N-CSR 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, Massachusetts  02210

 (Address of principal executive offices)       (Zip code)


William C. Coffey, 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:

March 31, 2019


Item 1.

Reports to Stockholders






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
















Annual Report

March 31, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Performance

Management's Discussion of Fund Performance

Fidelity Freedom® Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions


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 if you’re an individual investing directly with Fidelity, call 1-800-835-5092 if you’re a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you’re an advisor or invest through one 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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® Income Fund 3.08% 3.57% 5.68% 
Class K 3.04% 3.57% 5.68% 
Class K6 3.16% 3.59% 5.70% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® Income Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® Income Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Income Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$17,383Fidelity Freedom® Income Fund

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® 2005 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2005 Fund 3.03% 4.27% 7.70% 
Class K 3.00% 4.28% 7.71% 
Class K6 3.15% 4.32% 7.72% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2005 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2005 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2005 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$21,000Fidelity Freedom® 2005 Fund

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® 2010 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2010 Fund 2.89% 4.81% 8.65% 
Class K 2.95% 4.84% 8.67% 
Class K6 2.96% 4.85% 8.67% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2010 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2010 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2010 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$22,924Fidelity Freedom® 2010 Fund

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® 2015 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2015 Fund 2.74% 5.32% 9.12% 
Class K 2.80% 5.34% 9.13% 
Class K6 2.87% 5.37% 9.15% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2015 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2015 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2015 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index and S&P 500 Index performed over the same period.


Period Ending Values

$23,935Fidelity Freedom® 2015 Fund

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

$43,809S&P 500® Index

Going forward, the fund’s performance will be compared to the Bloomberg Barclays U.S. Aggregate Bond Index, rather than the S&P 500® Index. The Bloomberg Barclays U.S. Aggregate Bond Index more closely represents the fund’s investment strategy, as fixed-income and short-term funds currently represent the majority of the fund’s assets.



Fidelity Freedom® 2020 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2020 Fund 2.66% 5.65% 9.96% 
Class K 2.73% 5.68% 9.97% 
Class K6 2.80% 5.71% 9.99% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2020 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2020 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2020 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$25,838Fidelity Freedom® 2020 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2025 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2025 Fund 2.53% 5.96% 10.66% 
Class K 2.61% 5.99% 10.67% 
Class K6 2.73% 6.05% 10.70% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2025 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2025 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2025 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$27,533Fidelity Freedom® 2025 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2030 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2030 Fund 2.32% 6.65% 11.36% 
Class K 2.40% 6.68% 11.37% 
Class K6 2.57% 6.74% 11.41% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2030 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2030 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2030 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$29,318Fidelity Freedom® 2030 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2035 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2035 Fund 1.85% 7.05% 11.87% 
Class K 1.95% 7.09% 11.88% 
Class K6 2.10% 7.15% 11.92% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2035 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2035 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2035 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$30,688Fidelity Freedom® 2035 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2040 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2040 Fund 1.79% 7.07% 12.01% 
Class K 1.87% 7.11% 12.04% 
Class K6 2.06% 7.16% 12.06% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2040 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2040 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2040 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$31,097Fidelity Freedom® 2040 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2045 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2045 Fund 1.72% 7.06% 12.11% 
Class K 1.83% 7.11% 12.14% 
Class K6 1.95% 7.16% 12.16% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2045 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2045 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2045 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$31,367Fidelity Freedom® 2045 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2050 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Fidelity Freedom® 2050 Fund 1.73% 7.07% 12.23% 
Class K 1.82% 7.10% 12.25% 
Class K6 1.96% 7.15% 12.27% 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2050 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2050 Fund, the original class of the fund. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2050 Fund, a class of the fund, on March 31, 2009.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$31,710Fidelity Freedom® 2050 Fund

$43,809S&P 500® Index

Fidelity Freedom® 2055 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Past 5 years Life of FundA 
Fidelity Freedom® 2055 Fund 1.73% 7.07% 7.85% 
Class K 1.84% 7.12% 7.88% 
Class K6 1.97% 7.17% 7.91% 

 A From June 1, 2011

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2055 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2055 Fund, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2055 Fund, a class of the fund, on June 1, 2011, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$18,076Fidelity Freedom® 2055 Fund

$25,424S&P 500® Index

Fidelity Freedom® 2060 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Freedom® 2060 Fund 1.78% 7.22% 
Class K 1.80% 7.25% 
Class K6 2.05% 7.33% 

 A From August 5, 2014

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

 The initial offering of Class K shares took place on July 20, 2017. Returns prior to July 20, 2017 are those of Fidelity Freedom® 2060 Fund, the original class of the fund. 

 The initial offering of Class K6 shares took place on June 7, 2017. Returns prior to June 7, 2017 are those of Fidelity Freedom® 2060 Fund, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® 2060 Fund, a class of the fund, on August 5, 2014, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$13,835Fidelity Freedom® 2060 Fund

$16,256S&P 500® Index

Management's Discussion of Fund Performance

Market Recap:  The global economy remained in expansion for the 12 months ending March 31, 2019, but growth was less synchronous and uneven. Many major economies progressed toward more-advanced stages of the business cycle. Financial markets responded favorably to the U.S. Federal Reserve’s shift away from its monetary tightening bias in the first quarter of 2019. Most economic indicators remained tepid, although China displayed some initial signs of stabilizing activity, and stepped up the pace of fiscal and monetary stimulus in the first quarter.Against this backdrop, the MSCI World ex USA Index of non-U.S. equity markets returned -2.91% for the year. Much of the negative impact came in the volatile fourth quarter of 2018, when the index returned -13%, followed by a sharp rebound to begin 2019. Among regions in the index, stocks in resource-rich Canada gained 4%, benefiting from rising crude-oil prices early and late in the period, while Asia Pacific ex Japan (+4%) was aided by stabilizing returns in Hong Kong, which rose 8%. Conversely, stocks in Japan (-8%), emerging markets (0%) and Europe ex U.K. (-4%) lagged. Results at home were markedly better. The U.S. equity bellwether S&P 500® index rose 9.50%. Nine of 11 sectors in the S&P 500® had a positive return. Three defensive sectors stood out: real estate (+21%), utilities (+19%) and health care (+15%). Conversely, some economically sensitive sectors struggled, with financials (-5%) faring worst. The small-cap-oriented Russell 2000® Index gained 2.05% for the 12 months. Commodities also lagged, as evidenced by the -5.25% result of the Bloomberg Barclays Commodity Index Total Return.U.S. investment-grade bonds gained 4.48%, according to the Bloomberg Barclays U.S. Aggregate Bond Index, largely driven by surging returns for credit-sensitive sectors. U.S. corporate bonds increased 4.89%, according to the Bloomberg Barclays Credit Bond Index. Elsewhere, securitized sectors fared well, led by commercial mortgage-backed securities (+5.43%). Agency bonds and Treasury Inflation-Protected Securities (TIPS) lagged, as measured by the 3.73% return of the Bloomberg Barclays U.S. Agency Bond Index and the 2.70% advance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index (Series-L), respectively.

Comments from Co-Portfolio Managers Andrew Dierdorf and Brett Sumsion:  For the fiscal year ending March 31, 2019, shares of each Fidelity Freedom® Fund posted a gain, ranging from 3.08% for Fidelity Freedom Income Fund to 1.72% for Fidelity Freedom 2045 Fund. Each Fund lagged its respective Composite index by roughly 1 to 3 percentage points. Both underlying investment performance and top-down active asset allocation were responsible for the Funds' underperformance of Composites. In terms of investment performance, returns among underlying U.S. equity funds detracted, especially an investment in Fidelity Series Intrinsic Opportunities Fund, which trailed its benchmark, the Russell 3000 Index, by nearly 10 percentage points the past year because the manager's value-oriented investment style was out of favor. To a lesser extent, the Funds' overall investments in non-U.S. equities also hurt relative performance, as returns here lagged the -4.04% return of the MSCI All Country World ex U.S.A. Index, the Composites' benchmark for the asset class. Conversely, the performance of the Funds' underlying investment-grade bond investments added value versus Composites. From an active asset allocation perspective, non-Composite exposure to commodities held back the Funds' relative results the most. Overweighting emerging-markets funds also detracted, as did underweighting U.S. equities – one of the better-performing asset classes this period. Intra-asset allocation decisions – investments made within the major asset classes (equities and fixed-income) – also had a negative influence on the Funds’ relative performance. In particular, allocations within U.S. equities and non U.S.-equities proved disappointing the past year.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Notes to Shareholders:  At its May 2018 meeting, the Board of Trustees approved incremental updates to the glide path and strategic asset allocation of Fidelity Freedom Funds, adding U.S. Treasury Inflation-Protected Securities and long-term U.S. Treasury bonds and slightly reducing the equity and short-term debt allocations for shorter-dated Funds. These updates have been fully implemented. At its May 2019 meeting, the Board of Trustees approved adjusting the equity composition of the strategic asset allocation of Fidelity Freedom Funds from 70%/30% to 60%/40% for U.S./non-U.S. equities.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 37.4 
Fidelity Series Government Money Market Fund 2.50% 17.8 
Fidelity Series Inflation-Protected Bond Index Fund 13.1 
Fidelity Series Long-Term Treasury Bond Index Fund 4.5 
Fidelity Series Short-Term Credit Fund 4.5 
Fidelity Series Emerging Markets Opportunities Fund 3.4 
Fidelity Series International Growth Fund 2.3 
Fidelity Series Commodity Strategy Fund 2.3 
Fidelity Series International Value Fund 2.2 
Fidelity Series Intrinsic Opportunities Fund 1.6 
 89.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 11.1% 
   International Equity Funds 9.1% 
   Bond Funds 57.4% 
   Short-Term Funds 22.4% 


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

Fidelity Freedom® Income Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.43% 4/4/19 to 6/20/19 (a)   
(Cost $1,296,310) 1,300,000 1,296,366 
 Shares Value 
Domestic Equity Funds - 11.1%   
Fidelity Series All-Sector Equity Fund (b) 1,071,528 $10,318,814 
Fidelity Series Blue Chip Growth Fund (b) 1,503,881 22,182,241 
Fidelity Series Commodity Strategy Fund (b) 16,361,213 78,042,984 
Fidelity Series Growth Company Fund (b) 2,584,963 43,711,719 
Fidelity Series Intrinsic Opportunities Fund (b) 3,230,193 53,136,678 
Fidelity Series Large Cap Stock Fund (b) 3,143,894 46,058,050 
Fidelity Series Large Cap Value Index Fund (b) 1,061,774 13,176,613 
Fidelity Series Opportunistic Insights Fund (b) 1,335,495 23,344,444 
Fidelity Series Small Cap Discovery Fund (b) 556,860 6,192,282 
Fidelity Series Small Cap Opportunities Fund (b) 1,370,605 18,448,340 
Fidelity Series Stock Selector Large Cap Value Fund (b) 3,025,285 35,698,360 
Fidelity Series Value Discovery Fund (b) 2,003,370 25,022,092 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $294,443,798)  375,332,617 
International Equity Funds - 9.1%   
Fidelity Series Canada Fund (b) 657,903 6,782,976 
Fidelity Series Emerging Markets Fund (b) 1,252,169 12,258,731 
Fidelity Series Emerging Markets Opportunities Fund (b) 6,181,258 114,538,710 
Fidelity Series International Growth Fund (b) 5,236,098 79,536,330 
Fidelity Series International Small Cap Fund (b) 1,243,867 19,317,262 
Fidelity Series International Value Fund (b) 8,184,359 76,114,541 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $250,120,934)  308,548,550 
Bond Funds - 57.4%   
Fidelity Series Emerging Markets Debt Fund (b) 2,672,492 25,629,199 
Fidelity Series Floating Rate High Income Fund (b) 481,201 4,460,729 
Fidelity Series High Income Fund (b) 3,147,644 29,587,852 
Fidelity Series Inflation-Protected Bond Index Fund (b) 45,386,929 443,884,166 
Fidelity Series International Credit Fund (b) 196,778 1,946,138 
Fidelity Series Investment Grade Bond Fund (b) 113,213,736 1,265,729,572 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 17,358,248 153,967,657 
Fidelity Series Real Estate Income Fund (b) 1,534,911 16,745,875 
TOTAL BOND FUNDS   
(Cost $1,904,302,857)  1,941,951,188 
Short-Term Funds - 22.4%   
Fidelity Cash Central Fund, 2.48% (c) 5,086,434 5,087,452 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 600,538,386 600,538,386 
Fidelity Series Short-Term Credit Fund (b) 15,135,942 150,905,338 
TOTAL SHORT-TERM FUNDS   
(Cost $756,432,811)  756,531,176 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,206,596,710)  3,383,659,897 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,439,854) 
NET ASSETS - 100%  $3,382,220,043 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) June 2019 $653,240 $11,909 $11,909 
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 1,917,844 8,355 8,355 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 17 June 2019 1,969,078 22,411 22,411 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 299,313 10,496 10,496 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 12 June 2019 1,490,625 27,725 27,725 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 504,000 25,083 25,083 
TOTAL TREASURY CONTRACTS     94,070 
TOTAL PURCHASED     105,979 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 83 June 2019 11,776,870 (356,462) (356,462) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 131 June 2019 6,925,970 (129,145) (129,145) 
TOTAL SOLD     (485,607) 
TOTAL FUTURES CONTRACTS     $(379,628) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.6%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,296,366.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $75,203 
Total $75,203 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $15,916,073 $-- $16,684,277 $-- $6,617,339 $(5,849,135) $-- 
Fidelity Series All-Sector Equity Fund 30,551,376 2,779,732 22,863,157 2,579,362 5,014,166 (5,163,303) 10,318,814 
Fidelity Series Blue Chip Growth Fund 31,582,362 3,174,616 14,690,995 2,899,573 4,769,782 (2,653,524) 22,182,241 
Fidelity Series Canada Fund 9,334,390 247,735 3,001,964 151,592 1,796 201,019 6,782,976 
Fidelity Series Commodity Strategy Fund 79,034,933 29,189,668 21,418,957 4,522,415 (8,817,227) 54,567 78,042,984 
Fidelity Series Emerging Markets Debt Fund 28,508,764 1,836,249 3,310,939 1,601,930 (137,899) (1,266,976) 25,629,199 
Fidelity Series Emerging Markets Fund -- 12,925,791 765,955 48,772 (18,277) 117,172 12,258,731 
Fidelity Series Emerging Markets Opportunities Fund 114,600,734 29,529,778 13,927,848 8,990,865 1,474,501 (17,138,455) 114,538,710 
Fidelity Series Floating Rate High Income Fund 9,147,819 527,245 5,050,482 450,247 (297,331) 133,478 4,460,729 
Fidelity Series Government Money Market Fund 2.50% 859,951,401 90,063,089 349,476,104 14,613,275 -- -- 600,538,386 
Fidelity Series Growth Company Fund 67,193,973 6,088,065 31,545,784 4,389,042 12,952,741 (10,977,276) 43,711,719 
Fidelity Series High Income Fund 56,045,887 3,483,697 29,344,722 2,979,299 (1,394,519) 797,509 29,587,852 
Fidelity Series Inflation-Protected Bond Index Fund 140,449,749 343,806,398 42,050,139 8,068,370 (1,324,527) 3,002,685 443,884,166 
Fidelity Series International Credit Fund 1,872,196 94,306 15,354 94,306 (207) (4,803) 1,946,138 
Fidelity Series International Growth Fund 97,009,280 18,168,777 31,482,839 5,129,287 5,224,374 (9,383,262) 79,536,330 
Fidelity Series International Small Cap Fund 24,130,987 5,924,575 7,673,721 1,640,557 1,147,935 (4,212,514) 19,317,262 
Fidelity Series International Value Fund 95,143,387 15,233,348 24,341,335 2,823,633 1,712,087 (11,632,946) 76,114,541 
Fidelity Series Intrinsic Opportunities Fund 78,260,126 5,130,440 26,047,160 4,463,058 6,203,025 (10,409,753) 53,136,678 
Fidelity Series Investment Grade Bond Fund 1,414,325,467 68,950,138 233,728,274 42,711,835 (8,927,545) 25,109,786 1,265,729,572 
Fidelity Series Large Cap Stock Fund 69,040,943 6,283,809 28,405,830 5,687,649 4,615,463 (5,476,335) 46,058,050 
Fidelity Series Large Cap Value Index Fund 19,791,623 787,790 7,779,222 622,461 897,617 (521,195) 13,176,613 
Fidelity Series Long-Term Treasury Bond Index Fund 78,600,027 112,379,748 42,949,463 3,617,599 (1,419,510) 7,356,855 153,967,657 
Fidelity Series Opportunistic Insights Fund 34,616,831 2,230,923 14,761,326 1,931,491 6,120,140 (4,862,124) 23,344,444 
Fidelity Series Real Estate Equity Fund 6,171,500 89,767 6,510,092 82,424 1,186,459 (937,634) -- 
Fidelity Series Real Estate Income Fund 17,355,440 1,424,441 2,338,989 1,240,665 (3,762) 308,745 16,745,875 
Fidelity Series Short-Term Credit Fund 211,429,964 6,465,257 68,630,252 4,524,719 (940,626) 2,580,995 150,905,338 
Fidelity Series Small Cap Discovery Fund 9,419,231 1,035,559 3,630,681 955,039 506,894 (1,138,721) 6,192,282 
Fidelity Series Small Cap Opportunities Fund 28,758,372 2,501,163 12,550,150 2,253,851 3,474,978 (3,736,023) 18,448,340 
Fidelity Series Stock Selector Large Cap Value Fund 53,907,465 3,668,280 21,276,790 3,080,122 4,270,091 (4,870,686) 35,698,360 
Fidelity Series Value Discovery Fund 38,314,030 1,868,763 14,871,860 1,547,278 3,531,325 (3,820,166) 25,022,092 
Total $3,720,464,330 $775,889,147 $1,101,124,661 $133,700,716 $46,439,283 $(64,392,020) $3,377,276,079 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,296,366 $-- $1,296,366 $-- 
Domestic Equity Funds 375,332,617 375,332,617 -- -- 
International Equity Funds 308,548,550 308,548,550 -- -- 
Bond Funds 1,941,951,188 1,941,951,188 -- -- 
Short-Term Funds 756,531,176 756,531,176 -- -- 
Total Investments in Securities: $3,383,659,897 $3,382,363,531 $1,296,366 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $105,979 $105,979 $-- $-- 
Total Assets $105,979 $105,979 $-- $-- 
Liabilities     
Futures Contracts $(485,607) $(485,607) $-- $-- 
Total Liabilities $(485,607) $(485,607) $-- $-- 
Total Derivative Instruments: $(379,628) $(379,628) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $11,909 $(485,607) 
Total Equity Risk 11,909 (485,607) 
Interest Rate Risk   
Futures Contracts 94,070 -- 
Total Interest Rate Risk 94,070 -- 
Total Value of Derivatives $105,979 $(485,607) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,296,310) 
$1,296,366  
Fidelity Central Funds (cost $5,087,446) 5,087,452  
Other affiliated issuers (cost $3,200,212,954) 3,377,276,079  
Total Investment in Securities (cost $3,206,596,710)  $3,383,659,897 
Receivable for investments sold  8,543,458 
Receivable for fund shares sold  26,129,219 
Distributions receivable from Fidelity Central Funds  10,371 
Total assets  3,418,342,945 
Liabilities   
Payable for investments purchased $7,757,076  
Payable for fund shares redeemed 26,925,537  
Accrued management fee 1,238,152  
Payable for daily variation margin on futures contracts 202,137  
Total liabilities  36,122,902 
Net Assets  $3,382,220,043 
Net Assets consist of:   
Paid in capital  $3,183,798,477 
Total distributable earnings (loss)  198,421,566 
Net Assets  $3,382,220,043 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($1,978,263,120 ÷ 172,955,926 shares)  $11.44 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,236,534,843 ÷ 108,258,089 shares)  $11.42 
Class K6:   
Net Asset Value, offering price and redemption price per share ($167,422,080 ÷ 14,662,342 shares)  $11.42 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $86,763,239 
Interest  20,728 
Income from Fidelity Central Funds  75,203 
Total income  86,859,170 
Expenses   
Management fee $15,445,776  
Independent trustees' fees and expenses 16,698  
Total expenses before reductions 15,462,474  
Expense reductions (229)  
Total expenses after reductions  15,462,245 
Net investment income (loss)  71,396,925 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 440  
Fidelity Central Funds (168)  
Other affiliated issuers 46,439,283  
Futures contracts 862,816  
Capital gain distributions from underlying funds:   
Affiliated issuers 46,937,477  
Total net realized gain (loss)  94,239,848 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 73  
Fidelity Central Funds  
Other affiliated issuers (64,392,020)  
Futures contracts (379,628)  
Total change in net unrealized appreciation (depreciation)  (64,771,569) 
Net gain (loss)  29,468,279 
Net increase (decrease) in net assets resulting from operations  $100,865,204 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $71,396,925 $54,568,700 
Net realized gain (loss) 94,239,848 90,451,426 
Change in net unrealized appreciation (depreciation) (64,771,569) (21,703,503) 
Net increase (decrease) in net assets resulting from operations 100,865,204 123,316,623 
Distributions to shareholders (178,193,341) – 
Distributions to shareholders from net investment income – (51,949,454) 
Distributions to shareholders from net realized gain – (67,440,706) 
Total distributions (178,193,341) (119,390,160) 
Share transactions - net increase (decrease) (260,021,875) 1,577,891,442 
Total increase (decrease) in net assets (337,350,012) 1,581,817,905 
Net Assets   
Beginning of period 3,719,570,055 2,137,752,150 
End of period $3,382,220,043 $3,719,570,055 
Other Information   
Undistributed net investment income end of period  $5,475,633 

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


Financial Highlights

Fidelity Freedom Income Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.69 $11.57 $11.26 $11.75 $11.86 
Income from Investment Operations      
Net investment income (loss)A .23 .18 .19 .21 .21 
Net realized and unrealized gain (loss) .11 .38 .49 (.27) .28 
Total from investment operations .34 .56 .68 (.06) .49 
Distributions from net investment income (.23) (.19) (.20)B (.21) (.20) 
Distributions from net realized gain (.36) (.25) (.17)B (.22) (.40) 
Total distributions (.59) (.44) (.37) (.43) (.60) 
Net asset value, end of period $11.44 $11.69 $11.57 $11.26 $11.75 
Total ReturnC 3.08% 4.86% 6.16% (.45)% 4.31% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .46%F .39% - %G - %G - %G 
Expenses net of fee waivers, if any .46%F .39% -% -% -% 
Expenses net of all reductions .46%F .39% -% -% -% 
Net investment income (loss) 2.02% 1.57% 1.70% 1.86% 1.77% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,978,263 $2,111,741 $2,137,752 $2,184,994 $2,483,848 
Portfolio turnover rateD 22% 17%H 31% 20% 26%H 

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

 G Amount represents less than .005%.

 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 Income Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.68 $11.76 
Income from Investment Operations   
Net investment income (loss)B .24 .19 
Net realized and unrealized gain (loss) .09 .05 
Total from investment operations .33 .24 
Distributions from net investment income (.24) (.16) 
Distributions from net realized gain (.36) (.17) 
Total distributions (.59)C (.32)D 
Net asset value, end of period $11.42 $11.68 
Total ReturnE,F 3.04% 2.06% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .41%I .42%J 
Expenses net of fee waivers, if any .41%I .42%J 
Expenses net of all reductions .41%I .42%J 
Net investment income (loss) 2.07% 2.32%J 
Supplemental Data   
Net assets, end of period (000 omitted) $1,236,535 $1,568,576 
Portfolio turnover rateG 22% 17%K 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.59 per share is comprised of distributions from net investment income of $.236 and distributions from net realized gain of $.357 per share.

 D Total distributions of $.32 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.166 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. 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.

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

 J Annualized

 K 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.68 $11.68 
Income from Investment Operations   
Net investment income (loss)B .24 .18 
Net realized and unrealized gain (loss) .11 .15 
Total from investment operations .35 .33 
Distributions from net investment income (.25) (.17) 
Distributions from net realized gain (.36) (.17) 
Total distributions (.61) (.33)C 
Net asset value, end of period $11.42 $11.68 
Total ReturnD,E 3.16% 2.86% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .37% .37%H 
Expenses net of fee waivers, if any .37% .37%H 
Expenses net of all reductions .37% .37%H 
Net investment income (loss) 2.12% 1.91%H 
Supplemental Data   
Net assets, end of period (000 omitted) $167,422 $39,253 
Portfolio turnover rateF 22% 17%I 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.33 per share is comprised of distributions from net investment income of $.168 and distributions from net realized gain of $.166 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 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 34.2 
Fidelity Series Government Money Market Fund 2.50% 14.9 
Fidelity Series Inflation-Protected Bond Index Fund 11.3 
Fidelity Series Long-Term Treasury Bond Index Fund 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.3 
Fidelity Series Short-Term Credit Fund 3.7 
Fidelity Series International Value Fund 3.0 
Fidelity Series International Growth Fund 3.0 
Fidelity Series Intrinsic Opportunities Fund 2.5 
Fidelity Series Commodity Strategy Fund 2.3 
 83.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.6% 
   International Equity Funds 11.8% 
   Bond Funds 52.5% 
   Short-Term Funds 19.0% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2005 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.35% to 2.4% 4/4/19 to 6/27/19 (a)   
(Cost $667,955) 670,000 667,980 
 Shares Value 
Domestic Equity Funds - 16.6%   
Fidelity Series All-Sector Equity Fund (b) 536,555 $5,167,025 
Fidelity Series Blue Chip Growth Fund (b) 726,424 10,714,747 
Fidelity Series Commodity Strategy Fund (b) 4,656,311 22,210,604 
Fidelity Series Growth Company Fund (b) 1,174,630 19,862,990 
Fidelity Series Intrinsic Opportunities Fund (b) 1,478,861 24,327,265 
Fidelity Series Large Cap Stock Fund (b) 1,442,567 21,133,601 
Fidelity Series Large Cap Value Index Fund (b) 496,915 6,166,714 
Fidelity Series Opportunistic Insights Fund (b) 621,116 10,857,111 
Fidelity Series Small Cap Discovery Fund (b) 275,511 3,063,684 
Fidelity Series Small Cap Opportunities Fund (b) 663,221 8,926,958 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,371,888 16,188,284 
Fidelity Series Value Discovery Fund (b) 926,560 11,572,732 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $128,144,088)  160,191,715 
International Equity Funds - 11.8%   
Fidelity Series Canada Fund (b) 285,371 2,942,173 
Fidelity Series Emerging Markets Fund (b) 446,445 4,370,696 
Fidelity Series Emerging Markets Opportunities Fund (b) 2,203,509 40,831,027 
Fidelity Series International Growth Fund (b) 1,924,964 29,240,204 
Fidelity Series International Small Cap Fund (b) 443,263 6,883,875 
Fidelity Series International Value Fund (b) 3,146,486 29,262,318 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $94,831,997)  113,530,293 
Bond Funds - 52.5%   
Fidelity Series Emerging Markets Debt Fund (b) 737,868 7,076,150 
Fidelity Series Floating Rate High Income Fund (b) 180,971 1,677,604 
Fidelity Series High Income Fund (b) 897,287 8,434,501 
Fidelity Series Inflation-Protected Bond Index Fund (b) 11,102,299 108,580,484 
Fidelity Series International Credit Fund (b) 53,601 530,111 
Fidelity Series Investment Grade Bond Fund (b) 29,427,797 329,002,771 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,118,727 45,403,111 
Fidelity Series Real Estate Income Fund (b) 434,920 4,744,981 
TOTAL BOND FUNDS   
(Cost $509,808,841)  505,449,713 
Short-Term Funds - 19.0%   
Fidelity Cash Central Fund, 2.48% (c) 4,205,856 4,206,697 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 142,976,866 142,976,866 
Fidelity Series Short-Term Credit Fund (b) 3,542,133 35,315,067 
TOTAL SHORT-TERM FUNDS   
(Cost $182,509,308)  182,498,630 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $915,962,189)  962,338,331 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (457,879) 
NET ASSETS - 100%  $961,880,452 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $1,278,563 $5,437 $5,437 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 12 June 2019 1,389,938 15,820 15,820 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 299,313 10,496 10,496 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,117,969 20,238 20,238 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 336,000 16,722 16,722 
TOTAL PURCHASED     68,713 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 24 June 2019 3,405,360 (103,073) (103,073) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 51 June 2019 2,696,370 (50,279) (50,279) 
TOTAL SOLD     (153,352) 
TOTAL FUTURES CONTRACTS     $(84,639) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.6%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $667,980.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $25,790 
Total $25,790 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $6,515,325 $-- $6,766,231 $-- $3,060,458 $(2,809,552) $-- 
Fidelity Series All-Sector Equity Fund 12,530,153 1,754,728 8,858,577 1,272,784 645,659 (904,938) 5,167,025 
Fidelity Series Blue Chip Growth Fund 12,953,358 2,006,105 5,004,846 1,366,857 1,412,512 (652,382) 10,714,747 
Fidelity Series Canada Fund 3,443,587 410,276 990,253 64,679 6,805 71,758 2,942,173 
Fidelity Series Commodity Strategy Fund 21,665,200 8,431,878 5,376,189 1,306,153 (3,398,830) 888,545 22,210,604 
Fidelity Series Emerging Markets Debt Fund 7,599,846 763,032 916,984 435,097 (22,637) (347,107) 7,076,150 
Fidelity Series Emerging Markets Fund -- 4,629,704 299,476 17,187 (6,771) 47,239 4,370,696 
Fidelity Series Emerging Markets Opportunities Fund 40,950,004 11,111,667 5,703,911 3,168,179 352,958 (5,879,691) 40,831,027 
Fidelity Series Floating Rate High Income Fund 2,476,054 251,876 997,004 137,982 (53,120) (202) 1,677,604 
Fidelity Series Government Money Market Fund 2.50% 188,891,827 35,928,967 81,843,928 3,348,065 -- -- 142,976,866 
Fidelity Series Growth Company Fund 27,067,672 3,327,727 10,997,761 2,045,391 4,057,727 (3,592,375) 19,862,990 
Fidelity Series High Income Fund 15,273,504 1,533,309 8,209,962 839,623 (420,728) 258,378 8,434,501 
Fidelity Series Inflation-Protected Bond Index Fund 34,330,025 85,228,930 11,399,292 1,948,741 (292,062) 712,883 108,580,484 
Fidelity Series International Credit Fund 511,877 25,711 6,093 25,712 (80) (1,304) 530,111 
Fidelity Series International Growth Fund 35,653,275 7,176,442 12,046,172 1,964,426 1,824,750 (3,368,091) 29,240,204 
Fidelity Series International Small Cap Fund 8,838,106 1,996,733 2,779,587 623,273 399,174 (1,570,551) 6,883,875 
Fidelity Series International Value Fund 35,085,401 5,698,507 7,806,375 1,071,940 (37,797) (3,677,418) 29,262,318 
Fidelity Series Intrinsic Opportunities Fund 32,312,650 3,659,909 9,490,498 2,105,560 617,322 (2,772,118) 24,327,265 
Fidelity Series Investment Grade Bond Fund 357,195,577 32,801,056 65,344,858 10,964,784 (2,292,650) 6,643,646 329,002,771 
Fidelity Series Large Cap Stock Fund 28,318,570 3,943,691 10,575,980 2,545,146 1,163,919 (1,716,599) 21,133,601 
Fidelity Series Large Cap Value Index Fund 8,118,267 690,971 2,782,216 299,129 210,493 (70,801) 6,166,714 
Fidelity Series Long-Term Treasury Bond Index Fund 21,896,394 32,642,883 10,907,672 1,069,176 (277,157) 2,048,663 45,403,111 
Fidelity Series Opportunistic Insights Fund 14,197,365 1,617,123 5,350,976 921,203 1,751,714 (1,358,115) 10,857,111 
Fidelity Series Real Estate Equity Fund 2,522,653 22,552 2,634,464 19,427 352,087 (262,828) -- 
Fidelity Series Real Estate Income Fund 4,756,952 601,948 703,138 344,918 (5,314) 94,533 4,744,981 
Fidelity Series Short-Term Credit Fund 46,349,875 3,306,778 14,728,581 1,033,498 (173,378) 560,373 35,315,067 
Fidelity Series Small Cap Discovery Fund 3,862,917 610,273 1,110,363 423,670 112,285 (411,428) 3,063,684 
Fidelity Series Small Cap Opportunities Fund 11,795,128 1,635,528 4,220,481 1,064,395 644,721 (927,938) 8,926,958 
Fidelity Series Stock Selector Large Cap Value Fund 22,112,603 2,528,771 8,038,158 1,457,171 971,005 (1,385,937) 16,188,284 
Fidelity Series Value Discovery Fund 15,714,129 1,497,258 5,421,599 737,132 539,834 (756,890) 11,572,732 
 $1,022,938,294 $255,834,333 $311,311,625 $42,621,298 $11,142,899 $(21,140,247) $957,463,654 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $667,980 $-- $667,980 $-- 
Domestic Equity Funds 160,191,715 160,191,715 -- -- 
International Equity Funds 113,530,293 113,530,293 -- -- 
Bond Funds 505,449,713 505,449,713 -- -- 
Short-Term Funds 182,498,630 182,498,630 -- -- 
Total Investments in Securities: $962,338,331 $961,670,351 $667,980 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $68,713 $68,713 $-- $-- 
Total Assets $68,713 $68,713 $-- $-- 
Liabilities     
Futures Contracts $(153,352) $(153,352) $-- $-- 
Total Liabilities $(153,352) $(153,352) $-- $-- 
Total Derivative Instruments: $(84,639) $(84,639) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(153,352) 
Total Equity Risk (153,352) 
Interest Rate Risk   
Futures Contracts 68,713 
Total Interest Rate Risk 68,713 
Total Value of Derivatives $68,713 $(153,352) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $667,955) 
$667,980  
Fidelity Central Funds (cost $4,206,697) 4,206,697  
Other affiliated issuers (cost $911,087,537) 957,463,654  
Total Investment in Securities (cost $915,962,189)  $962,338,331 
Receivable for investments sold  7,086,994 
Receivable for fund shares sold  1,838,995 
Distributions receivable from Fidelity Central Funds  8,316 
Total assets  971,272,636 
Liabilities   
Payable for investments purchased $7,111,218  
Payable for fund shares redeemed 1,813,355  
Accrued management fee 364,768  
Payable for daily variation margin on futures contracts 102,843  
Total liabilities  9,392,184 
Net Assets  $961,880,452 
Net Assets consist of:   
Paid in capital  $903,072,554 
Total distributable earnings (loss)  58,807,898 
Net Assets  $961,880,452 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($563,036,295 ÷ 46,160,440 shares)  $12.20 
Class K:   
Net Asset Value, offering price and redemption price per share ($357,174,023 ÷ 29,324,699 shares)  $12.18 
Class K6:   
Net Asset Value, offering price and redemption price per share ($41,670,134 ÷ 3,425,343 shares)  $12.17 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $24,059,333 
Interest  7,573 
Income from Fidelity Central Funds  25,790 
Total income  24,092,696 
Expenses   
Management fee $4,477,992  
Independent trustees' fees and expenses 4,657  
Total expenses before reductions 4,482,649  
Expense reductions (206)  
Total expenses after reductions  4,482,443 
Net investment income (loss)  19,610,253 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 138  
Fidelity Central Funds (32)  
Other affiliated issuers 11,142,899  
Futures contracts 320,290  
Capital gain distributions from underlying funds:   
Affiliated issuers 18,561,965  
Total net realized gain (loss)  30,025,260 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 30  
Affiliated issuers (21,140,247)  
Futures contracts (84,639)  
Total change in net unrealized appreciation (depreciation)  (21,224,856) 
Net gain (loss)  8,800,404 
Net increase (decrease) in net assets resulting from operations  $28,410,657 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $19,610,253 $14,738,670 
Net realized gain (loss) 30,025,260 30,625,628 
Change in net unrealized appreciation (depreciation) (21,224,856) 1,018,991 
Net increase (decrease) in net assets resulting from operations 28,410,657 46,383,289 
Distributions to shareholders (51,673,028) – 
Distributions to shareholders from net investment income – (13,671,334) 
Distributions to shareholders from net realized gain – (20,759,680) 
Total distributions (51,673,028) (34,431,014) 
Share transactions - net increase (decrease) (37,517,008) 426,953,870 
Total increase (decrease) in net assets (60,779,379) 438,906,145 
Net Assets   
Beginning of period 1,022,659,831 583,753,686 
End of period $961,880,452 $1,022,659,831 
Other Information   
Undistributed net investment income end of period  $2,657,371 

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


Financial Highlights

Fidelity Freedom 2005 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.50 $12.20 $11.66 $12.24 $12.01 
Income from Investment Operations      
Net investment income (loss)A .24 .19 .20 .22 .22 
Net realized and unrealized gain (loss) .11 .59 .71 (.34) .40 
Total from investment operations .35 .78 .91 (.12) .62 
Distributions from net investment income (.24) (.18) (.22)B (.22) (.23) 
Distributions from net realized gain (.41) (.30) (.15)B (.23) (.17) 
Total distributions (.65) (.48) (.37) (.46)C (.39)D 
Net asset value, end of period $12.20 $12.50 $12.20 $11.66 $12.24 
Total ReturnE 3.03% 6.43% 7.91% (1.01)% 5.26% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .48% .41% - %H - %H - %H 
Expenses net of fee waivers, if any .48% .41% -% -% -% 
Expenses net of all reductions .48% .41% -% -% -% 
Net investment income (loss) 1.98% 1.52% 1.70% 1.87% 1.79% 
Supplemental Data      
Net assets, end of period (000 omitted) $563,036 $590,056 $583,754 $580,726 $639,723 
Portfolio turnover rateF 26% 23%I 31% 22% 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 $.46 per share is comprised of distributions from net investment income of $.223 and distributions from net realized gain of $.234 per share.

 D 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.

 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 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 2005 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.49 $12.48 
Income from Investment Operations   
Net investment income (loss)B .25 .21 
Net realized and unrealized gain (loss) .10 .15 
Total from investment operations .35 .36 
Distributions from net investment income (.24) (.16) 
Distributions from net realized gain (.41) (.19) 
Total distributions (.66)C (.35) 
Net asset value, end of period $12.18 $12.49 
Total ReturnD,E 3.00% 2.89% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .43% .44%H 
Expenses net of fee waivers, if any .43% .44%H 
Expenses net of all reductions .43% .44%H 
Net investment income (loss) 2.03% 2.37%H 
Supplemental Data   
Net assets, end of period (000 omitted) $357,174 $422,622 
Portfolio turnover rateF 26% 23%I 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.413 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 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.49 $12.36 
Income from Investment Operations   
Net investment income (loss)B .25 .20 
Net realized and unrealized gain (loss) .11 .29 
Total from investment operations .36 .49 
Distributions from net investment income (.27) (.16) 
Distributions from net realized gain (.41) (.19) 
Total distributions (.68) (.36)C 
Net asset value, end of period $12.17 $12.49 
Total ReturnD,E 3.15% 3.92% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .38%H .38%I 
Expenses net of fee waivers, if any .38%H .38%I 
Expenses net of all reductions .38%H .38%I 
Net investment income (loss) 2.08% 1.93%I 
Supplemental Data   
Net assets, end of period (000 omitted) $41,670 $9,983 
Portfolio turnover rateF 26% 23%J 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.36 per share is comprised of distributions from net investment income of $.164 and distributions from net realized gain of $.192 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Annualized

 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 30.5 
Fidelity Series Government Money Market Fund 2.50% 11.7 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Emerging Markets Opportunities Fund 5.1 
Fidelity Series Long-Term Treasury Bond Index Fund 4.9 
Fidelity Series International Growth Fund 4.0 
Fidelity Series International Value Fund 3.9 
Fidelity Series Intrinsic Opportunities Fund 3.7 
Fidelity Series Large Cap Stock Fund 3.2 
Fidelity Series Growth Company Fund 3.0 
 79.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 14.9% 
   Bond Funds 47.0% 
   Short-Term Funds 15.0% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2010 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $4,090,553) 4,100,000 4,090,676 
 Shares Value 
Domestic Equity Funds - 23.1%   
Fidelity Series All-Sector Equity Fund (b) 4,736,928 $45,616,618 
Fidelity Series Blue Chip Growth Fund (b) 6,282,159 92,661,846 
Fidelity Series Commodity Strategy Fund (b) 28,453,680 135,724,053 
Fidelity Series Growth Company Fund (b) 10,398,845 175,844,462 
Fidelity Series Intrinsic Opportunities Fund (b) 13,104,338 215,566,356 
Fidelity Series Large Cap Stock Fund (b) 12,774,900 187,152,281 
Fidelity Series Large Cap Value Index Fund (b) 4,358,193 54,085,176 
Fidelity Series Opportunistic Insights Fund (b) 5,479,715 95,785,417 
Fidelity Series Small Cap Discovery Fund (b) 2,410,666 26,806,607 
Fidelity Series Small Cap Opportunities Fund (b) 5,734,762 77,189,894 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,134,605 143,188,341 
Fidelity Series Value Discovery Fund (b) 8,178,844 102,153,762 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,028,819,044)  1,351,774,813 
International Equity Funds - 14.9%   
Fidelity Series Canada Fund (b) 2,301,466 23,728,118 
Fidelity Series Emerging Markets Fund (b) 3,289,232 32,201,584 
Fidelity Series Emerging Markets Opportunities Fund (b) 16,245,259 301,024,642 
Fidelity Series International Growth Fund (b) 15,339,910 233,013,226 
Fidelity Series International Small Cap Fund (b) 3,522,902 54,710,672 
Fidelity Series International Value Fund (b) 24,347,686 226,433,481 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $714,702,340)  871,111,723 
Bond Funds - 47.0%   
Fidelity Series Emerging Markets Debt Fund (b) 4,529,786 43,440,644 
Fidelity Series Floating Rate High Income Fund (b) 934,712 8,664,785 
Fidelity Series High Income Fund (b) 5,540,454 52,080,265 
Fidelity Series Inflation-Protected Bond Index Fund (b) 55,063,045 538,516,576 
Fidelity Series International Credit Fund (b) 360,695 3,567,269 
Fidelity Series Investment Grade Bond Fund (b) 159,662,920 1,785,031,439 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 32,419,880 287,564,333 
Fidelity Series Real Estate Income Fund (b) 2,607,592 28,448,829 
TOTAL BOND FUNDS   
(Cost $2,762,459,926)  2,747,314,140 
Short-Term Funds - 15.0%   
Fidelity Cash Central Fund, 2.48% (c) 22,517,627 22,522,131 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 684,837,287 684,837,287 
Fidelity Series Short-Term Credit Fund (b) 16,934,996 168,841,907 
TOTAL SHORT-TERM FUNDS   
(Cost $876,295,961)  876,201,325 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $5,386,367,824)  5,850,492,677 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (3,015,999) 
NET ASSETS - 100%  $5,847,476,678 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 35 June 2019 $7,458,281 $32,493 $32,493 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 75 June 2019 8,687,109 98,873 98,873 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 17 June 2019 2,544,156 89,213 89,213 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 53 June 2019 6,583,594 122,451 122,451 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 17 June 2019 2,856,000 142,138 142,138 
TOTAL PURCHASED     485,168 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 150 June 2019 21,283,500 (644,208) (644,208) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 340 June 2019 17,975,800 (335,182) (335,182) 
TOTAL SOLD     (979,390) 
TOTAL FUTURES CONTRACTS     $(494,222) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.7%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $4,090,676.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $164,406 
Total $164,406 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $54,376,498 $2 $56,567,080 $-- $23,146,601 $(20,956,021) $-- 
Fidelity Series All-Sector Equity Fund 104,338,689 11,734,680 67,272,732 11,473,079 6,650,450 (9,834,469) 45,616,618 
Fidelity Series Blue Chip Growth Fund 107,885,174 12,532,064 32,943,462 12,241,663 8,651,326 (3,463,256) 92,661,846 
Fidelity Series Canada Fund 27,093,349 2,360,054 6,281,084 532,452 24,113 531,686 23,728,118 
Fidelity Series Commodity Strategy Fund 137,197,589 44,711,702 30,230,894 8,348,290 (17,202,569) 1,248,225 135,724,053 
Fidelity Series Emerging Markets Debt Fund 48,296,926 2,829,494 5,306,300 2,724,704 (263,115) (2,116,361) 43,440,644 
Fidelity Series Emerging Markets Fund -- 33,760,574 2,251,603 129,113 (49,962) 742,575 32,201,584 
Fidelity Series Emerging Markets Opportunities Fund 317,936,755 68,175,294 40,960,334 23,807,740 2,964,315 (47,091,388) 301,024,642 
Fidelity Series Floating Rate High Income Fund 15,446,698 839,595 7,322,258 800,496 (443,385) 144,135 8,664,785 
Fidelity Series Government Money Market Fund 2.50% 939,655,611 144,809,551 399,627,875 16,436,178 -- -- 684,837,287 
Fidelity Series Growth Company Fund 223,906,115 18,426,708 68,415,605 17,855,183 29,742,210 (27,814,966) 175,844,462 
Fidelity Series High Income Fund 96,454,868 5,466,182 48,773,694 5,258,101 (2,728,323) 1,661,232 52,080,265 
Fidelity Series Inflation-Protected Bond Index Fund 178,194,874 415,609,200 57,085,722 9,802,629 (6,410,824) 8,209,048 538,516,576 
Fidelity Series International Credit Fund 3,431,541 172,863 27,952 172,861 (375) (8,808) 3,567,269 
Fidelity Series International Growth Fund 280,934,996 39,540,033 74,768,435 15,499,178 15,150,044 (27,843,412) 233,013,226 
Fidelity Series International Small Cap Fund 69,606,079 11,915,157 17,243,476 4,976,676 3,596,110 (13,163,198) 54,710,672 
Fidelity Series International Value Fund 276,230,918 27,299,333 47,193,118 8,466,281 858,433 (30,762,085) 226,433,481 
Fidelity Series Intrinsic Opportunities Fund 270,386,197 19,486,019 54,208,452 18,798,640 2,790,276 (22,887,684) 215,566,356 
Fidelity Series Investment Grade Bond Fund 2,054,586,502 82,471,728 374,226,456 61,114,494 (15,786,256) 37,985,921 1,785,031,439 
Fidelity Series Large Cap Stock Fund 237,596,786 22,636,753 67,193,708 22,016,221 7,694,264 (13,581,814) 187,152,281 
Fidelity Series Large Cap Value Index Fund 67,588,086 2,821,246 17,252,774 2,648,915 1,365,796 (437,178) 54,085,176 
Fidelity Series Long-Term Treasury Bond Index Fund 140,751,002 193,316,803 57,224,584 7,021,719 (2,022,156) 12,743,268 287,564,333 
Fidelity Series Opportunistic Insights Fund 118,254,820 8,434,748 33,332,125 8,125,634 12,585,973 (10,157,999) 95,785,417 
Fidelity Series Real Estate Equity Fund 20,792,626 142,266 21,515,609 117,176 3,933,001 (3,352,284) -- 
Fidelity Series Real Estate Income Fund 29,805,115 2,211,486 4,089,214 2,128,617 142,738 378,704 28,448,829 
Fidelity Series Short-Term Credit Fund 230,191,316 5,641,491 68,837,570 5,059,945 (947,101) 2,793,771 168,841,907 
Fidelity Series Small Cap Discovery Fund 32,169,764 3,724,682 6,359,349 3,640,489 581,020 (3,309,510) 26,806,607 
Fidelity Series Small Cap Opportunities Fund 98,250,232 9,791,337 27,336,232 9,532,238 4,183,491 (7,698,934) 77,189,894 
Fidelity Series Stock Selector Large Cap Value Fund 184,075,787 13,306,782 49,778,775 12,834,544 9,012,568 (13,428,021) 143,188,341 
Fidelity Series Value Discovery Fund 130,831,369 6,845,647 33,105,181 6,511,226 6,949,044 (9,367,117) 102,153,762 
 $6,496,266,282 $1,211,013,474 $1,776,731,653 $298,074,482 $94,167,707 $(200,835,940) $5,823,879,870 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $4,090,676 $-- $4,090,676 $-- 
Domestic Equity Funds 1,351,774,813 1,351,774,813 -- -- 
International Equity Funds 871,111,723 871,111,723 -- -- 
Bond Funds 2,747,314,140 2,747,314,140 -- -- 
Short-Term Funds 876,201,325 876,201,325 -- -- 
Total Investments in Securities: $5,850,492,677 $5,846,402,001 $4,090,676 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $485,168 $485,168 $-- $-- 
Total Assets $485,168 $485,168 $-- $-- 
Liabilities     
Futures Contracts $(979,390) $(979,390) $-- $-- 
Total Liabilities $(979,390) $(979,390) $-- $-- 
Total Derivative Instruments: $(494,222) $(494,222) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(979,390) 
Total Equity Risk (979,390) 
Interest Rate Risk   
Futures Contracts 485,168 
Total Interest Rate Risk 485,168 
Total Value of Derivatives $485,168 $(979,390) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $4,090,553) 
$4,090,676  
Fidelity Central Funds (cost $22,521,836) 22,522,131  
Other affiliated issuers (cost $5,359,755,435) 5,823,879,870  
Total Investment in Securities (cost $5,386,367,824)  $5,850,492,677 
Receivable for investments sold  41,207,927 
Receivable for fund shares sold  8,684,191 
Distributions receivable from Fidelity Central Funds  44,833 
Other receivables  74,861 
Total assets  5,900,504,489 
Liabilities   
Payable for investments purchased $33,897,023  
Payable for fund shares redeemed 16,000,054  
Accrued management fee 2,424,269  
Payable for daily variation margin on futures contracts 631,602  
Other payables and accrued expenses 74,863  
Total liabilities  53,027,811 
Net Assets  $5,847,476,678 
Net Assets consist of:   
Paid in capital  $5,284,106,865 
Total distributable earnings (loss)  563,369,813 
Net Assets  $5,847,476,678 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($3,724,077,218 ÷ 242,618,919 shares)  $15.35 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,909,779,137 ÷ 124,527,522 shares)  $15.34 
Class K6:   
Net Asset Value, offering price and redemption price per share ($213,620,323 ÷ 13,959,920 shares)  $15.30 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $147,762,727 
Interest  55,614 
Income from Fidelity Central Funds  164,406 
Total income  147,982,747 
Expenses   
Management fee $30,474,744  
Independent trustees' fees and expenses 29,245  
Total expenses before reductions 30,503,989  
Expense reductions (121)  
Total expenses after reductions  30,503,868 
Net investment income (loss)  117,478,879 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 3,254  
Fidelity Central Funds (455)  
Other affiliated issuers 94,167,707  
Futures contracts 3,524,653  
Capital gain distributions from underlying funds:   
Affiliated issuers 150,311,755  
Total net realized gain (loss)  248,006,914 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 152  
Fidelity Central Funds 295  
Other affiliated issuers (200,835,940)  
Futures contracts (494,222)  
Total change in net unrealized appreciation (depreciation)  (201,329,715) 
Net gain (loss)  46,677,199 
Net increase (decrease) in net assets resulting from operations  $164,156,078 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $117,478,879 $95,597,195 
Net realized gain (loss) 248,006,914 280,325,462 
Change in net unrealized appreciation (depreciation) (201,329,715) 13,024,260 
Net increase (decrease) in net assets resulting from operations 164,156,078 388,946,917 
Distributions to shareholders (403,378,051) – 
Distributions to shareholders from net investment income – (93,275,651) 
Distributions to shareholders from net realized gain – (192,908,815) 
Total distributions (403,378,051) (286,184,466) 
Share transactions - net increase (decrease) (407,651,367) 2,254,227,956 
Total increase (decrease) in net assets (646,873,340) 2,356,990,407 
Net Assets   
Beginning of period 6,494,350,018 4,137,359,611 
End of period $5,847,476,678 $6,494,350,018 
Other Information   
Undistributed net investment income end of period  $13,674,100 

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


Financial Highlights

Fidelity Freedom 2010 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.98 $15.56 $14.75 $15.75 $15.51 
Income from Investment Operations      
Net investment income (loss)A .29 .24 .26 .28 .28 
Net realized and unrealized gain (loss) .12 .95 1.08 (.50) .62 
Total from investment operations .41 1.19 1.34 (.22) .90 
Distributions from net investment income (.30) (.23) (.26) (.29) (.29) 
Distributions from net realized gain (.74) (.54) (.26) (.49) (.36) 
Total distributions (1.04) (.77) (.53)B (.78) (.66)C 
Net asset value, end of period $15.35 $15.98 $15.56 $14.75 $15.75 
Total ReturnD 2.89% 7.74% 9.27% (1.42)% 5.91% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .52%G .44% - %H - %H - %H 
Expenses net of fee waivers, if any .52%G .44% -% -% -% 
Expenses net of all reductions .52%G .44% -% -% -% 
Net investment income (loss) 1.90% 1.47% 1.69% 1.86% 1.81% 
Supplemental Data      
Net assets, end of period (000 omitted) $3,724,077 $4,038,370 $4,137,360 $4,271,151 $4,940,590 
Portfolio turnover rateE 20% 19%I 23% 17% 18% 

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

 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 2010 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.97 $15.96 
Income from Investment Operations   
Net investment income (loss)B .30 .27 
Net realized and unrealized gain (loss) .12 .31 
Total from investment operations .42 .58 
Distributions from net investment income (.31) (.22) 
Distributions from net realized gain (.74) (.35) 
Total distributions (1.05) (.57) 
Net asset value, end of period $15.34 $15.97 
Total ReturnC,D 2.95% 3.59% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .46% .47%G 
Expenses net of fee waivers, if any .46% .47%G 
Expenses net of all reductions .46% .47%G 
Net investment income (loss) 1.96% 2.42%G 
Supplemental Data   
Net assets, end of period (000 omitted) $1,909,779 $2,396,182 
Portfolio turnover rateE 20% 19%H 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 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 Class K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.97 $15.77 
Income from Investment Operations   
Net investment income (loss)B .31 .27 
Net realized and unrealized gain (loss) .11 .50 
Total from investment operations .42 .77 
Distributions from net investment income (.35) (.22) 
Distributions from net realized gain (.74) (.35) 
Total distributions (1.09) (.57) 
Net asset value, end of period $15.30 $15.97 
Total ReturnC,D 2.96% 4.89% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .39% .40%G 
Expenses net of fee waivers, if any .39% .40%G 
Expenses net of all reductions .39% .40%G 
Net investment income (loss) 2.03% 2.07%G 
Supplemental Data   
Net assets, end of period (000 omitted) $213,620 $59,797 
Portfolio turnover rateE 20% 19%H 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 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® 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 26.7 
Fidelity Series Government Money Market Fund 2.50% 8.9 
Fidelity Series Inflation-Protected Bond Index Fund 7.2 
Fidelity Series Emerging Markets Opportunities Fund 5.8 
Fidelity Series Long-Term Treasury Bond Index Fund 5.0 
Fidelity Series International Growth Fund 4.9 
Fidelity Series Intrinsic Opportunities Fund 4.8 
Fidelity Series International Value Fund 4.7 
Fidelity Series Large Cap Stock Fund 4.2 
Fidelity Series Growth Company Fund 4.0 
 76.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.6% 
   International Equity Funds 17.7% 
   Bond Funds 41.2% 
   Short-Term Funds 11.5% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2015 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.4% 4/4/19 to 6/27/19 (a)   
(Cost $6,460,062) 6,470,000 6,460,187 
 Shares Value 
Domestic Equity Funds - 29.6%   
Fidelity Series All-Sector Equity Fund (b) 9,767,028 $94,056,484 
Fidelity Series Blue Chip Growth Fund (b) 12,442,584 183,528,111 
Fidelity Series Commodity Strategy Fund (b) 43,516,011 207,571,372 
Fidelity Series Growth Company Fund (b) 20,782,877 351,438,450 
Fidelity Series Intrinsic Opportunities Fund (b) 26,215,979 431,252,852 
Fidelity Series Large Cap Stock Fund (b) 25,545,972 374,248,483 
Fidelity Series Large Cap Value Index Fund (b) 8,648,882 107,332,626 
Fidelity Series Opportunistic Insights Fund (b) 10,925,544 190,978,515 
Fidelity Series Small Cap Discovery Fund (b) 4,696,870 52,229,192 
Fidelity Series Small Cap Opportunities Fund (b) 11,353,382 152,816,524 
Fidelity Series Stock Selector Large Cap Value Fund (b) 24,242,907 286,066,304 
Fidelity Series Value Discovery Fund (b) 16,313,619 203,757,103 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,004,257,936)  2,635,276,016 
International Equity Funds - 17.7%   
Fidelity Series Canada Fund (b) 4,378,854 45,145,985 
Fidelity Series Emerging Markets Fund (b) 5,485,831 53,706,289 
Fidelity Series Emerging Markets Opportunities Fund (b) 28,036,116 519,509,226 
Fidelity Series International Growth Fund (b) 28,708,822 436,087,002 
Fidelity Series International Small Cap Fund (b) 6,593,339 102,394,552 
Fidelity Series International Value Fund (b) 45,108,854 419,512,342 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,282,906,990)  1,576,355,396 
Bond Funds - 41.2%   
Fidelity Series Emerging Markets Debt Fund (b) 6,622,928 63,513,876 
Fidelity Series Floating Rate High Income Fund (b) 1,362,240 12,627,967 
Fidelity Series High Income Fund (b) 8,534,225 80,221,715 
Fidelity Series Inflation-Protected Bond Index Fund (b) 65,290,359 638,539,715 
Fidelity Series International Credit Fund (b) 548,455 5,424,223 
Fidelity Series Investment Grade Bond Fund (b) 212,877,671 2,379,972,366 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 50,358,853 446,683,024 
Fidelity Series Real Estate Income Fund (b) 3,863,998 42,156,219 
TOTAL BOND FUNDS   
(Cost $3,659,590,136)  3,669,139,105 
Short-Term Funds - 11.5%   
Fidelity Cash Central Fund, 2.48% (c) 34,338,987 34,345,855 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 793,686,618 793,686,618 
Fidelity Series Short-Term Credit Fund (b) 19,667,776 196,087,723 
TOTAL SHORT-TERM FUNDS   
(Cost $1,024,362,855)  1,024,120,196 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $7,977,577,979)  8,911,350,900 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (4,825,000) 
NET ASSETS - 100%  $8,906,525,900 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 56 June 2019 $11,933,250 $51,988 $51,988 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 125 June 2019 14,478,516 164,788 164,788 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 33 June 2019 4,938,656 173,179 173,179 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 86 June 2019 10,682,813 198,694 198,694 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 32 June 2019 5,376,000 267,554 267,554 
TOTAL PURCHASED      856,203 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 248 June 2019 35,188,720 (1,065,090) (1,065,090) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 489 June 2019 25,853,430 (482,069) (482,069) 
TOTAL SOLD     (1,547,159) 
TOTAL FUTURES CONTRACTS     $(690,956) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.7%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $6,460,187.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $233,964 
Total $233,964 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $105,566,561 $1 $109,407,302 $-- $40,106,846 $(36,266,106) $-- 
Fidelity Series All-Sector Equity Fund 202,550,169 26,651,919 127,489,931 23,789,028 17,650,412 (25,306,085) 94,056,484 
Fidelity Series Blue Chip Growth Fund 209,424,941 24,637,586 60,008,820 24,305,940 15,090,000 (5,615,596) 183,528,111 
Fidelity Series Canada Fund 50,695,921 5,037,458 11,639,341 1,016,692 38,885 1,013,062 45,145,985 
Fidelity Series Commodity Strategy Fund 214,500,126 67,178,900 49,413,987 12,912,484 (24,055,650) (638,017) 207,571,372 
Fidelity Series Emerging Markets Debt Fund 72,411,618 4,122,432 9,468,567 4,023,599 (430,955) (3,120,652) 63,513,876 
Fidelity Series Emerging Markets Fund -- 54,220,224 3,541,628 216,797 (91,979) 3,119,672 53,706,289 
Fidelity Series Emerging Markets Opportunities Fund 567,323,168 114,933,822 83,154,497 41,315,086 5,376,093 (84,969,360) 519,509,226 
Fidelity Series Floating Rate High Income Fund 23,739,962 1,235,120 11,901,936 1,200,357 (712,701) 267,522 12,627,967 
Fidelity Series Government Money Market Fund 2.50% 1,087,835,535 187,515,933 481,664,850 19,216,620 -- -- 793,686,618 
Fidelity Series Growth Company Fund 432,334,504 38,403,968 121,332,858 35,795,250 49,656,407 (47,623,571) 351,438,450 
Fidelity Series High Income Fund 148,415,499 8,345,048 74,903,663 8,138,118 (3,886,452) 2,251,283 80,221,715 
Fidelity Series Inflation-Protected Bond Index Fund 199,093,014 514,987,970 77,469,212 11,685,370 (4,028,878) 5,956,821 638,539,715 
Fidelity Series International Credit Fund 5,270,239 263,493 95,017 263,490 (1,322) (13,170) 5,424,223 
Fidelity Series International Growth Fund 522,861,176 67,450,854 130,278,602 28,857,538 26,455,037 (50,401,463) 436,087,002 
Fidelity Series International Small Cap Fund 130,259,302 20,577,404 30,330,105 9,444,193 6,474,363 (24,586,412) 102,394,552 
Fidelity Series International Value Fund 517,007,350 44,698,422 86,455,747 15,777,434 3,198,039 (58,935,722) 419,512,342 
Fidelity Series Intrinsic Opportunities Fund 526,008,710 37,951,666 92,548,220 37,184,551 4,496,554 (44,655,858) 431,252,852 
Fidelity Series Investment Grade Bond Fund 2,839,330,215 115,909,792 603,766,365 82,360,350 (27,423,945) 55,922,669 2,379,972,366 
Fidelity Series Large Cap Stock Fund 468,089,078 43,859,386 125,883,619 43,159,641 9,690,989 (21,507,351) 374,248,483 
Fidelity Series Large Cap Value Index Fund 131,206,403 5,472,657 31,022,446 5,281,060 3,000,374 (1,324,362) 107,332,626 
Fidelity Series Long-Term Treasury Bond Index Fund 222,582,675 296,528,410 88,828,772 11,054,415 (3,159,117) 19,559,828 446,683,024 
Fidelity Series Opportunistic Insights Fund 229,538,880 16,538,837 59,209,665 16,197,555 20,552,242 (16,441,779) 190,978,515 
Fidelity Series Real Estate Equity Fund 40,229,865 286,682 41,604,622 251,884 6,843,030 (5,754,955) -- 
Fidelity Series Real Estate Income Fund 45,268,860 3,283,614 7,184,343 3,181,807 295,137 492,951 42,156,219 
Fidelity Series Short-Term Credit Fund 266,092,890 6,257,895 78,409,301 5,851,645 (1,068,328) 3,214,567 196,087,723 
Fidelity Series Small Cap Discovery Fund 62,450,884 7,199,949 12,073,827 7,096,891 1,062,706 (6,410,520) 52,229,192 
Fidelity Series Small Cap Opportunities Fund 190,744,879 19,226,374 49,636,908 18,931,880 6,951,618 (14,469,439) 152,816,524 
Fidelity Series Stock Selector Large Cap Value Fund 357,360,316 26,095,146 88,068,554 25,570,593 15,046,305 (24,366,909) 286,066,304 
Fidelity Series Value Discovery Fund 253,985,129 13,350,587 58,463,458 12,979,582 12,007,963 (17,123,118) 203,757,103 
 $10,122,177,869 $1,772,221,549 $2,805,256,163 $507,059,850 $179,133,673 $(397,732,070) $8,870,544,858 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments  $6,460,187 $-- $6,460,187 $-- 
Domestic Equity Funds 2,635,276,016 2,635,276,016 -- -- 
International Equity Funds 1,576,355,396 1,576,355,396 -- -- 
Bond Funds 3,669,139,105 3,669,139,105 -- -- 
Short-Term Funds 1,024,120,196 1,024,120,196 -- -- 
Total Investments in Securities: $8,911,350,900 $8,904,890,713 $6,460,187 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $856,203 $856,203 $-- $-- 
Total Assets $856,203 $856,203 $-- $-- 
Liabilities     
Futures Contracts $(1,547,159) $(1,547,159) $-- $-- 
Total Liabilities $(1,547,159) $(1,547,159) $-- $-- 
Total Derivative Instruments: $(690,956) $(690,956) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(1,547,159) 
Total Equity Risk (1,547,159) 
Interest Rate Risk   
Futures Contracts 856,203 
Total Interest Rate Risk 856,203 
Total Value of Derivatives $856,203 $(1,547,159) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $6,460,062) 
$6,460,187  
Fidelity Central Funds (cost $34,345,461) 34,345,855  
Other affiliated issuers (cost $7,936,772,456) 8,870,544,858  
Total Investment in Securities (cost $7,977,577,979)  $8,911,350,900 
Receivable for investments sold  54,063,516 
Receivable for fund shares sold  19,893,839 
Distributions receivable from Fidelity Central Funds  68,273 
Total assets  8,985,376,528 
Liabilities   
Payable for investments purchased $44,736,392  
Payable for fund shares redeemed 29,211,451  
Accrued management fee 3,932,721  
Payable for daily variation margin on futures contracts 970,064  
Total liabilities  78,850,628 
Net Assets  $8,906,525,900 
Net Assets consist of:   
Paid in capital  $7,779,770,842 
Total distributable earnings (loss)  1,126,755,058 
Net Assets  $8,906,525,900 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($4,946,449,107 ÷ 390,162,816 shares)  $12.68 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,471,921,286 ÷ 274,238,764 shares)  $12.66 
Class K6:   
Net Asset Value, offering price and redemption price per share ($488,155,507 ÷ 38,619,541 shares)  $12.64 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $223,491,095 
Interest  92,189 
Income from Fidelity Central Funds  233,964 
Total income  223,817,248 
Expenses   
Management fee $49,876,924  
Independent trustees' fees and expenses 45,055  
Total expenses before reductions 49,921,979  
Expense reductions (118)  
Total expenses after reductions  49,921,861 
Net investment income (loss)  173,895,387 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,428  
Fidelity Central Funds (586)  
Other affiliated issuers 179,133,673  
Futures contracts 4,720,170  
Capital gain distributions from underlying funds:   
Affiliated issuers 283,568,755  
Total net realized gain (loss)  467,426,440 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 169  
Fidelity Central Funds 394  
Other affiliated issuers (397,732,070)  
Futures contracts (690,956)  
Total change in net unrealized appreciation (depreciation)  (398,422,463) 
Net gain (loss)  69,003,977 
Net increase (decrease) in net assets resulting from operations  $242,899,364 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $173,895,387 $141,540,775 
Net realized gain (loss) 467,426,440 463,661,846 
Change in net unrealized appreciation (depreciation) (398,422,463) 46,350,154 
Net increase (decrease) in net assets resulting from operations 242,899,364 651,552,775 
Distributions to shareholders (689,733,866) – 
Distributions to shareholders from net investment income – (138,935,375) 
Distributions to shareholders from net realized gain – (291,414,799) 
Total distributions (689,733,866) (430,350,174) 
Share transactions - net increase (decrease) (765,552,717) 4,570,397,075 
Total increase (decrease) in net assets (1,212,387,219) 4,791,599,676 
Net Assets   
Beginning of period 10,118,913,119 5,327,313,443 
End of period $8,906,525,900 $10,118,913,119 
Other Information   
Undistributed net investment income end of period  $16,059,411 

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


Financial Highlights

Fidelity Freedom 2015 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.33 $12.82 $12.03 $12.92 $12.91 
Income from Investment Operations      
Net investment income (loss)A .23 .19 .21 .23 .23 
Net realized and unrealized gain (loss) .08 .97 1.04 (.46) .57 
Total from investment operations .31 1.16 1.25 (.23) .80 
Distributions from net investment income (.24) (.19) (.21) (.23) (.25) 
Distributions from net realized gain (.73) (.46) (.24) (.43) (.54) 
Total distributions (.96)B (.65) (.46)C (.66) (.79) 
Net asset value, end of period $12.68 $13.33 $12.82 $12.03 $12.92 
Total ReturnD 2.74% 9.15% 10.63% (1.83)% 6.42% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .57% .48% - %G - %G - %G 
Expenses net of fee waivers, if any .57% .48% -% -% -% 
Expenses net of all reductions .57% .48% -% -% -% 
Net investment income (loss) 1.82% 1.40% 1.69% 1.87% 1.83% 
Supplemental Data      
Net assets, end of period (000 omitted) $4,946,449 $5,380,580 $5,327,313 $5,354,142 $6,056,161 
Portfolio turnover rateF 19% 23%H 21% 17% 18% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.96 per share is comprised of distributions from net investment income of $.239 and distributions from net realized gain of $.725 per share.

 C 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.

 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 Amount represents less than .005%.

 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 2015 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.31 $13.21 
Income from Investment Operations   
Net investment income (loss)B .24 .22 
Net realized and unrealized gain (loss) .08 .34 
Total from investment operations .32 .56 
Distributions from net investment income (.25) (.18) 
Distributions from net realized gain (.73) (.29) 
Total distributions (.97)C (.46)D 
Net asset value, end of period $12.66 $13.31 
Total ReturnE,F 2.80% 4.25% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .50% .51%I,J 
Expenses net of fee waivers, if any .50% .51%I,J 
Expenses net of all reductions .50% .51%I,J 
Net investment income (loss) 1.89% 2.39%I 
Supplemental Data   
Net assets, end of period (000 omitted) $3,471,921 $4,624,065 
Portfolio turnover rateH 19% 23%K 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.97 per share is comprised of distributions from net investment income of $.246 and distributions from net realized gain of $.725 per share.

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.288 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 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 and expense amounts may cause ratios to differ from contractual rates.

 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 2015 Fund Class K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.32 $13.03 
Income from Investment Operations   
Net investment income (loss)B .25 .21 
Net realized and unrealized gain (loss) .08 .55 
Total from investment operations .33 .76 
Distributions from net investment income (.28) (.18) 
Distributions from net realized gain (.73) (.29) 
Total distributions (1.01) (.47) 
Net asset value, end of period $12.64 $13.32 
Total ReturnC,D 2.87% 5.80% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .41% .42%G 
Expenses net of fee waivers, if any .41% .42%G 
Expenses net of all reductions .41% .42%G 
Net investment income (loss) 1.97% 1.88%G 
Supplemental Data   
Net assets, end of period (000 omitted) $488,156 $114,268 
Portfolio turnover rateF 19% 23%H 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 F Amounts do not include the activity of the 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® 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.5 
Fidelity Series Government Money Market Fund 2.50% 6.6 
Fidelity Series Emerging Markets Opportunities Fund 6.4 
Fidelity Series Intrinsic Opportunities Fund 5.8 
Fidelity Series International Growth Fund 5.7 
Fidelity Series International Value Fund 5.4 
Fidelity Series Inflation-Protected Bond Index Fund 5.3 
Fidelity Series Long-Term Treasury Bond Index Fund 5.1 
Fidelity Series Large Cap Stock Fund 5.0 
Fidelity Series Growth Company Fund 4.8 
 73.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.1% 
   International Equity Funds 20.1% 
   Bond Funds 36.2% 
   Short-Term Funds 8.6% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2020 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $18,601,728) 18,630,000 18,602,097 
 Shares Value 
Domestic Equity Funds - 35.1%   
Fidelity Series All-Sector Equity Fund (b) 36,239,449 $348,985,894 
Fidelity Series Blue Chip Growth Fund (b) 45,995,976 678,440,644 
Fidelity Series Commodity Strategy Fund (b) 135,863,059 648,066,793 
Fidelity Series Growth Company Fund (b) 78,025,693 1,319,414,474 
Fidelity Series Intrinsic Opportunities Fund (b) 98,331,101 1,617,546,617 
Fidelity Series Large Cap Stock Fund (b) 95,473,587 1,398,688,050 
Fidelity Series Large Cap Value Index Fund (b) 32,531,113 403,711,107 
Fidelity Series Opportunistic Insights Fund (b) 40,827,709 713,668,349 
Fidelity Series Small Cap Discovery Fund (b) 17,146,118 190,664,833 
Fidelity Series Small Cap Opportunities Fund (b) 41,997,675 565,288,705 
Fidelity Series Stock Selector Large Cap Value Fund (b) 90,979,463 1,073,557,659 
Fidelity Series Value Discovery Fund (b) 61,229,171 764,752,346 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $7,659,592,314)  9,722,785,471 
International Equity Funds - 20.1%   
Fidelity Series Canada Fund (b) 15,764,870 162,535,812 
Fidelity Series Emerging Markets Fund (b) 19,457,940 190,493,230 
Fidelity Series Emerging Markets Opportunities Fund (b) 96,063,381 1,780,054,457 
Fidelity Series International Growth Fund (b) 103,670,697 1,574,757,886 
Fidelity Series International Small Cap Fund (b) 23,916,801 371,427,916 
Fidelity Series International Value Fund (b) 161,250,885 1,499,633,233 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,652,407,500)  5,578,902,534 
Bond Funds - 36.2%   
Fidelity Series Emerging Markets Debt Fund (b) 19,917,953 191,013,165 
Fidelity Series Floating Rate High Income Fund (b) 4,005,283 37,128,969 
Fidelity Series High Income Fund (b) 26,773,350 251,669,491 
Fidelity Series Inflation-Protected Bond Index Fund (b) 149,557,688 1,462,674,190 
Fidelity Series International Credit Fund (b) 1,862,569 18,420,811 
Fidelity Series Investment Grade Bond Fund (b) 582,922,267 6,517,070,943 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 160,190,238 1,420,887,415 
Fidelity Series Real Estate Income Fund (b) 12,182,734 132,913,632 
TOTAL BOND FUNDS   
(Cost $10,066,536,515)  10,031,778,616 
Short-Term Funds - 8.6%   
Fidelity Cash Central Fund, 2.48% (c) 92,498,946 92,517,446 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 1,841,889,984 1,841,889,984 
Fidelity Series Short-Term Credit Fund (b) 46,632,077 464,921,807 
TOTAL SHORT-TERM FUNDS   
(Cost $2,400,030,441)  2,399,329,237 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $24,797,168,498)  27,751,397,955 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (15,504,635) 
NET ASSETS - 100%  $27,735,893,320 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 160 June 2019 $34,095,000 $141,198 $141,198 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 371 June 2019 42,972,234 474,911 474,911 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 110 June 2019 16,462,188 577,262 577,262 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 252 June 2019 31,303,125 582,218 582,218 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 112 June 2019 18,816,000 936,442 936,442 
TOTAL PURCHASED     2,712,031 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 808 June 2019 114,647,120 (3,470,131) (3,470,131) 
ICE E-mini MSCI EAFE Index Contracts (United States) 195 June 2019 18,197,400 (384,604) (384,604) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,592 June 2019 84,169,040 (1,569,439) (1,569,439) 
TOTAL SOLD     (5,424,174) 
TOTAL FUTURES CONTRACTS     $(2,712,143) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.8%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $18,602,097.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $694,408 
Total $694,408 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $360,400,417 $18 $373,452,465 $-- $134,660,262 $(121,608,232) $-- 
Fidelity Series All-Sector Equity Fund 691,515,664 99,995,093 411,564,891 86,832,370 47,838,025 (78,797,997) 348,985,894 
Fidelity Series Blue Chip Growth Fund 714,854,503 95,691,561 163,225,429 87,649,245 40,156,156 (9,036,147) 678,440,644 
Fidelity Series Canada Fund 169,349,670 9,375,489 18,764,952 3,599,456 (165,078) 2,740,683 162,535,812 
Fidelity Series Commodity Strategy Fund 638,248,050 207,658,146 123,038,477 39,047,541 (63,187,741) (11,613,185) 648,066,793 
Fidelity Series Emerging Markets Debt Fund 209,218,641 13,010,598 20,958,323 11,863,475 (869,704) (9,388,047) 191,013,165 
Fidelity Series Emerging Markets Fund -- 186,524,728 8,649,355 756,125 (260,388) 12,878,245 190,493,230 
Fidelity Series Emerging Markets Opportunities Fund 1,848,959,268 398,993,545 200,202,458 139,442,282 (2,284,536) (265,411,362) 1,780,054,457 
Fidelity Series Floating Rate High Income Fund 69,635,549 3,927,043 35,270,528 3,516,729 (1,926,745) 763,650 37,128,969 
Fidelity Series Government Money Market Fund 2.50% 2,454,122,385 434,813,321 1,047,045,722 44,629,411 -- -- 1,841,889,984 
Fidelity Series Growth Company Fund 1,469,022,731 188,587,101 336,939,568 135,169,335 102,721,449 (103,977,239) 1,319,414,474 
Fidelity Series High Income Fund 434,030,687 27,140,499 204,508,057 24,835,932 (10,228,602) 5,234,964 251,669,491 
Fidelity Series Inflation-Protected Bond Index Fund 347,776,727 1,224,105,510 113,385,412 26,456,248 (6,341,512) 10,518,877 1,462,674,190 
Fidelity Series International Credit Fund 17,926,241 895,169 351,103 895,168 (4,832) (44,664) 18,420,811 
Fidelity Series International Growth Fund 1,737,696,795 231,943,082 312,435,691 101,383,363 46,359,315 (128,805,615) 1,574,757,886 
Fidelity Series International Small Cap Fund 434,859,065 73,641,041 74,034,470 33,432,982 9,719,602 (72,757,322) 371,427,916 
Fidelity Series International Value Fund 1,726,630,081 145,807,899 178,703,896 55,500,144 1,605,800 (195,706,651) 1,499,633,233 
Fidelity Series Intrinsic Opportunities Fund 1,772,722,653 144,836,703 151,715,957 133,845,774 10,176,835 (158,473,617) 1,617,546,617 
Fidelity Series Investment Grade Bond Fund 7,589,645,384 351,434,962 1,502,416,778 222,545,740 (80,238,395) 158,645,770 6,517,070,943 
Fidelity Series Large Cap Stock Fund 1,614,989,603 164,005,621 334,627,488 154,107,735 8,925,317 (54,605,003) 1,398,688,050 
Fidelity Series Large Cap Value Index Fund 448,080,326 21,951,516 71,535,332 19,187,870 5,963,805 (749,208) 403,711,107 
Fidelity Series Long-Term Treasury Bond Index Fund 665,667,185 913,649,561 210,993,349 34,602,326 (7,217,028) 59,781,046 1,420,887,415 
Fidelity Series Opportunistic Insights Fund 783,485,090 63,895,495 145,050,883 58,991,448 37,738,680 (26,400,033) 713,668,349 
Fidelity Series Real Estate Equity Fund 138,627,411 1,050,429 143,649,574 919,961 17,526,868 (13,555,134) -- 
Fidelity Series Real Estate Income Fund 135,680,911 10,686,106 15,900,437 9,785,951 (86,986) 2,534,038 132,913,632 
Fidelity Series Short-Term Credit Fund 587,623,481 17,174,868 144,926,021 13,447,127 (1,993,493) 7,042,972 464,921,807 
Fidelity Series Small Cap Discovery Fund 213,189,712 26,365,356 29,916,605 24,986,561 1,642,311 (20,615,941) 190,664,833 
Fidelity Series Small Cap Opportunities Fund 651,074,180 72,314,368 128,650,686 68,276,002 11,896,781 (41,345,938) 565,288,705 
Fidelity Series Stock Selector Large Cap Value Fund 1,220,429,926 100,816,028 210,853,518 93,259,213 7,740,224 (44,575,001) 1,073,557,659 
Fidelity Series Value Discovery Fund 867,290,850 54,401,037 136,673,032 47,236,805 22,148,511 (42,415,020) 764,752,346 
 $30,012,753,186 $5,284,691,893 $6,849,440,457 $1,676,202,319 $332,014,901 $(1,139,741,111) $27,640,278,412 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $18,602,097 $-- $18,602,097 $-- 
Domestic Equity Funds 9,722,785,471 9,722,785,471 -- -- 
International Equity Funds 5,578,902,534 5,578,902,534 -- -- 
Bond Funds 10,031,778,616 10,031,778,616 -- -- 
Short-Term Funds 2,399,329,237 2,399,329,237 -- -- 
Total Investments in Securities: $27,751,397,955 $27,732,795,858 $18,602,097 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $2,712,031 $2,712,031 $-- $-- 
Total Assets $2,712,031 $2,712,031 $-- $-- 
Liabilities     
Futures Contracts $(5,424,174) $(5,424,174) $-- $-- 
Total Liabilities $(5,424,174) $(5,424,174) $-- $-- 
Total Derivative Instruments: $(2,712,143) $(2,712,143) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(5,424,174) 
Total Equity Risk (5,424,174) 
Interest Rate Risk   
Futures Contracts 2,712,031 
Total Interest Rate Risk 2,712,031 
Total Value of Derivatives $2,712,031 $(5,424,174) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $18,601,728) 
$18,602,097  
Fidelity Central Funds (cost $92,515,806) 92,517,446  
Other affiliated issuers (cost $24,686,050,964) 27,640,278,412  
Total Investment in Securities (cost $24,797,168,498)  $27,751,397,955 
Receivable for investments sold  105,169,981 
Receivable for fund shares sold  68,779,169 
Distributions receivable from Fidelity Central Funds  184,554 
Other receivables  180,432 
Total assets  27,925,712,091 
Liabilities   
Payable for investments purchased $74,153,934  
Payable for fund shares redeemed 99,777,270  
Accrued management fee 12,891,414  
Payable for daily variation margin on futures contracts 2,815,729  
Other payables and accrued expenses 180,424  
Total liabilities  189,818,771 
Net Assets  $27,735,893,320 
Net Assets consist of:   
Paid in capital  $24,093,244,677 
Total distributable earnings (loss)  3,642,648,643 
Net Assets  $27,735,893,320 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($12,395,049,374 ÷ 783,236,449 shares)  $15.83 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,509,100,615 ÷ 854,550,627 shares)  $15.81 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,831,743,331 ÷ 116,047,631 shares)  $15.78 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $675,017,867 
Interest  284,887 
Income from Fidelity Central Funds  694,408 
Total income  675,997,162 
Expenses   
Management fee $160,029,124  
Independent trustees' fees and expenses 136,042  
Total expenses before reductions 160,165,166  
Expense reductions (193)  
Total expenses after reductions  160,164,973 
Net investment income (loss)  515,832,189 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 22,673  
Fidelity Central Funds (1,821)  
Other affiliated issuers 332,014,901  
Futures contracts 20,680,909  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,001,184,452  
Total net realized gain (loss)  1,353,901,114 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 498  
Fidelity Central Funds 1,640  
Other affiliated issuers (1,139,741,111)  
Futures contracts (2,712,143)  
Total change in net unrealized appreciation (depreciation)  (1,142,451,116) 
Net gain (loss)  211,449,998 
Net increase (decrease) in net assets resulting from operations  $727,282,187 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $515,832,189 $395,829,727 
Net realized gain (loss) 1,353,901,114 1,249,079,495 
Change in net unrealized appreciation (depreciation) (1,142,451,116) 265,229,829 
Net increase (decrease) in net assets resulting from operations 727,282,187 1,910,139,051 
Distributions to shareholders (1,867,405,063) – 
Distributions to shareholders from net investment income – (388,661,235) 
Distributions to shareholders from net realized gain – (719,753,000) 
Total distributions (1,867,405,063) (1,108,414,235) 
Share transactions - net increase (decrease) (1,126,115,350) 16,921,166,403 
Total increase (decrease) in net assets (2,266,238,226) 17,722,891,219 
Net Assets   
Beginning of period 30,002,131,546 12,279,240,327 
End of period $27,735,893,320 $30,002,131,546 
Other Information   
Undistributed net investment income end of period  $35,178,913 

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


Financial Highlights

Fidelity Freedom 2020 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $16.51 $15.70 $14.63 $15.76 $15.81 
Income from Investment Operations      
Net investment income (loss)A .28 .22 .25 .28 .28 
Net realized and unrealized gain (loss) .10 1.34 1.40 (.60) .73 
Total from investment operations .38 1.56 1.65 (.32) 1.01 
Distributions from net investment income (.28) (.22) (.26) (.28) (.29) 
Distributions from net realized gain (.78) (.52) (.32) (.53) (.77) 
Total distributions (1.06) (.75)B (.58) (.81) (1.06) 
Net asset value, end of period $15.83 $16.51 $15.70 $14.63 $15.76 
Total ReturnC 2.66% 10.01% 11.57% (2.10)% 6.71% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .61% .52% - %F - %F - %F 
Expenses net of fee waivers, if any .61% .52% -% -% -% 
Expenses net of all reductions .61% .52% -% -% -% 
Net investment income (loss) 1.76% 1.34% 1.69% 1.83% 1.83% 
Supplemental Data      
Net assets, end of period (000 omitted) $12,395,049 $12,916,078 $12,279,240 $11,732,980 $12,868,898 
Portfolio turnover rateD 19% 21%G 19% 17% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.75 per share is comprised of distributions from net investment income of $.221 and distributions from net realized gain of $.524 per share.

