FISHX Fees and Costs — Fidelity Limited Term Municipal Income Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.30%: a 0.20% management fee plus 0.18% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 22%.
FISHX Fees and Expenses
Annual operating expenses and sales charges of FISHX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.30% |
| 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 |
FISHX Costs Over Time
On $10,000 invested in FISHX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FISHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $855.1M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
FISHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $205.8M | 27.51% |
| BANK OF AMERICA CORPORATION | $141.7M | 18.94% |
| MORGAN STANLEY | $113.2M | 15.13% |
| ROYAL BANK OF CANADA | $78.5M | 10.48% |
| WELLS FARGO and CO | $53.3M | 7.12% |
| GOLDMAN SACHS GROUP INC (THE) | $46.5M | 6.22% |
| BARCLAYS PLC | $34.8M | 4.65% |
| SHANK WILLIAMS CISNEROS LLC | $26.1M | 3.49% |
| TRUIST FINANCIAL CORP | $25.4M | 3.39% |
| KEYCORP | $23.0M | 3.07% |
Fidelity Limited Term Municipal 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 |
|---|---|---|---|
| FIWAX | Class Z | 0.25% | none |
| FISHX | Class I | 0.30% | none |
| FSTFX | Fidelity Limited Term Municipal Income Fund | 0.30% | — |
| FASHX | Class A | 0.55% | 2.75% |
| FTSHX | Class M | 0.55% | 2.75% |
| FCSHX | Class C | 1.26% | 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.