Fidelity’s Equity‐Income Fund has an expense ratio of approximately 0.66 percent, consisting of a management fee of 0.45 percent and other expenses of 0.21 percent. The Fund calculates that if its operating expenses are 0.66 percent, for every $10,000 invested, an investor would pay $27, $211, $368, and $822 if the account was closed after 1, 3, 5, and 10 years.