FBALX – Fund Analysis – Fidelity Balanced | Morningstar

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Will FBALX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBALX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the FBALX 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 FBALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An active 60/40 fund worth considering.

Senior Analyst Hyunmin Kim

Hyunmin Kim

Senior Analyst

Summary

An ever-shifting, yet potent group of stock-pickers and bond-fund managers support Fidelity Balanced. Strong security selection, combined with an improved allocation framework, earns the fund a Process rating upgrade to Above Average.

by Hyunmin Kim

Rated on Apr 25, 2026 Published on Apr 25, 2026

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