Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM) is a ESG ETF. As of October 9, 2026, ETF Copilot scores FEDM 4.4 out of 10 — highest on Risk (6.3), lowest on Value (2.3). It trades at 17.8 times earnings, against its own median of 16.4. Its ten largest holdings are 17% of the fund.
What stands out in FEDM's data
International developed-market stocks screened for ESG and climate criteria.
Trades cheaper than the typical ESG international fund — you get the same earnings for a lower price.
Trailing P/E multiple of 17.8x sits below the category median of 21.2x, though its 3-year annualized return of 17% trails peers.
A values-aligned sleeve for a portfolio already anchored in broad international exposure.
How is FEDM rated? ETF Copilot scores Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM) 4.4 out of 10
As of October 9, 2026, ETF Copilot scores Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM) 4.4 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.4 / 10
- Growth: 4.1 / 10
- Value: 2.3 / 10
- Risk: 6.3 / 10
- Quality: 6.1 / 10
- Return: 3.8 / 10
Is FEDM expensive right now? It trades at 17.8 times earnings, against its own median of 16.4
As of October 9, 2026, FEDM is more expensive than 77% of its own last 5 years.
Trailing 12 months, built from FEDM's holdings. How we calculate this →
What's inside FEDM? 13% Tech
What's inside FEDM: Size (Large 79%, Mid 21%, Small 0%); Geography (International 100%, US 0%); Tech 13.0%; Semiconductors 5.6%; Memory 1.3%.
What are FEDM's top holdings? The ten largest are 17% of the fund
ASML, Royal Bank of Canada, Shell, Advantest, Siemens, Novartis, Hitachi, SAP SE, Mitsubishi UFJ Financial and Banco Bilbao Vizcaya Argentaria are FEDM's largest holdings, in that order.
Less concentrated than 78% of ESG ETFs.
Half of FEDM's weight sits in its 43 largest positions, and once those weights are taken into account it behaves like 114 equally weighted holdings.
What is FEDM's expense ratio? 0.16% a year
As of October 9, 2026, FEDM charges 0.16% a year, yields 2.94% and holds $80M in assets across 213 positions.
| Measure | FEDM |
|---|---|
| Expense ratio | 0.16% |
| Dividend yield | 2.94% |
| Assets under management | $80M |
| Holdings | 213 |
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, “Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fedm
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