Fund Description

The fund was incepted in December 1991. The Fidelity Group manages the fund. This domestic hybrid fund primarily invests in stocks. The main objective of this fund is to maximize total return over the long term by allocating 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 fluctuate around a neutral mix of 70% stocks (can range from 50-100%), 25% bonds (can range from 0-50%), and 5% short-term/money market (can range from 0-50%). The fund allocations are regularly reviewed and changes are made gradually to favor investments that it believes will provide the most favorable outlook for achieving the fund's objective. The fund offers dividends and capital gains, if any, annually in December.