Investment objective & strategy
As of Nov. 24, 2025 · prospectusObjective. Fidelity Asset Manager 85% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.
Strategy. Allocating the fund's assets between two main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), and the bond and short-term/money market class (fixed-income securities of all types and maturities, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities). Maintaining a neutral mix over time of 85% of assets in stocks and 15% of assets in bonds and short-term and money market instruments. Adjusting allocation between asset classes gradually within the following ranges: stock class (60%-100%) and bond and short-term/money market class (0%-40%). Investing in domestic and foreign issuers. Investing in Fidelity's Central funds (specialized investment vehicles … Allocating the fund's assets between two main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), and the bond and short-term/money market class (fixed-income securities of all types and maturities, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities). Maintaining a neutral mix over time of 85% of assets in stocks and 15% of assets in bonds and short-term and money market instruments. Adjusting allocation between asset classes gradually within the following ranges: stock class (60%-100%) and bond and short-term/money market class (0%-40%). Investing in domestic and foreign issuers. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines) and Fidelity's exchange-traded funds consistent with the asset classes discussed above.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity U.S. Equity Central Fund | — | $2.45B | 40.59% |
| Fidelity International Equity Central Fund | — | $1.37B | 22.75% |
| Fidelity Emerging Markets Equity Central Fund | — | $657.98M | 10.90% |
| Fidelity Investment Grade Bond Central Fund | — | $465.09M | 7.70% |
| Fidelity Enhanced Small Cap ETF | — | $211.41M | 3.50% |
| Fidelity Blue Chip Growth ETF | — | $181.52M | 3.01% |
| Fidelity Inflation-Protected Bond Index Central Fund | — | $116.09M | 1.92% |
| Fidelity Emerging Markets Debt Local Currency Central Fund | — | $88.75M | 1.47% |
| Fidelity Fundamental Small-Mid Cap ETF | — | $88.51M | 1.47% |
| Fidelity Enhanced Mid Cap ETF | — | $76.77M | 1.27% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Asset Manager 70% · FASGX, FAASX, FCASX, FTASX, FAAIX, FIQBX | 88% | 0.55% |
| VIP Asset Manager 70% Portfolio | 80% | 0.63% |
| Fidelity Asset Manager 60% · FSANX, FSAAX, FSCNX, FSATX, FSNIX, FIQAX | 78% | 0.55% |
Footnotes
- Expense ratio as of November 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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