Fidelity SAI Alt Risk Premia Currency Strat Fd (FRPCX)
9.66
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) |
|---|---|---|---|
| 0.50% | 66.46M | -- | 0.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 27.85M | -5.66% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks capital appreciation. The Adviser seeks to construct a portfolio focused on currency exposure through ARP investment strategies that are systematic and rules-based motivated by economic or market theory that provide exposure to risk premia such as carry, liquidity, low beta, momentum, value, and volatility. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Absolute Return USD Medium |
| Peer Group | Absolute Return Funds |
| Global Macro | Absolute Return |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Absolute Return Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
18
-37.66M
Peer Group Low
46.25M
Peer Group High
1 Year
% Rank:
32
27.85M
-268.94M
Peer Group Low
616.34M
Peer Group High
3 Months
% Rank:
30
-158.54M
Peer Group Low
171.43M
Peer Group High
3 Years
% Rank:
21
-2.572B
Peer Group Low
933.08M
Peer Group High
6 Months
% Rank:
32
-158.95M
Peer Group Low
397.03M
Peer Group High
5 Years
% Rank:
36
-2.461B
Peer Group Low
983.89M
Peer Group High
YTD
% Rank:
--
-5.402M
Peer Group Low
-5.402M
Peer Group High
10 Years
% Rank:
44
-8.658B
Peer Group Low
2.812B
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 | 6.06% |
| Stock | 0.00% |
| Bond | 94.05% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.10% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
BANK OF AMERICA NA/MLFIVWDM INDEXTRS
|
132.1% | -- | -- |
|
MORGAN STANLEY CAPITAL SERVICES LLC/MSCBFME2 INDEX TRS
|
112.7% | -- | -- |
|
MORGAN STANLEY CAPITAL SERVICES LLC/MSCBFMD2 INDEX TRS
|
104.0% | -- | -- |
|
BNP PARIBAS SA/BPFXMRGU INDEX TRS
|
94.25% | -- | -- |
|
BANK OF AMERICA NA/MLFIVWEP INDEX TRS
|
93.82% | -- | -- |
| United States of America USGB 12/11/2025 FIX USD Government (Matured) | 89.73% | 100.00 | 0.00% |
|
GOLDMAN SACHS INTERNATIONAL/GSFXCA23 INDEX TRS
|
50.26% | -- | -- |
|
JPMORGAN CHASE BANK NA/JPOSFVB5 INDEX TRS
|
45.81% | -- | -- |
|
GOLDMAN SACHS INTERNATIONAL/GSFXFMR1 INDEX TRS
|
37.98% | -- | -- |
|
FIDELITY CASH CENTRAL FUND
|
10.38% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.14% |
| 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. The Adviser seeks to construct a portfolio focused on currency exposure through ARP investment strategies that are systematic and rules-based motivated by economic or market theory that provide exposure to risk premia such as carry, liquidity, low beta, momentum, value, and volatility. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Absolute Return USD Medium |
| Peer Group | Absolute Return Funds |
| Global Macro | Absolute Return |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Absolute Return 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) | 0.01% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 11 |
| Bond | |
| Yield to Maturity (11-30-25) | 3.97% |
| Effective Duration | -- |
| Average Coupon | -- |
| Calculated Average Quality | 5.00 |
| Effective Maturity | 0.0323 |
| Nominal Maturity | 0.0323 |
| Number of Bond Holdings | 1 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 12/14/2023 |
| 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:FRPCX", "name") |
| Broad Asset Class: =YCI("M:FRPCX", "broad_asset_class") |
| Broad Category: =YCI("M:FRPCX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FRPCX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |