Fidelity Advisor Asset Manager 70% - Class Z (FIQBX)

Fidelity Advisor Asset Manager 70% - Class Z is a multi-asset mutual fund managed by Fidelity, designed to maximize total return over the long term through a diversified allocation across three main asset classes: equities, fixed-income securities, and short-term instruments. The fund targets a moderately aggressive mix, maintaining approximately 70% of its portfolio in stocks, providing exposure to large, mid, and small-cap companies, with the remainder allocated to bonds and cash equivalents. Its holdings feature prominent technology, consumer cyclical, and communication services companies, including sector leaders such as Microsoft, Apple, NVIDIA, Amazon, and Alphabet. Founded in 1991, the fund is classified as institutional with relatively low distribution fees and a net expense ratio around 0.59%, offering efficient access to a broad, dynamically managed portfolio. With net assets near $7 billion, the fund plays a significant role for investors seeking balanced growth and income through professional asset allocation and risk management, reflecting Fidelity’s expertise in multi-asset investment strategies.