FNORX Fees and Costs — Fidelity Nordic Fund
Data updated: 2026-09-23
The net expense ratio is 0.86%: a 0.82% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $324K in broker commissions, 0.1012% of average net assets, and portfolio turnover was 265%.
FNORX Fees and Expenses
Annual operating expenses and sales charges of FNORX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
FNORX Costs Over Time
On $10,000 invested in FNORX, assuming 5% a year before costs, total costs come to $602 over 5 years, cutting the return by 1.01% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $11 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $602 |
| Value after costs | $10,399 | $11,246 | $12,161 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
FNORX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1012%
- Total broker commissions: $324K
- Bought from dealers (principal trades, not a cost): $24K
- Portfolio turnover (prospectus): 265%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $7K (0.002% of average net assets)
FNORX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $52K | 18.55% |
| JEFFERIES FINANCIAL GROUP INC | $32K | 11.56% |
| MORGAN STANLEY | $32K | 11.40% |
| GOLDMAN SACHS GROUP INC (THE) | $30K | 10.82% |
| BARCLAYS PLC | $27K | 9.63% |
| UBS GROUP AG | $24K | 8.71% |
| CITIGROUP INC | $21K | 7.54% |
| BANK OF AMERICA CORPORATION | $21K | 7.52% |
| BNP PARIBAS | $20K | 7.38% |
| VIRTU FINANCIAL INC | $19K | 6.89% |
FNORX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $24K | 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.