FMAG Profile
The Fidelity Magellan ETF (FMAG) is an actively managed exchange-traded fund ("ETF") that operates under an exemptive order from the Securities and Exchange Commission (SEC), allowing it to deviate from daily disclosure requirements of its complete portfolio holdings. Launched on February 2, 2021, and issued by Fidelity Investments, FMAG primarily invests in total market equity securities. This approach enables the fund to leverage Fidelity's extensive research capabilities and global reach to select companies that demonstrate strong fundamentals and growth potential.
FMAG distinguishes itself as a non-transparent ETF utilizing Fidelity's proprietary model, which aims to provide investors with exposure to a diversified portfolio of companies while maintaining confidentiality of its holdings to prevent front-running and preserve investment strategies. This structure combines the benefits of active management with the liquidity and efficiency of an ETF, catering to both institutional and retail investors seeking strategic equity investments.
Fidelity's issuance of FMAG underscores its commitment to innovation in ETF offerings, providing investors with access to dynamic investment strategies that adapt to market conditions. The fund's investment philosophy focuses on identifying companies with sustainable competitive advantages and compelling valuations, aiming to deliver long-term capital appreciation for shareholders.
By investing in FMAG, investors benefit from Fidelity's robust risk management processes and deep industry expertise, ensuring that the fund aligns with their investment objectives. The ETF's flexible approach to portfolio management and rigorous selection criteria reflect Fidelity's dedication to delivering value and performance in the competitive landscape of global equity investments.
|
