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Is Fidelity Four-In-One Index Fund (FFNOX) a Strong Mutual Fund Pick Right Now?
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Are you on the hunt for a Mutual Fund Equity Report fund? You should think about starting with Fidelity Four-In-One Index Fund (FFNOX - Free Report) . FFNOX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Fidelity is responsible for FFNOX, and the company is based out of Boston, MA. The Fidelity Four-In-One Index Fund made its debut in July of 1999 and FFNOX has managed to accumulate roughly $7.50 billion in assets, as of the most recently available information. The fund's current manager, Andrew Dierdorf, has been in charge of the fund since January of 2009.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 7.88%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 7.91%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FFNOX over the past three years is 16.45% compared to the category average of 15.66%. Looking at the past 5 years, the fund's standard deviation is 14.61% compared to the category average of 14.02%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 0.83, which means it is hypothetically less volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. FFNOX's 5-year performance has produced a negative alpha of -2.75, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, FFNOX is a no load fund. It has an expense ratio of 0.08% compared to the category average of 0.86%. From a cost perspective, FFNOX is actually cheaper than its peers.
While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.
Bottom Line
This could just be the start of your research on FFNOXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.
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Is Fidelity Four-In-One Index Fund (FFNOX) a Strong Mutual Fund Pick Right Now?
Are you on the hunt for a Mutual Fund Equity Report fund? You should think about starting with Fidelity Four-In-One Index Fund (FFNOX - Free Report) . FFNOX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Fidelity is responsible for FFNOX, and the company is based out of Boston, MA. The Fidelity Four-In-One Index Fund made its debut in July of 1999 and FFNOX has managed to accumulate roughly $7.50 billion in assets, as of the most recently available information. The fund's current manager, Andrew Dierdorf, has been in charge of the fund since January of 2009.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 7.88%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 7.91%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FFNOX over the past three years is 16.45% compared to the category average of 15.66%. Looking at the past 5 years, the fund's standard deviation is 14.61% compared to the category average of 14.02%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 0.83, which means it is hypothetically less volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. FFNOX's 5-year performance has produced a negative alpha of -2.75, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, FFNOX is a no load fund. It has an expense ratio of 0.08% compared to the category average of 0.86%. From a cost perspective, FFNOX is actually cheaper than its peers.
While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.
Bottom Line
This could just be the start of your research on FFNOXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.