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Strategic Advisers® Multi-Manager 2050 Fund Class L (FMJLX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target date 2046-2050
Style or Category
No Load
Sales Expenses
Expense Ratio
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-6.25% 3 years--
3 months-6.91% 5 years--
1 year-3.44% Since inception+7.79%
Data through --

Peer Comparisonvs. Target date 2046-2050

Performance 5-yr return--+11.92%
Expense ratio1.03%1.01%
Risk 5 year sharpe ratio--0.93
Net assets$1.1M$677.8M
Average market cap$35.4B$32.0B
Average P/E17.918.3
Portfolio turnover15%15%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 2 Years
Minimal initial investment$0.00
Minimum IRA investment--


U.S. stock60.08%
International stock29.53%
Fixed income4.78%
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 F20.12%
FHJSX Strategic Advisers® Core Multi-Manager Fund Class F19.74%
FGWBX Strategic Advisers® Value Multi-Manager Fund Class F19.42%
FFSPX Strategic Advisers® Growth Multi-Manager Fund Class F16.34%
FARMX Strategic Advisers® Small-Mid Cap Multi-Manager Fund Class F9.62%
FSWPX Strategic Advisers® Emerging Markets Fund of Funds Class F7.60%
FLTSX Strategic Advisers® Income Opportunities Fund of Funds Class F3.21%
FCSFX Fidelity® Series Commodity Strategy F Class0.71%
FMAKX Strategic Advisers® Core Income Multi-Manager Fund Class F0.62%
FEDFX Fidelity® Series Emerging Markets Debt Fund Class F0.60%

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