The Fidelity Global Balanced Fund aims to provide a combination of capital growth and income while containing downside risk through its allocation to:
- Bonds versus stocks
- Government versus corporate issuers
- Higher versus lower credit-quality investments
- Issuers located in developed versus emerging markets
The Global Balanced Fund's general investment categories are represented by an index consisting of 60% world stocks and 40% world government bonds.
Securities issued in the United States, Canada, Europe, Japan and other developed economies represent the fund's core investments, and typically account for 80% or more of the fund's holdings. These are complemented by opportunistic investments in equity or debt securities from emerging markets issuers and non-investment-grade U.S. corporations.
The fund has significant unhedged non-U.S.-dollar exposure. One quarter or more of the fund's total assets are invested in senior fixed-income securities (including debt securities and preferred stock).