FFPLX Fees and Costs — Strategic Advisers Fidelity Short Duration Fund
Data updated: 2026-08-12
The net expense ratio is 0.13% (0.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $52K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 129%.
FFPLX Fees and Expenses
Annual operating expenses and sales charges of FFPLX. Prospectus, as of July 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.13% |
| 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 |
FFPLX Costs Over Time
On $10,000 invested in FFPLX, assuming 5% a year before costs, total costs come to $83 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $45 | $83 |
| Value after costs | $10,486 | $11,531 | $12,679 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
FFPLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0011%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
FFPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $26K | 49.43% |
| JANE STREET GROUP LLC | $22K | 42.34% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 4.48% |
| CITIGROUP INC | $867 | 1.67% |
| JPMORGAN CHASE and CO | $659 | 1.27% |
| BANK OF AMERICA CORPORATION | $417 | 0.81% |
FFPLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $857.6M | 18.73% |
| GOLDMAN SACHS GROUP INC (THE) | $759.6M | 16.59% |
| BARCLAYS PLC | $593.1M | 12.95% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $527.3M | 11.52% |
| BANK OF AMERICA CORPORATION | $366.4M | 8.00% |
| CITIGROUP INC | $318.7M | 6.96% |
| WELLS FARGO and CO | $307.5M | 6.72% |
| BNP PARIBAS | $288.9M | 6.31% |
| DEUTSCHE BANK AG | $283.5M | 6.19% |
| JPMORGAN CHASE and CO | $275.9M | 6.03% |
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.