Fidelity Infrastructure Fund
FNSTX
NASDAQ- -
USD
- -
- -
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
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 5, 2019
- CIK
- 0000744822
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Infrastructure Fund (FNSTX) is an actively managed open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its assets in equity securities of companies primarily engaged in owning, operating, developing, distributing, or servicing infrastructure-related assets, including utilities, industrials, energy, transportation, engineering and construction, and technology-enabled infrastructure; the fund is non-diversified and maintains a portfolio turnover rate of approximately 74%, with top holdings as of recent reports including NVIDIA Corp., NextEra Energy Inc., Constellation Energy Corp., Vistra Corp., Sempra, Duke Energy Corp., Cheniere Energy Inc., and international names such as Aena SME SA and National Grid PLC, representing over 43% of assets across U.S. (67%) and non-U.S. (30%) stocks. Sector allocations emphasize utilities (around 50%), industrials (19%), information technology (18%), and energy (9%), targeting institutional and retail investors focused on infrastructure themes amid global energy transitions and digital expansion. Launched on November 5, 2019, the fund is managed by Fidelity Investment Trust, with portfolio management tenure dating to inception and headquartered at Fidelity Distributors Company LLC in Smithfield, Rhode Island, operating primarily in U.S. and global markets without noted subsidiaries or parent fund relationships. Recent portfolio adjustments reflect significant increases in holdings such as AES Corp. (124% ownership growth reported in early 2025) and Advanced Micro Devices Inc., alongside overweight positions in high-growth names like NVIDIA and Broadcom amid AI and power infrastructure demand, with assets under management expanding to over $101 million and a net expense ratio of 0.95% as of late 2025. No major acquisitions, partnerships, funding rounds, or strategic reorganizations have been publicly announced for the fund in the last 1-2 years, though performance has ranked in the top quartile of infrastructure peers, with YTD returns exceeding 30% through October 2025 driven by sector tailwinds.