C000218997 Fees and Costs — Fidelity Disruptive Automation Fund, Loyalty Class 2
Data updated: 2023-08-03
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $25K in broker commissions, 0.0239% of average net assets, and portfolio turnover was 22%.
C000218997 Fees and Expenses
Annual operating expenses and sales charges of C000218997. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
C000218997 Costs Over Time
On $10,000 invested in C000218997, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
C000218997 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0239%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $34K
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $87K (0.083% of average net assets)
C000218997 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE GROUP LTD | $5K | 23.12% |
| CITIGROUP INC | $5K | 22.87% |
| CITIC SECURITIES CO LTD | $3K | 12.27% |
| BANK OF AMERICA CORPORATION | $2K | 9.16% |
| JPMORGAN CHASE and CO | $2K | 8.12% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 7.47% |
| MORGAN STANLEY | $1K | 6.22% |
| LIQUIDNET HOLDINGS INC | $1000 | 4.44% |
| JEFFERIES GROUP LLC | $746 | 3.31% |
| NOMURA HOLDINGS INC | $681 | 3.02% |
C000218997 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $34K | 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.