Fidelity Basket Portfolios FAQs

Fidelity Basket Portfolios offer a fast and easy way to invest and manage multiple stocks and ETFs. Build, customize, and diversify on your terms and enjoy advanced features like one-click rebalancing. And unlike investing in individual mutual funds and ETFs, you benefit from direct ownership of your basket securities, and add or remove as you see fit.

And at the same time, you're in control, have the opportunity for growth potential and diversification across a range of securities, and can enjoy the ease of one-click trading and monitoring through a personalized dashboard.

With Fidelity Basket Portfolios you have the choice to create a basket with stocks, ETFs, or both stocks and ETFs.

Fidelity Basket Portfolios are an enhancement to an existing Fidelity brokerage account with just a $4.99/month enrollment fee. There are no additional account fees, no account minimums, or trade commissions for online US stocks or ETFs, and you can invest as little as $1.00 per stock or ETF and create as many baskets as you’d like.

Fidelity Basket Portfolios are an enhancement to your existing brokerage experience and can be used with most of your current brokerage trading accounts, so you will probably not need to open a new brokerage account to enroll.

Fidelity Basket Portfolios can be used in all of your nonretirement brokerage accounts, including HSA and cash management, just as you invest today. Traditional IRAs, Roth IRAs, and rollover IRAs are also eligible for Fidelity Basket Portfolios. Other retirement accounts (such as Inherited IRAs and Keogh accounts) are currently ineligible.

Fidelity Basket Portfolios are a new way to invest in what matters to you with features that make it easy for you to be in control. You'll be able to:

• Create your own custom index with a basket of stocks and ETFs.

• Choose from theme-based models such as AI and clean energy built by our analysts and easily rebalance with one click to trade.

• Customize your index, adding and removing stocks and ETFs, and invest in up to 50 securities with one click to trade.

• Monitor, track, and manage with a personalized dashboard alongside your other investments.

• View analytics and save time with our easy-to-use rebalance feature.

If you have a joint brokerage account and want to invest with Fidelity Basket Portfolios, you can. Just note that enrollment is at the individual level, so each person that wants access to the features would need to enroll.

For example, if you enroll but your joint account holder does not, only you will be able to view and trade, make edits, or manage your basket. Your joint account holder will, however, be able to view the basket holdings individually as they would any other positions in the account.

To create a custom index with Fidelity Basket Portfolios you select a group of stocks and ETFs that you want to invest in based on whatever theme you choose–a Fidelity model, which you can customize, or just create your own—then determine the percentage weighting of each investment and invest all in a single basket.

Fractional shares are portions of full shares.

When creating your own custom index with Fidelity Basket Portfolios, fractional shares enable you to allocate a percentage or dollar amount you want to an individual security without having to figure out how many whole shares you can buy with your investment amount. Fractional shares allow you to invest your money across a larger number of securities.

You can place market orders with Fidelity Basket Portfolios.

You can generally trade exchange-listed National Market System stocks with Fidelity Basket Portfolios, including most common stocks, American Depository Receipts (ADRs), and preferred securities. Foreign stocks, options, and other non-equity securities such as mutual funds are ineligible at this time.

With Fidelity Basket Portfolios you can generally create as many baskets as you'd like, across one or more Fidelity brokerage accounts.

Enrolling is your first step and just takes minutes. You'll have access to all the features of Fidelity Basket Portfolios with a 30-day free trial.

One week prior to your free trial end date, we will attempt to reach you and remind you to confirm that you have a payment method on file. At the end of your free trial, the $4.99 per month enrollment fee will then be charged monthly, unless you decide to cancel.

Learn more with a short video

Or learn more right here. Once enrolled:

• Choose prebuilt models from the experts, customize if you'd like, or select stocks and ETFs to create your own basket.
• Decide how much of each security you want in your basket, which brokerage account to invest with, and how much you'd like to invest.
• Name your basket and place your order.
• Want to make changes?
  • Go to your personalized dashboard, select Manage, and make your move.
  • Easily rebalance, buy, sell, edit, or rename your basket.
  • Place your trade with one click and you're done.

