N-CSRS 1 filing717.htm PRIMARY DOCUMENT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES


Investment Company Act file number   811-6440





Fidelity Aberdeen Street Trust


(Exact name of registrant as specified in charter)




245 Summer St., Boston, MA 02210
(Address of principal executive offices)       (Zip code)


Marc Bryant, Secretary

245 Summer St.

Boston, Massachusetts  02210
(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

March 31

 

 

Date of reporting period:

September 30, 2017


Item 1.

Reports to Stockholders






Fidelity Advisor Freedom® Funds – Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 - Class A, Class M, Class C and Class I



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Advisor Freedom® Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees

Proxy Voting Results


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Advisor Freedom® Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 37.4 37.5 
Fidelity Series Government Money Market Fund 1.09% 21.3 21.1 
Fidelity Advisor Series Short-Term Credit Fund 6.5 6.8 
Fidelity Series Emerging Markets Fund 4.0 4.7 
Fidelity Series Inflation-Protected Bond Index Fund 3.6 3.8 
Fidelity Series International Value Fund 2.8 2.7 
Fidelity Series International Growth Fund 2.8 2.7 
Fidelity Advisor Series Growth & Income Fund 2.7 2.0 
Fidelity Series Commodity Strategy Fund 2.0 1.7 
Fidelity Series Long-Term Treasury Bond Index Fund 1.8 0.0 
 84.9 83.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.8% 
   International Equity Funds 10.6% 
   Bond Funds 45.9% 
   Short-Term Funds 27.8% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 17.1% 
   International Equity Funds 10.7% 
   Bond Funds 44.3% 
   Short-Term Funds 27.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Advisor Freedom® Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 15.8%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 217,979 $3,178,141 
Fidelity Advisor Series Equity Value Fund (a) 276,339 3,705,708 
Fidelity Advisor Series Growth & Income Fund (a) 391,938 5,871,237 
Fidelity Advisor Series Growth Opportunities Fund (a) 155,883 2,046,737 
Fidelity Advisor Series Opportunistic Insights Fund (a) 157,354 2,915,770 
Fidelity Advisor Series Small Cap Fund (a) 129,514 1,593,017 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 281,537 3,792,298 
Fidelity Series 100 Index Fund (a) 98,394 1,630,382 
Fidelity Series 1000 Value Index Fund (a) 49,956 627,442 
Fidelity Series All-Sector Equity Fund (a) 164,011 2,192,825 
Fidelity Series Commodity Strategy Fund (a) 835,735 4,370,893 
Fidelity Series Real Estate Equity Fund (a) 28,247 364,673 
Fidelity Series Small Cap Opportunities Fund (a) 137,313 1,919,630 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $25,985,333)  34,208,753 
International Equity Funds - 10.6%   
Fidelity Series Canada Fund (a) 57,403 610,767 
Fidelity Series Emerging Markets Fund (a) 417,377 8,597,964 
Fidelity Series International Growth Fund (a) 377,698 6,001,624 
Fidelity Series International Small Cap Fund (a) 81,377 1,457,467 
Fidelity Series International Value Fund (a) 569,799 6,136,732 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $16,329,952)  22,804,554 
Bond Funds - 45.9%   
Fidelity Series Emerging Markets Debt Fund (a) 162,232 1,696,946 
Fidelity Series Floating Rate High Income Fund (a) 55,842 529,944 
Fidelity Series High Income Fund (a) 323,872 3,157,747 
Fidelity Series Inflation-Protected Bond Index Fund (a) 795,406 7,866,570 
Fidelity Series International Credit Fund (a) 11,000 110,548 
Fidelity Series Investment Grade Bond Fund (a) 7,145,692 80,817,777 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 448,523 3,942,517 
Fidelity Series Real Estate Income Fund (a) 97,225 1,086,003 
TOTAL BOND FUNDS   
(Cost $96,161,421)  99,208,052 
Short-Term Funds - 27.8%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,418,329 14,183,295 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 45,981,026 45,981,026 
TOTAL SHORT-TERM FUNDS   
(Cost $60,128,801)  60,164,321 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $198,605,507)  216,385,680 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (131,726) 
NET ASSETS - 100%  $216,253,954 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $3,622,423 $139,221 $1,078,342 $-- $259,320 $235,519 $3,178,141 
Fidelity Advisor Series Equity Value Fund 6,526,095 223,757 3,134,843(a) 50,467 412,072 (321,373) 3,705,708 
Fidelity Advisor Series Growth & Income Fund 4,502,313 2,261,870(a) 1,052,404 18,725 20,484 138,974 5,871,237 
Fidelity Advisor Series Growth Opportunities Fund 2,377,485 90,322 707,428 -- 124,801 161,557 2,046,737 
Fidelity Advisor Series Opportunistic Insights Fund 3,365,394 129,645 982,303 -- 375,700 27,334 2,915,770 
Fidelity Advisor Series Short-Term Credit Fund 15,074,623 792,897 1,714,968 116,594 504 30,239 14,183,295 
Fidelity Advisor Series Small Cap Fund 1,822,727 69,125 426,335 -- 51,698 75,802 1,593,017 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4,345,160 166,149 873,905 -- 152,252 2,642 3,792,298 
Fidelity Series 100 Index Fund 1,864,666 71,229 430,158 -- 98,581 26,064 1,630,382 
Fidelity Series 1000 Value Index Fund 723,143 28,367 152,361 -- 22,447 5,846 627,442 
Fidelity Series All-Sector Equity Fund 2,529,199 96,165 610,313 -- 94,386 83,388 2,192,825 
Fidelity Series Canada Fund -- 604,725 1,392 -- -- 7,434 610,767 
Fidelity Series Commodity Strategy Fund 3,784,080 1,060,914 454,570 6,651 (55,436) 35,905 4,370,893 
Fidelity Series Emerging Markets Debt Fund 1,696,529 109,245 146,579 51,440 901 36,850 1,696,946 
Fidelity Series Emerging Markets Fund 10,546,969 388,492 3,866,695 -- 624,138 905,060 8,597,964 
Fidelity Series Floating Rate High Income Fund 556,274 36,437 61,075 12,351 (1,892) 200 529,944 
Fidelity Series Government Money Market Fund 1.09% 47,143,634 3,597,194 4,759,802 208,516 -- -- 45,981,026 
Fidelity Series High Income Fund 3,245,598 232,401 366,447 87,891 (6,840) 53,035 3,157,747 
Fidelity Series Inflation-Protected Bond Index Fund 8,414,121 375,514 940,544 4,607 (22,932) 40,411 7,866,570 
Fidelity Series International Credit Fund -- 109,998 -- -- -- 550 110,548 
Fidelity Series International Growth Fund 5,929,825 386,271 1,101,251 -- 102,218 684,561 6,001,624 
Fidelity Series International Small Cap Fund 1,335,728 102,397 199,879 -- 13,083 206,138 1,457,467 
Fidelity Series International Value Fund 5,944,546 527,330 981,657 -- 58,020 588,493 6,136,732 
Fidelity Series Investment Grade Bond Fund 83,657,371 4,903,336 8,860,932 1,019,729 20,963 1,097,039 80,817,777 
Fidelity Series Long-Term Treasury Bond Index Fund 80,695 4,015,409 139,445 16,299 (4,349) (9,793) 3,942,517 
Fidelity Series Real Estate Equity Fund 430,986 26,556 90,644 3,180 7,255 (9,480) 364,673 
Fidelity Series Real Estate Income Fund 1,112,586 80,669 114,902 27,197 1,667 5,983 1,086,003 
Fidelity Series Small Cap Opportunities Fund 2,184,630 217,959 453,899 3,549 126,014 (155,074) 1,919,630 
Total $222,816,800 $20,843,594 $33,703,073 $1,627,196 $2,475,055 $3,953,304 $216,385,680 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $198,605,507) — See accompanying schedule  $216,385,680 
Cash  
Receivable for investments sold  245,105 
Receivable for fund shares sold  220,905 
Total assets  216,851,691 
Liabilities   
Payable for investments purchased $61,594  
Payable for fund shares redeemed 407,575  
Accrued management fee 83,694  
Distribution and service plan fees payable 44,874  
Total liabilities  597,737 
Net Assets  $216,253,954 
Net Assets consist of:   
Paid in capital  $196,129,403 
Undistributed net investment income  216,533 
Accumulated undistributed net realized gain (loss) on investments  2,127,845 
Net unrealized appreciation (depreciation) on investments  17,780,173 
Net Assets  $216,253,954 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($82,342,708 ÷ 7,350,240 shares)  $11.20 
Maximum offering price per share (100/94.25 of $11.20)  $11.88 
Class M:   
Net Asset Value and redemption price per share ($38,127,371 ÷ 3,406,354 shares)  $11.19 
Maximum offering price per share (100/96.50 of $11.19)  $11.60 
Class C:   
Net Asset Value and offering price per share ($14,077,256 ÷ 1,260,129 shares)(a)  $11.17 
Class I:   
Net Asset Value, offering price and redemption price per share ($81,086,796 ÷ 7,215,364 shares)  $11.24 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($619,823 ÷ 55,163 shares)  $11.24 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,627,196 
Expenses   
Management fee $338,445  
Distribution and service plan fees 272,717  
Independent trustees' fees and expenses 403  
Total expenses before reductions 611,565  
Expense reductions (146) 611,419 
Net investment income (loss)  1,015,777 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 2,475,055  
Capital gain distributions from underlying funds 305,972  
Total net realized gain (loss)  2,781,027 
Change in net unrealized appreciation (depreciation) on underlying funds  3,953,304 
Net gain (loss)  6,734,331 
Net increase (decrease) in net assets resulting from operations  $7,750,108 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,015,777 $3,413,880 
Net realized gain (loss) 2,781,027 2,794,177 
Change in net unrealized appreciation (depreciation) 3,953,304 6,889,975 
Net increase (decrease) in net assets resulting from operations 7,750,108 13,098,032 
Distributions to shareholders from net investment income (990,242) (3,407,660) 
Distributions to shareholders from net realized gain (1,555,493) (3,107,675) 
Total distributions (2,545,735) (6,515,335) 
Share transactions - net increase (decrease) (11,720,046) (24,761,777) 
Total increase (decrease) in net assets (6,515,673) (18,179,080) 
Net Assets   
Beginning of period 222,769,627 240,948,707 
End of period $216,253,954 $222,769,627 
Other Information   
Undistributed net investment income end of period $216,533 $190,998 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom Income Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.94 $10.64 $11.07 $11.20 $11.21 $10.98 
Income from Investment Operations       
Net investment income (loss)A .05 .16 .18 .16 .12 .12 
Net realized and unrealized gain (loss) .34 .44 (.25) .24 .28 .37 
Total from investment operations .39 .60 (.07) .40 .40 .49 
Distributions from net investment income (.05) (.16)B (.18) (.17) (.12) (.12) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.13) (.30) (.36)C (.53) (.41) (.26) 
Net asset value, end of period $11.20 $10.94 $10.64 $11.07 $11.20 $11.21 
Total ReturnD,E,F 3.56% 5.74% (.59)% 3.65% 3.65% 4.53% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .56%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .56%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .56%I .25% .25% .25% .25% .25% 
Net investment income (loss) .92%I 1.47% 1.63% 1.48% 1.10% 1.08% 
Supplemental Data       
Net assets, end of period (000 omitted) $82,343 $87,983 $99,211 $124,755 $147,818 $176,876 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.36 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.187 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.93 $10.62 $11.06 $11.19 $11.20 $10.96 
Income from Investment Operations       
Net investment income (loss)A .04 .13 .15 .14 .09 .09 
Net realized and unrealized gain (loss) .33 .45 (.25) .23 .28 .38 
Total from investment operations .37 .58 (.10) .37 .37 .47 
Distributions from net investment income (.04) (.13)B (.15) (.14) (.09) (.09) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.11)C (.27) (.34) (.50) (.38) (.23) 
Net asset value, end of period $11.19 $10.93 $10.62 $11.06 $11.19 $11.20 
Total ReturnD,E,F 3.44% 5.56% (.93)% 3.39% 3.40% 4.35% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .81%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .81%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .81%I .50% .50% .50% .50% .50% 
Net investment income (loss) .67%I 1.22% 1.38% 1.23% .85% .83% 
Supplemental Data       
Net assets, end of period (000 omitted) $38,127 $38,513 $42,887 $47,804 $53,019 $53,734 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.11 per share is comprised of distributions from net investment income of $.036 and distributions from net realized gain of $.077 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.91 $10.61 $11.04 $11.17 $11.18 $10.96 
Income from Investment Operations       
Net investment income (loss)A .01 .08 .09 .08 .04 .04 
Net realized and unrealized gain (loss) .33 .44 (.24) .24 .28 .36 
Total from investment operations .34 .52 (.15) .32 .32 .40 
Distributions from net investment income (.01) (.08)B (.10) (.09) (.04) (.04) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.08)C (.22) (.28)D (.45) (.33) (.18) 
Net asset value, end of period $11.17 $10.91 $10.61 $11.04 $11.17 $11.18 
Total ReturnE,F,G 3.17% 4.99% (1.35)% 2.90% 2.89% 3.70% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) .17%J .72% .88% .73% .35% .33% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,077 $14,434 $14,712 $15,780 $15,735 $16,606 
Portfolio turnover rateH 19%J 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.08 per share is comprised of distributions from net investment income of $.007 and distributions from net realized gain of $.077 per share.

 D Total distributions of $.28 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.187 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 H Amounts do not include the activity of the Underlying Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.98 $10.67 $11.10 $11.23 $11.23 $11.00 
Income from Investment Operations       
Net investment income (loss)A .06 .19 .20 .19 .15 .15 
Net realized and unrealized gain (loss) .34 .45 (.24) .24 .29 .37 
Total from investment operations .40 .64 (.04) .43 .44 .52 
Distributions from net investment income (.06) (.19)B (.20) (.19) (.15) (.14) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.14) (.33) (.39) (.56)C (.44) (.29)D 
Net asset value, end of period $11.24 $10.98 $10.67 $11.10 $11.23 $11.23 
Total ReturnE,F 3.67% 6.07% (.34)% 3.89% 3.98% 4.75% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .31%I - %J - %J - %J - %J - %J 
Expenses net of fee waivers, if any .31%I -% -% -% -% -% 
Expenses net of all reductions .31%I -% -% -% -% -% 
Net investment income (loss) 1.17%I 1.72% 1.88% 1.73% 1.35% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $81,087 $81,839 $83,497 $83,253 $71,933 $77,976 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.56 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.361 per share.

 D Total distributions of $.29 per share is comprised of distributions from net investment income of $.144 and distributions from net realized gain of $.141 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized

 J Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.09 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .12 
Total from investment operations .19 
Distributions from net investment income (.04) 
Distributions from net realized gain – 
Total distributions (.04) 
Net asset value, end of period $11.24 
Total ReturnC,D 1.69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .37%G 
Expenses net of fee waivers, if any .37%G 
Expenses net of all reductions .37%G 
Net investment income (loss) 1.93%G 
Supplemental Data  
Net assets, end of period (000 omitted) $620 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 33.7 33.7 
Fidelity Series Government Money Market Fund 1.09% 16.5 16.0 
Fidelity Advisor Series Short-Term Credit Fund 4.9 5.1 
Fidelity Series Emerging Markets Fund 4.9 5.7 
Fidelity Advisor Series Growth & Income Fund 4.1 3.0 
Fidelity Series International Value Fund 3.9 3.8 
Fidelity Series International Growth Fund 3.7 3.8 
Fidelity Series Inflation-Protected Bond Index Fund 3.1 3.3 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 2.7 2.9 
Fidelity Advisor Series Equity Value Fund 2.6 4.4 
 80.1 81.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 13.8% 
   Bond Funds 41.8% 
   Short-Term Funds 21.4% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 24.6% 
   International Equity Funds 14.2% 
   Bond Funds 40.1% 
   Short-Term Funds 21.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 320,101 $4,667,068 
Fidelity Advisor Series Equity Value Fund (a) 405,857 5,442,537 
Fidelity Advisor Series Growth & Income Fund (a) 575,679 8,623,665 
Fidelity Advisor Series Growth Opportunities Fund (a) 228,902 3,005,482 
Fidelity Advisor Series Opportunistic Insights Fund (a) 231,106 4,282,399 
Fidelity Advisor Series Small Cap Fund (a) 190,262 2,340,224 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 413,526 5,570,190 
Fidelity Series 100 Index Fund (a) 144,495 2,394,282 
Fidelity Series 1000 Value Index Fund (a) 73,401 921,918 
Fidelity Series All-Sector Equity Fund (a) 240,844 3,220,082 
Fidelity Series Commodity Strategy Fund (a) 801,836 4,193,604 
Fidelity Series Real Estate Equity Fund (a) 41,475 535,436 
Fidelity Series Small Cap Opportunities Fund (a) 201,730 2,820,185 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $36,087,774)  48,017,072 
International Equity Funds - 13.8%   
Fidelity Series Canada Fund (a) 75,610 804,487 
Fidelity Series Emerging Markets Fund (a) 493,611 10,168,393 
Fidelity Series International Growth Fund (a) 493,538 7,842,326 
Fidelity Series International Small Cap Fund (a) 106,802 1,912,816 
Fidelity Series International Value Fund (a) 750,015 8,077,662 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $20,281,078)  28,805,684 
Bond Funds - 41.8%   
Fidelity Series Emerging Markets Debt Fund (a) 153,606 1,606,717 
Fidelity Series Floating Rate High Income Fund (a) 53,400 506,770 
Fidelity Series High Income Fund (a) 321,232 3,132,008 
Fidelity Series Inflation-Protected Bond Index Fund (a) 662,573 6,552,844 
Fidelity Series International Credit Fund (a) 10,454 105,063 
Fidelity Series Investment Grade Bond Fund (a) 6,209,616 70,230,755 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 450,399 3,959,003 
Fidelity Series Real Estate Income Fund (a) 91,051 1,017,043 
TOTAL BOND FUNDS   
(Cost $84,982,152)  87,110,203 
Short-Term Funds - 21.4%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,021,439 10,214,390 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 34,413,831 34,413,831 
TOTAL SHORT-TERM FUNDS   
(Cost $44,609,072)  44,628,221 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $185,960,076)  208,561,180 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (126,355) 
NET ASSETS - 100%  $208,434,825 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $5,113,587 $151,352 $1,302,736 $-- $309,429 $395,436 $4,667,068 
Fidelity Advisor Series Equity Value Fund 9,212,567 276,287 4,179,094(a) 71,824 631,883 (499,106) 5,442,537 
Fidelity Advisor Series Growth & Income Fund 6,355,742 3,110,765(a) 1,072,276 26,896 42,032 187,402 8,623,665 
Fidelity Advisor Series Growth Opportunities Fund 3,356,221 95,151 853,568 -- 149,114 258,564 3,005,482 
Fidelity Advisor Series Opportunistic Insights Fund 4,750,821 140,758 1,182,517 -- 449,633 123,704 4,282,399 
Fidelity Advisor Series Short-Term Credit Fund 10,744,581 440,202 991,883 83,244 (110) 21,600 10,214,390 
Fidelity Advisor Series Small Cap Fund 2,572,982 72,678 490,297 -- 59,099 125,762 2,340,224 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 6,133,876 174,165 965,146 -- 171,852 55,443 5,570,190 
Fidelity Series 100 Index Fund 2,632,246 74,748 492,285 -- 111,588 67,985 2,394,282 
Fidelity Series 1000 Value Index Fund 1,020,866 28,971 169,320 -- 25,054 16,347 921,918 
Fidelity Series All-Sector Equity Fund 3,570,349 101,429 706,789 -- 101,598 153,495 3,220,082 
Fidelity Series Canada Fund -- 796,588 3,583 -- 23 11,459 804,487 
Fidelity Series Commodity Strategy Fund 3,530,818 1,009,031 332,066 6,451 (129,784) 115,605 4,193,604 
Fidelity Series Emerging Markets Debt Fund 1,593,475 88,094 110,437 48,359 1,003 34,582 1,606,717 
Fidelity Series Emerging Markets Fund 12,120,840 352,712 4,060,425 -- 612,670 1,142,596 10,168,393 
Fidelity Series Floating Rate High Income Fund 526,149 28,257 46,015 11,703 (1,532) (89) 506,770 
Fidelity Series Government Money Market Fund 1.09% 33,687,414 3,532,864 2,806,447 152,778 -- -- 34,413,831 
Fidelity Series High Income Fund 3,176,907 185,579 276,092 86,251 (4,635) 50,249 3,132,008 
Fidelity Series Inflation-Protected Bond Index Fund 6,934,016 228,283 623,959 3,812 (14,852) 29,356 6,552,844 
Fidelity Series International Credit Fund -- 104,540 -- -- -- 523 105,063 
Fidelity Series International Growth Fund 7,950,969 255,733 1,406,639 -- 243,009 799,254 7,842,326 
Fidelity Series International Small Cap Fund 1,809,980 59,543 249,341 -- 31,309 261,325 1,912,816 
Fidelity Series International Value Fund 7,971,369 354,345 1,100,879 -- 83,333 769,494 8,077,662 
Fidelity Series Investment Grade Bond Fund 71,039,111 4,174,438 5,928,809 873,226 8,915 937,100 70,230,755 
Fidelity Series Long-Term Treasury Bond Index Fund 68,945 3,978,571 73,501 15,928 (3,971) (11,041) 3,959,003 
Fidelity Series Real Estate Equity Fund 608,427 31,663 101,441 4,638 9,659 (12,872) 535,436 
Fidelity Series Real Estate Income Fund 1,032,613 64,230 86,601 25,370 4,018 2,783 1,017,043 
Fidelity Series Small Cap Opportunities Fund 3,083,854 288,730 508,587 5,271 145,699 (189,511) 2,820,185 
Total $210,598,725 $20,199,707 $30,120,733 $1,415,751 $3,036,036 $4,847,445 $208,561,180 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $185,960,076) — See accompanying schedule  $208,561,180 
Cash  
Receivable for investments sold  369,105 
Receivable for fund shares sold  147,738 
Total assets  209,078,032 
Liabilities   
Payable for investments purchased $14  
Payable for fund shares redeemed 517,033  
Accrued management fee 85,687  
Distribution and service plan fees payable 40,473  
Total liabilities  643,207 
Net Assets  $208,434,825 
Net Assets consist of:   
Paid in capital  $182,130,301 
Undistributed net investment income  801,622 
Accumulated undistributed net realized gain (loss) on investments  2,901,798 
Net unrealized appreciation (depreciation) on investments  22,601,104 
Net Assets  $208,434,825 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($116,187,426 ÷ 9,522,091 shares)  $12.20 
Maximum offering price per share (100/94.25 of $12.20)  $12.94 
Class M:   
Net Asset Value and redemption price per share ($27,367,395 ÷ 2,246,458 shares)  $12.18 
Maximum offering price per share (100/96.50 of $12.18)  $12.62 
Class C:   
Net Asset Value and offering price per share ($5,658,843 ÷ 465,516 shares)(a)  $12.16 
Class I:   
Net Asset Value, offering price and redemption price per share ($59,113,854 ÷ 4,809,593 shares)  $12.29 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($107,307 ÷ 8,728 shares)  $12.29 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,415,751 
Expenses   
Management fee $341,380  
Distribution and service plan fees 242,824  
Independent trustees' fees and expenses 382  
Total expenses before reductions 584,586  
Expense reductions (138) 584,448 
Net investment income (loss)  831,303 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 3,036,036  
Capital gain distributions from underlying funds 447,338  
Total net realized gain (loss)  3,483,374 
Change in net unrealized appreciation (depreciation) on underlying funds  4,847,445 
Net gain (loss)  8,330,819 
Net increase (decrease) in net assets resulting from operations  $9,162,122 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $831,303 $3,297,866 
Net realized gain (loss) 3,483,374 4,204,099 
Change in net unrealized appreciation (depreciation) 4,847,445 8,708,121 
Net increase (decrease) in net assets resulting from operations 9,162,122 16,210,086 
Distributions to shareholders from net investment income (447,746) (3,541,599) 
Distributions to shareholders from net realized gain (2,366,033) (4,945,386) 
Total distributions (2,813,779) (8,486,985) 
Share transactions - net increase (decrease) (8,471,216) (28,749,623) 
Total increase (decrease) in net assets (2,122,873) (21,026,522) 
Net Assets   
Beginning of period 210,557,698 231,584,220 
End of period $208,434,825 $210,557,698 
Other Information   
Undistributed net investment income end of period $801,622 $418,065 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2005 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.84 $11.44 $12.10 $12.17 $11.90 $11.45 
Income from Investment Operations       
Net investment income (loss)A .05 .17 .19 .19 .13 .13 
Net realized and unrealized gain (loss) .47 .67 (.34) .36 .57 .53 
Total from investment operations .52 .84 (.15) .55 .70 .66 
Distributions from net investment income (.03) (.19)B (.20) (.19) (.12) (.13) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.16)C (.44) (.51)D (.62)E (.43) (.21)F 
Net asset value, end of period $12.20 $11.84 $11.44 $12.10 $12.17 $11.90 
Total ReturnG,H,I 4.43% 7.55% (1.23)% 4.60% 5.98% 5.79% 
Ratios to Average Net AssetsJ,K       
Expenses before reductions .58%L .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .58%L .25% .25% .25% .25% .25% 
Expenses net of all reductions .58%L .25% .25% .25% .25% .25% 
Net investment income (loss) .78%L 1.46% 1.62% 1.54% 1.10% 1.16% 
Supplemental Data       
Net assets, end of period (000 omitted) $116,187 $118,902 $134,262 $162,069 $187,224 $204,418 
Portfolio turnover rateJ 19%L 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.025 and distributions from net realized gain of $.135 per share.

 D Total distributions of $.51 per share is comprised of distributions from net investment income of $.196 and distributions from net realized gain of $.317 per share.

 E Total distributions of $.62 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.423 per share.

 F Total distributions of $.21 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.071 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Total returns do not include the effect of the sales charges.

 J Amounts do not include the activity of the Underlying Funds.

 K Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 L Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.83 $11.43 $12.09 $12.16 $11.90 $11.45 
Income from Investment Operations       
Net investment income (loss)A .03 .14 .16 .16 .10 .11 
Net realized and unrealized gain (loss) .47 .67 (.33) .35 .57 .52 
Total from investment operations .50 .81 (.17) .51 .67 .63 
Distributions from net investment income (.02) (.16)B (.17) (.16) (.10) (.11) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.15)C (.41) (.49) (.58) (.41) (.18) 
Net asset value, end of period $12.18 $11.83 $11.43 $12.09 $12.16 $11.90 
Total ReturnD,E,F 4.28% 7.29% (1.45)% 4.33% 5.68% 5.56% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .83%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .83%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .83%I .50% .50% .50% .50% .50% 
Net investment income (loss) .53%I 1.21% 1.37% 1.29% .85% .91% 
Supplemental Data       
Net assets, end of period (000 omitted) $27,367 $27,091 $29,347 $29,246 $29,912 $26,201 
Portfolio turnover rateG 19%I 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.017 and distributions from net realized gain of $.135 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.81 $11.41 $12.06 $12.14 $11.87 $11.42 
Income from Investment Operations       
Net investment income (loss)A – .08 .10 .10 .04 .05 
Net realized and unrealized gain (loss) .49 .67 (.33) .34 .58 .52 
Total from investment operations .49 .75 (.23) .44 .62 .57 
Distributions from net investment income – (.10)B (.10) (.10) (.04) (.05) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.14) (.35) (.42) (.52) (.35) (.12) 
Net asset value, end of period $12.16 $11.81 $11.41 $12.06 $12.14 $11.87 
Total ReturnC,D,E 4.14% 6.75% (1.98)% 3.73% 5.28% 5.01% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) .03%H .71% .87% .79% .35% .41% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,659 $5,623 $6,200 $7,410 $8,910 $8,118 
Portfolio turnover rateF 19%H 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.92 $11.51 $12.18 $12.25 $11.97 $11.51 
Income from Investment Operations       
Net investment income (loss)A .06 .20 .22 .22 .16 .16 
Net realized and unrealized gain (loss) .48 .68 (.34) .36 .58 .53 
Total from investment operations .54 .88 (.12) .58 .74 .69 
Distributions from net investment income (.03) (.22)B (.23) (.23) (.15) (.16) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.17) (.47) (.55) (.65) (.46) (.23) 
Net asset value, end of period $12.29 $11.92 $11.51 $12.18 $12.25 $11.97 
Total ReturnC,D 4.56% 7.87% (1.04)% 4.85% 6.29% 6.11% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .33%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .33%G -% -% -% -% -% 
Expenses net of all reductions .33%G -% -% -% -% -% 
Net investment income (loss) 1.03%G 1.71% 1.87% 1.79% 1.35% 1.41% 
Supplemental Data       
Net assets, end of period (000 omitted) $59,114 $58,940 $61,440 $66,255 $67,435 $70,364 
Portfolio turnover rateE 19%G 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.04 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .18 
Total from investment operations .25 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.29 
Total ReturnC,D 2.08% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .38%G 
Expenses net of fee waivers, if any .38%G 
Expenses net of all reductions .38%G 
Net investment income (loss) 1.73%G 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 30.2 30.3 
Fidelity Series Government Money Market Fund 1.09% 12.8 12.2 
Fidelity Series Emerging Markets Fund 5.8 6.6 
Fidelity Advisor Series Growth & Income Fund 5.3 3.8 
Fidelity Series International Value Fund 4.7 4.7 
Fidelity Series International Growth Fund 4.6 4.7 
Fidelity Advisor Series Short-Term Credit Fund 3.7 3.9 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 3.5 3.7 
Fidelity Advisor Series Equity Value Fund 3.4 5.6 
Fidelity Advisor Series Equity Growth Fund 2.9 3.1 
 76.9 78.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.2% 
   International Equity Funds 16.7% 
   Bond Funds 37.7% 
   Short-Term Funds 16.5% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 30.8% 
   International Equity Funds 17.1% 
   Bond Funds 36.0% 
   Short-Term Funds 16.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 996,031 $14,522,126 
Fidelity Advisor Series Equity Value Fund (a) 1,263,050 16,937,506 
Fidelity Advisor Series Growth & Income Fund (a) 1,791,419 26,835,450 
Fidelity Advisor Series Growth Opportunities Fund (a) 712,283 9,352,276 
Fidelity Advisor Series Opportunistic Insights Fund (a) 719,092 13,324,769 
Fidelity Advisor Series Small Cap Fund (a) 592,131 7,283,205 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 1,286,867 17,334,098 
Fidelity Series 100 Index Fund (a) 449,620 7,450,211 
Fidelity Series 1000 Value Index Fund (a) 228,399 2,868,697 
Fidelity Series All-Sector Equity Fund (a) 749,497 10,020,777 
Fidelity Series Commodity Strategy Fund (a) 1,920,322 10,043,282 
Fidelity Series Real Estate Equity Fund (a) 129,065 1,666,232 
Fidelity Series Small Cap Opportunities Fund (a) 627,721 8,775,534 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $110,203,844)  146,414,163 
International Equity Funds - 16.7%   
Fidelity Series Canada Fund (a) 222,216 2,364,383 
Fidelity Series Emerging Markets Fund (a) 1,399,703 28,833,885 
Fidelity Series International Growth Fund (a) 1,456,203 23,139,070 
Fidelity Series International Small Cap Fund (a) 314,719 5,636,617 
Fidelity Series International Value Fund (a) 2,207,784 23,777,832 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $59,912,128)  83,751,787 
Bond Funds - 37.7%   
Fidelity Series Emerging Markets Debt Fund (a) 369,401 3,863,933 
Fidelity Series Floating Rate High Income Fund (a) 127,520 1,210,167 
Fidelity Series High Income Fund (a) 770,604 7,513,388 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,272,482 12,584,843 
Fidelity Series International Credit Fund (a) 25,123 252,491 
Fidelity Series Investment Grade Bond Fund (a) 13,393,283 151,478,026 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,086,008 9,546,012 
Fidelity Series Real Estate Income Fund (a) 217,705 2,431,770 
TOTAL BOND FUNDS   
(Cost $183,702,377)  188,880,630 
Short-Term Funds - 16.5%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,859,731 18,597,309 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 63,805,218 63,805,218 
TOTAL SHORT-TERM FUNDS   
(Cost $82,377,091)  82,402,527 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $436,195,440)  501,449,107 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (353,177) 
NET ASSETS - 100%  $501,095,930 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $15,656,078 $324,720 $3,630,673 $-- $891,804 $1,280,197 $14,522,126 
Fidelity Advisor Series Equity Value Fund 28,203,890 627,637 12,310,571(a) 222,473 2,850,360 (2,433,810) 16,937,506 
Fidelity Advisor Series Growth & Income Fund 19,458,116 9,504,196(a) 2,838,810 83,771 109,906 602,042 26,835,450 
Fidelity Advisor Series Growth Opportunities Fund 10,275,629 212,690 2,393,758 -- 431,234 826,481 9,352,276 
Fidelity Advisor Series Opportunistic Insights Fund 14,545,452 301,817 3,286,902 -- 1,293,155 471,247 13,324,769 
Fidelity Advisor Series Short-Term Credit Fund 19,797,584 621,095 1,860,834 152,322 (177) 39,641 18,597,309 
Fidelity Advisor Series Small Cap Fund 7,871,358 162,080 1,325,728 -- 168,119 407,376 7,283,205 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 18,778,707 389,226 2,542,836 -- 498,920 210,081 17,334,098 
Fidelity Series 100 Index Fund 8,059,670 167,271 1,332,232 -- 349,439 206,063 7,450,211 
Fidelity Series 1000 Value Index Fund 3,126,118 64,828 450,464 -- 68,867 59,348 2,868,697 
Fidelity Series All-Sector Equity Fund 10,931,420 226,481 1,924,911 -- 302,227 485,560 10,020,777 
Fidelity Series Canada Fund -- 2,335,678 10,834 -- 57 39,482 2,364,383 
Fidelity Series Commodity Strategy Fund 8,363,369 2,521,260 807,362 15,398 (200,683) 166,698 10,043,282 
Fidelity Series Emerging Markets Debt Fund 3,863,369 184,257 269,444 116,759 2,505 83,246 3,863,933 
Fidelity Series Emerging Markets Fund 33,634,127 707,928 10,357,864 -- 1,663,012 3,186,682 28,833,885 
Fidelity Series Floating Rate High Income Fund 1,270,072 56,209 112,268 28,084 (4,147) 301 1,210,167 
Fidelity Series Government Money Market Fund 1.09% 62,061,398 7,002,797 5,258,977 282,555 -- -- 63,805,218 
Fidelity Series High Income Fund 7,700,215 376,694 673,608 207,949 (13,984) 124,071 7,513,388 
Fidelity Series Inflation-Protected Bond Index Fund 13,476,555 316,696 1,234,941 7,339 (24,210) 50,743 12,584,843 
Fidelity Series International Credit Fund -- 251,235 -- -- -- 1,256 252,491 
Fidelity Series International Growth Fund 23,784,996 536,208 4,282,715 -- 1,220,339 1,880,242 23,139,070 
Fidelity Series International Small Cap Fund 5,424,288 127,409 787,119 -- 208,181 663,858 5,636,617 
Fidelity Series International Value Fund 23,846,343 691,874 3,290,710 -- 309,325 2,221,000 23,777,832 
Fidelity Series Investment Grade Bond Fund 153,919,482 8,411,976 12,897,441 1,887,912 18,451 2,025,558 151,478,026 
Fidelity Series Long-Term Treasury Bond Index Fund 155,146 9,648,509 221,091 34,729 (8,286) (28,266) 9,546,012 
Fidelity Series Real Estate Equity Fund 1,862,474 83,025 269,480 14,325 31,112 (40,899) 1,666,232 
Fidelity Series Real Estate Income Fund 2,494,077 132,046 211,161 60,894 14,266 2,542 2,431,770 
Fidelity Series Small Cap Opportunities Fund 9,440,735 819,022 1,352,270 16,348 378,681 (510,634) 8,775,534 
Total $508,000,668 $46,804,864 $75,935,004 $3,130,858 $10,558,473 $12,020,106 $501,449,107 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $436,195,440) — See accompanying schedule  $501,449,107 
Cash  
Receivable for investments sold  1,509,279 
Receivable for fund shares sold  451,248 
Total assets  503,409,635 
Liabilities   
Payable for investments purchased $3,654  
Payable for fund shares redeemed 1,975,853  
Accrued management fee 222,698  
Distribution and service plan fees payable 111,500  
Total liabilities  2,313,705 
Net Assets  $501,095,930 
Net Assets consist of:   
Paid in capital  $423,673,081 
Undistributed net investment income  1,475,449 
Accumulated undistributed net realized gain (loss) on investments  10,693,733 
Net unrealized appreciation (depreciation) on investments  65,253,667 
Net Assets  $501,095,930 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($256,210,252 ÷ 20,106,659 shares)  $12.74 
Maximum offering price per share (100/94.25 of $12.74)  $13.52 
Class M:   
Net Asset Value and redemption price per share ($82,534,744 ÷ 6,503,350 shares)  $12.69 
Maximum offering price per share (100/96.50 of $12.69)  $13.15 
Class C:   
Net Asset Value and offering price per share ($28,312,712 ÷ 2,248,620 shares)(a)  $12.59 
Class I:   
Net Asset Value, offering price and redemption price per share ($133,766,822 ÷ 10,446,097 shares)  $12.81 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($271,400 ÷ 21,185 shares)  $12.81 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $3,130,858 
Expenses   
Management fee $890,261  
Distribution and service plan fees 674,907  
Independent trustees' fees and expenses 921  
Total expenses before reductions 1,566,089  
Expense reductions (334) 1,565,755 
Net investment income (loss)  1,565,103 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 10,558,473  
Capital gain distributions from underlying funds 1,379,950  
Total net realized gain (loss)  11,938,423 
Change in net unrealized appreciation (depreciation) on underlying funds  12,020,106 
Net gain (loss)  23,958,529 
Net increase (decrease) in net assets resulting from operations  $25,523,632 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,565,103 $7,994,033 
Net realized gain (loss) 11,938,423 14,958,776 
Change in net unrealized appreciation (depreciation) 12,020,106 24,180,114 
Net increase (decrease) in net assets resulting from operations 25,523,632 47,132,923 
Distributions to shareholders from net investment income (1,080,871) (8,289,234) 
Distributions to shareholders from net realized gain (8,427,944) (16,768,439) 
Total distributions (9,508,815) (25,057,673) 
Share transactions - net increase (decrease) (22,802,369) (109,968,419) 
Total increase (decrease) in net assets (6,787,552) (87,893,169) 
Net Assets   
Beginning of period 507,883,482 595,776,651 
End of period $501,095,930 $507,883,482 
Other Information   
Undistributed net investment income end of period $1,475,449 $991,217 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2010 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.34 $11.87 $12.72 $12.91 $12.50 $11.89 
Income from Investment Operations       
Net investment income (loss)A .04 .18 .20 .20 .15 .16 
Net realized and unrealized gain (loss) .60 .84 (.41) .44 .82 .70 
Total from investment operations .64 1.02 (.21) .64 .97 .86 
Distributions from net investment income (.03) (.19) (.21) (.22) (.14) (.16) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.24) (.55) (.64)B (.83) (.56) (.25) 
Net asset value, end of period $12.74 $12.34 $11.87 $12.72 $12.91 $12.50 
Total ReturnC,D,E 5.21% 8.87% (1.67)% 5.08% 7.86% 7.33% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .60%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .60%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .60%H .25% .25% .25% .25% .25% 
Net investment income (loss) .64%H 1.45% 1.63% 1.55% 1.15% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $256,210 $263,496 $328,232 $431,498 $502,834 $540,980 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.64 per share is comprised of distributions from net investment income of $.206 and distributions from net realized gain of $.437 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.30 $11.83 $12.68 $12.87 $12.46 $11.86 
Income from Investment Operations       
Net investment income (loss)A .02 .14 .17 .17 .11 .13 
Net realized and unrealized gain (loss) .60 .85 (.41) .43 .83 .69 
Total from investment operations .62 .99 (.24) .60 .94 .82 
Distributions from net investment income (.02) (.16) (.18) (.18) (.11) (.13) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.23) (.52) (.61)B (.79) (.53) (.22) 
Net asset value, end of period $12.69 $12.30 $11.83 $12.68 $12.87 $12.46 
Total ReturnC,D,E 5.08% 8.63% (1.92)% 4.81% 7.62% 6.98% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .85%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .85%H .50% .50% .50% .50% .50% 
Expenses net of all reductions .85%H .50% .50% .50% .50% .50% 
Net investment income (loss) .39%H 1.20% 1.38% 1.30% .90% 1.08% 
Supplemental Data       
Net assets, end of period (000 omitted) $82,535 $83,881 $92,543 $106,189 $124,997 $127,353 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.437 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.22 $11.76 $12.60 $12.79 $12.39 $11.79 
Income from Investment Operations       
Net investment income (loss)A (.01) .08 .11 .10 .05 .07 
Net realized and unrealized gain (loss) .59 .84 (.40) .44 .81 .69 
Total from investment operations .58 .92 (.29) .54 .86 .76 
Distributions from net investment income B (.10) (.11) (.12) (.05) (.07) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.41) (.09) 
Total distributions (.21) (.46) (.55) (.73) (.46) (.16) 
Net asset value, end of period $12.59 $12.22 $11.76 $12.60 $12.79 $12.39 
Total ReturnC,D,E 4.82% 8.07% (2.39)% 4.33% 7.04% 6.49% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.11)%H .70% .88% .80% .40% .58% 
Supplemental Data       
Net assets, end of period (000 omitted) $28,313 $29,290 $30,150 $34,839 $36,622 $38,562 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.40 $11.92 $12.77 $12.96 $12.55 $11.94 
Income from Investment Operations       
Net investment income (loss)A .06 .21 .23 .23 .18 .19 
Net realized and unrealized gain (loss) .59 .85 (.40) .44 .82 .70 
Total from investment operations .65 1.06 (.17) .67 1.00 .89 
Distributions from net investment income (.04) (.22) (.24) (.25) (.17) (.19) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.24)B (.58) (.68) (.86) (.59) (.28) 
Net asset value, end of period $12.81 $12.40 $11.92 $12.77 $12.96 $12.55 
Total ReturnC,D 5.34% 9.22% (1.40)% 5.34% 8.10% 7.56% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .35%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .35%G -% -% -% -% -% 
Expenses net of all reductions .35%G -% -% -% -% -% 
Net investment income (loss) .89%G 1.70% 1.88% 1.80% 1.40% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $133,767 $131,216 $143,715 $158,071 $191,276 $197,152 
Portfolio turnover rateE 19%G 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.24 per share is comprised of distributions from net investment income of $.036 and distributions from net realized gain of $.208 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005% per share.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.50 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .23 
Total from investment operations .31 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.81 
Total ReturnC,D 2.48% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .40%G 
Expenses net of fee waivers, if any .40%G 
Expenses net of all reductions .40%G 
Net investment income (loss) 1.96%G 
Supplemental Data  
Net assets, end of period (000 omitted) $271 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 26.6 26.7 
Fidelity Series Government Money Market Fund 1.09% 9.3 8.7 
Fidelity Advisor Series Growth & Income Fund 6.6 4.7 
Fidelity Series Emerging Markets Fund 6.4 7.3 
Fidelity Series International Value Fund 5.6 5.6 
Fidelity Series International Growth Fund 5.5 5.6 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4.2 4.5 
Fidelity Advisor Series Equity Value Fund 4.2 6.7 
Fidelity Advisor Series Equity Growth Fund 3.6 3.8 
Fidelity Advisor Series Opportunistic Insights Fund 3.3 3.5 
 75.3 77.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.5% 
   International Equity Funds 19.4% 
   Bond Funds 33.3% 
   Short-Term Funds 11.9% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 37.1% 
   International Equity Funds 19.8% 
   Bond Funds 31.6% 
   Short-Term Funds 11.5% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.5%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 2,886,974 $42,092,074 
Fidelity Advisor Series Equity Value Fund (a) 3,659,842 49,078,487 
Fidelity Advisor Series Growth & Income Fund (a) 5,191,166 77,763,674 
Fidelity Advisor Series Growth Opportunities Fund (a) 2,064,117 27,101,850 
Fidelity Advisor Series Opportunistic Insights Fund (a) 2,083,893 38,614,544 
Fidelity Advisor Series Small Cap Fund (a) 1,715,650 21,102,495 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 3,729,445 50,235,629 
Fidelity Series 100 Index Fund (a) 1,303,057 21,591,658 
Fidelity Series 1000 Value Index Fund (a) 661,856 8,312,910 
Fidelity Series All-Sector Equity Fund (a) 2,171,945 29,038,905 
Fidelity Series Commodity Strategy Fund (a) 4,504,235 23,557,149 
Fidelity Series Real Estate Equity Fund (a) 373,983 4,828,119 
Fidelity Series Small Cap Opportunities Fund (a) 1,818,634 25,424,498 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $310,918,052)  418,741,992 
International Equity Funds - 19.4%   
Fidelity Series Canada Fund (a) 621,003 6,607,472 
Fidelity Series Emerging Markets Fund (a) 3,679,129 75,790,047 
Fidelity Series International Growth Fund (a) 4,072,367 64,709,905 
Fidelity Series International Small Cap Fund (a) 879,920 15,759,368 
Fidelity Series International Value Fund (a) 6,177,771 66,534,590 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $161,569,309)  229,401,382 
Bond Funds - 33.3%   
Fidelity Series Emerging Markets Debt Fund (a) 849,269 8,883,353 
Fidelity Series Floating Rate High Income Fund (a) 298,127 2,829,224 
Fidelity Series High Income Fund (a) 1,802,402 17,573,416 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,088,474 20,655,012 
Fidelity Series International Credit Fund (a) 59,798 600,972 
Fidelity Series Investment Grade Bond Fund (a) 27,741,175 313,752,693 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,544,861 22,369,326 
Fidelity Series Real Estate Income Fund (a) 513,753 5,738,616 
TOTAL BOND FUNDS   
(Cost $381,362,433)  392,402,612 
Short-Term Funds - 11.9%   
Fidelity Advisor Series Short-Term Credit Fund (a) 3,100,516 31,005,157 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 108,883,430 108,883,430 
TOTAL SHORT-TERM FUNDS   
(Cost $139,863,450)  139,888,587 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $993,713,244)  1,180,434,573 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (821,757) 
NET ASSETS - 100%  $1,179,612,816 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $45,524,066 $547,569 $10,291,915 $-- $2,626,735 $3,685,619 $42,092,074 
Fidelity Advisor Series Equity Value Fund 81,815,902 1,253,906 35,199,779(a) 648,050 5,917,970 (4,709,512) 49,078,487 
Fidelity Advisor Series Growth & Income Fund 56,487,336 26,966,210(a) 7,735,525 245,320 404,048 1,641,605 77,763,674 
Fidelity Advisor Series Growth Opportunities Fund 29,904,426 359,283 6,819,596 -- 1,277,208 2,380,529 27,101,850 
Fidelity Advisor Series Opportunistic Insights Fund 42,300,151 509,727 9,319,918 -- 3,808,801 1,315,783 38,614,544 
Fidelity Advisor Series Short-Term Credit Fund 33,790,894 715,831 3,569,295 256,981 536 67,191 31,005,157 
Fidelity Advisor Series Small Cap Fund 22,747,133 261,492 3,573,871 -- 480,142 1,187,599 21,102,495 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 54,308,043 628,172 6,757,577 -- 1,414,620 642,371 50,235,629 
Fidelity Series 100 Index Fund 23,471,812 282,626 3,779,758 -- 947,867 669,111 21,591,658 
Fidelity Series 1000 Value Index Fund 9,072,554 104,566 1,235,267 -- 200,642 170,415 8,312,910 
Fidelity Series All-Sector Equity Fund 31,808,427 372,744 5,431,280 -- 780,890 1,508,124 29,038,905 
Fidelity Series Canada Fund -- 6,496,444 26,615 -- 181 137,462 6,607,472 
Fidelity Series Commodity Strategy Fund 19,730,718 6,006,437 2,105,521 36,129 (715,139) 640,654 23,557,149 
Fidelity Series Emerging Markets Debt Fund 9,038,148 362,552 716,404 270,844 7,977 191,080 8,883,353 
Fidelity Series Emerging Markets Fund 88,257,284 1,087,723 26,217,357 -- 3,788,545 8,873,852 75,790,047 
Fidelity Series Floating Rate High Income Fund 3,032,156 104,582 298,500 66,373 (13,051) 4,037 2,829,224 
Fidelity Series Government Money Market Fund 1.09% 105,863,553 13,260,617 10,240,740 483,320 -- -- 108,883,430 
Fidelity Series High Income Fund 18,383,602 720,924 1,791,008 491,654 (44,270) 304,168 17,573,416 
Fidelity Series Inflation-Protected Bond Index Fund 22,627,640 310,176 2,328,283 12,153 (63,454) 108,933 20,655,012 
Fidelity Series International Credit Fund -- 597,982 -- -- -- 2,990 600,972 
Fidelity Series International Growth Fund 67,875,480 869,994 12,808,305 -- 3,961,793 4,810,943 64,709,905 
Fidelity Series International Small Cap Fund 15,477,302 205,899 2,391,686 -- 720,666 1,747,187 15,759,368 
Fidelity Series International Value Fund 68,051,945 1,049,974 9,709,722 -- 966,388 6,176,005 66,534,590 
Fidelity Series Investment Grade Bond Fund 323,226,746 16,675,857 30,447,535 3,939,927 63,832 4,233,793 313,752,693 
Fidelity Series Long-Term Treasury Bond Index Fund 310,205 22,629,116 485,203 89,571 (32,152) (52,640) 22,369,326 
Fidelity Series Real Estate Equity Fund 5,406,610 193,590 744,095 41,416 71,831 (99,817) 4,828,119 
Fidelity Series Real Estate Income Fund 5,999,051 259,670 561,627 144,439 46,020 (4,498) 5,738,616 
Fidelity Series Small Cap Opportunities Fund 27,405,880 2,120,943 3,712,128 47,380 1,032,685 (1,422,882) 25,424,498 
Total $1,211,917,064 $104,954,606 $198,298,510 $6,773,557 $27,651,311 $34,210,102 $1,180,434,573 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $993,713,244) — See accompanying schedule  $1,180,434,573 
Receivable for investments sold  1,918,415 
Receivable for fund shares sold  1,779,460 
Total assets  1,184,132,448 
Liabilities   
Payable for investments purchased $106  
Payable for fund shares redeemed 3,699,683  
Accrued management fee 565,892  
Distribution and service plan fees payable 253,951  
Total liabilities  4,519,632 
Net Assets  $1,179,612,816 
Net Assets consist of:   
Paid in capital  $960,858,468 
Undistributed net investment income  2,932,745 
Accumulated undistributed net realized gain (loss) on investments  29,100,274 
Net unrealized appreciation (depreciation) on investments  186,721,329 
Net Assets  $1,179,612,816 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($617,092,519 ÷ 47,820,374 shares)  $12.90 
Maximum offering price per share (100/94.25 of $12.90)  $13.69 
Class M:   
Net Asset Value and redemption price per share ($177,311,632 ÷ 13,775,384 shares)  $12.87 
Maximum offering price per share (100/96.50 of $12.87)  $13.34 
Class C:   
Net Asset Value and offering price per share ($61,070,771 ÷ 4,784,006 shares)(a)  $12.77 
Class I:   
Net Asset Value, offering price and redemption price per share ($323,381,380 ÷ 24,843,402 shares)  $13.02 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($756,514 ÷ 58,094 shares)  $13.02 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $6,773,557 
Expenses   
Management fee $2,276,883  
Distribution and service plan fees 1,544,379  
Independent trustees' fees and expenses 2,189  
Total expenses before reductions 3,823,451  
Expense reductions (795) 3,822,656 
Net investment income (loss)  2,950,901 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 27,651,311  
Capital gain distributions from underlying funds 4,003,017  
Total net realized gain (loss)  31,654,328 
Change in net unrealized appreciation (depreciation) on underlying funds  34,210,102 
Net gain (loss)  65,864,430 
Net increase (decrease) in net assets resulting from operations  $68,815,331 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,950,901 $18,746,280 
Net realized gain (loss) 31,654,328 34,433,131 
Change in net unrealized appreciation (depreciation) 34,210,102 71,901,912 
Net increase (decrease) in net assets resulting from operations 68,815,331 125,081,323 
Distributions to shareholders from net investment income (2,367,122) (19,217,331) 
Distributions to shareholders from net realized gain (21,902,972) (39,746,083) 
Total distributions (24,270,094) (58,963,414) 
Share transactions - net increase (decrease) (76,580,360) (212,702,716) 
Total increase (decrease) in net assets (32,035,123) (146,584,807) 
Net Assets   
Beginning of period 1,211,647,939 1,358,232,746 
End of period $1,179,612,816 $1,211,647,939 
Other Information   
Undistributed net investment income end of period $2,932,745 $2,348,966 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2015 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.43 $11.81 $12.70 $12.87 $12.47 $11.85 
Income from Investment Operations       
Net investment income (loss)A .03 .18 .20 .20 .15 .16 
Net realized and unrealized gain (loss) .69 .99 (.45) .49 .89 .71 
Total from investment operations .72 1.17 (.25) .69 1.04 .87 
Distributions from net investment income (.03) (.19) (.21) (.21) (.15) (.16) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.25)B (.55) (.64) (.86)C (.64)D (.25) 
Net asset value, end of period $12.90 $12.43 $11.81 $12.70 $12.87 $12.47 
Total ReturnE,F,G 5.91% 10.23% (2.07)% 5.51% 8.54% 7.45% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .63%J .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .63%J .25% .25% .25% .25% .25% 
Expenses net of all reductions .63%J .25% .25% .25% .25% .25% 
Net investment income (loss) .50%J 1.46% 1.64% 1.58% 1.19% 1.36% 
Supplemental Data       
Net assets, end of period (000 omitted) $617,093 $653,982 $739,929 $967,164 $1,086,606 $1,181,020 
Portfolio turnover rateH 18%J 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.25 per share is comprised of distributions from net investment income of $.025 and distributions from net realized gain of $.229 per share.

 C Total distributions of $.86 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.642 per share.

 D Total distributions of $.64 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.498 per share.

 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 Total returns do not include the effect of the sales charges.

 H Amounts do not include the activity of the Underlying Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.41 $11.79 $12.68 $12.85 $12.46 $11.83 
Income from Investment Operations       
Net investment income (loss)A .02 .15 .17 .17 .12 .13 
Net realized and unrealized gain (loss) .69 .99 (.45) .48 .88 .72 
Total from investment operations .71 1.14 (.28) .65 1.00 .85 
Distributions from net investment income (.02) (.16) (.18) (.18) (.11) (.13) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.25) (.52) (.61) (.82) (.61) (.22) 
Net asset value, end of period $12.87 $12.41 $11.79 $12.68 $12.85 $12.46 
Total ReturnB,C,D 5.77% 9.98% (2.32)% 5.26% 8.20% 7.28% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .88%G .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .88%G .50% .50% .50% .50% .50% 
Expenses net of all reductions .88%G .50% .50% .50% .50% .50% 
Net investment income (loss) .25%G 1.21% 1.39% 1.33% .94% 1.11% 
Supplemental Data       
Net assets, end of period (000 omitted) $177,312 $178,795 $190,018 $208,468 $226,663 $227,022 
Portfolio turnover rateE 18%G 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.32 $11.72 $12.60 $12.77 $12.39 $11.77 
Income from Investment Operations       
Net investment income (loss)A (.02) .08 .11 .11 .05 .07 
Net realized and unrealized gain (loss) .70 .98 (.45) .48 .88 .71 
Total from investment operations .68 1.06 (.34) .59 .93 .78 
Distributions from net investment income B (.10) (.11) (.12) (.06) (.07) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.49) (.09) 
Total distributions (.23) (.46) (.54) (.76) (.55) (.16) 
Net asset value, end of period $12.77 $12.32 $11.72 $12.60 $12.77 $12.39 
Total ReturnC,D,E 5.60% 9.33% (2.76)% 4.75% 7.65% 6.70% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.25)%H .71% .89% .83% .44% .61% 
Supplemental Data       
Net assets, end of period (000 omitted) $61,071 $61,332 $63,443 $72,725 $75,682 $72,115 
Portfolio turnover rateF 18%H 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.53 $11.90 $12.79 $12.96 $12.56 $11.93 
Income from Investment Operations       
Net investment income (loss)A .05 .21 .23 .24 .18 .19 
Net realized and unrealized gain (loss) .70 1.00 (.45) .48 .90 .72 
Total from investment operations .75 1.21 (.22) .72 1.08 .91 
Distributions from net investment income (.03) (.22) (.24) (.25) (.18) (.19) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.26) (.58) (.67) (.89) (.68) (.28) 
Net asset value, end of period $13.02 $12.53 $11.90 $12.79 $12.96 $12.56 
Total ReturnB,C 6.09% 10.53% (1.80)% 5.74% 8.75% 7.74% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .38%F - %G - %G - %G - %G - %G 
Expenses net of fee waivers, if any .38%F -% -% -% -% -% 
Expenses net of all reductions .38%F -% -% -% -% -% 
Net investment income (loss) .75%F 1.71% 1.89% 1.83% 1.44% 1.61% 
Supplemental Data       
Net assets, end of period (000 omitted) $323,381 $317,539 $361,722 $425,176 $488,611 $467,604 
Portfolio turnover rateD 18%F 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.66 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .26 
Total from investment operations .36 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.02 
Total ReturnC,D 2.84% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .42%G 
Expenses net of fee waivers, if any .42%G 
Expenses net of all reductions .42%G 
Net investment income (loss) 2.46%G 
Supplemental Data  
Net assets, end of period (000 omitted) $757 
Portfolio turnover rateE 18%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 24.0 24.2 
Fidelity Advisor Series Growth & Income Fund 7.5 5.2 
Fidelity Series Emerging Markets Fund 6.9 7.8 
Fidelity Series Government Money Market Fund 1.09% 6.9 6.6 
Fidelity Series International Value Fund 6.3 6.2 
Fidelity Series International Growth Fund 6.1 6.2 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4.8 5.0 
Fidelity Advisor Series Equity Value Fund 4.7 7.6 
Fidelity Advisor Series Equity Growth Fund 4.0 4.2 
Fidelity Advisor Series Opportunistic Insights Fund 3.7 3.9 
 74.9 76.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.9% 
   International Equity Funds 21.4% 
   Bond Funds 29.9% 
   Short-Term Funds 8.9% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 41.4% 
   International Equity Funds 21.6% 
   Bond Funds 28.3% 
   Short-Term Funds 8.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 39.9%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 7,073,688 $103,134,371 
Fidelity Advisor Series Equity Value Fund (a) 8,942,371 119,917,199 
Fidelity Advisor Series Growth & Income Fund (a) 12,713,625 190,450,102 
Fidelity Advisor Series Growth Opportunities Fund (a) 5,059,252 66,427,978 
Fidelity Advisor Series Opportunistic Insights Fund (a) 5,106,547 94,624,316 
Fidelity Advisor Series Small Cap Fund (a) 4,201,952 51,684,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 9,133,069 123,022,437 
Fidelity Series 100 Index Fund (a) 3,193,888 52,922,719 
Fidelity Series 1000 Value Index Fund (a) 1,624,196 20,399,903 
Fidelity Series All-Sector Equity Fund (a) 5,322,621 71,163,440 
Fidelity Series Commodity Strategy Fund (a) 9,716,989 50,819,855 
Fidelity Series Real Estate Equity Fund (a) 915,997 11,825,517 
Fidelity Series Small Cap Opportunities Fund (a) 4,456,686 62,304,471 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $763,899,127)  1,018,696,322 
International Equity Funds - 21.4%   
Fidelity Series Canada Fund (a) 1,496,267 15,920,276 
Fidelity Series Emerging Markets Fund (a) 8,596,585 177,089,650 
Fidelity Series International Growth Fund (a) 9,798,947 155,705,263 
Fidelity Series International Small Cap Fund (a) 2,114,352 37,868,036 
Fidelity Series International Value Fund (a) 14,827,062 159,687,455 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $394,844,310)  546,270,680 
Bond Funds - 29.9%   
Fidelity Series Emerging Markets Debt Fund (a) 1,794,665 18,772,196 
Fidelity Series Floating Rate High Income Fund (a) 633,862 6,015,351 
Fidelity Series High Income Fund (a) 3,874,726 37,778,581 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,655,175 26,259,682 
Fidelity Series International Credit Fund (a) 128,527 1,291,696 
Fidelity Series Investment Grade Bond Fund (a) 54,094,957 611,813,964 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 5,410,817 47,561,080 
Fidelity Series Real Estate Income Fund (a) 1,099,754 12,284,252 
TOTAL BOND FUNDS   
(Cost $754,388,389)  761,776,802 
Short-Term Funds - 8.9%   
Fidelity Advisor Series Short-Term Credit Fund (a) 5,037,456 50,374,560 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 176,042,700 176,042,700 
TOTAL SHORT-TERM FUNDS   
(Cost $226,375,121)  226,417,260 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,139,506,947)  2,553,161,064 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,834,163) 
NET ASSETS - 100%  $2,551,326,901 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $107,899,662 $1,388,488 $21,360,375 $-- $5,408,170 $9,798,426 $103,134,371 
Fidelity Advisor Series Equity Value Fund 192,890,348 3,542,048 79,472,656(a) 1,555,731 7,714,036 (4,756,577) 119,917,199 
Fidelity Advisor Series Growth & Income Fund 133,562,727 65,560,759(a) 13,591,451 595,046 617,064 4,301,003 190,450,102 
Fidelity Advisor Series Growth Opportunities Fund 70,967,317 910,529 14,274,653 -- 2,670,466 6,154,319 66,427,978 
Fidelity Advisor Series Opportunistic Insights Fund 100,276,958 1,291,281 19,272,878 -- 7,782,455 4,546,500 94,624,316 
Fidelity Advisor Series Short-Term Credit Fund 53,699,458 1,209,978 4,643,148 414,850 3,212 105,060 50,374,560 
Fidelity Advisor Series Small Cap Fund 53,446,579 742,668 6,521,496 -- 831,745 3,184,518 51,684,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 128,008,473 2,071,058 12,065,210 -- 1,603,659 3,404,457 123,022,437 
Fidelity Series 100 Index Fund 55,757,975 712,507 7,462,351 -- 1,764,533 2,150,055 52,922,719 
Fidelity Series 1000 Value Index Fund 21,451,762 276,561 2,229,404 -- 334,038 566,946 20,399,903 
Fidelity Series All-Sector Equity Fund 75,469,271 965,226 10,799,441 -- 1,020,978 4,507,406 71,163,440 
Fidelity Series Canada Fund -- 15,591,528 44,829 -- 152 373,425 15,920,276 
Fidelity Series Commodity Strategy Fund 41,695,481 12,922,205 3,661,648 77,877 (643,492) 507,309 50,819,855 
Fidelity Series Emerging Markets Debt Fund 18,811,124 781,933 1,238,918 569,694 9,859 408,198 18,772,196 
Fidelity Series Emerging Markets Fund 197,902,416 2,473,472 52,141,045 -- 6,582,068 22,272,739 177,089,650 
Fidelity Series Floating Rate High Income Fund 6,322,119 228,716 516,215 140,284 (20,967) 1,698 6,015,351 
Fidelity Series Government Money Market Fund 1.09% 168,214,560 21,022,595 13,194,455 778,823 -- -- 176,042,700 
Fidelity Series High Income Fund 38,742,751 1,580,751 3,097,293 1,050,154 (67,504) 619,876 37,778,581 
Fidelity Series Inflation-Protected Bond Index Fund 28,153,800 422,185 2,374,576 15,410 (70,364) 128,637 26,259,682 
Fidelity Series International Credit Fund -- 1,285,270 -- -- -- 6,426 1,291,696 
Fidelity Series International Growth Fund 159,124,886 2,140,365 26,315,849 -- 6,584,953 14,170,908 155,705,263 
Fidelity Series International Small Cap Fund 36,182,712 497,510 4,644,214 -- 1,107,027 4,725,001 37,868,036 
Fidelity Series International Value Fund 159,539,367 2,748,330 19,533,592 -- 1,407,778 15,525,572 159,687,455 
Fidelity Series Investment Grade Bond Fund 617,537,596 33,483,524 47,482,020 7,633,069 171,300 8,103,564 611,813,964 
Fidelity Series Long-Term Treasury Bond Index Fund 578,556 48,090,615 929,906 188,934 (57,306) (120,879) 47,561,080 
Fidelity Series Real Estate Equity Fund 12,783,544 479,245 1,365,244 100,546 45,659 (117,687) 11,825,517 
Fidelity Series Real Estate Income Fund 12,602,093 567,344 971,316 308,310 69,086 17,045 12,284,252 
Fidelity Series Small Cap Opportunities Fund 64,799,072 5,286,484 6,826,706 116,014 1,176,222 (2,130,601) 62,304,471 
Total $2,556,420,607 $228,273,175 $376,030,889 $13,544,742 $46,044,827 $98,453,344 $2,553,161,064 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,139,506,947) — See accompanying schedule  $2,553,161,064 
Receivable for investments sold  5,797,991 
Receivable for fund shares sold  4,548,647 
Total assets  2,563,507,702 
Liabilities   
Payable for investments purchased $3,633  
Payable for fund shares redeemed 10,349,132  
Accrued management fee 1,311,895  
Distribution and service plan fees payable 516,141  
Total liabilities  12,180,801 
Net Assets  $2,551,326,901 
Net Assets consist of:   
Paid in capital  $2,082,735,119 
Undistributed net investment income  5,210,824 
Accumulated undistributed net realized gain (loss) on investments  49,726,841 
Net unrealized appreciation (depreciation) on investments  413,654,117 
Net Assets  $2,551,326,901 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,279,774,506 ÷ 91,934,501 shares)  $13.92 
Maximum offering price per share (100/94.25 of $13.92)  $14.77 
Class M:   
Net Asset Value and redemption price per share ($390,703,879 ÷ 28,094,216 shares)  $13.91 
Maximum offering price per share (100/96.50 of $13.91)  $14.41 
Class C:   
Net Asset Value and offering price per share ($102,816,804 ÷ 7,458,570 shares)(a)  $13.79 
Class I:   
Net Asset Value, offering price and redemption price per share ($776,885,067 ÷ 55,340,422 shares)  $14.04 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,146,645 ÷ 81,637 shares)  $14.05 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $13,544,742 
Expenses   
Management fee $5,261,917  
Distribution and service plan fees 3,125,482  
Independent trustees' fees and expenses 4,669  
Total expenses before reductions 8,392,068  
Expense reductions (1,678) 8,390,390 
Net investment income (loss)  5,154,352 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 46,044,827  
Capital gain distributions from underlying funds 9,799,116  
Total net realized gain (loss)  55,843,943 
Change in net unrealized appreciation (depreciation) on underlying funds  98,453,344 
Net gain (loss)  154,297,287 
Net increase (decrease) in net assets resulting from operations  $159,451,639 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,154,352 $38,750,307 
Net realized gain (loss) 55,843,943 56,868,315 
Change in net unrealized appreciation (depreciation) 98,453,344 182,559,768 
Net increase (decrease) in net assets resulting from operations 159,451,639 278,178,390 
Distributions to shareholders from net investment income (4,451,144) (38,366,807) 
Distributions to shareholders from net realized gain (39,249,087) (76,567,312) 
Total distributions (43,700,231) (114,934,119) 
Share transactions - net increase (decrease) (120,324,780) (325,620,479) 
Total increase (decrease) in net assets (4,573,372) (162,376,208) 
Net Assets   
Beginning of period 2,555,900,273 2,718,276,481 
End of period $2,551,326,901 $2,555,900,273 
Other Information   
Undistributed net investment income end of period $5,210,824 $4,507,616 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2020 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.31 $12.51 $13.44 $13.54 $13.05 $12.35 
Income from Investment Operations       
Net investment income (loss)A .03 .19 .21 .22 .16 .18 
Net realized and unrealized gain (loss) .81 1.16 (.51) .55 1.04 .78 
Total from investment operations .84 1.35 (.30) .77 1.20 .96 
Distributions from net investment income (.02) (.19) (.21) (.23) (.16) (.18) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.23) (.55) (.63)B (.87) (.71) (.26) 
Net asset value, end of period $13.92 $13.31 $12.51 $13.44 $13.54 $13.05 
Total ReturnC,D,E 6.38% 11.17% (2.35)% 5.82% 9.38% 7.91% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .66%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .66%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .66%H .25% .25% .25% .25% .25% 
Net investment income (loss) .40%H 1.46% 1.62% 1.59% 1.22% 1.44% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,279,775 $1,315,261 $1,442,826 $1,775,399 $1,910,164 $1,944,691 
Portfolio turnover rateF 18%H 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.63 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.411 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.30 $12.51 $13.44 $13.54 $13.05 $12.34 
Income from Investment Operations       
Net investment income (loss)A .01 .15 .18 .18 .13 .15 
Net realized and unrealized gain (loss) .82 1.16 (.52) .55 1.03 .79 
Total from investment operations .83 1.31 (.34) .73 1.16 .94 
Distributions from net investment income (.02) (.16) (.18) (.19) (.13) (.15) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.22)B (.52) (.59) (.83) (.67)C (.23) 
Net asset value, end of period $13.91 $13.30 $12.51 $13.44 $13.54 $13.05 
Total ReturnD,E,F 6.33% 10.81% (2.59)% 5.56% 9.11% 7.72% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .91%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .91%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .91%I .50% .50% .50% .50% .50% 
Net investment income (loss) .15%I 1.21% 1.37% 1.34% .97% 1.19% 
Supplemental Data       
Net assets, end of period (000 omitted) $390,704 $396,330 $394,406 $440,674 $465,828 $430,153 
Portfolio turnover rateG 18%I 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.22 per share is comprised of distributions from net investment income of $.015 and distributions from net realized gain of $.207 per share.

 C Total distributions of $.67 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.549 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.20 $12.42 $13.35 $13.45 $12.97 $12.27 
Income from Investment Operations       
Net investment income (loss)A (.02) .09 .11 .11 .06 .09 
Net realized and unrealized gain (loss) .82 1.15 (.51) .55 1.03 .78 
Total from investment operations .80 1.24 (.40) .66 1.09 .87 
Distributions from net investment income – (.10) (.12) (.12) (.07) (.08) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.54) (.08) 
Total distributions (.21) (.46) (.53) (.76) (.61) (.17)B 
Net asset value, end of period $13.79 $13.20 $12.42 $13.35 $13.45 $12.97 
Total ReturnC,D,E 6.09% 10.26% (3.11)% 5.07% 8.57% 7.13% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.35)%H .71% .87% .84% .47% .69% 
Supplemental Data       
Net assets, end of period (000 omitted) $102,817 $101,268 $105,128 $112,535 $113,194 $102,576 
Portfolio turnover rateF 18%H 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.083 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.41 $12.61 $13.54 $13.63 $13.14 $12.42 
Income from Investment Operations       
Net investment income (loss)A .04 .22 .24 .25 .20 .21 
Net realized and unrealized gain (loss) .83 1.16 (.51) .56 1.03 .80 
Total from investment operations .87 1.38 (.27) .81 1.23 1.01 
Distributions from net investment income (.03) (.22) (.25) (.26) (.19) (.21) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.24) (.58) (.66) (.90) (.74) (.29) 
Net asset value, end of period $14.04 $13.41 $12.61 $13.54 $13.63 $13.14 
Total ReturnB,C 6.56% 11.36% (2.07)% 6.13% 9.58% 8.28% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .41%F - %G - %G - %G - %G - %G 
Expenses net of fee waivers, if any .41%F -% -% -% -% -% 
Expenses net of all reductions .41%F -% -% -% -% -% 
Net investment income (loss) .64%F 1.71% 1.87% 1.84% 1.47% 1.69% 
Supplemental Data       
Net assets, end of period (000 omitted) $776,885 $743,042 $767,908 $836,880 $875,979 $777,288 
Portfolio turnover rateD 18%F 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.62 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .33 
Total from investment operations .43 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.05 
Total ReturnC,D 3.16% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .44%G 
Expenses net of fee waivers, if any .44%G 
Expenses net of all reductions .44%G 
Net investment income (loss) 2.40%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,147 
Portfolio turnover rateE 18%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 20.6 20.8 
Fidelity Advisor Series Growth & Income Fund 8.3 5.8 
Fidelity Series Emerging Markets Fund 7.4 8.2 
Fidelity Series International Growth Fund 6.8 6.8 
Fidelity Series International Value Fund 6.7 6.8 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 5.4 5.5 
Fidelity Advisor Series Equity Value Fund 5.2 8.3 
Fidelity Series Government Money Market Fund 1.09% 5.1 4.8 
Fidelity Advisor Series Equity Growth Fund 4.5 4.7 
Fidelity Advisor Series Opportunistic Insights Fund 4.1 4.4 
 74.1 76.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.2% 
   International Equity Funds 23.2% 
   Bond Funds 26.1% 
   Short-Term Funds 6.6% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 45.7% 
   International Equity Funds 23.4% 
   Bond Funds 24.5% 
   Short-Term Funds 6.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 9,230,329 $134,578,197 
Fidelity Advisor Series Equity Value Fund (a) 11,657,757 156,330,528 
Fidelity Advisor Series Growth & Income Fund (a) 16,589,933 248,517,204 
Fidelity Advisor Series Growth Opportunities Fund (a) 6,603,590 86,705,131 
Fidelity Advisor Series Opportunistic Insights Fund (a) 6,664,625 123,495,499 
Fidelity Advisor Series Small Cap Fund (a) 5,483,913 67,452,129 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 11,917,241 160,525,242 
Fidelity Series 100 Index Fund (a) 4,168,872 69,078,215 
Fidelity Series 1000 Value Index Fund (a) 2,121,686 26,648,377 
Fidelity Series All-Sector Equity Fund (a) 6,947,371 92,886,352 
Fidelity Series Commodity Strategy Fund (a) 11,375,130 59,491,930 
Fidelity Series Real Estate Equity Fund (a) 1,201,647 15,513,264 
Fidelity Series Small Cap Opportunities Fund (a) 5,810,757 81,234,385 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $992,817,465)  1,322,456,453 
International Equity Funds - 23.2%   
Fidelity Series Canada Fund (a) 1,914,407 20,369,286 
Fidelity Series Emerging Markets Fund (a) 10,729,223 221,021,984 
Fidelity Series International Growth Fund (a) 12,726,316 202,221,166 
Fidelity Series International Small Cap Fund (a) 2,709,448 48,526,205 
Fidelity Series International Value Fund (a) 18,727,201 201,691,960 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $511,715,887)  693,830,601 
Bond Funds - 26.1%   
Fidelity Series Emerging Markets Debt Fund (a) 2,073,227 21,685,957 
Fidelity Series Floating Rate High Income Fund (a) 736,531 6,989,680 
Fidelity Series High Income Fund (a) 4,449,109 43,378,816 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,336,089 23,103,919 
Fidelity Series International Credit Fund (a) 149,010 1,497,553 
Fidelity Series Investment Grade Bond Fund (a) 54,507,338 616,477,988 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 6,310,288 55,467,435 
Fidelity Series Real Estate Income Fund (a) 1,272,802 14,217,194 
TOTAL BOND FUNDS   
(Cost $779,878,786)  782,818,542 
Short-Term Funds - 6.6%   
Fidelity Advisor Series Short-Term Credit Fund (a) 4,319,545 43,195,455 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 153,801,309 153,801,309 
TOTAL SHORT-TERM FUNDS   
(Cost $196,963,413)  196,996,764 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,481,375,551)  2,996,102,360 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,215,476) 
NET ASSETS - 100%  $2,993,886,884 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $135,937,851 $3,626,505 $24,440,064 $-- $5,664,848 $13,789,057 $134,578,197 
Fidelity Advisor Series Equity Value Fund 241,941,961 7,040,442 96,520,656(a) 1,984,625 7,733,075 (3,864,294) 156,330,528 
Fidelity Advisor Series Growth & Income Fund 167,651,187 88,460,572(a) 13,957,845 762,518 352,502 6,010,788 248,517,204 
Fidelity Advisor Series Growth Opportunities Fund 89,516,164 2,377,455 16,486,997 -- 2,846,756 8,451,753 86,705,131 
Fidelity Advisor Series Opportunistic Insights Fund 126,356,944 3,373,220 21,995,674 -- 6,843,444 8,917,565 123,495,499 
Fidelity Advisor Series Short-Term Credit Fund 44,613,993 1,683,190 3,191,334 350,555 1,655 87,951 43,195,455 
Fidelity Advisor Series Small Cap Fund 67,276,031 1,899,782 6,912,712 -- 736,912 4,452,116 67,452,129 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 160,603,013 4,976,020 11,547,680 -- 461,895 6,031,994 160,525,242 
Fidelity Series 100 Index Fund 70,010,948 1,863,125 7,821,924 -- 1,568,402 3,457,664 69,078,215 
Fidelity Series 1000 Value Index Fund 26,963,429 725,682 2,208,235 -- 244,791 922,710 26,648,377 
Fidelity Series All-Sector Equity Fund 94,923,840 2,524,215 11,651,300 -- 488,964 6,600,633 92,886,352 
Fidelity Series Canada Fund -- 19,881,011 34,850 -- 39 523,086 20,369,286 
Fidelity Series Commodity Strategy Fund 47,127,023 15,775,852 3,277,069 90,846 (536,985) 403,109 59,491,930 
Fidelity Series Emerging Markets Debt Fund 21,226,584 1,130,275 1,145,879 650,780 6,001 468,976 21,685,957 
Fidelity Series Emerging Markets Fund 236,992,530 6,209,991 57,242,002 -- 7,340,733 27,720,732 221,021,984 
Fidelity Series Floating Rate High Income Fund 7,128,727 360,461 477,448 160,676 (15,369) (6,691) 6,989,680 
Fidelity Series Government Money Market Fund 1.09% 139,740,928 23,156,837 9,096,456 668,011 -- -- 153,801,309 
Fidelity Series High Income Fund 43,229,749 2,387,902 2,864,694 1,189,184 (36,047) 661,906 43,378,816 
Fidelity Series Inflation-Protected Bond Index Fund 23,930,887 652,701 1,527,826 13,395 (18,458) 66,615 23,103,919 
Fidelity Series International Credit Fund -- 1,490,102 -- -- -- 7,451 1,497,553 
Fidelity Series International Growth Fund 197,802,750 5,469,727 27,145,489 -- 5,382,836 20,711,342 202,221,166 
Fidelity Series International Small Cap Fund 44,955,970 1,274,624 5,037,009 -- 994,711 6,337,909 48,526,205 
Fidelity Series International Value Fund 198,365,131 6,238,526 24,232,491 -- 1,199,213 20,121,581 201,691,960 
Fidelity Series Investment Grade Bond Fund 601,868,505 43,792,448 37,296,051 7,573,094 184,555 7,928,531 616,477,988 
Fidelity Series Long-Term Treasury Bond Index Fund 541,162 55,960,498 818,091 222,490 (45,815) (170,319) 55,467,435 
Fidelity Series Real Estate Equity Fund 16,067,822 839,046 1,294,886 129,983 16,662 (115,380) 15,513,264 
Fidelity Series Real Estate Income Fund 14,185,039 836,386 898,958 353,497 (43) 94,770 14,217,194 
Fidelity Series Small Cap Opportunities Fund 81,447,702 7,923,709 6,911,016 150,734 853,903 (2,079,913) 81,234,385 
Total $2,900,405,870 $311,930,304 $396,034,636 $14,300,388 $42,269,180 $137,531,642 $2,996,102,360 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,481,375,551) — See accompanying schedule  $2,996,102,360 
Cash  
Receivable for investments sold  4,328,469 
Receivable for fund shares sold  6,612,818 
Total assets  3,007,043,655 
Liabilities   
Payable for investments purchased $1,453  
Payable for fund shares redeemed 10,940,681  
Accrued management fee 1,639,708  
Distribution and service plan fees payable 574,929  
Total liabilities  13,156,771 
Net Assets  $2,993,886,884 
Net Assets consist of:   
Paid in capital  $2,427,946,368 
Undistributed net investment income  4,347,611 
Accumulated undistributed net realized gain (loss) on investments  46,866,096 
Net unrealized appreciation (depreciation) on investments  514,726,809 
Net Assets  $2,993,886,884 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,496,421,543 ÷ 108,099,888 shares)  $13.84 
Maximum offering price per share (100/94.25 of $13.84)  $14.68 
Class M:   
Net Asset Value and redemption price per share ($433,903,653 ÷ 31,305,935 shares)  $13.86 
Maximum offering price per share (100/96.50 of $13.86)  $14.36 
Class C:   
Net Asset Value and offering price per share ($101,004,554 ÷ 7,412,110 shares)(a)  $13.63 
Class I:   
Net Asset Value, offering price and redemption price per share ($960,465,175 ÷ 68,730,550 shares)  $13.97 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,091,959 ÷ 149,583 shares)  $13.99 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $14,300,388 
Expenses   
Management fee $6,529,719  
Distribution and service plan fees 3,455,773  
Independent trustees' fees and expenses 5,359  
Total expenses before reductions 9,990,851  
Expense reductions (1,905) 9,988,946 
Net investment income (loss)  4,311,442 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 42,269,180  
Capital gain distributions from underlying funds 12,663,784  
Total net realized gain (loss)  54,932,964 
Change in net unrealized appreciation (depreciation) on underlying funds  137,531,642 
Net gain (loss)  192,464,606 
Net increase (decrease) in net assets resulting from operations  $196,776,048 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,311,442 $42,192,800 
Net realized gain (loss) 54,932,964 57,817,454 
Change in net unrealized appreciation (depreciation) 137,531,642 230,075,430 
Net increase (decrease) in net assets resulting from operations 196,776,048 330,085,684 
Distributions to shareholders from net investment income (4,303,944) (41,339,479) 
Distributions to shareholders from net realized gain (41,424,345) (87,305,041) 
Total distributions (45,728,289) (128,644,520) 
Share transactions - net increase (decrease) (56,992,736) (213,146,163) 
Total increase (decrease) in net assets 94,055,023 (11,704,999) 
Net Assets   
Beginning of period 2,899,831,861 2,911,536,860 
End of period $2,993,886,884 $2,899,831,861 
Other Information   
Undistributed net investment income end of period $4,347,611 $4,340,113 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2025 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.16 $12.29 $13.25 $13.33 $12.72 $11.91 
Income from Investment Operations       
Net investment income (loss)A .02 .18 .19 .21 .16 .18 
Net realized and unrealized gain (loss) .87 1.24 (.54) .60 1.26 .88 
Total from investment operations .89 1.42 (.35) .81 1.42 1.06 
Distributions from net investment income (.02) (.18) (.20) (.22) (.16) (.18) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.21) (.55) (.61)B (.89) (.81)C (.25) 
Net asset value, end of period $13.84 $13.16 $12.29 $13.25 $13.33 $12.72 
Total ReturnD,E,F 6.82% 12.00% (2.72)% 6.26% 11.54% 9.00% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .69%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .69%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .69%I .25% .25% .25% .25% .25% 
Net investment income (loss) .28%I 1.43% 1.53% 1.55% 1.25% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,496,422 $1,503,384 $1,543,665 $1,853,121 $1,907,797 $1,806,028 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.419 per share.

 C Total distributions of $.81 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.657 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.18 $12.31 $13.27 $13.35 $12.74 $11.93 
Income from Investment Operations       
Net investment income (loss)A B .15 .16 .17 .13 .15 
Net realized and unrealized gain (loss) .88 1.24 (.54) .61 1.26 .88 
Total from investment operations .88 1.39 (.38) .78 1.39 1.03 
Distributions from net investment income (.01) (.15) (.16) (.19) (.13) (.15) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.20) (.52) (.58) (.86) (.78)C (.22) 
Net asset value, end of period $13.86 $13.18 $12.31 $13.27 $13.35 $12.74 
Total ReturnD,E,F 6.74% 11.70% (2.95)% 6.00% 11.27% 8.74% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .94%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .94%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .94%I .50% .50% .50% .50% .50% 
Net investment income (loss) .03%I 1.18% 1.28% 1.30% 1.00% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $433,904 $418,713 $399,088 $405,224 $387,919 $324,352 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.78 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.657 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.98 $12.14 $13.09 $13.19 $12.60 $11.80 
Income from Investment Operations       
Net investment income (loss)A (.03) .08 .10 .11 .06 .09 
Net realized and unrealized gain (loss) .86 1.23 (.53) .59 1.25 .87 
Total from investment operations .83 1.31 (.43) .70 1.31 .96 
Distributions from net investment income – (.10) (.11) (.12) (.07) (.10) 
Distributions from net realized gain (.18) (.37) (.41) (.67) (.65) (.07) 
Total distributions (.18) (.47) (.52) (.80)B (.72) (.16)C 
Net asset value, end of period $13.63 $12.98 $12.14 $13.09 $13.19 $12.60 
Total ReturnD,E,F 6.48% 11.13% (3.40)% 5.42% 10.71% 8.23% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.47)%I .68% .78% .80% .50% .79% 
Supplemental Data       
Net assets, end of period (000 omitted) $101,005 $97,994 $91,941 $94,878 $89,402 $74,415 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.80 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.672 per share.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.066 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.27 $12.39 $13.35 $13.43 $12.81 $11.99 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .23 .24 .19 .22 
Net realized and unrealized gain (loss) .88 1.26 (.54) .60 1.28 .88 
Total from investment operations .92 1.47 (.31) .84 1.47 1.10 
Distributions from net investment income (.03) (.21) (.23) (.25) (.19) (.21) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.22) (.59)B (.65) (.92) (.85) (.28) 
Net asset value, end of period $13.97 $13.27 $12.39 $13.35 $13.43 $12.81 
Total ReturnC,D 6.98% 12.26% (2.44)% 6.48% 11.81% 9.29% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .44%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .44%G -% -% -% -% -% 
Expenses net of all reductions .44%G -% -% -% -% -% 
Net investment income (loss) .53%G 1.68% 1.78% 1.80% 1.50% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $960,465 $879,740 $870,772 $838,616 $846,372 $686,540 
Portfolio turnover rateF 21%G 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.59 per share is comprised of distributions from net investment income of $.212 and distributions from net realized gain of $.373 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.53 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .34 
Total from investment operations .46 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.99 
Total ReturnC,D 3.40% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G 
Expenses net of fee waivers, if any .45%G 
Expenses net of all reductions .45%G 
Net investment income (loss) 2.88%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,092 
Portfolio turnover rateE 21%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 12.9 12.1 
Fidelity Advisor Series Growth & Income Fund 10.1 7.1 
Fidelity Series Emerging Markets Fund 8.3 9.1 
Fidelity Series International Value Fund 8.2 8.3 
Fidelity Series International Growth Fund 7.9 8.3 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 6.5 6.8 
Fidelity Advisor Series Equity Value Fund 6.4 10.2 
Fidelity Advisor Series Equity Growth Fund 5.5 5.7 
Fidelity Advisor Series Opportunistic Insights Fund 5.0 5.3 
Fidelity Series All-Sector Equity Fund 3.8 4.0 
 74.6 76.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.3% 
   International Equity Funds 27.1% 
   Bond Funds 18.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 55.5% 
   International Equity Funds 27.6% 
   Bond Funds 15.9% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.3%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 11,007,513 $160,489,546 
Fidelity Advisor Series Equity Value Fund (a) 13,882,719 186,167,257 
Fidelity Advisor Series Growth & Income Fund (a) 19,777,585 296,268,226 
Fidelity Advisor Series Growth Opportunities Fund (a) 7,874,916 103,397,641 
Fidelity Advisor Series Opportunistic Insights Fund (a) 7,947,043 147,258,714 
Fidelity Advisor Series Small Cap Fund (a) 6,537,402 80,410,049 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 14,207,575 191,376,029 
Fidelity Series 100 Index Fund (a) 4,971,657 82,380,362 
Fidelity Series 1000 Value Index Fund (a) 2,531,073 31,790,271 
Fidelity Series All-Sector Equity Fund (a) 8,284,374 110,762,078 
Fidelity Series Commodity Strategy Fund (a) 10,434,399 54,571,907 
Fidelity Series Real Estate Equity Fund (a) 1,434,014 18,513,124 
Fidelity Series Small Cap Opportunities Fund (a) 6,930,291 96,885,470 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,182,160,319)  1,560,270,674 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 2,223,658 23,659,719 
Fidelity Series Emerging Markets Fund (a) 11,841,438 243,933,622 
Fidelity Series International Growth Fund (a) 14,561,350 231,379,850 
Fidelity Series International Small Cap Fund (a) 3,147,973 56,380,201 
Fidelity Series International Value Fund (a) 22,122,373 238,257,954 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $595,083,234)  793,611,346 
Bond Funds - 18.6%   
Fidelity Series Emerging Markets Debt Fund (a) 1,983,319 20,745,520 
Fidelity Series Floating Rate High Income Fund (a) 706,350 6,703,259 
Fidelity Series High Income Fund (a) 4,369,838 42,605,919 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,467,768 24,406,227 
Fidelity Series International Credit Fund (a) 146,100 1,468,301 
Fidelity Series Investment Grade Bond Fund (a) 33,289,613 376,505,524 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 6,439,737 56,605,289 
Fidelity Series Real Estate Income Fund (a) 1,223,801 13,669,852 
TOTAL BOND FUNDS   
(Cost $536,824,247)  542,709,891 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 668,725 6,687,250 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 24,054,503 24,054,503 
TOTAL SHORT-TERM FUNDS   
(Cost $30,727,764)  30,741,753 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,344,795,564)  2,927,333,664 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,264,794) 
NET ASSETS - 100%  $2,925,068,870 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $162,260,993 $4,544,918 $29,593,120 $-- $6,862,997 $16,413,758 $160,489,546 
Fidelity Advisor Series Equity Value Fund 287,560,469 8,895,041 114,904,534(a) 2,370,743 8,491,094 (3,874,813) 186,167,257 
Fidelity Advisor Series Growth & Income Fund 199,402,635 108,118,537(a) 18,755,428 909,231 309,198 7,193,284 296,268,226 
Fidelity Advisor Series Growth Opportunities Fund 106,995,666 2,977,951 20,117,021 -- 3,488,835 10,052,210 103,397,641 
Fidelity Advisor Series Opportunistic Insights Fund 150,855,127 4,225,580 26,673,625 -- 5,416,239 13,435,393 147,258,714 
Fidelity Advisor Series Short-Term Credit Fund 6,975,659 285,077 587,646 54,696 960 13,200 6,687,250 
Fidelity Advisor Series Small Cap Fund 80,012,023 2,392,331 8,171,410 -- 830,755 5,346,350 80,410,049 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 190,903,298 6,626,761 13,907,090 -- 652,761 7,100,299 191,376,029 
Fidelity Series 100 Index Fund 83,215,061 2,308,908 9,146,282 -- 1,800,386 4,202,289 82,380,362 
Fidelity Series 1000 Value Index Fund 32,100,022 907,066 2,609,584 -- 269,829 1,122,938 31,790,271 
Fidelity Series All-Sector Equity Fund 112,891,828 3,127,320 13,722,980 -- 586,007 7,879,903 110,762,078 
Fidelity Series Canada Fund -- 22,961,566 45,297 -- 20 743,430 23,659,719 
Fidelity Series Commodity Strategy Fund 44,717,598 13,744,357 3,732,516 83,354 9,458 (166,990) 54,571,907 
Fidelity Series Emerging Markets Debt Fund 20,427,254 1,119,116 1,259,250 625,777 10,189 448,211 20,745,520 
Fidelity Series Emerging Markets Fund 258,234,751 7,137,605 59,998,008 -- 8,116,298 30,442,976 243,933,622 
Fidelity Series Floating Rate High Income Fund 6,888,450 360,802 524,686 155,105 (16,505) (4,802) 6,703,259 
Fidelity Series Government Money Market Fund 1.09% 21,881,352 3,798,894 1,625,743 106,397 -- -- 24,054,503 
Fidelity Series High Income Fund 42,727,356 2,408,987 3,148,121 1,174,796 (45,450) 663,147 42,605,919 
Fidelity Series Inflation-Protected Bond Index Fund 25,360,275 672,428 1,678,984 14,206 (18,639) 71,147 24,406,227 
Fidelity Series International Credit Fund -- 1,460,996 -- -- -- 7,305 1,468,301 
Fidelity Series International Growth Fund 232,884,065 6,699,159 38,810,944 -- 7,487,745 23,119,825 231,379,850 
Fidelity Series International Small Cap Fund 53,210,745 1,564,086 7,027,135 -- 909,565 7,722,940 56,380,201 
Fidelity Series International Value Fund 233,497,432 6,774,029 27,020,698 -- 884,995 24,122,196 238,257,954 
Fidelity Series Investment Grade Bond Fund 340,730,927 55,844,028 24,783,973 4,499,573 (70,961) 4,785,503 376,505,524 
Fidelity Series Long-Term Treasury Bond Index Fund 254,284 57,588,713 979,914 220,714 (30,383) (227,411) 56,605,289 
Fidelity Series Real Estate Equity Fund 19,129,170 1,027,731 1,528,062 155,076 20,940 (136,655) 18,513,124 
Fidelity Series Real Estate Income Fund 13,733,149 831,017 987,619 341,059 19,267 74,038 13,669,852 
Fidelity Series Small Cap Opportunities Fund 96,962,467 9,664,753 8,286,298 179,816 705,223 (2,160,675) 96,885,470 
Total $2,823,812,056 $338,067,757 $439,625,968 $10,890,543 $46,690,823 $158,388,996 $2,927,333,664 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,344,795,564) — See accompanying schedule  $2,927,333,664 
Receivable for investments sold  5,493,355 
Receivable for fund shares sold  4,446,682 
Total assets  2,937,273,701 
Liabilities   
Payable for investments purchased $1,479  
Payable for fund shares redeemed 9,938,301  
Accrued management fee 1,702,758  
Distribution and service plan fees payable 562,293  
Total liabilities  12,204,831 
Net Assets  $2,925,068,870 
Net Assets consist of:   
Paid in capital  $2,291,133,953 
Undistributed net investment income  715,979 
Accumulated undistributed net realized gain (loss) on investments  50,680,838 
Net unrealized appreciation (depreciation) on investments  582,538,100 
Net Assets  $2,925,068,870 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,421,324,664 ÷ 94,818,339 shares)  $14.99 
Maximum offering price per share (100/94.25 of $14.99)  $15.90 
Class M:   
Net Asset Value and redemption price per share ($452,191,365 ÷ 30,317,550 shares)  $14.92 
Maximum offering price per share (100/96.50 of $14.92)  $15.46 
Class C:   
Net Asset Value and offering price per share ($97,147,324 ÷ 6,594,122 shares)(a)  $14.73 
Class I:   
Net Asset Value, offering price and redemption price per share ($951,758,140 ÷ 63,075,998 shares)  $15.09 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,647,377 ÷ 175,333 shares)  $15.10 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $10,890,543 
Expenses   
Management fee $6,795,331  
Distribution and service plan fees 3,376,647  
Independent trustees' fees and expenses 5,236  
Total expenses before reductions 10,177,214  
Expense reductions (1,856) 10,175,358 
Net investment income (loss)  715,185 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 46,690,823  
Capital gain distributions from underlying funds 15,146,307  
Total net realized gain (loss)  61,837,130 
Change in net unrealized appreciation (depreciation) on underlying funds  158,388,996 
Net gain (loss)  220,226,126 
Net increase (decrease) in net assets resulting from operations  $220,941,311 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $715,185 $38,114,325 
Net realized gain (loss) 61,837,130 60,766,692 
Change in net unrealized appreciation (depreciation) 158,388,996 270,994,211 
Net increase (decrease) in net assets resulting from operations 220,941,311 369,875,228 
Distributions to shareholders from net investment income (2,044,157) (37,142,497) 
Distributions to shareholders from net realized gain (46,653,514) (94,852,736) 
Total distributions (48,697,671) (131,995,233) 
Share transactions - net increase (decrease) (70,429,490) (203,746,816) 
Total increase (decrease) in net assets 101,814,150 34,133,179 
Net Assets   
Beginning of period 2,823,254,720 2,789,121,541 
End of period $2,925,068,870 $2,823,254,720 
Other Information   
Undistributed net investment income end of period $715,979 $2,044,951 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2030 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.12 $12.99 $14.13 $14.15 $13.36 $12.48 
Income from Investment Operations       
Net investment income (loss)A B .18 .19 .20 .17 .20 
Net realized and unrealized gain (loss) 1.11 1.57 (.64) .70 1.47 .94 
Total from investment operations 1.11 1.75 (.45) .90 1.64 1.14 
Distributions from net investment income (.01) (.18) (.19) (.21) (.18) (.20) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.24) (.62) (.69) (.92) (.85) (.26) 
Net asset value, end of period $14.99 $14.12 $12.99 $14.13 $14.15 $13.36 
Total ReturnC,D,E 7.97% 14.02% (3.36)% 6.54% 12.60% 9.25% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .72%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .72%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .72%H .25% .25% .25% .25% .25% 
Net investment income (loss) .04%H 1.34% 1.39% 1.42% 1.24% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,421,325 $1,414,388 $1,409,909 $1,704,036 $1,777,132 $1,747,549 
Portfolio turnover rateF 23%H 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.06 $12.94 $14.09 $14.10 $13.32 $12.44 
Income from Investment Operations       
Net investment income (loss)A (.02) .15 .15 .17 .14 .17 
Net realized and unrealized gain (loss) 1.12 1.56 (.64) .71 1.46 .94 
Total from investment operations 1.10 1.71 (.49) .88 1.60 1.11 
Distributions from net investment income B (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.24)C (.59) (.66) (.89) (.82) (.23) 
Net asset value, end of period $14.92 $14.06 $12.94 $14.09 $14.10 $13.32 
Total ReturnD,E,F 7.88% 13.74% (3.67)% 6.37% 12.29% 9.02% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .97%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .97%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .97%I .50% .50% .50% .50% .50% 
Net investment income (loss) (.22)%I 1.09% 1.14% 1.17% .99% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $452,191 $442,505 $423,312 $453,137 $453,944 $387,102 
Portfolio turnover rateG 23%I 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.24 per share is comprised of distributions from net investment income of $.001 and distributions from net realized gain of $.234 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.92 $12.83 $13.97 $14.00 $13.23 $12.37 
Income from Investment Operations       
Net investment income (loss)A (.05) .08 .08 .09 .07 .10 
Net realized and unrealized gain (loss) 1.09 1.55 (.63) .70 1.45 .93 
Total from investment operations 1.04 1.63 (.55) .79 1.52 1.03 
Distributions from net investment income – (.10) (.11) (.12) (.09) (.11) 
Distributions from net realized gain (.23) (.44) (.48) (.70) (.66) (.06) 
Total distributions (.23) (.54) (.59) (.82) (.75) (.17) 
Net asset value, end of period $14.73 $13.92 $12.83 $13.97 $14.00 $13.23 
Total ReturnB,C,D 7.52% 13.21% (4.10)% 5.76% 11.77% 8.39% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.72)%G .59% .64% .67% .49% .83% 
Supplemental Data       
Net assets, end of period (000 omitted) $97,147 $94,517 $87,691 $91,154 $87,867 $75,384 
Portfolio turnover rateE 23%G 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.21 $13.06 $14.21 $14.22 $13.42 $12.54 
Income from Investment Operations       
Net investment income (loss)A .02 .21 .22 .24 .20 .23 
Net realized and unrealized gain (loss) 1.11 1.59 (.65) .71 1.48 .94 
Total from investment operations 1.13 1.80 (.43) .95 1.68 1.17 
Distributions from net investment income (.02) (.21) (.23) (.25) (.21) (.23) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.25) (.65) (.72)B (.96) (.88) (.29) 
Net asset value, end of period $15.09 $14.21 $13.06 $14.21 $14.22 $13.42 
Total ReturnC,D 8.06% 14.38% (3.16)% 6.85% 12.89% 9.47% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .47%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .47%G -% -% -% -% -% 
Expenses net of all reductions .47%G -% -% -% -% -% 
Net investment income (loss) .28%G 1.59% 1.64% 1.67% 1.49% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $951,758 $871,845 $861,408 $919,561 $897,398 $716,715 
Portfolio turnover rateE 23%G 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.72 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.499 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.53 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .45 
Total from investment operations .57 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $15.10 
Total ReturnC,D 3.92% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .47%G 
Expenses net of fee waivers, if any .47%G 
Expenses net of all reductions .47%G 
Net investment income (loss) 2.67%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,647 
Portfolio turnover rateE 23%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.7 8.1 
Fidelity Series Emerging Markets Fund 9.3 10.0 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Series International Value Fund 9.1 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.5 7.7 
Fidelity Advisor Series Equity Value Fund 7.3 11.6 
Fidelity Advisor Series Equity Growth Fund 6.3 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.8 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.5 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 74.6 77.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.2% 
   International Equity Funds 30.6% 
   Bond Funds 7.2% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.1% 
   International Equity Funds 30.9% 
   Bond Funds 5.0% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 10,052,873 $146,570,888 
Fidelity Advisor Series Equity Value Fund (a) 12,680,052 170,039,493 
Fidelity Advisor Series Growth & Income Fund (a) 18,069,834 270,686,119 
Fidelity Advisor Series Growth Opportunities Fund (a) 7,191,087 94,418,974 
Fidelity Advisor Series Opportunistic Insights Fund (a) 7,258,042 134,491,512 
Fidelity Advisor Series Small Cap Fund (a) 5,974,369 73,484,742 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 12,979,601 174,835,224 
Fidelity Series 100 Index Fund (a) 4,539,233 75,215,096 
Fidelity Series 1000 Value Index Fund (a) 2,303,845 28,936,289 
Fidelity Series All-Sector Equity Fund (a) 7,565,297 101,148,020 
Fidelity Series Commodity Strategy Fund (a) 8,486,486 44,384,322 
Fidelity Series Real Estate Equity Fund (a) 1,301,839 16,806,737 
Fidelity Series Small Cap Opportunities Fund (a) 6,332,368 88,526,504 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,084,823,636)  1,419,543,920 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 2,005,012 21,333,325 
Fidelity Series Emerging Markets Fund (a) 10,452,563 215,322,804 
Fidelity Series International Growth Fund (a) 13,338,545 211,949,484 
Fidelity Series International Small Cap Fund (a) 2,837,090 50,812,286 
Fidelity Series International Value Fund (a) 19,610,364 211,203,624 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $537,931,625)  710,621,523 
Bond Funds - 7.2%   
Fidelity Series Emerging Markets Debt Fund (a) 1,535,886 16,065,368 
Fidelity Series Floating Rate High Income Fund (a) 550,066 5,220,122 
Fidelity Series High Income Fund (a) 3,407,939 33,227,409 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,909,402 18,883,981 
Fidelity Series International Credit Fund (a) 115,326 1,159,022 
Fidelity Series Investment Grade Bond Fund (a) 3,389,739 38,337,953 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 4,813,850 42,313,741 
Fidelity Series Real Estate Income Fund (a) 957,050 10,690,243 
TOTAL BOND FUNDS   
(Cost $163,834,455)  165,897,839 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 532,494 5,324,937 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 19,137,450 19,137,450 
TOTAL SHORT-TERM FUNDS   
(Cost $24,451,208)  24,462,387 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,811,040,924)  2,320,525,669 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,862,354) 
NET ASSETS - 100%  $2,318,663,315 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $144,428,250 $4,438,549 $23,256,147 $-- $5,171,419 $15,788,817 $146,570,888 
Fidelity Advisor Series Equity Value Fund 256,602,186 8,487,293 99,287,786(a) 2,139,755 6,507,765 (2,269,965) 170,039,493 
Fidelity Advisor Series Growth & Income Fund 178,291,677 101,362,566(a) 15,733,514 818,511 (28,625) 6,794,015 270,686,119 
Fidelity Advisor Series Growth Opportunities Fund 95,127,138 2,910,572 15,808,930 -- 2,615,857 9,574,337 94,418,974 
Fidelity Advisor Series Opportunistic Insights Fund 134,253,941 4,129,227 20,845,144 -- 3,453,137 13,500,351 134,491,512 
Fidelity Advisor Series Short-Term Credit Fund 5,502,922 238,094 427,204 43,340 624 10,501 5,324,937 
Fidelity Advisor Series Small Cap Fund 71,314,504 2,184,232 5,617,712 -- 445,299 5,158,419 73,484,742 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 170,320,861 9,118,695 11,621,606 -- 83,667 6,933,607 174,835,224 
Fidelity Series 100 Index Fund 73,936,519 2,255,153 6,400,738 -- 1,033,568 4,390,594 75,215,096 
Fidelity Series 1000 Value Index Fund 28,635,554 972,775 1,931,420 -- 108,733 1,150,647 28,936,289 
Fidelity Series All-Sector Equity Fund 100,245,505 3,053,907 9,775,844 -- 411,886 7,212,566 101,148,020 
Fidelity Series Canada Fund -- 20,638,187 44,361 -- 26 739,473 21,333,325 
Fidelity Series Commodity Strategy Fund 34,645,169 12,506,125 2,685,207 67,820 (312,953) 231,188 44,384,322 
Fidelity Series Emerging Markets Debt Fund 15,727,504 900,379 915,446 483,052 3,535 349,396 16,065,368 
Fidelity Series Emerging Markets Fund 219,674,149 6,426,402 43,691,921 -- 5,027,123 27,887,051 215,322,804 
Fidelity Series Floating Rate High Income Fund 5,323,980 294,172 381,434 120,280 (8,166) (8,430) 5,220,122 
Fidelity Series Government Money Market Fund 1.09% 17,248,589 3,067,907 1,179,046 84,057 -- -- 19,137,450 
Fidelity Series High Income Fund 33,080,898 1,955,779 2,288,611 912,421 (30,092) 509,435 33,227,409 
Fidelity Series Inflation-Protected Bond Index Fund 19,497,504 567,408 1,220,576 10,966 (10,450) 50,095 18,883,981 
Fidelity Series International Credit Fund -- 1,153,256 -- -- -- 5,766 1,159,022 
Fidelity Series International Growth Fund 206,512,126 6,512,040 28,314,199 -- 3,600,839 23,638,678 211,949,484 
Fidelity Series International Small Cap Fund 47,185,097 1,517,445 5,587,397 -- 559,576 7,137,565 50,812,286 
Fidelity Series International Value Fund 207,054,156 7,768,011 25,869,846 -- 584,990 21,666,313 211,203,624 
Fidelity Series Investment Grade Bond Fund 26,538,767 13,753,002 2,353,557 418,887 5,011 394,730 38,337,953 
Fidelity Series Long-Term Treasury Bond Index Fund 10,602 43,200,138 715,753 173,077 (1,832) (179,414) 42,313,741 
Fidelity Series Real Estate Equity Fund 17,063,755 1,000,861 1,146,563 139,902 6,611 (117,927) 16,806,737 
Fidelity Series Real Estate Income Fund 10,663,041 673,501 717,894 266,066 92 71,503 10,690,243 
Fidelity Series Small Cap Opportunities Fund 86,495,781 9,178,346 5,819,596 164,366 103,538 (1,431,565) 88,526,504 
Total $2,205,380,175 $270,264,022 $333,637,452 $5,842,500 $29,331,178 $149,187,746 $2,320,525,669 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,811,040,924) — See accompanying schedule  $2,320,525,669 
Cash  
Receivable for investments sold  4,582,236 
Receivable for fund shares sold  5,596,467 
Total assets  2,330,704,381 
Liabilities   
Payable for investments purchased $19,101  
Payable for fund shares redeemed 10,159,555  
Accrued management fee 1,429,883  
Distribution and service plan fees payable 432,527  
Total liabilities  12,041,066 
Net Assets  $2,318,663,315 
Net Assets consist of:   
Paid in capital  $1,775,325,119 
Accumulated net investment loss  (2,431,219) 
Accumulated undistributed net realized gain (loss) on investments  36,284,670 
Net unrealized appreciation (depreciation) on investments  509,484,745 
Net Assets  $2,318,663,315 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,124,006,140 ÷ 77,215,082 shares)  $14.56 
Maximum offering price per share (100/94.25 of $14.56)  $15.45 
Class M:   
Net Asset Value and redemption price per share ($352,164,610 ÷ 24,397,073 shares)  $14.43 
Maximum offering price per share (100/96.50 of $14.43)  $14.95 
Class C:   
Net Asset Value and offering price per share ($65,050,117 ÷ 4,583,915 shares)(a)  $14.19 
Class I:   
Net Asset Value, offering price and redemption price per share ($776,159,200 ÷ 52,915,407 shares)  $14.67 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,283,248 ÷ 87,399 shares)  $14.68 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,842,500 
Expenses   
Management fee $5,684,097  
Distribution and service plan fees 2,586,965  
Independent trustees' fees and expenses 4,105  
Total expenses before reductions 8,275,167  
Expense reductions (1,448) 8,273,719 
Net investment income (loss)  (2,431,219) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 29,331,178  
Capital gain distributions from underlying funds 13,800,626  
Total net realized gain (loss)  43,131,804 
Change in net unrealized appreciation (depreciation) on underlying funds  149,187,746 
Net gain (loss)  192,319,550 
Net increase (decrease) in net assets resulting from operations  $189,888,331 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,431,219) $26,987,601 
Net realized gain (loss) 43,131,804 44,125,571 
Change in net unrealized appreciation (depreciation) 149,187,746 242,801,866 
Net increase (decrease) in net assets resulting from operations 189,888,331 313,915,038 
Distributions to shareholders from net investment income – (26,994,343) 
Distributions to shareholders from net realized gain (37,210,060) (75,983,090) 
Total distributions (37,210,060) (102,977,433) 
Share transactions - net increase (decrease) (38,970,876) (144,664,464) 
Total increase (decrease) in net assets 113,707,395 66,273,141 
Net Assets   
Beginning of period 2,204,955,920 2,138,682,779 
End of period $2,318,663,315 $2,204,955,920 
Other Information   
Accumulated net investment loss end of period $(2,431,219) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2035 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.61 $12.37 $13.51 $13.54 $12.74 $11.80 
Income from Investment Operations       
Net investment income (loss)A (.02) .16 .16 .19 .15 .18 
Net realized and unrealized gain (loss) 1.20 1.68 (.66) .71 1.59 .97 
Total from investment operations 1.18 1.84 (.50) .90 1.74 1.15 
Distributions from net investment income – (.16) (.17) (.19) (.15) (.18) 
Distributions from net realized gain (.23) (.44) (.47) (.73) (.79) (.04) 
Total distributions (.23) (.60) (.64) (.93)B (.94) (.21)C 
Net asset value, end of period $14.56 $13.61 $12.37 $13.51 $13.54 $12.74 
Total ReturnD,E,F 8.76% 15.51% (3.92)% 6.81% 14.15% 9.89% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .75%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.23)%I 1.22% 1.28% 1.36% 1.13% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,124,006 $1,117,175 $1,094,459 $1,313,452 $1,348,500 $1,258,797 
Portfolio turnover rateH 24%I 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.93 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.733 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.036 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.51 $12.29 $13.42 $13.46 $12.68 $11.74 
Income from Investment Operations       
Net investment income (loss)A (.03) .12 .13 .15 .11 .15 
Net realized and unrealized gain (loss) 1.17 1.68 (.65) .71 1.58 .97 
Total from investment operations 1.14 1.80 (.52) .86 1.69 1.12 
Distributions from net investment income – (.14) (.14) (.16) (.12) (.15) 
Distributions from net realized gain (.22) (.44) (.46) (.73) (.79) (.04) 
Total distributions (.22) (.58) (.61)B (.90)C (.91) (.18)D 
Net asset value, end of period $14.43 $13.51 $12.29 $13.42 $13.46 $12.68 
Total ReturnE,F,G 8.53% 15.24% (4.08)% 6.52% 13.81% 9.69% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.00%J .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%J .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%J .50% .50% .50% .50% .50% 
Net investment income (loss) (.49)%J .97% 1.03% 1.11% .88% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $352,165 $336,939 $299,952 $303,711 $276,113 $216,701 
Portfolio turnover rateI 24%J 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.143 and distributions from net realized gain of $.464 per share.

 C Total distributions of $.90 per share is comprised of distributions from net investment income of $.162 and distributions from net realized gain of $.733 per share.

 D Total distributions of $.18 per share is comprised of distributions from net investment income of $.148 and distributions from net realized gain of $.036 per share.

 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 Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of the Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.32 $12.14 $13.27 $13.32 $12.56 $11.65 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .07 .08 .05 .09 
Net realized and unrealized gain (loss) 1.16 1.65 (.65) .70 1.56 .95 
Total from investment operations 1.09 1.71 (.58) .78 1.61 1.04 
Distributions from net investment income – (.09) (.10) (.11) (.07) (.10) 
Distributions from net realized gain (.22) (.44) (.45) (.72) (.78) (.04) 
Total distributions (.22) (.53) (.55) (.83) (.85) (.13)B 
Net asset value, end of period $14.19 $13.32 $12.14 $13.27 $13.32 $12.56 
Total ReturnC,D,E 8.27% 14.69% (4.58)% 6.01% 13.27% 9.04% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.99)%H .47% .53% .61% .38% .79% 
Supplemental Data       
Net assets, end of period (000 omitted) $65,050 $61,581 $54,813 $56,318 $51,931 $43,447 
Portfolio turnover rateG 24%H 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.13 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.036 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.71 $12.45 $13.59 $13.61 $12.80 $11.86 
Income from Investment Operations       
Net investment income (loss)A B .19 .20 .22 .18 .21 
Net realized and unrealized gain (loss) 1.20 1.70 (.67) .72 1.60 .97 
Total from investment operations 1.20 1.89 (.47) .94 1.78 1.18 
Distributions from net investment income – (.19) (.20) (.23) (.18) (.20) 
Distributions from net realized gain (.24) (.44) (.47) (.73) (.79) (.04) 
Total distributions (.24) (.63) (.67) (.96) (.97) (.24) 
Net asset value, end of period $14.67 $13.71 $12.45 $13.59 $13.61 $12.80 
Total ReturnC,D 8.84% 15.79% (3.63)% 7.11% 14.44% 10.10% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .50%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .50%G -% -% -% -% -% 
Expenses net of all reductions .50%G -% -% -% -% -% 
Net investment income (loss) .01%G 1.47% 1.53% 1.61% 1.38% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $776,159 $689,261 $684,976 $710,667 $695,092 $547,049 
Portfolio turnover rateF 24%G 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.07 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .48 
Total from investment operations .61 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.68 
Total ReturnC,D 4.34% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.80%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,283 
Portfolio turnover rateE 24%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.4 9.5 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 75.7 78.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.6% 
   International Equity Funds 31.1% 
   Bond Funds 4.3% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 9,270,224 $135,159,863 
Fidelity Advisor Series Equity Value Fund (a) 11,689,916 156,761,768 
Fidelity Advisor Series Growth & Income Fund (a) 16,664,796 249,638,644 
Fidelity Advisor Series Growth Opportunities Fund (a) 6,629,359 87,043,490 
Fidelity Advisor Series Opportunistic Insights Fund (a) 6,692,370 124,009,617 
Fidelity Advisor Series Small Cap Fund (a) 5,509,316 67,764,589 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 11,969,808 161,233,308 
Fidelity Series 100 Index Fund (a) 4,184,107 69,330,654 
Fidelity Series 1000 Value Index Fund (a) 2,122,316 26,656,285 
Fidelity Series All-Sector Equity Fund (a) 6,974,655 93,251,137 
Fidelity Series Commodity Strategy Fund (a) 7,859,868 41,107,111 
Fidelity Series Real Estate Equity Fund (a) 1,198,319 15,470,301 
Fidelity Series Small Cap Opportunities Fund (a) 5,840,532 81,650,631 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,001,184,492)  1,309,077,398 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 1,847,607 19,658,535 
Fidelity Series Emerging Markets Fund (a) 9,740,209 200,648,310 
Fidelity Series International Growth Fund (a) 12,118,228 192,558,647 
Fidelity Series International Small Cap Fund (a) 2,612,721 46,793,839 
Fidelity Series International Value Fund (a) 18,274,709 196,818,621 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $494,283,162)  656,477,952 
Bond Funds - 5.8%   
Fidelity Series Emerging Markets Debt Fund (a) 1,397,467 14,617,502 
Fidelity Series Floating Rate High Income Fund (a) 499,225 4,737,643 
Fidelity Series High Income Fund (a) 3,119,473 30,414,857 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,745,700 17,264,974 
Fidelity Series International Credit Fund (a) 105,033 1,055,577 
Fidelity Series Investment Grade Bond Fund (a) 884,081 9,998,955 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 3,862,666 33,952,839 
Fidelity Series Real Estate Income Fund (a) 870,169 9,719,784 
TOTAL BOND FUNDS   
(Cost $120,618,463)  121,762,131 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 493,345 4,933,449 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 17,152,793 17,152,793 
TOTAL SHORT-TERM FUNDS   
(Cost $22,075,921)  22,086,242 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,638,162,038)  2,109,403,723 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,710,144) 
NET ASSETS - 100%  $2,107,693,579 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $133,478,332 $3,869,505 $21,558,617 $-- $4,909,650 $14,460,993 $135,159,863 
Fidelity Advisor Series Equity Value Fund 237,148,200 7,375,740 91,666,225(a) 1,981,276 6,369,258 (2,465,205) 156,761,768 
Fidelity Advisor Series Growth & Income Fund 164,302,713 95,341,042(a) 16,172,144 753,414 32,586 6,134,447 249,638,644 
Fidelity Advisor Series Growth Opportunities Fund 87,924,291 2,526,854 14,673,889 -- 2,473,001 8,793,233 87,043,490 
Fidelity Advisor Series Opportunistic Insights Fund 124,077,560 3,598,659 19,330,951 -- 2,974,521 12,689,828 124,009,617 
Fidelity Advisor Series Short-Term Credit Fund 5,143,136 212,706 432,856 40,323 748 9,715 4,933,449 
Fidelity Advisor Series Small Cap Fund 65,935,430 1,932,869 5,271,318 -- 403,482 4,764,126 67,764,589 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 157,424,474 9,222,244 11,864,660 -- 161,431 6,289,819 161,233,308 
Fidelity Series 100 Index Fund 68,211,706 2,013,988 5,903,262 -- 1,005,092 4,003,130 69,330,654 
Fidelity Series 1000 Value Index Fund 26,459,062 1,016,773 1,976,227 -- 109,844 1,046,833 26,656,285 
Fidelity Series All-Sector Equity Fund 92,541,193 2,691,632 9,021,774 -- 507,966 6,532,120 93,251,137 
Fidelity Series Canada Fund -- 19,006,895 23,646 -- 33 675,253 19,658,535 
Fidelity Series Commodity Strategy Fund 31,835,227 12,129,184 2,793,193 62,730 (468,183) 404,076 41,107,111 
Fidelity Series Emerging Markets Debt Fund 14,411,820 810,579 927,561 441,211 6,979 315,685 14,617,502 
Fidelity Series Emerging Markets Fund 202,031,324 5,972,402 37,585,228 -- 4,276,852 25,952,960 200,648,310 
Fidelity Series Floating Rate High Income Fund 4,875,701 263,604 386,482 109,703 (10,775) (4,405) 4,737,643 
Fidelity Series Government Money Market Fund 1.09% 16,126,078 2,261,163 1,234,448 76,437 -- -- 17,152,793 
Fidelity Series High Income Fund 30,531,642 1,762,429 2,318,898 838,984 (35,683) 475,367 30,414,857 
Fidelity Series Inflation-Protected Bond Index Fund 17,962,427 502,536 1,236,721 10,057 (13,398) 50,130 17,264,974 
Fidelity Series International Credit Fund -- 1,050,325 -- -- -- 5,252 1,055,577 
Fidelity Series International Growth Fund 190,717,418 5,858,824 29,113,956 -- 5,226,358 19,870,003 192,558,647 
Fidelity Series International Small Cap Fund 43,576,472 1,362,972 5,237,218 -- 577,667 6,513,946 46,793,839 
Fidelity Series International Value Fund 191,221,028 7,800,512 22,736,149 -- 942,111 19,591,119 196,818,621 
Fidelity Series Investment Grade Bond Fund 8,909,130 1,890,624 923,523 121,148 1,048 121,676 9,998,955 
Fidelity Series Long-Term Treasury Bond Index Fund 9,530 35,273,228 1,174,888 150,633 (7,108) (147,923) 33,952,839 
Fidelity Series Real Estate Equity Fund 15,766,650 971,370 1,165,060 128,876 6,548 (109,207) 15,470,301 
Fidelity Series Real Estate Income Fund 9,775,563 605,214 727,386 242,564 (1,478) 67,871 9,719,784 
Fidelity Series Small Cap Opportunities Fund 79,919,247 8,912,397 5,945,362 151,406 105,104 (1,340,755) 81,650,631 
Total $2,020,315,354 $236,236,270 $311,401,642 $5,108,762 $29,553,654 $134,700,087 $2,109,403,723 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,638,162,038) — See accompanying schedule  $2,109,403,723 
Cash  
Receivable for investments sold  2,327,506 
Receivable for fund shares sold  3,000,577 
Total assets  2,114,731,813 
Liabilities   
Payable for investments purchased $5,230  
Payable for fund shares redeemed 5,322,828  
Accrued management fee 1,299,179  
Distribution and service plan fees payable 410,997  
Total liabilities  7,038,234 
Net Assets  $2,107,693,579 
Net Assets consist of:   
Paid in capital  $1,603,533,608 
Accumulated net investment loss  (2,530,293) 
Accumulated undistributed net realized gain (loss) on investments  35,448,579 
Net unrealized appreciation (depreciation) on investments  471,241,685 
Net Assets  $2,107,693,579 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($969,830,766 ÷ 62,213,383 shares)  $15.59 
Maximum offering price per share (100/94.25 of $15.59)  $16.54 
Class M:   
Net Asset Value and redemption price per share ($339,291,043 ÷ 21,863,464 shares)  $15.52 
Maximum offering price per share (100/96.50 of $15.52)  $16.08 
Class C:   
Net Asset Value and offering price per share ($84,680,708 ÷ 5,562,734 shares)(a)  $15.22 
Class I:   
Net Asset Value, offering price and redemption price per share ($712,976,609 ÷ 45,433,985 shares)  $15.69 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($914,453 ÷ 58,238 shares)  $15.70 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,108,762 
Expenses   
Management fee $5,182,025  
Distribution and service plan fees 2,454,603  
Independent trustees' fees and expenses 3,753  
Total expenses before reductions 7,640,381  
Expense reductions (1,326) 7,639,055 
Net investment income (loss)  (2,530,293) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 29,553,654  
Capital gain distributions from underlying funds 12,756,661  
Total net realized gain (loss)  42,310,315 
Change in net unrealized appreciation (depreciation) on underlying funds  134,700,087 
Net gain (loss)  177,010,402 
Net increase (decrease) in net assets resulting from operations  $174,480,109 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,530,293) $24,644,915 
Net realized gain (loss) 42,310,315 40,972,527 
Change in net unrealized appreciation (depreciation) 134,700,087 222,910,520 
Net increase (decrease) in net assets resulting from operations 174,480,109 288,527,962 
Distributions to shareholders from net investment income – (24,918,914) 
Distributions to shareholders from net realized gain (33,960,153) (71,552,200) 
Total distributions (33,960,153) (96,471,114) 
Share transactions - net increase (decrease) (52,630,755) (141,397,501) 
Total increase (decrease) in net assets 87,889,201 50,659,347 
Net Assets   
Beginning of period 2,019,804,378 1,969,145,031 
End of period $2,107,693,579 $2,019,804,378 
Other Information   
Accumulated net investment loss end of period $(2,530,293) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2040 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.57 $13.25 $14.49 $14.51 $13.61 $12.60 
Income from Investment Operations       
Net investment income (loss)A (.02) .17 .17 .20 .15 .19 
Net realized and unrealized gain (loss) 1.28 1.80 (.69) .76 1.74 1.05 
Total from investment operations 1.26 1.97 (.52) .96 1.89 1.24 
Distributions from net investment income – (.17) (.18) (.21) (.16) (.19) 
Distributions from net realized gain (.24) (.48) (.54) (.77) (.83) (.04) 
Total distributions (.24) (.65) (.72) (.98) (.99) (.23) 
Net asset value, end of period $15.59 $14.57 $13.25 $14.49 $14.51 $13.61 
Total ReturnB,C,D 8.77% 15.53% (3.82)% 6.76% 14.37% 9.94% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%G .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%G .25% .25% .25% .25% .25% 
Net investment income (loss) (.25)%G 1.22% 1.27% 1.35% 1.10% 1.53% 
Supplemental Data       
Net assets, end of period (000 omitted) $969,831 $965,401 $950,816 $1,154,277 $1,195,641 $1,133,722 
Portfolio turnover rateE 23%G 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.52 $13.21 $14.45 $14.47 $13.58 $12.57 
Income from Investment Operations       
Net investment income (loss)A (.04) .13 .14 .16 .12 .16 
Net realized and unrealized gain (loss) 1.28 1.81 (.70) .76 1.73 1.04 
Total from investment operations 1.24 1.94 (.56) .92 1.85 1.20 
Distributions from net investment income – (.15) (.15) (.17) (.13) (.16) 
Distributions from net realized gain (.24) (.48) (.53) (.77) (.83) (.04) 
Total distributions (.24) (.63) (.68) (.94) (.96) (.19)B 
Net asset value, end of period $15.52 $14.52 $13.21 $14.45 $14.47 $13.58 
Total ReturnC,D,E 8.62% 15.26% (4.07)% 6.51% 14.06% 9.69% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%H .97% 1.02% 1.10% .85% 1.28% 
Supplemental Data       
Net assets, end of period (000 omitted) $339,291 $324,990 $310,107 $333,069 $341,608 $288,886 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.19 per share is comprised of distributions from net investment income of $.156 and distributions from net realized gain of $.037 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.28 $13.02 $14.27 $14.30 $13.43 $12.45 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .07 .09 .05 .10 
Net realized and unrealized gain (loss) 1.25 1.78 (.70) .75 1.71 1.02 
Total from investment operations 1.18 1.84 (.63) .84 1.76 1.12 
Distributions from net investment income – (.10) (.10) (.12) (.07) (.11) 
Distributions from net realized gain (.24) (.48) (.52) (.75) (.82) (.04) 
Total distributions (.24) (.58) (.62) (.87) (.89) (.14)B 
Net asset value, end of period $15.22 $14.28 $13.02 $14.27 $14.30 $13.43 
Total ReturnC,D,E 8.34% 14.70% (4.63)% 6.01% 13.57% 9.09% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%H .48% .52% .60% .35% .78% 
Supplemental Data       
Net assets, end of period (000 omitted) $84,681 $79,480 $73,036 $77,130 $72,247 $62,893 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.14 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.037 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.65 $13.32 $14.57 $14.59 $13.67 $12.65 
Income from Investment Operations       
Net investment income (loss)A B .20 .21 .23 .19 .23 
Net realized and unrealized gain (loss) 1.29 1.82 (.71) .76 1.75 1.05 
Total from investment operations 1.29 2.02 (.50) .99 1.94 1.28 
Distributions from net investment income – (.20) (.22) (.24) (.19) (.22) 
Distributions from net realized gain (.25) (.49) (.54) (.77) (.83) (.04) 
Total distributions (.25) (.69) (.75)C (1.01) (1.02) (.26) 
Net asset value, end of period $15.69 $14.65 $13.32 $14.57 $14.59 $13.67 
Total ReturnD,E 8.93% 15.82% (3.62)% 6.99% 14.73% 10.24% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.01)%H 1.47% 1.52% 1.60% 1.35% 1.78% 
Supplemental Data       
Net assets, end of period (000 omitted) $712,977 $649,934 $629,599 $688,278 $664,689 $508,363 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.75 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $.535 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.04 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .53 
Total from investment operations .66 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $15.70 
Total ReturnC,D 4.39% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.59%G 
Supplemental Data  
Net assets, end of period (000 omitted) $914 
Portfolio turnover rateE 23%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.7 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) *  (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 5,654,821 $82,447,284 
Fidelity Advisor Series Equity Value Fund (a) 7,134,265 95,670,492 
Fidelity Advisor Series Growth & Income Fund (a) 10,166,759 152,298,045 
Fidelity Advisor Series Growth Opportunities Fund (a) 4,044,796 53,108,173 
Fidelity Advisor Series Opportunistic Insights Fund (a) 4,082,075 75,640,856 
Fidelity Advisor Series Small Cap Fund (a) 3,360,977 41,340,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 7,302,816 98,368,933 
Fidelity Series 100 Index Fund (a) 2,553,022 42,303,580 
Fidelity Series 1000 Value Index Fund (a) 1,296,295 16,281,470 
Fidelity Series All-Sector Equity Fund (a) 4,254,381 56,881,071 
Fidelity Series Commodity Strategy Fund (a) 4,838,932 25,307,615 
Fidelity Series Real Estate Equity Fund (a) 732,513 9,456,742 
Fidelity Series Small Cap Opportunities Fund (a) 3,562,830 49,808,365 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $620,706,314)  798,912,640 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 1,126,515 11,986,122 
Fidelity Series Emerging Markets Fund (a) 5,944,311 122,452,816 
Fidelity Series International Growth Fund (a) 7,466,398 118,641,069 
Fidelity Series International Small Cap Fund (a) 1,594,212 28,552,339 
Fidelity Series International Value Fund (a) 11,024,744 118,736,488 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $309,834,315)  400,368,834 
Bond Funds - 5.8%   
Fidelity Series Emerging Markets Debt Fund (a) 842,597 8,813,564 
Fidelity Series Floating Rate High Income Fund (a) 305,303 2,897,327 
Fidelity Series High Income Fund (a) 1,883,694 18,366,016 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,050,801 10,392,423 
Fidelity Series International Credit Fund (a) 63,279 635,956 
Fidelity Series Investment Grade Bond Fund (a) 539,512 6,101,880 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,364,009 20,779,640 
Fidelity Series Real Estate Income Fund (a) 526,866 5,885,090 
TOTAL BOND FUNDS   
(Cost $72,902,749)  73,871,896 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 298,992 2,989,924 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 10,491,626 10,491,626 
TOTAL SHORT-TERM FUNDS   
(Cost $13,475,313)  13,481,550 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,016,918,691)  1,286,634,920 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,014,517) 
NET ASSETS - 100%  $1,285,620,403 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $78,675,858 $3,907,533 $11,728,636 $-- $2,158,799 $9,433,730 $82,447,284 
Fidelity Advisor Series Equity Value Fund 139,788,643 6,433,299 52,926,480(a) 1,183,319 3,386,952 (1,011,922) 95,670,492 
Fidelity Advisor Series Growth & Income Fund 96,846,527 59,615,325(a) 7,896,543 453,408 (56,602) 3,789,338 152,298,045 
Fidelity Advisor Series Growth Opportunities Fund 51,821,990 2,519,041 7,967,662 -- 1,105,653 5,629,151 53,108,173 
Fidelity Advisor Series Opportunistic Insights Fund 73,134,052 3,634,170 10,495,815 -- 1,257,494 8,110,955 75,640,856 
Fidelity Advisor Series Short-Term Credit Fund 2,997,726 194,756 208,632 23,999 184 5,890 2,989,924 
Fidelity Advisor Series Small Cap Fund 38,859,402 1,952,012 2,592,528 -- 41,209 3,079,919 41,340,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 92,791,862 7,421,058 5,756,793 -- 15,484 3,897,322 98,368,933 
Fidelity Series 100 Index Fund 40,211,687 2,015,895 2,935,292 -- 267,726 2,743,564 42,303,580 
Fidelity Series 1000 Value Index Fund 15,597,403 942,561 958,841 -- 2,393 697,954 16,281,470 
Fidelity Series All-Sector Equity Fund 54,552,620 2,683,292 4,581,855 -- 123,178 4,103,836 56,881,071 
Fidelity Series Canada Fund -- 11,583,179 4,442 -- (6) 407,391 11,986,122 
Fidelity Series Commodity Strategy Fund 19,462,589 7,257,167 1,366,181 38,475 (35,489) (10,471) 25,307,615 
Fidelity Series Emerging Markets Debt Fund 8,441,336 628,184 447,074 262,253 2,858 188,260 8,813,564 
Fidelity Series Emerging Markets Fund 119,033,906 5,685,817 20,358,838 -- 1,939,580 16,152,351 122,452,816 
Fidelity Series Floating Rate High Income Fund 2,874,378 218,355 186,281 65,855 (101) (9,024) 2,897,327 
Fidelity Series Government Money Market Fund 1.09% 9,394,039 1,683,169 585,582 45,909 -- -- 10,491,626 
Fidelity Series High Income Fund 17,809,902 1,412,785 1,117,683 498,017 (3,664) 264,676 18,366,016 
Fidelity Series Inflation-Protected Bond Index Fund 10,473,212 493,853 596,088 5,984 (2,922) 24,368 10,392,423 
Fidelity Series International Credit Fund -- 632,792 -- -- -- 3,164 635,956 
Fidelity Series International Growth Fund 112,427,130 5,741,666 14,514,736 -- 1,125,536 13,861,473 118,641,069 
Fidelity Series International Small Cap Fund 25,677,674 1,339,908 2,702,370 -- 197,193 4,039,934 28,552,339 
Fidelity Series International Value Fund 112,714,207 6,842,189 13,109,247 -- 419,748 11,869,591 118,736,488 
Fidelity Series Investment Grade Bond Fund 5,242,976 1,255,763 469,711 72,725 835 72,017 6,101,880 
Fidelity Series Long-Term Treasury Bond Index Fund 5,686 21,454,398 584,319 91,015 (3,934) (92,191) 20,779,640 
Fidelity Series Real Estate Equity Fund 9,294,425 793,191 565,406 77,747 2,006 (67,474) 9,456,742 
Fidelity Series Real Estate Income Fund 5,722,145 475,801 350,807 144,949 728 37,223 5,885,090 
Fidelity Series Small Cap Opportunities Fund 47,112,893 6,328,108 2,884,466 92,022 (4,646) (743,524) 49,808,365 
Total $1,190,964,268 $165,145,267 $167,892,308 $3,055,677 $11,940,192 $86,477,501 $1,286,634,920 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,016,918,691) — See accompanying schedule  $1,286,634,920 
Cash  
Receivable for investments sold  438,881 
Receivable for fund shares sold  2,933,318 
Total assets  1,290,007,120 
Liabilities   
Payable for investments purchased $2,907  
Payable for fund shares redeemed 3,369,334  
Accrued management fee 789,110  
Distribution and service plan fees payable 225,366  
Total liabilities  4,386,717 
Net Assets  $1,285,620,403 
Net Assets consist of:   
Paid in capital  $1,003,351,643 
Accumulated net investment loss  (1,406,323) 
Accumulated undistributed net realized gain (loss) on investments  13,958,854 
Net unrealized appreciation (depreciation) on investments  269,716,229 
Net Assets  $1,285,620,403 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($574,034,583 ÷ 47,573,608 shares)  $12.07 
Maximum offering price per share (100/94.25 of $12.07)  $12.81 
Class M:   
Net Asset Value and redemption price per share ($201,540,863 ÷ 16,830,621 shares)  $11.97 
Maximum offering price per share (100/96.50 of $11.97)  $12.40 
Class C:   
Net Asset Value and offering price per share ($29,723,117 ÷ 2,513,425 shares)(a)  $11.83 
Class I:   
Net Asset Value, offering price and redemption price per share ($479,645,979 ÷ 39,479,136 shares)  $12.15 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($675,861 ÷ 55,568 shares)  $12.16 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $3,055,677 
Expenses   
Management fee $3,123,896  
Distribution and service plan fees 1,336,648  
Independent trustees' fees and expenses 2,238  
Total expenses before reductions 4,462,782  
Expense reductions (782) 4,462,000 
Net investment income (loss)  (1,406,323) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 11,940,192  
Capital gain distributions from underlying funds 7,724,375  
Total net realized gain (loss)  19,664,567 
Change in net unrealized appreciation (depreciation) on underlying funds  86,477,501 
Net gain (loss)  106,142,068 
Net increase (decrease) in net assets resulting from operations  $104,735,745 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,406,323) $14,469,103 
Net realized gain (loss) 19,664,567 21,975,953 
Change in net unrealized appreciation (depreciation) 86,477,501 130,631,830 
Net increase (decrease) in net assets resulting from operations 104,735,745 167,076,886 
Distributions to shareholders from net investment income – (14,531,898) 
Distributions to shareholders from net realized gain (18,793,789) (39,042,045) 
Total distributions (18,793,789) (53,573,943) 
Share transactions - net increase (decrease) 8,930,779 (28,198,870) 
Total increase (decrease) in net assets 94,872,735 85,304,073 
Net Assets   
Beginning of period 1,190,747,668 1,105,443,595 
End of period $1,285,620,403 $1,190,747,668 
Other Information   
Accumulated net investment loss end of period $(1,406,323) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2045 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.26 $10.23 $11.15 $11.31 $10.46 $9.79 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .13 .15 .12 .16 
Net realized and unrealized gain (loss) 1.01 1.39 (.54) .59 1.39 .81 
Total from investment operations .99 1.52 (.41) .74 1.51 .97 
Distributions from net investment income – (.13) (.14) (.16) (.12) (.15) 
Distributions from net realized gain (.18) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.18) (.49) (.51) (.90) (.66) (.30) 
Net asset value, end of period $12.07 $11.26 $10.23 $11.15 $11.31 $10.46 
Total ReturnB,C,D 8.84% 15.50% (3.85)% 6.80% 14.74% 10.21% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%G .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%G .25% .25% .25% .25% .25% 
Net investment income (loss) (.26)%G 1.22% 1.27% 1.37% 1.12% 1.59% 
Supplemental Data       
Net assets, end of period (000 omitted) $574,035 $556,090 $531,510 $623,734 $612,735 $527,525 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.19 $10.17 $11.09 $11.26 $10.42 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.03) .10 .11 .13 .09 .13 
Net realized and unrealized gain (loss) .98 1.39 (.54) .57 1.39 .82 
Total from investment operations .95 1.49 (.43) .70 1.48 .95 
Distributions from net investment income – (.11) (.12) (.13) (.10) (.12) 
Distributions from net realized gain (.17) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.17) (.47) (.49) (.87) (.64) (.28)B 
Net asset value, end of period $11.97 $11.19 $10.17 $11.09 $11.26 $10.42 
Total ReturnC,D,E 8.58% 15.29% (4.10)% 6.50% 14.45% 10.02% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%H .97% 1.02% 1.12% .87% 1.34% 
Supplemental Data       
Net assets, end of period (000 omitted) $201,541 $186,200 $158,557 $153,677 $128,619 $92,998 
Portfolio turnover rateG 27%H 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.28 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.153 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.08 $10.09 $11.01 $11.19 $10.36 $9.71 
Income from Investment Operations       
Net investment income (loss)A (.06) .05 .05 .07 .04 .08 
Net realized and unrealized gain (loss) .98 1.38 (.53) .57 1.38 .81 
Total from investment operations .92 1.43 (.48) .64 1.42 .89 
Distributions from net investment income – (.08) (.08) (.09) (.06) (.09) 
Distributions from net realized gain (.17) (.36) (.36) (.73) (.53) (.15) 
Total distributions (.17) (.44) (.44) (.82) (.59) (.24) 
Net asset value, end of period $11.83 $11.08 $10.09 $11.01 $11.19 $10.36 
Total ReturnB,C,D 8.39% 14.71% (4.59)% 5.95% 13.95% 9.42% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%G .47% .53% .62% .37% .84% 
Supplemental Data       
Net assets, end of period (000 omitted) $29,723 $27,491 $23,423 $22,493 $18,457 $13,415 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.33 $10.28 $11.21 $11.37 $10.50 $9.83 
Income from Investment Operations       
Net investment income (loss)A B .16 .16 .18 .15 .18 
Net realized and unrealized gain (loss) 1.00 1.40 (.55) .59 1.41 .81 
Total from investment operations 1.00 1.56 (.39) .77 1.56 .99 
Distributions from net investment income – (.15) (.17) (.19) (.15) (.17) 
Distributions from net realized gain (.18) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.18) (.51) (.54) (.93) (.69) (.32) 
Net asset value, end of period $12.15 $11.33 $10.28 $11.21 $11.37 $10.50 
Total ReturnC,D 8.94% 15.83% (3.66)% 7.03% 15.14% 10.43% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .50%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .50%G -% -% -% -% -% 
Expenses net of all reductions .50%G -% -% -% -% -% 
Net investment income (loss) (.01)%G 1.47% 1.52% 1.62% 1.37% 1.84% 
Supplemental Data       
Net assets, end of period (000 omitted) $479,646 $420,967 $390,675 $400,667 $378,776 $269,633 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .41 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.16 
Total ReturnC,D 4.38% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.74%G 
Supplemental Data  
Net assets, end of period (000 omitted) $676 
Portfolio turnover rateE 27%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.9 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 75.8 78.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) *  (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 4,461,014 $65,041,577 
Fidelity Advisor Series Equity Value Fund (a) 5,627,772 75,468,422 
Fidelity Advisor Series Growth & Income Fund (a) 8,019,518 120,132,388 
Fidelity Advisor Series Growth Opportunities Fund(a) 3,189,576 41,879,127 
Fidelity Advisor Series Opportunistic Insights Fund (a) 3,221,219 59,689,185 
Fidelity Advisor Series Small Cap Fund (a) 2,653,493 32,637,959 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 5,760,145 77,589,159 
Fidelity Series 100 Index Fund (a) 2,014,461 33,379,612 
Fidelity Series 1000 Value Index Fund (a) 1,022,498 12,842,580 
Fidelity Series All-Sector Equity Fund (a) 3,355,756 44,866,459 
Fidelity Series Commodity Strategy Fund (a) 3,816,702 19,961,351 
Fidelity Series Real Estate Equity Fund (a) 577,757 7,458,840 
Fidelity Series Small Cap Opportunities Fund (a) 2,810,687 39,293,400 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $491,084,701)  630,240,059 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 888,323 9,451,755 
Fidelity Series Emerging Markets Fund (a) 4,690,141 96,616,896 
Fidelity Series International Growth Fund (a) 5,830,354 92,644,319 
Fidelity Series International Small Cap Fund (a) 1,257,720 22,525,766 
Fidelity Series International Value Fund (a) 8,783,277 94,595,896 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $244,977,338)  315,834,632 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 663,188 6,936,950 
Fidelity Series Floating Rate High Income Fund (a) 241,134 2,288,363 
Fidelity Series High Income Fund (a) 1,478,860 14,418,884 
Fidelity Series Inflation-Protected Bond Index Fund (a) 821,230 8,121,969 
Fidelity Series International Credit Fund (a) 49,731 499,793 
Fidelity Series Investment Grade Bond Fund (a) 425,558 4,813,066 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,867,602 16,416,221 
Fidelity Series Real Estate Income Fund (a) 415,258 4,638,429 
TOTAL BOND FUNDS   
(Cost $57,617,940)  58,133,675 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 233,351 2,333,514 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 8,319,678 8,319,678 
TOTAL SHORT-TERM FUNDS   
(Cost $10,648,389)  10,653,192 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $804,328,368)  1,014,861,558 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (798,900) 
NET ASSETS - 100%  $1,014,062,658 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $61,424,250 $3,716,057 $9,183,409 $-- $1,417,243 $7,667,436 $65,041,577 
Fidelity Advisor Series Equity Value Fund 109,137,178 5,806,060 41,347,823(a) 925,737 2,651,802 (778,795) 75,468,422 
Fidelity Advisor Series Growth & Income Fund 75,610,979 47,701,164(a) 6,131,699 355,871 (41,129) 2,993,073 120,132,388 
Fidelity Advisor Series Growth Opportunities Fund 40,458,803 2,411,545 6,269,580 -- 756,146 4,522,213 41,879,127 
Fidelity Advisor Series Opportunistic Insights Fund 57,097,662 3,456,125 8,206,167 -- 846,852 6,494,713 59,689,185 
Fidelity Advisor Series Short-Term Credit Fund 2,311,972 180,639 163,768 18,605 121 4,550 2,333,514 
Fidelity Advisor Series Small Cap Fund 30,339,120 1,856,392 2,016,015 -- 27,415 2,431,047 32,637,959 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 72,445,784 6,581,884 4,522,869 -- 22,881 3,061,479 77,589,159 
Fidelity Series 100 Index Fund 31,401,616 1,916,163 2,303,348 -- 105,431 2,259,750 33,379,612 
Fidelity Series 1000 Value Index Fund 12,177,297 866,921 753,381 -- 1,149 550,594 12,842,580 
Fidelity Series All-Sector Equity Fund 42,590,508 2,568,770 3,610,416 -- 101,754 3,215,843 44,866,459 
Fidelity Series Canada Fund -- 9,142,648 12,076 -- (11) 321,194 9,451,755 
Fidelity Series Commodity Strategy Fund 15,435,424 5,632,095 1,065,594 30,363 (22,372) (18,202) 19,961,351 
Fidelity Series Emerging Markets Debt Fund 6,585,766 552,617 350,934 205,431 1,887 147,614 6,936,950 
Fidelity Series Emerging Markets Fund 92,941,824 5,469,747 15,977,440 -- 1,454,154 12,728,611 96,616,896 
Fidelity Series Floating Rate High Income Fund 2,245,372 196,397 146,225 51,722 (143) (7,038) 2,288,363 
Fidelity Series Government Money Market Fund 1.09% 7,236,366 1,546,991 463,679 36,043 -- -- 8,319,678 
Fidelity Series High Income Fund 13,835,614 1,256,659 877,333 388,684 3,961 199,983 14,418,884 
Fidelity Series Inflation-Protected Bond Index Fund 8,105,743 467,574 467,904 4,660 (161) 16,717 8,121,969 
Fidelity Series International Credit Fund -- 497,306 -- -- -- 2,487 499,793 
Fidelity Series International Growth Fund 87,773,342 5,424,784 12,285,989 -- 858,218 10,873,964 92,644,319 
Fidelity Series International Small Cap Fund 20,040,723 1,278,304 2,108,462 -- 134,143 3,181,058 22,525,766 
Fidelity Series International Value Fund 88,005,325 6,376,057 9,430,583 -- 419,042 9,226,055 94,595,896 
Fidelity Series Investment Grade Bond Fund 4,102,571 1,033,065 379,556 57,089 644 56,342 4,813,066 
Fidelity Series Long-Term Treasury Bond Index Fund 3,056 16,954,630 464,521 71,635 (3,799) (73,145) 16,416,221 
Fidelity Series Real Estate Equity Fund 7,256,365 698,655 444,219 61,097 1,158 (53,119) 7,458,840 
Fidelity Series Real Estate Income Fund 4,463,958 420,651 275,440 113,778 (755) 30,015 4,638,429 
Fidelity Series Small Cap Opportunities Fund 36,782,095 5,364,473 2,265,312 72,624 (9,130) (578,726) 39,293,400 
Total $929,808,713 $139,374,373 $131,523,742 $2,393,339 $8,726,501 $68,475,713 $1,014,861,558 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $804,328,368) — See accompanying schedule  $1,014,861,558 
Receivable for investments sold  1,152,737 
Receivable for fund shares sold  2,259,888 
Total assets  1,018,274,183 
Liabilities   
Payable to custodian bank $28  
Payable for investments purchased 38,813  
Payable for fund shares redeemed 3,373,504  
Accrued management fee 622,392  
Distribution and service plan fees payable 176,788  
Total liabilities  4,211,525 
Net Assets  $1,014,062,658 
Net Assets consist of:   
Paid in capital  $794,657,625 
Accumulated net investment loss  (1,103,553) 
Accumulated undistributed net realized gain (loss) on investments  9,975,396 
Net unrealized appreciation (depreciation) on investments  210,533,190 
Net Assets  $1,014,062,658 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($415,988,075 ÷ 34,633,089 shares)  $12.01 
Maximum offering price per share (100/94.25 of $12.01)  $12.74 
Class M:   
Net Asset Value and redemption price per share ($159,381,760 ÷ 13,341,371 shares)  $11.95 
Maximum offering price per share (100/96.50 of $11.95)  $12.38 
Class C:   
Net Asset Value and offering price per share ($31,217,394 ÷ 2,643,036 shares)(a)  $11.81 
Class I:   
Net Asset Value, offering price and redemption price per share ($406,379,089 ÷ 33,607,858 shares)  $12.09 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,096,340 ÷ 90,605 shares)  $12.10 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $2,393,339 
Expenses   
Management fee $2,455,063  
Distribution and service plan fees 1,040,688  
Independent trustees' fees and expenses 1,751  
Total expenses before reductions 3,497,502  
Expense reductions (610) 3,496,892 
Net investment income (loss)  (1,103,553) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 8,726,501  
Capital gain distributions from underlying funds 6,081,338  
Total net realized gain (loss)  14,807,839 
Change in net unrealized appreciation (depreciation) on underlying funds  68,475,713 
Net gain (loss)  83,283,552 
Net increase (decrease) in net assets resulting from operations  $82,179,999 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,103,553) $11,091,001 
Net realized gain (loss) 14,807,839 15,876,126 
Change in net unrealized appreciation (depreciation) 68,475,713 101,221,499 
Net increase (decrease) in net assets resulting from operations 82,179,999 128,188,626 
Distributions to shareholders from net investment income – (11,189,601) 
Distributions to shareholders from net realized gain (13,899,270) (28,798,024) 
Total distributions (13,899,270) (39,987,625) 
Share transactions - net increase (decrease) 16,141,172 3,772,240 
Total increase (decrease) in net assets 84,421,901 91,973,241 
Net Assets   
Beginning of period 929,640,757 837,667,516 
End of period $1,014,062,658 $929,640,757 
Other Information   
Accumulated net investment loss end of period $(1,103,553) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2050 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.20 $10.16 $11.06 $11.24 $10.39 $9.61 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .13 .15 .12 .15 
Net realized and unrealized gain (loss) 1.00 1.39 (.53) .58 1.40 .82 
Total from investment operations .98 1.52 (.40) .73 1.52 .97 
Distributions from net investment income – (.13) (.14) (.16) (.12) (.14) 
Distributions from net realized gain (.17) (.34) (.36) (.76) (.55) (.05) 
Total distributions (.17) (.48)B (.50) (.91)C (.67) (.19) 
Net asset value, end of period $12.01 $11.20 $10.16 $11.06 $11.24 $10.39 
Total ReturnD,E,F 8.79% 15.52% (3.84)% 6.77% 14.91% 10.23% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .75%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.26)%I 1.22% 1.28% 1.37% 1.10% 1.56% 
Supplemental Data       
Net assets, end of period (000 omitted) $415,988 $396,373 $363,199 $415,103 $401,589 $352,814 
Portfolio turnover rateH 27%I 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.48 per share is comprised of distributions from net investment income of $.131 and distributions from net realized gain of $.344 per share.

 C Total distributions of $.91 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.755 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.15 $10.12 $11.02 $11.20 $10.36 $9.58 
Income from Investment Operations       
Net investment income (loss)A (.03) .10 .11 .12 .09 .13 
Net realized and unrealized gain (loss) .99 1.38 (.54) .58 1.39 .81 
Total from investment operations .96 1.48 (.43) .70 1.48 .94 
Distributions from net investment income – (.11) (.12) (.13) (.10) (.12) 
Distributions from net realized gain (.16) (.34) (.36) (.76) (.55) (.05) 
Total distributions (.16) (.45) (.47)B (.88)C (.64)D (.16)E 
Net asset value, end of period $11.95 $11.15 $10.12 $11.02 $11.20 $10.36 
Total ReturnF,G,H 8.68% 15.22% (4.08)% 6.54% 14.61% 9.99% 
Ratios to Average Net AssetsI,J       
Expenses before reductions 1.00%K .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%K .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%K .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%K .97% 1.04% 1.12% .85% 1.31% 
Supplemental Data       
Net assets, end of period (000 omitted) $159,382 $147,601 $127,842 $126,987 $115,391 $89,196 
Portfolio turnover rateJ 27%K 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.47 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.355 per share.

 C Total distributions of $.88 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.755 per share.

 D Total distributions of $.64 per share is comprised of distributions from net investment income of $.097 and distributions from net realized gain of $.546 per share.

 E Total distributions of $.16 per share is comprised of distributions from net investment income of $.117 and distributions from net realized gain of $.046 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Total returns do not include the effect of the sales charges.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Amounts do not include the activity of the Underlying Funds.

 K Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.05 $10.04 $10.95 $11.14 $10.31 $9.54 
Income from Investment Operations       
Net investment income (loss)A (.06) .05 .06 .07 .04 .08 
Net realized and unrealized gain (loss) .98 1.37 (.55) .57 1.38 .82 
Total from investment operations .92 1.42 (.49) .64 1.42 .90 
Distributions from net investment income – (.08) (.08) (.09) (.06) (.08) 
Distributions from net realized gain (.16) (.34) (.34) (.74) (.54) (.05) 
Total distributions (.16) (.41)B (.42) (.83) (.59)C (.13) 
Net asset value, end of period $11.81 $11.05 $10.04 $10.95 $11.14 $10.31 
Total ReturnD,E,F 8.36% 14.73% (4.67)% 6.01% 14.06% 9.53% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%I .47% .54% .63% .35% .81% 
Supplemental Data       
Net assets, end of period (000 omitted) $31,217 $28,268 $24,460 $24,652 $21,190 $16,188 
Portfolio turnover rateH 27%I 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.41 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.339 per share.

