Description

The Fidelity Freedom 2060 Fund diversifies its investments across a selection of Fidelity's own underlying funds, including those focused on U.S. equities, international stocks, bonds, and short-term assets. The fund's adviser employs a systematic asset allocation strategy, often referred to as a 'glide path,' which gradually evolves over time. This approach is designed to transition the portfolio toward an asset mix mirroring that of the Fidelity Freedom Income Fund, a shift projected to occur approximately 10 to 19 years after 2060.