Investment objective & strategy
As of Oct. 25, 2023 · prospectusObjective. Fidelity Advisor Balanced Fund seeks both income and growth of capital.
Strategy. 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 (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), when its outlook is neutral.Investing at least 25% of total assets in fixed-income senior securities.Investing in domestic and foreign issuers.With respect to the fund's equity investments, allocating the fund's assets across different market sectors (at present, communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities), using different Fidelity managers.With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both.Using fundamental analysis of factors such … 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 (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), when its outlook is neutral.Investing at least 25% of total assets in fixed-income senior securities.Investing in domestic and foreign issuers.With respect to the fund's equity investments, allocating the fund's assets across different market sectors (at present, communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities), using different Fidelity managers.With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Top holdings
As of Aug. 31, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity Investment Grade Bond Central Fund | — | $3.10B | 34.61% |
| MICROSOFT CORP | — | $474.25M | 5.30% |
| NVIDIA CORP | — | $415.61M | 4.64% |
| APPLE INC | — | $299.97M | 3.35% |
| AMAZON.COM INC | — | $240.98M | 2.69% |
| META PLATFORMS INC CL A | — | $173.84M | 1.94% |
| ALPHABET INC CL A | — | $154.74M | 1.73% |
| Fidelity Cash Central Fund | — | $142.87M | 1.60% |
| LILLY ELI and CO | — | $113.99M | 1.27% |
| EXXON MOBIL CORP | — | $98.35M | 1.10% |
Portfolio moves
May 31, 2024 → Aug 31, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| T. Rowe Price Equity Index 500 Portfolio | 47% | 0.39% |
| Strategic Advisers Large Cap Fund · FALCX | 46% | 0.24% |
| Large Cap Equity Fund · TLGUX | 45% | 0.47% |
Footnotes
- Expense ratio as of March 1, 2024, from the fund's prospectus.
- Net assets and holdings count as of August 31, 2024, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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