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FMAG - ETF AI Analysis
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Fidelity Magellan ETF (FMAG)
Rating:73Outperform
Price Target:―
Positive Factors
Well-Known Growth Leaders in Top Holdings
The ETF’s largest positions include many established technology and consumer companies that have historically driven growth in the stock market.
Focused but Still Multi-Sector Exposure
While technology is the largest slice, the fund also holds meaningful stakes in industrials, financials, and consumer companies, which helps spread risk across several parts of the economy.
Healthy Fund Size
The ETF manages a sizable pool of assets, which can support trading liquidity and ongoing fund operations for investors.
Negative Factors
Recent Weak Short-Term Performance
The fund has slipped over the past one and three months, showing recent performance has been soft even though the year-to-date result is roughly flat.
High Concentration in Technology and a Few Stocks
A large share of the portfolio is tied up in technology names and a small group of big holdings, which increases the impact if these companies or the tech sector struggle.
Higher Expense Ratio
The fund’s fee is on the higher side for an ETF, which means more of the gross return is eaten up by costs over time.
FMAG vs. SPDR S&P 500 ETF (SPY)
AUM236.86M
RegionGlobal
Expense Ratio0.57%
Beta1.12
IssuerFidelity
Inception DateFeb 02, 2021
Dividend Yield0.16%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume30,708
30 Day Avg. Volume36,896
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
42.37Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering58
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMAG Summary
The Fidelity Magellan ETF (FMAG) is an actively managed fund that aims to cover much of the U.S. stock market, with a strong tilt toward technology and other large, well-known companies. It does not track a specific index, but instead follows a “total market” theme, picking stocks across many sectors. Top holdings include big names like Nvidia and Microsoft. Someone might invest in FMAG for long-term growth and built-in diversification across many industries. A key risk is that it’s heavily weighted in tech stocks, so its price can swing up and down more than the overall market.
How much will it cost me?The Fidelity Magellan ETF (FMAG) has an expense ratio of 0.59%, meaning you’ll pay $5.90 per year for every $1,000 invested. This is higher than average because FMAG is actively managed, which typically involves more research and decision-making compared to passively managed funds that track an index.
What would affect this ETF?The Fidelity Magellan ETF (FMAG) could benefit from continued growth in the technology sector, which makes up a significant portion of its holdings, especially with companies like Nvidia and Microsoft leading innovation in AI and cloud computing. However, rising interest rates or economic slowdowns could negatively impact consumer spending and the performance of cyclical sectors, which are also heavily represented in the ETF. Global economic conditions and regulatory changes in key markets could further influence the ETF's performance, given its broad geographic exposure.
FMAG Top 10 Holdings
FMAG is leaning hard into Big Tech and semiconductors, with Nvidia and TSMC doing much of the heavy lifting as their AI stories keep the chips rally humming. GE Aerospace is another bright spot, giving the fund an extra boost from the industrial side. On the flip side, Microsoft, Amazon, and Synopsys have been losing a bit of altitude lately, turning from engines into mild headwinds. Overall, this is a tech-heavy, globally exposed portfolio where a handful of U.S. and Asian chip and software giants set the tone for performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 10.73% | $27.62M | $4.38T | 48.15% | 76 Outperform | |
| Microsoft | 7.64% | $19.68M | $2.94T | 1.80% | 79 Outperform | |
| Amazon | 6.17% | $15.89M | $2.23T | 4.91% | 71 Outperform | |
| Broadcom | 4.77% | $12.28M | $1.53T | 64.75% | 76 Outperform | |
| Meta Platforms | 4.68% | $12.04M | $1.55T | 1.00% | 76 Outperform | |
| Visa | 2.11% | $5.42M | $585.41B | -7.43% | 70 Outperform | |
| TSMC | 2.10% | $5.40M | $1.51T | 94.33% | 81 Outperform | |
| GE Aerospace | 2.07% | $5.33M | $314.32B | 52.04% | 72 Outperform | |
| Mastercard | 1.93% | $4.98M | $444.11B | -5.62% | 75 Outperform | |
| Synopsys | 1.93% | $4.96M | $79.04B | -7.53% | 73 Outperform |
FMAG Technical Analysis
Negative
―
Price Trends
33.92
Negative
34.14
Negative
34.30
Negative
Market Momentum
-0.32
Positive
40.80
Neutral
12.39
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMAG, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 33.43, equal to the 50-day MA of 33.92, and equal to the 200-day MA of 34.30, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 12.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMAG.
FMAG Peer Comparison
Comparison Results
Performance Comparison
FMAG
Fidelity Magellan ETF
32.76
3.01
10.12%
RGEF
Rockefeller Global Equity ETF
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KAT
Scharf ETF
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DWLD
Davis Select Worldwide Etf
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HOLA
JPMorgan International Hedged Equity Laddered Overlay ETF
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JSTC
Adasina Social Justice All Cap Global ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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