Fidelity® International Value Factor ETF (NYSE:FIVA) focuses on providing investors access to international markets by investing in undervalued stocks outside the United States. This approach seeks to tap into the potential for long-term capital appreciation by selecting shares that are believed to be priced below their true value based on various financial factors. The ETF aims to track the performance of the Fidelity International Value Factor Index, adhering to a methodology prioritizing value factors. Its objectives include offering a diversified portfolio that can serve as a foundational international equity component for investors looking to expand their investment horizon beyond domestic stocks, striving for a balance between risk and reward through a carefully vetted selection of undervalued international securities.