Prospectus - Investment Objective
Fidelity Advisor Freedom Funds®
Fidelity Advisor Freedom® Income Fund
Class /Ticker
A /FAFAX M /FTAFX C /FCAFX I /FIAFX Z /FIJUX
Fidelity Advisor Freedom® 2005 Fund
Class /Ticker
A /FFAVX M /FFTVX C /FCFVX I /FFIVX Z /FIJHX
Fidelity Advisor Freedom® 2010 Fund
Class /Ticker
A /FACFX M /FCFTX C /FCFCX I /FCIFX Z /FIJJX
Fidelity Advisor Freedom® 2015 Fund
Class /Ticker
A /FFVAX M /FFVTX C /FFVCX I /FFVIX Z /FIJKX
Fidelity Advisor Freedom® 2020 Fund
Class /Ticker
A /FDAFX M /FDTFX C /FDCFX I /FDIFX Z /FIJLX
Fidelity Advisor Freedom® 2025 Fund
Class /Ticker
A /FATWX M /FTTWX C /FCTWX I /FITWX Z /FIJMX
Fidelity Advisor Freedom® 2030 Fund
Class /Ticker
A /FAFEX M /FTFEX C /FCFEX I /FEFIX Z /FIJNX
Fidelity Advisor Freedom® 2035 Fund
Class /Ticker
A /FATHX M /FTTHX C /FCTHX I /FITHX Z /FIJOX
Fidelity Advisor Freedom® 2040 Fund
Class /Ticker
A /FAFFX M /FTFFX C /FCFFX I /FIFFX Z /FIJPX
Fidelity Advisor Freedom® 2045 Fund
Class /Ticker
A /FFFZX M /FFFTX C /FFFJX I /FFFIX Z /FIJQX
Fidelity Advisor Freedom® 2050 Fund
Class /Ticker
A /FFFLX M /FFFQX C /FFFYX I /FFFPX Z /FIJRX
Fidelity Advisor Freedom® 2055 Fund
Class /Ticker
A /FHFAX M /FHFTX C /FHFCX I /FHFIX Z /FIJSX
Fidelity Advisor Freedom® 2060 Fund
Class /Ticker
A /FDKPX M /FDKTX C /FDKSX I /FDKQX Z /FIJTX
Fidelity Advisor Freedom® 2065 Fund
Class /Ticker
A /FDFZX M /FDFVX C /FDFYX I /FDFSX Z /FDFQX
Prospectus
May 30, 2023
Like securities of all mutual funds, these securities have not been approved or disapproved by the Securities and Exchange Commission, and the Securities and Exchange Commission has not determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
245 Summer Street, Boston, MA 02210

 

Contents

Fund Summary

 Fidelity Advisor Freedom® Income Fund 
Fidelity Advisor Freedom® 2005 Fund 
Fidelity Advisor Freedom® 2010 Fund 
Fidelity Advisor Freedom® 2015 Fund 
Fidelity Advisor Freedom® 2020 Fund 
Fidelity Advisor Freedom® 2025 Fund 
Fidelity Advisor Freedom® 2030 Fund 
Fidelity Advisor Freedom® 2035 Fund 
Fidelity Advisor Freedom® 2040 Fund 
Fidelity Advisor Freedom® 2045 Fund 
Fidelity Advisor Freedom® 2050 Fund 
Fidelity Advisor Freedom® 2055 Fund 
Fidelity Advisor Freedom® 2060 Fund 
Fidelity Advisor Freedom® 2065 Fund 

Fund Basics

Investment Details

Valuing Shares

Shareholder Information

Additional Information about the Purchase and Sale of Shares

Converting Shares

Exchanging Shares

Rollover IRAs

Account Features and Policies

Dividends and Capital Gain Distributions

Tax Consequences

Fund Services

Fund Management

Fund Distribution

Appendix

Financial Highlights

Additional Index Information

Sales Charge Waiver Policies Applied by Certain Intermediaries

Fund Summary

Fund /Class:
Fidelity Advisor Freedom® Income Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® Income Fund seeks high total return with a secondary objective of principal preservation.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.47 %   A
0.47 %   A
0.47 %   A
0.47 %   A
0.42 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.72 %   A
0.97 %   A
1.47 %   A
0.47 %   A
0.42 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
644
$
644
$
445
$
445
$
250
$
150
$
48
$
48
$
43
$
43
3 years
$
792
$
792
$
648
$
648
$
465
$
465
$
151
$
151
$
135
$
135
5 years
$
953
$
953
$
868
$
868
$
803
$
803
$
263
$
263
$
235
$
235
10 years
$
1,418
$
1,418
$
1,498
$
1,498
$
1,554
$
1,554
$
591
$
591
$
530
$
530
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 26 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a stable neutral asset allocation strategy (approximately 11% in U.S. equity funds, 8% in international equity funds, 43% in U.S. investment grade bond funds, 5% in international bond funds, 3% in long-term treasury bond funds, 20% in long-term inflation-protected bond funds, 0% in short-term inflation-protected bond funds, and 10% in short-term funds). Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • Allocating assets among underlying Fidelity® funds and futures according to a stable neutral asset allocation of approximately:
U.S. Equity Funds 11%
International Equity Funds 8%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 43%
Long-Term Treasury Bond Funds 3%
Long-Term Inflation-Protected Bond Funds 20%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 10%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • Inflation-Protected Debt Exposure.
Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
4.22 %
 
3.48 %
 
- 0.80 %
 
4.87 %
 
7.80 %
 
- 1.94 %
 
10.85 %
 
8.45 %
 
2.90 %
 
- 11.66 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
6.31 %
June 30, 2020
   Lowest Quarter Return
- 6.29 %
June 30, 2022
   Year-to-Date Return
3.44 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 16.74 %
0.20 %
2.02 %
   Return After Taxes on Distributions
- 18.19 %
- 1.24 %
0.71 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 9.51 %
- 0.18 %
1.21 %
Class M - Return Before Taxes  
- 14.96 %
0.42 %
2.00 %
Class C - Return Before Taxes  
- 13.10 %
0.64 %
2.01 %
Class I - Return Before Taxes  
- 11.39 %
1.66 %
2.88 %
Class Z - Return Before Taxes  
- 11.41 %
1.91 % A
-
Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses, or taxes)
 
- 13.01 %
 
0.02 %
 
1.06 %
Fidelity Freedom Income Composite Index℠
(reflects no deduction for fees or expenses)
 
- 11.04 %
 
1.86 %
 
2.97 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2005 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2005 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.47 %   A
0.47 %   A
0.47 %   A
0.47 %   A
0.42 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.72 %   A
0.97 %   A
1.47 %   A
0.47 %   A
0.42 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
644
$
644
$
445
$
445
$
250
$
150
$
48
$
48
$
43
$
43
3 years
$
792
$
792
$
648
$
648
$
465
$
465
$
151
$
151
$
135
$
135
5 years
$
953
$
953
$
868
$
868
$
803
$
803
$
263
$
263
$
235
$
235
10 years
$
1,418
$
1,418
$
1,498
$
1,498
$
1,554
$
1,554
$
591
$
591
$
530
$
530
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 23 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2005. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 12%
International Equity Funds 8%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 43%
Long-Term Treasury Bond Funds 3%
Long-Term Inflation-Protected Bond Funds 19%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 10%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who retired in or within a few years of 2005 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • Inflation-Protected Debt Exposure.
Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
7.66 %
 
4.07 %
 
- 0.80 %
 
5.57 %
 
10.02 %
 
- 2.69 %
 
12.42 %
 
9.16 %
 
3.58 %
 
- 12.04 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
7.40 %
June 30, 2020
   Lowest Quarter Return
- 6.50 %
June 30, 2022
   Year-to-Date Return
3.55 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 17.10 %
0.50 %
2.84 %
   Return After Taxes on Distributions
- 18.65 %
- 1.29 %
1.26 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 9.65 %
0.07 %
1.85 %
Class M - Return Before Taxes  
- 15.30 %
0.75 %
2.83 %
Class C - Return Before Taxes  
- 13.53 %
0.95 %
2.84 %
Class I - Return Before Taxes  
- 11.78 %
1.97 %
3.72 %
Class Z - Return Before Taxes  
- 11.78 %
2.17 % A
-
Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses, or taxes)
 
- 13.01 %
 
0.02 %
 
1.06 %
Fidelity Freedom 2005 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 11.46 %
 
2.18 %
 
3.92 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2010 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2010 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.48 %   A
0.48 %   A
0.48 %   A
0.48 %   A
0.43 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.73 %   A
0.98 %   A
1.48 %   A
0.48 %   A
0.43 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
645
$
645
$
446
$
446
$
251
$
151
$
49
$
49
$
44
$
44
3 years
$
795
$
795
$
651
$
651
$
468
$
468
$
154
$
154
$
138
$
138
5 years
$
958
$
958
$
873
$
873
$
808
$
808
$
269
$
269
$
241
$
241
10 years
$
1,429
$
1,429
$
1,509
$
1,509
$
1,565
$
1,565
$
604
$
604
$
542
$
542
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 20 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2010. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 17%
International Equity Funds 11%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 39%
Long-Term Treasury Bond Funds 3%
Long-Term Inflation-Protected Bond Funds 14%
Short-Term Inflation-Protected Bond Funds 3%
Short-Term Funds 7%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who retired in or within a few years of 2010 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • Inflation-Protected Debt Exposure.
Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
10.50 %
 
4.39 %
 
- 0.88 %
 
6.15 %
 
11.86 %
 
- 3.49 %
 
14.50 %
 
10.61 %
 
5.13 %
 
- 13.43 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
9.10 %
June 30, 2020
   Lowest Quarter Return
- 8.35 %
March 31, 2020
   Year-to-Date Return
4.00 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 18.41 %
0.95 %
3.59 %
   Return After Taxes on Distributions
- 20.01 %
- 1.02 %
1.79 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 10.28 %
0.44 %
2.44 %
Class M - Return Before Taxes  
- 16.67 %
1.17 %
3.58 %
Class C - Return Before Taxes  
- 14.83 %
1.38 %
3.58 %
Class I - Return Before Taxes  
- 13.23 %
2.39 %
4.47 %
Class Z - Return Before Taxes  
- 13.15 %
2.59 % A
-
Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses, or taxes)
 
- 13.01 %
 
0.02 %
 
1.06 %
Fidelity Freedom 2010 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 12.90 %
 
2.58 %
 
4.76 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2015 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2015 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.53 %   A
0.53 %   A
0.53 %   A
0.53 %   A
0.46 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.78 %   A
1.03 %   A
1.53 %   A
0.53 %   A
0.46 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
650
$
650
$
451
$
451
$
256
$
156
$
54
$
54
$
47
$
47
3 years
$
810
$
810
$
666
$
666
$
483
$
483
$
170
$
170
$
148
$
148
5 years
$
983
$
983
$
899
$
899
$
834
$
834
$
296
$
296
$
258
$
258
10 years
$
1,486
$
1,486
$
1,565
$
1,565
$
1,621
$
1,621
$
665
$
665
$
579
$
579
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 20 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2015. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 23%
International Equity Funds 15%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 36%
Long-Term Treasury Bond Funds 3%
Long-Term Inflation-Protected Bond Funds 8%
Short-Term Inflation-Protected Bond Funds 5%
Short-Term Funds 4%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who retired in or within a few years of 2015 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • Inflation-Protected Debt Exposure.
Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
11.30 %
 
4.65 %
 
- 0.88 %
 
6.61 %
 
13.79 %
 
- 4.37 %
 
16.59 %
 
11.89 %
 
6.72 %
 
- 14.83 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
10.73 %
June 30, 2020
   Lowest Quarter Return
- 10.45 %
March 31, 2020
   Year-to-Date Return
4.42 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 19.72 %
1.34 %
4.12 %
   Return After Taxes on Distributions
- 21.41 %
- 0.89 %
2.15 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 10.90 %
0.75 %
2.86 %
Class M - Return Before Taxes  
- 18.05 %
1.56 %
4.10 %
Class C - Return Before Taxes  
- 16.29 %
1.78 %
4.11 %
Class I - Return Before Taxes  
- 14.63 %
2.81 %
4.99 %
Class Z - Return Before Taxes  
- 14.59 %
2.93 % A
-
Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses, or taxes)
 
- 13.01 %
 
0.02 %
 
1.06 %
Fidelity Freedom 2015 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 14.37 %
 
2.97 %
 
5.32 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2020 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2020 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.57 %   A
0.57 %   A
0.57 %   A
0.57 %   A
0.50 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.82 %   A
1.07 %   A
1.57 %   A
0.57 %   A
0.50 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
654
$
654
$
455
$
455
$
260
$
160
$
58
$
58
$
51
$
51
3 years
$
822
$
822
$
678
$
678
$
496
$
496
$
183
$
183
$
160
$
160
5 years
$
1,004
$
1,004
$
919
$
919
$
855
$
855
$
318
$
318
$
280
$
280
10 years
$
1,530
$
1,530
$
1,610
$
1,610
$
1,666
$
1,666
$
714
$
714
$
628
$
628
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 21 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2020. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 28%
International Equity Funds 19%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 32%
Long-Term Treasury Bond Funds 4%
Long-Term Inflation-Protected Bond Funds 3%
Short-Term Inflation-Protected Bond Funds 8%
Short-Term Funds 2%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who retired in or within a few years of 2020 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Inflation-Protected Debt Exposure.
Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
12.67 %
 
4.85 %
 
- 0.91 %
 
6.93 %
 
14.97 %
 
- 5.05 %
 
18.40 %
 
13.04 %
 
8.33 %
 
- 16.30 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
12.25 %
June 30, 2020
   Lowest Quarter Return
- 12.36 %
March 31, 2020
   Year-to-Date Return
4.96 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 21.11 %
1.67 %
4.57 %
   Return After Taxes on Distributions
- 22.84 %
- 0.55 %
2.65 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 11.59 %
1.03 %
3.24 %
Class M - Return Before Taxes  
- 19.40 %
1.90 %
4.55 %
Class C - Return Before Taxes  
- 17.69 %
2.12 %
4.56 %
Class I - Return Before Taxes  
- 16.11 %
3.14 %
5.45 %
Class Z - Return Before Taxes  
- 16.07 %
3.25 % A
-
Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses, or taxes)
 
- 13.01 %
 
0.02 %
 
1.06 %
Fidelity Freedom 2020 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 15.86 %
 
3.29 %
 
5.81 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2025 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2025 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.61 %   A
0.61 %   A
0.61 %   A
0.61 %   A
0.53 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.86 %   A
1.11 %   A
1.61 %   A
0.61 %   A
0.53 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
658
$
658
$
459
$
459
$
264
$
164
$
62
$
62
$
54
$
54
3 years
$
834
$
834
$
691
$
691
$
508
$
508
$
195
$
195
$
170
$
170
5 years
$
1,024
$
1,024
$
940
$
940
$
876
$
876
$
340
$
340
$
296
$
296
10 years
$
1,575
$
1,575
$
1,654
$
1,654
$
1,710
$
1,710
$
762
$
762
$
665
$
665
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 21 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2025. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 33%
International Equity Funds 22%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 28%
Long-Term Treasury Bond Funds 4%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 8%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2025 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
15.86 %
 
5.11 %
 
- 0.87 %
 
7.08 %
 
16.25 %
 
- 5.72 %
 
19.99 %
 
13.84 %
 
9.55 %
 
- 16.91 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
13.33 %
June 30, 2020
   Lowest Quarter Return
- 13.81 %
March 31, 2020
   Year-to-Date Return
5.21 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 21.68 %
2.01 %
5.20 %
   Return After Taxes on Distributions
- 23.38 %
- 0.08 %
3.33 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 11.91 %
1.31 %
3.76 %
Class M - Return Before Taxes  
- 20.05 %
2.25 %
5.19 %
Class C - Return Before Taxes  
- 18.32 %
2.47 %
5.21 %
Class I - Return Before Taxes  
- 16.73 %
3.48 %
6.09 %
Class Z - Return Before Taxes  
- 16.62 %
3.60 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2025 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 16.51 %
 
3.63 %
 
6.54 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2030 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2030 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.65 %   A
0.65 %   A
0.65 %   A
0.65 %   A
0.57 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.01 %   B
0.01 %   B
0.01 %   B
0.01 %   B
0.00 %   
Total annual operating expenses
0.91 %   A
1.16 %   A
1.66 %   A
0.66 %   A
0.57 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
663
$
663
$
464
$
464
$
269
$
169
$
67
$
67
$
58
$
58
3 years
$
848
$
848
$
706
$
706
$
523
$
523
$
211
$
211
$
183
$
183
5 years
$
1,050
$
1,050
$
966
$
966
$
902
$
902
$
368
$
368
$
318
$
318
10 years
$
1,630
$
1,630
$
1,710
$
1,710
$
1,766
$
1,766
$
822
$
822
$
714
$
714
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 22 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2030. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 37%
International Equity Funds 24%
International Bond Funds 5%
U.S. Investment Grade Bond Funds 26%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 4%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2030 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Correlation to Index.
The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
  • Passive Management Risk.
Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
17.30 %
 
5.16 %
 
- 0.90 %
 
7.72 %
 
18.97 %
 
- 6.74 %
 
22.51 %
 
14.76 %
 
10.81 %
 
- 17.14 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
15.07 %
June 30, 2020
   Lowest Quarter Return
- 15.91 %
March 31, 2020
   Year-to-Date Return
5.43 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 21.90 %
2.56 %
5.92 %
   Return After Taxes on Distributions
- 23.55 %
0.40 %
4.02 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 11.99 %
1.74 %
4.36 %
Class M - Return Before Taxes  
- 20.25 %
2.79 %
5.91 %
Class C - Return Before Taxes  
- 18.55 %
3.00 %
5.91 %
Class I - Return Before Taxes  
- 16.94 %
4.05 %
6.82 %
Class Z - Return Before Taxes  
- 16.86 %
4.07 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2030 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 16.76 %
 
4.16 %
 
7.33 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2035 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2035 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.70 %   A
0.70 %   A
0.70 %   A
0.70 %   A
0.60 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.95 %   A
1.20 %   A
1.70 %   A
0.70 %   A
0.60 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
666
$
666
$
468
$
468
$
273
$
173
$
72
$
72
$
61
$
61
3 years
$
860
$
860
$
718
$
718
$
536
$
536
$
224
$
224
$
192
$
192
5 years
$
1,070
$
1,070
$
987
$
987
$
923
$
923
$
390
$
390
$
335
$
335
10 years
$
1,674
$
1,674
$
1,754
$
1,754
$
1,810
$
1,810
$
871
$
871
$
750
$
750
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 22 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2035. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 44%
International Equity Funds 30%
International Bond Funds 4%
U.S. Investment Grade Bond Funds 17%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2035 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Prepayment.
The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
19.95 %
 
5.21 %
 
- 1.04 %
 
8.11 %
 
21.19 %
 
- 8.04 %
 
25.45 %
 
16.10 %
 
13.61 %
 
- 17.88 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
17.51 %
June 30, 2020
   Lowest Quarter Return
- 19.12 %
March 31, 2020
   Year-to-Date Return
5.78 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 22.60 %
3.33 %
6.78 %
   Return After Taxes on Distributions
- 24.29 %
1.12 %
4.85 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.23 %
2.36 %
5.08 %
Class M - Return Before Taxes  
- 20.96 %
3.55 %
6.77 %
Class C - Return Before Taxes  
- 19.29 %
3.77 %
6.78 %
Class I - Return Before Taxes  
- 17.68 %
4.82 %
7.69 %
Class Z - Return Before Taxes  
- 17.61 %
4.80 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2035 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 17.53 %
 
4.92 %
 
8.28 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2040 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2040 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.74 %   A
0.74 %   A
0.74 %   A
0.74 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.00 %   
Total annual operating expenses
0.99 %   A
1.24 %   A
1.74 %   A
0.74 %   A
0.64 %   A
A Adjusted to reflect current fees.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
670
$
670
$
472
$
472
$
277
$
177
$
76
$
76
$
65
$
65
3 years
$
872
$
872
$
730
$
730
$
548
$
548
$
237
$
237
$
205
$
205
5 years
$
1,091
$
1,091
$
1,007
$
1,007
$
944
$
944
$
411
$
411
$
357
$
357
10 years
$
1,718
$
1,718
$
1,797
$
1,797
$
1,853
$
1,853
$
918
$
918
$
798
$
798
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 22 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2040. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 52%
International Equity Funds 35%
International Bond Funds 2%
U.S. Investment Grade Bond Funds 6%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2040 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
20.27 %
 
5.19 %
 
- 1.00 %
 
8.15 %
 
21.34 %
 
- 8.51 %
 
26.39 %
 
17.08 %
 
15.69 %
 
- 18.50 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.75 %
June 30, 2020
   Lowest Quarter Return
- 20.68 %
March 31, 2020
   Year-to-Date Return
6.27 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 23.19 %
3.77 %
7.06 %
   Return After Taxes on Distributions
- 24.97 %
1.53 %
5.11 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.43 %
2.72 %
5.31 %
Class M - Return Before Taxes  
- 21.56 %
3.99 %
7.04 %
Class C - Return Before Taxes  
- 19.85 %
4.21 %
7.05 %
Class I - Return Before Taxes  
- 18.27 %
5.27 %
7.96 %
Class Z - Return Before Taxes  
- 18.19 %
5.28 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2040 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.14 %
 
5.41 %
 
8.60 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2045 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2045 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.75 %   A
0.75 %   A
0.75 %   A
0.75 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.01 %   B
Total annual operating expenses
1.00 %   A
1.25 %   A
1.75 %   A
0.75 %   A
0.65 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
671
$
671
$
473
$
473
$
278
$
178
$
77
$
77
$
66
$
66
3 years
$
875
$
875
$
733
$
733
$
551
$
551
$
240
$
240
$
208
$
208
5 years
$
1,096
$
1,096
$
1,012
$
1,012
$
949
$
949
$
417
$
417
$
362
$
362
10 years
$
1,729
$
1,729
$
1,808
$
1,808
$
1,864
$
1,864
$
930
$
930
$
810
$
810
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 22 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2045. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 54%
International Equity Funds 36%
International Bond Funds 1%
U.S. Investment Grade Bond Funds 4%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2045 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
20.92 %
 
5.24 %
 
- 1.08 %
 
8.20 %
 
21.32 %
 
- 8.52 %
 
26.33 %
 
17.17 %
 
15.64 %
 
- 18.54 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.87 %
June 30, 2020
   Lowest Quarter Return
- 20.69 %
March 31, 2020
   Year-to-Date Return
6.39 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 23.22 %
3.75 %
7.11 %
   Return After Taxes on Distributions
- 24.99 %
1.58 %
5.21 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.45 %
2.71 %
5.36 %
Class M - Return Before Taxes  
- 21.53 %
4.01 %
7.11 %
Class C - Return Before Taxes  
- 19.89 %
4.22 %
7.10 %
Class I - Return Before Taxes  
- 18.32 %
5.26 %
8.02 %
Class Z - Return Before Taxes  
- 18.28 %
5.25 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2045 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.17 %
 
5.41 %
 
8.65 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2050 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2050 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.75 %   A
0.75 %   A
0.75 %   A
0.75 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.01 %   B
Total annual operating expenses
1.00 %   A
1.25 %   A
1.75 %   A
0.75 %   A
0.65 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
671
$
671
$
473
$
473
$
278
$
178
$
77
$
77
$
66
$
66
3 years
$
875
$
875
$
733
$
733
$
551
$
551
$
240
$
240
$
208
$
208
5 years
$
1,096
$
1,096
$
1,012
$
1,012
$
949
$
949
$
417
$
417
$
362
$
362
10 years
$
1,729
$
1,729
$
1,808
$
1,808
$
1,864
$
1,864
$
930
$
930
$
810
$
810
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 21 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2050. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 54%
International Equity Funds 36%
International Bond Funds 1%
U.S. Investment Grade Bond Funds 4%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2050 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
21.16 %
 
5.29 %
 
- 1.05 %
 
8.19 %
 
21.35 %
 
- 8.49 %
 
26.28 %
 
17.16 %
 
15.71 %
 
- 18.55 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.74 %
June 30, 2020
   Lowest Quarter Return
- 20.62 %
March 31, 2020
   Year-to-Date Return
6.37 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 23.24 %
3.76 %
7.14 %
   Return After Taxes on Distributions
- 24.97 %
1.61 %
5.26 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.48 %
2.71 %
5.39 %
Class M - Return Before Taxes  
- 21.56 %
4.00 %
7.13 %
Class C - Return Before Taxes  
- 19.86 %
4.20 %
7.13 %
Class I - Return Before Taxes  
- 18.35 %
5.25 %
8.04 %
Class Z - Return Before Taxes  
- 18.20 %
5.26 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2050 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.17 %
 
5.41 %
 
8.68 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2055 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2055 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.75 %   A
0.75 %   A
0.75 %   A
0.75 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.01 %   B
Total annual operating expenses
1.00 %   A
1.25 %   A
1.75 %   A
0.75 %   A
0.65 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
671
$
671
$
473
$
473
$
278
$
178
$
77
$
77
$
66
$
66
3 years
$
875
$
875
$
733
$
733
$
551
$
551
$
240
$
240
$
208
$
208
5 years
$
1,096
$
1,096
$
1,012
$
1,012
$
949
$
949
$
417
$
417
$
362
$
362
10 years
$
1,729
$
1,729
$
1,808
$
1,808
$
1,864
$
1,864
$
930
$
930
$
810
$
810
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 21 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2055. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 54%
International Equity Funds 36%
International Bond Funds 1%
U.S. Investment Grade Bond Funds 4%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2055 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
 
22.02 %
 
5.24 %
 
- 1.05 %
 
8.19 %
 
21.36 %
 
- 8.54 %
 
26.36 %
 
17.18 %
 
15.66 %
 
- 18.51 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.73 %
June 30, 2020
   Lowest Quarter Return
- 20.65 %
March 31, 2020
   Year-to-Date Return
6.27 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Past 10
years
Class A - Return Before Taxes  
- 23.20 %
3.76 %
7.21 %
   Return After Taxes on Distributions
- 24.93 %
1.73 %
5.57 %
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.45 %
2.73 %
5.52 %
Class M - Return Before Taxes  
- 21.52 %
4.00 %
7.19 %
Class C - Return Before Taxes  
- 19.82 %
4.23 %
7.19 %
Class I - Return Before Taxes  
- 18.29 %
5.27 %
8.12 %
Class Z - Return Before Taxes  
- 18.25 %
5.26 % A
-
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
12.56 %
Fidelity Freedom 2055 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.17 %
 
5.41 %
 
8.78 %
 
 
 
 
A From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2011.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2060 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2060 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.75 %   A
0.75 %   A
0.75 %   A
0.75 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.01 %   B
Total annual operating expenses
1.00 %   A
1.25 %   A
1.75 %   A
0.75 %   A
0.65 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
671
$
671
$
473
$
473
$
278
$
178
$
77
$
77
$
66
$
66
3 years
$
875
$
875
$
733
$
733
$
551
$
551
$
240
$
240
$
208
$
208
5 years
$
1,096
$
1,096
$
1,012
$
1,012
$
949
$
949
$
417
$
417
$
362
$
362
10 years
$
1,729
$
1,729
$
1,808
$
1,808
$
1,864
$
1,864
$
930
$
930
$
810
$
810
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 21 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2060. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 54%
International Equity Funds 36%
International Bond Funds 1%
U.S. Investment Grade Bond Funds 4%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2060 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Prior to June 1, 2017, the fund operated under a different pricing structure. The fund's historical performance prior to June 1, 2017, does not reflect the fund's current pricing structure.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
 
