Fidelity SAI Inflation-Focused
FIFGX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Dec 20, 2018
- CIK
- 0000028540
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity SAI Inflation-Focused Fund (FIFGX) is an open-end mutual fund that seeks total return through investments designed to provide inflation protection. Launched on December 20, 2018, and domiciled in the United States, the fund normally invests in commodity-linked derivative instruments including futures contracts on Brent crude oil, WTI crude oil, gold, low sulphur gasoil, copper, natural gas, gasoline, and ultra-low sulfur diesel; inflation-indexed securities; U.S. Treasury securities such as Treasury bills; cash; and cash equivalents, with Fidelity Cash Central Fund comprising a significant portion of holdings. It operates within the commodities broad basket category, targeting institutional and certain individual investors through Strategic Advisers LLC and affiliates, with total net assets of approximately $5.52 billion, a net expense ratio of 0.39%, and availability exclusively in the United States. The fund maintains a diversified portfolio across energy commodities like crude oil and gasoil derivatives; precious metals such as gold and silver futures; and base metals including copper futures; supplemented by substantial cash allocations for collateral and liquidity management. Portfolio managers Wayne Ryan and Eric Matteson have overseen the strategy since inception in December 2018, joined by Ruoyu Wang as assistant portfolio manager since May 31, 2020. Headquartered with Fidelity Investments at 245 Summer Street, Boston, Massachusetts, the fund emphasizes broad commodity exposure to hedge inflation risks without direct physical asset ownership. In recent developments, the fund has sustained strong asset growth to over $5 billion amid volatile commodity markets, reflecting sustained investor interest in inflation-hedging strategies as of late 2025. Top holdings as of September 2025 include elevated positions in Brent Crude Future Jan 26 at 17.65%, Crude Oil Future Nov 25 at 15.00%, and Gold Future Dec 25 at 10.77%, indicating a tactical overweight in energy amid global supply dynamics. No major acquisitions, partnerships, funding rounds, or structural reorganizations have been reported in the last 1-2 years; however, ongoing portfolio adjustments reflect active management of futures rollovers and sector weightings, with turnover at 0-61% and a Morningstar Medalist Rating upgrade driven by people pillar enhancements.