Fidelity Select Telecommunications Portfolio
FTUAX
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 2210
- IPO Date
- Dec 1, 2005
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Telecommunications Fund - Class A (FTUAX) is a mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of companies principally engaged in the development, production, manufacturing, or sale of telecommunications services, facilities, equipment, or technology. The fund normally invests primarily in common stocks of domestic and foreign issuers, including those engaged in wireless, satellite, cable, or fixed-line telecommunications; semiconductor production for telecom equipment; and related technology services such as data transmission and internet infrastructure. It offers exposure to the communications sector, with top holdings including Verizon Communications Inc., AT&T Inc., T-Mobile US Inc., Frontier Communications Parent Inc., and Telephone and Data Systems Inc., representing over 60% of the portfolio; the fund maintains a net expense ratio of 1.05% and is available for sale in the United States. Headquartered in Boston, Massachusetts, at Fidelity Investments' 245 Summer Street address, the fund launched on December 12, 2006, as part of Fidelity's Advisor series, which is managed within the broader Fidelity family of sector-specific Select portfolios. It targets investors seeking concentrated exposure to the telecommunications industry segment, focusing on mid-cap value stocks within the Morningstar Communications category, with approximately 90% of assets in U.S. equities and the balance in non-U.S. stocks. Recent management changes include the appointment of Alex Boyajian as co-portfolio manager on August 22, 2025, alongside incumbent Nicole Abernethy, who has managed the fund since August 17, 2020; this transition aims to enhance the fund's strategic oversight amid evolving sector dynamics. The fund benefited from portfolio positioning during key industry events, such as U.S. Cellular's May 2025 announcement to sell its wireless operations and spectrum assets to T-Mobile, contributing to strong performance with retail class shares gaining 34.31% for the fiscal year ending February 28, 2025. No mergers, acquisitions, or major reorganizations specific to FTUAX were reported in 2025, distinguishing it from other Fidelity sector funds undergoing consolidation.