FVLAX Fees and Costs — Fidelity Advisor Value Leaders Fund, Class A
Data updated: 2025-09-26
The net expense ratio is 1.15%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.22% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $7K in broker commissions, 0.0194% of average net assets, and portfolio turnover was 32%.
FVLAX Fees and Expenses
Annual operating expenses and sales charges of FVLAX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.15% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FVLAX Costs Over Time
On $10,000 invested in FVLAX, assuming 5% a year before costs, total costs come to $1,421 over 5 years, cutting the return by 2.45% 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 1.15%) | $114 | $354 | $614 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $109 | $222 |
| Total costs | $719 | $1,044 | $1,421 |
| Value after costs | $9,781 | $10,532 | $11,342 |
| Impact on return, per year | 7.19% | 3.26% | 2.45% |
FVLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0194%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $501K
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
FVLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $892 | 15.15% |
| CITIGROUP INC | $803 | 13.64% |
| MORGAN STANLEY | $720 | 12.23% |
| JEFFERIES FINANCIAL GROUP INC | $718 | 12.21% |
| GOLDMAN SACHS GROUP INC (THE) | $660 | 11.22% |
| UBS GROUP AG | $563 | 9.56% |
| ROYAL BANK OF CANADA | $521 | 8.85% |
| OPPENHEIMER HOLDINGS INC | $449 | 7.62% |
| BANK OF AMERICA CORPORATION | $331 | 5.63% |
| BARCLAYS PLC | $229 | 3.89% |
FVLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $329K | 65.66% |
| GOLDMAN SACHS GROUP INC (THE) | $172K | 34.34% |
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.