FMBIX Fees and Costs — Fidelity Municipal Bond Index Fund
Data updated: 2025-05-27
The net expense ratio is 0.07%. There are no sales loads or redemption fees. Portfolio turnover was 15%.
FMBIX Fees and Expenses
Annual operating expenses and sales charges of FMBIX. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
FMBIX Costs Over Time
On $10,000 invested in FMBIX, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
FMBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $54.8M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FMBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE TORONTO DOMINION BANK | $8.9M | 21.42% |
| BANK OF AMERICA CORPORATION | $7.1M | 16.99% |
| LONDON STOCK EXCHANGE GROUP PLC | $6.5M | 15.70% |
| DEUTSCHE BANK AG | $4.7M | 11.36% |
| MORGAN STANLEY | $3.7M | 8.94% |
| INTERCONTINENTAL EXCHANGE INC | $3.1M | 7.36% |
| GOLDMAN SACHS GROUP INC (THE) | $2.7M | 6.44% |
| RAYMOND JAMES FINANCIAL INC. | $2.0M | 4.79% |
| FIFTH THIRD BANCORP | $1.5M | 3.64% |
| WALL STREET ACCESS | $1.4M | 3.36% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.