FSREX Fees and Costs — Fidelity Series Real Estate Income Fund
Data updated: 2026-10-13
The net expense ratio is 0.00%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 12%.
FSREX Fees and Expenses
Annual operating expenses and sales charges of FSREX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FSREX Costs Over Time
On $10,000 invested in FSREX, assuming 5% a year before costs, total costs come to $1 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $1 |
| Value after costs | $10,500 | $11,576 | $12,762 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
FSREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $73.1M
- Portfolio turnover (prospectus): 12%
FSREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES and ASSOCIATES INC | $1K | 34.91% |
| MORGAN STANLEY | $441 | 12.76% |
| GOLDMAN SACHS GROUP INC (THE) | $404 | 11.68% |
| BANK OF AMERICA CORPORATION | $300 | 8.67% |
| BNP PARIBAS | $244 | 7.07% |
| BARCLAYS PLC | $234 | 6.78% |
| JEFFERIES FINANCIAL GROUP INC | $194 | 5.61% |
| STIFEL FINANCIAL CORP | $151 | 4.37% |
| ROYAL BANK OF CANADA | $147 | 4.25% |
| VIRTU FINANCIAL INC | $134 | 3.89% |
FSREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $15.1M | 24.73% |
| MORGAN STANLEY | $11.9M | 19.43% |
| WELLS FARGO and CO | $9.9M | 16.24% |
| BANK OF AMERICA CORPORATION | $5.2M | 8.50% |
| TRUIST FINANCIAL CORP | $4.9M | 8.05% |
| CITIGROUP INC | $4.0M | 6.55% |
| GOLDMAN SACHS GROUP INC (THE) | $4.0M | 6.53% |
| SUSQUEHANNA INTERNATIONAL GROU P, LLP | $2.1M | 3.43% |
| US BANCORP DEL | $2.1M | 3.36% |
| BARCLAYS PLC | $2.0M | 3.20% |
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.