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About Fidelity Magellan ETF
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Inception date
Feb 2, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
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
Retail Trade
Finance
Stocks100.00%
Technology Services29.34%
Electronic Technology18.50%
Retail Trade13.38%
Finance12.75%
Producer Manufacturing6.66%
Health Technology4.50%
Consumer Services4.22%
Process Industries3.06%
Industrial Services3.02%
Non-Energy Minerals3.02%
Commercial Services1.45%
Health Services0.11%
Bonds, Cash & Other0.00%
Stock breakdown by region
North America91.56%
Europe7.00%
Latin America1.44%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMAG invests in stocks. The fund's major sectors are Technology Services, with 29.34% stocks, and Electronic Technology, with 18.50% of the basket. The assets are mostly located in the North America region.
FMAG top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 7.92% and 6.84% of the portfolio correspondingly.
FMAG last dividends amounted to 0.02 USD. The quarter before, the issuer paid 0.01 USD in dividends, which shows a 42.86% increase.
FMAG assets under management is 240.91 M USD. It's risen 5.50% over the last month.
FMAG fund flows account for 112.82 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMAG pays dividends to its holders with the dividend yield of 0.10%. The last dividend (Dec 24, 2024) amounted to 0.02 USD. The dividends are paid quarterly.
FMAG shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Feb 2, 2021, and its management style is Active.
FMAG expense ratio is 0.59% meaning you'd have to pay 0.59% of your investment to help manage the fund.
FMAG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMAG invests in stocks.
FMAG price has risen by 0.65% over the last month, and its yearly performance shows a 7.78% increase. See more dynamics on FMAG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.65% over the last month, have fallen by −0.65% over the last month, showed a 9.78% increase in three-month performance and has increased by 8.50% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.65% over the last month, have fallen by −0.65% over the last month, showed a 9.78% increase in three-month performance and has increased by 8.50% in a year.
FMAG trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.