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Fidelity Advisor® Materials C FMFCX

Analyst rating as of
NAV / 1-Day Return
85.08  /  1.31 %
Total Assets
1.2 Bil
Adj. Expense Ratio
1.780%
Expense Ratio
1.780%
Fee Level
Low
Longest Manager Tenure
2.64 years
Category
Natural Resources
Investment Style
Mid Blend
Min. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
43%

Morningstar’s Analysis

Will FMFCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Fidelity Select Materials Manager to Retire in December 2022; Comanager Added and Ratings Unchanged

Analyst

Analyst Note

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On April 1, 2022, Fidelity announced that Jody Simes, manager of Fidelity Select Materials since November 2019, will retire at the end of 2022. The firm has added Ashley Fernandes, its experienced global energy and materials sector leader, as a comanager in anticipation of taking over for Simes. Given Fernandes’ relevant background, a reasonable transition period, and no anticipated changes to the investment approach, the strategy’s Morningstar Analyst Ratings and Pillar ratings are unchanged.

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