C000048887 Fees and Costs — Fidelity Export and Multinational Fund
Data updated: 2021-04-23
The net expense ratio is 0.74%: a 0.53% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1.5M in broker commissions, 0.0999% of average net assets, and portfolio turnover was 137%.
C000048887 Fees and Expenses
Annual operating expenses and sales charges of C000048887. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000048887 Costs Over Time
On $10,000 invested in C000048887, assuming 5% a year before costs, total costs come to $527 over 5 years, cutting the return by 0.88% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $10 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $289 | $527 |
| Value after costs | $10,412 | $11,287 | $12,236 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
C000048887 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0999%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 137%
- Securities on loan, average value: $28.7M
- Net income from securities lending: $145K (0.010% of average net assets)
C000048887 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $270K | 22.06% |
| JPMORGAN CHASE and CO | $169K | 13.83% |
| CREDIT SUISSE GRP AG | $114K | 9.36% |
| MORGAN STANLEY | $114K | 9.32% |
| BANK OF AMERICA CORPORATION | $110K | 8.97% |
| VIRTU FINANCIAL INC | $107K | 8.71% |
| BARCLAYS PLC (UNGTD) | $100K | 8.14% |
| UBS GROUP AG | $99K | 8.07% |
| JEFFERIES GROUP LLC | $77K | 6.31% |
| CITIGROUP INC | $64K | 5.23% |
C000048887 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $525K | 30.62% |
| GOLDMAN SACHS GROUP INC (THE) | $323K | 18.81% |
| UBS GROUP AG | $227K | 13.20% |
| CREDIT SUISSE GRP AG | $207K | 12.06% |
| JPMORGAN CHASE and CO | $186K | 10.83% |
| BANK OF AMERICA CORPORATION | $158K | 9.18% |
| BARCLAYS PLC (UNGTD) | $49K | 2.86% |
| MORGAN STANLEY | $42K | 2.45% |
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.