FDEV

Fidelity International Multifactor ETF

$33.62

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Fidelity International Multifactor ETF (FDEV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity International Multifactor Index.

Overview

ETF tracking Fidelity International Multifactor ETF

Category International

Issuer Other

Inception Date 2019-02-28

Market Cap $195.0M

Average Volume N/A

Dividend Yield 2.58%

52-Week Range $26.86 - $33.90

VWAP $33.71

Performance

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Investment Summary

📎 Investment Objective

The Fidelity International Multifactor ETF (FDEV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity International Multifactor Index.

🎯 Investment Strategy

The ETF employs a multifactor approach, investing in a diversified portfolio of international stocks that exhibit certain factors such as low valuation, high quality, and positive momentum. The fund's holdings are weighted based on these factor exposures in an effort to outperform the broader international equity market.

✨ Key Features

Broad exposure to international developed market equities
Utilizes a multifactor investment strategy to target stocks with attractive valuation, quality, and momentum characteristics
Passively managed to track the Fidelity International Multifactor Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Exposure to international markets, which may be subject to greater volatility and political, economic, and currency risks
Potential underperformance relative to the broader international equity market if the multifactor strategy does not produce the expected results
Liquidity risk due to the fund's relatively small asset base
Tracking error risk as the fund may not perfectly replicate the performance of its underlying index

👤 Best For

The Fidelity International Multifactor ETF may be suitable for long-term investors seeking broad exposure to international developed market equities with the potential for enhanced returns through a multifactor investment approach. This ETF may be appropriate as a core international equity holding within a diversified portfolio.