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FCSSX Fidelity® Series Commodity Strategy

  • Fund
  • FCSSX
  • Price as of: Sep 20, 2019
  • $4.68 - $0.01 - 0.21%

FCSSX - Profile

Vitals

  • YTD Return 4.0%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return -8.8%
  • Net Assets $7.09 B
  • Holdings in Top 10 11.0%

52 WEEK LOW AND HIGH

$4.68
$4.50
$5.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.05%

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 Oct 01, 2009

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return -7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 0.8%
  • 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 Bobe Simon

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.

FCSSX - Performance

Return Ranking - Trailing

Period FCSSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -3.7% 11.1% 66.36%
1 Yr -5.5% -41.0% 9.3% 18.35%
3 Yr -4.0%* -11.6% 0.6% 62.77%
5 Yr -8.8%* -22.8% -3.5% 59.49%
10 Yr N/A* -15.4% 17.9% N/A

* Annualized


Return Ranking - Calendar

Period FCSSX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.3% -42.9% -0.2% 59.18%
2017 0.4% -13.1% 10.5% 62.77%
2016 11.1% 3.1% 22.1% 51.61%
2015 -25.3% -64.9% -7.2% 61.45%
2014 -17.6% -34.3% 669.0% 48.61%

Total Return Ranking - Trailing

Period FCSSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -3.7% 11.1% 66.36%
1 Yr -5.5% -41.0% 9.3% 23.85%
3 Yr -1.8%* -11.6% 2.9% 46.81%
5 Yr -7.6%* -20.1% -3.5% 46.84%
10 Yr N/A* -11.9% 21.2% N/A

* Annualized


Total Return Ranking - Calendar

Period FCSSX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -42.9% -0.2% 16.33%
2017 0.9% -8.3% 10.9% 80.85%
2016 11.1% 3.1% 23.2% 66.67%
2015 -25.3% -62.9% -7.2% 61.45%
2014 -17.6% -34.3% 698.3% 48.61%

NAV & Total Return History

FCSSX - Holdings

Concentration Analysis

FCSSX Category Low Category High FCSSX % Rank
Net Assets 7.09 B 1.2 M 7.09 B 0.90%
Number of Holdings 93 2 958 50.45%
Net Assets in Top 10 -699 M -699 M 2.94 B 100.00%
Weighting of Top 10 10.98% 8.5% 165.3% 98.20%

Top 10 Holdings

  1. Mcq @bcomtr Lg Cm Swap 9/9/19 1.95%

  2. Citi@bcomtr Lg Cm Swp 11/25/19 1.66%

  3. Mcq @bcomtr Lg Cm Swap 12/5/19 1.51%

  4. Jpm @bcomtr Lg Cm Swp 10/21/19 1.50%

  5. Ubs @bcomtr Lg Cm Swp 11/08/19 1.16%

  6. Cibc@bcomtr Lg Cm Swp 10/24/19 1.12%

  7. Mcq @bcomtr Lg Cm Swp 11/15/19 0.77%

  8. Rbc @bcomtr Lg Cm Swp 11/22/19 0.77%

  9. Commodity Indexing Short 2249 0.42%

  10. Crude Oil Aug19 0.12%


Asset Allocation

Weighting Return Low Return High FCSSX % Rank
Cash
111.24% -68.44% 111.24% 0.90%
Stocks
0.00% 0.00% 48.65% 84.68%
Preferred Stocks
0.00% 0.00% 0.00% 72.07%
Convertible Bonds
0.00% 0.00% 1.64% 79.28%
Bonds
0.00% 0.00% 93.87% 93.69%
Other
-11.24% -11.24% 106.81% 100.00%

FCSSX - Expenses

Operational Fees

FCSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.05% 0.05% 12.59% 100.00%
Management Fee 0.00% 0.00% 1.75% 0.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FCSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FCSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 5463.00% 19.27%

FCSSX - Distributions

Dividend Yield Analysis

FCSSX Category Low Category High FCSSX % Rank
Dividend Yield 0.83% 0.00% 46.74% 59.46%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FCSSX Category Low Category High FCSSX % Rank
Net Income Ratio 1.41% -1.16% 2.35% 24.77%

Capital Gain Distribution Analysis

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

FCSSX - Managers

Bobe Simon

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2009

9.92

9.9%

Since joining Geode in 2005, Mr. Simon has worked as a portfolio manager and senior portfolio manager. Prior to joining Geode, Simon worked as a quantitative analyst at Putnam Investments from July 1995 to April 2005.


Eric Matteson

Manager

Start Date

Tenure

Tenure Rank

Sep 29, 2010

8.93

8.9%

Eric Matteson has been an assistant portfolio manager with Geode since March 2010. 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.


Wayne D. Ryan

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2018

1.17

1.2%

WAYNE D. RYAN, CAIA Portfolio Manager Franklin Alternative Strategies Advisers LLC Pelagos Capital Management Boston, Massachusetts, United States Wayne Ryan is a portfolio manager and a member of the Pelagos Capital Management investment committee. Mr. Ryan has been with the investment and trading of multiple asset classes since 1998 and has been managing multi-alternative and commodity strategies since 2008. He has been a member of the Pelagos team since January 2006. Prior to joining Pelagos, Mr. Ryan's experience was highlighted by eight years of proprietary equity trading. He earned a M.B.A. from the Carroll School of Management at Boston College and an A.B. from Harvard College. Mr. Ryan holds the Chartered Alternative Investment Analyst designation.


Tenure Analysis

Category Low

0.18

Category High

14.28

Category Average

5.97

Category Mode

8.76