 C Total distributions of $.59 per share is comprised of distributions from net investment income of $.056 and distributions from net realized gain of $.536 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.27 $10.22 $11.13 $11.30 $10.44 $9.65 
Income from Investment Operations       
Net investment income (loss)A B .16 .16 .18 .15 .18 
Net realized and unrealized gain (loss) .99 1.39 (.55) .59 1.40 .82 
Total from investment operations .99 1.55 (.39) .77 1.55 1.00 
Distributions from net investment income – (.15) (.16) (.18) (.15) (.16) 
Distributions from net realized gain (.17) (.35) (.36) (.76) (.55) (.05) 
Total distributions (.17) (.50) (.52) (.94) (.69)C (.21) 
Net asset value, end of period $12.09 $11.27 $10.22 $11.13 $11.30 $10.44 
Total ReturnD,E 8.89% 15.81% (3.65)% 7.10% 15.20% 10.55% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.01)%H 1.47% 1.53% 1.62% 1.35% 1.81% 
Supplemental Data       
Net assets, end of period (000 omitted) $406,379 $357,398 $320,449 $303,017 $282,594 $202,208 
Portfolio turnover rateG 27%H 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.69 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.546 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.59 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .40 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.10 
Total ReturnC,D 4.40% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.94%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,096 
Portfolio turnover rateE 27%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Growth Fund 9.3 9.4 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.5 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.9 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.7% 
   Short-Term Funds 1.0% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.8% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 0.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 2,109,243 $30,752,756 
Fidelity Advisor Series Equity Value Fund (a) 2,663,374 35,715,843 
Fidelity Advisor Series Growth & Income Fund (a) 3,789,867 56,772,205 
Fidelity Advisor Series Growth Opportunities Fund (a) 1,507,405 19,792,234 
Fidelity Advisor Series Opportunistic Insights Fund (a) 1,523,695 28,234,074 
Fidelity Advisor Series Small Cap Fund (a) 1,253,482 15,417,827 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 2,721,692 36,661,192 
Fidelity Series 100 Index Fund (a) 951,056 15,758,991 
Fidelity Series 1000 Value Index Fund (a) 483,240 6,069,493 
Fidelity Series All-Sector Equity Fund (a) 1,585,808 21,202,254 
Fidelity Series Commodity Strategy Fund (a) 1,803,758 9,433,655 
Fidelity Series Real Estate Equity Fund (a) 273,011 3,524,568 
Fidelity Series Small Cap Opportunities Fund (a) 1,328,801 18,576,638 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $254,841,099)  297,911,730 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 419,499 4,463,466 
Fidelity Series Emerging Markets Fund (a) 2,217,243 45,675,196 
Fidelity Series International Growth Fund (a) 2,785,724 44,265,153 
Fidelity Series International Small Cap Fund (a) 594,865 10,654,031 
Fidelity Series International Value Fund (a) 4,108,876 44,252,592 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $125,421,492)  149,310,438 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 303,705 3,176,752 
Fidelity Series Floating Rate High Income Fund (a) 114,682 1,088,328 
Fidelity Series High Income Fund (a) 712,662 6,948,452 
Fidelity Series Inflation-Protected Bond Index Fund (a) 364,994 3,609,787 
Fidelity Series International Credit Fund (a) 22,713 228,268 
Fidelity Series Investment Grade Bond Fund (a) 201,306 2,276,774 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 885,137 7,780,357 
Fidelity Series Real Estate Income Fund (a) 193,891 2,165,766 
TOTAL BOND FUNDS   
(Cost $27,000,168)  27,274,484 
Short-Term Funds - 1.0%   
Fidelity Advisor Series Short-Term Credit Fund (a) 102,738 1,027,381 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 4,021,447 4,021,447 
TOTAL SHORT-TERM FUNDS   
(Cost $5,046,737)  5,048,828 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $412,309,496)  479,545,480 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (368,086) 
NET ASSETS - 100%  $479,177,394 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $26,621,622 $3,457,630 $3,420,389 $-- $165,190 $3,928,703 $30,752,756 
Fidelity Advisor Series Equity Value Fund 47,287,802 5,011,751 17,460,473(a) 413,930 537,856 338,907 35,715,843 
Fidelity Advisor Series Growth & Income Fund 32,766,556 24,420,115(a) 1,787,950 162,233 (22,489) 1,395,973 56,772,205 
Fidelity Advisor Series Growth Opportunities Fund 17,540,956 2,229,547 2,353,070 -- 124,696 2,250,105 19,792,234 
Fidelity Advisor Series Opportunistic Insights Fund 24,747,674 3,216,091 3,033,690 -- 130,830 3,173,169 28,234,074 
Fidelity Advisor Series Short-Term Credit Fund 911,479 160,450 46,380 7,787 63 1,769 1,027,381 
Fidelity Advisor Series Small Cap Fund 13,158,231 1,748,068 624,230 -- 5,604 1,130,154 15,417,827 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 31,395,884 5,108,030 1,277,656 -- 5,675 1,429,259 36,661,192 
Fidelity Series 100 Index Fund 13,600,249 1,809,469 727,995 -- 3,879 1,073,389 15,758,991 
Fidelity Series 1000 Value Index Fund 5,274,288 752,533 212,761 -- (695) 256,128 6,069,493 
Fidelity Series All-Sector Equity Fund 18,447,051 2,403,566 1,153,718 -- 14,571 1,490,784 21,202,254 
Fidelity Series Canada Fund -- 4,313,168 761 -- -- 151,059 4,463,466 
Fidelity Series Commodity Strategy Fund 6,879,499 2,875,277 306,722 14,239 (2,403) (11,996) 9,433,655 
Fidelity Series Emerging Markets Debt Fund 2,792,749 417,793 99,386 90,637 849 64,747 3,176,752 
Fidelity Series Emerging Markets Fund 40,375,881 5,129,072 6,244,456 -- 361,885 6,052,814 45,675,196 
Fidelity Series Floating Rate High Income Fund 973,225 159,845 41,415 23,529 (53) (3,274) 1,088,328 
Fidelity Series Government Money Market Fund 1.09% 2,842,030 1,312,505 133,088 16,281 -- -- 4,021,447 
Fidelity Series High Income Fund 6,105,377 997,280 248,465 179,517 454 93,806 6,948,452 
Fidelity Series Inflation-Protected Bond Index Fund 3,297,517 438,148 132,512 2,009 439 6,195 3,609,787 
Fidelity Series International Credit Fund -- 227,132 -- -- -- 1,136 228,268 
Fidelity Series International Growth Fund 38,016,091 5,143,866 4,155,641 -- 118,245 5,142,592 44,265,153 
Fidelity Series International Small Cap Fund 8,686,160 1,213,350 736,114 -- 30,727 1,459,908 10,654,031 
Fidelity Series International Value Fund 38,115,728 5,683,676 3,905,251 -- 114,175 4,244,264 44,252,592 
Fidelity Series Investment Grade Bond Fund 1,899,804 482,696 132,196 26,415 450 26,020 2,276,774 
Fidelity Series Long-Term Treasury Bond Index Fund 1,306 7,975,248 158,553 33,077 (1,412) (36,232) 7,780,357 
Fidelity Series Real Estate Equity Fund 3,142,917 534,427 125,503 28,126 1,431 (28,704) 3,524,568 
Fidelity Series Real Estate Income Fund 1,908,595 323,916 78,030 51,624 514 10,771 2,165,766 
Fidelity Series Small Cap Opportunities Fund 15,931,253 3,555,103 639,477 34,073 (4,431) (265,810) 18,576,638 
Total $402,719,924 $91,099,752 $49,235,882 $1,083,477 $1,586,050 $33,375,636 $479,545,480 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $412,309,496) — See accompanying schedule  $479,545,480 
Receivable for investments sold  8,662 
Receivable for fund shares sold  1,944,612 
Total assets  481,498,754 
Liabilities   
Payable for investments purchased $158,319  
Payable for fund shares redeemed 1,795,008  
Accrued management fee 291,919  
Distribution and service plan fees payable 76,114  
Total liabilities  2,321,360 
Net Assets  $479,177,394 
Net Assets consist of:   
Paid in capital  $410,462,004 
Accumulated net investment loss  (477,396) 
Accumulated undistributed net realized gain (loss) on investments  1,956,802 
Net unrealized appreciation (depreciation) on investments  67,235,984 
Net Assets  $479,177,394 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($198,321,471 ÷ 15,117,791 shares)  $13.12 
Maximum offering price per share (100/94.25 of $13.12)  $13.92 
Class M:   
Net Asset Value and redemption price per share ($66,803,259 ÷ 5,116,699 shares)  $13.06 
Maximum offering price per share (100/96.50 of $13.06)  $13.53 
Class C:   
Net Asset Value and offering price per share ($9,967,970 ÷ 767,256 shares)(a)  $12.99 
Class I:   
Net Asset Value, offering price and redemption price per share ($203,075,160 ÷ 15,408,722 shares)  $13.18 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,009,534 ÷ 76,560 shares)  $13.19 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,083,477 
Expenses   
Management fee $1,127,847  
Distribution and service plan fees 433,014  
Independent trustees' fees and expenses 781  
Total expenses before reductions 1,561,642  
Expense reductions (264) 1,561,378 
Net investment income (loss)  (477,901) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 1,586,050  
Capital gain distributions from underlying funds 2,826,676  
Total net realized gain (loss)  4,412,726 
Change in net unrealized appreciation (depreciation) on underlying funds  33,375,636 
Net gain (loss)  37,788,362 
Net increase (decrease) in net assets resulting from operations  $37,310,461 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(477,901) $4,545,316 
Net realized gain (loss) 4,412,726 5,298,677 
Change in net unrealized appreciation (depreciation) 33,375,636 41,715,023 
Net increase (decrease) in net assets resulting from operations 37,310,461 51,559,016 
Distributions to shareholders from net investment income (14,088) (4,567,082) 
Distributions to shareholders from net realized gain (4,661,846) (9,571,484) 
Total distributions (4,675,934) (14,138,566) 
Share transactions - net increase (decrease) 43,889,526 67,699,971 
Total increase (decrease) in net assets 76,524,053 105,120,421 
Net Assets   
Beginning of period 402,653,341 297,532,920 
End of period $479,177,394 $402,653,341 
Other Information   
Undistributed net investment income end of period $– $14,593 
Accumulated net investment loss end of period $(477,396) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2055 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.19 $11.02 $11.92 $11.71 $10.56 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.02) .14 .15 .16 .12 .18 
Net realized and unrealized gain (loss) 1.09 1.51 (.59) .62 1.49 .83 
Total from investment operations 1.07 1.65 (.44) .78 1.61 1.01 
Distributions from net investment income – (.14) (.14) (.15) (.11) (.13) 
Distributions from net realized gain (.14) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.14) (.48) (.46)B (.57) (.46)C (.20) 
Net asset value, end of period $13.12 $12.19 $11.02 $11.92 $11.71 $10.56 
Total ReturnD,E,F 8.81% 15.49% (3.89)% 6.85% 15.45% 10.51% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .76%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .76%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .76%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.27)%I 1.24% 1.31% 1.39% 1.11% 1.82% 
Supplemental Data       
Net assets, end of period (000 omitted) $198,321 $170,352 $130,309 $115,666 $81,217 $32,476 
Portfolio turnover rateH 22%I 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.46 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.314 per share.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.355 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.14 $10.98 $11.88 $11.68 $10.55 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.03) .11 .12 .13 .10 .16 
Net realized and unrealized gain (loss) 1.08 1.51 (.59) .62 1.47 .82 
Total from investment operations 1.05 1.62 (.47) .75 1.57 .98 
Distributions from net investment income – (.12) (.12) (.13) (.09) (.11) 
Distributions from net realized gain (.13) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.13) (.46) (.43) (.55) (.44)B (.18) 
Net asset value, end of period $13.06 $12.14 $10.98 $11.88 $11.68 $10.55 
Total ReturnC,D,E 8.69% 15.27% (4.11)% 6.55% 15.07% 10.24% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.01%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.01%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.01%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.52)%H .99% 1.06% 1.14% .86% 1.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $66,803 $58,052 $41,956 $33,436 $19,134 $7,239 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.44 per share is comprised of distributions from net investment income of $.086 and distributions from net realized gain of $.355 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.11 $10.98 $11.88 $11.69 $10.57 $9.74 
Income from Investment Operations       
Net investment income (loss)A (.06) .06 .06 .08 .04 .10 
Net realized and unrealized gain (loss) 1.07 1.49 (.58) .61 1.47 .83 
Total from investment operations 1.01 1.55 (.52) .69 1.51 .93 
Distributions from net investment income – (.08) (.08) (.09) (.05) (.03) 
Distributions from net realized gain (.13) (.34) (.30) (.41) (.35) (.07) 
Total distributions (.13) (.42) (.38) (.50) (.39)B (.10) 
Net asset value, end of period $12.99 $12.11 $10.98 $11.88 $11.69 $10.57 
Total ReturnC,D,E 8.38% 14.62% (4.53)% 6.01% 14.46% 9.69% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.02)%H .49% .56% .65% .36% 1.07% 
Supplemental Data       
Net assets, end of period (000 omitted) $9,968 $8,529 $5,671 $4,180 $2,491 $1,094 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.39 per share is comprised of distributions from net investment income of $.048 and distributions from net realized gain of $.345 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.24 $11.06 $11.96 $11.74 $10.59 $9.76 
Income from Investment Operations       
Net investment income (loss)A B .17 .18 .19 .15 .21 
Net realized and unrealized gain (loss) 1.08 1.51 (.60) .63 1.48 .83 
Total from investment operations 1.08 1.68 (.42) .82 1.63 1.04 
Distributions from net investment income B (.16) (.17) (.18) (.13) (.14) 
Distributions from net realized gain (.14) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.14) (.50) (.48) (.60) (.48)C (.21) 
Net asset value, end of period $13.18 $12.24 $11.06 $11.96 $11.74 $10.59 
Total ReturnD,E 8.92% 15.81% (3.64)% 7.15% 15.61% 10.84% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) (.02)%H 1.49% 1.56% 1.64% 1.36% 2.07% 
Supplemental Data       
Net assets, end of period (000 omitted) $203,075 $165,720 $119,597 $87,769 $54,490 $18,438 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.48 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.355 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.63 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .44 
Total from investment operations .56 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.19 
Total ReturnC,D 4.43% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 3.05%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,010 
Portfolio turnover rateE 22%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.9 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.6 7.8 
Fidelity Advisor Series Equity Value Fund 7.5 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.8 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.8% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 0.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 307,605 $4,484,883 
Fidelity Advisor Series Equity Value Fund (a) 389,248 5,219,812 
Fidelity Advisor Series Growth & Income Fund (a) 553,373 8,289,530 
Fidelity Advisor Series Growth Opportunities Fund (a) 220,476 2,894,848 
Fidelity Advisor Series Opportunistic Insights Fund (a) 222,409 4,121,244 
Fidelity Advisor Series Small Cap Fund (a) 183,207 2,253,442 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 397,251 5,350,975 
Fidelity Series 100 Index Fund (a) 139,070 2,304,392 
Fidelity Series 1000 Value Index Fund (a) 70,571 886,366 
Fidelity Series All-Sector Equity Fund (a) 231,527 3,095,515 
Fidelity Series Commodity Strategy Fund (a) 263,371 1,377,431 
Fidelity Series Real Estate Equity Fund (a) 39,848 514,442 
Fidelity Series Small Cap Opportunities Fund (a) 194,197 2,714,874 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $39,287,350)  43,507,754 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 61,227 651,452 
Fidelity Series Emerging Markets Fund (a) 323,435 6,662,769 
Fidelity Series International Growth Fund (a) 406,119 6,453,237 
Fidelity Series International Small Cap Fund (a) 87,015 1,558,439 
Fidelity Series International Value Fund (a) 599,627 6,457,987 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $18,744,701)  21,783,884 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 41,562 434,741 
Fidelity Series Floating Rate High Income Fund (a) 17,458 165,675 
Fidelity Series High Income Fund (a) 104,603 1,019,882 
Fidelity Series Inflation-Protected Bond Index Fund (a) 53,682 530,913 
Fidelity Series International Credit Fund (a) 3,023 30,377 
Fidelity Series Investment Grade Bond Fund (a) 29,468 333,287 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 128,806 1,132,202 
Fidelity Series Real Estate Income Fund (a) 28,386 317,072 
TOTAL BOND FUNDS   
(Cost $3,885,022)  3,964,149 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 15,613 156,129 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 585,672 585,672 
TOTAL SHORT-TERM FUNDS   
(Cost $741,590)  741,801 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $62,658,663)  69,997,588 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (52,803) 
NET ASSETS - 100%  $69,944,785 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $2,883,602 $1,410,071 $322,529 $-- $(1,642) $515,381 $4,484,883 
Fidelity Advisor Series Equity Value Fund 5,120,357 1,967,240 1,990,761(a) 50,816 23,781 99,195 5,219,812 
Fidelity Advisor Series Growth & Income Fund 3,548,790 4,672,371(a) 120,904 21,382 (2,475) 191,748 8,289,530 
Fidelity Advisor Series Growth Opportunities Fund 1,900,912 914,695 216,663 -- 2,582 293,322 2,894,848 
Fidelity Advisor Series Opportunistic Insights Fund 2,656,409 1,317,816 263,557 -- (215) 410,791 4,121,244 
Fidelity Advisor Series Short-Term Credit Fund 94,907 63,958 2,920 1,026 181 156,129 
Fidelity Advisor Series Small Cap Fund 1,426,823 711,541 38,978 -- 196 153,860 2,253,442 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 3,400,620 1,830,274 79,711 -- 2,998 196,794 5,350,975 
Fidelity Series 100 Index Fund 1,471,465 730,977 38,437 -- (31) 140,418 2,304,392 
Fidelity Series 1000 Value Index Fund 570,779 293,854 13,270 -- (78) 35,081 886,366 
Fidelity Series All-Sector Equity Fund 1,995,788 991,469 85,063 -- 1,034 192,287 3,095,515 
Fidelity Series Canada Fund -- 630,165 54 -- -- 21,341 651,452 
Fidelity Series Commodity Strategy Fund 784,071 612,121 20,661 2,042 (207) 2,107 1,377,431 
Fidelity Series Emerging Markets Debt Fund 287,447 145,850 6,257 10,996 86 7,615 434,741 
Fidelity Series Emerging Markets Fund 4,363,146 2,115,826 628,817 -- 12,431 800,183 6,662,769 
Fidelity Series Floating Rate High Income Fund 109,403 59,350 2,607 3,160 (475) 165,675 
Fidelity Series Government Money Market Fund 1.09% 292,135 302,012 8,475 2,096 -- -- 585,672 
Fidelity Series High Income Fund 663,148 360,313 15,643 23,171 12,055 1,019,882 
Fidelity Series Inflation-Protected Bond Index Fund 358,487 180,077 8,343 271 42 650 530,913 
Fidelity Series International Credit Fund -- 30,226 -- -- -- 151 30,377 
Fidelity Series International Growth Fund 4,113,503 2,106,389 413,204 -- 9,290 637,259 6,453,237 
Fidelity Series International Small Cap Fund 939,884 493,708 60,043 -- 2,787 182,103 1,558,439 
Fidelity Series International Value Fund 4,124,240 2,183,120 403,416 -- 11,029 543,014 6,457,987 
Fidelity Series Investment Grade Bond Fund 202,814 144,635 17,192 3,416 (4) 3,034 333,287 
Fidelity Series Long-Term Treasury Bond Index Fund 177 1,147,104 9,345 4,502 (54) (5,680) 1,132,202 
Fidelity Series Real Estate Equity Fund 340,128 187,454 7,834 3,784 (237) (5,069) 514,442 
Fidelity Series Real Estate Income Fund 206,491 114,801 4,901 6,909 81 600 317,072 
Fidelity Series Small Cap Opportunities Fund 1,724,001 1,068,861 39,908 4,892 (609) (37,471) 2,714,874 
Total $43,579,527 $26,786,278 $4,819,493 $138,463 $60,801 $4,390,475 $69,997,588 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $62,658,663) — See accompanying schedule  $69,997,588 
Cash  13 
Receivable for investments sold  208 
Receivable for fund shares sold  396,481 
Total assets  70,394,290 
Liabilities   
Payable for investments purchased $250,387  
Payable for fund shares redeemed 146,308  
Accrued management fee 41,728  
Distribution and service plan fees payable 11,082  
Total liabilities  449,505 
Net Assets  $69,944,785 
Net Assets consist of:   
Paid in capital  $62,555,350 
Accumulated net investment loss  (70,506) 
Accumulated undistributed net realized gain (loss) on investments  121,016 
Net unrealized appreciation (depreciation) on investments  7,338,925 
Net Assets  $69,944,785 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($29,399,828 ÷ 2,533,865 shares)  $11.60 
Maximum offering price per share (100/94.25 of $11.60)  $12.31 
Class M:   
Net Asset Value and redemption price per share ($9,581,346 ÷ 826,321 shares)  $11.60 
Maximum offering price per share (100/96.50 of $11.60)  $12.02 
Class C:   
Net Asset Value and offering price per share ($1,654,702 ÷ 142,452 shares)(a)  $11.62 
Class I:   
Net Asset Value, offering price and redemption price per share ($28,973,917 ÷ 2,488,096 shares)  $11.65 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($334,992 ÷ 28,751 shares)  $11.65 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $138,463 
Expenses   
Management fee $151,799  
Distribution and service plan fees 56,281  
Independent trustees' fees and expenses 95  
Total expenses before reductions 208,175  
Expense reductions (29) 208,146 
Net investment income (loss)  (69,683) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 60,801  
Capital gain distributions from underlying funds 395,481  
Total net realized gain (loss)  456,282 
Change in net unrealized appreciation (depreciation) on underlying funds  4,390,475 
Net gain (loss)  4,846,757 
Net increase (decrease) in net assets resulting from operations  $4,777,074 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(69,683) $374,796 
Net realized gain (loss) 456,282 652,819 
Change in net unrealized appreciation (depreciation) 4,390,475 3,248,213 
Net increase (decrease) in net assets resulting from operations 4,777,074 4,275,828 
Distributions to shareholders from net investment income (1,886) (374,733) 
Distributions to shareholders from net realized gain (455,069) (451,681) 
Total distributions (456,955) (826,414) 
Share transactions - net increase (decrease) 22,052,252 20,738,778 
Total increase (decrease) in net assets 26,372,371 24,188,192 
Net Assets   
Beginning of period 43,572,414 19,384,222 
End of period $69,944,785 $43,572,414 
Other Information   
Undistributed net investment income end of period $– $1,063 
Accumulated net investment loss end of period $(70,506) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2060 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.76 $9.62 $10.34 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.02) .13 .12 .15 
Net realized and unrealized gain (loss) .96 1.33 (.51) .37 
Total from investment operations .94 1.46 (.39) .52 
Distributions from net investment income – (.12) (.11) (.10) 
Distributions from net realized gain (.10) (.20) (.22) (.08) 
Total distributions (.10) (.32) (.33) (.18) 
Net asset value, end of period $11.60 $10.76 $9.62 $10.34 
Total ReturnC,D,E 8.78% 15.55% (3.89)% 5.24% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .78%H .25% .25% .25%H 
Expenses net of fee waivers, if any .78%H .25% .25% .25%H 
Expenses net of all reductions .78%H .25% .25% .25%H 
Net investment income (loss) (.30)%H 1.30% 1.29% 2.24%H 
Supplemental Data     
Net assets, end of period (000 omitted) $29,400 $18,482 $9,058 $2,267 
Portfolio turnover rateG 17%H 32% 64% 47%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.77 $9.63 $10.33 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.03) .11 .10 .13 
Net realized and unrealized gain (loss) .95 1.33 (.51) .38 
Total from investment operations .92 1.44 (.41) .51 
Distributions from net investment income – (.10) (.08) (.09) 
Distributions from net realized gain (.09) (.20) (.21) (.08) 
Total distributions (.09) (.30) (.29) (.18)C 
Net asset value, end of period $11.60 $10.77 $9.63 $10.33 
Total ReturnD,E,F 8.63% 15.29% (4.09)% 5.07% 
Ratios to Average Net AssetsG,H     
Expenses before reductions 1.03%I .50% .50% .51%I,J 
Expenses net of fee waivers, if any 1.03%I .50% .50% .51%I,J 
Expenses net of all reductions 1.03%I .50% .50% .51%I,J 
Net investment income (loss) (.55)%I 1.05% 1.04% 1.98%I 
Supplemental Data     
Net assets, end of period (000 omitted) $9,581 $5,719 $3,189 $2,062 
Portfolio turnover rateH 17%I 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.094 and distributions from net realized gain of $.081 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.81 $9.68 $10.31 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.06) .06 .05 .10 
Net realized and unrealized gain (loss) .96 1.33 (.51) .38 
Total from investment operations .90 1.39 (.46) .48 
Distributions from net investment income – (.06) – (.08) 
Distributions from net realized gain (.09) (.20) (.17) (.08) 
Total distributions (.09) (.26) (.17) (.17)C 
Net asset value, end of period $11.62 $10.81 $9.68 $10.31 
Total ReturnD,E,F 8.41% 14.65% (4.60)% 4.77% 
Ratios to Average Net AssetsG,H     
Expenses before reductions 1.53%I 1.00% .99%J 1.02%I,J 
Expenses net of fee waivers, if any 1.53%I 1.00% .99%J 1.02%I,J 
Expenses net of all reductions 1.53%I 1.00% .99%J 1.02%I,J 
Net investment income (loss) (1.05)%I .55% .55% 1.47%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,655 $1,209 $1,292 $1,322 
Portfolio turnover rateH 17%I 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.081 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.80 $9.65 $10.35 $10.00 
Income from Investment Operations     
Net investment income (loss)B C .16 .15 .17 
Net realized and unrealized gain (loss) .96 1.33 (.50) .37 
Total from investment operations .96 1.49 (.35) .54 
Distributions from net investment income C (.13) (.12) (.10) 
Distributions from net realized gain (.10) (.20) (.23) (.08) 
Total distributions (.11)D (.34)E (.35) (.19)F 
Net asset value, end of period $11.65 $10.80 $9.65 $10.35 
Total ReturnG,H 8.90% 15.82% (3.54)% 5.38% 
Ratios to Average Net AssetsI,J     
Expenses before reductions .53%K - %L - %L - %K,L 
Expenses net of fee waivers, if any .53%K -% -% - %K 
Expenses net of all reductions .53%K -% -% - %K 
Net investment income (loss) (.05)%K 1.55% 1.54% 2.49%K 
Supplemental Data     
Net assets, end of period (000 omitted) $28,974 $18,162 $5,845 $399 
Portfolio turnover rateJ 17%K 32% 64% 47%K 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.11 per share is comprised of distributions from net investment income of $.001 and distributions from net realized gain of $.104 per share.

 E Total distributions of $.34 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.204 per share.

 F Total distributions of $.19 per share is comprised of distributions from net investment income of $.104 and distributions from net realized gain of $.081 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Amounts do not include the activity of the Underlying Funds.

 K Annualized

 L Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.16 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .40 
Total from investment operations .49 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.65 
Total ReturnC,D 4.39% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $335 
Portfolio turnover rateE 17%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

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 and Fidelity Advisor Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. Each Fund offers Class A, Class M, Class C, Class I and Class Z6 shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund commenced sale of Class Z6 shares on June 6, 2017. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Advisor Series Equity-Income Fund to Fidelity Advisor Series Equity Value Fund.

After the close of business on June 24, 2016, each Fund's outstanding Class B shares were converted to Class A shares. Each Fund's prior fiscal period dollar and share amounts for Class B presented in the Notes to Financial Statements are for the period April 1, 2016 through June 24, 2016.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Advisor Freedom Income $199,014,117 $18,735,106 $(1,363,543) $17,371,563 
Advisor Freedom 2005 186,416,969 23,335,389 (1,191,178) 22,144,211 
Advisor Freedom 2010 437,161,295 66,897,658 (2,609,846) 64,287,812 
Advisor Freedom 2015 995,402,817 191,364,638 (6,332,882) 185,031,756 
Advisor Freedom 2020 2,143,460,328 425,149,241 (15,448,505) 409,700,736 
Advisor Freedom 2025 2,486,435,922 529,798,966 (20,132,528) 509,666,438 
Advisor Freedom 2030 2,350,193,308 590,304,529 (13,164,173) 577,140,356 
Advisor Freedom 2035 1,814,438,248 515,469,889 (9,382,468) 506,087,421 
Advisor Freedom 2040 1,641,597,374 475,960,034 (8,153,685) 467,806,349 
Advisor Freedom 2045 1,020,425,863 271,107,859 (4,898,802) 266,209,057 
Advisor Freedom 2050 807,130,165 211,480,309 (3,748,916) 207,731,393 
Advisor Freedom 2055 414,079,507 67,148,610 (1,682,637) 65,465,973 
Advisor Freedom 2060 62,950,224 7,192,624 (145,260) 7,047,364 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the underlying fund shares and in-kind transactions are noted in the table below.

 Purchases ($) Redemptions ($) 
Advisor Freedom Income 20,843,594 33,703,073 
Advisor Freedom 2005 20,199,707 30,120,733 
Advisor Freedom 2010 46,804,864 75,935,004 
Advisor Freedom 2015 104,954,606 198,298,510 
Advisor Freedom 2020 228,273,175 376,030,889 
Advisor Freedom 2025 311,930,304 396,034,636 
Advisor Freedom 2030 338,067,757 439,625,968 
Advisor Freedom 2035 270,264,022 333,637,452 
Advisor Freedom 2040 236,236,270 311,401,642 
Advisor Freedom 2045 165,145,267 167,892,308 
Advisor Freedom 2050 139,374,373 131,523,742 
Advisor Freedom 2055 91,099,752 49,235,882 
Advisor Freedom 2060 26,786,278 4,819,493 

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Effective June 1, 2017, under the management contract approved by the Board of Trustees (the Board) and shareholders, FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees.

For the period June 1, 2017 (June 6, 2017 for Class Z6) through September 30, 2017, the total annual management fee rate for each Class of each Fund was as follows:

  Annual % of Class-Level Average Net Assets
(Classes A, M, C, I) 
Annual % of Class-Level Average Net Assets
(Class Z6) 
Advisor Freedom Income .465% .415% 
Advisor Freedom 2005 .491% .435% 
Advisor Freedom 2010 .533% .468% 
Advisor Freedom 2015 .576% .503% 
Advisor Freedom 2020 .618% .538% 
Advisor Freedom 2025 .661% .573% 
Advisor Freedom 2030 .703% .608% 
Advisor Freedom 2035 .746% .643% 
Advisor Freedom 2040 .746% .643% 
Advisor Freedom 2045 .746% .643% 
Advisor Freedom 2050 .746% .643% 
Advisor Freedom 2055 .746% .643% 
Advisor Freedom 2060 .746% .643% 

Effective June 6, 2017, under the expense contract approved by the Board, the investment adviser pays class-level expenses for Class Z6 of each Fund as necessary so that Class Z6 total expenses do not exceed certain amounts of Class Z6 average net assets on an annual basis with certain exceptions, as noted in the following table:

  Annual % of Class-Level Average Net Assets
(Class Z6) 
Advisor Freedom Income .365% 
Advisor Freedom 2005 .377% 
Advisor Freedom 2010 .396% 
Advisor Freedom 2015 .415% 
Advisor Freedom 2020 .435% 
Advisor Freedom 2025 .454% 
Advisor Freedom 2030 .474% 
Advisor Freedom 2035 .493% 
Advisor Freedom 2040 .493% 
Advisor Freedom 2045 .493% 
Advisor Freedom 2050 .493% 
Advisor Freedom 2055 .493% 
Advisor Freedom 2060 .493% 

In addition, the Board and shareholders of each Underlying Fund approved a new management contract, effective June 1, 2017. Under the management contract, each Underlying Fund no longer pays a management fee, and most of each Underlying Fund's ordinary operating expenses are borne by the investment adviser.

Prior to June 1, 2017, the investment adviser provided the Funds with investment management related services. The Funds did not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding distribution and service plan fees, compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, each Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of each Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

 Distribution
Fee 
Service
Fee 
Total Fees Retained
by FDC 
Advisor Freedom Income     
Class A -% .25% $105,230 $3,440 
Class M .25% .25% 96,118 – 
Class C .75% .25% 71,383 5,158 
   $272,731 $8,598 
Advisor Freedom 2005     
Class A -% .25% $146,388 $7,355 
Class M .25% .25% 68,221 374 
Class C .75% .25% 28,225 913 
   $242,834 $8,642 
Advisor Freedom 2010     
Class A -% .25% $325,281 $15,630 
Class M .25% .25% 205,650 2,354 
Class C .75% .25% 143,980 4,036 
   $674,911 $22,020 
Advisor Freedom 2015     
Class A -% .25% $789,140 $42,030 
Class M .25% .25% 446,846 1,937 
Class C .75% .25% 308,411 16,093 
   $1,544,397 $60,060 
Advisor Freedom 2020     
Class A -% .25% $1,623,819 $72,406 
Class M .25% .25% 989,404 6,205 
Class C .75% .25% 512,259 35,811 
   $3,125,482 $114,422 
Advisor Freedom 2025     
Class A -% .25% $1,875,870 $87,671 
Class M .25% .25% 1,077,226 4,283 
Class C .75% .25% 502,677 49,158 
   $3,455,773 $141,112 
Advisor Freedom 2030     
Class A -% .25% $1,772,980 $84,401 
Class M .25% .25% 1,123,778 – 
Class C .75% .25% 479,889 48,405 
   $3,376,647 $132,806 
Advisor Freedom 2035     
Class A -% .25% $1,403,289 $63,178 
Class M .25% .25% 865,112 4,149 
Class C .75% .25% 318,564 36,846 
   $2,586,965 $104,173 
Advisor Freedom 2040     
Class A -% .25% $1,211,991 $50,686 
Class M .25% .25% 830,388 983 
Class C .75% .25% 412,224 37,515 
   $2,454,603 $89,184 
Advisor Freedom 2045     
Class A -% .25% $707,635 $40,674 
Class M .25% .25% 486,328 1,695 
Class C .75% .25% 142,685 23,248 
   $1,336,648 $65,617 
Advisor Freedom 2050     
Class A -% .25% $508,295 $22,715 
Class M .25% .25% 384,018 397 
Class C .75% .25% 148,375 20,701 
   $1,040,688 $43,813 
Advisor Freedom 2055     
Class A -% .25% $230,705 $9,532 
Class M .25% .25% 156,010 144 
Class C .75% .25% 46,299 12,692 
   $433,014 $22,368 
Advisor Freedom 2060     
Class A -% .25% $29,853 $15,683 
Class M .25% .25% 19,112 145 
Class C .75% .25% 7,316 3,621 
   $56,281 $19,449 

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class M shares, some of which is paid to financial intermediaries for selling shares of each Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.

For the period, sales charge amounts retained by FDC were as follows:

 Retained
by FDC 
Advisor Freedom Income  
Class A $4,790 
Class M 553 
Class C(a) 801 
 $6,144 
Advisor Freedom 2005  
Class A $587 
Class C(a) 268 
 $855 
Advisor Freedom 2010  
Class A $4,441 
Class M 365 
Class C(a) 481 
 $5,287 
Advisor Freedom 2015  
Class A $6,623 
Class M 2,108 
Class C(a) 2,014 
 $10,745 
Advisor Freedom 2020  
Class A $16,239 
Class M 3,299 
Class C(a) 5,947 
 $25,485 
Advisor Freedom 2025  
Class A $25,492 
Class M 7,519 
Class C(a) 3,682 
 $36,693 
Advisor Freedom 2030  
Class A $24,018 
Class M 3,751 
Class C(a) 5,936 
 $33,705 
Advisor Freedom 2035  
Class A $18,068 
Class M 3,143 
Class C(a) 3,392 
 $24,603 
Advisor Freedom 2040  
Class A $16,643 
Class M 2,144 
Class C(a) 5,722 
 $24,509 
Advisor Freedom 2045  
Class A $13,783 
Class M 3,646 
Class C(a) 4,569 
 $21,998 
Advisor Freedom 2050  
Class A $11,553 
Class M 1,378 
Class C(a) 2,802 
 $15,733 
Advisor Freedom 2055  
Class A $5,207 
Class M 1,673 
Class C(a) 1,720 
 $8,600 
Advisor Freedom 2060  
Class A $579 
Class M 1,126 
Class C(a) 335 
 $2,040 

 (a) When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.


Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Advisor Series Equity Value Fund ("selected Underlying Fund") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Advisor Series Growth & Income Fund which is an affiliated investment company managed by FMR. Net realized gain (loss) on the redemptions of the selected Underlying Fund in connection with the reallocation is included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the related net gain (loss) for the Funds are presented in the accompanying table:

 Value of Investments and Cash reallocated Net realized Gain (Loss) on redemptions of selected Underlying Funds 
Advisor Freedom Income $1,835,460 $ 263,976 
Advisor Freedom 2005 2,600,106 473,487 
Advisor Freedom 2010 8,110,167 1,996,669 
Advisor Freedom 2015 23,603,334 4,562,791 
Advisor Freedom 2020 57,172,267 5,489,085 
Advisor Freedom 2025 73,263,952 6,487,561 
Advisor Freedom 2030 87,711,735 7,386,714 
Advisor Freedom 2035 79,733,333 5,964,782 
Advisor Freedom 2040 74,045,368 5,798,888 
Advisor Freedom 2045 44,156,583 3,196,466 
Advisor Freedom 2050 34,515,108 2,535,731 
Advisor Freedom 2055 15,452,315 540,986 
Advisor Freedom 2060 1,885,573 23,858 

5. Expense Reductions.

Prior to June 1, 2017, FMR voluntarily agreed to reimburse funds to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, were excluded from this reimbursement. Effective June 1, 2017, these voluntary reimbursements were discontinued.

The following classes of each applicable Fund were in reimbursement during the period:

 Expense
Limitations 
Reimbursement 
Advisor Freedom Income   
Class A .25% $56 
Class M .50% 26 
Class C 1.00% 
Class I -% 55 
Advisor Freedom 2005   
Class A .25% $77 
Class M .50% 18 
Class C 1.00% 
Class I -% 39 
Advisor Freedom 2010   
Class A .25% $173 
Class M .50% 54 
Class C 1.00% 19 
Class I -% 88 
Advisor Freedom 2015   
Class A .25% $420 
Class M .50% 119 
Class C 1.00% 41 
Class I -% 215 
Advisor Freedom 2020   
Class A .25% $852 
Class M .50% 260 
Class C 1.00% 67 
Class I -% 499 
Advisor Freedom 2025   
Class A .25% $968 
Class M .50% 278 
Class C 1.00% 65 
Class I -% 594 
Advisor Freedom 2030   
Class A .25% $912 
Class M .50% 289 
Class C 1.00% 62 
Class I -% 593 
Advisor Freedom 2035   
Class A .25% $716 
Class M .50% 221 
Class C 1.00% 41 
Class I -% 470 
Advisor Freedom 2040   
Class A .25% $621 
Class M .50% 213 
Class C 1.00% 53 
Class I -% 439 
Advisor Freedom 2045   
Class A .25% $356 
Class M .50% 123 
Class C 1.00% 18 
Class I -% 285 
Advisor Freedom 2050   
Class A .25% $255 
Class M .50% 96 
Class C 1.00% 19 
Class I -% 240 
Advisor Freedom 2055   
Class A .25% $110 
Class M .50% 37 
Class C 1.00% 
Class I -% 111 
Advisor Freedom 2060   
Class A .25% $12 
Class M .50% 
Class C 1.00% 
Class I -% 12 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended September 30, 2017(a) Year ended March 31, 2017 
Advisor Freedom Income   
From net investment income   
Class A $381,293 $1,396,856 
Class M 125,928 493,459 
Class B – 527 
Class C 9,161 113,110 
Class I 472,822 1,403,708 
Class Z6 1,038 – 
Total $990,242 $3,407,660 
From net realized gain   
Class A $595,398 $1,266,025 
Class M 269,209 548,704 
Class B – 4,869 
Class C 100,171 195,946 
Class I 590,715 1,092,131 
Total $1,555,493 $3,107,675 
Advisor Freedom 2005   
From net investment income   
Class A $245,737 $1,973,197 
Class M 38,569 385,893 
Class B – 184 
Class C – 51,825 
Class I 163,440 1,130,500 
Total $447,746 $3,541,599 
From net realized gain   
Class A $1,326,977 $2,829,723 
Class M 306,284 631,717 
Class B – 4,475 
Class C 64,155 134,120 
Class I 668,617 1,345,351 
Total $2,366,033 $4,945,386 
Advisor Freedom 2010   
From net investment income   
Class A $568,011 $4,477,860 
Class M 126,073 1,130,843 
Class B – 85 
Class C 9,459 252,508 
Class I 377,328 2,427,938 
Total $1,080,871 $8,289,234 
From net realized gain   
Class A $4,375,788 $9,091,246 
Class M 1,380,168 2,666,131 
Class B – 18,204 
Class C 491,873 905,318 
Class I 2,180,115 4,087,540 
Total $8,427,944 $16,768,439 
Advisor Freedom 2015   
From net investment income   
Class A $1,273,003 $10,387,191 
Class M 243,229 2,380,290 
Class C 9,867 497,030 
Class I 841,023 5,952,820 
Total $2,367,122 $19,217,331 
From net realized gain   
Class A $11,660,616 $21,478,534 
Class M 3,276,438 5,718,301 
Class B – 56,551 
Class C 1,129,734 1,897,955 
Class I 5,836,184 10,594,742 
Total $21,902,972 $39,746,083 
Advisor Freedom 2020   
From net investment income   
Class A $2,229,625 $19,983,983 
Class M 441,116 4,842,366 
Class C – 767,338 
Class I 1,780,403 12,773,120 
Total $4,451,144 $38,366,807 
From net realized gain   
Class A $20,066,608 $40,296,263 
Class M 6,087,334 11,312,600 
Class B – 157,930 
Class C 1,578,175 2,955,952 
Class I 11,516,970 21,844,567 
Total $39,249,087 $76,567,312 
Advisor Freedom 2025   
From net investment income   
Class A $2,146,289 $21,470,705 
Class M 352,858 4,782,696 
Class C – 732,090 
Class I 1,804,797 14,353,988 
Total $4,303,944 $41,339,479 
From net realized gain   
Class A $21,349,940 $45,815,189 
Class M 6,062,537 12,169,386 
Class B – 136,189 
Class C 1,378,301 2,834,506 
Class I 12,633,567 26,349,771 
Total $41,424,345 $87,305,041 
Advisor Freedom 2030   
From net investment income   
Class A $890,655 $18,430,435 
Class M 31,582 4,678,224 
Class C – 683,038 
Class I 1,121,920 13,350,800 
Total $2,044,157 $37,142,497 
From net realized gain   
Class A $23,156,998 $47,411,197 
Class M 7,390,002 14,575,332 
Class B – 181,885 
Class C 1,521,577 3,005,327 
Class I 14,584,937 29,678,995 
Total $46,653,514 $94,852,736 
Advisor Freedom 2035   
From net investment income   
Class A $– $13,587,492 
Class M – 3,416,658 
Class C – 426,644 
Class I – 9,563,549 
Total $ - $26,994,343 
From net realized gain   
Class A $18,560,794 $38,475,348 
Class M 5,466,691 10,912,610 
Class B – 135,368 
Class C 1,022,076 1,993,967 
Class I 12,160,499 24,465,797 
Total $37,210,060 $75,983,090 
Advisor Freedom 2040   
From net investment income   
Class A $– $11,910,732 
Class M – 3,348,294 
Class C – 560,185 
Class I – 9,099,703 
Total $– $24,918,914 
From net realized gain   
Class A $15,889,579 $34,090,941 
Class M 5,327,205 11,320,686 
Class B – 170,019 
Class C 1,326,213 2,679,478 
Class I 11,417,156 23,291,076 
Total $33,960,153 $71,552,200 
Advisor Freedom 2045   
From net investment income   
Class A $– $6,743,556 
Class M – 1,906,757 
Class C – 189,014 
Class I – 5,692,571 
Total $– $14,531,898 
From net realized gain   
Class A $8,592,288 $18,452,182 
Class M 2,875,818 5,768,381 
Class B – 39,187 
Class C 419,922 829,711 
Class I 6,905,761 13,952,584 
Total $18,793,789 $39,042,045 
Advisor Freedom 2050   
From net investment income   
Class A $– $4,709,123 
Class M – 1,501,192 
Class C – 192,567 
Class I – 4,786,719 
Total $– $11,189,601 
From net realized gain   
Class A $5,843,566 $12,279,605 
Class M 2,118,981 4,394,815 
Class B – 48,585 
Class C 399,060 839,720 
Class I 5,537,663 11,235,299 
Total $13,899,270 $28,798,024 
Advisor Freedom 2055   
From net investment income   
Class A $– $1,870,569 
Class M – 561,240 
Class C – 55,815 
Class I 14,088 2,079,458 
Total $14,088 $4,567,082 
From net realized gain   
Class A $1,940,250 $4,075,271 
Class M 629,701 1,364,510 
Class C 91,423 180,787 
Class I 2,000,472 3,950,916 
Total $4,661,846 $9,571,484 
Advisor Freedom 2060   
From net investment income   
Class A $– $172,576 
Class M – 37,768 
Class C – 5,349 
Class I 1,886 159,040 
Total $1,886 $374,733 
From net realized gain   
Class A $191,194 $226,072 
Class M 56,458 57,107 
Class C 11,316 18,997 
Class I 196,101 149,505 
Total $455,069 $451,681 

 (a) Amounts for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.


7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017 (a) Year ended March 31, 2017 Six months ended September 30, 2017 (a) Year ended March 31, 2017 
Advisor Freedom Income     
Class A     
Shares sold 693,930 2,494,487 $7,689,073 $26,903,908 
Reinvestment of distributions 88,243 246,230 969,134 2,629,753 
Shares redeemed (1,472,947) (4,027,001) (16,290,945) (43,404,632) 
Net increase (decrease) (690,774) (1,286,284) $(7,632,738) $(13,870,971) 
Class M     
Shares sold 570,584 1,069,596 $6,297,677 $11,534,711 
Reinvestment of distributions 35,399 95,143 388,481 1,014,496 
Shares redeemed (722,554) (1,678,273) (7,982,668) (18,101,104) 
Net increase (decrease) (116,571) (513,534) $(1,296,510) $(5,551,897) 
Class B     
Shares sold – 1,191 $– $12,706 
Reinvestment of distributions – 508 – 5,371 
Shares redeemed – (62,185) – (661,437) 
Net increase (decrease) – (60,486) $– $(643,360) 
Class C     
Shares sold 132,464 198,081 $1,465,025 $2,132,123 
Reinvestment of distributions 8,796 25,254 96,200 268,554 
Shares redeemed (204,140) (287,063) (2,254,683) (3,096,537) 
Net increase (decrease) (62,880) (63,728) $(693,458) $(695,860) 
Class I     
Shares sold 1,229,456 2,592,320 $13,648,772 $28,091,075 
Reinvestment of distributions 95,899 231,637 1,057,385 2,482,393 
Shares redeemed (1,566,731) (3,194,359) (17,420,987) (34,573,157) 
Net increase (decrease) (241,376) (370,402) $(2,714,830) $(3,999,689) 
Class Z6     
Shares sold 59,457 – $665,758 $– 
Reinvestment of distributions 93 – 1,038 – 
Shares redeemed (4,387) – (49,306) – 
Net increase (decrease) 55,163 – $617,490 $– 
Advisor Freedom 2005     
Class A     
Shares sold 710,449 2,248,874 $8,537,894 $26,161,114 
Reinvestment of distributions 130,025 414,812 1,540,794 4,716,740 
Shares redeemed (1,362,091) (4,357,389) (16,338,484) (50,652,047) 
Net increase (decrease) (521,617) (1,693,703) $(6,259,796) $(19,774,193) 
Class M     
Shares sold 316,857 674,483 $3,791,961 $7,841,512 
Reinvestment of distributions 28,637 88,172 339,057 1,002,121 
Shares redeemed (389,748) (1,039,759) (4,667,680) (12,094,590) 
Net increase (decrease) (44,254) (277,104) $(536,662) $(3,250,957) 
Class B     
Shares sold – $– $26 
Reinvestment of distributions – 408 – 4,639 
Shares redeemed – (29,514) – (337,993) 
Net increase (decrease) – (29,104) $– $(333,328) 
Class C     
Shares sold 18,891 50,507 $226,605 $586,955 
Reinvestment of distributions 5,060 15,214 59,907 172,750 
Shares redeemed (34,430) (132,932) (412,072) (1,546,152) 
Net increase (decrease) (10,479) (67,211) $(125,560) $(786,447) 
Class I     
Shares sold 591,531 1,711,139 $7,148,628 $20,022,716 
Reinvestment of distributions 69,492 215,242 829,041 2,463,732 
Shares redeemed (797,414) (2,317,228) (9,632,035) (27,091,146) 
Net increase (decrease) (136,391) (390,847) $(1,654,366) $(4,604,698) 
Class Z6     
Shares sold 8,728 – $105,168 $– 
Net increase (decrease) 8,728 – $105,168 $– 
Advisor Freedom 2010     
Class A     
Shares sold 1,693,014 4,202,210 $21,178,701 $50,632,735 
Reinvestment of distributions 395,050 1,136,991 4,867,016 13,390,689 
Shares redeemed (3,327,882) (11,642,884) (41,611,858) (140,759,640) 
Net increase (decrease) (1,239,818) (6,303,683) $(15,566,141) $(76,736,216) 
Class M     
Shares sold 673,529 1,568,969 $8,413,146 $18,878,541 
Reinvestment of distributions 122,196 321,077 1,500,569 3,768,669 
Shares redeemed (1,110,766) (2,892,565) (13,838,718) (34,889,456) 
Net increase (decrease) (315,041) (1,002,519) $(3,925,003) $(12,242,246) 
Class B     
Shares sold – 493 $– $5,909 
Reinvestment of distributions – 1,445 – 16,965 
Shares redeemed – (97,295) – (1,146,600) 
Net increase (decrease) – (95,357) $– $(1,123,726) 
Class C     
Shares sold 51,129 162,229 $631,864 $1,942,907 
Reinvestment of distributions 38,663 92,679 472,070 1,082,047 
Shares redeemed (237,599) (421,870) (2,934,146) (5,021,203) 
Net increase (decrease) (147,807) (166,962) $(1,830,212) $(1,996,249) 
Class I     
Shares sold 1,753,998 2,987,760 $22,040,064 $36,241,094 
Reinvestment of distributions 206,079 549,470 2,549,198 6,498,678 
Shares redeemed (2,098,343) (5,005,652) (26,337,687) (60,609,754) 
Net increase (decrease) (138,266) (1,468,422) $(1,748,425) $(17,869,982) 
Class Z6     
Shares sold 21,185 – $267,412 $– 
Shares redeemed – – – – 
Net increase (decrease) 21,185 – $267,412 $– 
Advisor Freedom 2015     
Class A     
Shares sold 3,699,271 11,192,220 $46,659,253 $134,714,283 
Reinvestment of distributions 1,030,485 2,687,681 12,788,314 31,512,077 
Shares redeemed (9,514,115) (23,911,759) (119,805,415) (287,958,855) 
Net increase (decrease) (4,784,359) (10,031,858) $(60,357,848) $(121,732,495) 
Class M     
Shares sold 1,633,629 3,553,783 $20,579,813 $42,739,339 
Reinvestment of distributions 281,416 680,892 3,486,742 7,971,907 
Shares redeemed (2,548,721) (5,938,688) (32,121,706) (71,417,477) 
Net increase (decrease) (633,676) (1,704,013) $(8,055,151) $(20,706,231) 
Class B     
Shares sold – 289 $– $3,362 
Reinvestment of distributions – 4,552 – 52,894 
Shares redeemed – (268,343) – (3,136,375) 
Net increase (decrease) – (263,502) $– $(3,080,119) 
Class C     
Shares sold 245,296 429,086 $3,061,315 $5,148,246 
Reinvestment of distributions 89,895 198,520 1,107,505 2,308,212 
Shares redeemed (527,835) (1,065,959) (6,606,626) (12,720,124) 
Net increase (decrease) (192,644) (438,353) $(2,437,806) $(5,263,666) 
Class I     
Shares sold 3,950,388 6,719,861 $50,176,514 $81,632,572 
Reinvestment of distributions 531,308 1,388,672 6,646,667 16,411,339 
Shares redeemed (4,979,403) (13,153,332) (63,300,915) (159,964,116) 
Net increase (decrease) (497,707) (5,044,799) $(6,477,734) $(61,920,205) 
Class Z6     
Shares sold 58,108 – $748,361 $– 
Shares redeemed (14) – (182) – 
Net increase (decrease) 58,094 – $748,179 $– 
Advisor Freedom 2020     
Class A     
Shares sold 7,698,385 22,259,083 $104,399,175 $284,697,924 
Reinvestment of distributions 1,644,482 4,781,037 21,953,842 59,403,628 
Shares redeemed (16,256,050) (43,489,286) (220,508,536) (556,732,167) 
Net increase (decrease) (6,913,183) (16,449,166) $(94,155,519) $(212,630,615) 
Class M     
Shares sold 3,237,179 8,239,623 $43,864,120 $105,605,312 
Reinvestment of distributions 482,153 1,282,077 6,436,743 15,926,563 
Shares redeemed (5,420,382) (11,253,403) (73,536,732) (144,187,473) 
Net increase (decrease) (1,701,050) (1,731,703) $(23,235,869) $(22,655,598) 
Class B     
Shares sold – 754 $– $9,263 
Reinvestment of distributions – 12,000 – 147,357 
Shares redeemed – (650,519) – (8,037,147) 
Net increase (decrease) – (637,765) $– $(7,880,527) 
Class C     
Shares sold 494,869 952,705 $6,642,473 $12,091,583 
Reinvestment of distributions 114,973 288,834 1,524,547 3,559,407 
Shares redeemed (820,759) (2,034,383) (11,033,406) (25,901,629) 
Net increase (decrease) (210,917) (792,844) $(2,866,386) $(10,250,639) 
Class I     
Shares sold 9,191,177 17,509,622 $125,711,242 $225,983,350 
Reinvestment of distributions 984,796 2,753,677 13,245,502 34,489,320 
Shares redeemed (10,249,497) (25,762,580) (140,153,699) (332,675,770) 
Net increase (decrease) (73,524) (5,499,281) $(1,196,955) $(72,203,100) 
Class Z6     
Shares sold 81,641 – $1,130,006 $– 
Shares redeemed (4) – (57) – 
Net increase (decrease) 81,637 – $1,129,949 $– 
Advisor Freedom 2025     
Class A     
Shares sold 10,223,151 25,601,574 $137,596,138 $322,205,614 
Reinvestment of distributions 1,748,647 5,447,622 23,152,083 66,353,250 
Shares redeemed (18,149,452) (42,382,865) (244,123,980) (533,830,938) 
Net increase (decrease) (6,177,654) (11,333,669) $(83,375,759) $(145,272,074) 
Class M     
Shares sold 4,074,525 9,663,460 $54,871,417 $121,810,664 
Reinvestment of distributions 475,833 1,365,367 6,314,307 16,658,442 
Shares redeemed (5,013,104) (11,675,916) (67,769,724) (147,231,177) 
Net increase (decrease) (462,746) (647,089) $(6,584,000) $(8,762,071) 
Class B     
Shares sold – 575 $– $6,910 
Reinvestment of distributions – 10,996 – 131,516 
Shares redeemed – (506,132) – (6,082,906) 
Net increase (decrease) – (494,561) $– $(5,944,480) 
Class C     
Shares sold 597,642 1,173,292 $7,924,276 $14,579,050 
Reinvestment of distributions 102,674 285,842 1,341,944 3,429,289 
Shares redeemed (839,549) (1,482,837) (11,167,401) (18,448,804) 
Net increase (decrease) (139,233) (23,703) $(1,901,181) $(440,465) 
Class I     
Shares sold 12,456,410 21,283,507 $169,072,041 $270,333,001 
Reinvestment of distributions 1,080,131 3,304,105 14,419,751 40,606,737 
Shares redeemed (11,101,484) (28,567,674) (150,688,513) (363,666,811) 
Net increase (decrease) 2,435,057 (3,980,062) $32,803,279 $(52,727,073) 
Class Z6     
Shares sold 149,584 – $2,064,946 $– 
Shares redeemed (1) – (21) – 
Net increase (decrease) 149,583 – $2,064,925 $– 
Advisor Freedom 2030     
Class A     
Shares sold 9,345,678 24,154,997 $135,385,903 $322,352,172 
Reinvestment of distributions 1,655,811 5,047,646 23,578,744 64,726,553 
Shares redeemed (16,320,651) (37,622,901) (236,419,968) (502,399,777) 
Net increase (decrease) (5,319,162) (8,420,258) $(77,455,321) $(115,321,052) 
Class M     
Shares sold 3,751,361 9,067,980 $54,095,505 $120,441,600 
Reinvestment of distributions 516,426 1,490,663 7,322,915 19,010,341 
Shares redeemed (5,412,207) (11,814,020) (78,219,567) (157,007,286) 
Net increase (decrease) (1,144,420) (1,255,377) $(16,801,147) $(17,555,345) 
Class B     
Shares sold – 806 $– $10,114 
Reinvestment of distributions – 13,509 – 169,402 
Shares redeemed – (539,084) – (6,796,686) 
Net increase (decrease) – (524,769) $– $(6,617,170) 
Class C     
Shares sold 468,877 1,101,268 $6,690,797 $14,505,929 
Reinvestment of distributions 105,240 279,157 1,476,519 3,516,570 
Shares redeemed (769,623) (1,426,059) (10,979,510) (18,791,556) 
Net increase (decrease) (195,506) (45,634) $(2,812,194) $(769,057) 
Class I     
Shares sold 12,332,960 18,963,300 $179,528,799 $254,803,137 
Reinvestment of distributions 1,095,092 3,331,692 15,681,718 42,991,010 
Shares redeemed (11,717,058) (26,887,285) (171,165,196) (361,278,339) 
Net increase (decrease) 1,710,994 (4,592,293) $24,045,321 $(63,484,192) 
Class Z6     
Shares sold 183,200 – $2,710,153 $– 
Shares redeemed (7,867) – (116,302) – 
Net increase (decrease) 175,333 – $2,593,851 $– 
Advisor Freedom 2035     
Class A     
Shares sold 7,992,002 20,964,331 $112,006,192 $266,773,952 
Reinvestment of distributions 1,322,102 4,215,522 18,192,117 51,222,283 
Shares redeemed (14,163,041) (31,584,221) (198,682,623) (403,185,266) 
Net increase (decrease) (4,848,937) (6,404,368) $(68,484,314) $(85,189,031) 
Class M     
Shares sold 3,378,859 8,015,582 $47,043,316 $101,168,617 
Reinvestment of distributions 393,884 1,171,573 5,376,517 14,118,577 
Shares redeemed (4,317,595) (8,653,016) (60,273,267) (109,243,486) 
Net increase (decrease) (544,852) 534,139 $(7,853,434) $6,043,708 
Class B     
Shares sold – 387 $– $4,628 
Reinvestment of distributions – 11,097 – 130,498 
Shares redeemed – (378,032) – (4,470,318) 
Net increase (decrease) – (366,548) $– $(4,335,192) 
Class C     
Shares sold 363,338 820,719 $4,968,545 $10,303,416 
Reinvestment of distributions 74,708 199,168 1,004,845 2,358,471 
Shares redeemed (478,252) (910,537) (6,554,528) (11,305,483) 
Net increase (decrease) (40,206) 109,350 $(581,138) $1,356,404 
Class I     
Shares sold 10,961,543 16,521,392 $154,670,734 $212,505,868 
Reinvestment of distributions 877,267 2,773,266 12,150,148 33,964,901 
Shares redeemed (9,206,928) (24,049,130) (130,128,444) (309,011,122) 
Net increase (decrease) 2,631,882 (4,754,472) $36,692,438 $(62,540,353) 
Class Z6     
Shares sold 88,843 – $1,276,618 $– 
Shares redeemed (1,444) – (21,046) – 
Net increase (decrease) 87,399 – $1,255,572 $– 
Advisor Freedom 2040     
Class A     
Shares sold 6,464,806 17,466,598 $97,018,052 $237,762,232 
Reinvestment of distributions 1,059,069 3,476,525 15,589,489 45,294,736 
Shares redeemed (11,582,904) (26,454,006) (173,897,525) (361,822,566) 
Net increase (decrease) (4,059,029) (5,510,883) $(61,289,984) $(78,765,598) 
Class M     
Shares sold 2,837,595 7,472,615 $42,422,281 $101,507,043 
Reinvestment of distributions 360,060 1,120,388 5,282,073 14,523,730 
Shares redeemed (3,723,018) (9,684,613) (55,695,056) (131,502,202) 
Net increase (decrease) (525,363) (1,091,610) $(7,990,702) $(15,471,429) 
Class B     
Shares sold – 811 $– $10,383 
Reinvestment of distributions – 12,839 – 162,282 
Shares redeemed – (438,998) – (5,572,683) 
Net increase (decrease) – (425,348) $– $(5,400,018) 
Class C     
Shares sold 336,142 800,047 $4,926,421 $10,704,582 
Reinvestment of distributions 90,429 248,578 1,303,985 3,160,945 
Shares redeemed (430,174) (1,091,446) (6,329,691) (14,671,044) 
Net increase (decrease) (3,603) (42,821) $(99,285) $(805,517) 
Class I     
Shares sold 9,518,985 15,829,040 $143,627,068 $218,014,568 
Reinvestment of distributions 770,415 2,469,110 11,409,848 32,375,295 
Shares redeemed (9,206,748) (21,207,635) (139,180,781) (291,344,802) 
Net increase (decrease) 1,082,652 (2,909,485) $15,856,135 $(40,954,939) 
Class Z6     
Shares sold 58,249 – $893,250 $– 
Shares redeemed (11) – (169) – 
Net increase (decrease) 58,238 – $893,081 $– 
Advisor Freedom 2045     
Class A     
Shares sold 6,873,772 17,252,582 $79,855,165 $181,853,072 
Reinvestment of distributions 735,929 2,462,232 8,389,594 24,750,233 
Shares redeemed (9,408,765) (22,305,034) (109,315,181) (235,715,209) 
Net increase (decrease) (1,799,064) (2,590,220) $(21,070,422) $(29,111,904) 
Class M     
Shares sold 2,844,000 6,628,910 $32,793,225 $69,214,923 
Reinvestment of distributions 252,396 764,715 2,857,125 7,631,868 
Shares redeemed (2,908,844) (6,339,013) (33,628,561) (66,446,041) 
Net increase (decrease) 187,552 1,054,612 $2,021,789 $10,400,750 
Class B     
Shares sold – – $– $– 
Reinvestment of distributions – 4,003 – 39,186 
Shares redeemed – (129,611) – (1,280,562) 
Net increase (decrease) – (125,608) $– $(1,241,376) 
Class C     
Shares sold 295,463 583,548 $3,368,727 $6,073,526 
Reinvestment of distributions 37,358 102,586 418,413 1,011,119 
Shares redeemed (300,915) (525,797) (3,424,602) (5,471,361) 
Net increase (decrease) 31,906 160,337 $362,538 $1,613,284 
Class I     
Shares sold 9,155,236 15,244,964 $106,980,974 $162,005,611 
Reinvestment of distributions 602,398 1,939,715 6,903,478 19,643,941 
Shares redeemed (7,425,975) (18,032,871) (86,928,475) (191,509,176) 
Net increase (decrease) 2,331,659 (848,192) $26,955,977 $(9,859,624) 
Class Z6     
Shares sold 55,570 – $660,918 $– 
Shares redeemed (2) – (21) – 
Net increase (decrease) 55,568 – $660,897 $– 
Advisor Freedom 2050     
Class A     
Shares sold 5,829,735 13,799,385 $67,379,254 $144,640,305 
Reinvestment of distributions 501,280 1,662,896 5,689,532 16,634,412 
Shares redeemed (7,079,295) (15,826,474) (81,839,322) (166,323,863) 
Net increase (decrease) (748,280) (364,193) $(8,770,536) $(5,049,146) 
Class M     
Shares sold 2,410,814 5,371,614 $27,757,252 $55,898,271 
Reinvestment of distributions 185,932 588,794 2,099,171 5,856,350 
Shares redeemed (2,491,742) (5,359,307) (28,733,259) (55,940,464) 
Net increase (decrease) 105,004 601,101 $1,123,164 $5,814,157 
Class B     
Shares sold – 29 $– $284 
Reinvestment of distributions – 4,919 – 47,861 
Shares redeemed – (174,970) – (1,712,712) 
Net increase (decrease) – (170,022) $– $(1,664,567) 
Class C     
Shares sold 280,560 567,474 $3,197,831 $5,874,580 
Reinvestment of distributions 35,614 103,905 398,525 1,020,402 
Shares redeemed (231,317) (548,371) (2,631,081) (5,674,279) 
Net increase (decrease) 84,857 123,008 $965,275 $1,220,703 
Class I     
Shares sold 7,805,936 14,138,033 $90,784,115 $149,514,359 
Reinvestment of distributions 485,066 1,591,607 5,534,602 16,017,973 
Shares redeemed (6,396,137) (15,379,922) (74,568,753) (162,081,239) 
Net increase (decrease) 1,894,865 349,718 $21,749,964 $3,451,093 
Class Z6     
Shares sold 95,235 – $1,128,859 $– 
Shares redeemed (4,630) – (55,554) – 
Net increase (decrease) 90,605 – $1,073,305 $– 
Advisor Freedom 2055     
Class A     
Shares sold 3,584,007 7,916,560 $45,237,715 $90,375,985 
Reinvestment of distributions 148,594 523,156 1,841,074 5,707,929 
Shares redeemed (2,587,102) (6,295,906) (32,703,456) (72,106,749) 
Net increase (decrease) 1,145,499 2,143,810 $14,375,333 $23,977,165 
Class M     
Shares sold 1,281,837 2,732,217 $16,104,448 $31,007,914 
Reinvestment of distributions 50,863 177,026 627,648 1,922,189 
Shares redeemed (997,121) (1,948,491) (12,555,754) (22,224,779) 
Net increase (decrease) 335,579 960,752 $4,176,342 $10,705,324 
Class C     
Shares sold 126,894 316,652 $1,586,213 $3,576,645 
Reinvestment of distributions 7,427 21,848 91,423 236,075 
Shares redeemed (71,235) (151,022) (891,497) (1,727,417) 
Net increase (decrease) 63,086 187,478 $786,139 $2,085,303 
Class I     
Shares sold 4,314,796 8,513,386 $54,705,290 $97,753,864 
Reinvestment of distributions 161,934 550,025 2,014,456 6,030,191 
Shares redeemed (2,607,573) (6,340,869) (33,157,439) (72,851,876) 
Net increase (decrease) 1,869,157 2,722,542 $23,562,307 $30,932,179 
Class Z6     
Shares sold 76,821 – $992,824 $– 
Shares redeemed (261) – (3,419) – 
Net increase (decrease) 76,560 – $989,405 $– 
Advisor Freedom 2060     
Class A     
Shares sold 1,145,344 1,725,527 $12,770,567 $17,397,251 
Reinvestment of distributions 17,221 40,951 188,740 397,839 
Shares redeemed (345,804) (990,604) (3,855,852) (9,965,288) 
Net increase (decrease) 816,761 775,874 $9,103,455 $7,829,802 
Class M     
Shares sold 400,116 493,796 $4,466,292 $5,040,285 
Reinvestment of distributions 5,151 9,778 56,458 94,875 
Shares redeemed (110,205) (303,525) (1,238,012) (3,017,633) 
Net increase (decrease) 295,062 200,049 $3,284,738 $2,117,527 
Class C     
Shares sold 54,667 85,955 $611,222 $874,633 
Reinvestment of distributions 1,029 2,528 11,316 24,346 
Shares redeemed (25,046) (110,184) (282,238) (1,080,968) 
Net increase (decrease) 30,650 (21,701) $340,300 $(181,989) 
Class I     
Shares sold 1,154,373 1,641,454 $12,928,141 $16,721,474 
Reinvestment of distributions 18,015 31,488 197,987 308,545 
Shares redeemed (366,727) (596,496) (4,129,006) (6,056,581) 
Net increase (decrease) 805,661 1,076,446 $8,997,122 $10,973,438 
Class Z6     
Shares sold 28,751 – $326,639 $– 
Shares redeemed (b) – (2) – 
Net increase (decrease) 28,751 – $326,637 $– 

 (a) Amounts for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to September 30, 2017

 (b) Amounts represents less than one share.


8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

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 Series Equity Growth Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Equity Value Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Growth & Income Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Growth Opportunities Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Opportunistic Insights Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Short-Term Credit Fund 16% 26% 23% –% –% –% 
Fidelity Advisor Series Small Cap Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Stock Selector Large Cap Value Fund –% 11% 15% 17% 16% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Advisor Series Equity Growth Fund 100% 
Fidelity Advisor Series Equity Value Fund 100% 
Fidelity Advisor Series Growth & Income Fund 100% 
Fidelity Advisor Series Growth Opportunities Fund 100% 
Fidelity Advisor Series Opportunistic Insights Fund 100% 
Fidelity Advisor Series Short-Term Credit Fund 100% 
Fidelity Advisor Series Small Cap Fund 100% 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 100% 

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017) for Class A, Class M, Class C, and Class I and for the period (June 6, 2017 to September 30, 2017) for Class Z6. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period 
Advisor Freedom Income     
Class A .56%    
Actual  $1,000.00 $1,035.60 $2.86-B,C 
Hypothetical-D  $1,000.00 $1,022.26 $2.84-C,E 
Class M .81%    
Actual  $1,000.00 $1,034.40 $4.13-B,C 
Hypothetical-D  $1,000.00 $1,021.01 $4.10-C,E 
Class C 1.31%    
Actual  $1,000.00 $1,031.70 $6.67-B,C 
Hypothetical-D  $1,000.00 $1,018.50 $6.63-C,E 
Class I .31%    
Actual  $1,000.00 $1,036.70 $1.58-B,C 
Hypothetical-D  $1,000.00 $1,023.51 $1.57-C,E 
Class Z6 .37%    
Actual  $1,000.00 $1,016.90 $1.20-B 
Hypothetical-D  $1,000.00 $1,023.21 $1.88-E 
Advisor Freedom 2005     
Class A .58%    
Actual  $1,000.00 $1,044.30 $2.97-B,C 
Hypothetical-D  $1,000.00 $1,022.16 $2.94-C,E 
Class M .83%    
Actual  $1,000.00 $1,042.80 $4.25-B,C 
Hypothetical-D  $1,000.00 $1,020.91 $4.20-C,E 
Class C 1.33%    
Actual  $1,000.00 $1,041.40 $6.81-B,C 
Hypothetical-D  $1,000.00 $1,018.40 $6.73-C,E 
Class I .33%    
Actual  $1,000.00 $1,045.60 $1.69-B,C 
Hypothetical-D  $1,000.00 $1,023.41 $1.67-C,E 
Class Z6 .38%    
Actual  $1,000.00 $1,020.80 $1.23-B 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-E 
Advisor Freedom 2010     
Class A .60%    
Actual  $1,000.00 $1,052.10 $3.09-B,C 
Hypothetical-D  $1,000.00 $1,022.06 $3.04-C,E 
Class M .85%    
Actual  $1,000.00 $1,050.80 $4.37-B,C 
Hypothetical-D  $1,000.00 $1,020.81 $4.31-C,E 
Class C 1.35%    
Actual  $1,000.00 $1,048.20 $6.93-B,C 
Hypothetical-D  $1,000.00 $1,018.30 $6.83-C,E 
Class I .35%    
Actual  $1,000.00 $1,053.40 $1.80-B,C 
Hypothetical-D  $1,000.00 $1,023.31 $1.78-C,E 
Class Z6 .40%    
Actual  $1,000.00 $1,024.80 $1.30-B 
Hypothetical-D  $1,000.00 $1,023.06 $2.03-E 
Advisor Freedom 2015     
Class A .63%    
Actual  $1,000.00 $1,059.10 $3.25-B,C 
Hypothetical-D  $1,000.00 $1,021.91 $3.19-C,E 
Class M .88%    
Actual  $1,000.00 $1,057.70 $4.54-B,C 
Hypothetical-D  $1,000.00 $1,020.66 $4.46-C,E 
Class C 1.38%    
Actual  $1,000.00 $1,056.00 $7.11-B,C 
Hypothetical-D  $1,000.00 $1,018.15 $6.98-C,E 
Class I .38%    
Actual  $1,000.00 $1,060.90 $1.96-B,C 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-C,E 
Class Z6 .42%    
Actual  $1,000.00 $1,028.40 $1.37-B 
Hypothetical-D  $1,000.00 $1,022.96 $2.13-E 
Advisor Freedom 2020     
Class A .66%    
Actual  $1,000.00 $1,063.80 $3.41-B,C 
Hypothetical-D  $1,000.00 $1,021.76 $3.35-C,E 
Class M .91%    
Actual  $1,000.00 $1,063.30 $4.71-B,C 
Hypothetical-D  $1,000.00 $1,020.51 $4.61-C,E 
Class C 1.41%    
Actual  $1,000.00 $1,060.90 $7.28-B,C 
Hypothetical-D  $1,000.00 $1,018.00 $7.13-C,E 
Class I .41%    
Actual  $1,000.00 $1,065.60 $2.12-B,C 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-C,E 
Class Z6 .44%    
Actual  $1,000.00 $1,031.60 $1.43-B 
Hypothetical-D  $1,000.00 $1,022.86 $2.23-E 
Advisor Freedom 2025     
Class A .69%    
Actual  $1,000.00 $1,068.20 $3.58-B,C 
Hypothetical-D  $1,000.00 $1,021.61 $3.50-C,E 
Class M .94%    
Actual  $1,000.00 $1,067.40 $4.87-B,C 
Hypothetical-D  $1,000.00 $1,020.36 $4.76-C,E 
Class C 1.44%    
Actual  $1,000.00 $1,064.80 $7.45-B,C 
Hypothetical-D  $1,000.00 $1,017.85 $7.28-C,E 
Class I .44%    
Actual  $1,000.00 $1,069.80 $2.28-B,C 
Hypothetical-D  $1,000.00 $1,022.86 $2.23-C,E 
Class Z6 .45%    
Actual  $1,000.00 $1,034.00 $1.47-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Advisor Freedom 2030     
Class A .72%    
Actual  $1,000.00 $1,079.70 $3.75-B,C 
Hypothetical-D  $1,000.00 $1,021.46 $3.65-C,E 
Class M .97%    
Actual  $1,000.00 $1,078.80 $5.05-B,C 
Hypothetical-D  $1,000.00 $1,020.21 $4.91-C,E 
Class C 1.47%    
Actual  $1,000.00 $1,075.20 $7.65-B,C 
Hypothetical-D  $1,000.00 $1,017.70 $7.44-C,E 
Class I .47%    
Actual  $1,000.00 $1,080.60 $2.45-B,C 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-C,E 
Class Z6 .47%    
Actual  $1,000.00 $1,039.20 $1.54-B 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-E 
Advisor Freedom 2035     
Class A .75%    
Actual  $1,000.00 $1,087.60 $3.92-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,085.30 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,082.70 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,088.40 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.40 $1.60-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2040     
Class A .75%    
Actual  $1,000.00 $1,087.70 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,086.20 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.40 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,089.30 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.90 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2045     
Class A .75%    
Actual  $1,000.00 $1,088.40 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,085.80 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.90 $7.84-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,089.40 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.80 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2050     
Class A .75%    
Actual  $1,000.00 $1,087.90 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,086.80 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.60 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,088.90 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,044.00 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2055     
Class A .76%    
Actual  $1,000.00 $1,088.10 $3.98-B,C 
Hypothetical-D  $1,000.00 $1,021.26 $3.85-C,E 
Class M 1.01%    
Actual  $1,000.00 $1,086.90 $5.28-B,C 
Hypothetical-D  $1,000.00 $1,020.00 $5.11-C,E 
Class C 1.51%    
Actual  $1,000.00 $1,083.80 $7.89-B,C 
Hypothetical-D  $1,000.00 $1,017.50 $7.64-C,E 
Class I .51%    
Actual  $1,000.00 $1,089.20 $2.67-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,044.30 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2060     
Class A .78%    
Actual  $1,000.00 $1,087.80 $4.08-B,C 
Hypothetical-D  $1,000.00 $1,021.16 $3.95-C,E 
Class M 1.03%    
Actual  $1,000.00 $1,086.30 $5.39-B,C 
Hypothetical-D  $1,000.00 $1,019.85 $5.22-C,E 
Class C 1.53%    
Actual  $1,000.00 $1,084.10 $7.99-B,C 
Hypothetical-D  $1,000.00 $1,017.40 $7.74-C,E 
Class I .53%    
Actual  $1,000.00 $1,089.00 $2.78-B,C 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.90 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period. Multiplied by 183/365 (to reflect the on-half year period) for Class A, Class M, Class C and Class I and multiplied by 117/365 (to reflect the period June 6, 2017 to September 30, 2017) for Class Z6. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio

 C If fees and changes to the class level expense contract and/ or expense cap, effective June 1, 2017, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in table below:

 D 5% return per year before expenses

 E Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio


 Annualized Expense Ratio-(a)
 
Expenses Paid
 
Advisor Freedom Income   
Class A .72%  
Actual  $3.67 
Hypothetical-(b)  $3.65 
Class M .97%  
Actual  $4.94 
Hypothetical-(b)  $4.91 
Class C 1.47%  
Actual  $7.48 
Hypothetical-(b)  $7.44 
Class I .47%  
Actual  $2.40 
Hypothetical-(b)  $2.38 
Advisor Freedom 2005   
Class A .74%  
Actual  $3.79 
Hypothetical-(b)  $3.75 
Class M .99%  
Actual  $5.07 
Hypothetical-(b)  $5.01 
Class C 1.49%  
Actual  $7.62 
Hypothetical-(b)  $7.54 
Class I .49%  
Actual  $2.51 
Hypothetical-(b)  $2.48 
Advisor Freedom 2010   
Class A .78%  
Actual  $4.01 
Hypothetical-(b)  $3.95 
Class M 1.03%  
Actual  $5.29 
Hypothetical-(b)  $5.22 
Class C 1.53%  
Actual  $7.85 
Hypothetical-(b)  $7.74 
Class I .53%  
Actual  $2.73 
Hypothetical-(b)  $2.69 
Advisor Freedom 2015   
Class A .83%  
Actual  $4.28 
Hypothetical-(b)  $4.20 
Class M 1.08%  
Actual  $5.57 
Hypothetical-(b)  $5.47 
Class C 1.58%  
Actual  $8.14 
Hypothetical-(b)  $7.99 
Class I .58%  
Actual  $3.00 
Hypothetical-(b)  $2.94 
Advisor Freedom 2020   
Class A .87%  
Actual  $4.50 
Hypothetical-(b)  $4.41 
Class M 1.12%  
Actual  $5.79 
Hypothetical-(b)  $5.67 
Class C 1.62%  
Actual  $8.37 
Hypothetical-(b)  $8.19 
Class I .62%  
Actual  $3.21 
Hypothetical-(b)  $3.14 
Advisor Freedom 2025   
Class A .91%  
Actual  $4.72 
Hypothetical-(b)  $4.61 
Class M 1.16%  
Actual  $6.01 
Hypothetical-(b)  $5.87 
Class C 1.66%  
Actual  $8.59 
Hypothetical-(b)  $8.39 
Class I .66%  
Actual  $3.42 
Hypothetical-(b)  $3.35 
Advisor Freedom 2030   
Class A .95%  
Actual  $4.95 
Hypothetical-(b)  $4.81 
Class M 1.20%  
Actual  $6.25 
Hypothetical-(b)  $6.07 
Class C 1.70%  
Actual  $8.84 
Hypothetical-(b)  $8.59 
Class I .70%  
Actual  $3.65 
Hypothetical-(b)  $3.55 
Advisor Freedom 2035   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.13 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.92 
Hypothetical-(b)  $3.80 
Advisor Freedom 2040   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.13 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2045   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2050   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.54 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.92 
Hypothetical-(b)  $3.80 
Advisor Freedom 2055   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.54 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2060   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and would be realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that the Advisory Contract currently in place for each Freedom fund had become effective on June 1, 2017 after receiving shareholder approval and had implemented a new fee structure whereby each Freedom fund pays an all-inclusive management fee that varies by class and the underlying Fidelity funds in which the Freedom fund invests no longer pay expenses, with certain limited exceptions.

In considering whether to renew the Advisory Contract and administration agreement for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Advisor Freedom 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 2017, after receiving shareholder approval. The Board noted that the new pricing structure will reduce the overall expenses that shareholders pay and provide for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when the fund did not pay a top-level management fee.

The Board instead compared each fund's current class-level management fee rate (calculated using Schedule A of the Advisory Contract with 2017 as a base year to derive the "Years to Retirement") relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that each fund's current class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the current total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2016. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that each fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes of each fund vary primarily by the level of their 12b-1 fees.

The Board noted that the current total expense ratio of Class A 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, and Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class A of each other fund (including expenses of the underlying funds in which each fund invests) ranks equal to the median.

The Board noted that the current total expense ratio of Class M (formerly Class T) of each fund (including expenses of the underlying funds in which each fund invests) ranks above the median total expenses for competitor funds based on the competitive data for 2016. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that the current total expense ratio of Class M is above the competitive median primarily because of higher 12b-1 fees on Class M as compared to most competitor funds. Class M has a higher 12b-1 fee, but a lower front-end sales charge, than traditionally priced front-end sales charge classes. The Board considered that Class M is primarily sold load-waived in the retirement plan market where its 0.50% 12b-1 fee is comparable to competing no-load, higher 12b-1 fee classes designed specifically for retirement plans. The Board noted that, when compared with institutional load funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of certain funds is below median and the total expense ratio of Class M of the remaining funds is above median due to small class size.

The Board noted that the current total expense ratio of Class C of Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class C of each other fund (including expenses of the underlying funds in which each fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that the current total expense ratio of Class C is above the competitive median primarily because of its 1.00% 12b-1 fee. The Board noted that, when compared with competitor funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of certain funds is below median and the total expense ratio of Class C of the remaining funds is above the median due to small class size.

The Board noted that the current total expense ratio of Class I 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, and Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class I of each other fund (including expenses of the underlying funds in which each fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that, for each fund for which the current total expense ratio of Class I is above the competitive median, the class is above the competitive median because a number of competitor target date funds that Lipper previously categorized as passive were moved to the active target date mapped group in 2016, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest in passive products, the current total expense ratio of Class I of each such fund (had it been in effect for 2016) ranks equal to the competitive median.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that, although some classes were above the median of the universe presented for comparison, the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

Because the funds only recently began paying management fees, the Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund prior to the change in fee arrangements were not a material factor in its approval of the continuance of each fund's current Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that due to each fund's current contractual arrangements its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.

Proxy Voting Results

A special meeting of shareholders was held on December 22, 2016. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.

PROPOSAL 1

To elect a Board of Trustees.

 # of
Votes 
% of
Votes 
Elizabeth S. Acton   
Affirmative 67,962,879,437.90 95.738 
Withheld 3,026,199,416.67  4.262 
TOTAL 70,989,078,854.57 100.000 
John Engler   
Affirmative 67,621,098,922.89 95.256 
Withheld 3,367,979,931.68 4.744 
TOTAL 70,989,078,854.57 100.000 
Albert R. Gamper, Jr.   
Affirmative 67,692,979,200.48  95.357 
Withheld 3,296,099,654.09 4.643 
TOTAL 70,989,078,854.57 100.000 
Robert F. Gartland   
Affirmative 67,834,076,287.79  95.556 
Withheld 3,155,002,566.78 4.444 
TOTAL 70,989,078,854.57 100.000 
Abigail P. Johnson   
Affirmative 67,845,327,470.44 95.572 
Withheld 3,143,751,384.13  4.428 
TOTAL 70,989,078,854.57 100.000 
Arthur E. Johnson   
Affirmative 67,698,760,709.29 95.366 
Withheld 3,290,318,145.28  4.634 
TOTAL 70,989,078,854.57 100.000 
Michael E. Kenneally   
Affirmative 67,851,407,081.44 95.581 
Withheld 3,137,671,773.13 4.419 
TOTAL 70,989,078,854.57 100.000 
James H. Keyes   
Affirmative 67,741,432,698.10 95.426 
Withheld 3,247,646,156.47  4.574 
TOTAL 70,989,078,854.57 100.000 
Marie L. Knowles   
Affirmative 67,825,908,094.48 95.545 
Withheld 3,163,170,760.09 4.455 
TOTAL 70,989,078,854.57 100.000 
Jennifer Toolin McAuliffe   
Affirmative 67,916,195,545.89 95.672 
Withheld 3,072,883,308.68 4.328 
TOTAL 70,989,078,854.57 100.000 
Mark A. Murray   
Affirmative 67,892,016,830.18  95.638 
Withheld 3,097,062,024.39  4.362 
TOTAL 70,989,078,854.57 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® Income Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 85,251,884.39 69.404 
Against 3,248,153.80 2.645 
Abstain 7,651,900.89 6.229 
Broker Non - Votes 26,683,531.06 21.722 
TOTAL 122,835,470.14 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2005 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 104,918,089.41 84.809 
Against 1,185,803.11 0.959 
Abstain 6,564,213.11 5.306 
Broker Non - Votes 11,043,458.16 8.926 
TOTAL 123,711,563.79 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2010 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 232,611,697.84 74.922 
Against 11,461,526.43 3.692 
Abstain 29,639,214.91 9.546 
Broker Non - Votes 36,763,082.82 11.840 
TOTAL 310,475,522.00 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2015 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 548,078,311.69 78.368 
Against 16,992,566.61 2.430 
Abstain 57,952,658.11 8.286 
Broker Non - Votes 76,344,954.21 10.916 
TOTAL 699,368,490.62 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2020 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,137,261,248.88 77.150 
Against 35,533,566.57 2.411 
Abstain 136,839,251.72 9.283 
Broker Non - Votes 164,457,263.22 11.156 
TOTAL 1,474,091,330.39 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2025 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,255,478,449.41 78.487 
Against 44,735,339.17 2.797 
Abstain 145,469,169.68 9.094 
Broker Non - Votes 153,924,578.28 9.622 
TOTAL 1,599,607,536.54 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2030 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,226,267,757.60 80.351 
Against 31,873,988.50 2.088 
Abstain 110,830,250.94 7.262 
Broker Non - Votes 157,183,625.59 10.299 
TOTAL 1,526,155,622.63 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2035 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 908,985,343.52 79.343 
Against 22,941,350.78 2.003 
Abstain 97,899,339.75 8.545 
Broker Non - Votes 115,819,884.16 10.109 
TOTAL 1,145,645,918.21 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2040 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 840,431,151.67 78.401 
Against 26,715,584.05 2.493 
Abstain 73,602,846.50 6.866 
Broker Non - Votes 131,218,047.69 12.240 
TOTAL 1,071,967,629.91 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2045 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 476,508,002.95 78.867 
Against 13,746,796.22 2.276 
Abstain 69,790,004.16 11.550 
Broker Non - Votes 44,152,928.00 7.307 
TOTAL 604,197,731.33 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2050 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 384,190,657.46 78.166 
Against 8,160,289.70 1.660 
Abstain 46,850,601.81 9.532 
Broker Non - Votes 52,306,732.32 10.642 
TOTAL 491,508,281.29 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2055 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 151,140,362.83 82.558 
Against 2,733,414.43 1.494 
Abstain 17,989,283.33 9.826 
Broker Non - Votes 11,209,493.08 6.122 
TOTAL 183,072,553.67 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Advisor Freedom® 2060 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 11,372,900.89 87.585 
Against 328,975.28 2.534 
Abstain 1,024,180.04 7.887 
Broker Non - Votes 259,028.49 1.994 
TOTAL 12,985,084.70 100.000 

Proposal 1 reflects trust-wide proposal and voting results.

The special meeting of shareholders of Fidelity Advisor Freedom® 2015 Fund reconvened on January 27, 2017 with respect to proposal 2.

The special meeting of shareholders of Fidelity Advisor Freedom® 2020 Fund reconvened on February 24, 2017 with respect to proposal 2.

The special meeting of shareholders of Fidelity Advisor Freedom® 2025 Fund reconvened on March 24, 2017 with respect to proposal 2.

The special meeting of shareholders of 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 reconvened on April 19, 2017 with respect to proposal 2.





Fidelity Investments

AFF-SANN-1117
1.792138.114




Fidelity Advisor Freedom® Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 - Class Z6



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Advisor Freedom® Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Advisor Freedom® 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Advisor Freedom® Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 37.4 37.5 
Fidelity Series Government Money Market Fund 1.09% 21.3 21.1 
Fidelity Advisor Series Short-Term Credit Fund 6.5 6.8 
Fidelity Series Emerging Markets Fund 4.0 4.7 
Fidelity Series Inflation-Protected Bond Index Fund 3.6 3.8 
Fidelity Series International Value Fund 2.8 2.7 
Fidelity Series International Growth Fund 2.8 2.7 
Fidelity Advisor Series Growth & Income Fund 2.7 2.0 
Fidelity Series Commodity Strategy Fund 2.0 1.7 
Fidelity Series Long-Term Treasury Bond Index Fund 1.8 0.0 
 84.9 83.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.8% 
   International Equity Funds 10.6% 
   Bond Funds 45.9% 
   Short-Term Funds 27.8% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 17.1% 
   International Equity Funds 10.7% 
   Bond Funds 44.3% 
   Short-Term Funds 27.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Advisor Freedom® Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 15.8%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 217,979 $3,178,141 
Fidelity Advisor Series Equity Value Fund (a) 276,339 3,705,708 
Fidelity Advisor Series Growth & Income Fund (a) 391,938 5,871,237 
Fidelity Advisor Series Growth Opportunities Fund (a) 155,883 2,046,737 
Fidelity Advisor Series Opportunistic Insights Fund (a) 157,354 2,915,770 
Fidelity Advisor Series Small Cap Fund (a) 129,514 1,593,017 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 281,537 3,792,298 
Fidelity Series 100 Index Fund (a) 98,394 1,630,382 
Fidelity Series 1000 Value Index Fund (a) 49,956 627,442 
Fidelity Series All-Sector Equity Fund (a) 164,011 2,192,825 
Fidelity Series Commodity Strategy Fund (a) 835,735 4,370,893 
Fidelity Series Real Estate Equity Fund (a) 28,247 364,673 
Fidelity Series Small Cap Opportunities Fund (a) 137,313 1,919,630 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $25,985,333)  34,208,753 
International Equity Funds - 10.6%   
Fidelity Series Canada Fund (a) 57,403 610,767 
Fidelity Series Emerging Markets Fund (a) 417,377 8,597,964 
Fidelity Series International Growth Fund (a) 377,698 6,001,624 
Fidelity Series International Small Cap Fund (a) 81,377 1,457,467 
Fidelity Series International Value Fund (a) 569,799 6,136,732 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $16,329,952)  22,804,554 
Bond Funds - 45.9%   
Fidelity Series Emerging Markets Debt Fund (a) 162,232 1,696,946 
Fidelity Series Floating Rate High Income Fund (a) 55,842 529,944 
Fidelity Series High Income Fund (a) 323,872 3,157,747 
Fidelity Series Inflation-Protected Bond Index Fund (a) 795,406 7,866,570 
Fidelity Series International Credit Fund (a) 11,000 110,548 
Fidelity Series Investment Grade Bond Fund (a) 7,145,692 80,817,777 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 448,523 3,942,517 
Fidelity Series Real Estate Income Fund (a) 97,225 1,086,003 
TOTAL BOND FUNDS   
(Cost $96,161,421)  99,208,052 
Short-Term Funds - 27.8%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,418,329 14,183,295 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 45,981,026 45,981,026 
TOTAL SHORT-TERM FUNDS   
(Cost $60,128,801)  60,164,321 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $198,605,507)  216,385,680 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (131,726) 
NET ASSETS - 100%  $216,253,954 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $3,622,423 $139,221 $1,078,342 $-- $259,320 $235,519 $3,178,141 
Fidelity Advisor Series Equity Value Fund 6,526,095 223,757 3,134,843(a) 50,467 412,072 (321,373) 3,705,708 
Fidelity Advisor Series Growth & Income Fund 4,502,313 2,261,870(a) 1,052,404 18,725 20,484 138,974 5,871,237 
Fidelity Advisor Series Growth Opportunities Fund 2,377,485 90,322 707,428 -- 124,801 161,557 2,046,737 
Fidelity Advisor Series Opportunistic Insights Fund 3,365,394 129,645 982,303 -- 375,700 27,334 2,915,770 
Fidelity Advisor Series Short-Term Credit Fund 15,074,623 792,897 1,714,968 116,594 504 30,239 14,183,295 
Fidelity Advisor Series Small Cap Fund 1,822,727 69,125 426,335 -- 51,698 75,802 1,593,017 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4,345,160 166,149 873,905 -- 152,252 2,642 3,792,298 
Fidelity Series 100 Index Fund 1,864,666 71,229 430,158 -- 98,581 26,064 1,630,382 
Fidelity Series 1000 Value Index Fund 723,143 28,367 152,361 -- 22,447 5,846 627,442 
Fidelity Series All-Sector Equity Fund 2,529,199 96,165 610,313 -- 94,386 83,388 2,192,825 
Fidelity Series Canada Fund -- 604,725 1,392 -- -- 7,434 610,767 
Fidelity Series Commodity Strategy Fund 3,784,080 1,060,914 454,570 6,651 (55,436) 35,905 4,370,893 
Fidelity Series Emerging Markets Debt Fund 1,696,529 109,245 146,579 51,440 901 36,850 1,696,946 
Fidelity Series Emerging Markets Fund 10,546,969 388,492 3,866,695 -- 624,138 905,060 8,597,964 
Fidelity Series Floating Rate High Income Fund 556,274 36,437 61,075 12,351 (1,892) 200 529,944 
Fidelity Series Government Money Market Fund 1.09% 47,143,634 3,597,194 4,759,802 208,516 -- -- 45,981,026 
Fidelity Series High Income Fund 3,245,598 232,401 366,447 87,891 (6,840) 53,035 3,157,747 
Fidelity Series Inflation-Protected Bond Index Fund 8,414,121 375,514 940,544 4,607 (22,932) 40,411 7,866,570 
Fidelity Series International Credit Fund -- 109,998 -- -- -- 550 110,548 
Fidelity Series International Growth Fund 5,929,825 386,271 1,101,251 -- 102,218 684,561 6,001,624 
Fidelity Series International Small Cap Fund 1,335,728 102,397 199,879 -- 13,083 206,138 1,457,467 
Fidelity Series International Value Fund 5,944,546 527,330 981,657 -- 58,020 588,493 6,136,732 
Fidelity Series Investment Grade Bond Fund 83,657,371 4,903,336 8,860,932 1,019,729 20,963 1,097,039 80,817,777 
Fidelity Series Long-Term Treasury Bond Index Fund 80,695 4,015,409 139,445 16,299 (4,349) (9,793) 3,942,517 
Fidelity Series Real Estate Equity Fund 430,986 26,556 90,644 3,180 7,255 (9,480) 364,673 
Fidelity Series Real Estate Income Fund 1,112,586 80,669 114,902 27,197 1,667 5,983 1,086,003 
Fidelity Series Small Cap Opportunities Fund 2,184,630 217,959 453,899 3,549 126,014 (155,074) 1,919,630 
Total $222,816,800 $20,843,594 $33,703,073 $1,627,196 $2,475,055 $3,953,304 $216,385,680 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $198,605,507) — See accompanying schedule  $216,385,680 
Cash  
Receivable for investments sold  245,105 
Receivable for fund shares sold  220,905 
Total assets  216,851,691 
Liabilities   
Payable for investments purchased $61,594  
Payable for fund shares redeemed 407,575  
Accrued management fee 83,694  
Distribution and service plan fees payable 44,874  
Total liabilities  597,737 
Net Assets  $216,253,954 
Net Assets consist of:   
Paid in capital  $196,129,403 
Undistributed net investment income  216,533 
Accumulated undistributed net realized gain (loss) on investments  2,127,845 
Net unrealized appreciation (depreciation) on investments  17,780,173 
Net Assets  $216,253,954 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($82,342,708 ÷ 7,350,240 shares)  $11.20 
Maximum offering price per share (100/94.25 of $11.20)  $11.88 
Class M:   
Net Asset Value and redemption price per share ($38,127,371 ÷ 3,406,354 shares)  $11.19 
Maximum offering price per share (100/96.50 of $11.19)  $11.60 
Class C:   
Net Asset Value and offering price per share ($14,077,256 ÷ 1,260,129 shares)(a)  $11.17 
Class I:   
Net Asset Value, offering price and redemption price per share ($81,086,796 ÷ 7,215,364 shares)  $11.24 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($619,823 ÷ 55,163 shares)  $11.24 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,627,196 
Expenses   
Management fee $338,445  
Distribution and service plan fees 272,717  
Independent trustees' fees and expenses 403  
Total expenses before reductions 611,565  
Expense reductions (146) 611,419 
Net investment income (loss)  1,015,777 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 2,475,055  
Capital gain distributions from underlying funds 305,972  
Total net realized gain (loss)  2,781,027 
Change in net unrealized appreciation (depreciation) on underlying funds  3,953,304 
Net gain (loss)  6,734,331 
Net increase (decrease) in net assets resulting from operations  $7,750,108 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,015,777 $3,413,880 
Net realized gain (loss) 2,781,027 2,794,177 
Change in net unrealized appreciation (depreciation) 3,953,304 6,889,975 
Net increase (decrease) in net assets resulting from operations 7,750,108 13,098,032 
Distributions to shareholders from net investment income (990,242) (3,407,660) 
Distributions to shareholders from net realized gain (1,555,493) (3,107,675) 
Total distributions (2,545,735) (6,515,335) 
Share transactions - net increase (decrease) (11,720,046) (24,761,777) 
Total increase (decrease) in net assets (6,515,673) (18,179,080) 
Net Assets   
Beginning of period 222,769,627 240,948,707 
End of period $216,253,954 $222,769,627 
Other Information   
Undistributed net investment income end of period $216,533 $190,998 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom Income Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.94 $10.64 $11.07 $11.20 $11.21 $10.98 
Income from Investment Operations       
Net investment income (loss)A .05 .16 .18 .16 .12 .12 
Net realized and unrealized gain (loss) .34 .44 (.25) .24 .28 .37 
Total from investment operations .39 .60 (.07) .40 .40 .49 
Distributions from net investment income (.05) (.16)B (.18) (.17) (.12) (.12) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.13) (.30) (.36)C (.53) (.41) (.26) 
Net asset value, end of period $11.20 $10.94 $10.64 $11.07 $11.20 $11.21 
Total ReturnD,E,F 3.56% 5.74% (.59)% 3.65% 3.65% 4.53% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .56%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .56%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .56%I .25% .25% .25% .25% .25% 
Net investment income (loss) .92%I 1.47% 1.63% 1.48% 1.10% 1.08% 
Supplemental Data       
Net assets, end of period (000 omitted) $82,343 $87,983 $99,211 $124,755 $147,818 $176,876 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.36 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.187 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.93 $10.62 $11.06 $11.19 $11.20 $10.96 
Income from Investment Operations       
Net investment income (loss)A .04 .13 .15 .14 .09 .09 
Net realized and unrealized gain (loss) .33 .45 (.25) .23 .28 .38 
Total from investment operations .37 .58 (.10) .37 .37 .47 
Distributions from net investment income (.04) (.13)B (.15) (.14) (.09) (.09) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.11)C (.27) (.34) (.50) (.38) (.23) 
Net asset value, end of period $11.19 $10.93 $10.62 $11.06 $11.19 $11.20 
Total ReturnD,E,F 3.44% 5.56% (.93)% 3.39% 3.40% 4.35% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .81%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .81%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .81%I .50% .50% .50% .50% .50% 
Net investment income (loss) .67%I 1.22% 1.38% 1.23% .85% .83% 
Supplemental Data       
Net assets, end of period (000 omitted) $38,127 $38,513 $42,887 $47,804 $53,019 $53,734 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.11 per share is comprised of distributions from net investment income of $.036 and distributions from net realized gain of $.077 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.91 $10.61 $11.04 $11.17 $11.18 $10.96 
Income from Investment Operations       
Net investment income (loss)A .01 .08 .09 .08 .04 .04 
Net realized and unrealized gain (loss) .33 .44 (.24) .24 .28 .36 
Total from investment operations .34 .52 (.15) .32 .32 .40 
Distributions from net investment income (.01) (.08)B (.10) (.09) (.04) (.04) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.08)C (.22) (.28)D (.45) (.33) (.18) 
Net asset value, end of period $11.17 $10.91 $10.61 $11.04 $11.17 $11.18 
Total ReturnE,F,G 3.17% 4.99% (1.35)% 2.90% 2.89% 3.70% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.31%J 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) .17%J .72% .88% .73% .35% .33% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,077 $14,434 $14,712 $15,780 $15,735 $16,606 
Portfolio turnover rateH 19%J 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.08 per share is comprised of distributions from net investment income of $.007 and distributions from net realized gain of $.077 per share.

 D Total distributions of $.28 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.187 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 H Amounts do not include the activity of the Underlying Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $10.98 $10.67 $11.10 $11.23 $11.23 $11.00 
Income from Investment Operations       
Net investment income (loss)A .06 .19 .20 .19 .15 .15 
Net realized and unrealized gain (loss) .34 .45 (.24) .24 .29 .37 
Total from investment operations .40 .64 (.04) .43 .44 .52 
Distributions from net investment income (.06) (.19)B (.20) (.19) (.15) (.14) 
Distributions from net realized gain (.08) (.14)B (.19) (.36) (.29) (.14) 
Total distributions (.14) (.33) (.39) (.56)C (.44) (.29)D 
Net asset value, end of period $11.24 $10.98 $10.67 $11.10 $11.23 $11.23 
Total ReturnE,F 3.67% 6.07% (.34)% 3.89% 3.98% 4.75% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .31%I - %J - %J - %J - %J - %J 
Expenses net of fee waivers, if any .31%I -% -% -% -% -% 
Expenses net of all reductions .31%I -% -% -% -% -% 
Net investment income (loss) 1.17%I 1.72% 1.88% 1.73% 1.35% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $81,087 $81,839 $83,497 $83,253 $71,933 $77,976 
Portfolio turnover rateG 19%I 38% 30% 38% 36% 17% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.56 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.361 per share.

 D Total distributions of $.29 per share is comprised of distributions from net investment income of $.144 and distributions from net realized gain of $.141 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized

 J Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom Income Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.09 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .12 
Total from investment operations .19 
Distributions from net investment income (.04) 
Distributions from net realized gain – 
Total distributions (.04) 
Net asset value, end of period $11.24 
Total ReturnC,D 1.69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .37%G 
Expenses net of fee waivers, if any .37%G 
Expenses net of all reductions .37%G 
Net investment income (loss) 1.93%G 
Supplemental Data  
Net assets, end of period (000 omitted) $620 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 33.7 33.7 
Fidelity Series Government Money Market Fund 1.09% 16.5 16.0 
Fidelity Advisor Series Short-Term Credit Fund 4.9 5.1 
Fidelity Series Emerging Markets Fund 4.9 5.7 
Fidelity Advisor Series Growth & Income Fund 4.1 3.0 
Fidelity Series International Value Fund 3.9 3.8 
Fidelity Series International Growth Fund 3.7 3.8 
Fidelity Series Inflation-Protected Bond Index Fund 3.1 3.3 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 2.7 2.9 
Fidelity Advisor Series Equity Value Fund 2.6 4.4 
 80.1 81.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 13.8% 
   Bond Funds 41.8% 
   Short-Term Funds 21.4% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 24.6% 
   International Equity Funds 14.2% 
   Bond Funds 40.1% 
   Short-Term Funds 21.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 320,101 $4,667,068 
Fidelity Advisor Series Equity Value Fund (a) 405,857 5,442,537 
Fidelity Advisor Series Growth & Income Fund (a) 575,679 8,623,665 
Fidelity Advisor Series Growth Opportunities Fund (a) 228,902 3,005,482 
Fidelity Advisor Series Opportunistic Insights Fund (a) 231,106 4,282,399 
Fidelity Advisor Series Small Cap Fund (a) 190,262 2,340,224 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 413,526 5,570,190 
Fidelity Series 100 Index Fund (a) 144,495 2,394,282 
Fidelity Series 1000 Value Index Fund (a) 73,401 921,918 
Fidelity Series All-Sector Equity Fund (a) 240,844 3,220,082 
Fidelity Series Commodity Strategy Fund (a) 801,836 4,193,604 
Fidelity Series Real Estate Equity Fund (a) 41,475 535,436 
Fidelity Series Small Cap Opportunities Fund (a) 201,730 2,820,185 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $36,087,774)  48,017,072 
International Equity Funds - 13.8%   
Fidelity Series Canada Fund (a) 75,610 804,487 
Fidelity Series Emerging Markets Fund (a) 493,611 10,168,393 
Fidelity Series International Growth Fund (a) 493,538 7,842,326 
Fidelity Series International Small Cap Fund (a) 106,802 1,912,816 
Fidelity Series International Value Fund (a) 750,015 8,077,662 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $20,281,078)  28,805,684 
Bond Funds - 41.8%   
Fidelity Series Emerging Markets Debt Fund (a) 153,606 1,606,717 
Fidelity Series Floating Rate High Income Fund (a) 53,400 506,770 
Fidelity Series High Income Fund (a) 321,232 3,132,008 
Fidelity Series Inflation-Protected Bond Index Fund (a) 662,573 6,552,844 
Fidelity Series International Credit Fund (a) 10,454 105,063 
Fidelity Series Investment Grade Bond Fund (a) 6,209,616 70,230,755 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 450,399 3,959,003 
Fidelity Series Real Estate Income Fund (a) 91,051 1,017,043 
TOTAL BOND FUNDS   
(Cost $84,982,152)  87,110,203 
Short-Term Funds - 21.4%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,021,439 10,214,390 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 34,413,831 34,413,831 
TOTAL SHORT-TERM FUNDS   
(Cost $44,609,072)  44,628,221 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $185,960,076)  208,561,180 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (126,355) 
NET ASSETS - 100%  $208,434,825 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $5,113,587 $151,352 $1,302,736 $-- $309,429 $395,436 $4,667,068 
Fidelity Advisor Series Equity Value Fund 9,212,567 276,287 4,179,094(a) 71,824 631,883 (499,106) 5,442,537 
Fidelity Advisor Series Growth & Income Fund 6,355,742 3,110,765(a) 1,072,276 26,896 42,032 187,402 8,623,665 
Fidelity Advisor Series Growth Opportunities Fund 3,356,221 95,151 853,568 -- 149,114 258,564 3,005,482 
Fidelity Advisor Series Opportunistic Insights Fund 4,750,821 140,758 1,182,517 -- 449,633 123,704 4,282,399 
Fidelity Advisor Series Short-Term Credit Fund 10,744,581 440,202 991,883 83,244 (110) 21,600 10,214,390 
Fidelity Advisor Series Small Cap Fund 2,572,982 72,678 490,297 -- 59,099 125,762 2,340,224 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 6,133,876 174,165 965,146 -- 171,852 55,443 5,570,190 
Fidelity Series 100 Index Fund 2,632,246 74,748 492,285 -- 111,588 67,985 2,394,282 
Fidelity Series 1000 Value Index Fund 1,020,866 28,971 169,320 -- 25,054 16,347 921,918 
Fidelity Series All-Sector Equity Fund 3,570,349 101,429 706,789 -- 101,598 153,495 3,220,082 
Fidelity Series Canada Fund -- 796,588 3,583 -- 23 11,459 804,487 
Fidelity Series Commodity Strategy Fund 3,530,818 1,009,031 332,066 6,451 (129,784) 115,605 4,193,604 
Fidelity Series Emerging Markets Debt Fund 1,593,475 88,094 110,437 48,359 1,003 34,582 1,606,717 
Fidelity Series Emerging Markets Fund 12,120,840 352,712 4,060,425 -- 612,670 1,142,596 10,168,393 
Fidelity Series Floating Rate High Income Fund 526,149 28,257 46,015 11,703 (1,532) (89) 506,770 
Fidelity Series Government Money Market Fund 1.09% 33,687,414 3,532,864 2,806,447 152,778 -- -- 34,413,831 
Fidelity Series High Income Fund 3,176,907 185,579 276,092 86,251 (4,635) 50,249 3,132,008 
Fidelity Series Inflation-Protected Bond Index Fund 6,934,016 228,283 623,959 3,812 (14,852) 29,356 6,552,844 
Fidelity Series International Credit Fund -- 104,540 -- -- -- 523 105,063 
Fidelity Series International Growth Fund 7,950,969 255,733 1,406,639 -- 243,009 799,254 7,842,326 
Fidelity Series International Small Cap Fund 1,809,980 59,543 249,341 -- 31,309 261,325 1,912,816 
Fidelity Series International Value Fund 7,971,369 354,345 1,100,879 -- 83,333 769,494 8,077,662 
Fidelity Series Investment Grade Bond Fund 71,039,111 4,174,438 5,928,809 873,226 8,915 937,100 70,230,755 
Fidelity Series Long-Term Treasury Bond Index Fund 68,945 3,978,571 73,501 15,928 (3,971) (11,041) 3,959,003 
Fidelity Series Real Estate Equity Fund 608,427 31,663 101,441 4,638 9,659 (12,872) 535,436 
Fidelity Series Real Estate Income Fund 1,032,613 64,230 86,601 25,370 4,018 2,783 1,017,043 
Fidelity Series Small Cap Opportunities Fund 3,083,854 288,730 508,587 5,271 145,699 (189,511) 2,820,185 
Total $210,598,725 $20,199,707 $30,120,733 $1,415,751 $3,036,036 $4,847,445 $208,561,180 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $185,960,076) — See accompanying schedule  $208,561,180 
Cash  
Receivable for investments sold  369,105 
Receivable for fund shares sold  147,738 
Total assets  209,078,032 
Liabilities   
Payable for investments purchased $14  
Payable for fund shares redeemed 517,033  
Accrued management fee 85,687  
Distribution and service plan fees payable 40,473  
Total liabilities  643,207 
Net Assets  $208,434,825 
Net Assets consist of:   
Paid in capital  $182,130,301 
Undistributed net investment income  801,622 
Accumulated undistributed net realized gain (loss) on investments  2,901,798 
Net unrealized appreciation (depreciation) on investments  22,601,104 
Net Assets  $208,434,825 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($116,187,426 ÷ 9,522,091 shares)  $12.20 
Maximum offering price per share (100/94.25 of $12.20)  $12.94 
Class M:   
Net Asset Value and redemption price per share ($27,367,395 ÷ 2,246,458 shares)  $12.18 
Maximum offering price per share (100/96.50 of $12.18)  $12.62 
Class C:   
Net Asset Value and offering price per share ($5,658,843 ÷ 465,516 shares)(a)  $12.16 
Class I:   
Net Asset Value, offering price and redemption price per share ($59,113,854 ÷ 4,809,593 shares)  $12.29 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($107,307 ÷ 8,728 shares)  $12.29 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,415,751 
Expenses   
Management fee $341,380  
Distribution and service plan fees 242,824  
Independent trustees' fees and expenses 382  
Total expenses before reductions 584,586  
Expense reductions (138) 584,448 
Net investment income (loss)  831,303 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 3,036,036  
Capital gain distributions from underlying funds 447,338  
Total net realized gain (loss)  3,483,374 
Change in net unrealized appreciation (depreciation) on underlying funds  4,847,445 
Net gain (loss)  8,330,819 
Net increase (decrease) in net assets resulting from operations  $9,162,122 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $831,303 $3,297,866 
Net realized gain (loss) 3,483,374 4,204,099 
Change in net unrealized appreciation (depreciation) 4,847,445 8,708,121 
Net increase (decrease) in net assets resulting from operations 9,162,122 16,210,086 
Distributions to shareholders from net investment income (447,746) (3,541,599) 
Distributions to shareholders from net realized gain (2,366,033) (4,945,386) 
Total distributions (2,813,779) (8,486,985) 
Share transactions - net increase (decrease) (8,471,216) (28,749,623) 
Total increase (decrease) in net assets (2,122,873) (21,026,522) 
Net Assets   
Beginning of period 210,557,698 231,584,220 
End of period $208,434,825 $210,557,698 
Other Information   
Undistributed net investment income end of period $801,622 $418,065 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2005 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.84 $11.44 $12.10 $12.17 $11.90 $11.45 
Income from Investment Operations       
Net investment income (loss)A .05 .17 .19 .19 .13 .13 
Net realized and unrealized gain (loss) .47 .67 (.34) .36 .57 .53 
Total from investment operations .52 .84 (.15) .55 .70 .66 
Distributions from net investment income (.03) (.19)B (.20) (.19) (.12) (.13) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.16)C (.44) (.51)D (.62)E (.43) (.21)F 
Net asset value, end of period $12.20 $11.84 $11.44 $12.10 $12.17 $11.90 
Total ReturnG,H,I 4.43% 7.55% (1.23)% 4.60% 5.98% 5.79% 
Ratios to Average Net AssetsJ,K       
Expenses before reductions .58%L .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .58%L .25% .25% .25% .25% .25% 
Expenses net of all reductions .58%L .25% .25% .25% .25% .25% 
Net investment income (loss) .78%L 1.46% 1.62% 1.54% 1.10% 1.16% 
Supplemental Data       
Net assets, end of period (000 omitted) $116,187 $118,902 $134,262 $162,069 $187,224 $204,418 
Portfolio turnover rateJ 19%L 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.025 and distributions from net realized gain of $.135 per share.

 D Total distributions of $.51 per share is comprised of distributions from net investment income of $.196 and distributions from net realized gain of $.317 per share.

 E Total distributions of $.62 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.423 per share.

 F Total distributions of $.21 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.071 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Total returns do not include the effect of the sales charges.

 J Amounts do not include the activity of the Underlying Funds.

 K Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 L Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.83 $11.43 $12.09 $12.16 $11.90 $11.45 
Income from Investment Operations       
Net investment income (loss)A .03 .14 .16 .16 .10 .11 
Net realized and unrealized gain (loss) .47 .67 (.33) .35 .57 .52 
Total from investment operations .50 .81 (.17) .51 .67 .63 
Distributions from net investment income (.02) (.16)B (.17) (.16) (.10) (.11) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.15)C (.41) (.49) (.58) (.41) (.18) 
Net asset value, end of period $12.18 $11.83 $11.43 $12.09 $12.16 $11.90 
Total ReturnD,E,F 4.28% 7.29% (1.45)% 4.33% 5.68% 5.56% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .83%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .83%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .83%I .50% .50% .50% .50% .50% 
Net investment income (loss) .53%I 1.21% 1.37% 1.29% .85% .91% 
Supplemental Data       
Net assets, end of period (000 omitted) $27,367 $27,091 $29,347 $29,246 $29,912 $26,201 
Portfolio turnover rateG 19%I 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.017 and distributions from net realized gain of $.135 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.81 $11.41 $12.06 $12.14 $11.87 $11.42 
Income from Investment Operations       
Net investment income (loss)A – .08 .10 .10 .04 .05 
Net realized and unrealized gain (loss) .49 .67 (.33) .34 .58 .52 
Total from investment operations .49 .75 (.23) .44 .62 .57 
Distributions from net investment income – (.10)B (.10) (.10) (.04) (.05) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.14) (.35) (.42) (.52) (.35) (.12) 
Net asset value, end of period $12.16 $11.81 $11.41 $12.06 $12.14 $11.87 
Total ReturnC,D,E 4.14% 6.75% (1.98)% 3.73% 5.28% 5.01% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.33%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) .03%H .71% .87% .79% .35% .41% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,659 $5,623 $6,200 $7,410 $8,910 $8,118 
Portfolio turnover rateF 19%H 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.92 $11.51 $12.18 $12.25 $11.97 $11.51 
Income from Investment Operations       
Net investment income (loss)A .06 .20 .22 .22 .16 .16 
Net realized and unrealized gain (loss) .48 .68 (.34) .36 .58 .53 
Total from investment operations .54 .88 (.12) .58 .74 .69 
Distributions from net investment income (.03) (.22)B (.23) (.23) (.15) (.16) 
Distributions from net realized gain (.14) (.25)B (.32) (.42) (.31) (.07) 
Total distributions (.17) (.47) (.55) (.65) (.46) (.23) 
Net asset value, end of period $12.29 $11.92 $11.51 $12.18 $12.25 $11.97 
Total ReturnC,D 4.56% 7.87% (1.04)% 4.85% 6.29% 6.11% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .33%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .33%G -% -% -% -% -% 
Expenses net of all reductions .33%G -% -% -% -% -% 
Net investment income (loss) 1.03%G 1.71% 1.87% 1.79% 1.35% 1.41% 
Supplemental Data       
Net assets, end of period (000 omitted) $59,114 $58,940 $61,440 $66,255 $67,435 $70,364 
Portfolio turnover rateE 19%G 32% 30% 29% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2005 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.04 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .18 
Total from investment operations .25 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.29 
Total ReturnC,D 2.08% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .38%G 
Expenses net of fee waivers, if any .38%G 
Expenses net of all reductions .38%G 
Net investment income (loss) 1.73%G 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 30.2 30.3 
Fidelity Series Government Money Market Fund 1.09% 12.8 12.2 
Fidelity Series Emerging Markets Fund 5.8 6.6 
Fidelity Advisor Series Growth & Income Fund 5.3 3.8 
Fidelity Series International Value Fund 4.7 4.7 
Fidelity Series International Growth Fund 4.6 4.7 
Fidelity Advisor Series Short-Term Credit Fund 3.7 3.9 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 3.5 3.7 
Fidelity Advisor Series Equity Value Fund 3.4 5.6 
Fidelity Advisor Series Equity Growth Fund 2.9 3.1 
 76.9 78.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.2% 
   International Equity Funds 16.7% 
   Bond Funds 37.7% 
   Short-Term Funds 16.5% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 30.8% 
   International Equity Funds 17.1% 
   Bond Funds 36.0% 
   Short-Term Funds 16.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 996,031 $14,522,126 
Fidelity Advisor Series Equity Value Fund (a) 1,263,050 16,937,506 
Fidelity Advisor Series Growth & Income Fund (a) 1,791,419 26,835,450 
Fidelity Advisor Series Growth Opportunities Fund (a) 712,283 9,352,276 
Fidelity Advisor Series Opportunistic Insights Fund (a) 719,092 13,324,769 
Fidelity Advisor Series Small Cap Fund (a) 592,131 7,283,205 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 1,286,867 17,334,098 
Fidelity Series 100 Index Fund (a) 449,620 7,450,211 
Fidelity Series 1000 Value Index Fund (a) 228,399 2,868,697 
Fidelity Series All-Sector Equity Fund (a) 749,497 10,020,777 
Fidelity Series Commodity Strategy Fund (a) 1,920,322 10,043,282 
Fidelity Series Real Estate Equity Fund (a) 129,065 1,666,232 
Fidelity Series Small Cap Opportunities Fund (a) 627,721 8,775,534 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $110,203,844)  146,414,163 
International Equity Funds - 16.7%   
Fidelity Series Canada Fund (a) 222,216 2,364,383 
Fidelity Series Emerging Markets Fund (a) 1,399,703 28,833,885 
Fidelity Series International Growth Fund (a) 1,456,203 23,139,070 
Fidelity Series International Small Cap Fund (a) 314,719 5,636,617 
Fidelity Series International Value Fund (a) 2,207,784 23,777,832 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $59,912,128)  83,751,787 
Bond Funds - 37.7%   
Fidelity Series Emerging Markets Debt Fund (a) 369,401 3,863,933 
Fidelity Series Floating Rate High Income Fund (a) 127,520 1,210,167 
Fidelity Series High Income Fund (a) 770,604 7,513,388 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,272,482 12,584,843 
Fidelity Series International Credit Fund (a) 25,123 252,491 
Fidelity Series Investment Grade Bond Fund (a) 13,393,283 151,478,026 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,086,008 9,546,012 
Fidelity Series Real Estate Income Fund (a) 217,705 2,431,770 
TOTAL BOND FUNDS   
(Cost $183,702,377)  188,880,630 
Short-Term Funds - 16.5%   
Fidelity Advisor Series Short-Term Credit Fund (a) 1,859,731 18,597,309 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 63,805,218 63,805,218 
TOTAL SHORT-TERM FUNDS   
(Cost $82,377,091)  82,402,527 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $436,195,440)  501,449,107 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (353,177) 
NET ASSETS - 100%  $501,095,930 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $15,656,078 $324,720 $3,630,673 $-- $891,804 $1,280,197 $14,522,126 
Fidelity Advisor Series Equity Value Fund 28,203,890 627,637 12,310,571(a) 222,473 2,850,360 (2,433,810) 16,937,506 
Fidelity Advisor Series Growth & Income Fund 19,458,116 9,504,196(a) 2,838,810 83,771 109,906 602,042 26,835,450 
Fidelity Advisor Series Growth Opportunities Fund 10,275,629 212,690 2,393,758 -- 431,234 826,481 9,352,276 
Fidelity Advisor Series Opportunistic Insights Fund 14,545,452 301,817 3,286,902 -- 1,293,155 471,247 13,324,769 
Fidelity Advisor Series Short-Term Credit Fund 19,797,584 621,095 1,860,834 152,322 (177) 39,641 18,597,309 
Fidelity Advisor Series Small Cap Fund 7,871,358 162,080 1,325,728 -- 168,119 407,376 7,283,205 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 18,778,707 389,226 2,542,836 -- 498,920 210,081 17,334,098 
Fidelity Series 100 Index Fund 8,059,670 167,271 1,332,232 -- 349,439 206,063 7,450,211 
Fidelity Series 1000 Value Index Fund 3,126,118 64,828 450,464 -- 68,867 59,348 2,868,697 
Fidelity Series All-Sector Equity Fund 10,931,420 226,481 1,924,911 -- 302,227 485,560 10,020,777 
Fidelity Series Canada Fund -- 2,335,678 10,834 -- 57 39,482 2,364,383 
Fidelity Series Commodity Strategy Fund 8,363,369 2,521,260 807,362 15,398 (200,683) 166,698 10,043,282 
Fidelity Series Emerging Markets Debt Fund 3,863,369 184,257 269,444 116,759 2,505 83,246 3,863,933 
Fidelity Series Emerging Markets Fund 33,634,127 707,928 10,357,864 -- 1,663,012 3,186,682 28,833,885 
Fidelity Series Floating Rate High Income Fund 1,270,072 56,209 112,268 28,084 (4,147) 301 1,210,167 
Fidelity Series Government Money Market Fund 1.09% 62,061,398 7,002,797 5,258,977 282,555 -- -- 63,805,218 
Fidelity Series High Income Fund 7,700,215 376,694 673,608 207,949 (13,984) 124,071 7,513,388 
Fidelity Series Inflation-Protected Bond Index Fund 13,476,555 316,696 1,234,941 7,339 (24,210) 50,743 12,584,843 
Fidelity Series International Credit Fund -- 251,235 -- -- -- 1,256 252,491 
Fidelity Series International Growth Fund 23,784,996 536,208 4,282,715 -- 1,220,339 1,880,242 23,139,070 
Fidelity Series International Small Cap Fund 5,424,288 127,409 787,119 -- 208,181 663,858 5,636,617 
Fidelity Series International Value Fund 23,846,343 691,874 3,290,710 -- 309,325 2,221,000 23,777,832 
Fidelity Series Investment Grade Bond Fund 153,919,482 8,411,976 12,897,441 1,887,912 18,451 2,025,558 151,478,026 
Fidelity Series Long-Term Treasury Bond Index Fund 155,146 9,648,509 221,091 34,729 (8,286) (28,266) 9,546,012 
Fidelity Series Real Estate Equity Fund 1,862,474 83,025 269,480 14,325 31,112 (40,899) 1,666,232 
Fidelity Series Real Estate Income Fund 2,494,077 132,046 211,161 60,894 14,266 2,542 2,431,770 
Fidelity Series Small Cap Opportunities Fund 9,440,735 819,022 1,352,270 16,348 378,681 (510,634) 8,775,534 
Total $508,000,668 $46,804,864 $75,935,004 $3,130,858 $10,558,473 $12,020,106 $501,449,107 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $436,195,440) — See accompanying schedule  $501,449,107 
Cash  
Receivable for investments sold  1,509,279 
Receivable for fund shares sold  451,248 
Total assets  503,409,635 
Liabilities   
Payable for investments purchased $3,654  
Payable for fund shares redeemed 1,975,853  
Accrued management fee 222,698  
Distribution and service plan fees payable 111,500  
Total liabilities  2,313,705 
Net Assets  $501,095,930 
Net Assets consist of:   
Paid in capital  $423,673,081 
Undistributed net investment income  1,475,449 
Accumulated undistributed net realized gain (loss) on investments  10,693,733 
Net unrealized appreciation (depreciation) on investments  65,253,667 
Net Assets  $501,095,930 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($256,210,252 ÷ 20,106,659 shares)  $12.74 
Maximum offering price per share (100/94.25 of $12.74)  $13.52 
Class M:   
Net Asset Value and redemption price per share ($82,534,744 ÷ 6,503,350 shares)  $12.69 
Maximum offering price per share (100/96.50 of $12.69)  $13.15 
Class C:   
Net Asset Value and offering price per share ($28,312,712 ÷ 2,248,620 shares)(a)  $12.59 
Class I:   
Net Asset Value, offering price and redemption price per share ($133,766,822 ÷ 10,446,097 shares)  $12.81 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($271,400 ÷ 21,185 shares)  $12.81 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $3,130,858 
Expenses   
Management fee $890,261  
Distribution and service plan fees 674,907  
Independent trustees' fees and expenses 921  
Total expenses before reductions 1,566,089  
Expense reductions (334) 1,565,755 
Net investment income (loss)  1,565,103 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 10,558,473  
Capital gain distributions from underlying funds 1,379,950  
Total net realized gain (loss)  11,938,423 
Change in net unrealized appreciation (depreciation) on underlying funds  12,020,106 
Net gain (loss)  23,958,529 
Net increase (decrease) in net assets resulting from operations  $25,523,632 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,565,103 $7,994,033 
Net realized gain (loss) 11,938,423 14,958,776 
Change in net unrealized appreciation (depreciation) 12,020,106 24,180,114 
Net increase (decrease) in net assets resulting from operations 25,523,632 47,132,923 
Distributions to shareholders from net investment income (1,080,871) (8,289,234) 
Distributions to shareholders from net realized gain (8,427,944) (16,768,439) 
Total distributions (9,508,815) (25,057,673) 
Share transactions - net increase (decrease) (22,802,369) (109,968,419) 
Total increase (decrease) in net assets (6,787,552) (87,893,169) 
Net Assets   
Beginning of period 507,883,482 595,776,651 
End of period $501,095,930 $507,883,482 
Other Information   
Undistributed net investment income end of period $1,475,449 $991,217 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2010 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.34 $11.87 $12.72 $12.91 $12.50 $11.89 
Income from Investment Operations       
Net investment income (loss)A .04 .18 .20 .20 .15 .16 
Net realized and unrealized gain (loss) .60 .84 (.41) .44 .82 .70 
Total from investment operations .64 1.02 (.21) .64 .97 .86 
Distributions from net investment income (.03) (.19) (.21) (.22) (.14) (.16) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.24) (.55) (.64)B (.83) (.56) (.25) 
Net asset value, end of period $12.74 $12.34 $11.87 $12.72 $12.91 $12.50 
Total ReturnC,D,E 5.21% 8.87% (1.67)% 5.08% 7.86% 7.33% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .60%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .60%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .60%H .25% .25% .25% .25% .25% 
Net investment income (loss) .64%H 1.45% 1.63% 1.55% 1.15% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $256,210 $263,496 $328,232 $431,498 $502,834 $540,980 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.64 per share is comprised of distributions from net investment income of $.206 and distributions from net realized gain of $.437 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.30 $11.83 $12.68 $12.87 $12.46 $11.86 
Income from Investment Operations       
Net investment income (loss)A .02 .14 .17 .17 .11 .13 
Net realized and unrealized gain (loss) .60 .85 (.41) .43 .83 .69 
Total from investment operations .62 .99 (.24) .60 .94 .82 
Distributions from net investment income (.02) (.16) (.18) (.18) (.11) (.13) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.23) (.52) (.61)B (.79) (.53) (.22) 
Net asset value, end of period $12.69 $12.30 $11.83 $12.68 $12.87 $12.46 
Total ReturnC,D,E 5.08% 8.63% (1.92)% 4.81% 7.62% 6.98% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .85%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .85%H .50% .50% .50% .50% .50% 
Expenses net of all reductions .85%H .50% .50% .50% .50% .50% 
Net investment income (loss) .39%H 1.20% 1.38% 1.30% .90% 1.08% 
Supplemental Data       
Net assets, end of period (000 omitted) $82,535 $83,881 $92,543 $106,189 $124,997 $127,353 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.437 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.22 $11.76 $12.60 $12.79 $12.39 $11.79 
Income from Investment Operations       
Net investment income (loss)A (.01) .08 .11 .10 .05 .07 
Net realized and unrealized gain (loss) .59 .84 (.40) .44 .81 .69 
Total from investment operations .58 .92 (.29) .54 .86 .76 
Distributions from net investment income B (.10) (.11) (.12) (.05) (.07) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.41) (.09) 
Total distributions (.21) (.46) (.55) (.73) (.46) (.16) 
Net asset value, end of period $12.59 $12.22 $11.76 $12.60 $12.79 $12.39 
Total ReturnC,D,E 4.82% 8.07% (2.39)% 4.33% 7.04% 6.49% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.35%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.11)%H .70% .88% .80% .40% .58% 
Supplemental Data       
Net assets, end of period (000 omitted) $28,313 $29,290 $30,150 $34,839 $36,622 $38,562 
Portfolio turnover rateF 19%H 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.40 $11.92 $12.77 $12.96 $12.55 $11.94 
Income from Investment Operations       
Net investment income (loss)A .06 .21 .23 .23 .18 .19 
Net realized and unrealized gain (loss) .59 .85 (.40) .44 .82 .70 
Total from investment operations .65 1.06 (.17) .67 1.00 .89 
Distributions from net investment income (.04) (.22) (.24) (.25) (.17) (.19) 
Distributions from net realized gain (.21) (.36) (.44) (.61) (.42) (.09) 
Total distributions (.24)B (.58) (.68) (.86) (.59) (.28) 
Net asset value, end of period $12.81 $12.40 $11.92 $12.77 $12.96 $12.55 
Total ReturnC,D 5.34% 9.22% (1.40)% 5.34% 8.10% 7.56% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .35%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .35%G -% -% -% -% -% 
Expenses net of all reductions .35%G -% -% -% -% -% 
Net investment income (loss) .89%G 1.70% 1.88% 1.80% 1.40% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $133,767 $131,216 $143,715 $158,071 $191,276 $197,152 
Portfolio turnover rateE 19%G 26% 21% 22% 39% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.24 per share is comprised of distributions from net investment income of $.036 and distributions from net realized gain of $.208 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005% per share.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2010 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.50 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .23 
Total from investment operations .31 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.81 
Total ReturnC,D 2.48% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .40%G 
Expenses net of fee waivers, if any .40%G 
Expenses net of all reductions .40%G 
Net investment income (loss) 1.96%G 
Supplemental Data  
Net assets, end of period (000 omitted) $271 
Portfolio turnover rateE 19%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 26.6 26.7 
Fidelity Series Government Money Market Fund 1.09% 9.3 8.7 
Fidelity Advisor Series Growth & Income Fund 6.6 4.7 
Fidelity Series Emerging Markets Fund 6.4 7.3 
Fidelity Series International Value Fund 5.6 5.6 
Fidelity Series International Growth Fund 5.5 5.6 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4.2 4.5 
Fidelity Advisor Series Equity Value Fund 4.2 6.7 
Fidelity Advisor Series Equity Growth Fund 3.6 3.8 
Fidelity Advisor Series Opportunistic Insights Fund 3.3 3.5 
 75.3 77.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.5% 
   International Equity Funds 19.4% 
   Bond Funds 33.3% 
   Short-Term Funds 11.9% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 37.1% 
   International Equity Funds 19.8% 
   Bond Funds 31.6% 
   Short-Term Funds 11.5% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.5%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 2,886,974 $42,092,074 
Fidelity Advisor Series Equity Value Fund (a) 3,659,842 49,078,487 
Fidelity Advisor Series Growth & Income Fund (a) 5,191,166 77,763,674 
Fidelity Advisor Series Growth Opportunities Fund (a) 2,064,117 27,101,850 
Fidelity Advisor Series Opportunistic Insights Fund (a) 2,083,893 38,614,544 
Fidelity Advisor Series Small Cap Fund (a) 1,715,650 21,102,495 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 3,729,445 50,235,629 
Fidelity Series 100 Index Fund (a) 1,303,057 21,591,658 
Fidelity Series 1000 Value Index Fund (a) 661,856 8,312,910 
Fidelity Series All-Sector Equity Fund (a) 2,171,945 29,038,905 
Fidelity Series Commodity Strategy Fund (a) 4,504,235 23,557,149 
Fidelity Series Real Estate Equity Fund (a) 373,983 4,828,119 
Fidelity Series Small Cap Opportunities Fund (a) 1,818,634 25,424,498 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $310,918,052)  418,741,992 
International Equity Funds - 19.4%   
Fidelity Series Canada Fund (a) 621,003 6,607,472 
Fidelity Series Emerging Markets Fund (a) 3,679,129 75,790,047 
Fidelity Series International Growth Fund (a) 4,072,367 64,709,905 
Fidelity Series International Small Cap Fund (a) 879,920 15,759,368 
Fidelity Series International Value Fund (a) 6,177,771 66,534,590 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $161,569,309)  229,401,382 
Bond Funds - 33.3%   
Fidelity Series Emerging Markets Debt Fund (a) 849,269 8,883,353 
Fidelity Series Floating Rate High Income Fund (a) 298,127 2,829,224 
Fidelity Series High Income Fund (a) 1,802,402 17,573,416 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,088,474 20,655,012 
Fidelity Series International Credit Fund (a) 59,798 600,972 
Fidelity Series Investment Grade Bond Fund (a) 27,741,175 313,752,693 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,544,861 22,369,326 
Fidelity Series Real Estate Income Fund (a) 513,753 5,738,616 
TOTAL BOND FUNDS   
(Cost $381,362,433)  392,402,612 
Short-Term Funds - 11.9%   
Fidelity Advisor Series Short-Term Credit Fund (a) 3,100,516 31,005,157 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 108,883,430 108,883,430 
TOTAL SHORT-TERM FUNDS   
(Cost $139,863,450)  139,888,587 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $993,713,244)  1,180,434,573 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (821,757) 
NET ASSETS - 100%  $1,179,612,816 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $45,524,066 $547,569 $10,291,915 $-- $2,626,735 $3,685,619 $42,092,074 
Fidelity Advisor Series Equity Value Fund 81,815,902 1,253,906 35,199,779(a) 648,050 5,917,970 (4,709,512) 49,078,487 
Fidelity Advisor Series Growth & Income Fund 56,487,336 26,966,210(a) 7,735,525 245,320 404,048 1,641,605 77,763,674 
Fidelity Advisor Series Growth Opportunities Fund 29,904,426 359,283 6,819,596 -- 1,277,208 2,380,529 27,101,850 
Fidelity Advisor Series Opportunistic Insights Fund 42,300,151 509,727 9,319,918 -- 3,808,801 1,315,783 38,614,544 
Fidelity Advisor Series Short-Term Credit Fund 33,790,894 715,831 3,569,295 256,981 536 67,191 31,005,157 
Fidelity Advisor Series Small Cap Fund 22,747,133 261,492 3,573,871 -- 480,142 1,187,599 21,102,495 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 54,308,043 628,172 6,757,577 -- 1,414,620 642,371 50,235,629 
Fidelity Series 100 Index Fund 23,471,812 282,626 3,779,758 -- 947,867 669,111 21,591,658 
Fidelity Series 1000 Value Index Fund 9,072,554 104,566 1,235,267 -- 200,642 170,415 8,312,910 
Fidelity Series All-Sector Equity Fund 31,808,427 372,744 5,431,280 -- 780,890 1,508,124 29,038,905 
Fidelity Series Canada Fund -- 6,496,444 26,615 -- 181 137,462 6,607,472 
Fidelity Series Commodity Strategy Fund 19,730,718 6,006,437 2,105,521 36,129 (715,139) 640,654 23,557,149 
Fidelity Series Emerging Markets Debt Fund 9,038,148 362,552 716,404 270,844 7,977 191,080 8,883,353 
Fidelity Series Emerging Markets Fund 88,257,284 1,087,723 26,217,357 -- 3,788,545 8,873,852 75,790,047 
Fidelity Series Floating Rate High Income Fund 3,032,156 104,582 298,500 66,373 (13,051) 4,037 2,829,224 
Fidelity Series Government Money Market Fund 1.09% 105,863,553 13,260,617 10,240,740 483,320 -- -- 108,883,430 
Fidelity Series High Income Fund 18,383,602 720,924 1,791,008 491,654 (44,270) 304,168 17,573,416 
Fidelity Series Inflation-Protected Bond Index Fund 22,627,640 310,176 2,328,283 12,153 (63,454) 108,933 20,655,012 
Fidelity Series International Credit Fund -- 597,982 -- -- -- 2,990 600,972 
Fidelity Series International Growth Fund 67,875,480 869,994 12,808,305 -- 3,961,793 4,810,943 64,709,905 
Fidelity Series International Small Cap Fund 15,477,302 205,899 2,391,686 -- 720,666 1,747,187 15,759,368 
Fidelity Series International Value Fund 68,051,945 1,049,974 9,709,722 -- 966,388 6,176,005 66,534,590 
Fidelity Series Investment Grade Bond Fund 323,226,746 16,675,857 30,447,535 3,939,927 63,832 4,233,793 313,752,693 
Fidelity Series Long-Term Treasury Bond Index Fund 310,205 22,629,116 485,203 89,571 (32,152) (52,640) 22,369,326 
Fidelity Series Real Estate Equity Fund 5,406,610 193,590 744,095 41,416 71,831 (99,817) 4,828,119 
Fidelity Series Real Estate Income Fund 5,999,051 259,670 561,627 144,439 46,020 (4,498) 5,738,616 
Fidelity Series Small Cap Opportunities Fund 27,405,880 2,120,943 3,712,128 47,380 1,032,685 (1,422,882) 25,424,498 
Total $1,211,917,064 $104,954,606 $198,298,510 $6,773,557 $27,651,311 $34,210,102 $1,180,434,573 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $993,713,244) — See accompanying schedule  $1,180,434,573 
Receivable for investments sold  1,918,415 
Receivable for fund shares sold  1,779,460 
Total assets  1,184,132,448 
Liabilities   
Payable for investments purchased $106  
Payable for fund shares redeemed 3,699,683  
Accrued management fee 565,892  
Distribution and service plan fees payable 253,951  
Total liabilities  4,519,632 
Net Assets  $1,179,612,816 
Net Assets consist of:   
Paid in capital  $960,858,468 
Undistributed net investment income  2,932,745 
Accumulated undistributed net realized gain (loss) on investments  29,100,274 
Net unrealized appreciation (depreciation) on investments  186,721,329 
Net Assets  $1,179,612,816 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($617,092,519 ÷ 47,820,374 shares)  $12.90 
Maximum offering price per share (100/94.25 of $12.90)  $13.69 
Class M:   
Net Asset Value and redemption price per share ($177,311,632 ÷ 13,775,384 shares)  $12.87 
Maximum offering price per share (100/96.50 of $12.87)  $13.34 
Class C:   
Net Asset Value and offering price per share ($61,070,771 ÷ 4,784,006 shares)(a)  $12.77 
Class I:   
Net Asset Value, offering price and redemption price per share ($323,381,380 ÷ 24,843,402 shares)  $13.02 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($756,514 ÷ 58,094 shares)  $13.02 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $6,773,557 
Expenses   
Management fee $2,276,883  
Distribution and service plan fees 1,544,379  
Independent trustees' fees and expenses 2,189  
Total expenses before reductions 3,823,451  
Expense reductions (795) 3,822,656 
Net investment income (loss)  2,950,901 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 27,651,311  
Capital gain distributions from underlying funds 4,003,017  
Total net realized gain (loss)  31,654,328 
Change in net unrealized appreciation (depreciation) on underlying funds  34,210,102 
Net gain (loss)  65,864,430 
Net increase (decrease) in net assets resulting from operations  $68,815,331 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,950,901 $18,746,280 
Net realized gain (loss) 31,654,328 34,433,131 
Change in net unrealized appreciation (depreciation) 34,210,102 71,901,912 
Net increase (decrease) in net assets resulting from operations 68,815,331 125,081,323 
Distributions to shareholders from net investment income (2,367,122) (19,217,331) 
Distributions to shareholders from net realized gain (21,902,972) (39,746,083) 
Total distributions (24,270,094) (58,963,414) 
Share transactions - net increase (decrease) (76,580,360) (212,702,716) 
Total increase (decrease) in net assets (32,035,123) (146,584,807) 
Net Assets   
Beginning of period 1,211,647,939 1,358,232,746 
End of period $1,179,612,816 $1,211,647,939 
Other Information   
Undistributed net investment income end of period $2,932,745 $2,348,966 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2015 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.43 $11.81 $12.70 $12.87 $12.47 $11.85 
Income from Investment Operations       
Net investment income (loss)A .03 .18 .20 .20 .15 .16 
Net realized and unrealized gain (loss) .69 .99 (.45) .49 .89 .71 
Total from investment operations .72 1.17 (.25) .69 1.04 .87 
Distributions from net investment income (.03) (.19) (.21) (.21) (.15) (.16) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.25)B (.55) (.64) (.86)C (.64)D (.25) 
Net asset value, end of period $12.90 $12.43 $11.81 $12.70 $12.87 $12.47 
Total ReturnE,F,G 5.91% 10.23% (2.07)% 5.51% 8.54% 7.45% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .63%J .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .63%J .25% .25% .25% .25% .25% 
Expenses net of all reductions .63%J .25% .25% .25% .25% .25% 
Net investment income (loss) .50%J 1.46% 1.64% 1.58% 1.19% 1.36% 
Supplemental Data       
Net assets, end of period (000 omitted) $617,093 $653,982 $739,929 $967,164 $1,086,606 $1,181,020 
Portfolio turnover rateH 18%J 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.25 per share is comprised of distributions from net investment income of $.025 and distributions from net realized gain of $.229 per share.

 C Total distributions of $.86 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.642 per share.

 D Total distributions of $.64 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.498 per share.

 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 Total returns do not include the effect of the sales charges.

 H Amounts do not include the activity of the Underlying Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.41 $11.79 $12.68 $12.85 $12.46 $11.83 
Income from Investment Operations       
Net investment income (loss)A .02 .15 .17 .17 .12 .13 
Net realized and unrealized gain (loss) .69 .99 (.45) .48 .88 .72 
Total from investment operations .71 1.14 (.28) .65 1.00 .85 
Distributions from net investment income (.02) (.16) (.18) (.18) (.11) (.13) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.25) (.52) (.61) (.82) (.61) (.22) 
Net asset value, end of period $12.87 $12.41 $11.79 $12.68 $12.85 $12.46 
Total ReturnB,C,D 5.77% 9.98% (2.32)% 5.26% 8.20% 7.28% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .88%G .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .88%G .50% .50% .50% .50% .50% 
Expenses net of all reductions .88%G .50% .50% .50% .50% .50% 
Net investment income (loss) .25%G 1.21% 1.39% 1.33% .94% 1.11% 
Supplemental Data       
Net assets, end of period (000 omitted) $177,312 $178,795 $190,018 $208,468 $226,663 $227,022 
Portfolio turnover rateE 18%G 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.32 $11.72 $12.60 $12.77 $12.39 $11.77 
Income from Investment Operations       
Net investment income (loss)A (.02) .08 .11 .11 .05 .07 
Net realized and unrealized gain (loss) .70 .98 (.45) .48 .88 .71 
Total from investment operations .68 1.06 (.34) .59 .93 .78 
Distributions from net investment income B (.10) (.11) (.12) (.06) (.07) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.49) (.09) 
Total distributions (.23) (.46) (.54) (.76) (.55) (.16) 
Net asset value, end of period $12.77 $12.32 $11.72 $12.60 $12.77 $12.39 
Total ReturnC,D,E 5.60% 9.33% (2.76)% 4.75% 7.65% 6.70% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.38%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.25)%H .71% .89% .83% .44% .61% 
Supplemental Data       
Net assets, end of period (000 omitted) $61,071 $61,332 $63,443 $72,725 $75,682 $72,115 
Portfolio turnover rateF 18%H 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.53 $11.90 $12.79 $12.96 $12.56 $11.93 
Income from Investment Operations       
Net investment income (loss)A .05 .21 .23 .24 .18 .19 
Net realized and unrealized gain (loss) .70 1.00 (.45) .48 .90 .72 
Total from investment operations .75 1.21 (.22) .72 1.08 .91 
Distributions from net investment income (.03) (.22) (.24) (.25) (.18) (.19) 
Distributions from net realized gain (.23) (.36) (.43) (.64) (.50) (.09) 
Total distributions (.26) (.58) (.67) (.89) (.68) (.28) 
Net asset value, end of period $13.02 $12.53 $11.90 $12.79 $12.96 $12.56 
Total ReturnB,C 6.09% 10.53% (1.80)% 5.74% 8.75% 7.74% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .38%F - %G - %G - %G - %G - %G 
Expenses net of fee waivers, if any .38%F -% -% -% -% -% 
Expenses net of all reductions .38%F -% -% -% -% -% 
Net investment income (loss) .75%F 1.71% 1.89% 1.83% 1.44% 1.61% 
Supplemental Data       
Net assets, end of period (000 omitted) $323,381 $317,539 $361,722 $425,176 $488,611 $467,604 
Portfolio turnover rateD 18%F 22% 20% 21% 37% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2015 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.66 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .26 
Total from investment operations .36 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.02 
Total ReturnC,D 2.84% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .42%G 
Expenses net of fee waivers, if any .42%G 
Expenses net of all reductions .42%G 
Net investment income (loss) 2.46%G 
Supplemental Data  
Net assets, end of period (000 omitted) $757 
Portfolio turnover rateE 18%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 24.0 24.2 
Fidelity Advisor Series Growth & Income Fund 7.5 5.2 
Fidelity Series Emerging Markets Fund 6.9 7.8 
Fidelity Series Government Money Market Fund 1.09% 6.9 6.6 
Fidelity Series International Value Fund 6.3 6.2 
Fidelity Series International Growth Fund 6.1 6.2 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4.8 5.0 
Fidelity Advisor Series Equity Value Fund 4.7 7.6 
Fidelity Advisor Series Equity Growth Fund 4.0 4.2 
Fidelity Advisor Series Opportunistic Insights Fund 3.7 3.9 
 74.9 76.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.9% 
   International Equity Funds 21.4% 
   Bond Funds 29.9% 
   Short-Term Funds 8.9% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 41.4% 
   International Equity Funds 21.6% 
   Bond Funds 28.3% 
   Short-Term Funds 8.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 39.9%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 7,073,688 $103,134,371 
Fidelity Advisor Series Equity Value Fund (a) 8,942,371 119,917,199 
Fidelity Advisor Series Growth & Income Fund (a) 12,713,625 190,450,102 
Fidelity Advisor Series Growth Opportunities Fund (a) 5,059,252 66,427,978 
Fidelity Advisor Series Opportunistic Insights Fund (a) 5,106,547 94,624,316 
Fidelity Advisor Series Small Cap Fund (a) 4,201,952 51,684,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 9,133,069 123,022,437 
Fidelity Series 100 Index Fund (a) 3,193,888 52,922,719 
Fidelity Series 1000 Value Index Fund (a) 1,624,196 20,399,903 
Fidelity Series All-Sector Equity Fund (a) 5,322,621 71,163,440 
Fidelity Series Commodity Strategy Fund (a) 9,716,989 50,819,855 
Fidelity Series Real Estate Equity Fund (a) 915,997 11,825,517 
Fidelity Series Small Cap Opportunities Fund (a) 4,456,686 62,304,471 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $763,899,127)  1,018,696,322 
International Equity Funds - 21.4%   
Fidelity Series Canada Fund (a) 1,496,267 15,920,276 
Fidelity Series Emerging Markets Fund (a) 8,596,585 177,089,650 
Fidelity Series International Growth Fund (a) 9,798,947 155,705,263 
Fidelity Series International Small Cap Fund (a) 2,114,352 37,868,036 
Fidelity Series International Value Fund (a) 14,827,062 159,687,455 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $394,844,310)  546,270,680 
Bond Funds - 29.9%   
Fidelity Series Emerging Markets Debt Fund (a) 1,794,665 18,772,196 
Fidelity Series Floating Rate High Income Fund (a) 633,862 6,015,351 
Fidelity Series High Income Fund (a) 3,874,726 37,778,581 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,655,175 26,259,682 
Fidelity Series International Credit Fund (a) 128,527 1,291,696 
Fidelity Series Investment Grade Bond Fund (a) 54,094,957 611,813,964 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 5,410,817 47,561,080 
Fidelity Series Real Estate Income Fund (a) 1,099,754 12,284,252 
TOTAL BOND FUNDS   
(Cost $754,388,389)  761,776,802 
Short-Term Funds - 8.9%   
Fidelity Advisor Series Short-Term Credit Fund (a) 5,037,456 50,374,560 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 176,042,700 176,042,700 
TOTAL SHORT-TERM FUNDS   
(Cost $226,375,121)  226,417,260 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,139,506,947)  2,553,161,064 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,834,163) 
NET ASSETS - 100%  $2,551,326,901 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $107,899,662 $1,388,488 $21,360,375 $-- $5,408,170 $9,798,426 $103,134,371 
Fidelity Advisor Series Equity Value Fund 192,890,348 3,542,048 79,472,656(a) 1,555,731 7,714,036 (4,756,577) 119,917,199 
Fidelity Advisor Series Growth & Income Fund 133,562,727 65,560,759(a) 13,591,451 595,046 617,064 4,301,003 190,450,102 
Fidelity Advisor Series Growth Opportunities Fund 70,967,317 910,529 14,274,653 -- 2,670,466 6,154,319 66,427,978 
Fidelity Advisor Series Opportunistic Insights Fund 100,276,958 1,291,281 19,272,878 -- 7,782,455 4,546,500 94,624,316 
Fidelity Advisor Series Short-Term Credit Fund 53,699,458 1,209,978 4,643,148 414,850 3,212 105,060 50,374,560 
Fidelity Advisor Series Small Cap Fund 53,446,579 742,668 6,521,496 -- 831,745 3,184,518 51,684,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 128,008,473 2,071,058 12,065,210 -- 1,603,659 3,404,457 123,022,437 
Fidelity Series 100 Index Fund 55,757,975 712,507 7,462,351 -- 1,764,533 2,150,055 52,922,719 
Fidelity Series 1000 Value Index Fund 21,451,762 276,561 2,229,404 -- 334,038 566,946 20,399,903 
Fidelity Series All-Sector Equity Fund 75,469,271 965,226 10,799,441 -- 1,020,978 4,507,406 71,163,440 
Fidelity Series Canada Fund -- 15,591,528 44,829 -- 152 373,425 15,920,276 
Fidelity Series Commodity Strategy Fund 41,695,481 12,922,205 3,661,648 77,877 (643,492) 507,309 50,819,855 
Fidelity Series Emerging Markets Debt Fund 18,811,124 781,933 1,238,918 569,694 9,859 408,198 18,772,196 
Fidelity Series Emerging Markets Fund 197,902,416 2,473,472 52,141,045 -- 6,582,068 22,272,739 177,089,650 
Fidelity Series Floating Rate High Income Fund 6,322,119 228,716 516,215 140,284 (20,967) 1,698 6,015,351 
Fidelity Series Government Money Market Fund 1.09% 168,214,560 21,022,595 13,194,455 778,823 -- -- 176,042,700 
Fidelity Series High Income Fund 38,742,751 1,580,751 3,097,293 1,050,154 (67,504) 619,876 37,778,581 
Fidelity Series Inflation-Protected Bond Index Fund 28,153,800 422,185 2,374,576 15,410 (70,364) 128,637 26,259,682 
Fidelity Series International Credit Fund -- 1,285,270 -- -- -- 6,426 1,291,696 
Fidelity Series International Growth Fund 159,124,886 2,140,365 26,315,849 -- 6,584,953 14,170,908 155,705,263 
Fidelity Series International Small Cap Fund 36,182,712 497,510 4,644,214 -- 1,107,027 4,725,001 37,868,036 
Fidelity Series International Value Fund 159,539,367 2,748,330 19,533,592 -- 1,407,778 15,525,572 159,687,455 
Fidelity Series Investment Grade Bond Fund 617,537,596 33,483,524 47,482,020 7,633,069 171,300 8,103,564 611,813,964 
Fidelity Series Long-Term Treasury Bond Index Fund 578,556 48,090,615 929,906 188,934 (57,306) (120,879) 47,561,080 
Fidelity Series Real Estate Equity Fund 12,783,544 479,245 1,365,244 100,546 45,659 (117,687) 11,825,517 
Fidelity Series Real Estate Income Fund 12,602,093 567,344 971,316 308,310 69,086 17,045 12,284,252 
Fidelity Series Small Cap Opportunities Fund 64,799,072 5,286,484 6,826,706 116,014 1,176,222 (2,130,601) 62,304,471 
Total $2,556,420,607 $228,273,175 $376,030,889 $13,544,742 $46,044,827 $98,453,344 $2,553,161,064 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,139,506,947) — See accompanying schedule  $2,553,161,064 
Receivable for investments sold  5,797,991 
Receivable for fund shares sold  4,548,647 
Total assets  2,563,507,702 
Liabilities   
Payable for investments purchased $3,633  
Payable for fund shares redeemed 10,349,132  
Accrued management fee 1,311,895  
Distribution and service plan fees payable 516,141  
Total liabilities  12,180,801 
Net Assets  $2,551,326,901 
Net Assets consist of:   
Paid in capital  $2,082,735,119 
Undistributed net investment income  5,210,824 
Accumulated undistributed net realized gain (loss) on investments  49,726,841 
Net unrealized appreciation (depreciation) on investments  413,654,117 
Net Assets  $2,551,326,901 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,279,774,506 ÷ 91,934,501 shares)  $13.92 
Maximum offering price per share (100/94.25 of $13.92)  $14.77 
Class M:   
Net Asset Value and redemption price per share ($390,703,879 ÷ 28,094,216 shares)  $13.91 
Maximum offering price per share (100/96.50 of $13.91)  $14.41 
Class C:   
Net Asset Value and offering price per share ($102,816,804 ÷ 7,458,570 shares)(a)  $13.79 
Class I:   
Net Asset Value, offering price and redemption price per share ($776,885,067 ÷ 55,340,422 shares)  $14.04 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,146,645 ÷ 81,637 shares)  $14.05 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $13,544,742 
Expenses   
Management fee $5,261,917  
Distribution and service plan fees 3,125,482  
Independent trustees' fees and expenses 4,669  
Total expenses before reductions 8,392,068  
Expense reductions (1,678) 8,390,390 
Net investment income (loss)  5,154,352 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 46,044,827  
Capital gain distributions from underlying funds 9,799,116  
Total net realized gain (loss)  55,843,943 
Change in net unrealized appreciation (depreciation) on underlying funds  98,453,344 
Net gain (loss)  154,297,287 
Net increase (decrease) in net assets resulting from operations  $159,451,639 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,154,352 $38,750,307 
Net realized gain (loss) 55,843,943 56,868,315 
Change in net unrealized appreciation (depreciation) 98,453,344 182,559,768 
Net increase (decrease) in net assets resulting from operations 159,451,639 278,178,390 
Distributions to shareholders from net investment income (4,451,144) (38,366,807) 
Distributions to shareholders from net realized gain (39,249,087) (76,567,312) 
Total distributions (43,700,231) (114,934,119) 
Share transactions - net increase (decrease) (120,324,780) (325,620,479) 
Total increase (decrease) in net assets (4,573,372) (162,376,208) 
Net Assets   
Beginning of period 2,555,900,273 2,718,276,481 
End of period $2,551,326,901 $2,555,900,273 
Other Information   
Undistributed net investment income end of period $5,210,824 $4,507,616 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2020 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.31 $12.51 $13.44 $13.54 $13.05 $12.35 
Income from Investment Operations       
Net investment income (loss)A .03 .19 .21 .22 .16 .18 
Net realized and unrealized gain (loss) .81 1.16 (.51) .55 1.04 .78 
Total from investment operations .84 1.35 (.30) .77 1.20 .96 
Distributions from net investment income (.02) (.19) (.21) (.23) (.16) (.18) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.23) (.55) (.63)B (.87) (.71) (.26) 
Net asset value, end of period $13.92 $13.31 $12.51 $13.44 $13.54 $13.05 
Total ReturnC,D,E 6.38% 11.17% (2.35)% 5.82% 9.38% 7.91% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .66%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .66%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .66%H .25% .25% .25% .25% .25% 
Net investment income (loss) .40%H 1.46% 1.62% 1.59% 1.22% 1.44% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,279,775 $1,315,261 $1,442,826 $1,775,399 $1,910,164 $1,944,691 
Portfolio turnover rateF 18%H 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.63 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.411 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.30 $12.51 $13.44 $13.54 $13.05 $12.34 
Income from Investment Operations       
Net investment income (loss)A .01 .15 .18 .18 .13 .15 
Net realized and unrealized gain (loss) .82 1.16 (.52) .55 1.03 .79 
Total from investment operations .83 1.31 (.34) .73 1.16 .94 
Distributions from net investment income (.02) (.16) (.18) (.19) (.13) (.15) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.22)B (.52) (.59) (.83) (.67)C (.23) 
Net asset value, end of period $13.91 $13.30 $12.51 $13.44 $13.54 $13.05 
Total ReturnD,E,F 6.33% 10.81% (2.59)% 5.56% 9.11% 7.72% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .91%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .91%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .91%I .50% .50% .50% .50% .50% 
Net investment income (loss) .15%I 1.21% 1.37% 1.34% .97% 1.19% 
Supplemental Data       
Net assets, end of period (000 omitted) $390,704 $396,330 $394,406 $440,674 $465,828 $430,153 
Portfolio turnover rateG 18%I 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.22 per share is comprised of distributions from net investment income of $.015 and distributions from net realized gain of $.207 per share.

