Fidelity Advisor Freedom Blend 2065 Fund Class A is a target-date mutual fund designed to support investors planning to retire around the year 2065. Its primary function is to provide a professionally managed, diversified investment solution that automatically adjusts its asset allocation over time. Early in the timeline, the fund emphasizes growth through a higher allocation to equities, including U.S. large-cap, international, and emerging market stocks. As the target retirement year approaches, the fund gradually shifts toward more conservative assets such as bonds and short-term debt instruments, aiming to reduce risk as investors near retirement age. This fund employs a blend strategy by combining actively managed and index-based underlying funds, leveraging Fidelity’s broad research capabilities to balance cost efficiency and potential for outperformance. It is part of Fidelity’s suite of target-date funds, a significant segment in retirement-focused investing, and reflects industry best practices for asset allocation based on evolving participant needs. The fund’s design helps investors maintain an appropriate risk profile throughout their working years and into retirement, playing a key role in employer-sponsored retirement plans and long-term investment portfolios.
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