Fidelity Advisor Value Strategies Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Advisor Value Strategies Fund held 176 positions with $2.20B in net assets. Its ten largest holdings made up 16.4% of the fund. The FSOAX share class costs 0.96% a year. Over the 12 months to May 2026, FSOAX returned 40.9%, with dividends reinvested. In 2026 Q2 it added 81 new positions and exited 25.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.71% | $81.70M | 153.8K | $531.21 | |
Fidelity Revere Street Trust | 2.13% | $46.78M | — | — |
SNDKSANDISK CORP | 2.08% | $45.65M | 26.9K | $1,694.98 |
1.88% | $41.38M | 343.1K | $120.62 | |
Fidelity Revere Street Trust | 1.28% | $28.19M | — | — |
1.15% | $25.21M | 212.5K | $118.65 | |
1.12% | $24.68M | 192.4K | $128.25 | |
1.07% | $23.53M | 1.4M | $16.34 | |
1.03% | $22.63M | 274.4K | $82.48 | |
WEATHERFORD INTERNATIONAL PLC | 0.98% | $21.68M | 209.2K | $103.64 |
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.
All 176 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 | 98.69% |
| Cash & short-term | 3.41% |
By sector
- Industrials
- 21.0%
- Financials
- 14.7%
- Information Technology
- 13.1%
- International
- 11.7%
- 9 other sectors
- 39.4%
- Industrials
- 21.0%
- Financials
- 14.7%
- Information Technology
- 13.1%
- International
- 11.7%
- Health Care
- 9.2%
- Consumer Discretionary
- 6.6%
- Real Estate
- 5.1%
- Utilities
- 4.4%
- Energy
- 4.3%
- Cash
- 3.3%
- Materials
- 3.1%
- Consumer Staples
- 2.6%
- Communication Services
- 0.8%
How it has done
FSOAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.52%. Past returns are a record, not a forecast.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.96% | +40.86% | +72.86% | +65.03% | -18.84% | |
| 1.71% | +39.79% | +70.27% | +61.06% | -18.96% | |
| 1.21% | +40.53% | +71.63% | +63.13% | -18.91% | |
| 0.71% | +41.17% | +74.13% | +67.07% | -18.76% | |
| 0.66% | +41.26% | +74.31% | +67.29% | -18.74% | |
| 0.59% | +41.35% | +74.79% | +68.18% | -18.72% |
These classes hold the same portfolio, so the 7.12pp spread over 5 years is the cost difference between them — roughly 1.42pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.59% – 1.71%· FSOAX 0.96%
- Portfolio turnover
- 57.00% a year · as of 2026 Q1
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.
81 new· the largest 8
25 exited· the largest 8
Understand how this fund fits with the rest.
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