FDVV

The Fidelity High Dividend ETF (FDVV) invests primarily in U.S. large‑ and mid‑cap equity securities that exhibit strong dividend characteristics, selecting stocks based on yield, payout ratio and dividend growth. It tracks the Fidelity High Dividend Index, which applies a smart‑beta approach that screens for high‑yielding companies and then tilts sector weights toward the highest‑yielding segments—often resulting in notable exposure to information technology, financials, consumer staples and other dividend‑heavy sectors. The fund’s construction emphasizes sustainable dividend income while maintaining diversified exposure to the broader U.S. equity market. This ETF is well‑suited for investors seeking regular dividend cash flow, such as retirees or income‑focused portfolios, who also want the liquidity and diversification benefits of an exchange‑traded fund.