FPRO Fees and Costs — Fidelity Real Estate Investment ETF
Data updated: 2026-10-13
The net expense ratio is 0.57%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 38%.
FPRO Fees and Expenses
Annual operating expenses and sales charges of FPRO. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FPRO Costs Over Time
On $10,000 invested in FPRO, assuming 5% a year before costs, total costs come to $368 over 5 years, cutting the return by 0.61% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $202 | $368 |
| Value after costs | $10,439 | $11,375 | $12,394 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
FPRO 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): 0.0140%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
FPRO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $286 | 16.48% |
| UBS GROUP AG | $195 | 11.26% |
| JPMORGAN CHASE and CO | $187 | 10.82% |
| ROYAL BANK OF CANADA | $185 | 10.66% |
| MORGAN STANLEY | $175 | 10.11% |
| JEFFERIES FINANCIAL GROUP INC | $160 | 9.22% |
| BANK OF AMERICA CORPORATION | $157 | 9.04% |
| BARCLAYS PLC | $146 | 8.44% |
| VIRTU FINANCIAL INC | $142 | 8.19% |
| NOMURA HOLDINGS INC | $100 | 5.79% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.