FOTKX

About FOTKX

Fidelity Freedom 2010 Fund Class K6 is a target-date mutual fund designed for investors planning to retire around the year 2010, typically at or near age 65. The fund employs a diversified, multi-asset strategy, allocating its assets among a mix of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. Its asset allocation follows a gradual 'glide path,' becoming more conservative over time by increasing exposure to bonds and short-term investments and reducing equity positions after the target retirement date. This ongoing adjustment aims to help manage risk during retirement and provide a strategic balance between growth and capital preservation. The fund is actively managed, with portfolio allocations periodically reviewed and adjusted by experienced managers. Its purpose is to support long-term retirement income objectives, addressing both accumulation before retirement and the need for income stability afterward. Fidelity Freedom 2010 Fund Class K6 is part of the broader suite of Fidelity’s target-date offerings, and after about 10 to 19 years past the target date, its portfolio becomes similar to that of the Fidelity Freedom Income Fund, ultimately merging into it for ongoing income focus. This design makes the fund a comprehensive, single-solution option for retirement planning within its date range.