# Fidelity Advisor Small Cap Value Fund Class I (FCVIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fcvix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Actively Managed · Inception: 2004-11-04 The investment seeks capital appreciation. The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies with small market capitalizations. The fund invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). It invests in domestic and foreign issuers. ## Key Facts | Metric | Value | |---|---| | Price | $21.04 | | Expense Ratio | 0.95% | | AUM (All Share Classes) | $5.07B | | NAV | $21.04 | | Holdings Count | — | | Distribution Yield (TTM) | 18.00% | | Annual Distribution (TTM) | $3.79 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $19.51 – $25.99 | | Beta | 1.07 | ## Latest Distribution - Amount: $3.1780 /share - Ex-date: 2026-09-11 - Pay date: 2026-09-14 ## Frequently Asked Questions ### What does FCVIX invest in? The investment seeks capital appreciation. The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies with small market capitalizations. The fund invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). It invests in domestic and foreign issuers. ### What is the expense ratio of FCVIX? Fidelity Advisor Small Cap Value Fund Class I (FCVIX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FCVIX? Fidelity Advisor Small Cap Value Fund Class I (FCVIX) is one share class of a fund that manages $5.07B across all of its share classes (FCPVX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FCVIX actively managed or an index fund? FCVIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FCVIX's is 0.95%) in exchange for the discretion to over- or under-weight positions. ### When was FCVIX launched? Fidelity Advisor Small Cap Value Fund Class I (FCVIX) launched in November 2004 and is managed by Fidelity. ### How has FCVIX performed? FCVIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FCVIX pay a dividend? Fidelity Advisor Small Cap Value Fund Class I (FCVIX) currently distributes little or no income. Trailing-twelve-month yield is 18.00%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FCVIX pay dividends? Fidelity Advisor Small Cap Value Fund Class I pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FCVIX's dividend yield? FCVIX's trailing-twelve-month yield is 18.00%, calculated from the sum of dividends over the past year divided by the current price. ### When is FCVIX's next ex-dividend date? The most recently announced ex-dividend date for FCVIX was 2026-09-11. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FCVIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FCVIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FCVIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FCVIX cost more than a fund like VOO? FCVIX is actively managed (current expense ratio 0.95%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FCVIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FCVIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FCVIX (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fcvix - Distribution history: https://www.dividenddata.com/funds/fcvix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fcvix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fcvix/expenses - Peer comparison: https://www.dividenddata.com/funds/fcvix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.