 C Total distributions of $.67 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.549 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.20 $12.42 $13.35 $13.45 $12.97 $12.27 
Income from Investment Operations       
Net investment income (loss)A (.02) .09 .11 .11 .06 .09 
Net realized and unrealized gain (loss) .82 1.15 (.51) .55 1.03 .78 
Total from investment operations .80 1.24 (.40) .66 1.09 .87 
Distributions from net investment income – (.10) (.12) (.12) (.07) (.08) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.54) (.08) 
Total distributions (.21) (.46) (.53) (.76) (.61) (.17)B 
Net asset value, end of period $13.79 $13.20 $12.42 $13.35 $13.45 $12.97 
Total ReturnC,D,E 6.09% 10.26% (3.11)% 5.07% 8.57% 7.13% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.41%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.35)%H .71% .87% .84% .47% .69% 
Supplemental Data       
Net assets, end of period (000 omitted) $102,817 $101,268 $105,128 $112,535 $113,194 $102,576 
Portfolio turnover rateF 18%H 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.083 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.41 $12.61 $13.54 $13.63 $13.14 $12.42 
Income from Investment Operations       
Net investment income (loss)A .04 .22 .24 .25 .20 .21 
Net realized and unrealized gain (loss) .83 1.16 (.51) .56 1.03 .80 
Total from investment operations .87 1.38 (.27) .81 1.23 1.01 
Distributions from net investment income (.03) (.22) (.25) (.26) (.19) (.21) 
Distributions from net realized gain (.21) (.36) (.41) (.64) (.55) (.08) 
Total distributions (.24) (.58) (.66) (.90) (.74) (.29) 
Net asset value, end of period $14.04 $13.41 $12.61 $13.54 $13.63 $13.14 
Total ReturnB,C 6.56% 11.36% (2.07)% 6.13% 9.58% 8.28% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .41%F - %G - %G - %G - %G - %G 
Expenses net of fee waivers, if any .41%F -% -% -% -% -% 
Expenses net of all reductions .41%F -% -% -% -% -% 
Net investment income (loss) .64%F 1.71% 1.87% 1.84% 1.47% 1.69% 
Supplemental Data       
Net assets, end of period (000 omitted) $776,885 $743,042 $767,908 $836,880 $875,979 $777,288 
Portfolio turnover rateD 18%F 19% 20% 21% 40% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.62 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .33 
Total from investment operations .43 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.05 
Total ReturnC,D 3.16% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .44%G 
Expenses net of fee waivers, if any .44%G 
Expenses net of all reductions .44%G 
Net investment income (loss) 2.40%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,147 
Portfolio turnover rateE 18%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 20.6 20.8 
Fidelity Advisor Series Growth & Income Fund 8.3 5.8 
Fidelity Series Emerging Markets Fund 7.4 8.2 
Fidelity Series International Growth Fund 6.8 6.8 
Fidelity Series International Value Fund 6.7 6.8 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 5.4 5.5 
Fidelity Advisor Series Equity Value Fund 5.2 8.3 
Fidelity Series Government Money Market Fund 1.09% 5.1 4.8 
Fidelity Advisor Series Equity Growth Fund 4.5 4.7 
Fidelity Advisor Series Opportunistic Insights Fund 4.1 4.4 
 74.1 76.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.2% 
   International Equity Funds 23.2% 
   Bond Funds 26.1% 
   Short-Term Funds 6.6% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 45.7% 
   International Equity Funds 23.4% 
   Bond Funds 24.5% 
   Short-Term Funds 6.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 9,230,329 $134,578,197 
Fidelity Advisor Series Equity Value Fund (a) 11,657,757 156,330,528 
Fidelity Advisor Series Growth & Income Fund (a) 16,589,933 248,517,204 
Fidelity Advisor Series Growth Opportunities Fund (a) 6,603,590 86,705,131 
Fidelity Advisor Series Opportunistic Insights Fund (a) 6,664,625 123,495,499 
Fidelity Advisor Series Small Cap Fund (a) 5,483,913 67,452,129 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 11,917,241 160,525,242 
Fidelity Series 100 Index Fund (a) 4,168,872 69,078,215 
Fidelity Series 1000 Value Index Fund (a) 2,121,686 26,648,377 
Fidelity Series All-Sector Equity Fund (a) 6,947,371 92,886,352 
Fidelity Series Commodity Strategy Fund (a) 11,375,130 59,491,930 
Fidelity Series Real Estate Equity Fund (a) 1,201,647 15,513,264 
Fidelity Series Small Cap Opportunities Fund (a) 5,810,757 81,234,385 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $992,817,465)  1,322,456,453 
International Equity Funds - 23.2%   
Fidelity Series Canada Fund (a) 1,914,407 20,369,286 
Fidelity Series Emerging Markets Fund (a) 10,729,223 221,021,984 
Fidelity Series International Growth Fund (a) 12,726,316 202,221,166 
Fidelity Series International Small Cap Fund (a) 2,709,448 48,526,205 
Fidelity Series International Value Fund (a) 18,727,201 201,691,960 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $511,715,887)  693,830,601 
Bond Funds - 26.1%   
Fidelity Series Emerging Markets Debt Fund (a) 2,073,227 21,685,957 
Fidelity Series Floating Rate High Income Fund (a) 736,531 6,989,680 
Fidelity Series High Income Fund (a) 4,449,109 43,378,816 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,336,089 23,103,919 
Fidelity Series International Credit Fund (a) 149,010 1,497,553 
Fidelity Series Investment Grade Bond Fund (a) 54,507,338 616,477,988 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 6,310,288 55,467,435 
Fidelity Series Real Estate Income Fund (a) 1,272,802 14,217,194 
TOTAL BOND FUNDS   
(Cost $779,878,786)  782,818,542 
Short-Term Funds - 6.6%   
Fidelity Advisor Series Short-Term Credit Fund (a) 4,319,545 43,195,455 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 153,801,309 153,801,309 
TOTAL SHORT-TERM FUNDS   
(Cost $196,963,413)  196,996,764 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,481,375,551)  2,996,102,360 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,215,476) 
NET ASSETS - 100%  $2,993,886,884 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $135,937,851 $3,626,505 $24,440,064 $-- $5,664,848 $13,789,057 $134,578,197 
Fidelity Advisor Series Equity Value Fund 241,941,961 7,040,442 96,520,656(a) 1,984,625 7,733,075 (3,864,294) 156,330,528 
Fidelity Advisor Series Growth & Income Fund 167,651,187 88,460,572(a) 13,957,845 762,518 352,502 6,010,788 248,517,204 
Fidelity Advisor Series Growth Opportunities Fund 89,516,164 2,377,455 16,486,997 -- 2,846,756 8,451,753 86,705,131 
Fidelity Advisor Series Opportunistic Insights Fund 126,356,944 3,373,220 21,995,674 -- 6,843,444 8,917,565 123,495,499 
Fidelity Advisor Series Short-Term Credit Fund 44,613,993 1,683,190 3,191,334 350,555 1,655 87,951 43,195,455 
Fidelity Advisor Series Small Cap Fund 67,276,031 1,899,782 6,912,712 -- 736,912 4,452,116 67,452,129 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 160,603,013 4,976,020 11,547,680 -- 461,895 6,031,994 160,525,242 
Fidelity Series 100 Index Fund 70,010,948 1,863,125 7,821,924 -- 1,568,402 3,457,664 69,078,215 
Fidelity Series 1000 Value Index Fund 26,963,429 725,682 2,208,235 -- 244,791 922,710 26,648,377 
Fidelity Series All-Sector Equity Fund 94,923,840 2,524,215 11,651,300 -- 488,964 6,600,633 92,886,352 
Fidelity Series Canada Fund -- 19,881,011 34,850 -- 39 523,086 20,369,286 
Fidelity Series Commodity Strategy Fund 47,127,023 15,775,852 3,277,069 90,846 (536,985) 403,109 59,491,930 
Fidelity Series Emerging Markets Debt Fund 21,226,584 1,130,275 1,145,879 650,780 6,001 468,976 21,685,957 
Fidelity Series Emerging Markets Fund 236,992,530 6,209,991 57,242,002 -- 7,340,733 27,720,732 221,021,984 
Fidelity Series Floating Rate High Income Fund 7,128,727 360,461 477,448 160,676 (15,369) (6,691) 6,989,680 
Fidelity Series Government Money Market Fund 1.09% 139,740,928 23,156,837 9,096,456 668,011 -- -- 153,801,309 
Fidelity Series High Income Fund 43,229,749 2,387,902 2,864,694 1,189,184 (36,047) 661,906 43,378,816 
Fidelity Series Inflation-Protected Bond Index Fund 23,930,887 652,701 1,527,826 13,395 (18,458) 66,615 23,103,919 
Fidelity Series International Credit Fund -- 1,490,102 -- -- -- 7,451 1,497,553 
Fidelity Series International Growth Fund 197,802,750 5,469,727 27,145,489 -- 5,382,836 20,711,342 202,221,166 
Fidelity Series International Small Cap Fund 44,955,970 1,274,624 5,037,009 -- 994,711 6,337,909 48,526,205 
Fidelity Series International Value Fund 198,365,131 6,238,526 24,232,491 -- 1,199,213 20,121,581 201,691,960 
Fidelity Series Investment Grade Bond Fund 601,868,505 43,792,448 37,296,051 7,573,094 184,555 7,928,531 616,477,988 
Fidelity Series Long-Term Treasury Bond Index Fund 541,162 55,960,498 818,091 222,490 (45,815) (170,319) 55,467,435 
Fidelity Series Real Estate Equity Fund 16,067,822 839,046 1,294,886 129,983 16,662 (115,380) 15,513,264 
Fidelity Series Real Estate Income Fund 14,185,039 836,386 898,958 353,497 (43) 94,770 14,217,194 
Fidelity Series Small Cap Opportunities Fund 81,447,702 7,923,709 6,911,016 150,734 853,903 (2,079,913) 81,234,385 
Total $2,900,405,870 $311,930,304 $396,034,636 $14,300,388 $42,269,180 $137,531,642 $2,996,102,360 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,481,375,551) — See accompanying schedule  $2,996,102,360 
Cash  
Receivable for investments sold  4,328,469 
Receivable for fund shares sold  6,612,818 
Total assets  3,007,043,655 
Liabilities   
Payable for investments purchased $1,453  
Payable for fund shares redeemed 10,940,681  
Accrued management fee 1,639,708  
Distribution and service plan fees payable 574,929  
Total liabilities  13,156,771 
Net Assets  $2,993,886,884 
Net Assets consist of:   
Paid in capital  $2,427,946,368 
Undistributed net investment income  4,347,611 
Accumulated undistributed net realized gain (loss) on investments  46,866,096 
Net unrealized appreciation (depreciation) on investments  514,726,809 
Net Assets  $2,993,886,884 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,496,421,543 ÷ 108,099,888 shares)  $13.84 
Maximum offering price per share (100/94.25 of $13.84)  $14.68 
Class M:   
Net Asset Value and redemption price per share ($433,903,653 ÷ 31,305,935 shares)  $13.86 
Maximum offering price per share (100/96.50 of $13.86)  $14.36 
Class C:   
Net Asset Value and offering price per share ($101,004,554 ÷ 7,412,110 shares)(a)  $13.63 
Class I:   
Net Asset Value, offering price and redemption price per share ($960,465,175 ÷ 68,730,550 shares)  $13.97 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,091,959 ÷ 149,583 shares)  $13.99 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $14,300,388 
Expenses   
Management fee $6,529,719  
Distribution and service plan fees 3,455,773  
Independent trustees' fees and expenses 5,359  
Total expenses before reductions 9,990,851  
Expense reductions (1,905) 9,988,946 
Net investment income (loss)  4,311,442 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 42,269,180  
Capital gain distributions from underlying funds 12,663,784  
Total net realized gain (loss)  54,932,964 
Change in net unrealized appreciation (depreciation) on underlying funds  137,531,642 
Net gain (loss)  192,464,606 
Net increase (decrease) in net assets resulting from operations  $196,776,048 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,311,442 $42,192,800 
Net realized gain (loss) 54,932,964 57,817,454 
Change in net unrealized appreciation (depreciation) 137,531,642 230,075,430 
Net increase (decrease) in net assets resulting from operations 196,776,048 330,085,684 
Distributions to shareholders from net investment income (4,303,944) (41,339,479) 
Distributions to shareholders from net realized gain (41,424,345) (87,305,041) 
Total distributions (45,728,289) (128,644,520) 
Share transactions - net increase (decrease) (56,992,736) (213,146,163) 
Total increase (decrease) in net assets 94,055,023 (11,704,999) 
Net Assets   
Beginning of period 2,899,831,861 2,911,536,860 
End of period $2,993,886,884 $2,899,831,861 
Other Information   
Undistributed net investment income end of period $4,347,611 $4,340,113 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2025 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.16 $12.29 $13.25 $13.33 $12.72 $11.91 
Income from Investment Operations       
Net investment income (loss)A .02 .18 .19 .21 .16 .18 
Net realized and unrealized gain (loss) .87 1.24 (.54) .60 1.26 .88 
Total from investment operations .89 1.42 (.35) .81 1.42 1.06 
Distributions from net investment income (.02) (.18) (.20) (.22) (.16) (.18) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.21) (.55) (.61)B (.89) (.81)C (.25) 
Net asset value, end of period $13.84 $13.16 $12.29 $13.25 $13.33 $12.72 
Total ReturnD,E,F 6.82% 12.00% (2.72)% 6.26% 11.54% 9.00% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .69%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .69%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .69%I .25% .25% .25% .25% .25% 
Net investment income (loss) .28%I 1.43% 1.53% 1.55% 1.25% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,496,422 $1,503,384 $1,543,665 $1,853,121 $1,907,797 $1,806,028 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.419 per share.

 C Total distributions of $.81 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.657 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.18 $12.31 $13.27 $13.35 $12.74 $11.93 
Income from Investment Operations       
Net investment income (loss)A B .15 .16 .17 .13 .15 
Net realized and unrealized gain (loss) .88 1.24 (.54) .61 1.26 .88 
Total from investment operations .88 1.39 (.38) .78 1.39 1.03 
Distributions from net investment income (.01) (.15) (.16) (.19) (.13) (.15) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.20) (.52) (.58) (.86) (.78)C (.22) 
Net asset value, end of period $13.86 $13.18 $12.31 $13.27 $13.35 $12.74 
Total ReturnD,E,F 6.74% 11.70% (2.95)% 6.00% 11.27% 8.74% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .94%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .94%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .94%I .50% .50% .50% .50% .50% 
Net investment income (loss) .03%I 1.18% 1.28% 1.30% 1.00% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $433,904 $418,713 $399,088 $405,224 $387,919 $324,352 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.78 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.657 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.98 $12.14 $13.09 $13.19 $12.60 $11.80 
Income from Investment Operations       
Net investment income (loss)A (.03) .08 .10 .11 .06 .09 
Net realized and unrealized gain (loss) .86 1.23 (.53) .59 1.25 .87 
Total from investment operations .83 1.31 (.43) .70 1.31 .96 
Distributions from net investment income – (.10) (.11) (.12) (.07) (.10) 
Distributions from net realized gain (.18) (.37) (.41) (.67) (.65) (.07) 
Total distributions (.18) (.47) (.52) (.80)B (.72) (.16)C 
Net asset value, end of period $13.63 $12.98 $12.14 $13.09 $13.19 $12.60 
Total ReturnD,E,F 6.48% 11.13% (3.40)% 5.42% 10.71% 8.23% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.44%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.47)%I .68% .78% .80% .50% .79% 
Supplemental Data       
Net assets, end of period (000 omitted) $101,005 $97,994 $91,941 $94,878 $89,402 $74,415 
Portfolio turnover rateH 21%I 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.80 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.672 per share.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.066 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.27 $12.39 $13.35 $13.43 $12.81 $11.99 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .23 .24 .19 .22 
Net realized and unrealized gain (loss) .88 1.26 (.54) .60 1.28 .88 
Total from investment operations .92 1.47 (.31) .84 1.47 1.10 
Distributions from net investment income (.03) (.21) (.23) (.25) (.19) (.21) 
Distributions from net realized gain (.19) (.37) (.42) (.67) (.66) (.07) 
Total distributions (.22) (.59)B (.65) (.92) (.85) (.28) 
Net asset value, end of period $13.97 $13.27 $12.39 $13.35 $13.43 $12.81 
Total ReturnC,D 6.98% 12.26% (2.44)% 6.48% 11.81% 9.29% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .44%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .44%G -% -% -% -% -% 
Expenses net of all reductions .44%G -% -% -% -% -% 
Net investment income (loss) .53%G 1.68% 1.78% 1.80% 1.50% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $960,465 $879,740 $870,772 $838,616 $846,372 $686,540 
Portfolio turnover rateF 21%G 20% 24% 23% 41% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.59 per share is comprised of distributions from net investment income of $.212 and distributions from net realized gain of $.373 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.53 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .34 
Total from investment operations .46 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.99 
Total ReturnC,D 3.40% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G 
Expenses net of fee waivers, if any .45%G 
Expenses net of all reductions .45%G 
Net investment income (loss) 2.88%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,092 
Portfolio turnover rateE 21%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 12.9 12.1 
Fidelity Advisor Series Growth & Income Fund 10.1 7.1 
Fidelity Series Emerging Markets Fund 8.3 9.1 
Fidelity Series International Value Fund 8.2 8.3 
Fidelity Series International Growth Fund 7.9 8.3 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 6.5 6.8 
Fidelity Advisor Series Equity Value Fund 6.4 10.2 
Fidelity Advisor Series Equity Growth Fund 5.5 5.7 
Fidelity Advisor Series Opportunistic Insights Fund 5.0 5.3 
Fidelity Series All-Sector Equity Fund 3.8 4.0 
 74.6 76.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.3% 
   International Equity Funds 27.1% 
   Bond Funds 18.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 55.5% 
   International Equity Funds 27.6% 
   Bond Funds 15.9% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.3%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 11,007,513 $160,489,546 
Fidelity Advisor Series Equity Value Fund (a) 13,882,719 186,167,257 
Fidelity Advisor Series Growth & Income Fund (a) 19,777,585 296,268,226 
Fidelity Advisor Series Growth Opportunities Fund (a) 7,874,916 103,397,641 
Fidelity Advisor Series Opportunistic Insights Fund (a) 7,947,043 147,258,714 
Fidelity Advisor Series Small Cap Fund (a) 6,537,402 80,410,049 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 14,207,575 191,376,029 
Fidelity Series 100 Index Fund (a) 4,971,657 82,380,362 
Fidelity Series 1000 Value Index Fund (a) 2,531,073 31,790,271 
Fidelity Series All-Sector Equity Fund (a) 8,284,374 110,762,078 
Fidelity Series Commodity Strategy Fund (a) 10,434,399 54,571,907 
Fidelity Series Real Estate Equity Fund (a) 1,434,014 18,513,124 
Fidelity Series Small Cap Opportunities Fund (a) 6,930,291 96,885,470 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,182,160,319)  1,560,270,674 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 2,223,658 23,659,719 
Fidelity Series Emerging Markets Fund (a) 11,841,438 243,933,622 
Fidelity Series International Growth Fund (a) 14,561,350 231,379,850 
Fidelity Series International Small Cap Fund (a) 3,147,973 56,380,201 
Fidelity Series International Value Fund (a) 22,122,373 238,257,954 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $595,083,234)  793,611,346 
Bond Funds - 18.6%   
Fidelity Series Emerging Markets Debt Fund (a) 1,983,319 20,745,520 
Fidelity Series Floating Rate High Income Fund (a) 706,350 6,703,259 
Fidelity Series High Income Fund (a) 4,369,838 42,605,919 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,467,768 24,406,227 
Fidelity Series International Credit Fund (a) 146,100 1,468,301 
Fidelity Series Investment Grade Bond Fund (a) 33,289,613 376,505,524 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 6,439,737 56,605,289 
Fidelity Series Real Estate Income Fund (a) 1,223,801 13,669,852 
TOTAL BOND FUNDS   
(Cost $536,824,247)  542,709,891 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 668,725 6,687,250 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 24,054,503 24,054,503 
TOTAL SHORT-TERM FUNDS   
(Cost $30,727,764)  30,741,753 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,344,795,564)  2,927,333,664 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,264,794) 
NET ASSETS - 100%  $2,925,068,870 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $162,260,993 $4,544,918 $29,593,120 $-- $6,862,997 $16,413,758 $160,489,546 
Fidelity Advisor Series Equity Value Fund 287,560,469 8,895,041 114,904,534(a) 2,370,743 8,491,094 (3,874,813) 186,167,257 
Fidelity Advisor Series Growth & Income Fund 199,402,635 108,118,537(a) 18,755,428 909,231 309,198 7,193,284 296,268,226 
Fidelity Advisor Series Growth Opportunities Fund 106,995,666 2,977,951 20,117,021 -- 3,488,835 10,052,210 103,397,641 
Fidelity Advisor Series Opportunistic Insights Fund 150,855,127 4,225,580 26,673,625 -- 5,416,239 13,435,393 147,258,714 
Fidelity Advisor Series Short-Term Credit Fund 6,975,659 285,077 587,646 54,696 960 13,200 6,687,250 
Fidelity Advisor Series Small Cap Fund 80,012,023 2,392,331 8,171,410 -- 830,755 5,346,350 80,410,049 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 190,903,298 6,626,761 13,907,090 -- 652,761 7,100,299 191,376,029 
Fidelity Series 100 Index Fund 83,215,061 2,308,908 9,146,282 -- 1,800,386 4,202,289 82,380,362 
Fidelity Series 1000 Value Index Fund 32,100,022 907,066 2,609,584 -- 269,829 1,122,938 31,790,271 
Fidelity Series All-Sector Equity Fund 112,891,828 3,127,320 13,722,980 -- 586,007 7,879,903 110,762,078 
Fidelity Series Canada Fund -- 22,961,566 45,297 -- 20 743,430 23,659,719 
Fidelity Series Commodity Strategy Fund 44,717,598 13,744,357 3,732,516 83,354 9,458 (166,990) 54,571,907 
Fidelity Series Emerging Markets Debt Fund 20,427,254 1,119,116 1,259,250 625,777 10,189 448,211 20,745,520 
Fidelity Series Emerging Markets Fund 258,234,751 7,137,605 59,998,008 -- 8,116,298 30,442,976 243,933,622 
Fidelity Series Floating Rate High Income Fund 6,888,450 360,802 524,686 155,105 (16,505) (4,802) 6,703,259 
Fidelity Series Government Money Market Fund 1.09% 21,881,352 3,798,894 1,625,743 106,397 -- -- 24,054,503 
Fidelity Series High Income Fund 42,727,356 2,408,987 3,148,121 1,174,796 (45,450) 663,147 42,605,919 
Fidelity Series Inflation-Protected Bond Index Fund 25,360,275 672,428 1,678,984 14,206 (18,639) 71,147 24,406,227 
Fidelity Series International Credit Fund -- 1,460,996 -- -- -- 7,305 1,468,301 
Fidelity Series International Growth Fund 232,884,065 6,699,159 38,810,944 -- 7,487,745 23,119,825 231,379,850 
Fidelity Series International Small Cap Fund 53,210,745 1,564,086 7,027,135 -- 909,565 7,722,940 56,380,201 
Fidelity Series International Value Fund 233,497,432 6,774,029 27,020,698 -- 884,995 24,122,196 238,257,954 
Fidelity Series Investment Grade Bond Fund 340,730,927 55,844,028 24,783,973 4,499,573 (70,961) 4,785,503 376,505,524 
Fidelity Series Long-Term Treasury Bond Index Fund 254,284 57,588,713 979,914 220,714 (30,383) (227,411) 56,605,289 
Fidelity Series Real Estate Equity Fund 19,129,170 1,027,731 1,528,062 155,076 20,940 (136,655) 18,513,124 
Fidelity Series Real Estate Income Fund 13,733,149 831,017 987,619 341,059 19,267 74,038 13,669,852 
Fidelity Series Small Cap Opportunities Fund 96,962,467 9,664,753 8,286,298 179,816 705,223 (2,160,675) 96,885,470 
Total $2,823,812,056 $338,067,757 $439,625,968 $10,890,543 $46,690,823 $158,388,996 $2,927,333,664 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,344,795,564) — See accompanying schedule  $2,927,333,664 
Receivable for investments sold  5,493,355 
Receivable for fund shares sold  4,446,682 
Total assets  2,937,273,701 
Liabilities   
Payable for investments purchased $1,479  
Payable for fund shares redeemed 9,938,301  
Accrued management fee 1,702,758  
Distribution and service plan fees payable 562,293  
Total liabilities  12,204,831 
Net Assets  $2,925,068,870 
Net Assets consist of:   
Paid in capital  $2,291,133,953 
Undistributed net investment income  715,979 
Accumulated undistributed net realized gain (loss) on investments  50,680,838 
Net unrealized appreciation (depreciation) on investments  582,538,100 
Net Assets  $2,925,068,870 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,421,324,664 ÷ 94,818,339 shares)  $14.99 
Maximum offering price per share (100/94.25 of $14.99)  $15.90 
Class M:   
Net Asset Value and redemption price per share ($452,191,365 ÷ 30,317,550 shares)  $14.92 
Maximum offering price per share (100/96.50 of $14.92)  $15.46 
Class C:   
Net Asset Value and offering price per share ($97,147,324 ÷ 6,594,122 shares)(a)  $14.73 
Class I:   
Net Asset Value, offering price and redemption price per share ($951,758,140 ÷ 63,075,998 shares)  $15.09 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,647,377 ÷ 175,333 shares)  $15.10 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $10,890,543 
Expenses   
Management fee $6,795,331  
Distribution and service plan fees 3,376,647  
Independent trustees' fees and expenses 5,236  
Total expenses before reductions 10,177,214  
Expense reductions (1,856) 10,175,358 
Net investment income (loss)  715,185 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 46,690,823  
Capital gain distributions from underlying funds 15,146,307  
Total net realized gain (loss)  61,837,130 
Change in net unrealized appreciation (depreciation) on underlying funds  158,388,996 
Net gain (loss)  220,226,126 
Net increase (decrease) in net assets resulting from operations  $220,941,311 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $715,185 $38,114,325 
Net realized gain (loss) 61,837,130 60,766,692 
Change in net unrealized appreciation (depreciation) 158,388,996 270,994,211 
Net increase (decrease) in net assets resulting from operations 220,941,311 369,875,228 
Distributions to shareholders from net investment income (2,044,157) (37,142,497) 
Distributions to shareholders from net realized gain (46,653,514) (94,852,736) 
Total distributions (48,697,671) (131,995,233) 
Share transactions - net increase (decrease) (70,429,490) (203,746,816) 
Total increase (decrease) in net assets 101,814,150 34,133,179 
Net Assets   
Beginning of period 2,823,254,720 2,789,121,541 
End of period $2,925,068,870 $2,823,254,720 
Other Information   
Undistributed net investment income end of period $715,979 $2,044,951 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2030 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.12 $12.99 $14.13 $14.15 $13.36 $12.48 
Income from Investment Operations       
Net investment income (loss)A B .18 .19 .20 .17 .20 
Net realized and unrealized gain (loss) 1.11 1.57 (.64) .70 1.47 .94 
Total from investment operations 1.11 1.75 (.45) .90 1.64 1.14 
Distributions from net investment income (.01) (.18) (.19) (.21) (.18) (.20) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.24) (.62) (.69) (.92) (.85) (.26) 
Net asset value, end of period $14.99 $14.12 $12.99 $14.13 $14.15 $13.36 
Total ReturnC,D,E 7.97% 14.02% (3.36)% 6.54% 12.60% 9.25% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .72%H .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .72%H .25% .25% .25% .25% .25% 
Expenses net of all reductions .72%H .25% .25% .25% .25% .25% 
Net investment income (loss) .04%H 1.34% 1.39% 1.42% 1.24% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,421,325 $1,414,388 $1,409,909 $1,704,036 $1,777,132 $1,747,549 
Portfolio turnover rateF 23%H 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.06 $12.94 $14.09 $14.10 $13.32 $12.44 
Income from Investment Operations       
Net investment income (loss)A (.02) .15 .15 .17 .14 .17 
Net realized and unrealized gain (loss) 1.12 1.56 (.64) .71 1.46 .94 
Total from investment operations 1.10 1.71 (.49) .88 1.60 1.11 
Distributions from net investment income B (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.24)C (.59) (.66) (.89) (.82) (.23) 
Net asset value, end of period $14.92 $14.06 $12.94 $14.09 $14.10 $13.32 
Total ReturnD,E,F 7.88% 13.74% (3.67)% 6.37% 12.29% 9.02% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .97%I .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any .97%I .50% .50% .50% .50% .50% 
Expenses net of all reductions .97%I .50% .50% .50% .50% .50% 
Net investment income (loss) (.22)%I 1.09% 1.14% 1.17% .99% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $452,191 $442,505 $423,312 $453,137 $453,944 $387,102 
Portfolio turnover rateG 23%I 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.24 per share is comprised of distributions from net investment income of $.001 and distributions from net realized gain of $.234 per share.

 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 Total returns do not include the effect of the sales charges.

 G Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.92 $12.83 $13.97 $14.00 $13.23 $12.37 
Income from Investment Operations       
Net investment income (loss)A (.05) .08 .08 .09 .07 .10 
Net realized and unrealized gain (loss) 1.09 1.55 (.63) .70 1.45 .93 
Total from investment operations 1.04 1.63 (.55) .79 1.52 1.03 
Distributions from net investment income – (.10) (.11) (.12) (.09) (.11) 
Distributions from net realized gain (.23) (.44) (.48) (.70) (.66) (.06) 
Total distributions (.23) (.54) (.59) (.82) (.75) (.17) 
Net asset value, end of period $14.73 $13.92 $12.83 $13.97 $14.00 $13.23 
Total ReturnB,C,D 7.52% 13.21% (4.10)% 5.76% 11.77% 8.39% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.47%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.72)%G .59% .64% .67% .49% .83% 
Supplemental Data       
Net assets, end of period (000 omitted) $97,147 $94,517 $87,691 $91,154 $87,867 $75,384 
Portfolio turnover rateE 23%G 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.21 $13.06 $14.21 $14.22 $13.42 $12.54 
Income from Investment Operations       
Net investment income (loss)A .02 .21 .22 .24 .20 .23 
Net realized and unrealized gain (loss) 1.11 1.59 (.65) .71 1.48 .94 
Total from investment operations 1.13 1.80 (.43) .95 1.68 1.17 
Distributions from net investment income (.02) (.21) (.23) (.25) (.21) (.23) 
Distributions from net realized gain (.23) (.44) (.50) (.71) (.67) (.06) 
Total distributions (.25) (.65) (.72)B (.96) (.88) (.29) 
Net asset value, end of period $15.09 $14.21 $13.06 $14.21 $14.22 $13.42 
Total ReturnC,D 8.06% 14.38% (3.16)% 6.85% 12.89% 9.47% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .47%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .47%G -% -% -% -% -% 
Expenses net of all reductions .47%G -% -% -% -% -% 
Net investment income (loss) .28%G 1.59% 1.64% 1.67% 1.49% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $951,758 $871,845 $861,408 $919,561 $897,398 $716,715 
Portfolio turnover rateE 23%G 18% 22% 24% 53% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.72 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.499 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.53 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .45 
Total from investment operations .57 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $15.10 
Total ReturnC,D 3.92% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .47%G 
Expenses net of fee waivers, if any .47%G 
Expenses net of all reductions .47%G 
Net investment income (loss) 2.67%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,647 
Portfolio turnover rateE 23%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.7 8.1 
Fidelity Series Emerging Markets Fund 9.3 10.0 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Series International Value Fund 9.1 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.5 7.7 
Fidelity Advisor Series Equity Value Fund 7.3 11.6 
Fidelity Advisor Series Equity Growth Fund 6.3 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.8 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.5 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 74.6 77.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.2% 
   International Equity Funds 30.6% 
   Bond Funds 7.2% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.1% 
   International Equity Funds 30.9% 
   Bond Funds 5.0% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 10,052,873 $146,570,888 
Fidelity Advisor Series Equity Value Fund (a) 12,680,052 170,039,493 
Fidelity Advisor Series Growth & Income Fund (a) 18,069,834 270,686,119 
Fidelity Advisor Series Growth Opportunities Fund (a) 7,191,087 94,418,974 
Fidelity Advisor Series Opportunistic Insights Fund (a) 7,258,042 134,491,512 
Fidelity Advisor Series Small Cap Fund (a) 5,974,369 73,484,742 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 12,979,601 174,835,224 
Fidelity Series 100 Index Fund (a) 4,539,233 75,215,096 
Fidelity Series 1000 Value Index Fund (a) 2,303,845 28,936,289 
Fidelity Series All-Sector Equity Fund (a) 7,565,297 101,148,020 
Fidelity Series Commodity Strategy Fund (a) 8,486,486 44,384,322 
Fidelity Series Real Estate Equity Fund (a) 1,301,839 16,806,737 
Fidelity Series Small Cap Opportunities Fund (a) 6,332,368 88,526,504 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,084,823,636)  1,419,543,920 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 2,005,012 21,333,325 
Fidelity Series Emerging Markets Fund (a) 10,452,563 215,322,804 
Fidelity Series International Growth Fund (a) 13,338,545 211,949,484 
Fidelity Series International Small Cap Fund (a) 2,837,090 50,812,286 
Fidelity Series International Value Fund (a) 19,610,364 211,203,624 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $537,931,625)  710,621,523 
Bond Funds - 7.2%   
Fidelity Series Emerging Markets Debt Fund (a) 1,535,886 16,065,368 
Fidelity Series Floating Rate High Income Fund (a) 550,066 5,220,122 
Fidelity Series High Income Fund (a) 3,407,939 33,227,409 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,909,402 18,883,981 
Fidelity Series International Credit Fund (a) 115,326 1,159,022 
Fidelity Series Investment Grade Bond Fund (a) 3,389,739 38,337,953 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 4,813,850 42,313,741 
Fidelity Series Real Estate Income Fund (a) 957,050 10,690,243 
TOTAL BOND FUNDS   
(Cost $163,834,455)  165,897,839 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 532,494 5,324,937 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 19,137,450 19,137,450 
TOTAL SHORT-TERM FUNDS   
(Cost $24,451,208)  24,462,387 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,811,040,924)  2,320,525,669 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,862,354) 
NET ASSETS - 100%  $2,318,663,315 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $144,428,250 $4,438,549 $23,256,147 $-- $5,171,419 $15,788,817 $146,570,888 
Fidelity Advisor Series Equity Value Fund 256,602,186 8,487,293 99,287,786(a) 2,139,755 6,507,765 (2,269,965) 170,039,493 
Fidelity Advisor Series Growth & Income Fund 178,291,677 101,362,566(a) 15,733,514 818,511 (28,625) 6,794,015 270,686,119 
Fidelity Advisor Series Growth Opportunities Fund 95,127,138 2,910,572 15,808,930 -- 2,615,857 9,574,337 94,418,974 
Fidelity Advisor Series Opportunistic Insights Fund 134,253,941 4,129,227 20,845,144 -- 3,453,137 13,500,351 134,491,512 
Fidelity Advisor Series Short-Term Credit Fund 5,502,922 238,094 427,204 43,340 624 10,501 5,324,937 
Fidelity Advisor Series Small Cap Fund 71,314,504 2,184,232 5,617,712 -- 445,299 5,158,419 73,484,742 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 170,320,861 9,118,695 11,621,606 -- 83,667 6,933,607 174,835,224 
Fidelity Series 100 Index Fund 73,936,519 2,255,153 6,400,738 -- 1,033,568 4,390,594 75,215,096 
Fidelity Series 1000 Value Index Fund 28,635,554 972,775 1,931,420 -- 108,733 1,150,647 28,936,289 
Fidelity Series All-Sector Equity Fund 100,245,505 3,053,907 9,775,844 -- 411,886 7,212,566 101,148,020 
Fidelity Series Canada Fund -- 20,638,187 44,361 -- 26 739,473 21,333,325 
Fidelity Series Commodity Strategy Fund 34,645,169 12,506,125 2,685,207 67,820 (312,953) 231,188 44,384,322 
Fidelity Series Emerging Markets Debt Fund 15,727,504 900,379 915,446 483,052 3,535 349,396 16,065,368 
Fidelity Series Emerging Markets Fund 219,674,149 6,426,402 43,691,921 -- 5,027,123 27,887,051 215,322,804 
Fidelity Series Floating Rate High Income Fund 5,323,980 294,172 381,434 120,280 (8,166) (8,430) 5,220,122 
Fidelity Series Government Money Market Fund 1.09% 17,248,589 3,067,907 1,179,046 84,057 -- -- 19,137,450 
Fidelity Series High Income Fund 33,080,898 1,955,779 2,288,611 912,421 (30,092) 509,435 33,227,409 
Fidelity Series Inflation-Protected Bond Index Fund 19,497,504 567,408 1,220,576 10,966 (10,450) 50,095 18,883,981 
Fidelity Series International Credit Fund -- 1,153,256 -- -- -- 5,766 1,159,022 
Fidelity Series International Growth Fund 206,512,126 6,512,040 28,314,199 -- 3,600,839 23,638,678 211,949,484 
Fidelity Series International Small Cap Fund 47,185,097 1,517,445 5,587,397 -- 559,576 7,137,565 50,812,286 
Fidelity Series International Value Fund 207,054,156 7,768,011 25,869,846 -- 584,990 21,666,313 211,203,624 
Fidelity Series Investment Grade Bond Fund 26,538,767 13,753,002 2,353,557 418,887 5,011 394,730 38,337,953 
Fidelity Series Long-Term Treasury Bond Index Fund 10,602 43,200,138 715,753 173,077 (1,832) (179,414) 42,313,741 
Fidelity Series Real Estate Equity Fund 17,063,755 1,000,861 1,146,563 139,902 6,611 (117,927) 16,806,737 
Fidelity Series Real Estate Income Fund 10,663,041 673,501 717,894 266,066 92 71,503 10,690,243 
Fidelity Series Small Cap Opportunities Fund 86,495,781 9,178,346 5,819,596 164,366 103,538 (1,431,565) 88,526,504 
Total $2,205,380,175 $270,264,022 $333,637,452 $5,842,500 $29,331,178 $149,187,746 $2,320,525,669 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,811,040,924) — See accompanying schedule  $2,320,525,669 
Cash  
Receivable for investments sold  4,582,236 
Receivable for fund shares sold  5,596,467 
Total assets  2,330,704,381 
Liabilities   
Payable for investments purchased $19,101  
Payable for fund shares redeemed 10,159,555  
Accrued management fee 1,429,883  
Distribution and service plan fees payable 432,527  
Total liabilities  12,041,066 
Net Assets  $2,318,663,315 
Net Assets consist of:   
Paid in capital  $1,775,325,119 
Accumulated net investment loss  (2,431,219) 
Accumulated undistributed net realized gain (loss) on investments  36,284,670 
Net unrealized appreciation (depreciation) on investments  509,484,745 
Net Assets  $2,318,663,315 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,124,006,140 ÷ 77,215,082 shares)  $14.56 
Maximum offering price per share (100/94.25 of $14.56)  $15.45 
Class M:   
Net Asset Value and redemption price per share ($352,164,610 ÷ 24,397,073 shares)  $14.43 
Maximum offering price per share (100/96.50 of $14.43)  $14.95 
Class C:   
Net Asset Value and offering price per share ($65,050,117 ÷ 4,583,915 shares)(a)  $14.19 
Class I:   
Net Asset Value, offering price and redemption price per share ($776,159,200 ÷ 52,915,407 shares)  $14.67 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,283,248 ÷ 87,399 shares)  $14.68 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,842,500 
Expenses   
Management fee $5,684,097  
Distribution and service plan fees 2,586,965  
Independent trustees' fees and expenses 4,105  
Total expenses before reductions 8,275,167  
Expense reductions (1,448) 8,273,719 
Net investment income (loss)  (2,431,219) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 29,331,178  
Capital gain distributions from underlying funds 13,800,626  
Total net realized gain (loss)  43,131,804 
Change in net unrealized appreciation (depreciation) on underlying funds  149,187,746 
Net gain (loss)  192,319,550 
Net increase (decrease) in net assets resulting from operations  $189,888,331 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,431,219) $26,987,601 
Net realized gain (loss) 43,131,804 44,125,571 
Change in net unrealized appreciation (depreciation) 149,187,746 242,801,866 
Net increase (decrease) in net assets resulting from operations 189,888,331 313,915,038 
Distributions to shareholders from net investment income – (26,994,343) 
Distributions to shareholders from net realized gain (37,210,060) (75,983,090) 
Total distributions (37,210,060) (102,977,433) 
Share transactions - net increase (decrease) (38,970,876) (144,664,464) 
Total increase (decrease) in net assets 113,707,395 66,273,141 
Net Assets   
Beginning of period 2,204,955,920 2,138,682,779 
End of period $2,318,663,315 $2,204,955,920 
Other Information   
Accumulated net investment loss end of period $(2,431,219) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2035 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.61 $12.37 $13.51 $13.54 $12.74 $11.80 
Income from Investment Operations       
Net investment income (loss)A (.02) .16 .16 .19 .15 .18 
Net realized and unrealized gain (loss) 1.20 1.68 (.66) .71 1.59 .97 
Total from investment operations 1.18 1.84 (.50) .90 1.74 1.15 
Distributions from net investment income – (.16) (.17) (.19) (.15) (.18) 
Distributions from net realized gain (.23) (.44) (.47) (.73) (.79) (.04) 
Total distributions (.23) (.60) (.64) (.93)B (.94) (.21)C 
Net asset value, end of period $14.56 $13.61 $12.37 $13.51 $13.54 $12.74 
Total ReturnD,E,F 8.76% 15.51% (3.92)% 6.81% 14.15% 9.89% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .75%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.23)%I 1.22% 1.28% 1.36% 1.13% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,124,006 $1,117,175 $1,094,459 $1,313,452 $1,348,500 $1,258,797 
Portfolio turnover rateH 24%I 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.93 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.733 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.036 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.51 $12.29 $13.42 $13.46 $12.68 $11.74 
Income from Investment Operations       
Net investment income (loss)A (.03) .12 .13 .15 .11 .15 
Net realized and unrealized gain (loss) 1.17 1.68 (.65) .71 1.58 .97 
Total from investment operations 1.14 1.80 (.52) .86 1.69 1.12 
Distributions from net investment income – (.14) (.14) (.16) (.12) (.15) 
Distributions from net realized gain (.22) (.44) (.46) (.73) (.79) (.04) 
Total distributions (.22) (.58) (.61)B (.90)C (.91) (.18)D 
Net asset value, end of period $14.43 $13.51 $12.29 $13.42 $13.46 $12.68 
Total ReturnE,F,G 8.53% 15.24% (4.08)% 6.52% 13.81% 9.69% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.00%J .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%J .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%J .50% .50% .50% .50% .50% 
Net investment income (loss) (.49)%J .97% 1.03% 1.11% .88% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $352,165 $336,939 $299,952 $303,711 $276,113 $216,701 
Portfolio turnover rateI 24%J 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.143 and distributions from net realized gain of $.464 per share.

 C Total distributions of $.90 per share is comprised of distributions from net investment income of $.162 and distributions from net realized gain of $.733 per share.

 D Total distributions of $.18 per share is comprised of distributions from net investment income of $.148 and distributions from net realized gain of $.036 per share.

 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 Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of the Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.32 $12.14 $13.27 $13.32 $12.56 $11.65 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .07 .08 .05 .09 
Net realized and unrealized gain (loss) 1.16 1.65 (.65) .70 1.56 .95 
Total from investment operations 1.09 1.71 (.58) .78 1.61 1.04 
Distributions from net investment income – (.09) (.10) (.11) (.07) (.10) 
Distributions from net realized gain (.22) (.44) (.45) (.72) (.78) (.04) 
Total distributions (.22) (.53) (.55) (.83) (.85) (.13)B 
Net asset value, end of period $14.19 $13.32 $12.14 $13.27 $13.32 $12.56 
Total ReturnC,D,E 8.27% 14.69% (4.58)% 6.01% 13.27% 9.04% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (.99)%H .47% .53% .61% .38% .79% 
Supplemental Data       
Net assets, end of period (000 omitted) $65,050 $61,581 $54,813 $56,318 $51,931 $43,447 
Portfolio turnover rateG 24%H 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.13 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.036 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.71 $12.45 $13.59 $13.61 $12.80 $11.86 
Income from Investment Operations       
Net investment income (loss)A B .19 .20 .22 .18 .21 
Net realized and unrealized gain (loss) 1.20 1.70 (.67) .72 1.60 .97 
Total from investment operations 1.20 1.89 (.47) .94 1.78 1.18 
Distributions from net investment income – (.19) (.20) (.23) (.18) (.20) 
Distributions from net realized gain (.24) (.44) (.47) (.73) (.79) (.04) 
Total distributions (.24) (.63) (.67) (.96) (.97) (.24) 
Net asset value, end of period $14.67 $13.71 $12.45 $13.59 $13.61 $12.80 
Total ReturnC,D 8.84% 15.79% (3.63)% 7.11% 14.44% 10.10% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .50%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .50%G -% -% -% -% -% 
Expenses net of all reductions .50%G -% -% -% -% -% 
Net investment income (loss) .01%G 1.47% 1.53% 1.61% 1.38% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $776,159 $689,261 $684,976 $710,667 $695,092 $547,049 
Portfolio turnover rateF 24%G 18% 22% 25% 48% 25% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.07 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .48 
Total from investment operations .61 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.68 
Total ReturnC,D 4.34% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.80%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,283 
Portfolio turnover rateE 24%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.4 9.5 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 75.7 78.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.6% 
   International Equity Funds 31.1% 
   Bond Funds 4.3% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 9,270,224 $135,159,863 
Fidelity Advisor Series Equity Value Fund (a) 11,689,916 156,761,768 
Fidelity Advisor Series Growth & Income Fund (a) 16,664,796 249,638,644 
Fidelity Advisor Series Growth Opportunities Fund (a) 6,629,359 87,043,490 
Fidelity Advisor Series Opportunistic Insights Fund (a) 6,692,370 124,009,617 
Fidelity Advisor Series Small Cap Fund (a) 5,509,316 67,764,589 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 11,969,808 161,233,308 
Fidelity Series 100 Index Fund (a) 4,184,107 69,330,654 
Fidelity Series 1000 Value Index Fund (a) 2,122,316 26,656,285 
Fidelity Series All-Sector Equity Fund (a) 6,974,655 93,251,137 
Fidelity Series Commodity Strategy Fund (a) 7,859,868 41,107,111 
Fidelity Series Real Estate Equity Fund (a) 1,198,319 15,470,301 
Fidelity Series Small Cap Opportunities Fund (a) 5,840,532 81,650,631 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,001,184,492)  1,309,077,398 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 1,847,607 19,658,535 
Fidelity Series Emerging Markets Fund (a) 9,740,209 200,648,310 
Fidelity Series International Growth Fund (a) 12,118,228 192,558,647 
Fidelity Series International Small Cap Fund (a) 2,612,721 46,793,839 
Fidelity Series International Value Fund (a) 18,274,709 196,818,621 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $494,283,162)  656,477,952 
Bond Funds - 5.8%   
Fidelity Series Emerging Markets Debt Fund (a) 1,397,467 14,617,502 
Fidelity Series Floating Rate High Income Fund (a) 499,225 4,737,643 
Fidelity Series High Income Fund (a) 3,119,473 30,414,857 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,745,700 17,264,974 
Fidelity Series International Credit Fund (a) 105,033 1,055,577 
Fidelity Series Investment Grade Bond Fund (a) 884,081 9,998,955 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 3,862,666 33,952,839 
Fidelity Series Real Estate Income Fund (a) 870,169 9,719,784 
TOTAL BOND FUNDS   
(Cost $120,618,463)  121,762,131 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 493,345 4,933,449 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 17,152,793 17,152,793 
TOTAL SHORT-TERM FUNDS   
(Cost $22,075,921)  22,086,242 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,638,162,038)  2,109,403,723 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,710,144) 
NET ASSETS - 100%  $2,107,693,579 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $133,478,332 $3,869,505 $21,558,617 $-- $4,909,650 $14,460,993 $135,159,863 
Fidelity Advisor Series Equity Value Fund 237,148,200 7,375,740 91,666,225(a) 1,981,276 6,369,258 (2,465,205) 156,761,768 
Fidelity Advisor Series Growth & Income Fund 164,302,713 95,341,042(a) 16,172,144 753,414 32,586 6,134,447 249,638,644 
Fidelity Advisor Series Growth Opportunities Fund 87,924,291 2,526,854 14,673,889 -- 2,473,001 8,793,233 87,043,490 
Fidelity Advisor Series Opportunistic Insights Fund 124,077,560 3,598,659 19,330,951 -- 2,974,521 12,689,828 124,009,617 
Fidelity Advisor Series Short-Term Credit Fund 5,143,136 212,706 432,856 40,323 748 9,715 4,933,449 
Fidelity Advisor Series Small Cap Fund 65,935,430 1,932,869 5,271,318 -- 403,482 4,764,126 67,764,589 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 157,424,474 9,222,244 11,864,660 -- 161,431 6,289,819 161,233,308 
Fidelity Series 100 Index Fund 68,211,706 2,013,988 5,903,262 -- 1,005,092 4,003,130 69,330,654 
Fidelity Series 1000 Value Index Fund 26,459,062 1,016,773 1,976,227 -- 109,844 1,046,833 26,656,285 
Fidelity Series All-Sector Equity Fund 92,541,193 2,691,632 9,021,774 -- 507,966 6,532,120 93,251,137 
Fidelity Series Canada Fund -- 19,006,895 23,646 -- 33 675,253 19,658,535 
Fidelity Series Commodity Strategy Fund 31,835,227 12,129,184 2,793,193 62,730 (468,183) 404,076 41,107,111 
Fidelity Series Emerging Markets Debt Fund 14,411,820 810,579 927,561 441,211 6,979 315,685 14,617,502 
Fidelity Series Emerging Markets Fund 202,031,324 5,972,402 37,585,228 -- 4,276,852 25,952,960 200,648,310 
Fidelity Series Floating Rate High Income Fund 4,875,701 263,604 386,482 109,703 (10,775) (4,405) 4,737,643 
Fidelity Series Government Money Market Fund 1.09% 16,126,078 2,261,163 1,234,448 76,437 -- -- 17,152,793 
Fidelity Series High Income Fund 30,531,642 1,762,429 2,318,898 838,984 (35,683) 475,367 30,414,857 
Fidelity Series Inflation-Protected Bond Index Fund 17,962,427 502,536 1,236,721 10,057 (13,398) 50,130 17,264,974 
Fidelity Series International Credit Fund -- 1,050,325 -- -- -- 5,252 1,055,577 
Fidelity Series International Growth Fund 190,717,418 5,858,824 29,113,956 -- 5,226,358 19,870,003 192,558,647 
Fidelity Series International Small Cap Fund 43,576,472 1,362,972 5,237,218 -- 577,667 6,513,946 46,793,839 
Fidelity Series International Value Fund 191,221,028 7,800,512 22,736,149 -- 942,111 19,591,119 196,818,621 
Fidelity Series Investment Grade Bond Fund 8,909,130 1,890,624 923,523 121,148 1,048 121,676 9,998,955 
Fidelity Series Long-Term Treasury Bond Index Fund 9,530 35,273,228 1,174,888 150,633 (7,108) (147,923) 33,952,839 
Fidelity Series Real Estate Equity Fund 15,766,650 971,370 1,165,060 128,876 6,548 (109,207) 15,470,301 
Fidelity Series Real Estate Income Fund 9,775,563 605,214 727,386 242,564 (1,478) 67,871 9,719,784 
Fidelity Series Small Cap Opportunities Fund 79,919,247 8,912,397 5,945,362 151,406 105,104 (1,340,755) 81,650,631 
Total $2,020,315,354 $236,236,270 $311,401,642 $5,108,762 $29,553,654 $134,700,087 $2,109,403,723 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,638,162,038) — See accompanying schedule  $2,109,403,723 
Cash  
Receivable for investments sold  2,327,506 
Receivable for fund shares sold  3,000,577 
Total assets  2,114,731,813 
Liabilities   
Payable for investments purchased $5,230  
Payable for fund shares redeemed 5,322,828  
Accrued management fee 1,299,179  
Distribution and service plan fees payable 410,997  
Total liabilities  7,038,234 
Net Assets  $2,107,693,579 
Net Assets consist of:   
Paid in capital  $1,603,533,608 
Accumulated net investment loss  (2,530,293) 
Accumulated undistributed net realized gain (loss) on investments  35,448,579 
Net unrealized appreciation (depreciation) on investments  471,241,685 
Net Assets  $2,107,693,579 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($969,830,766 ÷ 62,213,383 shares)  $15.59 
Maximum offering price per share (100/94.25 of $15.59)  $16.54 
Class M:   
Net Asset Value and redemption price per share ($339,291,043 ÷ 21,863,464 shares)  $15.52 
Maximum offering price per share (100/96.50 of $15.52)  $16.08 
Class C:   
Net Asset Value and offering price per share ($84,680,708 ÷ 5,562,734 shares)(a)  $15.22 
Class I:   
Net Asset Value, offering price and redemption price per share ($712,976,609 ÷ 45,433,985 shares)  $15.69 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($914,453 ÷ 58,238 shares)  $15.70 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,108,762 
Expenses   
Management fee $5,182,025  
Distribution and service plan fees 2,454,603  
Independent trustees' fees and expenses 3,753  
Total expenses before reductions 7,640,381  
Expense reductions (1,326) 7,639,055 
Net investment income (loss)  (2,530,293) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 29,553,654  
Capital gain distributions from underlying funds 12,756,661  
Total net realized gain (loss)  42,310,315 
Change in net unrealized appreciation (depreciation) on underlying funds  134,700,087 
Net gain (loss)  177,010,402 
Net increase (decrease) in net assets resulting from operations  $174,480,109 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,530,293) $24,644,915 
Net realized gain (loss) 42,310,315 40,972,527 
Change in net unrealized appreciation (depreciation) 134,700,087 222,910,520 
Net increase (decrease) in net assets resulting from operations 174,480,109 288,527,962 
Distributions to shareholders from net investment income – (24,918,914) 
Distributions to shareholders from net realized gain (33,960,153) (71,552,200) 
Total distributions (33,960,153) (96,471,114) 
Share transactions - net increase (decrease) (52,630,755) (141,397,501) 
Total increase (decrease) in net assets 87,889,201 50,659,347 
Net Assets   
Beginning of period 2,019,804,378 1,969,145,031 
End of period $2,107,693,579 $2,019,804,378 
Other Information   
Accumulated net investment loss end of period $(2,530,293) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2040 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.57 $13.25 $14.49 $14.51 $13.61 $12.60 
Income from Investment Operations       
Net investment income (loss)A (.02) .17 .17 .20 .15 .19 
Net realized and unrealized gain (loss) 1.28 1.80 (.69) .76 1.74 1.05 
Total from investment operations 1.26 1.97 (.52) .96 1.89 1.24 
Distributions from net investment income – (.17) (.18) (.21) (.16) (.19) 
Distributions from net realized gain (.24) (.48) (.54) (.77) (.83) (.04) 
Total distributions (.24) (.65) (.72) (.98) (.99) (.23) 
Net asset value, end of period $15.59 $14.57 $13.25 $14.49 $14.51 $13.61 
Total ReturnB,C,D 8.77% 15.53% (3.82)% 6.76% 14.37% 9.94% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%G .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%G .25% .25% .25% .25% .25% 
Net investment income (loss) (.25)%G 1.22% 1.27% 1.35% 1.10% 1.53% 
Supplemental Data       
Net assets, end of period (000 omitted) $969,831 $965,401 $950,816 $1,154,277 $1,195,641 $1,133,722 
Portfolio turnover rateE 23%G 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.52 $13.21 $14.45 $14.47 $13.58 $12.57 
Income from Investment Operations       
Net investment income (loss)A (.04) .13 .14 .16 .12 .16 
Net realized and unrealized gain (loss) 1.28 1.81 (.70) .76 1.73 1.04 
Total from investment operations 1.24 1.94 (.56) .92 1.85 1.20 
Distributions from net investment income – (.15) (.15) (.17) (.13) (.16) 
Distributions from net realized gain (.24) (.48) (.53) (.77) (.83) (.04) 
Total distributions (.24) (.63) (.68) (.94) (.96) (.19)B 
Net asset value, end of period $15.52 $14.52 $13.21 $14.45 $14.47 $13.58 
Total ReturnC,D,E 8.62% 15.26% (4.07)% 6.51% 14.06% 9.69% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%H .97% 1.02% 1.10% .85% 1.28% 
Supplemental Data       
Net assets, end of period (000 omitted) $339,291 $324,990 $310,107 $333,069 $341,608 $288,886 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.19 per share is comprised of distributions from net investment income of $.156 and distributions from net realized gain of $.037 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.28 $13.02 $14.27 $14.30 $13.43 $12.45 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .07 .09 .05 .10 
Net realized and unrealized gain (loss) 1.25 1.78 (.70) .75 1.71 1.02 
Total from investment operations 1.18 1.84 (.63) .84 1.76 1.12 
Distributions from net investment income – (.10) (.10) (.12) (.07) (.11) 
Distributions from net realized gain (.24) (.48) (.52) (.75) (.82) (.04) 
Total distributions (.24) (.58) (.62) (.87) (.89) (.14)B 
Net asset value, end of period $15.22 $14.28 $13.02 $14.27 $14.30 $13.43 
Total ReturnC,D,E 8.34% 14.70% (4.63)% 6.01% 13.57% 9.09% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%H .48% .52% .60% .35% .78% 
Supplemental Data       
Net assets, end of period (000 omitted) $84,681 $79,480 $73,036 $77,130 $72,247 $62,893 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.14 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.037 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.65 $13.32 $14.57 $14.59 $13.67 $12.65 
Income from Investment Operations       
Net investment income (loss)A B .20 .21 .23 .19 .23 
Net realized and unrealized gain (loss) 1.29 1.82 (.71) .76 1.75 1.05 
Total from investment operations 1.29 2.02 (.50) .99 1.94 1.28 
Distributions from net investment income – (.20) (.22) (.24) (.19) (.22) 
Distributions from net realized gain (.25) (.49) (.54) (.77) (.83) (.04) 
Total distributions (.25) (.69) (.75)C (1.01) (1.02) (.26) 
Net asset value, end of period $15.69 $14.65 $13.32 $14.57 $14.59 $13.67 
Total ReturnD,E 8.93% 15.82% (3.62)% 6.99% 14.73% 10.24% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.01)%H 1.47% 1.52% 1.60% 1.35% 1.78% 
Supplemental Data       
Net assets, end of period (000 omitted) $712,977 $649,934 $629,599 $688,278 $664,689 $508,363 
Portfolio turnover rateF 23%H 18% 21% 24% 47% 26% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.75 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $.535 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.04 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .53 
Total from investment operations .66 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $15.70 
Total ReturnC,D 4.39% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.59%G 
Supplemental Data  
Net assets, end of period (000 omitted) $914 
Portfolio turnover rateE 23%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.7 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) *  (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 5,654,821 $82,447,284 
Fidelity Advisor Series Equity Value Fund (a) 7,134,265 95,670,492 
Fidelity Advisor Series Growth & Income Fund (a) 10,166,759 152,298,045 
Fidelity Advisor Series Growth Opportunities Fund (a) 4,044,796 53,108,173 
Fidelity Advisor Series Opportunistic Insights Fund (a) 4,082,075 75,640,856 
Fidelity Advisor Series Small Cap Fund (a) 3,360,977 41,340,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 7,302,816 98,368,933 
Fidelity Series 100 Index Fund (a) 2,553,022 42,303,580 
Fidelity Series 1000 Value Index Fund (a) 1,296,295 16,281,470 
Fidelity Series All-Sector Equity Fund (a) 4,254,381 56,881,071 
Fidelity Series Commodity Strategy Fund (a) 4,838,932 25,307,615 
Fidelity Series Real Estate Equity Fund (a) 732,513 9,456,742 
Fidelity Series Small Cap Opportunities Fund (a) 3,562,830 49,808,365 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $620,706,314)  798,912,640 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 1,126,515 11,986,122 
Fidelity Series Emerging Markets Fund (a) 5,944,311 122,452,816 
Fidelity Series International Growth Fund (a) 7,466,398 118,641,069 
Fidelity Series International Small Cap Fund (a) 1,594,212 28,552,339 
Fidelity Series International Value Fund (a) 11,024,744 118,736,488 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $309,834,315)  400,368,834 
Bond Funds - 5.8%   
Fidelity Series Emerging Markets Debt Fund (a) 842,597 8,813,564 
Fidelity Series Floating Rate High Income Fund (a) 305,303 2,897,327 
Fidelity Series High Income Fund (a) 1,883,694 18,366,016 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,050,801 10,392,423 
Fidelity Series International Credit Fund (a) 63,279 635,956 
Fidelity Series Investment Grade Bond Fund (a) 539,512 6,101,880 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,364,009 20,779,640 
Fidelity Series Real Estate Income Fund (a) 526,866 5,885,090 
TOTAL BOND FUNDS   
(Cost $72,902,749)  73,871,896 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 298,992 2,989,924 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 10,491,626 10,491,626 
TOTAL SHORT-TERM FUNDS   
(Cost $13,475,313)  13,481,550 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,016,918,691)  1,286,634,920 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,014,517) 
NET ASSETS - 100%  $1,285,620,403 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $78,675,858 $3,907,533 $11,728,636 $-- $2,158,799 $9,433,730 $82,447,284 
Fidelity Advisor Series Equity Value Fund 139,788,643 6,433,299 52,926,480(a) 1,183,319 3,386,952 (1,011,922) 95,670,492 
Fidelity Advisor Series Growth & Income Fund 96,846,527 59,615,325(a) 7,896,543 453,408 (56,602) 3,789,338 152,298,045 
Fidelity Advisor Series Growth Opportunities Fund 51,821,990 2,519,041 7,967,662 -- 1,105,653 5,629,151 53,108,173 
Fidelity Advisor Series Opportunistic Insights Fund 73,134,052 3,634,170 10,495,815 -- 1,257,494 8,110,955 75,640,856 
Fidelity Advisor Series Short-Term Credit Fund 2,997,726 194,756 208,632 23,999 184 5,890 2,989,924 
Fidelity Advisor Series Small Cap Fund 38,859,402 1,952,012 2,592,528 -- 41,209 3,079,919 41,340,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 92,791,862 7,421,058 5,756,793 -- 15,484 3,897,322 98,368,933 
Fidelity Series 100 Index Fund 40,211,687 2,015,895 2,935,292 -- 267,726 2,743,564 42,303,580 
Fidelity Series 1000 Value Index Fund 15,597,403 942,561 958,841 -- 2,393 697,954 16,281,470 
Fidelity Series All-Sector Equity Fund 54,552,620 2,683,292 4,581,855 -- 123,178 4,103,836 56,881,071 
Fidelity Series Canada Fund -- 11,583,179 4,442 -- (6) 407,391 11,986,122 
Fidelity Series Commodity Strategy Fund 19,462,589 7,257,167 1,366,181 38,475 (35,489) (10,471) 25,307,615 
Fidelity Series Emerging Markets Debt Fund 8,441,336 628,184 447,074 262,253 2,858 188,260 8,813,564 
Fidelity Series Emerging Markets Fund 119,033,906 5,685,817 20,358,838 -- 1,939,580 16,152,351 122,452,816 
Fidelity Series Floating Rate High Income Fund 2,874,378 218,355 186,281 65,855 (101) (9,024) 2,897,327 
Fidelity Series Government Money Market Fund 1.09% 9,394,039 1,683,169 585,582 45,909 -- -- 10,491,626 
Fidelity Series High Income Fund 17,809,902 1,412,785 1,117,683 498,017 (3,664) 264,676 18,366,016 
Fidelity Series Inflation-Protected Bond Index Fund 10,473,212 493,853 596,088 5,984 (2,922) 24,368 10,392,423 
Fidelity Series International Credit Fund -- 632,792 -- -- -- 3,164 635,956 
Fidelity Series International Growth Fund 112,427,130 5,741,666 14,514,736 -- 1,125,536 13,861,473 118,641,069 
Fidelity Series International Small Cap Fund 25,677,674 1,339,908 2,702,370 -- 197,193 4,039,934 28,552,339 
Fidelity Series International Value Fund 112,714,207 6,842,189 13,109,247 -- 419,748 11,869,591 118,736,488 
Fidelity Series Investment Grade Bond Fund 5,242,976 1,255,763 469,711 72,725 835 72,017 6,101,880 
Fidelity Series Long-Term Treasury Bond Index Fund 5,686 21,454,398 584,319 91,015 (3,934) (92,191) 20,779,640 
Fidelity Series Real Estate Equity Fund 9,294,425 793,191 565,406 77,747 2,006 (67,474) 9,456,742 
Fidelity Series Real Estate Income Fund 5,722,145 475,801 350,807 144,949 728 37,223 5,885,090 
Fidelity Series Small Cap Opportunities Fund 47,112,893 6,328,108 2,884,466 92,022 (4,646) (743,524) 49,808,365 
Total $1,190,964,268 $165,145,267 $167,892,308 $3,055,677 $11,940,192 $86,477,501 $1,286,634,920 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,016,918,691) — See accompanying schedule  $1,286,634,920 
Cash  
Receivable for investments sold  438,881 
Receivable for fund shares sold  2,933,318 
Total assets  1,290,007,120 
Liabilities   
Payable for investments purchased $2,907  
Payable for fund shares redeemed 3,369,334  
Accrued management fee 789,110  
Distribution and service plan fees payable 225,366  
Total liabilities  4,386,717 
Net Assets  $1,285,620,403 
Net Assets consist of:   
Paid in capital  $1,003,351,643 
Accumulated net investment loss  (1,406,323) 
Accumulated undistributed net realized gain (loss) on investments  13,958,854 
Net unrealized appreciation (depreciation) on investments  269,716,229 
Net Assets  $1,285,620,403 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($574,034,583 ÷ 47,573,608 shares)  $12.07 
Maximum offering price per share (100/94.25 of $12.07)  $12.81 
Class M:   
Net Asset Value and redemption price per share ($201,540,863 ÷ 16,830,621 shares)  $11.97 
Maximum offering price per share (100/96.50 of $11.97)  $12.40 
Class C:   
Net Asset Value and offering price per share ($29,723,117 ÷ 2,513,425 shares)(a)  $11.83 
Class I:   
Net Asset Value, offering price and redemption price per share ($479,645,979 ÷ 39,479,136 shares)  $12.15 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($675,861 ÷ 55,568 shares)  $12.16 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $3,055,677 
Expenses   
Management fee $3,123,896  
Distribution and service plan fees 1,336,648  
Independent trustees' fees and expenses 2,238  
Total expenses before reductions 4,462,782  
Expense reductions (782) 4,462,000 
Net investment income (loss)  (1,406,323) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 11,940,192  
Capital gain distributions from underlying funds 7,724,375  
Total net realized gain (loss)  19,664,567 
Change in net unrealized appreciation (depreciation) on underlying funds  86,477,501 
Net gain (loss)  106,142,068 
Net increase (decrease) in net assets resulting from operations  $104,735,745 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,406,323) $14,469,103 
Net realized gain (loss) 19,664,567 21,975,953 
Change in net unrealized appreciation (depreciation) 86,477,501 130,631,830 
Net increase (decrease) in net assets resulting from operations 104,735,745 167,076,886 
Distributions to shareholders from net investment income – (14,531,898) 
Distributions to shareholders from net realized gain (18,793,789) (39,042,045) 
Total distributions (18,793,789) (53,573,943) 
Share transactions - net increase (decrease) 8,930,779 (28,198,870) 
Total increase (decrease) in net assets 94,872,735 85,304,073 
Net Assets   
Beginning of period 1,190,747,668 1,105,443,595 
End of period $1,285,620,403 $1,190,747,668 
Other Information   
Accumulated net investment loss end of period $(1,406,323) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2045 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.26 $10.23 $11.15 $11.31 $10.46 $9.79 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .13 .15 .12 .16 
Net realized and unrealized gain (loss) 1.01 1.39 (.54) .59 1.39 .81 
Total from investment operations .99 1.52 (.41) .74 1.51 .97 
Distributions from net investment income – (.13) (.14) (.16) (.12) (.15) 
Distributions from net realized gain (.18) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.18) (.49) (.51) (.90) (.66) (.30) 
Net asset value, end of period $12.07 $11.26 $10.23 $11.15 $11.31 $10.46 
Total ReturnB,C,D 8.84% 15.50% (3.85)% 6.80% 14.74% 10.21% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%G .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%G .25% .25% .25% .25% .25% 
Net investment income (loss) (.26)%G 1.22% 1.27% 1.37% 1.12% 1.59% 
Supplemental Data       
Net assets, end of period (000 omitted) $574,035 $556,090 $531,510 $623,734 $612,735 $527,525 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.19 $10.17 $11.09 $11.26 $10.42 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.03) .10 .11 .13 .09 .13 
Net realized and unrealized gain (loss) .98 1.39 (.54) .57 1.39 .82 
Total from investment operations .95 1.49 (.43) .70 1.48 .95 
Distributions from net investment income – (.11) (.12) (.13) (.10) (.12) 
Distributions from net realized gain (.17) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.17) (.47) (.49) (.87) (.64) (.28)B 
Net asset value, end of period $11.97 $11.19 $10.17 $11.09 $11.26 $10.42 
Total ReturnC,D,E 8.58% 15.29% (4.10)% 6.50% 14.45% 10.02% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%H .97% 1.02% 1.12% .87% 1.34% 
Supplemental Data       
Net assets, end of period (000 omitted) $201,541 $186,200 $158,557 $153,677 $128,619 $92,998 
Portfolio turnover rateG 27%H 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.28 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.153 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.08 $10.09 $11.01 $11.19 $10.36 $9.71 
Income from Investment Operations       
Net investment income (loss)A (.06) .05 .05 .07 .04 .08 
Net realized and unrealized gain (loss) .98 1.38 (.53) .57 1.38 .81 
Total from investment operations .92 1.43 (.48) .64 1.42 .89 
Distributions from net investment income – (.08) (.08) (.09) (.06) (.09) 
Distributions from net realized gain (.17) (.36) (.36) (.73) (.53) (.15) 
Total distributions (.17) (.44) (.44) (.82) (.59) (.24) 
Net asset value, end of period $11.83 $11.08 $10.09 $11.01 $11.19 $10.36 
Total ReturnB,C,D 8.39% 14.71% (4.59)% 5.95% 13.95% 9.42% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%G 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%G .47% .53% .62% .37% .84% 
Supplemental Data       
Net assets, end of period (000 omitted) $29,723 $27,491 $23,423 $22,493 $18,457 $13,415 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.33 $10.28 $11.21 $11.37 $10.50 $9.83 
Income from Investment Operations       
Net investment income (loss)A B .16 .16 .18 .15 .18 
Net realized and unrealized gain (loss) 1.00 1.40 (.55) .59 1.41 .81 
Total from investment operations 1.00 1.56 (.39) .77 1.56 .99 
Distributions from net investment income – (.15) (.17) (.19) (.15) (.17) 
Distributions from net realized gain (.18) (.36) (.37) (.74) (.54) (.15) 
Total distributions (.18) (.51) (.54) (.93) (.69) (.32) 
Net asset value, end of period $12.15 $11.33 $10.28 $11.21 $11.37 $10.50 
Total ReturnC,D 8.94% 15.83% (3.66)% 7.03% 15.14% 10.43% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .50%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .50%G -% -% -% -% -% 
Expenses net of all reductions .50%G -% -% -% -% -% 
Net investment income (loss) (.01)%G 1.47% 1.52% 1.62% 1.37% 1.84% 
Supplemental Data       
Net assets, end of period (000 omitted) $479,646 $420,967 $390,675 $400,667 $378,776 $269,633 
Portfolio turnover rateF 27%G 22% 26% 27% 46% 25% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .41 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.16 
Total ReturnC,D 4.38% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.74%G 
Supplemental Data  
Net assets, end of period (000 omitted) $676 
Portfolio turnover rateE 27%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.9 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.4 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.3 
 75.8 78.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) *  (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 4,461,014 $65,041,577 
Fidelity Advisor Series Equity Value Fund (a) 5,627,772 75,468,422 
Fidelity Advisor Series Growth & Income Fund (a) 8,019,518 120,132,388 
Fidelity Advisor Series Growth Opportunities Fund(a) 3,189,576 41,879,127 
Fidelity Advisor Series Opportunistic Insights Fund (a) 3,221,219 59,689,185 
Fidelity Advisor Series Small Cap Fund (a) 2,653,493 32,637,959 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 5,760,145 77,589,159 
Fidelity Series 100 Index Fund (a) 2,014,461 33,379,612 
Fidelity Series 1000 Value Index Fund (a) 1,022,498 12,842,580 
Fidelity Series All-Sector Equity Fund (a) 3,355,756 44,866,459 
Fidelity Series Commodity Strategy Fund (a) 3,816,702 19,961,351 
Fidelity Series Real Estate Equity Fund (a) 577,757 7,458,840 
Fidelity Series Small Cap Opportunities Fund (a) 2,810,687 39,293,400 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $491,084,701)  630,240,059 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 888,323 9,451,755 
Fidelity Series Emerging Markets Fund (a) 4,690,141 96,616,896 
Fidelity Series International Growth Fund (a) 5,830,354 92,644,319 
Fidelity Series International Small Cap Fund (a) 1,257,720 22,525,766 
Fidelity Series International Value Fund (a) 8,783,277 94,595,896 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $244,977,338)  315,834,632 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 663,188 6,936,950 
Fidelity Series Floating Rate High Income Fund (a) 241,134 2,288,363 
Fidelity Series High Income Fund (a) 1,478,860 14,418,884 
Fidelity Series Inflation-Protected Bond Index Fund (a) 821,230 8,121,969 
Fidelity Series International Credit Fund (a) 49,731 499,793 
Fidelity Series Investment Grade Bond Fund (a) 425,558 4,813,066 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,867,602 16,416,221 
Fidelity Series Real Estate Income Fund (a) 415,258 4,638,429 
TOTAL BOND FUNDS   
(Cost $57,617,940)  58,133,675 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 233,351 2,333,514 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 8,319,678 8,319,678 
TOTAL SHORT-TERM FUNDS   
(Cost $10,648,389)  10,653,192 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $804,328,368)  1,014,861,558 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (798,900) 
NET ASSETS - 100%  $1,014,062,658 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $61,424,250 $3,716,057 $9,183,409 $-- $1,417,243 $7,667,436 $65,041,577 
Fidelity Advisor Series Equity Value Fund 109,137,178 5,806,060 41,347,823(a) 925,737 2,651,802 (778,795) 75,468,422 
Fidelity Advisor Series Growth & Income Fund 75,610,979 47,701,164(a) 6,131,699 355,871 (41,129) 2,993,073 120,132,388 
Fidelity Advisor Series Growth Opportunities Fund 40,458,803 2,411,545 6,269,580 -- 756,146 4,522,213 41,879,127 
Fidelity Advisor Series Opportunistic Insights Fund 57,097,662 3,456,125 8,206,167 -- 846,852 6,494,713 59,689,185 
Fidelity Advisor Series Short-Term Credit Fund 2,311,972 180,639 163,768 18,605 121 4,550 2,333,514 
Fidelity Advisor Series Small Cap Fund 30,339,120 1,856,392 2,016,015 -- 27,415 2,431,047 32,637,959 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 72,445,784 6,581,884 4,522,869 -- 22,881 3,061,479 77,589,159 
Fidelity Series 100 Index Fund 31,401,616 1,916,163 2,303,348 -- 105,431 2,259,750 33,379,612 
Fidelity Series 1000 Value Index Fund 12,177,297 866,921 753,381 -- 1,149 550,594 12,842,580 
Fidelity Series All-Sector Equity Fund 42,590,508 2,568,770 3,610,416 -- 101,754 3,215,843 44,866,459 
Fidelity Series Canada Fund -- 9,142,648 12,076 -- (11) 321,194 9,451,755 
Fidelity Series Commodity Strategy Fund 15,435,424 5,632,095 1,065,594 30,363 (22,372) (18,202) 19,961,351 
Fidelity Series Emerging Markets Debt Fund 6,585,766 552,617 350,934 205,431 1,887 147,614 6,936,950 
Fidelity Series Emerging Markets Fund 92,941,824 5,469,747 15,977,440 -- 1,454,154 12,728,611 96,616,896 
Fidelity Series Floating Rate High Income Fund 2,245,372 196,397 146,225 51,722 (143) (7,038) 2,288,363 
Fidelity Series Government Money Market Fund 1.09% 7,236,366 1,546,991 463,679 36,043 -- -- 8,319,678 
Fidelity Series High Income Fund 13,835,614 1,256,659 877,333 388,684 3,961 199,983 14,418,884 
Fidelity Series Inflation-Protected Bond Index Fund 8,105,743 467,574 467,904 4,660 (161) 16,717 8,121,969 
Fidelity Series International Credit Fund -- 497,306 -- -- -- 2,487 499,793 
Fidelity Series International Growth Fund 87,773,342 5,424,784 12,285,989 -- 858,218 10,873,964 92,644,319 
Fidelity Series International Small Cap Fund 20,040,723 1,278,304 2,108,462 -- 134,143 3,181,058 22,525,766 
Fidelity Series International Value Fund 88,005,325 6,376,057 9,430,583 -- 419,042 9,226,055 94,595,896 
Fidelity Series Investment Grade Bond Fund 4,102,571 1,033,065 379,556 57,089 644 56,342 4,813,066 
Fidelity Series Long-Term Treasury Bond Index Fund 3,056 16,954,630 464,521 71,635 (3,799) (73,145) 16,416,221 
Fidelity Series Real Estate Equity Fund 7,256,365 698,655 444,219 61,097 1,158 (53,119) 7,458,840 
Fidelity Series Real Estate Income Fund 4,463,958 420,651 275,440 113,778 (755) 30,015 4,638,429 
Fidelity Series Small Cap Opportunities Fund 36,782,095 5,364,473 2,265,312 72,624 (9,130) (578,726) 39,293,400 
Total $929,808,713 $139,374,373 $131,523,742 $2,393,339 $8,726,501 $68,475,713 $1,014,861,558 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $804,328,368) — See accompanying schedule  $1,014,861,558 
Receivable for investments sold  1,152,737 
Receivable for fund shares sold  2,259,888 
Total assets  1,018,274,183 
Liabilities   
Payable to custodian bank $28  
Payable for investments purchased 38,813  
Payable for fund shares redeemed 3,373,504  
Accrued management fee 622,392  
Distribution and service plan fees payable 176,788  
Total liabilities  4,211,525 
Net Assets  $1,014,062,658 
Net Assets consist of:   
Paid in capital  $794,657,625 
Accumulated net investment loss  (1,103,553) 
Accumulated undistributed net realized gain (loss) on investments  9,975,396 
Net unrealized appreciation (depreciation) on investments  210,533,190 
Net Assets  $1,014,062,658 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($415,988,075 ÷ 34,633,089 shares)  $12.01 
Maximum offering price per share (100/94.25 of $12.01)  $12.74 
Class M:   
Net Asset Value and redemption price per share ($159,381,760 ÷ 13,341,371 shares)  $11.95 
Maximum offering price per share (100/96.50 of $11.95)  $12.38 
Class C:   
Net Asset Value and offering price per share ($31,217,394 ÷ 2,643,036 shares)(a)  $11.81 
Class I:   
Net Asset Value, offering price and redemption price per share ($406,379,089 ÷ 33,607,858 shares)  $12.09 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,096,340 ÷ 90,605 shares)  $12.10 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $2,393,339 
Expenses   
Management fee $2,455,063  
Distribution and service plan fees 1,040,688  
Independent trustees' fees and expenses 1,751  
Total expenses before reductions 3,497,502  
Expense reductions (610) 3,496,892 
Net investment income (loss)  (1,103,553) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 8,726,501  
Capital gain distributions from underlying funds 6,081,338  
Total net realized gain (loss)  14,807,839 
Change in net unrealized appreciation (depreciation) on underlying funds  68,475,713 
Net gain (loss)  83,283,552 
Net increase (decrease) in net assets resulting from operations  $82,179,999 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,103,553) $11,091,001 
Net realized gain (loss) 14,807,839 15,876,126 
Change in net unrealized appreciation (depreciation) 68,475,713 101,221,499 
Net increase (decrease) in net assets resulting from operations 82,179,999 128,188,626 
Distributions to shareholders from net investment income – (11,189,601) 
Distributions to shareholders from net realized gain (13,899,270) (28,798,024) 
Total distributions (13,899,270) (39,987,625) 
Share transactions - net increase (decrease) 16,141,172 3,772,240 
Total increase (decrease) in net assets 84,421,901 91,973,241 
Net Assets   
Beginning of period 929,640,757 837,667,516 
End of period $1,014,062,658 $929,640,757 
Other Information   
Accumulated net investment loss end of period $(1,103,553) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2050 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.20 $10.16 $11.06 $11.24 $10.39 $9.61 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .13 .15 .12 .15 
Net realized and unrealized gain (loss) 1.00 1.39 (.53) .58 1.40 .82 
Total from investment operations .98 1.52 (.40) .73 1.52 .97 
Distributions from net investment income – (.13) (.14) (.16) (.12) (.14) 
Distributions from net realized gain (.17) (.34) (.36) (.76) (.55) (.05) 
Total distributions (.17) (.48)B (.50) (.91)C (.67) (.19) 
Net asset value, end of period $12.01 $11.20 $10.16 $11.06 $11.24 $10.39 
Total ReturnD,E,F 8.79% 15.52% (3.84)% 6.77% 14.91% 10.23% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .75%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .75%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .75%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.26)%I 1.22% 1.28% 1.37% 1.10% 1.56% 
Supplemental Data       
Net assets, end of period (000 omitted) $415,988 $396,373 $363,199 $415,103 $401,589 $352,814 
Portfolio turnover rateH 27%I 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.48 per share is comprised of distributions from net investment income of $.131 and distributions from net realized gain of $.344 per share.

 C Total distributions of $.91 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.755 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.15 $10.12 $11.02 $11.20 $10.36 $9.58 
Income from Investment Operations       
Net investment income (loss)A (.03) .10 .11 .12 .09 .13 
Net realized and unrealized gain (loss) .99 1.38 (.54) .58 1.39 .81 
Total from investment operations .96 1.48 (.43) .70 1.48 .94 
Distributions from net investment income – (.11) (.12) (.13) (.10) (.12) 
Distributions from net realized gain (.16) (.34) (.36) (.76) (.55) (.05) 
Total distributions (.16) (.45) (.47)B (.88)C (.64)D (.16)E 
Net asset value, end of period $11.95 $11.15 $10.12 $11.02 $11.20 $10.36 
Total ReturnF,G,H 8.68% 15.22% (4.08)% 6.54% 14.61% 9.99% 
Ratios to Average Net AssetsI,J       
Expenses before reductions 1.00%K .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.00%K .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.00%K .50% .50% .50% .50% .50% 
Net investment income (loss) (.51)%K .97% 1.04% 1.12% .85% 1.31% 
Supplemental Data       
Net assets, end of period (000 omitted) $159,382 $147,601 $127,842 $126,987 $115,391 $89,196 
Portfolio turnover rateJ 27%K 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.47 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.355 per share.

 C Total distributions of $.88 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.755 per share.

 D Total distributions of $.64 per share is comprised of distributions from net investment income of $.097 and distributions from net realized gain of $.546 per share.

 E Total distributions of $.16 per share is comprised of distributions from net investment income of $.117 and distributions from net realized gain of $.046 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Total returns do not include the effect of the sales charges.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Amounts do not include the activity of the Underlying Funds.

 K Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.05 $10.04 $10.95 $11.14 $10.31 $9.54 
Income from Investment Operations       
Net investment income (loss)A (.06) .05 .06 .07 .04 .08 
Net realized and unrealized gain (loss) .98 1.37 (.55) .57 1.38 .82 
Total from investment operations .92 1.42 (.49) .64 1.42 .90 
Distributions from net investment income – (.08) (.08) (.09) (.06) (.08) 
Distributions from net realized gain (.16) (.34) (.34) (.74) (.54) (.05) 
Total distributions (.16) (.41)B (.42) (.83) (.59)C (.13) 
Net asset value, end of period $11.81 $11.05 $10.04 $10.95 $11.14 $10.31 
Total ReturnD,E,F 8.36% 14.73% (4.67)% 6.01% 14.06% 9.53% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.50%I 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.01)%I .47% .54% .63% .35% .81% 
Supplemental Data       
Net assets, end of period (000 omitted) $31,217 $28,268 $24,460 $24,652 $21,190 $16,188 
Portfolio turnover rateH 27%I 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.41 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.339 per share.

 C Total distributions of $.59 per share is comprised of distributions from net investment income of $.056 and distributions from net realized gain of $.536 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.27 $10.22 $11.13 $11.30 $10.44 $9.65 
Income from Investment Operations       
Net investment income (loss)A B .16 .16 .18 .15 .18 
Net realized and unrealized gain (loss) .99 1.39 (.55) .59 1.40 .82 
Total from investment operations .99 1.55 (.39) .77 1.55 1.00 
Distributions from net investment income – (.15) (.16) (.18) (.15) (.16) 
Distributions from net realized gain (.17) (.35) (.36) (.76) (.55) (.05) 
Total distributions (.17) (.50) (.52) (.94) (.69)C (.21) 
Net asset value, end of period $12.09 $11.27 $10.22 $11.13 $11.30 $10.44 
Total ReturnD,E 8.89% 15.81% (3.65)% 7.10% 15.20% 10.55% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.01)%H 1.47% 1.53% 1.62% 1.35% 1.81% 
Supplemental Data       
Net assets, end of period (000 omitted) $406,379 $357,398 $320,449 $303,017 $282,594 $202,208 
Portfolio turnover rateG 27%H 25% 24% 30% 47% 28% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.69 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.546 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.59 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .40 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.10 
Total ReturnC,D 4.40% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.94%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,096 
Portfolio turnover rateE 27%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.8 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Growth Fund 9.3 9.4 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.7 7.8 
Fidelity Advisor Series Equity Value Fund 7.5 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.9 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.7% 
   Short-Term Funds 1.0% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.8% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 0.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 2,109,243 $30,752,756 
Fidelity Advisor Series Equity Value Fund (a) 2,663,374 35,715,843 
Fidelity Advisor Series Growth & Income Fund (a) 3,789,867 56,772,205 
Fidelity Advisor Series Growth Opportunities Fund (a) 1,507,405 19,792,234 
Fidelity Advisor Series Opportunistic Insights Fund (a) 1,523,695 28,234,074 
Fidelity Advisor Series Small Cap Fund (a) 1,253,482 15,417,827 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 2,721,692 36,661,192 
Fidelity Series 100 Index Fund (a) 951,056 15,758,991 
Fidelity Series 1000 Value Index Fund (a) 483,240 6,069,493 
Fidelity Series All-Sector Equity Fund (a) 1,585,808 21,202,254 
Fidelity Series Commodity Strategy Fund (a) 1,803,758 9,433,655 
Fidelity Series Real Estate Equity Fund (a) 273,011 3,524,568 
Fidelity Series Small Cap Opportunities Fund (a) 1,328,801 18,576,638 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $254,841,099)  297,911,730 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 419,499 4,463,466 
Fidelity Series Emerging Markets Fund (a) 2,217,243 45,675,196 
Fidelity Series International Growth Fund (a) 2,785,724 44,265,153 
Fidelity Series International Small Cap Fund (a) 594,865 10,654,031 
Fidelity Series International Value Fund (a) 4,108,876 44,252,592 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $125,421,492)  149,310,438 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 303,705 3,176,752 
Fidelity Series Floating Rate High Income Fund (a) 114,682 1,088,328 
Fidelity Series High Income Fund (a) 712,662 6,948,452 
Fidelity Series Inflation-Protected Bond Index Fund (a) 364,994 3,609,787 
Fidelity Series International Credit Fund (a) 22,713 228,268 
Fidelity Series Investment Grade Bond Fund (a) 201,306 2,276,774 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 885,137 7,780,357 
Fidelity Series Real Estate Income Fund (a) 193,891 2,165,766 
TOTAL BOND FUNDS   
(Cost $27,000,168)  27,274,484 
Short-Term Funds - 1.0%   
Fidelity Advisor Series Short-Term Credit Fund (a) 102,738 1,027,381 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 4,021,447 4,021,447 
TOTAL SHORT-TERM FUNDS   
(Cost $5,046,737)  5,048,828 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $412,309,496)  479,545,480 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (368,086) 
NET ASSETS - 100%  $479,177,394 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $26,621,622 $3,457,630 $3,420,389 $-- $165,190 $3,928,703 $30,752,756 
Fidelity Advisor Series Equity Value Fund 47,287,802 5,011,751 17,460,473(a) 413,930 537,856 338,907 35,715,843 
Fidelity Advisor Series Growth & Income Fund 32,766,556 24,420,115(a) 1,787,950 162,233 (22,489) 1,395,973 56,772,205 
Fidelity Advisor Series Growth Opportunities Fund 17,540,956 2,229,547 2,353,070 -- 124,696 2,250,105 19,792,234 
Fidelity Advisor Series Opportunistic Insights Fund 24,747,674 3,216,091 3,033,690 -- 130,830 3,173,169 28,234,074 
Fidelity Advisor Series Short-Term Credit Fund 911,479 160,450 46,380 7,787 63 1,769 1,027,381 
Fidelity Advisor Series Small Cap Fund 13,158,231 1,748,068 624,230 -- 5,604 1,130,154 15,417,827 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 31,395,884 5,108,030 1,277,656 -- 5,675 1,429,259 36,661,192 
Fidelity Series 100 Index Fund 13,600,249 1,809,469 727,995 -- 3,879 1,073,389 15,758,991 
Fidelity Series 1000 Value Index Fund 5,274,288 752,533 212,761 -- (695) 256,128 6,069,493 
Fidelity Series All-Sector Equity Fund 18,447,051 2,403,566 1,153,718 -- 14,571 1,490,784 21,202,254 
Fidelity Series Canada Fund -- 4,313,168 761 -- -- 151,059 4,463,466 
Fidelity Series Commodity Strategy Fund 6,879,499 2,875,277 306,722 14,239 (2,403) (11,996) 9,433,655 
Fidelity Series Emerging Markets Debt Fund 2,792,749 417,793 99,386 90,637 849 64,747 3,176,752 
Fidelity Series Emerging Markets Fund 40,375,881 5,129,072 6,244,456 -- 361,885 6,052,814 45,675,196 
Fidelity Series Floating Rate High Income Fund 973,225 159,845 41,415 23,529 (53) (3,274) 1,088,328 
Fidelity Series Government Money Market Fund 1.09% 2,842,030 1,312,505 133,088 16,281 -- -- 4,021,447 
Fidelity Series High Income Fund 6,105,377 997,280 248,465 179,517 454 93,806 6,948,452 
Fidelity Series Inflation-Protected Bond Index Fund 3,297,517 438,148 132,512 2,009 439 6,195 3,609,787 
Fidelity Series International Credit Fund -- 227,132 -- -- -- 1,136 228,268 
Fidelity Series International Growth Fund 38,016,091 5,143,866 4,155,641 -- 118,245 5,142,592 44,265,153 
Fidelity Series International Small Cap Fund 8,686,160 1,213,350 736,114 -- 30,727 1,459,908 10,654,031 
Fidelity Series International Value Fund 38,115,728 5,683,676 3,905,251 -- 114,175 4,244,264 44,252,592 
Fidelity Series Investment Grade Bond Fund 1,899,804 482,696 132,196 26,415 450 26,020 2,276,774 
Fidelity Series Long-Term Treasury Bond Index Fund 1,306 7,975,248 158,553 33,077 (1,412) (36,232) 7,780,357 
Fidelity Series Real Estate Equity Fund 3,142,917 534,427 125,503 28,126 1,431 (28,704) 3,524,568 
Fidelity Series Real Estate Income Fund 1,908,595 323,916 78,030 51,624 514 10,771 2,165,766 
Fidelity Series Small Cap Opportunities Fund 15,931,253 3,555,103 639,477 34,073 (4,431) (265,810) 18,576,638 
Total $402,719,924 $91,099,752 $49,235,882 $1,083,477 $1,586,050 $33,375,636 $479,545,480 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $412,309,496) — See accompanying schedule  $479,545,480 
Receivable for investments sold  8,662 
Receivable for fund shares sold  1,944,612 
Total assets  481,498,754 
Liabilities   
Payable for investments purchased $158,319  
Payable for fund shares redeemed 1,795,008  
Accrued management fee 291,919  
Distribution and service plan fees payable 76,114  
Total liabilities  2,321,360 
Net Assets  $479,177,394 
Net Assets consist of:   
Paid in capital  $410,462,004 
Accumulated net investment loss  (477,396) 
Accumulated undistributed net realized gain (loss) on investments  1,956,802 
Net unrealized appreciation (depreciation) on investments  67,235,984 
Net Assets  $479,177,394 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($198,321,471 ÷ 15,117,791 shares)  $13.12 
Maximum offering price per share (100/94.25 of $13.12)  $13.92 
Class M:   
Net Asset Value and redemption price per share ($66,803,259 ÷ 5,116,699 shares)  $13.06 
Maximum offering price per share (100/96.50 of $13.06)  $13.53 
Class C:   
Net Asset Value and offering price per share ($9,967,970 ÷ 767,256 shares)(a)  $12.99 
Class I:   
Net Asset Value, offering price and redemption price per share ($203,075,160 ÷ 15,408,722 shares)  $13.18 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,009,534 ÷ 76,560 shares)  $13.19 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,083,477 
Expenses   
Management fee $1,127,847  
Distribution and service plan fees 433,014  
Independent trustees' fees and expenses 781  
Total expenses before reductions 1,561,642  
Expense reductions (264) 1,561,378 
Net investment income (loss)  (477,901) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 1,586,050  
Capital gain distributions from underlying funds 2,826,676  
Total net realized gain (loss)  4,412,726 
Change in net unrealized appreciation (depreciation) on underlying funds  33,375,636 
Net gain (loss)  37,788,362 
Net increase (decrease) in net assets resulting from operations  $37,310,461 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(477,901) $4,545,316 
Net realized gain (loss) 4,412,726 5,298,677 
Change in net unrealized appreciation (depreciation) 33,375,636 41,715,023 
Net increase (decrease) in net assets resulting from operations 37,310,461 51,559,016 
Distributions to shareholders from net investment income (14,088) (4,567,082) 
Distributions to shareholders from net realized gain (4,661,846) (9,571,484) 
Total distributions (4,675,934) (14,138,566) 
Share transactions - net increase (decrease) 43,889,526 67,699,971 
Total increase (decrease) in net assets 76,524,053 105,120,421 
Net Assets   
Beginning of period 402,653,341 297,532,920 
End of period $479,177,394 $402,653,341 
Other Information   
Undistributed net investment income end of period $– $14,593 
Accumulated net investment loss end of period $(477,396) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2055 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.19 $11.02 $11.92 $11.71 $10.56 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.02) .14 .15 .16 .12 .18 
Net realized and unrealized gain (loss) 1.09 1.51 (.59) .62 1.49 .83 
Total from investment operations 1.07 1.65 (.44) .78 1.61 1.01 
Distributions from net investment income – (.14) (.14) (.15) (.11) (.13) 
Distributions from net realized gain (.14) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.14) (.48) (.46)B (.57) (.46)C (.20) 
Net asset value, end of period $13.12 $12.19 $11.02 $11.92 $11.71 $10.56 
Total ReturnD,E,F 8.81% 15.49% (3.89)% 6.85% 15.45% 10.51% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .76%I .25% .25% .25% .25% .25% 
Expenses net of fee waivers, if any .76%I .25% .25% .25% .25% .25% 
Expenses net of all reductions .76%I .25% .25% .25% .25% .25% 
Net investment income (loss) (.27)%I 1.24% 1.31% 1.39% 1.11% 1.82% 
Supplemental Data       
Net assets, end of period (000 omitted) $198,321 $170,352 $130,309 $115,666 $81,217 $32,476 
Portfolio turnover rateH 22%I 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.46 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.314 per share.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.355 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.14 $10.98 $11.88 $11.68 $10.55 $9.75 
Income from Investment Operations       
Net investment income (loss)A (.03) .11 .12 .13 .10 .16 
Net realized and unrealized gain (loss) 1.08 1.51 (.59) .62 1.47 .82 
Total from investment operations 1.05 1.62 (.47) .75 1.57 .98 
Distributions from net investment income – (.12) (.12) (.13) (.09) (.11) 
Distributions from net realized gain (.13) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.13) (.46) (.43) (.55) (.44)B (.18) 
Net asset value, end of period $13.06 $12.14 $10.98 $11.88 $11.68 $10.55 
Total ReturnC,D,E 8.69% 15.27% (4.11)% 6.55% 15.07% 10.24% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.01%H .50% .50% .50% .50% .50% 
Expenses net of fee waivers, if any 1.01%H .50% .50% .50% .50% .50% 
Expenses net of all reductions 1.01%H .50% .50% .50% .50% .50% 
Net investment income (loss) (.52)%H .99% 1.06% 1.14% .86% 1.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $66,803 $58,052 $41,956 $33,436 $19,134 $7,239 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.44 per share is comprised of distributions from net investment income of $.086 and distributions from net realized gain of $.355 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.11 $10.98 $11.88 $11.69 $10.57 $9.74 
Income from Investment Operations       
Net investment income (loss)A (.06) .06 .06 .08 .04 .10 
Net realized and unrealized gain (loss) 1.07 1.49 (.58) .61 1.47 .83 
Total from investment operations 1.01 1.55 (.52) .69 1.51 .93 
Distributions from net investment income – (.08) (.08) (.09) (.05) (.03) 
Distributions from net realized gain (.13) (.34) (.30) (.41) (.35) (.07) 
Total distributions (.13) (.42) (.38) (.50) (.39)B (.10) 
Net asset value, end of period $12.99 $12.11 $10.98 $11.88 $11.69 $10.57 
Total ReturnC,D,E 8.38% 14.62% (4.53)% 6.01% 14.46% 9.69% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.51%H 1.00% 1.00% 1.00% 1.00% 1.00% 
Net investment income (loss) (1.02)%H .49% .56% .65% .36% 1.07% 
Supplemental Data       
Net assets, end of period (000 omitted) $9,968 $8,529 $5,671 $4,180 $2,491 $1,094 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.39 per share is comprised of distributions from net investment income of $.048 and distributions from net realized gain of $.345 per share.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.24 $11.06 $11.96 $11.74 $10.59 $9.76 
Income from Investment Operations       
Net investment income (loss)A B .17 .18 .19 .15 .21 
Net realized and unrealized gain (loss) 1.08 1.51 (.60) .63 1.48 .83 
Total from investment operations 1.08 1.68 (.42) .82 1.63 1.04 
Distributions from net investment income B (.16) (.17) (.18) (.13) (.14) 
Distributions from net realized gain (.14) (.34) (.31) (.42) (.36) (.07) 
Total distributions (.14) (.50) (.48) (.60) (.48)C (.21) 
Net asset value, end of period $13.18 $12.24 $11.06 $11.96 $11.74 $10.59 
Total ReturnD,E 8.92% 15.81% (3.64)% 7.15% 15.61% 10.84% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) (.02)%H 1.49% 1.56% 1.64% 1.36% 2.07% 
Supplemental Data       
Net assets, end of period (000 omitted) $203,075 $165,720 $119,597 $87,769 $54,490 $18,438 
Portfolio turnover rateG 22%H 24% 24% 29% 43% 29% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.48 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.355 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized

 I Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.63 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .44 
Total from investment operations .56 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.19 
Total ReturnC,D 4.43% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 3.05%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,010 
Portfolio turnover rateE 22%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Advisor Series Growth & Income Fund 11.9 8.1 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7.6 7.8 
Fidelity Advisor Series Equity Value Fund 7.5 11.7 
Fidelity Advisor Series Equity Growth Fund 6.4 6.6 
Fidelity Advisor Series Opportunistic Insights Fund 5.9 6.1 
Fidelity Series All-Sector Equity Fund 4.4 4.6 
Fidelity Advisor Series Growth Opportunities Fund 4.1 4.4 
 75.8 78.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities) * (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.8% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 0.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Advisor Freedom® 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 307,605 $4,484,883 
Fidelity Advisor Series Equity Value Fund (a) 389,248 5,219,812 
Fidelity Advisor Series Growth & Income Fund (a) 553,373 8,289,530 
Fidelity Advisor Series Growth Opportunities Fund (a) 220,476 2,894,848 
Fidelity Advisor Series Opportunistic Insights Fund (a) 222,409 4,121,244 
Fidelity Advisor Series Small Cap Fund (a) 183,207 2,253,442 
Fidelity Advisor Series Stock Selector Large Cap Value Fund (a) 397,251 5,350,975 
Fidelity Series 100 Index Fund (a) 139,070 2,304,392 
Fidelity Series 1000 Value Index Fund (a) 70,571 886,366 
Fidelity Series All-Sector Equity Fund (a) 231,527 3,095,515 
Fidelity Series Commodity Strategy Fund (a) 263,371 1,377,431 
Fidelity Series Real Estate Equity Fund (a) 39,848 514,442 
Fidelity Series Small Cap Opportunities Fund (a) 194,197 2,714,874 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $39,287,350)  43,507,754 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 61,227 651,452 
Fidelity Series Emerging Markets Fund (a) 323,435 6,662,769 
Fidelity Series International Growth Fund (a) 406,119 6,453,237 
Fidelity Series International Small Cap Fund (a) 87,015 1,558,439 
Fidelity Series International Value Fund (a) 599,627 6,457,987 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $18,744,701)  21,783,884 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 41,562 434,741 
Fidelity Series Floating Rate High Income Fund (a) 17,458 165,675 
Fidelity Series High Income Fund (a) 104,603 1,019,882 
Fidelity Series Inflation-Protected Bond Index Fund (a) 53,682 530,913 
Fidelity Series International Credit Fund (a) 3,023 30,377 
Fidelity Series Investment Grade Bond Fund (a) 29,468 333,287 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 128,806 1,132,202 
Fidelity Series Real Estate Income Fund (a) 28,386 317,072 
TOTAL BOND FUNDS   
(Cost $3,885,022)  3,964,149 
Short-Term Funds - 1.1%   
Fidelity Advisor Series Short-Term Credit Fund (a) 15,613 156,129 
Fidelity Series Government Money Market Fund 1.09% (a)(b) 585,672 585,672 
TOTAL SHORT-TERM FUNDS   
(Cost $741,590)  741,801 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $62,658,663)  69,997,588 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (52,803) 
NET ASSETS - 100%  $69,944,785 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $2,883,602 $1,410,071 $322,529 $-- $(1,642) $515,381 $4,484,883 
Fidelity Advisor Series Equity Value Fund 5,120,357 1,967,240 1,990,761(a) 50,816 23,781 99,195 5,219,812 
Fidelity Advisor Series Growth & Income Fund 3,548,790 4,672,371(a) 120,904 21,382 (2,475) 191,748 8,289,530 
Fidelity Advisor Series Growth Opportunities Fund 1,900,912 914,695 216,663 -- 2,582 293,322 2,894,848 
Fidelity Advisor Series Opportunistic Insights Fund 2,656,409 1,317,816 263,557 -- (215) 410,791 4,121,244 
Fidelity Advisor Series Short-Term Credit Fund 94,907 63,958 2,920 1,026 181 156,129 
Fidelity Advisor Series Small Cap Fund 1,426,823 711,541 38,978 -- 196 153,860 2,253,442 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 3,400,620 1,830,274 79,711 -- 2,998 196,794 5,350,975 
Fidelity Series 100 Index Fund 1,471,465 730,977 38,437 -- (31) 140,418 2,304,392 
Fidelity Series 1000 Value Index Fund 570,779 293,854 13,270 -- (78) 35,081 886,366 
Fidelity Series All-Sector Equity Fund 1,995,788 991,469 85,063 -- 1,034 192,287 3,095,515 
Fidelity Series Canada Fund -- 630,165 54 -- -- 21,341 651,452 
Fidelity Series Commodity Strategy Fund 784,071 612,121 20,661 2,042 (207) 2,107 1,377,431 
Fidelity Series Emerging Markets Debt Fund 287,447 145,850 6,257 10,996 86 7,615 434,741 
Fidelity Series Emerging Markets Fund 4,363,146 2,115,826 628,817 -- 12,431 800,183 6,662,769 
Fidelity Series Floating Rate High Income Fund 109,403 59,350 2,607 3,160 (475) 165,675 
Fidelity Series Government Money Market Fund 1.09% 292,135 302,012 8,475 2,096 -- -- 585,672 
Fidelity Series High Income Fund 663,148 360,313 15,643 23,171 12,055 1,019,882 
Fidelity Series Inflation-Protected Bond Index Fund 358,487 180,077 8,343 271 42 650 530,913 
Fidelity Series International Credit Fund -- 30,226 -- -- -- 151 30,377 
Fidelity Series International Growth Fund 4,113,503 2,106,389 413,204 -- 9,290 637,259 6,453,237 
Fidelity Series International Small Cap Fund 939,884 493,708 60,043 -- 2,787 182,103 1,558,439 
Fidelity Series International Value Fund 4,124,240 2,183,120 403,416 -- 11,029 543,014 6,457,987 
Fidelity Series Investment Grade Bond Fund 202,814 144,635 17,192 3,416 (4) 3,034 333,287 
Fidelity Series Long-Term Treasury Bond Index Fund 177 1,147,104 9,345 4,502 (54) (5,680) 1,132,202 
Fidelity Series Real Estate Equity Fund 340,128 187,454 7,834 3,784 (237) (5,069) 514,442 
Fidelity Series Real Estate Income Fund 206,491 114,801 4,901 6,909 81 600 317,072 
Fidelity Series Small Cap Opportunities Fund 1,724,001 1,068,861 39,908 4,892 (609) (37,471) 2,714,874 
Total $43,579,527 $26,786,278 $4,819,493 $138,463 $60,801 $4,390,475 $69,997,588 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $62,658,663) — See accompanying schedule  $69,997,588 
Cash  13 
Receivable for investments sold  208 
Receivable for fund shares sold  396,481 
Total assets  70,394,290 
Liabilities   
Payable for investments purchased $250,387  
Payable for fund shares redeemed 146,308  
Accrued management fee 41,728  
Distribution and service plan fees payable 11,082  
Total liabilities  449,505 
Net Assets  $69,944,785 
Net Assets consist of:   
Paid in capital  $62,555,350 
Accumulated net investment loss  (70,506) 
Accumulated undistributed net realized gain (loss) on investments  121,016 
Net unrealized appreciation (depreciation) on investments  7,338,925 
Net Assets  $69,944,785 
Calculation of Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($29,399,828 ÷ 2,533,865 shares)  $11.60 
Maximum offering price per share (100/94.25 of $11.60)  $12.31 
Class M:   
Net Asset Value and redemption price per share ($9,581,346 ÷ 826,321 shares)  $11.60 
Maximum offering price per share (100/96.50 of $11.60)  $12.02 
Class C:   
Net Asset Value and offering price per share ($1,654,702 ÷ 142,452 shares)(a)  $11.62 
Class I:   
Net Asset Value, offering price and redemption price per share ($28,973,917 ÷ 2,488,096 shares)  $11.65 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($334,992 ÷ 28,751 shares)  $11.65 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.


See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $138,463 
Expenses   
Management fee $151,799  
Distribution and service plan fees 56,281  
Independent trustees' fees and expenses 95  
Total expenses before reductions 208,175  
Expense reductions (29) 208,146 
Net investment income (loss)  (69,683) 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 60,801  
Capital gain distributions from underlying funds 395,481  
Total net realized gain (loss)  456,282 
Change in net unrealized appreciation (depreciation) on underlying funds  4,390,475 
Net gain (loss)  4,846,757 
Net increase (decrease) in net assets resulting from operations  $4,777,074 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(69,683) $374,796 
Net realized gain (loss) 456,282 652,819 
Change in net unrealized appreciation (depreciation) 4,390,475 3,248,213 
Net increase (decrease) in net assets resulting from operations 4,777,074 4,275,828 
Distributions to shareholders from net investment income (1,886) (374,733) 
Distributions to shareholders from net realized gain (455,069) (451,681) 
Total distributions (456,955) (826,414) 
Share transactions - net increase (decrease) 22,052,252 20,738,778 
Total increase (decrease) in net assets 26,372,371 24,188,192 
Net Assets   
Beginning of period 43,572,414 19,384,222 
End of period $69,944,785 $43,572,414 
Other Information   
Undistributed net investment income end of period $– $1,063 
Accumulated net investment loss end of period $(70,506) $– 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Advisor Freedom 2060 Fund Class A

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.76 $9.62 $10.34 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.02) .13 .12 .15 
Net realized and unrealized gain (loss) .96 1.33 (.51) .37 
Total from investment operations .94 1.46 (.39) .52 
Distributions from net investment income – (.12) (.11) (.10) 
Distributions from net realized gain (.10) (.20) (.22) (.08) 
Total distributions (.10) (.32) (.33) (.18) 
Net asset value, end of period $11.60 $10.76 $9.62 $10.34 
Total ReturnC,D,E 8.78% 15.55% (3.89)% 5.24% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .78%H .25% .25% .25%H 
Expenses net of fee waivers, if any .78%H .25% .25% .25%H 
Expenses net of all reductions .78%H .25% .25% .25%H 
Net investment income (loss) (.30)%H 1.30% 1.29% 2.24%H 
Supplemental Data     
Net assets, end of period (000 omitted) $29,400 $18,482 $9,058 $2,267 
Portfolio turnover rateG 17%H 32% 64% 47%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.77 $9.63 $10.33 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.03) .11 .10 .13 
Net realized and unrealized gain (loss) .95 1.33 (.51) .38 
Total from investment operations .92 1.44 (.41) .51 
Distributions from net investment income – (.10) (.08) (.09) 
Distributions from net realized gain (.09) (.20) (.21) (.08) 
Total distributions (.09) (.30) (.29) (.18)C 
Net asset value, end of period $11.60 $10.77 $9.63 $10.33 
Total ReturnD,E,F 8.63% 15.29% (4.09)% 5.07% 
Ratios to Average Net AssetsG,H     
Expenses before reductions 1.03%I .50% .50% .51%I,J 
Expenses net of fee waivers, if any 1.03%I .50% .50% .51%I,J 
Expenses net of all reductions 1.03%I .50% .50% .51%I,J 
Net investment income (loss) (.55)%I 1.05% 1.04% 1.98%I 
Supplemental Data     
Net assets, end of period (000 omitted) $9,581 $5,719 $3,189 $2,062 
Portfolio turnover rateH 17%I 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.094 and distributions from net realized gain of $.081 per share.

 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 Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class C

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.81 $9.68 $10.31 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.06) .06 .05 .10 
Net realized and unrealized gain (loss) .96 1.33 (.51) .38 
Total from investment operations .90 1.39 (.46) .48 
Distributions from net investment income – (.06) – (.08) 
Distributions from net realized gain (.09) (.20) (.17) (.08) 
Total distributions (.09) (.26) (.17) (.17)C 
Net asset value, end of period $11.62 $10.81 $9.68 $10.31 
Total ReturnD,E,F 8.41% 14.65% (4.60)% 4.77% 
Ratios to Average Net AssetsG,H     
Expenses before reductions 1.53%I 1.00% .99%J 1.02%I,J 
Expenses net of fee waivers, if any 1.53%I 1.00% .99%J 1.02%I,J 
Expenses net of all reductions 1.53%I 1.00% .99%J 1.02%I,J 
Net investment income (loss) (1.05)%I .55% .55% 1.47%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,655 $1,209 $1,292 $1,322 
Portfolio turnover rateH 17%I 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.081 per share.

 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 Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of the Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class I

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.80 $9.65 $10.35 $10.00 
Income from Investment Operations     
Net investment income (loss)B C .16 .15 .17 
Net realized and unrealized gain (loss) .96 1.33 (.50) .37 
Total from investment operations .96 1.49 (.35) .54 
Distributions from net investment income C (.13) (.12) (.10) 
Distributions from net realized gain (.10) (.20) (.23) (.08) 
Total distributions (.11)D (.34)E (.35) (.19)F 
Net asset value, end of period $11.65 $10.80 $9.65 $10.35 
Total ReturnG,H 8.90% 15.82% (3.54)% 5.38% 
Ratios to Average Net AssetsI,J     
Expenses before reductions .53%K - %L - %L - %K,L 
Expenses net of fee waivers, if any .53%K -% -% - %K 
Expenses net of all reductions .53%K -% -% - %K 
Net investment income (loss) (.05)%K 1.55% 1.54% 2.49%K 
Supplemental Data     
Net assets, end of period (000 omitted) $28,974 $18,162 $5,845 $399 
Portfolio turnover rateJ 17%K 32% 64% 47%K 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.11 per share is comprised of distributions from net investment income of $.001 and distributions from net realized gain of $.104 per share.

 E Total distributions of $.34 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.204 per share.

 F Total distributions of $.19 per share is comprised of distributions from net investment income of $.104 and distributions from net realized gain of $.081 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 J Amounts do not include the activity of the Underlying Funds.

 K Annualized

 L Amount represents less than .005%.


See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class Z6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.16 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .40 
Total from investment operations .49 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.65 
Total ReturnC,D 4.39% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 2.53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $335 
Portfolio turnover rateE 17%G 

 A For the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

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 and Fidelity Advisor Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. Each Fund offers Class A, Class M, Class C, Class I and Class Z6 shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund commenced sale of Class Z6 shares on June 6, 2017. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Advisor Series Equity-Income Fund to Fidelity Advisor Series Equity Value Fund.

After the close of business on June 24, 2016, each Fund's outstanding Class B shares were converted to Class A shares. Each Fund's prior fiscal period dollar and share amounts for Class B presented in the Notes to Financial Statements are for the period April 1, 2016 through June 24, 2016.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Advisor Freedom Income $199,014,117 $18,735,106 $(1,363,543) $17,371,563 
Advisor Freedom 2005 186,416,969 23,335,389 (1,191,178) 22,144,211 
Advisor Freedom 2010 437,161,295 66,897,658 (2,609,846) 64,287,812 
Advisor Freedom 2015 995,402,817 191,364,638 (6,332,882) 185,031,756 
Advisor Freedom 2020 2,143,460,328 425,149,241 (15,448,505) 409,700,736 
Advisor Freedom 2025 2,486,435,922 529,798,966 (20,132,528) 509,666,438 
Advisor Freedom 2030 2,350,193,308 590,304,529 (13,164,173) 577,140,356 
Advisor Freedom 2035 1,814,438,248 515,469,889 (9,382,468) 506,087,421 
Advisor Freedom 2040 1,641,597,374 475,960,034 (8,153,685) 467,806,349 
Advisor Freedom 2045 1,020,425,863 271,107,859 (4,898,802) 266,209,057 
Advisor Freedom 2050 807,130,165 211,480,309 (3,748,916) 207,731,393 
Advisor Freedom 2055 414,079,507 67,148,610 (1,682,637) 65,465,973 
Advisor Freedom 2060 62,950,224 7,192,624 (145,260) 7,047,364 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the underlying fund shares and in-kind transactions are noted in the table below.

 Purchases ($) Redemptions ($) 
Advisor Freedom Income 20,843,594 33,703,073 
Advisor Freedom 2005 20,199,707 30,120,733 
Advisor Freedom 2010 46,804,864 75,935,004 
Advisor Freedom 2015 104,954,606 198,298,510 
Advisor Freedom 2020 228,273,175 376,030,889 
Advisor Freedom 2025 311,930,304 396,034,636 
Advisor Freedom 2030 338,067,757 439,625,968 
Advisor Freedom 2035 270,264,022 333,637,452 
Advisor Freedom 2040 236,236,270 311,401,642 
Advisor Freedom 2045 165,145,267 167,892,308 
Advisor Freedom 2050 139,374,373 131,523,742 
Advisor Freedom 2055 91,099,752 49,235,882 
Advisor Freedom 2060 26,786,278 4,819,493 

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Effective June 1, 2017, under the management contract approved by the Board of Trustees (the Board) and shareholders, FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees.

For the period June 1, 2017 (June 6, 2017 for Class Z6) through September 30, 2017, the total annual management fee rate for each Class of each Fund was as follows:

  Annual % of Class-Level Average Net Assets
(Classes A, M, C, I) 
Annual % of Class-Level Average Net Assets
(Class Z6) 
Advisor Freedom Income .465% .415% 
Advisor Freedom 2005 .491% .435% 
Advisor Freedom 2010 .533% .468% 
Advisor Freedom 2015 .576% .503% 
Advisor Freedom 2020 .618% .538% 
Advisor Freedom 2025 .661% .573% 
Advisor Freedom 2030 .703% .608% 
Advisor Freedom 2035 .746% .643% 
Advisor Freedom 2040 .746% .643% 
Advisor Freedom 2045 .746% .643% 
Advisor Freedom 2050 .746% .643% 
Advisor Freedom 2055 .746% .643% 
Advisor Freedom 2060 .746% .643% 

Effective June 6, 2017, under the expense contract approved by the Board, the investment adviser pays class-level expenses for Class Z6 of each Fund as necessary so that Class Z6 total expenses do not exceed certain amounts of Class Z6 average net assets on an annual basis with certain exceptions, as noted in the following table:

  Annual % of Class-Level Average Net Assets
(Class Z6) 
Advisor Freedom Income .365% 
Advisor Freedom 2005 .377% 
Advisor Freedom 2010 .396% 
Advisor Freedom 2015 .415% 
Advisor Freedom 2020 .435% 
Advisor Freedom 2025 .454% 
Advisor Freedom 2030 .474% 
Advisor Freedom 2035 .493% 
Advisor Freedom 2040 .493% 
Advisor Freedom 2045 .493% 
Advisor Freedom 2050 .493% 
Advisor Freedom 2055 .493% 
Advisor Freedom 2060 .493% 

In addition, the Board and shareholders of each Underlying Fund approved a new management contract, effective June 1, 2017. Under the management contract, each Underlying Fund no longer pays a management fee, and most of each Underlying Fund's ordinary operating expenses are borne by the investment adviser.

Prior to June 1, 2017, the investment adviser provided the Funds with investment management related services. The Funds did not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding distribution and service plan fees, compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, each Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of each Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

 Distribution
Fee 
Service
Fee 
Total Fees Retained
by FDC 
Advisor Freedom Income     
Class A -% .25% $105,230 $3,440 
Class M .25% .25% 96,118 – 
Class C .75% .25% 71,383 5,158 
   $272,731 $8,598 
Advisor Freedom 2005     
Class A -% .25% $146,388 $7,355 
Class M .25% .25% 68,221 374 
Class C .75% .25% 28,225 913 
   $242,834 $8,642 
Advisor Freedom 2010     
Class A -% .25% $325,281 $15,630 
Class M .25% .25% 205,650 2,354 
Class C .75% .25% 143,980 4,036 
   $674,911 $22,020 
Advisor Freedom 2015     
Class A -% .25% $789,140 $42,030 
Class M .25% .25% 446,846 1,937 
Class C .75% .25% 308,411 16,093 
   $1,544,397 $60,060 
Advisor Freedom 2020     
Class A -% .25% $1,623,819 $72,406 
Class M .25% .25% 989,404 6,205 
Class C .75% .25% 512,259 35,811 
   $3,125,482 $114,422 
Advisor Freedom 2025     
Class A -% .25% $1,875,870 $87,671 
Class M .25% .25% 1,077,226 4,283 
Class C .75% .25% 502,677 49,158 
   $3,455,773 $141,112 
Advisor Freedom 2030     
Class A -% .25% $1,772,980 $84,401 
Class M .25% .25% 1,123,778 – 
Class C .75% .25% 479,889 48,405 
   $3,376,647 $132,806 
Advisor Freedom 2035     
Class A -% .25% $1,403,289 $63,178 
Class M .25% .25% 865,112 4,149 
Class C .75% .25% 318,564 36,846 
   $2,586,965 $104,173 
Advisor Freedom 2040     
Class A -% .25% $1,211,991 $50,686 
Class M .25% .25% 830,388 983 
Class C .75% .25% 412,224 37,515 
   $2,454,603 $89,184 
Advisor Freedom 2045     
Class A -% .25% $707,635 $40,674 
Class M .25% .25% 486,328 1,695 
Class C .75% .25% 142,685 23,248 
   $1,336,648 $65,617 
Advisor Freedom 2050     
Class A -% .25% $508,295 $22,715 
Class M .25% .25% 384,018 397 
Class C .75% .25% 148,375 20,701 
   $1,040,688 $43,813 
Advisor Freedom 2055     
Class A -% .25% $230,705 $9,532 
Class M .25% .25% 156,010 144 
Class C .75% .25% 46,299 12,692 
   $433,014 $22,368 
Advisor Freedom 2060     
Class A -% .25% $29,853 $15,683 
Class M .25% .25% 19,112 145 
Class C .75% .25% 7,316 3,621 
   $56,281 $19,449 

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class M shares, some of which is paid to financial intermediaries for selling shares of each Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.

For the period, sales charge amounts retained by FDC were as follows:

 Retained
by FDC 
Advisor Freedom Income  
Class A $4,790 
Class M 553 
Class C(a) 801 
 $6,144 
Advisor Freedom 2005  
Class A $587 
Class C(a) 268 
 $855 
Advisor Freedom 2010  
Class A $4,441 
Class M 365 
Class C(a) 481 
 $5,287 
Advisor Freedom 2015  
Class A $6,623 
Class M 2,108 
Class C(a) 2,014 
 $10,745 
Advisor Freedom 2020  
Class A $16,239 
Class M 3,299 
Class C(a) 5,947 
 $25,485 
Advisor Freedom 2025  
Class A $25,492 
Class M 7,519 
Class C(a) 3,682 
 $36,693 
Advisor Freedom 2030  
Class A $24,018 
Class M 3,751 
Class C(a) 5,936 
 $33,705 
Advisor Freedom 2035  
Class A $18,068 
Class M 3,143 
Class C(a) 3,392 
 $24,603 
Advisor Freedom 2040  
Class A $16,643 
Class M 2,144 
Class C(a) 5,722 
 $24,509 
Advisor Freedom 2045  
Class A $13,783 
Class M 3,646 
Class C(a) 4,569 
 $21,998 
Advisor Freedom 2050  
Class A $11,553 
Class M 1,378 
Class C(a) 2,802 
 $15,733 
Advisor Freedom 2055  
Class A $5,207 
Class M 1,673 
Class C(a) 1,720 
 $8,600 
Advisor Freedom 2060  
Class A $579 
Class M 1,126 
Class C(a) 335 
 $2,040 

 (a) When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.


Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Advisor Series Equity Value Fund ("selected Underlying Fund") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Advisor Series Growth & Income Fund which is an affiliated investment company managed by FMR. Net realized gain (loss) on the redemptions of the selected Underlying Fund in connection with the reallocation is included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the related net gain (loss) for the Funds are presented in the accompanying table:

 Value of Investments and Cash reallocated Net realized Gain (Loss) on redemptions of selected Underlying Funds 
Advisor Freedom Income $1,835,460 $ 263,976 
Advisor Freedom 2005 2,600,106 473,487 
Advisor Freedom 2010 8,110,167 1,996,669 
Advisor Freedom 2015 23,603,334 4,562,791 
Advisor Freedom 2020 57,172,267 5,489,085 
Advisor Freedom 2025 73,263,952 6,487,561 
Advisor Freedom 2030 87,711,735 7,386,714 
Advisor Freedom 2035 79,733,333 5,964,782 
Advisor Freedom 2040 74,045,368 5,798,888 
Advisor Freedom 2045 44,156,583 3,196,466 
Advisor Freedom 2050 34,515,108 2,535,731 
Advisor Freedom 2055 15,452,315 540,986 
Advisor Freedom 2060 1,885,573 23,858 

5. Expense Reductions.

Prior to June 1, 2017, FMR voluntarily agreed to reimburse funds to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, were excluded from this reimbursement. Effective June 1, 2017, these voluntary reimbursements were discontinued.

The following classes of each applicable Fund were in reimbursement during the period:

 Expense
Limitations 
Reimbursement 
Advisor Freedom Income   
Class A .25% $56 
Class M .50% 26 
Class C 1.00% 
Class I -% 55 
Advisor Freedom 2005   
Class A .25% $77 
Class M .50% 18 
Class C 1.00% 
Class I -% 39 
Advisor Freedom 2010   
Class A .25% $173 
Class M .50% 54 
Class C 1.00% 19 
Class I -% 88 
Advisor Freedom 2015   
Class A .25% $420 
Class M .50% 119 
Class C 1.00% 41 
Class I -% 215 
Advisor Freedom 2020   
Class A .25% $852 
Class M .50% 260 
Class C 1.00% 67 
Class I -% 499 
Advisor Freedom 2025   
Class A .25% $968 
Class M .50% 278 
Class C 1.00% 65 
Class I -% 594 
Advisor Freedom 2030   
Class A .25% $912 
Class M .50% 289 
Class C 1.00% 62 
Class I -% 593 
Advisor Freedom 2035   
Class A .25% $716 
Class M .50% 221 
Class C 1.00% 41 
Class I -% 470 
Advisor Freedom 2040   
Class A .25% $621 
Class M .50% 213 
Class C 1.00% 53 
Class I -% 439 
Advisor Freedom 2045   
Class A .25% $356 
Class M .50% 123 
Class C 1.00% 18 
Class I -% 285 
Advisor Freedom 2050   
Class A .25% $255 
Class M .50% 96 
Class C 1.00% 19 
Class I -% 240 
Advisor Freedom 2055   
Class A .25% $110 
Class M .50% 37 
Class C 1.00% 
Class I -% 111 
Advisor Freedom 2060   
Class A .25% $12 
Class M .50% 
Class C 1.00% 
Class I -% 12 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended September 30, 2017(a) Year ended March 31, 2017 
Advisor Freedom Income   
From net investment income   
Class A $381,293 $1,396,856 
Class M 125,928 493,459 
Class B – 527 
Class C 9,161 113,110 
Class I 472,822 1,403,708 
Class Z6 1,038 – 
Total $990,242 $3,407,660 
From net realized gain   
Class A $595,398 $1,266,025 
Class M 269,209 548,704 
Class B – 4,869 
Class C 100,171 195,946 
Class I 590,715 1,092,131 
Total $1,555,493 $3,107,675 
Advisor Freedom 2005   
From net investment income   
Class A $245,737 $1,973,197 
Class M 38,569 385,893 
Class B – 184 
Class C – 51,825 
Class I 163,440 1,130,500 
Total $447,746 $3,541,599 
From net realized gain   
Class A $1,326,977 $2,829,723 
Class M 306,284 631,717 
Class B – 4,475 
Class C 64,155 134,120 
Class I 668,617 1,345,351 
Total $2,366,033 $4,945,386 
Advisor Freedom 2010   
From net investment income   
Class A $568,011 $4,477,860 
Class M 126,073 1,130,843 
Class B – 85 
Class C 9,459 252,508 
Class I 377,328 2,427,938 
Total $1,080,871 $8,289,234 
From net realized gain   
Class A $4,375,788 $9,091,246 
Class M 1,380,168 2,666,131 
Class B – 18,204 
Class C 491,873 905,318 
Class I 2,180,115 4,087,540 
Total $8,427,944 $16,768,439 
Advisor Freedom 2015   
From net investment income   
Class A $1,273,003 $10,387,191 
Class M 243,229 2,380,290 
Class C 9,867 497,030 
Class I 841,023 5,952,820 
Total $2,367,122 $19,217,331 
From net realized gain   
Class A $11,660,616 $21,478,534 
Class M 3,276,438 5,718,301 
Class B – 56,551 
Class C 1,129,734 1,897,955 
Class I 5,836,184 10,594,742 
Total $21,902,972 $39,746,083 
Advisor Freedom 2020   
From net investment income   
Class A $2,229,625 $19,983,983 
Class M 441,116 4,842,366 
Class C – 767,338 
Class I 1,780,403 12,773,120 
Total $4,451,144 $38,366,807 
From net realized gain   
Class A $20,066,608 $40,296,263 
Class M 6,087,334 11,312,600 
Class B – 157,930 
Class C 1,578,175 2,955,952 
Class I 11,516,970 21,844,567 
Total $39,249,087 $76,567,312 
Advisor Freedom 2025   
From net investment income   
Class A $2,146,289 $21,470,705 
Class M 352,858 4,782,696 
Class C – 732,090 
Class I 1,804,797 14,353,988 
Total $4,303,944 $41,339,479 
From net realized gain   
Class A $21,349,940 $45,815,189 
Class M 6,062,537 12,169,386 
Class B – 136,189 
Class C 1,378,301 2,834,506 
Class I 12,633,567 26,349,771 
Total $41,424,345 $87,305,041 
Advisor Freedom 2030   
From net investment income   
Class A $890,655 $18,430,435 
Class M 31,582 4,678,224 
Class C – 683,038 
Class I 1,121,920 13,350,800 
Total $2,044,157 $37,142,497 
From net realized gain   
Class A $23,156,998 $47,411,197 
Class M 7,390,002 14,575,332 
Class B – 181,885 
Class C 1,521,577 3,005,327 
Class I 14,584,937 29,678,995 
Total $46,653,514 $94,852,736 
Advisor Freedom 2035   
From net investment income   
Class A $– $13,587,492 
Class M – 3,416,658 
Class C – 426,644 
Class I – 9,563,549 
Total $ - $26,994,343 
From net realized gain   
Class A $18,560,794 $38,475,348 
Class M 5,466,691 10,912,610 
Class B – 135,368 
Class C 1,022,076 1,993,967 
Class I 12,160,499 24,465,797 
Total $37,210,060 $75,983,090 
Advisor Freedom 2040   
From net investment income   
Class A $– $11,910,732 
Class M – 3,348,294 
Class C – 560,185 
Class I – 9,099,703 
Total $– $24,918,914 
From net realized gain   
Class A $15,889,579 $34,090,941 
Class M 5,327,205 11,320,686 
Class B – 170,019 
Class C 1,326,213 2,679,478 
Class I 11,417,156 23,291,076 
Total $33,960,153 $71,552,200 
Advisor Freedom 2045   
From net investment income   
Class A $– $6,743,556 
Class M – 1,906,757 
Class C – 189,014 
Class I – 5,692,571 
Total $– $14,531,898 
From net realized gain   
Class A $8,592,288 $18,452,182 
Class M 2,875,818 5,768,381 
Class B – 39,187 
Class C 419,922 829,711 
Class I 6,905,761 13,952,584 
Total $18,793,789 $39,042,045 
Advisor Freedom 2050   
From net investment income   
Class A $– $4,709,123 
Class M – 1,501,192 
Class C – 192,567 
Class I – 4,786,719 
Total $– $11,189,601 
From net realized gain   
Class A $5,843,566 $12,279,605 
Class M 2,118,981 4,394,815 
Class B – 48,585 
Class C 399,060 839,720 
Class I 5,537,663 11,235,299 
Total $13,899,270 $28,798,024 
Advisor Freedom 2055   
From net investment income   
Class A $– $1,870,569 
Class M – 561,240 
Class C – 55,815 
Class I 14,088 2,079,458 
Total $14,088 $4,567,082 
From net realized gain   
Class A $1,940,250 $4,075,271 
Class M 629,701 1,364,510 
Class C 91,423 180,787 
Class I 2,000,472 3,950,916 
Total $4,661,846 $9,571,484 
Advisor Freedom 2060   
From net investment income   
Class A $– $172,576 
Class M – 37,768 
Class C – 5,349 
Class I 1,886 159,040 
Total $1,886 $374,733 
From net realized gain   
Class A $191,194 $226,072 
Class M 56,458 57,107 
Class C 11,316 18,997 
Class I 196,101 149,505 
Total $455,069 $451,681 

 (a) Amounts for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to September 30, 2017.


7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017 (a) Year ended March 31, 2017 Six months ended September 30, 2017 (a) Year ended March 31, 2017 
Advisor Freedom Income     
Class A     
Shares sold 693,930 2,494,487 $7,689,073 $26,903,908 
Reinvestment of distributions 88,243 246,230 969,134 2,629,753 
Shares redeemed (1,472,947) (4,027,001) (16,290,945) (43,404,632) 
Net increase (decrease) (690,774) (1,286,284) $(7,632,738) $(13,870,971) 
Class M     
Shares sold 570,584 1,069,596 $6,297,677 $11,534,711 
Reinvestment of distributions 35,399 95,143 388,481 1,014,496 
Shares redeemed (722,554) (1,678,273) (7,982,668) (18,101,104) 
Net increase (decrease) (116,571) (513,534) $(1,296,510) $(5,551,897) 
Class B     
Shares sold – 1,191 $– $12,706 
Reinvestment of distributions – 508 – 5,371 
Shares redeemed – (62,185) – (661,437) 
Net increase (decrease) – (60,486) $– $(643,360) 
Class C     
Shares sold 132,464 198,081 $1,465,025 $2,132,123 
Reinvestment of distributions 8,796 25,254 96,200 268,554 
Shares redeemed (204,140) (287,063) (2,254,683) (3,096,537) 
Net increase (decrease) (62,880) (63,728) $(693,458) $(695,860) 
Class I     
Shares sold 1,229,456 2,592,320 $13,648,772 $28,091,075 
Reinvestment of distributions 95,899 231,637 1,057,385 2,482,393 
Shares redeemed (1,566,731) (3,194,359) (17,420,987) (34,573,157) 
Net increase (decrease) (241,376) (370,402) $(2,714,830) $(3,999,689) 
Class Z6     
Shares sold 59,457 – $665,758 $– 
Reinvestment of distributions 93 – 1,038 – 
Shares redeemed (4,387) – (49,306) – 
Net increase (decrease) 55,163 – $617,490 $– 
Advisor Freedom 2005     
Class A     
Shares sold 710,449 2,248,874 $8,537,894 $26,161,114 
Reinvestment of distributions 130,025 414,812 1,540,794 4,716,740 
Shares redeemed (1,362,091) (4,357,389) (16,338,484) (50,652,047) 
Net increase (decrease) (521,617) (1,693,703) $(6,259,796) $(19,774,193) 
Class M     
Shares sold 316,857 674,483 $3,791,961 $7,841,512 
Reinvestment of distributions 28,637 88,172 339,057 1,002,121 
Shares redeemed (389,748) (1,039,759) (4,667,680) (12,094,590) 
Net increase (decrease) (44,254) (277,104) $(536,662) $(3,250,957) 
Class B     
Shares sold – $– $26 
Reinvestment of distributions – 408 – 4,639 
Shares redeemed – (29,514) – (337,993) 
Net increase (decrease) – (29,104) $– $(333,328) 
Class C     
Shares sold 18,891 50,507 $226,605 $586,955 
Reinvestment of distributions 5,060 15,214 59,907 172,750 
Shares redeemed (34,430) (132,932) (412,072) (1,546,152) 
Net increase (decrease) (10,479) (67,211) $(125,560) $(786,447) 
Class I     
Shares sold 591,531 1,711,139 $7,148,628 $20,022,716 
Reinvestment of distributions 69,492 215,242 829,041 2,463,732 
Shares redeemed (797,414) (2,317,228) (9,632,035) (27,091,146) 
Net increase (decrease) (136,391) (390,847) $(1,654,366) $(4,604,698) 
Class Z6     
Shares sold 8,728 – $105,168 $– 
Net increase (decrease) 8,728 – $105,168 $– 
Advisor Freedom 2010     
Class A     
Shares sold 1,693,014 4,202,210 $21,178,701 $50,632,735 
Reinvestment of distributions 395,050 1,136,991 4,867,016 13,390,689 
Shares redeemed (3,327,882) (11,642,884) (41,611,858) (140,759,640) 
Net increase (decrease) (1,239,818) (6,303,683) $(15,566,141) $(76,736,216) 
Class M     
Shares sold 673,529 1,568,969 $8,413,146 $18,878,541 
Reinvestment of distributions 122,196 321,077 1,500,569 3,768,669 
Shares redeemed (1,110,766) (2,892,565) (13,838,718) (34,889,456) 
Net increase (decrease) (315,041) (1,002,519) $(3,925,003) $(12,242,246) 
Class B     
Shares sold – 493 $– $5,909 
Reinvestment of distributions – 1,445 – 16,965 
Shares redeemed – (97,295) – (1,146,600) 
Net increase (decrease) – (95,357) $– $(1,123,726) 
Class C     
Shares sold 51,129 162,229 $631,864 $1,942,907 
Reinvestment of distributions 38,663 92,679 472,070 1,082,047 
Shares redeemed (237,599) (421,870) (2,934,146) (5,021,203) 
Net increase (decrease) (147,807) (166,962) $(1,830,212) $(1,996,249) 
Class I     
Shares sold 1,753,998 2,987,760 $22,040,064 $36,241,094 
Reinvestment of distributions 206,079 549,470 2,549,198 6,498,678 
Shares redeemed (2,098,343) (5,005,652) (26,337,687) (60,609,754) 
Net increase (decrease) (138,266) (1,468,422) $(1,748,425) $(17,869,982) 
Class Z6     
Shares sold 21,185 – $267,412 $– 
Shares redeemed – – – – 
Net increase (decrease) 21,185 – $267,412 $– 
Advisor Freedom 2015     
Class A     
Shares sold 3,699,271 11,192,220 $46,659,253 $134,714,283 
Reinvestment of distributions 1,030,485 2,687,681 12,788,314 31,512,077 
Shares redeemed (9,514,115) (23,911,759) (119,805,415) (287,958,855) 
Net increase (decrease) (4,784,359) (10,031,858) $(60,357,848) $(121,732,495) 
Class M     
Shares sold 1,633,629 3,553,783 $20,579,813 $42,739,339 
Reinvestment of distributions 281,416 680,892 3,486,742 7,971,907 
Shares redeemed (2,548,721) (5,938,688) (32,121,706) (71,417,477) 
Net increase (decrease) (633,676) (1,704,013) $(8,055,151) $(20,706,231) 
Class B     
Shares sold – 289 $– $3,362 
Reinvestment of distributions – 4,552 – 52,894 
Shares redeemed – (268,343) – (3,136,375) 
Net increase (decrease) – (263,502) $– $(3,080,119) 
Class C     
Shares sold 245,296 429,086 $3,061,315 $5,148,246 
Reinvestment of distributions 89,895 198,520 1,107,505 2,308,212 
Shares redeemed (527,835) (1,065,959) (6,606,626) (12,720,124) 
Net increase (decrease) (192,644) (438,353) $(2,437,806) $(5,263,666) 
Class I     
Shares sold 3,950,388 6,719,861 $50,176,514 $81,632,572 
Reinvestment of distributions 531,308 1,388,672 6,646,667 16,411,339 
Shares redeemed (4,979,403) (13,153,332) (63,300,915) (159,964,116) 
Net increase (decrease) (497,707) (5,044,799) $(6,477,734) $(61,920,205) 
Class Z6     
Shares sold 58,108 – $748,361 $– 
Shares redeemed (14) – (182) – 
Net increase (decrease) 58,094 – $748,179 $– 
Advisor Freedom 2020     
Class A     
Shares sold 7,698,385 22,259,083 $104,399,175 $284,697,924 
Reinvestment of distributions 1,644,482 4,781,037 21,953,842 59,403,628 
Shares redeemed (16,256,050) (43,489,286) (220,508,536) (556,732,167) 
Net increase (decrease) (6,913,183) (16,449,166) $(94,155,519) $(212,630,615) 
Class M     
Shares sold 3,237,179 8,239,623 $43,864,120 $105,605,312 
Reinvestment of distributions 482,153 1,282,077 6,436,743 15,926,563 
Shares redeemed (5,420,382) (11,253,403) (73,536,732) (144,187,473) 
Net increase (decrease) (1,701,050) (1,731,703) $(23,235,869) $(22,655,598) 
Class B     
Shares sold – 754 $– $9,263 
Reinvestment of distributions – 12,000 – 147,357 
Shares redeemed – (650,519) – (8,037,147) 
Net increase (decrease) – (637,765) $– $(7,880,527) 
Class C     
Shares sold 494,869 952,705 $6,642,473 $12,091,583 
Reinvestment of distributions 114,973 288,834 1,524,547 3,559,407 
Shares redeemed (820,759) (2,034,383) (11,033,406) (25,901,629) 
Net increase (decrease) (210,917) (792,844) $(2,866,386) $(10,250,639) 
Class I     
Shares sold 9,191,177 17,509,622 $125,711,242 $225,983,350 
Reinvestment of distributions 984,796 2,753,677 13,245,502 34,489,320 
Shares redeemed (10,249,497) (25,762,580) (140,153,699) (332,675,770) 
Net increase (decrease) (73,524) (5,499,281) $(1,196,955) $(72,203,100) 
Class Z6     
Shares sold 81,641 – $1,130,006 $– 
Shares redeemed (4) – (57) – 
Net increase (decrease) 81,637 – $1,129,949 $– 
Advisor Freedom 2025     
Class A     
Shares sold 10,223,151 25,601,574 $137,596,138 $322,205,614 
Reinvestment of distributions 1,748,647 5,447,622 23,152,083 66,353,250 
Shares redeemed (18,149,452) (42,382,865) (244,123,980) (533,830,938) 
Net increase (decrease) (6,177,654) (11,333,669) $(83,375,759) $(145,272,074) 
Class M     
Shares sold 4,074,525 9,663,460 $54,871,417 $121,810,664 
Reinvestment of distributions 475,833 1,365,367 6,314,307 16,658,442 
Shares redeemed (5,013,104) (11,675,916) (67,769,724) (147,231,177) 
Net increase (decrease) (462,746) (647,089) $(6,584,000) $(8,762,071) 
Class B     
Shares sold – 575 $– $6,910 
Reinvestment of distributions – 10,996 – 131,516 
Shares redeemed – (506,132) – (6,082,906) 
Net increase (decrease) – (494,561) $– $(5,944,480) 
Class C     
Shares sold 597,642 1,173,292 $7,924,276 $14,579,050 
Reinvestment of distributions 102,674 285,842 1,341,944 3,429,289 
Shares redeemed (839,549) (1,482,837) (11,167,401) (18,448,804) 
Net increase (decrease) (139,233) (23,703) $(1,901,181) $(440,465) 
Class I     
Shares sold 12,456,410 21,283,507 $169,072,041 $270,333,001 
Reinvestment of distributions 1,080,131 3,304,105 14,419,751 40,606,737 
Shares redeemed (11,101,484) (28,567,674) (150,688,513) (363,666,811) 
Net increase (decrease) 2,435,057 (3,980,062) $32,803,279 $(52,727,073) 
Class Z6     
Shares sold 149,584 – $2,064,946 $– 
Shares redeemed (1) – (21) – 
Net increase (decrease) 149,583 – $2,064,925 $– 
Advisor Freedom 2030     
Class A     
Shares sold 9,345,678 24,154,997 $135,385,903 $322,352,172 
Reinvestment of distributions 1,655,811 5,047,646 23,578,744 64,726,553 
Shares redeemed (16,320,651) (37,622,901) (236,419,968) (502,399,777) 
Net increase (decrease) (5,319,162) (8,420,258) $(77,455,321) $(115,321,052) 
Class M     
Shares sold 3,751,361 9,067,980 $54,095,505 $120,441,600 
Reinvestment of distributions 516,426 1,490,663 7,322,915 19,010,341 
Shares redeemed (5,412,207) (11,814,020) (78,219,567) (157,007,286) 
Net increase (decrease) (1,144,420) (1,255,377) $(16,801,147) $(17,555,345) 
Class B     
Shares sold – 806 $– $10,114 
Reinvestment of distributions – 13,509 – 169,402 
Shares redeemed – (539,084) – (6,796,686) 
Net increase (decrease) – (524,769) $– $(6,617,170) 
Class C     
Shares sold 468,877 1,101,268 $6,690,797 $14,505,929 
Reinvestment of distributions 105,240 279,157 1,476,519 3,516,570 
Shares redeemed (769,623) (1,426,059) (10,979,510) (18,791,556) 
Net increase (decrease) (195,506) (45,634) $(2,812,194) $(769,057) 
Class I     
Shares sold 12,332,960 18,963,300 $179,528,799 $254,803,137 
Reinvestment of distributions 1,095,092 3,331,692 15,681,718 42,991,010 
Shares redeemed (11,717,058) (26,887,285) (171,165,196) (361,278,339) 
Net increase (decrease) 1,710,994 (4,592,293) $24,045,321 $(63,484,192) 
Class Z6     
Shares sold 183,200 – $2,710,153 $– 
Shares redeemed (7,867) – (116,302) – 
Net increase (decrease) 175,333 – $2,593,851 $– 
Advisor Freedom 2035     
Class A     
Shares sold 7,992,002 20,964,331 $112,006,192 $266,773,952 
Reinvestment of distributions 1,322,102 4,215,522 18,192,117 51,222,283 
Shares redeemed (14,163,041) (31,584,221) (198,682,623) (403,185,266) 
Net increase (decrease) (4,848,937) (6,404,368) $(68,484,314) $(85,189,031) 
Class M     
Shares sold 3,378,859 8,015,582 $47,043,316 $101,168,617 
Reinvestment of distributions 393,884 1,171,573 5,376,517 14,118,577 
Shares redeemed (4,317,595) (8,653,016) (60,273,267) (109,243,486) 
Net increase (decrease) (544,852) 534,139 $(7,853,434) $6,043,708 
Class B     
Shares sold – 387 $– $4,628 
Reinvestment of distributions – 11,097 – 130,498 
Shares redeemed – (378,032) – (4,470,318) 
Net increase (decrease) – (366,548) $– $(4,335,192) 
Class C     
Shares sold 363,338 820,719 $4,968,545 $10,303,416 
Reinvestment of distributions 74,708 199,168 1,004,845 2,358,471 
Shares redeemed (478,252) (910,537) (6,554,528) (11,305,483) 
Net increase (decrease) (40,206) 109,350 $(581,138) $1,356,404 
Class I     
Shares sold 10,961,543 16,521,392 $154,670,734 $212,505,868 
Reinvestment of distributions 877,267 2,773,266 12,150,148 33,964,901 
Shares redeemed (9,206,928) (24,049,130) (130,128,444) (309,011,122) 
Net increase (decrease) 2,631,882 (4,754,472) $36,692,438 $(62,540,353) 
Class Z6     
Shares sold 88,843 – $1,276,618 $– 
Shares redeemed (1,444) – (21,046) – 
Net increase (decrease) 87,399 – $1,255,572 $– 
Advisor Freedom 2040     
Class A     
Shares sold 6,464,806 17,466,598 $97,018,052 $237,762,232 
Reinvestment of distributions 1,059,069 3,476,525 15,589,489 45,294,736 
Shares redeemed (11,582,904) (26,454,006) (173,897,525) (361,822,566) 
Net increase (decrease) (4,059,029) (5,510,883) $(61,289,984) $(78,765,598) 
Class M     
Shares sold 2,837,595 7,472,615 $42,422,281 $101,507,043 
Reinvestment of distributions 360,060 1,120,388 5,282,073 14,523,730 
Shares redeemed (3,723,018) (9,684,613) (55,695,056) (131,502,202) 
Net increase (decrease) (525,363) (1,091,610) $(7,990,702) $(15,471,429) 
Class B     
Shares sold – 811 $– $10,383 
Reinvestment of distributions – 12,839 – 162,282 
Shares redeemed – (438,998) – (5,572,683) 
Net increase (decrease) – (425,348) $– $(5,400,018) 
Class C     
Shares sold 336,142 800,047 $4,926,421 $10,704,582 
Reinvestment of distributions 90,429 248,578 1,303,985 3,160,945 
Shares redeemed (430,174) (1,091,446) (6,329,691) (14,671,044) 
Net increase (decrease) (3,603) (42,821) $(99,285) $(805,517) 
Class I     
Shares sold 9,518,985 15,829,040 $143,627,068 $218,014,568 
Reinvestment of distributions 770,415 2,469,110 11,409,848 32,375,295 
Shares redeemed (9,206,748) (21,207,635) (139,180,781) (291,344,802) 
Net increase (decrease) 1,082,652 (2,909,485) $15,856,135 $(40,954,939) 
Class Z6     
Shares sold 58,249 – $893,250 $– 
Shares redeemed (11) – (169) – 
Net increase (decrease) 58,238 – $893,081 $– 
Advisor Freedom 2045     
Class A     
Shares sold 6,873,772 17,252,582 $79,855,165 $181,853,072 
Reinvestment of distributions 735,929 2,462,232 8,389,594 24,750,233 
Shares redeemed (9,408,765) (22,305,034) (109,315,181) (235,715,209) 
Net increase (decrease) (1,799,064) (2,590,220) $(21,070,422) $(29,111,904) 
Class M     
Shares sold 2,844,000 6,628,910 $32,793,225 $69,214,923 
Reinvestment of distributions 252,396 764,715 2,857,125 7,631,868 
Shares redeemed (2,908,844) (6,339,013) (33,628,561) (66,446,041) 
Net increase (decrease) 187,552 1,054,612 $2,021,789 $10,400,750 
Class B     
Shares sold – – $– $– 
Reinvestment of distributions – 4,003 – 39,186 
Shares redeemed – (129,611) – (1,280,562) 
Net increase (decrease) – (125,608) $– $(1,241,376) 
Class C     
Shares sold 295,463 583,548 $3,368,727 $6,073,526 
Reinvestment of distributions 37,358 102,586 418,413 1,011,119 
Shares redeemed (300,915) (525,797) (3,424,602) (5,471,361) 
Net increase (decrease) 31,906 160,337 $362,538 $1,613,284 
Class I     
Shares sold 9,155,236 15,244,964 $106,980,974 $162,005,611 
Reinvestment of distributions 602,398 1,939,715 6,903,478 19,643,941 
Shares redeemed (7,425,975) (18,032,871) (86,928,475) (191,509,176) 
Net increase (decrease) 2,331,659 (848,192) $26,955,977 $(9,859,624) 
Class Z6     
Shares sold 55,570 – $660,918 $– 
Shares redeemed (2) – (21) – 
Net increase (decrease) 55,568 – $660,897 $– 
Advisor Freedom 2050     
Class A     
Shares sold 5,829,735 13,799,385 $67,379,254 $144,640,305 
Reinvestment of distributions 501,280 1,662,896 5,689,532 16,634,412 
Shares redeemed (7,079,295) (15,826,474) (81,839,322) (166,323,863) 
Net increase (decrease) (748,280) (364,193) $(8,770,536) $(5,049,146) 
Class M     
Shares sold 2,410,814 5,371,614 $27,757,252 $55,898,271 
Reinvestment of distributions 185,932 588,794 2,099,171 5,856,350 
Shares redeemed (2,491,742) (5,359,307) (28,733,259) (55,940,464) 
Net increase (decrease) 105,004 601,101 $1,123,164 $5,814,157 
Class B     
Shares sold – 29 $– $284 
Reinvestment of distributions – 4,919 – 47,861 
Shares redeemed – (174,970) – (1,712,712) 
Net increase (decrease) – (170,022) $– $(1,664,567) 
Class C     
Shares sold 280,560 567,474 $3,197,831 $5,874,580 
Reinvestment of distributions 35,614 103,905 398,525 1,020,402 
Shares redeemed (231,317) (548,371) (2,631,081) (5,674,279) 
Net increase (decrease) 84,857 123,008 $965,275 $1,220,703 
Class I     
Shares sold 7,805,936 14,138,033 $90,784,115 $149,514,359 
Reinvestment of distributions 485,066 1,591,607 5,534,602 16,017,973 
Shares redeemed (6,396,137) (15,379,922) (74,568,753) (162,081,239) 
Net increase (decrease) 1,894,865 349,718 $21,749,964 $3,451,093 
Class Z6     
Shares sold 95,235 – $1,128,859 $– 
Shares redeemed (4,630) – (55,554) – 
Net increase (decrease) 90,605 – $1,073,305 $– 
Advisor Freedom 2055     
Class A     
Shares sold 3,584,007 7,916,560 $45,237,715 $90,375,985 
Reinvestment of distributions 148,594 523,156 1,841,074 5,707,929 
Shares redeemed (2,587,102) (6,295,906) (32,703,456) (72,106,749) 
Net increase (decrease) 1,145,499 2,143,810 $14,375,333 $23,977,165 
Class M     
Shares sold 1,281,837 2,732,217 $16,104,448 $31,007,914 
Reinvestment of distributions 50,863 177,026 627,648 1,922,189 
Shares redeemed (997,121) (1,948,491) (12,555,754) (22,224,779) 
Net increase (decrease) 335,579 960,752 $4,176,342 $10,705,324 
Class C     
Shares sold 126,894 316,652 $1,586,213 $3,576,645 
Reinvestment of distributions 7,427 21,848 91,423 236,075 
Shares redeemed (71,235) (151,022) (891,497) (1,727,417) 
Net increase (decrease) 63,086 187,478 $786,139 $2,085,303 
Class I     
Shares sold 4,314,796 8,513,386 $54,705,290 $97,753,864 
Reinvestment of distributions 161,934 550,025 2,014,456 6,030,191 
Shares redeemed (2,607,573) (6,340,869) (33,157,439) (72,851,876) 
Net increase (decrease) 1,869,157 2,722,542 $23,562,307 $30,932,179 
Class Z6     
Shares sold 76,821 – $992,824 $– 
Shares redeemed (261) – (3,419) – 
Net increase (decrease) 76,560 – $989,405 $– 
Advisor Freedom 2060     
Class A     
Shares sold 1,145,344 1,725,527 $12,770,567 $17,397,251 
Reinvestment of distributions 17,221 40,951 188,740 397,839 
Shares redeemed (345,804) (990,604) (3,855,852) (9,965,288) 
Net increase (decrease) 816,761 775,874 $9,103,455 $7,829,802 
Class M     
Shares sold 400,116 493,796 $4,466,292 $5,040,285 
Reinvestment of distributions 5,151 9,778 56,458 94,875 
Shares redeemed (110,205) (303,525) (1,238,012) (3,017,633) 
Net increase (decrease) 295,062 200,049 $3,284,738 $2,117,527 
Class C     
Shares sold 54,667 85,955 $611,222 $874,633 
Reinvestment of distributions 1,029 2,528 11,316 24,346 
Shares redeemed (25,046) (110,184) (282,238) (1,080,968) 
Net increase (decrease) 30,650 (21,701) $340,300 $(181,989) 
Class I     
Shares sold 1,154,373 1,641,454 $12,928,141 $16,721,474 
Reinvestment of distributions 18,015 31,488 197,987 308,545 
Shares redeemed (366,727) (596,496) (4,129,006) (6,056,581) 
Net increase (decrease) 805,661 1,076,446 $8,997,122 $10,973,438 
Class Z6     
Shares sold 28,751 – $326,639 $– 
Shares redeemed (b) – (2) – 
Net increase (decrease) 28,751 – $326,637 $– 

 (a) Amounts for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to September 30, 2017

 (b) Amounts represents less than one share.


