Fidelity Advisor Energy Fund Class M
FAGNX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Dec 29, 1987
- CIK
- 0000315700
- Similar Companies
- Business
- Fidelity Advisor Energy Fund Class M (FAGNX) is a mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of companies principally engaged in the energy field, including conventional areas such as oil, gas, electricity, and coal, as well as newer sources like nuclear, geothermal, oil shale, and solar power. The fund primarily holds common stocks of energy companies, with a portfolio allocation of approximately 90% to domestic equities, 9.75% to international equities in developed markets, and minimal exposure to cash and other assets; key sub-industries include integrated oil and gas (40.85%), oil and gas exploration and production (17.64%), oil and gas storage and transportation (14.22%), oil and gas equipment and services (11.69%), and oil and gas refining and marketing (11.18%). Top holdings as of August 31, 2025, feature Exxon Mobil Corp, Chevron Corp, Marathon Petroleum Corp, Cheniere Energy Inc, Cenovus Energy Inc, Energy Transfer LP, Valero Energy Corp, Canadian Natural Resources Ltd, Vistra Corp, and TechnipFMC plc, representing 68.97% of total net assets. Managed by Fidelity Investments, headquartered in Boston, Massachusetts, with administrative operations at 900 Salem Street, Smithfield, Rhode Island, the fund was incepted on December 29, 1987, and targets institutional and retail investors seeking sector-specific exposure in the equity energy category under Morningstar classification. Portfolio managers include Kristen Dougherty, who assumed responsibilities in November 2024, and Maurice FitzMaurice, managing since January 2020, marking a recent leadership transition to enhance strategic oversight amid volatile energy markets. As of September 30, 2025, the fund maintains portfolio assets of $944.3 million, a turnover rate of 15% as of July 2025, and a gross expense ratio of 1.23% for Class M shares. No major acquisitions, funding rounds, partnerships, or product launches have been announced in the last 1-2 years, reflecting a focus on core active management within the energy sector.