Fidelity Advisor Materials Fund Class C
FMFCX
NASDAQ- -
USD
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- -
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
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Dec 1, 2005
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Materials Fund Class C (FMFCX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in common stocks of companies principally engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods; such investments include securities of companies in the basic materials sector, encompassing industrial gases (e.g., Linde plc, Air Products and Chemicals Inc.), specialty chemicals (e.g., Ecolab Inc.), fertilizers and agricultural chemicals (e.g., Mosaic Co., Corteva Inc.), metals and mining, paper products, and related sub-industries. The fund maintains at least 80% of its assets in such securities, with a portfolio typically featuring 40-50 holdings, diversified across U.S. (approximately 85%) and non-U.S. stocks (approximately 15%, including Canada and Eurozone exposure), and a net expense ratio of 1.74%; it targets institutional and retail investors seeking sector-specific exposure in the natural resources category. Headquartered in Boston, Massachusetts, the fund's share class was incepted on December 12, 2006, drawing from the underlying Fidelity Select Materials Portfolio established in 1986. The fund operates globally with primary emphasis on U.S.-listed equities while including international holdings in materials-related firms; it serves financial advisors, retirement plans, and individual investors through multiple share classes (including A, M, I, and Z counterparts) under Fidelity's Advisor fund lineup, with total net assets for the complex around $729 million as of recent reports. Portfolio management is led by Ashley Fernandes, who assumed responsibility on April 1, 2022, employing fundamental analysis of company financials, industry positioning, and market conditions within Fidelity's global cyclicals team; top holdings as of late 2025 include Linde plc (17.65%), Ecolab Inc. (9.00%), Air Products and Chemicals Inc. (5.44%), Corteva Inc. (5.03%), and Mosaic Co. (4.62%), representing about 42% of assets. In recent strategic developments, Fidelity Investments announced in July 2025 a series of mergers for select sector funds, including plans to consolidate certain Advisor funds into their retail Select Portfolio counterparts to enhance scale, diversify cash flows, and reduce fees—though Fidelity Advisor Materials Fund Class C (FMFCX) was not among the explicitly listed targets closing prior to October 16, 2025; the fund continues active management amid favorable supply-demand profiles in industrial gases and fertilizers, with quarterly reviews highlighting overweight positions in these areas as of September 30, 2025.