Symbols

FMAT

Fidelity MSCI Materials Index ETF·ARCA

--(--)

Key Stats

Assets Under Management

548.01MUSD

Fund Flow (1Y)

29.88MUSD

Dividend Yield

1.77%

Discount / Premium to NAV

0.07%

Shares Outstanding

9.40M

Expense Ratio

0.08%

About Fidelity MSCI Materials Index ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://screener.fidelity.com/ftgw/etf/snapshot/snapshot.jhtml?symbols=FMAT

Inception Date

Oct 21, 2013

Structure

Open-Ended Fund

Index Tracked

MSCI USA IMI Materials 25/50 Index

Management Style

Passive

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.

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 fund's 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.