FSMOX Fees and Costs — Fidelity SAI Investment Grade Securitized Fund
Data updated: 2026-07-24
The net expense ratio is 0.31%: a 0.28% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $41K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 715%.
FSMOX Fees and Expenses
Annual operating expenses and sales charges of FSMOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
FSMOX Costs Over Time
On $10,000 invested in FSMOX, assuming 5% a year before costs, total costs come to $199 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $108 | $199 |
| Value after costs | $10,467 | $11,468 | $12,564 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
FSMOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0032%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $24.3B
- Portfolio turnover (prospectus): 715%
- Securities lending: none during the year
FSMOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $39K | 95.57% |
| JPMORGAN CHASE and CO | $2K | 3.81% |
| GOLDMAN SACHS GROUP INC (THE) | $257 | 0.62% |
FSMOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $5.3B | 22.02% |
| MORGAN STANLEY | $4.8B | 19.79% |
| JPMORGAN CHASE and CO | $3.2B | 13.18% |
| BARCLAYS PLC | $2.9B | 11.96% |
| CITIGROUP INC | $2.6B | 10.92% |
| BANK OF AMERICA CORPORATION | $2.4B | 10.01% |
| WELLS FARGO and CO | $1.3B | 5.52% |
| MIZUHO FINANCIAL GROUP INC | $992.0M | 4.10% |
| NOMURA HOLDINGS INC | $307.3M | 1.27% |
| BNP PARIBAS | $294.6M | 1.22% |
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.