ETF Overview
The Fidelity High Dividend ETF (FDVV) focuses on large-cap, high-yield dividend stocks. It tracks the Fidelity Core Dividend Index. The fund constructs its portfolio based on three criteria: dividend yield, dividend payout, and dividend growth in the past year. FDVV’s portfolio select stocks to include in the portfolio based on past information that may not accurately reflect future earnings and dividend growths. Because of its inferior growth outlook, the fund performance has generally lagged behind the S&P 500 Index. However, it may provide better downside protection, as it has lower forward