Is Fidelity Advisor Technology I (FATIX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2024
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Source: NASDAQ.COM
- FATIX Fund Overview: Fidelity Advisor Technology I (FATIX) is a Sector - Tech fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), managed by Adam Benjamin since July 2020.
- Investment Performance: FATIX has a 5-year annualized total return of 25.05% and a 3-year annualized total return of 14.26%, placing it in the top third among its peers.
- Risk Factors: The fund has a 5-year beta of 1.22, indicating higher volatility than the market, but has shown positive alpha over the past 5 years.
- Holdings and Expenses: FATIX focuses on U.S.-traded equities, with 75.94% of assets in stocks and an expense ratio of 0.71%, lower than the category average of 1.01%.
- Recommendation: With a high Zacks Mutual Fund rank, strong performance, lower fees, and manageable downside risk, FATIX appears to be a promising choice for investors interested in Sector - Tech funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
