Fidelity® Balanced
- FBALX
- Price as of: Apr 14, 2021
-
$30.36
N/A N/A
- Primary Theme
- U.S. Balanced Allocation
- Fund Company
- Fidelity Investments
- Share Class
FBALX - Snapshot
Vitals
- YTD Return 7.2%
- 3 Yr Annualized Return 15.1%
- 5 Yr Annualized Return 13.7%
- Net Assets $43.5 B
- Holdings in Top 10 20.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.52%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 95.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--50% to 70% Equity
FBALX - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return 15.1%
- 5 Yr Annualized Total Return 13.7%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.57%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity® Balanced Fund
-
Fund Family NameFidelity Investments
-
Inception DateNov 06, 1986
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPierre Sorel
Fund Description
The fund invests approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), when its outlook is neutral. It invests at least 25% of total assets in fixed-income senior securities.
FBALX - Performance
Return Ranking - Trailing
Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -7.2% | 77.7% | 13.87% |
1 Yr | 48.4% | -5.2% | 150.3% | 6.09% |
3 Yr | 15.1%* | -1.3% | 30.7% | 1.82% |
5 Yr | 13.7%* | 0.6% | 26.0% | 1.73% |
10 Yr | 10.9%* | 1.3% | 16.5% | 2.64% |
* Annualized
Return Ranking - Calendar
Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 15.0% | -39.0% | 56.4% | 3.24% |
2019 | 19.1% | -5.8% | 25.7% | 5.02% |
2018 | -13.0% | -52.1% | 0.0% | 66.34% |
2017 | 7.8% | -6.5% | 32.7% | 60.10% |
2016 | 3.8% | -43.7% | 17.8% | 50.09% |
Total Return Ranking - Trailing
Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -7.2% | 77.7% | 13.72% |
1 Yr | 48.4% | -5.2% | 150.3% | 5.65% |
3 Yr | 15.1%* | -1.3% | 30.7% | 1.82% |
5 Yr | 13.7%* | 0.6% | 26.0% | 1.57% |
10 Yr | 10.9%* | 1.3% | 16.5% | 2.64% |
* Annualized
Total Return Ranking - Calendar
Period | FBALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 15.0% | -39.0% | 56.4% | 3.24% |
2019 | 19.1% | -5.8% | 25.7% | 5.02% |
2018 | -4.0% | -47.9% | 0.8% | 11.11% |
2017 | 16.5% | -3.7% | 56.2% | 10.79% |
2016 | 7.0% | -43.7% | 19.8% | 32.26% |
NAV & Total Return History
FBALX - Holdings
Concentration Analysis
FBALX | Category Low | Category High | FBALX % Rank | |
---|---|---|---|---|
Net Assets | 43.5 B | 539 K | 192 B | 4.18% |
Number of Holdings | 2235 | 2 | 14808 | 3.75% |
Net Assets in Top 10 | 8.07 B | -9.34 M | 32.5 B | 7.06% |
Weighting of Top 10 | 20.05% | 8.0% | 100.0% | 82.52% |
Top 10 Holdings
- Fidelity Revere Str Tr 3.82%
- Microsoft Corp 3.28%
- Amazon.com Inc 2.89%
- Apple Inc 1.96%
- Alphabet Inc Class C 1.91%
- Facebook Inc A 1.54%
- United States Treasury Notes 2.62% 1.36%
- United States Treasury Bonds 3% 1.34%
- Uber Technologies Inc 1.17%
- E-mini S&P 500 Future Dec 20 1.16%
Asset Allocation
Weighting | Return Low | Return High | FBALX % Rank | |
---|---|---|---|---|
Stocks | 67.53% | 0.00% | 138.94% | 13.54% |
Bonds | 27.80% | -0.38% | 121.14% | 75.07% |
Cash | 3.98% | -69.19% | 81.05% | 50.58% |
Convertible Bonds | 0.54% | 0.00% | 27.83% | 44.09% |
Other | 0.14% | -4.88% | 62.34% | 27.23% |
Preferred Stocks | 0.01% | -0.01% | 24.34% | 60.66% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FBALX % Rank | |
---|---|---|---|---|
Technology | 25.81% | 0.00% | 53.70% | 10.37% |
Healthcare | 13.15% | 0.00% | 33.78% | 53.03% |
Financial Services | 12.61% | 0.00% | 100.00% | 81.99% |
Consumer Cyclical | 11.91% | 0.00% | 23.57% | 40.92% |
Communication Services | 10.25% | 0.00% | 30.83% | 25.07% |
Industrials | 7.82% | 0.00% | 31.04% | 90.06% |
Consumer Defense | 7.29% | 0.00% | 18.66% | 42.07% |
Utilities | 2.86% | 0.00% | 100.00% | 36.46% |
Energy | 2.83% | 0.00% | 90.89% | 46.25% |
Basic Materials | 2.80% | 0.00% | 27.35% | 73.49% |
Real Estate | 2.67% | 0.00% | 99.68% | 57.49% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FBALX % Rank | |
---|---|---|---|---|
US | 62.10% | 0.00% | 137.67% | 9.80% |
Non US | 5.43% | 0.00% | 69.93% | 66.86% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FBALX % Rank | |
---|---|---|---|---|
Corporate | 41.68% | 0.00% | 99.08% | 31.70% |
Securitized | 26.58% | 0.00% | 85.21% | 27.23% |
Government | 18.45% | 0.00% | 96.20% | 68.73% |
Cash & Equivalents | 12.44% | 0.22% | 100.00% | 46.25% |
Municipal | 0.85% | 0.00% | 24.11% | 26.22% |
Derivative | 0.00% | 0.00% | 33.65% | 40.92% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FBALX % Rank | |
---|---|---|---|---|
US | 23.33% | -0.38% | 66.47% | 74.50% |
Non US | 4.47% | -6.54% | 97.27% | 35.45% |
FBALX - Expenses
Operational Fees
FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.52% | 0.01% | 14.81% | 72.36% |
