Key Takeaways
- • Fidelity SAI Managed Futures Fund (FMFLX) holds iShares Core S&P 500 ETF (IVV) as a 3.85% position, representing 7.30% of total fund assets across two holdings as of June 2026.
- • IVV tracks the S&P 500 Index with 504 holdings and maintains an ultra-low expense ratio of 0.03%, offering institutional-grade cost efficiency for core equity exposure to large-cap U.S. companies.
- • IVV's top three holdings—NVDA (15.60%), MSFT (14.97%), and AAPL (12.41%)—represent significant concentration in mega-cap technology, reflecting the index's sector weighting as of June 2026.
- • As of June 12, 2026, IVV traded at $745.40 NAV with a year-to-date return of 8.58% and a 30-day SEC yield of 0.96%, indicating solid equity market performance and modest dividend generation.
- • IVV's market capitalization exceeds $801 billion with approximately 1.09 billion shares outstanding, positioning it as one of the largest and most liquid S&P 500 tracking vehicles available to institutional investors.
Summary
The iShares Core S&P 500 ETF (IVV) represents a core holding within the Fidelity SAI Managed Futures Fund (FMFLX), comprising 3.85% of that fund's portfolio. As of June 2026, this position accounts for 7.30% of FMFLX's total assets, alongside one other holding (FCEK26 at 3.45%), illustrating IVV's significance as a foundational equity exposure vehicle for the managed futures strategy.
IVV itself remains one of the market's premier S&P 500 tracking vehicles, maintaining a portfolio of 504 holdings with an exceptionally low expense ratio of 0.03%. This cost structure reflects the fund's appeal as a core building block for institutional portfolios seeking broad U.S. large-cap exposure without excessive fee drag. The fund's objective is straightforward: replicate the performance of the S&P 500 Index, providing direct exposure to approximately 500 of the largest publicly traded U.S. companies across all sectors.
The fund's concentration in mega-cap technology is pronounced. The top three holdings—NVDA at 15.60%, MSFT at 14.97%, and AAPL at 12.41%—collectively represent approximately 42.98% of the portfolio, alongside other significant positions including AMZN (6.11%) and AVGO (4.0%). This concentration reflects the S&P 500 Index's current composition as of June 2026 and underscores the sector dynamics driving broad equity market performance.
Performance metrics as of mid-June 2026 reflect a resilient equity environment. IVV traded at a NAV of $745.40 on June 12, 2026, with year-to-date gains of 8.58% and a 52-week range of $597.24 to $762.92. The fund generated a 30-day SEC yield of 0.96% and a 12-month trailing yield of 1.06%, consistent with the low-yield environment and elevated valuation multiples characterizing 2026 equity markets. The fund's market capitalization exceeded $801 billion, with approximately 1.09 billion shares outstanding, confirming its status as a highly liquid institutional-grade investment vehicle. For alternative investment managers employing managed futures strategies, IVV's inclusion in FMFLX's portfolio provides essential diversified equity market exposure alongside more specialized positioning.
IVV itself remains one of the market's premier S&P 500 tracking vehicles, maintaining a portfolio of 504 holdings with an exceptionally low expense ratio of 0.03%. This cost structure reflects the fund's appeal as a core building block for institutional portfolios seeking broad U.S. large-cap exposure without excessive fee drag. The fund's objective is straightforward: replicate the performance of the S&P 500 Index, providing direct exposure to approximately 500 of the largest publicly traded U.S. companies across all sectors.
The fund's concentration in mega-cap technology is pronounced. The top three holdings—NVDA at 15.60%, MSFT at 14.97%, and AAPL at 12.41%—collectively represent approximately 42.98% of the portfolio, alongside other significant positions including AMZN (6.11%) and AVGO (4.0%). This concentration reflects the S&P 500 Index's current composition as of June 2026 and underscores the sector dynamics driving broad equity market performance.
Performance metrics as of mid-June 2026 reflect a resilient equity environment. IVV traded at a NAV of $745.40 on June 12, 2026, with year-to-date gains of 8.58% and a 52-week range of $597.24 to $762.92. The fund generated a 30-day SEC yield of 0.96% and a 12-month trailing yield of 1.06%, consistent with the low-yield environment and elevated valuation multiples characterizing 2026 equity markets. The fund's market capitalization exceeded $801 billion, with approximately 1.09 billion shares outstanding, confirming its status as a highly liquid institutional-grade investment vehicle. For alternative investment managers employing managed futures strategies, IVV's inclusion in FMFLX's portfolio provides essential diversified equity market exposure alongside more specialized positioning.
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