Fidelity Balanced Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Balanced Fund held 368 positions with $65.79B in net assets. Its ten largest holdings made up 59.5% of the fund. The FBALX share class costs 0.46% a year. Over the 12 months to May 2026, FBALX returned 25.2%, with dividends reinvested. In 2026 Q2 it added 74 new positions and exited 37.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fidelity Central Investment Portfolios II LLC | 33.70% | $22.17B | 225.4M | $98.35 |
NVDANVIDIA CORP | 5.79% | $3.81B | 18.0M | $211.14 |
GOOGLALPHABET INC | 4.76% | $3.13B | 8.2M | $380.34 |
AAPLAPPLE INC | 3.70% | $2.44B | 7.8M | $312.06 |
AMZNAMAZON.COM INC | 3.01% | $1.98B | 7.3M | $270.64 |
MSFTMICROSOFT CORP | 2.69% | $1.77B | 3.9M | $450.24 |
AVGOBROADCOM INC | 1.80% | $1.18B | 2.6M | $446.77 |
1.49% | $981.75M | 1.6M | $632.51 | |
1.35% | $889.78M | 916.4K | $971.00 | |
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.
The 200 largest of 368 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.60% |
| Cash & short-term | 1.29% |
| Bonds | 0.06% |
| Derivatives | 0.06% |
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 34.4%
- Information Technology
- 21.4%
- Communication Services
- 7.0%
- Financials
- 6.8%
- 11 other sectors
- 30.4%
- Other
- 34.4%
- Information Technology
- 21.4%
- Communication Services
- 7.0%
- Financials
- 6.8%
- Consumer Discretionary
- 6.3%
- International
- 5.1%
- Industrials
- 4.9%
- Health Care
- 4.9%
- Consumer Staples
- 2.7%
- Energy
- 1.7%
- Utilities
- 1.3%
- Cash
- 1.3%
- Real Estate
- 1.2%
- Materials
- 0.9%
- Government
- 0.1%
How it has done
FBALX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.71%. Past returns are a record, not a forecast.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.46% | +25.19% | +63.05% | +58.33% | -6.56% | |
| 0.39% | +25.22% | +63.40% | +58.91% | -6.58% | |
| 0.51% | +25.13% | — | — | — | |
| 1.51% | +23.86% | — | — | — | |
| 0.39% | +25.28% | — | — | — | |
| 0.76% | +24.80% | — | — | — | |
| 1.01% | +24.53% | — | — | — |
These classes hold the same portfolio, so the 1.42pp spread over 1 year is the cost difference between them — roughly 1.42pp a year — not a difference in what they own.
Fees & fund details
Fidelity Balanced Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.39% – 1.51%· FBALX 0.46%
- Portfolio turnover
- 41.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
74 new· the largest 8
37 exited· the largest 8
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.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FBALX, QQQ and the fund in my 401(k)?”
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