The issuer of the FDEV ETF, Fidelity International Multifactor ETF, is Fidelity Investments. This ETF seeks to replicate the performance of the Fidelity International Multifactor Index℠, which is designed to track large- and mid-cap developed international companies. Fidelity Investments is a renowned asset management company known for its expertise in designing and managing a wide range of investment products. With a focus on factors such as valuation, quality, momentum, and low volatility, Fidelity Investments aims to provide investors with exposure to international equities that exhibit these characteristics while seeking to generate income through securities lending.
The Fidelity International Multifactor ETF (FDEV) focuses on tracking the Fidelity International Multifactor Index℠, composed of large- and mid-cap developed international companies with appealing valuations, high-quality profiles, positive momentum indicators, lower volatility compared to the broader market, and reduced correlation to the U.S. equity market. While this ETF's primary objective is not centered around dividends, it participates in the dividend distribution of its underlying index constituents. Dividends are typically distributed on a periodic basis, reflecting the dividend policies and performance of the individual companies within the index. FDEV may appeal to investors seeking exposure to international equities with the potential for both capital appreciation and dividend income.
Tracking the Fidelity International Multifactor Index℠ is the primary objective of the Fidelity Multifactor International ETF (FDEV). FDEV seeks to invest at least 80% of its assets in securities from the index and depositary receipts representing these securities. The index is carefully designed to mirror the performance of large- and mid-capitalization developed international companies, emphasizing attractive valuations, high-quality profiles, positive momentum signals, lower volatility compared to the broader international equity market, and reduced correlation with the U.S. equity market. FDEV also participates in securities lending to generate additional income for the fund, making it an appealing option for investors seeking diversified exposure to international equities with a multifactor approach.
The correlation aspect of the Fidelity International Multifactor ETF (FDEV) is essential in understanding its performance in relation to the developed international equity market. FDEV seeks to track the Fidelity International Multifactor Index℠, which comprises large- and mid-cap companies with attractive valuations, high-quality profiles, positive momentum signals, lower volatility compared to the broader international equity market, and lower correlation to the U.S. equity market. Investors often analyze FDEV's correlation with various assets and sectors to gauge its potential for diversification and risk management within their portfolios. If you want to explore and visualize FDEV's correlations with other ETFs and assets, ETF Insider's web app offers a powerful tool to provide deep insights and help make informed investment decisions.
The Fidelity International Multifactor ETF (FDEV) is primarily invested in the stocks of large- and mid-capitalization developed international companies. These companies are selected based on attractive valuations, high-quality profiles, positive momentum signals, lower volatility compared to the broader international equity market, and lower correlation to the U.S. equity market. FDEV seeks to provide investors exposure to a diversified portfolio of international equities with a focus on factors that enhance potential returns while managing risk.
The exposure characteristics of the Fidelity International Multifactor ETF (FDEV) revolve around the performance of large- and mid-capitalization developed international companies. This ETF primarily invests at least 80% of its assets in securities included in the Fidelity International Multifactor Index℠ and depositary receipts representing those securities. The index is designed to capture stocks with attractive valuations, high-quality profiles, positive momentum signals, lower volatility compared to the broader developed international equity market, and lower correlation with the U.S. equity market. FDEV allows investors to gain exposure to a diversified basket of international stocks that exhibit these multifactor attributes, potentially offering a unique risk-return profile in the global equity market.
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