FMATFidelity MSCI Materials Index ETF
FMAT Fund Description
FMAT tracks a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum.
FMAT Factset Analytics Insight
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.
FMAT MSCI ESG Analytics Insight
Fidelity MSCI Materials Index ETF has an MSCI ESG Fund Rating of AA based on a score of 7.69 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 MSCI Materials Index ETF ranks in the 89th percentile within its peer group and in the 66th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FMAT MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FMAT Summary Data
FMAT Portfolio Data
FMAT Index Data
FMAT Portfolio Management
FMAT Tax Exposures
FMAT Fund Structure
FMAT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FMAT. FMAT is rated a 5 out of 5.
FMAT Sector/Industry Breakdown
FMAT Top 10 Holdings[View All]
FMAT Economic Development
FMAT Performance Statistics
FMAT MSCI ESG Ratings
FMAT Benchmark Comparison Summary
FMAT Benchmark Comparison Market Cap Size