Fidelity Advisor Freedom Income Fund - Class K6 is a target-date retirement mutual fund designed to help investors who have reached, or are already in, retirement. Its primary function is to seek a high total return while also prioritizing the preservation of principal through a diversified asset allocation strategy. The fund invests in a blend of Fidelity-managed domestic and international equity, fixed-income, and money market funds, focusing on providing stable income and capital preservation for post-retirement needs. Notable features include exposure to multiple asset classes managed by specialized teams and a relatively low expense ratio, which supports cost efficiency. The fund’s broad diversification includes investment-grade bonds, short-term and inflation-protected securities, as well as limited exposure to equities and international bonds, aiming to mitigate risk while maintaining a source of current income. As part of Fidelity’s established suite of Freedom funds, this fund plays a key role in the retirement income market by offering a managed, research-driven solution for investors transitioning from accumulation to income distribution phases in their financial planning.
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