Fidelity Advisor Technology I
FATIX
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- Fidelity Advisor Technology Fund Class I (FATIX) is an actively managed mutual fund offered by Fidelity Investments that seeks capital appreciation by investing primarily in common stocks of companies principally engaged in offering, using, or developing products, processes, or services addressing technology-related needs; the fund normally invests at least 80% of assets in securities of such technology companies, including those in semiconductors (e.g., NVIDIA Corp., Marvell Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp.), software and services (e.g., Microsoft Corp.), hardware (e.g., Apple Inc., Cisco Systems Inc.), and related sectors like internet services and infrastructure, with a portfolio turnover rate of approximately 50%. Launched on September 3, 1996, and domiciled in the United States, the fund is headquartered with Fidelity Investments in Boston, Massachusetts, and primarily targets institutional investors with a minimum investment of $2,500; it operates within the technology sector segment of the equity mutual fund industry, focusing on growth-oriented holdings across U.S. and global markets, including significant positions in companies benefiting from artificial intelligence, compute infrastructure, multi-modal models, and large total addressable markets with low penetration. Portfolio manager Adam Benjamin has led the fund since July 2020, emphasizing undervalued technology firms in early growth phases with quantifiable drivers, competitive edges, and real customer traction; top holdings as of recent reports include NVIDIA Corp., Microsoft Corp., and Apple Inc., comprising a substantial portion of net assets. In recent developments, the fund maintained strong performance amid technology sector trends, with year-to-date returns exceeding 24% as of late 2025 and five-year average annual returns around 19.69%, driven by overweight positions in outperforming semiconductors and AI-related names like NVIDIA; Fidelity Investments, the fund family sponsor, launched new technology offerings for advisors in August 2024, including an all-in-one tech stack with eMoney Advisor and Advyzon, and FMAX Essentials managed account platform, though these target wealth management firms rather than the fund directly.