Fidelity Advisor Gold I
FGDIX
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 2210
- IPO Date
- Dec 1, 2005
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Gold Fund - Class I (FGDIX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in securities of companies engaged in gold-related activities, including exploration, mining, processing, or dealing in gold, as well as bullion and coins; it normally invests at least 80% of assets in such securities and up to 25% in gold and other precious metals through a wholly-owned subsidiary. The fund targets the equity precious metals sector, with a portfolio heavily weighted toward common stocks of mid-cap growth companies, including top holdings such as Agnico Eagle Mines Ltd (15%), Franco-Nevada Corp (10%), Newmont Corporation (8%), Wheaton Precious Metals Corp (8%), and Barrick Gold Corp (5%); diversification emphasizes basic materials (98% of assets), with geographic exposure primarily in Canada (78%), the United States (10%), Africa (7%), Australasia (2%), and emerging Asia (1%). Fidelity Investments, the fund's manager and parent company founded in 1946 and headquartered in Boston, Massachusetts, offers the Class I shares with a net expense ratio of 0.72%, total net assets of $3.61 billion for the fund and $200 million for the share class, and availability to institutional investors in the United States. In recent developments as of December 2024, Boris Shepov became the sole portfolio manager, succeeding prior co-managers, amid a strategic repositioning toward higher-quality gold stocks with medium-term growth potential and away from earlier-stage producers in riskier jurisdictions; this shift occurred alongside a sharp rally in gold-mining stocks over the prior six months driven by policy uncertainty, with the fund's assets under management reflecting strong performance in the sector through 2025.