Fidelity Asset Manager 85%
Fidelity Charles Street Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Asset Manager 85% 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 85% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.
The fund maintains a target allocation of 85% stocks and 15% bonds and short-term instruments, adjusting gradually within ranges of 60%–100% for stocks and 0%–40% for fixed income. It invests across domestic and foreign issuers through a mix of direct securities and Fidelity's Central funds and exchange-traded funds. Because the fund adjusts its allocation within stated ranges rather than holding a fixed mix, actual exposure to stocks and bonds will vary over time.
| Share class | Gross | Net |
|---|---|---|
| FAMRX | 0.66% | 0.63% |
| FEYIX | 0.71% | 0.67% |
| FEYAX | 0.96% | 0.92% |
| FEYCX | 1.71% | 1.67% |
| FEYTX | 1.21% | 1.17% |
| FIQCX | 0.59% | 0.56% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 29.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.58% |
| Cash & short-term | 0.93% |
| Bonds | 0.20% |
| Derivatives | 0.03% |
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 ×6, CHICAGO BOARD OF TRADE
Largest exited: UST BILLS ×6, CHICAGO BOARD OF TRADE, CHICAGO MERCANTILE EXCH INC
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 |
|---|---|---|---|---|---|
| +32.45% | +62.55% | +54.19% | 12.87% | -9.45% | |
| +32.33% | +62.33% | +53.88% | 12.85% | -9.43% | |
| +32.05% | -56.21% | -90.03% | 12.86% | -66.99% | |
| +31.06% | +26.89% | -6.94% | 12.85% | -12.33% | |
| +31.67% | -26.99% | -70.86% | 12.87% | -44.81% | |
| +32.45% | +62.83% | +54.79% | 12.86% | -9.38% |
These classes hold the same portfolio, so the 144.82pp spread over 5 years is the cost difference between them — roughly 28.96pp 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 LLC | 40.93% | $169.17 | $2.85B | 16.9M |
| — | Fidelity Central Investment Portfolios LLC | 21.72% | $130.64 | $1.51B | 11.6M |
| — | Fidelity Central Investment Portfolios LLC | 11.35% | $367.53 | $791.62M | 2.2M |
| — | Fidelity Central Investment Portfolios II LLC | 7.43% | $98.30 | $518.07M | 5.3M |
| — | Fidelity Covington Trust | 3.76% | $48.29 | $262.36M | 5.4M |
| — | Fidelity Covington Trust | 3.09% | $62.11 | $215.39M | 3.5M |
| — | Fidelity Central Investment Portfolios II LLC | 1.94% | $90.54 | $135.38M | 1.5M |
| — | Fidelity Covington Trust | 1.56% | $38.21 | $108.68M | 2.8M |
| — | Fidelity Hanover Street Trust | 1.45% | $94.24 | $101.18M | 1.1M |
| — | Fidelity Oxford Street Trust II | 1.33% | $107.63 | $92.54M | 859.8K |
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 94.57% of net assets, top 25 100.66%, across 12 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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