FDEMFidelity Emerging Markets Multifactor ETF

Grow my money7y track recordRanked #480 of 2,960 in this goal

Seeks to provide investment returns that correspond to the performance of the Fidelity Emerging Markets Multifactor Index.

By Fidelity Investments · Launched 2019

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$608M

#1,424 of 5,562 · large

Return (1Y)Goal

+43.1%

Track Record

7 years

#1,870 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$14,298+43.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Emerging markets

Cap

Multi cap

Strategy

Index tracking

Factor

Multifactor

Index tracked

Fidelity Emerging Markets Multifactor Index

What it actually holds

By weight

Concentration

Top 10 holdings = 33.8% of fund✓ well diversified

TAIWAN SEMICONDUCTOR MFG CO LTD

10.3%

SAMSUNG ELECTRONICS CO LTD

4.6%

TENCENT HLDGS LTD

4.5%

ALIBABA GROUP HOLDING LTD

3.6%

SK HYNIX INC

2.6%

CHINA RESOURCES MIXC LIFESTYLE SERVICES LTD

2.3%

EMAAR DEVELOPMENT PJSC

2.0%

FIBRA UNO ADMINISTRACION SA DE

1.6%

PETROLEO BRASILEIRO-PETROBRAS

1.2%

PETROCHINA CO LTD

1.1%

Asset allocation

Stocks

98.9%

Cash

2.6%

By sector

Technology

38.5%

Financial Services

15.0%

Consumer Cyclical

11.5%

Communication

9.6%

Energy

7.3%

Consumer Defensive

6.5%

Real Estate

4.6%

Industrials

4.3%

Other

2.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

19.2%Moderate

Year-on-year price swings

Max drawdown

-33.6%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.12Strong risk-adjusted returns

Sortino (3Y)

1.65Good downside protection

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to provide investment returns that correspond to the performance of the Fidelity Emerging Markets Multifactor Index.
Strategy: Invests primarily in securities included in the Fidelity Emerging Markets Multifactor Index, which reflects large- and mid-cap emerging markets companies with attractive valuations, high quality profiles, positive momentum, lower volatility, and lower correlation to U.S. equities. Stocks are selected based on a composite score from four factors: valuation, quality, momentum, and volatility, with weights adjusted for sector correlation to U.S. large caps.
Inception date: February 26, 2019
Fund family: Fidelity Investments