Key stats
About Fidelity Metaverse ETF
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Inception date
Apr 19, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
FMET holds stocks and depositary receipts of globally listed companies that develop, manufacture, distribute, or sell products related to the metaverse. Eligible companies must derive at least 50% of their revenue from (i) computing hardware, (ii) digital infrastructure, (iii) design & engineering software, (iv) gaming technology & software, (v) web development & content services, and (vi) smart phone & wearable technology. The index uses quality screens based on trailing or next 12-month revenues, operating cash flow, sales growth, and analyst coverage to filter out companies that pose significant risks. Then securities are ranked for thematic relevance, which is a composite of total significant revenue, percent of significant revenue, and a natural language processing (NLP) score. Approximately 50 stocks are selected and the portfolio is weighted according to market capitalization, subject to liquidity constraints and a 4.5% single weight capping. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.03%
Technology Services58.18%
Electronic Technology31.30%
Finance7.30%
Consumer Services0.90%
Consumer Durables0.33%
Bonds, Cash & Other0.97%
Mutual fund1.29%
Securitized0.73%
Futures−0.01%
Cash−1.04%
Stock breakdown by region
North America74.83%
Asia20.60%
Europe4.57%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history