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Trending ETFs

Fidelity Risk Parity Fund

mutual fund
FAPZX
Payout Change
Pending
Price as of:
$10.34 -0.03 -0.29%
primary theme
N/A
FAPZX (Mutual Fund)

Fidelity Risk Parity Fund

Payout Change
Pending
Price as of:
$10.34 -0.03 -0.29%
primary theme
N/A
FAPZX (Mutual Fund)

Fidelity Risk Parity Fund

Payout Change
Pending
Price as of:
$10.34 -0.03 -0.29%
primary theme
N/A

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.34

$7.68 M

0.00%

0.79%

Vitals

YTD Return

10.6%

1 yr return

15.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$7.68 M

Holdings in Top 10

90.0%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.34

$7.68 M

0.00%

0.79%

FAPZX - Profile

Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Risk Parity Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jul 13, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Using quantitative analysis to balance the fund's risk across four risk factors: growth (risk of reduced earnings expectations and increased default risk), inflation (risk of rising consumer inflation), real rates (risk of rising real interest rates), and liquidity (risk of reduced liquidity). Constructing a factor portfolio for each risk factor using a broad set of asset classes whose primary risk is the associated risk factor. Combining the factor portfolios, seeking to maximize the worst-case risk diversification across a set of market regimes. Allocating the fund's assets across affiliated and unaffiliated mutual funds and Exchange Traded Funds (ETFs) (collectively, underlying funds) and derivatives that provide exposure to a broad range of asset classes including equities (including domestic, international, and emerging markets equities), debt (including investment-grade debt, high yield debt, emerging markets debt, U.S. government securities, leveraged loans and international bonds), commodities and real estate. Investing in underlying funds, derivatives, cash and cash equivalents. Engaging in transactions that have a leveraging effect on the fund, including long and short investments in derivatives - such as forward contracts, futures, options and swaps - and forward-settling securities, to: create and adjust the fund's investment exposure; enhance total return; hedge against fluctuations in securities prices, interest rates, or currency exchange rates; change the effective duration of the fund's portfolio; manage certain investment risk; manage volatility; and/or substitute for the purchase or sale of securities or currencies. Investing  up to 25% of assets in a wholly-owned subsidiary organized under the laws of the Cayman Islands that invests in commodity-linked total return swaps based on the value of commodities or commodities indexes and in other commodity-linked derivative instruments, commodity- related ETFs and commodity-related exchange-traded notes (ETNs).
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FAPZX - Performance

Return Ranking - Trailing

Period FAPZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% N/A N/A N/A
1 Yr 15.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FAPZX Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FAPZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% N/A N/A N/A
1 Yr 15.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FAPZX Return Category Return Low Category Return High Rank in Category (%)
2023 8.7% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


FAPZX - Holdings

Concentration Analysis

FAPZX Category Low Category High FAPZX % Rank
Net Assets 7.68 M N/A N/A N/A
Number of Holdings 25 N/A N/A N/A
Net Assets in Top 10 7.21 M N/A N/A N/A
Weighting of Top 10 89.98% N/A N/A N/A

Top 10 Holdings

  1. Fidelity Inflation-Protected Bond Index Fund 27.61%
  2. iShares US Treasury Bond ETF 9.34%
  3. Fidelity Commodity Strategy Fund 9.10%
  4. FIDELITY TOTAL MARKET INDEX FUNDFIDELITY ADV 8.73%
  5. FIDELITY SMALL CAP VALUE INDEX FUND 8.03%
  6. Fidelity International Index Fund 6.77%
  7. iShares J.P. Morgan EM Local Currency Bond ETF 6.62%
  8. Fidelity Small Cap Index Fund 5.33%
  9. Fidelity Cash Central Fund 4.49%
  10. UST BILLS 0% 10/10/2024 3.95%

Asset Allocation

Weighting Return Low Return High FAPZX % Rank
Stocks
90.05% N/A N/A N/A
Cash
4.63% N/A N/A N/A
Bonds
4.32% N/A N/A N/A
Other
0.99% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FAPZX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FAPZX % Rank
US
90.05% N/A N/A N/A
Non US
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FAPZX % Rank
Cash & Equivalents
4.49% N/A N/A N/A
Derivative
0.99% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FAPZX % Rank
US
4.32% N/A N/A N/A
Non US
0.00% N/A N/A N/A

FAPZX - Expenses

Operational Fees

FAPZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FAPZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FAPZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAPZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FAPZX - Distributions

Dividend Yield Analysis

FAPZX Category Low Category High FAPZX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

FAPZX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

FAPZX Category Low Category High FAPZX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FAPZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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FAPZX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A