On Jan. 18, 2022, Fidelity Investments announced that sleeve manager Brian Lempel had stepped off Fidelity Balanced's management roster and left the firm. As frequent sleeve manager turnover is already considered in the current ratings, this change does not affect the fund's Average People Pillar rating or its Morningstar Analyst Rating of Neutral.
Fidelity® Balanced K FBAKX
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FBAKX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBAKX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FBAKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FBAKX’s parent organization’s priorities and whether they’re in line with investors’ interests.
More Personnel Changes on Fidelity Balanced; Ratings Unchanged
