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Fidelity Investments Announces Major Portfolio Changes for 2026

11/30/2025

Summary

Story summary

Fidelity Investments Canada will change portfolio management for the Fidelity American Equity Fund, effective January 5, 2026.
Darren Lekkerkerker (Fidelity Investments portfolio manager) will replace Steve MacMillan.
Steve MacMillan (Fidelity Investments portfolio manager) will continue managing the Fidelity Small Cap America Fund.
The fund's objectives remain unchanged, but changes to holdings may trigger capital gains distributions in 2026.
Investors should consider risks associated with mutual funds and ETFs.

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Story summary

Fidelity Investments Canada will change portfolio management for the Fidelity American Equity Fund, effective January 5, 2026.
Darren Lekkerkerker (Fidelity Investments portfolio manager) will replace Steve MacMillan.
Steve MacMillan (Fidelity Investments portfolio manager) will continue managing the Fidelity Small Cap America Fund.
The fund's objectives remain unchanged, but changes to holdings may trigger capital gains distributions in 2026.
Investors should consider risks associated with mutual funds and ETFs.