Fidelity Advisor Small Cap Growth A (FCAGX) shows promise with solid performance and a strong Zacks Mutual Fund Rank, making it worth considering.
FCAGX focuses on stocks with growth potential and a market cap under $2 billion. These companies are often smaller and in emerging industries. Since its launch in November 2004, the fund has attracted over $409 million in assets and is managed by Patrick Venanzi, who has been at the helm since 2011.
When it comes to performance, FCAGX has delivered a 5-year annualized return of 9.76%, placing it in the top third of its peers. If you look at a shorter time frame, its 3-year return is 2.03%, which is also in the top third. Just keep in mind that the returns might not include all expenses, which could lower them.
It’s also worth noting the fund’s volatility. The standard deviation over the past three years is 22.42%, higher than the category average of 15.71%. This means it can be more volatile than other funds in its category.
In terms of risk, FCAGX has a 5-year beta of 1.11, indicating it’s more volatile than the market. Its alpha is -4.63, suggesting the fund has struggled to outperform the S&P 500.
Costs matter too. FCAGX has an expense ratio of 1.26%, which is higher than the category average of 0.99%. Plus, it’s a load fund, meaning there are fees when you buy shares. However, there are no minimum investment requirements.
In summary, despite its higher fees and some risks, Fidelity Advisor Small Cap Growth A (FCAGX) has a solid performance record and a good Zacks Mutual Fund rank, making it a potential choice for investors right now. If you want to dive deeper into this fund or compare it with others, check out Zacks.com for more info.
