FTABX Fees and Costs — Fidelity Tax-Free Bond Fund
Data updated: 2026-09-23
The net expense ratio is 0.25%: a 0.42% management fee plus 0.01% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
FTABX Fees and Expenses
Annual operating expenses and sales charges of FTABX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.25% |
| 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 |
FTABX Costs Over Time
On $10,000 invested in FTABX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
FTABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
FTABX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $211.7M | 20.23% |
| MORGAN STANLEY | $162.3M | 15.51% |
| GOLDMAN SACHS GROUP INC (THE) | $146.6M | 14.01% |
| WELLS FARGO and CO | $142.7M | 13.63% |
| BANK OF AMERICA CORPORATION | $119.1M | 11.38% |
| LOOP CAPITAL MARKETS, LLC | $64.7M | 6.18% |
| ROYAL BANK OF CANADA | $61.7M | 5.89% |
| TRUIST FINANCIAL CORP | $50.2M | 4.80% |
| STIFEL FINANCIAL CORP | $46.2M | 4.42% |
| SAR HOLDINGS INC | $41.5M | 3.96% |
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.