Fidelity Advisor Small Cap's first-time manager is off to a strong start, but it still has more to prove, warranting a Morningstar Analyst Rating of Neutral.
Will FSCEX 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 FSCEX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FSCEX 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 FSCEX’s parent organization’s priorities and whether they’re in line with investors’ interests.