Is Fidelity Balanced Fund K (FBAKX) a Good Mutual Fund Choice Now

Boston: If you’re diving into the Allocation Balanced fund category, Fidelity Balanced Fund K (FBAKX) might catch your eye. It has a Zacks Mutual Fund Rank of 1, which is a strong buy. This ranking is based on factors like size, cost, and past performance.

FBAKX is all about balance. It invests in a mix of stocks, bonds, and cash, giving you a diversified portfolio. This fund has been around since May 2008 and has gathered about $8.83 billion in assets. A team of investment pros manages it, so you know it’s in good hands.

When it comes to performance, FBAKX shines with a 5-year annualized total return of 10.91%, placing it in the top third of its peers. Even if you look at the 3-year return of 4.97%, it still holds a strong position. Just keep in mind that returns can be affected by fees, which aren’t always included in the total.

Now, let’s talk about volatility. FBAKX has a standard deviation of 13.62% over the past three years, which is a bit higher than the category average. This means it can be more volatile than some of its peers. But on the bright side, it has a 5-year beta of 0.77, suggesting it’s less volatile than the overall market.

Costs matter too. FBAKX is a no-load fund with an expense ratio of 0.40%, which is lower than the category average of 0.89%. Plus, there’s no minimum investment required, making it accessible for many investors.

In summary, Fidelity Balanced Fund K (FBAKX) has a solid Zacks Mutual Fund rank, decent performance, manageable risk, and lower fees. It looks like a promising option for investors right now. If you want to dig deeper into FBAKX or other funds, check out Zacks.com for more info.