# Fidelity Advisor Mid Cap II Fund Class Z (FZAMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fzamx 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: 2013-08-20 The primary objective of this fund is to achieve substantial capital growth over an extended period. A core component of its strategy involves dedicating at least 80% of its assets to companies characterized by their medium market capitalization. For the purposes of this fund, mid-sized companies are generally those with market capitalizations akin to the constituents of the Russell Midcap® Index or the S&P MidCap 400® Index. While predominantly investing in common equity securities, the fund maintains the flexibility to include businesses with either smaller or larger market values. Its po... ## Key Facts | Metric | Value | |---|---| | Price | $29.20 | | Expense Ratio | 0.58% | | AUM (All Share Classes) | $1.67B | | NAV | $29.20 | | Holdings Count | — | | Distribution Yield (TTM) | 5.91% | | Annual Distribution (TTM) | $1.73 /share | | Distribution Frequency | Irregular | | 52-Week Range | $24.17 – $31.52 | | Beta | 1.04 | ## Latest Distribution - Amount: $0.1870 /share - Ex-date: 2026-02-06 - Pay date: 2026-02-09 ## Frequently Asked Questions ### What does FZAMX invest in? The primary objective of this fund is to achieve substantial capital growth over an extended period. A core component of its strategy involves dedicating at least 80% of its assets to companies characterized by their medium market capitalization. For the purposes of this fund, mid-sized companies are generally those with market capitalizations akin to the constituents of the Russell Midcap® Index or the S&P MidCap 400® Index. While predominantly investing in common equity securities, the fund maintains the flexibility to include businesses with either smaller or larger market values. Its portfolio may comprise securities from both domestic and international issuers, and its investment approach can encompass growth-oriented stocks, value-oriented stocks, or a blend of both styles. ### What is the expense ratio of FZAMX? Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FZAMX? Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) is one share class of a fund that manages $1.67B across all of its share classes (FITIX 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 FZAMX actively managed or an index fund? FZAMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FZAMX's is 0.58%) in exchange for the discretion to over- or under-weight positions. ### When was FZAMX launched? Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) launched in August 2013 and is managed by Fidelity. ### How has FZAMX performed? FZAMX'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 FZAMX pay a dividend? Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) currently distributes little or no income. Trailing-twelve-month yield is 5.91%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FZAMX pay dividends? Fidelity Advisor Mid Cap II Fund Class Z pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FZAMX's dividend yield? FZAMX's trailing-twelve-month yield is 5.91%, calculated from the sum of dividends over the past year divided by the current price. ### When is FZAMX's next ex-dividend date? The most recently announced ex-dividend date for FZAMX was 2026-02-06. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will FZAMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.58% 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 FZAMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FZAMX'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 FZAMX cost more than a fund like VOO? FZAMX is actively managed (current expense ratio 0.58%). 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 FZAMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FZAMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FZAMX (0.58%) 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/fzamx - Distribution history: https://www.dividenddata.com/funds/fzamx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fzamx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fzamx/expenses - Peer comparison: https://www.dividenddata.com/funds/fzamx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.