On July 20, 2022, Fidelity announced that Christopher Lee will succeed longtime manager Robert Stansky on Fidelity Balanced and Fidelity Advisor Balanced at year-end. While replacing Stansky’s experience is a challenge, the strategy’s distinct sleeved approach limits the damage. Both strategies retain Morningstar Analyst Ratings of Neutral across all share classes, and their underlying People Pillar ratings remain Average.
Morningstar’s Fund Analysis FAIOX
Will FAIOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAIOX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FAIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FAIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.