FNRCX

About FNRCX

Fidelity Advisor Energy Fund Class C is an actively managed mutual fund focused on the energy sector. Its primary objective is capital appreciation, achieved by investing at least 80% of its assets in common stocks of companies principally engaged in the energy industry. This includes firms operating in traditional sectors such as oil, gas, coal, and electricity, as well as those involved in emerging or alternative energy sources. The fund predominantly holds large-cap, value-oriented energy stocks, reflecting a strategy aimed at capturing long-term growth and income within the sector. Notable portfolio holdings often include major multinational energy corporations, representing a significant portion of the fund’s assets. With a relatively concentrated portfolio—over 66% of assets may be allocated to its top ten positions—the fund exhibits a focused approach to sector exposure. Its annual turnover rate is moderate, and it maintains a distribution yield that aligns with the industry average. Fidelity Advisor Energy Fund Class C serves investors seeking targeted access to the energy market, offering diversified exposure within a single sector through active management and ongoing research.