FZAEX Fees and Costs — Fidelity Advisor Focused Emerging Markets Fund, Class Z
Data updated: 2026-09-23
The net expense ratio is 0.80%: a 0.77% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11.1M in broker commissions, 0.1472% of average net assets, and portfolio turnover was 58%.
FZAEX Fees and Expenses
Annual operating expenses and sales charges of FZAEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
FZAEX Costs Over Time
On $10,000 invested in FZAEX, assuming 5% a year before costs, total costs come to $593 over 5 years, cutting the return by 0.99% 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 0.80%) | $84 | $262 | $455 |
| Trading costs (broker commissions) | $15 | $48 | $84 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $326 | $593 |
| Value after costs | $10,401 | $11,250 | $12,170 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
FZAEX 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): 0.1472%
- Total broker commissions: $11.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $85.9M
- Net income from securities lending: $1.2M (0.015% of average net assets)
FZAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $2.8M | 27.71% |
| MORGAN STANLEY | $2.1M | 20.17% |
| BANK OF AMERICA CORPORATION | $1.3M | 13.18% |
| GOLDMAN SACHS GROUP INC (THE) | $1.0M | 10.00% |
| UBS GROUP AG | $916K | 8.97% |
| CITIGROUP INC | $604K | 5.91% |
| MACQUARIE GROUP LTD | $438K | 4.28% |
| JEFFERIES FINANCIAL GROUP INC | $395K | 3.87% |
| NOMURA HOLDINGS INC | $339K | 3.32% |
| ITAU UNIBANCO HOLDING SA | $264K | 2.59% |
Fidelity Advisor Focused Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FZAEX | Class Z | 0.80% | none |
| FIMKX | Class I | 0.91% | none |
| FAMKX | Class A | 1.17% | 5.75% |
| FTMKX | Class M | 1.42% | 3.50% |
| FMCKX | Class C | 1.92% | 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.