FVAL ETF — Fidelity® Value Factor ETF

Fidelity® Value Factor ETF (FVAL)

Updated October 16, 2026.

FVAL is a low-cost ETF. its distribution rate is 1.24%, its trailing-12-month yield is 1.50%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 287.8% over the past 10.1 years, 29.5 points behind SPY at 317.3%.

Fidelity Value Factor ETF is an ETF that tracks the Fidelity U.S. Value Factor Index, investing at least 80% of assets in large and mid-capitalization U.S. companies selected for attractive valuations. The fund distributes quarterly at a modest current distribution rate, carries an expense ratio of 0.15%, and may lend securities to generate additional income.

FVAL performance versus SPY

Price and return data through 2026-10-16.

Total return is 287.8% over the past 10.1 years, 29.5 points behind SPY at 317.3%. Over the past year its total return — price change plus distributions reinvested — is 22.3%. Its deepest 1-year drawdown was 8.9%.

FVAL key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

1.20%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

09/12/2016

Expense ratio

0.15%

Distribution rate

1.24%

Distribution frequency

Quarterly

Trailing yield

1.50%

Last close

$82.09 (as of 2026-10-16)

AUM

$1,376,849,877

Average volume

37272.0

Dividend

$0.254

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

0.93

How Dividend Vision calculates yield and returns

Distribution rate (1.24%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.50%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FVAL risks and drawbacks

FVAL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.9%.

Who may consider FVAL — and who may not

FVAL may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FVAL pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FVAL

• All tickers starting with F

Tagged: Value.

Frequently asked questions

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