FCNWX Fees and Costs — Fidelity Conservative Income Bond Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.25%: a 0.20% management fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 73%.
FCNWX Fees and Expenses
Annual operating expenses and sales charges of FCNWX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.37% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FCNWX Costs Over Time
On $10,000 invested in FCNWX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
FCNWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $8.2B
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
FCNWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $1.3B | 21.58% |
| BANK OF AMERICA CORPORATION | $1.2B | 18.96% |
| DEUTSCHE BANK AG | $716.4M | 11.58% |
| CITIGROUP INC | $579.0M | 9.36% |
| BARCLAYS PLC | $555.7M | 8.98% |
| JPMORGAN CHASE and CO | $397.7M | 6.43% |
| THE TORONTO DOMINION BANK | $390.0M | 6.30% |
| TP ICAP GROUP PLC | $389.5M | 6.30% |
| GOLDMAN SACHS GROUP INC (THE) | $337.6M | 5.46% |
| WELLS FARGO and CO | $313.1M | 5.06% |
Fidelity Conservative Income Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCNYX | Class Z | 0.20% | none |
| FCNVX | Fidelity Conservative Income Bond Fund | 0.25% | — |
| FCNWX | Class I | 0.25% | none |
| FCNQX | Class A | 0.45% | 1.50% |
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.