Fund Evaluator:
Fidelity Advisor Gold A (FGDAX)
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Best Performing in Equity Precious Metals Over the Last Year
| 58.5% | US Global Investors World Prec Mnral (UNWPX) |
| 58.2% | Midas Discovery (MIDSX) |
| 56.4% | US Global Investors Gld & Prec Mtls (USERX) |
| 56.1% | Sprott Gold Equity Investor (SGDLX) |
| 54.5% | Gabelli Gold I (GLDIX) |
Fund Details
Fidelity Advisor Gold A Overview
Fidelity Advisor Gold A (FGDAX) is an actively managed Sector Equity Equity Precious Metals fund. Fidelity Investments launched the fund in 2006.
The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in gold-related activities, and in gold bullion or coins. It invests up to 25% of assets in gold and other precious metals through a wholly-owned subsidiary. The fund invests primarily in common stocks and in certain precious metals. It invests primarily in companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals. The fund is non-diversified.
About Fidelity Advisor Gold A (FGDAX)
There are 1 members of the management team with an average tenure of 1.64 years: Boris Shepov (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 S&P Global BMI Gold Capped 20/45 index with a weighting of 100%. Fidelity Advisor Gold A has 43 securities in its portfolio. The top 10 holdings constitute 68.1% 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 Gold A is part of the Equity global asset class and is within the Sector Equity fund group. Fidelity Advisor Gold A has 77.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 22.6%. There is 77.5% 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 Gold A has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $231 million in total assets, which is below the $423 million average for the Equity Precious Metals 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.
FGDAX 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 Gold A expense ratio is high compared to funds in the Equity Precious Metals category. Fidelity Advisor Gold A has an expense ratio of 0.94%, which is 26% lower than its category average, making the fund expense ratio grade a B. 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 Gold A has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 58% for the Equity Precious Metals category.
Recently, in the month of July 2026, Fidelity Advisor Gold A returned -1.6%, which earned it a grade of C, as the Equity Precious Metals category had an average return of -1.8%. 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 Gold A has a trailing yield of 5.70%, which is above the 5.68% 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 Gold A Grades
Year to date, the fund has returned -10.4%, 0.8 percentage points better than the category, which translates into a grade of B. The fund has returned 41.8% over the past year (grade of F), 33.4% over the past three years (grade of D) and 14.2% per year over the past five years (grade of F) and 8.0% per year over the past 10 years (grade of F).
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FGDAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FGDAX Return (NAV) | -1.6% | -14.1% | 41.8% | 33.4% | 14.2% | 8.0% |
| FGDAX Grade | C | B | F | D | F | F |
| +/- Category | 0.2% | 1.1% | -7.7% | -2.8% | -2.6% | -1.9% |
| Equity Precious Metals Avg | -1.8% | -15.2% | 49.5% | 36.3% | 16.9% | 9.9% |
| FGDAX Tax Cost Ratio | na | na | 1.7% | 1.0% | 0.7% | 0.6% |
FGDAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FGDAX Return (NAV) | -10.4% | 142.2% | 14.6% | -0.6% | -13.7% | -10.7% | 26.5% | 35.1% | -13.3% | 8.3% | 46.8% |
| FGDAX Grade | B | D | C | F | D | D | D | F | B | D | D |
| +/- Category | 0.8% | -11.5% | 0.5% | -5.2% | -0.2% | -1.3% | -5.5% | -7.0% | 1.1% | -0.8% | -4.6% |
| Equity Precious Metals Avg | -11.2% | 153.6% | 14.1% | 4.6% | -13.5% | -9.4% | 32.0% | 42.1% | -14.4% | 9.1% | 51.4% |
| Risk Measures | |
| Standard Deviation: | 34.7% |
| Total Risk Index: | 2.83 - High |
| Category Risk Index: | 0.99 - Below Average |
| Category Risk Grade: | B (35% Rank) |
| Beta: | 0.77 |
| R-Squared: | 8% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 5.7% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $3321 Mil |
| Fund Total Assets: | $ 231 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 60% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Shepov Boris (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 43 |
| % in Top 10 Holdings: | 68.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 77.5% |
Portfolio Allocation |
|
| Domestic Stock: | 22.6% |
| Foreign Stock: | 77.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | -0.1% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | December 12, 2006 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.28% |
| Share Class: | Fidelity Select Gold |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
