FGHIX Fees and Costs — Fidelity Global High Income Fund, Class I
Data updated: 2024-09-25
The net expense ratio is 0.80%: a 0.84% management fee plus 0.30% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $97 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 37%.
FGHIX Fees and Expenses
Annual operating expenses and sales charges of FGHIX. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.80% |
| 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 |
FGHIX Costs Over Time
On $10,000 invested in FGHIX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
FGHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $97
- Bought from dealers (principal trades, not a cost): $61.2M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $18K
- Net income from securities lending: $20 (0.000% of average net assets)
FGHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $30 | 31.65% |
| MORGAN STANLEY | $18 | 18.89% |
| JPMORGAN CHASE and CO | $16 | 17.05% |
| EVERCORE INC | $12 | 12.39% |
| ROYAL BANK OF CANADA | $7 | 7.70% |
| GOLDMAN SACHS GROUP INC (THE) | $6 | 5.86% |
| VIRTU FINANCIAL INC | $2 | 2.54% |
| WELLS FARGO and CO | $1 | 1.38% |
| BARCLAYS PLC | $1 | 1.27% |
| BANK OF AMERICA CORPORATION | $1 | 1.27% |
FGHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $8.5M | 17.65% |
| GOLDMAN SACHS GROUP INC (THE) | $7.6M | 15.79% |
| BARCLAYS PLC | $6.0M | 12.51% |
| BANK OF AMERICA CORPORATION | $5.8M | 12.02% |
| MORGAN STANLEY | $5.6M | 11.66% |
| CITIGROUP INC | $4.3M | 9.05% |
| SOCIETE GENERALE | $3.1M | 6.40% |
| ROYAL BANK OF CANADA | $2.6M | 5.52% |
| BNP PARIBAS | $2.4M | 4.93% |
| NOMURA HOLDINGS INC | $2.2M | 4.48% |
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.