 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 Amount represents less than .005%.

 G 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $16.49 $16.24 
Income from Investment Operations   
Net investment income (loss)B .29 .27 
Net realized and unrealized gain (loss) .10 .50 
Total from investment operations .39 .77 
Distributions from net investment income (.29) (.21) 
Distributions from net realized gain (.78) (.31) 
Total distributions (1.07) (.52) 
Net asset value, end of period $15.81 $16.49 
Total ReturnC,D 2.73% 4.73% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .53% .54%G 
Expenses net of fee waivers, if any .53% .54%G 
Expenses net of all reductions .53% .54%G 
Net investment income (loss) 1.84% 2.34%G 
Supplemental Data   
Net assets, end of period (000 omitted) $13,509,101 $16,611,072 
Portfolio turnover rateE 19% 21%H 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 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 2020 Fund Class K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $16.50 $16.00 
Income from Investment Operations   
Net investment income (loss)B .30 .24 
Net realized and unrealized gain (loss) .10 .79 
Total from investment operations .40 1.03 
Distributions from net investment income (.34) (.22) 
Distributions from net realized gain (.78) (.31) 
Total distributions (1.12) (.53) 
Net asset value, end of period $15.78 $16.50 
Total ReturnC,D 2.80% 6.40% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .43% .44%G 
Expenses net of fee waivers, if any .43% .44%G 
Expenses net of all reductions .43% .44%G 
Net investment income (loss) 1.94% 1.79%G 
Supplemental Data   
Net assets, end of period (000 omitted) $1,831,743 $474,981 
Portfolio turnover rateE 19% 21%H 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 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® 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 19.9 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series Intrinsic Opportunities Fund 6.6 
Fidelity Series International Growth Fund 6.3 
Fidelity Series International Value Fund 6.0 
Fidelity Series Large Cap Stock Fund 5.8 
Fidelity Series Long-Term Treasury Bond Index Fund 5.6 
Fidelity Series Growth Company Fund 5.5 
Fidelity Series Government Money Market Fund 2.50% 4.6 
Fidelity Series Stock Selector Large Cap Value Fund 4.4 
 71.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.8% 
   International Equity Funds 22.1% 
   Bond Funds 32.0% 
   Short-Term Funds 6.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2025 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $17,542,813) 17,570,000 17,543,171 
 Shares Value 
Domestic Equity Funds - 39.8%   
Fidelity Series All-Sector Equity Fund (b) 40,677,183 $391,721,273 
Fidelity Series Blue Chip Growth Fund (b) 51,728,611 762,997,010 
Fidelity Series Commodity Strategy Fund (b) 132,650,763 632,744,139 
Fidelity Series Growth Company Fund (b) 87,897,684 1,486,349,840 
Fidelity Series Intrinsic Opportunities Fund (b) 108,452,937 1,784,050,814 
Fidelity Series Large Cap Stock Fund (b) 107,468,546 1,574,414,204 
Fidelity Series Large Cap Value Index Fund (b) 36,745,007 456,005,541 
Fidelity Series Opportunistic Insights Fund (b) 45,947,519 803,162,629 
Fidelity Series Small Cap Discovery Fund (b) 19,269,221 214,273,735 
Fidelity Series Small Cap Opportunities Fund (b) 47,306,950 636,751,550 
Fidelity Series Stock Selector Large Cap Value Fund (b) 102,549,736 1,210,086,884 
Fidelity Series Value Discovery Fund (b) 68,818,310 859,540,695 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,836,375,555)  10,812,098,314 
International Equity Funds - 22.1%   
Fidelity Series Canada Fund (b) 17,301,826 178,381,825 
Fidelity Series Emerging Markets Fund (b) 20,487,661 200,574,206 
Fidelity Series Emerging Markets Opportunities Fund (b) 101,095,314 1,873,296,174 
Fidelity Series International Growth Fund (b) 112,902,226 1,714,984,815 
Fidelity Series International Small Cap Fund (b) 25,981,228 403,488,467 
Fidelity Series International Value Fund (b) 175,564,697 1,632,751,682 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,172,528,499)  6,003,477,169 
Bond Funds - 32.0%   
Fidelity Series Emerging Markets Debt Fund (b) 18,781,305 180,112,714 
Fidelity Series Floating Rate High Income Fund (b) 3,717,104 34,457,552 
Fidelity Series High Income Fund (b) 26,080,294 245,154,766 
Fidelity Series Inflation-Protected Bond Index Fund (b) 115,868,772 1,133,196,586 
Fidelity Series International Credit Fund (b) 1,600,854 15,832,442 
Fidelity Series Investment Grade Bond Fund (b) 483,711,910 5,407,899,151 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 172,276,216 1,528,090,035 
Fidelity Series Real Estate Income Fund (b) 11,792,227 128,653,194 
TOTAL BOND FUNDS   
(Cost $8,685,679,476)  8,673,396,440 
Short-Term Funds - 6.1%   
Fidelity Cash Central Fund, 2.48% (c) 85,455,464 85,472,556 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 1,250,842,921 1,250,842,921 
Fidelity Series Short-Term Credit Fund (b) 31,501,543 314,070,382 
TOTAL SHORT-TERM FUNDS   
(Cost $1,650,885,037)  1,650,385,859 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $24,363,011,380)  27,156,900,953 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (15,742,384) 
NET ASSETS - 100%  $27,141,158,569 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 146 June 2019 $31,111,688 $131,804 $131,804 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 356 June 2019 41,234,813 461,324 461,324 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 113 June 2019 16,911,156 593,006 593,006 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 247 June 2019 30,682,031 570,666 570,666 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 121 June 2019 20,328,000 1,011,691 1,011,691 
TOTAL PURCHASED     2,768,491 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 815 June 2019 115,640,350 (3,500,194) (3,500,194) 
ICE E-mini MSCI EAFE Index Contracts (United States) 251 June 2019 23,423,320 (495,055) (495,055) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,467 June 2019 77,560,290 (1,446,213) (1,446,213) 
TOTAL SOLD      (5,441,462) 
TOTAL FUTURES CONTRACTS     $(2,672,971) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.8%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $17,543,171.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $674,913 
Total $674,913 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $366,746,530 $384 $382,199,252 $-- $139,134,622 $(123,682,284) $-- 
Fidelity Series All-Sector Equity Fund 705,221,492 122,779,714 398,890,501 95,341,574 35,355,124 (72,744,556) 391,721,273 
Fidelity Series Blue Chip Growth Fund 728,890,637 125,997,516 122,296,698 94,798,195 20,345,549 10,060,006 762,997,010 
Fidelity Series Canada Fund 169,257,716 20,430,960 14,054,285 3,860,048 (169,944) 2,917,378 178,381,825 
Fidelity Series Commodity Strategy Fund 582,964,326 215,329,466 94,508,427 37,192,268 (39,030,764) (32,010,462) 632,744,139 
Fidelity Series Emerging Markets Debt Fund 184,835,032 17,578,896 13,297,136 10,826,830 (591,671) (8,412,407) 180,112,714 
Fidelity Series Emerging Markets Fund -- 193,619,994 6,002,485 779,593 (218,816) 13,175,513 200,574,206 
Fidelity Series Emerging Markets Opportunities Fund 1,817,196,161 455,025,209 129,711,571 143,761,838 (6,715,559) (262,498,066) 1,873,296,174 
Fidelity Series Floating Rate High Income Fund 62,801,027 5,585,130 32,799,807 3,248,936 (1,811,250) 682,452 34,457,552 
Fidelity Series Government Money Market Fund 2.50% 1,735,916,271 283,384,543 768,457,893 29,899,656 -- -- 1,250,842,921 
Fidelity Series Growth Company Fund 1,493,068,097 249,824,634 247,798,878 147,962,802 36,755,121 (45,499,134) 1,486,349,840 
Fidelity Series High Income Fund 387,878,745 37,381,612 175,453,212 23,296,476 (7,885,457) 3,233,078 245,154,766 
Fidelity Series Inflation-Protected Bond Index Fund 222,364,297 955,848,173 48,411,846 20,036,104 (884,655) 4,280,617 1,133,196,586 
Fidelity Series International Credit Fund 15,496,785 771,197 392,105 770,487 (5,113) (38,322) 15,832,442 
Fidelity Series International Growth Fund 1,728,455,734 297,536,277 225,635,327 107,728,474 14,673,268 (100,045,137) 1,714,984,815 
Fidelity Series International Small Cap Fund 431,342,797 78,492,822 39,791,734 35,810,431 603,807 (67,159,225) 403,488,467 
Fidelity Series International Value Fund 1,725,207,204 233,459,967 122,846,009 59,122,156 (4,592,613) (198,476,867) 1,632,751,682 
Fidelity Series Intrinsic Opportunities Fund 1,796,627,752 218,226,823 66,845,937 144,219,050 888,023 (164,845,847) 1,784,050,814 
Fidelity Series Investment Grade Bond Fund 5,978,177,564 487,080,822 1,125,400,984 179,120,748 (50,112,036) 118,153,785 5,407,899,151 
Fidelity Series Large Cap Stock Fund 1,631,361,660 231,147,247 235,469,519 164,865,727 2,967,122 (55,592,306) 1,574,414,204 
Fidelity Series Large Cap Value Index Fund 457,041,989 39,685,324 45,600,410 21,112,709 975,449 3,903,189 456,005,541 
Fidelity Series Long-Term Treasury Bond Index Fund 610,405,640 1,034,436,610 176,134,806 36,829,879 (5,549,247) 64,931,838 1,528,090,035 
Fidelity Series Opportunistic Insights Fund 798,825,062 98,131,007 102,367,573 64,978,014 5,100,762 3,473,371 803,162,629 
Fidelity Series Real Estate Equity Fund 142,057,130 1,088,209 147,363,842 964,911 10,969,915 (6,751,412) -- 
Fidelity Series Real Estate Income Fund 121,846,965 14,432,501 9,949,956 9,137,953 (237,983) 2,561,667 128,653,194 
Fidelity Series Short-Term Credit Fund 397,592,784 24,417,777 111,346,492 9,092,728 (1,377,139) 4,783,452 314,070,382 
Fidelity Series Small Cap Discovery Fund 217,412,216 35,744,956 18,481,343 26,699,619 (931,097) (19,470,997) 214,273,735 
Fidelity Series Small Cap Opportunities Fund 663,854,507 101,083,585 94,380,400 73,908,873 5,170,382 (38,976,524) 636,751,550 
Fidelity Series Stock Selector Large Cap Value Fund 1,244,944,162 153,239,446 143,898,186 102,797,841 (1,883,983) (42,314,555) 1,210,086,884 
Fidelity Series Value Discovery Fund 884,624,024 87,907,602 88,935,065 51,954,222 (346,484) (23,709,382) 859,540,695 
 $27,302,414,306 $5,819,668,403 $5,188,721,679 $1,700,118,142 $150,595,333 $(1,030,071,137) $27,053,885,226 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $17,543,171 $-- $17,543,171 $-- 
Domestic Equity Funds 10,812,098,314 10,812,098,314 -- -- 
International Equity Funds 6,003,477,169 6,003,477,169 -- -- 
Bond Funds 8,673,396,440 8,673,396,440 -- -- 
Short-Term Funds 1,650,385,859 1,650,385,859 -- -- 
Total Investments in Securities: $27,156,900,953 $27,139,357,782 $17,543,171 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $2,768,491 $2,768,491 $-- $-- 
Total Assets $2,768,491 $2,768,491 $-- $-- 
Liabilities     
Futures Contracts $(5,441,462) $(5,441,462) $-- $-- 
Total Liabilities $(5,441,462) $(5,441,462) $-- $-- 
Total Derivative Instruments: $(2,672,971) $(2,672,971) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(5,441,462) 
Total Equity Risk (5,441,462) 
Interest Rate Risk   
Futures Contracts 2,768,491 
Total Interest Rate Risk 2,768,491 
Total Value of Derivatives $2,768,491 $(5,441,462) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $17,542,813) 
$17,543,171  
Fidelity Central Funds (cost $85,471,226) 85,472,556  
Other affiliated issuers (cost $24,259,997,341) 27,053,885,226  
Total Investment in Securities (cost $24,363,011,380)  $27,156,900,953 
Receivable for investments sold  101,399,412 
Receivable for fund shares sold  71,550,219 
Distributions receivable from Fidelity Central Funds  169,647 
Total assets  27,330,020,231 
Liabilities   
Payable for investments purchased $50,497,074  
Payable for fund shares redeemed 122,462,681  
Accrued management fee 13,277,604  
Payable for daily variation margin on futures contracts 2,624,303  
Total liabilities  188,861,662 
Net Assets  $27,141,158,569 
Net Assets consist of:   
Paid in capital  $23,634,883,246 
Total distributable earnings (loss)  3,506,275,323 
Net Assets  $27,141,158,569 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($10,953,001,874 ÷ 791,380,619 shares)  $13.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,768,297,705 ÷ 996,332,820 shares)  $13.82 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,419,858,990 ÷ 175,239,764 shares)  $13.81 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $631,705,564 
Interest  262,805 
Income from Fidelity Central Funds  674,913 
Total income  632,643,282 
Expenses   
Management fee $159,735,207  
Independent trustees' fees and expenses 127,129  
Total expenses before reductions 159,862,336  
Expense reductions (59)  
Total expenses after reductions  159,862,277 
Net investment income (loss)  472,781,005 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 23,714  
Fidelity Central Funds (1,176)  
Other affiliated issuers 150,595,333  
Futures contracts 20,400,366  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,068,412,578  
Total net realized gain (loss)  1,239,430,815 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 475  
Fidelity Central Funds 1,330  
Other affiliated issuers (1,030,071,137)  
Futures contracts (2,672,971)  
Total change in net unrealized appreciation (depreciation)  (1,032,742,303) 
Net gain (loss)  206,688,512 
Net increase (decrease) in net assets resulting from operations  $679,469,517 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $472,781,005 $338,806,701 
Net realized gain (loss) 1,239,430,815 1,044,395,111 
Change in net unrealized appreciation (depreciation) (1,032,742,303) 390,546,666 
Net increase (decrease) in net assets resulting from operations 679,469,517 1,773,748,478 
Distributions to shareholders (1,583,201,037) – 
Distributions to shareholders from net investment income – (337,178,441) 
Distributions to shareholders from net realized gain – (559,307,494) 
Total distributions (1,583,201,037) (896,485,935) 
Share transactions - net increase (decrease) 752,961,440 16,650,118,805 
Total increase (decrease) in net assets (150,770,080) 17,527,381,348 
Net Assets   
Beginning of period 27,291,928,649 9,764,547,301 
End of period $27,141,158,569 $27,291,928,649 
Other Information   
Undistributed net investment income end of period  $21,218,019 

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


Financial Highlights

Fidelity Freedom 2025 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.35 $13.50 $12.49 $13.51 $13.49 
Income from Investment Operations      
Net investment income (loss)A .24 .18 .21 .22 .24 
Net realized and unrealized gain (loss) .08 1.26 1.30 (.54) .69 
Total from investment operations .32 1.44 1.51 (.32) .93 
Distributions from net investment income (.23) (.18) (.21) (.23) (.25) 
Distributions from net realized gain (.59) (.41) (.29) (.47) (.66) 
Total distributions (.83)B (.59) (.50) (.70) (.91) 
Net asset value, end of period $13.84 $14.35 $13.50 $12.49 $13.51 
Total ReturnC 2.53% 10.81% 12.46% (2.50)% 7.23% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .65% .56%F - %G - %G - %G 
Expenses net of fee waivers, if any .65% .56%F -% -% -% 
Expenses net of all reductions .65% .56%F -% -% -% 
Net investment income (loss) 1.70% 1.28% 1.66% 1.75% 1.81% 
Supplemental Data      
Net assets, end of period (000 omitted) $10,953,002 $10,923,217 $9,764,547 $8,717,568 $9,054,681 
Portfolio turnover rateD 19% 18%H 19% 17% 19% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.83 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.591 per share.

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

 G Amount represents less than .005%.

 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 2025 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $14.33 $14.02 
Income from Investment Operations   
Net investment income (loss)B .25 .23 
Net realized and unrealized gain (loss) .08 .50 
Total from investment operations .33 .73 
Distributions from net investment income (.24) (.18) 
Distributions from net realized gain (.59) (.24) 
Total distributions (.84)C (.42) 
Net asset value, end of period $13.82 $14.33 
Total ReturnD,E 2.61% 5.18% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .57% .58%H,I 
Expenses net of fee waivers, if any .57% .58%H,I 
Expenses net of all reductions .57% .58%H,I 
Net investment income (loss) 1.79% 2.28%H 
Supplemental Data   
Net assets, end of period (000 omitted) $13,768,298 $15,743,238 
Portfolio turnover rateF 19% 18%J 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.84 per share is comprised of distributions from net investment income of $.244 and distributions from net realized gain of $.591 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 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 2025 Fund Class K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $14.35 $13.80 
Income from Investment Operations   
Net investment income (loss)B .26 .21 
Net realized and unrealized gain (loss) .08 .76 
Total from investment operations .34 .97 
Distributions from net investment income (.29) (.19) 
Distributions from net realized gain (.59) (.24) 
Total distributions (.88) (.42)C 
Net asset value, end of period $13.81 $14.35 
Total ReturnD,E 2.73% 7.02% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .45% .46%H,I 
Expenses net of fee waivers, if any .45% .46%H,I 
Expenses net of all reductions .45% .46%H,I 
Net investment income (loss) 1.90% 1.78%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,419,859 $625,475 
Portfolio turnover rateF 19% 18%J 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.42 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.235 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 15.4 
Fidelity Series Intrinsic Opportunities Fund 7.9 
Fidelity Series Emerging Markets Opportunities Fund 7.8 
Fidelity Series International Growth Fund 7.3 
Fidelity Series International Value Fund 7.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series Growth Company Fund 6.6 
Fidelity Series Long-Term Treasury Bond Index Fund 5.8 
Fidelity Series Stock Selector Large Cap Value Fund 5.3 
Fidelity Series Value Discovery Fund 3.8 
 74.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 47.6% 
   International Equity Funds 25.5% 
   Bond Funds 24.7% 
   Short-Term Funds 2.2% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2030 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.4% 4/4/19 to 6/27/19 (a)   
(Cost $25,064,386) 25,150,000 25,065,500 
 Shares Value 
Domestic Equity Funds - 47.6%   
Fidelity Series All-Sector Equity Fund (b) 59,075,318 $568,895,313 
Fidelity Series Blue Chip Growth Fund (b) 75,979,177 1,120,692,859 
Fidelity Series Commodity Strategy Fund (b) 154,983,759 739,272,528 
Fidelity Series Growth Company Fund (b) 124,825,116 2,110,792,706 
Fidelity Series Intrinsic Opportunities Fund (b) 154,065,431 2,534,376,344 
Fidelity Series Large Cap Stock Fund (b) 153,410,559 2,247,464,693 
Fidelity Series Large Cap Value Index Fund (b) 51,324,909 636,942,117 
Fidelity Series Opportunistic Insights Fund (b) 65,317,228 1,141,745,148 
Fidelity Series Small Cap Discovery Fund (b) 27,701,381 308,039,361 
Fidelity Series Small Cap Opportunities Fund (b) 69,788,923 939,358,907 
Fidelity Series Stock Selector Large Cap Value Fund (b) 145,366,088 1,715,319,843 
Fidelity Series Value Discovery Fund (b) 97,575,673 1,218,720,153 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,471,828,644)  15,281,619,972 
International Equity Funds - 25.5%   
Fidelity Series Canada Fund (b) 23,912,851 246,541,489 
Fidelity Series Emerging Markets Fund (b) 27,489,736 269,124,514 
Fidelity Series Emerging Markets Opportunities Fund (b) 135,584,307 2,512,377,212 
Fidelity Series International Growth Fund (b) 153,848,198 2,336,954,122 
Fidelity Series International Small Cap Fund (b) 35,269,316 547,732,479 
Fidelity Series International Value Fund (b) 243,891,973 2,268,195,348 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $7,124,365,824)  8,180,925,164 
Bond Funds - 24.7%   
Fidelity Series Emerging Markets Debt Fund (b) 21,633,796 207,468,099 
Fidelity Series Floating Rate High Income Fund (b) 4,325,420 40,096,639 
Fidelity Series High Income Fund (b) 29,935,036 281,389,335 
Fidelity Series Inflation-Protected Bond Index Fund (b) 45,130,114 441,372,517 
Fidelity Series International Credit Fund (b) 1,567,441 15,501,991 
Fidelity Series Investment Grade Bond Fund (b) 440,935,335 4,929,657,050 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 208,137,049 1,846,175,629 
Fidelity Series Real Estate Income Fund (b) 13,641,823 148,832,289 
TOTAL BOND FUNDS   
(Cost $7,879,324,762)  7,910,493,549 
Short-Term Funds - 2.2%   
Fidelity Cash Central Fund, 2.48% (c) 164,393,065 164,425,943 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 422,775,907 422,775,907 
Fidelity Series Short-Term Credit Fund (b) 10,606,326 105,745,071 
TOTAL SHORT-TERM FUNDS   
(Cost $692,427,704)  692,946,921 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $28,193,011,320)  32,091,051,106 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (20,283,380) 
NET ASSETS - 100%  $32,070,767,726 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 177 June 2019 $37,717,594 $162,852 $162,852 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 593 June 2019 68,686,078 734,574 734,574 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 99 June 2019 14,815,969 519,536 519,536 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 485 June 2019 60,246,094 1,044,547 1,044,547 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 52 June 2019 8,736,000 434,776 434,776 
TOTAL PURCHASED     2,896,285 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 1,053 June 2019 149,410,170 (4,522,336) (4,522,336) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 2,099 June 2019 110,974,130 (2,069,256) (2,069,256) 
TOTAL SOLD     (6,591,592) 
TOTAL FUTURES CONTRACTS     $(3,695,307) 

The notional amount of futures purchased as a percentage of Net Assets is 0.6%

The notional amount of futures sold as a percentage of Net Assets is 0.8%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $25,065,500.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $946,690 
Total $946,690 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $523,652,000 $24 $549,343,064 $-- $200,853,736 $(175,162,696) $-- 
Fidelity Series All-Sector Equity Fund 1,006,674,195 173,674,731 556,464,017 137,682,503 50,059,104 (105,048,700) 568,895,313 
Fidelity Series Blue Chip Growth Fund 1,040,466,499 185,969,455 147,010,631 138,602,727 19,829,854 21,437,682 1,120,692,859 
Fidelity Series Canada Fund 235,908,154 32,825,215 26,475,030 5,347,465 77,431 4,205,719 246,541,489 
Fidelity Series Commodity Strategy Fund 678,337,536 256,559,010 111,612,507 43,840,891 (42,797,560) (41,213,951) 739,272,528 
Fidelity Series Emerging Markets Debt Fund 210,639,143 21,043,631 13,960,185 12,401,535 (560,886) (9,693,604) 207,468,099 
Fidelity Series Emerging Markets Fund -- 256,030,287 7,150,245 1,040,797 (124,712) 20,369,184 269,124,514 
Fidelity Series Emerging Markets Opportunities Fund 2,446,367,661 578,556,917 147,902,866 191,844,696 (7,722,125) (356,922,375) 2,512,377,212 
Fidelity Series Floating Rate High Income Fund 71,095,281 6,702,631 36,309,973 3,737,488 (2,079,712) 688,412 40,096,639 
Fidelity Series Government Money Market Fund 2.50% 457,362,031 339,998,625 374,584,749 10,850,233 -- -- 422,775,907 
Fidelity Series Growth Company Fund 2,122,560,480 304,763,312 300,501,287 208,468,945 40,558,614 (56,588,413) 2,110,792,706 
Fidelity Series High Income Fund 444,355,054 45,461,262 203,011,465 27,162,455 (9,471,826) 4,056,310 281,389,335 
Fidelity Series Inflation-Protected Bond Index Fund 247,162,137 307,662,539 116,771,355 4,914,863 (2,320,585) 5,639,781 441,372,517 
Fidelity Series International Credit Fund 15,086,864 753,400 296,613 753,340 (4,075) (37,585) 15,501,991 
Fidelity Series International Growth Fund 2,382,946,699 377,270,552 303,282,478 149,130,566 12,245,810 (132,226,461) 2,336,954,122 
Fidelity Series International Small Cap Fund 594,583,372 96,199,579 49,295,260 50,185,425 293,722 (94,048,934) 547,732,479 
Fidelity Series International Value Fund 2,404,694,160 307,015,432 160,125,012 81,694,748 (6,540,146) (276,849,086) 2,268,195,348 
Fidelity Series Intrinsic Opportunities Fund 2,568,837,729 323,315,228 122,410,751 206,423,985 (2,905,291) (232,460,571) 2,534,376,344 
Fidelity Series Investment Grade Bond Fund 4,977,920,975 698,565,299 809,702,786 156,223,641 (25,149,724) 88,023,286 4,929,657,050 
Fidelity Series Large Cap Stock Fund 2,275,914,375 343,227,342 292,843,033 237,026,565 775,940 (79,609,931) 2,247,464,693 
Fidelity Series Large Cap Value Index Fund 652,413,502 60,041,225 82,149,787 30,797,381 1,595,243 5,041,934 636,942,117 
Fidelity Series Long-Term Treasury Bond Index Fund 706,504,608 1,319,556,474 248,540,772 44,723,758 (8,264,531) 76,919,850 1,846,175,629 
Fidelity Series Opportunistic Insights Fund 1,140,294,140 147,263,768 156,169,535 95,173,355 5,512,536 4,844,239 1,141,745,148 
Fidelity Series Real Estate Equity Fund 205,077,929 680,015 212,531,811 485,076 14,711,673 (7,937,806) -- 
Fidelity Series Real Estate Income Fund 139,377,400 17,273,189 10,516,328 10,503,618 (148,627) 2,846,655 148,832,289 
Fidelity Series Short-Term Credit Fund 88,680,442 50,143,025 34,533,921 2,779,133 (56,427) 1,511,952 105,745,071 
Fidelity Series Small Cap Discovery Fund 310,348,477 52,894,594 26,263,038 38,137,095 (1,284,609) (27,656,063) 308,039,361 
Fidelity Series Small Cap Opportunities Fund 947,696,222 150,980,337 107,531,069 108,274,924 4,066,262 (55,852,845) 939,358,907 
Fidelity Series Stock Selector Large Cap Value Fund 1,777,139,590 226,893,729 224,518,079 147,152,369 (5,317,132) (58,878,265) 1,715,319,843 
Fidelity Series Value Discovery Fund 1,262,780,275 131,045,716 139,927,639 74,703,854 (1,904,793) (33,273,406) 1,218,720,153 
 $31,934,876,930 $6,812,366,543 $5,571,735,286 $2,220,063,431 $233,927,164 $(1,507,875,688) $31,901,559,663 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $25,065,500 $-- $25,065,500 $-- 
Domestic Equity Funds 15,281,619,972 15,281,619,972 -- -- 
International Equity Funds 8,180,925,164 8,180,925,164 -- -- 
Bond Funds 7,910,493,549 7,910,493,549 -- -- 
Short-Term Funds 692,946,921 692,946,921 -- -- 
Total Investments in Securities: $32,091,051,106 $32,065,985,606 $25,065,500 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $2,896,285 $2,896,285 $-- $-- 
Total Assets $2,896,285 $2,896,285 $-- $-- 
Liabilities     
Futures Contracts $(6,591,592) $(6,591,592) $-- $-- 
Total Liabilities $(6,591,592) $(6,591,592) $-- $-- 
Total Derivative Instruments: $(3,695,307) $(3,695,307) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(6,591,592) 
Total Equity Risk (6,591,592) 
Interest Rate Risk   
Futures Contracts 2,896,285 
Total Interest Rate Risk 2,896,285 
Total Value of Derivatives $2,896,285 $(6,591,592) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $25,064,386) 
$25,065,500  
Fidelity Central Funds (cost $164,424,838) 164,425,943  
Other affiliated issuers (cost $28,003,522,096) 31,901,559,663  
Total Investment in Securities (cost $28,193,011,320)  $32,091,051,106 
Receivable for investments sold  348,494,198 
Receivable for fund shares sold  79,107,725 
Distributions receivable from Fidelity Central Funds  326,494 
Other receivables  154,257 
Total assets  32,519,133,780 
Liabilities   
Payable for investments purchased $314,944,940  
Payable for fund shares redeemed 112,637,721  
Accrued management fee 16,677,253  
Payable for daily variation margin on futures contracts 3,951,878  
Other payables and accrued expenses 154,262  
Total liabilities  448,366,054 
Net Assets  $32,070,767,726 
Net Assets consist of:   
Paid in capital  $27,189,734,456 
Total distributable earnings (loss)  4,881,033,270 
Net Assets  $32,070,767,726 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($12,905,054,991 ÷ 750,210,861 shares)  $17.20 
Class K:   
Net Asset Value, offering price and redemption price per share ($16,527,856,316 ÷ 961,893,453 shares)  $17.18 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,637,856,419 ÷ 153,670,246 shares)  $17.17 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $726,573,402 
Interest  352,903 
Income from Fidelity Central Funds  946,690 
Total income  727,872,995 
Expenses   
Management fee $199,642,089  
Independent trustees' fees and expenses 149,419  
Total expenses before reductions 199,791,508  
Expense reductions (55)  
Total expenses after reductions  199,791,453 
Net investment income (loss)  528,081,542 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 36,051  
Fidelity Central Funds (495)  
Other affiliated issuers 233,927,164  
Futures contracts 2,911,912  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,493,490,029  
Total net realized gain (loss)  1,730,364,661 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,251  
Fidelity Central Funds 1,105  
Other affiliated issuers (1,507,875,688)  
Futures contracts (3,695,307)  
Total change in net unrealized appreciation (depreciation)  (1,511,568,639) 
Net gain (loss)  218,796,022 
Net increase (decrease) in net assets resulting from operations  $746,877,564 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $528,081,542 $381,629,218 
Net realized gain (loss) 1,730,364,661 1,448,536,874 
Change in net unrealized appreciation (depreciation) (1,511,568,639) 643,449,189 
Net increase (decrease) in net assets resulting from operations 746,877,564 2,473,615,281 
Distributions to shareholders (2,065,119,501) – 
Distributions to shareholders from net investment income – (396,775,824) 
Distributions to shareholders from net realized gain – (769,505,029) 
Total distributions (2,065,119,501) (1,166,280,853) 
Share transactions - net increase (decrease) 1,467,380,800 19,308,625,938 
Total increase (decrease) in net assets 149,138,863 20,615,960,366 
Net Assets   
Beginning of period 31,921,628,863 11,305,668,497 
End of period $32,070,767,726 $31,921,628,863 
Other Information   
Distributions in excess of net investment income end of period  $(146,564) 

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


Financial Highlights

Fidelity Freedom 2030 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $18.00 $16.72 $15.20 $16.62 $16.47 
Income from Investment Operations      
Net investment income (loss)A .28 .21 .25 .25 .27 
Net realized and unrealized gain (loss) .07 1.90 1.90 (.75) .95 
Total from investment operations .35 2.11 2.15 (.50) 1.22 
Distributions from net investment income (.28) (.22) (.25) (.26) (.28) 
Distributions from net realized gain (.87) (.61) (.38) (.67) (.79) 
Total distributions (1.15) (.83) (.63) (.92)B (1.07) 
Net asset value, end of period $17.20 $18.00 $16.72 $15.20 $16.62 
Total ReturnC 2.32% 12.78% 14.58% (3.17)% 7.76% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .69%F .59% - %G - %G - %G 
Expenses net of fee waivers, if any .69%F .59% -% -% -% 
Expenses net of all reductions .69%F .59% -% -% -% 
Net investment income (loss) 1.61% 1.20% 1.57% 1.59% 1.68% 
Supplemental Data      
Net assets, end of period (000 omitted) $12,905,055 $12,684,794 $11,305,668 $10,150,137 $10,883,658 
Portfolio turnover rateD 18% 18%H 17% 16% 17% 

 A Calculated based on average shares outstanding during the period.

 B 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.

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

 G Amount represents less than .005%.

 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 Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $17.98 $17.47 
Income from Investment Operations   
Net investment income (loss)B .30 .28 
Net realized and unrealized gain (loss) .06 .81 
Total from investment operations .36 1.09 
Distributions from net investment income (.29) (.24) 
Distributions from net realized gain (.87) (.35) 
Total distributions (1.16) (.58)C 
Net asset value, end of period $17.18 $17.98 
Total ReturnD,E 2.40% 6.24% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .60% .62%H,I 
Expenses net of fee waivers, if any .60% .62%H,I 
Expenses net of all reductions .60% .62%H,I 
Net investment income (loss) 1.70% 2.23%H 
Supplemental Data   
Net assets, end of period (000 omitted) $16,527,856 $18,414,961 
Portfolio turnover rateF 18% 18%J 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.237 and distributions from net realized gain of $.345 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 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 K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $18.00 $17.15 
Income from Investment Operations   
Net investment income (loss)B .31 .26 
Net realized and unrealized gain (loss) .08 1.18 
Total from investment operations .39 1.44 
Distributions from net investment income (.33) (.24) 
Distributions from net realized gain (.89) (.35) 
Total distributions (1.22) (.59) 
Net asset value, end of period $17.17 $18.00 
Total ReturnC,D 2.57% 8.35% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .47% .48%G,H 
Expenses net of fee waivers, if any .47% .48%G,H 
Expenses net of all reductions .47% .48%G,H 
Net investment income (loss) 1.83% 1.76%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,637,856 $821,874 
Portfolio turnover rateE 18% 18%I 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 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 and expense amounts may cause 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 9.7 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.7 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series International Value Fund 8.3 
Fidelity Series Growth Company Fund 8.0 
Fidelity Series Stock Selector Large Cap Value Fund 6.5 
Fidelity Series Long-Term Treasury Bond Index Fund 5.8 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Opportunistic Insights Fund 4.4 
 73.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.4% 
   International Equity Funds 29.7% 
   Bond Funds 10.8% 
   Short-Term Funds 2.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2035 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/20/19 (a)   
(Cost $13,122,268) 13,150,000 13,122,693 
 Shares Value 
Domestic Equity Funds - 57.4%   
Fidelity Series All-Sector Equity Fund(b) 50,439,890 $485,736,145 
Fidelity Series Blue Chip Growth Fund (b) 62,525,008 922,243,872 
Fidelity Series Commodity Strategy Fund (b) 106,675,660 508,842,899 
Fidelity Series Growth Company Fund (b) 104,627,126 1,769,244,706 
Fidelity Series Intrinsic Opportunities Fund (b) 130,121,337 2,140,495,992 
Fidelity Series Large Cap Stock Fund (b) 128,937,940 1,888,940,826 
Fidelity Series Large Cap Value Index Fund (b) 43,214,774 536,295,348 
Fidelity Series Opportunistic Insights Fund (b) 54,932,067 960,212,537 
Fidelity Series Small Cap Discovery Fund (b) 22,485,240 250,035,864 
Fidelity Series Small Cap Opportunities Fund (b) 57,144,741 769,168,220 
Fidelity Series Stock Selector Large Cap Value Fund (b) 122,201,451 1,441,977,127 
Fidelity Series Value Discovery Fund (b) 81,763,403 1,021,224,899 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,657,572,700)  12,694,418,435 
International Equity Funds - 29.7%   
Fidelity Series Canada Fund (b) 19,460,869 200,641,560 
Fidelity Series Emerging Markets Fund (b) 21,326,052 208,782,053 
Fidelity Series Emerging Markets Opportunities Fund (b) 105,174,467 1,948,882,881 
Fidelity Series International Growth Fund (b) 126,804,726 1,926,163,794 
Fidelity Series International Small Cap Fund (b) 28,915,982 449,065,197 
Fidelity Series International Value Fund (b) 198,285,785 1,844,057,802 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,844,457,565)  6,577,593,287 
Bond Funds - 10.8%   
Fidelity Series Emerging Markets Debt Fund (b) 14,633,515 140,335,409 
Fidelity Series Floating Rate High Income Fund (b) 2,968,903 27,521,732 
Fidelity Series High Income Fund (b) 19,983,581 187,845,665 
Fidelity Series Inflation-Protected Bond Index Fund (b) 6,584,384 64,395,273 
Fidelity Series International Credit Fund (b) 1,043,827 10,323,448 
Fidelity Series Investment Grade Bond Fund (b) 53,261,254 595,460,824 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 143,490,382 1,272,759,684 
Fidelity Series Real Estate Income Fund (b) 9,256,028 100,983,265 
TOTAL BOND FUNDS   
(Cost $2,359,283,282)  2,399,625,300 
Short-Term Funds - 2.1%   
Fidelity Cash Central Fund, 2.48% (c) 91,714,490 91,732,832 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 291,474,846 291,474,846 
Fidelity Series Short-Term Credit Fund (b) 7,312,183 72,902,460 
TOTAL SHORT-TERM FUNDS   
(Cost $455,783,487)  456,110,138 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $19,330,219,302)  22,140,869,853 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (13,959,097) 
NET ASSETS - 100%  $22,126,910,756 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 117 June 2019 $24,931,969 $106,884 $106,884 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 308 June 2019 35,675,063 382,061 382,061 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 110 June 2019 16,462,188 577,261 577,261 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 196 June 2019 24,346,875 436,196 436,196 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 104 June 2019 17,472,000 869,553 869,553 
TOTAL PURCHASED      2,371,955 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 859 June 2019 121,883,510 (3,689,161) (3,689,161) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,315 June 2019 69,524,050 (1,296,369) (1,296,369) 
TOTAL SOLD      (4,985,530) 
TOTAL FUTURES CONTRACTS     $(2,613,575) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.9%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $13,122,693.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $566,940 
Total $566,940 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $418,817,851 $3,601 $440,838,264 $-- $160,376,149 $(138,359,337) $-- 
Fidelity Series All-Sector Equity Fund 805,615,379 169,442,003 439,945,713 117,377,365 33,974,653 (83,350,177) 485,736,145 
Fidelity Series Blue Chip Growth Fund 832,667,609 170,904,209 114,574,192 112,794,418 7,580,394 25,665,852 922,243,872 
Fidelity Series Canada Fund 185,991,221 28,770,490 17,295,582 4,333,742 (254,915) 3,430,346 200,641,560 
Fidelity Series Commodity Strategy Fund 453,122,550 193,802,628 79,645,282 30,187,481 (27,010,307) (31,426,690) 508,842,899 
Fidelity Series Emerging Markets Debt Fund 140,311,483 17,275,102 10,447,533 8,338,387 (390,934) (6,412,709) 140,335,409 
Fidelity Series Emerging Markets Fund -- 207,972,895 9,071,497 806,158 (104,392) 9,985,047 208,782,053 
Fidelity Series Emerging Markets Opportunities Fund 1,945,942,220 450,158,312 159,301,457 148,592,524 5,539,641 (293,455,835) 1,948,882,881 
Fidelity Series Floating Rate High Income Fund 47,711,855 5,661,076 24,893,633 2,541,235 (1,533,551) 575,985 27,521,732 
Fidelity Series Government Money Market Fund 2.50% 352,943,664 317,645,263 379,114,081 7,718,836 -- -- 291,474,846 
Fidelity Series Growth Company Fund 1,693,158,763 290,118,429 195,625,104 172,574,048 8,722,115 (27,129,497) 1,769,244,706 
Fidelity Series High Income Fund 298,102,772 37,832,413 144,218,266 18,983,711 (6,699,920) 2,828,666 187,845,665 
Fidelity Series Inflation-Protected Bond Index Fund 174,598,700 12,590,374 124,188,496 1,331,920 (1,608,167) 3,002,862 64,395,273 
Fidelity Series International Credit Fund 10,076,621 503,623 228,757 502,047 (3,047) (24,992) 10,323,448 
Fidelity Series International Growth Fund 1,868,762,602 368,764,034 209,075,311 120,868,409 (6,387,245) (95,900,286) 1,926,163,794 
Fidelity Series International Small Cap Fund 466,280,560 92,802,222 34,801,967 40,758,797 (1,013,483) (74,202,135) 449,065,197 
Fidelity Series International Value Fund 1,895,917,767 271,299,841 93,325,543 66,311,515 (4,645,527) (225,188,736) 1,844,057,802 
Fidelity Series Intrinsic Opportunities Fund 2,060,082,541 363,442,741 85,729,409 170,934,869 (2,038,269) (195,261,612) 2,140,495,992 
Fidelity Series Investment Grade Bond Fund 615,546,408 347,539,893 372,857,867 15,712,137 (9,997,373) 15,229,763 595,460,824 
Fidelity Series Large Cap Stock Fund 1,821,590,263 320,559,757 186,010,695 193,170,688 474,512 (67,673,011) 1,888,940,826 
Fidelity Series Large Cap Value Index Fund 522,138,865 61,148,660 52,246,180 25,044,912 (33,765) 5,287,768 536,295,348 
Fidelity Series Long-Term Treasury Bond Index Fund 491,792,423 901,942,085 168,205,247 30,932,846 (5,996,748) 53,227,171 1,272,759,684 
Fidelity Series Opportunistic Insights Fund 912,528,026 141,672,882 101,357,307 78,067,480 2,650,240 4,718,696 960,212,537 
Fidelity Series Real Estate Equity Fund 164,451,251 839,371 170,955,908 599,773 6,052,433 (387,147) -- 
Fidelity Series Real Estate Income Fund 92,891,573 14,077,469 7,818,369 7,079,003 (152,025) 1,984,617 100,983,265 
Fidelity Series Short-Term Credit Fund 63,956,869 32,181,985 24,226,298 1,985,725 (37,294) 1,027,198 72,902,460 
Fidelity Series Small Cap Discovery Fund 246,110,044 48,110,775 20,939,380 30,673,133 (851,388) (22,394,187) 250,035,864 
Fidelity Series Small Cap Opportunities Fund 755,904,140 140,007,540 84,356,055 87,878,355 921,258 (43,308,663) 769,168,220 
Fidelity Series Stock Selector Large Cap Value Fund 1,415,005,805 236,524,650 154,389,989 122,234,915 (2,943,392) (52,219,947) 1,441,977,127 
Fidelity Series Value Discovery Fund 1,003,212,077 131,492,640 84,116,739 61,289,043 (1,445,979) (27,917,100) 1,021,224,899 
 $21,755,231,902 $5,375,086,963 $3,989,800,121 1,679,623,472 $153,143,674 $(1,257,648,090) $22,036,014,328 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $13,122,693 $-- $13,122,693 $-- 
Domestic Equity Funds 12,694,418,435 12,694,418,435 -- -- 
International Equity Funds 6,577,593,287 6,577,593,287 -- -- 
Bond Funds 2,399,625,300 2,399,625,300 -- -- 
Short-Term Funds 456,110,138 456,110,138 -- -- 
Total Investments in Securities: $22,140,869,853 $22,127,747,160 $13,122,693 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $2,371,955 $2,371,955 $-- $-- 
Total Assets $2,371,955 $2,371,955 $-- $-- 
Liabilities     
Futures Contracts $(4,985,530) $(4,985,530) $-- $-- 
Total Liabilities $(4,985,530) $(4,985,530) $-- $-- 
Total Derivative Instruments: $(2,613,575) $(2,613,575) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(4,985,530) 
Total Equity Risk (4,985,530) 
Interest Rate Risk   
Futures Contracts 2,371,955 
Total Interest Rate Risk 2,371,955 
Total Value of Derivatives $2,371,955 $(4,985,530) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $13,122,268) 
$13,122,693  
Fidelity Central Funds (cost $91,731,928) 91,732,832  
Other affiliated issuers (cost $19,225,365,106) 22,036,014,328  
Total Investment in Securities (cost $19,330,219,302)  $22,140,869,853 
Receivable for investments sold  188,752,142 
Receivable for fund shares sold  62,597,634 
Distributions receivable from Fidelity Central Funds  179,557 
Total assets  22,392,399,186 
Liabilities   
Payable for investments purchased $151,140,078  
Payable for fund shares redeemed 100,194,301  
Accrued management fee 12,098,978  
Payable for daily variation margin on futures contracts 2,055,073  
Total liabilities  265,488,430 
Net Assets  $22,126,910,756 
Net Assets consist of:   
Paid in capital  $18,549,647,128 
Total distributable earnings (loss)  3,577,263,628 
Net Assets  $22,126,910,756 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($8,247,885,759 ÷ 571,789,912 shares)  $14.42 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,661,819,287 ÷ 809,707,361 shares)  $14.40 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,217,205,710 ÷ 154,037,588 shares)  $14.39 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $465,028,069 
Interest  229,582 
Income from Fidelity Central Funds  566,940 
Total income  465,824,591 
Expenses   
Management fee $144,313,031  
Independent trustees' fees and expenses 102,556  
Total expenses before reductions 144,415,587  
Expense reductions (351)  
Total expenses after reductions  144,415,236 
Net investment income (loss)  321,409,355 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 60,724  
Fidelity Central Funds (801)  
Other affiliated issuers 153,143,674  
Futures contracts (4,925,437)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,214,595,403  
Total net realized gain (loss)  1,362,873,563 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 425  
Fidelity Central Funds 904  
Other affiliated issuers (1,257,648,090)  
Futures contracts (2,613,575)  
Total change in net unrealized appreciation (depreciation)  (1,260,260,336) 
Net gain (loss)  102,613,227 
Net increase (decrease) in net assets resulting from operations  $424,022,582 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $321,409,355 $234,969,726 
Net realized gain (loss) 1,362,873,563 967,655,889 
Change in net unrealized appreciation (depreciation) (1,260,260,336) 651,152,594 
Net increase (decrease) in net assets resulting from operations 424,022,582 1,853,778,209 
Distributions to shareholders (1,465,758,420) – 
Distributions to shareholders from net investment income – (255,443,857) 
Distributions to shareholders from net realized gain – (469,405,267) 
Total distributions (1,465,758,420) (724,849,124) 
Share transactions - net increase (decrease) 1,425,813,293 13,724,076,087 
Total increase (decrease) in net assets 384,077,455 14,853,005,172 
Net Assets   
Beginning of period 21,742,833,301 6,889,828,129 
End of period $22,126,910,756 $21,742,833,301 

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


Financial Highlights

Fidelity Freedom 2035 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.20 $13.88 $12.46 $13.67 $13.62 
Income from Investment Operations      
Net investment income (loss)A .21 .16 .19 .19 .22 
Net realized and unrealized gain (loss) .01 1.81 1.75 (.65) .80 
Total from investment operations .22 1.97 1.94 (.46) 1.02 
Distributions from net investment income (.22) (.17) (.18) (.20) (.23) 
Distributions from net realized gain (.78) (.47) (.34) (.55) (.75) 
Total distributions (1.00) (.65)B (.52) (.75) (.97)C 
Net asset value, end of period $14.42 $15.20 $13.88 $12.46 $13.67 
Total ReturnD 1.85% 14.32% 16.09% (3.59)% 7.90% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .74% .63%G - %H - %H - %H 
Expenses net of fee waivers, if any .74% .63%G -% -% -% 
Expenses net of all reductions .74% .63%G -% -% -% 
Net investment income (loss) 1.41% 1.06% 1.45% 1.48% 1.62% 
Supplemental Data      
Net assets, end of period (000 omitted) $8,247,886 $8,050,659 $6,889,828 $5,961,088 $6,289,345 
Portfolio turnover rateE 18% 17%I 16% 15% 18% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.65 per share is comprised of distributions from net investment income of $.171 and distributions from net realized gain of $.474 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 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 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 2035 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.18 $14.60 
Income from Investment Operations   
Net investment income (loss)B .22 .22 
Net realized and unrealized gain (loss) .01 .82 
Total from investment operations .23 1.04 
Distributions from net investment income (.23) (.19) 
Distributions from net realized gain (.78) (.26) 
Total distributions (1.01) (.46)C 
Net asset value, end of period $14.40 $15.18 
Total ReturnD,E 1.95% 7.09% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64% .65%H,I 
Expenses net of fee waivers, if any .64% .65%H,I 
Expenses net of all reductions .64% .65%H,I 
Net investment income (loss) 1.51% 2.07%H 
Supplemental Data   
Net assets, end of period (000 omitted) $11,661,819 $12,979,898 
Portfolio turnover rateF 18% 17%J 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.264 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 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 K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.20 $14.30 
Income from Investment Operations   
Net investment income (loss)B .24 .20 
Net realized and unrealized gain (loss) .01 1.16 
Total from investment operations .25 1.36 
Distributions from net investment income (.27) (.20) 
Distributions from net realized gain (.79) (.26) 
Total distributions (1.06) (.46) 
Net asset value, end of period $14.39 $15.20 
Total ReturnC,D 2.10% 9.50% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .49% .50%G,H 
Expenses net of fee waivers, if any .49% .50%G,H 
Expenses net of all reductions .49% .50%G,H 
Net investment income (loss) 1.65% 1.61%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,217,206 $712,276 
Portfolio turnover rateE 18% 17%I 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 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 and expense amounts may cause 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.0 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.9 
Fidelity Series Growth Company Fund 8.9 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.4 
 75.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.8% 
   International Equity Funds 31.3% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2040 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $11,487,727) 11,490,000 11,487,739 
 Shares Value 
Domestic Equity Funds - 60.8%   
Fidelity Series All-Sector Equity Fund (b) 57,952,261 $558,080,270 
Fidelity Series Blue Chip Growth Fund (b) 67,219,607 991,489,200 
Fidelity Series Commodity Strategy Fund (b) 117,048,922 558,323,357 
Fidelity Series Growth Company Fund (b) 118,066,041 1,996,496,748 
Fidelity Series Intrinsic Opportunities Fund (b) 136,358,573 2,243,098,529 
Fidelity Series Large Cap Stock Fund (b) 136,914,117 2,005,791,811 
Fidelity Series Large Cap Value Index Fund (b) 45,612,797 566,054,815 
Fidelity Series Opportunistic Insights Fund (b) 59,090,216 1,032,896,974 
Fidelity Series Small Cap Discovery Fund (b) 23,423,226 260,466,275 
Fidelity Series Small Cap Opportunities Fund (b) 60,845,057 818,974,463 
Fidelity Series Stock Selector Large Cap Value Fund (b) 130,160,737 1,535,896,694 
Fidelity Series Value Discovery Fund (b) 86,138,127 1,075,865,209 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $11,424,043,000)  13,643,434,345 
International Equity Funds - 31.3%   
Fidelity Series Canada Fund (b) 20,736,949 213,797,940 
Fidelity Series Emerging Markets Fund (b) 22,396,756 219,264,240 
Fidelity Series Emerging Markets Opportunities Fund (b) 110,648,289 2,050,312,796 
Fidelity Series International Growth Fund (b) 138,009,768 2,096,368,378 
Fidelity Series International Small Cap Fund (b) 31,189,246 484,368,989 
Fidelity Series International Value Fund (b) 210,835,330 1,960,768,572 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,249,572,052)  7,024,880,915 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 14,867,638 142,580,650 
Fidelity Series Floating Rate High Income Fund (b) 3,003,698 27,844,283 
Fidelity Series High Income Fund (b) 25,381,916 238,590,013 
Fidelity Series Inflation-Protected Bond Index Fund (b) 6,676,622 65,297,368 
Fidelity Series International Credit Fund (b) 1,014,729 10,035,669 
Fidelity Series Investment Grade Bond Fund (b) 12,292,912 137,434,757 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 90,499,078 802,726,823 
Fidelity Series Real Estate Income Fund (b) 9,490,830 103,544,954 
TOTAL BOND FUNDS   
(Cost $1,509,312,665)  1,528,054,517 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 34,220,402 34,227,246 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 161,417,474 161,417,474 
Fidelity Series Short-Term Credit Fund (b) 4,469,640 44,562,312 
TOTAL SHORT-TERM FUNDS   
(Cost $240,109,456)  240,207,032 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $19,434,524,900)  22,448,064,548 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (13,105,805) 
NET ASSETS - 100%  $22,434,958,743 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 103 June 2019 $14,614,670 $26 $26 
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 32 June 2019 6,819,000 26,905 26,905 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 79 June 2019 9,150,422 90,482 90,482 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 44 June 2019 6,584,875 230,905 230,905 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 51 June 2019 6,335,156 113,947 113,947 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 67 June 2019 11,256,000 560,192 560,192 
TOTAL TREASURY CONTRACTS     1,022,431 
TOTAL PURCHASED     1,022,457 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 93 June 2019 8,678,760 (183,427) (183,427) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,137 June 2019 60,113,190 (1,120,889) (1,120,889) 
TOTAL SOLD     (1,304,316) 
TOTAL FUTURES CONTRACTS     $(281,859) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $4,404,133.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $404,016 
Total $404,016 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $443,201,000 $27,501 $474,621,171 $-- $177,785,602 $(146,392,932) $-- 
Fidelity Series All-Sector Equity Fund 852,293,455 174,965,168 404,659,418 135,239,392 30,482,635 (95,001,570) 558,080,270 
Fidelity Series Blue Chip Growth Fund 880,936,658 179,810,832 103,089,783 121,277,326 6,087,051 27,744,442 991,489,200 
Fidelity Series Canada Fund 196,369,345 29,886,597 15,741,289 4,627,555 (133,497) 3,416,784 213,797,940 
Fidelity Series Commodity Strategy Fund 466,509,085 229,809,127 75,789,474 32,672,686 (28,230,565) (33,974,816) 558,323,357 
Fidelity Series Emerging Markets Debt Fund 144,474,691 16,291,565 11,169,369 8,527,508 (399,799) (6,616,438) 142,580,650 
Fidelity Series Emerging Markets Fund -- 217,031,196 7,007,087 849,270 (192,143) 9,432,274 219,264,240 
Fidelity Series Emerging Markets Opportunities Fund 2,040,911,915 508,029,323 189,166,756 156,793,131 3,293,494 (312,755,180) 2,050,312,796 
Fidelity Series Floating Rate High Income Fund 48,961,247 5,209,492 25,441,614 2,571,377 (1,469,187) 584,345 27,844,283 
Fidelity Series Government Money Market Fund 2.50% 359,251,220 372,105,049 569,938,795 5,673,686 -- -- 161,417,474 
Fidelity Series Growth Company Fund 1,792,770,541 389,182,200 159,124,548 195,366,983 1,691,958 (28,023,403) 1,996,496,748 
Fidelity Series High Income Fund 309,170,419 35,755,267 102,401,099 19,381,839 (4,851,580) 917,006 238,590,013 
Fidelity Series Inflation-Protected Bond Index Fund 179,663,816 20,883,665 136,421,851 1,373,825 (1,785,812) 2,957,550 65,297,368 
Fidelity Series International Credit Fund 9,784,897 488,783 210,862 487,918 (2,839) (24,310) 10,035,669 
Fidelity Series International Growth Fund 1,977,736,139 407,197,272 178,165,706 129,015,132 (6,169,819) (104,229,508) 2,096,368,378 
Fidelity Series International Small Cap Fund 493,473,677 98,258,005 25,212,590 43,577,741 (1,222,771) (80,927,332) 484,368,989 
Fidelity Series International Value Fund 2,001,758,300 298,004,915 92,123,040 70,730,892 (4,799,772) (242,071,831) 1,960,768,572 
Fidelity Series Intrinsic Opportunities Fund 2,182,350,576 339,756,279 75,988,437 178,032,279 (1,309,906) (201,709,983) 2,243,098,529 
Fidelity Series Investment Grade Bond Fund 106,425,476 51,643,302 23,100,791 3,697,792 (353,094) 2,819,864 137,434,757 
Fidelity Series Large Cap Stock Fund 1,927,084,035 325,502,767 176,238,498 203,829,322 251,786 (70,808,279) 2,005,791,811 
Fidelity Series Large Cap Value Index Fund 549,397,749 59,945,549 49,006,812 26,128,816 50,252 5,668,077 566,054,815 
Fidelity Series Long-Term Treasury Bond Index Fund 501,632,815 549,521,918 278,741,679 21,745,371 (8,370,029) 38,683,798 802,726,823 
Fidelity Series Opportunistic Insights Fund 965,411,695 143,877,671 83,467,132 83,224,638 1,701,416 5,373,324 1,032,896,974 
Fidelity Series Real Estate Equity Fund 176,406,153 1,945,989 185,854,727 1,804,383 8,722,617 (1,220,032) -- 
Fidelity Series Real Estate Income Fund 96,629,351 13,386,281 8,367,708 7,305,534 (131,305) 2,028,335 103,544,954 
Fidelity Series Short-Term Credit Fund 65,675,427 11,942,998 33,651,555 1,634,189 (216,700) 812,142 44,562,312 
Fidelity Series Small Cap Discovery Fund 257,910,452 49,591,764 22,957,057 32,060,239 (736,554) (23,342,330) 260,466,275 
Fidelity Series Small Cap Opportunities Fund 796,470,742 144,665,147 76,285,745 93,812,196 116,824 (45,992,505) 818,974,463 
Fidelity Series Stock Selector Large Cap Value Fund 1,499,209,905 236,845,376 143,085,585 129,358,967 (3,606,977) (53,466,025) 1,535,896,694 
Fidelity Series Value Discovery Fund 1,063,662,736 135,554,875 92,667,688 64,770,376 (1,507,261) (29,177,453) 1,075,865,209 
 $22,385,533,517 $5,047,115,873 $3,819,697,866 $1,775,570,363 $164,694,025 $(1,375,295,986) $22,402,349,563 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $11,487,739 $-- $11,487,739 $-- 
Domestic Equity Funds 13,643,434,345 13,643,434,345 -- -- 
International Equity Funds 7,024,880,915 7,024,880,915 -- -- 
Bond Funds 1,528,054,517 1,528,054,517 -- -- 
Short-Term Funds 240,207,032 240,207,032 -- -- 
Total Investments in Securities: $22,448,064,548 $22,436,576,809 $11,487,739 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $1,022,457 $1,022,457 $-- $-- 
Total Assets $1,022,457 $1,022,457 $-- $-- 
Liabilities     
Futures Contracts $(1,304,316) $(1,304,316) $-- $-- 
Total Liabilities $(1,304,316) $(1,304,316) $-- $-- 
Total Derivative Instruments: $(281,859) $(281,859) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $26 $(1,304,316) 
Total Equity Risk 26 (1,304,316) 
Interest Rate Risk   
Futures Contracts 1,022,431 
Total Interest Rate Risk 1,022,431 
Total Value of Derivatives $1,022,457 $(1,304,316) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $11,487,727) 
$11,487,739  
Fidelity Central Funds (cost $34,226,829) 34,227,246  
Other affiliated issuers (cost $19,388,810,344) 22,402,349,563  
Total Investment in Securities (cost $19,434,524,900)  $22,448,064,548 
Receivable for investments sold  68,786,034 
Receivable for fund shares sold  62,050,518 
Distributions receivable from Fidelity Central Funds  65,208 
Total assets  22,578,966,308 
Liabilities   
Payable for investments purchased $31,700,295  
Payable for fund shares redeemed 99,128,320  
Accrued management fee 12,448,242  
Payable for daily variation margin on futures contracts 728,608  
Other payables and accrued expenses 2,100  
Total liabilities  144,007,565 
Net Assets  $22,434,958,743 
Net Assets consist of:   
Paid in capital  $18,606,216,355 
Total distributable earnings (loss)  3,828,742,388 
Net Assets  $22,434,958,743 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($8,404,848,263 ÷ 833,381,060 shares)  $10.09 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,994,623,332 ÷ 1,190,375,087 shares)  $10.08 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,035,487,148 ÷ 202,392,610 shares)  $10.06 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $466,956,590 
Interest  235,555 
Income from Fidelity Central Funds  404,016 
Total income  467,596,161 
Expenses   
Management fee $149,329,028  
Independent trustees' fees and expenses 104,989  
Total expenses before reductions 149,434,017  
Expense reductions (42)  
Total expenses after reductions  149,433,975 
Net investment income (loss)  318,162,186 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 63,271  
Fidelity Central Funds (353)  
Other affiliated issuers 164,694,025  
Futures contracts (12,140,524)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,308,613,773  
Total net realized gain (loss)  1,461,230,192 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 12  
Fidelity Central Funds 417  
Other affiliated issuers (1,375,295,986)  
Futures contracts (281,859)  
Total change in net unrealized appreciation (depreciation)  (1,375,577,416) 
Net gain (loss)  85,652,776 
Net increase (decrease) in net assets resulting from operations  $403,814,962 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $318,162,186 $241,539,734 
Net realized gain (loss) 1,461,230,192 1,033,195,358 
Change in net unrealized appreciation (depreciation) (1,375,577,416) 685,250,223 
Net increase (decrease) in net assets resulting from operations 403,814,962 1,959,985,315 
Distributions to shareholders (1,543,664,947) – 
Distributions to shareholders from net investment income – (266,263,160) 
Distributions to shareholders from net realized gain – (509,942,580) 
Total distributions (1,543,664,947) (776,205,740) 
Share transactions - net increase (decrease) 1,202,056,606 13,924,513,839 
Total increase (decrease) in net assets 62,206,621 15,108,293,414 
Net Assets   
Beginning of period 22,372,752,122 7,264,458,708 
End of period $22,434,958,743 $22,372,752,122 

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


Financial Highlights

Fidelity Freedom 2040 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $10.67 $9.74 $8.75 $9.63 $9.62 
Income from Investment Operations      
Net investment income (loss)A .14 .11 .13 .13 .15 
Net realized and unrealized gain (loss) B 1.29 1.24 (.46) .57 
Total from investment operations .14 1.40 1.37 (.33) .72 
Distributions from net investment income (.15) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.57) (.35) (.24) (.41) (.55) 
Total distributions (.72) (.47) (.38)C (.55) (.71) 
Net asset value, end of period $10.09 $10.67 $9.74 $8.75 $9.63 
Total ReturnD 1.79% 14.52% 16.14% (3.62)% 7.86% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .75% .63%G - %H - %H - %H 
Expenses net of fee waivers, if any .75% .63%G -% -% -% 
Expenses net of all reductions .75% .63%G -% -% -% 
Net investment income (loss) 1.36% 1.04% 1.44% 1.47% 1.61% 
Supplemental Data      
Net assets, end of period (000 omitted) $8,404,848 $8,285,660 $7,264,459 $6,388,566 $6,901,191 
Portfolio turnover rateE 17% 16%I 15% 16% 17% 

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

 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 2040 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.25 
Income from Investment Operations   
Net investment income (loss)B .15 .15 
Net realized and unrealized gain (loss) C .59 
Total from investment operations .15 .74 
Distributions from net investment income (.16) (.14) 
Distributions from net realized gain (.57) (.19) 
Total distributions (.73) (.33) 
Net asset value, end of period $10.08 $10.66 
Total ReturnD,E 1.87% 7.21% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64% .65%H,I 
Expenses net of fee waivers, if any .64% .65%H,I 
Expenses net of all reductions .64% .65%H,I 
Net investment income (loss) 1.46% 2.06%H 
Supplemental Data   
Net assets, end of period (000 omitted) $11,994,623 $13,434,642 
Portfolio turnover rateF 17% 16%J 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

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

 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 K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.03 
Income from Investment Operations   
Net investment income (loss)B .16 .13 
Net realized and unrealized gain (loss) .01 .83 
Total from investment operations .17 .96 
Distributions from net investment income (.19) (.14) 
Distributions from net realized gain (.58) (.19) 
Total distributions (.77) (.33) 
Net asset value, end of period $10.06 $10.66 
Total ReturnC,D 2.06% 9.60% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .50%G .50%G,H 
Expenses net of fee waivers, if any .50%G .50%G,H 
Expenses net of all reductions .50%G .50%G,H 
Net investment income (loss) 1.61% 1.55%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,035,487 $652,451 
Portfolio turnover rateE 17% 16%I 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

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

 H Annualized

 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series Growth Company Fund 8.9 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.4 
 75.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 31.3% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2045 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $6,798,655) 6,800,000 6,798,662 
 Shares Value 
Domestic Equity Funds - 60.9%   
Fidelity Series All-Sector Equity Fund (b) 35,592,846 $342,759,111 
Fidelity Series Blue Chip Growth Fund (b) 41,330,022 609,617,828 
Fidelity Series Commodity Strategy Fund (b) 72,057,316 343,713,396 
Fidelity Series Growth Company Fund (b) 72,716,028 1,229,628,037 
Fidelity Series Intrinsic Opportunities Fund (b) 84,461,347 1,389,389,164 
Fidelity Series Large Cap Stock Fund (b) 84,446,015 1,237,134,113 
Fidelity Series Large Cap Value Index Fund (b) 28,093,416 348,639,288 
Fidelity Series Opportunistic Insights Fund (b) 36,422,646 636,667,857 
Fidelity Series Small Cap Discovery Fund (b) 14,392,188 160,041,128 
Fidelity Series Small Cap Opportunities Fund (b) 37,445,918 504,022,058 
Fidelity Series Stock Selector Large Cap Value Fund (b) 80,102,025 945,203,894 
Fidelity Series Value Discovery Fund (b) 53,015,285 662,160,913 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $7,220,497,135)  8,408,976,787 
International Equity Funds - 31.3%   
Fidelity Series Canada Fund (b) 12,759,395 131,549,368 
Fidelity Series Emerging Markets Fund (b) 13,775,148 134,858,698 
Fidelity Series Emerging Markets Opportunities Fund (b) 68,039,197 1,260,766,325 
Fidelity Series International Growth Fund (b) 84,915,431 1,289,865,390 
Fidelity Series International Small Cap Fund (b) 19,189,229 298,008,728 
Fidelity Series International Value Fund (b) 129,726,153 1,206,453,222 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,906,978,176)  4,321,501,731 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 9,020,529 86,506,877 
Fidelity Series Floating Rate High Income Fund (b) 1,849,790 17,147,554 
Fidelity Series High Income Fund (b) 15,608,659 146,721,391 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,107,893 40,175,190 
Fidelity Series International Credit Fund (b) 603,737 5,970,961 
Fidelity Series Investment Grade Bond Fund (b) 7,480,933 83,636,826 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 55,678,711 493,870,168 
Fidelity Series Real Estate Income Fund (b) 5,764,401 62,889,620 
TOTAL BOND FUNDS   
(Cost $923,507,913)  936,918,587 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 20,576,302 20,580,417 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 99,322,094 99,322,094 
Fidelity Series Short-Term Credit Fund (b) 2,745,011 27,367,758 
TOTAL SHORT-TERM FUNDS   
(Cost $147,196,837)  147,270,269 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $12,204,978,716)  13,821,466,036 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (7,972,997) 
NET ASSETS - 100%  $13,813,493,039 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 21 June 2019 $4,474,969 $17,761 $17,761 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 52 June 2019 6,023,063 59,528 59,528 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 28 June 2019 4,190,375 146,940 146,940 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 34 June 2019 4,223,438 75,225 75,225 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 42 June 2019 7,056,000 351,165 351,165 
TOTAL PURCHASED     650,619 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 47 June 2019 4,386,040 (92,700) (92,700) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 676 June 2019 35,740,120 (666,420) (666,420) 
TOTAL SOLD      (759,120) 
TOTAL FUTURES CONTRACTS     $(108,501) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,628,483.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $240,668 
Total $240,668 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $263,182,195 $35,408 $281,858,315 $-- $118,503,464 $(99,862,752) $-- 
Fidelity Series All-Sector Equity Fund 507,057,960 122,923,424 247,272,614 82,492,757 16,938,518 (56,888,177) 342,759,111 
Fidelity Series Blue Chip Growth Fund 524,034,296 131,087,690 66,117,732 73,270,154 2,555,383 18,058,191 609,617,828 
Fidelity Series Canada Fund 116,819,435 23,551,973 10,798,228 2,824,137 (65,375) 2,041,563 131,549,368 
Fidelity Series Commodity Strategy Fund 278,070,063 151,264,361 48,013,803 19,718,549 (16,843,393) (20,763,832) 343,713,396 
Fidelity Series Emerging Markets Debt Fund 84,775,451 13,100,834 7,280,917 5,092,373 (294,625) (3,793,866) 86,506,877 
Fidelity Series Emerging Markets Fund -- 134,198,626 5,055,451 518,468 (95,742) 5,811,265 134,858,698 
Fidelity Series Emerging Markets Opportunities Fund 1,214,195,749 343,013,556 112,122,064 95,718,070 320,929 (184,641,845) 1,260,766,325 
Fidelity Series Floating Rate High Income Fund 29,413,979 4,299,137 16,025,857 1,567,476 (1,057,454) 517,749 17,147,554 
Fidelity Series Government Money Market Fund 2.50% 212,944,275 232,074,472 345,696,653 3,434,546 -- -- 99,322,094 
Fidelity Series Growth Company Fund 1,066,317,020 287,898,017 107,447,102 119,560,204 (811,619) (16,328,279) 1,229,628,037 
Fidelity Series High Income Fund 182,802,662 28,563,303 62,283,868 11,709,473 (2,729,500) 368,794 146,721,391 
Fidelity Series Inflation-Protected Bond Index Fund 107,538,333 15,127,778 83,190,038 837,727 (1,129,327) 1,828,444 40,175,190 
Fidelity Series International Credit Fund 5,867,034 291,938 171,404 290,857 (2,178) (14,429) 5,970,961 
Fidelity Series International Growth Fund 1,176,177,691 296,545,811 116,790,017 78,773,999 (3,936,396) (62,131,699) 1,289,865,390 
Fidelity Series International Small Cap Fund 293,469,300 69,326,469 15,160,780 26,608,831 (970,093) (48,656,168) 298,008,728 
Fidelity Series International Value Fund 1,190,569,587 224,132,051 59,074,076 43,188,160 (3,671,817) (145,502,523) 1,206,453,222 
Fidelity Series Intrinsic Opportunities Fund 1,296,043,058 272,799,763 56,472,238 107,433,841 (429,610) (122,551,809) 1,389,389,164 
Fidelity Series Investment Grade Bond Fund 63,493,715 33,691,762 15,059,078 2,233,992 (233,046) 1,743,473 83,636,826 
Fidelity Series Large Cap Stock Fund 1,146,756,357 246,545,989 113,231,065 123,091,805 158,933 (43,096,101) 1,237,134,113 
Fidelity Series Large Cap Value Index Fund 326,476,656 50,315,775 31,446,905 15,986,344 (133,617) 3,427,379 348,639,288 
Fidelity Series Long-Term Treasury Bond Index Fund 298,749,888 346,603,831 170,495,494 13,181,571 (4,565,673) 23,577,616 493,870,168 
Fidelity Series Opportunistic Insights Fund 574,264,670 113,162,281 54,450,427 50,912,659 (185,570) 3,876,903 636,667,857 
Fidelity Series Real Estate Equity Fund 104,846,888 1,163,810 110,503,750 1,022,178 2,026,500 2,466,552 -- 
Fidelity Series Real Estate Income Fund 56,559,805 10,635,004 5,452,490 4,362,894 (79,439) 1,226,740 62,889,620 
Fidelity Series Short-Term Credit Fund 39,780,377 8,379,138 21,157,244 1,000,913 (134,268) 499,755 27,367,758 
Fidelity Series Small Cap Discovery Fund 153,285,060 36,298,752 14,969,457 19,396,257 (603,452) (13,969,775) 160,041,128 
Fidelity Series Small Cap Opportunities Fund 473,946,400 108,057,430 50,061,558 56,745,381 7,643 (27,927,857) 504,022,058 
Fidelity Series Stock Selector Large Cap Value Fund 892,343,372 180,553,472 92,231,235 79,053,623 (2,396,138) (33,065,577) 945,203,894 
Fidelity Series Value Discovery Fund 633,054,295 108,623,036 60,459,461 39,557,536 (1,136,190) (17,920,767) 662,160,913 
 $13,312,835,571 $3,594,264,891 $2,380,349,321 $1,079,584,775 $99,006,848 $(831,671,032) $13,794,086,957 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $6,798,662 $-- $6,798,662 $-- 
Domestic Equity Funds 8,408,976,787 8,408,976,787 -- -- 
International Equity Funds 4,321,501,731 4,321,501,731 -- -- 
Bond Funds 936,918,587 936,918,587 -- -- 
Short-Term Funds 147,270,269 147,270,269 -- -- 
Total Investments in Securities: $13,821,466,036 $13,814,667,374 $6,798,662 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $650,619 $650,619 $-- $-- 
Total Assets $650,619 $650,619 $-- $-- 
Liabilities     
Futures Contracts $(759,120) $(759,120) $-- $-- 
Total Liabilities $(759,120) $(759,120) $-- $-- 
Total Derivative Instruments: $(108,501) $(108,501) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(759,120) 
Total Equity Risk (759,120) 
Interest Rate Risk   
Futures Contracts 650,619 
Total Interest Rate Risk 650,619 
Total Value of Derivatives $650,619 $(759,120) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $6,798,655) 
$6,798,662  
Fidelity Central Funds (cost $20,580,098) 20,580,417  
Other affiliated issuers (cost $12,177,599,963) 13,794,086,957  
Total Investment in Securities (cost $12,204,978,716)  $13,821,466,036 
Receivable for investments sold  27,206,511 
Receivable for fund shares sold  48,722,363 
Distributions receivable from Fidelity Central Funds  39,126 
Total assets  13,897,434,036 
Liabilities   
Payable for investments purchased $20,081,228  
Payable for fund shares redeemed 55,844,097  
Accrued management fee 7,555,247  
Payable for daily variation margin on futures contracts 437,387  
Other payables and accrued expenses 23,038  
Total liabilities  83,940,997 
Net Assets  $13,813,493,039 
Net Assets consist of:   
Paid in capital  $11,699,883,152 
Total distributable earnings (loss)  2,113,609,887 
Net Assets  $13,813,493,039 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($4,345,914,404 ÷ 379,767,089 shares)  $11.44 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,982,073,373 ÷ 698,499,709 shares)  $11.43 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,485,505,262 ÷ 130,200,622 shares)  $11.41 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $283,823,396 
Interest  141,892 
Income from Fidelity Central Funds  240,668 
Total income  284,205,956 
Expenses   
Management fee $89,434,920  
Independent trustees' fees and expenses 63,248  
Total expenses before reductions 89,498,168  
Expense reductions (36)  
Total expenses after reductions  89,498,132 
Net investment income (loss)  194,707,824 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 15,145  
Fidelity Central Funds (281)  
Other affiliated issuers 99,006,848  
Futures contracts (7,328,179)  
Capital gain distributions from underlying funds:   
Affiliated issuers 795,761,379  
Total net realized gain (loss)  887,454,912 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds 319  
Other affiliated issuers (831,671,032)  
Futures contracts (108,501)  
Total change in net unrealized appreciation (depreciation)  (831,779,207) 
Net gain (loss)  55,675,705 
Net increase (decrease) in net assets resulting from operations  $250,383,529 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $194,707,824 $142,234,368 
Net realized gain (loss) 887,454,912 576,736,884 
Change in net unrealized appreciation (depreciation) (831,779,207) 374,497,649 
Net increase (decrease) in net assets resulting from operations 250,383,529 1,093,468,901 
Distributions to shareholders (922,311,809) – 
Distributions to shareholders from net investment income – (156,078,537) 
Distributions to shareholders from net realized gain – (256,279,773) 
Total distributions (922,311,809) (412,358,310) 
Share transactions - net increase (decrease) 1,180,095,049 9,128,031,725 
Total increase (decrease) in net assets 508,166,769 9,809,142,316 
Net Assets   
Beginning of period 13,305,326,270 3,496,183,954 
End of period $13,813,493,039 $13,305,326,270 

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


Financial Highlights

Fidelity Freedom 2045 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.09 $11.00 $9.89 $10.84 $11.09 
Income from Investment Operations      
Net investment income (loss)A .16 .12 .15 .15 .17 
Net realized and unrealized gain (loss) (.01)B 1.46 1.39 (.52) .64 
Total from investment operations .15 1.58 1.54 (.37) .81 
Distributions from net investment income (.17) (.13) (.15) (.16) (.18) 
Distributions from net realized gain (.63) (.35) (.28) (.43) (.89) 
Total distributions (.80) (.49)C (.43) (.58)D (1.06)E 
Net asset value, end of period $11.44 $12.09 $11.00 $9.89 $10.84 
Total ReturnF 1.72% 14.48% 16.08% (3.59)% 7.93% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .75% .63%I - %J - %J - %J 
Expenses net of fee waivers, if any .75% .63%I -% -% -% 
Expenses net of all reductions .75% .63%I -% -% -% 
Net investment income (loss) 1.37% 1.04% 1.45% 1.48% 1.62% 
Supplemental Data      
Net assets, end of period (000 omitted) $4,345,914 $4,144,152 $3,496,184 $2,912,972 $2,993,926 
Portfolio turnover rateH 18% 17%K 15% 17% 21% 

 A Calculated based on average shares outstanding during the period.

