What Is FCUH?
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. High Dividend Currency Neutral Index (the “Index”). The ETF normally holds securities of Fidelity U.S. High Dividend ETF (the “underlying ETF”). The underlying ETF invests primarily in dividend-paying equity securities of U.S. companies. The ETF uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars. The Index is designed to reflect the performance of stocks of large- and mid-capitalization dividend-paying U.S. companies.
Set it, forget it, let compounding do the heavy lifting. 💪