FHLDX

About FHLDX

Fidelity Freedom Blend 2025 Fund Class K6 is a target-date mutual fund designed to provide a diversified investment approach for individuals planning to retire around the year 2025. The fund primarily seeks a high total return until its target date, at which point its focus shifts toward generating high current income as its secondary objective. It achieves diversification by investing in a broad blend of underlying Fidelity funds, which encompass U.S. and international equities, fixed income, and short-term securities. The fund’s allocation typically features a balanced mix of approximately 60% actively managed and 40% passively managed underlying investments, adjusting its risk profile as the target date approaches by reducing equity exposure and increasing allocation to more conservative assets like bonds and cash equivalents. This strategy supports users through pre-retirement accumulation and the transition to the retirement phase, aiming to offer both growth potential and capital preservation. The fund is widely utilized within retirement portfolios, often as a default choice in employer-sponsored savings plans, and it plays a significant role in facilitating disciplined, age-based asset allocation for investors nearing retirement.