 B The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 C Total distributions of $.49 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.352 per share.

 D 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.

 E 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.

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

 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.08 $11.59 
Income from Investment Operations   
Net investment income (loss)B .17 .17 
Net realized and unrealized gain (loss) (.01)C .67 
Total from investment operations .16 .84 
Distributions from net investment income (.18) (.15) 
Distributions from net realized gain (.63) (.19) 
Total distributions (.81) (.35)D 
Net asset value, end of period $11.43 $12.08 
Total ReturnE,F 1.83% 7.21% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .64% .65%I,J 
Expenses net of fee waivers, if any .64% .65%I,J 
Expenses net of all reductions .64% .65%I,J 
Net investment income (loss) 1.47% 2.05%I 
Supplemental Data   
Net assets, end of period (000 omitted) $7,982,073 $8,748,416 
Portfolio turnover rateG 18% 17%K 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.35 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.194 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. 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.

 I Annualized

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

 K 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.09 $11.34 
Income from Investment Operations   
Net investment income (loss)B .18 .14 
Net realized and unrealized gain (loss) (.01)C .96 
Total from investment operations .17 1.10 
Distributions from net investment income (.21) (.16) 
Distributions from net realized gain (.64) (.19) 
Total distributions (.85) (.35) 
Net asset value, end of period $11.41 $12.09 
Total ReturnD,E 1.95% 9.70% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .50%H .50%H,I 
Expenses net of fee waivers, if any .50%H .50%H,I 
Expenses net of all reductions .50%H .50%H,I 
Net investment income (loss) 1.62% 1.45%I 
Supplemental Data   
Net assets, end of period (000 omitted) $1,485,505 $412,758 
Portfolio turnover rateF 18% 17%J 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 I Annualized

 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.9 
Fidelity Series Growth Company Fund 8.9 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.4 
 75.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 31.3% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2050 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $5,778,857) 5,780,000 5,778,862 
 Shares Value 
Domestic Equity Funds - 60.9%   
Fidelity Series All-Sector Equity Fund (b) 30,513,299 $293,843,071 
Fidelity Series Blue Chip Growth Fund (b) 35,464,388 523,099,724 
Fidelity Series Commodity Strategy Fund (b) 61,783,124 294,705,502 
Fidelity Series Growth Company Fund (b) 62,367,720 1,054,638,147 
Fidelity Series Intrinsic Opportunities Fund (b) 72,694,002 1,195,816,331 
Fidelity Series Large Cap Stock Fund (b) 72,345,366 1,059,859,617 
Fidelity Series Large Cap Value Index Fund (b) 24,077,169 298,797,673 
Fidelity Series Opportunistic Insights Fund (b) 31,254,407 546,327,032 
Fidelity Series Small Cap Discovery Fund (b) 12,359,133 137,433,557 
Fidelity Series Small Cap Opportunities Fund (b) 32,126,020 432,416,223 
Fidelity Series Stock Selector Large Cap Value Fund (b) 68,671,533 810,324,088 
Fidelity Series Value Discovery Fund (b) 45,451,936 567,694,681 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,232,919,611)  7,214,955,646 
International Equity Funds - 31.3%   
Fidelity Series Canada Fund (b) 10,938,057 112,771,368 
Fidelity Series Emerging Markets Fund (b) 11,806,662 115,587,225 
Fidelity Series Emerging Markets Opportunities Fund (b) 58,308,121 1,080,449,482 
Fidelity Series International Growth Fund (b) 72,796,342 1,105,776,441 
Fidelity Series International Small Cap Fund (b) 16,448,972 255,452,528 
Fidelity Series International Value Fund (b) 111,207,932 1,034,233,769 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,360,134,305)  3,704,270,813 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 7,714,522 73,982,269 
Fidelity Series Floating Rate High Income Fund (b) 1,586,497 14,706,825 
Fidelity Series High Income Fund (b) 13,364,782 125,628,953 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,521,038 34,435,748 
Fidelity Series International Credit Fund (b) 510,429 5,048,144 
Fidelity Series Investment Grade Bond Fund (b) 6,369,638 71,212,556 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 47,727,791 423,345,503 
Fidelity Series Real Estate Income Fund (b) 4,945,701 53,957,596 
TOTAL BOND FUNDS   
(Cost $790,866,315)  802,317,594 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 17,529,324 17,532,830 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 85,102,014 85,102,014 
Fidelity Series Short-Term Credit Fund (b) 2,346,217 23,391,782 
TOTAL SHORT-TERM FUNDS   
(Cost $125,960,342)  126,026,626 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $10,515,659,430)  11,853,349,541 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (6,789,704) 
NET ASSETS - 100%  $11,846,559,837 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 18 June 2019 $3,835,688 $15,243 $15,243 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 45 June 2019 5,212,266 51,331 51,331 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 24 June 2019 3,591,750 125,948 125,948 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 30 June 2019 3,726,563 66,539 66,539 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 36 June 2019 6,048,000 300,999 300,999 
TOTAL PURCHASED      560,060 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 22 June 2019 3,121,580 (3,123) (3,123) 
ICE E-mini MSCI EAFE Index Contracts (United States) 33 June 2019 3,079,560 (65,087) (65,087) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 567 June 2019 29,977,290 (558,966) (558,966) 
TOTAL SOLD      (627,176) 
TOTAL FUTURES CONTRACTS     $(67,116) 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,198,567.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $196,284 
Total $196,284 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $222,464,053 $56,827 $238,274,425 $-- $97,847,141 $(82,093,596) $-- 
Fidelity Series All-Sector Equity Fund 429,071,816 110,356,834 211,519,688 70,431,587 13,808,723 (47,874,614) 293,843,071 
Fidelity Series Blue Chip Growth Fund 443,402,520 119,957,262 57,997,825 62,417,550 1,087,462 16,650,305 523,099,724 
Fidelity Series Canada Fund 98,832,496 21,935,720 9,697,470 2,408,373 (55,881) 1,756,503 112,771,368 
Fidelity Series Commodity Strategy Fund 235,237,103 133,356,931 41,838,759 16,790,674 (13,075,535) (18,974,238) 294,705,502 
Fidelity Series Emerging Markets Debt Fund 71,582,940 12,343,846 6,490,390 4,327,749 (240,962) (3,213,165) 73,982,269 
Fidelity Series Emerging Markets Fund -- 115,370,951 4,731,946 442,394 (80,196) 5,028,416 115,587,225 
Fidelity Series Emerging Markets Opportunities Fund 1,027,149,604 314,044,841 104,471,394 81,670,184 (1,523,755) (154,749,814) 1,080,449,482 
Fidelity Series Floating Rate High Income Fund 25,093,502 4,036,677 13,962,846 1,342,063 (1,106,264) 645,756 14,706,825 
Fidelity Series Government Money Market Fund 2.50% 180,118,828 200,216,380 295,233,194 2,924,638 -- -- 85,102,014 
Fidelity Series Growth Company Fund 902,132,390 263,927,640 96,946,616 102,192,126 (3,105,383) (11,369,884) 1,054,638,147 
Fidelity Series High Income Fund 154,489,571 26,643,454 53,516,682 9,968,669 (2,268,095) 280,705 125,628,953 
Fidelity Series Inflation-Protected Bond Index Fund 90,992,656 13,718,140 70,872,934 715,044 (947,896) 1,545,782 34,435,748 
Fidelity Series International Credit Fund 4,937,865 247,533 123,438 245,628 (1,613) (12,203) 5,048,144 
Fidelity Series International Growth Fund 995,013,836 269,634,994 102,998,397 67,215,565 (3,908,691) (51,965,301) 1,105,776,441 
Fidelity Series International Small Cap Fund 248,264,939 64,551,363 15,165,466 22,705,010 (889,380) (41,308,928) 255,452,528 
Fidelity Series International Value Fund 1,007,232,591 211,340,130 57,400,954 36,852,447 (4,048,289) (122,889,709) 1,034,233,769 
Fidelity Series Intrinsic Opportunities Fund 1,095,273,542 247,061,747 41,424,136 91,637,606 (394,050) (104,700,772) 1,195,816,331 
Fidelity Series Investment Grade Bond Fund 53,699,737 29,530,749 13,304,841 1,899,577 (198,286) 1,485,197 71,212,556 
Fidelity Series Large Cap Stock Fund 970,491,938 227,503,310 101,567,122 104,990,132 (734,135) (35,834,374) 1,059,859,617 
Fidelity Series Large Cap Value Index Fund 276,330,213 47,870,868 28,254,228 13,646,128 (148,235) 2,999,055 298,797,673 
Fidelity Series Long-Term Treasury Bond Index Fund 252,756,420 299,868,022 145,647,472 11,233,612 (4,246,052) 20,614,585 423,345,503 
Fidelity Series Opportunistic Insights Fund 485,903,915 106,632,155 49,420,963 43,495,297 (477,396) 3,689,321 546,327,032 
Fidelity Series Real Estate Equity Fund 88,578,147 981,590 93,370,139 825,806 1,459,039 2,351,363 -- 
Fidelity Series Real Estate Income Fund 47,880,196 9,983,047 4,892,410 3,718,324 (41,803) 1,028,566 53,957,596 
Fidelity Series Short-Term Credit Fund 33,678,083 7,645,884 18,245,462 853,101 (110,698) 423,975 23,391,782 
Fidelity Series Small Cap Discovery Fund 129,743,700 33,453,678 13,424,396 16,517,329 (621,455) (11,717,970) 137,433,557 
Fidelity Series Small Cap Opportunities Fund 401,012,829 99,496,447 44,493,186 48,330,770 (285,258) (23,314,609) 432,416,223 
Fidelity Series Stock Selector Large Cap Value Fund 755,175,216 167,567,924 82,230,888 67,489,773 (2,905,492) (27,282,672) 810,324,088 
Fidelity Series Value Discovery Fund 535,725,735 102,246,110 54,075,768 33,760,446 (1,314,797) (14,886,599) 567,694,681 
Total $11,262,266,381 $3,261,581,054 $2,071,593,435 $921,047,602 $71,472,768 $(693,688,919) $11,830,037,849 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $5,778,862 $-- $5,778,862 $-- 
Domestic Equity Funds 7,214,955,646 7,214,955,646 -- -- 
International Equity Funds 3,704,270,813 3,704,270,813 -- -- 
Bond Funds 802,317,594 802,317,594 -- -- 
Short-Term Funds 126,026,626 126,026,626 -- -- 
Total Investments in Securities: $11,853,349,541 $11,847,570,679 $5,778,862 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $560,060 $560,060 $-- $-- 
Total Assets $560,060 $560,060 $-- $-- 
Liabilities     
Futures Contracts $(627,176) $(627,176) $-- $-- 
Total Liabilities $(627,176) $(627,176) $-- $-- 
Total Derivative Instruments: $(67,116) $(67,116) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(627,176) 
Total Equity Risk (627,176) 
Interest Rate Risk   
Futures Contracts 560,060 
Total Interest Rate Risk 560,060 
Total Value of Derivatives $560,060 $(627,176) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $5,778,857) 
$5,778,862  
Fidelity Central Funds (cost $17,532,544) 17,532,830  
Other affiliated issuers (cost $10,492,348,029) 11,830,037,849  
Total Investment in Securities (cost $10,515,659,430)  $11,853,349,541 
Receivable for investments sold  17,280,419 
Receivable for fund shares sold  44,971,278 
Distributions receivable from Fidelity Central Funds  33,316 
Other receivables  23,036 
Total assets  11,915,657,590 
Liabilities   
Payable for investments purchased $27,553,658  
Payable for fund shares redeemed 34,694,543  
Accrued management fee 6,478,699  
Payable for daily variation margin on futures contracts 370,853  
Total liabilities  69,097,753 
Net Assets  $11,846,559,837 
Net Assets consist of:   
Paid in capital  $10,091,588,463 
Total distributable earnings (loss)  1,754,971,374 
Net Assets  $11,846,559,837 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($3,679,537,596 ÷ 319,418,362 shares)  $11.52 
Class K:   
Net Asset Value, offering price and redemption price per share ($6,982,416,362 ÷ 607,060,917 shares)  $11.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,184,605,879 ÷ 103,057,202 shares)  $11.49 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $241,979,718 
Interest  127,248 
Income from Fidelity Central Funds  196,284 
Total income  242,303,250 
Expenses   
Management fee $76,149,695  
Independent trustees' fees and expenses 53,760  
Total expenses before reductions 76,203,455  
Expense reductions (27)  
Total expenses after reductions  76,203,428 
Net investment income (loss)  166,099,822 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 55,930  
Fidelity Central Funds (253)  
Other affiliated issuers 71,472,768  
Futures contracts (6,341,552)  
Capital gain distributions from underlying funds:   
Affiliated issuers 679,067,884  
Total net realized gain (loss)  744,254,777 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds 286  
Other affiliated issuers (693,688,919)  
Futures contracts (67,116)  
Total change in net unrealized appreciation (depreciation)  (693,755,744) 
Net gain (loss)  50,499,033 
Net increase (decrease) in net assets resulting from operations  $216,598,855 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $166,099,822 $119,339,449 
Net realized gain (loss) 744,254,777 479,169,493 
Change in net unrealized appreciation (depreciation) (693,755,744) 312,072,760 
Net increase (decrease) in net assets resulting from operations 216,598,855 910,581,702 
Distributions to shareholders (772,525,632) – 
Distributions to shareholders from net investment income – (131,450,258) 
Distributions to shareholders from net realized gain – (213,055,694) 
Total distributions (772,525,632) (344,505,952) 
Share transactions - net increase (decrease) 1,146,558,939 7,805,021,541 
Total increase (decrease) in net assets 590,632,162 8,371,097,291 
Net Assets   
Beginning of period 11,255,927,675 2,884,830,384 
End of period $11,846,559,837 $11,255,927,675 
Other Information   
Distributions in excess of net investment income end of period  $(1,076,446) 

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


Financial Highlights

Fidelity Freedom 2050 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.16 $11.05 $9.93 $10.90 $11.15 
Income from Investment Operations      
Net investment income (loss)A .16 .12 .15 .15 .17 
Net realized and unrealized gain (loss) B 1.48 1.40 (.52) .65 
Total from investment operations .16 1.60 1.55 (.37) .82 
Distributions from net investment income (.17) (.14) (.15) (.16) (.18) 
Distributions from net realized gain (.63) (.35) (.28) (.44) (.89) 
Total distributions (.80) (.49) (.43) (.60) (1.07) 
Net asset value, end of period $11.52 $12.16 $11.05 $9.93 $10.90 
Total ReturnC 1.73% 14.59% 16.11% (3.65)% 7.91% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .75% .63%F - %G - %G - %G 
Expenses net of fee waivers, if any .75% .63%F -% -% -% 
Expenses net of all reductions .75% .63%F -% -% -% 
Net investment income (loss) 1.37% 1.04% 1.45% 1.49% 1.62% 
Supplemental Data      
Net assets, end of period (000 omitted) $3,679,538 $3,452,997 $2,884,830 $2,363,381 $2,375,308 
Portfolio turnover rateE 18% 16%H 15% 17% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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

 G Amount represents less than .005%.

 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 Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.14 $11.65 
Income from Investment Operations   
Net investment income (loss)B .17 .17 
Net realized and unrealized gain (loss) C .67 
Total from investment operations .17 .84 
Distributions from net investment income (.18) (.15) 
Distributions from net realized gain (.63) (.19) 
Total distributions (.81) (.35)D 
Net asset value, end of period $11.50 $12.14 
Total ReturnE,F 1.82% 7.18% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .64% .65%I,J 
Expenses net of fee waivers, if any .64% .65%I,J 
Expenses net of all reductions .64% .65%I,J 
Net investment income (loss) 1.48% 2.04%I 
Supplemental Data   
Net assets, end of period (000 omitted) $6,982,416 $7,475,339 
Portfolio turnover rateH 18% 16%K 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.35 per share is comprised of distributions from net investment income of $.154 and distributions from net realized gain of $.194 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 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 and expense amounts may cause ratios to differ from contractual rates.

 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 2050 Fund Class K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.15 $11.40 
Income from Investment Operations   
Net investment income (loss)B .19 .14 
Net realized and unrealized gain (loss) (.01)C .96 
Total from investment operations .18 1.10 
Distributions from net investment income (.21) (.16) 
Distributions from net realized gain (.63) (.19) 
Total distributions (.84) (.35) 
Net asset value, end of period $11.49 $12.15 
Total ReturnD,E 1.96% 9.65% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .50%H .50%H,I 
Expenses net of fee waivers, if any .50%H .50%H,I 
Expenses net of all reductions .50%H .50%H,I 
Net investment income (loss) 1.62% 1.42%I 
Supplemental Data   
Net assets, end of period (000 omitted) $1,184,606 $327,591 
Portfolio turnover rateG 18% 16%J 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 I Annualized

 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

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.2 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series Growth Company Fund 8.9 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 6.8 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.4 
 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.7% 
   Short-Term Funds 1.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2055 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $2,309,543) 2,310,000 2,309,545 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Series All-Sector Equity Fund (b) 13,088,359 $126,040,895 
Fidelity Series Blue Chip Growth Fund (b) 15,501,549 228,647,841 
Fidelity Series Commodity Strategy Fund (b) 26,964,080 128,618,659 
Fidelity Series Growth Company Fund (b) 27,236,301 460,565,852 
Fidelity Series Intrinsic Opportunities Fund (b) 31,987,493 526,194,265 
Fidelity Series Large Cap Stock Fund (b) 31,642,141 463,557,362 
Fidelity Series Large Cap Value Index Fund (b) 10,546,133 130,877,508 
Fidelity Series Opportunistic Insights Fund (b) 13,671,582 238,979,253 
Fidelity Series Small Cap Discovery Fund (b) 5,405,153 60,105,304 
Fidelity Series Small Cap Opportunities Fund (b) 14,040,897 188,990,474 
Fidelity Series Stock Selector Large Cap Value Fund (b) 29,947,413 353,379,470 
Fidelity Series Value Discovery Fund (b) 19,827,028 247,639,583 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,953,472,930)  3,153,596,466 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 4,773,058 49,210,225 
Fidelity Series Emerging Markets Fund (b) 5,144,636 50,365,991 
Fidelity Series Emerging Markets Opportunities Fund (b) 25,392,608 470,525,029 
Fidelity Series International Growth Fund (b) 31,738,235 482,103,791 
Fidelity Series International Small Cap Fund (b) 7,172,634 111,391,005 
Fidelity Series International Value Fund (b) 48,515,636 451,195,414 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,553,673,403)  1,614,791,455 
Bond Funds - 6.7%   
Fidelity Series Emerging Markets Debt Fund (b) 3,283,185 31,485,741 
Fidelity Series Floating Rate High Income Fund (b) 694,865 6,441,396 
Fidelity Series High Income Fund (b) 5,822,526 54,731,749 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,535,153 15,013,794 
Fidelity Series International Credit Fund (b) 172,476 1,705,788 
Fidelity Series Investment Grade Bond Fund (b) 2,707,782 30,273,003 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 20,811,054 184,594,050 
Fidelity Series Real Estate Income Fund (b) 2,195,583 23,953,808 
TOTAL BOND FUNDS   
(Cost $342,698,228)  348,199,329 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 7,376,363 7,377,839 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 37,109,170 37,109,170 
Fidelity Series Short-Term Credit Fund (b) 1,020,455 10,173,937 
TOTAL SHORT-TERM FUNDS   
(Cost $54,613,910)  54,660,946 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $4,906,768,014)  5,173,557,741 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (3,013,138) 
NET ASSETS - 100%  $5,170,544,603 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $1,704,750 $6,760 $6,760 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 22 June 2019 2,548,219 25,135 25,135 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 11 June 2019 1,646,219 57,726 57,726 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 14 June 2019 1,739,063 30,681 30,681 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 16 June 2019 2,688,000 133,777 133,777 
TOTAL PURCHASED      254,079  
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 42 June 2019 5,959,380 (180,378) (180,378) 
ICE E-mini MSCI EAFE Index Contracts (United States) June 2019 653,240 (13,806) (13,806) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 228 June 2019 12,054,360 (224,771) (224,771) 
TOTAL SOLD      (418,955 ) 
TOTAL FUTURES CONTRACTS     $(164,876) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,476,709.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $78,916 
Total $78,916 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $86,342,541 $40,265 $92,405,409 $-- $25,419,336 $(19,396,733) $-- 
Fidelity Series All-Sector Equity Fund 167,584,790 62,427,661 89,539,752 29,410,377 130,602 (14,562,406) 126,040,895 
Fidelity Series Blue Chip Growth Fund 173,114,503 73,230,613 24,964,154 25,921,677 (234,665) 7,501,544 228,647,841 
Fidelity Series Canada Fund 38,606,833 14,270,746 4,351,732 1,018,361 (81,051) 765,429 49,210,225 
Fidelity Series Commodity Strategy Fund 91,934,990 67,913,057 17,970,797 6,947,524 (3,614,260) (9,644,331) 128,618,659 
Fidelity Series Emerging Markets Debt Fund 27,209,763 8,354,348 2,788,522 1,750,318 (90,187) (1,199,661) 31,485,741 
Fidelity Series Emerging Markets Fund -- 50,584,581 2,484,821 187,425 (26,772) 2,293,003 50,365,991 
Fidelity Series Emerging Markets Opportunities Fund 400,892,549 174,969,393 43,666,482 34,598,832 (3,133,896) (58,536,535) 470,525,029 
Fidelity Series Floating Rate High Income Fund 10,002,475 2,804,606 6,172,142 564,070 (298,474) 104,931 6,441,396 
Fidelity Series Government Money Market Fund 2.50% 70,121,042 91,298,888 124,310,760 1,209,123 -- -- 37,109,170 
Fidelity Series Growth Company Fund 351,980,935 158,131,938 42,604,631 43,486,172 (2,845,920) (4,096,470) 460,565,852 
Fidelity Series High Income Fund 60,175,196 17,877,292 22,526,651 4,136,829 (785,056) (9,032) 54,731,749 
Fidelity Series Inflation-Protected Bond Index Fund 35,675,631 8,432,771 29,362,336 300,729 (394,922) 662,650 15,013,794 
Fidelity Series International Credit Fund 1,668,964 84,028 42,532 83,004 (551) (4,121) 1,705,788 
Fidelity Series International Growth Fund 388,374,374 162,413,350 46,324,563 28,481,470 (1,899,247) (20,460,123) 482,103,791 
Fidelity Series International Small Cap Fund 96,898,872 38,362,947 6,527,790 9,621,557 (862,791) (16,480,233) 111,391,005 
Fidelity Series International Value Fund 393,238,509 137,658,731 27,302,815 15,616,914 (3,075,307) (49,323,704) 451,195,414 
Fidelity Series Intrinsic Opportunities Fund 427,000,743 161,487,780 17,730,136 38,179,786 (226,003) (44,338,119) 526,194,265 
Fidelity Series Investment Grade Bond Fund 20,925,164 14,597,998 5,803,246 782,409 (94,866) 647,953 30,273,003 
Fidelity Series Large Cap Stock Fund 379,289,030 143,560,002 43,766,734 43,344,771 (1,382,049) (14,142,887) 463,557,362 
Fidelity Series Large Cap Value Index Fund 107,932,581 34,068,116 12,188,186 5,824,344 (282,288) 1,347,285 130,877,508 
Fidelity Series Long-Term Treasury Bond Index Fund 98,801,847 136,086,559 57,700,089 4,672,455 (1,378,669) 8,784,402 184,594,050 
Fidelity Series Opportunistic Insights Fund 189,694,018 70,497,562 21,994,657 18,495,975 (961,852) 1,744,182 238,979,253 
Fidelity Series Real Estate Equity Fund 34,294,713 463,365 36,252,452 286,222 (1,538,115) 3,032,489 -- 
Fidelity Series Real Estate Income Fund 18,928,290 6,729,598 2,134,347 1,569,260 (33,081) 463,348 23,953,808 
Fidelity Series Short-Term Credit Fund 13,333,440 4,654,224 7,949,457 358,101 (49,586) 185,316 10,173,937 
Fidelity Series Small Cap Discovery Fund 50,681,737 20,335,659 5,849,860 6,820,483 (340,644) (4,721,588) 60,105,304 
Fidelity Series Small Cap Opportunities Fund 156,598,303 61,594,463 19,155,788 20,120,799 (809,222) (9,237,282) 188,990,474 
Fidelity Series Stock Selector Large Cap Value Fund 295,167,577 106,625,099 35,133,393 28,646,860 (1,588,596) (11,691,217) 353,379,470 
Fidelity Series Value Discovery Fund 209,366,384 68,960,987 23,564,379 14,303,943 (898,759) (6,224,650) 247,639,583 
Total $4,395,835,794 $1,898,516,627 $872,568,613 $386,739,790 $(1,376,891) $(256,536,560) $5,163,870,357 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $2,309,545 $-- $2,309,545 $-- 
Domestic Equity Funds 3,153,596,466 3,153,596,466 -- -- 
International Equity Funds 1,614,791,455 1,614,791,455 -- -- 
Bond Funds 348,199,329 348,199,329 -- -- 
Short-Term Funds 54,660,946 54,660,946 -- -- 
Total Investments in Securities: $5,173,557,741 $5,171,248,196 $2,309,545 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $254,079 $254,079 $-- $-- 
Total Assets $254,079 $254,079 $-- $-- 
Liabilities     
Futures Contracts $(418,955) $(418,955) $-- $-- 
Total Liabilities $(418,955) $(418,955) $-- $-- 
Total Derivative Instruments: $(164,876) $(164,876) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(418,955) 
Total Equity Risk (418,955) 
Interest Rate Risk   
Futures Contracts 254,079 
Total Interest Rate Risk 254,079 
Total Value of Derivatives $254,079 $(418,955) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,309,543) 
$2,309,545  
Fidelity Central Funds (cost $7,377,690) 7,377,839  
Other affiliated issuers (cost $4,897,080,781) 5,163,870,357  
Total Investment in Securities (cost $4,906,768,014)  $5,173,557,741 
Receivable for investments sold  7,511,871 
Receivable for fund shares sold  27,580,971 
Distributions receivable from Fidelity Central Funds  13,929 
Total assets  5,208,664,512 
Liabilities   
Payable for investments purchased $22,741,512  
Payable for fund shares redeemed 12,349,753  
Accrued management fee 2,797,338  
Payable for daily variation margin on futures contracts 231,306  
Total liabilities  38,119,909 
Net Assets  $5,170,544,603 
Net Assets consist of:   
Paid in capital  $4,737,703,861 
Total distributable earnings (loss)  432,840,742 
Net Assets  $5,170,544,603 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,490,392,687 ÷ 113,779,097 shares)  $13.10 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,138,527,596 ÷ 239,821,361 shares)  $13.09 
Class K6:   
Net Asset Value, offering price and redemption price per share ($541,624,320 ÷ 41,419,655 shares)  $13.08 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $101,578,399 
Interest  50,942 
Income from Fidelity Central Funds  78,916 
Total income  101,708,257 
Expenses   
Management fee $31,427,424  
Independent trustees' fees and expenses 21,947  
Total expenses before reductions 31,449,371  
Expense reductions (71)  
Total expenses after reductions  31,449,300 
Net investment income (loss)  70,258,957 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 13,561  
Fidelity Central Funds (137)  
Other affiliated issuers (1,376,891)  
Futures contracts (2,653,024)  
Capital gain distributions from underlying funds:   
Affiliated issuers 285,161,391  
Total net realized gain (loss)  281,144,900 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds 149  
Other affiliated issuers (256,536,560)  
Futures contracts (164,876)  
Total change in net unrealized appreciation (depreciation)  (256,701,285) 
Net gain (loss)  24,443,615 
Net increase (decrease) in net assets resulting from operations  $94,702,572 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $70,258,957 $44,165,758 
Net realized gain (loss) 281,144,900 169,529,579 
Change in net unrealized appreciation (depreciation) (256,701,285) 107,945,915 
Net increase (decrease) in net assets resulting from operations 94,702,572 321,641,252 
Distributions to shareholders (280,535,469) – 
Distributions to shareholders from net investment income – (48,627,128) 
Distributions to shareholders from net realized gain – (70,153,488) 
Total distributions (280,535,469) (118,780,616) 
Share transactions - net increase (decrease) 962,985,488 3,268,247,071 
Total increase (decrease) in net assets 777,152,591 3,471,107,707 
Net Assets   
Beginning of period 4,393,392,012 922,284,305 
End of period $5,170,544,603 $4,393,392,012 
Other Information   
Distributions in excess of net investment income end of period  $(1,831,367) 

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


Financial Highlights

Fidelity Freedom 2055 Fund

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.70 $12.41 $11.08 $12.06 $11.73 
Income from Investment Operations      
Net investment income (loss)A .19 .14 .17 .17 .19 
Net realized and unrealized gain (loss) B 1.64 1.57 (.59) .72 
Total from investment operations .19 1.78 1.74 (.42) .91 
Distributions from net investment income (.19) (.15) (.16) (.17) (.18) 
Distributions from net realized gain (.60) (.34) (.25) (.39) (.39) 
Total distributions (.79) (.49) (.41) (.56) (.58)C 
Net asset value, end of period $13.10 $13.70 $12.41 $11.08 $12.06 
Total ReturnD 1.73% 14.49% 16.17% (3.69)% 7.98% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .75% .64%G - %H - %H - %H 
Expenses net of fee waivers, if any .75% .64%G -% -% -% 
Expenses net of all reductions .75% .64%G -% -% -% 
Net investment income (loss) 1.40% 1.06% 1.46% 1.51% 1.64% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,490,393 $1,265,311 $922,284 $649,621 $527,231 
Portfolio turnover rateE 18% 15%I 18% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C 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.

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

 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 2055 Fund Class K

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.69 $13.11 
Income from Investment Operations   
Net investment income (loss)B .20 .19 
Net realized and unrealized gain (loss) C .76 
Total from investment operations .20 .95 
Distributions from net investment income (.20) (.17) 
Distributions from net realized gain (.60) (.20) 
Total distributions (.80) (.37) 
Net asset value, end of period $13.09 $13.69 
Total ReturnD,E 1.84% 7.26% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64% .65%H,I 
Expenses net of fee waivers, if any .64% .65%H,I 
Expenses net of all reductions .64% .65%H,I 
Net investment income (loss) 1.50% 2.01%H 
Supplemental Data   
Net assets, end of period (000 omitted) $3,138,528 $2,992,599 
Portfolio turnover rateF 18% 15%J 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

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

 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 K6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.70 $12.83 
Income from Investment Operations   
Net investment income (loss)B .21 .16 
Net realized and unrealized gain (loss) C 1.09 
Total from investment operations .21 1.25 
Distributions from net investment income (.23) (.17) 
Distributions from net realized gain (.60) (.20) 
Total distributions (.83) (.38)D 
Net asset value, end of period $13.08 $13.70 
Total ReturnE,F 1.97% 9.70% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .50%I .50%I,J 
Expenses net of fee waivers, if any .50%I .50%I,J 
Expenses net of all reductions .50%I .50%I,J 
Net investment income (loss) 1.65% 1.43%J 
Supplemental Data   
Net assets, end of period (000 omitted) $541,624 $135,481 
Portfolio turnover rateG 18% 15%K 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.38 per share is comprised of distributions from net investment income of $.174 and distributions from net realized gain of $.202 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. 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.

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

 J Annualized

 K 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series Growth Company Fund 8.9 
Fidelity Series International Value Fund 8.8 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.8 
Fidelity Series Opportunistic Insights Fund 4.7 
Fidelity Series Blue Chip Growth Fund 4.4 
 76.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Freedom® 2060 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $479,905) 480,000 479,906 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Series All-Sector Equity Fund (b) 3,109,791 $29,947,285 
Fidelity Series Blue Chip Growth Fund (b) 3,877,461 57,192,555 
Fidelity Series Commodity Strategy Fund (b) 6,731,731 32,110,355 
Fidelity Series Growth Company Fund (b) 6,806,617 115,099,886 
Fidelity Series Intrinsic Opportunities Fund (b) 7,914,772 130,197,996 
Fidelity Series Large Cap Stock Fund (b) 7,929,263 116,163,701 
Fidelity Series Large Cap Value Index Fund (b) 2,636,642 32,720,731 
Fidelity Series Opportunistic Insights Fund (b) 3,429,127 59,941,148 
Fidelity Series Small Cap Discovery Fund (b) 1,369,685 15,230,898 
Fidelity Series Small Cap Opportunities Fund (b) 3,528,388 47,492,096 
Fidelity Series Stock Selector Large Cap Value Fund (b) 7,473,267 88,184,549 
Fidelity Series Value Discovery Fund (b) 4,957,084 61,913,982 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $781,834,777)  786,195,182 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 1,192,327 12,292,894 
Fidelity Series Emerging Markets Fund (b) 1,282,202 12,552,754 
Fidelity Series Emerging Markets Opportunities Fund (b) 6,314,455 117,006,846 
Fidelity Series International Growth Fund (b) 7,888,940 119,833,004 
Fidelity Series International Small Cap Fund (b) 1,789,457 27,790,262 
Fidelity Series International Value Fund (b) 12,136,069 112,865,444 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $401,791,666)  402,341,204 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 807,155 7,740,612 
Fidelity Series Floating Rate High Income Fund (b) 176,278 1,634,093 
Fidelity Series High Income Fund (b) 1,449,857 13,628,652 
Fidelity Series Inflation-Protected Bond Index Fund (b) 383,191 3,747,611 
Fidelity Series International Credit Fund (b) 25,299 250,207 
Fidelity Series Investment Grade Bond Fund (b) 687,137 7,682,189 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,196,509 46,093,036 
Fidelity Series Real Estate Income Fund (b) 557,979 6,087,554 
TOTAL BOND FUNDS   
(Cost $84,813,739)  86,863,954 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 1,938,520 1,938,908 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 9,263,487 9,263,487 
Fidelity Series Short-Term Credit Fund (b) 255,671 2,549,041 
TOTAL SHORT-TERM FUNDS   
(Cost $13,731,811)  13,751,436 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,282,651,898)  1,289,631,682 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (736,773) 
NET ASSETS - 100%  $1,288,894,909 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $426,188 $1,590 $1,590 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 694,969 6,879 6,879 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 448,969 15,744 15,744 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 496,875 8,687 8,687 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 672,000 33,444 33,444 
TOTAL PURCHASED      66,344 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 11 June 2019 1,560,790 (47,242) (47,242) 
ICE E-mini MSCI EAFE Index Contracts (United States) June 2019 186,640 (3,945) (3,945) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 51 June 2019 2,696,370 (50,279) (50,279) 
TOTAL SOLD      (101,466) 
TOTAL FUTURES CONTRACTS     $(35,122) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $365,928.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements , which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $16,193 
Total $16,193 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $15,904,680 $26,022 $17,014,627 $-- $2,869,723 $(1,785,798) $-- 
Fidelity Series All-Sector Equity Fund 31,253,568 21,553,902 19,699,863 6,315,366 44,021 (3,204,343) 29,947,285 
Fidelity Series Blue Chip Growth Fund 32,253,565 27,826,612 4,547,037 5,564,195 (179,931) 1,839,346 57,192,555 
Fidelity Series Canada Fund 7,202,539 5,698,155 761,141 228,194 (36,089) 189,430 12,292,894 
Fidelity Series Commodity Strategy Fund 17,145,686 21,192,871 3,420,975 1,473,000 (205,617) (2,601,610) 32,110,355 
Fidelity Series Emerging Markets Debt Fund 4,840,852 3,608,404 488,780 370,837 (27,484) (192,380) 7,740,612 
Fidelity Series Emerging Markets Fund -- 12,478,774 483,199 42,219 (9,477) 566,656 12,552,754 
Fidelity Series Emerging Markets Opportunities Fund 74,428,681 62,415,222 8,258,370 7,793,315 (999,371) (10,579,316) 117,006,846 
Fidelity Series Floating Rate High Income Fund 1,890,315 1,166,457 1,380,399 122,266 (13,420) (28,860) 1,634,093 
Fidelity Series Government Money Market Fund 2.50% 13,009,017 22,392,292 26,137,822 257,754 -- -- 9,263,487 
Fidelity Series Growth Company Fund 65,444,549 58,764,125 7,521,883 9,861,584 (607,995) (978,910) 115,099,886 
Fidelity Series High Income Fund 11,127,742 7,394,678 4,747,630 893,493 (91,659) (54,479) 13,628,652 
Fidelity Series Inflation-Protected Bond Index Fund 6,768,528 3,124,324 6,206,453 66,961 (74,127) 135,339 3,747,611 
Fidelity Series International Credit Fund 244,476 12,908 6,495 12,171 (86) (596) 250,207 
Fidelity Series International Growth Fund 72,306,514 60,220,421 8,581,017 6,419,461 (576,243) (3,536,671) 119,833,004 
Fidelity Series International Small Cap Fund 18,039,162 14,780,457 1,436,727 2,169,895 (196,989) (3,395,641) 27,790,262 
Fidelity Series International Value Fund 73,255,562 55,977,840 5,361,700 3,521,058 (592,923) (10,413,335) 112,865,444 
Fidelity Series Intrinsic Opportunities Fund 79,157,527 63,590,348 2,480,933 8,330,550 (51,985) (10,016,961) 130,197,996 
Fidelity Series Investment Grade Bond Fund 3,875,761 4,708,663 1,046,143 168,978 (13,854) 157,762 7,682,189 
Fidelity Series Large Cap Stock Fund 70,836,746 56,529,128 7,860,008 9,230,437 (431,566) (2,910,599) 116,163,701 
Fidelity Series Large Cap Value Index Fund 20,224,908 14,523,989 2,240,669 1,329,751 (81,248) 293,751 32,720,731 
Fidelity Series Long-Term Treasury Bond Index Fund 18,521,138 35,739,454 10,149,680 1,012,841 (317,954) 2,300,078 46,093,036 
Fidelity Series Opportunistic Insights Fund 35,335,440 28,538,093 3,967,455 4,203,724 (226,747) 261,817 59,941,148 
Fidelity Series Real Estate Equity Fund 6,272,892 370,736 6,935,358 55,732 (243,095) 534,825 -- 
Fidelity Series Real Estate Income Fund 3,580,706 2,780,189 379,918 344,770 (11,216) 117,793 6,087,554 
Fidelity Series Short-Term Credit Fund 2,622,315 1,692,838 1,799,070 79,340 (11,825) 44,783 2,549,041 
Fidelity Series Small Cap Discovery Fund 9,487,528 7,825,011 1,053,117 1,456,648 (86,733) (941,791) 15,230,898 
Fidelity Series Small Cap Opportunities Fund 29,169,642 23,835,036 3,381,816 4,334,245 (224,951) (1,905,815) 47,492,096 
Fidelity Series Stock Selector Large Cap Value Fund 55,114,043 42,511,755 6,307,323 6,498,302 (424,924) (2,709,002) 88,184,549 
Fidelity Series Value Discovery Fund 39,075,165 28,795,425 4,293,855 3,224,690 (217,951) (1,444,802) 61,913,982 
Total $818,389,247 $690,074,129 $167,949,463 $85,381,777 $(3,041,716) $(50,259,329) $1,287,212,868 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $479,906 $-- $479,906 $-- 
Domestic Equity Funds 786,195,182 786,195,182 -- -- 
International Equity Funds 402,341,204 402,341,204 -- -- 
Bond Funds 86,863,954 86,863,954 -- -- 
Short-Term Funds 13,751,436 13,751,436 -- -- 
Total Investments in Securities: $1,289,631,682 $1,289,151,776 $479,906 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $66,344 $66,344 $-- $-- 
Total Assets $66,344 $66,344 $-- $-- 
Liabilities     
Futures Contracts $(101,466) $(101,466) $-- $-- 
Total Liabilities $(101,466) $(101,466) $-- $-- 
Total Derivative Instruments: $(35,122) $(35,122) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(101,466) 
Total Equity Risk (101,466) 
Interest Rate Risk   
Futures Contracts 66,344 
Total Interest Rate Risk 66,344 
Total Value of Derivatives $66,344 $(101,466) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $479,905) 
$479,906  
Fidelity Central Funds (cost $1,938,869) 1,938,908  
Other affiliated issuers (cost $1,280,233,124) 1,287,212,868  
Total Investment in Securities (cost $1,282,651,898)  $1,289,631,682 
Receivable for investments sold  1,870,574 
Receivable for fund shares sold  10,514,482 
Distributions receivable from Fidelity Central Funds  3,683 
Other receivables  1,677 
Total assets  1,302,022,098 
Liabilities   
Payable for investments purchased $9,693,115  
Payable for fund shares redeemed 2,691,506  
Accrued management fee 686,240  
Payable for daily variation margin on futures contracts 56,328  
Total liabilities  13,127,189 
Net Assets  $1,288,894,909 
Net Assets consist of:   
Paid in capital  $1,243,700,742 
Total distributable earnings (loss)  45,194,167 
Net Assets  $1,288,894,909 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($367,472,319 ÷ 31,255,278 shares)  $11.76 
Class K:   
Net Asset Value, offering price and redemption price per share ($784,848,434 ÷ 66,828,220 shares)  $11.74 
Class K6:   
Net Asset Value, offering price and redemption price per share ($136,574,156 ÷ 11,627,867 shares)  $11.75 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $22,456,193 
Interest  10,765 
Income from Fidelity Central Funds  16,193 
Total income  22,483,151 
Expenses   
Management fee $6,761,209  
Independent trustees' fees and expenses 4,548  
Total expenses before reductions 6,765,757  
Expense reductions (88)  
Total expenses after reductions  6,765,669 
Net investment income (loss)  15,717,482 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,761  
Fidelity Central Funds (37)  
Other affiliated issuers (3,041,716)  
Futures contracts (539,530)  
Capital gain distributions from underlying funds:   
Affiliated issuers 62,925,584  
Total net realized gain (loss)  59,347,062 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds 39  
Other affiliated issuers (50,259,329)  
Futures contracts (35,122)  
Total change in net unrealized appreciation (depreciation)  (50,294,411) 
Net gain (loss)  9,052,651 
Net increase (decrease) in net assets resulting from operations  $24,770,133 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $15,717,482 $6,919,637 
Net realized gain (loss) 59,347,062 26,038,634 
Change in net unrealized appreciation (depreciation) (50,294,411) 12,512,816 
Net increase (decrease) in net assets resulting from operations 24,770,133 45,471,087 
Distributions to shareholders (52,942,972) – 
Distributions to shareholders from net investment income – (7,703,403) 
Distributions to shareholders from net realized gain – (9,428,917) 
Total distributions (52,942,972) (17,132,320) 
Share transactions - net increase (decrease) 499,126,039 673,447,954 
Total increase (decrease) in net assets 470,953,200 701,786,721 
Net Assets   
Beginning of period 817,941,709 116,154,988 
End of period $1,288,894,909 $817,941,709 
Other Information   
Distributions in excess of net investment income end of period  $(655,535) 

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


Financial Highlights

Fidelity Freedom 2060 Fund

Years ended March 31, 2019 2018 2017 2016 2015A 
Selected Per–Share Data      
Net asset value, beginning of period $12.20 $11.01 $9.78 $10.45 $10.00 
Income from Investment Operations      
Net investment income (loss)B .17 .13 .16 .16 .10 
Net realized and unrealized gain (loss) .01 1.46 1.37 (.53) .52 
Total from investment operations .18 1.59 1.53 (.37) .62 
Distributions from net investment income (.16) (.13) (.13) (.12) (.10) 
Distributions from net realized gain (.45) (.26) (.17) (.17) (.07) 
Total distributions (.62)C (.40)D (.30) (.30)E (.17) 
Net asset value, end of period $11.76 $12.20 $11.01 $9.78 $10.45 
Total ReturnF 1.78% 14.50% 16.01% (3.67)% 6.22% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .75% .66%I - %J - %J - %J,K 
Expenses net of fee waivers, if any .75% .66%I -% -% - %K 
Expenses net of all reductions .75% .66%I -% -% - %K 
Net investment income (loss) 1.46% 1.09% 1.54% 1.67% 1.54%K 
Supplemental Data      
Net assets, end of period (000 omitted) $367,472 $241,896 $116,155 $47,019 $8,968 
Portfolio turnover rateG 16% 11%L 21% 31% 28%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 Total distributions of $.62 per share is comprised of distributions from net investment income of $.161 and distributions from net realized gain of $.454 per share.

 D Total distributions of $.40 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.263 per share.

 E 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.

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

 J Amount represents less than .005%.

 K Annualized

 L 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.19 $11.65 
Income from Investment Operations   
Net investment income (loss)B .19 .16 
Net realized and unrealized gain (loss) (.01)C .68 
Total from investment operations .18 .84 
Distributions from net investment income (.17) (.15) 
Distributions from net realized gain (.45) (.15) 
Total distributions (.63)D (.30) 
Net asset value, end of period $11.74 $12.19 
Total ReturnE,F 1.80% 7.19% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .64% .65%I,J 
Expenses net of fee waivers, if any .64% .65%I,J 
Expenses net of all reductions .64% .65%I,J 
Net investment income (loss) 1.57% 1.92%I 
Supplemental Data   
Net assets, end of period (000 omitted) $784,848 $549,158 
Portfolio turnover rateG 16% 11%K 

 A For the period July 20, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.63 per share is comprised of distributions from net investment income of $.172 and distributions from net realized gain of $.454 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. 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.

 I Annualized

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

 K 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

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.20 $11.40 
Income from Investment Operations   
Net investment income (loss)B .20 .14 
Net realized and unrealized gain (loss) C .96 
Total from investment operations .20 1.10 
Distributions from net investment income (.20) (.15) 
Distributions from net realized gain (.45) (.15) 
Total distributions (.65) (.30) 
Net asset value, end of period $11.75 $12.20 
Total ReturnD,E 2.05% 9.65% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .50%H .50%H,I 
Expenses net of fee waivers, if any .50%H .50%H,I 
Expenses net of all reductions .50%H .50%H,I 
Net investment income (loss) 1.71% 1.44%I 
Supplemental Data   
Net assets, end of period (000 omitted) $136,574 $26,888 
Portfolio turnover rateF 16% 11%J 

 A For the period June 7, 2017 (commencement of sale of shares) to March 31, 2018.

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

 I Annualized

 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.


Notes to Financial Statements

For the period ended March 31, 2019

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. 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). Certain Underlying Funds incurred name changes since their most recent shareholder report. The names of the Underlying Funds are those in effect at period end. In the prior year, the Funds transitioned their portfolios to invest exclusively in classes of the Fidelity Series funds, offered only to certain other Fidelity funds advised by FMR or its affiliates.

2. Investments in Fidelity Central Funds.

The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. 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. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee. 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. Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

The aggregate value of investments by input level as of March 31, 2019 is included at the end of each applicable Fund's Schedule of Investments.

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 and include proceeds received from litigation. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date. Distributions from the Underlying Funds that are deemed to be return of capital are recorded as a reduction of cost of investments. Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

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 certain funds, certain independent Trustees have elected 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 each Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees presented below are included in each accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Fidelity Freedom 2010 Fund $74,861 
Fidelity Freedom 2020 Fund 180,424 
Fidelity Freedom 2030 Fund 154,257 

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. As of March 31, 2019, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. 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 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, futures contracts, market discount, 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 $3,213,968,629 $188,185,702 $(18,494,434) $169,691,268 
Fidelity Freedom 2005 Fund 918,790,973 56,160,198 (12,612,840) 43,547,358 
Fidelity Freedom 2010 Fund 5,397,227,672 511,443,822 (58,178,817) 453,265,005 
Fidelity Freedom 2015 Fund 7,993,018,309 979,914,421 (61,581,830) 918,332,591 
Fidelity Freedom 2020 Fund 24,840,731,808 3,172,493,452 (261,827,305) 2,910,666,147 
Fidelity Freedom 2025 Fund 24,435,359,049 3,060,779,152 (339,237,248) 2,721,541,904 
Fidelity Freedom 2030 Fund 28,285,481,512 4,212,042,675 (406,473,081) 3,805,569,594 
Fidelity Freedom 2035 Fund 19,399,812,692 3,101,275,206 (360,218,045) 2,741,057,161 
Fidelity Freedom 2040 Fund 19,512,227,914 3,331,850,576 (396,013,942) 2,935,836,634 
Fidelity Freedom 2045 Fund 12,255,441,397 1,832,173,129 (266,148,490) 1,566,024,639 
Fidelity Freedom 2050 Fund 10,565,517,074 1,523,980,844 (236,148,377) 1,287,832,467 
Fidelity Freedom 2055 Fund 4,939,503,516 395,180,996 (161,126,771) 234,054,225 
Fidelity Freedom 2060 Fund 1,289,514,513 52,436,232 (52,319,063) 117,169 

The tax-based components of distributable earnings as of period end were as follows for each Fund:

 Undistributed ordinary income Undistributed long-term capital gain Net unrealized appreciation (depreciation) on securities and other investments 
Fidelity Freedom Income Fund $5,759,593 $22,970,704 $169,691,268 
Fidelity Freedom 2005 Fund 3,612,555 11,647,983 43,547,358 
Fidelity Freedom 2010 Fund 16,514,017 93,665,651 453,265,005 
Fidelity Freedom 2015 Fund 19,211,514 189,210,955 918,332,591 
Fidelity Freedom 2020 Fund 55,028,315 677,134,613 2,910,666,147 
Fidelity Freedom 2025 Fund 50,230,576 734,502,847 2,721,541,904 
Fidelity Freedom 2030 Fund 33,054,298 1,042,563,637 3,805,569,594 
Fidelity Freedom 2035 Fund 5,104,472 840,642,058 2,741,057,161 
Fidelity Freedom 2040 Fund 3,635,746 906,486,819 2,935,836,634 
Fidelity Freedom 2045 Fund 6,045,342 551,851,685 1,566,024,639 
Fidelity Freedom 2050 Fund 5,959,692 470,031,584 1,287,832,467 
Fidelity Freedom 2055 Fund 2,576,396 200,018,308 234,054,225 
Fidelity Freedom 2060 Fund 400,512 45,587,861 117,169 

The tax character of distributions paid was as follows:

March 31, 2019    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Freedom Income Fund $85,762,017 $92,431,324 $178,193,341 
Fidelity Freedom 2005 Fund 23,667,602 28,005,426 51,673,028 
Fidelity Freedom 2010 Fund 147,745,652 255,632,399 403,378,051 
Fidelity Freedom 2015 Fund 225,701,210 464,032,656 689,733,866 
Fidelity Freedom 2020 Fund 659,329,138 1,208,075,925 1,867,405,063 
Fidelity Freedom 2025 Fund 620,060,353 963,140,684 1,583,201,037 
Fidelity Freedom 2030 Fund 685,028,902 1,380,090,599 2,065,119,501 
Fidelity Freedom 2035 Fund 455,059,993 1,010,698,427 1,465,758,420 
Fidelity Freedom 2040 Fund 459,497,027 1,084,167,920 1,543,664,947 
Fidelity Freedom 2045 Fund 274,441,585 647,870,224 922,311,809 
Fidelity Freedom 2050 Fund 230,344,728 542,180,904 772,525,632 
Fidelity Freedom 2055 Fund 95,359,940 185,175,529 280,535,469 
Fidelity Freedom 2060 Fund 20,901,956 32,041,016 52,942,972 

March 31, 2018    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Freedom Income Fund $59,848,117 $59,542,043 $119,390,160 
Fidelity Freedom 2005 Fund 16,088,182 18,342,832 34,431,014 
Fidelity Freedom 2010 Fund 110,846,319 175,338,147 286,184,466 
Fidelity Freedom 2015 Fund 169,438,811 260,911,363 430,350,174 
Fidelity Freedom 2020 Fund 485,379,607 623,034,628 1,108,414,235 
Fidelity Freedom 2025 Fund 432,040,605 464,445,330 896,485,935 
Fidelity Freedom 2030 Fund 523,900,861 642,379,992 1,166,280,853 
Fidelity Freedom 2035 Fund 354,910,547 369,938,577 724,849,124 
Fidelity Freedom 2040 Fund 367,209,112 408,996,628 776,205,740 
Fidelity Freedom 2045 Fund 214,132,446 198,225,864 412,358,310 
Fidelity Freedom 2050 Fund 181,104,825 163,401,127 344,505,952 
Fidelity Freedom 2055 Fund 66,698,701 52,081,915 118,780,616 
Fidelity Freedom 2060 Fund 10,534,555 6,597,765 17,132,320 

Certain of the Funds elected to defer to the next fiscal year ordinary losses recognized during the period January 1, 2019 to March 31, 2019. Loss deferrals were as follows:

 Ordinary losses 
Fidelity Freedom 2035 Fund $9,540,064 
Fidelity Freedom 2040 Fund 17,216,812 
Fidelity Freedom 2045 Fund 10,311,779 
Fidelity Freedom 2050 Fund 8,852,372 
Fidelity Freedom 2055 Fund 3,808,184 
Fidelity Freedom 2060 Fund 911,375 

New Rule Issuance. During August 2018, the U.S. Securities and Exchange Commission issued Final Rule Release No. 33-10532, Disclosure Update and Simplification. This Final Rule includes amendments specific to registered investment companies that are intended to eliminate overlap in disclosure requirements between Regulation S-X and GAAP. In accordance with these amendments, certain line-items in the Funds' financial statements have been combined or removed for the current period as outlined in the table below.

Financial Statement Current Line-Item Presentation (As Applicable) Prior Line-Item Presentation (As Applicable) 
Statement of Assets and Liabilities Total distributable earnings (loss) Undistributed/Distributions in excess of/Accumulated net investment income (loss)
Accumulated/Undistributed net realized gain (loss)
Net unrealized appreciation (depreciation) 
Statement of Changes in Net Assets N/A - removed Undistributed/Distributions in excess of/Accumulated net investment income (loss) end of period 
Statement of Changes in Net Assets Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 
Distributions to Shareholders Note to Financial Statements Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risks:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Interest Rate Risk Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates. 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Freedom Income Fund   
Equity Risk   
Futures Contracts $209,324 $(473,698) 
Total Equity Risk $209,324 $(473,698) 
Interest Rate Risk   
Futures Contracts $653,492 $94,070 
Total Interest Rate Risk 653,492 94,070 
Totals $862,816 $(379,628) 
Fidelity Freedom 2005 Fund   
Equity Risk   
Futures Contracts $166,743 $(153,352) 
Total Equity Risk $166,743 $(153,352) 
Interest Rate Risk   
Futures Contracts $153,547 $68,713 
Total Interest Rate Risk 153,547 68,713 
Totals $320,290 $(84,639) 
Fidelity Freedom 2010 Fund   
Equity Risk   
Futures Contracts $2,051,361 $(979,390) 
Total Equity Risk $2,051,361 $(979,390) 
Interest Rate Risk   
Futures Contracts $1,473,292 $485,168 
Total Interest Rate Risk 1,473,292 485,168 
Totals $3,524,653 $(494,222) 
Fidelity Freedom 2015 Fund   
Equity Risk   
Futures Contracts $2,101,934 $(1,547,159) 
Total Equity Risk $2,101,934 $(1,547,159) 
Interest Rate Risk   
Futures Contracts $2,618,236 $856,203 
Total Interest Rate Risk 2,618,236 856,203 
Totals $4,720,170 $(690,956) 
Fidelity Freedom 2020 Fund   
Equity Risk   
Futures Contracts $12,079,298 $(5,424,174) 
Total Equity Risk $12,079,298 $(5,424,174) 
Interest Rate Risk   
Futures Contracts $8,601,611 $2,712,031 
Total Interest Rate Risk 8,601,611 2,712,031 
Totals $20,680,909 $(2,712,143) 
Fidelity Freedom 2025 Fund   
Equity Risk   
Futures Contracts $11,297,881 $(5,441,462) 
Total Equity Risk $11,297,881 $(5,441,462) 
Interest Rate Risk   
Futures Contracts $9,102,485 $2,768,491 
Total Interest Rate Risk 9,102,485 2,768,491 
Totals $20,400,366 $(2,672,971) 
Fidelity Freedom 2030 Fund   
Equity Risk   
Futures Contracts $(3,334,032) $(6,591,592) 
Total Equity Risk $(3,334,032) $(6,591,592) 
Interest Rate Risk   
Futures Contracts $6,245,944 $2,896,285 
Total Interest Rate Risk 6,245,944 2,896,285 
Totals $2,911,912 $(3,695,307) 
Fidelity Freedom 2035 Fund   
Equity Risk   
Futures Contracts $(2,668,622) $(4,985,530) 
Total Equity Risk $(2,668,622) $(4,985,530) 
Interest Rate Risk   
Futures Contracts $(2,256,815) $2,371,955 
Total Interest Rate Risk (2,256,815) 2,371,955 
Totals $(4,925,437) $(2,613,575) 
Fidelity Freedom 2040 Fund   
Equity Risk   
Futures Contracts $(21,584,731) $(1,304,290) 
Total Equity Risk $(21,584,731) $(1,304,290) 
Interest Rate Risk   
Futures Contracts $9,444,207 $1,022,431 
Total Interest Rate Risk 9,444,207 1,022,431 
Totals $(12,140,524) $(281,859) 
Fidelity Freedom 2045 Fund   
Equity Risk   
Futures Contracts $(12,327,262) $(759,120) 
Total Equity Risk $(12,327,262) $(759,120) 
Interest Rate Risk   
Futures Contracts $4,999,083 $650,619 
Total Interest Rate Risk 4,999,083 650,619 
Totals $(7,328,179) $(108,501) 
Fidelity Freedom 2050 Fund   
Equity Risk   
Futures Contracts $(10,077,450) $(627,176) 
Total Equity Risk $(10,077,450) $(627,176) 
Interest Rate Risk   
Futures Contracts $3,735,898 $560,060 
Total Interest Rate Risk $3,735,898 560,060 
Totals $(6,341,552) $(67,116) 
Fidelity Freedom 2055 Fund   
Equity Risk   
Futures Contracts $(3,341,645) $(418,955) 
Total Equity Risk $(3,341,645) $(418,955) 
Interest Rate Risk   
Futures Contracts $688,621 $254,079 
Total Interest Rate Risk 688,621 254,079 
Totals $(2,653,024) $(164,876) 
Fidelity Freedom 2060 Fund   
Equity Risk   
Futures Contracts $(375,861) $(101,466) 
Total Equity Risk $(375,861) $(101,466) 
Interest Rate Risk   
Futures Contracts $(163,669) $66,344 
Total Interest Rate Risk (163,669) 66,344 
Totals $(539,530) $(35,122) 

A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market, bond market and fluctuations in interest rates.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Freedom Income Fund 775,889,147 1,101,124,661 
Fidelity Freedom 2005 Fund 255,834,333 311,311,625 
Fidelity Freedom 2010 Fund 1,211,013,474 1,776,731,653 
Fidelity Freedom 2015 Fund 1,772,221,549 2,805,256,163 
Fidelity Freedom 2020 Fund 5,284,691,893 6,849,440,457 
Fidelity Freedom 2025 Fund 5,819,668,403 5,188,721,679 
Fidelity Freedom 2030 Fund 6,812,366,543 5,571,735,286 
Fidelity Freedom 2035 Fund 5,375,086,963 3,989,800,121 
Fidelity Freedom 2040 Fund 5,047,115,873 3,819,697,866 
Fidelity Freedom 2045 Fund 3,594,264,891 2,380,349,321 
Fidelity Freedom 2050 Fund 3,261,581,054 2,071,593,435 
Fidelity Freedom 2055 Fund 1,898,516,627 872,568,613 
Fidelity Freedom 2060 Fund 690,074,129 167,949,463 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. 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, effective June 1, 2017, 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 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. Prior to June 1, 2017, the investment advisor provided the Funds with investment management related services. The Funds did not pay any fees for these services. For the reporting period, 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 .482% .428% 
Fidelity Freedom 2010 Fund .525% .461% 
Fidelity Freedom 2015 Fund .567% .496% 
Fidelity Freedom 2020 Fund .610% .531% 
Fidelity Freedom 2025 Fund .652% .566% 
Fidelity Freedom 2030 Fund .695% .601% 
Fidelity Freedom 2035 Fund .737% .636% 
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% 

Under the expense contract, 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 .373% 
Fidelity Freedom 2010 Fund .392% 
Fidelity Freedom 2015 Fund .412% 
Fidelity Freedom 2020 Fund .431% 
Fidelity Freedom 2025 Fund .450% 
Fidelity Freedom 2030 Fund .470% 
Fidelity Freedom 2035 Fund .489% 
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% 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Prior Fiscal Year Reallocation of Underlying Fund Investments. During the prior 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.

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 Fund $21,943,732 $5,248,386 
Fidelity Freedom 2005 Fund 9,132,913 818,016 
Fidelity Freedom 2010 Fund 82,938,352 17,423,248 
Fidelity Freedom 2015 Fund 132,300,852 26,218,924 
Fidelity Freedom 2020 Fund 349,185,809 55,046,914 
Fidelity Freedom 2025 Fund 312,149,126 36,476,750 
Fidelity Freedom 2030 Fund 443,448,822 45,658,987 
Fidelity Freedom 2035 Fund 315,567,651 25,385,650 
Fidelity Freedom 2040 Fund 341,654,429 31,022,107 
Fidelity Freedom 2045 Fund 165,214,747 12,941,012 
Fidelity Freedom 2050 Fund 136,449,649 10,462,773 
Fidelity Freedom 2055 Fund 44,625,815 2,684,111 
Fidelity Freedom 2060 Fund 6,196,209 137,579 

7. Expense Reductions.

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

Fidelity Freedom Income Fund $229 
Fidelity Freedom 2005 Fund 206 
Fidelity Freedom 2010 Fund 121 
Fidelity Freedom 2015 Fund 118 
Fidelity Freedom 2020 Fund 193 
Fidelity Freedom 2025 Fund 59 
Fidelity Freedom 2030 Fund 55 
Fidelity Freedom 2035 Fund 351 
Fidelity Freedom 2040 Fund 42 
Fidelity Freedom 2045 Fund 36 
Fidelity Freedom 2050 Fund 27 
Fidelity Freedom 2055 Fund 71 
Fidelity Freedom 2060 Fund 88 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Year ended
March 31, 2019 
Year ended
March 31, 2018(a) 
Fidelity Freedom Income Fund   
Distributions to shareholders   
Fidelity Freedom Income Fund $102,717,403 $– 
Class K 70,626,011 – 
Class K6 4,849,927 – 
Total $178,193,341 $– 
From net investment income   
Fidelity Freedom Income Fund $– $34,335,271 
Class K – 17,390,446 
Class K6 – 223,737 
Total $– $51,949,454 
From net realized gain   
Fidelity Freedom Income Fund $– $44,712,535 
Class K – 22,488,873 
Class K6 – 239,298 
Total $– $67,440,706 
Fidelity Freedom 2005 Fund   
Distributions to shareholders   
Fidelity Freedom 2005 Fund $29,853,841 $– 
Class K 20,287,074 – 
Class K6 1,532,113 – 
Total $51,673,028 $– 
From net investment income   
Fidelity Freedom 2005 Fund $– $8,256,167 
Class K – 5,348,186 
Class K6 – 66,981 
Total $– $13,671,334 
From net realized gain   
Fidelity Freedom 2005 Fund $– $14,263,444 
Class K – 6,417,819 
Class K6 – 78,417 
Total $– $20,759,680 
Fidelity Freedom 2010 Fund   
Distributions to shareholders   
Fidelity Freedom 2010 Fund $253,919,287 $– 
Class K 139,656,036 – 
Class K6 9,802,728 – 
Total $403,378,051 $– 
From net investment income   
Fidelity Freedom 2010 Fund $– $59,450,122 
Class K – 33,379,063 
Class K6 – 446,466 
Total $– $93,275,651 
From net realized gain   
Fidelity Freedom 2010 Fund $– $138,121,654 
Class K – 54,086,430 
Class K6 – 700,731 
Total $– $192,908,815 
Fidelity Freedom 2015 Fund   
Distributions to shareholders   
Fidelity Freedom 2015 Fund $377,354,021 $– 
Class K 287,986,155 – 
Class K6 24,393,690 – 
Total $689,733,866 $– 
From net investment income   
Fidelity Freedom 2015 Fund $– $75,356,851 
Class K – 62,744,245 
Class K6 – 834,279 
Total $– $138,935,375 
From net realized gain   
Fidelity Freedom 2015 Fund $– $187,400,162 
Class K – 102,672,333 
Class K6 – 1,342,304 
Total $– $291,414,799 
Fidelity Freedom 2020 Fund   
Distributions to shareholders   
Fidelity Freedom 2020 Fund $826,399,967 $– 
Class K 956,998,176 – 
Class K6 84,006,920 – 
Total $1,867,405,063 $– 
From net investment income   
Fidelity Freedom 2020 Fund $– $170,977,599 
Class K – 214,523,078 
Class K6 – 3,160,558 
Total $– $388,661,235 
From net realized gain   
Fidelity Freedom 2020 Fund $– $406,127,361 
Class K – 309,195,087 
Class K6 – 4,430,552 
Total $– $719,753,000 
Fidelity Freedom 2025 Fund   
Distributions to shareholders   
Fidelity Freedom 2025 Fund $643,389,684 $– 
Class K 845,201,451 – 
Class K6 94,609,902 – 
Total $1,583,201,037 $– 
From net investment income   
Fidelity Freedom 2025 Fund $– $135,746,842 
Class K – 196,874,291 
Class K6 – 4,557,308 
Total $– $337,178,441 
From net realized gain   
Fidelity Freedom 2025 Fund $– $300,732,953 
Class K – 252,816,654 
Class K6 – 5,757,887 
Total $– $559,307,494 
Fidelity Freedom 2030 Fund   
Distributions to shareholders   
Fidelity Freedom 2030 Fund $832,766,884 $– 
Class K 1,115,314,992 – 
Class K6 117,037,625 – 
Total $2,065,119,501 $– 
From net investment income   
Fidelity Freedom 2030 Fund $– $152,399,042 
Class K – 237,812,270 
Class K6 – 6,564,512 
Total $– $396,775,824 
From net realized gain   
Fidelity Freedom 2030 Fund $– $413,872,411 
Class K – 346,196,136 
Class K6 – 9,436,482 
Total $– $769,505,029 
Fidelity Freedom 2035 Fund   
Distributions to shareholders   
Fidelity Freedom 2035 Fund $550,912,169 $– 
Class K 813,680,040 – 
Class K6 101,166,211 – 
Total $1,465,758,420 $– 
From net investment income   
Fidelity Freedom 2035 Fund $– $87,722,896 
Class K – 162,011,402 
Class K6 – 5,709,559 
Total $– $255,443,857 
From net realized gain   
Fidelity Freedom 2035 Fund $– $240,142,544 
Class K – 221,611,338 
Class K6 – 7,651,385 
Total $– $469,405,267 
Fidelity Freedom 2040 Fund   
Distributions to shareholders   
Fidelity Freedom 2040 Fund $581,170,903 $– 
Class K 864,717,475 – 
Class K6 97,776,569 – 
Total $1,543,664,947 $– 
From net investment income   
Fidelity Freedom 2040 Fund $– $90,536,406 
Class K – 170,937,500 
Class K6 – 4,789,254 
Total $– $266,263,160 
From net realized gain   
Fidelity Freedom 2040 Fund $– $261,248,683 
Class K – 242,057,363 
Class K6 – 6,636,534 
Total $– $509,942,580 
Fidelity Freedom 2045 Fund   
Distributions to shareholders   
Fidelity Freedom 2045 Fund $293,629,110 $– 
Class K 563,596,638 – 
Class K6 65,086,061 – 
Total $922,311,809 $– 
From net investment income   
Fidelity Freedom 2045 Fund $– $44,250,979 
Class K – 109,126,440 
Class K6 – 2,701,118 
Total $– $156,078,537 
From net realized gain   
Fidelity Freedom 2045 Fund $– $114,572,629 
Class K – 138,369,458 
Class K6 – 3,337,686 
Total $– $256,279,773 
Fidelity Freedom 2050 Fund   
Distributions to shareholders   
Fidelity Freedom 2050 Fund $241,462,546 $– 
Class K 478,387,408 – 
Class K6 52,675,678 – 
Total $772,525,632 $– 
From net investment income   
Fidelity Freedom 2050 Fund $– $36,777,044 
Class K – 92,715,220 
Class K6 – 1,957,994 
Total $– $131,450,258 
From net realized gain   
Fidelity Freedom 2050 Fund $– $93,839,199 
Class K – 116,797,064 
Class K6 – 2,419,431 
Total $– $213,055,694 
Fidelity Freedom 2055 Fund   
Distributions to shareholders   
Fidelity Freedom 2055 Fund $81,845,595 $– 
Class K 178,822,212 – 
Class K6 19,867,662 – 
Total $280,535,469 $– 
From net investment income   
Fidelity Freedom 2055 Fund $– $12,886,343 
Class K – 34,941,200 
Class K6 – 799,585 
Total $– $48,627,128 
From net realized gain   
Fidelity Freedom 2055 Fund $– $27,949,675 
Class K – 41,275,560 
Class K6 – 928,253 
Total $– $70,153,488 
Fidelity Freedom 2060 Fund   
Distributions to shareholders   
Fidelity Freedom 2060 Fund $15,371,631 $– 
Class K 33,767,760 – 
Class K6 3,803,581 – 
Total $52,942,972 $– 
From net investment income   
Fidelity Freedom 2060 Fund $– $2,107,103 
Class K – 5,444,764 
Class K6 – 151,536 
Total $– $7,703,403 
From net realized gain   
Fidelity Freedom 2060 Fund $– $3,721,242 
Class K – 5,555,128 
Class K6 – 152,547 
Total $– $9,428,917 

 (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 March 31, 2018.

9. 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 
 Year ended March 31, 2019 Year ended March 31, 2018(a) Year ended March 31, 2019 Year ended March 31, 2018(a) 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 25,058,541 27,221,111 $286,757,008 $320,765,917 
Reinvestment of distributions 8,973,666 6,605,290 100,623,614 77,395,265 
Shares redeemed (41,698,472) (38,028,513) (476,864,729) (447,668,101) 
Net increase (decrease) (7,666,265) (4,202,112) $(89,484,107) $(49,506,919) 
Class K     
Shares sold 24,707,642 23,453,639 $282,292,785 $277,296,475 
Issued in exchange for the shares of Fidelity Freedom K Income Fund – 136,520,990 – 1,613,678,107 
Reinvestment of distributions 6,301,112 3,392,232 70,626,011 39,879,319 
Shares redeemed (57,099,968) (29,017,558) (651,962,576) (343,144,692) 
Net increase (decrease) (26,091,214) 134,349,303 $(299,043,780) $1,587,709,209 
Class K6     
Shares sold 13,449,555 3,890,192 $152,953,366 $45,935,962 
Reinvestment of distributions 436,212 39,381 4,849,927 463,035 
Shares redeemed (2,583,945) (569,053) (29,297,281) (6,709,845) 
Net increase (decrease) 11,301,822 3,360,520 $128,506,012 $39,689,152 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 8,707,889 7,378,209 $105,898,952 $92,645,422 
Reinvestment of distributions 2,498,926 1,791,008 29,581,031 22,315,999 
Shares redeemed (12,238,570) (9,828,104) (149,557,798) (123,356,983) 
Net increase (decrease) (1,031,755) (658,887) $(14,077,815) $(8,395,562) 
Class K     
Shares sold 9,255,304 9,369,547 $113,037,972 $118,391,743 
Issued in exchange for the shares of Fidelity Freedom K 2005 Fund – 32,823,330 – 412,589,249 
Reinvestment of distributions 1,716,365 938,278 20,287,074 11,766,005 
Shares redeemed (15,495,358) (9,282,767) (188,855,616) (117,477,612) 
Net increase (decrease) (4,523,689) 33,848,388 $(55,530,570) $425,269,385 
Class K6     
Shares sold 3,528,841 893,756 $42,992,307 $11,275,207 
Reinvestment of distributions 131,530 11,585 1,532,113 145,398 
Shares redeemed (1,034,182) (106,187) (12,433,043) (1,340,558) 
Net increase (decrease) 2,626,189 799,154 $32,091,377 $10,080,047 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 22,137,663 23,767,583 $343,265,947 $381,761,384 
Reinvestment of distributions 16,784,206 12,229,853 250,047,842 194,626,240 
Shares redeemed (48,968,002) (49,294,217) (758,581,263) (791,146,041) 
Net increase (decrease) (10,046,133) (13,296,781) $(165,267,474) $(214,758,417) 
Class K     
Shares sold 18,984,925 20,322,144 $293,919,487 $328,782,786 
Issued in exchange for the shares of Fidelity Freedom K 2010 Fund – 158,527,428 – 2,547,535,809 
Reinvestment of distributions 9,374,907 5,452,961 139,656,036 87,465,493 
Shares redeemed (53,900,418) (34,234,425) (833,905,445) (555,204,634) 
Net increase (decrease) (25,540,586) 150,068,108 $(400,329,922) $2,408,579,454 
Class K6     
Shares sold 12,241,190 4,164,658 $189,424,821 $67,215,211 
Reinvestment of distributions 670,199 71,521 9,802,728 1,147,196 
Shares redeemed (2,696,778) (490,870) (41,281,520) (7,955,488) 
Net increase (decrease) 10,214,611 3,745,309 $157,946,029 $60,406,919 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 68,644,548 72,616,042 $886,402,243 $968,356,768 
Reinvestment of distributions 30,420,107 19,682,696 373,367,843 260,136,127 
Shares redeemed (112,629,257) (104,001,992) (1,453,808,319) (1,384,215,146) 
Net increase (decrease) (13,564,602) (11,703,254) $(194,038,233) $(155,722,251) 
Class K     
Shares sold 48,472,774 57,486,192 $623,037,344 $773,133,070 
Issued in exchange for the shares of Fidelity Freedom K 2015 Fund – 357,299,109 – 4,748,505,056 
Reinvestment of distributions 23,474,505 12,372,220 287,986,155 165,416,578 
Shares redeemed (145,174,941) (79,691,095) (1,869,172,103) (1,075,934,728) 
Net increase (decrease) (73,227,662) 347,466,426 $(958,148,604) $4,611,119,976 
Class K6     
Shares sold 35,938,671 10,514,183 $463,016,828 $140,899,779 
Reinvestment of distributions 2,034,205 162,796 24,393,690 2,176,583 
Shares redeemed (7,934,238) (2,096,076) (100,776,398) (28,077,012) 
Net increase (decrease) 30,038,638 8,580,903 $386,634,120 $114,999,350 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 174,048,484 152,441,221 $2,786,786,989 $2,504,940,140 
Reinvestment of distributions 53,655,013 35,050,498 818,525,498 571,436,446 
Shares redeemed (226,928,918) (187,167,034) (3,635,996,707) (3,072,056,561) 
Net increase (decrease) 774,579 324,685 $(30,684,220) $4,320,025 
Class K     
Shares sold 159,909,895 159,801,375 $2,553,281,316 $2,656,458,207 
Issued in exchange for the shares of Fidelity Freedom K 2020 Fund – 997,191,746 – 16,284,141,352 
Reinvestment of distributions 62,766,863 31,625,493 956,998,176 523,718,165 
Shares redeemed (375,652,943) (181,091,802) (6,006,032,882) (3,024,255,229) 
Net increase (decrease) (152,976,185) 1,007,526,812 $(2,495,753,390) $16,440,062,495 
Class K6     
Shares sold 99,609,081 31,475,610 $1,599,046,170 $521,683,894 
Reinvestment of distributions 5,641,608 458,124 84,006,920 7,591,110 
Shares redeemed (17,989,116) (3,147,676) (282,730,830) (52,491,121) 
Net increase (decrease) 87,261,573 28,786,058 $1,400,322,260 $476,783,883 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 190,997,403 158,726,717 $2,665,870,688 $2,259,361,477 
Reinvestment of distributions 48,080,617 30,656,487 639,002,472 433,261,289 
Shares redeemed (208,942,009) (151,675,334) (2,921,895,528) (2,154,686,419) 
Net increase (decrease) 30,136,011 37,707,870 $382,977,632 $537,936,347 
Class K     
Shares sold 219,109,631 199,976,963 $3,047,407,947 $2,881,263,698 
Issued in exchange for the shares of Fidelity Freedom K 2025 Fund – 1,039,138,058 – 14,641,455,337 
Reinvestment of distributions 63,709,142 31,228,538 845,201,451 449,690,945 
Shares redeemed (385,355,828) (171,473,684) (5,360,718,475) (2,483,694,512) 
Net increase (decrease) (102,537,055) 1,098,869,875 $(1,468,109,077) $15,488,715,468 
Class K6     
Shares sold 143,847,621 47,051,793 $2,010,911,795 $673,422,348 
Reinvestment of distributions 7,306,902 715,836 94,609,902 10,315,195 
Shares redeemed (19,510,064) (4,172,324) (267,428,812) (60,270,553) 
Net increase (decrease) 131,644,459 43,595,305 $1,838,092,885 $623,466,990 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 150,298,688 123,266,681 $2,620,161,152 $2,193,032,389 
Reinvestment of distributions 50,125,929 31,803,918 826,346,269 561,630,140 
Shares redeemed (154,952,069) (126,546,656) (2,709,471,936) (2,245,714,755) 
Net increase (decrease) 45,472,548 28,523,943 $737,035,485 $508,947,774 
Class K     
Shares sold 187,359,164 159,214,941 $3,255,368,824 $2,878,963,957 
Issued in exchange for the shares of Fidelity Freedom K 2030 Fund – 980,848,240 – 17,213,886,716 
Reinvestment of distributions 67,704,007 32,337,117 1,115,314,992 584,008,406 
Shares redeemed (317,489,316) (148,080,700) (5,520,962,244) (2,692,845,198) 
Net increase (decrease) (62,426,145) 1,024,319,598 $(1,150,278,428) $17,984,013,881 
Class K6     
Shares sold 114,242,961 47,995,734 $1,995,309,716 $858,334,852 
Reinvestment of distributions 7,297,869 885,011 117,037,625 16,000,993 
Shares redeemed (13,537,858) (3,213,471) (231,723,598) (58,671,562) 
Net increase (decrease) 108,002,972 45,667,274 $1,880,623,743 $815,664,283 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 138,496,945 110,962,220 $2,037,156,074 $1,654,304,549 
Reinvestment of distributions 39,740,764 21,957,182 547,688,796 325,960,643 
Shares redeemed (136,013,816) (99,897,658) (2,013,190,111) (1,486,838,456) 
Net increase (decrease) 42,223,893 33,021,744 $571,654,759 $493,426,736 
Class K     
Shares sold 185,251,656 152,904,028 $2,714,632,551 $2,323,823,499 
Issued in exchange for the shares of Fidelity Freedom K 2035 Fund – 810,190,579 – 11,861,189,816 
Reinvestment of distributions 59,222,839 25,155,590 813,680,040 383,622,740 
Shares redeemed (289,910,315) (133,107,016) (4,248,047,149) (2,040,612,137) 
Net increase (decrease) (45,435,820) 855,143,181 $(719,734,558) $12,528,023,918 
Class K6     
Shares sold 112,638,479 48,428,487 $1,660,559,280 $727,016,849 
Reinvestment of distributions 7,583,919 875,553 101,166,211 13,360,944 
Shares redeemed (13,041,070) (2,447,780) (187,832,399) (37,752,360) 
Net increase (decrease) 107,181,328 46,856,260 $1,573,893,092 $702,625,433 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 182,072,693 136,619,831 $1,878,923,853 $1,431,492,061 
Reinvestment of distributions 59,905,740 33,488,676 576,239,377 348,747,375 
Shares redeemed (185,049,244) (139,529,622) (1,921,335,739) (1,457,941,134) 
Net increase (decrease) 56,929,189 30,578,885 $533,827,491 $322,298,302 
Class K     
Shares sold 258,792,906 204,272,570 $2,655,852,866 $2,180,144,652 
Issued in exchange for the shares of Fidelity Freedom K 2040 Fund – 1,209,417,175 – 12,432,808,583 
Reinvestment of distributions 90,012,951 38,561,612 864,717,475 412,994,864 
Shares redeemed (418,657,133) (192,024,994) (4,307,896,378) (2,069,340,268) 
Net increase (decrease) (69,851,276) 1,260,226,363 $(787,326,037) $12,956,607,831 
Class K6     
Shares sold 146,798,962 63,538,724 $1,520,211,796 $671,238,294 
Reinvestment of distributions 10,519,511 1,066,834 97,776,569 11,425,788 
Shares redeemed (16,104,067) (3,427,354) (162,433,213) (37,056,376) 
Net increase (decrease) 141,214,406 61,178,204 $1,455,555,152 $645,607,706 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 119,195,819 83,678,942 $1,394,706,563 $990,525,865 
Reinvestment of distributions 26,703,997 13,350,262 291,331,809 157,549,317 
Shares redeemed (108,800,376) (72,278,251) (1,284,013,422) (853,762,795) 
Net increase (decrease) 37,099,440 24,750,953 $402,024,950 $294,312,387 
Class K     
Shares sold 183,374,163 138,438,372 $2,134,406,191 $1,672,115,670 
Issued in exchange for the shares of Fidelity Freedom K 2045 Fund – 680,392,245 – 7,906,157,717 
Reinvestment of distributions 51,875,559 20,403,619 563,596,638 247,495,898 
Shares redeemed (261,085,998) (114,898,251) (3,037,292,345) (1,401,257,211) 
Net increase (decrease) (25,836,276) 724,335,985 $(339,289,516) $8,424,512,074 
Class K6     
Shares sold 99,663,304 35,416,332 $1,164,218,713 $424,716,328 
Reinvestment of distributions 6,200,558 497,430 65,086,061 6,038,804 
Shares redeemed (9,815,182) (1,761,820) (111,945,159) (21,547,868) 
Net increase (decrease) 96,048,680 34,151,942 $1,117,359,615 $409,207,264 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 104,143,856 75,824,728 $1,224,783,503 $902,647,093 
Reinvestment of distributions 21,745,643 10,861,802 238,582,101 128,951,626 
Shares redeemed (90,449,638) (63,697,605) (1,071,655,417) (756,367,850) 
Net increase (decrease) 35,439,861 22,988,925 $391,710,187 $275,230,869 
Class K     
Shares sold 175,911,537 122,562,514 $2,056,748,125 $1,491,197,304 
Issued in exchange for the shares of Fidelity Freedom K 2050 Fund – 572,849,516 – 6,690,882,218 
Reinvestment of distributions 43,756,458 17,173,138 478,387,408 209,512,284 
Shares redeemed (228,313,958) (96,878,288) (2,677,330,866) (1,187,384,579) 
Net increase (decrease) (8,645,963) 615,706,880 $(142,195,333) $7,204,207,227 
Class K6     
Shares sold 80,095,292 28,136,620 $947,863,380 $340,101,592 
Reinvestment of distributions 4,987,171 358,805 52,675,678 4,377,425 
Shares redeemed (8,983,925) (1,536,761) (103,494,973) (18,895,572) 
Net increase (decrease) 76,098,538 26,958,664 $897,044,085 $325,583,445 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 53,445,059 38,370,551 $709,023,239 $515,078,307 
Reinvestment of distributions 6,462,035 2,987,887 80,509,228 40,144,179 
Shares redeemed (38,484,032) (23,349,667) (514,580,553) (313,087,284) 
Net increase (decrease) 21,423,062 18,008,771 $274,951,914 $242,135,202 
Class K     
Shares sold 98,682,302 61,914,305 $1,305,321,274 $850,947,947 
Issued in exchange for the shares of Fidelity Freedom K 2055 Fund – 187,145,598 – 2,460,964,568 
Reinvestment of distributions 14,422,538 5,543,037 178,822,212 76,216,759 
Shares redeemed (91,913,657) (35,972,762) (1,217,064,799) (496,645,456) 
Net increase (decrease) 21,191,183 218,630,178 $267,078,687 $2,891,483,818 
Class K6     
Shares sold 33,803,827 10,467,862 $452,490,356 $142,591,736 
Reinvestment of distributions 1,656,647 125,661 19,867,662 1,727,838 
Shares redeemed (3,933,170) (701,172) (51,403,131) (9,691,523) 
Net increase (decrease) 31,527,304 9,892,351 $420,954,887 $134,628,051 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 20,107,238 13,553,573 $237,700,369 $162,527,190 
Reinvestment of distributions 1,350,122 472,322 14,977,346 5,668,501 
Shares redeemed (10,024,630) (4,749,212) (119,574,619) (56,963,732) 
Net increase (decrease) 11,432,730 9,276,683 $133,103,096 $111,231,959 
Class K     
Shares sold 43,960,200 21,671,635 $518,763,344 $266,499,060 
Issued in exchange for the shares of Fidelity Freedom K 2060 Fund – 30,017,564 – 350,605,136 
Reinvestment of distributions 3,063,146 897,950 33,767,760 10,999,891 
Shares redeemed (25,243,734) (7,538,541) (298,055,315) (92,630,473) 
Net increase (decrease) 21,779,612 45,048,608 $254,475,789 $535,473,614 
Class K6     
Shares sold 10,340,589 2,364,906 $122,533,903 $28,724,895 
Reinvestment of distributions 354,539 24,823 3,803,581 304,083 
Shares redeemed (1,270,778) (186,212) (14,790,330) (2,286,597) 
Net increase (decrease) 9,424,350 2,203,517 $111,547,154 $26,742,381 

 (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 March 31, 2018.

