On Oct. 29, 2021, Fidelity Four-in-One Index will change its name to Fidelity Multi-Asset Index and transition to a new allocation scheme; its pillar ratings remain the same, but its Analyst Rating changes to Gold from Silver in light of its transformation. We've long admired the fund's low costs, stable asset mix, and broad diversification but didn't find it quite worthy of our top rating. While it held crucial core assets for a one-fund portfolio--the full U.S. stock universe split between two funds, non-U.S. developed-markets large-cap equities, and a standard set of investment-grade U.S. bonds--that was all it had. Many peers had expanded to emerging-markets stocks, lower-quality bonds, and so on.
Fidelity® Four-in-One Index FFNOX
NAV / 1-Day Return
63.32
/
0.03
%
Total Assets
8.4 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.
0.120%
Expense Ratio
0.120%
Fee Level
Low
Longest Manager Tenure
12.77
years
Category
Allocation--70% to 85% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
High / ModerateStatus
Open
TTM Yield
1.41%
Turnover
16%
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 FFNOX 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 FFNOX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FFNOX 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 FFNOX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A few small but crucial tweaks earn a Morningstar Analyst Rating of Gold.
