Fidelity Freedom Blend 2010 Fund Premier Class is a target-date mutual fund designed for investors who reached or were near retirement around 2010. It follows a fund‑of‑funds approach, allocating across Fidelity U.S. and international equity funds, bond funds, and short‑term funds, with a glide path that becomes more conservative over time and ultimately aligns with an income‑oriented allocation in the years following the target date. The strategy blends actively managed and index building blocks, using active asset allocation to pursue its objectives while maintaining broad diversification across asset classes and market environments. The fund emphasizes high current income with secondary capital appreciation, reflecting the needs of investors in the decumulation phase. As a Premier Class share class, it features an institutional‑scale minimum and a relatively low stated expense ratio for the series, while retaining semiannual distributions typical of target‑date income funds. Within the target‑date category, it serves as a core, single‑fund solution that consolidates multi‑asset exposure for retirement accounts seeking stability and income beyond the target year.
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