FMAG
Fidelity Magellan ETF·CBOE
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Key Stats
Assets Under Management
251.89MUSD
Fund Flows (1Y)
42.10MUSD
Dividend Yield
0.15%
Discount/Premium to NAV
-0.05%
Shares Outstanding
7.50M
Expense Ratio
0.59%
About Fidelity Magellan ETF
Issuer
Fidelity Management & Research Company LLC
Brand
Fidelity
Inception Date
Feb 2, 2021
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
FMAG offers the same strategy used for the Fidelity Magellan mutual fund (FMAGX) in an ETF wrapper. FMAG delivers a portfolio of global companies of any capitalization, with growth and/or value traits. To screen for firms, the fund adviser uses fundamental analysis—examining factors such as an issuer's financials and industry position—and looks at the overall market condition. Fidelity only discloses FMAG's full holdings on a monthly basis, with a 30-day lag. A 'tracking basket' is published daily on its website, in place of the actual portfolio. This includes some of the fund's holdings from recent disclosure, other liquid ETFs, cash, and cash equivalents. This structure is designed to track FMAG's daily performance, facilitate arbitrage opportunities, and mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
Global
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -3.27% | -2.86% | -1.86% | +3.31% | +70.02% | +65.26% |
NAV Total Return | -5.64% | -3.83% | -4.02% | +0.63% | +66.54% | +63.20% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
38.22%
Financial Services
15.30%
Industrials
14.37%
Consumer Cyclical
12.67%
Communication Services
6.12%
Healthcare
4.93%
Basic Materials
4.18%
Consumer Defensive
1.70%
Utilities
1.34%
Technology
38.22%
Financial Services
15.30%
Industrials
14.37%
Consumer Cyclical
12.67%
Communication Services
6.12%
Healthcare
4.93%
Basic Materials
4.18%
Consumer Defensive
1.70%
Utilities
1.34%
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Asset
Region
96.97%
1.87%
1.16%
Category
Ratio
North America
96.97%
Asia
1.87%
Latin America
1.16%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
NVDA
Nvidia
10.47%
MSFT
Microsoft
8.63%
AMZN
Amazon.com
5.98%
AVGO
Broadcom
5.01%
META
Meta
4.33%
V
Visa
2.31%
GE
GE Aerospace
2.09%
MA
Mastercard
2.06%
SNPS
Synopsys
1.96%
Taiwan Semiconductor Manufacturing Co Ltd ADR
1.94%
Top 10 Weight 44.78%
52 Total Holdings
Is SPY better than FMAG?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-19 | 2025-09-19 | 2025-09-23 | 0.030 |
| 2024-12-20 | 2024-12-20 | 2024-12-24 | 0.021 |
| 2024-09-20 | 2024-09-20 | 2024-09-24 | 0.012 |
| 2024-06-21 | 2024-06-21 | 2024-06-25 | 0.007 |
| 2024-03-15 | 2024-03-18 | 2024-03-20 | 0.005 |
| 2023-12-15 | 2023-12-18 | 2023-12-20 | 0.027 |
| 2023-09-15 | 2023-09-18 | 2023-09-20 | 0.012 |
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How Much Does FMAG Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy FMAG?
Fund Flows
