FVAL ETF — Holdings & Analysis

The Fidelity Value Factor ETF (FVAL) is an equity ETF with $1.14 billion in assets under management and an expense ratio of 0.15%.

FVAL aims to capitalize on undervalued stocks by identifying companies with low prices relative to their fundamental financial metrics. The fund's strategy focuses on stocks that have historically outperformed the market, offering investors exposure to potentially cheap equities within the market.

FIDELITY VALUE FACTOR ETF (FVAL) ETF — Price, Holdings & Analysis

The Fidelity Value Factor ETF (FVAL) is an equity ETF with $1.14 billion in assets under management and an expense ratio of 0.15%. FVAL aims to capitalize on undervalued stocks by identifying companies with low prices relative to their fundamental financial metrics. The fund's strategy focuses on stocks that have historically outperformed the market, offering investors exposure to potentially cheap equities within the market.

ETF Overview

Capitalizes on cheap stocks, with low prices relative to fundamentals, which have historically outperformed the market over time.

The Fidelity Value Factor ETF (FVAL) seeks to provide investment results that correspond to the performance of undervalued stocks. FVAL invests in companies with low prices relative to fundamentals. The fund's top holdings include major technology companies such as NVIDIA Corp (7.11%), Apple Inc (6.48%), and Alphabet Inc Class A (5.12%), indicating a significant allocation to the technology sector. The fund's sector allocation reveals a heavy weighting towards Technology (30.2%), followed by Financial Services (11.9%), and Consumer Cyclical (9.9%). This ETF could be suitable for investors seeking exposure to potentially undervalued stocks with a tilt towards the technology sector. FVAL's investment strategy is designed for investors looking for long-term capital appreciation through value investing.

Risk Metrics

FVAL's risk profile is influenced by its sector concentration, with approximately 30.2% of its assets allocated to the Technology sector, which could lead to increased volatility if the technology sector underperforms. The fund's beta of 0.92 suggests that it is slightly less volatile than the overall market. The expense ratio of 0.15% can create a slight drag on performance, but is relatively low. The fund's holdings are concentrated in a relatively small number of stocks, with the top 8 holdings accounting for approximately 34.57% of the fund's total assets, which means that the performance of a few key stocks can significantly impact the fund's overall performance. these may be worth researching factors when evaluating FVAL's risk profile.

Expense Ratio

0.15%

What does FVAL hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.11%
Apple Inc (AAPL)	6.48%
Alphabet Inc Class A (GOOGL)	5.12%
Microsoft Corp (MSFT)	4.95%
Amazon.com Inc (AMZN)	3.58%
Broadcom Inc (AVGO)	2.96%
Meta Platforms Inc Class A (META)	2.41%
Berkshire Hathaway Inc Class B (BRK-B)	1.96%

How Is the Fund Allocated?

Sector	Weight
Technology	30.2%
Financial Services	11.9%
Consumer Cyclical	9.9%
Healthcare	9.6%
Communication Services	9.6%
Industrials	8.7%
Consumer Defensive	4.9%
Energy	4.2%
Cash & Others	4.1%
Real Estate	2.6%
Basic Materials	2.2%
Utilities	2.1%

Country	Weight
United States	93.4%
Other	4.0%
United Kingdom	1.1%
Ireland	1.0%
Bermuda	0.5%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

FIDELITY DISRUPTIVE FINANCE ETF (FDFF) (Equity) — 0.50% expense ratio
FIDELITY LOW VOLATILITY FACTOR ETF (FDLO) (Equity) — 0.15% expense ratio
FIDELITY WOMENS LEADERSHIP ETF (FDWM) (Equity) — 0.62% expense ratio
FIDELITY MSCI CONSUMER DISCRETIONARY INDEX ETF (FDIS) (Equity) — 0.08% expense ratio
FIDELITY ETHEREUM FUND (FETH) (Equity) — 0.25% expense ratio
FIDELITY CORPORATE BOND ETF (FCOR) (Equity) — 0.36% expense ratio

Risk Metrics

Beta: 0.92

Questions & Answers

What is FVAL and what does it track?

FVAL, or the Fidelity Value Factor ETF, is an exchange-traded fund that aims to track the performance of undervalued stocks.

The ETF focuses on identifying companies with low prices relative to their fundamental financial metrics, such as earnings, book value, and cash flow.

What is the expense ratio for FVAL?

The expense ratio for FVAL is 0.15%. This means that for every $10,000 invested in the fund, investors will pay $15 in annual fees to cover the fund's operating expenses.

The expense ratio is an important factor to consider when evaluating the overall cost of investing in an ETF, as it can impact the fund's net returns over time.

Is FVAL a good long-term investment?

Whether FVAL is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon.

FVAL's focus on undervalued stocks may provide an opportunity for long-term capital appreciation, but it also carries the risk of underperforming the broader market during periods when growth stocks are favored.

How does FVAL compare to similar ETFs?

FVAL distinguishes itself through its specific value factor strategy and its focus on identifying undervalued companies.

While other value ETFs may employ different methodologies or have different sector allocations, FVAL's approach is centered on stocks with low prices relative to their fundamentals. With AUM of $1.14 billion, FVAL is a mid-sized ETF in the value category.

Does FVAL pay dividends?

As of 2026-03-15, FVAL's dividend yield is 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield.

However, FVAL's focus is primarily on capital appreciation through value investing, rather than income generation.