Fidelity SAI Merger Arbitrage Fund (FMADX)
10.40
+0.03
(+0.29%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.10% | 278.04M | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 273.12M | -- | 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 |
| 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:
2
-187.64M
Peer Group Low
48.69M
Peer Group High
1 Year
% Rank:
8
273.12M
-365.23M
Peer Group Low
312.54M
Peer Group High
3 Months
% Rank:
2
-183.72M
Peer Group Low
114.19M
Peer Group High
3 Years
% Rank:
2
-4.286B
Peer Group Low
273.12M
Peer Group High
6 Months
% Rank:
2
-44.43M
Peer Group Low
273.12M
Peer Group High
5 Years
% Rank:
20
-2.226B
Peer Group Low
941.02M
Peer Group High
YTD
% Rank:
8
-313.83M
Peer Group Low
294.73M
Peer Group High
10 Years
% Rank:
26
-3.709B
Peer Group Low
3.290B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 06, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 19.48% |
| Stock | 59.34% |
| Bond | 21.23% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.05% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Chart Industries, Inc. | 8.78% | 205.12 | 0.01% |
| Frontier Communications Parent, Inc. | 8.30% | 37.97 | -0.05% |
|
Informatica Inc ORD
|
7.11% | -- | -- |
| CyberArk Software Ltd. | 6.87% | 478.70 | 1.59% |
| United States of America USGB 0.0 12/02/2025 FIX USD Government | 6.14% | 100.00 | 0.00% |
| Electronic Arts, Inc. | 5.72% | 203.92 | 0.24% |
| NVIDIA Corp. | 5.52% | 182.41 | -0.53% |
| Kellanova | 5.48% | 83.14 | -0.01% |
| United States of America USGB 11/25/2025 FIX USD Government (Matured) | 5.27% | 100.00 | 0.00% |
|
Fidelity Cash Central Fund
|
4.99% | -- | -- |
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 |
| 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 (12-4-25) | 0.00% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 43 |
| Stock | |
| Weighted Average PE Ratio | 33.62 |
| Weighted Average Price to Sales Ratio | 7.424 |
| Weighted Average Price to Book Ratio | 10.31 |
| Weighted Median ROE | 51.85% |
| Weighted Median ROA | 15.90% |
| ROI (TTM) | 22.51% |
| Return on Investment (TTM) | 22.51% |
| Earning Yield | 0.0376 |
| LT Debt / Shareholders Equity | 1.328 |
| Number of Equity Holdings | 30 |
| Bond | |
| Yield to Maturity (9-30-25) | 4.09% |
| Effective Duration | -- |
| Average Coupon | -- |
| Calculated Average Quality | -- |
| Effective Maturity | 0.0536 |
| Nominal Maturity | 0.0536 |
| Number of Bond Holdings | 2 |
As of September 30, 2025
Growth Metrics
| EPS Growth (1Y) | 37.42% |
| EPS Growth (3Y) | 25.49% |
| EPS Growth (5Y) | 29.69% |
| Sales Growth (1Y) | 18.53% |
| Sales Growth (3Y) | 17.97% |
| Sales Growth (5Y) | 14.80% |
| Sales per Share Growth (1Y) | 21.55% |
| Sales per Share Growth (3Y) | 17.66% |
| Operating Cash Flow - Growth Rate (3Y) | 22.90% |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 6/17/2025 |
| Last Annual Report Date | -- |
| Last Prospectus Date | 5/23/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication 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. |