Table 1. Broad Asset Allocations Across Life Cycle Funds

Table 1. Broad Asset Allocations Across Life Cycle Funds
*AllianceBernstein Retirement Funds*
Retirement Date
	15 Yrs After	10 Yrs After	5 Yrs After	2005	2010	2015	2020	2025	2030	2035	2040	2045
U.S. Stocks (%)	17.5	24.5	31.5	38.5	43.5	48	53	58	63	63	63	63
International Stocks (%)	7.5	10.5	13.5	16.5	18.5	21	23	25	27	27	27	27
Real Estate (REITs) (%)	10	10	10	10	10	10	10	10	10	10	10	10
High-Yield Bonds (%)	0	2.5	5	7	7	7	7	5	0	0	0	0
High-Grade Bonds (%)	37.5	34.5	31	28	21	14	7	2	0	0	0	0
Cash and Short-Term Bonds (%)	27.5	18	9	0	0	0	0	0	0	0	0	0
Fidelity Freedom Funds*
Retirement Date
	Income	2000	2005	2010	2015	2020	2025	2030	2035	2040	2045	2050
U.S. Stocks (%)	20	27	40	40	47	55	58	66	66	68	69	70
International Stocks (%)	0	1	10	10	12	14	14	16	17	17	19	20
High-Yield Bonds (%)	5	3	5	5	6	7	8	8	8	10	10	10
High-Grade Bonds (%)	35	32	35	35	31	23	20	10	9	5	2	0
Cash and Short-Term Bonds (%)	40	37	11	10	5	0	0	0	0	0
*T. Rowe Price Retirement Funds*
Retirement Date
	Income	2005	2010	2015	2020	2025	2030	2035	2040	2045
U.S. Stocks (%)	37.5	50.5	57	62	67	72.5	78.5	78.5	78.5	78.5
International Stocks (%)	6	8	10	11	12	13	15	15	15	15
High-Yield Bonds (%)	6.5	7	7	7	7	6	3	3	3	3
High-Grade Bonds (%)	20	24.5	18	16	12.5	8.5	3.5	3.5	3.5	3.5
Cash and Short-Term Bonds (%)	30	10	8	4	1.5	0	0	0	0	0
Vanguard Target Retirement Funds**
Retirement Date
	Income	2005	2010	2015	2020	2025	2030	2035	2040	2045	2050
U.S. Stocks (%)	24	40	48	53.3	60	66	72	72	72	72	72
International Stocks (%)	6	10	12	13.4	15	16.5	18	18	18	18	18
High-Grade Bonds (%)	51	39	31	26.3	20	13.5	8	8	8	8	8
Cash and Short-Term Bonds (%)	19	11	9	7	5	4	2	2	2	2	2
"High-Grade Bonds" denotes investment grade or better bonds of intermediate-term or longer maturities. "Short-Term Bonds" denotes investment grade or better bonds of short-term maturities or short durations. The asset allocations are as of September 30, 2006, except for the Income Fund. We show the new target allocation for the latter, which the actual allocation was approaching. Numbers may not add up to 100 due to rounding. *Vanguard recommends its Total Bond Market Index Fund for the entire bond portfolio. The separation between short-term and longer-term bonds is based on the October 31, 2006, balance sheet with short-term bonds rounded to the nearest percent. This fund has 0.1% or negligible high-yield bonds.