Fund Description

The fund primarily invests in a mix of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, following a neutral asset allocation strategy. This allocation adjusts over time to align with the allocation of the Fidelity Freedom Income Fund by approximately 10 to 19 years after 2040. The Adviser may periodically adjust the neutral asset allocations based on shareholder interests and market conditions. The fund employs an active asset allocation strategy, allowing for variations of up to 10% in exposure to equity and bond funds, with potential allocations to other asset classes like commodities and high yield debt capped at 25% in aggregate. It is tailored for investors aiming to retire around the year 2040.