FINYX Fees and Costs — Fidelity Equity-Income Fund
Data updated: 2026-09-23
The net expense ratio is 1.56%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.01% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $388K in broker commissions, 0.0041% of average net assets, and portfolio turnover was 11%.
FINYX Fees and Expenses
Annual operating expenses and sales charges of FINYX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.56% |
| Fee waiver | — |
| Net expense ratio | 1.56% |
| 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 | No |
| Waived fees subject to recoupment | No |
FINYX Costs Over Time
On $10,000 invested in FINYX, assuming 5% a year before costs, total costs come to $967 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.56%) | $164 | $508 | $876 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $268 | $535 | $967 |
| Value after costs | $10,232 | $11,042 | $11,795 |
| Impact on return, per year | 2.68% | 1.64% | 1.64% |
FINYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0041%
- Total broker commissions: $388K
- Bought from dealers (principal trades, not a cost): $81.8M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $40.3M
- Net income from securities lending: $131K (0.001% of average net assets)
FINYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $72K | 21.09% |
| GOLDMAN SACHS GROUP INC (THE) | $48K | 14.17% |
| JPMORGAN CHASE and CO | $41K | 11.91% |
| MORGAN STANLEY | $40K | 11.79% |
| THE TORONTO DOMINION BANK | $38K | 11.12% |
| BNP PARIBAS | $29K | 8.47% |
| CITIGROUP INC | $26K | 7.68% |
| UBS GROUP AG | $20K | 5.76% |
| JEFFERIES FINANCIAL GROUP INC | $15K | 4.31% |
| TP ICAP GROUP PLC | $13K | 3.71% |
FINYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE TORONTO DOMINION BANK | $81.8M | 100.00% |
Fidelity Equity-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 |
|---|---|---|---|
| FIOPX | C000271599 | 0.44% | none |
| FEIKX | Class K | 0.45% | — |
| FEQIX | Fidelity Equity-Income Fund | 0.52% | — |
| FIOMX | C000271595 | 0.56% | none |
| FINHX | C000271597 | 0.81% | 5.75% |
| FINQX | C000271596 | 1.06% | 3.50% |
| FINYX | C000271598 | 1.56% | 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.