FDVV

Fidelity Core Dividend

The Fidelity Core Dividend ETF tracks an index of large- and midcap companies that exhibit positive dividend characteristics, with overweights to sectors that exhibit higher dividend yield.


7.7%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 77th

OVERWEIGHT

Recommendation
 
Fund Basics
Fund sponsorFidelity
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 12, 2016
Assets (mns)$326
Expense ratio29 bp
CurrencyUSD
Constituent Breakdown
No. of constituents124
Herfindahl-Hirschman Index 148
Wgt avg mkt cap (mns)$163,420
Large cap (>$10bn)83.6%
Mid cap ($2-10bn)15.6%
Small cap (<$2bn)0.7%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionDividends
WeightingTiered
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 3.1 %
JPMORGAN CHASE & CO 2.9 %
EXXON MOBIL CORP 2.9 %
PROCTER & GAMBLE CO/THE 2.8 %
APPLE INC 2.7 %
CHEVRON CORP 2.5 %
PEPSICO INC 2.5 %
BANK OF AMERICA CORP 2.4 %
PHILIP MORRIS INTERNATIONAL 2.3 %
WELLS FARGO & CO 2.0 %
Sector Breakdown
Country Exposure
UNITED STATES 92.8 %
BRITAIN 4.7 %
HONG KONG 0.8 %
IRELAND 0.7 %
DENMARK 0.1 %
Historical Performance


Standardized Annual Returns (as of 04/30/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
13.4% 10.8% 11.2% 0.0% 0.0% 0.0% 11.4%
Market Correlations
versus...BetaR-squared
S&P 5000.8189%
MSCI EAFE0.6142%
MSCI Emg Mkts0.3521%
Liquidity Measures
Avg. volume (000)117
Turnover1.1%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$57,298
Technical Indicators
Recent close$29.35
30d moving avg.$30.09
Annualized volatility10.0%
Relative strength (RSI)39
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  FDVV Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. FDVV
Expenses
vs. FDVV
ALTAR Score™
vs. FDVV
FDRR Fidelity Dividend for Rising Rates 61.1% 0 bp +0.4%
DLN WisdomTree Large Cap Dividend 48.4% -1 bp -0.9%
OYLD Oppenheimer Russell 1000 Yield Factor 45.9% -10 bp -0.7%
DTD WisdomTree Total Dividend 44.6% -1 bp -0.7%
DIVB iShares U.S. Dividend & Buyback 41.6% -4 bp -0.8%
VYM Vanguard High Dividend Yield ETF 40.7% -23 bp -0.3%
DHS WisdomTree Equity Income 39.6% +9 bp 0.0%
OEF iShares S&P 100 38.9% -9 bp -1.9%
SCHV Schwab U.S. Large-Cap Value 38.9% -25 bp -0.4%
IWL iShares Russell Top 200 38.4% -14 bp -1.7%
IWX iShares Russell Top 200 Value 38.2% -9 bp -0.6%
MGC Vanguard Mega Cap 300 ETF 37.7% -22 bp -1.6%
QDEF FlexShares Quality Dividend Defensive 37.3% +8 bp -0.6%
OVOL Oppenheimer Russell 1000 Low Volatility Factor 36.9% -10 bp -1.7%
FNDX Schwab Fundamental Large Cap 36.9% -4 bp -0.7%
QDF FlexShares Quality Dividend 36.6% +8 bp +0.0%
DGRO iShares Core Dividend Growth 36.5% -21 bp -1.1%
EPS WisdomTree Earnings 500 36.4% -1 bp -0.5%
PRF Invesco FTSE-RAFI U.S. 1000 36.3% +10 bp -0.6%
XLG Invesco S&P Top 50 36.0% -9 bp -2.1%

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Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FDVV

7.7%

Cat. Avg

6.0%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.7%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 678 funds in the US Equities category, with an average ALTAR Score™ of 6.0% and a standard deviation of 2.4%. FDVV's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places FDVV in the 77th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
FDVV
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Where to Trade FDVV
Commission
on FDVV1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 357
$1.00 54
$4.95 500
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.