FSHNX Fees and Costs — Fidelity Series High Income Fund
Data updated: 2026-09-23
The net expense ratio is 0.12% (0.13% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 73%.
FSHNX Fees and Expenses
Annual operating expenses and sales charges of FSHNX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.13% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.12% |
| 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 |
FSHNX Costs Over Time
On $10,000 invested in FSHNX, assuming 5% a year before costs, total costs come to $77 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $77 |
| Value after costs | $10,487 | $11,534 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
FSHNX 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): 0.0010%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $107.4M
- Net income from securities lending: $274K (0.018% of average net assets)
FSHNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2K | 19.40% |
| UBS GROUP AG | $2K | 15.40% |
| GOLDMAN SACHS GROUP INC (THE) | $1K | 12.18% |
| BARCLAYS PLC | $1K | 8.95% |
| STIFEL FINANCIAL CORP | $1K | 8.63% |
| BAIRD FINANCIAL GROUP INC/WISCONSIN | $959 | 8.12% |
| CITIGROUP INC | $925 | 7.83% |
| VIRTU FINANCIAL INC | $859 | 7.26% |
| JPMORGAN CHASE and CO | $766 | 6.48% |
| BANK OF AMERICA CORPORATION | $680 | 5.75% |
FSHNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $348.2M | 20.52% |
| JPMORGAN CHASE and CO | $280.8M | 16.55% |
| GOLDMAN SACHS GROUP INC (THE) | $215.1M | 12.67% |
| MORGAN STANLEY | $211.7M | 12.47% |
| BANK OF AMERICA CORPORATION | $206.2M | 12.15% |
| CITIGROUP INC | $134.9M | 7.95% |
| BARCLAYS PLC | $134.8M | 7.95% |
| WELLS FARGO and CO | $80.1M | 4.72% |
| DEUTSCHE BANK AG | $44.3M | 2.61% |
| ROYAL BANK OF CANADA | $41.1M | 2.42% |
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.