 
2015
2016
2017
2018
2019
2020
2021
2022
 
- 1.01 %
 
8.12 %
 
21.35 %
 
- 8.49 %
 
26.33 %
 
17.04 %
 
15.73 %
 
- 18.57 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.74 %
June 30, 2020
   Lowest Quarter Return
- 20.72 %
March 31, 2020
   Year-to-Date Return
6.37 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Past 5
years
Life of
class
Class A - Return Before Taxes  
- 23.25 %
3.74 %
5.76 % A
   Return After Taxes on Distributions
- 24.93 %
1.86 %
4.25 % A
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.54 %
2.72 %
4.35 % A
Class M - Return Before Taxes  
- 21.55 %
3.98 %
5.79 % B
Class C - Return Before Taxes  
- 19.89 %
4.20 %
5.74 % C
Class I - Return Before Taxes  
- 18.29 %
5.25 %
6.77 % D
Class Z - Return Before Taxes  
- 18.19 %
-
5.27 % E
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.42 %
 
10.68 %
Fidelity Freedom 2060 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.17 %
 
5.41 %
 
6.94 %
 
 
 
 
A From August 5, 2014
B From August 5, 2014
C From August 5, 2014
D From August 5, 2014
E From October 2, 2018
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2014.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2014.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Summary
Fund /Class:
Fidelity Advisor Freedom® 2065 Fund
/A, M, C, I, Z  
Investment Objective
Fidelity Advisor Freedom® 2065 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $ 50,000 in the fund or certain other Fidelity ® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 106 of the prospectus. Different intermediaries may provide additional waivers or reductions of the sales charge. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus.
Shareholder fees
(fees paid directly from your investment)
 
Class A
Class M
Class C
Class I
Class Z
Maximum sales charge (load) on purchases (as a % of offering price)
5.75 %
3.50 %
None
None
None
 
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption
proceeds)
None A
 
None A
 
1.00 % B
 
None
 
None
 
 
 
 
 
 
 
A Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.
B On Class C shares redeemed less than one year after purchase.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
 
Class A
Class M
Class C
Class I
Class Z
Management fee
0.75 %   A
0.75 %   A
0.75 %   A
0.75 %   A
0.64 %   A
Distribution and/or Service (12b-1) fees
0.25 %   
0.50 %   
1.00 %   
None   
None   
Other expenses
0.00 %   
0.00 %   
0.00 %   
0.00 %   
0.01 %   B
Total annual operating expenses
1.00 %   A
1.25 %   A
1.75 %   A
0.75 %   A
0.65 %   A
A Adjusted to reflect current fees.
B For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
 
Class A
Class M
Class C
Class I
Class Z
 
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
Sell All
Shares
Hold
Shares
1 year
$
671
$
671
$
473
$
473
$
278
$
178
$
77
$
77
$
66
$
66
3 years
$
875
$
875
$
733
$
733
$
551
$
551
$
240
$
240
$
208
$
208
5 years
$
1,096
$
1,096
$
1,012
$
1,012
$
949
$
949
$
417
$
417
$
362
$
362
10 years
$
1,729
$
1,729
$
1,808
$
1,808
$
1,864
$
1,864
$
930
$
930
$
810
$
810
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 31 % of the average value of its portfolio.
Principal Investment Strategies
  • Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds).
  • Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund, approximately 10 to 19 years after the year 2065. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.
  • The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.
  • Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
  • The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
  • As of April 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately:
U.S. Equity Funds 54%
International Equity Funds 36%
International Bond Funds 1%
U.S. Investment Grade Bond Funds 4%
Long-Term Treasury Bond Funds 5%
Long-Term Inflation-Protected Bond Funds 0%
Short-Term Inflation-Protected Bond Funds 0%
Short-Term Funds 0%
* The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding.
  • The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.
  • The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
  • Designed for investors who anticipate retiring in or within a few years of 2065 (target retirement date) at or around age 65.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
Principal Investment Risks
Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date.
  • Asset Allocation Risk.
The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
  • Investing in Other Funds.
The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
  • Stock Market Volatility.
The Adviser will continue to invest the fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Interest Rate Changes.
Interest rate increases can cause the price of a debt or money market security to decrease.
  • Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Geographic Exposure to China.
Because an underlying fund invests a meaningful portion of its assets in China, the underlying fund's performance is expected to be closely tied to social, political, and economic conditions in China and to be more volatile than the performance of more geographically diversified funds. The fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese company's performance and the enforceability of the VIE's contractual arrangements with the Chinese company.
  • Industry Exposure.
Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.
  • Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.
  • Leverage Risk.
Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
  • "Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
  • "Value" Investing.
"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
  • Commodity-Linked Investing.
The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.
  • Commodity Futures.
Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Visit institutional.fidelity.com for more recent performance information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
 
 
 
 
 
 
 
 
2020
2021
2022
 
16.98 %
 
15.73 %
 
- 18.50 %
 
During the periods shown in the chart for Class A:
Returns
Quarter ended
   Highest Quarter Return
18.72 %
June 30, 2020
   Lowest Quarter Return
- 20.69 %
March 31, 2020
   Year-to-Date Return
6.36 %
March 31, 2023
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
 
For the periods ended December 31, 2022
Past 1
year
Life of
class
Class A - Return Before Taxes  
- 23.19 %
3.52 % A
   Return After Taxes on Distributions
- 24.65 %
2.04 % A
- Return After Taxes on Distributions and Sale of Fund Shares
- 12.70 %
2.60 % A
Class M - Return Before Taxes  
- 21.49 %
3.97 % B
Class C - Return Before Taxes  
- 19.82 %
4.49 % C
Class I - Return Before Taxes  
- 18.32 %
5.53 % D
Class Z - Return Before Taxes  
- 18.20 %
5.65 % E
S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)
 
- 18.11 %
 
9.70 %
Fidelity Freedom 2065 Composite Index℠
(reflects no deduction for fees or expenses)
 
- 18.17 %
 
5.44 %
 
 
 
A From June 28, 2019
B From June 28, 2019
C From June 28, 2019
D From June 28, 2019
E From June 28, 2019
Investment Adviser
FMR (the Adviser) is the fund's manager.
Portfolio Manager(s)
Andrew Dierdorf (Co-Portfolio Manager) has managed the fund since 2019.
Brett Sumsion (Co-Portfolio Manager) has managed the fund since 2019.
Purchase and Sale of Shares
You may buy or sell shares through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
Internet
institutional.fidelity.com
Phone
To reach a Fidelity representative 1-877-208-0098
Mail
 
