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Is Fidelity Advisor Semiconductors I (FELIX) a Strong Mutual Fund Pick Right Now?
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Sector - Tech fund seekers should consider taking a look at Fidelity Advisor Semiconductors I (FELIX - Free Report) . FELIX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
Objective
FELIX is part of the Sector - Tech category, which boasts an array of different possible selections. With a much more diversified approach, Sector - Tech mutual funds give investors a way to own a stake in a notoriously risky sector. Tech companies are in various industries like semiconductors, software, internet, and networking, among others.
History of Fund/Manager
FELIX finds itself in the Fidelity family, based out of Boston, MA. Fidelity Advisor Semiconductors I debuted in December of 2000. Since then, FELIX has accumulated assets of about $257.13 million, according to the most recently available information. The fund's current manager, Adam Benjamin, has been in charge of the fund since March of 2020.
Performance
Investors naturally seek funds with strong performance. FELIX has a 5-year annualized total return of 31.71% and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 33.1%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FELIX's standard deviation comes in at 26.49%, compared to the category average of 16.7%. Looking at the past 5 years, the fund's standard deviation is 22.28% compared to the category average of 13.89%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.21, which means it is hypothetically more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a positive alpha of 10.16, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FELIX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 1.35%. So, FELIX is actually cheaper than its peers from a cost perspective.
This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment.
Bottom Line
Overall, Fidelity Advisor Semiconductors I ( FELIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Sector - Tech, make sure to go to www.zacks.com/funds/mutual-funds for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.
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Is Fidelity Advisor Semiconductors I (FELIX) a Strong Mutual Fund Pick Right Now?
Sector - Tech fund seekers should consider taking a look at Fidelity Advisor Semiconductors I (FELIX - Free Report) . FELIX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
Objective
FELIX is part of the Sector - Tech category, which boasts an array of different possible selections. With a much more diversified approach, Sector - Tech mutual funds give investors a way to own a stake in a notoriously risky sector. Tech companies are in various industries like semiconductors, software, internet, and networking, among others.
History of Fund/Manager
FELIX finds itself in the Fidelity family, based out of Boston, MA. Fidelity Advisor Semiconductors I debuted in December of 2000. Since then, FELIX has accumulated assets of about $257.13 million, according to the most recently available information. The fund's current manager, Adam Benjamin, has been in charge of the fund since March of 2020.
Performance
Investors naturally seek funds with strong performance. FELIX has a 5-year annualized total return of 31.71% and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 33.1%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FELIX's standard deviation comes in at 26.49%, compared to the category average of 16.7%. Looking at the past 5 years, the fund's standard deviation is 22.28% compared to the category average of 13.89%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.21, which means it is hypothetically more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a positive alpha of 10.16, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FELIX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 1.35%. So, FELIX is actually cheaper than its peers from a cost perspective.
This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment.
Bottom Line
Overall, Fidelity Advisor Semiconductors I ( FELIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Sector - Tech, make sure to go to www.zacks.com/funds/mutual-funds for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.