Fidelity Balanced Fund - Class K (FBAKX)
| Fund Assets | 59.40B |
| Expense Ratio | 0.39% |
| Min. Investment | $0.00 |
| Turnover | 41.00% |
| Dividend (ttm) | 1.83 |
| Dividend Yield | 5.59% |
| Dividend Growth | 7.28% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Apr 1, 2026 |
| Previous Close | 32.66 |
| YTD Return | 1.68% |
| 1-Year Return | 23.09% |
| 5-Year Return | 47.87% |
| 52-Week Low | 27.03 |
| 52-Week High | 33.09 |
| Beta (5Y) | n/a |
| Holdings | 4720 |
| Inception Date | May 9, 2008 |
About FBAKX
Fidelity Balanced Fund Class K is a mutual fund designed to provide both income and capital growth through a diversified, actively managed portfolio. As a balanced fund, it generally allocates around 60% of its assets to equities—primarily large-cap U.S. and international stocks—and the remaining portion to bonds and other debt securities, including a mix of investment-grade and high-yield bonds. The fund is managed to maintain exposure to both growth opportunities in equities and the stability of fixed-income, with a minimum of 25% invested in fixed-income senior securities. This approach appeals to investors seeking a moderate risk profile and exposure to multiple asset classes in a single fund. With over $56 billion in assets under management, Fidelity Balanced Fund Class K is notable for its relatively low expense ratio of 0.39%, which is significantly below the average for its category. The fund distributes dividends quarterly and capital gains twice yearly, making it suitable for those interested in regular income streams. Its broad sector exposure and substantial asset base underscore its role as a core holding for retirement plans and diversified investment strategies.
Performance
FBAKX had a total return of 23.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.74%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWHGX | Schwab | Schwab MarketTrack Growth Portfolio™ | 0.49% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
28.62% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 5.43% |
| Alphabet Inc. | GOOGL | 5.04% |
| Apple Inc. | AAPL | 4.35% |
| Microsoft Corporation | MSFT | 3.72% |
| Amazon.com, Inc. | AMZN | 2.87% |
| Meta Platforms, Inc. | META | 1.83% |
| Broadcom Inc. | AVGO | 1.51% |
| Fidelity Cash Central Fund | n/a | 1.35% |
| United States Treasury Notes 4% | T.4 07.31.30 | 1.29% |
| Mastercard Incorporated | MA | 1.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2026 | $0.119 | Apr 2, 2026 |
| Dec 19, 2025 | $0.470 | Dec 22, 2025 |
| Oct 10, 2025 | $1.086 | Oct 13, 2025 |
| Jul 11, 2025 | $0.152 | Jul 14, 2025 |
| Apr 4, 2025 | $0.131 | Apr 7, 2025 |
| Dec 20, 2024 | $0.432 | Dec 23, 2024 |