Fidelity Advisor Balanced Fund Class A

This fund aims to achieve a dual objective: generating current income while also fostering long-term capital appreciation. When the investment outlook is neutral, the portfolio typically allocates approximately 60% of its holdings to stocks and other equity-linked instruments. The remaining assets are invested in various debt securities, which may include lower-quality, non-investment-grade bonds, also known as high-yield or "junk" bonds. Furthermore, a minimum of 25% of the fund's total assets is consistently committed to senior fixed-income securities.