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.
Fidelity Advisor® Small Cap M FSCTX
NAV / 1-Day Return
23.60
/
0.55
%
Total Assets
2.0 Bil
Adj. Expense Ratio
1.460%
Expense Ratio
1.460%
Fee Level
High
Longest Manager Tenure
4.10
years
Category
Small Blend
Investment Style
Small BlendMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
41%
Morningstar’s Analysis
Will FSCTX 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 FSCTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of FSCTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A promising start from new manager.
