C000234488 Fees and Costs — Fidelity Macro Opportunities Fund, Class Z
Data updated: 2024-12-27
The net expense ratio is 0.79% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0237% of average net assets, and portfolio turnover was 22%.
C000234488 Fees and Expenses
Annual operating expenses and sales charges of C000234488. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.79% |
| 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 |
C000234488 Costs Over Time
On $10,000 invested in C000234488, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.85% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $511 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000234488 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0237%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $2.7M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000234488 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2K | 90.80% |
| BANK OF AMERICA CORPORATION | $153 | 5.98% |
| BARCLAYS PLC | $72 | 2.82% |
| UBS GROUP AG | $10 | 0.40% |
C000234488 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $794K | 29.61% |
| BANK OF MONTREAL QUE | $691K | 25.75% |
| DEUTSCHE BANK AG | $317K | 11.80% |
| WELLS FARGO and CO | $287K | 10.68% |
| JEFFERIES GROUP LLC | $218K | 8.13% |
| NOMURA HOLDINGS INC | $169K | 6.28% |
| JPMORGAN CHASE and CO | $159K | 5.91% |
| BANK OF AMERICA CORPORATION | $20K | 0.74% |
| JEFFERIES FINANCIAL GROUP INC | $20K | 0.74% |
| BARCLAYS PLC | $10K | 0.37% |
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.