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Snapshot:  FMAT

FIDELITY MSCI MATERIALS INDEX ETF

38.01   -0.09 (-0.2362%)

AS OF 4:10:00pm ET 09/30/2022 Quotes delayed at least 15 minutes.
Bid 34.37
Bid Size 2
Ask 41.83
Ask Size 2
Open 38.07
High 38.70
Low 37.96
Previous Close 38.01
Price Performance (Last 52 Wk)
as of 09/30/2022
-14.14%
Median Bid/Ask Spread (30 Day)
as of 09/29/2022
0.07%
Premium / Discount (Previous Day)
as of 09/30/2022
0.12
Premium / Discount (1 Month Rolling Average)
as of 09/29/2022
0.00%
Volume
Volume (90-Day Average)
Tracking Error 10.44
Detailed Quote

ETP Type

ETF

Net Assets
AS OF 08/31/2022

$437.8M

Net Expense Ratio

0.08%

Sponsor

Fidelity Management & Research Company LLC

Inception Date

10/21/2013

Investment Philosophy

Passively Managed

Benchmark Index

MSCI USA IMI/MATERIALS 25-50 NR USD

Legal Structure

Open Ended Investment Company

Objective

Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. Using a representative sampling indexing strategy to manage the fund. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Materials Index.

Learn More

Commentary

There is currently no commentary available for this symbol.

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
FactSet 09/29/2022 -- Not Rated FactSet PDF Report
Morningstar, Inc.** 02/28/2022 Downgrade 3 out of 53 out of 53 out of 53 out of 53 out of 5
Overall - 106 funds rated
Rating Information
--

Key Statistics

Compare

FMAT
FIDELITY MSCI MATERIALS INDEX ETF
Asset Class Median
Volume (10-Day Avg)
AS OF 09/29/2022
76.5K 23.1M
1 Month Market Total Return
AS OF 09/29/2022
-11.91 -10.55%
1 Year Market Total Return
AS OF 08/31/2022
-9.36 -15.64%
3 Year Annualized Market Total Return
AS OF 08/31/2022
+12.89 +8.48%
Beta (1 Year Month-End)
AS OF 09/29/2022
1.25% 1.07
Annual Turnover Ratio
AS OF 07/31/2022
4.00% 25.00%
Net Expense Ratio
AS OF 11/29/2021
0.08% 0.53%

Performance

Growth of Hypothetical $10,000 * AS OF 08/31/2022

Prior to December 1, 2020, the fund compared its performance to a different benchmark. The fund's historical performance may not represent its current investment policies and the fund's returns prior to December 1, 2020 may not match the historical returns of the new benchmark.
Quarter-End Average Annual Total Returns AS OF 06/30/2022
NAV Return Market Return
1 Year -9.57 -9.62
3 Year +9.86 +9.87
5 Year +7.67 +7.65
10 Year -- --
Life +7.77 +7.76
Life as of NAV inception date: 10/21/2013   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Gross Expense Ratio: 0.084%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Holdings AS OF 08/31/2022

127 (Long: 127 | Short: --)
View All
Top 10 (46.52% of total holdings)
LIN Linde PLC 12.82%
SHW Sherwin-Williams Co 5.08%
APD Air Products & Chemicals Inc 4.95%
CTVA Corteva Inc 3.95%
FCX Freeport-McMoRan Inc 3.81%
ECL Ecolab Inc 3.74%
DOW Dow Inc 3.32%
NUE Nucor Corp 3.16%
NEM Newmont Corp 2.92%
ALB Albemarle Corp 2.77%
More about Portfolio Composition

ETFs are subject to management fees as well as other expenses including brokerage commissions. Please contact your investment professional for more information on applicable brokerage fees. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and may only be redeemed directly with the fund by Authorized Participants in creation units.

Important Additional Risk Information: Fidelity Active Equity ETFs
The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com. Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.

* A hypothetical $10,000 investment made in the fund ten years ago, or on commencement of operations for funds lacking a ten-year track record. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Basket holdings, asset allocation, market sectors, industry exposure, and geographical diversification are as of the date indicated and may not be representative of the fund's current or future investments.

© 2014 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, or, if available, a summary prospectus containing this information. Read it carefully.


 
 

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