Fidelity Advisor Asset Manager 70% Fund Class I
FAAIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Oct 1, 2008
- CIK
- 0000354046
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Asset Manager 70% Fund Class I (FAAIX) is an open-end mutual fund managed by Fidelity Investments that seeks to maximize total return over the long term by allocating assets among stocks, bonds, short-term instruments, and other investments. The fund targets a strategic asset mix with approximately 70% in equities—including U.S. and non-U.S. stocks across market capitalizations and styles—and 30% in fixed income, encompassing investment-grade bonds maturing in more than one year, high-yield debt securities, U.S. Treasury and agency securities, mortgage-backed securities, and short-term instruments; it primarily invests through underlying Fidelity funds such as Fidelity Enhanced Small Cap ETF, Fidelity Blue Chip Growth ETF, and Fidelity Cash Central Fund, with top holdings including Microsoft Corp., NVIDIA Corp., and Apple Inc. Geared toward institutional and high-net-worth investors seeking global moderately aggressive allocation exposure, the Class I shares feature a net expense ratio of 0.67%, no sales load, and a minimum initial investment of $0. Fidelity Investments, the fund's investment adviser and parent company founded in 1946 and headquartered in Boston, Massachusetts, provides a broad range of financial services including mutual funds, ETFs, brokerage, retirement plans, and wealth management across the United States and international markets. The FAAIX share class was launched on September 23, 2008, as part of the Fidelity Advisor series, with portfolio inception tied to the broader Fidelity Asset Manager 70% strategy dating to December 30, 1991; as of November 2025, net assets stand at approximately $73 million for the Class I share class within a total portfolio of over $7.7 billion. Portfolio managers include Avishek Hazrachoudhury (since April 28, 2018) and Katherine Shaw (since November 1, 2023), overseeing a turnover rate of 29% as of September 2025 and maintaining diversification across sectors like technology (prominent via NVIDIA and Microsoft weightings), U.S. stocks (42%), non-U.S. stocks (31%), U.S. bonds (23%), and cash/other (minimal exposure). Recent operational updates reflect Fidelity's ongoing enhancements to its Asset Manager series, including a contractual expense cap (with waivers expiring periodically) and sustained focus on multi-asset allocation amid market volatility, though no major acquisitions, partnerships, or structural reorganizations specific to FAAIX have been announced in the last 1-2 years. The fund operates within Fidelity's global platform, domiciled in the United States, with fiscal year-end in October.