FGSMX Fees and Costs — Fidelity High Income Fund, Class C
Data updated: 2026-09-23
The net expense ratio is 1.73%. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $72K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 78%.
FGSMX Fees and Expenses
Annual operating expenses and sales charges of FGSMX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.73% |
| Fee waiver | — |
| Net expense ratio | 1.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FGSMX Costs Over Time
On $10,000 invested in FGSMX, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.73%) | $182 | $562 | $968 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $285 | $591 | $1,068 |
| Value after costs | $10,215 | $10,985 | $11,695 |
| Impact on return, per year | 2.85% | 1.82% | 1.82% |
FGSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $256.7M
- Net income from securities lending: $1.3M (0.042% of average net assets)
FGSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $12K | 18.67% |
| BARCLAYS PLC | $11K | 17.43% |
| BANK OF AMERICA CORPORATION | $11K | 17.39% |
| JEFFERIES FINANCIAL GROUP INC | $10K | 16.55% |
| UBS GROUP AG | $5K | 8.05% |
| GOLDMAN SACHS GROUP INC (THE) | $4K | 5.81% |
| STIFEL FINANCIAL CORP | $3K | 4.79% |
| VIRTU FINANCIAL INC | $3K | 4.05% |
| MORGAN STANLEY | $2K | 3.86% |
| JPMORGAN CHASE and CO | $2K | 3.41% |
FGSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $661.1M | 19.96% |
| MORGAN STANLEY | $540.0M | 16.30% |
| BANK OF AMERICA CORPORATION | $517.4M | 15.62% |
| GOLDMAN SACHS GROUP INC (THE) | $411.1M | 12.41% |
| BARCLAYS PLC | $311.4M | 9.40% |
| CITIGROUP INC | $292.4M | 8.83% |
| JEFFERIES FINANCIAL GROUP INC | $191.3M | 5.77% |
| WELLS FARGO and CO | $161.0M | 4.86% |
| DEUTSCHE BANK AG | $144.7M | 4.37% |
| ROYAL BANK OF CANADA | $82.3M | 2.48% |
Fidelity High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FGUMX | Class Z | 0.63% | none |
| SPHIX | Fidelity High Income Fund | 0.69% | — |
| FGTMX | Class I | 0.73% | none |
| FGQMX | Class A | 0.98% | 4.00% |
| FGRMX | Class M | 0.98% | 4.00% |
| FGSMX | Class C | 1.73% | 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.