Transaction Pricing Schedule

Transcription

1 Transaction Pricing Schedule The following pricing schedule includes costs for orders and/or allocations placed online using Fidelity Wealthscape SM and other Fidelity-supported order management systems, as well as through a Fidelity Investments (Fidelity) Representative. We periodically update our pricing schedules, and this version of the schedule may differ from the version applicable to your relationship with Fidelity Clearing & Custody Solutions. EQUITIES Domestic Online Orders: For householded accounts under $1M that are enrolled in edelivery and all householded accounts over $1M (plus $0.01 per share for every share over 10,000 shares) For householded accounts under $1M that are not enrolled in edelivery (plus $0.015 per share for every share over 1,000 shares) $ $ Domestic Manual Orders via Trading Desk (includes any broker assistance through the order process) 2 $25.00 premium above the domestic online rates noted above 3 International (USD settlement) 4 Equity Component of Trade: $40.00 flat rate plus 30 basis points (bps) on principal (except for Canada) $0.03 per share if share price is greater than $1.00 (Canada) $0.01 per share if share price is less than $1.00 FX Component of Trade (included in price of trade): 0.06% of principal (Canada) 0.30% of principal (all others) International (local currency settlement direct customer charge) Trade Here Settle Anywhere Orders 5 (DVP Accounts): Domestic International (direct customer charge) Orders Placed Online Using Algorithmic Strategies (direct customer charge): Basic Premium and Fidelity Active Trader Services (DarkSweep ) Step-In Orders 3 See the International Schedule Addendum from your Fidelity Representative $0.03 per share Negotiated basis $0.000 per-share premium above the regular equity rate $0.015 per-share premium above the regular equity rate $10.00 additional fee above domestic online rates

2 EXCHANGE-TRADED FUNDS (ETFs) Online orders for ishares ETFs* and the Fidelity Nasdaq Composite Index Tracking Stock Fund (ONEQ) 6 Online orders for Fidelity sector ETFs 6 Online ETF Orders (excluding the ETFs referenced above): For householded accounts under $1M that are enrolled in edelivery and all householded accounts over $1M (plus $0.01 per share for every share over 10,000 shares) For householded accounts under $1M that are not enrolled in edelivery (plus $0.015 per share for every share over 1,000 shares) $0.00 $0.00 $ $ Manual ETF Orders via Trading Desk (includes any broker assistance through the order process) 2 $25.00 premium above the online rates noted above 3 MUTUAL FUNDS (INCLUDING MONEY MARKETS) No Transaction Fee (NTF) Funds: 7 Fidelity retail funds Fidelity advisor funds Fidelity money market funds Non-Fidelity funds that participate in NTF program Transaction Fee (TF) Funds: 7 A $20.00 additional fee above TF rates will apply on buy-side transactions for certain fund families. Contact your Sales Representative or Relationship Manager or check Wealthscape SM for a listing of impacted fund families. A $20.00 additional fee above TF rates will apply on certain transactions for Non-Participating CUSIPs. 8 Non-Fidelity funds that do not participate in NTF program (no load) Periodic Investment Plan (PIP) transactions Systematic Withdrawal Plan (SWP) transactions Non-Fidelity load funds with a front-end or back-end sales charge Non-Fidelity load funds with a front-end or back-end sales charge, where a load waiver applies (direct customer charge) $30.00 flat ticket $5.00 flat ticket $5.00 flat ticket $30.00 flat ticket FIXED INCOME DIRECT CUSTOMER CHARGE Principal Business: 9 Municipal bonds, corporate bonds, certificates of deposit, government bonds (including agencies), mortgage-backed securities, and U.S. Treasury and related securities, commercial paper and structured notes Government auction orders (notes and bonds) Government Treasury bills auction orders Variable-rate demand notes (VRDNs) Variable-rate demand obligations (VRDOs) International (USD settlement) 10 International (local currency settlement) 10 Agency Business: Crossing fee 11 Auction rate securities Exchange-traded fixed income securities Competitive basis $50.00 per order $0.00 per order $0.00 per order $0.00 per order Negotiated basis (includes FX charge) Negotiated basis (includes FX charge where applicable) $30.00 per side of the order $50.00 per order $2.50 per bond with $40.00 minimum per order OPTIONS Online orders Manual orders placed via Trading Desk $4.95 plus $0.65 per contract $29.95 plus $0.65 per contract 2

