Fidelity has recently shifted Fidelity Advisor New Insights' asset allocation from one sleeve manager to another. Nidhi Gupta now runs 40% of Fidelity Advisor New Insights' assets--up from 20% in early 2022. Will Danoff now manages 60%. The move is unsurprising given Fidelity's guidance that upon Gupta's mid-2020 arrival as comanager that her allocation would start at the shorter end of a range between 20% and 40% and is now back to the typical level that had been in place for most of the sleeve's life. The strategy's Morningstar Analyst Ratings are unchanged.
Fidelity Advisor® New Insights I FINSX
NAV / 1-Day Return
30.88
/
3.38
%
Total Assets
19.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.680%
Expense Ratio
0.680%
Fee Level
Average
Longest Manager Tenure
18.90
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
29%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FINSX 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 FINSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FINSX 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 FINSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Fidelity Advisor New Insights Has Recently Shifted Its Sleeve Allocations; Ratings Unchanged
