FAIOX Fees and Costs — Fidelity Advisor Balanced Fund, Class I
Data updated: 2024-11-13
The net expense ratio is 0.54%: a 0.53% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $809K in broker commissions, 0.0103% of average net assets, and portfolio turnover was 30%.
FAIOX Fees and Expenses
Annual operating expenses and sales charges of FAIOX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FAIOX Costs Over Time
On $10,000 invested in FAIOX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
FAIOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0103%
- Total broker commissions: $809K
- Bought from dealers (principal trades, not a cost): $42.4M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $23K (0.000% of average net assets)
FAIOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $118K | 17.57% |
| BANK OF AMERICA CORPORATION | $89K | 13.31% |
| JPMORGAN CHASE and CO | $84K | 12.49% |
| BARCLAYS PLC | $82K | 12.25% |
| GOLDMAN SACHS GROUP INC (THE) | $81K | 12.04% |
| CITIGROUP INC | $58K | 8.58% |
| UBS GROUP AG | $56K | 8.30% |
| JEFFERIES FINANCIAL GROUP INC | $42K | 6.18% |
| ROYAL BANK OF CANADA | $36K | 5.33% |
| VIRTU FINANCIAL INC | $27K | 3.95% |
FAIOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $8.1M | 20.12% |
| BANK OF AMERICA CORPORATION | $7.7M | 19.18% |
| GOLDMAN SACHS GROUP INC (THE) | $5.7M | 14.10% |
| BANK OF MONTREAL QUE | $4.5M | 11.12% |
| BARCLAYS PLC | $3.6M | 9.01% |
| WELLS FARGO and CO | $3.2M | 8.00% |
| MORGAN STANLEY | $2.0M | 5.04% |
| JEFFERIES FINANCIAL GROUP INC | $1.9M | 4.71% |
| DEUTSCHE BANK AG | $1.8M | 4.56% |
| JPMORGAN CHASE and CO | $1.7M | 4.16% |
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.