You do not pay a transaction fee to Fidelity. The NASD imposes an annual 0.25% cap on shareholder service fees, regardless of whether these fees are authorized as part of a 12b-1 plan.Included in this category are expenses not included in the categories “Management Fees” or “Distribution [and/or Service] (12b-1) Fees.” Examples include shareholder service expenses that are not included in the “Distribution [and/or Service] (12b-1) Fees” category, custodial expenses, legal expenses, accounting expenses, transfer agent expenses, and other administrative expenses.This line of the fee table is the total of a fund's annual fund operating expenses, expressed as a percentage of the fund's average net assets. Before investing, be sure to review a fund's prospectus for specific features and fees associated with any particular share class you're considering.Certain load funds may be offered as load-waived through provisions in their prospectus. The rate at which this fee will decline will be disclosed in the fund's prospectus.A fund or class with a contingent deferred sales load typically will also have an annual 12b-1 fee.Some funds call themselves “no-load.” As the name implies, this means that the fund does not charge any type of sales load. These fees and charges are identified in a fee table, located near the front of a fund's prospectus, under the heading “Shareholder Fees.”Funds typically pay their regular and recurring, fund-wide operating expenses out of fund assets, rather than by imposing separate fees and charges on investors. You should also read a fund's prospectus for a full description of fees charged by each fund.There are three types of mutual funds available through Fidelity FundsNetwork:The different fees that apply to each type of fund are detailed below. For the most part, ETFs are less costly than mutual funds. All fees and expenses described in a fund's prospectus apply.Funds participating in the NTF program pay Fidelity Brokerage Services LLC (FBS) and National Financial Services (NFS) certain fees in connection with offering their products in the NTF program. For example, if an investor writes a $10,000 check to a fund for the purchase of fund shares, and the fund has a 5% front-end sales load, the total amount of the sales load will be $500.This $500 sales load is first deducted from the original $10,000 investment (and typically paid to a selling broker), and, assuming no other front-end fees, the remaining $9,500 is used to purchase fund shares for the investor.The category “Deferred Sales Charge (Load)” in the fee table refers to a sales load that investors pay when they redeem fund shares (that is, sell their shares back to the fund). When you sell those shares, any applicable fees will be assessed based on the status assigned to the shares at the time of purchase. Howeverall else being equalthe structural differences between the 2 products do give ETFs a cost advantage over mutual funds. So this category is described in our general discussion of When you buy a fund, you may receive price breaks. * Certain front-end load funds may be offered as load-waived through the NTF program Unlike a sales load, which is generally used to pay brokers, a redemption fee is typically used to defray fund costs associated with a shareholder's redemption and is paid directly to the fund, not to a broker. Since fees associated with buying and owning mutual funds may impact your investment, it's important that you fully understand all fees before investing.
For example, if you invested $10,000 in a fund that produced a 10% annual return before expenses and had annual operating expenses of 1.5%, then after 20 years you would have roughly $49,725.
Fidelity will charge a short term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 60 days (short-term trade). There are also regular fund operating costs that are not necessarily associated with any particular investor transaction, such as investment advisory fees, marketing and distribution expenses, brokerage fees, and custodial, transfer agency, legal, and accountants' fees.Some funds cover the costs associated with an individual investor's transactions and account by imposing fees and charges directly when investors buy or sell a fund, while others charge fees periodically to all shareholders in the fund. To identify any applicable transaction fees associated with the purchase of a given fund, please refer to the "Fees and Distributions" tab on the individual fund page on Fidelity.com. Keep in mind that a front-end sales load reduces the amount available to purchase fund shares. As described above, however, not every type of shareholder fee is a “sales load,” and a no-load fund may charge fees that are not sales loads.
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fidelity mutual fund fees