Fidelity Advisor New Insights Fund (FNIAX)

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Fidelity Advisor New Insights Fund (FNIAX) is a large growth mutual fund. The fund objective is to provide capital appreciation. This equity fund may invest in stocks of companies whose value the adviser believes is not fully recognized by the public.

FNIAX Fund Profile

    Fidelity Advisor New Insights Fund (FNIAX)
  • Fund Inception Date: 07/31/2003
  • Ticker Symbol: FNIAX
  • CUSIP: 316071208
  • Beta (3yr): 0.96
  • Rank in category (YTD): 55%
  • Category: Large Growth
  • Distribution Yield: 0%
  • Capital Gains: -
  • Expense Ratio: 0.94%
  • Net Assets: $ 27.9 billion
  • Number of Years Up: 8 years
  • Number of Years Down: 2 year
  • Annual Turnover Rate: 79%

Fidelity Advisor New Insights Fund Performance

This large growth fund has no dividend yield. The fund managers are William Danoff and John D. Roth. The current total assets are $27.9 billion. The expense ratio fee is 0.94%. This class A fund has a sales load of 5.75%. The current share price is $28.31.

Morningstar has ranked this Fidelity Advisor New Insights Fund with 4 stars and silver rating. In 2014, the year-to-date return is 7.87%. This Fidelity fund has returned 17.47% over the past 3 years, and 15.59% over the past 5 years.

How to Buy

You can buy this mutual fund with $2,500 initial funding for your investment brokerage account or $500 for IRA (individual retirement account). There are 109 brokerages offered this fund including Fidelity Investment, E TRADE Financial, Merrill Lynch, Schwab, TD Ameritrade, JP Morgan NTF, etc.

More: Best Fidelity Mutual Funds

Other classes of this fund are:
  • Fidelity Advisor New Insights B (FNIBX)
  • Fidelity Advisor New Insights C (FNICX)
  • Fidelity Advisor New Insights I (FINSX)
  • Fidelity Advisor New Insights T (FNITX)
  • Fidelity Advisor New Insights Z (FZANX)

Top FNIAX Holdings

As of November 2014, the top 5 stocks in its portfolio are Microsoft Corp (MSFT), Wells Fargo & Co (WFC, Facebook Inc Class A (FB), Gilead Sciences Inc (GILD), and Bank of America Corporation (BAC). Top 3 sectors are financial services, technology, and healthcare.

Pros:
  • Fidelity Advisor New Insights Fund has good performance for the past years.
  • It is highly recommended by Morningstar.
Cons:
  • It has a high expense fee 
  • Class A also has a high sales load.

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