FHREX

About FHREX

Fidelity Advisor Freedom Blend 2055 Fund Class C is a target-date mutual fund designed primarily for individuals planning to retire around the year 2055. The fund’s investment objective is to seek high total return until the target retirement date, and then shift its focus to generating high current income as retirement approaches. It achieves this by investing in a diversified mix of underlying Fidelity funds, including U.S. and international equity funds, bond funds, and short-term investments. The asset allocation follows a dynamic glide path, gradually transitioning from higher equity exposure in early years to a more conservative allocation to fixed income and cash equivalents as the target date nears. Managed by a seasoned asset allocation team, the fund emphasizes risk management and broad diversification. It is intended to serve as a comprehensive solution for long-term retirement savers, automatically adjusting its portfolio to reflect the changing risk/return profile as investors move closer to retirement age. The fund is part of Fidelity’s broader suite of target-date investments, which are widely utilized in retirement plans and individual portfolios to simplify retirement planning.