FBALX: Fidelity® Balanced

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FBALX Fidelity® Balanced


Profile

FBALX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $35.7 B
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$25.27
$21.61
$25.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 10.5%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.82%
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
    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.


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Categories

Fund Company Quick Screens

FBALX - Fund Company Quick Screens


Performance

FBALX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


Holdings

FBALX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Microsoft Corp 3.31%
  2. Apple Inc 2.39%
  3. Amazon.com Inc 1.90%
  4. Alphabet Inc Class C 1.64%
  5. Facebook Inc A 1.50%
  6. Ginnie Mae 3.5% 30 Year 1.42%
  7. United States Treasury Bonds 3% 1.13%
  8. UnitedHealth Group Inc 1.08%
  9. Bank of America Corp 0.91%
  10. Capital One Financial Corp 0.86%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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%

Bond Sector Breakdown

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%

Bond Geographic Breakdown

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%

Expenses

FBALX - Expenses

Operational Fees

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

Sales Fees

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

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 60.00% 0.00% 1504.00% 60.26%

Distributions

FBALX - Distributions

Dividend Yield Analysis

FBALX Category Low Category High FBALX % Rank
Dividend Yield 0.37% 0.00% 9.23% 35.22%

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 1.82% -4.40% 6.65% 50.43%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FBALX - Fund Manager Analysis

Managers

Pierre Sorel


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.

Douglas Simmons


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.

Robert Stansky


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.

Steven Kaye


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.

Brian Lempel


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.

John Mirshekari


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.

Nicola Stafford


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.

Jody Simes


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.02 6.96 7.62