Fidelity Dividend ETF for Rising Rates
FDRR
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- Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund launched by Fidelity Investments on September 12, 2016, and headquartered in Boston, Massachusetts. The fund tracks the Fidelity Dividend for Rising Rates Index, which focuses on large- and mid-cap companies from developed markets, including the U.S., that demonstrate strong dividend growth profiles and positive historical correlation to rising 10-year U.S. Treasury yields; its portfolio comprises approximately 131 equity holdings with top concentrations in technology (such as NVIDIA Corporation at 8.31%, Microsoft Corporation at 7.17%, and Apple Inc. at 6.42%), financials, healthcare, and consumer discretionary sectors. FDRR provides investors with exposure to dividend-paying stocks designed to perform in rising interest rate environments, offering a trailing twelve-month dividend yield of 2.53%, quarterly payouts (most recent ex-dividend date June 20, 2025), an expense ratio of 0.16%, and total assets under management of approximately $603 million as of late 2025. The fund targets institutional and retail investors seeking income and capital appreciation with reduced sensitivity to rate hikes, primarily through passive index replication without leverage or derivatives. Fidelity Investments, the issuer, founded in 1946 as Fidelity Management & Research, operates globally with a focus on asset management, brokerage services, retirement plans, and exchange-traded funds; it manages over $5.8 trillion in discretionary assets and serves more than 40 million clients worldwide. FDRR forms part of Fidelity's broader ETF lineup, which emphasizes factor-based and thematic strategies, with no notable subsidiaries or parent entities specific to this fund. In recent developments, FDRR has maintained its core strategy amid fluctuating rates, posting a one-year total return of 16.07% and year-to-date gains reflecting outperformance versus broad bond ETFs through mid-2025, bolstered by heavy tech sector tilts (33.8%) and financials exposure. Fidelity Investments, as issuer, expanded its ETF offerings with launches of spot Bitcoin and Ethereum ETFs in 2024, alongside no-fee cryptocurrency trading in IRAs by April 2025 and the acquisition of equity management software provider Shoobx in January 2023, though no direct partnerships, funding rounds, or structural changes impact FDRR specifically within the last two years. The fund continues quarterly rebalancing to align with index methodology, with no reported name changes, reorganizations, or major operational shifts.