Morningstar

Fidelity Agricultural Productivity FARMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 18.33  /  +0.33 %
  • Total Assets 45.6 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Natural Resources
  • Investment Style Mid Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.02%
  • Turnover 12%

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 4:34 AM GMT+0

Morningstar’s Analysis FARMX

Will FARMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FARMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FARMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FARMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fidelity Agricultural Productivity’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FARMX

More FARMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 75.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Deere & Co

25.22 11.6 Mil
Industrials

Corteva Inc

10.24 4.7 Mil
Basic Materials

Nutrien Ltd

7.35 3.4 Mil
Basic Materials

Archer-Daniels Midland Co

6.53 3.0 Mil
Consumer Defensive

CF Industries Holdings Inc

5.04 2.3 Mil
Basic Materials

Ingredion Inc

4.95 2.3 Mil
Consumer Defensive

Bunge Global SA

4.75 2.2 Mil
Consumer Defensive

Lamb Weston Holdings Inc

4.19 1.9 Mil
Consumer Defensive

The Toro Co

3.85 1.8 Mil
Industrials

Cranswick PLC

3.74 1.7 Mil
Consumer Defensive

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