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FVAL ETF · Fidelity Value Factor ETF
The FVAL Exchange Traded Fund (ETF) is provided by Fidelity. It is built to track an index: Fidelity U.S. Value Factor Index. The FVAL ETF provides physical exposure, so by buying it you actually own parts of all the 123 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 7/2/2026, 1:30 PM UTC
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This fund is part ofUS Large Cap Value1M perf.+2.50%
Last price
$78.48
1M perf.
-2.12%
1M flows
+€10M
AuM
€1.11B
TER
0.15%
Rating
FVAL
$78.48
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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FVAL
$78.47
+12.79%
US Large Cap Value
+12.47%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.12%  | +12.79%  | +24.03% | +67.71% | +75.98% | +0.72% | +0.72% | +9.44% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
7/2/2026
$78.47
1D NAV change
+0.60%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
123
Inception date
9/12/2016
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor IndexSM. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +12.79% | +24.03% | +67.71% | +75.98% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
97.53%
Unavailable
0.50%
Other
1.97%
Sectors
Technology
42.34%
Finance
14.19%
Healthcare
9.81%
Consumer Non-Cyclicals
9.31%
Industrials
8.62%
Consumer Cyclicals
3.74%
Energy
3.40%
Non-Energy Materials
2.83%
Unavailable
0.50%
Other
5.25%
Diversification
Total weight of top 15 holdings out of 123
Top 15 holdings
Data as of May 31, 2026
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Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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FVAL
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Fidelity
Fidelity ID Card
Number of funds
210
Total AuM
€204.37B
Expense ratio range
0.05% - 1.5%
Average expense ratio
0.4324%
Top 5 funds by Fidelity
| AuM | ||
|---|---|---|
FBND | Fidelity Total Bond ETF | €23.36B |
FTEC | Fidelity MSCI Information Technology Index ETF | €17.97B |
FBTC | Fidelity Wise Origin Bitcoin Fund | €9.34B |
ONEQ | Fidelity NASDAQ Composite Index ETF | €9.21B |
FENI | Fidelity Enhanced International ETF | €9.06B |
Frequently asked questions about FVAL
What does Fidelity Value Factor ETF, FVAL, invest in?
FVAL is a Passive ETF. This ETF provides exposure to Other Large and Mid-Cap US Equities.
Which benchmark or index does FVAL replicate?
FVAL tracks the Fidelity U.S. Value Factor Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of FVAL?
FVAL carries a total expense ratio (TER) of 0.15%, indicating the annual cost for holding the fund.
When was FVAL launched?
FVAL was introduced to the market on September 12, 2016. It trades on United States
Who is the ETF issuer of FVAL?
Fidelity Value Factor ETF, FVAL, is provided by Fidelity. Learn more about Fidelity here.
What is the current assets under management (AUM) of FVAL?
FVAL oversees €1.11B in assets as of July 2, 2026.
How has FVAL performed lately?
Based on data from July 2, 2026, FVAL returned -2.12% over the past month, 12.79% over the last three months and 9.44% year-to-date.
What are the latest inflows or outflows for FVAL?
As of July 2, 2026, FVAL recorded net flows of +€10M over the last month and +€52M year-to-date.
Does FVAL distribute dividends?
FVAL follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 1.60%.
What are the main country or region exposures of FVAL?
As of May 31, 2026, FVAL has significant geographic allocations in USA.
In which sector or theme does FVAL invest in?
As of May 31, 2026, FVAL focuses largely on Technology, Finance and Healthcare.
How many securities does FVAL hold and how diversified is it?
As of May 31, 2026, FVAL holds 123 positions in its portfolio, with 49.58% of assets concentrated in its top 15 holdings.
What are the main positions in FVAL?
As of May 31, 2026, FVAL top three holdings include NVIDIA Corp., Apple, Inc. and Alphabet, Inc..
What is the base currency of FVAL?
The base currency of FVAL is USD.
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