Fidelity SAI Alt Risk Premia Currency Strat Fd (FRPCX)
9.14
-0.11
(-1.19%)
USD |
Apr 08 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.50% | 106.45M | -- | 0.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 50.95M | -11.86% |
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:
48
-77.87M
Peer Group Low
83.06M
Peer Group High
1 Year
% Rank:
28
50.95M
-348.57M
Peer Group Low
633.47M
Peer Group High
3 Months
% Rank:
27
-33.36M
Peer Group Low
224.41M
Peer Group High
3 Years
% Rank:
24
-2.173B
Peer Group Low
1.300B
Peer Group High
6 Months
% Rank:
29
-152.30M
Peer Group Low
351.13M
Peer Group High
5 Years
% Rank:
32
-2.509B
Peer Group Low
1.268B
Peer Group High
YTD
% Rank:
27
-33.36M
Peer Group Low
224.41M
Peer Group High
10 Years
% Rank:
31
-9.206B
Peer Group Low
3.117B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 09, 2026.
Asset Allocation
As of February 28, 2026.
| Type | % Net |
|---|---|
| Cash | 4.80% |
| Stock | 0.00% |
| Bond | 95.47% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.28% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Goldman Sachs International/GSFXCA23 Index TRS
|
100.6% | -- | -- |
| United States of America USGB 03/12/2026 FIX USD Government (Matured) | 91.32% | -- | -- |
|
Morgan Stanley Capital Services LLC/MSCBFME2 Index TRS
|
65.45% | -- | -- |
|
BNP Paribas SA/BPFXMRGU Index TRS
|
49.81% | -- | -- |
|
Bank of America NA/MLFIVWDM indexTRS
|
44.93% | -- | -- |
|
Morgan Stanley Capital Services LLC/MSCBFMD2 Index TRS
|
43.08% | -- | -- |
|
JPMorgan Chase Bank NA/JPOSFVB5 Index TRS
|
40.08% | -- | -- |
|
Citibank NA TRS
|
19.15% | -- | -- |
|
Fidelity Cash Central Fund
|
8.95% | -- | -- |
|
Other Assets less Liabilities
|
-363.4% | -- | -- |
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 (4-7-26) | 0.01% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (2-28-26) | 3.68% |
| Effective Duration | -- |
| Average Coupon | -- |
| Calculated Average Quality | 5.00 |
| Effective Maturity | 0.0403 |
| Nominal Maturity | 0.0403 |
| Number of Bond Holdings | 1 |
As of February 28, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/14/2023 |
| Last Annual Report Date | 7/31/2025 |
| Last Prospectus Date | 9/29/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| 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. |