Fidelity Advisor Materials I Fund (FMFEX) seeks capital appreciation. FMFEX normally invests at least 80% of assets in common stocks of companies principally engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods used in the industrial sector.
This Sector – Energy product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 1.8% and 5 year 9.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FMFEX’s performance, as of the last filing, when compared to funds in its category was in the top 2% over the past 1 year, and in the top 3% over the past 3 years and in the top 1% over the past 5 years.
The Fidelity Advisor Materials I fund, as of the last filing, allocates their fund in top three major groups; Foreign Stock, Large Value and Small Value. Further, as of the last filing, E.I. du Pont de Nemours & Co, WestRock Co and Monsanto Co were the top holdings for FMFEX.
This Zacks Rank #1 (Strong Buy) was incepted in September 1986 and is managed by Fidelity. FMFEX carries an expense ratio of 0.79% and requires a minimal initial investment of $ 2,500.
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