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Fidelity® Balanced Fund

  • Symbol: FBALX
  • No Transaction Fee No Transaction Fee 1
  • Fidelity Fund Pick Fidelity Fund Pick  2

Morningstar® Snapshot*

AS OF 3/31/2016; MORNINGSTAR CATEGORY: Allocation--50% to 70% Equity
Returns 5 out of 5, High Returns
Expenses 1 out of 5, Low Fees
Risk of this Category Category Risk Rating:5, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


 3 More Information
AS OF 4/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
YTD (Daily)* +1.73% 1 Yr -0.80% 3 Yr +8.07% 5 Yr +7.78% 10 Yr +5.95%
*AS OF 5/2/2016; Value is cumulative

Hypothetical Growth of $10,000

 4, 5 More Information
AS OF 4/30/2016; MORNINGSTAR CATEGORY: Allocation--50% to 70% Equity
Shows growth of hypothetical $10,000 investment in Fidelity® Balanced Fund compared to S&P 500,Fid Bal Hybrid Comp Idx,Allocation--50% to 70% Equity over the selected time period
Fidelity® Balanced Fund
Allocation--50% to 70% Equity

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 11.65% 8.99% -31.31% 28.05% 13.76% 1.68% 12.90% 20.50% 10.37% 0.41% 1.30%
Benchmark-2 12.96% 4.13% -21.51% 18.40% 12.13% 4.69% 11.31% 17.56% 10.62% 1.28% 2.50%
+/- Benchmark-2 -1.31% 4.86% -9.80% 9.65% 1.63% -3.01% 1.59% 2.94% -0.25% -0.87% -1.20%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Douglas Simmons since 9/9/2008 Pierre Sorel since 9/9/2008 Robert A Lee since 9/9/2008 Robert E Stansky since 9/9/2008 Steven Kaye since 9/9/2008 Tobias W Welo since 11/1/2011 Brian Lempel since 4/10/2013 Jonathan S Kasen since 6/29/2013 Mahantesh Kori since 6/29/2013 Ford E O'Neil since 7/27/2015 Peter H Dixon since 10/31/2015

Fund Overview


Seeks income and capital growth consistent with reasonable risk.


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, when its outlook is neutral. Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock.) Engaging in transactions that have a leveraging effect on the fund.


Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Leverage can increase market exposure and magnify investment risk.

Additional Disclosures

This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.


More Information
Morningstar Category
Allocation--50% to 70% Equity
Fund Inception
Glossary definition opens in new window.Exp Ratio (Gross)
($5.60 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($5.60 per $1000)
Minimum to Invest 6
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)
12 Month Low-High
$19.40 - $23.68

Asset Allocation

 8, 9, 10, 11 More Information
AS OF 3/31/2016
Asset Allocation
Domestic Equities 58.26%
International Equities 5.31%
Developed Markets 4.88%
Emerging Markets 0.43%
Tax-Advantaged Domiciles 0.00%
Bonds 34.08%
Cash & Net Other Assets 2.35%

Quarter-End Average Annual Total Returns

 4, 3 More Information
AS OF 3/31/2016; FUND INCEPTION 11/6/1986 Glossary definition opens in new window.

0.56% AS OF 10/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity® Balanced Fund -1.70% 8.07% 8.05% 5.98% 9.11%
S&P 500 1.78% 11.82% 11.58% 7.01% 9.93%
Fid Bal Hybrid Comp Idx 2.09% 8.18% 8.61% 6.40% 9.02%
Allocation--50% to 70% Equity -2.85% 5.22% 5.88% 4.95% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity® Balanced Fund -3.65% 5.73% 6.50% 4.69% --
Allocation--50% to 70% Equity -5.55% 3.27% 4.38% 3.64% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity® Balanced Fund 0.17% 5.81% 6.07% 4.52% --
Allocation--50% to 70% Equity -1.65% 3.35% 4.09% 3.50% --

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. The funds on the Fund Picks From Fidelity list are selected based on certain selection criteria. Fund Picks From Fidelity is not a personalized recommendation or endorsement of any fund for an investor's individual circumstances.

3. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

4. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

5. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

6. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

7. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

8. The percent of net assets invested in both domestic and foreign Equities (common stocks, preferred stocks, rights and warrants, convertible preferred stocks and stock index futures and options), Bond (all debt instruments, including investment grade, non-investment grade, non-rated securities and convertible bonds), and Cash & Net Other Assets (cash, repurchase agreements, receivables and payables).

9. Net Other Assets can include fund receivables, fund payables, and offsets to other derivative positions, as well as certain assets that do not fall into any of the Portfolio Composition categories. Depending on the extent to which the fund invests in derivatives and the number of positions that are held for future settlement, Net Other Assets can be a negative number.

10. "Tax-Advantaged Domiciles" represent countries whose tax policies may be favorable for company incorporation.

11. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. The Top Ten holdings do not include money market instruments or futures contracts, if any. Depository receipts are normally combined with the underlying security. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment option reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section in addition to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component equals (or rounds to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Allocation--50% to 70% Equity
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