About FIKVX
Fidelity Advisor Asset Manager 20% Fund Class Z is a multi-asset mutual fund designed to pursue a high level of current income with capital preservation as a priority. It allocates across equities, fixed income, and short‑term instruments, with a neutral mix centered around approximately 20% stocks, 50% bonds, and 30% cash and money market exposure, aligning it with the conservative allocation category. The strategy is actively managed and implemented as a fund‑of‑funds, drawing on Fidelity’s underlying vehicles spanning U.S. and international markets and across duration tiers within fixed income. The fund’s positioning targets lower volatility than equity‑heavier peers, reflected in characteristics such as a multi‑manager approach, broad diversification across thousands of holdings, and a below‑average beta profile over five years. Class Z emphasizes cost efficiency within the series, featuring a prospectus net expense ratio of 0.46% as of late 2024. Overall, Fidelity Advisor Asset Manager 20% Fund Class Z serves as a conservative core allocation option for investors seeking systematic income generation and diversified, tactically managed exposure across major asset classes.
Fund Family Fidelity
Category Mix Tgt Alloc Con
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FIKVX
Share Class Class Z
Index Bloomberg U.S. Aggregate Bond TR
FIKVX had a total return of 8.09% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.63%.
