FHCEX

About FHCEX

Fidelity Freedom Blend 2020 Fund – Class K is a target-date mutual fund designed for investors near or in retirement, combining active and passive strategies to balance income generation with capital preservation. The fund follows a “glide path” that gradually shifts from equities to a heavier allocation in investment-grade bonds and cash-like instruments after the 2020 target date, aiming to deliver high current income with capital appreciation as a secondary goal. According to Fidelity materials and fund overviews, the portfolio allocates across diversified U.S. and international equities, core fixed income, and inflation-sensitive assets, with the mix adjusting over time toward an allocation similar to Fidelity Freedom Blend Income Fund roughly 10–19 years after the target year. Class K shares are intended for eligible employer-sponsored retirement plans, offering institutional pricing features and a net expense ratio reported at 0.33% for this share class. The fund’s role in the market is to provide a turnkey, age-appropriate asset allocation that simplifies retirement investing through a professionally managed, dynamically rebalanced blend of underlying Fidelity funds.