# Fidelity Value Factor ETF (FVAL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fval for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Passive Index · Inception: 2016-09-12 The Fidelity Value Factor ETF strategically invests in companies whose shares are trading at attractive valuations, meaning their market prices are low when compared to their underlying financial strength and fundamentals. This investment approach has a documented history of generating superior returns compared to the broader market over extended periods. ## Key Facts | Metric | Value | |---|---| | Price | $82.85 | | Expense Ratio | 0.15% | | Assets Under Management | $1.35B | | NAV | $82.87 | | Holdings Count | 130 | | Distribution Yield (TTM) | 1.48% | | Annual Distribution (TTM) | $1.23 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $67.20 – $83.71 | | Beta | 0.94 | ## Latest Distribution - Amount: $0.2540 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-22 ## Frequently Asked Questions ### What does FVAL invest in? The Fidelity Value Factor ETF strategically invests in companies whose shares are trading at attractive valuations, meaning their market prices are low when compared to their underlying financial strength and fundamentals. This investment approach has a documented history of generating superior returns compared to the broader market over extended periods. ### What is the expense ratio of FVAL? Fidelity Value Factor ETF (FVAL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FVAL? Fidelity Value Factor ETF (FVAL) manages $1.35B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FVAL actively managed or an index fund? FVAL is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FVAL's is 0.15%) because there's no security selection cost. ### When was FVAL launched? Fidelity Value Factor ETF (FVAL) launched in September 2016 and is managed by Fidelity. ### How has FVAL performed? FVAL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FVAL pay a dividend? Fidelity Value Factor ETF (FVAL) currently distributes little or no income. Trailing-twelve-month yield is 1.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FVAL pay dividends? Fidelity Value Factor ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FVAL's dividend yield? FVAL's trailing-twelve-month yield is 1.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is FVAL's next ex-dividend date? The most recently announced ex-dividend date for FVAL was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FVAL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.15% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FVAL charge its expense ratio? The expense ratio is deducted in tiny daily slices from FVAL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FVAL cost more than a fund like VOO? FVAL is a passive index fund (current expense ratio 0.15%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FVAL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FVAL (0.15%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fval - Distribution history: https://www.dividenddata.com/funds/fval/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fval/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fval/expenses - Peer comparison: https://www.dividenddata.com/funds/fval/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.