In plain terms — Fidelity Solana Fund
Shares currently cost about 41.0% more than the value of the assets behind them (a premium).
It pays regular distributions worth about 2.0% a year of the share price (2.9% of the assets). That is a payout rate, not a return: part of it may be capital being handed back, and a one-off special payment in the last year is excluded from the regular rate.
Because the shares trade above the value of their assets, each dollar of reinvested distributions buys about $0.71 of assets — a ReinvestCapture™ rate of 1.5%, less than the payout rate itself. That is buying power, not a return.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | — | — | — | 0 |
| 6 months | — | — | — | 0 |
| 1 year | — | — | — | 0 |
| 3 years | — | — | — | — |
| 5 years | — | — | — | — |
Current contemporaneous premium/discount — (close Oct 14, 2026 vs NAV Jun 30, 2026). 1-year range — to —. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | +0.08% | +35.24% | -15.83% | — | — | — |
| Market price total return | +1.11% | +36.63% | -13.20% | — | — | — |
| NAV return | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
FSOL is passively managed to track the price performance of Solana (SOL), as measured by the Fidelity Solana Reference Rate, adjusted for expenses and staking rewards. The Trust holds SOL and stakes it via institutional custodians to earn staking rewards, with these rewards expected to allow the Trust to outperform the reference rate before expenses. The reference rate uses SOL price feeds and volume-weighted median pricing, updating every 15 seconds. Investors have exposure to SOL without direct digital asset handling. SOL is the asset powering the decentralized Solana blockchain, used for transactions and smart contracts. The Solana network is often praised for its speed and low costs, some question the reliability as the platform has a history of outages and is too centralized. The Trust may stake up to 100% of SOL holdings, but staking is not guaranteed, staking rewards are shared among the fund sponsor and service providers.
CEF Explorer research page for Fidelity Solana Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.