Fund Evaluator:
Fidelity Advisor Financials Z (FIKBX)
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Best Performing in Financial Over the Last Year
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| 17.4% | Fidelity Advisor Financials Z (FIKBX) |
Fund Details
Fidelity Advisor Financials Z Overview
Fidelity Advisor Financials Z (FIKBX) is an actively managed Sector Equity Financial fund. Fidelity Investments launched the fund in 2018.
The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in providing financial services to consumers and industry. The fund 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.
About Fidelity Advisor Financials Z (FIKBX)
There are 1 members of the management team with an average tenure of 0.70 years: Gerard Benson (2025). 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 Financials 5% Capped index with a weighting of 100%. Fidelity Advisor Financials Z has 64 securities in its portfolio. The top 10 holdings constitute 45.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Fidelity Advisor Financials Z is part of the Equity global asset class and is within the Sector Equity fund group. Fidelity Advisor Financials Z has 6.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.7%. There is 6.2% 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 Financials Z has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $63 million in total assets, which is below the $197 million average for the Financial 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.
FIKBX 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 Financials Z expense ratio is average compared to funds in the Financial category. Fidelity Advisor Financials Z has an expense ratio of 0.59%, 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 Financials Z has a portfolio turnover rate of 49%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 80% for the Financial category.
Recently, in the month of July 2026, Fidelity Advisor Financials Z returned 6.4%, which earned it a grade of A, as the Financial category had an average return of 4.1%. 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 Financials Z has a trailing yield of 1.51%, which is above the 1.01% category average. The fund normally distributes its income annually and its capital gains 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 Financials Z Grades
Year to date, the fund has returned 10.1%, 1.2 percentage points better than the category, which translates into a grade of B. The fund has returned 17.4% over the past year (grade of B), 22.9% over the past three years (grade of A) and 13.5% per year over the past five years (grade of A) and 14.4% per year over the past 10 years (grade of A).
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FIKBX 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 |
|
| FIKBX Return (NAV) | 6.4% | 10.5% | 17.4% | 22.9% | 13.5% | 14.4% |
| FIKBX Grade | A | A | B | A | A | A |
| +/- Category | 2.2% | 1.5% | -0.3% | 3.6% | 4.2% | 3.1% |
| Financial Avg | 4.1% | 9.0% | 17.7% | 19.3% | 9.3% | 11.3% |
| FIKBX Tax Cost Ratio | na | na | 1.8% | 1.2% | 1.3% | na |
FIKBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FIKBX Return (NAV) | 10.1% | 15.3% | 32.7% | 14.5% | -8.5% | 33.5% | 0.2% | 34.3% | -15.7% | 20.9% | 18.7% |
| FIKBX Grade | B | B | A | C | A | B | C | A | C | A | C |
| +/- Category | 1.2% | 0.0% | 7.1% | 2.7% | 8.2% | -0.0% | -0.3% | 6.0% | -0.4% | 4.8% | -2.1% |
| Financial Avg | 8.9% | 15.3% | 25.6% | 11.8% | -16.8% | 33.6% | 0.5% | 28.3% | -15.3% | 16.1% | 20.9% |
| Risk Measures | |
| Standard Deviation: | 16.9% |
| Total Risk Index: | 1.38 - High |
| Category Risk Index: | 0.92 - Above Average |
| Category Risk Grade: | D (63% Rank) |
| Beta: | 0.86 |
| R-Squared: | 41% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $676 Mil |
| Fund Total Assets: | $ 63 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 49% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Benson Gerard (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 64 |
| % in Top 10 Holdings: | 45.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.2% |
Portfolio Allocation |
|
| Domestic Stock: | 93.7% |
| Foreign Stock: | 6.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 877-208-0098 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | October 2, 2018 |
| 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 (%): | 0.59% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.33% |
| Share Class: | Fidelity Advisor Financials I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