10. 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.

 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 Series Small Cap Opportunities Fund 11% 16% 13% 14% 
Fidelity Series Investment Grade Bond Fund 25% 21% 19% 
Fidelity Series All-Sector Equity Fund 10% 15% 13% 15% 
Fidelity Series Emerging Markets Opportunities Fund 12% 12% 16% 13% 13% 
Fidelity Series Inflation-Protected Bond Index Fund 10% 24% 19% 
Fidelity Series High Income Fund 13% 13% 15% 13% 
Fidelity Series Floating Rate High Income Fund 14% 13% 16% 11% 11% 
Fidelity Series Real Estate Income Fund 14% 14% 16% 11% 11% 
Fidelity Series Commodity Strategy Fund 14% 13% 16% 11% 12% 
Fidelity Series International Growth Fund 11% 12% 16% 13% 14% 
Fidelity Series International Value Fund 11% 12% 16% 13% 14% 
Fidelity Series International Small Cap Fund 11% 12% 16% 13% 14% 
Fidelity Series Emerging Markets Debt Fund 14% 14% 16% 11% 11% 
Fidelity Series Value Discovery Fund 11% 15% 13% 14% 
Fidelity Series Intrinsic Opportunities Fund 11% 12% 18% 15% 16% 
Fidelity Series Large Cap Stock Fund 11% 16% 13% 14% 
Fidelity Series Opportunistic Insights Fund 11% 15% 13% 14% 
Fidelity Series Stock Selector Large Cap Value Fund 11% 16% 13% 14% 
Fidelity Series Growth Company Fund 11% 12% 17% 15% 16% 10% 
Fidelity Series Blue Chip Growth Fund 11% 12% 18% 15% 16% 
Fidelity Series Large Cap Value Index Fund 11% 12% 17% 14% 15% 
Fidelity Series Small Cap Discovery Fund 11% 13% 18% 15% 15% 
Fidelity Series Short-Term Credit Fund 11% 26% 18% 
Fidelity Series Government Money Market Fund 11% 26% 18% 
Fidelity Series Long-Term Treasury Bond Index Fund 13% 14% 17% 12% 
Fidelity Series International Credit Fund 18% 15% 15% 
Fidelity Series Canada Fund 11% 12% 16% 13% 14% 
Fidelity Series Emerging Markets Fund 12% 12% 16% 13% 13% 

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 Small Cap Opportunities Fund 90% 
Fidelity Series Investment Grade Bond Fund 91% 
Fidelity Series All-Sector Equity Fund 88% 
Fidelity Series Emerging Markets Opportunities Fund 91% 
Fidelity Series Inflation-Protected Bond Index Fund 82% 
Fidelity Series High Income Fund 91% 
Fidelity Series Floating Rate High Income Fund 91% 
Fidelity Series Real Estate Income Fund 91% 
Fidelity Series Commodity Strategy Fund 91% 
Fidelity Series International Growth Fund 91% 
Fidelity Series International Value Fund 91% 
Fidelity Series International Small Cap Fund 91% 
Fidelity Series Emerging Markets Debt Fund 91% 
Fidelity Series Value Discovery Fund 86% 
Fidelity Series Intrinsic Opportunities Fund 100% 
Fidelity Series Large Cap Stock Fund 88% 
Fidelity Series Opportunistic Insights Fund 87% 
Fidelity Series Stock Selector Large Cap Value Fund 90% 
Fidelity Series Growth Company Fund 100% 
Fidelity Series Blue Chip Growth Fund 100% 
Fidelity Series Large Cap Value Index Fund 95% 
Fidelity Series Small Cap Discovery Fund 100% 
Fidelity Series Short-Term Credit Fund 91% 
Fidelity Series Government Money Market Fund 91% 
Fidelity Series Long-Term Treasury Bond Index Fund 83% 
Fidelity Series International Credit Fund 91% 
Fidelity Series Canada Fund 91% 
Fidelity Series Emerging Markets Fund 91% 

11. Prior Year 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 were 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 March 31, 2018, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), were 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 $16,728,029 $35,389,643 $11,609,337 $63,727,009 
Fidelity Freedom 2010 Fund 106,763,939 333,966,494 71,884,105 512,614,538 
Fidelity Freedom 2015 Fund 159,942,201 586,125,932 165,934,516 912,002,649 
Fidelity Freedom 2020 Fund 450,417,256 1,534,035,495 849,346,252 2,833,799,003 
Fidelity Freedom 2025 Fund 380,268,141 1,245,869,247 1,016,040,300 2,642,177,688 
Fidelity Freedom 2030 Fund 412,091,376 1,721,922,624 1,479,580,811 3,613,594,811 
Fidelity Freedom 2035 Fund 242,223,907 1,155,921,037 1,298,580,090 2,696,725,034 
Fidelity Freedom 2040 Fund 248,017,447 1,233,803,836 1,365,296,048 2,847,117,331 
Fidelity Freedom 2045 Fund 146,215,610 672,902,843 832,531,991 1,651,650,444 
Fidelity Freedom 2050 Fund 122,703,111 561,458,056 703,867,025 1,388,028,192 
Fidelity Freedom 2055 Fund 45,262,250 182,494,227 254,156,558 481,913,035 
Fidelity Freedom 2060 Fund 7,044,354 27,215,638 32,045,178 66,305,170 
Fidelity Freedom Income Fund 63,379,287 104,507,706 13,301,658 181,188,651 

Because each combined investment portfolio has 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.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Aberdeen Street Trust and Shareholders of 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:

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of 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 (thirteen of the funds constituting Fidelity Aberdeen Street Trust, hereafter collectively referred to as the "Funds") as of March 31, 2019, the related statements of operations for the year ended March 31, 2019, the statements of changes in net assets for each of the two years in the period ended March 31, 2019, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2019, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended March 31, 2019 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2019 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinions.

PricewaterhouseCoopers LLP

Boston, Massachusetts

May 16, 2019



We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance.  If the interests of a fund and an underlying Fidelity® fund were to diverge, a conflict of interest could arise and affect how the Trustees and Members of the Advisory Board fulfill their fiduciary duties to the affected funds.  FMRC has structured the funds to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, FMRC, the Trustees, and Members of the Advisory Board would take reasonable steps to minimize and, if possible, eliminate the conflict.  Each of the Trustees oversees 264 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

Each fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544 if you’re an individual investing directly with Fidelity, call 1-800-835-5092 if you’re a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you’re an advisor or invest through one.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-present) and Chairman and Director of FMR (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds. Ms. McAuliffe previously served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company). Earlier roles at FIL included Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo. Ms. McAuliffe also was the Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe is also a director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Previously, Ms. Acton served as a Member of the Advisory Board of certain Fidelity® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). She is the President of First to Four LLC (leadership and mentoring services, 2012-present). She also serves as a member of the Board of Directors and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor, and aerospace systems, 2013-present), Board of Directors and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and Board of Directors of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a Member of the Advisory Board of certain Fidelity® funds (2018), a member of the Board of Directors and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board of Directors, Chair of the Nomination and Governance Committee and member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Board of Directors of the Army Historical Foundation (2015-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present) and a member of the Board of Trustees of Florida Institute of Technology (2015-present) and ThanksUSA (military family education non-profit, 2014-present).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. He serves on the board of directors for Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-present) and K12 Inc. (technology-based education company, 2012-present). Previously, Mr. Engler served as interim president of Michigan State University (2018-2019), a Member of the Advisory Board of certain Fidelity® funds (2014-2016), president of the Business Roundtable (2011-2017), a trustee of The Munder Funds (2003-2014), president and CEO of the National Association of Manufacturers (2004-2011), member of the Board of Trustees of the Annie E. Casey Foundation (2004-2015), and as governor of Michigan (1991-2003). He is a past chairman of the National Governors Association.

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Mr. Gartland is Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007), and Chase Manhattan Bank (1975-1978).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity® funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation plc (diversified power management, 2009-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds and on the Board of Directors of IKON Office Solutions, Inc. (1999-2008), AGL Resources, Inc. (holding company, 2002-2016), and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity® funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company (pipeline and tanker operations). Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Santa Catalina Island Company (real estate, 2009-present). Ms. Knowles is a Member of the Investment Company Institute Board of Governors and a Member of the Governing Council of the Independent Directors Council (2014-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002). Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Mr. Murray is Vice Chairman (2013-present) of Meijer, Inc. (regional retail chain). Previously, Mr. Murray served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Chief Executive Officer (2013-2016) and President (2006-2013) of Meijer, Inc. Mr. Murray serves as a member of the Board of Directors and Nuclear Review and Public Policy and Responsibility Committees of DTE Energy Company (diversified energy company, 2009-present). Mr. Murray also serves as a member of the Board of Directors of Spectrum Health (not-for-profit health system, 2015-present). Mr. Murray previously served as President of Grand Valley State University (2001-2006), Treasurer for the State of Michigan (1999-2001), Vice President of Finance and Administration for Michigan State University (1998-1999), and a member of the Board of Directors and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray is also a director or trustee of many community and professional organizations.

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Elizabeth Paige Baumann (1968)

Year of Election or Appointment: 2017

Anti-Money Laundering (AML) Officer

Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2018

Secretary and Chief Legal Officer (CLO)

Mr. Coffey also serves as Secretary and CLO of other funds. Mr. Coffey serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-present); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-present). He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Assistant Secretary of certain funds (2009-2018) and as Vice President and Associate General Counsel of FMR LLC (2005-2009).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Adrien E. Deberghes (1967)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Deberghes also serves as an officer of other funds. He serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm, 2016-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as President and Treasurer of certain Fidelity® funds (2013-2018). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). Previously, Mr. Deberghes served in other fund officer roles.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Assistant Treasurer of certain Fidelity® funds (2016-2018). 

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight, serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

John B. McGinty, Jr. (1962)

Year of Election or Appointment: 2016

Chief Compliance Officer

Mr. McGinty also serves as Chief Compliance Officer of other funds. Mr. McGinty is Senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2016-present). Mr. McGinty previously served as Vice President, Senior Attorney at Eaton Vance Management (investment management firm, 2015-2016), and prior to Eaton Vance as global CCO for all firm operations and registered investment companies at GMO LLC (investment management firm, 2009-2015). Before joining GMO LLC, Mr. McGinty served as Senior Vice President, Deputy General Counsel for Fidelity Investments (2007-2009).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2015

Assistant Secretary

Mr. Pogorelec also serves as Assistant Secretary of other funds. Mr. Pogorelec serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2006-present).

Nancy D. Prior (1967)

Year of Election or Appointment: 2014

Vice President

Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President Fixed Income, High Income/Emerging Market Debt and Multi Asset Class Strategies of FIAM LLC (2018-present), President (2016-present) and Director (2014-present) of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm), President, Fixed Income (2014-present), and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Vice Chairman of FIAM LLC (investment adviser firm, 2014-2018), a Director of FMR Investment Management (UK) Limited (investment adviser firm, 2015-2018), President Multi-Asset Class Strategies of FMR's Global Asset Allocation Division (2017-2018), Vice President of Fidelity's Money Market Funds (2012-2014), President, Money Market and Short Duration Bond Group of Fidelity Management & Research (FMR) (investment adviser firm, 2013-2014), President, Money Market Group of FMR (2011-2013), Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of certain Fidelity® funds (2008-2009).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2018) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.

Marc L. Spector (1972)

Year of Election or Appointment: 2016

Deputy Treasurer

Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche (accounting firm, 2005-2013).

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).

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 (October 1, 2018 to March 31, 2019).

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
October 1, 2018 
Ending
Account Value
March 31, 2019 
Expenses Paid
During Period-B
October 1, 2018
to March 31, 2019 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .47%    
Actual  $1,000.00 $1,022.30 $2.37 
Hypothetical-C  $1,000.00 $1,022.59 $2.37 
Class K .42%    
Actual  $1,000.00 $1,022.50 $2.12 
Hypothetical-C  $1,000.00 $1,022.84 $2.12 
Class K6 .37%    
Actual  $1,000.00 $1,023.10 $1.87 
Hypothetical-C  $1,000.00 $1,023.09 $1.87 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .48%    
Actual  $1,000.00 $1,017.20 $2.41 
Hypothetical-C  $1,000.00 $1,022.54 $2.42 
Class K .43%    
Actual  $1,000.00 $1,017.70 $2.16 
Hypothetical-C  $1,000.00 $1,022.79 $2.17 
Class K6 .37%    
Actual  $1,000.00 $1,017.80 $1.86 
Hypothetical-C  $1,000.00 $1,023.09 $1.87 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .53%    
Actual  $1,000.00 $1,011.60 $2.66 
Hypothetical-C  $1,000.00 $1,022.29 $2.67 
Class K .46%    
Actual  $1,000.00 $1,012.00 $2.31 
Hypothetical-C  $1,000.00 $1,022.64 $2.32 
Class K6 .39%    
Actual  $1,000.00 $1,012.10 $1.96 
Hypothetical-C  $1,000.00 $1,022.99 $1.97 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .57%    
Actual  $1,000.00 $1,005.70 $2.85 
Hypothetical-C  $1,000.00 $1,022.09 $2.87 
Class K .50%    
Actual  $1,000.00 $1,006.20 $2.50 
Hypothetical-C  $1,000.00 $1,022.44 $2.52 
Class K6 .41%    
Actual  $1,000.00 $1,006.20 $2.05 
Hypothetical-C  $1,000.00 $1,022.89 $2.07 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .61%    
Actual  $1,000.00 $1,001.60 $3.04 
Hypothetical-C  $1,000.00 $1,021.89 $3.07 
Class K .53%    
Actual  $1,000.00 $1,001.50 $2.64 
Hypothetical-C  $1,000.00 $1,022.29 $2.67 
Class K6 .43%    
Actual  $1,000.00 $1,001.60 $2.15 
Hypothetical-C  $1,000.00 $1,022.79 $2.17 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .65%    
Actual  $1,000.00 $996.60 $3.24 
Hypothetical-C  $1,000.00 $1,021.69 $3.28 
Class K .57%    
Actual  $1,000.00 $997.30 $2.84 
Hypothetical-C  $1,000.00 $1,022.09 $2.87 
Class K6 .45%    
Actual  $1,000.00 $997.80 $2.24 
Hypothetical-C  $1,000.00 $1,022.69 $2.27 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .70%    
Actual  $1,000.00 $988.40 $3.47 
Hypothetical-C  $1,000.00 $1,021.44 $3.53 
Class K .60%    
Actual  $1,000.00 $989.10 $2.98 
Hypothetical-C  $1,000.00 $1,021.94 $3.02 
Class K6 .47%    
Actual  $1,000.00 $990.10 $2.33 
Hypothetical-C  $1,000.00 $1,022.59 $2.37 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .74%    
Actual  $1,000.00 $977.10 $3.65 
Hypothetical-C  $1,000.00 $1,021.24 $3.73 
Class K .64%    
Actual  $1,000.00 $977.30 $3.16 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $978.20 $2.42 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .75%    
Actual  $1,000.00 $974.20 $3.69 
Hypothetical-C  $1,000.00 $1,021.19 $3.78 
Class K .64%    
Actual  $1,000.00 $974.00 $3.15 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $975.00 $2.41 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .75%    
Actual  $1,000.00 $973.10 $3.69 
Hypothetical-C  $1,000.00 $1,021.19 $3.78 
Class K .64%    
Actual  $1,000.00 $974.00 $3.15 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $974.60 $2.41 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .75%    
Actual  $1,000.00 $973.60 $3.69 
Hypothetical-C  $1,000.00 $1,021.19 $3.78 
Class K .64%    
Actual  $1,000.00 $973.70 $3.15 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $974.20 $2.41 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .75%    
Actual  $1,000.00 $973.70 $3.69 
Hypothetical-C  $1,000.00 $1,021.19 $3.78 
Class K .64%    
Actual  $1,000.00 $974.00 $3.15 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $974.60 $2.41 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .75%    
Actual  $1,000.00 $974.00 $3.69 
Hypothetical-C  $1,000.00 $1,021.19 $3.78 
Class K .64%    
Actual  $1,000.00 $973.40 $3.15 
Hypothetical-C  $1,000.00 $1,021.74 $3.23 
Class K6 .49%    
Actual  $1,000.00 $975.00 $2.41 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 

 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 182/ 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

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:

 Pay Date Record Date Dividends Capital Gains 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund 05/06/19 05/03/19 $0.012 $0.080 
Class K 05/06/19 05/03/19 $0.013 $0.080 
Class K6 05/06/19 05/03/19 $0.014 $0.080 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund 05/13/19 05/10/19 $0.043 $0.154 
Class K 05/13/19 05/10/19 $0.044 $0.154 
Class K6 05/13/19 05/10/19 $0.048 $0.154 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund 05/13/19 05/10/19 $0.045 $0.251 
Class K 05/13/19 05/10/19 $0.047 $0.251 
Class K6 05/13/19 05/10/19 $0.052 $0.251 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund 05/13/19 05/10/19 $0.029 $0.278 
Class K 05/13/19 05/10/19 $0.030 $0.278 
Class K6 05/13/19 05/10/19 $0.035 $0.278 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund 05/13/19 05/10/19 $0.028 $0.401 
Class K 05/13/19 05/10/19 $0.030 $0.401 
Class K6 05/13/19 05/10/19 $0.036 $0.401 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund 05/13/19 05/10/19 $0.016 $0.391 
Class K 05/13/19 05/10/19 $0.018 $0.391 
Class K6 05/13/19 05/10/19 $0.025 $0.391 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund 05/13/19 05/10/19 $0.008 $0.578 
Class K 05/13/19 05/10/19 $0.011 $0.578 
Class K6 05/13/19 05/10/19 $0.019 $0.578 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund 05/13/19 05/10/19 $0.000 $0.560 
Class K 05/13/19 05/10/19 $0.000 $0.563 
Class K6 05/13/19 05/10/19 $0.000 $0.571 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund 05/13/19 05/10/19 $0.000 $0.417 
Class K 05/13/19 05/10/19 $0.000 $0.418 
Class K6 05/13/19 05/10/19 $0.000 $0.424 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund 05/13/19 05/10/19 $0.000 $0.470 
Class K 05/13/19 05/10/19 $0.000 $0.471 
Class K6 05/13/19 05/10/19 $0.000 $0.478 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund 05/13/19 05/10/19 $0.000 $0.468 
Class K 05/13/19 05/10/19 $0.000 $0.470 
Class K6 05/13/19 05/10/19 $0.000 $0.476 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund 05/13/19 05/10/19 $0.000 $0.510 
Class K 05/13/19 05/10/19 $0.000 $0.512 
Class K6 05/13/19 05/10/19 $0.000 $0.520 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund 05/13/19 05/10/19 $0.000 $0.406 
Class K 05/13/19 05/10/19 $0.000 $0.408 
Class K6 05/13/19 05/10/19 $0.000 $0.414 

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2019, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Freedom Income Fund $79,376,091 
Fidelity Freedom 2005 Fund $25,787,988 
Fidelity Freedom 2010 Fund $220,327,962 
Fidelity Freedom 2015 Fund $430,339,783 
Fidelity Freedom 2020 Fund $1,229,445,941 
Fidelity Freedom 2025 Fund $1,122,662,032 
Fidelity Freedom 2030 Fund $1,612,566,302 
Fidelity Freedom 2035 Fund $1,275,193,176 
Fidelity Freedom 2040 Fund $1,375,826,581 
Fidelity Freedom 2045 Fund $842,919,553 
Fidelity Freedom 2050 Fund $713,359,669 
Fidelity Freedom 2055 Fund $277,206,748 
Fidelity Freedom 2060 Fund $59,671,009 

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax

Fidelity Freedom Income Fund 17.69% 
Fidelity Freedom 2005 Fund 14.40% 
Fidelity Freedom 2010 Fund 11.60% 
Fidelity Freedom 2015 Fund 9.32% 
Fidelity Freedom 2020 Fund 7.69% 
Fidelity Freedom 2025 Fund 8.98% 
Fidelity Freedom 2030 Fund 5.89% 
Fidelity Freedom 2035 Fund 2.94% 
Fidelity Freedom 2040 Fund 2.07% 
Fidelity Freedom 2045 Fund 2.41% 
Fidelity Freedom 2050 Fund 2.36% 
Fidelity Freedom 2055 Fund 2.54% 
Fidelity Freedom 2060 Fund 1.98% 

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:

 Retail Class K Class K6 
Fidelity Freedom Income Fund    
April 2018 0% 0% 0% 
May 2018 3% 3% 2% 
June 2018 6% 6% 5% 
July 2018 6% 6% 6% 
August 2018 6% 5% 5% 
September 2018 6% 6% 5% 
October 2018 6% 6% 5% 
November 2018 6% 6% 5% 
December 2018 6% 6% 6% 
February 2019 1% 1% 1% 
March 2019 1% 1% 1% 
Fidelity Freedom 2005 Fund    
May 2018 1% 1% 1% 
December 2018 9% 9% 9% 
Fidelity Freedom 2010 Fund    
May 2018 2% 2% 1% 
December 2018 13% 13% 12% 
Fidelity Freedom 2015 Fund    
May 2018 2% 2% 2% 
December 2018 17% 17% 15% 
Fidelity Freedom 2020 Fund    
May 2018 3% 3% 2% 
December 2018 21% 20% 18% 
Fidelity Freedom 2025 Fund    
May 2018 5% 4% 3% 
December 2018 23% 22% 20% 
Fidelity Freedom 2030 Fund    
May 2018 10% 9% 6% 
December 2018 29% 28% 25% 
Fidelity Freedom 2035 Fund    
May 2018 29% 26% 12% 
December 2018 35% 33% 30% 
Fidelity Freedom 2040 Fund    
May 2018 84% 56% 15% 
December 2018 36% 35% 31% 
Fidelity Freedom 2045 Fund    
May 2018 86% 58% 16% 
December 2018 37% 35% 31% 
Fidelity Freedom 2050 Fund    
December 2018 37% 36% 31% 
Fidelity Freedom 2055 Fund    
December 2018 38% 36% 32% 
Fidelity Freedom 2060 Fund    
December 2018 38% 36% 32% 

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

 Retail Class K Class K6 
Fidelity Freedom Income Fund    
April 2018 0% 0% 0% 
May 2018 7% 7% 7% 
June 2018 15% 15% 14% 
July 2018 15% 15% 14% 
August 2018 16% 15% 15% 
September 2018 15% 15% 14% 
October 2018 15% 15% 14% 
November 2018 15% 15% 14% 
December 2018 15% 15% 15% 
February 2019 1% 1% 1% 
March 2019 1% 1% 1% 
Fidelity Freedom 2005 Fund    
May 2018 2% 2% 2% 
December 2018 22% 22% 20% 
Fidelity Freedom 2010 Fund    
May 2018 3% 3% 2% 
December 2018 30% 29% 27% 
Fidelity Freedom 2015 Fund    
May 2018 4% 4% 3% 
December 2018 37% 36% 33% 
Fidelity Freedom 2020 Fund    
May 2018 5% 4% 4% 
December 2018 44% 42% 38% 
Fidelity Freedom 2025 Fund    
May 2018 6% 6% 5% 
December 2018 48% 47% 42% 
Fidelity Freedom 2030 Fund    
May 2018 15% 14% 9% 
December 2018 59% 57% 51% 
Fidelity Freedom 2035 Fund    
May 2018 41% 37% 18% 
December 2018 70% 68% 60% 
Fidelity Freedom 2040 Fund    
May 2018 100% 85% 24% 
December 2018 73% 70% 62% 
Fidelity Freedom 2045 Fund    
May 2018 100% 87% 24% 
December 2018 75% 72% 63% 
Fidelity Freedom 2050 Fund    
December 2018 76% 72% 64% 
Fidelity Freedom 2055 Fund    
December 2018 77% 74% 65% 
Fidelity Freedom 2060 Fund    
December 2018 78% 74% 67% 

The funds will notify shareholders in January 2020 of amounts for use in preparing 2019 income tax returns.





Fidelity Investments

FF-ANN-0519
1.702316.121




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
















Annual Report

March 31, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Performance

Management's Discussion of Fund Performance

Fidelity Advisor Freedom® Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Advisor Freedom® 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions


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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.79)% 2.04% 4.91% 
Class M (incl. 3.50% sales charge) (0.81)% 2.25% 4.89% 
Class C (incl. contingent deferred sales charge) 1.37% 2.49% 4.75% 
Class I 3.30% 3.50% 5.80% 
Class Z 3.38% 3.52% 5.81% 
Class Z6 3.48% 3.55% 5.82% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® Income Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$16,152Fidelity Advisor Freedom® Income Fund - Class A

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Advisor Freedom® 2005 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.70)% 2.74% 6.91% 
Class M (incl. 3.50% sales charge) (0.63)% 2.98% 6.90% 
Class C (incl. contingent deferred sales charge) 1.40% 3.17% 6.73% 
Class I 3.53% 4.22% 7.82% 
Class Z 3.54% 4.23% 7.82% 
Class Z6 3.53% 4.26% 7.83% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2005 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$19,508Fidelity Advisor Freedom® 2005 Fund - Class A

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Advisor Freedom® 2010 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.66)% 3.25% 7.89% 
Class M (incl. 3.50% sales charge) (0.55)% 3.49% 7.88% 
Class C (incl. contingent deferred sales charge) 1.50% 3.70% 7.71% 
Class I 3.50% 4.74% 8.79% 
Class Z 3.51% 4.75% 8.80% 
Class Z6 3.66% 4.81% 8.83% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2010 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$21,367Fidelity Advisor Freedom® 2010 Fund - Class A

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Advisor Freedom® 2015 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.68)% 3.75% 8.36% 
Class M (incl. 3.50% sales charge) (0.60)% 3.97% 8.34% 
Class C (incl. contingent deferred sales charge) 1.66% 4.21% 8.19% 
Class I 3.55% 5.25% 9.28% 
Class Z 3.63% 5.26% 9.29% 
Class Z6 3.81% 5.32% 9.32% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2015 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$22,315Fidelity Advisor Freedom® 2015 Fund - Class A

$14,472Bloomberg Barclays U.S. Aggregate Bond Index

$43,809S&P 500 Index

Going forward, the fund’s performance will be compared to the Bloomberg Barclays U.S. Aggregate Bond Index, rather than the S&P 500® Index. The Bloomberg Barclays U.S. Aggregate Bond Index more closely represents the fund’s investment strategy, as fixed-income and short-term funds currently represent the majority of the fund’s assets.



Fidelity Advisor Freedom® 2020 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.55)% 4.09% 9.24% 
Class M (incl. 3.50% sales charge) (0.54)% 4.31% 9.23% 
Class C (incl. contingent deferred sales charge) 1.60% 4.54% 9.08% 
Class I 3.61% 5.59% 10.16% 
Class Z 3.64% 5.60% 10.16% 
Class Z6 3.76% 5.66% 10.20% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2020 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$24,198Fidelity Advisor Freedom® 2020 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2025 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.60)% 4.39% 9.97% 
Class M (incl. 3.50% sales charge) (0.52)% 4.63% 9.96% 
Class C (incl. contingent deferred sales charge) 1.64% 4.85% 9.80% 
Class I 3.63% 5.91% 10.90% 
Class Z 3.61% 5.90% 10.90% 
Class Z6 3.85% 5.99% 10.94% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2025 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$25,865Fidelity Advisor Freedom® 2025 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2030 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.52)% 5.05% 10.68% 
Class M (incl. 3.50% sales charge) (0.49)% 5.28% 10.66% 
Class C (incl. contingent deferred sales charge) 1.64% 5.50% 10.50% 
Class I 3.65% 6.57% 11.61% 
Class Z 3.70% 6.58% 11.61% 
Class Z6 3.84% 6.65% 11.65% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2030 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$27,581Fidelity Advisor Freedom® 2030 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2035 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.75)% 5.48% 11.22% 
Class M (incl. 3.50% sales charge) (0.71)% 5.72% 11.21% 
Class C (incl. contingent deferred sales charge) 1.47% 5.95% 11.04% 
Class I 3.47% 7.02% 12.16% 
Class Z 3.55% 7.03% 12.17% 
Class Z6 3.65% 7.11% 12.21% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2035 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$28,971Fidelity Advisor Freedom® 2035 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2040 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.89)% 5.50% 11.39% 
Class M (incl. 3.50% sales charge) (0.78)% 5.74% 11.37% 
Class C (incl. contingent deferred sales charge) 1.45% 5.96% 11.22% 
Class I 3.31% 7.01% 12.32% 
Class Z 3.44% 7.04% 12.33% 
Class Z6 3.64% 7.12% 12.38% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2040 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$29,396Fidelity Advisor Freedom® 2040 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2045 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.80)% 5.51% 11.51% 
Class M (incl. 3.50% sales charge) (0.81)% 5.73% 11.49% 
Class C (incl. contingent deferred sales charge) 1.37% 5.96% 11.35% 
Class I 3.34% 7.03% 12.46% 
Class Z 3.34% 7.03% 12.46% 
Class Z6 3.58% 7.12% 12.51% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2045 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$29,714Fidelity Advisor Freedom® 2045 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2050 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Past 10 years 
Class A (incl. 5.75% sales charge) (2.84)% 5.50% 11.66% 
Class M (incl. 3.50% sales charge) (0.77)% 5.75% 11.65% 
Class C (incl. contingent deferred sales charge) 1.41% 5.96% 11.52% 
Class I 3.30% 7.02% 12.62% 
Class Z 3.39% 7.04% 12.63% 
Class Z6 3.55% 7.11% 12.67% 

 Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2050 Fund - Class A on March 31, 2009, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$30,138Fidelity Advisor Freedom® 2050 Fund - Class A

$43,809S&P 500® Index

Fidelity Advisor Freedom® 2055 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Class A (incl. 5.75% sales charge) (2.84)% 5.50% 6.78% 
Class M (incl. 3.50% sales charge) (0.74)% 5.75% 6.84% 
Class C (incl. contingent deferred sales charge) 1.38% 5.98% 6.79% 
Class I 3.34% 7.04% 7.87% 
Class Z 3.38% 7.05% 7.87% 
Class Z6 3.59% 7.13% 7.92% 

 A From June 1, 2011

 Class C shares' contingent deferred sales charges included in the past one year, past five years, and life of fund total return figures are 1%, 0%, and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2055 Fund - Class A on June 1, 2011, when the fund started, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$16,719Fidelity Advisor Freedom® 2055 Fund - Class A

$25,424S&P 500® Index

Fidelity Advisor Freedom® 2060 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Life of fundA 
Class A (incl. 5.75% sales charge) (2.84)% 5.59% 
Class M (incl. 3.50% sales charge) (0.78)% 5.85% 
Class C (incl. contingent deferred sales charge) 1.38% 6.14% 
Class I 3.38% 7.21% 
Class Z 3.44% 7.23% 
Class Z6 3.63% 7.32% 

 A From August 5, 2014

 Class C shares' contingent deferred sales charges included in the past one year and life of fund total return figures are 1% and 0%, respectively. 

 The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018 are those of Class I. 

 The initial offering of Class Z6 shares took place on June 6, 2017. Returns prior to June 6, 2017 are those of Class I. 

 Prior to June 1, 2017, the fund operated under a different pricing structure. The fund’s historical performance prior to June 1, 2017 does not reflect the fund’s current pricing structure. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom® 2060 Fund - Class A on August 5, 2014, when the fund started, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$12,882Fidelity Advisor Freedom® 2060 Fund - Class A

$16,256S&P 500® Index

Management's Discussion of Fund Performance

Market Recap:  The global economy remained in expansion for the 12 months ending March 31, 2019, but growth was less synchronous and uneven. Many major economies progressed toward more-advanced stages of the business cycle. Financial markets responded favorably to the U.S. Federal Reserve’s shift away from its monetary tightening bias in the first quarter of 2019. Most economic indicators remained tepid, although China displayed some initial signs of stabilizing activity, and stepped up the pace of fiscal and monetary stimulus in the first quarter. Against this backdrop, the MSCI World ex USA Index of non-U.S. equity markets returned -2.91% for the year. Much of the negative impact came in the volatile fourth quarter of 2018, when the index returned -13%, followed by a sharp rebound to begin 2019. Among regions in the index, stocks in resource-rich Canada gained 4%, benefiting from rising crude-oil prices early and late in the period, while Asia Pacific ex Japan (+4%) was aided by stabilizing returns in Hong Kong, which rose 8%. Conversely, stocks in Japan (-8%), emerging markets (0%) and Europe ex U.K. (-4%) lagged. Results at home were markedly better. The U.S. equity bellwether S&P 500® index rose 9.50%. Nine of 11 sectors in the S&P 500® had a positive return. Three defensive sectors stood out: real estate (+21%), utilities (+19%) and health care (+15%). Conversely, some economically sensitive sectors struggled, with financials (-5%) faring worst. The small-cap-oriented Russell 2000® Index gained 2.05% for the 12 months. Commodities also lagged, as evidenced by the -5.25% result of the Bloomberg Barclays Commodity Index Total Return. U.S. investment-grade bonds gained 4.48%, according to the Bloomberg Barclays U.S. Aggregate Bond Index, largely driven by surging returns for credit-sensitive sectors. U.S. corporate bonds increased 4.89%, according to the Bloomberg Barclays Credit Bond Index. Elsewhere, securitized sectors fared well, led by commercial mortgage-backed securities (+5.43%). Agency bonds and Treasury Inflation-Protected Securities (TIPS) lagged, as measured by the 3.73% return of the Bloomberg Barclays U.S. Agency Bond Index and the 2.70% advance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index (Series-L), respectively.

Comments from Co-Portfolio Managers Andrew Dierdorf and Brett Sumsion:  For the fiscal year March 31, 2019, the Class I shares of each Advisor Freedom® Fund posted a gain, ranging from roughly 3% to 4%. Each Fund lagged its respective Composite index by roughly 1 to 2 percentage points. Top-down active asset allocation decisions were primarily responsible for the Funds' underperformance of Composites, while underlying investment performance was a positive factor overall. In terms of active asset allocation, non-Composite exposure to commodities held back the Funds' results most, followed by an overweighting in non-U.S. equities. Within non-U.S. equities, an overweighting in emerging-markets investments notably held back the Funds' performance. Meanwhile, underweighting U.S. equities also detracted, as this was one of the better-performing asset classes this period. Intra-asset allocation decisions – investments made within the major asset classes (equities and fixed-income) – also had a negative influence on the Funds’ relative results. In particular, allocations within U.S. equities and non U.S.-equities proved disappointing. Specifically, allocations to small-cap-oriented and value-focused funds notably detracted within U.S. and non-U.S. equities, as these categories generally underperformed larger, growth-oriented styles the past year. Looking at the Funds' overall underlying investment performance, the relative outperformance of investments in U.S. equities added value versus Composites. Here, an investment in Fidelity Advisor Series Growth Opportunities Fund led the way, as its 38% gain handily outperformed the roughly 9% advance of the Dow Jones U.S. Total Stock Market Index, the Composite's benchmark for U.S. equities. The performance of the Funds' underlying investment-grade bond investments also added value versus Composites.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Notes to Shareholders:  At its May 2018 meeting, the Board of Trustees approved incremental updates to the glide path and strategic asset allocation of Fidelity Advisor Freedom Funds, adding U.S. Treasury Inflation-Protected Securities and long-term U.S. Treasury bonds, and slightly reducing the equity and short-term debt allocations for shorter-dated Funds. These updates have been fully implemented. At its May 2019 meeting, the Board of Trustees approved adjusting the equity composition of the strategic asset allocation of Fidelity Advisor Freedom Funds from 70%/30% to 60%/40% for U.S./non-U.S. equities.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 37.4 
Fidelity Series Government Money Market Fund 2.50% 17.8 
Fidelity Series Inflation-Protected Bond Index Fund 13.1 
Fidelity Series Long-Term Treasury Bond Index Fund 4.5 
Fidelity Series Short-Term Credit Fund 4.5 
Fidelity Series Emerging Markets Opportunities Fund 3.4 
Fidelity Series International Growth Fund 2.3 
Fidelity Series Commodity Strategy Fund 2.3 
Fidelity Series International Value Fund 2.2 
Fidelity Series Large Cap Stock Fund 1.8 
 89.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 11.1% 
   International Equity Funds 9.1% 
   Bond Funds 57.4% 
   Short-Term Funds 22.4% 


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

Fidelity Advisor Freedom® Income Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.4% 4/4/19 to 5/30/19 (a)   
(Cost $79,798) 80,000 79,801 
 Shares Value 
Domestic Equity Funds - 11.1%   
Fidelity Advisor Series Equity Growth Fund (b) 175,920 $2,450,563 
Fidelity Advisor Series Growth Opportunities Fund (b) 116,801 1,688,943 
Fidelity Advisor Series Small Cap Fund (b) 103,908 1,088,957 
Fidelity Series All-Sector Equity Fund (b) 102,766 989,640 
Fidelity Series Commodity Strategy Fund (b) 1,092,283 5,210,189 
Fidelity Series Large Cap Stock Fund (b) 282,068 4,132,298 
Fidelity Series Large Cap Value Index Fund (b) 36,968 458,775 
Fidelity Series Opportunistic Insights Fund (b) 128,024 2,237,855 
Fidelity Series Small Cap Opportunities Fund (b) 103,765 1,396,674 
Fidelity Series Stock Selector Large Cap Value Fund (b) 231,290 2,729,219 
Fidelity Series Value Discovery Fund (b) 214,404 2,677,903 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $21,559,049)  25,061,016 
International Equity Funds - 9.1%   
Fidelity Series Canada Fund (b) 44,972 463,666 
Fidelity Series Emerging Markets Fund (b) 83,450 816,980 
Fidelity Series Emerging Markets Opportunities Fund (b) 411,506 7,625,209 
Fidelity Series International Growth Fund (b) 348,897 5,299,749 
Fidelity Series International Small Cap Fund (b) 82,777 1,285,533 
Fidelity Series International Value Fund (b) 547,528 5,092,008 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $16,737,677)  20,583,145 
Bond Funds - 57.4%   
Fidelity Series Emerging Markets Debt Fund (b) 178,663 1,713,377 
Fidelity Series Floating Rate High Income Fund (b) 40,078 371,523 
Fidelity Series High Income Fund (b) 210,605 1,979,688 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,027,876 29,612,624 
Fidelity Series International Credit Fund (b) 11,796 116,665 
Fidelity Series Investment Grade Bond Fund (b) 7,537,739 84,271,921 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,157,714 10,268,926 
Fidelity Series Real Estate Income Fund (b) 102,658 1,120,004 
TOTAL BOND FUNDS   
(Cost $126,921,248)  129,454,728 
Short-Term Funds - 22.4%   
Fidelity Cash Central Fund, 2.48% (c) 343,986 344,055 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 40,063,769 40,063,769 
Fidelity Series Short-Term Credit Fund (b) 1,009,370 10,063,420 
TOTAL SHORT-TERM FUNDS   
(Cost $50,434,514)  50,471,244 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $215,732,286)  225,649,934 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (96,958) 
NET ASSETS - 100%  $225,552,976 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $213,094 $928 $928 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 115,828 1,318 1,318 
CBOT 10-Year U.S. Treasury Note Contracts (United States) June 2019 124,219 2,311 2,311 
TOTAL PURCHASED     4,557 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 851,340 (25,768) (25,768) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2019 422,960 (7,889) (7,889) 
TOTAL SOLD     (33,657) 
TOTAL FUTURES CONTRACTS     $(29,100) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.6%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $79,801.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $3,957 
Total $3,957 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,986,272 $799,550 $1,524,101 $185,610 $235,198 $(46,356) $2,450,563 
Fidelity Advisor Series Equity Value Fund 3,441,952 554,340 1,263,737 91,665 155,363 (651,254) -- 
Fidelity Advisor Series Growth & Income Fund 5,267,197 1,126,409 2,094,596 408,911 147,730 (1,111,601) -- 
Fidelity Advisor Series Growth Opportunities Fund 1,963,092 698,340 1,316,470 291,912 309,089 34,892 1,688,943 
Fidelity Advisor Series Opportunistic Insights Fund 2,809,288 550,119 1,177,658 174,096 310,240 (1,149,788) -- 
Fidelity Advisor Series Small Cap Fund 1,497,643 404,745 719,136 104,438 73,427 (167,722) 1,088,957 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 3,474,257 698,024 1,284,823 232,137 163,270 (660,926) -- 
Fidelity Series 100 Index Fund 1,480,375 -- 1,552,285 -- 970,147 (898,237) -- 
Fidelity Series All-Sector Equity Fund 2,050,720 646,821 1,634,905 247,553 341,587 (414,583) 989,640 
Fidelity Series Canada Fund 536,118 142,213 226,787 10,397 1,071 11,051 463,666 
Fidelity Series Commodity Strategy Fund 4,537,656 2,584,007 1,320,873 309,044 (294,022) (296,579) 5,210,189 
Fidelity Series Emerging Markets Debt Fund 1,670,287 389,349 264,607 102,878 (4,018) (77,634) 1,713,377 
Fidelity Series Emerging Markets Fund -- 895,358 86,963 3,260 (1,502) 10,087 816,980 
Fidelity Series Emerging Markets Opportunities Fund 6,576,903 3,363,370 1,356,304 600,390 (47,417) (911,343) 7,625,209 
Fidelity Series Floating Rate High Income Fund 531,740 136,265 284,692 31,322 (13,779) 1,989 371,523 
Fidelity Series Government Money Market Fund 2.50% 49,380,363 13,752,580 23,069,174 933,276 -- -- 40,063,769 
Fidelity Series High Income Fund 3,122,185 808,239 1,915,245 188,137 (59,646) 24,155 1,979,688 
Fidelity Series Inflation-Protected Bond Index Fund 8,056,431 25,985,055 4,547,523 536,662 (51,927) 170,588 29,612,624 
Fidelity Series International Credit Fund 111,314 5,642 -- 5,642 -- (291) 116,665 
Fidelity Series International Growth Fund 5,569,432 2,343,974 2,348,345 344,523 189,906 (455,218) 5,299,749 
Fidelity Series International Small Cap Fund 1,385,201 649,190 550,892 112,043 37,234 (235,200) 1,285,533 
Fidelity Series International Value Fund 5,462,228 2,154,457 1,886,657 189,510 17,894 (655,914) 5,092,008 
Fidelity Series Investment Grade Bond Fund 81,183,581 19,731,720 17,861,385 2,741,950 (93,727) 1,311,732 84,271,921 
Fidelity Series Large Cap Stock Fund -- 539,362 515,481 171,209 (10,590) 783,868 4,132,298 
Fidelity Series Large Cap Value Index Fund 585,207 139,294 277,523 21,719 34,401 (22,604) 458,775 
Fidelity Series Long-Term Treasury Bond Index Fund 4,509,835 8,552,150 3,246,162 238,187 (70,116) 523,219 10,268,926 
Fidelity Series Opportunistic Insights Fund -- 385,470 265,654 185,551 (12,878) 788,716 2,237,855 
Fidelity Series Real Estate Equity Fund 358,281 5,201 378,004 4,736 63,967 (49,445) -- 
Fidelity Series Real Estate Income Fund 1,049,918 302,993 252,000 80,437 (817) 19,910 1,120,004 
Fidelity Series Short-Term Credit Fund 12,143,757 2,613,659 4,805,632 289,932 (36,762) 148,398 10,063,420 
Fidelity Series Small Cap Opportunities Fund 1,815,589 536,126 926,534 165,282 233,753 (262,260) 1,396,674 
Fidelity Series Stock Selector Large Cap Value Fund -- 476,211 331,484 235,997 (7,412) 202,102 2,729,219 
Fidelity Series Value Discovery Fund -- 402,759 323,925 165,918 (5,364) 367,769 2,677,903 
 $213,556,822 $92,372,992 $79,609,557 $9,404,324 $2,574,300 $(3,668,479) $225,226,078 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $79,801 $-- $79,801 $-- 
Domestic Equity Funds 25,061,016 25,061,016 -- -- 
International Equity Funds 20,583,145 20,583,145 -- -- 
Bond Funds 129,454,728 129,454,728 -- -- 
Short-Term Funds 50,471,244 50,471,244 -- -- 
Total Investments in Securities: $225,649,934 $225,570,133 $79,801 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $4,557 $4,557 $-- $-- 
Total Assets $4,557 $4,557 $-- $-- 
Liabilities     
Futures Contracts $(33,657) $(33,657) $-- $-- 
Total Liabilities $(33,657) $(33,657) $-- $-- 
Total Derivative Instruments: $(29,100) $(29,100) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(33,657) 
Total Equity Risk (33,657) 
Interest Rate Risk   
Futures Contracts(a) 4,557 
Total Interest Rate Risk 4,557 
Total Value of Derivatives $4,557 $(33,657) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $79,798) 
$79,801  
Fidelity Central Funds (cost $344,055) 344,055  
Other affiliated issuers (cost $215,308,433) 225,226,078  
Total Investment in Securities (cost $215,732,286)  $225,649,934 
Cash  39,177 
Receivable for investments sold  650,980 
Receivable for fund shares sold  126,467 
Distributions receivable from Fidelity Central Funds  752 
Total assets  226,467,310 
Liabilities   
Payable for investments purchased $478,467  
Payable for fund shares redeemed 299,385  
Accrued management fee 85,110  
Distribution and service plan fees payable 39,035  
Payable for daily variation margin on futures contracts 12,337  
Total liabilities  914,334 
Net Assets  $225,552,976 
Net Assets consist of:   
Paid in capital  $214,075,649 
Total distributable earnings (loss)  11,477,327 
Net Assets  $225,552,976 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($69,817,049 ÷ 6,491,252 shares)  $10.76 
Maximum offering price per share (100/94.25 of $10.76)  $11.42 
Class M:   
Net Asset Value and redemption price per share ($38,059,126 ÷ 3,542,035 shares)  $10.74 
Maximum offering price per share (100/96.50 of $10.74)  $11.13 
Class C:   
Net Asset Value and offering price per share ($8,915,323 ÷ 831,256 shares)(a)  $10.73 
Class I:   
Net Asset Value, offering price and redemption price per share ($82,974,498 ÷ 7,688,793 shares)  $10.79 
Class Z:   
Net Asset Value, offering price and redemption price per share ($765,096 ÷ 70,931 shares)  $10.79 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($25,021,884 ÷ 2,321,436 shares)  $10.78 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $5,704,731 
Interest  1,433 
Income from Fidelity Central Funds  3,957 
Total income  5,710,121 
Expenses   
Management fee $1,020,726  
Distribution and service plan fees 490,109  
Independent trustees' fees and expenses 1,046  
Total expenses before reductions 1,511,881  
Expense reductions (170)  
Total expenses after reductions  1,511,711 
Net investment income (loss)  4,198,410 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 99  
Fidelity Central Funds (9)  
Other affiliated issuers 2,574,300  
Futures contracts 101,100  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,699,593  
Total net realized gain (loss)  6,375,083 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Affiliated issuers (3,668,479)  
Futures contracts (29,100)  
Total change in net unrealized appreciation (depreciation)  (3,697,575) 
Net gain (loss)  2,677,508 
Net increase (decrease) in net assets resulting from operations  $6,875,918 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,198,410 $3,029,100 
Net realized gain (loss) 6,375,083 6,815,367 
Change in net unrealized appreciation (depreciation) (3,697,575) (240,746) 
Net increase (decrease) in net assets resulting from operations 6,875,918 9,603,721 
Distributions to shareholders (11,867,536) – 
Distributions to shareholders from net investment income – (2,967,012) 
Distributions to shareholders from net realized gain – (5,087,952) 
Total distributions (11,867,536) (8,054,964) 
Share transactions - net increase (decrease) 17,057,074 (10,830,864) 
Total increase (decrease) in net assets 12,065,456 (9,282,107) 
Net Assets   
Beginning of period 213,487,520 222,769,627 
End of period $225,552,976 $213,487,520 
Other Information   
Undistributed net investment income end of period  $253,088 

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


Financial Highlights

Fidelity Advisor Freedom Income Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.01 $10.94 $10.64 $11.07 $11.20 
Income from Investment Operations      
Net investment income (loss)A .20 .15 .16 .18 .16 
Net realized and unrealized gain (loss) .12 .34 .44 (.25) .24 
Total from investment operations .32 .49 .60 (.07) .40 
Distributions from net investment income (.19) (.15) (.16)B (.18) (.17) 
Distributions from net realized gain (.38) (.26) (.14)B (.19) (.36) 
Total distributions (.57) (.42)C (.30) (.36)D (.53) 
Net asset value, end of period $10.76 $11.01 $10.94 $10.64 $11.07 
Total ReturnE,F 3.14% 4.47% 5.74% (.59)% 3.65% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .71%I .63% .25% .25% .25% 
Expenses net of fee waivers, if any .71%I .63% .25% .25% .25% 
Expenses net of all reductions .71%I .63% .25% .25% .25% 
Net investment income (loss) 1.84% 1.38% 1.47% 1.63% 1.48% 
Supplemental Data      
Net assets, end of period (000 omitted) $69,817 $76,141 $87,983 $99,211 $124,755 
Portfolio turnover rateH 36% 21% 38% 30% 38% 

 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 $.42 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.263 per share.

 D 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.

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

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


Fidelity Advisor Freedom Income Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.00 $10.93 $10.62 $11.06 $11.19 
Income from Investment Operations      
Net investment income (loss)A .17 .13 .13 .15 .14 
Net realized and unrealized gain (loss) .12 .33 .45 (.25) .23 
Total from investment operations .29 .46 .58 (.10) .37 
Distributions from net investment income (.17) (.13) (.13)B (.15) (.14) 
Distributions from net realized gain (.38) (.26) (.14)B (.19) (.36) 
Total distributions (.55) (.39) (.27) (.34) (.50) 
Net asset value, end of period $10.74 $11.00 $10.93 $10.62 $11.06 
Total ReturnC,D 2.78% 4.22% 5.56% (.93)% 3.39% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .96%G .89% .50% .50% .50% 
Expenses net of fee waivers, if any .96%G .89% .50% .50% .50% 
Expenses net of all reductions .96%G .89% .50% .50% .50% 
Net investment income (loss) 1.59% 1.13% 1.22% 1.38% 1.23% 
Supplemental Data      
Net assets, end of period (000 omitted) $38,059 $38,204 $38,513 $42,887 $47,804 
Portfolio turnover rateF 36% 21% 38% 30% 38% 

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

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


Fidelity Advisor Freedom Income Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $10.98 $10.91 $10.61 $11.04 $11.17 
Income from Investment Operations      
Net investment income (loss)A .12 .07 .08 .09 .08 
Net realized and unrealized gain (loss) .12 .33 .44 (.24) .24 
Total from investment operations .24 .40 .52 (.15) .32 
Distributions from net investment income (.11) (.07) (.08)B (.10) (.09) 
Distributions from net realized gain (.38) (.26) (.14)B (.19) (.36) 
Total distributions (.49) (.33) (.22) (.28)C (.45) 
Net asset value, end of period $10.73 $10.98 $10.91 $10.61 $11.04 
Total ReturnD,E 2.35% 3.69% 4.99% (1.35)% 2.90% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.46%H 1.39% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.46%H 1.39% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.46%H 1.39% 1.00% 1.00% 1.00% 
Net investment income (loss) 1.09% .63% .72% .88% .73% 
Supplemental Data      
Net assets, end of period (000 omitted) $8,915 $13,727 $14,434 $14,712 $15,780 
Portfolio turnover rateG 36% 21% 38% 30% 38% 

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

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


Fidelity Advisor Freedom Income Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.05 $10.98 $10.67 $11.10 $11.23 
Income from Investment Operations      
Net investment income (loss)A .23 .18 .19 .20 .19 
Net realized and unrealized gain (loss) .11 .33 .45 (.24) .24 
Total from investment operations .34 .51 .64 (.04) .43 
Distributions from net investment income (.22) (.18) (.19)B (.20) (.19) 
Distributions from net realized gain (.38) (.26) (.14)B (.19) (.36) 
Total distributions (.60) (.44) (.33) (.39) (.56)C 
Net asset value, end of period $10.79 $11.05 $10.98 $10.67 $11.10 
Total ReturnD 3.30% 4.70% 6.07% (.34)% 3.89% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .46%G .39% –%H –%H –%H 
Expenses net of fee waivers, if any .46%G .39% -% -% -% 
Expenses net of all reductions .46%G .39% -% -% -% 
Net investment income (loss) 2.09% 1.63% 1.72% 1.88% 1.73% 
Supplemental Data      
Net assets, end of period (000 omitted) $82,975 $83,723 $81,839 $83,497 $83,253 
Portfolio turnover rateF 36% 21% 38% 30% 38% 

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

 H Amount represents less than .005%.

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


Fidelity Advisor Freedom Income Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.91 
Income from Investment Operations  
Net investment income (loss)B .24 
Net realized and unrealized gain (loss) .01 
Total from investment operations .25 
Distributions from net investment income (.15) 
Distributions from net realized gain (.22) 
Total distributions (.37) 
Net asset value, end of period $10.79 
Total ReturnC,D 2.47% 
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) 4.60%G 
Supplemental Data  
Net assets, end of period (000 omitted) $765 
Portfolio turnover rateF 36% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 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 Income Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.04 $11.09 
Income from Investment Operations   
Net investment income (loss)B .23 .27 
Net realized and unrealized gain (loss) .13 .03 
Total from investment operations .36 .30 
Distributions from net investment income (.24) (.16) 
Distributions from net realized gain (.38) (.19) 
Total distributions (.62) (.35) 
Net asset value, end of period $10.78 $11.04 
Total ReturnC,D 3.48% 2.69% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .37% .37%G 
Expenses net of fee waivers, if any .37% .37%G 
Expenses net of all reductions .37% .37%G 
Net investment income (loss) 2.19% 2.92%G 
Supplemental Data   
Net assets, end of period (000 omitted) $25,022 $1,693 
Portfolio turnover rateF 36% 21% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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® 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 34.2 
Fidelity Series Government Money Market Fund 2.50% 14.9 
Fidelity Series Inflation-Protected Bond Index Fund 11.3 
Fidelity Series Long-Term Treasury Bond Index Fund 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.3 
Fidelity Series Short-Term Credit Fund 3.7 
Fidelity Series International Growth Fund 3.1 
Fidelity Series International Value Fund 3.0 
Fidelity Series Large Cap Stock Fund 3.0 
Fidelity Series Commodity Strategy Fund 2.3 
 84.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.6% 
   International Equity Funds 11.9% 
   Bond Funds 52.6% 
   Short-Term Funds 18.9% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2005 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.4% 4/4/19 to 5/30/19 (a)   
(Cost $99,828) 100,000 99,830 
 Shares Value 
Domestic Equity Funds - 16.6%   
Fidelity Advisor Series Equity Growth Fund (b) 206,088 $2,870,805 
Fidelity Advisor Series Growth Opportunities Fund (b) 134,276 1,941,632 
Fidelity Advisor Series Small Cap Fund (b) 125,584 1,316,124 
Fidelity Series All-Sector Equity Fund (b) 125,477 1,208,342 
Fidelity Series Commodity Strategy Fund (b) 791,908 3,777,399 
Fidelity Series Large Cap Stock Fund (b) 334,801 4,904,833 
Fidelity Series Large Cap Value Index Fund (b) 45,438 563,882 
Fidelity Series Opportunistic Insights Fund (b) 153,246 2,678,749 
Fidelity Series Small Cap Opportunities Fund (b) 125,609 1,690,691 
Fidelity Series Stock Selector Large Cap Value Fund (b) 273,194 3,223,692 
Fidelity Series Value Discovery Fund (b) 255,062 3,185,718 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $22,326,769)  27,361,867 
International Equity Funds - 11.9%   
Fidelity Series Canada Fund (b) 47,626 491,028 
Fidelity Series Emerging Markets Fund (b) 76,343 747,394 
Fidelity Series Emerging Markets Opportunities Fund (b) 376,624 6,978,846 
Fidelity Series International Growth Fund (b) 338,426 5,140,697 
Fidelity Series International Small Cap Fund (b) 78,175 1,214,064 
Fidelity Series International Value Fund (b) 534,033 4,966,505 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $15,129,637)  19,538,534 
Bond Funds - 52.6%   
Fidelity Series Emerging Markets Debt Fund (b) 135,195 1,296,523 
Fidelity Series Floating Rate High Income Fund (b) 30,339 281,244 
Fidelity Series High Income Fund (b) 151,308 1,422,298 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,895,741 18,540,350 
Fidelity Series International Credit Fund (b) 11,211 110,876 
Fidelity Series Investment Grade Bond Fund (b) 5,033,488 56,274,393 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 874,937 7,760,695 
Fidelity Series Real Estate Income Fund (b) 75,316 821,696 
TOTAL BOND FUNDS   
(Cost $84,893,620)  86,508,075 
Short-Term Funds - 18.9%   
Fidelity Cash Central Fund, 2.48% (c) 541,961 542,069 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 24,410,293 24,410,293 
Fidelity Series Short-Term Credit Fund (b) 606,401 6,045,818 
TOTAL SHORT-TERM FUNDS   
(Cost $30,983,673)  30,998,180 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $153,433,527)  164,506,486 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (103,843) 
NET ASSETS - 100%  $164,402,643 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $213,094 $928 $928 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 231,656 2,637 2,637 
CBOT 10-Year U.S. Treasury Note Contracts (United States) June 2019 124,219 2,310 2,310 
TOTAL PURCHASED     5,875 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 567,560 (17,179) (17,179) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2019 422,960 (7,889) (7,889) 
TOTAL SOLD     (25,068) 
TOTAL FUTURES CONTRACTS     $(19,193) 

The notional amount of futures purchased as a percentage of Net Assets is 0.3%

The notional amount of futures sold as a percentage of Net Assets is 0.6%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $99,830.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $4,451 
Total $4,451 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $4,047,155 $463,115 $1,851,434 $229,875 $400,326 $(188,357) $2,870,805 
Fidelity Advisor Series Equity Value Fund 4,664,011 288,144 1,141,903 127,066 217,350 (924,480) -- 
Fidelity Advisor Series Growth & Income Fund 7,130,190 795,871 1,935,101 545,543 186,602 (1,576,253) -- 
Fidelity Advisor Series Growth Opportunities Fund 2,658,831 515,964 1,662,540 362,521 501,313 (71,936) 1,941,632 
Fidelity Advisor Series Opportunistic Insights Fund 3,789,230 371,465 1,101,674 241,244 419,267 (1,614,751) -- 
Fidelity Advisor Series Small Cap Fund 2,027,176 243,033 812,165 128,499 107,966 (249,886) 1,316,124 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 4,707,725 482,249 1,160,459 322,638 216,415 (929,438) -- 
Fidelity Series 100 Index Fund 2,007,990 -- 2,088,591 -- 1,070,909 (990,308) -- 
Fidelity Series All-Sector Equity Fund 2,777,333 465,768 1,915,836 326,776 361,831 (480,754) 1,208,342 
Fidelity Series Canada Fund 653,217 79,782 251,001 11,919 (4,199) 13,229 491,028 
Fidelity Series Commodity Strategy Fund 4,089,262 1,487,154 1,313,254 255,517 (534,790) 49,027 3,777,399 
Fidelity Series Emerging Markets Debt Fund 1,503,577 154,781 285,487 84,232 (16,350) (59,998) 1,296,523 
Fidelity Series Emerging Markets Fund -- 877,709 131,031 3,198 (5,709) 6,425 747,394 
Fidelity Series Emerging Markets Opportunities Fund 7,766,630 2,180,430 1,802,427 589,533 14,849 (1,180,636) 6,978,846 
Fidelity Series Floating Rate High Income Fund 475,597 52,175 236,704 25,273 (14,153) 4,329 281,244 
Fidelity Series Government Money Market Fund 2.50% 35,857,816 6,521,511 17,969,034 615,231 -- -- 24,410,293 
Fidelity Series High Income Fund 2,929,758 303,899 1,775,811 152,414 (51,005) 15,457 1,422,298 
Fidelity Series Inflation-Protected Bond Index Fund 6,471,850 16,418,879 4,403,911 340,119 (110,304) 163,836 18,540,350 
Fidelity Series International Credit Fund 105,791 5,362 -- 5,362 -- (277) 110,876 
Fidelity Series International Growth Fund 6,768,564 1,467,550 2,749,453 365,818 484,115 (830,079) 5,140,697 
Fidelity Series International Small Cap Fund 1,676,957 391,340 624,538 115,621 133,376 (363,071) 1,214,064 
Fidelity Series International Value Fund 6,654,429 1,156,312 2,117,422 199,342 92,366 (819,180) 4,966,505 
Fidelity Series Investment Grade Bond Fund 67,757,886 6,180,988 18,298,115 2,009,308 (391,383) 1,025,017 56,274,393 
Fidelity Series Large Cap Stock Fund -- 389,643 1,155,419 226,464 63,422 1,005,878 4,904,833 
Fidelity Series Large Cap Value Index Fund 789,577 73,158 310,397 28,372 51,145 (39,601) 563,882 
Fidelity Series Long-Term Treasury Bond Index Fund 4,133,151 6,302,964 2,981,348 197,849 (107,894) 413,822 7,760,695 
Fidelity Series Opportunistic Insights Fund -- 341,748 581,149 243,155 (18,220) 1,072,833 2,678,749 
Fidelity Series Real Estate Equity Fund 486,818 4,826 508,792 4,181 91,368 (74,220) -- 
Fidelity Series Real Estate Income Fund 922,555 120,537 234,103 65,288 6,210 6,497 821,696 
Fidelity Series Short-Term Credit Fund 8,765,987 669,744 3,455,597 189,758 (35,838) 101,522 6,045,818 
Fidelity Series Small Cap Opportunities Fund 2,472,892 367,500 1,071,994 225,845 305,512 (383,219) 1,690,691 
Fidelity Series Stock Selector Large Cap Value Fund -- 417,745 778,262 308,665 (15,364) 283,081 3,223,692 
Fidelity Series Value Discovery Fund -- 323,360 736,998 218,459 32,855 463,379 3,185,718 
 $194,091,955 $49,914,706 $77,441,950 $8,765,085 $3,451,988 $(6,152,112) $163,864,587 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $99,830 $-- $99,830 $-- 
Domestic Equity Funds 27,361,867 27,361,867 -- -- 
International Equity Funds 19,538,534 19,538,534 -- -- 
Bond Funds 86,508,075 86,508,075 -- -- 
Short-Term Funds 30,998,180 30,998,180 -- -- 
Total Investments in Securities: $164,506,486 $164,406,656 $99,830 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $5,875 $5,875 $-- $-- 
Total Assets $5,875 $5,875 $-- $-- 
Liabilities     
Futures Contracts $(25,068) $(25,068) $-- $-- 
Total Liabilities $(25,068) $(25,068) $-- $-- 
Total Derivative Instruments: $(19,193) $(19,193) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(25,068) 
Total Equity Risk (25,068) 
Interest Rate Risk   
Futures Contracts(a) 5,875 
Total Interest Rate Risk 5,875 
Total Value of Derivatives $5,875 $(25,068) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $99,828) 
$99,830  
Fidelity Central Funds (cost $542,069) 542,069  
Other affiliated issuers (cost $152,791,630) 163,864,587  
Total Investment in Securities (cost $153,433,527)  $164,506,486 
Cash  5,604 
Receivable for investments sold  1,064,854 
Receivable for fund shares sold  104,621 
Distributions receivable from Fidelity Central Funds  1,060 
Total assets  165,682,625 
Liabilities   
Payable for investments purchased $1,108,160  
Payable for fund shares redeemed 61,134  
Accrued management fee 65,457  
Distribution and service plan fees payable 30,576  
Payable for daily variation margin on futures contracts 14,655  
Total liabilities  1,279,982 
Net Assets  $164,402,643 
Net Assets consist of:   
Paid in capital  $151,037,513 
Total distributable earnings (loss)  13,365,130 
Net Assets  $164,402,643 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($86,981,131 ÷ 7,656,152 shares)  $11.36 
Maximum offering price per share (100/94.25 of $11.36)  $12.05 
Class M:   
Net Asset Value and redemption price per share ($24,131,667 ÷ 2,126,980 shares)  $11.35 
Maximum offering price per share (100/96.50 of $11.35)  $11.76 
Class C:   
Net Asset Value and offering price per share ($2,301,851 ÷ 202,722 shares)(a)  $11.35 
Class I:   
Net Asset Value, offering price and redemption price per share ($49,013,206 ÷ 4,282,200 shares)  $11.45 
Class Z:   
Net Asset Value, offering price and redemption price per share ($125,842 ÷ 11,029 shares)  $11.41 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,848,946 ÷ 161,888 shares)  $11.42 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $4,563,680 
Interest  1,370 
Income from Fidelity Central Funds  4,451 
Total income  4,569,501 
Expenses   
Management fee $865,687  
Distribution and service plan fees 404,414  
Independent trustees' fees and expenses 869  
Total expenses before reductions 1,270,970  
Expense reductions (150)  
Total expenses after reductions  1,270,820 
Net investment income (loss)  3,298,681 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 148  
Fidelity Central Funds (10)  
Other affiliated issuers 3,451,988  
Futures contracts 129,290  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,201,405  
Total net realized gain (loss)  7,782,821 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Affiliated issuers (6,152,112)  
Futures contracts (19,193)  
Total change in net unrealized appreciation (depreciation)  (6,171,302) 
Net gain (loss)  1,611,519 
Net increase (decrease) in net assets resulting from operations  $4,910,200 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,298,681 $2,777,359 
Net realized gain (loss) 7,782,821 9,885,530 
Change in net unrealized appreciation (depreciation) (6,171,302) (528,591) 
Net increase (decrease) in net assets resulting from operations 4,910,200 12,134,298 
Distributions to shareholders (13,484,722) – 
Distributions to shareholders from net investment income – (2,811,909) 
Distributions to shareholders from net realized gain – (7,338,936) 
Total distributions (13,484,722) (10,150,845) 
Share transactions - net increase (decrease) (21,054,341) (18,509,645) 
Total increase (decrease) in net assets (29,628,863) (16,526,192) 
Net Assets   
Beginning of period 194,031,506 210,557,698 
End of period $164,402,643 $194,031,506 
Other Information   
Undistributed net investment income end of period  $383,515 

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


Financial Highlights

Fidelity Advisor Freedom 2005 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.92 $11.84 $11.44 $12.10 $12.17 
Income from Investment Operations      
Net investment income (loss)A .21 .16 .17 .19 .19 
Net realized and unrealized gain (loss) .14 .53 .67 (.34) .36 
Total from investment operations .35 .69 .84 (.15) .55 
Distributions from net investment income (.22) (.17) (.19)B (.20) (.19) 
Distributions from net realized gain (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.91)C (.61) (.44) (.51)D (.62)E 
Net asset value, end of period $11.36 $11.92 $11.84 $11.44 $12.10 
Total ReturnF,G 3.24% 5.87% 7.55% (1.23)% 4.60% 
Ratios to Average Net AssetsH,I      
Expenses before reductions .73% .66% .25% .25% .25% 
Expenses net of fee waivers, if any .73% .66% .25% .25% .25% 
Expenses net of all reductions .73% .66% .25% .25% .25% 
Net investment income (loss) 1.80% 1.34% 1.46% 1.62% 1.54% 
Supplemental Data      
Net assets, end of period (000 omitted) $86,981 $101,642 $118,902 $134,262 $162,069 
Portfolio turnover rateI 28% 20% 32% 30% 29% 

 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 $.91 per share is comprised of distributions from net investment income of $.222 and distributions from net realized gain of $.683 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 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.

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


Fidelity Advisor Freedom 2005 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.91 $11.83 $11.43 $12.09 $12.16 
Income from Investment Operations      
Net investment income (loss)A .18 .13 .14 .16 .16 
Net realized and unrealized gain (loss) .14 .53 .67 (.33) .35 
Total from investment operations .32 .66 .81 (.17) .51 
Distributions from net investment income (.19) (.14) (.16)B (.17) (.16) 
Distributions from net realized gain (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.88)C (.58) (.41) (.49) (.58) 
Net asset value, end of period $11.35 $11.91 $11.83 $11.43 $12.09 
Total ReturnD,E 2.98% 5.64% 7.29% (1.45)% 4.33% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .98% .91% .50% .50% .50% 
Expenses net of fee waivers, if any .98% .91% .50% .50% .50% 
Expenses net of all reductions .98% .91% .50% .50% .50% 
Net investment income (loss) 1.55% 1.08% 1.21% 1.37% 1.29% 
Supplemental Data      
Net assets, end of period (000 omitted) $24,132 $25,730 $27,091 $29,347 $29,246 
Portfolio turnover rateG 28% 20% 32% 30% 29% 

 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 $.88 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.683 per share.

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

 E Total returns do not include the effect of the 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.

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


Fidelity Advisor Freedom 2005 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.91 $11.81 $11.41 $12.06 $12.14 
Income from Investment Operations      
Net investment income (loss)A .12 .07 .08 .10 .10 
Net realized and unrealized gain (loss) .13 .54 .67 (.33) .34 
Total from investment operations .25 .61 .75 (.23) .44 
Distributions from net investment income (.12) (.07) (.10)B (.10) (.10) 
Distributions from net realized gain (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.81)C (.51) (.35) (.42) (.52) 
Net asset value, end of period $11.35 $11.91 $11.81 $11.41 $12.06 
Total ReturnD,E 2.35% 5.21% 6.75% (1.98)% 3.73% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.48% 1.41% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.48% 1.41% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.48% 1.41% 1.00% 1.00% 1.00% 
Net investment income (loss) 1.05% .58% .71% .87% .79% 
Supplemental Data      
Net assets, end of period (000 omitted) $2,302 $5,867 $5,623 $6,200 $7,410 
Portfolio turnover rateG 28% 20% 32% 30% 29% 

 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 $.81 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.683 per share.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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


Fidelity Advisor Freedom 2005 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.00 $11.92 $11.51 $12.18 $12.25 
Income from Investment Operations      
Net investment income (loss)A .24 .19 .20 .22 .22 
Net realized and unrealized gain (loss) .14 .54 .68 (.34) .36 
Total from investment operations .38 .73 .88 (.12) .58 
Distributions from net investment income (.25) (.20) (.22)B (.23) (.23) 
Distributions from net realized gain (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.93) (.65)C (.47) (.55) (.65) 
Net asset value, end of period $11.45 $12.00 $11.92 $11.51 $12.18 
Total ReturnD 3.53% 6.13% 7.87% (1.04)% 4.85% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .48% .41% –%G –%G –%G 
Expenses net of fee waivers, if any .48% .41% -% -% -% 
Expenses net of all reductions .48% .41% -% -% -% 
Net investment income (loss) 2.05% 1.58% 1.71% 1.87% 1.79% 
Supplemental Data      
Net assets, end of period (000 omitted) $49,013 $59,386 $58,940 $61,440 $66,255 
Portfolio turnover rateF 28% 20% 32% 30% 29% 

 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 $.65 per share is comprised of distributions from net investment income of $.203 and distributions from net realized gain of $.443 per share.

