FLAFX Fees and Costs — Fidelity Large Cap Stock Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.01%: a 0.74% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $925K in broker commissions, 0.0125% of average net assets, and portfolio turnover was 25%.
FLAFX Fees and Expenses
Annual operating expenses and sales charges of FLAFX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
FLAFX Costs Over Time
On $10,000 invested in FLAFX, assuming 5% a year before costs, total costs come to $1,336 over 5 years, cutting the return by 2.30% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.01%) | $100 | $312 | $541 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $29 | $106 | $214 |
| Total costs | $705 | $997 | $1,336 |
| Value after costs | $9,795 | $10,579 | $11,426 |
| Impact on return, per year | 7.05% | 3.10% | 2.30% |
FLAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0125%
- Total broker commissions: $925K
- Bought from dealers (principal trades, not a cost): $102.6M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $77.1M
- Net income from securities lending: $221K (0.003% of average net assets)
FLAFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $125K | 16.76% |
| MORGAN STANLEY | $113K | 15.22% |
| JPMORGAN CHASE and CO | $107K | 14.38% |
| GOLDMAN SACHS GROUP INC (THE) | $90K | 12.08% |
| UBS GROUP AG | $76K | 10.15% |
| CITIGROUP INC | $65K | 8.67% |
| ROYAL BANK OF CANADA | $63K | 8.39% |
| JEFFERIES FINANCIAL GROUP INC | $39K | 5.29% |
| BARCLAYS PLC | $38K | 5.07% |
| VIRTU FINANCIAL INC | $30K | 4.01% |
FLAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $48.9M | 47.66% |
| JPMORGAN CHASE and CO | $19.7M | 19.24% |
| MORGAN STANLEY | $17.8M | 17.37% |
| GOLDMAN SACHS GROUP INC (THE) | $7.4M | 7.21% |
| NOMURA HOLDINGS INC | $5.8M | 5.65% |
| CITIGROUP INC | $1.5M | 1.48% |
| JEFFERIES FINANCIAL GROUP INC | $1.4M | 1.39% |
Fidelity Large Cap Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLAZX | Class Z | 0.64% | none |
| FLCSX | Fidelity Large Cap Stock Fund | 0.73% | — |
| FHZTX | Class I | 0.76% | none |
| FLAFX | Class A | 1.01% | 5.75% |
| FLAHX | Class M | 1.26% | 3.50% |
| FLAJX | Class C | 1.75% | 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.