Fidelity Value Factor ETF (FVAL): Price and Financial Metrics ETF

Fidelity Value Factor ETF (FVAL) ETF Bio

The investment objective of the Fidelity Value Factor ETF will seek to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. The Fidelity U.S. Value Factor Index is designed to reflect the performance of stocks of large- and mid-cap U.S. companies that have attractive valuations. The index consists of stocks of companies with historically high free-cash-flow yields, low enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization), low price to tangible book value and low price to future earnings.