FMAT: FIDELITY MSCI MATERIALS INDEX ETF
What this ETF is trying to do
The Fidelity MSCI Materials Index ETF (FMAT) is designed to track the performance of companies in the materials sector. This means it invests in businesses that provide the raw materials used to make many different products. Some of its top holdings include Linde PLC, Newmont Corp, and Freeport-McMoRan Inc. Because this list is only a partial view, there are other companies in the fund as well.
What the numbers show
As of October 9, 2026, the current price of one share of FMAT is $56.62. An estimated price from roughly one year ago was about $51.92.
When looking at how this ETF has performed, it is important to understand two different numbers: price return and total return. Price return only shows how much the share price changed. Total return includes those price changes plus any cash distributions paid to investors.
• Year-to-Date (YTD): The price return is about 6.61%, while the total return is about 7.76%.
• One Year: The price return was approximately 9.05%, and the total return was approximately 10.67%.
• Three Years: The price return was about 29.45%, and the total return was about 35.86%.
• Five Years: The five-year total return was approximately 36.23%.
Income and distribution explanation
FMAT provides cash distributions to investors, which is often called "income." The distribution yield for this ETF is 1.45%. Over the last year, the trailing distributions were $0.821 per share. These payments usually happen every three months (quarterly), and there were four payments in the last 12 months.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, based on price-based evidence, the ETF has an erosion score of 100, which indicates that no price erosion was detected. There is no severe erosion-risk flag for this ETF.
Pros
• Positive Returns: The ETF has shown positive price returns and total returns over one, three, and five-year periods.
• Price Stability: Based on the supplied erosion score, there are no signs of price erosion.
• Large Holdings: The fund has significant exposure to large companies like Linde PLC (15.92%) and Newmont Corp (8.54%).
Cons
• Lower Yield: The distribution yield of 1.45% is relatively low compared to some other types of income-focused investments.
• Partial Data: The list of top holdings provided is only a partial list, so the full portfolio is not shown here.
Beginner takeaway
FMAT is an ETF that focuses on the materials industry. It has grown in both share price and total value over several years. While it does pay out cash distributions quarterly, the yield is modest at 1.45%. Investors should remember that price returns and total returns are different, and total return is the more complete measure of growth.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | LINDE PLC | LIN | 15.92% |
| 2 | NEWMONT CORP | NEM | 8.54% |
| 3 | FREEPORT-MCMORAN INC | FCX | 7.35% |
| 4 | SHERWIN-WILLIAMS CO | SHW | 5.11% |
| 5 | ECOLAB INC | ECL | 5.01% |
| 6 | AIR PRODUCTS AND CHEMICALS INC | APD | 4.29% |
| 7 | NUCOR CORP | NUE | 3.89% |
| 8 | CRH PLC | CRH | 3.87% |
| 9 | STEEL DYNAMICS INC | STLD | 2.28% |
| 10 | VULCAN MATERIALS CO | VMC | 2.25% |