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Mutual Funds Weekly Roundup: August 2
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The Fidelity Balanced Fund (FBALX) is an actively managed, moderately allocated fund owning both stocks and bonds. FBALX is considered a traditionally balanced fund, with 60% of its portfolio dedicated to stocks and the remainder in bonds and cash. However, unlike a traditional balanced fund, FBALX does provide some exposure to international stocks as well as lower-quality debt securities and bonds. Ultimately, the fund is designed to provide capital growth and income with minor risk.
The fund’s 60/40 split, slightly differentiated holdings and low costs make it an ideal core position for investors. The fund is internally managed by Fidelity.
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| Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -9.4% | 4.0% | 3.47% |
| 1 Yr | 17.3% | -49.8% | 32.0% | 17.62% |
| 3 Yr | 4.1%* | -37.6% | 14.3% | 38.05% |
| 5 Yr | 2.1%* | -40.2% | 13.0% | 39.61% |
| 10 Yr | 4.5%* | -38.8% | 17.7% | 47.28% |
* Annualized
| Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 19.1% | -50.4% | 46.8% | 5.53% |
| 2018 | -13.0% | -31.8% | 19.0% | 82.11% |
| 2017 | 7.8% | -44.7% | 46.3% | 35.90% |
| 2016 | 3.8% | -84.5% | 146.1% | 48.03% |
| 2015 | -6.8% | -40.7% | 14.6% | 65.00% |
| Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -9.4% | 4.0% | 3.47% |
| 1 Yr | 17.3% | -49.8% | 32.0% | 15.79% |
| 3 Yr | 10.5%* | -37.6% | 14.3% | 4.64% |
| 5 Yr | 7.9%* | -40.2% | 13.0% | 5.06% |
| 10 Yr | 10.0%* | -38.8% | 18.7% | 5.63% |
* Annualized
| Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 19.1% | -50.4% | 46.8% | 5.53% |
| 2018 | -4.0% | -27.4% | 19.0% | 22.00% |
| 2017 | 16.5% | -44.7% | 46.3% | 4.74% |
| 2016 | 7.0% | -84.5% | 146.1% | 34.01% |
| 2015 | 0.2% | -36.9% | 14.6% | 14.46% |
| FBALX | Category Low | Category High | FBALX % Rank | |
|---|---|---|---|---|
| Net Assets | 35.7 B | 299 K | 161 B | 3.58% |
| Number of Holdings | 1969 | 2 | 13691 | 3.46% |
| Net Assets in Top 10 | 5.47 B | -39.4 M | 33.7 B | 5.35% |
| Weighting of Top 10 | 16.16% | 9.2% | 210.3% | 89.52% |
| Weighting | Return Low | Return High | FBALX % Rank | |
|---|---|---|---|---|
| Stocks | 64.77% | -41.01% | 79.55% | 9.75% |
| Bonds | 32.07% | -2.79% | 79.17% | 70.96% |
| Cash | 2.65% | -110.26% | 75.57% | 67.19% |
| Convertible Bonds | 0.34% | 0.00% | 71.85% | 52.10% |
| Other | 0.16% | -41.44% | 209.72% | 31.66% |
| Preferred Stocks | 0.01% | 0.00% | 44.10% | 60.06% |
| Weighting | Return Low | Return High | FBALX % Rank | |
|---|---|---|---|---|
| Technology | 27.36% | 0.00% | 72.78% | 2.92% |
| Healthcare | 14.14% | 0.00% | 66.75% | 35.17% |
| Financial Services | 13.45% | 0.00% | 67.69% | 81.17% |
| Consumer Cyclical | 12.70% | 0.00% | 34.40% | 12.45% |
| Industrials | 9.13% | 0.00% | 99.44% | 70.35% |
| Consumer Defense | 7.83% | 0.00% | 24.28% | 38.20% |
| Energy | 4.67% | 0.00% | 100.00% | 48.59% |
| Real Estate | 3.40% | 0.00% | 100.00% | 58.55% |
| Utilities | 3.39% | 0.00% | 100.00% | 46.21% |
| Basic Materials | 2.18% | 0.00% | 100.00% | 74.68% |
| Communication Services | 1.75% | 0.00% | 32.16% | 88.10% |
| Weighting | Return Low | Return High | FBALX % Rank | |
|---|---|---|---|---|
| US | 59.61% | -41.02% | 75.95% | 9.75% |
| Non US | 5.16% | -2.62% | 29.45% | 49.27% |
| Weighting | Return Low | Return High | FBALX % Rank | |
|---|---|---|---|---|
