FAPWX

About FAPWX

Fidelity Advisor Risk Parity Fund Class M is a mutual fund designed to pursue total return through a sophisticated, risk-balanced investment approach. This fund utilizes quantitative analysis to diversify risk exposure across four major factors: growth, inflation, real interest rates, and liquidity. It constructs portfolios for each factor, utilizing a broad array of asset classes—including domestic, international, and emerging market equities; investment-grade and high-yield debt; commodities; and real estate—while also holding cash and equivalents. The fund further enhances its diversification and flexibility through both affiliated and unaffiliated mutual funds, ETFs, and a broad use of derivatives such as futures, swaps, and options. To access commodity markets more efficiently, it may invest up to 25% of its assets in a Cayman Islands-based subsidiary focused on commodity-linked derivatives. With a tactical allocation mandate and a semi-annual dividend distribution, this fund aims to provide resilience across varying market regimes. It is particularly relevant for investors seeking exposure to an alternative, multi-asset strategy that systematically manages and diversifies risk rather than concentrating bets by asset class or region.