Description

The fund strategically diversifies its investments across a selection of Fidelity offerings, specifically including domestic and international stock funds, fixed-income funds, and short-duration investment vehicles. Under the guidance of its adviser, the fund adheres to a predetermined, evolving asset allocation strategy, often referred to as a "glide path," which dynamically shifts its holdings over time. This approach is designed to gradually transition the fund's portfolio until it achieves an allocation comparable to that of the Fidelity Freedom Income Fund, a state anticipated approximately 10 to 19 years beyond the year 2065.