Fidelity Advisor Value Strategies Fund
Fidelity Advisor Series I · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Advisor Value Strategies Fund is an actively managed U.S. equity fund. 18% of FSOAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 83% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
Fidelity Advisor Value Strategies Fund seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of value companies, identified through metrics such as free cash flow yield above the equity market median, enterprise value relative to earnings below the median, or price-to-book and projected price-to-earnings ratios below the median. The adviser uses fundamental analysis of financial condition, industry position, and market conditions to select securities across market capitalizations, with a focus on medium-sized companies, and may invest in both domestic and foreign issuers. Because security selection depends on the adviser's assessment of which companies meet value criteria, fund holdings will differ from any benchmark.
| Share class | Expense ratio |
|---|---|
| FSOAX | 0.96% |
| FVCSX | 1.71% |
| FASPX | 1.21% |
| FASOX | 0.71% |
| FSLSX | 0.66% |
| FVSKX | 0.59% |
Portfolio turnover 57.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.69% |
| Cash & short-term | 3.41% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 20.4% |
| Financials | 14.7% |
| Information Technology | 13.1% |
| International | 12.2% |
| 9 smaller | 39.6% |
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).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +45.18% | -55.34% | -89.02% | 15.55% | -69.24% | |
| +44.10% | +29.75% | +2.87% | 15.55% | -21.36% | |
| +44.83% | -25.50% | -67.88% | 15.54% | -49.12% | |
| +45.55% | +65.52% | +69.37% | 15.55% | -18.76% | |
| +45.59% | +65.68% | +69.58% | 15.54% | -18.74% | |
| +45.71% | +66.14% | +70.51% | 15.57% | -18.72% |
These classes hold the same portfolio, so the 159.54pp spread over 5 years is the cost difference between them — roughly 31.91pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| WDC | WESTERN DIGITAL CORPWDC | 3.71% | $531.21 | $81.70M | 153.8K |
| — | Fidelity Revere Street Trust | 2.13% | — | $46.78M | — |
| SNDK | SANDISK CORPSNDK | 2.08% | $1,694.98 | $45.65M | 26.9K |
| ON | ON SEMICONDUCTOR CORPON | 1.88% | $120.62 | $41.38M | 343.1K |
| — | Fidelity Revere Street Trust | 1.28% | — | $28.19M | — |
| IMO | IMPERIAL OIL LTDIMO | 1.15% | $118.65 | $25.21M | 212.5K |
| IRM | IRON MOUNTAIN INCIRM | 1.12% | $128.25 | $24.68M | 192.4K |
| PCG | PG and E CORPPCG | 1.07% | $16.34 | $23.53M | 1.4M |
| DAL | DELTA AIR LINES INCDAL | 1.03% | $82.48 | $22.63M | 274.4K |
| — | WEATHERFORD INTERNATIONAL PLC | 0.98% | $103.64 | $21.68M | 209.2K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 16.43% of net assets, top 25 28.64%, across 175 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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