Credit: Shutterstock photoFidelity Four-in-One Index ( FFNOX ) a Zacks Ranked #1 (Strong Buy) invests in a combination of four Fidelity stock and bond index funds using an asset allocation strategy designed for investors seeking a broadly diversified, index-based investment. FFNOX's target asset allocation is approximately 55% in Spartan 500 Index Fund, and 15% each in Spartan Extended Market Index Fund, Spartan International Index Fund, and Fidelity U.S. Bond Index Fund. Fidelity Four-in-One Index offers dividends and capital gains in the month of April and December.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Foreign Stock, Large Growth. Further, as of the last filing, FIDELITY SPARTAN 500 INDEX, FIDELITY SPARTAN INTL INDX and FIDELITY SPARTAN US BOND were the top holdings for FFNOX.
The Fidelity Four-in-One Index fund, managed by Fidelity , carries an expense ratio of 0.08. Moreover, FFNOX requires a minimal initial investment of $2,500.
FFNOX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 8.43%, 3 year 13.14%, and 5 year 11.11%. To see how this fund performed compared in its category, please click here .
FFNOX's performance, as of the last filing, when compared to funds in its category was in the top 16% in 1 year, top 4% over the past 3 years, and in the 5% over the past 5 years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