Fidelity Investments
P.O. Box 770002
Cincinnati, OH  45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Class I and Class Z eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.
The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.
The price to buy one share of Class C, Class I, or Class Z is its NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).
The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
There is no purchase minimum for fund shares.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Fund Basics
Investment Details
Investment Objective
Fidelity Advisor Freedom® Income Fund seeks high total return with a secondary objective of principal preservation.
Each of Fidelity Advisor Freedom ® 2005 Fund, Fidelity Advisor Freedom ® 2010 Fund, Fidelity Advisor Freedom ® 2015 Fund, Fidelity Advisor Freedom ® 2020 Fund, Fidelity Advisor Freedom ® 2025 Fund, Fidelity Advisor Freedom ® 2030 Fund, Fidelity Advisor Freedom ® 2035 Fund, Fidelity Advisor Freedom ® 2040 Fund, Fidelity Advisor Freedom ® 2045 Fund, Fidelity Advisor Freedom ® 2050 Fund, Fidelity Advisor Freedom ® 2055 Fund, Fidelity Advisor Freedom ® 2060 Fund, and Fidelity Advisor Freedom ® 2065 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Principal Investment Strategies
The Adviser invests each fund's assets primarily in a combination of Fidelity ® funds: U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity ® funds). The funds differ primarily due to their asset allocations among these fund types. Because each fund allocates its assets among the underlying Fidelity ® funds based on fund types rather than on the actual holdings of the underlying Fidelity ® funds, each fund may have greater exposure to an asset class to the extent that an underlying Fidelity ® fund holds securities of more than one asset class. The neutral asset allocation strategy for each fund is designed to provide an approach to asset allocation that is neither overly aggressive nor overly conservative.
The Adviser allocates the assets of each fund (except Fidelity Advisor Freedom ® Income Fund) according to a neutral asset allocation strategy that adjusts over time. Each fund's name refers to the approximate retirement year of the investors for whom the fund's asset allocation strategy is designed. For example, Fidelity Advisor Freedom ® 2065 Fund, which is designed for investors planning to retire around the year 2065 and at or around age 65, has a neutral asset allocation, with a substantial portion of its assets invested in U.S. equity funds and international equity funds and a modest portion of its assets invested in bond funds. By contrast, Fidelity Advisor Freedom ® 2005 Fund, which has reached its target retirement year, has a neutral asset allocation, with a modest portion of its assets invested in U.S. equity and international equity funds and a substantial portion of its assets invested in bond funds and short-term funds.
Fidelity Advisor Freedom ®   Income Fund is designed for investors in their retirement years. The Adviser allocates the fund's assets according to a stable neutral asset allocation that emphasizes bond funds and short-term funds, but also includes an allocation to U.S. equity funds and international equity funds.
The neutral asset allocation shown in the glide path in each fund summary (except Fidelity Advisor Freedom® Income Fund) depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, inflation-protected bond, and long-term treasury bond), and short-term funds and represents the Adviser's view regarding how each fund's investments should be allocated among the various asset classes over the long term. Each fund's actual allocations may differ to the extent the Adviser employs its active allocation strategy. As discussed in each fund's summary, the active asset allocation strategy allows the Adviser to increase or decrease a fund's asset class exposures relative to its neutral asset allocation by up to 10% for equity funds, bond funds and short-term funds, to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. At no time, however, will a fund's investments in equity funds exceed 99%. The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth.
The Adviser may buy and sell futures contracts (both long and short positions) in each fund in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation. Depending on how they are used, these instruments may effectively increase or decrease a fund's allocation in one or more asset classes. Cash and other short-term instruments used to collateralize futures contracts are included in the short-term funds asset class.
When increasing or decreasing asset allocation to one or more asset classes, the Adviser will correspondingly reduce or increase exposure to the remaining asset classes. For example, if the Adviser's intermediate term market outlook were to favor fixed income securities, the Adviser may choose to increase each fund's asset allocation to underlying bond funds by up to 10% from each fund's neutral asset allocation to bond funds, by correspondingly reducing asset allocation to U.S. and/or international equity funds and/or short-term funds. Conversely, if fixed income investments were to fall out of favor based on the Adviser's intermediate term market outlook, the Adviser may choose to decrease exposures to underlying bond funds by increasing asset allocation to underlying U.S. and/or international equity funds and/or short-term funds.
Information concerning each fund's actual allocations to underlying funds will be available in each fund's shareholder report and on the funds' website from time to time.
Selecting a Fidelity Advisor Freedom® Fund
There are many considerations relevant to fund selection, including your individual income replacement goals ( i.e. , how much income do you expect to need in retirement), other expected income after retirement, inflation, other assets and risk tolerance. You should also consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund or a collection of funds will provide sufficient income in your retirement years. When selecting a fund, in addition to the considerations discussed above, you may wish to consider a fund with a target year near the year in which you anticipate your retirement to begin, having reached the age of at or around 65. It is important to note that the funds' asset allocation strategy is designed to provide income for shareholders through their retirement years and assumes that an investor will withdraw the value of his or her account gradually after retirement. Meeting your retirement goals is dependent upon many factors, including the amount you save and the period over which you do so. Investors should select the fund that best meets their individual circumstances and investment goals.
Asset Allocation Framework
The following chart illustrates how each fund's approximate asset allocation (except Fidelity Advisor Freedom® Income Fund) is expected to change over time. The funds' actual asset allocations may differ from this illustration. The Adviser may modify each fund's neutral asset allocations from time to time when in the interests of shareholders.
The neutral allocations shown in the glide path do not reflect any decisions made by the Adviser to overweight or underweight a particular asset class based on its market outlook. Each fund's asset allocation assigned to the asset classes above is not expected to vary from the neutral allocations set forth in the glide path by more than plus (+) or minus (-) 10%.
When the neutral asset allocation of a fund matches Fidelity Advisor Freedom® Income Fund's neutral asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Advisor Freedom® Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom® Income Fund.
The Adviser may modify the neutral asset allocation strategy and the active asset allocation strategy for any fund from time to time.
Description of Underlying Fidelity ®   Funds
Each fund invests in underlying Fidelity ®   funds. Although the underlying Fidelity ®   funds are categorized generally as U.S. equity, international equity, bond, and short-term funds, many of the underlying Fidelity ®   funds may invest in a mix of securities of international and U.S. issuers, investment-grade and high yield bonds, and other securities. Many of the underlying Fidelity ®   funds may also use various techniques, such as buying and selling futures contracts and exchange traded funds, to increase or decrease a fund's exposure to changing security prices or other factors that affect security values. Each Fidelity Advisor Freedom ®   Fund will purchase Class I shares of any underlying Fidelity ®   fund that offers Advisor classes of shares. The Adviser may modify the selection of underlying Fidelity ®   funds for any fund from time to time. When modifying the selection of underlying Fidelity ®   funds and transitioning in or out of one or more underlying Fidelity ®   funds, the Adviser may invest a fund's assets directly in securities for a period of time. Visit each fund's website for more information about the fund's approximate asset allocation to each underlying Fidelity ®   fund. The Adviser may change these allocations over time.
A brief description of the underlying Fidelity ® funds each fund may utilize as of the date of this prospectus, is provided in the funds' Statement of Additional Information (SAI). More detailed information about each underlying Fidelity ®   fund is available in each underlying Fidelity ®   fund's prospectus.  A copy of any underlying Fidelity® fund's prospectus is available at www.fidelity.com or institutional.fidelity.com.
Principal Investment Risks
Many factors affect each fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. A fund's share price changes daily based on the performance of the underlying Fidelity ® funds in which it invests. The ability of each fund to meet its investment objective is directly related to its asset allocation among underlying Fidelity ® funds and the ability of those funds to meet their investment objectives. If the Adviser's asset allocation strategy does not work as intended, a fund may not achieve its objective. Shareholders should consider that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at, or after the target retirement date.
The following factors can significantly affect a fund's performance:
Asset Allocation Risk. A fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.
Investing in Other Funds. A fund bears all risks of investment strategies employed by the underlying funds. A fund does not control the investments of the underlying funds, which may have different investment objectives and may engage in investment strategies that a fund would not engage in directly. Aggregation of underlying fund holdings may result in indirect concentration of assets in a particular industry or group of industries, or in a single issuer, which may increase volatility.
Stock Market Volatility . The Adviser will continue to invest each fund's assets in equity funds in the years following the fund's target retirement date in an effort to achieve the fund's overall investment objective. The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations, especially in foreign markets, can be dramatic over the short as well as long term, and different parts of the market, including different market sectors, and different types of equity securities can react differently to these developments. For example, stocks of companies in one sector can react differently from those in another, large cap stocks can react differently from small cap stocks, "growth" stocks can react differently from "value" stocks, and stocks selected using quantitative or technical analysis can react differently than stocks selected using fundamental analysis. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.
Floating Rate Loans. The value of the collateral securing a floating rate loan can decline, be insufficient to meet the obligations of the borrower, or be difficult to liquidate. As a result, a floating rate loan may not be fully collateralized and can decline significantly in value. Floating rate loans generally are subject to legal or contractual restrictions on resale. The liquidity of floating rate loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual floating rate loans. For example, if the credit quality of a floating rate loan unexpectedly declines significantly, secondary market trading in that floating rate loan can also decline for a period of time. During periods of infrequent trading, valuing a floating rate loan can be more difficult, and buying and selling a floating rate loan at an acceptable price can be more difficult and delayed, including extended trade settlement periods. Difficulty in selling a floating rate loan can result in a loss.
Interest Rate Changes. Debt securities, including money market securities, have varying levels of sensitivity to changes in interest rates. In general, the price of a debt security can fall when interest rates rise and can rise when interest rates fall. Securities with longer maturities and certain types of securities, such as mortgage securities and the securities of issuers in the financial services sector, can be more sensitive to interest rate changes, meaning the longer the maturity of a security, the greater the impact a change in interest rates could have on the security's price. Short-term and long-term interest rates do not necessarily move in the same amount or the same direction. Short-term securities tend to react to changes in short-term interest rates, and long-term securities tend to react to changes in long-term interest rates. Securities with floating interest rates can be less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much as interest rates in general. Securities whose payment at maturity is based on the movement of all or part of an index and inflation-protected debt securities may react differently from other types of debt securities. Some countries experience low or negative interest rates from time to time, which may magnify interest rate risk for the market as a whole and for a fund. In market environments where interest rates are rising, issuers may be less willing or able to make principal and/or interest payments on securities when due. The discontinuation and replacement of London Interbank Offered Rate (LIBOR) (an indicative measure of the average interest rate at which major global banks could borrow from one another) and other benchmark rates may have a significant impact on the financial markets and may adversely impact a fund's performance.
Income Risk. An underlying fund's income, or yield, is based on short-term interest rates, which can fluctuate significantly over short periods. A low or negative interest rate environment can adversely affect an underlying fund's yield and, depending on its duration and severity, could prevent an underlying fund from providing a positive yield and/or maintaining a stable $1.00 share price. In addition, an underlying fund's yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates. From time to time, the Adviser may reimburse expenses or waive fees for a class of an underlying fund in order to avoid a negative yield, but there is no guarantee that the class or fund will be able to avoid a negative yield.
Foreign Exposure. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations, and securities for which an entity located in a foreign country provides credit support or a maturity-shortening structure can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign exchange rates; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.
Investing in emerging markets can involve risks in addition to and greater than those generally associated with investing in more developed foreign markets. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets economies can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. All of these factors can make emerging markets securities more volatile and potentially less liquid than securities issued in more developed markets.
Global economies and financial markets are becoming increasingly interconnected, which increases the possibilities that conditions in one country or region might adversely impact issuers or providers in, or foreign exchange rates with, a different country or region.
Foreign Currency Transactions. A fund that invests in securities denominated in foreign currencies may enter into forward foreign currency exchange contracts. A forward foreign currency exchange contract, which involves an obligation to purchase or sell a specific currency at a future date at a price set at the time of the contract, reduces a fund's exposure to changes in the value of the currency it will deliver and increases its exposure to changes in the value of the currency it will receive for the duration of the contract. Certain foreign currency transactions may also be settled in cash rather than the actual delivery of the relevant currency. A contract to sell a foreign currency would limit any potential gain that might be realized if the value of the hedged currency increases. Suitable hedging transactions may not be available in all circumstances, may not be successful, and may eliminate any chance for the fund to benefit from favorable fluctuations in relevant foreign currencies.
Currency Exposure. Because an underlying fund is normally heavily exposed to foreign currencies, it could experience losses based solely on the weakness of foreign currencies versus the U.S. dollar and changes in the exchange rates between foreign currencies and the U.S. dollar. Currency risk may be particularly high to the extent that a fund invests in foreign currencies or engages in foreign currency transactions that are economically tied to emerging markets countries. These emerging markets currency transactions may present market, credit, currency, liquidity, legal, political and other risks different from, or greater than, the risks of investing in developed foreign currencies or engaging in foreign currency transactions that are economically tied to developed foreign countries.
Geographic Exposure. Social, political, and economic conditions and changes in regulatory, tax, or economic policy in a country or region could significantly affect the market in that country or region. From time to time, a small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic, currency, or regulatory developments. Similarly, from time to time, an underlying fund may invest a meaningful portion of its assets in the securities of issuers located in a single country or a limited number of countries. If an underlying fund invests in this manner, there is a higher risk that social, political, economic, tax (such as a tax on foreign investments or financial transactions), currency, or regulatory developments in those countries may have a significant impact on the underlying fund's investment performance.
Special Considerations regarding China . The Chinese economy is dependent on the economies of other countries and can be significantly affected by currency fluctuations and increasing competition from Asia's other low-cost emerging economies. The willingness and ability of the Chinese government to support the Chinese economy and markets is uncertain. China has yet to develop comprehensive securities, corporate, or commercial laws, its market is relatively new and less developed, and its economy is experiencing a relative slowdown. Also, foreign investments may be subject to certain restrictions. Changes in Chinese government policy and economic growth rates could significantly affect local markets. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers or a downturn in any of the economies of China's key trading partners may have an adverse impact on the securities of Chinese issuers. Concerns exist regarding a potential trade war between China and the United States, which may trigger a significant reduction in international trade, the oversupply of certain manufactured goods, substantial price reductions of goods and possible failure of individual companies and/or large segments of China's export industry, all of which may have a negative impact on a fund's investments.
A fund may obtain exposure to companies based or operated in China by investing through legal structures known as variable interest entities (VIEs). Instead of directly owning the equity securities of a Chinese company, a VIE enters into service and other contracts with the Chinese company. Although the VIE has no equity ownership of the Chinese company, the contractual arrangements permit the VIE to consolidate the Chinese company into its financial statements. VIE investments are subject to the risk that any breach of these contractual arrangements will be subject to Chinese law and jurisdiction, that Chinese law may be interpreted or change in a way that affects the enforceability of the VIE's arrangements, or that contracts between the Chinese company and the VIE may otherwise not be enforceable under Chinese law. Thus, limiting the remedies and rights of investors such as the fund. If these risks materialize, the value of investments in VIEs could be adversely affected and a fund could incur significant losses with no recourse available.
Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or a group of related industries, and the securities of companies in that industry or group of industries could react similarly to these or other developments. In addition, from time to time, a small number of companies may represent a large portion of a single industry or a group of related industries as a whole, and these companies can be sensitive to adverse economic, regulatory, or financial developments.
The commodities industries can be significantly affected by the level and volatility of commodity prices; the rate of commodity consumption; world events including international monetary and political developments; import controls, export controls, and worldwide competition; exploration and production spending; and tax and other government regulations and economic conditions.
The real estate   industry is particularly sensitive to economic downturns. The value of securities of issuers in the real estate industry, including real estate investment trusts (REITs), can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer. In addition, the value of REITs can depend on the structure of and cash flow generated by the REIT, and REITs may not have diversified holdings. Because REITs are pooled investment vehicles that have expenses of their own, the fund will indirectly bear its proportionate share of those expenses.
Subsidiary Risk . An underlying fund may invest a portion of its assets in a wholly-owned subsidiary (the Subsidiary). The investments held by the Subsidiary are generally similar to those that are permitted to be held by the underlying fund that invests in it and, therefore, the Subsidiary is subject to risks similar to those of such fund, including the risks associated with investing in derivatives and commodity-linked investing in general. Because the Subsidiary is organized under Cayman Islands law and is not registered under the Investment Company Act of 1940 (1940 Act), the Subsidiary is not subject to the investor protections of the 1940 Act. Changes in U.S. or Cayman Islands laws could result in the inability of such fund and/or the Subsidiary to operate as described in this prospectus.
Prepayment. Many types of debt securities, including mortgage securities, inflation-protected debt securities, and floating rate loans, are subject to prepayment risk. Prepayment risk occurs when the issuer of a security can repay principal prior to the security's maturity. Securities subject to prepayment can offer less potential for gains during a declining interest rate environment or when the credit quality of an issuer improves and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a debt security can be difficult to predict and result in greater volatility.
Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending transaction), changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value and an issuer's or counterparty's ability to pay interest and principal when due or result in delays in recovering securities and/or capital from a counterparty. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes, and if the structure of a security fails to function as intended, the security could decline in value. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), including floating rate loans, and certain types of other securities tend to be particularly sensitive to these changes.
Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities often fluctuates in response to company, political, or economic developments and can decline significantly over short as well as long periods of time or during periods of general or regional economic difficulty. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) can be thinly traded or have restrictions on resale, making them difficult to sell at an acceptable price, and often are considered to be speculative. The default rate for lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) is likely to be higher during economic recessions or periods of high interest rates.
Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, imperfect correlation between the underlying fund's securities and those in its index, timing differences associated with additions to and deletions from the index, and changes in the component securities. In addition, an underlying index fund may not be able to invest in certain securities in its index or invest in them in the exact proportions in which they are represented in the index due to regulatory restrictions. An underlying index fund may not be fully invested at times, either as a result of cash flows into the underlying fund or as a result of reserves of cash held by the underlying fund to meet redemptions. The use of sampling techniques or futures or other derivative positions may affect an underlying index fund's ability to achieve close correlation with its index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
Passive Management Risk.   Some of the underlying funds in which each fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. The structure and composition of an underlying index fund's index will affect the performance, volatility, and risk of the index and, consequently, the performance, volatility, and risk of the fund. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.
Leverage Risk. Derivatives, forward-settling securities and short sale transactions involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Forward-settling securities and short sale transactions also involve the risk that a security will not be issued, delivered, available for purchase, or paid for when anticipated. An increase in the market price of securities sold short will result in a loss. Government legislation or regulation could affect the use of these transactions and could limit a fund's ability to pursue its investment strategies.
Hybrid and Preferred Securities Risk. The risks of investing in hybrid and preferred securities reflect a combination of the risks of investing in securities, options, futures, and currencies. An investment in a hybrid or preferred security may entail significant risks that are not associated with a similar investment in a traditional debt or equity security. The risks of a particular hybrid or preferred security will depend upon the terms of the instrument, but may include the possibility of significant changes in the value of any applicable reference instrument. Such risks may depend upon factors unrelated to the operations or credit quality of the issuer of the hybrid or preferred security. Hybrid and preferred securities are potentially more volatile and carry greater market and liquidity risks than traditional debt or equity securities. Also, the price of the hybrid or preferred security and any applicable reference instrument may not move in the same direction or at the same time.
"Growth" Investing . "Growth" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Growth" stocks tend to be more expensive relative to their earnings or assets compared to other types of stocks. As a result, "growth" stocks tend to be sensitive to changes in their earnings and more volatile than other types of stocks.
"Value" Investing . "Value" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Value" stocks tend to be inexpensive relative to their earnings or assets compared to other types of stocks. However, "value" stocks can continue to be inexpensive for long periods of time and may not ever realize their full value.
Inflation-Protected Debt Exposure. Inflation-protected debt securities tend to react to changes in real interest rates. Real interest rates represent nominal (stated) interest rates reduced by the expected impact of inflation. In general, the price of an inflation-protected debt security can fall when real interest rates rise, and can rise when real interest rates fall. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal and/or interest is adjusted for inflation.
Small Cap Investing . The value of securities of smaller, less well-known issuers can be more volatile than that of larger issuers and can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. Smaller issuers can have more limited product lines, markets, and financial resources.
Commodity-Linked Investing. The performance of commodities, commodity-linked swaps, futures, notes, and other commodity-related investments may depend on the performance of individual commodities and the overall commodities markets and on other factors that affect the value of commodities, including weather, political, tax, and other regulatory and market developments. Commodity-linked instruments may be leveraged. For example, the price of a three-times leveraged commodity-linked note may change by a magnitude of three for every percentage change (positive or negative) in the value of the underlying index. Commodity-linked investments may be hybrid instruments that can have substantial risk of loss with respect to both principal and interest. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures, and may be subject to the credit risks associated with the issuer or counterparty. As a result, returns of commodity-linked investments may deviate significantly from the return of the underlying commodity, instruments, or measures. In addition, the regulatory and tax environment for commodity-linked derivative instruments is evolving, and changes in the regulation or taxation of such investments may have a material adverse impact on an underlying fund.
Commodity Futures. Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. Once the price of a particular commodity futures contract has increased or decreased by an amount equal to the daily limit, positions in that contract can neither be taken nor liquidated unless traders are willing to effect trades at or within the limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject an underlying fund to losses or prevent it from entering into desired trades during the particular trading day. A commodity futures contract could also move to the daily limit for several consecutive trading days with little or no trading, thereby further prolonging the liquidation of positions and subjecting some holders of such futures contracts to additional losses. In extraordinary circumstances, a futures exchange or the applicable regulator could suspend trading in a particular futures contract, or order liquidation or settlement of all open positions in such contract.
Securities Lending Risk . Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. These delays and costs could be greater for foreign securities. If a fund is not able to recover the securities loaned, the fund may sell the collateral and purchase a replacement investment in the market. The value of the collateral could decrease below the value of the replacement investment by the time the replacement investment is purchased.
Contingent Convertible Securities Risk. Contingent convertible securities have unique equity conversion or principal write-down features that are tailored to the issuing banking institution and its regulatory requirements. Contingent convertibles may have fully discretionary coupons. This means coupons can potentially be cancelled at the banking institution's discretion or at the request of the relevant regulatory authority in order to help the bank absorb losses. Contingent convertibles will, in the majority of circumstances, be issued in the form of subordinated debt instruments in order to provide the appropriate regulatory capital treatment prior to a conversion. In the event of liquidation, dissolution or winding-up of an issuer prior to a conversion, the rights and claims of the holders of the contingent convertibles against the issuer will generally rank junior to the claims of all holders of unsubordinated obligations of the issuer. In addition, if the contingent convertibles are converted into the issuer's underlying equity securities following a conversion event, each holder will be subordinated due to their conversion from being the holder of a debt instrument to being the holder of an equity instrument.
In response to market, economic, political, or other conditions, a fund may temporarily use a different investment strategy for defensive purposes. If the fund does so, different factors could affect its performance and the fund may not achieve its investment objective.
Fundamental Investment Policies
The following is fundamental, that is, subject to change only by shareholder approval:
Fidelity Advisor Freedom® Income Fund seeks high total return with a secondary objective of principal preservation.
Each of Fidelity Advisor Freedom ® 2005 Fund, Fidelity Advisor Freedom ® 2010 Fund, Fidelity Advisor Freedom ® 2015 Fund, Fidelity Advisor Freedom ® 2020 Fund, Fidelity Advisor Freedom ® 2025 Fund, Fidelity Advisor Freedom ® 2030 Fund, Fidelity Advisor Freedom ® 2035 Fund, Fidelity Advisor Freedom ® 2040 Fund, Fidelity Advisor Freedom ® 2045 Fund, Fidelity Advisor Freedom ® 2050 Fund, Fidelity Advisor Freedom ® 2055 Fund, and Fidelity Advisor Freedom ® 2060 Fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Non-Fundamental Investment Policies
Fidelity Advisor Freedom ®  2065 Fund's investment objective is non-fundamental and may be changed without shareholder approval.
Valuing Shares
Each fund is open for business each day the NYSE is open.
The NAV is the value of a single share. Fidelity normally calculates NAV each business day as of the times noted in the table below. Each fund's assets normally are valued as of this time for the purpose of computing NAV. Fidelity calculates NAV separately for each class of shares of a multiple class fund.
Fund
NAV Calculation Times
(Eastern Time)
Fidelity Advisor Freedom® Income Fund
4:00 p.m.
Fidelity Advisor Freedom® 2005 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2010 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2015 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2020 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2025 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2030 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2035 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2040 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2045 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2050 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2055 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2060 Fund
4:00 p.m.
Fidelity Advisor Freedom® 2065 Fund
4:00 p.m.
NAV is not calculated and a fund will not process purchase and redemption requests submitted on days when the fund is not open for business. The time at which shares are priced and until which purchase and redemption orders are accepted may be changed as permitted by the Securities and Exchange Commission (SEC).
NAV is calculated using the values of the underlying Fidelity ® funds in which a fund invests. Shares of underlying Fidelity ® funds are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity ® funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity ® funds' prospectuses and SAIs.
To the extent that underlying Fidelity ® fund assets are traded in other markets on days when a fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some underlying Fidelity ® fund assets may not occur on days when a fund is open for business.
Shareholder Information
Additional Information about the Purchase and Sale of Shares
As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.
General Information
Ways to Invest
You may buy or sell shares through a retirement account or an investment professional. When you invest through a retirement account or an investment professional, the procedures for buying, selling, and exchanging shares and the account features, policies, and fees may differ. Additional fees may apply to your investment in shares, including a transaction fee if you buy or sell shares through a broker or other investment professional. Your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of a fund. 
Information on Placing Orders
You should include the following information with any order: 
Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted. 
Frequent Purchases and Redemptions
A fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time. 
Excessive trading of fund shares can harm shareholders in various ways, including reducing the returns to long-term shareholders by increasing costs to a fund (such as brokerage commissions or spreads paid to dealers who sell money market instruments), disrupting portfolio management strategies, and diluting the value of the shares in cases in which fluctuations in markets are not fully priced into the fund's NAV.
Each fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.  
Excessive Trading Policy
The Board of Trustees has adopted policies designed to discourage excessive trading of fund shares. Excessive trading activity in a fund is measured by the number of roundtrip transactions in a shareholder's account and each class of a multiple class fund is treated separately. A roundtrip transaction occurs when a shareholder sells fund shares (including exchanges) within 30 days of the purchase date. 
Shareholders with two or more roundtrip transactions in a single fund within a rolling 90-day period will be blocked from making additional purchases or exchange purchases of the fund for 85 days. Shareholders with four or more roundtrip transactions across all Fidelity ® funds within any rolling 12-month period will be blocked for at least 85 days from additional purchases or exchange purchases across all Fidelity ® funds. Any roundtrip within 12 months of the expiration of a multi-fund block will initiate another multi-fund block. Repeat offenders may be subject to long-term or permanent blocks on purchase or exchange purchase transactions in any account under the shareholder's control at any time. In addition to enforcing these roundtrip limitations, the fund may in its discretion restrict, reject, or cancel any purchases or exchanges that, in the Adviser's opinion, may be disruptive to the management of the fund or otherwise not be in the fund's interests. 
Exceptions 
The following transactions are exempt from the fund's excessive trading policy described above: (i) systematic withdrawal and/or contribution programs, (ii) mandatory retirement distributions, (iii) transactions initiated by a plan sponsor or sponsors of certain employee benefit plans or other related accounts, (iv) transactions within a qualified advisory program, and (v) transactions initiated by the trustee or adviser to a donor-advised charitable gift fund, qualified fund of funds, or other strategy funds.
A qualified advisory program is one that demonstrates to Fidelity that the program has investment strategies and trading policies designed to protect the interests of long-term investors and meets specific criteria outlined by Fidelity.
A qualified fund of funds is a mutual fund, qualified tuition program, or other strategy fund consisting of qualified plan assets that either applies the fund's excessive trading policies to shareholders at the fund of funds level, or demonstrates that the fund of funds has an investment strategy coupled with policies designed to control frequent trading that are reasonably likely to be effective as determined by the fund's Treasurer.
Fidelity may choose not to monitor transactions below certain dollar value thresholds.
Omnibus Accounts
Omnibus accounts, in which shares are held in the name of an intermediary on behalf of multiple investors, are a common form of holding shares among retirement plans and financial intermediaries such as brokers, advisers, and third-party administrators. Individual trades in omnibus accounts are often not disclosed to the fund, making it difficult to determine whether a particular shareholder is engaging in excessive trading. Excessive trading in omnibus accounts is likely to go undetected by the fund and may increase costs to the fund and disrupt its portfolio management . 
Under policies adopted by the Board of Trustees, intermediaries will be permitted to apply the fund's excessive trading policy (described above), or their own excessive trading policy if approved by the Adviser. In these cases, the fund will typically not request or receive individual account data but will rely on the intermediary to monitor trading activity in good faith in accordance with its or the fund's policies. Reliance on intermediaries increases the risk that excessive trading may go undetected. For other intermediaries, the fund will generally monitor trading activity at the omnibus account level to attempt to identify disruptive trades. The fund may request transaction information, as frequently as daily, from any intermediary at any time, and may apply the fund's policy to transactions that exceed thresholds established by the Board of Trustees. The fund may prohibit purchases of fund shares by an intermediary or by some or all of any intermediary's clients. There is no assurance that the Adviser will request data with sufficient frequency to detect or deter excessive trading in omnibus accounts effectively. 
If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account. 
Retirement Plans 
For employer-sponsored retirement plans, only participant directed exchanges count toward the roundtrip limits. Employer-sponsored retirement plan participants whose activity triggers a purchase or exchange block will be permitted one trade every calendar quarter. In the event of a block, employer and participant contributions and loan repayments by the participant may still be invested in the fund. 
Other Information about the Excessive Trading Policy 
The fund's Treasurer is authorized to suspend the fund's policies during periods of severe market turbulence or national emergency. The fund reserves the right to modify its policies at any time without prior notice. 
The fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above. 
As described in "Valuing Shares," the fund also uses fair value pricing to help reduce arbitrage opportunities available to short-term traders. There is no assurance that the fund's excessive trading policy will be effective, or will successfully detect or deter excessive or disruptive trading. 
Buying Shares
Eligibility
Shares are generally available only to investors residing in the United States.
Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.
Each class of the fund has different expenses and features, as described in the applicable prospectus. Investors eligible to purchase one class of shares may also be eligible to purchase other classes of shares of the fund. Your investment professional, as applicable, can help you choose the class of shares that best suits your investment needs. However, plan participants may purchase only the classes of shares that are eligible for sale and available through their plan. Certain classes may have higher expenses than those offered by the plan.
Additional Information Regarding Class I Eligibility
Class I shares generally are offered to:
1. Certain employer-sponsored retirement plans. For this purpose, employer-sponsored retirement plans generally include profit sharing, 401(k), 403(b), 457(b), defined benefit, retiree health savings plans, and similar plans, but generally do not include: retail retirement or non-retirement accounts; Individual Retirement Accounts (IRAs) (such as traditional, Roth, SEP, SARSEP, and SIMPLE IRAs); Coverdell Education Savings Accounts; individual 403(b) accounts that are not part of an employer's 403(b) plan; plans investing through the Fidelity Advisor ® 403(b) program; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or qualified tuition programs;
2. Insurance company separate accounts;
3. Broker-dealer, registered investment adviser, insurance company, trust institution and bank trust department managed account programs that charge an asset-based fee;
4. Current or former Trustees or officers of a Fidelity ® fund or current or retired officers, directors, or regular employees of FMR LLC or FIL Limited or their direct or indirect subsidiaries (Fidelity Trustee or employee), spouses of Fidelity Trustees or employees, Fidelity Trustees or employees acting as a custodian for a minor child, persons acting as trustee of a trust for the sole benefit of the minor child of a Fidelity Trustee or employee, or employee benefit plans sponsored by FMR LLC or an affiliate;
5. Any state, county, or city, or any governmental instrumentality, department, authority or agency;
6. Charitable organizations (as defined for purposes of Section 501(c)(3) of the Internal Revenue Code) or charitable remainder trusts or life income pools established for the benefit of a charitable organization;
7. Qualified tuition programs for which Fidelity serves as investment manager, or mutual funds managed by Fidelity or other parties;
8. Employer-sponsored health savings accounts investing through an intermediary;
9. Former Destiny ® Planholders who exchange, or have exchanged, from Class O to Class I of Fidelity Advisor ® funds;
10. Investors who purchase shares through brokerage programs of certain brokers acting solely as agents for their customers and that have entered into an agreement with the distributor to offer Class I shares through such programs. An investor transacting in such programs may be required to pay a commission and/or other forms of compensation to the broker; and
11. Investors whose account is no longer associated with a financial intermediary and whose shares were exchanged by Fidelity from Class A, Class M, or Class C of the fund to Class I shares of the same fund; only in certain employee benefit plan accounts may such investors add to their position in Class I.
Investors may be able to purchase Class I in other circumstances. Please contact Fidelity or your investment professional for more information about Class I shares.
Additional Information Regarding Class Z Eligibility
Class Z shares generally are offered to:
1. Certain employer-sponsored retirement plans. For this purpose, employer-sponsored retirement plans generally include profit sharing, 401(k), 403(b), 457(b), defined benefit, retiree health savings plans, and similar plans, but generally do not include: retail retirement or non-retirement accounts; Individual Retirement Accounts (IRAs) (such as traditional, Roth, SEP, SARSEP, and SIMPLE IRAs); Coverdell Education Savings Accounts; individual 403(b) accounts that are not part of an employer's 403(b) plan; plans investing through the Fidelity Advisor ® 403(b) program; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or qualified tuition programs;
2. Broker-dealer, registered investment adviser, insurance company, trust institution and bank trust department managed account programs that charge an asset-based fee;
3. Investors who purchase shares through brokerage programs of certain brokers acting solely as agents for their customers and that have entered into an agreement with the distributor to offer Class Z shares through such programs. An investor transacting in such programs may be required to pay a commission and/or other forms of compensation to the broker;
4. Mutual funds dedicated for use in Fidelity's managed account programs, and investment vehicles dedicated for use by the Fidelity Investments Charitable Gift Fund, for which Fidelity serves as investment manager; and
5. Employee benefit plans sponsored by FMR LLC or an affiliate.
Investors may be able to purchase Class Z in other circumstances. Please contact Fidelity or your investment professional for more information about Class Z shares.
There is no minimum balance or purchase minimum for fund shares.
Price to Buy
The price to buy one share of Class A or Class M is its offering price or its NAV, depending on whether you pay a front-end sales charge.
The price to buy one share of Class C, Class I, or Class Z is its NAV. Class C shares are sold without a front-end sales charge, but may be subject to a CDSC upon redemption. Class I and Class Z shares are sold without a sales charge.
If you pay a front-end sales charge, your price will be Class A's or Class M's offering price. When you buy Class A or Class M shares at the offering price, Fidelity deducts the appropriate sales charge and invests the rest in Class A or Class M shares of the fund. If you qualify for a front-end sales charge waiver, your price will be Class A's or Class M's NAV.
The offering price of Class A or Class M is its NAV plus the sales charge. The offering price is calculated by dividing Class A's or Class M's NAV by the difference between one and the applicable front-end sales charge percentage and rounding to the nearest cent.
The dollar amount of the sales charge for Class A or Class M is the difference between the offering price of the shares purchased and the NAV of those shares. Since the offering price per share is calculated to the nearest cent using standard rounding criteria, the percentage sales charge you actually pay may be higher or lower than the sales charge percentages shown in this prospectus due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.
It is the responsibility of your investment professional to transmit your order to buy shares to Fidelity before the close of business on the day you place your order.
Each fund has authorized certain intermediaries to accept orders to buy shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be bought at the  offering price or NAV, as applicable, next calculated after the order is received by the authorized intermediary.
Provided a fund receives an order to buy shares in proper form before the close of business, the fund may place an order to buy shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's offering price or NAV, as applicable.
Each fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.
If your payment is not received and collected, your purchase may be canceled and you could be liable for any losses or fees a fund or Fidelity has incurred.
Shares can be bought or sold through investment professionals using an automated order placement and settlement system that guarantees payment for orders on a specified date.
Certain financial institutions that meet creditworthiness criteria established by FDC may enter confirmed purchase orders on behalf of customers by phone, with payment to follow no later than close of business on the next business day. If payment is not received by that time, the order will be canceled and the financial institution will be liable for any losses.
Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.
Selling Shares
The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable CDSC. The price to sell one share of Class I or Class Z is its NAV.
Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.
Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect a fund.
It is the responsibility of your investment professional to transmit your order to sell shares to Fidelity before the close of business on the day you place your order.
Each fund has authorized certain intermediaries to accept orders to sell shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be sold at the NAV next calculated after the order is received by the authorized intermediary, minus any applicable CDSC. If applicable, orders by funds of funds for which Fidelity serves as investment manager will be treated as received by the fund at the same time that the corresponding orders are received in proper form by the funds of funds.
Provided a fund receives an order to sell shares in proper form before the close of business, the fund may place an order to sell shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV, minus any applicable CDSC.
See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.
A signature guarantee is designed to protect you and Fidelity from fraud. Fidelity may require that your request be made in writing and include a signature guarantee in certain circumstances, such as:
You should be able to obtain a signature guarantee from a bank, broker-dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee.
When you place an order to sell shares, note the following:
Class Z: When your relationship with your managed account provider is terminated, your shares may be sold at the NAV next calculated, in which case the redemption proceeds will remain in your account pending your instruction.
Policies Concerning the Redemption of Fund Shares
If your account is held directly with a fund , the length of time that a fund typically expects to pay redemption proceeds depends on the method you have elected to receive such proceeds. A fund typically expects to make payment of redemption proceeds by wire, automated clearing house (ACH) or by issuing a check by the next business day following receipt of a redemption order in proper form. Proceeds from the periodic and automatic sale of shares of a Fidelity ® money market fund that are used to buy shares of another Fidelity ® fund are settled simultaneously.
If your account is held through an intermediary , the length of time that a fund typically expects to pay redemption proceeds depends, in part, on the terms of the agreement in place between the intermediary and a fund. For redemption proceeds that are paid either directly to you from a fund or to your intermediary for transmittal to you, a fund typically expects to make payments by wire, by ACH or by issuing a check on the next business day following receipt of a redemption order in proper form from the intermediary by a fund. Redemption orders that are processed through investment professionals that utilize the National Securities Clearing Corporation will generally settle one to three business days following receipt of a redemption order in proper form.
As noted elsewhere, payment of redemption proceeds may take longer than the time a fund typically expects and may take up to seven days from the date of receipt of the redemption order as permitted by applicable law.
Redemption Methods Available. Generally a fund expects to pay redemption proceeds in cash. To do so, a fund typically expects to satisfy redemption requests either by using available cash (or cash equivalents) or by selling portfolio securities. On a less regular basis, a fund may also satisfy redemption requests by utilizing one or more of the following sources, if permitted: borrowing from another Fidelity ® fund; drawing on an available line or lines of credit from a bank or banks; or using reverse repurchase agreements. These methods may be used during both normal and stressed market conditions.
In addition to paying redemption proceeds in cash, a fund reserves the right to pay part or all of your redemption proceeds in readily marketable securities instead of cash (redemption in-kind). Redemption in-kind proceeds will typically be made by delivering the selected securities to the redeeming shareholder within seven days after the receipt of the redemption order in proper form by a fund.
Converting Shares
A fund will automatically convert your class of shares of the fund to Class Z shares, if Class Z of the fund is available under your plan.  
A fund may convert your Class Z shares to another class of shares of the fund, including classes of shares not offered in this prospectus that are available under your plan, if your plan is no longer eligible to offer Class Z. Information on the other classes of shares of the fund can be found in that class's prospectus. Investors will be notified in writing before any such conversion to another class.
A conversion will be based on the respective NAVs of the two classes, without the imposition of any fees, on the trade date of the conversion. A conversion between share classes of the same fund is a non-taxable event.
Conversion Feature . After a maximum of eight years from the initial date of purchase, Class C shares convert automatically to Class A shares of a fund. Conversion to Class A shares will be made at NAV. At the time of conversion, a portion of the Class C shares bought through the reinvestment of dividends or capital gains (Dividend Shares) will also convert to Class A shares. The portion of Dividend Shares that will convert is determined by the ratio of your converting Class C non-Dividend Shares to your total Class C non-Dividend Shares. A fund may convert shares sooner in certain circumstances. A shorter holding period may also apply depending on your intermediary. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of this prospectus.
Exchanging Shares
An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.
As a Class A shareholder, you have the privilege of exchanging Class A shares for the same class of shares of other Fidelity ® funds that offer Advisor classes of shares at NAV or for Daily Money Class shares of Fidelity ® funds that offer Daily Money Class shares.
As a Class M shareholder, you have the privilege of exchanging Class M shares for the same class of shares of other Fidelity ® funds that offer Advisor classes of shares at NAV or for Advisor M Class shares of Fidelity ® Government Money Market Fund. If you purchased your Class M shares through certain investment professionals that have signed an agreement with FDC, you also have the privilege of exchanging your Class M shares for shares of Fidelity ® Capital Appreciation Fund.
As a Class C shareholder, you have the privilege of exchanging Class C shares for the same class of shares of other Fidelity ® funds that offer Advisor classes of shares or for Advisor C Class shares of Fidelity ® Treasury Money Market Fund.
As a Class I shareholder, you have the privilege of exchanging Class I shares for the same class of shares of other Fidelity ® funds that offer Advisor classes of shares or for shares of Fidelity ® funds.
As a Class Z shareholder, you have the privilege of exchanging Class Z shares for the same class of shares of other Fidelity ® funds that offer Advisor classes of shares or Class Z shares of other Fidelity ® funds available through your employee benefit plan, or if the Fidelity ® fund does not offer Class Z shares, then other classes of the Fidelity ® fund that are available through your plan.
Through your investment professional, you may also move between certain share classes of the same fund. For more information, see the SAI or consult your investment professional.
However, you should note the following policies and restrictions governing exchanges:
The funds may terminate or modify exchange privileges in the future.
Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.
Rollover IRAs
Class Z shares generally are not available to IRA rollover accounts. Assets from retirement plans may be invested in other class(es) of shares of the fund through an IRA rollover, including class(es) of shares not offered in this prospectus. Each class of each fund has different expenses and features and may have higher expenses than Class Z shares. Information on the other class(es) of shares of each fund, including any class expenses and features, can be found in the applicable class's prospectus.
Please contact your investment professional for more information.
Account Features and Policies
Features
The following features may be available to buy and sell shares of a fund. Visit institutional.fidelity.com or contact your investment professional for more information.
Electronic Funds Transfer (Fidelity Advisor Money Line ® ): electronic money movement through the Automated Clearing House 
  • To transfer money between a bank account and your fund account.
  • You can use electronic funds transfer to:
  • _Make periodic (automatic) purchases of shares.
  • _Make periodic (automatic) redemptions of shares.
 
Wire: electronic money movement through the Federal Reserve wire system
        
  • To transfer money between a bank account and your fund account.
 
Automatic Transactions: periodic (automatic) transactions
  • To make contributions from your fund account to your Fidelity Advisor® IRA. 
 
