FMADX Performance — Fidelity SAI Merger Arbitrage Fund
Data updated: 2026-09-23
FMADX returned +1.94% year to date and +5.99% over one year to Jul 2026. Over one year the fund trailed its US Mid-Cap category average: $100 grew to $106, against $153 for the category. Volatility over the past 12 months was 1.47% a year. In the 12 months to Jul 2026 the fund took in a net $543.1M, and assets reached $637.01M.
FMADX Growth of $100
What $100 invested in Fidelity SAI Merger Arbitrage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap category average over the same months.
| Period | FMADX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $153 |
| Since data start (Jul 2025 – Jul 2026) | $107 | $157 |
FMADX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.94% |
| 1 year | +5.99% |
FMADX Annual Returns
Calendar-year total returns of Fidelity SAI Merger Arbitrage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.94% |
| 2025 (Jul–Dec) | +5.01% |
FMADX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.2% | +0.8% | +0.2% | +0.2% | 0.0% | +0.5% | +0.5% | — | — | — | — | — |
| 2025 | — | — | — | — | — | — | +1.0% | +0.7% | +0.7% | +0.3% | +0.9% | +1.4% |
FMADX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 1.47%
- Best month: +1.36% (Dec 2025)
- Worst month: −0.19% (Jan 2026)
FMADX Fund Flows
Monthly money in and out of Fidelity SAI Merger Arbitrage Fund, from SEC Form N-PORT.
- 12-month net flow: $543.1M
- 12-month gross sales (incl. reinvestments): $548.4M
- Sales ÷ redemptions: 104.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $25.0M | $0 | $25.0M |
| May 2026 | $35.0M | $0 | $35.0M |
| Apr 2026 | $50.0M | $0 | $50.0M |
| Mar 2026 | $14.9M | $5.3M | $9.6M |
| Feb 2026 | $101.0M | $0 | $101.0M |
| Jan 2026 | $102.0M | $0 | $102.0M |
| Dec 2025 | $30.9M | $0 | $30.9M |
| Nov 2025 | $48.4M | $0 | $48.4M |
| Oct 2025 | $34.0M | $0 | $34.0M |
| Sep 2025 | $31.3M | $0 | $31.3M |
| Aug 2025 | $75.7M | $0 | $75.7M |
FMADX Assets Under Management
Net assets of Fidelity SAI Merger Arbitrage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $637.01M |
| 2026-04-30 | $571.13M |
| 2026-01-31 | $410.08M |
| 2025-10-31 | $227.36M |
| 2025-07-31 | $83.59M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.