Fund Evaluator:

Fidelity Advisor Stock Sel C Overview

Fidelity Advisor Stock Sel C (FLACX) is an actively managed U.S. Equity Large Blend fund. Fidelity Investments launched the fund in 2012.

The investment seeks capital growth. The fund normally invests at least 80% of assets in stocks, primarily in common stocks. It invests the fund's assets in one or more Fidelity® central funds (central funds), which provide exposure to different sectors of the U.S. stock market (at present, these sectors include communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities). The fund invests in the sector central funds of domestic and foreign issuers, and in "growth" and/or "value" stocks.

About Fidelity Advisor Stock Sel C (FLACX)

There are 1 members of the management team with an average tenure of 3.39 years: Christopher Lee (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ US Total Stock Market TR USD index with a weighting of 100%. Fidelity Advisor Stock Sel C has 407 securities in its portfolio. The top 10 holdings constitute 40.9% 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 Stock Sel C is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Advisor Stock Sel C has 5.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.6%. There is 5.3% 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 Stock Sel C has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $19 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.

FLACX 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 Stock Sel C expense ratio is high compared to funds in the Large Blend category. Fidelity Advisor Stock Sel C has an expense ratio of 1.54%, which is 90% 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 Stock Sel C has a portfolio turnover rate of 13%, 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 June 2026, Fidelity Advisor Stock Sel C returned 0.8%, which earned it a grade of A, as the Large Blend category had an average return of -0.2%. 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 Stock Sel C has a trailing yield of 0.00%, 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 Stock Sel C Grades

Year to date, the fund has returned 15.5%, 6.4 percentage points better than the category, which translates into a grade of A. The fund has returned 30.0% over the past year (grade of A), 20.4% over the past three years (grade of B) and 11.4% per year over the past five years (grade of C) and 14.3% per year over the past 10 years (grade of C).

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