Sales charges and series descriptions

Sales charges

About sales charges

You may pay a commission to invest in the Fidelity Funds. The commission is also called a sales charge. The commission compensates your financial advisor for the advice and service he or she provides to you. You can choose to purchase your funds under a purchase option for which the sales charges may be payable at the time of purchase.  This is called an initial sales charge, and the amount you pay is negotiable with your advisor.  Alternatively, you can choose to wait until you redeem your funds and pay a percentage of their original cost to us at that time.  This is called a deferred sales charge.  You don’t pay a sales charge if you invest in our fee-based series.  A summary of the types of sales charges are as follows:

 

NL (Fee-based)

No Load sales charge option. Funds are sold without a fee being charged at the time of sale. 
Related series:  F, F5, F8

 

ISC

Initial Sales Charge option. You may pay a sales charge when you buy the series of the Fund.
Related series: B, D, S5, S8

 

DSC*

Deferred Sales Charge option.  If funds are redeemed within six years of purchase, a fixed sales charge based on the original cost of the funds and how long they were held will apply.
Related series: A, C, T5, T8

 

LL*

Low Load deferred sales charge option. DSC option. If funds are redeemed within two years of purchase, a fixed sales charge based on the original cost of the funds and how long they were held will apply.
Related series: A, C, T5, T8

 

LL2*

Low Load 2 deferred sales charge option. DSC option.  If funds are redeemed within three years of purchase, a fixed sales charge based on the original cost of the funds and how long they were held will apply.
Related series: A, C, T5, T8

 

Series descriptions

Series A*

Available to investors who purchase under deferred sales charge (DSC) and low-load (LL or LL2) options.

 

Series B

Available to investors who purchase under the initial sales charge (ISC) option.

Fidelity Preferred Program pricing benefits are available to investors who hold Series B and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools). 

 

Series C*

Only available for Fidelity Canadian Money Market Fund. Available to Fidelity ClearPlan® Custom Fund Portfolio program participants under a deferred sales charge (DSC) option.

 

Series D

Only available for Fidelity Canadian Money Market Fund. Available to Fidelity ClearPlan® Custom Fund Portfolio program participants under the initial sales charge (ISC) option.

 

Series F

Fee-based series.  Available to certain investors who use a fee-based account at their dealer or discount broker.  Instead of paying sales charges, investors in Series F securities may pay their dealer a fee for the investment advice and/or administration and management services they provide or may pay their discount broker a fee for services and any tools or other assistance they provide.

Fidelity Preferred Program pricing benefits are available to investors who hold Series F and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools). 

 

Fidelity Tax-Smart CashFlow™ Series

Fidelity Tax-Smart CashFlow™ and T-Class are designed to provide monthly tax-efficient cash flow to investors by making monthly distributions.
Related Series: T5, T8, S5, S8, F5, F8

 

Series T5*

Available under a deferred sales charge (DSC) and low load (LL or LL2) options.

 

Series S5

Available under the initial sales charge (ISC) option.

Fidelity Preferred Program pricing benefits are available to investors who hold Series S5 and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools). 

 

Series T8*

Available under a deferred sales charge (DSC) and low load (LL or LL2) options.

Series S8

Available under the initial sales charge (ISC) option.

Fidelity Preferred Program pricing benefits are available to investors who hold Series S8 and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools).

 

Series F5

Fee-based series. See Series F above.

Fidelity Preferred Program pricing benefits are available to investors who hold Series F5 and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools). 

 

Series F8

Fee-based series.  See Series F above.

Fidelity Preferred Program pricing benefits are available to investors who hold Series F8 and qualify based on the program and tier minimums (excluding ETF Funds, Alternative Mutual Funds and Pools). 

 

Series INV

Fee-based series. Available to certain investors who have entered into an investment management agreement with Investly™, which is part of Fidelity. Instead of paying sales charges, investors in Series INV units pay their Investly™ portfolio managers a fee for the investment advice and/or administration and management services they provide, which is embedded within Series INV management and advisory fees.

 

Private Wealth Series units

Private Wealth Series units are only available to the Fidelity Private Wealth Portfolio Managers that act on behalf of their clients who have granted them discretionary investment authority. Private Wealth Series investors must enter into an appropriate investment management agreement with Fidelity.

Private Wealth Series units have no management and advisory fees or administration fees. There are also no sales charges payable by investors who purchase Private Wealth Series units. Instead of investors in Private Wealth Series units or Fidelity paying sales charges to dealers, investors in Private Wealth Series units pay Fidelity Private Wealth a fee for the investment advice and/or administration and management services they provide.

Private Wealth Series units will not be eligible for the Fidelity Preferred Program or for the advisor service fee arrangements.

 

Fidelity Preferred Program asset tiers:

  • Tier 1: $250,000 - $999,999

  • Tier 2: $1,000,000 - $2,499,999

  • Tier 3: $2,500,000 - $4,999,999

  • Tier 4: $5,000,000 - $9,999,999

  • Tier 5: $10,000,000 +

Please see the Fidelity Funds simplified prospectuses for more details on Series F and the Fidelity Preferred Program, including their eligibility requirements.