FDEM

📎 Investment Objective

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

✨ Key Features

• Broad exposure to emerging market stocks across multiple sectors and countries
• Utilizes a multifactor approach to security selection, targeting stocks with attractive value, momentum, quality, and low volatility characteristics
• Aims to provide the potential for enhanced returns and lower volatility compared to a traditional emerging markets index
• Relatively low expense ratio of 0.00%

⚠️ Primary Risks

• Emerging markets risk: Investing in emerging market countries may involve greater volatility and less liquidity compared to developed markets
• Currency risk: The fund's returns could be reduced by fluctuations in the values of the local currencies relative to the U.S. dollar
• Multifactor investing risk: The fund's multifactor approach may not produce the intended results, and the factors may not perform as expected
• Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

The Fidelity Emerging Markets Multifactor ETF may be suitable for long-term investors seeking broad exposure to emerging market equities with the potential for enhanced returns and lower volatility compared to a traditional emerging markets index. This fund may be appropriate as a core or satellite holding in a diversified portfolio.