Symbols

FDRR

Fidelity Dividend ETF for Rising Rates·ARCA

--(--)

Key Stats

Assets Under Management

682.33MUSD

Fund Flows (1Y)

14.62MUSD

Dividend Yield

2.14%

Discount/Premium to NAV

0.02%

Shares Outstanding

10.90M

Expense Ratio

0.16%

About Fidelity Dividend ETF for Rising Rates

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://institutional.fidelity.com/app/funds-and-products/etf/snapshot/FIIS_ETF_FDRR/fidelity-dividend-etf-for-rising-rates.html

Inception Date

Sep 12, 2016

Structure

Open-Ended Fund

Index Tracked

Fidelity Dividend Index for Rising Rates

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Fidelity Management & Research Co. LLC

Distributor

Fidelity Distributors Corp.

FDRR invests in US and developed international equities that exhibit strong dividend characteristics and a positive correlation to increasing 10-year US Treasury yields. The selection universe begins with 1,000 of the largest US stocks and the largest 1,000 developed-market international stocks by market capitalization. These stocks are scored and selected according to their dividend yield, dividend payout ratio, dividend growth, and their correlation to increasing 10-year US Treasury yields. Each sector maintains its weight relative to the broader equity market, and each stock within each sector receives a modified market capitalization weight plus an equal overweight adjustment within each sector. This avoids concentration to the large-cap constituents. FDRR invests mostly in US stocks, with a 10% maximum on international stocks, as well as a 35% cap on any individual sector. The index is rebalanced annually.