Fidelity Advisor Large Cap Fund Class A
FALAX
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Feb 29, 1996
- CIK
- 0000722574
- Similar Companies
- Business
- Fidelity Advisor Large Cap Fund Class A (FALAX) is an open-end mutual fund managed by Fidelity Investments that seeks long-term growth of capital by investing primarily in common stocks of companies with large market capitalizations, defined as those similar to companies in the Russell 1000 Index or S&P 500 Index; it normally allocates at least 80% of assets to such securities of domestic and foreign issuers, including both growth and value stocks. The fund offers share classes with varying expense structures, including Class A shares featuring a front-end sales load and an expense ratio of 0.80%; it provides portfolio diversification across sectors with a focus on equity securities, net assets approximating $2.14 billion, and a CUSIP of US3158058616. Fidelity Investments, the fund's investment manager and parent entity headquartered in Boston, Massachusetts, oversees operations since the fund's inception on September 3, 1996, with lead portfolio manager Matthew W. Fruhan in place since October 31, 2005; the firm targets institutional and retail investors seeking large-cap equity exposure through actively managed strategies. The fund maintains geographic focus primarily on U.S. markets while permitting foreign investments, operates within the large-cap value segment per Morningstar categorization, and emphasizes risk-adjusted performance relative to benchmarks like the S&P 500. In a significant recent development announced in 2025, Fidelity Advisor Large Cap Fund is slated for merger into Fidelity Large Cap Stock Fund, enabling shareholders to transition to a larger vehicle with substantially similar investment objectives, strategies, and the same portfolio manager, while benefiting from pro forma expense reductions of 5 to 7 basis points across classes; the merger, pending shareholder approval, is expected to occur on or about July 25, 2025, with new Advisor share classes launched for the acquiring fund to accommodate the assets. This reorganization reflects Fidelity's ongoing efforts to streamline fund offerings and enhance cost efficiency amid broader industry consolidation.