FSRJX Fees and Costs — Fidelity SAI Real Estate Fund
Data updated: 2026-10-13
The net expense ratio is 0.51%: a 0.50% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $445K in broker commissions, 0.0182% of average net assets, and portfolio turnover was 31%.
FSRJX Fees and Expenses
Annual operating expenses and sales charges of FSRJX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FSRJX Costs Over Time
On $10,000 invested in FSRJX, assuming 5% a year before costs, total costs come to $334 over 5 years, cutting the return by 0.55% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $182 | $334 |
| Value after costs | $10,445 | $11,394 | $12,429 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
FSRJX 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): 0.0182%
- Total broker commissions: $445K
- Bought from dealers (principal trades, not a cost): $16.4M
- Portfolio turnover (prospectus): 31%
FSRJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $87K | 25.22% |
| JPMORGAN CHASE and CO | $41K | 11.96% |
| GOLDMAN SACHS GROUP INC (THE) | $40K | 11.71% |
| BANK OF AMERICA CORPORATION | $38K | 11.10% |
| MORGAN STANLEY | $31K | 9.11% |
| UBS GROUP AG | $28K | 8.00% |
| JEFFERIES FINANCIAL GROUP INC | $24K | 6.90% |
| BARCLAYS PLC | $22K | 6.35% |
| VIRTU FINANCIAL INC | $17K | 5.01% |
| WELLS FARGO and CO | $16K | 4.63% |
FSRJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $5.4M | 33.09% |
| MORGAN STANLEY | $5.3M | 32.11% |
| WELLS FARGO and CO | $4.5M | 27.28% |
| BANK OF AMERICA CORPORATION | $1.2M | 7.52% |
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.