The issuer of the Fidelity Digital Health ETF (FDHT) is Fidelity Investments, a well-established and reputable financial services company. FDHT is an exchange-traded fund that primarily invests at least 80% of its assets in securities included in the Fidelity Digital Health IndexSM. This index is designed to track the performance of global companies across various market capitalizations that are involved in healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services. Fidelity Investments manages FDHT, utilizing its expertise in asset management to provide investors with exposure to the innovative digital health sector while also lending securities to earn income for the fund.
The First Dividend High-Yield Treasury ETF (FDHT) follows a unique dividend distribution approach due to its focus on U.S. Treasury securities. While traditional stocks pay dividends, FDHT provides income to its investors through the periodic interest payments from the Treasury bonds it holds. These distributions typically occur semi-annually, reflecting the Treasury's interest payment schedule. FDHT offers a stable source of income to investors seeking safety and reliability in their dividend investments, making it a valuable addition to income-focused portfolios.
The Fidelity Digital Health ETF (FDHT) primarily tracks the Fidelity Digital Health IndexSM, which is composed of companies from various market capitalization tiers involved in healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-driven healthcare products and services. FDHT aims to maintain at least 80% of its assets in securities within the index and depositary receipts representing those securities. By doing so, it offers investors a convenient way to gain exposure to the growing digital health sector while seeking to replicate the index's performance. Additionally, the fund generates income by lending securities from its portfolio.
The correlation aspect of the Fidelity Digital Health ETF (FDHT) is known for its strong ties to the performance of companies involved in the digital health industry. FDHT primarily invests in securities related to healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services. Therefore, its correlation with the overall healthcare sector and the technology sector is notable. Investors often analyze FDHT's correlation with these sectors to gauge its performance and its potential as a tool for exposure to the digital health market.
The Fidelity Digital Health ETF (FDHT) primarily focuses on the digital health sector, investing at least 80% of its assets in securities included in the Fidelity Digital Health IndexSM and depositary receipts representing these securities. The index is designed to track the performance of companies worldwide that operate in various aspects of healthcare technology, such as healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services. This sector-specific ETF offers investors exposure to the rapidly evolving field of digital health, which is poised for significant growth as technological advancements continue to reshape the healthcare industry.
The exposure characteristic of the FDHT ETF is centered around tracking the Nasdaq Victory International 500 Volatility Weighted Index. This index, maintained by Nasdaq, combines fundamental criteria with individual security risk control through volatility weighting. It begins with all publicly traded foreign companies and screens for those with positive earnings over the last twelve months, ultimately selecting the 500 largest foreign companies by market capitalization. These stocks are then weighted based on their daily standard deviation, with lower volatility stocks receiving higher weightings. FDHT provides exposure to developed markets, excluding the U.S. and emerging markets, while limiting exposure to any single country to 20% and any sector to 25%. For a deeper understanding of FDHT's exposure and its correlation with other ETFs, investors can utilize ETF Insider's web app and visualization tools.
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