FJAIX

About FJAIX

Fidelity Advisor Freedom Blend 2020 Fund Class Z is a target-date mutual fund designed primarily for investors with a retirement horizon near the year 2020. Its core purpose is to provide a professionally managed, diversified investment solution that adjusts its asset allocation over time to balance growth and capital preservation. This fund invests in a blend of underlying Fidelity funds, encompassing a mix of U.S. and international equities, fixed income securities, and short-term investments. The asset allocation becomes progressively more conservative as the investor approaches and surpasses the target date, reflecting a shift toward income and preservation of capital. The fund uses active asset allocation and security selection, drawing on insights from Fidelity’s extensive research team to try to outperform its composite benchmark while maintaining risk appropriate to retirees or near-retirees. It serves as a single-fund strategy within retirement and workplace savings plans, aiming to meet the evolving needs of investors transitioning into retirement by managing longevity and market risks across asset classes.