FDEQX Fees and Costs — Fidelity Disciplined Equity Fund
Data updated: 2026-09-23
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $183K in broker commissions, 0.0089% of average net assets, and portfolio turnover was 53%.
FDEQX Fees and Expenses
Annual operating expenses and sales charges of FDEQX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
FDEQX Costs Over Time
On $10,000 invested in FDEQX, assuming 5% a year before costs, total costs come to $421 over 5 years, cutting the return by 0.70% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $231 | $421 |
| Value after costs | $10,430 | $11,345 | $12,342 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
FDEQX 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): 0.0089%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $2K (0.000% of average net assets)
FDEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $29K | 20.69% |
| BANK OF AMERICA CORPORATION | $21K | 15.41% |
| JPMORGAN CHASE and CO | $18K | 12.78% |
| MORGAN STANLEY | $14K | 9.99% |
| CITIGROUP INC | $12K | 8.80% |
| UBS GROUP AG | $11K | 8.01% |
| VIRTU FINANCIAL INC | $10K | 7.05% |
| BARCLAYS PLC | $9K | 6.19% |
| JEFFERIES FINANCIAL GROUP INC | $8K | 5.65% |
| BNP PARIBAS | $8K | 5.42% |
Fidelity Disciplined Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDEKX | Class K | 0.59% | — |
| FDEQX | Fidelity Disciplined Equity 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.