FIVLX Fees and Costs — Fidelity International Value Fund
Data updated: 2026-09-23
The net expense ratio is 0.80%: a 0.78% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0612% of average net assets, and portfolio turnover was 31%.
FIVLX Fees and Expenses
Annual operating expenses and sales charges of FIVLX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FIVLX Costs Over Time
On $10,000 invested in FIVLX, assuming 5% a year before costs, total costs come to $540 over 5 years, cutting the return by 0.90% 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 0.80%) | $84 | $262 | $456 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $297 | $540 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
FIVLX 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): 0.0612%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $13.8M
- Net income from securities lending: $30K (0.001% of average net assets)
FIVLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $236K | 20.09% |
| GOLDMAN SACHS GROUP INC (THE) | $200K | 16.98% |
| MORGAN STANLEY | $153K | 12.96% |
| JEFFERIES FINANCIAL GROUP INC | $139K | 11.84% |
| UBS GROUP AG | $114K | 9.67% |
| BANK OF AMERICA CORPORATION | $110K | 9.36% |
| CITIGROUP INC | $79K | 6.75% |
| VIRTU FINANCIAL INC | $54K | 4.60% |
| TP ICAP GROUP PLC | $48K | 4.07% |
| BNP PARIBAS | $43K | 3.67% |
Fidelity International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIQKX | Class Z | 0.73% | none |
| FIVLX | Fidelity International Value Fund | 0.80% | — |
| FIVQX | Class I | 0.84% | none |
| FIVMX | Class A | 1.09% | 5.75% |
| FIVPX | Class M | 1.34% | 3.50% |
| FIVOX | Class C | 1.83% | 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.