FGABX Fees and Costs — Fidelity Advisor Global Equity Income Fund, Class M
Data updated: 2024-09-25
The net expense ratio is 1.55%: a 0.86% management fee, a 0.50% 12b-1 fee plus 0.21% other expenses, less a 0.02% fee waiver. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2023 the fund paid $28K in broker commissions, 0.0303% of average net assets, and portfolio turnover was 25%.
FGABX Fees and Expenses
Annual operating expenses and sales charges of FGABX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.55% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FGABX Costs Over Time
On $10,000 invested in FGABX, assuming 5% a year before costs, total costs come to $1,390 over 5 years, cutting the return by 2.39% 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 1.55%) | $157 | $487 | $840 |
| Trading costs (broker commissions) | $3 | $10 | $16 |
| Lost growth on money paid in costs | $17 | $80 | $184 |
| Total costs | $528 | $926 | $1,390 |
| Value after costs | $9,972 | $10,650 | $11,373 |
| Impact on return, per year | 5.28% | 2.88% | 2.39% |
FGABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0303%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $190K
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $297K
- Net income from securities lending: $3K (0.003% of average net assets)
FGABX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $3K | 15.40% |
| JPMORGAN CHASE and CO | $3K | 13.21% |
| MORGAN STANLEY | $3K | 12.89% |
| UBS GROUP AG | $2K | 11.17% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 10.33% |
| JEFFERIES GROUP LLC | $2K | 8.95% |
| CITIGROUP INC | $2K | 7.62% |
| BARCLAYS PLC | $2K | 7.22% |
| VIRTU FINANCIAL INC | $1K | 6.73% |
| EXANE SA | $1K | 6.48% |
FGABX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $150K | 78.64% |
| JPMORGAN CHASE and CO | $41K | 21.36% |
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.