FRNW Fees and Costs — Fidelity Clean Energy 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 $15K in broker commissions, 0.0238% of average net assets, and portfolio turnover was 46%.
FRNW Fees and Expenses
Annual operating expenses and sales charges of FRNW. 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 |
FRNW Costs Over Time
On $10,000 invested in FRNW, assuming 5% a year before costs, total costs come to $262 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 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $262 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
FRNW 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): 0.0238%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $8.9M
- Net income from securities lending: $158K (0.245% of average net assets)
FRNW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE GROUP LTD | $11K | 72.76% |
| BANK OF AMERICA CORPORATION | $1K | 9.65% |
| JPMORGAN CHASE and CO | $1K | 7.65% |
| NOMURA HOLDINGS INC | $926 | 6.06% |
| UBS GROUP AG | $192 | 1.25% |
| BARCLAYS PLC | $143 | 0.94% |
| CITIGROUP INC | $107 | 0.70% |
| MORGAN STANLEY | $64 | 0.42% |
| GOLDMAN SACHS GROUP INC (THE) | $49 | 0.32% |
| MIZUHO FINANCIAL GROUP INC | $39 | 0.26% |
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.