Experienced leadership and deep analytical resources work in Fidelity Advisor Capital Development's favor, but flaws in its risk management warrant a downgrade of its Morningstar Analyst Rating to Bronze from Silver for its cheapest O share class andto Neutral from Bronze for its M shares. Its other share classes retain their ratings of either Bronze or Neutral.
Will FDEIX 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 FDEIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FDEIX 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 FDEIX’s parent organization’s priorities and whether they’re in line with investors’ interests.