Fidelity Freedom 2040 Fund Q1 2025 Commentary

2025-05-07 10:45:00 ET

Summary

• Fidelity Freedom® Funds are designed for retirement, with asset allocation becoming more diversified as the target date approaches, ultimately merging with Fidelity Freedom Income Fund.
• In Q1 2025, active asset allocation decisions and strong performance from non-U.S. equities contributed positively to the fund's relative performance.
• U.S. and non-U.S. equity funds with a value-oriented investment philosophy were top contributors, while growth-biased portfolios generally detracted.
• The fund's strategic asset allocation emphasizes diversification to navigate economic uncertainties, with a disciplined, long-term investment process proving effective over 29 years.

Investment Approach

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