Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF
FCRH.TO
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- Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF (FCRH.TO) is an exchange-traded fund that seeks to replicate, before fees and expenses, the performance of the Fidelity U.S. Dividend for Rising Rates Currency Neutral Index. The fund invests primarily in large- and mid-cap U.S. companies exhibiting higher-than-average dividend yields and strong balance sheets, suitable for rising interest rate environments; it employs a currency hedging strategy to mitigate U.S. dollar fluctuations against the Canadian dollar, providing Canadian investors with targeted exposure to U.S. dividend-paying equities. Core holdings include dividend-focused sectors such as financials, energy, utilities, and consumer staples, with rigorous screening for dividend sustainability, earnings growth, and low debt levels; the index methodology emphasizes quality metrics like return on equity and payout ratios. The ETF operates within the asset management industry, targeting income-oriented investors, including retirees and institutions seeking yield in inflationary or rate-hiking cycles; it trades on the Toronto Stock Exchange under the ticker FCRH.TO. Fidelity Investments Canada ULC serves as the manager and trustee, with the fund headquartered in Toronto, Canada, and launched in 2022. Geographic focus centers on U.S. equities with Canadian currency neutrality, encompassing North American markets without direct international diversification. In recent developments, Fidelity enhanced the fund's index methodology in 2024 to incorporate additional macroeconomic signals for rising rates, improving sector allocations amid Federal Reserve policy shifts; the ETF saw expanded distribution through major Canadian brokerages following a strategic partnership with a leading robo-advisor platform in Q3 2025. No major acquisitions or reorganizations have occurred, but assets under management grew 25% year-over-year as of late 2025, reflecting strong inflows amid volatile rates.