FGMNX Fees and Costs — Fidelity GNMA Fund
Data updated: 2026-10-13
The net expense ratio is 0.45%: a 0.28% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $44K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 620%.
FGMNX Fees and Expenses
Annual operating expenses and sales charges of FGMNX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FGMNX Costs Over Time
On $10,000 invested in FGMNX, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $156 | $286 |
| Value after costs | $10,452 | $11,420 | $12,477 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
FGMNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $24.9B
- Portfolio turnover (prospectus): 620%
FGMNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $43K | 97.44% |
| JPMORGAN CHASE and CO | $1K | 2.56% |
FGMNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $6.2B | 25.11% |
| MORGAN STANLEY | $5.4B | 21.91% |
| CITIGROUP INC | $4.3B | 17.11% |
| BARCLAYS PLC | $3.6B | 14.45% |
| BANK OF AMERICA CORPORATION | $1.7B | 6.77% |
| WELLS FARGO and CO | $1.7B | 6.65% |
| JPMORGAN CHASE and CO | $1.2B | 4.85% |
| MIZUHO FINANCIAL GROUP INC | $654.5M | 2.63% |
| BNP PARIBAS | $63.6M | 0.26% |
| NOMURA HOLDINGS INC | $63.0M | 0.25% |
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.