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.
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NAV $10.33 -$0.02 / -0.20%
- Inception 03-Jun-2025
- Benchmark Fidelity Canada U.S. Value Index
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Aggregate assets30-Jun-2025
(all series) $0.8M - Distributions
- Also available through ETF US$, ETF Currency neutral and ETF CDN$
- Get Fund Facts
In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.
Calendar returns
In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.
Standard period returns
In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.
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-May-2025
Country mix (%)
31-May-2025
Sector mix (%)
31-May-2025
| 12 months ago | Last month | Current month | |
|---|---|---|---|
| Information Technology | 21.7 | 22.3 | 24.0 |
| Financials | 19.8 | 21.4 | 20.3 |
| Health Care | 4.8 | 16.9 | 15.6 |
| Industrials | 15.4 | 14.3 | 14.6 |
| Utilities | 14.0 | 9.3 | 9.3 |
| Real Estate | - | 8.9 | 8.9 |
| Consumer Disc. | 3.4 | 4.2 | 4.4 |
| Communication Services | 1.7 | 2.5 | 2.6 |
| Multi Sector | 0.5 | 0.3 | 0.3 |
| Materials | 8.2 | - | - |
| Consumer Staples | - | - | - |
| Energy | 10.5 | - | - |
Top ten holdings
- Nvidia
- Microsoft
- VICI Properties
- Apple
- Edison International
- Host Hotels & Resorts
- PG&E
- Berkshire Hathaway, Cl. B
- Visa
- Caterpillar
| Total number of holdings | 91 |
|---|---|
| Top ten holdings aggregate | 39.4% |
- Apple
- Edison International
- VICI Properties
- PG&E
- Microsoft
- Nvidia
- Host Hotels & Resorts
- Berkshire Hathaway, Cl. B
- Visa
- UnitedHealth Group
| Total number of holdings | 92 |
|---|---|
| Top ten holdings aggregate | 43.3% |
- Apple
- UGI Corp.
- Nvidia
- Microsoft
- National Fuel Gas Company
- UNITED AIRLINES HOLDINGS INC
- Exxon Mobil
- Berkshire Hathaway, Cl. B
- Mosaic
- Chevron
| Total number of holdings | 97 |
|---|---|
| Top ten holdings aggregate | 38.3% |
- Apple
- Microsoft
- National Fuel Gas Company
- Nvidia
- UGI Corp.
- Exxon Mobil
- LyondellBasell Industries
- Nucor
- Berkshire Hathaway, Cl. B
- Mosaic
| Total number of holdings | 97 |
|---|---|
| Top ten holdings aggregate | 38.5% |
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 March 31, 2025, Geode manages over $1.5 trillion.