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2005 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $11.84 
Income from Investment Operations  
Net investment income (loss)B .20 
Net realized and unrealized gain (loss) .01 
Total from investment operations .21 
Distributions from net investment income (.26) 
Distributions from net realized gain (.39) 
Total distributions (.64)C 
Net asset value, end of period $11.41 
Total ReturnD,E 2.09% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .43%H 
Expenses net of fee waivers, if any .43%H 
Expenses net of all reductions .43%H 
Net investment income (loss) 3.58%H 
Supplemental Data  
Net assets, end of period (000 omitted) $126 
Portfolio turnover rateG 28% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.64 per share is comprised of distributions from net investment income of $.256 and distributions from net realized gain of $.385 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 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 2005 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.00 $12.04 
Income from Investment Operations   
Net investment income (loss)B .25 .13 
Net realized and unrealized gain (loss) .13 .33 
Total from investment operations .38 .46 
Distributions from net investment income (.28) (.19) 
Distributions from net realized gain (.68) (.31) 
Total distributions (.96) (.50) 
Net asset value, end of period $11.42 $12.00 
Total ReturnC,D 3.53% 3.78% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .37% .39%G,H 
Expenses net of fee waivers, if any .37% .39%G,H 
Expenses net of all reductions .37% .39%G,H 
Net investment income (loss) 2.16% 1.30%G 
Supplemental Data   
Net assets, end of period (000 omitted) $1,849 $1,408 
Portfolio turnover rateF 28% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 30.5 
Fidelity Series Government Money Market Fund 2.50% 11.7 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Emerging Markets Opportunities Fund 5.2 
Fidelity Series Long-Term Treasury Bond Index Fund 4.9 
Fidelity Series Large Cap Stock Fund 4.3 
Fidelity Series International Growth Fund 4.0 
Fidelity Series International Value Fund 3.9 
Fidelity Series Short-Term Credit Fund 2.9 
Fidelity Series Stock Selector Large Cap Value Fund 2.8 
 79.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 15.0% 
   Bond Funds 47.0% 
   Short-Term Funds 14.9% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2010 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.4% 4/4/19 to 6/27/19 (a)   
(Cost $289,465) 290,000 289,472 
 Shares Value 
Domestic Equity Funds - 23.1%   
Fidelity Advisor Series Equity Growth Fund (b) 760,200 $10,589,589 
Fidelity Advisor Series Growth Opportunities Fund (b) 492,327 7,119,050 
Fidelity Advisor Series Small Cap Fund (b) 459,076 4,811,119 
Fidelity Series All-Sector Equity Fund (b) 503,801 4,851,607 
Fidelity Series Commodity Strategy Fund (b) 2,029,112 9,678,863 
Fidelity Series Large Cap Stock Fund (b) 1,241,392 18,186,395 
Fidelity Series Large Cap Value Index Fund (b) 164,183 2,037,509 
Fidelity Series Opportunistic Insights Fund (b) 564,876 9,874,029 
Fidelity Series Small Cap Opportunities Fund (b) 458,453 6,170,773 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,009,182 11,908,348 
Fidelity Series Value Discovery Fund (b) 942,103 11,766,870 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $79,496,625)  96,994,152 
International Equity Funds - 15.0%   
Fidelity Series Canada Fund (b) 168,267 1,734,835 
Fidelity Series Emerging Markets Fund (b) 235,788 2,308,362 
Fidelity Series Emerging Markets Opportunities Fund (b) 1,173,467 21,744,347 
Fidelity Series International Growth Fund (b) 1,113,255 16,910,342 
Fidelity Series International Small Cap Fund (b) 253,952 3,943,868 
Fidelity Series International Value Fund (b) 1,746,865 16,245,843 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $50,199,451)  62,887,597 
Bond Funds - 47.0%   
Fidelity Series Emerging Markets Debt Fund (b) 338,392 3,245,175 
Fidelity Series Floating Rate High Income Fund (b) 77,461 718,068 
Fidelity Series High Income Fund (b) 391,018 3,675,571 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,946,610 38,597,841 
Fidelity Series International Credit Fund (b) 26,943 266,462 
Fidelity Series Investment Grade Bond Fund (b) 11,459,793 128,120,489 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,327,545 20,645,323 
Fidelity Series Real Estate Income Fund (b) 191,620 2,090,573 
TOTAL BOND FUNDS   
(Cost $193,168,484)  197,359,502 
Short-Term Funds - 14.9%   
Fidelity Cash Central Fund, 2.48% (c) 1,345,363 1,345,632 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 49,067,687 49,067,687 
Fidelity Series Short-Term Credit Fund (b) 1,218,631 12,149,751 
TOTAL SHORT-TERM FUNDS   
(Cost $62,546,163)  62,563,070 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $385,700,188)  420,093,793 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (297,641) 
NET ASSETS - 100%  $419,796,152 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $426,188 $1,857 $1,857 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 579,141 6,592 6,592 
CBOT 10-Year U.S. Treasury Note Contracts (United States) June 2019 496,875  9,241 9,241 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 149,656 5,248 5,248 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 168,000 8,361 8,361 
TOTAL PURCHASED     31,299 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 10 June 2019 1,418,900 (42,947) (42,947) 
ICE E-mini MSCI EAFE Index Contracts (United States) June 2019 279,960 (5,917) (5,917) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 26 June 2019 1,374,620 (25,631) (25,631) 
TOTAL SOLD     (74,495) 
TOTAL FUTURES CONTRACTS     $(43,196) 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.7%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $289,472.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $11,446 
Total $11,446 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $13,023,682 $1,204,593 $4,322,035 $836,873 $907,666 $(224,317) $10,589,589 
Fidelity Advisor Series Equity Value Fund 15,002,185 588,925 2,706,061 429,392 527,009 (2,940,962) -- 
Fidelity Advisor Series Growth & Income Fund 22,959,845 2,050,281 4,728,607 1,821,607 237,531 (5,119,432) -- 
Fidelity Advisor Series Growth Opportunities Fund 8,558,055 1,560,939 4,386,780 1,317,894 1,370,204 16,632 7,119,050 
Fidelity Advisor Series Opportunistic Insights Fund 12,165,303 935,874 2,712,466 815,065 1,050,228 (5,161,232) -- 
Fidelity Advisor Series Small Cap Fund 6,526,055 649,456 1,873,098 470,423 266,068 (757,362) 4,811,119 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 15,144,178 1,233,923 2,700,278 1,088,543 548,007 (2,987,555) -- 
Fidelity Series 100 Index Fund 6,480,007 -- 6,717,475 -- 2,651,504 (2,414,036) -- 
Fidelity Series All-Sector Equity Fund 8,936,502 1,759,721 5,314,592 1,231,845 1,016,500 (1,546,524) 4,851,607 
Fidelity Series Canada Fund 1,983,826 263,185 554,621 39,319 534 41,911 1,734,835 
Fidelity Series Commodity Strategy Fund 10,008,890 3,513,172 2,674,440 611,522 (1,204,304) 35,545 9,678,863 
Fidelity Series Emerging Markets Debt Fund 3,656,577 288,780 520,847 204,881 (21,156) (158,179) 3,245,175 
Fidelity Series Emerging Markets Fund -- 2,507,048 226,903 9,385 (4,579) 32,796 2,308,362 
Fidelity Series Emerging Markets Opportunities Fund 23,275,501 6,007,174 4,199,167 1,742,494 113,909 (3,453,070) 21,744,347 
Fidelity Series Floating Rate High Income Fund 1,152,519 89,914 501,583 61,620 (28,662) 5,880 718,068 
Fidelity Series Government Money Market Fund 2.50% 68,838,813 11,046,513 30,817,639 1,195,034 -- -- 49,067,687 
Fidelity Series High Income Fund 7,117,769 551,261 3,917,717 375,068 (212,876) 137,134 3,675,571 
Fidelity Series Inflation-Protected Bond Index Fund 12,966,248 31,571,257 6,075,771 705,163 (177,199) 313,306 38,597,841 
Fidelity Series International Credit Fund 254,240 12,887 -- 12,886 -- (665) 266,462 
Fidelity Series International Growth Fund 20,582,564 3,680,229 6,417,944 1,127,984 1,348,172 (2,282,679) 16,910,342 
Fidelity Series International Small Cap Fund 5,097,991 997,629 1,452,128 365,059 335,586 (1,035,210) 3,943,868 
Fidelity Series International Value Fund 20,222,495 2,604,810 4,413,432 616,140 312,357 (2,480,387) 16,245,843 
Fidelity Series Investment Grade Bond Fund 150,574,589 9,785,812 33,824,628 4,433,433 (825,780) 2,410,496 128,120,489 
Fidelity Series Large Cap Stock Fund -- 1,193,823 2,237,698 777,541 (1,951) 3,832,603 18,186,395 
Fidelity Series Large Cap Value Index Fund 2,542,533 169,184 715,167 97,979 126,369 (85,410) 2,037,509 
Fidelity Series Long-Term Treasury Bond Index Fund 10,266,228 14,712,751 5,161,638 514,366 (162,338) 990,320 20,645,323 
Fidelity Series Opportunistic Insights Fund -- 1,201,695 1,238,681 848,350 (91,207) 3,724,515 9,874,029 
Fidelity Series Real Estate Equity Fund 1,572,454 13,344 1,630,379 11,220 280,305 (235,724) -- 
Fidelity Series Real Estate Income Fund 2,235,813 223,650 407,425 157,900 14,425 24,110 2,090,573 
Fidelity Series Short-Term Credit Fund 16,750,769 811,962 5,546,656 365,918 (61,677) 195,353 12,149,751 
Fidelity Series Small Cap Opportunities Fund 7,960,899 989,264 2,519,957 766,976 634,673 (894,106) 6,170,773 
Fidelity Series Stock Selector Large Cap Value Fund -- 1,339,818 1,612,623 1,065,774 (75,721) 1,018,599 11,908,348 
Fidelity Series Value Discovery Fund -- 1,017,878 1,434,982 750,498 15,549 1,697,329 11,766,870 
 $475,856,530 $104,576,752 $153,563,418 $24,868,152 $8,889,146 $(17,300,321) $418,458,689 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $289,472 $-- $289,472 $-- 
Domestic Equity Funds 96,994,152 96,994,152 -- -- 
International Equity Funds 62,887,597 62,887,597 -- -- 
Bond Funds 197,359,502 197,359,502 -- -- 
Short-Term Funds 62,563,070 62,563,070 -- -- 
Total Investments in Securities: $420,093,793 $419,804,321 $289,472 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $31,299 $31,299 $-- $-- 
Total Assets $31,299 $31,299 $-- $-- 
Liabilities     
Futures Contracts $(74,495) $(74,495) $-- $-- 
Total Liabilities $(74,495) $(74,495) $-- $-- 
Total Derivative Instruments: $(43,196) $(43,196) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(74,495) 
Total Equity Risk (74,495) 
Interest Rate Risk   
Futures Contracts(a) 31,299 
Total Interest Rate Risk 31,299 
Total Value of Derivatives $31,299 $(74,495) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $289,465) 
$289,472  
Fidelity Central Funds (cost $1,345,632) 1,345,632  
Other affiliated issuers (cost $384,065,091) 418,458,689  
Total Investment in Securities (cost $385,700,188)  $420,093,793 
Cash  14,912 
Receivable for investments sold  3,114,671 
Receivable for fund shares sold  276,567 
Distributions receivable from Fidelity Central Funds  2,706 
Total assets  423,502,649 
Liabilities   
Payable for investments purchased $2,271,555  
Payable for fund shares redeemed 1,125,230  
Accrued management fee 182,253  
Distribution and service plan fees payable 83,778  
Payable for daily variation margin on futures contracts 43,681  
Total liabilities  3,706,497 
Net Assets  $419,796,152 
Net Assets consist of:   
Paid in capital  $377,210,976 
Total distributable earnings (loss)  42,585,176 
Net Assets  $419,796,152 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($198,632,972 ÷ 16,863,186 shares)  $11.78 
Maximum offering price per share (100/94.25 of $11.78)  $12.50 
Class M:   
Net Asset Value and redemption price per share ($71,678,766 ÷ 6,112,812 shares)  $11.73 
Maximum offering price per share (100/96.50 of $11.73)  $12.16 
Class C:   
Net Asset Value and offering price per share ($10,765,081 ÷ 922,876 shares)(a)  $11.66 
Class I:   
Net Asset Value, offering price and redemption price per share ($131,896,459 ÷ 11,154,996 shares)  $11.82 
Class Z:   
Net Asset Value, offering price and redemption price per share ($257,144 ÷ 21,820 shares)  $11.78 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($6,565,730 ÷ 556,108 shares)  $11.81 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $11,176,904 
Interest  3,852 
Income from Fidelity Central Funds  11,446 
Total income  11,192,202 
Expenses   
Management fee $2,312,077  
Distribution and service plan fees 1,105,228  
Independent trustees' fees and expenses 2,125  
Total expenses before reductions 3,419,430  
Expense reductions (237)  
Total expenses after reductions  3,419,193 
Net investment income (loss)  7,773,009 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 471  
Fidelity Central Funds (24)  
Other affiliated issuers 8,889,146  
Futures contracts 404,436  
Capital gain distributions from underlying funds:   
Affiliated issuers 13,691,248  
Total net realized gain (loss)  22,985,277 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 10  
Affiliated issuers (17,300,321)  
Futures contracts (43,196)  
Total change in net unrealized appreciation (depreciation)  (17,343,507) 
Net gain (loss)  5,641,770 
Net increase (decrease) in net assets resulting from operations  $13,414,779 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,773,009 $6,311,536 
Net realized gain (loss) 22,985,277 29,999,898 
Change in net unrealized appreciation (depreciation) (17,343,507) (1,539,645) 
Net increase (decrease) in net assets resulting from operations 13,414,779 34,771,789 
Distributions to shareholders (36,141,003) – 
Distributions to shareholders from net investment income – (6,662,107) 
Distributions to shareholders from net realized gain – (24,206,337) 
Total distributions (36,141,003) (30,868,444) 
Share transactions - net increase (decrease) (33,088,521) (36,175,930) 
Total increase (decrease) in net assets (55,814,745) (32,272,585) 
Net Assets   
Beginning of period 475,610,897 507,883,482 
End of period $419,796,152 $475,610,897 
Other Information   
Undistributed net investment income end of period  $640,647 

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


Financial Highlights

Fidelity Advisor Freedom 2010 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.42 $12.34 $11.87 $12.72 $12.91 
Income from Investment Operations      
Net investment income (loss)A .21 .16 .18 .20 .20 
Net realized and unrealized gain (loss) .15 .72 .84 (.41) .44 
Total from investment operations .36 .88 1.02 (.21) .64 
Distributions from net investment income (.21) (.17) (.19) (.21) (.22) 
Distributions from net realized gain (.79) (.62) (.36) (.44) (.61) 
Total distributions (1.00) (.80)B (.55) (.64)C (.83) 
Net asset value, end of period $11.78 $12.42 $12.34 $11.87 $12.72 
Total ReturnD,E 3.28% 7.18% 8.87% (1.67)% 5.08% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .77%H .69% .25% .25% .25% 
Expenses net of fee waivers, if any .77%H .69% .25% .25% .25% 
Expenses net of all reductions .77%H .69% .25% .25% .25% 
Net investment income (loss) 1.75% 1.29% 1.45% 1.63% 1.55% 
Supplemental Data      
Net assets, end of period (000 omitted) $198,633 $230,553 $263,496 $328,232 $431,498 
Portfolio turnover rateG 24% 20% 26% 21% 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 $.173 and distributions from net realized gain of $.624 per share.

 C 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.

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

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


Fidelity Advisor Freedom 2010 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.37 $12.30 $11.83 $12.68 $12.87 
Income from Investment Operations      
Net investment income (loss)A .18 .13 .14 .17 .17 
Net realized and unrealized gain (loss) .15 .71 .85 (.41) .43 
Total from investment operations .33 .84 .99 (.24) .60 
Distributions from net investment income (.18) (.15) (.16) (.18) (.18) 
Distributions from net realized gain (.79) (.62) (.36) (.44) (.61) 
Total distributions (.97) (.77) (.52) (.61)B (.79) 
Net asset value, end of period $11.73 $12.37 $12.30 $11.83 $12.68 
Total ReturnC,D 3.06% 6.89% 8.63% (1.92)% 4.81% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.02%G .94% .50% .50% .50% 
Expenses net of fee waivers, if any 1.02%G .94% .50% .50% .50% 
Expenses net of all reductions 1.02%G .94% .50% .50% .50% 
Net investment income (loss) 1.50% 1.03% 1.20% 1.38% 1.30% 
Supplemental Data      
Net assets, end of period (000 omitted) $71,679 $77,068 $83,881 $92,543 $106,189 
Portfolio turnover rateF 24% 20% 26% 21% 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 $.176 and distributions from net realized gain of $.437 per share.

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

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


Fidelity Advisor Freedom 2010 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.29 $12.22 $11.76 $12.60 $12.79 
Income from Investment Operations      
Net investment income (loss)A .12 .07 .08 .11 .10 
Net realized and unrealized gain (loss) .14 .70 .84 (.40) .44 
Total from investment operations .26 .77 .92 (.29) .54 
Distributions from net investment income (.11) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.78) (.62) (.36) (.44) (.61) 
Total distributions (.89) (.70) (.46) (.55) (.73) 
Net asset value, end of period $11.66 $12.29 $12.22 $11.76 $12.60 
Total ReturnB,C 2.45% 6.37% 8.07% (2.39)% 4.33% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.52%F 1.44% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.52%F 1.44% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.52%F 1.44% 1.00% 1.00% 1.00% 
Net investment income (loss) 1.00% .54% .70% .88% .80% 
Supplemental Data      
Net assets, end of period (000 omitted) $10,765 $26,227 $29,290 $30,150 $34,839 
Portfolio turnover rateE 24% 20% 26% 21% 22% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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

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


Fidelity Advisor Freedom 2010 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.47 $12.40 $11.92 $12.77 $12.96 
Income from Investment Operations      
Net investment income (loss)A .24 .19 .21 .23 .23 
Net realized and unrealized gain (loss) .14 .72 .85 (.40) .44 
Total from investment operations .38 .91 1.06 (.17) .67 
Distributions from net investment income (.25) (.21) (.22) (.24) (.25) 
Distributions from net realized gain (.79) (.62) (.36) (.44) (.61) 
Total distributions (1.03)B (.84)C (.58) (.68) (.86) 
Net asset value, end of period $11.82 $12.47 $12.40 $11.92 $12.77 
Total ReturnD 3.50% 7.39% 9.22% (1.40)% 5.34% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .52%G .45% –%H –%H –%H 
Expenses net of fee waivers, if any .52%G .45% -% -% -% 
Expenses net of all reductions .52%G .45% -% -% -% 
Net investment income (loss) 2.00% 1.53% 1.70% 1.88% 1.80% 
Supplemental Data      
Net assets, end of period (000 omitted) $131,896 $137,019 $131,216 $143,715 $158,071 
Portfolio turnover rateF 24% 20% 26% 21% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.03 per share is comprised of distributions from net investment income of $.245 and distributions from net realized gain of $.788 per share.

 C Total distributions of $.84 per share is comprised of distributions from net investment income of $.212 and distributions from net realized gain of $.624 per share.

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

 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 Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.30 
Income from Investment Operations  
Net investment income (loss)B .27 
Net realized and unrealized gain (loss) (.11)C 
Total from investment operations .16 
Distributions from net investment income (.26) 
Distributions from net realized gain (.42) 
Total distributions (.68) 
Net asset value, end of period $11.78 
Total ReturnD,E 1.65% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .47%H,I 
Expenses net of fee waivers, if any .47%H,I 
Expenses net of all reductions .47%H,I 
Net investment income (loss) 4.58%H 
Supplemental Data  
Net assets, end of period (000 omitted) $257 
Portfolio turnover rateG 24% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2010 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.47 $12.50 
Income from Investment Operations   
Net investment income (loss)B .25 .05 
Net realized and unrealized gain (loss) .15 .53 
Total from investment operations .40 .58 
Distributions from net investment income (.27) (.20) 
Distributions from net realized gain (.79) (.42) 
Total distributions (1.06) (.61)C 
Net asset value, end of period $11.81 $12.47 
Total ReturnD,E 3.66% 4.62% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .39% .41%H,I 
Expenses net of fee waivers, if any .39% .41%H,I 
Expenses net of all reductions .39% .41%H,I 
Net investment income (loss) 2.13% .45%H 
Supplemental Data   
Net assets, end of period (000 omitted) $6,566 $4,744 
Portfolio turnover rateG 24% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.61 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.416 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 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® 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 26.7 
Fidelity Series Government Money Market Fund 2.50% 8.9 
Fidelity Series Inflation-Protected Bond Index Fund 7.1 
Fidelity Series Emerging Markets Opportunities Fund 5.9 
Fidelity Series Large Cap Stock Fund 5.7 
Fidelity Series Long-Term Treasury Bond Index Fund 5.0 
Fidelity Series International Growth Fund 4.9 
Fidelity Series International Value Fund 4.7 
Fidelity Series Stock Selector Large Cap Value Fund 3.7 
Fidelity Series Value Discovery Fund 3.7 
 76.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.6% 
   International Equity Funds 17.8% 
   Bond Funds 41.2% 
   Short-Term Funds 11.4% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2015 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $718,413) 720,000 718,435 
 Shares Value 
Domestic Equity Funds - 29.6%   
Fidelity Advisor Series Equity Growth Fund (b) 2,336,452 $32,546,778 
Fidelity Advisor Series Growth Opportunities Fund (b) 1,510,990 21,848,910 
Fidelity Advisor Series Small Cap Fund (b) 1,405,570 14,730,372 
Fidelity Series All-Sector Equity Fund (b) 1,499,443 14,439,639 
Fidelity Series Commodity Strategy Fund (b) 4,760,981 22,709,877 
Fidelity Series Large Cap Stock Fund (b) 3,819,861 55,960,959 
Fidelity Series Large Cap Value Index Fund (b) 509,366 6,321,235 
Fidelity Series Opportunistic Insights Fund (b) 1,735,825 30,342,218 
Fidelity Series Small Cap Opportunities Fund (b) 1,401,041 18,858,008 
Fidelity Series Stock Selector Large Cap Value Fund (b) 3,102,713 36,612,014 
Fidelity Series Value Discovery Fund (b) 2,896,433 36,176,450 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $235,359,306)  290,546,460 
International Equity Funds - 17.8%   
Fidelity Series Canada Fund (b) 490,898 5,061,159 
Fidelity Series Emerging Markets Fund (b) 625,391 6,122,573 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,106,356 57,560,785 
Fidelity Series International Growth Fund (b) 3,187,429 48,417,041 
Fidelity Series International Small Cap Fund (b) 727,030 11,290,776 
Fidelity Series International Value Fund (b) 4,979,969 46,313,712 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $136,393,610)  174,766,046 
Bond Funds - 41.2%   
Fidelity Series Emerging Markets Debt Fund (b) 766,528 7,351,000 
Fidelity Series Floating Rate High Income Fund (b) 167,380 1,551,611 
Fidelity Series High Income Fund (b) 920,822 8,655,724 
Fidelity Series Inflation-Protected Bond Index Fund (b) 7,182,887 70,248,640 
Fidelity Series International Credit Fund (b) 64,128 634,225 
Fidelity Series Investment Grade Bond Fund (b) 23,466,558 262,356,116 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,555,315 49,275,645 
Fidelity Series Real Estate Income Fund (b) 446,702 4,873,522 
TOTAL BOND FUNDS   
(Cost $395,611,594)  404,946,483 
Short-Term Funds - 11.4%   
Fidelity Cash Central Fund, 2.48% (c) 3,309,927 3,310,589 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 87,309,321 87,309,321 
Fidelity Series Short-Term Credit Fund (b) 2,175,246 21,687,199 
TOTAL SHORT-TERM FUNDS   
(Cost $112,299,718)  112,307,109 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $880,382,641)  983,284,533 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (757,273) 
NET ASSETS - 100%  $982,527,260 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $1,278,563 $5,570 $5,570 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 13 June 2019 1,505,766 17,138 17,138 
CBOT 10-Year U.S. Treasury Note Contracts (United States) 10 June 2019 1,242,188  23,104 23,104 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 448,969 15,744 15,744 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 504,000 25,083 25,083 
TOTAL PURCHASED     86,639 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 26 June 2019 3,689,140 (111,663) (111,663) 
ICE E-mini MSCI EAFE Index Contracts (United States) 10 June 2019 933,200 (19,723) (19,723) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 62 June 2019 3,277,940 (61,119) (61,119) 
TOTAL SOLD     (192,505) 
TOTAL FUTURES CONTRACTS     $(105,866) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.8%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $718,435.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $25,546 
Total $25,546 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $37,891,446 $3,147,561 $10,392,710 $2,555,835 $2,090,804 $(190,323) $32,546,778 
Fidelity Advisor Series Equity Value Fund 43,651,783 1,656,198 5,722,680 1,314,556 1,056,853 (8,551,333) -- 
Fidelity Advisor Series Growth & Income Fund 66,814,273 5,971,811 10,530,736 5,486,224 504,557 (14,109,562) -- 
Fidelity Advisor Series Growth Opportunities Fund 24,894,051 4,411,166 11,469,475 4,021,150 3,635,465 377,703 21,848,910 
Fidelity Advisor Series Opportunistic Insights Fund 35,344,528 2,747,572 6,063,396 2,496,531 2,234,625 (15,007,785) -- 
Fidelity Advisor Series Small Cap Fund 18,976,799 1,726,672 4,412,136 1,438,080 604,318 (2,165,281) 14,730,372 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 44,062,046 3,642,226 5,808,563 3,333,550 1,101,002 (8,686,915) -- 
Fidelity Series 100 Index Fund 18,832,089 -- 19,671,736 -- 9,254,652 (8,415,005) -- 
Fidelity Series All-Sector Equity Fund 25,994,366 4,547,823 14,459,584 3,661,909 2,838,240 (4,481,206) 14,439,639 
Fidelity Series Canada Fund 5,562,712 713,915 1,329,272 114,077 (1,842) 115,646 5,061,159 
Fidelity Series Commodity Strategy Fund 23,427,565 7,956,527 5,936,468 1,437,858 (2,801,950) 64,203 22,709,877 
Fidelity Series Emerging Markets Debt Fund 8,307,794 568,482 1,116,634 465,116 (45,066) (363,576) 7,351,000 
Fidelity Series Emerging Markets Fund -- 6,494,759 544,000 24,812 (14,099) 185,913 6,122,573 
Fidelity Series Emerging Markets Opportunities Fund 62,250,067 14,367,482 10,030,778 4,600,330 198,939 (9,224,925) 57,560,785 
Fidelity Series Floating Rate High Income Fund 2,656,415 175,192 1,228,022 139,100 (71,580) 19,606 1,551,611 
Fidelity Series Government Money Market Fund 2.50% 119,493,654 20,143,577 52,327,910 2,123,689 -- -- 87,309,321 
Fidelity Series High Income Fund 16,441,680 1,101,163 8,707,509 882,892 (397,670) 218,060 8,655,724 
Fidelity Series Inflation-Protected Bond Index Fund 21,521,301 58,263,660 9,757,661 1,280,507 (221,120) 442,460 70,248,640 
Fidelity Series International Credit Fund 605,136 30,671 -- 30,672 -- (1,582) 634,225 
Fidelity Series International Growth Fund 57,433,691 8,447,079 14,731,311 3,197,999 2,933,807 (5,666,225) 48,417,041 
Fidelity Series International Small Cap Fund 14,297,809 2,448,059 3,440,267 1,054,021 790,374 (2,805,199) 11,290,776 
Fidelity Series International Value Fund 56,727,990 5,665,556 9,892,735 1,751,242 675,543 (6,862,642) 46,313,712 
Fidelity Series Investment Grade Bond Fund 312,691,131 17,218,762 70,690,183 9,108,680 (2,291,401) 5,427,807 262,356,116 
Fidelity Series Large Cap Stock Fund -- 2,925,167 5,846,374 2,362,934 (280,399) 10,512,222 55,960,959 
Fidelity Series Large Cap Value Index Fund 7,381,653 436,503 1,591,001 303,163 265,049 (170,969) 6,321,235 
Fidelity Series Long-Term Treasury Bond Index Fund 24,264,680 33,673,816 10,640,419 1,246,898 (390,264) 2,367,832 49,275,645 
Fidelity Series Opportunistic Insights Fund -- 3,350,778 3,401,055 2,592,090 (267,943) 11,404,894 30,342,218 
Fidelity Series Real Estate Equity Fund 4,572,433 35,205 4,731,454 31,043 793,797 (669,981) -- 
Fidelity Series Real Estate Income Fund 5,209,016 449,885 874,476 368,816 32,393 56,704 4,873,522 
Fidelity Series Short-Term Credit Fund 29,016,136 1,079,894 8,646,510 643,811 (99,331) 337,010 21,687,199 
Fidelity Series Small Cap Opportunities Fund 23,153,614 2,703,956 6,071,322 2,344,145 1,361,091 (2,289,331) 18,858,008 
Fidelity Series Stock Selector Large Cap Value Fund -- 3,615,188 4,224,357 3,242,780 (215,217) 3,126,604 36,612,014 
Fidelity Series Value Discovery Fund -- 2,643,649 3,818,491 2,282,543 75,397 5,185,074 36,176,450 
 $1,111,475,858 $222,359,954 $328,109,225 $65,937,053 $23,349,024 $(49,820,102) $979,255,509 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $718,435 $-- $718,435 $-- 
Domestic Equity Funds 290,546,460 290,546,460 -- -- 
International Equity Funds 174,766,046 174,766,046 -- -- 
Bond Funds 404,946,483 404,946,483 -- -- 
Short-Term Funds 112,307,109 112,307,109 -- -- 
Total Investments in Securities: $983,284,533 $982,566,098 $718,435 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $86,639 $86,639 $-- $-- 
Total Assets $86,639 $86,639 $-- $-- 
Liabilities     
Futures Contracts $(192,505) $(192,505) $-- $-- 
Total Liabilities $(192,505) $(192,505) $-- $-- 
Total Derivative Instruments: $(105,866) $(105,866) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(192,505) 
Total Equity Risk (192,505) 
Interest Rate Risk   
Futures Contracts(a) 86,639 
Total Interest Rate Risk 86,639 
Total Value of Derivatives $86,639 $(192,505) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $718,413) 
$718,435  
Fidelity Central Funds (cost $3,310,587) 3,310,589  
Other affiliated issuers (cost $876,353,641) 979,255,509  
Total Investment in Securities (cost $880,382,641)  $983,284,533 
Receivable for investments sold  5,586,261 
Receivable for fund shares sold  556,412 
Distributions receivable from Fidelity Central Funds  6,561 
Total assets  989,433,767 
Liabilities   
Payable for investments purchased $5,185,813  
Payable for fund shares redeemed 957,465  
Accrued management fee 460,589  
Distribution and service plan fees payable 194,392  
Payable for daily variation margin on futures contracts 108,248  
Total liabilities  6,906,507 
Net Assets  $982,527,260 
Net Assets consist of:   
Paid in capital  $855,141,175 
Total distributable earnings (loss)  127,386,085 
Net Assets  $982,527,260 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($476,762,793 ÷ 40,427,886 shares)  $11.79 
Maximum offering price per share (100/94.25 of $11.79)  $12.51 
Class M:   
Net Asset Value and redemption price per share ($152,211,903 ÷ 12,938,546 shares)  $11.76 
Maximum offering price per share (100/96.50 of $11.76)  $12.19 
Class C:   
Net Asset Value and offering price per share ($31,274,166 ÷ 2,676,018 shares)(a)  $11.69 
Class I:   
Net Asset Value, offering price and redemption price per share ($304,220,790 ÷ 25,582,681 shares)  $11.89 
Class Z:   
Net Asset Value, offering price and redemption price per share ($1,521,660 ÷ 128,460 shares)  $11.85 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($16,535,948 ÷ 1,393,603 shares)  $11.87 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $26,099,975 
Interest  9,149 
Income from Fidelity Central Funds  25,546 
Total income  26,134,670 
Expenses   
Management fee $5,841,595  
Distribution and service plan fees 2,543,608  
Independent trustees' fees and expenses 4,975  
Total expenses before reductions 8,390,178  
Expense reductions (177)  
Total expenses after reductions  8,390,001 
Net investment income (loss)  17,744,669 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 1,594  
Fidelity Central Funds (37)  
Other affiliated issuers 23,349,024  
Futures contracts 987,516  
Capital gain distributions from underlying funds:   
Affiliated issuers 39,837,078  
Total net realized gain (loss)  64,175,175 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 27  
Fidelity Central Funds  
Other affiliated issuers (49,820,102)  
Futures contracts (105,866)  
Total change in net unrealized appreciation (depreciation)  (49,925,939) 
Net gain (loss)  14,249,236 
Net increase (decrease) in net assets resulting from operations  $31,993,905 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $17,744,669 $14,255,743 
Net realized gain (loss) 64,175,175 81,625,051 
Change in net unrealized appreciation (depreciation) (49,925,939) 210,738 
Net increase (decrease) in net assets resulting from operations 31,993,905 96,091,532 
Distributions to shareholders (96,090,230) – 
Distributions to shareholders from net investment income – (15,646,822) 
Distributions to shareholders from net realized gain – (63,171,458) 
Total distributions (96,090,230) (78,818,280) 
Share transactions - net increase (decrease) (64,212,519) (118,085,087) 
Total increase (decrease) in net assets (128,308,844) (100,811,835) 
Net Assets   
Beginning of period 1,110,836,104 1,211,647,939 
End of period $982,527,260 $1,110,836,104 
Other Information   
Undistributed net investment income end of period  $957,886 

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


Financial Highlights

Fidelity Advisor Freedom 2015 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.59 $12.43 $11.81 $12.70 $12.87 
Income from Investment Operations      
Net investment income (loss)A .21 .16 .18 .20 .20 
Net realized and unrealized gain (loss) .14 .87 .99 (.45) .49 
Total from investment operations .35 1.03 1.17 (.25) .69 
Distributions from net investment income (.21) (.18) (.19) (.21) (.21) 
Distributions from net realized gain (.94) (.70) (.36) (.43) (.64) 
Total distributions (1.15) (.87)B (.55) (.64) (.86)C 
Net asset value, end of period $11.79 $12.59 $12.43 $11.81 $12.70 
Total ReturnD,E 3.26% 8.42% 10.23% (2.07)% 5.51% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .82% .72% .25% .25% .25% 
Expenses net of fee waivers, if any .82% .72% .25% .25% .25% 
Expenses net of all reductions .82% .72% .25% .25% .25% 
Net investment income (loss) 1.71% 1.22% 1.46% 1.64% 1.58% 
Supplemental Data      
Net assets, end of period (000 omitted) $476,763 $551,179 $653,982 $739,929 $967,164 
Portfolio turnover rateF 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.87 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.699 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 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.

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


Fidelity Advisor Freedom 2015 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.56 $12.41 $11.79 $12.68 $12.85 
Income from Investment Operations      
Net investment income (loss)A .17 .12 .15 .17 .17 
Net realized and unrealized gain (loss) .15 .87 .99 (.45) .48 
Total from investment operations .32 .99 1.14 (.28) .65 
Distributions from net investment income (.18) (.15) (.16) (.18) (.18) 
Distributions from net realized gain (.94) (.70) (.36) (.43) (.64) 
Total distributions (1.12) (.84)B (.52) (.61) (.82) 
Net asset value, end of period $11.76 $12.56 $12.41 $11.79 $12.68 
Total ReturnC,D 3.01% 8.10% 9.98% (2.32)% 5.26% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.07% .98% .50% .50% .50% 
Expenses net of fee waivers, if any 1.07% .98% .50% .50% .50% 
Expenses net of all reductions 1.07% .98% .50% .50% .50% 
Net investment income (loss) 1.45% .96% 1.21% 1.39% 1.33% 
Supplemental Data      
Net assets, end of period (000 omitted) $152,212 $167,835 $178,795 $190,018 $208,468 
Portfolio turnover rateE 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.84 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.699 per share.

 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.

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


Fidelity Advisor Freedom 2015 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.47 $12.32 $11.72 $12.60 $12.77 
Income from Investment Operations      
Net investment income (loss)A .11 .06 .08 .11 .11 
Net realized and unrealized gain (loss) .16 .86 .98 (.45) .48 
Total from investment operations .27 .92 1.06 (.34) .59 
Distributions from net investment income (.13) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.93) (.70) (.36) (.43) (.64) 
Total distributions (1.05)B (.77)C (.46) (.54) (.76) 
Net asset value, end of period $11.69 $12.47 $12.32 $11.72 $12.60 
Total ReturnD,E 2.60% 7.57% 9.33% (2.76)% 4.75% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.57% 1.48% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.57% 1.48% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.57% 1.48% 1.00% 1.00% 1.00% 
Net investment income (loss) .96% .47% .71% .89% .83% 
Supplemental Data      
Net assets, end of period (000 omitted) $31,274 $54,730 $61,332 $63,443 $72,725 
Portfolio turnover rateF 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.05 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.926 per share.

 C Total distributions of $.77 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.699 per share.

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

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

 F 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.

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


Fidelity Advisor Freedom 2015 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.69 $12.53 $11.90 $12.79 $12.96 
Income from Investment Operations      
Net investment income (loss)A .24 .19 .21 .23 .24 
Net realized and unrealized gain (loss) .14 .88 1.00 (.45) .48 
Total from investment operations .38 1.07 1.21 (.22) .72 
Distributions from net investment income (.24) (.21) (.22) (.24) (.25) 
Distributions from net realized gain (.94) (.70) (.36) (.43) (.64) 
Total distributions (1.18) (.91) (.58) (.67) (.89) 
Net asset value, end of period $11.89 $12.69 $12.53 $11.90 $12.79 
Total ReturnB 3.55% 8.66% 10.53% (1.80)% 5.74% 
Ratios to Average Net AssetsC,D      
Expenses before reductions .57% .48% - %E - %E - %E 
Expenses net of fee waivers, if any .57% .48% -% -% -% 
Expenses net of all reductions .57% .48% -% -% -% 
Net investment income (loss) 1.95% 1.46% 1.71% 1.89% 1.83% 
Supplemental Data      
Net assets, end of period (000 omitted) $304,221 $324,189 $317,539 $361,722 $425,176 
Portfolio turnover rateC 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount represents less than .005%.

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


Fidelity Advisor Freedom 2015 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.50 
Income from Investment Operations  
Net investment income (loss)B .27 
Net realized and unrealized gain (loss) (.17)C 
Total from investment operations .10 
Distributions from net investment income (.27) 
Distributions from net realized gain (.48) 
Total distributions (.75) 
Net asset value, end of period $11.85 
Total ReturnD,E 1.29% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .51%H,I 
Expenses net of fee waivers, if any .51%H,I 
Expenses net of all reductions .51%H,I 
Net investment income (loss) 4.73%H 
Supplemental Data  
Net assets, end of period (000 omitted) $1,522 
Portfolio turnover rateF 21% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2015 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.67 $12.66 
Income from Investment Operations   
Net investment income (loss)B .25 .18 
Net realized and unrealized gain (loss) .16 .51 
Total from investment operations .41 .69 
Distributions from net investment income (.27) (.21) 
Distributions from net realized gain (.94) (.47) 
Total distributions (1.21) (.68) 
Net asset value, end of period $11.87 $12.67 
Total ReturnC,D 3.81% 5.42% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .41% .43%G,H 
Expenses net of fee waivers, if any .41% .43%G,H 
Expenses net of all reductions .41% .43%G,H 
Net investment income (loss) 2.11% 1.75%G 
Supplemental Data   
Net assets, end of period (000 omitted) $16,536 $12,903 
Portfolio turnover rateE 21% 19% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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. Expenses net of fee waivers reflect expenses after reimbursement by 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 and expense amounts may cause ratios to differ from contractual rates.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.5 
Fidelity Series Large Cap Stock Fund 6.8 
Fidelity Series Government Money Market Fund 2.50% 6.6 
Fidelity Series Emerging Markets Opportunities Fund 6.4 
Fidelity Series International Growth Fund 5.7 
Fidelity Series International Value Fund 5.4 
Fidelity Series Inflation-Protected Bond Index Fund 5.2 
Fidelity Series Long-Term Treasury Bond Index Fund 5.1 
Fidelity Series Stock Selector Large Cap Value Fund 4.5 
Fidelity Series Value Discovery Fund 4.4 
 73.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.1% 
   International Equity Funds 20.1% 
   Bond Funds 36.1% 
   Short-Term Funds 8.7% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2020 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $1,508,071) 1,510,000 1,508,096 
 Shares Value 
Domestic Equity Funds - 35.1%   
Fidelity Advisor Series Equity Growth Fund (b) 6,632,039 $92,384,310 
Fidelity Advisor Series Growth Opportunities Fund (b) 4,312,702 62,361,675 
Fidelity Advisor Series Small Cap Fund (b) 3,906,601 40,941,178 
Fidelity Series All-Sector Equity Fund (b) 4,250,241 40,929,825 
Fidelity Series Commodity Strategy Fund (b) 11,210,108 53,472,213 
Fidelity Series Large Cap Stock Fund (b) 10,576,507 154,945,821 
Fidelity Series Large Cap Value Index Fund (b) 1,409,881 17,496,625 
Fidelity Series Opportunistic Insights Fund (b) 4,907,191 85,777,692 
Fidelity Series Small Cap Opportunities Fund (b) 3,911,010 52,642,198 
Fidelity Series Stock Selector Large Cap Value Fund (b) 8,667,420 102,275,559 
Fidelity Series Value Discovery Fund (b) 8,032,165 100,321,739 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $661,945,982)  803,548,835 
International Equity Funds - 20.1%   
Fidelity Series Canada Fund (b) 1,308,121 13,486,729 
Fidelity Series Emerging Markets Fund (b) 1,603,233 15,695,656 
Fidelity Series Emerging Markets Opportunities Fund (b) 7,963,299 147,559,925 
Fidelity Series International Growth Fund (b) 8,513,777 129,324,278 
Fidelity Series International Small Cap Fund (b) 1,965,183 30,519,298 
Fidelity Series International Value Fund (b) 13,297,078 123,662,826 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $368,378,640)  460,248,712 
Bond Funds - 36.1%   
Fidelity Series Emerging Markets Debt Fund (b) 1,707,175 16,371,811 
Fidelity Series Floating Rate High Income Fund (b) 336,610 3,120,379 
Fidelity Series High Income Fund (b) 2,206,943 20,745,261 
Fidelity Series Inflation-Protected Bond Index Fund (b) 12,287,339 120,170,173 
Fidelity Series International Credit Fund (b) 137,833 1,363,168 
Fidelity Series Investment Grade Bond Fund (b) 48,140,853 538,214,733 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 13,230,504 117,354,568 
Fidelity Series Real Estate Income Fund (b) 1,023,650 11,168,017 
TOTAL BOND FUNDS   
(Cost $822,281,424)  828,508,110 
Short-Term Funds - 8.7%   
Fidelity Cash Central Fund, 2.48%(c) 8,368,511 8,370,185 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 152,159,909 152,159,909 
Fidelity Series Short-Term Credit Fund (b) 3,843,587 38,320,567 
TOTAL SHORT-TERM FUNDS   
(Cost $198,834,422)  198,850,661 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,052,948,539)  2,292,664,414 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,789,199) 
NET ASSETS - 100%  $2,290,875,215 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 13 June 2019 $2,770,219 $12,069 $12,069 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 29 June 2019 3,359,016 38,231 38,231 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  21 June 2019 2,608,594 48,518 48,518 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,197,250 41,983 41,983 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,512,000 75,249 75,249 
TOTAL PURCHASED     216,050 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 65 June 2019 9,222,850 (279,157) (279,157) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 144 June 2019 7,613,280 (141,960) (141,960) 
TOTAL SOLD     (421,117) 
TOTAL FUTURES CONTRACTS     $(205,067) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.7%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,508,096.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $59,331 
Total $59,331 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $97,996,442 $9,767,939 $20,098,771 $7,099,080 $2,537,228 $2,181,472 $92,384,310 
Fidelity Advisor Series Equity Value Fund 112,977,029 4,851,014 9,367,482 3,592,703 575,945 (21,311,894) -- 
Fidelity Advisor Series Growth & Income Fund 172,970,500 16,688,508 19,127,430 14,741,472 964,547 (32,886,455) -- 
Fidelity Advisor Series Growth Opportunities Fund 64,366,555 12,509,295 24,924,105 11,114,246 7,277,779 3,132,151 62,361,675 
Fidelity Advisor Series Opportunistic Insights Fund 91,315,922 7,831,255 11,088,207 6,822,654 2,240,465 (37,653,473) -- 
Fidelity Advisor Series Small Cap Fund 49,077,299 5,181,293 8,917,445 3,986,217 751,288 (5,151,257) 40,941,178 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 114,047,646 10,209,187 9,656,058 9,096,431 653,530 (21,613,588) -- 
Fidelity Series 100 Index Fund 48,677,255 -- 51,233,085 -- 20,253,867 (17,698,037) -- 
Fidelity Series All-Sector Equity Fund 67,245,550 13,582,840 34,858,575 10,389,949 6,127,336 (11,167,326) 40,929,825 
Fidelity Series Canada Fund 14,121,725 1,176,922 2,027,910 304,846 (29,245) 245,237 13,486,729 
Fidelity Series Commodity Strategy Fund 53,066,753 18,408,347 11,696,258 3,319,206 (5,639,207) (667,422) 53,472,213 
Fidelity Series Emerging Markets Debt Fund 18,075,963 1,340,983 2,159,754 1,028,488 (88,167) (797,214) 16,371,811 
Fidelity Series Emerging Markets Fund -- 15,957,723 1,140,447 63,759 (26,834) 905,214 15,695,656 
Fidelity Series Emerging Markets Opportunities Fund 154,150,718 37,521,886 21,263,604 11,817,697 (560,481) (22,288,594) 147,559,925 
Fidelity Series Floating Rate High Income Fund 5,870,063 412,891 3,055,202 299,940 (174,745) 67,372 3,120,379 
Fidelity Series Government Money Market Fund 2.50% 204,141,698 40,519,434 92,501,223 3,723,314 -- -- 152,159,909 
Fidelity Series High Income Fund 36,542,127 2,704,733 18,090,603 2,056,913 (964,557) 553,561 20,745,261 
Fidelity Series Inflation-Protected Bond Index Fund 28,559,768 105,536,202 14,256,570 2,200,036 (495,591) 826,364 120,170,173 
Fidelity Series International Credit Fund 1,300,646 65,924 -- 65,924 -- (3,402) 1,363,168 
Fidelity Series International Growth Fund 144,970,532 22,144,445 30,615,155 8,560,730 4,483,533 (11,659,077) 129,324,278 
Fidelity Series International Small Cap Fund 36,256,739 7,032,031 7,458,052 2,830,143 1,074,275 (6,385,695) 30,519,298 
Fidelity Series International Value Fund 143,946,261 15,973,786 19,953,561 4,686,771 526,008 (16,829,668) 123,662,826 
Fidelity Series Investment Grade Bond Fund 637,028,192 37,645,413 142,975,240 18,644,331 (5,857,595) 12,373,963 538,214,733 
Fidelity Series Large Cap Stock Fund -- 8,342,129 14,324,138 6,541,881 (837,821) 23,155,981 154,945,821 
Fidelity Series Large Cap Value Index Fund 19,081,531 1,320,208 3,117,122 840,925 384,083 (172,075) 17,496,625 
Fidelity Series Long-Term Treasury Bond Index Fund 55,292,489 79,688,061 22,307,987 2,951,301 (724,795) 5,406,800 117,354,568 
Fidelity Series Opportunistic Insights Fund -- 10,223,131 7,538,195 7,236,285 (609,575) 31,056,369 85,777,692 
Fidelity Series Real Estate Equity Fund 11,817,048 75,560 12,196,466 64,942 1,586,811 (1,282,953) -- 
Fidelity Series Real Estate Income Fund 11,569,965 1,082,468 1,688,806 837,466 43,671 160,719 11,168,017 
Fidelity Series Short-Term Credit Fund 49,294,490 2,123,147 13,517,928 1,127,665 (143,887) 564,745 38,320,567 
Fidelity Series Small Cap Opportunities Fund 59,875,853 7,991,831 12,500,896 6,443,829 1,553,126 (4,277,716) 52,642,198 
Fidelity Series Stock Selector Large Cap Value Fund -- 10,312,347 9,522,364 8,995,611 (542,565) 8,387,424 102,275,559 
Fidelity Series Value Discovery Fund -- 7,489,559 9,209,103 6,332,656 (44,999) 14,361,670 100,321,739 
 $2,503,636,759 $515,710,492 $662,387,742 $167,817,411 $34,293,428 $(108,466,804) $2,282,786,133 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,508,096 $-- $1,508,096 $-- 
Domestic Equity Funds 803,548,835 803,548,835 -- -- 
International Equity Funds 460,248,712 460,248,712 -- -- 
Bond Funds 828,508,110 828,508,110 -- -- 
Short-Term Funds 198,850,661 198,850,661 -- -- 
Total Investments in Securities: $2,292,664,414 $2,291,156,318 $1,508,096 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $216,050 $216,050 $-- $-- 
Total Assets $216,050 $216,050 $-- $-- 
Liabilities     
Futures Contracts $(421,117) $(421,117) $-- $-- 
Total Liabilities $(421,117) $(421,117) $-- $-- 
Total Derivative Instruments: $(205,067) $(205,067) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(421,117) 
Total Equity Risk (421,117) 
Interest Rate Risk   
Futures Contracts(a) 216,050 
Total Interest Rate Risk 216,050 
Total Value of Derivatives $216,050 $(421,117) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,508,071) 
$1,508,096  
Fidelity Central Funds (cost $8,370,185) 8,370,185  
Other affiliated issuers (cost $2,043,070,283) 2,282,786,133  
Total Investment in Securities (cost $2,052,948,539)  $2,292,664,414 
Receivable for investments sold  10,334,424 
Receivable for fund shares sold  1,377,333 
Distributions receivable from Fidelity Central Funds  16,390 
Total assets  2,304,392,561 
Liabilities   
Payable for investments purchased $6,175,317  
Payable for fund shares redeemed 5,535,187  
Accrued management fee 1,155,886  
Distribution and service plan fees payable 422,199  
Payable for daily variation margin on futures contracts 228,757  
Total liabilities  13,517,346 
Net Assets  $2,290,875,215 
Net Assets consist of:   
Paid in capital  $1,985,321,837 
Total distributable earnings (loss)  305,553,378 
Net Assets  $2,290,875,215 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,038,298,952 ÷ 80,083,285 shares)  $12.97 
Maximum offering price per share (100/94.25 of $12.97)  $13.76 
Class M:   
Net Asset Value and redemption price per share ($345,810,320 ÷ 26,688,151 shares)  $12.96 
Maximum offering price per share (100/96.50 of $12.96)  $13.43 
Class C:   
Net Asset Value and offering price per share ($63,123,183 ÷ 4,908,816 shares)(a)  $12.86 
Class I:   
Net Asset Value, offering price and redemption price per share ($795,372,390 ÷ 60,856,954 shares)  $13.07 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,584,634 ÷ 198,513 shares)  $13.02 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($45,685,736 ÷ 3,504,055 shares)  $13.04 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $60,399,715 
Interest  22,430 
Income from Fidelity Central Funds  59,331 
Total income  60,481,476 
Expenses   
Management fee $14,463,453  
Distribution and service plan fees 5,446,220  
Independent trustees' fees and expenses 11,392  
Total expenses before reductions 19,921,065  
Expense reductions (220)  
Total expenses after reductions  19,920,845 
Net investment income (loss)  40,560,631 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,186  
Fidelity Central Funds (35)  
Other affiliated issuers 34,293,428  
Futures contracts 2,162,245  
Capital gain distributions from underlying funds:   
Affiliated issuers 107,417,696  
Total net realized gain (loss)  143,877,520 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 37  
Affiliated issuers (108,466,804)  
Futures contracts (205,067)  
Total change in net unrealized appreciation (depreciation)  (108,671,834) 
Net gain (loss)  35,205,686 
Net increase (decrease) in net assets resulting from operations  $75,766,317 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $40,560,631 $30,214,061 
Net realized gain (loss) 143,877,520 162,690,491 
Change in net unrealized appreciation (depreciation) (108,671,834) 32,981,869 
Net increase (decrease) in net assets resulting from operations 75,766,317 225,886,421 
Distributions to shareholders (202,406,934) – 
Distributions to shareholders from net investment income – (33,576,472) 
Distributions to shareholders from net realized gain – (112,956,333) 
Total distributions (202,406,934) (146,532,805) 
Share transactions - net increase (decrease) (84,654,253) (133,083,804) 
Total increase (decrease) in net assets (211,294,870) (53,730,188) 
Net Assets   
Beginning of period 2,502,170,085 2,555,900,273 
End of period $2,290,875,215 $2,502,170,085 
Other Information   
Undistributed net investment income end of period  $1,145,206 

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


Financial Highlights

Fidelity Advisor Freedom 2020 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.71 $13.31 $12.51 $13.44 $13.54 
Income from Investment Operations      
Net investment income (loss)A .22 .16 .19 .21 .22 
Net realized and unrealized gain (loss) .18 1.05 1.16 (.51) .55 
Total from investment operations .40 1.21 1.35 (.30) .77 
Distributions from net investment income (.22) (.18) (.19) (.21) (.23) 
Distributions from net realized gain (.92) (.62) (.36) (.41) (.64) 
Total distributions (1.14) (.81)B (.55) (.63)C (.87) 
Net asset value, end of period $12.97 $13.71 $13.31 $12.51 $13.44 
Total ReturnD,E 3.40% 9.15% 11.17% (2.35)% 5.82% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .86% .76% .25% .25% .25% 
Expenses net of fee waivers, if any .86% .76% .25% .25% .25% 
Expenses net of all reductions .86% .76% .25% .25% .25% 
Net investment income (loss) 1.68% 1.18% 1.46% 1.62% 1.59% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,038,299 $1,196,128 $1,315,261 $1,442,826 $1,775,399 
Portfolio turnover rateG 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.81 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.621 per share.

 C 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.

 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.

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


Fidelity Advisor Freedom 2020 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.71 $13.30 $12.51 $13.44 $13.54 
Income from Investment Operations      
Net investment income (loss)A .19 .13 .15 .18 .18 
Net realized and unrealized gain (loss) .17 1.05 1.16 (.52) .55 
Total from investment operations .36 1.18 1.31 (.34) .73 
Distributions from net investment income (.19) (.15) (.16) (.18) (.19) 
Distributions from net realized gain (.92) (.62) (.36) (.41) (.64) 
Total distributions (1.11) (.77) (.52) (.59) (.83) 
Net asset value, end of period $12.96 $13.71 $13.30 $12.51 $13.44 
Total ReturnB,C 3.07% 8.97% 10.81% (2.59)% 5.56% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.11% 1.01% .50% .50% .50% 
Expenses net of fee waivers, if any 1.11% 1.01% .50% .50% .50% 
Expenses net of all reductions 1.11% 1.01% .50% .50% .50% 
Net investment income (loss) 1.43% .92% 1.21% 1.37% 1.34% 
Supplemental Data      
Net assets, end of period (000 omitted) $345,810 $374,470 $396,330 $394,406 $440,674 
Portfolio turnover rateE 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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


Fidelity Advisor Freedom 2020 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.60 $13.20 $12.42 $13.35 $13.45 
Income from Investment Operations      
Net investment income (loss)A .12 .06 .09 .11 .11 
Net realized and unrealized gain (loss) .17 1.05 1.15 (.51) .55 
Total from investment operations .29 1.11 1.24 (.40) .66 
Distributions from net investment income (.14) (.09) (.10) (.12) (.12) 
Distributions from net realized gain (.90) (.62) (.36) (.41) (.64) 
Total distributions (1.03)B (.71) (.46) (.53) (.76) 
Net asset value, end of period $12.86 $13.60 $13.20 $12.42 $13.35 
Total ReturnC,D 2.55% 8.45% 10.26% (3.11)% 5.07% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.61% 1.52% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.61% 1.52% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.61% 1.52% 1.00% 1.00% 1.00% 
Net investment income (loss) .93% .42% .71% .87% .84% 
Supplemental Data      
Net assets, end of period (000 omitted) $63,123 $98,878 $101,268 $105,128 $112,535 
Portfolio turnover rateF 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.03 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.895 per share.

 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.

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


Fidelity Advisor Freedom 2020 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.82 $13.41 $12.61 $13.54 $13.63 
Income from Investment Operations      
Net investment income (loss)A .26 .20 .22 .24 .25 
Net realized and unrealized gain (loss) .17 1.05 1.16 (.51) .56 
Total from investment operations .43 1.25 1.38 (.27) .81 
Distributions from net investment income (.26) (.22) (.22) (.25) (.26) 
Distributions from net realized gain (.92) (.62) (.36) (.41) (.64) 
Total distributions (1.18) (.84) (.58) (.66) (.90) 
Net asset value, end of period $13.07 $13.82 $13.41 $12.61 $13.54 
Total ReturnB 3.61% 9.45% 11.36% (2.07)% 6.13% 
Ratios to Average Net AssetsC,D      
Expenses before reductions .61% .52% –%E –%E –%E 
Expenses net of fee waivers, if any .61% .52% -% -% -% 
Expenses net of all reductions .61% .52% -% -% -% 
Net investment income (loss) 1.92% 1.42% 1.71% 1.87% 1.84% 
Supplemental Data      
Net assets, end of period (000 omitted) $795,372 $803,562 $743,042 $767,908 $836,880 
Portfolio turnover rateD 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

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

 C Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 E Amount represents less than .005%.

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


Fidelity Advisor Freedom 2020 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.69 
Income from Investment Operations  
Net investment income (loss)B .21 
Net realized and unrealized gain (loss) (.15)C 
Total from investment operations .06 
Distributions from net investment income (.30) 
Distributions from net realized gain (.43) 
Total distributions (.73) 
Net asset value, end of period $13.02 
Total ReturnD,E .91% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .54%H,I 
Expenses net of fee waivers, if any .54%H,I 
Expenses net of all reductions .54%H,I 
Net investment income (loss) 3.41%H 
Supplemental Data  
Net assets, end of period (000 omitted) $2,585 
Portfolio turnover rateG 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2020 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.81 $13.62 
Income from Investment Operations   
Net investment income (loss)B .28 .08 
Net realized and unrealized gain (loss) .17 .75 
Total from investment operations .45 .83 
Distributions from net investment income (.30) (.23) 
Distributions from net realized gain (.92) (.41) 
Total distributions (1.22) (.64) 
Net asset value, end of period $13.04 $13.81 
Total ReturnC,D 3.76% 6.08% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .43% .45%G,H 
Expenses net of fee waivers, if any .43% .45%G,H 
Expenses net of all reductions .43% .45%G,H 
Net investment income (loss) 2.10% .71%G 
Supplemental Data   
Net assets, end of period (000 omitted) $45,686 $29,132 
Portfolio turnover rateF 22% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 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® 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 19.9 
Fidelity Series Large Cap Stock Fund 7.7 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series International Growth Fund 6.3 
Fidelity Series International Value Fund 6.0 
Fidelity Series Long-Term Treasury Bond Index Fund 5.6 
Fidelity Series Stock Selector Large Cap Value Fund 5.1 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Advisor Series Equity Growth Fund 4.6 
Fidelity Series Government Money Market Fund 2.50% 4.6 
 71.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.9% 
   International Equity Funds 22.0% 
   Bond Funds 32.0% 
   Short-Term Funds 6.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2025 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.37% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $1,826,175) 1,830,000 1,826,227 
 Shares Value 
Domestic Equity Funds - 39.9%   
Fidelity Advisor Series Equity Growth Fund (b) 9,611,594 $133,889,507 
Fidelity Advisor Series Growth Opportunities Fund (b) 6,378,703 92,236,051 
Fidelity Advisor Series Small Cap Fund (b) 5,683,046 59,558,327 
Fidelity Series All-Sector Equity Fund (b) 6,231,055 60,005,061 
Fidelity Series Commodity Strategy Fund (b) 14,216,642 67,813,381 
Fidelity Series Large Cap Stock Fund (b) 15,337,663 224,696,763 
Fidelity Series Large Cap Value Index Fund (b) 2,006,005 24,894,526 
Fidelity Series Opportunistic Insights Fund (b) 7,110,651 124,294,179 
Fidelity Series Small Cap Opportunities Fund (b) 5,712,373 76,888,547 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,545,280 148,034,308 
Fidelity Series Value Discovery Fund (b) 11,627,280 145,224,728 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $974,445,843)  1,157,535,378 
International Equity Funds - 22.0%   
Fidelity Series Canada Fund (b) 1,853,782 19,112,491 
Fidelity Series Emerging Markets Fund (b) 2,184,673 21,387,953 
Fidelity Series Emerging Markets Opportunities Fund (b) 10,820,158 200,497,526 
Fidelity Series International Growth Fund (b) 11,983,959 182,036,344 
Fidelity Series International Small Cap Fund (b) 2,770,399 43,024,293 
Fidelity Series International Value Fund (b) 18,707,852 173,983,022 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $527,628,498)  640,041,629 
Bond Funds - 32.0%   
Fidelity Series Emerging Markets Debt Fund (b) 2,092,974 20,071,618 
Fidelity Series Floating Rate High Income Fund (b) 426,168 3,950,579 
Fidelity Series High Income Fund (b) 2,799,617 26,316,404 
Fidelity Series Inflation-Protected Bond Index Fund (b) 12,364,069 120,920,595 
Fidelity Series International Credit Fund (b) 159,799 1,580,415 
Fidelity Series Investment Grade Bond Fund (b) 51,747,904 578,541,563 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 18,426,361 163,441,825 
Fidelity Series Real Estate Income Fund (b) 1,270,720 13,863,553 
TOTAL BOND FUNDS   
(Cost $925,260,106)  928,686,552 
Short-Term Funds - 6.1%   
Fidelity Cash Central Fund, 2.48% (c) 10,346,269 10,348,339 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 133,487,839 133,487,839 
Fidelity Series Short-Term Credit Fund (b) 3,369,344 33,592,360 
TOTAL SHORT-TERM FUNDS   
(Cost $177,423,266)  177,428,538 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,606,583,888)  2,905,518,324 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,304,206) 
NET ASSETS - 100%  $2,903,214,118 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 15 June 2019 $3,196,406 $13,925 $13,925 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 37 June 2019 4,285,641 48,777 48,777 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  26 June 2019 3,229,688 60,070 60,070 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 12 June 2019 1,795,875 62,974 62,974 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 13 June 2019 2,184,000 108,694 108,694 
TOTAL PURCHASED     294,441 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 89 June 2019 12,628,210 (382,230) (382,230) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 163 June 2019 8,617,810 (160,690) (160,690) 
TOTAL SOLD     (542,920) 
TOTAL FUTURES CONTRACTS     $(248,479) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.7%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,826,227.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $75,190 
Total $75,190 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $131,910,093 $16,586,889 $20,953,834 $10,012,542 $1,489,705 $4,856,654 $133,889,507 
Fidelity Advisor Series Equity Value Fund 152,092,384 7,220,187 8,850,175 4,975,873 15,369 (27,114,731) -- 
Fidelity Advisor Series Growth & Income Fund 232,877,392 23,627,036 19,584,205 20,284,891 893,424 (40,937,622) -- 
Fidelity Advisor Series Growth Opportunities Fund 86,630,974 18,940,086 27,428,685 15,630,033 7,142,729 6,950,947 92,236,051 
Fidelity Advisor Series Opportunistic Insights Fund 122,841,576 11,177,854 11,719,625 9,443,105 1,028,545 (49,877,717) -- 
Fidelity Advisor Series Small Cap Fund 66,053,566 8,750,758 9,066,900 5,632,562 380,106 (6,559,203) 59,558,327 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 153,544,687 14,783,410 9,378,405 12,604,505 (25,500) (27,284,594) -- 
Fidelity Series 100 Index Fund 65,608,385 -- 69,164,115 -- 30,450,312 (26,894,582) -- 
Fidelity Series All-Sector Equity Fund 90,515,999 20,493,107 43,524,776 14,792,803 7,713,695 (15,192,964) 60,005,061 
Fidelity Series Canada Fund 18,652,399 2,947,089 2,852,818 419,089 6,592 359,229 19,112,491 
Fidelity Series Commodity Strategy Fund 64,190,392 23,403,429 12,075,654 4,041,063 (4,573,029) (3,131,757) 67,813,381 
Fidelity Series Emerging Markets Debt Fund 21,250,839 1,883,708 2,027,754 1,223,902 (44,604) (990,571) 20,071,618 
Fidelity Series Emerging Markets Fund -- 21,930,929 994,129 84,354 (16,200) 467,353 21,387,953 
Fidelity Series Emerging Markets Opportunities Fund 200,253,721 50,827,832 20,695,841 15,607,024 (467,521) (29,420,665) 200,497,526 
Fidelity Series Floating Rate High Income Fund 6,978,916 578,273 3,483,662 361,276 (181,223) 58,275 3,950,579 
Fidelity Series Government Money Market Fund 2.50% 191,905,833 41,963,821 100,381,815 3,250,411 -- -- 133,487,839 
Fidelity Series High Income Fund 42,751,545 3,862,483 19,807,538 2,492,157 (829,552) 339,466 26,316,404 
Fidelity Series Inflation-Protected Bond Index Fund 24,067,874 106,842,583 10,407,136 2,161,275 (110,685) 527,959 120,920,595 
Fidelity Series International Credit Fund 1,507,928 76,431 -- 76,431 -- (3,944) 1,580,415 
Fidelity Series International Growth Fund 190,574,782 32,840,221 31,956,066 11,668,532 3,415,311 (12,837,904) 182,036,344 
Fidelity Series International Small Cap Fund 47,564,731 8,792,227 6,113,867 3,885,135 600,331 (7,819,129) 43,024,293 
Fidelity Series International Value Fund 190,117,014 26,467,929 20,589,653 6,395,227 260,105 (22,272,373) 173,983,022 
Fidelity Series Investment Grade Bond Fund 663,099,615 52,822,153 144,501,583 19,385,367 (6,656,630) 13,778,008 578,541,563 
Fidelity Series Large Cap Stock Fund -- 14,693,843 13,324,364 9,191,045 (483,263) 26,934,522 224,696,763 
Fidelity Series Large Cap Value Index Fund 25,669,107 2,174,792 3,229,703 1,165,777 267,550 12,780 24,894,526 
Fidelity Series Long-Term Treasury Bond Index Fund 67,087,281 115,604,173 25,730,307 4,045,380 (806,176) 7,286,854 163,441,825 
Fidelity Series Opportunistic Insights Fund -- 16,095,112 6,920,186 10,190,604 (461,617) 42,130,237 124,294,179 
Fidelity Series Real Estate Equity Fund 15,933,541 90,689 16,421,405 77,109 1,659,698 (1,262,523) -- 
Fidelity Series Real Estate Income Fund 13,677,837 1,519,858 1,587,932 1,003,044 (1,949) 255,739 13,863,553 
Fidelity Series Short-Term Credit Fund 43,250,992 2,456,620 12,479,598 981,940 (133,486) 497,832 33,592,360 
Fidelity Series Small Cap Opportunities Fund 80,597,666 13,175,015 12,998,805 8,961,104 1,321,642 (5,206,971) 76,888,547 
Fidelity Series Stock Selector Large Cap Value Fund -- 16,296,128 8,760,819 12,664,557 (429,043) 9,288,444 148,034,308 
Fidelity Series Value Discovery Fund -- 12,435,319 8,560,421 8,900,329 (332,365) 18,319,161 145,224,728 
 $3,011,207,069 $691,359,984 $705,571,776 $221,608,446 $41,092,271 $(144,743,790) $2,893,343,758 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,826,227 $-- $1,826,227 $-- 
Domestic Equity Funds 1,157,535,378 1,157,535,378 -- -- 
International Equity Funds 640,041,629 640,041,629 -- -- 
Bond Funds 928,686,552 928,686,552 -- -- 
Short-Term Funds 177,428,538 177,428,538 -- -- 
Total Investments in Securities: $2,905,518,324 $2,903,692,097 $1,826,227 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $294,441 $294,441 $-- $-- 
Total Assets $294,441 $294,441 $-- $-- 
Liabilities     
Futures Contracts $(542,920) $(542,920) $-- $-- 
Total Liabilities $(542,920) $(542,920) $-- $-- 
Total Derivative Instruments: $(248,479) $(248,479) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(542,920) 
Total Equity Risk (542,920) 
Interest Rate Risk   
Futures Contracts(a) 294,441 
Total Interest Rate Risk 294,441 
Total Value of Derivatives $294,441 $(542,920) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,826,175) 
$1,826,227  
Fidelity Central Funds (cost $10,348,307) 10,348,339  
Other affiliated issuers (cost $2,594,409,406) 2,893,343,758  
Total Investment in Securities (cost $2,606,583,888)  $2,905,518,324 
Receivable for investments sold  9,382,752 
Receivable for fund shares sold  2,844,954 
Distributions receivable from Fidelity Central Funds  20,221 
Total assets  2,917,766,251 
Liabilities   
Payable for investments purchased $8,591,715  
Payable for fund shares redeemed 3,624,838  
Distributions payable 117  
Accrued management fee 1,553,806  
Distribution and service plan fees payable 506,289  
Payable for daily variation margin on futures contracts 275,368  
Total liabilities  14,552,133 
Net Assets  $2,903,214,118 
Net Assets consist of:   
Paid in capital  $2,510,350,649 
Total distributable earnings (loss)  392,863,469 
Net Assets  $2,903,214,118 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,304,019,750 ÷ 100,375,645 shares)  $12.99 
Maximum offering price per share (100/94.25 of $12.99)  $13.78 
Class M:   
Net Asset Value and redemption price per share ($423,583,858 ÷ 32,547,169 shares)  $13.01 
Maximum offering price per share (100/96.50 of $13.01)  $13.48 
Class C:   
Net Asset Value and offering price per share ($64,691,397 ÷ 5,053,888 shares)(a)  $12.80 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,051,420,038 ÷ 80,199,660 shares)  $13.11 
Class Z:   
Net Asset Value, offering price and redemption price per share ($3,395,832 ÷ 260,152 shares)  $13.05 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($56,103,243 ÷ 4,289,504 shares)  $13.08 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $73,442,962 
Interest  26,812 
Income from Fidelity Central Funds  75,190 
Total income  73,544,964 
Expenses   
Management fee $18,894,516  
Distribution and service plan fees 6,368,226  
Independent trustees' fees and expenses 13,849  
Total expenses before reductions 25,276,591  
Expense reductions (168)  
Total expenses after reductions  25,276,423 
Net investment income (loss)  48,268,541 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 5,600  
Fidelity Central Funds (59)  
Other affiliated issuers 41,092,271  
Futures contracts 3,744,632  
Capital gain distributions from underlying funds:   
Affiliated issuers 148,165,484  
Total net realized gain (loss)  193,007,928 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 65  
Fidelity Central Funds 32  
Other affiliated issuers (144,743,790)  
Futures contracts (248,479)  
Total change in net unrealized appreciation (depreciation)  (144,992,172) 
Net gain (loss)  48,015,756 
Net increase (decrease) in net assets resulting from operations  $96,284,297 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $48,268,541 $33,835,159 
Net realized gain (loss) 193,007,928 183,273,762 
Change in net unrealized appreciation (depreciation) (144,992,172) 66,482,962 
Net increase (decrease) in net assets resulting from operations 96,284,297 283,591,883 
Distributions to shareholders (246,718,993) – 
Distributions to shareholders from net investment income – (38,001,071) 
Distributions to shareholders from net realized gain – (117,185,415) 
Total distributions (246,718,993) (155,186,486) 
Share transactions - net increase (decrease) 44,282,154 (18,870,598) 
Total increase (decrease) in net assets (106,152,542) 109,534,799 
Net Assets   
Beginning of period 3,009,366,660 2,899,831,861 
End of period $2,903,214,118 $3,009,366,660 
Other Information   
Undistributed net investment income end of period  $174,202 

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


Financial Highlights

Fidelity Advisor Freedom 2025 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.74 $13.16 $12.29 $13.25 $13.33 
Income from Investment Operations      
Net investment income (loss)A .21 .15 .18 .19 .21 
Net realized and unrealized gain (loss) .18 1.15 1.24 (.54) .60 
Total from investment operations .39 1.30 1.42 (.35) .81 
Distributions from net investment income (.21) (.17) (.18) (.20) (.22) 
Distributions from net realized gain (.93) (.55) (.37) (.42) (.67) 
Total distributions (1.14) (.72) (.55) (.61)B (.89) 
Net asset value, end of period $12.99 $13.74 $13.16 $12.29 $13.25 
Total ReturnC,D 3.34% 9.96% 12.00% (2.72)% 6.26% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .90% .80% .25% .25% .25% 
Expenses net of fee waivers, if any .90% .80% .25% .25% .25% 
Expenses net of all reductions .90% .80% .25% .25% .25% 
Net investment income (loss) 1.62% 1.11% 1.43% 1.53% 1.55% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,304,020 $1,435,987 $1,503,384 $1,543,665 $1,853,121 
Portfolio turnover rateE 24% 23% 20% 24% 23% 

 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 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.

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


Fidelity Advisor Freedom 2025 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.76 $13.18 $12.31 $13.27 $13.35 
Income from Investment Operations      
Net investment income (loss)A .18 .12 .15 .16 .17 
Net realized and unrealized gain (loss) .18 1.15 1.24 (.54) .61 
Total from investment operations .36 1.27 1.39 (.38) .78 
Distributions from net investment income (.19) (.14) (.15) (.16) (.19) 
Distributions from net realized gain (.92) (.55) (.37) (.42) (.67) 
Total distributions (1.11) (.69) (.52) (.58) (.86) 
Net asset value, end of period $13.01 $13.76 $13.18 $12.31 $13.27 
Total ReturnB,C 3.09% 9.69% 11.70% (2.95)% 6.00% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.15% 1.05% .50% .50% .50% 
Expenses net of fee waivers, if any 1.15% 1.05% .50% .50% .50% 
Expenses net of all reductions 1.15% 1.05% .50% .50% .50% 
Net investment income (loss) 1.37% .86% 1.18% 1.28% 1.30% 
Supplemental Data      
Net assets, end of period (000 omitted) $423,584 $432,227 $418,713 $399,088 $405,224 
Portfolio turnover rateD 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

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

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

 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.

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


Fidelity Advisor Freedom 2025 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.54 $12.98 $12.14 $13.09 $13.19 
Income from Investment Operations      
Net investment income (loss)A .11 .05 .08 .10 .11 
Net realized and unrealized gain (loss) .18 1.13 1.23 (.53) .59 
Total from investment operations .29 1.18 1.31 (.43) .70 
Distributions from net investment income (.13) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.91) (.54) (.37) (.41) (.67) 
Total distributions (1.03)B (.62) (.47) (.52) (.80)C 
Net asset value, end of period $12.80 $13.54 $12.98 $12.14 $13.09 
Total ReturnD,E 2.59% 9.14% 11.13% (3.40)% 5.42% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.65% 1.55% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.65% 1.55% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.65% 1.55% 1.00% 1.00% 1.00% 
Net investment income (loss) .87% .36% .68% .78% .80% 
Supplemental Data      
Net assets, end of period (000 omitted) $64,691 $97,691 $97,994 $91,941 $94,878 
Portfolio turnover rateF 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.03 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.905 per share.

 C 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.

 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.

