FCLTX Fees and Costs — Fidelity Advisor Industrials Fund, Class M
Data updated: 2026-10-13
The net expense ratio is 1.20%: a 0.68% management fee, a 0.50% 12b-1 fee plus 0.02% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $147K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 34%.
FCLTX Fees and Expenses
Annual operating expenses and sales charges of FCLTX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
FCLTX Costs Over Time
On $10,000 invested in FCLTX, assuming 5% a year before costs, total costs come to $1,173 over 5 years, cutting the return by 2.01% 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 1.20%) | $122 | $379 | $655 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $18 | $74 | $163 |
| Total costs | $490 | $805 | $1,173 |
| Value after costs | $10,010 | $10,771 | $11,589 |
| Impact on return, per year | 4.90% | 2.49% | 2.01% |
FCLTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $147K
- Bought from dealers (principal trades, not a cost): $18.2M
- Portfolio turnover (prospectus): 34%
FCLTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $37K | 30.16% |
| GOLDMAN SACHS GROUP INC (THE) | $21K | 16.92% |
| UBS GROUP AG | $15K | 12.08% |
| BANK OF AMERICA CORPORATION | $12K | 9.64% |
| JPMORGAN CHASE and CO | $10K | 7.87% |
| BAIRD FINANCIAL GROUP INC/WISCONSIN | $9K | 7.37% |
| MORGAN STANLEY | $7K | 6.08% |
| VIRTU FINANCIAL INC | $5K | 3.68% |
| THE TORONTO DOMINION BANK | $4K | 3.29% |
| JEFFERIES FINANCIAL GROUP INC | $4K | 2.91% |
FCLTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $8.4M | 46.40% |
| CITIGROUP INC | $5.6M | 30.91% |
| GOLDMAN SACHS GROUP INC (THE) | $4.0M | 22.12% |
| JEFFERIES FINANCIAL GROUP INC | $102K | 0.56% |
Fidelity Advisor Industrials Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKEX | Class Z | 0.57% | none |
| FIDRX | C000264535 | 0.64% | — |
| FCLIX | Class I | 0.69% | none |
| FCLAX | Class A | 0.95% | 5.75% |
| FCLTX | Class M | 1.20% | 3.50% |
| FCLCX | Class C | 1.70% | 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.