Fidelity Investments has introduced its first mutual fund shares with back-end sales fees for eight of its Fidelity Advisor Funds, the company said.

The Class B shares offer a maximum back-end sales charge of 4%. The sales charge declines to zero depending on how long an investor owns the fund. The shares differ from the traditional Class A shares in which an investor pays a sales fee of 4.75% at the time of purchase.

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