Fidelity Freedom Index 2060 Fund (FAVUX)

Overview

The described fund showcases a comprehensive investment approach by incorporating a diverse blend of asset types, including U.S. equity funds, international equity funds, bond funds, and short-term funds. This blend aims to achieve a balanced and diversified investment portfolio. The fund notably invests in underlying Fidelity® funds, each chosen for its potential to mirror the total return of a specific market index. This strategy suggests a focus on index-based investment practices, excluding investments in money market funds. By diversifying across different asset classes and geographic regions, the fund seeks to mitigate risk while aiming for sustainable growth, appealing to investors looking for a broad market exposure through a single investment vehicle.

Products and Services

• Fidelity® U.S. Equity Funds

These funds invest in a wide range of U.S. companies across various sectors and market capitalizations. The goal is to offer investment results that closely correspond to the total return of key U.S. equity indexes. This product targets investors seeking exposure to the U.S. stock market's growth potential.

• International Equity Funds

Designed for investors looking to diversify their portfolio beyond U.S. equities, these funds invest in a variety of international companies. By aiming to replicate the total return of major global indexes, excluding the U.S., these funds offer exposure to the potential growth in international markets.

• Bond Funds

These funds focus on investments in various types of bonds, including government, municipal, and corporate debt securities. Objective is to deliver investment results that reflect the total return of the relevant bond indexes. Bond funds are suitable for investors seeking income generation and lower risk compared to equity investments.

• Short-term Funds

Short-term funds are aimed at providing stability and liquidity with a minimal risk approach. Investing primarily in short-duration debt instruments, these funds seek to offer returns that align with the performance of short-term debt indexes. This option is ideal for investors looking for a safe place to park funds with quick access needed.