Fidelity Asset Manager 85% Fund (FAMRX)

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Fidelity Asset Manager 85% Fund (FAMRX) is up 13.7% since the beginning of the year. FAMRX is currently trading at $34 per share. Investors who bought $1,000 worth of FAMRX shares 5 years ago would now be looking at an investment worth $1,586.

Fidelity Asset Manager 85% Fund (FAMRX) has returned 13.68% so far this year and 30.11% over the past 12 months.

Based on dividend-adjusted daily data since Sep 24, 1999, FAMRX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Feb 2000 with a return of +17.7%, while the worst month was Oct 2008 at -17.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FAMRX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -10.6%.

Fidelity Asset Manager 85% Fund has an annualized alpha of 2.88%, beta of 0.98, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since September 27, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.10%) than losses (57.52%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.88% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 0.98 and R2 of 0.90, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

FAMRX has an expense ratio of 0.70%, placing it in the medium range.

FAMRX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Asset Manager 85% Fund (FAMRX) and compare them to S&P 500 Index.

Fidelity Asset Manager 85% Fund provided a 4.89% dividend yield over the last twelve months, with an annual payout of $1.68 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Asset Manager 85% Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Asset Manager 85% Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Asset Manager 85% Fund was 58.65%, occurring on Oct 9, 2002. Recovery took 1152 trading sessions.

The current Fidelity Asset Manager 85% Fund drawdown is 0.41%.

The chart below shows the rolling one-month volatility.