8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

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 Series Equity Growth Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Equity Value Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Growth & Income Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Growth Opportunities Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Opportunistic Insights Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Short-Term Credit Fund 16% 26% 23% –% –% –% 
Fidelity Advisor Series Small Cap Fund –% 11% 15% 17% 16% 15% 
Fidelity Advisor Series Stock Selector Large Cap Value Fund –% 11% 15% 17% 16% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Advisor Series Equity Growth Fund 100% 
Fidelity Advisor Series Equity Value Fund 100% 
Fidelity Advisor Series Growth & Income Fund 100% 
Fidelity Advisor Series Growth Opportunities Fund 100% 
Fidelity Advisor Series Opportunistic Insights Fund 100% 
Fidelity Advisor Series Short-Term Credit Fund 100% 
Fidelity Advisor Series Small Cap Fund 100% 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 100% 

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017) for Class A, Class M, Class C, and Class I and for the period (June 6, 2017 to September 30, 2017) for Class Z6. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period 
Advisor Freedom Income     
Class A .56%    
Actual  $1,000.00 $1,035.60 $2.86-B,C 
Hypothetical-D  $1,000.00 $1,022.26 $2.84-C,E 
Class M .81%    
Actual  $1,000.00 $1,034.40 $4.13-B,C 
Hypothetical-D  $1,000.00 $1,021.01 $4.10-C,E 
Class C 1.31%    
Actual  $1,000.00 $1,031.70 $6.67-B,C 
Hypothetical-D  $1,000.00 $1,018.50 $6.63-C,E 
Class I .31%    
Actual  $1,000.00 $1,036.70 $1.58-B,C 
Hypothetical-D  $1,000.00 $1,023.51 $1.57-C,E 
Class Z6 .37%    
Actual  $1,000.00 $1,016.90 $1.20-B 
Hypothetical-D  $1,000.00 $1,023.21 $1.88-E 
Advisor Freedom 2005     
Class A .58%    
Actual  $1,000.00 $1,044.30 $2.97-B,C 
Hypothetical-D  $1,000.00 $1,022.16 $2.94-C,E 
Class M .83%    
Actual  $1,000.00 $1,042.80 $4.25-B,C 
Hypothetical-D  $1,000.00 $1,020.91 $4.20-C,E 
Class C 1.33%    
Actual  $1,000.00 $1,041.40 $6.81-B,C 
Hypothetical-D  $1,000.00 $1,018.40 $6.73-C,E 
Class I .33%    
Actual  $1,000.00 $1,045.60 $1.69-B,C 
Hypothetical-D  $1,000.00 $1,023.41 $1.67-C,E 
Class Z6 .38%    
Actual  $1,000.00 $1,020.80 $1.23-B 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-E 
Advisor Freedom 2010     
Class A .60%    
Actual  $1,000.00 $1,052.10 $3.09-B,C 
Hypothetical-D  $1,000.00 $1,022.06 $3.04-C,E 
Class M .85%    
Actual  $1,000.00 $1,050.80 $4.37-B,C 
Hypothetical-D  $1,000.00 $1,020.81 $4.31-C,E 
Class C 1.35%    
Actual  $1,000.00 $1,048.20 $6.93-B,C 
Hypothetical-D  $1,000.00 $1,018.30 $6.83-C,E 
Class I .35%    
Actual  $1,000.00 $1,053.40 $1.80-B,C 
Hypothetical-D  $1,000.00 $1,023.31 $1.78-C,E 
Class Z6 .40%    
Actual  $1,000.00 $1,024.80 $1.30-B 
Hypothetical-D  $1,000.00 $1,023.06 $2.03-E 
Advisor Freedom 2015     
Class A .63%    
Actual  $1,000.00 $1,059.10 $3.25-B,C 
Hypothetical-D  $1,000.00 $1,021.91 $3.19-C,E 
Class M .88%    
Actual  $1,000.00 $1,057.70 $4.54-B,C 
Hypothetical-D  $1,000.00 $1,020.66 $4.46-C,E 
Class C 1.38%    
Actual  $1,000.00 $1,056.00 $7.11-B,C 
Hypothetical-D  $1,000.00 $1,018.15 $6.98-C,E 
Class I .38%    
Actual  $1,000.00 $1,060.90 $1.96-B,C 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-C,E 
Class Z6 .42%    
Actual  $1,000.00 $1,028.40 $1.37-B 
Hypothetical-D  $1,000.00 $1,022.96 $2.13-E 
Advisor Freedom 2020     
Class A .66%    
Actual  $1,000.00 $1,063.80 $3.41-B,C 
Hypothetical-D  $1,000.00 $1,021.76 $3.35-C,E 
Class M .91%    
Actual  $1,000.00 $1,063.30 $4.71-B,C 
Hypothetical-D  $1,000.00 $1,020.51 $4.61-C,E 
Class C 1.41%    
Actual  $1,000.00 $1,060.90 $7.28-B,C 
Hypothetical-D  $1,000.00 $1,018.00 $7.13-C,E 
Class I .41%    
Actual  $1,000.00 $1,065.60 $2.12-B,C 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-C,E 
Class Z6 .44%    
Actual  $1,000.00 $1,031.60 $1.43-B 
Hypothetical-D  $1,000.00 $1,022.86 $2.23-E 
Advisor Freedom 2025     
Class A .69%    
Actual  $1,000.00 $1,068.20 $3.58-B,C 
Hypothetical-D  $1,000.00 $1,021.61 $3.50-C,E 
Class M .94%    
Actual  $1,000.00 $1,067.40 $4.87-B,C 
Hypothetical-D  $1,000.00 $1,020.36 $4.76-C,E 
Class C 1.44%    
Actual  $1,000.00 $1,064.80 $7.45-B,C 
Hypothetical-D  $1,000.00 $1,017.85 $7.28-C,E 
Class I .44%    
Actual  $1,000.00 $1,069.80 $2.28-B,C 
Hypothetical-D  $1,000.00 $1,022.86 $2.23-C,E 
Class Z6 .45%    
Actual  $1,000.00 $1,034.00 $1.47-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Advisor Freedom 2030     
Class A .72%    
Actual  $1,000.00 $1,079.70 $3.75-B,C 
Hypothetical-D  $1,000.00 $1,021.46 $3.65-C,E 
Class M .97%    
Actual  $1,000.00 $1,078.80 $5.05-B,C 
Hypothetical-D  $1,000.00 $1,020.21 $4.91-C,E 
Class C 1.47%    
Actual  $1,000.00 $1,075.20 $7.65-B,C 
Hypothetical-D  $1,000.00 $1,017.70 $7.44-C,E 
Class I .47%    
Actual  $1,000.00 $1,080.60 $2.45-B,C 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-C,E 
Class Z6 .47%    
Actual  $1,000.00 $1,039.20 $1.54-B 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-E 
Advisor Freedom 2035     
Class A .75%    
Actual  $1,000.00 $1,087.60 $3.92-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,085.30 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,082.70 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,088.40 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.40 $1.60-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2040     
Class A .75%    
Actual  $1,000.00 $1,087.70 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,086.20 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.40 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,089.30 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.90 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2045     
Class A .75%    
Actual  $1,000.00 $1,088.40 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,085.80 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.90 $7.84-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,089.40 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.80 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2050     
Class A .75%    
Actual  $1,000.00 $1,087.90 $3.93-B,C 
Hypothetical-D  $1,000.00 $1,021.31 $3.80-C,E 
Class M 1.00%    
Actual  $1,000.00 $1,086.80 $5.23-B,C 
Hypothetical-D  $1,000.00 $1,020.05 $5.06-C,E 
Class C 1.50%    
Actual  $1,000.00 $1,083.60 $7.83-B,C 
Hypothetical-D  $1,000.00 $1,017.55 $7.59-C,E 
Class I .50%    
Actual  $1,000.00 $1,088.90 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,044.00 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2055     
Class A .76%    
Actual  $1,000.00 $1,088.10 $3.98-B,C 
Hypothetical-D  $1,000.00 $1,021.26 $3.85-C,E 
Class M 1.01%    
Actual  $1,000.00 $1,086.90 $5.28-B,C 
Hypothetical-D  $1,000.00 $1,020.00 $5.11-C,E 
Class C 1.51%    
Actual  $1,000.00 $1,083.80 $7.89-B,C 
Hypothetical-D  $1,000.00 $1,017.50 $7.64-C,E 
Class I .51%    
Actual  $1,000.00 $1,089.20 $2.67-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,044.30 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Advisor Freedom 2060     
Class A .78%    
Actual  $1,000.00 $1,087.80 $4.08-B,C 
Hypothetical-D  $1,000.00 $1,021.16 $3.95-C,E 
Class M 1.03%    
Actual  $1,000.00 $1,086.30 $5.39-B,C 
Hypothetical-D  $1,000.00 $1,019.85 $5.22-C,E 
Class C 1.53%    
Actual  $1,000.00 $1,084.10 $7.99-B,C 
Hypothetical-D  $1,000.00 $1,017.40 $7.74-C,E 
Class I .53%    
Actual  $1,000.00 $1,089.00 $2.78-B,C 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-C,E 
Class Z6 .49%    
Actual  $1,000.00 $1,043.90 $1.61-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period. Multiplied by 183/365 (to reflect the on-half year period) for Class A, Class M, Class C and Class I and multiplied by 117/365 (to reflect the period June 6, 2017 to September 30, 2017) for Class Z6. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio

 C If fees and changes to the class level expense contract and/ or expense cap, effective June 1, 2017, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in table below:

 D 5% return per year before expenses

 E Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio


 Annualized Expense Ratio-(a)
 
Expenses Paid
 
Advisor Freedom Income   
Class A .72%  
Actual  $3.67 
Hypothetical-(b)  $3.65 
Class M .97%  
Actual  $4.94 
Hypothetical-(b)  $4.91 
Class C 1.47%  
Actual  $7.48 
Hypothetical-(b)  $7.44 
Class I .47%  
Actual  $2.40 
Hypothetical-(b)  $2.38 
Advisor Freedom 2005   
Class A .74%  
Actual  $3.79 
Hypothetical-(b)  $3.75 
Class M .99%  
Actual  $5.07 
Hypothetical-(b)  $5.01 
Class C 1.49%  
Actual  $7.62 
Hypothetical-(b)  $7.54 
Class I .49%  
Actual  $2.51 
Hypothetical-(b)  $2.48 
Advisor Freedom 2010   
Class A .78%  
Actual  $4.01 
Hypothetical-(b)  $3.95 
Class M 1.03%  
Actual  $5.29 
Hypothetical-(b)  $5.22 
Class C 1.53%  
Actual  $7.85 
Hypothetical-(b)  $7.74 
Class I .53%  
Actual  $2.73 
Hypothetical-(b)  $2.69 
Advisor Freedom 2015   
Class A .83%  
Actual  $4.28 
Hypothetical-(b)  $4.20 
Class M 1.08%  
Actual  $5.57 
Hypothetical-(b)  $5.47 
Class C 1.58%  
Actual  $8.14 
Hypothetical-(b)  $7.99 
Class I .58%  
Actual  $3.00 
Hypothetical-(b)  $2.94 
Advisor Freedom 2020   
Class A .87%  
Actual  $4.50 
Hypothetical-(b)  $4.41 
Class M 1.12%  
Actual  $5.79 
Hypothetical-(b)  $5.67 
Class C 1.62%  
Actual  $8.37 
Hypothetical-(b)  $8.19 
Class I .62%  
Actual  $3.21 
Hypothetical-(b)  $3.14 
Advisor Freedom 2025   
Class A .91%  
Actual  $4.72 
Hypothetical-(b)  $4.61 
Class M 1.16%  
Actual  $6.01 
Hypothetical-(b)  $5.87 
Class C 1.66%  
Actual  $8.59 
Hypothetical-(b)  $8.39 
Class I .66%  
Actual  $3.42 
Hypothetical-(b)  $3.35 
Advisor Freedom 2030   
Class A .95%  
Actual  $4.95 
Hypothetical-(b)  $4.81 
Class M 1.20%  
Actual  $6.25 
Hypothetical-(b)  $6.07 
Class C 1.70%  
Actual  $8.84 
Hypothetical-(b)  $8.59 
Class I .70%  
Actual  $3.65 
Hypothetical-(b)  $3.55 
Advisor Freedom 2035   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.13 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.92 
Hypothetical-(b)  $3.80 
Advisor Freedom 2040   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.13 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2045   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2050   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.54 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.92 
Hypothetical-(b)  $3.80 
Advisor Freedom 2055   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.54 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Advisor Freedom 2060   
Class A 1.00%  
Actual  $5.23 
Hypothetical-(b)  $5.06 
Class M 1.25%  
Actual  $6.53 
Hypothetical-(b)  $6.33 
Class C 1.75%  
Actual  $9.14 
Hypothetical-(b)  $8.85 
Class I .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and would be realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that the Advisory Contract currently in place for each Freedom fund had become effective on June 1, 2017 after receiving shareholder approval and had implemented a new fee structure whereby each Freedom fund pays an all-inclusive management fee that varies by class and the underlying Fidelity funds in which the Freedom fund invests no longer pay expenses, with certain limited exceptions.

In considering whether to renew the Advisory Contract and administration agreement for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Advisor Freedom 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 2017, after receiving shareholder approval. The Board noted that the new pricing structure will reduce the overall expenses that shareholders pay and provide for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when the fund did not pay a top-level management fee.

The Board instead compared each fund's current class-level management fee rate (calculated using Schedule A of the Advisory Contract with 2017 as a base year to derive the "Years to Retirement") relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that each fund's current class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the current total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2016. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that each fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes of each fund vary primarily by the level of their 12b-1 fees.

The Board noted that the current total expense ratio of Class A 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, and Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class A of each other fund (including expenses of the underlying funds in which each fund invests) ranks equal to the median.

The Board noted that the current total expense ratio of Class M (formerly Class T) of each fund (including expenses of the underlying funds in which each fund invests) ranks above the median total expenses for competitor funds based on the competitive data for 2016. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that the current total expense ratio of Class M is above the competitive median primarily because of higher 12b-1 fees on Class M as compared to most competitor funds. Class M has a higher 12b-1 fee, but a lower front-end sales charge, than traditionally priced front-end sales charge classes. The Board considered that Class M is primarily sold load-waived in the retirement plan market where its 0.50% 12b-1 fee is comparable to competing no-load, higher 12b-1 fee classes designed specifically for retirement plans. The Board noted that, when compared with institutional load funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of certain funds is below median and the total expense ratio of Class M of the remaining funds is above median due to small class size.

The Board noted that the current total expense ratio of Class C of Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class C of each other fund (including expenses of the underlying funds in which each fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that the current total expense ratio of Class C is above the competitive median primarily because of its 1.00% 12b-1 fee. The Board noted that, when compared with competitor funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of certain funds is below median and the total expense ratio of Class C of the remaining funds is above the median due to small class size.

The Board noted that the current total expense ratio of Class I 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, and Fidelity Advisor Freedom Income Fund (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio of Class I of each other fund (including expenses of the underlying funds in which each fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that, for each fund for which the current total expense ratio of Class I is above the competitive median, the class is above the competitive median because a number of competitor target date funds that Lipper previously categorized as passive were moved to the active target date mapped group in 2016, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest in passive products, the current total expense ratio of Class I of each such fund (had it been in effect for 2016) ranks equal to the competitive median.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that, although some classes were above the median of the universe presented for comparison, the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

Because the funds only recently began paying management fees, the Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund prior to the change in fee arrangements were not a material factor in its approval of the continuance of each fund's current Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that due to each fund's current contractual arrangements its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.





Fidelity Investments

AFFZ6-SANN-1117
1.9885871.100




Fidelity Flex℠ Freedom Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Flex℠ Freedom Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Flex℠ Freedom 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Flex℠ Freedom Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 37.3 
Fidelity Series Government Money Market Fund 1.09% 20.9 
Fidelity Series Short-Term Credit Fund 6.8 
Fidelity Series Emerging Markets Fund 3.9 
Fidelity Series Inflation-Protected Bond Index Fund 3.7 
Fidelity Series International Value Fund 2.8 
Fidelity Series International Growth Fund 2.8 
Fidelity Series Intrinsic Opportunities Fund 2.3 
Fidelity Series Growth & Income Fund 2.1 
Fidelity Series Commodity Strategy Fund 2.0 
 84.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.0% 
   International Equity Funds 10.5% 
   Bond Funds 45.8% 
   Short-Term Funds 27.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 16.0%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 29 $486 
Fidelity Series 1000 Value Index Fund (a) 47 590 
Fidelity Series All-Sector Equity Fund (a) 68 913 
Fidelity Series Blue Chip Growth Fund (a) 71 935 
Fidelity Series Commodity Strategy Fund (a) 387 2,022 
Fidelity Series Growth & Income Fund (a) 141 2,140 
Fidelity Series Growth Company Fund (a) 109 1,865 
Fidelity Series Intrinsic Opportunities Fund (a) 135 2,316 
Fidelity Series Opportunistic Insights Fund (a) 57 1,030 
Fidelity Series Real Estate Equity Fund (a) 14 184 
Fidelity Series Small Cap Discovery Fund (a) 23 274 
Fidelity Series Small Cap Opportunities Fund (a) 61 847 
Fidelity Series Stock Selector Large Cap Value Fund (a) 120 1,594 
Fidelity Series Value Discovery Fund (a) 83 1,109 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $15,938)  16,305 
International Equity Funds - 10.5%   
Fidelity Series Canada Fund (a) 27 288 
Fidelity Series Emerging Markets Fund (a) 192 3,958 
Fidelity Series International Growth Fund (a) 179 2,843 
Fidelity Series International Small Cap Fund (a) 38 686 
Fidelity Series International Value Fund (a) 267 2,871 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $10,101)  10,646 
Bond Funds - 45.8%   
Fidelity Series Emerging Markets Debt Fund (a) 75 780 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 157 1,534 
Fidelity Series Inflation-Protected Bond Index Fund (a) 384 3,798 
Fidelity Series International Credit Fund (a) 37 
Fidelity Series Investment Grade Bond Fund (a) 3,356 37,955 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 211 1,856 
Fidelity Series Real Estate Income Fund (a) 43 477 
TOTAL BOND FUNDS   
(Cost $46,587)  46,680 
Short-Term Funds - 27.7%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 21,323 21,323 
Fidelity Series Short-Term Credit Fund (a) 692 6,909 
TOTAL SHORT-TERM FUNDS   
(Cost $28,232)  28,232 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $100,858)  101,863 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $101,863 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $520 $54 $-- $-- $20 $486 
Fidelity Series 1000 Value Index Fund -- 620 53 -- -- 23 590 
Fidelity Series All-Sector Equity Fund -- 970 87 -- -- 30 913 
Fidelity Series Blue Chip Growth Fund -- 1,082 99 (2) (46) 935 
Fidelity Series Canada Fund -- 279 -- -- -- 288 
Fidelity Series Commodity Strategy Fund -- 2,003 35 53 2,022 
Fidelity Series Emerging Markets Debt Fund -- 775 -- 15 -- 780 
Fidelity Series Emerging Markets Fund -- 4,650 1,060 -- 82 286 3,958 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 21,323 -- 68 -- -- 21,323 
Fidelity Series Growth & Income Fund -- 2,290 194 -- 44 2,140 
Fidelity Series Growth Company Fund -- 2,000 228 -- (2) 95 1,865 
Fidelity Series High Income Fund -- 1,537 27 -- 1,534 
Fidelity Series Inflation-Protected Bond Index Fund -- 3,802 -- -- (4) 3,798 
Fidelity Series International Credit Fund -- 37 -- -- -- -- 37 
Fidelity Series International Growth Fund -- 2,932 180 -- 89 2,843 
Fidelity Series International Small Cap Fund -- 660 -- -- 31 686 
Fidelity Series International Value Fund -- 2,890 151 -- 128 2,871 
Fidelity Series Intrinsic Opportunities Fund -- 2,280 -- 16 -- 36 2,316 
Fidelity Series Investment Grade Bond Fund -- 37,955 100 302 -- 100 37,955 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,865 -- -- (9) 1,856 
Fidelity Series Opportunistic Insights Fund -- 1,100 110 -- (2) 42 1,030 
Fidelity Series Real Estate Equity Fund -- 206 19 -- (3) 184 
Fidelity Series Real Estate Income Fund -- 490 13 -- -- 477 
Fidelity Series Short-Term Credit Fund -- 6,909 -- 39 -- -- 6,909 
Fidelity Series Small Cap Discovery Fund -- 291 24 -- 274 
Fidelity Series Small Cap Opportunities Fund -- 940 74 -- (19) 847 
Fidelity Series Stock Selector Large Cap Value Fund -- 1,670 142 -- 65 1,594 
Fidelity Series Value Discovery Fund -- 2,171 1,088 11 18 1,109 
Total $-- $104,491 $3,725 $514 $92 $1,005 $101,863 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $100,858) — See accompanying schedule  $101,863 
Total assets  101,863 
Net Assets  $101,863 
Net Assets consist of:   
Paid in capital  $100,330 
Undistributed net investment income  184 
Accumulated undistributed net realized gain (loss) on investments  344 
Net unrealized appreciation (depreciation) on investments  1,005 
Net Assets, for 10,033 shares outstanding  $101,863 
Net Asset Value, offering price and redemption price per share ($101,863 ÷ 10,033 shares)  $10.15 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $514 
Net investment income (loss)  514 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $92  
Capital gain distributions from underlying funds 252  
Total net realized gain (loss)  344 
Change in net unrealized appreciation (depreciation) on underlying funds  1,005 
Net gain (loss)  1,349 
Net increase (decrease) in net assets resulting from operations  $1,863 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $514 
Net realized gain (loss) 344 
Change in net unrealized appreciation (depreciation) 1,005 
Net increase (decrease) in net assets resulting from operations 1,863 
Distributions to shareholders from net investment income (330) 
Share transactions  
Proceeds from sales of shares 100,000 
Reinvestment of distributions 330 
Net increase (decrease) in net assets resulting from share transactions 100,330 
Total increase (decrease) in net assets 101,863 
Net Assets  
Beginning of period – 
End of period $101,863 
Other Information  
Undistributed net investment income end of period $184 
Shares  
Sold 10,000 
Issued in reinvestment of distributions 33 
Net increase (decrease) 10,033 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom Income Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .13 
Total from investment operations .18 
Distributions from net investment income (.03) 
Total distributions (.03) 
Net asset value, end of period $10.15 
Total ReturnC 1.83% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.62%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateD 4%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 33.6 
Fidelity Series Government Money Market Fund 1.09% 16.2 
Fidelity Series Short-Term Credit Fund 5.1 
Fidelity Series Emerging Markets Fund 4.8 
Fidelity Series International Value Fund 3.8 
Fidelity Series International Growth Fund 3.8 
Fidelity Series Intrinsic Opportunities Fund 3.3 
Fidelity Series Inflation-Protected Bond Index Fund 3.3 
Fidelity Series Growth & Income Fund 3.2 
Fidelity Series Growth Company Fund 2.8 
 79.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.2% 
   International Equity Funds 13.7% 
   Bond Funds 41.8% 
   Short-Term Funds 21.3% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 45 $747 
Fidelity Series 1000 Value Index Fund (a) 72 906 
Fidelity Series All-Sector Equity Fund (a) 104 1,397 
Fidelity Series Blue Chip Growth Fund (a) 108 1,430 
Fidelity Series Commodity Strategy Fund (a) 387 2,026 
Fidelity Series Growth & Income Fund (a) 215 3,274 
Fidelity Series Growth Company Fund (a) 166 2,853 
Fidelity Series Intrinsic Opportunities Fund (a) 199 3,412 
Fidelity Series Opportunistic Insights Fund (a) 86 1,576 
Fidelity Series Real Estate Equity Fund (a) 22 283 
Fidelity Series Small Cap Discovery Fund (a) 35 420 
Fidelity Series Small Cap Opportunities Fund (a) 93 1,296 
Fidelity Series Stock Selector Large Cap Value Fund (a) 184 2,450 
Fidelity Series Value Discovery Fund (a) 126 1,697 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $23,236)  23,767 
International Equity Funds - 13.7%   
Fidelity Series Canada Fund (a) 37 392 
Fidelity Series Emerging Markets Fund (a) 237 4,877 
Fidelity Series International Growth Fund (a) 245 3,898 
Fidelity Series International Small Cap Fund (a) 52 938 
Fidelity Series International Value Fund (a) 363 3,911 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $13,312)  14,016 
Bond Funds - 41.8%   
Fidelity Series Emerging Markets Debt Fund (a) 74 769 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 158 1,537 
Fidelity Series Inflation-Protected Bond Index Fund (a) 339 3,352 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 3,036 34,339 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 221 1,938 
Fidelity Series Real Estate Income Fund (a) 44 490 
TOTAL BOND FUNDS   
(Cost $42,632)  42,719 
Short-Term Funds - 21.3%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 16,579 16,579 
Fidelity Series Short-Term Credit Fund (a) 521 5,209 
TOTAL SHORT-TERM FUNDS   
(Cost $21,788)  21,788 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $100,968)  102,290 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $102,290 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $780 $63 $-- $-- $30 $747 
Fidelity Series 1000 Value Index Fund -- 940 69 -- -- 35 906 
Fidelity Series All-Sector Equity Fund -- 1,450 100 -- -- 47 1,397 
Fidelity Series Blue Chip Growth Fund -- 1,634 131 (1) (72) 1,430 
Fidelity Series Canada Fund -- 379 -- -- -- 13 392 
Fidelity Series Commodity Strategy Fund -- 2,002 29 -- 53 2,026 
Fidelity Series Emerging Markets Debt Fund -- 765 -- 15 -- 769 
Fidelity Series Emerging Markets Fund -- 5,630 1,197 -- 91 353 4,877 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 16,579 -- 52 -- -- 16,579 
Fidelity Series Growth & Income Fund -- 3,412 205 11 -- 67 3,274 
Fidelity Series Growth Company Fund -- 2,999 288 -- (3) 145 2,853 
Fidelity Series High Income Fund -- 1,537 27 -- 1,537 
Fidelity Series Inflation-Protected Bond Index Fund -- 3,355 -- -- (3) 3,352 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 4,029 260 -- 123 3,898 
Fidelity Series International Small Cap Fund -- 920 25 -- -- 43 938 
Fidelity Series International Value Fund -- 3,990 255 -- 174 3,911 
Fidelity Series Intrinsic Opportunities Fund -- 3,430 72 24 53 3,412 
Fidelity Series Investment Grade Bond Fund -- 34,249 -- 272 -- 90 34,339 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,947 -- -- (9) 1,938 
Fidelity Series Opportunistic Insights Fund -- 1,650 137 -- (1) 64 1,576 
Fidelity Series Real Estate Equity Fund -- 311 24 -- (4) 283 
Fidelity Series Real Estate Income Fund -- 490 -- -- -- 490 
Fidelity Series Short-Term Credit Fund -- 5,209 -- 28 -- -- 5,209 
Fidelity Series Small Cap Discovery Fund -- 442 33 -- 11 420 
Fidelity Series Small Cap Opportunities Fund -- 1,412 88 -- (28) 1,296 
Fidelity Series Stock Selector Large Cap Value Fund -- 2,520 171 -- 100 2,450 
Fidelity Series Value Discovery Fund -- 3,258 1,601 16 12 28 1,697 
Total $-- $105,614 $4,754 $479 $108 $1,322 $102,290 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $100,968) — See accompanying schedule  $102,290 
Total assets  102,290 
Net Assets  $102,290 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  479 
Accumulated undistributed net realized gain (loss) on investments  489 
Net unrealized appreciation (depreciation) on investments  1,322 
Net Assets, for 10,000 shares outstanding  $102,290 
Net Asset Value, offering price and redemption price per share ($102,290 ÷ 10,000 shares)  $10.23 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $479 
Net investment income (loss)  479 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $108  
Capital gain distributions from underlying funds 381  
Total net realized gain (loss)  489 
Change in net unrealized appreciation (depreciation) on underlying funds  1,322 
Net gain (loss)  1,811 
Net increase (decrease) in net assets resulting from operations  $2,290 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $479 
Net realized gain (loss) 489 
Change in net unrealized appreciation (depreciation) 1,322 
Net increase (decrease) in net assets resulting from operations 2,290 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 102,290 
Net Assets  
Beginning of period – 
End of period $102,290 
Other Information  
Undistributed net investment income end of period $479 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2005 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .18 
Total from investment operations .23 
Net asset value, end of period $10.23 
Total ReturnC 2.30% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.51%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateD 5%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 30.1 
Fidelity Series Government Money Market Fund 1.09% 12.5 
Fidelity Series Emerging Markets Fund 5.7 
Fidelity Series International Value Fund 4.8 
Fidelity Series International Growth Fund 4.6 
Fidelity Series Intrinsic Opportunities Fund 4.2 
Fidelity Series Growth & Income Fund 4.2 
Fidelity Series Short-Term Credit Fund 3.9 
Fidelity Series Growth Company Fund 3.6 
Fidelity Series Stock Selector Large Cap Value Fund 3.1 
 76.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.4% 
   International Equity Funds 16.6% 
   Bond Funds 37.6% 
   Short-Term Funds 16.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.4%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 58 $967 
Fidelity Series 1000 Value Index Fund (a) 93 1,173 
Fidelity Series All-Sector Equity Fund (a) 136 1,815 
Fidelity Series Blue Chip Growth Fund (a) 140 1,857 
Fidelity Series Commodity Strategy Fund (a) 388 2,030 
Fidelity Series Growth & Income Fund (a) 280 4,255 
Fidelity Series Growth Company Fund (a) 216 3,706 
Fidelity Series Intrinsic Opportunities Fund (a) 253 4,349 
Fidelity Series Opportunistic Insights Fund (a) 112 2,047 
Fidelity Series Real Estate Equity Fund (a) 28 366 
Fidelity Series Small Cap Discovery Fund (a) 45 545 
Fidelity Series Small Cap Opportunities Fund (a) 120 1,683 
Fidelity Series Stock Selector Large Cap Value Fund (a) 238 3,166 
Fidelity Series Value Discovery Fund (a) 164 2,205 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $29,496)  30,164 
International Equity Funds - 16.6%   
Fidelity Series Canada Fund (a) 35 375 
Fidelity Series Emerging Markets Fund (a) 283 5,821 
Fidelity Series International Growth Fund (a) 298 4,738 
Fidelity Series International Small Cap Fund (a) 64 1,154 
Fidelity Series International Value Fund (a) 462 4,977 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $16,206)  17,065 
Bond Funds - 37.6%   
Fidelity Series Emerging Markets Debt Fund (a) 73 759 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 158 1,540 
Fidelity Series Inflation-Protected Bond Index Fund (a) 271 2,681 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 2,735 30,933 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 222 1,951 
Fidelity Series Real Estate Income Fund (a) 43 479 
TOTAL BOND FUNDS   
(Cost $38,558)  38,637 
Short-Term Funds - 16.4%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 12,829 12,829 
Fidelity Series Short-Term Credit Fund (a) 397 3,962 
TOTAL SHORT-TERM FUNDS   
(Cost $16,791)  16,791 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,051)  102,657 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $102,657 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $990 $63 $-- $-- $40 $967 
Fidelity Series 1000 Value Index Fund -- 1,200 72 -- -- 45 1,173 
Fidelity Series All-Sector Equity Fund -- 1,860 106 -- -- 61 1,815 
Fidelity Series Blue Chip Growth Fund -- 2,094 143 (2) (92) 1,857 
Fidelity Series Canada Fund -- 360 -- -- -- 15 375 
Fidelity Series Commodity Strategy Fund -- 2,001 24 52 2,030 
Fidelity Series Emerging Markets Debt Fund -- 755 -- 15 -- 759 
Fidelity Series Emerging Markets Fund -- 6,540 1,232 -- 93 420 5,821 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 12,829 -- 42 -- -- 12,829 
Fidelity Series Growth & Income Fund -- 4,318 150 14 -- 87 4,255 
Fidelity Series Growth Company Fund -- 3,850 328 -- (4) 188 3,706 
Fidelity Series High Income Fund -- 1,537 28 -- 1,540 
Fidelity Series Inflation-Protected Bond Index Fund -- 2,683 -- -- (2) 2,681 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 4,950 364 -- 149 4,738 
Fidelity Series International Small Cap Fund -- 1,140 39 -- 52 1,154 
Fidelity Series International Value Fund -- 4,890 138 -- 222 4,977 
Fidelity Series Intrinsic Opportunities Fund -- 4,310 29 31 -- 68 4,349 
Fidelity Series Investment Grade Bond Fund -- 30,870 16 246 -- 79 30,933 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,960 -- -- (9) 1,951 
Fidelity Series Opportunistic Insights Fund -- 2,110 145 -- (1) 83 2,047 
Fidelity Series Real Estate Equity Fund -- 393 22 -- (5) 366 
Fidelity Series Real Estate Income Fund -- 490 11 -- -- 479 
Fidelity Series Short-Term Credit Fund -- 3,962 -- 22 -- -- 3,962 
Fidelity Series Small Cap Discovery Fund -- 562 32 -- 15 545 
Fidelity Series Small Cap Opportunities Fund -- 1,799 79 (1) (36) 1,683 
Fidelity Series Stock Selector Large Cap Value Fund -- 3,220 184 -- 129 3,166 
Fidelity Series Value Discovery Fund -- 4,171 2,018 21 16 36 2,205 
Total $-- $106,139 $5,198 $450 $110 $1,606 $102,657 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,051) — See accompanying schedule  $102,657 
Total assets  102,657 
Net Assets  $102,657 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  450 
Accumulated undistributed net realized gain (loss) on investments  601 
Net unrealized appreciation (depreciation) on investments  1,606 
Net Assets, for 10,000 shares outstanding  $102,657 
Net Asset Value, offering price and redemption price per share ($102,657 ÷ 10,000 shares)  $10.27 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $450 
Net investment income (loss)  450 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $110  
Capital gain distributions from underlying funds 491  
Total net realized gain (loss)  601 
Change in net unrealized appreciation (depreciation) on underlying funds  1,606 
Net gain (loss)  2,207 
Net increase (decrease) in net assets resulting from operations  $2,657 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $450 
Net realized gain (loss) 601 
Change in net unrealized appreciation (depreciation) 1,606 
Net increase (decrease) in net assets resulting from operations 2,657 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 102,657 
Net Assets  
Beginning of period – 
End of period $102,657 
Other Information  
Undistributed net investment income end of period $450 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2010 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .22 
Total from investment operations .27 
Net asset value, end of period $10.27 
Total ReturnC 2.70% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.42%F 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateD 5%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 26.5 
Fidelity Series Government Money Market Fund 1.09% 9.1 
Fidelity Series Emerging Markets Fund 6.3 
Fidelity Series International Value Fund 5.6 
Fidelity Series International Growth Fund 5.5 
Fidelity Series Intrinsic Opportunities Fund 5.1 
Fidelity Series Growth & Income Fund 5.1 
Fidelity Series Growth Company Fund 4.4 
Fidelity Series Stock Selector Large Cap Value Fund 3.8 
Fidelity Series Short-Term Credit Fund 2.7 
 74.1 

Asset Allocation (% of fund's investments)

Period end 
   Domestic Equity Funds 35.7% 
   International Equity Funds 19.3% 
   Bond Funds 33.2% 
   Short-Term Funds 11.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.7%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 72 $1,199 
Fidelity Series 1000 Value Index Fund (a) 115 1,445 
Fidelity Series All-Sector Equity Fund (a) 168 2,242 
Fidelity Series Blue Chip Growth Fund (a) 173 2,294 
Fidelity Series Commodity Strategy Fund (a) 393 2,053 
Fidelity Series Growth & Income Fund (a) 346 5,257 
Fidelity Series Growth Company Fund (a) 267 4,578 
Fidelity Series Intrinsic Opportunities Fund (a) 308 5,300 
Fidelity Series Opportunistic Insights Fund (a) 139 2,528 
Fidelity Series Real Estate Equity Fund (a) 35 452 
Fidelity Series Small Cap Discovery Fund (a) 56 674 
Fidelity Series Small Cap Opportunities Fund (a) 149 2,079 
Fidelity Series Stock Selector Large Cap Value Fund (a) 294 3,912 
Fidelity Series Value Discovery Fund (a) 203 2,725 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $35,924)  36,738 
International Equity Funds - 19.3%   
Fidelity Series Canada Fund (a) 54 576 
Fidelity Series Emerging Markets Fund (a) 318 6,543 
Fidelity Series International Growth Fund (a) 360 5,714 
Fidelity Series International Small Cap Fund (a) 77 1,376 
Fidelity Series International Value Fund (a) 532 5,735 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $18,953)  19,944 
Bond Funds - 33.2%   
Fidelity Series Emerging Markets Debt Fund (a) 71 739 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 157 1,533 
Fidelity Series Inflation-Protected Bond Index Fund (a) 190 1,877 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 2,415 27,314 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 221 1,947 
Fidelity Series Real Estate Income Fund (a) 43 480 
TOTAL BOND FUNDS   
(Cost $34,115)  34,184 
Short-Term Funds - 11.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 9,319 9,319 
Fidelity Series Short-Term Credit Fund (a) 283 2,826 
TOTAL SHORT-TERM FUNDS   
(Cost $12,145)  12,145 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,137)  103,011 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $103,011 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $1,210 $60 $-- $-- $49 $1,199 
Fidelity Series 1000 Value Index Fund -- 1,460 71 -- 55 1,445 
Fidelity Series All-Sector Equity Fund -- 2,270 103 -- -- 75 2,242 
Fidelity Series Blue Chip Growth Fund -- 2,561 151 (2) (114) 2,294 
Fidelity Series Canada Fund -- 555 -- -- -- 21 576 
Fidelity Series Commodity Strategy Fund -- 2,000 -- -- 53 2,053 
Fidelity Series Emerging Markets Debt Fund -- 734 -- 14 -- 739 
Fidelity Series Emerging Markets Fund -- 7,200 1,222 -- 92 473 6,543 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 9,319 -- 29 -- -- 9,319 
Fidelity Series Growth & Income Fund -- 5,260 110 18 -- 107 5,257 
Fidelity Series Growth Company Fund -- 4,700 350 -- (4) 232 4,578 
Fidelity Series High Income Fund -- 1,527 -- 27 -- 1,533 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,879 -- -- (2) 1,877 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 5,900 370 -- 180 5,714 
Fidelity Series International Small Cap Fund -- 1,370 57 -- 62 1,376 
Fidelity Series International Value Fund -- 5,827 350 -- 256 5,735 
Fidelity Series Intrinsic Opportunities Fund -- 5,297 81 38 -- 84 5,300 
Fidelity Series Investment Grade Bond Fund -- 27,245 -- 215 -- 69 27,314 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,956 -- -- (9) 1,947 
Fidelity Series Opportunistic Insights Fund -- 2,580 153 -- (1) 102 2,528 
Fidelity Series Real Estate Equity Fund -- 476 18 -- (6) 452 
Fidelity Series Real Estate Income Fund -- 480 -- -- -- 480 
Fidelity Series Short-Term Credit Fund -- 2,826 -- 16 -- -- 2,826 
Fidelity Series Small Cap Discovery Fund -- 693 37 -- 18 674 
Fidelity Series Small Cap Opportunities Fund -- 2,167 42 -- (46) 2,079 
Fidelity Series Stock Selector Large Cap Value Fund -- 3,909 157 -- 159 3,912 
Fidelity Series Value Discovery Fund -- 5,168 2,508 26 19 46 2,725 
Total $-- $106,864 $5,840 $419 $113 $1,874 $103,011 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,137) — See accompanying schedule  $103,011 
Total assets  103,011 
Net Assets  $103,011 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  419 
Accumulated undistributed net realized gain (loss) on investments  718 
Net unrealized appreciation (depreciation) on investments  1,874 
Net Assets, for 10,000 shares outstanding  $103,011 
Net Asset Value, offering price and redemption price per share ($103,011 ÷ 10,000 shares)  $10.30 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $419 
Net investment income (loss)  419 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $113  
Capital gain distributions from underlying funds 605  
Total net realized gain (loss)  718 
Change in net unrealized appreciation (depreciation) on underlying funds  1,874 
Net gain (loss)  2,592 
Net increase (decrease) in net assets resulting from operations  $3,011 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $419 
Net realized gain (loss) 718 
Change in net unrealized appreciation (depreciation) 1,874 
Net increase (decrease) in net assets resulting from operations 3,011 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 103,011 
Net Assets  
Beginning of period – 
End of period $103,011 
Other Information  
Undistributed net investment income end of period $419 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2015 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .04 
Net realized and unrealized gain (loss) .26 
Total from investment operations .30 
Net asset value, end of period $10.30 
Total ReturnC 3.00% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.32%F 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateD 6%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.9 
Fidelity Series Emerging Markets Fund 6.9 
Fidelity Series Government Money Market Fund 1.09% 6.8 
Fidelity Series International Value Fund 6.2 
Fidelity Series International Growth Fund 6.2 
Fidelity Series Growth & Income Fund 5.8 
Fidelity Series Intrinsic Opportunities Fund 5.7 
Fidelity Series Growth Company Fund 5.0 
Fidelity Series Stock Selector Large Cap Value Fund 4.3 
Fidelity Series Value Discovery Fund 3.0 
 73.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 40.0% 
   International Equity Funds 21.4% 
   Bond Funds 29.8% 
   Short-Term Funds 8.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 40.0%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 82 $1,361 
Fidelity Series 1000 Value Index Fund (a) 131 1,646 
Fidelity Series All-Sector Equity Fund (a) 190 2,544 
Fidelity Series Blue Chip Growth Fund (a) 197 2,604 
Fidelity Series Commodity Strategy Fund (a) 389 2,036 
Fidelity Series Growth & Income Fund (a) 392 5,968 
Fidelity Series Growth Company Fund (a) 303 5,197 
Fidelity Series Intrinsic Opportunities Fund (a) 343 5,887 
Fidelity Series Opportunistic Insights Fund (a) 157 2,870 
Fidelity Series Real Estate Equity Fund (a) 40 513 
Fidelity Series Small Cap Discovery Fund (a) 64 765 
Fidelity Series Small Cap Opportunities Fund (a) 169 2,356 
Fidelity Series Stock Selector Large Cap Value Fund (a) 334 4,441 
Fidelity Series Value Discovery Fund (a) 230 3,093 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $40,367)  41,281 
International Equity Funds - 21.4%   
Fidelity Series Canada Fund (a) 61 650 
Fidelity Series Emerging Markets Fund (a) 346 7,133 
Fidelity Series International Growth Fund (a) 399 6,337 
Fidelity Series International Small Cap Fund (a) 86 1,532 
Fidelity Series International Value Fund (a) 595 6,411 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $20,968)  22,063 
Bond Funds - 29.8%   
Fidelity Series Emerging Markets Debt Fund (a) 71 739 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 157 1,533 
Fidelity Series Inflation-Protected Bond Index Fund (a) 110 1,087 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 2,186 24,723 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 218 1,918 
Fidelity Series Real Estate Income Fund (a) 44 490 
TOTAL BOND FUNDS   
(Cost $30,719)  30,784 
Short-Term Funds - 8.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 7,005 7,005 
Fidelity Series Short-Term Credit Fund (a) 213 2,132 
TOTAL SHORT-TERM FUNDS   
(Cost $9,137)  9,137 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,191)  103,265 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $103,265 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $1,380 $75 $-- $-- $56 $1,361 
Fidelity Series 1000 Value Index Fund -- 1,640 57 -- -- 63 1,646 
Fidelity Series All-Sector Equity Fund -- 2,600 141 -- (1) 86 2,544 
Fidelity Series Blue Chip Growth Fund -- 2,936 200 (2) (130) 2,604 
Fidelity Series Canada Fund -- 622 -- -- -- 28 650 
Fidelity Series Commodity Strategy Fund -- 1,999 16 -- 53 2,036 
Fidelity Series Emerging Markets Debt Fund -- 734 -- 14 -- 739 
Fidelity Series Emerging Markets Fund -- 7,680 1,151 -- 88 516 7,133 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 7,005 -- 22 -- -- 7,005 
Fidelity Series Growth & Income Fund -- 5,913 66 20 -- 121 5,968 
Fidelity Series Growth Company Fund -- 5,331 392 -- (5) 263 5,197 
Fidelity Series High Income Fund -- 1,527 -- 27 -- 1,533 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,088 -- -- -- (1) 1,087 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 6,530 398 -- 199 6,337 
Fidelity Series International Small Cap Fund -- 1,510 47 -- 68 1,532 
Fidelity Series International Value Fund -- 6,487 363 -- 285 6,411 
Fidelity Series Intrinsic Opportunities Fund -- 5,810 15 41 -- 92 5,887 
Fidelity Series Investment Grade Bond Fund -- 24,658 -- 196 -- 65 24,723 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,927 -- -- (9) 1,918 
Fidelity Series Opportunistic Insights Fund -- 2,950 194 -- (3) 117 2,870 
Fidelity Series Real Estate Equity Fund -- 539 19 -- (7) 513 
Fidelity Series Real Estate Income Fund -- 490 -- -- -- 490 
Fidelity Series Short-Term Credit Fund -- 2,132 -- 12 -- -- 2,132 
Fidelity Series Small Cap Discovery Fund -- 773 28 -- 20 765 
Fidelity Series Small Cap Opportunities Fund -- 2,437 29 -- (52) 2,356 
Fidelity Series Stock Selector Large Cap Value Fund -- 4,372 112 -- 180 4,441 
Fidelity Series Value Discovery Fund -- 5,860 2,840 30 22 51 3,093 
Total $-- $107,225 $6,143 $400 $109 $2,074 $103,265 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,191) — See accompanying schedule  $103,265 
Total assets  103,265 
Net Assets  $103,265 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  400 
Accumulated undistributed net realized gain (loss) on investments  791 
Net unrealized appreciation (depreciation) on investments  2,074 
Net Assets, for 10,000 shares outstanding  $103,265 
Net Asset Value, offering price and redemption price per share ($103,265 ÷ 10,000 shares)  $10.33 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $400 
Net investment income (loss)  400 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $109  
Capital gain distributions from underlying funds 682  
Total net realized gain (loss)  791 
Change in net unrealized appreciation (depreciation) on underlying funds  2,074 
Net gain (loss)  2,865 
Net increase (decrease) in net assets resulting from operations  $3,265 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $400 
Net realized gain (loss) 791 
Change in net unrealized appreciation (depreciation) 2,074 
Net increase (decrease) in net assets resulting from operations 3,265 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 103,265 
Net Assets  
Beginning of period – 
End of period $103,265 
Other Information  
Undistributed net investment income end of period $400 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2020 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .04 
Net realized and unrealized gain (loss) .29 
Total from investment operations .33 
Net asset value, end of period $10.33 
Total ReturnC 3.30% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.26%F 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateD 6%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 20.6 
Fidelity Series Emerging Markets Fund 7.4 
Fidelity Series International Value Fund 6.8 
Fidelity Series International Growth Fund 6.7 
Fidelity Series Growth & Income Fund 6.4 
Fidelity Series Intrinsic Opportunities Fund 6.3 
Fidelity Series Growth Company Fund 5.6 
Fidelity Series Government Money Market Fund 1.09% 5.1 
Fidelity Series Stock Selector Large Cap Value Fund 4.8 
Fidelity Series Value Discovery Fund 3.3 
 73.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.1% 
   International Equity Funds 23.2% 
   Bond Funds 26.1% 
   Short-Term Funds 6.6% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 91 $1,512 
Fidelity Series 1000 Value Index Fund (a) 145 1,822 
Fidelity Series All-Sector Equity Fund (a) 212 2,836 
Fidelity Series Blue Chip Growth Fund (a) 219 2,902 
Fidelity Series Commodity Strategy Fund (a) 392 2,048 
Fidelity Series Growth & Income Fund (a) 437 6,652 
Fidelity Series Growth Company Fund (a) 337 5,791 
Fidelity Series Intrinsic Opportunities Fund (a) 378 6,501 
Fidelity Series Opportunistic Insights Fund (a) 175 3,198 
Fidelity Series Real Estate Equity Fund (a) 44 572 
Fidelity Series Small Cap Discovery Fund (a) 70 844 
Fidelity Series Small Cap Opportunities Fund (a) 188 2,622 
Fidelity Series Stock Selector Large Cap Value Fund (a) 372 4,949 
Fidelity Series Value Discovery Fund (a) 257 3,448 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $44,688)  45,697 
International Equity Funds - 23.2%   
Fidelity Series Canada Fund (a) 66 703 
Fidelity Series Emerging Markets Fund (a) 371 7,648 
Fidelity Series International Growth Fund (a) 435 6,910 
Fidelity Series International Small Cap Fund (a) 94 1,677 
Fidelity Series International Value Fund (a) 653 7,034 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $22,790)  23,972 
Bond Funds - 26.1%   
Fidelity Series Emerging Markets Debt Fund (a) 70 728 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 156 1,523 
Fidelity Series Inflation-Protected Bond Index Fund (a) 76 750 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 1,884 21,312 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 217 1,912 
Fidelity Series Real Estate Income Fund (a) 43 480 
TOTAL BOND FUNDS   
(Cost $26,941)  26,999 
Short-Term Funds - 6.6%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 5,264 5,264 
Fidelity Series Short-Term Credit Fund (a) 156 1,559 
TOTAL SHORT-TERM FUNDS   
(Cost $6,823)  6,823 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,242)  103,491 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $103,491 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $1,530 $80 $-- $-- $62 $1,512 
Fidelity Series 1000 Value Index Fund -- 1,810 58 -- -- 70 1,822 
Fidelity Series All-Sector Equity Fund -- 2,901 159 -- (1) 95 2,836 
Fidelity Series Blue Chip Growth Fund -- 3,277 228 (3) (144) 2,902 
Fidelity Series Canada Fund -- 678 -- -- -- 25 703 
Fidelity Series Commodity Strategy Fund -- 1,998 -- 53 2,048 
Fidelity Series Emerging Markets Debt Fund -- 724 -- 14 -- 728 
Fidelity Series Emerging Markets Fund -- 8,110 1,100 -- 85 553 7,648 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 5,264 -- 17 -- -- 5,264 
Fidelity Series Growth & Income Fund -- 6,567 49 22 -- 134 6,652 
Fidelity Series Growth Company Fund -- 5,930 432 -- (1) 294 5,791 
Fidelity Series High Income Fund -- 1,517 -- 26 -- 1,523 
Fidelity Series Inflation-Protected Bond Index Fund -- 751 -- -- -- (1) 750 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 7,135 445 -- 217 6,910 
Fidelity Series International Small Cap Fund -- 1,650 49 -- 75 1,677 
Fidelity Series International Value Fund -- 7,040 324 -- 314 7,034 
Fidelity Series Intrinsic Opportunities Fund -- 6,400 -- 45 -- 101 6,501 
Fidelity Series Investment Grade Bond Fund -- 21,256 -- 169 -- 56 21,312 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,921 -- -- (9) 1,912 
Fidelity Series Opportunistic Insights Fund -- 3,279 209 -- (2) 130 3,198 
Fidelity Series Real Estate Equity Fund -- 593 13 -- (8) 572 
Fidelity Series Real Estate Income Fund -- 480 -- -- -- 480 
Fidelity Series Short-Term Credit Fund -- 1,559 -- -- -- 1,559 
Fidelity Series Small Cap Discovery Fund -- 854 33 -- 23 844 
Fidelity Series Small Cap Opportunities Fund -- 2,725 45 -- (58) 2,622 
Fidelity Series Stock Selector Large Cap Value Fund -- 4,866 118 -- -- 201 4,949 
Fidelity Series Value Discovery Fund -- 6,510 3,143 33 24 57 3,448 
Total $-- $107,620 $6,488 $373 $110 $2,249 $103,491 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,242) — See accompanying schedule  $103,491 
Total assets  103,491 
Net Assets  $103,491 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  373 
Accumulated undistributed net realized gain (loss) on investments  869 
Net unrealized appreciation (depreciation) on investments  2,249 
Net Assets, for 10,000 shares outstanding  $103,491 
Net Asset Value, offering price and redemption price per share ($103,491 ÷ 10,000 shares)  $10.35 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $373 
Net investment income (loss)  373 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $110  
Capital gain distributions from underlying funds 759  
Total net realized gain (loss)  869 
Change in net unrealized appreciation (depreciation) on underlying funds  2,249 
Net gain (loss)  3,118 
Net increase (decrease) in net assets resulting from operations  $3,491 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $373 
Net realized gain (loss) 869 
Change in net unrealized appreciation (depreciation) 2,249 
Net increase (decrease) in net assets resulting from operations 3,491 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 103,491 
Net Assets  
Beginning of period – 
End of period $103,491 
Other Information  
Undistributed net investment income end of period $373 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2025 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .04 
Net realized and unrealized gain (loss) .31 
Total from investment operations .35 
Net asset value, end of period $10.35 
Total ReturnC 3.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) 1.17%F 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateD 6%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 12.9 
Fidelity Series Emerging Markets Fund 8.3 
Fidelity Series International Value Fund 8.1 
Fidelity Series International Growth Fund 8.0 
Fidelity Series Growth & Income Fund 7.8 
Fidelity Series Intrinsic Opportunities Fund 7.6 
Fidelity Series Growth Company Fund 6.8 
Fidelity Series Stock Selector Large Cap Value Fund 5.9 
Fidelity Series Value Discovery Fund 4.1 
Fidelity Series Opportunistic Insights Fund 3.8 
 73.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.4% 
   International Equity Funds 27.1% 
   Bond Funds 18.5% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.4%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 112 $1,860 
Fidelity Series 1000 Value Index Fund (a) 179 2,251 
Fidelity Series All-Sector Equity Fund (a) 260 3,477 
Fidelity Series Blue Chip Growth Fund (a) 269 3,559 
Fidelity Series Commodity Strategy Fund (a) 382 1,995 
Fidelity Series Growth & Income Fund (a) 536 8,160 
Fidelity Series Growth Company Fund (a) 414 7,111 
Fidelity Series Intrinsic Opportunities Fund (a) 459 7,886 
Fidelity Series Opportunistic Insights Fund (a) 215 3,922 
Fidelity Series Real Estate Equity Fund (a) 54 702 
Fidelity Series Small Cap Discovery Fund (a) 87 1,045 
Fidelity Series Small Cap Opportunities Fund (a) 230 3,216 
Fidelity Series Stock Selector Large Cap Value Fund (a) 459 6,095 
Fidelity Series Value Discovery Fund (a) 315 4,228 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $54,285)  55,507 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 80 850 
Fidelity Series Emerging Markets Fund (a) 421 8,668 
Fidelity Series International Growth Fund (a) 521 8,285 
Fidelity Series International Small Cap Fund (a) 112 2,005 
Fidelity Series International Value Fund (a) 779 8,385 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $26,803)  28,193 
Bond Funds - 18.5%   
Fidelity Series Emerging Markets Debt Fund (a) 69 718 
Fidelity Series Floating Rate High Income Fund (a) 24 232 
Fidelity Series High Income Fund (a) 154 1,502 
Fidelity Series Inflation-Protected Bond Index Fund (a) 83 817 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 1,184 13,396 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 229 2,011 
Fidelity Series Real Estate Income Fund (a) 43 480 
TOTAL BOND FUNDS   
(Cost $19,170)  19,207 
Short-Term Funds - 1.0%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 858 858 
Fidelity Series Short-Term Credit Fund (a) 24 241 
TOTAL SHORT-TERM FUNDS   
(Cost $1,099)  1,099 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,357)  104,006 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $104,005 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $1,860 $76 $-- $-- $76 $1,860 
Fidelity Series 1000 Value Index Fund -- 2,206 41 -- -- 86 2,251 
Fidelity Series All-Sector Equity Fund -- 3,540 180 -- -- 117 3,477 
Fidelity Series Blue Chip Growth Fund -- 4,027 287 (4) (177) 3,559 
Fidelity Series Canada Fund -- 809 -- -- -- 41 850 
Fidelity Series Commodity Strategy Fund -- 1,944 -- -- 51 1,995 
Fidelity Series Emerging Markets Debt Fund -- 714 -- 14 -- 718 
Fidelity Series Emerging Markets Fund -- 9,130 1,181 -- 92 627 8,668 
Fidelity Series Floating Rate High Income Fund -- 233 -- -- (1) 232 
Fidelity Series Government Money Market Fund 1.09% -- 858 -- -- -- 858 
Fidelity Series Growth & Income Fund -- 8,012 16 27 -- 164 8,160 
Fidelity Series Growth Company Fund -- 7,270 512 -- (7) 360 7,111 
Fidelity Series High Income Fund -- 1,496 -- 26 -- 1,502 
Fidelity Series Inflation-Protected Bond Index Fund -- 851 33 -- -- (1) 817 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 8,510 489 -- 261 8,285 
Fidelity Series International Small Cap Fund -- 1,961 47 -- 90 2,005 
Fidelity Series International Value Fund -- 8,453 444 -- 373 8,385 
Fidelity Series Intrinsic Opportunities Fund -- 7,764 -- 56 -- 122 7,886 
Fidelity Series Investment Grade Bond Fund -- 13,359 -- 105 -- 37 13,396 
Fidelity Series Long-Term Treasury Bond Index Fund -- 2,021 -- -- (10) 2,011 
Fidelity Series Opportunistic Insights Fund -- 4,040 274 -- (3) 159 3,922 
Fidelity Series Real Estate Equity Fund -- 727 15 -- (10) 702 
Fidelity Series Real Estate Income Fund -- 480 -- -- -- 480 
Fidelity Series Short-Term Credit Fund -- 241 -- -- -- 241 
Fidelity Series Small Cap Discovery Fund -- 1,045 28 -- 28 1,045 
Fidelity Series Small Cap Opportunities Fund -- 3,307 21 -- (70) 3,216 
Fidelity Series Stock Selector Large Cap Value Fund -- 5,951 103 -- -- 247 6,095 
Fidelity Series Value Discovery Fund -- 7,961 3,832 41 30 69 4,228 
Total $-- $108,821 $7,579 $314 $115 $2,649 $104,006 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,357) — See accompanying schedule  $104,006 
Total assets  104,006 
Liabilities   
Payable for investments purchased $1  
Total liabilities  
Net Assets  $104,005 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  314 
Accumulated undistributed net realized gain (loss) on investments  1,042 
Net unrealized appreciation (depreciation) on investments  2,649 
Net Assets, for 10,000 shares outstanding  $104,005 
Net Asset Value, offering price and redemption price per share ($104,005 ÷ 10,000 shares)  $10.40 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $314 
Net investment income (loss)  314 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $115  
Capital gain distributions from underlying funds 927  
Total net realized gain (loss)  1,042 
Change in net unrealized appreciation (depreciation) on underlying funds  2,649 
Net gain (loss)  3,691 
Net increase (decrease) in net assets resulting from operations  $4,005 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $314 
Net realized gain (loss) 1,042 
Change in net unrealized appreciation (depreciation) 2,649 
Net increase (decrease) in net assets resulting from operations 4,005 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,005 
Net Assets  
Beginning of period – 
End of period $104,005 
Other Information  
Undistributed net investment income end of period $314 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2030 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .37 
Total from investment operations .40 
Net asset value, end of period $10.40 
Total ReturnC 4.00% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .99%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 7%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.3 
Fidelity Series International Value Fund 9.2 
Fidelity Series International Growth Fund 9.0 
Fidelity Series Growth & Income Fund 9.0 
Fidelity Series Intrinsic Opportunities Fund 8.7 
Fidelity Series Growth Company Fund 7.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.7 
Fidelity Series Opportunistic Insights Fund 4.3 
Fidelity Series Blue Chip Growth Fund 3.9 
 72.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.2% 
   International Equity Funds 30.6% 
   Bond Funds 7.1% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 130 $2,147 
Fidelity Series 1000 Value Index Fund (a) 208 2,609 
Fidelity Series All-Sector Equity Fund (a) 301 4,023 
Fidelity Series Blue Chip Growth Fund (a) 311 4,117 
Fidelity Series Commodity Strategy Fund (a) 388 2,031 
Fidelity Series Growth & Income Fund (a) 619 9,415 
Fidelity Series Growth Company Fund (a) 483 8,286 
Fidelity Series Intrinsic Opportunities Fund (a) 530 9,111 
Fidelity Series Opportunistic Insights Fund (a) 249 4,543 
Fidelity Series Real Estate Equity Fund (a) 63 812 
Fidelity Series Small Cap Discovery Fund (a) 101 1,209 
Fidelity Series Small Cap Opportunities Fund (a) 264 3,690 
Fidelity Series Stock Selector Large Cap Value Fund (a) 531 7,053 
Fidelity Series Value Discovery Fund (a) 365 4,894 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $62,531)  63,940 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 92 974 
Fidelity Series Emerging Markets Fund (a) 470 9,687 
Fidelity Series International Growth Fund (a) 595 9,452 
Fidelity Series International Small Cap Fund (a) 128 2,286 
Fidelity Series International Value Fund (a) 889 9,572 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,391)  31,971 
Bond Funds - 7.1%   
Fidelity Series Emerging Markets Debt Fund (a) 68 708 
Fidelity Series Floating Rate High Income Fund (a) 24 232 
Fidelity Series High Income Fund (a) 153 1,492 
Fidelity Series Inflation-Protected Bond Index Fund (a) 82 810 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 154 1,738 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 215 1,892 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $7,387)  7,393 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 864 864 
Fidelity Series Short-Term Credit Fund (a) 24 241 
TOTAL SHORT-TERM FUNDS   
(Cost $1,105)  1,105 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,414)  104,409 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,409 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,121 $62 $-- $-- $88 $2,147 
Fidelity Series 1000 Value Index Fund -- 2,515 -- -- 99 2,609 
Fidelity Series All-Sector Equity Fund -- 4,041 152 -- (1) 135 4,023 
Fidelity Series Blue Chip Growth Fund -- 4,698 370 (6) (205) 4,117 
Fidelity Series Canada Fund -- 919 -- -- -- 55 974 
Fidelity Series Commodity Strategy Fund -- 1,978 -- -- 53 2,031 
Fidelity Series Emerging Markets Debt Fund -- 704 -- 14 -- 708 
Fidelity Series Emerging Markets Fund -- 9,927 1,024 -- 81 703 9,687 
Fidelity Series Floating Rate High Income Fund -- 233 -- -- (1) 232 
Fidelity Series Government Money Market Fund 1.09% -- 864 -- -- -- 864 
Fidelity Series Growth & Income Fund -- 9,226 -- 31 -- 189 9,415 
Fidelity Series Growth Company Fund -- 8,380 508 -- (6) 420 8,286 
Fidelity Series High Income Fund -- 1,486 -- 26 -- 1,492 
Fidelity Series Inflation-Protected Bond Index Fund -- 811 -- -- -- (1) 810 
Fidelity Series International Credit Fund -- 51 -- -- -- -- 51 
Fidelity Series International Growth Fund -- 9,675 521 -- 297 9,452 
Fidelity Series International Small Cap Fund -- 2,240 57 -- 102 2,286 
Fidelity Series International Value Fund -- 9,660 516 -- 426 9,572 
Fidelity Series Intrinsic Opportunities Fund -- 8,971 -- 64 -- 140 9,111 
Fidelity Series Investment Grade Bond Fund -- 1,733 -- 13 -- 1,738 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,901 -- -- (9) 1,892 
Fidelity Series Opportunistic Insights Fund -- 4,690 326 -- (5) 184 4,543 
Fidelity Series Real Estate Equity Fund -- 838 15 -- (11) 812 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 241 -- -- -- 241 
Fidelity Series Small Cap Discovery Fund -- 1,186 -- 32 1,209 
Fidelity Series Small Cap Opportunities Fund -- 3,771 -- -- (81) 3,690 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,812 44 -- -- 285 7,053 
Fidelity Series Value Discovery Fund -- 9,258 4,478 47 34 80 4,894 
Total $-- $109,400 $8,087 $244 $101 $2,995 $104,409 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,414) — See accompanying schedule  $104,409 
Total assets  104,409 
Net Assets  $104,409 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  244 
Accumulated undistributed net realized gain (loss) on investments  1,170 
Net unrealized appreciation (depreciation) on investments  2,995 
Net Assets, for 10,000 shares outstanding  $104,409 
Net Asset Value, offering price and redemption price per share ($104,409 ÷ 10,000 shares)  $10.44 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $244 
Net investment income (loss)  244 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $101  
Capital gain distributions from underlying funds 1,069  
Total net realized gain (loss)  1,170 
Change in net unrealized appreciation (depreciation) on underlying funds  2,995 
Net gain (loss)  4,165 
Net increase (decrease) in net assets resulting from operations  $4,409 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $244 
Net realized gain (loss) 1,170 
Change in net unrealized appreciation (depreciation) 2,995 
Net increase (decrease) in net assets resulting from operations 4,409 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,409 
Net Assets  
Beginning of period – 
End of period $104,409 
Other Information  
Undistributed net investment income end of period $244 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2035 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .42 
Total from investment operations .44 
Net asset value, end of period $10.44 
Total ReturnC 4.40% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .76%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.5 
Fidelity Series International Value Fund 9.3 
Fidelity Series Growth & Income Fund 9.2 
Fidelity Series International Growth Fund 9.2 
Fidelity Series Intrinsic Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.0 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Blue Chip Growth Fund 4.0 
 74.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 131 $2,179 
Fidelity Series 1000 Value Index Fund (a) 211 2,645 
Fidelity Series All-Sector Equity Fund (a) 305 4,084 
Fidelity Series Blue Chip Growth Fund (a) 316 4,180 
Fidelity Series Commodity Strategy Fund (a) 392 2,048 
Fidelity Series Growth & Income Fund (a) 630 9,589 
Fidelity Series Growth Company Fund (a) 490 8,411 
Fidelity Series Intrinsic Opportunities Fund (a) 537 9,226 
Fidelity Series Opportunistic Insights Fund (a) 253 4,606 
Fidelity Series Real Estate Equity Fund (a) 63 807 
Fidelity Series Small Cap Discovery Fund (a) 102 1,227 
Fidelity Series Small Cap Opportunities Fund (a) 271 3,787 
Fidelity Series Stock Selector Large Cap Value Fund (a) 537 7,135 
Fidelity Series Value Discovery Fund (a) 370 4,970 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $63,468)  64,894 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 93 986 
Fidelity Series Emerging Markets Fund (a) 483 9,944 
Fidelity Series International Growth Fund (a) 602 9,573 
Fidelity Series International Small Cap Fund (a) 130 2,321 
Fidelity Series International Value Fund (a) 899 9,680 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,893)  32,504 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 68 708 
Fidelity Series Floating Rate High Income Fund (a) 24 232 
Fidelity Series High Income Fund (a) 155 1,512 
Fidelity Series Inflation-Protected Bond Index Fund (a) 83 818 
Fidelity Series International Credit Fund (a) 34 
Fidelity Series Investment Grade Bond Fund (a) 44 495 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 192 1,690 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $5,958)  5,959 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 843 843 
Fidelity Series Short-Term Credit Fund (a) 25 251 
TOTAL SHORT-TERM FUNDS   
(Cost $1,094)  1,094 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,413)  104,451 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,451 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,140 $50 $-- $-- $89 $2,179 
Fidelity Series 1000 Value Index Fund -- 2,547 -- -- 100 2,645 
Fidelity Series All-Sector Equity Fund -- 4,071 125 -- 137 4,084 
Fidelity Series Blue Chip Growth Fund -- 4,735 341 10 (6) (208) 4,180 
Fidelity Series Canada Fund -- 931 -- -- 56 986 
Fidelity Series Commodity Strategy Fund -- 1,996 -- 53 2,048 
Fidelity Series Emerging Markets Debt Fund -- 704 -- 14 -- 708 
Fidelity Series Emerging Markets Fund -- 9,980 823 -- 67 720 9,944 
Fidelity Series Floating Rate High Income Fund -- 233 -- -- (1) 232 
Fidelity Series Government Money Market Fund 1.09% -- 843 -- -- -- 843 
Fidelity Series Growth & Income Fund -- 9,411 13 32 -- 191 9,589 
Fidelity Series Growth Company Fund -- 8,490 495 -- (10) 426 8,411 
Fidelity Series High Income Fund -- 1,506 -- 26 -- 1,512 
Fidelity Series Inflation-Protected Bond Index Fund -- 830 11 -- -- (1) 818 
Fidelity Series International Credit Fund -- 34 -- -- -- -- 34 
Fidelity Series International Growth Fund -- 9,770 498 -- -- 301 9,573 
Fidelity Series International Small Cap Fund -- 2,260 44 -- 104 2,321 
Fidelity Series International Value Fund -- 9,717 470 -- 431 9,680 
Fidelity Series Intrinsic Opportunities Fund -- 9,085 -- 64 -- 141 9,226 
Fidelity Series Investment Grade Bond Fund -- 504 10 -- 495 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,710 12 -- (8) 1,690 
Fidelity Series Opportunistic Insights Fund -- 4,720 297 -- (4) 187 4,606 
Fidelity Series Real Estate Equity Fund -- 828 10 -- (11) 807 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 251 -- -- -- 251 
Fidelity Series Small Cap Discovery Fund -- 1,194 -- -- 33 1,227 
Fidelity Series Small Cap Opportunities Fund -- 3,870 -- -- (83) 3,787 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,888 41 -- -- 288 7,135 
Fidelity Series Value Discovery Fund -- 9,550 4,698 48 36 82 4,970 
Total $-- $109,268 $7,942 $238 $87 $3,038 $104,451 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,413) — See accompanying schedule  $104,451 
Total assets  104,451 
Net Assets  $104,451 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  238 
Accumulated undistributed net realized gain (loss) on investments  1,175 
Net unrealized appreciation (depreciation) on investments  3,038 
Net Assets, for 10,000 shares outstanding  $104,451 
Net Asset Value, offering price and redemption price per share ($104,451 ÷ 10,000 shares)  $10.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $238 
Net investment income (loss)  238 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $87  
Capital gain distributions from underlying funds 1,088  
Total net realized gain (loss)  1,175 
Change in net unrealized appreciation (depreciation) on underlying funds  3,038 
Net gain (loss)  4,213 
Net increase (decrease) in net assets resulting from operations  $4,451 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $238 
Net realized gain (loss) 1,175 
Change in net unrealized appreciation (depreciation) 3,038 
Net increase (decrease) in net assets resulting from operations 4,451 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,451 
Net Assets  
Beginning of period – 
End of period $104,451 
Other Information  
Undistributed net investment income end of period $238 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2040 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Net asset value, end of period $10.45 
Total ReturnC 4.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .75%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.5 
Fidelity Series International Value Fund 9.3 
Fidelity Series International Growth Fund 9.2 
Fidelity Series Growth & Income Fund 9.1 
Fidelity Series Intrinsic Opportunities Fund 8.9 
Fidelity Series Growth Company Fund 8.1 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Blue Chip Growth Fund 4.0 
 74.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 132 $2,179 
Fidelity Series 1000 Value Index Fund (a) 211 2,645 
Fidelity Series All-Sector Equity Fund (a) 306 4,085 
Fidelity Series Blue Chip Growth Fund (a) 316 4,180 
Fidelity Series Commodity Strategy Fund (a) 389 2,034 
Fidelity Series Growth & Income Fund (a) 628 9,556 
Fidelity Series Growth Company Fund (a) 490 8,413 
Fidelity Series Intrinsic Opportunities Fund (a) 541 9,295 
Fidelity Series Opportunistic Insights Fund (a) 253 4,606 
Fidelity Series Real Estate Equity Fund (a) 64 825 
Fidelity Series Small Cap Discovery Fund (a) 102 1,228 
Fidelity Series Small Cap Opportunities Fund (a) 267 3,734 
Fidelity Series Stock Selector Large Cap Value Fund (a) 539 7,160 
Fidelity Series Value Discovery Fund (a) 368 4,934 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $63,445)  64,874 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 93 987 
Fidelity Series Emerging Markets Fund (a) 483 9,959 
Fidelity Series International Growth Fund (a) 603 9,574 
Fidelity Series International Small Cap Fund (a) 129 2,318 
Fidelity Series International Value Fund (a) 901 9,706 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,930)  32,544 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 67 697 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 154 1,502 
Fidelity Series Inflation-Protected Bond Index Fund (a) 80 790 
Fidelity Series International Credit Fund (a) 33 
Fidelity Series Investment Grade Bond Fund (a) 44 495 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 194 1,703 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $5,931)  5,933 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 859 859 
Fidelity Series Short-Term Credit Fund (a) 25 251 
TOTAL SHORT-TERM FUNDS   
(Cost $1,110)  1,110 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,416)  104,461 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,461 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,154 $64 $-- $-- $89 $2,179 
Fidelity Series 1000 Value Index Fund -- 2,560 15 -- -- 100 2,645 
Fidelity Series All-Sector Equity Fund -- 4,085 136 -- (1) 137 4,085 
Fidelity Series Blue Chip Growth Fund -- 4,744 350 10 (6) (208) 4,180 
Fidelity Series Canada Fund -- 932 -- -- 56 987 
Fidelity Series Commodity Strategy Fund -- 1,981 -- -- 53 2,034 
Fidelity Series Emerging Markets Debt Fund -- 693 -- 13 -- 697 
Fidelity Series Emerging Markets Fund -- 9,981 810 -- 68 720 9,959 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 859 -- -- -- 859 
Fidelity Series Growth & Income Fund -- 9,365 -- 31 -- 191 9,556 
Fidelity Series Growth Company Fund -- 8,420 434 -- -- 427 8,413 
Fidelity Series High Income Fund -- 1,496 -- 26 -- 1,502 
Fidelity Series Inflation-Protected Bond Index Fund -- 791 -- -- -- (1) 790 
Fidelity Series International Credit Fund -- 33 -- -- -- -- 33 
Fidelity Series International Growth Fund -- 9,770 497 -- -- 301 9,574 
Fidelity Series International Small Cap Fund -- 2,259 46 -- 104 2,318 
Fidelity Series International Value Fund -- 9,791 518 -- 432 9,706 
Fidelity Series Intrinsic Opportunities Fund -- 9,150 -- 64 -- 145 9,295 
Fidelity Series Investment Grade Bond Fund -- 504 10 -- 495 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,723 12 -- (8) 1,703 
Fidelity Series Opportunistic Insights Fund -- 4,730 306 -- (5) 187 4,606 
Fidelity Series Real Estate Equity Fund -- 846 10 -- (11) 825 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 251 -- -- -- 251 
Fidelity Series Small Cap Discovery Fund -- 1,217 22 -- 33 1,228 
Fidelity Series Small Cap Opportunities Fund -- 3,816 -- -- (82) 3,734 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,895 24 -- -- 289 7,160 
Fidelity Series Value Discovery Fund -- 9,570 4,753 47 36 81 4,934 
Total $-- $109,330 $8,008 $236 $94 $3,045 $104,461 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,416) — See accompanying schedule  $104,461 
Total assets  104,461 
Net Assets  $104,461 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  236 
Accumulated undistributed net realized gain (loss) on investments  1,180 
Net unrealized appreciation (depreciation) on investments  3,045 
Net Assets, for 10,000 shares outstanding  $104,461 
Net Asset Value, offering price and redemption price per share ($104,461 ÷ 10,000 shares)  $10.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $236 
Net investment income (loss)  236 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $94  
Capital gain distributions from underlying funds 1,086  
Total net realized gain (loss)  1,180 
Change in net unrealized appreciation (depreciation) on underlying funds  3,045 
Net gain (loss)  4,225 
Net increase (decrease) in net assets resulting from operations  $4,461 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $236 
Net realized gain (loss) 1,180 
Change in net unrealized appreciation (depreciation) 3,045 
Net increase (decrease) in net assets resulting from operations 4,461 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,461 
Net Assets  
Beginning of period – 
End of period $104,461 
Other Information  
Undistributed net investment income end of period $236 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2045 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Net asset value, end of period $10.45 
Total ReturnC 4.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .74%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.5 
Fidelity Series International Value Fund 9.3 
Fidelity Series Growth & Income Fund 9.2 
Fidelity Series International Growth Fund 9.2 
Fidelity Series Intrinsic Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.0 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Blue Chip Growth Fund 4.0 
 73.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 132 $2,179 
Fidelity Series 1000 Value Index Fund (a) 211 2,645 
Fidelity Series All-Sector Equity Fund (a) 310 4,147 
Fidelity Series Blue Chip Growth Fund (a) 316 4,180 
Fidelity Series Commodity Strategy Fund (a) 392 2,048 
Fidelity Series Growth & Income Fund (a) 630 9,589 
Fidelity Series Growth Company Fund (a) 486 8,340 
Fidelity Series Intrinsic Opportunities Fund (a) 538 9,250 
Fidelity Series Opportunistic Insights Fund (a) 253 4,606 
Fidelity Series Real Estate Equity Fund (a) 63 807 
Fidelity Series Small Cap Discovery Fund (a) 102 1,227 
Fidelity Series Small Cap Opportunities Fund (a) 270 3,779 
Fidelity Series Stock Selector Large Cap Value Fund (a) 537 7,135 
Fidelity Series Value Discovery Fund (a) 370 4,970 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $63,478)  64,902 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 93 986 
Fidelity Series Emerging Markets Fund (a) 483 9,955 
Fidelity Series International Growth Fund (a) 602 9,573 
Fidelity Series International Small Cap Fund (a) 129 2,318 
Fidelity Series International Value Fund (a) 899 9,684 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,903)  32,516 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 67 697 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 154 1,502 
Fidelity Series Inflation-Protected Bond Index Fund (a) 80 790 
Fidelity Series International Credit Fund (a) 34 
Fidelity Series Investment Grade Bond Fund (a) 44 495 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 193 1,700 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $5,928)  5,931 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 854 854 
Fidelity Series Short-Term Credit Fund (a) 25 251 
TOTAL SHORT-TERM FUNDS   
(Cost $1,105)  1,105 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,414)  104,454 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,454 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,140 $50 $-- $-- $89 $2,179 
Fidelity Series 1000 Value Index Fund -- 2,548 -- -- 101 2,645 
Fidelity Series All-Sector Equity Fund -- 4,080 72 -- (1) 140 4,147 
Fidelity Series Blue Chip Growth Fund -- 4,721 326 (7) (208) 4,180 
Fidelity Series Canada Fund -- 931 -- -- 56 986 
Fidelity Series Commodity Strategy Fund -- 1,996 -- 53 2,048 
Fidelity Series Emerging Markets Debt Fund -- 693 -- 13 -- 697 
Fidelity Series Emerging Markets Fund -- 9,981 813 -- 67 720 9,955 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 854 -- -- -- 854 
Fidelity Series Growth & Income Fund -- 9,411 14 32 -- 192 9,589 
Fidelity Series Growth Company Fund -- 8,379 458 -- (4) 423 8,340 
Fidelity Series High Income Fund -- 1,496 -- 26 -- 1,502 
Fidelity Series Inflation-Protected Bond Index Fund -- 791 -- -- -- (1) 790 
Fidelity Series International Credit Fund -- 34 -- -- -- -- 34 
Fidelity Series International Growth Fund -- 9,770 498 -- -- 301 9,573 
Fidelity Series International Small Cap Fund -- 2,259 46 -- 104 2,318 
Fidelity Series International Value Fund -- 9,727 474 -- 429 9,684 
Fidelity Series Intrinsic Opportunities Fund -- 9,108 -- 64 -- 142 9,250 
Fidelity Series Investment Grade Bond Fund -- 504 10 -- 495 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,720 12 -- (8) 1,700 
Fidelity Series Opportunistic Insights Fund -- 4,730 306 -- (5) 187 4,606 
Fidelity Series Real Estate Equity Fund -- 828 10 -- (11) 807 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 251 -- -- -- 251 
Fidelity Series Small Cap Discovery Fund -- 1,195 -- 33 1,227 
Fidelity Series Small Cap Opportunities Fund -- 3,862 -- -- (83) 3,779 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,871 25 -- -- 289 7,135 
Fidelity Series Value Discovery Fund -- 9,558 4,706 48 36 82 4,970 
Total $-- $109,152 $7,827 $237 $89 $3,040 $104,454 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,414) — See accompanying schedule  $104,454 
Total assets  104,454 
Net Assets  $104,454 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  237 
Accumulated undistributed net realized gain (loss) on investments  1,177 
Net unrealized appreciation (depreciation) on investments  3,040 
Net Assets, for 10,000 shares outstanding  $104,454 
Net Asset Value, offering price and redemption price per share ($104,454 ÷ 10,000 shares)  $10.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $237 
Net investment income (loss)  237 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $89  
Capital gain distributions from underlying funds 1,088  
Total net realized gain (loss)  1,177 
Change in net unrealized appreciation (depreciation) on underlying funds  3,040 
Net gain (loss)  4,217 
Net increase (decrease) in net assets resulting from operations  $4,454 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $237 
Net realized gain (loss) 1,177 
Change in net unrealized appreciation (depreciation) 3,040 
Net increase (decrease) in net assets resulting from operations 4,454 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,454 
Net Assets  
Beginning of period – 
End of period $104,454 
Other Information  
Undistributed net investment income end of period $237 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2050 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Net asset value, end of period $10.45 
Total ReturnC 4.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .74%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.5 
Fidelity Series International Value Fund 9.3 
Fidelity Series Growth & Income Fund 9.2 
Fidelity Series International Growth Fund 9.2 
Fidelity Series Intrinsic Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.0 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Blue Chip Growth Fund 4.0 
 74.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.1% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 132 $2,179 
Fidelity Series 1000 Value Index Fund (a) 211 2,645 
Fidelity Series All-Sector Equity Fund (a) 306 4,085 
Fidelity Series Blue Chip Growth Fund (a) 316 4,180 
Fidelity Series Commodity Strategy Fund (a) 392 2,048 
Fidelity Series Growth & Income Fund (a) 630 9,589 
Fidelity Series Growth Company Fund (a) 490 8,412 
Fidelity Series Intrinsic Opportunities Fund (a) 538 9,250 
Fidelity Series Opportunistic Insights Fund (a) 253 4,606 
Fidelity Series Real Estate Equity Fund (a) 64 825 
Fidelity Series Small Cap Discovery Fund (a) 102 1,227 
Fidelity Series Small Cap Opportunities Fund (a) 270 3,770 
Fidelity Series Stock Selector Large Cap Value Fund (a) 537 7,135 
Fidelity Series Value Discovery Fund (a) 370 4,970 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $63,494)  64,921 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 93 988 
Fidelity Series Emerging Markets Fund (a) 483 9,960 
Fidelity Series International Growth Fund (a) 603 9,574 
Fidelity Series International Small Cap Fund (a) 129 2,318 
Fidelity Series International Value Fund (a) 899 9,683 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,909)  32,523 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 66 687 
Fidelity Series Floating Rate High Income Fund (a) 26 243 
Fidelity Series High Income Fund (a) 154 1,502 
Fidelity Series Inflation-Protected Bond Index Fund (a) 78 770 
Fidelity Series International Credit Fund (a) 33 
Fidelity Series Investment Grade Bond Fund (a) 44 495 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 194 1,703 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $5,902)  5,903 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 872 872 
Fidelity Series Short-Term Credit Fund (a) 24 241 
TOTAL SHORT-TERM FUNDS   
(Cost $1,113)  1,113 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,418)  104,460 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,460 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,150 $60 $-- $-- $89 $2,179 
Fidelity Series 1000 Value Index Fund -- 2,548 -- -- 101 2,645 
Fidelity Series All-Sector Equity Fund -- 4,091 143 -- -- 137 4,085 
Fidelity Series Blue Chip Growth Fund -- 4,754 360 (6) (208) 4,180 
Fidelity Series Canada Fund -- 932 -- -- -- 56 988 
Fidelity Series Commodity Strategy Fund -- 1,996 -- 53 2,048 
Fidelity Series Emerging Markets Debt Fund -- 683 -- 13 -- 687 
Fidelity Series Emerging Markets Fund -- 9,984 810 -- 66 720 9,960 
Fidelity Series Floating Rate High Income Fund -- 244 -- -- (1) 243 
Fidelity Series Government Money Market Fund 1.09% -- 872 -- -- -- 872 
Fidelity Series Growth & Income Fund -- 9,420 23 32 -- 192 9,589 
Fidelity Series Growth Company Fund -- 8,180 191 -- (3) 426 8,412 
Fidelity Series High Income Fund -- 1,496 -- 26 -- 1,502 
Fidelity Series Inflation-Protected Bond Index Fund -- 771 -- -- -- (1) 770 
Fidelity Series International Credit Fund -- 33 -- -- -- -- 33 
Fidelity Series International Growth Fund -- 9,771 498 -- -- 301 9,574 
Fidelity Series International Small Cap Fund -- 2,259 46 -- 104 2,318 
Fidelity Series International Value Fund -- 9,769 519 -- 431 9,683 
Fidelity Series Intrinsic Opportunities Fund -- 9,108 -- 64 -- 142 9,250 
Fidelity Series Investment Grade Bond Fund -- 504 10 -- 495 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,723 12 -- (8) 1,703 
Fidelity Series Opportunistic Insights Fund -- 4,749 327 -- (3) 187 4,606 
Fidelity Series Real Estate Equity Fund -- 847 11 -- (11) 825 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 241 -- -- -- 241 
Fidelity Series Small Cap Discovery Fund -- 1,195 -- 33 1,227 
Fidelity Series Small Cap Opportunities Fund -- 3,853 -- -- (83) 3,770 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,904 58 -- -- 289 7,135 
Fidelity Series Value Discovery Fund -- 9,568 4,716 48 36 82 4,970 
Total $-- $109,115 $7,790 $237 $93 $3,042 $104,460 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,418) — See accompanying schedule  $104,460 
Total assets  104,460 
Net Assets  $104,460 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  237 
Accumulated undistributed net realized gain (loss) on investments  1,181 
Net unrealized appreciation (depreciation) on investments  3,042 
Net Assets, for 10,000 shares outstanding  $104,460 
Net Asset Value, offering price and redemption price per share ($104,460 ÷ 10,000 shares)  $10.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $237 
Net investment income (loss)  237 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $93  
Capital gain distributions from underlying funds 1,088  
Total net realized gain (loss)  1,181 
Change in net unrealized appreciation (depreciation) on underlying funds  3,042 
Net gain (loss)  4,223 
Net increase (decrease) in net assets resulting from operations  $4,460 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $237 
Net realized gain (loss) 1,181 
Change in net unrealized appreciation (depreciation) 3,042 
Net increase (decrease) in net assets resulting from operations 4,460 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,460 
Net Assets  
Beginning of period – 
End of period $104,460 
Other Information  
Undistributed net investment income end of period $237 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2055 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Net asset value, end of period $10.45 
Total ReturnC 4.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .74%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets 
Fidelity Series Emerging Markets Fund 9.5 
Fidelity Series International Value Fund 9.3 
Fidelity Series Growth & Income Fund 9.2 
Fidelity Series International Growth Fund 9.2 
Fidelity Series Intrinsic Opportunities Fund 8.9 
Fidelity Series Growth Company Fund 8.0 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Blue Chip Growth Fund 4.0 
 74.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 132 $2,182 
Fidelity Series 1000 Value Index Fund (a) 211 2,645 
Fidelity Series All-Sector Equity Fund (a) 311 4,159 
Fidelity Series Blue Chip Growth Fund (a) 316 4,180 
Fidelity Series Commodity Strategy Fund (a) 392 2,048 
Fidelity Series Growth & Income Fund (a) 630 9,590 
Fidelity Series Growth Company Fund (a) 485 8,316 
Fidelity Series Intrinsic Opportunities Fund (a) 539 9,264 
Fidelity Series Opportunistic Insights Fund (a) 253 4,606 
Fidelity Series Real Estate Equity Fund (a) 64 829 
Fidelity Series Small Cap Discovery Fund (a) 102 1,227 
Fidelity Series Small Cap Opportunities Fund (a) 271 3,785 
Fidelity Series Stock Selector Large Cap Value Fund (a) 537 7,136 
Fidelity Series Value Discovery Fund (a) 370 4,970 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $63,513)  64,937 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 93 988 
Fidelity Series Emerging Markets Fund (a) 483 9,961 
Fidelity Series International Growth Fund (a) 603 9,574 
Fidelity Series International Small Cap Fund (a) 129 2,318 
Fidelity Series International Value Fund (a) 899 9,687 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $30,915)  32,528 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 62 646 
Fidelity Series Floating Rate High Income Fund (a) 24 232 
Fidelity Series High Income Fund (a) 154 1,502 
Fidelity Series Inflation-Protected Bond Index Fund (a) 79 780 
Fidelity Series International Credit Fund (a) 49 
Fidelity Series Investment Grade Bond Fund (a) 44 498 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 194 1,702 
Fidelity Series Real Estate Income Fund (a) 42 470 
TOTAL BOND FUNDS   
(Cost $5,877)  5,879 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 876 876 
Fidelity Series Short-Term Credit Fund (a) 24 241 
TOTAL SHORT-TERM FUNDS   
(Cost $1,117)  1,117 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,422)  104,461 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $104,461 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $-- $2,180 $88 $-- $-- $90 $2,182 
Fidelity Series 1000 Value Index Fund -- 2,582 38 -- -- 101 2,645 
Fidelity Series All-Sector Equity Fund -- 4,140 120 -- (1) 140 4,159 
Fidelity Series Blue Chip Growth Fund -- 4,796 401 11 (7) (208) 4,180 
Fidelity Series Canada Fund -- 932 -- -- -- 56 988 
Fidelity Series Commodity Strategy Fund -- 1,997 -- 53 2,048 
Fidelity Series Emerging Markets Debt Fund -- 642 -- 12 -- 646 
Fidelity Series Emerging Markets Fund -- 10,012 840 -- 69 720 9,961 
Fidelity Series Floating Rate High Income Fund -- 233 -- -- (1) 232 
Fidelity Series Government Money Market Fund 1.09% -- 876 -- -- -- 876 
Fidelity Series Growth & Income Fund -- 9,489 93 32 -- 194 9,590 
Fidelity Series Growth Company Fund -- 7,901 -- -- -- 415 8,316 
Fidelity Series High Income Fund -- 1,496 -- 26 -- 1,502 
Fidelity Series Inflation-Protected Bond Index Fund -- 781 -- -- -- (1) 780 
Fidelity Series International Credit Fund -- 49 -- -- -- -- 49 
Fidelity Series International Growth Fund -- 9,780 507 -- -- 301 9,574 
Fidelity Series International Small Cap Fund -- 2,269 56 -- 104 2,318 
Fidelity Series International Value Fund -- 9,724 469 -- 431 9,687 
Fidelity Series Intrinsic Opportunities Fund -- 9,120 -- 64 -- 144 9,264 
Fidelity Series Investment Grade Bond Fund -- 504 -- 498 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,722 12 -- (8) 1,702 
Fidelity Series Opportunistic Insights Fund -- 4,790 365 -- (6) 187 4,606 
Fidelity Series Real Estate Equity Fund -- 881 40 -- (12) 829 
Fidelity Series Real Estate Income Fund -- 470 -- -- -- 470 
Fidelity Series Short-Term Credit Fund -- 241 -- -- -- 241 
Fidelity Series Small Cap Discovery Fund -- 1,215 21 -- 33 1,227 
Fidelity Series Small Cap Opportunities Fund -- 3,868 -- -- (83) 3,785 
Fidelity Series Stock Selector Large Cap Value Fund -- 6,930 85 -- 290 7,136 
Fidelity Series Value Discovery Fund -- 9,610 4,759 49 37 82 4,970 
Total $-- $109,230 $7,903 $238 $95 $3,039 $104,461 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $101,422) — See accompanying schedule  $104,461 
Total assets  104,461 
Net Assets  $104,461 
Net Assets consist of:   
Paid in capital  $100,000 
Undistributed net investment income  238 
Accumulated undistributed net realized gain (loss) on investments  1,184 
Net unrealized appreciation (depreciation) on investments  3,039 
Net Assets, for 10,000 shares outstanding  $104,461 
Net Asset Value, offering price and redemption price per share ($104,461 ÷ 10,000 shares)  $10.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $238 
Net investment income (loss)  238 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares $95  
Capital gain distributions from underlying funds 1,089  
Total net realized gain (loss)  1,184 
Change in net unrealized appreciation (depreciation) on underlying funds  3,039 
Net gain (loss)  4,223 
Net increase (decrease) in net assets resulting from operations  $4,461 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 8, 2017 (commencement of operations) to
September 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $238 
Net realized gain (loss) 1,184 
Change in net unrealized appreciation (depreciation) 3,039 
Net increase (decrease) in net assets resulting from operations 4,461 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 104,461 
Net Assets  
Beginning of period – 
End of period $104,461 
Other Information  
Undistributed net investment income end of period $238 
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom 2060 Fund

 Six months ended (Unaudited) 
 September 30, 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Net asset value, end of period $10.45 
Total ReturnC 4.50% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F 
Expenses net of fee waivers, if any - %F 
Expenses net of all reductions - %F 
Net investment income (loss) .75%F 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateD 8%G 

 A For the period June 8, 2017 (commencement of operations) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Amounts do not include the activity of the Underlying Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Annualized

 G Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

Fidelity Flex Freedom Income Fund, Fidelity Flex Freedom 2005 Fund, Fidelity Flex Freedom 2010 Fund, Fidelity Flex Freedom 2015 Fund, Fidelity Flex Freedom 2020 Fund, Fidelity Flex Freedom 2025 Fund, Fidelity Flex Freedom 2030 Fund, Fidelity Flex Freedom 2035 Fund, Fidelity Flex Freedom 2040 Fund, Fidelity Freedom Flex 2045 Fund, Fidelity Freedom Flex 2050 Fund, Fidelity Freedom Flex 2055 Fund and Fidelity Freedom Flex 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. The Funds are available only to certain fee-based accounts offered by Fidelity. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Series Equity-Income Fund to Fidelity Series Value Discovery Fund.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Flex Freedom Income Fund $100,858 $1,090 $(85) $1,005 
Fidelity Flex Freedom 2005 Fund 100,968 1,443 (121) 1,322 
Fidelity Flex Freedom 2010 Fund 101,051 1,759 (153) 1,606 
Fidelity Flex Freedom 2015 Fund 101,137 2,058 (184) 1,874 
Fidelity Flex Freedom 2020 Fund 101,191 2,281 (207) 2,074 
Fidelity Flex Freedom 2025 Fund 101,242 2,477 (228) 2,249 
Fidelity Flex Freedom 2030 Fund 101,357 2,928 (279) 2,649 
Fidelity Flex Freedom 2035 Fund 101,414 3,314 (319) 2,995 
Fidelity Flex Freedom 2040 Fund 101,413 3,362 (324) 3,038 
Fidelity Flex Freedom 2045 Fund 101,417 3,366 (322) 3,044 
Fidelity Flex Freedom 2050 Fund 101,414 3,364 (324) 3,040 
Fidelity Flex Freedom 2055 Fund 101,418 3,366 (324) 3,042 
Fidelity Flex Freedom 2060 Fund 101,422 3,362 (323) 3,039 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares are noted in the table below.

 Purchases ($) Redemptions ($) 
Fidelity Flex Freedom Income Fund 104,491 3,725 
Fidelity Flex Freedom 2005 Fund 105,614 4,754 
Fidelity Flex Freedom 2010 Fund 106,139 5,198 
Fidelity Flex Freedom 2015 Fund 106,864 5,840 
Fidelity Flex Freedom 2020 Fund 107,225 6,143 
Fidelity Flex Freedom 2025 Fund 107,620 6,488 
Fidelity Flex Freedom 2030 Fund 108,821 7,579 
Fidelity Flex Freedom 2035 Fund 109,400 8,087 
Fidelity Flex Freedom 2040 Fund 109,268 7,942 
Fidelity Flex Freedom 2045 Fund 109,330 8,008 
Fidelity Flex Freedom 2050 Fund 109,152 7,827 
Fidelity Flex Freedom 2055 Fund 109,115 7,790 
Fidelity Flex Freedom 2060 Fund 109,230 7,903 

4. Fees and Other Transactions with Affiliates.

Management Fee. FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services and the Funds do not pay any fees for these services. Under the management contract, the investment adviser or an affiliate pays all other expenses of the Funds, excluding fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund.

5. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

At the end of the period, the investment adviser or its affiliates were owners of record of more than 10% of the outstanding shares of the following Funds:

 Affiliated % 
Fidelity Flex Freedom Income Fund 100% 
Fidelity Flex Freedom 2005 Fund 100% 
Fidelity Flex Freedom 2010 Fund 100% 
Fidelity Flex Freedom 2015 Fund 100% 
Fidelity Flex Freedom 2020 Fund 100% 
Fidelity Flex Freedom 2025 Fund 100% 
Fidelity Flex Freedom 2030 Fund 100% 
Fidelity Flex Freedom 2035 Fund 100% 
Fidelity Flex Freedom 2040 Fund 100% 
Fidelity Flex Freedom 2045 Fund 100% 
Fidelity Flex Freedom 2050 Fund 100% 
Fidelity Flex Freedom 2055 Fund 100% 
Fidelity Flex Freedom 2060 Fund 100% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 8, 2017 to September 30, 2017). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each fund provides information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period
 
Fidelity Flex Freedom Income Fund - %    
Actual  $1,000.00 $1,018.30 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2005 Fund - %    
Actual  $1,000.00 $1,023.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2010 Fund - %    
Actual  $1,000.00 $1,027.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2015 Fund - %    
Actual  $1,000.00 $1,030.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2020 Fund - %    
Actual  $1,000.00 $1,033.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2025 Fund - %    
Actual  $1,000.00 $1,035.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2030 Fund - %    
Actual  $1,000.00 $1,040.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2035 Fund - %    
Actual  $1,000.00 $1,044.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2040 Fund - %    
Actual  $1,000.00 $1,045.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2045 Fund - %    
Actual  $1,000.00 $1,045.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2050 Fund - %    
Actual  $1,000.00 $1,045.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2055 Fund - %    
Actual  $1,000.00 $1,045.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 
Fidelity Flex Freedom 2060 Fund - %    
Actual  $1,000.00 $1,045.00 $--B 
Hypothetical-C  $1,000.00 $1,025.07 $--D 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 115/365 (to reflect the period June 8, 2017 to September 30, 2017).

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).


Board Approval of Investment Advisory Contracts and Management Fees

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

On January 18, 2017 the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement with FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance.  Each fund is a new fund and therefore had no historical performance for the Board to review at the time it approved each fund's Advisory Contract. The Board considered the Investment Adviser's strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to each fund under the Advisory Contract should benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board noted that each fund is available exclusively to retirement plans offered through certain Fidelity fee-based programs. The Board considered that while each fund does not pay a management fee, FMRC is indirectly compensated for its services out of the program fee. The Board noted that FMRC pays all operating expenses, with certain limited exceptions, on behalf of each fund. Based on its review, the Board concluded that each fund's fee structure was reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.

Costs of the Services and Profitability.  Each fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of each fund at the time it approved the Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which each fund invests.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It noted, however, that because each fund pays no advisory fees and FMRC bears most expenses of each fund, economies of scale cannot be realized by each fund.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be approved.





Fidelity Investments

XFC-SANN-1117
1.9884227.100




Fidelity Freedom® Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 - Class K



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Freedom® Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees

Proxy Voting Results


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 37.2 37.5 
Fidelity Series Government Money Market Fund 1.09% 20.9 21.0 
Fidelity Series Short-Term Credit Fund 6.8 7.0 
Fidelity Series Emerging Markets Fund 3.9 4.7 
Fidelity Series Inflation-Protected Bond Index Fund 3.7 3.8 
Fidelity Series International Value Fund 2.8 2.7 
Fidelity Series International Growth Fund 2.8 2.6 
Fidelity Series Intrinsic Opportunities Fund 2.3 1.6 
Fidelity Series Growth & Income Fund 2.1 1.7 
Fidelity Series Commodity Strategy Fund 2.0 1.7 
 84.5 84.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.0% 
   International Equity Funds 10.5% 
   Bond Funds 45.8% 
   Short-Term Funds 27.7% 


Six months ago 
   Domestic Equity Funds 17.1% 
   International Equity Funds 10.6% 
   Bond Funds 44.3% 
   Short-Term Funds 28.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 16.0%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 1,097,721 $18,189,233 
Fidelity Series 1000 Value Index Fund (a) 1,750,446 21,985,604 
Fidelity Series All-Sector Equity Fund (a) 2,543,358 34,004,694 
Fidelity Series Blue Chip Growth Fund (a) 2,628,701 34,804,005 
Fidelity Series Commodity Strategy Fund (a) 14,524,047 75,960,766 
Fidelity Series Growth & Income Fund (a) 5,237,803 79,666,988 
Fidelity Series Growth Company Fund (a) 4,046,410 69,436,388 
Fidelity Series Intrinsic Opportunities Fund (a) 5,033,828 86,481,157 
Fidelity Series Opportunistic Insights Fund (a) 2,103,613 38,348,857 
Fidelity Series Real Estate Equity Fund (a) 533,556 6,888,212 
Fidelity Series Small Cap Discovery Fund (a) 851,107 10,213,284 
Fidelity Series Small Cap Opportunities Fund (a) 2,252,764 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund (a) 4,460,971 59,286,306 
Fidelity Series Value Discovery Fund (a) 3,064,195 41,121,502 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $462,104,633)  607,880,631 
International Equity Funds - 10.5%   
Fidelity Series Canada Fund (a) 1,007,068 10,715,205 
Fidelity Series Emerging Markets Fund (a) 7,142,065 147,126,541 
Fidelity Series International Growth Fund (a) 6,629,991 105,350,554 
Fidelity Series International Small Cap Fund (a) 1,430,281 25,616,337 
Fidelity Series International Value Fund (a) 10,013,085 107,840,926 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $291,292,591)  396,649,563 
Bond Funds - 45.8%   
Fidelity Series Emerging Markets Debt Fund (a) 2,788,270 29,165,303 
Fidelity Series Floating Rate High Income Fund (a) 969,267 9,198,349 
Fidelity Series High Income Fund (a) 5,853,671 57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund (a) 14,278,214 141,211,540 
Fidelity Series International Credit Fund (a) 185,006 1,859,314 
Fidelity Series Investment Grade Bond Fund (a) 125,032,062 1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,901,291 69,452,350 
Fidelity Series Real Estate Income Fund (a) 1,622,870 18,127,453 
TOTAL BOND FUNDS   
(Cost $1,694,337,831)  1,740,200,220 
Short-Term Funds - 27.7%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 795,402,632 795,402,632 
Fidelity Series Short-Term Credit Fund (a) 25,760,047 257,342,870 
TOTAL SHORT-TERM FUNDS   
(Cost $1,052,532,048)  1,052,745,502 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,500,267,103)  3,797,475,916 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (752,950) 
NET ASSETS - 100%  $3,796,722,966 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $11,491,675 $313,457 $2,142,067 $-- $648,035 $302,183  $18,189,233 
Fidelity Series 1000 Value Index Fund 14,043,610 447,702 2,436,371 -- 86,404 784,566  21,985,604 
Fidelity Series All-Sector Equity Fund 21,673,165 592,813 4,284,785 -- 761,679 1,080,380  34,004,694 
Fidelity Series Blue Chip Growth Fund 22,111,317 3,620,117 5,486,124 67,377 1,369,186 (1,409,835 ) 34,804,005 
Fidelity Series Canada Fund -- 10,397,641  22,598 -- 120 121,242  10,715,205 
Fidelity Series Commodity Strategy Fund 35,467,629 10,495,842  2,307,390 116,191 (1,009,411) 683,046 75,960,766 
Fidelity Series Emerging Markets Debt Fund 16,127,912 996,647  629,285 538,710  2,684 287,386  29,165,303 
Fidelity Series Emerging Markets Fund 100,230,776 3,041,873 48,021,112 -- 7,869,246 6,888,906  147,126,541 
Fidelity Series Floating Rate High Income Fund 5,291,055 286,762  259,241  130,257  (5,430) (11,146 ) 9,198,349 
Fidelity Series Government Money Market Fund 1.09% 449,183,508 29,176,806  21,244,310 2,225,820  -- -- 795,402,632 
Fidelity Series Growth & Income Fund 37,258,926 13,807,062 (a) 6,804,790 193,065 96,090 2,655,144  79,666,988 
Fidelity Series Growth Company Fund 43,774,948 1,015,728 11,297,735 -- 4,004,153 2,928,174  69,436,388 
Fidelity Series High Income Fund 32,354,262 1,819,776 1,713,805 965,604  (21,219) 663,612  57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund 80,976,154 3,835,263  3,994,363 51,511  (97,886) (418,778 ) 141,211,540 
Fidelity Series International Credit Fund -- 1,046,127  409 -- -- 1,207  1,859,314 
Fidelity Series International Growth Fund 56,577,829 3,398,403  9,445,556 -- 836,813 7,083,462  105,350,554 
Fidelity Series International Small Cap Fund 12,490,172 1,050,900  927,387 -- 17,541 2,175,890  25,616,337 
Fidelity Series International Value Fund 56,718,964 4,744,118  7,775,798 -- 275,768 7,082,273  107,840,926 
Fidelity Series Intrinsic Opportunities Fund 34,027,643 15,005,333 (a) 711,307 603,421  13,103 2,151,197  86,481,157 
Fidelity Series Investment Grade Bond Fund 801,856,863 40,887,391  39,531,927  10,836,622 86,271 5,740,953  1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund 751,776 54,474,403  476,221 195,181  (19,255) (764,094 ) 69,452,350 
Fidelity Series Opportunistic Insights Fund 24,263,870 667,013 5,750,287 -- 2,241,273 868,680  38,348,857 
Fidelity Series Real Estate Equity Fund 4,491,516 294,075 742,857 33,609  138,226 (192,606 ) 6,888,212 
Fidelity Series Real Estate Income Fund 10,269,443 771,880 629,507 255,916  15,237 50,792  18,127,453 
Fidelity Series Short-Term Credit Fund 149,257,239 5,722,390  7,281,948 1,287,011  (5,196) (31,413 ) 257,342,870 
Fidelity Series Small Cap Discovery Fund 6,625,176 204,186 1,212,021 28,183 149,823 348,527  10,213,284 
Fidelity Series Small Cap Opportunities Fund 19,807,202 2,764,109  3,288,910  58,561  467,937 (985,063 ) 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund 37,719,914 1,181,044 6,271,687 -- 1,036,718 1,152,314  59,286,306 
Fidelity Series Value Discovery Fund 52,910,613 1,137,092  31,136,204 (a) 388,337 6,370,055 (5,186,817 ) 41,121,502 
Total $2,137,753,157 $ 213,195,953  $ 225,826,002  $17,975,376  $ 25,327,965 $34,050,182  $3,797,475,916 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,500,267,103) — See accompanying schedule  $3,797,475,916 
Cash  13 
Receivable for investments sold  601,884 
Receivable for fund shares sold  6,403,068 
Dividends receivable  672,850 
Total assets  3,805,153,731 
Liabilities   
Payable for fund shares redeemed $7,035,650  
Accrued management fee 1,395,115  
Total liabilities  8,430,765 
Net Assets  $3,796,722,966 
Net Assets consist of:   
Paid in capital  $3,466,779,086 
Undistributed net investment income  4,462,550 
Accumulated undistributed net realized gain (loss) on investments  28,272,517 
Net unrealized appreciation (depreciation) on investments  297,208,813 
Net Assets  $3,796,722,966 
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($2,141,916,796 ÷ 180,750,083 shares)  $11.85 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,648,136,293 ÷ 139,222,585 shares)  $11.84 
Class K6:   
Net Asset Value, offering price and redemption price per share ($6,669,877 ÷ 563,115 shares)  $11.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $17,975,376 
Expenses   
Management fee $3,739,557  
Independent trustees' fees and expenses 3,897  
Total expenses before reductions 3,743,454  
Expense reductions (1,400) 3,742,054 
Net investment income (loss)  14,233,322 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 25,327,965  
Capital gain distributions from underlying funds 8,504,511  
Total net realized gain (loss)  33,832,476 
Change in net unrealized appreciation (depreciation) on underlying funds  34,050,182 
Net gain (loss)  67,882,658 
Net increase (decrease) in net assets resulting from operations  $82,115,980 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,233,322 $36,768,529 
Net realized gain (loss) 33,832,476 31,357,348 
Change in net unrealized appreciation (depreciation) 34,050,182 59,659,034 
Net increase (decrease) in net assets resulting from operations 82,115,980 127,784,911 
Distributions to shareholders from net investment income (12,627,158) (37,016,596) 
Distributions to shareholders from net realized gain (14,993,579) (32,674,118) 
Total distributions (27,620,737) (69,690,714) 
Share transactions - net increase (decrease) 1,604,475,573 (105,335,895) 
Total increase (decrease) in net assets 1,658,970,816 (47,241,698) 
Net Assets   
Beginning of period 2,137,752,150 2,184,993,848 
End of period $3,796,722,966 $2,137,752,150 
Other Information   
Undistributed net investment income end of period $4,462,550 $2,856,386 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Income Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.57 $11.26 $11.75 $11.86 $11.91 $11.60 
Income from Investment Operations       
Net investment income (loss)A .06 .19 .21 .21 .16 .15 
Net realized and unrealized gain (loss) .37 .49 (.27) .28 .30 .40 
Total from investment operations .43 .68 (.06) .49 .46 .55 
Distributions from net investment income (.07) (.20)B (.21) (.20) (.16) (.16) 
Distributions from net realized gain (.08) (.17)B (.22) (.40) (.35) (.08) 
Total distributions (.15) (.37) (.43) (.60) (.51) (.24) 
Net asset value, end of period $11.85 $11.57 $11.26 $11.75 $11.86 $11.91 
Total ReturnC,D 3.76% 6.16% (.45)% 4.31% 3.95% 4.79% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .31%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .31%G -% -% -% -% -% 
Expenses net of all reductions .31%G -% -% -% -% -% 
Net investment income (loss) 1.06%G 1.70% 1.86% 1.77% 1.37% 1.32% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,141,917 $2,137,752 $2,184,994 $2,483,848 $1,935,210 $2,191,666 
Portfolio turnover rateE 20 %G,I 31% 20% 26%I 31% 14% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.76 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .05 
Total from investment operations .11 
Distributions from net investment income (.03) 
Distributions from net realized gain – 
Total distributions (.03) 
Net asset value, end of period $11.84 
Total ReturnC,D .93% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .46%G,H 
Expenses net of fee waivers, if any .46%G,H 
Expenses net of all reductions .46%G,H 
Net investment income (loss) 3.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,648,136 
Portfolio turnover rateE 20%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.68 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .14 
Total from investment operations .20 
Distributions from net investment income (.04) 
Distributions from net realized gain – 
Total distributions (.04) 
Net asset value, end of period $11.84 
Total ReturnC,D 1.69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .37%G 
Expenses net of fee waivers, if any .37%G 
Expenses net of all reductions .37%G 
Net investment income (loss) 1.74%G 
Supplemental Data  
Net assets, end of period (000 omitted) $6,670 
Portfolio turnover rateE 20%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 33.6 33.7 
Fidelity Series Government Money Market Fund 1.09% 16.2 15.9 
Fidelity Series Short-Term Credit Fund 5.1 5.3 
Fidelity Series Emerging Markets Fund 4.7 5.7 
Fidelity Series International Value Fund 3.9 3.8 
Fidelity Series International Growth Fund 3.8 3.8 
Fidelity Series Intrinsic Opportunities Fund 3.4 2.4 
Fidelity Series Inflation-Protected Bond Index Fund 3.3 3.3 
Fidelity Series Growth & Income Fund 3.2 2.6 
Fidelity Series Growth Company Fund 2.8 3.1 
 80.0 79.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.3% 
   International Equity Funds 13.7% 
   Bond Funds 41.7% 
   Short-Term Funds 21.3% 


Six months ago 
   Domestic Equity Funds 24.7% 
   International Equity Funds 14.1% 
   Bond Funds 40.0% 
   Short-Term Funds 21.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 451,702 $7,484,705 
Fidelity Series 1000 Value Index Fund (a) 722,615 9,076,045 
Fidelity Series All-Sector Equity Fund (a) 1,046,567 13,992,598 
Fidelity Series Blue Chip Growth Fund (a) 1,081,621 14,320,657 
Fidelity Series Commodity Strategy Fund (a) 3,932,099 20,564,880 
Fidelity Series Growth & Income Fund (a) 2,161,904 32,882,555 
Fidelity Series Growth Company Fund (a) 1,665,186 28,574,590 
Fidelity Series Intrinsic Opportunities Fund (a) 2,014,148 34,603,056 
Fidelity Series Opportunistic Insights Fund (a) 865,632 15,780,478 
Fidelity Series Real Estate Equity Fund (a) 219,906 2,838,988 
Fidelity Series Small Cap Discovery Fund (a) 350,312 4,203,750 
Fidelity Series Small Cap Opportunities Fund (a) 928,294 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund (a) 1,843,274 24,497,105 
Fidelity Series Value Discovery Fund (a) 1,266,763 16,999,960 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $187,374,093)  238,796,911 
International Equity Funds - 13.7%   
Fidelity Series Canada Fund (a) 370,327 3,940,275 
Fidelity Series Emerging Markets Fund (a) 2,369,544 48,812,600 
Fidelity Series International Growth Fund (a) 2,429,282 38,601,291 
Fidelity Series International Small Cap Fund (a) 526,012 9,420,877 
Fidelity Series International Value Fund (a) 3,693,836 39,782,609 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $106,946,186)  140,557,652 
Bond Funds - 41.7%   
Fidelity Series Emerging Markets Debt Fund(a) 737,180 7,710,904 
Fidelity Series Floating Rate High Income Fund (a) 259,457 2,462,249 
Fidelity Series High Income Fund (a) 1,578,873 15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,395,739 33,583,861 
Fidelity Series International Credit Fund (a) 50,583 508,355 
Fidelity Series Investment Grade Bond Fund (a) 30,439,533 344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,225,299 19,560,374 
Fidelity Series Real Estate Income Fund (a) 439,887 4,913,536 
TOTAL BOND FUNDS   
(Cost $431,303,789)  428,404,410 
Short-Term Funds - 21.3%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 166,368,100 166,368,100 
Fidelity Series Short-Term Credit Fund (a) 5,227,091 52,218,642 
TOTAL SHORT-TERM FUNDS   
(Cost $218,566,386)  218,586,742 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $944,190,454)  1,026,345,715 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (396,450) 
NET ASSETS - 100%  $1,025,949,265 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $4,687,350 $220,852 $777,002 $-- $272,312 $123,563  $7,484,705 
Fidelity Series 1000 Value Index Fund 5,728,190 268,370 829,602 -- 27,589 333,353  9,076,045 
Fidelity Series All-Sector Equity Fund 8,840,190 415,126 1,565,228 -- 40,239 724,961  13,992,598 
Fidelity Series Blue Chip Growth Fund 9,019,055 1,669,043  2,060,775  27,780  472,549 (479,236 ) 14,320,657 
Fidelity Series Canada Fund -- 3,458,266  9,966 -- 63 54,172  3,940,275 
Fidelity Series Commodity Strategy Fund 9,618,952 3,245,576  606,135  31,506 (34,317) (47,638 ) 20,564,880 
Fidelity Series Emerging Markets Debt Fund 4,351,269 342,939  179,538  140,359  1,345 78,601  7,710,904 
Fidelity Series Emerging Markets Fund 33,214,881 1,673,278  14,713,102 -- 1,832,799 3,091,704  48,812,600 
Fidelity Series Floating Rate High Income Fund 1,443,737 107,949  73,862  34,343  (590) (3,963 ) 2,462,249 
Fidelity Series Government Money Market Fund 1.09% 93,037,687 10,890,184  4,614,642 452,112  -- -- 166,368,100 
Fidelity Series Growth & Income Fund 15,197,493 6,046,260 (a) 2,280,940 81,582  16,646 1,108,344  32,882,555 
Fidelity Series Growth Company Fund 17,856,033 588,531 4,076,629 -- 1,401,123 1,477,803  28,574,590 
Fidelity Series High Income Fund 8,842,210 690,361  443,871 256,024  317 173,909  15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund 19,379,371 1,516,183  1,002,280 11,831  (67,673) (48,673 ) 33,583,861 
Fidelity Series International Credit Fund -- 298,759  431 -- -- 454 508,355 
Fidelity Series International Growth Fund 21,908,894 1,150,957 3,693,439 -- 449,461 2,601,049  38,601,291 
Fidelity Series International Small Cap Fund 4,894,618 363,966  458,751  -- 26,076 825,565  9,420,877 
Fidelity Series International Value Fund 21,965,189 1,673,294 2,777,920 -- 46,254 2,750,566  39,782,609 
Fidelity Series Intrinsic Opportunities Fund 13,804,364 6,563,982 (a) 348,265 241,221  5,815 888,066  34,603,056 
Fidelity Series Investment Grade Bond Fund 196,594,195 16,213,511  9,723,475  2,583,153  (12,266) 1,525,258  344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund 181,407 15,768,264  141,002 51,423 (4,398) (205,421 ) 19,560,374 
Fidelity Series Opportunistic Insights Fund 9,897,007 469,692 2,148,014 -- 766,962 525,846  15,780,478 
Fidelity Series Real Estate Equity Fund 1,819,013 157,860 248,715 14,239  10,819 (32,662 ) 2,838,988 
Fidelity Series Real Estate Income Fund 2,851,782 268,873 167,895 72,252  736 16,929  4,913,536 
Fidelity Series Short-Term Credit Fund 30,870,409 1,822,169  1,594,554 256,695  (540) (2,863 ) 52,218,642 
Fidelity Series Small Cap Discovery Fund 2,702,182 135,693  438,482  11,750 48,101 155,583  4,203,750 
Fidelity Series Small Cap Opportunities Fund 8,077,116 1,296,722  1,153,982  24,180  74,066 (285,950 ) 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund 15,385,439 722,964 2,123,481 -- 64,284 845,955 24,497,105 
Fidelity Series Value Discovery Fund 21,581,521 691,803 12,423,519(a) 162,799 1,024,666 (537,382 ) 16,999,960 
Total $583,749,554 $78,731,427  $70,675,497  $4,453,249  $6,462,438  $15,657,893  $1,026,345,715 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $944,190,454) — See accompanying schedule  $1,026,345,715 
Cash  12 
Receivable for investments sold  
Receivable for fund shares sold  1,639,541 
Total assets  1,027,985,276 
Liabilities   
Payable for investments purchased $259,400  
Payable for fund shares redeemed 1,378,936  
Accrued management fee 397,675  
Total liabilities  2,036,011 
Net Assets  $1,025,949,265 
Net Assets consist of:   
Paid in capital  $932,726,964 
Undistributed net investment income  3,333,274 
Accumulated undistributed net realized gain (loss) on investments  7,733,766 
Net unrealized appreciation (depreciation) on investments  82,155,261 
Net Assets  $1,025,949,265 
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($595,517,477 ÷ 47,173,970 shares)  $12.62 
Class K:   
Net Asset Value, offering price and redemption price per share ($428,058,469 ÷ 33,916,786 shares)  $12.62 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,373,319 ÷ 187,944 shares)  $12.63 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $4,453,249 
Expenses   
Management fee $1,088,388  
Independent trustees' fees and expenses 1,076  
Total expenses before reductions 1,089,464  
Expense reductions (383) 1,089,081 
Net investment income (loss)  3,364,168 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 6,462,438  
Capital gain distributions from underlying funds 3,485,211  
Total net realized gain (loss)  9,947,649 
Change in net unrealized appreciation (depreciation) on underlying funds  15,657,893 
Net gain (loss)  25,605,542 
Net increase (decrease) in net assets resulting from operations  $28,969,710 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,364,168 $9,931,239 
Net realized gain (loss) 9,947,649 8,364,571 
Change in net unrealized appreciation (depreciation) 15,657,893 26,065,382 
Net increase (decrease) in net assets resulting from operations 28,969,710 44,361,192 
Distributions to shareholders from net investment income (1,620,929) (10,200,069) 
Distributions to shareholders from net realized gain (5,291,856) (7,369,706) 
Total distributions (6,912,785) (17,569,775) 
Share transactions - net increase (decrease) 420,138,654 (23,764,200) 
Total increase (decrease) in net assets 442,195,579 3,027,217 
Net Assets   
Beginning of period 583,753,686 580,726,469 
End of period $1,025,949,265 $583,753,686 
Other Information   
Undistributed net investment income end of period $3,333,274 $1,590,035 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2005 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.20 $11.66 $12.24 $12.01 $11.53 $11.11 
Income from Investment Operations       
Net investment income (loss)A .05 .20 .22 .22 .16 .15 
Net realized and unrealized gain (loss) .52 .71 (.34) .40 .58 .51 
Total from investment operations .57 .91 (.12) .62 .74 .66 
Distributions from net investment income (.03) (.22)B (.22) (.23) (.15) (.17) 
Distributions from net realized gain (.11) (.15)B (.23) (.17) (.10) (.07) 
Total distributions (.15)C (.37) (.46)D (.39)E (.26)F (.24) 
Net asset value, end of period $12.62 $12.20 $11.66 $12.24 $12.01 $11.53 
Total ReturnG,H 4.67% 7.91% (1.01)% 5.26% 6.43% 5.99% 
Ratios to Average Net AssetsI,J       
Expenses before reductions .33%K - %L - %L - %L - %L - %L 
Expenses net of fee waivers, if any .33%K -% -% -% -% -% 
Expenses net of all reductions .33%K -% -% -% -% -% 
Net investment income (loss) .86%K 1.70% 1.87% 1.79% 1.38% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $595,517 $583,754 $580,726 $639,723 $668,987 $704,183 
Portfolio turnover rateI 24%K,M 31% 22% 23% 44% 22% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.034 and distributions from net realized gain of $.111 per share.

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.223 and distributions from net realized gain of $.234 per share.

 E Total distributions of $.39 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.168 per share.

 F Total distributions of $.26 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.103 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Amounts do not include the activity of the Underlying Funds.

 J Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 K Annualized

 L Amount represents less than $.005%

 M The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.48 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .06 
Total from investment operations .14 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.62 
Total ReturnC,D 1.12% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G,H 
Expenses net of fee waivers, if any .45%G,H 
Expenses net of all reductions .45%G,H 
Net investment income (loss) 3.20%G 
Supplemental Data  
Net assets, end of period (000 omitted) $428,058 
Portfolio turnover rateE 24%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.36 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .21 
Total from investment operations .27 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.63 
Total ReturnC,D 2.18% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .38%G 
Expenses net of fee waivers, if any .38%G 
Expenses net of all reductions .38%G 
Net investment income (loss) 1.61%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,373 
Portfolio turnover rateE 24%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 30.1 30.3 
Fidelity Series Government Money Market Fund 1.09% 12.5 12.2 
Fidelity Series Emerging Markets Fund 5.7 6.5 
Fidelity Series International Value Fund 4.7 4.7 
Fidelity Series International Growth Fund 4.6 4.7 
Fidelity Series Intrinsic Opportunities Fund 4.3 3.0 
Fidelity Series Growth & Income Fund 4.1 3.3 
Fidelity Series Short-Term Credit Fund 3.9 4.0 
Fidelity Series Growth Company Fund 3.6 3.9 
Fidelity Series Stock Selector Large Cap Value Fund 3.1 3.3 
 76.6 75.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.4% 
   International Equity Funds 16.6% 
   Bond Funds 37.6% 
   Short-Term Funds 16.4% 


Six months ago 
   Domestic Equity Funds 30.9% 
   International Equity Funds 16.9% 
   Bond Funds 36.0% 
   Short-Term Funds 16.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.4%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 3,867,315 $64,081,403 
Fidelity Series 1000 Value Index Fund (a) 6,175,372 77,562,670 
Fidelity Series All-Sector Equity Fund (a) 8,959,938 119,794,371 
Fidelity Series Blue Chip Growth Fund (a) 9,260,377 122,607,396 
Fidelity Series Commodity Strategy Fund (a) 25,892,028 135,415,305 
Fidelity Series Growth & Income Fund (a) 18,464,744 280,848,758 
Fidelity Series Growth Company Fund (a) 14,255,793 244,629,402 
Fidelity Series Intrinsic Opportunities Fund (a) 16,965,860 291,473,483 
Fidelity Series Opportunistic Insights Fund (a) 7,411,484 135,111,362 
Fidelity Series Real Estate Equity Fund (a) 1,880,314 24,274,848 
Fidelity Series Small Cap Discovery Fund (a) 2,998,064 35,976,770 
Fidelity Series Small Cap Opportunities Fund (a) 7,945,661 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund (a) 15,726,506 209,005,264 
Fidelity Series Value Discovery Fund (a) 10,828,562 145,319,309 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,504,391,456)  1,997,180,683 
International Equity Funds - 16.6%   
Fidelity Series Canada Fund (a) 3,006,314 31,987,182 
Fidelity Series Emerging Markets Fund (a) 18,646,287 384,113,521 
Fidelity Series International Growth Fund (a) 19,727,323 313,467,163 
Fidelity Series International Small Cap Fund (a) 4,264,215 76,372,083 
Fidelity Series International Value Fund (a) 29,930,090 322,347,065 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $841,379,615)  1,128,287,014 
Bond Funds - 37.6%   
Fidelity Series Emerging Markets Debt Fund (a) 4,864,914 50,887,001 
Fidelity Series Floating Rate High Income Fund (a) 1,700,968 16,142,182 
Fidelity Series High Income Fund (a) 10,399,179 101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund (a) 17,981,992 177,841,897 
Fidelity Series International Credit Fund (a) 339,098 3,407,930 
Fidelity Series Investment Grade Bond Fund (a) 180,765,791 2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 14,780,740 129,922,702 
Fidelity Series Real Estate Income Fund (a) 2,890,295 32,284,597 
TOTAL BOND FUNDS   
(Cost $2,567,035,060)  2,556,339,404 
Short-Term Funds - 16.4%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 848,385,738 848,385,738 
Fidelity Series Short-Term Credit Fund (a) 26,205,575 261,793,698 
TOTAL SHORT-TERM FUNDS   
(Cost $1,110,132,571)  1,110,179,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,022,938,702)  6,791,986,537 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,046,304) 
NET ASSETS - 100%  $6,789,940,233 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $42,164,646 $946,226 $6,186,963 $-- $2,447,671 $1,036,305  $64,081,403 
Fidelity Series 1000 Value Index Fund 51,526,879 1,136,565 6,541,629 -- 239,011 2,871,499  77,562,670 
Fidelity Series All-Sector Equity Fund 79,520,284 1,773,206 12,561,684 -- 684,229 6,057,140  119,794,371 
Fidelity Series Blue Chip Growth Fund 81,130,669 12,460,782 16,958,620 238,046  4,094,263 (3,747,514 ) 122,607,396 
Fidelity Series Canada Fund -- 26,648,022  112,409 -- 757 507,716  31,987,182 
Fidelity Series Commodity Strategy Fund 66,580,114 22,430,735  4,809,191 207,671  (2,643,966) 2,152,458  135,415,305 
Fidelity Series Emerging Markets Debt Fund 30,964,719 1,718,371  1,451,036  1,013,754  7,230 575,474  50,887,001 
Fidelity Series Emerging Markets Fund 271,438,238 6,573,919 104,144,607 -- 13,853,391 26,035,900  384,113,521 
Fidelity Series Floating Rate High Income Fund 10,226,318 486,733  597,965  246,420  (15,389) (16,446 ) 16,142,182 
Fidelity Series Government Money Market Fund 1.09% 504,760,496 52,805,422  29,121,121 2,513,350  -- -- 848,385,738 
Fidelity Series Growth & Income Fund 136,706,954 50,627,998 (a) 18,091,583 737,825  501,106 8,984,064  280,848,758 
Fidelity Series Growth Company Fund 160,622,872 3,309,113 35,614,170 -- 12,203,015 13,437,494  244,629,402 
Fidelity Series High Income Fund 62,714,112 3,319,569 3,592,571 1,839,959  (47,590) 1,225,802  101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund 110,955,952 5,785,823  6,577,841 69,038  (618,985) 85,304  177,841,897 
Fidelity Series International Credit Fund -- 2,089,683  787 -- -- 3,934  3,407,930 
Fidelity Series International Growth Fund 192,889,582 4,799,241 32,464,612 -- 7,285,665 19,013,277  313,467,163 
Fidelity Series International Small Cap Fund 43,404,977 1,108,945 4,065,057 -- 717,397 6,644,500  76,372,083 
Fidelity Series International Value Fund 193,388,884 7,539,475 23,786,322 -- 783,356 22,908,673  322,347,065 
Fidelity Series Intrinsic Opportunities Fund 123,853,701 54,514,180 (a) 2,482,706 2,034,963  30,821 8,098,284  291,473,483 
Fidelity Series Investment Grade Bond Fund 1,251,611,176 77,918,734  71,402,565  16,753,535 129,742 10,377,411  2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund 1,150,158 106,826,037  1,205,855 370,756  (48,263) (1,271,978 ) 129,922,702 
Fidelity Series Opportunistic Insights Fund 89,027,558 2,000,638 17,580,099 -- 6,644,175 4,832,134  135,111,362 
Fidelity Series Real Estate Equity Fund 16,232,403 980,005 1,819,482 127,978  259,220 (441,421 ) 24,274,848 
Fidelity Series Real Estate Income Fund 20,314,432 1,327,936 1,601,740 500,538  58,479 75,729  32,284,597 
Fidelity Series Short-Term Credit Fund 167,320,535 5,342,134 9,908,315 1,410,053  (4,951) 39,109  261,793,698 
Fidelity Series Small Cap Discovery Fund 24,305,650 627,547 3,486,852 105,199  417,263 1,307,943  35,976,770 
Fidelity Series Small Cap Opportunities Fund 72,102,603 9,489,640 8,480,906 207,143  842,163 (2,639,034 ) 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund 138,322,291 3,130,694 16,819,000 -- 3,023,129 4,819,266  209,005,264 
Fidelity Series Value Discovery Fund 194,132,279 3,631,141 109,795,378(a) 1,469,911 20,019,291 (15,861,274 ) 145,319,309 
Total $4,137,368,482 $471,348,514 $551,261,066 $29,846,139 $70,862,230 $117,111,749  $6,791,986,537 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $6,022,938,702) — See accompanying schedule  $6,791,986,537 
Cash  145 
Receivable for investments sold  4,859,805 
Receivable for fund shares sold  6,884,600 
Dividends receivable  835,765 
Other receivables  81,154 
Total assets  6,804,648,006 
Liabilities   
Payable for fund shares redeemed $11,763,850  
Accrued management fee 2,862,770  
Other payables and accrued expenses 81,153  
Total liabilities  14,707,773 
Net Assets  $6,789,940,233 
Net Assets consist of:   
Paid in capital  $5,909,739,386 
Undistributed net investment income  21,491,398 
Accumulated undistributed net realized gain (loss) on investments  89,661,614 
Net unrealized appreciation (depreciation) on investments  769,047,835 
Net Assets  $6,789,940,233 
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($4,166,501,440 ÷ 257,670,054 shares)  $16.17 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,610,006,365 ÷ 161,367,296 shares)  $16.17 
Class K6:   
Net Asset Value, offering price and redemption price per share ($13,432,428 ÷ 830,434 shares)  $16.18 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $29,846,139 
Expenses   
Management fee $8,148,129  
Independent trustees' fees and expenses 8,448  
Total expenses before reductions 8,156,577  
Expense reductions (3,152) 8,153,425 
Net investment income (loss)  21,692,714 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 70,862,230  
Capital gain distributions from underlying funds 29,951,597  
Total net realized gain (loss)  100,813,827 
Change in net unrealized appreciation (depreciation) on underlying funds  117,111,749 
Net gain (loss)  217,925,576 
Net increase (decrease) in net assets resulting from operations  $239,618,290 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $21,692,714 $71,245,001 
Net realized gain (loss) 100,813,827 79,597,248 
Change in net unrealized appreciation (depreciation) 117,111,749 221,525,569 
Net increase (decrease) in net assets resulting from operations 239,618,290 372,367,818 
Distributions to shareholders from net investment income (11,553,873) (71,220,043) 
Distributions to shareholders from net realized gain (49,891,727) (73,776,491) 
Total distributions (61,445,600) (144,996,534) 
Share transactions - net increase (decrease) 2,474,407,932 (361,162,304) 
Total increase (decrease) in net assets 2,652,580,622 (133,791,020) 
Net Assets   
Beginning of period 4,137,359,611 4,271,150,631 
End of period $6,789,940,233 $4,137,359,611 
Other Information   
Undistributed net investment income end of period $21,491,398 $11,352,557 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2010 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.56 $14.75 $15.75 $15.51 $14.67 $13.99 
Income from Investment Operations       
Net investment income (loss)A .06 .26 .28 .28 .22 .22 
Net realized and unrealized gain (loss) .78 1.08 (.50) .62 .99 .80 
Total from investment operations .84 1.34 (.22) .90 1.21 1.02 
Distributions from net investment income (.04) (.26) (.29) (.29) (.21) (.24) 
Distributions from net realized gain (.19) (.26) (.49) (.36) (.16) (.10) 
Total distributions (.23) (.53)B (.78) (.66)C (.37) (.34) 
Net asset value, end of period $16.17 $15.56 $14.75 $15.75 $15.51 $14.67 
Total ReturnD,E 5.48% 9.27% (1.42)% 5.91% 8.31% 7.43% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .36%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .36%H -% -% -% -% -% 
Expenses net of all reductions .36%H -% -% -% -% -% 
Net investment income (loss) .78%H 1.69% 1.86% 1.81% 1.43% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,166,501 $4,137,360 $4,271,151 $4,940,590 $5,419,921 $5,879,292 
Portfolio turnover rateF 22%H,J 23% 17% 18% 35% 19% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.53 per share is comprised of distributions from net investment income of $.262 and distributions from net realized gain of $.264 per share.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.294 and distributions from net realized gain of $.361 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.96 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .10 
Total from investment operations .21 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.17 
Total ReturnC,D 1.32% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G,H 
Expenses net of fee waivers, if any .49%G,H 
Expenses net of all reductions .49%G,H 
Net investment income (loss) 3.54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,610,006 
Portfolio turnover rateE 22%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.77 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .33 
Total from investment operations .41 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.18 
Total ReturnC,D 2.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .39%G,H 
Expenses net of fee waivers, if any .39%G,H 
Expenses net of all reductions .39%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,432 
Portfolio turnover rateE 22%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 26.5 26.6 
Fidelity Series Government Money Market Fund 1.09% 9.1 8.8 
Fidelity Series Emerging Markets Fund 6.3 7.2 
Fidelity Series International Growth Fund 5.6 5.6 
Fidelity Series International Value Fund 5.5 5.6 
Fidelity Series Intrinsic Opportunities Fund 5.3 3.6 
Fidelity Series Growth & Income Fund 5.1 4.0 
Fidelity Series Growth Company Fund 4.4 4.7 
Fidelity Series Stock Selector Large Cap Value Fund 3.8 4.1 
Fidelity Series Short-Term Credit Fund 2.7 2.9 
 74.3 73.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.7% 
   International Equity Funds 19.3% 
   Bond Funds 33.2% 
   Short-Term Funds 11.8% 


Six months ago 
   Domestic Equity Funds 37.1% 
   International Equity Funds 19.7% 
   Bond Funds 31.5% 
   Short-Term Funds 11.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.7%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 7,294,547 $120,870,641 
Fidelity Series 1000 Value Index Fund (a) 11,655,244 146,389,861 
Fidelity Series All-Sector Equity Fund (a) 16,899,431 225,945,398 
Fidelity Series Blue Chip Growth Fund (a) 17,466,339 231,254,326 
Fidelity Series Commodity Strategy Fund (a) 39,588,244 207,046,518 
Fidelity Series Growth & Income Fund (a) 34,836,360 529,861,041 
Fidelity Series Growth Company Fund (a) 26,887,935 461,396,963 
Fidelity Series Intrinsic Opportunities Fund (a) 31,884,522 547,776,090 
Fidelity Series Opportunistic Insights Fund (a) 13,978,758 254,832,760 
Fidelity Series Real Estate Equity Fund (a) 3,536,311 45,653,777 
Fidelity Series Small Cap Discovery Fund (a) 5,647,270 67,767,243 
Fidelity Series Small Cap Opportunities Fund (a) 14,961,004 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund (a) 29,673,054 394,354,885 
Fidelity Series Value Discovery Fund (a) 20,387,461 273,599,727 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,777,048,514)  3,715,904,065 
International Equity Funds - 19.3%   
Fidelity Series Canada Fund (a) 5,474,885 58,252,772 
Fidelity Series Emerging Markets Fund (a) 32,032,751 659,874,662 
Fidelity Series International Growth Fund (a) 36,556,856 580,888,445 
Fidelity Series International Small Cap Fund (a) 7,768,717 139,137,720 
Fidelity Series International Value Fund (a) 53,595,885 577,227,685 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,491,775,626)  2,015,381,284 
Bond Funds - 33.2%   
Fidelity Series Emerging Markets Debt Fund (a) 7,241,058 75,741,469 
Fidelity Series Floating Rate High Income Fund (a) 2,585,492 24,536,321 
Fidelity Series High Income Fund (a) 15,854,373 154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,319,887 191,073,685 
Fidelity Series International Credit Fund (a) 520,794 5,233,977 
Fidelity Series Investment Grade Bond Fund (a) 243,823,247 2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,560,204 198,304,190 
Fidelity Series Real Estate Income Fund (a) 4,347,397 48,560,420 
TOTAL BOND FUNDS   
(Cost $3,438,697,548)  3,455,671,113 
Short-Term Funds - 11.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 941,466,548 941,466,548 
Fidelity Series Short-Term Credit Fund (a) 28,542,134 285,135,918 
TOTAL SHORT-TERM FUNDS   
(Cost $1,226,630,992)  1,226,602,466 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $8,934,152,680)  10,413,558,928 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (3,338,855) 
NET ASSETS - 100%  $10,410,220,073 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $66,076,673 $3,658,856 $9,238,060 $-- $2,140,470 $3,826,733  $120,870,641 
Fidelity Series 1000 Value Index Fund 80,656,571 4,432,421 9,522,999 -- 300,476 5,418,975  146,389,861 
Fidelity Series All-Sector Equity Fund 124,616,586 6,891,607 18,838,611 -- 859,021 10,589,101  225,945,398 
Fidelity Series Blue Chip Growth Fund 127,141,191 27,250,215 25,838,564 449,176 5,569,060 (7,704,198 ) 231,254,326 
Fidelity Series Canada Fund -- 43,714,617  296,406 -- 1,660 1,065,725  58,252,772 
Fidelity Series Commodity Strategy Fund 86,815,524 31,424,975  6,593,467  317,632  (1,785,543) 928,215  207,046,518 
Fidelity Series Emerging Markets Debt Fund 39,502,649 3,530,377  2,165,930  1,334,852  9,416 678,553  75,741,469 
Fidelity Series Emerging Markets Fund 385,531,580 22,753,341 155,887,829 -- 20,440,485 36,290,590  659,874,662 
Fidelity Series Floating Rate High Income Fund 13,161,870 1,083,837  890,104  328,677  (17,494) (23,964 ) 24,536,321 
Fidelity Series Government Money Market Fund 1.09% 465,951,336 74,442,393  31,461,673 2,445,086  -- -- 941,466,548 
Fidelity Series Growth & Income Fund 214,234,599 90,085,479 (a) 27,309,155 1,173,703  603,167 17,520,594  529,861,041 
Fidelity Series Growth Company Fund 251,720,311 12,525,176 53,138,053 -- 16,906,231 25,080,249  461,396,963 
Fidelity Series High Income Fund 80,807,497 7,085,943  5,349,212  2,454,800  (55,992) 1,741,061  154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund 100,136,299 8,595,263  6,945,280 65,418  (213,553) (597,173 ) 191,073,685 
Fidelity Series International Credit Fund -- 2,725,054  1,593 -- -- 1,195  5,233,977 
Fidelity Series International Growth Fund 297,558,345 17,699,151 44,986,739 -- 6,632,755 34,724,425  580,888,445 
Fidelity Series International Small Cap Fund 67,362,639 4,133,626 7,427,961 -- 1,150,769 10,516,966  139,137,720 
Fidelity Series International Value Fund 298,332,821 20,464,327 48,428,562 -- 1,511,866 37,036,899  577,227,685 
Fidelity Series Intrinsic Opportunities Fund 192,372,784 98,647,716 (a) 1,704,395 3,823,770  (5,598) 11,758,847  547,776,090 
Fidelity Series Investment Grade Bond Fund 1,419,019,666 148,413,447  93,816,686  19,770,738  (114,624) 8,782,887  2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund 1,278,499 155,717,243  1,916,202 511,695  (81,544) (2,220,250 ) 198,304,190 
Fidelity Series Opportunistic Insights Fund 139,516,224 7,767,337 26,613,754 -- 9,035,590 9,817,475  254,832,760 
Fidelity Series Real Estate Equity Fund 25,334,235 2,603,365 2,694,981 206,902  50,077 (420,142 ) 45,653,777 
Fidelity Series Real Estate Income Fund 26,101,304 2,587,536  2,148,323  654,615  121,461 37,231  48,560,420 
Fidelity Series Short-Term Credit Fund 154,330,220 10,162,475  10,654,959  1,350,190  (3,750) (94,505 ) 285,135,918 
Fidelity Series Small Cap Discovery Fund 38,011,077 2,200,249  5,147,297  168,300  539,249 2,823,589  67,767,243 
Fidelity Series Small Cap Opportunities Fund 112,505,917 21,072,338  12,015,733  390,215  935,362 (4,364,704 ) 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund 215,817,782 11,917,131 23,721,293  -- 1,831,301 12,605,472  394,354,885 
Fidelity Series Value Discovery Fund 303,444,086 10,770,749 170,304,601(a) 2,329,667 29,494,897 (21,567,872 ) 273,599,727 
Total $5,327,338,285 $854,356,244 $805,058,422 $37,775,436  $95,855,215 $194,251,974  $10,413,558,928 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,934,152,680) — See accompanying schedule  $10,413,558,928 
Cash  261 
Receivable for investments sold  1,769,504 
Receivable for fund shares sold  11,075,836 
Dividends receivable  1,359,589 
Total assets  10,427,764,118 
Liabilities   
Payable for fund shares redeemed $12,876,849  
Accrued management fee 4,667,196  
Total liabilities  17,544,045 
Net Assets  $10,410,220,073 
Net Assets consist of:   
Paid in capital  $8,766,379,397 
Undistributed net investment income  25,763,063 
Accumulated undistributed net realized gain (loss) on investments  138,671,365 
Net unrealized appreciation (depreciation) on investments  1,479,406,248 
Net Assets  $10,410,220,073 
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($5,432,013,739 ÷ 405,061,495 shares)  $13.41 
Class K:   
Net Asset Value, offering price and redemption price per share ($4,936,256,589 ÷ 368,158,182 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($41,949,745 ÷ 3,127,342 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $37,775,436 
Expenses   
Management fee $11,922,536  
Independent trustees' fees and expenses 9,786  
Total expenses before reductions 11,932,322  
Expense reductions (3,493) 11,928,829 
Net investment income (loss)  25,846,607 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 95,855,215  
Capital gain distributions from underlying funds 55,140,091  
Total net realized gain (loss)  150,995,306 
Change in net unrealized appreciation (depreciation) on underlying funds  194,251,974 
Net gain (loss)  345,247,280 
Net increase (decrease) in net assets resulting from operations  $371,093,887 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,846,607 $89,650,009 
Net realized gain (loss) 150,995,306 106,292,644 
Change in net unrealized appreciation (depreciation) 194,251,974 338,617,512 
Net increase (decrease) in net assets resulting from operations 371,093,887 534,560,165 
Distributions to shareholders from net investment income (13,537,555) (89,847,108) 
Distributions to shareholders from net realized gain (71,790,066) (104,826,159) 
Total distributions (85,327,621) (194,673,267) 
Share transactions - net increase (decrease) 4,797,140,364 (366,715,793) 
Total increase (decrease) in net assets 5,082,906,630 (26,828,895) 
Net Assets   
Beginning of period 5,327,313,443 5,354,142,338 
End of period $10,410,220,073 $5,327,313,443 
Other Information   
Undistributed net investment income end of period $25,763,063 $13,454,011 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2015 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.82 $12.03 $12.92 $12.91 $12.28 $11.69 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .23 .23 .18 .18 
Net realized and unrealized gain (loss) .76 1.04 (.46) .57 .91 .69 
Total from investment operations .80 1.25 (.23) .80 1.09 .87 
Distributions from net investment income (.03) (.21) (.23) (.25) (.18) (.20) 
Distributions from net realized gain (.18) (.24) (.43) (.54) (.28) (.08) 
Total distributions (.21) (.46)B (.66) (.79) (.46) (.28) 
Net asset value, end of period $13.41 $12.82 $12.03 $12.92 $12.91 $12.28 
Total ReturnC,D 6.29% 10.63% (1.83)% 6.42% 8.95% 7.60% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .39%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .39%G -% -% -% -% -% 
Expenses net of all reductions .39%G -% -% -% -% -% 
Net investment income (loss) .59%G 1.69% 1.87% 1.83% 1.47% 1.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,432,014 $5,327,313 $5,354,142 $6,056,161 $6,388,485 $6,507,169 
Portfolio turnover rateE 29%G,I 21% 17% 18% 39% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.46 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.243 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.21 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .12 
Total from investment operations .20 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 1.51% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .53%G,H 
Expenses net of fee waivers, if any .53%G,H 
Expenses net of all reductions .53%G,H 
Net investment income (loss) 3.35%G 
Supplemental Data  
Net assets, end of period (000 omitted) $4,936,257 
Portfolio turnover rateE 29%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.03 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .32 
Total from investment operations .38 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.92% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .41%G,H 
Expenses net of fee waivers, if any .41%G,H 
Expenses net of all reductions .41%G,H 
Net investment income (loss) 1.51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $41,950 
Portfolio turnover rateE 29%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 23.9 24.2 
Fidelity Series Emerging Markets Fund 6.9 7.7 
Fidelity Series Government Money Market Fund 1.09% 6.8 6.6 
Fidelity Series International Value Fund 6.2 6.3 
Fidelity Series International Growth Fund 6.1 6.2 
Fidelity Series Intrinsic Opportunities Fund 5.8 4.0 
Fidelity Series Growth & Income Fund 5.8 4.5 
Fidelity Series Growth Company Fund 5.0 5.3 
Fidelity Series Stock Selector Large Cap Value Fund 4.3 4.6 
Fidelity Series Value Discovery Fund 3.0 6.4 
 73.8 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 40.1% 
   International Equity Funds 21.3% 
   Bond Funds 29.8% 
   Short-Term Funds 8.8% 


Six months ago 
   Domestic Equity Funds 41.4% 
   International Equity Funds 21.6% 
   Bond Funds 28.2% 
   Short-Term Funds 8.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 40.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,764,418 $393,776,399 
Fidelity Series 1000 Value Index Fund (a) 37,970,318 476,907,194 
Fidelity Series All-Sector Equity Fund (a) 55,060,752 736,162,260 
Fidelity Series Blue Chip Growth Fund (a) 56,905,430 753,427,895 
Fidelity Series Commodity Strategy Fund (a) 113,632,510 594,298,026 
Fidelity Series Growth & Income Fund (a) 113,430,079 1,725,271,497 
Fidelity Series Growth Company Fund (a) 87,604,274 1,503,289,346 
Fidelity Series Intrinsic Opportunities Fund (a) 101,182,512 1,738,315,556 
Fidelity Series Opportunistic Insights Fund (a) 45,539,608 830,187,061 
Fidelity Series Real Estate Equity Fund (a) 11,516,962 148,683,977 
Fidelity Series Small Cap Discovery Fund (a) 18,424,189 221,090,266 
Fidelity Series Small Cap Opportunities Fund (a) 48,834,105 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund (a) 96,708,103 1,285,250,693 
Fidelity Series Value Discovery Fund (a) 66,489,652 892,291,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,105,127,336)  11,981,652,093 
International Equity Funds - 21.3%   
Fidelity Series Canada Fund (a) 17,481,540 186,003,582 
Fidelity Series Emerging Markets Fund (a) 99,889,352 2,057,720,656 
Fidelity Series International Growth Fund (a) 114,805,830 1,824,264,644 
Fidelity Series International Small Cap Fund (a) 24,791,803 444,021,196 
Fidelity Series International Value Fund (a) 173,804,680 1,871,876,401 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,828,186,164)  6,383,886,479 
Bond Funds - 29.8%   
Fidelity Series Emerging Markets Debt Fund (a) 20,436,300 213,763,699 
Fidelity Series Floating Rate High Income Fund (a) 7,357,514 69,822,812 
Fidelity Series High Income Fund (a) 45,217,567 440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund (a) 31,250,423 309,066,680 
Fidelity Series International Credit Fund (a) 1,771,433 17,802,898 
Fidelity Series Investment Grade Bond Fund (a) 631,789,674 7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 63,660,848 559,578,857 
Fidelity Series Real Estate Income Fund (a) 12,643,636 141,229,415 
TOTAL BOND FUNDS   
(Cost $8,925,756,292)  8,897,676,857 
Short-Term Funds - 8.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 2,028,402,920 2,028,402,920 
Fidelity Series Short-Term Credit Fund (a) 61,531,510 614,699,784 
TOTAL SHORT-TERM FUNDS   
(Cost $2,643,195,260)  2,643,102,704 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $25,502,265,052)  29,906,318,133 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (9,956,030) 
NET ASSETS - 100%  $29,896,362,103 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $170,750,619 $11,809,119  $18,184,161  $-- $4,130,809 $13,299,103  $393,776,399 
Fidelity Series 1000 Value Index Fund 207,961,357 14,200,488  17,062,228  -- 481,296  17,566,332  476,907,194 
Fidelity Series All-Sector Equity Fund 322,024,207 22,194,444  37,962,130  -- 1,467,705 31,642,478  736,162,260 
Fidelity Series Blue Chip Growth Fund 328,551,300 88,776,692  56,546,879  1,459,710  12,326,698 (28,192,417 ) 753,427,895 
Fidelity Series Canada Fund -- 126,123,705  601,503  -- 2,546 3,578,974  186,003,582 
Fidelity Series Commodity Strategy Fund 200,800,153 77,745,506  10,820,323  909,720 (4,711,453) 2,137,770  594,298,026 
Fidelity Series Emerging Markets Debt Fund 88,753,315 9,328,475  3,513,279  3,173,778  (19,430) 1,344,170  213,763,699 
Fidelity Series Emerging Markets Fund 948,146,671 69,296,644  390,924,187  -- 45,693,424  95,563,383  2,057,720,656 
Fidelity Series Floating Rate High Income Fund 30,322,371 2,930,330  1,432,945  800,992  (8,318) (88,720 ) 69,822,812 
Fidelity Series Government Money Market Fund 1.09% 809,950,560 142,025,549  38,042,964  4,532,837  -- -- 2,028,402,920 
Fidelity Series Growth & Income Fund 552,716,408 246,080,924 (a) 46,880,943  3,097,389  541,100 59,294,136  1,725,271,497 
Fidelity Series Growth Company Fund 649,984,509 39,646,954  114,084,490 -- 37,533,769 78,448,179  1,503,289,346 
Fidelity Series High Income Fund 186,345,032 19,049,912  8,635,671  5,979,230  (57,600) 4,547,539  440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund 134,445,865 10,622,766  6,589,548  93,226  (182,030) (1,485,207 ) 309,066,680 
Fidelity Series International Credit Fund -- 7,694,671  1,585 -- -- (11,641 ) 17,802,898 
Fidelity Series International Growth Fund 763,723,461 56,043,064  130,632,859  -- 16,426,602 93,247,021  1,824,264,644 
Fidelity Series International Small Cap Fund 172,981,588 13,010,160  15,075,820  -- 1,773,718 29,313,454  444,021,196 
Fidelity Series International Value Fund 765,710,516 62,357,236  86,319,291  -- 1,105,041 107,246,512  1,871,876,401 
Fidelity Series Intrinsic Opportunities Fund 495,457,872 281,448,881 (a) 3,336,376  12,134,357  (13,061) 27,090,074  1,738,315,556 
Fidelity Series Investment Grade Bond Fund 2,965,065,514 356,128,097  137,553,735  43,758,417  (727,961) 8,698,875  7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund 2,611,672 412,095,912 3,464,380  1,302,506  (140,410) (7,253,968 ) 559,578,857 
Fidelity Series Opportunistic Insights Fund 360,528,573 25,018,163  56,968,572  -- 19,484,826 32,835,942  830,187,061 
Fidelity Series Real Estate Equity Fund 65,271,789 8,261,159  4,158,885  551,982 31,444 (1,313,116 ) 148,683,977 
Fidelity Series Real Estate Income Fund 60,042,005 7,593,341  2,715,471 1,553,742  2,371 324,156  141,229,415 
Fidelity Series Short-Term Credit Fund 268,102,615 21,121,158  12,926,613  2,491,237  2,886 (514,639 ) 614,699,784 
Fidelity Series Small Cap Discovery Fund 97,945,381 6,927,310  9,710,526  438,166 945,721 10,321,406  221,090,266 
Fidelity Series Small Cap Opportunities Fund 290,999,903 68,329,532  21,407,678  1,270,431  952,308 (12,215,007 ) 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund 557,188,889 38,303,571  41,290,458  -- 1,181,455 44,568,905  1,285,250,693 
Fidelity Series Value Discovery Fund 782,895,867 33,425,098  426,707,728(a) 6,119,016 60,789,162 (34,679,214 ) 892,291,132 
Total $12,279,278,012 $2,277,588,861 $1,703,551,228 $89,666,736  $199,012,618  $575,314,480  $29,906,318,133 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,502,265,052) — See accompanying schedule  $29,906,318,133 
Cash  139 
Receivable for investments sold  4,969,733 
Receivable for fund shares sold  40,864,387 
Dividends receivable  4,160,193 
Other receivables  161,902 
Total assets  29,956,474,487 
Liabilities   
Payable for fund shares redeemed $45,838,195  
Accrued management fee 14,112,290  
Other payables and accrued expenses 161,899  
Total liabilities  60,112,384 
Net Assets  $29,896,362,103 
Net Assets consist of:   
Paid in capital  $25,090,417,528 
Undistributed net investment income  57,089,551 
Accumulated undistributed net realized gain (loss) on investments  344,801,943 
Net unrealized appreciation (depreciation) on investments  4,404,053,081 
Net Assets  $29,896,362,103 
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($12,797,571,194 ÷ 775,569,064 shares)  $16.50 
Class K:   
Net Asset Value, offering price and redemption price per share ($16,952,477,039 ÷ 1,027,235,890 shares)  $16.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($146,313,870 ÷ 8,859,976 shares)  $16.51 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $89,666,736 
Expenses   
Management fee $31,772,443  
Independent trustees' fees and expenses 24,150  
Total expenses before reductions 31,796,593  
Expense reductions (8,733) 31,787,860 
Net investment income (loss)  57,878,876 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 199,012,618  
Capital gain distributions from underlying funds 174,019,579  
Total net realized gain (loss)  373,032,197 
Change in net unrealized appreciation (depreciation) on underlying funds  575,314,480 
Net gain (loss)  948,346,677 
Net increase (decrease) in net assets resulting from operations  $1,006,225,553 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $57,878,876 $201,004,333 
Net realized gain (loss) 373,032,197 242,145,200 
Change in net unrealized appreciation (depreciation) 575,314,480 856,403,668 
Net increase (decrease) in net assets resulting from operations 1,006,225,553 1,299,553,201 
Distributions to shareholders from net investment income (28,799,746) (200,026,428) 
Distributions to shareholders from net realized gain (168,906,642) (252,757,975) 
Total distributions (197,706,388) (452,784,403) 
Share transactions - net increase (decrease) 16,808,602,611 (300,508,340) 
Total increase (decrease) in net assets 17,617,121,776 546,260,458 
Net Assets   
Beginning of period 12,279,240,327 11,732,979,869 
End of period $29,896,362,103 $12,279,240,327 
Other Information   
Undistributed net investment income end of period $57,089,551 $28,010,421 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2020 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.70 $14.63 $15.76 $15.81 $14.94 $14.16 
Income from Investment Operations       
Net investment income (loss)A .04 .25 .28 .28 .23 .24 
Net realized and unrealized gain (loss) 1.01 1.40 (.60) .73 1.22 .89 
Total from investment operations 1.05 1.65 (.32) 1.01 1.45 1.13 
Distributions from net investment income (.04) (.26) (.28) (.29) (.23) (.25) 
Distributions from net realized gain (.22) (.32) (.53) (.77) (.36) (.10) 
Total distributions (.25)B (.58) (.81) (1.06) (.58)C (.35) 
Net asset value, end of period $16.50 $15.70 $14.63 $15.76 $15.81 $14.94 
Total ReturnD,E 6.79% 11.57% (2.10)% 6.71% 9.83% 8.12% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .41%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .41%H -% -% -% -% -% 
Expenses net of all reductions .41%H -% -% -% -% -% 
Net investment income (loss) .44%H 1.69% 1.83% 1.83% 1.49% 1.65% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,797,571 $12,279,240 $11,732,980 $12,868,898 $13,343,983 $13,579,950 
Portfolio turnover rateF 26 %H,J 19% 17% 17% 39% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.25 per share is comprised of distributions from net investment income of $.037 and distributions from net realized gain of $.217 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.228 and distributions from net realized gain of $.356 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.24 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .17 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.50 
Total ReturnC,D 1.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .56%G,H 
Expenses net of fee waivers, if any .56%G,H 
Expenses net of all reductions .56%G,H 
Net investment income (loss) 3.02%G 
Supplemental Data  
Net assets, end of period (000 omitted) $16,952,477 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .44 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.51 
Total ReturnC,D 3.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .43%G,H 
Expenses net of fee waivers, if any .43%G,H 
Expenses net of all reductions .43%G,H 
Net investment income (loss) 1.32%G 
Supplemental Data  
Net assets, end of period (000 omitted) $146,314 
Portfolio turnover rateE 26%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 20.5 20.7 
Fidelity Series Emerging Markets Fund 7.3 8.1 
Fidelity Series International Growth Fund 6.8 6.8 
Fidelity Series International Value Fund 6.7 6.8 
Fidelity Series Growth & Income Fund 6.4 5.0 
Fidelity Series Intrinsic Opportunities Fund 6.4 4.4 
Fidelity Series Growth Company Fund 5.6 5.9 
Fidelity Series Government Money Market Fund 1.09% 5.1 4.9 
Fidelity Series Stock Selector Large Cap Value Fund 4.8 5.0 
Fidelity Series Value Discovery Fund 3.3 7.1 
 72.9 74.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.3% 
   International Equity Funds 23.1% 
   Bond Funds 26.0% 
   Short-Term Funds 6.6% 


