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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+2.99% 3 years+5.77%
3 months+7.04% 5 years--
1 year+23.42% Since inception+5.72%
Data through --

Peer Comparisonvs. Target-date 2050

Performance 5-yr return--+9.34%
Expense ratio1.11%0.92%
Risk 5 year sharpe ratio--0.90
Net assets$1.7M$854.8M
Average market cap$33.6B$33.5B
Average P/E17.719.1
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. stock58.39%
International stock30.10%
Fixed income4.81%
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 F20.99%
FGWBX Strategic Advisers® Value Multi-Manager Fund Class F18.88%
FHJSX Strategic Advisers® Core Multi-Manager Fund Class F18.75%
FFSPX Strategic Advisers® Growth Multi-Manager Fund Class F15.39%
FSWPX Strategic Advisers® Emerging Markets Fund of Funds Class F9.76%
FARMX Strategic Advisers® Small-Mid Cap Multi-Manager Fund Class F9.29%
FLTSX Strategic Advisers® Income Opportunities Fund of Funds Class F2.34%
FCSFX Fidelity® Series Commodity Strategy Fund Class F1.80%
FFIPX Fidelity® Series Inflation-Protected Bond Index Fund Class F0.77%
FEDFX Fidelity® Series Emerging Markets Debt Fund Class F0.63%