FKISX Fees and Costs — Fidelity Municipal Income Fund, Class C
Data updated: 2026-08-24
The net expense ratio is 1.50%: a 0.49% management fee, a 1.00% 12b-1 fee plus 0.01% other expenses. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 20%.
FKISX Fees and Expenses
Annual operating expenses and sales charges of FKISX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.50% |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FKISX Costs Over Time
On $10,000 invested in FKISX, assuming 5% a year before costs, total costs come to $929 over 5 years, cutting the return by 1.57% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.50%) | $158 | $489 | $843 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $261 | $513 | $929 |
| Value after costs | $10,239 | $11,063 | $11,834 |
| Impact on return, per year | 2.61% | 1.57% | 1.57% |
FKISX 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): $1.6B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
FKISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $214.8M | 16.22% |
| MORGAN STANLEY | $206.4M | 15.58% |
| WELLS FARGO and CO | $185.3M | 13.99% |
| BANK OF AMERICA CORPORATION | $170.3M | 12.86% |
| GOLDMAN SACHS GROUP INC (THE) | $157.8M | 11.91% |
| JPMORGAN CHASE and CO | $149.4M | 11.28% |
| STIFEL FINANCIAL CORP | $74.2M | 5.60% |
| SHANK WILLIAMS CISNEROS LLC | $65.8M | 4.97% |
| JEFFERIES FINANCIAL GROUP INC | $57.9M | 4.37% |
| SAR HOLDINGS INC | $42.6M | 3.22% |
Fidelity 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 |
|---|---|---|---|
| FIWEX | Class Z | 0.40% | none |
| FHIGX | Fidelity Municipal Income Fund | 0.43% | — |
| FROGX | Class I | 0.50% | none |
| FHUGX | Class A | 0.75% | 4.00% |
| FLUVX | Class M | 0.75% | 4.00% |
| FKISX | Class C | 1.50% | 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.