Fidelity® International Value Factor ETF (FIVA)

Overview

The Fidelityu00ae International Value Factor ETF (FINV) seeks to provide investment returns that correspond to the performance of the Fidelityu00ae International Value Factor Index. It focuses on international equities that exhibit characteristics of value, such as low price-to-earnings and price-to-book ratios, and high dividend yields.

Reputation and Reliability

Fidelity Investments is one of the largest and most reputable financial services companies in the world, known for its extensive research capabilities, diverse product offerings, and strong track record in asset management.

Management Expertise

Fidelity employs a team of experienced portfolio managers and research analysts with deep expertise in global equity markets and factor-based investing strategies.

Goal

To track the performance of the Fidelityu00ae International Value Factor Index, providing investors with exposure to international value stocks.

Investment Approach and Strategy

Strategy: FINV aims to replicate the performance of its underlying index, which is designed to capture international equities exhibiting value characteristics.

Composition The ETF primarily holds a diversified portfolio of international equities (stocks) selected based on the index's methodology, focusing on companies with strong value indicators.

Market Share: Information on specific market share for this ETF within its niche is not readily available publicly and is highly dynamic.

Total Net Assets (AUM): 2180000000

Key Competitors

• iShares MSCI EAFE Value ETF (EFV)
• Vanguard FTSE Developed Markets ETF (VEA)
• iShares MSCI ACWI ex U.S. ETF (ACWX)

Competitive Landscape

The international value ETF landscape is competitive, with established players offering broad exposure or specific value tilts. FINV competes by offering a factor-based approach to international value investing. Its advantages include Fidelity's brand recognition and research capabilities. Disadvantages might include a smaller AUM compared to larger, more established international ETFs and potentially a more specific factor focus that may not appeal to all investors.

Historical Performance: FINV has demonstrated consistent performance, tracking its benchmark closely. Over the past 1, 3, and 5 years, its total returns have been competitive within the international value ETF space, though subject to market fluctuations.

Benchmark Comparison: FINV generally performs in line with its underlying index, the Fidelityu00ae International Value Factor Index. Deviations are typically minimal and are related to tracking error and expense ratios.

Expense Ratio: 0.29

Average Trading Volume

The ETF exhibits moderate average daily trading volume, indicating reasonable liquidity for most retail investors.

Bid-Ask Spread

The bid-ask spread for FINV is generally tight, reflecting good trading efficiency and low transaction costs for investors.

Market Environment Factors

FINV's performance is influenced by global economic growth, currency fluctuations, interest rate policies in developed and emerging markets, and investor sentiment towards value stocks versus growth stocks. Geopolitical events also play a significant role.

Growth Trajectory

The ETF has experienced steady growth in assets under management since its inception, reflecting increasing investor interest in factor-based international equity strategies. Its holdings are adjusted quarterly to align with the Fidelityu00ae International Value Factor Index methodology.

Competitive Edge

FINV benefits from Fidelity's strong brand, extensive research infrastructure, and established distribution network. Its factor-based approach offers a disciplined, rules-based method for accessing international value equities, appealing to investors seeking systematic exposure to this investment style. The ETF's focus on specific value characteristics aims to deliver consistent performance by identifying undervalued international companies.

Volatility

FINV's historical volatility is comparable to broad international equity market indices, with fluctuations driven by global market conditions and sector-specific performance.

Market Risk

The ETF is subject to market risks inherent in international equities, including currency risk, political risk in foreign countries, economic instability, and changes in international trade policies. Value stocks can also underperform growth stocks during certain market cycles.

Ideal Investor Profile

FINV is suitable for investors seeking diversified exposure to international equities with a specific focus on value-oriented companies. It's ideal for those who believe in the long-term efficacy of value investing and want to diversify their global equity holdings.

Market Risk

This ETF is best suited for long-term investors who are looking to incorporate a value tilt into their international equity allocation and are comfortable with the inherent risks of investing in global markets.

The Fidelityu00ae International Value Factor ETF (FINV) offers a systematic approach to investing in international equities with a value tilt, tracking the Fidelityu00ae International Value Factor Index. Backed by the reputation of Fidelity Investments, it provides diversified exposure to companies exhibiting value characteristics. While facing competition, its factor-based strategy and research capabilities present a compelling option for long-term investors seeking international value exposure.

Data Sources:

• Fidelity Investments Official Website
• Financial Data Providers (e.g., Morningstar, ETF.com)

Disclaimers:

This information is for educational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Investors should consult with a qualified financial advisor before making any investment decisions.