FMAT

📎 Investment Objective

The Fidelity MSCI Materials Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Materials Index, which represents the materials sector of the U.S. equity market.

✨ Key Features

• Provides broad exposure to the U.S. materials sector, including companies involved in the production of chemicals, metals, and other materials
• Tracks the MSCI USA IMI Materials Index, a market-cap-weighted index that covers approximately 99% of the U.S. materials sector
• Low expense ratio of 0.00%, making it a cost-effective way to gain exposure to the materials sector
• Suitable for investors seeking targeted exposure to the materials industry as part of a diversified portfolio

⚠️ Primary Risks

• Sector concentration risk: As a sector-specific fund, it is more susceptible to factors affecting the materials industry than a more diversified fund
• Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities, which are affected by general market conditions
• Tracking error risk: The fund may not perfectly track the performance of the underlying index due to factors such as fund expenses and transaction costs
• Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the ETF at the desired price or time

👤 Best For

The Fidelity MSCI Materials Index ETF may be suitable for investors seeking exposure to the materials sector as part of a diversified portfolio, with a long-term investment horizon and a moderate to high risk tolerance. It may be particularly appealing to investors who value low-cost, passively managed exposure to the U.S. materials industry.