ATLASSchwab Fundamental Emerging Markets Equity ETF (FNDE): outlook, holdings and fees
Schwab Fundamental Emerging Markets Equity ETF (FNDE) is an exchange-traded fund and is managed by Schwab ETFs. The expense ratio is 0.38% and the yield is 3.45%. The ten largest holdings are 28% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FNDE
| Last price | $40.87 (+0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $40.05 – $42.12 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 3.45% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FNDE fund facts
| Issuer | Schwab ETFs |
|---|---|
| Theme | Emerging markets |
| Assets under management | $10.5B |
| Expense ratio | 0.38% |
| Number of holdings | 49 |
| Portfolio turnover | 28% |
| Inception | Aug 15, 2013 |
| Exchange | NYSE |
The fund will invest at least 80% of its net assets in stocks included in the index, including depositary receipts representing securities of the index; which may be in the form of ADRs, GDRs and EDRs. The index measures the performance of the large company size segment by fundamental overall company scores, which are created using as the universe the emerging markets companies in the RAFI Global Equity Investable Universe.
FNDE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | Technology | 5.98% |
| Petróleo Brasileiro S.A. - Petrobras PETR4 | Energy | 3.25% |
| Petróleo Brasileiro S.A. - Petrobras PETR3 | Energy | 2.94% |
| Alibaba Group Holding Ltd 9988 | Consumer Cyclical | 2.68% |
| Hon Hai Precision Industry Co Ltd 2317 | Technology | 2.81% |
| China Construction Bank Corp 0939 | Financial Services | 2.58% |
| Vale S.A. VALE3 | Basic Materials | 2.39% |
| Tencent Holdings Ltd 0700 | Communication Services | 2.00% |
| Industrial and Commercial Bank of China 1398 | Financial Services | 1.58% |
| JD.com Inc Adr JD | Consumer Cyclical | 1.57% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FNDE sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 25.6% |
| Technology | 20.0% |
| Energy | 14.8% |
| Basic Materials | 11.6% |
| Consumer Cyclicals | 9.9% |
| Communication Services | 6.2% |
| Industrials | 4.7% |
| Consumer Defensive | 3.0% |
| Utilities | 2.5% |
| Real Estate | 1.4% |
| Healthcare | 0.4% |
By region: Asia Emerging 46.6%, Asia Developed 24.6%, Latin America 18.5%, Africa/Middle East 7.4%, Europe Emerging 2.3%.
FNDE returns and risk
| Year to date | +19.7% |
|---|---|
| 1 year | +24.7% |
| 3 years (annualised) | +23.6% |
| 5 years (annualised) | +10.3% |
| 10 years (annualised) | +10.3% |
| Volatility (3 years) | 12.2% |
| Sharpe ratio (3 years) | 1.33 |
Past returns do not guarantee future results.
FNDE: frequently asked questions
What does FNDE invest in?
Schwab Fundamental Emerging Markets Equity ETF invests in a portfolio of securities. Its largest holdings are Taiwan Semiconductor Manufacturing Co. Ltd. (6.0%), Petróleo Brasileiro S.A. - Petrobras (3.2%), Petróleo Brasileiro S.A. - Petrobras (2.9%), Alibaba Group Holding Ltd (2.7%), Hon Hai Precision Industry Co Ltd (2.8%).
What is the FNDE expense ratio?
0.38% a year: about $38.00 for every $10,000 invested.
What is the FNDE dividend yield?
3.45%. ATLAS does not hold the exact distribution dates for ETFs.
Will FNDE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $40.05 to $42.12 from $40.87 today. It is a probability, not a prediction.
How has FNDE performed?
Year to date +19.7%, one year +24.7%, three years +23.6% a year, five years +10.3% a year. Past returns do not guarantee future results.
Similar ETFs: Emerging markets
- iShares Core MSCI Emerging Markets ETF (IEMG)
- Vanguard FTSE Emerging Markets ETF (VWO)
- iShares MSCI Emerging Markets ETF (EEM)
- Avantis Emerging Markets Equity ETF (AVEM)
- SPDR Portfolio Emerging Markets ETF (SPEM)
- Schwab Emerging Markets Equity ETF (SCHE)
- Dimensional Emerging Core Equity Market ETF (DFAE)
- Dimensional Emerging Markets Core Equity 2 ETF (DFEM)
Educational information, not investment advice. Disclaimer