EQPIX
Fidelity Advisor Equity Income Fund
Fidelity Advisor Series I
Expense ratio1
0.61%
Net assets2
$1.83B
Holdings2
114
Category
US Equity
2024 return3
12.49%

Investment objective & strategy

As of Jan. 24, 2025 · prospectus

Objective. Fidelity Advisor Equity Income Fund seeks a yield from dividend and interest income which exceeds the composite dividend yield on securities comprising the S&P 500 Index. In addition, consistent with the primary objective of obtaining dividend and interest income, the fund will consider the potential for achieving capital appreciation.

Strategy. Normally investing at least 80% of assets in equity securities. Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks. Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Potentially using covered call options as tools in managing the fund's assets. Effective December 11, 2025, normally investing at least 80% of assets in income-producing equity securities. Equity securities represent … Normally investing at least 80% of assets in equity securities. Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks. Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Potentially using covered call options as tools in managing the fund's assets. Effective December 11, 2025, normally investing at least 80% of assets in income-producing equity securities. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Income-producing equity securities are equity securities that pay, or are expected to pay within the next three months, dividends or interest. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives.

Top holdings

As of May 31, 2025 · N-PORT
SecurityTickerValue% of fund
Fidelity Cash Central Fund $59.63M 3.25%
SHELL PLC SPONS ADR $56.64M 3.09%
US BANCORP DEL $50.21M 2.74%
CISCO SYSTEMS INC $42.55M 2.32%
WELLS FARGO & CO $40.90M 2.23%
COMCAST CORP CL A $40.75M 2.22%
GSK plc SPONSORED ADR GSK US $38.07M 2.07%
CHUBB LTD $37.62M 2.05%
EXXON MOBIL CORP $36.49M 1.99%
BANK OF AMERICA CORPORATION $36.37M 1.98%
View all holdings →

Allocation by sector

As of May 31, 2025 · N-PORT
View portfolio breakdown →

Portfolio moves

Feb 28, 2025 → May 31, 2025
Opened
12
Exited
10
Increased
35
Decreased
49
Unchanged
19

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Fidelity Advisor Equity Value Fund · FAVAX, FAVCX, FAVTX, FAIVX, FAEVX 41% 0.55%
Fidelity Advisor Value Leaders Fund · FVLAX, FVLCX, FVLTX, FVLIX 32% 0.90%
Fidelity Advisor Growth and Income Fund · FGIRX, FGIUX, FGITX, FGIOX, FGIZX 31% 0.49%
View all similar funds →

Advisers

As of November 30, 2024 · N-CEN
FirmRole
FMR Investment Management (UK) Limited Sub-adviser
Fidelity Management & Research (Japan) Limited Sub-adviser
Fidelity Management & Research (Hong Kong) Limited Sub-adviser
Fidelity Management & Research Company LLC Adviser

Footnotes

  1. Expense ratio as of January 24, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of May 31, 2025, from the fund's N-PORT filing.
  3. Total return for calendar year 2024, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2024 (the latest prospectus does not yet chart this year).

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