About FASOX
Fidelity Advisor Value Strategies Fund Class I is an actively managed mutual fund focused on seeking capital appreciation by investing predominantly in companies considered undervalued relative to their assets, earnings, sales, or growth potential. Targeting primarily mid-cap equities, the fund allocates across both domestic and international markets, with flexibility to invest in larger or smaller firms as opportunities arise. The investment team applies a bottom-up, fundamental research-driven approach to identify “value” stocks, those with favorable prices compared to their intrinsic worth. Sector allocation is diversified across industries such as healthcare, energy, utilities, real estate, and financial services, aiming to mitigate risk while capturing growth potential. The fund typically holds over one hundred positions, with its top holdings representing key players in their respective sectors. It is benchmarked to the Russell Midcap Value Index, reflecting its strategy within the mid-cap value space. The fund’s long-term perspective and emphasis on undervalued companies make it a notable choice for investors seeking exposure to potential market inefficiencies in the mid-cap segment.
Fund Family Fidelity
Category Mid-Cap Value
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol FASOX
Share Class Class I
Index Russell MidCap Value TR
FASOX had a total return of 27.73% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.20%.
