Fidelity Advisor Freedom^® 2070 Fund: Investment Approach

• Fidelity Advisor Freedom^® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
• Each of the Funds seeks high total return with a secondary objective of principal preservation as it approaches its target date and beyond.
• Except for Fidelity Advisor Freedom^® 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 Advisor Freedom^® 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.