FTKAX Fees and Costs — Fidelity Tactical Bond Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 0.95%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses, less a 0.33% fee waiver. This share class carries a maximum front-end sales load of 4.00%. Portfolio turnover was 30%.
FTKAX Fees and Expenses
Annual operating expenses and sales charges of FTKAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.33% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FTKAX Costs Over Time
On $10,000 invested in FTKAX, assuming 5% a year before costs, total costs come to $1,082 over 5 years, cutting the return by 1.84% 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 |
| Sales charges | $400 | $400 | $400 |
| Fund expenses (net expense ratio 0.95%) | $96 | $299 | $519 |
| Lost growth on money paid in costs | $20 | $78 | $163 |
| Total costs | $516 | $777 | $1,082 |
| Value after costs | $9,984 | $10,799 | $11,681 |
| Impact on return, per year | 5.16% | 2.40% | 1.84% |
FTKAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $34.0M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
FTKAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $9.6M | 29.46% |
| BARCLAYS PLC | $5.5M | 17.02% |
| MORGAN STANLEY | $4.6M | 14.13% |
| CITIGROUP INC | $3.3M | 10.27% |
| BANCO SANTANDER SA | $3.3M | 10.03% |
| BANK OF AMERICA CORPORATION | $1.6M | 4.84% |
| BNP PARIBAS | $1.5M | 4.55% |
| CITADEL SECURITIES LP | $1.1M | 3.39% |
| MIZUHO FINANCIAL GROUP INC | $1.1M | 3.39% |
| THE BANK OF NOVA SCOTIA | $951K | 2.92% |
Fidelity Tactical Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FBAPX | Class Z | 0.62% | none |
| FBAGX | Fidelity Tactical Bond Fund | 0.70% | — |
| FBAHX | Class I | 0.71% | none |
| FTKAX | Class A | 0.95% | 4.00% |
| FTYMX | Class M | 0.95% | 4.00% |
| FTKCX | Class C | 1.70% | none |
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.