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Fidelity MSCI Materials Index ETF

FMAT

Fidelity

Fidelity MSCI Materials Index ETF (FMAT) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 91.94%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 91.94%
  • Halal 72.72%
  • Doubtful 1.30%
  • Not halal 17.92%
  • Not rated 8.06%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
Fidelity
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.08%
AUM
573.99M USD
Holdings
103 (98 screened)
Basket as of (provider)
2 Nov 2026
Basket fetched by Akinda
2 Nov 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal72.72%17.92%
DJIMNot halal74.12%17.08%
FTSENot halal63.16%27.69%
MSCINot halal63.16%27.70%
S&PNot halal75.70%15.46%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–50 of 103 holdings, largest first · basket as of 2 Nov 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
NEMNEWMONT CORP
7.70%HalalHalalHalalHalalHalal
2
FCXFREEPORT MCMORAN INC
6.13%HalalHalalHalalHalalHalal
3
ECLECOLAB INC
5.24%HalalHalalNot halalNot halalHalal
4
SHWSHERWIN WILLIAMS CO
5.18%HalalHalalNot halalNot halalHalal
5
APDAIR PRODUCTS & CHEMICALS INC
4.69%HalalHalalNot halalNot halalHalal
6
NUENUCOR CORP
4.15%HalalHalalHalalHalalHalal
7
CRH.LCRH PLC(US)
4.14%Not ratedNot ratedNot ratedNot ratedNot rated
8
VMCVULCAN MATERIALS CO
2.49%HalalHalalHalalHalalHalal
9
STLDSTEEL DYNAMICS INC
2.35%HalalHalalHalalHalalHalal
10
MLMMARTIN MARIETTA MATERIALS INC
2.21%HalalHalalHalalHalalHalal
11
PPGPPG INDUSTRIES INC
1.82%HalalHalalHalalHalalHalal
12
DOWDOW INC
1.71%Not halalNot halalHalalHalalNot halal
13
LIN.DELINDE PLC
16.24%HalalHalalHalalHalalHalal
14
IFFINTERNATIONAL FLAVORS & FRAGRA
1.58%Not halalNot halalHalalHalalHalal
15
PKGPACKAGING CORP OF AMERICA
1.56%HalalHalalNot halalNot halalHalal
16
SWR.LSMURFIT WESTROCK PLC
1.54%Not halalNot halalHalalHalalNot halal
17
RSRELIANCE INC
1.52%HalalHalalHalalHalalHalal
18
AMCRAMCOR PLC
1.50%Not halalNot halalNot halalNot halalNot halal
19
AMRZ.SWAMRIZE LTD
1.41%Not ratedNot ratedNot ratedNot ratedNot rated
20
RGLDROYAL GOLD INC
1.33%HalalHalalHalalHalalHalal
21
CFCF INDUSTRIES HOLDINGS INC
1.29%HalalHalalHalalHalalHalal
22
IPINTERNATIONAL PAPER CO
1.25%Not halalNot halalHalalHalalNot halal
23
0EDD.LLYONDELLBASELL INDS CLASS A
1.21%Not ratedNot ratedNot ratedNot ratedNot rated
24
BLLBALL CORP
1.15%Not ratedNot ratedNot ratedNot ratedNot rated
25
JHXJAMES HARDIE IND PLC
1.05%Not halalNot halalNot halalNot halalNot halal
26
AVYAVERY DENNISON CORP
0.95%HalalHalalNot halalNot halalHalal
27
CDECOEUR MINING INC
0.92%HalalHalalHalalHalalHalal
28
CCKCROWN HOLDINGS INC
0.91%Not halalNot halalNot halalNot halalNot halal
29
RPMRPM INTERNATIONAL INC
0.87%DoubtfulHalalHalalHalalHalal
30
ALBALBEMARLE CORP
0.73%HalalHalalHalalHalalHalal
31
AAALCOA CORP
0.71%HalalHalalHalalHalalHalal
32
SOLSSOLSTICE ADVANCED MATERIAL INC
0.66%HalalHalalNot halalNot halalHalal
33
HLHECLA MINING CO
0.62%HalalHalalHalalHalalHalal
34
ATRAPTARGROUP INC
0.60%HalalHalalHalalHalalHalal
35
CLFCLEVELAND-CLIFFS INC
0.55%Not halalNot halalNot halalNot halalNot halal
36
ESIELEMENT SOLUTIONS INC
0.54%HalalHalalHalalHalalHalal
37
CTVACORTEVA INC
0.53%Not halalHalalHalalHalalHalal
38
EMNEASTMAN CHEMICAL CO
0.52%Not halalNot halalNot halalNot halalNot halal
39
0U6C.LAXALTA COATING SYSTEMS LTD
0.50%Not halalNot halalNot halalNot halalNot halal
40
CMCCOMMERCIAL METALS CO
0.48%Not halalNot halalHalalHalalNot halal
41
NEUNEWMARKET CORP
0.41%DoubtfulNot ratedNot ratedNot ratedNot rated
42
MOSMOSAIC CO NEW
0.40%Not halalNot halalHalalHalalNot halal
43
EXPEAGLE MATERIALS INC
0.39%HalalHalalNot halalNot halalHalal
44
MPMP MATERIALS CORP
0.38%Not halalNot halalNot halalNot halalNot halal
45
BCPCBALCHEM CORP
0.37%HalalHalalHalalHalalHalal
46
CECELANESE CORP
0.37%Not halalNot halalNot halalNot halalNot halal
47
SONSONOCO PRODUCTS CO
0.34%Not halalNot halalNot halalNot halalNot halal
48
HCCWARRIOR MET COAL INC
0.31%HalalHalalHalalHalalHalal
49
MTRNMATERION CORP
0.31%Not halalNot ratedNot ratedNot ratedNot rated
50
SXTSENSIENT TECHNOLOGIES CORP
0.29%HalalHalalNot halalNot halalHalal

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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