C000105584 Fees and Costs — Fidelity Total Emerging Markets Fund, Class A
Data updated: 2024-06-28
The net expense ratio is 1.39%: a 0.98% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $175K in broker commissions, 0.0722% of average net assets, and portfolio turnover was 33%.
C000105584 Fees and Expenses
Annual operating expenses and sales charges of C000105584. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| 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 |
C000105584 Costs Over Time
On $10,000 invested in C000105584, assuming 5% a year before costs, total costs come to $1,588 over 5 years, cutting the return by 2.75% 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 1.39%) | $138 | $427 | $737 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $29 | $113 | $238 |
| Total costs | $748 | $1,137 | $1,588 |
| Value after costs | $9,752 | $10,439 | $11,175 |
| Impact on return, per year | 7.48% | 3.56% | 2.75% |
C000105584 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0722%
- Total broker commissions: $175K
- Bought from dealers (principal trades, not a cost): $47.4M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $468K
- Net income from securities lending: $4K (0.002% of average net assets)
C000105584 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $31K | 21.49% |
| MORGAN STANLEY | $18K | 12.64% |
| GOLDMAN SACHS GROUP INC (THE) | $17K | 11.75% |
| CITIGROUP INC | $17K | 11.62% |
| UBS GROUP AG | $16K | 11.17% |
| BANK OF AMERICA CORPORATION | $15K | 10.29% |
| MACQUARIE GROUP LTD | $9K | 6.41% |
| CITIC SECURITIES CO LTD | $8K | 5.78% |
| CREDIT SUISSE GRP AG | $7K | 4.54% |
| NOMURA HOLDINGS INC | $6K | 4.30% |
C000105584 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $7.7M | 18.61% |
| BARCLAYS PLC | $5.4M | 13.02% |
| HSBC HOLDINGS PLC | $5.1M | 12.42% |
| GOLDMAN SACHS GROUP INC (THE) | $4.8M | 11.54% |
| JPMORGAN CHASE and CO | $4.7M | 11.27% |
| BANK OF AMERICA CORPORATION | $3.9M | 9.46% |
| MORGAN STANLEY | $2.8M | 6.85% |
| BNP PARIBAS | $2.8M | 6.83% |
| JEFFERIES GROUP LLC | $2.2M | 5.34% |
| DEUTSCHE BANK AG | $1.9M | 4.67% |
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.