FNSTX Fees and Costs — Fidelity Infrastructure Fund
Data updated: 2026-09-23
The net expense ratio is 0.94%: a 0.81% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $49K in broker commissions, 0.0704% of average net assets, and portfolio turnover was 115%.
FNSTX Fees and Expenses
Annual operating expenses and sales charges of FNSTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| 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 |
FNSTX Costs Over Time
On $10,000 invested in FNSTX, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
FNSTX 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): 0.0704%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 115%
- Securities on loan, average value: $188K
- Net income from securities lending: $522 (0.001% of average net assets)
FNSTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $7K | 16.59% |
| GOLDMAN SACHS GROUP INC (THE) | $6K | 14.81% |
| MORGAN STANLEY | $5K | 12.05% |
| ROYAL BANK OF CANADA | $4K | 11.04% |
| BANK OF AMERICA CORPORATION | $4K | 10.11% |
| JEFFERIES FINANCIAL GROUP INC | $4K | 9.07% |
| UBS GROUP AG | $3K | 7.16% |
| CITIGROUP INC | $3K | 7.02% |
| TP ICAP GROUP PLC | $2K | 6.18% |
| VIRTU FINANCIAL INC | $2K | 5.98% |
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.