What Is FNDE? Schwab Fundamental Emerging Markets Equity ETF
Last updated July 2026
Short answer
FNDE is Schwab Fundamental Emerging Markets Equity ETF, an ETF that tracks an emerging-markets equity index at a 0.39% expense ratio. FNDE tracks an emerging-markets equity index. It launched in 2013. It yields about 3.78%, enough that income is part of the reason people hold it. At 0.39% it costs more than the typical emerging-markets fund, nearer 0.31%. The ten largest positions are roughly 26% of assets, with Taiwan Semiconductor Manufacturing the biggest at 6.1%.
FNDE is issued by Schwab Asset Management and tracks an emerging-markets equity index. It charges a 0.39% expense ratio, holds approximately $9.2B in assets under management, yields about 3.78%, and launched in 2013.
What is FNDE?
FNDE is Schwab Fundamental Emerging Markets Equity ETF, an ETF that tracks an emerging-markets equity index at a 0.39% expense ratio. FNDE tracks an emerging-markets equity index. It launched in 2013. It yields about 3.78%, enough that income is part of the reason people hold it. At 0.39% it costs more than the typical emerging-markets fund, nearer 0.31%. The ten largest positions are roughly 26% of assets, with Taiwan Semiconductor Manufacturing the biggest at 6.1%.
FNDE is issued by Schwab Asset Management and tracks an emerging-markets equity index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does FNDE hold?
FNDE is weighted toward its largest constituents. As of August 2026, the top holdings are:
| Rank | Ticker | Company | % of FNDE | |
|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing Co Ltd | 6.1% | ||
| 2 | Hon Hai Precision Industry Co Ltd | 2.8% | ||
| 3 | Vale SA | 2.7% | ||
| 4 | Alibaba Group Holding Ltd Ordinary Shares | 2.4% | ||
| 5 | China Construction Bank Corp Class H | 2.4% | ||
| 6 | PETR4 | Petroleo Brasileiro SA Petrobras Participating Preferred | 2.2% | |
| 7 | Petroleo Brasileiro SA Petrobras | 2.1% | ||
| 8 | Tencent Holdings Ltd | 1.8% | ||
| 9 | MediaTek Inc | 1.5% | ||
| 10 | Industrial And Commercial Bank Of China Ltd Class H | 1.5% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
How do I invest in FNDE?
There are three common ways to get FNDE exposure. Buy shares (or fractional shares) of FNDE directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so FNDE sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. FNDE trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is FNDE a good buy?
Whether FNDE is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks an emerging-markets equity index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FNDE a buy?
The bottom line on FNDE
FNDE gives you an emerging-markets equity index exposure in one ticker at a 0.39% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on FNDE
Whether FNDE is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FNDE a buy?
FNDE yields 3.78% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see FNDE dividend: yield and schedule.
New to funds like FNDE? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how FNDE fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in FNDE with AI
Connect the broker you already use and ask Walnut's AI how FNDE fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is FNDE's ticker symbol?
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FNDE, Schwab Fundamental Emerging Markets Equity ETF. Issued by Schwab Asset Management; tracks an emerging-markets equity index. Trades during US market hours, available at every major US brokerage.
What is FNDE's expense ratio?
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0.39% as of August 2026.
What are FNDE's top holdings?
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Top holdings as of August 2026: , , , , and others. See the full holdings table above.
How can I invest in FNDE through Walnut?
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Walnut isn't a broker. Connect a brokerage and Walnut sits on top to help you build and track thematic portfolios. FNDE can be a constituent alongside individual stocks.
How do I compare FNDE to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. FNDE's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to August 2026; verify current figures against Schwab Asset Management's fund page or your broker before investing.