Fidelity Advisor Financial Services Fund
FFSIX
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
- Boston, MA 02109 Boston MA United States of America 02109
- IPO Date
- Aug 30, 1996
- CIK
- 0000315700
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Financials Fund Class I (FFSIX) is an open-end mutual fund that normally invests at least 80% of its assets in securities of companies principally engaged in the financial services industry, including domestic and foreign issuers; it employs fundamental analysis of factors such as each issuer's financial condition, industry position, economic and market influences, and other company-specific factors. The fund provides Class I shares with an institutional share class structure, a net expense ratio of 0.72%-0.75%, and focuses on mid-cap value stocks within the Morningstar Financial category, with key holdings including Mastercard Inc (10.45%), Wells Fargo & Co (6.21%), Bank of America Corp (5.33%), Citigroup Inc, Charles Schwab Corp, and Chubb Ltd; total net assets stand at approximately $692-$712 million, with a portfolio turnover rate of 44%. Launched on September 3, 1996, the fund is domiciled in the United States and managed by Fidelity Management & Research Company LLC (FMRCo), headquartered in Boston, Massachusetts, which was founded in 1946 as part of Fidelity Investments. The fund targets investors seeking exposure to financial services companies across banking, insurance, investment services, consumer finance, and related sub-sectors, with approximately 92% U.S. stocks, 7% non-U.S. stocks, and minimal cash; it operates primarily in North American and global markets through its equity investments. In recent developments, Fidelity Investments has undertaken a series of strategic fund mergers and name changes across its Advisor and sector funds as of late 2025, including the approved merger of Fidelity Advisor Large Cap Fund into Fidelity Large Cap Stock Fund (shareholder approval October 15, 2025) and Fidelity Advisor Overseas Fund into Fidelity Overseas Fund (approved September 17, 2025), aimed at consolidating share classes, reducing expenses, and streamlining offerings; while FFSIX was not directly involved, these reorganizations reflect broader operational shifts within Fidelity's equity fund lineup to enhance efficiency and investor access through new Advisor classes in acquiring funds.