Fidelity Mid Cap Value Fund
FMPOX
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 3, 2006
- CIK
- 0000035341
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Mid Cap Value Fund Class I (FMPOX) is an open-end mutual fund managed by Fidelity Investments that seeks long-term growth of capital by investing primarily in securities of medium market capitalization companies exhibiting value characteristics. The fund normally invests at least 80% of its assets in common stocks of companies with market capitalizations similar to those in the Russell Midcap Value Index or the Russell Midcap Index; it emphasizes companies with lower price-to-book ratios and lower forecasted growth values relative to peers; the fund may also invest in domestic and foreign issuers, including smaller or larger market capitalization companies, fixed-income securities, and derivatives for hedging or efficient portfolio management. Top holdings as of recent data include Western Digital Corp (1.85%), Reliance Inc (1.33%), Sempra (1.20%), First Solar Inc (1.08%), and Cummins Inc (1.06%), with sector allocations spanning technology, basic materials, utilities, industrials, and financial services. The fund operates within the mid-cap value category, targeting institutional and retail investors seeking exposure to undervalued mid-sized U.S. equities. Launched in February 2007 as part of the Fidelity Advisor series, the Institutional Class (FMPOX) shares its investment strategy with related share classes and is headquartered in Boston, Massachusetts, the base of parent company Fidelity Investments. Fidelity Investments, founded in 1946, oversees the fund through portfolio managers including Neil Nabar, who has managed the fund since July 2021, supported by a team with an average of several years at Fidelity and on similar funds. The fund maintains assets under management of approximately $1.73 billion across classes, with FMPOX holding about $123 million, and features a net expense ratio in the middle quintile for its peer group. Recent developments include ongoing portfolio management under the current team since 2021, with no major mergers, acquisitions, or name changes reported for FMPOX in the last 1-2 years; Fidelity Investments as a whole continues to assess its product lineup for consolidations to benefit shareholders, as seen in prior Advisor fund mergers into retail counterparts, though FMPOX remains active. The benchmark Russell Midcap Value Index adopted a quarterly capping methodology effective March 24, 2025, limiting any single constituent to no more than 22.5% of index weight to enhance diversification, influencing the fund's reference universe. No significant new product launches, partnerships, funding rounds, or strategic shifts specific to FMPOX were noted in 2024-2025, reflecting stable operations amid Fidelity's broader focus on brokerage, advice, and venture capital services.