Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity VIP Freedom Income Service 2 Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 145 Target-Date Retirement Funds Morningstar® Style Box™ What is this? As of 2024-02-29 As of 2024-02-29 Total Fund Assets ($ Mil) 69.98 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks high total return with a secondary objective of principal preservation. The fund invests primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds). The adviser allocates assets according to a stable neutral asset allocation strategy.

Morningstar Category: Target-Date Retirement Retirement income portfolios provide a mix of stocks, bonds, and cash for those investors already in or entering retirement. These portfolios tend to be managed to more of a conservative asset-allocation strategy. These portfolios aim to provide investors with steady income throughout retirement.

Investment Risks Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 7.4 Non-U.S. Stocks 11.8 Bonds 64.9 Cash 15.7 Other 0.3 Data through 2024-02-29 Morningstar Equity Sectors % of Stocks Cyclical 36.05 Basic Materials 6.74 Consumer Cyclical 10.63 Financial Services 17.62 Real Estate 1.06 Sensitive 46.70 Communication Services 5.49 Energy 3.24 Industrials 15.19 Technology 22.78 Defensive 17.24 Consumer Defensive 4.70 Healthcare 11.55 Utilities 0.99 Data through 2024-02-29 Morningstar Fixed-Income Sectors % Fund Government 55.71 Corporate 14.50 Securitized 15.70 Municipal 0.07 Cash & Equivalents 13.98 Derivative 0.04 Data through 2024-02-29 Credit Analysis % Bonds AAA 81.19 AA 3.08 A 7.78 BBB 9.52 BB 1.16 B 1.04 Below B 0.32 Not Rated -4.09 Data through 2024-02-29 Holding Status Total Number of Stock Holdings 0 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 95.78 Turnover % (as of 2023-12-31) 40.00 30 Day SEC Yield % --- Top Holdings Sector Country Maturity Date Market Value ($000) % of Net Assets Fidelity VIP Investment Grd Bd II Initl --- USA --- 26,778 38.33 Fidelity VIP Government MMKT Initial --- USA --- 12,020 17.20 Fidelity Inflation-Prot Bd Index --- USA --- 11,843 16.95 Fidelity VIP Overseas Initial --- USA --- 5,196 7.44 Fidelity VIP Emerging Markets Initial --- USA --- 3,488 4.99 Fidelity Long-Term Trs Bd Index --- USA --- 1,958 2.80 Fidelity International Bond Index --- USA --- 1,774 2.54 Fidelity VIP Growth Initial --- USA --- 1,601 2.29 Fidelity VIP High Income Initial --- USA --- 1,152 1.65 Fidelity VIP Growth & Income Initial --- USA --- 1,113 1.59 Data through 2024-02-29

Principal Risks    Inflation-Protected Securities, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Income, Index Correlation/Tracking Error, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds, Leverage, Management, Passive Management, Target Date Show Risk Definitions

Other Information Inception Date: 2005-04-26 Portfolio Manager(s) Andrew J Dierdorf   (2011-06-30) Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager. Brett F. Sumsion   (2014-01-21) Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder. Investment Advisor(s) Fidelity Management & Research Company LLC Issuer Fidelity Investments Subadvisor(s) ---

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