  • To sell shares of a Fidelity® money market fund and simultaneously to buy shares of a Fidelity® fund that offers Advisor classes of shares. 
Policies
The following apply to you as a shareholder.
Combination with Fidelity Advisor Freedom® Income Fund . Each fund may be combined with Fidelity Advisor Freedom® Income Fund, without a vote of shareholders, if the funds' Board of Trustees determines at the time of the proposed combination that combining the funds is in the best interests of the funds and their shareholders. Prior to a combination, Fidelity will notify shareholders of a fund of the combination and any tax consequences.
Statements that Fidelity sends to you, if applicable, include the following:
Current regulations allow Fidelity to send a single copy of shareholder documents for Fidelity ® funds, such as prospectuses, annual and semi-annual reports, and proxy materials, to certain mutual fund customers whom we believe are members of the same family who share the same address. For certain types of accounts, we will not send multiple copies of these documents to you and members of your family who share the same address. Instead, we will send only a single copy of these documents. This will continue for as long as you are a shareholder, unless you notify us otherwise. If at any time you choose to receive individual copies of any documents, please call 1-877-208-0098. We will begin sending individual copies to you within 30 days of receiving your call.
You may initiate many transactions by telephone or electronically. Fidelity will not be responsible for any loss, cost, expense, or other liability resulting from unauthorized transactions if it follows reasonable security procedures designed to verify the identity of the investor. Fidelity will request personalized security codes or other information, and may also record calls. For transactions conducted through the Internet, Fidelity recommends the use of an Internet browser with 128-bit encryption. You should verify the accuracy of your confirmation statements upon receipt and notify Fidelity immediately of any discrepancies in your account activity. If you do not want the ability to sell and exchange by telephone, call Fidelity for instructions. Additional documentation may be required from corporations, associations, and certain fiduciaries.
You may be asked to provide additional information in order for Fidelity to verify your identity in accordance with requirements under anti-money laundering regulations. Accounts may be restricted and/or closed, and the monies withheld, pending verification of this information or as otherwise required under these and other federal regulations. In addition, each fund reserves the right to involuntarily redeem an account in the case of: (i) actual or suspected threatening conduct or actual or suspected fraudulent, illegal or suspicious activity by the account owner or any other individual associated with the account; or (ii) the failure of the account owner to provide information to the funds related to opening the accounts. Your shares will be sold at the NAV, minus any applicable shareholder fees, calculated on the day Fidelity closes your fund position.
Fidelity may charge a fee for certain services, such as providing historical account documents.
Dividends and Capital Gain Distributions
Each fund earns interest, dividends, and other income from its investments, and distributes this income (less expenses) to shareholders as dividends. Each fund also realizes capital gains from its investments, and distributes these gains (less any losses) to shareholders as capital gain distributions.
Each fund normally declares dividends and pays capital gain distributions per the tables below:
Fund Name
Dividends Paid
Fidelity Advisor Freedom® Income Fund
 February, March, April, May, June, July, August, September, October, November, December
Fidelity Advisor Freedom® 2005 Fund
 May, December
Fidelity Advisor Freedom® 2010 Fund
 May, December
Fidelity Advisor Freedom® 2015 Fund
 May, December
Fidelity Advisor Freedom® 2020 Fund
 May, December
Fidelity Advisor Freedom® 2025 Fund
 May, December
Fidelity Advisor Freedom® 2030 Fund
 May, December
Fidelity Advisor Freedom® 2035 Fund
 May, December
Fidelity Advisor Freedom® 2040 Fund
 May, December
Fidelity Advisor Freedom® 2045 Fund
 May, December
Fidelity Advisor Freedom® 2050 Fund
 May, December
Fidelity Advisor Freedom® 2055 Fund
 May, December
Fidelity Advisor Freedom® 2060 Fund
 May, December
Fidelity Advisor Freedom® 2065 Fund
 May, December
Fund Name
Capital Gains Paid
Fidelity Advisor Freedom® Income Fund
 May, December
Fidelity Advisor Freedom® 2005 Fund
 May, December
Fidelity Advisor Freedom® 2010 Fund
 May, December
Fidelity Advisor Freedom® 2015 Fund
 May, December
Fidelity Advisor Freedom® 2020 Fund
 May, December
Fidelity Advisor Freedom® 2025 Fund
 May, December
Fidelity Advisor Freedom® 2030 Fund
 May, December
Fidelity Advisor Freedom® 2035 Fund
 May, December
Fidelity Advisor Freedom® 2040 Fund
 May, December
Fidelity Advisor Freedom® 2045 Fund
 May, December
Fidelity Advisor Freedom® 2050 Fund
 May, December
Fidelity Advisor Freedom® 2055 Fund
 May, December
Fidelity Advisor Freedom® 2060 Fund
 May, December
Fidelity Advisor Freedom® 2065 Fund
 May, December
Distribution Options  
When you open an account, specify how you want to receive your distributions. The following distribution options are available: 
Any dividends and capital gain distributions will be automatically reinvested in additional shares. If you do not indicate a choice, you will be assigned this option.
Any capital gain distributions will be automatically reinvested in additional shares. Any dividends will be paid in cash. 
Any dividends and capital gain distributions will be paid in cash. 
Any dividends will be automatically invested in the same class of shares of another identically registered Fidelity ® fund. Any capital gain distributions will be automatically invested in the same class of shares of another identically registered Fidelity ® fund, automatically reinvested in additional shares of the fund, or paid in cash.  
Not all distribution options may be available for every account and certain restrictions may apply. If the option you prefer is not listed on your account application, or if you want to change your current option, contact Fidelity or your investment professional directly. 
If you elect to receive distributions paid in cash by check and the U.S. Postal Service does not deliver your checks, your distribution option may be converted to the Reinvestment Option. You will not receive interest on amounts represented by uncashed distribution checks.
Any dividends and capital gain distributions paid to retirement plan participants will be automatically reinvested.
Tax Consequences
As with any investment, your investment in a fund could have tax consequences for you (for non-retirement accounts).
Taxes on Distributions
Distributions you receive from each fund are subject to federal income tax, and may also be subject to state or local taxes.
For federal tax purposes, certain distributions, including dividends and distributions of short-term capital gains, are taxable to you as ordinary income, while certain distributions, including distributions of long-term capital gains, are taxable to you generally as capital gains. A percentage of certain distributions of dividends may qualify for taxation at long-term capital gains rates (provided certain holding period requirements are met). 
If you buy shares when a fund has realized but not yet distributed income or capital gains, you will be "buying a dividend" by paying the full price for the shares and then receiving a portion of the price back in the form of a taxable distribution.
Any taxable distributions you receive from a fund will normally be taxable to you when you receive them, regardless of your distribution option.
Distributions by a fund to tax-advantaged retirement plan accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).
Taxes on Transactions
Your redemptions, including exchanges, may result in a capital gain or loss for federal tax purposes. A capital gain or loss on your investment in a fund generally is the difference between the cost of your shares and the price you receive when you sell them.
Exchanges within a tax-advantaged retirement plan account will not result in a capital gain or loss for federal tax purposes. Please consult your tax advisor regarding the tax treatment of distributions from a tax-advantaged retirement plan account.
Fund Services
Fund Management
Each fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.
Adviser
FMR. The Adviser is each fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.
As of December 31, 2022, the Adviser had approximately $3.1 trillion in discretionary assets under management, and approximately $3.9 trillion when combined with all of its affiliates' assets under management.
As the manager, the Adviser administers the asset allocation program for each fund and is responsible for handling the business affairs for each fund.
Portfolio Manager(s)
Andrew Dierdorf is Co-Portfolio Manager of each fund, which he has managed since 2011 (other than Fidelity Advisor Freedom ® 2060 Fund and Fidelity Advisor Freedom ® 2065 Fund). He has managed Fidelity Advisor Freedom ® 2060 Fund since 2014 and has managed Fidelity Advisor Freedom ® 2065 Fund since 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.
Brett Sumsion is Co-Portfolio Manager of each fund, which he has managed since 2014 (other than Fidelity Advisor Freedom ® 2065 Fund). He has managed Fidelity Advisor Freedom ® 2065 Fund since 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager.
The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s). 
From time to time a manager, analyst, or other Fidelity employee may express views regarding a particular company, security, industry, or market sector. The views expressed by any such person are the views of only that individual as of the time expressed and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund. 
Advisory Fee(s)
Each class of each fund pays an all-inclusive management fee to the Adviser at an annual rate based on the average daily net assets of the class that is set by referring to the fund's target date such that the management fees applicable to each class of the fund are reduced as the fund approaches, and then passes, its target date.
A different all-inclusive management fee rate is applicable to each class of a fund. The difference between classes is the result of separate arrangements for class level services and/or waivers of certain expenses. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class.
The all-inclusive management fee is calculated and paid to the Adviser each month. Out of each class's all-inclusive management fee, the Adviser or an affiliate pays all expenses of managing and operating the fund, with limited exceptions.
The management fee, as a percentage of each class's average net assets, for the fiscal year ended March 31, 2023, for each fund is shown in the following table:
Fund
Class A
Class M
Class C
Class I
Class Z
Fidelity Advisor Freedom® Income Fund
0.47%
0.47%
0.47%
0.47%
0.42%
Fidelity Advisor Freedom® 2005 Fund
0.47%
0.47%
0.47%
0.47%
0.42%
Fidelity Advisor Freedom® 2010 Fund
0.49%
0.49%
0.49%
0.49%
0.44%
Fidelity Advisor Freedom® 2015 Fund
0.53%
0.53%
0.53%
0.53%
0.47%
Fidelity Advisor Freedom® 2020 Fund
0.58%
0.58%
0.58%
0.58%
0.50%
Fidelity Advisor Freedom® 2025 Fund
0.62%
0.62%
0.62%
0.62%
0.54%
Fidelity Advisor Freedom® 2030 Fund
0.66%
0.66%
0.66%
0.66%
0.57%
Fidelity Advisor Freedom® 2035 Fund
0.70%
0.70%
0.70%
0.70%
0.61%
Fidelity Advisor Freedom® 2040 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2045 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2050 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2055 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2060 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2065 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Effective April 1, 2023, the management fee, as a percentage of each class's average net assets, for each fund is set forth in the table below:
Fund
Class A
Class M
Class C
Class I
Class Z
Fidelity Advisor Freedom® Income Fund
0.47%
0.47%
0.47%
0.47%
0.42%
Fidelity Advisor Freedom® 2005 Fund
0.47%
0.47%
0.47%
0.47%
0.42%
Fidelity Advisor Freedom® 2010 Fund
0.48%
0.48%
0.48%
0.48%
0.43%
Fidelity Advisor Freedom® 2015 Fund
0.53%
0.53%
0.53%
0.53%
0.46%
Fidelity Advisor Freedom® 2020 Fund
0.57%
0.57%
0.57%
0.57%
0.50%
Fidelity Advisor Freedom® 2025 Fund
0.61%
0.61%
0.61%
0.61%
0.53%
Fidelity Advisor Freedom® 2030 Fund
0.65%
0.65%
0.65%
0.65%
0.57%
Fidelity Advisor Freedom® 2035 Fund
0.70%
0.70%
0.70%
0.70%
0.60%
Fidelity Advisor Freedom® 2040 Fund
0.74%
0.74%
0.74%
0.74%
0.64%
Fidelity Advisor Freedom® 2045 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2050 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2055 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2060 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
Fidelity Advisor Freedom® 2065 Fund
0.75%
0.75%
0.75%
0.75%
0.64%
The basis for the Board of Trustees approving the management contract for each fund is available in each fund's semi-annual report for the fiscal period ended September 30, 2022.
From time to time, the Adviser or its affiliates may agree to reimburse or waive certain fund expenses while retaining the ability to be repaid if expenses fall below the specified limit prior to the end of the fiscal year.
Reimbursement or waiver arrangements can decrease expenses and boost performance.
Fund Distribution
Each fund is composed of multiple classes of shares. All classes of a fund have a common investment objective and investment portfolio.
FDC distributes Class A, Class M, Class C, Class I, and Class Z shares.
Intermediaries may receive from the Adviser, FDC, and/or their affiliates compensation for their services intended to result in the sale of class shares, including compensation for providing recordkeeping and administrative services, as well as other retirement plan expenses for Class Z shares.
This may take the form of (as applicable):
These payments are described in more detail in this section and in the SAI.
Please speak with your investment professional to learn more about any payments his or her firm may receive from the Adviser, FDC, and/or their affiliates, as well as fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment professional at the time of purchase.
You may pay a sales charge when you buy or sell your Class A, Class M, and Class C shares.
FDC collects the sales charge.
As described in detail in this section, you may be entitled to a waiver of your sales charge, or to pay a reduced sales charge, when you buy or sell Class A, Class M, and Class C shares. In the event of changes in sales charges, sales charges, if any, in effect at the time of purchase generally will apply.
The availability of certain sales charge waivers and discounts may depend on whether you purchase your shares directly from a fund or through an intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales load waivers or CDSC (back-end) waivers. Please see "Sales Charge Waiver Policies Applied by Certain Intermediaries" in the "Appendix" section of the prospectus. In all instances, it is the purchaser's responsibility to notify a fund or the purchaser's intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from a fund or through another intermediary to receive these waivers or discounts.
The front-end sales charge will be reduced for purchases of Class A and Class M shares according to the sales charge schedules below.
Sales Charges and Concessions - Class A
Sales Charge
 
As a % of
offering
price (a) 
As an
approximate
% of net
amount
invested (a) 
Investment
professional
concession
as % of
offering
price
Less than $50,000 (b) 
5.75%
6.10%
5.00%
$50,000 but less than $100,000
4.50%
4.71%
3.75%
$100,000 but less than $250,000 
3.50%
3.63%
2.75%
$250,000 but less than $500,000
2.50%
2.56%
2.00%
$500,000 but less than $1,000,000 
2.00%
2.04%
1.75%
$1,000,000 but less than $4,000,000 
None
None
1.00% (c)
$4,000,000 but less than $25,000,000 
None
None
0.50% (c)
$25,000,000 or more
None
None
0.25% (c)
(a)   The actual sales charge you pay may be higher or lower than those calculated using these percentages due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
(b) Purchases of $10.00 or less will not pay a sales charge.
(c) Certain conditions and exceptions apply. See "Fund Services - Fund Distribution - Finder's Fees."
Investments in Class A shares of $1 million or more may, upon redemption less than 18 months after purchase, for any reason, be assessed a CDSC of 1.00%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
When exchanging Class A shares of one fund for Class A shares of another Fidelity® fund that offers Advisor classes of shares or Daily Money Class shares of another Fidelity® fund that offers Daily Money Class shares, your Class A shares retain the CDSC schedule in effect when they were originally bought.
Sales Charges and Concessions - Class M
Sales Charge
 
As a % of
offering
price (a) 
As an
approximate
% of net
amount
invested (a)  
Investment
professional
concession
as % of
offering
price 
Less than $50,000 (b)  
3.50%
3.63%
3.00%
$50,000 but less than $100,000
3.00%
3.09%
2.50%
$100,000 but less than $250,000 
2.50%
2.56%
2.00%
$250,000 but less than $500,000
1.50%
1.52%
1.25%
$500,000 but less than $1,000,000
1.00%
1.01%
0.75%
$1,000,000 or more
None
None
0.25% (c)
(a)   The actual sales charge you pay may be higher or lower than those calculated using these percentages due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
(b) Purchases of $10.00 or less will not pay a sales charge.
(c) Certain conditions and exceptions apply. See "Fund Services - Fund Distribution - Finder's Fees."
Investments in Class M shares of $1 million or more may, upon redemption less than one year after purchase, for any reason, be assessed a CDSC of 0.25%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
When exchanging Class M shares of one fund for Class M shares of another Fidelity® fund that offers Advisor classes of shares or Advisor M Class shares of Fidelity® Government Money Market Fund, your Class M shares retain the CDSC schedule in effect when they were originally bought.
Class A or Class M shares purchased by an individual or company through the Combined Purchase, Rights of Accumulation, or Letter of Intent program may receive a reduced front-end sales charge according to the sales charge schedules above. To qualify for a Class A or Class M front-end sales charge reduction under one of these programs, you must notify Fidelity in advance of your purchase. 
Combined Purchase, Rights of Accumulation, and Letter of Intent Programs. The following qualify as an "individual" or "company" for the purposes of determining eligibility for the Combined Purchase and Rights of Accumulation program: an individual, spouse, and their children under age 21 purchasing for his/her or their own account; a trustee, administrator, or other fiduciary purchasing for a single trust estate or a single fiduciary account or for a single or parent-subsidiary group of "employee benefit plans" (except SEP and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs; and tax-exempt organizations (as defined in Section 501(c)(3) of the Internal Revenue Code). The following qualify as an "individual" or "company" for the purposes of determining eligibility for the Letter of Intent program: an individual, spouse, and their children under age 21 purchasing for his/her or their own account; a trustee, administrator, or other fiduciary purchasing for a single trust estate or a single fiduciary account (except SEP and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)); an IRA or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans); plans investing through the Fidelity Advisor® 403(b) program; and tax-exempt organizations (as defined in Section 501(c)(3) of the Internal Revenue Code).
Combined Purchase.   To receive a Class A or Class M front-end sales charge reduction, if you are a new shareholder, you may combine your purchase of Class A or Class M shares with purchases of: (i) Class A, Class M, and Class C shares of any Fidelity® fund that offers Advisor classes of shares, (ii) Advisor C Class shares of Fidelity® Treasury Money Market Fund, and (iii) Class A Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor® 529 Plan. Purchases may be aggregated across multiple intermediaries on the same day for the purpose of qualifying for the Combined Purchase program.
Rights of Accumulation.   To receive a Class A or Class M front-end sales charge reduction, if you are an existing shareholder, you may add to your purchase of Class A or Class M shares the current value of your holdings in: (i) Class A, Class M, and Class C shares of any Fidelity® fund that offers Advisor classes of shares, (ii) Advisor C Class shares of Fidelity® Treasury Money Market Fund, (iii) Daily Money Class shares of a fund that offers Daily Money Class shares acquired by exchange from any Fidelity® fund that offers Advisor classes of shares, (iv) Class O shares of Fidelity Advisor® Diversified Stock Fund and Fidelity Advisor® Capital Development Fund, and (v) Class A Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor® 529 Plan. The current value of your holdings is determined at the NAV at the close of business on the day prior to your purchase of Class A or Class M shares. The current value of your holdings will be added to your purchase of Class A or Class M shares for the purpose of qualifying for the Rights of Accumulation program. Purchases and holdings may be aggregated across multiple intermediaries for the purpose of qualifying for the Rights of Accumulation program.
Letter of Intent. You may receive a Class A or Class M front-end sales charge reduction on your purchases of Class A and Class M shares made during a 13-month period by signing a Letter of Intent (Letter). File your Letter with Fidelity no later than the date of the initial purchase toward completing your Letter. Each Class A or Class M purchase you make toward completing your Letter will be entitled to the reduced front-end sales charge applicable to the total investment indicated in the Letter. Purchases of the following may be aggregated for the purpose of completing your Letter: (i) Class A and Class M shares of any Fidelity® fund that offers Advisor classes of shares (except those acquired by exchange from Daily Money Class shares of a fund that offers Daily Money Class shares that had been previously exchanged from a Fidelity® fund that offers Advisor classes of shares), (ii) Class C shares of any Fidelity® fund that offers Advisor classes of shares, (iii) Advisor C Class shares of Fidelity® Treasury Money Market Fund, and (iv) Class A Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor® 529 Plan. Reinvested income and capital gain distributions will not be considered purchases for the purpose of completing your Letter. Purchases may be aggregated across multiple intermediaries for the purpose of qualifying for the Letter of Intent program. Your initial purchase toward completing your Letter must be at least 5% of the total investment specified in your Letter. Fidelity will register Class A or Class M shares equal to 5% of the total investment specified in your Letter in your name and will hold those shares in escrow. You will earn income, dividends and capital gain distributions on escrowed Class A and Class M shares. The escrow will be released when you complete your Letter. You are not obligated to complete your Letter. If you do not complete your Letter, you must pay the increased front-end sales charges due in accordance with the sales charge schedule in effect when your shares were originally bought. Fidelity may redeem sufficient escrowed Class A or Class M shares to pay any applicable front-end sales charges. If you purchase more than the amount specified in your Letter and qualify for additional Class A or Class M front-end sales charge reductions, the front-end sales charge will be adjusted to reflect your total purchase at the end of 13 months and the surplus amount will be applied to your purchase of additional Class A or Class M shares at the then-current offering price applicable to the total investment.
Detailed information about these programs also is available on institutional.fidelity.com. In order to obtain the benefit of a front-end sales charge reduction for which you may be eligible, you may need to inform your investment professional of other accounts you, your spouse, or your children maintain with your investment professional or other investment professionals from the same intermediary.
Class C shares may, upon redemption less than one year after purchase, for any reason, be assessed a CDSC of 1.00%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.
Investment professionals will receive as compensation from FDC, at the time of the sale, a concession equal to 1.00% of your purchase of Class C shares. A concession will not apply to Class C shares acquired through reinvestment of dividends or capital gain distributions.
The CDSC for Class A, Class M, and Class C shares will be calculated based on the lesser of the cost of each class's shares, as applicable, at the initial date of purchase or the value of those shares, as applicable, at redemption, not including any reinvested dividends or capital gains. Class A, Class M, and Class C shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC. In determining the applicability and rate of any CDSC at redemption, shares representing reinvested dividends and capital gains will be redeemed first, followed by those shares that have been held for the longest period of time.
A front-end sales charge will not apply to the following Class A or Class M shares:
Pursuant to Rule 22d-1 under the 1940 Act, FDC exercises its right to waive Class A's and Class M's front-end sales charge on shares acquired through reinvestment of dividends and capital gain distributions or in connection with a fund's merger with or acquisition of any investment company or trust. FDC also exercises its right to waive Class A's and Class M's front-end sales charge on purchases of $10.00 or less.
The CDSC may be waived on the redemption of shares (applies to Class A, Class M, and Class C, unless otherwise noted):
To qualify for a Class A or Class M front-end sales charge reduction or waiver, you must notify Fidelity in advance of your purchase.
You may be required to notify Fidelity in advance of your redemption to qualify for a Class A, Class M, or Class C CDSC waiver.
Information on sales charge reductions and waivers is available free of charge on institutional.fidelity.com.
Finder's Fees. Finder's fees may be paid to investment professionals who sell Class A and Class M shares in purchase amounts of $1 million or more. For Class A share purchases, investment professionals may be compensated at the time of purchase with a finder's fee at the rate of 1.00% of the purchase amount for purchases of $1 million up to $4 million, 0.50% of the purchase amount for purchases of $4 million up to $25 million, and 0.25% of the purchase amount for purchases of $25 million or more. For Class M share purchases, investment professionals may be compensated at the time of purchase with a finder's fee at the rate of 0.25% of the purchase amount.
Investment professionals may be eligible for a finder's fee on the following purchases of Class A and Class M shares made through broker-dealers and banks: a trade that brings the value of the accumulated account(s) of an investor, including a 403(b) program or an employee benefit plan (except a SEP or SARSEP plan or a plan covering self-employed individuals and their employees (formerly a Keogh/H.R. 10 plan)), over $1 million; a trade for an investor with an accumulated account value of $1 million or more; and an incremental trade toward an investor's $1 million Letter.
Accumulated account value for purposes of finder's fees eligibility is determined the same as it is for Rights of Accumulation. Daily Money Class shares of a fund that offers Daily Money Class shares are not counted for this purpose unless acquired by exchange from any Fidelity® fund that offers Advisor classes of shares. For information, see "Combined Purchase, Rights of Accumulation, and Letter of Intent Programs" above.
Finder's fees are not paid in connection with purchases of Class A or Class M shares by insurance company separate accounts or managed account programs that charge an asset-based fee, or purchases of Class A or Class M shares made with the proceeds from the redemption of shares of any Fidelity® fund or any retirement plan recordkept at Fidelity.
Investment professionals should contact Fidelity in advance to determine if they qualify to receive a finder's fee. Finder's fees will be paid in connection with shares recordkept in a Fidelity Advisor ® 401(k) Retirement Plan only at the time of the initial conversion of assets. Investment professionals should contact Fidelity for more information.
Reinstatement Privilege.   If you have sold all or part of your Class A, Class M, or Class C shares of a fund, you may reinvest an amount equal to all or a portion of the redemption proceeds in the same class of the fund or another Fidelity® fund that offers Advisor classes of shares, at the NAV next determined after receipt in proper form of your investment order, provided that such reinvestment is made within 90 days of redemption. Under these circumstances, the dollar amount of the CDSC you paid, if any, on shares will be reimbursed to you by reinvesting that amount in Class A, Class M, or Class C shares, as applicable.
You must reinstate your shares into an account with the same registration. This privilege may be exercised only once by a shareholder with respect to a fund and certain restrictions may apply. For purposes of the CDSC schedule, the holding period will continue as if the Class A, Class M, or Class C shares had not been redeemed. To qualify for the reinstatement privilege, you must notify Fidelity in writing in advance of your reinvestment.
Distribution and Service Plan(s)
Class A of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class A of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class A shares. Class A of each fund may pay this 12b-1 (distribution) fee at an annual rate of 0.50% of its average net assets, or such lesser amount as the Trustees may determine from time to time. Currently, the Trustees have not approved such payments. The Trustees may approve 12b-1 (distribution) fee payments at an annual rate of up to 0.50% of Class A's average net assets when the Trustees believe that it is in the best interests of Class A shareholders to do so.
In addition, pursuant to each Class A plan, Class A of each fund pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class A's average net assets throughout the month for providing shareholder support services.
Except as provided below, FDC may reallow up to the full amount of this 12b-1 (service) fee to intermediaries, including its affiliates, for providing shareholder support services.
For purchases of Class A shares on which a finder's fee was paid to intermediaries, after the first year of investment, FDC may reallow up to the full amount of the 12b-1 (service) fee paid by such shares to intermediaries, including its affiliates, for providing shareholder support services.
Class M of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class M of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class M shares. Class M of each fund may pay this 12b-1 (distribution) fee at an annual rate of 0.50% of its average net assets, or such lesser amount as the Trustees may determine from time to time. Class M of each fund currently pays FDC a monthly 12b-1 (distribution) fee at an annual rate of 0.25% of its average net assets throughout the month. Class M's 12b-1 (distribution) fee rate for each fund may be increased only when the Trustees believe that it is in the best interests of Class M shareholders to do so.
FDC may reallow up to the full amount of this 12b-1 (distribution) fee to intermediaries, including its affiliates, for providing services intended to result in the sale of Class M shares.
In addition, pursuant to each Class M plan, Class M of each fund pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class M's average net assets throughout the month for providing shareholder support services.
FDC may reallow up to the full amount of this 12b-1 (service) fee to intermediaries, including its affiliates, for providing shareholder support services.
Class C of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class C of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class C shares. Class C of each fund currently pays FDC a monthly 12b-1 (distribution) fee at an annual rate of 0.75% of its average net assets throughout the month.
In addition, pursuant to each Class C plan, Class C of each fund pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class C's average net assets throughout the month for providing shareholder support services.
Normally, after the first year of investment, FDC may reallow up to the full amount of the 12b-1 (distribution) fees to intermediaries, including its affiliates, for providing services intended to result in the sale of Class C shares and may reallow up to the full amount of the 12b-1 (service) fee to intermediaries, including its affiliates, for providing shareholder support services.
For purchases of Class C shares made through reinvestment of dividends or capital gain distributions, during the first year of investment and thereafter, FDC may reallow up to the full amount of this 12b-1 (distribution) fee paid by such shares to intermediaries, including its affiliates, for providing services intended to result in the sale of Class C shares and may reallow up to the full amount of this 12b-1 (service) fee paid by such shares to intermediaries, including its affiliates, for providing shareholder support services.
Any fees paid out of Class A's, Class M's, and Class C's assets on an ongoing basis pursuant to a Distribution and Service Plan will increase the cost of your investment and may cost you more than paying other types of sales charges.
In addition, each Class A, Class M, and Class C plan specifically recognizes that the Adviser may make payments from its revenues, including management fees paid to the Adviser by Class A, Class M, and Class C, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of Class A, Class M, and Class C shares and/or shareholder support services, including payments of significant amounts made to intermediaries that provide those services. Currently, the Board of Trustees of each fund has authorized such payments for Class A, Class M, and Class C.
Each of Class I and Class Z of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act that recognizes that the Adviser may use its revenues, including management fees paid to the Adviser by Class I and Class Z, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of Class I and Class Z shares and/or shareholder support services. The Adviser, directly or through FDC, may pay significant amounts to intermediaries that provide those services. Currently, the Board of Trustees of each fund has authorized such payments for Class I and Class Z.
If payments made by the Adviser to FDC or to intermediaries under Class I's and Class Z's Distribution and Service Plan were considered to be paid out of Class I's and Class Z's assets on an ongoing basis, they might increase the cost of your investment and might cost you more than paying other types of sales charges.
No dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this prospectus and in the related SAI, in connection with the offer contained in this prospectus. If given or made, such other information or representations must not be relied upon as having been authorized by the funds or FDC. This prospectus and the related SAI do not constitute an offer by the funds or by FDC to sell shares of the funds to, or to buy shares of the funds from, any person to whom it is unlawful to make such offer.
Appendix
Financial Highlights
 
Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request. 
Fidelity Advisor Freedom® Income Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
10.82
$
11.49
$
10.50
$
10.76
$
11.01
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.32
 
.24
 
.09
 
.18
 
.20
     Net realized and unrealized gain (loss)
 
(.83)
 
(.34)
 
1.30
 
(.06) C
 
.12
  Total from investment operations
 
(.51)  
 
(.10)  
 
1.39  
 
.12  
 
.32
  Distributions from net investment income
 
(.31)
 
(.23)
 
(.11)
 
(.18)
 
(.19)
  Distributions from net realized gain
 
(.24)
 
(.34)
 
(.30)
 
(.20)
 
(.38)
     Total distributions
 
(.55)
 
(.57)
 
(.40) D
 
(.38)
 
(.57)
  Net asset value, end of period
$
9.76
$
10.82
$
11.49
$
10.50
$
10.76
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(4.58)%         
 
(1.04)%         
 
13.41%
 
1.04% C
 
3.14%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.72%
 
.72%
 
.72%
 
.72%
 
.71% I
    Expenses net of fee waivers, if any
 
.72%
 
.72%
 
.72%
 
.72%
 
.71% I
    Expenses net of all reductions
 
.72%
 
.72%
 
.72%
 
.72%
 
.71% I
    Net investment income (loss)
 
3.21%
 
2.11%
 
.80%
 
1.64%
 
1.84%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
64,491
$
75,687
$
73,935
$
61,807
$
69,817
    Portfolio turnover rate J
 
26%
 
47%
 
29%
 
25%
 
36%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount includes a reimbursement from the investment adviser for an operational error which amounted to less than $.01 per share. Excluding this reimbursement, the total return would have been .93%.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the sales charges.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® Income Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
10.79
$
11.47
$
10.49
$
10.74
$
11.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.29
 
.21
 
.06
 
.15
 
.17
     Net realized and unrealized gain (loss)
 
(.81)
 
(.34)
 
1.30
 
(.04) C
 
.12
  Total from investment operations
 
(.52)  
 
(.13)  
 
1.36  
 
.11  
 
.29
  Distributions from net investment income
 
(.29)
 
(.21)
 
(.08)
 
(.16)
 
(.17)
  Distributions from net realized gain
 
(.24)
 
(.34)
 
(.30)
 
(.20)
 
(.38)
     Total distributions
 
(.53)
 
(.55)
 
(.38)
 
(.36)
 
(.55)
  Net asset value, end of period
$
9.74
$
10.79
$
11.47
$
10.49
$
10.74
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(4.72)%         
 
