Fund Description

The fund primarily invests in a mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. It employs a neutral asset allocation strategy that adjusts over time, targeting an allocation similar to the Fidelity Freedom Retirement Fund approximately 10 to 19 years post-2045. The adviser may modify these allocations, with a revised strategy expected by the end of the first quarter of 2027. Active asset allocation strategies allow adjustments of up to 10% in exposure to equity and bond funds based on market outlook. The fund also incorporates futures contracts for managing cash flows and aims for high total returns beyond the target retirement date, focusing on investors looking to retire around 2045.