Fidelity Select 50 Balanced Fund PI Accumulation Shares

The Fidelity Select 50 Balanced Fund primarily invests at least 70% in various investment funds managed by Fidelity and others. It dynamically allocates between income assets like bonds and cash, which make up 20% to 100% of the portfolio, and growth assets such as stocks, accounting for 0% to 65%. Additionally, the fund includes other investments like derivatives and cash to manage risk and seek additional returns. This active management aims to balance income generation and growth opportunities over a 5-7 year period.