Fidelity Emerging Markets Multifactor ETF
$36.10−0.51 (−1.38%)
- Expense ratio
- 0.25%
- Fund size
- $601M
- 1Y return
- +24.5%
- Yield · Last 12 months
- 3.18%
- Holdings
- 232
- Volume · 30D
- 0.1M sh
- NAV per share
- $36.10
- 52W range
The ETF.net FDEM Grade
Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 92Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 43Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on FDEM
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.
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
- Stocks
- 232
- 35%
- 2330.TW
Sectors
- Technology37.2%
- Financials15.8%
- Consumer Discr.11.6%
- Materials10.6%
- Health Care7.1%
- Energy6.9%
- Real Estate5.1%
- Industrials4.1%
- Communication1.7%
Geography
- Taiwan26.65%
- China16.74%
- South Korea16.27%
- India10.92%
- Brazil4.11%
- South Africa3.48%
- Mexico3.08%
- Hong Kong3.04%
- 15.70%
Developed 4% · Emerging 96%
FDEM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FDEM |
|---|---|
| Year to date | +21.7% |
| 1 month | +2.5% |
| 3 months | −2.1% |
| 1 year | +24.5% |
| 3 years | +21.9% |
| 5 years | +11.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDEM |
|---|---|---|
| 2026 YTD | +21.7% | |
| 2025 | +26.8% | |
| 2024 | +9.3% | |
| 2023 | +17.3% | |
| 2022 | −13.1% | |
| 2021 | −3.5% | |
| 2020 | +8.9% |
FDEM in the news
ETF.net Research hasn’t filed on FDEM yet — coverage lands here as it’s written.
FDEM Dividends
- 3.18%
- $1.17
- $0.38 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.38 |
| Jun 18, 2026 | Jun 23, 2026 | $0.40 |
| Mar 20, 2026 | Mar 24, 2026 | $0.16 |
| Dec 19, 2025 | Dec 23, 2025 | $0.23 |
| Sep 19, 2025 | Sep 23, 2025 | $0.28 |
| Jun 20, 2025 | Jun 24, 2025 | $0.34 |
| Mar 21, 2025 | Mar 25, 2025 | $0.15 |
| Dec 20, 2024 | Dec 24, 2024 | $0.31 |
| Sep 20, 2024 | Sep 24, 2024 | $0.24 |
| Jun 21, 2024 | Jun 25, 2024 | $0.36 |
| Mar 15, 2024 | Mar 20, 2024 | $0.12 |
| Dec 28, 2023 | Jan 3, 2024 | $0.02 |
FDEM Risk
- 13.4%
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.
- 1.16
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.
- −24.3%
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.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FDEM Cost
- The middle half of Emerging Markets Multifactor funds
- Median 0.47%
1 of the 20 Emerging Markets Multifactor funds charge less.