ONEQ Fees and Costs — Fidelity Nasdaq Composite Index ETF
Data updated: 2026-07-24
The net expense ratio is 0.21%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 5%.
ONEQ Fees and Expenses
Annual operating expenses and sales charges of ONEQ. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| 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 |
ONEQ Costs Over Time
On $10,000 invested in ONEQ, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
ONEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $4.9M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $197.2M
- Net income from securities lending: $10.1M (0.127% of average net assets)
ONEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $8K | 28.46% |
| JPMORGAN CHASE and CO | $8K | 28.03% |
| GOLDMAN SACHS GROUP INC (THE) | $7K | 25.86% |
| JEFFERIES FINANCIAL GROUP INC | $1K | 4.69% |
| BANK OF AMERICA CORPORATION | $1K | 4.21% |
| MORGAN STANLEY | $1K | 4.07% |
| CITIGROUP INC | $364 | 1.31% |
| TP ICAP GROUP PLC | $335 | 1.21% |
| BARCLAYS PLC | $320 | 1.15% |
| UBS GROUP AG | $275 | 0.99% |
ONEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $2.5M | 50.22% |
| JPMORGAN CHASE and CO | $2.4M | 49.78% |
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.