FEDAX Fees and Costs — Fidelity Emerging Markets Discovery Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.26%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.1007% of average net assets, and portfolio turnover was 38%.
FEDAX Fees and Expenses
Annual operating expenses and sales charges of FEDAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.26% |
| Fee waiver | — |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FEDAX Costs Over Time
On $10,000 invested in FEDAX, assuming 5% a year before costs, total costs come to $1,530 over 5 years, cutting the return by 2.65% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.26%) | $125 | $388 | $670 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $29 | $111 | $232 |
| Total costs | $738 | $1,105 | $1,530 |
| Value after costs | $9,762 | $10,471 | $11,233 |
| Impact on return, per year | 7.38% | 3.45% | 2.65% |
FEDAX 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): 0.1007%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $20.2M
- Net income from securities lending: $80K (0.007% of average net assets)
FEDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $161K | 16.79% |
| JEFFERIES FINANCIAL GROUP INC | $120K | 12.54% |
| UBS GROUP AG | $120K | 12.50% |
| GOLDMAN SACHS GROUP INC (THE) | $112K | 11.76% |
| MORGAN STANLEY | $102K | 10.64% |
| CITIGROUP INC | $93K | 9.75% |
| MACQUARIE GROUP LTD | $73K | 7.62% |
| JPMORGAN CHASE and CO | $72K | 7.48% |
| CITIC SECURITIES CO LTD | $56K | 5.90% |
| BNP PARIBAS | $48K | 5.03% |
Fidelity Emerging Markets Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIQGX | Class Z | 0.89% | none |
| FEDDX | Fidelity Emerging Markets Discovery Fund | 0.97% | — |
| FEDIX | Class I | 1.01% | none |
| FEDAX | Class A | 1.26% | 5.75% |
| FEDTX | Class M | 1.51% | 3.50% |
| FEDGX | Class C | 2.01% | none |
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.