Fidelity Advisor Balanced Fund
FAIOX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Dec 31, 1993
- CIK
- 0000722574
- Similar Companies
- Business
- Fidelity Advisor Balanced Fund (Class I: FAIOX) is a moderate allocation mutual fund that seeks both income and capital growth by investing approximately 60% of assets in stocks and other equity securities, primarily large-cap U.S. equities with limited international exposure, and the remainder in bonds and other debt securities, including lower-quality high yield debt securities; it maintains at least 25% of total assets in fixed-income senior securities, including debt securities and preferred stock, and engages in transactions that have a leveraging effect on the fund. The fund offers multiple share classes, including Class A (FBAOX), Class C (FBARX), Class M (FBAQX), Class I (FBAUX), and Class Z (FBAVX), each with varying expense ratios such as 0.52% net for Class I, and is part of Fidelity's broader asset allocation offerings managed by Fidelity Management & Research Company LLC. It targets investors seeking a balanced portfolio with diversified sector exposure, including significant allocations to information technology (33.88%), financials (14.32%), and communication services (10.97%), across domestic equities (60.82%), international equities (4.02%), bonds (35.37%), and minimal cash; portfolio turnover stands at 44% as of February 2025, with total assets under management exceeding $60 billion. Headquartered in Smithfield, Rhode Island, and managed under Fidelity Investments since its inception on November 6, 1986, the fund operates primarily in the U.S. market with global capabilities through its equity and fixed-income sleeves, serving individual and institutional investors via brokerage platforms. In recent developments, the fund launched new share classes A, C, M, I, and Z on October 18, 2024, with performance data prior to that date reflecting the historical returns of Fidelity Balanced Fund; portfolio management saw additions including Pranay Kirpalani and Christopher Lin in December 2024, Laurie Mundt in March 2024, and Nicola Stafford since August 2017, alongside long-term managers such as Steven Kaye and Pierre Sorel since September 2008.