FDWM Fees and Costs — Fidelity Women's Leadership ETF
Data updated: 2025-12-23
The net expense ratio is 0.59%: a 0.59% management fee plus 0.03% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $589 in broker commissions, 0.0138% of average net assets, and portfolio turnover was 59%.
FDWM Fees and Expenses
Annual operating expenses and sales charges of FDWM. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.59% |
| 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 |
FDWM Costs Over Time
On $10,000 invested in FDWM, assuming 5% a year before costs, total costs come to $381 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $381 |
| Value after costs | $10,437 | $11,368 | $12,382 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
FDWM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0138%
- Total broker commissions: $589
- Bought from dealers (principal trades, not a cost): $33K
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
FDWM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $101 | 21.43% |
| MORGAN STANLEY | $79 | 16.72% |
| UBS GROUP AG | $57 | 12.00% |
| BANK OF AMERICA CORPORATION | $56 | 11.94% |
| BARCLAYS PLC | $45 | 9.56% |
| ROYAL BANK OF CANADA | $33 | 7.03% |
| CITIGROUP INC | $33 | 6.97% |
| VIRTU FINANCIAL INC | $26 | 5.41% |
| JPMORGAN CHASE and CO | $23 | 4.90% |
| THE TORONTO DOMINION BANK | $19 | 4.05% |
FDWM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $33K | 100.00% |
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.