FPIFX

About FPIFX

Fidelity Freedom Index 2020 Fund Investor Class is a target-date mutual fund designed to provide investors approaching or at retirement age—typically around 65—a diversified, low-cost solution for managing retirement assets. Its primary goal is to achieve high total return until its 2020 target year, after which it shifts focus toward generating high current income and, secondarily, capital appreciation. The fund primarily invests in a mix of underlying Fidelity index funds spanning U.S. and international equities, domestic and foreign bonds, and short-term instruments. As the fund progresses beyond its target year, its asset allocation gradually becomes more conservative, favoring fixed income and income-generating assets. With a broad exposure across major asset classes and a low expense ratio, Fidelity Freedom Index 2020 Fund Investor Class serves as a core portfolio option for investors seeking a professionally managed, index-based strategy aligned with their retirement timeline. Its structure is particularly significant in the retirement planning market, providing an accessible, all-in-one solution for income and asset preservation needs later in life.