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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+1.14% 3 years+4.75%
3 months+4.12% 5 years--
1 year+20.50% Since inception+5.06%
Data through --

Peer Comparisonvs. Target-date 2050

Performance 5-yr return--+9.34%
Expense ratio1.11%0.92%
Risk 5 year sharpe ratio--0.95
Net assets$1.6M$823.5M
Average market cap$33.8B$33.1B
Average P/E17.819.0
Portfolio turnover31%31%

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Fund Management and Purchase Info

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


U.S. stock60.01%
International stock28.63%
Fixed income4.80%
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 F19.76%
FGWBX Strategic Advisers® Value Multi-Manager Fund Class F19.63%
FHJSX Strategic Advisers® Core Multi-Manager Fund Class F19.01%
FFSPX Strategic Advisers® Growth Multi-Manager Fund Class F15.43%
FARMX Strategic Advisers® Small-Mid Cap Multi-Manager Fund Class F9.78%
FSWPX Strategic Advisers® Emerging Markets Fund of Funds Class F9.45%
FLTSX Strategic Advisers® Income Opportunities Fund of Funds Class F2.46%
FCSFX Fidelity® Series Commodity Strategy Fund Class F1.72%
FFIPX Fidelity® Series Inflation-Protected Bond Index Fund Class F0.78%
FEDFX Fidelity® Series Emerging Markets Debt Fund Class F0.64%