Fidelity Multi-Strategy Credit Fund I (FMSMX)
10.38
0.00 (0.00%)
USD |
Dec 04 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.43% | -- | -- | 53.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | 6.95% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks high level of current income and capital appreciation through investments across a variety of high income-oriented asset classes including both liquid and illiquid securities. It employs a multi-credit strategy that seeks to opportunistically rotate across the entire credit spectrum throughout market cycle. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Global USD |
| Peer Group | Global Income Funds |
| Global Macro | Bond Global |
| US Macro | World Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Global Income Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
--
-100.58M
Peer Group Low
613.87M
Peer Group High
1 Year
% Rank:
--
-897.23M
Peer Group Low
1.463B
Peer Group High
3 Months
% Rank:
--
-412.30M
Peer Group Low
971.80M
Peer Group High
3 Years
% Rank:
--
-3.047B
Peer Group Low
2.178B
Peer Group High
6 Months
% Rank:
--
-421.27M
Peer Group Low
1.133B
Peer Group High
5 Years
% Rank:
--
-12.54B
Peer Group Low
3.121B
Peer Group High
YTD
% Rank:
--
-1.118B
Peer Group Low
1.416B
Peer Group High
10 Years
% Rank:
--
-56.09B
Peer Group Low
3.765B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of August 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.90% |
| Stock | 0.01% |
| Bond | 58.26% |
| Convertible | 0.00% |
| Preferred | 1.05% |
| Other | 39.78% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Private Credit Fund
|
45.01% | -- | -- |
|
Accelya Lux Finco Sarl FRN 29-Sep-2032
|
3.26% | -- | -- |
|
Fidelity Cash Central Fund
|
0.84% | -- | -- |
| JPMorgan Chase & Co. JPM 6.5 12/31/2099 FLT USD Corporate '30 | 0.80% | 103.22 | -0.11% |
| Enbridge Inc. ENB 8.5 01/15/2084 FLT USD Corporate '34 | 0.76% | 115.22 | 0.08% |
| JPMorgan Chase & Co. JPM 6.73025 12/31/2099 FLT USD Corporate '25 | 0.75% | 100.24 | -0.03% |
| ENERGY TRANSFER LP ENERTRAE 6.625 12/31/2099 FLT USD Corporate '28 | 0.64% | 100.20 | 0.14% |
| SUNOCO LP SUNOLP 7.875 12/31/2099 FLT USD Corporate 144A '30 | 0.63% | -- | -- |
|
Brazil, Federative Republic of (Government) 10% 01-JAN-2027
|
0.62% | -- | -- |
| CCO Holdings, LLC CHTR-CCOH 4.25 01/15/2034 FIX USD Corporate 144A | 0.55% | 84.60 | -0.02% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| 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 | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks high level of current income and capital appreciation through investments across a variety of high income-oriented asset classes including both liquid and illiquid securities. It employs a multi-credit strategy that seeks to opportunistically rotate across the entire credit spectrum throughout market cycle. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Global USD |
| Peer Group | Global Income Funds |
| Global Macro | Bond Global |
| US Macro | World Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Global Income Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 6.73% |
| 30-Day SEC Yield (10-31-25) | 6.38% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 372 |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |