FNCL Fees and Costs — Fidelity MSCI Financials Index ETF
Data updated: 2026-10-13
The net expense ratio is 0.08%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 4%.
FNCL Fees and Expenses
Annual operating expenses and sales charges of FNCL. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FNCL Costs Over Time
On $10,000 invested in FNCL, assuming 5% a year before costs, total costs come to $51 over 5 years, cutting the return by 0.08% 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $8 | $28 | $51 |
| Value after costs | $10,492 | $11,548 | $12,711 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
FNCL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $460.1M
- Portfolio turnover (prospectus): 4%
FNCL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $2K | 15.59% |
| Jefferies LLC | $2K | 13.99% |
| Cantor Fitzgerald & Co. | $2K | 12.82% |
| Barclays Capital Inc. | $2K | 11.82% |
| Morgan Stanley & Co. LLC | $2K | 11.14% |
| BNP Paribas Securities Corp. | $2K | 10.90% |
| BNY Capital Markets, LLC | $1K | 8.40% |
| Citigroup Global Markets Inc. | $815 | 5.28% |
| UBS Securities LLC | $808 | 5.23% |
| TD Securities (USA) LLC | $746 | 4.83% |
FNCL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $316.0M | 68.68% |
| State Street Bank and Trust Company | $144.1M | 31.32% |
| BNP Paribas Securities Corp. | $1K | 0.00% |
| UBS Securities LLC | $1K | 0.00% |
| Barclays Capital Inc. | $300 | 0.00% |
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.