EQPIX Fees and Costs — Fidelity Advisor Equity Income Fund, Class I
Data updated: 2025-07-24
The net expense ratio is 0.61%: a 0.59% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $506K in broker commissions, 0.0275% of average net assets, and portfolio turnover was 50%.
EQPIX Fees and Expenses
Annual operating expenses and sales charges of EQPIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| 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 | No |
EQPIX Costs Over Time
On $10,000 invested in EQPIX, assuming 5% a year before costs, total costs come to $402 over 5 years, cutting the return by 0.67% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $402 |
| Value after costs | $10,433 | $11,356 | $12,361 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
EQPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0275%
- Total broker commissions: $506K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $4K (0.000% of average net assets)
EQPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $59K | 14.63% |
| GOLDMAN SACHS GROUP INC (THE) | $59K | 14.62% |
| MORGAN STANLEY | $52K | 12.98% |
| JPMORGAN CHASE and CO | $52K | 12.94% |
| UBS GROUP AG | $46K | 11.43% |
| CITIGROUP INC | $39K | 9.75% |
| JEFFERIES FINANCIAL GROUP INC | $29K | 7.30% |
| BARCLAYS PLC | $29K | 7.10% |
| VIRTU FINANCIAL INC | $23K | 5.58% |
| ROYAL BANK OF CANADA | $15K | 3.67% |
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.