FSEV Fees and Costs — Fidelity Enhanced Small Cap Value ETF
Data updated: 2026-09-11
The net expense ratio is 0.28%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0240% of average net assets.
FSEV Fees and Expenses
Annual operating expenses and sales charges of FSEV. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
FSEV Costs Over Time
On $10,000 invested in FSEV, assuming 5% a year before costs, total costs come to $193 over 5 years, cutting the return by 0.32% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $105 | $193 |
| Value after costs | $10,468 | $11,471 | $12,570 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
FSEV 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): 0.0240%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FSEV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS GROUP AG | $402 | 30.50% |
| GOLDMAN SACHS GROUP INC (THE) | $347 | 26.33% |
| BARCLAYS PLC | $165 | 12.50% |
| MORGAN STANLEY | $118 | 8.97% |
| BANK OF AMERICA CORPORATION | $113 | 8.54% |
| CITIGROUP INC | $85 | 6.47% |
| JPMORGAN CHASE and CO | $53 | 4.00% |
| JEFFERIES FINANCIAL GROUP INC | $14 | 1.06% |
| NOMURA HOLDINGS INC | $12 | 0.92% |
| VIRTU FINANCIAL INC | $9 | 0.71% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.