Fidelity International High Dividend ETF
FIDI
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- Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that seeks to provide investment results corresponding to the Fidelity International High Dividend Index, focusing on large- and mid-capitalization high dividend-paying companies from developed markets outside the United States. The fund primarily invests at least 80% of its assets in securities included in the index, such as common stocks and depository receipts of companies expected to pay and grow their dividends; it employs a multi-factor strategy emphasizing dividend yield, growth, and quality factors. Launched on January 16, 2018, by Fidelity Covington Trust and managed by Fidelity Investments, with principal operations headquartered in Boston, Massachusetts, FIDI targets investors seeking income from international equities in sectors including utilities, consumer staples, energy, real estate, and financials, with top holdings such as Enel SpA, Klépierre SA, National Grid plc, British American Tobacco p.l.c., and Origin Energy Limited. The ETF operates globally across developed markets excluding the U.S., including Europe (e.g., Italy, France, UK), Asia-Pacific (e.g., Australia, Japan, Hong Kong), and Canada, delivering quarterly dividend distributions with a net expense ratio of 0.19% and total net assets of approximately $181-194 million as of recent reports. Fidelity Investments, the sponsor and issuer via its affiliate FMR LLC, provides a range of ETF products including active, factor-based, and index-tracking funds; FIDI shares a domicile in the United States as an open-ended investment company regulated under the Investment Company Act of 1940. In recent developments, FIDI announced a dividend payment of $0.1980 per share in September 2025, contributing to its forward yield of around 5-7% amid volatile markets, with ongoing quarterly distributions reflecting stable income generation. The fund has seen fluctuations in institutional ownership, with 48 holders reporting positions via 13F filings, alongside performance gains including a 52-week low recovery from $19.30 in December 2024 to over $25 in 2025. No major acquisitions, mergers, partnerships, or strategic shifts specific to FIDI were reported in 2024-2025, maintaining its focus on the proprietary index without noted reorganizations or product expansions.