Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. Fidelity International High Dividend ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International High Dividend Index?.
Strategy. Normally investing at least 80% of assets in securities included in the Fidelity International High Dividend Index? and in depositary receipts representing securities included in the index. The Fidelity International High Dividend Index ? is designed to reflect the performance of stocks of large- and mid-capitalization developed international high dividend-paying companies that are expected to continue to pay and grow their dividends. The Fidelity International High Dividend Index SM is constructed using Fidelity's rules-based proprietary index methodology. Stocks in the universe are grouped together by country and sector (with certain broader groupings in the event of small sector and country combinations). Stocks are ranked within each group and given a composite score based on three fundamental characteristics: high dividend yield, … Normally investing at least 80% of assets in securities included in the Fidelity International High Dividend Index? and in depositary receipts representing securities included in the index. The Fidelity International High Dividend Index ? is designed to reflect the performance of stocks of large- and mid-capitalization developed international high dividend-paying companies that are expected to continue to pay and grow their dividends. The Fidelity International High Dividend Index SM is constructed using Fidelity's rules-based proprietary index methodology. Stocks in the universe are grouped together by country and sector (with certain broader groupings in the event of small sector and country combinations). Stocks are ranked within each group and given a composite score based on three fundamental characteristics: high dividend yield, low dividend payout ratio, and high dividend growth. Within each group, composite scores are adjusted to remove size bias. Stocks with the highest composite scores within each group are identified for inclusion in the index. The grouping methodology results in country weights that are comparable to but not exactly the same as the broader developed international equity market. Within each group, each stock is weighted based on its market capitalization in the broader equity market plus an overweight adjustment that is equal for all constituents within that group. Sectors are weighted relative to the broader developed international equity market depending on the yield characteristics of the sector. Sectors with higher dividend yields are overweighted, while those with lower dividend yields are underweighted. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ENEL SPA | — | $8.17M | 3.30% |
| NATIONAL GRID PL | — | $7.35M | 2.97% |
| RIO TINTO PLC | — | $6.82M | 2.76% |
| SSAB-B | — | $6.52M | 2.64% |
| NUTRIEN LTD | — | $6.39M | 2.59% |
| BROOKFIELD RENEW | — | $6.22M | 2.52% |
| BRITISH AMERICAN TOBACCO PLC | — | $6.09M | 2.46% |
| HSBC HOLDINGS PL | — | $6.00M | 2.43% |
| KLEPIERRE | — | $5.86M | 2.37% |
| NESTLE SA (REG) | — | $5.72M | 2.31% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Virtus WMC International Dividend ETF · VWID | 32% | 0.49% |
| iShares MSCI EAFE Value ETF · EFV | 29% | 0.31% |
| WisdomTree True Developed International Fund · DOL | 28% | 0.48% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.