Fund Evaluator:
Fidelity Advisor Diversified Stock A (FDTOX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Fidelity Advisor Diversified Stock A Overview
Fidelity Advisor Diversified Stock A (FDTOX) is an actively managed U.S. Equity Large Blend fund. Fidelity Investments launched the fund in 1999.
The investment seeks capital growth. The fund normally invests at least 80% of assets in stocks. It invests primarily in common stocks. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both. The fund 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 Diversified Stock A (FDTOX)
There are 1 members of the management team with an average tenure of 9.32 years: Daniel Kelley (2017). 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 Diversified Stock A has 248 securities in its portfolio. The top 10 holdings constitute 33.8% 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 Diversified Stock A is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Advisor Diversified Stock A has 9.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.7%. There is 9.3% allocated to foreign stock, and 0.0% 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 Diversified Stock A has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $664 million 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.
FDTOX 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 Diversified Stock A expense ratio is above average compared to funds in the Large Blend category. Fidelity Advisor Diversified Stock A has an expense ratio of 0.76%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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 Diversified Stock A has a portfolio turnover rate of 85%, indicating that holds its assets around 0.0 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 Diversified Stock A returned -3.1%, which earned it a grade of F, 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 Diversified Stock A has a trailing yield of 0.21%, which is below 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 Diversified Stock A Grades
Year to date, the fund has returned 11.2%, 1.9 percentage points better than the category, which translates into a grade of B. The fund has returned 18.6% over the past year (grade of C), 19.1% over the past three years (grade of B) and 12.3% per year over the past five years (grade of B) and 15.2% per year over the past 10 years (grade of A).
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FDTOX 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 |
|
| FDTOX Return (NAV) | -3.1% | 2.6% | 18.6% | 19.1% | 12.3% | 15.2% |
| FDTOX Grade | F | F | C | B | B | A |
| +/- Category | -3.6% | -1.5% | 1.2% | 1.7% | 1.2% | 1.6% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| FDTOX Tax Cost Ratio | na | na | 1.5% | 1.8% | 2.3% | 1.9% |
FDTOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDTOX Return (NAV) | 11.2% | 13.6% | 27.4% | 27.9% | -20.1% | 28.0% | 27.0% | 27.8% | -5.6% | 18.9% | 16.6% |
| FDTOX Grade | B | D | A | A | F | B | A | D | C | F | A |
| +/- Category | 1.9% | -2.3% | 5.4% | 4.2% | -2.8% | 1.5% | 9.5% | -2.1% | 0.2% | -2.4% | 6.4% |
| 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: | 14.7% |
| Total Risk Index: | 1.20 - Above Average |
| Category Risk Index: | 1.11 - High |
| Category Risk Grade: | F (93% Rank) |
| Beta: | 1.09 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4121 Mil |
| Fund Total Assets: | $ 664 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 85% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 9.3 years | |||
| Average Tenure: 9.3 years | |||
| Managers (Year): Kelley Daniel (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 248 |
| % in Top 10 Holdings: | 33.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.3% |
Portfolio Allocation |
|
| Domestic Stock: | 88.7% |
| Foreign Stock: | 9.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.4% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | April 30, 1999 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.76% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Fidelity Advisor Diversified Stock O |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
