Fidelity SAI Convertible Arbitrage Fund (FSAWX)
10.66
+0.02
(+0.19%)
USD |
Mar 12 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| -- | -- | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | -- | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks total return through a combination of current income and capital appreciation. It employs a convertible arbitrage strategy, which involves gaining exposure to a portfolio of convertible securities and hedging the equity risk by selling short the common stock into which the securities may be converted. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
--
--
Peer Group Low
--
Peer Group High
1 Year
% Rank:
--
--
Peer Group Low
--
Peer Group High
3 Months
% Rank:
--
--
Peer Group Low
--
Peer Group High
3 Years
% Rank:
--
--
Peer Group Low
--
Peer Group High
6 Months
% Rank:
--
--
Peer Group Low
--
Peer Group High
5 Years
% Rank:
--
--
Peer Group Low
--
Peer Group High
YTD
% Rank:
--
--
Peer Group Low
--
Peer Group High
10 Years
% Rank:
--
--
Peer Group Low
--
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 13, 2025.
Asset Allocation
As of January 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.41% |
| Stock | 23.55% |
| Bond | 75.25% |
| Convertible | 0.00% |
| Preferred | 0.01% |
| Other | 0.78% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
United States of America (Government) 0% 20-MAR-2025
|
13.95% | -- | -- |
|
United States of America (Government) 0% 13-FEB-2025
|
11.67% | -- | -- |
| Apple Inc | 4.63% | 216.98 | -1.75% |
|
MACOM Technology Solutions Holdings Inc .25% 15-MAR-2026
|
4.58% | -- | -- |
| NVIDIA Corp | 4.49% | 115.74 | 6.42% |
| Broadcom Inc | 3.88% | 194.23 | 2.18% |
|
Granite Construction Inc 3.75% 15-MAY-2028
|
3.68% | -- | -- |
|
United States of America (Government) 0% 24-APR-2025
|
3.47% | -- | -- |
|
Tyler Technologies Inc .25% 15-MAR-2026
|
3.40% | -- | -- |
|
Lantheus Holdings Inc 2.625% 15-DEC-2027
|
3.01% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 1.10% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| 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 total return through a combination of current income and capital appreciation. It employs a convertible arbitrage strategy, which involves gaining exposure to a portfolio of convertible securities and hedging the equity risk by selling short the common stock into which the securities may be converted. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM | -- |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| ROI (TTM) | -- |
| Return on Investment (TTM) | -- |
| Earning Yield | -- |
| LT Debt / Shareholders Equity | -- |
| Bond | |
| Yield to Maturity | -- |
| Average Coupon | -- |
| Calculated Average Quality | -- |
| Effective Maturity | -- |
| Nominal Maturity | -- |
Growth Metrics
| EPS Growth (1Y) | 24.85% |
| EPS Growth (3Y) | 24.30% |
| EPS Growth (5Y) | 23.61% |
| Sales Growth (1Y) | 32.66% |
| Sales Growth (3Y) | 20.58% |
| Sales Growth (5Y) | 17.51% |
| Sales per Share Growth (1Y) | 36.63% |
| Sales per Share Growth (3Y) | 20.88% |
| Operating Cash Flow - Growth Ratge (3Y) | 22.41% |
As of January 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 9/12/2023 |
| Last Annual Report Date | -- |
| Last Prospectus Date | 3/30/2024 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | -- |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication 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:FSAWX", "name") |
| Broad Asset Class: =YCI("M:FSAWX", "broad_asset_class") |
| Broad Category: =YCI("M:FSAWX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FSAWX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |