Description

The Fidelity Freedom Blend 2065 Fund seeks to generate substantial overall returns until its designated retirement year of 2065. After this milestone, its primary objective shifts to providing a high level of current income, with capital growth becoming a secondary aim. The fund predominantly invests in a diverse array of underlying Fidelity mutual funds, including those focused on U.S. and international stocks, fixed income securities, and short-term holdings. The investment adviser implements a dynamic, neutral asset allocation strategy that gradually adjusts over time. This approach is designed to eventually mirror the asset composition of the Fidelity Freedom® Blend Income Fund, typically between 10 and 19 years after 2065.