Fidelity Advisor Asset Manager 85% Z (FIQCX)

Fidelity Advisor Asset Manager 85% Fund Class Z is an actively managed mutual fund designed to deliver long-term total return through a diversified, multi-asset portfolio. The fund follows an aggressive allocation strategy, maintaining a neutral target of approximately 85% of its assets in equities and 15% in bonds and short-term instruments. Its equity component spans companies of all sizes and sectors, both in the U.S. and global markets, while the fixed income portion comprises a range of securities—including bonds of various maturities and credit qualities, floating rate, and inflation-protected instruments. Some assets may also be allocated to money market securities. The fund is managed by a team of Fidelity investment professionals and seeks to tactically adjust its allocations within a 10-percentage point band around its strategic mix to respond to changing market conditions. Benchmarking against indices like the S&P 500 and blended composites, it serves investors pursuing capital appreciation with significant equity exposure within a single, rebalanced product. Launched in 2018, the fund plays a key role for those seeking a globally diversified core holding in the aggressive allocation category.