FTVFX Fees and Costs — Fidelity Advisor Value Fund, Class M
Data updated: 2026-09-23
The net expense ratio is 1.32%: a 0.76% management fee, a 0.50% 12b-1 fee plus 0.06% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2025 the fund paid $172K in broker commissions, 0.0495% of average net assets, and portfolio turnover was 68%.
FTVFX Fees and Expenses
Annual operating expenses and sales charges of FTVFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| 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 | No |
| Waived fees subject to recoupment | No |
FTVFX Costs Over Time
On $10,000 invested in FTVFX, assuming 5% a year before costs, total costs come to $1,267 over 5 years, cutting the return by 2.17% 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 1.32%) | $134 | $416 | $718 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $17 | $77 | $172 |
| Total costs | $506 | $858 | $1,267 |
| Value after costs | $9,994 | $10,718 | $11,496 |
| Impact on return, per year | 5.06% | 2.66% | 2.17% |
FTVFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0495%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $15.1M
- Net income from securities lending: $61K (0.018% of average net assets)
FTVFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $22K | 17.18% |
| BANK OF AMERICA CORPORATION | $22K | 16.99% |
| JPMORGAN CHASE and CO | $20K | 15.55% |
| MORGAN STANLEY | $18K | 13.80% |
| CITIGROUP INC | $10K | 8.13% |
| UBS GROUP AG | $10K | 8.00% |
| VIRTU FINANCIAL INC | $7K | 5.56% |
| BARCLAYS PLC | $7K | 5.11% |
| ROYAL BANK OF CANADA | $6K | 4.94% |
| JEFFERIES FINANCIAL GROUP INC | $6K | 4.74% |
FTVFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $376K | 21.88% |
| GOLDMAN SACHS GROUP INC (THE) | $297K | 17.27% |
| MORGAN STANLEY | $220K | 12.78% |
| BANK OF AMERICA CORPORATION | $215K | 12.50% |
| DEUTSCHE BANK AG | $178K | 10.36% |
| JEFFERIES FINANCIAL GROUP INC | $145K | 8.44% |
| BARCLAYS PLC | $109K | 6.33% |
| WELLS FARGO and CO | $79K | 4.61% |
| ROYAL BANK OF CANADA | $58K | 3.39% |
| JPMORGAN CHASE and CO | $42K | 2.44% |
Fidelity Advisor 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 |
|---|---|---|---|
| FVLZX | Class Z | 0.68% | none |
| FVIFX | Class I | 0.80% | none |
| FAVFX | Class A | 1.08% | 5.75% |
| FTVFX | Class M | 1.32% | 3.50% |
| FCVFX | Class C | 1.84% | 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.