FEPIX Fees and Costs — Fidelity Total Bond Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.50%: a 0.28% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $687K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 211%.
FEPIX Fees and Expenses
Annual operating expenses and sales charges of FEPIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FEPIX Costs Over Time
On $10,000 invested in FEPIX, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
FEPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $687K
- Bought from dealers (principal trades, not a cost): $166.5B
- Portfolio turnover (prospectus): 211%
- Securities on loan, average value: $149.4M
- Net income from securities lending: $856K (0.002% of average net assets)
FEPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $664K | 96.77% |
| JPMORGAN CHASE and CO | $17K | 2.47% |
| GOLDMAN SACHS GROUP INC (THE) | $4K | 0.64% |
| BANK OF AMERICA CORPORATION | $280 | 0.04% |
| VIRTU FINANCIAL INC | $214 | 0.03% |
| CONDOR TRADING LLC | $94 | 0.01% |
| CITIGROUP INC | $92 | 0.01% |
| UBS GROUP AG | $70 | 0.01% |
| JEFFERIES FINANCIAL GROUP INC | $54 | 0.01% |
| LIQUIDNET HOLDINGS INC | $49 | 0.01% |
FEPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $34.8B | 21.53% |
| MORGAN STANLEY | $27.8B | 17.23% |
| BARCLAYS PLC | $23.8B | 14.73% |
| JPMORGAN CHASE and CO | $22.4B | 13.86% |
| CITIGROUP INC | $18.4B | 11.37% |
| BANK OF AMERICA CORPORATION | $17.3B | 10.71% |
| WELLS FARGO and CO | $8.2B | 5.05% |
| MIZUHO FINANCIAL GROUP INC | $5.5B | 3.41% |
| BNP PARIBAS | $2.4B | 1.49% |
| DEUTSCHE BANK AG | $1.0B | 0.63% |
Fidelity Total Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FBKWX | Class Z | 0.36% | none |
| FTBFX | Fidelity Total Bond Fund | 0.45% | — |
| FEPIX | Class I | 0.50% | none |
| FEPAX | Class A | 0.75% | 4.00% |
| FEPTX | Class M | 0.75% | 4.00% |
| FCEPX | Class C | 1.51% | 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.