The prebuilt models within Fidelity Basket Portfolios are developed by Fidelity experts and are grounded on sound methodology. Each model is made up of a group of stocks or ETFs that belong to a specific industry index, share a common theme, or are aligned to a specific risk profile. Fidelity prebuilt models may be helpful as a starting point when beginning to explore, research, and build your own investment portfolio as you can easily view and track the model's performance. You can also choose to customize the model before investing in it.

For ease, we've split our prebuilt models into 3 categories, offering you the opportunity to select from:

Thematic stock models

Models follow long-term trends and themes, focusing on potential opportunities created by economic, technological, and social development.

Sector & income stock models

Models offer targeted exposure to companies in specific segments of the economy that can help you pursue income, growth, and diversification, and manage risk.

ETF model portfolios

Models provide exposure to a range of risk levels, using Fidelity or Fidelity and iShares ETFs, to help you align your investments with the risk level you’re most comfortable with.

These models are not a recommendation. You must make your own determination as to which securities to purchase or investment strategies to follow.

Yes, you can customize a prebuilt model. In fact, prebuilt models are often used to get started when building a basket. Easily add or remove securities, and even change the target weight of each security to create a custom basket.

Yes, when creating a basket, you're purchasing individual securities using your cash available to trade or margin buying power.

A position that you already own in your account can be moved into a new or existing basket. A basket must hold between two and fifty positions.

Check out our infographic

Saving a customized prebuilt model is not currently available.

On a regular basis our team reviews the entire process to ensure that themes and securities are still relevant, adjusting each model's weights as well as adding and removing securities if deemed appropriate.

Yes, a team of investment professionals adjusts each model's weights monthly based on market movement and reviews the entire process on a quarterly basis—to ensure themes and securities are still relevant. Periodically, some securities may be added or removed. Data is reviewed (Natural Language Processing and data sets) to, among other things, ensure that the themes and securities are still relevant. Throughout the year, our prebuilt models are also reviewed for quality filters and corporate actions.

The team is working to provide proactive notifications of any updates to an existing prebuilt model to help you keep your investments aligned. Until this feature is available, at any time, you can edit your basket and select "Set allocation to latest prebuilt model." This will align your basket to match the model's securities and target weights.

Yes, you can enroll using the web or the Fidelity app.

Your Fidelity Basket Portfolios enrollment fee will be charged monthly to your payment method on file, on your renewal date. The charge will appear on the statement as My Fidelity Enrollment.

When you enroll you have full access to all the features of Fidelity Basket Portfolios for free, for 30 days. At the end of your 30-day free trial we will begin to charge $4.99/month to the payment method you provided to us for your enrollment fee. If, however, you cancel within the 30 days, you will not be charged at all.

A payment method can be added as part of the enrollment process or at any time prior to your free trial end date to ensure continued enrollment. Once enrolled, updates can be made anytime. You can use a credit or debit card, or select from an eligible Fidelity account for payment.

To add a payment, start from your basket dashboard in a web browser. Then just 2 steps. Select:

• "Manage enrollment"
• "Update payment method"

To learn how to access your basket dashboard, visit our Making changes to my basket section.

Most Fidelity brokerage investment and cash management accounts can be used, as long as they have:

• Enough available cash to pay the enrollment fee
• No restriction
• Trusts are not eligible as funding accounts.

A payment method can be added as part of the enrollment process or at any time prior to your free trial end date to ensure continued enrollment. Once enrolled, updates can be made anytime. You can use a credit or debit card, or select from an eligible Fidelity account for payment.

To add a payment, start from your basket dashboard in a web browser. Then just 2 steps. Select:

• "Manage enrollment"
• "Update payment method"

To learn how to access your basket dashboard, visit our Making changes to my basket section.

Canceling your enrollment is easy, though we'd hate to see you give up access to all the features of Fidelity Basket Portfolios.

To cancel, start from your basket dashboard in a web browser—you can get there from your positions page. Then just 2 steps. Select:

• "Manage enrollment"
• "Cancel enrollment"

But remember, you can reenroll at any time!

Note: Enrollment changes are through web only at this time.

