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Fidelity SAI Alt Rsk Pre Ccy Stgy (FRPCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.25
-0.01 (-0.11%)
At close: Aug 26, 2026
Fund Assets74.90M
Expense Ratio0.50%
Min. Investment$0.00
Turnovern/a
Dividend (ttm)n/a
Dividend Yieldn/a
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close9.26
YTD Return-3.94%
1-Year Return-5.22%
5-Year Returnn/a
52-Week Low8.98
52-Week High9.81
Beta (5Y)-0.09
Holdings93
Inception DateDec 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.

Fund Family Fidelity
Category Multistrategy
Stock Exchange NASDAQ
Ticker Symbol FRPCX
Index Index is not provided by Management Company

Performance

FRPCX had a total return of -5.22% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.81%.