Fidelity Multi-Asset Income Fund (FMSDX)

Fund Assets	3.76B
Expense Ratio	0.828%
Min. Investment	$0.00
Turnover	225.00%
Dividend (ttm)	0.66
Dividend Yield	3.95%
Dividend Growth	11.62%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	17.04
YTD Return	13.52%
1-Year Return	12.60%
5-Year Return	41.54%
52-Week Low	15.13
52-Week High	17.23
Beta (5Y)	0.54
Holdings	233
Inception Date	Sep 9, 2015

About FMSDX

Fidelity Multi-Asset Income Fund is a mutual fund designed to pursue a combination of income generation and capital appreciation. The fund employs a flexible, tactical approach, allocating assets across a broad spectrum of income-producing securities including investment-grade and high-yield bonds, dividend-paying equities, preferred stocks, floating rate instruments, and convertible securities. Unconstrained by fixed allocation targets or benchmark weights, the fund dynamically adjusts its portfolio mix in response to evolving market conditions to capture attractive yield opportunities while managing risks associated with interest rates, equities, and credit markets. This strategy brings together specialists from across Fidelity’s income investing teams to construct a diversified portfolio that balances income potential with capital preservation. The fund is classified within the moderately conservative allocation category and targets investors seeking regular income streams, with distributions paid monthly. By leveraging its broad and adaptive mandate, Fidelity Multi-Asset Income Fund plays a significant role for those aiming to achieve consistent income with some appreciation potential across changing market environments.

• Fund Family: Fidelity
• Category: Allocation--30% to 50% Equity
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: FMSDX
• Share Class: Fidelity Multi-asset Income Fund
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

FMSDX had a total return of 12.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.85%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FIWBX	Class Z	0.76%
FAYZX	Class I	0.86%
FAZYX	Class M	1.10%
FWATX	Class A	1.11%

Top 10 Holdings

46.53% of assets

Name	Symbol	Weight
United States Treasury Notes 0.04375%	T.4.375 05.15.36	9.84%
United States Treasury Notes 0.04125%	T.4.125 02.15.36	5.82%
International Seaways, Inc.	INSW	4.51%
United States Treasury Bonds 0.04625%	T.4.625 05.15.54	4.44%
United States Treasury Bonds 0.04625%	T.4.625 02.15.55	4.44%
United States Treasury Bonds 0.05%	T.5 05.15.56	4.44%
Strategy Inc 10% PRF PERPETUAL USD 100 - Ser A	MSTR.10 PERP	4.03%
DHT Holdings, Inc.	DHT	3.62%
Frontline plc	FRO	2.72%
Almonty Industries Inc.	ALM	2.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.10465	Oct 1, 2026
Aug 31, 2026	$0.08511	Sep 1, 2026
Jul 31, 2026	$0.03168	Aug 3, 2026
Jun 30, 2026	$0.07208	Jul 1, 2026
May 31, 2026	$0.0519	Jun 1, 2026
Apr 30, 2026	$0.03439	May 1, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 14, 2026

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