Fidelity Emerging Markets Multifactor ETF (FDEM) is a emerging-markets ETF. As of October 9, 2026, ETF Copilot scores FDEM 6.9 out of 10 — highest on Growth (8.6), lowest on Value (5.1). It trades at 11.3 times earnings, against its own median of 11.2. Its ten largest holdings are 36% of the fund.
What stands out in FDEM's data
Emerging market stocks screened across multiple factors for disciplined exposure.
Earns more on its operations than the typical emerging-market fund — a sign of better business quality.
EBITDA margin of 40.5% sits above the category median of 36.9% and its own historical median of 31.0%. Holds 202 stocks.
A multi-factor tilt that adds quality discipline to an emerging-market allocation.
How is FDEM rated? ETF Copilot scores Fidelity Emerging Markets Multifactor ETF (FDEM) 6.9 out of 10
As of October 9, 2026, ETF Copilot scores Fidelity Emerging Markets Multifactor ETF (FDEM) 6.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.9 / 10
- Growth: 8.6 / 10
- Value: 5.1 / 10
- Risk: 5.8 / 10
- Quality: 8.2 / 10
- Return: 6.5 / 10
Is FDEM expensive right now? It trades at 11.3 times earnings, against its own median of 11.2
As of October 9, 2026, FDEM is more expensive than 50% of its own last 8 years.
Trailing 12 months, built from FDEM's holdings. How we calculate this →
What's inside FDEM? 39% Tech
What's inside FDEM: Size (Large 52%, Mid 37%, Small 11%); Geography (International 100%, US 0%); Tech 39.1%; AI 1.0%; Semiconductors 22.4%; Memory 14.4%.
What are FDEM's top holdings? The ten largest are 36% of the fund
Taiwan Semiconductor, Samsung Electronics, SK Hynix, Media TEK, China Resources Mixc Lifestyle, Petroleo Brasileiro SA Preference, Emaar Development Pjsc, Wuxi Apptec, Banco Actinver and Bumrungrad Hospital are FDEM's largest holdings, in that order.
More concentrated than 59% of Emerging Markets ETFs.
Half of FDEM's weight sits in its 25 largest positions, and once those weights are taken into account it behaves like 34 equally weighted holdings.
What is FDEM's expense ratio? 0.25% a year
As of October 9, 2026, FDEM charges 0.25% a year, yields 3.27% and holds $589M in assets across 202 positions.
| Measure | FDEM |
|---|---|
| Expense ratio | 0.25% |
| Dividend yield | 3.27% |
| Assets under management | $589M |
| Holdings | 202 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity Emerging Markets Multifactor ETF (FDEM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fdem
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