Key stats
About Fidelity Value Factor ETF
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Inception date
Sep 12, 2016
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
ISIN
US3160927824
FVAL is Fidelitys take on US value investing. It follows a proprietary selection method where constituents are selected from the largest 1,000 US stocks based on four value measurements: high free-cash-flow yield, low enterprise-value-to-EBITDA, low price-to-tangible-book-value, and low price-to-future-earnings. The fund weights each sector in its portfolio in-line with the broad market. Individual stocks are then weighed on their value characteristics within the amount set for the sector. The index is rebalanced semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.85%
Electronic Technology21.40%
Technology Services20.81%
Finance16.51%
Retail Trade7.13%
Health Technology6.77%
Consumer Services3.84%
Energy Minerals2.99%
Consumer Durables2.75%
Consumer Non-Durables2.72%
Health Services2.29%
Producer Manufacturing2.21%
Utilities2.13%
Transportation1.94%
Distribution Services1.92%
Process Industries1.62%
Non-Energy Minerals1.27%
Communications1.16%
Commercial Services0.39%
Bonds, Cash & Other0.15%
Cash0.09%
Mutual fund0.05%
Government0.01%
Futures0.00%
Stock breakdown by region
North America98.14%
Europe1.86%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FVAL invests in stocks. The fund's major sectors are Electronic Technology, with 21.40% stocks, and Technology Services, with 20.81% of the basket. The assets are mostly located in the North America region.
FVAL top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 7.96% and 6.93% of the portfolio correspondingly.
FVAL last dividends amounted to 0.23 USD. The quarter before, the issuer paid 0.28 USD in dividends, which shows a 19.83% decrease.
FVAL assets under management is 1.03 B USD. It's risen 6.48% over the last month.
FVAL fund flows account for 73.77 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FVAL pays dividends to its holders with the dividend yield of 1.48%. The last dividend (Jun 24, 2025) amounted to 0.23 USD. The dividends are paid quarterly.
FVAL shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Sep 12, 2016, and its management style is Passive.
FVAL expense ratio is 0.16% meaning you'd have to pay 0.16% of your investment to help manage the fund.
FVAL follows the Fidelity U.S. Value Factor Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FVAL invests in stocks.
FVAL price has risen by 4.16% over the last month, and its yearly performance shows a 12.79% increase. See more dynamics on FVAL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.46% over the last month, showed a 10.18% increase in three-month performance and has increased by 15.89% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.46% over the last month, showed a 10.18% increase in three-month performance and has increased by 15.89% in a year.
FVAL trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.