Morningstar

Fidelity Risk Parity Fund FAPSX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $11.25  /  −0.09 %
  • Fund Size $15.3M
  • Adjusted Expense Ratio 0.730%
  • Net Expense Ratio 0.590%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Tactical Allocation
  • Equity Style Box (Funds) Large Blend
  • Fixed-Income Style Box (Funds) High/Moderate
  • Investment Status Limited
  • TTM Yield 7.21%
  • Turnover Ratio 51%
NAV and 1-Day Return as of

Morningstar’s Analysis FAPSX

Will FAPSX outperform in the 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 FAPSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAPSX 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 FAPSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Risk Parity holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FAPSX

More FAPSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 97.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inflation-Prot Bd Index

26.00 4M
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Hyg 09/26 Bnpsa -45bps0bpsbf

16.82 3M
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Bkln 09/26 Bnpsa 15bps0bpsbf

16.81 3M
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Fidelity Commodity Strategy

16.79 3M
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MSCI Emerging Markets Index Future Sept 26

9.98 2M
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iShares US Treasury Bond ETF

9.82 2M
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Fidelity Small Cap Value Index

8.16 1M
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Gld 2/1/2027 Fds Etrs

8.01 1M
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iShares JP Morgan EM Local Ccy Bd ETF

7.80 1M
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MSCI EAFE Index Future Sept 26

5.95 968,640
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