Supplement to the

Fidelity® Balanced K6 Fund

October 30, 2023

Prospectus

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Laurie Mundt (Co-Portfolio Manager) has managed the fund since 2024.

It is expected that Ms. Reilly will transition off the fund effective on or about September 30, 2024.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Laurie Mundt is Co-Portfolio Manager of Fidelity® Balanced K6 Fund, which she has managed since 2024. She also manages other funds. Since joining Fidelity Investments in 2008, Ms. Mundt has worked as a research analyst and portfolio manager.

It is expected that Ms. Reilly will transition off the fund effective on or about September 30, 2024.

BAL-K6-PSTK-0324-108 1.9897416.108 March 8, 2024