Fund Evaluator:
Fidelity Advisor Energy - Z (FFOHX)
Follow This Fund
Best Performing in Equity Energy Over the Last Year
| 68.0% | Rydex Energy Services Inv (RYVIX) |
| 37.3% | Fidelity Advisor Energy - Z (FFOHX) |
| 37.3% | Fidelity Select Energy Portfolio (FSENX) |
| 36.9% | Fidelity Advisor Energy - A (FFOBX) |
| 34.4% | Rydex Energy Inv (RYEIX) |
Fund Details
Fidelity Advisor Energy - Z Overview
Fidelity Advisor Energy - Z (FFOHX) is an actively managed Sector Equity Equity Energy fund. Fidelity Investments launched the fund in 2025.
The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the energy field, including the conventional areas of oil, gas, electricity, and coal, and newer sources of energy such as nuclear, geothermal, oil shale, and solar power. It invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.
About Fidelity Advisor Energy - Z (FFOHX)
There are 1 members of the management team with an average tenure of 1.63 years: Kristen Dougherty (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI US IMI/Energy 25-50 NR USD index with a weighting of 100%. Fidelity Advisor Energy - Z has 36 securities in its portfolio. The top 10 holdings constitute 67.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Advisor Energy - Z is part of the Equity global asset class and is within the Sector Equity fund group. Fidelity Advisor Energy - Z has 8.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.0%. There is 8.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Advisor Energy - Z has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $129 million in total assets, which is below the $418 million average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FFOHX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Advisor Energy - Z expense ratio is average compared to funds in the Equity Energy category. Fidelity Advisor Energy - Z has an expense ratio of 0.56%, which is 56% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Advisor Energy - Z has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 136% for the Equity Energy category.
Recently, in the month of June 2026, Fidelity Advisor Energy - Z returned -4.0%, which earned it a grade of B, as the Equity Energy category had an average return of -5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Advisor Energy - Z has a trailing yield of 0.00%, which is below the 1.40% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fidelity Advisor Energy - Z Grades
Year to date, the fund has returned 25.8%, 3.2 percentage points better than the category, which translates into a grade of A. The fund has returned 37.3% over the past year (grade of A), 15.4% over the past three years (grade of B) and 20.8% per year over the past five years (grade of A) and 8.7% per year over the past 10 years (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Fidelity Advisor Energy - Z, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
FFOHX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FFOHX Return (NAV) | -4.0% | -9.9% | 37.3% | 15.4% | 20.8% | 8.7% |
| FFOHX Grade | B | B | A | B | A | A |
| +/- Category | 1.2% | -0.5% | 2.4% | -0.2% | 3.3% | 2.4% |
| Equity Energy Avg | -5.2% | -9.4% | 34.9% | 15.6% | 17.5% | 6.4% |
| FFOHX Tax Cost Ratio | na | na | na | na | na | na |
FFOHX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FFOHX Return (NAV) | 25.8% | 10.5% | 4.3% | 0.9% | 63.0% | 55.3% | -32.5% | 9.9% | -24.9% | -2.6% | 33.8% |
| FFOHX Grade | A | C | C | C | A | B | C | B | B | B | A |
| +/- Category | 3.2% | -1.6% | -1.2% | -1.1% | 16.5% | 10.9% | -4.0% | 1.9% | 2.0% | 2.4% | 4.7% |
| Equity Energy Avg | 22.5% | 12.2% | 5.5% | 2.0% | 46.5% | 44.5% | -28.5% | 8.0% | -26.9% | -5.0% | 29.2% |
| Risk Measures | |
| Standard Deviation: | 19.3% |
| Total Risk Index: | 1.59 - High |
| Category Risk Index: | 1.01 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 0.04 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $3395 Mil |
| Fund Total Assets: | $ 129 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Dougherty Kristen (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 67.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 8.3% |
Portfolio Allocation |
|
| Domestic Stock: | 91.0% |
| Foreign Stock: | 8.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | November 6, 2025 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.56% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.27% |
| Share Class: | Fidelity Select Energy Portfolio |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
