Effective July 23, 2024, Fidelity Advantage Ether ETF (FETH or ETF) reduced its management fee from 0.40% to 0.39% and also reduced some of the expenses that are charged to the ETF. As a result, the ETF’s management expense ratio (MER) will be lower going forward and is estimated to be 0.44% (inclusive of HST), on an annualized basis. The total expenses of the ETF, including the management fee, HST, portfolio transaction costs and expenses, will be reflected in the ETF’s management report of fund performance, posted semi-annually. FETH’s MER of 0.44% is the estimated prospective fee that investors will pay on a go-forward basis from July 23, 2024. Investors who purchased FETH units prior to July 23, 2024, paid the higher FETH MER of 0.95% (as at March 31, 2024) on those units, but can also expect to pay the same estimated prospective MER of 0.44% on a go-forward basis from July 23, 2024.
An index designed to reflect the performance of ether in U.S. dollars. It uses ether price data from eligible trading platforms and a volume-weighted median price method based on the 5-minute window immediately prior to the 4:00 p.m. (ET) close. The index price is calculated by ordering all individual transactions occurring over this 5-minute time frame on the eligible trading platforms and selecting the price associated with the 50th percentile of total volume. The Fidelity Index Committee reviews the Fidelity Ethereum Index semi-annually for possible updates as a result of the maturation of the digital assets industry. In addition, the Fidelity Index Committee and the Fidelity Digital Asset Services Advisory Committee evaluate semi-annually all U.S. digital asset trading platforms and/or regulated digital asset trading platforms and may change the eligible trading platforms at that time or during market disruptions when a trading platform review is warranted.
Each eligible trading platform used in the calculation of the Fidelity Ethereum Index maintains appropriate know-your-client policies and procedures and complies with anti-money laundering regulations.
Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund or ETF's prospectus, which contains detailed investment information, before investing. The indicated rates of return are historical annual compounded total returns for the period indicated, including changes in unit value and reinvestment distributions, and do not take into account any charges or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.
The charting tool is for illustrative purposes only and it does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.
Fidelity Advantage Ether ETF™ aims to invest in ether. Fidelity Advantage Ether ETF Fund™ invests in Fidelity Advantage Ether ETF™. These funds do not speculate with regards to short-term changes in ether prices. Given the speculative nature of ether and the volatility of the ether market, there is considerable risk that these funds will not be able to meet their investment objectives. An investment in these funds is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in these funds is considered high risk.
Fidelity Advantage Ether ETF™ and Fidelity Advantage Ether ETF Fund™ are trademarks of Fidelity Investments Canada ULC.
Fidelity Ethereum Index: Fidelity Product Services LLC (FPS). Neither FPS nor any other party involved in or related to compiling, computing or creating the Index data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Neither FPS nor any third party involved in or related to the compiling, computing or creating the data shall have any responsibility or liability whatsoever with respect to Fidelity Advantage Ether ETF and ETF Fund. No further distribution or dissemination of the Index data is permitted without FPS’s express written consent.
Please note that investment performance and NAVPU are reported in U.S. dollars. Fund aggregate assets are reported in Canadian dollars.
