C000174181 Fees and Costs — Fidelity Event Driven Opportunities Fund
Data updated: 2020-07-08
The net expense ratio is 1.05%: a 0.80% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $242K in broker commissions, 0.1961% of average net assets, and portfolio turnover was 95%.
C000174181 Fees and Expenses
Annual operating expenses and sales charges of C000174181. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
C000174181 Costs Over Time
On $10,000 invested in C000174181, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% 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 1.05%) | $110 | $343 | $593 |
| Trading costs (broker commissions) | $21 | $64 | $111 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $427 | $776 |
| Value after costs | $10,369 | $11,149 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
C000174181 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1961%
- Total broker commissions: $242K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $6.8M
- Net income from securities lending: $36K (0.030% of average net assets)
C000174181 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $22K | 14.39% |
| UBS GROUP AG | $20K | 13.47% |
| GOLDMAN SACHS GROUP INC (THE) | $19K | 12.41% |
| JPMORGAN CHASE and CO | $19K | 12.35% |
| BARCLAYS PLC (UNGTD) | $16K | 10.91% |
| BANK OF AMERICA CORPORATION | $16K | 10.38% |
| AXA SA | $12K | 7.92% |
| CREDIT SUISSE GRP AG | $10K | 6.62% |
| LIQUIDNET HOLDINGS INC | $9K | 5.83% |
| ROYAL BANK OF CANADA | $9K | 5.71% |
C000174181 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC (UNGTD) | $478K | 37.48% |
| NOMURA HOLDINGS INC | $299K | 23.43% |
| WELLS FARGO and CO | $239K | 18.76% |
| DEUTSCHE BANK AG | $109K | 8.59% |
| JPMORGAN CHASE and CO | $90K | 7.05% |
| BANK OF MONTREAL | $40K | 3.12% |
| CITIGROUP INC | $20K | 1.57% |
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.