FMAT is a Sector & Thematic ETF from Fidelity holding 103 positions as of Apr 30, 2026, with $579M in assets and a 0.08% net expense ratio. Its largest positions are LIN (15.0%), NEM (7.8%) and FCX (5.3%); the top 10 holdings account for 55.9% of the portfolio. By sector it leans Materials (99.5%) and Energy (0.3%). It yields 1.38% on a trailing-12-month basis.
- Issuer
- Fidelity
- Holdings
- 103
- Net Assets
- $579METF assets as of 2026-08-10
- Expense Ratio
- 0.08%per latest SEC prospectus filing
- TTM Yield
- 1.38%trailing 12-month distributions
Performance
- 1M
- +3.2%
- YTD
- +14.7%
- 1Y
- +20.8%
- 3Y (ann.)
- +10.3%
- 5Y (ann.)
- +6.9%
- 10Y (ann.)
- +10.0%
A $10,000 investment 10 years ago would be worth $25,961 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Materials | 99.5% |
|---|---|
| Energy | 0.3% |
| Consumer Discretionary | 0.0% |
| Other Sectors | 0.0% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  LINLinde PLC | 14.99% |
| 2 |  NEMNewmont Corp | 7.77% |
| 3 |  FCXFreeport-McMoRan Inc | 5.32% |
| 4 |  CRHCRH plc | 5.09% |
| 5 |  SHWSherwin-Williams Co/The | 4.85% |
| 6 |  APDAir Products and Chemicals Inc | 4.28% |
| 7 |  ECLEcolab Inc | 4.26% |
| 8 |  CTVACorteva Inc | 3.51% |
| 9 |  NUENucor Corp | 3.30% |
| 10 |  VMCVulcan Materials Co | 2.55% |
| 11 |  MLMMartin Marietta Materials Inc | 2.39% |
| 12 |  STLDSteel Dynamics Inc | 2.03% |
| 13 |  DOWDow Inc | 1.84% |
| 14 |  AMRZAmrize Ltd | 1.72% |
| 15 |  PPGPPG Industries Inc | 1.56% |
| 16 |  ALBAlbemarle Corp | 1.48% |
| 17 |  SWSmurfit Westrock PLC | 1.28% |
| 18 |  RGLDRoyal Gold Inc | 1.26% |
| 19 |  CFCF Industries Holdings Inc | 1.24% |
| 20 |  LYBLyondellBasell Industries NV | 1.23% |
| 21 |  PKGPackaging Corp of America | 1.23% |
| 22 |  DDDuPont de Nemours Inc | 1.23% |
| 23 |  RSReliance Inc | 1.21% |
| 24 |  CDECoeur Mining Inc | 1.19% |
| 25 |  IFFInternational Flavors & Fragrances Inc | 1.15% |
Showing the top 25 of 103 holdings. See the full FMAT holdings list →
FMAT alternatives
The closest Sector & Thematic ETFs to FMAT by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 VAWVanguard Materials Index Fund | 96% | 0.09%pricier | $3.0B | Compare → |
 XLBState Street® Materials Select Sector SPDR® ETF | 72% | 0.08% | $8.4B | Compare → |
 IYMiShares U.S. Basic Materials ETF | 58% | 0.38%pricier | $1.1B | Compare → |
 XMEState Street® SPDR® S&P® Metals & Mining ETF | 23% | 0.35%pricier | $4.0B | Compare → |
 GDXVanEck Gold Miners ETF | 11% | 0.51%pricier | $23.7B | Compare → |
 IYJiShares U.S. Industrials ETF | 6% | 0.38%pricier | $2.0B | Compare → |
 ITBiShares U.S. Home Construction ETF | 5% | 0.38%pricier | $2.3B | Compare → |
 PHOInvesco Water Resources ETF | 4% | 0.59%pricier | $2.1B | Compare → |
Frequently Asked Questions
What is FMAT's expense ratio?
FMAT has a net expense ratio of 0.08%, per its latest SEC prospectus filing. That works out to about $8 a year on a $10,000 investment.
How many holdings does FMAT have?
FMAT held 103 positions as of Apr 30, 2026, per its latest official holdings data.
What are FMAT's top 10 holdings?
FMAT's largest positions are LIN (15.0%), NEM (7.8%), FCX (5.3%), CRH (5.1%), SHW (4.9%), APD (4.3%), ECL (4.3%), CTVA (3.5%), NUE (3.3%), VMC (2.6%). Together they account for 55.9% of the portfolio.
What is FMAT's dividend yield?
FMAT yields 1.38% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is FMAT?
FMAT has $579M in assets as of Aug 10, 2026.
What are good alternatives to FMAT?
By portfolio overlap, the closest Sector & Thematic ETFs to FMAT are VAW (96% overlap), XLB (72% overlap), IYM (58% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.