FFDI

📎 Investment Objective

The Fidelity Fundamental Developed International ETF (FFDI) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Developed Markets Factor Weighted Index, which is designed to provide exposure to large and mid-cap stocks in developed international markets.

✨ Key Features

• Broad exposure to large and mid-cap stocks in developed international markets
• Utilizes a factor-based weighting methodology to emphasize stocks with attractive fundamental characteristics
• Passively managed index-tracking strategy with low expense ratio
• Diversified portfolio across multiple developed international countries and sectors

⚠️ 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 factor-based strategy underperforms
• Concentration risk, as the fund may have significant exposure to certain countries or sectors
• Liquidity risk, as the fund may invest in less liquid international securities

👤 Best For

The Fidelity Fundamental Developed International ETF may be suitable for long-term investors seeking broad exposure to developed international equities with a focus on fundamental factors. It may be particularly appealing to investors who want to diversify their portfolio beyond the U.S. market and are comfortable with the risks associated with international investing.