FAPFX Fees and Costs — Fidelity SAI Sustainable Low Duration Bond Fund
Data updated: 2026-07-24
The net expense ratio is 0.20%: a 0.20% management fee plus 0.23% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 57%.
FAPFX Fees and Expenses
Annual operating expenses and sales charges of FAPFX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FAPFX Costs Over Time
On $10,000 invested in FAPFX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
FAPFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $98.3M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
FAPFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $14.9M | 18.79% |
| BANK OF MONTREAL QUE | $14.2M | 17.89% |
| CITIGROUP INC | $12.7M | 16.04% |
| WELLS FARGO and CO | $8.1M | 10.22% |
| DEUTSCHE BANK AG | $7.3M | 9.24% |
| BANK OF AMERICA CORPORATION | $6.5M | 8.19% |
| MORGAN STANLEY | $5.2M | 6.54% |
| BARCLAYS PLC | $3.7M | 4.63% |
| JANE STREET GROUP LLC | $3.4M | 4.27% |
| GOLDMAN SACHS GROUP INC (THE) | $3.3M | 4.21% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.