The fund invests in a diversified mix of equity and fixed-income securities from global issuers. The holdings include six Fidelity funds: Large Cap MultiAsset, Greater Canada, Global Innovators, Global Value Long/Short, Multi-Sector Bond Hedged Multi-Asset Base, and Strategy Income Fund. The Fund follows a neutral mix guideline but can adjust asset allocations based on market conditions to optimize returns. The equity portion employs a blend of investment styles, including value, contrarian, and growth styles to mitigate downside risk and reduce volatility. When selecting securities, the portfolio management teams consider various factors, including financial condition, industry position, market conditions, earnings outlook, and management quality. Lastly, investments include high-yield and investment-grade fixed-income securities, companies of any size, including private and distressed companies globally. When using a fund-of-funds wrapper, total fees should be accounted for.