FDTFX

About FDTFX

Fidelity Advisor Freedom 2020 Fund Class M is a target-date mutual fund designed to provide a high total return with an emphasis on principal preservation as it approaches and moves beyond its 2020 target retirement date. The fund employs a diversified asset allocation strategy, investing in a mix of Fidelity-managed equity, fixed-income, and short-term funds. This allocation becomes more conservative over time, shifting from growth-oriented assets to a greater proportion of bonds and cash equivalents as participants approach retirement. Serving primarily retirement savers, the fund seeks to balance growth and income needs with a focus on risk mitigation for near-retirees and recent retirees. Notable features include a dynamic portfolio that adjusts its holdings in response to changing market conditions and investor time horizons, and a core exposure to both domestic and international markets across multiple asset classes. With a history dating back to 2003 and broad sector diversification, Fidelity Advisor Freedom 2020 Fund Class M plays a significant role in retirement planning, aiming to simplify investment management for those nearing or entering retirement by providing a professional, age-appropriate asset mix within a single investment vehicle.