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Morningstar

Fidelity International Multifactor ETF FDEV

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FDEV

Will FDEV outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FDEV’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FDEV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FDEV’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Fidelity International Multifactor ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FDEV

More FDEV Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Novo Nordisk A/S Class B

2.50 1.6 Mil
Healthcare

AstraZeneca PLC

1.62 1.0 Mil
Healthcare

Tokyo Gas Co Ltd

1.46 928,306
Utilities

Redeia Corporacion SA

1.41 898,863
Utilities

Novartis AG Registered Shares

1.40 893,843
Healthcare

PSP Swiss Property AG

1.38 878,452
Real Estate

Snam SpA

1.32 841,837
Utilities

Endesa SA

1.29 820,602
Utilities

BKW AG

1.27 812,593
Utilities

Publicis Groupe SA

1.26 806,889
Communication Services