Description

The fund primarily allocates its assets across a diverse range of underlying Fidelity-managed portfolios, including U.S. and international stock funds, fixed-income products, and short-term instruments. Its investment adviser utilizes a dynamic, neutral asset allocation methodology that progressively adjusts its holdings. The ultimate aim of this strategy is to transition the portfolio's composition to closely align with that of the Fidelity Freedom® Blend Income Fund, a convergence anticipated to occur approximately 10 to 19 years beyond the year 2055.