ATLASFidelity Value Factor ETF (FVAL): outlook, holdings and fees
Fidelity Value Factor ETF (FVAL) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.15% and the yield is 1.54%. The ten largest holdings are 41% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FVAL
| Last price | $82.54 (+0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $81.39 – $84.60 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 1.54% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FVAL fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | US value |
| Assets under management | $1.4B |
| Expense ratio | 0.15% |
| Number of holdings | 49 |
| Portfolio turnover | 44% |
| Inception | Sep 12, 2016 |
| Exchange | NYSE |
The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index", which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations. It may lend securities to earn income for the fund.
FVAL top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 7.74% |
| Apple Inc. AAPL | Technology | 7.55% |
| Microsoft Corporation MSFT | Technology | 6.07% |
| Alphabet Inc Class A GOOGL | Communication Services | 4.87% |
| Amazon.com Inc AMZN | Consumer Cyclical | 3.66% |
| Broadcom Inc AVGO | Technology | 2.97% |
| Micron Technology Inc MU | Technology | 2.55% |
| Meta Platforms Inc. META | Communication Services | 2.34% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 1.89% |
| Eli Lilly and Company LLY | Healthcare | 1.64% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FVAL sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.0% |
| Financial Services | 12.5% |
| Healthcare | 9.5% |
| Communication Services | 9.0% |
| Consumer Cyclicals | 8.7% |
| Industrials | 7.1% |
| Consumer Defensive | 4.6% |
| Energy | 4.0% |
| Basic Materials | 2.4% |
| Utilities | 1.7% |
| Real Estate | 1.6% |
By region: North America 99.6%, Asia Emerging 0.4%.
FVAL returns and risk
| Year to date | +15.6% |
|---|---|
| 1 year | +23.4% |
| 3 years (annualised) | +22.2% |
| 5 years (annualised) | +13.3% |
| 10 years (annualised) | +15.0% |
| Volatility (3 years) | 12.3% |
| Sharpe ratio (3 years) | 1.22 |
Past returns do not guarantee future results.
FVAL: frequently asked questions
What does FVAL invest in?
Fidelity Value Factor ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (7.7%), Apple Inc. (7.5%), Microsoft Corporation (6.1%), Alphabet Inc Class A (4.9%), Amazon.com Inc (3.7%).
What is the FVAL expense ratio?
0.15% a year: about $15.00 for every $10,000 invested.
What is the FVAL dividend yield?
1.54%. ATLAS does not hold the exact distribution dates for ETFs.
Will FVAL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $81.39 to $84.60 from $82.54 today. It is a probability, not a prediction.
How has FVAL performed?
Year to date +15.6%, one year +23.4%, three years +22.2% a year, five years +13.3% a year. Past returns do not guarantee future results.
Similar ETFs: US value
Educational information, not investment advice. Disclaimer