Description

The fund primarily aims for significant overall investment growth until its target retirement date. Following that period, its objective transitions to generating a high level of current income, with capital appreciation becoming an ancillary goal. This portfolio achieves its aims by investing in a diversified mix of underlying Fidelity-managed funds, including U.S. and international stock funds, bond funds, and short-term holdings. Each of these component funds, excluding any money market allocations, is structured to mirror the total return performance of a specific market index.