Fidelity International High Dividend ETF (FIDI)
ARCA ARCA Primary Summary
FIDI Chart
Meld International Exposure & Income With This Dividend ETF
Equity investors will appreciate international stocks as a means to diversify their portfolios, but also as a way to achieve other avenues for dividends. They can meld both benefits with the Fidelity International High Dividend ETF (FIDI).
FIDI's Diversified Yield Case: Respectable, Not Exceptional
FIDI offers solid international dividend exposure with a unique methodology, but its long-term diversification benefits are limited in today's global markets. Yield and total return are competitive with US peers, but FIDI is outperformed by international alternatives like LVHI, which boasts better risk-reward and drawdown management. FIDI's portfolio construction is thoughtfully diversified by country and sector, though its yield and returns don't significantly outshine the competition.
FIDI: A Lower Cost Option, But With Limited Growth
Fidelity International High Dividend ETF focuses on high dividend stocks from developed markets but has a short-term selection methodology. FIDI's 12-month yield-based approach results in weaker dividend growth and total returns compared to IDV's 3-5 year evaluation period. FIDI's total return since inception is 18.8%, significantly lower than IDV's 37.1%, indicating inferior long-term performance.
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Fidelity International High Dividend ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment vehicle that primarily focuses on providing its investors with exposure to high-dividend-paying companies outside of the United States. By allocating at least 80% of its assets to securities that are included in the Fidelity® International High Dividend Index, as well as to depositary receipts representing those securities, the fund seeks to replicate the index's performance. This index is specifically designed to track the performance of large- and mid-capitalization companies in developed international markets that have a strong history of paying high dividends. These companies are also expected to continue paying and potentially grow their dividends over time, offering an appealing income-generating investment opportunity for those interested in international equity markets.
Products and Services
- High Dividend International Equity Exposure
This product offers investors the opportunity to gain exposure to large- and mid-capitalization companies in developed markets outside of the United States that pay high dividends. By investing in this fund, investors can participate in the potential growth and income generation of these international high dividend-paying companies, which are carefully selected and expected to maintain or increase their dividend payments over time.
- Fidelity® International High Dividend Index Tracking
The fund aims to closely replicate the performance of the Fidelity® International High Dividend Index. This index is comprised of high dividend-paying international companies that are not only capable of continuing their dividend payments but are also positioned to potentially grow their dividends. Investors benefit from a strategy that focuses on dividend income along with the potential for capital appreciation by investing in a diversified portfolio of international stocks mirroring the index's composition.
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