Key Takeaways
- • Fidelity SAI Managed Futures Fund pursues a trend-following strategy designed to capture price momentum across equity, fixed income, currency, and commodity markets, utilizing derivatives and direct investments to gain diversified exposure.
- • The fund's investment objective centers on capital appreciation through systematic identification and exploitation of persistent price trends in both upward and downward directions across multiple asset classes.
- • As of September 17, 2026, the Fidelity SAI Managed Futures Fund traded at a net asset value (NAV) of $12.24, with minimal daily movement (+0.01, +0.08%) and zero price change over the selected performance period.
- • The fund employs a non-diversified structure, meaning it may concentrate holdings in fewer securities or strategies than traditional diversified funds, potentially increasing both risk and return volatility.
- • Fund administration is managed by The Bank of New York Mellon, providing custody and operational infrastructure for the strategy.
Summary
The Fidelity SAI Managed Futures Fund represents a systematic trend-following investment vehicle designed for investors seeking capital appreciation through exposure to price momentum across global markets. The fund's core strategy involves identifying and capturing persistent price trends—both bullish and bearish—that emerge in equity markets, fixed income securities, currency pairs, and commodity futures. This multi-asset approach provides institutional investors with a single vehicle to access trend-following exposure without requiring separate allocations across individual asset classes.
The fund achieves its investment mandate through a combination of derivative instruments and direct market investments. By utilizing equity, fixed income, currency, and commodity derivatives alongside selective direct positions, the strategy allows managers to maintain flexible exposure while managing capital efficiency and leverage considerations. This approach is characteristic of managed futures strategies, which have historically provided diversification benefits and downside protection during equity market dislocations, though with mixed performance depending on market regimes.
Operationally, the Fidelity SAI Managed Futures Fund maintains a non-diversified structure, a critical distinction for investors. Non-diversified funds are not subject to the same concentration restrictions as diversified funds, allowing portfolio managers greater latitude in capital allocation but also exposing shareholders to potentially higher volatility. The Bank of New York Mellon serves as the fund's administrator, handling custody, settlement, and operational infrastructure.
As of mid-September 2026, the fund's NAV stood at $12.24 per share with minimal daily trading activity and flat period-to-date performance, reflecting either market consolidation within the trend-following strategy or an environment with limited directional conviction across the asset classes tracked by the fund.
The fund achieves its investment mandate through a combination of derivative instruments and direct market investments. By utilizing equity, fixed income, currency, and commodity derivatives alongside selective direct positions, the strategy allows managers to maintain flexible exposure while managing capital efficiency and leverage considerations. This approach is characteristic of managed futures strategies, which have historically provided diversification benefits and downside protection during equity market dislocations, though with mixed performance depending on market regimes.
Operationally, the Fidelity SAI Managed Futures Fund maintains a non-diversified structure, a critical distinction for investors. Non-diversified funds are not subject to the same concentration restrictions as diversified funds, allowing portfolio managers greater latitude in capital allocation but also exposing shareholders to potentially higher volatility. The Bank of New York Mellon serves as the fund's administrator, handling custody, settlement, and operational infrastructure.
As of mid-September 2026, the fund's NAV stood at $12.24 per share with minimal daily trading activity and flat period-to-date performance, reflecting either market consolidation within the trend-following strategy or an environment with limited directional conviction across the asset classes tracked by the fund.
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