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


Fidelity Advisor Freedom 2025 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.86 $13.27 $12.39 $13.35 $13.43 
Income from Investment Operations      
Net investment income (loss)A .25 .19 .21 .23 .24 
Net realized and unrealized gain (loss) .18 1.16 1.26 (.54) .60 
Total from investment operations .43 1.35 1.47 (.31) .84 
Distributions from net investment income (.25) (.21) (.21) (.23) (.25) 
Distributions from net realized gain (.93) (.55) (.37) (.42) (.67) 
Total distributions (1.18) (.76) (.59)B (.65) (.92) 
Net asset value, end of period $13.11 $13.86 $13.27 $12.39 $13.35 
Total ReturnC 3.63% 10.26% 12.26% (2.44)% 6.48% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .65% .56% - %F - %F - %F 
Expenses net of fee waivers, if any .65% .56% -% -% -% 
Expenses net of all reductions .65% .56% -% -% -% 
Net investment income (loss) 1.87% 1.35% 1.68% 1.78% 1.80% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,051,420 $1,018,536 $879,740 $870,772 $838,616 
Portfolio turnover rateD 24% 23% 20% 24% 23% 

 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 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2025 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.78 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) (.02)C 
Total from investment operations .01 
Distributions from net investment income (.30) 
Distributions from net realized gain (.44) 
Total distributions (.74) 
Net asset value, end of period $13.05 
Total ReturnD,E 0.56% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .56%H 
Expenses net of fee waivers, if any .56%H 
Expenses net of all reductions .56%H 
Net investment income (loss) .43%H 
Supplemental Data  
Net assets, end of period (000 omitted) $3,396 
Portfolio turnover rateF 24% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 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

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


Fidelity Advisor Freedom 2025 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.85 $13.53 
Income from Investment Operations   
Net investment income (loss)B .27 .10 
Net realized and unrealized gain (loss) .18 .80 
Total from investment operations .45 .90 
Distributions from net investment income (.29) (.22) 
Distributions from net realized gain (.93) (.36) 
Total distributions (1.22) (.58) 
Net asset value, end of period $13.08 $13.85 
Total ReturnC,D 3.85% 6.61% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .45% .47%G,H 
Expenses net of fee waivers, if any .45% .47%G,H 
Expenses net of all reductions .45% .47%G,H 
Net investment income (loss) 2.07% .89%G 
Supplemental Data   
Net assets, end of period (000 omitted) $56,103 $24,926 
Portfolio turnover rateE 24% 23% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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. Expenses net of fee waivers reflect expenses after reimbursement by 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 and expense amounts may cause ratios to differ from contractual rates.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 15.4 
Fidelity Series Large Cap Stock Fund 9.5 
Fidelity Series Emerging Markets Opportunities Fund 7.8 
Fidelity Series International Growth Fund 7.3 
Fidelity Series International Value Fund 7.1 
Fidelity Series Stock Selector Large Cap Value Fund 6.2 
Fidelity Series Value Discovery Fund 6.1 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Advisor Series Equity Growth Fund 5.5 
Fidelity Series Opportunistic Insights Fund 5.2 
 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 47.7% 
   International Equity Funds 25.5% 
   Bond Funds 24.7% 
   Short-Term Funds 2.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2030 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/27/19 (a)   
(Cost $2,174,118) 2,180,000 2,174,206 
 Shares Value 
Domestic Equity Funds - 47.7%   
Fidelity Advisor Series Equity Growth Fund (b) 11,777,464 $164,060,070 
Fidelity Advisor Series Growth Opportunities Fund (b) 7,596,543 109,846,006 
Fidelity Advisor Series Small Cap Fund (b) 7,052,864 73,914,014 
Fidelity Series All-Sector Equity Fund (b) 7,523,395 72,450,297 
Fidelity Series Commodity Strategy Fund (b) 14,443,425 68,895,139 
Fidelity Series Large Cap Stock Fund (b) 19,300,649 282,754,506 
Fidelity Series Large Cap Value Index Fund (b) 2,530,674 31,405,664 
Fidelity Series Opportunistic Insights Fund (b) 8,746,690 152,892,141 
Fidelity Series Small Cap Opportunities Fund (b) 7,102,270 95,596,558 
Fidelity Series Stock Selector Large Cap Value Fund (b) 15,650,297 184,673,503 
Fidelity Series Value Discovery Fund (b) 14,536,166 181,556,710 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,209,629,007)  1,418,044,608 
International Equity Funds - 25.5%   
Fidelity Series Canada Fund (b) 2,214,626 22,832,798 
Fidelity Series Emerging Markets Fund (b) 2,504,607 24,520,099 
Fidelity Series Emerging Markets Opportunities Fund (b) 12,514,253 231,889,100 
Fidelity Series International Growth Fund (b) 14,357,694 218,093,372 
Fidelity Series International Small Cap Fund(b) 3,279,454 50,929,926 
Fidelity Series International Value Fund (b) 22,511,679 209,358,613 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $634,137,204)  757,623,908 
Bond Funds - 24.7%   
Fidelity Series Emerging Markets Debt Fund (b) 2,068,284 19,834,842 
Fidelity Series Floating Rate High Income Fund (b) 420,127 3,894,582 
Fidelity Series High Income Fund (b) 2,818,262 26,491,659 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,223,474 41,305,577 
Fidelity Series International Credit Fund (b) 156,678 1,549,545 
Fidelity Series Investment Grade Bond Fund (b) 40,897,109 457,229,674 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 19,287,649 171,081,450 
Fidelity Series Real Estate Income Fund (b) 1,270,509 13,861,248 
TOTAL BOND FUNDS   
(Cost $729,076,769)  735,248,577 
Short-Term Funds - 2.1%   
Fidelity Cash Central Fund, 2.48% (c) 12,883,858 12,886,435 
Fidelity Series Government Money Market Fund 2.50% (b)(d) 39,180,732 39,180,732 
Fidelity Series Short-Term Credit Fund (b) 982,906 9,799,575 
TOTAL SHORT-TERM FUNDS   
(Cost $61,808,079)  61,866,742 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,636,825,177)  2,974,958,041 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,529,012) 
NET ASSETS - 100%  $2,972,429,029 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 14 June 2019 $2,983,313 $12,997 $12,997 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 47 June 2019 5,443,922 61,445 61,445 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  41 June 2019 5,092,969 91,951  91,951 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,197,250 41,983 41,983 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,008,000 50,167 50,167 
TOTAL PURCHASED     258,543 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 99 June 2019 14,047,110 (425,177) (425,177) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 176 June 2019 9,305,120 (173,505) (173,505) 
TOTAL SOLD     (598,682) 
TOTAL FUTURES CONTRACTS     $(340,139) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.8%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,174,206.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $96,114 
Total $96,114 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $160,105,288 $20,981,153 $24,829,843 $12,320,933 $1,568,468 $6,235,004 $164,060,070 
Fidelity Advisor Series Equity Value Fund 184,673,886 10,441,310 8,856,983 6,157,241 50,846 (29,651,736) -- 
Fidelity Advisor Series Growth & Income Fund 282,815,807 31,809,428 19,123,670 25,142,533 717,692 (46,871,778) -- 
Fidelity Advisor Series Growth Opportunities Fund 105,130,031 25,284,201 37,844,420 19,584,082 9,219,789 8,056,405 109,846,006 
Fidelity Advisor Series Opportunistic Insights Fund 148,960,609 15,259,899 11,514,929 11,765,598 826,448 (59,487,019) -- 
Fidelity Advisor Series Small Cap Fund 80,158,042 11,153,325 9,778,067 6,930,774 (85,997) (7,533,289) 73,914,014 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 186,438,157 19,697,823 8,899,129 15,628,608 18,504 (29,303,322) -- 
Fidelity Series 100 Index Fund 79,553,910 -- 83,647,945 -- 32,125,583 (28,031,548) -- 
Fidelity Series All-Sector Equity Fund 109,869,027 22,833,784 51,392,833 17,765,703 8,649,569 (17,509,250) 72,450,297 
Fidelity Series Canada Fund 22,113,942 3,379,190 3,075,123 499,953 11,748 403,041 22,832,798 
Fidelity Series Commodity Strategy Fund 63,089,625 24,285,786 10,511,923 4,176,032 (3,963,667) (4,004,682) 68,895,139 
Fidelity Series Emerging Markets Debt Fund 20,524,216 2,134,985 1,827,769 1,199,581 (29,202) (967,388) 19,834,842 
Fidelity Series Emerging Markets Fund -- 24,227,929 1,081,531 96,157 (4,506) 1,378,207 24,520,099 
Fidelity Series Emerging Markets Opportunities Fund 229,181,656 58,236,990 20,826,943 17,945,698 (452,782) (34,249,821) 231,889,100 
Fidelity Series Floating Rate High Income Fund 6,775,351 675,926 3,422,148 358,095 (194,132) 59,585 3,894,582 
Fidelity Series Government Money Market Fund 2.50% 43,596,913 41,998,355 46,414,536 1,039,073 -- -- 39,180,732 
Fidelity Series High Income Fund 42,436,867 4,514,211 19,967,431 2,543,187 (1,003,141) 511,153 26,491,659 
Fidelity Series Inflation-Protected Bond Index Fund 23,288,678 29,959,667 12,260,034 462,375 (196,854) 514,120 41,305,577 
Fidelity Series International Credit Fund 1,478,474 74,938 -- 74,938 -- (3,867) 1,549,545 
Fidelity Series International Growth Fund 223,420,738 38,258,584 32,135,451 13,979,311 1,176,614 (12,627,113) 218,093,372 
Fidelity Series International Small Cap Fund 55,748,352 10,170,223 6,247,727 4,708,950 217,961 (8,958,883) 50,929,926 
Fidelity Series International Value Fund 225,385,847 31,976,655 21,479,842 7,648,601 (419,410) (26,104,637) 209,358,613 
Fidelity Series Investment Grade Bond Fund 465,066,009 72,408,369 86,152,146 14,625,085 (1,914,333) 7,821,775 457,229,674 
Fidelity Series Large Cap Stock Fund -- 20,064,703 15,757,580 11,500,218 (721,010) 29,820,914 282,754,506 
Fidelity Series Large Cap Value Index Fund 31,129,323 3,107,536 3,160,370 1,463,286 23,468 305,707 31,405,664 
Fidelity Series Long-Term Treasury Bond Index Fund 65,647,248 126,301,617 27,301,548 4,216,526 (812,728) 7,246,861 171,081,450 
Fidelity Series Opportunistic Insights Fund -- 18,596,100 9,258,530 12,559,234 (420,188) 49,929,751 152,892,141 
Fidelity Series Real Estate Equity Fund 19,318,083 264 19,796,788 154 1,704,398 (1,225,957) -- 
Fidelity Series Real Estate Income Fund 13,306,628 1,724,471 1,424,811 992,350 (10,439) 265,399 13,861,248 
Fidelity Series Short-Term Credit Fund 8,273,138 4,987,660 3,597,506 258,432 (1,945) 138,228 9,799,575 
Fidelity Series Small Cap Opportunities Fund 97,802,834 16,371,889 13,546,786 11,141,279 826,832 (5,858,211) 95,596,558 
Fidelity Series Stock Selector Large Cap Value Fund -- 21,595,064 11,215,242 15,772,294 (1,031,557) 7,373,205 184,673,503 
Fidelity Series Value Discovery Fund -- 16,565,042 9,969,444 11,060,754 (483,046) 18,786,835 181,556,710 
 $2,995,288,679 $729,077,077 $636,319,028 $253,617,035 $45,392,983 $(173,542,311) $2,959,897,400 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $2,174,206 $-- $2,174,206 $-- 
Domestic Equity Funds 1,418,044,608 1,418,044,608 -- -- 
International Equity Funds 757,623,908 757,623,908 -- -- 
Bond Funds 735,248,577 735,248,577 -- -- 
Short-Term Funds 61,866,742 61,866,742 -- -- 
Total Investments in Securities: $2,974,958,041 $2,972,783,835 $2,174,206 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $258,543 $258,543 $-- $-- 
Total Assets $258,543 $258,543 $-- $-- 
Liabilities     
Futures Contracts $(598,682) $(598,682) $-- $-- 
Total Liabilities $(598,682) $(598,682) $-- $-- 
Total Derivative Instruments: $(340,139) $(340,139) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(598,682) 
Total Equity Risk (598,682) 
Interest Rate Risk   
Futures Contracts(a) 258,543 
Total Interest Rate Risk 258,543 
Total Value of Derivatives $258,543 $(598,682) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,174,118) 
$2,174,206  
Fidelity Central Funds (cost $12,886,382) 12,886,435  
Other affiliated issuers (cost $2,621,764,677) 2,959,897,400  
Total Investment in Securities (cost $2,636,825,177)  $2,974,958,041 
Receivable for investments sold  34,285,685 
Receivable for fund shares sold  2,307,501 
Distributions receivable from Fidelity Central Funds  25,608 
Other receivables  
Total assets  3,011,576,837 
Liabilities   
Payable for investments purchased $27,680,626  
Payable for fund shares redeemed 8,911,756  
Accrued management fee 1,698,300  
Distribution and service plan fees payable 516,636  
Payable for daily variation margin on futures contracts 340,490  
Total liabilities  39,147,808 
Net Assets  $2,972,429,029 
Net Assets consist of:   
Paid in capital  $2,522,119,329 
Total distributable earnings (loss)  450,309,700 
Net Assets  $2,972,429,029 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,279,896,027 ÷ 91,385,922 shares)  $14.01 
Maximum offering price per share (100/94.25 of $14.01)  $14.86 
Class M:   
Net Asset Value and redemption price per share ($453,916,641 ÷ 32,584,543 shares)  $13.93 
Maximum offering price per share (100/96.50 of $13.93)  $14.44 
Class C:   
Net Asset Value and offering price per share ($66,504,608 ÷ 4,836,120 shares)(a)  $13.75 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,108,683,987 ÷ 78,693,474 shares)  $14.09 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,947,654 ÷ 210,091 shares)  $14.03 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($60,480,112 ÷ 4,304,048 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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $74,217,022 
Interest  29,070 
Income from Fidelity Central Funds  96,114 
Total income  74,342,206 
Expenses   
Management fee $20,391,005  
Distribution and service plan fees 6,421,985  
Independent trustees' fees and expenses 13,972  
Total expenses before reductions 26,826,962  
Expense reductions (197)  
Total expenses after reductions  26,826,765 
Net investment income (loss)  47,515,441 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 6,979  
Fidelity Central Funds (120)  
Other affiliated issuers 45,392,983  
Futures contracts 1,101,269  
Capital gain distributions from underlying funds:   
Affiliated issuers 179,400,013  
Total net realized gain (loss)  225,901,124 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 101  
Fidelity Central Funds 53  
Other affiliated issuers (173,542,311)  
Futures contracts (340,139)  
Total change in net unrealized appreciation (depreciation)  (173,882,296) 
Net gain (loss)  52,018,828 
Net increase (decrease) in net assets resulting from operations  $99,534,269 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $47,515,441 $29,589,232 
Net realized gain (loss) 225,901,124 206,631,223 
Change in net unrealized appreciation (depreciation) (173,882,296) 87,525,917 
Net increase (decrease) in net assets resulting from operations 99,534,269 323,746,372 
Distributions to shareholders (274,553,385) – 
Distributions to shareholders from net investment income – (32,430,120) 
Distributions to shareholders from net realized gain – (127,678,746) 
Total distributions (274,553,385) (160,108,866) 
Share transactions - net increase (decrease) 154,113,608 6,442,311 
Total increase (decrease) in net assets (20,905,508) 170,079,817 
Net Assets   
Beginning of period 2,993,334,537 2,823,254,720 
End of period $2,972,429,029 $2,993,334,537 
Other Information   
Undistributed net investment income end of period  $322 

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


Financial Highlights

Fidelity Advisor Freedom 2030 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.95 $14.12 $12.99 $14.13 $14.15 
Income from Investment Operations      
Net investment income (loss)A .23 .15 .18 .19 .20 
Net realized and unrealized gain (loss) .19 1.50 1.57 (.64) .70 
Total from investment operations .42 1.65 1.75 (.45) .90 
Distributions from net investment income (.24) (.16) (.18) (.19) (.21) 
Distributions from net realized gain (1.13) (.66) (.44) (.50) (.71) 
Total distributions (1.36)B (.82) (.62) (.69) (.92) 
Net asset value, end of period $14.01 $14.95 $14.12 $12.99 $14.13 
Total ReturnC,D 3.43% 11.80% 14.02% (3.36)% 6.54% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .94%G .84% .25% .25% .25% 
Expenses net of fee waivers, if any .94%G .84% .25% .25% .25% 
Expenses net of all reductions .94%G .84% .25% .25% .25% 
Net investment income (loss) 1.57% .99% 1.34% 1.39% 1.42% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,279,896 $1,374,112 $1,414,388 $1,409,909 $1,704,036 
Portfolio turnover rateF 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.36 per share is comprised of distributions from net investment income of $.235 and distributions from net realized gain of $1.127 per share.

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

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


Fidelity Advisor Freedom 2030 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.88 $14.06 $12.94 $14.09 $14.10 
Income from Investment Operations      
Net investment income (loss)A .19 .11 .15 .15 .17 
Net realized and unrealized gain (loss) .19 1.50 1.56 (.64) .71 
Total from investment operations .38 1.61 1.71 (.49) .88 
Distributions from net investment income (.21) (.13) (.15) (.16) (.18) 
Distributions from net realized gain (1.12) (.66) (.44) (.50) (.71) 
Total distributions (1.33) (.79) (.59) (.66) (.89) 
Net asset value, end of period $13.93 $14.88 $14.06 $12.94 $14.09 
Total ReturnB,C 3.12% 11.53% 13.74% (3.67)% 6.37% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.19%F 1.09% .50% .50% .50% 
Expenses net of fee waivers, if any 1.19%F 1.09% .50% .50% .50% 
Expenses net of all reductions 1.19%F 1.09% .50% .50% .50% 
Net investment income (loss) 1.32% .74% 1.09% 1.14% 1.17% 
Supplemental Data      
Net assets, end of period (000 omitted) $453,917 $452,750 $442,505 $423,312 $453,137 
Portfolio turnover rateE 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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

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


Fidelity Advisor Freedom 2030 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.71 $13.92 $12.83 $13.97 $14.00 
Income from Investment Operations      
Net investment income (loss)A .12 .03 .08 .08 .09 
Net realized and unrealized gain (loss) .18 1.48 1.55 (.63) .70 
Total from investment operations .30 1.51 1.63 (.55) .79 
Distributions from net investment income (.15) (.07) (.10) (.11) (.12) 
Distributions from net realized gain (1.11) (.65) (.44) (.48) (.70) 
Total distributions (1.26) (.72) (.54) (.59) (.82) 
Net asset value, end of period $13.75 $14.71 $13.92 $12.83 $13.97 
Total ReturnB,C 2.57% 10.97% 13.21% (4.10)% 5.76% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.69%F 1.59% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.69%F 1.59% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.69%F 1.59% 1.00% 1.00% 1.00% 
Net investment income (loss) .82% .24% .59% .64% .67% 
Supplemental Data      
Net assets, end of period (000 omitted) $66,505 $96,199 $94,517 $87,691 $91,154 
Portfolio turnover rateE 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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

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


Fidelity Advisor Freedom 2030 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.04 $14.21 $13.06 $14.21 $14.22 
Income from Investment Operations      
Net investment income (loss)A .26 .18 .21 .22 .24 
Net realized and unrealized gain (loss) .19 1.51 1.59 (.65) .71 
Total from investment operations .45 1.69 1.80 (.43) .95 
Distributions from net investment income (.27) (.21) (.21) (.23) (.25) 
Distributions from net realized gain (1.14) (.66) (.44) (.50) (.71) 
Total distributions (1.40)B (.86)C (.65) (.72)D (.96) 
Net asset value, end of period $14.09 $15.04 $14.21 $13.06 $14.21 
Total ReturnE 3.65% 12.04% 14.38% (3.16)% 6.85% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .69%H .60% –%I –%I –%I 
Expenses net of fee waivers, if any .69%H .60% -% -% -% 
Expenses net of all reductions .69%H .60% -% -% -% 
Net investment income (loss) 1.82% 1.23% 1.59% 1.64% 1.67% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,108,684 $1,043,420 $871,845 $861,408 $919,561 
Portfolio turnover rateG 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.40 per share is comprised of distributions from net investment income of $.266 and distributions from net realized gain of $1.137 per share.

 C Total distributions of $.86 per share is comprised of distributions from net investment income of $.205 and distributions from net realized gain of $.656 per share.

 D 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.

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

 I Amount represents less than .005%.

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


Fidelity Advisor Freedom 2030 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.99 
Income from Investment Operations  
Net investment income (loss)B .04 
Net realized and unrealized gain (loss) (.15)C 
Total from investment operations (.11) 
Distributions from net investment income (.33) 
Distributions from net realized gain (.53) 
Total distributions (.85)D 
Net asset value, end of period $14.03 
Total ReturnE,F (.09)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .60%I 
Expenses net of fee waivers, if any .60%I 
Expenses net of all reductions .60%I 
Net investment income (loss) .65%I 
Supplemental Data  
Net assets, end of period (000 omitted) $2,948 
Portfolio turnover rateH 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.85 per share is comprised of distributions from net investment income of $.327 and distributions from net realized gain of $.527 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 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 2030 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.03 $14.53 
Income from Investment Operations   
Net investment income (loss)B .29 .16 
Net realized and unrealized gain (loss) .19 .99 
Total from investment operations .48 1.15 
Distributions from net investment income (.30) (.23) 
Distributions from net realized gain (1.15) (.42) 
Total distributions (1.46)C (.65) 
Net asset value, end of period $14.05 $15.03 
Total ReturnD,E 3.84% 7.90% 
Ratios to Average Net AssetsF   
Expenses before reductions .47% .49%G,H 
Expenses net of fee waivers, if any .47% .49%G,H 
Expenses net of all reductions .47% .49%G,H 
Net investment income (loss) 2.05% 1.29%G 
Supplemental Data   
Net assets, end of period (000 omitted) $60,480 $26,854 
Portfolio turnover rateI 22% 25% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.46 per share is comprised of distributions from net investment income of $.301 and distributions from net realized gain of $1.154 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 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 Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.4 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.8 
Fidelity Series International Value Fund 8.3 
Fidelity Series Stock Selector Large Cap Value Fund 7.4 
Fidelity Series Value Discovery Fund 7.2 
Fidelity Advisor Series Equity Growth Fund 6.8 
Fidelity Series Opportunistic Insights Fund 6.3 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Advisor Series Growth Opportunities Fund 4.7 
 75.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.4% 
   International Equity Funds 29.7% 
   Bond Funds 10.9% 
   Short-Term Funds 2.0% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2035 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% to 2.43% 4/4/19 to 6/20/19 (a)   
(Cost $1,408,095) 1,410,000 1,408,123 
 Shares Value 
Domestic Equity Funds - 57.4%   
Fidelity Advisor Series Equity Growth Fund (b) 11,715,657 $163,199,101 
Fidelity Advisor Series Growth Opportunities Fund (b) 7,825,441 113,155,881 
Fidelity Advisor Series Small Cap Fund (b) 7,000,384 73,364,029 
Fidelity Series All-Sector Equity Fund (b) 7,494,061 72,167,804 
Fidelity Series Commodity Strategy Fund (b) 11,581,469 55,243,606 
Fidelity Series Large Cap Stock Fund (b) 18,606,552 272,585,994 
Fidelity Series Large Cap Value Index Fund (b) 2,383,763 29,582,499 
Fidelity Series Opportunistic Insights Fund (b) 8,670,933 151,567,911 
Fidelity Series Small Cap Opportunities Fund (b) 6,971,264 93,833,213 
Fidelity Series Stock Selector Large Cap Value Fund (b) 14,989,740 176,878,931 
Fidelity Series Value Discovery Fund (b) 13,824,590 172,669,131 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,190,175,942)  1,374,248,100 
International Equity Funds - 29.7%   
Fidelity Series Canada Fund (b) 2,097,758 21,627,882 
Fidelity Series Emerging Markets Fund (b) 2,293,812 22,456,421 
Fidelity Series Emerging Markets Opportunities Fund (b) 11,316,372 209,692,371 
Fidelity Series International Growth Fund (b) 13,766,043 209,106,186 
Fidelity Series International Small Cap Fund (b) 3,128,103 48,579,447 
Fidelity Series International Value Fund (b) 21,340,129 198,463,196 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $604,574,979)  709,925,503 
Bond Funds - 10.9%   
Fidelity Series Emerging Markets Debt Fund (b) 1,598,433 15,328,974 
Fidelity Series Floating Rate High Income Fund (b) 319,182 2,958,818 
Fidelity Series High Income Fund (b) 2,238,470 21,041,620 
Fidelity Series Inflation-Protected Bond Index Fund (b) 709,151 6,935,494 
Fidelity Series International Credit Fund (b) 123,676 1,223,153 
Fidelity Series Investment Grade Bond Fund (b) 5,824,746 65,120,663 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 15,510,395 137,577,206 
Fidelity Series Real Estate Income Fund (b) 1,002,834 10,940,922 
TOTAL BOND FUNDS   
(Cost $256,090,361)  261,126,850 
Short-Term Funds - 2.0%   
Fidelity Cash Central Fund, 2.48% (c) 8,287,362 8,289,020 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 31,508,841 31,508,841 
Fidelity Series Short-Term Credit Fund (b) 790,419 7,880,473 
TOTAL SHORT-TERM FUNDS   
(Cost $47,625,949)  47,678,334 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,099,875,326)  2,394,386,910 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,050,559) 
NET ASSETS - 100%  $2,392,336,351 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) 13 June 2019 $2,770,219 $12,069 $12,069 
CBOT 5-Year U.S. Treasury Note Contracts (United States) 31 June 2019 3,590,672 40,867 40,867 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  20 June 2019 2,484,375 46,208 46,208 
CBOT Long Term U.S. Treasury Bond Contracts (United States) 11 June 2019 1,646,219 57,726 57,726 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) 12 June 2019 2,016,000 100,333 100,333 
TOTAL PURCHASED     257,203 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 96 June 2019 13,621,440 (412,293) (412,293) 
ICE E-mini MSCI EAFE Index Contracts (United States) June 2019 373,280 (7,889) (7,889) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 130 June 2019 6,873,100 (128,158) (128,158) 
TOTAL SOLD     (548,340) 
TOTAL FUTURES CONTRACTS     $(291,137) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.9%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,408,123.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $67,897 
Total $67,897 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $150,443,525 $24,316,907 $18,709,140 $12,083,271 $807,701 $6,340,108 $163,199,101 
Fidelity Advisor Series Equity Value Fund 173,506,004 10,161,919 8,970,094 5,777,955 19,833 (24,184,445) -- 
Fidelity Advisor Series Growth & Income Fund 265,948,888 30,860,979 13,869,397 24,005,982 268,512 (40,994,581) -- 
Fidelity Advisor Series Growth Opportunities Fund 98,717,003 25,573,692 27,298,409 18,992,449 5,288,849 10,874,746 113,155,881 
Fidelity Advisor Series Opportunistic Insights Fund 139,796,668 14,890,529 7,734,189 11,306,712 438,538 (53,339,875) -- 
Fidelity Advisor Series Small Cap Fund 75,222,187 13,679,822 8,001,771 6,863,984 (114,087) (7,422,122) 73,364,029 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 175,247,506 18,975,974 8,963,165 14,681,290 (37,770) (24,040,272) -- 
Fidelity Series 100 Index Fund 74,585,869 -- 79,175,002 -- 32,848,617 (28,259,484) -- 
Fidelity Series All-Sector Equity Fund 103,183,521 24,321,000 46,276,115 17,630,363 4,963,290 (14,023,892) 72,167,804 
Fidelity Series Canada Fund 20,489,780 3,176,876 2,391,074 471,010 (4,626) 356,926 21,627,882 
Fidelity Series Commodity Strategy Fund 49,722,217 21,259,763 9,217,965 3,387,398 (3,583,115) (2,937,294) 55,243,606 
Fidelity Series Emerging Markets Debt Fund 15,939,875 1,822,882 1,664,434 923,339 (26,638) (742,711) 15,328,974 
Fidelity Series Emerging Markets Fund -- 22,534,323 962,286 87,750 (7,703) 892,087 22,456,421 
Fidelity Series Emerging Markets Opportunities Fund 214,011,029 57,638,397 30,075,710 16,175,558 795,285 (32,676,630) 209,692,371 
Fidelity Series Floating Rate High Income Fund 5,296,327 569,012 2,807,751 275,663 (149,643) 50,873 2,958,818 
Fidelity Series Government Money Market Fund 2.50% 39,244,766 38,197,215 45,933,140 841,805 -- -- 31,508,841 
Fidelity Series High Income Fund 33,209,545 4,000,377 15,754,804 2,068,755 (751,107) 337,609 21,041,620 
Fidelity Series Inflation-Protected Bond Index Fund 18,823,072 1,868,232 13,907,397 144,118 (129,839) 281,426 6,935,494 
Fidelity Series International Credit Fund 1,167,052 59,153 -- 59,153 -- (3,052) 1,223,153 
Fidelity Series International Growth Fund 205,931,630 42,228,490 27,644,034 13,176,789 (433,879) (10,976,021) 209,106,186 
Fidelity Series International Small Cap Fund 51,382,631 11,371,484 5,789,112 4,444,531 (227,903) (8,157,653) 48,579,447 
Fidelity Series International Value Fund 208,848,910 35,697,656 20,831,022 7,224,698 (685,320) (24,567,028) 198,463,196 
Fidelity Series Investment Grade Bond Fund 67,616,932 38,006,918 41,094,204 1,726,973 (1,029,628) 1,620,645 65,120,663 
Fidelity Series Large Cap Stock Fund -- 21,722,333 15,383,191 11,033,142 (525,220) 24,557,671 272,585,994 
Fidelity Series Large Cap Value Index Fund 28,939,369 3,480,588 3,136,074 1,374,145 10,512 288,104 29,582,499 
Fidelity Series Long-Term Treasury Bond Index Fund 53,989,913 102,653,184 24,219,468 3,392,047 (873,078) 6,026,655 137,577,206 
Fidelity Series Opportunistic Insights Fund -- 21,666,110 7,926,724 12,312,749 (553,238) 44,330,092 151,567,911 
Fidelity Series Real Estate Equity Fund 18,057,338 -- 18,571,957 -- 1,255,944 (741,325) -- 
Fidelity Series Real Estate Income Fund 10,443,233 1,485,204 1,187,444 779,629 (1,161) 201,090 10,940,922 
Fidelity Series Short-Term Credit Fund 6,886,600 5,280,991 4,390,540 222,221 (14,861) 118,283 7,880,473 
Fidelity Series Small Cap Opportunities Fund 91,742,421 17,332,250 9,969,880 10,816,177 79,043 (5,350,621) 93,833,213 
Fidelity Series Stock Selector Large Cap Value Fund -- 23,235,754 9,919,145 15,003,114 (800,912) 3,180,961 176,878,931 
Fidelity Series Value Discovery Fund -- 18,430,338 9,762,038 10,485,618 (267,758) 13,735,372 172,669,131 
 $2,398,393,811 $656,498,352 $541,536,676 $227,768,388 $36,558,638 $(165,224,358) $2,384,689,767 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,408,123 $-- $1,408,123 $-- 
Domestic Equity Funds 1,374,248,100 1,374,248,100 -- -- 
International Equity Funds 709,925,503 709,925,503 -- -- 
Bond Funds 261,126,850 261,126,850 -- -- 
Short-Term Funds 47,678,334 47,678,334 -- -- 
Total Investments in Securities: $2,394,386,910 $2,392,978,787 $1,408,123 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $257,203 $257,203 $-- $-- 
Total Assets $257,203 $257,203 $-- $-- 
Liabilities     
Futures Contracts $(548,340) $(548,340) $-- $-- 
Total Liabilities $(548,340) $(548,340) $-- $-- 
Total Derivative Instruments: $(291,137) $(291,137) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(548,340) 
Total Equity Risk (548,340) 
Interest Rate Risk   
Futures Contracts(a) 257,203 
Total Interest Rate Risk 257,203 
Total Value of Derivatives $257,203 $(548,340) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,408,095) 
$1,408,123  
Fidelity Central Funds (cost $8,288,960) 8,289,020  
Other affiliated issuers (cost $2,090,178,271) 2,384,689,767  
Total Investment in Securities (cost $2,099,875,326)  $2,394,386,910 
Receivable for investments sold  17,899,572 
Receivable for fund shares sold  2,393,543 
Distributions receivable from Fidelity Central Funds  16,170 
Total assets  2,414,696,195 
Liabilities   
Payable for investments purchased $16,571,005  
Payable for fund shares redeemed 3,720,776  
Accrued management fee 1,445,833  
Distribution and service plan fees payable 405,424  
Payable for daily variation margin on futures contracts 216,806  
Total liabilities  22,359,844 
Net Assets  $2,392,336,351 
Net Assets consist of:   
Paid in capital  $1,996,442,955 
Total distributable earnings (loss)  395,893,396 
Net Assets  $2,392,336,351 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,026,415,550 ÷ 75,566,414 shares)  $13.58 
Maximum offering price per share (100/94.25 of $13.58)  $14.41 
Class M:   
Net Asset Value and redemption price per share ($366,073,915 ÷ 27,231,015 shares)  $13.44 
Maximum offering price per share (100/96.50 of $13.44)  $13.93 
Class C:   
Net Asset Value and offering price per share ($44,302,445 ÷ 3,356,045 shares)(a)  $13.20 
Class I:   
Net Asset Value, offering price and redemption price per share ($907,368,743 ÷ 66,282,331 shares)  $13.69 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,820,795 ÷ 207,025 shares)  $13.63 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($45,354,903 ÷ 3,317,397 shares)  $13.67 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $56,428,973 
Interest  24,838 
Income from Fidelity Central Funds  67,897 
Total income  56,521,708 
Expenses   
Management fee $17,340,983  
Distribution and service plan fees 5,003,389  
Independent trustees' fees and expenses 11,205  
Total expenses before reductions 22,355,577  
Expense reductions (46)  
Total expenses after reductions  22,355,531 
Net investment income (loss)  34,166,177 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 6,480  
Fidelity Central Funds (75)  
Other affiliated issuers 36,558,638  
Futures contracts (599,627)  
Capital gain distributions from underlying funds:   
Affiliated issuers 171,339,415  
Total net realized gain (loss)  207,304,831 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 28  
Fidelity Central Funds 60  
Other affiliated issuers (165,224,358)  
Futures contracts (291,137)  
Total change in net unrealized appreciation (depreciation)  (165,515,407) 
Net gain (loss)  41,789,424 
Net increase (decrease) in net assets resulting from operations  $75,955,601 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $34,166,177 $19,282,132 
Net realized gain (loss) 207,304,831 167,323,622 
Change in net unrealized appreciation (depreciation) (165,515,407) 99,438,855 
Net increase (decrease) in net assets resulting from operations 75,955,601 286,044,609 
Distributions to shareholders (237,149,030) – 
Distributions to shareholders from net investment income – (22,868,765) 
Distributions to shareholders from net realized gain – (96,748,987) 
Total distributions (237,149,030) (119,617,752) 
Share transactions - net increase (decrease) 157,081,350 25,065,653 
Total increase (decrease) in net assets (4,112,079) 191,492,510 
Net Assets   
Beginning of period 2,396,448,430 2,204,955,920 
End of period $2,392,336,351 $2,396,448,430 
Other Information   
Distributions in excess of net investment income end of period  $(877,686) 

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


Financial Highlights

Fidelity Advisor Freedom 2035 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.65 $13.61 $12.37 $13.51 $13.54 
Income from Investment Operations      
Net investment income (loss)A .20 .12 .16 .16 .19 
Net realized and unrealized gain (loss) .16 1.67 1.68 (.66) .71 
Total from investment operations .36 1.79 1.84 (.50) .90 
Distributions from net investment income (.22) (.14) (.16) (.17) (.19) 
Distributions from net realized gain (1.22) (.61) (.44) (.47) (.73) 
Total distributions (1.43)B (.75) (.60) (.64) (.93)C 
Net asset value, end of period $13.58 $14.65 $13.61 $12.37 $13.51 
Total ReturnD,E 3.19% 13.26% 15.51% (3.92)% 6.81% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .99% .87% .25% .25% .25% 
Expenses net of fee waivers, if any .99% .87% .25% .25% .25% 
Expenses net of all reductions .99% .87% .25% .25% .25% 
Net investment income (loss) 1.40% .80% 1.22% 1.28% 1.36% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,026,416 $1,082,982 $1,117,175 $1,094,459 $1,313,452 
Portfolio turnover rateF 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.43 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $1.218 per share.

 C 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.

 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.

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


Fidelity Advisor Freedom 2035 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.53 $13.51 $12.29 $13.42 $13.46 
Income from Investment Operations      
Net investment income (loss)A .16 .08 .12 .13 .15 
Net realized and unrealized gain (loss) .16 1.66 1.68 (.65) .71 
Total from investment operations .32 1.74 1.80 (.52) .86 
Distributions from net investment income (.19) (.12) (.14) (.14) (.16) 
Distributions from net realized gain (1.22) (.60) (.44) (.46) (.73) 
Total distributions (1.41) (.72) (.58) (.61)B (.90)C 
Net asset value, end of period $13.44 $14.53 $13.51 $12.29 $13.42 
Total ReturnD,E 2.89% 12.98% 15.24% (4.08)% 6.52% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.24% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.24% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.24% 1.13% .50% .50% .50% 
Net investment income (loss) 1.15% .55% .97% 1.03% 1.11% 
Supplemental Data      
Net assets, end of period (000 omitted) $366,074 $364,455 $336,939 $299,952 $303,711 
Portfolio turnover rateF 23% 23% 18% 22% 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 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.

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


Fidelity Advisor Freedom 2035 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.29 $13.32 $12.14 $13.27 $13.32 
Income from Investment Operations      
Net investment income (loss)A .09 .01 .06 .07 .08 
Net realized and unrealized gain (loss) .17 1.62 1.65 (.65) .70 
Total from investment operations .26 1.63 1.71 (.58) .78 
Distributions from net investment income (.13) (.07) (.09) (.10) (.11) 
Distributions from net realized gain (1.22) (.60) (.44) (.45) (.72) 
Total distributions (1.35) (.66)B (.53) (.55) (.83) 
Net asset value, end of period $13.20 $14.29 $13.32 $12.14 $13.27 
Total ReturnC,D 2.39% 12.40% 14.69% (4.58)% 6.01% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.73%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.73%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.73%G 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) .65% .05% .47% .53% .61% 
Supplemental Data      
Net assets, end of period (000 omitted) $44,302 $65,519 $61,581 $54,813 $56,318 
Portfolio turnover rateE 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.66 per share is comprised of distributions from net investment income of $.066 and distributions from net realized gain of $.598 per share.

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

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


Fidelity Advisor Freedom 2035 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.75 $13.71 $12.45 $13.59 $13.61 
Income from Investment Operations      
Net investment income (loss)A .23 .15 .19 .20 .22 
Net realized and unrealized gain (loss) .17 1.68 1.70 (.67) .72 
Total from investment operations .40 1.83 1.89 (.47) .94 
Distributions from net investment income (.25) (.17) (.19) (.20) (.23) 
Distributions from net realized gain (1.22) (.62) (.44) (.47) (.73) 
Total distributions (1.46)B (.79) (.63) (.67) (.96) 
Net asset value, end of period $13.69 $14.75 $13.71 $12.45 $13.59 
Total ReturnC 3.47% 13.50% 15.79% (3.63)% 7.11% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .74% .64% - %F - %F - %F 
Expenses net of fee waivers, if any .74% .64% -% -% -% 
Expenses net of all reductions .74% .64% -% -% -% 
Net investment income (loss) 1.65% 1.04% 1.47% 1.53% 1.61% 
Supplemental Data      
Net assets, end of period (000 omitted) $907,369 $867,707 $689,261 $684,976 $710,667 
Portfolio turnover rateD 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.46 per share is comprised of distributions from net investment income of $.245 and distributions from net realized gain of $1.218 per share.

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2035 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.78 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) (.32)C 
Total from investment operations (.25) 
Distributions from net investment income (.31) 
Distributions from net realized gain (.59) 
Total distributions (.90) 
Net asset value, end of period $13.63 
Total ReturnD,E (.96)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .63%H,I 
Expenses net of fee waivers, if any .63%H,I 
Expenses net of all reductions .63%H,I 
Net investment income (loss) 1.01%H 
Supplemental Data  
Net assets, end of period (000 omitted) $2,821 
Portfolio turnover rateF 23% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2035 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $14.75 $14.07 
Income from Investment Operations   
Net investment income (loss)B .26 .12 
Net realized and unrealized gain (loss) .16 1.15 
Total from investment operations .42 1.27 
Distributions from net investment income (.29) (.22) 
Distributions from net realized gain (1.22) (.38) 
Total distributions (1.50)C (.59)D 
Net asset value, end of period $13.67 $14.75 
Total ReturnE,F 3.65% 9.03% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .49% .51%I,J 
Expenses net of fee waivers, if any .49% .51%I,J 
Expenses net of all reductions .49% .51%I,J 
Net investment income (loss) 1.90% .97%I 
Supplemental Data   
Net assets, end of period (000 omitted) $45,355 $15,784 
Portfolio turnover rateG 23% 23% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.50 per share is comprised of distributions from net investment income of $.285 and distributions from net realized gain of $1.218 per share.

 D Total distributions of $.59 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $.378 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 12.0 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 7.8 
Fidelity Series Value Discovery Fund 7.6 
Fidelity Advisor Series Equity Growth Fund 7.2 
Fidelity Series Opportunistic Insights Fund 6.7 
Fidelity Advisor Series Growth Opportunities Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 4.1 
 77.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2040 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $829,837) 830,000 829,837 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Advisor Series Equity Growth Fund (b) 11,218,868 $156,278,837 
Fidelity Advisor Series Growth Opportunities Fund (b) 7,927,463 114,631,108 
Fidelity Advisor Series Small Cap Fund (b) 6,673,390 69,937,130 
Fidelity Series All-Sector Equity Fund (b) 7,522,137 72,438,183 
Fidelity Series Commodity Strategy Fund (b) 11,311,894 53,957,733 
Fidelity Series Large Cap Stock Fund (b) 17,716,344 259,544,447 
Fidelity Series Large Cap Value Index Fund (b) 2,286,685 28,377,759 
Fidelity Series Opportunistic Insights Fund (b) 8,301,409 145,108,638 
Fidelity Series Small Cap Opportunities Fund (b) 6,657,060 89,604,022 
Fidelity Series Stock Selector Large Cap Value Fund (b) 14,378,321 169,664,183 
Fidelity Series Value Discovery Fund (b) 13,268,623 165,725,099 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,154,450,638)  1,325,267,139 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 1,979,225 20,405,806 
Fidelity Series Emerging Markets Fund (b) 2,162,472 21,170,601 
Fidelity Series Emerging Markets Opportunities Fund (b) 10,656,527 197,465,452 
Fidelity Series International Growth Fund (b) 13,317,390 202,291,154 
Fidelity Series International Small Cap Fund (b) 2,994,994 46,512,254 
Fidelity Series International Value Fund (b) 20,352,924 189,282,195 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $577,022,020)  677,127,462 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 1,467,824 14,076,429 
Fidelity Series Floating Rate High Income Fund (b) 289,730 2,685,794 
Fidelity Series High Income Fund (b) 2,445,406 22,986,815 
Fidelity Series Inflation-Protected Bond Index Fund (b) 644,638 6,304,555 
Fidelity Series International Credit Fund (b) 112,637 1,113,984 
Fidelity Series Investment Grade Bond Fund (b) 1,244,292 13,911,189 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 8,736,434 77,492,172 
Fidelity Series Real Estate Income Fund (b) 911,419 9,943,579 
TOTAL BOND FUNDS   
(Cost $146,642,004)  148,514,517 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 4,124,872 4,125,697 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 15,575,950 15,575,950 
Fidelity Series Short-Term Credit Fund (b) 426,595 4,253,155 
TOTAL SHORT-TERM FUNDS   
(Cost $23,944,176)  23,954,802 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,902,888,675)  2,175,693,757 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,776,837) 
NET ASSETS - 100%  $2,173,916,920 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $426,188 $1,857 $1,857 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 694,969 7,910 7,910 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  June 2019 496,875 9,242 9,242 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 598,625 20,991 20,991 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 1,008,000 50,166 50,166 
TOTAL PURCHASED     90,166 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 1,277,010 (1,278) (1,278) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 94 June 2019 4,969,780 (92,669) (92,669) 
TOTAL SOLD     (93,947) 
TOTAL FUTURES CONTRACTS     $(3,781) 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $500,901.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $51,737 
Total $51,737 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $140,682,362 $23,167,003 $14,221,469 $11,504,958 $447,770 $6,203,171 $156,278,837 
Fidelity Advisor Series Equity Value Fund 162,239,363 14,846,287 7,538,783 5,595,859 (57,730) (23,785,932) -- 
Fidelity Advisor Series Growth & Income Fund 248,668,633 33,284,766 11,706,552 22,620,220 188,101 (38,338,164) -- 
Fidelity Advisor Series Growth Opportunities Fund 92,316,051 23,983,824 16,876,686 18,050,431 2,405,857 12,802,062 114,631,108 
Fidelity Advisor Series Opportunistic Insights Fund 130,719,494 15,285,834 6,147,581 10,739,473 234,454 (50,881,217) -- 
Fidelity Advisor Series Small Cap Fund 70,269,615 13,827,824 7,104,472 6,503,254 (57,645) (6,998,192) 69,937,130 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 163,792,386 23,058,658 7,605,462 14,178,217 (65,106) (23,665,293) -- 
Fidelity Series 100 Index Fund 69,719,202 -- 75,057,597 -- 30,843,158 (25,504,763) -- 
Fidelity Series All-Sector Equity Fund 96,485,101 22,296,154 36,306,160 17,617,860 2,753,808 (12,790,720) 72,438,183 
Fidelity Series Canada Fund 19,115,913 3,163,106 2,185,297 447,291 (20,939) 333,023 20,405,806 
Fidelity Series Commodity Strategy Fund 45,218,312 22,851,448 8,080,476 3,168,180 (2,423,727) (3,607,824) 53,957,733 
Fidelity Series Emerging Markets Debt Fund 14,499,809 1,587,601 1,307,254 847,685 (20,972) (682,755) 14,076,429 
Fidelity Series Emerging Markets Fund -- 21,361,038 882,715 82,388 (6,889) 699,167 21,170,601 
Fidelity Series Emerging Markets Opportunities Fund 198,131,267 61,121,410 31,830,692 15,169,683 (321,326) (29,635,207) 197,465,452 
Fidelity Series Floating Rate High Income Fund 4,805,312 495,099 2,525,400 250,048 (134,880) 45,663 2,685,794 
Fidelity Series Government Money Market Fund 2.50% 35,343,924 32,442,231 52,210,205 546,854 -- -- 15,575,950 
Fidelity Series High Income Fund 30,392,696 3,454,938 10,490,734 1,873,823 (514,262) 144,177 22,986,815 
Fidelity Series Inflation-Protected Bond Index Fund 17,270,143 2,638,668 13,728,820 131,992 (131,367) 255,931 6,304,555 
Fidelity Series International Credit Fund 1,062,890 53,874 -- 53,873 -- (2,780) 1,113,984 
Fidelity Series International Growth Fund 192,586,304 42,324,122 21,910,348 12,496,695 (462,489) (10,246,435) 202,291,154 
Fidelity Series International Small Cap Fund 48,053,368 11,088,689 4,709,439 4,188,472 (94,519) (7,825,845) 46,512,254 
Fidelity Series International Value Fund 194,847,297 36,988,983 18,653,605 6,860,811 (464,586) (23,435,894) 189,282,195 
Fidelity Series Investment Grade Bond Fund 10,253,916 5,771,072 2,374,166 366,983 (33,774) 294,141 13,911,189 
Fidelity Series Large Cap Stock Fund -- 19,239,101 14,001,585 10,467,189 (748,835) 22,958,982 259,544,447 
Fidelity Series Large Cap Value Index Fund 27,203,330 3,695,691 2,817,771 1,313,502 15,972 280,537 28,377,759 
Fidelity Series Long-Term Treasury Bond Index Fund 48,736,296 54,641,835 28,812,758 2,114,412 (906,481) 3,833,280 77,492,172 
Fidelity Series Opportunistic Insights Fund -- 21,158,729 7,120,817 11,741,591 (503,514) 42,363,256 145,108,638 
Fidelity Series Real Estate Equity Fund 16,888,409 140,813 17,708,455 89,155 1,454,060 (774,827) -- 
Fidelity Series Real Estate Income Fund 9,492,141 1,286,850 1,018,967 707,662 (11,392) 194,947 9,943,579 
Fidelity Series Short-Term Credit Fund 6,224,937 1,173,408 3,203,332 154,820 (12,339) 70,481 4,253,155 
Fidelity Series Small Cap Opportunities Fund 85,799,818 17,498,098 8,826,797 10,183,811 (4,907) (4,862,190) 89,604,022 
Fidelity Series Stock Selector Large Cap Value Fund -- 20,601,373 9,112,975 14,336,618 (719,033) 3,379,635 169,664,183 
Fidelity Series Value Discovery Fund -- 15,660,866 9,002,774 10,020,654 (353,758) 13,717,560 165,725,099 
 $2,180,818,289 $570,189,393 $455,080,144 $214,424,464 $30,272,710 $(155,462,025) $2,170,738,223 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $829,837 $-- $829,837 $-- 
Domestic Equity Funds 1,325,267,139 1,325,267,139 -- -- 
International Equity Funds 677,127,462 677,127,462 -- -- 
Bond Funds 148,514,517 148,514,517 -- -- 
Short-Term Funds 23,954,802 23,954,802 -- -- 
Total Investments in Securities: $2,175,693,757 $2,174,863,920 $829,837 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $90,166 $90,166 $-- $-- 
Total Assets $90,166 $90,166 $-- $-- 
Liabilities     
Futures Contracts $(93,947) $(93,947) $-- $-- 
Total Liabilities $(93,947) $(93,947) $-- $-- 
Total Derivative Instruments: $(3,781) $(3,781) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(93,947) 
Total Equity Risk (93,947) 
Interest Rate Risk   
Futures Contracts(a) 90,166 
Total Interest Rate Risk 90,166 
Total Value of Derivatives $90,166 $(93,947) 

 (a) Net Other Assets (Liabilities) are not included in the pie chart

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


Fidelity Advisor Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $829,837) 
$829,837  
Fidelity Central Funds (cost $4,125,690) 4,125,697  
Other affiliated issuers (cost $1,897,933,148) 2,170,738,223  
Total Investment in Securities (cost $1,902,888,675)  $2,175,693,757 
Receivable for investments sold  7,354,777 
Receivable for fund shares sold  2,106,107 
Distributions receivable from Fidelity Central Funds  8,286 
Total assets  2,185,162,927 
Liabilities   
Payable for investments purchased $3,087,506  
Payable for fund shares redeemed 6,374,747  
Accrued management fee 1,333,276  
Distribution and service plan fees payable 391,199  
Payable for daily variation margin on futures contracts 59,279  
Total liabilities  11,246,007 
Net Assets  $2,173,916,920 
Net Assets consist of:   
Paid in capital  $1,805,378,935 
Total distributable earnings (loss)  368,537,985 
Net Assets  $2,173,916,920 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($916,426,196 ÷ 63,099,421 shares)  $14.52 
Maximum offering price per share (100/94.25 of $14.52)  $15.41 
Class M:   
Net Asset Value and redemption price per share ($356,106,752 ÷ 24,659,431 shares)  $14.44 
Maximum offering price per share (100/96.50 of $14.44)  $14.96 
Class C:   
Net Asset Value and offering price per share ($53,714,863 ÷ 3,799,820 shares)(a)  $14.14 
Class I:   
Net Asset Value, offering price and redemption price per share ($805,101,929 ÷ 55,054,674 shares)  $14.62 
Class Z:   
Net Asset Value, offering price and redemption price per share ($1,501,080 ÷ 103,131 shares)  $14.56 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($41,066,100 ÷ 2,813,299 shares)  $14.60 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $50,913,030 
Interest  22,994 
Income from Fidelity Central Funds  51,737 
Total income  50,987,761 
Expenses   
Management fee $15,967,129  
Distribution and service plan fees 4,779,846  
Independent trustees' fees and expenses 10,193  
Total expenses before reductions 20,757,168  
Expense reductions (56)  
Total expenses after reductions  20,757,112 
Net investment income (loss)  30,230,649 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,183  
Fidelity Central Funds (11)  
Other affiliated issuers 30,272,710  
Futures contracts (916,130)  
Capital gain distributions from underlying funds:   
Affiliated issuers 163,511,435  
Total net realized gain (loss)  192,872,187 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Fidelity Central Funds  
Other affiliated issuers (155,462,025)  
Futures contracts (3,781)  
Total change in net unrealized appreciation (depreciation)  (155,465,799) 
Net gain (loss)  37,406,388 
Net increase (decrease) in net assets resulting from operations  $67,637,037 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $30,230,649 $16,946,944 
Net realized gain (loss) 192,872,187 154,265,342 
Change in net unrealized appreciation (depreciation) (155,465,799) 91,725,502 
Net increase (decrease) in net assets resulting from operations 67,637,037 262,937,788 
Distributions to shareholders (214,667,735) – 
Distributions to shareholders from net investment income – (20,779,436) 
Distributions to shareholders from net realized gain – (90,229,747) 
Total distributions (214,667,735) (111,009,183) 
Share transactions - net increase (decrease) 141,920,324 7,294,311 
Total increase (decrease) in net assets (5,110,374) 159,222,916 
Net Assets   
Beginning of period 2,179,027,294 2,019,804,378 
End of period $2,173,916,920 $2,179,027,294 
Other Information   
Distributions in excess of net investment income end of period  $(1,775,924) 

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


Financial Highlights

Fidelity Advisor Freedom 2040 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.69 $14.57 $13.25 $14.49 $14.51 
Income from Investment Operations      
Net investment income (loss)A .21 .12 .17 .17 .20 
Net realized and unrealized gain (loss) .15 1.81 1.80 (.69) .76 
Total from investment operations .36 1.93 1.97 (.52) .96 
Distributions from net investment income (.23) (.15) (.17) (.18) (.21) 
Distributions from net realized gain (1.31) (.66) (.48) (.54) (.77) 
Total distributions (1.53)B (.81) (.65) (.72) (.98) 
Net asset value, end of period $14.52 $15.69 $14.57 $13.25 $14.49 
Total ReturnC,D 3.04% 13.42% 15.53% (3.82)% 6.76% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .99%G .87% .25% .25% .25% 
Expenses net of fee waivers, if any .99%G .87% .25% .25% .25% 
Expenses net of all reductions .99%G .87% .25% .25% .25% 
Net investment income (loss) 1.37% .78% 1.22% 1.27% 1.35% 
Supplemental Data      
Net assets, end of period (000 omitted) $916,426 $948,970 $965,401 $950,816 $1,154,277 
Portfolio turnover rateF 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.53 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $1.308 per share.

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

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


Fidelity Advisor Freedom 2040 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.62 $14.52 $13.21 $14.45 $14.47 
Income from Investment Operations      
Net investment income (loss)A .17 .08 .13 .14 .16 
Net realized and unrealized gain (loss) .16 1.80 1.81 (.70) .76 
Total from investment operations .33 1.88 1.94 (.56) .92 
Distributions from net investment income (.20) (.12) (.15) (.15) (.17) 
Distributions from net realized gain (1.31) (.66) (.48) (.53) (.77) 
Total distributions (1.51) (.78) (.63) (.68) (.94) 
Net asset value, end of period $14.44 $15.62 $14.52 $13.21 $14.45 
Total ReturnB,C 2.82% 13.11% 15.26% (4.07)% 6.51% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.25% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.25% 1.13% .50% .50% .50% 
Net investment income (loss) 1.12% .53% .97% 1.02% 1.10% 
Supplemental Data      
Net assets, end of period (000 omitted) $356,107 $343,164 $324,990 $310,107 $333,069 
Portfolio turnover rateE 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

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


Fidelity Advisor Freedom 2040 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.32 $14.28 $13.02 $14.27 $14.30 
Income from Investment Operations      
Net investment income (loss)A .09 B .06 .07 .09 
Net realized and unrealized gain (loss) .18 1.77 1.78 (.70) .75 
Total from investment operations .27 1.77 1.84 (.63) .84 
Distributions from net investment income (.14) (.07) (.10) (.10) (.12) 
Distributions from net realized gain (1.31) (.66) (.48) (.52) (.75) 
Total distributions (1.45) (.73) (.58) (.62) (.87) 
Net asset value, end of period $14.14 $15.32 $14.28 $13.02 $14.27 
Total ReturnC,D 2.37% 12.52% 14.70% (4.63)% 6.01% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.74%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%G 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) .62% .03% .48% .52% .60% 
Supplemental Data      
Net assets, end of period (000 omitted) $53,715 $84,365 $79,480 $73,036 $77,130 
Portfolio turnover rateF 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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


Fidelity Advisor Freedom 2040 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.78 $14.65 $13.32 $14.57 $14.59 
Income from Investment Operations      
Net investment income (loss)A .24 .16 .20 .21 .23 
Net realized and unrealized gain (loss) .16 1.83 1.82 (.71) .76 
Total from investment operations .40 1.99 2.02 (.50) .99 
Distributions from net investment income (.26) (.19) (.20) (.22) (.24) 
Distributions from net realized gain (1.31) (.67) (.49) (.54) (.77) 
Total distributions (1.56)B (.86) (.69) (.75)C (1.01) 
Net asset value, end of period $14.62 $15.78 $14.65 $13.32 $14.57 
Total ReturnD 3.31% 13.74% 15.82% (3.62)% 6.99% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .75% .63% –%G –%G –%G 
Expenses net of fee waivers, if any .75% .63% -% -% -% 
Expenses net of all reductions .75% .63% -% -% -% 
Net investment income (loss) 1.62% 1.02% 1.47% 1.52% 1.60% 
Supplemental Data      
Net assets, end of period (000 omitted) $805,102 $790,667 $649,934 $629,599 $688,278 
Portfolio turnover rateF 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.56 per share is comprised of distributions from net investment income of $.256 and distributions from net realized gain of $1.308 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 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2040 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $15.85 
Income from Investment Operations  
Net investment income (loss)B .36 
Net realized and unrealized gain (loss) (.69)C 
Total from investment operations (.33) 
Distributions from net investment income (.33) 
Distributions from net realized gain (.63) 
Total distributions (.96) 
Net asset value, end of period $14.56 
Total ReturnD,E (1.30)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .65%H,I 
Expenses net of fee waivers, if any .65%H,I 
Expenses net of all reductions .65%H,I 
Net investment income (loss) 5.06%H 
Supplemental Data  
Net assets, end of period (000 omitted) $1,501 
Portfolio turnover rateG 21% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2040 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $15.76 $15.04 
Income from Investment Operations   
Net investment income (loss)B .28 .18 
Net realized and unrealized gain (loss) .17 1.20 
Total from investment operations .45 1.38 
Distributions from net investment income (.30) (.23) 
Distributions from net realized gain (1.31) (.42) 
Total distributions (1.61) (.66)C 
Net asset value, end of period $14.60 $15.76 
Total ReturnD,E 3.64% 9.12% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .49% .51%H,I 
Expenses net of fee waivers, if any .49% .51%H,I 
Expenses net of all reductions .49% .51%H,I 
Net investment income (loss) 1.87% 1.39%H 
Supplemental Data   
Net assets, end of period (000 omitted) $41,066 $11,861 
Portfolio turnover rateG 21% 23% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.421 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 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® 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 12.0 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 7.8 
Fidelity Series Value Discovery Fund 7.6 
Fidelity Advisor Series Equity Growth Fund 7.2 
Fidelity Series Opportunistic Insights Fund 6.7 
Fidelity Advisor Series Growth Opportunities Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 4.1 
 77.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2045 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $529,896) 530,000 529,896 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Advisor Series Equity Growth Fund (b) 7,194,962 $100,225,825 
Fidelity Advisor Series Growth Opportunities Fund (b) 5,078,433 73,434,142 
Fidelity Advisor Series Small Cap Fund (b) 4,284,083 44,897,186 
Fidelity Series All-Sector Equity Fund (b) 4,822,327 46,439,012 
Fidelity Series Commodity Strategy Fund (b) 7,250,443 34,584,614 
Fidelity Series Large Cap Stock Fund (b) 11,357,251 166,383,723 
Fidelity Series Large Cap Value Index Fund (b) 1,466,124 18,194,605 
Fidelity Series Opportunistic Insights Fund (b) 5,324,085 93,065,012 
Fidelity Series Small Cap Opportunities Fund (b) 4,271,930 57,500,174 
Fidelity Series Stock Selector Large Cap Value Fund (b) 9,218,785 108,781,667 
Fidelity Series Value Discovery Fund (b) 8,506,813 106,250,097 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $756,570,094)  849,756,057 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 1,269,792 13,091,551 
Fidelity Series Emerging Markets Fund (b) 1,386,329 13,572,163 
Fidelity Series Emerging Markets Opportunities Fund (b) 6,830,666 126,572,242 
Fidelity Series International Growth Fund (b) 8,535,621 129,656,079 
Fidelity Series International Small Cap Fund (b) 1,920,917 29,831,844 
Fidelity Series International Value Fund (b) 13,051,348 121,377,539 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $381,733,434)  434,101,418 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 927,037 8,890,287 
Fidelity Series Floating Rate High Income Fund (b) 186,006 1,724,279 
Fidelity Series High Income Fund (b) 1,564,075 14,702,301 
Fidelity Series Inflation-Protected Bond Index Fund (b) 413,399 4,043,045 
Fidelity Series International Credit Fund (b) 67,861 671,144 
Fidelity Series Investment Grade Bond Fund (b) 811,295 9,070,281 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,600,729 49,678,462 
Fidelity Series Real Estate Income Fund (b) 582,043 6,350,088 
TOTAL BOND FUNDS   
(Cost $93,684,055)  95,129,887 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 2,602,111 2,602,631 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 9,971,816 9,971,816 
Fidelity Series Short-Term Credit Fund (b) 272,204 2,713,873 
TOTAL SHORT-TERM FUNDS   
(Cost $15,280,737)  15,288,320 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,247,798,216)  1,394,805,578 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,115,244) 
NET ASSETS - 100%  $1,393,690,334 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $213,094 $928 $928 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 463,313 5,273 5,273 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  June 2019 248,438 4,621  4,621 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 299,313 10,496 10,496 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 672,000 33,444 33,444 
TOTAL PURCHASED      54,762 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 993,230 (30,063) (30,063) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 60 June 2019 3,172,200 (59,150) (59,150) 
TOTAL SOLD     (89,213) 
TOTAL FUTURES CONTRACTS     $(34,451) 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $322,936.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $32,994 
Total $32,994 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $87,585,095 $18,068,837 $9,545,951 $7,309,485 $45,011 $4,072,833 $100,225,825 
Fidelity Advisor Series Equity Value Fund 101,062,304 10,772,182 4,243,501 3,549,420 (13,968) (11,254,877) -- 
Fidelity Advisor Series Growth & Income Fund 154,913,386 23,199,677 6,588,966 14,317,406 71,885 (21,854,702) -- 
Fidelity Advisor Series Growth Opportunities Fund 57,467,634 17,422,218 10,986,973 11,465,700 1,157,924 8,373,339 73,434,142 
Fidelity Advisor Series Opportunistic Insights Fund 81,384,078 10,890,542 3,463,613 6,811,697 50,151 (27,571,504) -- 
Fidelity Advisor Series Small Cap Fund 43,759,112 10,382,511 4,726,043 4,132,852 (168,742) (4,349,652) 44,897,186 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 102,033,097 15,983,029 4,260,771 8,993,313 (37,896) (11,088,764) -- 
Fidelity Series 100 Index Fund 43,308,860 -- 46,620,020 -- 20,937,928 (17,626,768) -- 
Fidelity Series All-Sector Equity Fund 60,085,583 15,965,730 23,139,124 11,227,564 1,349,062 (7,822,239) 46,439,012 
Fidelity Series Canada Fund 11,904,189 2,457,011 1,454,552 285,375 (18,774) 203,677 13,091,551 
Fidelity Series Commodity Strategy Fund 28,249,093 15,521,775 5,350,855 2,015,002 (1,800,458) (2,034,941) 34,584,614 
Fidelity Series Emerging Markets Debt Fund 8,907,300 1,284,813 867,203 528,897 (12,107) (422,516) 8,890,287 
Fidelity Series Emerging Markets Fund -- 13,824,352 691,370 52,490 (8,785) 447,966 13,572,163 
Fidelity Series Emerging Markets Opportunities Fund 123,530,365 42,723,311 20,826,507 9,666,313 (485,090) (18,369,837) 126,572,242 
Fidelity Series Floating Rate High Income Fund 3,008,295 411,027 1,638,034 158,964 (125,039) 68,030 1,724,279 
Fidelity Series Government Money Market Fund 2.50% 21,893,886 21,338,182 33,260,252 345,619 -- -- 9,971,816 
Fidelity Series High Income Fund 18,707,935 2,777,249 6,546,407 1,180,595 (180,066) (56,410) 14,702,301 
Fidelity Series Inflation-Protected Bond Index Fund 10,812,378 1,811,610 8,658,422 83,843 (96,406) 173,885 4,043,045 
Fidelity Series International Credit Fund 640,362 32,457 -- 32,457 -- (1,675) 671,144 
Fidelity Series International Growth Fund 119,909,466 31,189,349 14,613,454 7,962,687 (412,363) (6,416,919) 129,656,079 
Fidelity Series International Small Cap Fund 29,918,661 8,134,436 3,192,801 2,669,212 (112,934) (4,915,518) 29,831,844 
Fidelity Series International Value Fund 121,339,335 27,801,482 12,555,555 4,371,955 (468,642) (14,739,081) 121,377,539 
Fidelity Series Investment Grade Bond Fund 6,440,580 4,058,382 1,599,980 234,260 (23,287) 194,586 9,070,281 
Fidelity Series Large Cap Stock Fund -- 15,812,476 10,689,675 6,666,008 (464,333) 11,983,974 166,383,722 
Fidelity Series Large Cap Value Index Fund 16,906,145 2,989,777 1,877,001 836,767 521 175,163 18,194,605 
Fidelity Series Long-Term Treasury Bond Index Fund 30,339,836 35,956,804 18,503,031 1,339,914 (575,045) 2,459,898 49,678,462 
Fidelity Series Opportunistic Insights Fund -- 15,402,805 5,443,204 7,485,720 (455,801) 22,271,558 93,065,012 
Fidelity Series Real Estate Equity Fund 10,477,062 88,288 10,987,257 55,604 580,263 (158,356) -- 
Fidelity Series Real Estate Income Fund 5,876,043 1,037,769 678,220 446,566 (10,851) 125,347 6,350,088 
Fidelity Series Short-Term Credit Fund 3,944,220 824,077 2,091,430 99,096 (7,998) 45,004 2,713,873 
Fidelity Series Small Cap Opportunities Fund 53,422,944 13,120,085 5,878,356 6,472,946 (123,636) (3,040,863) 57,500,174 
Fidelity Series Stock Selector Large Cap Value Fund -- 15,451,528 6,969,943 9,133,779 (574,932) (1,753,681) 108,781,667 
Fidelity Series Value Discovery Fund -- 12,265,368 6,873,589 6,384,232 (324,745) 4,860,923 106,250,097 
 $1,357,827,244 $408,999,139 $294,822,060 $136,315,738 $17,690,847 $(98,022,120) $1,391,673,050 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $529,896 $-- $529,896 $-- 
Domestic Equity Funds 849,756,057 849,756,057 -- -- 
International Equity Funds 434,101,418 434,101,418 -- -- 
Bond Funds 95,129,887 95,129,887 -- -- 
Short-Term Funds 15,288,320 15,288,320 -- -- 
Total Investments in Securities: $1,394,805,578 $1,394,275,682 $529,896 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $54,762 $54,762 $-- $-- 
Total Assets $54,762 $54,762 $-- $-- 
Liabilities     
Futures Contracts $(89,213) $(89,213) $-- $-- 
Total Liabilities $(89,213) $(89,213) $-- $-- 
Total Derivative Instruments: $(34,451) $(34,451) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(89,213) 
Total Equity Risk (89,213) 
Interest Rate Risk   
Futures Contracts(a) 54,762 
Total Interest Rate Risk 54,762 
Total Value of Derivatives $54,762 $(89,213) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $529,896) 
$529,896  
Fidelity Central Funds (cost $2,602,627) 2,602,631  
Other affiliated issuers (cost $1,244,665,693) 1,391,673,051  
Total Investment in Securities (cost $1,247,798,216)  $1,394,805,578 
Receivable for investments sold  2,054,646 
Receivable for fund shares sold  1,860,726 
Distributions receivable from Fidelity Central Funds  5,226 
Total assets  1,398,726,176 
Liabilities   
Payable for investments purchased $2,581,044  
Payable for fund shares redeemed 1,333,840  
Accrued management fee 848,718  
Distribution and service plan fees payable 221,105  
Payable for daily variation margin on futures contracts 51,135  
Total liabilities  5,035,842 
Net Assets  $1,393,690,334 
Net Assets consist of:   
Paid in capital  $1,188,210,278 
Total distributable earnings (loss)  205,480,056 
Net Assets  $1,393,690,334 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($547,562,967 ÷ 48,346,223 shares)  $11.33 
Maximum offering price per share (100/94.25 of $11.33)  $12.02 
Class M:   
Net Asset Value and redemption price per share ($210,624,798 ÷ 18,767,358 shares)  $11.22 
Maximum offering price per share (100/96.50 of $11.22)  $11.63 
Class C:   
Net Asset Value and offering price per share ($25,382,573 ÷ 2,293,382 shares)(a)  $11.07 
Class I:   
Net Asset Value, offering price and redemption price per share ($577,251,815 ÷ 50,610,709 shares)  $11.41 
Class Z:   
Net Asset Value, offering price and redemption price per share ($1,375,538 ÷ 121,205 shares)  $11.35 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($31,492,643 ÷ 2,764,832 shares)  $11.39 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $32,346,031 
Interest  14,624 
Income from Fidelity Central Funds  32,994 
Total income  32,393,649 
Expenses   
Management fee $10,096,908  
Distribution and service plan fees 2,695,484  
Independent trustees' fees and expenses 6,427  
Total expenses before reductions 12,798,819  
Expense reductions (112)  
Total expenses after reductions  12,798,707 
Net investment income (loss)  19,594,942 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,697  
Fidelity Central Funds (3)  
Other affiliated issuers 17,690,847  
Futures contracts (552,365)  
Capital gain distributions from underlying funds:   
Affiliated issuers 103,969,707  
Total net realized gain (loss)  121,110,883 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Fidelity Central Funds  
Other affiliated issuers (98,022,120)  
Futures contracts (34,451)  
Total change in net unrealized appreciation (depreciation)  (98,056,567) 
Net gain (loss)  23,054,316 
Net increase (decrease) in net assets resulting from operations  $42,649,258 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $19,594,942 $10,671,463 
Net realized gain (loss) 121,110,883 86,422,686 
Change in net unrealized appreciation (depreciation) (98,056,567) 61,790,750 
Net increase (decrease) in net assets resulting from operations 42,649,258 158,884,899 
Distributions to shareholders (133,342,942) – 
Distributions to shareholders from net investment income – (12,899,292) 
Distributions to shareholders from net realized gain – (46,138,745) 
Total distributions (133,342,942) (59,038,037) 
Share transactions - net increase (decrease) 127,638,941 66,150,547 
Total increase (decrease) in net assets 36,945,257 165,997,409 
Net Assets   
Beginning of period 1,356,745,077 1,190,747,668 
End of period $1,393,690,334 $1,356,745,077 
Other Information   
Distributions in excess of net investment income end of period  $(761,157) 

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


Financial Highlights

Fidelity Advisor Freedom 2045 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.21 $11.26 $10.23 $11.15 $11.31 
Income from Investment Operations      
Net investment income (loss)A .16 .10 .13 .13 .15 
Net realized and unrealized gain (loss) .13 1.40 1.39 (.54) .59 
Total from investment operations .29 1.50 1.52 (.41) .74 
Distributions from net investment income (.18) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.99) (.43) (.36) (.37) (.74) 
Total distributions (1.17) (.55) (.49) (.51) (.90) 
Net asset value, end of period $11.33 $12.21 $11.26 $10.23 $11.15 
Total ReturnB,C 3.13% 13.44% 15.50% (3.85)% 6.80% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .99%F .87% .25% .25% .25% 
Expenses net of fee waivers, if any .99%F .87% .25% .25% .25% 
Expenses net of all reductions .99%F .87% .25% .25% .25% 
Net investment income (loss) 1.38% .79% 1.22% 1.27% 1.37% 
Supplemental Data      
Net assets, end of period (000 omitted) $547,563 $566,474 $556,090 $531,510 $623,734 
Portfolio turnover rateD 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

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

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

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

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


Fidelity Advisor Freedom 2045 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.12 $11.19 $10.17 $11.09 $11.26 
Income from Investment Operations      
Net investment income (loss)A .13 .06 .10 .11 .13 
Net realized and unrealized gain (loss) .12 1.39 1.39 (.54) .57 
Total from investment operations .25 1.45 1.49 (.43) .70 
Distributions from net investment income (.16) (.10) (.11) (.12) (.13) 
Distributions from net realized gain (.99) (.43) (.36) (.37) (.74) 
Total distributions (1.15) (.52)B (.47) (.49) (.87) 
Net asset value, end of period $11.22 $12.12 $11.19 $10.17 $11.09 
Total ReturnC,D 2.79% 13.12% 15.29% (4.10)% 6.50% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.24%G 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.24%G 1.13% .50% .50% .50% 
Expenses net of all reductions 1.24%G 1.13% .50% .50% .50% 
Net investment income (loss) 1.13% .54% .97% 1.02% 1.12% 
Supplemental Data      
Net assets, end of period (000 omitted) $210,625 $207,442 $186,200 $158,557 $153,677 
Portfolio turnover rateE 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.52 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.428 per share.

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

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


Fidelity Advisor Freedom 2045 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.98 $11.08 $10.09 $11.01 $11.19 
Income from Investment Operations      
Net investment income (loss)A .07 B .05 .05 .07 
Net realized and unrealized gain (loss) .13 1.38 1.38 (.53) .57 
Total from investment operations .20 1.38 1.43 (.48) .64 
Distributions from net investment income (.12) (.05) (.08) (.08) (.09) 
Distributions from net realized gain (.99) (.43) (.36) (.36) (.73) 
Total distributions (1.11) (.48) (.44) (.44) (.82) 
Net asset value, end of period $11.07 $11.98 $11.08 $10.09 $11.01 
Total ReturnC,D 2.29% 12.59% 14.71% (4.59)% 5.95% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.74%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%G 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%G 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) .63% .04% .47% .53% .62% 
Supplemental Data      
Net assets, end of period (000 omitted) $25,383 $30,549 $27,491 $23,423 $22,493 
Portfolio turnover rateE 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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


Fidelity Advisor Freedom 2045 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.29 $11.33 $10.28 $11.21 $11.37 
Income from Investment Operations      
Net investment income (loss)A .19 .12 .16 .16 .18 
Net realized and unrealized gain (loss) .13 1.42 1.40 (.55) .59 
Total from investment operations .32 1.54 1.56 (.39) .77 
Distributions from net investment income (.20) (.14) (.15) (.17) (.19) 
Distributions from net realized gain (.99) (.44) (.36) (.37) (.74) 
Total distributions (1.20)B (.58) (.51) (.54) (.93) 
Net asset value, end of period $11.41 $12.29 $11.33 $10.28 $11.21 
Total ReturnC 3.34% 13.77% 15.83% (3.66)% 7.03% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .75% .64% - %F - %F - %F 
Expenses net of fee waivers, if any .75% .64% -% -% -% 
Expenses net of all reductions .75% .64% -% -% -% 
Net investment income (loss) 1.63% 1.03% 1.47% 1.52% 1.62% 
Supplemental Data      
Net assets, end of period (000 omitted) $577,252 $543,170 $420,967 $390,675 $400,667 
Portfolio turnover rateD 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.20 per share is comprised of distributions from net investment income of $.204 and distributions from net realized gain of $.993 per share.

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2045 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.36 
Income from Investment Operations  
Net investment income (loss)B .20 
Net realized and unrealized gain (loss) (.46)C 
Total from investment operations (.26) 
Distributions from net investment income (.26) 
Distributions from net realized gain (.49) 
Total distributions (.75) 
Net asset value, end of period $11.35 
Total ReturnD,E (1.33)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .64%H 
Expenses net of fee waivers, if any .64%H 
Expenses net of all reductions .64%H 
Net investment income (loss) 3.71%H 
Supplemental Data  
Net assets, end of period (000 omitted) $1,376 
Portfolio turnover rateF 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 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

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


Fidelity Advisor Freedom 2045 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.28 $11.65 
Income from Investment Operations   
Net investment income (loss)B .22 .15 
Net realized and unrealized gain (loss) .12 .92 
Total from investment operations .34 1.07 
Distributions from net investment income (.24) (.18) 
Distributions from net realized gain (.99) (.26) 
Total distributions (1.23) (.44) 
Net asset value, end of period $11.39 $12.28 
Total ReturnC,D 3.58% 9.15% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .50%G .51%G,H 
Expenses net of fee waivers, if any .50%G .51%G,H 
Expenses net of all reductions .50%G .51%G,H 
Net investment income (loss) 1.88% 1.50%H 
Supplemental Data   
Net assets, end of period (000 omitted) $31,493 $9,112 
Portfolio turnover rateE 22% 21% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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. Expenses net of fee waivers reflect expenses after reimbursement by 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 12.0 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 7.8 
Fidelity Series Value Discovery Fund 7.6 
Fidelity Advisor Series Equity Growth Fund 7.2 
Fidelity Series Opportunistic Insights Fund 6.7 
Fidelity Advisor Series Growth Opportunities Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 4.1 
 77.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.8% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2050 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.39% 4/4/19 (a)   
(Cost $419,917) 420,000 419,917 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Advisor Series Equity Growth Fund (b) 5,821,320 $81,090,981 
Fidelity Advisor Series Growth Opportunities Fund (b) 4,108,506 59,408,997 
Fidelity Advisor Series Small Cap Fund (b) 3,466,172 36,325,479 
Fidelity Series All-Sector Equity Fund (b) 3,901,948 37,575,763 
Fidelity Series Commodity Strategy Fund (b) 5,868,691 27,993,656 
Fidelity Series Large Cap Stock Fund (b) 9,186,989 134,589,392 
Fidelity Series Large Cap Value Index Fund (b) 1,186,025 14,718,574 
Fidelity Series Opportunistic Insights Fund (b) 4,307,941 75,302,800 
Fidelity Series Small Cap Opportunities Fund (b) 3,456,199 46,520,436 
Fidelity Series Stock Selector Large Cap Value Fund (b) 7,457,374 87,997,014 
Fidelity Series Value Discovery Fund (b) 6,881,713 85,952,601 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $615,395,641)  687,475,693 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 1,027,556 10,594,107 
Fidelity Series Emerging Markets Fund (b) 1,121,517 10,979,648 
Fidelity Series Emerging Markets Opportunities Fund (b) 5,527,352 102,421,835 
Fidelity Series International Growth Fund (b) 6,904,527 104,879,771 
Fidelity Series International Small Cap Fund (b) 1,554,099 24,135,150 
Fidelity Series International Value Fund (b) 10,556,185 98,172,520 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $310,568,924)  351,183,031 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (b) 747,012 7,163,841 
Fidelity Series Floating Rate High Income Fund (b) 150,399 1,394,196 
Fidelity Series High Income Fund (b) 1,266,983 11,909,642 
Fidelity Series Inflation-Protected Bond Index Fund (b) 334,341 3,269,858 
Fidelity Series International Credit Fund (b) 53,331 527,447 
Fidelity Series Investment Grade Bond Fund (b) 647,902 7,243,540 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 4,530,316 40,183,907 
Fidelity Series Real Estate Income Fund (b) 471,646 5,145,657 
TOTAL BOND FUNDS   
(Cost $75,872,977)  76,838,088 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 2,108,782 2,109,204 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 8,078,560 8,078,560 
Fidelity Series Short-Term Credit Fund (b) 221,419 2,207,545 
TOTAL SHORT-TERM FUNDS   
(Cost $12,388,494)  12,395,309 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,014,645,953)  1,128,312,038 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (906,143) 
NET ASSETS - 100%  $1,127,405,895 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $213,094 $928 $928 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 347,484 3,955 3,955 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  June 2019 248,438 4,621 4,621 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 299,313 10,496 10,496 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 504,000 25,083 25,083 
TOTAL PURCHASED     45,083 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 851,340 (25,768) (25,768) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 50 June 2019 2,643,500 (49,292) (49,292) 
TOTAL SOLD     (75,060) 
TOTAL FUTURES CONTRACTS     $(29,977) 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $401,921.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $26,490 
Total $26,490 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $70,351,965 $16,664,727 $9,231,111 $5,905,787 $(33,890) $3,339,290 $81,090,981 
Fidelity Advisor Series Equity Value Fund 81,184,995 9,855,105 3,708,773 2,879,441 (35,683) (8,589,666) -- 
Fidelity Advisor Series Growth & Income Fund 124,458,830 20,534,456 5,760,025 11,601,731 44,166 (16,838,229) -- 
Fidelity Advisor Series Growth Opportunities Fund 46,159,904 15,426,937 9,879,296 9,263,006 995,041 6,706,411 59,408,997 
Fidelity Advisor Series Opportunistic Insights Fund 65,364,078 9,792,962 3,042,074 5,525,925 27,726 (21,284,157) -- 
Fidelity Advisor Series Small Cap Fund 35,146,093 9,446,061 4,597,373 3,338,742 (216,324) (3,452,978) 36,325,479 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 81,966,944 13,879,105 3,743,821 7,276,804 (37,495) (8,311,521) -- 
Fidelity Series 100 Index Fund 34,748,219 -- 37,407,729 -- 16,279,802 (13,620,292) -- 
Fidelity Series All-Sector Equity Fund 48,267,467 14,076,384 19,491,704 9,109,054 936,073 (6,212,457) 37,575,763 
Fidelity Series Canada Fund 9,565,126 2,280,403 1,396,450 231,543 (23,962) 168,990 10,594,107 
Fidelity Series Commodity Strategy Fund 22,713,854 13,137,648 4,745,198 1,633,029 (1,425,213) (1,687,435) 27,993,656 
Fidelity Series Emerging Markets Debt Fund 7,129,561 1,208,790 825,422 426,563 (25,282) (323,806) 7,163,841 
Fidelity Series Emerging Markets Fund -- 11,322,900 698,593 42,587 (11,730) 367,071 10,979,648 
Fidelity Series Emerging Markets Opportunities Fund 99,246,751 37,076,605 18,674,333 7,843,871 (643,364) (14,583,824) 102,421,835 
Fidelity Series Floating Rate High Income Fund 2,426,049 394,105 1,379,636 129,060 (108,587) 62,265 1,394,196 
Fidelity Series Government Money Market Fund 2.50% 17,563,064 17,644,392 27,128,896 280,176 -- -- 8,078,560 
Fidelity Series High Income Fund 14,946,932 2,620,924 5,465,584 953,708 (127,879) (64,751) 11,909,642 
Fidelity Series Inflation-Protected Bond Index Fund 8,708,325 1,589,936 7,090,768 67,841 (81,366) 143,731 3,269,858 
Fidelity Series International Credit Fund 503,256 25,507 -- 25,508 -- (1,316) 527,447 
Fidelity Series International Growth Fund 96,317,039 27,962,646 13,842,172 6,460,201 (462,021) (5,095,721) 104,879,771 
Fidelity Series International Small Cap Fund 24,031,703 7,241,695 3,059,091 2,166,132 (137,782) (3,941,375) 24,135,150 
Fidelity Series International Value Fund 97,470,380 25,336,425 12,284,672 3,547,022 (458,793) (11,890,820) 98,172,520 
Fidelity Series Investment Grade Bond Fund 5,182,457 3,346,111 1,420,950 188,655 (18,793) 154,715 7,243,540 
Fidelity Series Large Cap Stock Fund -- 14,313,067 10,576,202 5,409,204 (574,938) 8,988,267 134,589,392 
Fidelity Series Large Cap Value Index Fund 13,577,147 2,803,966 1,801,977 678,551 (3,169) 142,607 14,718,574 
Fidelity Series Long-Term Treasury Bond Index Fund 24,382,002 29,992,161 15,715,506 1,085,257 (477,061) 2,002,311 40,183,907 
Fidelity Series Opportunistic Insights Fund -- 13,445,441 5,572,138 6,073,574 (410,853) 16,981,815 75,302,800 
Fidelity Series Real Estate Equity Fund 8,433,757 71,693 8,845,994 45,364 399,314 (58,770) -- 
Fidelity Series Real Estate Income Fund 4,723,812 973,881 644,903 361,889 (15,470) 108,337 5,145,657 
Fidelity Series Short-Term Credit Fund 3,186,925 740,028 1,749,340 80,596 (7,080) 37,012 2,207,545 
Fidelity Series Small Cap Opportunities Fund 42,907,982 11,932,648 5,726,306 5,243,575 (137,442) (2,456,446) 46,520,436 
Fidelity Series Stock Selector Large Cap Value Fund -- 13,689,029 6,881,373 7,408,171 (493,155) (2,070,699) 87,997,014 
Fidelity Series Value Discovery Fund -- 10,905,434 6,800,921 5,180,344 (343,171) 3,485,281 85,952,601 
 $1,090,664,617 $359,731,172 $259,188,331 $110,462,911 $12,371,619 $(77,796,160) $1,125,782,917 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $419,917 $-- $419,917 $-- 
Domestic Equity Funds 687,475,693 687,475,693 -- -- 
International Equity Funds 351,183,031 351,183,031 -- -- 
Bond Funds 76,838,088 76,838,088 -- -- 
Short-Term Funds 12,395,309 12,395,309 -- -- 
Total Investments in Securities: $1,128,312,038 $1,127,892,121 $419,917 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $45,083 $45,083 $-- $-- 
Total Assets $45,083 $45,083 $-- $-- 
Liabilities     
Futures Contracts $(75,060) $(75,060) $-- $-- 
Total Liabilities $(75,060) $(75,060) $-- $-- 
Total Derivative Instruments: $(29,977) $(29,977) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(75,060) 
Total Equity Risk (75,060) 
Interest Rate Risk   
Futures Contracts(a) 45,083 
Total Interest Rate Risk 45,083 
Total Value of Derivatives $45,083 $(75,060) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $419,917) 
$419,917  
Fidelity Central Funds (cost $2,109,204) 2,109,204  
Other affiliated issuers (cost $1,012,116,832) 1,125,782,917  
Total Investment in Securities (cost $1,014,645,953)  $1,128,312,038 
Receivable for investments sold  2,573,347 
Receivable for fund shares sold  1,708,630 
Distributions receivable from Fidelity Central Funds  4,223 
Total assets  1,132,598,238 
Liabilities   
Payable for investments purchased $1,661,359  
Payable for fund shares redeemed 2,620,226  
Accrued management fee 687,417  
Distribution and service plan fees payable 180,534  
Payable for daily variation margin on futures contracts 42,807  
Total liabilities  5,192,343 
Net Assets  $1,127,405,895 
Net Assets consist of:   
Paid in capital  $967,372,479 
Total distributable earnings (loss)  160,033,416 
Net Assets  $1,127,405,895 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($417,583,337 ÷ 36,915,237 shares)  $11.31 
Maximum offering price per share (100/94.25 of $11.31)  $12.00 
Class M:   
Net Asset Value and redemption price per share ($172,973,799 ÷ 15,392,428 shares)  $11.24 
Maximum offering price per share (100/96.50 of $11.24)  $11.65 
Class C:   
Net Asset Value and offering price per share ($26,138,573 ÷ 2,355,741 shares)(a)  $11.10 
Class I:   
Net Asset Value, offering price and redemption price per share ($488,166,845 ÷ 42,856,082 shares)  $11.39 
Class Z:   
Net Asset Value, offering price and redemption price per share ($650,415 ÷ 57,352 shares)  $11.34 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($21,892,926 ÷ 1,924,770 shares)  $11.37 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $26,218,050 
Interest  11,825 
Income from Fidelity Central Funds  26,490 
Total income  26,256,365 
Expenses   
Management fee $8,180,351  
Distribution and service plan fees 2,176,541  
Independent trustees' fees and expenses 5,195  
Total expenses before reductions 10,362,087  
Expense reductions (100)  
Total expenses after reductions  10,361,987 
Net investment income (loss)  15,894,378 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,202  
Affiliated issuers 12,371,619  
Futures contracts (437,086)  
Capital gain distributions from underlying funds:   
Affiliated issuers 84,244,861  
Total net realized gain (loss)  96,181,596 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (77,796,160)  
Futures contracts (29,977)  
Total change in net unrealized appreciation (depreciation)  (77,826,137) 
Net gain (loss)  18,355,459 
Net increase (decrease) in net assets resulting from operations  $34,249,837 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $15,894,378 $8,457,626 
Net realized gain (loss) 96,181,596 66,828,415 
Change in net unrealized appreciation (depreciation) (77,826,137) 49,404,768 
Net increase (decrease) in net assets resulting from operations 34,249,837 124,690,809 
Distributions to shareholders (105,626,516) – 
Distributions to shareholders from net investment income – (10,251,675) 
Distributions to shareholders from net realized gain – (34,153,397) 
Total distributions (105,626,516) (44,405,072) 
Share transactions - net increase (decrease) 108,985,768 79,870,312 
Total increase (decrease) in net assets 37,609,089 160,156,049 
Net Assets   
Beginning of period 1,089,796,806 929,640,757 
End of period $1,127,405,895 $1,089,796,806 
Other Information   
Distributions in excess of net investment income end of period  $(898,477) 

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


Financial Highlights

Fidelity Advisor Freedom 2050 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.17 $11.20 $10.16 $11.06 $11.24 
Income from Investment Operations      
Net investment income (loss)A .16 .09 .13 .13 .15 
Net realized and unrealized gain (loss) .13 1.40 1.39 (.53) .58 
Total from investment operations .29 1.49 1.52 (.40) .73 
Distributions from net investment income (.18) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.97) (.40) (.34) (.36) (.76) 
Total distributions (1.15) (.52) (.48)B (.50) (.91)C 
Net asset value, end of period $11.31 $12.17 $11.20 $10.16 $11.06 
Total ReturnD,E 3.08% 13.42% 15.52% (3.84)% 6.77% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .99%H .88% .25% .25% .25% 
Expenses net of fee waivers, if any .99%H .88% .25% .25% .25% 
Expenses net of all reductions .99%H .88% .25% .25% .25% 
Net investment income (loss) 1.38% .79% 1.22% 1.28% 1.37% 
Supplemental Data      
Net assets, end of period (000 omitted) $417,583 $418,313 $396,373 $363,199 $415,103 
Portfolio turnover rateF 23% 20% 25% 24% 30% 

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

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


Fidelity Advisor Freedom 2050 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.11 $11.15 $10.12 $11.02 $11.20 
Income from Investment Operations      
Net investment income (loss)A .13 .06 .10 .11 .12 
Net realized and unrealized gain (loss) .13 1.39 1.38 (.54) .58 
Total from investment operations .26 1.45 1.48 (.43) .70 
Distributions from net investment income (.16) (.10) (.11) (.12) (.13) 
Distributions from net realized gain (.97) (.40) (.34) (.36) (.76) 
Total distributions (1.13) (.49)B (.45) (.47)C (.88)D 
Net asset value, end of period $11.24 $12.11 $11.15 $10.12 $11.02 
Total ReturnE,F 2.83% 13.16% 15.22% (4.08)% 6.54% 
Ratios to Average Net AssetsG,H      
Expenses before reductions 1.25% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.25% 1.13% .50% .50% .50% 
Net investment income (loss) 1.13% .54% .97% 1.04% 1.12% 
Supplemental Data      
Net assets, end of period (000 omitted) $172,974 $166,634 $147,601 $127,842 $126,987 
Portfolio turnover rateG 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.49 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.398 per share.

