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Look at Fidelity Asset Manager 70% Fund (FASGX)

Fidelity Asset Manager 70% Fund ( FASGX ) seeks to maximize total return over the long term by allocating assets among stocks, bonds, short-term instruments and other investments. The management allocates FASGX's assets among domestic and foreign stocks, bonds, and short-term and money market investments. FASGX's investments will normally fluctuate around a neutral mix of 70% stocks, 25% bonds, and 5% short-term/money market. FASGX allocations are regularly reviewed and changes are made gradually to favor investments that it believes will provide the most favorable outlook for achieving its objective.

This Allocation Balanced product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 4% and 5 year 9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FASGX's performance, as of the last filing, when compared to funds in its category was in the top 37% over the past 1 year, and in the top 21% over the past 3 years and in the top 23% over the past 5 years.

The Fidelity Asset Manager 70% fund, as of the last filing, allocates their fund in nine major groups; Large Growth, Intermediate Bond, Large Value, Foreign Stock, High Yield Bond, Emerging Market, Small Value, Foreign Bond and Precious Metal. Further, as of the last filing, Fidelity Invst Grade Bond, Fidelity Int Equity Central F and Fidelity Info Tech Central were the top holdings for FASGX.

This Zacks Rank #2 (Buy) was incepted in December 1991 and is managed by Fidelity . FASGX carries an expense ratio of 0.71% and requires a minimal initial investment of $2,500.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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