Fidelity Freedom Index 2045 Fund Premier Class

Fidelity Freedom Index 2045 Fund Premier Class is a target-date mutual fund tailored for investors planning to retire around the year 2045. Its primary purpose is to seek a high total return through a diversified portfolio that automatically reallocates its assets over time as the target retirement date approaches. The fund invests in a blend of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, each designed to match the performance of specific market indices. As retirement nears, the portfolio transitions from a growth-oriented allocation—dominated by equities—toward a more conservative mix with increased exposure to bonds and short-term securities, aiming to reduce risk and pursue income. Notable features include a low expense ratio, semi-annual income distributions, and an asset allocation strategy that is periodically adjusted to provide broad market exposure while aligning with retirement timelines. The fund’s role in the financial market is to offer a cost-effective, professionally managed solution for investors seeking a long-term, hands-off retirement investment that automatically adapts as their needs evolve.