A strong lead manager and supporting firm resources set Fidelity Puritan apart from most moderate-allocation Morningstar Category peers. That said, the portfolio’s signature allocations introduce more volatility than investors typically expect from a balanced fund, which tempers our conviction.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPUKX’s performance objective and investment process is for both security selection and portfolio construction.
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