FULSX

About FULSX

Fidelity Flex Freedom Blend 2020 Fund is a target-date mutual fund designed to deliver a high total return through its target year and prioritize high current income thereafter. It allocates across a diversified mix of underlying Fidelity equity, fixed income, and short‑term funds, blending active management with passive strategies to balance growth and capital preservation as investors transition into retirement. The glide path has already moved the portfolio toward a more conservative stance, emphasizing bonds, cash equivalents, and income‑oriented assets while maintaining measured exposure to equities for longevity and inflation risk. The fund is part of Fidelity’s Flex lineup, which features zero management fees for eligible plans, aiming to reduce all‑in costs for retirement savers. Notable characteristics include a low distribution fee level, periodic rebalancing, and risk management embedded in the allocation design. It is used primarily in workplace retirement plans and rollover accounts as a core, age‑appropriate solution, offering a turnkey approach to asset allocation and ongoing portfolio adjustments aligned with post‑retirement objectives.