C000063417 Fees and Costs — Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund, Class I
Data updated: 2021-06-28
The net expense ratio is 1.30%: a 0.79% management fee plus 0.60% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $158K in broker commissions, 0.1880% of average net assets, and portfolio turnover was 55%.
C000063417 Fees and Expenses
Annual operating expenses and sales charges of C000063417. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000063417 Costs Over Time
On $10,000 invested in C000063417, assuming 5% a year before costs, total costs come to $922 over 5 years, cutting the return by 1.56% 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 1.30%) | $136 | $424 | $731 |
| Trading costs (broker commissions) | $20 | $61 | $106 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $922 |
| Value after costs | $10,344 | $11,067 | $11,841 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
C000063417 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)
C000063417 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% |
C000063417 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.