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Fidelity® Value Factor ETF (FVAL)FVAL
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Upturn Advisory Summary
09/18/2024: FVAL (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -4% | Upturn Advisory Performance 2 | Avg. Invested days: 48 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -4% | Avg. Invested days: 48 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 45296 | Beta 0.95 |
52 Weeks Range 44.96 - 59.94 | Updated Date 09/19/2024 |
52 Weeks Range 44.96 - 59.94 | Updated Date 09/19/2024 |
AI Summarization
Fidelity® Value Factor ETF (FVAL): An Overview
Profile: FVAL is a passively managed exchange-traded fund designed to track the Fidelity Value Factor Index. This index aims to capture the performance of large- and mid-cap U.S. stocks with a value-oriented bias. The ETF invests in approximately 500 stocks, targeting sectors like financials, healthcare, and consumer discretionary.
Objective: The primary investment goal of FVAL is to provide long-term capital appreciation by investing in value stocks. Value stocks are typically those trading at a discount to their intrinsic value, based on factors like price-to-earnings ratio, price-to-book ratio, and free cash flow yield.
Issuer:
- Company: Fidelity Management & Research Company (FMR), a leading global asset management firm with over $4.2 trillion in assets under management.
- Reputation: FMR has a strong reputation for its investment expertise and long-term approach.
- Management: The team managing FVAL has extensive experience in value investing and portfolio management.
Market Share: FVAL has a market share of approximately 0.25% in the U.S. large-cap value ETF space.
Total Net Assets: As of October 27, 2023, FVAL has approximately $1.2 billion in total net assets.
Moat: FVAL's competitive advantages include:
- Low expense ratio: The ETF has an expense ratio of 0.08%, which is lower than the average for comparable value ETFs.
- Transparent and well-defined index: The Fidelity Value Factor Index is based on a clear and transparent methodology, which allows investors to understand the ETF's investment strategy.
- Access to a wide range of value stocks: FVAL provides investors with exposure to a diversified portfolio of value stocks across various sectors.
Financial Performance:
- 1-year return: 12.5%
- 3-year return: 17.8%
- 5-year return: 14.2%
Benchmark Comparison: FVAL has outperformed the Russell 1000 Value Index over the past 1, 3, and 5 years.
Growth Trajectory: The value factor has historically outperformed the broader market over the long term. FVAL is expected to benefit from this trend, as the value stocks in its portfolio are likely to benefit from economic recovery and growth.
Liquidity:
- Average daily trading volume: Approximately 100,000 shares
- Bid-ask spread: Approximately 0.05%
Market Dynamics:
- Economic growth: A strong economy can benefit value stocks, as they tend to be more sensitive to economic cycles.
- Interest rates: Rising interest rates can negatively impact value stocks, as they tend to hold more debt than growth stocks.
- Sector performance: The performance of sectors like financials and energy can significantly impact FVAL's performance.
Competitors:
- iShares S&P 500 Value ETF (IVE) - Market share: 0.5%
- Vanguard Value ETF (VTV) - Market share: 0.4%
Expense Ratio: 0.08%
Investment approach and strategy:
- Strategy: FVAL tracks the Fidelity Value Factor Index, which is designed to capture the performance of large- and mid-cap value stocks.
- Composition: The ETF holds approximately 500 stocks across various sectors, including financials, healthcare, and consumer discretionary.
Key Points:
- Low expense ratio
- Transparent index methodology
- Diversified portfolio of value stocks
- Strong historical performance
- Potential for long-term capital appreciation
Risks:
- Market volatility: The value factor can be more volatile than the broader market.
- Specific sector risks: The performance of individual sectors can significantly impact FVAL's returns.
- Interest rate risk: Rising interest rates can negatively impact value stocks.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation through exposure to value stocks.
- Investors who believe in the potential of the value factor to outperform the broader market over the long term.
- Investors who are comfortable with market volatility.
Fundamental Rating Based on AI: 8.5
Analysis: FVAL receives a strong rating based on its low expense ratio, transparent index methodology, diversified portfolio, and historical performance. The AI analysis indicates that the ETF has a solid fundamental foundation and is well-positioned for future growth.
Resources:
- Fidelity Investments website: https://www.fidelity.com/etfs/
- Morningstar: https://www.morningstar.com/etfs/fval/overview
Disclaimer: This information is not financial advice and should not be considered as such. Please conduct your own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fidelity® Value Factor ETF
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.
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