Fidelity Advisor Balanced Fund Class Z
FZAAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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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
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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
- Aug 20, 2013
- CIK
- 0000722574
- Similar Companies
- Business
- Fidelity Advisor Balanced Fund Class Z (FZAAX) is a share class of Fidelity Balanced Fund, a mutual fund that seeks both income and capital growth by investing approximately 60% of assets in stocks and other equity securities, including domestic and international equities across large-, mid-, and small-cap companies in sectors such as information technology, financials, communication services, consumer discretionary, health care, industrials, consumer staples, energy, utilities, real estate, and materials; and the remainder in bonds and other debt securities, including lower-quality debt, with at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock). The fund engages in transactions that have a leveraging effect and maintains a diversified portfolio with a turnover rate of 44% as of February 2025, a duration of 5.59 years, and asset allocation typically comprising 60.82% domestic equities, 4.02% international equities (2.45% developed markets, 1.57% emerging markets), 35.37% bonds, and minimal cash/net other assets. It targets moderate allocation investors seeking balanced risk through a blend of growth and income strategies, with a 30-day SEC yield of 1.82% for Class Z as of September 30, 2025. Fidelity Balanced Fund, of which Class Z (CUSIP 316345693, symbol FBAVX; note FZAAX references the same strategy) is a component available only to eligible investors, traces its inception to November 6, 1986, with portfolio assets of approximately $60.3 billion as of September 2025; it operates under Fidelity Management & Research Company LLC, part of Fidelity Investments, headquartered in Boston, Massachusetts, a firm founded in 1946 with global operations across investment management, brokerage, and retirement services. Recent portfolio management changes include the addition of Matthew Reed and Samuel Wald effective November 18, 2025, to co-manage the financials and real estate sleeves alongside Pierre Sorel, who transitioned to chief investment officer of Fidelity Asset Management Solutions effective December 29, 2025, while remaining a co-manager until February 1, 2026; earlier in December 2024, Pranay Kirpalani and Christopher Lin assumed co-management roles succeeding Douglas Simmons and Ali Khan, respectively, with Matt Drukker departing at year-end, reflecting Fidelity's strategy to maintain continuity with experienced sector specialists amid typical team evolution. The fund's multiple share classes (A: FBAOX, C: FBARX, M: FBAQX, I: FBAUX, Z: FBAVX) launched initial offerings on October 18, 2024, building on the core Fidelity Balanced Fund's history, with no reported mergers, acquisitions, or major strategic shifts specific to this fund in the past 1-2 years.