FDEV Fees and Costs — Fidelity International Multifactor ETF
Data updated: 2026-09-23
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $53K in broker commissions, 0.0375% of average net assets, and portfolio turnover was 55%.
FDEV Fees and Expenses
Annual operating expenses and sales charges of FDEV. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
FDEV Costs Over Time
On $10,000 invested in FDEV, assuming 5% a year before costs, total costs come to $138 over 5 years, cutting the return by 0.23% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $75 | $138 |
| Value after costs | $10,477 | $11,501 | $12,625 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
FDEV 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): 0.0375%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): $92K
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $106K
- Net income from securities lending: $749 (0.001% of average net assets)
FDEV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $38K | 72.28% |
| MIZUHO FINANCIAL GROUP INC | $13K | 24.22% |
| UBS GROUP AG | $921 | 1.74% |
| MACQUARIE GROUP LTD | $275 | 0.52% |
| MORGAN STANLEY | $235 | 0.44% |
| JPMORGAN CHASE and CO | $220 | 0.41% |
| BARCLAYS PLC | $149 | 0.28% |
| JEFFERIES FINANCIAL GROUP INC | $53 | 0.10% |
| NOMURA HOLDINGS INC | $3 | 0.00% |
FDEV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $59K | 64.50% |
| CITIGROUP INC | $33K | 35.50% |
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.