Fidelity Advisor Freedom Blend 2015 Fund - Class M is a target-date mutual fund designed for investors who reached or were near retirement around 2015. It seeks a diversified, age-appropriate allocation by blending actively managed strategies with index-based building blocks across U.S. and non-U.S. equities, investment-grade and government bonds, inflation-protected securities, and select satellite exposures. The portfolio is managed by an experienced multi-asset team that adjusts the mix along a conservative glide path intended to prioritize income and capital preservation in retirement years. The fund invests primarily through underlying Fidelity Series funds, providing broad market access and cost efficiency while maintaining oversight at the asset-allocation level. It sits within the Target-Date 2015 category and references the Bloomberg U.S. Aggregate Bond Index and a proprietary composite as benchmarks for context and risk management. For investors and plan sponsors, its role is to serve as an all-in-one, post-retirement core holding that consolidates multi-asset diversification, rebalancing, and risk control within a single vehicle.
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