FIQYX Fees and Costs — Fidelity Global Credit Fund, Class Z
Data updated: 2025-11-25
The net expense ratio is 0.41%: a 0.40% management fee plus 0.05% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 57%.
FIQYX Fees and Expenses
Annual operating expenses and sales charges of FIQYX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.41% |
| 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 |
FIQYX Costs Over Time
On $10,000 invested in FIQYX, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.43% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $262 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
FIQYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0034%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $52.4M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $14K
- Net income from securities lending: $68 (0.000% of average net assets)
FIQYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2K | 100.00% |
FIQYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $9.3M | 22.16% |
| DEUTSCHE BANK AG | $7.2M | 17.11% |
| JPMORGAN CHASE and CO | $5.2M | 12.51% |
| BNP PARIBAS | $4.4M | 10.52% |
| MORGAN STANLEY | $4.1M | 9.91% |
| UBS GROUP AG | $3.1M | 7.37% |
| HSBC HOLDINGS PLC | $2.8M | 6.60% |
| BANK OF AMERICA CORPORATION | $2.3M | 5.60% |
| BARCLAYS PLC | $2.0M | 4.77% |
| CITIGROUP INC | $1.4M | 3.45% |
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.