FIDUSDRP Fidelity Dividend Index for Rising Rates Index
The Index starts with the top 1000 U.S. stocks by market capitalization. The Index then scores those stocks using a composite scoring system: 1) Dividend Yield: Trailing dividend over last twelve months over price per share; 2) Payout Ratio: Trailing dividends over last twelve months over earnings per share; 3) Dividend Growth: Trailing dividends over last twelve months over trailing dividends from one year ago; 4) Correlation to 10-year Treasury Yields: Correlation of weekly changes in the 10-year treasury yield with weekly stock return. Each of the four factors is given a different weight in the composite score: dividend yield: 63%, payout ratio: 13.5%, dividend growth: 13.5%, and correlation to 10 year treasury yields: 10%. The index ends up selecting about 100 stocks by first eliminating any stocks that don't pay a dividend and then eliminating the top 5% of stocks with the highest dividend payout ratio. The index then uses a complex system to select the top scoring stocks in each sector.
213.23
As of 09/11/2017
Index Information
Provider: Fidelity
Category1: US Equity
Category2: Broad market
Category3: Large and mid cap
Country: USA
Currency: USD
Inception date: 08/01/2016
Backtesting data exists: Yes
Weighting methodology: Composite scores
Methdology guide: Read PDF
Number of holdings: 100
Total return version: FIDUSDRT
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