FCAKX Fees and Costs — Fidelity Capital Appreciation Fund, Class K
Data updated: 2026-09-23
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.1M in broker commissions, 0.0314% of average net assets, and portfolio turnover was 84%.
FCAKX Fees and Expenses
Annual operating expenses and sales charges of FCAKX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
FCAKX Costs Over Time
On $10,000 invested in FCAKX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,365 | $12,377 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
FCAKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0314%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): $18.9M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $58.0M
- Net income from securities lending: $1.4M (0.020% of average net assets)
FCAKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $345K | 20.82% |
| MORGAN STANLEY | $281K | 16.96% |
| BANK OF AMERICA CORPORATION | $225K | 13.56% |
| GOLDMAN SACHS GROUP INC (THE) | $220K | 13.27% |
| UBS GROUP AG | $162K | 9.79% |
| CITIGROUP INC | $140K | 8.46% |
| JEFFERIES FINANCIAL GROUP INC | $100K | 6.00% |
| ROYAL BANK OF CANADA | $66K | 3.98% |
| VIRTU FINANCIAL INC | $61K | 3.69% |
| NOMURA HOLDINGS INC | $57K | 3.46% |
FCAKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $10.5M | 55.55% |
| JPMORGAN CHASE and CO | $8.1M | 42.67% |
| CITIGROUP INC | $338K | 1.78% |
Fidelity Capital Appreciation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCAKX | Class K | 0.58% | — |
| FDCAX | Fidelity Capital Appreciation Fund | 0.66% | — |
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.