Key stats
About Fidelity Dividend ETF for Rising Rates
Expense ratio
0.16%
Home page
Inception date
Sep 12, 2016
FDRR invests in US and developed international equities that exhibit strong dividend characteristics and a positive correlation to increasing 10-year US Treasury yields. The selection universe begins with 1,000 of the largest US stocks and the largest 1,000 developed-market international stocks by market capitalization. These stocks are scored and selected according to their dividend yield, dividend payout ratio, dividend growth, and their correlation to increasing 10-year US Treasury yields. Each sector maintains its weight relative to the broader equity market, and each stock within each sector receives a modified market capitalization weight plus an equal overweight adjustment within each sector. This avoids concentration to the large-cap constituents. FDRR invests mostly in US stocks, with a 10% maximum on international stocks, as well as a 35% cap on any individual sector. The index is rebalanced annually.
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
Electronic Technology
Finance
Stocks99.50%
Electronic Technology29.04%
Finance15.05%
Technology Services8.81%
Health Technology7.92%
Consumer Services6.33%
Consumer Non-Durables5.79%
Retail Trade4.92%
Producer Manufacturing3.57%
Commercial Services2.86%
Transportation2.62%
Energy Minerals2.61%
Utilities2.54%
Consumer Durables2.27%
Communications1.61%
Health Services1.56%
Process Industries1.53%
Non-Energy Minerals0.43%
Bonds, Cash & Other0.50%
Mutual fund0.27%
Cash0.23%
Government0.01%
Futures−0.01%
Stock breakdown by region
North America94.09%
Europe4.51%
Asia1.40%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history