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Launched · SEC filings

Fidelity Emerging Markets Multifactor ETF

FDEMCboeFidelityA

$33.50+0.11 (+0.33%)

At close: Nov 2, 2026, 4:00 PM ET

A70/ 100

Rank 3 of 20 in Emerging Markets Multifactor

A70/100Rank 3 of 20inEmerging Markets Multifactor
Intraday session: up, 79 prints from 33.39 to 33.50. Range 33.43 to 34.00. Use the arrow keys to read each point.33.6033.7033.8033.9034.0010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$591M
1Y total return
+12.2%
Yield · Last 12 months
3.49%
Holdings
229
Avg volume · 30D
87.5K sh
52W range
low $29.57high $38.32
Launched
Filings
SEC EDGAR

The ETF.net FDEM Grade

Based on 5 of 6 pillars

A

Score 70 out of 100

Category
Emerging Markets Multifactor⁠
Rank
3 of 20
Six-pillar profile for FDEM. Scores out of 100: Cost 92, Risk 56, Mission not scored, Tradability 65, Holdings 42, Durability 65. Strongest: Cost (92). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 70 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A92 out of 100
    Rank 2 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 7 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 6 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 16 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 7 of 20

Our read on FDEM

ETF.net Research

In short

AValue, quality, momentum and low-volatility screens run across emerging markets stocks, plus an unusual extra filter: a tilt toward names less correlated with US equities. Fidelity's in-house index, priced under the category median.

Stated mandate

The fund seeks to track, before fees and expenses, the Fidelity Emerging Markets Multifactor Index.

Why people hold it

  • Four factor screens (value, quality, momentum, lower volatility) and then a twist most multifactor rivals skip: the index also leans toward stocks with lower correlation to the US market.sec.gov
  • At 0.25% a year, it undercuts the typical fund in the international multifactor group, where the median sits at 0.38%.
  • Rules over hunches: normally at least 80% of assets sit in index securities, so the screens drive the portfolio. Live since 2019, with distributions paid quarterly.sec.gov

Worth knowing

  • Selective by design: a couple hundred large- and mid-cap names, not the full emerging markets universe, so results diverge from plain market-cap EM index funds.sec.gov
  • Emerging markets carry currency, political and regulatory risk. A low-volatility screen aims to soften the ride relative to the broad EM market, not to remove the risk.sec.gov
  • Volume is moderate rather than heavy for the category, so spreads deserve a look on larger orders. The developed-market sibling FDEV runs cheaper at 0.18%.

FDEM Holdings

Holdings pillarC42 out of 100Rank 16 of 20 in Emerging Markets Multifactor
Asset class
Stocks
Holdings
229
Top-10 weight
35%
Largest holding
2330.TW12.6%

Sectors

  • Technology39.0%
  • Financials14.4%
  • Consumer Discretionary12.2%
  • Energy8.2%
  • Materials8.2%
  • Health Care7.5%
  • Real Estate5.3%
  • Industrials3.1%
  • Communication2.1%

Geography

  • Taiwan27.98%
  • China19.98%
  • South Korea16.52%
  • India11.47%
  • Brazil4.07%
  • South Africa3.76%
  • Mexico3.33%
  • Thailand3.26%
  • Other countries (11)9.65%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 16.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
12330.TWTaiwan Semiconductor Mfg Co Lt12.64%860,000$63.7M176
2005930.KSSamsung Electronics Co Ltd6.73%195,516$33.9M182
3000660.KSSk Hynix Inc4.29%18,964$21.7M186
41209.HKChina Resources Mixc Lifestyle1.85%1,914,200$9.34M69
5EMAARDEV.AEEmaar Development Pjsc1.67%2,567,057$8.43M79
6FUNO11.MXFibra Uno Administracion SA1.64%4,622,400$8.26M75
7PETR4.SAPetroleo Brasileiro SA - Petro1.59%826,800$8M91
82454.TWMedia Tek Inc1.48%60,000$7.45M169
9BH-R.BKBumrungrad Hospital PLC Nvdr1.46%1,268,400$7.38M60
102359.HKWuxi Apptec Co Ltd H1.36%281,400$6.85M99
11AUROPHARMA.BOAurobindo Pharmaceuticals Ltd1.16%336,785$5.87M33
12SUNPHARMA.BOSun Pharma Ind Ltd(Demat)1.13%308,999$5.71M37
130857.HKPetrochina Co Ltd H1.12%4,324,000$5.64M96
141099.HKSinopharm Group Co Ltd H1.11%2,758,000$5.6M73
15SOL.JOSasol Ltd1.10%321,223$5.53M70

