FOVL ISSUER

The issuer of the Focused Value Select ETF (FOVL) is BlackRock Fund Advisors (BFA), a renowned investment management firm. FOVL aims to track the performance of the Focused Value Select Index, which is an equal-weighted equity index provided by FTSE Russell. BFA utilizes an indexing approach for managing the fund, focusing on representative sampling to achieve its investment objective while minimizing costs and turnover.

FOVL DIVIDEND

The FOVL Dividend reflects the dividend distribution of the Focused Value Select Index (Underlying Index), an equity index provided by FTSE Russell. This index measures the performance of large- and mid-cap U.S. companies with prominent value factor characteristics. While the primary focus of the fund may be on tracking the Underlying Index, it still mirrors the dividend distribution of the constituent companies. The distributions are subject to the individual dividend policies and performances of the companies within the index, and investors may expect periodic dividend payouts based on their holdings in FOVL.

FOVL TRACKING

The BFA Focused Value Select ETF (FOVL) follows the Focused Value Select Index, an equity index provided by FTSE Russell. This index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics. FOVL's strategy is centered on aligning with the index by investing in a representative sample of securities that mirror the index's characteristics, aiming to deliver investment results that closely track the index's performance within the U.S. equity market.

FOVL CORRELATION

Analyzing the correlation of the Fidelity U.S. Value Factor ETF (FOVL) is crucial to understanding its behavior in relation to the broader U.S. equity market. Given FOVL's objective to track the performance of the Focused Value Select Index, its correlation with value stocks in the large- and mid-cap sector plays a significant role in portfolio management decisions. Investors seeking to comprehend FOVL's performance trends and correlations can utilize tools like the ETF Insider web app, which provides valuable data and visualizations, enabling them to explore correlations and overlaps with other US ETFs and assets.FOVL Sector

FOVL SECTOR

The Fidelity U.S. Focused Value Factor ETF (FOVL) predominantly focuses on the consumer discretionary and financials industries or sectors. The ETF's investment strategy seeks to capture the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, emphasizing factors like price-to-book, price-to-dividend, price-to-earnings, and price-to-cash flow from operations. With a concentration on these sectors, FOVL aims to provide exposure to companies with potential value-based opportunities within these industries.FOVL Exposure

FOVL EXPOSURE

The Fidelity U.S. Value Factor ETF (FOVL) focuses on providing exposure to U.S. companies with prominent value factor characteristics. This ETF seeks to replicate the performance of the Focused Value Select Index, which comprises large- and mid-capitalization U.S. companies. By targeting value-oriented stocks based on fundamental factors, FOVL's exposure offers investors a strategy to potentially capitalize on the value factor's potential for long-term outperformance. For comprehensive insights into exposure characteristics and detailed data on various U.S. ETFs, the ETF Insider web app is a valuable tool. It provides a user-friendly interface to visualize exposure, overlaps, correlations, and more, assisting investors in making informed decisions.

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