Fund Evaluator:
Fidelity Advisor Founders M (FIFPX)
Follow This Fund
Best Performing in Large Growth Over the Last Year
| 39.6% | Tanaka Growth (TGFRX) |
| 35.2% | Fidelity Advisor OTC Z (FOTJX) |
| 35.1% | Fidelity OTC (FOCPX) |
| 34.8% | Chase Growth N (CHASX) |
| 27.3% | Fidelity Advisor Focused Stock Z (FSFOX) |
Fund Details
Fidelity Advisor Founders M Overview
Fidelity Advisor Founders M (FIFPX) is an actively managed U.S. Equity Large Growth fund. Fidelity Investments launched the fund in 2019.
The investment seeks capital appreciation. The fund normally invests primarily in equity securities of founder-involved companies. Founder-involved companies are those for which, at the time of the fund's initial purchase, a founder is a member of the senior management team or the company's board of directors. The fund uses quantitative analysis to evaluate growth potential, valuation, liquidity, and investment risk, along with fundamental analysis of factors such as each issuer's financial condition, its industry position, and market and economic conditions to select investments.
About Fidelity Advisor Founders M (FIFPX)
There are 1 members of the management team with an average tenure of 1.30 years: Thomas Williams (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. Fidelity Advisor Founders M has 69 securities in its portfolio. The top 10 holdings constitute 42.1% 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 Founders M is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Advisor Founders M has 15.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.0%. There is 15.0% 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 Founders M has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $2 billion average for the Large 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.
FIFPX 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 Founders M expense ratio is high compared to funds in the Large Growth category. Fidelity Advisor Founders M has an expense ratio of 1.35%, which is 40% higher than its category average, making the fund expense ratio grade a F. 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 Founders M has a portfolio turnover rate of 72%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, Fidelity Advisor Founders M returned 0.6%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. 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 Founders M has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income 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 Founders M Grades
Year to date, the fund has returned 8.0%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 12.2% over the past year (grade of B), 19.7% over the past three years (grade of B) and 10.9% per year over the past five years (grade of B).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Fidelity Advisor Founders M, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
FIFPX 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 |
|
| FIFPX Return (NAV) | 0.6% | 5.3% | 12.2% | 19.7% | 10.9% | na |
| FIFPX Grade | A | A | B | B | B | na |
| +/- Category | 3.7% | 3.6% | 3.1% | 1.6% | 2.2% | na |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| FIFPX Tax Cost Ratio | na | na | 0.6% | 0.7% | 0.6% | na |
FIFPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FIFPX Return (NAV) | 8.0% | 15.7% | 31.4% | 33.3% | -27.0% | 18.4% | 46.5% | na | na | na | na |
| FIFPX Grade | A | C | C | D | B | D | B | na | na | na | na |
| +/- Category | 4.2% | 0.0% | 1.7% | -5.6% | 5.1% | -2.0% | 4.2% | na | na | na | na |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 17.5% |
| Total Risk Index: | 1.43 - High |
| Category Risk Index: | 0.99 - Above Average |
| Category Risk Grade: | D (62% Rank) |
| Beta: | 1.29 |
| R-Squared: | 92% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $214 Mil |
| Fund Total Assets: | $ 17 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 72% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Williams Thomas (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 69 |
| % in Top 10 Holdings: | 42.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.0% |
Portfolio Allocation |
|
| Domestic Stock: | 82.0% |
| Foreign Stock: | 15.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | February 14, 2019 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 3.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.35% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Fidelity Advisor Founders Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