3 OTHER SECURITIES Unit investment trust (direct customer charge) $30.00 per order MARGIN BORROWING DIRECT CUSTOMER CHARGE Average debit balance $0 $9,999 $10,000 $24,999 $25,000 $49,999 $50,000 $249,999 $250,000 $999,999 $1,000,000 $4,999,999 $5,000,000+ Interest rate basis FABLR 12 FABLR % FABLR % FABLR % FABLR % FABLR % FABLR % FABLR % ALTERNATIVE INVESTMENTS DIRECT CUSTOMER CHARGE Alternative Investments Custody Transaction Fee Funds: Buys/sells Transfers/reregistrations Annual custody fee (maximum account charge of $500.00) Fidelity Alternative Investments Network No Transaction Fee Funds Fidelity Alternative Investments Network Transaction Fee Funds: Buys/sells Transfers/reregistrations Annual custody fee $ (subsequent orders are $10.00 per transaction) $ per transaction $ per position No fees $ (subsequent orders are $10.00 per transaction) $ per transaction $0.00 per position TRADE-AWAY FEE Trade-away fee $ International trade-away fee Negotiated premium above trade-away fee 3 PRECIOUS METALS Buy Orders: <$10,000 $10,000 $49,999 $50,000 $100,000 >$100,000 Sell Orders: <$50,000 $50,000 $250,000 >$250,000 Storage Fee (direct customer charge): Charged in advance of each quarter based on the value of the holding or coins at the time of billing Fabrication Fee (direct customer charge) Delivery Fee (direct customer charge) 1.45% 1.25% 0.99% 0.50% 1.00% 0.50% 0.38% 0.125% per quarter of the total value of the holdings or $3.75 (minimum), whichever is greater Varies by conversion and metal. Customers should refer to statements. Varies by location. Customers should refer to statements. Fidelity may incur additional fees from third-party providers. Such fees, if any, shall be charged to the customer. 3

4 OTHER FEES DIRECT CUSTOMER CHARGE Foreign currency exchange transaction International dividends/reorganization Wire fee (including foreign currency) Wire fee (if the online cashiering feature is not used) Check reorder Overnight check request IRA account closeout fee Account closeout fee (non-ira) ADR wind/unwind fee See Foreign Currency Exchange Schedule FX charge up to 1.00% of principal; 0.50% for trades over $1,000,000 USD national 13 $15.00 $30.00 $6.00 $8.00 $ per account $75.00 per account Competitive basis ADDITIONAL SERVICES PROVIDED AT NO CHARGE Custody EFT Dividend postings Retirement accounts ADDITIONAL PRICING An additional platform fee of $2, per quarter may be charged to a firm s master account if their assets fall under $25,000,000 held with Fidelity Brokerage Services LLC and custodied with National Financial Services LLC. MANAGED ACCOUNTS For accounts in the Managed Account Solutions (MAS) program, please refer to the MAS Tri-party Agreement among Fidelity, Envestnet, and your firm for the asset-based custody fees. Please note that accounts may be subject to certain transaction and other fees, as outlined in this fee schedule. For the Separate Account Network, the asset-based custody fee is set forth below. Please note that accounts may be subject to certain transaction and other fees, as outlined in this fee schedule. SEPARATE ACCOUNT NETWORK SCHEDULE ACCOUNT SIZE LOW TURNOVER BPS HIGH TURNOVER BPS Up to $250, >$250,000 $500, >$500,000 $1,000, >$1,000,000 $2,000, >$2,000,000 $5,000, >$5,000, Linear method example: If pricing is up to $250,000 at 38 bps and greater than $250,000 to $500,000 at 20 bps, an account with an average daily balance of total assets of $450,000 will be charged an effective rate of 20 bps for the period. Rate is based on the total average daily asset balance in the account for the month. If you have any questions, please contact your Fidelity Representative. FIDELITY CLEARING & CUSTODY SOLUTIONS 200 Seaport Boulevard Boston, MA

