FVIIX Fees and Costs — Fidelity Government Income Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.49%: a 0.28% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $63K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 279%.
FVIIX Fees and Expenses
Annual operating expenses and sales charges of FVIIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FVIIX Costs Over Time
On $10,000 invested in FVIIX, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $312 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
FVIIX 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): 0.0033%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $10.4B
- Portfolio turnover (prospectus): 279%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $8K (0.000% of average net assets)
FVIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $62K | 97.18% |
| JPMORGAN CHASE and CO | $1K | 2.03% |
| GOLDMAN SACHS GROUP INC (THE) | $504 | 0.80% |
FVIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $2.6B | 25.96% |
| JPMORGAN CHASE and CO | $2.3B | 22.73% |
| MORGAN STANLEY | $1.7B | 17.10% |
| BARCLAYS PLC | $862.2M | 8.49% |
| BANK OF AMERICA CORPORATION | $804.3M | 7.92% |
| CITIGROUP INC | $731.4M | 7.20% |
| MIZUHO FINANCIAL GROUP INC | $497.1M | 4.90% |
| WELLS FARGO and CO | $424.6M | 4.18% |
| BANK OF MONTREAL QUE | $95.0M | 0.94% |
| BANCO SANTANDER SA | $59.2M | 0.58% |
Fidelity Government Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKPX | Class Z | 0.36% | none |
| FGOVX | Fidelity Government Income Fund | 0.45% | — |
| FVIIX | Class I | 0.49% | none |
| FVITX | Class M | 0.76% | 4.00% |
| FVIAX | Class A | 0.79% | 4.00% |
| FVICX | Class C | 1.55% | 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.