FDEV Profile
Fidelity International Multifactor ETF is designed to provide investors with targeted exposure to a diversified selection of large- and mid-capitalization companies located in developed international markets. The fund commits at least 80% of its assets to securities that are constituents of its benchmark index and depositary receipts representing these securities. This strategy ensures the fund closely tracks the performance of the index, which is specifically engineered to capture stocks with desirable investment characteristics.
The index underlying the ETF incorporates a multifactor approach to stock selection, focusing on companies that exhibit attractive valuations, high-quality financial profiles, and positive momentum signals. It also aims to identify stocks with lower volatility compared to the broader developed international equity market. By emphasizing these factors, the index seeks to enhance risk-adjusted returns and provide investors with a more stable investment compared to the general market.
Fidelity Investments, a leading global asset management firm, manages the ETF, leveraging its extensive expertise and research capabilities. Fidelity’s investment team employs rigorous analysis to identify and select high-quality international equities that align with the index’s multifactor criteria. The firm’s global research network supports this process by providing in-depth insights into market conditions and company fundamentals, enhancing the fund’s ability to meet its performance objectives.
In addition to its strategic focus on multifactor investing, Fidelity International Multifactor ETF incorporates robust risk management practices to navigate the complexities of international markets. The fund’s management team continuously monitors portfolio holdings and adjusts allocations to ensure alignment with the index’s investment strategy and to respond to evolving market dynamics. This proactive management approach underscores Fidelity’s commitment to delivering strong, consistent returns while managing risk in a global investment landscape.
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