C000219000 Fees and Costs — Fidelity Disruptive Communications Fund, Loyalty 1
Data updated: 2023-08-03
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0177% of average net assets, and portfolio turnover was 32%.
C000219000 Fees and Expenses
Annual operating expenses and sales charges of C000219000. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
C000219000 Costs Over Time
On $10,000 invested in C000219000, assuming 5% a year before costs, total costs come to $482 over 5 years, cutting the return by 0.81% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $482 |
| Value after costs | $10,419 | $11,312 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000219000 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): 0.0177%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $133K
- Net income from securities lending: $626 (0.002% of average net assets)
C000219000 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $1K | 17.46% |
| UBS GROUP AG | $899 | 15.50% |
| GOLDMAN SACHS GROUP INC (THE) | $762 | 13.14% |
| BANK OF AMERICA CORPORATION | $751 | 12.96% |
| JPMORGAN CHASE and CO | $674 | 11.62% |
| VIRTU FINANCIAL INC | $424 | 7.31% |
| NOMURA HOLDINGS INC | $397 | 6.84% |
| ROYAL BANK OF CANADA | $339 | 5.84% |
| CITIGROUP INC | $294 | 5.08% |
| EXANE SA | $247 | 4.25% |
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.