FEMVX Fees and Costs — Fidelity SAI Emerging Markets Value Index Fund
Data updated: 2026-09-23
The net expense ratio is 0.20%: a 0.15% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.0269% of average net assets, and portfolio turnover was 31%.
FEMVX Fees and Expenses
Annual operating expenses and sales charges of FEMVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
FEMVX Costs Over Time
On $10,000 invested in FEMVX, assuming 5% a year before costs, total costs come to $144 over 5 years, cutting the return by 0.24% 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 0.20%) | $21 | $66 | $115 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $79 | $144 |
| Value after costs | $10,476 | $11,498 | $12,619 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
FEMVX 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): 0.0269%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $10.8M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $25.5M
- Net income from securities lending: $361K (0.005% of average net assets)
FEMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS GROUP AG | $976K | 49.37% |
| JPMORGAN CHASE and CO | $484K | 24.50% |
| BARCLAYS PLC | $186K | 9.40% |
| MACQUARIE GROUP LTD | $142K | 7.16% |
| BANK OF AMERICA CORPORATION | $76K | 3.83% |
| GOLDMAN SACHS GROUP INC (THE) | $61K | 3.07% |
| NOMURA HOLDINGS INC | $44K | 2.23% |
| MORGAN STANLEY | $9K | 0.44% |
FEMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $7.1M | 66.23% |
| CITIGROUP INC | $3.6M | 33.77% |
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.