FAASX Fees and Costs — Fidelity Asset Manager 70%, Class A
Data updated: 2026-08-24
The net expense ratio is 0.92% (0.95% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $146K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 29%.
FAASX Fees and Expenses
Annual operating expenses and sales charges of FAASX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.92% |
| 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 |
FAASX Costs Over Time
On $10,000 invested in FAASX, assuming 5% a year before costs, total costs come to $1,278 over 5 years, cutting the return by 2.19% 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 0.92%) | $91 | $284 | $493 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $29 | $105 | $209 |
| Total costs | $695 | $965 | $1,278 |
| Value after costs | $9,805 | $10,612 | $11,484 |
| Impact on return, per year | 6.95% | 3.00% | 2.19% |
FAASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0022%
- Total broker commissions: $146K
- Bought from dealers (principal trades, not a cost): $32.7M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $14.9M
- Net income from securities lending: $22K (0.000% of average net assets)
FAASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $62K | 42.18% |
| JANE STREET GROUP LLC | $54K | 36.89% |
| MORGAN STANLEY | $16K | 11.25% |
| UBS GROUP AG | $6K | 4.41% |
| BANK OF AMERICA CORPORATION | $5K | 3.08% |
| BARCLAYS PLC | $2K | 1.40% |
| JPMORGAN CHASE and CO | $978 | 0.67% |
| ROYAL BANK OF CANADA | $185 | 0.13% |
FAASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $18.4M | 56.45% |
| CITIGROUP INC | $4.7M | 14.35% |
| CITADEL SECURITIES LP | $2.8M | 8.47% |
| DEUTSCHE BANK AG | $2.6M | 8.04% |
| BANK OF MONTREAL QUE | $2.5M | 7.52% |
| GOLDMAN SACHS GROUP INC (THE) | $1.7M | 5.11% |
| BARCLAYS PLC | $20K | 0.06% |
Fidelity Asset Manager 70% Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIQBX | Class Z | 0.55% | none |
| FASGX | Fidelity Asset Manager 70% | 0.63% | — |
| FAAIX | Class I | 0.67% | none |
| FAASX | Class A | 0.92% | 5.75% |
| FTASX | Class M | 1.17% | 3.50% |
| FCASX | Class C | 1.67% | none |
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.