Fidelity Multi-Strategy Credit Fund L (FMSNX)
10.24
-0.02
(-0.19%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 5.12% | 59.02M | -- | 53.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | 4.46% |
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 |
| Equity Style | -- |
| 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:
--
-218.27M
Peer Group Low
331.75M
Peer Group High
1 Year
% Rank:
--
-1.186B
Peer Group Low
3.013B
Peer Group High
3 Months
% Rank:
--
-350.20M
Peer Group Low
3.013B
Peer Group High
3 Years
% Rank:
--
-2.264B
Peer Group Low
2.600B
Peer Group High
6 Months
% Rank:
--
-528.70M
Peer Group Low
3.013B
Peer Group High
5 Years
% Rank:
--
-7.076B
Peer Group Low
3.101B
Peer Group High
YTD
% Rank:
--
-538.41M
Peer Group Low
3.014B
Peer Group High
10 Years
% Rank:
--
-42.47B
Peer Group Low
4.701B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 17, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 3.73% |
| Stock | 0.44% |
| Bond | 48.55% |
| Convertible | 0.00% |
| Preferred | 3.11% |
| Other | 44.17% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Private Credit Fund
|
35.92% | -- | -- |
|
Fidelity Cash Central Fund
|
7.87% | -- | -- |
|
Other Assets less Liabilities
|
7.60% | -- | -- |
| Strategy Inc STRATEAA 10.0 12/31/2099 FIX USD Corporate | 1.03% | 95.50 | 0.00% |
| JPMorgan Chase & Co. JPM 6.5 12/31/2099 FLT USD Corporate '30 | 0.70% | 100.95 | 0.17% |
| Enbridge Inc. ENB 8.5 01/15/2084 FLT USD Corporate '34 | 0.68% | 111.32 | 0.03% |
| JPMorgan Chase & Co. JPM 6.47043 12/31/2099 FLT USD Corporate '25 | 0.67% | 100.19 | 0.06% |
| SUNOCO LP SUNOLP 7.875 12/31/2099 FLT USD Corporate 144A '30 | 0.57% | 102.00 | 0.17% |
| Energy Transfer LP ENERTRAK 6.625 12/31/2099 FLT USD Corporate '28 | 0.57% | 100.50 | 0.11% |
| Energy Transfer LP ENERTRAK 7.125 12/31/2099 FLT USD Corporate '30 | 0.48% | 102.12 | 0.03% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.50% |
| Actual Management Fee | 0.54% |
| Administration Fee | -- |
| Maximum Front Load | 4.25% |
| 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 | 2500.00 None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
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 |
| Equity Style | -- |
| 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 (9-15-26) | 5.24% |
| 30-Day SEC Yield (7-31-26) | 4.76% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 393 |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |