FANIX Fees and Costs — Fidelity Advisor Energy Fund, Class I
Data updated: 2025-12-23
The net expense ratio is 0.71%: a 0.69% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $160K in broker commissions, 0.0147% of average net assets, and portfolio turnover was 15%.
FANIX Fees and Expenses
Annual operating expenses and sales charges of FANIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| 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 | No |
| Waived fees subject to recoupment | No |
FANIX Costs Over Time
On $10,000 invested in FANIX, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
FANIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0147%
- Total broker commissions: $160K
- Bought from dealers (principal trades, not a cost): $3.0M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $20.1M
- Net income from securities lending: $60K (0.006% of average net assets)
FANIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $24K | 20.77% |
| JPMORGAN CHASE and CO | $15K | 12.84% |
| ROYAL BANK OF CANADA | $13K | 11.10% |
| UBS GROUP AG | $12K | 10.26% |
| BANK OF AMERICA CORPORATION | $12K | 10.20% |
| GOLDMAN SACHS GROUP INC (THE) | $11K | 9.70% |
| VIRTU FINANCIAL INC | $9K | 8.09% |
| JEFFERIES FINANCIAL GROUP INC | $8K | 7.17% |
| THE BANK OF NOVA SCOTIA | $6K | 5.03% |
| NOMURA HOLDINGS INC | $6K | 4.83% |
FANIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $3.0M | 100.00% |
Fidelity Advisor Energy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKAX | Class Z | 0.58% | none |
| FANIX | Class I | 0.71% | none |
| FANAX | Class A | 0.98% | 5.75% |
| FAGNX | Class M | 1.23% | 3.50% |
| FNRCX | Class C | 1.73% | 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.