FNIAX Fees and Costs — Fidelity Advisor New Insights Fund, Class A
Data updated: 2026-08-24
The net expense ratio is 1.07%: a 0.81% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.0098% of average net assets, and portfolio turnover was 32%.
FNIAX Fees and Expenses
Annual operating expenses and sales charges of FNIAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 | No |
| Waived fees subject to recoupment | No |
FNIAX Costs Over Time
On $10,000 invested in FNIAX, assuming 5% a year before costs, total costs come to $1,369 over 5 years, cutting the return by 2.36% 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 1.07%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $29 | $107 | $217 |
| Total costs | $711 | $1,015 | $1,369 |
| Value after costs | $9,789 | $10,561 | $11,393 |
| Impact on return, per year | 7.11% | 3.16% | 2.36% |
FNIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0098%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $213.9M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $100.6M
- Net income from securities lending: $1.3M (0.006% of average net assets)
FNIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $284K | 16.92% |
| BANK OF AMERICA CORPORATION | $235K | 14.00% |
| JPMORGAN CHASE and CO | $235K | 13.97% |
| MORGAN STANLEY | $217K | 12.90% |
| CITIGROUP INC | $169K | 10.06% |
| UBS GROUP AG | $168K | 9.97% |
| JEFFERIES FINANCIAL GROUP INC | $112K | 6.65% |
| ROYAL BANK OF CANADA | $104K | 6.19% |
| BARCLAYS PLC | $81K | 4.79% |
| BANK OF MONTREAL QUE | $76K | 4.55% |
FNIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $60.6M | 28.56% |
| MORGAN STANLEY | $31.8M | 14.99% |
| JPMORGAN CHASE and CO | $24.6M | 11.58% |
| THE TORONTO DOMINION BANK | $22.8M | 10.76% |
| CITIGROUP INC | $19.8M | 9.32% |
| ROYAL BANK OF CANADA | $16.7M | 7.87% |
| JEFFERIES FINANCIAL GROUP INC | $14.3M | 6.75% |
| BANK OF AMERICA CORPORATION | $12.6M | 5.92% |
| LEERINK PARTNERS LLC | $6.4M | 2.99% |
| UBS GROUP AG | $2.7M | 1.26% |
Fidelity Advisor New Insights Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FZANX | Class Z | 0.70% | none |
| FINSX | Class I | 0.82% | none |
| FNIAX | Class A | 1.07% | 5.75% |
| FNITX | Class M | 1.32% | 3.50% |
| FNICX | Class C | 1.82% | 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.