FSNKX

About FSNKX

Fidelity Freedom 2010 Fund Class K is a target-date mutual fund designed for investors who intended to retire around the year 2010. As part of Fidelity's Freedom series, this fund adopts a moderate asset allocation strategy that gradually becomes more conservative over time, aligning with the changing risk tolerance as investors approach and move beyond retirement. The fund primarily seeks to provide a high total return by investing in a diversified mix of Fidelity-managed equity, fixed-income, and money market funds. Its portfolio includes exposure to U.S. and international equities as well as fixed-income securities, balancing growth and income objectives to support retirees’ evolving financial needs. Notable features include a relatively low expense ratio and regularly distributed semi-annual dividends. With over $6 billion in assets under management, the fund plays a significant role in the retirement planning landscape, serving individuals looking for a managed, lifecycle-based investment solution that automatically adjusts over time to help manage risks associated with retirement investing.