(FIVA) Fidelity International - NYSE

The Fidelity International Value Factor ETF (FIVA) tracks the Fidelity International Value Factor Index, primarily investing in large- and mid-capitalization companies within developed markets outside of the United States. The fund employs a rules-based strategy to select equities demonstrating favorable valuation metrics relative to their peers. By focusing on international value, the fund often gains exposure to cyclical sectors such as financials and industrials, which typically trade at lower price-to-book or price-to-earnings multiples than growth-oriented technology firms.

FIVA maintains a mandate to invest at least 80% of its assets in index-eligible securities or representative depositary receipts. This structure provides diversified exposure to non-U.S. economies, where business models are frequently influenced by local regulatory frameworks and regional economic cycles. Investors looking for deeper insights into these fundamental metrics can find comprehensive data on ValueRay. Since its inception in 2018, the ETF has functioned as a vehicle for capturing the performance of undervalued international stocks within the Foreign Large Value category.