FVAL ETF tracks value factor index with heavy allocation in tech sector, strong performance

From Nasdaq: 2024-09-02 06:20:07

The Fidelity Value Factor ETF (FVAL) was launched on 09/12/2016, offering exposure to the Large Cap Value category. Smart beta ETFs track non-cap weighted strategies to potentially outperform the market. FVAL, with $834.64 million AUM, seeks to mirror the Fidelity U.S. Value Factor Index at a low expense ratio of 0.15%.

Some investors believe exceptional stock selection can beat the market, prompting interest in smart beta ETFs. FVAL has a heavy allocation in Information Technology at 28.40%, with top holdings including Apple Inc, Microsoft Corp, and Alphabet Inc. Its performance has been strong, up 13.43% and 21.44% YTD and in the past year, with a beta of 1.02.

Fidelity Value Factor ETF provides an opportunity for investors seeking to outperform the market segment. Alternatives like Schwab U.S. Dividend Equity ETF and Vanguard Value ETF exist. Investors can explore cheaper, market cap weighted ETFs for lower risk options. For more information and ETF analysis, visit Zacks ETF Center and sign up for the free Fund Newsletter.



Read more at Nasdaq: Is Fidelity Value Factor ETF (FVAL) a Strong ETF Right Now?