5 FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC AS SALES MATERIAL IN ANY FORM. * Fidelity Brokerage Services LLC (FBS) receives compensation from the fund s advisor or its affiliates in connection with an exclusive, long-term marketing program that includes the promotion of certain ishares funds to customers and/or third-party intermediaries who conduct business through Fidelity Clearing & Custody Solutions, as well as a reduced commission rate for online or automated purchases and sales of certain ishares funds for customers ( Marketing Program ). FBS is entitled to receive additional payments after termination of the Marketing Program based on a number of criteria, including the overall success of the Marketing Program. The Marketing Program creates significant incentives for FBS to encourage the purchase of ishares funds. Additional information about the sources, amounts, and terms of compensation is in the ETF s prospectus and related documents. 1 Where the stock price is less than $1.00, a $4.95 flat fee will be charged. 2 Includes assistance with the order or block allocation. Broker assistance includes contacting Fidelity trade desk for assistance, even if the order is subsequently placed online. 3 With the exception of markups and markdowns on principal trades, charges outlined within this schedule for trades executed through Fidelity may be reflected as commissions and/or fees on trade confirmations. Trade-away fees will appear as service fees on the confirmation. 4 Foreign orders submitted through a standard USD order ticket. This includes Nasdaq five-letter (pink sheet symbol), ordinary, and ETF shares executed through a U.S. market maker or through the local market settled in USD. Standard equity rates may apply to firms that bill the master account. 5 Custodial jurisdiction is subject to Fidelity Investments approval. Settlement instructions are subject to review and approval by Fidelity. Fidelity Investments reserves the right to limit or prohibit trading to any custodian or country at its discretion. System availability and response times may be subject to market conditions. 6 Commission-free pricing applies only if the trade is placed online through Fidelity and the securities are custodied at Fidelity. Orders executed away from Fidelity are not eligible. Other fees may apply. The sale of ETFs are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal) by Fidelity. A short-term trading fee will be charged to the customer account upon the sale of a $0 commission ETF held for less than 30 days. Fidelity may change the list of qualifying ETFs from time to time with notice to you. The list of qualifying ETFs will be provided upon request. 7 At the time of purchase, shares will be assigned either a load, transaction-fee (TF), or no-transaction-fee (NTF) status. When those shares are subsequently sold, any fees applicable to the transaction will be assessed based on the status assigned to the shares at the time of purchase. 8 Assessed on buys, exchanges-roundtrip for any fund or share class (at the CUSIP level) within a fund family that otherwise participates in the Fidelity FundsNetwork Program but does not pay a servicing fee to Fidelity (including both asset-based or position-based servicing fees) for such fund or share class ( Non-Participating CUSIPs ). Non-Participating CUSIPs are identified on the IFN Directory in Wealthscape SM (or any successor thereto) and subject to change without notice. 9 Fidelity s affiliate, National Financial Services LLC (NFS), may receive additional compensation or other benefits from principal trades because of the dealer spread or because of any gains resulting from changes in the prices of securities and other property held for NFS s own account before sale to, or after purchase from, the customer or advisor block trading account. 10 Currently available on an exception basis and is subject to further review, approval, and documentation requirements. 11 The client approves the trade between two customer accounts managed by the same advisor or other intermediary. 12 The Fidelity Advisor Base Lending Rate (FABLR) is set at the discretion of Fidelity with reference to commercially recognized interest rates, industry conditions regarding the extension of margin credit, and general credit conditions. The FABLR base rate is posted in the Fidelity Rates screen in Wealthscape SM. 13 An FX charge occurs when a dividend is paid or a reorganization event occurs on a foreign asset held in an account in U.S. dollars. Accounts must be enabled for international trading before trading in local currency can commence. All clients are expected to use Fidelity s electronic channel services, which include, but are not limited to, Fidelity s Online Service Center, Online Cashiering, Alerts, and electronic delivery of statements and confirmations. Failure to use these services may also result in the assessment of the platform fee. An issuer, sponsor, or exchange may charge additional fees to Fidelity for processing, custody, or otherwise. Fidelity shall pass on any such fees to the customer. In some cases, such as with trades executed in foreign markets, those fees may be built into the net purchase or sale price of the security. There is an assessment from $0.01 to $0.03 per $1,000 of principal in addition to transaction fees that you may pay that is added to sell orders. This assessment is imposed on the financial services industry by regulators to cover the government s costs of regulating the security markets and security professionals. You acknowledge and agree that Activity Assessment Fees may differ from or exceed the Regulatory Fees paid by Fidelity in connection with your transactions. These differences may be caused by various factors, including, among other things, the rounding methodology used by Fidelity, the use of allocation accounts, transactions or settlement movements for which a Regulatory Fee may not be assessed, differences between the dates of fee rate changes, and various other reasons. You acknowledge that Fidelity has made no representation that Activity Assessment Fees assessed to you will equal the Regulatory Fees assessed against Fidelity with respect to or resulting from your transactions. Mutual Fund Short-Term Trading Fee (direct to customer) Fidelity reserves the right to change the funds available without transaction fees and to reinstate the fees on any funds. Fidelity will charge a short-term trading fee each time you sell or exchange shares of Institutional FundsNetwork no-transaction-fee (NTF) funds held less than 60 days (short-term trade), with certain exceptions. If these funds are held for more than 60 days, they may be sold without a short-term trading fee. Fidelity funds, money market funds, funds redeemed through a systematic withdrawal program, shares purchased through a periodic purchase program, and shares purchased through dividend reinvestment may be sold without this fee. Fidelity Investments reserves the right to exempt certain funds (including funds that allow short-term trading) or accounts from this fee. The fee will be based on the following fee schedule: 0.50% of the principal amount of the transaction Maximum: $200 Minimum: $30 Please be aware that certain Institutional FundsNetwork funds may be subject to separate and additional redemption fees imposed by the particular fund. Please remember to inform your customers regarding these fees and commissions. Please refer to that fund s current prospectus for details. Fidelity Brokerage Services LLC, or its brokerage affiliate, may receive remuneration for providing certain recordkeeping or shareholder services to these fund families. All pricing is subject to change without notice. Nasdaq, Nasdaq Composite, and Nasdaq Composite Index are registered service marks of The NASDAQ OMX Group, Inc. (which, with its affiliates, is the Corporations ), and are licensed for use by Fidelity. The product(s) have not been passed on by the Corporations as to their legality or suitability. The product(s) are not issued, endorsed, or sold by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

