FASWX Fees and Costs — Fidelity SAI Sustainable Municipal Income Fund
Data updated: 2026-09-23
The net expense ratio is 0.36%: a 0.33% management fee plus 0.20% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 10%.
FASWX Fees and Expenses
Annual operating expenses and sales charges of FASWX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.36% |
| 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 |
FASWX Costs Over Time
On $10,000 invested in FASWX, assuming 5% a year before costs, total costs come to $228 over 5 years, cutting the return by 0.38% 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 0.36%) | $38 | $119 | $207 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $228 |
| Value after costs | $10,462 | $11,452 | $12,535 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
FASWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $67.0M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FASWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $8.5M | 15.80% |
| JPMORGAN CHASE and CO | $8.1M | 15.12% |
| GOLDMAN SACHS GROUP INC (THE) | $7.1M | 13.20% |
| MORGAN STANLEY | $6.1M | 11.44% |
| WELLS FARGO and CO | $5.0M | 9.25% |
| ROYAL BANK OF CANADA | $4.6M | 8.65% |
| TRUIST FINANCIAL CORP | $4.2M | 7.84% |
| JEFFERIES FINANCIAL GROUP INC | $3.7M | 6.98% |
| BANK OF AMERICA CORPORATION | $3.5M | 6.59% |
| RAYMOND JAMES FINANCIAL INC. | $2.7M | 5.13% |
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.