Fidelity Risk Parity (FAPSX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.87

-0.03 (-0.25%)

At close: Aug 26, 2026

12.09% (1Y)

Fund Assets	15.74M
Expense Ratio	0.73%
Min. Investment	$0.00
Turnover	51.00%
Dividend (ttm)	0.81
Dividend Yield	6.82%
Dividend Growth	52.83%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Mar 13, 2026

Previous Close	11.90
YTD Return	11.89%
1-Year Return	20.50%
5-Year Return	n/a
52-Week Low	10.61
52-Week High	11.92
Beta (5Y)	n/a
Holdings	44
Inception Date	n/a

About FAPSX

Fidelity Risk Parity Fund is a mutual fund designed to provide investors with broad diversification and an alternative to conventional portfolio structures. Its primary objective is to seek total return by employing a "risk parity" approach, which strategically allocates risk, rather than capital, across multiple asset classes such as equities, fixed income, commodities, and inflation-protected securities. The fund utilizes quantitative analysis to balance exposure across four key macroeconomic factors: growth, inflation, real rates, and liquidity. By diversifying risk across these factors and a range of statistically identified market regimes, the fund aims to achieve more robust diversification potential relative to a traditional 60% stock/40% bond portfolio. Managed by Fidelity, the fund invests in a mix of affiliated and unaffiliated mutual funds and ETFs, dynamically adjusting allocations to respond to changing economic and market conditions. Its approach is particularly relevant for investors seeking alternative strategies to enhance portfolio resilience and reduce reliance on any single source of market return.

Fund Family Fidelity

Category Tactical Allocation

Performance Rating Above Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol FAPSX

Performance

FAPSX had a total return of 20.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.36%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FAPZX	Fidelity Advisor Risk Parity Fund: Class Z	0.68%
FAPYX	Fidelity Advisor Risk Parity Fund: Class I	0.73%
FAPUX	Fidelity Advisor Risk Parity Fund: Class A	0.98%
FAPWX	Fidelity Advisor Risk Parity Fund: Class M	1.23%

Top 10 Holdings

89.68% of assets

Name	Symbol	Weight
Fidelity Inflation-Protected Bond Index Fund	FIPDX	23.51%
Fidelity Commodity Strategy Fund	FYHTX	11.52%
Fidelity Emerging Markets Index Fund	FPADX	9.26%
Fidelity Small Cap Value Index Fund	FISVX	8.70%
iShares J.P. Morgan EM Local Currency Bond ETF	LEMB	7.87%
iShares U.S. Treasury Bond ETF	GOVT	7.70%
Fidelity International Index Fund	FSPSX	7.19%
Fidelity Small Cap Index Fund	FSSNX	5.97%
Fidelity Total Market Index Fund	FSKAX	4.22%
Fidelity Real Estate Index Fund	FSRNX	3.74%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 13, 2026	$0.413	Mar 16, 2026
Dec 30, 2025	$0.397	Dec 31, 2025
Mar 7, 2025	$0.188	Mar 10, 2025
Dec 30, 2024	$0.342	Dec 31, 2024
Mar 8, 2024	$0.129	Mar 11, 2024
Dec 28, 2023	$0.080	Dec 29, 2023

Full Dividend History