FOCKX Fees and Costs — Fidelity OTC Portfolio, Class K
Data updated: 2026-10-13
The net expense ratio is 0.71%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5.4M in broker commissions, 0.0145% of average net assets, and portfolio turnover was 64%.
FOCKX Fees and Expenses
Annual operating expenses and sales charges of FOCKX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FOCKX Costs Over Time
On $10,000 invested in FOCKX, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
FOCKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0145%
- Total broker commissions: $5.4M
- Bought from dealers (principal trades, not a cost): $373.5M
- Portfolio turnover (prospectus): 64%
FOCKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $715K | 16.23% |
| JPMORGAN CHASE and CO | $676K | 15.35% |
| BANK OF AMERICA CORPORATION | $638K | 14.48% |
| UBS GROUP AG | $634K | 14.40% |
| GOLDMAN SACHS GROUP INC (THE) | $513K | 11.64% |
| JEFFERIES FINANCIAL GROUP INC | $465K | 10.57% |
| CITIGROUP INC | $252K | 5.73% |
| MACQUARIE GROUP LTD | $188K | 4.28% |
| NOMURA HOLDINGS INC | $180K | 4.09% |
| VIRTU FINANCIAL INC | $142K | 3.23% |
FOCKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $308.5M | 82.60% |
| MORGAN STANLEY | $24.3M | 6.50% |
| JPMORGAN CHASE and CO | $19.0M | 5.07% |
| CITIGROUP INC | $13.2M | 3.52% |
| LEERINK PARTNERS LLC | $8.6M | 2.30% |
Fidelity OTC Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FOCKX | Class K | 0.71% | — |
| FOTJX | Class Z | 0.71% | none |
| FOCPX | Fidelity OTC Portfolio | 0.78% | — |
| FOTHX | Class I | 0.81% | none |
| FOTDX | Class A | 1.07% | 5.75% |
| FOTEX | Class M | 1.31% | 3.50% |
| FOTGX | Class C | 1.81% | none |
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.