FOPAX Fees and Costs — Fidelity International Small Cap Opportunities Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.26%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $770K in broker commissions, 0.0540% of average net assets, and portfolio turnover was 53%.
FOPAX Fees and Expenses
Annual operating expenses and sales charges of FOPAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.96% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.26% |
| Fee waiver | — |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FOPAX Costs Over Time
On $10,000 invested in FOPAX, assuming 5% a year before costs, total costs come to $1,504 over 5 years, cutting the return by 2.60% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.26%) | $125 | $388 | $670 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $29 | $111 | $230 |
| Total costs | $734 | $1,090 | $1,504 |
| Value after costs | $9,766 | $10,486 | $11,259 |
| Impact on return, per year | 7.34% | 3.41% | 2.60% |
FOPAX 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): 0.0540%
- Total broker commissions: $770K
- Bought from dealers (principal trades, not a cost): $662K
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $43.3M
- Net income from securities lending: $158K (0.011% of average net assets)
FOPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $85K | 15.45% |
| UBS GROUP AG | $71K | 13.02% |
| TP ICAP GROUP PLC | $61K | 11.10% |
| MORGAN STANLEY | $61K | 11.10% |
| JEFFERIES FINANCIAL GROUP INC | $60K | 10.96% |
| GOLDMAN SACHS GROUP INC (THE) | $57K | 10.39% |
| BANK OF AMERICA CORPORATION | $51K | 9.29% |
| CITIGROUP INC | $43K | 7.80% |
| VIRTU FINANCIAL INC | $35K | 6.32% |
| BNP PARIBAS | $25K | 4.54% |
FOPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $558K | 84.34% |
| JEFFERIES FINANCIAL GROUP INC | $104K | 15.66% |
Fidelity International Small Cap Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIQJX | Class Z | 0.88% | none |
| FSCOX | Fidelity International Small Cap Opportunities Fund | 0.96% | — |
| FOPIX | Class I | 1.02% | none |
| FOPAX | Class A | 1.26% | 5.75% |
| FOPTX | Class M | 1.51% | 3.50% |
| FOPCX | Class C | 2.01% | 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.