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Trending ETFs

Fidelity Magellan ETF

Active ETF
FMAG
Payout Change
Pending
Price as of:
$28.06 +0.08 +0.29%
primary theme
N/A
FMAG (ETF)

Fidelity Magellan ETF

Payout Change
Pending
Price as of:
$28.06 +0.08 +0.29%
primary theme
N/A
FMAG (ETF)

Fidelity Magellan ETF

Payout Change
Pending
Price as of:
$28.06 +0.08 +0.29%
primary theme
N/A

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Magellan ETF

FMAG | Active ETF

$28.06

$75.4 M

0.14%

$0.04

0.59%

Vitals

YTD Return

16.4%

1 yr return

45.5%

3 Yr Avg Return

12.4%

5 Yr Avg Return

N/A

Net Assets

$75.4 M

Holdings in Top 10

36.7%

52 WEEK LOW AND HIGH

$28.0
$19.62
$28.23

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Magellan ETF

FMAG | Active ETF

$28.06

$75.4 M

0.14%

$0.04

0.59%

FMAG - Profile

Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 12.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Magellan ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 04, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sammy Simnegar

Fund Description

The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a "Tracking Basket," which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The Tracking Basket is comprised of: (1) select recently disclosed portfolio holdings and/or select securities from the universe from which the fund's investments are selected (Strategy Components); (2) liquid ETFs that convey information about the types of instruments (that are not otherwise fully represented by the Strategy Components) in which the fund invests (Representative ETFs); and (3) cash and cash equivalents. For additional information regarding the Tracking Basket, see "Additional Information about each Fund - Tracking Basket Structure" in the prospectus.The fund also publishes each business day on its website the "Tracking Basket Weight Overlap," which is the percentage weight overlap between the holdings of the prior business day's Tracking Basket compared to the holdings of the fund that formed the basis for the fund's calculation of net asset value per share (NAV) at the end of the prior business day. The Tracking Basket Weight Overlap is designed to provide investors with an understanding of how similar the Tracking Basket is to the fund's actual portfolio in percentage terms.Normally investing primarily in equity securities.Investing in either "growth" stocks or "value" stocks or both.Investing in domestic and foreign issuers.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
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FMAG - Performance

Return Ranking - Trailing

Period FMAG Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -44.2% 26.6% 95.11%
1 Yr 45.5% -98.5% 150.0% 16.56%
3 Yr 12.4%* -74.2% 26.3% N/A
5 Yr N/A* -61.2% 23.2% N/A
10 Yr N/A* -35.6% 18.2% N/A

* Annualized

Return Ranking - Calendar

Period FMAG Return Category Return Low Category Return High Rank in Category (%)
2023 30.8% -98.8% 81.6% N/A
2022 -27.1% -39.5% 48.7% N/A
2021 N/A -13.0% 34.8% N/A
2020 N/A -27.1% 10.6% N/A
2019 N/A -15.9% 33.2% N/A

Total Return Ranking - Trailing

Period FMAG Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -44.2% 26.6% 94.72%
1 Yr 45.5% -98.5% 150.0% 17.72%
3 Yr 12.4%* -74.2% 32.9% N/A
5 Yr N/A* -61.2% 22.9% N/A
10 Yr N/A* -35.6% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FMAG Return Category Return Low Category Return High Rank in Category (%)
2023 31.3% -98.8% 81.6% N/A
2022 -26.9% -39.5% 48.7% N/A
2021 N/A -13.0% 34.8% N/A
2020 N/A -16.8% 10.6% N/A
2019 N/A -15.9% 35.6% N/A

FMAG - Holdings

Concentration Analysis

FMAG Category Low Category High FMAG % Rank
Net Assets 75.4 M 189 K 222 B 89.43%
Number of Holdings 60 2 3509 53.65%
Net Assets in Top 10 16.9 M -1.37 M 104 B 91.02%
Weighting of Top 10 36.71% 9.4% 100.0% 83.74%

Top 10 Holdings

  1. MICROSOFT CORP 8.92%
  2. AMAZON.COM INC 4.76%
  3. NVIDIA CORP 4.21%
  4. ALPHABET INC CL A 3.47%
  5. META PLATFORMS INC CL A 3.36%
  6. UNITEDHEALTH GROUP INC 2.96%
  7. VISA INC CL A 2.43%
  8. ELI LILLY and CO 2.37%
  9. MASTERCARD INC CL A 2.14%
  10. BROADCOM INC 2.08%

Asset Allocation

Weighting Return Low Return High FMAG % Rank
Stocks
99.25% 0.00% 107.71% 59.71%
Cash
0.75% -10.83% 87.35% 36.99%
Preferred Stocks
0.00% 0.00% 4.41% 60.02%
Other
0.00% -2.66% 17.15% 61.55%
Convertible Bonds
0.00% 0.00% 1.94% 57.56%
Bonds
0.00% -1.84% 98.58% 56.95%

Stock Sector Breakdown

Weighting Return Low Return High FMAG % Rank
Utilities
0.00% 0.00% 16.07% 10.91%
Technology
0.00% 0.00% 69.82% 45.24%
Real Estate
0.00% 0.00% 29.57% 3.23%
Industrials
0.00% 0.00% 30.65% 23.35%
Healthcare
0.00% 0.00% 39.76% 42.09%
Financial Services
0.00% 0.00% 43.06% 18.05%
Energy
0.00% 0.00% 41.09% 80.34%
Communication Services
0.00% 0.00% 66.40% 86.02%
Consumer Defense
0.00% 0.00% 25.50% 53.53%
Consumer Cyclical
0.00% 0.00% 62.57% 94.55%
Basic Materials
0.00% 0.00% 22.00% 13.75%

Stock Geographic Breakdown

Weighting Return Low Return High FMAG % Rank
US
99.25% 0.00% 105.43% 40.75%
Non US
0.00% 0.00% 54.22% 64.85%

FMAG - Expenses

Operational Fees

FMAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.01% 7.09% 82.37%
Management Fee 0.59% 0.00% 1.50% 40.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FMAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FMAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 316.74% 61.19%

FMAG - Distributions

Dividend Yield Analysis

FMAG Category Low Category High FMAG % Rank
Dividend Yield 0.14% 0.00% 19.33% 14.79%

Dividend Distribution Analysis

FMAG Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

FMAG Category Low Category High FMAG % Rank
Net Income Ratio N/A -6.13% 2.90% 25.52%

Capital Gain Distribution Analysis

FMAG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FMAG - Fund Manager Analysis

Managers

Sammy Simnegar


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Sammy Simnegar is a portfolio manager in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

Timothy Gannon


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Tim Gannon is a quantitative analyst in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Gannon is responsible for building stock selection models, providing portfolio construction guidance, and researching investment strategies.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.09 2.92