Expense Ratio History

FIMSX expense ratio history

Fidelity Municipal Income 2025 Fund

Fund company
Fidelity
Type
Mutual fund

0.40%

In basis points
40 basis points
Yearly cost per $10,000
$40
Prospectus dated
31 August 2024, filed with the SEC; rounded to 0.01%

Fee over time

FIMSX expense ratio: read at 0.40% on 31 Aug 2024.0.00%0.20%0.40%0.60%0.80%Apr 2017Jul 2018Oct 2019Jan 2021Apr 2022Jul 20230.40% on 31 Aug 2024
FIMSX expense ratio: read at 0.40% on 31 Aug 2024.0.00%0.20%0.40%0.60%0.80%Apr 2017Oct 2019Apr 20220.40% on 31 Aug 2024
Each dot is a prospectus filed with the SEC or a date we read the fee from a source. The fee hasn't changed between them.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
FIMSX (this page) Fidelity Municipal Income 2025 Fund 0.40% — 31 Aug 2024
FAMHX Fidelity Advisor Municipal Income 2025 Fund: Class A 0.65% — 31 Aug 2024
FAMYX Fidelity Advisor Municipal Income 2025 Fund: Class I 0.40% — 31 Aug 2024

Every figure we've recorded

DateFeeWhat happened
31 Aug 2024 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-08-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Aug 2023 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-08-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Aug 2022 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-08-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Aug 2021 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-08-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2020 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2019 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2018 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2017 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Apr 2017 0.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-04-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.40% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$506 in fees over 10 years

After fees, $10,000 grows to $15,664.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$41
3 years$129
5 years$225
10 years$506

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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