Fidelity U.S. Dividend for Rising Rates ETF (TSX: FCRR)
Canada
· Delayed Price · Currency is CAD | Assets | 52.24M |
| Expense Ratio | 0.39% |
| PE Ratio | 18.89 |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 1.95% |
| Ex-Dividend Date | Jun 26, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 36.78% |
| 1-Year Return | +24.03% |
| Volume | 1,500 |
| Open | 40.00 |
| Previous Close | 39.95 |
| Day's Range | n/a |
| 52-Week Low | 31.64 |
| 52-Week High | 40.52 |
| Beta | 0.81 |
| Holdings | 106 |
| Inception Date | Sep 13, 2018 |
About FCRR
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.
Performance
FCRR had a total return of 24.03% in the past year. Since the fund's inception, the average annual return has been 8.58%, including dividends.
Top 10 Holdings
31.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 7.02% |
| NVIDIA Corporation | NVDA | 6.73% |
| Apple Inc | AAPL | 6.43% |
| Eli Lilly and Company | LLY | 2.09% |
| JPMorgan Chase & Co. | JPM | 1.82% |
| Broadcom Inc. | AVGO | 1.68% |
| Exxon Mobil Corporation | XOM | 1.46% |
| Visa Inc. | V | 1.46% |
| The Procter & Gamble Company | PG | 1.36% |
| The Home Depot, Inc. | HD | 1.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2024 | 0.05757 CAD | Jun 28, 2024 |
| May 29, 2024 | 0.04317 CAD | May 31, 2024 |
| Apr 25, 2024 | 0.08102 CAD | Apr 30, 2024 |
| Mar 25, 2024 | 0.07267 CAD | Mar 28, 2024 |
| Feb 26, 2024 | 0.0324 CAD | Feb 29, 2024 |
| Jan 26, 2024 | 0.06769 CAD | Jan 31, 2024 |