Fidelity MSCI Materials Index ETF

Frequently Asked Questions About FMAT

What does FMAT invest in?

The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials 25/50 Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials 25/50 Index. The fund is non-diversified.

What is the expense ratio of FMAT?

Fidelity MSCI Materials Index ETF (FMAT) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FMAT?

Fidelity MSCI Materials Index ETF (FMAT) manages $623.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FMAT actively managed or an index fund?

FMAT is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FMAT's is 0.08%) because there's no security selection cost.

When was FMAT launched?

Fidelity MSCI Materials Index ETF (FMAT) launched in October 2013 and is managed by Fidelity.

How has FMAT performed?

FMAT's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.