FSABX Fees and Costs — Fidelity SAI Municipal Bond Index Fund
Data updated: 2025-11-25
The net expense ratio is 0.07%: a 0.05% management fee plus 0.13% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 25%.
FSABX Fees and Expenses
Annual operating expenses and sales charges of FSABX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.18% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FSABX Costs Over Time
On $10,000 invested in FSABX, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
FSABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $46.2M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
FSABX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE TORONTO DOMINION BANK | $5.7M | 17.62% |
| MORGAN STANLEY | $5.1M | 15.58% |
| JPMORGAN CHASE and CO | $4.1M | 12.68% |
| BANK OF AMERICA CORPORATION | $3.2M | 9.91% |
| WELLS FARGO and CO | $3.0M | 9.23% |
| LONDON STOCK EXCHANGE GROUP PLC | $2.6M | 8.12% |
| GOLDMAN SACHS GROUP INC (THE) | $2.5M | 7.65% |
| ROYAL BANK OF CANADA | $2.2M | 6.89% |
| RAYMOND JAMES FINANCIAL INC. | $2.1M | 6.54% |
| INTERCONTINENTAL EXCHANGE INC | $1.9M | 5.78% |
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.