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FBALX Fidelity® Balanced

  • Fund
  • FBALX
  • Price as of: Aug 08, 2016
  • $22.23
  • + $0.01
  • + 0.05%
  • Category
  • Diversified Portfolio

FBALX - Profile

Vitals

  • YTD Return 4.8%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 9.2%
  • Net Assets $28.8 B
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$22.23
$19.40
$22.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 128.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® Balanced Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Nov 06, 1986
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Douglas Simmons

Fund Description

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.

FBALX - Performance

Return Ranking - Trailing

Period FBALX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.8% -65.8% 22.5% 41.66% 3
1 Yr 2.5% -30.1% 18.0% 36.32% 2
3 Yr 8.2% * -14.0% 12.6% 2.78% 1
5 Yr 9.2% * -13.4% 12.2% 5.56% 1
10 Yr 6.7% * -5.6% 9.0% 8.68% 1

* Annualized


Return Ranking - Calendar

Period FBALX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.8% -61.2% 48.7% 53.28% 3
2014 0.1% -11.0% 4.5% 46.43% 3
2013 12.7% -11.5% 25.9% 25.93% 2
2012 10.9% 5.1% 15.7% 20.00% 1
2011 -0.2% -7.3% 5.7% 57.14% 3

Total Return Ranking - Trailing

Period FBALX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.8% -65.8% 22.5% 42.17% 3
1 Yr 2.5% -30.1% 17.0% 26.72% 2
3 Yr 8.2% * -15.0% 12.6% 2.52% 1
5 Yr 9.2% * -13.7% 12.2% 5.05% 1
10 Yr 6.7% * -5.6% 9.0% 7.96% 1

* Annualized


Total Return Ranking - Calendar

Period FBALX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.8% -61.2% 48.7% 53.28% 3
2014 8.2% -11.0% 9.6% 7.14% 1
2013 23.8% -4.1% 29.6% 18.52% 1
2012 15.9% 7.8% 20.7% 26.67% 2
2011 2.2% -3.5% 11.7% 57.14% 3

NAV & Total Return History

FBALX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FBALX Category Low Category High FBALX % Rank Quintile
Net Assets 28.8 B 81.4 K 99.6 B 0.32% 1
Number of Holdings 1130 1 12089 2.97% 1
Net Assets in Top 10 4.45 B -654 M 19.5 B 1.05% 1
Weighting of Top 10 16.3% 0.0% 246.1% 26.50% 5

Top 10 Holdings

  1. Fidelity Cent Invt Portfolios 2.48%
  2. Apple Inc 1.80%
  3. Alphabet Inc C 1.93%
  4. Danaher Corp 1.65%
  5. Roper Technologies Inc 1.38%
  6. AMETEK Inc 1.52%
  7. Facebook Inc A 1.15%
  8. Amazon.com Inc 1.36%
  9. US Treasury Note 1.25% 1.91%
  10. Fannie Mae 3.5% 30 Year 1.13%

Asset Allocation

Weighting Category Low Category High FBALX % Rank Quintile
Stocks
65.18% -3.90% 139.24% 7.54% 2
Bonds
29.07% -0.39% 98.35% 18.46% 4
Cash
3.21% -80.76% 100.06% 23.07% 5
Other
2.48% -9.98% 131.62% 9.34% 2
Convertible Bonds
0.04% 0.00% 33.12% 6.68% 3
Preferred Stocks
0.02% -0.04% 36.35% 9.02% 4

Stock Sector Breakdown

Weighting Category Low Category High FBALX % Rank Quintile
Technology
12.25% -11.24% 86.30% 3.16% 1
Healthcare
10.12% -0.78% 26.13% 4.83% 1
Consumer Cyclical
8.41% -6.71% 67.05% 6.69% 2
Financial Services
8.30% -5.44% 81.82% 10.54% 2
Industrials
6.10% -4.76% 59.46% 11.75% 3
Consumer Defense
6.08% -6.80% 33.05% 6.17% 2
Energy
4.78% -3.72% 31.87% 6.31% 2
Communication Services
2.77% -2.19% 32.13% 5.80% 2
Utilities
2.46% -6.48% 56.47% 5.62% 2
Basic Materials
1.93% -3.08% 25.70% 10.45% 3
Real Estate
1.65% -2.11% 51.75% 13.46% 3

Stock Geographic Breakdown

Weighting Category Low Category High FBALX % Rank Quintile
US
61.69% -123.16% 136.63% 3.57% 1
Non US
3.49% -2.43% 163.55% 21.88% 4

Bond Sector Breakdown

Weighting Category Low Category High FBALX % Rank Quintile
Corporate
12.16% 0.00% 93.84% 17.25% 3
Securitized
8.26% -0.01% 42.26% 10.76% 2
Government
7.51% -160.96% 76.37% 15.79% 3
Cash & Equivalents
3.22% -80.82% 157.26% 22.52% 4
Municipal
1.19% 0.00% 137.36% 3.39% 1
Derivative
-0.01% -84.53% 22.60% 3.02% 4

Bond Geographic Breakdown

Weighting Category Low Category High FBALX % Rank Quintile
US
27.10% -31.85% 93.68% 15.56% 3
Non US
1.97% -57.44% 70.46% 19.45% 4

