FTRNX Fees and Costs — Fidelity Trend Fund
Data updated: 2026-08-24
The net expense ratio is 0.74%: a 0.73% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $591K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 64%.
FTRNX Fees and Expenses
Annual operating expenses and sales charges of FTRNX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
FTRNX Costs Over Time
On $10,000 invested in FTRNX, assuming 5% a year before costs, total costs come to $474 over 5 years, cutting the return by 0.79% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $474 |
| Value after costs | $10,421 | $11,316 | $12,289 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
FTRNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0144%
- Total broker commissions: $591K
- Bought from dealers (principal trades, not a cost): $26.4M
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $35.4M
- Net income from securities lending: $164K (0.004% of average net assets)
FTRNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $85K | 18.79% |
| GOLDMAN SACHS GROUP INC (THE) | $79K | 17.58% |
| JPMORGAN CHASE and CO | $49K | 10.86% |
| UBS GROUP AG | $48K | 10.62% |
| BARCLAYS PLC | $46K | 10.20% |
| CITIGROUP INC | $44K | 9.68% |
| MORGAN STANLEY | $38K | 8.30% |
| VIRTU FINANCIAL INC | $26K | 5.72% |
| JEFFERIES FINANCIAL GROUP INC | $21K | 4.70% |
| ROYAL BANK OF CANADA | $16K | 3.54% |
FTRNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $12.3M | 46.69% |
| BANK OF AMERICA CORPORATION | $6.4M | 24.12% |
| GOLDMAN SACHS GROUP INC (THE) | $3.0M | 11.46% |
| JPMORGAN CHASE and CO | $1.9M | 7.03% |
| MORGAN STANLEY | $1.7M | 6.36% |
| JEFFERIES FINANCIAL GROUP INC | $1.1M | 4.35% |
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.