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.
Fidelity® Four-in-One Index FFNOX
NAV / 1-Day Return
47.96
/
0.65
%
Total Assets
6.3 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.
0.110%
Expense Ratio
0.110%
Fee Level
Low
Longest Manager Tenure
11.48
years
Category
—
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
High / ModerateStatus
Open
TTM Yield
2.30%
Turnover
11%
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 pillar’s 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.
Price Pillar
The Price Pillar compares FFNOX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
Performance Pillar
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.
Low costs and broad diversification make this an appealing holding.
