Description

This fund aims for substantial overall returns leading up to its designated retirement year of 2035. Subsequently, its primary objective shifts to generating significant current income, with capital growth becoming a secondary focus. The portfolio primarily consists of various underlying Fidelity funds, encompassing domestic and international equities, fixed-income instruments, and short-duration assets. Management employs a balanced asset allocation strategy that gradually evolves, designed to converge on an asset mix similar to the Fidelity Freedom® Blend Income Fund, typically between 10 and 19 years following the 2035 target date.