Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Fidelity® Multi-Manager 2050 Fund Class L (FMJLX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target-date 2050
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks high total return until its target retirement date; thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation. The fund invests in a combination of underlying domestic equity, international equity, bond and short-term affiliated funds (i.e., Strategic Advisers and Fidelity Funds) and non-affiliated funds that participate in Fidelity's FundsNetwork «.


1 month+0.88% 3 years+6.05%
3 months+6.15% 5 years--
1 year+17.25% Since inception+6.49%
Data through --

Peer Comparisonvs. Target-date 2050

Performance 5-yr return--+9.34%
Expense ratio1.11%0.91%
Risk 5 year sharpe ratio--0.88
Net assets$1.7M$880.1M
Average market cap$34.5B$34.1B
Average P/E18.019.3
Portfolio turnover31%31%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 4 Years
Minimal initial investment$0.00
Minimum IRA investment--


U.S. stock57.51%
International stock30.68%
Fixed income4.69%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
FMBKX Strategic Advisers┬« International Multi-Manager Fund Class F21.08%
FHJSX Strategic Advisers┬« Core Multi-Manager Fund Class F18.62%
FGWBX Strategic Advisers┬« Value Multi-Manager Fund Class F18.58%
FFSPX Strategic Advisers┬« Growth Multi-Manager Fund Class F15.52%
FSWPX Strategic Advisers┬« Emerging Markets Fund of Funds Class F10.12%
FARMX Strategic Advisers┬« Small-Mid Cap Multi-Manager Fund Class F9.22%
FLTSX Strategic Advisers┬« Income Opportunities Fund of Funds Class F2.24%
FCSFX Fidelity┬« Series Commodity Strategy Fund Class F1.84%
FFIPX Fidelity┬« Series Inflation-Protected Bond Index Fund Class F0.75%
FEDFX Fidelity┬« Series Emerging Markets Debt Fund Class F0.63%