Fidelity MSCI Materials Index ETF
FMAT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 24, 2013
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that seeks to provide investment results corresponding to the total return performance, before fees and expenses, of the MSCI USA IMI Materials 25/50 Index, a market-cap-weighted index designed to measure the equity market performance of U.S. companies engaged in the materials sector across the entire market capitalization spectrum. The fund invests at least 80% of its assets in securities included in the underlying index, which comprises companies involved in the production of chemical products, construction materials, containers and packaging, metals and mining, paper and forest products, and diversified materials businesses; top holdings include Linde plc (industrial gases), Sherwin-Williams (specialty chemicals), Newmont (gold mining), CRH plc (construction materials), Ecolab (specialty chemicals), Air Products and Chemicals (industrial gases), and Freeport-McMoRan (copper mining), representing approximately 57% of assets under management. FMAT offers investors broad exposure to the U.S. materials industry, with approximately 102 holdings spanning sub-industries such as specialty chemicals (23%), industrial gases (22%), construction materials (11%), and metals like gold, copper, steel, and aluminum; it targets institutional and retail investors seeking sector-specific equity exposure and provides quarterly dividend distributions. Launched on October 21, 2013, and domiciled in the United States, FMAT trades on NYSE Arca and is issued by Fidelity Covington Trust, a series of which is managed by Fidelity Management & Research Company LLC with co-management by BlackRock Fund Advisors. The fund is headquartered in Boston, Massachusetts, aligning with Fidelity Investments' primary operations. Geographically, FMAT focuses exclusively on U.S.-listed equities, though underlying holdings include companies with global operations such as Linde plc and CRH plc. As of late 2025, FMAT maintains approximately $430 million in assets under management with a net expense ratio of 0.08%, a dividend yield of 1.65%, and a portfolio beta of 1.05 relative to broader U.S. equities. No major acquisitions, partnerships, funding rounds, or structural changes specific to FMAT have occurred in the last 1-2 years; the fund continues to operate steadily as a passive index tracker amid ongoing Fidelity Investments' broader initiatives in ETF offerings, including sector-focused products and occasional fund mergers unrelated to FMAT. Recent portfolio adjustments reflect standard rebalancing to track the MSCI index, with no new product launches or strategic shifts reported for the ETF itself.