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Quick Guide to Fidelity Balanced Fund (FBALX)

Fidelity Balanced (FBALX) a Zacks Ranked #3 (Hold) seeks income and capital growth consistent with reasonable risk. FBALX invests in domestic and foreign issuers. FBALX invests approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities. FBALX at least 25% of total assets in fixed-income senior securities

This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth, Intermediate Bond. Further, as of the last filing, FID MORT BACKED SEC CTRL, FIDELITY HIGH INCOME and ALPHABET INC were the top holdings for FBALX.

The Fidelity Balanced fund, managed by Fidelity, carries an expense ratio of 0.55. Moreover, FBALX requires a minimal initial investment of $2,500.

FBALX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.07% and 5 year 8.05%. To see how this fund performed compared in its category, please click here.

FBALX’s performance, as of the last filing, when compared to funds in its category was in the top 36% in 1 year, top 5% over the past 3 years, and in the 10% over the past 5 years.

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