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FBALX Fidelity® Balanced

  • Fund
  • FBALX
  • Price as of: Jun 21, 2019
  • $23.59 - $0.02 - 0.09%
  • Category
  • Diversified Portfolio

FBALX - Profile

Vitals

  • YTD Return 14.2%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $32 B
  • Holdings in Top 10 15.7%

52 WEEK LOW AND HIGH

$23.59
$19.83
$25.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

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 14.2%
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Pierre Sorel

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 (%)
YTD 14.2% -5.8% 20.6% 8.91%
1 Yr -4.5% -26.8% 10.9% 71.27%
3 Yr 3.6%* -10.3% 13.5% 27.45%
5 Yr -0.3%* -24.9% 8.8% 43.46%
10 Yr 5.4%* -15.3% 9.0% 21.80%

* Annualized


Return Ranking - Calendar

Period FBALX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -34.6% 1.6% 72.70%
2017 7.8% -12.4% 33.2% 42.49%
2016 3.8% -65.8% 23.3% 41.65%
2015 -6.8% -64.9% 4.8% 57.19%
2014 0.1% -29.5% 68.3% 50.75%

Total Return Ranking - Trailing

Period FBALX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.2% -6.1% 21.0% 8.27%
1 Yr 5.1% -26.8% 12.4% 17.26%
3 Yr 10.9%* -10.3% 14.6% 2.00%
5 Yr 7.6%* -22.2% 47.3% 1.50%
10 Yr 11.1%* -12.5% 13.1% 1.69%

* Annualized


Total Return Ranking - Calendar

Period FBALX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.0% -32.7% 1.6% 15.63%
2017 16.5% -8.4% 33.2% 13.09%
2016 7.0% -65.2% 23.3% 32.37%
2015 0.2% -62.9% 9.2% 9.80%
2014 11.0% -28.5% 76.9% 2.24%

NAV & Total Return History

FBALX - Holdings

Concentration Analysis

FBALX Category Low Category High FBALX % Rank
Net Assets 32 B 608 K 144 B 2.42%
Number of Holdings 1730 2 13352 8.46%
Net Assets in Top 10 5.15 B -323 M 26.4 B 6.11%
Weighting of Top 10 15.71% 5.6% 3196.0% 91.16%

Top 10 Holdings

  1. Microsoft Corp 3.01%

  2. Apple Inc 2.42%

  3. Amazon.com Inc 1.85%

  4. Alphabet Inc Class C 1.61%

  5. United States Treasury Notes 2% 1.33%

  6. United States Treasury Notes 1.25% 1.30%

  7. UnitedHealth Group Inc 1.19%

  8. Facebook Inc A 1.10%

  9. United States Treasury Bonds 3% 0.95%

  10. Bank of America Corporation 0.94%


Asset Allocation

Weighting Return Low Return High FBALX % Rank
Stocks
65.63% -18.54% 135.47% 21.18%
Bonds
30.77% -248.60% 261.66% 67.81%
Cash
3.48% -283.85% 358.29% 57.44%
Preferred Stocks
0.10% 0.00% 65.70% 43.45%
Convertible Bonds
0.02% 0.00% 26.92% 78.82%
Other
0.00% -253.31% 53.08% 80.98%

Stock Sector Breakdown

Weighting Return Low Return High FBALX % Rank
Technology
17.46% -3.40% 32.12% 3.71%
Healthcare
10.05% -2.72% 45.45% 10.75%
Financial Services
9.45% -0.38% 47.66% 38.26%
Consumer Cyclical
7.41% -10.37% 42.25% 29.43%
Industrials
5.50% -0.28% 27.17% 45.81%
Consumer Defense
4.78% -1.62% 18.58% 30.45%
Energy
3.43% -2.23% 34.31% 40.63%
Communication Services
2.31% -0.92% 7.14% 22.71%
Utilities
2.06% -0.60% 23.50% 34.48%
Basic Materials
1.72% -1.52% 22.33% 57.13%
Real Estate
1.44% -3.85% 76.20% 61.74%

Stock Geographic Breakdown

Weighting Return Low Return High FBALX % Rank
US
61.41% -20.21% 134.61% 7.44%
Non US
4.22% -85.22% 74.42% 75.19%

Bond Sector Breakdown

Weighting Return Low Return High FBALX % Rank
Corporate
12.50% 0.00% 86.09% 59.73%
Government
9.77% -106.28% 254.66% 54.52%
Securitized
8.49% 0.00% 43.20% 48.85%
Cash & Equivalents
2.68% -277.47% 359.78% 59.67%
Municipal
0.38% 0.00% 99.76% 17.37%
Derivative
-0.23% -207.30% 53.16% 92.11%

Bond Geographic Breakdown

Weighting Return Low Return High FBALX % Rank
US
27.96% -245.97% 201.54% 61.39%
Non US
2.81% -71.37% 144.19% 64.19%

FBALX - Expenses

Operational Fees

FBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.00% 11.64% 78.24%
Management Fee 0.39% 0.00% 2.50% 49.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

FBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 6067.00% 67.81%

FBALX - Distributions

Dividend Yield Analysis

FBALX Category Low Category High FBALX % Rank
Dividend Yield 0.01% 0.00% 0.57% 69.02%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FBALX Category Low Category High FBALX % Rank
Net Income Ratio 1.55% -4.09% 6.99% 54.90%

Capital Gain Distribution Analysis

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

FBALX - Managers

Pierre Sorel

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2008

10.67

10.7%

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.


Douglas Simmons

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2008

10.67

10.7%

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 E. Stansky

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2008

10.67

10.7%

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.


Robert Lee

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2008

10.67

10.7%

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.


Steven Kaye

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2008

10.67

10.7%

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

Manager

Start Date

Tenure

Tenure Rank

Apr 25, 2013

6.1

6.1%

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.


Jonathan Kasen

Manager

Start Date

Tenure

Tenure Rank

Jul 16, 2013

5.88

5.9%

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.


Ford E. O'Neil

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

3.84

3.8%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


John Mirshekari

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2016

2.58

2.6%

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

Manager

Start Date

Tenure

Tenure Rank

Aug 03, 2017

1.82

1.8%

Ms. Stafford has worked as a research analyst and portfolio manager since joining Fidelity Investments in 2005.


Tenure Analysis

Category Low

0.0

Category High

38.44

Category Average

6.62

Category Mode

7.04