 C 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.

 D 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.

 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.

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


Fidelity Advisor Freedom 2050 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.98 $11.05 $10.04 $10.95 $11.14 
Income from Investment Operations      
Net investment income (loss)A .07 B .05 .06 .07 
Net realized and unrealized gain (loss) .14 1.38 1.37 (.55) .57 
Total from investment operations .21 1.38 1.42 (.49) .64 
Distributions from net investment income (.11) (.06) (.08) (.08) (.09) 
Distributions from net realized gain (.97) (.39) (.34) (.34) (.74) 
Total distributions (1.09)C (.45) (.41)D (.42) (.83) 
Net asset value, end of period $11.10 $11.98 $11.05 $10.04 $10.95 
Total ReturnE,F 2.34% 12.59% 14.73% (4.67)% 6.01% 
Ratios to Average Net AssetsG,H      
Expenses before reductions 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%I 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) .63% .04% .47% .54% .63% 
Supplemental Data      
Net assets, end of period (000 omitted) $26,139 $32,763 $28,268 $24,460 $24,652 
Portfolio turnover rateG 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $1.09 per share is comprised of distributions from net investment income of $.113 and distributions from net realized gain of $.972 per share.

 D 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.

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

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


Fidelity Advisor Freedom 2050 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $12.25 $11.27 $10.22 $11.13 $11.30 
Income from Investment Operations      
Net investment income (loss)A .19 .12 .16 .16 .18 
Net realized and unrealized gain (loss) .12 1.41 1.39 (.55) .59 
Total from investment operations .31 1.53 1.55 (.39) .77 
Distributions from net investment income (.20) (.14) (.15) (.16) (.18) 
Distributions from net realized gain (.97) (.41) (.35) (.36) (.76) 
Total distributions (1.17) (.55) (.50) (.52) (.94) 
Net asset value, end of period $11.39 $12.25 $11.27 $10.22 $11.13 
Total ReturnB 3.30% 13.74% 15.81% (3.65)% 7.10% 
Ratios to Average Net AssetsC,D      
Expenses before reductions .75% .64% - %E - %E - %E 
Expenses net of fee waivers, if any .75% .64% -% -% -% 
Expenses net of all reductions .75% .64% -% -% -% 
Net investment income (loss) 1.63% 1.03% 1.47% 1.53% 1.62% 
Supplemental Data      
Net assets, end of period (000 omitted) $488,167 $466,677 $357,398 $320,449 $303,017 
Portfolio turnover rateC 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount represents less than .005%.

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


Fidelity Advisor Freedom 2050 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.34 
Income from Investment Operations  
Net investment income (loss)B .28 
Net realized and unrealized gain (loss) (.54)C 
Total from investment operations (.26) 
Distributions from net investment income (.25) 
Distributions from net realized gain (.49) 
Total distributions (.74) 
Net asset value, end of period $11.34 
Total ReturnD,E (1.34)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .65%H,I 
Expenses net of fee waivers, if any .65%H,I 
Expenses net of all reductions .65%H,I 
Net investment income (loss) 5.18%H 
Supplemental Data  
Net assets, end of period (000 omitted) $650 
Portfolio turnover rateF 23% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2050 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.24 $11.59 
Income from Investment Operations   
Net investment income (loss)B .22 .23 
Net realized and unrealized gain (loss) .12 .83 
Total from investment operations .34 1.06 
Distributions from net investment income (.24) (.17) 
Distributions from net realized gain (.97) (.24) 
Total distributions (1.21) (.41) 
Net asset value, end of period $11.37 $12.24 
Total ReturnC,D 3.55% 9.15% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .50%G .51%G,H 
Expenses net of fee waivers, if any .50%G .51%G,H 
Expenses net of all reductions .50%G .51%G,H 
Net investment income (loss) 1.88% 2.27%H 
Supplemental Data   
Net assets, end of period (000 omitted) $21,893 $5,410 
Portfolio turnover rateE 23% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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. Expenses net of fee waivers reflect expenses after reimbursement by 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.9 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 7.8 
Fidelity Series Value Discovery Fund 7.6 
Fidelity Advisor Series Equity Growth Fund 7.2 
Fidelity Series Opportunistic Insights Fund 6.7 
Fidelity Advisor Series Growth Opportunities Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 4.2 
 77.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.0% 
   International Equity Funds 31.2% 
   Bond Funds 6.7% 
   Short-Term Funds 1.2% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2055 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.4% to 2.4% 5/30/19 (a)   
(Cost $159,373) 160,000 159,383 
 Shares Value 
Domestic Equity Funds - 61.0%   
Fidelity Advisor Series Equity Growth Fund (b) 3,252,185 $45,302,936 
Fidelity Advisor Series Growth Opportunities Fund (b) 2,288,741 33,095,188 
Fidelity Advisor Series Small Cap Fund (b) 1,943,276 20,365,537 
Fidelity Series All-Sector Equity Fund (b) 2,176,974 20,964,257 
Fidelity Series Commodity Strategy Fund (b) 3,282,072 15,655,481 
Fidelity Series Large Cap Stock Fund (b) 5,124,405 75,072,540 
Fidelity Series Large Cap Value Index Fund (b) 661,878 8,213,907 
Fidelity Series Opportunistic Insights Fund (b) 2,406,870 42,072,080 
Fidelity Series Small Cap Opportunities Fund (b) 1,935,045 26,045,702 
Fidelity Series Stock Selector Large Cap Value Fund (b) 4,161,646 49,107,421 
Fidelity Series Value Discovery Fund (b) 3,838,980 47,948,861 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $371,190,113)  383,843,910 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 575,216 5,930,475 
Fidelity Series Emerging Markets Fund (b) 625,040 6,119,139 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,081,982 57,109,129 
Fidelity Series International Growth Fund (b) 3,850,700 58,492,128 
Fidelity Series International Small Cap Fund (b) 868,314 13,484,922 
Fidelity Series International Value Fund (b) 5,893,673 54,811,158 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $187,452,714)  195,946,951 
Bond Funds - 6.7%   
Fidelity Series Emerging Markets Debt Fund (b) 402,496 3,859,937 
Fidelity Series Floating Rate High Income Fund (b) 84,248 780,983 
Fidelity Series High Income Fund (b) 710,083 6,674,782 
Fidelity Series Inflation-Protected Bond Index Fund (b) 186,579 1,824,747 
Fidelity Series International Credit Fund (b) 24,358 240,898 
Fidelity Series Investment Grade Bond Fund (b) 331,746 3,708,923 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,528,324 22,426,236 
Fidelity Series Real Estate Income Fund (b) 263,379 2,873,463 
TOTAL BOND FUNDS   
(Cost $41,718,757)  42,389,969 
Short-Term Funds - 1.2%   
Fidelity Cash Central Fund, 2.48% (c) 1,401,536 1,401,817 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 4,523,020 4,523,020 
Fidelity Series Short-Term Credit Fund (b) 125,072 1,246,968 
TOTAL SHORT-TERM FUNDS   
(Cost $7,165,904)  7,171,805 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $607,686,861)  629,512,018 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (473,026) 
NET ASSETS - 100%  $629,038,992 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Treasury Contracts      
CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2019 $213,094 $928 $928 
CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2019 231,656 2,637 2,637 
CBOT 10-Year U.S. Treasury Note Contracts (United States)  June 2019 124,219 2,310 2,310 
CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2019 149,656 5,248 5,248 
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States) June 2019 336,000 16,722 16,722 
TOTAL PURCHASED     27,845 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 709,450 (21,474) (21,474) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 27 June 2019 1,427,490 (26,617) (26,617) 
TOTAL SOLD     (48,091) 
TOTAL FUTURES CONTRACTS     $(20,246) 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

The notional amount of futures sold as a percentage of Net Assets is 0.3%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $159,383.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $14,738 
Total $14,738 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $35,257,766 $14,739,403 $6,373,554 $3,214,689 $(131,612) $1,810,933 $45,302,936 
Fidelity Advisor Series Equity Value Fund 40,711,563 8,794,623 2,954,979 1,532,713 (29,410) (1,526,372) -- 
Fidelity Advisor Series Growth & Income Fund 62,431,831 16,416,685 4,551,923 6,157,447 (18,915) (5,700,139) -- 
Fidelity Advisor Series Growth Opportunities Fund 23,131,051 12,124,615 6,165,465 5,038,742 168,126 3,836,861 33,095,188 
Fidelity Advisor Series Opportunistic Insights Fund 32,751,801 8,132,560 2,378,126 2,940,841 3,433 (6,223,305) -- 
Fidelity Advisor Series Small Cap Fund 17,635,097 7,871,488 3,128,055 1,820,589 (148,111) (1,864,882) 20,365,537 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 41,106,481 10,891,588 2,948,552 3,870,324 (26,490) (856,706) -- 
Fidelity Series 100 Index Fund 17,322,149 -- 18,596,135 -- 5,457,697 (4,183,711) -- 
Fidelity Series All-Sector Equity Fund 24,199,576 10,981,001 11,239,407 4,979,265 (176,878) (2,800,035) 20,964,257 
Fidelity Series Canada Fund 4,795,728 1,990,757 925,476 126,234 (16,294) 85,760 5,930,475 
Fidelity Series Commodity Strategy Fund 11,380,188 8,924,539 2,974,299 872,930 (479,183) (1,195,764) 15,655,481 
Fidelity Series Emerging Markets Debt Fund 3,454,885 1,137,795 562,473 220,129 (16,033) (154,237) 3,859,937 
Fidelity Series Emerging Markets Fund -- 6,389,085 470,483 23,227 (9,155) 209,692 6,119,139 
Fidelity Series Emerging Markets Opportunities Fund 49,716,265 27,082,445 11,817,788 4,282,144 (539,495) (7,332,298) 57,109,129 
Fidelity Series Floating Rate High Income Fund 1,232,572 393,333 819,637 69,662 (44,033) 18,748 780,983 
Fidelity Series Government Money Market Fund 2.50% 8,792,437 10,496,070 14,765,487 149,392 -- -- 4,523,020 
Fidelity Series High Income Fund 7,612,274 2,443,935 3,278,244 514,723 (81,959) (21,224) 6,674,782 
Fidelity Series Inflation-Protected Bond Index Fund 4,372,056 1,316,819 3,898,135 36,648 (47,986) 81,993 1,824,747 
Fidelity Series International Credit Fund 229,849 11,650 -- 11,650 -- (601) 240,898 
Fidelity Series International Growth Fund 48,270,376 22,449,944 9,288,759 3,527,197 (314,089) (2,625,344) 58,492,128 
Fidelity Series International Small Cap Fund 12,042,724 5,702,621 2,079,679 1,184,725 (125,817) (2,054,927) 13,484,922 
Fidelity Series International Value Fund 48,858,175 21,008,497 8,423,453 1,937,070 (443,605) (6,188,456) 54,811,158 
Fidelity Series Investment Grade Bond Fund 2,594,775 1,900,265 852,706 97,273 (11,827) 78,416 3,708,923 
Fidelity Series Large Cap Stock Fund -- 12,107,143 6,736,424 2,944,534 (377,578) 1,501,860 75,072,540 
Fidelity Series Large Cap Value Index Fund 6,806,286 2,571,752 1,228,513 371,060 (16,415) 80,797 8,213,907 
Fidelity Series Long-Term Treasury Bond Index Fund 12,223,528 18,404,412 9,088,160 581,130 (237,248) 1,123,704 22,426,236 
Fidelity Series Opportunistic Insights Fund -- 9,750,352 3,567,817 3,322,086 (314,747) 3,917,929 42,072,080 
Fidelity Series Real Estate Equity Fund 4,170,084 90,948 4,430,922 21,233 (113,492) 283,382 -- 
Fidelity Series Real Estate Income Fund 2,352,341 910,869 440,149 193,400 (4,621) 55,023 2,873,463 
Fidelity Series Short-Term Credit Fund 1,606,596 640,043 1,016,244 43,498 (4,454) 21,027 1,246,968 
Fidelity Series Small Cap Opportunities Fund 21,522,309 9,854,459 3,883,890 2,820,902 (149,284) (1,297,892) 26,045,702 
Fidelity Series Stock Selector Large Cap Value Fund -- 10,367,250 4,391,538 4,048,822 (414,117) (4,620,495) 49,107,421 
Fidelity Series Value Discovery Fund -- 8,738,007 4,331,614 2,826,615 (280,970) (1,171,987) 47,948,861 
 $546,580,763 $274,634,953 $157,608,086 $59,780,894 $1,055,438 $(36,712,250) $627,950,818 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $159,383 $-- $159,383 $-- 
Domestic Equity Funds 383,843,910 383,843,910 -- -- 
International Equity Funds 195,946,951 195,946,951 -- -- 
Bond Funds 42,389,969 42,389,969 -- -- 
Short-Term Funds 7,171,805 7,171,805 -- -- 
Total Investments in Securities: $629,512,018 $629,352,635 $159,383 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $27,845 $27,845 $-- $-- 
Total Assets $27,845 $27,845 $-- $-- 
Liabilities     
Futures Contracts $(48,091) $(48,091) $-- $-- 
Total Liabilities $(48,091) $(48,091) $-- $-- 
Total Derivative Instruments: $(20,246) $(20,246) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(48,091) 
Total Equity Risk (48,091) 
Interest Rate Risk   
Futures Contracts(a) 27,845 
Total Interest Rate Risk 27,845 
Total Value of Derivatives $27,845 $(48,091) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $159,373) 
$159,383  
Fidelity Central Funds (cost $1,401,817) 1,401,817  
Other affiliated issuers (cost $606,125,671) 627,950,818  
Total Investment in Securities (cost $607,686,861)  $629,512,018 
Cash  15,964 
Receivable for investments sold  948,999 
Receivable for fund shares sold  1,162,911 
Distributions receivable from Fidelity Central Funds  2,843 
Total assets  631,642,735 
Liabilities   
Payable for investments purchased $1,539,382  
Payable for fund shares redeemed 572,461  
Accrued management fee 380,291  
Distribution and service plan fees payable 86,631  
Payable for daily variation margin on futures contracts 24,978  
Total liabilities  2,603,743 
Net Assets  $629,038,992 
Net Assets consist of:   
Paid in capital  $583,486,398 
Total distributable earnings (loss)  45,552,594 
Net Assets  $629,038,992 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($212,427,867 ÷ 16,880,624 shares)  $12.58 
Maximum offering price per share (100/94.25 of $12.58)  $13.35 
Class M:   
Net Asset Value and redemption price per share ($83,857,871 ÷ 6,705,094 shares)  $12.51 
Maximum offering price per share (100/96.50 of $12.51)  $12.96 
Class C:   
Net Asset Value and offering price per share ($10,991,245 ÷ 883,832 shares)(a)  $12.44 
Class I:   
Net Asset Value, offering price and redemption price per share ($308,366,459 ÷ 24,402,824 shares)  $12.64 
Class Z:   
Net Asset Value, offering price and redemption price per share ($427,961 ÷ 34,018 shares)  $12.58 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($12,967,589 ÷ 1,027,663 shares)  $12.62 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $14,159,702 
Interest  6,680 
Income from Fidelity Central Funds  14,738 
Total income  14,181,120 
Expenses   
Management fee $4,365,282  
Distribution and service plan fees 1,004,683  
Independent trustees' fees and expenses 2,735  
Total expenses before reductions 5,372,700  
Expense reductions (70)  
Total expenses after reductions  5,372,630 
Net investment income (loss)  8,808,490 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 1,300  
Fidelity Central Funds  
Other affiliated issuers 1,055,438  
Futures contracts (205,021)  
Capital gain distributions from underlying funds:   
Affiliated issuers 45,621,192  
Total net realized gain (loss)  46,472,911 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 10  
Affiliated issuers (36,712,250)  
Futures contracts (20,246)  
Total change in net unrealized appreciation (depreciation)  (36,732,486) 
Net gain (loss)  9,740,425 
Net increase (decrease) in net assets resulting from operations  $18,548,915 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $8,808,490 $4,172,517 
Net realized gain (loss) 46,472,911 28,526,248 
Change in net unrealized appreciation (depreciation) (36,732,486) 24,677,049 
Net increase (decrease) in net assets resulting from operations 18,548,915 57,375,814 
Distributions to shareholders (49,941,562) – 
Distributions to shareholders from net investment income – (5,050,072) 
Distributions to shareholders from net realized gain – (11,461,480) 
Total distributions (49,941,562) (16,511,552) 
Share transactions - net increase (decrease) 114,273,357 102,640,679 
Total increase (decrease) in net assets 82,880,710 143,504,941 
Net Assets   
Beginning of period 546,158,282 402,653,341 
End of period $629,038,992 $546,158,282 
Other Information   
Distributions in excess of net investment income end of period  $(451,800) 

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


Financial Highlights

Fidelity Advisor Freedom 2055 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.37 $12.19 $11.02 $11.92 $11.71 
Income from Investment Operations      
Net investment income (loss)A .18 .11 .14 .15 .16 
Net realized and unrealized gain (loss) .15 1.51 1.51 (.59) .62 
Total from investment operations .33 1.62 1.65 (.44) .78 
Distributions from net investment income (.19) (.13) (.14) (.14) (.15) 
Distributions from net realized gain (.93) (.32) (.34) (.31) (.42) 
Total distributions (1.12) (.44)B (.48) (.46)C (.57) 
Net asset value, end of period $12.58 $13.37 $12.19 $11.02 $11.92 
Total ReturnD,E 3.08% 13.40% 15.49% (3.89)% 6.85% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .99%H .88% .25% .25% .25% 
Expenses net of fee waivers, if any .99%H .88% .25% .25% .25% 
Expenses net of all reductions .99%H .88% .25% .25% .25% 
Net investment income (loss) 1.41% .81% 1.24% 1.31% 1.39% 
Supplemental Data      
Net assets, end of period (000 omitted) $212,428 $209,824 $170,352 $130,309 $115,666 
Portfolio turnover rateF 27% 18% 24% 24% 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 $.125 and distributions from net realized gain of $.317 per share.

 C 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.

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

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


Fidelity Advisor Freedom 2055 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.31 $12.14 $10.98 $11.88 $11.68 
Income from Investment Operations      
Net investment income (loss)A .15 .07 .11 .12 .13 
Net realized and unrealized gain (loss) .15 1.52 1.51 (.59) .62 
Total from investment operations .30 1.59 1.62 (.47) .75 
Distributions from net investment income (.18) (.11) (.12) (.12) (.13) 
Distributions from net realized gain (.93) (.31) (.34) (.31) (.42) 
Total distributions (1.10)B (.42) (.46) (.43) (.55) 
Net asset value, end of period $12.51 $13.31 $12.14 $10.98 $11.88 
Total ReturnC,D 2.86% 13.15% 15.27% (4.11)% 6.55% 
Ratios to Average Net AssetsE,F      
Expenses before reductions 1.25% 1.14% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25% 1.14% .50% .50% .50% 
Expenses net of all reductions 1.25% 1.14% .50% .50% .50% 
Net investment income (loss) 1.16% .56% .99% 1.06% 1.14% 
Supplemental Data      
Net assets, end of period (000 omitted) $83,858 $73,101 $58,052 $41,956 $33,436 
Portfolio turnover rateE 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.10 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.927 per share.

 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.

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


Fidelity Advisor Freedom 2055 Fund Class C

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.26 $12.11 $10.98 $11.88 $11.69 
Income from Investment Operations      
Net investment income (loss)A .08 .01 .06 .06 .08 
Net realized and unrealized gain (loss) .16 1.51 1.49 (.58) .61 
Total from investment operations .24 1.52 1.55 (.52) .69 
Distributions from net investment income (.13) (.06) (.08) (.08) (.09) 
Distributions from net realized gain (.93) (.31) (.34) (.30) (.41) 
Total distributions (1.06) (.37) (.42) (.38) (.50) 
Net asset value, end of period $12.44 $13.26 $12.11 $10.98 $11.88 
Total ReturnB,C 2.32% 12.62% 14.62% (4.53)% 6.01% 
Ratios to Average Net AssetsD,E      
Expenses before reductions 1.74%F 1.64% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%F 1.64% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%F 1.64% 1.00% 1.00% 1.00% 
Net investment income (loss) .66% .05% .49% .56% .65% 
Supplemental Data      
Net assets, end of period (000 omitted) $10,991 $10,685 $8,529 $5,671 $4,180 
Portfolio turnover rateD 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

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

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

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

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


Fidelity Advisor Freedom 2055 Fund Class I

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.43 $12.24 $11.06 $11.96 $11.74 
Income from Investment Operations      
Net investment income (loss)A .21 .14 .17 .18 .19 
Net realized and unrealized gain (loss) .15 1.53 1.51 (.60) .63 
Total from investment operations .36 1.67 1.68 (.42) .82 
Distributions from net investment income (.22) (.16) (.16) (.17) (.18) 
Distributions from net realized gain (.93) (.32) (.34) (.31) (.42) 
Total distributions (1.15) (.48) (.50) (.48) (.60) 
Net asset value, end of period $12.64 $13.43 $12.24 $11.06 $11.96 
Total ReturnB 3.34% 13.74% 15.81% (3.64)% 7.15% 
Ratios to Average Net AssetsC,D      
Expenses before reductions .75% .64% - %E - %E - %E 
Expenses net of fee waivers, if any .75% .64% -% -% -% 
Expenses net of all reductions .75% .64% -% -% -% 
Net investment income (loss) 1.66% 1.05% 1.49% 1.56% 1.64% 
Supplemental Data      
Net assets, end of period (000 omitted) $308,366 $249,432 $165,720 $119,597 $87,769 
Portfolio turnover rateC 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount represents less than .005%.

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


Fidelity Advisor Freedom 2055 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.57 
Income from Investment Operations  
Net investment income (loss)B .38 
Net realized and unrealized gain (loss) (.65)C 
Total from investment operations (.27) 
Distributions from net investment income (.28) 
Distributions from net realized gain (.43) 
Total distributions (.72)D 
Net asset value, end of period $12.58 
Total ReturnE,F (1.35)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .65%I,J 
Expenses net of fee waivers, if any .65%I,J 
Expenses net of all reductions .65%I,J 
Net investment income (loss) 6.29%I 
Supplemental Data  
Net assets, end of period (000 omitted) $428 
Portfolio turnover rateG 27% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.72 per share is comprised of distributions from net investment income of $.281 and distributions from net realized gain of $.434 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. 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.

 I Annualized

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

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


Fidelity Advisor Freedom 2055 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.42 $12.63 
Income from Investment Operations   
Net investment income (loss)B .24 .47 
Net realized and unrealized gain (loss) .15 .69 
Total from investment operations .39 1.16 
Distributions from net investment income (.26) (.19) 
Distributions from net realized gain (.93) (.18) 
Total distributions (1.19) (.37) 
Net asset value, end of period $12.62 $13.42 
Total ReturnC,D 3.59% 9.16% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .50%G .50%G,H 
Expenses net of fee waivers, if any .50%G .50%G,H 
Expenses net of all reductions .50%G .50%G,H 
Net investment income (loss) 1.91% 4.26%H 
Supplemental Data   
Net assets, end of period (000 omitted) $12,968 $3,116 
Portfolio turnover rateE 27% 18% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 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. Expenses net of fee waivers reflect expenses after reimbursement by 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 12.0 
Fidelity Series International Growth Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 9.1 
Fidelity Series International Value Fund 8.7 
Fidelity Series Stock Selector Large Cap Value Fund 7.8 
Fidelity Series Value Discovery Fund 7.6 
Fidelity Advisor Series Equity Growth Fund 7.2 
Fidelity Series Opportunistic Insights Fund 6.7 
Fidelity Advisor Series Growth Opportunities Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 4.2 
 77.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.1% 
   International Equity Funds 31.2% 
   Bond Funds 6.7% 
   Short-Term Funds 1.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

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

Fidelity Advisor Freedom® 2060 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 2.4% 5/30/19 (a)   
(Cost $39,844) 40,000 39,846 
 Shares Value 
Domestic Equity Funds - 61.1%   
Fidelity Advisor Series Equity Growth Fund (b) 775,842 $10,807,476 
Fidelity Advisor Series Growth Opportunities Fund (b) 541,315 7,827,409 
Fidelity Advisor Series Small Cap Fund (b) 466,912 4,893,239 
Fidelity Series All-Sector Equity Fund (b) 516,110 4,970,143 
Fidelity Series Commodity Strategy Fund (b) 781,557 3,728,027 
Fidelity Series Large Cap Stock Fund (b) 1,221,629 17,896,860 
Fidelity Series Large Cap Value Index Fund (b) 157,634 1,956,244 
Fidelity Series Opportunistic Insights Fund (b) 573,667 10,027,695 
Fidelity Series Small Cap Opportunities Fund (b) 463,754 6,242,123 
Fidelity Series Stock Selector Large Cap Value Fund (b) 991,047 11,694,360 
Fidelity Series Value Discovery Fund (b) 914,723 11,424,896 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $92,800,547)  91,468,472 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 137,206 1,414,595 
Fidelity Series Emerging Markets Fund (b) 148,566 1,454,460 
Fidelity Series Emerging Markets Opportunities Fund (b) 731,386 13,552,589 
Fidelity Series International Growth Fund (b) 916,489 13,921,466 
Fidelity Series International Small Cap Fund (b) 206,991 3,214,565 
Fidelity Series International Value Fund (b) 1,405,186 13,068,231 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $46,417,499)  46,625,906 
Bond Funds - 6.7%   
Fidelity Series Emerging Markets Debt Fund (b) 92,816 890,104 
Fidelity Series Floating Rate High Income Fund (b) 20,320 188,363 
Fidelity Series High Income Fund (b) 168,781 1,586,541 
Fidelity Series Inflation-Protected Bond Index Fund (b) 44,380 434,037 
Fidelity Series International Credit Fund (b) 3,241 32,058 
Fidelity Series Investment Grade Bond Fund (b) 76,655 856,998 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 602,599 5,345,055 
Fidelity Series Real Estate Income Fund (b) 64,308 701,595 
TOTAL BOND FUNDS   
(Cost $9,798,041)  10,034,751 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (c) 298,189 298,248 
Fidelity Series Government Money Market Fund 2.50%(b)(d) 1,076,148 1,076,148 
Fidelity Series Short-Term Credit Fund (b) 29,722 296,330 
TOTAL SHORT-TERM FUNDS   
(Cost $1,668,526)  1,670,726 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $150,724,457)  149,839,701 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (91,981) 
NET ASSETS - 100%  $149,747,720 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) June 2019 $283,780 $(8,589) $(8,589) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2019 317,220 (5,914) (5,914) 
TOTAL FUTURES CONTRACTS     $(14,503) 

The notional amount of futures sold as a percentage of Net Assets is 0.4%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $39,846.

 (b) Affiliated Fund

 (c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $2,788 
Total $2,788 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $6,288,635 $5,658,877 $1,466,370 $707,967 $(46,767) $373,101 $10,807,476 
Fidelity Advisor Series Equity Value Fund 7,280,061 2,863,215 506,547 315,375 (6,329) 30,552 -- 
Fidelity Advisor Series Growth & Income Fund 11,166,059 4,992,961 775,814 1,232,413 (8,249) (462,261) -- 
Fidelity Advisor Series Growth Opportunities Fund 4,124,065 4,247,197 1,329,614 1,106,480 (26,036) 811,797 7,827,409 
Fidelity Advisor Series Opportunistic Insights Fund 5,834,760 2,587,956 411,082 604,806 (1,541) (483,852) -- 
Fidelity Advisor Series Small Cap Fund 3,146,914 2,888,999 712,594 401,871 (36,207) (393,873) 4,893,239 
Fidelity Advisor Series Stock Selector Large Cap Value Fund 7,352,294 3,217,852 506,995 790,396 (7,650) 80,511 -- 
Fidelity Series 100 Index Fund 3,048,825 -- 3,273,764 -- 568,573 (343,634) -- 
Fidelity Series All-Sector Equity Fund 4,321,439 3,689,555 2,350,476 1,090,197 (75,009) (615,366) 4,970,143 
Fidelity Series Canada Fund 856,840 749,059 206,339 27,335 (5,725) 20,760 1,414,595 
Fidelity Series Commodity Strategy Fund 2,033,402 2,659,334 619,463 179,489 (25,671) (319,575) 3,728,027 
Fidelity Series Emerging Markets Debt Fund 582,422 461,328 126,170 44,315 (6,867) (20,609) 890,104 
Fidelity Series Emerging Markets Fund -- 1,534,127 131,766 5,077 (3,908) 56,007 1,454,460 
Fidelity Series Emerging Markets Opportunities Fund 8,861,174 8,570,217 2,448,208 935,876 (210,497) (1,220,097) 13,552,589 
Fidelity Series Floating Rate High Income Fund 232,073 155,520 193,765 14,958 (1,947) (3,518) 188,363 
Fidelity Series Government Money Market Fund 2.50% 1,561,672 2,706,400 3,191,924 30,945 -- -- 1,076,148 
Fidelity Series High Income Fund 1,351,010 972,792 717,943 107,637 (9,084) (10,234) 1,586,541 
Fidelity Series Inflation-Protected Bond Index Fund 790,717 425,866 789,749 7,904 (8,274) 15,477 434,037 
Fidelity Series International Credit Fund 30,588 1,550 -- 1,550 -- (80) 32,058 
Fidelity Series International Growth Fund 8,611,222 7,889,101 2,039,372 771,850 (83,727) (455,758) 13,921,466 
Fidelity Series International Small Cap Fund 2,147,956 1,977,288 470,863 259,374 (38,395) (401,421) 3,214,565 
Fidelity Series International Value Fund 8,722,314 7,606,918 1,907,767 423,637 (169,045) (1,184,189) 13,068,231 
Fidelity Series Investment Grade Bond Fund 462,499 621,724 242,838 20,289 (2,951) 18,564 856,998 
Fidelity Series Large Cap Stock Fund -- 5,246,673 1,775,640 640,197 (108,096) (378,773) 17,896,860 
Fidelity Series Large Cap Value Index Fund 1,220,452 1,000,958 277,059 81,874 (6,117) 18,010 1,956,244 
Fidelity Series Long-Term Treasury Bond Index Fund 2,189,125 4,759,447 1,828,872 122,027 (41,692) 267,047 5,345,055 
Fidelity Series Opportunistic Insights Fund -- 3,547,330 951,546 730,243 (67,958) (26,372) 10,027,695 
Fidelity Series Real Estate Equity Fund 730,473 46,531 807,279 3,914 (29,795) 60,070 -- 
Fidelity Series Real Estate Income Fund 427,825 360,480 98,779 41,359 (1,430) 13,499 701,595 
Fidelity Series Short-Term Credit Fund 295,984 226,706 230,264 9,310 (941) 4,845 296,330 
Fidelity Series Small Cap Opportunities Fund 3,829,440 3,604,231 888,556 587,435 (39,806) (263,186) 6,242,123 
Fidelity Series Stock Selector Large Cap Value Fund -- 4,041,289 1,156,405 890,477 (139,712) (1,186,824) 11,694,360 
Fidelity Series Value Discovery Fund -- 3,580,817 1,141,945 617,980 (75,092) (599,836) 11,424,896 
 $97,500,240 $92,892,298 $33,575,768 $12,804,557 $(715,945) $(6,599,218) $149,501,607 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2019, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $39,846 $-- $39,846 $-- 
Domestic Equity Funds 91,468,472 91,468,472 -- -- 
International Equity Funds 46,625,906 46,625,906 -- -- 
Bond Funds 10,034,751 10,034,751 -- -- 
Short-Term Funds 1,670,726 1,670,726 -- -- 
Total Investments in Securities: $149,839,701 $149,799,855 $39,846 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(14,503) $(14,503) $-- $-- 
Total Liabilities $(14,503) $(14,503) $-- $-- 
Total Derivative Instruments: $(14,503) $(14,503) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(14,503) 
Total Equity Risk (14,503) 
Total Value of Derivatives $0 $(14,503) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in distributable earnings.

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


Fidelity Advisor Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $39,844) 
$39,846  
Fidelity Central Funds (cost $298,248) 298,248  
Other affiliated issuers (cost $150,386,365) 149,501,607  
Total Investment in Securities (cost $150,724,457)  $149,839,701 
Cash  24,492 
Receivable for investments sold  232,278 
Receivable for fund shares sold  678,645 
Distributions receivable from Fidelity Central Funds  623 
Total assets  150,775,739 
Liabilities   
Payable for investments purchased $743,645  
Payable for fund shares redeemed 167,243  
Accrued management fee 89,523  
Distribution and service plan fees payable 22,005  
Payable for daily variation margin on futures contracts 5,603  
Total liabilities  1,028,019 
Net Assets  $149,747,720 
Net Assets consist of:   
Paid in capital  $145,681,099 
Total distributable earnings (loss)  4,066,621 
Net Assets  $149,747,720 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($55,732,192 ÷ 4,927,522 shares)  $11.31 
Maximum offering price per share (100/94.25 of $11.31)  $12.00 
Class M:   
Net Asset Value and redemption price per share ($19,069,951 ÷ 1,688,459 shares)  $11.29 
Maximum offering price per share (100/96.50 of $11.29)  $11.70 
Class C:   
Net Asset Value and offering price per share ($3,723,456 ÷ 329,767 shares)(a)  $11.29 
Class I:   
Net Asset Value, offering price and redemption price per share ($68,445,441 ÷ 6,026,165 shares)  $11.36 
Class Z:   
Net Asset Value, offering price and redemption price per share ($283,695 ÷ 25,059 shares)  $11.32 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,492,985 ÷ 219,493 shares)  $11.36 

 (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

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $3,023,221 
Interest  1,513 
Income from Fidelity Central Funds  2,788 
Total income  3,027,522 
Expenses   
Management fee $908,409  
Distribution and service plan fees 221,828  
Independent trustees' fees and expenses 548  
Total expenses before reductions 1,130,785  
Expense reductions (119)  
Total expenses after reductions  1,130,666 
Net investment income (loss)  1,896,856 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 270  
Affiliated issuers (715,945)  
Futures contracts (2,165)  
Capital gain distributions from underlying funds:   
Affiliated issuers 9,781,336  
Total net realized gain (loss)  9,063,496 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Affiliated issuers (6,599,218)  
Futures contracts (14,503)  
Total change in net unrealized appreciation (depreciation)  (6,613,719) 
Net gain (loss)  2,449,777 
Net increase (decrease) in net assets resulting from operations  $4,346,633 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,896,856 $632,280 
Net realized gain (loss) 9,063,496 4,117,080 
Change in net unrealized appreciation (depreciation) (6,613,719) 2,766,010 
Net increase (decrease) in net assets resulting from operations 4,346,633 7,515,370 
Distributions to shareholders (8,781,108) – 
Distributions to shareholders from net investment income – (781,225) 
Distributions to shareholders from net realized gain – (1,302,479) 
Total distributions (8,781,108) (2,083,704) 
Share transactions - net increase (decrease) 56,756,059 48,422,056 
Total increase (decrease) in net assets 52,321,584 53,853,722 
Net Assets   
Beginning of period 97,426,136 43,572,414 
End of period $149,747,720 $97,426,136 
Other Information   
Distributions in excess of net investment income end of period  $(92,114) 

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


Financial Highlights

Fidelity Advisor Freedom 2060 Fund Class A

Years ended March 31, 2019 2018 2017 2016 2015 A 
Selected Per–Share Data      
Net asset value, beginning of period $11.86 $10.76 $9.62 $10.34 $10.00 
Income from Investment Operations      
Net investment income (loss)B .17 .10 .13 .12 .15 
Net realized and unrealized gain (loss) .13 1.34 1.33 (.51) .37 
Total from investment operations .30 1.44 1.46 (.39) .52 
Distributions from net investment income (.17) (.11) (.12) (.11) (.10) 
Distributions from net realized gain (.68) (.23) (.20) (.22) (.08) 
Total distributions (.85) (.34) (.32) (.33) (.18) 
Net asset value, end of period $11.31 $11.86 $10.76 $9.62 $10.34 
Total ReturnC,D,E 3.09% 13.44% 15.55% (3.89)% 5.24% 
Ratios to Average Net AssetsF,G      
Expenses before reductions 1.00% .91% .25% .25% .25%H 
Expenses net of fee waivers, if any 1.00% .91% .25% .25% .25%H 
Expenses net of all reductions 1.00% .91% .25% .25% .25%H 
Net investment income (loss) 1.48% .84% 1.30% 1.29% 2.24%H 
Supplemental Data      
Net assets, end of period (000 omitted) $55,732 $37,880 $18,482 $9,058 $2,267 
Portfolio turnover rateF 27% 16% 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 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 2060 Fund Class M

Years ended March 31, 2019 2018 2017 2016 2015 A 
Selected Per–Share Data      
Net asset value, beginning of period $11.85 $10.77 $9.63 $10.33 $10.00 
Income from Investment Operations      
Net investment income (loss)B .14 .07 .11 .10 .13 
Net realized and unrealized gain (loss) .14 1.33 1.33 (.51) .38 
Total from investment operations .28 1.40 1.44 (.41) .51 
Distributions from net investment income (.16) (.10) (.10) (.08) (.09) 
Distributions from net realized gain (.68) (.22) (.20) (.21) (.08) 
Total distributions (.84) (.32) (.30) (.29) (.18)C 
Net asset value, end of period $11.29 $11.85 $10.77 $9.63 $10.33 
Total ReturnD,E,F 2.82% 13.04% 15.29% (4.09)% 5.07% 
Ratios to Average Net AssetsG,H      
Expenses before reductions 1.25% 1.16% .50% .50% .51%I,J 
Expenses net of fee waivers, if any 1.25% 1.16% .50% .50% .51%I,J 
Expenses net of all reductions 1.25% 1.16% .50% .50% .51%I,J 
Net investment income (loss) 1.23% .59% 1.05% 1.04% 1.98%I 
Supplemental Data      
Net assets, end of period (000 omitted) $19,070 $12,628 $5,719 $3,189 $2,062 
Portfolio turnover rateG 27% 16% 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 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause 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

Years ended March 31, 2019 2018 2017 2016 2015 A 
Selected Per–Share Data      
Net asset value, beginning of period $11.87 $10.81 $9.68 $10.31 $10.00 
Income from Investment Operations      
Net investment income (loss)B .08 .01 .06 .05 .10 
Net realized and unrealized gain (loss) .14 1.34 1.33 (.51) .38 
Total from investment operations .22 1.35 1.39 (.46) .48 
Distributions from net investment income (.12) (.07) (.06) – (.08) 
Distributions from net realized gain (.68) (.22) (.20) (.17) (.08) 
Total distributions (.80) (.29) (.26) (.17) (.17)C 
Net asset value, end of period $11.29 $11.87 $10.81 $9.68 $10.31 
Total ReturnD,E,F 2.33% 12.53% 14.65% (4.60)% 4.77% 
Ratios to Average Net AssetsG,H      
Expenses before reductions 1.75% 1.66% 1.00% .99% 1.02%I,J 
Expenses net of fee waivers, if any 1.75% 1.66% 1.00% .99% 1.02%I,J 
Expenses net of all reductions 1.75% 1.66% 1.00% .99% 1.02%I,J 
Net investment income (loss) .72% .09% .55% .55% 1.47%I 
Supplemental Data      
Net assets, end of period (000 omitted) $3,723 $2,604 $1,209 $1,292 $1,322 
Portfolio turnover rateG 27% 16% 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 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause 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

Years ended March 31, 2019 2018 2017 2016 2015 A 
Selected Per–Share Data      
Net asset value, beginning of period $11.90 $10.80 $9.65 $10.35 $10.00 
Income from Investment Operations      
Net investment income (loss)B .20 .13 .16 .15 .17 
Net realized and unrealized gain (loss) .13 1.33 1.33 (.50) .37 
Total from investment operations .33 1.46 1.49 (.35) .54 
Distributions from net investment income (.20) (.13) (.13) (.12) (.10) 
Distributions from net realized gain (.68) (.23) (.20) (.23) (.08) 
Total distributions (.87)C (.36) (.34)D (.35) (.19)E 
Net asset value, end of period $11.36 $11.90 $10.80 $9.65 $10.35 
Total ReturnF,G 3.38% 13.63% 15.82% (3.54)% 5.38% 
Ratios to Average Net AssetsH,I      
Expenses before reductions .75% .66% - %J - %J - %J,K 
Expenses net of fee waivers, if any .75% .66% -% -% - %K 
Expenses net of all reductions .75% .66% -% -% - %K 
Net investment income (loss) 1.73% 1.09% 1.55% 1.54% 2.49%K 
Supplemental Data      
Net assets, end of period (000 omitted) $68,445 $43,513 $18,162 $5,845 $399 
Portfolio turnover rateH 27% 16% 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 Total distributions of $.87 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.679 per share.

 D 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.

 E 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.

 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 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 Amount represents less than .005%.

 K Annualized

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


Fidelity Advisor Freedom 2060 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.10 
Income from Investment Operations  
Net investment income (loss)B .23 
Net realized and unrealized gain (loss) (.46)C 
Total from investment operations (.23) 
Distributions from net investment income (.24) 
Distributions from net realized gain (.31) 
Total distributions (.55) 
Net asset value, end of period $11.32 
Total ReturnD,E (1.34)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .64%H,I 
Expenses net of fee waivers, if any .64%H,I 
Expenses net of all reductions .64%H,I 
Net investment income (loss) 4.28%H 
Supplemental Data  
Net assets, end of period (000 omitted) $284 
Portfolio turnover rateF 27% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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


Fidelity Advisor Freedom 2060 Fund Class Z6

Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.90 $11.16 
Income from Investment Operations   
Net investment income (loss)B .23 .33 
Net realized and unrealized gain (loss) .13 .69 
Total from investment operations .36 1.02 
Distributions from net investment income (.22) (.16) 
Distributions from net realized gain (.68) (.13) 
Total distributions (.90) (.28)C 
Net asset value, end of period $11.36 $11.90 
Total ReturnD,E 3.63% 9.14% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .50%H .50%H,I 
Expenses net of fee waivers, if any .50%H .50%H,I 
Expenses net of all reductions .50%H .50%H,I 
Net investment income (loss) 1.98% 3.41%I 
Supplemental Data   
Net assets, end of period (000 omitted) $2,493 $802 
Portfolio turnover rateF 27% 16% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.28 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.127 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Annualized

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


Notes to Financial Statements

For the period ended March 31, 2019

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, Class Z 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 Z shares on October 2, 2018. Effective March 1, 2019, Class C shares will automatically convert to Class A shares after a holding period of ten years from the initial date of purchase, with certain exceptions. 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). Certain Underlying Funds incurred name changes since their most recent shareholder report. The names of the Underlying Funds are those in effect at period end. In the prior year, the Funds transitioned their portfolios to invest exclusively in classes of the Fidelity Series funds, offered only to certain other Fidelity funds advised by FMR or its affiliates. During the period, certain of the Underlying Funds merged as follows:

Target Fund Acquiring Fund Merger Date 
Fidelity Advisor Series Equity Value Fund  Fidelity Series Value Discovery Fund  September 21, 2018 
Fidelity Advisor Series Growth & Income Fund Fidelity Series Large Cap Stock Fund   September 21, 2018 
Fidelity Advisor Series Opportunistic Insights Fund  Fidelity Series Opportunistic Insights Fund  September 21, 2018 
Fidelity Advisor Series Stock Selector Large Cap Value Fund Fidelity Series Stock Selector Large Cap Value Fund  September 14, 2018 

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. 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. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by the each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee. 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. Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded 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 and include proceeds received from litigation. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

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. As of March 31, 2019, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. 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 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 capital gain distributions from the Underlying Funds, futures contracts, market discount 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) 
Advisor Freedom Income $216,538,309 $10,886,025 $(1,774,400) $9,111,625 
Advisor Freedom 2005 153,776,089 11,344,195 (613,798) 10,730,397 
Advisor Freedom 2010 386,814,087 35,220,793 (1,941,087) 33,279,706 
Advisor Freedom 2015 882,507,294 105,718,804 (4,941,565) 100,777,239 
Advisor Freedom 2020 2,057,981,156 252,055,117 (17,371,859) 234,683,258 
Advisor Freedom 2025 2,613,894,761 324,499,856 (32,876,293) 291,623,563 
Advisor Freedom 2030 2,647,219,201 366,700,172 (38,961,332) 327,738,840 
Advisor Freedom 2035 2,109,583,182 325,295,006 (40,491,278) 284,803,728 
Advisor Freedom 2040 1,911,521,917 303,550,886 (39,379,046) 264,171,840 
Advisor Freedom 2045 1,255,801,238 172,220,768 (33,216,428) 139,004,340 
Advisor Freedom 2050 1,021,915,433 134,392,233 (27,995,628) 106,396,605 
Advisor Freedom 2055 613,222,778 43,038,098 (26,748,858) 16,289,240 
Advisor Freedom 2060 152,308,828 5,807,168 (8,276,295) (2,469,127) 

The tax-based components of distributable earnings as of period end were as follows for each Fund:

 Undistributed ordinary income Undistributed long-term capital gain Net unrealized appreciation (depreciation) on securities and other investments 
Advisor Freedom Income $345,796 $2,019,907 $9,111,625 
Advisor Freedom 2005 442,943 2,191,790 10,730,397 
Advisor Freedom 2010 910,875 8,394,594 33,279,706 
Advisor Freedom 2015 1,421,298 25,187,548 100,777,239 
Advisor Freedom 2020 1,835,173 69,656,063 234,683,258 
Advisor Freedom 2025 2,739,475 98,500,431 291,623,563 
Advisor Freedom 2030 1,457,365 121,811,569 327,738,840 
Advisor Freedom 2035 1,190,585 113,192,512 284,803,728 
Advisor Freedom 2040 963,725 107,206,314 264,171,840 
Advisor Freedom 2045 718,788 68,090,258 139,004,340 
Advisor Freedom 2050 813,787 54,719,761 106,396,605 
Advisor Freedom 2055 563,699 29,699,729 16,289,240 
Advisor Freedom 2060 154,982 6,613,385 (2,469,127) 

Certain of the Funds intend to elect to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to December 31, 2018. Loss deferrals were as follows:

 Capital losses 
Advisor Freedom 2020 $621,115 

Certain of the Funds intend to elect to defer to the next fiscal year ordinary losses recognized during the period January 1, 2019 to March 31, 2019. Loss deferrals were as follows:

 Ordinary Losses 
Advisor Freedom 2030 $698,073 
Advisor Freedom 2035 3,293,429 
Advisor Freedom 2040 3,803,893 
Advisor Freedom 2045 2,333,328 
Advisor Freedom 2050 1,896,738 
Advisor Freedom 2055 1,000,074 
Advisor Freedom 2060 232,619 

The tax character of distributions paid was as follows:

March 31, 2019    
 Ordinary Income Long-term Capital Gains Total 
Advisor Freedom Income $5,220,574 $6,646,962 $11,867,536 
Advisor Freedom 2005 4,168,017 9,316,705 13,484,722 
Advisor Freedom 2010 9,986,497 26,154,506 36,141,003 
Advisor Freedom 2015 23,645,771 72,444,459 96,090,230 
Advisor Freedom 2020 55,628,035 146,778,899 202,406,934 
Advisor Freedom 2025 68,464,636 178,254,357 246,718,993 
Advisor Freedom 2030 68,808,412 205,744,973 274,553,385 
Advisor Freedom 2035 51,664,592 185,484,438 237,149,030 
Advisor Freedom 2040 45,669,659 168,998,076 214,667,735 
Advisor Freedom 2045 29,480,638 103,862,304 133,342,942 
Advisor Freedom 2050 23,407,319 82,219,197 105,626,516 
Advisor Freedom 2055 12,761,189 37,180,373 49,941,562 
Advisor Freedom 2060 2,743,748 6,037,360 8,781,108 

March 31, 2018    
 Ordinary Income Long-term Capital Gains Total 
Advisor Freedom Income $3,479,795 $4,575,169 $8,054,964 
Advisor Freedom 2005 3,441,596 6,709,249 10,150,845 
Advisor Freedom 2010 8,293,057 22,575,387 30,868,444 
Advisor Freedom 2015 20,730,129 58,088,151 78,818,280 
Advisor Freedom 2020 45,067,657 101,465,148 146,532,805 
Advisor Freedom 2025 52,699,296 102,487,190 155,186,486 
Advisor Freedom 2030 48,565,136 111,543,730 160,108,866 
Advisor Freedom 2035 37,748,798 81,868,954 119,617,752 
Advisor Freedom 2040 33,812,317 77,196,866 111,009,183 
Advisor Freedom 2045 21,019,495 38,018,542 59,038,037 
Advisor Freedom 2050 17,138,592 27,266,480 44,405,072 
Advisor Freedom 2055 8,442,111 8,069,441 16,511,552 
Advisor Freedom 2060 1,263,393 820,311 2,083,704 

New Rule Issuance. During August 2018, the U.S. Securities and Exchange Commission issued Final Rule Release No. 33-10532, Disclosure Update and Simplification. This Final Rule includes amendments specific to registered investment companies that are intended to eliminate overlap in disclosure requirements between Regulation S-X and GAAP. In accordance with these amendments, certain line-items in the Funds' financial statements have been combined or removed for the current period as outlined in the table below.

Financial Statement Current Line-Item Presentation (As Applicable) Prior Line-Item Presentation (As Applicable) 
Statement of Assets and Liabilities Total distributable earnings (loss) Undistributed/Distributions in excess of/Accumulated net investment income (loss)
Accumulated/Undistributed net realized gain (loss)
Net unrealized appreciation (depreciation) 
Statement of Changes in Net Assets N/A - removed Undistributed/Distributions in excess of/Accumulated net investment income (loss) end of period 
Statement of Changes in Net Assets Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 
Distributions to Shareholders Note to Financial Statements Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risks:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Interest Rate Risk Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates. 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Advisor Freedom Income   
Equity Risk   
Futures Contracts $12,096 $(33,657) 
Total Equity Risk 12,096 (33,657) 
Interest Rate Risk   
Futures Contracts 89,004 4,557 
Total Interest Rate Risk 89,004 4,557 
Totals $101,100 $(29,100) 
Advisor Freedom 2005   
Equity Risk   
Futures Contracts $33,440 $(25,068) 
Total Equity Risk 33,440 (25,068) 
Interest Rate Risk   
Futures Contracts 95,850 5,875 
Total Interest Rate Risk 95,850 5,875 
Totals $129,290 $(19,193) 
Advisor Freedom 2010   
Equity Risk   
Futures Contracts $304,071 $(74,495) 
Total Equity Risk 304,071 (74,495) 
Interest Rate Risk   
Futures Contracts 100,365 31,299 
Total Interest Rate Risk 100,365 31,299 
Totals $404,436 $(43,196) 
Advisor Freedom 2015   
Equity Risk   
Futures Contracts $712,610 $(192,505) 
Total Equity Risk 712,610 (192,505) 
Interest Rate Risk   
Futures Contracts 274,906 86,639 
Total Interest Rate Risk 274,906 86,639 
Totals $987,516 $(105,866) 
Advisor Freedom 2020   
Equity Risk   
Futures Contracts $1,548,049 $(421,117) 
Total Equity Risk 1,548,049 (421,117) 
Interest Rate Risk   
Futures Contracts 614,196 216,050 
Total Interest Rate Risk 614,196 216,050 
Totals $2,162,245 $(205,067) 
Advisor Freedom 2025   
Equity Risk   
Futures Contracts $2,923,328 $(542,920) 
Total Equity Risk 2,923,328 (542,920) 
Interest Rate Risk   
Futures Contracts 821,304 294,441 
Total Interest Rate Risk 821,304 294,441 
Totals $3,744,632 $(248,479) 
Advisor Freedom 2030   
Equity Risk   
Futures Contracts $577,471 $(598,682) 
Total Equity Risk 577,471 (598,682) 
Interest Rate Risk   
Futures Contracts 523,798 258,543 
Total Interest Rate Risk 523,798 258,543 
Totals $1,101,269 $(340,139) 
Advisor Freedom 2035   
Equity Risk   
Futures Contracts $383,976 $(548,340) 
Total Equity Risk 383,976 (548,340) 
Interest Rate Risk   
Futures Contracts (983,603) 257,203 
Total Interest Rate Risk (983,603) 257,203 
Totals $(599,627) $(291,137) 
Advisor Freedom 2040   
Equity Risk   
Futures Contracts $(787,829) $(93,947) 
Total Equity Risk (787,829) (93,947) 
Interest Rate Risk   
Futures Contracts (128,301) 90,166 
Total Interest Rate Risk (128,301) 90,166 
Totals $(916,130) $(3,781) 
Advisor Freedom 2045   
Equity Risk   
Futures Contracts $(457,862) $(89,213) 
Total Equity Risk (457,862) (89,213) 
Interest Rate Risk   
Futures Contracts (94,503) 54,762 
Total Interest Rate Risk (94,503) 54,762 
Totals $(552,365) $(34,451) 
Advisor Freedom 2050   
Equity Risk   
Futures Contracts $(409,685) $(75,060) 
Total Equity Risk (409,685) (75,060) 
Interest Rate Risk   
Futures Contracts (27,401) 45,083 
Total Interest Rate Risk (27,401) 45,083 
Totals $(437,086) $(29,977) 
Advisor Freedom 2055   
Equity Risk   
Futures Contracts $(208,050) $(48,091) 
Total Equity Risk (208,050) (48,091) 
Interest Rate Risk   
Futures Contracts 3,029 27,845 
Total Interest Rate Risk 3,029 27,845 
Totals $(205,021) $(20,246) 
Advisor Freedom 2060   
Equity Risk   
Futures Contracts $(37,029) $(14,503) 
Total Equity Risk (37,029) (14,503) 
Interest Rate Risk   
Futures Contracts – – 
Total Interest Rate Risk – – 
Totals $(37,029) $(14,503) 

A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

5. Purchases and Sales of Investments.

Purchases and sales of securities including the Underlying Fund shares, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Advisor Freedom Income 92,372,992 79,609,557 
Advisor Freedom 2005 49,914,706 77,441,950 
Advisor Freedom 2010 104,576,752 153,563,418 
Advisor Freedom 2015 222,359,954 328,109,225 
Advisor Freedom 2020 515,710,492 662,387,742 
Advisor Freedom 2025 691,359,984 705,571,776 
Advisor Freedom 2030 729,077,077 636,319,028 
Advisor Freedom 2035 656,498,352 541,536,676 
Advisor Freedom 2040 570,189,393 455,080,144 
Advisor Freedom 2045 408,999,139 294,822,060 
Advisor Freedom 2050 359,731,172 259,188,331 
Advisor Freedom 2055 274,634,953 157,608,086 
Advisor Freedom 2060 92,892,298 33,575,768 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. 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, effective June 1, 2017, 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. Prior to June 1, 2017, the investment advisor provided the Funds with investment management related services. The Funds did not pay any fees for these services. For the reporting period, 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
(Classes Z, Z6) 
Fidelity Advisor Freedom Income Fund .465% .415% 
Fidelity Advisor Freedom 2005 Fund .482% .428% 
Fidelity Advisor Freedom 2010 Fund .525% .461% 
Fidelity Advisor Freedom 2015 Fund .567% .496% 
Fidelity Advisor Freedom 2020 Fund .610% .531% 
Fidelity Advisor Freedom 2025 Fund .652% .566% 
Fidelity Advisor Freedom 2030 Fund .695% .601% 
Fidelity Advisor Freedom 2035 Fund .737% .636% 
Fidelity Advisor Freedom 2040 Fund .746% .643% 
Fidelity Advisor Freedom 2045 Fund .746% .643% 
Fidelity Advisor Freedom 2050 Fund .746% .643% 
Fidelity Advisor Freedom 2055 Fund .746% .643% 
Fidelity Advisor Freedom 2060 Fund .746% .643% 

Under the expense contract, 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) 
Fidelity Advisor Freedom Income Fund .365% 
Fidelity Advisor Freedom 2005 Fund .373% 
Fidelity Advisor Freedom 2010 Fund .392% 
Fidelity Advisor Freedom 2015 Fund .412% 
Fidelity Advisor Freedom 2020 Fund .431% 
Fidelity Advisor Freedom 2025 Fund .450% 
Fidelity Advisor Freedom 2030 Fund .470% 
Fidelity Advisor Freedom 2035 Fund .489% 
Fidelity Advisor Freedom 2040 Fund .493% 
Fidelity Advisor Freedom 2045 Fund .493% 
Fidelity Advisor Freedom 2050 Fund .493% 
Fidelity Advisor Freedom 2055 Fund .493% 
Fidelity Advisor Freedom 2060 Fund .493% 

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% $177,160 $3,098 
Class M .25% .25% 189,340 182 
Class C .75% .25% 123,609 10,969 
   $490,109 $14,249 
Advisor Freedom 2005     
Class A -% .25% $230,024 $7,226 
Class M .25% .25% 123,346 950 
Class C .75% .25% 51,044 1,498 
   $404,414 $9,674 
Advisor Freedom 2010     
Class A -% .25% $509,737 $21,024 
Class M .25% .25% 367,892 6,771 
Class C .75% .25% 227,599 7,061 
   $1,105,228 $34,856 
Advisor Freedom 2015     
Class A -% .25% $1,251,729 $44,310 
Class M .25% .25% 787,892 6,324 
Class C .75% .25% 503,987 26,261 
   $2,543,608 $76,895 
Advisor Freedom 2020     
Class A -% .25% $2,728,397 $90,632 
Class M .25% .25% 1,790,090 19,704 
Class C .75% .25% 927,733 85,772 
   $5,446,220 $196,108 
Advisor Freedom 2025     
Class A -% .25% $3,344,909 $136,839 
Class M .25% .25% 2,118,012 17,221 
Class C .75% .25% 905,305 86,996 
   $6,368,226 $241,056 
Advisor Freedom 2030     
Class A -% .25% $3,246,386 $104,024 
Class M .25% .25% 2,246,728 13,465 
Class C .75% .25% 928,871 102,513 
   $6,421,985 $220,002 
Advisor Freedom 2035     
Class A -% .25% $2,584,579 $95,648 
Class M .25% .25% 1,796,174 16,089 
Class C .75% .25% 622,636 69,886 
   $5,003,389 $181,623 
Advisor Freedom 2040     
Class A -% .25% $2,266,051 $77,667 
Class M .25% .25% 1,721,102 9,455 
Class C .75% .25% 792,693 72,079 
   $4,779,846 $159,201 
Advisor Freedom 2045     
Class A -% .25% $1,366,114 $49,801 
Class M .25% .25% 1,029,694 7,662 
Class C .75% .25% 299,676 42,247 
   $2,695,484 $99,710 
Advisor Freedom 2050     
Class A -% .25% $1,014,412 $28,671 
Class M .25% .25% 840,864 4,831 
Class C .75% .25% 321,265 44,954 
   $2,176,541 $78,456 
Advisor Freedom 2055     
Class A -% .25% $509,715 $13,523 
Class M .25% .25% 384,758 1,068 
Class C .75% .25% 110,210 20,717 
   $1,004,683 $35,308 
Advisor Freedom 2060     
Class A -% .25% $112,363 $3,210 
Class M .25% .25% 78,014 – 
Class C .75% .25% 31,451 13,790 
   $221,828 $17,000 

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 $9,879 
Class M 1,245 
Class C(a) 1,514 
 $12,638 
Advisor Freedom 2005  
Class A $1,943 
Class M 1,500 
Class C(a) 430 
 $3,873 
Advisor Freedom 2010  
Class A $5,364 
Class M 1,626 
Class C(a) 706 
 $7,696 
Advisor Freedom 2015  
Class A $14,896 
Class M 5,228 
Class C(a) 4,998 
 $25,122 
Advisor Freedom 2020  
Class A $43,253 
Class M 17,222 
Class C A 6,954 
 $67,429 
Advisor Freedom 2025  
Class A $64,353 
Class M 28,653 
Class C(a) 8,317 
 $101,323 
Advisor Freedom 2030  
Class A $84,323 
Class M 30,930 
Class C(a) 12,102 
 $127,355 
Advisor Freedom 2035  
Class A $71,780 
Class M 28,692 
Class C(a) 11,962 
 $112,434 
Advisor Freedom 2040  
Class A $79,015 
Class M 24,014 
Class C(a) 7,448 
 $110,477 
Advisor Freedom 2045  
Class A $56,463 
Class M 16,881 
Class C(a) 4,641 
 $77,985 
Advisor Freedom 2050  
Class A $63,902 
Class M 13,536 
Class C(a) 5,322 
 $82,760 
Advisor Freedom 2055  
Class A $32,800 
Class M 9,888 
Class C(a) 3,094 
 $45,782 
Advisor Freedom 2060  
Class A $15,130 
Class M 3,198 
Class C(a) 1,097 
 $19,425 

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

Prior Fiscal Year Reallocation of Underlying Fund Investments. During the prior 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.

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 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Expense Reductions.

Through arrangements with each applicable Fund's custodian and each class' transfer agent, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

 Custody credits Transfer Agent credits 
Advisor Freedom Income $170 $– 
Advisor Freedom 2005 150 – 
Advisor Freedom 2010 237 – 
Advisor Freedom 2015 177 – 
Advisor Freedom 2020 200 – 
Advisor Freedom 2020 - Class C  20 
Advisor Freedom 2025 168 – 
Advisor Freedom 2030 197 – 
Advisor Freedom 2035 46 – 
Advisor Freedom 2040 56 – 
Advisor Freedom 2045 112 – 
Advisor Freedom 2050 100 – 
Advisor Freedom 2055 70 – 
Advisor Freedom 2060 119 – 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Year ended
March 31, 2019(a) 
Year ended
March 31, 2018 (b) 
Advisor Freedom Income   
Distributions to shareholders   
Class A $3,719,592 $– 
Class M 1,910,164 – 
Class C 554,170 – 
Class I 4,702,881 – 
Class Z 24,313 – 
Class Z6 956,416 – 
Total $11,867,536 $– 
From net investment income   
Class A $– $1,099,143 
Class M – 434,009 
Class C – 84,788 
Class I – 1,334,162 
Class Z6 – 14,910 
Total $– $2,967,012 
From net realized gain   
Class A $– $1,878,730 
Class M – 905,373 
Class C – 326,433 
Class I – 1,957,623 
Class Z6 – 19,793 
Total $– $5,087,952 
Advisor Freedom 2005   
Distributions to shareholders   
Class A $7,049,550 $– 
Class M 1,813,526 – 
Class C 357,920 – 
Class I 4,121,296 – 
Class Z 5,414 – 
Class Z6 137,016 – 
Total $13,484,722 $– 
From net investment income   
Class A $– $1,499,668 
Class M – 314,597 
Class C – 29,260 
Class I – 965,073 
Class Z6 – 3,311 
Total $– $2,811,909 
From net realized gain   
Class A $– $4,027,753 
Class M – 991,902 
Class C – 192,899 
Class I – 2,120,987 
Class Z6 – 5,395 
Total $– $7,338,936 
Advisor Freedom 2010   
Distributions to shareholders   
Class A $16,675,337 $– 
Class M 5,904,302 – 
Class C 1,674,171 – 
Class I 11,374,349 – 
Class Z 12,443 – 
Class Z6 500,401 – 
Total $36,141,003 $– 
From net investment income   
Class A $– $3,281,846 
Class M – 928,807 
Class C – 171,747 
Class I – 2,274,695 
Class Z6 – 5,012 
Total $– $6,662,107 
From net realized gain   
Class A $– $12,108,352 
Class M – 4,030,464 
Class C – 1,392,028 
Class I – 6,664,800 
Class Z6 – 10,693 
Total $– $24,206,337 
Advisor Freedom 2015   
Distributions to shareholders   
Class A $46,432,815 $– 
Class M 14,273,744 – 
Class C 4,341,088 – 
Class I 29,585,610 – 
Class Z 51,261 – 
Class Z6 1,405,712 – 
Total $96,090,230 $– 
From net investment income   
Class A $– $7,973,130 
Class M – 1,948,902 
Class C – 332,783 
Class I – 5,348,653 
Class Z6 – 43,354 
Total $– $15,646,822 
From net realized gain   
Class A $– $32,654,337 
Class M – 9,539,452 
Class C – 3,208,781 
Class I – 17,671,857 
Class Z6 – 97,031 
Total $– $63,171,458 
Advisor Freedom 2020   
Distributions to shareholders   
Class A $92,940,211 $– 
Class M 29,603,011 – 
Class C 7,197,787 – 
Class I 69,167,552 – 
Class Z 47,484 – 
Class Z6 3,450,889 – 
Total $202,406,934 $– 
From net investment income   
Class A $– $16,243,820 
Class M – 4,166,252 
Class C – 631,334 
Class I – 12,480,682 
Class Z6 – 54,384 
Total $– $33,576,472 
From net realized gain   
Class A $– $56,102,883 
Class M – 17,427,080 
Class C – 4,617,388 
Class I – 34,710,233 
Class Z6 – 98,749 
Total $– $112,956,333 
Advisor Freedom 2025   
Distributions to shareholders   
Class A $113,159,727 $– 
Class M 34,967,109 – 
Class C 6,974,801 – 
Class I 87,942,916 – 
Class Z 22,710 – 
Class Z6 3,651,730 – 
Total $246,718,993 $– 
From net investment income   
Class A $– $18,093,765 
Class M – 4,378,723 
Class C – 563,682 
Class I – 14,900,347 
Class Z6 – 64,554 
Total $– $38,001,071 
From net realized gain   
Class A $– $58,214,610 
Class M – 17,087,190 
Class C – 3,945,982 
Class I – 37,833,645 
Class Z6 – 103,988 
Total $– $117,185,415 
Advisor Freedom 2030   
Distributions to shareholders   
Class A $120,850,924 $– 
Class M 40,810,071 – 
Class C 8,147,415 – 
Class I 100,237,223 – 
Class Z 24,278 – 
Class Z6 4,483,474 – 
Total $274,553,385 $– 
From net investment income   
Class A $– $14,665,530 
Class M – 3,839,299 
Class C – 484,808 
Class I – 13,363,681 
Class Z6 – 76,802 
Total $– $32,430,120 
From net realized gain   
Class A $– $61,142,849 
Class M – 19,943,569 
Class C – 4,240,085 
Class I – 42,210,713 
Class Z6 – 141,530 
Total $– $127,678,746 
Advisor Freedom 2035   
Distributions to shareholders   
Class A $103,682,962 $– 
Class M 35,751,347 – 
Class C 5,966,150 – 
Class I 88,150,440 – 
Class Z 16,723 – 
Class Z6 3,581,408 – 
Total $237,149,030 $– 
From net investment income   
Class A $– $10,040,682 
Class M – 2,832,544 
Class C – 299,727 
Class I – 9,653,819 
Class Z6 – 41,993 
Total $– $22,868,765 
From net realized gain   
Class A $– $46,063,469 
Class M – 14,617,860 
Class C – 2,740,366 
Class I – 33,253,804 
Class Z6 – 73,488 
Total $– $96,748,987 
Advisor Freedom 2040   
Distributions to shareholders   
Class A $90,574,926 $– 
Class M 34,055,844 – 
Class C 7,700,684 – 
Class I 79,158,942 – 
Class Z 42,878 – 
Class Z6 3,134,461 – 
Total $214,667,735 $– 
From net investment income   
Class A $– $8,881,190 
Class M – 2,655,243 
Class C – 390,961 
Class I – 8,816,392 
Class Z6 – 35,650 
Total $– $20,779,436 
From net realized gain   
Class A $– $40,808,993 
Class M – 14,342,170 
Class C – 3,641,921 
Class I – 31,372,523 
Class Z6 – 64,140 
Total $– $90,229,747 
Advisor Freedom 2045   
Distributions to shareholders   
Class A $53,425,416 $– 
Class M 19,988,683 – 
Class C 2,861,435 – 
Class I 54,655,664 – 
Class Z 23,397 – 
Class Z6 2,388,347 – 
Total $133,342,942 $– 
From net investment income   
Class A $– $5,219,007 
Class M – 1,576,055 
Class C – 129,725 
Class I – 5,947,360 
Class Z6 – 27,145 
Total $– $12,899,292 
From net realized gain   
Class A $– $20,301,003 
Class M – 7,111,464 
Class C – 1,051,413 
Class I – 17,635,957 
Class Z6 – 38,908 
Total $– $46,138,745 
Advisor Freedom 2050   
Distributions to shareholders   
Class A $38,880,173 $– 
Class M 15,954,954 – 
Class C 2,996,255 – 
Class I 46,138,730 – 
Class Z 18,714 – 
Class Z6 1,637,690 – 
Total $105,626,516 $– 
From net investment income   
Class A $– $3,857,081 
Class M – 1,283,517 
Class C – 145,803 
Class I – 4,942,896 
Class Z6 – 22,378 
Total $– $10,251,675 
From net realized gain   
Class A $– $13,859,582 
Class M – 5,314,395 
Class C – 1,032,638 
Class I – 13,916,045 
Class Z6 – 30,737 
Total $– $34,153,397 
Advisor Freedom 2055   
Distributions to shareholders   
Class A $16,991,913 $– 
Class M 6,421,567 – 
Class C 910,713 – 
Class I 24,818,868 – 
Class Z 11,382 – 
Class Z6 787,119 – 
Total $49,941,562 $– 
From net investment income   
Class A $– $1,844,591 
Class M – 555,719 
Class C – 45,985 
Class I – 2,580,264 
Class Z6 – 23,513 
Total $– $5,050,072 
From net realized gain   
Class A $– $4,611,171 
Class M – 1,578,617 
Class C – 232,494 
Class I – 5,016,561 
Class Z6 – 22,637 
Total $– $11,461,480 
Advisor Freedom 2060   
Distributions to shareholders   
Class A $3,183,825 $– 
Class M 1,092,888 – 
Class C 216,286 – 
Class I 4,135,890 – 
Class Z 6,659 – 
Class Z6 145,560 – 
Total $8,781,108 $– 
From net investment income   
Class A $– $303,602 
Class M – 87,416 
Class C – 11,911 
Class I – 372,369 
Class Z6 – 5,927 
Total $– $781,225 
From net realized gain   
Class A $– $536,013 
Class M – 172,103 
Class C – 34,235 
Class I – 555,272 
Class Z6 – 4,856 
Total $– $1,302,479 

 (a) Distributions for Class Z are for the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 (b) Distributions for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to March 31, 2018 .

