FZAKX Fees and Costs — Fidelity Advisor Leveraged Company Stock Fund, Class Z
Data updated: 2024-10-15
The net expense ratio is 0.63%: a 0.61% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $258K in broker commissions, 0.0247% of average net assets, and portfolio turnover was 47%.
FZAKX Fees and Expenses
Annual operating expenses and sales charges of FZAKX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FZAKX Costs Over Time
On $10,000 invested in FZAKX, assuming 5% a year before costs, total costs come to $412 over 5 years, cutting the return by 0.69% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $412 |
| Value after costs | $10,431 | $11,350 | $12,350 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
FZAKX 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): 0.0247%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $283K
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $3.7M
- Net income from securities lending: $10K (0.001% of average net assets)
FZAKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $71K | 31.90% |
| MORGAN STANLEY | $41K | 18.55% |
| BANK OF AMERICA CORPORATION | $25K | 11.26% |
| CITIGROUP INC | $20K | 9.04% |
| GOLDMAN SACHS GROUP INC (THE) | $15K | 6.68% |
| BARCLAYS PLC | $13K | 5.84% |
| UBS GROUP AG | $12K | 5.60% |
| JEFFERIES FINANCIAL GROUP INC | $10K | 4.38% |
| ROYAL BANK OF CANADA | $9K | 3.93% |
| VIRTU FINANCIAL INC | $6K | 2.82% |
FZAKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $283K | 100.00% |
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.