Fidelity Managed Retirement 2025 Fund

This investment vehicle aims to deliver a comprehensive total return until its specified target date, generating both regular income and capital appreciation. The fund diversifies its holdings across various Fidelity® mutual funds, including domestic and international stock portfolios, bond funds, and money market instruments. This strategic allocation is designed to facilitate a systematic withdrawal strategy, thereby providing investors with a steady income stream during their retirement. The portfolio's assets are managed using a disciplined, neutral asset allocation methodology.