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
What's in the fund
Exposure type
Electronic Technology
Finance
Technology Services
Stock breakdown by region