Morningstar

Fidelity Magellan ETF FMAG

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FMAG

Will FMAG outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMAG’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMAG management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMAG’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fidelity Magellan ETF’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMAG

More FMAG Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

7.71 9.3 Mil
Technology

NVIDIA Corp

7.24 8.7 Mil
Technology

Amazon.com Inc

4.45 5.3 Mil
Consumer Cyclical

Meta Platforms Inc Class A

3.64 4.4 Mil
Communication Services

Alphabet Inc Class A

3.13 3.8 Mil
Communication Services

Eli Lilly and Co

2.85 3.4 Mil
Healthcare

Broadcom Inc

2.71 3.3 Mil
Technology

UnitedHealth Group Inc

2.39 2.9 Mil
Healthcare

Visa Inc Class A

2.11 2.5 Mil
Financial Services

Mastercard Inc Class A

2.06 2.5 Mil
Financial Services

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