Key stats
About Fidelity Metaverse ETF
Home page
Inception date
Apr 19, 2022
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.
FMET holds stocks and depositary receipts of globally listed companies that develop, manufacture, distribute, or sell products related to the metaverse. Eligible companies must derive at least 50% of their revenue from (i) computing hardware, (ii) digital infrastructure, (iii) design & engineering software, (iv) gaming technology & software, (v) web development & content services, and (vi) smart phone & wearable technology. The index uses quality screens based on trailing or next 12-month revenues, operating cash flow, sales growth, and analyst coverage to filter out companies that pose significant risks. Then securities are ranked for thematic relevance, which is a composite of total significant revenue, percent of significant revenue, and a natural language processing (NLP) score. Approximately 50 stocks are selected and the portfolio is weighted according to market capitalization, subject to liquidity constraints and a 4.5% single weight capping. The index is rebalanced quarterly.
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
Stocks99.03%
Technology Services59.32%
Electronic Technology32.08%
Finance6.16%
Consumer Services0.79%
Consumer Durables0.41%
Bonds, Cash & Other0.97%
Securitized0.65%
Mutual fund0.58%
Futures0.01%
Cash−0.28%
Stock breakdown by region
North America75.40%
Asia19.72%
Europe4.46%
Middle East0.41%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMET invests in stocks. The fund's major sectors are Technology Services, with 59.48% stocks, and Electronic Technology, with 32.17% of the basket. The assets are mostly located in the North America region.
FMET top holdings are Advanced Micro Devices, Inc. and NVIDIA Corporation, occupying 4.91% and 4.66% of the portfolio correspondingly.
FMET last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 92.21% decrease.
FMET assets under management is 42.27 M USD. It's risen 27.25% over the last month.
FMET fund flows account for 5.21 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, FMET pays dividends to its holders with the dividend yield of 0.86%. The last dividend (Jun 24, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
FMET shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Apr 19, 2022, and its management style is Passive.
FMET expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
FMET follows the Fidelity Metaverse Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMET invests in stocks.
FMET price has risen by 6.31% over the last month, and its yearly performance shows a 9.35% increase. See more dynamics on FMET price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.10% over the last month, showed a 28.43% increase in three-month performance and has increased by 12.85% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.10% over the last month, showed a 28.43% increase in three-month performance and has increased by 12.85% in a year.
FMET trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.