FELV Fees and Costs — Fidelity Enhanced Large Cap Value 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 $611K in broker commissions, 0.0233% of average net assets, and portfolio turnover was 69%.
FELV Fees and Expenses
Annual operating expenses and sales charges of FELV. 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 |
FELV Costs Over Time
On $10,000 invested in FELV, assuming 5% a year before costs, total costs come to $129 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 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $129 |
| Value after costs | $10,479 | $11,506 | $12,634 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
FELV 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): 0.0233%
- Total broker commissions: $611K
- Bought from dealers (principal trades, not a cost): $34.2M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $28.4M
- Net income from securities lending: $24K (0.001% of average net assets)
FELV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $188K | 33.35% |
| BANK OF AMERICA CORPORATION | $113K | 19.96% |
| MORGAN STANLEY | $64K | 11.39% |
| UBS GROUP AG | $62K | 10.93% |
| JPMORGAN CHASE and CO | $43K | 7.66% |
| BARCLAYS PLC | $41K | 7.29% |
| CITIGROUP INC | $33K | 5.93% |
| VIRTU FINANCIAL INC | $8K | 1.50% |
| JEFFERIES FINANCIAL GROUP INC | $7K | 1.21% |
| WELLS FARGO and CO | $4K | 0.79% |
FELV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $23.4M | 68.41% |
| BANK OF MONTREAL QUE | $5.1M | 15.00% |
| WELLS FARGO and CO | $3.5M | 10.18% |
| DEUTSCHE BANK AG | $1.8M | 5.16% |
| CITIGROUP INC | $426K | 1.25% |
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.