FSAJX Fees and Costs — Fidelity SAI Tax-Free Bond Fund
Data updated: 2026-09-23
The net expense ratio is 0.25%: a 0.33% management fee plus 0.02% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 12%.
FSAJX Fees and Expenses
Annual operating expenses and sales charges of FSAJX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.35% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.25% |
| 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 |
FSAJX Costs Over Time
On $10,000 invested in FSAJX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
FSAJX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
FSAJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $434.5M | 21.01% |
| JPMORGAN CHASE and CO | $350.8M | 16.97% |
| MORGAN STANLEY | $297.1M | 14.37% |
| GOLDMAN SACHS GROUP INC (THE) | $246.5M | 11.92% |
| ROYAL BANK OF CANADA | $167.5M | 8.10% |
| JEFFERIES FINANCIAL GROUP INC | $153.7M | 7.44% |
| WELLS FARGO and CO | $135.2M | 6.54% |
| LOOP CAPITAL MARKETS, LLC | $106.7M | 5.16% |
| STIFEL FINANCIAL CORP | $99.0M | 4.79% |
| RAYMOND JAMES FINANCIAL INC. | $76.7M | 3.71% |
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.