[00:02] will now come with a $100 service fee every time you buy one of these funds. So, the list of affected funds expanded from 27 ETFs to more than 120. I'll put a full list in the description, but it means that if you buy a thousand dollars
[00:15] worth of one of these ETFs, you will instantly lose 10% of your investment this is happening because in March, Fidelity sent a notice to these ETF issuers that they would have to pay them a fee in order to have their funds
[00:28] supported on Fidelity. The issuers that have refused have some of their ETFs because they don't pay Fidelity, Fidelity is passing those costs on to these ETFs are probably the ones by Roundhill. They have 40 affected funds
[00:42] including QDTE, one of the most infamous covered call funds. But, your favorite covered call funds. But, your favorite ETFs like VTI, QQQ, VOO, SCHD, or any big index funds or ETFs that track the market index, these are not affected.
[00:55] probably worth checking if these ETFs are going to affect you, but if you invest on other brokerages like Schwab, Robinhood, and Vanguard, there are no Robinhood, and Vanguard, there are no $100 fees for these ETFs.