08-28-2018, 09:20 AM
I have been watching this Fidelity fund when it was launched in the Adviser class of products a couple years ago. Now Fidelity opened it to regular customers. It is a balanced fund with one-stop shop for investing in stocks and bonds. The “multi-asset” descriptor is very misleading, as the fund invests in just two asset types: Stocks and Bonds. As of April 30, it allocated 40.3% to stocks and 57.9% to bonds, and the remainder in cash. The net expense ratio is a bit high at 0.86%.
FMSDX - Fidelity ® Multi-Asset Income Fund | Fidelity Investments
I'm thinking, how is this different than Target Date funds Fidelity already sells? Could you throw in the towel, convert you portfolio to FMSDX and live happily ever after? What are your thoughts or comments?
FMSDX - Fidelity ® Multi-Asset Income Fund | Fidelity Investments
I'm thinking, how is this different than Target Date funds Fidelity already sells? Could you throw in the towel, convert you portfolio to FMSDX and live happily ever after? What are your thoughts or comments?