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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 domestic equity, international equity (developed and emerging markets), 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-0.42% 3 years+6.34%
3 months+3.06% 5 years--
1 year+15.11% Since inception+7.86%
Data through --

Peer Comparisonvs. Target-date 2050

Performance 5-yr return--+9.94%
Expense ratio1.08%0.89%
Risk 5 year sharpe ratio--1.13
Net assets$2.0M$979.8M
Average market cap$37.6B$35.3B
Average P/E19.219.4
Portfolio turnover35%35%

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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. stock57.20%
International stock30.76%
Fixed income4.34%
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 F21.53%
FGWBX Strategic Advisers® Value Multi-Manager Fund Class F18.62%
FHJSX Strategic Advisers® Core Multi-Manager Fund Class F18.30%
FFSPX Strategic Advisers® Growth Multi-Manager Fund Class F15.21%
FSWPX Strategic Advisers® Emerging Markets Fund of Funds Class F9.97%
FARMX Strategic Advisers® Small-Mid Cap Multi-Manager Fund Class F9.40%
FCSFX Fidelity® Series Commodity Strategy Fund Class F1.60%
FLTSX Strategic Advisers® Income Opportunities Fund of Funds Class F1.47%
FFIPX Fidelity® Series Inflation-Protected Bond Index Fund Class F0.77%
FEDFX Fidelity® Series Emerging Markets Debt Fund Class F0.61%