About FGDTX
Fidelity Advisor Gold Fund Class M is an equity mutual fund that primarily seeks capital appreciation by investing at least 80% of its assets in companies principally engaged in gold-related activities. This fund typically focuses on businesses involved in the exploration, mining, processing, or distribution of gold and, to a lesser extent, other precious metals and minerals such as silver, platinum, and diamonds. The portfolio may include direct investments in gold bullion or coins, as well as companies that manufacture or distribute precious metal products, like jewelry and watches. The fund’s holdings are diversified across major North American, Australian, and South African mining firms, with a large concentration in the basic materials sector. By targeting the precious metals industry, the Fidelity Advisor Gold Fund Class M offers exposure to a segment that often behaves differently from the broader equity market, providing investors with potential diversification benefits and a hedge against certain market or economic cycles. Its management is supported by a team with significant experience in the resources sector, and the fund is recognized within the Equity Precious Metals category for its focused investment strategy and longstanding tenure in the market.
Fund Family Fidelity
Category Equity Precious Metals
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FGDTX
Share Class Class M
Index S&P 500 TR
FGDTX had a total return of 71.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.63%.
