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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 38.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

8.16 8.3 Mil
Technology

NVIDIA Corp

7.47 7.6 Mil
Technology

Amazon.com Inc

4.61 4.7 Mil
Consumer Cyclical

Meta Platforms Inc Class A

3.60 3.7 Mil
Communication Services

Alphabet Inc Class A

3.56 3.6 Mil
Communication Services

Eli Lilly and Co

2.60 2.7 Mil
Healthcare

Broadcom Inc

2.36 2.4 Mil
Technology

UnitedHealth Group Inc

2.14 2.2 Mil
Healthcare

Visa Inc Class A

2.08 2.1 Mil
Financial Services

Costco Wholesale Corp

1.97 2.0 Mil
Consumer Defensive