Experienced leadership and deep analytical resources work in Fidelity Advisor Large Cap Stock’s favor, but flaws in its risk management warrant a downgrade of its Morningstar Analyst Rating to Bronze from Silver for its cheapest I and Z share classes and Neutral from Bronze for its A and M shares. Its expensive C shares retain Neutral.
Will FALIX 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 FALIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FALIX 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 FALIX’s parent organization’s priorities and whether they’re in line with investors’ interests.