Fidelity Flex Freedom Blend Income Fund is an open-end mutual fund designed to seek high current income as its primary function, with capital appreciation as a secondary goal. The fund accomplishes this by investing primarily in a diversified mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, providing broad asset class exposure. It is categorized as a target-date retirement fund, specifically suited for investors who have reached or are near retirement and are seeking reliable income distributions with moderate risk profiles. The portfolio is constructed with a significant allocation to fixed income securities—including government, corporate, and inflation-protected bonds—while maintaining exposure to equities for growth potential. The strategy underpins the fund's purpose as a core allocation within retirement portfolios, aiming to provide income stability alongside the possibility of modest portfolio growth. Notable features include a low distribution fee level and no sales load, which enhances cost efficiency for investors. By blending multiple Fidelity-managed underlying funds, this fund leverages the firm’s broad asset management expertise, appealing to those focused on retirement income solutions and conservative growth opportunities in the retirement phase.
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