Fidelity International High Dividend ETF

Fidelity International High Dividend ETF (FIDI) tracks a Fidelity-built index of about 100 large and mid-sized dividend-paying companies in developed markets outside the US. The index scores stocks on high yield, a low payout ratio and dividend growth, and it gives higher-yielding sectors extra weight. FIDI yielded 4.27% as of October 27, 2026. It charges 0.18% a year, which is below the 0.27% average for similar funds but above some much larger rivals.

• Over the year to Oct 27, 2026, FIDI returned +21.3%, 3rd of 8 among similar funds.
• Its 5-year annualized return was +11.8%.
• In the 2020 COVID crash it fell 40.8% and regained its old high 11.9 months after the low.
• Its worst full calendar year was 2020 (-11.7%); its best was 2025 (+39.4%).
• The deepest fall in its price history was 46.3% (Jan 26, 2018 to Mar 16, 2020), recovered by Jan 13, 2022.

As of Jul 31, 2026, the fund held 103 securities; the ten largest made up 27.51% of assets.

• Over the three months to Jul 31, 2026, investors added a net $30.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.17%, -1.63%, +6.78%.

FIDI tracks the Fidelity International High Dividend Index, a rules-based index Fidelity designed, and aims to match its returns before fees. The fund normally keeps at least 80% of assets in index stocks or depositary receipts (certificates that stand in for foreign shares). The index holds large and mid-sized companies in developed markets outside the US that pay high dividends and are expected to keep growing them.

The index sorts stocks into groups by country and sector. In each group, it scores stocks on high dividend yield, low payout ratio (the share of profits paid as dividends) and strong dividend growth, adjusting scores so company size doesn't tilt results. Top scorers make the cut. Weights follow market value, plus an equal top-up for every stock in the group. Higher-yielding sectors get more weight than in the broad developed international market; lower-yielding sectors get less. Country weights stay near the broad market's.

The fund is passive: it follows the index regardless of outlook. It may use derivatives, contracts whose value tracks other assets; as of July 31, 2026, MSCI EAFE index futures made up about 0.01% of assets. It also lends securities for extra income, with the risk that a borrower fails to return them. Portfolio turnover of 58% means a year's trades equaled more than half the portfolio's value.

• FIDI charges 0.18% a year, versus an average of 0.27% for the similar funds below (4th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $18 in the first year and $230 over 10 years (assuming a 5% annual return).

FIDI's main appeal is quarterly dividend income from companies outside the US, which had a trailing yield of 4.27% as of October 27, 2026, at a cost of 0.18% a year.

FIDI could add dividend income from outside the US to a portfolio. Its yield over the trailing 12 months was 4.27% as of October 27, 2026. It pays quarterly and charges 0.18% a year. The trade-off has been deep losses. The fund launched in 2018, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 40.8% between February 19 and March 16, 2020, and took about 12 months to recover. In the 2022 bear market it dropped 26% and needed about 14 months to recover. Its deepest decline was 46.3%, from January 2018 to March 2020, and recovering took nearly 22 months. Its worst calendar year was 2020, a loss of 11.65%. Anyone forced to sell shares during a slump like these would lock in losses, and companies under strain can cut their dividends. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.