FNDESchwab Fundamental Emerging Markets Large Co. Index ETF
FNDE Fund Description
The Schwab Fundamental Emerging Markets Large Company ETF tracks an index of emerging market stocks. Its selection and weighting is based on fundamental factors: sales, cash flow, and dividends/buybacks.
FNDE Factset Analytics Insight
FNDE is part of Charles Schwab's fundamental suite, targeting the emerging markets large-cap space with a distinctive approach. The fund starts with the Russell Global ex-US universe. After eliminating developed markets, it then screens the universe based on RAFI's signature fundamental factors: sales, cash flow, and equity returns to shareholders. These three metrics are combined to produce a "fundamentally" weighted selection universe. The top 87.5% of this universe is then included in the large-company index. In practice, this strategy produces material sector tilts—particularly toward energy and away from technology—with a distinct value bias, and significant volatility. The fund sees robust trading with small spreads, and underlying liquidity is adequate for larger investors, though it should be noted that much of FNDE's portfolio does not trade during US market hours. Efficiency is lackluster with FNDE: despite a competitive fee, the fund lags its index by even more than its expense ratio, even taking into account securities lending revenue. Tracking is decent. Worth noting: the underlying index changed its name on 12/1/16, from the Russell Fundamental Emerging Markets Large Company Index to the Russell RAFI Emerging Market Large Company Index. This change does not alter the aforementioned methodology or exposure.
FNDE MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 24, 2018 the Schwab Fundamental Emerging Markets Large Co. Index ETF MSCI ESG Fund Quality Score is 4.14 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FNDE ranks in the 10th percentile within its peer group and in the 11st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FNDE CHARTS AND PERFORMANCE
FNDE Top 10 Countries
FNDE Top 10 Sectors
FNDE Top 10 Holdings [View All]
FNDE Portfolio Management
FNDE Tax Exposures
FNDE Fund Structure
FNDE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FNDE. FNDE is rated a 5 out of 5.
FNDE Sector/Industry Breakdown
FNDE TOP 10 HOLDINGS[View All]
FNDE Economic Development
FNDE Performance Statistics
FNDE MSCI ESG Ratings
FNDE BENCHMARK COMPARISON SUMMARY
FNDE BENCHMARK COMPARISON MARKET CAP SIZE