FSEAX Fees and Costs — Fidelity Emerging Asia Fund
Data updated: 2026-09-23
The net expense ratio is 1.03%: a 1.00% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.1759% of average net assets, and portfolio turnover was 115%.
FSEAX Fees and Expenses
Annual operating expenses and sales charges of FSEAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
FSEAX Costs Over Time
On $10,000 invested in FSEAX, assuming 5% a year before costs, total costs come to $751 over 5 years, cutting the return by 1.27% 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 1.03%) | $108 | $337 | $583 |
| Trading costs (broker commissions) | $18 | $58 | $100 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $414 | $751 |
| Value after costs | $10,373 | $11,162 | $12,012 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
FSEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1759%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $9.9M
- Portfolio turnover (prospectus): 115%
- Securities on loan, average value: $51.5M
- Net income from securities lending: $785K (0.070% of average net assets)
FSEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $259K | 16.04% |
| CITIGROUP INC | $251K | 15.56% |
| JPMORGAN CHASE and CO | $211K | 13.08% |
| GOLDMAN SACHS GROUP INC (THE) | $186K | 11.51% |
| MACQUARIE GROUP LTD | $151K | 9.36% |
| UBS GROUP AG | $147K | 9.12% |
| JEFFERIES FINANCIAL GROUP INC | $134K | 8.28% |
| NOMURA HOLDINGS INC | $109K | 6.72% |
| BANK OF AMERICA CORPORATION | $105K | 6.48% |
| TP ICAP GROUP PLC | $62K | 3.84% |
FSEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $9.9M | 100.00% |
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.