FFEM Fees and Costs — Fidelity Fundamental Emerging Markets ETF
Data updated: 2026-09-23
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.1221% of average net assets, and portfolio turnover was 52%.
FFEM Fees and Expenses
Annual operating expenses and sales charges of FFEM. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
FFEM Costs Over Time
On $10,000 invested in FFEM, assuming 5% a year before costs, total costs come to $454 over 5 years, cutting the return by 0.76% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $454 |
| Value after costs | $10,424 | $11,327 | $12,309 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
FFEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1221%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $79K
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
FFEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $4K | 34.58% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 17.06% |
| MORGAN STANLEY | $2K | 15.41% |
| JPMORGAN CHASE and CO | $1K | 10.93% |
| VIRTU FINANCIAL INC | $636 | 4.93% |
| CITIGROUP INC | $587 | 4.55% |
| JEFFERIES FINANCIAL GROUP INC | $578 | 4.48% |
| UBS GROUP AG | $552 | 4.28% |
| NOMURA HOLDINGS INC | $342 | 2.65% |
| MACQUARIE GROUP LTD | $146 | 1.13% |
FFEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $40K | 50.01% |
| BANK OF MONTREAL QUE | $20K | 25.01% |
| JEFFERIES FINANCIAL GROUP INC | $20K | 24.98% |
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.