Fidelity Asset Manager 85% Fund
FAMRX
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02109 Boston MA United States of America 53226
- IPO Date
- Sep 24, 1999
- CIK
- 0000354046
- Website
- fmi.com
- Similar Companies
- Business
- Fidelity Asset Manager 85% Fund (FAMRX) seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments, maintaining a neutral mix over time of approximately 85% in equities and 15% in fixed income and cash equivalents. The fund invests in a diversified portfolio that includes U.S. and non-U.S. stocks across market capitalizations, with exposure to Fidelity proprietary ETFs such as Fidelity Enhanced Small Cap ETF, Fidelity Blue Chip Growth ETF, and Fidelity Enhanced Mid Cap ETF; U.S. and international bonds encompassing investment-grade securities, high-yield debt, Treasury Inflation-Protected Securities (TIPS), bank loans, emerging market debt, and long-term U.S. Treasuries; short-term instruments and money market funds like Fidelity Cash Central Fund; and tactical allocations to commodities, real estate investment trusts (REITs), and other alternative assets. It emphasizes domestic equities with an overweight position relative to benchmarks, supplemented by equal-weighted exposure to developed international and emerging markets equities, primarily through specialized Fidelity central funds for security selection. Launched in 1999 and managed by Fidelity Investments, headquartered in Boston, Massachusetts, the fund operates globally with primary focus on U.S. markets while providing exposure to international equities (approximately 36% non-U.S. stocks) and bonds across developed and emerging regions. Current portfolio managers include Avishek Hazrachoudhury, who joined in 2018, and Katherine Shaw, added in November 2023. Assets under management stand at approximately $5.52 billion, with a net expense ratio of 0.65% and no sales loads. In recent developments, the fund maintained its strategic overweight in U.S. equities during the second quarter of 2024, underweighting international developed markets while holding modest positions in commodities, REITs, and credit-sensitive bonds amid expectations of corporate earnings rebound and stable profit margins; it continued light exposure to investment-grade bonds in favor of higher-yielding alternatives like TIPS and high-yield debt. The addition of co-manager Katherine Shaw in late 2023 marked a key management enhancement to the team's expertise. As of mid-2025, top holdings feature prominent technology names such as NVIDIA Corp. and Microsoft Corp., alongside Fidelity ETFs, reflecting ongoing emphasis on growth-oriented U.S. large-cap stocks that contributed to performance despite selective detractors in tech security selection.