FMAGFidelity Magellan ETF
FMAG Fund Description
FMAG is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally.
FMAG Factset Analytics Insight
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.
FMAG MSCI ESG Analytics Insight
Fidelity Magellan ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.45 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity Magellan ETF ranks in the 33th percentile within its peer group and in the 19th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FMAG Summary Data
FMAG Portfolio Data
FMAG Index Data
FMAG Portfolio Management
FMAG Tax Exposures
FMAG Fund Structure
FMAG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FMAG. FMAG is rated a N/A out of 5.
FMAG Top 10 Holdings[View All]
FMAG Economic Development
FMAG Performance Statistics
FMAG MSCI ESG Ratings
FMAG Benchmark Comparison Summary
FMAG Benchmark Comparison Market Cap Size