Commission-Free ETF Platform Expanded with ETFs from Leading Providers; Includes Smart Beta and Active ETFs
BOSTON, June 3, 2019 – Fidelity Investments®, one of the largest and most diversified financial services providers with $7.6 trillion in client assets, today announced full availability of its expanded commission-free ETF platform for investors and advisors, with the addition of 11 new ETF manufacturers.
By adding nearly 150 ETFs from some of the industry’s largest providers alongside its suite of Fidelity-managed ETFs and hundreds of available iShares funds, Fidelity now offers more than 500 high-quality ETFs for purchase commission-free online. The expanded platform helps clients – representing 28 million brokerage accounts across Fidelity’s retail and institutional businesses – create diversified portfolios that help meet their investment goals. The new ETF manufacturers added to the platform include: American Century®, First Trust, Franklin Templeton, Goldman Sachs Asset Management, Invesco, Janus Henderson, John Hancock Investments, J.P. Morgan Asset Management, Legg Mason Global Asset Management, PIMCO and State Street Global Advisors SPDR ETFs.
ETFs in the lineup are competitively priced, with an average expense ratio of 0.36%i, and represent 69 Morningstar categories. Industry assets under management in Fidelity’s available commission-free ETFs account for 40% of the overall U.S. ETF marketii. Fidelity has more than $450 billion in ETF client assets under administrationiii.
Choice & Simplicity
“Fidelity’s commission-free ETF platform delivers on the choice and simplicity that our customers expect, with a focus on high-quality ETFs from leading providers that will make it even easier for investors and advisors to help build the right portfolios for their needs,” said Anthony Rochte, head of Fidelity Institutional’s investments & technology group. “With these new ETFs, our ZERO index funds for retail investors and significantly reduced pricing on our index funds alongside our award-winning research, investing tools and customer service, we believe our value is unmatched in the industry.”
Fidelity not only delivers some of the most competitively priced ETFs in the industry, customers also have access to extensive educational resources and research tools such as ETF screeners, which help them research ETFs using a range of criteria (e.g., searching by specific themes such as artificial intelligence, health care, social responsibility and more).
To learn more about Fidelity’s expanded commission-free ETF lineup, please visit here.
i Net average expense ratio; does not include any waivers or reimbursements, see each fund’s prospectus for its expense ratio and any additional details
ii Source: Bloomberg, as of May 8, 2019
iii As of April 30, 2019
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.6 trillion, including managed assets of $2.7 trillion as of April 30, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.
Free commission offer applies to online purchases of select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
Fidelity Announces New Lineup for Commission-Free ETF Platform / Page 3
FBS receives compensation from the fund’s advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers (“Marketing Program”). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF’s prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will
automatically become eligible for margin collateral.
For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock Inc., and its affiliates.
Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX) available to individual retail investors who purchase their shares through a Fidelity brokerage account.
Fidelity, Fidelity Investments, Fidelity Investments and the pyramid logo are registered service marks of FMR LLC. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.
Investing involves risks, including the loss of principal.
Before investing in any mutual fund or exchange-traded product, you should consider its investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular, or, if available, a summary prospectus containing this information. Read it carefully.
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