Description

This fund primarily allocates its investments across a varied selection of other portfolios managed by Fidelity. These underlying holdings encompass Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term instruments. The investment managers utilize a predefined asset allocation strategy that gradually evolves over time, known as a "glide path." This strategy is designed to systematically adjust the fund's asset mix until it eventually converges with the more conservative allocation of the Fidelity Freedom® Blend Income Fund. This final asset distribution is expected to be achieved approximately 10 to 19 years after the target year of 2050.