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FWIFX - Fidelity Advisor Worldwide Fund Institutional Class

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Fidelity Advisor Worldwide Fund Institutional Class (FWIFX)
Expense Ratio: 1.13%
Expected Lifetime Fees: $33,198.95


The Fidelity Advisor Worldwide Fund Institutional Class fund (FWIFX) is a World Stock fund started on 2/19/2009 and has $1.00 billion in assets under management. The current manager has been running Fidelity Advisor Worldwide Fund Institutional Class since 10/22/2007. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Total World Stock Index ETF (VT)
Expense Ratio: 0.22%
Expected Lifetime Fees: $7,107.65


The Vanguard Total World Stock Index ETF (VT) is an Exchange Traded Fund. It is a "basket" of securities that index the World Stock investment strategy and is an alternative to a World Stock mutual fund. Fees are very low compared to a comparable mutual fund like Fidelity Advisor Worldwide Fund Institutional Class because computers automatically manage the stocks.




The Following World Stock Funds Have Lower Fees Than Fidelity Advisor Worldwide Fund Institutional Class (FWIFX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Century Global Growth Inst AGGIX 53.0% 405 0.91%
American Century Global Growth Inv TWGGX 53.0% 405 1.11%
American Funds Capital World G/I A CWGIX 27.0% 64,900 0.79%
American Funds Capital World G/I F-1 CWGFX 27.0% 64,900 0.80%
American Funds Capital World G/I F-2 WGIFX 27.0% 64,900 0.54%
American Funds Capital World G/I R3 RWICX 27.0% 64,900 1.10%
American Funds Capital World G/I R4 RWIEX 27.0% 64,900 0.80%
American Funds Capital World G/I R5 RWIFX 27.0% 64,900 0.50%
American Funds Capital World G/I R6 RWIGX 27.0% 64,900 0.45%
American Funds New Perspective A ANWPX 24.0% 39,800 0.77%
American Funds New Perspective F-1 NPFFX 24.0% 39,800 0.81%
American Funds New Perspective F-2 ANWFX 24.0% 39,800 0.55%
American Funds New Perspective R3 RNPCX 24.0% 39,800 1.11%
American Funds New Perspective R4 RNPEX 24.0% 39,800 0.81%
American Funds New Perspective R5 RNPFX 24.0% 39,800 0.51%
American Funds New Perspective R6 RNPGX 24.0% 39,800 0.46%
American Funds SMALLCAP World A SMCWX 39.0% 18,400 1.09%
American Funds SMALLCAP World F-1 SCWFX 39.0% 18,400 1.08%
American Funds SMALLCAP World F-2 SMCFX 39.0% 18,400 0.82%
American Funds SMALLCAP World R4 RSLEX 39.0% 18,400 1.07%
American Funds SMALLCAP World R5 RSLFX 39.0% 18,400 0.77%
American Funds SMALLCAP World R6 RLLGX 39.0% 18,400 0.72%
AQR Global Equity I AQGIX 59.0% 397 0.97%
BlackRock Global Dividend Income Instl BIBDX 14.0% 1,000 1.00%
BlackRock Global Dynamic Equity Instl MAEGX 37.0% 642 1.03%
BlackRock Global Opportunities Inst BROIX 137.0% 313 1.06%
BlackRock Global SmallCap Instl MAGCX 82.0% 797 1.09%
Columbia Global Equity Z CGEZX 44.0% 372 1.11%
Davis Global A DGFAX 28.0% 121 1.05%
Davis Global A DGFSZ 28.0% 121 1.05%
Davis Global Y DGFYX 28.0% 121 0.76%
Dodge & Cox Global Stock DODWX 19.0% 1,900 0.66%
Dreyfus Global Stock I DGLRX 8.5% 586 0.93%
Dreyfus Worldwide Growth I DPWRX 7.9% 541 1.02%
