FBALX — Fidelity Balanced Fund

Growth of $10,000 · 2011-08 – 2026-09 · dividends reinvested

About FBALX

Fidelity Balanced Fund is a moderate allocation mutual fund designed to provide both income and capital growth by investing in a diversified portfolio of stocks and bonds. The fund maintains a neutral allocation of approximately 60% in equities and 40% in fixed-income securities, though these ratios may be adjusted according to market outlooks. Its equity holdings are primarily focused on large-cap companies across a range of sectors, employing sector-neutral strategies and active stock selection to seek value opportunities. The fixed-income portion includes investment-grade bonds as well as a dedicated allocation to high-yield securities, aiming to enhance returns through strategic sector and security selection and yield-curve positioning. Managed by a team of dedicated portfolio managers, each specializing in particular asset classes or segments, Fidelity Balanced Fund combines deep research with disciplined portfolio construction. This approach enables consistent risk management and strives for attractive risk-adjusted returns over time. Since its inception in 1986, the fund has established a significant presence in the moderate allocation category, reflecting its role as a core holding for investors seeking a balance between growth and income in a single, professionally managed vehicle.