FLOWX Fees and Costs — Fidelity Water Sustainability Fund
Data updated: 2026-08-12
The net expense ratio is 0.88%: a 0.81% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $62K in broker commissions, 0.0418% of average net assets, and portfolio turnover was 47%.
FLOWX Fees and Expenses
Annual operating expenses and sales charges of FLOWX. Prospectus, as of July 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| 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 |
FLOWX Costs Over Time
On $10,000 invested in FLOWX, assuming 5% a year before costs, total costs come to $577 over 5 years, cutting the return by 0.97% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $577 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
FLOWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0418%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $744K
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
FLOWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| XP CONTROLE PARTICIPACOES SA | $10K | 19.17% |
| CITIGROUP INC | $8K | 16.41% |
| GOLDMAN SACHS GROUP INC (THE) | $5K | 10.75% |
| BANK OF AMERICA CORPORATION | $5K | 9.81% |
| BARCLAYS PLC | $5K | 9.35% |
| UBS GROUP AG | $4K | 8.95% |
| JPMORGAN CHASE and CO | $4K | 8.33% |
| BNP PARIBAS | $3K | 6.14% |
| JEFFERIES FINANCIAL GROUP INC | $3K | 5.68% |
| TP ICAP GROUP PLC | $3K | 5.42% |
FLOWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $718K | 96.50% |
| JPMORGAN CHASE and CO | $26K | 3.50% |
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.