Description

This fund endeavors to achieve considerable total returns up to its specified retirement date. Subsequently, its main objective transitions to securing substantial current income, with capital appreciation serving as a secondary aim. The portfolio is largely composed of various underlying Fidelity® products, encompassing U.S. and international stock funds, bond funds, and short-duration investments. The advisor implements a predetermined asset allocation methodology that evolves over time. This approach continually adjusts until its asset mix resembles that of the Fidelity Freedom® Blend Income Fund, an alignment expected to finalize approximately 10 to 19 years past the year 2045.