About FAPYX
Fidelity Advisor Risk Parity Fund Class I is a mutual fund focused on providing alternative asset allocation through a risk parity strategy. Its primary purpose is to offer investors diversified exposure across multiple asset classes while aiming to balance risk contributions from each segment, rather than concentrating risk in any single area like equities or bonds. The fund constructs portfolios using a broad mix of securities including government and corporate bonds, commodities, inflation-protected bonds, and equities, seeking to create more robust diversification than traditional 60/40 stock-bond portfolios.
Managed by Avishek Hazrachoudhury and Christopher Kelliher since its July 2022 inception, the fund targets institutional and eligible investors. It maintains an actively managed approach, with notable allocations to government securities, inflation-protected bonds, and commodities. The strategy is designed to perform steadily across different market environments by dynamically adjusting exposures based on risk assessments, rather than fixed allocations. This approach is particularly relevant for investors seeking a smoother risk and return profile within portfolio construction, as it responds to shifts in macroeconomic conditions and market volatility. The fund’s expense ratio is competitive with similar institutional alternatives, reflecting its focus on risk-driven, diversified investing.
Fund Family Fidelity
Category Tactical Allocation
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FAPYX
Share Class Class I
Index MSCI AC World TR USD
FAPYX had a total return of 9.00% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.57%.
