Fidelity Balanced Fund
Fidelity Puritan Trust · Series S000007151 · 7 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity Balanced Fund seeks both income and capital growth.
The fund allocates approximately 60% of assets to stocks across market sectors using multiple managers and both growth and value approaches, and the remainder to bonds including high-yield debt securities, with at least 25% in fixed-income senior securities. Security selection relies on fundamental analysis of financial condition, industry position, and market conditions for both domestic and foreign issuers. Because the fund's equity and fixed-income allocations shift with the manager's market outlook, the fund's sector and credit exposures will vary over time.
| Share class | Expense ratio |
|---|---|
| FBALX | 0.46% |
| FBAKX | 0.39% |
| FBAUX | 0.51% |
| FBARX | 1.51% |
| FBAVX | 0.39% |
| FBAOX | 0.76% |
| FBAQX | 1.01% |
Portfolio turnover 41.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 98.42% |
| Cash & short-term | 1.39% |
| Bonds | 0.07% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
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Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Fidelity Central Investment Portfolios II LLC | 34.99% | $21.76B | 215.8M |
| NVDA | NVIDIA CORPNVDA | 5.09% | $3.17B | 17.9M |
| GOOGL | ALPHABET INCGOOGL | 4.68% | $2.91B | 9.3M |
| AAPL | APPLE INCAAPL | 4.00% | $2.49B | 9.4M |
| MSFT | MICROSOFT CORPMSFT | 2.99% | $1.86B | 4.7M |
| AMZN | AMAZON.COM INCAMZN | 2.52% | $1.57B | 7.5M |
| META | META PLATFORMS INCMETA | 1.64% | $1.02B | 1.6M |
| AVGO | BROADCOM INCAVGO | 1.33% | $826.47M | 2.6M |
| — | Fidelity Revere Street Trust | 1.33% | $826.30M | — |
| MA | MASTERCARD INCMA | 1.18% | $732.26M | 1.4M |
Top 10 positions are 59.74% of net assets, top 25 69.37%, across 319 issuers.
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