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.
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.
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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. FVAL's investment strategy involves selecting stocks that are considered to be undervalued by the market, with the expectation that their prices will eventually reflect their intrinsic value. The fund's top holdings include companies like NVIDIA Corp, Apple Inc, and Alphabet Inc, reflecting a blend of value and growth characteristics within its portfolio.
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. While there isn't a defined category average for value factor ETFs, FVAL's expense ratio is relatively competitive compared to other equity ETFs.
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. The fund's expense ratio of 0.15% is relatively low, which can help to minimize the impact of fees on long-term returns. Past performance does not guarantee future results, and investors should carefully consider their own circumstances before making any investment decisions.
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. Its expense ratio of 0.15% is competitive, potentially lower than some actively managed value funds but higher than the lowest cost index tracking ETFs.
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.