Fund Description

The fund was incepted in September 1999. The Fidelity Group manages the fund. The main objective of this fund is to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments. The management allocates the fund's assets among domestic and foreign stocks, bonds, and short-term and money market investments. The fund's investments will normally maintain a neutral mix of 85% of assets in stocks (can range from 60%-100%) and 15% of assets in bonds and short-term and money market instruments (can range from 0%-40%). The management analyzes an issuer using fundamental and/or quantitative factors and evaluates each security's current price relative to estimated long-term value to select investments. The fund offers dividends annually in December and capital gains, if any, are distributed in December.