Fund Evaluator:
Fidelity Advisor® Global EquityInc Z (FGEKX)
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Best Performing in Global Large-Stock Blend Over the Last Year
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Fund Details
Fidelity Advisor® Global EquityInc Z Overview
Fidelity Advisor® Global EquityInc Z (FGEKX) is an actively managed International Equity Global Large-Stock Blend fund. Fidelity Investments launched the fund in 2024.
The investment seeks reasonable income also in pursuing this objective, the fund will also consider the potential for capital appreciation. The fund normally invests at least 80% of assets in equity securities. The fund primarily invests in income-producing equity securities. The fund seeks to exceed the yield on the MSCI ACWI (All Country World Index) Index. The fund invests in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).
About Fidelity Advisor® Global EquityInc Z (FGEKX)
There are 1 members of the management team with an average tenure of 14.34 years: Ramona Persaud (2012). 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® Global EquityInc Z has 147 securities in its portfolio. The top 10 holdings constitute 32.4% 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® Global EquityInc Z is part of the Equity global asset class and is within the International Equity fund group. Fidelity Advisor® Global EquityInc Z has 38.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.2%. There is 38.3% 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® Global EquityInc Z has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $29 million in total assets, which is below the $1 billion average for the Global Large-Stock 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.
FGEKX 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® Global EquityInc Z expense ratio is high compared to funds in the Global Large-Stock Blend category. Fidelity Advisor® Global EquityInc Z has an expense ratio of 0.82%, which is 22% 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® Global EquityInc Z has a portfolio turnover rate of 19%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of August 2026, Fidelity Advisor® Global EquityInc Z returned 0.7%, which earned it a grade of F, as the Global Large-Stock Blend category had an average return of 1.9%. 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® Global EquityInc Z has a trailing yield of 0.92%, which is below the 0.93% category average. The fund normally distributes its income monthly 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® Global EquityInc Z Grades
Year to date, the fund has returned 11.8%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 19.4% over the past year (grade of C), 18.9% over the past three years (grade of B) and 11.0% per year over the past five years (grade of A) and 12.1% per year over the past 10 years (grade of B).
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FGEKX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FGEKX Return (NAV) | 0.7% | 0.5% | 19.4% | 18.9% | 11.0% | 12.1% |
| FGEKX Grade | F | F | C | B | A | B |
| +/- Category | -1.2% | -1.7% | 1.4% | 1.8% | 2.1% | 1.3% |
| Global Large-Stock Blend Avg | 1.9% | 2.3% | 18.0% | 17.1% | 8.9% | 10.8% |
| FGEKX Tax Cost Ratio | na | na | 0.6% | na | na | na |
FGEKX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FGEKX Return (NAV) | 11.8% | 26.1% | 13.2% | 15.3% | -11.9% | 19.0% | 14.5% | 30.2% | -10.9% | 22.1% | 3.4% |
| FGEKX Grade | C | A | C | D | A | C | C | A | D | D | F |
| +/- Category | -0.0% | 6.0% | -0.0% | -3.4% | 4.3% | 1.5% | -0.1% | 4.3% | -0.5% | -0.9% | -3.2% |
| Global Large-Stock Blend Avg | 11.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 10.8% |
| Total Risk Index: | 0.89 - Average |
| Category Risk Index: | 0.89 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.81 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $476 Mil |
| Fund Total Assets: | $ 29 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 19% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 14.3 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Persaud Ramona (2012) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 147 |
| % in Top 10 Holdings: | 32.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 38.3% |
Portfolio Allocation |
|
| Domestic Stock: | 59.2% |
| Foreign Stock: | 38.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | October 18, 2024 |
| 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 (%): | 0.82% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Fidelity Global Equity Income |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
