About FMFEX
Fidelity Advisor Materials Fund Class I is an actively managed mutual fund with a primary focus on capital appreciation. The fund invests at least 80% of its assets in companies principally engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods. This positions the fund squarely within the materials sector, covering industries such as chemicals, metals, mining, and construction materials, which are critical to global industrial and economic activity.
The portfolio is non-diversified, allowing for concentrated exposure to leading companies in the sector, both in the United States and abroad. Top holdings often include firms like Linde PLC, Ecolab Inc, and Dow Inc, indicating an emphasis on large, established players in basic materials. The fund employs fundamental analysis, evaluating each issuer's financial health, industry position, and the broader economic landscape to make investment decisions.
Fidelity Advisor Materials Fund Class I serves institutional and eligible investors seeking exposure to the natural resources and materials sectors. It plays a significant role in sector-based allocation strategies, especially for those aiming to track or outperform benchmarks tied to raw material supply chains and industrial production.
Fund Family Fidelity
Category Natural Resources
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FMFEX
Share Class Class I
Index S&P 500 TR
FMFEX had a total return of 19.17% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.22%.
