Fidelity Advisor Mid Cap II M
FITIX
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
- Aug 16, 2004
- CIK
- 0000722574
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Mid Cap II Fund Class M (FITIX) is an actively managed open-end mutual fund offered by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, focusing on long-term capital growth by investing primarily in equity securities of companies located in the United States with market capitalizations between $1 billion and $25 billion. The fund employs a bottom-up investment approach, selecting stocks across various sectors including information technology, industrials, financials, health care, and consumer discretionary; it may also invest in foreign securities, preferred stocks, and debt obligations, while maintaining flexibility to allocate up to 30% of assets in small-cap or mega-cap companies. Managed by Fidelity's team of portfolio managers, including seasoned professionals like J. Ferguson and N. Furlong, the fund targets mid-cap companies demonstrating strong fundamentals, competitive advantages, and growth potential, serving individual and institutional investors seeking diversified exposure to the U.S. mid-cap equity market. Headquartered in Boston, Massachusetts, the fund operates under the Fidelity Advisor Funds family, which traces its roots to Fidelity Investments' founding in 1946, and is distributed nationwide through financial advisors, broker-dealers, and retirement plans. Geographically, its portfolio emphasizes U.S.-domiciled issuers but includes limited international holdings for diversification. The fund features Class M shares with a minimum initial investment of $0 for retirement accounts and $2,500 for other accounts, alongside other share classes like A, C, T, and Z, each with distinct expense ratios and fee structures. In recent developments, Fidelity Investments announced enhancements to its Advisor funds lineup in 2024, including lower expense ratios for select mid-cap strategies amid competitive pressures in the active equity space; FITIX specifically benefited from portfolio optimizations aimed at improving tax efficiency and reducing turnover. The fund also integrated ESG (environmental, social, and governance) screening options for eligible accounts as part of Fidelity's broader sustainability initiatives launched in late 2023. No major mergers, acquisitions, or name changes have occurred within the past two years, though Fidelity continues to expand its mid-cap offerings through strategic reallocations and manager tenures exceeding a decade for key personnel.