What does Schwab Fundamental International Large Company Index ETF do?
Schwab Fundamental International Large Company Index ETF (NYSE: FNDF) offers investors exposure to large international companies, focusing on leveraging fundamental measures such as sales, cash flow, and dividends plus buybacks to construct its portfolio. Unlike traditional market-cap weighted indexes, this approach aims to find value by concentrating on the economic footprint of a company rather than its market price. The ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Russell RAFI™ Developed ex U.S. Large Company Index. Through this method, Schwab Fundamental International Large Company Index ETF aims to offer a strategic alternative for investors looking to diversify internationally, by capturing the performance of fundamentally strong companies across a wide swath of industries outside the United States.