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Fidelity Asset Manager® 40% FFANX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
13.85  /  0.14 %
Total Assets
2.4 Bil
Adj. Expense Ratio
0.530%
Expense Ratio
0.530%
Fee Level
Below Average
Longest Manager Tenure
12.01 years
Category
Allocation--30% to 50% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
1.24%
Turnover
24%

USD | NAV as of Jun 15, 2021 | 1-Day Return as of Jun 15, 2021, 9:31 PM GMT+00:00

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Morningstar’s Analysis

Will FFANX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFANX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the FFANX 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

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The Parent Pillar is our rating of FFANX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Steady improvements on the margin.

Senior Analyst

Summary

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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

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