Fidelity SAI Merger Arbitrage Fund (FMADX)
10.40
0.00 (0.00%)
USD |
Jan 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.10% | 309.11M | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 300.42M | -- | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks capital appreciation. Investing in equity securities and equity related derivative instruments, including special purpose acquisition vehicles, of companies that are or may be involved in publicly announced events including stock-for-stock, cash ,and or companies that may be involved in Merger Transactions. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Event Driven |
| Peer Group | Alternative Event Driven Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Event Driven Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
11
-45.87M
Peer Group Low
27.55M
Peer Group High
1 Year
% Rank:
9
300.42M
-359.71M
Peer Group Low
321.74M
Peer Group High
3 Months
% Rank:
3
-216.45M
Peer Group Low
110.04M
Peer Group High
3 Years
% Rank:
3
-3.959B
Peer Group Low
300.42M
Peer Group High
6 Months
% Rank:
3
-33.54M
Peer Group Low
224.38M
Peer Group High
5 Years
% Rank:
15
-2.406B
Peer Group Low
899.25M
Peer Group High
YTD
% Rank:
--
--
Peer Group Low
--
Peer Group High
10 Years
% Rank:
21
-3.478B
Peer Group Low
3.205B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 16, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | 4.86% |
| Stock | 81.86% |
| Bond | 11.90% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.38% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Chart Industries, Inc. | 8.44% | 207.06 | 0.06% |
| Frontier Communications Parent, Inc. | 8.18% | 38.44 | 0.26% |
|
FIDELITY CASH CENTRAL FUND
|
7.90% | -- | -- |
| Electronic Arts, Inc. | 7.27% | 204.15 | -0.02% |
| United States of America USGB 12/02/2025 FIX USD Government (Matured) | 5.03% | 100.00 | 0.00% |
| CyberArk Software Ltd. | 4.95% | 453.65 | -1.75% |
| EXACT Sciences Corp. | 4.82% | 102.34 | 0.08% |
|
KELLANOVA ORD
|
4.51% | -- | -- |
| NVIDIA Corp. | 3.95% | 187.05 | 2.14% |
| United States of America USGB 0.0 01/20/2026 FIX USD Government | 3.58% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.92% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks capital appreciation. Investing in equity securities and equity related derivative instruments, including special purpose acquisition vehicles, of companies that are or may be involved in publicly announced events including stock-for-stock, cash ,and or companies that may be involved in Merger Transactions. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Event Driven |
| Peer Group | Alternative Event Driven Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Event Driven Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-14-26) | 0.00% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 47 |
| Stock | |
| Weighted Average PE Ratio | 38.16 |
| Weighted Average Price to Sales Ratio | 9.125 |
| Weighted Average Price to Book Ratio | 8.347 |
| Weighted Median ROE | 22.52% |
| Weighted Median ROA | 4.10% |
| ROI (TTM) | 7.17% |
| Return on Investment (TTM) | 7.17% |
| Earning Yield | 0.0357 |
| LT Debt / Shareholders Equity | 1.055 |
| Number of Equity Holdings | 32 |
| Bond | |
| Yield to Maturity (11-30-25) | 3.95% |
| Effective Duration | -- |
| Average Coupon | -- |
| Calculated Average Quality | -- |
| Effective Maturity | 0.0628 |
| Nominal Maturity | 0.0628 |
| Number of Bond Holdings | 2 |
As of November 30, 2025
Growth Metrics
| EPS Growth (1Y) | 17.43% |
| EPS Growth (3Y) | 17.67% |
| EPS Growth (5Y) | 16.61% |
| Sales Growth (1Y) | 12.01% |
| Sales Growth (3Y) | 12.19% |
| Sales Growth (5Y) | 11.76% |
| Sales per Share Growth (1Y) | 11.00% |
| Sales per Share Growth (3Y) | 9.99% |
| Operating Cash Flow - Growth Rate (3Y) | 18.49% |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 6/17/2025 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FMADX", "name") |
| Broad Asset Class: =YCI("M:FMADX", "broad_asset_class") |
| Broad Category: =YCI("M:FMADX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMADX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |