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Morningstar

Fidelity Advisor Risk Parity M FAPWX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.58  /  +0.52 %
  • Total Assets 7.4 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.72%
  • Turnover 84%

USD | NAV as of May 06, 2024 | 1-Day Return as of May 06, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FAPWX

Will FAPWX 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 FAPWX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Fidelity Advisor Risk Parity M's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAPWX

More FAPWX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 87.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Tip 7/1/2024 Fds Etrs

14.51 1.1 Mil
—

Fidelity Cash Central Fund

12.84 976,806
Cash and Equivalents

Bkln 4/1/2024 Fds Etrs

10.93 831,470
Cash and Equivalents

Hyg 4/1/2024 Fds Etrs

10.65 809,974
—

Fidelity International Index

10.19 775,450
—

Fidelity Inflation-Prot Bd Index

10.12 770,078
—

Fidelity Commodity Strategy

9.52 724,083
—

iShares US Treasury Bond ETF

8.99 683,692
—

Gld 7/1/2024 Fds Etrs

7.92 602,714
—

Fidelity Small Cap Value Index

7.20 547,605
—