FNDE

FNDE is a passive emerging-markets equity ETF that targets large-cap companies, but it does not weight them by market value.

Instead, it uses “fundamental” size signals—sales, operating cash flow, and dividends plus buybacks—to rank and weight holdings, aiming to tilt toward companies with stronger underlying business footprint.

The index is refreshed through an annual process implemented in rolling quarterly segments, which can create meaningful style and sector shifts over time.