Eaton Vance Global Dividend Income I EDIIX 124.0% 380 1.02%
Eaton Vance Tax-Managed Global Div Inc I EIDIX 101.0% 940 0.93%
Fidelity Worldwide FWWFX 203.0% 1,000 1.08%
FPA Paramount FPRAX 10.0% 243 0.93%
Goldman Sachs Equity Growth Strategy Ins GAPIX 18.0% 360 0.94%
Goldman Sachs Equity Growth Strategy IR GAPTX 18.0% 360 1.09%
Harding Loevner Global Equity Inst HLMVX 40.0% 245 0.95%
Henderson Global Equity Income Fund Class I HFQIX 127.0% 1,100 1.07%
ING Global Value Choice I NAWIX 67.0% 232 1.09%
Invesco Global Core Equity Institutional AWSIX 104.0% 1,300 0.98%
Invesco Global Core Equity Y AWSYX 104.0% 1,300 1.02%
Invesco Global Equity Instl GNDIX 86.0% 126 0.98%
Invesco Global Growth Y AGGYX 28.0% 296 1.07%
Janus Global Research Fund Class I JRGIX 78.0% 279 0.97%
Janus Global Research T JARFX 78.0% 279 1.11%
Janus Global Select Fund Class A JORAX 138.0% 2,300 1.08%
Janus Global Select Fund Class I JORFX 138.0% 2,300 0.84%
Janus Global Select T JORNX 138.0% 2,300 0.96%
Janus Worldwide Fund Class A JDWAX 88.0% 1,800 1.09%
Janus Worldwide Fund Class I JWWFX 88.0% 1,800 0.77%
Janus Worldwide T JAWWX 88.0% 1,800 0.97%
JHancock Global Opportunities I JGPIX 136.0% 668 1.10%
JHancock3 Global Shareholder Yield I JGYIX 19.0% 1,500 0.97%
MainStay Epoch Global Equity Yield I EPSYX 28.0% 1,300 0.94%
MFS Global Equity I MWEIX 16.0% 743 1.12%
MFS Global Equity R4 MWELX 16.0% 743 1.12%
Morgan Stanley Global Infrastructure I UTLDX 36.0% 339 0.89%
Morgan Stanley Inst Glbl Franchise I MSFAX 30.0% 284 1.00%
Mutual Global Discovery Z TEB1Z 33.6% 17,200 1.01%
Mutual Quest Z TEQ1Z 107.3% 4,800 0.86%
New Alternatives NALFX 21.4% 149 1.03%
Nuveen Global Infrastructure I FGIYX 42.0% 238 0.98%
Nuveen Tradewinds Global All-Cap I NWGRX 58.0% 708 0.99%
Oppenheimer Equity Inv Y OYAIX 5.0% 595 0.89%
Oppenheimer Global Opportunities Y OGIYX 41.0% 2,500 0.92%
Oppenheimer Global Y OGLYX 13.0% 7,800 0.90%
Perkins Global Value Fund Class I JPPIX 51.0% 113 0.92%
Perkins Global Value T JGVAX 51.0% 113 1.10%
PIMCO Equity Series Pathfinder Fund Class P PTHPX 35.0% 2,100 0.99%
PIMCO Equity Series Pathfinder Fund Institutional Class PTHWX 35.0% 2,100 0.89%
Russell LifePoints Eq Growth Strategy R1 RELRX 7.0% 1,100 1.05%
Steward Global Equity Income Inst SGISX 38.0% 115 0.70%
T. Rowe Price Global Stock PRGSX 71.4% 509 0.87%
T. Rowe Price Instl Global Equity TRGSX 82.4% 143 0.75%
T. Rowe Price Real Assets Fund PRAFX 30.0% 2,400 0.90%
Templeton Global Smaller Comp Ad TGSAX 23.3% 851 1.10%
Templeton Growth A TEP1Z 21.6% 13,500 1.08%
Templeton Growth A TEPLX 21.6% 13,500 1.08%
Templeton Growth Adv TGADX 21.6% 13,500 0.83%
Templeton World A TEMWX 16.1% 4,900 1.07%
Templeton World A TWF1Z 16.1% 4,900 1.07%
Templeton World Adv TWDAX 16.1% 4,900 0.82%
Thornburg Global Opportunities I THOIX 70.3% 336 0.99%
Thornburg Global Opportunities R5 THOFX 70.3% 336 0.99%
Vanguard Global Equity Inv VHGEX 44.0% 3,500 0.54%
Vanguard Total World Stock Index Fund Institutional Shares VTWIX 10.0% 1,700 0.20%
Vanguard Total World Stock Index Inv VTWSX 10.0% 1,700 0.40%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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