Fidelity U.S. High Dividend ETF (FCUD.TO) TSX
Currency In CAD
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Currency In CAD
Address
483 Bay Street, Suite 300
Toronto, ON M5G 2N7
Canada
Phone
1-800-263-4077
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
September 18, 2018
This ETF offers a passively managed strategy for investing in U.S. large and mid-capitalization companies recognized for their consistent and growing dividend distributions. It utilizes a proprietary, rules-based "smart beta" methodology to gain exposure to specific strategic factors. The selection process begins with the 1,000 largest U.S. equities, which are then evaluated using a composite factor score considering dividend yield, payout ratio, and dividend growth. To neutralize size bias, this score is integrated with a size factor. From each sector, securities are chosen based on their size-adjusted composite score. The final portfolio comprises 60 to 100 stocks, with a higher allocation given to those demonstrating more attractive dividend yields. The index undergoes annual rebalancing.