FAVAX Fees and Costs — Fidelity Advisor Equity Value Fund, Class A
Data updated: 2025-10-28
The net expense ratio is 0.93%: a 0.61% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $39K in broker commissions, 0.0182% of average net assets, and portfolio turnover was 31%.
FAVAX Fees and Expenses
Annual operating expenses and sales charges of FAVAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FAVAX Costs Over Time
On $10,000 invested in FAVAX, assuming 5% a year before costs, total costs come to $1,293 over 5 years, cutting the return by 2.22% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.93%) | $92 | $287 | $499 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $105 | $210 |
| Total costs | $698 | $973 | $1,293 |
| Value after costs | $9,802 | $10,603 | $11,469 |
| Impact on return, per year | 6.98% | 3.03% | 2.22% |
FAVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0182%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): $620K
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $0
- Net income from securities lending: $723 (0.000% of average net assets)
FAVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $6K | 18.33% |
| MORGAN STANLEY | $5K | 14.68% |
| CITIGROUP INC | $4K | 13.11% |
| GOLDMAN SACHS GROUP INC (THE) | $4K | 12.78% |
| JPMORGAN CHASE and CO | $4K | 12.77% |
| UBS GROUP AG | $3K | 10.25% |
| JEFFERIES FINANCIAL GROUP INC | $2K | 5.79% |
| ROYAL BANK OF CANADA | $2K | 5.11% |
| BARCLAYS PLC | $1K | 3.76% |
| LIQUIDNET HOLDINGS INC | $1K | 3.41% |
FAVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $416K | 67.13% |
| MORGAN STANLEY | $204K | 32.87% |
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.