The Schwab Fundamental Emerging Markets Large Company ETF (FNDE) is an exchange-traded fund that seeks to track the performance of the Russell RAFI Emerging Markets Large Company Index. The Index is designed to provide exposure to emerging market companies with strong fundamentals such as cash flow, book value, sales, and dividends.
As of September 30, 2021, the fund had total net assets of $4.67 billion and held 685 positions. Its top three sector allocations were financials, consumer discretionary, and information technology. The fund's top three country exposures were China, Taiwan, and South Korea.
The fund has an expense ratio of 0.39% and is managed by Charles Schwab Investment Management. Its holdings are weighted based on four fundamental factors: sales, cash flow, book value, and dividends. By using these factors, the fund seeks to avoid overvalued companies and identify companies with strong fundamentals that are undervalued by the market.
Investors interested in emerging market equities with a fundamental approach may find FNDE to be a suitable addition to their portfolio. However, as with any investment, it is important to conduct thorough research and consider factors such as risk tolerance, investment goals, and overall portfolio diversification before making an investment decision.
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