FSNDX Fees and Costs — Fidelity SAI International Credit Fund
Data updated: 2026-08-24
The net expense ratio is 0.41%: a 0.40% management fee plus 0.02% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 64%.
FSNDX Fees and Expenses
Annual operating expenses and sales charges of FSNDX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.42% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.41% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FSNDX Costs Over Time
On $10,000 invested in FSNDX, assuming 5% a year before costs, total costs come to $260 over 5 years, cutting the return by 0.43% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $260 |
| Value after costs | $10,457 | $11,434 | $12,503 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
FSNDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
FSNDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $11K | 95.51% |
| JPMORGAN CHASE and CO | $502 | 4.49% |
FSNDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS GROUP AG | $303.2M | 17.51% |
| GOLDMAN SACHS GROUP INC (THE) | $240.2M | 13.87% |
| MORGAN STANLEY | $172.4M | 9.95% |
| CITIGROUP INC | $171.1M | 9.88% |
| DEUTSCHE BANK AG | $157.8M | 9.11% |
| BNP PARIBAS | $148.3M | 8.56% |
| JPMORGAN CHASE and CO | $145.8M | 8.42% |
| BANK OF AMERICA CORPORATION | $142.0M | 8.20% |
| BARCLAYS PLC | $141.3M | 8.16% |
| HSBC HOLDINGS PLC | $109.7M | 6.34% |
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.