FSEPX Fees and Costs — Fidelity Sustainable U.S. Equity Fund, Class M
Data updated: 2026-08-12
The net expense ratio is 1.40%: a 0.64% management fee, a 0.50% 12b-1 fee plus 0.52% other expenses, less a 0.26% fee waiver. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $4K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 51%.
FSEPX Fees and Expenses
Annual operating expenses and sales charges of FSEPX. Prospectus, as of July 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.66% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FSEPX Costs Over Time
On $10,000 invested in FSEPX, assuming 5% a year before costs, total costs come to $1,293 over 5 years, cutting the return by 2.22% 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 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.40%) | $142 | $441 | $761 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $17 | $77 | $175 |
| Total costs | $511 | $872 | $1,293 |
| Value after costs | $9,989 | $10,704 | $11,470 |
| Impact on return, per year | 5.11% | 2.71% | 2.22% |
FSEPX 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): 0.0136%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $6K
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
FSEPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $677 | 19.05% |
| GOLDMAN SACHS GROUP INC (THE) | $427 | 12.02% |
| BNP PARIBAS | $407 | 11.46% |
| UBS GROUP AG | $397 | 11.18% |
| JPMORGAN CHASE and CO | $387 | 10.88% |
| BARCLAYS PLC | $380 | 10.69% |
| MORGAN STANLEY | $336 | 9.47% |
| VIRTU FINANCIAL INC | $210 | 5.91% |
| JEFFERIES FINANCIAL GROUP INC | $167 | 4.70% |
| CITIGROUP INC | $165 | 4.64% |
FSEPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $6K | 100.00% |
Fidelity Sustainable U.S. Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSEWX | Class Z | 0.75% | none |
| FSEBX | Fidelity Sustainable U.S. Equity Fund | 0.90% | — |
| FSEQX | Class I | 0.90% | none |
| FSEKX | Class A | 1.15% | 5.75% |
| FSEPX | Class M | 1.40% | 3.50% |
| FSEOX | Class C | 1.90% | none |
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.