Fidelity Advisor Large Cap Fund Class I

Frequently Asked Questions About FALIX

What does FALIX invest in?

The fund normally invests primarily in common stocks. It normally invests at least 80% of its assets in securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 ® Index or the S&P 500 ® Index). The fund invests in domestic and foreign issuers. It invests in either growth stocks or value stocks or both.

What is the expense ratio of FALIX?

Fidelity Advisor Large Cap Fund Class I (FALIX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FALIX?

Fidelity Advisor Large Cap Fund Class I (FALIX) manages $2.23B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FALIX actively managed or an index fund?

FALIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FALIX's is 0.82%) because there's no security selection cost.

When was FALIX launched?

Fidelity Advisor Large Cap Fund Class I (FALIX) launched in February 1996 and is managed by Fidelity.

How has FALIX performed?

FALIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.