Mutual Funds

About Fidelity Freedom Funds®

Fidelity Freedom Funds® — An All–in–One
Retirement Option

Fidelity Freedom Funds are lifecycle funds, offering a diversified set of mutual funds in a single fund, with the added benefit of professional asset allocation.

Pioneers in Dynamic Lifecycle Investing

The first Freedom Funds debuted in October 1996, and through 13 years of multiple market cycles, including bull and bear markets, they have been time–tested.

Through it all, our commitment to investors has not changed: to provide a disciplined and well–diversified approach to saving and investing for retirement.

Read below to learn how asset allocation is made easier through Freedom Funds and about our unique “rolldown” asset allocation technique.

Asset Allocation Made Easier

Fidelity Freedom funds have an asset allocation mix among a diversified mix of Fidelity mutual funds that invest in stocks, bonds and short-term instruments. The Freedom Funds maintain an automatic asset allocation strategy that becomes more conservative over time as the funds reach and go beyond their target date. Keep in mind that the investment risk of each Freedom Fund changes along with the allocation mix. The funds are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target date. Therefore, simply tell us when you expect to retire and we can show you a fund matching that time horizon.

Why is it important to monitor asset allocation? Asset allocation accounts for the vast majority of the variability in long–term returns.1

Benefits of Freedom Funds

Fidelity is an excellent choice for an all–in–one fund solution:

  • Experience — Fidelity was one of the first mutual fund firms to launch lifecycle fund options specifically designed to meet retirement needs. The funds reflect some of Fidelity’s best stock ideas and are managed by our most experienced mutual fund managers.
  • Confidence — With Freedom Funds your asset allocation mix is always targeted to the fund’s target date, and it adjusts as the fund moves closer to the target date.1
  • Ease — Monitor one fund instead of several.

Next Steps

Similar Products

Fidelity Freedom Funds are managed by Strategic Advisers, Inc., a registered investment advisor and a Fidelity Investments company.

  1. Asset allocation does not ensure a profit or guarantee against a loss.

Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.

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Fidelity Freedom Funds: Target Allocations for 9/30/2009
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2050 Fund, retirement date 2048-2052. Domestic Equity Funds 70%, International Equity Funds 20%, Bond Funds 11%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009, for the Fidelity Freedom 2045 Fund, retirement date 2043-2047. Domestic Equity Funds 68%, International Equity Funds 17%, Bond Funds 15%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2040 Fund, retirement date 2038-2042. Domestic Equity Funds 67%, International Equity Funds 17%, Bond Funds 16%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2035 Fund, retirement date 2033-2037. Domestic Equity Funds 66%, International Equity Funds 17%, Bond Funds 17%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2030 Fund, retirement date 2028-2032. Domestic Equity Funds 62%, International Equity Funds 16%, Bond Funds 22%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2025 Fund, retirement date 2023-2027. Domestic Equity Funds 56%, International Equity Funds 14%, Bond Funds 30%, Short-Term Funds 0%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2020 Fund, retirement date 2018-2022. Domestic Equity Funds 61%, International Equity Funds 13%, Bond Funds 34%, Short-Term Funds 2%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2015 Fund, retirement date 2013-2017. Domestic Equity Funds 42%, International Equity Funds 10%, Bond Funds 39%, Short-Term Funds 9%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2010 Fund, retirement date 2008-2012. Domestic Equity Funds 40%, International Equity Funds 10%, Bond Funds 39%, Short-Term Funds 11%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2005 Fund, retirement date 2003-2007. Domestic Equity Funds 38%, International Equity Funds 8%, Bond Funds 38%, Short-Term Funds 17%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom 2000 Fund, retirement date 2000-2002. Domestic Equity Funds 22%, International Equity Funds 0%, Bond Funds 38%, Short-Term Funds 40%.
Target asset allocation through September 30, 2009 for the Fidelity Freedom Income Fund, retirement date before 2000. Domestic Equity Funds 20%, International Equity Funds 0%, Bond Funds 40%, Short-Term Funds 40%.


This chart shows the target allocation of each Freedom Fund for 9/30/09. Allocation percentages may not add up to 100% due to rounding and/or cash balances.

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