What is a Fidelity Investment Freedom Fund®?
Fidelity Investment Freedom Funds are lifecycle funds, offering the power of a diversified set of mutual funds in a single fund, with the added benefit of professional asset allocation. Fidelity Investment Freedom Funds have an asset allocation mix among stocks, bonds, and short-term instruments that is more aggressive when an employee is younger and gets more conservative as the employee nears retirement age. An employee picks the Fidelity Investment Freedom Fund with a target retirement date closest to when the employee wants to retire and money managers at Fidelity Investments will do the rest.
