Fidelity SAI Merger Arbitrage Fund
FMADX
NASDAQ
| Weiss Ratings | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Reward Index | Unrated | |||
| Reward Grade | U | |||
| Risk Index | Unrated | |||
| Risk Grade | U | |||
| Company Info | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Provider | Fidelity Investments | |||
| Manager/Tenure (Years) | Niraj Gupta (1) | |||
| Website | http://www.institutional.fidelity.com | |||
| Fund Information | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Fund Name | Fidelity SAI Merger Arbitrage Fund | |||
| Category | Event Driven | |||
| Sub-Category | Alternative Miscellaneous | |||
| Prospectus Objective | Growth | |||
| Inception Date | Jun 17, 2025 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 0.00 | |||
| Minimum Subsequent Investment | -- | |||
| Front End Fee | -- | |||
| Back End Fee | -- | |||
| Dividends and Shares | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield | 1.52% | |||
| Dividend | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield (Forward) | 0.82% | |||
| Asset Allocation | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Cash | 16.34% | |||
| Stock | 84.91% | |||
| U.S. Stock | 84.91% | |||
| Non-U.S. Stock | 0.00% | |||
| Bond | -1.25% | |||
| U.S. Bond | -1.02% | |||
| Non-U.S. Bond | -0.23% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 0.00% | |||
| Price History | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 7-Day Total Return | -0.18% | |||
| 30-Day Total Return | -0.37% | |||
| 60-Day Total Return | 1.05% | |||
| 90-Day Total Return | 1.54% | |||
| Year to Date Total Return | 2.62% | |||
| 1-Year Total Return | 5.96% | |||
| 2-Year Total Return | -- | |||
| 3-Year Total Return | -- | |||
| 5-Year Total Return | -- | |||
| Price | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Nav | -- | |||
| 1-Month Low NAV | $10.57 | |||
| 1-Month High NAV | $10.62 | |||
| 52-Week Low NAV | $10.17 | |||
| 52-Week Low NAV (Date) | Sep 19, 2025 | |||
| 52-Week High NAV | $10.62 | |||
| 52-Week High Price (Date) | Aug 27, 2026 | |||
| Beta / Standard Deviation | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Beta | -- | |||
| Standard Deviation | -- | |||
| Balance Sheet | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 669.30M | |||
| Operating Ratios | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Expense Ratio | 1.10% | |||
| Turnover Ratio | 110.00% | |||
| Performance | FMADX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Last Bull Market Total Return | 550.61% | |||
| Last Bear Market Total Return | -- | |||