Fidelity Advisor Freedom Income Fund Class M is a target-date mutual fund designed primarily for investors who have reached retirement and are seeking a balance between income generation and capital preservation. Its core purpose is to achieve a high total return while maintaining principal stability by diversifying investments across a suite of affiliated Fidelity funds. These underlying holdings span U.S. and international equities, investment-grade and inflation-protected bonds, government and money market instruments, creating a moderate asset allocation focused on stable, monthly income distributions. This fund is notable for its multi-asset approach: a significant portion is allocated to fixed-income and money market funds, with a smaller allocation to equities and international assets, reflecting its income-oriented strategy suitable for post-retirement needs. With a long operating history since 2003, it has grown to oversee hundreds of millions in assets, and provides investors with monthly dividends at a competitive yield. Its diversified portfolio and ongoing tactical adjustments aim to mitigate risk and support stable withdrawals for retirees, making it a key component in retirement income planning within the mutual fund landscape.
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