FHEIX Fees and Costs — Fidelity Advisor Real Estate Fund, Class I
Data updated: 2025-12-23
The net expense ratio is 0.78%: a 0.71% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $73K in broker commissions, 0.0355% of average net assets, and portfolio turnover was 72%.
FHEIX Fees and Expenses
Annual operating expenses and sales charges of FHEIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FHEIX Costs Over Time
On $10,000 invested in FHEIX, assuming 5% a year before costs, total costs come to $512 over 5 years, cutting the return by 0.86% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $281 | $512 |
| Value after costs | $10,414 | $11,295 | $12,251 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
FHEIX 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): 0.0355%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): $383K
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $739 (0.000% of average net assets)
FHEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $8K | 15.42% |
| BANK OF AMERICA CORPORATION | $7K | 14.22% |
| CITIGROUP INC | $7K | 14.04% |
| MORGAN STANLEY | $7K | 12.52% |
| UBS GROUP AG | $6K | 12.27% |
| JPMORGAN CHASE and CO | $5K | 10.41% |
| JEFFERIES FINANCIAL GROUP INC | $3K | 6.21% |
| WELLS FARGO and CO | $3K | 5.29% |
| RAYMOND JAMES FINANCIAL INC. | $3K | 4.88% |
| VIRTU FINANCIAL INC | $2K | 4.75% |
FHEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $302K | 78.87% |
| BANK OF AMERICA CORPORATION | $81K | 21.13% |
Fidelity Advisor Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKJX | Class Z | 0.63% | none |
| FHEIX | Class I | 0.78% | none |
| FHEAX | Class A | 1.04% | 5.75% |
| FHETX | Class M | 1.29% | 3.50% |
| FHECX | 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.