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Fidelity Freedom® Funds, also called target date funds, are all-in-one investment strategies that can help take the guesswork out of building and maintaining an age-based retirement portfolio.
Each Freedom Fund name includes a date, which can help investors to choose the fund that represents their anticipated year of retirement. For example, the Fidelity Freedom® 2030 Fund is for investors expecting to retire in approximately 2030. Freedom Funds invest in a collection of underlying Fidelity mutual funds that provide exposure to multiple asset classes, creating a diversified portfolio of investments. The funds are offered in five-year increments, up to the Fidelity Freedom® 2055 Fund. Even after the target date passes, the asset allocation of the funds continues to become more conservative.
Once you click Submit, the Fidelity Freedom Fund managed closest to the year you entered will appear, along with its current target asset allocation. You will be able to see how the Freedom Fund's asset allocation strategy becomes more conservative by reducing its equity exposure as the fund's target date approaches and beyond. The stated asset allocations may be subject to change.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.