M&A - Fidelity Greenwood Street Trust

Form Type: 497K

Filing Date: 2025-05-22

Corporate Action: Merger

Type: New

Accession Number: 000189839125000155

Filing Summary: The document is a summary prospectus for the Fidelity® SAI Merger Arbitrage Fund, aimed at certain clients of the Adviser or its affiliates and not available to the general public. The fund's objective is capital appreciation, utilizing a merger arbitrage strategy that targets equity securities and related instruments of companies involved in merger transactions. It outlines the fund's fee structure, including annual operating expenses and management fees, as well as the risks associated with its investment strategies, including those pertaining to mergers, short sales, leverage, and the use of derivatives. The intended audience for the fund includes institutional clients, and there is a detailed explanation of the potential risks and returns on investment in merger arbitrage strategies. It indicates that the fund is open for investment transactions based on its net asset value, details tax implications for distributions, and notes investment adviser and portfolio manager information.