| Corporate | 36.90% | 0.00% | 100.00% | 36.90% |
| Government | 28.54% | 0.00% | 97.23% | 39.73% |
| Securitized | 25.90% | 0.00% | 59.50% | 30.08% |
| Cash & Equivalents | 7.42% | 0.00% | 100.00% | 69.18% |
| Municipal | 1.09% | 0.00% | 99.78% | 14.47% |
| Derivative | 0.13% | 0.00% | 64.96% | 29.25% |
| Weighting | Return Low | Return High | FBALX % Rank | |
|---|---|---|---|---|
| US | 29.41% | -3.97% | 84.24% | 72.01% |
| Non US | 2.66% | -12.68% | 26.09% | 57.86% |
| FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.53% | 0.00% | 18.45% | 81.17% |
| Management Fee | 0.39% | 0.00% | 2.00% | 36.73% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
| FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 60.00% | 0.00% | 1504.00% | 60.26% |
| FBALX | Category Low | Category High | FBALX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.37% | 0.00% | 9.23% | 35.22% |
| FBALX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
| FBALX | Category Low | Category High | FBALX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.82% | -4.40% | 6.65% | 50.43% |
| FBALX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
| Date | Amount |
|---|---|
| Apr 08, 2019 | $0.093 |
| Jul 09, 2018 | $0.100 |
| Apr 09, 2018 | $0.078 |
| Jul 10, 2017 | $0.092 |
| Apr 10, 2017 | $0.091 |
| Jul 11, 2016 | $0.086 |
| Apr 11, 2016 | $0.085 |
| Jul 02, 2015 | $0.079 |
| Apr 02, 2015 | $0.097 |
| Jul 07, 2014 | $0.086 |
| Apr 07, 2014 | $0.105 |
| Jul 08, 2013 | $0.078 |
| Apr 08, 2013 | $0.077 |
| Dec 17, 2012 | $0.095 |
| Oct 15, 2012 | $0.087 |
| Jul 09, 2012 | $0.086 |
| Apr 05, 2012 | $0.079 |
| Dec 19, 2011 | $0.097 |
| Oct 17, 2011 | $0.091 |
| Jul 11, 2011 | $0.101 |
| Apr 07, 2011 | $0.060 |
| Dec 31, 2010 | $0.010 |
| Dec 20, 2010 | $0.079 |
| Oct 18, 2010 | $0.101 |
| Jul 12, 2010 | $0.079 |
| Apr 12, 2010 | $0.082 |
| Dec 21, 2009 | $0.087 |
| Oct 05, 2009 | $0.110 |
| Jul 13, 2009 | $0.099 |
| Apr 06, 2009 | $0.083 |
| Dec 22, 2008 | $0.084 |
| Oct 06, 2008 | $0.106 |
| Jul 14, 2008 | $0.106 |
| Apr 07, 2008 | $0.090 |
| Dec 24, 2007 | $0.120 |
| Oct 08, 2007 | $0.110 |
| Jul 09, 2007 | $0.100 |
| Apr 05, 2007 | $0.090 |
| Dec 11, 2006 | $0.130 |
| Oct 09, 2006 | $0.110 |
| Jul 10, 2006 | $0.080 |
| Apr 10, 2006 | $0.080 |
| Dec 12, 2005 | $0.080 |
| Oct 10, 2005 | $0.070 |
| Jul 05, 2005 | $0.080 |
| Apr 04, 2005 | $0.070 |
| Dec 13, 2004 | $0.070 |
| Oct 11, 2004 | $0.070 |
| Jun 21, 2004 | $0.060 |
| Mar 08, 2004 | $0.060 |
| Dec 15, 2003 | $0.080 |
| Sep 08, 2003 | $0.060 |
| Jun 09, 2003 | $0.060 |
| Mar 10, 2003 | $0.060 |
| Dec 16, 2002 | $0.080 |
| Sep 09, 2002 | $0.090 |
| Jun 10, 2002 | $0.090 |
| Mar 11, 2002 | $0.100 |
| Dec 17, 2001 | $0.120 |
| Sep 10, 2001 | $0.110 |
| Jun 11, 2001 | $0.110 |
| Mar 12, 2001 | $0.110 |
| Dec 18, 2000 | $0.150 |
| Sep 11, 2000 | $0.100 |
| Jun 12, 2000 | $0.110 |
| Mar 13, 2000 | $0.120 |
| Dec 13, 1999 | $0.140 |
| Jun 14, 1999 | $0.110 |
| Mar 15, 1999 | $0.100 |
| Dec 14, 1998 | $0.100 |
| Sep 08, 1998 | $0.100 |
| Jun 08, 1998 | $0.120 |
| Mar 09, 1998 | $0.140 |
| Dec 15, 1997 | $0.110 |
| Sep 08, 1997 | $0.150 |
| Jun 09, 1997 | $0.150 |
| Mar 10, 1997 | $0.150 |
| Dec 16, 1996 | $0.200 |
| Sep 09, 1996 | $0.150 |
| Jun 10, 1996 | $0.150 |
| Mar 11, 1996 | $0.150 |
| Dec 18, 1995 | $0.150 |
| Sep 11, 1995 | $0.150 |
| Jun 12, 1995 | $0.150 |
| Mar 20, 1995 | $0.120 |
| Dec 12, 1994 | $0.090 |
| Sep 06, 1994 | $0.090 |
| Jun 13, 1994 | $0.090 |
| Mar 21, 1994 | $0.130 |
