Fidelity Advisor Freedom 2010 Fund - Class Z is a target-date mutual fund designed to provide a high total return with a secondary focus on principal preservation as it approaches and passes its nominal target retirement date of 2010. As part of Fidelity’s target-date series, this fund primarily serves investors who planned to retire around 2010 but continues managing assets for those remaining invested beyond that year. Its strategy involves allocating a dynamic mix of underlying Fidelity domestic and international equity funds, bond funds, and short-term funds. Over time, the asset allocation shifts—reducing equities and increasing fixed income exposure—to reflect a more conservative risk profile suited for retirees. The fund is actively managed, allowing for tactical shifts by the investment team, and is expected to ultimately merge into the Freedom Income Fund roughly 10 to 19 years after the target date. Fidelity Advisor Freedom 2010 Fund - Class Z plays a key role in retirement planning solutions, aiming to help investors manage longevity, income, and risk well into retirement years.
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