FACVX Fees and Costs — Fidelity Convertible Securities Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 0.94%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $143K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 89%.
FACVX Fees and Expenses
Annual operating expenses and sales charges of FACVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FACVX Costs Over Time
On $10,000 invested in FACVX, assuming 5% a year before costs, total costs come to $1,293 over 5 years, cutting the return by 2.22% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.94%) | $93 | $290 | $504 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $105 | $210 |
| Total costs | $698 | $973 | $1,293 |
| Value after costs | $9,802 | $10,603 | $11,470 |
| Impact on return, per year | 6.98% | 3.03% | 2.22% |
FACVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0074%
- Total broker commissions: $143K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 89%
- Securities on loan, average value: $11.6M
- Net income from securities lending: $42K (0.002% of average net assets)
FACVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $17K | 16.22% |
| BANK OF AMERICA CORPORATION | $15K | 14.25% |
| MORGAN STANLEY | $13K | 12.48% |
| UBS GROUP AG | $13K | 12.32% |
| DA DAVIDSON COS | $10K | 9.39% |
| CITIGROUP INC | $10K | 9.17% |
| BARCLAYS PLC | $7K | 7.12% |
| JPMORGAN CHASE and CO | $7K | 6.86% |
| CANTOR FITZGERALD LP | $7K | 6.62% |
| VIRTU FINANCIAL INC | $6K | 5.60% |
FACVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $494.3M | 22.51% |
| JPMORGAN CHASE and CO | $304.7M | 13.87% |
| MORGAN STANLEY | $220.5M | 10.04% |
| CITIGROUP INC | $215.9M | 9.83% |
| THE TORONTO DOMINION BANK | $189.3M | 8.62% |
| GOLDMAN SACHS GROUP INC (THE) | $179.8M | 8.19% |
| BARCLAYS PLC | $169.5M | 7.72% |
| WELLS FARGO and CO | $169.5M | 7.72% |
| JEFFERIES FINANCIAL GROUP INC | $155.3M | 7.07% |
| NOMURA HOLDINGS INC | $97.4M | 4.44% |
Fidelity Convertible Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIQVX | Class Z | 0.55% | none |
| FCVSX | Fidelity Convertible Securities Fund | 0.64% | — |
| FICVX | Class I | 0.68% | none |
| FACVX | Class A | 0.94% | 5.75% |
| FTCVX | Class M | 1.19% | 3.50% |
| FCCVX | Class C | 1.71% | none |
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.