FIVA: FIDELITY INTERNATIONAL VALUE FACTOR ETF
ETF Education Report: Fidelity International Value Factor ETF (FIVA)
What this ETF is trying to do
The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that focuses on international companies. While the specific strategy isn't detailed in the data, "value" funds typically look for companies that may be priced lower than what they are worth. This ETF holds 125 different companies.
Top Holdings
The following are some of the largest companies held in this fund (note that this is a partial list):
• ASML Holding NV (2.73%)
• Mitsubishi UFJ Financial Group Inc (1.77%)
• Roche Holding AG (1.52%)
• KDDI Corp (1.45%)
• Banco Santander SA (1.44%)
• Nestle SA (1.39%)
• The Toronto-Dominion Bank (1.38%)
• Toyota Motor Corp (1.37%)
• AstraZeneca PLC (1.30%)
• Novartis AG (1.28%)
Please remember that holdings can change over time.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return (how much the share price changed) and total return (the share price change plus any cash distributions received).
• Year-to-Date (YTD): The price return is approximately 10.66%, while the total return is approximately 13.51%.
• One Year: The price return was approximately 18.86%, and the total return was approximately 22.42%.
• Three Year: The price return was approximately 70.40%, and the total return was approximately 87.74%.
To give you an idea of price movement, the estimated price from roughly one year ago was $31.87. The current price is $37.88.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 2.85%. This number describes the cash paid out relative to the ETF's price.
The fund usually pays these distributions quarterly, and it has made 4 payments over the last 12 months. It is important to remember that a distribution yield is not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. Some investors worry about this because they want to make sure their original investment stays stable while they collect income.
For FIVA, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• It has a high income rating grade of "A."
Cons
• As with all ETFs, the value of your investment can go up or down based on market changes.
• The list of holdings provided is only a partial view of the total 125 companies in the fund.
Beginner takeaway
When studying FIVA, notice the difference between price return and total return. The total return is higher because it includes the cash distributions paid to investors. Also, keep in mind that while this fund provides regular income, a high yield alone does not guarantee how the share price will behave in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML HOLDING NV | n/a | 2.73% |
| 2 | MITSUBISHI UFJ FINANCIAL GROUP INC | n/a | 1.77% |
| 3 | ROCHE HOLDING AG ORDINARY SHARES NEW | n/a | 1.52% |
| 4 | KDDI CORP | n/a | 1.45% |
| 5 | BANCO SANTANDER SA | n/a | 1.44% |
| 6 | NESTLE SA | n/a | 1.39% |
| 7 | THE TORONTO-DOMINION BANK | n/a | 1.38% |
| 8 | TOYOTA MOTOR CORP | n/a | 1.37% |
| 9 | ASTRAZENECA PLC | AZN | 1.30% |
| 10 | NOVARTIS AG REGISTERED SHARES | n/a | 1.28% |