
The Schwab Fundamental International Small Equity ETF (FNDC) provides exposure to international small and mid-cap stocks based on fundamental size metrics. Since its inception, FNDC has outperformed the SCZ benchmark in valuation, dividend growth, and total return, though it trails other ETFs like AVDV and DISV. The fund carries low company-specific risk but has notable concentration in Japan and the industrials sector. FNDC is suitable for long-term or tactical international small/mid-cap investments, but recent performance favors alternatives AVDV and DISV.