6 International trading, including direct investments in foreign markets, involves various investment risks, including foreign exchange risk (the possibility that foreign currency will fluctuate in value against the U.S. dollar); increased volatility as compared with the U.S. markets; political, economic, and social events that may influence foreign markets or affect the prices of foreign securities; lack of liquidity (foreign markets may have lower trading volumes and fewer listed companies, shorter trading hours, and restrictions on the types of securities that foreign investors may buy and sell); and less access to information about foreign companies. Emerging markets, in particular, can be subject to greater social, economic, regulatory, and political uncertainties, and can be extremely volatile. The content provided in this pricing schedule is general in nature and is for informational purposes only. This information is not individualized and is not intended to serve as the primary or sole basis for your decisions, as there may be other factors you should consider. The Fidelity Investments and pyramid design logo is a registered service mark of FMR LLC. Fidelity Capital Markets is a division of National Financial Services LLC (NFS). NFS is a Fidelity Investments company. When trading in Canadian stocks, orders are generally routed to brokers in Canada. However, dually listed Canadian stocks may be routed to a Canadian broker or U.S. market center for execution. If the order is routed to a Canadian broker, a local broker s fee of $ CAD if less than $1 CAD and $0.005 CAD if greater than $1 CAD and a foreign exchange fee of up to 0.01% of the principal may also be incorporated into the execution price. Fidelity may route some of these orders to its Canadian broker-dealer affiliate, which will execute these orders and receive the local broker s fee noted above. Currency exchanges are completed on behalf of Fidelity Brokerage Services LLC and National Financial Services LLC (together Fidelity ) by Fidelity FOREX, Inc., an affiliate of Fidelity. Fidelity sends the transaction to Fidelity FOREX, Inc., for the foreign exchange transaction. Fidelity serves as agent and Fidelity FOREX, Inc., as principal to the foreign exchange transaction. Fidelity FOREX, Inc., may in turn share a portion of any foreign exchange commission or markup with Fidelity. More favorable exchange rates may be available through third parties not affiliated with Fidelity. For investment professional and institutional investor use only. Not for distribution to the public as sales material in any form. The registered and unregistered trademarks and service marks appearing herein are the property of FMR LLC. Any third-party marks appearing herein are the property of their respective owners. Fidelity Clearing & Custody Solutions provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 200 Seaport Boulevard, Boston, MA FMR LLC. All rights reserved