On Jan. 18, 2022, Fidelity Investments announced that sleeve manager Brian Lempel had stepped off Fidelity Balanced's management roster and left the firm. As frequent sleeve manager turnover is already considered in the current ratings, this change does not affect the fund's Average People Pillar rating or its Morningstar Analyst Rating of Neutral.
Fidelity® Balanced FBALX
NAV / 1-Day Return
25.49
/
0.12
%
Total Assets
42.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.510%
Expense Ratio
0.510%
Fee Level
Below Average
Longest Manager Tenure
13.63
years
Category
Allocation--50% to 70% Equity
Investment Style
Large GrowthCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
0.89%
Turnover
40%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
More Personnel Changes on Fidelity Balanced; Ratings Unchanged