Six months ago 
   Domestic Equity Funds 45.7% 
   International Equity Funds 23.3% 
   Bond Funds 24.5% 
   Short-Term Funds 6.5% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,106,225 $382,870,153 
Fidelity Series 1000 Value Index Fund (a) 36,938,973 463,953,504 
Fidelity Series All-Sector Equity Fund (a) 53,538,839 715,814,282 
Fidelity Series Blue Chip Growth Fund (a) 55,331,943 732,594,922 
Fidelity Series Commodity Strategy Fund (a) 99,275,045 519,208,484 
Fidelity Series Growth & Income Fund (a) 110,309,342 1,677,805,086 
Fidelity Series Growth Company Fund (a) 85,184,554 1,461,766,943 
Fidelity Series Intrinsic Opportunities Fund (a) 96,710,147 1,661,480,323 
Fidelity Series Opportunistic Insights Fund (a) 44,278,993 807,206,048 
Fidelity Series Real Estate Equity Fund (a) 11,199,954 144,591,402 
Fidelity Series Small Cap Discovery Fund (a) 17,918,354 215,020,248 
Fidelity Series Small Cap Opportunities Fund (a) 47,489,050 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 94,062,171 1,250,086,253 
Fidelity Series Value Discovery Fund (a) 64,679,962 868,005,093 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,934,969,528)  11,564,299,664 
International Equity Funds - 23.1%   
Fidelity Series Canada Fund (a) 16,680,509 177,480,614 
Fidelity Series Emerging Markets Fund (a) 93,283,795 1,921,646,175 
Fidelity Series International Growth Fund (a) 111,095,498 1,765,307,455 
Fidelity Series International Small Cap Fund (a) 23,655,045 423,661,858 
Fidelity Series International Value Fund (a) 163,408,109 1,759,905,336 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,667,777,751)  6,048,001,438 
Bond Funds - 26.0%   
Fidelity Series Emerging Markets Debt Fund (a) 17,488,986 182,934,794 
Fidelity Series Floating Rate High Income Fund (a) 6,374,794 60,496,791 
Fidelity Series High Income Fund (a) 39,078,710 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,453,558 192,395,691 
Fidelity Series International Credit Fund (a) 1,531,359 15,390,157 
Fidelity Series Investment Grade Bond Fund (a) 474,669,815 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 55,246,249 485,614,528 
Fidelity Series Real Estate Income Fund (a) 10,930,829 122,097,358 
TOTAL BOND FUNDS   
(Cost $6,821,415,837)  6,808,462,343 
Short-Term Funds - 6.6%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 1,325,218,039 1,325,218,039 
Fidelity Series Short-Term Credit Fund (a) 39,320,942 392,816,213 
TOTAL SHORT-TERM FUNDS   
(Cost $1,718,177,848)  1,718,034,252 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $22,142,340,964)  26,138,797,697 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (13,034,569) 
NET ASSETS - 100%  $26,125,763,128 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $150,442,258 $17,770,108 $13,926,515 $-- $2,580,063 $13,685,127 $382,870,153 
Fidelity Series 1000 Value Index Fund 182,904,928 21,400,938 12,071,856 -- 192,582 17,095,739 463,953,504 
Fidelity Series All-Sector Equity Fund 283,721,155 33,373,903 29,530,763 -- 1,295,271 29,454,693 715,814,282 
Fidelity Series Blue Chip Growth Fund 289,473,741 97,752,438 45,555,331 1,415,194 9,286,374 (27,583,711) 732,594,922 
Fidelity Series Canada Fund -- 114,695,640 585,619 -- 1,646 3,587,816 177,480,614 
Fidelity Series Commodity Strategy Fund 160,807,201 71,816,731 7,328,290 792,490 (396,156) (1,877,440) 519,208,484 
Fidelity Series Emerging Markets Debt Fund 70,309,321 10,649,918 2,362,410 2,409,201 7,641 1,007,194 182,934,794 
Fidelity Series Emerging Markets Fund 795,230,582 96,529,103 320,854,275 -- 27,798,589 92,361,573 1,921,646,175 
Fidelity Series Floating Rate High Income Fund 23,882,508 3,472,533 954,171 605,940 314 (80,041) 60,496,791 
Fidelity Series Government Money Market Fund 1.09% 474,107,523 119,798,762 18,851,996 2,560,346 -- -- 1,325,218,039 
Fidelity Series Growth & Income Fund 486,185,498 250,615,763(a) 32,538,807 2,769,141 (72,825) 57,994,298 1,677,805,086 
Fidelity Series Growth Company Fund 572,602,766 57,675,218 87,445,893 -- 28,584,635 77,091,162 1,461,766,943 
Fidelity Series High Income Fund 146,512,107 22,408,747 5,763,981 4,522,030 14,067 3,739,826 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund 79,763,875 9,190,354 3,050,563 52,145 2,353 (1,061,431) 192,395,691 
Fidelity Series International Credit Fund -- 6,324,674 261 -- -- (13,324) 15,390,157 
Fidelity Series International Growth Fund 665,002,902 81,689,934 84,870,358 -- 3,322,578 94,245,504 1,765,307,455 
Fidelity Series International Small Cap Fund 151,128,896 19,101,564 12,225,981 -- 941,536 26,783,666 423,661,858 
Fidelity Series International Value Fund 666,738,770 88,903,699 96,127,364 -- 2,224,988 95,866,122 1,759,905,336 
Fidelity Series Intrinsic Opportunities Fund 433,865,637 283,785,598(a) 3,098,961 11,568,988 (9,731) 22,752,207 1,661,480,323 
Fidelity Series Investment Grade Bond Fund 2,024,582,252 359,039,654 79,054,902 28,761,243 (253,596) 2,837,534 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund 1,635,459 353,041,427 2,247,932 1,002,894 (105,485) (6,485,847) 485,614,528 
Fidelity Series Opportunistic Insights Fund 317,647,343 37,629,326 45,931,118 -- 14,465,801 33,350,217 807,206,048 
Fidelity Series Real Estate Equity Fund 57,575,442 10,421,048 2,961,889 505,120 (53,272) (1,247,988) 144,591,402 
Fidelity Series Real Estate Income Fund 47,340,033 8,758,997 1,813,230 1,266,465 (2,134) 224,601 122,097,358 
Fidelity Series Short-Term Credit Fund 156,027,873 20,068,448 6,405,256 1,400,011 477 (388,377) 392,816,213 
Fidelity Series Small Cap Discovery Fund 86,218,504 10,252,279 7,258,323 390,598 339,665 10,637,027 215,020,248 
Fidelity Series Small Cap Opportunities Fund 257,643,145 76,921,465 16,424,281 1,231,852 (57,643) (10,894,038) 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund 492,174,859 57,783,134 30,733,524 -- 159,754 43,760,183 1,250,086,253 
Fidelity Series Value Discovery Fund 691,035,348 48,648,009 374,607,703(a) 5,458,763 39,081,853 (13,797,798) 868,005,093 
Total $9,764,559,926 $2,389,519,412 $1,344,581,553 $66,712,421 $129,349,345 $563,044,494 $26,138,797,697 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $22,142,340,964) — See accompanying schedule  $26,138,797,697 
Receivable for investments sold  497,474 
Receivable for fund shares sold  35,222,359 
Total assets  26,174,517,530 
Liabilities   
Payable for investments purchased $7,713,559  
Payable for fund shares redeemed 27,991,541  
Accrued management fee 13,049,302  
Total liabilities  48,754,402 
Net Assets  $26,125,763,128 
Net Assets consist of:   
Paid in capital  $21,817,679,164 
Undistributed net investment income  37,809,658 
Accumulated undistributed net realized gain (loss) on investments  273,817,573 
Net unrealized appreciation (depreciation) on investments  3,996,456,733 
Net Assets  $26,125,763,128 
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($10,446,711,490 ÷ 732,481,783 shares)  $14.26 
Class K:   
Net Asset Value, offering price and redemption price per share ($15,401,033,369 ÷ 1,079,987,759 shares)  $14.26 
Class K6:   
Net Asset Value, offering price and redemption price per share ($278,018,269 ÷ 19,475,830 shares)  $14.28 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,712,421 
Expenses   
Management fee $28,191,618  
Independent trustees' fees and expenses 18,324  
Total expenses before reductions 28,209,942  
Expense reductions (6,404) 28,203,538 
Net investment income (loss)  38,508,883 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 129,349,345  
Capital gain distributions from underlying funds 166,947,018  
Total net realized gain (loss)  296,296,363 
Change in net unrealized appreciation (depreciation) on underlying funds  563,044,494 
Net gain (loss)  859,340,857 
Net increase (decrease) in net assets resulting from operations  $897,849,740 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $38,508,883 $151,298,835 
Net realized gain (loss) 296,296,363 179,330,142 
Change in net unrealized appreciation (depreciation) 563,044,494 740,586,840 
Net increase (decrease) in net assets resulting from operations 897,849,740 1,071,215,817 
Distributions to shareholders from net investment income (20,288,985) (147,758,780) 
Distributions to shareholders from net realized gain (126,806,087) (204,066,897) 
Total distributions (147,095,072) (351,825,677) 
Share transactions - net increase (decrease) 15,610,461,159 327,589,461 
Total increase (decrease) in net assets 16,361,215,827 1,046,979,601 
Net Assets   
Beginning of period 9,764,547,301 8,717,567,700 
End of period $26,125,763,128 $9,764,547,301 
Other Information   
Undistributed net investment income end of period $37,809,658 $19,589,760 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2025 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.50 $12.49 $13.51 $13.49 $12.58 $11.81 
Income from Investment Operations       
Net investment income (loss)A .02 .21 .22 .24 .20 .21 
Net realized and unrealized gain (loss) .94 1.30 (.54) .69 1.30 .84 
Total from investment operations .96 1.51 (.32) .93 1.50 1.05 
Distributions from net investment income (.03) (.21) (.23) (.25) (.20) (.22) 
Distributions from net realized gain (.18) (.29) (.47) (.66) (.39) (.06) 
Total distributions (.20)B (.50) (.70) (.91) (.59) (.28) 
Net asset value, end of period $14.26 $13.50 $12.49 $13.51 $13.49 $12.58 
Total ReturnC,D 7.21% 12.46% (2.50)% 7.23% 12.08% 9.03% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .45%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .45%G -% -% -% -% -% 
Expenses net of all reductions .45%G -% -% -% -% -% 
Net investment income (loss) .28%G 1.66% 1.75% 1.81% 1.53% 1.73% 
Supplemental Data       
Net assets, end of period (000 omitted) $10,446,711 $9,764,547 $8,717,568 $9,054,681 $8,865,153 $8,229,885 
Portfolio turnover rateF 25%G,I 19% 17% 19% 46% 31% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.20 per share is comprised of distributions from net investment income of $.028 and distributions from net realized gain of $.175 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.02 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .17 
Total from investment operations .24 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.26 
Total ReturnC,D 1.71% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .60%G,H 
Expenses net of fee waivers, if any .60%G,H 
Expenses net of all reductions .60%G,H 
Net investment income (loss) 2.62%G 
Supplemental Data  
Net assets, end of period (000 omitted) $15,401,033 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.80 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .43 
Total from investment operations .48 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.28 
Total ReturnC,D 3.48% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G 
Expenses net of fee waivers, if any .45%G 
Expenses net of all reductions .45%G 
Net investment income (loss) 1.10%G 
Supplemental Data  
Net assets, end of period (000 omitted) $278,018 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 12.8 12.1 
Fidelity Series Emerging Markets Fund 8.3 9.2 
Fidelity Series International Value Fund 8.1 8.3 
Fidelity Series International Growth Fund 8.0 8.2 
Fidelity Series Growth & Income Fund 7.8 6.1 
Fidelity Series Intrinsic Opportunities Fund 7.7 5.4 
Fidelity Series Growth Company Fund 6.8 7.2 
Fidelity Series Stock Selector Large Cap Value Fund 5.9 6.2 
Fidelity Series Value Discovery Fund 4.0 8.7 
Fidelity Series Opportunistic Insights Fund 3.8 4.0 
 73.2 75.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.5% 
   International Equity Funds 27.1% 
   Bond Funds 18.4% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 55.5% 
   International Equity Funds 27.6% 
   Bond Funds 15.9% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.5%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 33,011,459 $546,999,877 
Fidelity Series 1000 Value Index Fund (a) 52,669,817 661,532,902 
Fidelity Series All-Sector Equity Fund (a) 76,462,043 1,022,297,520 
Fidelity Series Blue Chip Growth Fund (a) 79,024,332 1,046,282,159 
Fidelity Series Commodity Strategy Fund (a) 114,721,890 599,995,484 
Fidelity Series Growth & Income Fund (a) 157,617,115 2,397,356,321 
Fidelity Series Growth Company Fund (a) 121,635,719 2,087,268,939 
Fidelity Series Intrinsic Opportunities Fund (a) 137,166,404 2,356,518,816 
Fidelity Series Opportunistic Insights Fund (a) 63,234,666 1,152,767,965 
Fidelity Series Real Estate Equity Fund (a) 15,960,991 206,056,391 
Fidelity Series Small Cap Discovery Fund (a) 25,614,110 307,369,323 
Fidelity Series Small Cap Opportunities Fund (a) 67,573,854 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund (a) 134,477,716 1,787,208,852 
Fidelity Series Value Discovery Fund (a) 91,942,953 1,233,874,433 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,618,949,993)  16,350,211,462 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 23,175,007 246,582,079 
Fidelity Series Emerging Markets Fund (a) 123,414,039 2,542,329,208 
Fidelity Series International Growth Fund (a) 153,929,291 2,445,936,434 
Fidelity Series International Small Cap Fund (a) 32,919,734 589,592,441 
Fidelity Series International Value Fund (a) 228,573,280 2,461,734,226 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,487,947,253)  8,286,174,388 
Bond Funds - 18.4%   
Fidelity Series Emerging Markets Debt Fund (a) 20,064,580 209,875,508 
Fidelity Series Floating Rate High Income Fund (a) 7,277,303 69,061,607 
Fidelity Series High Income Fund (a) 45,086,473 439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund (a) 24,283,674 240,165,531 
Fidelity Series International Credit Fund (a) 1,490,851 14,983,057 
Fidelity Series Investment Grade Bond Fund (a) 347,173,705 3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 67,286,236 591,446,015 
Fidelity Series Real Estate Income Fund (a) 12,602,356 140,768,319 
TOTAL BOND FUNDS   
(Cost $5,607,118,317)  5,632,427,758 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 250,372,725 250,372,725 
Fidelity Series Short-Term Credit Fund (a) 7,102,241 70,951,385 
TOTAL SHORT-TERM FUNDS   
(Cost $321,208,253)  321,324,110 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $25,035,223,816)  30,590,137,718 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (16,181,965) 
NET ASSETS - 100%  $30,573,955,753 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $213,000,452 $21,692,560  $16,325,500  $-- $3,812,277  $19,335,306  $546,999,877 
Fidelity Series 1000 Value Index Fund 258,439,164 26,478,796  13,375,483  -- 216,212  24,370,225  661,532,902 
Fidelity Series All-Sector Equity Fund 401,700,789 40,655,742  35,764,416  -- 1,758,398  41,974,050  1,022,297,520 
Fidelity Series Blue Chip Growth Fund 409,846,594 132,790,534  58,565,935  2,023,938  12,448,991  (39,069,447 ) 1,046,282,159 
Fidelity Series Canada Fund -- 146,697,407  795,528  -- 2,717  5,694,458  246,582,079 
Fidelity Series Commodity Strategy Fund 181,305,844 84,155,693  7,359,092  917,038  (676,017) (1,868,533 ) 599,995,484 
Fidelity Series Emerging Markets Debt Fund 79,431,440 10,909,906  2,377,066  2,723,928  22,223 1,107,979  209,875,508 
Fidelity Series Emerging Markets Fund 1,036,984,669 108,636,109  393,397,067  -- 37,006,559  120,264,472  2,542,329,208 
Fidelity Series Floating Rate High Income Fund 27,384,693 3,531,146  966,728  693,651  (424 ) (91,512 ) 69,061,607 
Fidelity Series Government Money Market Fund 1.09% 86,241,591 24,257,840  3,118,202  487,883  -- -- 250,372,725 
Fidelity Series Growth & Income Fund 688,738,261 346,802,406 (a) 38,076,989  3,932,932  (132,722 ) 82,574,226  2,397,356,321 
Fidelity Series Growth Company Fund 811,270,155 72,934,600  117,608,255  -- 39,260,168  111,076,841  2,087,268,939 
Fidelity Series High Income Fund 170,348,294 22,990,323  5,823,640  5,248,071  10,513  4,329,082  439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund 100,796,632 6,505,475  4,522,867  64,468  (42,668) (1,317,983 ) 240,165,531 
Fidelity Series International Credit Fund -- 6,160,029  166  -- -- (12,944 ) 14,983,057 
Fidelity Series International Growth Fund 933,125,645 97,816,457  126,987,816  -- 5,039,439  130,891,960  2,445,936,434 
Fidelity Series International Small Cap Fund 212,846,304 22,838,989  18,628,686  -- 1,656,338  37,079,991  589,592,441 
Fidelity Series International Value Fund 935,212,029 100,123,420  111,202,171  -- 561,861 136,021,605  2,461,734,226 
Fidelity Series Intrinsic Opportunities Fund 613,420,497 388,543,479 (a) 2,974,630  16,427,077  (8,953) 31,890,043  2,356,518,816 
Fidelity Series Investment Grade Bond Fund 1,367,569,367 350,649,953  49,895,086  20,423,289  (258,499) 984,124  3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund 940,915 435,836,830  2,155,676  1,191,327  (98,995) (8,086,965 ) 591,446,015 
Fidelity Series Opportunistic Insights Fund 449,735,472 45,823,236  58,331,289  -- 19,400,784 48,508,852  1,152,767,965 
Fidelity Series Real Estate Equity Fund 81,538,943 13,761,115  3,176,864  714,512  (21,612) (1,824,237 ) 206,056,391 
Fidelity Series Real Estate Income Fund 54,581,853 9,204,785 1,833,281  1,449,568  (1,263) 269,338  140,768,319 
Fidelity Series Short-Term Credit Fund 28,157,403 3,172,315  1,075,839  250,545  (542) (69,797 ) 70,951,385 
Fidelity Series Small Cap Discovery Fund 121,760,717 12,643,054  7,897,473  549,507  416,932 15,220,598  307,369,323 
Fidelity Series Small Cap Opportunities Fund 365,212,608 104,100,121  19,315,643  1,755,251  (118,073) (15,583,796 ) 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund 697,267,883 74,714,039  35,904,425  -- 199,098 62,475,294  1,787,208,852 
Fidelity Series Value Discovery Fund 978,820,033 60,098,789  524,500,801 (a) 7,744,137 49,586,936 (13,693,257 ) 1,233,874,433 
Total $11,305,678,247 $2,774,525,148  $1,661,956,614  $66,597,122  $170,039,678 $792,449,973  $30,590,137,718 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,035,223,816) — See accompanying schedule  $30,590,137,718 
Cash  
Receivable for investments sold  188,357 
Receivable for fund shares sold  66,408,761 
Other receivables  123,544 
Total assets  30,656,858,381 
Liabilities   
Payable for investments purchased $9,090,502  
Payable for fund shares redeemed 57,504,461  
Accrued management fee 16,184,120  
Other payables and accrued expenses 123,545  
Total liabilities  82,902,628 
Net Assets  $30,573,955,753 
Net Assets consist of:   
Paid in capital  $24,609,884,915 
Undistributed net investment income  31,504,426 
Accumulated undistributed net realized gain (loss) on investments  377,652,510 
Net unrealized appreciation (depreciation) on investments  5,554,913,902 
Net Assets  $30,573,955,753 
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($12,138,738,094 ÷ 681,184,984 shares)  $17.82 
Class K:   
Net Asset Value, offering price and redemption price per share ($18,037,948,241 ÷ 1,011,919,732 shares)  $17.83 
Class K6:   
Net Asset Value, offering price and redemption price per share ($397,269,418 ÷ 22,274,462 shares)  $17.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,597,122 
Expenses   
Management fee $34,907,467  
Independent trustees' fees and expenses 22,209  
Total expenses before reductions 34,929,676  
Expense reductions (7,879) 34,921,797 
Net investment income (loss)  31,675,325 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 170,039,678  
Capital gain distributions from underlying funds 238,044,467  
Total net realized gain (loss)  408,084,145 
Change in net unrealized appreciation (depreciation) on underlying funds  792,449,973 
Net gain (loss)  1,200,534,118 
Net increase (decrease) in net assets resulting from operations  $1,232,209,443 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $31,675,325 $165,707,982 
Net realized gain (loss) 408,084,145 222,767,932 
Change in net unrealized appreciation (depreciation) 792,449,973 1,056,666,897 
Net increase (decrease) in net assets resulting from operations 1,232,209,443 1,445,142,811 
Distributions to shareholders from net investment income (14,875,007) (163,120,493) 
Distributions to shareholders from net realized gain (177,823,710) (254,968,549) 
Total distributions (192,698,717) (418,089,042) 
Share transactions - net increase (decrease) 18,228,776,530 128,477,357 
Total increase (decrease) in net assets 19,268,287,256 1,155,531,126 
Net Assets   
Beginning of period 11,305,668,497 10,150,137,371 
End of period $30,573,955,753 $11,305,668,497 
Other Information   
Undistributed net investment income end of period $31,504,426 $14,704,108 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2030 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.72 $15.20 $16.62 $16.47 $15.02 $14.07 
Income from Investment Operations       
Net investment income (loss)A .01 .25 .25 .27 .24 .25 
Net realized and unrealized gain (loss) 1.38 1.90 (.75) .95 1.71 1.04 
Total from investment operations 1.39 2.15 (.50) 1.22 1.95 1.29 
Distributions from net investment income (.02) (.25) (.26) (.28) (.25) (.27) 
Distributions from net realized gain (.26) (.38) (.67) (.79) (.25) (.07) 
Total distributions (.29)B (.63) (.92)C (1.07) (.50) (.34) 
Net asset value, end of period $17.82 $16.72 $15.20 $16.62 $16.47 $15.02 
Total ReturnD,E 8.38% 14.58% (3.17)% 7.76% 13.08% 9.30% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .47%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .47%H -% -% -% -% -% 
Expenses net of all reductions .47%H -% -% -% -% -% 
Net investment income (loss) .12%H 1.57% 1.59% 1.68% 1.50% 1.77% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,138,738 $11,305,668 $10,150,137 $10,883,658 $10,933,549 $10,636,397 
Portfolio turnover rateF 27%H,J 17% 16% 17% 54% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.29 per share is comprised of distributions from net investment income of $.022 and distributions from net realized gain of $.263 per share.

 C Total distributions of $.92 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.665 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.47 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .28 
Total from investment operations .36 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.83 
Total ReturnC,D 2.06% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .63%G,H 
Expenses net of fee waivers, if any .63%G,H 
Expenses net of all reductions .63%G,H 
Net investment income (loss) 2.29%G 
Supplemental Data  
Net assets, end of period (000 omitted) $18,037,948 
Portfolio turnover rateE 27%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.15 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .64 
Total from investment operations .69 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.84 
Total ReturnC,D 4.02% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .47%G 
Expenses net of fee waivers, if any .47%G 
Expenses net of all reductions .47%G 
Net investment income (loss) .89%G 
Supplemental Data  
Net assets, end of period (000 omitted) $397,269 
Portfolio turnover rateE 27%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.3 10.0 
Fidelity Series International Value Fund 9.2 9.4 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Series Growth & Income Fund 9.0 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.8 6.2 
Fidelity Series Growth Company Fund 7.9 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.7 7.0 
Fidelity Series Value Discovery Fund 4.6 9.9 
Fidelity Series Opportunistic Insights Fund 4.3 4.5 
Fidelity Series Blue Chip Growth Fund 3.9 4.1 
 72.8 75.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 30.6% 
   Bond Funds 7.1% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.1% 
   International Equity Funds 30.9% 
   Bond Funds 5.0% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 25,655,385 $425,109,723 
Fidelity Series 1000 Value Index Fund (a) 40,805,277 512,514,279 
Fidelity Series All-Sector Equity Fund (a) 59,303,925 792,893,476 
Fidelity Series Blue Chip Growth Fund (a) 61,288,409 811,458,532 
Fidelity Series Commodity Strategy Fund (a) 77,143,693 403,461,514 
Fidelity Series Growth & Income Fund (a) 122,037,474 1,856,189,986 
Fidelity Series Growth Company Fund (a) 94,227,706 1,616,947,431 
Fidelity Series Intrinsic Opportunities Fund (a) 105,119,666 1,805,955,864 
Fidelity Series Opportunistic Insights Fund (a) 49,031,237 893,839,444 
Fidelity Series Real Estate Equity Fund (a) 12,383,831 159,875,264 
Fidelity Series Small Cap Discovery Fund (a) 19,931,775 239,181,297 
Fidelity Series Small Cap Opportunities Fund (a) 52,459,415 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund (a) 104,215,933 1,385,029,747 
Fidelity Series Value Discovery Fund (a) 71,061,857 953,650,114 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,875,548,042)  12,589,489,294 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 15,480,840 164,716,136 
Fidelity Series Emerging Markets Fund (a) 92,390,678 1,903,247,968 
Fidelity Series International Growth Fund (a) 117,501,670 1,867,101,540 
Fidelity Series International Small Cap Fund (a) 25,120,504 449,908,223 
Fidelity Series International Value Fund (a) 176,398,349 1,899,810,218 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,980,759,594)  6,284,784,085 
Bond Funds - 7.1%   
Fidelity Series Emerging Markets Debt Fund (a) 13,271,954 138,824,643 
Fidelity Series Floating Rate High Income Fund (a) 4,841,251 45,943,471 
Fidelity Series High Income Fund (a) 30,027,893 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,173,749 159,958,380 
Fidelity Series International Credit Fund (a) 995,750 10,007,288 
Fidelity Series Investment Grade Bond Fund (a) 29,922,396 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 42,417,270 372,847,806 
Fidelity Series Real Estate Income Fund (a) 8,330,056 93,046,723 
TOTAL BOND FUNDS   
(Cost $1,438,412,258)  1,451,822,564 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 168,014,506 168,014,506 
Fidelity Series Short-Term Credit Fund (a) 4,752,182 47,474,303 
TOTAL SHORT-TERM FUNDS   
(Cost $215,412,721)  215,488,809 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,510,132,615)  20,541,584,752 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,413,915) 
NET ASSETS - 100%  $20,530,170,837 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $148,282,227 $24,290,086 $9,153,915 $-- $252,554 $16,944,394 $425,109,723 
Fidelity Series 1000 Value Index Fund 179,592,513 30,800,026 8,279,340 -- 21,453 18,738,744 512,514,279 
Fidelity Series All-Sector Equity Fund 279,645,931 45,579,647 21,338,224 -- 377,646 31,889,503 792,893,476 
Fidelity Series Blue Chip Growth Fund 285,318,640 116,906,770 36,950,441 1,566,976 6,493,604 (30,467,954) 811,458,532 
Fidelity Series Canada Fund -- 82,579,118 673,413 -- 1,869 4,360,392 164,716,136 
Fidelity Series Commodity Strategy Fund 111,388,669 59,937,856 5,054,287 615,569 (631,469) (1,054,675) 403,461,514 
Fidelity Series Emerging Markets Debt Fund 48,645,752 9,503,790 1,653,875 1,701,372 38,797 619,773 138,824,643 
Fidelity Series Emerging Markets Fund 685,552,413 115,382,357 231,797,110 -- 13,049,819 91,893,452 1,903,247,968 
Fidelity Series Floating Rate High Income Fund 16,615,127 3,177,380 669,269 430,693 (18,316) (39,370) 45,943,471 
Fidelity Series Government Money Market Fund 1.09% 53,467,356 17,661,349 2,171,270 312,922 -- -- 168,014,506 
Fidelity Series Growth & Income Fund 479,148,645 287,947,372(a) 25,967,579 2,771,304 (106,084) 63,746,464 1,856,189,986 
Fidelity Series Growth Company Fund 564,837,431 78,752,144 68,789,161 -- 21,816,312 86,917,429 1,616,947,431 
Fidelity Series High Income Fund 103,635,702 20,321,065 4,036,318 3,265,733 14,665 2,791,745 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund 61,194,766 7,033,278 2,163,747 40,706 428 (954,151) 159,958,380 
Fidelity Series International Credit Fund -- 3,865,025 14 -- -- (11,137) 10,007,288 
Fidelity Series International Growth Fund 645,735,531 107,439,406 84,413,122 -- 1,735,708 94,342,956 1,867,101,540 
Fidelity Series International Small Cap Fund 147,541,592 25,109,060 12,509,149 -- 859,497 26,627,500 449,908,223 
Fidelity Series International Value Fund 647,425,663 114,586,418 59,732,114 -- (802,386) 100,080,061 1,899,810,218 
Fidelity Series Intrinsic Opportunities Fund 425,390,545 323,847,229(a) 3,027,047 12,566,957 29,685 20,942,431 1,805,955,864 
Fidelity Series Investment Grade Bond Fund 81,635,475 60,890,451 4,468,836 1,522,719 2,847 (395,533) 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund 31,462 262,679,047 1,368,983 740,275 (5,443) (5,491,845) 372,847,806 
Fidelity Series Opportunistic Insights Fund 313,087,328 51,537,583 37,015,203 -- 4,272,813 44,966,426 893,839,444 
Fidelity Series Real Estate Equity Fund 57,029,392 14,191,306 2,481,849 519,519 (6,158) (1,489,353) 159,875,264 
Fidelity Series Real Estate Income Fund 32,984,692 7,799,936 1,268,950 902,471 (9,074) 143,261 93,046,723 
Fidelity Series Short-Term Credit Fund 17,120,293 3,003,768 743,475 156,440 (415) (54,035) 47,474,303 
Fidelity Series Small Cap Discovery Fund 84,431,775 13,954,536 3,822,092 383,283 14,056 12,174,573 239,181,297 
Fidelity Series Small Cap Opportunities Fund 253,917,431 94,095,745 11,243,602 1,360,288 (135,745) (12,082,179) 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund 485,084,612 84,891,208 22,569,330 -- 41,668 47,897,214 1,385,029,747 
Fidelity Series Value Discovery Fund 681,088,437 64,633,599 364,190,699(a) 5,456,161 26,490,209 1,271,333 953,650,114 
Total $6,889,829,400 $2,132,396,555 $1,027,552,414 $34,313,388 $73,798,540 $614,307,419 $20,541,584,752 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,510,132,615) — See accompanying schedule  $20,541,584,752 
Cash  
Receivable for investments sold  316,985 
Receivable for fund shares sold  33,622,988 
Total assets  20,575,524,730 
Liabilities   
Payable for investments purchased $17,185,962  
Payable for fund shares redeemed 16,755,141  
Accrued management fee 11,412,790  
Total liabilities  45,353,893 
Net Assets  $20,530,170,837 
Net Assets consist of:   
Paid in capital  $16,249,233,931 
Undistributed net investment income  10,428,637 
Accumulated undistributed net realized gain (loss) on investments  239,056,132 
Net unrealized appreciation (depreciation) on investments  4,031,452,137 
Net Assets  $20,530,170,837 
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($7,579,411,779 ÷ 507,969,968 shares)  $14.92 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,587,792,858 ÷ 843,667,834 shares)  $14.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($362,966,200 ÷ 24,303,379 shares)  $14.93 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $34,313,388 
Expenses   
Management fee $23,530,218  
Independent trustees' fees and expenses 13,085  
Total expenses before reductions 23,543,303  
Expense reductions (4,521) 23,538,782 
Net investment income (loss)  10,774,606 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 73,798,540  
Capital gain distributions from underlying funds 182,525,796  
Total net realized gain (loss)  256,324,336 
Change in net unrealized appreciation (depreciation) on underlying funds  614,307,419 
Net gain (loss)  870,631,755 
Net increase (decrease) in net assets resulting from operations  $881,406,361 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,774,606 $91,212,153 
Net realized gain (loss) 256,324,336 136,198,233 
Change in net unrealized appreciation (depreciation) 614,307,419 720,467,700 
Net increase (decrease) in net assets resulting from operations 881,406,361 947,878,086 
Distributions to shareholders from net investment income (4,477,894) (88,507,344) 
Distributions to shareholders from net realized gain (104,484,046) (162,354,536) 
Total distributions (108,961,940) (250,861,880) 
Share transactions - net increase (decrease) 12,867,898,287 231,724,174 
Total increase (decrease) in net assets 13,640,342,708 928,740,380 
Net Assets   
Beginning of period 6,889,828,129 5,961,087,749 
End of period $20,530,170,837 $6,889,828,129 
Other Information   
Undistributed net investment income end of period $10,428,637 $4,131,925 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2035 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.88 $12.46 $13.67 $13.62 $12.57 $11.68 
Income from Investment Operations       
Net investment income (loss)A B .19 .19 .22 .18 .20 
Net realized and unrealized gain (loss) 1.26 1.75 (.65) .80 1.63 .93 
Total from investment operations 1.26 1.94 (.46) 1.02 1.81 1.13 
Distributions from net investment income (.01) (.18) (.20) (.23) (.19) (.21) 
Distributions from net realized gain (.21) (.34) (.55) (.75) (.57) (.03) 
Total distributions (.22) (.52) (.75) (.97)C (.76) (.24) 
Net asset value, end of period $14.92 $13.88 $12.46 $13.67 $13.62 $12.57 
Total ReturnD,E 9.17% 16.09% (3.59)% 7.90% 14.76% 9.85% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.06)%H 1.45% 1.48% 1.62% 1.42% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,579,412 $6,889,828 $5,961,088 $6,289,345 $6,183,144 $5,648,531 
Portfolio turnover rateF 26%H,J 16% 15% 18% 54% 36% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.97 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $.746 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.60 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .27 
Total from investment operations .32 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.92 
Total ReturnC,D 2.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.72%G 
Supplemental Data  
Net assets, end of period (000 omitted) $12,587,793 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.30 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .60 
Total from investment operations .63 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.93 
Total ReturnC,D 4.41% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .60%G 
Supplemental Data  
Net assets, end of period (000 omitted) $362,966 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.6% 
   International Equity Funds 31.1% 
   Bond Funds 4.3% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 26,948,665 $446,539,376 
Fidelity Series 1000 Value Index Fund (a) 43,015,926 540,280,025 
Fidelity Series All-Sector Equity Fund (a) 62,404,218 834,344,401 
Fidelity Series Blue Chip Growth Fund (a) 64,495,068 853,914,703 
Fidelity Series Commodity Strategy Fund (a) 80,192,540 419,406,986 
Fidelity Series Growth & Income Fund (a) 128,740,284 1,958,139,712 
Fidelity Series Growth Company Fund (a) 99,256,140 1,703,235,363 
Fidelity Series Intrinsic Opportunities Fund (a) 111,037,824 1,907,629,810 
Fidelity Series Opportunistic Insights Fund (a) 51,606,409 940,784,833 
Fidelity Series Real Estate Equity Fund (a) 13,045,379 168,415,844 
Fidelity Series Small Cap Discovery Fund (a) 20,884,915 250,618,985 
Fidelity Series Small Cap Opportunities Fund (a) 55,269,556 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund (a) 109,905,481 1,460,643,846 
Fidelity Series Value Discovery Fund (a) 74,958,702 1,005,945,781 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,325,393,148)  13,262,568,060 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 18,676,475 198,717,690 
Fidelity Series Emerging Markets Fund (a) 98,594,196 2,031,040,425 
Fidelity Series International Growth Fund (a) 122,638,260 1,948,721,951 
Fidelity Series International Small Cap Fund (a) 26,452,360 473,761,763 
Fidelity Series International Value Fund (a) 184,607,211 1,988,219,665 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,243,081,022)  6,640,461,494 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 13,801,206 144,360,611 
Fidelity Series Floating Rate High Income Fund (a) 5,029,440 47,729,389 
Fidelity Series High Income Fund (a) 31,460,072 306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,909,044 167,230,440 
Fidelity Series International Credit Fund (a) 966,922 9,717,570 
Fidelity Series Investment Grade Bond Fund (a) 8,930,985 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 39,190,102 344,480,997 
Fidelity Series Real Estate Income Fund (a) 8,765,882 97,914,903 
TOTAL BOND FUNDS   
(Cost $1,207,681,389)  1,219,179,058 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 172,634,935 172,634,935 
Fidelity Series Short-Term Credit Fund (a) 5,078,567 50,734,882 
TOTAL SHORT-TERM FUNDS   
(Cost $223,287,248)  223,369,817 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,999,442,807)  21,345,578,429 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,871,179) 
NET ASSETS - 100%  $21,333,707,250 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $157,353,366 $20,068,447 $7,972,064 $-- $513,868 $17,658,576  $446,539,376 
Fidelity Series 1000 Value Index Fund 191,170,503 26,255,270  7,352,788 -- 25,495 19,797,190  540,280,025 
Fidelity Series All-Sector Equity Fund 296,575,515 37,652,444  18,775,322 -- 305,502 33,817,057  834,344,401 
Fidelity Series Blue Chip Growth Fund 303,451,828 112,332,197 35,918,107 1,649,837  7,062,344 (32,057,731 ) 853,914,703 
Fidelity Series Canada Fund -- 112,542,030  557,772 -- 1,427 4,723,942  198,717,690 
Fidelity Series Commodity Strategy Fund 115,949,172 77,572,779  23,035,322 640,283 (1,199,202) (536,582 ) 419,406,986 
Fidelity Series Emerging Markets Debt Fund 51,381,271 8,226,756  1,535,506 1,779,220 (20,330) 708,518  144,360,611 
Fidelity Series Emerging Markets Fund 727,479,065 95,150,590  201,974,439 -- 11,431,327 99,093,026  2,031,040,425 
Fidelity Series Floating Rate High Income Fund 17,557,187 2,689,338  624,941  450,020 (8,552) (50,648 ) 47,729,389 
Fidelity Series Government Money Market Fund 1.09% 56,452,877 15,577,500  1,998,410 317,998 -- -- 172,634,935 
Fidelity Series Growth & Income Fund 509,763,605 285,830,023 (a) 24,404,265  2,944,146  (57,253) 67,461,207 1,958,139,712 
Fidelity Series Growth Company Fund 600,472,029 67,963,481 72,405,245 -- 23,562,991 91,749,400  1,703,235,363 
Fidelity Series High Income Fund 110,141,929 17,447,466 3,767,729 3,434,955 8,512 2,953,745  306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund 65,384,074 5,377,550  2,959,785  42,682 (31,233) (974,190 ) 167,230,440 
Fidelity Series International Credit Fund -- 3,616,415  45 -- -- (12,182 ) 9,717,570 
Fidelity Series International Growth Fund 686,373,633 89,432,506  99,413,926  -- 2,540,338 98,957,720  1,948,721,951 
Fidelity Series International Small Cap Fund 156,827,013 20,808,471  11,605,410  -- 826,971 28,225,343  473,761,763 
Fidelity Series International Value Fund 688,167,886 98,521,299  69,798,103  -- 141,355 104,555,074  1,988,219,665 
Fidelity Series Intrinsic Opportunities Fund 451,625,015 327,548,221 (a) 2,307,182 13,287,175 (6,477) 22,210,925  1,907,629,810 
Fidelity Series Investment Grade Bond Fund 31,065,292 11,482,102  1,836,647  496,726 6,849 (63,664 ) 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund 30,159 235,184,465  2,048,907 731,791 (17,648) (5,348,594 ) 344,480,997 
Fidelity Series Opportunistic Insights Fund 332,984,066 42,470,270 35,684,826 -- 6,482,021 45,685,637  940,784,833 
Fidelity Series Real Estate Equity Fund 60,193,847 13,514,848  2,347,976  541,555  (1,991) (1,562,903 ) 168,415,844 
Fidelity Series Real Estate Income Fund 34,859,596 6,855,141  1,185,902 935,133  4,180 153,943  97,914,903 
Fidelity Series Short-Term Credit Fund 18,743,753 2,516,694  695,388  168,919 (363) (56,684 ) 50,734,882 
Fidelity Series Small Cap Discovery Fund 89,631,440 11,551,085  3,436,609  404,042  14,184 12,790,343  250,618,985 
Fidelity Series Small Cap Opportunities Fund 270,216,572 91,265,040  10,334,488  1,433,916  (128,030) (12,767,861 ) 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund 516,075,449 73,091,638  19,782,016  -- 61,700 50,596,167  1,460,643,846 
Fidelity Series Value Discovery Fund 724,534,607 53,995,910 380,779,458(a) 5,814,090 34,705,461 (5,156,134 ) 1,005,945,781 
Total $7,264,460,749 $1,966,539,976 $1,044,538,578 $35,072,488 $86,223,446 $642,550,640  $21,345,578,429 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,999,442,807) — See accompanying schedule  $21,345,578,429 
Cash  16 
Receivable for investments sold  240,582 
Receivable for fund shares sold  60,311,653 
Total assets  21,406,130,680 
Liabilities   
Payable for investments purchased $13,747,670  
Payable for fund shares redeemed 46,802,133  
Accrued management fee 11,873,627  
Total liabilities  72,423,430 
Net Assets  $21,333,707,250 
Net Assets consist of:   
Paid in capital  $16,718,059,994 
Undistributed net investment income  10,488,031 
Accumulated undistributed net realized gain (loss) on investments  259,023,603 
Net unrealized appreciation (depreciation) on investments  4,346,135,622 
Net Assets  $21,333,707,250 
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($7,864,541,579 ÷ 750,772,549 shares)  $10.48 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,178,772,483 ÷ 1,257,433,086 shares)  $10.48 
Class K6:   
Net Asset Value, offering price and redemption price per share ($290,393,188 ÷ 27,709,216 shares)  $10.48 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $35,072,488 
Expenses   
Management fee $24,524,866  
Independent trustees' fees and expenses 13,711  
Total expenses before reductions 24,538,577  
Expense reductions (4,763) 24,533,814 
Net investment income (loss)  10,538,674 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 86,223,446  
Capital gain distributions from underlying funds 192,356,208  
Total net realized gain (loss)  278,579,654 
Change in net unrealized appreciation (depreciation) on underlying funds  642,550,640 
Net gain (loss)  921,130,294 
Net increase (decrease) in net assets resulting from operations  $931,668,968 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,538,674 $96,980,348 
Net realized gain (loss) 278,579,654 144,536,452 
Change in net unrealized appreciation (depreciation) 642,550,640 768,804,398 
Net increase (decrease) in net assets resulting from operations 931,668,968 1,010,321,198 
Distributions to shareholders from net investment income (3,727,463) (96,859,849) 
Distributions to shareholders from net realized gain (114,805,801) (178,085,083) 
Total distributions (118,533,264) (274,944,932) 
Share transactions - net increase (decrease) 13,256,112,838 140,516,333 
Total increase (decrease) in net assets 14,069,248,542 875,892,599 
Net Assets   
Beginning of period 7,264,458,708 6,388,566,109 
End of period $21,333,707,250 $7,264,458,708 
Other Information   
Undistributed net investment income end of period $10,488,031 $3,676,820 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2040 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $9.74 $8.75 $9.63 $9.62 $8.78 $8.15 
Income from Investment Operations       
Net investment income (loss)A B .13 .13 .15 .13 .14 
Net realized and unrealized gain (loss) .90 1.24 (.46) .57 1.17 .66 
Total from investment operations .90 1.37 (.33) .72 1.30 .80 
Distributions from net investment income (.01) (.13) (.14) (.16) (.13) (.15) 
Distributions from net realized gain (.15) (.24) (.41) (.55) (.33) (.02) 
Total distributions (.16) (.38)C (.55) (.71) (.46) (.17) 
Net asset value, end of period $10.48 $9.74 $8.75 $9.63 $9.62 $8.78 
Total ReturnD,E 9.33% 16.14% (3.62)% 7.86% 15.08% 9.94% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.07)%H 1.44% 1.47% 1.61% 1.40% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,864,542 $7,264,459 $6,388,566 $6,901,191 $7,016,128 $6,758,570 
Portfolio turnover rateF 26%H,J 15% 16% 17% 49% 33% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.38 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.244 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.25 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .20 
Total from investment operations .23 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,178,772 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.03 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 4.49% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .58%G 
Supplemental Data  
Net assets, end of period (000 omitted) $290,393 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 15,824,921 $262,218,944 
Fidelity Series 1000 Value Index Fund (a) 25,168,054 316,110,754 
Fidelity Series All-Sector Equity Fund (a) 36,586,872 489,166,476 
Fidelity Series Blue Chip Growth Fund (a) 37,811,178 500,619,999 
Fidelity Series Commodity Strategy Fund (a) 46,906,379 245,320,361 
Fidelity Series Growth & Income Fund (a) 75,302,215 1,145,346,684 
Fidelity Series Growth Company Fund (a) 58,138,885 997,663,275 
Fidelity Series Intrinsic Opportunities Fund (a) 64,887,494 1,114,767,147 
Fidelity Series Opportunistic Insights Fund (a) 30,248,518 551,430,481 
Fidelity Series Real Estate Equity Fund (a) 7,627,776 98,474,590 
Fidelity Series Small Cap Discovery Fund (a) 12,292,223 147,506,676 
Fidelity Series Small Cap Opportunities Fund (a) 32,372,486 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund (a) 64,191,572 853,105,990 
Fidelity Series Value Discovery Fund (a) 43,868,470 588,714,863 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,137,120,899)  7,763,013,595 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 10,927,622 116,269,903 
Fidelity Series Emerging Markets Fund (a) 57,715,454 1,188,938,353 
Fidelity Series International Growth Fund (a) 71,764,721 1,140,341,423 
Fidelity Series International Small Cap Fund (a) 15,479,910 277,245,194 
Fidelity Series International Value Fund (a) 108,121,099 1,164,464,232 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,105,221,356)  3,887,259,105 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 7,975,700 83,425,827 
Fidelity Series Floating Rate High Income Fund (a) 2,965,961 28,146,973 
Fidelity Series High Income Fund (a) 18,320,332 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund (a) 9,666,662 95,603,288 
Fidelity Series International Credit Fund (a) 579,768 5,826,665 
Fidelity Series Investment Grade Bond Fund (a) 5,226,191 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,985,978 202,046,743 
Fidelity Series Real Estate Income Fund (a) 5,039,902 56,295,707 
TOTAL BOND FUNDS   
(Cost $701,361,755)  709,076,661 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 101,949,693 101,949,693 
Fidelity Series Short-Term Credit Fund (a) 2,961,074 29,581,130 
TOTAL SHORT-TERM FUNDS   
(Cost $131,483,660)  131,530,823 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $10,075,187,670)  12,490,880,184 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (6,869,305) 
NET ASSETS - 100%  $12,484,010,879 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $75,910,943 $15,524,569 $4,575,896 $-- $59,827 $9,780,884 $262,218,944 
Fidelity Series 1000 Value Index Fund 91,992,048 19,528,867 4,136,527 -- 566 11,383,461 316,110,754 
Fidelity Series All-Sector Equity Fund 143,160,656 29,113,923 10,579,518 -- 145,430 18,197,132 489,166,476 
Fidelity Series Blue Chip Growth Fund 146,065,471 73,063,984 18,563,103 965,380 2,920,088 (21,067,499) 500,619,999 
Fidelity Series Canada Fund -- 61,535,924 303,806 -- 843 2,654,351 116,269,903 
Fidelity Series Commodity Strategy Fund 57,174,624 32,615,921 2,597,468 373,800 (3,989) (1,122,435) 245,320,361 
Fidelity Series Emerging Markets Debt Fund 24,524,403 5,720,470 861,336 882,902 (2,456) 259,605 83,425,827 
Fidelity Series Emerging Markets Fund 350,211,750 72,670,439 114,595,361 -- 5,578,476 48,013,874 1,188,938,353 
Fidelity Series Floating Rate High Income Fund 8,373,059 1,952,667 351,830 224,557 (12,022) (16,789) 28,146,973 
Fidelity Series Government Money Market Fund 1.09% 27,106,980 10,126,396 1,134,308 164,845 -- -- 101,949,693 
Fidelity Series Growth & Income Fund 245,345,533 162,385,118(a) 13,692,503 1,428,780 (70,874) 39,997,159 1,145,346,684 
Fidelity Series Growth Company Fund 287,954,017 49,990,692 30,835,241 -- 8,315,631 50,655,647 997,663,275 
Fidelity Series High Income Fund 52,683,359 12,436,997 2,118,931 1,711,089 7,137 1,634,471 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund 30,442,561 5,275,619 1,131,698 21,029 (4,577) (636,851) 95,603,288 
Fidelity Series International Credit Fund -- 1,831,987 54 -- -- (10,669) 5,826,665 
Fidelity Series International Growth Fund 330,326,316 68,184,653 53,684,155 -- 978,354 49,849,064 1,140,341,423 
Fidelity Series International Small Cap Fund 75,475,113 15,991,173 6,048,968 -- 343,000 14,258,130 277,245,194 
Fidelity Series International Value Fund 331,188,904 73,252,616 37,429,922 -- (33,346) 55,510,949 1,164,464,232 
Fidelity Series Intrinsic Opportunities Fund 217,564,424 186,038,547(a) 1,180,175 7,751,637 18,709 8,878,747 1,114,767,147 
Fidelity Series Investment Grade Bond Fund 15,221,209 6,596,393 993,434 250,430 (302) (101,500) 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund 15,326 132,127,369 948,655 380,584 (8,089) (3,350,717) 202,046,743 
Fidelity Series Opportunistic Insights Fund 160,281,094 32,888,902 18,540,631 -- 1,861,676 25,067,641 551,430,481 
Fidelity Series Real Estate Equity Fund 29,201,655 8,835,464 1,320,435 270,487 404 (935,695) 98,474,590 
Fidelity Series Real Estate Income Fund 16,661,979 4,749,877 666,290 462,005 (3,211) 62,150 56,295,707 
Fidelity Series Short-Term Credit Fund 8,971,211 1,910,121 391,720 84,627 (146) (42,382) 29,581,130 
Fidelity Series Small Cap Discovery Fund 43,182,271 8,881,763 1,934,578 195,855 9,642 7,679,804 147,506,676 
Fidelity Series Small Cap Opportunities Fund 130,040,169 59,288,923 5,814,805 838,254 (74,040) (7,487,537) 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund 248,384,564 53,318,083 11,127,391 -- 69,299 28,991,227 853,105,990 
Fidelity Series Value Discovery Fund 348,724,861 40,767,058 186,528,060(a) 2,807,877 13,434,268 3,929,915 588,714,863 
Total $3,496,184,500 $1,246,604,515 $532,086,799 $18,814,138 $33,530,298 $342,032,137 $12,490,880,184 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $10,075,187,670) — See accompanying schedule  $12,490,880,184 
Cash  20 
Receivable for investments sold  149,235 
Receivable for fund shares sold  26,128,182 
Total assets  12,517,157,621 
Liabilities   
Payable for investments purchased $15,304,485  
Payable for fund shares redeemed 10,972,835  
Accrued management fee 6,869,422  
Total liabilities  33,146,742 
Net Assets  $12,484,010,879 
Net Assets consist of:   
Paid in capital  $9,931,266,174 
Undistributed net investment income  5,850,931 
Accumulated undistributed net realized gain (loss) on investments  131,201,260 
Net unrealized appreciation (depreciation) on investments  2,415,692,514 
Net Assets  $12,484,010,879 
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($3,868,175,971 ÷ 326,577,664 shares)  $11.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($8,453,836,734 ÷ 713,576,844 shares)  $11.85 
Class K6:   
Net Asset Value, offering price and redemption price per share ($161,998,174 ÷ 13,671,032 shares)  $11.85 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $18,814,138 
Expenses   
Management fee $12,762,851  
Independent trustees' fees and expenses 6,641  
Total expenses before reductions 12,769,492  
Expense reductions (2,292) 12,767,200 
Net investment income (loss)  6,046,938 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 33,530,298  
Capital gain distributions from underlying funds 110,645,377  
Total net realized gain (loss)  144,175,675 
Change in net unrealized appreciation (depreciation) on underlying funds  342,032,137 
Net gain (loss)  486,207,812 
Net increase (decrease) in net assets resulting from operations  $492,254,750 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,046,938 $45,505,718 
Net realized gain (loss) 144,175,675 70,221,421 
Change in net unrealized appreciation (depreciation) 342,032,137 358,042,833 
Net increase (decrease) in net assets resulting from operations 492,254,750 473,769,972 
Distributions to shareholders from net investment income (1,914,156) (45,424,022) 
Distributions to shareholders from net realized gain (50,405,841) (83,790,283) 
Total distributions (52,319,997) (129,214,305) 
Share transactions - net increase (decrease) 8,547,892,172 238,655,834 
Total increase (decrease) in net assets 8,987,826,925 583,211,501 
Net Assets   
Beginning of period 3,496,183,954 2,912,972,453 
End of period $12,484,010,879 $3,496,183,954 
Other Information   
Undistributed net investment income end of period $5,850,931 $1,718,149 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2045 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.00 $9.89 $10.84 $11.09 $10.42 $9.65 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .17 
Net realized and unrealized gain (loss) 1.01 1.39 (.52) .64 1.39 .79 
Total from investment operations 1.00 1.54 (.37) .81 1.54 .96 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.43) (.89) (.72) (.02) 
Total distributions (.16)B (.43) (.58)C (1.06)D (.87) (.19) 
Net asset value, end of period $11.84 $11.00 $9.89 $10.84 $11.09 $10.42 
Total ReturnE,F 9.22% 16.08% (3.59)% 7.93% 15.38% 10.14% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .51%I - %J - %J - %J - %J - %J 
Expenses net of fee waivers, if any .51%I -% -% -% -% -% 
Expenses net of all reductions .51%I -% -% -% -% -% 
Net investment income (loss) (.10)%I 1.45% 1.48% 1.62% 1.42% 1.75% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,868,176 $3,496,184 $2,912,972 $2,993,926 $2,885,106 $2,480,465 
Portfolio turnover rateG 26%I,K 15% 17% 21% 53% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.158 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.427 per share.

 D Total distributions of $1.06 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.886 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized

 J Amount represents less than .005%.

 K The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.59 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $8,453,837 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.34 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 4.50% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $161,998 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 9.0 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 13,194,889 $218,639,307 
Fidelity Series 1000 Value Index Fund (a) 21,037,705 264,233,573 
Fidelity Series All-Sector Equity Fund (a) 30,556,373 408,538,710 
Fidelity Series Blue Chip Growth Fund (a) 31,579,785 418,116,349 
Fidelity Series Commodity Strategy Fund (a) 39,251,020 205,282,834 
Fidelity Series Growth & Income Fund (a) 63,008,121 958,353,519 
Fidelity Series Growth Company Fund (a) 48,600,881 833,991,113 
Fidelity Series Intrinsic Opportunities Fund (a) 54,603,690 938,091,395 
Fidelity Series Opportunistic Insights Fund (a) 25,266,629 460,610,651 
Fidelity Series Real Estate Equity Fund (a) 6,364,761 82,169,066 
Fidelity Series Small Cap Discovery Fund (a) 10,236,031 122,832,369 
Fidelity Series Small Cap Opportunities Fund (a) 27,035,045 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 53,736,884 714,163,189 
Fidelity Series Value Discovery Fund (a) 36,646,359 491,794,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,148,727,253)  6,494,766,130 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 9,142,401 97,275,145 
Fidelity Series Emerging Markets Fund (a) 48,291,266 994,800,073 
Fidelity Series International Growth Fund (a) 60,659,120 963,873,414 
Fidelity Series International Small Cap Fund (a) 12,952,376 231,977,054 
Fidelity Series International Value Fund (a) 89,553,646 964,492,768 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,600,154,410)  3,252,418,454 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 6,663,727 69,702,580 
Fidelity Series Floating Rate High Income Fund (a) 2,498,615 23,711,860 
Fidelity Series High Income Fund (a) 15,317,454 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund (a) 8,038,454 79,500,314 
Fidelity Series International Credit Fund (a) 487,949 4,903,889 
Fidelity Series Investment Grade Bond Fund (a) 4,373,641 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 19,241,832 169,135,703 
Fidelity Series Real Estate Income Fund (a) 4,214,266 47,073,355 
TOTAL BOND FUNDS   
(Cost $587,050,259)  592,838,749 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 85,557,687 85,557,687 
Fidelity Series Short-Term Credit Fund (a) 2,475,825 24,733,489 
TOTAL SHORT-TERM FUNDS   
(Cost $110,250,251)  110,291,176 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $8,446,182,173)  10,450,314,509 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (5,750,134) 
NET ASSETS - 100%  $10,444,564,375 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $62,638,976 $12,282,357 $3,783,364 $-- $34,519 $8,139,096 $218,639,307 
Fidelity Series 1000 Value Index Fund 75,814,592 15,531,621 3,400,562 -- 2,971 9,502,464 264,233,573 
Fidelity Series All-Sector Equity Fund 118,131,044 23,048,673 8,776,540 -- 101,928 15,150,411 408,538,710 
Fidelity Series Blue Chip Growth Fund 120,528,023 59,680,665 15,381,631 805,607 2,207,328 (17,484,005) 418,116,349 
Fidelity Series Canada Fund -- 50,850,109 276,844 -- 594 2,215,194 97,275,145 
Fidelity Series Commodity Strategy Fund 47,433,910 26,121,015 2,126,321 312,526 (4,679) (936,150) 205,282,834 
Fidelity Series Emerging Markets Debt Fund 20,222,367 4,523,355 711,950 729,494 8,926 196,724 69,702,580 
Fidelity Series Emerging Markets Fund 288,955,854 56,574,977 95,045,263 -- 5,138,809 39,119,867 994,800,073 
Fidelity Series Floating Rate High Income Fund 6,949,953 1,558,126 289,928 186,842 (3,634) (20,130) 23,711,860 
Fidelity Series Government Money Market Fund 1.09% 22,353,640 8,246,193 944,372 133,767 -- -- 85,557,687 
Fidelity Series Growth & Income Fund 202,356,403 131,379,387(a) 10,973,399 1,182,460 (49,312) 33,506,253 958,353,519 
Fidelity Series Growth Company Fund 237,459,962 38,340,093 24,465,424 -- 6,115,700 42,748,239 833,991,113 
Fidelity Series High Income Fund 43,407,771 9,901,489 1,747,123 1,413,369 5,414 1,363,970 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund 24,822,064 4,444,949 932,092 17,286 (2,451) (533,869) 79,500,314 
Fidelity Series International Credit Fund -- 1,535,600 29 -- -- (9,042) 4,903,889 
Fidelity Series International Growth Fund 272,563,530 53,444,391 34,372,528 -- 613,646 41,422,447 963,873,414 
Fidelity Series International Small Cap Fund 62,277,109 12,597,480 4,978,948 -- 274,164 11,800,905 231,977,054 
Fidelity Series International Value Fund 273,275,108 57,754,520 40,352,377 -- (203,081) 46,132,200 964,492,768 
Fidelity Series Intrinsic Opportunities Fund 180,016,043 151,326,605(a) 1,132,968 6,517,021 18,524 7,207,931 938,091,395 
Fidelity Series Investment Grade Bond Fund 12,708,969 5,171,238 819,573 207,740 (1,904) (85,868) 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund 12,932 109,848,564 719,576 318,403 (6,383) (2,820,811) 169,135,703 
Fidelity Series Opportunistic Insights Fund 132,258,253 26,029,887 15,361,707 -- 1,357,652 20,979,842 460,610,651 
Fidelity Series Real Estate Equity Fund 24,159,960 7,017,073 1,085,813 221,767 (3,879) (768,790) 82,169,066 
Fidelity Series Real Estate Income Fund 13,720,923 3,813,337 550,271 378,017 (856) 53,567 47,073,355 
Fidelity Series Short-Term Credit Fund 7,399,416 1,523,960 322,501 70,011 (95) (35,867) 24,733,489 
Fidelity Series Small Cap Discovery Fund 35,628,306 7,041,529 1,588,083 161,670 1,067 6,405,605 122,832,369 
Fidelity Series Small Cap Opportunities Fund 107,210,344 48,367,869 4,778,945 699,459 (67,524) (6,235,610) 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund 204,864,144 42,067,402 9,149,875 -- 88,713 24,218,430 714,163,189 
Fidelity Series Value Discovery Fund 287,661,234 33,066,268 154,494,028(a) 2,321,098 10,916,415 3,593,354 491,794,132 
Total $2,884,830,830 $1,003,088,732 $438,562,035 $15,676,537 $26,542,572 $284,826,357 $10,450,314,509 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,446,182,173) — See accompanying schedule  $10,450,314,509 
Cash  
Receivable for investments sold  103,924 
Receivable for fund shares sold  32,206,962 
Total assets  10,482,625,397 
Liabilities   
Payable for investments purchased $15,053,079  
Payable for fund shares redeemed 17,253,958  
Accrued management fee 5,753,985  
Total liabilities  38,061,022 
Net Assets  $10,444,564,375 
Net Assets consist of:   
Paid in capital  $8,326,774,806 
Undistributed net investment income  4,995,384 
Accumulated undistributed net realized gain (loss) on investments  108,661,849 
Net unrealized appreciation (depreciation) on investments  2,004,132,336 
Net Assets  $10,444,564,375 
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($3,198,263,270 ÷ 268,584,185 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,126,047,761 ÷ 598,418,626 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($120,253,344 ÷ 10,094,895 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $15,676,537 
Expenses   
Management fee $10,595,742  
Independent trustees' fees and expenses 5,482  
Total expenses before reductions 10,601,224  
Expense reductions (1,891) 10,599,333 
Net investment income (loss)  5,077,204 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 26,542,572  
Capital gain distributions from underlying funds 92,403,402  
Total net realized gain (loss)  118,945,974 
Change in net unrealized appreciation (depreciation) on underlying funds  284,826,357 
Net gain (loss)  403,772,331 
Net increase (decrease) in net assets resulting from operations  $408,849,535 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,077,204 $37,285,493 
Net realized gain (loss) 118,945,974 56,748,247 
Change in net unrealized appreciation (depreciation) 284,826,357 294,641,485 
Net increase (decrease) in net assets resulting from operations 408,849,535 388,675,225 
Distributions to shareholders from net investment income (1,573,575) (36,871,772) 
Distributions to shareholders from net realized gain (40,897,550) (67,884,342) 
Total distributions (42,471,125) (104,756,114) 
Share transactions - net increase (decrease) 7,193,355,581 237,530,130 
Total increase (decrease) in net assets 7,559,733,991 521,449,241 
Net Assets   
Beginning of period 2,884,830,384 2,363,381,143 
End of period $10,444,564,375 $2,884,830,384 
Other Information   
Undistributed net investment income end of period $4,995,384 $1,491,755 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2050 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.05 $9.93 $10.90 $11.15 $10.28 $9.51 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .16 
Net realized and unrealized gain (loss) 1.03 1.40 (.52) .65 1.41 .79 
Total from investment operations 1.02 1.55 (.37) .82 1.56 .95 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.44) (.89) (.54) (.02) 
Total distributions (.16)B (.43) (.60) (1.07) (.69) (.18)C 
Net asset value, end of period $11.91 $11.05 $9.93 $10.90 $11.15 $10.28 
Total ReturnD,E 9.34% 16.11% (3.65)% 7.91% 15.53% 10.18% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) (.10)%H 1.45% 1.49% 1.62% 1.41% 1.71% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,198,263 $2,884,830 $2,363,381 $2,375,308 $2,297,832 $2,069,745 
Portfolio turnover rateF 26%H,J 15% 17% 23% 57% 44% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.156 per share.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.167 and distributions from net realized gain of $.016 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.55%G 
Supplemental Data  
Net assets, end of period (000 omitted) $7,126,048 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $120,253 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Growth Fund 9.3 9.4 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 4,820,754 $79,879,889 
Fidelity Series 1000 Value Index Fund (a) 7,694,094 96,637,819 
Fidelity Series All-Sector Equity Fund (a) 11,158,425 149,188,136 
Fidelity Series Blue Chip Growth Fund (a) 11,532,238 152,686,832 
Fidelity Series Commodity Strategy Fund (a) 14,309,370 74,838,008 
Fidelity Series Growth & Income Fund (a) 23,001,679 349,855,533 
Fidelity Series Growth Company Fund (a) 17,730,994 304,263,854 
Fidelity Series Intrinsic Opportunities Fund (a) 19,719,876 338,787,461 
Fidelity Series Opportunistic Insights Fund (a) 9,225,596 168,182,611 
Fidelity Series Real Estate Equity Fund (a) 2,338,460 30,189,516 
Fidelity Series Small Cap Discovery Fund (a) 3,750,399 45,004,794 
Fidelity Series Small Cap Opportunities Fund (a) 9,888,231 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund (a) 19,641,936 261,041,325 
Fidelity Series Value Discovery Fund (a) 13,419,371 180,087,962 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,036,471,704)  2,368,881,207 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 3,333,695 35,470,518 
Fidelity Series Emerging Markets Fund (a) 17,616,212 362,893,972 
Fidelity Series International Growth Fund (a) 22,134,998 351,725,112 
Fidelity Series International Small Cap Fund (a) 4,725,848 84,639,931 
Fidelity Series International Value Fund (a) 32,655,536 351,700,125 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,004,313,811)  1,186,429,658 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 2,369,281 24,782,682 
Fidelity Series Floating Rate High Income Fund (a) 923,215 8,761,308 
Fidelity Series High Income Fund (a) 5,590,770 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,854,465 28,230,654 
Fidelity Series International Credit Fund (a) 164,923 1,657,481 
Fidelity Series Investment Grade Bond Fund (a) 1,595,553 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,033,790 61,827,018 
Fidelity Series Real Estate Income Fund (a) 1,546,605 17,275,577 
TOTAL BOND FUNDS   
(Cost $212,813,460)  215,090,427 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 31,734,244 31,734,244 
Fidelity Series Short-Term Credit Fund (a) 887,316 8,864,288 
TOTAL SHORT-TERM FUNDS   
(Cost $40,584,864)  40,598,532 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $3,294,183,839)  3,810,999,824 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,066,170) 
NET ASSETS - 100%  $3,808,933,654 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $20,033,106 $6,773,756 $1,203,986 $-- $549 $2,852,860 $79,879,889 
Fidelity Series 1000 Value Index Fund 24,255,513 8,292,616 859,745 -- (861) 3,419,185 96,637,819 
Fidelity Series All-Sector Equity Fund 37,780,585 12,717,461 2,766,774 -- (27,018) 5,330,484 149,188,136 
Fidelity Series Blue Chip Growth Fund 38,547,010 26,122,634 4,952,444 291,927 244,136 (6,265,142) 152,686,832 
Fidelity Series Canada Fund -- 18,499,468 47,314 -- (126) 794,182 35,470,518 
Fidelity Series Commodity Strategy Fund 15,750,440 10,434,694 545,402 113,080 (6,060) (343,122) 74,838,008 
Fidelity Series Emerging Markets Debt Fund 6,351,178 2,234,903 181,029 240,218 2,412 54,726 24,782,682 
Fidelity Series Emerging Markets Fund 92,291,452 30,325,461 31,985,843 -- 799,138 13,797,875 362,893,972 
Fidelity Series Floating Rate High Income Fund 2,277,567 821,013 73,614 64,548 (320) (7,988) 8,761,308 
Fidelity Series Government Money Market Fund 1.09% 7,128,818 3,968,860 243,531 46,022 -- -- 31,734,244 
Fidelity Series Growth & Income Fund 64,757,517 54,481,112(a) 3,076,635 389,581 (11,267) 12,133,704 349,855,533 
Fidelity Series Growth Company Fund 75,561,673 19,733,140 3,946,656 -- 180,471 16,260,914 304,263,854 
Fidelity Series High Income Fund 13,866,939 5,124,786 444,105 476,917 2,052 480,862 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund 7,439,777 2,442,490 236,532 5,617 613 (200,281) 28,230,654 
Fidelity Series International Credit Fund -- 522,470 12 -- -- (3,022) 1,657,481 
Fidelity Series International Growth Fund 87,135,142 29,062,848 10,441,328 -- 227,003 13,822,692 351,725,112 
Fidelity Series International Small Cap Fund 19,909,249 6,898,800 1,426,222 -- 69,217 3,979,314 84,639,931 
Fidelity Series International Value Fund 87,362,038 30,607,178 13,204,306 -- 52,105 15,786,113 351,700,125 
Fidelity Series Intrinsic Opportunities Fund 58,119,244 60,605,986(a) 358,817 2,339,436 (1,814) 2,143,625 338,787,461 
Fidelity Series Investment Grade Bond Fund 4,305,047 2,084,346 254,401 71,208 (587) (37,446) 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund 4,445 39,936,618 168,027 110,999 (959) (1,044,150) 61,827,018 
Fidelity Series Opportunistic Insights Fund 42,298,882 14,342,523 4,905,731 -- 176,551 7,422,789 168,182,611 
Fidelity Series Real Estate Equity Fund 7,780,471 3,418,595 318,532 76,043 (9,248) (283,484) 30,189,516 
Fidelity Series Real Estate Income Fund 4,370,535 1,906,144 140,182 128,506 559 10,319 17,275,577 
Fidelity Series Short-Term Credit Fund 2,301,275 836,350 81,737 23,156 120 (14,087) 8,864,288 
Fidelity Series Small Cap Discovery Fund 11,402,903 3,866,105 506,399 53,223 (1,347) 2,345,546 45,004,794 
Fidelity Series Small Cap Opportunities Fund 34,103,264 21,430,438 1,207,900 253,866 (8,839) (2,265,854) 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund 65,335,056 22,780,771 2,313,289 -- (17,198) 8,762,307 261,041,325 
Fidelity Series Value Discovery Fund 91,815,328 18,042,088 50,047,988(a) 757,944 2,761,314 2,502,843 180,087,962 
Total $922,284,454 $458,313,654 $135,938,481 $5,442,291 $4,430,596 $101,435,764 $3,810,999,824 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,294,183,839) — See accompanying schedule  $3,810,999,824 
Receivable for investments sold  5,791 
Receivable for fund shares sold  13,893,189 
Total assets  3,824,898,804 
Liabilities   
Payable for investments purchased $10,813,212  
Payable for fund shares redeemed 3,089,347  
Accrued management fee 2,062,591  
Total liabilities  15,965,150 
Net Assets  $3,808,933,654 
Net Assets consist of:   
Paid in capital  $3,257,624,672 
Undistributed net investment income  1,713,090 
Accumulated undistributed net realized gain (loss) on investments  32,779,907 
Net unrealized appreciation (depreciation) on investments  516,815,985 
Net Assets  $3,808,933,654 
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,101,424,421 ÷ 82,197,274 shares)  $13.40 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,656,024,805 ÷ 198,110,607 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($51,484,428 ÷ 3,840,166 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,442,291 
Expenses   
Management fee $3,658,260  
Independent trustees' fees and expenses 1,796  
Total expenses before reductions 3,660,056  
Expense reductions (605) 3,659,451 
Net investment income (loss)  1,782,840 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 4,430,596  
Capital gain distributions from underlying funds 33,251,525  
Total net realized gain (loss)  37,682,121 
Change in net unrealized appreciation (depreciation) on underlying funds  101,435,764 
Net gain (loss)  139,117,885 
Net increase (decrease) in net assets resulting from operations  $140,900,725 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,782,840 $11,233,935 
Net realized gain (loss) 37,682,121 11,661,308 
Change in net unrealized appreciation (depreciation) 101,435,764 93,927,353 
Net increase (decrease) in net assets resulting from operations 140,900,725 116,822,596 
Distributions to shareholders from net investment income (530,888) (11,091,790) 
Distributions to shareholders from net realized gain (10,617,722) (15,197,673) 
Total distributions (11,148,610) (26,289,463) 
Share transactions - net increase (decrease) 2,756,897,234 182,129,905 
Total increase (decrease) in net assets 2,886,649,349 272,663,038 
Net Assets   
Beginning of period 922,284,305 649,621,267 
End of period $3,808,933,654 $922,284,305 
Other Information   
Undistributed net investment income end of period $1,713,090 $461,138 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2055 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.41 $11.08 $12.06 $11.73 $10.56 $9.77 
Income from Investment Operations       
Net investment income (loss)A .01 .17 .17 .19 .16 .20 
Net realized and unrealized gain (loss) 1.13 1.57 (.59) .72 1.51 .80 
Total from investment operations 1.14 1.74 (.42) .91 1.67 1.00 
Distributions from net investment income (.01) (.16) (.17) (.18) (.14) (.14) 
Distributions from net realized gain (.14) (.25) (.39) (.39) (.36) (.06) 
Total distributions (.15) (.41) (.56) (.58)B (.50) (.21)C 
Net asset value, end of period $13.40 $12.41 $11.08 $12.06 $11.73 $10.56 
Total ReturnD,E 9.24% 16.17% (3.69)% 7.98% 16.00% 10.39% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) .15%H 1.46% 1.51% 1.64% 1.40% 1.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,101,424 $922,284 $649,621 $527,231 $350,647 $155,142 
Portfolio turnover rateF 25%H,J 18% 20% 21% 47% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of .58 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.394 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.064 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.11 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .28 
Total from investment operations .30 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.29% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) .64%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,656,025 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.83 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .56 
Total from investment operations .58 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 4.52% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $51,484 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.4 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.5 
Fidelity Series Growth Company Fund 8.0 7.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.8 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.1% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 716,690 $11,875,550 
Fidelity Series 1000 Value Index Fund (a) 1,146,318 14,397,760 
Fidelity Series All-Sector Equity Fund (a) 1,661,654 22,216,310 
Fidelity Series Blue Chip Growth Fund (a) 1,717,008 22,733,186 
Fidelity Series Commodity Strategy Fund (a) 2,133,067 11,155,940 
Fidelity Series Growth & Income Fund (a) 3,422,682 52,058,995 
Fidelity Series Growth Company Fund (a) 2,634,983 45,216,308 
Fidelity Series Intrinsic Opportunities Fund (a) 2,956,620 50,794,737 
Fidelity Series Opportunistic Insights Fund (a) 1,373,410 25,037,262 
Fidelity Series Real Estate Equity Fund (a) 347,002 4,479,799 
Fidelity Series Small Cap Discovery Fund (a) 557,266 6,687,194 
Fidelity Series Small Cap Opportunities Fund (a) 1,475,430 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund (a) 2,919,085 38,794,636 
Fidelity Series Value Discovery Fund (a) 2,015,970 27,054,319 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $319,390,268)  353,128,514 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 496,709 5,284,980 
Fidelity Series Emerging Markets Fund (a) 2,625,559 54,086,525 
Fidelity Series International Growth Fund (a) 3,262,803 51,845,943 
Fidelity Series International Small Cap Fund (a) 705,327 12,632,405 
Fidelity Series International Value Fund (a) 4,919,757 52,985,787 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $151,800,814)  176,835,640 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 333,953 3,493,150 
Fidelity Series Floating Rate High Income Fund (a) 135,929 1,289,963 
Fidelity Series High Income Fund (a) 833,478 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund (a) 428,194 4,234,840 
Fidelity Series International Credit Fund (a) 24,159 242,794 
Fidelity Series Investment Grade Bond Fund (a) 238,771 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,048,994 9,220,655 
Fidelity Series Real Estate Income Fund (a) 229,627 2,564,932 
TOTAL BOND FUNDS   
(Cost $31,230,028)  31,873,245 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 4,742,579 4,742,579 
Fidelity Series Short-Term Credit Fund (a) 136,950 1,368,131 
TOTAL SHORT-TERM FUNDS   
(Cost $6,109,168)  6,110,710 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $508,530,278)  567,948,109 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (303,713) 
NET ASSETS - 100%  $567,644,396 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $2,525,417 $1,827,785 $197,745 $-- $1,431 $411,346 $11,875,550 
Fidelity Series 1000 Value Index Fund 3,069,993 2,232,285 165,576 -- (697) 499,116 14,397,760 
Fidelity Series All-Sector Equity Fund 4,762,745 3,440,290 433,862 -- 4,411 759,105 22,216,310 
Fidelity Series Blue Chip Growth Fund 4,859,349 5,421,507 714,997 42,757 1,586 (921,949) 22,733,186 
Fidelity Series Canada Fund -- 2,854,967 3,071 -- (14) 117,921 5,284,980 
Fidelity Series Commodity Strategy Fund 1,964,660 2,227,062 54,186 16,582 (427) (40,531) 11,155,940 
Fidelity Series Emerging Markets Debt Fund 762,854 543,708 17,534 32,662 128 7,184 3,493,150 
Fidelity Series Emerging Markets Fund 11,652,982 7,695,526 4,030,300 -- 33,600 2,024,802 54,086,525 
Fidelity Series Floating Rate High Income Fund 280,209 213,477 7,163 9,127 37 (1,263) 1,289,963 
Fidelity Series Government Money Market Fund 1.09% 921,937 855,542 23,983 6,774 -- -- 4,742,579 
Fidelity Series Growth & Income Fund 8,185,945 11,165,649(a) 587,509 55,146 (2,508) 1,761,391 52,058,995 
Fidelity Series Growth Company Fund 9,226,869 6,114,410 263,706 -- 9,105 2,210,830 45,216,308 
Fidelity Series High Income Fund 1,737,800 1,311,129 43,242 68,102 290 68,818 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund 936,424 658,241 23,070 828 104 (29,294) 4,234,840 
Fidelity Series International Credit Fund -- 79,514 -- -- -- (413) 242,794 
Fidelity Series International Growth Fund 10,972,971 7,741,787 1,866,233 -- 31,035 1,920,332 51,845,943 
Fidelity Series International Small Cap Fund 2,507,199 1,836,581 157,567 -- 7,898 558,512 12,632,405 
Fidelity Series International Value Fund 11,001,344 8,012,108 1,218,589 -- 16,701 2,245,089 52,985,787 
Fidelity Series Intrinsic Opportunities Fund 7,535,524 11,974,736(a) 280,851 345,381 (676) 290,690 50,794,737 
Fidelity Series Investment Grade Bond Fund 520,788 515,258 36,788 10,175 243 (6,624) 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund 370 6,089,525 15,206 16,281 (32) (152,235) 9,220,655 
Fidelity Series Opportunistic Insights Fund 5,332,374 3,863,975 726,912 -- 3,021 1,076,080 25,037,262 
Fidelity Series Real Estate Equity Fund 988,977 817,012 62,493 11,178 (4,040) (41,399) 4,479,799 
Fidelity Series Real Estate Income Fund 550,371 449,660 13,625 18,718 28 280 2,564,932 
Fidelity Series Short-Term Credit Fund 297,090 228,344 7,947 3,466 (2,195) 1,368,131 
Fidelity Series Small Cap Discovery Fund 1,441,817 1,046,298 102,260 7,476 (214) 341,552 6,687,194 
Fidelity Series Small Cap Opportunities Fund 4,306,667 4,559,614 208,441 37,264 (131) (324,286) 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund 8,247,099 5,984,437 375,136 -- (883) 1,278,097 38,794,636 
Fidelity Series Value Discovery Fund 11,565,215 4,968,308 6,759,113(a) 105,468 134,204 640,618 27,054,319 
Total $116,154,990 $104,728,735 $18,397,105 $787,385 $234,209 $14,691,574 $567,948,109 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $508,530,278) — See accompanying schedule  $567,948,109 
Cash  
Receivable for fund shares sold  3,742,930 
Total assets  571,691,045 
Liabilities   
Payable for investments purchased $3,336,577  
Payable for fund shares redeemed 406,680  
Accrued management fee 303,392  
Total liabilities  4,046,649 
Net Assets  $567,644,396 
Net Assets consist of:   
Paid in capital  $503,252,558 
Undistributed net investment income  251,669 
Accumulated undistributed net realized gain (loss) on investments  4,722,338 
Net unrealized appreciation (depreciation) on investments  59,417,831 
Net Assets  $567,644,396 
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($172,758,482 ÷ 14,509,360 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($385,223,899 ÷ 32,348,653 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($9,662,015 ÷ 811,056 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $787,385 
Expenses   
Management fee $535,309  
Independent trustees' fees and expenses 245  
Total expenses before reductions 535,554  
Expense reductions (75) 535,479 
Net investment income (loss)  251,906 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 234,209  
Capital gain distributions from underlying funds 4,889,391  
Total net realized gain (loss)  5,123,600 
Change in net unrealized appreciation (depreciation) on underlying funds  14,691,574 
Net gain (loss)  19,815,174 
Net increase (decrease) in net assets resulting from operations  $20,067,080 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $251,906 $1,154,087 
Net realized gain (loss) 5,123,600 1,463,110 
Change in net unrealized appreciation (depreciation) 14,691,574 9,155,957 
Net increase (decrease) in net assets resulting from operations 20,067,080 11,773,154 
Distributions to shareholders from net investment income (57,327) (1,119,481) 
Distributions to shareholders from net realized gain (1,284,107) (924,001) 
Total distributions (1,341,434) (2,043,482) 
Share transactions - net increase (decrease) 432,763,762 59,406,386 
Total increase (decrease) in net assets 451,489,408 69,136,058 
Net Assets   
Beginning of period 116,154,988 47,018,930 
End of period $567,644,396 $116,154,988 
Other Information   
Undistributed net investment income end of period $251,669 $57,090 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2060 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015A 
Selected Per–Share Data     
Net asset value, beginning of period $11.01 $9.78 $10.45 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.01) .16 .16 .10 
Net realized and unrealized gain (loss) 1.03 1.37 (.53) .52 
Total from investment operations 1.02 1.53 (.37) .62 
Distributions from net investment income (.01) (.13) (.12) (.10) 
Distributions from net realized gain (.11) (.17) (.17) (.07) 
Total distributions (.12) (.30) (.30)C (.17) 
Net asset value, end of period $11.91 $11.01 $9.78 $10.45 
Total ReturnD,E 9.30% 16.01% (3.67)% 6.22% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .53%H - %I - %I - %H,I 
Expenses net of fee waivers, if any .53%H -% -% - %H 
Expenses net of all reductions .53%H -% -% - %H 
Net investment income (loss) (.11)%H 1.54% 1.67% 1.54%H 
Supplemental Data     
Net assets, end of period (000 omitted) $172,758 $116,155 $47,019 $8,968 
Portfolio turnover rateF 23%H,J 21% 31% 28%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.30 per share is comprised of distributions from net investment income of $.121 and distributions from net realized gain of $.174 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.44%G 
Supplemental Data  
Net assets, end of period (000 omitted) $385,224 
Portfolio turnover rateE 23%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $9,662 
Portfolio turnover rateE 23%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

Fidelity Freedom Income Fund, Fidelity Freedom 2005 Fund, Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund and Fidelity Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. Each Fund offers Fidelity Freedom, Class K and Class K6 shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund commenced sale of Class K and Class K6 shares on July 20, 2017 and June 7, 2017, respectively. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Series Equity-Income Fund to Fidelity Series Value Discovery Fund.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for Fidelity Freedom 2010 Fund, Fidelity Freedom 2020 Fund and Fidelity Freedom 2030 Fund, independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds, deferred trustees compensation and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Income Fund $3,509,154,457 $315,867,892 $(27,546,433) $288,321,459 
Fidelity Freedom 2005 Fund 947,189,030 91,280,373 (12,123,688) 79,156,685 
Fidelity Freedom 2010 Fund 6,034,606,035 821,208,345 (63,827,843) 757,380,502 
Fidelity Freedom 2015 Fund 8,950,334,565 1,532,474,549 (69,250,186) 1,463,224,363 
Fidelity Freedom 2020 Fund 25,545,099,708 4,588,748,340 (227,529,915) 4,361,218,425 
Fidelity Freedom 2025 Fund 22,180,838,968 4,110,914,450 (152,955,721) 3,957,958,729 
Fidelity Freedom 2030 Fund 25,090,910,423 5,633,485,990 (134,258,695) 5,499,227,295 
Fidelity Freedom 2035 Fund 16,544,223,229 4,068,269,188 (70,907,665) 3,997,361,523 
Fidelity Freedom 2040 Fund 17,035,567,723 4,383,587,954 (73,577,248) 4,310,010,706 
Fidelity Freedom 2045 Fund 10,092,445,846 2,437,436,592 (39,002,254) 2,398,434,338 
Fidelity Freedom 2050 Fund 8,459,132,296 2,020,888,764 (29,706,551) 1,991,182,213 
Fidelity Freedom 2055 Fund 3,303,655,673 520,012,483 (12,668,332) 507,344,151 
Fidelity Freedom 2060 Fund 509,484,539 59,521,935 (1,058,365) 58,463,570 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares and in-kind transactions, other than securities acquired in the merger, are noted in the table below.

 Purchases ($) Redemptions ($) 
Fidelity Freedom Income Fund $213,195,953 $225,826,002 
Fidelity Freedom 2005 Fund 78,731,427 70,675,497 
Fidelity Freedom 2010 Fund 471,348,514 551,261,066 
Fidelity Freedom 2015 Fund 854,356,244 805,058,422 
Fidelity Freedom 2020 Fund 2,277,588,861 1,703,551,228 
Fidelity Freedom 2025 Fund 2,389,519,412 1,344,581,553 
Fidelity Freedom 2030 Fund 2,774,525,148 1,661,956,614 
Fidelity Freedom 2035 Fund 2,132,396,555 1,027,552,414 
Fidelity Freedom 2040 Fund 1,966,539,976 1,044,538,578 
Fidelity Freedom 2045 Fund 1,246,604,515 532,086,799 
Fidelity Freedom 2050 Fund 1,003,088,732 438,562,035 
Fidelity Freedom 2055 Fund 458,313,654 135,938,481 
Fidelity Freedom 2060 Fund 104,728,735 18,397,105 

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Effective June 1, 2017, under the management contract approved by the Board of Trustees (the Board) and shareholders, FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees.

For the period, June 1, 2017 (July 20, 2017 and June 7, 2017 for Class K and Class K6, respectively) through September 30, 2017, the total annual management fee rate for each Class of each Fund was as follows:

 Annual % of Class-Level Average Net Assets (Fidelity Freedom Class) Annual % of Class-Level Average Net Assets
(Classes K and K6) 
Fidelity Freedom Income Fund .465% .415% 
Fidelity Freedom 2005 Fund .491% .435% 
Fidelity Freedom 2010 Fund .533% .468% 
Fidelity Freedom 2015 Fund .576% .503% 
Fidelity Freedom 2020 Fund .618% .538% 
Fidelity Freedom 2025 Fund .661% .573% 
Fidelity Freedom 2030 Fund .703% .608% 
Fidelity Freedom 2035 Fund .746% .643% 
Fidelity Freedom 2040 Fund .746% .643% 
Fidelity Freedom 2045 Fund .746% .643% 
Fidelity Freedom 2050 Fund .746% .643% 
Fidelity Freedom 2055 Fund .746% .643% 
Fidelity Freedom 2060 Fund .746% .643% 

Effective June 7, 2017, under the expense contract approved by the Board, the investment adviser pays class-level expenses for Class K6 of each Fund as necessary so that Class K6 total expenses do not exceed certain amounts of Class K6 average net assets on an annual basis with certain exceptions, as noted in the following table:

 Annual % of Class-Level Average Net Assets
(Class K6) 
Fidelity Freedom Income Fund .365% 
Fidelity Freedom 2005 Fund .377% 
Fidelity Freedom 2010 Fund .396% 
Fidelity Freedom 2015 Fund .415% 
Fidelity Freedom 2020 Fund .435% 
Fidelity Freedom 2025 Fund .454% 
Fidelity Freedom 2030 Fund .474% 
Fidelity Freedom 2035 Fund .493% 
Fidelity Freedom 2040 Fund .493% 
Fidelity Freedom 2045 Fund .493% 
Fidelity Freedom 2050 Fund .493% 
Fidelity Freedom 2055 Fund .493% 
Fidelity Freedom 2060 Fund .493% 

In addition, the Board and shareholders of each Underlying Fund approved a new management contract, effective June 1, 2017. Under the management contract, each Underlying Fund no longer pays a management fee, and most of each Underlying Fund's ordinary operating expenses are borne by the investment adviser.

Prior to June 1, 2017, the investment adviser provided the Funds with investment management related services. The Funds did not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Series Value Discovery Fund, ("selected Underlying Fund") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Series Intrinsic Opportunities Fund and Fidelity Series Growth & Income Fund which are affiliated investment companies managed by FMR. Net realized gain (loss) on the redemptions of the selected Underlying Fund in connection with the reallocation is included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the net related gain (loss) for the Funds are presented in the accompanying table:

 Value of Investments and Cash reallocated Net realized Gain (Loss) on redemptions of selected Underlying Fund 
Fidelity Freedom Income $ 21,943,732 $ 5,248,386 
Fidelity Freedom 2005 9,132,913 818,016 
Fidelity Freedom 2010 82,938,352 17,423,248 
Fidelity Freedom 2015 132,300,852 26,218,924 
Fidelity Freedom 2020 349,185,809 55,046,914 
Fidelity Freedom 2025 312,149,126 36,476,750 
Fidelity Freedom 2030 443,448,822 45,658,987 
Fidelity Freedom 2035 315,567,651 25,385,650 
Fidelity Freedom 2040 341,654,429 31,022,107 
Fidelity Freedom 2045 165,214,747 12,941,012 
Fidelity Freedom 2050 136,449,649 10,462,773 
Fidelity Freedom 2055 44,625,815 2,684,111 
Fidelity Freedom 2060 6,196,209 137,579 

5. Expense Reductions.

Prior to June 1, 2017, FMR voluntarily agreed to reimburse each Fund's operating expenses. Some expenses, for example interest expense, were excluded from this reimbursement. Effective June 1, 2017, these voluntary reimbursements were discontinued.

The following classes of each applicable Fund were in reimbursement during the period:

Fidelity Freedom Income Fund $1,400 
Fidelity Freedom 2005 Fund 383 
Fidelity Freedom 2010 Fund 3,152 
Fidelity Freedom 2015 Fund 3,493 
Fidelity Freedom 2020 Fund 8,733 
Fidelity Freedom 2025 Fund 6,404 
Fidelity Freedom 2030 Fund 7,879 
Fidelity Freedom 2035 Fund 4,521 
Fidelity Freedom 2040 Fund 4,763 
Fidelity Freedom 2045 Fund 2,292 
Fidelity Freedom 2050 Fund 1,891 
Fidelity Freedom 2055 Fund 605 
Fidelity Freedom 2060 Fund 75 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund   
From net investment income   
Fidelity Freedom Income Fund $12,608,956 $37,016,596 
Class K 1,471 – 
Class K6 16,731 – 
Total $12,627,158 $37,016,596 
From net realized gain   
Fidelity Freedom Income Fund $14,993,579 $32,674,118 
Total $14,993,579 $ 32,674,118 
Fidelity Freedom 2005 Fund   
From net investment income   
Fidelity Freedom 2005 Fund $1,620,929 $10,200,069 
Total $1,620,929 $ 10,200,069 
From net realized gain   
Fidelity Freedom 2005 Fund $5,291,856 $7,369,706 
Total $5,291,856 $ 7,369,706 
Fidelity Freedom 2010 Fund   
From net investment income   
Fidelity Freedom 2010 Fund $11,553,873 $71,220,043 
Total $11,553,873 $ 71,220,043 
From net realized gain   
Fidelity Freedom 2010 Fund $49,891,727 $73,776,491 
Total $49,891,727 $ 73,776,491 
Fidelity Freedom 2015 Fund   
From net investment income   
Fidelity Freedom 2015 Fund $13,537,555 $89,847,108 
Total $13,537,555 $ 89,847,108 
From net realized gain   
Fidelity Freedom 2015 Fund $71,790,066 $104,826,159 
Total $71,790,066 $ 104,826,159 
Fidelity Freedom 2020 Fund   
From net investment income   
Fidelity Freedom 2020 Fund $28,799,746 $200,026,428 
Total $28,799,746 $200,026,428 
From net realized gain   
Fidelity Freedom 2020 Fund $168,906,642 $252,757,975 
Total $168,906,642 $ 252,757,975 
Fidelity Freedom 2025 Fund   
From net investment income   
Fidelity Freedom 2025 Fund $20,288,985 $147,758,780 
Total $20,288,985 $147,758,780 
From net realized gain   
Fidelity Freedom 2025 Fund $126,806,087 $204,066,897 
Total $126,806,087 $ 204,066,897 
Fidelity Freedom 2030 Fund   
From net investment income   
Fidelity Freedom 2030 Fund $14,875,007 $163,120,493 
Total $14,875,007 $ 163,120,493 
From net realized gain   
Fidelity Freedom 2030 Fund $177,823,710 $254,968,549 
Total $177,823,710 $ 254,968,549 
Fidelity Freedom 2035 Fund   
From net investment income   
Fidelity Freedom 2035 Fund $4,477,894 $88,507,344 
Total $4,477,894 $ 88,507,344 
From net realized gain   
Fidelity Freedom 2035 Fund $104,484,046 $162,354,536 
Total $104,484,046 $ 162,354,536 
Fidelity Freedom 2040 Fund   
From net investment income   
Fidelity Freedom 2040 Fund $3,727,463 $96,859,849 
Total $3,727,463 $96,859,849 
From net realized gain   
Fidelity Freedom 2040 Fund $114,805,801 $178,085,083 
Total $114,805,801 $ 178,085,083 
Fidelity Freedom 2045 Fund   
From net investment income   
Fidelity Freedom 2045 Fund $1,914,156 $45,424,022 
Total $1,914,156 $ 45,424,022 
From net realized gain   
Fidelity Freedom 2045 Fund $50,405,841 $83,790,283 
Total $50,405,841 $ 83,790,283 
Fidelity Freedom 2050 Fund   
From net investment income   
Fidelity Freedom 2050 Fund $1,573,575 $36,871,772 
Total $1,573,575 $ 36,871,772 
From net realized gain   
Fidelity Freedom 2050 Fund $40,897,550 $67,884,342 
Total $40,897,550 $ 67,884,342 
Fidelity Freedom 2055 Fund   
From net investment income   
Fidelity Freedom 2055 Fund $530,888 $11,091,790 
Total $530,888 $ 11,091,790 
From net realized gain   
Fidelity Freedom 2055 Fund $10,617,722 $15,197,673 
Total $10,617,722 $ 15,197,673 
Fidelity Freedom 2060 Fund   
From net investment income   
Fidelity Freedom 2060 Fund $57,327 $1,119,481 
Total $57,327 $ 1,119,481 
From net realized gain   
Fidelity Freedom 2060 Fund $1,284,107 $924,001 
Total $1,284,107 $ 924,001 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017(a) Year ended
March 31, 2017 
Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 11,865,158 27,891,079 $138,935,467 $318,995,628 
Reinvestment of distributions 2,328,579 6,036,813 27,038,983 68,285,524 
Shares redeemed (18,267,957) (43,107,568) (213,720,791) (492,617,047) 
Net increase (decrease) (4,074,220) (9,179,676) $(47,746,341) $(105,335,895) 
Class K     
Shares sold 5,399,525 $63,845,031 $- 
Issued in exchange for the shares of Fidelity Freedom K Income Fund 136,520,990  1,613,678,107  
Reinvestment of distributions 124 1,462 
Shares redeemed (2,698,054) (31,925,890) 
Net increase (decrease) 139,222,585 $1,645,598,710 $- 
Class K6     
Shares sold 673,305 $7,927,709 $- 
Reinvestment of distributions 1,420 16,731 
Shares redeemed (111,610) (1,321,236) 
Net increase (decrease) 563,115 $6,623,204 $- 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 3,171,508 8,370,565 $39,311,961 $99,885,293 
Reinvestment of distributions 559,542 1,487,696 6,848,797 17,425,187 
Shares redeemed (4,408,162) (11,808,557) (54,690,573) (141,074,680) 
Net increase (decrease) (677,112) (1,950,296) $(8,529,815) $(23,764,200) 
Class K     
Shares sold 1,838,065 $23,119,343 $- 
Issued in exchange for the shares of Fidelity Freedom K 2005 Fund 32,823,330 412,589,249 
Shares redeemed (744,609) (9,387,938) 
Net increase (decrease) 33,916,786 $426,320,654 $- 
Class K6     
Shares sold 199,610 $2,494,426 $- 
Shares redeemed (11,666) (146,611) 
Net increase (decrease) 187,944 $2,347,815 $- 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 10,940,205 29,730,777 $173,302,869 $450,240,426 
Reinvestment of distributions 3,880,855 9,654,368 60,541,342 142,971,004 
Shares redeemed (23,112,839) (63,066,784) (365,719,461) (954,373,734) 
Net increase (decrease) (8,291,779) (23,681,639) $(131,875,250) $(361,162,304) 
Class K     
Shares sold 5,535,906 $88,997,581 $- 
Issued in exchange for the shares of Fidelity Freedom K 2010 Fund 158,527,428  2,547,535,809  
Shares redeemed (2,696,038) (43,510,785) 
Net increase (decrease) 161,367,296 $2,593,022,605 $- 
Class K6     
Shares sold 869,976 $13,897,456 $- 
Shares redeemed (39,542) (636,879) 
Net increase (decrease) 830,434 $13,260,577 $- 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 35,171,234 86,891,690 $460,507,427 $1,077,815,896 
Reinvestment of distributions 6,567,635 15,956,683 84,525,456 192,945,931 
Shares redeemed (52,108,046) (132,326,360) (681,551,786) (1,637,477,620) 
Net increase (decrease) (10,369,177) (29,477,987) $(136,518,903) $(366,715,793) 
Class K     
Shares sold 19,084,988 $253,716,164 $- 
Issued in exchange for the shares of Fidelity Freedom K 2015 Fund 357,299,109  4,748,505,056  
Shares redeemed (8,225,915) (109,900,682) 
Net increase (decrease) 368,158,182 $4,892,320,538 $- 
Class K6     
Shares sold 3,733,869 $49,367,640 $- 
Shares redeemed (606,527) (8,028,911) 
Net increase (decrease) 3,127,342 $41,338,729 $- 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 72,329,584 159,336,775 $1,161,107,270 $2,409,581,355 
Reinvestment of distributions 12,408,959 30,520,001 195,813,364 448,509,541 
Shares redeemed (91,306,664) (209,463,411) (1,466,243,011) (3,158,599,236) 
Net increase (decrease) (6,568,121) (19,606,635) $(109,322,377) $(300,508,340) 
Class K     
Shares sold 46,814,954 $765,360,981 $- 
Issued in exchange for the shares of Fidelity Freedom K 2020 Fund 997,191,746  16,284,141,352  
Shares redeemed (16,770,810) (275,686,957) 
Net increase (decrease) 1,027,235,890 $16,773,815,376 $- 
Class K6     
Shares sold 9,313,811 $151,461,322 $- 
Shares redeemed (453,835) (7,351,710) 
Net increase (decrease) 8,859,976 $144,109,612 $- 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 72,880,365 161,205,087 $1,008,671,416 $2,085,995,325 
Reinvestment of distributions 10,738,033 27,865,215 146,037,168 349,406,296 
Shares redeemed (74,673,353) (163,515,141) (1,034,063,327) (2,107,812,160) 
Net increase (decrease) 8,945,045 25,555,161 $120,645,257 $327,589,461 
Class K     
Shares sold 57,633,659 $813,061,899 $- 
Issued in exchange for the shares of Fidelity Freedom K 2025 Fund 1,039,138,058  14,641,455,337  
Shares redeemed (16,783,958) (238,208,206) 
Net increase (decrease) 1,079,987,759 $15,216,309,030 $- 
Class K6     
Shares sold 20,536,369 $288,380,992 $- 
Shares redeemed (1,060,539) (14,874,120) 
Net increase (decrease) 19,475,830 $273,506,872 $- 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 57,960,612 123,540,563 $997,329,320 $1,957,712,162 
Reinvestment of distributions 11,324,574 27,198,687 191,158,810 414,813,441 
Shares redeemed (64,314,572) (142,359,984) (1,108,159,949) (2,244,048,246) 
Net increase (decrease) 4,970,614 8,379,266 $80,328,181 $128,477,357 
Class K     
Shares sold 44,280,210 $779,026,021 $- 
Issued in exchange for the shares of Fidelity Freedom K 2030 Fund 980,848,240  17,213,886,716  
Shares redeemed (13,208,718) (234,109,768) 
Net increase (decrease) 1,011,919,732 $17,758,802,969 $- 
Class K6     
Shares sold 22,664,641 $396,475,122 $- 
Shares redeemed (390,179) (6,829,742) 
Net increase (decrease) 22,274,462 $389,645,380 $- 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 53,960,721 107,335,106 $773,676,885 $1,399,007,407 
Reinvestment of distributions 7,707,044 19,960,664 108,361,033 249,452,344 
Shares redeemed (50,242,072) (109,251,957) (720,419,683) (1,416,735,577) 
Net increase (decrease) 11,425,693 18,043,813 $161,618,235 $231,724,174 
Class K     
Shares sold 45,464,097 $667,162,259 $- 
Issued in exchange for the shares of Fidelity Freedom K 2035 Fund 810,190,579  11,861,189,816  
Shares redeemed (11,986,842) (177,495,766) 
Net increase (decrease) 843,667,834 $12,350,856,309 $- 
Class K6     
Shares sold 24,573,312 $359,395,098 $- 
Shares redeemed (269,933) (3,971,355) 
Net increase (decrease) 24,303,379 $355,423,743 $- 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 64,602,548 140,785,303 $649,838,406 $1,286,757,447 
Reinvestment of distributions 11,920,030 31,075,048 117,531,506 272,618,946 
Shares redeemed (71,623,015) (155,935,498) (721,941,439) (1,418,860,060) 
Net increase (decrease) 4,899,563 15,924,853 $45,428,473 $140,516,333 
Class K     
Shares sold 63,797,242 $657,722,352 $- 
Issued in exchange for the shares of Fidelity Freedom K 2040 Fund 1,209,417,175 12,432,808,583  
Shares redeemed (15,781,331) (164,224,789) 
Net increase (decrease) 1,257,433,086 $12,926,306,146 $- 
Class K6     
Shares sold 28,132,546 $288,723,775 $- 
Shares redeemed (423,330) (4,345,556) 
Net increase (decrease) 27,709,216 $284,378,219 $- 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 41,090,957 88,251,156 $467,297,955 $911,294,661 
Reinvestment of distributions 4,656,358 12,918,827 51,918,394 128,307,737 
Shares redeemed (37,086,347) (77,904,384) (421,882,357) (800,946,564) 
Net increase (decrease) 8,660,968 23,265,599 $97,333,992 $238,655,834 
Class K     
Shares sold 42,260,753 $492,513,065 $- 
Issued in exchange for the shares of Fidelity Freedom K 2045 Fund 680,392,245  7,906,157,717  
Shares redeemed (9,076,154) (106,789,024) 
Net increase (decrease) 713,576,844 $8,291,881,758 $- 
Class K6     
Shares sold 13,954,184 $161,962,332 $- 
Shares redeemed (283,152) (3,285,910) 
Net increase (decrease) 13,671,032 $158,676,422 $- 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 36,717,117 78,016,417 $419,862,089 $809,711,740 
Reinvestment of distributions 3,742,099 10,380,386 41,948,867 103,566,059 
Shares redeemed (32,864,607) (65,322,506) (376,269,064) (675,747,669) 
Net increase (decrease) 7,594,609 23,074,297 $85,541,892 $237,530,130 
Class K     
Shares sold 33,641,299 $394,560,746 $- 
Issued in exchange for the shares of Fidelity Freedom K 2050 Fund 572,849,516  6,690,882,218  
Shares redeemed (8,072,189) (95,443,272) 
Net increase (decrease) 598,418,626 $6,989,999,692 $- 
Class K6     
Shares sold 10,312,301 $120,357,091 $- 
Shares redeemed (217,406) (2,543,094) 
Net increase (decrease) 10,094,895 $117,813,997 $- 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 17,985,895 35,961,184 $231,580,697 $417,830,315 
Reinvestment of distributions 868,710 2,322,949 10,963,123 25,903,357 
Shares redeemed (11,004,595) (22,547,740) (141,637,598) (261,603,767) 
Net increase (decrease) 7,850,010 15,736,393 $100,906,222 $182,129,905 
Class K     
Shares sold 13,692,184 $180,899,760 $- 
Issued in exchange for the shares of Fidelity Freedom K 2055 Fund 187,145,598  2,460,964,568  
Shares redeemed (2,727,175) (36,304,593) 
Net increase (decrease) 198,110,607 $2,605,559,735 $- 
Class K6     
Shares sold 3,946,449 $51,830,284 $- 
Shares redeemed (106,283) (1,399,007) 
Net increase (decrease) 3,840,166 $50,431,277 $- 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 5,677,772 8,574,369 $64,924,145 $88,938,893 
Reinvestment of distributions 116,343 198,281 1,304,209 1,984,387 
Shares redeemed (1,830,620) (3,035,221) (20,942,812) (31,516,894) 
Net increase (decrease) 3,963,495 5,737,429 $45,285,542 $59,406,386 
Class K     
Shares sold 2,846,451 $33,501,456 $- 
Issued in exchange for the shares of Fidelity Freedom K 2060 Fund 30,017,564  350,605,136  
Shares redeemed (515,362) (6,093,232) 
Net increase (decrease) 32,348,653 $378,013,360 $- 
Class K6     
Shares sold 839,499 $9,798,536 $- 
Shares redeemed (28,443) (333,676) 
Net increase (decrease) 811,056 $9,464,860 $- 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Freedom Income Fund Fidelity Freedom 2010 Fund Fidelity Freedom 2015 Fund Fidelity Freedom 2020 Fund Fidelity Freedom 2025 Fund Fidelity Freedom 2030 Fund Fidelity Freedom 2035 Fund Fidelity Freedom 2040 Fund 
Fidelity Series 100 Index Fund –% –% –% 11% 11% 16% 12% 13% 
Fidelity Series 1000 Value Index Fund –% –% –% 13% 12% 17% 14% 14% 
Fidelity Series All-Sector Equity Fund –% –% –% 12% 12% 16% 13% 13% 
Fidelity Series Blue Chip Growth Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Canada Fund –% –% –% 13% 12% 17% 11% 14% 
Fidelity Series Commodity Strategy Fund –% –% –% 15% 13% 16% 10% 11% 
Fidelity Series Emerging Markets Debt Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Emerging Markets Fund –% –% –% 13% 12% 16% 12% 13% 
Fidelity Series Floating Rate High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Government Money Market Fund –% 10% 11% 24% 16% –% –% –% 
Fidelity Series Growth & Income Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Growth Company Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Inflation-Protected Bond Index Fund –% –% –% 14% –% 11% –% –% 
Fidelity Series International Credit Fund –% –% –% 18% 15% 15% –% –% 
Fidelity Series International Growth Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Small Cap Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Value Fund –% –% –% 13% 12% 16% 13% 13% 
Fidelity Series Intrinsic Opportunities Fund –% –% –% 14% 13% 18% 14% 15% 
Fidelity Series Investment Grade Bond Fund –% –% 11% 28% 21% 15% –% –% 
Fidelity Series Long-Term Treasury Bond Index Fund –% –% –% 16% 14% 17% 11% –% 
Fidelity Series Opportunistic Insights Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Real Estate Equity Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Real Estate Income Fund –% –% –% 16% 13% 16% 10% 11% 
Fidelity Series Short-Term Credit Fund 12% 12% 14% 29% 19% –% –% –% 
Fidelity Series Small Cap Discovery Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Small Cap Opportunities Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Stock Selector Large Cap Value Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Value Discovery Fund –% –% –% 13% 13% 18% 14% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Series 100 Index Fund 86% 
Fidelity Series 1000 Value Index Fund 95% 
Fidelity Series All-Sector Equity Fund 90% 
Fidelity Series Blue Chip Growth Fund 100% 
Fidelity Series Canada Fund 91% 
Fidelity Series Commodity Strategy Fund 91% 
Fidelity Series Emerging Markets Debt Fund 91% 
Fidelity Series Emerging Markets Fund 91% 
Fidelity Series Floating Rate High Income Fund 91% 
Fidelity Series Government Money Market Fund 82% 
Fidelity Series Growth & Income Fund 100% 
Fidelity Series Growth Company Fund 100% 
Fidelity Series High Income Fund 91% 
Fidelity Series Inflation-Protected Bond Index Fund 80% 
Fidelity Series International Credit Fund 91% 
Fidelity Series International Growth Fund 91% 
Fidelity Series International Small Cap Fund 91% 
Fidelity Series International Value Fund 91% 
Fidelity Series Intrinsic Opportunities Fund 100% 
Fidelity Series Investment Grade Bond Fund 91% 
Fidelity Series Long-Term Treasury Bond Index Fund 91% 
Fidelity Series Opportunistic Insights Fund 100% 
Fidelity Series Real Estate Equity Fund 91% 
Fidelity Series Real Estate Income Fund 91% 
Fidelity Series Short-Term Credit Fund 100% 
Fidelity Series Small Cap Discovery Fund 100% 
Fidelity Series Small Cap Opportunities Fund 90% 
Fidelity Series Stock Selector Large Cap Value Fund 100% 
Fidelity Series Value Discovery Fund 100% 

9. Merger Information.

On September 8, 2017, each Surviving Fund acquired all of the assets and assumed all of the liabilities of each Target Fund pursuant to each Agreement and Plan of Reorganization approved by the Board of Trustees ("The Board"). Each acquisition was accomplished by an exchange of Class K shares of each Surviving Fund for corresponding shares then outstanding of each Target Fund, at their respective net asset value on the acquisition date. In addition, the Board approved the creation of additional classes of shares that commenced sale of shares on July 20, 2017. The reorganization provided shareholders of each Target Fund access to a larger portfolio with a similar investment objective and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

Combined total net assets after the acquisition are as follows:

Target Funds Securities $ Unrealized appreciation (depreciation)$ Net Assets $ Surviving Funds Net assets $ Total net assets after the acquisition $ 
Fidelity Freedom K 2005 Fund 412,419,889 40,449,279 412,589,249 Fidelity Freedom 2005 Fund 610,614,214 1,023,203,463 
Fidelity Freedom K 2010 Fund 2,546,556,623 329,226,460 2,547,535,809 Fidelity Freedom 2010 Fund 4,238,458,400 6,785,994,209 
Fidelity Freedom K 2015 Fund 4,746,815,623 696,286,166 4,748,505,056 Fidelity Freedom 2015 Fund 5,645,731,933 10,394,236,989 
Fidelity Freedom K 2020 Fund 16,278,675,415 2,424,773,804 16,284,141,352 Fidelity Freedom 2020 Fund 13,414,449,646 29,698,590,998 
Fidelity Freedom K 2025 Fund 14,636,906,056 2,237,270,202 14,641,455,337 Fidelity Freedom 2025 Fund 11,194,758,422 25,836,213,759 
Fidelity Freedom K 2030 Fund 17,209,401,290 3,150,938,702 17,213,886,716 Fidelity Freedom 2030 Fund 12,912,345,253 30,126,231,969 
Fidelity Freedom K 2035 Fund 11,858,805,237 2,326,083,837 11,861,189,816 Fidelity Freedom 2035 Fund 8,269,361,979 20,130,551,795 
Fidelity Freedom K 2040 Fund 12,430,342,176 2,512,607,175 12,432,808,583 Fidelity Freedom 2040 Fund 8,489,396,048 20,922,204,631 
Fidelity Freedom K 2045 Fund 7,904,615,516 1,469,965,780 7,906,157,717 Fidelity Freedom 2045 Fund 4,301,147,363 12,207,305,080 
Fidelity Freedom K 2050 Fund 6,689,588,035 1,219,930,995 6,690,882,218 Fidelity Freedom 2050 Fund 3,509,123,170 10,200,005,388 
Fidelity Freedom K 2055 Fund 2,460,473,831 326,647,894 2,460,964,568 Fidelity Freedom 2055 Fund 1,221,516,226 3,682,480,794 
Fidelity Freedom K 2060 Fund 350,535,702 37,076,005 350,605,136 Fidelity Freedom 2060 Fund 184,982,168 535,587,304 
Fidelity Freedom K Income Fund 1,612,974,652 111,654,038 1,613,678,107 Fidelity Freedom Income Fund 2,180,776,091 3,794,454,198 

Pro forma results of operations of the combined entity for the entire period ended September 30, 2017, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:

Surviving Funds Net investment income (loss) $ Total net realized gain (loss) $ Total change in net unrealized appreciation (depreciation)$ Net increase (decrease) in net assets resulting from operations $ 
Fidelity Freedom 2005 Fund 5,353,527 14,711,664 26,248,239 46,313,430 
Fidelity Freedom 2010 Fund 32,859,458 154,454,859 175,971,594 363,285,911 
Fidelity Freedom 2015 Fund 44,248,033 273,459,392 313,836,336 631,543,761 
Fidelity Freedom 2020 Fund 112,466,405 657,988,197 1,159,430,903 1,929,885,505 
Fidelity Freedom 2025 Fund 79,970,323 497,770,499 1,188,538,128 1,766,278,950 
Fidelity Freedom 2030 Fund 62,137,483 681,469,895 1,628,581,595 2,372,188,973 
Fidelity Freedom 2035 Fund 18,028,787 444,589,484 1,261,734,915 1,724,353,186 
Fidelity Freedom 2040 Fund 17,016,387 479,188,132 1,322,596,465 1,818,800,984 
Fidelity Freedom 2045 Fund 10,028,180 240,341,634 800,066,479 1,050,436,293 
Fidelity Freedom 2050 Fund 8,440,866 201,234,537 676,620,622 886,296,025 
Fidelity Freedom 2055 Fund 2,879,332 50,646,769 247,646,407 301,172,508 
Fidelity Freedom 2060 Fund 376,623 6,300,604 34,223,936 40,901,163 
Fidelity Freedom Income Fund 23,043,909 47,888,756 69,055,343 139,988,008 

Because each combined investment portfolio have been managed as a single portfolio since each acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of each Target Fund that have been included in the Surviving Fund's accompanying Statement of Operations since September 8, 2017.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017)for Fidelity Freedom and for the period (July 20, 2017 to September 30, 2017) for Class K and for the period (June 7, 2017 to September 30, 2017) for Class K6. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period
 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .31%    
Actual  $1,000.00 $1,037.60 $1.58-B,C 
Hypothetical-D  $1,000.00 $1,023.51 $1.57-C,E 
Class K .46%    
Actual  $1,000.00 $1,009.30 $.92-B 
Hypothetical-D  $1,000.00 $1,022.76 $2.33-E 
Class K6 .37%    
Actual  $1,000.00 $1,016.90 $1.19-B 
Hypothetical-D  $1,000.00 $1,023.21 $1.88-E 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .33%    
Actual  $1,000.00 $1,046.70 $1.69-B,C 
Hypothetical-D  $1,000.00 $1,023.41 $1.67-C,E 
Class K .45%    
Actual  $1,000.00 $1,011.20 $.91-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Class K6 .38%    
Actual  $1,000.00 $1,021.80 $1.22-B 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-E 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .36%    
Actual  $1,000.00 $1,054.80 $1.85-B,C 
Hypothetical-D  $1,000.00 $1,023.26 $1.83-C,E 
Class K .49%    
Actual  $1,000.00 $1,013.20 $.99-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Class K6 .39%    
Actual  $1,000.00 $1,026.00 $1.26-B 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-E 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .39%    
Actual  $1,000.00 $1,062.90 $2.02-B,C 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-C,E 
Class K .53%    
Actual  $1,000.00 $1,015.10 $1.07-B 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-E 
Class K6 .41%    
Actual  $1,000.00 $1,029.20 $1.32-B 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-E 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .41%    
Actual  $1,000.00 $1,067.90 $2.13-B,C 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-C,E 
Class K .56%    
Actual  $1,000.00 $1,016.00 $1.13-B 
Hypothetical-D  $1,000.00 $1,022.26 $2.84-E 
Class K6 .43%    
Actual  $1,000.00 $1,031.90 $1.39-B 
Hypothetical-D  $1,000.00 $1,022.91 $2.18-E 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .45%    
Actual  $1,000.00 $1,072.10 $2.34-B,C 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-C,E 
Class K .60%    
Actual  $1,000.00 $1,017.10 $1.21-B 
Hypothetical-D  $1,000.00 $1,022.06 $3.04-E 
Class K6 .45%    
Actual  $1,000.00 $1,034.80 $1.46-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .47%    
Actual  $1,000.00 $1,083.80 $2.46-B,C 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-C,E 
Class K .63%    
Actual  $1,000.00 $1,020.60 $1.27-B 
Hypothetical-D  $1,000.00 $1,021.91 $3.19-E 
Class K6 .47%    
Actual  $1,000.00 $1,040.20 $1.52-B 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-E 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .50%    
Actual  $1,000.00 $1,091.70 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,021.90 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.10 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .50%    
Actual  $1,000.00 $1,093.30 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.90 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .51%    
Actual  $1,000.00 $1,092.20 $2.67-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.00 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .51%    
Actual  $1,000.00 $1,093.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .51%    
Actual  $1,000.00 $1,092.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.90 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.20 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .53%    
Actual  $1,000.00 $1,093.00 $2.78-B,C 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period) for Fidelity Freedom and multiplied by 73/ 365 (to reflect the period July 20, 2017 to September 30, 2017) for Class K and multiplied by 116/365(to reflect the period June 7, 2017 to September 30, 2017) for Class K6.

 C If fees and changes to the class level expense contract and/or expense cap, effective June 1, 2017, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in the table below.

 D 5% return per year before expenses

 E Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Fund's annualized expense ratio.


 Annualized Expense Ratio-(a)
 
Expenses Paid
 
Fidelity Freedom Income Fund   
Fidelity Freedom Income Fund .47%  
Actual  $2.40 
Hypothetical-(b)  $2.38 
Fidelity Freedom 2005 Fund   
Fidelity Freedom 2005 Fund .49%  
Actual  $2.51 
Hypothetical-(b)  $2.48 
Fidelity Freedom 2010 Fund   
Fidelity Freedom 2010 Fund .53%  
Actual  $2.73 
Hypothetical-(b)  $2.69 
Fidelity Freedom 2015 Fund   
Fidelity Freedom 2015 Fund .58%  
Actual  $3.00 
Hypothetical-(b)  $2.94 
Fidelity Freedom 2020 Fund   
Fidelity Freedom 2020 Fund .62%  
Actual  $3.21 
Hypothetical-(b)  $3.14 
Fidelity Freedom 2025 Fund   
Fidelity Freedom 2025 Fund .66%  
Actual  $3.43 
Hypothetical-(b)  $3.35 
Fidelity Freedom 2030 Fund   
Fidelity Freedom 2030 Fund .70%  
Actual  $3.65 
Hypothetical-(b)  $3.55 
Fidelity Freedom 2035 Fund   
Fidelity Freedom 2035 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2040 Fund   
Fidelity Freedom 2040 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2045 Fund   
Fidelity Freedom 2045 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2050 Fund   
Fidelity Freedom 2050 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2055 Fund   
Fidelity Freedom 2055 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2060 Fund   
Fidelity Freedom 2060 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and would be realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that the Advisory Contract currently in place for each Freedom fund had become effective on June 1, 2017 after receiving shareholder approval and had implemented a new fee structure whereby each Freedom fund pays an all-inclusive management fee that varies by class and the underlying Fidelity funds in which the Freedom fund invests no longer pay expenses, with certain limited exceptions.

In considering whether to renew the Advisory Contract and administration agreement for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Freedom 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 2017, after receiving shareholder approval. The Board noted that the new pricing structure will reduce the overall expenses that shareholders pay and provide for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when the fund did not pay a top-level management fee.

The Board instead compared each fund's current class-level management fee rate (calculated using Schedule A of the Advisory Contract with 2017 as a base year to derive the "Years to Retirement") relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that each fund's current class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of each fund's total expense ratio, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the current total expense ratio of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2016. Each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the current total expense ratio of each fund (except Freedom 2020 Fund) (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio for Freedom 2020 Fund (including expenses of the underlying funds in which the fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that Freedom 2020 Fund's current total expense ratio is above the competitive median because a number of competitor target date funds that Lipper previously categorized as passive were moved to the active target date mapped group in 2016, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest in passive products, Freedom 2020 Fund's current total expense ratio (had it been in effect for 2016) ranks equal to the competitive median.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that, although Freedom 2020 Fund was above the median of the universe presented for comparison, each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

Because the funds only recently began paying management fees, the Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund prior to the change in fee arrangements were not a material factor in its approval of the continuance of each fund's current Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that due to each fund's current contractual arrangements its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.

Proxy Voting Results

A special meeting of shareholders was held on December 22, 2016. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.

PROPOSAL 1

To elect a Board of Trustees.

 # of
Votes 
% of
Votes 
Elizabeth S. Acton   
Affirmative 67,962,879,437.90 95.738 
Withheld 3,026,199,416.67  4.262 
TOTAL 70,989,078,854.57 100.000 
John Engler   
Affirmative 67,621,098,922.89 95.256 
Withheld 3,367,979,931.68 4.744 
TOTAL 70,989,078,854.57 100.000 
Albert R. Gamper, Jr.   
Affirmative 67,692,979,200.48  95.357 
Withheld 3,296,099,654.09 4.643 
TOTAL 70,989,078,854.57 100.000 
Robert F. Gartland   
Affirmative 67,834,076,287.79  95.556 
Withheld 3,155,002,566.78 4.444 
TOTAL 70,989,078,854.57 100.000 
Abigail P. Johnson   
Affirmative 67,845,327,470.44 95.572 
Withheld 3,143,751,384.13  4.428 
TOTAL 70,989,078,854.57 100.000 
Arthur E. Johnson   
Affirmative 67,698,760,709.29 95.366 
Withheld 3,290,318,145.28  4.634 
TOTAL 70,989,078,854.57 100.000 
Michael E. Kenneally   
Affirmative 67,851,407,081.44 95.581 
Withheld 3,137,671,773.13 4.419 
TOTAL 70,989,078,854.57 100.000 
James H. Keyes   
Affirmative 67,741,432,698.10 95.426 
Withheld 3,247,646,156.47  4.574 
TOTAL 70,989,078,854.57 100.000 
Marie L. Knowles   
Affirmative 67,825,908,094.48 95.545 
Withheld 3,163,170,760.09 4.455 
TOTAL 70,989,078,854.57 100.000 
Jennifer Toolin McAuliffe   
Affirmative 67,916,195,545.89 95.672 
Withheld 3,072,883,308.68 4.328 
TOTAL 70,989,078,854.57 100.000 
Mark A. Murray   
Affirmative 67,892,016,830.18  95.638 
Withheld 3,097,062,024.39  4.362 
TOTAL 70,989,078,854.57 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® Income Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,725,808.91 85.452 
Against 57,209,301.81 3.710 
Abstain 139,752,421.36 9.063 
Broker Non - Votes 27,380,033.54 1.775 
TOTAL 1,542,067,565.62 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2005 Fund and FMR Co., Inc. (FMRC).

   
 # of
Votes 
% of
Votes 
Affirmative 388,274,134.37 87.344 
Against 13,463,802.33 3.029 
Abstain 37,902,359.85 8.526 
Broker Non - Votes 4,897,062.03 1.101 
TOTAL 444,537,358.58 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2010 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,894,055,622.85 87.706 
Against 104,012,980.85 3.152 
Abstain 245,808,272.57 7.449 
Broker Non - Votes 55,875,837.65 1.693 
TOTAL 3,299,752,713.92 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2015 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,113,584,816.65 87.813 
Against 119,264,314.90 3.363 
Abstain 263,279,480.29 7.425 
Broker Non - Votes 49,610,493.35 1.399 
TOTAL 3,545,739,105.19 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2020 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 6,025,459,912.49 86.695 
Against 267,999,712.00 3.857 
Abstain 516,809,630.88 7.435 
Broker Non - Votes 139,922,497.86 2.013 
TOTAL 6,950,191,753.23 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2025 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 4,230,187,161.45 87.910 
Against 160,635,672.08 3.339 
Abstain 324,990,750.24 6.753 
Broker Non - Votes 96,181,985.59 1.998 
TOTAL 4,811,995,569.36 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2030 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 5,129,410,373.39 87.329 
Against 265,860,179.11 4.527 
Abstain 352,198,671.47 5.996 
Broker Non - Votes 126,211,770.57 2.148 
TOTAL 5,873,680,994.54 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2035 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,847,204,408.78 87.443 
Against 177,346,742.35 5.447 
Abstain 176,248,564.92 5.412 
Broker Non - Votes 55,292,814.44 1.698 
TOTAL 3,256,092,530.49 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2040 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,150,340,778.51 85.921 
Against 192,086,025.33 5.239 
Abstain 232,983,406.13 6.354 
Broker Non - Votes 91,156,325.31 2.486 
TOTAL 3,666,566,535.28 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2045 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,538,632.19 81.312 
Against 120,626,001.56 7.444 
Abstain 151,330,394.95 9.339 
Broker Non - Votes 30,868,166.30 1.905 
TOTAL 1,620,363,195.00 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2050 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,101,712,738.67 83.074 
Against 61,795,036.11 4.660 
Abstain 128,516,950.87 9.690 
Broker Non - Votes 34,162,694.66 2.576 
TOTAL 1,326,187,420.31 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2055 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 317,070,106.59 81.637 
Against 13,109,509.54 3.376 
Abstain 46,988,431.20 12.098 
Broker Non - Votes 11,222,182.33 2.889 
TOTAL 388,390,229.66 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2060 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 28,199,563.81 79.727 
Against 2,245,306.30 6.349 
Abstain 2,904,387.30 8.211 
Broker Non - Votes 2,020,954.26 5.713 
TOTAL 35,370,211.67 100.000 
 
Proposal 1 reflects trust-wide proposal and voting results. 
The special meeting of shareholders of Fidelity® Freedom 2045 Fund and Fidelity® Freedom 2050 Fund reconvened on January 27, 2017 with respect to proposal 2.

The special meeting of shareholders of Fidelity® Freedom 2055 Fund and Fidelity® Freedom 2060 Fund reconvened on April 19, 2017 with respect to proposal 2. 
 
 
 
 
 





Fidelity Investments

FF-K2-SANN-1117
1.9885892.100




Fidelity Freedom® Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 - Class K6



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Freedom® Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees

Proxy Voting Results


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 37.2 37.5 
Fidelity Series Government Money Market Fund 1.09% 20.9 21.0 
Fidelity Series Short-Term Credit Fund 6.8 7.0 
Fidelity Series Emerging Markets Fund 3.9 4.7 
Fidelity Series Inflation-Protected Bond Index Fund 3.7 3.8 
Fidelity Series International Value Fund 2.8 2.7 
Fidelity Series International Growth Fund 2.8 2.6 
Fidelity Series Intrinsic Opportunities Fund 2.3 1.6 
Fidelity Series Growth & Income Fund 2.1 1.7 
Fidelity Series Commodity Strategy Fund 2.0 1.7 
 84.5 84.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.0% 
   International Equity Funds 10.5% 
   Bond Funds 45.8% 
   Short-Term Funds 27.7% 


Six months ago 
   Domestic Equity Funds 17.1% 
   International Equity Funds 10.6% 
   Bond Funds 44.3% 
   Short-Term Funds 28.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 16.0%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 1,097,721 $18,189,233 
Fidelity Series 1000 Value Index Fund (a) 1,750,446 21,985,604 
Fidelity Series All-Sector Equity Fund (a) 2,543,358 34,004,694 
Fidelity Series Blue Chip Growth Fund (a) 2,628,701 34,804,005 
Fidelity Series Commodity Strategy Fund (a) 14,524,047 75,960,766 
Fidelity Series Growth & Income Fund (a) 5,237,803 79,666,988 
Fidelity Series Growth Company Fund (a) 4,046,410 69,436,388 
Fidelity Series Intrinsic Opportunities Fund (a) 5,033,828 86,481,157 
Fidelity Series Opportunistic Insights Fund (a) 2,103,613 38,348,857 
Fidelity Series Real Estate Equity Fund (a) 533,556 6,888,212 
Fidelity Series Small Cap Discovery Fund (a) 851,107 10,213,284 
Fidelity Series Small Cap Opportunities Fund (a) 2,252,764 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund (a) 4,460,971 59,286,306 
Fidelity Series Value Discovery Fund (a) 3,064,195 41,121,502 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $462,104,633)  607,880,631 
International Equity Funds - 10.5%   
Fidelity Series Canada Fund (a) 1,007,068 10,715,205 
Fidelity Series Emerging Markets Fund (a) 7,142,065 147,126,541 
Fidelity Series International Growth Fund (a) 6,629,991 105,350,554 
Fidelity Series International Small Cap Fund (a) 1,430,281 25,616,337 
Fidelity Series International Value Fund (a) 10,013,085 107,840,926 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $291,292,591)  396,649,563 
Bond Funds - 45.8%   
Fidelity Series Emerging Markets Debt Fund (a) 2,788,270 29,165,303 
Fidelity Series Floating Rate High Income Fund (a) 969,267 9,198,349 
Fidelity Series High Income Fund (a) 5,853,671 57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund (a) 14,278,214 141,211,540 
Fidelity Series International Credit Fund (a) 185,006 1,859,314 
Fidelity Series Investment Grade Bond Fund (a) 125,032,062 1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,901,291 69,452,350 
Fidelity Series Real Estate Income Fund (a) 1,622,870 18,127,453 
TOTAL BOND FUNDS   
(Cost $1,694,337,831)  1,740,200,220 
Short-Term Funds - 27.7%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 795,402,632 795,402,632 
Fidelity Series Short-Term Credit Fund (a) 25,760,047 257,342,870 
TOTAL SHORT-TERM FUNDS   
(Cost $1,052,532,048)  1,052,745,502 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,500,267,103)  3,797,475,916 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (752,950) 
NET ASSETS - 100%  $3,796,722,966 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $11,491,675 $313,457 $2,142,067 $-- $648,035 $302,183  $18,189,233 
Fidelity Series 1000 Value Index Fund 14,043,610 447,702 2,436,371 -- 86,404 784,566  21,985,604 
Fidelity Series All-Sector Equity Fund 21,673,165 592,813 4,284,785 -- 761,679 1,080,380  34,004,694 
Fidelity Series Blue Chip Growth Fund 22,111,317 3,620,117 5,486,124 67,377 1,369,186 (1,409,835 ) 34,804,005 
Fidelity Series Canada Fund -- 10,397,641  22,598 -- 120 121,242  10,715,205 
Fidelity Series Commodity Strategy Fund 35,467,629 10,495,842  2,307,390 116,191 (1,009,411) 683,046 75,960,766 
Fidelity Series Emerging Markets Debt Fund 16,127,912 996,647  629,285 538,710  2,684 287,386  29,165,303 
Fidelity Series Emerging Markets Fund 100,230,776 3,041,873 48,021,112 -- 7,869,246 6,888,906  147,126,541 
Fidelity Series Floating Rate High Income Fund 5,291,055 286,762  259,241  130,257  (5,430) (11,146 ) 9,198,349 
Fidelity Series Government Money Market Fund 1.09% 449,183,508 29,176,806  21,244,310 2,225,820  -- -- 795,402,632 
Fidelity Series Growth & Income Fund 37,258,926 13,807,062 (a) 6,804,790 193,065 96,090 2,655,144  79,666,988 
Fidelity Series Growth Company Fund 43,774,948 1,015,728 11,297,735 -- 4,004,153 2,928,174  69,436,388 
Fidelity Series High Income Fund 32,354,262 1,819,776 1,713,805 965,604  (21,219) 663,612  57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund 80,976,154 3,835,263  3,994,363 51,511  (97,886) (418,778 ) 141,211,540 
Fidelity Series International Credit Fund -- 1,046,127  409 -- -- 1,207  1,859,314 
Fidelity Series International Growth Fund 56,577,829 3,398,403  9,445,556 -- 836,813 7,083,462  105,350,554 
Fidelity Series International Small Cap Fund 12,490,172 1,050,900  927,387 -- 17,541 2,175,890  25,616,337 
Fidelity Series International Value Fund 56,718,964 4,744,118  7,775,798 -- 275,768 7,082,273  107,840,926 
Fidelity Series Intrinsic Opportunities Fund 34,027,643 15,005,333 (a) 711,307 603,421  13,103 2,151,197  86,481,157 
Fidelity Series Investment Grade Bond Fund 801,856,863 40,887,391  39,531,927  10,836,622 86,271 5,740,953  1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund 751,776 54,474,403  476,221 195,181  (19,255) (764,094 ) 69,452,350 
Fidelity Series Opportunistic Insights Fund 24,263,870 667,013 5,750,287 -- 2,241,273 868,680  38,348,857 
Fidelity Series Real Estate Equity Fund 4,491,516 294,075 742,857 33,609  138,226 (192,606 ) 6,888,212 
Fidelity Series Real Estate Income Fund 10,269,443 771,880 629,507 255,916  15,237 50,792  18,127,453 
Fidelity Series Short-Term Credit Fund 149,257,239 5,722,390  7,281,948 1,287,011  (5,196) (31,413 ) 257,342,870 
Fidelity Series Small Cap Discovery Fund 6,625,176 204,186 1,212,021 28,183 149,823 348,527  10,213,284 
Fidelity Series Small Cap Opportunities Fund 19,807,202 2,764,109  3,288,910  58,561  467,937 (985,063 ) 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund 37,719,914 1,181,044 6,271,687 -- 1,036,718 1,152,314  59,286,306 
Fidelity Series Value Discovery Fund 52,910,613 1,137,092  31,136,204 (a) 388,337 6,370,055 (5,186,817 ) 41,121,502 
Total $2,137,753,157 $ 213,195,953  $ 225,826,002  $17,975,376  $ 25,327,965 $34,050,182  $3,797,475,916 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,500,267,103) — See accompanying schedule  $3,797,475,916 
Cash  13 
Receivable for investments sold  601,884 
Receivable for fund shares sold  6,403,068 
Dividends receivable  672,850 
Total assets  3,805,153,731 
Liabilities   
Payable for fund shares redeemed $7,035,650  
Accrued management fee 1,395,115  
Total liabilities  8,430,765 
Net Assets  $3,796,722,966 
Net Assets consist of:   
Paid in capital  $3,466,779,086 
Undistributed net investment income  4,462,550 
Accumulated undistributed net realized gain (loss) on investments  28,272,517 
Net unrealized appreciation (depreciation) on investments  297,208,813 
Net Assets  $3,796,722,966 
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($2,141,916,796 ÷ 180,750,083 shares)  $11.85 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,648,136,293 ÷ 139,222,585 shares)  $11.84 
Class K6:   
Net Asset Value, offering price and redemption price per share ($6,669,877 ÷ 563,115 shares)  $11.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $17,975,376 
Expenses   
Management fee $3,739,557  
Independent trustees' fees and expenses 3,897  
Total expenses before reductions 3,743,454  
Expense reductions (1,400) 3,742,054 
Net investment income (loss)  14,233,322 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 25,327,965  
Capital gain distributions from underlying funds 8,504,511  
Total net realized gain (loss)  33,832,476 
Change in net unrealized appreciation (depreciation) on underlying funds  34,050,182 
Net gain (loss)  67,882,658 
Net increase (decrease) in net assets resulting from operations  $82,115,980 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,233,322 $36,768,529 
Net realized gain (loss) 33,832,476 31,357,348 
Change in net unrealized appreciation (depreciation) 34,050,182 59,659,034 
Net increase (decrease) in net assets resulting from operations 82,115,980 127,784,911 
Distributions to shareholders from net investment income (12,627,158) (37,016,596) 
Distributions to shareholders from net realized gain (14,993,579) (32,674,118) 
Total distributions (27,620,737) (69,690,714) 
Share transactions - net increase (decrease) 1,604,475,573 (105,335,895) 
Total increase (decrease) in net assets 1,658,970,816 (47,241,698) 
Net Assets   
Beginning of period 2,137,752,150 2,184,993,848 
End of period $3,796,722,966 $2,137,752,150 
Other Information   
Undistributed net investment income end of period $4,462,550 $2,856,386 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Income Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.57 $11.26 $11.75 $11.86 $11.91 $11.60 
Income from Investment Operations       
Net investment income (loss)A .06 .19 .21 .21 .16 .15 
Net realized and unrealized gain (loss) .37 .49 (.27) .28 .30 .40 
Total from investment operations .43 .68 (.06) .49 .46 .55 
Distributions from net investment income (.07) (.20)B (.21) (.20) (.16) (.16) 
Distributions from net realized gain (.08) (.17)B (.22) (.40) (.35) (.08) 
Total distributions (.15) (.37) (.43) (.60) (.51) (.24) 
Net asset value, end of period $11.85 $11.57 $11.26 $11.75 $11.86 $11.91 
Total ReturnC,D 3.76% 6.16% (.45)% 4.31% 3.95% 4.79% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .31%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .31%G -% -% -% -% -% 
Expenses net of all reductions .31%G -% -% -% -% -% 
Net investment income (loss) 1.06%G 1.70% 1.86% 1.77% 1.37% 1.32% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,141,917 $2,137,752 $2,184,994 $2,483,848 $1,935,210 $2,191,666 
Portfolio turnover rateE 20 %G,I 31% 20% 26%I 31% 14% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.76 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .05 
Total from investment operations .11 
Distributions from net investment income (.03) 
Distributions from net realized gain – 
Total distributions (.03) 
Net asset value, end of period $11.84 
Total ReturnC,D .93% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .46%G,H 
Expenses net of fee waivers, if any .46%G,H 
Expenses net of all reductions .46%G,H 
Net investment income (loss) 3.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,648,136 
Portfolio turnover rateE 20%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.68 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .14 
Total from investment operations .20 
Distributions from net investment income (.04) 
Distributions from net realized gain – 
Total distributions (.04) 
Net asset value, end of period $11.84 
Total ReturnC,D 1.69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .37%G 
Expenses net of fee waivers, if any .37%G 
Expenses net of all reductions .37%G 
Net investment income (loss) 1.74%G 
Supplemental Data  
Net assets, end of period (000 omitted) $6,670 
Portfolio turnover rateE 20%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 33.6 33.7 
Fidelity Series Government Money Market Fund 1.09% 16.2 15.9 
Fidelity Series Short-Term Credit Fund 5.1 5.3 
Fidelity Series Emerging Markets Fund 4.7 5.7 
Fidelity Series International Value Fund 3.9 3.8 
Fidelity Series International Growth Fund 3.8 3.8 
Fidelity Series Intrinsic Opportunities Fund 3.4 2.4 
Fidelity Series Inflation-Protected Bond Index Fund 3.3 3.3 
Fidelity Series Growth & Income Fund 3.2 2.6 
Fidelity Series Growth Company Fund 2.8 3.1 
 80.0 79.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.3% 
   International Equity Funds 13.7% 
   Bond Funds 41.7% 
   Short-Term Funds 21.3% 


Six months ago 
   Domestic Equity Funds 24.7% 
   International Equity Funds 14.1% 
   Bond Funds 40.0% 
   Short-Term Funds 21.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 451,702 $7,484,705 
Fidelity Series 1000 Value Index Fund (a) 722,615 9,076,045 
Fidelity Series All-Sector Equity Fund (a) 1,046,567 13,992,598 
Fidelity Series Blue Chip Growth Fund (a) 1,081,621 14,320,657 
Fidelity Series Commodity Strategy Fund (a) 3,932,099 20,564,880 
Fidelity Series Growth & Income Fund (a) 2,161,904 32,882,555 
Fidelity Series Growth Company Fund (a) 1,665,186 28,574,590 
Fidelity Series Intrinsic Opportunities Fund (a) 2,014,148 34,603,056 
Fidelity Series Opportunistic Insights Fund (a) 865,632 15,780,478 
Fidelity Series Real Estate Equity Fund (a) 219,906 2,838,988 
Fidelity Series Small Cap Discovery Fund (a) 350,312 4,203,750 
Fidelity Series Small Cap Opportunities Fund (a) 928,294 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund (a) 1,843,274 24,497,105 
Fidelity Series Value Discovery Fund (a) 1,266,763 16,999,960 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $187,374,093)  238,796,911 
International Equity Funds - 13.7%   
Fidelity Series Canada Fund (a) 370,327 3,940,275 
Fidelity Series Emerging Markets Fund (a) 2,369,544 48,812,600 
Fidelity Series International Growth Fund (a) 2,429,282 38,601,291 
Fidelity Series International Small Cap Fund (a) 526,012 9,420,877 
Fidelity Series International Value Fund (a) 3,693,836 39,782,609 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $106,946,186)  140,557,652 
Bond Funds - 41.7%   
Fidelity Series Emerging Markets Debt Fund(a) 737,180 7,710,904 
Fidelity Series Floating Rate High Income Fund (a) 259,457 2,462,249 
Fidelity Series High Income Fund (a) 1,578,873 15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,395,739 33,583,861 
Fidelity Series International Credit Fund (a) 50,583 508,355 
Fidelity Series Investment Grade Bond Fund (a) 30,439,533 344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,225,299 19,560,374 
Fidelity Series Real Estate Income Fund (a) 439,887 4,913,536 
TOTAL BOND FUNDS   
(Cost $431,303,789)  428,404,410 
Short-Term Funds - 21.3%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 166,368,100 166,368,100 
Fidelity Series Short-Term Credit Fund (a) 5,227,091 52,218,642 
TOTAL SHORT-TERM FUNDS   
(Cost $218,566,386)  218,586,742 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $944,190,454)  1,026,345,715 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (396,450) 
NET ASSETS - 100%  $1,025,949,265 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $4,687,350 $220,852 $777,002 $-- $272,312 $123,563  $7,484,705 
Fidelity Series 1000 Value Index Fund 5,728,190 268,370 829,602 -- 27,589 333,353  9,076,045 
Fidelity Series All-Sector Equity Fund 8,840,190 415,126 1,565,228 -- 40,239 724,961  13,992,598 
Fidelity Series Blue Chip Growth Fund 9,019,055 1,669,043  2,060,775  27,780  472,549 (479,236 ) 14,320,657 
Fidelity Series Canada Fund -- 3,458,266  9,966 -- 63 54,172  3,940,275 
Fidelity Series Commodity Strategy Fund 9,618,952 3,245,576  606,135  31,506 (34,317) (47,638 ) 20,564,880 
Fidelity Series Emerging Markets Debt Fund 4,351,269 342,939  179,538  140,359  1,345 78,601  7,710,904 
Fidelity Series Emerging Markets Fund 33,214,881 1,673,278  14,713,102 -- 1,832,799 3,091,704  48,812,600 
Fidelity Series Floating Rate High Income Fund 1,443,737 107,949  73,862  34,343  (590) (3,963 ) 2,462,249 
Fidelity Series Government Money Market Fund 1.09% 93,037,687 10,890,184  4,614,642 452,112  -- -- 166,368,100 
Fidelity Series Growth & Income Fund 15,197,493 6,046,260 (a) 2,280,940 81,582  16,646 1,108,344  32,882,555 
Fidelity Series Growth Company Fund 17,856,033 588,531 4,076,629 -- 1,401,123 1,477,803  28,574,590 
Fidelity Series High Income Fund 8,842,210 690,361  443,871 256,024  317 173,909  15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund 19,379,371 1,516,183  1,002,280 11,831  (67,673) (48,673 ) 33,583,861 
Fidelity Series International Credit Fund -- 298,759  431 -- -- 454 508,355 
Fidelity Series International Growth Fund 21,908,894 1,150,957 3,693,439 -- 449,461 2,601,049  38,601,291 
Fidelity Series International Small Cap Fund 4,894,618 363,966  458,751  -- 26,076 825,565  9,420,877 
Fidelity Series International Value Fund 21,965,189 1,673,294 2,777,920 -- 46,254 2,750,566  39,782,609 
Fidelity Series Intrinsic Opportunities Fund 13,804,364 6,563,982 (a) 348,265 241,221  5,815 888,066  34,603,056 
Fidelity Series Investment Grade Bond Fund 196,594,195 16,213,511  9,723,475  2,583,153  (12,266) 1,525,258  344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund 181,407 15,768,264  141,002 51,423 (4,398) (205,421 ) 19,560,374 
Fidelity Series Opportunistic Insights Fund 9,897,007 469,692 2,148,014 -- 766,962 525,846  15,780,478 
Fidelity Series Real Estate Equity Fund 1,819,013 157,860 248,715 14,239  10,819 (32,662 ) 2,838,988 
Fidelity Series Real Estate Income Fund 2,851,782 268,873 167,895 72,252  736 16,929  4,913,536 
Fidelity Series Short-Term Credit Fund 30,870,409 1,822,169  1,594,554 256,695  (540) (2,863 ) 52,218,642 
Fidelity Series Small Cap Discovery Fund 2,702,182 135,693  438,482  11,750 48,101 155,583  4,203,750 
Fidelity Series Small Cap Opportunities Fund 8,077,116 1,296,722  1,153,982  24,180  74,066 (285,950 ) 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund 15,385,439 722,964 2,123,481 -- 64,284 845,955 24,497,105 
Fidelity Series Value Discovery Fund 21,581,521 691,803 12,423,519(a) 162,799 1,024,666 (537,382 ) 16,999,960 
Total $583,749,554 $78,731,427  $70,675,497  $4,453,249  $6,462,438  $15,657,893  $1,026,345,715 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $944,190,454) — See accompanying schedule  $1,026,345,715 
Cash  12 
Receivable for investments sold  
Receivable for fund shares sold  1,639,541 
Total assets  1,027,985,276 
Liabilities   
Payable for investments purchased $259,400  
Payable for fund shares redeemed 1,378,936  
Accrued management fee 397,675  
Total liabilities  2,036,011 
Net Assets  $1,025,949,265 
Net Assets consist of:   
Paid in capital  $932,726,964 
Undistributed net investment income  3,333,274 
Accumulated undistributed net realized gain (loss) on investments  7,733,766 
Net unrealized appreciation (depreciation) on investments  82,155,261 
Net Assets  $1,025,949,265 
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($595,517,477 ÷ 47,173,970 shares)  $12.62 
Class K:   
Net Asset Value, offering price and redemption price per share ($428,058,469 ÷ 33,916,786 shares)  $12.62 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,373,319 ÷ 187,944 shares)  $12.63 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $4,453,249 
Expenses   
Management fee $1,088,388  
Independent trustees' fees and expenses 1,076  
Total expenses before reductions 1,089,464  
Expense reductions (383) 1,089,081 
Net investment income (loss)  3,364,168 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 6,462,438  
Capital gain distributions from underlying funds 3,485,211  
Total net realized gain (loss)  9,947,649 
Change in net unrealized appreciation (depreciation) on underlying funds  15,657,893 
Net gain (loss)  25,605,542 
Net increase (decrease) in net assets resulting from operations  $28,969,710 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,364,168 $9,931,239 
Net realized gain (loss) 9,947,649 8,364,571 
Change in net unrealized appreciation (depreciation) 15,657,893 26,065,382 
Net increase (decrease) in net assets resulting from operations 28,969,710 44,361,192 
Distributions to shareholders from net investment income (1,620,929) (10,200,069) 
Distributions to shareholders from net realized gain (5,291,856) (7,369,706) 
Total distributions (6,912,785) (17,569,775) 
Share transactions - net increase (decrease) 420,138,654 (23,764,200) 
Total increase (decrease) in net assets 442,195,579 3,027,217 
Net Assets   
Beginning of period 583,753,686 580,726,469 
End of period $1,025,949,265 $583,753,686 
Other Information   
Undistributed net investment income end of period $3,333,274 $1,590,035 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2005 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.20 $11.66 $12.24 $12.01 $11.53 $11.11 
Income from Investment Operations       
Net investment income (loss)A .05 .20 .22 .22 .16 .15 
Net realized and unrealized gain (loss) .52 .71 (.34) .40 .58 .51 
Total from investment operations .57 .91 (.12) .62 .74 .66 
Distributions from net investment income (.03) (.22)B (.22) (.23) (.15) (.17) 
Distributions from net realized gain (.11) (.15)B (.23) (.17) (.10) (.07) 
Total distributions (.15)C (.37) (.46)D (.39)E (.26)F (.24) 
Net asset value, end of period $12.62 $12.20 $11.66 $12.24 $12.01 $11.53 
Total ReturnG,H 4.67% 7.91% (1.01)% 5.26% 6.43% 5.99% 
Ratios to Average Net AssetsI,J       
Expenses before reductions .33%K - %L - %L - %L - %L - %L 
Expenses net of fee waivers, if any .33%K -% -% -% -% -% 
Expenses net of all reductions .33%K -% -% -% -% -% 
Net investment income (loss) .86%K 1.70% 1.87% 1.79% 1.38% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $595,517 $583,754 $580,726 $639,723 $668,987 $704,183 
Portfolio turnover rateI 24%K,M 31% 22% 23% 44% 22% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.034 and distributions from net realized gain of $.111 per share.

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.223 and distributions from net realized gain of $.234 per share.

 E Total distributions of $.39 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.168 per share.

 F Total distributions of $.26 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.103 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Amounts do not include the activity of the Underlying Funds.