Management Fee | 0.38% | 0.00% | 1.75% | 50.93% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FBALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
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 | 95.00% | 0.00% | 484.00% | 75.84% |
FBALX - Distributions
Dividend Yield Analysis
FBALX | Category Low | Category High | FBALX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.09% | 5.87% |
Dividend Distribution Analysis
FBALX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
FBALX | Category Low | Category High | FBALX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.57% | -1.95% | 11.02% | 43.28% |
Capital Gain Distribution Analysis
FBALX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Dividend Payout History
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 |
FBALX - Fund Manager Analysis
Managers
Pierre Sorel
Start Date
Tenure
Tenure Rank
Sep 30, 2008
12.51
12.5%
Pierre Sorel is a sector leader and portfolio manager in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Sorel is responsible for covering the financial sector and is a member of the Stock Selector Large Cap Group. Additionally, he manages the Fidelity Financial Services Central Fund and co-manages Fidelity and Fidelity Advisor Balanced Fund, VIP Balance Portfolio, Fidelity Series All-Sector Equity Fund, FIAM Strategic Advisor Core Research Fund, FIAM U.S. Total Stock Fund, Fidelity Advisor Stock Selector Mid Cap Fund, and Fidelity Advisor Stock Selector All Cap Fund. Mr. Sorel also co-manages the Financials sleeve of the FIAM Global Sector Strategies: FIAM Small/Mid Cap Core, FIAM Large Cap Core, and FIAM Global Core. Prior to assuming his current position with the Stock Selector Large Cap Group in October 2007, Mr. Sorel managed Fidelity Funds Global Financial Services Fund, a financial services sector fund available exclusively to investors outside of the United States. Previously, he worked as an analyst covering the leisure, automobile, and banking industries in Europe at Fidelity International Limited (FIL). Before joining FIL in 1998, Mr. Sorel was a financial services consultant at Oliver Wyman. He has been in the financial industry since 1993. Mr. Sorel earned his bachelor of arts degree in economics and his bachelor of science degree in electrical engineering from Brown University; his master of science degree in computer engineering from Princeton University; and his master of business administration degree from INSEAD. He is also a CFA® charterholder.
Douglas Simmons
Start Date
Tenure
Tenure Rank
Sep 30, 2008
12.51
12.5%
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.
Robert Stansky
Start Date
Tenure
Tenure Rank
Sep 30, 2008
12.51
12.5%
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. Prior to assuming his current responsibilities, Mr. Stansky managed Fidelity's Magellan Fund from 1996 to 2005. Previously, he managed Fidelity Growth Company Fund, Fidelity Advisor Equity Growth Fund, and Fidelity Growth Strategies, as well as an institutional portfolio for Fidelity. Mr. Stansky also served as an analyst and portfolio assistant on Magellan Fund and as an analyst in Fidelity's Equity research department where he managed the Select Defense & Aerospace Fund. He has been in the financial industry since joining Fidelity in 1983. Mr. Stansky earned his bachelor of science degree in business from Nichols College and his master of business administration degree in finance from New York University.
Steven Kaye
Start Date
Tenure
Tenure Rank
Sep 30, 2008
12.51
12.5%
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.
Brian Lempel
Start Date
Tenure
Tenure Rank
Apr 25, 2013
7.94
7.9%
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.
John Mirshekari
Start Date
Tenure
Tenure Rank
Oct 31, 2016
4.42
4.4%
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.
Nicola Stafford
Start Date
Tenure
Tenure Rank
Aug 03, 2017
3.66
3.7%
Ms. Stafford has worked as a research analyst and portfolio manager since joining Fidelity Investments in 2005.
Jody Simes
Start Date
Tenure
Tenure Rank
Nov 08, 2019
1.39
1.4%
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.
Ashley Fernandes
Start Date
Tenure
Tenure Rank
Jan 01, 2020
1.25
1.3%
Ashley Fernandes is co-manager , which he has managed since January 2020. He also manages other funds. Since joining Fidelity Investments in 2013, Mr. Fernandes has worked as a global energy analyst, research analyst, and portfolio manager.
Melissa Reilly
Start Date
Tenure
Tenure Rank
Jan 01, 2020
1.25
1.3%
Sean Gavin is portfolio manager of the fund, which he has managed since April 2017. He also manages other funds. Since joining Fidelity Investments in 2006, Mr. Gavin has worked as a research analyst and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 37.27 | 6.04 | 1.25 |