Description

The Fidelity Freedom Blend 2060 Fund primarily directs its capital into a varied portfolio of other Fidelity offerings, encompassing U.S. and international stock funds, bond funds, and short-term investment vehicles. The fund's adviser employs a dynamic, neutral asset allocation strategy that progressively adjusts the portfolio's composition. This gradual shift is designed to ultimately align the fund's asset mix with that of the Fidelity Freedom® Blend Income Fund, a state expected to be achieved roughly 10 to 19 years beyond the year 2060.