 J Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 K Annualized

 L Amount represents less than $.005%

 M The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.48 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .06 
Total from investment operations .14 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.62 
Total ReturnC,D 1.12% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G,H 
Expenses net of fee waivers, if any .45%G,H 
Expenses net of all reductions .45%G,H 
Net investment income (loss) 3.20%G 
Supplemental Data  
Net assets, end of period (000 omitted) $428,058 
Portfolio turnover rateE 24%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.36 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .21 
Total from investment operations .27 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.63 
Total ReturnC,D 2.18% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .38%G 
Expenses net of fee waivers, if any .38%G 
Expenses net of all reductions .38%G 
Net investment income (loss) 1.61%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,373 
Portfolio turnover rateE 24%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 30.1 30.3 
Fidelity Series Government Money Market Fund 1.09% 12.5 12.2 
Fidelity Series Emerging Markets Fund 5.7 6.5 
Fidelity Series International Value Fund 4.7 4.7 
Fidelity Series International Growth Fund 4.6 4.7 
Fidelity Series Intrinsic Opportunities Fund 4.3 3.0 
Fidelity Series Growth & Income Fund 4.1 3.3 
Fidelity Series Short-Term Credit Fund 3.9 4.0 
Fidelity Series Growth Company Fund 3.6 3.9 
Fidelity Series Stock Selector Large Cap Value Fund 3.1 3.3 
 76.6 75.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.4% 
   International Equity Funds 16.6% 
   Bond Funds 37.6% 
   Short-Term Funds 16.4% 


Six months ago 
   Domestic Equity Funds 30.9% 
   International Equity Funds 16.9% 
   Bond Funds 36.0% 
   Short-Term Funds 16.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.4%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 3,867,315 $64,081,403 
Fidelity Series 1000 Value Index Fund (a) 6,175,372 77,562,670 
Fidelity Series All-Sector Equity Fund (a) 8,959,938 119,794,371 
Fidelity Series Blue Chip Growth Fund (a) 9,260,377 122,607,396 
Fidelity Series Commodity Strategy Fund (a) 25,892,028 135,415,305 
Fidelity Series Growth & Income Fund (a) 18,464,744 280,848,758 
Fidelity Series Growth Company Fund (a) 14,255,793 244,629,402 
Fidelity Series Intrinsic Opportunities Fund (a) 16,965,860 291,473,483 
Fidelity Series Opportunistic Insights Fund (a) 7,411,484 135,111,362 
Fidelity Series Real Estate Equity Fund (a) 1,880,314 24,274,848 
Fidelity Series Small Cap Discovery Fund (a) 2,998,064 35,976,770 
Fidelity Series Small Cap Opportunities Fund (a) 7,945,661 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund (a) 15,726,506 209,005,264 
Fidelity Series Value Discovery Fund (a) 10,828,562 145,319,309 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,504,391,456)  1,997,180,683 
International Equity Funds - 16.6%   
Fidelity Series Canada Fund (a) 3,006,314 31,987,182 
Fidelity Series Emerging Markets Fund (a) 18,646,287 384,113,521 
Fidelity Series International Growth Fund (a) 19,727,323 313,467,163 
Fidelity Series International Small Cap Fund (a) 4,264,215 76,372,083 
Fidelity Series International Value Fund (a) 29,930,090 322,347,065 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $841,379,615)  1,128,287,014 
Bond Funds - 37.6%   
Fidelity Series Emerging Markets Debt Fund (a) 4,864,914 50,887,001 
Fidelity Series Floating Rate High Income Fund (a) 1,700,968 16,142,182 
Fidelity Series High Income Fund (a) 10,399,179 101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund (a) 17,981,992 177,841,897 
Fidelity Series International Credit Fund (a) 339,098 3,407,930 
Fidelity Series Investment Grade Bond Fund (a) 180,765,791 2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 14,780,740 129,922,702 
Fidelity Series Real Estate Income Fund (a) 2,890,295 32,284,597 
TOTAL BOND FUNDS   
(Cost $2,567,035,060)  2,556,339,404 
Short-Term Funds - 16.4%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 848,385,738 848,385,738 
Fidelity Series Short-Term Credit Fund (a) 26,205,575 261,793,698 
TOTAL SHORT-TERM FUNDS   
(Cost $1,110,132,571)  1,110,179,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,022,938,702)  6,791,986,537 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,046,304) 
NET ASSETS - 100%  $6,789,940,233 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $42,164,646 $946,226 $6,186,963 $-- $2,447,671 $1,036,305  $64,081,403 
Fidelity Series 1000 Value Index Fund 51,526,879 1,136,565 6,541,629 -- 239,011 2,871,499  77,562,670 
Fidelity Series All-Sector Equity Fund 79,520,284 1,773,206 12,561,684 -- 684,229 6,057,140  119,794,371 
Fidelity Series Blue Chip Growth Fund 81,130,669 12,460,782 16,958,620 238,046  4,094,263 (3,747,514 ) 122,607,396 
Fidelity Series Canada Fund -- 26,648,022  112,409 -- 757 507,716  31,987,182 
Fidelity Series Commodity Strategy Fund 66,580,114 22,430,735  4,809,191 207,671  (2,643,966) 2,152,458  135,415,305 
Fidelity Series Emerging Markets Debt Fund 30,964,719 1,718,371  1,451,036  1,013,754  7,230 575,474  50,887,001 
Fidelity Series Emerging Markets Fund 271,438,238 6,573,919 104,144,607 -- 13,853,391 26,035,900  384,113,521 
Fidelity Series Floating Rate High Income Fund 10,226,318 486,733  597,965  246,420  (15,389) (16,446 ) 16,142,182 
Fidelity Series Government Money Market Fund 1.09% 504,760,496 52,805,422  29,121,121 2,513,350  -- -- 848,385,738 
Fidelity Series Growth & Income Fund 136,706,954 50,627,998 (a) 18,091,583 737,825  501,106 8,984,064  280,848,758 
Fidelity Series Growth Company Fund 160,622,872 3,309,113 35,614,170 -- 12,203,015 13,437,494  244,629,402 
Fidelity Series High Income Fund 62,714,112 3,319,569 3,592,571 1,839,959  (47,590) 1,225,802  101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund 110,955,952 5,785,823  6,577,841 69,038  (618,985) 85,304  177,841,897 
Fidelity Series International Credit Fund -- 2,089,683  787 -- -- 3,934  3,407,930 
Fidelity Series International Growth Fund 192,889,582 4,799,241 32,464,612 -- 7,285,665 19,013,277  313,467,163 
Fidelity Series International Small Cap Fund 43,404,977 1,108,945 4,065,057 -- 717,397 6,644,500  76,372,083 
Fidelity Series International Value Fund 193,388,884 7,539,475 23,786,322 -- 783,356 22,908,673  322,347,065 
Fidelity Series Intrinsic Opportunities Fund 123,853,701 54,514,180 (a) 2,482,706 2,034,963  30,821 8,098,284  291,473,483 
Fidelity Series Investment Grade Bond Fund 1,251,611,176 77,918,734  71,402,565  16,753,535 129,742 10,377,411  2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund 1,150,158 106,826,037  1,205,855 370,756  (48,263) (1,271,978 ) 129,922,702 
Fidelity Series Opportunistic Insights Fund 89,027,558 2,000,638 17,580,099 -- 6,644,175 4,832,134  135,111,362 
Fidelity Series Real Estate Equity Fund 16,232,403 980,005 1,819,482 127,978  259,220 (441,421 ) 24,274,848 
Fidelity Series Real Estate Income Fund 20,314,432 1,327,936 1,601,740 500,538  58,479 75,729  32,284,597 
Fidelity Series Short-Term Credit Fund 167,320,535 5,342,134 9,908,315 1,410,053  (4,951) 39,109  261,793,698 
Fidelity Series Small Cap Discovery Fund 24,305,650 627,547 3,486,852 105,199  417,263 1,307,943  35,976,770 
Fidelity Series Small Cap Opportunities Fund 72,102,603 9,489,640 8,480,906 207,143  842,163 (2,639,034 ) 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund 138,322,291 3,130,694 16,819,000 -- 3,023,129 4,819,266  209,005,264 
Fidelity Series Value Discovery Fund 194,132,279 3,631,141 109,795,378(a) 1,469,911 20,019,291 (15,861,274 ) 145,319,309 
Total $4,137,368,482 $471,348,514 $551,261,066 $29,846,139 $70,862,230 $117,111,749  $6,791,986,537 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $6,022,938,702) — See accompanying schedule  $6,791,986,537 
Cash  145 
Receivable for investments sold  4,859,805 
Receivable for fund shares sold  6,884,600 
Dividends receivable  835,765 
Other receivables  81,154 
Total assets  6,804,648,006 
Liabilities   
Payable for fund shares redeemed $11,763,850  
Accrued management fee 2,862,770  
Other payables and accrued expenses 81,153  
Total liabilities  14,707,773 
Net Assets  $6,789,940,233 
Net Assets consist of:   
Paid in capital  $5,909,739,386 
Undistributed net investment income  21,491,398 
Accumulated undistributed net realized gain (loss) on investments  89,661,614 
Net unrealized appreciation (depreciation) on investments  769,047,835 
Net Assets  $6,789,940,233 
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($4,166,501,440 ÷ 257,670,054 shares)  $16.17 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,610,006,365 ÷ 161,367,296 shares)  $16.17 
Class K6:   
Net Asset Value, offering price and redemption price per share ($13,432,428 ÷ 830,434 shares)  $16.18 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $29,846,139 
Expenses   
Management fee $8,148,129  
Independent trustees' fees and expenses 8,448  
Total expenses before reductions 8,156,577  
Expense reductions (3,152) 8,153,425 
Net investment income (loss)  21,692,714 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 70,862,230  
Capital gain distributions from underlying funds 29,951,597  
Total net realized gain (loss)  100,813,827 
Change in net unrealized appreciation (depreciation) on underlying funds  117,111,749 
Net gain (loss)  217,925,576 
Net increase (decrease) in net assets resulting from operations  $239,618,290 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $21,692,714 $71,245,001 
Net realized gain (loss) 100,813,827 79,597,248 
Change in net unrealized appreciation (depreciation) 117,111,749 221,525,569 
Net increase (decrease) in net assets resulting from operations 239,618,290 372,367,818 
Distributions to shareholders from net investment income (11,553,873) (71,220,043) 
Distributions to shareholders from net realized gain (49,891,727) (73,776,491) 
Total distributions (61,445,600) (144,996,534) 
Share transactions - net increase (decrease) 2,474,407,932 (361,162,304) 
Total increase (decrease) in net assets 2,652,580,622 (133,791,020) 
Net Assets   
Beginning of period 4,137,359,611 4,271,150,631 
End of period $6,789,940,233 $4,137,359,611 
Other Information   
Undistributed net investment income end of period $21,491,398 $11,352,557 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2010 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.56 $14.75 $15.75 $15.51 $14.67 $13.99 
Income from Investment Operations       
Net investment income (loss)A .06 .26 .28 .28 .22 .22 
Net realized and unrealized gain (loss) .78 1.08 (.50) .62 .99 .80 
Total from investment operations .84 1.34 (.22) .90 1.21 1.02 
Distributions from net investment income (.04) (.26) (.29) (.29) (.21) (.24) 
Distributions from net realized gain (.19) (.26) (.49) (.36) (.16) (.10) 
Total distributions (.23) (.53)B (.78) (.66)C (.37) (.34) 
Net asset value, end of period $16.17 $15.56 $14.75 $15.75 $15.51 $14.67 
Total ReturnD,E 5.48% 9.27% (1.42)% 5.91% 8.31% 7.43% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .36%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .36%H -% -% -% -% -% 
Expenses net of all reductions .36%H -% -% -% -% -% 
Net investment income (loss) .78%H 1.69% 1.86% 1.81% 1.43% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,166,501 $4,137,360 $4,271,151 $4,940,590 $5,419,921 $5,879,292 
Portfolio turnover rateF 22%H,J 23% 17% 18% 35% 19% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.53 per share is comprised of distributions from net investment income of $.262 and distributions from net realized gain of $.264 per share.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.294 and distributions from net realized gain of $.361 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.96 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .10 
Total from investment operations .21 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.17 
Total ReturnC,D 1.32% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G,H 
Expenses net of fee waivers, if any .49%G,H 
Expenses net of all reductions .49%G,H 
Net investment income (loss) 3.54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,610,006 
Portfolio turnover rateE 22%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.77 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .33 
Total from investment operations .41 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.18 
Total ReturnC,D 2.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .39%G,H 
Expenses net of fee waivers, if any .39%G,H 
Expenses net of all reductions .39%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,432 
Portfolio turnover rateE 22%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 26.5 26.6 
Fidelity Series Government Money Market Fund 1.09% 9.1 8.8 
Fidelity Series Emerging Markets Fund 6.3 7.2 
Fidelity Series International Growth Fund 5.6 5.6 
Fidelity Series International Value Fund 5.5 5.6 
Fidelity Series Intrinsic Opportunities Fund 5.3 3.6 
Fidelity Series Growth & Income Fund 5.1 4.0 
Fidelity Series Growth Company Fund 4.4 4.7 
Fidelity Series Stock Selector Large Cap Value Fund 3.8 4.1 
Fidelity Series Short-Term Credit Fund 2.7 2.9 
 74.3 73.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.7% 
   International Equity Funds 19.3% 
   Bond Funds 33.2% 
   Short-Term Funds 11.8% 


Six months ago 
   Domestic Equity Funds 37.1% 
   International Equity Funds 19.7% 
   Bond Funds 31.5% 
   Short-Term Funds 11.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.7%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 7,294,547 $120,870,641 
Fidelity Series 1000 Value Index Fund (a) 11,655,244 146,389,861 
Fidelity Series All-Sector Equity Fund (a) 16,899,431 225,945,398 
Fidelity Series Blue Chip Growth Fund (a) 17,466,339 231,254,326 
Fidelity Series Commodity Strategy Fund (a) 39,588,244 207,046,518 
Fidelity Series Growth & Income Fund (a) 34,836,360 529,861,041 
Fidelity Series Growth Company Fund (a) 26,887,935 461,396,963 
Fidelity Series Intrinsic Opportunities Fund (a) 31,884,522 547,776,090 
Fidelity Series Opportunistic Insights Fund (a) 13,978,758 254,832,760 
Fidelity Series Real Estate Equity Fund (a) 3,536,311 45,653,777 
Fidelity Series Small Cap Discovery Fund (a) 5,647,270 67,767,243 
Fidelity Series Small Cap Opportunities Fund (a) 14,961,004 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund (a) 29,673,054 394,354,885 
Fidelity Series Value Discovery Fund (a) 20,387,461 273,599,727 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,777,048,514)  3,715,904,065 
International Equity Funds - 19.3%   
Fidelity Series Canada Fund (a) 5,474,885 58,252,772 
Fidelity Series Emerging Markets Fund (a) 32,032,751 659,874,662 
Fidelity Series International Growth Fund (a) 36,556,856 580,888,445 
Fidelity Series International Small Cap Fund (a) 7,768,717 139,137,720 
Fidelity Series International Value Fund (a) 53,595,885 577,227,685 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,491,775,626)  2,015,381,284 
Bond Funds - 33.2%   
Fidelity Series Emerging Markets Debt Fund (a) 7,241,058 75,741,469 
Fidelity Series Floating Rate High Income Fund (a) 2,585,492 24,536,321 
Fidelity Series High Income Fund (a) 15,854,373 154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,319,887 191,073,685 
Fidelity Series International Credit Fund (a) 520,794 5,233,977 
Fidelity Series Investment Grade Bond Fund (a) 243,823,247 2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,560,204 198,304,190 
Fidelity Series Real Estate Income Fund (a) 4,347,397 48,560,420 
TOTAL BOND FUNDS   
(Cost $3,438,697,548)  3,455,671,113 
Short-Term Funds - 11.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 941,466,548 941,466,548 
Fidelity Series Short-Term Credit Fund (a) 28,542,134 285,135,918 
TOTAL SHORT-TERM FUNDS   
(Cost $1,226,630,992)  1,226,602,466 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $8,934,152,680)  10,413,558,928 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (3,338,855) 
NET ASSETS - 100%  $10,410,220,073 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $66,076,673 $3,658,856 $9,238,060 $-- $2,140,470 $3,826,733  $120,870,641 
Fidelity Series 1000 Value Index Fund 80,656,571 4,432,421 9,522,999 -- 300,476 5,418,975  146,389,861 
Fidelity Series All-Sector Equity Fund 124,616,586 6,891,607 18,838,611 -- 859,021 10,589,101  225,945,398 
Fidelity Series Blue Chip Growth Fund 127,141,191 27,250,215 25,838,564 449,176 5,569,060 (7,704,198 ) 231,254,326 
Fidelity Series Canada Fund -- 43,714,617  296,406 -- 1,660 1,065,725  58,252,772 
Fidelity Series Commodity Strategy Fund 86,815,524 31,424,975  6,593,467  317,632  (1,785,543) 928,215  207,046,518 
Fidelity Series Emerging Markets Debt Fund 39,502,649 3,530,377  2,165,930  1,334,852  9,416 678,553  75,741,469 
Fidelity Series Emerging Markets Fund 385,531,580 22,753,341 155,887,829 -- 20,440,485 36,290,590  659,874,662 
Fidelity Series Floating Rate High Income Fund 13,161,870 1,083,837  890,104  328,677  (17,494) (23,964 ) 24,536,321 
Fidelity Series Government Money Market Fund 1.09% 465,951,336 74,442,393  31,461,673 2,445,086  -- -- 941,466,548 
Fidelity Series Growth & Income Fund 214,234,599 90,085,479 (a) 27,309,155 1,173,703  603,167 17,520,594  529,861,041 
Fidelity Series Growth Company Fund 251,720,311 12,525,176 53,138,053 -- 16,906,231 25,080,249  461,396,963 
Fidelity Series High Income Fund 80,807,497 7,085,943  5,349,212  2,454,800  (55,992) 1,741,061  154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund 100,136,299 8,595,263  6,945,280 65,418  (213,553) (597,173 ) 191,073,685 
Fidelity Series International Credit Fund -- 2,725,054  1,593 -- -- 1,195  5,233,977 
Fidelity Series International Growth Fund 297,558,345 17,699,151 44,986,739 -- 6,632,755 34,724,425  580,888,445 
Fidelity Series International Small Cap Fund 67,362,639 4,133,626 7,427,961 -- 1,150,769 10,516,966  139,137,720 
Fidelity Series International Value Fund 298,332,821 20,464,327 48,428,562 -- 1,511,866 37,036,899  577,227,685 
Fidelity Series Intrinsic Opportunities Fund 192,372,784 98,647,716 (a) 1,704,395 3,823,770  (5,598) 11,758,847  547,776,090 
Fidelity Series Investment Grade Bond Fund 1,419,019,666 148,413,447  93,816,686  19,770,738  (114,624) 8,782,887  2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund 1,278,499 155,717,243  1,916,202 511,695  (81,544) (2,220,250 ) 198,304,190 
Fidelity Series Opportunistic Insights Fund 139,516,224 7,767,337 26,613,754 -- 9,035,590 9,817,475  254,832,760 
Fidelity Series Real Estate Equity Fund 25,334,235 2,603,365 2,694,981 206,902  50,077 (420,142 ) 45,653,777 
Fidelity Series Real Estate Income Fund 26,101,304 2,587,536  2,148,323  654,615  121,461 37,231  48,560,420 
Fidelity Series Short-Term Credit Fund 154,330,220 10,162,475  10,654,959  1,350,190  (3,750) (94,505 ) 285,135,918 
Fidelity Series Small Cap Discovery Fund 38,011,077 2,200,249  5,147,297  168,300  539,249 2,823,589  67,767,243 
Fidelity Series Small Cap Opportunities Fund 112,505,917 21,072,338  12,015,733  390,215  935,362 (4,364,704 ) 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund 215,817,782 11,917,131 23,721,293  -- 1,831,301 12,605,472  394,354,885 
Fidelity Series Value Discovery Fund 303,444,086 10,770,749 170,304,601(a) 2,329,667 29,494,897 (21,567,872 ) 273,599,727 
Total $5,327,338,285 $854,356,244 $805,058,422 $37,775,436  $95,855,215 $194,251,974  $10,413,558,928 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,934,152,680) — See accompanying schedule  $10,413,558,928 
Cash  261 
Receivable for investments sold  1,769,504 
Receivable for fund shares sold  11,075,836 
Dividends receivable  1,359,589 
Total assets  10,427,764,118 
Liabilities   
Payable for fund shares redeemed $12,876,849  
Accrued management fee 4,667,196  
Total liabilities  17,544,045 
Net Assets  $10,410,220,073 
Net Assets consist of:   
Paid in capital  $8,766,379,397 
Undistributed net investment income  25,763,063 
Accumulated undistributed net realized gain (loss) on investments  138,671,365 
Net unrealized appreciation (depreciation) on investments  1,479,406,248 
Net Assets  $10,410,220,073 
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($5,432,013,739 ÷ 405,061,495 shares)  $13.41 
Class K:   
Net Asset Value, offering price and redemption price per share ($4,936,256,589 ÷ 368,158,182 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($41,949,745 ÷ 3,127,342 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $37,775,436 
Expenses   
Management fee $11,922,536  
Independent trustees' fees and expenses 9,786  
Total expenses before reductions 11,932,322  
Expense reductions (3,493) 11,928,829 
Net investment income (loss)  25,846,607 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 95,855,215  
Capital gain distributions from underlying funds 55,140,091  
Total net realized gain (loss)  150,995,306 
Change in net unrealized appreciation (depreciation) on underlying funds  194,251,974 
Net gain (loss)  345,247,280 
Net increase (decrease) in net assets resulting from operations  $371,093,887 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,846,607 $89,650,009 
Net realized gain (loss) 150,995,306 106,292,644 
Change in net unrealized appreciation (depreciation) 194,251,974 338,617,512 
Net increase (decrease) in net assets resulting from operations 371,093,887 534,560,165 
Distributions to shareholders from net investment income (13,537,555) (89,847,108) 
Distributions to shareholders from net realized gain (71,790,066) (104,826,159) 
Total distributions (85,327,621) (194,673,267) 
Share transactions - net increase (decrease) 4,797,140,364 (366,715,793) 
Total increase (decrease) in net assets 5,082,906,630 (26,828,895) 
Net Assets   
Beginning of period 5,327,313,443 5,354,142,338 
End of period $10,410,220,073 $5,327,313,443 
Other Information   
Undistributed net investment income end of period $25,763,063 $13,454,011 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2015 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.82 $12.03 $12.92 $12.91 $12.28 $11.69 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .23 .23 .18 .18 
Net realized and unrealized gain (loss) .76 1.04 (.46) .57 .91 .69 
Total from investment operations .80 1.25 (.23) .80 1.09 .87 
Distributions from net investment income (.03) (.21) (.23) (.25) (.18) (.20) 
Distributions from net realized gain (.18) (.24) (.43) (.54) (.28) (.08) 
Total distributions (.21) (.46)B (.66) (.79) (.46) (.28) 
Net asset value, end of period $13.41 $12.82 $12.03 $12.92 $12.91 $12.28 
Total ReturnC,D 6.29% 10.63% (1.83)% 6.42% 8.95% 7.60% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .39%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .39%G -% -% -% -% -% 
Expenses net of all reductions .39%G -% -% -% -% -% 
Net investment income (loss) .59%G 1.69% 1.87% 1.83% 1.47% 1.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,432,014 $5,327,313 $5,354,142 $6,056,161 $6,388,485 $6,507,169 
Portfolio turnover rateE 29%G,I 21% 17% 18% 39% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.46 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.243 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.21 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .12 
Total from investment operations .20 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 1.51% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .53%G,H 
Expenses net of fee waivers, if any .53%G,H 
Expenses net of all reductions .53%G,H 
Net investment income (loss) 3.35%G 
Supplemental Data  
Net assets, end of period (000 omitted) $4,936,257 
Portfolio turnover rateE 29%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.03 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .32 
Total from investment operations .38 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.92% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .41%G,H 
Expenses net of fee waivers, if any .41%G,H 
Expenses net of all reductions .41%G,H 
Net investment income (loss) 1.51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $41,950 
Portfolio turnover rateE 29%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 23.9 24.2 
Fidelity Series Emerging Markets Fund 6.9 7.7 
Fidelity Series Government Money Market Fund 1.09% 6.8 6.6 
Fidelity Series International Value Fund 6.2 6.3 
Fidelity Series International Growth Fund 6.1 6.2 
Fidelity Series Intrinsic Opportunities Fund 5.8 4.0 
Fidelity Series Growth & Income Fund 5.8 4.5 
Fidelity Series Growth Company Fund 5.0 5.3 
Fidelity Series Stock Selector Large Cap Value Fund 4.3 4.6 
Fidelity Series Value Discovery Fund 3.0 6.4 
 73.8 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 40.1% 
   International Equity Funds 21.3% 
   Bond Funds 29.8% 
   Short-Term Funds 8.8% 


Six months ago 
   Domestic Equity Funds 41.4% 
   International Equity Funds 21.6% 
   Bond Funds 28.2% 
   Short-Term Funds 8.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 40.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,764,418 $393,776,399 
Fidelity Series 1000 Value Index Fund (a) 37,970,318 476,907,194 
Fidelity Series All-Sector Equity Fund (a) 55,060,752 736,162,260 
Fidelity Series Blue Chip Growth Fund (a) 56,905,430 753,427,895 
Fidelity Series Commodity Strategy Fund (a) 113,632,510 594,298,026 
Fidelity Series Growth & Income Fund (a) 113,430,079 1,725,271,497 
Fidelity Series Growth Company Fund (a) 87,604,274 1,503,289,346 
Fidelity Series Intrinsic Opportunities Fund (a) 101,182,512 1,738,315,556 
Fidelity Series Opportunistic Insights Fund (a) 45,539,608 830,187,061 
Fidelity Series Real Estate Equity Fund (a) 11,516,962 148,683,977 
Fidelity Series Small Cap Discovery Fund (a) 18,424,189 221,090,266 
Fidelity Series Small Cap Opportunities Fund (a) 48,834,105 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund (a) 96,708,103 1,285,250,693 
Fidelity Series Value Discovery Fund (a) 66,489,652 892,291,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,105,127,336)  11,981,652,093 
International Equity Funds - 21.3%   
Fidelity Series Canada Fund (a) 17,481,540 186,003,582 
Fidelity Series Emerging Markets Fund (a) 99,889,352 2,057,720,656 
Fidelity Series International Growth Fund (a) 114,805,830 1,824,264,644 
Fidelity Series International Small Cap Fund (a) 24,791,803 444,021,196 
Fidelity Series International Value Fund (a) 173,804,680 1,871,876,401 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,828,186,164)  6,383,886,479 
Bond Funds - 29.8%   
Fidelity Series Emerging Markets Debt Fund (a) 20,436,300 213,763,699 
Fidelity Series Floating Rate High Income Fund (a) 7,357,514 69,822,812 
Fidelity Series High Income Fund (a) 45,217,567 440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund (a) 31,250,423 309,066,680 
Fidelity Series International Credit Fund (a) 1,771,433 17,802,898 
Fidelity Series Investment Grade Bond Fund (a) 631,789,674 7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 63,660,848 559,578,857 
Fidelity Series Real Estate Income Fund (a) 12,643,636 141,229,415 
TOTAL BOND FUNDS   
(Cost $8,925,756,292)  8,897,676,857 
Short-Term Funds - 8.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 2,028,402,920 2,028,402,920 
Fidelity Series Short-Term Credit Fund (a) 61,531,510 614,699,784 
TOTAL SHORT-TERM FUNDS   
(Cost $2,643,195,260)  2,643,102,704 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $25,502,265,052)  29,906,318,133 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (9,956,030) 
NET ASSETS - 100%  $29,896,362,103 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $170,750,619 $11,809,119  $18,184,161  $-- $4,130,809 $13,299,103  $393,776,399 
Fidelity Series 1000 Value Index Fund 207,961,357 14,200,488  17,062,228  -- 481,296  17,566,332  476,907,194 
Fidelity Series All-Sector Equity Fund 322,024,207 22,194,444  37,962,130  -- 1,467,705 31,642,478  736,162,260 
Fidelity Series Blue Chip Growth Fund 328,551,300 88,776,692  56,546,879  1,459,710  12,326,698 (28,192,417 ) 753,427,895 
Fidelity Series Canada Fund -- 126,123,705  601,503  -- 2,546 3,578,974  186,003,582 
Fidelity Series Commodity Strategy Fund 200,800,153 77,745,506  10,820,323  909,720 (4,711,453) 2,137,770  594,298,026 
Fidelity Series Emerging Markets Debt Fund 88,753,315 9,328,475  3,513,279  3,173,778  (19,430) 1,344,170  213,763,699 
Fidelity Series Emerging Markets Fund 948,146,671 69,296,644  390,924,187  -- 45,693,424  95,563,383  2,057,720,656 
Fidelity Series Floating Rate High Income Fund 30,322,371 2,930,330  1,432,945  800,992  (8,318) (88,720 ) 69,822,812 
Fidelity Series Government Money Market Fund 1.09% 809,950,560 142,025,549  38,042,964  4,532,837  -- -- 2,028,402,920 
Fidelity Series Growth & Income Fund 552,716,408 246,080,924 (a) 46,880,943  3,097,389  541,100 59,294,136  1,725,271,497 
Fidelity Series Growth Company Fund 649,984,509 39,646,954  114,084,490 -- 37,533,769 78,448,179  1,503,289,346 
Fidelity Series High Income Fund 186,345,032 19,049,912  8,635,671  5,979,230  (57,600) 4,547,539  440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund 134,445,865 10,622,766  6,589,548  93,226  (182,030) (1,485,207 ) 309,066,680 
Fidelity Series International Credit Fund -- 7,694,671  1,585 -- -- (11,641 ) 17,802,898 
Fidelity Series International Growth Fund 763,723,461 56,043,064  130,632,859  -- 16,426,602 93,247,021  1,824,264,644 
Fidelity Series International Small Cap Fund 172,981,588 13,010,160  15,075,820  -- 1,773,718 29,313,454  444,021,196 
Fidelity Series International Value Fund 765,710,516 62,357,236  86,319,291  -- 1,105,041 107,246,512  1,871,876,401 
Fidelity Series Intrinsic Opportunities Fund 495,457,872 281,448,881 (a) 3,336,376  12,134,357  (13,061) 27,090,074  1,738,315,556 
Fidelity Series Investment Grade Bond Fund 2,965,065,514 356,128,097  137,553,735  43,758,417  (727,961) 8,698,875  7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund 2,611,672 412,095,912 3,464,380  1,302,506  (140,410) (7,253,968 ) 559,578,857 
Fidelity Series Opportunistic Insights Fund 360,528,573 25,018,163  56,968,572  -- 19,484,826 32,835,942  830,187,061 
Fidelity Series Real Estate Equity Fund 65,271,789 8,261,159  4,158,885  551,982 31,444 (1,313,116 ) 148,683,977 
Fidelity Series Real Estate Income Fund 60,042,005 7,593,341  2,715,471 1,553,742  2,371 324,156  141,229,415 
Fidelity Series Short-Term Credit Fund 268,102,615 21,121,158  12,926,613  2,491,237  2,886 (514,639 ) 614,699,784 
Fidelity Series Small Cap Discovery Fund 97,945,381 6,927,310  9,710,526  438,166 945,721 10,321,406  221,090,266 
Fidelity Series Small Cap Opportunities Fund 290,999,903 68,329,532  21,407,678  1,270,431  952,308 (12,215,007 ) 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund 557,188,889 38,303,571  41,290,458  -- 1,181,455 44,568,905  1,285,250,693 
Fidelity Series Value Discovery Fund 782,895,867 33,425,098  426,707,728(a) 6,119,016 60,789,162 (34,679,214 ) 892,291,132 
Total $12,279,278,012 $2,277,588,861 $1,703,551,228 $89,666,736  $199,012,618  $575,314,480  $29,906,318,133 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,502,265,052) — See accompanying schedule  $29,906,318,133 
Cash  139 
Receivable for investments sold  4,969,733 
Receivable for fund shares sold  40,864,387 
Dividends receivable  4,160,193 
Other receivables  161,902 
Total assets  29,956,474,487 
Liabilities   
Payable for fund shares redeemed $45,838,195  
Accrued management fee 14,112,290  
Other payables and accrued expenses 161,899  
Total liabilities  60,112,384 
Net Assets  $29,896,362,103 
Net Assets consist of:   
Paid in capital  $25,090,417,528 
Undistributed net investment income  57,089,551 
Accumulated undistributed net realized gain (loss) on investments  344,801,943 
Net unrealized appreciation (depreciation) on investments  4,404,053,081 
Net Assets  $29,896,362,103 
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($12,797,571,194 ÷ 775,569,064 shares)  $16.50 
Class K:   
Net Asset Value, offering price and redemption price per share ($16,952,477,039 ÷ 1,027,235,890 shares)  $16.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($146,313,870 ÷ 8,859,976 shares)  $16.51 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $89,666,736 
Expenses   
Management fee $31,772,443  
Independent trustees' fees and expenses 24,150  
Total expenses before reductions 31,796,593  
Expense reductions (8,733) 31,787,860 
Net investment income (loss)  57,878,876 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 199,012,618  
Capital gain distributions from underlying funds 174,019,579  
Total net realized gain (loss)  373,032,197 
Change in net unrealized appreciation (depreciation) on underlying funds  575,314,480 
Net gain (loss)  948,346,677 
Net increase (decrease) in net assets resulting from operations  $1,006,225,553 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $57,878,876 $201,004,333 
Net realized gain (loss) 373,032,197 242,145,200 
Change in net unrealized appreciation (depreciation) 575,314,480 856,403,668 
Net increase (decrease) in net assets resulting from operations 1,006,225,553 1,299,553,201 
Distributions to shareholders from net investment income (28,799,746) (200,026,428) 
Distributions to shareholders from net realized gain (168,906,642) (252,757,975) 
Total distributions (197,706,388) (452,784,403) 
Share transactions - net increase (decrease) 16,808,602,611 (300,508,340) 
Total increase (decrease) in net assets 17,617,121,776 546,260,458 
Net Assets   
Beginning of period 12,279,240,327 11,732,979,869 
End of period $29,896,362,103 $12,279,240,327 
Other Information   
Undistributed net investment income end of period $57,089,551 $28,010,421 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2020 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.70 $14.63 $15.76 $15.81 $14.94 $14.16 
Income from Investment Operations       
Net investment income (loss)A .04 .25 .28 .28 .23 .24 
Net realized and unrealized gain (loss) 1.01 1.40 (.60) .73 1.22 .89 
Total from investment operations 1.05 1.65 (.32) 1.01 1.45 1.13 
Distributions from net investment income (.04) (.26) (.28) (.29) (.23) (.25) 
Distributions from net realized gain (.22) (.32) (.53) (.77) (.36) (.10) 
Total distributions (.25)B (.58) (.81) (1.06) (.58)C (.35) 
Net asset value, end of period $16.50 $15.70 $14.63 $15.76 $15.81 $14.94 
Total ReturnD,E 6.79% 11.57% (2.10)% 6.71% 9.83% 8.12% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .41%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .41%H -% -% -% -% -% 
Expenses net of all reductions .41%H -% -% -% -% -% 
Net investment income (loss) .44%H 1.69% 1.83% 1.83% 1.49% 1.65% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,797,571 $12,279,240 $11,732,980 $12,868,898 $13,343,983 $13,579,950 
Portfolio turnover rateF 26 %H,J 19% 17% 17% 39% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.25 per share is comprised of distributions from net investment income of $.037 and distributions from net realized gain of $.217 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.228 and distributions from net realized gain of $.356 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.24 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .17 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.50 
Total ReturnC,D 1.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .56%G,H 
Expenses net of fee waivers, if any .56%G,H 
Expenses net of all reductions .56%G,H 
Net investment income (loss) 3.02%G 
Supplemental Data  
Net assets, end of period (000 omitted) $16,952,477 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .44 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.51 
Total ReturnC,D 3.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .43%G,H 
Expenses net of fee waivers, if any .43%G,H 
Expenses net of all reductions .43%G,H 
Net investment income (loss) 1.32%G 
Supplemental Data  
Net assets, end of period (000 omitted) $146,314 
Portfolio turnover rateE 26%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 20.5 20.7 
Fidelity Series Emerging Markets Fund 7.3 8.1 
Fidelity Series International Growth Fund 6.8 6.8 
Fidelity Series International Value Fund 6.7 6.8 
Fidelity Series Growth & Income Fund 6.4 5.0 
Fidelity Series Intrinsic Opportunities Fund 6.4 4.4 
Fidelity Series Growth Company Fund 5.6 5.9 
Fidelity Series Government Money Market Fund 1.09% 5.1 4.9 
Fidelity Series Stock Selector Large Cap Value Fund 4.8 5.0 
Fidelity Series Value Discovery Fund 3.3 7.1 
 72.9 74.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.3% 
   International Equity Funds 23.1% 
   Bond Funds 26.0% 
   Short-Term Funds 6.6% 


Six months ago 
   Domestic Equity Funds 45.7% 
   International Equity Funds 23.3% 
   Bond Funds 24.5% 
   Short-Term Funds 6.5% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,106,225 $382,870,153 
Fidelity Series 1000 Value Index Fund (a) 36,938,973 463,953,504 
Fidelity Series All-Sector Equity Fund (a) 53,538,839 715,814,282 
Fidelity Series Blue Chip Growth Fund (a) 55,331,943 732,594,922 
Fidelity Series Commodity Strategy Fund (a) 99,275,045 519,208,484 
Fidelity Series Growth & Income Fund (a) 110,309,342 1,677,805,086 
Fidelity Series Growth Company Fund (a) 85,184,554 1,461,766,943 
Fidelity Series Intrinsic Opportunities Fund (a) 96,710,147 1,661,480,323 
Fidelity Series Opportunistic Insights Fund (a) 44,278,993 807,206,048 
Fidelity Series Real Estate Equity Fund (a) 11,199,954 144,591,402 
Fidelity Series Small Cap Discovery Fund (a) 17,918,354 215,020,248 
Fidelity Series Small Cap Opportunities Fund (a) 47,489,050 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 94,062,171 1,250,086,253 
Fidelity Series Value Discovery Fund (a) 64,679,962 868,005,093 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,934,969,528)  11,564,299,664 
International Equity Funds - 23.1%   
Fidelity Series Canada Fund (a) 16,680,509 177,480,614 
Fidelity Series Emerging Markets Fund (a) 93,283,795 1,921,646,175 
Fidelity Series International Growth Fund (a) 111,095,498 1,765,307,455 
Fidelity Series International Small Cap Fund (a) 23,655,045 423,661,858 
Fidelity Series International Value Fund (a) 163,408,109 1,759,905,336 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,667,777,751)  6,048,001,438 
Bond Funds - 26.0%   
Fidelity Series Emerging Markets Debt Fund (a) 17,488,986 182,934,794 
Fidelity Series Floating Rate High Income Fund (a) 6,374,794 60,496,791 
Fidelity Series High Income Fund (a) 39,078,710 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,453,558 192,395,691 
Fidelity Series International Credit Fund (a) 1,531,359 15,390,157 
Fidelity Series Investment Grade Bond Fund (a) 474,669,815 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 55,246,249 485,614,528 
Fidelity Series Real Estate Income Fund (a) 10,930,829 122,097,358 
TOTAL BOND FUNDS   
(Cost $6,821,415,837)  6,808,462,343 
Short-Term Funds - 6.6%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 1,325,218,039 1,325,218,039 
Fidelity Series Short-Term Credit Fund (a) 39,320,942 392,816,213 
TOTAL SHORT-TERM FUNDS   
(Cost $1,718,177,848)  1,718,034,252 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $22,142,340,964)  26,138,797,697 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (13,034,569) 
NET ASSETS - 100%  $26,125,763,128 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $150,442,258 $17,770,108 $13,926,515 $-- $2,580,063 $13,685,127 $382,870,153 
Fidelity Series 1000 Value Index Fund 182,904,928 21,400,938 12,071,856 -- 192,582 17,095,739 463,953,504 
Fidelity Series All-Sector Equity Fund 283,721,155 33,373,903 29,530,763 -- 1,295,271 29,454,693 715,814,282 
Fidelity Series Blue Chip Growth Fund 289,473,741 97,752,438 45,555,331 1,415,194 9,286,374 (27,583,711) 732,594,922 
Fidelity Series Canada Fund -- 114,695,640 585,619 -- 1,646 3,587,816 177,480,614 
Fidelity Series Commodity Strategy Fund 160,807,201 71,816,731 7,328,290 792,490 (396,156) (1,877,440) 519,208,484 
Fidelity Series Emerging Markets Debt Fund 70,309,321 10,649,918 2,362,410 2,409,201 7,641 1,007,194 182,934,794 
Fidelity Series Emerging Markets Fund 795,230,582 96,529,103 320,854,275 -- 27,798,589 92,361,573 1,921,646,175 
Fidelity Series Floating Rate High Income Fund 23,882,508 3,472,533 954,171 605,940 314 (80,041) 60,496,791 
Fidelity Series Government Money Market Fund 1.09% 474,107,523 119,798,762 18,851,996 2,560,346 -- -- 1,325,218,039 
Fidelity Series Growth & Income Fund 486,185,498 250,615,763(a) 32,538,807 2,769,141 (72,825) 57,994,298 1,677,805,086 
Fidelity Series Growth Company Fund 572,602,766 57,675,218 87,445,893 -- 28,584,635 77,091,162 1,461,766,943 
Fidelity Series High Income Fund 146,512,107 22,408,747 5,763,981 4,522,030 14,067 3,739,826 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund 79,763,875 9,190,354 3,050,563 52,145 2,353 (1,061,431) 192,395,691 
Fidelity Series International Credit Fund -- 6,324,674 261 -- -- (13,324) 15,390,157 
Fidelity Series International Growth Fund 665,002,902 81,689,934 84,870,358 -- 3,322,578 94,245,504 1,765,307,455 
Fidelity Series International Small Cap Fund 151,128,896 19,101,564 12,225,981 -- 941,536 26,783,666 423,661,858 
Fidelity Series International Value Fund 666,738,770 88,903,699 96,127,364 -- 2,224,988 95,866,122 1,759,905,336 
Fidelity Series Intrinsic Opportunities Fund 433,865,637 283,785,598(a) 3,098,961 11,568,988 (9,731) 22,752,207 1,661,480,323 
Fidelity Series Investment Grade Bond Fund 2,024,582,252 359,039,654 79,054,902 28,761,243 (253,596) 2,837,534 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund 1,635,459 353,041,427 2,247,932 1,002,894 (105,485) (6,485,847) 485,614,528 
Fidelity Series Opportunistic Insights Fund 317,647,343 37,629,326 45,931,118 -- 14,465,801 33,350,217 807,206,048 
Fidelity Series Real Estate Equity Fund 57,575,442 10,421,048 2,961,889 505,120 (53,272) (1,247,988) 144,591,402 
Fidelity Series Real Estate Income Fund 47,340,033 8,758,997 1,813,230 1,266,465 (2,134) 224,601 122,097,358 
Fidelity Series Short-Term Credit Fund 156,027,873 20,068,448 6,405,256 1,400,011 477 (388,377) 392,816,213 
Fidelity Series Small Cap Discovery Fund 86,218,504 10,252,279 7,258,323 390,598 339,665 10,637,027 215,020,248 
Fidelity Series Small Cap Opportunities Fund 257,643,145 76,921,465 16,424,281 1,231,852 (57,643) (10,894,038) 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund 492,174,859 57,783,134 30,733,524 -- 159,754 43,760,183 1,250,086,253 
Fidelity Series Value Discovery Fund 691,035,348 48,648,009 374,607,703(a) 5,458,763 39,081,853 (13,797,798) 868,005,093 
Total $9,764,559,926 $2,389,519,412 $1,344,581,553 $66,712,421 $129,349,345 $563,044,494 $26,138,797,697 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $22,142,340,964) — See accompanying schedule  $26,138,797,697 
Receivable for investments sold  497,474 
Receivable for fund shares sold  35,222,359 
Total assets  26,174,517,530 
Liabilities   
Payable for investments purchased $7,713,559  
Payable for fund shares redeemed 27,991,541  
Accrued management fee 13,049,302  
Total liabilities  48,754,402 
Net Assets  $26,125,763,128 
Net Assets consist of:   
Paid in capital  $21,817,679,164 
Undistributed net investment income  37,809,658 
Accumulated undistributed net realized gain (loss) on investments  273,817,573 
Net unrealized appreciation (depreciation) on investments  3,996,456,733 
Net Assets  $26,125,763,128 
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($10,446,711,490 ÷ 732,481,783 shares)  $14.26 
Class K:   
Net Asset Value, offering price and redemption price per share ($15,401,033,369 ÷ 1,079,987,759 shares)  $14.26 
Class K6:   
Net Asset Value, offering price and redemption price per share ($278,018,269 ÷ 19,475,830 shares)  $14.28 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,712,421 
Expenses   
Management fee $28,191,618  
Independent trustees' fees and expenses 18,324  
Total expenses before reductions 28,209,942  
Expense reductions (6,404) 28,203,538 
Net investment income (loss)  38,508,883 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 129,349,345  
Capital gain distributions from underlying funds 166,947,018  
Total net realized gain (loss)  296,296,363 
Change in net unrealized appreciation (depreciation) on underlying funds  563,044,494 
Net gain (loss)  859,340,857 
Net increase (decrease) in net assets resulting from operations  $897,849,740 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $38,508,883 $151,298,835 
Net realized gain (loss) 296,296,363 179,330,142 
Change in net unrealized appreciation (depreciation) 563,044,494 740,586,840 
Net increase (decrease) in net assets resulting from operations 897,849,740 1,071,215,817 
Distributions to shareholders from net investment income (20,288,985) (147,758,780) 
Distributions to shareholders from net realized gain (126,806,087) (204,066,897) 
Total distributions (147,095,072) (351,825,677) 
Share transactions - net increase (decrease) 15,610,461,159 327,589,461 
Total increase (decrease) in net assets 16,361,215,827 1,046,979,601 
Net Assets   
Beginning of period 9,764,547,301 8,717,567,700 
End of period $26,125,763,128 $9,764,547,301 
Other Information   
Undistributed net investment income end of period $37,809,658 $19,589,760 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2025 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.50 $12.49 $13.51 $13.49 $12.58 $11.81 
Income from Investment Operations       
Net investment income (loss)A .02 .21 .22 .24 .20 .21 
Net realized and unrealized gain (loss) .94 1.30 (.54) .69 1.30 .84 
Total from investment operations .96 1.51 (.32) .93 1.50 1.05 
Distributions from net investment income (.03) (.21) (.23) (.25) (.20) (.22) 
Distributions from net realized gain (.18) (.29) (.47) (.66) (.39) (.06) 
Total distributions (.20)B (.50) (.70) (.91) (.59) (.28) 
Net asset value, end of period $14.26 $13.50 $12.49 $13.51 $13.49 $12.58 
Total ReturnC,D 7.21% 12.46% (2.50)% 7.23% 12.08% 9.03% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .45%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .45%G -% -% -% -% -% 
Expenses net of all reductions .45%G -% -% -% -% -% 
Net investment income (loss) .28%G 1.66% 1.75% 1.81% 1.53% 1.73% 
Supplemental Data       
Net assets, end of period (000 omitted) $10,446,711 $9,764,547 $8,717,568 $9,054,681 $8,865,153 $8,229,885 
Portfolio turnover rateF 25%G,I 19% 17% 19% 46% 31% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.20 per share is comprised of distributions from net investment income of $.028 and distributions from net realized gain of $.175 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.02 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .17 
Total from investment operations .24 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.26 
Total ReturnC,D 1.71% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .60%G,H 
Expenses net of fee waivers, if any .60%G,H 
Expenses net of all reductions .60%G,H 
Net investment income (loss) 2.62%G 
Supplemental Data  
Net assets, end of period (000 omitted) $15,401,033 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.80 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .43 
Total from investment operations .48 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.28 
Total ReturnC,D 3.48% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G 
Expenses net of fee waivers, if any .45%G 
Expenses net of all reductions .45%G 
Net investment income (loss) 1.10%G 
Supplemental Data  
Net assets, end of period (000 omitted) $278,018 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 12.8 12.1 
Fidelity Series Emerging Markets Fund 8.3 9.2 
Fidelity Series International Value Fund 8.1 8.3 
Fidelity Series International Growth Fund 8.0 8.2 
Fidelity Series Growth & Income Fund 7.8 6.1 
Fidelity Series Intrinsic Opportunities Fund 7.7 5.4 
Fidelity Series Growth Company Fund 6.8 7.2 
Fidelity Series Stock Selector Large Cap Value Fund 5.9 6.2 
Fidelity Series Value Discovery Fund 4.0 8.7 
Fidelity Series Opportunistic Insights Fund 3.8 4.0 
 73.2 75.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.5% 
   International Equity Funds 27.1% 
   Bond Funds 18.4% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 55.5% 
   International Equity Funds 27.6% 
   Bond Funds 15.9% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.5%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 33,011,459 $546,999,877 
Fidelity Series 1000 Value Index Fund (a) 52,669,817 661,532,902 
Fidelity Series All-Sector Equity Fund (a) 76,462,043 1,022,297,520 
Fidelity Series Blue Chip Growth Fund (a) 79,024,332 1,046,282,159 
Fidelity Series Commodity Strategy Fund (a) 114,721,890 599,995,484 
Fidelity Series Growth & Income Fund (a) 157,617,115 2,397,356,321 
Fidelity Series Growth Company Fund (a) 121,635,719 2,087,268,939 
Fidelity Series Intrinsic Opportunities Fund (a) 137,166,404 2,356,518,816 
Fidelity Series Opportunistic Insights Fund (a) 63,234,666 1,152,767,965 
Fidelity Series Real Estate Equity Fund (a) 15,960,991 206,056,391 
Fidelity Series Small Cap Discovery Fund (a) 25,614,110 307,369,323 
Fidelity Series Small Cap Opportunities Fund (a) 67,573,854 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund (a) 134,477,716 1,787,208,852 
Fidelity Series Value Discovery Fund (a) 91,942,953 1,233,874,433 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,618,949,993)  16,350,211,462 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 23,175,007 246,582,079 
Fidelity Series Emerging Markets Fund (a) 123,414,039 2,542,329,208 
Fidelity Series International Growth Fund (a) 153,929,291 2,445,936,434 
Fidelity Series International Small Cap Fund (a) 32,919,734 589,592,441 
Fidelity Series International Value Fund (a) 228,573,280 2,461,734,226 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,487,947,253)  8,286,174,388 
Bond Funds - 18.4%   
Fidelity Series Emerging Markets Debt Fund (a) 20,064,580 209,875,508 
Fidelity Series Floating Rate High Income Fund (a) 7,277,303 69,061,607 
Fidelity Series High Income Fund (a) 45,086,473 439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund (a) 24,283,674 240,165,531 
Fidelity Series International Credit Fund (a) 1,490,851 14,983,057 
Fidelity Series Investment Grade Bond Fund (a) 347,173,705 3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 67,286,236 591,446,015 
Fidelity Series Real Estate Income Fund (a) 12,602,356 140,768,319 
TOTAL BOND FUNDS   
(Cost $5,607,118,317)  5,632,427,758 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 250,372,725 250,372,725 
Fidelity Series Short-Term Credit Fund (a) 7,102,241 70,951,385 
TOTAL SHORT-TERM FUNDS   
(Cost $321,208,253)  321,324,110 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $25,035,223,816)  30,590,137,718 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (16,181,965) 
NET ASSETS - 100%  $30,573,955,753 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $213,000,452 $21,692,560  $16,325,500  $-- $3,812,277  $19,335,306  $546,999,877 
Fidelity Series 1000 Value Index Fund 258,439,164 26,478,796  13,375,483  -- 216,212  24,370,225  661,532,902 
Fidelity Series All-Sector Equity Fund 401,700,789 40,655,742  35,764,416  -- 1,758,398  41,974,050  1,022,297,520 
Fidelity Series Blue Chip Growth Fund 409,846,594 132,790,534  58,565,935  2,023,938  12,448,991  (39,069,447 ) 1,046,282,159 
Fidelity Series Canada Fund -- 146,697,407  795,528  -- 2,717  5,694,458  246,582,079 
Fidelity Series Commodity Strategy Fund 181,305,844 84,155,693  7,359,092  917,038  (676,017) (1,868,533 ) 599,995,484 
Fidelity Series Emerging Markets Debt Fund 79,431,440 10,909,906  2,377,066  2,723,928  22,223 1,107,979  209,875,508 
Fidelity Series Emerging Markets Fund 1,036,984,669 108,636,109  393,397,067  -- 37,006,559  120,264,472  2,542,329,208 
Fidelity Series Floating Rate High Income Fund 27,384,693 3,531,146  966,728  693,651  (424 ) (91,512 ) 69,061,607 
Fidelity Series Government Money Market Fund 1.09% 86,241,591 24,257,840  3,118,202  487,883  -- -- 250,372,725 
Fidelity Series Growth & Income Fund 688,738,261 346,802,406 (a) 38,076,989  3,932,932  (132,722 ) 82,574,226  2,397,356,321 
Fidelity Series Growth Company Fund 811,270,155 72,934,600  117,608,255  -- 39,260,168  111,076,841  2,087,268,939 
Fidelity Series High Income Fund 170,348,294 22,990,323  5,823,640  5,248,071  10,513  4,329,082  439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund 100,796,632 6,505,475  4,522,867  64,468  (42,668) (1,317,983 ) 240,165,531 
Fidelity Series International Credit Fund -- 6,160,029  166  -- -- (12,944 ) 14,983,057 
Fidelity Series International Growth Fund 933,125,645 97,816,457  126,987,816  -- 5,039,439  130,891,960  2,445,936,434 
Fidelity Series International Small Cap Fund 212,846,304 22,838,989  18,628,686  -- 1,656,338  37,079,991  589,592,441 
Fidelity Series International Value Fund 935,212,029 100,123,420  111,202,171  -- 561,861 136,021,605  2,461,734,226 
Fidelity Series Intrinsic Opportunities Fund 613,420,497 388,543,479 (a) 2,974,630  16,427,077  (8,953) 31,890,043  2,356,518,816 
Fidelity Series Investment Grade Bond Fund 1,367,569,367 350,649,953  49,895,086  20,423,289  (258,499) 984,124  3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund 940,915 435,836,830  2,155,676  1,191,327  (98,995) (8,086,965 ) 591,446,015 
Fidelity Series Opportunistic Insights Fund 449,735,472 45,823,236  58,331,289  -- 19,400,784 48,508,852  1,152,767,965 
Fidelity Series Real Estate Equity Fund 81,538,943 13,761,115  3,176,864  714,512  (21,612) (1,824,237 ) 206,056,391 
Fidelity Series Real Estate Income Fund 54,581,853 9,204,785 1,833,281  1,449,568  (1,263) 269,338  140,768,319 
Fidelity Series Short-Term Credit Fund 28,157,403 3,172,315  1,075,839  250,545  (542) (69,797 ) 70,951,385 
Fidelity Series Small Cap Discovery Fund 121,760,717 12,643,054  7,897,473  549,507  416,932 15,220,598  307,369,323 
Fidelity Series Small Cap Opportunities Fund 365,212,608 104,100,121  19,315,643  1,755,251  (118,073) (15,583,796 ) 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund 697,267,883 74,714,039  35,904,425  -- 199,098 62,475,294  1,787,208,852 
Fidelity Series Value Discovery Fund 978,820,033 60,098,789  524,500,801 (a) 7,744,137 49,586,936 (13,693,257 ) 1,233,874,433 
Total $11,305,678,247 $2,774,525,148  $1,661,956,614  $66,597,122  $170,039,678 $792,449,973  $30,590,137,718 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,035,223,816) — See accompanying schedule  $30,590,137,718 
Cash  
Receivable for investments sold  188,357 
Receivable for fund shares sold  66,408,761 
Other receivables  123,544 
Total assets  30,656,858,381 
Liabilities   
Payable for investments purchased $9,090,502  
Payable for fund shares redeemed 57,504,461  
Accrued management fee 16,184,120  
Other payables and accrued expenses 123,545  
Total liabilities  82,902,628 
Net Assets  $30,573,955,753 
Net Assets consist of:   
Paid in capital  $24,609,884,915 
Undistributed net investment income  31,504,426 
Accumulated undistributed net realized gain (loss) on investments  377,652,510 
Net unrealized appreciation (depreciation) on investments  5,554,913,902 
Net Assets  $30,573,955,753 
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($12,138,738,094 ÷ 681,184,984 shares)  $17.82 
Class K:   
Net Asset Value, offering price and redemption price per share ($18,037,948,241 ÷ 1,011,919,732 shares)  $17.83 
Class K6:   
Net Asset Value, offering price and redemption price per share ($397,269,418 ÷ 22,274,462 shares)  $17.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,597,122 
Expenses   
Management fee $34,907,467  
Independent trustees' fees and expenses 22,209  
Total expenses before reductions 34,929,676  
Expense reductions (7,879) 34,921,797 
Net investment income (loss)  31,675,325 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 170,039,678  
Capital gain distributions from underlying funds 238,044,467  
Total net realized gain (loss)  408,084,145 
Change in net unrealized appreciation (depreciation) on underlying funds  792,449,973 
Net gain (loss)  1,200,534,118 
Net increase (decrease) in net assets resulting from operations  $1,232,209,443 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $31,675,325 $165,707,982 
Net realized gain (loss) 408,084,145 222,767,932 
Change in net unrealized appreciation (depreciation) 792,449,973 1,056,666,897 
Net increase (decrease) in net assets resulting from operations 1,232,209,443 1,445,142,811 
Distributions to shareholders from net investment income (14,875,007) (163,120,493) 
Distributions to shareholders from net realized gain (177,823,710) (254,968,549) 
Total distributions (192,698,717) (418,089,042) 
Share transactions - net increase (decrease) 18,228,776,530 128,477,357 
Total increase (decrease) in net assets 19,268,287,256 1,155,531,126 
Net Assets   
Beginning of period 11,305,668,497 10,150,137,371 
End of period $30,573,955,753 $11,305,668,497 
Other Information   
Undistributed net investment income end of period $31,504,426 $14,704,108 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2030 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.72 $15.20 $16.62 $16.47 $15.02 $14.07 
Income from Investment Operations       
Net investment income (loss)A .01 .25 .25 .27 .24 .25 
Net realized and unrealized gain (loss) 1.38 1.90 (.75) .95 1.71 1.04 
Total from investment operations 1.39 2.15 (.50) 1.22 1.95 1.29 
Distributions from net investment income (.02) (.25) (.26) (.28) (.25) (.27) 
Distributions from net realized gain (.26) (.38) (.67) (.79) (.25) (.07) 
Total distributions (.29)B (.63) (.92)C (1.07) (.50) (.34) 
Net asset value, end of period $17.82 $16.72 $15.20 $16.62 $16.47 $15.02 
Total ReturnD,E 8.38% 14.58% (3.17)% 7.76% 13.08% 9.30% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .47%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .47%H -% -% -% -% -% 
Expenses net of all reductions .47%H -% -% -% -% -% 
Net investment income (loss) .12%H 1.57% 1.59% 1.68% 1.50% 1.77% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,138,738 $11,305,668 $10,150,137 $10,883,658 $10,933,549 $10,636,397 
Portfolio turnover rateF 27%H,J 17% 16% 17% 54% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.29 per share is comprised of distributions from net investment income of $.022 and distributions from net realized gain of $.263 per share.

 C Total distributions of $.92 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.665 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.47 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .28 
Total from investment operations .36 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.83 
Total ReturnC,D 2.06% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .63%G,H 
Expenses net of fee waivers, if any .63%G,H 
Expenses net of all reductions .63%G,H 
Net investment income (loss) 2.29%G 
Supplemental Data  
Net assets, end of period (000 omitted) $18,037,948 
Portfolio turnover rateE 27%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.15 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .64 
Total from investment operations .69 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.84 
Total ReturnC,D 4.02% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .47%G 
Expenses net of fee waivers, if any .47%G 
Expenses net of all reductions .47%G 
Net investment income (loss) .89%G 
Supplemental Data  
Net assets, end of period (000 omitted) $397,269 
Portfolio turnover rateE 27%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.3 10.0 
Fidelity Series International Value Fund 9.2 9.4 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Series Growth & Income Fund 9.0 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.8 6.2 
Fidelity Series Growth Company Fund 7.9 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.7 7.0 
Fidelity Series Value Discovery Fund 4.6 9.9 
Fidelity Series Opportunistic Insights Fund 4.3 4.5 
Fidelity Series Blue Chip Growth Fund 3.9 4.1 
 72.8 75.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 30.6% 
   Bond Funds 7.1% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.1% 
   International Equity Funds 30.9% 
   Bond Funds 5.0% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 25,655,385 $425,109,723 
Fidelity Series 1000 Value Index Fund (a) 40,805,277 512,514,279 
Fidelity Series All-Sector Equity Fund (a) 59,303,925 792,893,476 
Fidelity Series Blue Chip Growth Fund (a) 61,288,409 811,458,532 
Fidelity Series Commodity Strategy Fund (a) 77,143,693 403,461,514 
Fidelity Series Growth & Income Fund (a) 122,037,474 1,856,189,986 
Fidelity Series Growth Company Fund (a) 94,227,706 1,616,947,431 
Fidelity Series Intrinsic Opportunities Fund (a) 105,119,666 1,805,955,864 
Fidelity Series Opportunistic Insights Fund (a) 49,031,237 893,839,444 
Fidelity Series Real Estate Equity Fund (a) 12,383,831 159,875,264 
Fidelity Series Small Cap Discovery Fund (a) 19,931,775 239,181,297 
Fidelity Series Small Cap Opportunities Fund (a) 52,459,415 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund (a) 104,215,933 1,385,029,747 
Fidelity Series Value Discovery Fund (a) 71,061,857 953,650,114 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,875,548,042)  12,589,489,294 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 15,480,840 164,716,136 
Fidelity Series Emerging Markets Fund (a) 92,390,678 1,903,247,968 
Fidelity Series International Growth Fund (a) 117,501,670 1,867,101,540 
Fidelity Series International Small Cap Fund (a) 25,120,504 449,908,223 
Fidelity Series International Value Fund (a) 176,398,349 1,899,810,218 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,980,759,594)  6,284,784,085 
Bond Funds - 7.1%   
Fidelity Series Emerging Markets Debt Fund (a) 13,271,954 138,824,643 
Fidelity Series Floating Rate High Income Fund (a) 4,841,251 45,943,471 
Fidelity Series High Income Fund (a) 30,027,893 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,173,749 159,958,380 
Fidelity Series International Credit Fund (a) 995,750 10,007,288 
Fidelity Series Investment Grade Bond Fund (a) 29,922,396 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 42,417,270 372,847,806 
Fidelity Series Real Estate Income Fund (a) 8,330,056 93,046,723 
TOTAL BOND FUNDS   
(Cost $1,438,412,258)  1,451,822,564 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 168,014,506 168,014,506 
Fidelity Series Short-Term Credit Fund (a) 4,752,182 47,474,303 
TOTAL SHORT-TERM FUNDS   
(Cost $215,412,721)  215,488,809 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,510,132,615)  20,541,584,752 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,413,915) 
NET ASSETS - 100%  $20,530,170,837 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $148,282,227 $24,290,086 $9,153,915 $-- $252,554 $16,944,394 $425,109,723 
Fidelity Series 1000 Value Index Fund 179,592,513 30,800,026 8,279,340 -- 21,453 18,738,744 512,514,279 
Fidelity Series All-Sector Equity Fund 279,645,931 45,579,647 21,338,224 -- 377,646 31,889,503 792,893,476 
Fidelity Series Blue Chip Growth Fund 285,318,640 116,906,770 36,950,441 1,566,976 6,493,604 (30,467,954) 811,458,532 
Fidelity Series Canada Fund -- 82,579,118 673,413 -- 1,869 4,360,392 164,716,136 
Fidelity Series Commodity Strategy Fund 111,388,669 59,937,856 5,054,287 615,569 (631,469) (1,054,675) 403,461,514 
Fidelity Series Emerging Markets Debt Fund 48,645,752 9,503,790 1,653,875 1,701,372 38,797 619,773 138,824,643 
Fidelity Series Emerging Markets Fund 685,552,413 115,382,357 231,797,110 -- 13,049,819 91,893,452 1,903,247,968 
Fidelity Series Floating Rate High Income Fund 16,615,127 3,177,380 669,269 430,693 (18,316) (39,370) 45,943,471 
Fidelity Series Government Money Market Fund 1.09% 53,467,356 17,661,349 2,171,270 312,922 -- -- 168,014,506 
Fidelity Series Growth & Income Fund 479,148,645 287,947,372(a) 25,967,579 2,771,304 (106,084) 63,746,464 1,856,189,986 
Fidelity Series Growth Company Fund 564,837,431 78,752,144 68,789,161 -- 21,816,312 86,917,429 1,616,947,431 
Fidelity Series High Income Fund 103,635,702 20,321,065 4,036,318 3,265,733 14,665 2,791,745 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund 61,194,766 7,033,278 2,163,747 40,706 428 (954,151) 159,958,380 
Fidelity Series International Credit Fund -- 3,865,025 14 -- -- (11,137) 10,007,288 
Fidelity Series International Growth Fund 645,735,531 107,439,406 84,413,122 -- 1,735,708 94,342,956 1,867,101,540 
Fidelity Series International Small Cap Fund 147,541,592 25,109,060 12,509,149 -- 859,497 26,627,500 449,908,223 
Fidelity Series International Value Fund 647,425,663 114,586,418 59,732,114 -- (802,386) 100,080,061 1,899,810,218 
Fidelity Series Intrinsic Opportunities Fund 425,390,545 323,847,229(a) 3,027,047 12,566,957 29,685 20,942,431 1,805,955,864 
Fidelity Series Investment Grade Bond Fund 81,635,475 60,890,451 4,468,836 1,522,719 2,847 (395,533) 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund 31,462 262,679,047 1,368,983 740,275 (5,443) (5,491,845) 372,847,806 
Fidelity Series Opportunistic Insights Fund 313,087,328 51,537,583 37,015,203 -- 4,272,813 44,966,426 893,839,444 
Fidelity Series Real Estate Equity Fund 57,029,392 14,191,306 2,481,849 519,519 (6,158) (1,489,353) 159,875,264 
Fidelity Series Real Estate Income Fund 32,984,692 7,799,936 1,268,950 902,471 (9,074) 143,261 93,046,723 
Fidelity Series Short-Term Credit Fund 17,120,293 3,003,768 743,475 156,440 (415) (54,035) 47,474,303 
Fidelity Series Small Cap Discovery Fund 84,431,775 13,954,536 3,822,092 383,283 14,056 12,174,573 239,181,297 
Fidelity Series Small Cap Opportunities Fund 253,917,431 94,095,745 11,243,602 1,360,288 (135,745) (12,082,179) 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund 485,084,612 84,891,208 22,569,330 -- 41,668 47,897,214 1,385,029,747 
Fidelity Series Value Discovery Fund 681,088,437 64,633,599 364,190,699(a) 5,456,161 26,490,209 1,271,333 953,650,114 
Total $6,889,829,400 $2,132,396,555 $1,027,552,414 $34,313,388 $73,798,540 $614,307,419 $20,541,584,752 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,510,132,615) — See accompanying schedule  $20,541,584,752 
Cash  
Receivable for investments sold  316,985 
Receivable for fund shares sold  33,622,988 
Total assets  20,575,524,730 
Liabilities   
Payable for investments purchased $17,185,962  
Payable for fund shares redeemed 16,755,141  
Accrued management fee 11,412,790  
Total liabilities  45,353,893 
Net Assets  $20,530,170,837 
Net Assets consist of:   
Paid in capital  $16,249,233,931 
Undistributed net investment income  10,428,637 
Accumulated undistributed net realized gain (loss) on investments  239,056,132 
Net unrealized appreciation (depreciation) on investments  4,031,452,137 
Net Assets  $20,530,170,837 
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($7,579,411,779 ÷ 507,969,968 shares)  $14.92 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,587,792,858 ÷ 843,667,834 shares)  $14.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($362,966,200 ÷ 24,303,379 shares)  $14.93 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $34,313,388 
Expenses   
Management fee $23,530,218  
Independent trustees' fees and expenses 13,085  
Total expenses before reductions 23,543,303  
Expense reductions (4,521) 23,538,782 
Net investment income (loss)  10,774,606 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 73,798,540  
Capital gain distributions from underlying funds 182,525,796  
Total net realized gain (loss)  256,324,336 
Change in net unrealized appreciation (depreciation) on underlying funds  614,307,419 
Net gain (loss)  870,631,755 
Net increase (decrease) in net assets resulting from operations  $881,406,361 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,774,606 $91,212,153 
Net realized gain (loss) 256,324,336 136,198,233 
Change in net unrealized appreciation (depreciation) 614,307,419 720,467,700 
Net increase (decrease) in net assets resulting from operations 881,406,361 947,878,086 
Distributions to shareholders from net investment income (4,477,894) (88,507,344) 
Distributions to shareholders from net realized gain (104,484,046) (162,354,536) 
Total distributions (108,961,940) (250,861,880) 
Share transactions - net increase (decrease) 12,867,898,287 231,724,174 
Total increase (decrease) in net assets 13,640,342,708 928,740,380 
Net Assets   
Beginning of period 6,889,828,129 5,961,087,749 
End of period $20,530,170,837 $6,889,828,129 
Other Information   
Undistributed net investment income end of period $10,428,637 $4,131,925 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2035 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.88 $12.46 $13.67 $13.62 $12.57 $11.68 
Income from Investment Operations       
Net investment income (loss)A B .19 .19 .22 .18 .20 
Net realized and unrealized gain (loss) 1.26 1.75 (.65) .80 1.63 .93 
Total from investment operations 1.26 1.94 (.46) 1.02 1.81 1.13 
Distributions from net investment income (.01) (.18) (.20) (.23) (.19) (.21) 
Distributions from net realized gain (.21) (.34) (.55) (.75) (.57) (.03) 
Total distributions (.22) (.52) (.75) (.97)C (.76) (.24) 
Net asset value, end of period $14.92 $13.88 $12.46 $13.67 $13.62 $12.57 
Total ReturnD,E 9.17% 16.09% (3.59)% 7.90% 14.76% 9.85% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.06)%H 1.45% 1.48% 1.62% 1.42% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,579,412 $6,889,828 $5,961,088 $6,289,345 $6,183,144 $5,648,531 
Portfolio turnover rateF 26%H,J 16% 15% 18% 54% 36% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.97 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $.746 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.60 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .27 
Total from investment operations .32 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.92 
Total ReturnC,D 2.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.72%G 
Supplemental Data  
Net assets, end of period (000 omitted) $12,587,793 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.30 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .60 
Total from investment operations .63 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.93 
Total ReturnC,D 4.41% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .60%G 
Supplemental Data  
Net assets, end of period (000 omitted) $362,966 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.6% 
   International Equity Funds 31.1% 
   Bond Funds 4.3% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 26,948,665 $446,539,376 
Fidelity Series 1000 Value Index Fund (a) 43,015,926 540,280,025 
Fidelity Series All-Sector Equity Fund (a) 62,404,218 834,344,401 
Fidelity Series Blue Chip Growth Fund (a) 64,495,068 853,914,703 
Fidelity Series Commodity Strategy Fund (a) 80,192,540 419,406,986 
Fidelity Series Growth & Income Fund (a) 128,740,284 1,958,139,712 
Fidelity Series Growth Company Fund (a) 99,256,140 1,703,235,363 
Fidelity Series Intrinsic Opportunities Fund (a) 111,037,824 1,907,629,810 
Fidelity Series Opportunistic Insights Fund (a) 51,606,409 940,784,833 
Fidelity Series Real Estate Equity Fund (a) 13,045,379 168,415,844 
Fidelity Series Small Cap Discovery Fund (a) 20,884,915 250,618,985 
Fidelity Series Small Cap Opportunities Fund (a) 55,269,556 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund (a) 109,905,481 1,460,643,846 
Fidelity Series Value Discovery Fund (a) 74,958,702 1,005,945,781 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,325,393,148)  13,262,568,060 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 18,676,475 198,717,690 
Fidelity Series Emerging Markets Fund (a) 98,594,196 2,031,040,425 
Fidelity Series International Growth Fund (a) 122,638,260 1,948,721,951 
Fidelity Series International Small Cap Fund (a) 26,452,360 473,761,763 
Fidelity Series International Value Fund (a) 184,607,211 1,988,219,665 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,243,081,022)  6,640,461,494 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 13,801,206 144,360,611 
Fidelity Series Floating Rate High Income Fund (a) 5,029,440 47,729,389 
Fidelity Series High Income Fund (a) 31,460,072 306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,909,044 167,230,440 
Fidelity Series International Credit Fund (a) 966,922 9,717,570 
Fidelity Series Investment Grade Bond Fund (a) 8,930,985 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 39,190,102 344,480,997 
Fidelity Series Real Estate Income Fund (a) 8,765,882 97,914,903 
TOTAL BOND FUNDS   
(Cost $1,207,681,389)  1,219,179,058 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 172,634,935 172,634,935 
Fidelity Series Short-Term Credit Fund (a) 5,078,567 50,734,882 
TOTAL SHORT-TERM FUNDS   
(Cost $223,287,248)  223,369,817 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,999,442,807)  21,345,578,429 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,871,179) 
NET ASSETS - 100%  $21,333,707,250 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $157,353,366 $20,068,447 $7,972,064 $-- $513,868 $17,658,576  $446,539,376 
Fidelity Series 1000 Value Index Fund 191,170,503 26,255,270  7,352,788 -- 25,495 19,797,190  540,280,025 
Fidelity Series All-Sector Equity Fund 296,575,515 37,652,444  18,775,322 -- 305,502 33,817,057  834,344,401 
Fidelity Series Blue Chip Growth Fund 303,451,828 112,332,197 35,918,107 1,649,837  7,062,344 (32,057,731 ) 853,914,703 
Fidelity Series Canada Fund -- 112,542,030  557,772 -- 1,427 4,723,942  198,717,690 
Fidelity Series Commodity Strategy Fund 115,949,172 77,572,779  23,035,322 640,283 (1,199,202) (536,582 ) 419,406,986 
Fidelity Series Emerging Markets Debt Fund 51,381,271 8,226,756  1,535,506 1,779,220 (20,330) 708,518  144,360,611 
Fidelity Series Emerging Markets Fund 727,479,065 95,150,590  201,974,439 -- 11,431,327 99,093,026  2,031,040,425 
Fidelity Series Floating Rate High Income Fund 17,557,187 2,689,338  624,941  450,020 (8,552) (50,648 ) 47,729,389 
Fidelity Series Government Money Market Fund 1.09% 56,452,877 15,577,500  1,998,410 317,998 -- -- 172,634,935 
Fidelity Series Growth & Income Fund 509,763,605 285,830,023 (a) 24,404,265  2,944,146  (57,253) 67,461,207 1,958,139,712 
Fidelity Series Growth Company Fund 600,472,029 67,963,481 72,405,245 -- 23,562,991 91,749,400  1,703,235,363 
Fidelity Series High Income Fund 110,141,929 17,447,466 3,767,729 3,434,955 8,512 2,953,745  306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund 65,384,074 5,377,550  2,959,785  42,682 (31,233) (974,190 ) 167,230,440 
Fidelity Series International Credit Fund -- 3,616,415  45 -- -- (12,182 ) 9,717,570 
Fidelity Series International Growth Fund 686,373,633 89,432,506  99,413,926  -- 2,540,338 98,957,720  1,948,721,951 
Fidelity Series International Small Cap Fund 156,827,013 20,808,471  11,605,410  -- 826,971 28,225,343  473,761,763 
Fidelity Series International Value Fund 688,167,886 98,521,299  69,798,103  -- 141,355 104,555,074  1,988,219,665 
Fidelity Series Intrinsic Opportunities Fund 451,625,015 327,548,221 (a) 2,307,182 13,287,175 (6,477) 22,210,925  1,907,629,810 
Fidelity Series Investment Grade Bond Fund 31,065,292 11,482,102  1,836,647  496,726 6,849 (63,664 ) 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund 30,159 235,184,465  2,048,907 731,791 (17,648) (5,348,594 ) 344,480,997 
Fidelity Series Opportunistic Insights Fund 332,984,066 42,470,270 35,684,826 -- 6,482,021 45,685,637  940,784,833 
Fidelity Series Real Estate Equity Fund 60,193,847 13,514,848  2,347,976  541,555  (1,991) (1,562,903 ) 168,415,844 
Fidelity Series Real Estate Income Fund 34,859,596 6,855,141  1,185,902 935,133  4,180 153,943  97,914,903 
Fidelity Series Short-Term Credit Fund 18,743,753 2,516,694  695,388  168,919 (363) (56,684 ) 50,734,882 
Fidelity Series Small Cap Discovery Fund 89,631,440 11,551,085  3,436,609  404,042  14,184 12,790,343  250,618,985 
Fidelity Series Small Cap Opportunities Fund 270,216,572 91,265,040  10,334,488  1,433,916  (128,030) (12,767,861 ) 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund 516,075,449 73,091,638  19,782,016  -- 61,700 50,596,167  1,460,643,846 
Fidelity Series Value Discovery Fund 724,534,607 53,995,910 380,779,458(a) 5,814,090 34,705,461 (5,156,134 ) 1,005,945,781 
Total $7,264,460,749 $1,966,539,976 $1,044,538,578 $35,072,488 $86,223,446 $642,550,640  $21,345,578,429 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,999,442,807) — See accompanying schedule  $21,345,578,429 
Cash  16 
Receivable for investments sold  240,582 
Receivable for fund shares sold  60,311,653 
Total assets  21,406,130,680 
Liabilities   
Payable for investments purchased $13,747,670  
Payable for fund shares redeemed 46,802,133  
Accrued management fee 11,873,627  
Total liabilities  72,423,430 
Net Assets  $21,333,707,250 
Net Assets consist of:   
Paid in capital  $16,718,059,994 
Undistributed net investment income  10,488,031 
Accumulated undistributed net realized gain (loss) on investments  259,023,603 
Net unrealized appreciation (depreciation) on investments  4,346,135,622 
Net Assets  $21,333,707,250 
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($7,864,541,579 ÷ 750,772,549 shares)  $10.48 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,178,772,483 ÷ 1,257,433,086 shares)  $10.48 
Class K6:   
Net Asset Value, offering price and redemption price per share ($290,393,188 ÷ 27,709,216 shares)  $10.48 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $35,072,488 
Expenses   
Management fee $24,524,866  
Independent trustees' fees and expenses 13,711  
Total expenses before reductions 24,538,577  
Expense reductions (4,763) 24,533,814 
Net investment income (loss)  10,538,674 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 86,223,446  
Capital gain distributions from underlying funds 192,356,208  
Total net realized gain (loss)  278,579,654 
Change in net unrealized appreciation (depreciation) on underlying funds  642,550,640 
Net gain (loss)  921,130,294 
Net increase (decrease) in net assets resulting from operations  $931,668,968 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,538,674 $96,980,348 
Net realized gain (loss) 278,579,654 144,536,452 
Change in net unrealized appreciation (depreciation) 642,550,640 768,804,398 
Net increase (decrease) in net assets resulting from operations 931,668,968 1,010,321,198 
Distributions to shareholders from net investment income (3,727,463) (96,859,849) 
Distributions to shareholders from net realized gain (114,805,801) (178,085,083) 
Total distributions (118,533,264) (274,944,932) 
Share transactions - net increase (decrease) 13,256,112,838 140,516,333 
Total increase (decrease) in net assets 14,069,248,542 875,892,599 
Net Assets   
Beginning of period 7,264,458,708 6,388,566,109 
End of period $21,333,707,250 $7,264,458,708 
Other Information   
Undistributed net investment income end of period $10,488,031 $3,676,820 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2040 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $9.74 $8.75 $9.63 $9.62 $8.78 $8.15 
Income from Investment Operations       
Net investment income (loss)A B .13 .13 .15 .13 .14 
Net realized and unrealized gain (loss) .90 1.24 (.46) .57 1.17 .66 
Total from investment operations .90 1.37 (.33) .72 1.30 .80 
Distributions from net investment income (.01) (.13) (.14) (.16) (.13) (.15) 
Distributions from net realized gain (.15) (.24) (.41) (.55) (.33) (.02) 
Total distributions (.16) (.38)C (.55) (.71) (.46) (.17) 
Net asset value, end of period $10.48 $9.74 $8.75 $9.63 $9.62 $8.78 
Total ReturnD,E 9.33% 16.14% (3.62)% 7.86% 15.08% 9.94% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.07)%H 1.44% 1.47% 1.61% 1.40% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,864,542 $7,264,459 $6,388,566 $6,901,191 $7,016,128 $6,758,570 
Portfolio turnover rateF 26%H,J 15% 16% 17% 49% 33% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.38 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.244 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.25 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .20 
Total from investment operations .23 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,178,772 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.03 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 4.49% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .58%G 
Supplemental Data  
Net assets, end of period (000 omitted) $290,393 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 15,824,921 $262,218,944 
Fidelity Series 1000 Value Index Fund (a) 25,168,054 316,110,754 
Fidelity Series All-Sector Equity Fund (a) 36,586,872 489,166,476 
Fidelity Series Blue Chip Growth Fund (a) 37,811,178 500,619,999 
Fidelity Series Commodity Strategy Fund (a) 46,906,379 245,320,361 
Fidelity Series Growth & Income Fund (a) 75,302,215 1,145,346,684 
Fidelity Series Growth Company Fund (a) 58,138,885 997,663,275 
Fidelity Series Intrinsic Opportunities Fund (a) 64,887,494 1,114,767,147 
Fidelity Series Opportunistic Insights Fund (a) 30,248,518 551,430,481 
Fidelity Series Real Estate Equity Fund (a) 7,627,776 98,474,590 
Fidelity Series Small Cap Discovery Fund (a) 12,292,223 147,506,676 
Fidelity Series Small Cap Opportunities Fund (a) 32,372,486 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund (a) 64,191,572 853,105,990 
Fidelity Series Value Discovery Fund (a) 43,868,470 588,714,863 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,137,120,899)  7,763,013,595 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 10,927,622 116,269,903 
Fidelity Series Emerging Markets Fund (a) 57,715,454 1,188,938,353 
Fidelity Series International Growth Fund (a) 71,764,721 1,140,341,423 
Fidelity Series International Small Cap Fund (a) 15,479,910 277,245,194 
Fidelity Series International Value Fund (a) 108,121,099 1,164,464,232 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,105,221,356)  3,887,259,105 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 7,975,700 83,425,827 
Fidelity Series Floating Rate High Income Fund (a) 2,965,961 28,146,973 
Fidelity Series High Income Fund (a) 18,320,332 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund (a) 9,666,662 95,603,288 
Fidelity Series International Credit Fund (a) 579,768 5,826,665 
Fidelity Series Investment Grade Bond Fund (a) 5,226,191 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,985,978 202,046,743 
Fidelity Series Real Estate Income Fund (a) 5,039,902 56,295,707 
TOTAL BOND FUNDS   
(Cost $701,361,755)  709,076,661 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 101,949,693 101,949,693 
Fidelity Series Short-Term Credit Fund (a) 2,961,074 29,581,130 
TOTAL SHORT-TERM FUNDS   
(Cost $131,483,660)  131,530,823 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $10,075,187,670)  12,490,880,184 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (6,869,305) 
NET ASSETS - 100%  $12,484,010,879 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $75,910,943 $15,524,569 $4,575,896 $-- $59,827 $9,780,884 $262,218,944 
Fidelity Series 1000 Value Index Fund 91,992,048 19,528,867 4,136,527 -- 566 11,383,461 316,110,754 
Fidelity Series All-Sector Equity Fund 143,160,656 29,113,923 10,579,518 -- 145,430 18,197,132 489,166,476 
Fidelity Series Blue Chip Growth Fund 146,065,471 73,063,984 18,563,103 965,380 2,920,088 (21,067,499) 500,619,999 
Fidelity Series Canada Fund -- 61,535,924 303,806 -- 843 2,654,351 116,269,903 
Fidelity Series Commodity Strategy Fund 57,174,624 32,615,921 2,597,468 373,800 (3,989) (1,122,435) 245,320,361 
Fidelity Series Emerging Markets Debt Fund 24,524,403 5,720,470 861,336 882,902 (2,456) 259,605 83,425,827 
Fidelity Series Emerging Markets Fund 350,211,750 72,670,439 114,595,361 -- 5,578,476 48,013,874 1,188,938,353 
Fidelity Series Floating Rate High Income Fund 8,373,059 1,952,667 351,830 224,557 (12,022) (16,789) 28,146,973 
Fidelity Series Government Money Market Fund 1.09% 27,106,980 10,126,396 1,134,308 164,845 -- -- 101,949,693 
Fidelity Series Growth & Income Fund 245,345,533 162,385,118(a) 13,692,503 1,428,780 (70,874) 39,997,159 1,145,346,684 
Fidelity Series Growth Company Fund 287,954,017 49,990,692 30,835,241 -- 8,315,631 50,655,647 997,663,275 
Fidelity Series High Income Fund 52,683,359 12,436,997 2,118,931 1,711,089 7,137 1,634,471 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund 30,442,561 5,275,619 1,131,698 21,029 (4,577) (636,851) 95,603,288 
Fidelity Series International Credit Fund -- 1,831,987 54 -- -- (10,669) 5,826,665 
Fidelity Series International Growth Fund 330,326,316 68,184,653 53,684,155 -- 978,354 49,849,064 1,140,341,423 
Fidelity Series International Small Cap Fund 75,475,113 15,991,173 6,048,968 -- 343,000 14,258,130 277,245,194 
Fidelity Series International Value Fund 331,188,904 73,252,616 37,429,922 -- (33,346) 55,510,949 1,164,464,232 
Fidelity Series Intrinsic Opportunities Fund 217,564,424 186,038,547(a) 1,180,175 7,751,637 18,709 8,878,747 1,114,767,147 
Fidelity Series Investment Grade Bond Fund 15,221,209 6,596,393 993,434 250,430 (302) (101,500) 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund 15,326 132,127,369 948,655 380,584 (8,089) (3,350,717) 202,046,743 
Fidelity Series Opportunistic Insights Fund 160,281,094 32,888,902 18,540,631 -- 1,861,676 25,067,641 551,430,481 
Fidelity Series Real Estate Equity Fund 29,201,655 8,835,464 1,320,435 270,487 404 (935,695) 98,474,590 
Fidelity Series Real Estate Income Fund 16,661,979 4,749,877 666,290 462,005 (3,211) 62,150 56,295,707 
Fidelity Series Short-Term Credit Fund 8,971,211 1,910,121 391,720 84,627 (146) (42,382) 29,581,130 
Fidelity Series Small Cap Discovery Fund 43,182,271 8,881,763 1,934,578 195,855 9,642 7,679,804 147,506,676 
Fidelity Series Small Cap Opportunities Fund 130,040,169 59,288,923 5,814,805 838,254 (74,040) (7,487,537) 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund 248,384,564 53,318,083 11,127,391 -- 69,299 28,991,227 853,105,990 
Fidelity Series Value Discovery Fund 348,724,861 40,767,058 186,528,060(a) 2,807,877 13,434,268 3,929,915 588,714,863 
Total $3,496,184,500 $1,246,604,515 $532,086,799 $18,814,138 $33,530,298 $342,032,137 $12,490,880,184 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $10,075,187,670) — See accompanying schedule  $12,490,880,184 
Cash  20 
Receivable for investments sold  149,235 
Receivable for fund shares sold  26,128,182 
Total assets  12,517,157,621 
Liabilities   
Payable for investments purchased $15,304,485  
Payable for fund shares redeemed 10,972,835  
Accrued management fee 6,869,422  
Total liabilities  33,146,742 
Net Assets  $12,484,010,879 
Net Assets consist of:   
Paid in capital  $9,931,266,174 
Undistributed net investment income  5,850,931 
Accumulated undistributed net realized gain (loss) on investments  131,201,260 
Net unrealized appreciation (depreciation) on investments  2,415,692,514 
Net Assets  $12,484,010,879 
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($3,868,175,971 ÷ 326,577,664 shares)  $11.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($8,453,836,734 ÷ 713,576,844 shares)  $11.85 
Class K6:   
Net Asset Value, offering price and redemption price per share ($161,998,174 ÷ 13,671,032 shares)  $11.85 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $18,814,138 
Expenses   
Management fee $12,762,851  
Independent trustees' fees and expenses 6,641  
Total expenses before reductions 12,769,492  
Expense reductions (2,292) 12,767,200 
Net investment income (loss)  6,046,938 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 33,530,298  
Capital gain distributions from underlying funds 110,645,377  
Total net realized gain (loss)  144,175,675 
Change in net unrealized appreciation (depreciation) on underlying funds  342,032,137 
Net gain (loss)  486,207,812 
Net increase (decrease) in net assets resulting from operations  $492,254,750 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,046,938 $45,505,718 
Net realized gain (loss) 144,175,675 70,221,421 
Change in net unrealized appreciation (depreciation) 342,032,137 358,042,833 
Net increase (decrease) in net assets resulting from operations 492,254,750 473,769,972 
Distributions to shareholders from net investment income (1,914,156) (45,424,022) 
Distributions to shareholders from net realized gain (50,405,841) (83,790,283) 
Total distributions (52,319,997) (129,214,305) 
Share transactions - net increase (decrease) 8,547,892,172 238,655,834 
Total increase (decrease) in net assets 8,987,826,925 583,211,501 
Net Assets   
Beginning of period 3,496,183,954 2,912,972,453 
End of period $12,484,010,879 $3,496,183,954 
Other Information   
Undistributed net investment income end of period $5,850,931 $1,718,149 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2045 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.00 $9.89 $10.84 $11.09 $10.42 $9.65 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .17 
Net realized and unrealized gain (loss) 1.01 1.39 (.52) .64 1.39 .79 
Total from investment operations 1.00 1.54 (.37) .81 1.54 .96 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.43) (.89) (.72) (.02) 
Total distributions (.16)B (.43) (.58)C (1.06)D (.87) (.19) 
Net asset value, end of period $11.84 $11.00 $9.89 $10.84 $11.09 $10.42 
Total ReturnE,F 9.22% 16.08% (3.59)% 7.93% 15.38% 10.14% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .51%I - %J - %J - %J - %J - %J 
Expenses net of fee waivers, if any .51%I -% -% -% -% -% 
Expenses net of all reductions .51%I -% -% -% -% -% 
Net investment income (loss) (.10)%I 1.45% 1.48% 1.62% 1.42% 1.75% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,868,176 $3,496,184 $2,912,972 $2,993,926 $2,885,106 $2,480,465 
Portfolio turnover rateG 26%I,K 15% 17% 21% 53% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.158 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.427 per share.

 D Total distributions of $1.06 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.886 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized

 J Amount represents less than .005%.

 K The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.59 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $8,453,837 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.34 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 4.50% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $161,998 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 9.0 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 13,194,889 $218,639,307 
Fidelity Series 1000 Value Index Fund (a) 21,037,705 264,233,573 
Fidelity Series All-Sector Equity Fund (a) 30,556,373 408,538,710 
Fidelity Series Blue Chip Growth Fund (a) 31,579,785 418,116,349 
Fidelity Series Commodity Strategy Fund (a) 39,251,020 205,282,834 
Fidelity Series Growth & Income Fund (a) 63,008,121 958,353,519 
Fidelity Series Growth Company Fund (a) 48,600,881 833,991,113 
Fidelity Series Intrinsic Opportunities Fund (a) 54,603,690 938,091,395 
Fidelity Series Opportunistic Insights Fund (a) 25,266,629 460,610,651 
Fidelity Series Real Estate Equity Fund (a) 6,364,761 82,169,066 
Fidelity Series Small Cap Discovery Fund (a) 10,236,031 122,832,369 
Fidelity Series Small Cap Opportunities Fund (a) 27,035,045 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 53,736,884 714,163,189 
Fidelity Series Value Discovery Fund (a) 36,646,359 491,794,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,148,727,253)  6,494,766,130 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 9,142,401 97,275,145 
Fidelity Series Emerging Markets Fund (a) 48,291,266 994,800,073 
Fidelity Series International Growth Fund (a) 60,659,120 963,873,414 
Fidelity Series International Small Cap Fund (a) 12,952,376 231,977,054 
Fidelity Series International Value Fund (a) 89,553,646 964,492,768 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,600,154,410)  3,252,418,454 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 6,663,727 69,702,580 
Fidelity Series Floating Rate High Income Fund (a) 2,498,615 23,711,860 
Fidelity Series High Income Fund (a) 15,317,454 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund (a) 8,038,454 79,500,314 
Fidelity Series International Credit Fund (a) 487,949 4,903,889 
Fidelity Series Investment Grade Bond Fund (a) 4,373,641 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 19,241,832 169,135,703 
Fidelity Series Real Estate Income Fund (a) 4,214,266 47,073,355 
TOTAL BOND FUNDS   
(Cost $587,050,259)  592,838,749 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 85,557,687 85,557,687 
Fidelity Series Short-Term Credit Fund (a) 2,475,825 24,733,489 
TOTAL SHORT-TERM FUNDS   
(Cost $110,250,251)  110,291,176 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $8,446,182,173)  10,450,314,509 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (5,750,134) 
NET ASSETS - 100%  $10,444,564,375 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $62,638,976 $12,282,357 $3,783,364 $-- $34,519 $8,139,096 $218,639,307 
Fidelity Series 1000 Value Index Fund 75,814,592 15,531,621 3,400,562 -- 2,971 9,502,464 264,233,573 
Fidelity Series All-Sector Equity Fund 118,131,044 23,048,673 8,776,540 -- 101,928 15,150,411 408,538,710 
Fidelity Series Blue Chip Growth Fund 120,528,023 59,680,665 15,381,631 805,607 2,207,328 (17,484,005) 418,116,349 
Fidelity Series Canada Fund -- 50,850,109 276,844 -- 594 2,215,194 97,275,145 
Fidelity Series Commodity Strategy Fund 47,433,910 26,121,015 2,126,321 312,526 (4,679) (936,150) 205,282,834 
Fidelity Series Emerging Markets Debt Fund 20,222,367 4,523,355 711,950 729,494 8,926 196,724 69,702,580 
Fidelity Series Emerging Markets Fund 288,955,854 56,574,977 95,045,263 -- 5,138,809 39,119,867 994,800,073 
Fidelity Series Floating Rate High Income Fund 6,949,953 1,558,126 289,928 186,842 (3,634) (20,130) 23,711,860 
Fidelity Series Government Money Market Fund 1.09% 22,353,640 8,246,193 944,372 133,767 -- -- 85,557,687 
Fidelity Series Growth & Income Fund 202,356,403 131,379,387(a) 10,973,399 1,182,460 (49,312) 33,506,253 958,353,519 
Fidelity Series Growth Company Fund 237,459,962 38,340,093 24,465,424 -- 6,115,700 42,748,239 833,991,113 
Fidelity Series High Income Fund 43,407,771 9,901,489 1,747,123 1,413,369 5,414 1,363,970 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund 24,822,064 4,444,949 932,092 17,286 (2,451) (533,869) 79,500,314 
Fidelity Series International Credit Fund -- 1,535,600 29 -- -- (9,042) 4,903,889 
Fidelity Series International Growth Fund 272,563,530 53,444,391 34,372,528 -- 613,646 41,422,447 963,873,414 
Fidelity Series International Small Cap Fund 62,277,109 12,597,480 4,978,948 -- 274,164 11,800,905 231,977,054 
Fidelity Series International Value Fund 273,275,108 57,754,520 40,352,377 -- (203,081) 46,132,200 964,492,768 
Fidelity Series Intrinsic Opportunities Fund 180,016,043 151,326,605(a) 1,132,968 6,517,021 18,524 7,207,931 938,091,395 
Fidelity Series Investment Grade Bond Fund 12,708,969 5,171,238 819,573 207,740 (1,904) (85,868) 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund 12,932 109,848,564 719,576 318,403 (6,383) (2,820,811) 169,135,703 
Fidelity Series Opportunistic Insights Fund 132,258,253 26,029,887 15,361,707 -- 1,357,652 20,979,842 460,610,651 
Fidelity Series Real Estate Equity Fund 24,159,960 7,017,073 1,085,813 221,767 (3,879) (768,790) 82,169,066 
Fidelity Series Real Estate Income Fund 13,720,923 3,813,337 550,271 378,017 (856) 53,567 47,073,355 
Fidelity Series Short-Term Credit Fund 7,399,416 1,523,960 322,501 70,011 (95) (35,867) 24,733,489 
Fidelity Series Small Cap Discovery Fund 35,628,306 7,041,529 1,588,083 161,670 1,067 6,405,605 122,832,369 
Fidelity Series Small Cap Opportunities Fund 107,210,344 48,367,869 4,778,945 699,459 (67,524) (6,235,610) 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund 204,864,144 42,067,402 9,149,875 -- 88,713 24,218,430 714,163,189 
Fidelity Series Value Discovery Fund 287,661,234 33,066,268 154,494,028(a) 2,321,098 10,916,415 3,593,354 491,794,132 
Total $2,884,830,830 $1,003,088,732 $438,562,035 $15,676,537 $26,542,572 $284,826,357 $10,450,314,509 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,446,182,173) — See accompanying schedule  $10,450,314,509 
Cash  
Receivable for investments sold  103,924 
Receivable for fund shares sold  32,206,962 
Total assets  10,482,625,397 
Liabilities   
Payable for investments purchased $15,053,079  
Payable for fund shares redeemed 17,253,958  
Accrued management fee 5,753,985  
Total liabilities  38,061,022 
Net Assets  $10,444,564,375 
Net Assets consist of:   
Paid in capital  $8,326,774,806 
Undistributed net investment income  4,995,384 
Accumulated undistributed net realized gain (loss) on investments  108,661,849 
Net unrealized appreciation (depreciation) on investments  2,004,132,336 
Net Assets  $10,444,564,375 
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($3,198,263,270 ÷ 268,584,185 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,126,047,761 ÷ 598,418,626 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($120,253,344 ÷ 10,094,895 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $15,676,537 
Expenses   
Management fee $10,595,742  
Independent trustees' fees and expenses 5,482  
Total expenses before reductions 10,601,224  
Expense reductions (1,891) 10,599,333 
Net investment income (loss)  5,077,204 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 26,542,572  
Capital gain distributions from underlying funds 92,403,402  
Total net realized gain (loss)  118,945,974 
Change in net unrealized appreciation (depreciation) on underlying funds  284,826,357 
Net gain (loss)  403,772,331 
Net increase (decrease) in net assets resulting from operations  $408,849,535 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,077,204 $37,285,493 
Net realized gain (loss) 118,945,974 56,748,247 
Change in net unrealized appreciation (depreciation) 284,826,357 294,641,485 
Net increase (decrease) in net assets resulting from operations 408,849,535 388,675,225 
Distributions to shareholders from net investment income (1,573,575) (36,871,772) 
Distributions to shareholders from net realized gain (40,897,550) (67,884,342) 
Total distributions (42,471,125) (104,756,114) 
Share transactions - net increase (decrease) 7,193,355,581 237,530,130 
Total increase (decrease) in net assets 7,559,733,991 521,449,241 
Net Assets   
Beginning of period 2,884,830,384 2,363,381,143 
End of period $10,444,564,375 $2,884,830,384 
Other Information   
Undistributed net investment income end of period $4,995,384 $1,491,755 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2050 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.05 $9.93 $10.90 $11.15 $10.28 $9.51 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .16 
Net realized and unrealized gain (loss) 1.03 1.40 (.52) .65 1.41 .79 
Total from investment operations 1.02 1.55 (.37) .82 1.56 .95 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.44) (.89) (.54) (.02) 
Total distributions (.16)B (.43) (.60) (1.07) (.69) (.18)C 
Net asset value, end of period $11.91 $11.05 $9.93 $10.90 $11.15 $10.28 
Total ReturnD,E 9.34% 16.11% (3.65)% 7.91% 15.53% 10.18% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) (.10)%H 1.45% 1.49% 1.62% 1.41% 1.71% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,198,263 $2,884,830 $2,363,381 $2,375,308 $2,297,832 $2,069,745 
Portfolio turnover rateF 26%H,J 15% 17% 23% 57% 44% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.156 per share.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.167 and distributions from net realized gain of $.016 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.55%G 
Supplemental Data  
Net assets, end of period (000 omitted) $7,126,048 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $120,253 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Growth Fund 9.3 9.4 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 4,820,754 $79,879,889 
Fidelity Series 1000 Value Index Fund (a) 7,694,094 96,637,819 
Fidelity Series All-Sector Equity Fund (a) 11,158,425 149,188,136 
Fidelity Series Blue Chip Growth Fund (a) 11,532,238 152,686,832 
Fidelity Series Commodity Strategy Fund (a) 14,309,370 74,838,008 
Fidelity Series Growth & Income Fund (a) 23,001,679 349,855,533 
Fidelity Series Growth Company Fund (a) 17,730,994 304,263,854 
Fidelity Series Intrinsic Opportunities Fund (a) 19,719,876 338,787,461 
Fidelity Series Opportunistic Insights Fund (a) 9,225,596 168,182,611 
Fidelity Series Real Estate Equity Fund (a) 2,338,460 30,189,516 
Fidelity Series Small Cap Discovery Fund (a) 3,750,399 45,004,794 
Fidelity Series Small Cap Opportunities Fund (a) 9,888,231 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund (a) 19,641,936 261,041,325 
Fidelity Series Value Discovery Fund (a) 13,419,371 180,087,962 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,036,471,704)  2,368,881,207 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 3,333,695 35,470,518 
Fidelity Series Emerging Markets Fund (a) 17,616,212 362,893,972 
Fidelity Series International Growth Fund (a) 22,134,998 351,725,112 
Fidelity Series International Small Cap Fund (a) 4,725,848 84,639,931 
Fidelity Series International Value Fund (a) 32,655,536 351,700,125 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,004,313,811)  1,186,429,658 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 2,369,281 24,782,682 
Fidelity Series Floating Rate High Income Fund (a) 923,215 8,761,308 
Fidelity Series High Income Fund (a) 5,590,770 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,854,465 28,230,654 
Fidelity Series International Credit Fund (a) 164,923 1,657,481 
Fidelity Series Investment Grade Bond Fund (a) 1,595,553 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,033,790 61,827,018 
Fidelity Series Real Estate Income Fund (a) 1,546,605 17,275,577 
TOTAL BOND FUNDS   
(Cost $212,813,460)  215,090,427 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 31,734,244 31,734,244 
Fidelity Series Short-Term Credit Fund (a) 887,316 8,864,288 
TOTAL SHORT-TERM FUNDS   
(Cost $40,584,864)  40,598,532 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $3,294,183,839)  3,810,999,824 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,066,170) 
NET ASSETS - 100%  $3,808,933,654 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $20,033,106 $6,773,756 $1,203,986 $-- $549 $2,852,860 $79,879,889 
Fidelity Series 1000 Value Index Fund 24,255,513 8,292,616 859,745 -- (861) 3,419,185 96,637,819 
Fidelity Series All-Sector Equity Fund 37,780,585 12,717,461 2,766,774 -- (27,018) 5,330,484 149,188,136 
Fidelity Series Blue Chip Growth Fund 38,547,010 26,122,634 4,952,444 291,927 244,136 (6,265,142) 152,686,832 
Fidelity Series Canada Fund -- 18,499,468 47,314 -- (126) 794,182 35,470,518 
Fidelity Series Commodity Strategy Fund 15,750,440 10,434,694 545,402 113,080 (6,060) (343,122) 74,838,008 
Fidelity Series Emerging Markets Debt Fund 6,351,178 2,234,903 181,029 240,218 2,412 54,726 24,782,682 
Fidelity Series Emerging Markets Fund 92,291,452 30,325,461 31,985,843 -- 799,138 13,797,875 362,893,972 
Fidelity Series Floating Rate High Income Fund 2,277,567 821,013 73,614 64,548 (320) (7,988) 8,761,308 
Fidelity Series Government Money Market Fund 1.09% 7,128,818 3,968,860 243,531 46,022 -- -- 31,734,244 
Fidelity Series Growth & Income Fund 64,757,517 54,481,112(a) 3,076,635 389,581 (11,267) 12,133,704 349,855,533 
Fidelity Series Growth Company Fund 75,561,673 19,733,140 3,946,656 -- 180,471 16,260,914 304,263,854 
Fidelity Series High Income Fund 13,866,939 5,124,786 444,105 476,917 2,052 480,862 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund 7,439,777 2,442,490 236,532 5,617 613 (200,281) 28,230,654 
Fidelity Series International Credit Fund -- 522,470 12 -- -- (3,022) 1,657,481 
Fidelity Series International Growth Fund 87,135,142 29,062,848 10,441,328 -- 227,003 13,822,692 351,725,112 
Fidelity Series International Small Cap Fund 19,909,249 6,898,800 1,426,222 -- 69,217 3,979,314 84,639,931 
Fidelity Series International Value Fund 87,362,038 30,607,178 13,204,306 -- 52,105 15,786,113 351,700,125 
Fidelity Series Intrinsic Opportunities Fund 58,119,244 60,605,986(a) 358,817 2,339,436 (1,814) 2,143,625 338,787,461 
Fidelity Series Investment Grade Bond Fund 4,305,047 2,084,346 254,401 71,208 (587) (37,446) 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund 4,445 39,936,618 168,027 110,999 (959) (1,044,150) 61,827,018 
Fidelity Series Opportunistic Insights Fund 42,298,882 14,342,523 4,905,731 -- 176,551 7,422,789 168,182,611 
Fidelity Series Real Estate Equity Fund 7,780,471 3,418,595 318,532 76,043 (9,248) (283,484) 30,189,516 
Fidelity Series Real Estate Income Fund 4,370,535 1,906,144 140,182 128,506 559 10,319 17,275,577 
Fidelity Series Short-Term Credit Fund 2,301,275 836,350 81,737 23,156 120 (14,087) 8,864,288 
Fidelity Series Small Cap Discovery Fund 11,402,903 3,866,105 506,399 53,223 (1,347) 2,345,546 45,004,794 
Fidelity Series Small Cap Opportunities Fund 34,103,264 21,430,438 1,207,900 253,866 (8,839) (2,265,854) 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund 65,335,056 22,780,771 2,313,289 -- (17,198) 8,762,307 261,041,325 
Fidelity Series Value Discovery Fund 91,815,328 18,042,088 50,047,988(a) 757,944 2,761,314 2,502,843 180,087,962 
Total $922,284,454 $458,313,654 $135,938,481 $5,442,291 $4,430,596 $101,435,764 $3,810,999,824 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,294,183,839) — See accompanying schedule  $3,810,999,824 
Receivable for investments sold  5,791 
Receivable for fund shares sold  13,893,189 
Total assets  3,824,898,804 
Liabilities   
Payable for investments purchased $10,813,212  
Payable for fund shares redeemed 3,089,347  
Accrued management fee 2,062,591  
Total liabilities  15,965,150 
Net Assets  $3,808,933,654 
Net Assets consist of:   
Paid in capital  $3,257,624,672 
Undistributed net investment income  1,713,090 
Accumulated undistributed net realized gain (loss) on investments  32,779,907 
Net unrealized appreciation (depreciation) on investments  516,815,985 
Net Assets  $3,808,933,654 
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,101,424,421 ÷ 82,197,274 shares)  $13.40 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,656,024,805 ÷ 198,110,607 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($51,484,428 ÷ 3,840,166 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,442,291 
Expenses   
Management fee $3,658,260  
Independent trustees' fees and expenses 1,796  
Total expenses before reductions 3,660,056  
Expense reductions (605) 3,659,451 
Net investment income (loss)  1,782,840 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 4,430,596  
Capital gain distributions from underlying funds 33,251,525  
Total net realized gain (loss)  37,682,121 
Change in net unrealized appreciation (depreciation) on underlying funds  101,435,764 
Net gain (loss)  139,117,885 
Net increase (decrease) in net assets resulting from operations  $140,900,725 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,782,840 $11,233,935 
Net realized gain (loss) 37,682,121 11,661,308 
Change in net unrealized appreciation (depreciation) 101,435,764 93,927,353 
Net increase (decrease) in net assets resulting from operations 140,900,725 116,822,596 
Distributions to shareholders from net investment income (530,888) (11,091,790) 
Distributions to shareholders from net realized gain (10,617,722) (15,197,673) 
Total distributions (11,148,610) (26,289,463) 
Share transactions - net increase (decrease) 2,756,897,234 182,129,905 
Total increase (decrease) in net assets 2,886,649,349 272,663,038 
Net Assets   
Beginning of period 922,284,305 649,621,267 
End of period $3,808,933,654 $922,284,305 
Other Information   
Undistributed net investment income end of period $1,713,090 $461,138 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2055 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.41 $11.08 $12.06 $11.73 $10.56 $9.77 
Income from Investment Operations       
Net investment income (loss)A .01 .17 .17 .19 .16 .20 
Net realized and unrealized gain (loss) 1.13 1.57 (.59) .72 1.51 .80 
Total from investment operations 1.14 1.74 (.42) .91 1.67 1.00 
Distributions from net investment income (.01) (.16) (.17) (.18) (.14) (.14) 
Distributions from net realized gain (.14) (.25) (.39) (.39) (.36) (.06) 
Total distributions (.15) (.41) (.56) (.58)B (.50) (.21)C 
Net asset value, end of period $13.40 $12.41 $11.08 $12.06 $11.73 $10.56 
Total ReturnD,E 9.24% 16.17% (3.69)% 7.98% 16.00% 10.39% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) .15%H 1.46% 1.51% 1.64% 1.40% 1.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,101,424 $922,284 $649,621 $527,231 $350,647 $155,142 
Portfolio turnover rateF 25%H,J 18% 20% 21% 47% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of .58 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.394 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.064 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.11 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .28 
Total from investment operations .30 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.29% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) .64%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,656,025 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.83 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .56 
Total from investment operations .58 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 4.52% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $51,484 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.4 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.5 
Fidelity Series Growth Company Fund 8.0 7.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.8 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.1% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 716,690 $11,875,550 
Fidelity Series 1000 Value Index Fund (a) 1,146,318 14,397,760 
Fidelity Series All-Sector Equity Fund (a) 1,661,654 22,216,310 
Fidelity Series Blue Chip Growth Fund (a) 1,717,008 22,733,186 
Fidelity Series Commodity Strategy Fund (a) 2,133,067 11,155,940 
Fidelity Series Growth & Income Fund (a) 3,422,682 52,058,995 
Fidelity Series Growth Company Fund (a) 2,634,983 45,216,308 
Fidelity Series Intrinsic Opportunities Fund (a) 2,956,620 50,794,737 
Fidelity Series Opportunistic Insights Fund (a) 1,373,410 25,037,262 
Fidelity Series Real Estate Equity Fund (a) 347,002 4,479,799 
Fidelity Series Small Cap Discovery Fund (a) 557,266 6,687,194 
Fidelity Series Small Cap Opportunities Fund (a) 1,475,430 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund (a) 2,919,085 38,794,636 
Fidelity Series Value Discovery Fund (a) 2,015,970 27,054,319 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $319,390,268)  353,128,514 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 496,709 5,284,980 
Fidelity Series Emerging Markets Fund (a) 2,625,559 54,086,525 
Fidelity Series International Growth Fund (a) 3,262,803 51,845,943 
Fidelity Series International Small Cap Fund (a) 705,327 12,632,405 
Fidelity Series International Value Fund (a) 4,919,757 52,985,787 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $151,800,814)  176,835,640 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 333,953 3,493,150 
Fidelity Series Floating Rate High Income Fund (a) 135,929 1,289,963 
Fidelity Series High Income Fund (a) 833,478 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund (a) 428,194 4,234,840 
Fidelity Series International Credit Fund (a) 24,159 242,794 
Fidelity Series Investment Grade Bond Fund (a) 238,771 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,048,994 9,220,655 
Fidelity Series Real Estate Income Fund (a) 229,627 2,564,932 
TOTAL BOND FUNDS   
(Cost $31,230,028)  31,873,245 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 4,742,579 4,742,579 
Fidelity Series Short-Term Credit Fund (a) 136,950 1,368,131 
TOTAL SHORT-TERM FUNDS   
(Cost $6,109,168)  6,110,710 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $508,530,278)  567,948,109 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (303,713) 
NET ASSETS - 100%  $567,644,396 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $2,525,417 $1,827,785 $197,745 $-- $1,431 $411,346 $11,875,550 
Fidelity Series 1000 Value Index Fund 3,069,993 2,232,285 165,576 -- (697) 499,116 14,397,760 
Fidelity Series All-Sector Equity Fund 4,762,745 3,440,290 433,862 -- 4,411 759,105 22,216,310 
Fidelity Series Blue Chip Growth Fund 4,859,349 5,421,507 714,997 42,757 1,586 (921,949) 22,733,186 
Fidelity Series Canada Fund -- 2,854,967 3,071 -- (14) 117,921 5,284,980 
Fidelity Series Commodity Strategy Fund 1,964,660 2,227,062 54,186 16,582 (427) (40,531) 11,155,940 
Fidelity Series Emerging Markets Debt Fund 762,854 543,708 17,534 32,662 128 7,184 3,493,150 
Fidelity Series Emerging Markets Fund 11,652,982 7,695,526 4,030,300 -- 33,600 2,024,802 54,086,525 
Fidelity Series Floating Rate High Income Fund 280,209 213,477 7,163 9,127 37 (1,263) 1,289,963 
Fidelity Series Government Money Market Fund 1.09% 921,937 855,542 23,983 6,774 -- -- 4,742,579 
Fidelity Series Growth & Income Fund 8,185,945 11,165,649(a) 587,509 55,146 (2,508) 1,761,391 52,058,995 
Fidelity Series Growth Company Fund 9,226,869 6,114,410 263,706 -- 9,105 2,210,830 45,216,308 
Fidelity Series High Income Fund 1,737,800 1,311,129 43,242 68,102 290 68,818 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund 936,424 658,241 23,070 828 104 (29,294) 4,234,840 
Fidelity Series International Credit Fund -- 79,514 -- -- -- (413) 242,794 
Fidelity Series International Growth Fund 10,972,971 7,741,787 1,866,233 -- 31,035 1,920,332 51,845,943 
Fidelity Series International Small Cap Fund 2,507,199 1,836,581 157,567 -- 7,898 558,512 12,632,405 
Fidelity Series International Value Fund 11,001,344 8,012,108 1,218,589 -- 16,701 2,245,089 52,985,787 
Fidelity Series Intrinsic Opportunities Fund 7,535,524 11,974,736(a) 280,851 345,381 (676) 290,690 50,794,737 
Fidelity Series Investment Grade Bond Fund 520,788 515,258 36,788 10,175 243 (6,624) 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund 370 6,089,525 15,206 16,281 (32) (152,235) 9,220,655 
Fidelity Series Opportunistic Insights Fund 5,332,374 3,863,975 726,912 -- 3,021 1,076,080 25,037,262 
Fidelity Series Real Estate Equity Fund 988,977 817,012 62,493 11,178 (4,040) (41,399) 4,479,799 
Fidelity Series Real Estate Income Fund 550,371 449,660 13,625 18,718 28 280 2,564,932 
Fidelity Series Short-Term Credit Fund 297,090 228,344 7,947 3,466 (2,195) 1,368,131 
Fidelity Series Small Cap Discovery Fund 1,441,817 1,046,298 102,260 7,476 (214) 341,552 6,687,194 
Fidelity Series Small Cap Opportunities Fund 4,306,667 4,559,614 208,441 37,264 (131) (324,286) 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund 8,247,099 5,984,437 375,136 -- (883) 1,278,097 38,794,636 
Fidelity Series Value Discovery Fund 11,565,215 4,968,308 6,759,113(a) 105,468 134,204 640,618 27,054,319 
Total $116,154,990 $104,728,735 $18,397,105 $787,385 $234,209 $14,691,574 $567,948,109 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $508,530,278) — See accompanying schedule  $567,948,109 
Cash  
Receivable for fund shares sold  3,742,930 
Total assets  571,691,045 
Liabilities   
Payable for investments purchased $3,336,577  
Payable for fund shares redeemed 406,680  
Accrued management fee 303,392  
Total liabilities  4,046,649 
Net Assets  $567,644,396 
Net Assets consist of:   
Paid in capital  $503,252,558 
Undistributed net investment income  251,669 
Accumulated undistributed net realized gain (loss) on investments  4,722,338 
Net unrealized appreciation (depreciation) on investments  59,417,831 
Net Assets  $567,644,396 
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($172,758,482 ÷ 14,509,360 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($385,223,899 ÷ 32,348,653 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($9,662,015 ÷ 811,056 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $787,385 
Expenses   
Management fee $535,309  
Independent trustees' fees and expenses 245  
Total expenses before reductions 535,554  
Expense reductions (75) 535,479 
Net investment income (loss)  251,906 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 234,209  
Capital gain distributions from underlying funds 4,889,391  
Total net realized gain (loss)  5,123,600 
Change in net unrealized appreciation (depreciation) on underlying funds  14,691,574 
Net gain (loss)  19,815,174 
Net increase (decrease) in net assets resulting from operations  $20,067,080 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $251,906 $1,154,087 
Net realized gain (loss) 5,123,600 1,463,110 
Change in net unrealized appreciation (depreciation) 14,691,574 9,155,957 
Net increase (decrease) in net assets resulting from operations 20,067,080 11,773,154 
Distributions to shareholders from net investment income (57,327) (1,119,481) 
Distributions to shareholders from net realized gain (1,284,107) (924,001) 
Total distributions (1,341,434) (2,043,482) 
Share transactions - net increase (decrease) 432,763,762 59,406,386 
Total increase (decrease) in net assets 451,489,408 69,136,058 
Net Assets   
Beginning of period 116,154,988 47,018,930 
End of period $567,644,396 $116,154,988 
Other Information   
Undistributed net investment income end of period $251,669 $57,090 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2060 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015A 
Selected Per–Share Data     
Net asset value, beginning of period $11.01 $9.78 $10.45 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.01) .16 .16 .10 
Net realized and unrealized gain (loss) 1.03 1.37 (.53) .52 
Total from investment operations 1.02 1.53 (.37) .62 
Distributions from net investment income (.01) (.13) (.12) (.10) 
Distributions from net realized gain (.11) (.17) (.17) (.07) 
Total distributions (.12) (.30) (.30)C (.17) 
Net asset value, end of period $11.91 $11.01 $9.78 $10.45 
Total ReturnD,E 9.30% 16.01% (3.67)% 6.22% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .53%H - %I - %I - %H,I 
Expenses net of fee waivers, if any .53%H -% -% - %H 
Expenses net of all reductions .53%H -% -% - %H 
Net investment income (loss) (.11)%H 1.54% 1.67% 1.54%H 
Supplemental Data     
Net assets, end of period (000 omitted) $172,758 $116,155 $47,019 $8,968 
Portfolio turnover rateF 23%H,J 21% 31% 28%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.30 per share is comprised of distributions from net investment income of $.121 and distributions from net realized gain of $.174 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.44%G 
Supplemental Data  
Net assets, end of period (000 omitted) $385,224 
Portfolio turnover rateE 23%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $9,662 
Portfolio turnover rateE 23%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

Fidelity Freedom Income Fund, Fidelity Freedom 2005 Fund, Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund and Fidelity Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. Each Fund offers Fidelity Freedom, Class K and Class K6 shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund commenced sale of Class K and Class K6 shares on July 20, 2017 and June 7, 2017, respectively. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Series Equity-Income Fund to Fidelity Series Value Discovery Fund.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for Fidelity Freedom 2010 Fund, Fidelity Freedom 2020 Fund and Fidelity Freedom 2030 Fund, independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds, deferred trustees compensation and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Income Fund $3,509,154,457 $315,867,892 $(27,546,433) $288,321,459 
Fidelity Freedom 2005 Fund 947,189,030 91,280,373 (12,123,688) 79,156,685 
Fidelity Freedom 2010 Fund 6,034,606,035 821,208,345 (63,827,843) 757,380,502 
Fidelity Freedom 2015 Fund 8,950,334,565 1,532,474,549 (69,250,186) 1,463,224,363 
Fidelity Freedom 2020 Fund 25,545,099,708 4,588,748,340 (227,529,915) 4,361,218,425 
Fidelity Freedom 2025 Fund 22,180,838,968 4,110,914,450 (152,955,721) 3,957,958,729 
Fidelity Freedom 2030 Fund 25,090,910,423 5,633,485,990 (134,258,695) 5,499,227,295 
Fidelity Freedom 2035 Fund 16,544,223,229 4,068,269,188 (70,907,665) 3,997,361,523 
Fidelity Freedom 2040 Fund 17,035,567,723 4,383,587,954 (73,577,248) 4,310,010,706 
Fidelity Freedom 2045 Fund 10,092,445,846 2,437,436,592 (39,002,254) 2,398,434,338 
Fidelity Freedom 2050 Fund 8,459,132,296 2,020,888,764 (29,706,551) 1,991,182,213 
Fidelity Freedom 2055 Fund 3,303,655,673 520,012,483 (12,668,332) 507,344,151 
Fidelity Freedom 2060 Fund 509,484,539 59,521,935 (1,058,365) 58,463,570 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares and in-kind transactions, other than securities acquired in the merger, are noted in the table below.

 Purchases ($) Redemptions ($) 
Fidelity Freedom Income Fund $213,195,953 $225,826,002 
Fidelity Freedom 2005 Fund 78,731,427 70,675,497 
Fidelity Freedom 2010 Fund 471,348,514 551,261,066 
Fidelity Freedom 2015 Fund 854,356,244 805,058,422 
Fidelity Freedom 2020 Fund 2,277,588,861 1,703,551,228 
Fidelity Freedom 2025 Fund 2,389,519,412 1,344,581,553 
Fidelity Freedom 2030 Fund 2,774,525,148 1,661,956,614 
Fidelity Freedom 2035 Fund 2,132,396,555 1,027,552,414 
Fidelity Freedom 2040 Fund 1,966,539,976 1,044,538,578 
Fidelity Freedom 2045 Fund 1,246,604,515 532,086,799 
Fidelity Freedom 2050 Fund 1,003,088,732 438,562,035 
Fidelity Freedom 2055 Fund 458,313,654 135,938,481 
Fidelity Freedom 2060 Fund 104,728,735 18,397,105 

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Effective June 1, 2017, under the management contract approved by the Board of Trustees (the Board) and shareholders, FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees.

For the period, June 1, 2017 (July 20, 2017 and June 7, 2017 for Class K and Class K6, respectively) through September 30, 2017, the total annual management fee rate for each Class of each Fund was as follows:

 Annual % of Class-Level Average Net Assets (Fidelity Freedom Class) Annual % of Class-Level Average Net Assets
(Classes K and K6) 
Fidelity Freedom Income Fund .465% .415% 
Fidelity Freedom 2005 Fund .491% .435% 
Fidelity Freedom 2010 Fund .533% .468% 
Fidelity Freedom 2015 Fund .576% .503% 
Fidelity Freedom 2020 Fund .618% .538% 
Fidelity Freedom 2025 Fund .661% .573% 
Fidelity Freedom 2030 Fund .703% .608% 
Fidelity Freedom 2035 Fund .746% .643% 
Fidelity Freedom 2040 Fund .746% .643% 
Fidelity Freedom 2045 Fund .746% .643% 
Fidelity Freedom 2050 Fund .746% .643% 
Fidelity Freedom 2055 Fund .746% .643% 
Fidelity Freedom 2060 Fund .746% .643% 

Effective June 7, 2017, under the expense contract approved by the Board, the investment adviser pays class-level expenses for Class K6 of each Fund as necessary so that Class K6 total expenses do not exceed certain amounts of Class K6 average net assets on an annual basis with certain exceptions, as noted in the following table:

 Annual % of Class-Level Average Net Assets
(Class K6) 
Fidelity Freedom Income Fund .365% 
Fidelity Freedom 2005 Fund .377% 
Fidelity Freedom 2010 Fund .396% 
Fidelity Freedom 2015 Fund .415% 
Fidelity Freedom 2020 Fund .435% 
Fidelity Freedom 2025 Fund .454% 
Fidelity Freedom 2030 Fund .474% 
Fidelity Freedom 2035 Fund .493% 
Fidelity Freedom 2040 Fund .493% 
Fidelity Freedom 2045 Fund .493% 
Fidelity Freedom 2050 Fund .493% 
Fidelity Freedom 2055 Fund .493% 
Fidelity Freedom 2060 Fund .493% 

In addition, the Board and shareholders of each Underlying Fund approved a new management contract, effective June 1, 2017. Under the management contract, each Underlying Fund no longer pays a management fee, and most of each Underlying Fund's ordinary operating expenses are borne by the investment adviser.

Prior to June 1, 2017, the investment adviser provided the Funds with investment management related services. The Funds did not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Series Value Discovery Fund, ("selected Underlying Fund") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Series Intrinsic Opportunities Fund and Fidelity Series Growth & Income Fund which are affiliated investment companies managed by FMR. Net realized gain (loss) on the redemptions of the selected Underlying Fund in connection with the reallocation is included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the net related gain (loss) for the Funds are presented in the accompanying table:

 Value of Investments and Cash reallocated Net realized Gain (Loss) on redemptions of selected Underlying Fund 
Fidelity Freedom Income $ 21,943,732 $ 5,248,386 
Fidelity Freedom 2005 9,132,913 818,016 
Fidelity Freedom 2010 82,938,352 17,423,248 
Fidelity Freedom 2015 132,300,852 26,218,924 
Fidelity Freedom 2020 349,185,809 55,046,914 
Fidelity Freedom 2025 312,149,126 36,476,750 
Fidelity Freedom 2030 443,448,822 45,658,987 
Fidelity Freedom 2035 315,567,651 25,385,650 
Fidelity Freedom 2040 341,654,429 31,022,107 
Fidelity Freedom 2045 165,214,747 12,941,012 
Fidelity Freedom 2050 136,449,649 10,462,773 
Fidelity Freedom 2055 44,625,815 2,684,111 
Fidelity Freedom 2060 6,196,209 137,579 

5. Expense Reductions.

Prior to June 1, 2017, FMR voluntarily agreed to reimburse each Fund's operating expenses. Some expenses, for example interest expense, were excluded from this reimbursement. Effective June 1, 2017, these voluntary reimbursements were discontinued.

The following classes of each applicable Fund were in reimbursement during the period:

Fidelity Freedom Income Fund $1,400 
Fidelity Freedom 2005 Fund 383 
Fidelity Freedom 2010 Fund 3,152 
Fidelity Freedom 2015 Fund 3,493 
Fidelity Freedom 2020 Fund 8,733 
Fidelity Freedom 2025 Fund 6,404 
Fidelity Freedom 2030 Fund 7,879 
Fidelity Freedom 2035 Fund 4,521 
Fidelity Freedom 2040 Fund 4,763 
Fidelity Freedom 2045 Fund 2,292 
Fidelity Freedom 2050 Fund 1,891 
Fidelity Freedom 2055 Fund 605 
Fidelity Freedom 2060 Fund 75 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund   
From net investment income   
Fidelity Freedom Income Fund $12,608,956 $37,016,596 
Class K 1,471 – 
Class K6 16,731 – 
Total $12,627,158 $37,016,596 
From net realized gain   
Fidelity Freedom Income Fund $14,993,579 $32,674,118 
Total $14,993,579 $ 32,674,118 
Fidelity Freedom 2005 Fund   
From net investment income   
Fidelity Freedom 2005 Fund $1,620,929 $10,200,069 
Total $1,620,929 $ 10,200,069 
From net realized gain   
Fidelity Freedom 2005 Fund $5,291,856 $7,369,706 
Total $5,291,856 $ 7,369,706 
Fidelity Freedom 2010 Fund   
From net investment income   
Fidelity Freedom 2010 Fund $11,553,873 $71,220,043 
Total $11,553,873 $ 71,220,043 
From net realized gain   
Fidelity Freedom 2010 Fund $49,891,727 $73,776,491 
Total $49,891,727 $ 73,776,491 
Fidelity Freedom 2015 Fund   
From net investment income   
Fidelity Freedom 2015 Fund $13,537,555 $89,847,108 
Total $13,537,555 $ 89,847,108 
From net realized gain   
Fidelity Freedom 2015 Fund $71,790,066 $104,826,159 
Total $71,790,066 $ 104,826,159 
Fidelity Freedom 2020 Fund   
From net investment income   
Fidelity Freedom 2020 Fund $28,799,746 $200,026,428 
Total $28,799,746 $200,026,428 
From net realized gain   
Fidelity Freedom 2020 Fund $168,906,642 $252,757,975 
Total $168,906,642 $ 252,757,975 
Fidelity Freedom 2025 Fund   
From net investment income   
Fidelity Freedom 2025 Fund $20,288,985 $147,758,780 
Total $20,288,985 $147,758,780 
From net realized gain   
Fidelity Freedom 2025 Fund $126,806,087 $204,066,897 
Total $126,806,087 $ 204,066,897 
Fidelity Freedom 2030 Fund   
From net investment income   
Fidelity Freedom 2030 Fund $14,875,007 $163,120,493 
Total $14,875,007 $ 163,120,493 
From net realized gain   
Fidelity Freedom 2030 Fund $177,823,710 $254,968,549 
Total $177,823,710 $ 254,968,549 
Fidelity Freedom 2035 Fund   
From net investment income   
Fidelity Freedom 2035 Fund $4,477,894 $88,507,344 
Total $4,477,894 $ 88,507,344 
From net realized gain   
Fidelity Freedom 2035 Fund $104,484,046 $162,354,536 
Total $104,484,046 $ 162,354,536 
Fidelity Freedom 2040 Fund   
From net investment income   
Fidelity Freedom 2040 Fund $3,727,463 $96,859,849 
Total $3,727,463 $96,859,849 
From net realized gain   
Fidelity Freedom 2040 Fund $114,805,801 $178,085,083 
Total $114,805,801 $ 178,085,083 
Fidelity Freedom 2045 Fund   
From net investment income   
Fidelity Freedom 2045 Fund $1,914,156 $45,424,022 
Total $1,914,156 $ 45,424,022 
From net realized gain   
Fidelity Freedom 2045 Fund $50,405,841 $83,790,283 
Total $50,405,841 $ 83,790,283 
Fidelity Freedom 2050 Fund   
From net investment income   
Fidelity Freedom 2050 Fund $1,573,575 $36,871,772 
Total $1,573,575 $ 36,871,772 
From net realized gain   
Fidelity Freedom 2050 Fund $40,897,550 $67,884,342 
Total $40,897,550 $ 67,884,342 
Fidelity Freedom 2055 Fund   
From net investment income   
Fidelity Freedom 2055 Fund $530,888 $11,091,790 
Total $530,888 $ 11,091,790 
From net realized gain   
Fidelity Freedom 2055 Fund $10,617,722 $15,197,673 
Total $10,617,722 $ 15,197,673 
Fidelity Freedom 2060 Fund   
From net investment income   
Fidelity Freedom 2060 Fund $57,327 $1,119,481 
Total $57,327 $ 1,119,481 
From net realized gain   
Fidelity Freedom 2060 Fund $1,284,107 $924,001 
Total $1,284,107 $ 924,001 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017(a) Year ended
March 31, 2017 
Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 11,865,158 27,891,079 $138,935,467 $318,995,628 
Reinvestment of distributions 2,328,579 6,036,813 27,038,983 68,285,524 
Shares redeemed (18,267,957) (43,107,568) (213,720,791) (492,617,047) 
Net increase (decrease) (4,074,220) (9,179,676) $(47,746,341) $(105,335,895) 
Class K     
Shares sold 5,399,525 $63,845,031 $- 
Issued in exchange for the shares of Fidelity Freedom K Income Fund 136,520,990  1,613,678,107  
Reinvestment of distributions 124 1,462 
Shares redeemed (2,698,054) (31,925,890) 
Net increase (decrease) 139,222,585 $1,645,598,710 $- 
Class K6     
Shares sold 673,305 $7,927,709 $- 
Reinvestment of distributions 1,420 16,731 
Shares redeemed (111,610) (1,321,236) 
Net increase (decrease) 563,115 $6,623,204 $- 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 3,171,508 8,370,565 $39,311,961 $99,885,293 
Reinvestment of distributions 559,542 1,487,696 6,848,797 17,425,187 
Shares redeemed (4,408,162) (11,808,557) (54,690,573) (141,074,680) 
Net increase (decrease) (677,112) (1,950,296) $(8,529,815) $(23,764,200) 
Class K     
Shares sold 1,838,065 $23,119,343 $- 
Issued in exchange for the shares of Fidelity Freedom K 2005 Fund 32,823,330 412,589,249 
Shares redeemed (744,609) (9,387,938) 
Net increase (decrease) 33,916,786 $426,320,654 $- 
Class K6     
Shares sold 199,610 $2,494,426 $- 
Shares redeemed (11,666) (146,611) 
Net increase (decrease) 187,944 $2,347,815 $- 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 10,940,205 29,730,777 $173,302,869 $450,240,426 
Reinvestment of distributions 3,880,855 9,654,368 60,541,342 142,971,004 
Shares redeemed (23,112,839) (63,066,784) (365,719,461) (954,373,734) 
Net increase (decrease) (8,291,779) (23,681,639) $(131,875,250) $(361,162,304) 
Class K     
Shares sold 5,535,906 $88,997,581 $- 
Issued in exchange for the shares of Fidelity Freedom K 2010 Fund 158,527,428  2,547,535,809  
Shares redeemed (2,696,038) (43,510,785) 
Net increase (decrease) 161,367,296 $2,593,022,605 $- 
Class K6     
Shares sold 869,976 $13,897,456 $- 
Shares redeemed (39,542) (636,879) 
Net increase (decrease) 830,434 $13,260,577 $- 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 35,171,234 86,891,690 $460,507,427 $1,077,815,896 
Reinvestment of distributions 6,567,635 15,956,683 84,525,456 192,945,931 
Shares redeemed (52,108,046) (132,326,360) (681,551,786) (1,637,477,620) 
Net increase (decrease) (10,369,177) (29,477,987) $(136,518,903) $(366,715,793) 
Class K     
Shares sold 19,084,988 $253,716,164 $- 
Issued in exchange for the shares of Fidelity Freedom K 2015 Fund 357,299,109  4,748,505,056  
Shares redeemed (8,225,915) (109,900,682) 
Net increase (decrease) 368,158,182 $4,892,320,538 $- 
Class K6     
Shares sold 3,733,869 $49,367,640 $- 
Shares redeemed (606,527) (8,028,911) 
Net increase (decrease) 3,127,342 $41,338,729 $- 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 72,329,584 159,336,775 $1,161,107,270 $2,409,581,355 
Reinvestment of distributions 12,408,959 30,520,001 195,813,364 448,509,541 
Shares redeemed (91,306,664) (209,463,411) (1,466,243,011) (3,158,599,236) 
Net increase (decrease) (6,568,121) (19,606,635) $(109,322,377) $(300,508,340) 
Class K     
Shares sold 46,814,954 $765,360,981 $- 
Issued in exchange for the shares of Fidelity Freedom K 2020 Fund 997,191,746  16,284,141,352  
Shares redeemed (16,770,810) (275,686,957) 
Net increase (decrease) 1,027,235,890 $16,773,815,376 $- 
Class K6     
Shares sold 9,313,811 $151,461,322 $- 
Shares redeemed (453,835) (7,351,710) 
Net increase (decrease) 8,859,976 $144,109,612 $- 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 72,880,365 161,205,087 $1,008,671,416 $2,085,995,325 
Reinvestment of distributions 10,738,033 27,865,215 146,037,168 349,406,296 
Shares redeemed (74,673,353) (163,515,141) (1,034,063,327) (2,107,812,160) 
Net increase (decrease) 8,945,045 25,555,161 $120,645,257 $327,589,461 
Class K     
Shares sold 57,633,659 $813,061,899 $- 
Issued in exchange for the shares of Fidelity Freedom K 2025 Fund 1,039,138,058  14,641,455,337  
Shares redeemed (16,783,958) (238,208,206) 
Net increase (decrease) 1,079,987,759 $15,216,309,030 $- 
Class K6     
Shares sold 20,536,369 $288,380,992 $- 
Shares redeemed (1,060,539) (14,874,120) 
Net increase (decrease) 19,475,830 $273,506,872 $- 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 57,960,612 123,540,563 $997,329,320 $1,957,712,162 
Reinvestment of distributions 11,324,574 27,198,687 191,158,810 414,813,441 
Shares redeemed (64,314,572) (142,359,984) (1,108,159,949) (2,244,048,246) 
Net increase (decrease) 4,970,614 8,379,266 $80,328,181 $128,477,357 
Class K     
Shares sold 44,280,210 $779,026,021 $- 
Issued in exchange for the shares of Fidelity Freedom K 2030 Fund 980,848,240  17,213,886,716  
Shares redeemed (13,208,718) (234,109,768) 
Net increase (decrease) 1,011,919,732 $17,758,802,969 $- 
Class K6     
Shares sold 22,664,641 $396,475,122 $- 
Shares redeemed (390,179) (6,829,742) 
Net increase (decrease) 22,274,462 $389,645,380 $- 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 53,960,721 107,335,106 $773,676,885 $1,399,007,407 
Reinvestment of distributions 7,707,044 19,960,664 108,361,033 249,452,344 
Shares redeemed (50,242,072) (109,251,957) (720,419,683) (1,416,735,577) 
Net increase (decrease) 11,425,693 18,043,813 $161,618,235 $231,724,174 
Class K     
Shares sold 45,464,097 $667,162,259 $- 
Issued in exchange for the shares of Fidelity Freedom K 2035 Fund 810,190,579  11,861,189,816  
Shares redeemed (11,986,842) (177,495,766) 
Net increase (decrease) 843,667,834 $12,350,856,309 $- 
Class K6     
Shares sold 24,573,312 $359,395,098 $- 
Shares redeemed (269,933) (3,971,355) 
Net increase (decrease) 24,303,379 $355,423,743 $- 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 64,602,548 140,785,303 $649,838,406 $1,286,757,447 
Reinvestment of distributions 11,920,030 31,075,048 117,531,506 272,618,946 
Shares redeemed (71,623,015) (155,935,498) (721,941,439) (1,418,860,060) 
Net increase (decrease) 4,899,563 15,924,853 $45,428,473 $140,516,333 
Class K     
Shares sold 63,797,242 $657,722,352 $- 
Issued in exchange for the shares of Fidelity Freedom K 2040 Fund 1,209,417,175 12,432,808,583  
Shares redeemed (15,781,331) (164,224,789) 
Net increase (decrease) 1,257,433,086 $12,926,306,146 $- 
Class K6     
Shares sold 28,132,546 $288,723,775 $- 
Shares redeemed (423,330) (4,345,556) 
Net increase (decrease) 27,709,216 $284,378,219 $- 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 41,090,957 88,251,156 $467,297,955 $911,294,661 
Reinvestment of distributions 4,656,358 12,918,827 51,918,394 128,307,737 
Shares redeemed (37,086,347) (77,904,384) (421,882,357) (800,946,564) 
Net increase (decrease) 8,660,968 23,265,599 $97,333,992 $238,655,834 
Class K     
Shares sold 42,260,753 $492,513,065 $- 
Issued in exchange for the shares of Fidelity Freedom K 2045 Fund 680,392,245  7,906,157,717  
Shares redeemed (9,076,154) (106,789,024) 
Net increase (decrease) 713,576,844 $8,291,881,758 $- 
Class K6     
Shares sold 13,954,184 $161,962,332 $- 
Shares redeemed (283,152) (3,285,910) 
Net increase (decrease) 13,671,032 $158,676,422 $- 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 36,717,117 78,016,417 $419,862,089 $809,711,740 
Reinvestment of distributions 3,742,099 10,380,386 41,948,867 103,566,059 
Shares redeemed (32,864,607) (65,322,506) (376,269,064) (675,747,669) 
Net increase (decrease) 7,594,609 23,074,297 $85,541,892 $237,530,130 
Class K     
Shares sold 33,641,299 $394,560,746 $- 
Issued in exchange for the shares of Fidelity Freedom K 2050 Fund 572,849,516  6,690,882,218  
Shares redeemed (8,072,189) (95,443,272) 
Net increase (decrease) 598,418,626 $6,989,999,692 $- 
Class K6     
Shares sold 10,312,301 $120,357,091 $- 
Shares redeemed (217,406) (2,543,094) 
Net increase (decrease) 10,094,895 $117,813,997 $- 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 17,985,895 35,961,184 $231,580,697 $417,830,315 
Reinvestment of distributions 868,710 2,322,949 10,963,123 25,903,357 
Shares redeemed (11,004,595) (22,547,740) (141,637,598) (261,603,767) 
Net increase (decrease) 7,850,010 15,736,393 $100,906,222 $182,129,905 
Class K     
Shares sold 13,692,184 $180,899,760 $- 
Issued in exchange for the shares of Fidelity Freedom K 2055 Fund 187,145,598  2,460,964,568  
Shares redeemed (2,727,175) (36,304,593) 
Net increase (decrease) 198,110,607 $2,605,559,735 $- 
Class K6     
Shares sold 3,946,449 $51,830,284 $- 
Shares redeemed (106,283) (1,399,007) 
Net increase (decrease) 3,840,166 $50,431,277 $- 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 5,677,772 8,574,369 $64,924,145 $88,938,893 
Reinvestment of distributions 116,343 198,281 1,304,209 1,984,387 
Shares redeemed (1,830,620) (3,035,221) (20,942,812) (31,516,894) 
Net increase (decrease) 3,963,495 5,737,429 $45,285,542 $59,406,386 
Class K     
Shares sold 2,846,451 $33,501,456 $- 
Issued in exchange for the shares of Fidelity Freedom K 2060 Fund 30,017,564  350,605,136  
Shares redeemed (515,362) (6,093,232) 
Net increase (decrease) 32,348,653 $378,013,360 $- 
Class K6     
Shares sold 839,499 $9,798,536 $- 
Shares redeemed (28,443) (333,676) 
Net increase (decrease) 811,056 $9,464,860 $- 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Freedom Income Fund Fidelity Freedom 2010 Fund Fidelity Freedom 2015 Fund Fidelity Freedom 2020 Fund Fidelity Freedom 2025 Fund Fidelity Freedom 2030 Fund Fidelity Freedom 2035 Fund Fidelity Freedom 2040 Fund 
Fidelity Series 100 Index Fund –% –% –% 11% 11% 16% 12% 13% 
Fidelity Series 1000 Value Index Fund –% –% –% 13% 12% 17% 14% 14% 
Fidelity Series All-Sector Equity Fund –% –% –% 12% 12% 16% 13% 13% 
Fidelity Series Blue Chip Growth Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Canada Fund –% –% –% 13% 12% 17% 11% 14% 
Fidelity Series Commodity Strategy Fund –% –% –% 15% 13% 16% 10% 11% 
Fidelity Series Emerging Markets Debt Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Emerging Markets Fund –% –% –% 13% 12% 16% 12% 13% 
Fidelity Series Floating Rate High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Government Money Market Fund –% 10% 11% 24% 16% –% –% –% 
Fidelity Series Growth & Income Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Growth Company Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Inflation-Protected Bond Index Fund –% –% –% 14% –% 11% –% –% 
Fidelity Series International Credit Fund –% –% –% 18% 15% 15% –% –% 
Fidelity Series International Growth Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Small Cap Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Value Fund –% –% –% 13% 12% 16% 13% 13% 
Fidelity Series Intrinsic Opportunities Fund –% –% –% 14% 13% 18% 14% 15% 
Fidelity Series Investment Grade Bond Fund –% –% 11% 28% 21% 15% –% –% 
Fidelity Series Long-Term Treasury Bond Index Fund –% –% –% 16% 14% 17% 11% –% 
Fidelity Series Opportunistic Insights Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Real Estate Equity Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Real Estate Income Fund –% –% –% 16% 13% 16% 10% 11% 
Fidelity Series Short-Term Credit Fund 12% 12% 14% 29% 19% –% –% –% 
Fidelity Series Small Cap Discovery Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Small Cap Opportunities Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Stock Selector Large Cap Value Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Value Discovery Fund –% –% –% 13% 13% 18% 14% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Series 100 Index Fund 86% 
Fidelity Series 1000 Value Index Fund 95% 
Fidelity Series All-Sector Equity Fund 90% 
Fidelity Series Blue Chip Growth Fund 100% 
Fidelity Series Canada Fund 91% 
Fidelity Series Commodity Strategy Fund 91% 
Fidelity Series Emerging Markets Debt Fund 91% 
Fidelity Series Emerging Markets Fund 91% 
Fidelity Series Floating Rate High Income Fund 91% 
Fidelity Series Government Money Market Fund 82% 
Fidelity Series Growth & Income Fund 100% 
Fidelity Series Growth Company Fund 100% 
Fidelity Series High Income Fund 91% 
Fidelity Series Inflation-Protected Bond Index Fund 80% 
Fidelity Series International Credit Fund 91% 
Fidelity Series International Growth Fund 91% 
Fidelity Series International Small Cap Fund 91% 
Fidelity Series International Value Fund 91% 
Fidelity Series Intrinsic Opportunities Fund 100% 
Fidelity Series Investment Grade Bond Fund 91% 
Fidelity Series Long-Term Treasury Bond Index Fund 91% 
Fidelity Series Opportunistic Insights Fund 100% 
Fidelity Series Real Estate Equity Fund 91% 
Fidelity Series Real Estate Income Fund 91% 
Fidelity Series Short-Term Credit Fund 100% 
Fidelity Series Small Cap Discovery Fund 100% 
Fidelity Series Small Cap Opportunities Fund 90% 
Fidelity Series Stock Selector Large Cap Value Fund 100% 
Fidelity Series Value Discovery Fund 100% 

9. Merger Information.

On September 8, 2017, each Surviving Fund acquired all of the assets and assumed all of the liabilities of each Target Fund pursuant to each Agreement and Plan of Reorganization approved by the Board of Trustees ("The Board"). Each acquisition was accomplished by an exchange of Class K shares of each Surviving Fund for corresponding shares then outstanding of each Target Fund, at their respective net asset value on the acquisition date. In addition, the Board approved the creation of additional classes of shares that commenced sale of shares on July 20, 2017. The reorganization provided shareholders of each Target Fund access to a larger portfolio with a similar investment objective and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

Combined total net assets after the acquisition are as follows:

Target Funds Securities $ Unrealized appreciation (depreciation)$ Net Assets $ Surviving Funds Net assets $ Total net assets after the acquisition $ 
Fidelity Freedom K 2005 Fund 412,419,889 40,449,279 412,589,249 Fidelity Freedom 2005 Fund 610,614,214 1,023,203,463 
Fidelity Freedom K 2010 Fund 2,546,556,623 329,226,460 2,547,535,809 Fidelity Freedom 2010 Fund 4,238,458,400 6,785,994,209 
Fidelity Freedom K 2015 Fund 4,746,815,623 696,286,166 4,748,505,056 Fidelity Freedom 2015 Fund 5,645,731,933 10,394,236,989 
Fidelity Freedom K 2020 Fund 16,278,675,415 2,424,773,804 16,284,141,352 Fidelity Freedom 2020 Fund 13,414,449,646 29,698,590,998 
Fidelity Freedom K 2025 Fund 14,636,906,056 2,237,270,202 14,641,455,337 Fidelity Freedom 2025 Fund 11,194,758,422 25,836,213,759 
Fidelity Freedom K 2030 Fund 17,209,401,290 3,150,938,702 17,213,886,716 Fidelity Freedom 2030 Fund 12,912,345,253 30,126,231,969 
Fidelity Freedom K 2035 Fund 11,858,805,237 2,326,083,837 11,861,189,816 Fidelity Freedom 2035 Fund 8,269,361,979 20,130,551,795 
Fidelity Freedom K 2040 Fund 12,430,342,176 2,512,607,175 12,432,808,583 Fidelity Freedom 2040 Fund 8,489,396,048 20,922,204,631 
Fidelity Freedom K 2045 Fund 7,904,615,516 1,469,965,780 7,906,157,717 Fidelity Freedom 2045 Fund 4,301,147,363 12,207,305,080 
Fidelity Freedom K 2050 Fund 6,689,588,035 1,219,930,995 6,690,882,218 Fidelity Freedom 2050 Fund 3,509,123,170 10,200,005,388 
Fidelity Freedom K 2055 Fund 2,460,473,831 326,647,894 2,460,964,568 Fidelity Freedom 2055 Fund 1,221,516,226 3,682,480,794 
Fidelity Freedom K 2060 Fund 350,535,702 37,076,005 350,605,136 Fidelity Freedom 2060 Fund 184,982,168 535,587,304 
Fidelity Freedom K Income Fund 1,612,974,652 111,654,038 1,613,678,107 Fidelity Freedom Income Fund 2,180,776,091 3,794,454,198 

Pro forma results of operations of the combined entity for the entire period ended September 30, 2017, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:

Surviving Funds Net investment income (loss) $ Total net realized gain (loss) $ Total change in net unrealized appreciation (depreciation)$ Net increase (decrease) in net assets resulting from operations $ 
Fidelity Freedom 2005 Fund 5,353,527 14,711,664 26,248,239 46,313,430 
Fidelity Freedom 2010 Fund 32,859,458 154,454,859 175,971,594 363,285,911 
Fidelity Freedom 2015 Fund 44,248,033 273,459,392 313,836,336 631,543,761 
Fidelity Freedom 2020 Fund 112,466,405 657,988,197 1,159,430,903 1,929,885,505 
Fidelity Freedom 2025 Fund 79,970,323 497,770,499 1,188,538,128 1,766,278,950 
Fidelity Freedom 2030 Fund 62,137,483 681,469,895 1,628,581,595 2,372,188,973 
Fidelity Freedom 2035 Fund 18,028,787 444,589,484 1,261,734,915 1,724,353,186 
Fidelity Freedom 2040 Fund 17,016,387 479,188,132 1,322,596,465 1,818,800,984 
Fidelity Freedom 2045 Fund 10,028,180 240,341,634 800,066,479 1,050,436,293 
Fidelity Freedom 2050 Fund 8,440,866 201,234,537 676,620,622 886,296,025 
Fidelity Freedom 2055 Fund 2,879,332 50,646,769 247,646,407 301,172,508 
Fidelity Freedom 2060 Fund 376,623 6,300,604 34,223,936 40,901,163 
Fidelity Freedom Income Fund 23,043,909 47,888,756 69,055,343 139,988,008 

Because each combined investment portfolio have been managed as a single portfolio since each acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of each Target Fund that have been included in the Surviving Fund's accompanying Statement of Operations since September 8, 2017.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017)for Fidelity Freedom and for the period (July 20, 2017 to September 30, 2017) for Class K and for the period (June 7, 2017 to September 30, 2017) for Class K6. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period
 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .31%    
Actual  $1,000.00 $1,037.60 $1.58-B,C 
Hypothetical-D  $1,000.00 $1,023.51 $1.57-C,E 
Class K .46%    
Actual  $1,000.00 $1,009.30 $.92-B 
Hypothetical-D  $1,000.00 $1,022.76 $2.33-E 
Class K6 .37%    
Actual  $1,000.00 $1,016.90 $1.19-B 
Hypothetical-D  $1,000.00 $1,023.21 $1.88-E 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .33%    
Actual  $1,000.00 $1,046.70 $1.69-B,C 
Hypothetical-D  $1,000.00 $1,023.41 $1.67-C,E 
Class K .45%    
Actual  $1,000.00 $1,011.20 $.91-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Class K6 .38%    
Actual  $1,000.00 $1,021.80 $1.22-B 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-E 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .36%    
Actual  $1,000.00 $1,054.80 $1.85-B,C 
Hypothetical-D  $1,000.00 $1,023.26 $1.83-C,E 
Class K .49%    
Actual  $1,000.00 $1,013.20 $.99-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Class K6 .39%    
Actual  $1,000.00 $1,026.00 $1.26-B 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-E 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .39%    
Actual  $1,000.00 $1,062.90 $2.02-B,C 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-C,E 
Class K .53%    
Actual  $1,000.00 $1,015.10 $1.07-B 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-E 
Class K6 .41%    
Actual  $1,000.00 $1,029.20 $1.32-B 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-E 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .41%    
Actual  $1,000.00 $1,067.90 $2.13-B,C 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-C,E 
Class K .56%    
Actual  $1,000.00 $1,016.00 $1.13-B 
Hypothetical-D  $1,000.00 $1,022.26 $2.84-E 
Class K6 .43%    
Actual  $1,000.00 $1,031.90 $1.39-B 
Hypothetical-D  $1,000.00 $1,022.91 $2.18-E 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .45%    
Actual  $1,000.00 $1,072.10 $2.34-B,C 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-C,E 
Class K .60%    
Actual  $1,000.00 $1,017.10 $1.21-B 
Hypothetical-D  $1,000.00 $1,022.06 $3.04-E 
Class K6 .45%    
Actual  $1,000.00 $1,034.80 $1.46-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .47%    
Actual  $1,000.00 $1,083.80 $2.46-B,C 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-C,E 
Class K .63%    
Actual  $1,000.00 $1,020.60 $1.27-B 
Hypothetical-D  $1,000.00 $1,021.91 $3.19-E 
Class K6 .47%    
Actual  $1,000.00 $1,040.20 $1.52-B 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-E 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .50%    
Actual  $1,000.00 $1,091.70 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,021.90 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.10 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .50%    
Actual  $1,000.00 $1,093.30 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.90 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .51%    
Actual  $1,000.00 $1,092.20 $2.67-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.00 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .51%    
Actual  $1,000.00 $1,093.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .51%    
Actual  $1,000.00 $1,092.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.90 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.20 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .53%    
Actual  $1,000.00 $1,093.00 $2.78-B,C 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period) for Fidelity Freedom and multiplied by 73/ 365 (to reflect the period July 20, 2017 to September 30, 2017) for Class K and multiplied by 116/365(to reflect the period June 7, 2017 to September 30, 2017) for Class K6.

 C If fees and changes to the class level expense contract and/or expense cap, effective June 1, 2017, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in the table below.

 D 5% return per year before expenses

 E Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Fund's annualized expense ratio.


 Annualized Expense Ratio-(a)
 
Expenses Paid
 
Fidelity Freedom Income Fund   
Fidelity Freedom Income Fund .47%  
Actual  $2.40 
Hypothetical-(b)  $2.38 
Fidelity Freedom 2005 Fund   
Fidelity Freedom 2005 Fund .49%  
Actual  $2.51 
Hypothetical-(b)  $2.48 
Fidelity Freedom 2010 Fund   
Fidelity Freedom 2010 Fund .53%  
Actual  $2.73 
Hypothetical-(b)  $2.69 
Fidelity Freedom 2015 Fund   
Fidelity Freedom 2015 Fund .58%  
Actual  $3.00 
Hypothetical-(b)  $2.94 
Fidelity Freedom 2020 Fund   
Fidelity Freedom 2020 Fund .62%  
Actual  $3.21 
Hypothetical-(b)  $3.14 
Fidelity Freedom 2025 Fund   
Fidelity Freedom 2025 Fund .66%  
Actual  $3.43 
Hypothetical-(b)  $3.35 
Fidelity Freedom 2030 Fund   
Fidelity Freedom 2030 Fund .70%  
Actual  $3.65 
Hypothetical-(b)  $3.55 
Fidelity Freedom 2035 Fund   
Fidelity Freedom 2035 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2040 Fund   
Fidelity Freedom 2040 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2045 Fund   
Fidelity Freedom 2045 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2050 Fund   
Fidelity Freedom 2050 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2055 Fund   
Fidelity Freedom 2055 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2060 Fund   
Fidelity Freedom 2060 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and would be realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that the Advisory Contract currently in place for each Freedom fund had become effective on June 1, 2017 after receiving shareholder approval and had implemented a new fee structure whereby each Freedom fund pays an all-inclusive management fee that varies by class and the underlying Fidelity funds in which the Freedom fund invests no longer pay expenses, with certain limited exceptions.

In considering whether to renew the Advisory Contract and administration agreement for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Freedom 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 2017, after receiving shareholder approval. The Board noted that the new pricing structure will reduce the overall expenses that shareholders pay and provide for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when the fund did not pay a top-level management fee.

The Board instead compared each fund's current class-level management fee rate (calculated using Schedule A of the Advisory Contract with 2017 as a base year to derive the "Years to Retirement") relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that each fund's current class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of each fund's total expense ratio, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the current total expense ratio of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2016. Each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the current total expense ratio of each fund (except Freedom 2020 Fund) (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio for Freedom 2020 Fund (including expenses of the underlying funds in which the fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that Freedom 2020 Fund's current total expense ratio is above the competitive median because a number of competitor target date funds that Lipper previously categorized as passive were moved to the active target date mapped group in 2016, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest in passive products, Freedom 2020 Fund's current total expense ratio (had it been in effect for 2016) ranks equal to the competitive median.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that, although Freedom 2020 Fund was above the median of the universe presented for comparison, each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

Because the funds only recently began paying management fees, the Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund prior to the change in fee arrangements were not a material factor in its approval of the continuance of each fund's current Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that due to each fund's current contractual arrangements its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.

Proxy Voting Results

A special meeting of shareholders was held on December 22, 2016. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.

PROPOSAL 1

To elect a Board of Trustees.

 # of
Votes 
% of
Votes 
Elizabeth S. Acton   
Affirmative 67,962,879,437.90 95.738 
Withheld 3,026,199,416.67  4.262 
TOTAL 70,989,078,854.57 100.000 
John Engler   
Affirmative 67,621,098,922.89 95.256 
Withheld 3,367,979,931.68 4.744 
TOTAL 70,989,078,854.57 100.000 
Albert R. Gamper, Jr.   
Affirmative 67,692,979,200.48  95.357 
Withheld 3,296,099,654.09 4.643 
TOTAL 70,989,078,854.57 100.000 
Robert F. Gartland   
Affirmative 67,834,076,287.79  95.556 
Withheld 3,155,002,566.78 4.444 
TOTAL 70,989,078,854.57 100.000 
Abigail P. Johnson   
Affirmative 67,845,327,470.44 95.572 
Withheld 3,143,751,384.13  4.428 
TOTAL 70,989,078,854.57 100.000 
Arthur E. Johnson   
Affirmative 67,698,760,709.29 95.366 
Withheld 3,290,318,145.28  4.634 
TOTAL 70,989,078,854.57 100.000 
Michael E. Kenneally   
Affirmative 67,851,407,081.44 95.581 
Withheld 3,137,671,773.13 4.419 
TOTAL 70,989,078,854.57 100.000 
James H. Keyes   
Affirmative 67,741,432,698.10 95.426 
Withheld 3,247,646,156.47  4.574 
TOTAL 70,989,078,854.57 100.000 
Marie L. Knowles   
Affirmative 67,825,908,094.48 95.545 
Withheld 3,163,170,760.09 4.455 
TOTAL 70,989,078,854.57 100.000 
Jennifer Toolin McAuliffe   
Affirmative 67,916,195,545.89 95.672 
Withheld 3,072,883,308.68 4.328 
TOTAL 70,989,078,854.57 100.000 
Mark A. Murray   
Affirmative 67,892,016,830.18  95.638 
Withheld 3,097,062,024.39  4.362 
TOTAL 70,989,078,854.57 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® Income Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,725,808.91 85.452 
Against 57,209,301.81 3.710 
Abstain 139,752,421.36 9.063 
Broker Non - Votes 27,380,033.54 1.775 
TOTAL 1,542,067,565.62 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2005 Fund and FMR Co., Inc. (FMRC).

   
 # of
Votes 
% of
Votes 
Affirmative 388,274,134.37 87.344 
Against 13,463,802.33 3.029 
Abstain 37,902,359.85 8.526 
Broker Non - Votes 4,897,062.03 1.101 
TOTAL 444,537,358.58 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2010 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,894,055,622.85 87.706 
Against 104,012,980.85 3.152 
Abstain 245,808,272.57 7.449 
Broker Non - Votes 55,875,837.65 1.693 
TOTAL 3,299,752,713.92 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2015 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,113,584,816.65 87.813 
Against 119,264,314.90 3.363 
Abstain 263,279,480.29 7.425 
Broker Non - Votes 49,610,493.35 1.399 
TOTAL 3,545,739,105.19 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2020 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 6,025,459,912.49 86.695 
Against 267,999,712.00 3.857 
Abstain 516,809,630.88 7.435 
Broker Non - Votes 139,922,497.86 2.013 
TOTAL 6,950,191,753.23 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2025 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 4,230,187,161.45 87.910 
Against 160,635,672.08 3.339 
Abstain 324,990,750.24 6.753 
Broker Non - Votes 96,181,985.59 1.998 
TOTAL 4,811,995,569.36 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2030 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 5,129,410,373.39 87.329 
Against 265,860,179.11 4.527 
Abstain 352,198,671.47 5.996 
Broker Non - Votes 126,211,770.57 2.148 
TOTAL 5,873,680,994.54 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2035 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,847,204,408.78 87.443 
Against 177,346,742.35 5.447 
Abstain 176,248,564.92 5.412 
Broker Non - Votes 55,292,814.44 1.698 
TOTAL 3,256,092,530.49 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2040 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,150,340,778.51 85.921 
Against 192,086,025.33 5.239 
Abstain 232,983,406.13 6.354 
Broker Non - Votes 91,156,325.31 2.486 
TOTAL 3,666,566,535.28 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2045 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,538,632.19 81.312 
Against 120,626,001.56 7.444 
Abstain 151,330,394.95 9.339 
Broker Non - Votes 30,868,166.30 1.905 
TOTAL 1,620,363,195.00 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2050 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,101,712,738.67 83.074 
Against 61,795,036.11 4.660 
Abstain 128,516,950.87 9.690 
Broker Non - Votes 34,162,694.66 2.576 
TOTAL 1,326,187,420.31 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2055 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 317,070,106.59 81.637 
Against 13,109,509.54 3.376 
Abstain 46,988,431.20 12.098 
Broker Non - Votes 11,222,182.33 2.889 
TOTAL 388,390,229.66 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2060 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 28,199,563.81 79.727 
Against 2,245,306.30 6.349 
Abstain 2,904,387.30 8.211 
Broker Non - Votes 2,020,954.26 5.713 
TOTAL 35,370,211.67 100.000 
 
Proposal 1 reflects trust-wide proposal and voting results. 
The special meeting of shareholders of Fidelity® Freedom 2045 Fund and Fidelity® Freedom 2050 Fund reconvened on January 27, 2017 with respect to proposal 2.

