Fidelity Freedom^® Index 2065 Fund : Investment Approach

• Fidelity Freedom^® Index Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when we expect investors to retire.
• Except for Fidelity Freedom^® Index Retirement Fund, each of the Funds seeks high total return until reaching its target retirement date; thereafter, each Fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.
• Except for Fidelity Freedom^® Index Retirement Fund, each Fund's asset allocation strategy becomes increasingly diversified as it approaches its target date – and beyond. Ultimately, the Funds are expected to merge with Fidelity Freedom Index Retirement Fund.
• The Funds employ a disciplined and time-tested investment process focused on helping investors achieve successful retirement outcomes by leveraging the depth and strength of Fidelity's investment research and resources.