---
ticker: "FMAT"
name: "Fidelity MSCI Materials Index ETF"
url: "https://etf.net/etf/FMAT"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Materials (Broad)"
category_rank: "2 of 14"
methodology: "https://etf.net/methodology"
---

# FMAT: Fidelity MSCI Materials Index ETF

Grade **B**, Score 69 of 100. Rank 2 of 14 in Materials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 95 | 1 of 14 |
| Mission | Not scored | — |
| Risk | 52 | 6 of 14 |
| Tradability | 59 | 5 of 14 |
| Holdings | 47 | 9 of 14 |
| Durability | 50 | 8 of 14 |

## Top holdings

The fund holds 106 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | LIN.DE | Linde PLC | 15.76% |
| 2 | NEM | Newmont Corp | 8.78% |
| 3 | FCX | Freeport Mcmoran Inc | 7.46% |
| 4 | SHW | Sherwin Williams Co | 5.13% |
| 5 | ECL | Ecolab Inc | 5.03% |
| 6 | APD | Air Products & Chemicals Inc | 4.30% |
| 7 | NUE | Nucor Corp | 3.92% |
| 8 | CRH.L | Crh Plc(Us) | 3.84% |
| 9 | STLD | Steel Dynamics Inc | 2.30% |
| 10 | VMC | Vulcan Materials Co | 2.24% |
| 11 | MLM | Martin Marietta Materials Inc | 2.02% |
| 12 | — | Securities Lending Cf | 1.73% |
| 13 | PPG | Ppg Industries Inc | 1.63% |
| 14 | SWR.L | Smurfit Westrock PLC | 1.53% |
| 15 | IFF | International Flavors & Fragra | 1.48% |
| 16 | RS | Reliance Inc | 1.45% |
| 17 | PKG | Packaging Corp of America | 1.45% |
| 18 | DOW | Dow Inc | 1.44% |
| 19 | RGLD | Royal Gold Inc | 1.41% |
| 20 | AMCR | Amcor PLC | 1.36% |
| 21 | AMRZ.SW | Amrize Ltd | 1.27% |
| 22 | CDE | Coeur Mining Inc | 1.24% |
| 23 | CF | Cf Industries Holdings Inc | 1.21% |
| 24 | IP | International Paper Co | 1.14% |
| 25 | 0EDD.L | Lyondellbasell Inds Class A | 1.09% |
| 26 | BLL | Ball Corp | 1.04% |
| 27 | JHX | James Hardie Ind PLC | 1.00% |
| 28 | AVY | Avery Dennison Corp | 0.90% |
| 29 | RPM | Rpm International Inc | 0.85% |
| 30 | CCK | Crown Holdings Inc | 0.85% |

Source: etf.net, https://etf.net/etf/FMAT. Please cite the page URL.