Fidelity Advisor Freedom Blend 2020 Fund - Class A is a target-date mutual fund designed primarily for investors approaching or already in retirement around the year 2020. The fund employs a diversified asset allocation strategy, adjusting its mix of equities, fixed income, and other securities over time to align with the evolving risk profile appropriate for retirees. Before its target date, the fund focuses on achieving a high total return, gradually shifting its objective to seeking high current income and capital appreciation as investors enter retirement years. Active asset allocation is a notable feature, leveraging Fidelity's extensive investment research and management expertise to navigate market conditions and capture opportunities for both growth and risk mitigation. The fund draws from multiple sectors, including US and international equities as well as a range of fixed income assets, thereby managing diversification and downside risk. Its structure allows for ongoing adjustments to the portfolio, seeking to provide stability and income for those withdrawing assets in retirement. The fund forms part of Fidelity’s broader suite of target-date solutions, representing a comprehensive approach for individuals looking for a managed transition from asset accumulation to distribution in later life.
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