FNARX Fees and Costs — Fidelity Natural Resources Fund
Data updated: 2026-07-24
The net expense ratio is 0.69%: a 0.66% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $481K in broker commissions, 0.0736% of average net assets, and portfolio turnover was 81%.
FNARX Fees and Expenses
Annual operating expenses and sales charges of FNARX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
FNARX Costs Over Time
On $10,000 invested in FNARX, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,283 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
FNARX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0736%
- Total broker commissions: $481K
- Bought from dealers (principal trades, not a cost): $1.0M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $39.3M
- Net income from securities lending: $127K (0.019% of average net assets)
FNARX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $84K | 23.73% |
| BANK OF AMERICA CORPORATION | $44K | 12.37% |
| GOLDMAN SACHS GROUP INC (THE) | $43K | 12.24% |
| BANK OF MONTREAL QUE | $34K | 9.54% |
| JPMORGAN CHASE and CO | $33K | 9.23% |
| MORGAN STANLEY | $29K | 8.21% |
| UBS GROUP AG | $25K | 7.17% |
| JEFFERIES FINANCIAL GROUP INC | $22K | 6.12% |
| PETERS and CO. LIMITED | $20K | 5.75% |
| BARCLAYS PLC | $20K | 5.63% |
FNARX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $1.0M | 100.00% |
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.