Fidelity U.S. Dividend for Rising Rates ETF (TSX: FCRR)
Canada
· Delayed Price · Currency is CAD | Assets | 50.46M |
| Expense Ratio | 0.39% |
| PE Ratio | 20.10 |
| Dividend (ttm) | 0.81 |
| Dividend Yield | 2.10% |
| Ex-Dividend Date | Apr 25, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 42.13% |
| 1-Year Return | +23.30% |
| Volume | 100 |
| Open | 38.81 |
| Previous Close | 38.84 |
| Day's Range | 38.81 - 38.81 |
| 52-Week Low | 31.64 |
| 52-Week High | 38.93 |
| Beta | 0.80 |
| Holdings | 104 |
| 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 23.30% in the past year. Since the fund's inception, the average annual return has been 8.07%, including dividends.
Top 10 Holdings
28.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 6.47% |
| Apple Inc | AAPL | 5.59% |
| NVIDIA Corporation | NVDA | 4.92% |
| Eli Lilly and Company | LLY | 1.93% |
| JPMorgan Chase & Co. | JPM | 1.88% |
| Exxon Mobil Corporation | XOM | 1.61% |
| Visa Inc. | V | 1.53% |
| Broadcom Inc. | AVGO | 1.48% |
| UnitedHealth Group Incorporated | UNH | 1.44% |
| The Home Depot, Inc. | HD | 1.43% |
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 25, 2024 | 0.08102 CAD |
| Mar 25, 2024 | 0.07267 CAD |
| Feb 26, 2024 | 0.0324 CAD |
| Jan 26, 2024 | 0.06769 CAD |
| Dec 22, 2023 | 0.10587 CAD |
| Nov 27, 2023 | 0.04152 CAD |