Fidelity Advisor Semiconductors Fund
FELIX
NASDAQ- -
USD
- -
- -
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
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 2210
- IPO Date
- Dec 27, 2000
- CIK
- 0000315700
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Semiconductors Fund (FELIX) is an open-end mutual fund that invests primarily in equity securities of companies engaged in the design, manufacture, sale, or distribution of semiconductors and related semiconductor equipment; it normally allocates at least 80% of assets to such securities of domestic and foreign issuers, employing fundamental analysis of issuers' financial condition, industry position, and market and economic conditions, and is classified in the Morningstar Technology category. The fund offers Class I shares (FELIX) with a gross expense ratio of 0.70%, alongside other share classes including Class A (FELAX), Class C (FELCX), and Class M (FELTX), targeting institutional and retail investors seeking exposure to the semiconductors industry; top holdings as of recent periods include NVIDIA Corp (approximately 26%), Broadcom Inc (14%), NXP Semiconductors NV, Taiwan Semiconductor Manufacturing Co Ltd ADR, and Marvell Technology Inc, representing over 80% of portfolio assets in semiconductors with modest allocations to semiconductor materials and equipment, technology hardware, and cash equivalents. Launched on December 27, 2000, and managed by Fidelity Investments from its headquarters at 245 Summer Street, Boston, Massachusetts, the fund maintains a non-diversified strategy with portfolio assets exceeding $4 billion as of September 2025, benchmarking against the MSCI U.S. IMI Semiconductors & Semiconductor Equipment 25/50 Index and S&P 500. In the fiscal year ended July 31, 2025, Class I shares delivered a 23.00% total return, outperforming the benchmark's 17.02% amid volatility from artificial intelligence demand, excess non-AI chip inventories, and U.S. tariff policy shifts; portfolio manager Adam Benjamin, who has managed the fund since March 16, 2020, emphasized ongoing AI-driven innovation cycles, with relative performance boosted by overweight positions in Astera Labs (+208%) and Taiwan Semiconductor Manufacturing (+47%), though detracted by underweights in Broadcom and exposures to GlobalFoundries, NXP Semiconductors, and ON Semiconductor amid non-AI inventory corrections. The fund has sustained top-decile five- and ten-year annualized returns of approximately 32% and 28%, respectively, through active stock selection in a specialized sector, with no major mergers, acquisitions, partnerships, or structural changes reported in the past 1-2 years, though Fidelity Investments broadly reorganized certain select/sector portfolios in 2025 without direct impact on FELIX.