Fidelity Asset Manager 40%
FFANX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 11, 2007
- CIK
- 0000354046
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Asset Manager 40% (FFANX) is a diversified mutual fund managed by Fidelity Investments that allocates assets across equities, fixed income securities, and short-term/money market instruments to pursue high total return through a combination of current income and capital appreciation, with a neutral strategic equity allocation targeting approximately 40%. The fund invests in a broad range of equity securities including domestic and international stocks across varying styles and market capitalizations; fixed-income securities maturing in more than one year such as investment-grade bonds, high-yield debt, and junk bonds; short-term fixed-income securities maturing in one year or less; and underlying Fidelity funds that provide exposure to these asset classes, including U.S. bonds (approximately 41.51%), U.S. stocks (27.86%), non-U.S. stocks (19.40%), cash (6.75%), and non-U.S. bonds (3.57%). It operates primarily in the United States with global exposure through its holdings and targets retail and institutional investors seeking moderate risk asset allocation strategies. Launched in October 2007 and headquartered in Boston, Massachusetts as part of Fidelity Investments' suite of seven Asset Manager funds—which range from 20% to 85% equity exposure—the fund maintains flexibility to adjust allocations while staying aligned with its risk objective. Fidelity Asset Manager 40% leverages asset-class specialists across the Fidelity organization for security selection and research, with current portfolio managers including Avishek Hazrachoudhury (since April 2018) and Katherine Shaw (since November 2023). The fund's net expense ratio stands at 0.51%, with total net assets of approximately $2.41 billion. Recent developments include the appointment of Katherine Shaw as co-portfolio manager in November 2023, enhancing the management team's expertise in fixed income and multi-asset strategies. As of late 2025, the fund continues to emphasize diversified holdings such as Fidelity Cash Central Fund, NVIDIA Corp., Fidelity Enhanced Small Cap ETF, Microsoft Corp., and Fidelity Blue Chip Growth ETF, reflecting ongoing tactical adjustments amid market volatility. No major acquisitions, funding rounds, or structural reorganizations have been reported in the last 1-2 years, maintaining its focus on consistent asset allocation.