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
Primary advisor
FMR Co., Inc.
Distributor
Fidelity Distributors Corp.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Process Industries
Non-Energy Minerals
Stocks99.95%
Process Industries65.57%
Non-Energy Minerals30.63%
Consumer Non-Durables2.38%
Producer Manufacturing0.70%
Energy Minerals0.40%
Electronic Technology0.15%
Industrial Services0.10%
Health Services0.03%
Bonds, Cash & Other0.05%
Mutual fund0.04%
Cash0.00%
Stock breakdown by region
North America78.97%
Europe21.03%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history