C000205025 Fees and Costs — Fidelity Advisor Event Driven Opportunities Fund, Class Z
Data updated: 2020-03-27
The net expense ratio is 1.16%: a 0.80% management fee plus 0.78% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $54K in broker commissions, 0.1495% of average net assets, and portfolio turnover was 97%.
C000205025 Fees and Expenses
Annual operating expenses and sales charges of C000205025. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000205025 Costs Over Time
On $10,000 invested in C000205025, assuming 5% a year before costs, total costs come to $814 over 5 years, cutting the return by 1.37% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.16%) | $122 | $379 | $655 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $449 | $814 |
| Value after costs | $10,363 | $11,127 | $11,949 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
C000205025 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1495%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $706K
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $90K (0.249% of average net assets)
C000205025 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $9K | 24.86% |
| BARCLAYS PLC (UNGTD) | $7K | 19.36% |
| CREDIT SUISSE GRP AG | $3K | 8.45% |
| MORGAN STANLEY | $3K | 8.17% |
| UBS GROUP AG | $3K | 7.48% |
| AXA SA | $3K | 7.45% |
| ROYAL BANK OF CANADA | $2K | 6.55% |
| INVESTMENT TECHNOLOGY GROUP INC | $2K | 6.46% |
| MIZUHO FINANCIAL GROUP INC | $2K | 5.73% |
| JEFFERIES GROUP LLC | $2K | 5.51% |
C000205025 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $229K | 32.40% |
| BARCLAYS PLC (UNGTD) | $199K | 28.17% |
| DEUTSCHE BANK AG | $109K | 15.49% |
| BANK OF MONTREAL | $80K | 11.27% |
| CITIGROUP INC | $60K | 8.45% |
| JEFFERIES GROUP LLC | $30K | 4.22% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.