Fidelity Freedom 2050 Fund (FFFHX) - Mutual Funds from Fidelity Investments

Strategy

Investing in a combination of underlying Fidelity equity, fixed-income, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2050. Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches 20% in domestic equity funds, 35% in investment-grade fixed-income funds, 5% in high yield fixed-income funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2050). Ultimately, the fund will merge with Freedom Income Fund.

Objective

Seeks high total return until its target retirement date. Thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.

Fiscal Year End	March
CUSIP	315792416
Fund Inception	06/01/2006
Net Assets as of 10/31/2009 ($M)	1,371.23
Fund Number	1618
Fund Symbol	FFFHX

Prospectus & Reports

Asset Allocation (%)

² as of 09/30/2009

Fidelity Disciplined Equity Fund	12.30
Fidelity Series Large Cap Value Fund	11.50
Fidelity Equity-Income Fund	10.50
Fidelity Growth Company Fund	10.20
Fidelity Series All-Sector Equity Fund	9.80
Fidelity Series 100 Index Fund	8.10
Fidelity Blue Chip Growth Fund	3.20
Fidelity Series Small Cap Opportunities Fund	1.80
Fidelity Small Cap Value Fund	1.10
Fidelity Small Cap Growth Fund	1.00
U.S. Equity Funds	69.50
Fidelity Diversified International Fund	6.80
Fidelity Overseas Fund	6.80
Fidelity Europe Fund	3.60
Fidelity Series Emerging Markets Fund	1.40
Fidelity Japan Fund	1.00
Fidelity Southeast Asia Fund	0.30
Non-U.S. Equity Funds	20.00
Fidelity Series Investment Grade Bond Fund	0.20
Fidelity Strategic Real Return Fund	0.10
Fidelity Total Bond Fund	0.10
Investment Grade Bond Funds	0.40
Fidelity Capital & Income Fund	5.20
Fidelity High Income Fund	4.80
High Yield Bond Funds	10.00
Net Other Assets	0.10
MM/Short-Term Fds & Net Other Assets	0.10

The allocation percentages may not add up to 100% due to rounding and/or cash balances.

Turnover Rate as of 03/31/2009 20%

For the fund's entire investment portfolio view the most current Monthly Holdings, Quarterly Holdings, Semi-Annual, or Annual Report.

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No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. See Expenses & Fees for more information.
The asset allocation shown is presented to illustrate the underlying funds in which the fund invested and may not be representative of the fund's current or future investments. The figures shown are as of the date shown, do not include the fund's entire investment portfolio and may change at any time.

Fidelity Freedom 2050 Fund

Strategy & Objective (FFFHX)

Strategy

Objective

Fund Facts (FFFHX))

Holdings (FFFHX)

Asset Allocation (%)