FXEAX

FXEAX is a mutual fund. Specifically, it is the Fidelity Freedom 2025 Fund. This fund is a target-date fund, meaning its investment strategy is designed to become more conservative as the target date approaches. In this case, the target date is 2025, indicating it is intended for investors who plan to retire around that year.

The fund typically invests in a diversified mix of underlying Fidelity mutual funds, including equity funds, fixed-income funds, and money market funds. The asset allocation of FXEAX automatically adjusts over time. Initially, it holds a higher proportion of stocks for growth potential. As the year 2025 gets closer, the fund gradually shifts its investments towards more conservative assets like bonds and cash equivalents to preserve capital and reduce risk.

Fidelity Freedom 2025 Fund is an example of a "fund of funds," as it invests in other Fidelity funds rather than directly in individual securities. This approach aims to provide investors with diversification and professional management within a single investment vehicle. Investors considering FXEAX should review its prospectus for detailed information on investment objectives, risks, fees, and expenses. Its performance will be influenced by the performance of the underlying asset classes and the effectiveness of its asset allocation strategy.