Fidelity Asset Manager 20%
Fidelity Charles Street Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Asset Manager 20% is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity Asset Manager 20% seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments. The fund also considers the potential for capital appreciation.
The fund allocates assets across three classes—stocks, bonds, and short-term instruments—maintaining a neutral target mix of 20%, 50%, and 30% respectively, with the ability to adjust within stated ranges to pursue current income and capital appreciation. The fund invests in both domestic and foreign securities, including through Fidelity's Central funds and exchange-traded funds. Because the fund adjusts its allocation among asset classes within defined ranges rather than holding a fixed mix, its returns will diverge from any static allocation benchmark.
| Share class | Gross | Net |
|---|---|---|
| FASIX | 0.51% | 0.49% |
| FTAWX | 0.78% | 0.76% |
| FTCWX | 1.53% | 1.51% |
| FTDWX | 1.03% | 1.01% |
| FTIWX | 0.53% | 0.51% |
| FIKVX | 0.48% | 0.45% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 31.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 80.45% |
| Cash & short-term | 19.11% |
| Bonds | 0.29% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: ISHARES INC, UST BILLS ×5, CHICAGO MERCANTILE EXCH INC, CHICAGO BOARD OF TRADE
Largest exited: UST BILLS ×6, CHICAGO MERCANTILE EXCH INC, CHICAGO BOARD OF TRADE
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +11.31% | +23.60% | +18.52% | 4.36% | -4.47% | |
| +10.98% | -66.71% | -92.34% | 4.43% | -70.09% | |
| +10.12% | -3.70% | -28.75% | 4.46% | -12.82% | |
| +10.66% | -44.46% | -77.60% | 4.38% | -49.95% | |
| +11.27% | +23.58% | +18.37% | 4.41% | -4.32% | |
| +11.30% | +23.83% | +18.94% | 4.35% | -4.30% |
These classes hold the same portfolio, so the 111.27pp spread over 5 years is the cost difference between them — roughly 22.25pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Fidelity Central Investment Portfolios II LLC | 42.37% | $98.30 | $2.68B | 27.2M |
| — | Fidelity Revere Street Trust | 19.11% | — | $1.21B | — |
| — | Fidelity Central Investment Portfolios LLC | 13.05% | $169.17 | $824.83M | 4.9M |
| — | Fidelity Central Investment Portfolios LLC | 6.02% | $130.64 | $380.34M | 2.9M |
| — | Fidelity Merrimack Street Trust | 4.21% | $50.24 | $266.31M | 5.3M |
| — | Fidelity Central Investment Portfolios LLC | 3.47% | $367.53 | $219.21M | 596.5K |
| — | Fidelity Central Investment Portfolios II LLC | 1.93% | $90.54 | $121.78M | 1.3M |
| — | Fidelity Hanover Street Trust | 1.46% | $94.24 | $92.09M | 977.2K |
| — | Fidelity Oxford Street Trust II | 1.37% | $107.63 | $86.70M | 805.6K |
| — | Fidelity Covington Trust | 1.21% | $48.29 | $76.62M | 1.6M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 94.19% of net assets, top 25 99.83%, across 13 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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