FWRAX Fees and Costs — Fidelity Advisor Global Real Estate Fund, Class A
Data updated: 2025-06-26
The net expense ratio is 1.20%: a 0.87% management fee, a 0.25% 12b-1 fee plus 2.92% other expenses, less a 2.84% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $2K in broker commissions, 0.0314% of average net assets, and portfolio turnover was 32%.
FWRAX Fees and Expenses
Annual operating expenses and sales charges of FWRAX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.92% |
| Gross expense ratio | 4.04% |
| Fee waiver | −2.84% |
| Net expense ratio | 1.20% |
| 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 |
FWRAX Costs Over Time
On $10,000 invested in FWRAX, assuming 5% a year before costs, total costs come to $1,456 over 5 years, cutting the return by 2.51% 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 1.20%) | $119 | $370 | $639 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $29 | $109 | $225 |
| Total costs | $726 | $1,064 | $1,456 |
| Value after costs | $9,774 | $10,512 | $11,306 |
| Impact on return, per year | 7.26% | 3.32% | 2.51% |
FWRAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0314%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $60K
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
FWRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $235 | 18.66% |
| BANK OF AMERICA CORPORATION | $163 | 12.97% |
| MORGAN STANLEY | $154 | 12.23% |
| ROYAL BANK OF CANADA | $126 | 10.01% |
| CITIGROUP INC | $118 | 9.36% |
| JEFFERIES FINANCIAL GROUP INC | $116 | 9.19% |
| GOLDMAN SACHS GROUP INC (THE) | $109 | 8.67% |
| UBS GROUP AG | $108 | 8.55% |
| VIRTU FINANCIAL INC | $77 | 6.10% |
| BARCLAYS PLC | $54 | 4.26% |
FWRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $43K | 70.91% |
| BANK OF AMERICA CORPORATION | $12K | 19.83% |
| CITIGROUP INC | $6K | 9.26% |
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.