Key stats
About FIDELITY CANADIAN HIGH DIVIDEND ETF UNITS
Home page
Inception date
Sep 13, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Primary advisor
Fidelity Investments Canada ULC
The fund is passively managed to provide exposure to 60 large- and midcap dividend-paying stocks from Canada that are expected to continue to pay and grow their dividends. The fund employs a smart beta investment and rules-based proprietary index methodology, to provide investors with exposure to targeted strategic factors. The starting universe is composed of the largest 300 Canadian stocks. Stocks are screened further based on their composite factor score, which is a weighted-average score based on dividend yield (70%), payout ratio (15%), and dividend growth (15%). Size bias is removed by blending the composite score with a size factor. Within each sector, securities are selected based on the size-adjusted composite score. Groups with higher dividend yields are overweighted, while those with lower dividend yields are underweighted. The index is rebalanced annually on the 3rd Friday of February.
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
Finance
Energy Minerals
Industrial Services
Utilities
Stocks99.42%
Finance35.75%
Energy Minerals13.76%
Industrial Services11.32%
Utilities10.84%
Communications7.52%
Non-Energy Minerals6.07%
Health Services5.03%
Technology Services4.77%
Transportation3.56%
Process Industries0.81%
Bonds, Cash & Other0.58%
Futures0.42%
Cash0.16%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history