Fidelity Freedom 2020 Fund

The Fidelity Freedom 2020 Fund strategically invests its capital across a diverse portfolio of underlying Fidelity funds. These holdings encompass U.S. equities, international stocks (including both developed and emerging markets), fixed-income securities, and short-term assets. The fund's investment methodology employs a dynamic asset allocation strategy designed to become increasingly conservative over its lifespan. Eventually, it aims to achieve an asset mix that mirrors the composition of the Fidelity Freedom Income Fund. This final, more cautious allocation, anticipated approximately 10 to 19 years after its 2020 target year, is projected to consist of roughly 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds.