Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF is an exchange-traded fund that focuses on providing exposure to international equity markets through a value investing approach. This ETF primarily seeks to invest in stocks of non-U.S. companies that are fundamentally undervalued relative to their peers, allowing investors to tap into growth opportunities in various global markets while potentially benefiting from value-oriented stock selection. By using quantitative analysis to identify securities that exhibit strong value characteristics, this ETF targets companies with higher expected returns based on factors such as low price-to-book ratios and other financial metrics. The fund diversifies across different sectors and regions, offering investment in developed and emerging markets outside of the United States. The Fidelity International Value Factor ETF plays a significant role in diversifying an investor's portfolio by providing exposure to international value stocks, thus allowing for potential risk mitigation and enhanced returns. As global markets can often be influenced by different economic cycles than the U.S., this ETF can serve as a strategic component in achieving international diversification within an investment strategy.