FEMSX Fees and Costs — Fidelity Series Emerging Markets Opportunities Fund
Data updated: 2026-09-23
The net expense ratio is 0.01% (0.02% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $25.0M in broker commissions, 0.1078% of average net assets, and portfolio turnover was 45%.
FEMSX Fees and Expenses
Annual operating expenses and sales charges of FEMSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.02% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.01% |
| 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 |
FEMSX Costs Over Time
On $10,000 invested in FEMSX, assuming 5% a year before costs, total costs come to $75 over 5 years, cutting the return by 0.12% 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $11 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $12 | $41 | $75 |
| Value after costs | $10,488 | $11,535 | $12,688 |
| Impact on return, per year | 0.12% | 0.12% | 0.12% |
FEMSX 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): 0.1078%
- Total broker commissions: $25.0M
- Bought from dealers (principal trades, not a cost): $53.9M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $223.1M
- Net income from securities lending: $3.7M (0.016% of average net assets)
FEMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $4.4M | 20.23% |
| JPMORGAN CHASE and CO | $3.4M | 15.51% |
| CITIGROUP INC | $2.7M | 12.53% |
| BANK OF AMERICA CORPORATION | $2.7M | 12.27% |
| GOLDMAN SACHS GROUP INC (THE) | $2.7M | 12.24% |
| UBS GROUP AG | $1.9M | 8.88% |
| JEFFERIES FINANCIAL GROUP INC | $1.5M | 6.93% |
| MACQUARIE GROUP LTD | $1.0M | 4.63% |
| NOMURA HOLDINGS INC | $799K | 3.67% |
| CITIC SECURITIES CO LTD | $679K | 3.12% |
FEMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK AG | $18.3M | 33.93% |
| MORGAN STANLEY | $10.7M | 19.77% |
| BANK OF MONTREAL QUE | $6.4M | 11.92% |
| JEFFERIES FINANCIAL GROUP INC | $6.4M | 11.90% |
| WELLS FARGO and CO | $5.4M | 9.94% |
| CITIGROUP INC | $4.2M | 7.84% |
| NOMURA HOLDINGS INC | $1.9M | 3.43% |
| BARCLAYS PLC | $683K | 1.27% |
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.