FARMX
Fidelity Agricultural Productivity Fund
Fidelity Summer Street Trust
Expense ratio1
0.95%
Net assets2
$47.13M
Holdings2
28
Category
US Equity
2025 return3
7.99%

Investment objective & strategy

As of Oct. 30, 2025 · prospectus

Objective. Fidelity Agricultural Productivity Fund seeks long-term growth of capital.

Strategy. Normally investing at least 80% of assets in securities of agricultural productivity companies. Agricultural productivity companies include those contained in the MSCI ACWI Select Agriculture Producers IMI 25/50 Index or those that, in Fidelity Management & Research Company LLC's (FMR) (the Adviser) opinion, help to increase crop yields and/or grow food production amid a backdrop of a growing global population and declining per capita supply of arable land. Such companies may include but are not limited to companies principally engaged in farm machinery, farm machinery parts and equipment, irrigation, agricultural efficiency and services, agricultural science and biotechnology, fertilizers, pesticide and crop protection, seed manufacturers, crop chemicals, agricultural products and processors, processed food producers, aquatic farming, and livestock services. For purposes … Normally investing at least 80% of assets in securities of agricultural productivity companies. Agricultural productivity companies include those contained in the MSCI ACWI Select Agriculture Producers IMI 25/50 Index or those that, in Fidelity Management & Research Company LLC's (FMR) (the Adviser) opinion, help to increase crop yields and/or grow food production amid a backdrop of a growing global population and declining per capita supply of arable land. Such companies may include but are not limited to companies principally engaged in farm machinery, farm machinery parts and equipment, irrigation, agricultural efficiency and services, agricultural science and biotechnology, fertilizers, pesticide and crop protection, seed manufacturers, crop chemicals, agricultural products and processors, processed food producers, aquatic farming, and livestock services. For purposes of the fund's policy to normally invest at least 80% of its assets in securities of companies principally engaged in the business activity or activities identified for the fund, Fidelity may consider a company to be principally engaged in the designated business activity or activities based on: (i) the level of a company's assets, income, sales, or profits that are committed to, derived from, or related to the designated business activity or activities, or (ii) whether a third party has given the company an industry or sector classification consistent with the designated business activity or activities. Whether a company is principally engaged in the designated business activity or activities can be determined under any of these factors. Effective December 11, 2025, 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. Normally investing primarily in equity securities.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.Investing in either "growth" stocks or "value" stocks or both.Investing in securities of domestic and foreign issuers.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
DEERE & CO $11.02M 23.38%
CORTEVA INC $7.15M 15.17%
NUTRIEN LTD $3.97M 8.42%
BUNGE GLOBAL SA $2.28M 4.84%
CRANSWICK PLC COMMON STOCK CWK $2.18M 4.64%
ARCHER DANIELS MIDLAND CO $2.09M 4.44%
TORO CO $1.64M 3.49%
DARLING INGREDIENTS INC $1.59M 3.37%
WH GROUP LTD $1.55M 3.29%
MOSAIC CO/THE $1.52M 3.22%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
4
Exited
0
Increased
13
Decreased
10
Unchanged
1

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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of May 31, 2025 · 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 October 30, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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