Fidelity Canadian Value ETF (FCCV.TO) is an exchange-traded fund that provides single-factor exposure to Canadian companies exhibiting attractive valuations, tracking the Fidelity Canada Canadian Value Index before its 2023 renaming; the ETF invests in growth and value stocks across diversified sectors including financials, materials, energy, communication services, industrials, health care and information technology, with top holdings such as Royal Bank of Canada, Toronto-Dominion Bank, Enbridge, Agnico Eagle Mines, Brookfield Corporation, Canadian Natural Resources, Bank of Montreal, Barrick Gold Corporation, Bank of Nova Scotia and Canadian Imperial Bank of Commerce representing approximately 40% of assets; it features quarterly distributions, a management expense ratio of 0.35%, semi-annual rebalancing, a dividend reinvestment program and medium volatility rating with holdings numbering around 66 securities focused on large- and mid-cap Canadian equities. Launched on June 5, 2020 and listed on the Toronto Stock Exchange, the ETF underwent a 3-for-1 unit subdivision effective March 4, 2021 and, effective December 1, 2023, was renamed from Fidelity Canadian Value Index ETF to Fidelity Canadian Value ETF as part of Fidelity Investments Canada ULC's broader product simplification initiative affecting multiple factor-based ETFs. Fidelity Investments Canada ULC, headquartered in Toronto, Ontario and established in 1987 as a subsidiary of Fidelity Management & Research Company (founded 1946), manages the ETF with co-management by Geode Capital Management, LLC, targeting Canadian investors seeking undervalued securities with long-term outperformance potential as a complement to diversified portfolios; the fund operates exclusively in Canadian public equity markets with net assets of approximately $458 million CAD as of mid-2025.