FDMO Fees and Costs — Fidelity Momentum Factor ETF
Data updated: 2026-10-13
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $106K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 121%.
FDMO Fees and Expenses
Annual operating expenses and sales charges of FDMO. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FDMO Costs Over Time
On $10,000 invested in FDMO, assuming 5% a year before costs, total costs come to $105 over 5 years, cutting the return by 0.17% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $17 | $57 | $105 |
| Value after costs | $10,483 | $11,519 | $12,658 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
FDMO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $106K
- Bought from dealers (principal trades, not a cost): $148K
- Portfolio turnover (prospectus): 121%
FDMO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $29K | 27.64% |
| MIZUHO FINANCIAL GROUP INC | $29K | 27.43% |
| CITIGROUP INC | $21K | 20.06% |
| GOLDMAN SACHS GROUP INC (THE) | $21K | 19.87% |
| BANK OF AMERICA CORPORATION | $4K | 3.99% |
| JPMORGAN CHASE and CO | $773 | 0.73% |
| TP ICAP GROUP PLC | $159 | 0.15% |
| JEFFERIES FINANCIAL GROUP INC | $124 | 0.12% |
FDMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF MONTREAL QUE | $79K | 53.70% |
| CITIGROUP INC | $37K | 24.83% |
| JPMORGAN CHASE and CO | $32K | 21.47% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.