Fidelity Advisor Freedom 2014 Fund - Class C is a target-date mutual fund designed to meet the evolving needs of investors as they approach and move past a specific retirement year—in this case, 2014. As part of the Fidelity Advisor Freedom series, the fund pursues a diversified asset allocation strategy that gradually shifts from a higher emphasis on growth-oriented investments, such as equities, towards more conservative holdings like bonds and short-term instruments as the target date nears and passes. This systematic transition seeks to balance long-term growth potential with increasing capital preservation for investors nearing or in retirement. Managed by Fidelity, the fund leverages a blend of underlying Fidelity mutual funds, offering exposure to both domestic and international markets. Class C shares, typically featuring level sales charges and distribution fees, provide an option for investors seeking flexibility in share class selection. The fund is frequently used by individuals and institutions as a core component of retirement planning, aiming to provide a comprehensive, professionally managed investment solution that aligns with investors’ changing risk profiles over time.
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