(1.31)%         
 
13.06%
 
.90% C
 
2.78%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.97%
 
.97%
 
.96% H
 
.97%
 
.96% H
    Expenses net of fee waivers, if any
 
.97%
 
.97%
 
.96% H
 
.97%
 
.96% H
    Expenses net of all reductions
 
.96%
 
.97%
 
.96% H
 
.97%
 
.96% H
    Net investment income (loss)
 
2.96%
 
1.86%
 
.55%
 
1.39%
 
1.59%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
26,651
$
31,925
$
36,006
$
36,147
$
38,059
    Portfolio turnover rate I
 
26%
 
47%
 
29%
 
25%
 
36%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount includes a reimbursement from the investment adviser for an operational error which amounted to less than $.01 per share. Excluding this reimbursement, the total return would have been .79%.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® Income Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
10.72
$
11.43
$
10.47
$
10.73
$
10.98
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.24
 
.15
 
.01
 
.10
 
.12
     Net realized and unrealized gain (loss)
 
(.81)
 
(.33)
 
1.29
 
(.06) C
 
.12
  Total from investment operations
 
(.57)  
 
(.18)  
 
1.30  
 
.04  
 
.24
  Distributions from net investment income
 
(.25)
 
(.20)
 
(.04)
 
(.10)
 
(.11)
  Distributions from net realized gain
 
(.24)
 
(.34)
 
(.30)
 
(.20)
 
(.38)
     Total distributions
 
(.49)
 
(.53) D
 
(.34)
 
(.30)
 
(.49)
  Net asset value, end of period
$
9.66
$
10.72
$
11.43
$
10.47
$
10.73
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(5.27)%         
 
(1.75)%         
 
12.49%
 
.30% C
 
2.35%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.47%
 
1.47%
 
1.47%
 
1.46% I
 
1.46% I
    Expenses net of fee waivers, if any
 
1.47%
 
1.47%
 
1.47%
 
1.46% I
 
1.46% I
    Expenses net of all reductions
 
1.47%
 
1.47%
 
1.46%
 
1.46% I
 
1.46% I
    Net investment income (loss)
 
2.46%
 
1.36%
 
.05%
 
.89%
 
1.09%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
4,476
$
6,378
$
8,255
$
7,918
$
8,915
    Portfolio turnover rate J
 
26%
 
47%
 
29%
 
25%
 
36%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount includes a reimbursement from the investment adviser for an operational error which amounted to less than $.01 per share. Excluding this reimbursement, the total return would have been .19%.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the contingent deferred sales charge.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® Income Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
10.86
$
11.53
$
10.53
$
10.79
$
11.05
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.34
 
.27
 
.12
 
.21
 
.23
     Net realized and unrealized gain (loss)
 
(.81)
 
(.34)
 
1.31
 
(.06) C
 
.11
  Total from investment operations
 
(.47)  
 
(.07)  
 
1.43  
 
.15  
 
.34
  Distributions from net investment income
 
(.34)
 
(.26)
 
(.13)
 
(.21)
 
(.22)
  Distributions from net realized gain
 
(.24)
 
(.34)
 
(.30)
 
(.20)
 
(.38)
     Total distributions
 
(.58)
 
(.60)
 
(.43)
 
(.41)
 
(.60)
  Net asset value, end of period
$
9.81
$
10.86
$
11.53
$
10.53
$
10.79
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(4.22)%         
 
(.80)%         
 
13.72%
 
1.30% C
 
3.30%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.46% G
 
.46% G
 
.46% G
 
.47%
 
.46% G
    Expenses net of fee waivers, if any
 
.46% G
 
.46% G
 
.46% G
 
.47%
 
.46% G
    Expenses net of all reductions
 
.46% G
 
.46% G
 
.46% G
 
.47%
 
.46% G
    Net investment income (loss)
 
3.46%
 
2.36%
 
1.05%
 
1.89%
 
2.09%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
58,142
$
79,536
$
87,775
$
83,215
$
82,975
    Portfolio turnover rate H
 
26%
 
47%
 
29%
 
25%
 
36%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount includes a reimbursement from the investment adviser for an operational error which amounted to less than $.01 per share. Excluding this reimbursement, the total return would have been 1.19%.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® Income Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
10.85
$
11.52
$
10.53
$
10.79
$
10.91
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.34
 
.28
 
.12
 
.21
 
.24
     Net realized and unrealized gain (loss)
 
(.81)
 
(.34)
 
1.31
 
(.05) D
 
.01
  Total from investment operations
 
(.47)  
 
(.06)  
 
1.43  
 
.16  
 
.25
  Distributions from net investment income
 
(.35)
 
(.27)
 
(.14)
 
(.22)
 
(.15)
  Distributions from net realized gain
 
(.24)
 
(.34)
 
(.30)
 
(.20)
 
(.22)
     Total distributions
 
(.59)
 
(.61)
 
(.44)
 
(.42)
 
(.37)
  Net asset value, end of period
$
9.79
$
10.85
$
11.52
$
10.53
$
10.79
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(4.21)%         
 
(.75)%         
 
13.72%
 
1.36% D
 
2.47%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.42%
 
.41% I
 
.42%
 
.42%
 
.42% J
    Expenses net of fee waivers, if any
 
.42%
 
.41% I
 
.42%
 
.42%
 
.42% J
    Expenses net of all reductions
 
.42%
 
.41% I
 
.42%
 
.42%
 
.42% J
    Net investment income (loss)
 
3.51%
 
2.41%
 
1.10%
 
1.94%
 
4.60% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
10,672
$
7,064
$
8,919
$
3,128
$
765
    Portfolio turnover rate K
 
26%
 
47%
 
29%
 
25%
 
36%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Amount includes a reimbursement from the investment adviser for an operational error which amounted to less than $.01 per share. Excluding this reimbursement, the total return would have been 1.25%.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2005 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.07
$
11.99
$
10.85
$
11.36
$
11.92
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.32
 
.25
 
.10
 
.19
 
.21
     Net realized and unrealized gain (loss)
 
(.85)
 
(.33)
 
1.64
 
(.16)
 
.14
  Total from investment operations
 
(.53)  
 
(.08)  
 
1.74  
 
.03  
 
.35
  Distributions from net investment income
 
(.32)
 
(.26)
 
(.11)
 
(.20)
 
(.22)
  Distributions from net realized gain
 
(.29)
 
(.59)
 
(.49)
 
(.34)
 
(.68)
     Total distributions
 
(.61)
 
(.84) C
 
(.60)
 
(.54)
 
(.91) C
  Net asset value, end of period
$
9.93
$
11.07
$
11.99
$
10.85
$
11.36
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(4.72)%         
 
(.90)%         
 
16.31%
 
.04%
 
3.24%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.72%
 
.72%
 
.72%
 
.72%
 
.73%
    Expenses net of fee waivers, if any
 
.72%
 
.72%
 
.72%
 
.72%
 
.73%
    Expenses net of all reductions
 
.72%
 
.72%
 
.71%
 
.72%
 
.73%
    Net investment income (loss)
 
3.16%
 
2.07%
 
.81%
 
1.62%
 
1.80%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
43,354
$
64,023
$
76,060
$
74,103
$
86,981
    Portfolio turnover rate H
 
23%
 
45%
 
31%
 
28%
 
28%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns do not include the effect of the sales charges.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2005 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.05
$
11.97
$
10.83
$
11.35
$
11.91
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.29
 
.22
 
.07
 
.16
 
.18
     Net realized and unrealized gain (loss)
 
(.84)
 
(.32)
 
1.64
 
(.17)
 
.14
  Total from investment operations
 
(.55)  
 
(.10)  
 
1.71  
 
(.01)  
 
.32
  Distributions from net investment income
 
(.30)
 
(.23)
 
(.08)
 
(.17)
 
(.19)
  Distributions from net realized gain
 
(.29)
 
(.59)
 
(.49)
 
(.34)
 
(.68)
     Total distributions
 
(.59)
 
(.82)
 
(.57)
 
(.51)
 
(.88) C
  Net asset value, end of period
$
9.91
$
11.05
$
11.97
$
10.83
$
11.35
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(4.93)%         
 
(1.13)%         
 
16.06%
 
(.31)%
 
2.98%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.96% H
 
.96% H
 
.97%
 
.97%
 
.98%
    Expenses net of fee waivers, if any
 
.96% H
 
.96% H
 
.97%
 
.97%
 
.98%
    Expenses net of all reductions
 
.96% H
 
.96% H
 
.97%
 
.97%
 
.98%
    Net investment income (loss)
 
2.91%
 
1.82%
 
.56%
 
1.37%
 
1.55%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
18,153
$
20,760
$
21,606
$
22,480
$
24,132
    Portfolio turnover rate I
 
23%
 
45%
 
31%
 
28%
 
28%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2005 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.09
$
11.99
$
10.85
$
11.35
$
11.91
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.24
 
.16
 
.01
 
.10
 
.12
     Net realized and unrealized gain (loss)
 
(.84)
 
(.32)
 
1.64
 
(.16)
 
.13
  Total from investment operations
 
(.60)  
 
(.16)  
 
1.65  
 
(.06)  
 
.25
  Distributions from net investment income
 
(.23)
 
(.16)
 
(.02)
 
(.10)
 
(.12)
  Distributions from net realized gain
 
(.28)
 
(.59)
 
(.49)
 
(.34)
 
(.68)
     Total distributions
 
(.52) C
 
(.74) C
 
(.51)
 
(.44)
 
(.81) C
  Net asset value, end of period
$
9.97
$
11.09
$
11.99
$
10.85
$
11.35
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(5.40)%         
 
(1.55)%         
 
15.42%
 
(.70)%
 
2.35%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.47%
 
1.46% H
 
1.47%
 
1.47%
 
1.48%
    Expenses net of fee waivers, if any
 
1.47%
 
1.46% H
 
1.47%
 
1.47%
 
1.48%
    Expenses net of all reductions
 
1.47%
 
1.46% H
 
1.47%
 
1.47%
 
1.48%
    Net investment income (loss)
 
2.41%
 
1.32%
 
.06%
 
.87%
 
1.05%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
650
$
1,051
$
1,360
$
1,642
$
2,302
    Portfolio turnover rate I
 
23%
 
45%
 
31%
 
28%
 
28%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2005 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.16
$
12.08
$
10.93
$
11.45
$
12.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.35
 
.28
 
.13
 
.22
 
.24
     Net realized and unrealized gain (loss)
 
(.85)
 
(.33)
 
1.66
 
(.17)
 
.14
  Total from investment operations
 
(.50)  
 
(.05)  
 
1.79  
 
.05  
 
.38
  Distributions from net investment income
 
(.35)
 
(.29)
 
(.15)
 
(.23)
 
(.25)
  Distributions from net realized gain
 
(.29)
 
(.59)
 
(.49)
 
(.34)
 
(.68)
     Total distributions
 
(.64)
 
(.87) C
 
(.64)
 
(.57)
 
(.93)
  Net asset value, end of period
$
10.02
$
11.16
$
12.08
$
10.93
$
11.45
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(4.41)%         
 
(.64)%         
 
16.62%
 
.21%
 
3.53%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.47%
 
.46% G
 
.47%
 
.47%
 
.48%
    Expenses net of fee waivers, if any
 
.47%
 
.46% G
 
.47%
 
.47%
 
.48%
    Expenses net of all reductions
 
.47%
 
.46% G
 
.46%
 
.47%
 
.48%
    Net investment income (loss)
 
3.41%
 
2.32%
 
1.06%
 
1.87%
 
2.05%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
30,489
$
45,986
$
54,932
$
46,911
$
49,013
    Portfolio turnover rate H
 
23%
 
45%
 
31%
 
28%
 
28%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2005 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.09
$
12.01
$
10.88
$
11.41
$
11.84
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.35
 
.28
 
.13
 
.22
 
.20
     Net realized and unrealized gain (loss)
 
(.85)
 
(.31)
 
1.64
 
(.16)
 
.01
  Total from investment operations
 
(.50)  
 
(.03)  
 
1.77  
 
.06  
 
.21
  Distributions from net investment income
 
(.36)
 
(.31)
 
(.15)
 
(.25)
 
(.26)
  Distributions from net realized gain
 
(.29)
 
(.59)
 
(.49)
 
(.34)
 
(.39)
     Total distributions
 
(.65)
 
(.89) D
 
(.64)
 
(.59)
 
(.64) D
  Net asset value, end of period
$
9.94
$
11.09
$
12.01
$
10.88
$
11.41
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(4.44)%         
 
(.48)%         
 
16.59%
 
.32%
 
2.09%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.41% I
 
.42%
 
.41% I
 
.42%
 
.43% J
    Expenses net of fee waivers, if any
 
.41% I
 
.42%
 
.41% I
 
.42%
 
.43% J
    Expenses net of all reductions
 
.41% I
 
.42%
 
.41% I
 
.42%
 
.43% J
    Net investment income (loss)
 
3.46%
 
2.37%
 
1.11%
 
1.92%
 
3.58% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
5,990
$
5,885
$
4,101
$
2,851
$
126
    Portfolio turnover rate K
 
23%
 
45%
 
31%
 
28%
 
28%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2010 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.46
$
12.53
$
10.97
$
11.78
$
12.42
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.31
 
.25
 
.10
 
.19
 
.21
     Net realized and unrealized gain (loss)
 
(.94)
 
(.26)
 
2.18
 
(.31)
 
.15
  Total from investment operations
 
(.63)  
 
(.01)  
 
2.28  
 
(.12)  
 
.36
  Distributions from net investment income
 
(.30)
 
(.26)
 
(.11)
 
(.20)
 
(.21)
  Distributions from net realized gain
 
(.39)
 
(.80)
 
(.61)
 
(.49)
 
(.79)
     Total distributions
 
(.69)
 
(1.06)
 
(.72)
 
(.69)
 
(1.00)
  Net asset value, end of period
$
10.14
$
11.46
$
12.53
$
10.97
$
11.78
 
 
 
 
 
 
 
 
 
 
 
 Total Return   C,D
 
(5.41)%         
 
(.41)%         
 
21.28%
 
(1.39)%
 
3.28%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.74%
 
.75%
 
.76%
 
.77%
 
.77% G
    Expenses net of fee waivers, if any
 
.74%
 
.75%
 
.76%
 
.77%
 
.77% G
    Expenses net of all reductions
 
.74%
 
.75%
 
.76%
 
.77%
 
.77% G
    Net investment income (loss)
 
3.03%
 
2.06%
 
.81%
 
1.56%
 
1.75%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
107,179
$
137,046
$
164,212
$
162,920
$
198,633
    Portfolio turnover rate H
 
20%
 
37%
 
26%
 
23%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Total returns do not include the effect of the sales charges.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2010 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.39
$
12.46
$
10.92
$
11.73
$
12.37
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.28
 
.22
 
.07
 
.15
 
.18
     Net realized and unrealized gain (loss)
 
(.93)
 
(.26)
 
2.16
 
(.30)
 
.15
  Total from investment operations
 
(.65)  
 
(.04)  
 
2.23  
 
(.15)  
 
.33
  Distributions from net investment income
 
(.28)
 
(.24)
 
(.09)
 
(.17)
 
(.18)
  Distributions from net realized gain
 
(.39)
 
(.80)
 
(.61)
 
(.49)
 
(.79)
     Total distributions
 
(.66) C
 
(1.03) C
 
(.69) C
 
(.66)
 
(.97)
  Net asset value, end of period
$
10.08
$
11.39
$
12.46
$
10.92
$
11.73
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(5.59)%         
 
(.63)%         
 
20.90%
 
(1.63)%
 
3.06%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.99%
 
1.00%
 
1.01%
 
1.02%
 
1.02% H
    Expenses net of fee waivers, if any
 
.99%
 
1.00%
 
1.01%
 
1.02%
 
1.02% H
    Expenses net of all reductions
 
.99%
 
1.00%
 
1.01%
 
1.02%
 
1.02% H
    Net investment income (loss)
 
2.78%
 
1.81%
 
.56%
 
1.31%
 
1.50%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
48,094
$
60,633
$
69,654
$
64,750
$
71,679
    Portfolio turnover rate I
 
20%
 
37%
 
26%
 
23%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2010 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.34
$
12.42
$
10.87
$
11.66
$
12.29
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.23
 
.16
 
.01
 
.10
 
.12
     Net realized and unrealized gain (loss)
 
(.93)
 
(.27)
 
2.16
 
(.30)
 
.14
  Total from investment operations
 
(.70)  
 
(.11)  
 
2.17  
 
(.20)  
 
.26
  Distributions from net investment income
 
(.21)
 
(.18)
 
(.02)
 
(.10)
 
(.11)
  Distributions from net realized gain
 
(.38)
 
(.80)
 
(.60)
 
(.49)
 
(.78)
     Total distributions
 
(.59)
 
(.97) C
 
(.62)
 
(.59)
 
(.89)
  Net asset value, end of period
$
10.05
$
11.34
$
12.42
$
10.87
$
11.66
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.09)%         
 
(1.19)%         
 
20.36%
 
(2.02)%
 
2.45%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.49%
 
1.50%
 
1.51%
 
1.51% H
 
1.52% H
    Expenses net of fee waivers, if any
 
1.49%
 
1.50%
 
1.51%
 
1.51% H
 
1.52% H
    Expenses net of all reductions
 
1.49%
 
1.50%
 
1.51%
 
1.51% H
 
1.52% H
    Net investment income (loss)
 
2.28%
 
1.31%
 
.06%
 
.81%
 
1.00%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
2,196
$
4,335
$
6,544
$
8,343
$
10,765
    Portfolio turnover rate I
 
20%
 
37%
 
26%
 
23%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2010 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.50
$
12.58
$
11.02
$
11.82
$
12.47
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.34
 
.29
 
.13
 
.22
 
.24
     Net realized and unrealized gain (loss)
 
(.94)
 
(.28)
 
2.19
 
(.30)
 
.14
  Total from investment operations
 
(.60)  
 
.01  
 
2.32  
 
(.08)  
 
.38
  Distributions from net investment income
 
(.33)
 
(.30)
 
(.15)
 
(.23)
 
(.25)
  Distributions from net realized gain
 
(.39)
 
(.80)
 
(.61)
 
(.49)
 
(.79)
     Total distributions
 
(.72)
 
(1.09) C
 
(.76)
 
(.72)
 
(1.03) C
  Net asset value, end of period
$
10.18
$
11.50
$
12.58
$
11.02
$
11.82
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(5.13)%         
 
(.21)%         
 
21.50%
 
(1.04)%
 
3.50%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.49%
 
.50%
 
.51%
 
.52%
 
.52% G
    Expenses net of fee waivers, if any
 
.49%
 
.50%
 
.51%
 
.52%
 
.52% G
    Expenses net of all reductions
 
.49%
 
.50%
 
.51%
 
.52%
 
.52% G
    Net investment income (loss)
 
3.28%
 
2.31%
 
1.06%
 
1.81%
 
2.00%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
81,490
$
103,754
$
114,929
$
107,764
$
131,896
    Portfolio turnover rate H
 
20%
 
37%
 
26%
 
23%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2010 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.42
$
12.51
$
10.95
$
11.78
$
12.30
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.34
 
.29
 
.14
 
.22
 
.27
     Net realized and unrealized gain (loss)
 
(.93)
 
(.27)
 
2.18
 
(.30)
 
(.11)
  Total from investment operations
 
(.59)  
 
.02  
 
2.32  
 
(.08)  
 
.16
  Distributions from net investment income
 
(.34)
 
(.31)
 
(.15)
 
(.26)
 
(.26)
  Distributions from net realized gain
 
(.39)
 
(.80)
 
(.61)
 
(.49)
 
(.42)
     Total distributions
 
(.73)
 
(1.11)
 
(.76)
 
(.75)
 
(.68)
  Net asset value, end of period
$
10.10
$
11.42
$
12.51
$
10.95
$
11.78
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(5.07)%         
 
(.20)%         
 
21.71%
 
(1.05)%
 
1.65%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.43% H
 
.44%
 
.45%
 
.46% H
 
.47% H,I
    Expenses net of fee waivers, if any
 
.43% H
 
.44%
 
.45%
 
.46% H
 
.47% H,I
    Expenses net of all reductions
 
.43% H
 
.44%
 
.45%
 
.46% H
 
.47% H,I
    Net investment income (loss)
 
3.34%
 
2.37%
 
1.12%
 
1.87%
 
4.58% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
9,500
$
8,545
$
6,514
$
5,895
$
257
    Portfolio turnover rate J
 
20%
 
37%
 
26%
 
23%
 
24%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Calculated based on average shares outstanding during the period.
D Total returns for periods of less than one year are not annualized.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Annualized.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2015 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.40
$
12.59
$
10.71
$
11.79
$
12.59
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.29
 
.25
 
.09
 
.18
 
.21
     Net realized and unrealized gain (loss)
 
(1.00)
 
(.21)
 
2.66
 
(.44)
 
.14
  Total from investment operations
 
(.71)  
 
.04  
 
2.75  
 
(.26)  
 
.35
  Distributions from net investment income
 
(.28)
 
(.26)
 
(.11)
 
(.19)
 
(.21)
  Distributions from net realized gain
 
(.49)
 
(.97)
 
(.76)
 
(.62)
 
(.94)
     Total distributions
 
(.77)
 
(1.23)
 
(.87)
 
(.82) C
 
(1.15)
  Net asset value, end of period
$
9.92
$
11.40
$
12.59
$
10.71
$
11.79
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.14)%         
 
(.08)%         
 
26.45%
 
(2.77)%
 
3.26%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets A,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.78%
 
.79%
 
.80%
 
.81%
 
.82%
    Expenses net of fee waivers, if any
 
.78%
 
.79%
 
.80%
 
.81%
 
.82%
    Expenses net of all reductions
 
.78%
 
.79%
 
.80%
 
.81%
 
.82%
    Net investment income (loss)
 
2.86%
 
2.03%
 
.79%
 
1.50%
 
1.71%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
251,605
$
315,460
$
385,409
$
360,371
$
476,763
    Portfolio turnover rate H
 
20%
 
35%
 
27%
 
22%
 
21%
A Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2015 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.35
$
12.55
$
10.68
$
11.76
$
12.56
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.26
 
.22
 
.06
 
.15
 
.17
     Net realized and unrealized gain (loss)
 
(.99)
 
(.21)
 
2.65
 
(.44)
 
.15
  Total from investment operations
 
(.73)  
 
.01  
 
2.71  
 
(.29)  
 
.32
  Distributions from net investment income
 
(.26)
 
(.24)
 
(.08)
 
(.16)
 
(.18)
  Distributions from net realized gain
 
(.48)
 
(.97)
 
(.76)
 
(.62)
 
(.94)
     Total distributions
 
(.74)
 
(1.21)
 
(.84)
 
(.79) C
 
(1.12)
  Net asset value, end of period
$
9.88
$
11.35
$
12.55
$
10.68
$
11.76
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.31)%         
 
(.35)%         
 
26.13%
 
(3.00)%
 
3.01%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets A,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.03%
 
1.04%
 
1.05%
 
1.06%
 
1.07%
    Expenses net of fee waivers, if any
 
1.03%
 
1.04%
 
1.05%
 
1.06%
 
1.07%
    Expenses net of all reductions
 
1.03%
 
1.04%
 
1.05%
 
1.06%
 
1.07%
    Net investment income (loss)
 
2.61%
 
1.78%
 
.54%
 
1.25%
 
1.45%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
83,161
$
107,957
$
134,240
$
123,857
$
152,212
    Portfolio turnover rate H
 
20%
 
35%
 
27%
 
22%
 
21%
A Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2015 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.28
$
12.46
$
10.62
$
11.69
$
12.47
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.21
 
.16
 
- C
 
.09
 
.11
     Net realized and unrealized gain (loss)
 
(.99)
 
(.20)
 
2.62
 
(.44)
 
.16
  Total from investment operations
 
(.78)  
 
(.04)  
 
2.62  
 
(.35)  
 
.27
  Distributions from net investment income
 
(.22)
 
(.17)
 
(.03)
 
(.09)
 
(.13)
  Distributions from net realized gain
 
(.48)
 
(.97)
 
(.74)
 
(.62)
 
(.93)
     Total distributions
 
(.70)
 
(1.14)
 
(.78) D
 
(.72) D
 
(1.05) D
  Net asset value, end of period
$
9.80
$
11.28
$
12.46
$
10.62
$
11.69
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.83)%         
 
(.74)%         
 
25.36%
 
(3.48)%
 
2.60%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets A,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.53%
 
1.54%
 
1.55%
 
1.56%
 
1.57%
    Expenses net of fee waivers, if any
 
1.53%
 
1.54%
 
1.55%
 
1.56%
 
1.57%
    Expenses net of all reductions
 
1.53%
 
1.54%
 
1.55%
 
1.55%
 
1.57%
    Net investment income (loss)
 
2.11%
 
1.28%
 
.04%
 
.76%
 
.96%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
9,463
$
12,554
$
20,654
$
20,129
$
31,274
    Portfolio turnover rate I
 
20%
 
35%
 
27%
 
22%
 
21%
A Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
B Calculated based on average shares outstanding during the period.
C Amount represents less than $.005 per share.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the contingent deferred sales charge.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2015 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.52
$
12.71
$
10.81
$
11.89
$
12.69
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.31
 
.29
 
.13
 
.21
 
.24
     Net realized and unrealized gain (loss)
 
(1.00)
 
(.22)
 
2.67
 
(.44)
 
.14
  Total from investment operations
 
(.69)  
 
.07  
 
2.80  
 
(.23)  
 
.38
  Distributions from net investment income
 
(.31)
 
(.29)
 
(.14)
 
(.22)
 
(.24)
  Distributions from net realized gain
 
(.49)
 
(.97)
 
(.76)
 
(.62)
 
(.94)
     Total distributions
 
(.79) C
 
(1.26)
 
(.90)
 
(.85) C
 
(1.18)
  Net asset value, end of period
$
10.04
$
11.52
$
12.71
$
10.81
$
11.89
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(5.84)%         
 
.20%         
 
26.71%
 
(2.50)%
 
3.55%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets A,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.53%
 
.54%
 
.55%
 
.56%
 
.57%
    Expenses net of fee waivers, if any
 
.53%
 
.54%
 
.55%
 
.56%
 
.57%
    Expenses net of all reductions
 
.53%
 
.54%
 
.55%
 
.56%
 
.57%
    Net investment income (loss)
 
3.11%
 
2.28%
 
1.04%
 
1.75%
 
1.95%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
158,411
$
222,906
$
256,243
$
238,048
$
304,221
    Portfolio turnover rate G
 
20%
 
35%
 
27%
 
22%
 
21%
A Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2015 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
11.42
$
12.62
$
10.74
$
11.85
$
12.50
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.32
 
.29
 
.13
 
.22
 
.27
     Net realized and unrealized gain (loss)
 
(1.00)
 
(.21)
 
2.66
 
(.45)
 
(.17)
  Total from investment operations
 
(.68)  
 
.08  
 
2.79  
 
(.23)  
 
.10
  Distributions from net investment income
 
(.32)
 
(.31)
 
(.15)
 
(.26)
 
(.27)
  Distributions from net realized gain
 
(.49)
 
(.97)
 
(.76)
 
(.62)
 
(.48)
     Total distributions
 
(.80) D
 
(1.28)
 
