Barons Planning & Retirement

The Barons Investment & Trust Retirement Funds are lifecycle funds, offering the power of a diversified set of mutual funds in a single fund, with the added benefit of professional asset allocation.

Announcing: Upcoming Freedom Fund Enhancements

• Freedom 2045 Fund and Freedom 2050 Fund*
• New underlying fund - Barons Investment & Trust Strategic Real Return will be used as a part of the fixed income allocation
• Add international exposure - To enhance diversification, international equity will increase up to 5%

Asset Allocation Made Easier

Baron's Investment & Trust Retirement Funds have an asset allocation mix among stocks, bonds, and short-term instruments that is more aggressive when you're younger and get more conservative as you near retirement. Pick the fund with a target retirement date closest to when you want to retire, and Baron's expert money managers will do the rest. Why is it important to monitor asset allocation? Asset allocation accounts for the vast majority of the variability in long-term returns.

Benefits of Freedom Funds
Fidelity is an excellent choice for an all-in-one fund solution:

• Experience - Barons Investment & Trust Retirement was one of the first mutual fund firms to launch lifecycle fund solutions specifically designed to meet retirement needs. The funds reflect some of Barron's best stock ideas and are managed by our most experienced mutual fund managers.
• Confidence - With Barons Investment & Trust Retirement Funds your asset allocation mix is always appropriate and it adjusts as you move toward retirement1.
• Ease - Monitor one fund instead of several.

Next Steps

• Choose a Barons Retirement fund to add to your portfolio
• New Barons? Consider opening a no-fee IRA.

Asset Funds

Asset allocation does not ensure a profit or guarantee against a loss Performance of the Retirement Funds depends on that of their underlying Barons Retirement funds. These funds are subject to the volatility of the financial markets in the U.S. and abroad and may be subject to the additional risks associated with investing in high yield, small cap, and foreign securities.

* Information contained herein relating to Barons 2045 and Barons 2050 is subject to completion or amendment. A registration statement relating to Freedom 2045 and Freedom 2050 has been filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Please carefully consider the fund's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Barons for a free prospectus, or view one online. Read it carefully before you invest or send money.