2024-08-07 08:15:00 ET
Summary
- Fidelity Freedom Funds are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- While inflation exceeded the central bank's 2% target in April, the figures reported in May and June softened.
- Underlying portfolio managers' investment performance contributed to the Fund's results versus Composite indexes, whereas active asset allocation decisions detracted.
Investment Approach
- Fidelity Freedom® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- Except for Fidelity Freedom® Income Fund, each of the Funds seeks high total return until reaching its respective target retirement date; thereafter, each Fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.
- Except for Fidelity Freedom® Income Fund, each Fund's asset allocation strategy becomes increasingly diversified as it approaches its target date – and beyond. Ultimately, the Funds are expected to merge with Fidelity Freedom Income Fund.
- The Funds employ a disciplined and time-tested investment process focused on helping investors achieve successful retirement outcomes by leveraging the depth and strength of Fidelity's investment research and resources.
Read the full article on Seeking Alpha
For further details see:
Fidelity Freedom 2015 Fund Q2 2024 Review
