Fidelity Advisor Diversified Stock Z (FZACX)

Fidelity Advisor Diversified Stock Fund Class Z is a mutual fund designed to achieve capital growth by investing primarily in U.S. equities. Adopting a flexible large-blend style, the fund allocates at least 80% of its assets to stocks, balancing both growth and value investment approaches. With a portfolio typically spread across a substantial number of holdings—238 as of the latest data—it seeks diversification across sectors and industries, with a strong emphasis on technology, communication services, consumer cyclical, and healthcare companies. The fund's largest positions include major players such as NVIDIA, Apple, Microsoft, Amazon, and Alphabet, reflecting its focus on blue-chip and innovative firms. Managed by an experienced team and supported by Fidelity's robust research resources, the fund is characterized by an above-average process and people ratings, a relatively low expense ratio, and a competitive fee structure. Its role in the market is to provide institutional and eligible investors exposure to a well-diversified basket of large-cap U.S. stocks, helping them pursue long-term capital appreciation while mitigating the risks of concentration in any single sector or company.