Key stats
About FIDELITY INTERNATIONAL VALUE ETF UNIT SER L
Expense ratio
0.70%
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Inception date
Jun 5, 2020
The fund is passively managed to target the international value equity space. The fund holds large- and mid-cap stocks in developed markets outside U.S. and Canada that are identified to be undervalued within their respective sectors based on a composite value score, subject to a size factor adjustment. The value score is generally taken from the weighted average of four metrics: free cash flow yield, EV/EBITDA, P/B, and forward P/E, except for banks wherein only P/B and forward P/E are considered. The resulting portfolio of about 60-100 stocks is weighted by value score and rebalanced on a semi-annual basis.
Classification
What's in the fund
Exposure type
Finance
Consumer Durables
Energy Minerals
Non-Energy Minerals
Stock breakdown by region