Fidelity Balanced Fund
Fidelity Puritan Trust · Series S000007151 · 7 share classes
data updated 2026-09-08
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 Q2
| Stocks | 98.60% |
| Cash & short-term | 1.29% |
| Bonds | 0.06% |
| Derivatives | 0.06% |
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 Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +25.89% | +57.96% | +53.83% | 9.83% | -6.56% | |
| +25.93% | +58.30% | +54.40% | 9.84% | -6.58% | |
| +25.78% | — | — | 9.82% | — | |
| +24.56% | — | — | 9.81% | — | |
| +26.01% | — | — | 9.82% | — | |
| +25.47% | — | — | 9.80% | — | |
| +25.20% | — | — | 9.82% | — |
These classes hold the same portfolio, so the 1.45pp spread over 1 year is the cost difference between them — roughly 1.45pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Fidelity Central Investment Portfolios II LLC | 33.70% | $98.35 | $22.17B | 225.4M |
| NVDA | NVIDIA CORPNVDA | 5.79% | $211.14 | $3.81B | 18.0M |
| GOOGL | ALPHABET INCGOOGL | 4.76% | $380.34 | $3.13B | 8.2M |
| AAPL | APPLE INCAAPL | 3.70% | $312.06 | $2.44B | 7.8M |
| AMZN | AMAZON.COM INCAMZN | 3.01% | $270.64 | $1.98B | 7.3M |
| MSFT | MICROSOFT CORPMSFT | 2.69% | $450.24 | $1.77B | 3.9M |
| AVGO | BROADCOM INCAVGO | 1.80% | $446.77 | $1.18B | 2.6M |
| META | META PLATFORMS INCMETA | 1.49% | $632.51 | $981.75M | 1.6M |
| MU | MICRON TECHNOLOGY INCMU | 1.35% | $971.00 | $889.78M | 916.4K |
| — | Fidelity Revere Street Trust | 1.20% | — | $789.19M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 59.47% of net assets, top 25 69.39%, across 352 issuers.
See more of this fund's book
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