Fidelity Freedom 2020 Fund (FFFDX) - 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 2020. 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 2020). 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	31617R605
Fund Inception	10/17/1996
Net Assets as of 01/31/2010 ($M)	19,391.13
Fund Number	372
Fund Symbol	FFFDX

Prospectus & Reports

Asset Allocation (%)

² as of 12/31/2009

Domestic Equity Funds	50.96
Equity Funds	49.65
– Fidelity Disciplined Equity Fund	8.89
– Fidelity Series Large Cap Value Fund	8.20
– Fidelity Growth Company Fund	7.54
– Fidelity Series All-Sector Equity Fund	7.37
– Fidelity Equity-Income Fund	6.47
– Fidelity Series 100 Index Fund	5.93
– Fidelity Blue Chip Growth Fund	2.38
– Fidelity Series Small Cap Opportunities Fund	1.32
– Fidelity Small Cap Growth Fund	0.78
– Fidelity Small Cap Value Fund	0.78
Commodity Funds	1.31
– Fidelity Series Commodity Strategy Fund	1.31
International Equity Funds	13.48
– Fidelity Diversified International Fund	4.53
– Fidelity Overseas Fund	4.38
– Fidelity Europe Fund	1.83
– Fidelity Series Emerging Markets Fund	1.11
– Fidelity Japan Fund	0.62
– Fidelity Series International Growth Fund	0.37
– Fidelity Series International Value Fund	0.37
– Fidelity Southeast Asia Fund	0.19
– Fidelity Series International Small Cap Fund	0.07
Bond Funds	33.18
Investment Grade Bond Funds	24.27
– Fidelity Series Investment Grade Bond Fund	15.89
– Fidelity Strategic Real Return Fund	5.12
– Fidelity Total Bond Fund	3.26
High Yield Bond Funds	7.61
– Fidelity Capital & Income Fund	3.95
– Fidelity High Income Fund	3.66
Inflation-Protected Bond Funds	1.30
– Fidelity Series Inflation-Protected Bond Index Fund	1.30
Short-Term Funds & Net Other Assets	2.38
– Fidelity Institutional Money Market - Money Market Portfolio - Institutional Class	1.09
– Fidelity Short-Term Bond Fund	1.09
– NET OTHER ASSETS	0.19

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

Turnover Rate as of 09/30/2009 19%

Some domestic equity funds may invest a significant portion of their underlying assets in international securities.

In addition to fund receivables and payables, "Net Other Assets", "Cash & Other" and "Cash & Net Other Assets" may include notional assets/liabilities of certain derivative instruments

For full portfolio holdings view the most current Monthly Holdings, Quarterly Holdings, Semi-Annual, or Annual Report.

Browse Our Proxy Voting Results

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 holdings data is presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the fund may invest and may not be representative of the fund's current or future investments. The top ten holdings do not include money market instruments and/or futures contracts. The figures presented are as of date shown, do not include the fund's entire investment portfolio and may change at any time. Depositary receipts are normally combined with the underlying security.

Fidelity Freedom 2020 Fund

Strategy & Objective (FFFDX)

Strategy

Objective

Fund Facts (FFFDX)

Holdings (FFFDX)

Asset Allocation (%)