Fidelity Asset Manager 20%
FASIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Dec 14, 1995
- CIK
- 0000354046
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Asset Manager 20% (FASIX) is a mutual fund managed by Fidelity Investments that seeks a high level of current income, with capital appreciation as a secondary objective, by allocating assets among stocks, bonds, short-term instruments, and other investments according to a neutral mix of approximately 20% equities, 50% bonds, and 30% short-term or money market instruments. The fund invests primarily through specialized Fidelity central funds, providing diversified exposure across U.S. equities with equal-weighting to developed international and emerging markets, investment-grade bonds, long-term U.S. Treasuries, Treasury Inflation-Protected Securities (TIPS), credit-sensitive bonds, and cash equivalents; it maintains flexibility for moderate tactical asset allocation shifts around target mixes, including extended asset classes, to respond to market conditions. Core holdings as of recent reports include significant allocations to Fidelity Cash Central Fund (approximately 15%) and Fidelity Low Duration Bond ETF (around 5%), with a focus on conservative allocation strategies targeting retail and institutional investors seeking income-oriented, lower-volatility portfolios. Fidelity Investments, the fund's sponsor and manager, founded in 1946 and headquartered at 82 Devonshire Street in Boston, Massachusetts, operates globally with subsidiaries including Fidelity Management & Research (U.K.) Limited and Fidelity Management & Research (Hong Kong) Limited, providing asset management services across equity, fixed-income, and high-income segments to clients worldwide. The fund, part of Fidelity's Asset Manager series (which includes seven target allocation funds differentiated by equity exposure levels), was incepted in October 1992 under Fidelity Charles Street Trust, with net assets exceeding $5.3 billion, an expense ratio of 0.49%, and a turnover rate of 28%. In the last 1-2 years, the fund has adjusted its portfolio amid global economic expansion and moderating inflation, maintaining an underweight in investment-grade bonds below target levels while holding modest positions in long-term U.S. Treasuries for interest-rate sensitivity and volatility buffering, alongside TIPS for inflation protection and credit-sensitive bonds for yield enhancement; cash allocation stood at about 26% as of mid-2024, below its 30% composite target, to balance yield with defensive positioning during market uncertainty. Portfolio managers continued emphasizing U.S. equity overweighting with broad international diversification, contributing to relative performance against its composite index in Q2 2024 through favorable U.S. positioning. No major mergers, acquisitions, funding rounds, or structural reorganizations specific to FASIX were reported in 2024 or 2025, aligning with Fidelity's broader focus on operational enhancements in wealth management M&A activity during Q1 2025.