Fidelity Balanced Fund
FBAKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- May 15, 2008
- CIK
- 0000081205
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Balanced Fund (Class K) (FBAKX) is an open-end mutual fund managed by Fidelity Investments that seeks both income and capital growth by investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities (high yield or junk bonds); it invests at least 25% of total assets in fixed-income senior securities when its outlook is neutral. The fund targets a moderate allocation strategy within the Morningstar Moderate Allocation category, with a blend investment style for equities (large-cap focus) and high credit quality with moderate interest-rate sensitivity for bonds; its portfolio includes diversified holdings across sectors such as technology, financials, healthcare, and consumer discretionary, benchmarked against the S&P 500 Total Return Index and a proprietary Fidelity Balanced 60/40 Composite. Fidelity Investments, headquartered in Boston, Massachusetts, serves as the fund family, with the fund domiciled in the United States and available primarily to U.S. investors through retirement plans, institutional accounts, and brokerage platforms. The original Fidelity Balanced Fund portfolio was incepted on November 6, 1986, with the Class K share class launched on May 9, 2008; as of late 2025, portfolio assets exceed $60 billion across share classes, with a net expense ratio of 0.39%, a 44% turnover rate, and a 30-day SEC yield around 1.76%. Recent portfolio management enhancements include the addition of Christopher Lin and Pranay Kirpalani as co-managers effective December 5, 2024, bolstering the team's expertise alongside existing managers such as Pierre Sorel, Steven Kaye, Nicola Stafford, Ashley Fernandes, Priyanshu Bakshi, Chad Colman, and Laurie Mundt; performance reviews through Q2 2025 highlight sustained strong returns amid market volatility, with no reported major acquisitions, funding rounds, or strategic alliances specific to the fund in the last 1-2 years, though Fidelity Investments continues to emphasize diversification strategies across its broader mutual fund and ETF offerings.