FPFD Fees and Costs — Fidelity Preferred Securities and Income ETF
Data updated: 2026-07-24
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 28%.
FPFD Fees and Expenses
Annual operating expenses and sales charges of FPFD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
FPFD Costs Over Time
On $10,000 invested in FPFD, assuming 5% a year before costs, total costs come to $384 over 5 years, cutting the return by 0.64% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $384 |
| Value after costs | $10,436 | $11,366 | $12,379 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
FPFD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0184%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $55.4M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
FPFD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $2K | 21.77% |
| GOLDMAN SACHS GROUP INC (THE) | $2K | 20.66% |
| MORGAN STANLEY | $1K | 15.86% |
| VIRTU FINANCIAL INC | $823 | 8.73% |
| JEFFERIES FINANCIAL GROUP INC | $643 | 6.82% |
| BARCLAYS PLC | $632 | 6.70% |
| UBS GROUP AG | $524 | 5.56% |
| LIQUIDNET HOLDINGS INC | $505 | 5.35% |
| JPMORGAN CHASE and CO | $495 | 5.25% |
| CITIGROUP INC | $310 | 3.29% |
FPFD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS | $7.9M | 16.99% |
| JPMORGAN CHASE and CO | $7.4M | 15.88% |
| BANK OF AMERICA CORPORATION | $6.9M | 14.81% |
| BARCLAYS PLC | $5.1M | 10.91% |
| GOLDMAN SACHS GROUP INC (THE) | $5.0M | 10.66% |
| MORGAN STANLEY | $3.9M | 8.32% |
| JANE STREET GROUP LLC | $3.7M | 8.00% |
| CITIGROUP INC | $2.9M | 6.16% |
| MIZUHO FINANCIAL GROUP INC | $2.0M | 4.21% |
| BANK OF MONTREAL QUE | $1.9M | 4.05% |
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.