FNSHX

About FNSHX

Fidelity Freedom Income Fund Class K is a target-date allocation mutual fund structured to provide investors with a mix of income and moderate long-term capital appreciation. Managed as part of Fidelity's well-known Freedom Series, its primary purpose is to deliver **high current income** for investors, especially those already in or approaching retirement. As the final destination in the Freedom Funds' glide path, this fund invests in a diversified blend of other Fidelity funds, spanning U.S. and international equities, a significant allocation to bonds, and exposure to other income-generating assets. The portfolio features a conservative stance, with a notable emphasis on fixed income while maintaining some allocation to stocks for potential growth, including approximately 10.8% in domestic equities and about 19.8% in foreign issuers. This diversified approach serves to balance preservation of capital, regular income, and inflation mitigation. The fund plays a vital role in retirement strategies, offering a ready-made, managed solution for investors seeking simplicity, automatic rebalancing, and steady income throughout retirement years. Its Class K share class is targeted toward institutional investors or certain retirement plans, providing lower expense ratios than other share classes.