FTBD Fees and Costs — Fidelity Tactical Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $101 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 53%.
FTBD Fees and Expenses
Annual operating expenses and sales charges of FTBD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
FTBD Costs Over Time
On $10,000 invested in FTBD, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
FTBD 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): 0.0004%
- Total broker commissions: $101
- Bought from dealers (principal trades, not a cost): $27.7M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $170K
- Net income from securities lending: $670 (0.002% of average net assets)
FTBD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $86 | 85.44% |
| GOLDMAN SACHS GROUP INC (THE) | $5 | 4.78% |
| CITIGROUP INC | $5 | 4.76% |
| JPMORGAN CHASE and CO | $4 | 3.85% |
| JEFFERIES FINANCIAL GROUP INC | $1 | 0.64% |
| BANK OF AMERICA CORPORATION | $0 | 0.24% |
| CONDOR TRADING LLC | $0 | 0.17% |
| LIQUIDNET HOLDINGS INC | $0 | 0.12% |
FTBD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $4.3M | 18.70% |
| MORGAN STANLEY | $4.0M | 17.28% |
| BARCLAYS PLC | $3.5M | 15.34% |
| GOLDMAN SACHS GROUP INC (THE) | $2.8M | 12.22% |
| BANK OF AMERICA CORPORATION | $2.2M | 9.53% |
| CITIGROUP INC | $2.0M | 8.51% |
| WELLS FARGO and CO | $1.8M | 8.04% |
| JEFFERIES FINANCIAL GROUP INC | $960K | 4.19% |
| DEUTSCHE BANK AG | $793K | 3.46% |
| BNP PARIBAS | $632K | 2.76% |
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.