Using value factor ETFs
The value factor seeks lower-cost securities that are undervalued relative to their intrinsic value. Less expensive securities that could beat expectations may offer investors more upside.
-
NAV $13.48
$0.04 / 0.31%
- Inception 03-Jun-2025
- Benchmark Fidelity Canada International Value Index
-
MER 1.84%31-Mar-2026
- Distributions
- Morningstar category International Equity
- Also available through Trust US$ and ETF CDN$
- Get Fund Facts
Calendar returns (%) 31-Aug-2026
| YTD 2026 | |
|---|---|
| Fund | 19.06 |
Standard period returns (%) 31-Aug-2026
| 1 mo | 3 mo | 6 mo | 1 yr | Inception | |
|---|---|---|---|---|---|
| Fund | -1.38 | 6.52 | 5.02 | 32.57 | 33.56 |
Why invest in this fund?
- Single-factor exposure to companies that exhibit attractive valuations.
- An outcome-oriented approach that seeks to identify undervalued securities with an opportunity to outperform over the long term.
- An efficient complement to a well-diversified portfolio.
Risk measures
Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.
Risk classification
- Low
- Low to medium
- Medium
- Medium to high
- High
This fund has a medium volatility rating
Allocation
Asset mix (%)
31-Jul-2026
Country mix (%)
31-Jul-2026
Sector mix (%)
31-Jul-2026
| 12 months ago | Last month | Current month | |
|---|---|---|---|
| Financials
|
33.0 | 32.4 | 33.1 |
| Consumer Disc.
|
4.1 | 15.7 | 15.7 |
| Industrials
|
12.2 | 13.2 | 13.2 |
| Consumer Staples
|
0.8 | 13.0 | 12.7 |
| Energy
|
10.3 | 10.4 | 11.7 |
| Real Estate
|
10.2 | 8.3 | 8.6 |
| Health Care
|
4.5 | 3.6 | 3.5 |
| Information Technology
|
1.8 | 2.9 | 2.0 |
| Multi Sector
|
0.4 | 0.7 | 0.4 |
| Materials
|
12.2 | - | - |
| Communication Services
|
- | - | - |
| Utilities
|
11.3 | - | - |
Top ten holdings
- Klépierre S.A.
- Shell
- TotalEnergies
- Nestlé (Reg.)
- Panasonic Holdings Corporation
- Equinor
- Sun Hung Kai Properties
- Daiwa House Industry
- HSBC Holdings
- Associated British Foods
| Total number of holdings | 97 |
|---|---|
| Top ten holdings aggregate | 26.3% |
- Shell
- Equinor
- TotalEnergies
- Klépierre S.A.
- INPEX
- Sun Hung Kai Properties
- Daiwa House Industry
- Nestlé (Reg.)
- Asahi Group Holdings
- Toyota Motor
| Total number of holdings | 97 |
|---|---|
| Top ten holdings aggregate | 29.8% |
- Fresnillo
- Rio Tinto (Reg.)
- ArcelorMittal
- Enel
- Klépierre S.A.
- Shell
- BHP Group Ltd.
- Daiwa House Industry
- Kansai Electric Power
- ENGIE
| Total number of holdings | 106 |
|---|---|
| Top ten holdings aggregate | 31.8% |
- Fresnillo
- Daiwa House Industry
- Klépierre S.A.
- Shell
- Enel
- BHP Group Ltd.
- Rio Tinto (Reg.)
- Kansai Electric Power
- Sun Hung Kai Properties
- INPEX
| Total number of holdings | 106 |
|---|---|
| Top ten holdings aggregate | 30.6% |
Portfolio manager
Managed by Geode - Geode Capital Management is a global systematic investment manager. With a robust infrastructure and talented investment professionals, Geode offers clients the scale of a large asset management firm, with the benefits of a versatile investment platform – flexibility and customization. Geode is able to offer institutional investors the essential building blocks for today’s changing investment landscape.
As at June 30, 2026, Geode manages over $2.2 trillion.
