Fidelity International Multifactor ETF
FDEV
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Mar 1, 2019
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity International Multifactor ETF (FDEV) is an exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the Fidelity International Multifactor Index. The fund, issued by Fidelity Covington Trust and managed by Fidelity Management & Research Company LLC with co-management by Geode Capital Management, LLC, normally invests at least 80% of its assets in securities included in the index and depository receipts representing such securities; these encompass stocks of large- and mid-capitalization developed international companies exhibiting attractive valuations, high-quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market. Holdings, numbering approximately 213 to 222 across diversified sectors including financials, industrials, materials, consumer staples, and utilities, feature top positions in companies such as Daito Trust Construction Co Ltd, PSP Swiss Property AG, Tokyo Gas Co Ltd, Agnico Eagle Mines Ltd, and Endesa SA; the portfolio emphasizes developed markets in regions like Europe, Japan, Canada, and Asia-Pacific ex-Japan, with total assets under management around $195 million as of late 2025. Launched on February 26, 2019, and listed on Cboe BZX, the ETF maintains a net expense ratio of 0.19%, a turnover rate of 48%, and quarterly dividend distributions yielding approximately 2.72%. Headquartered in Boston, Massachusetts, through its Fidelity Investments affiliation, the fund targets institutional and retail investors seeking strategic beta exposure to foreign large blend equities via the MSCI World ex U.S. Index as a secondary benchmark. Recent developments include a Morningstar Medalist Rating upgrade to Silver from Bronze, driven by enhancements in its Process Pillar, alongside stable institutional ownership with 15 holders managing over 1 million shares and ongoing portfolio optimizations reflected in semi-annual reports as of April 30, 2025; no major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last 1-2 years.