(.91)
 
(.88)
 
(.75)
  Net asset value, end of period
$
9.94
$
11.42
$
12.62
$
10.74
$
11.85
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(5.79)%         
 
.25%         
 
26.82%
 
(2.48)%
 
1.29%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.47%
 
.48%
 
.48%
 
.49%
 
.51% I,J
    Expenses net of fee waivers, if any
 
.47%
 
.48%
 
.48%
 
.49%
 
.51% I,J
    Expenses net of all reductions
 
.47%
 
.48%
 
.48%
 
.49%
 
.51% I,J
    Net investment income (loss)
 
3.17%
 
2.35%
 
1.11%
 
1.82%
 
4.73% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
25,616
$
24,200
$
20,850
$
16,135
$
1,522
    Portfolio turnover rate K
 
20%
 
35%
 
27%
 
22%
 
21%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Calculated based on average shares outstanding during the period.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Annualized.
J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2020 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.83
$
14.19
$
11.63
$
12.97
$
13.71
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.30
 
.28
 
.10
 
.19
 
.22
     Net realized and unrealized gain (loss)
 
(1.19)
 
(.18)
 
3.43
 
(.65)
 
.18
  Total from investment operations
 
(.89)  
 
.10  
 
3.53  
 
(.46)  
 
.40
  Distributions from net investment income
 
(.29)
 
(.30)
 
(.12)
 
(.20)
 
(.22)
  Distributions from net realized gain
 
(.63)
 
(1.16)
 
(.85)
 
(.68)
 
(.92)
     Total distributions
 
(.93) C
 
(1.46)
 
(.97)
 
(.88)
 
(1.14)
  Net asset value, end of period
$
11.01
$
12.83
$
14.19
$
11.63
$
12.97
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.81)%         
 
.25%         
 
31.39%
 
(4.15)%
 
3.40%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.83%
 
.83%
 
.84%
 
.85%
 
.86%
    Expenses net of fee waivers, if any
 
.83%
 
.83%
 
.84%
 
.85%
 
.86%
    Expenses net of all reductions
 
.83%
 
.83%
 
.84%
 
.85%
 
.86%
    Net investment income (loss)
 
2.67%
 
2.02%
 
.78%
 
1.46%
 
1.68%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
575,228
$
741,474
$
877,842
$
800,330
$
1,038,299
    Portfolio turnover rate H
 
21%
 
34%
 
26%
 
25%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2020 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.81
$
14.18
$
11.62
$
12.96
$
13.71
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.27
 
.25
 
.07
 
.16
 
.19
     Net realized and unrealized gain (loss)
 
(1.18)
 
(.19)
 
3.43
 
(.65)
 
.17
  Total from investment operations
 
(.91)  
 
.06  
 
3.50  
 
(.49)  
 
.36
  Distributions from net investment income
 
(.27)
 
(.27)
 
(.09)
 
(.17)
 
(.19)
  Distributions from net realized gain
 
(.63)
 
(1.16)
 
(.85)
 
(.68)
 
(.92)
     Total distributions
 
(.91) C
 
(1.43)
 
(.94)
 
(.85)
 
(1.11)
  Net asset value, end of period
$
10.99
$
12.81
$
14.18
$
11.62
$
12.96
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.01)%         
 
(.02)%         
 
31.08%
 
(4.38)%
 
3.07%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.08%
 
1.08%
 
1.09%
 
1.10%
 
1.11%
    Expenses net of fee waivers, if any
 
1.08%
 
1.08%
 
1.09%
 
1.10%
 
1.11%
    Expenses net of all reductions
 
1.08%
 
1.08%
 
1.09%
 
1.10%
 
1.11%
    Net investment income (loss)
 
2.42%
 
1.77%
 
.53%
 
1.21%
 
1.43%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
211,956
$
265,388
$
309,456
$
277,496
$
345,810
    Portfolio turnover rate H
 
21%
 
34%
 
26%
 
25%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2020 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.66
$
14.03
$
11.52
$
12.86
$
13.60
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.21
 
.18
 
- C
 
.09
 
.12
     Net realized and unrealized gain (loss)
 
(1.17)
 
(.18)
 
3.39
 
(.64)
 
.17
  Total from investment operations
 
(.96)  
 
-  
 
3.39  
 
(.55)  
 
.29
  Distributions from net investment income
 
(.23)
 
(.21)
 
(.04)
 
(.11)
 
(.14)
  Distributions from net realized gain
 
(.63)
 
(1.16)
 
(.84)
 
(.68)
 
(.90)
     Total distributions
 
(.86)
 
(1.37)
 
(.88)
 
(.79)
 
(1.03) D
  Net asset value, end of period
$
10.84
$
12.66
$
14.03
$
11.52
$
12.86
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.48)%         
 
(.47)%         
 
30.36%
 
(4.81)%
 
2.55%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.58%
 
1.58%
 
1.59%
 
1.60%
 
1.61%
    Expenses net of fee waivers, if any
 
1.58%
 
1.58%
 
1.59%
 
1.60%
 
1.61%
    Expenses net of all reductions
 
1.58%
 
1.58%
 
1.59%
 
1.60%
 
1.61%
    Net investment income (loss)
 
1.92%
 
1.27%
 
.03%
 
.71%
 
.93%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
26,447
$
36,340
$
51,480
$
46,563
$
63,123
    Portfolio turnover rate I
 
21%
 
34%
 
26%
 
25%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount represents less than $.005 per share.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the contingent deferred sales charge.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2020 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.97
$
14.32
$
11.73
$
13.07
$
13.82
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.33
 
.32
 
.14
 
.22
 
.26
     Net realized and unrealized gain (loss)
 
(1.20)
 
(.18)
 
3.46
 
(.65)
 
.17
  Total from investment operations
 
(.87)  
 
.14  
 
3.60  
 
(.43)  
 
.43
  Distributions from net investment income
 
(.31)
 
(.32)
 
(.15)
 
(.23)
 
(.26)
  Distributions from net realized gain
 
(.64)
 
(1.16)
 
(.85)
 
(.68)
 
(.92)
     Total distributions
 
(.95)
 
(1.49) C
 
(1.01) C
 
(.91)
 
(1.18)
  Net asset value, end of period
$
11.15
$
12.97
$
14.32
$
11.73
$
13.07
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(6.53)%         
 
.53%         
 
31.70%
 
(3.87)%
 
3.61%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.58%
 
.58%
 
.59%
 
.60%
 
.61%
    Expenses net of fee waivers, if any
 
.58%
 
.58%
 
.59%
 
.60%
 
.61%
    Expenses net of all reductions
 
.58%
 
.58%
 
.59%
 
.60%
 
.61%
    Net investment income (loss)
 
2.92%
 
2.27%
 
1.03%
 
1.71%
 
1.92%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
427,927
$
616,520
$
743,070
$
654,422
$
795,372
    Portfolio turnover rate G
 
21%
 
34%
 
26%
 
25%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2020 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.85
$
14.21
$
11.65
$
13.02
$
13.69
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.33
 
.33
 
.15
 
.23
 
.21
     Net realized and unrealized gain (loss)
 
(1.19)
 
(.19)
 
3.43
 
(.64)
 
(.15)
  Total from investment operations
 
(.86)  
 
.14  
 
3.58  
 
(.41)  
 
.06
  Distributions from net investment income
 
(.33)
 
(.34)
 
(.17)
 
(.28)
 
(.30)
  Distributions from net realized gain
 
(.65)
 
(1.17)
 
(.85)
 
(.68)
 
(.43)
     Total distributions
 
(.97) D
 
(1.50) D
 
(1.02)
 
(.96)
 
(.73)
  Net asset value, end of period
$
11.02
$
12.85
$
14.21
$
11.65
$
13.02
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.48)%         
 
.58%         
 
31.82%
 
(3.82)%
 
.91%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.50%
 
.51%
 
.52%
 
.53% I
 
.54% I,J
    Expenses net of fee waivers, if any
 
.50%
 
.51%
 
.52%
 
.53% I
 
.54% I,J
    Expenses net of all reductions
 
.50%
 
.51%
 
.52%
 
.53% I
 
.54% I,J
    Net investment income (loss)
 
3.00%
 
2.35%
 
1.10%
 
1.78%
 
3.41% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
74,665
$
59,576
$
45,836
$
33,172
$
2,585
    Portfolio turnover rate K
 
21%
 
34%
 
26%
 
25%
 
22%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2025 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.45
$
14.62
$
11.55
$
12.99
$
13.74
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.29
 
.29
 
.10
 
.18
 
.21
     Net realized and unrealized gain (loss)
 
(1.26)
 
(.14)
 
3.84
 
(.76)
 
.18
  Total from investment operations
 
(.97)  
 
.15  
 
3.94  
 
(.58)  
 
.39
  Distributions from net investment income
 
(.29)
 
(.30)
 
(.12)
 
(.19)
 
(.21)
  Distributions from net realized gain
 
(.68)
 
(1.02)
 
(.76)
 
(.67)
 
(.93)
     Total distributions
 
(.97)
 
(1.32)
 
(.87) C
 
(.86)
 
(1.14)
  Net asset value, end of period
$
11.51
$
13.45
$
14.62
$
11.55
$
12.99
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.05)%         
 
.64%         
 
35.22%
 
(5.09)%
 
3.34%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.87%
 
.88%
 
.89%
 
.89%
 
.90%
    Expenses net of fee waivers, if any
 
.87%
 
.88%
 
.89%
 
.89%
 
.90%
    Expenses net of all reductions
 
.87%
 
.88%
 
.89%
 
.89%
 
.90%
    Net investment income (loss)
 
2.50%
 
2.01%
 
.76%
 
1.40%
 
1.62%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
926,152
$
1,161,792
$
1,276,609
$
1,043,442
$
1,304,020
    Portfolio turnover rate H
 
21%
 
36%
 
28%
 
29%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2025 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.46
$
14.64
$
11.57
$
13.01
$
13.76
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.26
 
.26
 
.07
 
.15
 
.18
     Net realized and unrealized gain (loss)
 
(1.25)
 
(.15)
 
3.84
 
(.76)
 
.18
  Total from investment operations
 
(.99)  
 
.11  
 
3.91  
 
(.61)  
 
.36
  Distributions from net investment income
 
(.26)
 
(.28)
 
(.09)
 
(.16)
 
(.19)
  Distributions from net realized gain
 
(.68)
 
(1.02)
 
(.75)
 
(.67)
 
(.92)
     Total distributions
 
(.94)
 
(1.29) C
 
(.84)
 
(.83)
 
(1.11)
  Net asset value, end of period
$
11.53
$
13.46
$
14.64
$
11.57
$
13.01
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.21)%         
 
.38%         
 
34.85%
 
(5.31)%
 
3.09%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.12%
 
1.13%
 
1.14%
 
1.14%
 
1.15%
    Expenses net of fee waivers, if any
 
1.12%
 
1.13%
 
1.14%
 
1.14%
 
1.15%
    Expenses net of all reductions
 
1.12%
 
1.13%
 
1.14%
 
1.14%
 
1.15%
    Net investment income (loss)
 
2.25%
 
1.76%
 
.51%
 
1.15%
 
1.37%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
342,224
$
405,616
$
432,038
$
362,131
$
423,584
    Portfolio turnover rate H
 
21%
 
36%
 
28%
 
29%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2025 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.14
$
14.33
$
11.35
$
12.80
$
13.54
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.20
 
.18
 
- C
 
.08
 
.11
     Net realized and unrealized gain (loss)
 
(1.23)
 
(.14)
 
3.77
 
(.75)
 
.18
  Total from investment operations
 
(1.03)  
 
.04  
 
3.77  
 
(.67)  
 
.29
  Distributions from net investment income
 
(.22)
 
(.21)
 
(.04)
 
(.11)
 
(.13)
  Distributions from net realized gain
 
(.67)
 
(1.02)
 
(.75)
 
(.66)
 
(.91)
     Total distributions
 
(.89)
 
(1.23)
 
(.79)
 
(.78) D
 
(1.03) D
  Net asset value, end of period
$
11.22
$
13.14
$
14.33
$
11.35
$
12.80
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.72)%         
 
(.12)%         
 
34.28%
 
(5.85)%
 
2.59%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.62%
 
1.63%
 
1.64%
 
1.64%
 
1.65%
    Expenses net of fee waivers, if any
 
1.62%
 
1.63%
 
1.64%
 
1.64%
 
1.65%
    Expenses net of all reductions
 
1.62%
 
1.63%
 
1.64%
 
1.64%
 
1.65%
    Net investment income (loss)
 
1.75%
 
1.26%
 
.01%
 
.65%
 
.87%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
35,779
$
46,295
$
60,128
$
51,559
$
64,691
    Portfolio turnover rate I
 
21%
 
36%
 
28%
 
29%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount represents less than $.005 per share.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the contingent deferred sales charge.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2025 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.61
$
14.77
$
11.66
$
13.11
$
13.86
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.32
 
.33
 
.14
 
.22
 
.25
     Net realized and unrealized gain (loss)
 
(1.27)
 
(.14)
 
3.88
 
(.77)
 
.18
  Total from investment operations
 
(.95)  
 
.19  
 
4.02  
 
(.55)  
 
.43
  Distributions from net investment income
 
(.31)
 
(.33)
 
(.15)
 
(.22)
 
(.25)
  Distributions from net realized gain
 
(.69)
 
(1.02)
 
(.76)
 
(.67)
 
(.93)
     Total distributions
 
(1.00)
 
(1.35)
 
(.91)
 
(.90) C
 
(1.18)
  Net asset value, end of period
$
11.66
$
13.61
$
14.77
$
11.66
$
13.11
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(6.81)%         
 
.89%         
 
35.57%
 
(4.89)%
 
3.63%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.62%
 
.63%
 
.64%
 
.64%
 
.65%
    Expenses net of fee waivers, if any
 
.62%
 
.63%
 
.64%
 
.64%
 
.65%
    Expenses net of all reductions
 
.62%
 
.63%
 
.64%
 
.64%
 
.65%
    Net investment income (loss)
 
2.75%
 
2.26%
 
1.01%
 
1.65%
 
1.87%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
777,570
$
1,026,796
$
1,150,782
$
911,020
$
1,051,420
    Portfolio turnover rate G
 
21%
 
36%
 
28%
 
29%
 
24%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2025 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.48
$
14.65
$
11.58
$
13.05
$
13.78
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.32
 
.34
 
.15
 
.23
 
.03
     Net realized and unrealized gain (loss)
 
(1.25)
 
(.14)
 
3.85
 
(.76)
 
(.02)
  Total from investment operations
 
(.93)  
 
.20  
 
4.00  
 
(.53)  
 
.01
  Distributions from net investment income
 
(.32)
 
(.35)
 
(.17)
 
(.27)
 
(.30)
  Distributions from net realized gain
 
(.70)
 
(1.02)
 
(.76)
 
(.67)
 
(.44)
     Total distributions
 
(1.02)
 
(1.37)
 
(.93)
 
(.94)
 
(.74)
  Net asset value, end of period
$
11.53
$
13.48
$
14.65
$
11.58
$
13.05
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.67)%         
 
.94%         
 
35.65%
 
(4.77)%
 
.56%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.54%
 
.54% H
 
.55%
 
.56%
 
.56% I
    Expenses net of fee waivers, if any
 
.54%
 
.54% H
 
.55%
 
.56%
 
.56% I
    Expenses net of all reductions
 
.54%
 
.54% H
 
.55%
 
.56%
 
.56% I
    Net investment income (loss)
 
2.83%
 
2.34%
 
1.10%
 
1.74%
 
.43% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
126,414
$
94,133
$
60,905
$
36,620
$
3,396
    Portfolio turnover rate J
 
21%
 
36%
 
28%
 
29%
 
24%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total returns for periods of less than one year are not annualized.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Annualized.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2030 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.75
$
16.00
$
12.21
$
14.01
$
14.95
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.28
 
.32
 
.11
 
.19
 
.23
     Net realized and unrealized gain (loss)
 
(1.33)
 
(.09)
 
4.67
 
(1.01)
 
.19
  Total from investment operations
 
(1.05)  
 
.23  
 
4.78  
 
(.82)  
 
.42
  Distributions from net investment income
 
(.28)
 
(.33)
 
(.13)
 
(.19)
 
(.24)
  Distributions from net realized gain
 
(.79)
 
(1.15)
 
(.87)
 
(.79)
 
(1.13)
     Total distributions
 
(1.07)
 
(1.48)
 
(.99) C
 
(.98)
 
(1.36) C
  Net asset value, end of period
$
12.63
$
14.75
$
16.00
$
12.21
$
14.01
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(6.96)%         
 
1.05%         
 
40.51%
 
(6.61)%
 
3.43%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.91%
 
.92%
 
.93%
 
.94%
 
.94% H
    Expenses net of fee waivers, if any
 
.91%
 
.92%
 
.93%
 
.94%
 
.94% H
    Expenses net of all reductions
 
.91%
 
.92%
 
.93%
 
.94%
 
.94% H
    Net investment income (loss)
 
2.25%
 
1.99%
 
.75%
 
1.35%
 
1.57%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
1,084,628
$
1,246,930
$
1,318,549
$
1,041,706
$
1,279,896
    Portfolio turnover rate I
 
22%
 
31%
 
29%
 
33%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2030 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.62
$
15.88
$
12.13
$
13.93
$
14.88
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.25
 
.28
 
.07
 
.15
 
.19
     Net realized and unrealized gain (loss)
 
(1.33)
 
(.09)
 
4.64
 
(1.00)
 
.19
  Total from investment operations
 
(1.08)  
 
.19  
 
4.71  
 
(.85)  
 
.38
  Distributions from net investment income
 
(.25)
 
(.30)
 
(.10)
 
(.17)
 
(.21)
  Distributions from net realized gain
 
(.78)
 
(1.15)
 
(.86)
 
(.78)
 
(1.12)
     Total distributions
 
(1.03)
 
(1.45)
 
(.96)
 
(.95)
 
(1.33)
  Net asset value, end of period
$
12.51
$
14.62
$
15.88
$
12.13
$
13.93
 
 
 
 
 
 
 
 
 
 
 
 Total Return   C,D
 
(7.20)%         
 
.81%         
 
40.15%
 
(6.84)%
 
3.12%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.16%
 
1.17%
 
1.18%
 
1.19%
 
1.19% G
    Expenses net of fee waivers, if any
 
1.16%
 
1.17%
 
1.18%
 
1.19%
 
1.19% G
    Expenses net of all reductions
 
1.16%
 
1.17%
 
1.18%
 
1.19%
 
1.19% G
    Net investment income (loss)
 
2.00%
 
1.74%
 
.50%
 
1.10%
 
1.32%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
410,614
$
477,841
$
502,610
$
391,371
$
453,917
    Portfolio turnover rate H
 
22%
 
31%
 
29%
 
33%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Total returns do not include the effect of the sales charges.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2030 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.32
$
15.60
$
11.95
$
13.75
$
14.71
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.18
 
.19
 
- C
 
.08
 
.12
     Net realized and unrealized gain (loss)
 
(1.29)
 
(.08)
 
4.55
 
(.98)
 
.18
  Total from investment operations
 
(1.11)  
 
.11  
 
4.55  
 
(.90)  
 
.30
  Distributions from net investment income
 
(.20)
 
(.24)
 
(.05)
 
(.12)
 
(.15)
  Distributions from net realized gain
 
(.78)
 
(1.15)
 
(.85)
 
(.78)
 
(1.11)
     Total distributions
 
(.98)
 
(1.39)
 
(.90)
 
(.90)
 
(1.26)
  Net asset value, end of period
$
12.23
$
14.32
$
15.60
$
11.95
$
13.75
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.61)%         
 
.30%         
 
39.41%
 
(7.25)%
 
2.57%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.66%
 
1.67%
 
1.68%
 
1.69%
 
1.69% H
    Expenses net of fee waivers, if any
 
1.66%
 
1.67%
 
1.68%
 
1.69%
 
1.69% H
    Expenses net of all reductions
 
1.66%
 
1.67%
 
1.68%
 
1.69%
 
1.69% H
    Net investment income (loss)
 
1.50%
 
1.24%
 
-% I
 
.60%
 
.82%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
48,560
$
58,820
$
69,899
$
55,554
$
66,505
    Portfolio turnover rate J
 
22%
 
31%
 
29%
 
33%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Amount represents less than $.005 per share.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount represents less than .005%.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2030 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.87
$
16.10
$
12.29
$
14.09
$
15.04
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.32
 
.36
 
.15
 
.23
 
.26
     Net realized and unrealized gain (loss)
 
(1.36)
 
(.08)
 
4.69
 
(1.01)
 
.19
  Total from investment operations
 
(1.04)  
 
.28  
 
4.84  
 
(.78)  
 
.45
  Distributions from net investment income
 
(.30)
 
(.36)
 
(.15)
 
(.22)
 
(.27)
  Distributions from net realized gain
 
(.80)
 
(1.15)
 
(.88)
 
(.80)
 
(1.14)
     Total distributions
 
(1.09) C
 
(1.51)
 
(1.03)
 
(1.02)
 
(1.40) C
  Net asset value, end of period
$
12.74
$
14.87
$
16.10
$
12.29
$
14.09
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(6.75)%         
 
1.37%         
 
40.77%
 
(6.32)%
 
3.65%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.66%
 
.67%
 
.68%
 
.69%
 
.69% G
    Expenses net of fee waivers, if any
 
.66%
 
.67%
 
.68%
 
.69%
 
.69% G
    Expenses net of all reductions
 
.66%
 
.67%
 
.68%
 
.69%
 
.69% G
    Net investment income (loss)
 
2.50%
 
2.24%
 
1.00%
 
1.60%
 
1.82%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
988,412
$
1,242,060
$
1,325,192
$
984,341
$
1,108,684
    Portfolio turnover rate H
 
22%
 
31%
 
29%
 
33%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2030 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.73
$
15.98
$
12.20
$
14.03
$
14.99
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.32
 
.37
 
.16
 
.24
 
.04
     Net realized and unrealized gain (loss)
 
(1.33)
 
(.09)
 
4.67
 
(1.01)
 
(.15)
  Total from investment operations
 
(1.01)  
 
.28  
 
4.83  
 
(.77)  
 
(.11)
  Distributions from net investment income
 
(.32)
 
(.38)
 
(.17)
 
(.25)
 
(.33)
  Distributions from net realized gain
 
(.81)
 
(1.15)
 
(.88)
 
(.82)
 
(.53)
     Total distributions
 
(1.12) D
 
(1.53)
 
(1.05)
 
(1.06) D
 
(.85) D
  Net asset value, end of period
$
12.60
$
14.73
$
15.98
$
12.20
$
14.03
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.61)%         
 
1.37%         
 
41.01%
 
(6.28)%
 
(.09)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.57%
 
.58%
 
.59%
 
.60% I
 
.60% J
    Expenses net of fee waivers, if any
 
.57%
 
.58%
 
.59%
 
.60% I
 
.60% J
    Expenses net of all reductions
 
.57%
 
.58%
 
.59%
 
.60% I
 
.60% J
    Net investment income (loss)
 
2.59%
 
2.33%
 
1.09%
 
1.69%
 
.65% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
149,008
$
102,337
$
63,499
$
38,041
$
2,948
    Portfolio turnover rate K
 
22%
 
31%
 
29%
 
33%
 
22%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2035 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.90
$
16.02
$
11.46
$
13.58
$
14.65
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.24
 
.30
 
.10
 
.17
 
.20
     Net realized and unrealized gain (loss)
 
(1.35)
 
.07
 
5.39
 
(1.28)
 
.16
  Total from investment operations
 
(1.11)  
 
.37  
 
5.49  
 
(1.11)  
 
.36
  Distributions from net investment income
 
(.24)
 
(.30) C
 
(.12)
 
(.17)
 
(.22)
  Distributions from net realized gain
 
(.93)
 
(1.20) C
 
(.81)
 
(.85)
 
(1.22)
     Total distributions
 
(1.17)
 
(1.49) D
 
(.93)
 
(1.01) D
 
(1.43) D
  Net asset value, end of period
$
12.62
$
14.90
$
16.02
$
11.46
$
13.58
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.18)%         
 
1.95%         
 
49.73%
 
(9.15)%
 
3.19%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.95%
 
.96%
 
.97%
 
.98%
 
.99%
    Expenses net of fee waivers, if any
 
.95%
 
.96%
 
.97%
 
.98%
 
.99%
    Expenses net of all reductions
 
.95%
 
.96%
 
.97%
 
.98%
 
.99%
    Net investment income (loss)
 
1.90%
 
1.87%
 
.69%
 
1.23%
 
1.40%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
929,561
$
1,068,426
$
1,122,730
$
824,792
$
1,026,416
    Portfolio turnover rate I
 
22%
 
27%
 
27%
 
33%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the sales charges.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2035 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.67
$
15.80
$
11.33
$
13.44
$
14.53
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.20
 
.26
 
.06
 
.13
 
.16
     Net realized and unrealized gain (loss)
 
(1.32)
 
.08
 
5.31
 
(1.26)
 
.16
  Total from investment operations
 
(1.12)  
 
.34  
 
5.37  
 
(1.13)  
 
.32
  Distributions from net investment income
 
(.22)
 
(.27) C
 
(.09)
 
(.14)
 
(.19)
  Distributions from net realized gain
 
(.93)
 
(1.20) C
 
(.81)
 
(.84)
 
(1.22)
     Total distributions
 
(1.15)
 
(1.47)
 
(.90)
 
(.98)
 
(1.41)
  Net asset value, end of period
$
12.40
$
14.67
$
15.80
$
11.33
$
13.44
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.40)%         
 
1.73%         
 
49.26%
 
(9.36)%
 
2.89%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.20%
 
1.21%
 
1.22%
 
1.23%
 
1.24%
    Expenses net of fee waivers, if any
 
1.20%
 
1.21%
 
1.22%
 
1.23%
 
1.24%
    Expenses net of all reductions
 
1.20%
 
1.21%
 
1.22%
 
1.23%
 
1.24%
    Net investment income (loss)
 
1.65%
 
1.62%
 
.44%
 
.98%
 
1.15%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
371,257
$
408,691
$
425,013
$
310,544
$
366,074
    Portfolio turnover rate H
 
22%
 
27%
 
27%
 
33%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2035 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.26
$
15.42
$
11.09
$
13.20
$
14.29
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.14
 
.17
 
(.01)
 
.06
 
.09
     Net realized and unrealized gain (loss)
 
(1.29)
 
.07
 
5.20
 
(1.23)
 
.17
  Total from investment operations
 
(1.15)  
 
.24  
 
5.19  
 
(1.17)  
 
.26
  Distributions from net investment income
 
(.18)
 
(.21) C
 
(.05)
 
(.10)
 
(.13)
  Distributions from net realized gain
 
(.93)
 
(1.20) C
 
(.81)
 
(.84)
 
(1.22)
     Total distributions
 
(1.11)
 
(1.40) D
 
(.86)
 
(.94)
 
(1.35)
  Net asset value, end of period
$
12.00
$
14.26
$
15.42
$
11.09
$
13.20
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.86)%         
 
