Key stats
About FIDELITY INTERNAL HIGH DIVIDEND INTERNATIONAL HIGH DIV INDEX ETF L UNITS
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Inception date
Sep 13, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Fidelity Investments Canada ULC
The fund is passively managed to provide exposure to 100 large- and midcap dividend-paying stocks from developed markets 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 1,000 stocks from developed markets, excluding Canada and the US. 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 and country intersection group, 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
Stocks98.01%
Finance40.03%
Energy Minerals13.98%
Utilities8.21%
Producer Manufacturing6.73%
Non-Energy Minerals6.38%
Health Technology4.97%
Consumer Durables3.77%
Process Industries3.15%
Industrial Services2.12%
Electronic Technology1.92%
Distribution Services1.91%
Consumer Non-Durables1.50%
Commercial Services1.30%
Transportation1.23%
Technology Services0.50%
Retail Trade0.32%
Bonds, Cash & Other1.99%
Futures1.38%
Cash0.62%
Stock breakdown by region
Europe64.85%
Asia23.40%
Oceania11.48%
North America0.27%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history