Fidelity Balanced Fund (FBALX)
Fidelity Balanced Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $35.73, up 0.28% on the session, giving a market capitalisation of $66.81B. Its beta of 0.97 implies it has historically moved less than the broad market.
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.
Fidelity Balanced Fund is most often compared with the following Financial Services names: