C000234490 Fees and Costs — Fidelity Macro Opportunities Fund, Class A
Data updated: 2024-12-27
The net expense ratio is 1.09% (1.19% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $3K in broker commissions, 0.0237% of average net assets, and portfolio turnover was 22%.
C000234490 Fees and Expenses
Annual operating expenses and sales charges of C000234490. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000234490 Costs Over Time
On $10,000 invested in C000234490, assuming 5% a year before costs, total costs come to $1,389 over 5 years, cutting the return by 2.39% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.09%) | $108 | $336 | $582 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $29 | $108 | $219 |
| Total costs | $714 | $1,026 | $1,389 |
| Value after costs | $9,786 | $10,550 | $11,374 |
| Impact on return, per year | 7.14% | 3.20% | 2.39% |
C000234490 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
C000234490 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% |
C000234490 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.