What is FDRR?

FDRR tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields.

PERFORMANCE [as of 03/17/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FDRR -6.47% -2.53% -2.62% -9.27% 17.15% 7.57% --
FDRR (NAV) -4.64% -0.18% -0.63% -6.32% 19.81% 8.07% --
Fidelity Dividend Index for Rising Rates -5.63% -1.18% -1.63% -8.03% 17.66% 8.17% 11.02%
MSCI World IMI -4.81% 2.03% 2.06% -9.81% 16.39% 5.84% 8.10%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FDRR Factset Analytics Insight

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.

FDRR Summary Data

Fidelity
09/12/16
0.29%
$536.66M
MSCI World IMI
Open-Ended Fund

Peers

MSCI World IMI

Fund Flows

$0.00B 5 Days
+$0.00B 30 Days
-$0.03B 90 Days

FDRR Portfolio Data

$395.22B
15.11
3.39
2.77%
N/A
113

FDRR Index Data

Tiered
Multi-Factor
MSCI World IMI

FDRR Portfolio Management

0.29%
-0.33%
-0.28%
-0.38%

FDRR Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FDRR Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/20/23

This measurement shows how easy it is to trade a $1 million USD block of FDRR. FDRR is rated a 5 out of 5.

FDRR Tradability

35,542
$1.45M
27,128
$1.13M
0.27%
$0.11
-0.02%
0.20% / -0.27%
None
94.26%
50,000
0.54
0.03%
0.01%
11
$39.66
5

FDRR Sector/Industry Breakdown

FDRR Segment
Benchmark
19.38% --
14.53% --
12.12% --
9.07% --
7.49% --
5.66% --
5.29% --
4.38% --
4.18% --
3.80% --

FDRR Top 10 Holdings

7.49%
2.38%
1.86%
30.28%

FDRR Performance Statistics

0.91
0.94
0.94
1.01
0.35%
MSCI World IMI

FDRR Countries

FDRR Segment
Benchmark
91.38% 67.00%
1.50% 4.57%
1.13% 0.31%
0.80% 0.49%
0.62% 1.07%
0.49% 2.49%
0.18% 0.27%
-- 0.80%
-- 0.22%
-- 1.24%

FDRR Regions

FDRR Segment
Benchmark
91.38% 70.51%
3.43% 18.59%
1.29% 10.69%
-- 0.22%

FDRR Economic Development

FDRR Segment
Benchmark
96.10% 100.00%
0.00% 0.00%

FDRR Benchmark Comparison Holdings

113
5942
108
24.23%

FDRR Benchmark Comparison Summary

FDRR Segment
Benchmark
113 5942
$395.22B $284.60B
15.11 18.04
3.39 2.70
2.95% 1.94%
Medium Low

FDRR Benchmark Comparison Market Cap Size

FDRR Segment
Benchmark
89.84% 82.31%
9.87% 13.12%
0.00% 4.19%
0.00% 0.36%