Fund info

Fidelity Freedom Index Income Fund Investor Class is a target-date retirement mutual fund designed to provide retirees and near-retirees with high current income and secondarily, capital appreciation. The fund operates as a fund of funds, meaning it allocates its assets across a range of underlying Fidelity index funds covering domestic and international equities, a variety of bonds, and short-term investments. Its portfolio is structured to maintain a stable, conservative asset allocation with a significant emphasis on fixed income, including broad exposure to U.S. bonds, short-duration inflation-protected securities, and a modest allocation to global equities and international bonds. Leveraging Fidelity’s proprietary research and index replication strategies, the fund seeks broad diversification and efficient cost management. With a low expense ratio and monthly income distributions, it serves as a core income solution for investors at or in retirement, aiming to help them preserve purchasing power and manage risk as they draw down savings through retirement years. The fund’s design reflects Fidelity’s role as a leading provider of retirement-oriented investment solutions, offering broad market exposure with simplicity and cost efficiency at its core.