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FASIX Fidelity Asset Manager® 20%

  • Fund
  • FASIX
  • Price as of: Jul 15, 2019
  • $13.43 + $0.01 + 0.08%
  • Category
  • Diversified Portfolio

FASIX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $5.04 B
  • Holdings in Top 10 19.5%

52 WEEK LOW AND HIGH

$13.43
$12.66
$13.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--15% to 30% Equity

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.81%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity Asset Manager® 20% Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 01, 1992
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Geoffrey D. Stein

Fund Description

The Fidelity Asset Manager 20% Fund (FASIX) is a target-risk, conservative-allocation fund that seeks to grow an investor’s capital over time with a low level of risk. The fund owns a variety of asset classes, including stocks, bonds and cash. The fund has a neutral allocation of 20% stocks, 50% bonds and 30% money-market instruments/cash. The fund owns both domestic and foreign stocks and bonds directly and does not use a fund of funds approach.

Given its low costs and broad holdings, FASIX makes an ideal core position for conservative investors. The fund is internally managed by Fidelity.

FASIX - Performance

Return Ranking - Trailing

Period FASIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -52.8% 20.9% 83.64%
1 Yr 0.1% -62.9% 11.7% 22.86%
3 Yr 0.7%* -27.1% 13.5% 62.30%
5 Yr -0.3%* -24.9% 7.6% 40.65%
10 Yr 1.9%* -15.3% 9.0% 82.13%

* Annualized


Return Ranking - Calendar

Period FASIX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.5% -34.6% 1.6% 9.79%
2017 3.2% -12.4% 33.2% 83.37%
2016 2.4% -65.8% 23.3% 63.11%
2015 -4.1% -64.9% 4.8% 22.11%
2014 -0.6% -29.5% 68.3% 57.54%

Total Return Ranking - Trailing

Period FASIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -52.8% 20.9% 84.08%
1 Yr 3.2% -60.7% 12.4% 23.05%
3 Yr 3.6%* -22.5% 14.3% 60.89%
5 Yr 2.7%* -22.2% 47.3% 52.70%
10 Yr 4.9%* -12.5% 13.1% 75.06%

* Annualized


Total Return Ranking - Calendar

Period FASIX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -32.7% 1.6% 3.12%
2017 7.0% -8.4% 33.2% 76.20%
2016 4.7% -65.2% 23.3% 65.81%
2015 -2.7% -62.9% 9.2% 50.06%
2014 4.2% -28.5% 76.9% 49.02%

NAV & Total Return History

FASIX - Holdings

Concentration Analysis

FASIX Category Low Category High FASIX % Rank
Net Assets 5.04 B 608 K 147 B 13.51%
Number of Holdings 2565 2 13352 2.35%
Net Assets in Top 10 968 M -120 M 26.4 B 27.27%
Weighting of Top 10 19.49% 5.6% 3196.0% 83.32%

Top 10 Holdings

  1. United States Treasury Notes 1.75% 5.28%

  2. iShares Core MSCI Emerging Markets ETF 3.16%

  3. United States Treasury Notes 1.88% 2.33%

  4. iShares 20+ Year Treasury Bond ETF 1.78%

  5. United States Treasury Bonds 3% 1.47%

  6. iShares MSCI Japan ETF 1.24%

  7. Fannie Mae 4% 30 Year 1.16%

  8. Fannie Mae 3% 30 Year 1.08%

  9. United States Treasury Notes 2.62% 1.02%

  10. Ginnie Mae 3.5% 30 Year 0.96%


Asset Allocation

Weighting Return Low Return High FASIX % Rank
Bonds
48.89% -47.15% 261.66% 31.64%
Cash
28.77% -283.85% 353.31% 5.07%
Stocks
21.38% -37.73% 135.47% 88.40%
Other
0.83% -253.31% 53.08% 24.67%
Convertible Bonds
0.09% 0.00% 26.92% 68.42%
Preferred Stocks
0.03% 0.00% 65.70% 59.04%

Stock Sector Breakdown

Weighting Return Low Return High FASIX % Rank
Technology
4.66% -3.22% 31.95% 76.34%
Financial Services
3.64% -0.38% 47.66% 82.32%
Consumer Cyclical
2.43% -10.37% 42.25% 80.85%
Healthcare
2.30% -1.99% 45.45% 84.73%
Industrials
2.03% -0.28% 27.17% 86.77%
Consumer Defense
1.69% -4.62% 18.58% 77.74%
Real Estate
1.23% -3.85% 76.20% 67.24%
Energy
1.16% -2.23% 34.31% 86.83%
Basic Materials
0.95% -1.52% 22.33% 77.48%
Utilities
0.64% -0.60% 23.50% 78.82%
Communication Services
0.63% -0.92% 7.14% 83.02%

Stock Geographic Breakdown

Weighting Return Low Return High FASIX % Rank
US
11.97% -39.12% 134.61% 89.41%
Non US
9.41% -85.22% 74.42% 55.29%

Bond Sector Breakdown

Weighting Return Low Return High FASIX % Rank
Cash & Equivalents
28.78% -277.47% 353.31% 5.64%
Government
20.07% -57.27% 316.66% 20.48%
Corporate
18.14% 0.00% 86.09% 37.54%
Securitized
10.50% 0.00% 43.20% 40.33%
Municipal
0.31% 0.00% 99.76% 21.43%
Derivative
-0.01% -234.33% 27.17% 79.39%

Bond Geographic Breakdown

Weighting Return Low Return High FASIX % Rank
US
44.08% -47.15% 201.54% 27.08%
Non US
4.81% -71.37% 144.19% 41.53%

FASIX - Expenses

Operational Fees

FASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 11.64% 79.01%
Management Fee 0.41% 0.00% 2.50% 51.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

FASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 6067.00% 35.13%

FASIX - Distributions

Dividend Yield Analysis

FASIX Category Low Category High FASIX % Rank
Dividend Yield 0.01% 0.00% 0.57% 43.18%

Dividend Distribution Analysis

FASIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FASIX Category Low Category High FASIX % Rank
Net Income Ratio 1.81% -4.09% 6.99% 42.42%

Capital Gain Distribution Analysis

FASIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

FASIX - Managers

Geoffrey D. Stein

Manager

Start Date

Tenure

Tenure Rank

Jun 12, 2009

10.05

10.1%

Geoffrey D. Stein assumes his current position in April 2009. Previously, he worked as a portfolio manager and director of portfolio management from 1998 to 2007, focusing on Fidelity Portfolio Advisory Service®, and as an investment consultant for Fidelity Investments Institutional Services Company, Inc. (FIIS) and Fidelity Management & Research Company (FMRCo) from 1994 to 1998.


Avishek Hazrachoudhury

Manager

Start Date

Tenure

Tenure Rank

Apr 28, 2018

1.17

1.2%

Since joining Fidelity Investments in 2013, Mr. Hazrachoudhury has worked as a quantitative analyst and portfolio manager.


Tenure Analysis

Category Low

0.25

Category High

31.98

Category Average

8.31

Category Mode

2.33