FGBAX Fees and Costs — Fidelity Investment Grade Bond Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 0.75%: a 0.28% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. This share class carries a maximum front-end sales load of 4.00%. In fiscal 2025 the fund paid $74K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 196%.
FGBAX Fees and Expenses
Annual operating expenses and sales charges of FGBAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| 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 |
FGBAX Costs Over Time
On $10,000 invested in FGBAX, assuming 5% a year before costs, total costs come to $964 over 5 years, cutting the return by 1.64% 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 | $400 | $400 | $400 |
| Fund expenses (net expense ratio 0.75%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $20 | $75 | $152 |
| Total costs | $496 | $711 | $964 |
| Value after costs | $10,004 | $10,865 | $11,799 |
| Impact on return, per year | 4.96% | 2.20% | 1.64% |
FGBAX 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): 0.0007%
- Total broker commissions: $74K
- Bought from dealers (principal trades, not a cost): $41.8B
- Portfolio turnover (prospectus): 196%
- Securities on loan, average value: $13.0M
- Net income from securities lending: $54K (0.001% of average net assets)
FGBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $72K | 97.35% |
| JPMORGAN CHASE and CO | $1K | 1.99% |
| GOLDMAN SACHS GROUP INC (THE) | $485 | 0.66% |
FGBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $8.8B | 21.88% |
| MORGAN STANLEY | $7.3B | 18.04% |
| JPMORGAN CHASE and CO | $5.5B | 13.61% |
| BARCLAYS PLC | $5.0B | 12.25% |
| CITIGROUP INC | $4.4B | 10.85% |
| BANK OF AMERICA CORPORATION | $4.1B | 10.22% |
| MIZUHO FINANCIAL GROUP INC | $2.2B | 5.53% |
| WELLS FARGO and CO | $2.0B | 5.03% |
| BNP PARIBAS | $705.9M | 1.75% |
| THE TORONTO DOMINION BANK | $343.6M | 0.85% |
Fidelity Investment Grade 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 |
|---|---|---|---|
| FIKQX | Class Z | 0.36% | none |
| FBNDX | Fidelity Investment Grade Bond Fund | 0.45% | — |
| FGBPX | Class I | 0.50% | none |
| FGBAX | Class A | 0.75% | 4.00% |
| FGBTX | Class M | 0.75% | 4.00% |
| FGBCX | Class C | 1.52% | 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.