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Morningstar

Fidelity® Balanced FBALX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
24.46  /  0.29 %
Total Assets
36.0 Bil
Adj. Expense Ratio
0.510%
Expense Ratio
0.510%
Fee Level
Low
Longest Manager Tenure
14.02 years
Category
Allocation--50% to 70% Equity
Investment Style
Large Growth
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
1.10%
Turnover
40%

Morningstar’s Fund Analysis FBALX

Will FBALX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBALX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FBALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FBALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An Upcoming Manager Retirement at Fidelity Balanced Does Not Change Its Ratings

Analyst

Analyst Note

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On July 20, 2022, Fidelity announced that Christopher Lee will succeed longtime manager Robert Stansky on Fidelity Balanced and Fidelity Advisor Balanced at year-end. While replacing Stansky’s experience is a challenge, the strategy’s distinct sleeved approach limits the damage. Both strategies retain Morningstar Analyst Ratings of Neutral across all share classes, and their underlying People Pillar ratings remain Average.

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