FSFGX Fees and Costs — Fidelity Focused Stock Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.97%: a 0.72% management fee plus a 0.25% 12b-1 fee. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.0269% of average net assets, and portfolio turnover was 153%.
FSFGX Fees and Expenses
Annual operating expenses and sales charges of FSFGX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
FSFGX Costs Over Time
On $10,000 invested in FSFGX, assuming 5% a year before costs, total costs come to $1,322 over 5 years, cutting the return by 2.27% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.97%) | $96 | $300 | $519 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $29 | $106 | $213 |
| Total costs | $702 | $989 | $1,322 |
| Value after costs | $9,798 | $10,588 | $11,441 |
| Impact on return, per year | 7.02% | 3.08% | 2.27% |
FSFGX 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): 0.0269%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $11.0M
- Portfolio turnover (prospectus): 153%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $7K (0.000% of average net assets)
FSFGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $150K | 18.00% |
| MORGAN STANLEY | $131K | 15.78% |
| UBS GROUP AG | $107K | 12.92% |
| BANK OF AMERICA CORPORATION | $103K | 12.37% |
| JPMORGAN CHASE and CO | $83K | 10.00% |
| ROYAL BANK OF CANADA | $67K | 8.00% |
| CITIGROUP INC | $62K | 7.48% |
| VIRTU FINANCIAL INC | $50K | 6.03% |
| BARCLAYS PLC | $43K | 5.12% |
| JEFFERIES FINANCIAL GROUP INC | $36K | 4.29% |
FSFGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $6.7M | 60.86% |
| MORGAN STANLEY | $1.9M | 17.57% |
| JPMORGAN CHASE and CO | $833K | 7.60% |
| JEFFERIES FINANCIAL GROUP INC | $690K | 6.30% |
| CITIGROUP INC | $503K | 4.59% |
| BANK OF AMERICA CORPORATION | $176K | 1.61% |
| PIPER SANDLER COS | $161K | 1.47% |
Fidelity Focused Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSFOX | Class Z | 0.61% | none |
| FTQGX | Fidelity Focused Stock Fund | 0.69% | — |
| FSFNX | Class I | 0.72% | none |
| FSFGX | Class A | 0.97% | 5.75% |
| FSFJX | Class M | 1.22% | 3.50% |
| FSFMX | Class C | 1.74% | 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.