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About Fidelity MSCI Materials Index ETF
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Inception date
Oct 21, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
FMR Co., Inc.
Distributor
Fidelity Distributors Corp.
ISIN
US3160928814
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
Stocks99.77%
Process Industries62.42%
Non-Energy Minerals34.56%
Consumer Non-Durables1.99%
Energy Minerals0.46%
Electronic Technology0.18%
Industrial Services0.14%
Producer Manufacturing0.02%
Bonds, Cash & Other0.23%
Mutual fund0.20%
Cash0.03%
Stock breakdown by region
North America79.36%
Europe20.64%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMAT invests in stocks. The fund's major sectors are Process Industries, with 62.42% stocks, and Non-Energy Minerals, with 34.56% of the basket. The assets are mostly located in the North America region.
FMAT top holdings are Linde plc and Newmont Corporation, occupying 16.40% and 6.54% of the portfolio correspondingly.
FMAT last dividends amounted to 0.22 USD. The quarter before, the issuer paid 0.22 USD in dividends, which shows a 3.70% decrease.
FMAT assets under management is 430.99 M USD. It's fallen 2.33% over the last month.
FMAT fund flows account for −103.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMAT pays dividends to its holders with the dividend yield of 1.64%. The last dividend (Sep 23, 2025) amounted to 0.22 USD. The dividends are paid quarterly.
FMAT shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Oct 21, 2013, and its management style is Passive.
FMAT expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
FMAT follows the MSCI USA IMI Materials 25/50 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMAT invests in stocks.
FMAT price has risen by 0.31% over the last month, and its yearly performance shows a 0.06% increase. See more dynamics on FMAT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.72% over the last month, have fallen by −0.72% over the last month, showed a 7.31% increase in three-month performance and has increased by 1.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.72% over the last month, have fallen by −0.72% over the last month, showed a 7.31% increase in three-month performance and has increased by 1.54% in a year.
FMAT trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.