Fund Evaluator:

Fidelity Advisor Glbl Capital Apprec I Overview

Fidelity Advisor Glbl Capital Apprec I (FEUIX) is an actively managed International Equity Global Large-Stock Growth fund. Fidelity Investments launched the fund in 1998.

The investment seeks long-term growth of capital. The fund invests in securities issued throughout the world. It invests at least 80% of assets in equity securities. The fund invests primarily in common stocks. The advisor allocates investments across different countries and regions. The advisor 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 Glbl Capital Apprec I (FEUIX)

There are 1 members of the management team with an average tenure of 7.05 years: William Bower (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Fidelity Advisor Glbl Capital Apprec I has 61 securities in its portfolio. The top 10 holdings constitute 44.8% 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 Glbl Capital Apprec I is part of the Equity global asset class and is within the International Equity fund group. Fidelity Advisor Glbl Capital Apprec I has 26.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.2%. There is 26.3% 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 Glbl Capital Apprec I has 10.9% of the portfolio in cash.

Assets Under Management

The fund has $94 million in total assets, which is below the $964 million average for the Global Large-Stock Growth 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.

FEUIX 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 Glbl Capital Apprec I expense ratio is high compared to funds in the Global Large-Stock Growth category. Fidelity Advisor Glbl Capital Apprec I has an expense ratio of 1.05%, 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 Glbl Capital Apprec I has a portfolio turnover rate of 71%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Global Large-Stock Growth category.

Recently, in the month of August 2026, Fidelity Advisor Glbl Capital Apprec I returned 1.6%, which earned it a grade of D, as the Global Large-Stock Growth category had an average return of 2.2%. 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 Glbl Capital Apprec I has a trailing yield of 0.00%, which is below the 0.25% category average. The fund normally distributes its income annually and its capital gains semi-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 Glbl Capital Apprec I Grades

Year to date, the fund has returned 12.5%, 4.1 percentage points better than the category, which translates into a grade of B. The fund has returned 20.4% over the past year (grade of A), 22.5% over the past three years (grade of A) and 11.4% per year over the past five years (grade of A) and 12.5% per year over the past 10 years (grade of C).

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