Fidelity Managed Retirement 2010 Fund

This fund aims to deliver total returns, encompassing both current income and capital appreciation, up to its designated target date. It allocates capital across a diversified selection of Fidelity-branded investment vehicles, including domestic and international equity funds, fixed-income funds, and short-duration instruments. This diversified strategy is designed to facilitate a withdrawal plan that provides income to investors during their retirement years. The portfolio manager employs a predetermined and balanced approach to asset allocation.