Fidelity Advisor Asset Manager 40% Fund Class I (FFNIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Fidelity Advisor Asset Manager 40% Fund Class I (FFNIX) has returned -1.56% so far this year and 10.91% over the past 12 months. Over the last ten years, FFNIX has returned 6.09% 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, FFNIX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, your investment would double in approximately 13.2 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, FFNIX 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 -4.8%.

Fidelity Advisor Asset Manager 40% Fund Class I has an annualized alpha of 1.62%, 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 51.91% of S&P 500 Index downside but only 46.82% 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.

FFNIX has an expense ratio of 0.57%, placing it in the medium range.

FFNIX ranks 76 for risk / return — better than 76% 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 Advisor Asset Manager 40% Fund Class I (FFNIX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Advisor Asset Manager 40% Fund Class I provided a 3.98% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.

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

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

The chart below shows the rolling one-month volatility.