FEMV Fees and Costs — Fidelity Enhanced Mid Cap Value ETF
Data updated: 2026-09-11
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $434 in broker commissions, 0.0084% of average net assets.
FEMV Fees and Expenses
Annual operating expenses and sales charges of FEMV. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| 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 |
FEMV Costs Over Time
On $10,000 invested in FEMV, assuming 5% a year before costs, total costs come to $151 over 5 years, cutting the return by 0.25% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $151 |
| Value after costs | $10,475 | $11,494 | $12,611 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
FEMV 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): 0.0084%
- Total broker commissions: $434
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FEMV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS GROUP AG | $121 | 28.29% |
| GOLDMAN SACHS GROUP INC (THE) | $105 | 24.54% |
| CITIGROUP INC | $75 | 17.64% |
| BANK OF AMERICA CORPORATION | $53 | 12.29% |
| BARCLAYS PLC | $28 | 6.48% |
| MORGAN STANLEY | $21 | 4.91% |
| JPMORGAN CHASE and CO | $8 | 1.81% |
| JEFFERIES FINANCIAL GROUP INC | $7 | 1.64% |
| NOMURA HOLDINGS INC | $6 | 1.34% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $5 | 1.08% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.