Fidelity Advisor Balanced Fund Class Z

Frequently Asked Questions About FZAAX

What does FZAAX invest in?

The Fidelity Advisor Balanced Fund Class Z has a dual objective: to generate both consistent income and long-term capital growth. When operating under a neutral market outlook, the fund typically allocates approximately 60% of its portfolio to stocks and other equity holdings. The remaining assets are then invested in a variety of bonds and other debt instruments, which can include lower-rated, non-investment-grade securities commonly known as high-yield or "junk" bonds. Furthermore, a minimum of 25% of the fund's total assets must be committed to fixed-income senior securities.

What is the expense ratio of FZAAX?

Fidelity Advisor Balanced Fund Class Z (FZAAX) charges an expense ratio of 0.41%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FZAAX?

Fidelity Advisor Balanced Fund Class Z (FZAAX) manages $4.56B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FZAAX actively managed or an index fund?

FZAAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FZAAX launched?

Fidelity Advisor Balanced Fund Class Z (FZAAX) launched in August 2013 and is managed by Fidelity.

How has FZAAX performed?

FZAAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.