FHEQ Fees and Costs — Fidelity Hedged Equity ETF
Data updated: 2026-09-23
The net expense ratio is 0.48%: a 0.48% management fee plus 0.04% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $114K in broker commissions, 0.0213% of average net assets, and portfolio turnover was 88%.
FHEQ Fees and Expenses
Annual operating expenses and sales charges of FHEQ. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.48% |
| 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 |
FHEQ Costs Over Time
On $10,000 invested in FHEQ, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
FHEQ 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): 0.0213%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $260K
- Net income from securities lending: $160 (0.000% of average net assets)
FHEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $31K | 29.12% |
| MORGAN STANLEY | $21K | 19.68% |
| BANK OF AMERICA CORPORATION | $19K | 17.92% |
| UBS GROUP AG | $10K | 9.62% |
| JPMORGAN CHASE and CO | $7K | 6.22% |
| BARCLAYS PLC | $6K | 5.78% |
| CITIGROUP INC | $6K | 5.56% |
| VIRTU FINANCIAL INC | $3K | 3.17% |
| JEFFERIES FINANCIAL GROUP INC | $2K | 1.71% |
| BNP PARIBAS | $1K | 1.22% |
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.