FELC Fees and Costs — Fidelity Enhanced Large Cap Core ETF
Data updated: 2026-09-11
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0177% of average net assets, and portfolio turnover was 77%.
FELC Fees and Expenses
Annual operating expenses and sales charges of FELC. Prospectus, as of October 31, 2025.
| 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 |
FELC Costs Over Time
On $10,000 invested in FELC, assuming 5% a year before costs, total costs come to $126 over 5 years, cutting the return by 0.21% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $21 | $69 | $126 |
| Value after costs | $10,479 | $11,508 | $12,637 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
FELC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0177%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $49.4M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $16.8M
- Net income from securities lending: $13K (0.000% of average net assets)
FELC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $323K | 32.58% |
| BANK OF AMERICA CORPORATION | $225K | 22.62% |
| UBS GROUP AG | $100K | 10.06% |
| MORGAN STANLEY | $100K | 10.04% |
| JPMORGAN CHASE and CO | $86K | 8.65% |
| BARCLAYS PLC | $67K | 6.73% |
| CITIGROUP INC | $47K | 4.69% |
| VIRTU FINANCIAL INC | $21K | 2.07% |
| JEFFERIES FINANCIAL GROUP INC | $17K | 1.73% |
| ROYAL BANK OF CANADA | $8K | 0.83% |
FELC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $25.0M | 50.60% |
| NOMURA HOLDINGS INC | $12.5M | 25.22% |
| BANK OF MONTREAL QUE | $8.6M | 17.35% |
| BARCLAYS PLC | $2.2M | 4.53% |
| JEFFERIES FINANCIAL GROUP INC | $821K | 1.66% |
| DEUTSCHE BANK AG | $317K | 0.64% |
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.