Fidelity Flex Freedom Blend 2010 Fund is a target-date mutual fund designed for investors who reached or are near retirement around 2010. Its primary objective is to deliver high current income with a secondary goal of capital appreciation, reflecting a conservative glide path appropriate for the retirement phase. The fund invests exclusively in underlying Fidelity funds across U.S. equities, international equities, investment‑grade bonds, and short‑term instruments, using a blend approach that combines active and index strategies to balance cost, diversification, and flexibility. This structure provides broad, multi‑asset exposure and ongoing asset allocation management, aiming to maintain a lower overall risk profile than earlier‑dated target funds. By reallocating among underlying Fidelity vehicles, the fund seeks to navigate market cycles while prioritizing income generation and capital preservation typical for post‑retirement portfolios. It plays a role in the market as an all‑in‑one, professionally managed solution for retirement accounts, offering automatic rebalancing, style diversification, and global reach through Fidelity’s fund lineup.
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