About FAPZX
Fidelity Advisor Risk Parity Fund - Class Z is a mutual fund that utilizes a risk-balanced approach, aiming to deliver total return through diversified exposure across multiple asset classes. The fund is structured to allocate its portfolio risk evenly among four key economic risk factors: growth, inflation, real interest rates, and liquidity. This approach is achieved by investing in a mix of underlying funds, derivatives, cash, and cash equivalents, allowing for dynamic adjustments to changing market conditions. Managed by Fidelity, the fund falls within the tactical allocation category and is designed to be flexible, adapting to macroeconomic shifts rather than relying on traditional static allocations. Notable features include an expense ratio that is competitively lower than its peers, semi-annual dividend distributions, and a relatively high turnover rate, reflecting its active management style. The fund’s investment methodology appeals to institutional and sophisticated investors seeking diversified, multi-asset exposure with the potential for balanced performance across different market environments. As a relatively new offering, launched in July 2022, it plays a growing role in the market for alternative, systematic allocation strategies focused on risk parity principles.
Fund Family Fidelity
Category Tactical Allocation
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FAPZX
Share Class Class Z
Index MSCI AC World TR USD
FAPZX had a total return of 20.52% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.19%.
