FEDMX Fees and Costs — Fidelity Emerging Markets Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.14%: a 0.86% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $5.6M in broker commissions, 0.0713% of average net assets, and portfolio turnover was 31%.
FEDMX Fees and Expenses
Annual operating expenses and sales charges of FEDMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FEDMX Costs Over Time
On $10,000 invested in FEDMX, assuming 5% a year before costs, total costs come to $1,445 over 5 years, cutting the return by 2.49% 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 1.14%) | $113 | $351 | $608 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $29 | $109 | $224 |
| Total costs | $724 | $1,057 | $1,445 |
| Value after costs | $9,776 | $10,519 | $11,318 |
| Impact on return, per year | 7.24% | 3.30% | 2.49% |
FEDMX 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): 0.0713%
- Total broker commissions: $5.6M
- Bought from dealers (principal trades, not a cost): $16.1M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $31.3M
- Net income from securities lending: $157K (0.002% of average net assets)
FEDMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $848K | 17.01% |
| JPMORGAN CHASE and CO | $838K | 16.80% |
| GOLDMAN SACHS GROUP INC (THE) | $791K | 15.85% |
| BANK OF AMERICA CORPORATION | $664K | 13.30% |
| CITIGROUP INC | $511K | 10.24% |
| JEFFERIES FINANCIAL GROUP INC | $369K | 7.39% |
| UBS GROUP AG | $363K | 7.28% |
| NOMURA HOLDINGS INC | $329K | 6.59% |
| MACQUARIE GROUP LTD | $165K | 3.31% |
| CITIC SECURITIES CO LTD | $111K | 2.22% |
FEDMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $16.1M | 100.00% |
Fidelity Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FZEMX | Class Z | 0.73% | none |
| FKEMX | Class K | 0.74% | — |
| FEMKX | Fidelity Emerging Markets Fund | 0.86% | — |
| FECMX | Class I | 0.87% | none |
| FEDMX | Class A | 1.14% | 5.75% |
| FEQMX | Class M | 1.39% | 3.50% |
| FEMMX | Class C | 1.89% | 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.