FDV Fees and Costs — Federated Hermes U.S. Strategic Dividend ETF
Data updated: 2026-09-23
The net expense ratio is 0.50%: a 0.60% management fee plus 0.01% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $116K in broker commissions, 0.0348% of average net assets, and portfolio turnover was 37%.
FDV Fees and Expenses
Annual operating expenses and sales charges of FDV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.11% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
FDV Costs Over Time
On $10,000 invested in FDV, assuming 5% a year before costs, total costs come to $338 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) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $185 | $338 |
| Value after costs | $10,444 | $11,392 | $12,425 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
FDV 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): 0.0348%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
FDV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $56K | 48.58% |
| VIRTU Americas LLC | $36K | 30.93% |
| BTIG, LLC | $9K | 7.78% |
| J.P. Morgan Securities LLC | $7K | 6.13% |
| Sanford C. Bernstein & Co., LLC | $6K | 5.06% |
| Strategas Securities, LLC | $2K | 1.33% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $200 | 0.17% |
| Goldman Sachs & Co. LLC | $14 | 0.01% |
| Barclays Capital Inc. | $2 | 0.00% |
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.