| Dec 20, 1993 | $0.290 |
| Jun 28, 1993 | $0.150 |
| Mar 22, 1993 | $0.150 |
| Jun 22, 1992 | $0.150 |
| Mar 23, 1992 | $0.150 |
Start Date
Tenure
Tenure Rank
Sep 30, 2008
11.26
11.3%
Mr. Sorel joined Fidelity Investments in 1998. In 2000, he began covering European autos, and then covered European banks in 2002. Mr. Sorel has worked as an equity research analyst and portfolio manager. Prior to Fidelity, Mr. Sorel worked as a consultant at Oliver, Wyman & Company in New York. He holds a Bachelor of Science degree in electrical engineering and a bachelor of arts degree in economics from Brown University, Rhode Island. He also holds a masters degree in computer engineering from Princeton University and an MBA from INSEAD, France.
Start Date
Tenure
Tenure Rank
Sep 30, 2008
11.26
11.3%
Before joining Fidelity in 2003, Mr. Simmons worked as a financial analyst at the private equity firm Hicks, Muse, Tate & Furst. He has been in the investments industry since 1997. Mr. Simmons earned his BA in finance from The University of Texas at Austin, where he graduated with highest honors, and his MBA from Harvard Business School.
Start Date
Tenure
Tenure Rank
Sep 30, 2008
11.26
11.3%
Stansky is vice president and portfolio manager, as well a group manager of VIP Contrafund Portfolio and is responsible for assignment of managers to sectors, managing daily cash flows directing risk management and overseeing in the portfolio. He will not select individual securities in the sectors. He joined Fidelity Investments as a research analyst in 1983, and worked as a research assistant from 1984 to 1987.
Start Date
Tenure
Tenure Rank
Sep 30, 2008
11.26
11.3%
Kaye is a vice president and portfolio manager with Fidelity Management & Research. Previously, he was head of Fidelity Select Portfolios and assistant director of research. He also served as Fidelity's pharmaceuticals analyst from 1985 to 1990. Before joining the firm, he spent two years as a research analyst with Strategic Planning Associates.
Start Date
Tenure
Tenure Rank
Apr 25, 2013
6.69
6.7%
Brian Lempel is a member of FMR's Stock Selector Large Cap Group and co-manager of the fund (information technology sector), which he has managed since January 2014. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Lempel has worked as a research analyst and portfolio manager.
Start Date
Tenure
Tenure Rank
Oct 31, 2016
3.17
3.2%
Mr. Mirshekari has joined Fidelity Investments since 2003 and has worked as a research analyst and portfolio manager. He is also a member of FMR’s Stock Selector Large Cap Group.
Start Date
Tenure
Tenure Rank
Aug 03, 2017
2.41
2.4%
Ms. Stafford has worked as a research analyst and portfolio manager since joining Fidelity Investments in 2005.
Start Date
Tenure
Tenure Rank
Nov 08, 2019
0.15
0.2%
Jody Simes is a global sector leader/analyst at Fidelity Institutional Asset Management (FIAM). In this role, he manages both the global energy (since 2011) and global materials (since 2006) sector sleeves of the FIAM sector portfolios and analyzes stocks for the broader diversified portfolio management team. He has been in the investments industry since joining Fidelity in 1993. Mr. Simes earned his bachelor of science degree in finance from the University of Massachusetts and his master of science degree in finance from Boston College. He is a CFA charterholder.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.02 | 6.96 | 7.62 |
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