Fidelity Advisor Diversified Stock AFDTOX

Fidelity Advisor Diversified Stock is too aggressive and unproven for our taste.

This fund took it on the chin in the October 2007-March 2009 bear market, losing a stomach-churning 63%--8 percentage points more than the S&P 500 Index (its benchmark) and 11 more than the large-growth norm.  Read more 

James Morrow took over this fund from Tim Cohen in November 2006. While the fund kept the S&P 500 Index as its benchmark, Morrow expanded its out-of-index bets by adding many smaller and non-U.S.  Read more 

In November 2006, James Morrow replaced Tim Cohen, who ran the fund for just 18 months. (Cohen continues to manage Fidelity Growth & Income FGRIX.) Morrow hasn't run a diversified fund before. He has since handed off responsibilities at several of Fidelity's tech funds, including Select Technology FSPTX and Select Electronics FSELX, which he ran as Fidelity's technology sector leader.  Read more 

In November 2006, this fund was taken over by its third manager in 18 months--James Morrow, who hasn't run a diversified fund before. He plies a bold, all-cap approach.  Read more