FBALX - Expenses

Operational Fees

FBALX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.56% 0.00% 165.34% 16.53% 1
Management Fee 0.40% 0.00% 2.55% 3.94% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

FBALX Fees (% of AUM) Category Low Category High FBALX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FBALX Fees (% of AUM) Category Low Category High FBALX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover 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 Low Category High FBALX Rank Quintile
Turnover 128.00% 0.00% 5473.00% 6.00% 5

FBALX - Distributions

Dividend Yield Analysis

FBALX Category Low Category High FBALX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 13.39% 1

Dividend Distribution Analysis

FBALX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FBALX Category Low Category High FBALX % Rank Quintile
Net Income Ratio 1.59% -2.96% 9.94% 12.18% 3

Capital Gain Distribution Analysis

FBALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FBALX - Managers

Douglas Simmons

Manager

Start Date

Sep 30, 2008

Tenure

7.84

Tenure Rank

2.4%

Douglas Simmons is co-manager of the fund, which he has managed since November 2009, and is manager of Fidelity Utilities Central Fund. He also manages other Fidelity funds. Mr. Simmons joined Fidelity Investments in 2003 after receiving his MBA from Harvard Business School. He is also a member of FMR's Multi-Manager Group.


Jonathan Kasen

Manager

Start Date

Jul 16, 2013

Tenure

3.04

Tenure Rank

4.8%

Kasen joined Fidelity in 2006 as an equity analyst following industrial distribution, machinery, electrical products, and mid–cap diversified industrial stocks. Prior to joining Fidelity, he was a summer intern at Fred Alger Management in New York City in 2005. From 2001 to 2004, Kasen was an equity research analyst, covering mainly health–care and technology companies, at Hellman Jordan Management Company — a specialty equity investment firm in Boston.


Brian Lempel

Manager

Start Date

Apr 25, 2013

Tenure

3.27

Tenure Rank

4.6%

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.


Monty Kori

Manager

Start Date

Jul 16, 2013

Tenure

3.04

Tenure Rank

4.8%

Mr. Kori has worked as a research analyst and portfolio manager, since joining Fidelity Investments in 2006.


Robert E. Stansky

Manager

Start Date

Sep 30, 2008

Tenure

7.84

Tenure Rank

2.4%

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 as a research analyst in 1983, and worked as a research assistant from 1984 to 1987. He also manages other Fidelity funds.


Tobias W. Welo

Manager

Start Date

Nov 14, 2011

Tenure

4.72

Tenure Rank

3.7%

Tobias W. Welo is manager of Advisor Industrials Fund, which he has managed since January 2007. Since joining Fidelity Investments in 2005, Mr. Welo has worked as an analyst. Prior to joining Fidelity, he worked as an analyst and assistant portfolio manager for BlackRock. From 1999 until 2002, Mr. Welo was an analyst for Boston Partners. Before joining BPAM, Welo spent five years with Coopers & Lybrand L.L.P.


Pierre Sorel

Manager

Start Date

Sep 30, 2008

Tenure

7.84

Tenure Rank

2.4%

Mr. Sorel joined Fidelity in 1998. In 2000, he began covering European autos, and then covered European banks in 2002. He was promoted to portfolio manager for Fidelity Financial Services Fund for European investors in February 2005. 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.


Steven Kaye

Manager

Start Date

Sep 30, 2008

Tenure

7.84

Tenure Rank

2.4%

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.


Ford E. O'Neil

Manager

Start Date

Jul 31, 2015

Tenure

1.0

Tenure Rank

6.3%

Ford O’Neil is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company, the investment advisor for Fidelity’s family of mutual funds. In this role, he manages various retail and institutional taxable bond funds/portfolios. Prior to assuming his current position in August 1992, Ford worked as an analyst in Asset Management. Ford earned his Bachelor of Arts in government from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


Peter Dixon

Manager

Start Date

Nov 16, 2015

Tenure

0.71

Tenure Rank

6.5%

Peter Dixon is portfolio manager of Retailing Portfolio, which he has managed since April 2010. Prior to joining Fidelity Investments in 2006 as a research analyst, Mr. Dixon received his MBA from the Kellogg School of Management at Northwestern University.


Robert Lee

Manager

Start Date

Sep 30, 2008

Tenure

7.84

Tenure Rank

2.4%

Robert Lee is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity's family of mutual funds. Mr. Lee joined Fidelity in 2001 as a research analyst following the business services and supply chain technology industries. In 2003, he began following the restaurant industry, and added the food and beverage industries in 2004. Before joining Fidelity, Mr. Lee worked as a summer equities associate with Goldman, Sachs & Co. He also worked as a financial analyst for Adshel Inc. from 1998 to 2000, where he was responsible for evaluating potential acquisitions and new business development opportunities within a high-growth segment of the outdoor media industry. Mr. Lee has been in the investments industry since joining Chase Securities Inc. in 1995 as a financial analyst in the Global Investment Banking Division. Mr. Lee earned his BS in management from Babson College in 1995 and his MBA from the Wharton School at the University of Pennsylvania in 2001. He is a Chartered Financial Analyst (CFA) charterholder.


Tenure Analysis

Category Low

0.0

Category High

35.5

Category Average

5.28

Category Mode

1.6