Key stats
About FIDELITY U S DIVID FOR RISING US DIV FOR RISNG RAT INDX ETF SER L UNIT
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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 fund-of-funds is passively managed to provide exposure to large- and midcap US dividend-paying stocks that are expected to continue to pay and grow their dividends with positive correlation to 10-year Treasurys. 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 1,000 US stocks. Stocks are screened further based on their composite factor score based on dividend yield, payout ratio, dividend growth, and correlation to 10-year Treasury yields. Size bias is removed by blending the composite score with a size factor. Securities are selected based on the size-adjusted composite score. Between 60 to 100 stocks are selected, and groups with higher dividend yields are given more weight. Unlike other ETFs in the same family, this fund is sector neutral. 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
Stocks99.56%
Electronic Technology22.35%
Finance16.79%
Technology Services15.29%
Health Technology8.95%
Consumer Non-Durables6.83%
Retail Trade5.20%
Energy Minerals3.62%
Consumer Services3.38%
Consumer Durables2.69%
Producer Manufacturing2.64%
Utilities2.41%
Process Industries2.15%
Transportation2.02%
Distribution Services1.99%
Communications1.59%
Health Services1.47%
Commercial Services0.20%
Bonds, Cash & Other0.44%
Futures0.28%
Cash0.16%
Stock breakdown by region
North America97.03%
Europe2.97%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history