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Trending ETFs

Name

As of 03/27/2024

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

$8.62

$1.43 B

5.96%

$0.51

0.80%

Vitals

YTD Return

1.8%

1 yr return

12.0%

3 Yr Avg Return

2.3%

5 Yr Avg Return

4.0%

Net Assets

$1.43 B

Holdings in Top 10

54.1%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 33.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$8.62

$1.43 B

5.96%

$0.51

0.80%

FPIOX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.57%
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Advisers Income Opportunities Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Nov 19, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Sterling

Fund Description

Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default) and futures contracts - and forward-settling securities, to adjust the fund's risk exposure and/or to manage liquidity.
Read More

FPIOX - Performance

Return Ranking - Trailing

Period FPIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.9% 8.2% 24.96%
1 Yr 12.0% -4.3% 26.0% 40.38%
3 Yr 2.3%* -15.6% 20.6% 30.39%
5 Yr 4.0%* -11.2% 37.3% 28.15%
10 Yr 3.8%* -4.7% 19.5% 25.88%

* Annualized

Return Ranking - Calendar

Period FPIOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -4.7% 14.3% 49.22%
2022 -15.1% -33.4% 3.6% 42.32%
2021 0.5% -8.4% 14.9% 33.77%
2020 0.0% -13.9% 302.7% 47.39%
2019 8.5% -4.4% 13.3% 38.28%

Total Return Ranking - Trailing

Period FPIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.9% 8.2% 24.96%
1 Yr 12.0% -4.3% 26.0% 40.38%
3 Yr 2.3%* -15.6% 20.6% 30.39%
5 Yr 4.0%* -11.2% 37.3% 28.15%
10 Yr 3.8%* -4.7% 19.5% 25.88%

* Annualized

Total Return Ranking - Calendar

Period FPIOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% -4.7% 18.7% 57.30%
2022 -10.3% -33.4% 47.8% 42.63%
2021 6.2% -8.4% 24.8% 25.45%
2020 5.8% -9.6% 325.6% 43.19%
2019 15.5% -3.8% 21.5% 15.34%

NAV & Total Return History


FPIOX - Holdings

Concentration Analysis

FPIOX Category Low Category High FPIOX % Rank
Net Assets 1.43 B 1.85 M 22.6 B 31.34%
Number of Holdings 1151 2 2736 5.40%
Net Assets in Top 10 788 M -492 M 4.45 B 8.95%
Weighting of Top 10 54.13% 4.2% 149.6% 3.70%

Top 10 Holdings

  1. Artisan High Income Investor 14.75%
  2. Fidelity Capital and Income Fund 9.38%
  3. MainStay MacKay High Yield Corp Bd A 8.65%
  4. BlackRock High Yield Bond K 7.93%
  5. Eaton Vance Income Fund of Boston A 7.86%
  6. Vanguard High-Yield Corporate Adm 3.36%
  7. State Street Instl US Govt MMkt Premier 0.74%
  8. UST NOTES 2.625% 05/31/2027 0.66%
  9. UST NOTES 4.25% 05/31/2025 0.40%
  10. ASURION TERM B4 2LN 01/20/2029 0.40%

Asset Allocation

Weighting Return Low Return High FPIOX % Rank
Stocks
53.96% 0.00% 99.61% 1.08%
Bonds
44.60% -3.13% 154.38% 96.62%
Convertible Bonds
0.95% 0.00% 17.89% 59.10%
Cash
0.87% -52.00% 49.49% 89.97%
Preferred Stocks
0.62% 0.00% 8.06% 15.90%
Other
-0.05% -63.70% 102.57% 89.97%

Stock Sector Breakdown

Weighting Return Low Return High FPIOX % Rank
Energy
28.95% 0.00% 100.00% 51.68%
Consumer Cyclical
14.76% 0.00% 100.00% 18.16%
Technology
13.40% 0.00% 33.17% 6.42%
Communication Services
9.16% 0.00% 99.99% 34.64%
Healthcare
6.65% 0.00% 22.17% 5.59%
Basic Materials
6.08% 0.00% 100.00% 21.79%
Utilities
5.60% 0.00% 100.00% 13.41%
Industrials
5.32% 0.00% 93.12% 16.76%
Consumer Defense
4.92% 0.00% 100.00% 14.80%
Financial Services
3.56% 0.00% 100.00% 24.02%
Real Estate
1.59% 0.00% 86.71% 18.16%

Stock Geographic Breakdown

Weighting Return Low Return High FPIOX % Rank
US
53.96% 0.00% 99.61% 1.08%
Non US
0.00% -0.01% 0.83% 41.36%

Bond Sector Breakdown

Weighting Return Low Return High FPIOX % Rank
Corporate
94.33% 0.00% 129.69% 52.70%
Government
0.29% 0.00% 99.07% 24.27%
Cash & Equivalents
0.20% 0.00% 49.49% 84.41%
Municipal
0.11% 0.00% 4.66% 6.49%
Securitized
0.03% 0.00% 97.24% 44.67%
Derivative
-0.05% -15.04% 42.26% 91.05%

Bond Geographic Breakdown

Weighting Return Low Return High FPIOX % Rank
US
44.40% -3.13% 129.21% 96.14%
Non US
0.20% 0.00% 97.33% 39.97%

FPIOX - Expenses

Operational Fees

FPIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.04% 31.61% 65.90%
Management Fee 0.40% 0.00% 1.84% 13.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FPIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FPIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FPIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 1.00% 255.00% 8.83%

FPIOX - Distributions

Dividend Yield Analysis

FPIOX Category Low Category High FPIOX % Rank
Dividend Yield 5.96% 0.00% 35.52% 48.62%

Dividend Distribution Analysis

FPIOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FPIOX Category Low Category High FPIOX % Rank
Net Income Ratio 4.57% -2.39% 14.30% 40.35%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FPIOX - Fund Manager Analysis

Managers

Charles Sterling


Start Date

Tenure

Tenure Rank

Aug 23, 2018

3.77

3.8%

Since joining Fidelity Investments in 1996, Mr. Sterling has worked as research analyst and portfolio manager.

Jonathan Duggan


Start Date

Tenure

Tenure Rank

Apr 01, 2019

3.17

3.2%

Jonathan Duggan is lead portfolio manager of the fund, which he has managed since 2018. He also manages other funds. Since joining Fidelity Investments in 2007, Mr. Duggan has worked as team leader of fixed income research and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17