Fidelity Advisor Freedom Blend 2015 Fund Class A is a target-date asset allocation fund designed for investors who reached or are near their 2015 retirement horizon. It pursues a diversified mix of Fidelity underlying funds spanning U.S. and non-U.S. equities, investment‑grade and inflation‑protected bonds, high yield, floating‑rate, and short‑term strategies, combining both actively managed and index-based approaches. The fund follows a glide path that becomes more conservative over time, transitioning toward an allocation similar to Fidelity’s Freedom Blend Income strategy roughly 10–19 years after the target year. Management employs a neutral strategic mix with the flexibility to tilt exposures around that baseline and may use futures to manage cash flows and maintain target positioning. The strategy’s benchmark alignment reflects its bond‑heavy posture at this life‑stage, with the Bloomberg U.S. Aggregate Bond Index as the primary reference and a series‑specific composite as secondary context. Within the target-date category, it serves as a post‑retirement option focused on sustaining income and risk control while retaining measured equity exposure for longevity and inflation considerations.
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