About FTLSX
Fidelity Flex Freedom Blend Income Fund is an open-end mutual fund designed to seek high current income as its primary function, with capital appreciation as a secondary goal. The fund accomplishes this by investing primarily in a diversified mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, providing broad asset class exposure. It is categorized as a target-date retirement fund, specifically suited for investors who have reached or are near retirement and are seeking reliable income distributions with moderate risk profiles. The portfolio is constructed with a significant allocation to fixed income securities—including government, corporate, and inflation-protected bonds—while maintaining exposure to equities for growth potential. The strategy underpins the fund's purpose as a core allocation within retirement portfolios, aiming to provide income stability alongside the possibility of modest portfolio growth. Notable features include a low distribution fee level and no sales load, which enhances cost efficiency for investors. By blending multiple Fidelity-managed underlying funds, this fund leverages the firm’s broad asset management expertise, appealing to those focused on retirement income solutions and conservative growth opportunities in the retirement phase.
Fund Family Fidelity
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FTLSX
Index Bloomberg U.S. Aggregate Bond TR
FTLSX had a total return of 4.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.24%.
