FDEV - ETF AI Analysis

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Fidelity International Multifactor ETF (FDEV)

Rating:67Neutral

Price Target:―

The Fidelity International Multifactor ETF (FDEV) benefits from strong contributions by holdings like Kinross Gold, which stands out for its robust financial performance, strategic shareholder returns, and solid technical indicators. Fresnillo also adds positively with its strong earnings and strategic expansion, though its high valuation poses some risk. However, weaker holdings like Vodafone and Endesa SA, which face financial challenges and bearish technical trends, may have tempered the fund's overall rating. A key risk factor for this ETF is its exposure to stocks with overbought technical indicators, which could lead to price corrections.

Positive Factors

Strong Geographic Diversification

The ETF invests across multiple countries, reducing reliance on any single economy and offering global exposure.

Low Expense Ratio

The fund charges a competitive expense ratio, making it cost-effective compared to many other ETFs.

Steady Year-to-Date Performance

The ETF has shown solid performance year-to-date, indicating resilience in its holdings.

Negative Factors

Underperforming Top Holding

One of the largest positions, Daito Construction, has lagged in performance, which could weigh on overall returns.

Sector Concentration in Financials

The ETF has significant exposure to the financial sector, increasing vulnerability to sector-specific risks.

Limited Exposure to Technology

The fund has minimal allocation to technology stocks, potentially missing out on growth opportunities in this sector.

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

AUM224.74M

RegionDeveloped Markets

Expense Ratio0.19%

Beta0.51

IssuerFidelity

Inception DateFeb 26, 2019

Dividend Yield2.84%

Asset ClassEquity

Index TrackedFidelity International Multifactor Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume42,181

30 Day Avg. Volume40,746

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

37.07

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering206

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FDEV Summary

The Fidelity International Multifactor ETF (FDEV) is an investment fund that gives you access to a wide range of companies across the globe. It follows the Fidelity International Multifactor Index, which uses strategies like focusing on value, quality, and low volatility to pick stocks. Some well-known companies it includes are Unilever and Tokyo Gas. This ETF is a good choice for someone looking to diversify their portfolio internationally and tap into global growth opportunities. However, new investors should know that its performance can be affected by changes in international markets, which may be more volatile than domestic ones.

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

The Fidelity International Multifactor ETF (FDEV) leans heavily on developed markets outside the U.S., with a notable tilt toward financials and materials. Fresnillo and Kinross Gold are shining bright, benefiting from strong momentum and robust financial performance, while Daito Construction is lagging, weighed down by bearish trends and cash flow concerns. Utilities like Tokyo Gas and Italgas add stability, though overbought signals suggest caution. With its broad sector exposure but a clear focus on developed markets, this ETF offers a balanced yet dynamic approach to international investing.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FRES	FRESNILLO	1.64%	$3.69M	£23.92B	456.25%	76 Outperform
PSPN	PSP Swiss Property AG	1.60%	$3.61M	CHF6.53B	11.86%	72 Outperform
1878	Daito Construction	1.43%	$3.21M	¥1.02T	-15.56%	73 Outperform
IG	Italgas S.p.A.	1.41%	$3.16M	€9.55B	85.88%	67 Neutral
ENGI	Engie SA	1.40%	$3.15M	€53.85B	47.46%	64 Neutral
9531	TOKYO GAS Co	1.40%	$3.14M	¥2.30T	43.33%	77 Outperform
ELE	Endesa SA	1.36%	$3.05M	€32.45B	49.83%	63 Neutral
KGC	Kinross Gold	1.35%	$3.03M	$35.62B	212.30%	81 Outperform
AEM	Agnico Eagle	1.32%	$2.97M	$91.17B	130.24%	80 Outperform
LUG	Lundin Gold	1.27%	$2.86M	C$28.97B	303.74%	78 Outperform

FDEV Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

33.37

Positive

100DMA

32.99

Positive

200DMA

31.67

Positive

Market Momentum

MACD

0.40

Negative

RSI

75.69

Negative

STOCH

79.50

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FDEV, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 33.99, equal to the 50-day MA of 33.37, and equal to the 200-day MA of 31.67, indicating a bullish trend. The MACD of 0.40 indicates Negative momentum. The RSI at 75.69 is Negative, neither overbought nor oversold. The STOCH value of 79.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FDEV.

FDEV Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FDEV	―	―	$224.74M	0.19%	―
DFSI	―	―	$915.27M	0.24%	―
SEIE	―	―	$864.55M	0.50%	―
IMFL	―	―	$673.43M	0.34%	―
TLTD	―	―	$589.07M	0.39%	―
IDHQ	―	―	$550.38M	0.29%	―

Performance Comparison

FDEV

Fidelity International Multifactor ETF

34.92

8.26

30.98%

DFSI

Dimensional International Sustainability Core 1 ETF

―

SEIE

SEI Select International Equity ETF

―

IMFL

Invesco International Developed Dynamic Multifactor ETF

―

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt

―

IDHQ

Invesco S&P International Developed High Quality 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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