FDFF Fees and Costs — Fidelity Disruptive Finance 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 $14K in broker commissions, 0.0300% of average net assets, and portfolio turnover was 26%.
FDFF Fees and Expenses
Annual operating expenses and sales charges of FDFF. 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 |
FDFF Costs Over Time
On $10,000 invested in FDFF, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
FDFF 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): 0.0300%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $20K
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $8K (0.016% of average net assets)
FDFF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $7K | 54.86% |
| CONDOR TRADING LLC | $2K | 12.50% |
| UBS GROUP AG | $874 | 6.80% |
| GOLDMAN SACHS GROUP INC (THE) | $818 | 6.37% |
| BARCLAYS PLC | $757 | 5.89% |
| BANK OF AMERICA CORPORATION | $458 | 3.57% |
| THE TORONTO DOMINION BANK | $385 | 3.00% |
| VIRTU FINANCIAL INC | $327 | 2.54% |
| STIFEL FINANCIAL CORP | $306 | 2.38% |
| ROYAL BANK OF CANADA | $268 | 2.08% |
FDFF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $12K | 60.78% |
| MORGAN STANLEY | $8K | 39.22% |
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.