Morningstar

Fidelity Advisor Value Discovery Fund - Class I FVDNX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 47.10  /  −0.76 %
  • Total Assets 4.3B
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio —
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield —
  • Turnover 59%

USD | NAV as of Sep 05, 2026 | 1-Day Return as of Sep 05, 2026, 12:26 PM GMT+0

Morningstar’s Analysis FVDNX

Will FVDNX outperform in the 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 FVDNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FVDNX 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 FVDNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

More faith in the playbook than the team.

Principal Robby Greengold

Robby Greengold

Principal

Summary

Fidelity Value Discovery’s defensive, valuation-driven approach still has merit. But rather than displaying exceptionalism, the team behind it now looks closer to the industry norm. Its People Pillar is downgraded to Average from Above Average.

by Robby Greengold
Rated on Published on

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Portfolio Holdings FVDNX

More FVDNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Amazon.com Inc

7.46 311M
Consumer Cyclical

Microsoft Corp

5.24 218M
Technology

Apple Inc

4.64 193M
Technology

ExxonMobil Holdings Corp

3.37 141M
Energy

Bank of America Corp

2.64 110M
Financial Services

Merck & Co Inc

2.27 95M
Healthcare

The Travelers Companies Inc

2.09 87M
Financial Services

Chubb Ltd

1.87 78M
Financial Services

Keurig Dr Pepper Inc

1.84 77M
Consumer Defensive

Shell PLC ADR (Representing - Ordinary Shares)

1.83 76M
Energy

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