FDEV - ETF AI Analysis

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Fidelity International Multifactor ETF (FDEV)

Rating:67Neutral

Price Target:―

FDEV (Fidelity International Multifactor ETF) earns a solid overall rating, mainly because several of its largest positions are financially strong companies with positive outlooks. Standout holdings like Rio Tinto, Kinross Gold, and Agnico Eagle support the fund with robust cash flow, solid balance sheets, and constructive earnings commentary, while names like Fresnillo and Italgas add further strength despite some valuation and leverage concerns. The main risk is that a number of these holdings show signs of being overbought or facing specific financial pressures, which could increase volatility even though the portfolio is diversified across countries and industries.

Positive Factors

Strong Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Well-Performing Top Holdings

Several of the largest positions, especially in gold and other selected stocks, have delivered strong year-to-date results that support the fund’s overall performance.

Low Expense Ratio

The fund’s relatively low fee means more of the investment returns stay in investors’ pockets over time.

Negative Factors

Heavy Exposure to Financials and Materials

A large share of the portfolio is in financial and materials stocks, which can make the fund more sensitive to downturns in these sectors.

Limited Technology and Health Care Weight

The ETF has relatively small allocations to technology and health care, so investors may miss out if those growth areas outperform the broader market.

Concentration in a Few Countries

Significant weights in Japan and the UK mean the fund’s returns can be heavily influenced by economic and market conditions in those specific markets.

FDEV vs. SPDR S&P 500 ETF (SPY)

AUM271.97M

RegionDeveloped Markets

Expense Ratio0.18%

Beta0.50

IssuerFidelity

Inception DateFeb 26, 2019

Dividend Yield2.7%

Asset ClassEquity

Index TrackedFidelity International Multifactor Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume43,221

30 Day Avg. Volume46,971

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

39.68

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering199

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FDEV Summary

Fidelity International Multifactor ETF (FDEV) tracks the Fidelity International Multifactor Index, which picks stocks from many countries outside the U.S. using a rules-based approach. It owns companies across sectors like financials, materials, and utilities, including names such as Kinross Gold and Engie. Someone might invest in FDEV to get broad international diversification in a single fund, with exposure to many regions like Japan, the UK, and Canada. A key risk is that international stock prices can go up and down with global markets and currency swings, so the value of this ETF can be volatile.

How much will it cost me?The Fidelity International Multifactor ETF (Ticker: FDEV) has an expense ratio of 0.19%, which means you’ll pay $1.90 per year for every $1,000 invested. This is lower than average for ETFs because it is passively managed, tracking a specific index rather than relying on active stock selection.

What would affect this ETF?FDEV's focus on developed markets outside the U.S. and its exposure to sectors like financials, materials, and utilities could benefit from global economic growth, infrastructure spending, and stable demand for essential services. However, challenges such as rising interest rates, regulatory changes in international markets, or economic slowdowns in key regions could negatively impact its performance. Additionally, sector-specific risks, like fluctuating commodity prices for materials or energy, may influence returns.

FDEV Top 10 Holdings

FDEV is leaning into old-economy strength, with miners and utilities doing much of the heavy lifting. Agnico Eagle, Kinross Gold, and Rio Tinto have been rising, giving the fund a solid boost from the materials and gold space, while Engie and Tokyo Gas add steady, utility-like ballast with improving momentum. Vodafone has been climbing too, though its financial story is still a bit mixed. On the flip side, Fresnillo has been lagging recently, slightly dulling the shine from other metals names. Overall, it’s a developed-markets, ex-U.S. play anchored in financials, materials, and industrials rather than flashy tech.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
SHEL	Shell (UK)	1.70%	$4.51M	£175.51B	21.16%	73 Outperform
AZN	AstraZeneca	1.65%	$4.36M	$312.86B	25.09%	80 Outperform
ROG	Roche Holding AG	1.58%	$4.18M	CHF283.97B	35.98%	73 Outperform
NOVN	Novartis AG	1.51%	$3.99M	CHF240.57B	27.68%	80 Outperform
ENGI	Engie SA	1.35%	$3.58M	€68.93B	59.57%	64 Neutral
9531	TOKYO GAS Co	1.26%	$3.33M	¥2.91T	75.13%	77 Outperform
CNQ	Canadian Natural	1.23%	$3.27M	C$125.74B	61.06%	81 Outperform
ELE	Endesa SA	1.19%	$3.15M	€35.24B	57.90%	63 Neutral
IG	Italgas S.p.A.	1.15%	$3.05M	€10.57B	77.63%	67 Neutral
CNA	Centrica	1.13%	$3.00M	£8.72B	31.46%	66 Neutral

FDEV Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

36.21

Negative

100DMA

34.74

Positive

200DMA

33.40

Positive

Market Momentum

MACD

0.17

Positive

RSI

40.10

Neutral

STOCH

30.34

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FDEV, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 37.21, equal to the 50-day MA of 36.21, and equal to the 200-day MA of 33.40, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 30.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FDEV.

FDEV Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FDEV	―	―	$271.97M	0.18%	67 Neutral
IDHQ	―	―	$707.77M	0.29%	64 Neutral
TLTD	―	―	$645.66M	0.39%	64 Neutral
FYLD	―	―	$611.57M	0.59%	61 Neutral
MFDX	―	―	$449.02M	0.39%	65 Neutral
AVSD	―	―	$431.72M	0.23%	65 Neutral

Performance Comparison

FDEV

Fidelity International Multifactor ETF

36.08

7.12

24.59%

IDHQ

Invesco S&P International Developed High Quality ETF

―

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt

―

FYLD

Cambria Foreign Shareholder Yield ETF

―

MFDX

PIMCO RAFI Dynamic Multi-Factor International Equity ETF

―

AVSD

Avantis Responsible International Equity ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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