Fidelity Value Factor ETF
FVAL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Sep 15, 2016
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that tracks the Fidelity U.S. Value Factor Index, providing exposure to large- and mid-capitalization U.S. companies exhibiting attractive valuations based on fundamental metrics including price-to-earnings, price-to-book, price-to-sales, and price-to-tangible book value ratios; the index employs a tier-weighted methodology that emphasizes securities with superior value characteristics while maintaining sector neutrality. The ETF holds approximately 130 stocks, with top holdings including NVIDIA Corporation (NVDA, ~7.9%), Apple Inc. (AAPL, ~7.0%), Microsoft Corporation (MSFT, ~6.8%), Alphabet Inc. (GOOGL, ~4.5%), and Amazon.com, Inc. (AMZN, ~3.7%), representing over 40% of assets under management, which stand at roughly $1.06 billion as of late 2025; it distributes quarterly dividends, with a trailing twelve-month yield of 1.49% and an expense ratio of 0.16%. Launched on September 12, 2016, FVAL is issued by Fidelity Covington Trust, a series of which operates from Fidelity's headquarters in Boston, Massachusetts, and trades on the NYSE Arca exchange primarily targeting investors seeking smart beta strategies in the large value equity segment. FVAL operates within the U.S. equity market, focusing on domestic large-cap and mid-cap value stocks across diversified sectors such as technology, consumer discretionary, financials, and healthcare, without the typical overweighting in financials seen in many peer value funds. Geographically, the fund invests exclusively in U.S.-listed securities, serving institutional and retail investors through brokerage platforms. No significant partnerships, acquisitions, funding rounds, or structural reorganizations specific to FVAL have been reported in the last 1-2 years; the ETF has maintained steady operations amid broader Fidelity initiatives, including ETF suite expansions and unrelated fund mergers in 2025. Recent performance highlights include year-to-date returns exceeding 18% as of December 2025 and total returns of approximately 17% over the past year, reflecting resilient value-oriented outperformance in a growth-dominated market.