Fidelity SAI Inflation-Focused

The fund typically directs its capital towards a combination of investments aimed at managing inflation. These include financial instruments tied to commodities, inflation-indexed bonds, U.S. Treasury securities, and cash equivalents. Up to a quarter of the fund's total assets can be channeled into a wholly-owned entity domiciled in the Cayman Islands. This subsidiary focuses exclusively on commodity-linked derivative instruments, encompassing notes, total return swaps, options, and forward contracts based on commodity values or indexes, along with commodity futures. The fund sources its investments from both domestic and international issuers.