FSCRX Fees and Costs — Fidelity Small Cap Discovery Fund
Data updated: 2026-09-23
The net expense ratio is 0.66%: a 0.65% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0498% of average net assets, and portfolio turnover was 64%.
FSCRX Fees and Expenses
Annual operating expenses and sales charges of FSCRX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
FSCRX Costs Over Time
On $10,000 invested in FSCRX, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
FSCRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0498%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $20.4M
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $86.7M
- Net income from securities lending: $129K (0.006% of average net assets)
FSCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $162K | 19.98% |
| GOLDMAN SACHS GROUP INC (THE) | $126K | 15.49% |
| MORGAN STANLEY | $111K | 13.72% |
| BANK OF AMERICA CORPORATION | $98K | 12.03% |
| THE TORONTO DOMINION BANK | $80K | 9.88% |
| JEFFERIES FINANCIAL GROUP INC | $53K | 6.57% |
| UBS GROUP AG | $52K | 6.46% |
| BARCLAYS PLC | $50K | 6.14% |
| WELLS FARGO and CO | $43K | 5.29% |
| CITIGROUP INC | $36K | 4.43% |
FSCRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $6.9M | 33.98% |
| PIPER SANDLER COS | $4.5M | 21.90% |
| MORGAN STANLEY | $3.2M | 15.86% |
| JEFFERIES FINANCIAL GROUP INC | $2.5M | 12.02% |
| STIFEL FINANCIAL CORP | $1.5M | 7.44% |
| BANK OF AMERICA CORPORATION | $1.1M | 5.29% |
| JPMORGAN CHASE and CO | $464K | 2.27% |
| LEERINK PARTNERS LLC | $254K | 1.24% |
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.