Schwab Fundamental Emerging Markets Large Company Index ETF
$43.02+0.15 (+0.35%)
- 0.39%
- $10.5B
- +28.3%
- 3.47%
- 1.3M sh
- $42.80
- low $34.99high $43.18
The ETF.net FNDE Grade
B
Score 65 out of 100
- 2 of 10
Score 65 of 100 falls in the B 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.B62 out of 100Rank 4 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 1 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 2 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 1 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 6 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 2 of 10
Our read on FNDE
BMost emerging-markets funds size a position by its market price. FNDE sizes it by the business behind it, weighting large EM companies on fundamental measures instead of market cap. Schwab has run this value-leaning version since 2013.
The fund seeks to track, before fees and expenses, an index of large companies in emerging-market countries selected and weighted according to fundamental size measures.
Why people hold it
- Weights by fundamental size, not market cap, so a company's slot reflects its business footprint rather than what the market is currently paying for it. The value tilt is advertised, not accidental.schwabassetmanagement.com
- At 0.39%, the fee sits under the 0.49% typical for emerging-markets ETFs. Rules-based weighting at an index-fund price.
- A multi-billion-dollar fund that trades actively, and it has hugged its RAFI index closely. Two things that often go missing in EM, where thin books and tracking slippage are common.
- Live since 2013, with a full market cycle of history behind the method. Among the strongest implementations in a crowded emerging-markets field.
Worth knowing
- Plain cap-weighted EM exposure costs less: VEXC at 0.07%, BKEM at 0.11%, XCEM at 0.16%. You are paying for the fundamental weighting.
- Large companies only, about 400 of them, screened for liquidity. Narrower than total-market EM funds that reach into small caps.
- A value tilt means results will separate from cap-weighted EM benchmarks in both directions. Distributions land once or twice a year, not monthly.
FNDE Holdings
- Stocks
- 370
- 27%
- 2330.TW
Sectors
- Financials25.7%
- Technology20.8%
- Energy14.6%
- Materials11.6%
- Consumer Discretionary9.4%
- Communication6.0%
- Industrials4.8%
- Consumer Staples3.0%
- Utilities2.4%
- Real Estate1.4%
- Health Care0.4%
Geography
- China29.14%
- Taiwan24.53%
- Brazil14.17%
- India8.98%
- South Africa4.25%
- Mexico3.16%
- Hong Kong2.94%
- Thailand2.93%
- 9.89%
Developed 4% · Emerging 96%
FNDE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FNDE$12,834
Returns run to the Oct 12, 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 | FNDE |
|---|---|
| Year to date | +19.4% |
| 1 month | +0.5% |
| 3 months | +5.8% |
| 1 year | +28.3% |
| 3 years | +23.1% |
| 5 years | +10.5% |
| 10 years | +10.0% |
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 | FNDE |
|---|---|---|
| 2026 YTD | +19.4% | |
| 2025 | +29.5% | |
| 2024 | +12.1% | |
| 2023 | +15.0% | |
| 2022 | −15.5% | |
| 2021 | +14.4% | |
| 2020 | −2.8% |
FNDE in the news
Category Review
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FNDE Dividends
- 3.47%
- $1.49
- $0.19 per share
- Twice a year
Distribution history
FNDE Risk
- 11.1%
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.
- 1.47
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.
- −29.4%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FNDE Cost
0.39%
FNDE0.39%
- The middle half of Emerging Markets Factor Index funds
- Median 0.45%
3 of the 10 Emerging Markets Factor Index funds charge less.
Other funds in Emerging Markets Factor Index
- AEEMViShares MSCI Emerging Markets Min Vol Factor ETFExpense ratio 0.25%1 year return +20.0%
- BEELVInvesco S&P Emerging Markets Low Volatility ETFExpense ratio 0.29%1 year return +12.7%
- BPXHInvesco RAFI Emerging Markets ETFExpense ratio 0.47%1 year return +26.6%
- CBLESInspire Global Hope ETFExpense ratio 0.60%1 year return +16.7%
- CEEMOInvesco S&P Emerging Markets Momentum ETFExpense ratio 0.29%1 year return +32.4%