Fidelity Freedom 2040 K6

This fund constructs a diversified portfolio by holding shares in various underlying Fidelity funds. These include portfolios focused on U.S. equities, international equities, fixed-income securities, and short-term investments. Its investment adviser implements a dynamic asset allocation strategy, often visualized as a "glide path." This strategy gradually shifts the fund's holdings over time, ultimately aiming to achieve an investment mix similar to that of the Fidelity Freedom Income Fund. This final, more conservative allocation is projected to be in place approximately 10 to 19 years after the year 2040.