C000205028 Fees and Costs — Fidelity Latin America Fund, Class Z
Data updated: 2024-09-25
The net expense ratio is 0.82%: a 0.72% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $256K in broker commissions, 0.0964% of average net assets, and portfolio turnover was 37%.
C000205028 Fees and Expenses
Annual operating expenses and sales charges of C000205028. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| 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 |
C000205028 Costs Over Time
On $10,000 invested in C000205028, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000205028 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): 0.0964%
- Total broker commissions: $256K
- Bought from dealers (principal trades, not a cost): $10.0M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $20K (0.007% of average net assets)
C000205028 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $62K | 25.03% |
| JPMORGAN CHASE and CO | $49K | 19.75% |
| MORGAN STANLEY | $28K | 11.41% |
| GRUPO BTG PACTUAL | $20K | 8.07% |
| ITAU UNIBANCO HOLDING SA | $19K | 7.67% |
| GOLDMAN SACHS GROUP INC (THE) | $18K | 7.37% |
| BANK OF AMERICA CORPORATION | $18K | 7.31% |
| CREDIT SUISSE GRP AG | $18K | 7.12% |
| XP INVESTMENTS US LLC | $8K | 3.30% |
| HSBC HOLDINGS PLC | $7K | 2.96% |
C000205028 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GRUPO BTG PACTUAL | $6.9M | 68.99% |
| ITAU UNIBANCO HOLDING SA | $2.6M | 26.39% |
| UBS GROUP AG | $464K | 4.63% |
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.