FHNEX

About FHNEX

Fidelity Advisor Freedom Blend 2060 Fund Class A is a target-date mutual fund designed to help investors save for retirement, specifically those planning to retire around the year 2060. The fund aims for high total return until its target retirement date, at which point its focus shifts to generating high current income and managing risk as investors approach and enter retirement. It accomplishes this by investing primarily in a diversified mix of underlying Fidelity mutual funds, including U.S. and international equity funds, bond funds, and short-term funds. This strategic asset allocation adjusts over time, reducing equity exposure and increasing fixed-income holdings as the target date approaches, following a predefined glide path. The fund benefits from Fidelity’s extensive research and experienced management team, offering a blend of growth and income potential tailored to long-term retirement objectives. It plays a significant role in retirement planning by providing a convenient, all-in-one investment solution that automatically becomes more conservative as investors near retirement age.