Fidelity Dividend ETF for Rising Rates (FDRR): Price and Financial Metrics ETF

Fidelity Dividend ETF for Rising Rates (FDRR) ETF Bio

The investment objective of the Fidelity Dividend ETF for Rising Rates will seek to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large- and mid-cap dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields. The index consists of stocks of companies with historically high dividend yields, low dividend payout ratios, high dividend growth, and a positive correlation of returns to increasing 10-year U.S. Treasury bond yields.