FSAWX Performance — Fidelity SAI Convertible Arbitrage Fund
Data updated: 2026-09-23
FSAWX returned +7.19% year to date and +12.58% over one year to Jul 2026. Over one year the fund beat its US Large category average: $100 grew to $113, against $110 for the category. Volatility over the past 12 months was 2.81% a year. In the 12 months to Jul 2026 the fund took in a net $613.8M, and assets reached $1.27B.
FSAWX Growth of $100
What $100 invested in Fidelity SAI Convertible Arbitrage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large category average over the same months.
| Period | FSAWX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $110 |
| Since data start (Oct 2023 – Jul 2026) | $135 | $157 |
FSAWX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.19% |
| 1 year | +12.58% |
| 3 years (annualised) | +11.25% |
FSAWX Annual Returns
Calendar-year total returns of Fidelity SAI Convertible Arbitrage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.19% |
| 2025 | +12.32% |
| 2024 | +10.72% |
| 2023 (Oct–Dec) | +1.48% |
FSAWX 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 | +1.8% | +0.9% | −0.1% | +2.0% | +1.2% | +0.7% | +0.5% | — | — | — | — | — |
| 2025 | +0.8% | +1.4% | +1.2% | +1.0% | +1.1% | +0.3% | +1.0% | +0.9% | +2.1% | +1.8% | −0.4% | +0.6% |
| 2024 | +0.5% | +0.7% | +1.5% | 0.0% | +0.7% | +1.2% | +0.9% | +1.4% | +1.3% | +0.5% | +1.0% | +0.6% |
| 2023 | — | — | — | — | — | — | — | — | — | −0.1% | +0.8% | +0.8% |
FSAWX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 2.81%
- Best month: +2.06% (Sep 2025)
- Worst month: −0.43% (Nov 2025)
FSAWX Fund Flows
Monthly money in and out of Fidelity SAI Convertible Arbitrage Fund, from SEC Form N-PORT.
- 12-month net flow: $613.8M
- 12-month gross sales (incl. reinvestments): $613.8M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $0 | $0 | $0 |
| May 2026 | $75.0M | $0 | $75.0M |
| Apr 2026 | $60.0M | $0 | $60.0M |
| Mar 2026 | $16.5M | $0 | $16.5M |
| Feb 2026 | $65.0M | $0 | $65.0M |
| Jan 2026 | $45.0M | $0 | $45.0M |
| Dec 2025 | $153.3M | $0 | $153.3M |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $4.0M | $0 | $4.0M |
| Sep 2025 | $28.8M | $0 | $28.8M |
| Aug 2025 | $166.2M | $0 | $166.2M |
FSAWX Assets Under Management
Net assets of Fidelity SAI Convertible Arbitrage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.27B |
| 2026-04-30 | $1.17B |
| 2026-01-31 | $1.01B |
| 2025-10-31 | $863.86M |
| 2025-07-31 | $627.07M |
| 2025-04-30 | $443.16M |
| 2025-01-31 | $427.87M |
| 2024-10-31 | $244.30M |
| 2024-07-31 | $236.78M |
| 2024-04-30 | $205.69M |
| 2024-01-31 | $152.42M |
| 2023-10-31 | $54.88M |
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.