FMAG Fidelity Magellan ETF

*Unless otherwise stated, data provided by FactSet.

FMAG Fund Description

FMAG is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model.

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.

PERFORMANCE [as of 09/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMAG -12.50% -3.97% -28.54% -23.97% -- -- --
FMAG (NAV) -12.51% -4.12% -28.60% -23.99% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI ACWI + Frontier Markets IMI Index -10.37% -4.33% -23.89% -21.60% 4.22% 4.70% 7.33%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FMAG Summary Data

Fidelity
02/02/21
Open-Ended Fund
0.59%
$41.45M
$232.96K
0.12%

FMAG Portfolio Data

--
--
--
0.08%
N/A
--

FMAG Index Data

No Underlying Index
Proprietary
Proprietary
MSCI ACWI + Frontier Markets IMI Index

FMAG Portfolio Management

0.59%
--
--
--

FMAG Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FMAG Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
High
Monthly

FMAG Factset Analytics Block Liquidity

As of 09/26/22
5
4
3
2
1

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 Tradability

11,611
$232.96K
9,864
$195.87K
0.12%
$0.02
0.01%
2.01% / -2.05%
None
100.00%
--
--
--
--
0
$18.04
N/A

FMAG Sector/Industry Breakdown


FMAG
Segment Benchmark
27.39%
--
17.35%
--
11.53%
--
11.22%
--
10.98%
--
5.30%
--
4.42%
--
3.47%
--
2.95%
--
2.21%
--

FMAG Countries


FMAG
Segment Benchmark
--
2.05%
--
3.14%
--
0.67%
--
3.32%
--
1.65%
--
0.54%
--
1.35%
--
0.48%
--
2.39%
--
1.70%

FMAG Regions


FMAG
Segment Benchmark
--
15.56%
--
17.71%
--
1.56%
--
0.90%
--
64.22%

FMAG Economic Development


FMAG
Segment Benchmark
0.00%
92.91%
0.00%
7.04%

FMAG Performance Statistics

0.80
1.32
1.24
1.31
0.85%
MSCI ACWI + Frontier Markets IMI Index

FMAG Benchmark Comparison Holdings

--
--
0
0.00%

FMAG Benchmark Comparison Summary


FMAG
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
Medium
--

FMAG Benchmark Comparison Market Cap Size


FMAG
Segment Benchmark
--
--
--
--
--
--
--
--