FCTDX Fees and Costs — Strategic Advisers Fidelity U.S. Total Stock Fund
Data updated: 2026-08-12
The net expense ratio is 0.28% (0.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25.7M in broker commissions, 0.0129% of average net assets, and portfolio turnover was 37%.
FCTDX Fees and Expenses
Annual operating expenses and sales charges of FCTDX. Prospectus, as of July 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.28% |
| 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 |
FCTDX Costs Over Time
On $10,000 invested in FCTDX, assuming 5% a year before costs, total costs come to $186 over 5 years, cutting the return by 0.31% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $101 | $186 |
| Value after costs | $10,469 | $11,475 | $12,577 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FCTDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0129%
- Total broker commissions: $25.7M
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $1.5B
- Net income from securities lending: $3.7M (0.002% of average net assets)
FCTDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $3.5M | 17.47% |
| JPMORGAN CHASE and CO | $3.0M | 15.00% |
| BANK OF AMERICA CORPORATION | $3.0M | 14.67% |
| MORGAN STANLEY | $2.5M | 12.40% |
| UBS GROUP AG | $2.1M | 10.17% |
| CITIGROUP INC | $2.0M | 9.65% |
| BARCLAYS PLC | $1.5M | 7.36% |
| JEFFERIES FINANCIAL GROUP INC | $1.1M | 5.37% |
| RBC Capital Markets, LLC | $991K | 4.89% |
| VIRTU FINANCIAL INC | $612K | 3.02% |
FCTDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE TORONTO DOMINION BANK | $253.1M | 16.69% |
| WELLS FARGO and CO | $239.8M | 15.81% |
| BANK OF MONTREAL QUE | $204.1M | 13.46% |
| BARCLAYS PLC | $163.8M | 10.80% |
| MORGAN STANLEY | $153.4M | 10.12% |
| JPMORGAN CHASE and CO | $140.3M | 9.25% |
| Instinet LTD | $129.5M | 8.54% |
| CITIGROUP INC | $80.5M | 5.31% |
| BANK OF AMERICA CORPORATION | $79.1M | 5.22% |
| ASL CAPITAL MARKETS INC | $72.8M | 4.80% |
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.