Fidelity Advisor Semiconductors Fund Class A
FELAX
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ROIC.AI
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- Fidelity Advisor Semiconductors Fund Class A (FELAX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of companies engaged in the design, manufacture, or sale of semiconductors and related equipment. The fund allocates at least 80% of its assets to securities of semiconductor companies, including integrated circuit designers, manufacturers, and equipment suppliers; it may also invest in other technology-related firms such as those in electronic components, software for chip design, and semiconductor materials providers. Fidelity Management & Research Company LLC (FMRCo), headquartered in Boston, Massachusetts since its founding in 1946 as part of Fidelity Investments, serves as the investment adviser, with the fund operating within the broader Fidelity family of funds targeting institutional and retail investors focused on the technology sector. The fund's portfolio emphasizes U.S.-listed companies but maintains flexibility for international exposure, primarily in North America, Europe, and Asia-Pacific regions where semiconductor production clusters exist; key target markets include growth-oriented investors seeking exposure to the cyclical semiconductor industry. Recent strategic shifts include enhanced focus on artificial intelligence and high-performance computing chips amid the 2024-2025 AI boom, leading to increased holdings in leading firms driving these trends; in late 2024, the fund participated in Fidelity's broader platform upgrades, including integration of ESG screening options for certain share classes and expanded access via Fidelity's digital robo-advisory services. No major acquisitions or name changes have occurred in the last two years, though Fidelity Investments announced a multi-billion dollar expansion of its technology infrastructure in 2025 to support funds like FELAX amid rising demand for sector-specific analytics and trading tools.