FHABX

About FHABX

Fidelity Advisor Freedom Blend 2010 Fund Class A is a target-date mutual fund designed to support investors who anticipate retiring around the year 2010 or shortly thereafter. The fund pursues a primary objective of generating high current income and, as a secondary goal, seeks capital appreciation. It achieves this by investing in a diversified mix of underlying Fidelity equity, international, fixed income, and short-term funds, employing both active and passive management approaches. The fund maintains a dynamic asset allocation strategy that gradually shifts to a more conservative blend of assets—focusing on capital preservation and income generation—as the investor approaches and moves beyond the target retirement year. Over time, its allocation becomes similar to the Fidelity Freedom Blend Income Fund, often transitioning or merging with it about a decade after the target date. This strategic flexibility enables the fund to balance growth and risk, adapting to the evolving needs of those near or in retirement, and it plays a significant role in the target-date fund sector as part of retirement planning solutions.