Fidelity Advisor Freedom Income Fund Class C is a target-date retirement mutual fund designed for investors who are already in or entering retirement. Its primary objective is to achieve a high total return while also focusing on the preservation of principal. The fund accomplishes this by investing in a diversified mix of underlying Fidelity mutual funds, which include domestic and international equity funds, as well as fixed-income and money market funds. This strategic asset allocation seeks to balance growth and income potential with a level of risk appropriate for investors seeking ongoing retirement distributions. Notable features of this fund include its monthly dividend distributions, a relatively low investment minimum, and a broad exposure to both stocks and bonds, with a significant allocation toward investment-grade bond funds. The fund's holdings are periodically rebalanced, and its risk and income characteristics are tailored to meet the needs of retirees who prioritize regular income and capital stability. With an inception date in 2003, the fund has established itself as a core retirement income solution within the target-date mutual fund category, offering professional management and diversification for post-retirement financial planning.
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