Fidelity announced that Katherine (Katie) Shaw joined the management roster, replacing Geoff Stein on Fidelity Advisor Asset Manager series effective Nov. 1, 2023. Stein departed the series to focus on his role as CIO of Global Asset Allocation, which he started at the beginning of 2023. Shaw will be working closely with Avishek Hazrachoudhury, a manager on this strategy since 2018. Shaw joined Fidelity in 2007 and has held various roles in the consumer discretionary sector including a portfolio manager and a sector leader. This is a notable change, but the team continues to be well-staffed and appropriately supported by the firm’s resources. The changes to the management roster do not affect the fund’s Average People Pillar rating.
- NAV / 1-Day Return 12.12 / 0.00
- Total Assets 2.1 Bil
-
Adj. Expense Ratio
0.580%
- Expense Ratio 0.580%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Moderately Conservative Allocation
- Investment Style Large Growth
- Credit Quality / Interest Rate Sensitivity Medium / Moderate
- Status Open
- TTM Yield 2.40%
- Turnover 21%
Morningstar’s Analysis FFNIX
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Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 1242
- Bond Holdings 6489
- Other Holdings 130
- % Assets in Top 10 Holdings 13.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Fidelity® Cash Central Fund
4.22
88,603,284
Cash and Equivalents
Fidelity Revere Str Tr
2.65
55,491,047
Cash and Equivalents
United States Treasury Notes 1.25%
2.14
44,785,640
Government
United States Treasury Notes 4.125%
1.69
35,352,081
Government
United States Treasury Notes 4%
1.51
31,757,678
Government
iShares MSCI USA Min Vol Factor ETF
1.30
27,308,757
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