FBOT Fees and Costs — Fidelity Disruptive Automation ETF
Data updated: 2026-09-24
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $12K in broker commissions, 0.0076% of average net assets, and portfolio turnover was 15%.
FBOT Fees and Expenses
Annual operating expenses and sales charges of FBOT. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FBOT Costs Over Time
On $10,000 invested in FBOT, assuming 5% a year before costs, total costs come to $321 over 5 years, cutting the return by 0.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $321 |
| Value after costs | $10,447 | $11,401 | $12,442 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
FBOT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0076%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $27K
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $49K (0.030% of average net assets)
FBOT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SVENSKA HANDELSBANKEN AB | $2K | 19.35% |
| CITIGROUP INC | $2K | 15.74% |
| MORGAN STANLEY | $2K | 13.90% |
| GOLDMAN SACHS GROUP INC (THE) | $1K | 12.58% |
| VIRTU FINANCIAL INC | $1K | 10.60% |
| NOMURA HOLDINGS INC | $839 | 7.41% |
| JPMORGAN CHASE and CO | $809 | 7.14% |
| UBS GROUP AG | $725 | 6.40% |
| CANTOR FITZGERALD LP | $471 | 4.16% |
| BANK OF AMERICA CORPORATION | $308 | 2.72% |
FBOT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $27K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.