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About Fidelity Magellan ETF
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Inception date
Feb 2, 2021
Structure
Open-Ended Fund
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
Stocks100.00%
Technology Services29.49%
Electronic Technology20.65%
Retail Trade13.10%
Finance9.86%
Producer Manufacturing6.83%
Health Technology4.34%
Consumer Services4.23%
Process Industries3.17%
Commercial Services3.12%
Industrial Services2.66%
Non-Energy Minerals2.54%
Bonds, Cash & Other0.00%
Stock breakdown by region
North America92.76%
Europe6.04%
Latin America1.21%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history