Fidelity Advisor Semiconductors Fund

Fidelity Advisor Series VII · 5 share classes

Actively managed U.S. equity fund
One fund, 5 share classes:FELAXFELCXFELTXFELIXFIKGX
$6.95B NAV
68 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Advisor Semiconductors Fund is an actively managed U.S. equity fund.

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Non-diversified

Fund profile

As filed in the prospectus · 2025 Q3

Fidelity Advisor Semiconductors Fund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment, using fundamental analysis of financial condition, industry position, and market conditions to select holdings. The fund normally allocates at least 80% of assets to semiconductor and equipment companies, with additional exposure to electronic components, distributors, and related vendors. Because security selection depends on the manager's assessment of individual issuers, fund holdings will differ from any benchmark.

Expenses
0.57% 1.69%across 5 share classes
Share classExpense ratio
FELAX0.94%
FELCX1.69%
FELTX1.19%
FELIX0.69%
FIKGX0.57%

Portfolio turnover 65.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.80%
of net assets
Stocks97.25%
Cash & short-term4.55%
Bonds0.01%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology81.4%
International13.6%
Cash4.5%
Other0.6%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 14 new6 exited

Largest new: ARM HOLDINGS LIMITED, KLAC, ELEMENT LABS LTD, AMAT, CREDO TECHNOLOGY GROUP HOLDING LTD, FRORE SYSTEMS INC, CEREBRAS SYSTEMS INC, MENLO MICRO INC

Largest exited: ADI, CELESTIAL AI INC ×4, WOLFSPEED INC

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+157.04%+13.17%-67.72%39.40%-61.40%
+155.11%+229.49%+205.16%39.38%-25.69%
+156.38%+88.64%-5.66%39.39%-39.57%
+157.73%+319.44%+398.37%39.41%-19.70%
+157.94%+320.85%+401.31%39.41%-19.68%

These classes hold the same portfolio, so the 469.03pp spread over 5 years is the cost difference between them — roughly 93.81pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
0.15%
Avg maturity
0.67 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA21.81%$1.52B
BROADCOM INCAVGO12.87%$894.62M
MARVELL TECHNOLOGY INCMRVL9.01%$626.76M
MONOLITHIC POWER SYSTEMS INCMPWR6.59%$458.01M
NXP SEMICONDUCTORS NV6.38%$443.32M
ON SEMICONDUCTOR CORPON5.45%$378.95M
GLOBALFOUNDRIES INC4.19%$291.58M
LAM RESEARCH CORPLRCX4.08%$283.42M
ASML HOLDING NV3.90%$271.32M
ASTERA LABS INCALAB3.60%$250.23M
Showing 10 of 68Sign in to see more

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.

Top 10 positions are 77.86% of net assets, top 25 100.15%, across 46 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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