FEMR ETF — Fidelity Enhanced Emerging Markets ETF

Fidelity Enhanced Emerging Markets ETF (FEMR)

Updated October 16, 2026.

FEMR is an ETF. its distribution rate is 2.99%, its trailing-12-month yield is 1.96%, its expense ratio is 0.38%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 60.1% over the past 1.9 years, 28.6 points ahead of SPY at 31.5%.

This ETF normally invests at least 80% of assets in securities of emerging-market companies and depositary receipts, focusing on countries with emerging stock markets as defined by MSCI, low- to middle-income economies per the World Bank, and other markets with similar emerging-market characteristics. The fund carries a modest current distribution rate with quarterly distributions and an expense ratio of 0.38%. It appeals to equity income investors seeking exposure to emerging markets with a regular income component.

FEMR performance versus SPY

Price and return data through 2026-10-16.

Total return is 60.1% over the past 1.9 years, 28.6 points ahead of SPY at 31.5%. Over the past year its total return — price change plus distributions reinvested — is 24.0%. Its deepest 1-year drawdown was 15.5%.

FEMR key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

2.90%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

11/19/2024

Expense ratio

0.38%

Distribution rate

2.99%

Distribution frequency

Quarterly

Trailing yield

1.96%

Last close

$38.51 (as of 2026-10-16)

AUM

$206,201,988

Average volume

26235.0

Dividend

$0.288

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

1.3921

How Dividend Vision calculates yield and returns

Distribution rate (2.99%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.96%) 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.

FEMR risks and drawbacks

FEMR's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 15.5%.

Who may consider FEMR — and who may not

FEMR 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 (FEMR pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FEMR

• All tickers starting with F

Tagged: Emerging Markets, International.

Frequently asked questions

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