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Fidelity SAI Managed Futures Fund FMFLX

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Strategy

The investment seeks capital appreciation. The fund achieves its investment objective by pursuing a strategy intended to capture the persistence of price trends (up and/or down) observed across equity, fixed income, currency and commodity markets. The fund manager utilizes a combination of equity, fixed income, currency and commodity derivatives, as well as certain direct investments, to provide exposure to these markets and price trends. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMFLX	Fidelity SAI Managed Futures Fund	No Load	Open	—	—	Jun 17, 2025	$306.08M	1.050%	Below Average	$0	$139.59M

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