FADAX Fees and Costs — Fidelity Advisor Dividend Growth Fund, Class A
Data updated: 2025-07-24
The net expense ratio is 1.10%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $462K in broker commissions, 0.0311% of average net assets, and portfolio turnover was 69%.
FADAX Fees and Expenses
Annual operating expenses and sales charges of FADAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FADAX Costs Over Time
On $10,000 invested in FADAX, assuming 5% a year before costs, total costs come to $1,399 over 5 years, cutting the return by 2.41% 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 1.10%) | $109 | $339 | $587 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $29 | $108 | $220 |
| Total costs | $716 | $1,032 | $1,399 |
| Value after costs | $9,784 | $10,545 | $11,364 |
| Impact on return, per year | 7.16% | 3.22% | 2.41% |
FADAX 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): 0.0311%
- Total broker commissions: $462K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $18.4M
- Net income from securities lending: $120K (0.008% of average net assets)
FADAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $51K | 15.28% |
| MORGAN STANLEY | $45K | 13.61% |
| GOLDMAN SACHS GROUP INC (THE) | $44K | 13.39% |
| JPMORGAN CHASE and CO | $38K | 11.54% |
| CITIGROUP INC | $33K | 10.03% |
| BARCLAYS PLC | $29K | 8.64% |
| JEFFERIES FINANCIAL GROUP INC | $28K | 8.32% |
| UBS GROUP AG | $26K | 7.95% |
| ROYAL BANK OF CANADA | $20K | 6.05% |
| VIRTU FINANCIAL INC | $17K | 5.18% |
FADAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $4.7M | 81.92% |
| ROYAL BANK OF CANADA | $1.0M | 18.08% |
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.