Fidelity Four-In-One Index boasts a great deal of fundamental merits, including very low fees and broad diversification. But our modest opinion of the team running most of the underlying holdings and the fact that investors can now replicate this portfolio at an even lower cost merit a downgrade of the fund's Morningstar Analyst Rating to Silver.
Will FFNOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
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.
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.
The Parent Pillar is our rating of FFNOX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares FFNOX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether FFNOX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.