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Fidelity Freedom® Funds

Fidelity Freedom® Funds, also called target date funds, are single-fund investment strategies that can help take the guesswork out of building and maintaining an age-based retirement portfolio.

Reasons to consider Fidelity Freedom Funds

  • Single-fund strategy
  • Structured and disciplined management of a diversified portfolio
  • Automatically adjusting, age-based asset allocation

Find Freedom Funds

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.

How Fidelity manages Freedom Funds

Choosing a Fidelity Freedom Fund

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.
Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund's name. When choosing a Freedom Fund, investors should consider whether they anticipate retiring significantly earlier or later than age 65 even if such investors retire on or near a fund's approximate target date. There may be other considerations relevant to fund selection and investors should select the fund that best meets their individual circumstances and investment goals. Except for the Freedom Income Fund, the funds' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the Freedom Income Fund. The investment risks of each Fidelity Freedom Fund change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
The Adviser may use an active asset allocation strategy to increase or decrease neutral asset class exposures reflected above by up to 10 percentage points for Equity Funds (includes domestic and international equity funds), Bond Funds and Short-Term Funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the "Choosing a Freedom Fund" section above are referred to as "neutral" because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
The Adviser may also make active asset allocations within other asset classes (including Commodities, High Yield Debt, Floating Rate Debt, Real Estate Debt, Inflation-Protected Debt, and Emerging Markets Debt) from 0% to 10% individually but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral allocations reflected in the "Choosing a Freedom Fund" section above. This strategy may not be successful in adding value, may increase losses to the Fund and/or cause the Fund to have a risk profile different than that portrayed above from time to time.
Diversification and asset allocation do not ensure a profit or guarantee against a loss.