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Critical Facts You Need to Know About Preferred Stocks
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Fidelity Magellan ETF
Active ETF
FMAG
Payout Change
Pending
Price as of:
$31.53
+0.16
+0.51%
primary theme
N/A
FMAG (ETF)
Fidelity Magellan ETF
Payout Change
Pending
Price as of:
$31.53
+0.16
+0.51%
primary theme
N/A
FMAG (ETF)
Fidelity Magellan ETF
Payout Change
Pending
Price as of:
$31.53
+0.16
+0.51%
primary theme
N/A
Name
As of 11/21/2024Price
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
Vitals
YTD Return
30.9%
1 yr return
35.8%
3 Yr Avg Return
7.9%
5 Yr Avg Return
N/A
Net Assets
$75.4 M
Holdings in Top 10
38.3%
52 WEEK LOW AND HIGH
$31.4
$22.95
$32.16
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 11/21/2024Price
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
FMAG - Profile
Distributions
- YTD Total Return 30.9%
- 3 Yr Annualized Total Return 7.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Magellan ETF
-
Fund Family NameFidelity Group of Funds
-
Inception DateFeb 04, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSammy 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 | 30.9% | -44.2% | 26.6% | 95.11% |
| 1 Yr | 35.8% | -98.5% | 150.0% | 16.56% |
| 3 Yr | 7.9%* | -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 | 30.9% | -44.2% | 26.6% | 94.72% |
| 1 Yr | 35.8% | -98.5% | 150.0% | 17.72% |
| 3 Yr | 7.9%* | -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 | 57 | 2 | 3509 | 53.65% |
| Net Assets in Top 10 | 44.6 M | -1.37 M | 104 B | 91.02% |
| Weighting of Top 10 | 38.26% | 9.4% | 100.0% | 83.74% |
Top 10 Holdings
- MICROSOFT CORP 7.87%
- NVIDIA CORP 7.28%
- AMAZON.COM INC 4.74%
- META PLATFORMS INC CL A 3.43%
- ALPHABET INC CL A 3.34%
- BROADCOM INC 2.72%
- ELI LILLY and CO 2.43%
- UNITEDHEALTH GROUP INC 2.37%
- VISA INC CL A 2.06%
- MASTERCARD INC CL A 2.01%
Asset Allocation
| Weighting | Return Low | Return High | FMAG % Rank | |
|---|---|---|---|---|
| Stocks | 98.83% | 0.00% | 107.71% | 59.71% |
| Cash | 1.17% | -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 | 97.65% | 0.00% | 105.43% | 40.75% |
| Non US | 1.17% | 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 | 0.15% | 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
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.012 | OrdinaryDividend |
| Jun 21, 2024 | $0.007 | OrdinaryDividend |
| Mar 15, 2024 | $0.005 | OrdinaryDividend |
| Dec 28, 2023 | $0.010 | OrdinaryDividend |
| Dec 15, 2023 | $0.027 | OrdinaryDividend |
| Sep 15, 2023 | $0.012 | OrdinaryDividend |
| Jun 16, 2023 | $0.011 | OrdinaryDividend |
| Mar 17, 2023 | $0.023 | OrdinaryDividend |
| Dec 16, 2022 | $0.018 | OrdinaryDividend |
| Sep 16, 2022 | $0.013 | OrdinaryDividend |
| Jun 17, 2022 | $0.011 | OrdinaryDividend |
| Mar 18, 2022 | $0.001 | OrdinaryDividend |
| Dec 17, 2021 | $0.002 | OrdinaryDividend |
| Sep 17, 2021 | $0.001 | OrdinaryDividend |
| Jun 18, 2021 | $0.001 | OrdinaryDividend |
| Mar 19, 2021 | $0.004 | OrdinaryDividend |
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 |
