Fidelity Advisor Asset Manager 85% Fund Class A

Frequently Asked Questions About FEYAX

What does FEYAX invest in?

The investment seeks to maximize total return over the long term. The fund allocates its 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). It maintains a neutral mix over time of 85% of assets in stocks and 15% of assets in bonds and short-term and money market instruments.

What is the expense ratio of FEYAX?

Fidelity Advisor Asset Manager 85% Fund Class A (FEYAX) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FEYAX?

Fidelity Advisor Asset Manager 85% Fund Class A (FEYAX) manages $7.05B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FEYAX actively managed or an index fund?

FEYAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FEYAX launched?

Fidelity Advisor Asset Manager 85% Fund Class A (FEYAX) launched in September 2005 and is managed by Fidelity.

How has FEYAX performed?

FEYAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.