Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is a emerging-markets ETF. As of October 28, 2026, ETF Copilot scores FNDE 3.6 out of 10 — highest on Return (4.9), lowest on Value (1.9). It trades at 10.5 times earnings, against its own median of 9.3. Its ten largest holdings are 27% of the fund.
What stands out in FNDE's data
Emerging market large stocks, weighted by fundamental factors rather than market cap.
Cheaper than most emerging-market funds — you pay less for each dollar of earnings.
Trailing P/E multiple of 10.5x is below the category median of 13.3x. It holds 344 stocks across emerging markets.
A value-tilted core for an emerging-markets allocation, built on fundamental weighting.
Why did FNDE move this week? It fell 3.0% in the week to October 28, 2026 — Petroleo Brasileiro SA Preference and Petroleo Brasileiro drove it
FNDE fell 3.0% in the week to October 28, 2026. The holdings that moved it most were Petroleo Brasileiro SA Preference (−14.3%), Petroleo Brasileiro (−14.0%) and Vale (−9.6%); Sasol (+7.3%) pushed the other way.
How is FNDE rated? ETF Copilot scores Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) 3.6 out of 10
As of October 28, 2026, ETF Copilot scores Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) 3.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.6 / 10
- Growth: 3.3 / 10
- Value: 1.9 / 10
- Risk: 4.8 / 10
- Quality: 2.3 / 10
- Return: 4.9 / 10
Is FNDE expensive right now? It trades at 10.5 times earnings, against its own median of 9.3
As of October 28, 2026, FNDE is more expensive than 81% of its own last 9 years.
Trailing 12 months, built from FNDE's holdings. How we calculate this →
What's inside FNDE? 20% Tech
What's inside FNDE: Size (Large 63%, Mid 34%, Small 3%); Geography (International 100%, US 0%); Tech 19.9%; AI 0.6%; Semiconductors 9.4%; Memory 2.0%.
What are FNDE's top holdings? The ten largest are 27% of the fund
Less concentrated than 75% of Emerging Markets ETFs.
Half of FNDE's weight sits in its 41 largest positions, and once those weights are taken into account it behaves like 87 equally weighted holdings.
What is FNDE's expense ratio? 0.39% a year
As of October 28, 2026, FNDE charges 0.39% a year, yields 3.62% and holds $10.1B in assets across 344 positions.
| Measure | FNDE |
|---|---|
| Expense ratio | 0.39% |
| Dividend yield | 3.62% |
| Assets under management | $10.1B |
| Holdings | 344 |
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, “Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fnde
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