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Fidelity® Emerging Markets Multifactor ETF (FDEM)
Look-through valuation · Style & factor · Expense ratio 0.25 % · ISIN US3160925430
Price history (since 2019)
Monthly close since 2019. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | 12.5 % | −41.9 % | 75 |
| Samsung Electronics Co Ltd SSNLF | 6.7 % | n/a | n/a |
| SK Hynix Inc 000660 | 4.6 % | −36.9 % | 67 |
| Tencent Holdings Ltd 0700 | 3.0 % | n/a | n/a |
| TRUST FIBRA UNO MXCFFU000001 | 1.7 % | n/a | n/a |
| Orion Corp 271560 | 1.6 % | +55.8 % | 63 |
| China Resources Mixc Lifestyle Serv 1209 | 1.6 % | −11.1 % | 70 |
| Kimberly-Clark de México S. A. B. de C. V KIMBERA | 1.5 % | n/a | n/a |
| MediaTek Inc 2454 | 1.4 % | −64.9 % | 74 |
| Petróleo Brasileiro S.A. - Petrobras PETR4 | 1.3 % | n/a | n/a |
| Britannia Industries Limited BRITANNIA | 1.3 % | −65.3 % | 68 |
| Inner Mongolia Yitai Coal Co Ltd 900948 | 1.2 % | −12.4 % | 63 |
| PetroChina Company Limited 0857 | 1.2 % | n/a | n/a |
| Hengan Intl Group Ltd-H 1044 | 1.2 % | +125.7 % | 60 |
| China Shenhua Energy Co Ltd H 1088 | 1.0 % | n/a | n/a |
| PTT Exploration and Production Public Company Limited NVAL | 1.0 % | n/a | n/a |
| Avi Ltd AVI | 1.0 % | +47.5 % | 69 |
| China Construction Bank Corp 0939 | 0.9 % | n/a | n/a |
| Exxaro Resources Ltd EXX | 0.9 % | n/a | n/a |
| Magyar Telekom Telecommunications PLC 0NUG | 0.9 % | n/a | n/a |
| Coal India Limited COALINDIA | 0.8 % | +8.5 % | 63 |
| Delta Electronics Inc 2308 | 0.8 % | −72.3 % | 58 |
| HDFC Bank Limited HDFCBANK | 0.8 % | −13.2 % | 49 |
| Midea Group Co., Ltd. 1520 | 0.7 % | n/a | n/a |
| Hon Hai Precision Industry Co Ltd 2317 | 0.7 % | +13.6 % | 60 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 47 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +22.2 % below FV
- 2 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +17.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +9.8 % below FV
- 4 SHRY First Trust Bloomberg Shareholder Yield ETF +2.2 % below FV
- 5 COWZ Pacer US Cash Cows 100 ETF -0.3 % above FV
- 6 C001 Amundi Core DAX UCITS ETF Dist -2.4 % above FV
- 7 XLC Communication Services Select Sector SPDR® Fund -4.2 % above FV
- 8 EWP iShares MSCI Spain ETF -4.8 % above FV
- 9 FTXO First Trust Nasdaq Bank ETF -6.0 % above FV
- 10 KRE SPDR® S&P Regional Banking ETF -8.9 % above FV
How the look-through works
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® Emerging Markets Multifactor ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Jul 28, 2026
No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.