When canceling enrollment, at the end of your monthly billing period you will no longer have access to any of the features of Fidelity Basket Portfolios including editing, monitoring, and managing your models or baskets. Positions in existing baskets will appear individually in your account and may be traded as you do any other securities. Should you change your mind, you can reenroll at any time.

You have 2 easy options to get to your enrollment dashboard to reenroll.

Option 1: Log in to www.Fidelity.com/enrollments

Option 2: Log in to Fidelity.com, select Profile (top left of the screen), then Preferences, and Manage enrollments.

Once logged in, just follow these steps:

• Select the Fidelity Basket Portfolios enrollment card
• Manage enrollment
• Resume

And Resume, again, to confirm that you want to resume your enrollment.

If you were unenrolled due to a problem with your payment method, you will be able to update your payment method as part of the above process.

We're keeping it simple. With just a single Fidelity Basket Portfolios enrollment plan you'll have full access to all the features that we've shared.

From the web: Visit your Positions page, select Fidelity Basket Portfolios (top left, above the table) or click an individual basket position and select Manage baskets and either way, you'll land on your personalized dashboard. To make changes to your basket, select Manage, where you'll have easy access to rebalance, buy, sell, edit, and rename.

You can also access your dashboard from your All accounts & individual account Summary pages.

From the Fidelity app: Visit the Home screen, select the account with the basket, scroll down and tap on your basket in the Fidelity Basket Portfolios section, and you'll land on your Basket details. To make changes to your basket, select Manage, where you'll have easy access to rebalance, buy, sell, edit, and rename.

To rebalance to target weights, go to your personalized dashboard and select Manage. Then it's 2 quick steps.

• Select Rebalance
• Place order

To invest more, go to your personalized dashboard and select Manage. Then just follow these steps. 

• Select Buy and decide:
  • How you'd like to add to your basket
    • "Use target weights​"—add money using Smart Buys, allocating to your most underweight securities first or across all positions based on target weights
    • "Allocate to specific positions​"—add money to one or more positions
  • How much you'd like to buy

• Place order

Smart Buys, an advanced feature, let you invest in your basket and maintain your targets without any manual calculations. They are also a tax-efficient option to get your taxable account baskets closer to your targets by buying more of the underweight securities.

As you add money to your basket, your most underweight securities are identified, and proposed trades are allocated to those first. Any remaining money is allocated across all positions based on targets.

Learn more about Smart Buys

Yes, you can easily add money to specific positions. Go to your personalized dashboard, select Manage, Buy, and then follow the rest of the steps above to add money.

To reduce your investment, selling a portion of some or all your positions, go to your personalized dashboard and select Manage. Then just follow these steps.

• Select Buy and decide:
  • How you'd like to sell from your basket
    • "Use current weights"—sell positions based on current weights
    • "Sell from specific positions"—reduce money invested in one or more positions
    • "Sell entire basket"—take the money out of your basket
  • How much you'd like to sell

• Place order

Yes, you can sell a portion of a specific position or multiple positions. Go to your personalized dashboard, select Manage, Sell, and then follow the rest of the steps above to reduce your investment.

When you sell your entire basket, all proceeds from the sale will go into the core position in your account. At any time while enrolled, you can start again and create a new basket.

To edit your basket allocation, adding or adjusting securities and target weights, go to your personalized dashboard and select Manage. Then just follow these quick steps.

• Select Edit
• Decide how you'd like to edit your basket:
  • "Set my own allocation"—add or adjust securities and target weights.
  • "Set allocation to latest prebuilt model"—adjust securities and target weights to align with the model you selected.

If adding securities, once your basket is edited, select Manage, and then Rebalance to invest in your new securities.

To rename your basket, go to your personalized dashboard and Select Manage. Then it's 3 quick steps.

• Select Rename
• Provide a new name
• Save

When naming a basket, keep in mind that you cannot have 2 baskets in an account with the same name. However, you can use the same name for a basket in a different account.

After you build your basket, select "Save draft," and the securities that you've picked and their target weights will be saved for you to buy now or later.

From the web:
Visit your personalized basket dashboard where you will see all your baskets and draft baskets. View an individual draft basket, edit, or delete, or even build a new one. Not sure how to access your dashboard? Check out Making changes to my basket.

