FDAFX

About FDAFX

Fidelity Advisor Freedom 2020 Fund - Class A is a target-date mutual fund designed to help investors plan for retirement as they approach the year 2020. Its primary function is to provide a high total return, with an increased focus on principal preservation as the target date and retirement draw near. The fund achieves its objectives by diversifying across a mix of asset classes, including U.S. stocks, international equities, investment-grade bonds, and short-term instruments—primarily through investments in underlying Fidelity funds. The asset allocation is regularly adjusted in a 'glide path' strategy, gradually shifting from higher equity exposure to a greater emphasis on fixed income and capital preservation as the fund moves past its target date. This dynamic approach is managed by Fidelity’s experienced asset-allocation team and is intended to address the changing risk tolerance of investors aging into retirement. The fund serves as a core holding for retirement savers seeking a well-diversified, professionally managed investment that aligns with a specific retirement timeline. Its broad exposure to multiple sectors and markets makes it a significant choice for those who value structured guidance on asset allocation as they approach and move through retirement.