FATEX Fees and Costs — Fidelity Advisor Technology Fund, Class M
Data updated: 2025-12-23
The net expense ratio is 1.17%: a 0.66% management fee, a 0.50% 12b-1 fee plus 0.01% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2025 the fund paid $619K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 50%.
FATEX Fees and Expenses
Annual operating expenses and sales charges of FATEX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| 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 |
FATEX Costs Over Time
On $10,000 invested in FATEX, assuming 5% a year before costs, total costs come to $1,156 over 5 years, cutting the return by 1.97% 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 1.17%) | $119 | $369 | $639 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $18 | $74 | $162 |
| Total costs | $487 | $796 | $1,156 |
| Value after costs | $10,013 | $10,781 | $11,607 |
| Impact on return, per year | 4.87% | 2.46% | 1.97% |
FATEX 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): 0.0090%
- Total broker commissions: $619K
- Bought from dealers (principal trades, not a cost): $3.6M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $4.2M
- Net income from securities lending: $55K (0.001% of average net assets)
FATEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $109K | 21.90% |
| MORGAN STANLEY | $77K | 15.47% |
| JPMORGAN CHASE and CO | $62K | 12.43% |
| CITIGROUP INC | $55K | 11.16% |
| BANK OF AMERICA CORPORATION | $51K | 10.17% |
| UBS GROUP AG | $41K | 8.18% |
| BARCLAYS PLC | $30K | 5.95% |
| ROYAL BANK OF CANADA | $29K | 5.91% |
| VIRTU FINANCIAL INC | $22K | 4.50% |
| JEFFERIES FINANCIAL GROUP INC | $21K | 4.32% |
FATEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $2.7M | 75.44% |
| MORGAN STANLEY | $644K | 18.01% |
| GOLDMAN SACHS GROUP INC (THE) | $234K | 6.56% |
Fidelity Advisor Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKHX | Class Z | 0.55% | none |
| FATIX | Class I | 0.67% | none |
| FADTX | Class A | 0.92% | 5.75% |
| FATEX | Class M | 1.17% | 3.50% |
| FTHCX | Class C | 1.67% | 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.