FIQDX Fees and Costs — Fidelity Strategic Real Return Fund, Class Z
Data updated: 2026-08-24
The net expense ratio is 0.61%: a 0.61% management fee plus 0.07% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $60K in broker commissions, 0.0118% of average net assets, and portfolio turnover was 29%.
FIQDX Fees and Expenses
Annual operating expenses and sales charges of FIQDX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FIQDX Costs Over Time
On $10,000 invested in FIQDX, assuming 5% a year before costs, total costs come to $392 over 5 years, cutting the return by 0.65% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $392 |
| Value after costs | $10,435 | $11,362 | $12,371 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
FIQDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0118%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $90.8M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $514K
- Net income from securities lending: $3K (0.001% of average net assets)
FIQDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $10K | 20.33% |
| JPMORGAN CHASE and CO | $9K | 19.64% |
| GOLDMAN SACHS GROUP INC (THE) | $7K | 13.96% |
| BANK OF AMERICA CORPORATION | $4K | 9.37% |
| BANK OF MONTREAL QUE | $4K | 7.68% |
| ROYAL BANK OF CANADA | $3K | 6.92% |
| JEFFERIES FINANCIAL GROUP INC | $3K | 5.87% |
| BARCLAYS PLC | $3K | 5.50% |
| UBS GROUP AG | $3K | 5.41% |
| VIRTU FINANCIAL INC | $3K | 5.31% |
FIQDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $30.2M | 35.51% |
| CITIGROUP INC | $15.0M | 17.58% |
| JPMORGAN CHASE and CO | $13.5M | 15.89% |
| BANK OF MONTREAL QUE | $7.5M | 8.87% |
| BANK OF AMERICA CORPORATION | $3.7M | 4.40% |
| WELLS FARGO and CO | $3.7M | 4.39% |
| BNP PARIBAS | $3.2M | 3.75% |
| MORGAN STANLEY | $3.1M | 3.58% |
| NOMURA HOLDINGS INC | $2.9M | 3.39% |
| CITADEL SECURITIES LP | $2.2M | 2.63% |
Fidelity Strategic Real Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSRKX | Class K6 | 0.51% | — |
| FIQDX | Class Z | 0.61% | none |
| FSIRX | Class I | 0.70% | none |
| FSRRX | Fidelity Strategic Real Return Fund | 0.70% | — |
| FSRAX | Class A | 0.95% | 4.00% |
| FSRTX | Class M | 0.95% | 4.00% |
| FCSRX | Class C | 1.70% | 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.