FAGIX Fees and Costs — Fidelity Capital and Income Fund
Data updated: 2026-09-23
The net expense ratio is 0.86% (0.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $370K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 26%.
FAGIX Fees and Expenses
Annual operating expenses and sales charges of FAGIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.86% |
| 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 |
FAGIX Costs Over Time
On $10,000 invested in FAGIX, assuming 5% a year before costs, total costs come to $541 over 5 years, cutting the return by 0.91% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $297 | $541 |
| Value after costs | $10,409 | $11,279 | $12,222 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
FAGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $370K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $48.7M
- Net income from securities lending: $185K (0.001% of average net assets)
FAGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $113K | 33.37% |
| BANK OF AMERICA CORPORATION | $79K | 23.30% |
| UBS GROUP AG | $33K | 9.76% |
| GOLDMAN SACHS GROUP INC (THE) | $32K | 9.57% |
| BARCLAYS PLC | $24K | 7.18% |
| ROYAL BANK OF CANADA | $20K | 5.93% |
| VIRTU FINANCIAL INC | $11K | 3.21% |
| MORGAN STANLEY | $11K | 3.10% |
| JPMORGAN CHASE and CO | $10K | 3.09% |
| WELLS FARGO and CO | $5K | 1.50% |
FAGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $478.9M | 19.44% |
| MORGAN STANLEY | $429.3M | 17.42% |
| BANK OF AMERICA CORPORATION | $372.9M | 15.13% |
| GOLDMAN SACHS GROUP INC (THE) | $333.4M | 13.53% |
| CITIGROUP INC | $314.8M | 12.78% |
| BARCLAYS PLC | $216.7M | 8.79% |
| JEFFERIES FINANCIAL GROUP INC | $130.2M | 5.29% |
| WELLS FARGO and CO | $91.2M | 3.70% |
| ROYAL BANK OF CANADA | $52.0M | 2.11% |
| SEAPORT GROUP LLC (THE) | $44.6M | 1.81% |
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.