FMBEX Fees and Costs — Fidelity Municipal Core Plus Bond Fund, Class C
Data updated: 2025-04-14
The net expense ratio is 1.37%: a 0.52% management fee, a 1.00% 12b-1 fee plus 0.63% other expenses, less a 0.78% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 21%.
FMBEX Fees and Expenses
Annual operating expenses and sales charges of FMBEX. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 2.15% |
| Fee waiver | −0.78% |
| Net expense ratio | 1.37% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FMBEX Costs Over Time
On $10,000 invested in FMBEX, assuming 5% a year before costs, total costs come to $851 over 5 years, cutting the return by 1.44% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.37%) | $144 | $447 | $772 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $247 | $469 | $851 |
| Value after costs | $10,253 | $11,107 | $11,912 |
| Impact on return, per year | 2.47% | 1.44% | 1.44% |
FMBEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $36.3M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
FMBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $5.9M | 19.23% |
| JPMORGAN CHASE and CO | $5.1M | 16.59% |
| MORGAN STANLEY | $4.0M | 13.13% |
| ROYAL BANK OF CANADA | $3.3M | 10.74% |
| GOLDMAN SACHS GROUP INC (THE) | $2.9M | 9.50% |
| BARCLAYS PLC | $2.7M | 8.82% |
| JEFFERIES FINANCIAL GROUP INC | $2.7M | 8.66% |
| PIPER SANDLER COS | $1.5M | 4.88% |
| THE TORONTO DOMINION BANK | $1.4M | 4.65% |
| BANK NEW YORK MELLON CORP | $1.2M | 3.80% |
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.