FAUYX

About FAUYX

Fidelity Freedom Index 2030 Fund – Institutional Premium Class is a target-date mutual fund designed for investors planning to retire around the year 2030. Its primary goal is to achieve high total return through a broadly diversified portfolio until the designated retirement target date, after which the focus shifts to generating high current income with capital appreciation as a secondary objective. The fund invests primarily in a mix of underlying Fidelity index funds, including U.S. and international equities, bonds, and short-term instruments, following an asset allocation strategy that gradually becomes more conservative as the target date approaches. This disciplined and systematic approach allows investors to pursue growth in the earlier years, while emphasizing capital preservation and income as retirement nears and passes. Backed by Fidelity’s robust research and management resources, the fund plays a significant role in retirement planning by offering a streamlined, cost-efficient solution for long-term investors seeking to simplify the process of retirement investing.