1.18%         
 
48.61%
 
(9.84)%
 
2.39%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.70%
 
1.71%
 
1.72%
 
1.73%
 
1.73% I
    Expenses net of fee waivers, if any
 
1.70%
 
1.71%
 
1.72%
 
1.73%
 
1.73% I
    Expenses net of all reductions
 
1.70%
 
1.71%
 
1.72%
 
1.73%
 
1.73% I
    Net investment income (loss)
 
1.15%
 
1.12%
 
(.06)%
 
.48%
 
.65%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
39,813
$
45,937
$
53,192
$
37,642
$
44,302
    Portfolio turnover rate J
 
22%
 
27%
 
27%
 
33%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Total returns do not include the effect of the contingent deferred sales charge.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2035 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
15.07
$
16.17
$
11.56
$
13.69
$
14.75
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.27
 
.34
 
.13
 
.20
 
.23
     Net realized and unrealized gain (loss)
 
(1.36)
 
.09
 
5.44
 
(1.28)
 
.17
  Total from investment operations
 
(1.09)  
 
.43  
 
5.57  
 
(1.08)  
 
.40
  Distributions from net investment income
 
(.26)
 
(.33) C
 
(.14)
 
(.20)
 
(.25)
  Distributions from net realized gain
 
(.94)
 
(1.20) C
 
(.81)
 
(.85)
 
(1.22)
     Total distributions
 
(1.20)
 
(1.53)
 
(.96) D
 
(1.05)
 
(1.46) D
  Net asset value, end of period
$
12.78
$
15.07
$
16.17
$
11.56
$
13.69
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E
 
(6.94)%         
 
2.25%         
 
49.99%
 
(8.91)%
 
3.47%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.70%
 
.71%
 
.72%
 
.73%
 
.74%
    Expenses net of fee waivers, if any
 
.70%
 
.71%
 
.72%
 
.73%
 
.74%
    Expenses net of all reductions
 
.70%
 
.71%
 
.72%
 
.73%
 
.74%
    Net investment income (loss)
 
2.15%
 
2.12%
 
.94%
 
1.48%
 
1.65%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
901,367
$
1,109,011
$
1,169,461
$
808,586
$
907,369
    Portfolio turnover rate H
 
22%
 
27%
 
27%
 
33%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2035 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.93
$
16.04
$
11.47
$
13.63
$
14.78
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.28
 
.36
 
.15
 
.21
 
.07
     Net realized and unrealized gain (loss)
 
(1.35)
 
.08
 
5.39
 
(1.27)
 
(.32)
  Total from investment operations
 
(1.07)  
 
.44  
 
5.54  
 
(1.06)  
 
(.25)
  Distributions from net investment income
 
(.28)
 
(.35) D
 
(.16)
 
(.22)
 
(.31)
  Distributions from net realized gain
 
(.95)
 
(1.20) D
 
(.81)
 
(.88)
 
(.59)
     Total distributions
 
(1.23)
 
(1.55)
 
(.97)
 
(1.10)
 
(.90)
  Net asset value, end of period
$
12.63
$
14.93
$
16.04
$
11.47
$
13.63
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.87)%         
 
2.35%         
 
50.19%
 
(8.87)%
 
(.96)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.61%
 
.61%
 
.62%
 
.63%
 
.63% I,J
    Expenses net of fee waivers, if any
 
.61%
 
.61%
 
.62%
 
.63%
 
.63% I,J
    Expenses net of all reductions
 
.61%
 
.61%
 
.62%
 
.63%
 
.63% I,J
    Net investment income (loss)
 
2.25%
 
2.22%
 
1.04%
 
1.58%
 
1.01% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
129,100
$
97,458
$
53,381
$
27,968
$
2,821
    Portfolio turnover rate K
 
22%
 
27%
 
27%
 
33%
 
23%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Annualized.
J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2040 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
16.37
$
17.54
$
12.08
$
14.52
$
15.69
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.23
 
.32
 
.09
 
.17
 
.21
     Net realized and unrealized gain (loss)
 
(1.48)
 
.23
 
6.34
 
(1.55)
 
.15
  Total from investment operations
 
(1.25)  
 
.55  
 
6.43  
 
(1.38)  
 
.36
  Distributions from net investment income
 
(.23)
 
(.34)
 
(.11)
 
(.17)
 
(.23)
  Distributions from net realized gain
 
(1.17)
 
(1.38)
 
(.85)
 
(.88)
 
(1.31)
     Total distributions
 
(1.40)
 
(1.72)
 
(.97) C
 
(1.06) C
 
(1.53) C
  Net asset value, end of period
$
13.72
$
16.37
$
17.54
$
12.08
$
14.52
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.31)%         
 
2.74%         
 
55.32%
 
(10.59)%
 
3.04%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Net investment income (loss)
 
1.72%
 
1.82%
 
.61%
 
1.17%
 
1.37%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
850,228
$
963,236
$
1,000,757
$
729,343
$
916,426
    Portfolio turnover rate I
 
22%
 
26%
 
25%
 
31%
 
21%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2040 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
16.22
$
17.40
$
12.00
$
14.44
$
15.62
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.20
 
.27
 
.05
 
.13
 
.17
     Net realized and unrealized gain (loss)
 
(1.48)
 
.23
 
6.29
 
(1.55)
 
.16
  Total from investment operations
 
(1.28)  
 
.50  
 
6.34  
 
(1.42)  
 
.33
  Distributions from net investment income
 
(.21)
 
(.30)
 
(.09)
 
(.15)
 
(.20)
  Distributions from net realized gain
 
(1.16)
 
(1.38)
 
(.85)
 
(.88)
 
(1.31)
     Total distributions
 
(1.36) C
 
(1.68)
 
(.94)
 
(1.02) C
 
(1.51)
  Net asset value, end of period
$
13.58
$
16.22
$
17.40
$
12.00
$
14.44
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.55)%         
 
2.50%         
 
54.96%
 
(10.84)%
 
2.82%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Net investment income (loss)
 
1.47%
 
1.57%
 
.36%
 
.92%
 
1.12%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
343,213
$
386,534
$
402,667
$
286,126
$
356,107
    Portfolio turnover rate H
 
22%
 
26%
 
25%
 
31%
 
21%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2040 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
15.71
$
16.91
$
11.71
$
14.14
$
15.32
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.12
 
.18
 
(.02)
 
.06
 
.09
     Net realized and unrealized gain (loss)
 
(1.42)
 
.22
 
6.11
 
(1.52)
 
.18
  Total from investment operations
 
(1.30)  
 
.40  
 
6.09  
 
(1.46)  
 
.27
  Distributions from net investment income
 
(.16)
 
(.22)
 
(.04)
 
(.09)
 
(.14)
  Distributions from net realized gain
 
(1.15)
 
(1.38)
 
(.85)
 
(.88)
 
(1.31)
     Total distributions
 
(1.31)
 
(1.60)
 
(.89)
 
(.97)
 
(1.45)
  Net asset value, end of period
$
13.10
$
15.71
$
16.91
$
11.71
$
14.14
 
 
 
 
 
 
 
 
 
 
 
 Total Return   C,D
 
(7.98)%         
 
1.98%         
 
54.12%
 
(11.31)%
 
2.37%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% G
    Expenses net of fee waivers, if any
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% G
    Expenses net of all reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% G
    Net investment income (loss)
 
.97%
 
1.07%
 
(.14)%
 
.42%
 
.62%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
36,592
$
42,441
$
56,710
$
41,153
$
53,715
    Portfolio turnover rate H
 
22%
 
26%
 
25%
 
31%
 
21%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Total returns do not include the effect of the contingent deferred sales charge.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2040 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
16.54
$
17.69
$
12.17
$
14.62
$
15.78
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.27
 
.37
 
.13
 
.21
 
.24
     Net realized and unrealized gain (loss)
 
(1.51)
 
.23
 
6.39
 
(1.57)
 
.16
  Total from investment operations
 
(1.24)  
 
.60  
 
6.52  
 
(1.36)  
 
.40
  Distributions from net investment income
 
(.25)
 
(.37)
 
(.14)
 
(.20)
 
(.26)
  Distributions from net realized gain
 
(1.18)
 
(1.38)
 
(.85)
 
(.89)
 
(1.31)
     Total distributions
 
(1.43)
 
(1.75)
 
(1.00) C
 
(1.09)
 
(1.56) C
  Net asset value, end of period
$
13.87
$
16.54
$
17.69
$
12.17
$
14.62
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(7.15)%         
 
3.03%         
 
55.69%
 
(10.35)%
 
3.31%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Net investment income (loss)
 
1.97%
 
2.07%
 
.86%
 
1.42%
 
1.62%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
801,257
$
1,000,722
$
1,045,866
$
705,362
$
805,102
    Portfolio turnover rate G
 
22%
 
26%
 
25%
 
31%
 
21%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2040 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
16.38
$
17.54
$
12.08
$
14.56
$
15.85
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.28
 
.38
 
.15
 
.22
 
.36
     Net realized and unrealized gain (loss)
 
(1.50)
 
.24
 
6.33
 
(1.55)
 
(.69)
  Total from investment operations
 
(1.22)  
 
.62  
 
6.48  
 
(1.33)  
 
(.33)
  Distributions from net investment income
 
(.27)
 
(.40)
 
(.17)
 
(.23)
 
(.33)
  Distributions from net realized gain
 
(1.19)
 
(1.38)
 
(.85)
 
(.91)
 
(.63)
     Total distributions
 
(1.46)
 
(1.78)
 
(1.02)
 
(1.15) D
 
(.96)
  Net asset value, end of period
$
13.70
$
16.38
$
17.54
$
12.08
$
14.56
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.05)%         
 
3.14%         
 
55.80%
 
(10.31)%
 
(1.30)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.64%
 
.65%
 
.65% I,J
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.64%
 
.65%
 
.65% I,J
    Expenses net of all reductions
 
.64%
 
.64%
 
.64%
 
.65%
 
.65% I,J
    Net investment income (loss)
 
2.07%
 
2.17%
 
.97%
 
1.52%
 
5.06% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
109,386
$
80,498
$
43,822
$
20,000
$
1,501
    Portfolio turnover rate K
 
22%
 
26%
 
25%
 
31%
 
21%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Annualized.
J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2045 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.91
$
13.79
$
9.43
$
11.33
$
12.21
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.18
 
.25
 
.07
 
.13
 
.16
     Net realized and unrealized gain (loss)
 
(1.17)
 
.18
 
4.97
 
(1.22)
 
.13
  Total from investment operations
 
(.99)  
 
.43  
 
5.04  
 
(1.09)  
 
.29
  Distributions from net investment income
 
(.18)
 
(.27)
 
(.10)
 
(.14)
 
(.18)
  Distributions from net realized gain
 
(.91)
 
(1.05)
 
(.59)
 
(.67)
 
(.99)
     Total distributions
 
(1.09)
 
(1.31) C
 
(.68) C
 
(.81)
 
(1.17)
  Net asset value, end of period
$
10.83
$
12.91
$
13.79
$
9.43
$
11.33
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.29)%         
 
2.77%         
 
55.40%
 
(10.68)%
 
3.13%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Net investment income (loss)
 
1.70%
 
1.82%
 
.62%
 
1.19%
 
1.38%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
530,585
$
604,140
$
643,283
$
456,849
$
547,563
    Portfolio turnover rate I
 
22%
 
27%
 
25%
 
30%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2045 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.73
$
13.62
$
9.34
$
11.22
$
12.12
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.15
 
.22
 
.04
 
.10
 
.13
     Net realized and unrealized gain (loss)
 
(1.15)
 
.18
 
4.90
 
(1.20)
 
.12
  Total from investment operations
 
(1.00)  
 
.40  
 
4.94  
 
(1.10)  
 
.25
  Distributions from net investment income
 
(.16)
 
(.24)
 
(.08)
 
(.12)
 
(.16)
  Distributions from net realized gain
 
(.90)
 
(1.05)
 
(.59)
 
(.67)
 
(.99)
     Total distributions
 
(1.07) C
 
(1.29)
 
(.66) C
 
(.78) C
 
(1.15)
  Net asset value, end of period
$
10.66
$
12.73
$
13.62
$
9.34
$
11.22
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.56)%         
 
2.54%         
 
54.84%
 
(10.80)%
 
2.79%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.24% H
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.24% H
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.24% H
    Net investment income (loss)
 
1.45%
 
1.57%
 
.36%
 
.94%
 
1.13%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
225,283
$
250,719
$
258,276
$
181,179
$
210,625
    Portfolio turnover rate I
 
22%
 
27%
 
25%
 
30%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2045 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.44
$
13.36
$
9.18
$
11.07
$
11.98
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.10
 
.14
 
(.02)
 
.05
 
.07
     Net realized and unrealized gain (loss)
 
(1.13)
 
.17
 
4.83
 
(1.20)
 
.13
  Total from investment operations
 
(1.03)  
 
.31  
 
4.81  
 
(1.15)  
 
.20
  Distributions from net investment income
 
(.12)
 
(.19)
 
(.04)
 
(.08)
 
(.12)
  Distributions from net realized gain
 
(.90)
 
(1.05)
 
(.59)
 
(.67)
 
(.99)
     Total distributions
 
(1.02)
 
(1.23) C
 
(.63)
 
(.74) C
 
(1.11)
  Net asset value, end of period
$
10.39
$
12.44
$
13.36
$
9.18
$
11.07
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(8.00)%         
 
1.96%         
 
54.24%
 
(11.32)%
 
2.29%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.74% H
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of fee waivers, if any
 
1.74% H
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of all reductions
 
1.74% H
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Net investment income (loss)
 
.95%
 
1.07%
 
(.14)%
 
.44%
 
.63%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
24,500
$
28,993
$
33,637
$
22,256
$
25,383
    Portfolio turnover rate I
 
22%
 
27%
 
25%
 
30%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2045 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.04
$
13.91
$
9.50
$
11.41
$
12.29
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.21
 
.29
 
.10
 
.16
 
.19
     Net realized and unrealized gain (loss)
 
(1.18)
 
.18
 
5.02
 
(1.23)
 
.13
  Total from investment operations
 
(.97)  
 
.47  
 
5.12  
 
(1.07)  
 
.32
  Distributions from net investment income
 
(.20)
 
(.29)
 
(.12)
 
(.16)
 
(.20)
  Distributions from net realized gain
 
(.92)
 
(1.05)
 
(.59)
 
(.68)
 
(.99)
     Total distributions
 
(1.12)
 
(1.34)
 
(.71)
 
(.84)
 
(1.20) C
  Net asset value, end of period
$
10.95
$
13.04
$
13.91
$
9.50
$
11.41
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(7.09)%         
 
3.02%         
 
55.77%
 
(10.46)%
 
3.34%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Net investment income (loss)
 
1.95%
 
2.07%
 
.87%
 
1.44%
 
1.63%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
622,744
$
752,617
$
777,429
$
522,314
$
577,252
    Portfolio turnover rate G
 
22%
 
27%
 
25%
 
30%
 
22%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2045 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.91
$
13.79
$
9.43
$
11.35
$
12.36
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.22
 
.30
 
.12
 
.17
 
.20
     Net realized and unrealized gain (loss)
 
(1.17)
 
.18
 
4.96
 
(1.22)
 
(.46)
  Total from investment operations
 
(.95)  
 
.48  
 
5.08  
 
(1.05)  
 
(.26)
  Distributions from net investment income
 
(.22)
 
(.31)
 
(.14)
 
(.18)
 
(.26)
  Distributions from net realized gain
 
(.98)
 
(1.05)
 
(.59)
 
(.69)
 
(.49)
     Total distributions
 
(1.20)
 
(1.36)
 
(.72) D
 
(.87)
 
(.75)
  Net asset value, end of period
$
10.76
$
12.91
$
13.79
$
9.43
$
11.35
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.96)%         
 
3.12%         
 
55.85%
 
(10.33)%
 
(1.33)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.64%
 
.65% I
 
.64% J
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.64%
 
.65% I
 
.64% J
    Expenses net of all reductions
 
.64%
 
.64%
 
.64%
 
.65% I
 
.64% J
    Net investment income (loss)
 
2.06%
 
2.18%
 
.97%
 
1.54%
 
3.71% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
83,488
$
65,648
$
35,350
$
16,800
$
1,376
    Portfolio turnover rate K
 
22%
 
27%
 
25%
 
30%
 
22%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2050 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.92
$
13.78
$
9.43
$
11.31
$
12.17
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.18
 
.25
 
.07
 
.13
 
.16
     Net realized and unrealized gain (loss)
 
(1.16)
 
.18
 
4.96
 
(1.21)
 
.13
  Total from investment operations
 
(.98)  
 
.43  
 
5.03  
 
(1.08)  
 
.29
  Distributions from net investment income
 
(.18)
 
(.27)
 
(.10)
 
(.14)
 
(.18)
  Distributions from net realized gain
 
(.90)
 
(1.02)
 
(.58)
 
(.66)
 
(.97)
     Total distributions
 
(1.08)
 
(1.29)
 
(.68)
 
(.80)
 
(1.15)
  Net asset value, end of period
$
10.86
$
12.92
$
13.78
$
9.43
$
11.31
 
 
 
 
 
 
 
 
 
 
 
 Total Return   C,D
 
(7.27)%         
 
2.76%         
 
55.26%
 
(10.58)%
 
3.08%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% G
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% G
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% G
    Net investment income (loss)
 
1.72%
 
1.83%
 
.62%
 
1.20%
 
1.38%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
461,666
$
500,298
$
516,427
$
358,407
$
417,583
    Portfolio turnover rate H
 
21%
 
26%
 
24%
 
32%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Total returns do not include the effect of the sales charges.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2050 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.79
$
13.66
$
9.36
$
11.24
$
12.11
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.15
 
.22
 
.04
 
.11
 
.13
     Net realized and unrealized gain (loss)
 
(1.15)
 
.18
 
4.92
 
(1.22)
 
.13
  Total from investment operations
 
(1.00)  
 
.40  
 
4.96  
 
(1.11)  
 
.26
  Distributions from net investment income
 
(.16)
 
(.24)
 
(.08)
 
(.11)
 
(.16)
  Distributions from net realized gain
 
(.89)
 
(1.02)
 
(.58)
 
(.65)
 
(.97)
     Total distributions
 
(1.05)
 
(1.27) C
 
(.66)
 
(.77) C
 
(1.13)
  Net asset value, end of period
$
10.74
$
12.79
$
13.66
$
9.36
$
11.24
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.50)%         
 
2.51%         
 
54.91%
 
(10.88)%
 
2.83%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Net investment income (loss)
 
1.47%
 
1.58%
 
.37%
 
.95%
 
1.13%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
184,687
$
201,272
$
205,281
$
143,526
$
172,974
    Portfolio turnover rate H
 
21%
 
26%
 
24%
 
32%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2050 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.52
$
13.41
$
9.22
$
11.10
$
11.98
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.10
 
.15
 
(.01)
 
.05
 
.07
     Net realized and unrealized gain (loss)
 
(1.13)
 
.17
 
4.82
 
(1.20)
 
.14
  Total from investment operations
 
(1.03)  
 
.32  
 
4.81  
 
(1.15)  
 
.21
  Distributions from net investment income
 
(.12)
 
(.19)
 
(.04)
 
(.07)
 
(.11)
  Distributions from net realized gain
 
(.89)
 
(1.02)
 
(.58)
 
(.65)
 
(.97)
     Total distributions
 
(1.01)
 
(1.21)
 
(.62)
 
(.73) C
 
(1.09) C
  Net asset value, end of period
$
10.48
$
12.52
$
13.41
$
9.22
$
11.10
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.95)%         
 
2.01%         
 
54.09%
 
(11.32)%
 
2.34%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of fee waivers, if any
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of all reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Net investment income (loss)
 
.96%
 
1.08%
 
(.13)%
 
.45%
 
.63%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
25,587
$
29,875
$
33,105
$
21,457
$
26,139
    Portfolio turnover rate I
 
21%
 
26%
 
24%
 
32%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2050 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.05
$
13.90
$
9.50
$
11.39
$
12.25
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.21
 
.29
 
.11
 
.16
 
.19
     Net realized and unrealized gain (loss)
 
(1.18)
 
.18
 
4.99
 
(1.22)
 
.12
  Total from investment operations
 
(.97)  
 
.47  
 
5.10  
 
(1.06)  
 
.31
  Distributions from net investment income
 
(.20)
 
(.30)
 
(.12)
 
(.16)
 
(.20)
  Distributions from net realized gain
 
(.90)
 
(1.02)
 
(.58)
 
(.67)
 
(.97)
     Total distributions
 
(1.10)
 
(1.32)
 
(.70)
 
(.83)
 
(1.17)
  Net asset value, end of period
$
10.98
$
13.05
$
13.90
$
9.50
$
11.39
 
 
 
 
 
 
 
 
 
 
 
 Total Return   C
 
(7.07)%         
 
3.01%         
 
55.65%
 
(10.37)%
 
3.30%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,D,E
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Net investment income (loss)
 
1.97%
 
2.08%
 
.87%
 
1.45%
 
1.63%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
552,808
$
662,945
$
675,617
$
436,294
$
488,167
    Portfolio turnover rate F
 
21%
 
26%
 
24%
 
32%
 
23%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2050 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.94
$
13.80
$
9.43
$
11.34
$
12.34
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.22
 
.30
 
.12
 
.17
 
.28
     Net realized and unrealized gain (loss)
 
(1.17)
 
.18
 
4.97
 
(1.22)
 
(.54)
  Total from investment operations
 
(.95)  
 
.48  
 
5.09  
 
(1.05)  
 
(.26)
  Distributions from net investment income
 
(.21)
 
(.32)
 
(.14)
 
(.18)
 
(.25)
  Distributions from net realized gain
 
(.91)
 
(1.02)
 
(.58)
 
(.68)
 
(.49)
     Total distributions
 
(1.12)
 
(1.34)
 
(.72)
 
(.86)
 
(.74)
  Net asset value, end of period
$
10.87
$
12.94
$
13.80
$
9.43
$
11.34
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,D,E
 
(6.93)%         
 
3.10%         
 
55.96%
 
(10.33)%
 
(1.34)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.64%
 
.65% H
 
.65% H,I
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.64%
 
.65% H
 
.65% H,I
    Expenses net of all reductions
 
.64%
 
.64%
 
.64%
 
.65% H
 
.65% H,I
    Net investment income (loss)
 
2.07%
 
2.18%
 
.98%
 
1.55%
 
5.18% I
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
67,385
$
49,713
$
26,670
$
11,414
$
650
    Portfolio turnover rate J
 
21%
 
26%
 
24%
 
32%
 
23%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Total returns for periods of less than one year are not annualized.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Annualized.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2055 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.52
$
15.45
$
10.53
$
12.58
$
13.37
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.21
 
.29
 
.08
 
.15
 
.18
     Net realized and unrealized gain (loss)
 
(1.32)
 
.19
 
5.55
 
(1.36)
 
.15
  Total from investment operations
 
(1.11)  
 
.48  
 
5.63  
 
(1.21)  
 
.33
  Distributions from net investment income
 
(.21)
 
(.30)
 
(.11)
 
(.15)
 
(.19)
  Distributions from net realized gain
 
(1.00)
 
(1.12)
 
(.59)
 
(.69)
 
(.93)
     Total distributions
 
(1.21)
 
(1.41) C
 
(.71) C
 
(.84)
 
(1.12)
  Net asset value, end of period
$
12.20
$
14.52
$
15.45
$
10.53
$
12.58
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.32)%         
 
2.75%         
 
55.31%
 
(10.57)%
 
3.08%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
.99% H
    Net investment income (loss)
 
1.73%
 
1.83%
 
.63%
 
1.23%
 
1.41%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
271,691
$
286,778
$
299,927
$
196,016
$
212,428
    Portfolio turnover rate I
 
21%
 
28%
 
23%
 
35%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2055 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.38
$
15.32
$
10.46
$
12.51
$
13.31
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.18
 
.24
 
.05
 
.12
 
.15
     Net realized and unrealized gain (loss)
 
(1.31)
 
.20
 
5.50
 
(1.36)
 
.15
  Total from investment operations
 
(1.13)  
 
.44  
 
5.55  
 
(1.24)  
 
.30
  Distributions from net investment income
 
(.19)
 
(.27)
 
(.09)
 
(.13)
 
(.18)
  Distributions from net realized gain
 
(1.00)
 
(1.12)
 
(.59)
 
(.68)
 
(.93)
     Total distributions
 
(1.18) C
 
(1.38) C
 
(.69) C
 
(.81)
 
(1.10) C
  Net asset value, end of period
$
12.07
$
14.38
$
15.32
$
10.46
$
12.51
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.52)%         
 
2.52%         
 
54.88%
 
(10.83)%
 
2.86%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Net investment income (loss)
 
1.48%
 
1.58%
 
.38%
 
.98%
 
1.16%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
111,886
$
117,059
$
115,869
$
74,904
$
83,858
    Portfolio turnover rate H
 
21%
 
28%
 
23%
 
35%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2055 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.20
$
15.16
$
10.38
$
12.44
$
13.26
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.11
 
.17
 
(.02)
 
.06
 
.08
     Net realized and unrealized gain (loss)
 
(1.29)
 
.19
 
5.44
 
(1.36)
 
.16
  Total from investment operations
 
(1.18)  
 
.36  
 
5.42  
 
(1.30)  
 
.24
  Distributions from net investment income
 
(.15)
 
(.21)
 
(.05)
 
(.09)
 
(.13)
  Distributions from net realized gain
 
(1.00)
 
(1.12)
 
(.59)
 
(.68)
 
(.93)
     Total distributions
 
(1.14) C
 
(1.32) C
 
(.64)
 
(.76) C
 
(1.06)
  Net asset value, end of period
$
11.88
$
14.20
$
15.16
$
10.38
$
12.44
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(8.01)%         
 
2.03%         
 
54.07%
 
(11.29)%
 
2.32%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of fee waivers, if any
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Expenses net of all reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.74% H
    Net investment income (loss)
 
.98%
 
1.08%
 
(.12)%
 
.48%
 
.66%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
15,374
$
15,942
$
16,677
$
9,928
$
10,991
    Portfolio turnover rate I
 
21%
 
28%
 
23%
 
35%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2055 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.61
$
15.53
$
10.57
$
12.64
$
13.43
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.24
 
.33
 
.12
 
.19
 
.21
     Net realized and unrealized gain (loss)
 
(1.32)
 
.19
 
5.57
 
(1.39)
 
.15
  Total from investment operations
 
(1.08)  
 
.52  
 
5.69  
 
(1.20)  
 
.36
  Distributions from net investment income
 
(.23)
 
(.33)
 
(.14)
 
(.18)
 
(.22)
  Distributions from net realized gain
 
(1.01)
 
(1.12)
 
(.59)
 
(.70)
 
(.93)
     Total distributions
 
(1.23) C
 
(1.44) C
 
(.73)
 
(.87) C
 
(1.15)
  Net asset value, end of period
$
12.30
$
14.61
$
15.53
$
10.57
$
12.64
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D
 
(6.99)%         
 
3.00%         
 
55.72%
 
(10.45)%
 
3.34%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Net investment income (loss)
 
1.98%
 
2.08%
 
.88%
 
1.48%
 
1.66%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
371,979
$
428,209
$
432,057
$
273,147
$
308,366
    Portfolio turnover rate G
 
21%
 
28%
 
23%
 
35%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2055 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
14.47
$
15.40
$
10.50
$
12.58
$
13.57
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B
 
