Symbols

FVAL

Fidelity Value Factor ETF·ARCA

--(--)

Key Stats

Assets Under Management

1.14BUSD

Fund Flows (1Y)

-33.78MUSD

Dividend Yield

1.57%

Discount/Premium to NAV

0.12%

Shares Outstanding

15.50M

Expense Ratio

0.16%

About Fidelity Value Factor ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://institutional.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=FVAL

Inception Date

Sep 12, 2016

Structure

Open-Ended Fund

Index Tracked

Fidelity U.S. Value Factor Index

Management Style

Passive

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.

FVAL is Fidelity's 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.