Fidelity U.S. High Dividend ETF (FCUD.TO) TSX

Currency In CAD

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Fidelity U.S. High Dividend ETF

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

Key Executives

N/A
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Description

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.

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