- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Advisor Series VII MA United States of America
- IPO Date
- Sep 30, 1996
- Business
- Fidelity Advisor Technology Fund (Class C: FTHCX) is an actively managed open-end mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of companies principally engaged in offering, using, or developing products, processes, or services that provide or benefit significantly from technological advances and improvements; the fund primarily invests in common stocks of domestic and foreign issuers across the technology sector, including semiconductors, software, hardware, communications equipment, and electronic components, with top holdings such as NVIDIA Corp., Microsoft Corp., Apple Inc., Cisco Systems Inc., and Marvell Technology Inc. representing approximately 68.84% of total net assets as of September 30, 2025. The fund offers multiple share classes including Class A (FADTX/FFONX), Class C (FTHCX/FFOQX), Class M (FATEX), Class I (FATIX), and Class Z (FIKHX), targeting individual investors, financial advisors, institutions, and retirement plans with a focus on long-term growth in the technology industry; portfolio composition includes approximately 95% stocks (90.63% domestic equities, 7.24% international), 2.12% cash and net other assets, and minor allocations to convertibles and preferred securities. Managed by Adam Benjamin since July 2020, with over 18 years of technology sector experience, the fund maintains a turnover rate of 51% and net assets of around $302.80 million as of April 30, 2025, benchmarked against the MSCI U.S. IMI Information Technology 25/50 Index and S&P 500. In November 2025, Fidelity completed a major reorganization merging the retail and advisor versions of the fund, transitioning certain share classes to new tickers such as FFONX for Class A and FFOQX for Class C to streamline operations, reduce expenses, and enhance scale, part of a broader series of equity fund mergers approved earlier in the year. The fund, part of Fidelity Investments' extensive lineup of over 35 sector mutual funds, was originally established in 1996 (with Class C shares launched in 1997) and is headquartered in Boston, Massachusetts, with global research support from equity professionals in the U.S., London, Hong Kong, and Tokyo.