Fidelity Advisor Asset Manager 85% Fund Class M is a mutual fund designed to maximize total return over the long term by strategically allocating its assets across multiple investment classes. The fund consistently maintains a neutral target allocation of 85% in stocks and 15% in bonds, short-term instruments, and money market holdings, providing a predominantly equity-oriented profile. As part of the aggressive allocation category, it seeks both capital appreciation and income by investing in both U.S. and international equities, complemented by fixed income and cash equivalents. This diversification aims to balance growth potential with a measure of risk mitigation. Managed by Fidelity, the fund plays a significant role in portfolios needing high equity exposure yet with some diversification through bonds and liquid investments, appealing to investors with a long-term growth horizon and a tolerance for equity market fluctuations.