FEMR Fees and Costs — Fidelity Enhanced Emerging Markets ETF
Data updated: 2026-09-11
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $173K in broker commissions, 0.2525% of average net assets, and portfolio turnover was 46%.
FEMR Fees and Expenses
Annual operating expenses and sales charges of FEMR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
FEMR Costs Over Time
On $10,000 invested in FEMR, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.66% 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 0.38%) | $40 | $125 | $218 |
| Trading costs (broker commissions) | $27 | $83 | $145 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $399 |
| Value after costs | $10,434 | $11,358 | $12,364 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
FEMR 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): 0.2525%
- Total broker commissions: $173K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $87K
- Net income from securities lending: $1K (0.002% of average net assets)
FEMR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS GROUP AG | $60K | 35.16% |
| MORGAN STANLEY | $33K | 19.69% |
| JEFFERIES FINANCIAL GROUP INC | $30K | 17.93% |
| BANK OF AMERICA CORPORATION | $23K | 13.73% |
| JPMORGAN CHASE and CO | $10K | 5.82% |
| GOLDMAN SACHS GROUP INC (THE) | $6K | 3.35% |
| CITIGROUP INC | $3K | 1.55% |
| MACQUARIE GROUP LTD | $2K | 1.40% |
| EFG HOLDING S.A.E. | $2K | 0.92% |
| BARCLAYS PLC | $770 | 0.45% |
FEMR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $535K | 42.51% |
| NOMURA HOLDINGS INC | $218K | 17.32% |
| BARCLAYS PLC | $159K | 12.60% |
| JEFFERIES FINANCIAL GROUP INC | $129K | 10.25% |
| DEUTSCHE BANK AG | $119K | 9.43% |
| CITIGROUP INC | $99K | 7.88% |
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.