Guide to Fidelity Advisor Technology I Fund (FATIX)

Fidelity Advisor Technology I (FATIX) a Zacks Rank #2 (Buy) invests the majority of its assets in securities of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

This Sector - Tech fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and Emerging Market. Further, as of the last filing, ALPHABET INC, APPLE INC and FACEBOOK INC were the top holdings for FATIX.

The Fidelity Advisor Technology I fund, managed by Fidelity, carries an expense ratio of 0.74%. Moreover, FATIX requires a minimal initial investment of $2,500.

FATIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 12.91%, 3 year 13.46% and 5 year 14.06%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

FATIX’s performance, as of the last filing, when compared to funds in its category was in the top 19% in 1 year, top 30% over the past 3 years, and in the 33% over the past 5 years.

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