FNDE
Schwab Fundamental Emerging Markets Large Co. Index ETF
Schwab Fundamental Emerging Markets Large Company Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Emerging Markets Large Company Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
6.3 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Charles Schwab Investment Mana |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 15, 2013 |
| Assets (mns) | $6,340 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 5.2 % |
| HON HAI PRECISION INDUSTRY | 4.0 % |
| CHINA CONSTRUCTION BANK-H | 3.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.9 % |
| TENCENT HOLDINGS LTD | 2.9 % |
| IND & COMM BK OF CHINA - H | 1.9 % |
| VALE SA | 1.9 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.7 % |
| PING AN INSURANCE GROUP CO-H | 1.7 % |
| BANK OF CHINA LTD - H | 1.5 % |
Constituent Breakdown
| Number of holdings | 428 |
| Herfindahl-Hirschman Index | 116 |
| Wgt avg mkt cap (mns) | $117,752 |
| Large cap (>$10bn) | 76.7% |
| Mid cap ($2-10bn) | 19.1% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 6.4% |
| Emerging mkts. | 93.6% |
Country Exposure
 |
CHINA | 29.2 % |
 |
TAIWAN | 20.2 % |
 |
INDIA | 11.0 % |
 |
BRAZIL | 9.5 % |
 |
SOUTH AFRICA | 4.5 % |
 |
HONG KONG | 3.8 % |
 |
THAILAND | 2.6 % |
 |
MEXICO | 2.2 % |
 |
SAUDI ARABIA | 2.1 % |
 |
INDONESIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.6% | 26.3% | 20.7% | 3.0% | 5.5% | 4.9% | 4.9% | Volatility | 16.8% | 16.4% | 15.7% | 17.1% | 21.0% | 20.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 42% |
| MSCI EAFE | 0.77 | 62% |
| MSCI Emg Mkts | 0.95 | 91% |
Liquidity Measures
| Avg. volume (000) | 677 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $16,714 |
Technical Indicators
| Recent close | $30.60 |
| 30d moving avg. | $32.14 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FNDE |
Expenses vs. FNDE |
ALTAR Score™ vs. FNDE |
|---|---|---|---|---|
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 70.3% | +10 bp | -0.3% |
| SCHE | Schwab Emerging Markets Equity ETF | 48.4% | -28 bp | -5.4% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 46.6% | +10 bp | -4.4% |
| EEM | iShares MSCI Emerging Markets ETF | 45.7% | +30 bp | -5.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 43.9% | -9 bp | -5.2% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 43.8% | -4 bp | -0.1% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 43.3% | +27 bp | -2.6% |
| VWO | Vanguard FTSE Emerging Markets ETF | 43.1% | -31 bp | -5.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 42.7% | -24 bp | -5.3% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 42.3% | +11 bp | +0.5% |
Risk and Returns: FNDE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FNDE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FNDE
12.5%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. FNDE's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places FNDE in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FNDESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FNDE (39 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FNDE | 39.0 | 3.9 | 42.9 |
| Peer Avg. | 48.9 | 28.9 | 77.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .