Fidelity Asset Manager 50%
FASMX
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 28, 1988
- CIK
- 0000354046
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Asset Manager 50% (FASMX) is a diversified mutual fund that seeks high total return with reduced risk over the long term by allocating assets among stocks, bonds, and short-term instruments. The fund maintains a neutral mix of approximately 50% equities, including domestic and foreign stocks and funds that invest in such securities; 40% bonds, encompassing fixed-income securities maturing in more than one year such as investment-grade, high-yield, and emerging market debt, along with related funds; and 10% short-term/money market instruments, consisting of fixed-income securities maturing in one year or less and money market funds. It invests primarily through underlying Fidelity central funds managed by specialized teams focused on security selection, with portfolio managers employing moderate tactical asset allocation shifts around target mixes, including extended asset classes like commodities or real estate, to respond to market conditions while adhering to disciplined risk management. Fidelity Asset Manager 50% operates globally, with equity exposure spanning U.S., developed international, and emerging markets; fixed-income investments across U.S. Treasuries, corporate bonds, mortgage-backed securities, and sovereign debt from various regions; and short-term holdings in cash equivalents and money market instruments. The fund targets moderate-risk investors seeking balanced growth and income, including individuals, retirement plans, and institutional clients, with assets under management of approximately $9.45 billion as of mid-2025. Launched on December 28, 1988, the fund is managed by Fidelity Investments, a privately held financial services firm founded in 1946 and headquartered in Boston, Massachusetts. Fidelity Investments, one of the world's largest asset managers with over $9.9 trillion in customer assets, oversees the fund as part of its Asset Manager series of target allocation strategies. In recent developments, Katherine Shaw joined as co-portfolio manager in 2023, replacing Geoffrey Stein who shifted to CIO of Global Asset Allocation; she collaborates with Avishek Hazrachoudhury, on the team since 2018. The fund delivered strong dividend growth of 81.36% trailing twelve months as of mid-2025, reflecting robust income generation amid favorable risk asset performance outside U.S. equities in early 2025. No major acquisitions, funding rounds, or strategic alliances specific to the fund were reported in 2024-2025, though Fidelity Investments continued broader expansions in wealth management services and M&A support for clients.