The special meeting of shareholders of Fidelity® Freedom 2055 Fund and Fidelity® Freedom 2060 Fund reconvened on April 19, 2017 with respect to proposal 2. 
 
 
 
 
 





Fidelity Investments

FF-K6-SANN-1117
1.9885888.100




Fidelity Freedom® Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Freedom® Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees

Proxy Voting Results


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 37.2 37.5 
Fidelity Series Government Money Market Fund 1.09% 20.9 21.0 
Fidelity Series Short-Term Credit Fund 6.8 7.0 
Fidelity Series Emerging Markets Fund 3.9 4.7 
Fidelity Series Inflation-Protected Bond Index Fund 3.7 3.8 
Fidelity Series International Value Fund 2.8 2.7 
Fidelity Series International Growth Fund 2.8 2.6 
Fidelity Series Intrinsic Opportunities Fund 2.3 1.6 
Fidelity Series Growth & Income Fund 2.1 1.7 
Fidelity Series Commodity Strategy Fund 2.0 1.7 
 84.5 84.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.0% 
   International Equity Funds 10.5% 
   Bond Funds 45.8% 
   Short-Term Funds 27.7% 


Six months ago 
   Domestic Equity Funds 17.1% 
   International Equity Funds 10.6% 
   Bond Funds 44.3% 
   Short-Term Funds 28.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 16.0%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 1,097,721 $18,189,233 
Fidelity Series 1000 Value Index Fund (a) 1,750,446 21,985,604 
Fidelity Series All-Sector Equity Fund (a) 2,543,358 34,004,694 
Fidelity Series Blue Chip Growth Fund (a) 2,628,701 34,804,005 
Fidelity Series Commodity Strategy Fund (a) 14,524,047 75,960,766 
Fidelity Series Growth & Income Fund (a) 5,237,803 79,666,988 
Fidelity Series Growth Company Fund (a) 4,046,410 69,436,388 
Fidelity Series Intrinsic Opportunities Fund (a) 5,033,828 86,481,157 
Fidelity Series Opportunistic Insights Fund (a) 2,103,613 38,348,857 
Fidelity Series Real Estate Equity Fund (a) 533,556 6,888,212 
Fidelity Series Small Cap Discovery Fund (a) 851,107 10,213,284 
Fidelity Series Small Cap Opportunities Fund (a) 2,252,764 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund (a) 4,460,971 59,286,306 
Fidelity Series Value Discovery Fund (a) 3,064,195 41,121,502 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $462,104,633)  607,880,631 
International Equity Funds - 10.5%   
Fidelity Series Canada Fund (a) 1,007,068 10,715,205 
Fidelity Series Emerging Markets Fund (a) 7,142,065 147,126,541 
Fidelity Series International Growth Fund (a) 6,629,991 105,350,554 
Fidelity Series International Small Cap Fund (a) 1,430,281 25,616,337 
Fidelity Series International Value Fund (a) 10,013,085 107,840,926 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $291,292,591)  396,649,563 
Bond Funds - 45.8%   
Fidelity Series Emerging Markets Debt Fund (a) 2,788,270 29,165,303 
Fidelity Series Floating Rate High Income Fund (a) 969,267 9,198,349 
Fidelity Series High Income Fund (a) 5,853,671 57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund (a) 14,278,214 141,211,540 
Fidelity Series International Credit Fund (a) 185,006 1,859,314 
Fidelity Series Investment Grade Bond Fund (a) 125,032,062 1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,901,291 69,452,350 
Fidelity Series Real Estate Income Fund (a) 1,622,870 18,127,453 
TOTAL BOND FUNDS   
(Cost $1,694,337,831)  1,740,200,220 
Short-Term Funds - 27.7%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 795,402,632 795,402,632 
Fidelity Series Short-Term Credit Fund (a) 25,760,047 257,342,870 
TOTAL SHORT-TERM FUNDS   
(Cost $1,052,532,048)  1,052,745,502 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,500,267,103)  3,797,475,916 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (752,950) 
NET ASSETS - 100%  $3,796,722,966 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $11,491,675 $313,457 $2,142,067 $-- $648,035 $302,183  $18,189,233 
Fidelity Series 1000 Value Index Fund 14,043,610 447,702 2,436,371 -- 86,404 784,566  21,985,604 
Fidelity Series All-Sector Equity Fund 21,673,165 592,813 4,284,785 -- 761,679 1,080,380  34,004,694 
Fidelity Series Blue Chip Growth Fund 22,111,317 3,620,117 5,486,124 67,377 1,369,186 (1,409,835 ) 34,804,005 
Fidelity Series Canada Fund -- 10,397,641  22,598 -- 120 121,242  10,715,205 
Fidelity Series Commodity Strategy Fund 35,467,629 10,495,842  2,307,390 116,191 (1,009,411) 683,046 75,960,766 
Fidelity Series Emerging Markets Debt Fund 16,127,912 996,647  629,285 538,710  2,684 287,386  29,165,303 
Fidelity Series Emerging Markets Fund 100,230,776 3,041,873 48,021,112 -- 7,869,246 6,888,906  147,126,541 
Fidelity Series Floating Rate High Income Fund 5,291,055 286,762  259,241  130,257  (5,430) (11,146 ) 9,198,349 
Fidelity Series Government Money Market Fund 1.09% 449,183,508 29,176,806  21,244,310 2,225,820  -- -- 795,402,632 
Fidelity Series Growth & Income Fund 37,258,926 13,807,062 (a) 6,804,790 193,065 96,090 2,655,144  79,666,988 
Fidelity Series Growth Company Fund 43,774,948 1,015,728 11,297,735 -- 4,004,153 2,928,174  69,436,388 
Fidelity Series High Income Fund 32,354,262 1,819,776 1,713,805 965,604  (21,219) 663,612  57,073,291 
Fidelity Series Inflation-Protected Bond Index Fund 80,976,154 3,835,263  3,994,363 51,511  (97,886) (418,778 ) 141,211,540 
Fidelity Series International Credit Fund -- 1,046,127  409 -- -- 1,207  1,859,314 
Fidelity Series International Growth Fund 56,577,829 3,398,403  9,445,556 -- 836,813 7,083,462  105,350,554 
Fidelity Series International Small Cap Fund 12,490,172 1,050,900  927,387 -- 17,541 2,175,890  25,616,337 
Fidelity Series International Value Fund 56,718,964 4,744,118  7,775,798 -- 275,768 7,082,273  107,840,926 
Fidelity Series Intrinsic Opportunities Fund 34,027,643 15,005,333 (a) 711,307 603,421  13,103 2,151,197  86,481,157 
Fidelity Series Investment Grade Bond Fund 801,856,863 40,887,391  39,531,927  10,836,622 86,271 5,740,953  1,414,112,620 
Fidelity Series Long-Term Treasury Bond Index Fund 751,776 54,474,403  476,221 195,181  (19,255) (764,094 ) 69,452,350 
Fidelity Series Opportunistic Insights Fund 24,263,870 667,013 5,750,287 -- 2,241,273 868,680  38,348,857 
Fidelity Series Real Estate Equity Fund 4,491,516 294,075 742,857 33,609  138,226 (192,606 ) 6,888,212 
Fidelity Series Real Estate Income Fund 10,269,443 771,880 629,507 255,916  15,237 50,792  18,127,453 
Fidelity Series Short-Term Credit Fund 149,257,239 5,722,390  7,281,948 1,287,011  (5,196) (31,413 ) 257,342,870 
Fidelity Series Small Cap Discovery Fund 6,625,176 204,186 1,212,021 28,183 149,823 348,527  10,213,284 
Fidelity Series Small Cap Opportunities Fund 19,807,202 2,764,109  3,288,910  58,561  467,937 (985,063 ) 31,493,635 
Fidelity Series Stock Selector Large Cap Value Fund 37,719,914 1,181,044 6,271,687 -- 1,036,718 1,152,314  59,286,306 
Fidelity Series Value Discovery Fund 52,910,613 1,137,092  31,136,204 (a) 388,337 6,370,055 (5,186,817 ) 41,121,502 
Total $2,137,753,157 $ 213,195,953  $ 225,826,002  $17,975,376  $ 25,327,965 $34,050,182  $3,797,475,916 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,500,267,103) — See accompanying schedule  $3,797,475,916 
Cash  13 
Receivable for investments sold  601,884 
Receivable for fund shares sold  6,403,068 
Dividends receivable  672,850 
Total assets  3,805,153,731 
Liabilities   
Payable for fund shares redeemed $7,035,650  
Accrued management fee 1,395,115  
Total liabilities  8,430,765 
Net Assets  $3,796,722,966 
Net Assets consist of:   
Paid in capital  $3,466,779,086 
Undistributed net investment income  4,462,550 
Accumulated undistributed net realized gain (loss) on investments  28,272,517 
Net unrealized appreciation (depreciation) on investments  297,208,813 
Net Assets  $3,796,722,966 
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($2,141,916,796 ÷ 180,750,083 shares)  $11.85 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,648,136,293 ÷ 139,222,585 shares)  $11.84 
Class K6:   
Net Asset Value, offering price and redemption price per share ($6,669,877 ÷ 563,115 shares)  $11.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $17,975,376 
Expenses   
Management fee $3,739,557  
Independent trustees' fees and expenses 3,897  
Total expenses before reductions 3,743,454  
Expense reductions (1,400) 3,742,054 
Net investment income (loss)  14,233,322 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 25,327,965  
Capital gain distributions from underlying funds 8,504,511  
Total net realized gain (loss)  33,832,476 
Change in net unrealized appreciation (depreciation) on underlying funds  34,050,182 
Net gain (loss)  67,882,658 
Net increase (decrease) in net assets resulting from operations  $82,115,980 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,233,322 $36,768,529 
Net realized gain (loss) 33,832,476 31,357,348 
Change in net unrealized appreciation (depreciation) 34,050,182 59,659,034 
Net increase (decrease) in net assets resulting from operations 82,115,980 127,784,911 
Distributions to shareholders from net investment income (12,627,158) (37,016,596) 
Distributions to shareholders from net realized gain (14,993,579) (32,674,118) 
Total distributions (27,620,737) (69,690,714) 
Share transactions - net increase (decrease) 1,604,475,573 (105,335,895) 
Total increase (decrease) in net assets 1,658,970,816 (47,241,698) 
Net Assets   
Beginning of period 2,137,752,150 2,184,993,848 
End of period $3,796,722,966 $2,137,752,150 
Other Information   
Undistributed net investment income end of period $4,462,550 $2,856,386 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Income Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.57 $11.26 $11.75 $11.86 $11.91 $11.60 
Income from Investment Operations       
Net investment income (loss)A .06 .19 .21 .21 .16 .15 
Net realized and unrealized gain (loss) .37 .49 (.27) .28 .30 .40 
Total from investment operations .43 .68 (.06) .49 .46 .55 
Distributions from net investment income (.07) (.20)B (.21) (.20) (.16) (.16) 
Distributions from net realized gain (.08) (.17)B (.22) (.40) (.35) (.08) 
Total distributions (.15) (.37) (.43) (.60) (.51) (.24) 
Net asset value, end of period $11.85 $11.57 $11.26 $11.75 $11.86 $11.91 
Total ReturnC,D 3.76% 6.16% (.45)% 4.31% 3.95% 4.79% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .31%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .31%G -% -% -% -% -% 
Expenses net of all reductions .31%G -% -% -% -% -% 
Net investment income (loss) 1.06%G 1.70% 1.86% 1.77% 1.37% 1.32% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,141,917 $2,137,752 $2,184,994 $2,483,848 $1,935,210 $2,191,666 
Portfolio turnover rateE 20 %G,I 31% 20% 26%I 31% 14% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.76 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .05 
Total from investment operations .11 
Distributions from net investment income (.03) 
Distributions from net realized gain – 
Total distributions (.03) 
Net asset value, end of period $11.84 
Total ReturnC,D .93% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .46%G,H 
Expenses net of fee waivers, if any .46%G,H 
Expenses net of all reductions .46%G,H 
Net investment income (loss) 3.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,648,136 
Portfolio turnover rateE 20%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Income Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.68 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .14 
Total from investment operations .20 
Distributions from net investment income (.04) 
Distributions from net realized gain – 
Total distributions (.04) 
Net asset value, end of period $11.84 
Total ReturnC,D 1.69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .37%G 
Expenses net of fee waivers, if any .37%G 
Expenses net of all reductions .37%G 
Net investment income (loss) 1.74%G 
Supplemental Data  
Net assets, end of period (000 omitted) $6,670 
Portfolio turnover rateE 20%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 33.6 33.7 
Fidelity Series Government Money Market Fund 1.09% 16.2 15.9 
Fidelity Series Short-Term Credit Fund 5.1 5.3 
Fidelity Series Emerging Markets Fund 4.7 5.7 
Fidelity Series International Value Fund 3.9 3.8 
Fidelity Series International Growth Fund 3.8 3.8 
Fidelity Series Intrinsic Opportunities Fund 3.4 2.4 
Fidelity Series Inflation-Protected Bond Index Fund 3.3 3.3 
Fidelity Series Growth & Income Fund 3.2 2.6 
Fidelity Series Growth Company Fund 2.8 3.1 
 80.0 79.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.3% 
   International Equity Funds 13.7% 
   Bond Funds 41.7% 
   Short-Term Funds 21.3% 


Six months ago 
   Domestic Equity Funds 24.7% 
   International Equity Funds 14.1% 
   Bond Funds 40.0% 
   Short-Term Funds 21.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 451,702 $7,484,705 
Fidelity Series 1000 Value Index Fund (a) 722,615 9,076,045 
Fidelity Series All-Sector Equity Fund (a) 1,046,567 13,992,598 
Fidelity Series Blue Chip Growth Fund (a) 1,081,621 14,320,657 
Fidelity Series Commodity Strategy Fund (a) 3,932,099 20,564,880 
Fidelity Series Growth & Income Fund (a) 2,161,904 32,882,555 
Fidelity Series Growth Company Fund (a) 1,665,186 28,574,590 
Fidelity Series Intrinsic Opportunities Fund (a) 2,014,148 34,603,056 
Fidelity Series Opportunistic Insights Fund (a) 865,632 15,780,478 
Fidelity Series Real Estate Equity Fund (a) 219,906 2,838,988 
Fidelity Series Small Cap Discovery Fund (a) 350,312 4,203,750 
Fidelity Series Small Cap Opportunities Fund (a) 928,294 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund (a) 1,843,274 24,497,105 
Fidelity Series Value Discovery Fund (a) 1,266,763 16,999,960 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $187,374,093)  238,796,911 
International Equity Funds - 13.7%   
Fidelity Series Canada Fund (a) 370,327 3,940,275 
Fidelity Series Emerging Markets Fund (a) 2,369,544 48,812,600 
Fidelity Series International Growth Fund (a) 2,429,282 38,601,291 
Fidelity Series International Small Cap Fund (a) 526,012 9,420,877 
Fidelity Series International Value Fund (a) 3,693,836 39,782,609 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $106,946,186)  140,557,652 
Bond Funds - 41.7%   
Fidelity Series Emerging Markets Debt Fund(a) 737,180 7,710,904 
Fidelity Series Floating Rate High Income Fund (a) 259,457 2,462,249 
Fidelity Series High Income Fund (a) 1,578,873 15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,395,739 33,583,861 
Fidelity Series International Credit Fund (a) 50,583 508,355 
Fidelity Series Investment Grade Bond Fund (a) 30,439,533 344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,225,299 19,560,374 
Fidelity Series Real Estate Income Fund (a) 439,887 4,913,536 
TOTAL BOND FUNDS   
(Cost $431,303,789)  428,404,410 
Short-Term Funds - 21.3%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 166,368,100 166,368,100 
Fidelity Series Short-Term Credit Fund (a) 5,227,091 52,218,642 
TOTAL SHORT-TERM FUNDS   
(Cost $218,566,386)  218,586,742 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $944,190,454)  1,026,345,715 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (396,450) 
NET ASSETS - 100%  $1,025,949,265 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $4,687,350 $220,852 $777,002 $-- $272,312 $123,563  $7,484,705 
Fidelity Series 1000 Value Index Fund 5,728,190 268,370 829,602 -- 27,589 333,353  9,076,045 
Fidelity Series All-Sector Equity Fund 8,840,190 415,126 1,565,228 -- 40,239 724,961  13,992,598 
Fidelity Series Blue Chip Growth Fund 9,019,055 1,669,043  2,060,775  27,780  472,549 (479,236 ) 14,320,657 
Fidelity Series Canada Fund -- 3,458,266  9,966 -- 63 54,172  3,940,275 
Fidelity Series Commodity Strategy Fund 9,618,952 3,245,576  606,135  31,506 (34,317) (47,638 ) 20,564,880 
Fidelity Series Emerging Markets Debt Fund 4,351,269 342,939  179,538  140,359  1,345 78,601  7,710,904 
Fidelity Series Emerging Markets Fund 33,214,881 1,673,278  14,713,102 -- 1,832,799 3,091,704  48,812,600 
Fidelity Series Floating Rate High Income Fund 1,443,737 107,949  73,862  34,343  (590) (3,963 ) 2,462,249 
Fidelity Series Government Money Market Fund 1.09% 93,037,687 10,890,184  4,614,642 452,112  -- -- 166,368,100 
Fidelity Series Growth & Income Fund 15,197,493 6,046,260 (a) 2,280,940 81,582  16,646 1,108,344  32,882,555 
Fidelity Series Growth Company Fund 17,856,033 588,531 4,076,629 -- 1,401,123 1,477,803  28,574,590 
Fidelity Series High Income Fund 8,842,210 690,361  443,871 256,024  317 173,909  15,394,010 
Fidelity Series Inflation-Protected Bond Index Fund 19,379,371 1,516,183  1,002,280 11,831  (67,673) (48,673 ) 33,583,861 
Fidelity Series International Credit Fund -- 298,759  431 -- -- 454 508,355 
Fidelity Series International Growth Fund 21,908,894 1,150,957 3,693,439 -- 449,461 2,601,049  38,601,291 
Fidelity Series International Small Cap Fund 4,894,618 363,966  458,751  -- 26,076 825,565  9,420,877 
Fidelity Series International Value Fund 21,965,189 1,673,294 2,777,920 -- 46,254 2,750,566  39,782,609 
Fidelity Series Intrinsic Opportunities Fund 13,804,364 6,563,982 (a) 348,265 241,221  5,815 888,066  34,603,056 
Fidelity Series Investment Grade Bond Fund 196,594,195 16,213,511  9,723,475  2,583,153  (12,266) 1,525,258  344,271,121 
Fidelity Series Long-Term Treasury Bond Index Fund 181,407 15,768,264  141,002 51,423 (4,398) (205,421 ) 19,560,374 
Fidelity Series Opportunistic Insights Fund 9,897,007 469,692 2,148,014 -- 766,962 525,846  15,780,478 
Fidelity Series Real Estate Equity Fund 1,819,013 157,860 248,715 14,239  10,819 (32,662 ) 2,838,988 
Fidelity Series Real Estate Income Fund 2,851,782 268,873 167,895 72,252  736 16,929  4,913,536 
Fidelity Series Short-Term Credit Fund 30,870,409 1,822,169  1,594,554 256,695  (540) (2,863 ) 52,218,642 
Fidelity Series Small Cap Discovery Fund 2,702,182 135,693  438,482  11,750 48,101 155,583  4,203,750 
Fidelity Series Small Cap Opportunities Fund 8,077,116 1,296,722  1,153,982  24,180  74,066 (285,950 ) 12,977,544 
Fidelity Series Stock Selector Large Cap Value Fund 15,385,439 722,964 2,123,481 -- 64,284 845,955 24,497,105 
Fidelity Series Value Discovery Fund 21,581,521 691,803 12,423,519(a) 162,799 1,024,666 (537,382 ) 16,999,960 
Total $583,749,554 $78,731,427  $70,675,497  $4,453,249  $6,462,438  $15,657,893  $1,026,345,715 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $944,190,454) — See accompanying schedule  $1,026,345,715 
Cash  12 
Receivable for investments sold  
Receivable for fund shares sold  1,639,541 
Total assets  1,027,985,276 
Liabilities   
Payable for investments purchased $259,400  
Payable for fund shares redeemed 1,378,936  
Accrued management fee 397,675  
Total liabilities  2,036,011 
Net Assets  $1,025,949,265 
Net Assets consist of:   
Paid in capital  $932,726,964 
Undistributed net investment income  3,333,274 
Accumulated undistributed net realized gain (loss) on investments  7,733,766 
Net unrealized appreciation (depreciation) on investments  82,155,261 
Net Assets  $1,025,949,265 
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($595,517,477 ÷ 47,173,970 shares)  $12.62 
Class K:   
Net Asset Value, offering price and redemption price per share ($428,058,469 ÷ 33,916,786 shares)  $12.62 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,373,319 ÷ 187,944 shares)  $12.63 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $4,453,249 
Expenses   
Management fee $1,088,388  
Independent trustees' fees and expenses 1,076  
Total expenses before reductions 1,089,464  
Expense reductions (383) 1,089,081 
Net investment income (loss)  3,364,168 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 6,462,438  
Capital gain distributions from underlying funds 3,485,211  
Total net realized gain (loss)  9,947,649 
Change in net unrealized appreciation (depreciation) on underlying funds  15,657,893 
Net gain (loss)  25,605,542 
Net increase (decrease) in net assets resulting from operations  $28,969,710 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,364,168 $9,931,239 
Net realized gain (loss) 9,947,649 8,364,571 
Change in net unrealized appreciation (depreciation) 15,657,893 26,065,382 
Net increase (decrease) in net assets resulting from operations 28,969,710 44,361,192 
Distributions to shareholders from net investment income (1,620,929) (10,200,069) 
Distributions to shareholders from net realized gain (5,291,856) (7,369,706) 
Total distributions (6,912,785) (17,569,775) 
Share transactions - net increase (decrease) 420,138,654 (23,764,200) 
Total increase (decrease) in net assets 442,195,579 3,027,217 
Net Assets   
Beginning of period 583,753,686 580,726,469 
End of period $1,025,949,265 $583,753,686 
Other Information   
Undistributed net investment income end of period $3,333,274 $1,590,035 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2005 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.20 $11.66 $12.24 $12.01 $11.53 $11.11 
Income from Investment Operations       
Net investment income (loss)A .05 .20 .22 .22 .16 .15 
Net realized and unrealized gain (loss) .52 .71 (.34) .40 .58 .51 
Total from investment operations .57 .91 (.12) .62 .74 .66 
Distributions from net investment income (.03) (.22)B (.22) (.23) (.15) (.17) 
Distributions from net realized gain (.11) (.15)B (.23) (.17) (.10) (.07) 
Total distributions (.15)C (.37) (.46)D (.39)E (.26)F (.24) 
Net asset value, end of period $12.62 $12.20 $11.66 $12.24 $12.01 $11.53 
Total ReturnG,H 4.67% 7.91% (1.01)% 5.26% 6.43% 5.99% 
Ratios to Average Net AssetsI,J       
Expenses before reductions .33%K - %L - %L - %L - %L - %L 
Expenses net of fee waivers, if any .33%K -% -% -% -% -% 
Expenses net of all reductions .33%K -% -% -% -% -% 
Net investment income (loss) .86%K 1.70% 1.87% 1.79% 1.38% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $595,517 $583,754 $580,726 $639,723 $668,987 $704,183 
Portfolio turnover rateI 24%K,M 31% 22% 23% 44% 22% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.034 and distributions from net realized gain of $.111 per share.

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.223 and distributions from net realized gain of $.234 per share.

 E Total distributions of $.39 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.168 per share.

 F Total distributions of $.26 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.103 per share.

 G Total returns for periods of less than one year are not annualized.

 H Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 I Amounts do not include the activity of the Underlying Funds.

 J Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 K Annualized

 L Amount represents less than $.005%

 M The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.48 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .06 
Total from investment operations .14 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.62 
Total ReturnC,D 1.12% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G,H 
Expenses net of fee waivers, if any .45%G,H 
Expenses net of all reductions .45%G,H 
Net investment income (loss) 3.20%G 
Supplemental Data  
Net assets, end of period (000 omitted) $428,058 
Portfolio turnover rateE 24%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2005 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.36 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .21 
Total from investment operations .27 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $12.63 
Total ReturnC,D 2.18% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .38%G 
Expenses net of fee waivers, if any .38%G 
Expenses net of all reductions .38%G 
Net investment income (loss) 1.61%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,373 
Portfolio turnover rateE 24%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 30.1 30.3 
Fidelity Series Government Money Market Fund 1.09% 12.5 12.2 
Fidelity Series Emerging Markets Fund 5.7 6.5 
Fidelity Series International Value Fund 4.7 4.7 
Fidelity Series International Growth Fund 4.6 4.7 
Fidelity Series Intrinsic Opportunities Fund 4.3 3.0 
Fidelity Series Growth & Income Fund 4.1 3.3 
Fidelity Series Short-Term Credit Fund 3.9 4.0 
Fidelity Series Growth Company Fund 3.6 3.9 
Fidelity Series Stock Selector Large Cap Value Fund 3.1 3.3 
 76.6 75.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.4% 
   International Equity Funds 16.6% 
   Bond Funds 37.6% 
   Short-Term Funds 16.4% 


Six months ago 
   Domestic Equity Funds 30.9% 
   International Equity Funds 16.9% 
   Bond Funds 36.0% 
   Short-Term Funds 16.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.4%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 3,867,315 $64,081,403 
Fidelity Series 1000 Value Index Fund (a) 6,175,372 77,562,670 
Fidelity Series All-Sector Equity Fund (a) 8,959,938 119,794,371 
Fidelity Series Blue Chip Growth Fund (a) 9,260,377 122,607,396 
Fidelity Series Commodity Strategy Fund (a) 25,892,028 135,415,305 
Fidelity Series Growth & Income Fund (a) 18,464,744 280,848,758 
Fidelity Series Growth Company Fund (a) 14,255,793 244,629,402 
Fidelity Series Intrinsic Opportunities Fund (a) 16,965,860 291,473,483 
Fidelity Series Opportunistic Insights Fund (a) 7,411,484 135,111,362 
Fidelity Series Real Estate Equity Fund (a) 1,880,314 24,274,848 
Fidelity Series Small Cap Discovery Fund (a) 2,998,064 35,976,770 
Fidelity Series Small Cap Opportunities Fund (a) 7,945,661 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund (a) 15,726,506 209,005,264 
Fidelity Series Value Discovery Fund (a) 10,828,562 145,319,309 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,504,391,456)  1,997,180,683 
International Equity Funds - 16.6%   
Fidelity Series Canada Fund (a) 3,006,314 31,987,182 
Fidelity Series Emerging Markets Fund (a) 18,646,287 384,113,521 
Fidelity Series International Growth Fund (a) 19,727,323 313,467,163 
Fidelity Series International Small Cap Fund (a) 4,264,215 76,372,083 
Fidelity Series International Value Fund (a) 29,930,090 322,347,065 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $841,379,615)  1,128,287,014 
Bond Funds - 37.6%   
Fidelity Series Emerging Markets Debt Fund (a) 4,864,914 50,887,001 
Fidelity Series Floating Rate High Income Fund (a) 1,700,968 16,142,182 
Fidelity Series High Income Fund (a) 10,399,179 101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund (a) 17,981,992 177,841,897 
Fidelity Series International Credit Fund (a) 339,098 3,407,930 
Fidelity Series Investment Grade Bond Fund (a) 180,765,791 2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 14,780,740 129,922,702 
Fidelity Series Real Estate Income Fund (a) 2,890,295 32,284,597 
TOTAL BOND FUNDS   
(Cost $2,567,035,060)  2,556,339,404 
Short-Term Funds - 16.4%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 848,385,738 848,385,738 
Fidelity Series Short-Term Credit Fund (a) 26,205,575 261,793,698 
TOTAL SHORT-TERM FUNDS   
(Cost $1,110,132,571)  1,110,179,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,022,938,702)  6,791,986,537 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,046,304) 
NET ASSETS - 100%  $6,789,940,233 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $42,164,646 $946,226 $6,186,963 $-- $2,447,671 $1,036,305  $64,081,403 
Fidelity Series 1000 Value Index Fund 51,526,879 1,136,565 6,541,629 -- 239,011 2,871,499  77,562,670 
Fidelity Series All-Sector Equity Fund 79,520,284 1,773,206 12,561,684 -- 684,229 6,057,140  119,794,371 
Fidelity Series Blue Chip Growth Fund 81,130,669 12,460,782 16,958,620 238,046  4,094,263 (3,747,514 ) 122,607,396 
Fidelity Series Canada Fund -- 26,648,022  112,409 -- 757 507,716  31,987,182 
Fidelity Series Commodity Strategy Fund 66,580,114 22,430,735  4,809,191 207,671  (2,643,966) 2,152,458  135,415,305 
Fidelity Series Emerging Markets Debt Fund 30,964,719 1,718,371  1,451,036  1,013,754  7,230 575,474  50,887,001 
Fidelity Series Emerging Markets Fund 271,438,238 6,573,919 104,144,607 -- 13,853,391 26,035,900  384,113,521 
Fidelity Series Floating Rate High Income Fund 10,226,318 486,733  597,965  246,420  (15,389) (16,446 ) 16,142,182 
Fidelity Series Government Money Market Fund 1.09% 504,760,496 52,805,422  29,121,121 2,513,350  -- -- 848,385,738 
Fidelity Series Growth & Income Fund 136,706,954 50,627,998 (a) 18,091,583 737,825  501,106 8,984,064  280,848,758 
Fidelity Series Growth Company Fund 160,622,872 3,309,113 35,614,170 -- 12,203,015 13,437,494  244,629,402 
Fidelity Series High Income Fund 62,714,112 3,319,569 3,592,571 1,839,959  (47,590) 1,225,802  101,391,999 
Fidelity Series Inflation-Protected Bond Index Fund 110,955,952 5,785,823  6,577,841 69,038  (618,985) 85,304  177,841,897 
Fidelity Series International Credit Fund -- 2,089,683  787 -- -- 3,934  3,407,930 
Fidelity Series International Growth Fund 192,889,582 4,799,241 32,464,612 -- 7,285,665 19,013,277  313,467,163 
Fidelity Series International Small Cap Fund 43,404,977 1,108,945 4,065,057 -- 717,397 6,644,500  76,372,083 
Fidelity Series International Value Fund 193,388,884 7,539,475 23,786,322 -- 783,356 22,908,673  322,347,065 
Fidelity Series Intrinsic Opportunities Fund 123,853,701 54,514,180 (a) 2,482,706 2,034,963  30,821 8,098,284  291,473,483 
Fidelity Series Investment Grade Bond Fund 1,251,611,176 77,918,734  71,402,565  16,753,535 129,742 10,377,411  2,044,461,096 
Fidelity Series Long-Term Treasury Bond Index Fund 1,150,158 106,826,037  1,205,855 370,756  (48,263) (1,271,978 ) 129,922,702 
Fidelity Series Opportunistic Insights Fund 89,027,558 2,000,638 17,580,099 -- 6,644,175 4,832,134  135,111,362 
Fidelity Series Real Estate Equity Fund 16,232,403 980,005 1,819,482 127,978  259,220 (441,421 ) 24,274,848 
Fidelity Series Real Estate Income Fund 20,314,432 1,327,936 1,601,740 500,538  58,479 75,729  32,284,597 
Fidelity Series Short-Term Credit Fund 167,320,535 5,342,134 9,908,315 1,410,053  (4,951) 39,109  261,793,698 
Fidelity Series Small Cap Discovery Fund 24,305,650 627,547 3,486,852 105,199  417,263 1,307,943  35,976,770 
Fidelity Series Small Cap Opportunities Fund 72,102,603 9,489,640 8,480,906 207,143  842,163 (2,639,034 ) 111,080,342 
Fidelity Series Stock Selector Large Cap Value Fund 138,322,291 3,130,694 16,819,000 -- 3,023,129 4,819,266  209,005,264 
Fidelity Series Value Discovery Fund 194,132,279 3,631,141 109,795,378(a) 1,469,911 20,019,291 (15,861,274 ) 145,319,309 
Total $4,137,368,482 $471,348,514 $551,261,066 $29,846,139 $70,862,230 $117,111,749  $6,791,986,537 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $6,022,938,702) — See accompanying schedule  $6,791,986,537 
Cash  145 
Receivable for investments sold  4,859,805 
Receivable for fund shares sold  6,884,600 
Dividends receivable  835,765 
Other receivables  81,154 
Total assets  6,804,648,006 
Liabilities   
Payable for fund shares redeemed $11,763,850  
Accrued management fee 2,862,770  
Other payables and accrued expenses 81,153  
Total liabilities  14,707,773 
Net Assets  $6,789,940,233 
Net Assets consist of:   
Paid in capital  $5,909,739,386 
Undistributed net investment income  21,491,398 
Accumulated undistributed net realized gain (loss) on investments  89,661,614 
Net unrealized appreciation (depreciation) on investments  769,047,835 
Net Assets  $6,789,940,233 
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($4,166,501,440 ÷ 257,670,054 shares)  $16.17 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,610,006,365 ÷ 161,367,296 shares)  $16.17 
Class K6:   
Net Asset Value, offering price and redemption price per share ($13,432,428 ÷ 830,434 shares)  $16.18 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $29,846,139 
Expenses   
Management fee $8,148,129  
Independent trustees' fees and expenses 8,448  
Total expenses before reductions 8,156,577  
Expense reductions (3,152) 8,153,425 
Net investment income (loss)  21,692,714 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 70,862,230  
Capital gain distributions from underlying funds 29,951,597  
Total net realized gain (loss)  100,813,827 
Change in net unrealized appreciation (depreciation) on underlying funds  117,111,749 
Net gain (loss)  217,925,576 
Net increase (decrease) in net assets resulting from operations  $239,618,290 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $21,692,714 $71,245,001 
Net realized gain (loss) 100,813,827 79,597,248 
Change in net unrealized appreciation (depreciation) 117,111,749 221,525,569 
Net increase (decrease) in net assets resulting from operations 239,618,290 372,367,818 
Distributions to shareholders from net investment income (11,553,873) (71,220,043) 
Distributions to shareholders from net realized gain (49,891,727) (73,776,491) 
Total distributions (61,445,600) (144,996,534) 
Share transactions - net increase (decrease) 2,474,407,932 (361,162,304) 
Total increase (decrease) in net assets 2,652,580,622 (133,791,020) 
Net Assets   
Beginning of period 4,137,359,611 4,271,150,631 
End of period $6,789,940,233 $4,137,359,611 
Other Information   
Undistributed net investment income end of period $21,491,398 $11,352,557 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2010 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.56 $14.75 $15.75 $15.51 $14.67 $13.99 
Income from Investment Operations       
Net investment income (loss)A .06 .26 .28 .28 .22 .22 
Net realized and unrealized gain (loss) .78 1.08 (.50) .62 .99 .80 
Total from investment operations .84 1.34 (.22) .90 1.21 1.02 
Distributions from net investment income (.04) (.26) (.29) (.29) (.21) (.24) 
Distributions from net realized gain (.19) (.26) (.49) (.36) (.16) (.10) 
Total distributions (.23) (.53)B (.78) (.66)C (.37) (.34) 
Net asset value, end of period $16.17 $15.56 $14.75 $15.75 $15.51 $14.67 
Total ReturnD,E 5.48% 9.27% (1.42)% 5.91% 8.31% 7.43% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .36%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .36%H -% -% -% -% -% 
Expenses net of all reductions .36%H -% -% -% -% -% 
Net investment income (loss) .78%H 1.69% 1.86% 1.81% 1.43% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,166,501 $4,137,360 $4,271,151 $4,940,590 $5,419,921 $5,879,292 
Portfolio turnover rateF 22%H,J 23% 17% 18% 35% 19% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.53 per share is comprised of distributions from net investment income of $.262 and distributions from net realized gain of $.264 per share.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.294 and distributions from net realized gain of $.361 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.96 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .10 
Total from investment operations .21 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.17 
Total ReturnC,D 1.32% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G,H 
Expenses net of fee waivers, if any .49%G,H 
Expenses net of all reductions .49%G,H 
Net investment income (loss) 3.54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,610,006 
Portfolio turnover rateE 22%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2010 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.77 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .33 
Total from investment operations .41 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.18 
Total ReturnC,D 2.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .39%G,H 
Expenses net of fee waivers, if any .39%G,H 
Expenses net of all reductions .39%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,432 
Portfolio turnover rateE 22%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 26.5 26.6 
Fidelity Series Government Money Market Fund 1.09% 9.1 8.8 
Fidelity Series Emerging Markets Fund 6.3 7.2 
Fidelity Series International Growth Fund 5.6 5.6 
Fidelity Series International Value Fund 5.5 5.6 
Fidelity Series Intrinsic Opportunities Fund 5.3 3.6 
Fidelity Series Growth & Income Fund 5.1 4.0 
Fidelity Series Growth Company Fund 4.4 4.7 
Fidelity Series Stock Selector Large Cap Value Fund 3.8 4.1 
Fidelity Series Short-Term Credit Fund 2.7 2.9 
 74.3 73.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.7% 
   International Equity Funds 19.3% 
   Bond Funds 33.2% 
   Short-Term Funds 11.8% 


Six months ago 
   Domestic Equity Funds 37.1% 
   International Equity Funds 19.7% 
   Bond Funds 31.5% 
   Short-Term Funds 11.7% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.7%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 7,294,547 $120,870,641 
Fidelity Series 1000 Value Index Fund (a) 11,655,244 146,389,861 
Fidelity Series All-Sector Equity Fund (a) 16,899,431 225,945,398 
Fidelity Series Blue Chip Growth Fund (a) 17,466,339 231,254,326 
Fidelity Series Commodity Strategy Fund (a) 39,588,244 207,046,518 
Fidelity Series Growth & Income Fund (a) 34,836,360 529,861,041 
Fidelity Series Growth Company Fund (a) 26,887,935 461,396,963 
Fidelity Series Intrinsic Opportunities Fund (a) 31,884,522 547,776,090 
Fidelity Series Opportunistic Insights Fund (a) 13,978,758 254,832,760 
Fidelity Series Real Estate Equity Fund (a) 3,536,311 45,653,777 
Fidelity Series Small Cap Discovery Fund (a) 5,647,270 67,767,243 
Fidelity Series Small Cap Opportunities Fund (a) 14,961,004 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund (a) 29,673,054 394,354,885 
Fidelity Series Value Discovery Fund (a) 20,387,461 273,599,727 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,777,048,514)  3,715,904,065 
International Equity Funds - 19.3%   
Fidelity Series Canada Fund (a) 5,474,885 58,252,772 
Fidelity Series Emerging Markets Fund (a) 32,032,751 659,874,662 
Fidelity Series International Growth Fund (a) 36,556,856 580,888,445 
Fidelity Series International Small Cap Fund (a) 7,768,717 139,137,720 
Fidelity Series International Value Fund (a) 53,595,885 577,227,685 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,491,775,626)  2,015,381,284 
Bond Funds - 33.2%   
Fidelity Series Emerging Markets Debt Fund (a) 7,241,058 75,741,469 
Fidelity Series Floating Rate High Income Fund (a) 2,585,492 24,536,321 
Fidelity Series High Income Fund (a) 15,854,373 154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,319,887 191,073,685 
Fidelity Series International Credit Fund (a) 520,794 5,233,977 
Fidelity Series Investment Grade Bond Fund (a) 243,823,247 2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,560,204 198,304,190 
Fidelity Series Real Estate Income Fund (a) 4,347,397 48,560,420 
TOTAL BOND FUNDS   
(Cost $3,438,697,548)  3,455,671,113 
Short-Term Funds - 11.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 941,466,548 941,466,548 
Fidelity Series Short-Term Credit Fund (a) 28,542,134 285,135,918 
TOTAL SHORT-TERM FUNDS   
(Cost $1,226,630,992)  1,226,602,466 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $8,934,152,680)  10,413,558,928 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (3,338,855) 
NET ASSETS - 100%  $10,410,220,073 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $66,076,673 $3,658,856 $9,238,060 $-- $2,140,470 $3,826,733  $120,870,641 
Fidelity Series 1000 Value Index Fund 80,656,571 4,432,421 9,522,999 -- 300,476 5,418,975  146,389,861 
Fidelity Series All-Sector Equity Fund 124,616,586 6,891,607 18,838,611 -- 859,021 10,589,101  225,945,398 
Fidelity Series Blue Chip Growth Fund 127,141,191 27,250,215 25,838,564 449,176 5,569,060 (7,704,198 ) 231,254,326 
Fidelity Series Canada Fund -- 43,714,617  296,406 -- 1,660 1,065,725  58,252,772 
Fidelity Series Commodity Strategy Fund 86,815,524 31,424,975  6,593,467  317,632  (1,785,543) 928,215  207,046,518 
Fidelity Series Emerging Markets Debt Fund 39,502,649 3,530,377  2,165,930  1,334,852  9,416 678,553  75,741,469 
Fidelity Series Emerging Markets Fund 385,531,580 22,753,341 155,887,829 -- 20,440,485 36,290,590  659,874,662 
Fidelity Series Floating Rate High Income Fund 13,161,870 1,083,837  890,104  328,677  (17,494) (23,964 ) 24,536,321 
Fidelity Series Government Money Market Fund 1.09% 465,951,336 74,442,393  31,461,673 2,445,086  -- -- 941,466,548 
Fidelity Series Growth & Income Fund 214,234,599 90,085,479 (a) 27,309,155 1,173,703  603,167 17,520,594  529,861,041 
Fidelity Series Growth Company Fund 251,720,311 12,525,176 53,138,053 -- 16,906,231 25,080,249  461,396,963 
Fidelity Series High Income Fund 80,807,497 7,085,943  5,349,212  2,454,800  (55,992) 1,741,061  154,580,134 
Fidelity Series Inflation-Protected Bond Index Fund 100,136,299 8,595,263  6,945,280 65,418  (213,553) (597,173 ) 191,073,685 
Fidelity Series International Credit Fund -- 2,725,054  1,593 -- -- 1,195  5,233,977 
Fidelity Series International Growth Fund 297,558,345 17,699,151 44,986,739 -- 6,632,755 34,724,425  580,888,445 
Fidelity Series International Small Cap Fund 67,362,639 4,133,626 7,427,961 -- 1,150,769 10,516,966  139,137,720 
Fidelity Series International Value Fund 298,332,821 20,464,327 48,428,562 -- 1,511,866 37,036,899  577,227,685 
Fidelity Series Intrinsic Opportunities Fund 192,372,784 98,647,716 (a) 1,704,395 3,823,770  (5,598) 11,758,847  547,776,090 
Fidelity Series Investment Grade Bond Fund 1,419,019,666 148,413,447  93,816,686  19,770,738  (114,624) 8,782,887  2,757,640,917 
Fidelity Series Long-Term Treasury Bond Index Fund 1,278,499 155,717,243  1,916,202 511,695  (81,544) (2,220,250 ) 198,304,190 
Fidelity Series Opportunistic Insights Fund 139,516,224 7,767,337 26,613,754 -- 9,035,590 9,817,475  254,832,760 
Fidelity Series Real Estate Equity Fund 25,334,235 2,603,365 2,694,981 206,902  50,077 (420,142 ) 45,653,777 
Fidelity Series Real Estate Income Fund 26,101,304 2,587,536  2,148,323  654,615  121,461 37,231  48,560,420 
Fidelity Series Short-Term Credit Fund 154,330,220 10,162,475  10,654,959  1,350,190  (3,750) (94,505 ) 285,135,918 
Fidelity Series Small Cap Discovery Fund 38,011,077 2,200,249  5,147,297  168,300  539,249 2,823,589  67,767,243 
Fidelity Series Small Cap Opportunities Fund 112,505,917 21,072,338  12,015,733  390,215  935,362 (4,364,704 ) 209,154,835 
Fidelity Series Stock Selector Large Cap Value Fund 215,817,782 11,917,131 23,721,293  -- 1,831,301 12,605,472  394,354,885 
Fidelity Series Value Discovery Fund 303,444,086 10,770,749 170,304,601(a) 2,329,667 29,494,897 (21,567,872 ) 273,599,727 
Total $5,327,338,285 $854,356,244 $805,058,422 $37,775,436  $95,855,215 $194,251,974  $10,413,558,928 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,934,152,680) — See accompanying schedule  $10,413,558,928 
Cash  261 
Receivable for investments sold  1,769,504 
Receivable for fund shares sold  11,075,836 
Dividends receivable  1,359,589 
Total assets  10,427,764,118 
Liabilities   
Payable for fund shares redeemed $12,876,849  
Accrued management fee 4,667,196  
Total liabilities  17,544,045 
Net Assets  $10,410,220,073 
Net Assets consist of:   
Paid in capital  $8,766,379,397 
Undistributed net investment income  25,763,063 
Accumulated undistributed net realized gain (loss) on investments  138,671,365 
Net unrealized appreciation (depreciation) on investments  1,479,406,248 
Net Assets  $10,410,220,073 
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($5,432,013,739 ÷ 405,061,495 shares)  $13.41 
Class K:   
Net Asset Value, offering price and redemption price per share ($4,936,256,589 ÷ 368,158,182 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($41,949,745 ÷ 3,127,342 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $37,775,436 
Expenses   
Management fee $11,922,536  
Independent trustees' fees and expenses 9,786  
Total expenses before reductions 11,932,322  
Expense reductions (3,493) 11,928,829 
Net investment income (loss)  25,846,607 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 95,855,215  
Capital gain distributions from underlying funds 55,140,091  
Total net realized gain (loss)  150,995,306 
Change in net unrealized appreciation (depreciation) on underlying funds  194,251,974 
Net gain (loss)  345,247,280 
Net increase (decrease) in net assets resulting from operations  $371,093,887 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,846,607 $89,650,009 
Net realized gain (loss) 150,995,306 106,292,644 
Change in net unrealized appreciation (depreciation) 194,251,974 338,617,512 
Net increase (decrease) in net assets resulting from operations 371,093,887 534,560,165 
Distributions to shareholders from net investment income (13,537,555) (89,847,108) 
Distributions to shareholders from net realized gain (71,790,066) (104,826,159) 
Total distributions (85,327,621) (194,673,267) 
Share transactions - net increase (decrease) 4,797,140,364 (366,715,793) 
Total increase (decrease) in net assets 5,082,906,630 (26,828,895) 
Net Assets   
Beginning of period 5,327,313,443 5,354,142,338 
End of period $10,410,220,073 $5,327,313,443 
Other Information   
Undistributed net investment income end of period $25,763,063 $13,454,011 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2015 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.82 $12.03 $12.92 $12.91 $12.28 $11.69 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .23 .23 .18 .18 
Net realized and unrealized gain (loss) .76 1.04 (.46) .57 .91 .69 
Total from investment operations .80 1.25 (.23) .80 1.09 .87 
Distributions from net investment income (.03) (.21) (.23) (.25) (.18) (.20) 
Distributions from net realized gain (.18) (.24) (.43) (.54) (.28) (.08) 
Total distributions (.21) (.46)B (.66) (.79) (.46) (.28) 
Net asset value, end of period $13.41 $12.82 $12.03 $12.92 $12.91 $12.28 
Total ReturnC,D 6.29% 10.63% (1.83)% 6.42% 8.95% 7.60% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .39%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .39%G -% -% -% -% -% 
Expenses net of all reductions .39%G -% -% -% -% -% 
Net investment income (loss) .59%G 1.69% 1.87% 1.83% 1.47% 1.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,432,014 $5,327,313 $5,354,142 $6,056,161 $6,388,485 $6,507,169 
Portfolio turnover rateE 29%G,I 21% 17% 18% 39% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.46 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.243 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H Amount represents less than $.005%

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.21 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .12 
Total from investment operations .20 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 1.51% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .53%G,H 
Expenses net of fee waivers, if any .53%G,H 
Expenses net of all reductions .53%G,H 
Net investment income (loss) 3.35%G 
Supplemental Data  
Net assets, end of period (000 omitted) $4,936,257 
Portfolio turnover rateE 29%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2015 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.03 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .32 
Total from investment operations .38 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.92% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .41%G,H 
Expenses net of fee waivers, if any .41%G,H 
Expenses net of all reductions .41%G,H 
Net investment income (loss) 1.51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $41,950 
Portfolio turnover rateE 29%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 23.9 24.2 
Fidelity Series Emerging Markets Fund 6.9 7.7 
Fidelity Series Government Money Market Fund 1.09% 6.8 6.6 
Fidelity Series International Value Fund 6.2 6.3 
Fidelity Series International Growth Fund 6.1 6.2 
Fidelity Series Intrinsic Opportunities Fund 5.8 4.0 
Fidelity Series Growth & Income Fund 5.8 4.5 
Fidelity Series Growth Company Fund 5.0 5.3 
Fidelity Series Stock Selector Large Cap Value Fund 4.3 4.6 
Fidelity Series Value Discovery Fund 3.0 6.4 
 73.8 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 40.1% 
   International Equity Funds 21.3% 
   Bond Funds 29.8% 
   Short-Term Funds 8.8% 


Six months ago 
   Domestic Equity Funds 41.4% 
   International Equity Funds 21.6% 
   Bond Funds 28.2% 
   Short-Term Funds 8.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 40.1%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,764,418 $393,776,399 
Fidelity Series 1000 Value Index Fund (a) 37,970,318 476,907,194 
Fidelity Series All-Sector Equity Fund (a) 55,060,752 736,162,260 
Fidelity Series Blue Chip Growth Fund (a) 56,905,430 753,427,895 
Fidelity Series Commodity Strategy Fund (a) 113,632,510 594,298,026 
Fidelity Series Growth & Income Fund (a) 113,430,079 1,725,271,497 
Fidelity Series Growth Company Fund (a) 87,604,274 1,503,289,346 
Fidelity Series Intrinsic Opportunities Fund (a) 101,182,512 1,738,315,556 
Fidelity Series Opportunistic Insights Fund (a) 45,539,608 830,187,061 
Fidelity Series Real Estate Equity Fund (a) 11,516,962 148,683,977 
Fidelity Series Small Cap Discovery Fund (a) 18,424,189 221,090,266 
Fidelity Series Small Cap Opportunities Fund (a) 48,834,105 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund (a) 96,708,103 1,285,250,693 
Fidelity Series Value Discovery Fund (a) 66,489,652 892,291,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,105,127,336)  11,981,652,093 
International Equity Funds - 21.3%   
Fidelity Series Canada Fund (a) 17,481,540 186,003,582 
Fidelity Series Emerging Markets Fund (a) 99,889,352 2,057,720,656 
Fidelity Series International Growth Fund (a) 114,805,830 1,824,264,644 
Fidelity Series International Small Cap Fund (a) 24,791,803 444,021,196 
Fidelity Series International Value Fund (a) 173,804,680 1,871,876,401 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,828,186,164)  6,383,886,479 
Bond Funds - 29.8%   
Fidelity Series Emerging Markets Debt Fund (a) 20,436,300 213,763,699 
Fidelity Series Floating Rate High Income Fund (a) 7,357,514 69,822,812 
Fidelity Series High Income Fund (a) 45,217,567 440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund (a) 31,250,423 309,066,680 
Fidelity Series International Credit Fund (a) 1,771,433 17,802,898 
Fidelity Series Investment Grade Bond Fund (a) 631,789,674 7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 63,660,848 559,578,857 
Fidelity Series Real Estate Income Fund (a) 12,643,636 141,229,415 
TOTAL BOND FUNDS   
(Cost $8,925,756,292)  8,897,676,857 
Short-Term Funds - 8.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 2,028,402,920 2,028,402,920 
Fidelity Series Short-Term Credit Fund (a) 61,531,510 614,699,784 
TOTAL SHORT-TERM FUNDS   
(Cost $2,643,195,260)  2,643,102,704 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $25,502,265,052)  29,906,318,133 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (9,956,030) 
NET ASSETS - 100%  $29,896,362,103 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $170,750,619 $11,809,119  $18,184,161  $-- $4,130,809 $13,299,103  $393,776,399 
Fidelity Series 1000 Value Index Fund 207,961,357 14,200,488  17,062,228  -- 481,296  17,566,332  476,907,194 
Fidelity Series All-Sector Equity Fund 322,024,207 22,194,444  37,962,130  -- 1,467,705 31,642,478  736,162,260 
Fidelity Series Blue Chip Growth Fund 328,551,300 88,776,692  56,546,879  1,459,710  12,326,698 (28,192,417 ) 753,427,895 
Fidelity Series Canada Fund -- 126,123,705  601,503  -- 2,546 3,578,974  186,003,582 
Fidelity Series Commodity Strategy Fund 200,800,153 77,745,506  10,820,323  909,720 (4,711,453) 2,137,770  594,298,026 
Fidelity Series Emerging Markets Debt Fund 88,753,315 9,328,475  3,513,279  3,173,778  (19,430) 1,344,170  213,763,699 
Fidelity Series Emerging Markets Fund 948,146,671 69,296,644  390,924,187  -- 45,693,424  95,563,383  2,057,720,656 
Fidelity Series Floating Rate High Income Fund 30,322,371 2,930,330  1,432,945  800,992  (8,318) (88,720 ) 69,822,812 
Fidelity Series Government Money Market Fund 1.09% 809,950,560 142,025,549  38,042,964  4,532,837  -- -- 2,028,402,920 
Fidelity Series Growth & Income Fund 552,716,408 246,080,924 (a) 46,880,943  3,097,389  541,100 59,294,136  1,725,271,497 
Fidelity Series Growth Company Fund 649,984,509 39,646,954  114,084,490 -- 37,533,769 78,448,179  1,503,289,346 
Fidelity Series High Income Fund 186,345,032 19,049,912  8,635,671  5,979,230  (57,600) 4,547,539  440,871,281 
Fidelity Series Inflation-Protected Bond Index Fund 134,445,865 10,622,766  6,589,548  93,226  (182,030) (1,485,207 ) 309,066,680 
Fidelity Series International Credit Fund -- 7,694,671  1,585 -- -- (11,641 ) 17,802,898 
Fidelity Series International Growth Fund 763,723,461 56,043,064  130,632,859  -- 16,426,602 93,247,021  1,824,264,644 
Fidelity Series International Small Cap Fund 172,981,588 13,010,160  15,075,820  -- 1,773,718 29,313,454  444,021,196 
Fidelity Series International Value Fund 765,710,516 62,357,236  86,319,291  -- 1,105,041 107,246,512  1,871,876,401 
Fidelity Series Intrinsic Opportunities Fund 495,457,872 281,448,881 (a) 3,336,376  12,134,357  (13,061) 27,090,074  1,738,315,556 
Fidelity Series Investment Grade Bond Fund 2,965,065,514 356,128,097  137,553,735  43,758,417  (727,961) 8,698,875  7,145,541,215 
Fidelity Series Long-Term Treasury Bond Index Fund 2,611,672 412,095,912 3,464,380  1,302,506  (140,410) (7,253,968 ) 559,578,857 
Fidelity Series Opportunistic Insights Fund 360,528,573 25,018,163  56,968,572  -- 19,484,826 32,835,942  830,187,061 
Fidelity Series Real Estate Equity Fund 65,271,789 8,261,159  4,158,885  551,982 31,444 (1,313,116 ) 148,683,977 
Fidelity Series Real Estate Income Fund 60,042,005 7,593,341  2,715,471 1,553,742  2,371 324,156  141,229,415 
Fidelity Series Short-Term Credit Fund 268,102,615 21,121,158  12,926,613  2,491,237  2,886 (514,639 ) 614,699,784 
Fidelity Series Small Cap Discovery Fund 97,945,381 6,927,310  9,710,526  438,166 945,721 10,321,406  221,090,266 
Fidelity Series Small Cap Opportunities Fund 290,999,903 68,329,532  21,407,678  1,270,431  952,308 (12,215,007 ) 682,700,791 
Fidelity Series Stock Selector Large Cap Value Fund 557,188,889 38,303,571  41,290,458  -- 1,181,455 44,568,905  1,285,250,693 
Fidelity Series Value Discovery Fund 782,895,867 33,425,098  426,707,728(a) 6,119,016 60,789,162 (34,679,214 ) 892,291,132 
Total $12,279,278,012 $2,277,588,861 $1,703,551,228 $89,666,736  $199,012,618  $575,314,480  $29,906,318,133 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,502,265,052) — See accompanying schedule  $29,906,318,133 
Cash  139 
Receivable for investments sold  4,969,733 
Receivable for fund shares sold  40,864,387 
Dividends receivable  4,160,193 
Other receivables  161,902 
Total assets  29,956,474,487 
Liabilities   
Payable for fund shares redeemed $45,838,195  
Accrued management fee 14,112,290  
Other payables and accrued expenses 161,899  
Total liabilities  60,112,384 
Net Assets  $29,896,362,103 
Net Assets consist of:   
Paid in capital  $25,090,417,528 
Undistributed net investment income  57,089,551 
Accumulated undistributed net realized gain (loss) on investments  344,801,943 
Net unrealized appreciation (depreciation) on investments  4,404,053,081 
Net Assets  $29,896,362,103 
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($12,797,571,194 ÷ 775,569,064 shares)  $16.50 
Class K:   
Net Asset Value, offering price and redemption price per share ($16,952,477,039 ÷ 1,027,235,890 shares)  $16.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($146,313,870 ÷ 8,859,976 shares)  $16.51 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $89,666,736 
Expenses   
Management fee $31,772,443  
Independent trustees' fees and expenses 24,150  
Total expenses before reductions 31,796,593  
Expense reductions (8,733) 31,787,860 
Net investment income (loss)  57,878,876 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 199,012,618  
Capital gain distributions from underlying funds 174,019,579  
Total net realized gain (loss)  373,032,197 
Change in net unrealized appreciation (depreciation) on underlying funds  575,314,480 
Net gain (loss)  948,346,677 
Net increase (decrease) in net assets resulting from operations  $1,006,225,553 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $57,878,876 $201,004,333 
Net realized gain (loss) 373,032,197 242,145,200 
Change in net unrealized appreciation (depreciation) 575,314,480 856,403,668 
Net increase (decrease) in net assets resulting from operations 1,006,225,553 1,299,553,201 
Distributions to shareholders from net investment income (28,799,746) (200,026,428) 
Distributions to shareholders from net realized gain (168,906,642) (252,757,975) 
Total distributions (197,706,388) (452,784,403) 
Share transactions - net increase (decrease) 16,808,602,611 (300,508,340) 
Total increase (decrease) in net assets 17,617,121,776 546,260,458 
Net Assets   
Beginning of period 12,279,240,327 11,732,979,869 
End of period $29,896,362,103 $12,279,240,327 
Other Information   
Undistributed net investment income end of period $57,089,551 $28,010,421 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2020 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.70 $14.63 $15.76 $15.81 $14.94 $14.16 
Income from Investment Operations       
Net investment income (loss)A .04 .25 .28 .28 .23 .24 
Net realized and unrealized gain (loss) 1.01 1.40 (.60) .73 1.22 .89 
Total from investment operations 1.05 1.65 (.32) 1.01 1.45 1.13 
Distributions from net investment income (.04) (.26) (.28) (.29) (.23) (.25) 
Distributions from net realized gain (.22) (.32) (.53) (.77) (.36) (.10) 
Total distributions (.25)B (.58) (.81) (1.06) (.58)C (.35) 
Net asset value, end of period $16.50 $15.70 $14.63 $15.76 $15.81 $14.94 
Total ReturnD,E 6.79% 11.57% (2.10)% 6.71% 9.83% 8.12% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .41%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .41%H -% -% -% -% -% 
Expenses net of all reductions .41%H -% -% -% -% -% 
Net investment income (loss) .44%H 1.69% 1.83% 1.83% 1.49% 1.65% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,797,571 $12,279,240 $11,732,980 $12,868,898 $13,343,983 $13,579,950 
Portfolio turnover rateF 26 %H,J 19% 17% 17% 39% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.25 per share is comprised of distributions from net investment income of $.037 and distributions from net realized gain of $.217 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.228 and distributions from net realized gain of $.356 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.24 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .17 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.50 
Total ReturnC,D 1.60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .56%G,H 
Expenses net of fee waivers, if any .56%G,H 
Expenses net of all reductions .56%G,H 
Net investment income (loss) 3.02%G 
Supplemental Data  
Net assets, end of period (000 omitted) $16,952,477 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2020 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .44 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $16.51 
Total ReturnC,D 3.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .43%G,H 
Expenses net of fee waivers, if any .43%G,H 
Expenses net of all reductions .43%G,H 
Net investment income (loss) 1.32%G 
Supplemental Data  
Net assets, end of period (000 omitted) $146,314 
Portfolio turnover rateE 26%G,I 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 20.5 20.7 
Fidelity Series Emerging Markets Fund 7.3 8.1 
Fidelity Series International Growth Fund 6.8 6.8 
Fidelity Series International Value Fund 6.7 6.8 
Fidelity Series Growth & Income Fund 6.4 5.0 
Fidelity Series Intrinsic Opportunities Fund 6.4 4.4 
Fidelity Series Growth Company Fund 5.6 5.9 
Fidelity Series Government Money Market Fund 1.09% 5.1 4.9 
Fidelity Series Stock Selector Large Cap Value Fund 4.8 5.0 
Fidelity Series Value Discovery Fund 3.3 7.1 
 72.9 74.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.3% 
   International Equity Funds 23.1% 
   Bond Funds 26.0% 
   Short-Term Funds 6.6% 


Six months ago 
   Domestic Equity Funds 45.7% 
   International Equity Funds 23.3% 
   Bond Funds 24.5% 
   Short-Term Funds 6.5% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 23,106,225 $382,870,153 
Fidelity Series 1000 Value Index Fund (a) 36,938,973 463,953,504 
Fidelity Series All-Sector Equity Fund (a) 53,538,839 715,814,282 
Fidelity Series Blue Chip Growth Fund (a) 55,331,943 732,594,922 
Fidelity Series Commodity Strategy Fund (a) 99,275,045 519,208,484 
Fidelity Series Growth & Income Fund (a) 110,309,342 1,677,805,086 
Fidelity Series Growth Company Fund (a) 85,184,554 1,461,766,943 
Fidelity Series Intrinsic Opportunities Fund (a) 96,710,147 1,661,480,323 
Fidelity Series Opportunistic Insights Fund (a) 44,278,993 807,206,048 
Fidelity Series Real Estate Equity Fund (a) 11,199,954 144,591,402 
Fidelity Series Small Cap Discovery Fund (a) 17,918,354 215,020,248 
Fidelity Series Small Cap Opportunities Fund (a) 47,489,050 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 94,062,171 1,250,086,253 
Fidelity Series Value Discovery Fund (a) 64,679,962 868,005,093 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,934,969,528)  11,564,299,664 
International Equity Funds - 23.1%   
Fidelity Series Canada Fund (a) 16,680,509 177,480,614 
Fidelity Series Emerging Markets Fund (a) 93,283,795 1,921,646,175 
Fidelity Series International Growth Fund (a) 111,095,498 1,765,307,455 
Fidelity Series International Small Cap Fund (a) 23,655,045 423,661,858 
Fidelity Series International Value Fund (a) 163,408,109 1,759,905,336 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,667,777,751)  6,048,001,438 
Bond Funds - 26.0%   
Fidelity Series Emerging Markets Debt Fund (a) 17,488,986 182,934,794 
Fidelity Series Floating Rate High Income Fund (a) 6,374,794 60,496,791 
Fidelity Series High Income Fund (a) 39,078,710 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund (a) 19,453,558 192,395,691 
Fidelity Series International Credit Fund (a) 1,531,359 15,390,157 
Fidelity Series Investment Grade Bond Fund (a) 474,669,815 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 55,246,249 485,614,528 
Fidelity Series Real Estate Income Fund (a) 10,930,829 122,097,358 
TOTAL BOND FUNDS   
(Cost $6,821,415,837)  6,808,462,343 
Short-Term Funds - 6.6%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 1,325,218,039 1,325,218,039 
Fidelity Series Short-Term Credit Fund (a) 39,320,942 392,816,213 
TOTAL SHORT-TERM FUNDS   
(Cost $1,718,177,848)  1,718,034,252 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $22,142,340,964)  26,138,797,697 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (13,034,569) 
NET ASSETS - 100%  $26,125,763,128 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $150,442,258 $17,770,108 $13,926,515 $-- $2,580,063 $13,685,127 $382,870,153 
Fidelity Series 1000 Value Index Fund 182,904,928 21,400,938 12,071,856 -- 192,582 17,095,739 463,953,504 
Fidelity Series All-Sector Equity Fund 283,721,155 33,373,903 29,530,763 -- 1,295,271 29,454,693 715,814,282 
Fidelity Series Blue Chip Growth Fund 289,473,741 97,752,438 45,555,331 1,415,194 9,286,374 (27,583,711) 732,594,922 
Fidelity Series Canada Fund -- 114,695,640 585,619 -- 1,646 3,587,816 177,480,614 
Fidelity Series Commodity Strategy Fund 160,807,201 71,816,731 7,328,290 792,490 (396,156) (1,877,440) 519,208,484 
Fidelity Series Emerging Markets Debt Fund 70,309,321 10,649,918 2,362,410 2,409,201 7,641 1,007,194 182,934,794 
Fidelity Series Emerging Markets Fund 795,230,582 96,529,103 320,854,275 -- 27,798,589 92,361,573 1,921,646,175 
Fidelity Series Floating Rate High Income Fund 23,882,508 3,472,533 954,171 605,940 314 (80,041) 60,496,791 
Fidelity Series Government Money Market Fund 1.09% 474,107,523 119,798,762 18,851,996 2,560,346 -- -- 1,325,218,039 
Fidelity Series Growth & Income Fund 486,185,498 250,615,763(a) 32,538,807 2,769,141 (72,825) 57,994,298 1,677,805,086 
Fidelity Series Growth Company Fund 572,602,766 57,675,218 87,445,893 -- 28,584,635 77,091,162 1,461,766,943 
Fidelity Series High Income Fund 146,512,107 22,408,747 5,763,981 4,522,030 14,067 3,739,826 381,017,421 
Fidelity Series Inflation-Protected Bond Index Fund 79,763,875 9,190,354 3,050,563 52,145 2,353 (1,061,431) 192,395,691 
Fidelity Series International Credit Fund -- 6,324,674 261 -- -- (13,324) 15,390,157 
Fidelity Series International Growth Fund 665,002,902 81,689,934 84,870,358 -- 3,322,578 94,245,504 1,765,307,455 
Fidelity Series International Small Cap Fund 151,128,896 19,101,564 12,225,981 -- 941,536 26,783,666 423,661,858 
Fidelity Series International Value Fund 666,738,770 88,903,699 96,127,364 -- 2,224,988 95,866,122 1,759,905,336 
Fidelity Series Intrinsic Opportunities Fund 433,865,637 283,785,598(a) 3,098,961 11,568,988 (9,731) 22,752,207 1,661,480,323 
Fidelity Series Investment Grade Bond Fund 2,024,582,252 359,039,654 79,054,902 28,761,243 (253,596) 2,837,534 5,368,515,603 
Fidelity Series Long-Term Treasury Bond Index Fund 1,635,459 353,041,427 2,247,932 1,002,894 (105,485) (6,485,847) 485,614,528 
Fidelity Series Opportunistic Insights Fund 317,647,343 37,629,326 45,931,118 -- 14,465,801 33,350,217 807,206,048 
Fidelity Series Real Estate Equity Fund 57,575,442 10,421,048 2,961,889 505,120 (53,272) (1,247,988) 144,591,402 
Fidelity Series Real Estate Income Fund 47,340,033 8,758,997 1,813,230 1,266,465 (2,134) 224,601 122,097,358 
Fidelity Series Short-Term Credit Fund 156,027,873 20,068,448 6,405,256 1,400,011 477 (388,377) 392,816,213 
Fidelity Series Small Cap Discovery Fund 86,218,504 10,252,279 7,258,323 390,598 339,665 10,637,027 215,020,248 
Fidelity Series Small Cap Opportunities Fund 257,643,145 76,921,465 16,424,281 1,231,852 (57,643) (10,894,038) 663,896,923 
Fidelity Series Stock Selector Large Cap Value Fund 492,174,859 57,783,134 30,733,524 -- 159,754 43,760,183 1,250,086,253 
Fidelity Series Value Discovery Fund 691,035,348 48,648,009 374,607,703(a) 5,458,763 39,081,853 (13,797,798) 868,005,093 
Total $9,764,559,926 $2,389,519,412 $1,344,581,553 $66,712,421 $129,349,345 $563,044,494 $26,138,797,697 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $22,142,340,964) — See accompanying schedule  $26,138,797,697 
Receivable for investments sold  497,474 
Receivable for fund shares sold  35,222,359 
Total assets  26,174,517,530 
Liabilities   
Payable for investments purchased $7,713,559  
Payable for fund shares redeemed 27,991,541  
Accrued management fee 13,049,302  
Total liabilities  48,754,402 
Net Assets  $26,125,763,128 
Net Assets consist of:   
Paid in capital  $21,817,679,164 
Undistributed net investment income  37,809,658 
Accumulated undistributed net realized gain (loss) on investments  273,817,573 
Net unrealized appreciation (depreciation) on investments  3,996,456,733 
Net Assets  $26,125,763,128 
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($10,446,711,490 ÷ 732,481,783 shares)  $14.26 
Class K:   
Net Asset Value, offering price and redemption price per share ($15,401,033,369 ÷ 1,079,987,759 shares)  $14.26 
Class K6:   
Net Asset Value, offering price and redemption price per share ($278,018,269 ÷ 19,475,830 shares)  $14.28 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,712,421 
Expenses   
Management fee $28,191,618  
Independent trustees' fees and expenses 18,324  
Total expenses before reductions 28,209,942  
Expense reductions (6,404) 28,203,538 
Net investment income (loss)  38,508,883 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 129,349,345  
Capital gain distributions from underlying funds 166,947,018  
Total net realized gain (loss)  296,296,363 
Change in net unrealized appreciation (depreciation) on underlying funds  563,044,494 
Net gain (loss)  859,340,857 
Net increase (decrease) in net assets resulting from operations  $897,849,740 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $38,508,883 $151,298,835 
Net realized gain (loss) 296,296,363 179,330,142 
Change in net unrealized appreciation (depreciation) 563,044,494 740,586,840 
Net increase (decrease) in net assets resulting from operations 897,849,740 1,071,215,817 
Distributions to shareholders from net investment income (20,288,985) (147,758,780) 
Distributions to shareholders from net realized gain (126,806,087) (204,066,897) 
Total distributions (147,095,072) (351,825,677) 
Share transactions - net increase (decrease) 15,610,461,159 327,589,461 
Total increase (decrease) in net assets 16,361,215,827 1,046,979,601 
Net Assets   
Beginning of period 9,764,547,301 8,717,567,700 
End of period $26,125,763,128 $9,764,547,301 
Other Information   
Undistributed net investment income end of period $37,809,658 $19,589,760 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2025 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.50 $12.49 $13.51 $13.49 $12.58 $11.81 
Income from Investment Operations       
Net investment income (loss)A .02 .21 .22 .24 .20 .21 
Net realized and unrealized gain (loss) .94 1.30 (.54) .69 1.30 .84 
Total from investment operations .96 1.51 (.32) .93 1.50 1.05 
Distributions from net investment income (.03) (.21) (.23) (.25) (.20) (.22) 
Distributions from net realized gain (.18) (.29) (.47) (.66) (.39) (.06) 
Total distributions (.20)B (.50) (.70) (.91) (.59) (.28) 
Net asset value, end of period $14.26 $13.50 $12.49 $13.51 $13.49 $12.58 
Total ReturnC,D 7.21% 12.46% (2.50)% 7.23% 12.08% 9.03% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .45%G - %H - %H - %H - %H - %H 
Expenses net of fee waivers, if any .45%G -% -% -% -% -% 
Expenses net of all reductions .45%G -% -% -% -% -% 
Net investment income (loss) .28%G 1.66% 1.75% 1.81% 1.53% 1.73% 
Supplemental Data       
Net assets, end of period (000 omitted) $10,446,711 $9,764,547 $8,717,568 $9,054,681 $8,865,153 $8,229,885 
Portfolio turnover rateF 25%G,I 19% 17% 19% 46% 31% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.20 per share is comprised of distributions from net investment income of $.028 and distributions from net realized gain of $.175 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.02 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .17 
Total from investment operations .24 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.26 
Total ReturnC,D 1.71% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .60%G,H 
Expenses net of fee waivers, if any .60%G,H 
Expenses net of all reductions .60%G,H 
Net investment income (loss) 2.62%G 
Supplemental Data  
Net assets, end of period (000 omitted) $15,401,033 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2025 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.80 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .43 
Total from investment operations .48 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.28 
Total ReturnC,D 3.48% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .45%G 
Expenses net of fee waivers, if any .45%G 
Expenses net of all reductions .45%G 
Net investment income (loss) 1.10%G 
Supplemental Data  
Net assets, end of period (000 omitted) $278,018 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Investment Grade Bond Fund 12.8 12.1 
Fidelity Series Emerging Markets Fund 8.3 9.2 
Fidelity Series International Value Fund 8.1 8.3 
Fidelity Series International Growth Fund 8.0 8.2 
Fidelity Series Growth & Income Fund 7.8 6.1 
Fidelity Series Intrinsic Opportunities Fund 7.7 5.4 
Fidelity Series Growth Company Fund 6.8 7.2 
Fidelity Series Stock Selector Large Cap Value Fund 5.9 6.2 
Fidelity Series Value Discovery Fund 4.0 8.7 
Fidelity Series Opportunistic Insights Fund 3.8 4.0 
 73.2 75.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.5% 
   International Equity Funds 27.1% 
   Bond Funds 18.4% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 55.5% 
   International Equity Funds 27.6% 
   Bond Funds 15.9% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.5%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 33,011,459 $546,999,877 
Fidelity Series 1000 Value Index Fund (a) 52,669,817 661,532,902 
Fidelity Series All-Sector Equity Fund (a) 76,462,043 1,022,297,520 
Fidelity Series Blue Chip Growth Fund (a) 79,024,332 1,046,282,159 
Fidelity Series Commodity Strategy Fund (a) 114,721,890 599,995,484 
Fidelity Series Growth & Income Fund (a) 157,617,115 2,397,356,321 
Fidelity Series Growth Company Fund (a) 121,635,719 2,087,268,939 
Fidelity Series Intrinsic Opportunities Fund (a) 137,166,404 2,356,518,816 
Fidelity Series Opportunistic Insights Fund (a) 63,234,666 1,152,767,965 
Fidelity Series Real Estate Equity Fund (a) 15,960,991 206,056,391 
Fidelity Series Small Cap Discovery Fund (a) 25,614,110 307,369,323 
Fidelity Series Small Cap Opportunities Fund (a) 67,573,854 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund (a) 134,477,716 1,787,208,852 
Fidelity Series Value Discovery Fund (a) 91,942,953 1,233,874,433 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,618,949,993)  16,350,211,462 
International Equity Funds - 27.1%   
Fidelity Series Canada Fund (a) 23,175,007 246,582,079 
Fidelity Series Emerging Markets Fund (a) 123,414,039 2,542,329,208 
Fidelity Series International Growth Fund (a) 153,929,291 2,445,936,434 
Fidelity Series International Small Cap Fund (a) 32,919,734 589,592,441 
Fidelity Series International Value Fund (a) 228,573,280 2,461,734,226 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,487,947,253)  8,286,174,388 
Bond Funds - 18.4%   
Fidelity Series Emerging Markets Debt Fund (a) 20,064,580 209,875,508 
Fidelity Series Floating Rate High Income Fund (a) 7,277,303 69,061,607 
Fidelity Series High Income Fund (a) 45,086,473 439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund (a) 24,283,674 240,165,531 
Fidelity Series International Credit Fund (a) 1,490,851 14,983,057 
Fidelity Series Investment Grade Bond Fund (a) 347,173,705 3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 67,286,236 591,446,015 
Fidelity Series Real Estate Income Fund (a) 12,602,356 140,768,319 
TOTAL BOND FUNDS   
(Cost $5,607,118,317)  5,632,427,758 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 250,372,725 250,372,725 
Fidelity Series Short-Term Credit Fund (a) 7,102,241 70,951,385 
TOTAL SHORT-TERM FUNDS   
(Cost $321,208,253)  321,324,110 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $25,035,223,816)  30,590,137,718 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (16,181,965) 
NET ASSETS - 100%  $30,573,955,753 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $213,000,452 $21,692,560  $16,325,500  $-- $3,812,277  $19,335,306  $546,999,877 
Fidelity Series 1000 Value Index Fund 258,439,164 26,478,796  13,375,483  -- 216,212  24,370,225  661,532,902 
Fidelity Series All-Sector Equity Fund 401,700,789 40,655,742  35,764,416  -- 1,758,398  41,974,050  1,022,297,520 
Fidelity Series Blue Chip Growth Fund 409,846,594 132,790,534  58,565,935  2,023,938  12,448,991  (39,069,447 ) 1,046,282,159 
Fidelity Series Canada Fund -- 146,697,407  795,528  -- 2,717  5,694,458  246,582,079 
Fidelity Series Commodity Strategy Fund 181,305,844 84,155,693  7,359,092  917,038  (676,017) (1,868,533 ) 599,995,484 
Fidelity Series Emerging Markets Debt Fund 79,431,440 10,909,906  2,377,066  2,723,928  22,223 1,107,979  209,875,508 
Fidelity Series Emerging Markets Fund 1,036,984,669 108,636,109  393,397,067  -- 37,006,559  120,264,472  2,542,329,208 
Fidelity Series Floating Rate High Income Fund 27,384,693 3,531,146  966,728  693,651  (424 ) (91,512 ) 69,061,607 
Fidelity Series Government Money Market Fund 1.09% 86,241,591 24,257,840  3,118,202  487,883  -- -- 250,372,725 
Fidelity Series Growth & Income Fund 688,738,261 346,802,406 (a) 38,076,989  3,932,932  (132,722 ) 82,574,226  2,397,356,321 
Fidelity Series Growth Company Fund 811,270,155 72,934,600  117,608,255  -- 39,260,168  111,076,841  2,087,268,939 
Fidelity Series High Income Fund 170,348,294 22,990,323  5,823,640  5,248,071  10,513  4,329,082  439,593,113 
Fidelity Series Inflation-Protected Bond Index Fund 100,796,632 6,505,475  4,522,867  64,468  (42,668) (1,317,983 ) 240,165,531 
Fidelity Series International Credit Fund -- 6,160,029  166  -- -- (12,944 ) 14,983,057 
Fidelity Series International Growth Fund 933,125,645 97,816,457  126,987,816  -- 5,039,439  130,891,960  2,445,936,434 
Fidelity Series International Small Cap Fund 212,846,304 22,838,989  18,628,686  -- 1,656,338  37,079,991  589,592,441 
Fidelity Series International Value Fund 935,212,029 100,123,420  111,202,171  -- 561,861 136,021,605  2,461,734,226 
Fidelity Series Intrinsic Opportunities Fund 613,420,497 388,543,479 (a) 2,974,630  16,427,077  (8,953) 31,890,043  2,356,518,816 
Fidelity Series Investment Grade Bond Fund 1,367,569,367 350,649,953  49,895,086  20,423,289  (258,499) 984,124  3,926,534,608 
Fidelity Series Long-Term Treasury Bond Index Fund 940,915 435,836,830  2,155,676  1,191,327  (98,995) (8,086,965 ) 591,446,015 
Fidelity Series Opportunistic Insights Fund 449,735,472 45,823,236  58,331,289  -- 19,400,784 48,508,852  1,152,767,965 
Fidelity Series Real Estate Equity Fund 81,538,943 13,761,115  3,176,864  714,512  (21,612) (1,824,237 ) 206,056,391 
Fidelity Series Real Estate Income Fund 54,581,853 9,204,785 1,833,281  1,449,568  (1,263) 269,338  140,768,319 
Fidelity Series Short-Term Credit Fund 28,157,403 3,172,315  1,075,839  250,545  (542) (69,797 ) 70,951,385 
Fidelity Series Small Cap Discovery Fund 121,760,717 12,643,054  7,897,473  549,507  416,932 15,220,598  307,369,323 
Fidelity Series Small Cap Opportunities Fund 365,212,608 104,100,121  19,315,643  1,755,251  (118,073) (15,583,796 ) 944,682,480 
Fidelity Series Stock Selector Large Cap Value Fund 697,267,883 74,714,039  35,904,425  -- 199,098 62,475,294  1,787,208,852 
Fidelity Series Value Discovery Fund 978,820,033 60,098,789  524,500,801 (a) 7,744,137 49,586,936 (13,693,257 ) 1,233,874,433 
Total $11,305,678,247 $2,774,525,148  $1,661,956,614  $66,597,122  $170,039,678 $792,449,973  $30,590,137,718 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $25,035,223,816) — See accompanying schedule  $30,590,137,718 
Cash  
Receivable for investments sold  188,357 
Receivable for fund shares sold  66,408,761 
Other receivables  123,544 
Total assets  30,656,858,381 
Liabilities   
Payable for investments purchased $9,090,502  
Payable for fund shares redeemed 57,504,461  
Accrued management fee 16,184,120  
Other payables and accrued expenses 123,545  
Total liabilities  82,902,628 
Net Assets  $30,573,955,753 
Net Assets consist of:   
Paid in capital  $24,609,884,915 
Undistributed net investment income  31,504,426 
Accumulated undistributed net realized gain (loss) on investments  377,652,510 
Net unrealized appreciation (depreciation) on investments  5,554,913,902 
Net Assets  $30,573,955,753 
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($12,138,738,094 ÷ 681,184,984 shares)  $17.82 
Class K:   
Net Asset Value, offering price and redemption price per share ($18,037,948,241 ÷ 1,011,919,732 shares)  $17.83 
Class K6:   
Net Asset Value, offering price and redemption price per share ($397,269,418 ÷ 22,274,462 shares)  $17.84 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $66,597,122 
Expenses   
Management fee $34,907,467  
Independent trustees' fees and expenses 22,209  
Total expenses before reductions 34,929,676  
Expense reductions (7,879) 34,921,797 
Net investment income (loss)  31,675,325 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 170,039,678  
Capital gain distributions from underlying funds 238,044,467  
Total net realized gain (loss)  408,084,145 
Change in net unrealized appreciation (depreciation) on underlying funds  792,449,973 
Net gain (loss)  1,200,534,118 
Net increase (decrease) in net assets resulting from operations  $1,232,209,443 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $31,675,325 $165,707,982 
Net realized gain (loss) 408,084,145 222,767,932 
Change in net unrealized appreciation (depreciation) 792,449,973 1,056,666,897 
Net increase (decrease) in net assets resulting from operations 1,232,209,443 1,445,142,811 
Distributions to shareholders from net investment income (14,875,007) (163,120,493) 
Distributions to shareholders from net realized gain (177,823,710) (254,968,549) 
Total distributions (192,698,717) (418,089,042) 
Share transactions - net increase (decrease) 18,228,776,530 128,477,357 
Total increase (decrease) in net assets 19,268,287,256 1,155,531,126 
Net Assets   
Beginning of period 11,305,668,497 10,150,137,371 
End of period $30,573,955,753 $11,305,668,497 
Other Information   
Undistributed net investment income end of period $31,504,426 $14,704,108 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2030 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.72 $15.20 $16.62 $16.47 $15.02 $14.07 
Income from Investment Operations       
Net investment income (loss)A .01 .25 .25 .27 .24 .25 
Net realized and unrealized gain (loss) 1.38 1.90 (.75) .95 1.71 1.04 
Total from investment operations 1.39 2.15 (.50) 1.22 1.95 1.29 
Distributions from net investment income (.02) (.25) (.26) (.28) (.25) (.27) 
Distributions from net realized gain (.26) (.38) (.67) (.79) (.25) (.07) 
Total distributions (.29)B (.63) (.92)C (1.07) (.50) (.34) 
Net asset value, end of period $17.82 $16.72 $15.20 $16.62 $16.47 $15.02 
Total ReturnD,E 8.38% 14.58% (3.17)% 7.76% 13.08% 9.30% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .47%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .47%H -% -% -% -% -% 
Expenses net of all reductions .47%H -% -% -% -% -% 
Net investment income (loss) .12%H 1.57% 1.59% 1.68% 1.50% 1.77% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,138,738 $11,305,668 $10,150,137 $10,883,658 $10,933,549 $10,636,397 
Portfolio turnover rateF 27%H,J 17% 16% 17% 54% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.29 per share is comprised of distributions from net investment income of $.022 and distributions from net realized gain of $.263 per share.

 C Total distributions of $.92 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.665 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.47 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .28 
Total from investment operations .36 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.83 
Total ReturnC,D 2.06% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .63%G,H 
Expenses net of fee waivers, if any .63%G,H 
Expenses net of all reductions .63%G,H 
Net investment income (loss) 2.29%G 
Supplemental Data  
Net assets, end of period (000 omitted) $18,037,948 
Portfolio turnover rateE 27%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2030 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.15 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .64 
Total from investment operations .69 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $17.84 
Total ReturnC,D 4.02% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .47%G 
Expenses net of fee waivers, if any .47%G 
Expenses net of all reductions .47%G 
Net investment income (loss) .89%G 
Supplemental Data  
Net assets, end of period (000 omitted) $397,269 
Portfolio turnover rateE 27%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.3 10.0 
Fidelity Series International Value Fund 9.2 9.4 
Fidelity Series International Growth Fund 9.1 9.4 
Fidelity Series Growth & Income Fund 9.0 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.8 6.2 
Fidelity Series Growth Company Fund 7.9 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.7 7.0 
Fidelity Series Value Discovery Fund 4.6 9.9 
Fidelity Series Opportunistic Insights Fund 4.3 4.5 
Fidelity Series Blue Chip Growth Fund 3.9 4.1 
 72.8 75.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 30.6% 
   Bond Funds 7.1% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.1% 
   International Equity Funds 30.9% 
   Bond Funds 5.0% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 25,655,385 $425,109,723 
Fidelity Series 1000 Value Index Fund (a) 40,805,277 512,514,279 
Fidelity Series All-Sector Equity Fund (a) 59,303,925 792,893,476 
Fidelity Series Blue Chip Growth Fund (a) 61,288,409 811,458,532 
Fidelity Series Commodity Strategy Fund (a) 77,143,693 403,461,514 
Fidelity Series Growth & Income Fund (a) 122,037,474 1,856,189,986 
Fidelity Series Growth Company Fund (a) 94,227,706 1,616,947,431 
Fidelity Series Intrinsic Opportunities Fund (a) 105,119,666 1,805,955,864 
Fidelity Series Opportunistic Insights Fund (a) 49,031,237 893,839,444 
Fidelity Series Real Estate Equity Fund (a) 12,383,831 159,875,264 
Fidelity Series Small Cap Discovery Fund (a) 19,931,775 239,181,297 
Fidelity Series Small Cap Opportunities Fund (a) 52,459,415 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund (a) 104,215,933 1,385,029,747 
Fidelity Series Value Discovery Fund (a) 71,061,857 953,650,114 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,875,548,042)  12,589,489,294 
International Equity Funds - 30.6%   
Fidelity Series Canada Fund (a) 15,480,840 164,716,136 
Fidelity Series Emerging Markets Fund (a) 92,390,678 1,903,247,968 
Fidelity Series International Growth Fund (a) 117,501,670 1,867,101,540 
Fidelity Series International Small Cap Fund (a) 25,120,504 449,908,223 
Fidelity Series International Value Fund (a) 176,398,349 1,899,810,218 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,980,759,594)  6,284,784,085 
Bond Funds - 7.1%   
Fidelity Series Emerging Markets Debt Fund (a) 13,271,954 138,824,643 
Fidelity Series Floating Rate High Income Fund (a) 4,841,251 45,943,471 
Fidelity Series High Income Fund (a) 30,027,893 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,173,749 159,958,380 
Fidelity Series International Credit Fund (a) 995,750 10,007,288 
Fidelity Series Investment Grade Bond Fund (a) 29,922,396 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 42,417,270 372,847,806 
Fidelity Series Real Estate Income Fund (a) 8,330,056 93,046,723 
TOTAL BOND FUNDS   
(Cost $1,438,412,258)  1,451,822,564 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 168,014,506 168,014,506 
Fidelity Series Short-Term Credit Fund (a) 4,752,182 47,474,303 
TOTAL SHORT-TERM FUNDS   
(Cost $215,412,721)  215,488,809 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,510,132,615)  20,541,584,752 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,413,915) 
NET ASSETS - 100%  $20,530,170,837 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $148,282,227 $24,290,086 $9,153,915 $-- $252,554 $16,944,394 $425,109,723 
Fidelity Series 1000 Value Index Fund 179,592,513 30,800,026 8,279,340 -- 21,453 18,738,744 512,514,279 
Fidelity Series All-Sector Equity Fund 279,645,931 45,579,647 21,338,224 -- 377,646 31,889,503 792,893,476 
Fidelity Series Blue Chip Growth Fund 285,318,640 116,906,770 36,950,441 1,566,976 6,493,604 (30,467,954) 811,458,532 
Fidelity Series Canada Fund -- 82,579,118 673,413 -- 1,869 4,360,392 164,716,136 
Fidelity Series Commodity Strategy Fund 111,388,669 59,937,856 5,054,287 615,569 (631,469) (1,054,675) 403,461,514 
Fidelity Series Emerging Markets Debt Fund 48,645,752 9,503,790 1,653,875 1,701,372 38,797 619,773 138,824,643 
Fidelity Series Emerging Markets Fund 685,552,413 115,382,357 231,797,110 -- 13,049,819 91,893,452 1,903,247,968 
Fidelity Series Floating Rate High Income Fund 16,615,127 3,177,380 669,269 430,693 (18,316) (39,370) 45,943,471 
Fidelity Series Government Money Market Fund 1.09% 53,467,356 17,661,349 2,171,270 312,922 -- -- 168,014,506 
Fidelity Series Growth & Income Fund 479,148,645 287,947,372(a) 25,967,579 2,771,304 (106,084) 63,746,464 1,856,189,986 
Fidelity Series Growth Company Fund 564,837,431 78,752,144 68,789,161 -- 21,816,312 86,917,429 1,616,947,431 
Fidelity Series High Income Fund 103,635,702 20,321,065 4,036,318 3,265,733 14,665 2,791,745 292,771,952 
Fidelity Series Inflation-Protected Bond Index Fund 61,194,766 7,033,278 2,163,747 40,706 428 (954,151) 159,958,380 
Fidelity Series International Credit Fund -- 3,865,025 14 -- -- (11,137) 10,007,288 
Fidelity Series International Growth Fund 645,735,531 107,439,406 84,413,122 -- 1,735,708 94,342,956 1,867,101,540 
Fidelity Series International Small Cap Fund 147,541,592 25,109,060 12,509,149 -- 859,497 26,627,500 449,908,223 
Fidelity Series International Value Fund 647,425,663 114,586,418 59,732,114 -- (802,386) 100,080,061 1,899,810,218 
Fidelity Series Intrinsic Opportunities Fund 425,390,545 323,847,229(a) 3,027,047 12,566,957 29,685 20,942,431 1,805,955,864 
Fidelity Series Investment Grade Bond Fund 81,635,475 60,890,451 4,468,836 1,522,719 2,847 (395,533) 338,422,301 
Fidelity Series Long-Term Treasury Bond Index Fund 31,462 262,679,047 1,368,983 740,275 (5,443) (5,491,845) 372,847,806 
Fidelity Series Opportunistic Insights Fund 313,087,328 51,537,583 37,015,203 -- 4,272,813 44,966,426 893,839,444 
Fidelity Series Real Estate Equity Fund 57,029,392 14,191,306 2,481,849 519,519 (6,158) (1,489,353) 159,875,264 
Fidelity Series Real Estate Income Fund 32,984,692 7,799,936 1,268,950 902,471 (9,074) 143,261 93,046,723 
Fidelity Series Short-Term Credit Fund 17,120,293 3,003,768 743,475 156,440 (415) (54,035) 47,474,303 
Fidelity Series Small Cap Discovery Fund 84,431,775 13,954,536 3,822,092 383,283 14,056 12,174,573 239,181,297 
Fidelity Series Small Cap Opportunities Fund 253,917,431 94,095,745 11,243,602 1,360,288 (135,745) (12,082,179) 733,382,623 
Fidelity Series Stock Selector Large Cap Value Fund 485,084,612 84,891,208 22,569,330 -- 41,668 47,897,214 1,385,029,747 
Fidelity Series Value Discovery Fund 681,088,437 64,633,599 364,190,699(a) 5,456,161 26,490,209 1,271,333 953,650,114 
Total $6,889,829,400 $2,132,396,555 $1,027,552,414 $34,313,388 $73,798,540 $614,307,419 $20,541,584,752 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,510,132,615) — See accompanying schedule  $20,541,584,752 
Cash  
Receivable for investments sold  316,985 
Receivable for fund shares sold  33,622,988 
Total assets  20,575,524,730 
Liabilities   
Payable for investments purchased $17,185,962  
Payable for fund shares redeemed 16,755,141  
Accrued management fee 11,412,790  
Total liabilities  45,353,893 
Net Assets  $20,530,170,837 
Net Assets consist of:   
Paid in capital  $16,249,233,931 
Undistributed net investment income  10,428,637 
Accumulated undistributed net realized gain (loss) on investments  239,056,132 
Net unrealized appreciation (depreciation) on investments  4,031,452,137 
Net Assets  $20,530,170,837 
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($7,579,411,779 ÷ 507,969,968 shares)  $14.92 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,587,792,858 ÷ 843,667,834 shares)  $14.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($362,966,200 ÷ 24,303,379 shares)  $14.93 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $34,313,388 
Expenses   
Management fee $23,530,218  
Independent trustees' fees and expenses 13,085  
Total expenses before reductions 23,543,303  
Expense reductions (4,521) 23,538,782 
Net investment income (loss)  10,774,606 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 73,798,540  
Capital gain distributions from underlying funds 182,525,796  
Total net realized gain (loss)  256,324,336 
Change in net unrealized appreciation (depreciation) on underlying funds  614,307,419 
Net gain (loss)  870,631,755 
Net increase (decrease) in net assets resulting from operations  $881,406,361 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,774,606 $91,212,153 
Net realized gain (loss) 256,324,336 136,198,233 
Change in net unrealized appreciation (depreciation) 614,307,419 720,467,700 
Net increase (decrease) in net assets resulting from operations 881,406,361 947,878,086 
Distributions to shareholders from net investment income (4,477,894) (88,507,344) 
Distributions to shareholders from net realized gain (104,484,046) (162,354,536) 
Total distributions (108,961,940) (250,861,880) 
Share transactions - net increase (decrease) 12,867,898,287 231,724,174 
Total increase (decrease) in net assets 13,640,342,708 928,740,380 
Net Assets   
Beginning of period 6,889,828,129 5,961,087,749 
End of period $20,530,170,837 $6,889,828,129 
Other Information   
Undistributed net investment income end of period $10,428,637 $4,131,925 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2035 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.88 $12.46 $13.67 $13.62 $12.57 $11.68 
Income from Investment Operations       
Net investment income (loss)A B .19 .19 .22 .18 .20 
Net realized and unrealized gain (loss) 1.26 1.75 (.65) .80 1.63 .93 
Total from investment operations 1.26 1.94 (.46) 1.02 1.81 1.13 
Distributions from net investment income (.01) (.18) (.20) (.23) (.19) (.21) 
Distributions from net realized gain (.21) (.34) (.55) (.75) (.57) (.03) 
Total distributions (.22) (.52) (.75) (.97)C (.76) (.24) 
Net asset value, end of period $14.92 $13.88 $12.46 $13.67 $13.62 $12.57 
Total ReturnD,E 9.17% 16.09% (3.59)% 7.90% 14.76% 9.85% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.06)%H 1.45% 1.48% 1.62% 1.42% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,579,412 $6,889,828 $5,961,088 $6,289,345 $6,183,144 $5,648,531 
Portfolio turnover rateF 26%H,J 16% 15% 18% 54% 36% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.97 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $.746 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.60 
Income from Investment Operations  
Net investment income (loss)B .05 
Net realized and unrealized gain (loss) .27 
Total from investment operations .32 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.92 
Total ReturnC,D 2.19% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.72%G 
Supplemental Data  
Net assets, end of period (000 omitted) $12,587,793 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2035 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.30 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .60 
Total from investment operations .63 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $14.93 
Total ReturnC,D 4.41% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .60%G 
Supplemental Data  
Net assets, end of period (000 omitted) $362,966 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.6% 
   International Equity Funds 31.1% 
   Bond Funds 4.3% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 26,948,665 $446,539,376 
Fidelity Series 1000 Value Index Fund (a) 43,015,926 540,280,025 
Fidelity Series All-Sector Equity Fund (a) 62,404,218 834,344,401 
Fidelity Series Blue Chip Growth Fund (a) 64,495,068 853,914,703 
Fidelity Series Commodity Strategy Fund (a) 80,192,540 419,406,986 
Fidelity Series Growth & Income Fund (a) 128,740,284 1,958,139,712 
Fidelity Series Growth Company Fund (a) 99,256,140 1,703,235,363 
Fidelity Series Intrinsic Opportunities Fund (a) 111,037,824 1,907,629,810 
Fidelity Series Opportunistic Insights Fund (a) 51,606,409 940,784,833 
Fidelity Series Real Estate Equity Fund (a) 13,045,379 168,415,844 
Fidelity Series Small Cap Discovery Fund (a) 20,884,915 250,618,985 
Fidelity Series Small Cap Opportunities Fund (a) 55,269,556 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund (a) 109,905,481 1,460,643,846 
Fidelity Series Value Discovery Fund (a) 74,958,702 1,005,945,781 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,325,393,148)  13,262,568,060 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 18,676,475 198,717,690 
Fidelity Series Emerging Markets Fund (a) 98,594,196 2,031,040,425 
Fidelity Series International Growth Fund (a) 122,638,260 1,948,721,951 
Fidelity Series International Small Cap Fund (a) 26,452,360 473,761,763 
Fidelity Series International Value Fund (a) 184,607,211 1,988,219,665 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,243,081,022)  6,640,461,494 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 13,801,206 144,360,611 
Fidelity Series Floating Rate High Income Fund (a) 5,029,440 47,729,389 
Fidelity Series High Income Fund (a) 31,460,072 306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund (a) 16,909,044 167,230,440 
Fidelity Series International Credit Fund (a) 966,922 9,717,570 
Fidelity Series Investment Grade Bond Fund (a) 8,930,985 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 39,190,102 344,480,997 
Fidelity Series Real Estate Income Fund (a) 8,765,882 97,914,903 
TOTAL BOND FUNDS   
(Cost $1,207,681,389)  1,219,179,058 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 172,634,935 172,634,935 
Fidelity Series Short-Term Credit Fund (a) 5,078,567 50,734,882 
TOTAL SHORT-TERM FUNDS   
(Cost $223,287,248)  223,369,817 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $16,999,442,807)  21,345,578,429 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,871,179) 
NET ASSETS - 100%  $21,333,707,250 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $157,353,366 $20,068,447 $7,972,064 $-- $513,868 $17,658,576  $446,539,376 
Fidelity Series 1000 Value Index Fund 191,170,503 26,255,270  7,352,788 -- 25,495 19,797,190  540,280,025 
Fidelity Series All-Sector Equity Fund 296,575,515 37,652,444  18,775,322 -- 305,502 33,817,057  834,344,401 
Fidelity Series Blue Chip Growth Fund 303,451,828 112,332,197 35,918,107 1,649,837  7,062,344 (32,057,731 ) 853,914,703 
Fidelity Series Canada Fund -- 112,542,030  557,772 -- 1,427 4,723,942  198,717,690 
Fidelity Series Commodity Strategy Fund 115,949,172 77,572,779  23,035,322 640,283 (1,199,202) (536,582 ) 419,406,986 
Fidelity Series Emerging Markets Debt Fund 51,381,271 8,226,756  1,535,506 1,779,220 (20,330) 708,518  144,360,611 
Fidelity Series Emerging Markets Fund 727,479,065 95,150,590  201,974,439 -- 11,431,327 99,093,026  2,031,040,425 
Fidelity Series Floating Rate High Income Fund 17,557,187 2,689,338  624,941  450,020 (8,552) (50,648 ) 47,729,389 
Fidelity Series Government Money Market Fund 1.09% 56,452,877 15,577,500  1,998,410 317,998 -- -- 172,634,935 
Fidelity Series Growth & Income Fund 509,763,605 285,830,023 (a) 24,404,265  2,944,146  (57,253) 67,461,207 1,958,139,712 
Fidelity Series Growth Company Fund 600,472,029 67,963,481 72,405,245 -- 23,562,991 91,749,400  1,703,235,363 
Fidelity Series High Income Fund 110,141,929 17,447,466 3,767,729 3,434,955 8,512 2,953,745  306,735,702 
Fidelity Series Inflation-Protected Bond Index Fund 65,384,074 5,377,550  2,959,785  42,682 (31,233) (974,190 ) 167,230,440 
Fidelity Series International Credit Fund -- 3,616,415  45 -- -- (12,182 ) 9,717,570 
Fidelity Series International Growth Fund 686,373,633 89,432,506  99,413,926  -- 2,540,338 98,957,720  1,948,721,951 
Fidelity Series International Small Cap Fund 156,827,013 20,808,471  11,605,410  -- 826,971 28,225,343  473,761,763 
Fidelity Series International Value Fund 688,167,886 98,521,299  69,798,103  -- 141,355 104,555,074  1,988,219,665 
Fidelity Series Intrinsic Opportunities Fund 451,625,015 327,548,221 (a) 2,307,182 13,287,175 (6,477) 22,210,925  1,907,629,810 
Fidelity Series Investment Grade Bond Fund 31,065,292 11,482,102  1,836,647  496,726 6,849 (63,664 ) 101,009,446 
Fidelity Series Long-Term Treasury Bond Index Fund 30,159 235,184,465  2,048,907 731,791 (17,648) (5,348,594 ) 344,480,997 
Fidelity Series Opportunistic Insights Fund 332,984,066 42,470,270 35,684,826 -- 6,482,021 45,685,637  940,784,833 
Fidelity Series Real Estate Equity Fund 60,193,847 13,514,848  2,347,976  541,555  (1,991) (1,562,903 ) 168,415,844 
Fidelity Series Real Estate Income Fund 34,859,596 6,855,141  1,185,902 935,133  4,180 153,943  97,914,903 
Fidelity Series Short-Term Credit Fund 18,743,753 2,516,694  695,388  168,919 (363) (56,684 ) 50,734,882 
Fidelity Series Small Cap Discovery Fund 89,631,440 11,551,085  3,436,609  404,042  14,184 12,790,343  250,618,985 
Fidelity Series Small Cap Opportunities Fund 270,216,572 91,265,040  10,334,488  1,433,916  (128,030) (12,767,861 ) 772,668,395 
Fidelity Series Stock Selector Large Cap Value Fund 516,075,449 73,091,638  19,782,016  -- 61,700 50,596,167  1,460,643,846 
Fidelity Series Value Discovery Fund 724,534,607 53,995,910 380,779,458(a) 5,814,090 34,705,461 (5,156,134 ) 1,005,945,781 
Total $7,264,460,749 $1,966,539,976 $1,044,538,578 $35,072,488 $86,223,446 $642,550,640  $21,345,578,429 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $16,999,442,807) — See accompanying schedule  $21,345,578,429 
Cash  16 
Receivable for investments sold  240,582 
Receivable for fund shares sold  60,311,653 
Total assets  21,406,130,680 
Liabilities   
Payable for investments purchased $13,747,670  
Payable for fund shares redeemed 46,802,133  
Accrued management fee 11,873,627  
Total liabilities  72,423,430 
Net Assets  $21,333,707,250 
Net Assets consist of:   
Paid in capital  $16,718,059,994 
Undistributed net investment income  10,488,031 
Accumulated undistributed net realized gain (loss) on investments  259,023,603 
Net unrealized appreciation (depreciation) on investments  4,346,135,622 
Net Assets  $21,333,707,250 
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($7,864,541,579 ÷ 750,772,549 shares)  $10.48 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,178,772,483 ÷ 1,257,433,086 shares)  $10.48 
Class K6:   
Net Asset Value, offering price and redemption price per share ($290,393,188 ÷ 27,709,216 shares)  $10.48 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $35,072,488 
Expenses   
Management fee $24,524,866  
Independent trustees' fees and expenses 13,711  
Total expenses before reductions 24,538,577  
Expense reductions (4,763) 24,533,814 
Net investment income (loss)  10,538,674 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 86,223,446  
Capital gain distributions from underlying funds 192,356,208  
Total net realized gain (loss)  278,579,654 
Change in net unrealized appreciation (depreciation) on underlying funds  642,550,640 
Net gain (loss)  921,130,294 
Net increase (decrease) in net assets resulting from operations  $931,668,968 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,538,674 $96,980,348 
Net realized gain (loss) 278,579,654 144,536,452 
Change in net unrealized appreciation (depreciation) 642,550,640 768,804,398 
Net increase (decrease) in net assets resulting from operations 931,668,968 1,010,321,198 
Distributions to shareholders from net investment income (3,727,463) (96,859,849) 
Distributions to shareholders from net realized gain (114,805,801) (178,085,083) 
Total distributions (118,533,264) (274,944,932) 
Share transactions - net increase (decrease) 13,256,112,838 140,516,333 
Total increase (decrease) in net assets 14,069,248,542 875,892,599 
Net Assets   
Beginning of period 7,264,458,708 6,388,566,109 
End of period $21,333,707,250 $7,264,458,708 
Other Information   
Undistributed net investment income end of period $10,488,031 $3,676,820 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2040 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $9.74 $8.75 $9.63 $9.62 $8.78 $8.15 
Income from Investment Operations       
Net investment income (loss)A B .13 .13 .15 .13 .14 
Net realized and unrealized gain (loss) .90 1.24 (.46) .57 1.17 .66 
Total from investment operations .90 1.37 (.33) .72 1.30 .80 
Distributions from net investment income (.01) (.13) (.14) (.16) (.13) (.15) 
Distributions from net realized gain (.15) (.24) (.41) (.55) (.33) (.02) 
Total distributions (.16) (.38)C (.55) (.71) (.46) (.17) 
Net asset value, end of period $10.48 $9.74 $8.75 $9.63 $9.62 $8.78 
Total ReturnD,E 9.33% 16.14% (3.62)% 7.86% 15.08% 9.94% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .50%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .50%H -% -% -% -% -% 
Expenses net of all reductions .50%H -% -% -% -% -% 
Net investment income (loss) (.07)%H 1.44% 1.47% 1.61% 1.40% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $7,864,542 $7,264,459 $6,388,566 $6,901,191 $7,016,128 $6,758,570 
Portfolio turnover rateF 26%H,J 15% 16% 17% 49% 33% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.38 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.244 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than $.005%

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.25 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .20 
Total from investment operations .23 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $13,178,772 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause rounding of expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2040 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.03 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .43 
Total from investment operations .45 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $10.48 
Total ReturnC,D 4.49% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .58%G 
Supplemental Data  
Net assets, end of period (000 omitted) $290,393 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.2 
Fidelity Series Growth Company Fund 8.0 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 15,824,921 $262,218,944 
Fidelity Series 1000 Value Index Fund (a) 25,168,054 316,110,754 
Fidelity Series All-Sector Equity Fund (a) 36,586,872 489,166,476 
Fidelity Series Blue Chip Growth Fund (a) 37,811,178 500,619,999 
Fidelity Series Commodity Strategy Fund (a) 46,906,379 245,320,361 
Fidelity Series Growth & Income Fund (a) 75,302,215 1,145,346,684 
Fidelity Series Growth Company Fund (a) 58,138,885 997,663,275 
Fidelity Series Intrinsic Opportunities Fund (a) 64,887,494 1,114,767,147 
Fidelity Series Opportunistic Insights Fund (a) 30,248,518 551,430,481 
Fidelity Series Real Estate Equity Fund (a) 7,627,776 98,474,590 
Fidelity Series Small Cap Discovery Fund (a) 12,292,223 147,506,676 
Fidelity Series Small Cap Opportunities Fund (a) 32,372,486 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund (a) 64,191,572 853,105,990 
Fidelity Series Value Discovery Fund (a) 43,868,470 588,714,863 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,137,120,899)  7,763,013,595 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 10,927,622 116,269,903 
Fidelity Series Emerging Markets Fund (a) 57,715,454 1,188,938,353 
Fidelity Series International Growth Fund (a) 71,764,721 1,140,341,423 
Fidelity Series International Small Cap Fund (a) 15,479,910 277,245,194 
Fidelity Series International Value Fund (a) 108,121,099 1,164,464,232 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,105,221,356)  3,887,259,105 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 7,975,700 83,425,827 
Fidelity Series Floating Rate High Income Fund (a) 2,965,961 28,146,973 
Fidelity Series High Income Fund (a) 18,320,332 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund (a) 9,666,662 95,603,288 
Fidelity Series International Credit Fund (a) 579,768 5,826,665 
Fidelity Series Investment Grade Bond Fund (a) 5,226,191 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 22,985,978 202,046,743 
Fidelity Series Real Estate Income Fund (a) 5,039,902 56,295,707 
TOTAL BOND FUNDS   
(Cost $701,361,755)  709,076,661 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 101,949,693 101,949,693 
Fidelity Series Short-Term Credit Fund (a) 2,961,074 29,581,130 
TOTAL SHORT-TERM FUNDS   
(Cost $131,483,660)  131,530,823 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $10,075,187,670)  12,490,880,184 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (6,869,305) 
NET ASSETS - 100%  $12,484,010,879 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $75,910,943 $15,524,569 $4,575,896 $-- $59,827 $9,780,884 $262,218,944 
Fidelity Series 1000 Value Index Fund 91,992,048 19,528,867 4,136,527 -- 566 11,383,461 316,110,754 
Fidelity Series All-Sector Equity Fund 143,160,656 29,113,923 10,579,518 -- 145,430 18,197,132 489,166,476 
Fidelity Series Blue Chip Growth Fund 146,065,471 73,063,984 18,563,103 965,380 2,920,088 (21,067,499) 500,619,999 
Fidelity Series Canada Fund -- 61,535,924 303,806 -- 843 2,654,351 116,269,903 
Fidelity Series Commodity Strategy Fund 57,174,624 32,615,921 2,597,468 373,800 (3,989) (1,122,435) 245,320,361 
Fidelity Series Emerging Markets Debt Fund 24,524,403 5,720,470 861,336 882,902 (2,456) 259,605 83,425,827 
Fidelity Series Emerging Markets Fund 350,211,750 72,670,439 114,595,361 -- 5,578,476 48,013,874 1,188,938,353 
Fidelity Series Floating Rate High Income Fund 8,373,059 1,952,667 351,830 224,557 (12,022) (16,789) 28,146,973 
Fidelity Series Government Money Market Fund 1.09% 27,106,980 10,126,396 1,134,308 164,845 -- -- 101,949,693 
Fidelity Series Growth & Income Fund 245,345,533 162,385,118(a) 13,692,503 1,428,780 (70,874) 39,997,159 1,145,346,684 
Fidelity Series Growth Company Fund 287,954,017 49,990,692 30,835,241 -- 8,315,631 50,655,647 997,663,275 
Fidelity Series High Income Fund 52,683,359 12,436,997 2,118,931 1,711,089 7,137 1,634,471 178,623,240 
Fidelity Series Inflation-Protected Bond Index Fund 30,442,561 5,275,619 1,131,698 21,029 (4,577) (636,851) 95,603,288 
Fidelity Series International Credit Fund -- 1,831,987 54 -- -- (10,669) 5,826,665 
Fidelity Series International Growth Fund 330,326,316 68,184,653 53,684,155 -- 978,354 49,849,064 1,140,341,423 
Fidelity Series International Small Cap Fund 75,475,113 15,991,173 6,048,968 -- 343,000 14,258,130 277,245,194 
Fidelity Series International Value Fund 331,188,904 73,252,616 37,429,922 -- (33,346) 55,510,949 1,164,464,232 
Fidelity Series Intrinsic Opportunities Fund 217,564,424 186,038,547(a) 1,180,175 7,751,637 18,709 8,878,747 1,114,767,147 
Fidelity Series Investment Grade Bond Fund 15,221,209 6,596,393 993,434 250,430 (302) (101,500) 59,108,218 
Fidelity Series Long-Term Treasury Bond Index Fund 15,326 132,127,369 948,655 380,584 (8,089) (3,350,717) 202,046,743 
Fidelity Series Opportunistic Insights Fund 160,281,094 32,888,902 18,540,631 -- 1,861,676 25,067,641 551,430,481 
Fidelity Series Real Estate Equity Fund 29,201,655 8,835,464 1,320,435 270,487 404 (935,695) 98,474,590 
Fidelity Series Real Estate Income Fund 16,661,979 4,749,877 666,290 462,005 (3,211) 62,150 56,295,707 
Fidelity Series Short-Term Credit Fund 8,971,211 1,910,121 391,720 84,627 (146) (42,382) 29,581,130 
Fidelity Series Small Cap Discovery Fund 43,182,271 8,881,763 1,934,578 195,855 9,642 7,679,804 147,506,676 
Fidelity Series Small Cap Opportunities Fund 130,040,169 59,288,923 5,814,805 838,254 (74,040) (7,487,537) 452,567,355 
Fidelity Series Stock Selector Large Cap Value Fund 248,384,564 53,318,083 11,127,391 -- 69,299 28,991,227 853,105,990 
Fidelity Series Value Discovery Fund 348,724,861 40,767,058 186,528,060(a) 2,807,877 13,434,268 3,929,915 588,714,863 
Total $3,496,184,500 $1,246,604,515 $532,086,799 $18,814,138 $33,530,298 $342,032,137 $12,490,880,184 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $10,075,187,670) — See accompanying schedule  $12,490,880,184 
Cash  20 
Receivable for investments sold  149,235 
Receivable for fund shares sold  26,128,182 
Total assets  12,517,157,621 
Liabilities   
Payable for investments purchased $15,304,485  
Payable for fund shares redeemed 10,972,835  
Accrued management fee 6,869,422  
Total liabilities  33,146,742 
Net Assets  $12,484,010,879 
Net Assets consist of:   
Paid in capital  $9,931,266,174 
Undistributed net investment income  5,850,931 
Accumulated undistributed net realized gain (loss) on investments  131,201,260 
Net unrealized appreciation (depreciation) on investments  2,415,692,514 
Net Assets  $12,484,010,879 
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($3,868,175,971 ÷ 326,577,664 shares)  $11.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($8,453,836,734 ÷ 713,576,844 shares)  $11.85 
Class K6:   
Net Asset Value, offering price and redemption price per share ($161,998,174 ÷ 13,671,032 shares)  $11.85 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $18,814,138 
Expenses   
Management fee $12,762,851  
Independent trustees' fees and expenses 6,641  
Total expenses before reductions 12,769,492  
Expense reductions (2,292) 12,767,200 
Net investment income (loss)  6,046,938 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 33,530,298  
Capital gain distributions from underlying funds 110,645,377  
Total net realized gain (loss)  144,175,675 
Change in net unrealized appreciation (depreciation) on underlying funds  342,032,137 
Net gain (loss)  486,207,812 
Net increase (decrease) in net assets resulting from operations  $492,254,750 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,046,938 $45,505,718 
Net realized gain (loss) 144,175,675 70,221,421 
Change in net unrealized appreciation (depreciation) 342,032,137 358,042,833 
Net increase (decrease) in net assets resulting from operations 492,254,750 473,769,972 
Distributions to shareholders from net investment income (1,914,156) (45,424,022) 
Distributions to shareholders from net realized gain (50,405,841) (83,790,283) 
Total distributions (52,319,997) (129,214,305) 
Share transactions - net increase (decrease) 8,547,892,172 238,655,834 
Total increase (decrease) in net assets 8,987,826,925 583,211,501 
Net Assets   
Beginning of period 3,496,183,954 2,912,972,453 
End of period $12,484,010,879 $3,496,183,954 
Other Information   
Undistributed net investment income end of period $5,850,931 $1,718,149 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2045 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.00 $9.89 $10.84 $11.09 $10.42 $9.65 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .17 
Net realized and unrealized gain (loss) 1.01 1.39 (.52) .64 1.39 .79 
Total from investment operations 1.00 1.54 (.37) .81 1.54 .96 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.43) (.89) (.72) (.02) 
Total distributions (.16)B (.43) (.58)C (1.06)D (.87) (.19) 
Net asset value, end of period $11.84 $11.00 $9.89 $10.84 $11.09 $10.42 
Total ReturnE,F 9.22% 16.08% (3.59)% 7.93% 15.38% 10.14% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .51%I - %J - %J - %J - %J - %J 
Expenses net of fee waivers, if any .51%I -% -% -% -% -% 
Expenses net of all reductions .51%I -% -% -% -% -% 
Net investment income (loss) (.10)%I 1.45% 1.48% 1.62% 1.42% 1.75% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,868,176 $3,496,184 $2,912,972 $2,993,926 $2,885,106 $2,480,465 
Portfolio turnover rateG 26%I,K 15% 17% 21% 53% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.158 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.427 per share.

 D Total distributions of $1.06 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.886 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Annualized

 J Amount represents less than .005%.

 K The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.59 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 2.24% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $8,453,837 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2045 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.34 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.85 
Total ReturnC,D 4.50% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $161,998 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 9.0 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.1 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.1% 
   Bond Funds 5.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 13,194,889 $218,639,307 
Fidelity Series 1000 Value Index Fund (a) 21,037,705 264,233,573 
Fidelity Series All-Sector Equity Fund (a) 30,556,373 408,538,710 
Fidelity Series Blue Chip Growth Fund (a) 31,579,785 418,116,349 
Fidelity Series Commodity Strategy Fund (a) 39,251,020 205,282,834 
Fidelity Series Growth & Income Fund (a) 63,008,121 958,353,519 
Fidelity Series Growth Company Fund (a) 48,600,881 833,991,113 
Fidelity Series Intrinsic Opportunities Fund (a) 54,603,690 938,091,395 
Fidelity Series Opportunistic Insights Fund (a) 25,266,629 460,610,651 
Fidelity Series Real Estate Equity Fund (a) 6,364,761 82,169,066 
Fidelity Series Small Cap Discovery Fund (a) 10,236,031 122,832,369 
Fidelity Series Small Cap Opportunities Fund (a) 27,035,045 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund (a) 53,736,884 714,163,189 
Fidelity Series Value Discovery Fund (a) 36,646,359 491,794,132 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,148,727,253)  6,494,766,130 
International Equity Funds - 31.1%   
Fidelity Series Canada Fund (a) 9,142,401 97,275,145 
Fidelity Series Emerging Markets Fund (a) 48,291,266 994,800,073 
Fidelity Series International Growth Fund (a) 60,659,120 963,873,414 
Fidelity Series International Small Cap Fund (a) 12,952,376 231,977,054 
Fidelity Series International Value Fund (a) 89,553,646 964,492,768 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,600,154,410)  3,252,418,454 
Bond Funds - 5.7%   
Fidelity Series Emerging Markets Debt Fund (a) 6,663,727 69,702,580 
Fidelity Series Floating Rate High Income Fund (a) 2,498,615 23,711,860 
Fidelity Series High Income Fund (a) 15,317,454 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund (a) 8,038,454 79,500,314 
Fidelity Series International Credit Fund (a) 487,949 4,903,889 
Fidelity Series Investment Grade Bond Fund (a) 4,373,641 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 19,241,832 169,135,703 
Fidelity Series Real Estate Income Fund (a) 4,214,266 47,073,355 
TOTAL BOND FUNDS   
(Cost $587,050,259)  592,838,749 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 85,557,687 85,557,687 
Fidelity Series Short-Term Credit Fund (a) 2,475,825 24,733,489 
TOTAL SHORT-TERM FUNDS   
(Cost $110,250,251)  110,291,176 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $8,446,182,173)  10,450,314,509 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (5,750,134) 
NET ASSETS - 100%  $10,444,564,375 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $62,638,976 $12,282,357 $3,783,364 $-- $34,519 $8,139,096 $218,639,307 
Fidelity Series 1000 Value Index Fund 75,814,592 15,531,621 3,400,562 -- 2,971 9,502,464 264,233,573 
Fidelity Series All-Sector Equity Fund 118,131,044 23,048,673 8,776,540 -- 101,928 15,150,411 408,538,710 
Fidelity Series Blue Chip Growth Fund 120,528,023 59,680,665 15,381,631 805,607 2,207,328 (17,484,005) 418,116,349 
Fidelity Series Canada Fund -- 50,850,109 276,844 -- 594 2,215,194 97,275,145 
Fidelity Series Commodity Strategy Fund 47,433,910 26,121,015 2,126,321 312,526 (4,679) (936,150) 205,282,834 
Fidelity Series Emerging Markets Debt Fund 20,222,367 4,523,355 711,950 729,494 8,926 196,724 69,702,580 
Fidelity Series Emerging Markets Fund 288,955,854 56,574,977 95,045,263 -- 5,138,809 39,119,867 994,800,073 
Fidelity Series Floating Rate High Income Fund 6,949,953 1,558,126 289,928 186,842 (3,634) (20,130) 23,711,860 
Fidelity Series Government Money Market Fund 1.09% 22,353,640 8,246,193 944,372 133,767 -- -- 85,557,687 
Fidelity Series Growth & Income Fund 202,356,403 131,379,387(a) 10,973,399 1,182,460 (49,312) 33,506,253 958,353,519 
Fidelity Series Growth Company Fund 237,459,962 38,340,093 24,465,424 -- 6,115,700 42,748,239 833,991,113 
Fidelity Series High Income Fund 43,407,771 9,901,489 1,747,123 1,413,369 5,414 1,363,970 149,345,174 
Fidelity Series Inflation-Protected Bond Index Fund 24,822,064 4,444,949 932,092 17,286 (2,451) (533,869) 79,500,314 
Fidelity Series International Credit Fund -- 1,535,600 29 -- -- (9,042) 4,903,889 
Fidelity Series International Growth Fund 272,563,530 53,444,391 34,372,528 -- 613,646 41,422,447 963,873,414 
Fidelity Series International Small Cap Fund 62,277,109 12,597,480 4,978,948 -- 274,164 11,800,905 231,977,054 
Fidelity Series International Value Fund 273,275,108 57,754,520 40,352,377 -- (203,081) 46,132,200 964,492,768 
Fidelity Series Intrinsic Opportunities Fund 180,016,043 151,326,605(a) 1,132,968 6,517,021 18,524 7,207,931 938,091,395 
Fidelity Series Investment Grade Bond Fund 12,708,969 5,171,238 819,573 207,740 (1,904) (85,868) 49,465,874 
Fidelity Series Long-Term Treasury Bond Index Fund 12,932 109,848,564 719,576 318,403 (6,383) (2,820,811) 169,135,703 
Fidelity Series Opportunistic Insights Fund 132,258,253 26,029,887 15,361,707 -- 1,357,652 20,979,842 460,610,651 
Fidelity Series Real Estate Equity Fund 24,159,960 7,017,073 1,085,813 221,767 (3,879) (768,790) 82,169,066 
Fidelity Series Real Estate Income Fund 13,720,923 3,813,337 550,271 378,017 (856) 53,567 47,073,355 
Fidelity Series Short-Term Credit Fund 7,399,416 1,523,960 322,501 70,011 (95) (35,867) 24,733,489 
Fidelity Series Small Cap Discovery Fund 35,628,306 7,041,529 1,588,083 161,670 1,067 6,405,605 122,832,369 
Fidelity Series Small Cap Opportunities Fund 107,210,344 48,367,869 4,778,945 699,459 (67,524) (6,235,610) 377,949,923 
Fidelity Series Stock Selector Large Cap Value Fund 204,864,144 42,067,402 9,149,875 -- 88,713 24,218,430 714,163,189 
Fidelity Series Value Discovery Fund 287,661,234 33,066,268 154,494,028(a) 2,321,098 10,916,415 3,593,354 491,794,132 
Total $2,884,830,830 $1,003,088,732 $438,562,035 $15,676,537 $26,542,572 $284,826,357 $10,450,314,509 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $8,446,182,173) — See accompanying schedule  $10,450,314,509 
Cash  
Receivable for investments sold  103,924 
Receivable for fund shares sold  32,206,962 
Total assets  10,482,625,397 
Liabilities   
Payable for investments purchased $15,053,079  
Payable for fund shares redeemed 17,253,958  
Accrued management fee 5,753,985  
Total liabilities  38,061,022 
Net Assets  $10,444,564,375 
Net Assets consist of:   
Paid in capital  $8,326,774,806 
Undistributed net investment income  4,995,384 
Accumulated undistributed net realized gain (loss) on investments  108,661,849 
Net unrealized appreciation (depreciation) on investments  2,004,132,336 
Net Assets  $10,444,564,375 
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($3,198,263,270 ÷ 268,584,185 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,126,047,761 ÷ 598,418,626 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($120,253,344 ÷ 10,094,895 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $15,676,537 
Expenses   
Management fee $10,595,742  
Independent trustees' fees and expenses 5,482  
Total expenses before reductions 10,601,224  
Expense reductions (1,891) 10,599,333 
Net investment income (loss)  5,077,204 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 26,542,572  
Capital gain distributions from underlying funds 92,403,402  
Total net realized gain (loss)  118,945,974 
Change in net unrealized appreciation (depreciation) on underlying funds  284,826,357 
Net gain (loss)  403,772,331 
Net increase (decrease) in net assets resulting from operations  $408,849,535 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,077,204 $37,285,493 
Net realized gain (loss) 118,945,974 56,748,247 
Change in net unrealized appreciation (depreciation) 284,826,357 294,641,485 
Net increase (decrease) in net assets resulting from operations 408,849,535 388,675,225 
Distributions to shareholders from net investment income (1,573,575) (36,871,772) 
Distributions to shareholders from net realized gain (40,897,550) (67,884,342) 
Total distributions (42,471,125) (104,756,114) 
Share transactions - net increase (decrease) 7,193,355,581 237,530,130 
Total increase (decrease) in net assets 7,559,733,991 521,449,241 
Net Assets   
Beginning of period 2,884,830,384 2,363,381,143 
End of period $10,444,564,375 $2,884,830,384 
Other Information   
Undistributed net investment income end of period $4,995,384 $1,491,755 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2050 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.05 $9.93 $10.90 $11.15 $10.28 $9.51 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .15 .17 .15 .16 
Net realized and unrealized gain (loss) 1.03 1.40 (.52) .65 1.41 .79 
Total from investment operations 1.02 1.55 (.37) .82 1.56 .95 
Distributions from net investment income (.01) (.15) (.16) (.18) (.15) (.17) 
Distributions from net realized gain (.16) (.28) (.44) (.89) (.54) (.02) 
Total distributions (.16)B (.43) (.60) (1.07) (.69) (.18)C 
Net asset value, end of period $11.91 $11.05 $9.93 $10.90 $11.15 $10.28 
Total ReturnD,E 9.34% 16.11% (3.65)% 7.91% 15.53% 10.18% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) (.10)%H 1.45% 1.49% 1.62% 1.41% 1.71% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,198,263 $2,884,830 $2,363,381 $2,375,308 $2,297,832 $2,069,745 
Portfolio turnover rateF 26%H,J 15% 17% 23% 57% 44% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.16 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.156 per share.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.167 and distributions from net realized gain of $.016 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.55%G 
Supplemental Data  
Net assets, end of period (000 omitted) $7,126,048 
Portfolio turnover rateE 26%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2050 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .56%G 
Supplemental Data  
Net assets, end of period (000 omitted) $120,253 
Portfolio turnover rateE 26%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Growth Fund 9.3 9.4 
Fidelity Series International Value Fund 9.3 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.3 
Fidelity Series Growth Company Fund 8.0 8.2 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 7.1 
Fidelity Series Value Discovery Fund 4.7 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.2% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 4,820,754 $79,879,889 
Fidelity Series 1000 Value Index Fund (a) 7,694,094 96,637,819 
Fidelity Series All-Sector Equity Fund (a) 11,158,425 149,188,136 
Fidelity Series Blue Chip Growth Fund (a) 11,532,238 152,686,832 
Fidelity Series Commodity Strategy Fund (a) 14,309,370 74,838,008 
Fidelity Series Growth & Income Fund (a) 23,001,679 349,855,533 
Fidelity Series Growth Company Fund (a) 17,730,994 304,263,854 
Fidelity Series Intrinsic Opportunities Fund (a) 19,719,876 338,787,461 
Fidelity Series Opportunistic Insights Fund (a) 9,225,596 168,182,611 
Fidelity Series Real Estate Equity Fund (a) 2,338,460 30,189,516 
Fidelity Series Small Cap Discovery Fund (a) 3,750,399 45,004,794 
Fidelity Series Small Cap Opportunities Fund (a) 9,888,231 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund (a) 19,641,936 261,041,325 
Fidelity Series Value Discovery Fund (a) 13,419,371 180,087,962 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,036,471,704)  2,368,881,207 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 3,333,695 35,470,518 
Fidelity Series Emerging Markets Fund (a) 17,616,212 362,893,972 
Fidelity Series International Growth Fund (a) 22,134,998 351,725,112 
Fidelity Series International Small Cap Fund (a) 4,725,848 84,639,931 
Fidelity Series International Value Fund (a) 32,655,536 351,700,125 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,004,313,811)  1,186,429,658 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 2,369,281 24,782,682 
Fidelity Series Floating Rate High Income Fund (a) 923,215 8,761,308 
Fidelity Series High Income Fund (a) 5,590,770 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,854,465 28,230,654 
Fidelity Series International Credit Fund (a) 164,923 1,657,481 
Fidelity Series Investment Grade Bond Fund (a) 1,595,553 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,033,790 61,827,018 
Fidelity Series Real Estate Income Fund (a) 1,546,605 17,275,577 
TOTAL BOND FUNDS   
(Cost $212,813,460)  215,090,427 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 31,734,244 31,734,244 
Fidelity Series Short-Term Credit Fund (a) 887,316 8,864,288 
TOTAL SHORT-TERM FUNDS   
(Cost $40,584,864)  40,598,532 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $3,294,183,839)  3,810,999,824 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,066,170) 
NET ASSETS - 100%  $3,808,933,654 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $20,033,106 $6,773,756 $1,203,986 $-- $549 $2,852,860 $79,879,889 
Fidelity Series 1000 Value Index Fund 24,255,513 8,292,616 859,745 -- (861) 3,419,185 96,637,819 
Fidelity Series All-Sector Equity Fund 37,780,585 12,717,461 2,766,774 -- (27,018) 5,330,484 149,188,136 
Fidelity Series Blue Chip Growth Fund 38,547,010 26,122,634 4,952,444 291,927 244,136 (6,265,142) 152,686,832 
Fidelity Series Canada Fund -- 18,499,468 47,314 -- (126) 794,182 35,470,518 
Fidelity Series Commodity Strategy Fund 15,750,440 10,434,694 545,402 113,080 (6,060) (343,122) 74,838,008 
Fidelity Series Emerging Markets Debt Fund 6,351,178 2,234,903 181,029 240,218 2,412 54,726 24,782,682 
Fidelity Series Emerging Markets Fund 92,291,452 30,325,461 31,985,843 -- 799,138 13,797,875 362,893,972 
Fidelity Series Floating Rate High Income Fund 2,277,567 821,013 73,614 64,548 (320) (7,988) 8,761,308 
Fidelity Series Government Money Market Fund 1.09% 7,128,818 3,968,860 243,531 46,022 -- -- 31,734,244 
Fidelity Series Growth & Income Fund 64,757,517 54,481,112(a) 3,076,635 389,581 (11,267) 12,133,704 349,855,533 
Fidelity Series Growth Company Fund 75,561,673 19,733,140 3,946,656 -- 180,471 16,260,914 304,263,854 
Fidelity Series High Income Fund 13,866,939 5,124,786 444,105 476,917 2,052 480,862 54,510,003 
Fidelity Series Inflation-Protected Bond Index Fund 7,439,777 2,442,490 236,532 5,617 613 (200,281) 28,230,654 
Fidelity Series International Credit Fund -- 522,470 12 -- -- (3,022) 1,657,481 
Fidelity Series International Growth Fund 87,135,142 29,062,848 10,441,328 -- 227,003 13,822,692 351,725,112 
Fidelity Series International Small Cap Fund 19,909,249 6,898,800 1,426,222 -- 69,217 3,979,314 84,639,931 
Fidelity Series International Value Fund 87,362,038 30,607,178 13,204,306 -- 52,105 15,786,113 351,700,125 
Fidelity Series Intrinsic Opportunities Fund 58,119,244 60,605,986(a) 358,817 2,339,436 (1,814) 2,143,625 338,787,461 
Fidelity Series Investment Grade Bond Fund 4,305,047 2,084,346 254,401 71,208 (587) (37,446) 18,045,704 
Fidelity Series Long-Term Treasury Bond Index Fund 4,445 39,936,618 168,027 110,999 (959) (1,044,150) 61,827,018 
Fidelity Series Opportunistic Insights Fund 42,298,882 14,342,523 4,905,731 -- 176,551 7,422,789 168,182,611 
Fidelity Series Real Estate Equity Fund 7,780,471 3,418,595 318,532 76,043 (9,248) (283,484) 30,189,516 
Fidelity Series Real Estate Income Fund 4,370,535 1,906,144 140,182 128,506 559 10,319 17,275,577 
Fidelity Series Short-Term Credit Fund 2,301,275 836,350 81,737 23,156 120 (14,087) 8,864,288 
Fidelity Series Small Cap Discovery Fund 11,402,903 3,866,105 506,399 53,223 (1,347) 2,345,546 45,004,794 
Fidelity Series Small Cap Opportunities Fund 34,103,264 21,430,438 1,207,900 253,866 (8,839) (2,265,854) 138,237,467 
Fidelity Series Stock Selector Large Cap Value Fund 65,335,056 22,780,771 2,313,289 -- (17,198) 8,762,307 261,041,325 
Fidelity Series Value Discovery Fund 91,815,328 18,042,088 50,047,988(a) 757,944 2,761,314 2,502,843 180,087,962 
Total $922,284,454 $458,313,654 $135,938,481 $5,442,291 $4,430,596 $101,435,764 $3,810,999,824 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,294,183,839) — See accompanying schedule  $3,810,999,824 
Receivable for investments sold  5,791 
Receivable for fund shares sold  13,893,189 
Total assets  3,824,898,804 
Liabilities   
Payable for investments purchased $10,813,212  
Payable for fund shares redeemed 3,089,347  
Accrued management fee 2,062,591  
Total liabilities  15,965,150 
Net Assets  $3,808,933,654 
Net Assets consist of:   
Paid in capital  $3,257,624,672 
Undistributed net investment income  1,713,090 
Accumulated undistributed net realized gain (loss) on investments  32,779,907 
Net unrealized appreciation (depreciation) on investments  516,815,985 
Net Assets  $3,808,933,654 
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,101,424,421 ÷ 82,197,274 shares)  $13.40 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,656,024,805 ÷ 198,110,607 shares)  $13.41 
Class K6:   
Net Asset Value, offering price and redemption price per share ($51,484,428 ÷ 3,840,166 shares)  $13.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,442,291 
Expenses   
Management fee $3,658,260  
Independent trustees' fees and expenses 1,796  
Total expenses before reductions 3,660,056  
Expense reductions (605) 3,659,451 
Net investment income (loss)  1,782,840 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 4,430,596  
Capital gain distributions from underlying funds 33,251,525  
Total net realized gain (loss)  37,682,121 
Change in net unrealized appreciation (depreciation) on underlying funds  101,435,764 
Net gain (loss)  139,117,885 
Net increase (decrease) in net assets resulting from operations  $140,900,725 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,782,840 $11,233,935 
Net realized gain (loss) 37,682,121 11,661,308 
Change in net unrealized appreciation (depreciation) 101,435,764 93,927,353 
Net increase (decrease) in net assets resulting from operations 140,900,725 116,822,596 
Distributions to shareholders from net investment income (530,888) (11,091,790) 
Distributions to shareholders from net realized gain (10,617,722) (15,197,673) 
Total distributions (11,148,610) (26,289,463) 
Share transactions - net increase (decrease) 2,756,897,234 182,129,905 
Total increase (decrease) in net assets 2,886,649,349 272,663,038 
Net Assets   
Beginning of period 922,284,305 649,621,267 
End of period $3,808,933,654 $922,284,305 
Other Information   
Undistributed net investment income end of period $1,713,090 $461,138 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2055 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.41 $11.08 $12.06 $11.73 $10.56 $9.77 
Income from Investment Operations       
Net investment income (loss)A .01 .17 .17 .19 .16 .20 
Net realized and unrealized gain (loss) 1.13 1.57 (.59) .72 1.51 .80 
Total from investment operations 1.14 1.74 (.42) .91 1.67 1.00 
Distributions from net investment income (.01) (.16) (.17) (.18) (.14) (.14) 
Distributions from net realized gain (.14) (.25) (.39) (.39) (.36) (.06) 
Total distributions (.15) (.41) (.56) (.58)B (.50) (.21)C 
Net asset value, end of period $13.40 $12.41 $11.08 $12.06 $11.73 $10.56 
Total ReturnD,E 9.24% 16.17% (3.69)% 7.98% 16.00% 10.39% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .51%H - %I - %I - %I - %I - %I 
Expenses net of fee waivers, if any .51%H -% -% -% -% -% 
Expenses net of all reductions .51%H -% -% -% -% -% 
Net investment income (loss) .15%H 1.46% 1.51% 1.64% 1.40% 1.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,101,424 $922,284 $649,621 $527,231 $350,647 $155,142 
Portfolio turnover rateF 25%H,J 18% 20% 21% 47% 45% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of .58 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.394 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.064 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.11 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .28 
Total from investment operations .30 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 2.29% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) .64%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,656,025 
Portfolio turnover rateE 25%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2055 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.83 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .56 
Total from investment operations .58 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $13.41 
Total ReturnC,D 4.52% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $51,484 
Portfolio turnover rateE 25%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Series Emerging Markets Fund 9.5 10.0 
Fidelity Series International Value Fund 9.4 9.5 
Fidelity Series Growth & Income Fund 9.2 7.0 
Fidelity Series International Growth Fund 9.2 9.4 
Fidelity Series Intrinsic Opportunities Fund 8.9 6.5 
Fidelity Series Growth Company Fund 8.0 7.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 7.1 
Fidelity Series Value Discovery Fund 4.8 10.0 
Fidelity Series Opportunistic Insights Fund 4.4 4.6 
Fidelity Series Blue Chip Growth Fund 4.0 4.2 
 74.2 76.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 62.2% 
   International Equity Funds 31.2% 
   Bond Funds 5.6% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Not included in the pie chart


Six months ago 
   Domestic Equity Funds 63.7% 
   International Equity Funds 31.1% 
   Bond Funds 4.1% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments. 

Fidelity Freedom® 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.2%   
 Shares Value 
Fidelity Series 100 Index Fund (a) 716,690 $11,875,550 
Fidelity Series 1000 Value Index Fund (a) 1,146,318 14,397,760 
Fidelity Series All-Sector Equity Fund (a) 1,661,654 22,216,310 
Fidelity Series Blue Chip Growth Fund (a) 1,717,008 22,733,186 
Fidelity Series Commodity Strategy Fund (a) 2,133,067 11,155,940 
Fidelity Series Growth & Income Fund (a) 3,422,682 52,058,995 
Fidelity Series Growth Company Fund (a) 2,634,983 45,216,308 
Fidelity Series Intrinsic Opportunities Fund (a) 2,956,620 50,794,737 
Fidelity Series Opportunistic Insights Fund (a) 1,373,410 25,037,262 
Fidelity Series Real Estate Equity Fund (a) 347,002 4,479,799 
Fidelity Series Small Cap Discovery Fund (a) 557,266 6,687,194 
Fidelity Series Small Cap Opportunities Fund (a) 1,475,430 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund (a) 2,919,085 38,794,636 
Fidelity Series Value Discovery Fund (a) 2,015,970 27,054,319 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $319,390,268)  353,128,514 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (a) 496,709 5,284,980 
Fidelity Series Emerging Markets Fund (a) 2,625,559 54,086,525 
Fidelity Series International Growth Fund (a) 3,262,803 51,845,943 
Fidelity Series International Small Cap Fund (a) 705,327 12,632,405 
Fidelity Series International Value Fund (a) 4,919,757 52,985,787 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $151,800,814)  176,835,640 
Bond Funds - 5.6%   
Fidelity Series Emerging Markets Debt Fund (a) 333,953 3,493,150 
Fidelity Series Floating Rate High Income Fund (a) 135,929 1,289,963 
Fidelity Series High Income Fund (a) 833,478 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund (a) 428,194 4,234,840 
Fidelity Series International Credit Fund (a) 24,159 242,794 
Fidelity Series Investment Grade Bond Fund (a) 238,771 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,048,994 9,220,655 
Fidelity Series Real Estate Income Fund (a) 229,627 2,564,932 
TOTAL BOND FUNDS   
(Cost $31,230,028)  31,873,245 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 1.09%(a)(b) 4,742,579 4,742,579 
Fidelity Series Short-Term Credit Fund (a) 136,950 1,368,131 
TOTAL SHORT-TERM FUNDS   
(Cost $6,109,168)  6,110,710 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $508,530,278)  567,948,109 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (303,713) 
NET ASSETS - 100%  $567,644,396 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series 100 Index Fund $2,525,417 $1,827,785 $197,745 $-- $1,431 $411,346 $11,875,550 
Fidelity Series 1000 Value Index Fund 3,069,993 2,232,285 165,576 -- (697) 499,116 14,397,760 
Fidelity Series All-Sector Equity Fund 4,762,745 3,440,290 433,862 -- 4,411 759,105 22,216,310 
Fidelity Series Blue Chip Growth Fund 4,859,349 5,421,507 714,997 42,757 1,586 (921,949) 22,733,186 
Fidelity Series Canada Fund -- 2,854,967 3,071 -- (14) 117,921 5,284,980 
Fidelity Series Commodity Strategy Fund 1,964,660 2,227,062 54,186 16,582 (427) (40,531) 11,155,940 
Fidelity Series Emerging Markets Debt Fund 762,854 543,708 17,534 32,662 128 7,184 3,493,150 
Fidelity Series Emerging Markets Fund 11,652,982 7,695,526 4,030,300 -- 33,600 2,024,802 54,086,525 
Fidelity Series Floating Rate High Income Fund 280,209 213,477 7,163 9,127 37 (1,263) 1,289,963 
Fidelity Series Government Money Market Fund 1.09% 921,937 855,542 23,983 6,774 -- -- 4,742,579 
Fidelity Series Growth & Income Fund 8,185,945 11,165,649(a) 587,509 55,146 (2,508) 1,761,391 52,058,995 
Fidelity Series Growth Company Fund 9,226,869 6,114,410 263,706 -- 9,105 2,210,830 45,216,308 
Fidelity Series High Income Fund 1,737,800 1,311,129 43,242 68,102 290 68,818 8,126,407 
Fidelity Series Inflation-Protected Bond Index Fund 936,424 658,241 23,070 828 104 (29,294) 4,234,840 
Fidelity Series International Credit Fund -- 79,514 -- -- -- (413) 242,794 
Fidelity Series International Growth Fund 10,972,971 7,741,787 1,866,233 -- 31,035 1,920,332 51,845,943 
Fidelity Series International Small Cap Fund 2,507,199 1,836,581 157,567 -- 7,898 558,512 12,632,405 
Fidelity Series International Value Fund 11,001,344 8,012,108 1,218,589 -- 16,701 2,245,089 52,985,787 
Fidelity Series Intrinsic Opportunities Fund 7,535,524 11,974,736(a) 280,851 345,381 (676) 290,690 50,794,737 
Fidelity Series Investment Grade Bond Fund 520,788 515,258 36,788 10,175 243 (6,624) 2,700,504 
Fidelity Series Long-Term Treasury Bond Index Fund 370 6,089,525 15,206 16,281 (32) (152,235) 9,220,655 
Fidelity Series Opportunistic Insights Fund 5,332,374 3,863,975 726,912 -- 3,021 1,076,080 25,037,262 
Fidelity Series Real Estate Equity Fund 988,977 817,012 62,493 11,178 (4,040) (41,399) 4,479,799 
Fidelity Series Real Estate Income Fund 550,371 449,660 13,625 18,718 28 280 2,564,932 
Fidelity Series Short-Term Credit Fund 297,090 228,344 7,947 3,466 (2,195) 1,368,131 
Fidelity Series Small Cap Discovery Fund 1,441,817 1,046,298 102,260 7,476 (214) 341,552 6,687,194 
Fidelity Series Small Cap Opportunities Fund 4,306,667 4,559,614 208,441 37,264 (131) (324,286) 20,626,518 
Fidelity Series Stock Selector Large Cap Value Fund 8,247,099 5,984,437 375,136 -- (883) 1,278,097 38,794,636 
Fidelity Series Value Discovery Fund 11,565,215 4,968,308 6,759,113(a) 105,468 134,204 640,618 27,054,319 
Total $116,154,990 $104,728,735 $18,397,105 $787,385 $234,209 $14,691,574 $567,948,109 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, as applicable. See the Notes to Financial Statements for additional details.


Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $508,530,278) — See accompanying schedule  $567,948,109 
Cash  
Receivable for fund shares sold  3,742,930 
Total assets  571,691,045 
Liabilities   
Payable for investments purchased $3,336,577  
Payable for fund shares redeemed 406,680  
Accrued management fee 303,392  
Total liabilities  4,046,649 
Net Assets  $567,644,396 
Net Assets consist of:   
Paid in capital  $503,252,558 
Undistributed net investment income  251,669 
Accumulated undistributed net realized gain (loss) on investments  4,722,338 
Net unrealized appreciation (depreciation) on investments  59,417,831 
Net Assets  $567,644,396 
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($172,758,482 ÷ 14,509,360 shares)  $11.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($385,223,899 ÷ 32,348,653 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($9,662,015 ÷ 811,056 shares)  $11.91 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $787,385 
Expenses   
Management fee $535,309  
Independent trustees' fees and expenses 245  
Total expenses before reductions 535,554  
Expense reductions (75) 535,479 
Net investment income (loss)  251,906 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 234,209  
Capital gain distributions from underlying funds 4,889,391  
Total net realized gain (loss)  5,123,600 
Change in net unrealized appreciation (depreciation) on underlying funds  14,691,574 
Net gain (loss)  19,815,174 
Net increase (decrease) in net assets resulting from operations  $20,067,080 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $251,906 $1,154,087 
Net realized gain (loss) 5,123,600 1,463,110 
Change in net unrealized appreciation (depreciation) 14,691,574 9,155,957 
Net increase (decrease) in net assets resulting from operations 20,067,080 11,773,154 
Distributions to shareholders from net investment income (57,327) (1,119,481) 
Distributions to shareholders from net realized gain (1,284,107) (924,001) 
Total distributions (1,341,434) (2,043,482) 
Share transactions - net increase (decrease) 432,763,762 59,406,386 
Total increase (decrease) in net assets 451,489,408 69,136,058 
Net Assets   
Beginning of period 116,154,988 47,018,930 
End of period $567,644,396 $116,154,988 
Other Information   
Undistributed net investment income end of period $251,669 $57,090 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom 2060 Fund

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015A 
Selected Per–Share Data     
Net asset value, beginning of period $11.01 $9.78 $10.45 $10.00 
Income from Investment Operations     
Net investment income (loss)B (.01) .16 .16 .10 
Net realized and unrealized gain (loss) 1.03 1.37 (.53) .52 
Total from investment operations 1.02 1.53 (.37) .62 
Distributions from net investment income (.01) (.13) (.12) (.10) 
Distributions from net realized gain (.11) (.17) (.17) (.07) 
Total distributions (.12) (.30) (.30)C (.17) 
Net asset value, end of period $11.91 $11.01 $9.78 $10.45 
Total ReturnD,E 9.30% 16.01% (3.67)% 6.22% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .53%H - %I - %I - %H,I 
Expenses net of fee waivers, if any .53%H -% -% - %H 
Expenses net of all reductions .53%H -% -% - %H 
Net investment income (loss) (.11)%H 1.54% 1.67% 1.54%H 
Supplemental Data     
Net assets, end of period (000 omitted) $172,758 $116,155 $47,019 $8,968 
Portfolio turnover rateF 23%H,J 21% 31% 28%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.30 per share is comprised of distributions from net investment income of $.121 and distributions from net realized gain of $.174 per share.

 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 Amounts do not include the activity of the Underlying Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Annualized

 I Amount represents less than .005%.

 J The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.65 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .23 
Total from investment operations .26 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 2.23% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .67%G,H 
Expenses net of fee waivers, if any .67%G,H 
Expenses net of all reductions .67%G,H 
Net investment income (loss) 1.44%G 
Supplemental Data  
Net assets, end of period (000 omitted) $385,224 
Portfolio turnover rateE 23%G,I 

 A For the period July 20, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H On certain classes, the size and fluctuation of net assets may cause expense amounts and ratios to differ from contractual rates.

 I The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom 2060 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.40 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .49 
Total from investment operations .51 
Distributions from net investment income – 
Distributions from net realized gain – 
Total distributions – 
Net asset value, end of period $11.91 
Total ReturnC,D 4.47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) .51%G 
Supplemental Data  
Net assets, end of period (000 omitted) $9,662 
Portfolio turnover rateE 23%G,H 

 A For the period June 7, 2017 (commencement of sale of shares) to September 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Amounts do not include the activity of the Underlying Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

Fidelity Freedom Income Fund, Fidelity Freedom 2005 Fund, Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund and Fidelity Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. Each Fund offers Fidelity Freedom, Class K and Class K6 shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund commenced sale of Class K and Class K6 shares on July 20, 2017 and June 7, 2017, respectively. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). During the period, one of the Underlying Funds changed its name from Fidelity Series Equity-Income Fund to Fidelity Series Value Discovery Fund.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for Fidelity Freedom 2010 Fund, Fidelity Freedom 2020 Fund and Fidelity Freedom 2030 Fund, independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds, deferred trustees compensation and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Income Fund $3,509,154,457 $315,867,892 $(27,546,433) $288,321,459 
Fidelity Freedom 2005 Fund 947,189,030 91,280,373 (12,123,688) 79,156,685 
Fidelity Freedom 2010 Fund 6,034,606,035 821,208,345 (63,827,843) 757,380,502 
Fidelity Freedom 2015 Fund 8,950,334,565 1,532,474,549 (69,250,186) 1,463,224,363 
Fidelity Freedom 2020 Fund 25,545,099,708 4,588,748,340 (227,529,915) 4,361,218,425 
Fidelity Freedom 2025 Fund 22,180,838,968 4,110,914,450 (152,955,721) 3,957,958,729 
Fidelity Freedom 2030 Fund 25,090,910,423 5,633,485,990 (134,258,695) 5,499,227,295 
Fidelity Freedom 2035 Fund 16,544,223,229 4,068,269,188 (70,907,665) 3,997,361,523 
Fidelity Freedom 2040 Fund 17,035,567,723 4,383,587,954 (73,577,248) 4,310,010,706 
Fidelity Freedom 2045 Fund 10,092,445,846 2,437,436,592 (39,002,254) 2,398,434,338 
Fidelity Freedom 2050 Fund 8,459,132,296 2,020,888,764 (29,706,551) 1,991,182,213 
Fidelity Freedom 2055 Fund 3,303,655,673 520,012,483 (12,668,332) 507,344,151 
Fidelity Freedom 2060 Fund 509,484,539 59,521,935 (1,058,365) 58,463,570 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares and in-kind transactions, other than securities acquired in the merger, are noted in the table below.

 Purchases ($) Redemptions ($) 
Fidelity Freedom Income Fund $213,195,953 $225,826,002 
Fidelity Freedom 2005 Fund 78,731,427 70,675,497 
Fidelity Freedom 2010 Fund 471,348,514 551,261,066 
Fidelity Freedom 2015 Fund 854,356,244 805,058,422 
Fidelity Freedom 2020 Fund 2,277,588,861 1,703,551,228 
Fidelity Freedom 2025 Fund 2,389,519,412 1,344,581,553 
Fidelity Freedom 2030 Fund 2,774,525,148 1,661,956,614 
Fidelity Freedom 2035 Fund 2,132,396,555 1,027,552,414 
Fidelity Freedom 2040 Fund 1,966,539,976 1,044,538,578 
Fidelity Freedom 2045 Fund 1,246,604,515 532,086,799 
Fidelity Freedom 2050 Fund 1,003,088,732 438,562,035 
Fidelity Freedom 2055 Fund 458,313,654 135,938,481 
Fidelity Freedom 2060 Fund 104,728,735 18,397,105 

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Effective June 1, 2017, under the management contract approved by the Board of Trustees (the Board) and shareholders, FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees.

For the period, June 1, 2017 (July 20, 2017 and June 7, 2017 for Class K and Class K6, respectively) through September 30, 2017, the total annual management fee rate for each Class of each Fund was as follows:

 Annual % of Class-Level Average Net Assets (Fidelity Freedom Class) Annual % of Class-Level Average Net Assets
(Classes K and K6) 
Fidelity Freedom Income Fund .465% .415% 
Fidelity Freedom 2005 Fund .491% .435% 
Fidelity Freedom 2010 Fund .533% .468% 
Fidelity Freedom 2015 Fund .576% .503% 
Fidelity Freedom 2020 Fund .618% .538% 
Fidelity Freedom 2025 Fund .661% .573% 
Fidelity Freedom 2030 Fund .703% .608% 
Fidelity Freedom 2035 Fund .746% .643% 
Fidelity Freedom 2040 Fund .746% .643% 
Fidelity Freedom 2045 Fund .746% .643% 
Fidelity Freedom 2050 Fund .746% .643% 
Fidelity Freedom 2055 Fund .746% .643% 
Fidelity Freedom 2060 Fund .746% .643% 

Effective June 7, 2017, under the expense contract approved by the Board, the investment adviser pays class-level expenses for Class K6 of each Fund as necessary so that Class K6 total expenses do not exceed certain amounts of Class K6 average net assets on an annual basis with certain exceptions, as noted in the following table:

 Annual % of Class-Level Average Net Assets
(Class K6) 
Fidelity Freedom Income Fund .365% 
Fidelity Freedom 2005 Fund .377% 
Fidelity Freedom 2010 Fund .396% 
Fidelity Freedom 2015 Fund .415% 
Fidelity Freedom 2020 Fund .435% 
Fidelity Freedom 2025 Fund .454% 
Fidelity Freedom 2030 Fund .474% 
Fidelity Freedom 2035 Fund .493% 
Fidelity Freedom 2040 Fund .493% 
Fidelity Freedom 2045 Fund .493% 
Fidelity Freedom 2050 Fund .493% 
Fidelity Freedom 2055 Fund .493% 
Fidelity Freedom 2060 Fund .493% 

In addition, the Board and shareholders of each Underlying Fund approved a new management contract, effective June 1, 2017. Under the management contract, each Underlying Fund no longer pays a management fee, and most of each Underlying Fund's ordinary operating expenses are borne by the investment adviser.

Prior to June 1, 2017, the investment adviser provided the Funds with investment management related services. The Funds did not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Series Value Discovery Fund, ("selected Underlying Fund") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Series Intrinsic Opportunities Fund and Fidelity Series Growth & Income Fund which are affiliated investment companies managed by FMR. Net realized gain (loss) on the redemptions of the selected Underlying Fund in connection with the reallocation is included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the net related gain (loss) for the Funds are presented in the accompanying table:

 Value of Investments and Cash reallocated Net realized Gain (Loss) on redemptions of selected Underlying Fund 
Fidelity Freedom Income $ 21,943,732 $ 5,248,386 
Fidelity Freedom 2005 9,132,913 818,016 
Fidelity Freedom 2010 82,938,352 17,423,248 
Fidelity Freedom 2015 132,300,852 26,218,924 
Fidelity Freedom 2020 349,185,809 55,046,914 
Fidelity Freedom 2025 312,149,126 36,476,750 
Fidelity Freedom 2030 443,448,822 45,658,987 
Fidelity Freedom 2035 315,567,651 25,385,650 
Fidelity Freedom 2040 341,654,429 31,022,107 
Fidelity Freedom 2045 165,214,747 12,941,012 
Fidelity Freedom 2050 136,449,649 10,462,773 
Fidelity Freedom 2055 44,625,815 2,684,111 
Fidelity Freedom 2060 6,196,209 137,579 

5. Expense Reductions.

Prior to June 1, 2017, FMR voluntarily agreed to reimburse each Fund's operating expenses. Some expenses, for example interest expense, were excluded from this reimbursement. Effective June 1, 2017, these voluntary reimbursements were discontinued.

