FHHEX

About FHHEX

Fidelity Freedom Blend Income Fund Class K is a target-date retirement strategy designed for investors already in or near retirement. Its primary objective is to deliver high current income, with a secondary goal of capital appreciation, by blending actively managed and index Fidelity funds across U.S. equities, international equities, core bonds, inflation-protected securities, short-term instruments, and other income-oriented sleeves. The portfolio’s multi-asset mix emphasizes fixed income and short-duration exposures to moderate volatility while maintaining diversified equity exposure for long-term growth potential. As a fund-of-funds, it allocates to well-regarded underlying Fidelity strategies, combining cost efficiency with broad diversification and professional oversight. Launched in 2018, the fund sits within the Target-Date Retirement category and distributes income on a monthly schedule. Its role in the market is to serve as a conservative, ongoing retirement allocation that balances income generation with risk management through a systematic, blended approach to asset selection and rebalancing across market cycles.