Fidelity Agricultural Productivity Fund
FARMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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 02210
- IPO Date
- Apr 16, 2020
- CIK
- 0001364924
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Agricultural Productivity Fund (FARMX) is an open-end equity mutual fund that seeks long-term growth of capital by investing at least 80% of its assets in securities of companies engaged in agricultural productivity. The fund normally invests primarily in equity securities of companies involved in farm machinery, farm machinery parts and equipment; irrigation systems; agricultural efficiency and services; agricultural science and biotechnology; fertilizers; pesticide and crop protection products; seed manufacturing; crop chemicals; agricultural products and processors; processed food producers; aquatic farming; and livestock services. It is non-diversified and benchmarked against the MSCI ACWI Select Agricultural Productivity Investable Market Index (IMI) 25/50 Net Return USD Index. As of late 2024, top holdings include Deere & Co., Corteva Inc., Nutrien Ltd., Bunge Global SA, Ingredion Inc., Archer-Daniels-Midland Co., CF Industries Holdings Inc., Cranswick PLC, CNH Industrial NV, and The Toro Co., representing a significant concentration in basic materials, industrials, and consumer defensive sectors with approximately 71% U.S. stocks, 22% non-U.S. stocks, and minimal cash. Launched on April 16, 2020, the fund is part of Fidelity Summer Street Trust and managed by Fidelity Management & Research Company LLC, with co-management from Fidelity entities in the U.K., Hong Kong, and Japan. It is domiciled in the United States with total net assets of approximately $44.83 million USD and a net expense ratio of 0.95%. The fund employs a fundamental analysis approach with bottom-up stock picking, targeting growth and value stocks across diversified market capitalizations in global public equity markets, primarily within the consumer staples sector encompassing food, beverage, tobacco, food products, agricultural products, and services. Geographic exposure spans the United States (approximately 71%), Canada, the United Kingdom, developed Asia, and Europe ex-Eurozone, serving institutional and retail investors seeking exposure to the natural resources category, specifically agricultural productivity. In recent developments, the fund underwent a management transition with David Wagner appointed as portfolio manager effective November 1, 2024, and Kyle Willinger joining on December 10, 2024. No major acquisitions, funding rounds, partnerships, new product launches, or strategic shifts specific to the fund have been reported in the last 1-2 years, reflecting stable operations amid its focus on long-term capital appreciation.