FRPCX Fees and Costs — Fidelity SAI Alternative Risk Premia Strategy Fund
Data updated: 2026-10-13
The net expense ratio is 0.50%: a 0.45% management fee plus 0.23% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
FRPCX Fees and Expenses
Annual operating expenses and sales charges of FRPCX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FRPCX Costs Over Time
On $10,000 invested in FRPCX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
FRPCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $353.5M
- Portfolio turnover (prospectus): 0%
FRPCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $143.6M | 40.61% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $96.2M | 27.21% |
| WELLS FARGO and CO | $45.4M | 12.85% |
| NOMURA HOLDINGS INC | $28.8M | 8.16% |
| CITIGROUP INC | $27.7M | 7.84% |
| JEFFERIES FINANCIAL GROUP INC | $10.1M | 2.85% |
| BANK OF MONTREAL QUE | $1.7M | 0.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.