Fidelity Emerging Markets Multifactor ETF(CBOE:FDEM)

FDEM tracks an index of large- and midcap emerging market stocks selected and weighted using a wide variety of valuation metrics. The fund looks for a combination of attractive valuations, high quality profiles, positive momentum signals, lower volatility than the emerging market equities at large, and lower correlation to the US equity market. FDEM uses various criteria in deciding the country a particular stock is tied to. This includes country of incorporation or registration, location of headquarters, primary stock exchange listing, and geographic breakdown of revenues and assets.