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Launched · SEC filings

Schwab Fundamental Emerging Markets Large Company Index ETF

FNDENYSE ArcaSchwabB

$40.63+0.06 (+0.15%)

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

B64/ 100

Rank 3 of 10 in Emerging Markets Factor Index

B64/100Rank 3 of 10inEmerging Markets Factor Index
Intraday session: up, 79 prints from 40.57 to 40.63. Range 40.61 to 41.07. Use the arrow keys to read each point.40.7040.8040.9041.0041.1010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$9.97B
1Y total return
+14.4%
Yield · Last 12 months
3.66%
Holdings
370
Avg volume · 30D
1.53M sh
52W range
low $34.99high $43.18
Launched
Filings
SEC EDGAR

The ETF.net FNDE Grade

B

Score 64 out of 100

Category
Emerging Markets Factor Index⁠
Rank
3 of 10
Six-pillar profile for FNDE. Scores out of 100: Cost 62, Risk 61, Mission 96, Tradability 74, Holdings 54, Durability 79. Strongest: Mission (96). Weakest: Holdings (54). Leans toward Mission.

Score 64 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 100
    Rank 4 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 1 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 4 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 3 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 6 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 2 of 10

Our read on FNDE

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Aug 15, 2013

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

FNDE$11,442
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. FNDE $11,442. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 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 FNDE. Periods over one year show the average yearly return.
PeriodFNDE
Year to date+13.0%
1 month−3.1%
3 months−1.7%
1 year+14.4%
3 yearsper year+22.3%
5 yearsper year+9.6%
10 yearsper year+9.1%

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 FNDE
YearReturn barFNDE
2026 YTD+13.0%
2025+29.5%
2024+12.1%
2023+15.0%
2022−15.5%
2021+14.4%
2020−2.8%

FNDE in the news

FNDE 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.
3.66%Last 12 months
Payout per share
$1.49Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.60; Dec 27, 2017 $0.01; Dec 12, 2018 $0.77; Dec 28, 2018 $0.02; Jun 26, 2019 $0.19; Dec 12, 2019 $0.85; Jun 24, 2020 $0.15; Dec 10, 2020 $0.56; Jun 23, 2021 $0.19; Dec 8, 2021 $1.13; Dec 30, 2021 $0.02; Jun 22, 2022 $0.26; Dec 7, 2022 $1.12; Jun 21, 2023 $0.27; Dec 6, 2023 $1.02; Jun 26, 2024 $0.23; Dec 13, 2024 $1.17; Jun 25, 2025 $0.21; Dec 11, 2025 $1.30; Jun 24, 2026 $0.19. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 29, 2026$0.19
Dec 11, 2025Dec 16, 2025$1.30
Jun 25, 2025Jun 30, 2025$0.21
Dec 13, 2024Dec 18, 2024$1.17
Jun 26, 2024Jul 1, 2024$0.23
Dec 6, 2023Dec 11, 2023$1.02
Jun 21, 2023Jun 26, 2023$0.27
Dec 7, 2022Dec 12, 2022$1.12
Jun 22, 2022Jun 27, 2022$0.26
Dec 30, 2021Jan 4, 2022$0.02
Dec 8, 2021Dec 13, 2021$1.13
Jun 23, 2021Jun 28, 2021$0.19

See all 25 payments⁠

$10,000 in FNDE 10 years ago paid $4,484 in dividends.⁠

FNDE Risk

Risk pillarB61 out of 100Rank 4 of 10 in Emerging Markets Factor Index
How much the fund’s monthly returns vary, scaled to a year.
11.0%
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.
1.49
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.
−29.4%
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.
0.80
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.

FNDE Cost

Compare FNDE and EEMV

Overpaying vs EEMV, cheapest in Emerging Markets Factor Index

$2,739

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

  • FNDE 0.39%

    $7,898

  • EEMV 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FNDE 0.39%
  • EEMV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FNDE $7,898EEMV $5,159

Year by year

YearFNDEEEMVOverpaying
10$705$455$250
20$2,725$1,769$956
30$7,898$5,159$2,739

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