Fidelity Utilities Fund
FIUIX
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
- Nov 27, 1987
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Telecom and Utilities Fund (FIUIX) is an open-end mutual fund managed by Fidelity Investments that seeks high total return through a combination of current income and capital appreciation by investing primarily in common stocks of telecommunications services companies and utility companies. The fund normally invests at least 80% of its assets in securities of these sectors, including domestic and foreign issuers, with a portfolio heavily weighted toward U.S. equities (approximately 95%), followed by minor exposures to Canada, Eurozone countries, and the United Kingdom; key sectors include utilities (around 66%), communication services (around 27%), industrials, and energy, while top holdings typically feature large-cap names such as Verizon Communications Inc., NextEra Energy Inc., Constellation Energy Corp., Vistra Corp., Duke Energy Corp., Sempra, T-Mobile US Inc., and Exelon Corp. It offers quarterly dividend distributions in March, June, September, and December, with capital gains paid twice annually in March and December, and maintains a no-load share class structure with a net expense ratio of approximately 0.66% to 0.72%, below the category average. Launched on November 27, 1987, the fund is headquartered in Boston, Massachusetts, as part of Fidelity Investments' sector-specific equity offerings, targeting investors seeking exposure to defensive sectors with income and growth potential; it operates within the Morningstar Utilities category under a large value investment style and manages net assets of around $1.55 billion to $2.0 billion. In recent developments, Pranay Kirpalani assumed the role of lead portfolio manager in December 2024, with possible co-management involvement from Nicole Abernethy, reflecting a strategic management transition amid strong performance including 3-year annualized returns of approximately 15.5% and 5-year returns of 12.5%; the fund has sustained a Zacks Mutual Fund Rank of #2 (Strong Buy) and delivered solid year-to-date gains in 2025 driven by sector tailwinds such as easing interest rates, rising power demand, and grid infrastructure upgrades. No major acquisitions, mergers, funding rounds, or product launches directly affect FIUIX itself within the last 1-2 years, though Fidelity Investments continues broader sector fund consolidations unrelated to this fund.