FVAL: FIDELITY VALUE FACTOR ETF
Fidelity Value Factor ETF (FVAL)
The Fidelity Value Factor ETF (FVAL) is designed to provide investors with exposure to a value-based strategy. Based on recent data, this ETF is characterized by strong price growth and a modest income distribution.
What this ETF is trying to do
FVAL invests in a diversified group of companies. As of October 12, 2026, the fund held 135 different assets. Its Top Holdings include several large technology and healthcare companies. The largest positions are NVIDIA Corp (8.29%), Apple Inc (7.32%), and Microsoft Corp (5.82%), followed by Alphabet Inc Class A (4.84%) and the Fidelity Cash Central Fund (4.82%).
What the numbers show
The ETF has seen significant growth in its share price over several timeframes:
• Year-to-Date: The price return is 13.91%.
• One Year: The price return is 18.89%.
• Three Year: The price return is 71.46%.
When looking at total return (which includes both price changes and distributions), the numbers are higher. The one-year total return is 20.87%, and the three-year total return is 80.32%. The five-year total return is 83.52%.
For a simple example, if an investor had put $10,000 into the ETF roughly one year ago at the estimated price of $69.24, the price-only growth would have increased that investment based on the 18.89% one-year price return.
Income and distribution explanation
FVAL provides cash distributions to its investors, usually on a quarterly basis. Over the last 12 months, it has made 4 payouts totaling $1.23 per share. This results in a distribution yield of approximately 1.49%.
It is important for beginners to remember that a distribution yield is not the same as total return. While this yield provides some cash income, the majority of the fund's recent gains have come from the increase in the share price.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, looking at price-based evidence, the ETF has an erosion score of 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• Strong Growth: The ETF has shown high price and total returns over one, three, and five-year periods.
• Stability: No price erosion was detected according to the erosion score.
• Diversification: The fund holds 135 different assets.
Cons
• Low Yield: The distribution yield is relatively low (1.49%) compared to ETFs specifically designed for high income.
Beginner takeaway
FVAL is a fund that has focused more on price growth than on providing high cash income. While it does pay quarterly distributions, its primary strength in recent years has been the increase in its share price.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 8.29% |
| 2 | APPLE INC | AAPL | 7.32% |
| 3 | MICROSOFT CORP | MSFT | 5.82% |
| 4 | ALPHABET INC CLASS A | GOOGL | 4.84% |
| 5 | FIDELITY CASH CENTRAL FUND | n/a | 4.82% |
| 6 | AMAZON.COM INC | AMZN | 3.38% |
| 7 | BROADCOM INC | AVGO | 2.89% |
| 8 | MICRON TECHNOLOGY INC | MU | 2.57% |
| 9 | META PLATFORMS INC CLASS A | META | 2.32% |
| 10 | BERKSHIRE HATHAWAY INC CLASS B | BRK-B | 1.82% |