A solid cast of underlying bond funds continue to support a Morningstar Analyst Rating of Bronze for the cheapest share classes of Fidelity Asset Manager 20%, 30%, 40%, and 50% while the more expensive share classes earn Neutral ratings. The remaining three funds in the series, retain a Neutral rating across all share classes, given their higher allocations in a U.S. equity sleeve that does not stand out
Fidelity Asset Manager® 20% FASIX
NAV / 1-Day Return
14.43
/
0.21
%
Total Assets
6.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.510%
Expense Ratio
0.510%
Fee Level
Low
Longest Manager Tenure
11.72
years
Category
Allocation--15% to 30% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / LimitedStatus
Open
TTM Yield
1.31%
Turnover
25%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FASIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FASIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FASIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FASIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Steady improvements on the margin.
