Fidelity Launches Four Sector Funds Available Through Advisers

The four new funds, Fidelity Advisor Consumer Staples Fund, Fidelity Advisor Gold Fund, Fidelity Advisor Materials Fund, and Fidelity Advisor Telecommunications Fund, will each be available in share classes A, T, B, C and Institutional, the company said. Advisor funds carry a sales load, or fee, for investors who buy into those products.

These funds are part of a previously announced restructuring of Fidelity’s line-up of Select Portfolios, Advisor Focus Funds and VIP sector funds in an effort to make it easier for investors to track the funds’ performance and use them in building diversified investment portfolios, the company said.

The new funds are:

• Fidelity Advisor Consumer Staples Fund, managed by Robert Lee, invests at least 80% of assets in securities of companies principally engaged in the manufacture, sale or distribution of consumer staples.

• Fidelity Advisor Gold Fund, managed by Daniel Dupont, invests at least 80% of assets in securities of companies principally engaged in gold-related activities, and in gold bullion or coins.

• Fidelity Advisor Materials Fund, managed by Jody Simes, invests at least 80% of assets in securities of companies principally engaged in the manufacture, mining, processing or distribution of raw materials and intermediate goods.

• Fidelity Advisor Telecommunications Fund, managed by Brian Younger, invests at least 80% of assets in securities of companies principally engaged in the development, manufacture or sale of communications services or communications equipment, generally emphasizing communications services companies and not communications equipment companies.