Fidelity Asset Manager 40% Fund (FFANX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Asset Manager 40% Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Asset Manager 40% Fund (FFANX) has returned -1.56% so far this year and 10.96% over the past 12 months. Over the last ten years, FFANX has returned 6.13% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 11, 2007, FFANX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, your investment would double in approximately 12.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2009 with a return of +6.5%, while the worst month was Oct 2008 at -10.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FFANX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +4.3%, while the worst single day was Mar 16, 2020 at -4.7%.

Fidelity Asset Manager 40% Fund has an annualized alpha of 1.64%, beta of 0.39, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since October 12, 2007.

• This fund participated in 51.90% of S&P 500 Index downside but only 46.93% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.39 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FFANX has an expense ratio of 0.52%, placing it in the medium range.

FFANX ranks 77 for risk / return — better than 77% 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 40% Fund (FFANX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Asset Manager 40% Fund provided a 4.03% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Asset Manager 40% 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 40% 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 40% Fund was 31.69%, occurring on Mar 9, 2009. Recovery took 387 trading sessions.

The current Fidelity Asset Manager 40% Fund drawdown is 5.20%.

The chart below shows the rolling one-month volatility.