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Overview of Fidelity Asset Manager 40% Fund (FFANX)

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Fidelity Asset Manager 40% ( FFANX ) a Zacks Ranked #2 (Buy) was incepted in October 2007. FFANX seeks current income and total return. FFANX invests mainly in stocks, bonds and short-term or money market derivatives. FFANX is expected to maintain a portfolio by investing 40%, 45% and 15% of its assets in stocks, bonds and short-term and money market instruments, respectively. FFANX may vary its allocation across the three asset classes by investing between 20% and 60% in stocks, 30% to 60% in bonds and 0-50% in short-term and money market instruments. FFANX invests in securities throughout the globe.

This Allocation Balanced fund, as of the last filing, allocates their fund in five major groups; Intermediate Bond, Large Value, Large Growth, Foreign Stock and High Yield Bond.

Fidelity Asset Manager 40%, managed by Fidelity , carries an expense ratio of 0.54. Moreover, FFANX requires a minimal initial investment of $2,500.

FFANX has a history of positive total returns for over 5 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 5.81% and 5 year 7.10%. To see how this fund performed compared in its category, please click here .

FFANX's performance, as of the last filing, when compared to funds in its category was in the top 19% in 1 year, top 37% over the past 3 years, and in the 35% over the past 5 years.

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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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