# Fidelity Balanced Fund (FBALX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fbalx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Thematic · Inception: 1986-11-06 The Fidelity Balanced Fund typically allocates approximately 60% of its holdings to equity instruments, such as common stocks, with the balance invested in various fixed-income securities. During periods when the fund's market outlook is deemed neutral, its debt portfolio may incorporate lower-rated obligations, also known as sub-investment-grade, high-yield, or "junk" bonds. A fundamental component of its strategy is to commit at least 25% of its total assets to senior fixed-income instruments. ## Key Facts | Metric | Value | |---|---| | Price | $32.29 | | Expense Ratio | 0.46% | | Assets Under Management | $64.84B | | NAV | $32.29 | | Holdings Count | — | | Distribution Yield (TTM) | 11.57% | | Annual Distribution (TTM) | $3.74 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $30.94 – $35.91 | | Beta | 0.97 | ## Latest Distribution - Amount: $3.0090 /share - Ex-date: 2026-10-09 - Pay date: 2026-10-12 ## Frequently Asked Questions ### What does FBALX invest in? The Fidelity Balanced Fund typically allocates approximately 60% of its holdings to equity instruments, such as common stocks, with the balance invested in various fixed-income securities. During periods when the fund's market outlook is deemed neutral, its debt portfolio may incorporate lower-rated obligations, also known as sub-investment-grade, high-yield, or "junk" bonds. A fundamental component of its strategy is to commit at least 25% of its total assets to senior fixed-income instruments. ### What is the expense ratio of FBALX? Fidelity Balanced Fund (FBALX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FBALX? Fidelity Balanced Fund (FBALX) manages $64.84B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FBALX actively managed or an index fund? FBALX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FBALX launched? Fidelity Balanced Fund (FBALX) launched in November 1986 and is managed by Fidelity. ### How has FBALX performed? FBALX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FBALX pay a dividend? Fidelity Balanced Fund (FBALX) currently distributes little or no income. Trailing-twelve-month yield is 11.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FBALX pay dividends? Fidelity Balanced Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FBALX's dividend yield? FBALX's trailing-twelve-month yield is 11.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is FBALX's next ex-dividend date? The most recently announced ex-dividend date for FBALX was 2026-10-09. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FBALX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.46% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FBALX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FBALX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FBALX cost more than a fund like VOO? FBALX's strategy (current expense ratio 0.46%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FBALX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FBALX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FBALX (0.46%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fbalx - Distribution history: https://www.dividenddata.com/funds/fbalx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fbalx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fbalx/expenses - Peer comparison: https://www.dividenddata.com/funds/fbalx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.