FHIFX Fees and Costs — Fidelity Focused High Income Fund
Data updated: 2026-09-23
The net expense ratio is 0.75%: a 0.70% management fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $80 in broker commissions, and portfolio turnover was 77%.
FHIFX Fees and Expenses
Annual operating expenses and sales charges of FHIFX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FHIFX Costs Over Time
On $10,000 invested in FHIFX, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
FHIFX 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): —
- Total broker commissions: $80
- Bought from dealers (principal trades, not a cost): $272.3M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $15.3M
- Net income from securities lending: $32K (0.017% of average net assets)
FHIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL FINANCIAL CORP | $54 | 69.39% |
| UBS GROUP AG | $7 | 9.43% |
| CONDOR TRADING LLC | $6 | 7.69% |
| MORGAN STANLEY | $5 | 6.12% |
| JEFFERIES FINANCIAL GROUP INC | $2 | 3.06% |
| VIRTU FINANCIAL INC | $2 | 3.05% |
| GOLDMAN SACHS GROUP INC (THE) | $1 | 1.27% |
FHIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $90.0M | 36.61% |
| JPMORGAN CHASE and CO | $33.5M | 13.60% |
| MORGAN STANLEY | $26.6M | 10.81% |
| BANK OF AMERICA CORPORATION | $24.0M | 9.77% |
| GOLDMAN SACHS GROUP INC (THE) | $18.9M | 7.69% |
| BARCLAYS PLC | $17.2M | 7.01% |
| CITIGROUP INC | $12.4M | 5.04% |
| JANE STREET GROUP LLC | $9.9M | 4.02% |
| WELLS FARGO and CO | $8.2M | 3.34% |
| ROYAL BANK OF CANADA | $5.2M | 2.11% |
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.