FFNAX Fees and Costs — Fidelity Asset Manager 40%, Class A
Data updated: 2026-08-24
The net expense ratio is 0.78% (0.80% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $52K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 27%.
FFNAX Fees and Expenses
Annual operating expenses and sales charges of FFNAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.78% |
| 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 |
FFNAX Costs Over Time
On $10,000 invested in FFNAX, assuming 5% a year before costs, total costs come to $1,197 over 5 years, cutting the return by 2.05% 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 0.78%) | $77 | $241 | $420 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $29 | $103 | $201 |
| Total costs | $681 | $920 | $1,197 |
| Value after costs | $9,819 | $10,657 | $11,566 |
| Impact on return, per year | 6.81% | 2.86% | 2.05% |
FFNAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $25.4M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $5K (0.000% of average net assets)
FFNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $21K | 40.72% |
| JANE STREET GROUP LLC | $17K | 32.99% |
| MORGAN STANLEY | $6K | 11.57% |
| BANK OF AMERICA CORPORATION | $4K | 6.74% |
| UBS GROUP AG | $3K | 6.39% |
| BARCLAYS PLC | $755 | 1.44% |
| ROYAL BANK OF CANADA | $79 | 0.15% |
FFNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $15.5M | 60.77% |
| JPMORGAN CHASE and CO | $3.5M | 13.69% |
| WELLS FARGO and CO | $3.2M | 12.76% |
| CITADEL SECURITIES LP | $2.0M | 7.89% |
| CITIGROUP INC | $661K | 2.60% |
| BANK OF MONTREAL QUE | $454K | 1.79% |
| MORGAN STANLEY | $89K | 0.35% |
| DEUTSCHE BANK AG | $39K | 0.16% |
Fidelity Asset Manager 40% Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKYX | Class Z | 0.47% | none |
| FFANX | Fidelity Asset Manager 40% | 0.51% | — |
| FFNIX | Class I | 0.53% | none |
| FFNAX | Class A | 0.78% | 5.75% |
| FFNTX | Class M | 1.03% | 3.50% |
| FFNCX | Class C | 1.53% | 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.