Fidelity Advisor Industrials Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Advisor Industrials Fund held 50 positions with $2.04B in net assets. Its ten largest holdings made up 49.0% of the fund. The FCLAX share class costs 0.98% a year. Over the 12 months to May 2026, FCLAX returned 27.2%, with dividends reinvested. In 2026 Q3 it added 2 new positions and exited 2.
Fidelity Advisor Industrials Fund seeks capital appreciation.
The fund invests primarily in common stocks of companies engaged in industrial products, services, and equipment—including aerospace and defense, machinery, construction, transportation, and business support services—selected through fundamental analysis of financial condition, industry position, and market conditions. The fund normally maintains at least 80% of assets in industrial securities and may invest in both domestic and foreign issuers. As of December 11, 2025, the fund's 80% policy includes derivative instruments providing exposure to industrial investments or associated market risk factors.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
7.34% | $149.53M | 138.0K | $1,083.46 | |
6.88% | $140.28M | 483.8K | $289.93 | |
6.31% | $128.51M | 561.1K | $229.03 | |
TRANE TECHNOLOGIES PLC | 5.24% | $106.80M | 216.8K | $492.54 |
4.67% | $95.20M | 391.7K | $243.04 | |
4.22% | $85.95M | 94.5K | $909.42 | |
Fidelity Revere Street Trust | 4.14% | $84.27M | — | — |
EATON CORP PLC | 3.84% | $78.21M | 180.6K | $433.01 |
3.31% | $67.46M | 92.7K | $727.77 | |
3.04% | $61.95M | 69.6K | $890.11 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 50 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.41% |
| Cash & short-term | 4.76% |
By sector
- Industrials
- 86.9%
- International
- 9.6%
- Cash
- 2.0%
- Materials
- 1.2%
- 1 other sector
- 0.3%
- Industrials
- 86.9%
- International
- 9.6%
- Cash
- 2.0%
- Materials
- 1.2%
- Information Technology
- 0.3%
How it has done
FCLAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.99%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.98% | +27.24% | +115.55% | +103.05% | -12.36% | |
| 1.74% | +26.29% | +112.49% | +98.67% | -12.53% | |
| 1.23% | +26.93% | +113.92% | +100.43% | -12.42% | |
| 0.71% | +27.56% | +117.19% | +105.73% | -12.32% | |
| 0.59% | +27.71% | +118.00% | +106.95% | -12.27% | |
| 0.68% | — | — | — | — |
Fees & fund details
Fidelity Advisor Industrials Fund is an actively managed U.S. equity fund. 14% of FCLAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.59% – 1.74%· FCLAX 0.98%
- Portfolio turnover
- 29.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new
2 exited
Understand how this fund fits with the rest.
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