FQAL Fees and Costs — Fidelity Quality Factor ETF
Data updated: 2026-10-13
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $67K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 33%.
FQAL Fees and Expenses
Annual operating expenses and sales charges of FQAL. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FQAL Costs Over Time
On $10,000 invested in FQAL, assuming 5% a year before costs, total costs come to $99 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $54 | $99 |
| Value after costs | $10,484 | $11,522 | $12,664 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
FQAL 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): 0.0055%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): $917K
- Portfolio turnover (prospectus): 33%
FQAL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $20K | 30.02% |
| MORGAN STANLEY | $17K | 24.87% |
| MIZUHO FINANCIAL GROUP INC | $12K | 18.46% |
| BANK OF AMERICA CORPORATION | $11K | 16.61% |
| CITIGROUP INC | $3K | 4.42% |
| JPMORGAN CHASE and CO | $2K | 2.77% |
| JEFFERIES FINANCIAL GROUP INC | $1K | 1.85% |
| MACQUARIE GROUP LTD | $446 | 0.67% |
| NOMURA HOLDINGS INC | $167 | 0.25% |
| TP ICAP GROUP PLC | $44 | 0.07% |
FQAL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF MONTREAL QUE | $669K | 72.90% |
| CITIGROUP INC | $135K | 14.68% |
| JPMORGAN CHASE and CO | $114K | 12.41% |
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.