Fidelity Balanced Fund Class K (FBAKX)

This fund generally allocates around 60% of its investments to stocks and other equity-related assets, with the remaining portion directed towards bonds and various debt instruments. When the market outlook is neutral, it may incorporate lower-rated debt, specifically those considered sub-investment grade, commonly referred to as high-yield or "junk" bonds. Additionally, at least 25% of the total assets are invested in senior fixed-income securities.