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Trending ETFs

Strategic Advisers Alternatives Fund

mutual fund
FSLTX
Payout Change
Pending
Price as of:
$9.87 +0.01 +0.1%
primary theme
N/A
share class
FSLTX (Mutual Fund)

Strategic Advisers Alternatives Fund

Payout Change
Pending
Price as of:
$9.87 +0.01 +0.1%
primary theme
N/A
share class
FSLTX (Mutual Fund)

Strategic Advisers Alternatives Fund

Payout Change
Pending
Price as of:
$9.87 +0.01 +0.1%
primary theme
N/A
share class

Name

As of 10/02/2024

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

$9.87

$2.36 B

0.00%

1.72%

Vitals

YTD Return

4.4%

1 yr return

5.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.36 B

Holdings in Top 10

73.7%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.72%

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 10/02/2024

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

$9.87

$2.36 B

0.00%

1.72%

FSLTX - Profile

Distributions

  • YTD Total Return 4.4%
  • 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
    Strategic Advisers Alternatives Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 02, 2023
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Seeking to provide shareholders with positive total returns over a complete market cycle (generally five to eight years) through multiple "alternative" or non-traditional strategies, including return seeking (positive correlation with equity markets), diversifying (low correlation with equity markets) and defensive strategies (hedging strategies that are expected to perform well when equity markets decline). Normally allocating the fund's assets among affiliated and unaffiliated mutual funds and exchange-traded funds (collectively, underlying funds), derivatives, and sub-advisers that provide exposure to equity, debt (including debt securities of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), derivatives, currency, and commodities markets, across different market sectors, countries and regions, including the United States and emerging markets, and 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, swaps, and various volatility related instruments - 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 risks; manage volatility; and/or substitute for the purchase or sale of securities, currencies, or commodities. Allocating assets among affiliated funds (i.e., Fidelity® funds, including mutual funds and ETFs) , non-affiliated funds that participate in Fidelity's FundsNetwork®, non-affiliated ETFs and sub-advisers. Allocating assets among sub-advisers and underlying funds using proprietary fundamental and quantitative research, considering factors including, but not limited to, performance in different market environments, manager experience and investment style, management company infrastructure, costs, asset size, and portfolio turnover. Investing up to 25% of assets in one or more wholly-owned subsidiaries organized under the laws of the Cayman Islands with a May 31 fiscal year end that invest in commodity-linked derivative instruments. Pursuant to an exemptive order granted by the Securities and Exchange Commission (SEC), Strategic Advisers LLC (Strategic Advisers) is permitted, subject to the approval of the Board of Trustees, to enter into new or amended sub-advisory agreements with one or more unaffiliated sub-advisers without obtaining shareholder approval of such agreements. Subject to oversight by the Board of Trustees, Strategic Advisers has the ultimate responsibility to oversee the fund's sub-advisers and recommend their hiring, termination, and replacement. In the event the Board of Trustees approves a sub-advisory agreement with a new unaffiliated sub-adviser, shareholders will be provided with information about the new sub-adviser and sub-advisory agreement .
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FSLTX - Performance

Return Ranking - Trailing

Period FSLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% N/A N/A N/A
1 Yr 5.2% 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 FSLTX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A 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 FSLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% N/A N/A N/A
1 Yr 5.2% 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 FSLTX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A 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


FSLTX - Holdings

Concentration Analysis

FSLTX Category Low Category High FSLTX % Rank
Net Assets 2.36 B N/A N/A N/A
Number of Holdings 909 N/A N/A N/A
Net Assets in Top 10 1.79 B N/A N/A N/A
Weighting of Top 10 73.66% N/A N/A N/A

Top 10 Holdings

  1. BlackRock Systematic Multi-Strat Inv A 10.54%
  2. Eaton Vance Glbl Macro Abs Ret Advtg A 9.95%
  3. Fidelity SAI Convertible Arbitrage Fund 9.57%
  4. The Merger Fund A 7.58%
  5. First Trust Merger Arbitrage Cl I 7.34%
  6. Absolute Convertible Arbitrage Inv 6.40%
  7. Stone Ridge Diversified Alternatives I 6.04%
  8. JHancock Diversified Macro A 5.88%
  9. BlackRock Global Equity Mkt Netrl A 5.22%
  10. Victory Market Neutral Income I 5.16%

Asset Allocation

Weighting Return Low Return High FSLTX % Rank
Stocks
94.94% N/A N/A N/A
Bonds
3.65% N/A N/A N/A
Cash
0.82% N/A N/A N/A
Other
0.58% 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 FSLTX % 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 FSLTX % Rank
US
94.94% N/A N/A N/A
Non US
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FSLTX % Rank
Cash & Equivalents
0.20% N/A N/A N/A
Derivative
0.06% 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 FSLTX % Rank
US
3.59% N/A N/A N/A
Non US
0.06% N/A N/A N/A

FSLTX - Expenses

Operational Fees

FSLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.72% N/A N/A N/A
Management Fee 0.34% 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

FSLTX 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

FSLTX 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.

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

FSLTX - Distributions

Dividend Yield Analysis

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

Dividend Distribution Analysis

FSLTX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

FSLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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FSLTX - Fund Manager Analysis

Tenure Analysis

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