Fidelity Advisor Worldwide Fund Class M
FWTFX
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ROIC.AI
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- Fidelity Advisor Worldwide Fund Class M (FWTFX) is an open-end mutual fund that seeks growth of capital by investing primarily in common stocks of companies worldwide, with a portfolio typically comprising domestic U.S. equities, international developed market equities, and emerging market equities; it maintains allocations of approximately 66% in U.S. stocks, 33% in non-U.S. stocks, and minimal cash or other assets, focusing on large-cap growth securities in a blend style. The fund offers shares through multiple classes including Class A (FWAFX), Class C (FWCFX), Class I (FWIFX), and Class Z (FIQOX), managed under Fidelity Investments with an expense ratio around 1.24% for Class M and a high portfolio turnover rate of 108%; it benchmarks against the MSCI ACWI NR USD or MSCI World Index and targets investors seeking global large-stock growth exposure. Headquartered in Boston, Massachusetts, the fund was incepted on February 19, 2009. Core holdings emphasize growth-oriented sectors such as technology and communications, with top positions including leading U.S. firms like NVIDIA, Microsoft, and Meta Platforms alongside international names like Thales in defense and aerospace; as of mid-2025, top 10 holdings represent about 30% of the portfolio, top 20 around 53%, and top 50 near 74% across 173 total holdings. The fund invests without geographic restrictions, providing exposure to U.S., developed international markets (e.g., Europe, Japan), and emerging markets primarily through equities, with occasional use of FX forwards. Co-managed by Stephen DuFour and Andrew Sergeant, the fund experienced notable performance shifts in the semiannual period ending April 30, 2025, returning -6.47% for Class I shares versus a 1.11% benchmark gain, attributed to underperformance in certain growth themes amid market bifurcation; managers increased overweight positions in key secular growth names like Robinhood Markets (up 112%, fund's fifth-largest holding) and focused on generative AI developments despite uncertainty. Recent portfolio adjustments as of May/June 2025 reflect a mid-cap blend style evolution with 99% asset coverage, ongoing high turnover at 163% noted in related funds, and sustained emphasis on top contributors like Thales (+69% in international sleeve). No major acquisitions, funding rounds, or structural reorganizations reported in 2024-2025; operations remain steady under Fidelity Investments, with net assets and performance tracked against global large-stock growth peers.