FDCF Fees and Costs — Fidelity Disruptive Communications 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 $9K in broker commissions, 0.0099% of average net assets, and portfolio turnover was 23%.
FDCF Fees and Expenses
Annual operating expenses and sales charges of FDCF. 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 |
FDCF Costs Over Time
On $10,000 invested in FDCF, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
FDCF 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): 0.0099%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $3K (0.003% of average net assets)
FDCF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DA DAVIDSON COS | $2K | 24.53% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 24.07% |
| JPMORGAN CHASE and CO | $1K | 13.40% |
| MORGAN STANLEY | $802 | 9.15% |
| ALLIANCEBERNSTEIN HOLDING LP | $684 | 7.81% |
| BANK OF AMERICA CORPORATION | $611 | 6.97% |
| VIRTU FINANCIAL INC | $384 | 4.38% |
| CITIGROUP INC | $304 | 3.46% |
| ROYAL BANK OF CANADA | $291 | 3.32% |
| UBS GROUP AG | $254 | 2.90% |
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.