Core Viewpoint - The current market environment, driven by the Magnificent Seven and AI themes, suggests that investors should explore international opportunities, with the Fidelity International Multifactor ETF (FDEV) being a notable option for performance abroad [1][2]. Group 1: Investment Strategy - The weakening dollar and anticipated U.S. Federal Reserve rate cuts are increasing interest in international assets, making ETFs like FDEV a more attractive investment option compared to selecting individual stocks [2]. - FDEV employs a multifactor approach, focusing on companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility compared to the broader developed international equity market [4]. Group 2: Fund Characteristics - As of August 29, FDEV holds 229 stocks, with its top holding, Daito Trust Construction, comprising only 1.7% of the fund, indicating a balanced allocation across various countries [3][5]. - The fund's low net expense ratio of 19 basis points ($19 per $10,000 invested) is significantly lower than the average expense ratio of competing funds in its category, enhancing its cost-effectiveness [7]. Group 3: Market Trends - The rise of active ETFs in 2025 has been notable, but FDEV demonstrates that strong performance can also be achieved through a well-structured passive strategy [6]. - Investors looking to diversify away from U.S. stocks and reduce home bias should consider FDEV for its multifactor approach and cost-effectiveness [8].