About FAPWX
Fidelity Advisor Risk Parity Fund Class M is a mutual fund designed to pursue total return through a sophisticated, risk-balanced investment approach. This fund utilizes quantitative analysis to diversify risk exposure across four major factors: growth, inflation, real interest rates, and liquidity. It constructs portfolios for each factor, utilizing a broad array of asset classes—including domestic, international, and emerging market equities; investment-grade and high-yield debt; commodities; and real estate—while also holding cash and equivalents. The fund further enhances its diversification and flexibility through both affiliated and unaffiliated mutual funds, ETFs, and a broad use of derivatives such as futures, swaps, and options. To access commodity markets more efficiently, it may invest up to 25% of its assets in a Cayman Islands-based subsidiary focused on commodity-linked derivatives. With a tactical allocation mandate and a semi-annual dividend distribution, this fund aims to provide resilience across varying market regimes. It is particularly relevant for investors seeking exposure to an alternative, multi-asset strategy that systematically manages and diversifies risk rather than concentrating bets by asset class or region.
Fund Family Fidelity
Category Tactical Allocation
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FAPWX
Share Class Class M
Index MSCI AC World TR USD
FAPWX had a total return of 8.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.04%.
