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for the investor in retirement. The year in most conservative allocation in their target
the investment option name refers to the date year. Investors should consider their own
approximate year an investor in the option personal risk tolerance, circumstances and
would plan to retire and likely would stop financial situation. These options should not be
making new contributions to the investment selected solely on a single factor such as age or
option. However, investors may choose a date retirement date. Please consult the prospectus
other than their presumed retirement date to (if applicable) pertaining to the options to
be more conservative or aggressive depending determine if their glide path is consistent
on their own risk tolerance. with your long-term financial plan. Target
retirement date investment options’ stated
Target retirement date (lifecycle) investment
asset allocation may be subject to change. A
options are designed for participants who
target retirement date investment option may
plan to withdraw the value of their accounts
not achieve its objective and/or you could lose
gradually after retirement. Each of these
money on your investment in the fund. You
options follows its own asset allocation
may experience losses near, at, or after the
path (“glide path”) to progressively reduce
target date. There is no guarantee of the fund’s
its equity exposure and become more
principal value, including at the target date, or
conservative over time. Options may not
that the fund will provide adequate income at
reach their most conservative allocation until
and through your retirement.
after their target date. Others may reach their
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