Fidelity Advisor Small Cap's first-time manager is off to a strong start but remains relatively untested in a prolonged downturn, warranting a Morningstar Analyst Rating of Neutral.
Will FSCTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSCTX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FSCTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FSCTX’s parent organization’s priorities and whether they’re in line with investors’ interests.