Fidelity Multi-Strategy Credit Fund L (FMSNX)
10.32
+0.01
(+0.10%)
USD |
Jan 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.94% | -- | -- | 53.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | 7.30% | 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 |
| 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:
--
-262.29M
Peer Group Low
195.36M
Peer Group High
1 Year
% Rank:
--
-1.251B
Peer Group Low
1.384B
Peer Group High
3 Months
% Rank:
--
-385.45M
Peer Group Low
914.45M
Peer Group High
3 Years
% Rank:
--
-2.761B
Peer Group Low
2.401B
Peer Group High
6 Months
% Rank:
--
-668.11M
Peer Group Low
1.051B
Peer Group High
5 Years
% Rank:
--
-10.85B
Peer Group Low
3.173B
Peer Group High
YTD
% Rank:
--
92.22M
Peer Group Low
593.59M
Peer Group High
10 Years
% Rank:
--
-52.80B
Peer Group Low
3.967B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 16, 2026.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 2.01% |
| Stock | 0.07% |
| Bond | 51.27% |
| Convertible | 0.68% |
| Preferred | 1.08% |
| Other | 44.90% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
FIDELITY PRIVATE CREDIT FUND
|
44.00% | -- | -- |
|
FIDELITY PRIVATE CREDIT FUND
|
44.00% | -- | -- |
|
FIDELITY CASH CENTRAL FUND
|
3.21% | -- | -- |
|
FIDELITY CASH CENTRAL FUND
|
3.21% | -- | -- |
|
BRAZIL, FEDERATIVE REPUBLIC OF (GOVERNMENT) 10% 01-JAN-2027
|
0.88% | -- | -- |
|
BRAZIL, FEDERATIVE REPUBLIC OF (GOVERNMENT) 10% 01-JAN-2027
|
0.88% | -- | -- |
| JPMorgan Chase & Co. JPM 6.5 12/31/2099 FLT USD Corporate '30 | 0.79% | 104.32 | 0.53% |
| JPMorgan Chase & Co. JPM 6.5 12/31/2099 FLT USD Corporate '30 | 0.79% | 104.32 | 0.53% |
| Enbridge Inc. ENB 8.5 01/15/2084 FLT USD Corporate '34 | 0.75% | 114.16 | 0.01% |
| Enbridge Inc. ENB 8.5 01/15/2084 FLT USD Corporate '34 | 0.75% | 114.16 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.50% |
| Actual Management Fee | -- |
| 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 |
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 (1-15-26) | 5.91% |
| 30-Day SEC Yield (12-31-25) | 5.03% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 746 |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |