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FCSSX Fidelity® Series Commodity Strategy

  • Fund
  • FCSSX
  • Price as of: Dec 08, 2016
  • $5.42
  • + $0.01
  • + 0.19%
  • Category
  • Commodity Producers Equities

FCSSX - Profile

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return -12.1%
  • 5 Yr Annualized Return -10.6%
  • Net Assets $3.55 B
  • Holdings in Top 10 3.9%

52 WEEK LOW AND HIGH

$5.42
$4.54
$5.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-10-01

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return -12.1%
  • 5 Yr Annualized Total Return -10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Series Commodity Strategy Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 01, 2009
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Waddell

Fund Description

The fund normally invests in commodity-linked derivative instruments, short-term investment-grade debt securities, cash, and cash equivalents. It invests up to 25% of assets in a wholly-owned subsidiary that invests in commodity-linked total return swaps based on the value of commodities or commodities indexes and in other commodity-linked derivative instruments. The fund invests in domestic and foreign issuers. It engages in commodity-linked derivatives transactions that have a leveraging effect on the fund. The fund is non-diversified.

FCSSX - Performance

Return Ranking - Trailing

Period FCSSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.1% -8.0% 48.1% 54.13% 3
1 Yr 5.6% -25.6% 46.2% 63.64% 4
3 Yr -12.1% * -23.3% 12.8% 62.63% 4
5 Yr -10.6% * -17.0% 9.3% 73.56% 4
10 Yr N/A * -11.8% 1.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period FCSSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.3% -35.0% 0.0% 58.33% 4
2014 -17.6% -34.3% 0.0% 56.38% 3
2013 -10.0% -51.4% 23.5% 60.44% 4
2012 -1.8% -12.4% 20.4% 52.00% 3
2011 -29.1% -29.8% -2.3% 91.04% 5

Total Return Ranking - Trailing

Period FCSSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.1% -8.0% 50.7% 54.13% 3
1 Yr 5.6% -25.6% 46.2% 47.27% 3
3 Yr -12.1% * -24.0% 13.4% 56.57% 3
5 Yr -10.6% * -17.0% 9.3% 68.97% 4
10 Yr N/A * -11.8% 1.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FCSSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.3% -35.0% 0.6% 67.59% 4
2014 -17.6% -34.3% 0.0% 57.45% 3
2013 -10.0% -51.7% 24.8% 63.74% 4
2012 -1.8% -12.5% 23.1% 64.00% 4
2011 -14.2% -22.9% -0.1% 79.10% 4

NAV & Total Return History

FCSSX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

FCSSX Category Low Category High FCSSX % Rank Quintile
Net Assets 3.55 B 1.24 M 4.03 B 1.82% 1
Number of Holdings 70 2 457 11.82% 2
Net Assets in Top 10 84.2 M -875 K 1.82 B 14.55% 2
Weighting of Top 10 3.9% 3.9% 98.1% 34.55% 5

Top 10 Holdings

  1. US Treasury Bill 2.87%
  2. Natural Gas Fut Jan17 Ngf7 0.25%
  3. Wti Crude Fut Jan17 Clf7 0.16%
  4. Gold 100 Oz Fut Dec16 Gcz6 0.14%
  5. Silver Future Dec16 Siz6 0.12%
  6. Corn Future Dec16 C Z6 0.08%
  7. Sg @bcomtr Lg Cm Swap 12/21/16 0.07%
  8. Coffee 'c' Fut Dec16 Kcz6 0.07%
  9. Ny Harb Ulsd Fut Jan17 Hof7 0.06%
  10. Soybean Future Jan17 S F7 0.06%

Asset Allocation

Weighting Category Low Category High FCSSX % Rank Quintile
Cash
97.61% -0.32% 100.00% 1.82% 1
Bonds
2.87% 0.00% 78.15% 19.09% 3
Preferred Stocks
0.00% 0.00% 1.01% 2.73% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.91% 3
Stocks
-0.16% -0.16% 100.32% 13.64% 5
Other
-0.32% -0.55% 68.56% 23.64% 5

Bond Sector Breakdown

Weighting Category Low Category High FCSSX % Rank Quintile
Cash & Equivalents
97.61% 0.00% 100.00% 1.82% 1
Government
2.87% 0.00% 76.12% 17.27% 3
Securitized
0.00% 0.00% 32.01% 10.91% 3
Corporate
0.00% 0.00% 54.35% 14.55% 4
Municipal
0.00% 0.00% 3.33% 4.55% 3
Derivative
0.00% -0.86% 1.49% 2.73% 3

Bond Geographic Breakdown

Weighting Category Low Category High FCSSX % Rank Quintile
US
2.87% 0.00% 76.12% 19.09% 3
Non US
0.00% 0.00% 24.49% 9.09% 4

FCSSX - Expenses

Operational Fees

FCSSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.65% 0.40% 8.32% 76.36% 1
Management Fee 0.40% 0.30% 1.50% 20.00% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 1.05% N/A N/A

Sales Fees

FCSSX Fees (% of AUM) Category Low Category High FCSSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FCSSX Fees (% of AUM) Category Low Category High FCSSX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover 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.

FCSSX Fees (% of AUM) Category Low Category High FCSSX Rank Quintile
Turnover 0.00% 0.00% 2213.00% 28.30% 1

FCSSX - Distributions

Dividend Yield Analysis

FCSSX Category Low Category High FCSSX % Rank Quintile
Dividend Yield N/A 0.00% 0.96% N/A N/A

Dividend Distribution Analysis

FCSSX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

FCSSX Category Low Category High FCSSX % Rank Quintile
Net Income Ratio -0.28% -2.69% 2.11% 28.18% 2

Capital Gain Distribution Analysis

FCSSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FCSSX - Managers

Patrick Waddell

Manager

Start Date

Oct 01, 2009

Tenure

7.17

Tenure Rank

5.1%

Waddell has been a Portfolio Manager with Geode since July 2006. Previously, he was an Assistant Portfolio Manager with Geode since 2004. In addition to his portfolio management responsibilities, Waddell is responsible for quantitative research and new product development. Prior to joining Geode, he was employed by Fidelity in 1997 and served as a Senior Portfolio Assistant from 2002 to 2004.


Bobe Simon

Manager

Start Date

Oct 01, 2009

Tenure

7.17

Tenure Rank

5.1%

Simon has been a Portfolio Manager with Geode since April 2005. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Simon worked as a quantitative analyst at Putnam Investments from July 1995 to April 2005.


Louis Bottari

Manager

Start Date

Oct 01, 2009

Tenure

7.17

Tenure Rank

5.1%

Mr. Bottari has been an Assistant Portfolio Manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.


Eric Matteson

Manager

Start Date

Sep 29, 2010

Tenure

6.18

Tenure Rank

7.4%

Eric Matteson has been an assistant portfolio manager with Geode since March 2010. He has served as an assistant portfolio manager of the fund since September 2010, as well as for other registered investment companies. In addition to his portfolio management responsibilities, Mr. Matteson is responsible for quantitative research and new product development. Prior to joining Geode, Mr. Matteson worked as a Portfolio manager at Rampart Invest Management Company from February 2005 to March 2010.


Tenure Analysis

Category Low

0.0

Category High

12.4

Category Average

4.88

Category Mode

1.9