Fidelity Agricultural Productivity Fund
Fund
FARMX
Price as of:
$17.84
- $0.56
- 3.04%
Primary Theme
fund company
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-2.7%
1 yr return
-10.6%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
N/A
Net Assets
$64.8 M
Holdings in Top 10
75.8%
52 WEEK LOW AND HIGH
$18.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FARMX - Profile
Distributions
- YTD Total Return -2.7%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.80%
- Dividend Yield 1.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Agricultural Productivity Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateApr 22, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Wagner
Fund Description
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 those involved 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. 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.
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FARMX - Performance
Return Ranking - Trailing
| Period | FARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.7% | -13.5% | 21.3% | 95.28% |
| 1 Yr | -10.6% | -29.0% | 75.5% | 96.19% |
| 3 Yr | -0.4%* | -13.3% | 30.6% | 92.31% |
| 5 Yr | N/A* | -4.1% | 23.1% | 1.00% |
| 10 Yr | N/A* | -7.3% | 12.3% | 32.56% |
* Annualized
Return Ranking - Calendar
| Period | FARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.7% | -13.1% | 52.1% | 99.05% |
| 2022 | 12.3% | -34.9% | 34.0% | 34.62% |
| 2021 | 22.4% | -4.9% | 83.5% | 59.80% |
| 2020 | N/A | -23.4% | 126.4% | 51.00% |
| 2019 | N/A | -25.1% | 36.9% | 3.03% |
Total Return Ranking - Trailing
| Period | FARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.7% | -13.5% | 21.3% | 95.28% |
| 1 Yr | -10.6% | -29.0% | 75.5% | 96.19% |
| 3 Yr | -0.4%* | -13.3% | 30.6% | 92.31% |
| 5 Yr | N/A* | -4.1% | 23.1% | 3.88% |
| 10 Yr | N/A* | -7.3% | 12.3% | 55.81% |
* Annualized
Total Return Ranking - Calendar
| Period | FARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.6% | -12.2% | 57.6% | 99.05% |
| 2022 | 13.7% | -32.2% | 35.5% | 39.42% |
| 2021 | 23.3% | -2.5% | 83.6% | 78.43% |
| 2020 | N/A | -22.2% | 127.8% | 51.00% |
| 2019 | N/A | -25.1% | 38.7% | 3.03% |
NAV & Total Return History
FARMX - Holdings
Concentration Analysis
| FARMX | Category Low | Category High | FARMX % Rank | |
|---|---|---|---|---|
| Net Assets | 64.8 M | 1.33 M | 6.25 B | 86.92% |
| Number of Holdings | 24 | 23 | 445 | 99.07% |
| Net Assets in Top 10 | 48.5 M | 627 K | 3.57 B | 82.24% |
| Weighting of Top 10 | 75.84% | 16.6% | 77.8% | 2.80% |
Top 10 Holdings
- DEERE and CO 23.41%
- CORTEVA INC 9.83%
- ARCHER DANIELS MIDLAND CO 8.01%
- NUTRIEN LTD 7.73%
- LAMB WESTON HOLDINGS INC 5.04%
- BUNGE GLOBAL SA 4.96%
- INGREDION INC 4.78%
- CF INDUSTRIES HOLDINGS INC 4.45%
- TORO CO 4.06%
- DARLING INGREDIENTS INC 3.57%
Asset Allocation
| Weighting | Return Low | Return High | FARMX % Rank | |
|---|---|---|---|---|
| Stocks | 99.65% | 0.00% | 104.40% | 28.97% |
| Cash | 0.35% | 0.00% | 22.14% | 93.46% |
| Preferred Stocks | 0.00% | 0.00% | 7.55% | 40.19% |
| Other | 0.00% | -0.01% | 21.04% | 44.86% |
| Convertible Bonds | 0.00% | 0.00% | 0.43% | 35.51% |
| Bonds | 0.00% | 0.00% | 81.02% | 40.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FARMX % Rank | |
|---|---|---|---|---|
| Basic Materials | 42.10% | 2.49% | 100.00% | 42.99% |
| Consumer Defense | 29.17% | 0.00% | 33.96% | 1.87% |
| Industrials | 28.72% | 0.00% | 63.67% | 15.89% |
| Utilities | 0.00% | 0.00% | 35.93% | 66.36% |
| Technology | 0.00% | 0.00% | 17.68% | 61.68% |
| Real Estate | 0.00% | 0.00% | 36.20% | 51.40% |
| Healthcare | 0.00% | 0.00% | 22.67% | 56.07% |
| Financial Services | 0.00% | 0.00% | 4.52% | 42.06% |
| Energy | 0.00% | 0.00% | 89.67% | 81.31% |
| Communication Services | 0.00% | 0.00% | 0.21% | 32.71% |
| Consumer Cyclical | 0.00% | 0.00% | 43.37% | 70.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FARMX % Rank | |
|---|---|---|---|---|
| US | 75.82% | 0.00% | 104.40% | 46.73% |
| Non US | 23.83% | 0.00% | 89.20% | 53.27% |
FARMX - Expenses
Operational Fees
| FARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.08% | 4.45% | 49.53% |
| Management Fee | 0.84% | 0.00% | 1.25% | 64.49% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| FARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 4.00% | 169.00% | 16.09% |
FARMX - Distributions
Dividend Yield Analysis
| FARMX | Category Low | Category High | FARMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.42% | 0.00% | 12.06% | 82.24% |
Dividend Distribution Analysis
| FARMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| FARMX | Category Low | Category High | FARMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.80% | -35.65% | 6.21% | 71.70% |
Capital Gain Distribution Analysis
| FARMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.127 | OrdinaryDividend |
| Jul 17, 2023 | $0.117 | OrdinaryDividend |
| Dec 12, 2022 | $0.182 | OrdinaryDividend |
| Jul 11, 2022 | $0.063 | OrdinaryDividend |
| Dec 13, 2021 | $0.052 | OrdinaryDividend |
| Dec 14, 2020 | $0.048 | OrdinaryDividend |
FARMX - Fund Manager Analysis
Managers
David Wagner
Start Date
Tenure
Tenure Rank
Apr 16, 2020
2.12
2.1%
David Wagner joined Fidelity Investments in 2014, Mr. Wagner has worked as an intern, research analyst, and portfolio manager.
Steven Calhoun
Start Date
Tenure
Tenure Rank
Apr 16, 2020
2.12
2.1%
Calhoun is a portfolio manager with Fidelity Investments. He joined Fidelity's equity research department in 1994 as a research analyst and manager, following a variety of industries. Calhoun served as director of associate research from 1997 to 1999.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 24.18 | 7.62 | 0.16 |