Fidelity Income Replacement 2040 Fund

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Performance

The fund has returned 16.86 percent over the past year, 9.92 percent over the past three years, and 13.24 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 5.1%
1 Year 16.9%
3 Years (Annualized) 9.9%
5 Years (Annualized) 13.2%
10 Years (Annualized) N/A

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Summary

The investment seeks total return through a combination of current income and capital growth. The fund invests in a combination of underlying Fidelity equity funds, bond funds, and short-term funds using an asset allocation strategy designed to achieve a level of total return consistent with a payment strategy to be administered through the fund's horizon date, December 31, 2040. It allocates assets among underlying Fidelity Funds according to an asset allocation strategy that begins with a relatively more aggressive asset allocation and gradually shifts to a relatively more conservative asset allocation over the fund's time horizon.