Fidelity Advisor Balanced Fund Class M
FAIGX
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- Fidelity Advisor Balanced Fund Class M (FAIGX) is a mutual fund managed by Fidelity Investments that seeks both income and growth of capital by investing approximately 60% of assets in stocks and other equity securities, primarily large-cap U.S. stocks, and the remainder in bonds and other debt securities, including lower-quality debt securities; it offers a balanced portfolio suitable for investors pursuing a moderate-to-high risk/return profile with meaningful equity exposure and ongoing income. The fund targets diversified holdings across sectors such as health care, communication services, and financials, with portfolio assets exceeding $8 billion as of late 2024. It operates within the moderate allocation category, serving individual and institutional investors through various share classes. Launched in 1986 as part of the Fidelity Balanced Fund family (with Class M shares under ticker FAIGX), the fund is headquartered in Boston, Massachusetts, at Fidelity's principal offices and maintains global investment reach through U.S.-focused equities and fixed income. Fidelity Investments, the fund's sponsor and manager, provides operational support from facilities in Smithfield, Rhode Island. Recent performance for the fiscal year ending August 31, 2025, showed Class I shares gaining 11.22%, outperforming the Fidelity Balanced Hybrid Composite Index (a 60/40 blend of the S&P 500 and Bloomberg U.S. Aggregate Bond Index) at 10.79%; stocks in the portfolio advanced 16.19%, surpassing the S&P 500's 15.88%. Portfolio adjustments included adding First Horizon Corp., a Memphis-based regional bank benefiting from Federal Reserve asset cap relief in June 2025, reflecting active management amid market opportunities in financials. No major mergers, acquisitions, or strategic shifts specific to FAIGX were reported in 2024-2025, though Fidelity continued broader fund consolidation initiatives for efficiency.