Fidelity Freedom Blend 2015 Fund – Premier Class is a target-date mutual fund designed for investors who reached or are near their 2015 retirement horizon, emphasizing high current income with capital appreciation as a secondary goal. It invests primarily in a diversified mix of Fidelity U.S. equity, international equity, bond, and short‑term funds, blending active and index strategies to balance growth and income as the glide path transitions toward more conservative allocations over time. The portfolio typically features meaningful exposure to investment‑grade bonds, inflation‑protected securities, and large‑cap U.S. equities, complemented by international and emerging‑markets sleeves for broader diversification. The series employs active asset allocation to adjust exposures around strategic targets, seeking additional return and risk management through intermediate‑term tilts and Fidelity’s underlying manager research. This Premier Class shares class pairs institutional pricing with a low net expense profile relative to typical target‑date offerings, supporting cost‑efficient implementation for retirement plans and large allocators. As part of the broader Fidelity Freedom Blend lineup, it ultimately moves toward an allocation similar to the income fund, reflecting its role as a retirement‑stage solution.
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