FSAOX Fees and Costs — Strategic Advisers Fidelity Alternatives Fund
Data updated: 2026-08-12
The net expense ratio is 1.27% (1.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $869K in broker commissions, 0.0320% of average net assets, and portfolio turnover was 47%.
FSAOX Fees and Expenses
Annual operating expenses and sales charges of FSAOX. Prospectus, as of July 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.27% |
| 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 |
FSAOX Costs Over Time
On $10,000 invested in FSAOX, assuming 5% a year before costs, total costs come to $810 over 5 years, cutting the return by 1.37% 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 1.27%) | $133 | $415 | $717 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $810 |
| Value after costs | $10,363 | $11,130 | $11,953 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
FSAOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0320%
- Total broker commissions: $869K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
FSAOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $264K | 33.55% |
| JPMORGAN CHASE and CO | $119K | 15.08% |
| GOLDMAN SACHS GROUP INC (THE) | $106K | 13.44% |
| MORGAN STANLEY | $81K | 10.26% |
| UBS GROUP AG | $74K | 9.40% |
| DEUTSCHE BANK AG | $45K | 5.71% |
| JEFFERIES FINANCIAL GROUP INC | $40K | 5.07% |
| BANK OF AMERICA CORPORATION | $25K | 3.17% |
| BNP PARIBAS | $23K | 2.93% |
| SKANDINAVISKA ENSKILDA BANKEN | $11K | 1.39% |
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.