Description

This fund, the Fidelity Freedom Blend 2030, is designed to deliver significant overall growth up until its designated target retirement year of 2030. After this date, its primary aim shifts to generating substantial current income, with capital appreciation becoming a secondary objective. The portfolio predominantly invests in a variety of underlying Fidelity funds, encompassing U.S. and international stock investments, bond holdings, and short-term instruments. The fund's assets are managed using a dynamic, neutral allocation strategy that progressively modifies its composition over time. This methodical adjustment continues until its asset mix aligns closely with that of the Fidelity Freedom Blend Income Fund, a transition expected to occur roughly 10 to 19 years past 2030.