FBAVX Fees and Costs — Fidelity Balanced Fund, Class Z
Data updated: 2026-07-24
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8.1M in broker commissions, 0.0146% of average net assets, and portfolio turnover was 41%.
FBAVX Fees and Expenses
Annual operating expenses and sales charges of FBAVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FBAVX Costs Over Time
On $10,000 invested in FBAVX, assuming 5% a year before costs, total costs come to $256 over 5 years, cutting the return by 0.42% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $140 | $256 |
| Value after costs | $10,458 | $11,436 | $12,507 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
FBAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0146%
- Total broker commissions: $8.1M
- Bought from dealers (principal trades, not a cost): $340.7M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $73.0M
- Net income from securities lending: $208K (0.000% of average net assets)
FBAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $1.1M | 17.72% |
| BANK OF AMERICA CORPORATION | $1.1M | 16.40% |
| GOLDMAN SACHS GROUP INC (THE) | $974K | 15.12% |
| MORGAN STANLEY | $765K | 11.87% |
| UBS GROUP AG | $635K | 9.86% |
| CITIGROUP INC | $626K | 9.71% |
| BARCLAYS PLC | $459K | 7.12% |
| JEFFERIES FINANCIAL GROUP INC | $330K | 5.13% |
| ROYAL BANK OF CANADA | $245K | 3.80% |
| VIRTU FINANCIAL INC | $211K | 3.28% |
FBAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $52.2M | 15.71% |
| JPMORGAN CHASE and CO | $52.2M | 15.70% |
| THE TORONTO DOMINION BANK | $51.0M | 15.34% |
| MORGAN STANLEY | $41.1M | 12.37% |
| WELLS FARGO and CO | $40.5M | 12.19% |
| BANK OF AMERICA CORPORATION | $30.0M | 9.05% |
| BANK OF MONTREAL QUE | $22.2M | 6.67% |
| GOLDMAN SACHS GROUP INC (THE) | $21.9M | 6.60% |
| CITIGROUP INC | $13.3M | 3.99% |
| BARCLAYS PLC | $7.9M | 2.37% |
Fidelity Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FBAKX | Class K | 0.39% | — |
| FBAVX | Class Z | 0.39% | none |
| FBALX | Fidelity Balanced Fund | 0.46% | — |
| FBAUX | Class I | 0.51% | none |
| FBAOX | Class A | 0.76% | 5.75% |
| FBAQX | Class M | 1.01% | 3.50% |
| FBARX | Class C | 1.51% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.