FSCSX Fees and Costs — Select Software and IT Services Portfolio
Data updated: 2026-07-24
The net expense ratio is 0.61%: a 0.60% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.3M in broker commissions, 0.0137% of average net assets, and portfolio turnover was 62%.
FSCSX Fees and Expenses
Annual operating expenses and sales charges of FSCSX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| 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 |
FSCSX Costs Over Time
On $10,000 invested in FSCSX, assuming 5% a year before costs, total costs come to $393 over 5 years, cutting the return by 0.65% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $393 |
| Value after costs | $10,435 | $11,361 | $12,370 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
FSCSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0137%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $25.8M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $15.1M
- Net income from securities lending: $7K (0.000% of average net assets)
FSCSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $143K | 14.67% |
| JPMORGAN CHASE and CO | $137K | 14.05% |
| BANK OF AMERICA CORPORATION | $123K | 12.69% |
| GOLDMAN SACHS GROUP INC (THE) | $122K | 12.58% |
| UBS GROUP AG | $95K | 9.76% |
| VIRTU FINANCIAL INC | $95K | 9.74% |
| BARCLAYS PLC | $94K | 9.63% |
| JEFFERIES FINANCIAL GROUP INC | $62K | 6.38% |
| CITIGROUP INC | $53K | 5.49% |
| TP ICAP GROUP PLC | $49K | 5.00% |
FSCSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $24.3M | 94.48% |
| MORGAN STANLEY | $1.4M | 5.52% |
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.