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Morningstar

Fidelity Advisor® Industrials I FCLIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 38.40  /  0.00
  • Total Assets 520.5 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Industrials
  • Investment Style Mid Blend
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.15%
  • Turnover 106%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:09 PM GMT+00:00

Morningstar’s Analysis FCLIX

Will FCLIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCLIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCLIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FCLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A faulty process drives a downgrade.

Senior Analyst

Summary

| by Todd Trubey

Fidelity Select Industrials (and the related Fidelity Advisor Industrials) aims to be in sync with the economic cycle and therefore has had very high turnover and subsequently poor results, driving a Process rating downgrade to Below Average from Average; that, in turn, means the Morningstar Analyst Ratings across all share classes drop to Negative from Neutral.

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