FAFSX Fees and Costs — Fidelity Advisor Financials Fund, Class M
Data updated: 2026-10-13
The net expense ratio is 1.24%: a 0.71% management fee, a 0.50% 12b-1 fee plus 0.03% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $103K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 49%.
FAFSX Fees and Expenses
Annual operating expenses and sales charges of FAFSX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
FAFSX Costs Over Time
On $10,000 invested in FAFSX, assuming 5% a year before costs, total costs come to $1,200 over 5 years, cutting the return by 2.05% 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 | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.24%) | $126 | $391 | $676 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $17 | $75 | $166 |
| Total costs | $495 | $821 | $1,200 |
| Value after costs | $10,005 | $10,756 | $11,562 |
| Impact on return, per year | 4.95% | 2.54% | 2.05% |
FAFSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 49%
FAFSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $15K | 16.67% |
| GOLDMAN SACHS GROUP INC (THE) | $13K | 14.64% |
| BARCLAYS PLC | $12K | 14.08% |
| JEFFERIES FINANCIAL GROUP INC | $10K | 11.06% |
| CITIGROUP INC | $9K | 9.96% |
| MORGAN STANLEY | $9K | 9.79% |
| BANK OF AMERICA CORPORATION | $8K | 9.01% |
| UBS GROUP AG | $7K | 8.27% |
| VIRTU FINANCIAL INC | $3K | 3.80% |
| CONDOR TRADING LLC | $2K | 2.72% |
FAFSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $3.0M | 94.00% |
| GOLDMAN SACHS GROUP INC (THE) | $159K | 4.90% |
| JEFFERIES FINANCIAL GROUP INC | $28K | 0.85% |
| JPMORGAN CHASE and CO | $8K | 0.25% |
Fidelity Advisor Financials Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKBX | Class Z | 0.59% | none |
| FFSIX | Class I | 0.72% | none |
| FAFDX | Class A | 1.00% | 5.75% |
| FAFSX | Class M | 1.24% | 3.50% |
| FAFCX | Class C | 1.75% | 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.