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Morningstar

Strategic Advisers Income Opportunities FPIOX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 8.57  /  +0.02 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 6.23%
  • Effective Duration —

USD | NAV as of May 11, 2024 | 1-Day Return as of May 11, 2024, 12:33 AM GMT+0

Morningstar’s Analysis FPIOX

Will FPIOX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPIOX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FPIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Strategic Advisers Income Opportunities's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FPIOX

More FPIOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Artisan High Income Investor

14.46 206.3 Mil
—

Fidelity Capital & Income

10.12 144.3 Mil
—

BlackRock High Yield Bond K

7.73 110.3 Mil
—

Eaton Vance Income Fund of Boston A

7.28 103.8 Mil
—

MainStay MacKay High Yield Corp Bd A

6.71 95.7 Mil
—

Vanguard High-Yield Corporate Adm

2.68 38.3 Mil
—

Cdx Na Ig 41 V1 Swap 12/20/28

0.85 12.1 Mil
Derivative

State Street Instl US Govt MMkt Premier

0.49 6.9 Mil
Cash and Equivalents

Cdx Na Hy 41 V1 Swap 12/20/28

0.47 6.8 Mil
Derivative

ASURION TERM B4 2LN 01/20/29

0.44 6.2 Mil
Corporate