C000063413 Fees and Costs — Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund, Class A
Data updated: 2021-06-28
The net expense ratio is 1.55%: a 0.79% management fee, a 0.25% 12b-1 fee plus 0.58% other expenses, less a 0.07% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $158K in broker commissions, 0.1880% of average net assets, and portfolio turnover was 55%.
C000063413 Fees and Expenses
Annual operating expenses and sales charges of C000063413. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000063413 Costs Over Time
On $10,000 invested in C000063413, assuming 5% a year before costs, total costs come to $1,743 over 5 years, cutting the return by 3.04% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.55%) | $153 | $475 | $817 |
| Trading costs (broker commissions) | $19 | $58 | $99 |
| Lost growth on money paid in costs | $29 | $117 | $252 |
| Total costs | $776 | $1,225 | $1,743 |
| Value after costs | $9,724 | $10,352 | $11,019 |
| Impact on return, per year | 7.76% | 3.84% | 3.04% |
C000063413 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1880%
- Total broker commissions: $158K
- Bought from dealers (principal trades, not a cost): $197K
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $478K
- Net income from securities lending: $13K (0.015% of average net assets)
C000063413 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $29K | 23.51% |
| GOLDMAN SACHS GROUP INC (THE) | $21K | 16.83% |
| MORGAN STANLEY | $18K | 15.06% |
| JPMORGAN CHASE and CO | $11K | 8.65% |
| CREDIT SUISSE GRP AG | $9K | 7.43% |
| EFG HERMES HOLDING SAE | $9K | 7.38% |
| HSBC HOLDINGS PLC | $9K | 6.99% |
| UBS GROUP AG | $8K | 6.65% |
| WOOD and COMPANY FINANCIAL SERVICES | $5K | 4.19% |
| VIRTU ITG HOLDINGS LLC | $4K | 3.30% |
C000063413 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $197K | 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.