FASIX Fees and Costs — Fidelity Asset Manager 20%
Data updated: 2026-08-24
The net expense ratio is 0.49% (0.51% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $184K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 31%.
FASIX Fees and Expenses
Annual operating expenses and sales charges of FASIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.49% |
| 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 |
FASIX Costs Over Time
On $10,000 invested in FASIX, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $171 | $312 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
FASIX 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): 0.0034%
- Total broker commissions: $184K
- Bought from dealers (principal trades, not a cost): $57.9M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $9.4M
- Net income from securities lending: $27K (0.001% of average net assets)
FASIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $81K | 44.29% |
| JANE STREET GROUP LLC | $70K | 37.99% |
| MORGAN STANLEY | $15K | 8.21% |
| BANK OF AMERICA CORPORATION | $8K | 4.31% |
| UBS GROUP AG | $8K | 4.25% |
| BARCLAYS PLC | $2K | 0.94% |
FASIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $36.5M | 63.07% |
| CITADEL SECURITIES LP | $8.4M | 14.50% |
| JPMORGAN CHASE and CO | $5.9M | 10.17% |
| WELLS FARGO and CO | $5.5M | 9.55% |
| BANK OF MONTREAL QUE | $938K | 1.62% |
| CITIGROUP INC | $523K | 0.90% |
| DEUTSCHE BANK AG | $109K | 0.19% |
Fidelity Asset Manager 20% Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKVX | Class Z | 0.45% | none |
| FASIX | Fidelity Asset Manager 20% | 0.49% | — |
| FTIWX | Class I | 0.51% | none |
| FTAWX | Class A | 0.76% | 5.75% |
| FTDWX | Class M | 1.01% | 3.50% |
| FTCWX | Class C | 1.51% | 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.