Fidelity Balanced (FBALX)
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average rating: 4.00 / 4 ratings
DESCRIPTION:

Date updated:12-08-2007

“Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral. Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock.) Investing in domestic and foreign issuers. With respect to equity investments, emphasizing above-average income-producing equity securities, which tends to lead to investments in stocks that have more 'value' characteristics than 'growth' characteristics. Analyzing an issuer using fundamental factors and evaluating each security's current price relative to estimated long-term value to select investments.”

Morningstar gives the fund 5 stars.

Current Returns:

1-Year: 9.74%
3-Year: 11.98%
5-Year: 13.91%

In its 2007 Fund Survey, Forbes Magazine picked this fund as one of its “Best Buys” for a Balanced Fund in 2007, using various criteria such as fund expenses, diversification and returns.

Note: The fund's fixed income holdings are not listed here.

As of 10/31/07

symbol name last price % change open
  • +
  • NOV
    Natl Oilwell Varc
  • $61.86
  • -0.66%
  • $62.14

No Analysis added

People owning NOV also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: A- What is this?

  • +
  • T
    At&t Inc.
  • $31.50
  • -0.25%
  • $31.36

No Analysis added

People owning T also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: B What is this?

  • +
  • VLO
    Valero Energy Cp
  • $33.38
  • -0.86%
  • $33.49

No Analysis added

People owning VLO also tend to own: BZHGSFMCFSWNWHTASHATG

TheStreet.com Rating: C What is this?

  • +
  • C
    Citigroup Inc
  • $19.07
  • +4.21%
  • $18.05

No Analysis added

People owning C also tend to own: AIGBACPWRDISFWLTGSHAL

TheStreet.com Rating: C- What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $39.60
  • +4.46%
  • $37.50

No Analysis added

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • BAC
    Bk Of America Cp
  • $32.23
  • +5.33%
  • $30.08

No Analysis added

People owning BAC also tend to own: AAPLGOOGINTCMSFTRACKCFCASH

TheStreet.com Rating: C What is this?

  • +
  • AIG
    Amer Intl Group I
  • $22.34
  • +5.28%
  • $20.33

No Analysis added

People owning AIG also tend to own: AAIBMINTCJNJJPMKOMSFT

TheStreet.com Rating: D+ What is this?

  • +
  • NRG
    Nrg Energy Inc
  • $34.04
  • -0.41%
  • $34.27

No Analysis added

People owning NRG also tend to own: AMRCBTCNQDCPGERIGRIO

TheStreet.com Rating: C+ What is this?

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Portfolio not tracked!

02/14/2007 15:51 PM CST Asked by magician
The return on this fund is reasonably good, but the diversification could certainly be improved; it's hard to imagine why Morningstar would give it a 5-star rating or Forbes would call it a Best Buy. (Maybe that's just an editorial on how poorly diversified other mutual funds are.) Over the last five years 5 of the 13 securities listed would have provided no useful - i.e., risk-lowering - diversification in any portfolio containing the other 8 securities; in short, this fund is overdiversified.

I've e-mailed Forbes to discuss their analysis of this fund. It should be an interesting talk.

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