Fidelity International Multifactor ETF Price & Performance (FDEV)

Fidelity International has broadened its actively managed ETF lineup with two new sustainable fixed-income funds, both aligned with Paris Agreement goals. The new ETFs, listed on Xetra and soon on multiple European exchanges, target high-yield bonds while integrating environmental criteria. This move reflects surging demand for sustainable, actively managed ETF products.123

Fidelity’s International Multifactor ETF (FDEV) has risen 8.5% year-to-date, trading around $29.72 as of mid-April. The fund tracks a diversified international index and maintains a low expense ratio, attracting investors with its blend of value, quality, and momentum factors. FDEV’s assets under management now exceed $127 million.456

Morningstar has reaffirmed its Silver Medalist rating for the Fidelity International Multifactor ETF, citing its strong investment process, experienced management, and competitive fees. The fund’s strategic beta approach and disciplined factor selection continue to set it apart among international equity ETFs, supporting its appeal to cost-conscious investors.789