Description

This investment aims for significant overall growth until it reaches its target retirement year. Following that date, its primary objective transitions to generating a substantial stream of current income, with capital appreciation becoming a secondary goal. The fund achieves this by investing in a diversified mix of underlying Fidelity-branded portfolios, including those focused on U.S. equities, international stocks, bonds, and short-term holdings. Each of these component funds (excluding any money market allocations) is structured to mirror the comprehensive return performance of a particular market index.