FSAEX Fees and Costs — Fidelity Series All-Sector Equity Fund
Data updated: 2026-09-23
The net expense ratio is 0.00%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $611K in broker commissions, 0.0141% of average net assets, and portfolio turnover was 50%.
FSAEX Fees and Expenses
Annual operating expenses and sales charges of FSAEX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| 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 |
FSAEX Costs Over Time
On $10,000 invested in FSAEX, assuming 5% a year before costs, total costs come to $9 over 5 years, cutting the return by 0.01% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $5 | $9 |
| Value after costs | $10,499 | $11,571 | $12,754 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
FSAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0141%
- Total broker commissions: $611K
- Bought from dealers (principal trades, not a cost): $39.6M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $12.8M
- Net income from securities lending: $16K (0.000% of average net assets)
FSAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $83K | 17.04% |
| GOLDMAN SACHS GROUP INC (THE) | $79K | 16.17% |
| BANK OF AMERICA CORPORATION | $67K | 13.71% |
| MORGAN STANLEY | $56K | 11.50% |
| CITIGROUP INC | $49K | 9.93% |
| UBS GROUP AG | $42K | 8.53% |
| BARCLAYS PLC | $40K | 8.13% |
| BNP PARIBAS | $27K | 5.62% |
| JEFFERIES FINANCIAL GROUP INC | $24K | 4.85% |
| VIRTU FINANCIAL INC | $22K | 4.51% |
FSAEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $5.9M | 15.62% |
| THE TORONTO DOMINION BANK | $5.5M | 14.58% |
| GOLDMAN SACHS GROUP INC (THE) | $5.0M | 13.15% |
| JEFFERIES FINANCIAL GROUP INC | $4.2M | 11.09% |
| JPMORGAN CHASE and CO | $4.0M | 10.43% |
| BANK OF MONTREAL QUE | $3.6M | 9.34% |
| CITIGROUP INC | $3.0M | 7.94% |
| LEERINK PARTNERS LLC | $2.6M | 6.75% |
| MORGAN STANLEY | $2.3M | 6.08% |
| DEUTSCHE BANK AG | $1.9M | 5.03% |
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.