FBLEX Fees and Costs — Fidelity Series Stock Selector Large Cap Value Fund
Data updated: 2026-09-23
The net expense ratio is 0.00%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.0M in broker commissions, 0.0224% of average net assets, and portfolio turnover was 76%.
FBLEX Fees and Expenses
Annual operating expenses and sales charges of FBLEX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| 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 |
FBLEX Costs Over Time
On $10,000 invested in FBLEX, assuming 5% a year before costs, total costs come to $14 over 5 years, cutting the return by 0.02% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $8 | $14 |
| Value after costs | $10,498 | $11,568 | $12,749 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
FBLEX 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): 0.0224%
- Total broker commissions: $3.0M
- Bought from dealers (principal trades, not a cost): $52.4M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $99.4M
- Net income from securities lending: $192K (0.001% of average net assets)
FBLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $455K | 19.81% |
| BANK OF AMERICA CORPORATION | $340K | 14.80% |
| JPMORGAN CHASE and CO | $295K | 12.87% |
| MORGAN STANLEY | $292K | 12.74% |
| UBS GROUP AG | $218K | 9.52% |
| BARCLAYS PLC | $167K | 7.28% |
| ROYAL BANK OF CANADA | $165K | 7.18% |
| CITIGROUP INC | $165K | 7.17% |
| BANK OF MONTREAL QUE | $100K | 4.34% |
| VIRTU FINANCIAL INC | $98K | 4.29% |
FBLEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE TORONTO DOMINION BANK | $28.3M | 53.98% |
| GOLDMAN SACHS GROUP INC (THE) | $9.4M | 17.87% |
| MORGAN STANLEY | $7.4M | 14.13% |
| JPMORGAN CHASE and CO | $7.3M | 14.02% |
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.