Key stats
About Fidelity Dividend ETF for Rising Rates
Expense ratio
0.15%
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
Technology Services
Stocks99.61%
Electronic Technology22.13%
Finance14.48%
Technology Services10.61%
Health Technology9.14%
Consumer Services6.33%
Consumer Non-Durables6.26%
Retail Trade5.45%
Energy Minerals4.00%
Producer Manufacturing3.69%
Commercial Services3.17%
Consumer Durables3.00%
Transportation2.90%
Utilities2.53%
Process Industries1.79%
Health Services1.74%
Communications1.58%
Non-Energy Minerals0.61%
Bonds, Cash & Other0.39%
Mutual fund0.59%
Futures−0.01%
Cash−0.19%
Stock breakdown by region
North America93.68%
Europe4.96%
Asia1.37%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history