FMET Fees and Costs — Fidelity Metaverse ETF
Data updated: 2026-09-11
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 30%.
FMET Fees and Expenses
Annual operating expenses and sales charges of FMET. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
FMET Costs Over Time
On $10,000 invested in FMET, assuming 5% a year before costs, total costs come to $258 over 5 years, cutting the return by 0.43% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $141 | $258 |
| Value after costs | $10,457 | $11,435 | $12,505 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
FMET 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): 0.0171%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $6K (0.012% of average net assets)
FMET Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE GROUP LTD | $5K | 64.63% |
| CITIGROUP INC | $1K | 19.10% |
| BANK OF AMERICA CORPORATION | $981 | 12.52% |
| JPMORGAN CHASE and CO | $256 | 3.27% |
| MIZUHO FINANCIAL GROUP INC | $16 | 0.20% |
| MORGAN STANLEY | $14 | 0.17% |
| GOLDMAN SACHS GROUP INC (THE) | $6 | 0.07% |
| JEFFERIES FINANCIAL GROUP INC | $2 | 0.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.