The Fund Grade · free · no account needed
What grade does FITIX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Fidelity Advisor Mid Cap II M
#166 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
FITIX puts less of its book behind proven specialists than 74% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
FITIX vs the Honor Roll · share card ↗Conviction exposure
8.8%
of the book in specialist-converged names
Late-stage weight
29.7%
of the book in Crowded or Fading names
Active share
89.8%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
FITIX earns a B grade and ranks 166 of 500, with specialists holding about 9% of the book, which is modest. The early positions in XPO and ATR are the most interesting part of the story, while five holdings including ELAN and AR show specialists already leaving. Higher graded funds exist in the same Fidelity family.
→ Watch ELAN and AR closely, as specialists are fading from both positions, which together represent over 2% of the fund.
→ Compare FITIX against higher graded Fidelity family funds to see whether the early XPO and ATR positions appear there at better overall grades.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.