Description

This investment vehicle is designed to deliver substantial total returns leading up to its target retirement date. Once that date is reached, its strategy shifts to prioritize high current income, with capital appreciation becoming a secondary objective. The fund achieves this by investing in a diversified mix of underlying Fidelity index funds, which include U.S. and international stock funds, bond funds, and short-term funds. Apart from any money market funds, each of these underlying components aims to replicate the total return performance of a specific market index.