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Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Value Factor ETF

FVAL | ETF

$54.93

$784 M

1.80%

$0.99

0.15%

Vitals

YTD Return

4.1%

1 yr return

20.6%

3 Yr Avg Return

7.2%

5 Yr Avg Return

11.9%

Net Assets

$784 M

Holdings in Top 10

33.7%

52 WEEK LOW AND HIGH

$55.4
$45.08
$57.05

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Value Factor ETF

FVAL | ETF

$54.93

$784 M

1.80%

$0.99

0.15%

FVAL - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity Value Factor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 15, 2016
  • Shares Outstanding
    10600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor IndexSM, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.Lending securities to earn income for the fund.
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FVAL - Performance

Return Ranking - Trailing

Period FVAL Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -4.0% 15.6% 58.10%
1 Yr 20.6% -10.8% 35.4% 12.46%
3 Yr 7.2%* -4.7% 30.1% 30.23%
5 Yr 11.9%* -1.2% 42.9% 11.10%
10 Yr N/A* 1.1% 24.5% 69.23%

* Annualized

Return Ranking - Calendar

Period FVAL Return Category Return Low Category Return High Rank in Category (%)
2023 20.9% -24.9% 46.1% 1.66%
2022 -15.9% -65.1% 4.6% 77.93%
2021 28.4% -44.2% 57.5% 4.92%
2020 6.9% -23.2% 285.0% 7.93%
2019 27.8% -21.4% 48.5% 3.75%

Total Return Ranking - Trailing

Period FVAL Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -4.0% 15.6% 58.10%
1 Yr 20.6% -10.8% 35.4% 12.46%
3 Yr 7.2%* -4.7% 30.1% 30.23%
5 Yr 11.9%* -1.2% 42.9% 11.10%
10 Yr N/A* 1.1% 24.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FVAL Return Category Return Low Category Return High Rank in Category (%)
2023 23.1% -15.9% 46.7% 3.49%
2022 -14.4% -42.0% 8.5% 96.54%
2021 30.3% 3.6% 129.7% 12.12%
2020 9.1% -22.6% 304.8% 12.87%
2019 30.3% -12.7% 52.1% 8.08%

FVAL - Holdings

Concentration Analysis

FVAL Category Low Category High FVAL % Rank
Net Assets 784 M 1.09 M 163 B 50.26%
Number of Holdings 129 2 1689 22.65%
Net Assets in Top 10 235 M 420 K 33.9 B 48.66%
Weighting of Top 10 33.65% 4.8% 99.9% 27.52%

Top 10 Holdings

  1. MICROSOFT CORP 7.63%
  2. APPLE INC 6.91%
  3. ALPHABET INC CL A 3.81%
  4. AMAZON.COM INC 3.60%
  5. META PLATFORMS INC CL A 2.29%
  6. BROADCOM INC 2.13%
  7. BERKSHIRE HATHAWAY INC CL B 2.13%
  8. UNITEDHEALTH GROUP INC 1.77%
  9. JPMORGAN CHASE and CO 1.76%
  10. SALESFORCE INC 1.62%

Asset Allocation

Weighting Return Low Return High FVAL % Rank
Stocks 		99.66% 1.86% 108.42% 16.02%
Cash 		0.69% -0.79% 38.18% 66.32%
Other 		0.01% -3.53% 39.72% 27.13%
Preferred Stocks 		0.00% 0.00% 13.88% 19.81%
Convertible Bonds 		0.00% 0.00% 3.66% 16.84%
Bonds 		0.00% -0.71% 73.23% 19.47%

Stock Sector Breakdown

Weighting Return Low Return High FVAL % Rank
Technology 		23.74% 0.00% 54.02% 3.38%
Financial Services 		14.64% 0.00% 58.05% 86.38%
Healthcare 		14.53% 0.00% 30.08% 79.18%
Consumer Cyclical 		10.68% 0.00% 22.74% 8.15%
Industrials 		9.01% 0.00% 42.76% 78.66%
Communication Services 		8.10% 0.00% 26.58% 17.95%
Consumer Defense 		5.67% 0.00% 34.10% 79.79%
Energy 		4.77% 0.00% 54.00% 80.75%
Real Estate 		3.17% 0.00% 90.54% 42.24%
Utilities 		2.87% 0.00% 27.04% 71.03%
Basic Materials 		2.82% 0.00% 21.69% 64.96%

Stock Geographic Breakdown

Weighting Return Low Return High FVAL % Rank
US 		99.66% 1.86% 108.42% 14.64%
Non US 		0.00% 0.00% 27.89% 41.09%

FVAL - Expenses

Operational Fees

FVAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 14.82% 97.23%
Management Fee 0.15% 0.00% 1.50% 3.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FVAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

FVAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FVAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 488.00% 55.98%

FVAL - Distributions

Dividend Yield Analysis

FVAL Category Low Category High FVAL % Rank
Dividend Yield 1.80% 0.00% 38.54% 70.59%

Dividend Distribution Analysis

FVAL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

FVAL Category Low Category High FVAL % Rank
Net Income Ratio 1.50% -1.51% 4.28% 39.91%

Capital Gain Distribution Analysis

FVAL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FVAL - Fund Manager Analysis

Managers

Louis Bottari

Start Date

Tenure

Tenure Rank

Sep 12, 2016

5.72

5.7%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.

Peter Matthew

Start Date

Tenure

Tenure Rank

Sep 12, 2016

5.72

5.7%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.

Robert Regan

Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.

Payal Gupta

Start Date

Tenure

Tenure Rank

Jun 30, 2019

2.92

2.9%

Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.

Navid Sohrabi

Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.75

2.8%

Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to joining Geode, Mr. Sohrabi worked at DWS, most recently as an index portfolio manager. Mr. Sohrabi was Vice President with Deutsche Asset Management and has served as a Portfolio Manager and quantitative multi-asset strategist in the Passive Asset Management business since 2015. Prior to joining Deutsche Bank, Mr. Sohrabi served as a derivatives trader for several institutional asset managers and commodity trading advisors where he developed and managed systematic risk and trading strategies in equities, options, fx and futures. Mr. Sohrabi earned a BA in neurobiology from the University of California, Berkley, and a Masters of Financial Engineering from the Anderson School of Management at the University of California, Los Angeles and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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