FDEM ETF — Fidelity® Emerging Markets Multifactor ETF

Fidelity® Emerging Markets Multifactor ETF (FDEM)

Updated October 16, 2026.

FDEM is an ETF. its distribution rate is 4.44%, its trailing-12-month yield is 3.41%, its expense ratio is 0.25%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 78.1% over the past 7.6 years, 128.8 points behind SPY at 206.9%.

Fidelity Emerging Markets Multifactor ETF tracks an index of large- and mid-cap emerging markets stocks selected for attractive valuations, quality characteristics, positive momentum, lower volatility relative to broader emerging markets, and lower correlation to U.S. equities. The fund carries a modest expense ratio of 0.25% and distributes quarterly at a moderate current rate. It appeals to income-focused investors seeking emerging markets equity exposure with an emphasis on valuation and quality factors.

FDEM performance versus SPY

Price and return data through 2026-10-16.

Total return is 78.1% over the past 7.6 years, 128.8 points behind SPY at 206.9%. Over the past year its total return — price change plus distributions reinvested — is 16.2%. Its deepest 1-year drawdown was 12.7%.

FDEM key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

3.64%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

02/26/2019

Expense ratio

0.25%

Distribution rate

4.44%

Distribution frequency

Quarterly

Trailing yield

3.41%

Last close

$34.15 (as of 2026-10-16)

AUM

$591,354,420

Average volume

42131.0

Dividend

$0.379

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

1.0

How Dividend Vision calculates yield and returns

Distribution rate (4.44%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.41%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FDEM risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.7%.

Who may consider FDEM — and who may not

FDEM may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FDEM pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FDEM

• All tickers starting with F

Tagged: Emerging Markets, International.

Frequently asked questions

More securities from Fidelity Investments.