Fidelity Advisor Materials’ manager has ample basic materials sector expertise but has been in place for just two years, warranting a Morningstar Analyst Rating of Neutral across all share classes.
Will FMFAX 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 FMFAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FMFAX 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 FMFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.