Skip to content
etf.net

Launched · SEC filings

Schwab Fundamental International Large Company Index ETF

FNDFNYSE ArcaSchwabB

$53.92+0.03 (+0.06%)

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

B56/ 100

Rank 14 of 21 in Developed International Core

B56/100Rank 14 of 21inDeveloped International Core
Intraday session: up, 79 prints from 53.89 to 53.92. Range 53.91 to 54.27. Use the arrow keys to read each point.54.0054.1054.2010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$25.8B
1Y total return
+26.7%
Yield · Last 12 months
3.04%
Holdings
901
Avg volume · 30D
1.65M sh
52W range
low $42.96high $56.48
Launched
Filings
SEC EDGAR

The ETF.net FNDF Grade

B

Score 56 out of 100

Category
Developed International Core⁠
Rank
14 of 21
Six-pillar profile for FNDF. Scores out of 100: Cost 23, Risk 64, Mission 100, Tradability 47, Holdings 51, Durability 68. Strongest: Mission (100). Weakest: Cost (23). Leans toward Mission.

Score 56 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.
    F23 out of 100
    Rank 16 of 21

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 18

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B64 out of 100
    Rank 3 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 12 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 12 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 7 of 21

Our read on FNDF

ETF.net Research

In short

BMost developed-international index funds rank companies by market price. FNDF ranks them by fundamental business size and rebalances back to it, a contrarian, value-leaning route through roughly 900 of the same stocks.

Stated mandate

The fund seeks to track, before fees and expenses, an index representing large companies from developed markets outside the United States, weighted according to fundamental size.

Why people hold it

  • Weights companies by fundamental size rather than share price, so each rebalance trims what the market has bid up and tops up what it has marked down.schwabassetmanagement.com
  • Roughly 900 large companies from developed markets outside the US, so the value tilt arrives with broad diversification instead of a narrow bet.
  • Running since 2013 and now a multi-billion-dollar, actively traded fund, with a tight record of doing exactly what its RAFI index mandate says.

Worth knowing

  • At 0.25%, it runs above the developed-international median of 0.18% and well above plain cap-weighted rivals VEA, SCHF and SPDW at 0.03%.
  • Because weights ignore market price, results diverge from cap-weighted developed benchmarks in both directions. The value tilt is the design, not a glitch.schwabassetmanagement.com
  • Distributions land on an annual or semiannual schedule, so the cash flow is lumpier than a monthly payer.

FNDF Holdings

Holdings pillarC51 out of 100Rank 12 of 20 in Developed International Core
Asset class
Stocks
Holdings
901
Top-10 weight
15%
Largest holding
SHEL.L3.1%

Sectors

  • Financials20.4%
  • Industrials13.6%
  • Energy12.2%
  • Technology10.7%
  • Materials10.1%
  • Consumer Discretionary9.7%
  • Consumer Staples6.9%
  • Health Care6.8%
  • Utilities4.4%
  • Communication4.2%
  • Real Estate1.0%

Geography

  • Japan23.47%
  • United Kingdom14.67%
  • Canada9.33%
  • France8.44%
  • Germany7.87%
  • South Korea7.05%
  • Switzerland5.20%
  • Australia4.93%
  • Other countries (18)19.04%

Developed 92% · Emerging 8% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 61.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SHEL.LShell3.10%14,801,297$800M154
2005930.KSSamsung Electronics Ltd2.77%4,123,588$717M182
3TTETotalenergies1.88%5,130,137$485M66
4No dataBp PLC1.32%40,756,682$341M7
57203.TToyota Motor1.09%14,484,628$283M149
6ROP.SWRoche Ps Par AG1.05%556,008$270M203
7BHP.AXBhp Group Ltd1.04%6,651,623$270M154
8HSBA.LHsbc Holdings PLC0.98%14,699,625$254M143
9GLEN.LGlencore PLC0.90%32,684,107$234M96
10SANBanco Santander0.71%15,603,400$183M56
11NOVN.SWNovartis AG0.70%1,122,491$180M189
12BATS.LBritish American Tobacco0.65%2,792,500$169M142
13NESN.SWNestle SA0.64%1,653,258$166M165
14EQNREquinor0.61%3,347,353$157M41
15SU.TOSuncor Energy Inc0.60%1,978,124$154M111

Showing 1–15 of 901 holdings

FNDF 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.

FNDF$12,672
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. FNDF $12,672. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 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 FNDF. Periods over one year show the average yearly return.
PeriodFNDF
Year to date+19.9%
1 month+0.3%
3 months−0.2%
1 year+26.7%
3 yearsper year+24.9%
5 yearsper year+13.7%
10 yearsper year+11.4%

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 FNDF
YearReturn barFNDF
2026 YTD+19.9%
2025+41.0%
2024+2.3%
2023+20.2%
2022−7.8%
2021+15.0%
2020+3.6%

FNDF in the news

FNDF 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.
3.04%Last 12 months
Payout per share
$1.64Last 12 months
Last payment
$0.30 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. 18 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.71; Dec 12, 2018 $0.87; Jun 26, 2019 $0.22; Dec 12, 2019 $0.70; Jun 24, 2020 $0.20; Dec 10, 2020 $0.44; Jun 23, 2021 $0.27; Dec 8, 2021 $0.84; Dec 30, 2021 $0.04; Jun 22, 2022 $0.28; Dec 7, 2022 $0.62; Jun 21, 2023 $0.38; Dec 6, 2023 $0.77; Jun 26, 2024 $0.32; Dec 13, 2024 $1.01; Jun 25, 2025 $0.21; Dec 11, 2025 $1.34; Jun 24, 2026 $0.30. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 29, 2026$0.30
Dec 11, 2025Dec 16, 2025$1.34
Jun 25, 2025Jun 30, 2025$0.21
Dec 13, 2024Dec 18, 2024$1.01
Jun 26, 2024Jul 1, 2024$0.32
Dec 6, 2023Dec 11, 2023$0.77
Jun 21, 2023Jun 26, 2023$0.38
Dec 7, 2022Dec 12, 2022$0.62
Jun 22, 2022Jun 27, 2022$0.28
Dec 30, 2021Jan 4, 2022$0.04
Dec 8, 2021Dec 13, 2021$0.84
Jun 23, 2021Jun 28, 2021$0.27

See all 22 payments⁠

$10,000 in FNDF 10 years ago paid $4,138 in dividends.⁠

FNDF Risk

Risk pillarB64 out of 100Rank 3 of 21 in Developed International Core
How much the fund’s monthly returns vary, scaled to a year.
12.4%
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.
1.50
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.
−25.6%
Trough Sep 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.
0.97
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.

FNDF Cost

Compare FNDF and VEA

Overpaying vs VEA, tied cheapest in Developed International Core

$4,521

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

  • FNDF 0.25%

    $5,159

  • VEA 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FNDF 0.25%
  • VEA 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FNDF $5,159VEA $638

Year by year

YearFNDFVEAOverpaying
10$455$55$400
20$1,769$216$1,553
30$5,159$638$4,521

Other funds in Developed International Core

See others