.25
 
.34
 
.13
 
.20
 
.38
     Net realized and unrealized gain (loss)
 
(1.30)
 
.20
 
5.53
 
(1.36)
 
(.65)
  Total from investment operations
 
(1.05)  
 
.54  
 
5.66  
 
(1.16)  
 
(.27)
  Distributions from net investment income
 
(.24)
 
(.35)
 
(.17)
 
(.20)
 
(.28)
  Distributions from net realized gain
 
(1.02)
 
(1.12)
 
(.59)
 
(.71)
 
(.43)
     Total distributions
 
(1.26)
 
(1.47)
 
(.76)
 
(.92) C
 
(.72) C
  Net asset value, end of period
$
12.16
$
14.47
$
15.40
$
10.50
$
12.58
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.88)%         
 
3.10%         
 
55.82%
 
(10.28)%
 
(1.35)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.64%
 
.65% I
 
.65% I,J
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.64%
 
.65% I
 
.65% I,J
    Expenses net of all reductions
 
.64%
 
.64%
 
.64%
 
.65% I
 
.65% I,J
    Net investment income (loss)
 
2.08%
 
2.19%
 
.99%
 
1.58%
 
6.29% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
42,946
$
31,712
$
16,623
$
5,767
$
428
    Portfolio turnover rate K
 
21%
 
28%
 
23%
 
35%
 
27%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Total distributions per share do not sum due to rounding.
D Calculated based on average shares outstanding during the period.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2060 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.26
$
14.01
$
9.49
$
11.31
$
11.86
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.19
 
.27
 
.08
 
.14
 
.17
     Net realized and unrealized gain (loss)
 
(1.19)
 
.16
 
5.01
 
(1.24)
 
.13
  Total from investment operations
 
(1.00)  
 
.43  
 
5.09  
 
(1.10)  
 
.30
  Distributions from net investment income
 
(.20)
 
(.25) C
 
(.11)
 
(.14)
 
(.17)
  Distributions from net realized gain
 
(.87)
 
(.93) C
 
(.46)
 
(.58)
 
(.68)
     Total distributions
 
(1.07)
 
(1.18)
 
(.57)
 
(.72)
 
(.85)
  Net asset value, end of period
$
11.19
$
13.26
$
14.01
$
9.49
$
11.31
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.24)%         
 
2.74%         
 
55.28%
 
(10.65)%
 
3.09%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
1.00%
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
1.00%
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.00%
 
1.00%
    Net investment income (loss)
 
1.75%
 
1.87%
 
.65%
 
1.25%
 
1.48%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
127,737
$
119,726
$
113,936
$
65,792
$
55,732
    Portfolio turnover rate H
 
21%
 
28%
 
24%
 
31%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2060 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.21
$
13.97
$
9.47
$
11.29
$
11.85
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.16
 
.23
 
.05
 
.11
 
.14
     Net realized and unrealized gain (loss)
 
(1.19)
 
.17
 
5.00
 
(1.23)
 
.14
  Total from investment operations
 
(1.03)  
 
.40  
 
5.05  
 
(1.12)  
 
.28
  Distributions from net investment income
 
(.18)
 
(.23) C
 
(.09)
 
(.12)
 
(.16)
  Distributions from net realized gain
 
(.87)
 
(.93) C
 
(.46)
 
(.58)
 
(.68)
     Total distributions
 
(1.05)
 
(1.16)
 
(.55)
 
(.70)
 
(.84)
  Net asset value, end of period
$
11.13
$
13.21
$
13.97
$
9.47
$
11.29
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.50)%         
 
2.50%         
 
55.00%
 
(10.87)%
 
2.82%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25%
 
1.25%
    Net investment income (loss)
 
1.50%
 
1.62%
 
.40%
 
1.00%
 
1.23%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
52,251
$
48,458
$
41,642
$
21,680
$
19,070
    Portfolio turnover rate H
 
21%
 
28%
 
24%
 
31%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the sales charges.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2060 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.13
$
13.92
$
9.46
$
11.29
$
11.87
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.11
 
.16
 
(.01)
 
.06
 
.08
     Net realized and unrealized gain (loss)
 
(1.19)
 
.16
 
4.98
 
(1.24)
 
.14
  Total from investment operations
 
(1.08)  
 
.32  
 
4.97  
 
(1.18)  
 
.22
  Distributions from net investment income
 
(.14)
 
(.18) C
 
(.05)
 
(.08)
 
(.12)
  Distributions from net realized gain
 
(.87)
 
(.93) C
 
(.46)
 
(.57)
 
(.68)
     Total distributions
 
(1.01)
 
(1.11)
 
(.51)
 
(.65)
 
(.80)
  Net asset value, end of period
$
11.04
$
13.13
$
13.92
$
9.46
$
11.29
 
 
 
 
 
 
 
 
 
 
 
 Total Return   D,E
 
(7.96)%         
 
1.94%         
 
54.14%
 
(11.27)%
 
2.33%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.75%
    Expenses net of fee waivers, if any
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.75%
    Expenses net of all reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75%
 
1.75%
    Net investment income (loss)
 
1.00%
 
1.12%
 
(.10)%
 
.50%
 
.72%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
8,650
$
8,195
$
6,948
$
4,022
$
3,723
    Portfolio turnover rate H
 
21%
 
28%
 
24%
 
31%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Total returns do not include the effect of the contingent deferred sales charge.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2060 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.34
$
14.09
$
9.54
$
11.36
$
11.90
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.22
 
.30
 
.11
 
.17
 
.20
     Net realized and unrealized gain (loss)
 
(1.21)
 
.17
 
5.03
 
(1.24)
 
.13
  Total from investment operations
 
(.99)  
 
.47  
 
5.14  
 
(1.07)  
 
.33
  Distributions from net investment income
 
(.22)
 
(.28) C
 
(.13)
 
(.16)
 
(.20)
  Distributions from net realized gain
 
(.87)
 
(.94) C
 
(.47)
 
(.59)
 
(.68)
     Total distributions
 
(1.08) D
 
(1.22)
 
(.59) D
 
(.75)
 
(.87) D
  Net asset value, end of period
$
11.27
$
13.34
$
14.09
$
9.54
$
11.36
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E
 
(7.05)%         
 
3.01%         
 
55.62%
 
(10.38)%
 
3.38%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,F,G
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75%
 
.75%
    Net investment income (loss)
 
2.00%
 
2.12%
 
.90%
 
1.50%
 
1.73%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
170,160
$
177,481
$
160,415
$
87,182
$
68,445
    Portfolio turnover rate H
 
21%
 
28%
 
24%
 
31%
 
27%
A Calculated based on average shares outstanding during the period.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
D Total distributions per share do not sum due to rounding.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2060 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020
 
    2019 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
13.23
$
14.00
$
9.49
$
11.32
$
12.10
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.23
 
.31
 
.12
 
.18
 
.23
     Net realized and unrealized gain (loss)
 
(1.19)
 
.17
 
5.02
 
(1.23)
 
(.46)
  Total from investment operations
 
(.96)  
 
.48  
 
5.14  
 
(1.05)  
 
(.23)
  Distributions from net investment income
 
(.23)
 
(.31) D
 
(.16)
 
(.18)
 
(.24)
  Distributions from net realized gain
 
(.87)
 
(.94) D
 
(.47)
 
(.60)
 
(.31)
     Total distributions
 
(1.10)
 
(1.25)
 
(.63)
 
(.78)
 
(.55)
  Net asset value, end of period
$
11.17
$
13.23
$
14.00
$
9.49
$
11.32
 
 
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(6.91)%         
 
3.06%         
 
55.88%
 
(10.32)%
 
(1.34)%
 
 
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.65%
 
.65% I
 
.64% I,J
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.65%
 
.65% I
 
.64% I,J
    Expenses net of all reductions
 
.64%
 
.64%
 
.65%
 
.65% I
 
.64% I,J
    Net investment income (loss)
 
2.10%
 
2.22%
 
1.00%
 
1.60%
 
4.28% J
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
23,813
$
14,296
$
5,790
$
1,514
$
284
    Portfolio turnover rate K
 
21%
 
28%
 
24%
 
31%
 
27%
A For the period October 2, 2018 (commencement of sale of shares) through March 31, 2019.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2065 Fund Class A
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.30
$
12.77
$
8.47
$
10.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.19
 
.25
 
.08
 
.12
     Net realized and unrealized gain (loss)
 
(1.11)
 
.14 D
 
4.53
 
(1.48)
  Total from investment operations
 
(.92)  
 
.39  
 
4.61  
 
(1.36)  
  Distributions from net investment income
 
(.18)
 
(.24)
 
(.10)
 
(.13)
  Distributions from net realized gain
 
(.67)
 
(.62)
 
(.21)
 
(.04)
     Total distributions
 
(.85)
 
(.86)
 
(.31)
 
(.17)
  Net asset value, end of period
$
10.53
$
12.30
$
12.77
$
8.47
 
 
 
 
 
 
 
 
 
 Total Return   E,F
 
(7.18)%         
 
2.75%         
 
55.16%
 
(13.92)%
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,G,H
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.00%
 
1.00%
 
1.00%
 
1.01% I,J
    Expenses net of fee waivers, if any
 
1.00%
 
1.00%
 
1.00%
 
1.01% I,J
    Expenses net of all reductions
 
1.00%
 
1.00%
 
1.00%
 
1.01% I,J
    Net investment income (loss)
 
1.84%
 
1.94%
 
.71%
 
1.60% I
 Supplemental Data
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
27,360
$
18,134
$
9,613
$
1,980
    Portfolio turnover rate K
 
31%
 
29%
 
31%
 
33% I
A For the period June 28, 2019 (commencement of operations) through March 31, 2020.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
E Total returns for periods of less than one year are not annualized.
F Total returns do not include the effect of the sales charges.
G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
I Annualized.
J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2065 Fund Class M
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.27
$
12.76
$
8.47
$
10.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.16
 
.22
 
.05
 
.10
     Net realized and unrealized gain (loss)
 
(1.10)
 
.14 D
 
4.53
 
(1.47)
  Total from investment operations
 
(.94)  
 
.36  
 
4.58  
 
(1.37)  
  Distributions from net investment income
 
(.17)
 
(.24)
 
(.08)
 
(.11)
  Distributions from net realized gain
 
(.66)
 
(.61)
 
(.20)
 
(.04)
     Total distributions
 
(.83)
 
(.85)
 
(.29) E
 
(.16) E
  Net asset value, end of period
$
10.50
$
12.27
$
12.76
$
8.47
 
 
 
 
 
 
 
 
 
 Total Return   F,G
 
(7.40)%         
 
2.47%         
 
54.73%
 
(14.05)%
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,H,I
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25% J
    Expenses net of fee waivers, if any
 
1.25%
 
1.25%
 
1.25%
 
1.25% J
    Expenses net of all reductions
 
1.25%
 
1.25%
 
1.25%
 
1.25% J
    Net investment income (loss)
 
1.59%
 
1.69%
 
.46%
 
1.35% J
 Supplemental Data
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
7,540
$
4,402
$
1,230
$
332
    Portfolio turnover rate K
 
31%
 
29%
 
31%
 
33% J
A For the period June 28, 2019 (commencement of operations) through March 31, 2020.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
E Total distributions per share do not sum due to rounding.
F Total returns for periods of less than one year are not annualized.
G Total returns do not include the effect of the sales charges.
H Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2065 Fund Class C
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.24
$
12.73
$
8.46
$
10.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.11
 
.15
 
- D
 
.06
     Net realized and unrealized gain (loss)
 
(1.10)
 
.14 E
 
4.51
 
(1.47)
  Total from investment operations
 
(.99)  
 
.29  
 
4.51  
 
(1.41)  
  Distributions from net investment income
 
(.13)
 
(.18)
 
(.04)
 
(.09)
  Distributions from net realized gain
 
(.65)
 
(.60)
 
(.20)
 
(.04)
     Total distributions
 
(.79) F
 
(.78)
 
(.24)
 
(.13)
  Net asset value, end of period
$
10.46
$
12.24
$
12.73
$
8.46
 
 
 
 
 
 
 
 
 
 Total Return   G,H
 
(7.88)%         
 
2.00%         
 
53.95%
 
(14.38)%
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,I,J
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75% K
    Expenses net of fee waivers, if any
 
1.75%
 
1.75%
 
1.75%
 
1.75% K
    Expenses net of all reductions
 
1.75%
 
1.75%
 
1.75%
 
1.75% K
    Net investment income (loss)
 
1.09%
 
1.19%
 
(.04)%
 
.86% K
 Supplemental Data
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
1,110
$
774
$
434
$
183
    Portfolio turnover rate L
 
31%
 
29%
 
31%
 
33% K
A For the period June 28, 2019 (commencement of operations) through March 31, 2020.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D Amount represents less than $.005 per share.
E The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
F Total distributions per share do not sum due to rounding.
G Total returns for periods of less than one year are not annualized.
H Total returns do not include the effect of the contingent deferred sales charge.
I Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
J Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
K Annualized.
L Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2065 Fund Class I
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.34
$
12.81
$
8.48
$
10.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.22
 
.29
 
.11
 
.14
     Net realized and unrealized gain (loss)
 
(1.12)
 
.13 D
 
4.55
 
(1.48)
  Total from investment operations
 
(.90)  
 
.42  
 
4.66  
 
(1.34)  
  Distributions from net investment income
 
(.20)
 
(.26)
 
(.12)
 
(.14)
  Distributions from net realized gain
 
(.67)
 
(.63)
 
(.21)
 
(.04)
     Total distributions
 
(.87)
 
(.89)
 
(.33)
 
(.18)
  Net asset value, end of period
$
10.57
$
12.34
$
12.81
$
8.48
 
 
 
 
 
 
 
 
 
 Total Return   E
 
(6.99)%         
 
2.94%         
 
55.68%
 
(13.78)%
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets C,F,G
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.75%
 
.75%
 
.75%
 
.75% H
    Expenses net of fee waivers, if any
 
.75%
 
.75%
 
.75%
 
.75% H
    Expenses net of all reductions
 
.75%
 
.75%
 
.75%
 
.75% H
    Net investment income (loss)
 
2.09%
 
2.19%
 
.96%
 
1.85% H
 Supplemental Data
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
31,530
$
21,524
$
11,782
$
2,383
    Portfolio turnover rate I
 
31%
 
29%
 
31%
 
33% H
A For the period June 28, 2019 (commencement of operations) through March 31, 2020.
B Calculated based on average shares outstanding during the period.
C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
E Total returns for periods of less than one year are not annualized.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Annualized.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Fidelity Advisor Freedom® 2065 Fund Class Z
Years ended March 31,
 
     2023  
 
    2022  
 
    2021  
 
    2020 A
  Selected Per-Share Data  
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.37
$
12.84
$
8.49
$
10.00
  Income from Investment Operations
 
 
 
 
 
 
 
 
     Net investment income (loss) B,C
 
.23
 
.30
 
.12
 
.15
     Net realized and unrealized gain (loss)
 
(1.12)
 
.13 D
 
4.56
 
(1.48)
  Total from investment operations
 
(.89)  
 
.43  
 
4.68  
 
(1.33)  
  Distributions from net investment income
 
(.21)
 
(.28)
 
(.12)
 
(.14)
  Distributions from net realized gain
 
(.68)
 
(.62)
 
(.20)
 
(.04)
     Total distributions
 
(.89)
 
(.90)
 
(.33) E
 
(.18)
  Net asset value, end of period
$
10.59
$
12.37
$
12.84
$
8.49
 
 
 
 
 
 
 
 
 
 Total Return   F
 
(6.89)%         
 
3.02%         
 
55.80%
 
(13.68)%
 
 
 
 
 
 
 
 
 
 Ratios to Average Net Assets B,G,H
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.64%
 
.64%
 
.65% I
 
.64% J
    Expenses net of fee waivers, if any
 
.64%
 
.64%
 
.65% I
 
.64% J
    Expenses net of all reductions
 
.64%
 
.64%
 
.65% I
 
.64% J
    Net investment income (loss)
 
2.19%
 
2.29%
 
1.07%
 
1.96% J
 Supplemental Data
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
4,912
$
1,893
$
535
$
176
    Portfolio turnover rate K
 
31%
 
29%
 
31%
 
33% J
A For the period June 28, 2019 (commencement of operations) through March 31, 2020.
B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
C Calculated based on average shares outstanding during the period.
D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
E Total distributions per share do not sum due to rounding.
F Total returns for periods of less than one year are not annualized.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.
I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.
J Annualized.
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
Additional Index Information
Bloomberg U.S. Aggregate Bond Index is a broad-based, flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-back securities (agency fixed-rate pass-throughs), asset-backed securities and collateralised mortgage-backed securities (agency and non-agency).
Each of Fidelity Freedom Income Composite Index ℠ , Fidelity Freedom 2005 Composite Index ℠ , Fidelity Freedom 2010 Composite Index ℠ , Fidelity Freedom 2015 Composite Index ℠ , Fidelity Freedom 2020 Composite Index ℠ , Fidelity Freedom 2025 Composite Index ℠ , Fidelity Freedom 2030 Composite Index ℠ , Fidelity Freedom 2035 Composite Index ℠ , Fidelity Freedom 2040 Composite Index ℠ , Fidelity Freedom 2045 Composite Index ℠ , Fidelity Freedom 2050 Composite Index ℠ , Fidelity Freedom 2055 Composite Index ℠ , Fidelity Freedom 2060 Composite Index ℠ , and Fidelity Freedom 2065 Composite Index ℠   is a customized blend of the following unmanaged indexes: Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD),Bloomberg U.S. 3-6 Month Treasury Bill Index, Bloomberg U.S. Long Treasury Bond Index, Bloomberg U.S. Aggregate Bond Index, Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index, Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 5+ Years Index, Dow Jones U.S. Total Stock Market Index ℠ , and MSCI All Country World ex U.S. Index (Net MA). The index weightings are adjusted monthly to reflect each fund's changing asset allocations. The compositions differed in periods prior to September 1, 2021.
S&P 500 ® Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Sales Charge Waiver Policies Applied by Certain Intermediaries
Ameriprise
The following information applies to Class A shares purchases if you have an account with or otherwise purchase fund shares through Ameriprise Financial:
Shareholders purchasing fund shares through an Ameriprise Financial brokerage account are eligible for the following front-end sales charge waivers and discounts, which may differ from those disclosed elsewhere in this prospectus or SAI.
Class A Shares Front-End Sales Charge Waivers Available at Ameriprise Financial:
D.A. Davidson & Co. (D.A. Davidson)
Shareholders purchasing fund shares including existing fund shareholders through a D.A. Davidson platform or account, or through an introducing broker-dealer or independent registered investment advisor for which D.A. Davidson provides trade execution, clearance, and/or custody services, will be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or a fund's SAI.
Front-End Sales Charge Waivers on Class A Shares available at D.A. Davidson
CDSC Waivers on Class A and Class C Shares available at D.A. Davidson
Front-end sales charge discounts available at D.A. Davidson: breakpoints, rights of accumulation and/or letters of intent
Edward D. Jones & Co., L.P. ("Edward Jones")
Policies Regarding Transactions Through Edward Jones
The following information has been provided by Edward Jones:
The following information supersedes prior information with respect to transactions and positions held in fund shares through an Edward Jones system. Clients of Edward Jones (also referred to as "shareholders") purchasing fund shares on the Edward Jones commission and fee-based platforms are eligible only for the following sales charge discounts (also referred to as "breakpoints") and waivers, which can differ from discounts and waivers described elsewhere in the mutual fund prospectus or SAI or through another broker-dealer. In all instances, it is the shareholder's responsibility to inform Edward Jones at the time of purchase of any relationship, holdings of the fund family, or other facts qualifying the purchaser for discounts or waivers. Edward Jones can ask for documentation of such circumstance. Shareholders should contact Edward Jones if they have questions regarding their eligibility for these discounts and waivers.     
Breakpoints
• Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds as described in the prospectus.
Rights of Accumulation ("ROA"):
Letter of Intent ("LOI"):
If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer.
Sales Charge Waivers:
Sales charges are waived for the following shareholders and in the following situations:
CDSC Waivers:
If the shareholder purchases shares that are subject to a CDSC and those shares are redeemed before the CDSC is expired, the shareholder is responsible to pay the CDSC except in the following conditions:
Other Important Information Regarding Transactions Through Edward Jones
Minimum Purchase Amounts:
Minimum Balances:
Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:
Exchanging Share Classes:
Janney Montgomery Scott LLC (Janney)
If you purchase fund shares through a Janney brokerage account, you will be eligible for the following load waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in a fund ' s prospectus or SAI.
Front-end sales charge* waivers on Class A shares available at Janney:
CDSC waivers on Class A and C shares available at Janney:
Front-end sales charge* discounts available at Janney: breakpoints, rights of accumulation, and/or letters of intent:
*Also referred to as an "initial sales charge."
Merrill Lynch
Shareholders purchasing fund shares through a Merrill Lynch platform or account are eligible only for the following load waivers (front-end sales charge waivers and CDSC, or back-end, waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or SAI.
Front-end Sales Load Waivers on Class A Shares Available at Merrill Lynch:
CDSC Waivers on A, B, and C Shares Available at Merrill Lynch:
Front-end Load Discounts Available at Merrill Lynch:
Breakpoints, Rights of Accumulation & Letters of Intent
Morgan Stanley
Shareholders purchasing fund shares through a Morgan Stanley Wealth Management transactional brokerage account are eligible only for the following front-end sales charge waivers with respect to Class A shares, which may differ from and may be more limited than those disclosed elsewhere in this prospectus or SAI.
Front-end Sales Charge Waivers on Class A Shares Available at Morgan Stanley Wealth Management:
E*TRADE Front-End Sales Charge Waiver
Shareholders purchasing fund shares through an E*TRADE self-directed brokerage account will be eligible for a waiver of the front-end sales charge with respect to Class A shares (or the equivalent). This includes shares purchased through the reinvestment of dividends and capital gains distributions.
Oppenheimer & Co. (OPCO)
Shareholders purchasing fund shares through an OPCO platform or account are eligible only for the following load waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in a fund's prospectus or SAI.
Front-end Sales Load Waivers on Class A Shares available at OPCO:
CDSC Waivers on A, B and C Shares available at OPCO:
Front-end Load Discounts Available at OPCO: Breakpoints, Rights of Accumulation & Letters of Intent:
PFS Investments Inc. (PFSI)
Policies Regarding Fund Purchases Held on the PSS Platform
The following information supersedes all prior information with respect to transactions and positions held in fund shares purchased through PFSI and held on the mutual fund platform of its affiliate, Primerica Shareholder Services (PSS). Clients of PFSI (also referred to as "shareholders") purchasing fund shares on the PSS platform are eligible only for the following share classes, sales charge discounts (also referred to as "breakpoints") and waivers, which can differ from share classes, discounts and waivers described elsewhere in this prospectus or the related SAI or through another broker-dealer. In all instances, it is the shareholder's responsibility to inform PFSI at the time of a purchase of all holdings of Fidelity Advisor ® funds on the PSS platform, or other facts qualifying the purchaser for discounts or waivers. PFSI may request reasonable documentation of such facts and condition the granting of any discount or waiver on the timely receipt of such documents. Shareholders should contact PSS if they have questions regarding their eligibility for these discounts and waivers.
Share Classes
Breakpoints
Rights of Accumulation (ROA)
Letter of Intent (LOI)
Sales Charge Waivers
Sales charges are waived for the following shareholders and in the following situations on the PSS platform:
Raymond James &  Associates, Inc., Raymond James Financial Services, Inc. and Each Entity's Affiliates (Raymond James)
Intermediary-Defined Sales Charge Waiver Policies:
The availability of certain initial or deferred sales charge waivers and discounts may depend on the particular financial intermediary or type of account through which you purchase or hold fund shares. Intermediaries may have different policies and procedures regarding the availability of front-end sales load waivers or CDSC waivers, which are discussed below. In all instances, it is the purchaser's responsibility to notify the fund or the purchaser's financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase fund shares directly from the fund or through another intermediary to receive these waivers or discounts.
Shareholders purchasing fund shares through a Raymond James platform or account, or through an introducing broker-dealer or independent registered investment adviser for which Raymond James provides trade execution, clearance, and/or custody services, will be eligible only for the following load waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in a fund's prospectus or SAI.
Front-end sales load waivers on Class A shares available at Raymond James:
CDSC Waivers on Classes A, B and C shares available at Raymond James:
Front-end load discounts available at Raymond James: breakpoints, rights of accumulation, and/or letters of intent:
Robert W. Baird & Co. (Baird)
Shareholders purchasing fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI.
Front-End Sales Charge Waivers on A-shares Available at Baird:
CDSC Waivers on A and C shares Available at Baird:
Front-End Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulations:
Stifel, Nicolaus & Company, Incorporated (Stifel)
Front-end Sales Load Waiver on Class A Shares:
Shareholders who purchase fund shares through a Stifel platform or account or who own shares for which Stifel or an affiliate is the broker-dealer of record and who are invested in Class C shares will have their shares converted at NAV to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Stifel.
US Bancorp Investments, Inc. (USBI)
Front-end Sales Load Waiver on Class A Shares:
Shareholders who purchase fund shares through a USBI platform or account or who own shares for which USBI or an affiliate is the broker-dealer of record, including shares in an omnibus account, and who are invested in Class C shares will have their shares converted at NAV to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of USBI.
IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT ACT), requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.
For individual investors opening an account: When you open an account, you will be asked for your name, address, date of birth, and other information that will allow Fidelity to identify you. You may also be asked to provide documents that may help to establish your identity, such as your driver's license.
For investors other than individuals:   When you open an account, you will be asked for the name of the entity, its principal place of business and taxpayer identification number (TIN). You will be asked to provide information about the entity's control person and beneficial owners, and person(s) with authority over the account, including name, address, date of birth and social security number. You may also be asked to provide documents, such as drivers' licenses, articles of incorporation, trust instruments or partnership agreements and other information that will help Fidelity identify the entity.
You can obtain additional information about the funds. A description of each fund's policies and procedures for disclosing its holdings is available in its Statement of Additional Information (SAI) and on Fidelity's web sites. The SAI also includes more detailed information about each fund and its investments. The SAI is incorporated herein by reference (legally forms a part of the prospectus). Each fund's annual and semi-annual reports also include additional information. Each fund's annual report includes a discussion of the fund's holdings and recent market conditions and the fund's investment strategies that affected performance.
For a free copy of any of these documents or to request other information or ask questions about a fund, call Fidelity at 1-877-208-0098. In addition, you may visit Fidelity's web site at institutional.fidelity.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.
The SAI, the funds' annual and semi-annual reports and other related materials are available from the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Database on the SEC's web site (http://www.sec.gov). You can obtain copies of this information, after paying a duplicating fee, by sending a request by e-mail to [email protected] or by writing the Public Reference Section of the SEC, Washington, D.C. 20549-1520. You can also review and copy information about the funds, including the funds' SAI, at the SEC's Public Reference Room in Washington, D.C. Call 1-202-551-8090 for information on the operation of the SEC's Public Reference Room.
Investment Company Act of 1940, File Number(s), 811-06440  
Fidelity Distributors Company LLC (FDC) is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at 202-371-8300.
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2023 FMR LLC. All rights reserved.
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