Fidelity SAI Alternative Rsk Pre Stgy (FRPCX)
| Fund Assets | 40.85M |
| Expense Ratio | 0.50% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.00 |
| Dividend Yield | 0.01% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 9.64 |
| YTD Return | -6.43% |
| 1-Year Return | -4.76% |
| 5-Year Return | n/a |
| 52-Week Low | 9.38 |
| 52-Week High | 10.42 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Dec 14, 2023 |
About FRPCX
Fidelity SAI Alternative Risk Premia Strategy Fund is a mutual fund that focuses on capturing alternative risk premia through a range of investment strategies. Its primary function is to construct a portfolio emphasizing currency exposure by employing long/short positions in foreign exchange forwards and other alternative risk premia strategies. The fund is designed for certain clients affiliated with Strategic Advisers LLC, reflecting its targeted distribution rather than broad public availability. Notable features include a diversified holdings structure, with a significant portion allocated to U.S. Treasury bills and cash equivalents, ensuring liquidity and stability. By targeting alternative risk premia, the fund seeks to provide a source of return that is distinct from traditional asset classes such as equities and fixed income. This approach positions the fund as a diversification tool within multi-asset portfolios, aiming to enhance risk-adjusted returns by exploiting inefficiencies across currency and related markets. Its role in the financial market is to offer institutional and select clients exposure to sophisticated investment techniques that typically seek uncorrelated returns relative to major asset classes.
Performance
FRPCX had a total return of -4.76% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.40%.
Top 10 Holdings
100.07% of assets| Name | Symbol | Weight |
|---|---|---|
| UST BILLS 0% 06/12/2025 | B.0 06.12.25 | 93.71% |
| Fidelity Revere Street Trust - Fidelity Cash Central Fund | n/a | 9.17% |
| BANK OF AMERICA, N.A. - BAFXFMR1 6/13/2025 FDS ETRS | n/a | 1.07% |
| BANK OF AMERICA, N.A. - FX Forward: CHF/USD settle 2025-06-18 | n/a | 0.55% |
| BANK OF AMERICA, N.A. - FX Forward: CHF/USD settle 2025-06-18 | n/a | 0.24% |
| BROWN BROTHERS HARRIMAN and CO. - FX Forward: CHF/USD settle 2025-06-18 | n/a | -0.15% |
| BNP PARIBAS - FX Forward: USD/CHF settle 2025-06-18 | n/a | -0.37% |
| GOLDMAN SACHS INTERNATIONAL - GSFXFMR1 6/13/2025 FDS ETRS | n/a | -1.03% |
| MORGAN STANLEY CAPITAL SERVICES LLC - MSFXFMRD 6/13/2025 FDS ETRS | n/a | -1.20% |
| MORGAN STANLEY CAPITAL SERVICES LLC - MSFXFME2 6/13/2025 FDS ETRS | n/a | -1.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 28, 2023 | $0.001 | Dec 29, 2023 |