Fidelity Asset Manager 50% (FASMX)

This fund strategically distributes its investments across three primary categories of assets. The first category, known as the stock class, includes various types of equity investments, such as company shares and other investment vehicles that focus on stocks. The second, or bond class, is made up of diverse fixed-income instruments designed to mature in over one year. This segment notably incorporates lower-rated debt instruments, commonly referred to as high-yield or "junk" bonds, along with funds that invest in these types of securities. Lastly, the short-term or money market class comprises fixed-income securities with maturities of one year or less.