FASYX Fees and Costs — Fidelity SAI Sustainable Conservative Income Municipal Bond Fund
Data updated: 2026-09-23
The net expense ratio is 0.20%: a 0.20% management fee plus 0.40% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 70%.
FASYX Fees and Expenses
Annual operating expenses and sales charges of FASYX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.40% |
| 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 |
FASYX Costs Over Time
On $10,000 invested in FASYX, 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% |
FASYX 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): $16.9M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
FASYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $5.5M | 36.02% |
| JPMORGAN CHASE and CO | $2.6M | 16.92% |
| MORGAN STANLEY | $1.8M | 11.55% |
| BARCLAYS PLC | $1.3M | 8.45% |
| ROYAL BANK OF CANADA | $1.2M | 7.99% |
| GOLDMAN SACHS GROUP INC (THE) | $909K | 5.93% |
| STIFEL FINANCIAL CORP | $600K | 3.91% |
| TRUIST FINANCIAL CORP | $550K | 3.59% |
| RAYMOND JAMES FINANCIAL INC. | $450K | 2.93% |
| WELLS FARGO and CO | $416K | 2.71% |
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.