ATLASFidelity MSCI Materials Index ETF (FMAT): outlook, holdings and fees
Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.08% and the yield is 1.46%. The ten largest holdings are 59% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FMAT
| Last price | $59.75 (+2.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $58.55 – $61.58 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 1.46% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FMAT fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | Materials & mining |
| Assets under management | $574M |
| Expense ratio | 0.08% |
| Number of holdings | 49 |
| Portfolio turnover | 4% |
| Inception | Oct 21, 2013 |
| Exchange | NYSE |
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials 25/50 Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials 25/50 Index. The fund is non-diversified.
FMAT top holdings
| Holding | Sector | Weight |
|---|---|---|
| Linde plc Ordinary Shares LIN | Basic Materials | 15.74% |
| Newmont Goldcorp Corp NEM | Basic Materials | 8.67% |
| Freeport-McMoran Copper & Gold Inc FCX | Basic Materials | 7.82% |
| Sherwin-Williams Co SHW | Basic Materials | 5.37% |
| Ecolab Inc ECL | Basic Materials | 5.17% |
| Air Products and Chemicals Inc APD | Basic Materials | 4.41% |
| Nucor Corp NUE | Basic Materials | 3.98% |
| CRH PLC CRH | Basic Materials | 3.65% |
| Steel Dynamics Inc STLD | Basic Materials | 2.29% |
| Vulcan Materials Company VMC | Basic Materials | 2.18% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FMAT sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 89.5% |
| Consumer Cyclicals | 9.4% |
| Industrials | 0.6% |
| Healthcare | 0.6% |
By region: North America 95.7%, Europe Developed 2.9%, United Kingdom 1.4%.
FMAT returns and risk
| Year to date | +8.0% |
|---|---|
| 1 year | +13.0% |
| 3 years (annualised) | +10.9% |
| 5 years (annualised) | +6.4% |
| 10 years (annualised) | +9.5% |
| Volatility (3 years) | 16.8% |
| Sharpe ratio (3 years) | 0.35 |
Past returns do not guarantee future results.
FMAT: frequently asked questions
What does FMAT invest in?
Fidelity MSCI Materials Index ETF invests in a portfolio of securities. Its largest holdings are Linde plc Ordinary Shares (15.7%), Newmont Goldcorp Corp (8.7%), Freeport-McMoran Copper & Gold Inc (7.8%), Sherwin-Williams Co (5.4%), Ecolab Inc (5.2%).
What is the FMAT expense ratio?
0.08% a year: about $8.00 for every $10,000 invested.
What is the FMAT dividend yield?
1.46%. ATLAS does not hold the exact distribution dates for ETFs.
Will FMAT go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $58.55 to $61.58 from $59.75 today. It is a probability, not a prediction.
How has FMAT performed?
Year to date +8.0%, one year +13.0%, three years +10.9% a year, five years +6.4% a year. Past returns do not guarantee future results.
Similar ETFs: Materials & mining
- State Street Materials Select Sector SPDR ETF (XLB)
- SPDR S&P Metals & Mining ETF (XME)
- Vanguard Materials Index Fund ETF Shares (VAW)
- abrdn Physical Precious Metals Basket Shares ETF (GLTR)
- iShares MSCI Global Metals & Mining Producers ETF (PICK)
- VanEck Rare Earth and Strategic Metals ETF (REMX)
- iShares U.S. Basic Materials ETF (IYM)
- Sprott Critical Materials ETF (SETM)
Educational information, not investment advice. Disclaimer