FENI Fees and Costs — Fidelity Enhanced International ETF
Data updated: 2026-09-11
The net expense ratio is 0.28%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5.8M in broker commissions, 0.0909% of average net assets, and portfolio turnover was 73%.
FENI Fees and Expenses
Annual operating expenses and sales charges of FENI. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
FENI Costs Over Time
On $10,000 invested in FENI, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
FENI 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): 0.0909%
- Total broker commissions: $5.8M
- Bought from dealers (principal trades, not a cost): $24.5M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $51.5M
- Net income from securities lending: $510K (0.008% of average net assets)
FENI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $1.3M | 21.70% |
| MORGAN STANLEY | $1.3M | 21.52% |
| JPMORGAN CHASE and CO | $871K | 14.98% |
| GOLDMAN SACHS GROUP INC (THE) | $834K | 14.34% |
| JEFFERIES FINANCIAL GROUP INC | $751K | 12.90% |
| UBS GROUP AG | $529K | 9.09% |
| CITIGROUP INC | $296K | 5.10% |
| ROYAL BANK OF CANADA | $11K | 0.19% |
| BARCLAYS PLC | $6K | 0.11% |
| MACQUARIE GROUP LTD | $4K | 0.07% |
FENI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $8.5M | 34.78% |
| NOMURA HOLDINGS INC | $4.9M | 20.08% |
| WELLS FARGO and CO | $4.7M | 19.11% |
| BARCLAYS PLC | $3.4M | 14.04% |
| DEUTSCHE BANK AG | $1.7M | 6.79% |
| JEFFERIES FINANCIAL GROUP INC | $1.3M | 5.21% |
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.