Key stats
About Fidelity MSCI Materials Index ETF
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Inception date
Oct 21, 2013
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
FMAT is one of ten Fidelity ETFs that track MSCI sector indexes. The fund targets the US basic materials sector as defined by the GICS sector classification scheme. To meet diversification requirements, the funds underlying index employs a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. The fund is both broad and representative, carrying only a few minor definitional differences from our benchmark. Prior to December 1, 2020, FMAT tracked the unconstrained MSCI USA IMI Materials index.
Classification
What's in the fund
Exposure type
Process Industries
Non-Energy Minerals
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.