Schwab Fundamental Emerging Markets Equity ETF
Emerging-markets stock index ETF · tracks RAFI Fundamental High Liquidity Emerging Markets Index
As of its 2026 Q2 report, Schwab Fundamental Emerging Markets Equity ETF held 372 positions with $9.61B in net assets. Its ten largest holdings made up 27.4% of the fund. The FNDE share class costs 0.39% a year. Over the 12 months to May 2026, FNDE returned 36.4%, with dividends reinvested. In 2026 Q2 it added 19 new positions and exited 3.
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of large sized companies, based on their fundamental size and weight, in emerging market countries.
The fund tracks the RAFI Fundamental High Liquidity Emerging Markets Index, which selects and weights large emerging-market companies by fundamental measures of size—adjusted sales, retained operating cash flow, and dividends plus buybacks—rather than market capitalization. The fund invests at least 80% of assets in index constituents and uses sampling techniques to hold a subset of securities expected to replicate index performance. Because the fund samples the index rather than holding all constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 6.48% | $622.95M | 8.3M | $75.18 |
Hon Hai Precision Industry Co Ltd | 3.31% | $318.48M | 34.5M | $9.23 |
Vale SA | 3.03% | $291.10M | 17.8M | $16.37 |
Alibaba Group Holding Ltd | 2.71% | $260.97M | 16.9M | $15.43 |
Petroleo Brasileiro SA - Petrobras | 2.48% | $237.88M | 28.6M | $8.30 |
China Construction Bank Corp | 2.38% | $228.67M | 211.1M | $1.08 |
Petroleo Brasileiro SA - Petrobras | 2.34% | $225.23M | 24.4M | $9.24 |
MediaTek Inc | 1.79% | $172.54M | 1.3M | $137.59 |
Tencent Holdings Ltd | 1.51% | $145.18M | 2.7M | $54.51 |
JDJD.com Inc | 1.38% | $132.58M | 4.6M | $28.83 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 372 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.59% |
| Cash & short-term | 0.66% |
| Derivatives | 0.04% |
Derivatives are shown at market value, not notional exposure.
How it has done
FNDE share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.85%. Past returns are a record, not a forecast.
Fees & fund details
Schwab Fundamental Emerging Markets Equity ETF is an emerging-markets equity index ETF that tracks the RAFI Fundamental High Liquidity Emerging Markets Index.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.39%· FNDE 0.39%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
19 new· the largest 8
3 exited
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