Fact Sheet

OVERVIEW

Life cycle funds invest in a variety of asset classes - such as stocks, bonds and cash - and are regularly rebalanced to increase investors' chances of meeting long-term investing goals. Life cycle funds are growing in popularity with employers sponsoring workplace retirement savings plans, employees participating in these plans and individual investors.

WHO THEY ARE FOR

Life cycle funds may be ideal for workers who struggle with asset allocation and have neither the time nor the inclination to actively manage their workplace retirement savings accounts. The funds may also be suitable for do-it-yourself investors managing personal investments earmarked for retirement, as well as for those working with advisors who want a single diversified fund that is managed based on a specific timeframe.

HOW THEY WORK

Life cycle funds combine active management, constant monitoring and sophisticated rebalancing to create a predetermined asset allocation strategy that becomes more conservative as the fund's retirement date approaches. Because life cycle funds handle the key elements of portfolio management, including regular rebalancing and systematic review of holdings, they enable investors to delegate responsibility for managing their long-term assets. These funds are subject to the volatility of financial markets in the U.S. and abroad and may be subject to the additional risks associated with investing in high-yield, small cap and foreign securities.

FIDELITY FREEDOM FUNDS

Fidelity Investments offers life cycle funds in its family of Freedom Funds^® with target dates ranging forward as far as 2040. Freedom Funds are diversified and regularly rebalanced by professional money managers selecting from stock, bond and money market asset classes. Investors simply choose a fund based on the year they hope to retire. The following Freedom Funds are managed to target retirement dates, which are indicated on the name of the fund:

•		Freedom 2000
•		Freedom 2005
•		Freedom 2010
•		Freedom 2015
•		Freedom 2020
•		Freedom 2025
•		Freedom 2030
•		Freedom 2035
•		Freedom 2040

Visit www.Fidelity.com for more information about Fidelity Freedom Funds.

Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges and expenses. For this and other information, call or write to Fidelity for a free prospectus. Read it carefully before you invest.

Strategic Advisors, Inc., a subsidiary of FMR Corp., manages the Fidelity Freedom Funds.

Fidelity Employer Services Company, LLC. Defined contribution products and services offered by Fidelity Investments Institutional Services Company, Inc. 82 Devonshire Street, Boston, MA 2109