Fidelity Freedom Blend 2065 Fund

The Fidelity Freedom Blend 2065 Fund seeks to generate substantial overall returns until its designated retirement year of 2065. After this milestone, its primary objective shifts to providing a high level of current income, with capital growth becoming a secondary aim. The fund predominantly invests in a diverse array of underlying Fidelity mutual funds, including those focused on U.S. and international stocks, fixed income securities, and short-term holdings. The investment adviser implements a dynamic, neutral asset allocation strategy that gradually adjusts over time. This approach is designed to eventually mirror the asset composition of the Fidelity Freedom® Blend Income Fund, typically between 10 and 19 years after 2065.