About FATYX
Fidelity Freedom Index 2020 Fund is a target-date mutual fund designed for individuals planning to retire in or around the year 2020, typically at age 65. The fund’s primary objective is to achieve high total return until reaching its target date, after which its focus shifts toward generating high current income, with capital appreciation as a secondary goal. This fund invests primarily in a diversified mix of Fidelity’s domestic and international equity index funds, bond index funds, and short-term funds. Its asset allocation strategy follows a predetermined 'glide path,' gradually reducing exposure to equities and increasing allocation to bonds and short-term funds as the target retirement year approaches and passes. The fund’s structure aims to balance growth potential and risk reduction, providing a comprehensive, cost-effective retirement solution. Managed by Fidelity Management & Research Company, the fund leverages Fidelity’s significant research resources and disciplined investment process, ultimately serving as a key component in retirement planning for investors nearing or recently past retirement age. Over time, it is intended to transition to an allocation similar to that of the Freedom Index Income Fund, reflecting the evolving needs of retirees.
Fund Family Fidelity
Category Target-Date 2020
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FATYX
Share Class Premier Ii Class
FATYX had a total return of 10.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.30%.
