FASOX Fees and Costs — Fidelity Advisor Value Strategies Fund, Class I
Data updated: 2026-07-24
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 $774K in broker commissions, 0.0426% of average net assets, and portfolio turnover was 57%.
FASOX Fees and Expenses
Annual operating expenses and sales charges of FASOX. Prospectus, as of January 31, 2026.
| 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 |
FASOX Costs Over Time
On $10,000 invested in FASOX, assuming 5% a year before costs, total costs come to $473 over 5 years, cutting the return by 0.79% 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 | $405 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $473 |
| Value after costs | $10,421 | $11,317 | $12,290 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
FASOX 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): 0.0426%
- Total broker commissions: $774K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $79.2M
- Net income from securities lending: $312K (0.017% of average net assets)
FASOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $115K | 19.45% |
| MORGAN STANLEY | $105K | 17.79% |
| BANK OF AMERICA CORPORATION | $77K | 13.08% |
| BANK OF MONTREAL QUE | $58K | 9.84% |
| BARCLAYS PLC | $55K | 9.30% |
| JPMORGAN CHASE and CO | $54K | 9.12% |
| UBS GROUP AG | $42K | 7.15% |
| ROYAL BANK OF CANADA | $31K | 5.26% |
| JEFFERIES FINANCIAL GROUP INC | $30K | 5.09% |
| CITIGROUP INC | $23K | 3.90% |
FASOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $1.8M | 100.00% |
Fidelity Advisor Value Strategies Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FVSKX | Class K | 0.59% | — |
| FSLSX | Fidelity Value Strategies Fund | 0.66% | — |
| FASOX | Class I | 0.71% | none |
| FSOAX | Class A | 0.96% | 5.75% |
| FASPX | Class M | 1.21% | 3.50% |
| FVCSX | 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.