The following classes of each applicable Fund were in reimbursement during the period:

Fidelity Freedom Income Fund $1,400 
Fidelity Freedom 2005 Fund 383 
Fidelity Freedom 2010 Fund 3,152 
Fidelity Freedom 2015 Fund 3,493 
Fidelity Freedom 2020 Fund 8,733 
Fidelity Freedom 2025 Fund 6,404 
Fidelity Freedom 2030 Fund 7,879 
Fidelity Freedom 2035 Fund 4,521 
Fidelity Freedom 2040 Fund 4,763 
Fidelity Freedom 2045 Fund 2,292 
Fidelity Freedom 2050 Fund 1,891 
Fidelity Freedom 2055 Fund 605 
Fidelity Freedom 2060 Fund 75 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund   
From net investment income   
Fidelity Freedom Income Fund $12,608,956 $37,016,596 
Class K 1,471 – 
Class K6 16,731 – 
Total $12,627,158 $37,016,596 
From net realized gain   
Fidelity Freedom Income Fund $14,993,579 $32,674,118 
Total $14,993,579 $ 32,674,118 
Fidelity Freedom 2005 Fund   
From net investment income   
Fidelity Freedom 2005 Fund $1,620,929 $10,200,069 
Total $1,620,929 $ 10,200,069 
From net realized gain   
Fidelity Freedom 2005 Fund $5,291,856 $7,369,706 
Total $5,291,856 $ 7,369,706 
Fidelity Freedom 2010 Fund   
From net investment income   
Fidelity Freedom 2010 Fund $11,553,873 $71,220,043 
Total $11,553,873 $ 71,220,043 
From net realized gain   
Fidelity Freedom 2010 Fund $49,891,727 $73,776,491 
Total $49,891,727 $ 73,776,491 
Fidelity Freedom 2015 Fund   
From net investment income   
Fidelity Freedom 2015 Fund $13,537,555 $89,847,108 
Total $13,537,555 $ 89,847,108 
From net realized gain   
Fidelity Freedom 2015 Fund $71,790,066 $104,826,159 
Total $71,790,066 $ 104,826,159 
Fidelity Freedom 2020 Fund   
From net investment income   
Fidelity Freedom 2020 Fund $28,799,746 $200,026,428 
Total $28,799,746 $200,026,428 
From net realized gain   
Fidelity Freedom 2020 Fund $168,906,642 $252,757,975 
Total $168,906,642 $ 252,757,975 
Fidelity Freedom 2025 Fund   
From net investment income   
Fidelity Freedom 2025 Fund $20,288,985 $147,758,780 
Total $20,288,985 $147,758,780 
From net realized gain   
Fidelity Freedom 2025 Fund $126,806,087 $204,066,897 
Total $126,806,087 $ 204,066,897 
Fidelity Freedom 2030 Fund   
From net investment income   
Fidelity Freedom 2030 Fund $14,875,007 $163,120,493 
Total $14,875,007 $ 163,120,493 
From net realized gain   
Fidelity Freedom 2030 Fund $177,823,710 $254,968,549 
Total $177,823,710 $ 254,968,549 
Fidelity Freedom 2035 Fund   
From net investment income   
Fidelity Freedom 2035 Fund $4,477,894 $88,507,344 
Total $4,477,894 $ 88,507,344 
From net realized gain   
Fidelity Freedom 2035 Fund $104,484,046 $162,354,536 
Total $104,484,046 $ 162,354,536 
Fidelity Freedom 2040 Fund   
From net investment income   
Fidelity Freedom 2040 Fund $3,727,463 $96,859,849 
Total $3,727,463 $96,859,849 
From net realized gain   
Fidelity Freedom 2040 Fund $114,805,801 $178,085,083 
Total $114,805,801 $ 178,085,083 
Fidelity Freedom 2045 Fund   
From net investment income   
Fidelity Freedom 2045 Fund $1,914,156 $45,424,022 
Total $1,914,156 $ 45,424,022 
From net realized gain   
Fidelity Freedom 2045 Fund $50,405,841 $83,790,283 
Total $50,405,841 $ 83,790,283 
Fidelity Freedom 2050 Fund   
From net investment income   
Fidelity Freedom 2050 Fund $1,573,575 $36,871,772 
Total $1,573,575 $ 36,871,772 
From net realized gain   
Fidelity Freedom 2050 Fund $40,897,550 $67,884,342 
Total $40,897,550 $ 67,884,342 
Fidelity Freedom 2055 Fund   
From net investment income   
Fidelity Freedom 2055 Fund $530,888 $11,091,790 
Total $530,888 $ 11,091,790 
From net realized gain   
Fidelity Freedom 2055 Fund $10,617,722 $15,197,673 
Total $10,617,722 $ 15,197,673 
Fidelity Freedom 2060 Fund   
From net investment income   
Fidelity Freedom 2060 Fund $57,327 $1,119,481 
Total $57,327 $ 1,119,481 
From net realized gain   
Fidelity Freedom 2060 Fund $1,284,107 $924,001 
Total $1,284,107 $ 924,001 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017(a) Year ended
March 31, 2017 
Six months ended
September 30, 2017(a) 
Year ended
March 31, 2017 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 11,865,158 27,891,079 $138,935,467 $318,995,628 
Reinvestment of distributions 2,328,579 6,036,813 27,038,983 68,285,524 
Shares redeemed (18,267,957) (43,107,568) (213,720,791) (492,617,047) 
Net increase (decrease) (4,074,220) (9,179,676) $(47,746,341) $(105,335,895) 
Class K     
Shares sold 5,399,525 $63,845,031 $- 
Issued in exchange for the shares of Fidelity Freedom K Income Fund 136,520,990  1,613,678,107  
Reinvestment of distributions 124 1,462 
Shares redeemed (2,698,054) (31,925,890) 
Net increase (decrease) 139,222,585 $1,645,598,710 $- 
Class K6     
Shares sold 673,305 $7,927,709 $- 
Reinvestment of distributions 1,420 16,731 
Shares redeemed (111,610) (1,321,236) 
Net increase (decrease) 563,115 $6,623,204 $- 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 3,171,508 8,370,565 $39,311,961 $99,885,293 
Reinvestment of distributions 559,542 1,487,696 6,848,797 17,425,187 
Shares redeemed (4,408,162) (11,808,557) (54,690,573) (141,074,680) 
Net increase (decrease) (677,112) (1,950,296) $(8,529,815) $(23,764,200) 
Class K     
Shares sold 1,838,065 $23,119,343 $- 
Issued in exchange for the shares of Fidelity Freedom K 2005 Fund 32,823,330 412,589,249 
Shares redeemed (744,609) (9,387,938) 
Net increase (decrease) 33,916,786 $426,320,654 $- 
Class K6     
Shares sold 199,610 $2,494,426 $- 
Shares redeemed (11,666) (146,611) 
Net increase (decrease) 187,944 $2,347,815 $- 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 10,940,205 29,730,777 $173,302,869 $450,240,426 
Reinvestment of distributions 3,880,855 9,654,368 60,541,342 142,971,004 
Shares redeemed (23,112,839) (63,066,784) (365,719,461) (954,373,734) 
Net increase (decrease) (8,291,779) (23,681,639) $(131,875,250) $(361,162,304) 
Class K     
Shares sold 5,535,906 $88,997,581 $- 
Issued in exchange for the shares of Fidelity Freedom K 2010 Fund 158,527,428  2,547,535,809  
Shares redeemed (2,696,038) (43,510,785) 
Net increase (decrease) 161,367,296 $2,593,022,605 $- 
Class K6     
Shares sold 869,976 $13,897,456 $- 
Shares redeemed (39,542) (636,879) 
Net increase (decrease) 830,434 $13,260,577 $- 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 35,171,234 86,891,690 $460,507,427 $1,077,815,896 
Reinvestment of distributions 6,567,635 15,956,683 84,525,456 192,945,931 
Shares redeemed (52,108,046) (132,326,360) (681,551,786) (1,637,477,620) 
Net increase (decrease) (10,369,177) (29,477,987) $(136,518,903) $(366,715,793) 
Class K     
Shares sold 19,084,988 $253,716,164 $- 
Issued in exchange for the shares of Fidelity Freedom K 2015 Fund 357,299,109  4,748,505,056  
Shares redeemed (8,225,915) (109,900,682) 
Net increase (decrease) 368,158,182 $4,892,320,538 $- 
Class K6     
Shares sold 3,733,869 $49,367,640 $- 
Shares redeemed (606,527) (8,028,911) 
Net increase (decrease) 3,127,342 $41,338,729 $- 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 72,329,584 159,336,775 $1,161,107,270 $2,409,581,355 
Reinvestment of distributions 12,408,959 30,520,001 195,813,364 448,509,541 
Shares redeemed (91,306,664) (209,463,411) (1,466,243,011) (3,158,599,236) 
Net increase (decrease) (6,568,121) (19,606,635) $(109,322,377) $(300,508,340) 
Class K     
Shares sold 46,814,954 $765,360,981 $- 
Issued in exchange for the shares of Fidelity Freedom K 2020 Fund 997,191,746  16,284,141,352  
Shares redeemed (16,770,810) (275,686,957) 
Net increase (decrease) 1,027,235,890 $16,773,815,376 $- 
Class K6     
Shares sold 9,313,811 $151,461,322 $- 
Shares redeemed (453,835) (7,351,710) 
Net increase (decrease) 8,859,976 $144,109,612 $- 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 72,880,365 161,205,087 $1,008,671,416 $2,085,995,325 
Reinvestment of distributions 10,738,033 27,865,215 146,037,168 349,406,296 
Shares redeemed (74,673,353) (163,515,141) (1,034,063,327) (2,107,812,160) 
Net increase (decrease) 8,945,045 25,555,161 $120,645,257 $327,589,461 
Class K     
Shares sold 57,633,659 $813,061,899 $- 
Issued in exchange for the shares of Fidelity Freedom K 2025 Fund 1,039,138,058  14,641,455,337  
Shares redeemed (16,783,958) (238,208,206) 
Net increase (decrease) 1,079,987,759 $15,216,309,030 $- 
Class K6     
Shares sold 20,536,369 $288,380,992 $- 
Shares redeemed (1,060,539) (14,874,120) 
Net increase (decrease) 19,475,830 $273,506,872 $- 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 57,960,612 123,540,563 $997,329,320 $1,957,712,162 
Reinvestment of distributions 11,324,574 27,198,687 191,158,810 414,813,441 
Shares redeemed (64,314,572) (142,359,984) (1,108,159,949) (2,244,048,246) 
Net increase (decrease) 4,970,614 8,379,266 $80,328,181 $128,477,357 
Class K     
Shares sold 44,280,210 $779,026,021 $- 
Issued in exchange for the shares of Fidelity Freedom K 2030 Fund 980,848,240  17,213,886,716  
Shares redeemed (13,208,718) (234,109,768) 
Net increase (decrease) 1,011,919,732 $17,758,802,969 $- 
Class K6     
Shares sold 22,664,641 $396,475,122 $- 
Shares redeemed (390,179) (6,829,742) 
Net increase (decrease) 22,274,462 $389,645,380 $- 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 53,960,721 107,335,106 $773,676,885 $1,399,007,407 
Reinvestment of distributions 7,707,044 19,960,664 108,361,033 249,452,344 
Shares redeemed (50,242,072) (109,251,957) (720,419,683) (1,416,735,577) 
Net increase (decrease) 11,425,693 18,043,813 $161,618,235 $231,724,174 
Class K     
Shares sold 45,464,097 $667,162,259 $- 
Issued in exchange for the shares of Fidelity Freedom K 2035 Fund 810,190,579  11,861,189,816  
Shares redeemed (11,986,842) (177,495,766) 
Net increase (decrease) 843,667,834 $12,350,856,309 $- 
Class K6     
Shares sold 24,573,312 $359,395,098 $- 
Shares redeemed (269,933) (3,971,355) 
Net increase (decrease) 24,303,379 $355,423,743 $- 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 64,602,548 140,785,303 $649,838,406 $1,286,757,447 
Reinvestment of distributions 11,920,030 31,075,048 117,531,506 272,618,946 
Shares redeemed (71,623,015) (155,935,498) (721,941,439) (1,418,860,060) 
Net increase (decrease) 4,899,563 15,924,853 $45,428,473 $140,516,333 
Class K     
Shares sold 63,797,242 $657,722,352 $- 
Issued in exchange for the shares of Fidelity Freedom K 2040 Fund 1,209,417,175 12,432,808,583  
Shares redeemed (15,781,331) (164,224,789) 
Net increase (decrease) 1,257,433,086 $12,926,306,146 $- 
Class K6     
Shares sold 28,132,546 $288,723,775 $- 
Shares redeemed (423,330) (4,345,556) 
Net increase (decrease) 27,709,216 $284,378,219 $- 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 41,090,957 88,251,156 $467,297,955 $911,294,661 
Reinvestment of distributions 4,656,358 12,918,827 51,918,394 128,307,737 
Shares redeemed (37,086,347) (77,904,384) (421,882,357) (800,946,564) 
Net increase (decrease) 8,660,968 23,265,599 $97,333,992 $238,655,834 
Class K     
Shares sold 42,260,753 $492,513,065 $- 
Issued in exchange for the shares of Fidelity Freedom K 2045 Fund 680,392,245  7,906,157,717  
Shares redeemed (9,076,154) (106,789,024) 
Net increase (decrease) 713,576,844 $8,291,881,758 $- 
Class K6     
Shares sold 13,954,184 $161,962,332 $- 
Shares redeemed (283,152) (3,285,910) 
Net increase (decrease) 13,671,032 $158,676,422 $- 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 36,717,117 78,016,417 $419,862,089 $809,711,740 
Reinvestment of distributions 3,742,099 10,380,386 41,948,867 103,566,059 
Shares redeemed (32,864,607) (65,322,506) (376,269,064) (675,747,669) 
Net increase (decrease) 7,594,609 23,074,297 $85,541,892 $237,530,130 
Class K     
Shares sold 33,641,299 $394,560,746 $- 
Issued in exchange for the shares of Fidelity Freedom K 2050 Fund 572,849,516  6,690,882,218  
Shares redeemed (8,072,189) (95,443,272) 
Net increase (decrease) 598,418,626 $6,989,999,692 $- 
Class K6     
Shares sold 10,312,301 $120,357,091 $- 
Shares redeemed (217,406) (2,543,094) 
Net increase (decrease) 10,094,895 $117,813,997 $- 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 17,985,895 35,961,184 $231,580,697 $417,830,315 
Reinvestment of distributions 868,710 2,322,949 10,963,123 25,903,357 
Shares redeemed (11,004,595) (22,547,740) (141,637,598) (261,603,767) 
Net increase (decrease) 7,850,010 15,736,393 $100,906,222 $182,129,905 
Class K     
Shares sold 13,692,184 $180,899,760 $- 
Issued in exchange for the shares of Fidelity Freedom K 2055 Fund 187,145,598  2,460,964,568  
Shares redeemed (2,727,175) (36,304,593) 
Net increase (decrease) 198,110,607 $2,605,559,735 $- 
Class K6     
Shares sold 3,946,449 $51,830,284 $- 
Shares redeemed (106,283) (1,399,007) 
Net increase (decrease) 3,840,166 $50,431,277 $- 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 5,677,772 8,574,369 $64,924,145 $88,938,893 
Reinvestment of distributions 116,343 198,281 1,304,209 1,984,387 
Shares redeemed (1,830,620) (3,035,221) (20,942,812) (31,516,894) 
Net increase (decrease) 3,963,495 5,737,429 $45,285,542 $59,406,386 
Class K     
Shares sold 2,846,451 $33,501,456 $- 
Issued in exchange for the shares of Fidelity Freedom K 2060 Fund 30,017,564  350,605,136  
Shares redeemed (515,362) (6,093,232) 
Net increase (decrease) 32,348,653 $378,013,360 $- 
Class K6     
Shares sold 839,499 $9,798,536 $- 
Shares redeemed (28,443) (333,676) 
Net increase (decrease) 811,056 $9,464,860 $- 

 (a) Amounts for Class K and Class K6 are for the period July 20, 2017 and June 7, 2017, respectively, (commencement of sale of shares) to September 30, 2017.


8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Freedom Income Fund Fidelity Freedom 2010 Fund Fidelity Freedom 2015 Fund Fidelity Freedom 2020 Fund Fidelity Freedom 2025 Fund Fidelity Freedom 2030 Fund Fidelity Freedom 2035 Fund Fidelity Freedom 2040 Fund 
Fidelity Series 100 Index Fund –% –% –% 11% 11% 16% 12% 13% 
Fidelity Series 1000 Value Index Fund –% –% –% 13% 12% 17% 14% 14% 
Fidelity Series All-Sector Equity Fund –% –% –% 12% 12% 16% 13% 13% 
Fidelity Series Blue Chip Growth Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Canada Fund –% –% –% 13% 12% 17% 11% 14% 
Fidelity Series Commodity Strategy Fund –% –% –% 15% 13% 16% 10% 11% 
Fidelity Series Emerging Markets Debt Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Emerging Markets Fund –% –% –% 13% 12% 16% 12% 13% 
Fidelity Series Floating Rate High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Government Money Market Fund –% 10% 11% 24% 16% –% –% –% 
Fidelity Series Growth & Income Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Growth Company Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series High Income Fund –% –% –% 16% 13% 15% 10% 11% 
Fidelity Series Inflation-Protected Bond Index Fund –% –% –% 14% –% 11% –% –% 
Fidelity Series International Credit Fund –% –% –% 18% 15% 15% –% –% 
Fidelity Series International Growth Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Small Cap Fund –% –% –% 12% 12% 17% 13% 13% 
Fidelity Series International Value Fund –% –% –% 13% 12% 16% 13% 13% 
Fidelity Series Intrinsic Opportunities Fund –% –% –% 14% 13% 18% 14% 15% 
Fidelity Series Investment Grade Bond Fund –% –% 11% 28% 21% 15% –% –% 
Fidelity Series Long-Term Treasury Bond Index Fund –% –% –% 16% 14% 17% 11% –% 
Fidelity Series Opportunistic Insights Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Real Estate Equity Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Real Estate Income Fund –% –% –% 16% 13% 16% 10% 11% 
Fidelity Series Short-Term Credit Fund 12% 12% 14% 29% 19% –% –% –% 
Fidelity Series Small Cap Discovery Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Small Cap Opportunities Fund –% –% –% 12% 12% 17% 13% 14% 
Fidelity Series Stock Selector Large Cap Value Fund –% –% –% 13% 13% 18% 14% 15% 
Fidelity Series Value Discovery Fund –% –% –% 13% 13% 18% 14% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Series 100 Index Fund 86% 
Fidelity Series 1000 Value Index Fund 95% 
Fidelity Series All-Sector Equity Fund 90% 
Fidelity Series Blue Chip Growth Fund 100% 
Fidelity Series Canada Fund 91% 
Fidelity Series Commodity Strategy Fund 91% 
Fidelity Series Emerging Markets Debt Fund 91% 
Fidelity Series Emerging Markets Fund 91% 
Fidelity Series Floating Rate High Income Fund 91% 
Fidelity Series Government Money Market Fund 82% 
Fidelity Series Growth & Income Fund 100% 
Fidelity Series Growth Company Fund 100% 
Fidelity Series High Income Fund 91% 
Fidelity Series Inflation-Protected Bond Index Fund 80% 
Fidelity Series International Credit Fund 91% 
Fidelity Series International Growth Fund 91% 
Fidelity Series International Small Cap Fund 91% 
Fidelity Series International Value Fund 91% 
Fidelity Series Intrinsic Opportunities Fund 100% 
Fidelity Series Investment Grade Bond Fund 91% 
Fidelity Series Long-Term Treasury Bond Index Fund 91% 
Fidelity Series Opportunistic Insights Fund 100% 
Fidelity Series Real Estate Equity Fund 91% 
Fidelity Series Real Estate Income Fund 91% 
Fidelity Series Short-Term Credit Fund 100% 
Fidelity Series Small Cap Discovery Fund 100% 
Fidelity Series Small Cap Opportunities Fund 90% 
Fidelity Series Stock Selector Large Cap Value Fund 100% 
Fidelity Series Value Discovery Fund 100% 

9. Merger Information.

On September 8, 2017, each Surviving Fund acquired all of the assets and assumed all of the liabilities of each Target Fund pursuant to each Agreement and Plan of Reorganization approved by the Board of Trustees ("The Board"). Each acquisition was accomplished by an exchange of Class K shares of each Surviving Fund for corresponding shares then outstanding of each Target Fund, at their respective net asset value on the acquisition date. In addition, the Board approved the creation of additional classes of shares that commenced sale of shares on July 20, 2017. The reorganization provided shareholders of each Target Fund access to a larger portfolio with a similar investment objective and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

Combined total net assets after the acquisition are as follows:

Target Funds Securities $ Unrealized appreciation (depreciation)$ Net Assets $ Surviving Funds Net assets $ Total net assets after the acquisition $ 
Fidelity Freedom K 2005 Fund 412,419,889 40,449,279 412,589,249 Fidelity Freedom 2005 Fund 610,614,214 1,023,203,463 
Fidelity Freedom K 2010 Fund 2,546,556,623 329,226,460 2,547,535,809 Fidelity Freedom 2010 Fund 4,238,458,400 6,785,994,209 
Fidelity Freedom K 2015 Fund 4,746,815,623 696,286,166 4,748,505,056 Fidelity Freedom 2015 Fund 5,645,731,933 10,394,236,989 
Fidelity Freedom K 2020 Fund 16,278,675,415 2,424,773,804 16,284,141,352 Fidelity Freedom 2020 Fund 13,414,449,646 29,698,590,998 
Fidelity Freedom K 2025 Fund 14,636,906,056 2,237,270,202 14,641,455,337 Fidelity Freedom 2025 Fund 11,194,758,422 25,836,213,759 
Fidelity Freedom K 2030 Fund 17,209,401,290 3,150,938,702 17,213,886,716 Fidelity Freedom 2030 Fund 12,912,345,253 30,126,231,969 
Fidelity Freedom K 2035 Fund 11,858,805,237 2,326,083,837 11,861,189,816 Fidelity Freedom 2035 Fund 8,269,361,979 20,130,551,795 
Fidelity Freedom K 2040 Fund 12,430,342,176 2,512,607,175 12,432,808,583 Fidelity Freedom 2040 Fund 8,489,396,048 20,922,204,631 
Fidelity Freedom K 2045 Fund 7,904,615,516 1,469,965,780 7,906,157,717 Fidelity Freedom 2045 Fund 4,301,147,363 12,207,305,080 
Fidelity Freedom K 2050 Fund 6,689,588,035 1,219,930,995 6,690,882,218 Fidelity Freedom 2050 Fund 3,509,123,170 10,200,005,388 
Fidelity Freedom K 2055 Fund 2,460,473,831 326,647,894 2,460,964,568 Fidelity Freedom 2055 Fund 1,221,516,226 3,682,480,794 
Fidelity Freedom K 2060 Fund 350,535,702 37,076,005 350,605,136 Fidelity Freedom 2060 Fund 184,982,168 535,587,304 
Fidelity Freedom K Income Fund 1,612,974,652 111,654,038 1,613,678,107 Fidelity Freedom Income Fund 2,180,776,091 3,794,454,198 

Pro forma results of operations of the combined entity for the entire period ended September 30, 2017, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:

Surviving Funds Net investment income (loss) $ Total net realized gain (loss) $ Total change in net unrealized appreciation (depreciation)$ Net increase (decrease) in net assets resulting from operations $ 
Fidelity Freedom 2005 Fund 5,353,527 14,711,664 26,248,239 46,313,430 
Fidelity Freedom 2010 Fund 32,859,458 154,454,859 175,971,594 363,285,911 
Fidelity Freedom 2015 Fund 44,248,033 273,459,392 313,836,336 631,543,761 
Fidelity Freedom 2020 Fund 112,466,405 657,988,197 1,159,430,903 1,929,885,505 
Fidelity Freedom 2025 Fund 79,970,323 497,770,499 1,188,538,128 1,766,278,950 
Fidelity Freedom 2030 Fund 62,137,483 681,469,895 1,628,581,595 2,372,188,973 
Fidelity Freedom 2035 Fund 18,028,787 444,589,484 1,261,734,915 1,724,353,186 
Fidelity Freedom 2040 Fund 17,016,387 479,188,132 1,322,596,465 1,818,800,984 
Fidelity Freedom 2045 Fund 10,028,180 240,341,634 800,066,479 1,050,436,293 
Fidelity Freedom 2050 Fund 8,440,866 201,234,537 676,620,622 886,296,025 
Fidelity Freedom 2055 Fund 2,879,332 50,646,769 247,646,407 301,172,508 
Fidelity Freedom 2060 Fund 376,623 6,300,604 34,223,936 40,901,163 
Fidelity Freedom Income Fund 23,043,909 47,888,756 69,055,343 139,988,008 

Because each combined investment portfolio have been managed as a single portfolio since each acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of each Target Fund that have been included in the Surviving Fund's accompanying Statement of Operations since September 8, 2017.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017)for Fidelity Freedom and for the period (July 20, 2017 to September 30, 2017) for Class K and for the period (June 7, 2017 to September 30, 2017) for Class K6. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period
 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .31%    
Actual  $1,000.00 $1,037.60 $1.58-B,C 
Hypothetical-D  $1,000.00 $1,023.51 $1.57-C,E 
Class K .46%    
Actual  $1,000.00 $1,009.30 $.92-B 
Hypothetical-D  $1,000.00 $1,022.76 $2.33-E 
Class K6 .37%    
Actual  $1,000.00 $1,016.90 $1.19-B 
Hypothetical-D  $1,000.00 $1,023.21 $1.88-E 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .33%    
Actual  $1,000.00 $1,046.70 $1.69-B,C 
Hypothetical-D  $1,000.00 $1,023.41 $1.67-C,E 
Class K .45%    
Actual  $1,000.00 $1,011.20 $.91-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Class K6 .38%    
Actual  $1,000.00 $1,021.80 $1.22-B 
Hypothetical-D  $1,000.00 $1,023.16 $1.93-E 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .36%    
Actual  $1,000.00 $1,054.80 $1.85-B,C 
Hypothetical-D  $1,000.00 $1,023.26 $1.83-C,E 
Class K .49%    
Actual  $1,000.00 $1,013.20 $.99-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Class K6 .39%    
Actual  $1,000.00 $1,026.00 $1.26-B 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-E 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .39%    
Actual  $1,000.00 $1,062.90 $2.02-B,C 
Hypothetical-D  $1,000.00 $1,023.11 $1.98-C,E 
Class K .53%    
Actual  $1,000.00 $1,015.10 $1.07-B 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-E 
Class K6 .41%    
Actual  $1,000.00 $1,029.20 $1.32-B 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-E 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .41%    
Actual  $1,000.00 $1,067.90 $2.13-B,C 
Hypothetical-D  $1,000.00 $1,023.01 $2.08-C,E 
Class K .56%    
Actual  $1,000.00 $1,016.00 $1.13-B 
Hypothetical-D  $1,000.00 $1,022.26 $2.84-E 
Class K6 .43%    
Actual  $1,000.00 $1,031.90 $1.39-B 
Hypothetical-D  $1,000.00 $1,022.91 $2.18-E 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .45%    
Actual  $1,000.00 $1,072.10 $2.34-B,C 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-C,E 
Class K .60%    
Actual  $1,000.00 $1,017.10 $1.21-B 
Hypothetical-D  $1,000.00 $1,022.06 $3.04-E 
Class K6 .45%    
Actual  $1,000.00 $1,034.80 $1.46-B 
Hypothetical-D  $1,000.00 $1,022.81 $2.28-E 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .47%    
Actual  $1,000.00 $1,083.80 $2.46-B,C 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-C,E 
Class K .63%    
Actual  $1,000.00 $1,020.60 $1.27-B 
Hypothetical-D  $1,000.00 $1,021.91 $3.19-E 
Class K6 .47%    
Actual  $1,000.00 $1,040.20 $1.52-B 
Hypothetical-D  $1,000.00 $1,022.71 $2.38-E 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .50%    
Actual  $1,000.00 $1,091.70 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,021.90 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.10 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .50%    
Actual  $1,000.00 $1,093.30 $2.62-B,C 
Hypothetical-D  $1,000.00 $1,022.56 $2.54-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.90 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .51%    
Actual  $1,000.00 $1,092.20 $2.67-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.40 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.00 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .51%    
Actual  $1,000.00 $1,093.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .51%    
Actual  $1,000.00 $1,092.40 $2.68-B,C 
Hypothetical-D  $1,000.00 $1,022.51 $2.59-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.90 $1.36-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,045.20 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .53%    
Actual  $1,000.00 $1,093.00 $2.78-B,C 
Hypothetical-D  $1,000.00 $1,022.41 $2.69-C,E 
Class K .67%    
Actual  $1,000.00 $1,022.30 $1.35-B 
Hypothetical-D  $1,000.00 $1,021.71 $3.40-E 
Class K6 .49%    
Actual  $1,000.00 $1,044.70 $1.59-B 
Hypothetical-D  $1,000.00 $1,022.61 $2.48-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period) for Fidelity Freedom and multiplied by 73/ 365 (to reflect the period July 20, 2017 to September 30, 2017) for Class K and multiplied by 116/365(to reflect the period June 7, 2017 to September 30, 2017) for Class K6.

 C If fees and changes to the class level expense contract and/or expense cap, effective June 1, 2017, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in the table below.

 D 5% return per year before expenses

 E Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Fund's annualized expense ratio.


 Annualized Expense Ratio-(a)
 
Expenses Paid
 
Fidelity Freedom Income Fund   
Fidelity Freedom Income Fund .47%  
Actual  $2.40 
Hypothetical-(b)  $2.38 
Fidelity Freedom 2005 Fund   
Fidelity Freedom 2005 Fund .49%  
Actual  $2.51 
Hypothetical-(b)  $2.48 
Fidelity Freedom 2010 Fund   
Fidelity Freedom 2010 Fund .53%  
Actual  $2.73 
Hypothetical-(b)  $2.69 
Fidelity Freedom 2015 Fund   
Fidelity Freedom 2015 Fund .58%  
Actual  $3.00 
Hypothetical-(b)  $2.94 
Fidelity Freedom 2020 Fund   
Fidelity Freedom 2020 Fund .62%  
Actual  $3.21 
Hypothetical-(b)  $3.14 
Fidelity Freedom 2025 Fund   
Fidelity Freedom 2025 Fund .66%  
Actual  $3.43 
Hypothetical-(b)  $3.35 
Fidelity Freedom 2030 Fund   
Fidelity Freedom 2030 Fund .70%  
Actual  $3.65 
Hypothetical-(b)  $3.55 
Fidelity Freedom 2035 Fund   
Fidelity Freedom 2035 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2040 Fund   
Fidelity Freedom 2040 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2045 Fund   
Fidelity Freedom 2045 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2050 Fund   
Fidelity Freedom 2050 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2055 Fund   
Fidelity Freedom 2055 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 
Fidelity Freedom 2060 Fund   
Fidelity Freedom 2060 Fund .75%  
Actual  $3.93 
Hypothetical-(b)  $3.80 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and would be realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that the Advisory Contract currently in place for each Freedom fund had become effective on June 1, 2017 after receiving shareholder approval and had implemented a new fee structure whereby each Freedom fund pays an all-inclusive management fee that varies by class and the underlying Fidelity funds in which the Freedom fund invests no longer pay expenses, with certain limited exceptions.

In considering whether to renew the Advisory Contract and administration agreement for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Freedom 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 2017, after receiving shareholder approval. The Board noted that the new pricing structure will reduce the overall expenses that shareholders pay and provide for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when the fund did not pay a top-level management fee.

The Board instead compared each fund's current class-level management fee rate (calculated using Schedule A of the Advisory Contract with 2017 as a base year to derive the "Years to Retirement") relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that each fund's current class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2016. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of each fund's total expense ratio, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the current total expense ratio of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2016. Each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the current total expense ratio of each fund (except Freedom 2020 Fund) (including expenses of the underlying funds in which each fund invests) ranks below the median total expenses for competitor funds based on the competitive data for 2016 and the current total expense ratio for Freedom 2020 Fund (including expenses of the underlying funds in which the fund invests) ranks above the median. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that Freedom 2020 Fund's current total expense ratio is above the competitive median because a number of competitor target date funds that Lipper previously categorized as passive were moved to the active target date mapped group in 2016, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest in passive products, Freedom 2020 Fund's current total expense ratio (had it been in effect for 2016) ranks equal to the competitive median.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that, although Freedom 2020 Fund was above the median of the universe presented for comparison, each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

Because the funds only recently began paying management fees, the Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund prior to the change in fee arrangements were not a material factor in its approval of the continuance of each fund's current Advisory Contract. In connection with its future renewal of each fund's Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that due to each fund's current contractual arrangements its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.

Proxy Voting Results

A special meeting of shareholders was held on December 22, 2016. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.

PROPOSAL 1

To elect a Board of Trustees.

 # of
Votes 
% of
Votes 
Elizabeth S. Acton   
Affirmative 67,962,879,437.90 95.738 
Withheld 3,026,199,416.67  4.262 
TOTAL 70,989,078,854.57 100.000 
John Engler   
Affirmative 67,621,098,922.89 95.256 
Withheld 3,367,979,931.68 4.744 
TOTAL 70,989,078,854.57 100.000 
Albert R. Gamper, Jr.   
Affirmative 67,692,979,200.48  95.357 
Withheld 3,296,099,654.09 4.643 
TOTAL 70,989,078,854.57 100.000 
Robert F. Gartland   
Affirmative 67,834,076,287.79  95.556 
Withheld 3,155,002,566.78 4.444 
TOTAL 70,989,078,854.57 100.000 
Abigail P. Johnson   
Affirmative 67,845,327,470.44 95.572 
Withheld 3,143,751,384.13  4.428 
TOTAL 70,989,078,854.57 100.000 
Arthur E. Johnson   
Affirmative 67,698,760,709.29 95.366 
Withheld 3,290,318,145.28  4.634 
TOTAL 70,989,078,854.57 100.000 
Michael E. Kenneally   
Affirmative 67,851,407,081.44 95.581 
Withheld 3,137,671,773.13 4.419 
TOTAL 70,989,078,854.57 100.000 
James H. Keyes   
Affirmative 67,741,432,698.10 95.426 
Withheld 3,247,646,156.47  4.574 
TOTAL 70,989,078,854.57 100.000 
Marie L. Knowles   
Affirmative 67,825,908,094.48 95.545 
Withheld 3,163,170,760.09 4.455 
TOTAL 70,989,078,854.57 100.000 
Jennifer Toolin McAuliffe   
Affirmative 67,916,195,545.89 95.672 
Withheld 3,072,883,308.68 4.328 
TOTAL 70,989,078,854.57 100.000 
Mark A. Murray   
Affirmative 67,892,016,830.18  95.638 
Withheld 3,097,062,024.39  4.362 
TOTAL 70,989,078,854.57 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® Income Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,725,808.91 85.452 
Against 57,209,301.81 3.710 
Abstain 139,752,421.36 9.063 
Broker Non - Votes 27,380,033.54 1.775 
TOTAL 1,542,067,565.62 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2005 Fund and FMR Co., Inc. (FMRC).

   
 # of
Votes 
% of
Votes 
Affirmative 388,274,134.37 87.344 
Against 13,463,802.33 3.029 
Abstain 37,902,359.85 8.526 
Broker Non - Votes 4,897,062.03 1.101 
TOTAL 444,537,358.58 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2010 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,894,055,622.85 87.706 
Against 104,012,980.85 3.152 
Abstain 245,808,272.57 7.449 
Broker Non - Votes 55,875,837.65 1.693 
TOTAL 3,299,752,713.92 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2015 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,113,584,816.65 87.813 
Against 119,264,314.90 3.363 
Abstain 263,279,480.29 7.425 
Broker Non - Votes 49,610,493.35 1.399 
TOTAL 3,545,739,105.19 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2020 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 6,025,459,912.49 86.695 
Against 267,999,712.00 3.857 
Abstain 516,809,630.88 7.435 
Broker Non - Votes 139,922,497.86 2.013 
TOTAL 6,950,191,753.23 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2025 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 4,230,187,161.45 87.910 
Against 160,635,672.08 3.339 
Abstain 324,990,750.24 6.753 
Broker Non - Votes 96,181,985.59 1.998 
TOTAL 4,811,995,569.36 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2030 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 5,129,410,373.39 87.329 
Against 265,860,179.11 4.527 
Abstain 352,198,671.47 5.996 
Broker Non - Votes 126,211,770.57 2.148 
TOTAL 5,873,680,994.54 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2035 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 2,847,204,408.78 87.443 
Against 177,346,742.35 5.447 
Abstain 176,248,564.92 5.412 
Broker Non - Votes 55,292,814.44 1.698 
TOTAL 3,256,092,530.49 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2040 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 3,150,340,778.51 85.921 
Against 192,086,025.33 5.239 
Abstain 232,983,406.13 6.354 
Broker Non - Votes 91,156,325.31 2.486 
TOTAL 3,666,566,535.28 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2045 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,317,538,632.19 81.312 
Against 120,626,001.56 7.444 
Abstain 151,330,394.95 9.339 
Broker Non - Votes 30,868,166.30 1.905 
TOTAL 1,620,363,195.00 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2050 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 1,101,712,738.67 83.074 
Against 61,795,036.11 4.660 
Abstain 128,516,950.87 9.690 
Broker Non - Votes 34,162,694.66 2.576 
TOTAL 1,326,187,420.31 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2055 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 317,070,106.59 81.637 
Against 13,109,509.54 3.376 
Abstain 46,988,431.20 12.098 
Broker Non - Votes 11,222,182.33 2.889 
TOTAL 388,390,229.66 100.000 

PROPOSAL 2

To approve an amended and restated management contract between Fidelity Freedom® 2060 Fund and FMR Co., Inc. (FMRC).

 # of
Votes 
% of
Votes 
Affirmative 28,199,563.81 79.727 
Against 2,245,306.30 6.349 
Abstain 2,904,387.30 8.211 
Broker Non - Votes 2,020,954.26 5.713 
TOTAL 35,370,211.67 100.000 
 
Proposal 1 reflects trust-wide proposal and voting results. 
The special meeting of shareholders of Fidelity® Freedom 2045 Fund and Fidelity® Freedom 2050 Fund reconvened on January 27, 2017 with respect to proposal 2.

The special meeting of shareholders of Fidelity® Freedom 2055 Fund and Fidelity® Freedom 2060 Fund reconvened on April 19, 2017 with respect to proposal 2. 
 
 
 
 
 





Fidelity Investments

FF-SANN-1117
1.537284.120




Fidelity Freedom® Index Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060
Investor Class and Institutional Premium Class



Semi-Annual Report

September 30, 2017




Fidelity Investments


Contents

Fidelity Freedom® Index Income Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2005 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2010 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2015 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2020 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2025 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2030 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2035 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2040 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2045 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2050 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2055 Fund

Investment Summary

Investments

Financial Statements

Fidelity Freedom® Index 2060 Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

You may also call 1-800-835-5092 (plan accounts and Institutional Premium Class) or 1-800-544-8544 (all other accounts) to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Index Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity U.S. Bond Index Fund Class F 40.1 40.1 
Fidelity Series Government Money Market Fund 1.09% 30.0 30.0 
Fidelity Total Market Index Fund Class F 15.7 15.7 
Fidelity Series Global ex U.S. Index Fund 7.2 7.2 
Fidelity Series Inflation-Protected Bond Index Fund 5.9 6.0 
Fidelity Commodity Strategy Fund Class F 1.1 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.0 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.7% 
   Commodity Funds 1.1% 
   International Equity Funds 7.2% 
   Bond Funds 40.1% 
   Inflation-Protected Bond Funds 5.9% 
   Short-Term Funds 30.0% 


Six months ago 
   Domestic Equity Funds 15.7% 
   Commodity Funds 1.0% 
   International Equity Funds 7.2% 
   Bond Funds 40.1% 
   Inflation-Protected Bond Funds 6.0% 
   Short-Term Funds 30.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index Income Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 15.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $23,372,896) 592,799 43,404,718 
Commodity Funds - 1.1%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $2,879,793) 288,025 2,920,573 
International Equity Funds - 7.2%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $15,976,109) 1,536,289 19,910,308 
Bond Funds - 40.1%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $109,613,889) 9,498,715 110,470,055 
Inflation-Protected Bond Funds - 5.9%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $17,272,273) 1,658,178 16,399,383 
Short-Term Funds - 30.0%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $82,558,671) 82,558,671 82,558,671 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $251,673,631)  275,663,708 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (22,995) 
NET ASSETS - 100%  $275,640,713 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $2,988,830 $108,749 $2,869 $(288) $40,780 $2,920,573 
Fidelity Series Commodity Strategy Fund Class F 2,752,283 95,290 2,781,136 -- (1,009,564) 943,127 -- 
Fidelity Series Global ex U.S. Index Fund 19,106,776 1,548,985 2,986,751 -- 33,206 2,208,092 19,910,308 
Fidelity Series Government Money Market Fund 1.09% -- 2,269,500 787,366 145,710 -- -- 82,558,671 
Fidelity Series Government Money Market Fund Class F 1.04% 79,187,366 6,233,712 4,344,541 211,595 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 375,860 157,749 4,550 564 (872,890) 16,399,383 
Fidelity Series Inflation-Protected Bond Index Fund Class F 15,819,860 1,213,216 877,458 6,629 658 897,322 -- 
Fidelity Total Market Index Fund Class F 41,423,197 3,573,282 4,559,075 115,941 28,197 2,939,117 43,404,718 
Fidelity U.S. Bond Index Fund Class F 106,135,888 10,987,192 7,650,179 1,317,416 43,812 953,342 110,470,055 
Total $264,425,370 $29,285,867 $24,253,004 $1,804,710 $(903,415) $7,108,890 $275,663,708 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $251,673,631) — See accompanying schedule  $275,663,708 
Cash  
Receivable for investments sold  818,136 
Receivable for fund shares sold  148,385 
Receivable from affiliate for expense reductions  5,237 
Total assets  276,635,468 
Liabilities   
Payable for investments purchased $888,683  
Payable for fund shares redeemed 78,101  
Transfer agent fees payable 27,971  
Total liabilities  994,755 
Net Assets  $275,640,713 
Net Assets consist of:   
Paid in capital  $253,225,957 
Undistributed net investment income  299,781 
Accumulated undistributed net realized gain (loss) on investments  (1,875,102) 
Net unrealized appreciation (depreciation) on investments  23,990,077 
Net Assets  $275,640,713 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($123,257,813 ÷ 10,376,993 shares)  $11.88 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($152,382,900 ÷ 12,843,758 shares)  $11.86 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,804,710 
Expenses   
Transfer agent fees $163,587  
Independent trustees' fees and expenses 480  
Total expenses before reductions 164,067  
Expense reductions (50,545) 113,522 
Net investment income (loss)  1,691,188 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (903,415)  
Capital gain distributions from underlying funds 66,082  
Total net realized gain (loss)  (837,333) 
Change in net unrealized appreciation (depreciation) on underlying funds  7,108,890 
Net gain (loss)  6,271,557 
Net increase (decrease) in net assets resulting from operations  $7,962,745 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,691,188 $3,938,452 
Net realized gain (loss) (837,333) 895,418 
Change in net unrealized appreciation (depreciation) 7,108,890 5,298,757 
Net increase (decrease) in net assets resulting from operations 7,962,745 10,132,627 
Distributions to shareholders from net investment income (1,695,123) (3,908,761) 
Distributions to shareholders from net realized gain (582,378) (290,658) 
Total distributions (2,277,501) (4,199,419) 
Share transactions - net increase (decrease) 5,541,948 9,134,533 
Total increase (decrease) in net assets 11,227,192 15,067,741 
Net Assets   
Beginning of period 264,413,521 249,345,780 
End of period $275,640,713 $264,413,521 
Other Information   
Undistributed net investment income end of period $299,781 $303,716 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index Income Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $11.63 $11.36 $11.52 $11.32 $11.13 $10.89 
Income from Investment Operations       
Net investment income (loss)A .07 .17 .16 .17 .13 .12 
Net realized and unrealized gain (loss) .28 .28 (.15) .26 .20 .29 
Total from investment operations .35 .45 .01 .43 .33 .41 
Distributions from net investment income (.07) (.17) (.16) (.16) (.12) (.11) 
Distributions from net realized gain (.03) (.01) (.01) (.07) (.02) (.05) 
Total distributions (.10) (.18) (.17) (.23) (.14) (.17)B 
Net asset value, end of period $11.88 $11.63 $11.36 $11.52 $11.32 $11.13 
Total ReturnC,D 3.03% 4.02% .10% 3.83% 2.98% 3.75% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .15%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11%G .08% .07% .08% .08% .10% 
Expenses net of all reductions .11%G .08% .07% .08% .08% .10% 
Net investment income (loss) 1.24%G 1.48% 1.39% 1.49% 1.20% 1.06% 
Supplemental Data       
Net assets, end of period (000 omitted) $123,258 $118,421 $140,481 $244,260 $164,926 $132,753 
Portfolio turnover rateF 18%G 52% 22% 20%H 43% 19% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.17 per share is comprised of distributions from net investment income of $.112 and distributions from net realized gain of $.053 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 F Amount does not include the portfolio activity of any Underlying Funds.

 G Annualized

 H The portfolio turnover rate does not include the assets acquired in the merger.


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index Income Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.61 $11.35 $11.48 
Income from Investment Operations    
Net investment income (loss)B .08 .18 .18 
Net realized and unrealized gain (loss) .27 .27 (.15) 
Total from investment operations .35 .45 .03 
Distributions from net investment income (.08) (.18) (.15) 
Distributions from net realized gain (.03) (.01) (.01) 
Total distributions (.10)C (.19) (.16) 
Net asset value, end of period $11.86 $11.61 $11.35 
Total ReturnD,E 3.05% 4.00% .26% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .06%H .03% .01%H 
Expenses net of all reductions .06%H .03% .01%H 
Net investment income (loss) 1.29%H 1.54% 2.12%H 
Supplemental Data    
Net assets, end of period (000 omitted) $152,383 $145,993 $108,865 
Portfolio turnover rateG 18%H 52% 22% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.10 per share is comprised of distributions from net investment income of $.076 and distributions from net realized gain of $.026 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity U.S. Bond Index Fund Class F 37.5 37.3 
Fidelity Series Government Money Market Fund 1.09% 23.5 23.0 
Fidelity Total Market Index Fund Class F 22.7 23.3 
Fidelity Series Global ex U.S. Index Fund 10.2 10.5 
Fidelity Series Inflation-Protected Bond Index Fund 5.0 4.9 
Fidelity Commodity Strategy Fund Class F 1.1 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.0 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 22.7% 
   Commodity Funds 1.1% 
   International Equity Funds 10.2% 
   Bond Funds 37.5% 
   Inflation-Protected Bond Funds 5.0% 
   Short-Term Funds 23.5% 


Six months ago 
   Domestic Equity Funds 23.3% 
   Commodity Funds 1.0% 
   International Equity Funds 10.5% 
   Bond Funds 37.3% 
   Inflation-Protected Bond Funds 4.9% 
   Short-Term Funds 23.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2005 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 22.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $12,016,086) 306,480 22,440,473 
Commodity Funds - 1.1%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $1,026,321) 102,696 1,041,334 
International Equity Funds - 10.2%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $8,259,800) 778,318 10,087,000 
Bond Funds - 37.5%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $36,813,096) 3,187,292 37,068,205 
Inflation-Protected Bond Funds - 5.0%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $5,123,196) 497,656 4,921,817 
Short-Term Funds - 23.5%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $23,214,666) 23,214,666 23,214,666 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $86,453,165)  98,773,495 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (8,032) 
NET ASSETS - 100%  $98,765,463 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $1,079,315 $52,938 $1,029 $(55) $15,012 $1,041,334 
Fidelity Series Commodity Strategy Fund Class F 929,033 79,554 985,794 -- (300,444) 277,651 -- 
Fidelity Series Global ex U.S. Index Fund 9,513,421 1,320,439 1,892,082 -- 42,403 1,102,819 10,087,000 
Fidelity Series Government Money Market Fund 1.09% -- 789,976 468,159 40,870 -- -- 23,214,666 
Fidelity Series Government Money Market Fund Class F 1.04% 20,830,178 3,381,867 1,319,196 58,091 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 148,657 100,236 1,358 355 (201,379) 4,921,817 
Fidelity Series Inflation-Protected Bond Index Fund Class F 4,461,766 686,766 282,937 1,954 777 208,048 -- 
Fidelity Total Market Index Fund Class F 21,145,117 2,954,329 3,207,670 60,668 51,159 1,497,538 22,440,473 
Fidelity U.S. Bond Index Fund Class F 33,885,024 6,050,182 3,196,289 437,832 15,591 313,697 37,068,205 
Total $90,764,539 $16,491,085 $11,505,301 $601,802 $(190,214) $3,213,386 $98,773,495 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $86,453,165) — See accompanying schedule  $98,773,495 
Cash  
Receivable for investments sold  594,899 
Receivable for fund shares sold  42,297 
Receivable from affiliate for expense reductions  2,055 
Total assets  99,412,748 
Liabilities   
Payable for investments purchased $617,629  
Payable for fund shares redeemed 19,459  
Transfer agent fees payable 10,197  
Total liabilities  647,285 
Net Assets  $98,765,463 
Net Assets consist of:   
Paid in capital  $86,528,367 
Undistributed net investment income  559,970 
Accumulated undistributed net realized gain (loss) on investments  (643,204) 
Net unrealized appreciation (depreciation) on investments  12,320,330 
Net Assets  $98,765,463 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($48,164,924 ÷ 3,604,590 shares)  $13.36 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($50,600,539 ÷ 3,786,508 shares)  $13.36 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $601,802 
Expenses   
Transfer agent fees $59,110  
Independent trustees' fees and expenses 171  
Total expenses before reductions 59,281  
Expense reductions (17,381) 41,900 
Net investment income (loss)  559,902 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (190,214)  
Capital gain distributions from underlying funds 33,870  
Total net realized gain (loss)  (156,344) 
Change in net unrealized appreciation (depreciation) on underlying funds  3,213,386 
Net gain (loss)  3,057,042 
Net increase (decrease) in net assets resulting from operations  $3,616,944 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $559,902 $1,415,757 
Net realized gain (loss) (156,344) 400,476 
Change in net unrealized appreciation (depreciation) 3,213,386 3,132,121 
Net increase (decrease) in net assets resulting from operations 3,616,944 4,948,354 
Distributions to shareholders from net investment income (219,392) (1,380,616) 
Distributions to shareholders from net realized gain (339,402) (217,176) 
Total distributions (558,794) (1,597,792) 
Share transactions - net increase (decrease) 4,947,590 7,709,308 
Total increase (decrease) in net assets 8,005,740 11,059,870 
Net Assets   
Beginning of period 90,759,723 79,699,853 
End of period $98,765,463 $90,759,723 
Other Information   
Undistributed net investment income end of period $559,970 $219,460 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2005 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $12.94 $12.45 $12.71 $12.50 $11.91 $11.50 
Income from Investment Operations       
Net investment income (loss)A .08 .20 .20 .21 .16 .14 
Net realized and unrealized gain (loss) .42 .52 (.25) .39 .46 .45 
Total from investment operations .50 .72 (.05) .60 .62 .59 
Distributions from net investment income (.03) (.20) (.20) (.33) (.01) (.14) 
Distributions from net realized gain (.05) (.03) B (.06) (.02) (.04) 
Total distributions (.08) (.23) (.21)C (.39) (.03) (.18) 
Net asset value, end of period $13.36 $12.94 $12.45 $12.71 $12.50 $11.91 
Total ReturnD,E 3.87% 5.84% (.40)% 4.87% 5.25% 5.17% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11%H .09% .07% .08% .08% .09% 
Expenses net of all reductions .11%H .09% .07% .08% .08% .09% 
Net investment income (loss) 1.15%H 1.60% 1.58% 1.65% 1.29% 1.22% 
Supplemental Data       
Net assets, end of period (000 omitted) $48,165 $43,767 $50,790 $74,516 $66,401 $62,983 
Portfolio turnover rateG 24%H 52% 28% 22% 49% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.21 per share is comprised of distributions from net investment income of $.203 and distributions from net realized gain of $.004 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2005 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.94 $12.45 $12.73 
Income from Investment Operations    
Net investment income (loss)B .08 .21 .21 
Net realized and unrealized gain (loss) .42 .52 (.30) 
Total from investment operations .50 .73 (.09) 
Distributions from net investment income (.03) (.21) (.18) 
Distributions from net realized gain (.05) (.03) C 
Total distributions (.08) (.24) (.19)D 
Net asset value, end of period $13.36 $12.94 $12.45 
Total ReturnE,F 3.88% 5.90% (.73)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .10%I .09% .05%I 
Expenses net of fee waivers, if any .06%I .03% .01%I 
Expenses net of all reductions .06%I .03% .01%I 
Net investment income (loss) 1.20%I 1.66% 2.28%I 
Supplemental Data    
Net assets, end of period (000 omitted) $50,601 $46,992 $28,910 
Portfolio turnover rateH 24%I 52% 28% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.19 per share is comprised of distributions from net investment income of $.181 and distributions from net realized gain of $.004 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity U.S. Bond Index Fund Class F 34.9 34.7 
Fidelity Total Market Index Fund Class F 28.8 29.4 
Fidelity Series Government Money Market Fund 1.09% 18.2 17.6 
Fidelity Series Global ex U.S. Index Fund 12.8 13.1 
Fidelity Series Inflation-Protected Bond Index Fund 4.2 4.1 
Fidelity Commodity Strategy Fund Class F 1.1 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.1 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.8% 
   Commodity Funds 1.1% 
   International Equity Funds 12.8% 
   Bond Funds 34.9% 
   Inflation-Protected Bond Funds 4.2% 
   Short-Term Funds 18.2% 


Six months ago 
   Domestic Equity Funds 29.4% 
   Commodity Funds 1.1% 
   International Equity Funds 13.1% 
   Bond Funds 34.7% 
   Inflation-Protected Bond Funds 4.1% 
   Short-Term Funds 17.6% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2010 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 28.8%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $71,899,306) 2,037,511 149,186,556 
Commodity Funds - 1.1%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $5,499,792) 550,117 5,578,190 
International Equity Funds - 12.8%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $52,698,140) 5,125,830 66,430,760 
Bond Funds - 34.9%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $178,998,023) 15,530,806 180,623,272 
Inflation-Protected Bond Funds - 4.2%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $22,380,631) 2,192,920 21,687,979 
Short-Term Funds - 18.2%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $93,860,746) 93,860,746 93,860,746 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $425,336,638)  517,367,503 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (40,573) 
NET ASSETS - 100%  $517,326,930 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $5,742,730 $242,147 $5,492 $(791) $78,398 $5,578,190 
Fidelity Series Commodity Strategy Fund  -- 5,586 5,586 -- --   -- -- 
Fidelity Series Commodity Strategy Fund Class F 5,222,656 256,951 5,351,575 -- (1,768,895) 1,640,863  -- 
Fidelity Series Global ex U.S. Index Fund 64,554,301 4,967,974 10,706,251 -- 486,680 7,128,056 66,430,760 
Fidelity Series Government Money Market Fund 1.09% -- 3,316,840 1,133,346 164,906 -- -- 93,860,746 
Fidelity Series Government Money Market Fund Class F 1.04% 86,433,301 10,491,824 5,247,873 236,760 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 640,190 263,966 5,986 1,472 (692,652) 21,687,979 
Fidelity Series Inflation-Protected Bond Index Fund Class F 20,224,246 2,280,457 1,225,174 8,679 1,783 721,623 -- 
Fidelity Total Market Index Fund Class F 144,449,086 11,483,398 17,098,460 411,857 917,114 9,435,418 149,186,556 
Fidelity U.S. Bond Index Fund Class F 170,584,949 21,218,423 12,814,698 2,156,033 (25,234) 1,659,832 180,623,272 
Total $491,468,539 $60,404,373 $54,089,076 $2,989,713 $(387,871) $19,971,538 $517,367,503 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $425,336,638) — See accompanying schedule  $517,367,503 
Cash  
Receivable for investments sold  3,482,153 
Receivable for fund shares sold  717,068 
Receivable from affiliate for expense reductions  11,569 
Total assets  521,578,295 
Liabilities   
Payable for investments purchased $4,032,259  
Payable for fund shares redeemed 166,994  
Transfer agent fees payable 52,112  
Total liabilities  4,251,365 
Net Assets  $517,326,930 
Net Assets consist of:   
Paid in capital  $424,885,764 
Undistributed net investment income  2,788,022 
Accumulated undistributed net realized gain (loss) on investments  (2,377,721) 
Net unrealized appreciation (depreciation) on investments  92,030,865 
Net Assets  $517,326,930 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($220,103,113 ÷ 15,495,071 shares)  $14.20 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($297,223,817 ÷ 20,922,693 shares)  $14.21 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $2,989,713 
Expenses   
Transfer agent fees $305,091  
Independent trustees' fees and expenses 906  
Total expenses before reductions 305,997  
Expense reductions (90,548) 215,449 
Net investment income (loss)  2,774,264 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (387,871)  
Capital gain distributions from underlying funds 227,692  
Total net realized gain (loss)  (160,179) 
Change in net unrealized appreciation (depreciation) on underlying funds  19,971,538 
Net gain (loss)  19,811,359 
Net increase (decrease) in net assets resulting from operations  $22,585,623 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,774,264 $8,067,826 
Net realized gain (loss) (160,179) 5,006,715 
Change in net unrealized appreciation (depreciation) 19,971,538 19,776,365 
Net increase (decrease) in net assets resulting from operations 22,585,623 32,850,906 
Distributions to shareholders from net investment income (1,033,628) (7,898,563) 
Distributions to shareholders from net realized gain (4,147,160) (841,366) 
Total distributions (5,180,788) (8,739,929) 
Share transactions - net increase (decrease) 8,481,466 19,751,057 
Total increase (decrease) in net assets 25,886,301 43,862,034 
Net Assets   
Beginning of period 491,440,629 447,578,595 
End of period $517,326,930 $491,440,629 
Other Information   
Undistributed net investment income end of period $2,788,022 $1,047,386 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2010 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.72 $13.03 $13.36 $13.08 $12.27 $11.71 
Income from Investment Operations       
Net investment income (loss)A .07 .23 .20 .23 .18 .18 
Net realized and unrealized gain (loss) .56 .71 (.30) .46 .68 .61 
Total from investment operations .63 .94 (.10) .69 .86 .79 
Distributions from net investment income (.03) (.22) (.23) (.35) (.02) (.17) 
Distributions from net realized gain (.12) (.02) B (.05) (.04) (.06) 
Total distributions (.15) (.25)C (.23) (.41)D (.05)E (.23) 
Net asset value, end of period $14.20 $13.72 $13.03 $13.36 $13.08 $12.27 
Total ReturnF,G 4.59% 7.24% (.72)% 5.36% 7.05% 6.80% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .15%J .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11%J .09% .08% .08% .09% .10% 
Expenses net of all reductions .11%J .09% .08% .08% .09% .10% 
Net investment income (loss) 1.07%J 1.70% 1.52% 1.72% 1.45% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $220,103 $205,267 $232,187 $480,861 $430,767 $364,853 
Portfolio turnover rateI 22%J 36% 22% 23% 39% 21% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.25 per share is comprised of distributions from net investment income of $.221 and distributions from net realized gain of $.024 per share.

 D Total distributions of $.41 per share is comprised of distributions from net investment income of $.353 and distributions from net realized gain of $.055 per share.

 E Total distributions of $.05 per share is comprised of distributions from net investment income of $.017 and distributions from net realized gain of $.035 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Amount does not include the portfolio activity of any Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2010 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.73 $13.03 $13.43 
Income from Investment Operations    
Net investment income (loss)B .08 .24 .27 
Net realized and unrealized gain (loss) .55 .71 (.46) 
Total from investment operations .63 .95 (.19) 
Distributions from net investment income (.03) (.23) (.21) 
Distributions from net realized gain (.12) (.02) C 
Total distributions (.15) (.25) (.21) 
Net asset value, end of period $14.21 $13.73 $13.03 
Total ReturnD,E 4.60% 7.39% (1.39)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .06%H .04% .02%H 
Expenses net of all reductions .06%H .04% .02%H 
Net investment income (loss) 1.12%H 1.75% 2.81%H 
Supplemental Data    
Net assets, end of period (000 omitted) $297,224 $286,173 $215,392 
Portfolio turnover rateG 22%H 36% 22% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 35.1 35.6 
Fidelity U.S. Bond Index Fund Class F 32.1 31.9 
Fidelity Series Global ex U.S. Index Fund 15.5 15.9 
Fidelity Series Government Money Market Fund 1.09% 12.8 12.2 
Fidelity Series Inflation-Protected Bond Index Fund 3.4 3.3 
Fidelity Commodity Strategy Fund Class F 1.1 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.1 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.1% 
   Commodity Funds 1.1% 
   International Equity Funds 15.5% 
   Bond Funds 32.1% 
   Inflation-Protected Bond Funds 3.4% 
   Short-Term Funds 12.8% 


Six months ago 
   Domestic Equity Funds 35.6% 
   Commodity Funds 1.1% 
   International Equity Funds 15.9% 
   Bond Funds 31.9% 
   Inflation-Protected Bond Funds 3.3% 
   Short-Term Funds 12.2% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2015 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.1%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $208,930,318) 5,343,527 391,253,056 
Commodity Funds - 1.1%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $12,514,271) 1,251,573 12,690,951 
International Equity Funds - 15.5%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $141,129,532) 13,381,487 173,424,069 
Bond Funds - 32.1%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $357,037,662) 30,828,259 358,532,657 
Inflation-Protected Bond Funds - 3.4%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $39,183,027) 3,825,031 37,829,557 
Short-Term Funds - 12.8%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $142,535,265) 142,535,265 142,535,265 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $901,330,075)  1,116,265,555 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (89,951) 
NET ASSETS - 100%  $1,116,175,604 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $12,813,045 $298,220 $12,483 $(555) $176,681 $12,690,951 
Fidelity Series Commodity Strategy Fund Class F 11,755,739 455,911 11,925,711 -- (3,987,374) 3,701,435 -- 
Fidelity Series Global ex U.S. Index Fund 164,314,491 11,205,435 21,647,489 -- 576,946 18,974,686 173,424,069 
Fidelity Series Government Money Market Fund 1.09% -- 5,470,989 1,152,985 248,152 -- -- 142,535,265 
Fidelity Series Government Money Market Fund Class F 1.04% 126,794,469 15,902,697 4,479,905 350,361 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,342,760 308,549 10,304 1,935 (1,353,470) 37,829,557 
Fidelity Series Inflation-Protected Bond Index Fund Class F 34,290,595 3,652,770 1,202,020 14,819 3,576 1,401,960 -- 
Fidelity Total Market Index Fund Class F 369,143,478 27,010,763 31,720,159 1,054,693 287,912 26,531,062 391,253,056 
Fidelity U.S. Bond Index Fund Class F 330,980,643 40,435,051 16,047,866 4,226,027 26,660 3,138,169 358,532,657 
Total $1,037,279,415 $118,289,421 $88,782,904 $5,916,839 $(3,090,900) $52,570,523 $1,116,265,555 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $901,330,075) — See accompanying schedule  $1,116,265,555 
Cash  
Receivable for investments sold  7,790,673 
Receivable for fund shares sold  1,527,274 
Receivable from affiliate for expense reductions  26,694 
Total assets  1,125,610,198 
Liabilities   
Payable for investments purchased $8,951,896  
Payable for fund shares redeemed 366,523  
Transfer agent fees payable 116,175  
Total liabilities  9,434,594 
Net Assets  $1,116,175,604 
Net Assets consist of:   
Paid in capital  $903,025,780 
Undistributed net investment income  5,286,313 
Accumulated undistributed net realized gain (loss) on investments  (7,071,969) 
Net unrealized appreciation (depreciation) on investments  214,935,480 
Net Assets  $1,116,175,604 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($576,624,908 ÷ 38,929,929 shares)  $14.81 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($539,550,696 ÷ 36,440,100 shares)  $14.81 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $5,916,839 
Expenses   
Transfer agent fees $673,374  
Independent trustees' fees and expenses 1,927  
Total expenses before reductions 675,301  
Expense reductions (189,479) 485,822 
Net investment income (loss)  5,431,017 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (3,090,900)  
Capital gain distributions from underlying funds 580,708  
Total net realized gain (loss)  (2,510,192) 
Change in net unrealized appreciation (depreciation) on underlying funds  52,570,523 
Net gain (loss)  50,060,331 
Net increase (decrease) in net assets resulting from operations  $55,491,348 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,431,017 $17,448,741 
Net realized gain (loss) (2,510,192) 5,722,978 
Change in net unrealized appreciation (depreciation) 52,570,523 57,498,019 
Net increase (decrease) in net assets resulting from operations 55,491,348 80,669,738 
Distributions to shareholders from net investment income (1,897,796) (17,117,936) 
Distributions to shareholders from net realized gain (1,533,342) (847,669) 
Total distributions (3,431,138) (17,965,605) 
Share transactions - net increase (decrease) 26,907,477 66,377,746 
Total increase (decrease) in net assets 78,967,687 129,081,879 
Net Assets   
Beginning of period 1,037,207,917 908,126,038 
End of period $1,116,175,604 $1,037,207,917 
Other Information   
Undistributed net investment income end of period $5,286,313 $1,753,092 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2015 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.11 $13.22 $13.62 $13.31 $12.39 $11.80 
Income from Investment Operations       
Net investment income (loss)A .07 .25 .23 .25 .20 .19 
Net realized and unrealized gain (loss) .68 .89 (.38) .52 .75 .63 
Total from investment operations .75 1.14 (.15) .77 .95 .82 
Distributions from net investment income (.03) (.24) (.25) (.41) (.02) (.18) 
Distributions from net realized gain (.02) (.01) B (.05) (.02) (.05) 
Total distributions (.05) (.25) (.25) (.46) (.03)C (.23) 
Net asset value, end of period $14.81 $14.11 $13.22 $13.62 $13.31 $12.39 
Total ReturnD,E 5.30% 8.71% (1.10)% 5.87% 7.71% 7.02% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .10% .08% .08% .09% .10% 
Expenses net of all reductions .12%H .10% .08% .08% .09% .10% 
Net investment income (loss) .99%H 1.80% 1.70% 1.86% 1.56% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $576,625 $516,456 $577,905 $910,801 $828,722 $672,276 
Portfolio turnover rateG 17%H 29% 22% 19% 29% 14% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.03 per share is comprised of distributions from net investment income of $.016 and distributions from net realized gain of $.017 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2015 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.10 $13.21 $13.72 
Income from Investment Operations    
Net investment income (loss)B .08 .25 .28 
Net realized and unrealized gain (loss) .68 .90 (.56) 
Total from investment operations .76 1.15 (.28) 
Distributions from net investment income (.03) (.25) (.23) 
Distributions from net realized gain (.02) (.01) C 
Total distributions (.05) (.26) (.23) 
Net asset value, end of period $14.81 $14.10 $13.21 
Total ReturnD,E 5.39% 8.79% (2.03)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .06%H .04% .02%H 
Expenses net of all reductions .06%H .04% .02%H 
Net investment income (loss) 1.04%H 1.85% 2.84%H 
Supplemental Data    
Net assets, end of period (000 omitted) $539,551 $520,752 $330,221 
Portfolio turnover rateG 17%H 29% 22% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 39.5 39.8 
Fidelity U.S. Bond Index Fund Class F 30.3 30.2 
Fidelity Series Global ex U.S. Index Fund 17.5 17.7 
Fidelity Series Government Money Market Fund 1.09% 8.9 8.6 
Fidelity Series Inflation-Protected Bond Index Fund 2.6 2.5 
Fidelity Commodity Strategy Fund Class F 1.2 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.2 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.5% 
   Commodity Funds 1.2% 
   International Equity Funds 17.5% 
   Bond Funds 30.3% 
   Inflation-Protected Bond Funds 2.6% 
   Short-Term Funds 8.9% 


Six months ago 
   Domestic Equity Funds 39.8% 
   Commodity Funds 1.2% 
   International Equity Funds 17.7% 
   Bond Funds 30.2% 
   Inflation-Protected Bond Funds 2.5% 
   Short-Term Funds 8.6% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2020 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 39.5%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $897,382,352) 19,660,646 1,439,552,480 
Commodity Funds - 1.2%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $42,450,590) 4,245,424 43,048,602 
International Equity Funds - 17.5%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $531,644,026) 49,103,309 636,378,880 
Bond Funds - 30.3%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $1,101,904,383) 94,834,480 1,102,925,005 
Inflation-Protected Bond Funds - 2.6%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $95,675,419) 9,435,974 93,321,781 
Short-Term Funds - 8.9%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $325,606,969) 325,606,969 325,606,969 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,994,663,739)  3,640,833,717 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (270,164) 
NET ASSETS - 100%  $3,640,563,553 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $42,851,412 $397,242 $42,230 $(3,580) $598,012 $43,048,602 
Fidelity Series Commodity Strategy Fund -- 36,592 36,592 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 39,123,698 1,583,499 39,745,802 -- (11,054,040) 10,092,645 -- 
Fidelity Series Global ex U.S. Index Fund 581,860,969 35,946,212 51,946,944 -- 1,469,226 69,049,417 636,378,880 
Fidelity Series Government Money Market Fund 1.09% -- 12,182,671 242,589 564,971 -- -- 325,606,969 
Fidelity Series Government Money Market Fund Class F 1.04% 283,399,194 33,878,247 3,610,554 790,848 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 3,146,449 70,370 25,372 570 (2,353,638) 93,321,781 
Fidelity Series Inflation-Protected Bond Index Fund Class F 82,300,437 8,861,819 1,048,026 36,066 2,775 2,481,765 -- 
Fidelity Total Market Index Fund Class F 1,309,507,950 88,807,146 56,132,172 3,744,536 423,097 96,946,459 1,439,552,480 
Fidelity U.S. Bond Index Fund Class F 994,090,731 116,861,248 17,582,109 12,844,032 86,953 9,468,182 1,102,925,005 
Total $3,290,282,979 $344,155,295 $170,812,400 $18,048,055 $(9,074,999) $186,282,842 $3,640,833,717 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,994,663,739) — See accompanying schedule  $3,640,833,717 
Cash  
Receivable for investments sold  22,104,536 
Receivable for fund shares sold  4,155,091 
Receivable from affiliate for expense reductions  91,250 
Total assets  3,667,184,595 
Liabilities   
Payable for investments purchased $24,504,454  
Payable for fund shares redeemed 1,754,872  
Transfer agent fees payable 361,716  
Total liabilities  26,621,042 
Net Assets  $3,640,563,553 
Net Assets consist of:   
Paid in capital  $3,004,134,014 
Undistributed net investment income  16,512,819 
Accumulated undistributed net realized gain (loss) on investments  (26,253,258) 
Net unrealized appreciation (depreciation) on investments  646,169,978 
Net Assets  $3,640,563,553 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,481,168,321 ÷ 95,384,369 shares)  $15.53 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,159,395,232 ÷ 139,101,919 shares)  $15.52 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $18,048,055 
Expenses   
Transfer agent fees $2,077,725  
Independent trustees' fees and expenses 6,178  
Total expenses before reductions 2,083,903  
Expense reductions (604,351) 1,479,552 
Net investment income (loss)  16,568,503 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (9,074,999)  
Capital gain distributions from underlying funds 2,058,589  
Total net realized gain (loss)  (7,016,410) 
Change in net unrealized appreciation (depreciation) on underlying funds  186,282,842 
Net gain (loss)  179,266,432 
Net increase (decrease) in net assets resulting from operations  $195,834,935 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $16,568,503 $56,181,484 
Net realized gain (loss) (7,016,410) 6,990,408 
Change in net unrealized appreciation (depreciation) 186,282,842 211,054,833 
Net increase (decrease) in net assets resulting from operations 195,834,935 274,226,725 
Distributions to shareholders from net investment income (5,668,560) (54,973,787) 
Distributions to shareholders from net realized gain (1,124,844) (1,286,363) 
Total distributions (6,793,404) (56,260,150) 
Share transactions - net increase (decrease) 161,446,091 411,720,041 
Total increase (decrease) in net assets 350,487,622 629,686,616 
Net Assets   
Beginning of period 3,290,075,931 2,660,389,315 
End of period $3,640,563,553 $3,290,075,931 
Other Information   
Undistributed net investment income end of period $16,512,819 $5,612,876 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2020 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $14.70 $13.65 $14.10 $13.72 $12.67 $12.03 
Income from Investment Operations       
Net investment income (loss)A .07 .27 .23 .26 .22 .20 
Net realized and unrealized gain (loss) .79 1.04 (.42) .57 .86 .68 
Total from investment operations .86 1.31 (.19) .83 1.08 .88 
Distributions from net investment income (.02) (.25) (.26) (.41) (.02) (.19) 
Distributions from net realized gain (.01) (.01) B (.04) (.01) (.05) 
Total distributions (.03) (.26) (.26) (.45) (.03) (.24) 
Net asset value, end of period $15.53 $14.70 $13.65 $14.10 $13.72 $12.67 
Total ReturnC,D 5.85% 9.68% (1.34)% 6.18% 8.55% 7.38% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .15%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .10% .08% .08% .09% .10% 
Expenses net of all reductions .12%G .10% .08% .08% .09% .10% 
Net investment income (loss) .93%G 1.88% 1.69% 1.90% 1.66% 1.68% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,481,168 $1,295,896 $1,410,489 $2,458,061 $2,010,769 $1,430,835 
Portfolio turnover rateF 10%G 20% 16% 16% 25% 11% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 F Amount does not include the portfolio activity of any Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2020 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.70 $13.65 $14.24 
Income from Investment Operations    
Net investment income (loss)B .07 .27 .32 
Net realized and unrealized gain (loss) .78 1.05 (.67) 
Total from investment operations .85 1.32 (.35) 
Distributions from net investment income (.03) (.26) (.24) 
Distributions from net realized gain (.01) (.01) C 
Total distributions (.03)D (.27) (.24) 
Net asset value, end of period $15.52 $14.70 $13.65 
Total ReturnE,F 5.80% 9.75% (2.42)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .10%I .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .02%I 
Expenses net of all reductions .07%I .05% .02%I 
Net investment income (loss) .98%I 1.93% 3.12%I 
Supplemental Data    
Net assets, end of period (000 omitted) $2,159,395 $1,994,180 $1,249,900 
Portfolio turnover rateH 10%I 20% 16% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.03 per share is comprised of distributions from net investment income of $.026 and distributions from net realized gain of $.005 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 43.5 43.8 
Fidelity U.S. Bond Index Fund Class F 28.7 28.6 
Fidelity Series Global ex U.S. Index Fund 19.2 19.4 
Fidelity Series Government Money Market Fund 1.09% 5.5 5.2 
Fidelity Series Inflation-Protected Bond Index Fund 1.8 1.7 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 43.5% 
   Commodity Funds 1.3% 
   International Equity Funds 19.2% 
   Bond Funds 28.7% 
   Inflation-Protected Bond Funds 1.8% 
   Short-Term Funds 5.5% 


Six months ago 
   Domestic Equity Funds 43.8% 
   Commodity Funds 1.3% 
   International Equity Funds 19.4% 
   Bond Funds 28.6% 
   Inflation-Protected Bond Funds 1.7% 
   Short-Term Funds 5.2% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2025 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 43.5%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $913,247,331) 18,758,947 1,373,530,079 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $38,921,843) 3,892,743 39,472,419 
International Equity Funds - 19.2%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $510,280,020) 46,769,152 606,128,208 
Bond Funds - 28.7%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $906,106,688) 77,915,988 906,162,938 
Inflation-Protected Bond Funds - 1.8%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $56,504,904) 5,618,005 55,562,072 
Short-Term Funds - 5.5%   
Fidelity Series Government Money Market Fund 1.09%(a)(b)   
(Cost $174,191,859) 174,191,859 174,191,859 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,599,252,645)  3,155,047,575 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (237,531) 
NET ASSETS - 100%  $3,154,810,044 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $39,153,516 $229,235 $38,627 $(2,438) $550,576 $39,472,419 
Fidelity Series Commodity Strategy Fund -- 35,943 35,943 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 33,800,162 1,981,394 34,939,893 -- (7,595,949) 6,754,286 -- 
Fidelity Series Global ex U.S. Index Fund 521,823,587 59,425,188 40,279,649 -- 2,083,583 63,075,499 606,128,208 
Fidelity Series Government Money Market Fund 1.09% -- 10,052,762 199,901 297,683 -- -- 174,191,859 
Fidelity Series Government Money Market Fund Class F 1.04% 139,226,003 25,972,245 859,250 401,738 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund -- 3,024,056 64,473 14,862 441 (942,832) 55,562,072 
Fidelity Series Inflation-Protected Bond Index Fund Class F 45,395,159 7,417,882 279,819 20,589 726 1,010,932 -- 
Fidelity Total Market Index Fund Class F 1,175,931,275 144,472,185 37,884,102 3,382,676 157,484 90,853,237 1,373,530,079 
Fidelity U.S. Bond Index Fund Class F 768,348,006 137,107,066 6,694,916 10,258,261 56,212 7,346,570 906,162,938 
Total $2,684,524,192 $428,642,237 $121,467,181 $14,414,436 $(5,299,941) $168,648,268 $3,155,047,575 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,599,252,645) — See accompanying schedule  $3,155,047,575 
Cash  
Receivable for investments sold  18,152,367 
Receivable for fund shares sold  4,007,158 
Receivable from affiliate for expense reductions  82,543 
Total assets  3,177,289,644 
Liabilities   
Payable for investments purchased $20,948,533  
Payable for fund shares redeemed 1,210,777  
Transfer agent fees payable 320,290  
Total liabilities  22,479,600 
Net Assets  $3,154,810,044 
Net Assets consist of:   
Paid in capital  $2,608,128,881 
Undistributed net investment income  12,751,198 
Accumulated undistributed net realized gain (loss) on investments  (21,864,965) 
Net unrealized appreciation (depreciation) on investments  555,794,930 
Net Assets  $3,154,810,044 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,480,362,701 ÷ 90,001,536 shares)  $16.45 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,674,447,343 ÷ 101,784,289 shares)  $16.45 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $14,414,436 
Expenses   
Transfer agent fees $1,799,401  
Independent trustees' fees and expenses 5,156  
Total expenses before reductions 1,804,557  
Expense reductions (505,747) 1,298,810 
Net investment income (loss)  13,115,626 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (5,299,941)  
Capital gain distributions from underlying funds 1,860,372  
Total net realized gain (loss)  (3,439,569) 
Change in net unrealized appreciation (depreciation) on underlying funds  168,648,268 
Net gain (loss)  165,208,699 
Net increase (decrease) in net assets resulting from operations  $178,324,325 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $13,115,626 $45,697,705 
Net realized gain (loss) (3,439,569) 4,799,676 
Change in net unrealized appreciation (depreciation) 168,648,268 185,436,844 
Net increase (decrease) in net assets resulting from operations 178,324,325 235,934,225 
Distributions to shareholders from net investment income (4,607,471) (44,466,395) 
Distributions to shareholders from net realized gain – (1,138,843) 
Total distributions (4,607,471) (45,605,238) 
Share transactions - net increase (decrease) 296,753,129 521,304,677 
Total increase (decrease) in net assets 470,469,983 711,633,664 
Net Assets   
Beginning of period 2,684,340,061 1,972,706,397 
End of period $3,154,810,044 $2,684,340,061 
Other Information   
Undistributed net investment income end of period $12,751,198 $4,243,043 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2025 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $15.50 $14.27 $14.80 $14.36 $12.99 $12.21 
Income from Investment Operations       
Net investment income (loss)A .07 .29 .27 .30 .24 .22 
Net realized and unrealized gain (loss) .91 1.22 (.52) .65 1.15 .80 
Total from investment operations .98 1.51 (.25) .95 1.39 1.02 
Distributions from net investment income (.03) (.27) (.27) (.48)B (.01) (.21) 
Distributions from net realized gain – (.01) C (.03)B (.01) (.04) 
Total distributions (.03) (.28) (.28)D (.51) (.02) (.24)E 
Net asset value, end of period $16.45 $15.50 $14.27 $14.80 $14.36 $12.99 
Total ReturnF,G 6.30% 10.67% (1.72)% 6.73% 10.75% 8.50% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .15%J .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%J .10% .08% .08% .09% .10% 
Expenses net of all reductions .12%J .10% .08% .08% .09% .10% 
Net investment income (loss) .87%J 1.97% 1.84% 2.03% 1.78% 1.82% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,480,363 $1,227,802 $1,179,785 $1,723,943 $1,347,992 $969,395 
Portfolio turnover rateI 8%J 18% 17% 15% 21% 10% 

 A Calculated based on average shares outstanding during the period.

 B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 C Amount represents less than $.005 per share.

 D Total distributions of $.28 per share is comprised of distributions from net investment income of $.272 and distributions from net realized gain of $.003 per share.

 E Total distributions of $.24 per share is comprised of distributions from net investment income of $.205 and distributions from net realized gain of $.038 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Amount does not include the portfolio activity of any Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2025 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $15.50 $14.27 $15.00 
Income from Investment Operations    
Net investment income (loss)B .07 .30 .33 
Net realized and unrealized gain (loss) .91 1.22 (.79) 
Total from investment operations .98 1.52 (.46) 
Distributions from net investment income (.03) (.28) (.27) 
Distributions from net realized gain – (.01) C 
Total distributions (.03) (.29) (.27) 
Net asset value, end of period $16.45 $15.50 $14.27 
Total ReturnD,E 6.31% 10.74% (3.07)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .02%H 
Expenses net of all reductions .07%H .05% .02%H 
Net investment income (loss) .92%H 2.02% 3.08%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,674,447 $1,456,538 $792,922 
Portfolio turnover rateG 8%H 18% 17% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 52.5 53.4 
Fidelity Series Global ex U.S. Index Fund 23.1 23.6 
Fidelity U.S. Bond Index Fund Class F 22.2 20.8 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Inflation-Protected Bond Index Fund 0.9 0.9 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 52.5% 
   Commodity Funds 1.3% 
   International Equity Funds 23.1% 
   Bond Funds 22.2% 
   Inflation-Protected Bond Funds 0.9% 


Six months ago 
   Domestic Equity Funds 53.4% 
   Commodity Funds 1.3% 
   International Equity Funds 23.6% 
   Bond Funds 20.8% 
   Inflation-Protected Bond Funds 0.9% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2030 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 52.5%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,396,079,926) 28,142,098 2,060,564,396 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $50,629,369) 5,063,009 51,338,911 
International Equity Funds - 23.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $771,653,840) 69,880,118 905,646,332 
Bond Funds - 22.2%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $869,558,100) 74,829,008 870,261,360 
Inflation-Protected Bond Funds - 0.9%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $38,332,364) 3,841,374 37,991,184 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,126,253,599)  3,925,802,183 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (279,566) 
NET ASSETS - 100%  $3,925,522,617 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $50,847,779 $215,541 $49,382 $(2,869) $709,542 $51,338,911 
Fidelity Series Commodity Strategy Fund -- 47,997 47,997 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 43,571,213 1,961,512 44,454,013 -- (10,572,992) 9,494,280 -- 
Fidelity Series Global ex U.S. Index Fund 792,553,531 74,363,463 59,437,318 -- 3,215,653 94,951,003 905,646,332 
Fidelity Series Inflation-Protected Bond Index Fund -- 2,772,731 15,745 9,993 123 (341,180) 37,991,184 
Fidelity Series Inflation-Protected Bond Index Fund Class F 29,506,106 5,826,892 146,226 13,522 463 388,020 -- 
Fidelity Total Market Index Fund Class F 1,794,616,069 178,070,205 49,294,318 5,156,573 246,101 136,926,339 2,060,564,396 
Fidelity U.S. Bond Index Fund Class F 699,371,055 167,900,657 3,743,739 9,519,344 42,707 6,690,680 870,261,360 
Total $3,359,617,974 $481,791,236 $157,354,897 $14,748,814 $(7,070,814) $248,818,684 $3,925,802,183 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $3,126,253,599) — See accompanying schedule  $3,925,802,183 
Cash  
Receivable for investments sold  24,623,216 
Receivable for fund shares sold  7,161,659 
Receivable from affiliate for expense reductions  108,234 
Total assets  3,957,695,293 
Liabilities   
Payable for investments purchased $30,606,185  
Payable for fund shares redeemed 1,178,685  
Transfer agent fees payable 387,806  
Total liabilities  32,172,676 
Net Assets  $3,925,522,617 
Net Assets consist of:   
Paid in capital  $3,137,500,479 
Undistributed net investment income  12,733,211 
Accumulated undistributed net realized gain (loss) on investments  (24,259,657) 
Net unrealized appreciation (depreciation) on investments  799,548,584 
Net Assets  $3,925,522,617 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,597,612,862 ÷ 92,734,976 shares)  $17.23 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,327,909,755 ÷ 135,120,532 shares)  $17.23 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $14,748,814 
Expenses   
Transfer agent fees $2,185,216  
Independent trustees' fees and expenses 6,433  
Total expenses before reductions 2,191,649  
Expense reductions (618,048) 1,573,601 
Net investment income (loss)  13,175,213 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (7,070,814)  
Capital gain distributions from underlying funds 2,821,709  
Total net realized gain (loss)  (4,249,105) 
Change in net unrealized appreciation (depreciation) on underlying funds  248,818,684 
Net gain (loss)  244,569,579 
Net increase (decrease) in net assets resulting from operations  $257,744,792 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $13,175,213 $59,114,331 
Net realized gain (loss) (4,249,105) 9,687,272 
Change in net unrealized appreciation (depreciation) 248,818,684 289,603,263 
Net increase (decrease) in net assets resulting from operations 257,744,792 358,404,866 
Distributions to shareholders from net investment income (3,865,086) (57,869,689) 
Distributions to shareholders from net realized gain – (1,383,530) 
Total distributions (3,865,086) (59,253,219) 
Share transactions - net increase (decrease) 312,261,407 579,864,862 
Total increase (decrease) in net assets 566,141,113 879,016,509 
Net Assets   
Beginning of period 3,359,381,504 2,480,364,995 
End of period $3,925,522,617 $3,359,381,504 
Other Information   
Undistributed net investment income end of period $12,733,211 $3,423,084 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2030 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.07 $14.49 $15.15 $14.62 $13.10 $12.28 
Income from Investment Operations       
Net investment income (loss)A .06 .31 .26 .30 .25 .24 
Net realized and unrealized gain (loss) 1.12 1.57 (.63) .73 1.29 .83 
Total from investment operations 1.18 1.88 (.37) 1.03 1.54 1.07 
Distributions from net investment income (.02) (.29) (.29) (.48) (.01) (.21) 
Distributions from net realized gain – (.01) B (.02) (.01) (.03) 
Total distributions (.02) (.30) (.29) (.50) (.02) (.25)C 
Net asset value, end of period $17.23 $16.07 $14.49 $15.15 $14.62 $13.10 
Total ReturnD,E 7.33% 13.07% (2.44)% 7.16% 11.80% 8.80% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .10% .08% .08% .08% .10% 
Expenses net of all reductions .12%H .10% .08% .08% .08% .10% 
Net investment income (loss) .70%H 2.03% 1.75% 1.99% 1.84% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,597,613 $1,333,880 $1,315,200 $2,224,676 $1,704,216 $1,203,044 
Portfolio turnover rateG 9%H 13% 13% 12% 32% 10% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.25 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.034 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2030 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $16.07 $14.49 $15.44 
Income from Investment Operations    
Net investment income (loss)B .06 .32 .38 
Net realized and unrealized gain (loss) 1.12 1.57 (1.04) 
Total from investment operations 1.18 1.89 (.66) 
Distributions from net investment income (.02) (.30) (.29) 
Distributions from net realized gain – (.01) C 
Total distributions (.02) (.31) (.29) 
Net asset value, end of period $17.23 $16.07 $14.49 
Total ReturnD,E 7.34% 13.13% (4.28)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .02%H 
Expenses net of all reductions .07%H .05% .02%H 
Net investment income (loss) .75%H 2.08% 3.54%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,327,910 $2,025,502 $1,165,165 
Portfolio turnover rateG 9%H 13% 13% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 60.6 61.0 
Fidelity Series Global ex U.S. Index Fund 26.6 26.9 
Fidelity U.S. Bond Index Fund Class F 11.4 10.7 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Inflation-Protected Bond Index Fund 0.1 0.1 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.6% 
   Commodity Funds 1.3% 
   International Equity Funds 26.6% 
   Bond Funds 11.4% 
   Inflation-Protected Bond Funds 0.1% 


Six months ago 
   Domestic Equity Funds 61.0% 
   Commodity Funds 1.3% 
   International Equity Funds 26.9% 
   Bond Funds 10.7% 
   Inflation-Protected Bond Funds 0.1% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2035 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 60.6%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,056,244,288) 20,486,737 1,500,038,913 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $32,362,700) 3,235,821 32,811,226 
International Equity Funds - 26.6%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $562,170,145) 50,711,279 657,218,171 
Bond Funds - 11.4%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $279,956,310) 24,140,084 280,749,181 
Inflation-Protected Bond Funds - 0.1%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $3,607,857) 365,313 3,612,947 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,934,341,300)  2,474,430,438 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (181,134) 
NET ASSETS - 100%  $2,474,249,304 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $32,572,113 $206,762 $79,152 $(2,651) $448,526 $32,811,226 
Fidelity Series Commodity Strategy Fund -- 50,058 50,058 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 27,431,702 1,847,169 28,593,314 -- (6,070,487) 5,384,930 -- 
Fidelity Series Global ex U.S. Index Fund 555,421,072 68,093,004 35,988,374 -- 2,249,979 67,442,490 657,218,171 
Fidelity Series Inflation-Protected Bond Index Fund -- 738,900 1,553 860 5,090 3,612,947 
Fidelity Series Inflation-Protected Bond Index Fund Class F 1,396,593 1,495,740 18,500 901 71 (3,403) -- 
Fidelity Total Market Index Fund Class F 1,261,394,419 167,974,157 27,497,179 3,634,524 44,817 98,122,699 1,500,038,913 
Fidelity U.S. Bond Index Fund Class F 221,059,905 59,534,922 1,977,123 3,035,743 20,871 2,110,606 280,749,181 
Total $2,066,703,691 $332,306,063 $94,332,863 $6,751,180 $(3,757,391) $173,510,938 $2,474,430,438 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,934,341,300) — See accompanying schedule  $2,474,430,438 
Cash  
Receivable for investments sold  8,245,893 
Receivable for fund shares sold  3,269,154 
Receivable from affiliate for expense reductions  68,506 
Total assets  2,486,013,992 
Liabilities   
Payable for investments purchased $10,098,975  
Payable for fund shares redeemed 1,416,070  
Transfer agent fees payable 249,643  
Total liabilities  11,764,688 
Net Assets  $2,474,249,304 
Net Assets consist of:   
Paid in capital  $1,943,062,005 
Undistributed net investment income  5,536,414 
Accumulated undistributed net realized gain (loss) on investments  (14,438,253) 
Net unrealized appreciation (depreciation) on investments  540,089,138 
Net Assets  $2,474,249,304 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,145,908,516 ÷ 63,123,373 shares)  $18.15 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,328,340,788 ÷ 73,144,925 shares)  $18.16 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $6,751,180 
Expenses   
Transfer agent fees $1,390,929  
Independent trustees' fees and expenses 3,981  
Total expenses before reductions 1,394,910  
Expense reductions (385,179) 1,009,731 
Net investment income (loss)  5,741,449 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (3,757,391)  
Capital gain distributions from underlying funds 1,936,625  
Total net realized gain (loss)  (1,820,766) 
Change in net unrealized appreciation (depreciation) on underlying funds  173,510,938 
Net gain (loss)  171,690,172 
Net increase (decrease) in net assets resulting from operations  $177,431,621 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,741,449 $35,229,689 
Net realized gain (loss) (1,820,766) 7,160,040 
Change in net unrealized appreciation (depreciation) 173,510,938 200,174,805 
Net increase (decrease) in net assets resulting from operations 177,431,621 242,564,534 
Distributions to shareholders from net investment income (764,883) (34,907,392) 
Distributions to shareholders from net realized gain – (913,937) 
Total distributions (764,883) (35,821,329) 
Share transactions - net increase (decrease) 231,029,076 397,733,882 
Total increase (decrease) in net assets 407,695,814 604,477,087 
Net Assets   
Beginning of period 2,066,553,490 1,462,076,403 
End of period $2,474,249,304 $2,066,553,490 
Other Information   
Undistributed net investment income end of period $5,536,414 $559,848 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2035 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.79 $14.91 $15.67 $15.11 $13.32 $12.40 
Income from Investment Operations       
Net investment income (loss)A .04 .32 .27 .31 .25 .24 
Net realized and unrealized gain (loss) 1.33 1.87 (.73) .77 1.55 .91 
Total from investment operations 1.37 2.19 (.46) 1.08 1.80 1.15 
Distributions from net investment income (.01) (.30) (.30) (.51) (.01) (.22) 
Distributions from net realized gain – (.01) B (.01) B (.02) 
Total distributions (.01) (.31) (.30) (.52) (.01) (.23)C 
Net asset value, end of period $18.15 $16.79 $14.91 $15.67 $15.11 $13.32 
Total ReturnD,E 8.13% 14.81% (2.93)% 7.25% 13.56% 9.44% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .10% .08% .08% .08% .09% 
Expenses net of all reductions .12%H .10% .08% .08% .08% .09% 
Net investment income (loss) .48%H 2.02% 1.79% 2.02% 1.79% 1.91% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,145,909 $936,458 $880,845 $1,282,091 $1,000,962 $689,033 
Portfolio turnover rateG 8%H 13% 11% 13% 25% 8% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.23 per share is comprised of distributions from net investment income of $.215 and distributions from net realized gain of $.019 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2035 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $16.80 $14.92 $16.03 
Income from Investment Operations    
Net investment income (loss)B .05 .33 .39 
Net realized and unrealized gain (loss) 1.32 1.87 (1.20) 
Total from investment operations 1.37 2.20 (.81) 
Distributions from net investment income (.01) (.31) (.30) 
Distributions from net realized gain – (.01) C 
Total distributions (.01) (.32) (.30) 
Net asset value, end of period $18.16 $16.80 $14.92 
Total ReturnD,E 8.14% 14.87% (5.04)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .10%H .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .01%H 
Expenses net of all reductions .07%H .05% .01%H 
Net investment income (loss) .53%H 2.07% 3.53%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,328,341 $1,130,096 $581,231 
Portfolio turnover rateG 8%H 13% 11% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 61.7 61.6 
Fidelity Series Global ex U.S. Index Fund 27.0 27.1 
Fidelity U.S. Bond Index Fund Class F 10.0 10.0 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.7% 
   Commodity Funds 1.3% 
   International Equity Funds 27.0% 
   Bond Funds 10.0% 


Six months ago 
   Domestic Equity Funds 61.6% 
   Commodity Funds 1.3% 
   International Equity Funds 27.1% 
   Bond Funds 10.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2040 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,178,925,602) 23,170,817 1,696,567,224 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $36,644,924) 3,663,817 37,151,107 
International Equity Funds - 27.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $633,501,350) 57,331,955 743,022,142 
Bond Funds - 10.0%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $274,805,491) 23,662,374 275,193,412 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,123,877,367)  2,751,933,885 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (193,546) 
NET ASSETS - 100%  $2,751,740,339 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $36,863,710 $216,176 $88,738 $(2,610) $506,183 $37,151,107 
Fidelity Series Commodity Strategy Fund -- 29,966 29,966 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 31,172,985 1,899,466 32,296,507 -- (7,378,609) 6,602,665 -- 
Fidelity Series Global ex U.S. Index Fund 633,792,887 67,163,523 37,104,067 -- 2,107,575 77,062,224 743,022,142 
Fidelity Total Market Index Fund Class F 1,439,197,740 166,913,982 20,885,969 4,137,177 23,602 111,317,869 1,696,567,224 
Fidelity U.S. Bond Index Fund Class F 234,077,876 42,143,761 3,285,710 3,108,575 37,485 2,220,000 275,193,412 
Total $2,338,241,488 $315,014,408 $93,818,395 $7,334,490 $(5,212,557) $197,708,941 $2,751,933,885 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $2,123,877,367) — See accompanying schedule  $2,751,933,885 
Cash  
Receivable for investments sold  5,798,284 
Receivable for fund shares sold  3,862,509 
Receivable from affiliate for expense reductions  76,294 
Total assets  2,761,670,975 
Liabilities   
Payable for investments purchased $9,092,892  
Payable for fund shares redeemed 567,894  
Transfer agent fees payable 269,850  
Total liabilities  9,930,636 
Net Assets  $2,751,740,339 
Net Assets consist of:   
Paid in capital  $2,132,061,320 
Undistributed net investment income  5,984,833 
Accumulated undistributed net realized gain (loss) on investments  (14,362,332) 
Net unrealized appreciation (depreciation) on investments  628,056,518 
Net Assets  $2,751,740,339 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,080,654,741 ÷ 59,116,265 shares)  $18.28 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,671,085,598 ÷ 91,436,856 shares)  $18.28 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $7,334,490 
Expenses   
Transfer agent fees $1,516,984  
Independent trustees' fees and expenses 4,484  
Total expenses before reductions 1,521,468  
Expense reductions (432,643) 1,088,825 
Net investment income (loss)  6,245,665 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (5,212,557)  
Capital gain distributions from underlying funds 2,204,459  
Total net realized gain (loss)  (3,008,098) 
Change in net unrealized appreciation (depreciation) on underlying funds  197,708,941 
Net gain (loss)  194,700,843 
Net increase (decrease) in net assets resulting from operations  $200,946,508 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,245,665 $41,053,973 
Net realized gain (loss) (3,008,098) 6,925,856 
Change in net unrealized appreciation (depreciation) 197,708,941 234,740,002 
Net increase (decrease) in net assets resulting from operations 200,946,508 282,719,831 
Distributions to shareholders from net investment income (876,541) (40,761,925) 
Distributions to shareholders from net realized gain – (1,041,933) 
Total distributions (876,541) (41,803,858) 
Share transactions - net increase (decrease) 213,592,799 356,188,582 
Total increase (decrease) in net assets 413,662,766 597,104,555 
Net Assets   
Beginning of period 2,338,077,573 1,740,973,018 
End of period $2,751,740,339 $2,338,077,573 
Other Information   
Undistributed net investment income end of period $5,984,833 $615,709 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2040 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $16.90 $15.00 $15.76 $15.18 $13.36 $12.42 
Income from Investment Operations       
Net investment income (loss)A .04 .32 .26 .31 .25 .24 
Net realized and unrealized gain (loss) 1.35 1.90 (.72) .78 1.58 .93 
Total from investment operations 1.39 2.22 (.46) 1.09 1.83 1.17 
Distributions from net investment income (.01) (.31) (.30) (.50) (.01) (.21) 
Distributions from net realized gain – (.01) B B B (.02) 
Total distributions (.01) (.32) (.30) (.51)C (.01) (.23) 
Net asset value, end of period $18.28 $16.90 $15.00 $15.76 $15.18 $13.36 
Total ReturnD,E 8.20% 14.90% (2.91)% 7.27% 13.72% 9.59% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .10% .08% .08% .08% .09% 
Expenses net of all reductions .12%H .10% .08% .08% .08% .09% 
Net investment income (loss) .46%H 2.02% 1.70% 1.99% 1.78% 1.93% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,080,655 $900,067 $910,880 $1,511,298 $1,179,249 $810,449 
Portfolio turnover rateG 7%H 13% 9% 12% 26% 8% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.51 per share is comprised of distributions from net investment income of $.502 and distributions from net realized gain of $.003 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2040 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $16.89 $15.00 $16.12 
Income from Investment Operations    
Net investment income (loss)B .04 .33 .41 
Net realized and unrealized gain (loss) 1.36 1.89 (1.22) 
Total from investment operations 1.40 2.22 (.81) 
Distributions from net investment income (.01) (.32) (.30) 
Distributions from net realized gain – (.01) C 
Total distributions (.01) (.33) (.31)D 
Net asset value, end of period $18.28 $16.89 $15.00 
Total ReturnE,F 8.27% 14.90% (5.06)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .10%I .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .01%I 
Expenses net of all reductions .07%I .05% .01%I 
Net investment income (loss) .51%I 2.07% 3.69%I 
Supplemental Data    
Net assets, end of period (000 omitted) $1,671,086 $1,438,010 $830,093 
Portfolio turnover rateH 7%I 13% 9% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.303 and distributions from net realized gain of $.003 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 61.7 61.6 
Fidelity Series Global ex U.S. Index Fund 27.0 27.1 
Fidelity U.S. Bond Index Fund Class F 10.0 10.0 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.7% 
   Commodity Funds 1.3% 
   International Equity Funds 27.0% 
   Bond Funds 10.0% 


Six months ago 
   Domestic Equity Funds 61.6% 
   Commodity Funds 1.3% 
   International Equity Funds 27.1% 
   Bond Funds 10.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2045 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $723,486,394) 13,598,550 995,685,812 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $21,505,577) 2,150,231 21,803,339 
International Equity Funds - 27.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $373,550,563) 33,647,128 436,066,779 
Bond Funds - 10.0%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $161,600,228) 13,887,035 161,506,219 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,280,142,762)  1,615,062,149 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (117,153) 
NET ASSETS - 100%  $1,614,944,996 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $21,595,472 $88,882 $51,999 $(1,013) $297,762 $21,803,339 
Fidelity Series Commodity Strategy Fund -- 42,799 42,799 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 17,699,726 1,367,232 18,623,173 -- (3,804,690) 3,360,905 -- 
Fidelity Series Global ex U.S. Index Fund 359,862,868 51,447,736 21,046,359 -- 1,291,293 44,511,241 436,066,779 
Fidelity Total Market Index Fund Class F 817,164,822 122,766,114 9,018,914 2,353,293 16,341 64,757,449 995,685,812 
Fidelity U.S. Bond Index Fund Class F 132,906,550 28,972,459 1,658,854 1,802,429 19,752 1,266,312 161,506,219 
Total $1,327,633,966 $226,191,812 $50,478,981 $4,207,721 $(2,478,317) $114,193,669 $1,615,062,149 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,280,142,762) — See accompanying schedule  $1,615,062,149 
Cash  
Receivable for investments sold  2,971,787 
Receivable for fund shares sold  3,349,029 
Receivable from affiliate for expense reductions  44,740 
Total assets  1,621,427,707 
Liabilities   
Payable for investments purchased $5,662,301  
Payable for fund shares redeemed 658,511  
Transfer agent fees payable 161,899  
Total liabilities  6,482,711 
Net Assets  $1,614,944,996 
Net Assets consist of:   
Paid in capital  $1,284,371,283 
Undistributed net investment income  3,369,463 
Accumulated undistributed net realized gain (loss) on investments  (7,715,137) 
Net unrealized appreciation (depreciation) on investments  334,919,387 
Net Assets  $1,614,944,996 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($725,197,634 ÷ 39,381,518 shares)  $18.41 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($889,747,362 ÷ 48,304,544 shares)  $18.42 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $4,207,721 
Expenses   
Transfer agent fees $900,786  
Independent trustees' fees and expenses 2,584  
Total expenses before reductions 903,370  
Expense reductions (250,943) 652,427 
Net investment income (loss)  3,555,294 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (2,478,317)  
Capital gain distributions from underlying funds 1,253,932  
Total net realized gain (loss)  (1,224,385) 
Change in net unrealized appreciation (depreciation) on underlying funds  114,193,669 
Net gain (loss)  112,969,284 
Net increase (decrease) in net assets resulting from operations  $116,524,578 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,555,294 $22,959,679 
Net realized gain (loss) (1,224,385) 3,212,741 
Change in net unrealized appreciation (depreciation) 114,193,669 130,690,741 
Net increase (decrease) in net assets resulting from operations 116,524,578 156,863,161 
Distributions to shareholders from net investment income (612,655) (22,724,189) 
Distributions to shareholders from net realized gain (1,118,544) (574,033) 
Total distributions (1,731,199) (23,298,222) 
Share transactions - net increase (decrease) 172,613,312 264,415,613 
Total increase (decrease) in net assets 287,406,691 397,980,552 
Net Assets   
Beginning of period 1,327,538,305 929,557,753 
End of period $1,614,944,996 $1,327,538,305 
Other Information   
Undistributed net investment income end of period $3,369,463 $426,824 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2045 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $17.04 $15.13 $15.89 $15.32 $13.44 $12.47 
Income from Investment Operations       
Net investment income (loss)A .04 .33 .28 .32 .25 .25 
Net realized and unrealized gain (loss) 1.35 1.90 (.74) .77 1.64 .95 
Total from investment operations 1.39 2.23 (.46) 1.09 1.89 1.20 
Distributions from net investment income (.01) (.31) (.30) (.51) (.01) (.21) 
Distributions from net realized gain (.01) (.01) B (.01) B (.02) 
Total distributions (.02) (.32) (.30) (.52) (.01) (.23) 
Net asset value, end of period $18.41 $17.04 $15.13 $15.89 $15.32 $13.44 
Total ReturnC,D 8.16% 14.87% (2.88)% 7.22% 14.07% 9.76% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .15%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .10% .08% .08% .08% .09% 
Expenses net of all reductions .12%G .10% .08% .08% .08% .09% 
Net investment income (loss) .46%G 2.04% 1.79% 2.04% 1.75% 1.95% 
Supplemental Data       
Net assets, end of period (000 omitted) $725,198 $583,893 $542,581 $750,330 $577,603 $380,466 
Portfolio turnover rateF 7%G 15% 8% 12% 22% 7% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 F Amount does not include the portfolio activity of any Underlying Funds.

 G Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2045 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $17.04 $15.13 $16.26 
Income from Investment Operations    
Net investment income (loss)B .04 .34 .40 
Net realized and unrealized gain (loss) 1.36 1.90 (1.22) 
Total from investment operations 1.40 2.24 (.82) 
Distributions from net investment income (.01) (.32) (.30) 
Distributions from net realized gain (.01) (.01) C 
Total distributions (.02) (.33) (.31)D 
Net asset value, end of period $18.42 $17.04 $15.13 
Total ReturnE,F 8.24% 14.94% (5.08)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .10%I .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .01%I 
Expenses net of all reductions .07%I .05% .01%I 
Net investment income (loss) .51%I 2.09% 3.56%I 
Supplemental Data    
Net assets, end of period (000 omitted) $889,747 $743,645 $386,977 
Portfolio turnover rateH 7%I 15% 8% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.303 and distributions from net realized gain of $.003 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 61.7 61.6 
Fidelity Series Global ex U.S. Index Fund 27.0 27.1 
Fidelity U.S. Bond Index Fund Class F 10.0 10.0 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.7% 
   Commodity Funds 1.3% 
   International Equity Funds 27.0% 
   Bond Funds 10.0% 


Six months ago 
   Domestic Equity Funds 61.6% 
   Commodity Funds 1.3% 
   International Equity Funds 27.1% 
   Bond Funds 10.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2050 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $676,468,786) 12,654,527 926,564,485 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $20,011,700) 2,000,960 20,289,733 
International Equity Funds - 27.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $347,612,332) 31,311,317 405,794,665 
Bond Funds - 10.0%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $150,490,193) 12,922,987 150,294,334 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,194,583,011)  1,502,943,217 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (107,274) 
NET ASSETS - 100%  $1,502,835,943 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $20,108,253 $95,469 $48,221 $(1,084) $278,033 $20,289,733 
Fidelity Series Commodity Strategy Fund -- 27,109 27,109 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 16,483,646 1,195,725 17,266,921 -- (3,339,977) 2,927,527 -- 
Fidelity Series Global ex U.S. Index Fund 335,135,964 47,653,591 19,557,558 -- 1,410,832 41,151,836 405,794,665 
Fidelity Total Market Index Fund Class F 761,017,302 115,171,881 9,814,534 2,190,209 4,873 60,184,963 926,564,485 
Fidelity U.S. Bond Index Fund Class F 123,775,230 26,908,354 1,584,191 1,673,657 14,746 1,180,195 150,294,334 
Total $1,236,412,142 $211,064,913 $48,345,782 $3,912,087 $(1,910,610) $105,722,554 $1,502,943,217 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $1,194,583,011) — See accompanying schedule  $1,502,943,217 
Cash  
Receivable for investments sold  2,785,496 
Receivable for fund shares sold  3,497,948 
Receivable from affiliate for expense reductions  41,539 
Total assets  1,509,268,202 
Liabilities   
Payable for investments purchased $5,836,278  
Payable for fund shares redeemed 447,166  
Transfer agent fees payable 148,815  
Total liabilities  6,432,259 
Net Assets  $1,502,835,943 
Net Assets consist of:   
Paid in capital  $1,200,077,998 
Undistributed net investment income  3,205,803 
Accumulated undistributed net realized gain (loss) on investments  (8,808,064) 
Net unrealized appreciation (depreciation) on investments  308,360,206 
Net Assets  $1,502,835,943 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($636,731,160 ÷ 34,418,386 shares)  $18.50 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($866,104,783 ÷ 46,823,263 shares)  $18.50 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $3,912,087 
Expenses   
Transfer agent fees $827,828  
Independent trustees' fees and expenses 2,402  
Total expenses before reductions 830,230  
Expense reductions (233,023) 597,207 
Net investment income (loss)  3,314,880 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (1,910,610)  
Capital gain distributions from underlying funds 1,167,034  
Total net realized gain (loss)  (743,576) 
Change in net unrealized appreciation (depreciation) on underlying funds  105,722,554 
Net gain (loss)  104,978,978 
Net increase (decrease) in net assets resulting from operations  $108,293,858 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,314,880 $22,493,588 
Net realized gain (loss) (743,576) 2,288,720 
Change in net unrealized appreciation (depreciation) 105,722,554 126,545,528 
Net increase (decrease) in net assets resulting from operations 108,293,858 151,327,836 
Distributions to shareholders from net investment income (455,327) (22,369,375) 
Distributions to shareholders from net realized gain (3,399,891) (535,461) 
Total distributions (3,855,218) (22,904,836) 
Share transactions - net increase (decrease) 162,074,079 186,468,123 
Total increase (decrease) in net assets 266,512,719 314,891,123 
Net Assets   
Beginning of period 1,236,323,224 921,432,101 
End of period $1,502,835,943 $1,236,323,224 
Other Information   
Undistributed net investment income end of period $3,205,803 $346,250 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2050 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $17.14 $15.24 $16.01 $15.42 $13.51 $12.53 
Income from Investment Operations       
Net investment income (loss)A .04 .33 .28 .32 .26 .25 
Net realized and unrealized gain (loss) 1.37 1.91 (.74) .78 1.66 .95 
Total from investment operations 1.41 2.24 (.46) 1.10 1.92 1.20 
Distributions from net investment income (.01) (.33) (.30) (.50) (.01) (.21) 
Distributions from net realized gain (.05) (.01) B (.01) B (.01) 
Total distributions (.05)C (.34) (.31)D (.51) (.01) (.22) 
Net asset value, end of period $18.50 $17.14 $15.24 $16.01 $15.42 $13.51 
Total ReturnE,F 8.25% 14.82% (2.92)% 7.25% 14.21% 9.75% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .15%I .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .10% .08% .08% .08% .09% 
Expenses net of all reductions .12%I .10% .08% .08% .08% .09% 
Net investment income (loss) .46%I 2.06% 1.80% 2.02% 1.79% 2.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $636,731 $513,543 $486,444 $729,639 $521,672 $326,221 
Portfolio turnover rateH 7%I 19% 7% 10% 24% 8% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.05 per share is comprised of distributions from net investment income of $.005 and distributions from net realized gain of $.046 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.302 and distributions from net realized gain of $.003 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2050 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $17.14 $15.24 $16.37 
Income from Investment Operations    
Net investment income (loss)B .05 .34 .38 
Net realized and unrealized gain (loss) 1.36 1.91 (1.20) 
Total from investment operations 1.41 2.25 (.82) 
Distributions from net investment income (.01) (.34) (.30) 
Distributions from net realized gain (.05) (.01) C 
Total distributions (.05)D (.35) (.31)E 
Net asset value, end of period $18.50 $17.14 $15.24 
Total ReturnF,G 8.26% 14.88% (5.04)% 
Ratios to Average Net AssetsH,I    
Expenses before reductions .10%J .09% .05%J 
Expenses net of fee waivers, if any .07%J .05% .01%J 
Expenses net of all reductions .07%J .05% .01%J 
Net investment income (loss) .51%J 2.11% 3.40%J 
Supplemental Data    
Net assets, end of period (000 omitted) $866,105 $722,781 $434,989 
Portfolio turnover rateI 7%J 19% 7% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.05 per share is comprised of distributions from net investment income of $.007 and distributions from net realized gain of $.046 per share.

 E Total distributions of $.31 per share is comprised of distributions from net investment income of $.304 and distributions from net realized gain of $.003 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Amount does not include the portfolio activity of any Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 61.7 61.6 
Fidelity Series Global ex U.S. Index Fund 27.0 27.1 
Fidelity U.S. Bond Index Fund Class F 10.0 10.0 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.7% 
   Commodity Funds 1.3% 
   International Equity Funds 27.0% 
   Bond Funds 10.0% 


Six months ago 
   Domestic Equity Funds 61.6% 
   Commodity Funds 1.3% 
   International Equity Funds 27.1% 
   Bond Funds 10.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2055 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $252,972,893) 4,307,704 315,410,114 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $6,812,801) 681,143 6,906,791 
International Equity Funds - 27.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $118,944,437) 10,658,628 138,135,816 
Bond Funds - 10.0%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $51,119,161) 4,399,090 51,161,419 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $429,849,292)  511,614,140 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (37,363) 
NET ASSETS - 100%  $511,576,777 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $6,843,675 $30,492 $16,299 $(382) $93,990 $6,906,791 
Fidelity Series Commodity Strategy Fund  -- 18,478 18,478 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 5,232,629 583,902 5,683,255 -- (448,404) 315,128 -- 
Fidelity Series Global ex U.S. Index Fund 106,382,632 23,764,231 6,016,327 -- 338,462 13,666,818 138,135,816 
Fidelity Total Market Index Fund Class F 241,573,831 56,488,392 2,663,110 700,899 631 20,010,370 315,410,114 
Fidelity U.S. Bond Index Fund Class F 39,289,946 11,857,830 366,214 552,357 4,588 375,269 51,161,419 
Total $392,479,038 $99,556,508 $14,777,876 $1,269,555 $(105,105) $34,461,575 $511,614,140 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $429,849,292) — See accompanying schedule  $511,614,140 
Receivable for investments sold  739,746 
Receivable for fund shares sold  1,405,340 
Receivable from affiliate for expense reductions  14,071 
Total assets  513,773,297 
Liabilities   
Payable for investments purchased $2,027,690  
Payable for fund shares redeemed 117,395  
Transfer agent fees payable 51,435  
Total liabilities  2,196,520 
Net Assets  $511,576,777 
Net Assets consist of:   
Paid in capital  $430,611,066 
Undistributed net investment income  1,075,846 
Accumulated undistributed net realized gain (loss) on investments  (1,874,983) 
Net unrealized appreciation (depreciation) on investments  81,764,848 
Net Assets  $511,576,777 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($242,416,851 ÷ 16,586,330 shares)  $14.62 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($269,159,926 ÷ 18,402,654 shares)  $14.63 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $1,269,555 
Expenses   
Transfer agent fees $279,025  
Independent trustees' fees and expenses 784  
Total expenses before reductions 279,809  
Expense reductions (76,994) 202,815 
Net investment income (loss)  1,066,740 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares (105,105)  
Capital gain distributions from underlying funds 373,468  
Total net realized gain (loss)  268,363 
Change in net unrealized appreciation (depreciation) on underlying funds  34,461,575 
Net gain (loss)  34,729,938 
Net increase (decrease) in net assets resulting from operations  $35,796,678 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,066,740 $7,753,009 
Net realized gain (loss) 268,363 183,572 
Change in net unrealized appreciation (depreciation) 34,461,575 41,108,953 
Net increase (decrease) in net assets resulting from operations 35,796,678 49,045,534 
Distributions to shareholders from net investment income (62,616) (7,681,288) 
Distributions to shareholders from net realized gain (698,172) (531,576) 
Total distributions (760,788) (8,212,864) 
Share transactions - net increase (decrease) 84,091,408 66,070,779 
Total increase (decrease) in net assets 119,127,298 106,903,449 
Net Assets   
Beginning of period 392,449,479 285,546,030 
End of period $511,576,777 $392,449,479 
Other Information   
Undistributed net investment income end of period $1,075,846 $71,722 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2055 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,     
 2017 2017 2016 2015 2014 2013 
Selected Per–Share Data       
Net asset value, beginning of period $13.53 $12.06 $12.71 $12.07 $10.67 $9.86 
Income from Investment Operations       
Net investment income (loss)A .03 .28 .25 .26 .21 .21 
Net realized and unrealized gain (loss) 1.08 1.50 (.63) .62 1.36 .77 
Total from investment operations 1.11 1.78 (.38) .88 1.57 .98 
Distributions from net investment income B (.29) (.24)C (.24) (.17) (.16) 
Distributions from net realized gain (.02) (.02) (.01)C – B (.01) 
Tax return of capital – – (.02) – – – 
Total distributions (.02) (.31) (.27) (.24) (.17) (.17) 
Net asset value, end of period $14.62 $13.53 $12.06 $12.71 $12.07 $10.67 
Total ReturnD,E 8.24% 14.90% (2.96)% 7.27% 14.76% 10.05% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .15%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .10% .08% .08% .08% .09% 
Expenses net of all reductions .12%H .10% .08% .08% .08% .09% 
Net investment income (loss) .45%H 2.18% 2.03% 2.10% 1.82% 2.06% 
Supplemental Data       
Net assets, end of period (000 omitted) $242,417 $181,697 $150,332 $183,117 $88,084 $30,205 
Portfolio turnover rateG 7%H 33% 7% 8% 21% 19% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2055 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.54 $12.06 $13.00 
Income from Investment Operations    
Net investment income (loss)B .03 .28 .23 
Net realized and unrealized gain (loss) 1.09 1.51 (.89) 
Total from investment operations 1.12 1.79 (.66) 
Distributions from net investment income C (.29) (.25)D 
Distributions from net realized gain (.02) (.02) (.01)D 
Tax return of capital – – (.02) 
Total distributions (.03)E (.31) (.28) 
Net asset value, end of period $14.63 $13.54 $12.06 
Total ReturnF,G 8.25% 14.98% (5.11)% 
Ratios to Average Net AssetsH,I    
Expenses before reductions .10%J .09% .05%J 
Expenses net of fee waivers, if any .07%J .05% .01%J 
Expenses net of all reductions .07%J .05% .01%J 
Net investment income (loss) .50%J 2.23% 2.63%J 
Supplemental Data    
Net assets, end of period (000 omitted) $269,160 $210,752 $135,214 
Portfolio turnover rateI 7%J 33% 7% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 E Total distributions of $.03 per share is comprised of distributions from net investment income of $.003 and distributions from net realized gain of $.023 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Amount does not include the portfolio activity of any Underlying Funds.

 J Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Fidelity Total Market Index Fund Class F 61.7 61.6 
Fidelity Series Global ex U.S. Index Fund 27.0 27.1 
Fidelity U.S. Bond Index Fund Class F 10.0 10.0 
Fidelity Commodity Strategy Fund Class F 1.3 0.0 
Fidelity Series Commodity Strategy Fund Class F 0.0 1.3 
 100.0 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.7% 
   Commodity Funds 1.3% 
   International Equity Funds 27.0% 
   Bond Funds 10.0% 


Six months ago 
   Domestic Equity Funds 61.6% 
   Commodity Funds 1.3% 
   International Equity Funds 27.1% 
   Bond Funds 10.0% 


Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity Freedom® Index 2060 Fund

Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 61.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $56,839,163) 884,586 64,769,394 
Commodity Funds - 1.3%   
Fidelity Commodity Strategy Fund Class F (a)   
(Cost $1,399,135) 139,873 1,418,308 
International Equity Funds - 27.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $24,546,245) 2,188,747 28,366,158 
Bond Funds - 10.0%   
Fidelity U.S. Bond Index Fund Class F (a)   
(Cost $10,511,075) 903,352 10,505,989 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $93,295,618)  105,059,849 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (7,868) 
NET ASSETS - 100%  $105,051,981 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Commodity Strategy Fund Class F $-- $1,405,106 $5,886 $3,325 $(85) $19,173 $1,418,308 
Fidelity Series Commodity Strategy Fund -- 10,489 10,489 -- -- -- -- 
Fidelity Series Commodity Strategy Fund Class F 886,569 152,173 1,015,851 -- (7,963) (14,928) -- 
Fidelity Series Global ex U.S. Index Fund 18,024,136 8,466,576 716,511 -- 25,170 2,566,787 28,366,158 
Fidelity Total Market Index Fund Class F 40,929,514 20,843,122 836,087 119,522 (10,843) 3,843,688 64,769,394 
Fidelity U.S. Bond Index Fund Class F 6,656,264 3,907,761 121,512 103,432 1,023 62,453 10,505,989 
Total $66,496,483 $34,785,227 $2,706,336 $226,279 $7,302 $6,477,173 $105,059,849 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Index 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (cost $93,295,618) — See accompanying schedule  $105,059,849 
Cash  
Receivable for investments sold  97,546 
Receivable for fund shares sold  507,922 
Receivable from affiliate for expense reductions  2,854 
Total assets  105,668,172 
Liabilities   
Payable for investments purchased $474,388  
Payable for fund shares redeemed 131,084  
Transfer agent fees payable 10,719  
Total liabilities  616,191 
Net Assets  $105,051,981 
Net Assets consist of:   
Paid in capital  $93,434,777 
Undistributed net investment income  185,286 
Accumulated undistributed net realized gain (loss) on investments  (332,313) 
Net unrealized appreciation (depreciation) on investments  11,764,231 
Net Assets  $105,051,981 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($56,814,845 ÷ 4,774,417 shares)  $11.90 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($48,237,136 ÷ 4,052,313 shares)  $11.90 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2017 (Unaudited) 
Investment Income   
Income distributions from underlying funds  $226,279 
Expenses   
Transfer agent fees $53,988  
Independent trustees' fees and expenses 142  
Total expenses before reductions 54,130  
Expense reductions (14,443) 39,687 
Net investment income (loss)  186,592 
Realized and Unrealized Gain (Loss  
Realized gain (loss) on sale of underlying fund shares 7,302  
Capital gain distributions from underlying funds 63,686  
Total net realized gain (loss)  70,988 
Change in net unrealized appreciation (depreciation) on underlying funds  6,477,173 
Net gain (loss)  6,548,161 
Net increase (decrease) in net assets resulting from operations  $6,734,753 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2017 (Unaudited) Year ended March 31, 2017 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $186,592 $1,105,694 
Net realized gain (loss) 70,988 15,075 
Change in net unrealized appreciation (depreciation) 6,477,173 5,399,937 
Net increase (decrease) in net assets resulting from operations 6,734,753 6,520,706 
Distributions to shareholders from net investment income (25,089) (1,092,289) 
Distributions to shareholders from net realized gain (298,835) (118,789) 
Total distributions (323,924) (1,211,078) 
Share transactions - net increase (decrease) 32,149,803 34,659,327 
Total increase (decrease) in net assets 38,560,632 39,968,955 
Net Assets   
Beginning of period 66,491,349 26,522,394 
End of period $105,051,981 $66,491,349 
Other Information   
Undistributed net investment income end of period $185,286 $23,783 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Index 2060 Fund Investor Class

 Six months ended (Unaudited) September 30, Years ended March 31,   
 2017 2017 2016 2015 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.04 $9.85 $10.33 $10.00 
Income from Investment Operations     
Net investment income (loss)B .02 .25 .25 .09 
Net realized and unrealized gain (loss) .89 1.19 (.55) .40 
Total from investment operations .91 1.44 (.30) .49 
Distributions from net investment income C (.22) (.18) (.16) 
Distributions from net realized gain (.05) (.03) C C 
Total distributions (.05) (.25) (.18) (.16) 
Net asset value, end of period $11.90 $11.04 $9.85 $10.33 
Total ReturnD,E 8.26% 14.80% (2.94)% 4.90% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .15%H .15% .15% .15%H 
Expenses net of fee waivers, if any .12%H .11% .08% .09%H 
Expenses net of all reductions .12%H .11% .08% .09%H 
Net investment income (loss) .42%H 2.41% 2.57% 1.35%H 
Supplemental Data     
Net assets, end of period (000 omitted) $56,815 $38,013 $16,979 $3,660 
Portfolio turnover rateG 6%H 41% 8% 33%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Amount does not include the portfolio activity of any Underlying Funds.

 H Annualized


See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Index 2060 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years ended March 31,  
 2017 2017 2016 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.05 $9.85 $10.56 
Income from Investment Operations    
Net investment income (loss)B .03 .26 .13 
Net realized and unrealized gain (loss) .87 1.19 (.66) 
Total from investment operations .90 1.45 (.53) 
Distributions from net investment income (.01) (.22) (.18) 
Distributions from net realized gain (.05) (.03) C 
Total distributions (.05)D (.25) (.18) 
Net asset value, end of period $11.90 $11.05 $9.85 
Total ReturnE,F 8.18% 14.93% (5.05)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .10%I .09% .05%I 
Expenses net of fee waivers, if any .07%I .06% .01%I 
Expenses net of all reductions .07%I .06% .01%I 
Net investment income (loss) .47%I 2.47% 1.80%I 
Supplemental Data    
Net assets, end of period (000 omitted) $48,237 $28,478 $9,543 
Portfolio turnover rateH 6%I 41% 8% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.05 per share is comprised of distributions from net investment income of $.005 and distributions from net realized gain of $.046 per share.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Amount does not include the portfolio activity of any Underlying Funds.

 I Annualized


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2017

1. Organization.

Fidelity Freedom Index Income Fund, Fidelity Freedom Index 2005 Fund, Fidelity Freedom Index 2010 Fund, Fidelity Freedom Index 2015 Fund, Fidelity Freedom Index 2020 Fund, Fidelity Freedom Index 2025 Fund, Fidelity Freedom Index 2030 Fund, Fidelity Freedom Index 2035 Fund, Fidelity Freedom Index 2040 Fund, Fidelity Freedom Index 2045 Fund, Fidelity Freedom Index 2050 Fund, Fidelity Freedom Index 2055 Fund and Fidelity Freedom Index 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). Each Fund offers Investor Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class.

2. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds, capital loss carryforwards, losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Index Income Fund $252,504,842 $24,900,923 $(1,742,057) $23,158,866 
Fidelity Freedom Index 2005 Fund 86,819,552 12,443,177 (489,234) 11,953,943 
Fidelity Freedom Index 2010 Fund 426,848,975 92,233,898 (1,715,370) 90,518,528 
Fidelity Freedom Index 2015 Fund 904,799,055 215,459,606 (3,993,106) 211,466,500 
Fidelity Freedom Index 2020 Fund 3,004,935,394 647,854,537 (11,956,214) 635,898,323 
Fidelity Freedom Index 2025 Fund 2,611,403,216 552,580,723 (8,936,364) 543,644,359 
Fidelity Freedom Index 2030 Fund 3,136,638,029 795,299,210 (6,135,056) 789,164,154 
Fidelity Freedom Index 2035 Fund 1,940,686,080 535,278,728 (1,534,370) 533,744,358 
Fidelity Freedom Index 2040 Fund 2,131,297,601 622,641,349 (2,005,065) 620,636,284 
Fidelity Freedom Index 2045 Fund 1,284,938,860 331,462,307 (1,339,018) 330,123,289 
Fidelity Freedom Index 2050 Fund 1,200,840,560 303,536,986 (1,434,329) 302,102,657 
Fidelity Freedom Index 2055 Fund 431,478,330 80,469,403 (333,593) 80,135,810 
Fidelity Freedom Index 2060 Fund 93,654,791 11,490,195 (85,137) 11,405,058 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 Short-term Long-term Total no expiration Total capital loss carryforward 
Fidelity Freedom Index 2020 Fund $(1,472,105) $(3,768,990) $(5,241,095) $(5,241,095) 
Fidelity Freedom Index 2025 Fund (559,248) (2,114,326) (2,673,574) (2,673,574) 
Fidelity Freedom Index 2030 Fund (3,139,181) (1,542,143) (4,681,324) (4,681,324) 
Fidelity Freedom Index 2035 Fund (2,532,421) (163,181) (2,695,602) (2,695,602) 
Fidelity Freedom Index 2040 Fund (747,673) -– (747,673) (747,673) 

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares are noted in the table below.

 Purchases ($) Redemptions ($) 
Fidelity Freedom Index Income Fund 29,285,867 24,253,004 
Fidelity Freedom Index 2005 Fund 16,491,085 11,505,301 
Fidelity Freedom Index 2010 Fund 60,404,373 54,089,076 
Fidelity Freedom Index 2015 Fund 118,289,421 88,782,904 
Fidelity Freedom Index 2020 Fund 344,155,295 170,812,400 
Fidelity Freedom Index 2025 Fund 428,642,237 121,467,181 
Fidelity Freedom Index 2030 Fund 481,791,236 157,354,897 
Fidelity Freedom Index 2035 Fund 332,306,063 94,332,863 
Fidelity Freedom Index 2040 Fund 315,014,408 93,818,395 
Fidelity Freedom Index 2045 Fund 226,191,812 50,478,981 
Fidelity Freedom Index 2050 Fund 211,064,913 48,345,782 
Fidelity Freedom Index 2055 Fund 99,556,508 14,777,876 
Fidelity Freedom Index 2060 Fund 34,785,227 2,706,336 

4. Fees and Other Transactions with Affiliates.

Management Fee. FMR Co., Inc. (the investment adviser), an affiliate of FMR, provides the Funds with investment management related services. The Funds do not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding transfer agent fees, compensation of the independent Trustees and certain other expenses such as interest expense. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc., (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives an asset-based fee of .15% and .10% of class-level average net assets for each Investor Class and Institutional Premium Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, transfer agent fees for each applicable class were as follows:

 Amount 
Fidelity Freedom Index Income Fund  
Investor Class $90,940 
Institutional Premium Class 72,647 
 $163,587 
Fidelity Freedom Index 2005 Fund  
Investor Class $34,798 
Institutional Premium Class 24,312 
 $59,110 
Fidelity Freedom Index 2010 Fund  
Investor Class $160,445 
Institutional Premium Class 144,646 
 $305,091 
Fidelity Freedom Index 2015 Fund  
Investor Class $411,777 
Institutional Premium Class 261,597 
 $673,374 
Fidelity Freedom Index 2020 Fund  
Investor Class $1,052,095 
Institutional Premium Class 1,025,630 
 $2,077,725 
Fidelity Freedom Index 2025 Fund  
Investor Class $1,027,572 
Institutional Premium Class 771,829 
 $1,799,401 
Fidelity Freedom Index 2030 Fund  
Investor Class $1,111,028 
Institutional Premium Class 1,074,188 
 $2,185,216 
Fidelity Freedom Index 2035 Fund  
Investor Class $787,665 
Institutional Premium Class 603,264 
 $1,390,929 
Fidelity Freedom Index 2040 Fund  
Investor Class $751,890 
Institutional Premium Class 765,094 
 $1,516,984 
Fidelity Freedom Index 2045 Fund  
Investor Class $498,822 
Institutional Premium Class 401,964 
 $900,786 
Fidelity Freedom Index 2050 Fund  
Investor Class $437,121 
Institutional Premium Class 390,707 
 $827,828 
Fidelity Freedom Index 2055 Fund  
Investor Class $160,972 
Institutional Premium Class 118,053 
 $279,025 
Fidelity Freedom Index 2060 Fund  
Investor Class $35,097 
Institutional Premium Class 18,891 
 $53,988 

5. Expense Reductions.

FMR contractually agreed to reimburse funds to the extent annual operating expenses, including acquired fund fees and expenses, exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, are excluded from this reimbursement.

The following classes of each applicable Fund were in reimbursement during the period:

 Expense
Limitations 
Reimbursement 
Fidelity Freedom Index Income Fund   
Investor Class .15% $22,918 
Institutional Premium Class .10% 27,627 
Fidelity Freedom Index 2005 Fund   
Investor Class .15% $8,458 
Institutional Premium Class .10% 8,923 
Fidelity Freedom Index 2010 Fund   
Investor Class .15% $38,336 
Institutional Premium Class .10% 52,212 
Fidelity Freedom Index 2015 Fund   
Investor Class .15% $96,684 
Institutional Premium Class .10% 92,795 
Fidelity Freedom Index 2020 Fund   
Investor Class .15% $244,906 
Institutional Premium Class .10% 359,445 
Fidelity Freedom Index 2025 Fund   
Investor Class .15% $237,482 
Institutional Premium Class .10% 268,265 
Fidelity Freedom Index 2030 Fund   
Investor Class .15% $252,217 
Institutional Premium Class .10% 365,831 
Fidelity Freedom Index 2035 Fund   
Investor Class .15% $179,248 
Institutional Premium Class .10% 205,931 
Fidelity Freedom Index 2040 Fund   
Investor Class .15% $171,252 
Institutional Premium Class .10% 261,391 
Fidelity Freedom Index 2045 Fund   
Investor Class .15% $113,613 
Institutional Premium Class .10% 137,330 
Fidelity Freedom Index 2050 Fund   
Investor Class .15% $99,551 
Institutional Premium Class .10% 133,472 
Fidelity Freedom Index 2055 Fund   
Investor Class .15% $36,663 
Institutional Premium Class .10% 40,331 
Fidelity Freedom Index 2060 Fund   
Investor Class .15% $7,992 
Institutional Premium Class .10% 6,451 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2017 
Year ended March 31, 2017 
Fidelity Freedom Index Income Fund   
From net investment income   
Investor Class $758,352 $1,996,456 
Institutional Premium Class 936,771 1,912,305 
Total $1,695,123 $3,908,761 
From net realized gain   
Investor Class $263,153 $150,766 
Institutional Premium Class 319,225 139,892 
Total $582,378 $290,658 
Fidelity Freedom Index 2005 Fund   
From net investment income   
Investor Class $103,148 $800,634 
Institutional Premium Class 116,244 579,982 
Total $219,392 $1,380,616 
From net realized gain   
Investor Class $165,037 $129,727 
Institutional Premium Class 174,365 87,449 
Total $339,402 $217,176 
Fidelity Freedom Index 2010 Fund   
From net investment income   
Investor Class $416,456 $3,539,796 
Institutional Premium Class 617,172 4,358,767 
Total $1,033,628 $7,898,563 
From net realized gain   
Investor Class $1,740,191 $381,528 
Institutional Premium Class 2,406,969 459,838 
Total $4,147,160 $841,366 
Fidelity Freedom Index 2015 Fund   
From net investment income   
Investor Class $920,540 $9,172,905 
Institutional Premium Class 977,256 7,945,031 
Total $1,897,796 $17,117,936 
From net realized gain   
Investor Class $773,254 $458,047 
Institutional Premium Class 760,088 389,622 
Total $1,533,342 $847,669 
Fidelity Freedom Index 2020 Fund   
From net investment income   
Investor Class $2,167,563 $23,304,370 
Institutional Premium Class 3,500,997 31,669,417 
Total $5,668,560 $54,973,787 
From net realized gain   
Investor Class $451,575 $548,816 
Institutional Premium Class 673,269 737,547 
Total $1,124,844 $1,286,363 
Fidelity Freedom Index 2025 Fund   
From net investment income   
Investor Class $2,050,807 $21,703,699 
Institutional Premium Class 2,556,664 22,762,696 
Total $4,607,471 $44,466,395 
From net realized gain   
Investor Class $– $559,008 
Institutional Premium Class – 579,835 
Total $– $1,138,843 
Fidelity Freedom Index 2030 Fund   
From net investment income   
Investor Class $1,452,732 $24,373,531 
Institutional Premium Class 2,412,354 33,496,158 
Total $3,865,086 $57,869,689 
From net realized gain   
Investor Class $– $586,826 
Institutional Premium Class – 796,704 
Total $– $1,383,530 
Fidelity Freedom Index 2035 Fund   
From net investment income   
Investor Class $287,882 $16,961,113 
Institutional Premium Class 477,001 17,946,279 
Total $764,883 $34,907,392 
From net realized gain   
Investor Class $– $449,097 
Institutional Premium Class – 464,840 
Total $– $913,937 
Fidelity Freedom Index 2040 Fund   
From net investment income   
Investor Class $274,586 $17,080,737 
Institutional Premium Class 601,955 23,681,188 
Total $876,541 $40,761,925 
From net realized gain   
Investor Class $– $442,955 
Institutional Premium Class – 598,978 
Total $– $1,041,933 
Fidelity Freedom Index 2045 Fund   
From net investment income   
Investor Class $212,817 $10,737,036 
Institutional Premium Class 399,838 11,987,153 
Total $612,655 $22,724,189 
From net realized gain   
Investor Class $496,574 $274,255 
Institutional Premium Class 621,970 299,778 
Total $1,118,544 $574,033 
Fidelity Freedom Index 2050 Fund   
From net investment income   
Investor Class $155,119 $10,303,125 
Institutional Premium Class 300,208 12,066,250 
Total $455,327 $22,369,375 
From net realized gain   
Investor Class $1,427,094 $249,625 
Institutional Premium Class 1,972,797 285,836 
Total $3,399,891 $535,461 
Fidelity Freedom Index 2055 Fund   
From net investment income   
Investor Class $14,225 $4,034,106 
Institutional Premium Class 48,391 3,647,182 
Total $62,616 $7,681,288 
From net realized gain   
Investor Class $327,173 $279,176 
Institutional Premium Class 370,999 252,400 
Total $698,172 $531,576 
Fidelity Freedom Index 2060 Fund   
From net investment income   
Investor Class $11,091 $684,030 
Institutional Premium Class 13,998 408,259 
Total $25,089 $1,092,289 
From net realized gain   
Investor Class $170,057 $74,457 
Institutional Premium Class 128,778 44,332 
Total $298,835 $118,789 

7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2017 Year ended March 31, 2017 Six months ended September 30, 2017 Year ended March 31, 2017 
Fidelity Freedom Index Income Fund     
Investor Class     
Shares sold 2,096,081 5,472,439 $24,658,640 $62,923,368 
Reinvestment of distributions 86,970 187,085 1,018,054 2,141,584 
Shares redeemed (1,990,028) (7,843,160) (23,410,477) (90,256,439) 
Net increase (decrease) 193,023 (2,183,636) $2,266,217 $(25,191,487) 
Institutional Premium Class     
Shares sold 1,441,206 6,690,874 $16,985,888 $77,016,245 
Reinvestment of distributions 107,410 179,461 1,255,996 2,052,197 
Shares redeemed (1,275,488) (3,894,583) (14,966,153) (44,742,422) 
Net increase (decrease) 273,128 2,975,752 $3,275,731 $34,326,020 
Fidelity Freedom Index 2005 Fund     
Investor Class     
Shares sold 894,626 2,190,698 $11,756,806 $27,882,045 
Reinvestment of distributions 20,146 73,921 261,701 929,123 
Shares redeemed (692,308) (2,962,530) (9,112,247) (37,691,161) 
Net increase (decrease) 222,464 (697,911) $2,906,260 $(8,879,993) 
Institutional Premium Class     
Shares sold 517,810 2,238,959 $6,800,271 $28,439,054 
Reinvestment of distributions 22,372 53,090 290,609 667,432 
Shares redeemed (385,073) (983,046) (5,049,550) (12,517,185) 
Net increase (decrease) 155,109 1,309,003 $2,041,330 $16,589,301 
Fidelity Freedom Index 2010 Fund     
Investor Class     
Shares sold 3,369,606 7,044,713 $46,954,974 $94,453,179 
Reinvestment of distributions 155,900 293,703 2,140,501 3,896,835 
Shares redeemed (2,986,711) (10,201,235) (41,633,534) (136,513,971) 
Net increase (decrease) 538,795 (2,862,819) $7,461,941 $(38,163,957) 
Institutional Premium Class     
Shares sold 2,226,785 10,130,533 $31,055,681 $135,912,974 
Reinvestment of distributions 220,258 363,122 3,024,141 4,818,606 
Shares redeemed (2,374,725) (6,171,750) (33,060,297) (82,816,566) 
Net increase (decrease) 72,318 4,321,905 $1,019,525 $57,915,014 
Fidelity Freedom Index 2015 Fund     
Investor Class     
Shares sold 7,991,771 20,281,438 $115,455,491 $277,791,984 
Reinvestment of distributions 118,525 708,213 1,688,980 9,602,506 
Shares redeemed (5,782,192) (28,106,744) (83,566,844) (383,161,067) 
Net increase (decrease) 2,328,104 (7,117,093) $33,577,627 $(95,766,577) 
Institutional Premium Class     
Shares sold 4,258,184 22,597,464 $61,748,194 $308,371,275 
Reinvestment of distributions 122,004 615,010 1,737,344 8,334,653 
Shares redeemed (4,864,092) (11,278,377) (70,155,688) (154,561,605) 
Net increase (decrease) (483,904) 11,934,097 $(6,670,150) $162,144,323 
Fidelity Freedom Index 2020 Fund     
Investor Class     
Shares sold 20,894,093 48,184,580 $315,756,272 $684,334,259 
Reinvestment of distributions 175,577 1,689,840 2,612,579 23,794,452 
Shares redeemed (13,825,835) (65,056,684) (209,574,867) (921,238,562) 
Net increase (decrease) 7,243,835 (15,182,264) $108,793,984 $(213,109,851) 
Institutional Premium Class     
Shares sold 16,350,823 72,790,691 $247,856,695 $1,033,200,767 
Reinvestment of distributions 280,717 2,301,705 4,174,266 32,406,964 
Shares redeemed (13,220,814) (30,981,726) (199,378,854) (440,777,839) 
Net increase (decrease) 3,410,726 44,110,670 $52,652,107 $624,829,892 
Fidelity Freedom Index 2025 Fund     
Investor Class     
Shares sold 22,100,516 47,899,972 $352,919,226 $713,989,396 
Reinvestment of distributions 130,161 1,500,969 2,044,823 22,204,638 
Shares redeemed (11,451,060) (52,865,951) (183,735,162) (785,434,560) 
Net increase (decrease) 10,779,617 (3,465,010) $171,228,887 $(49,240,526) 
Institutional Premium Class     
Shares sold 13,541,585 57,782,802 $216,976,346 $860,307,689 
Reinvestment of distributions 162,741 1,577,133 2,556,664 23,342,531 
Shares redeemed (5,897,470) (20,950,024) (94,008,768) (313,105,017) 
Net increase (decrease) 7,806,856 38,409,911 $125,524,242 $570,545,203 
Fidelity Freedom Index 2030 Fund     
Investor Class     
Shares sold 20,028,218 43,438,337 $333,239,163 $663,932,133 
Reinvestment of distributions 88,772 1,637,451 1,449,639 24,932,874 
Shares redeemed (10,403,175) (52,837,210) (174,121,755) (804,287,378) 
Net increase (decrease) 9,713,815 (7,761,422) $160,567,047 $(115,422,371) 
Institutional Premium Class     
Shares sold 15,988,780 67,039,636 $266,945,936 $1,023,375,003 
Reinvestment of distributions 147,725 2,250,610 2,412,354 34,292,862 
Shares redeemed (7,095,677) (23,646,239) (117,663,930) (362,380,632) 
Net increase (decrease) 9,040,828 45,644,007 $151,694,360 $695,287,233 
Fidelity Freedom Index 2035 Fund     
Investor Class     
Shares sold 15,436,230 32,192,805 $269,618,456 $509,968,092 
Reinvestment of distributions 16,812 1,097,492 287,651 17,404,289 
Shares redeemed (8,097,240) (36,592,133) (142,286,620) (576,710,358) 
Net increase (decrease) 7,355,802 (3,301,836) $127,619,487 $(49,337,977) 
Institutional Premium Class     
Shares sold 10,057,828 42,250,153 $176,400,001 $669,214,474 
Reinvestment of distributions 27,878 1,160,877 477,001 18,411,119 
Shares redeemed (4,223,247) (15,095,201) (73,467,413) (240,553,734) 
Net increase (decrease) 5,862,459 28,315,829 $103,409,589 $447,071,859 
Fidelity Freedom Index 2040 Fund     
Investor Class     
Shares sold 13,303,428 28,011,605 $233,810,115 $446,188,819 
Reinvestment of distributions 15,941 1,098,018 274,349 17,510,598 
Shares redeemed (7,471,453) (36,550,390) (132,249,257) (580,780,859) 
Net increase (decrease) 5,847,916 (7,440,767) $101,835,207 $(117,081,442) 
Institutional Premium Class     
Shares sold 11,800,319 46,190,070 $207,900,213 $736,375,615 
Reinvestment of distributions 34,977 1,522,393 601,955 24,280,166 
Shares redeemed (5,535,322) (17,915,369) (96,744,576) (287,385,757) 
Net increase (decrease) 6,299,974 29,797,094 $111,757,592 $473,270,024 
Fidelity Freedom Index 2045 Fund     
Investor Class     
Shares sold 9,625,879 19,823,893 $170,203,032 $318,309,717 
Reinvestment of distributions 40,875 684,398 708,770 11,004,293 
Shares redeemed (4,560,042) (22,097,306) (81,298,849) (353,621,090) 
Net increase (decrease) 5,106,712 (1,589,015) $89,612,953 $(24,307,080) 
Institutional Premium Class     
Shares sold 7,564,691 28,805,992 $134,246,705 $463,076,219 
Reinvestment of distributions 58,928 763,636 1,021,808 12,286,931 
Shares redeemed (2,963,261) (11,498,796) (52,268,154) (186,640,457) 
Net increase (decrease) 4,660,358 18,070,832 $83,000,359 $288,722,693 
Fidelity Freedom Index 2050 Fund     
Investor Class     
Shares sold 8,329,322 16,965,670 $147,959,683 $274,430,496 
Reinvestment of distributions 90,783 651,541 1,581,440 10,548,360 
Shares redeemed (3,955,120) (19,584,212) (70,739,000) (317,715,407) 
Net increase (decrease) 4,464,985 (1,967,001) $78,802,123 $(32,736,551) 
Institutional Premium Class     
Shares sold 7,863,233 25,993,636 $140,148,672 $422,025,557 
Reinvestment of distributions 130,483 763,479 2,273,005 12,352,086 
Shares redeemed (3,339,870) (13,138,476) (59,149,721) (215,172,969) 
Net increase (decrease) 4,653,846 13,618,639 $83,271,956 $219,204,674 
Fidelity Freedom Index 2055 Fund     
Investor Class     
Shares sold 5,117,303 10,050,705 $71,837,578 $128,609,967 
Reinvestment of distributions 24,803 337,208 341,290 4,312,895 
Shares redeemed (1,986,123) (9,419,162) (28,064,612) (121,876,765) 
Net increase (decrease) 3,155,983 968,751 $44,114,256 $11,046,097 
Institutional Premium Class     
Shares sold 4,303,044 13,277,567 $60,528,632 $171,166,863 
Reinvestment of distributions 30,457 304,655 419,390 3,899,582 
Shares redeemed (1,498,534) (9,222,050) (20,970,870) (120,041,763) 
Net increase (decrease) 2,834,967 4,360,172 $39,977,152 $55,024,682 
Fidelity Freedom Index 2060 Fund     
Investor Class     
Shares sold 1,883,657 3,577,814 $21,556,207 $37,554,524 
Reinvestment of distributions 16,145 72,853 180,980 757,969 
Shares redeemed (567,384) (1,932,826) (6,477,398) (20,536,667) 
Net increase (decrease) 1,332,418 1,717,841 $15,259,789 $17,775,826 
Institutional Premium Class     
Shares sold 1,815,443 3,458,757 $20,789,742 $36,471,799 
Reinvestment of distributions 12,736 43,510 142,776 452,591 
Shares redeemed (353,753) (1,893,435) (4,042,504) (20,040,889) 
Net increase (decrease) 1,474,426 1,608,832 $16,890,014 $16,883,501 

8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Freedom Index 2020 Fund Fidelity Freedom Index 2025 Fund Fidelity Freedom Index 2030 Fund Fidelity Freedom Index 2035 Fund Fidelity Freedom Index 2040 Fund 
Fidelity Series Global ex U.S. Index Fund 13% 13% 19%  14% 15% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Commodity Strategy Fund 40% 
Fidelity Series Global ex U.S. Index Fund 100% 
Fidelity Total Market Index Fund 24% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2017 to September 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
April 1, 2017 
Ending
Account Value
September 30, 2017 
Expenses Paid
During Period-B
April 1, 2017
to September 30, 2017 
Fidelity Freedom Index Income Fund     
Investor Class .11%    
Actual  $1,000.00 $1,030.30 $.56 
Hypothetical-C  $1,000.00 $1,024.52 $.56 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,030.50 $.31 
Hypothetical-C  $1,000.00 $1,024.77 $.30 
Fidelity Freedom Index 2005 Fund     
Investor Class .11%    
Actual  $1,000.00 $1,038.70 $.56 
Hypothetical-C  $1,000.00 $1,024.52 $.56 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,038.80 $.31 
Hypothetical-C  $1,000.00 $1,024.77 $.30 
Fidelity Freedom Index 2010 Fund     
Investor Class .11%    
Actual  $1,000.00 $1,045.90 $.56 
Hypothetical-C  $1,000.00 $1,024.52 $.56 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,046.00 $.31 
Hypothetical-C  $1,000.00 $1,024.77 $.30 
Fidelity Freedom Index 2015 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,053.00 $.62 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,053.90 $.31 
Hypothetical-C  $1,000.00 $1,024.77 $.30 
Fidelity Freedom Index 2020 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,058.50 $.62 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,058.00 $.36 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2025 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,063.00 $.62 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,063.10 $.36 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2030 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,073.30 $.62 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,073.40 $.36 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2035 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,081.30 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,081.40 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2040 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,082.00 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,082.70 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2045 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,081.60 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,082.40 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2050 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,082.50 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,082.60 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2055 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,082.40 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,082.50 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 
Fidelity Freedom Index 2060 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,082.60 $.63 
Hypothetical-C  $1,000.00 $1,024.47 $.61 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,081.80 $.37 
Hypothetical-C  $1,000.00 $1,024.72 $.36 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Fund's annualized expense ratio.

 C 5% return per year before expenses


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement between FMRC and FMR for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts and administration agreements throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract and administration agreement, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract and administration agreement. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts and administration agreements. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2017 meeting, the Board unanimously determined to renew each fund's Advisory Contract and administration agreement. In reaching its determination, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the fact that no fees are payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. In reaching its determination, the Board was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain lower-priced share classes; (vi) reducing management fees and total expenses for certain growth equity funds and index funds; (vii) lowering expense caps for certain existing funds and classes to reduce expenses borne by shareholders; (viii) eliminating short-term redemption fees for certain funds; (ix) introducing a new pricing structure for certain funds of funds that is expected to reduce overall expenses paid by shareholders; (x) rationalizing product lines and gaining increased efficiencies through proposals for fund mergers and share class consolidations; (xi) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xii) implementing enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with representatives of the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Freedom Index® 2060 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board noted that the funds do not pay FMRC a management fee for investment advisory services, and that each fund bears indirectly the fees and expenses, including the management fees, paid by the underlying Fidelity funds in which it invests. The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board considered two proprietary management fee comparisons for the 12-month (or shorter) periods shown in basis points (BP) in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s and the number of funds in the Total Mapped Group are in the charts below. The Board also noted that over the past few years, Fidelity has been developing and refining the competitive methodology for the funds to provide a more meaningful competitive comparison. As a result, beginning with the 2014 competitive results, instead of including all funds in one competitive mapped group that includes all funds-of-funds, Fidelity introduced three new Total Mapped Groups that consist of target retirement funds. The Board noted that Fidelity believes that the new Total Mapped Groups provide more meaningful competitive comparisons for the funds because they include target date funds, regardless of whether the fund is a fund of funds. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and considered by the Board.

Freedom Index 2005 Fund


Freedom Index 2010 Fund


Freedom Index 2015 Fund


Freedom Index 2020 Fund


Freedom Index 2025 Fund


Freedom Index 2030 Fund


Freedom Index 2035 Fund


Freedom Index 2040 Fund


Freedom Index 2045 Fund


Freedom Index 2050 Fund


Freedom Index 2055 Fund


Freedom Index 2060 Fund


Freedom Index Income Fund


The Board noted that each fund's management fee rate of 0.00% ranked below the median of its Total Mapped Group and below the median of its ASPG for 2016. The Board further noted that many peer funds pay fund-level expenses, including management fees, to which the funds are not subject.

The Board noted that it and the boards of other Fidelity funds formed an ad hoc Committee on Group Fee, which meets periodically, to conduct an in-depth review of the "group fee" component of the management fee of funds with such management fee structures. The Committee's focus included the mechanics of the group fee, the competitive landscape of group fee structures, Fidelity funds with no group fee component (such as the funds) and investment products not included in group fee assets. The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted from certain funds to certain collective investment trusts.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered that the funds pay transfer agent fees. The Board further noted that FMR pays all other expenses of each fund, with limited exceptions, pursuant to the administration agreement between FMRC and FMR with respect to each fund.

The Board noted that the total expense ratio of each class of each fund ranked below the competitive median for 2016.

In considering the total expense ratio of each class of each fund, the Board also considered an alternative competitive analysis that included both top level (i.e., direct) fund fees and acquired fund fees and expenses for the class and the other funds and classes to which it is compared. The Board noted that, under this alternative competitive analysis, the total expense ratio of each class of each fund ranked below the competitive median for 2016.

The Board further considered that FMR has contractually agreed to reimburse Investor Class and Institutional Premium Class of each fund to the extent that total operating expenses (including acquired fund fees and expenses, but excluding interest, certain taxes, certain securities lending costs, brokerage commissions, fees and expenses of the Independent Trustees, and extraordinary expenses, if any, incurred by the fund or an acquired fund in which the fund invests), as a percentage of their respective average net assets, exceed 0.15% and 0.10% through May 31, 2019.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that an ad hoc joint committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund were not relevant to the renewal of each fund's Advisory Contract because the funds do not pay management fees and FMR pays all other expenses of each fund, with limited exceptions.

Economies of Scale.  The Board concluded that because the funds do not pay management fees and FMR pays all other expenses of each fund, with limited exceptions, economies of scale cannot be realized by the funds, but may be realized by the other Fidelity funds in which each fund invests.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) the terms of Fidelity's contractual and voluntary expense cap and waiver arrangements with the funds; (vi) the methodology with respect to competitive fund data and peer group classifications; (vii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (viii) Fidelity's long-term expectations for its offerings in the workplace investing channel; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the approach to considering "fall-out" benefits; (xi) the impact of money market reform on Fidelity's money market funds, including with respect to costs and profitability; (xii) the funds' share class structures and distribution channels, including the impact of the Department of Labor's new fiduciary rule on the funds' distribution arrangements; and (xiii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contract should be renewed.





Fidelity Investments

FRX-SANN-1117
1.899267.107


Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 10.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Aberdeen Street Trust

s Board of Trustees.




Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Aberdeen Street Trust

s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.




(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.



Item 12.

Exhibits


(a)

(1)

Not applicable.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)

 

Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Aberdeen Street Trust






By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

November 29, 2017


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

November 29, 2017



 

By:

/s/Howard J. Galligan III

 

Howard J. Galligan III

 

Chief Financial Officer

 

 

Date:

November 29, 2017