BALANCED FUNDS
Fidelity Puritan® Fund
Fund Code: 0004
what it is: A balanced mutual fund.
goal: Seeks to provide income and capital growth consistent with reasonable risk.
what it invests in: Normally invests approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when it’s outlook is neutral. Investments in lower-rated securities involve greater risk than other debt securities, including the risk of default. The fund will invest at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stocks). The fund may invest in securities of domestic and foreign issuers.
who might want to invest: Someone who wants to invest in a fund that selects both stocks and bonds.
Someone who wants the potential of both income and long-term growth and who is willing to ride out the fluctuations of the stock market for the potential of a higher return.
