Fidelity® International High Dividend ETF (FIDI)

Overview

Fidelityu00ae International High Dividend ETF (FIDI) seeks to provide investment results that correspond to the performance of the Fidelity International High Dividend Index. It focuses on high-dividend-yielding stocks of companies located in developed markets outside the U.S., emphasizing dividend income and potential capital appreciation.

Reputation and Reliability

Fidelity is a well-established and reputable financial services company with a long history and a significant presence in the ETF market.

Management Expertise

Fidelity has a large and experienced team of investment professionals managing a wide range of investment products, including ETFs.

Goal

The fund seeks to replicate, before fees and expenses, the performance of the Fidelity International High Dividend Index.

Investment Approach and Strategy

Strategy: The ETF employs a passive management strategy designed to track the Fidelity International High Dividend Index.

Composition The ETF primarily holds stocks of companies located in developed markets outside the U.S., selected based on their dividend yields. It may invest in various sectors.

Market Share: FIDI's market share is specific to the international high dividend ETF market; an exact figure requires real-time market data.

Total Net Assets (AUM): 274800000

Key Competitors

• Schwab International Dividend Equity ETF (SCHY)
• Vanguard International High Dividend Yield ETF (VYMI)
• SPDR Portfolio Developed World ex-US Dividend ETF (SPDW)

Competitive Landscape

The international high dividend ETF market is fairly competitive. FIDI benefits from Fidelity's brand recognition. However, VYMI and SCHY have lower expense ratios and higher AUM. SPDW provides a competitive cost. FIDI's performance is heavily dependent on the composition of its underlying index and the stock-picking of that index, presenting both opportunities and risks relative to its peers.

Historical Performance: Historical financial performance data is not provided but can be obtained from financial data providers.

Benchmark Comparison: The ETFu2019s performance should be compared to the Fidelity International High Dividend Index to gauge its tracking efficiency.

Expense Ratio: 0.35

Average Trading Volume

FIDI's average trading volume reflects its liquidity and ease of trading, typically thousands of shares daily.

Bid-Ask Spread

The bid-ask spread represents the cost of trading and is usually a small percentage, affecting short-term trading profitability.

Market Environment Factors

Economic indicators in developed international markets, interest rates, and currency exchange rates all affect FIDI. Also, dividend policy changes among the constituent companies play a vital role.

Growth Trajectory

The growth trajectory of FIDI is dependent on the overall performance of international equity markets, investor demand for high-dividend strategies, and Fidelityu2019s ability to effectively track its index.

Competitive Edge

FIDI benefits from Fidelity's established brand and distribution network, offering a competitive advantage. The ETF's low cost compared to some actively managed funds and its focus on international high dividend stocks are attractive. FIDIu2019s ability to track its index accurately is also key to its competitive positioning. FIDI is best when investor seeks diversification in developed international markets.

Volatility

FIDIu2019s volatility is influenced by the volatility of the underlying international equity markets and currency fluctuations.

Market Risk

Specific risks include currency risk (due to international holdings), political and economic instability in foreign markets, and sector-specific risks within the portfolio.

Ideal Investor Profile

The ideal investor is seeking dividend income and international equity exposure within a diversified portfolio. They are typically income-seeking investors comfortable with some degree of market risk.

Market Risk

FIDI is suitable for long-term investors seeking dividend income and capital appreciation through exposure to international high-dividend stocks.

Fidelity International High Dividend ETF (FIDI) provides exposure to high-dividend-yielding international equities. It aims to replicate the performance of the Fidelity International High Dividend Index, offering a relatively low-cost and liquid investment vehicle. The ETF is suitable for long-term investors seeking income and international diversification, but investors should consider currency risks, political and economic instability within its underlying markets. Performance is benchmarked to the Fidelity International High Dividend Index.

Data Sources:

• Fidelity
• ETF.com
• Seeking Alpha
• Morningstar

Disclaimers:

The data and analysis provided are for informational purposes only and do not constitute investment advice. Market conditions and ETF performance can change rapidly, so it is crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.