FFUT Fees and Costs — Fidelity Managed Futures ETF
Data updated: 2026-09-23
The net expense ratio is 0.80%: a 0.80% management fee plus 0.02% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $85K in broker commissions, 0.0643% of average net assets, and portfolio turnover was 1%.
FFUT Fees and Expenses
Annual operating expenses and sales charges of FFUT. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FFUT Costs Over Time
On $10,000 invested in FFUT, assuming 5% a year before costs, total costs come to $542 over 5 years, cutting the return by 0.91% 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 0.80%) | $84 | $262 | $456 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $542 |
| Value after costs | $10,409 | $11,279 | $12,221 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
FFUT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0643%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): $409.2M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
FFUT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $60K | 69.90% |
| MORGAN STANLEY | $8K | 9.31% |
| JPMORGAN CHASE and CO | $7K | 8.74% |
| BARCLAYS PLC | $5K | 5.54% |
| ROYAL BANK OF CANADA | $3K | 4.05% |
| UBS GROUP AG | $2K | 2.46% |
FFUT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $170.5M | 41.66% |
| MORGAN STANLEY | $65.8M | 16.09% |
| DAIWA SECURITIES GROUP INC | $63.3M | 15.46% |
| BARCLAYS PLC | $53.1M | 12.97% |
| WELLS FARGO and CO | $39.8M | 9.73% |
| CITIGROUP INC | $16.7M | 4.09% |
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.