Fidelity U.S. High Dividend ETF
FCUD.TO
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- Fidelity U.S. High Dividend ETF (FCUD.TO) is an exchange-traded fund managed by Fidelity Investments Canada ULC that seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. High Dividend Index. The ETF provides investors with exposure to a portfolio of dividend-paying equity securities of large- and mid-capitalization U.S. companies selected for their high dividend yields, dividend growth potential, and quality characteristics; it emphasizes sectors such as information technology, consumer staples, utilities, energy, real estate, and materials, with top holdings including Microsoft Corporation, NVIDIA Corporation, Apple Inc., Dominion Energy Inc., and Duke Energy Corporation as of June 30, 2024. Available in both Canadian dollar (FCUD) and U.S. dollar (FCUD.U) units on the Toronto Stock Exchange, the fund targets investors seeking monthly income through net income distributions and potential capital appreciation, with a management expense ratio of 0.38% and assets under management exceeding $236 million as of June 30, 2024. Launched on September 13, 2018, and headquartered at 483 Bay Street, North Tower, Suite 300, Toronto, Ontario, the ETF operates primarily in North American capital markets, investing in U.S.-listed equities without direct international geographic diversification beyond its underlying holdings. In a notable recent development, the fund was renamed from Fidelity U.S. High Dividend Index ETF to Fidelity U.S. High Dividend ETF, effective December 1, 2023, reflecting a streamlined branding while maintaining its core investment strategy and index-tracking approach under Fidelity Investments Canada ULC management; no major acquisitions, partnerships, funding rounds, or product launches have been reported in the last 1-2 years, with ongoing portfolio adjustments driven by index rebalancing to sustain focus on high-quality dividend payers.