Fidelity International Value Factor ETF (FIVA US) – Investment PropositionFidelity International Value Factor ETF (FIVA) delivers a systematic value tilt across developed and emerging ex-U.S. equities by emphasizing securities that appear inexpensive on normalized fundamentals while applying quality and diversification controls. The philosophy seeks to capture long-horizon mean reversion in valuations while avoiding value traps through balance-sheet and earnings-stability screens. The portfolio’s return pat ...