Showing 1–15 of 229 holdings

FDEM Performance

Launched Feb 26, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FDEM$11,223
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FDEM $11,223. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDEM. Periods over one year show the average yearly return.
PeriodFDEM
Year to date+11.0%
1 month−6.0%
3 months−3.1%
1 year+12.2%
3 yearsper year+20.0%
5 yearsper year+9.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDEM
YearReturn barFDEM
2026 YTD+11.0%
2025+26.8%
2024+9.3%
2023+17.3%
2022−13.1%
2021−3.5%
2020+8.9%

FDEM in the news

FDEM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.49%Last 12 months
Payout per share
$1.17Last 12 months
Last payment
$0.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 32 payments from 2019 to 2026 YTD. Jun 21, 2019 $0.23; Sep 20, 2019 $0.23; Dec 20, 2019 $0.14; Mar 20, 2020 $0.11; Jun 19, 2020 $0.19; Sep 18, 2020 $0.11; Dec 18, 2020 $0.10; Mar 19, 2021 $0.09; Jun 18, 2021 $0.27; Sep 17, 2021 $0.18; Dec 17, 2021 $0.16; Dec 30, 2021 $0.007; Mar 18, 2022 $0.10; Jun 17, 2022 $0.37; Sep 16, 2022 $0.25; Dec 16, 2022 $0.12; Mar 17, 2023 $0.11; Jun 16, 2023 $0.39; Sep 15, 2023 $0.42; Dec 15, 2023 $0.12; Dec 28, 2023 $0.02; Mar 15, 2024 $0.12; Jun 21, 2024 $0.36; Sep 20, 2024 $0.24; Dec 20, 2024 $0.31; Mar 21, 2025 $0.15; Jun 20, 2025 $0.34; Sep 19, 2025 $0.28; Dec 19, 2025 $0.23; Mar 20, 2026 $0.16; Jun 18, 2026 $0.40; Sep 18, 2026 $0.38. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.38
Jun 18, 2026Jun 23, 2026$0.40
Mar 20, 2026Mar 24, 2026$0.16
Dec 19, 2025Dec 23, 2025$0.23
Sep 19, 2025Sep 23, 2025$0.28
Jun 20, 2025Jun 24, 2025$0.34
Mar 21, 2025Mar 25, 2025$0.15
Dec 20, 2024Dec 24, 2024$0.31
Sep 20, 2024Sep 24, 2024$0.24
Jun 21, 2024Jun 25, 2024$0.36
Mar 15, 2024Mar 20, 2024$0.12
Dec 28, 2023Jan 3, 2024$0.02

See all 33 payments⁠

$10,000 in FDEM 5 years ago paid $1,932 in dividends.⁠

FDEM Risk

Risk pillarB56 out of 100Rank 7 of 19 in Emerging Markets Multifactor
How much the fund’s monthly returns vary, scaled to a year.
13.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.08
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.2%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDEM Cost

Compare FDEM and QLVE

Overpaying vs QLVE, cheapest in Emerging Markets Multifactor

$1,410

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDEM 0.25%

    $5,159

  • QLVE 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • FDEM 0.25%
  • QLVE 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FDEM $5,159QLVE $3,749

Year by year

YearFDEMQLVEOverpaying
10$455$328$127
20$1,769$1,281$488
30$5,159$3,749$1,410

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