FCVIX Fees and Costs — Fidelity Small Cap Value Fund, Class I
Data updated: 2026-10-13
The net expense ratio is 0.79%: a 0.78% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4.5M in broker commissions, 0.0929% of average net assets, and portfolio turnover was 134%.
FCVIX Fees and Expenses
Annual operating expenses and sales charges of FCVIX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
FCVIX Costs Over Time
On $10,000 invested in FCVIX, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $10 | $30 | $53 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,209 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
FCVIX 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): 0.0929%
- Total broker commissions: $4.5M
- Bought from dealers (principal trades, not a cost): $70.0M
- Portfolio turnover (prospectus): 134%
FCVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $472K | 15.36% |
| MORGAN STANLEY | $455K | 14.80% |
| JPMORGAN CHASE and CO | $398K | 12.96% |
| BARCLAYS PLC | $331K | 10.77% |
| BANK OF AMERICA CORPORATION | $323K | 10.50% |
| ROYAL BANK OF CANADA | $259K | 8.44% |
| THE TORONTO DOMINION BANK | $253K | 8.24% |
| JEFFERIES FINANCIAL GROUP INC | $233K | 7.60% |
| UBS GROUP AG | $208K | 6.77% |
| VIRTU FINANCIAL INC | $140K | 4.55% |
FCVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $17.9M | 25.58% |
| BARCLAYS PLC | $16.9M | 24.08% |
| JEFFERIES FINANCIAL GROUP INC | $8.0M | 11.45% |
| STIFEL FINANCIAL CORP | $8.0M | 11.42% |
| GOLDMAN SACHS GROUP INC (THE) | $4.8M | 6.84% |
| JPMORGAN CHASE and CO | $4.6M | 6.61% |
| BANK OF AMERICA CORPORATION | $4.3M | 6.20% |
| ROYAL BANK OF CANADA | $2.9M | 4.11% |
| PIPER SANDLER COS | $2.6M | 3.71% |
Fidelity Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKNX | Class Z | 0.67% | none |
| FCPVX | Fidelity Small Cap Value Fund | 0.75% | — |
| FCVIX | Class I | 0.79% | none |
| FCVAX | Class A | 1.04% | 5.75% |
| FCVTX | Class M | 1.29% | 3.50% |
| FCVCX | Class C | 1.79% | 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.