Fidelity Macro Opportunities Fund
Data updated: 2024-12-27
C000234490 — Fidelity Macro Opportunities Fund. Alternative · $10.48M AUM · 1.09% expense ratio. Holdings, fees, performance and SEC filings.
C000234490 Fund Overview
Fidelity Macro Opportunities Fund is a US mutual fund managed by Fidelity Greenwood Street Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Greenwood Street Trust
- Category: Alternative
- Assets under management: $10.48M
- 1-year return: -51.5%
- SEC CIK: 0001898391
- SEC series ID: S000075413
- Share class ID: C000234490
C000234490 Investment Objective and Strategy
Fidelity Macro Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fidelity Greenwood Street Trust.
Investment objective
Fidelity Macro Opportunities Fund seeks total return.
Principal investment strategy
Allocating investments across different market sectors, countries (U.S. and non-U.S.), and regions, including emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Allocating the fund's assets among affiliated and unaffiliated mutual funds and Exchange Traded Funds (ETFs) (collectively, underlying funds) and derivatives that provide exposure to equity, debt, currency, and commodities markets. Using fundamental analysis to evaluate macroeconomic themes based on secular trends, business cycles and market regimes, and to invest the fund in assets that offer an attractive risk/return profile in the context of those themes.
Using proprietary portfolio construction methodologies to express views on major asset allocation dimensions. Investing in underlying funds, derivatives, cash and cash equivalents. Engagingin transactions that have a leveraging effect on the fund, including long and short investments in derivatives - such as forward contracts, futures, options and swaps - and forward-settling securities, to: create and adjust the fund's investment exposure; enhance total return; hedge against fluctuations in securities prices, interest rates, or currency exchange rates; change the effective duration of the fund's portfolio; manage certain investment risk; manage volatility; and/or substitute for the purchase or sale of securities or currencies. Investing up to 25% of assets in a wholly-owned subsidiary organized under the laws of the Cayman Islands that invests in commodity-linked total return swaps based on the value of commodities or commodities indexes and in other commodity-linked derivative instruments, commodity- related ETFs and commodity-related exchange-traded notes (ETNs).
C000234490 Holdings
Top 10 holdings of Fidelity Macro Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 74.56% |
| Fidelity Revere Street Trust | 74.56% |
| Spdr Gold Tr | 8.04% |
| Spdr Gold Tr | 8.04% |
| Ishares Tr | 5.75% |
| Ishares Tr | 5.75% |
| Ishares Tr | 3.89% |
| Ishares Tr | 3.89% |
| Vanguard World Fds | 2.27% |
| Vanguard World Fds | 2.27% |
C000234490 Portfolio Allocation
Asset-class allocation of Fidelity Macro Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 149.1% |
| Equity | 44.4% |
| Fixed Income | 8.0% |
C000234490 Performance
Total returns for C000234490 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -51.5% |
| 3 years (annualised) | -53.4% |
C000234490 Risk Information
Risk metrics for C000234490, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.4%
C000234490 Costs and Fees
C000234490 costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.19%
- Portfolio turnover: 22%
- Brokerage commissions: 2.37 bps of average net assets (SEC N-CEN)
C000234490 Cashflows
Over the 12 months to 2024-10, Fidelity Macro Opportunities Fund had net outflows of $2.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-10 | $123.47K |
| 2024-09 | $30.60K |
| 2024-08 | $15.68K |
| 2024-07 | −$106.59K |
| 2024-06 | −$247.21K |
| 2024-05 | −$336.01K |
C000234490 Debt Constituents
Largest debt holdings of Fidelity Macro Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Bills | 1.98% |
| Ust Bills | 1.98% |
| Ust Bills | 1.24% |
| Ust Bills | 1.24% |
| Ust Bills | 0.48% |
| Ust Bills | 0.48% |
| Ust Bills | 0.28% |
| Ust Bills | 0.28% |
C000234490 Prospectus and SEC Filings
Official Fidelity Macro Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-03-26
- Prospectus (485BPOS) — filed 2023-03-28
- Prospectus supplement (497) — filed 2022-06-28
- Portfolio holdings (N-PORT) — filed 2024-12-27
- Portfolio holdings (N-PORT) — filed 2024-09-25
- Portfolio holdings (N-PORT) — filed 2024-07-01
- Annual census (N-CEN) — filed 2024-04-12
- Annual census (N-CEN) — filed 2023-05-04
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.