Description

This Fidelity Freedom Index 2050 Fund - Investor Class aims for significant overall growth for investors leading up to its target retirement date of 2050. After this milestone, its primary objective will transition to generating substantial current income, with capital appreciation becoming a secondary focus. The fund achieves these goals by strategically allocating its holdings across various other Fidelity-managed portfolios. These underlying investments encompass Fidelity's U.S. stock funds, international stock funds, bond funds, and short-term investment options. Importantly, the majority of these underlying funds (excluding any money market components) are structured to replicate the total return performance of particular market indexes.