Fidelity Advisor Asset Manager 70% Fund Class C
FCASX
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
FRC
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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 C (FCASX) is a mutual fund offered by Fidelity Investments that seeks high total return through a combination of current income and capital appreciation by investing approximately 70% of its assets in fixed-income securities and the remainder in equities. The fund provides diversified exposure to bonds including U.S. government, corporate, mortgage-backed, and high-yield securities; asset-backed securities; and domestic and foreign stocks across various market capitalizations, with allocations managed dynamically based on market conditions. It serves retail and institutional investors seeking balanced risk-adjusted returns in the asset allocation and multi-asset segment. Fidelity Investments, the fund's sponsor and manager, founded in 1946 and headquartered in Boston, Massachusetts, operates globally with principal activities in the United States, Europe, and Asia through subsidiaries like Fidelity International. The fund's core services encompass professional portfolio management by Fidelity's fixed income and equity teams, daily liquidity, and share classes tailored for different investor needs, including Class C shares with a contingent deferred sales charge. It targets moderate-risk investors through financial advisors and retirement plans, with no-load alternatives available in other classes. Recent developments include Fidelity's ongoing enhancements to its asset manager series, such as the 2023 integration of environmental, social, and governance (ESG) screening options across select funds and the launch of target-date strategies incorporating AI-driven allocation models; a strategic partnership with BlackRock in 2024 to expand fixed-income ETF offerings that complement the fund's bond sleeve; and a 2025 reorganization of Advisor funds to streamline expense ratios amid competitive pressures. No major name changes or divestitures affect FCASX specifically, though Fidelity announced a $4.5 billion acquisition of a robo-advisory platform in late 2024 to bolster digital asset allocation tools. These changes reflect Fidelity's shift toward hybrid active-passive strategies and expanded retirement market penetration.