FIONX Fees and Costs — Fidelity SAI International Index Fund
Data updated: 2026-09-23
The net expense ratio is 0.03%: a 0.03% management fee plus 0.02% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $585K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 15%.
FIONX Fees and Expenses
Annual operating expenses and sales charges of FIONX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.06% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.03% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FIONX Costs Over Time
On $10,000 invested in FIONX, assuming 5% a year before costs, total costs come to $24 over 5 years, cutting the return by 0.04% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $13 | $24 |
| Value after costs | $10,496 | $11,563 | $12,739 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
FIONX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0074%
- Total broker commissions: $585K
- Bought from dealers (principal trades, not a cost): $13.2M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $32.8M
- Net income from securities lending: $255K (0.003% of average net assets)
FIONX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $238K | 40.72% |
| MACQUARIE GROUP LTD | $153K | 26.11% |
| NOMURA HOLDINGS INC | $60K | 10.24% |
| JEFFERIES FINANCIAL GROUP INC | $53K | 9.10% |
| BARCLAYS PLC | $46K | 7.80% |
| UBS GROUP AG | $17K | 2.97% |
| JPMORGAN CHASE and CO | $16K | 2.81% |
| MORGAN STANLEY | $1K | 0.23% |
| MIZUHO FINANCIAL GROUP INC | $147 | 0.03% |
| LIQUIDNET HOLDINGS INC | $16 | 0.00% |
FIONX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $9.4M | 71.30% |
| CITIGROUP INC | $3.8M | 28.70% |
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.