FIWTX

About FIWTX

The Fidelity Freedom Index 2020 Fund Institutional Premium Class is a target-date mutual fund designed primarily for investors planning to retire near the year 2020, typically at or around the age of 65. Its central objective is to maximize total return until its target date, after which the emphasis shifts to generating high current income while still seeking some capital appreciation. The fund implements a diversified allocation strategy by investing predominantly in a mix of Fidelity domestic and international equity index funds, bond index funds, and short-term funds. The allocation shifts over time according to a predetermined "glide path," gradually reducing equity exposure and increasing fixed-income holdings as the fund approaches and surpasses its target year. Notable features of this class include a low expense ratio, institutional pricing, and a structure that benefits from Fidelity’s substantial research and index investing expertise. With its broad exposure to major global asset classes and systematic allocation adjustments, the fund plays a key role in retirement savings plans, serving as a core holding for investors transitioning from asset growth to income focus in the later stages of retirement planning.