Fidelity International High Dividend
ALTAR
Score™
10.2% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.5x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Fidelity International High Dividend ETF is an exchange-traded fund incorporated in the USA. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International High Dividend I

FUND BASICS
Category International Equities
Fund Sponsor Fidelity
Website screener.fidelity.com
Inception date Jan 16, 2018
Assets (mns) $44
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 97
Wgt avg mkt cap (mns) $55,704
Large cap (>$10bn) 81.9%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SSE PLC 3.3 %
TOYOTA MOTOR CORP 2.9 %
ROYAL DUTCH SHELL PLC-B SHS 2.5 %
VODAFONE GROUP PLC 2.4 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.3 %
NTT DOCOMO, INC. 2.2 %
WPP PLC 2.2 %
AGL ENERGY LTD 2.2 %
SEKISUI HOUSE LTD 2.2 %
WESFARMERS LIMITED 2.1 %
Total 24.3 %

TOP COUNTRY EXPOSURE
JAPAN 23.4 %
BRITAIN 22.3 %
CANADA 9.5 %
FRANCE 9.0 %
AUSTRALIA 8.0 %
SINGAPORE 3.3 %
GERMANY 3.2 %
ITALY 3.2 %
NETHERLANDS 3.2 %
SWITZERLAND 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.3% 6.3% -- -- -5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.76 63%
MSCI EAFE 1.06 92%
MSCI Emg. Mkts. 0.83 78%

Technical Indicators
Recent close $21.08
30d moving avg. $20.99
Annualized volatility 14.3%
Short interest (ETF) 0.5%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.6%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $10,397

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Fidelity International High Dividend ETF based on the alternatives' overlap in portfolio holdings with FIDI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIDI Expense: 39 bp ALTAR Score™: 10.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIDI
Ticker Fund
Name
Overlap1
vs FIDI
(%)
Expense
ratio
(bp)
Savings
vs FIDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIDI
(%)
EFV iShares MSCI EAFE Value 30.1 38 1 9.1 -1.1
DOL WisdomTree Int'l Large Cap Dividend 29.9 48 -9 7.8 -2.4
DTH WisdomTree DEFA Equity Income 27.5 58 -19 8.6 -1.6
CID Victory CEMP International High Div Volatility Wtd 27.5 45 -6 9.0 -1.2
DOO WisdomTree Int'l Dividend Ex-Financials 26.8 58 -19 8.1 -2.1
IDY Pacific Global International Equity Income 25.7 39 0 8.2 -2.0
PXF Invesco FTSE-RAFI Developed ex-US 25.2 45 -6 8.2 -2.0
FNDF Schwab Fundamental Intl Large Cap 24.8 25 14 7.6 -2.6
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 24.8 35 4 7.9 -2.3
DWM WisdomTree DEFA Fund 24.1 48 -9 7.7 -2.5
VYMI Vanguard Int'l High Dividend Yield 23.9 32 7 9.3 -0.9
REFA Invesco International Revenue ETF 23.9 42 -3 8.9 -1.3
IDOG ALPS International Sector Dividend Dogs 23.8 50 -11 7.5 -2.7
IQIN IQ 500 International 23.7 25 14 8.5 -1.7
IVLU iShares MSCI Int'l Developed Value Factor 23.2 30 9 10.5 +0.3
DMDV AAM S&P Developed Markets High Dividend Value 23.0 39 0 10.3 +0.1
FIVA Fidelity International Value Factor 22.3 39 0 9.5 -0.7
LVHI Legg Mason International Low Volatility High Dividend 21.1 40 -1 9.2 -1.0
IDV iShares DJ Int'l Select Dividend 20.7 49 -10 8.6 -1.6
JHMD John Hancock Multifactor Developed International 20.6 45 -6 7.3 -2.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity International High Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.63
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.