Browse all 653 ETFs by category, no search needed
Global 187
US market 62
Country 93
Core UCITS 15
Sector 103
Style & factor 111
Theme 45
Dividend 37
Fidelity Emerging Markets Multifactor (FDEM)Overvalued or undervalued?
Look-through valuation · Style & factor · Expense ratio 0.26 % · 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 | 12.2 % | +10.0 % | 72 |
| Samsung Electronics Co Ltd SSNLF | 6.5 % | n/a | n/a |
| SK Hynix Inc 000660 | 3.3 % | +14.0 % | 72 |
| Petróleo Brasileiro S.A. - Petrobras PETR4 | 1.9 % | n/a | n/a |
| China Resources Mixc Lifestyle Serv 1209 | 1.8 % | +38.7 % | 81 |
| TRUST FIBRA UNO MXCFFU000001 | 1.6 % | n/a | n/a |
| Bumrungrad Hospital PCL DRC BUGDF | 1.5 % | n/a | n/a |
| MediaTek Inc 2454 | 1.5 % | −21.7 % | 79 |
| WuXi AppTec Co Ltd H 2359 | 1.4 % | n/a | n/a |
| Aurobindo Pharma Limited AUROPHARMA | 1.1 % | +37.9 % | 57 |
| Sun Pharmaceutical Industries Limited SUNPHARMA | 1.1 % | +10.3 % | 65 |
| Sinopharm Group Co Ltd 1099 | 1.1 % | +200.0 % | 56 |
| Inner Mongolia Yitai Coal Co Ltd 900948 | 1.0 % | −5.2 % | 53 |
| PetroChina Company Limited 0857 | 1.0 % | n/a | n/a |
| China Construction Bank Corp 0939 | 1.0 % | n/a | n/a |
| Asia Cement Corp 1102 | 1.0 % | −6.2 % | 58 |
| Sasol Ltd SOL | 1.0 % | +6.3 % | 64 |
| China Shenhua Energy Co Ltd H 1088 | 0.9 % | n/a | n/a |
| Gedeon Richter PLC 0QFP | 0.9 % | n/a | n/a |
| PTT Exploration and Production Public Company Limited NVAL | 0.9 % | n/a | n/a |
| Coal India Limited COALINDIA | 0.9 % | +14.6 % | 64 |
| Gold Fields Ltd GFI | 0.9 % | −42.4 % | 75 |
| Grupo México S.A.B. de C.V GMEXICOB | 0.9 % | +10.0 % | 75 |
| United Tractors Tbk PT UNTR | 0.9 % | +95.4 % | 59 |
| Huazhu Group Ltd 1179 | 0.8 % | +37.9 % | 74 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 189 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 KWEB KraneShares CSI China Internet ETF 50.0 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.1 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 44.8 % below FV
- 4 MCHI iShares MSCI China ETF 36.2 % below FV
- 5 FLCH Franklin FTSE China ETF 35.7 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.9 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.1 % below FV
- 10 TAN Invesco Solar ETF 16.6 % below FV
Frequently asked about FDEM
Is FDEM overvalued?
What is the fair value of FDEM?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FDEM?
What is the expense ratio of FDEM?
How we value this ETF
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: Oct 27, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.