From the Fidelity app:
Tap Transact, then Fidelity Basket Portfolios to get to the basket screener. From there, select "Build with your draft basket or watchlist." You'll have easy access to view both your draft baskets and watchlists.

You can use a draft basket to create as many baskets as you'd like, across one or more Fidelity brokerage accounts. When getting started just select "Build with your draft basket or watchlist."

From the web:
Visit your basket dashboard and select "Edit and Buy" for the draft you want to trade, ensure the securities have target weights that total 100%, and select Continue. You're now set to finish building your basket, edit your draft if you'd like, and trade it during market hours.

From the Fidelity app:
Tap Transact, then Fidelity Basket Portfolios to get to the basket screener. Then just select "Build with your draft basket or watchlist," follow the prompts, and you'll be set to trade during market hours.

The ability to save a basket as a draft offers quite a few benefits.

• Investing when you're ready is quicker. You'll be a step ahead with quick access to not only the list of securities that you want to invest in but also their weights.
• Researching securities and keeping track of them to invest later is easier. Even when the market is closed you can do your research and build your basket.
• Being able to use your draft basket across multiple accounts is handy. Your draft basket is available for you to use in any of your eligible accounts. To view eligible brokerage accounts, visit our Learning the basics of Fidelity Basket Portfolios section.

Yes, currently enrolled customers can create a recurring investment for any existing baskets.

You can create a recurring investment from the confirmation screen when you create a new basket. You can also select "Set up recurring" from the Manage menu.

Yes, you can create as many recurring investments as you want for each basket.

When creating the recurring investment, you can choose Smart Buys or target weights. Smart Buys will distribute your investment to the most underweight securities first. If you choose target weights, your investment will be distributed according to the target weight of each security.

• You can view your recurring investments from your basket dashboard. Each basket has an icon indicating that it has a recurring investment. Clicking the carat to the left of the basket name displays the recurring investment details.
• You can view your recurring investment details on your mobile device from the basket details page. Tapping "See details" opens an overlay with all the information about your recurring investment.

• You can edit or delete your recurring investment from your basket dashboard. Each basket has an icon indicating that it has a recurring investment. Clicking the carat to the left of the basket name displays the recurring investment details where you can Edit or Delete your recurring investment.
• From your mobile app, you can view the details of your recurring investment from the basket details page. Tapping "See details" opens an overlay with all the information about your recurring investment. Tapping Edit opens an overlay that allows you to edit or delete your recurring investment.

For more information on recurring investments, see recurring investments FAQs

From the basket dashboard, you can build a basket with positions that you already own.

A position that you own in a basket can be moved to the account in which the basket resides.

You cannot move a position directly from one basket to another basket. However, you can move a position from one basket to the account, then from the account to another basket within the same account.

Only full positions can be moved to or from a basket.

You can initiate a position movement at any time. However, only transactions that are initiated between approximately 7am ET and 8pm ET on business days will post almost immediately. Transactions initiated after that time are shown as “In progress” and executed in the morning of the next business day prior to market open. Similarly, transactions initiated after approximately 8pm ET on Friday of a business day and any time during the weekend are not completed until the next business day.

When position movement is “In progress,” basket trading functionality is suppressed within that specific basket to ensure that all tax lots are properly assigned within the account. In some instances, “In progress” can occur during market hours and customers may be unable to buy, sell, or rebalance within that basket until the position movement has completed.

You can navigate to the Account features tab to find the Brokerage and trading section of the page to manage the Dividends and Capital Gains options and update them to reinvest as needed.

Note: Some dividends may not be automatically reinvested into a basket. In those instances, customers can use the Move positions feature to consolidate their positions in the related basket.

No. Dividends can only be reinvested into a basket when the transaction is completed. In some cases, this can take 2 to 3 business days or more.

Only dividends generated from shares held in a basket prior to the ex-dividend date will be allocated to the basket. Dividends from shares held outside of the basket, or in a basket on or after the ex-dividend date, will be allocated to the account. All subsequent dividends will be proportionately allocated based on these rules.

Yes, you can use the Move positions feature found on the basket dashboard to move the shares from the account into the same basket where the other shares of the same position reside.