About FCIFX
Fidelity Advisor Freedom 2010 Fund - Class I is a target-date mutual fund designed to provide investors with a pathway to retirement savings, focusing on those who expected to retire around the year 2010. Its primary objective is to achieve a high total return, while also emphasizing principal preservation as it approaches and passes its target date. The fund accomplishes this by dynamically allocating assets among a diversified mix of underlying Fidelity funds, which include domestic and international equities, bonds, and short-term investments.
As the fund matures beyond its target date, its asset allocation shifts toward more conservative investments, primarily favoring fixed income and short-term securities, aligning with the needs of retirees and those in post-retirement. Ultimately, the asset mix will converge with that of the Fidelity Freedom Income Fund over time, promoting income and stability for long-term investors. This fund plays a significant role in retirement planning, offering a professionally managed, gradual glide path intended to simplify and optimize the investment process for individuals nearing or in retirement, and is widely used within employer-sponsored retirement plans and by investors seeking automatic rebalancing and risk reduction over time.
Fund Family Fidelity
Category Target-Date 2000-2010
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FCIFX
Share Class Class I
Index Bloomberg U.S. Aggregate Bond TR
FCIFX had a total return of 9.38% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.77%.
