Fidelity Advisor Freedom 2045 Fund Class I is a target-date mutual fund designed to help investors plan for retirement around the year 2045. As part of Fidelity's Freedom series, the fund seeks to deliver high total return, with a secondary focus on preserving principal as the target date approaches and beyond. It achieves this by investing in a broad and diversified mix of Fidelity-managed domestic equity, international equity, bond, and short-term funds, which are actively managed to adjust their asset allocations over time. Early in its lifecycle, the fund emphasizes growth through higher allocations to equities, gradually transitioning towards more conservative fixed-income investments as the 2045 target date nears. This glide path approach helps manage risk as investors approach retirement. The fund's large blend investment style, international diversification, and dynamic reallocation underscore its role in providing a single-fund solution for long-term retirement planning, allowing individual and institutional investors to maintain an age-appropriate portfolio without frequent manual adjustments.