Fidelity Advisor Asset Manager 70% Fund Class M
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- Fidelity Advisor Asset Manager 70% Fund Class M (FTASX) is an open-end mutual fund managed by Fidelity Investments that seeks to maximize total return over the long term by allocating assets among stocks, bonds, short-term instruments, and other investments while maintaining a neutral mix of approximately 70% in stocks, 25% in bonds, and 5% in short-term and money market instruments. The fund provides diversified exposure across U.S. and non-U.S. equities (including large-cap blend styles), high-quality bonds with moderate interest-rate sensitivity, cash equivalents, and other assets such as ETFs like Fidelity Enhanced Small Cap ETF and Fidelity Blue Chip Growth ETF; it targets retail and institutional investors in the moderately aggressive allocation category. Fidelity Investments, the fund's sponsor and manager, is headquartered in Boston, Massachusetts, with the FTASX share class launched on September 23, 2008. The fund operates primarily in the United States, with global portfolio diversification including significant allocations to non-U.S. stocks (around 28%) and bonds (around 2%), serving individual investors, financial advisors, and retirement plans through broker-dealers and platforms. Current portfolio managers include Avishek Hazrachoudhury (since April 2018) and Katherine Shaw (since November 2023), leveraging Fidelity's specialized asset-class teams for equity, fixed income, and short-duration investments. Recent developments include updates to the fund's management team with Katherine Shaw's appointment in November 2023, alongside ongoing portfolio oversight by Avishek Hazrachoudhury; the fund maintains its core asset allocation strategy without reported acquisitions, partnerships, or major strategic shifts in the last 1-2 years. Net assets for the broader Asset Manager 70% series stand at approximately $6.67 billion, reflecting stable operations amid Fidelity's multi-asset capabilities. The fund features a net expense ratio of 1.18% and a front-end load of 3.50%, with daily pricing available to U.S. investors.