FVAL | Fidelity Value Factor ETF

FVAL ISSUER

FVAL issuer, managed by the Fidelity Group of Funds, focuses on investing at least 80% of its assets in securities aligned with the Fidelity U.S. Value Factor IndexSM. This index is meticulously crafted to mirror the performance of large and mid-capitalization U.S. companies characterized by appealing valuations. Embracing a strategic approach, FVAL aims to capitalize on opportunities within the value investing landscape. Moreover, the fund adopts a proactive stance by engaging in securities lending activities to generate additional income. This practice underscores FVAL's commitment to maximizing returns for investors while maintaining prudent risk management measures. With its blend of value-focused investment strategies and innovative income-generation techniques, FVAL remains poised to navigate the dynamic landscape of the financial markets.

FVAL DIVIDEND

FVAL Dividend, managed by the Fidelity Group of Funds, is dedicated to providing investors with exposure to dividend-paying stocks while adhering to a value-oriented investment approach. With a focus on securities included in the Fidelity U.S. Value Factor IndexSM, the fund targets large and mid-capitalization U.S. companies that exhibit attractive valuations alongside a history of consistent dividend payments. By investing at least 80% of its assets in such securities, FVAL Dividend seeks to capture the potential for both capital appreciation and regular income generation. Through diligent security selection and a commitment to dividend-paying companies, the fund aims to deliver a compelling investment proposition for income-oriented investors seeking exposure to the U.S. equity market.

FVAL TRACKING

FVAL Tracking, managed by the Fidelity Group of Funds, is designed to closely mirror the performance of the Fidelity U.S. Value Factor IndexSM. The fund typically invests at least 80% of its assets in securities that are included in this index, focusing on large and mid-capitalization U.S. companies characterized by attractive valuations. By tracking the index, FVAL Tracking aims to provide investors with a cost-effective way to gain exposure to the U.S. equity market's value segment. With a disciplined investment approach and a commitment to closely following the index's composition and performance, FVAL Tracking offers investors the potential to benefit from the inherent advantages of passive investing while targeting returns consistent with the broader value factor.

FVAL CORRELATION

FVAL Correlation, managed by the Fidelity Group of Funds, aims to provide investors with exposure to a diversified portfolio of U.S. equities while focusing on maintaining low correlation to traditional market benchmarks. By investing at least 80% of its assets in securities included in the Fidelity U.S. Value Factor IndexSM, the fund targets large and mid-capitalization companies that exhibit attractive valuations. Through its unique investment strategy, FVAL Correlation seeks to mitigate risk by selecting securities that may behave differently from those typically found in broader market indices. This approach is designed to offer investors the potential for enhanced diversification within their portfolios, helping to reduce overall volatility and potentially improve risk-adjusted returns over the long term. With its focus on low correlation and value-oriented investing principles, FVAL Correlation aims to provide a valuable complement to traditional market exposures for investors seeking to manage risk effectively while pursuing their investment objectives.

FVAL SECTOR

FVAL Sector, managed by the Fidelity Group of Funds, is strategically positioned to provide investors with exposure to specific sectors within the U.S. equity market while adhering to a value-oriented investment approach. The fund invests at least 80% of its assets in securities included in the Fidelity U.S. Value Factor IndexSM, focusing on large and mid-capitalization companies that exhibit attractive valuations within targeted sectors. By honing in on sector-specific opportunities, FVAL Sector aims to capture potential value within industries that may be overlooked or undervalued by broader market indices. This targeted approach allows investors to tailor their exposure to specific sectors while benefiting from Fidelity's expertise in identifying companies with strong fundamentals and attractive valuations. Whether seeking exposure to particular industries or aiming to diversify their portfolios, investors can rely on FVAL Sector to provide a focused yet diversified investment solution within the U.S. equity market.

FVAL EXPOSURE

FVAL Exposure, managed by the Fidelity Group of Funds, offers investors a strategic avenue to gain exposure to the U.S. equity market through a value-focused lens. With a primary objective of investing at least 80% of its assets in securities included in the Fidelity U.S. Value Factor IndexSM, the fund targets large and mid-capitalization companies exhibiting attractive valuations. By leveraging this index, FVAL Exposure seeks to capture the potential for capital appreciation while emphasizing companies with strong fundamentals and compelling valuations. This approach provides investors with a diversified exposure to the U.S. equity market, harnessing the power of value investing principles to potentially enhance long-term returns. FVAL Exposure offers investors a transparent and cost-effective solution to access value-oriented investment opportunities within the dynamic landscape of the U.S. equity market.