Key stats
About Fidelity Magellan ETF
Expense ratio
0.59%
Home page
Inception date
Feb 2, 2021
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 analysisexamining factors such as an issuers financials and industry positionand looks at the overall market condition. Fidelity only discloses FMAGs 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 funds holdings from recent disclosure, other liquid ETFs, cash, and cash equivalents. This structure is designed to track FMAGs 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Producer Manufacturing
Stocks100.00%
Technology Services25.57%
Electronic Technology18.72%
Producer Manufacturing10.01%
Retail Trade9.94%
Health Technology7.47%
Commercial Services7.06%
Finance5.12%
Consumer Services3.90%
Health Services3.37%
Process Industries2.79%
Non-Energy Minerals2.43%
Transportation2.35%
Industrial Services1.27%
Bonds, Cash & Other0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history