Morningstar

Fidelity Balanced Fund - Class K FBAKX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 35.06  /  +0.52 %
  • Total Assets 66.0B
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.390%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Status Open
  • TTM Yield 1.58%
  • Turnover 41%

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 4:51 AM GMT+0

Morningstar’s Analysis FBAKX

Will FBAKX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBAKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FBAKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FBAKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An active 60/40 fund worth considering.

Senior Analyst Hyunmin Kim

Hyunmin Kim

Senior Analyst

Summary

An ever-shifting, yet potent group of stock-pickers and bond-fund managers support Fidelity Balanced. Strong security selection, combined with an improved allocation framework, earns the fund a Process rating upgrade to Above Average.

by Hyunmin Kim
Rated on Published on

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Portfolio Holdings FBAKX

More FBAKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

5.72 4B
Technology

Alphabet Inc Class A

5.18 3B
Communication Services

Apple Inc

3.76 2B
Technology

Amazon.com Inc

3.09 2B
Consumer Cyclical

Microsoft Corp

2.81 2B
Technology

Broadcom Inc

1.70 1B
Technology

Meta Platforms Inc Class A

1.51 962M
Communication Services

Fidelity Cash Central Fund

1.49 949M
Cash and Equivalents

United States Treasury Notes 0.04%

1.25 799M
Government

United States Treasury Notes 0.0425%

1.19 761M
Government

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