What is FBCV?

FBCV is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model.

PERFORMANCE [as of 03/30/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FBCV -2.17% -3.94% -3.94% -7.55% -- -- --
FBCV (NAV) -2.32% -3.80% -3.80% -7.68% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI ACWI Large Cap Value Index -0.63% 0.30% 0.30% -6.61% 14.46% 4.36% 5.81%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FBCV Factset Analytics Insight

FBCV is one of Fidelity’s first ETFs to launch with its own structure for an actively-managed, non-transparent product. The fund selects global large-cap undervalued stocks, as compared to other companies in their same industry. The fund may also reach down into the midcap space as well. The selection is based on favorable fundamental factors such as cash flow, earnings and sales. Portfolio managers are afforded slightly more flexibility with the ETF in terms of dipping down into the midcap space as compared to the firm’s mutual fund. Unlike other ETFs, FBCV only discloses holdings on a monthly basis with a 30-day lag. Instead, a “proxy portfolio,” which should closely correlate to the actual holdings, is provided to help traders effectively arbitrage premiums/discounts as they occur. Investors should, however, take into consideration the non-transparent structure which could result in greater price disparity during volatile markets.

FBCV Summary Data

Fidelity
06/02/20
0.59%
$131.02M
No Underlying Index
MSCI ACWI Large Cap Value Index
Open-Ended Fund

Peers

MSCI ACWI Large Cap Value Index
N/A

Fund Flows

-$0.00B 5 Days
-$0.00B 30 Days
+$0.02B 90 Days

FBCV Portfolio Data

--
--
--
1.77%
N/A
--

FBCV Index Data

No Underlying Index
Proprietary
Proprietary
MSCI ACWI Large Cap Value Index

FBCV Portfolio Management

0.59%
--
--
--

FBCV Tax Exposures

20.00% / 39.60%
0.81%
Qualified dividends
No

FBCV Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Monthly

Factset Analytics Block Liquidity

As of 03/31/23

This measurement shows how easy it is to trade a $1 million USD block of FBCV. FBCV is rated a N/A out of 5.

FBCV Tradability

16,144
$445.12K
13,883
$371.95K
0.31%
$0.09
0.00%
0.40% / -0.34%
None
100.00%
25,000
0.56
0.03%
--
0
$27.05
N/A

FBCV Sector/Industry Breakdown

FBCV Segment
Benchmark
23.58% --
11.02% --
9.54% --
9.06% --
8.82% --
8.34% --
7.60% --
6.41% --
4.53% --
2.96% --

FBCV Performance Statistics

0.86
1.09
1.14
1.11
0.46%
MSCI ACWI Large Cap Value Index

FBCV Countries

FBCV Segment
Benchmark
-- 1.35%
-- 61.27%
-- 2.12%
-- 0.51%
-- 3.04%
-- 0.30%
-- 4.99%
-- 1.35%
-- 3.76%
-- 1.71%

FBCV Regions

FBCV Segment
Benchmark
-- 64.43%
-- 16.40%
-- 1.02%
-- 0.87%
-- 17.27%

FBCV Economic Development

FBCV Segment
Benchmark
0.00% 5.85%
0.00% 94.15%

FBCV Benchmark Comparison Holdings

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0
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FBCV Benchmark Comparison Summary

FBCV Segment
Benchmark
-- --
-- --
-- --
-- --
-- --
Low --

FBCV Benchmark Comparison Market Cap Size

FBCV Segment
Benchmark
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-- --
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