Morningstar

Fidelity Advisor Risk Parity Fund - Class Z FAPZX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.60  /  +0.26 %
  • Total Assets 16.0M
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.540%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Tactical Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Status Limited
  • TTM Yield 6.90%
  • Turnover 51%

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 4:39 AM GMT+0

Morningstar’s Analysis FAPZX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Advisor Risk Parity Z 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
Rated on Published on

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Portfolio Holdings FAPZX

More FAPZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 90.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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iShares US Treasury Bond ETF

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MSCI Emerging Markets Index Future June 26

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Hyg 07/01/2026 Fds Etrs

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Fidelity Small Cap Value Index

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Gld 07/01/2026 Fds Etrs

7.91 1M
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iShares JP Morgan EM Local Ccy Bd ETF

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Fidelity International Bond Index

5.99 976,242
—

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