(FIVA) Fidelity International - Ratings and Ratios

The Fidelity® International Value Factor ETF (NYSE ARCA: FIVA) is designed to provide exposure to large- and mid-capitalization companies in developed international markets that exhibit attractive valuations. The fund typically invests at least 80% of its assets in securities included in the Fidelity International Value Factor Index, as well as depositary receipts representing these securities. The index is constructed to capture the performance of companies with strong value characteristics, such as low price-to-earnings ratios, low price-to-book ratios, and high dividend yields. This approach aims to identify undervalued companies with potential for long-term growth.

As a foreign large value ETF, FIVA focuses on developed markets outside the U.S., offering investors a way to diversify their portfolios geographically. The funds strategy emphasizes a rules-based, passive approach, tracking the performance of its underlying index. By targeting companies with attractive valuations, FIVA seeks to capitalize on opportunities in international markets where valuations may be depressed relative to fundamentals.