C000177600 Fees and Costs — Fidelity Flex Real Estate Fund
Data updated: 2022-06-24
The net expense ratio is 0.00%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $980 in broker commissions, 0.0828% of average net assets, and portfolio turnover was 130%.
C000177600 Fees and Expenses
Annual operating expenses and sales charges of C000177600. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000177600 Costs Over Time
On $10,000 invested in C000177600, assuming 5% a year before costs, total costs come to $53 over 5 years, cutting the return by 0.09% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $9 | $27 | $48 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $29 | $53 |
| Value after costs | $10,491 | $11,548 | $12,710 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
C000177600 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0828%
- Total broker commissions: $980
- Bought from dealers (principal trades, not a cost): $18K
- Portfolio turnover (prospectus): 130%
- Securities lending: none during the year
C000177600 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $148 | 17.74% |
| BARCLAYS PLC (UNGTD) | $124 | 14.80% |
| UBS GROUP AG | $104 | 12.45% |
| GOLDMAN SACHS GROUP INC (THE) | $99 | 11.86% |
| CREDIT SUISSE GRP AG | $95 | 11.39% |
| BANK OF AMERICA CORPORATION | $69 | 8.21% |
| JPMORGAN CHASE and CO | $68 | 8.12% |
| ROYAL BANK OF CANADA | $52 | 6.25% |
| JEFFERIES GROUP LLC | $47 | 5.62% |
| CITIGROUP INC | $30 | 3.56% |
C000177600 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $8K | 45.63% |
| MORGAN STANLEY | $7K | 38.85% |
| CITIGROUP INC | $2K | 13.35% |
| GOLDMAN SACHS GROUP INC (THE) | $381 | 2.18% |
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.