Fidelity International Multifactor ETF

Fidelity International Multifactor ETF is an exchange-traded fund designed to provide exposure to developed international equities outside the United States. It follows a factor-based approach, selecting companies that exhibit a combination of attractive valuation, strong quality characteristics, positive momentum, and lower volatility relative to the broader international market. The fund focuses on large- and mid-cap stocks and is intended to offer diversified access to international markets through a rules-based portfolio construction process. Managed by Fidelity, the ETF serves investors seeking a systematic way to participate in non-U.S. developed market equities while emphasizing factor selection and broad geographic diversification across regions such as Europe and Asia. Its role in the market is to combine international equity exposure with a disciplined multifactor methodology in a single fund.