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Fidelity Advisor Freedom® 2020 M FDTFX

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Morningstar’s Analysis

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Strategic Asset Allocation Updates Coming to the Fidelity Advisor Freedom Target-Date Series

Analyst Note

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Fidelity announced upcoming changes to the Fidelity Freedom Index target-date series’ strategic asset allocation on July 13, 2021. The changes focus on the series’ fixed-income exposure and build on the asset-allocation team’s prior adjustments implemented in 2018 and 2019 to improve diversification across the glide path. This glide path update does not affect our current ratings.

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