Fund Evaluator:
Fidelity Advisor Capital Development O (FDETX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Fidelity Advisor Capital Development O Overview
Fidelity Advisor Capital Development O (FDETX) is an actively managed U.S. Equity Large Blend fund. Fidelity Investments launched the fund in 1985.
The investment seeks capital growth. The fund normally invests primarily in common stocks. It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both. The adviser uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
About Fidelity Advisor Capital Development O (FDETX)
There are 1 members of the management team with an average tenure of 12.63 years: Matthew Fruhan (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Fidelity Advisor Capital Development O has 176 securities in its portfolio. The top 10 holdings constitute 41.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Advisor Capital Development O is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Advisor Capital Development O has 10.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.3%. There is 10.1% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Advisor Capital Development O has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FDETX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Advisor Capital Development O expense ratio is average compared to funds in the Large Blend category. Fidelity Advisor Capital Development O has an expense ratio of 0.53%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Advisor Capital Development O has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Fidelity Advisor Capital Development O returned 1.5%, which earned it a grade of B, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Advisor Capital Development O has a trailing yield of 0.76%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fidelity Advisor Capital Development O Grades
Year to date, the fund has returned 11.9%, 2.6 percentage points better than the category, which translates into a grade of A. The fund has returned 23.0% over the past year (grade of A), 23.5% over the past three years (grade of A) and 16.8% per year over the past five years (grade of A) and 15.9% per year over the past 10 years (grade of A).
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FDETX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FDETX Return (NAV) | 1.5% | 4.1% | 23.0% | 23.5% | 16.8% | 15.9% |
| FDETX Grade | B | C | A | A | A | A |
| +/- Category | 1.1% | 0.1% | 5.5% | 6.2% | 5.7% | 2.2% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| FDETX Tax Cost Ratio | na | na | 2.3% | 1.7% | 1.6% | 1.6% |
FDETX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDETX Return (NAV) | 11.9% | 27.4% | 26.9% | 24.2% | -8.0% | 25.4% | 9.1% | 31.3% | -8.8% | 18.1% | 16.5% |
| FDETX Grade | A | A | A | C | A | D | F | B | F | F | A |
| +/- Category | 2.6% | 11.6% | 4.9% | 0.5% | 9.3% | -1.1% | -8.4% | 1.5% | -3.0% | -3.2% | 6.3% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.6% |
| Total Risk Index: | 1.03 - Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.92 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $6422 Mil |
| Fund Total Assets: | $5,152 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 12.6 years | |||
| Average Tenure: 12.6 years | |||
| Managers (Year): Fruhan Matthew (2013) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 176 |
| % in Top 10 Holdings: | 41.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.1% |
Portfolio Allocation |
|
| Domestic Stock: | 87.3% |
| Foreign Stock: | 10.1% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Closed |
| Inception Date: | December 30, 1985 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.53% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Fidelity Advisor Capital Development O |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
