Investment objective & strategy
As of April 24, 2025 · prospectusObjective. Fidelity Multi-Asset Index Fund seeks high total return.
Strategy. Investing in a combination of Fidelity stock and bond index funds (underlying Fidelity funds) using an asset allocation strategy designed for investors seeking a broadly diversified, index-based investment. Allocating assets among underlying Fidelity index funds according to an asset allocation of approximately: Fidelity 500 Index Fund 41% Fidelity International Index Fund 24% Fidelity Extended Market Index Fund 10% Fidelity Emerging Markets Index Fund 10% Fidelity U.S. Bond Index Fund 7% Fidelity Long-Term Treasury Bond Index Fund 5% Fidelity International Bond Index Fund 3% Investing in a combination of Fidelity stock and bond index funds (underlying Fidelity funds) using an asset allocation strategy designed for investors seeking a broadly diversified, index-based investment. Allocating assets among underlying Fidelity index funds according to an asset allocation of approximately: Fidelity 500 Index Fund 41% Fidelity International Index Fund 24% Fidelity Extended Market Index Fund 10% Fidelity Emerging Markets Index Fund 10% Fidelity U.S. Bond Index Fund 7% Fidelity Long-Term Treasury Bond Index Fund 5% Fidelity International Bond Index Fund 3%
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FMR-500 INDX | FXAIX | $4.05B | 39.99% |
| Fidelity International Index Fund | FSPSX | $2.50B | 24.66% |
| FIDELITY EMRG MKT | FPADX | $1.05B | 10.36% |
| FIDELITY EXTENDED MARKET INDEX FUND | — | $1.00B | 9.90% |
| FIDELITY US BOND INDEX FUNDFIDELITY ADV | FXNAX | $707.44M | 6.98% |
| Fidelity Long-Term Treasury Bond Index Fund | — | $516.88M | 5.10% |
| FIDELITY INTERNATIONAL BOND INDEX FUND | — | $301.82M | 2.98% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| VOYA TARGET RETIREMENT 2035 FUND · IRSNX, VTRHX, VTRGX, VRRJX | 40% | 0.25% |
| VOYA TARGET RETIREMENT 2040 FUND · IRSOX, VTRJX, VTRKX, VRRKX | 40% | 0.25% |
| VOYA TARGET RETIREMENT 2045 FUND · IRSPX, VTRMX, VTRNX, VRRLX | 40% | 0.25% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of April 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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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