FSRPX Fees and Costs — Select Retailing Portfolio
Data updated: 2026-07-24
The net expense ratio is 0.63%: a 0.62% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $480K in broker commissions, 0.0182% of average net assets, and portfolio turnover was 46%.
FSRPX Fees and Expenses
Annual operating expenses and sales charges of FSRPX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| 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 |
FSRPX Costs Over Time
On $10,000 invested in FSRPX, assuming 5% a year before costs, total costs come to $408 over 5 years, cutting the return by 0.68% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $408 |
| Value after costs | $10,432 | $11,353 | $12,355 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
FSRPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0182%
- Total broker commissions: $480K
- Bought from dealers (principal trades, not a cost): $14.6M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $73.7M
- Net income from securities lending: $56K (0.002% of average net assets)
FSRPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $69K | 18.06% |
| UBS GROUP AG | $61K | 15.93% |
| MORGAN STANLEY | $50K | 13.14% |
| JPMORGAN CHASE and CO | $46K | 11.99% |
| BANK OF AMERICA CORPORATION | $43K | 11.35% |
| BARCLAYS PLC | $33K | 8.54% |
| CITIGROUP INC | $26K | 6.81% |
| ROYAL BANK OF CANADA | $23K | 6.10% |
| VIRTU FINANCIAL INC | $16K | 4.27% |
| THE TORONTO DOMINION BANK | $15K | 3.80% |
FSRPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $8.0M | 55.03% |
| JPMORGAN CHASE and CO | $6.6M | 44.97% |
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.