Fidelity Freedom Index Income Fund Premier Class is a target-date mutual fund designed for investors who are either in or very near retirement, with an emphasis on providing a high level of current income and, as a secondary objective, capital appreciation. The fund achieves its objectives by allocating assets across a diversified set of underlying Fidelity index funds, which can include domestic and international equity funds, bond funds, and short-term funds. Its holdings are predominantly fixed income securities, reflecting a conservative, income-focused investment strategy that suits individuals seeking stability and regular distributions. The fund leverages Fidelity’s quantitative research and asset allocation models, using a "neutral" asset mix primarily composed of bond and inflation-protected securities, with limited equity exposure to help preserve capital while combating inflation. With a low management fee and monthly payout schedule, this fund is frequently used as a core income option within retirement portfolios, providing steady returns, broad diversification, and exposure to global fixed income and equity markets under professional management.
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