FDEM Fees and Costs — Fidelity Emerging Markets Multifactor ETF
Data updated: 2026-09-23
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $209K in broker commissions, 0.1242% of average net assets, and portfolio turnover was 65%.
FDEM Fees and Expenses
Annual operating expenses and sales charges of FDEM. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
FDEM Costs Over Time
On $10,000 invested in FDEM, assuming 5% a year before costs, total costs come to $237 over 5 years, cutting the return by 0.39% 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 0.25%) | $26 | $82 | $144 |
| Trading costs (broker commissions) | $13 | $41 | $71 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $129 | $237 |
| Value after costs | $10,461 | $11,447 | $12,526 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
FDEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1242%
- Total broker commissions: $209K
- Bought from dealers (principal trades, not a cost): $72K
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $676K
- Net income from securities lending: $13K (0.007% of average net assets)
FDEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $104K | 49.96% |
| JPMORGAN CHASE and CO | $49K | 23.35% |
| UBS GROUP AG | $46K | 22.03% |
| MIZUHO FINANCIAL GROUP INC | $7K | 3.24% |
| BANK OF AMERICA CORPORATION | $2K | 0.78% |
| MORGAN STANLEY | $754 | 0.36% |
| MACQUARIE GROUP LTD | $490 | 0.23% |
| BARCLAYS PLC | $98 | 0.05% |
| NOMURA HOLDINGS INC | $4 | 0.00% |
FDEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $41K | 56.16% |
| CITIGROUP INC | $32K | 43.84% |
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.