9. 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 
 Year ended March 31, 2019(a) Year ended March 31, 2018 (b) Year ended March 31, 2019 (a) Year ended March 31, 2018 (b) 
Advisor Freedom Income     
Class A     
Shares sold 1,932,113 1,561,114 $20,788,935 $17,372,724 
Reinvestment of distributions 346,490 267,313 3,653,146 2,956,413 
Shares redeemed (2,702,121) (2,954,671) (29,102,868) (32,858,285) 
Net increase (decrease) (423,518) (1,126,244) $(4,660,787) $(12,529,148) 
Class M     
Shares sold 1,307,353 1,231,544 $13,973,167 $13,671,270 
Reinvestment of distributions 178,770 119,232 1,881,149 1,317,819 
Shares redeemed (1,417,023) (1,400,766) (15,158,255) (15,542,444) 
Net increase (decrease) 69,100 (49,990) $696,061 $(553,355) 
Class C     
Shares sold 138,607 273,309 $1,478,943 $3,025,706 
Reinvestment of distributions 50,236 33,546 527,327 370,253 
Shares redeemed (607,897) (379,554) (6,510,741) (4,206,642) 
Net increase (decrease) (419,054) (72,699) $(4,504,471) $(810,683) 
Class I     
Shares sold 2,858,444 2,536,795 $30,911,890 $28,278,478 
Reinvestment of distributions 439,528 293,632 4,646,792 3,259,663 
Shares redeemed (3,187,993) (2,708,353) (34,275,486) (30,196,704) 
Net increase (decrease) 109,979 122,074 $1,283,196 $1,341,437 
Class Z     
Shares sold 81,771 – $875,601 $– 
Reinvestment of distributions 2,344 – 24,280 – 
Shares redeemed (13,184) – (140,510) – 
Net increase (decrease) 70,931 – $759,371 $– 
Class Z6     
Shares sold 2,433,234 206,804 $26,352,197 $2,315,726 
Reinvestment of distributions 91,446 3,119 956,416 34,703 
Shares redeemed (356,549) (56,618) (3,824,909) (629,544) 
Net increase (decrease) 2,168,131 153,305 $23,483,704 $1,720,885 
Advisor Freedom 2005     
Class A     
Shares sold 1,475,181 1,335,163 $16,997,499 $16,124,405 
Reinvestment of distributions 618,999 452,684 6,866,741 5,409,480 
Shares redeemed (2,961,826) (3,307,757) (34,157,876) (40,042,858) 
Net increase (decrease) (867,646) (1,519,910) $(10,293,636) $(18,508,973) 
Class M     
Shares sold 412,017 594,769 $4,683,960 $7,157,573 
Reinvestment of distributions 163,481 108,652 1,809,977 1,298,447 
Shares redeemed (609,077) (833,574) (6,974,256) (10,035,595) 
Net increase (decrease) (33,579) (130,153) $(480,319) $(1,579,575) 
Class C     
Shares sold 30,697 112,314 $351,080 $1,348,518 
Reinvestment of distributions 31,426 17,487 349,478 209,035 
Shares redeemed (352,196) (113,001) (3,967,909) (1,365,341) 
Net increase (decrease) (290,073) 16,800 $(3,267,351) $192,212 
Class I     
Shares sold 1,492,131 1,578,344 $17,428,926 $19,235,581 
Reinvestment of distributions 367,693 255,470 4,111,616 3,073,797 
Shares redeemed (2,525,114) (1,832,308) (29,193,012) (22,354,226) 
Net increase (decrease) (665,290) 1,506 $(7,652,470) $(44,848) 
Class Z     
Shares sold 10,528 – $123,421 $– 
Reinvestment of distributions 501 – 5,414 – 
Net increase (decrease) 11,029 – $128,835 $– 
Class Z6     
Shares sold 74,161 122,579 $859,219 $1,494,714 
Reinvestment of distributions 12,363 722 137,016 8,706 
Shares redeemed (41,986) (5,951) (485,635) (71,881) 
Net increase (decrease) 44,538 117,350 $510,600 $1,431,539 
Advisor Freedom 2010     
Class A     
Shares sold 2,690,577 3,564,998 $31,929,407 $44,943,820 
Reinvestment of distributions 1,436,145 1,224,022 16,485,373 15,229,168 
Shares redeemed (5,824,809) (7,574,224) (69,776,556) (95,614,997) 
Net increase (decrease) (1,698,087) (2,785,204) $(21,361,776) $(35,442,009) 
Class M     
Shares sold 1,145,538 1,361,175 $13,545,715 $17,164,227 
Reinvestment of distributions 515,771 398,510 5,885,548 4,940,676 
Shares redeemed (1,777,323) (2,349,250) (21,042,403) (29,490,893) 
Net increase (decrease) (116,014) (589,565) $(1,611,140) $(7,385,990) 
Class C     
Shares sold 68,555 116,566 $803,764 $1,455,262 
Reinvestment of distributions 144,087 120,905 1,644,281 1,491,052 
Shares redeemed (1,423,730) (499,934) (16,650,264) (6,234,706) 
Net increase (decrease) (1,211,088) (262,463) $(14,202,219) $(3,288,392) 
Class I     
Shares sold 2,366,556 3,628,003 $28,480,238 $46,034,277 
Reinvestment of distributions 970,317 704,786 11,136,673 8,802,985 
Shares redeemed (3,168,660) (3,930,369) (37,874,643) (49,731,898) 
Net increase (decrease) 168,213 402,420 $1,742,268 $5,105,364 
Class Z     
Shares sold 21,020 – $252,219 $– 
Reinvestment of distributions 800 – 8,827 – 
Net increase (decrease) 21,820 – $261,046 $– 
Class Z6     
Shares sold 319,785 425,699 $3,838,728 $5,402,891 
Reinvestment of distributions 43,970 1,253 500,401 15,705 
Shares redeemed (188,166) (46,433) (2,255,829) (583,499) 
Net increase (decrease) 175,589 380,519 $2,083,300 $4,835,097 
Advisor Freedom 2015     
Class A     
Shares sold 5,818,830 6,359,677 $69,623,803 $81,015,805 
Reinvestment of distributions 4,011,128 3,202,904 46,053,900 40,291,135 
Shares redeemed (13,197,358) (18,372,028) (158,962,664) (233,983,987) 
Net increase (decrease) (3,367,400) (8,809,447) $(43,284,961) $(112,677,047) 
Class M     
Shares sold 1,948,078 2,736,122 $23,381,501 $34,744,143 
Reinvestment of distributions 1,241,019 907,945 14,204,206 11,406,069 
Shares redeemed (3,615,691) (4,687,987) (43,427,448) (59,601,397) 
Net increase (decrease) (426,594) (1,043,920) $(5,841,741) $(13,451,185) 
Class C     
Shares sold 392,253 430,509 $4,640,240 $5,422,977 
Reinvestment of distributions 377,469 276,036 4,306,006 3,447,300 
Shares redeemed (2,481,857) (1,295,042) (29,080,495) (16,430,837) 
Net increase (decrease) (1,712,135) (588,497) $(20,134,249) $(7,560,560) 
Class I     
Shares sold 5,358,142 8,187,613 $65,110,459 $105,325,150 
Reinvestment of distributions 2,526,473 1,790,662 29,153,863 22,716,014 
Shares redeemed (7,852,844) (9,768,474) (95,159,360) (125,622,049) 
Net increase (decrease) 31,771 209,801 $(895,038) $2,419,115 
Class Z     
Shares sold 131,064 – $1,551,650 $– 
Reinvestment of distributions 2,691 – 29,547 – 
Shares redeemed (5,295) – (61,244) – 
Net increase (decrease) 128,460 – $1,519,953 $– 
Class Z6     
Shares sold 645,794 1,089,010 $7,810,668 $14,093,662 
Reinvestment of distributions 120,773 11,019 1,385,371 140,385 
Shares redeemed (391,082) (81,911) (4,772,522) (1,049,457) 
Net increase (decrease) 375,485 1,018,118 $4,423,517 $13,184,590 
Advisor Freedom 2020     
Class A     
Shares sold 14,374,598 15,638,670 $188,194,286 $215,678,977 
Reinvestment of distributions 7,326,361 5,240,623 92,026,831 71,580,589 
Shares redeemed (28,842,898) (32,501,753) (379,068,425) (448,248,436) 
Net increase (decrease) (7,141,939) (11,622,460) $(98,847,308) $(160,988,870) 
Class M     
Shares sold 4,760,483 5,929,123 $62,516,929 $81,613,945 
Reinvestment of distributions 2,344,315 1,564,174 29,405,054 21,368,634 
Shares redeemed (7,737,157) (9,968,053) (101,425,179) (137,166,621) 
Net increase (decrease) (632,359) (2,474,756) $(9,503,196) $(34,184,042) 
Class C     
Shares sold 811,582 948,078 $10,584,311 $12,932,083 
Reinvestment of distributions 567,909 375,317 7,092,063 5,093,860 
Shares redeemed (3,742,948) (1,720,609) (48,138,778) (23,548,361) 
Net increase (decrease) (2,363,457) (397,214) $(30,462,404) $(5,522,418) 
Class I     
Shares sold 16,111,430 18,997,484 $213,422,542 $264,269,563 
Reinvestment of distributions 5,400,494 3,388,242 68,110,509 46,653,405 
Shares redeemed (18,792,750) (19,661,892) (248,342,793) (273,240,745) 
Net increase (decrease) 2,719,174 2,723,834 $33,190,258 $37,682,223 
Class Z     
Shares sold 201,565 – $2,595,947 $– 
Reinvestment of distributions 1,318 – 15,774 – 
Shares redeemed (4,370) – (54,839) – 
Net increase (decrease) 198,513 – $2,556,882 $– 
Class Z6     
Shares sold 2,070,697 2,198,548 $27,540,182 $31,162,379 
Reinvestment of distributions 272,668 11,033 3,417,063 153,133 
Shares redeemed (949,502) (99,389) (12,545,730) (1,386,209) 
Net increase (decrease) 1,393,863 2,110,192 $18,411,515 $29,929,303 
Advisor Freedom 2025     
Class A     
Shares sold 18,576,216 21,155,632 $243,899,864 $291,258,604 
Reinvestment of distributions 8,991,273 5,553,494 112,666,699 75,773,123 
Shares redeemed (31,708,950) (36,469,562) (417,958,164) (500,742,895) 
Net increase (decrease) (4,141,461) (9,760,436) $(61,391,601) $(133,711,168) 
Class M     
Shares sold 6,367,361 7,381,740 $83,840,691 $101,335,661 
Reinvestment of distributions 2,765,989 1,551,203 34,652,392 21,218,934 
Shares redeemed (7,990,398) (9,297,407) (105,125,123) (127,887,305) 
Net increase (decrease) 1,142,952 (364,464) $13,367,960 $(5,332,710) 
Class C     
Shares sold 751,967 1,054,413 $9,756,669 $14,230,748 
Reinvestment of distributions 554,184 326,578 6,878,431 4,400,480 
Shares redeemed (3,466,811) (1,717,786) (44,462,125) (23,308,720) 
Net increase (decrease) (2,160,660) (336,795) $(27,827,025) $(4,677,492) 
Class I     
Shares sold 21,160,572 25,378,468 $281,515,024 $351,808,654 
Reinvestment of distributions 6,845,479 3,774,323 86,240,671 51,976,785 
Shares redeemed (21,285,533) (21,969,142) (283,862,119) (304,482,920) 
Net increase (decrease) 6,720,518 7,183,649 $83,893,576 $99,302,519 
Class Z     
Shares sold 267,841 – $3,462,110 $– 
Reinvestment of distributions 1,558 – 18,554 – 
Shares redeemed (9,247) – (120,151) – 
Net increase (decrease) 260,152 – $3,360,513 $– 
Class Z6     
Shares sold 3,145,643 1,889,983 $41,844,748 $26,814,303 
Reinvestment of distributions 292,525 12,099 3,639,110 168,542 
Shares redeemed (948,177) (102,569) (12,605,127) (1,434,592) 
Net increase (decrease) 2,489,991 1,799,513 $32,878,731 $25,548,253 
Advisor Freedom 2030     
Class A     
Shares sold 17,980,070 18,673,471 $255,271,834 $278,431,607 
Reinvestment of distributions 8,905,505 5,074,757 120,053,170 75,068,077 
Shares redeemed (27,387,212) (31,998,170) (390,712,550) (475,713,945) 
Net increase (decrease) (501,637) (8,249,942) $(15,387,546) $(122,214,261) 
Class M     
Shares sold 6,524,933 6,811,790 $92,422,241 $100,640,388 
Reinvestment of distributions 3,014,113 1,596,336 40,374,345 23,510,770 
Shares redeemed (7,375,731) (9,448,868) (104,478,572) (139,471,738) 
Net increase (decrease) 2,163,315 (1,040,742) $28,318,014 $(15,320,580) 
Class C     
Shares sold 961,504 964,743 $13,418,893 $14,139,943 
Reinvestment of distributions 606,734 315,301 8,059,733 4,593,826 
Shares redeemed (3,271,986) (1,529,804) (45,021,964) (22,415,105) 
Net increase (decrease) (1,703,748) (249,760) $(23,543,338) $(3,681,336) 
Class I     
Shares sold 22,457,609 24,584,566 $320,953,527 $367,677,762 
Reinvestment of distributions 7,225,475 3,663,231 97,542,752 54,563,348 
Shares redeemed (20,355,587) (20,246,824) (292,815,292) (302,278,371) 
Net increase (decrease) 9,327,497 8,000,973 $125,680,987 $119,962,739 
Class Z     
Shares sold 221,132 – $3,080,674 $– 
Reinvestment of distributions 1,735 – 21,946 – 
Shares redeemed (12,776) – (178,243) – 
Net increase (decrease) 210,091 – $2,924,377 $– 
Class Z6     
Shares sold 2,749,987 1,841,365 $39,767,415 $28,526,620 
Reinvestment of distributions 336,470 14,449 4,480,080 218,332 
Shares redeemed (569,263) (68,960) (8,126,381) (1,049,203) 
Net increase (decrease) 2,517,194 1,786,854 $36,121,114 $27,695,749 
Advisor Freedom 2035     
Class A     
Shares sold 15,577,255 16,076,305 $215,880,275 $233,388,018 
Reinvestment of distributions 7,931,975 3,857,946 103,250,766 55,595,824 
Shares redeemed (21,845,142) (28,095,944) (304,538,618) (406,790,784) 
Net increase (decrease) 1,664,088 (8,161,693) $14,592,423 $(117,806,942) 
Class M     
Shares sold 6,158,292 6,398,268 $84,742,679 $91,831,716 
Reinvestment of distributions 2,758,614 1,206,444 35,538,297 17,272,407 
Shares redeemed (6,770,016) (7,462,512) (92,881,274) (106,846,943) 
Net increase (decrease) 2,146,890 142,200 $27,399,702 $2,257,180 
Class C     
Shares sold 661,692 693,842 $8,898,073 $9,794,664 
Reinvestment of distributions 462,267 212,457 5,899,592 2,989,811 
Shares redeemed (2,352,914) (945,420) (31,185,700) (13,367,741) 
Net increase (decrease) (1,228,955) (39,121) $(16,388,035) $(583,266) 
Class I     
Shares sold 19,561,819 21,843,836 $274,193,535 $318,376,949 
Reinvestment of distributions 6,540,915 2,892,062 85,477,034 42,049,701 
Shares redeemed (18,631,854) (16,207,972) (262,614,157) (235,522,368) 
Net increase (decrease) 7,470,880 8,527,926 $97,056,412 $124,904,282 
Class Z     
Shares sold 206,821 – $2,804,466 $– 
Reinvestment of distributions 1,049 – 12,715 – 
Shares redeemed (845) – (10,694) – 
Net increase (decrease) 207,025 – $2,806,487 $– 
Class Z6     
Shares sold 2,477,161 1,087,189 $35,081,126 $16,548,830 
Reinvestment of distributions 279,162 7,787 3,580,829 115,481 
Shares redeemed (509,353) (24,549) (7,047,594) (369,912) 
Net increase (decrease) 2,246,970 1,070,427 $31,614,361 $16,294,399 
Advisor Freedom 2040     
Class A     
Shares sold 13,508,451 13,534,093 $199,404,291 $210,888,429 
Reinvestment of distributions 6,486,862 3,189,871 90,120,681 49,256,170 
Shares redeemed (17,392,234) (22,500,034) (259,736,681) (348,416,945) 
Net increase (decrease) 2,603,079 (5,776,070) $29,788,291 $(88,272,346) 
Class M     
Shares sold 5,365,211 5,361,973 $79,122,210 $82,647,592 
Reinvestment of distributions 2,447,376 1,095,300 33,775,381 16,854,754 
Shares redeemed (5,123,803) (6,875,453) (76,072,511) (106,016,831) 
Net increase (decrease) 2,688,784 (418,180) $36,825,080 $(6,514,485) 
Class C     
Shares sold 593,503 663,291 $8,629,433 $10,055,292 
Reinvestment of distributions 563,167 263,236 7,669,773 3,975,590 
Shares redeemed (2,861,996) (987,718) (40,626,069) (15,051,497) 
Net increase (decrease) (1,705,326) (61,191) $(24,326,863) $(1,020,615) 
Class I     
Shares sold 16,023,155 18,668,939 $239,554,969 $291,013,150 
Reinvestment of distributions 5,518,800 2,537,951 76,957,491 39,478,312 
Shares redeemed (16,596,129) (15,449,375) (249,372,401) (239,687,652) 
Net increase (decrease) 4,945,826 5,757,515 $67,140,059 $90,803,810 
Class Z     
Shares sold 114,448 – $1,663,715 $– 
Reinvestment of distributions 2,846 – 36,681 – 
Shares redeemed (14,163) – (199,531) – 
Net increase (decrease) 103,131 – $1,500,865 $– 
Class Z6     
Shares sold 2,108,972 794,020 $32,016,553 $12,962,617 
Reinvestment of distributions 228,914 6,296 3,132,498 99,790 
Shares redeemed (277,137) (47,766) (4,156,159) (764,460) 
Net increase (decrease) 2,060,749 752,550 $30,992,892 $12,297,947 
Advisor Freedom 2045     
Class A     
Shares sold 12,635,987 13,727,303 $146,031,787 $165,419,383 
Reinvestment of distributions 4,937,864 2,111,307 53,389,530 25,306,735 
Shares redeemed (15,619,333) (18,819,577) (181,788,398) (226,166,494) 
Net increase (decrease) 1,954,518 (2,980,967) $17,632,919 $(35,440,376) 
Class M     
Shares sold 4,970,917 5,337,435 $56,988,809 $63,538,185 
Reinvestment of distributions 1,860,679 725,117 19,919,722 8,629,046 
Shares redeemed (5,181,765) (5,588,094) (59,325,065) (66,670,324) 
Net increase (decrease) 1,649,831 474,458 $17,583,466 $5,496,907 
Class C     
Shares sold 458,481 538,892 $5,224,727 $6,337,359 
Reinvestment of distributions 268,698 100,141 2,852,475 1,176,826 
Shares redeemed (984,683) (569,666) (10,921,440) (6,680,355) 
Net increase (decrease) (257,504) 69,367 $(2,844,238) $833,830 
Class I     
Shares sold 16,922,941 18,230,130 $197,386,314 $220,391,466 
Reinvestment of distributions 4,868,513 1,909,984 52,766,313 23,065,247 
Shares redeemed (15,394,337) (13,073,999) (179,991,531) (157,647,342) 
Net increase (decrease) 6,397,117 7,066,115 $70,161,096 $85,809,371 
Class Z     
Shares sold 129,714 – $1,476,927 $– 
Reinvestment of distributions 2,238 – 22,487 – 
Shares redeemed (10,747) – (113,514) – 
Net increase (decrease) 121,205 – $1,385,900 $– 
Class Z6     
Shares sold 2,107,413 773,539 $24,953,608 $9,848,378 
Reinvestment of distributions 224,047 5,348 2,383,471 66,053 
Shares redeemed (308,731) (36,784) (3,617,281) (463,616) 
Net increase (decrease) 2,022,729 742,103 $23,719,798 $9,450,815 
Advisor Freedom 2050     
Class A     
Shares sold 11,521,746 11,534,676 $132,970,720 $138,373,199 
Reinvestment of distributions 3,597,274 1,468,363 38,813,519 17,545,962 
Shares redeemed (12,570,491) (14,017,700) (146,649,559) (167,648,735) 
Net increase (decrease) 2,548,529 (1,014,661) $25,134,680 $(11,729,574) 
Class M     
Shares sold 4,564,698 4,567,158 $52,383,074 $54,283,581 
Reinvestment of distributions 1,479,768 548,964 15,848,909 6,528,163 
Shares redeemed (4,414,543) (4,589,984) (50,603,396) (54,563,744) 
Net increase (decrease) 1,629,923 526,138 $17,628,587 $6,248,000 
Class C     
Shares sold 475,264 549,763 $5,411,651 $6,479,431 
Reinvestment of distributions 281,386 99,910 2,991,669 1,175,213 
Shares redeemed (1,136,298) (472,463) (12,643,583) (5,565,541) 
Net increase (decrease) (379,648) 177,210 $(4,240,263) $2,089,103 
Class I     
Shares sold 15,773,850 15,917,116 $183,903,268 $191,830,629 
Reinvestment of distributions 4,125,443 1,535,401 44,635,052 18,474,731 
Shares redeemed (15,152,813) (11,055,908) (176,066,479) (132,614,886) 
Net increase (decrease) 4,746,480 6,396,609 $52,471,841 $77,690,474 
Class Z     
Shares sold 55,866 – $642,437 $– 
Reinvestment of distributions 1,864 – 18,714 – 
Shares redeemed (378) – (4,188) – 
Net increase (decrease) 57,352 – $656,963 $– 
Class Z6     
Shares sold 1,578,089 472,741 $18,585,296 $5,954,232 
Reinvestment of distributions 154,167 4,315 1,636,405 53,115 
Shares redeemed (249,597) (34,945) (2,887,741) (435,038) 
Net increase (decrease) 1,482,659 442,111 $17,333,960 $5,572,309 
Advisor Freedom 2055     
Class A     
Shares sold 7,405,861 7,389,570 $94,792,637 $97,025,975 
Reinvestment of distributions 1,417,723 464,392 16,974,227 6,094,883 
Shares redeemed (7,631,599) (6,137,615) (98,796,720) (80,819,354) 
Net increase (decrease) 1,191,985 1,716,347 $12,970,144 $22,301,504 
Class M     
Shares sold 2,614,120 2,572,643 $33,190,301 $33,545,253 
Reinvestment of distributions 538,926 162,770 6,411,358 2,128,319 
Shares redeemed (1,939,650) (2,024,835) (24,671,431) (26,432,101) 
Net increase (decrease) 1,213,396 710,578 $14,930,228 $9,241,471 
Class C     
Shares sold 271,244 234,550 $3,412,171 $3,032,224 
Reinvestment of distributions 76,657 21,409 910,546 278,373 
Shares redeemed (270,006) (154,192) (3,363,512) (2,007,723) 
Net increase (decrease) 77,895 101,767 $959,205 $1,302,874 
Class I     
Shares sold 12,655,914 9,490,266 $163,216,802 $125,145,410 
Reinvestment of distributions 1,969,656 575,059 23,537,468 7,595,782 
Shares redeemed (8,801,212) (5,026,424) (111,998,695) (66,081,707) 
Net increase (decrease) 5,824,358 5,038,901 $74,755,575 $66,659,485 
Class Z     
Shares sold 35,699 – $454,001 $– 
Reinvestment of distributions 1,022 – 11,382 – 
Shares redeemed (2,703) – (33,886) – 
Net increase (decrease) 34,018 – $431,497 $– 
Class Z6     
Shares sold 861,230 249,882 $11,149,348 $3,376,620 
Reinvestment of distributions 67,158 3,421 786,682 46,150 
Shares redeemed (133,007) (21,021) (1,709,322) (287,425) 
Net increase (decrease) 795,381 232,282 $10,226,708 $3,135,345 
Advisor Freedom 2060     
Class A     
Shares sold 3,282,040 2,518,107 $37,368,210 $29,318,657 
Reinvestment of distributions 299,518 69,940 3,182,787 818,159 
Shares redeemed (1,847,915) (1,111,272) (21,083,392) (13,053,777) 
Net increase (decrease) 1,733,643 1,476,775 $19,467,605 $17,083,039 
Class M     
Shares sold 1,171,715 853,066 $13,350,367 $9,913,922 
Reinvestment of distributions 102,745 22,158 1,092,888 259,519 
Shares redeemed (651,352) (341,132) (7,395,540) (4,020,381) 
Net increase (decrease) 623,108 534,092 $7,047,715 $6,153,060 
Class C     
Shares sold 200,839 143,405 $2,286,734 $1,675,744 
Reinvestment of distributions 20,307 3,926 216,263 46,030 
Shares redeemed (110,667) (39,845) (1,249,222) (460,687) 
Net increase (decrease) 110,479 107,486 $1,253,775 $1,261,087 
Class I     
Shares sold 4,677,855 2,852,854 $53,503,953 $33,462,097 
Reinvestment of distributions 369,553 78,919 3,936,080 927,618 
Shares redeemed (2,677,596) (957,855) (30,477,647) (11,278,135) 
Net increase (decrease) 2,369,812 1,973,918 $26,962,386 $23,111,580 
Class Z     
Shares sold 24,691 – $283,518 $– 
Reinvestment of distributions 665 – 6,659 – 
Shares redeemed (297) – (3,251) – 
Net increase (decrease) 25,059 – $286,926 $– 
Class Z6     
Shares sold 222,835 137,048 $2,572,083 $1,670,098 
Reinvestment of distributions 13,174 901 139,481 10,783 
Shares redeemed (83,912) (70,553) (973,912) (867,591) 
Net increase (decrease) 152,097 67,396 $1,737,652 $813,290 

 (a) Share transactions for Class Z are for the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 (b) Share transactions for Class Z6 are for the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

10. 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 2025 Fund Fidelity Advisor Freedom 2030 Fund Fidelity Advisor Freedom 2035 Fund Fidelity Advisor Freedom 2040 Fund Fidelity Advisor Freedom 2045 Fund 
Fidelity Advisor Series Equity Growth Fund 13% 16% 16% 16% 10% 
Fidelity Advisor Series Growth Opportunities Fund 13% 16% 16% 16% 11% 
Fidelity Advisor Series Small Cap Fund 13% 17% 16% 16% 10% 

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 Growth Opportunities Fund  100% 
Fidelity Advisor Series Small Cap Fund  100% 

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Aberdeen Street Trust and the Shareholders of 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:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statements of assets and liabilities of 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"), each a fund of Fidelity Aberdeen Street Trust, including the schedules of investments, as of March 31, 2019, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended for the Funds, except Fidelity Advisor Freedom 2060 Fund; the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the four years in the period then ended and for the period from August 5, 2014 to March 31, 2015 for the Fidelity Advisor Freedom 2060 Fund; and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2019, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended (or for the period mentioned above), in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of March 31, 2019, by correspondence with the custodians and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

May 16, 2019


We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance.  If the interests of a fund and an underlying Fidelity® fund were to diverge, a conflict of interest could arise and affect how the Trustees and Members of the Advisory Board fulfill their fiduciary duties to the affected funds.  FMRC has structured the funds to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, FMRC, the Trustees, and Members of the Advisory Board would take reasonable steps to minimize and, if possible, eliminate the conflict.  Each of the Trustees oversees 264 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

Each fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-present) and Chairman and Director of FMR (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds. Ms. McAuliffe previously served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company). Earlier roles at FIL included Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo. Ms. McAuliffe also was the Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe is also a director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Previously, Ms. Acton served as a Member of the Advisory Board of certain Fidelity® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). She is the President of First to Four LLC (leadership and mentoring services, 2012-present). She also serves as a member of the Board of Directors and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor, and aerospace systems, 2013-present), Board of Directors and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and Board of Directors of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a Member of the Advisory Board of certain Fidelity® funds (2018), a member of the Board of Directors and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board of Directors, Chair of the Nomination and Governance Committee and member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Board of Directors of the Army Historical Foundation (2015-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present) and a member of the Board of Trustees of Florida Institute of Technology (2015-present) and ThanksUSA (military family education non-profit, 2014-present).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. He serves on the board of directors for Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-present) and K12 Inc. (technology-based education company, 2012-present). Previously, Mr. Engler served as interim president of Michigan State University (2018-2019), a Member of the Advisory Board of certain Fidelity® funds (2014-2016), president of the Business Roundtable (2011-2017), a trustee of The Munder Funds (2003-2014), president and CEO of the National Association of Manufacturers (2004-2011), member of the Board of Trustees of the Annie E. Casey Foundation (2004-2015), and as governor of Michigan (1991-2003). He is a past chairman of the National Governors Association.

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Mr. Gartland is Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007), and Chase Manhattan Bank (1975-1978).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity® funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation plc (diversified power management, 2009-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds and on the Board of Directors of IKON Office Solutions, Inc. (1999-2008), AGL Resources, Inc. (holding company, 2002-2016), and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity® funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company (pipeline and tanker operations). Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Santa Catalina Island Company (real estate, 2009-present). Ms. Knowles is a Member of the Investment Company Institute Board of Governors and a Member of the Governing Council of the Independent Directors Council (2014-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002). Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Mr. Murray is Vice Chairman (2013-present) of Meijer, Inc. (regional retail chain). Previously, Mr. Murray served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Chief Executive Officer (2013-2016) and President (2006-2013) of Meijer, Inc. Mr. Murray serves as a member of the Board of Directors and Nuclear Review and Public Policy and Responsibility Committees of DTE Energy Company (diversified energy company, 2009-present). Mr. Murray also serves as a member of the Board of Directors of Spectrum Health (not-for-profit health system, 2015-present). Mr. Murray previously served as President of Grand Valley State University (2001-2006), Treasurer for the State of Michigan (1999-2001), Vice President of Finance and Administration for Michigan State University (1998-1999), and a member of the Board of Directors and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray is also a director or trustee of many community and professional organizations.

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Elizabeth Paige Baumann (1968)

Year of Election or Appointment: 2017

Anti-Money Laundering (AML) Officer

Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2018

Secretary and Chief Legal Officer (CLO)

Mr. Coffey also serves as Secretary and CLO of other funds. Mr. Coffey serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-present); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-present). He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Assistant Secretary of certain funds (2009-2018) and as Vice President and Associate General Counsel of FMR LLC (2005-2009).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Adrien E. Deberghes (1967)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Deberghes also serves as an officer of other funds. He serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm, 2016-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as President and Treasurer of certain Fidelity® funds (2013-2018). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). Previously, Mr. Deberghes served in other fund officer roles.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Assistant Treasurer of certain Fidelity® funds (2016-2018). 

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight, serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

John B. McGinty, Jr. (1962)

Year of Election or Appointment: 2016

Chief Compliance Officer

Mr. McGinty also serves as Chief Compliance Officer of other funds. Mr. McGinty is Senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2016-present). Mr. McGinty previously served as Vice President, Senior Attorney at Eaton Vance Management (investment management firm, 2015-2016), and prior to Eaton Vance as global CCO for all firm operations and registered investment companies at GMO LLC (investment management firm, 2009-2015). Before joining GMO LLC, Mr. McGinty served as Senior Vice President, Deputy General Counsel for Fidelity Investments (2007-2009).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2015

Assistant Secretary

Mr. Pogorelec also serves as Assistant Secretary of other funds. Mr. Pogorelec serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2006-present).

Nancy D. Prior (1967)

Year of Election or Appointment: 2014

Vice President

Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President Fixed Income, High Income/Emerging Market Debt and Multi Asset Class Strategies of FIAM LLC (2018-present), President (2016-present) and Director (2014-present) of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm), President, Fixed Income (2014-present), and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Vice Chairman of FIAM LLC (investment adviser firm, 2014-2018), a Director of FMR Investment Management (UK) Limited (investment adviser firm, 2015-2018), President Multi-Asset Class Strategies of FMR's Global Asset Allocation Division (2017-2018), Vice President of Fidelity's Money Market Funds (2012-2014), President, Money Market and Short Duration Bond Group of Fidelity Management & Research (FMR) (investment adviser firm, 2013-2014), President, Money Market Group of FMR (2011-2013), Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of certain Fidelity® funds (2008-2009).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2018) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.

Marc L. Spector (1972)

Year of Election or Appointment: 2016

Deputy Treasurer

Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche (accounting firm, 2005-2013).

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).

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 (October 1, 2018 to March 31, 2019) for Class A, Class M, Class C, Class I and Class Z6 and for the period (October 2, 2018 to March 31, 2019) for Class Z. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (October 1, 2018 to March 31, 2019).

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
March 31, 2019 
Expenses Paid
During Period 
Advisor Freedom Income     
Class A .71%    
Actual  $1,000.00 $1,022.80 $3.58-B 
Hypothetical-C  $1,000.00 $1,021.39 $3.58-D 
Class M .96%    
Actual  $1,000.00 $1,020.60 $4.84-B 
Hypothetical-C  $1,000.00 $1,020.14 $4.84-D 
Class C 1.47%    
Actual  $1,000.00 $1,018.80 $7.40-B 
Hypothetical-C  $1,000.00 $1,017.60 $7.39-D 
Class I .46%    
Actual  $1,000.00 $1,023.90 $2.32-B 
Hypothetical-C  $1,000.00 $1,022.64 $2.32-D 
Class Z .42%    
Actual  $1,000.00 $1,024.70 $2.11-B 
Hypothetical-C  $1,000.00 $1,022.84 $2.12-D 
Class Z6 .37%    
Actual  $1,000.00 $1,024.70 $1.87-B 
Hypothetical-C  $1,000.00 $1,023.09 $1.87-D 
Advisor Freedom 2005     
Class A .73%    
Actual  $1,000.00 $1,018.40 $3.67-B 
Hypothetical-C  $1,000.00 $1,021.29 $3.68-D 
Class M .98%    
Actual  $1,000.00 $1,017.40 $4.93-B 
Hypothetical-C  $1,000.00 $1,020.04 $4.94-D 
Class C 1.48%    
Actual  $1,000.00 $1,014.80 $7.43-B 
Hypothetical-C  $1,000.00 $1,017.55 $7.44-D 
Class I .48%    
Actual  $1,000.00 $1,019.90 $2.42-B 
Hypothetical-C  $1,000.00 $1,022.54 $2.42-D 
Class Z .43%    
Actual  $1,000.00 $1,020.00 $2.15-B 
Hypothetical-C  $1,000.00 $1,022.79 $2.17-D 
Class Z6 .37%    
Actual  $1,000.00 $1,020.10 $1.86-B 
Hypothetical-C  $1,000.00 $1,023.09 $1.87-D 
Advisor Freedom 2010     
Class A .77%    
Actual  $1,000.00 $1,014.00 $3.87-B 
Hypothetical-C  $1,000.00 $1,021.09 $3.88-D 
Class M 1.02%    
Actual  $1,000.00 $1,013.30 $5.12-B 
Hypothetical-C  $1,000.00 $1,019.85 $5.14-D 
Class C 1.52%    
Actual  $1,000.00 $1,010.20 $7.62-B 
Hypothetical-C  $1,000.00 $1,017.35 $7.64-D 
Class I .52%    
Actual  $1,000.00 $1,015.50 $2.61-B 
Hypothetical-C  $1,000.00 $1,022.34 $2.62-D 
Class Z .47%    
Actual  $1,000.00 $1,016.50 $2.35-B 
Hypothetical-C  $1,000.00 $1,022.59 $2.37-D 
Class Z6 .39%    
Actual  $1,000.00 $1,016.50 $1.96-B 
Hypothetical-C  $1,000.00 $1,022.99 $1.97-D 
Advisor Freedom 2015     
Class A .82%    
Actual  $1,000.00 $1,009.00 $4.11-B 
Hypothetical-C  $1,000.00 $1,020.84 $4.13-D 
Class M 1.07%    
Actual  $1,000.00 $1,008.00 $5.36-B 
Hypothetical-C  $1,000.00 $1,019.60 $5.39-D 
Class C 1.57%    
Actual  $1,000.00 $1,005.90 $7.85-B 
Hypothetical-C  $1,000.00 $1,017.10 $7.90-D 
Class I .57%    
Actual  $1,000.00 $1,010.50 $2.86-B 
Hypothetical-C  $1,000.00 $1,022.09 $2.87-D 
Class Z .51%    
Actual  $1,000.00 $1,012.90 $2.55-B 
Hypothetical-C  $1,000.00 $1,022.39 $2.57-D 
Class Z6 .41%    
Actual  $1,000.00 $1,012.30 $2.06-B 
Hypothetical-C  $1,000.00 $1,022.89 $2.07-D 
Advisor Freedom 2020     
Class A .86%    
Actual  $1,000.00 $1,006.40 $4.30-B 
Hypothetical-C  $1,000.00 $1,020.64 $4.33-D 
Class M 1.11%    
Actual  $1,000.00 $1,004.60 $5.55-B 
Hypothetical-C  $1,000.00 $1,019.40 $5.59-D 
Class C 1.61%    
Actual  $1,000.00 $1,002.20 $8.04-B 
Hypothetical-C  $1,000.00 $1,016.90 $8.10-D 
Class I .61%    
Actual  $1,000.00 $1,007.30 $3.05-B 
Hypothetical-C  $1,000.00 $1,021.89 $3.07-D 
Class Z .54%    
Actual  $1,000.00 $1,009.10 $2.69-B 
Hypothetical-C  $1,000.00 $1,022.24 $2.72-D 
Class Z6 .43%    
Actual  $1,000.00 $1,007.80 $2.15-B 
Hypothetical-C  $1,000.00 $1,022.79 $2.17-D 
Advisor Freedom 2025     
Class A .90%    
Actual  $1,000.00 $1,002.00 $4.49-B 
Hypothetical-C  $1,000.00 $1,020.44 $4.53-D 
Class M 1.15%    
Actual  $1,000.00 $1,001.00 $5.74-B 
Hypothetical-C  $1,000.00 $1,019.20 $5.79-D 
Class C 1.65%    
Actual  $1,000.00 $998.70 $8.22-B 
Hypothetical-C  $1,000.00 $1,016.70 $8.30-D 
Class I .65%    
Actual  $1,000.00 $1,003.60 $3.25-B 
Hypothetical-C  $1,000.00 $1,021.69 $3.28-D 
Class Z .57%    
Actual  $1,000.00 $1,005.60 $2.83-B 
Hypothetical-C  $1,000.00 $1,022.09 $2.87-D 
Class Z6 .45%    
Actual  $1,000.00 $1,004.70 $2.25-B 
Hypothetical-C  $1,000.00 $1,022.69 $2.27-D 
Advisor Freedom 2030     
Class A .94%    
Actual  $1,000.00 $995.60 $4.68-B 
Hypothetical-C  $1,000.00 $1,020.24 $4.73-D 
Class M 1.19%    
Actual  $1,000.00 $993.70 $5.92-B 
Hypothetical-C  $1,000.00 $1,019.00 $5.99-D 
Class C 1.69%    
Actual  $1,000.00 $991.30 $8.39-B 
Hypothetical-C  $1,000.00 $1,016.50 $8.50-D 
Class I .69%    
Actual  $1,000.00 $996.70 $3.43-B 
Hypothetical-C  $1,000.00 $1,021.49 $3.48-D 
Class Z .60%    
Actual  $1,000.00 $999.10 $2.97-B 
Hypothetical-C  $1,000.00 $1,021.94 $3.02-D 
Class Z6 .47%    
Actual  $1,000.00 $997.30 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.59 $2.37-D 
Advisor Freedom 2035     
Class A .99%    
Actual  $1,000.00 $985.30 $4.90-B 
Hypothetical-C  $1,000.00 $1,020.00 $4.99-D 
Class M 1.24%    
Actual  $1,000.00 $984.10 $6.13-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.24-D 
Class C 1.73%    
Actual  $1,000.00 $982.00 $8.55-B 
Hypothetical-C  $1,000.00 $1,016.31 $8.70-D 
Class I .74%    
Actual  $1,000.00 $987.00 $3.67-B 
Hypothetical-C  $1,000.00 $1,021.24 $3.73-D 
Class Z .63%    
Actual  $1,000.00 $990.40 $3.11-B 
Hypothetical-C  $1,000.00 $1,021.79 $3.18-D 
Class Z6 .49%    
Actual  $1,000.00 $988.00 $2.43-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 
Advisor Freedom 2040     
Class A .99%    
Actual  $1,000.00 $981.60 $4.89-B 
Hypothetical-C  $1,000.00 $1,020.00 $4.99-D 
Class M 1.25%    
Actual  $1,000.00 $980.50 $6.17-B 
Hypothetical-C  $1,000.00 $1,018.70 $6.29-D 
Class C 1.74%    
Actual  $1,000.00 $978.50 $8.58-B 
Hypothetical-C  $1,000.00 $1,016.26 $8.75-D 
Class I .75%    
Actual  $1,000.00 $983.30 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.19 $3.78-D 
Class Z .65%    
Actual  $1,000.00 $987.00 $3.20-B 
Hypothetical-C  $1,000.00 $1,021.69 $3.28-D 
Class Z6 .49%    
Actual  $1,000.00 $985.10 $2.43-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 
Advisor Freedom 2045     
Class A .99%    
Actual  $1,000.00 $982.80 $4.89-B 
Hypothetical-C  $1,000.00 $1,020.00 $4.99-D 
Class M 1.24%    
Actual  $1,000.00 $980.80 $6.12-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.24-D 
Class C 1.74%    
Actual  $1,000.00 $978.70 $8.58-B 
Hypothetical-C  $1,000.00 $1,016.26 $8.75-D 
Class I .75%    
Actual  $1,000.00 $983.60 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.19 $3.78-D 
Class Z .64%    
Actual  $1,000.00 $986.70 $3.15-B 
Hypothetical-C  $1,000.00 $1,021.74 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $984.30 $2.42-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 
Advisor Freedom 2050     
Class A .99%    
Actual  $1,000.00 $981.80 $4.89-B 
Hypothetical-C  $1,000.00 $1,020.00 $4.99-D 
Class M 1.24%    
Actual  $1,000.00 $980.70 $6.12-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.24-D 
Class C 1.74%    
Actual  $1,000.00 $978.70 $8.58-B 
Hypothetical-C  $1,000.00 $1,016.26 $8.75-D 
Class I .75%    
Actual  $1,000.00 $983.40 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.19 $3.78-D 
Class Z .65%    
Actual  $1,000.00 $986.60 $3.20-B 
Hypothetical-C  $1,000.00 $1,021.69 $3.28-D 
Class Z6 .49%    
Actual  $1,000.00 $984.10 $2.42-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 
Advisor Freedom 2055     
Class A .99%    
Actual  $1,000.00 $982.10 $4.89-B 
Hypothetical-C  $1,000.00 $1,020.00 $4.99-D 
Class M 1.25%    
Actual  $1,000.00 $981.20 $6.17-B 
Hypothetical-C  $1,000.00 $1,018.70 $6.29-D 
Class C 1.74%    
Actual  $1,000.00 $978.70 $8.58-B 
Hypothetical-C  $1,000.00 $1,016.26 $8.75-D 
Class I .75%    
Actual  $1,000.00 $983.30 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.19 $3.78-D 
Class Z .65%    
Actual  $1,000.00 $986.50 $3.20-B 
Hypothetical-C  $1,000.00 $1,021.69 $3.28-D 
Class Z6 .49%    
Actual  $1,000.00 $984.90 $2.42-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 
Advisor Freedom 2060     
Class A 1.00%    
Actual  $1,000.00 $982.30 $4.94-B 
Hypothetical-C  $1,000.00 $1,019.95 $5.04-D 
Class M 1.25%    
Actual  $1,000.00 $980.50 $6.17-B 
Hypothetical-C  $1,000.00 $1,018.70 $6.29-D 
Class C 1.75%    
Actual  $1,000.00 $978.30 $8.63-B 
Hypothetical-C  $1,000.00 $1,016.21 $8.80-D 
Class I .75%    
Actual  $1,000.00 $983.50 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.19 $3.78-D 
Class Z .65%    
Actual  $1,000.00 $986.60 $3.20-B 
Hypothetical-C  $1,000.00 $1,021.69 $3.28-D 
Class Z6 .49%    
Actual  $1,000.00 $985.10 $2.43-B 
Hypothetical-C  $1,000.00 $1,022.49 $2.47-D 

 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 182/365 (to reflect the one-half year period) for Class A, Class M, Class C, Class I and Class Z6 and multiplied by 181/365 (to reflect the period October 2, 2018 to March 31, 2019) for Class Z.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period)

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:

 Pay Date Record Date Dividends Capital Gains 
Fidelity Advisor Freedom Income Fund     
Class A 05/06/19 05/03/19 $0.012 $0.097 
Class M 05/06/19 05/03/19 $0.010 $0.097 
Class C 05/06/19 05/03/19 $0.004 $0.097 
Class I 05/06/19 05/03/19 $0.014 $0.097 
Class Z 05/06/19 05/03/19 $0.014 $0.097 
Class Z6 05/06/19 05/03/19 $0.015 $0.097 
Fidelity Advisor Freedom 2005 Fund     
Class A 05/13/19 05/10/19 $0.032 $0.149 
Class M 05/13/19 05/10/19 $0.024 $0.149 
Class C 05/13/19 05/10/19 $0.000 $0.149 
Class I 05/13/19 05/10/19 $0.038 $0.149 
Class Z 05/13/19 05/10/19 $0.051 $0.149 
Class Z6 05/13/19 05/10/19 $0.042 $0.149 
Fidelity Advisor Freedom 2010 Fund     
Class A 05/13/19 05/10/19 $0.027 $0.238 
Class M 05/13/19 05/10/19 $0.019 $0.238 
Class C 05/13/19 05/10/19 $0.000 $0.238 
Class I 05/13/19 05/10/19 $0.034 $0.238 
Class Z 05/13/19 05/10/19 $0.048 $0.238 
Class Z6 05/13/19 05/10/19 $0.039 $0.238 
Fidelity Advisor Freedom 2015 Fund     
Class A 05/13/19 05/10/19 $0.019 $0.310 
Class M 05/13/19 05/10/19 $0.011 $0.310 
Class C 05/13/19 05/10/19 $0.000 $0.310 
Class I 05/13/19 05/10/19 $0.025 $0.310 
Class Z 05/13/19 05/10/19 $0.039 $0.310 
Class Z6 05/13/19 05/10/19 $0.031 $0.310 
Fidelity Advisor Freedom 2020 Fund     
Class A 05/13/19 05/10/19 $0.011 $0.401 
Class M 05/13/19 05/10/19 $0.003 $0.401 
Class C 05/13/19 05/10/19 $0.000 $0.401 
Class I 05/13/19 05/10/19 $0.018 $0.401 
Class Z 05/13/19 05/10/19 $0.037 $0.401 
Class Z6 05/13/19 05/10/19 $0.026 $0.401 
Fidelity Advisor Freedom 2025 Fund     
Class A 05/13/19 05/10/19 $0.004 $0.453 
Class M 05/13/19 05/10/19 $0.000 $0.449 
Class C 05/13/19 05/10/19 $0.000 $0.445 
Class I 05/13/19 05/10/19 $0.011 $0.453 
Class Z 05/13/19 05/10/19 $0.030 $0.453 
Class Z6 05/13/19 05/10/19 $0.020 $0.453 
Fidelity Advisor Freedom 2030 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.582 
Class M 05/13/19 05/10/19 $0.000 $0.576 
Class C 05/13/19 05/10/19 $0.000 $0.576 
Class I 05/13/19 05/10/19 $0.000 $0.590 
Class Z 05/13/19 05/10/19 $0.000 $0.612 
Class Z6 05/13/19 05/10/19 $0.000 $0.600 
Fidelity Advisor Freedom 2035 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.650 
Class M 05/13/19 05/10/19 $0.000 $0.644 
Class C 05/13/19 05/10/19 $0.000 $0.644 
Class I 05/13/19 05/10/19 $0.000 $0.658 
Class Z 05/13/19 05/10/19 $0.000 $0.680 
Class Z6 05/13/19 05/10/19 $0.000 $0.668 
Fidelity Advisor Freedom 2040 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.726 
Class M 05/13/19 05/10/19 $0.000 $0.720 
Class C 05/13/19 05/10/19 $0.000 $0.720 
Class I 05/13/19 05/10/19 $0.000 $0.734 
Class Z 05/13/19 05/10/19 $0.000 $0.756 
Class Z6 05/13/19 05/10/19 $0.000 $0.746 
Fidelity Advisor Freedom 2045 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.558 
Class M 05/13/19 05/10/19 $0.000 $0.553 
Class C 05/13/19 05/10/19 $0.000 $0.553 
Class I 05/13/19 05/10/19 $0.000 $0.565 
Class Z 05/13/19 05/10/19 $0.000 $0.581 
Class Z6 05/13/19 05/10/19 $0.000 $0.573 
Fidelity Advisor Freedom 2050 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.557 
Class M 05/13/19 05/10/19 $0.000 $0.548 
Class C 05/13/19 05/10/19 $0.000 $0.548 
Class I 05/13/19 05/10/19 $0.000 $0.563 
Class Z 05/13/19 05/10/19 $0.000 $0.575 
Class Z6 05/13/19 05/10/19 $0.000 $0.571 
Fidelity Advisor Freedom 2055 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.597 
Class M 05/13/19 05/10/19 $0.000 $0.590 
Class C 05/13/19 05/10/19 $0.000 $0.587 
Class I 05/13/19 05/10/19 $0.000 $0.604 
Class Z 05/13/19 05/10/19 $0.000 $0.622 
Class Z6 05/13/19 05/10/19 $0.000 $0.613 
Fidelity Advisor Freedom 2060 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.488 
Class M 05/13/19 05/10/19 $0.000 $0.481 
Class C 05/13/19 05/10/19 $0.000 $0.477 
Class I 05/13/19 05/10/19 $0.000 $0.494 
Class Z 05/13/19 05/10/19 $0.000 $0.500 
Class Z6 05/13/19 05/10/19 $0.000 $0.500 

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2019, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Advisor Freedom Income Fund $5,686,514 
Fidelity Advisor Freedom 2005 Fund $6,964,619 
Fidelity Advisor Freedom 2010 Fund $21,326,124 
Fidelity Advisor Freedom 2015 Fund $59,930,858 
Fidelity Advisor Freedom 2020 Fund $132,867,679 
Fidelity Advisor Freedom 2025 Fund $175,855,012 
Fidelity Advisor Freedom 2030 Fund $210,951,656 
Fidelity Advisor Freedom 2035 Fund $196,084,414 
Fidelity Advisor Freedom 2040 Fund $182,822,000 
Fidelity Advisor Freedom 2045 Fund $116,180,802 
Fidelity Advisor Freedom 2050 Fund $93,214,862 
Fidelity Advisor Freedom 2055 Fund $46,180,741 
Fidelity Advisor Freedom 2060 Fund $9,430,408 

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax:

Fidelity Advisor Freedom Income Fund  
Class A 16.30% 
Class M 16.30% 
Class C 16.30% 
Class I 16.30% 
Class Z 16.30% 
Class Z6 16.30% 
Fidelity Advisor Freedom 2005 Fund  
Class A 12.71% 
Class M 12.71% 
Class C 12.71% 
Class I 12.71% 
Class Z 12.71% 
Class Z6 12.71% 
Fidelity Advisor Freedom 2010 Fund  
Class A 11.90% 
Class M 11.90% 
Class C 11.90% 
Class I 11.90% 
Class Z 11.90% 
Class Z6 11.90% 
Fidelity Advisor Freedom 2015 Fund  
Class A 7.94% 
Class M 7.94% 
Class C 7.94% 
Class I 7.94% 
Class Z 7.94% 
Class Z6 7.94% 
Fidelity Advisor Freedom 2020 Fund  
Class A 6.46% 
Class M 6.46% 
Class C 6.46% 
Class I 6.46% 
Class Z 6.46% 
Class Z6 6.46% 
Fidelity Advisor Freedom 2025 Fund  
Class A 5.56% 
Class M 5.56% 
Class C 5.56% 
Class I 5.56% 
Class Z 5.56% 
Class Z6 5.56% 
Fidelity Advisor Freedom 2030 Fund  
Class A 4.90% 
Class M 4.90% 
Class C 4.90% 
Class I 4.90% 
Class Z 4.90% 
Class Z6 4.90% 
Fidelity Advisor Freedom 2035 Fund  
Class A 2.15% 
Class M 2.15% 
Class C 2.15% 
Class I 2.15% 
Class Z 2.15% 
Class Z6 2.15% 
Fidelity Advisor Freedom 2040 Fund  
Class A 1.60% 
Class M 1.60% 
Class C 1.60% 
Class I 1.60% 
Class Z 1.60% 
Class Z6 1.60% 
Fidelity Advisor Freedom 2045 Fund  
Class A 2.08% 
Class M 2.08% 
Class C 2.08% 
Class I 2.08% 
Class Z 2.08% 
Class Z6 2.08% 
Fidelity Advisor Freedom 2050 Fund  
Class A 2.08% 
Class M 2.08% 
Class C 2.08% 
Class I 2.08% 
Class Z 2.08% 
Class Z6 2.08% 
Fidelity Advisor Freedom 2055 Fund  
Class A 1.62% 
Class M 1.62% 
Class C 1.62% 
Class I 1.62% 
Class Z 1.62% 
Class Z6 1.62% 
Fidelity Advisor Freedom 2060 Fund  
Class A 1.59% 
Class C 1.59% 
Class I 1.59% 
Class M 1.59% 
Class Z 1.59% 
Class Z6 1.59% 

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:

 Class A Class M Class C Class I Class Z Class Z6 
Fidelity Advisor Freedom Income Fund       
April 2018 0% 0% 0% 0% N/A 0% 
May 2018 3% 3% 4% 2% N/A 2% 
June 2018 6% 9% 22% 5% N/A 4% 
July 2018 6% 8% 19% 5% N/A 4% 
August 2018 6% 8% 14% 5% N/A 5% 
September 2018 6% 8% 19% 5% N/A 5% 
October 2018 6% 7% 10% 6% 6% 5% 
November 2018 6% 7% 13% 5% 4% 5% 
December 2018 6% 7% 7% 6% 6% 6% 
February 2019 1% 1% 2% 1% 1% 1% 
March 2019 1% 1% 3% 1% 1% 1% 
Fidelity Advisor Freedom 2005 Fund       
May 2018 2% 3% 4% 2% N/A 1% 
December 2018 10% 11% 14% 9% 8% 9% 
Fidelity Advisor Freedom 2010 Fund       
May 2018 3% 4% 10% 2% N/A 2% 
December 2018 14% 15% 21% 12% 11% 12% 
Fidelity Advisor Freedom 2015 Fund       
May 2018 4% 6% 14% 3% N/A 3% 
December 2018 17% 18% 23% 15% 13% 14% 
Fidelity Advisor Freedom 2020 Fund       
May 2018 6% 9% – 5% N/A 4% 
December 2018 19% 20% 26% 17% 15% 16% 
Fidelity Advisor Freedom 2025 Fund       
May 2018 10% 18% – 7% N/A 5% 
December 2018 24% 26% 34% 22% 19% 20% 
Fidelity Advisor Freedom 2030 Fund       
May 2018 15% 31% – 9% N/A 6% 
December 2018 29% 31% 39% 26% 22% 26% 
Fidelity Advisor Freedom 2035 Fund       
December 2018 32% 34% 45% 29% 24% 26% 
Fidelity Advisor Freedom 2040 Fund       
December 2018 32% 35% 44% 29% 25% 26% 
Fidelity Advisor Freedom 2045 Fund       
December 2018 36% 39% 48% 33% 27% 29% 
Fidelity Advisor Freedom 2050 Fund       
December 2018 34% 37% 46% 31% 26% 28% 
Fidelity Advisor Freedom 2055 Fund       
December 2018 35% 38% 46% 32% 27% 28% 
Fidelity Advisor Freedom 2060 Fund       
December 2018 34% 36% 43% 31% 27% 28% 

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

 Class A Class M Class C Class I Class Z Class Z6 
Fidelity Advisor Freedom Income Fund       
April 2018 0% 0% 0% 0% N/A 0% 
May 2018 9% 10% 14% 8% N/A 7% 
June 2018 19% 26% 64% 15% N/A 13% 
July 2018 19% 25% 56% 15% N/A 13% 
August 2018 19% 23% 40% 16% N/A 15% 
September 2018 19% 25% 56% 15% N/A 14% 
October 2018 18% 20% 29% 17% 17% 16% 
November 2018 19% 20% 40% 16% 14% 15% 
December 2018 18% 19% 21% 18% 17% 17% 
February 2019 1% 1% 2% 1% 1% 1% 
March 2019 1% 1% 3% 1% 1% 1% 
Fidelity Advisor Freedom 2005 Fund       
May 2018 3% 4% 6% 3% N/A 2% 
December 2018 27% 29% 38% 25% 22% 23% 
Fidelity Advisor Freedom 2010 Fund       
May 2018 5% 6% 13% 4% N/A 3% 
December 2018 36% 38% 53% 32% 28% 30% 
Fidelity Advisor Freedom 2015 Fund       
May 2018 7% 9% 20% 5% N/A 5% 
December 2018 44% 48% 61% 40% 34% 37% 
Fidelity Advisor Freedom 2020 Fund       
May 2018 9% 13% – 7% N/A 5% 
December 2018 46% 50% 63% 42% 36% 39% 
Fidelity Advisor Freedom 2025 Fund       
May 2018 13% 24% – 9% N/A 6% 
December 2018 53% 57% 75% 49% 42% 44% 
Fidelity Advisor Freedom 2030 Fund       
May 2018 18% 38% – 12% N/A 7% 
December 2018 64% 69% 86% 58% 50% 53% 
Fidelity Advisor Freedom 2035 Fund       
December 2018 76% 81% 100% 69% 58% 62% 
Fidelity Advisor Freedom 2040 Fund       
December 2018 81% 87% 100% 74% 62% 67% 
Fidelity Advisor Freedom 2045 Fund       
December 2018 80% 87% 100% 73% 62% 65% 
Fidelity Advisor Freedom 2050 Fund       
December 2018 81% 88% 100% 74% 62% 66% 
Fidelity Advisor Freedom 2055 Fund       
December 2018 82% 88% 100% 74% 62% 66% 
Fidelity Advisor Freedom 2060 Fund       
December 2018 80% 87% 100% 74% 63% 67% 

The funds will notify shareholders in January 2020 of amounts for use in preparing 2019 income tax returns.





Fidelity Investments

AFF-ANN-0519
1.792114.116




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



Annual Report

March 31, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Performance

Management's Discussion of Fund Performance

Fidelity Freedom® Index Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Index 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

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 (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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.09% 3.20% 3.77% 
Institutional Premium Class 4.16% 3.23% 3.78% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index Income Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$14,206Fidelity Freedom® Index Income Fund - Investor Class

$13,671Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Index 2005 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.25% 3.97% 5.24% 
Institutional Premium Class 4.31% 4.01% 5.26% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2005 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$16,244Fidelity Freedom® Index 2005 Fund - Investor Class

$13,671Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Index 2010 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.43% 4.55% 6.18% 
Institutional Premium Class 4.49% 4.60% 6.20% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2010 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$17,668Fidelity Freedom® Index 2010 Fund - Investor Class

$13,671Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Index 2015 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.55% 5.11% 6.62% 
Institutional Premium Class 4.55% 5.15% 6.64% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2015 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$18,380Fidelity Freedom® Index 2015 Fund - Investor Class

$13,671Bloomberg Barclays U.S. Aggregate Bond Index

$33,703S&P 500 Index

Going forward, the fund’s performance will be compared to the Bloomberg Barclays U.S. Aggregate Bond Index, rather than the S&P 500® Index. The Bloomberg Barclays U.S. Aggregate Bond Index more closely represents the fund’s investment strategy, as fixed-income and short-term funds currently represent the majority of the fund’s assets.



Fidelity Freedom® Index 2020 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.59% 5.49% 7.20% 
Institutional Premium Class 4.65% 5.54% 7.23% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2020 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$19,361Fidelity Freedom® Index 2020 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2025 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.64% 5.88% 7.93% 
Institutional Premium Class 4.70% 5.92% 7.96% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2025 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$20,649Fidelity Freedom® Index 2025 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2030 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.71% 6.63% 8.55% 
Institutional Premium Class 4.82% 6.68% 8.58% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2030 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$21,796Fidelity Freedom® Index 2030 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2035 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.63% 7.16% 9.18% 
Institutional Premium Class 4.69% 7.21% 9.21% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2035 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$23,030Fidelity Freedom® Index 2035 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2040 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.56% 7.19% 9.25% 
Institutional Premium Class 4.61% 7.23% 9.28% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2040 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$23,180Fidelity Freedom® Index 2040 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2045 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.58% 7.18% 9.33% 
Institutional Premium Class 4.58% 7.23% 9.35% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2045 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$23,324Fidelity Freedom® Index 2045 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2050 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.53% 7.18% 9.37% 
Institutional Premium Class 4.59% 7.22% 9.40% 

 A From October 2, 2009

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2050 Fund - Investor Class on October 2, 2009, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$23,424Fidelity Freedom® Index 2050 Fund - Investor Class

$33,703S&P 500® Index

Fidelity Freedom® Index 2055 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Past 5 years Life of fundA 
Investor Class 4.57% 7.18% 7.91% 
Institutional Premium Class 4.61% 7.22% 7.93% 

 A From June 1, 2011

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2055 Fund - Investor Class on June 1, 2011, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$18,151Fidelity Freedom® Index 2055 Fund - Investor Class

$25,424S&P 500® Index

Fidelity Freedom® Index 2060 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended March 31, 2019 Past 1 year Life of fundA 
Investor Class 4.54% 7.21% 
Institutional Premium Class 4.66% 7.26% 

 A From August 5, 2014

 The initial offering of Institutional Premium Class took place on June 24, 2015. Returns prior to June 24, 2015 are those of Investor Class, the original class of the fund. 

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Index 2060 Fund - Investor Class on August 5, 2014, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$13,828Fidelity Freedom® Index 2060 Fund - Investor Class

$16,256S&P 500® Index

Management's Discussion of Fund Performance

Market Recap:  The global economy remained in expansion for the 12 months ending March 31, 2019, but growth was less synchronous and uneven. Many major economies progressed toward more-advanced stages of the business cycle. Financial markets responded favorably to the U.S. Federal Reserve’s shift away from its monetary tightening bias in the first quarter of 2019. Most economic indicators remained tepid, although China displayed some initial signs of stabilizing activity, and stepped up the pace of fiscal and monetary stimulus in the first quarter. Against this backdrop, the MSCI World ex USA Index of non-U.S. equity markets returned -2.91% for the year. Much of the negative impact came in the volatile fourth quarter of 2018, when the index returned -13%, followed by a sharp rebound to begin 2019. Among regions in the index, stocks in resource-rich Canada gained 4%, benefiting from rising crude-oil prices early and late in the period, while Asia Pacific ex Japan (+4%) was aided by stabilizing returns in Hong Kong, which rose 8%. Conversely, stocks in Japan (-8%), emerging markets (0%) and Europe ex U.K. (-4%) lagged. Results at home were markedly better. The U.S. equity bellwether S&P 500® index rose 9.50%. Nine of 11 sectors in the S&P 500® had a positive return. Three defensive sectors stood out: real estate (+21%), utilities (+19%) and health care (+15%). Conversely, some economically sensitive sectors struggled, with financials (-5%) faring worst. The small-cap-oriented Russell 2000® Index gained 2.05% for the 12 months. Commodities also lagged, as evidenced by the -5.25% result of the Bloomberg Barclays Commodity Index Total Return. U.S. investment-grade bonds gained 4.48%, according to the Bloomberg Barclays U.S. Aggregate Bond Index, largely driven by surging returns for credit-sensitive sectors. U.S. corporate bonds increased 4.89%, according to the Bloomberg Barclays Credit Bond Index. Elsewhere, securitized sectors fared well, led by commercial mortgage-backed securities (+5.43%). Agency bonds and Treasury Inflation-Protected Securities (TIPS) lagged, as measured by the 3.73% return of the Bloomberg Barclays U.S. Agency Bond Index and the 2.70% advance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index (Series-L), respectively.

Comments from Co-Portfolio Managers Andrew Dierdorf, Brett Sumsion and Finola McGuire Foley:  For the fiscal year ending March 31, 2019, the Investor Class shares of each Fidelity Freedom® Index Fund posted a gain, ranging from 4.09% for Fidelity Freedom® Index Income Fund to 4.71% for Fidelity Freedom Index 2030 Fund. Each Fund performed roughly in line with its respective Composite index. U.S. equities were the top-performing asset class, benefiting from a stable economic backdrop and consistent earnings growth, on average, despite some significant fourth-quarter volatility. The Funds’ investment in Fidelity® Total Market Index Fund Class F, which invests in large and small-cap stocks as well as growth and value stocks, gained 8.67% the past 12 months, about in line with the performance of the benchmark Dow Jones U.S. Total Stock Market Index. Underlying investment performance in non-U.S. equities modestly held back the Funds' performance versus Composites. More specifically, the performance of Fidelity Series Global ex U.S. Index Fund moderately trailed the return of -4.04% return of the MSCI All Country World ex U.S.A. Index, the Composites' benchmark for non-U.S. equities. Conversely, the Funds' investment in Fidelity U.S. Bond Index Fund slightly outperformed the Bloomberg Barclays U.S. Aggregate Bond Index, the benchmark for investment-grade bonds. Elsewhere, the Funds' investment in Fidelity® Series Long-Term Treasury Bond Index Fund, which was phased in to the glide path during the second half of 2018, returned 6.19%, compared with a 5.91% advance for the Bloomberg Barclays U.S. Long-Term Treasury Bond Index.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Notes to Shareholders:  At its May 2018 meeting, the Board of Trustees approved incremental updates to the glide path and strategic asset allocation of Fidelity Freedom Index Funds, adding U.S. Treasury Inflation-Protected Securities and long-term U.S. Treasury bonds as fixed exposures in the Funds’ bond allocations, and slightly reducing the equity and short-term debt allocations for shorter-dated Funds. These updates have been fully implemented. At its May 2019 meeting, the Board of Trustees approved adjusting the equity composition of the strategic asset allocation from 70%/30% to 60%/40% for U.S./non-U.S. equities. On June 15, 2018, Finola McGuire Foley joined Andrew Dierdorf and Brett Sumsion as a co-manager for the Funds.

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 March 31, 2019

 % of fund's net assets 
Fidelity U.S. Bond Index Fund Class F 45.6 
Fidelity Series Treasury Bill Index Fund 22.5 
Fidelity Total Market Index Fund Class F 13.3 
Fidelity Series Inflation-Protected Bond Index Fund 9.9 
Fidelity Series Global ex U.S. Index Fund 5.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 13.3% 
   International Equity Funds 5.7% 
   Bond Funds 48.6% 
   Inflation-Protected Bond Funds 9.9% 
   Short-Term Funds 22.5% 


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

Fidelity Freedom® Index Income Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 13.3%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $24,193,991) 583,670 46,997,134 
International Equity Funds - 5.7%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $17,172,987) 1,645,670 20,110,090 
Bond Funds - 48.6%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,212,045 10,750,841 
Fidelity U.S. Bond Index Fund Class F (a) 13,967,506 161,045,339 
TOTAL BOND FUNDS   
(Cost $170,260,488)  171,796,180 
Inflation-Protected Bond Funds - 9.9%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $36,080,645) 3,593,837 35,147,725 
Short-Term Funds - 22.5%   
Fidelity Cash Central Fund, 2.48% (b) 
Fidelity Series Treasury Bill Index Fund (a) 7,940,190 79,322,502 
TOTAL SHORT-TERM FUNDS   
(Cost $79,399,726)  79,322,506 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $327,107,837)  353,373,635 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (26,353) 
NET ASSETS - 100%  $353,347,282 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $15 
Total $15 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $3,156,179 $314,220 $3,402,568 $-- $86,287 $(154,118) $-- 
Fidelity Series Global ex U.S. Index Fund 20,722,646 7,527,118 6,941,522 477,981 68,795 (1,266,947) 20,110,090 
Fidelity Series Government Money Market Fund 2.5% 87,010,072 10,442,274 97,452,346 665,246 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 17,437,302 21,324,755 3,868,015 583,125 (9,934) 263,617 35,147,725 
Fidelity Series Long-Term Treasury Bond Index Fund -- 11,685,498 1,426,439 191,884 2,372 489,410 10,750,841 
Fidelity Series Treasury Bill Index Fund -- 87,364,405 7,963,397 1,155,264 (1,286) (77,220) 79,322,502 
Fidelity Total Market Index Fund Class F 45,648,675 18,094,961 20,620,545 973,379 2,270,339 1,603,704 46,997,134 
Fidelity U.S. Bond Index Fund Class F 116,416,217 64,744,280 23,008,528 3,931,518 (146,911) 3,040,281 161,045,339 
 $290,391,091 $221,497,511 $164,683,360 $7,978,397 $2,269,662 $3,898,727 $353,373,631 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $4) $4  
Other affiliated issuers (cost $327,107,833) 353,373,631  
Total Investment in Securities (cost $327,107,837)  $353,373,635 
Cash  16 
Receivable for investments sold  1,449,112 
Receivable for fund shares sold  372,337 
Receivable from investment adviser for expense reductions  9,849 
Total assets  355,204,949 
Liabilities   
Payable for investments purchased $575,045  
Payable for fund shares redeemed 1,246,425  
Transfer agent fees payable 36,197  
Total liabilities  1,857,667 
Net Assets  $353,347,282 
Net Assets consist of:   
Paid in capital  $327,300,048 
Total distributable earnings (loss)  26,047,234 
Net Assets  $353,347,282 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($167,641,301 ÷ 13,996,303 shares)  $11.98 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($185,705,981 ÷ 15,523,025 shares)  $11.96 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $7,313,854 
Income from Fidelity Central Funds  15 
Total income  7,313,869 
Expenses   
Transfer agent fees $394,841  
Independent trustees' fees and expenses 1,482  
Total expenses before reductions 396,323  
Expense reductions (105,939)  
Total expenses after reductions  290,384 
Net investment income (loss)  7,023,485 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 2,269,662  
Capital gain distributions from underlying funds:   
Affiliated issuers 664,543  
Total net realized gain (loss)  2,934,205 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 3,898,727  
Total change in net unrealized appreciation (depreciation)  3,898,727 
Net gain (loss)  6,832,932 
Net increase (decrease) in net assets resulting from operations  $13,856,417 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,023,485 $4,737,255 
Net realized gain (loss) 2,934,205 392,551 
Change in net unrealized appreciation (depreciation) 3,898,727 5,485,884 
Net increase (decrease) in net assets resulting from operations 13,856,417 10,615,690 
Distributions to shareholders (9,588,519) – 
Distributions to shareholders from net investment income – (4,573,579) 
Distributions to shareholders from net realized gain – (992,287) 
Total distributions (9,588,519) (5,565,866) 
Share transactions - net increase (decrease) 58,712,635 20,903,404 
Total increase (decrease) in net assets 62,980,533 25,953,228 
Net Assets   
Beginning of period 290,366,749 264,413,521 
End of period $353,347,282 $290,366,749 
Other Information   
Undistributed net investment income end of period  $427,760 

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


Financial Highlights

Fidelity Freedom Index Income Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $11.86 $11.63 $11.36 $11.52 $11.32 
Income from Investment Operations      
Net investment income (loss)A .25 .20 .17 .16 .17 
Net realized and unrealized gain (loss) .22 .27 .28 (.15) .26 
Total from investment operations .47 .47 .45 .01 .43 
Distributions from net investment income (.25) (.19) (.17) (.16) (.16) 
Distributions from net realized gain (.10) (.04) (.01) (.01) (.07) 
Total distributions (.35) (.24)B (.18) (.17) (.23) 
Net asset value, end of period $11.98 $11.86 $11.63 $11.36 $11.52 
Total ReturnC 4.09% 4.02% 4.02% .10% 3.83% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12% .12% .08% .07% .08% 
Expenses net of all reductions .12% .12% .08% .07% .08% 
Net investment income (loss) 2.15% 1.69% 1.48% 1.39% 1.49% 
Supplemental Data      
Net assets, end of period (000 omitted) $167,641 $126,634 $118,421 $140,481 $244,260 
Portfolio turnover rateE 51% 17% 52% 22% 20%F 

 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 $.192 and distributions from net realized gain of $.043 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount does not include the portfolio activity of any Underlying Funds.

 F 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

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.84 $11.61 $11.35 $11.48 
Income from Investment Operations     
Net investment income (loss)B .26 .21 .18 .18 
Net realized and unrealized gain (loss) .22 .26 .27 (.15) 
Total from investment operations .48 .47 .45 .03 
Distributions from net investment income (.26) (.20) (.18) (.15) 
Distributions from net realized gain (.10) (.04) (.01) (.01) 
Total distributions (.36) (.24) (.19) (.16) 
Net asset value, end of period $11.96 $11.84 $11.61 $11.35 
Total ReturnC,D 4.16% 4.07% 4.00% .26% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .10% .10% .09% .05%G 
Expenses net of fee waivers, if any .06% .07% .03% .01%G 
Expenses net of all reductions .06% .07% .03% .01%G 
Net investment income (loss) 2.21% 1.74% 1.54% 2.12%G 
Supplemental Data     
Net assets, end of period (000 omitted) $185,706 $163,733 $145,993 $108,865 
Portfolio turnover rateF 51% 17% 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 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. 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.

 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 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity U.S. Bond Index Fund Class F 42.8 
Fidelity Total Market Index Fund Class F 18.8 
Fidelity Series Treasury Bill Index Fund 18.7 
Fidelity Series Inflation-Protected Bond Index Fund 8.6 
Fidelity Series Global ex U.S. Index Fund 8.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 18.8% 
   International Equity Funds 8.1% 
   Bond Funds 45.8% 
   Inflation-Protected Bond Funds 8.6% 
   Short-Term Funds 18.7% 


Fidelity Freedom® Index 2005 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 18.8%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $12,665,660) 305,876 24,629,144 
International Equity Funds - 8.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $9,265,647) 865,248 10,573,328 
Bond Funds - 45.8%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449,104 3,983,556 
Fidelity U.S. Bond Index Fund Class F (a) 4,852,228 55,946,192 
TOTAL BOND FUNDS   
(Cost $59,463,634)  59,929,748 
Inflation-Protected Bond Funds - 8.6%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $11,414,906) 1,145,417 11,202,177 
Short-Term Funds - 18.7%   
Fidelity Series Treasury Bill Index Fund (a)   
(Cost $24,530,095) 2,453,175 24,507,215 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,339,942)  130,841,612 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (9,826) 
NET ASSETS - 100%  $130,831,786 

Legend

 (a) Affiliated Fund

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $1,212,894 $63,617 $1,252,923 $-- $31,879 $(55,467) $-- 
Fidelity Series Global ex U.S. Index Fund 11,171,164 3,826,373 3,783,339 257,960 35,122 (675,992) 10,573,328 
Fidelity Series Government Money Market Fund 2.5% 27,224,733 1,940,164 29,164,897 196,273 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 5,796,442 6,864,302 1,539,022 185,125 (8,901) 89,356 11,202,177 
Fidelity Series Long-Term Treasury Bond Index Fund -- 4,411,419 613,918 69,953 558 185,497 3,983,556 
Fidelity Series Treasury Bill Index Fund -- 27,287,492 2,756,630 346,816 (767) (22,880) 24,507,215 
Fidelity Total Market Index Fund Class F 25,037,660 9,503,354 11,817,407 521,446 1,121,795 783,742 24,629,144 
Fidelity U.S. Bond Index Fund Class F 42,778,527 22,167,567 10,000,043 1,342,341 (42,087) 1,042,228 55,946,192 
 $113,221,420 $76,064,288 $60,928,179 $2,919,914 $1,137,599 $1,346,484 $130,841,612 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,339,942) $130,841,612  
Total Investment in Securities (cost $117,339,942)  $130,841,612 
Cash  
Receivable for investments sold  410,033 
Receivable for fund shares sold  107,772 
Receivable from investment adviser for expense reductions  3,804 
Total assets  131,363,224 
Liabilities   
Payable for investments purchased $304,908  
Payable for fund shares redeemed 212,934  
Transfer agent fees payable  13,596  
Total liabilities  531,438 
Net Assets  $130,831,786 
Net Assets consist of:   
Paid in capital  $117,131,039 
Total distributable earnings (loss)  13,700,747 
Net Assets  $130,831,786 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($66,875,355 ÷ 4,953,213 shares)  $13.50 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($63,956,431 ÷ 4,736,106 shares)  $13.50 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,668,735 
Expenses   
Transfer agent fees $147,679  
Independent trustees' fees and expenses 544  
Total expenses before reductions 148,223  
Expense reductions (40,391)  
Total expenses after reductions  107,832 
Net investment income (loss)  2,560,903 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,137,599  
Capital gain distributions from underlying funds:   
Affiliated issuers 251,179  
Total net realized gain (loss)  1,388,778 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,346,484  
Total change in net unrealized appreciation (depreciation)  1,346,484 
Net gain (loss)  2,735,262 
Net increase (decrease) in net assets resulting from operations  $5,296,165 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,560,903 $1,789,880 
Net realized gain (loss) 1,388,778 135,404 
Change in net unrealized appreciation (depreciation) 1,346,484 3,048,242 
Net increase (decrease) in net assets resulting from operations 5,296,165 4,973,526 
Distributions to shareholders (3,609,349) – 
Distributions to shareholders from net investment income – (1,657,960) 
Distributions to shareholders from net realized gain – (480,582) 
Total distributions (3,609,349) (2,138,542) 
Share transactions - net increase (decrease) 15,933,338 19,616,925 
Total increase (decrease) in net assets 17,620,154 22,451,909 
Net Assets   
Beginning of period 113,211,632 90,759,723 
End of period $130,831,786 $113,211,632 
Other Information   
Undistributed net investment income end of period  $335,631 

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


Financial Highlights

Fidelity Freedom Index 2005 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $13.36 $12.94 $12.45 $12.71 $12.50 
Income from Investment Operations      
Net investment income (loss)A .29 .23 .20 .20 .21 
Net realized and unrealized gain (loss) .26 .47 .52 (.25) .39 
Total from investment operations .55 .70 .72 (.05) .60 
Distributions from net investment income (.26) (.21) (.20) (.20) (.33) 
Distributions from net realized gain (.14) (.07) (.03) B (.06) 
Total distributions (.41)C (.28) (.23) (.21)D (.39) 
Net asset value, end of period $13.50 $13.36 $12.94 $12.45 $12.71 
Total ReturnE 4.25% 5.41% 5.84% (.40)% 4.87% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12% .12% .09% .07% .08% 
Expenses net of all reductions .12% .12% .09% .07% .08% 
Net investment income (loss) 2.16% 1.74% 1.60% 1.58% 1.65% 
Supplemental Data      
Net assets, end of period (000 omitted) $66,875 $60,299 $43,767 $50,790 $74,516 
Portfolio turnover rateG 52% 26% 52% 28% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.41 per share is comprised of distributions from net investment income of $.264 and distributions from net realized gain of $.142 per share.

 D 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.

 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.

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


Fidelity Freedom Index 2005 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $13.36 $12.94 $12.45 $12.73 
Income from Investment Operations     
Net investment income (loss)B .30 .24 .21 .21 
Net realized and unrealized gain (loss) .25 .46 .52 (.30) 
Total from investment operations .55 .70 .73 (.09) 
Distributions from net investment income (.27) (.22) (.21) (.18) 
Distributions from net realized gain (.14) (.07) (.03) C 
Total distributions (.41) (.28)D (.24) (.19)E 
Net asset value, end of period $13.50 $13.36 $12.94 $12.45 
Total ReturnF,G 4.31% 5.45% 5.90% (.73)% 
Ratios to Average Net AssetsH,I     
Expenses before reductions .10% .10% .09% .05%J 
Expenses net of fee waivers, if any .06% .07% .03% .01%J 
Expenses net of all reductions .06% .07% .03% .01%J 
Net investment income (loss) 2.22% 1.79% 1.66% 2.28%J 
Supplemental Data     
Net assets, end of period (000 omitted) $63,956 $52,913 $46,992 $28,910 
Portfolio turnover rateI 52% 26% 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 $.28 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.066 per share.

 E 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.

 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 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity U.S. Bond Index Fund Class F 39.2 
Fidelity Total Market Index Fund Class F 25.3 
Fidelity Series Treasury Bill Index Fund 14.6 
Fidelity Series Global ex U.S. Index Fund 10.8 
Fidelity Series Inflation-Protected Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 25.3% 
   International Equity Funds 10.8% 
   Bond Funds 42.2% 
   Inflation-Protected Bond Funds 7.1% 
   Short-Term Funds 14.6% 


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

Fidelity Freedom® Index 2010 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 25.3%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $62,743,808) 1,768,475 142,397,568 
International Equity Funds - 10.8%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $51,176,824) 4,990,978 60,989,749 
Bond Funds - 42.2%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,938,301 17,192,727 
Fidelity U.S. Bond Index Fund Class F (a) 19,168,456 221,012,303 
TOTAL BOND FUNDS   
(Cost $236,301,100)  238,205,030 
Inflation-Protected Bond Funds - 7.1%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $40,910,425) 4,111,391 40,209,406 
Short-Term Funds - 14.6%   
Fidelity Cash Central Fund, 2.48% (b) 
Fidelity Series Treasury Bill Index Fund (a) 8,247,097 82,388,494 
TOTAL SHORT-TERM FUNDS   
(Cost $82,466,510)  82,388,499 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $473,598,667)  564,190,252 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (38,646) 
NET ASSETS - 100%  $564,151,606 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $23 
Total $23 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $6,128,984 $160,916 $6,172,496 $-- $174,426 $(291,830) $-- 
Fidelity Series Global ex U.S. Index Fund 69,890,623 13,951,346 18,335,057 1,589,549 433,292 (4,950,455) 60,989,749 
Fidelity Series Government Money Market Fund 2.5% 104,377,971 5,402,970 109,780,941 756,877 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 24,063,708 21,908,160 6,006,895 705,230 (167,072) 411,505 40,209,406 
Fidelity Series Long-Term Treasury Bond Index Fund -- 19,351,521 2,936,094 323,626 (5,883) 783,183 17,192,727 
Fidelity Series Treasury Bill Index Fund -- 92,625,014 10,156,205 1,226,728 (2,304) (78,011) 82,388,494 
Fidelity Total Market Index Fund Class F 157,960,054 33,869,516 60,400,408 3,234,797 12,102,929 (1,134,523) 142,397,568 
Fidelity U.S. Bond Index Fund Class F 196,531,759 62,860,516 41,993,015 5,822,259 (668,358) 4,281,401 221,012,303 
 $558,953,099 $250,129,959 $255,781,111 $13,659,066 $11,867,030 $(978,730) $564,190,247 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $5) $5  
Other affiliated issuers (cost $473,598,662) 564,190,247  
Total Investment in Securities (cost $473,598,667)  $564,190,252 
Cash  24 
Receivable for investments sold  960,845 
Receivable for fund shares sold  422,093 
Receivable from investment adviser for expense reductions  17,623 
Total assets  565,590,837 
Liabilities   
Payable for investments purchased $1,234,770  
Payable for fund shares redeemed 148,044  
Transfer agent fees payable  56,417  
Total liabilities  1,439,231 
Net Assets  $564,151,606 
Net Assets consist of:   
Paid in capital  $472,391,642 
Total distributable earnings (loss)  91,759,964 
Net Assets  $564,151,606 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($254,371,020 ÷ 17,951,219 shares)  $14.17 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($309,780,586 ÷ 21,859,896 shares)  $14.17 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $12,475,481 
Income from Fidelity Central Funds  23 
Total income  12,475,504 
Expenses   
Transfer agent fees $673,197  
Independent trustees' fees and expenses 2,618  
Total expenses before reductions 675,815  
Expense reductions (205,819)  
Total expenses after reductions  469,996 
Net investment income (loss)  12,005,508 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 11,867,030  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,183,585  
Total net realized gain (loss)  13,050,615 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (978,730)  
Total change in net unrealized appreciation (depreciation)  (978,730) 
Net gain (loss)  12,071,885 
Net increase (decrease) in net assets resulting from operations  $24,077,393 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $12,005,508 $9,438,265 
Net realized gain (loss) 13,050,615 3,283,824 
Change in net unrealized appreciation (depreciation) (978,730) 19,510,988 
Net increase (decrease) in net assets resulting from operations 24,077,393 32,233,077 
Distributions to shareholders (25,813,763) – 
Distributions to shareholders from net investment income – (8,877,889) 
Distributions to shareholders from net realized gain – (4,895,182) 
Total distributions (25,813,763) (13,773,071) 
Share transactions - net increase (decrease) 6,980,109 49,007,232 
Total increase (decrease) in net assets 5,243,739 67,467,238 
Net Assets   
Beginning of period 558,907,867 491,440,629 
End of period $564,151,606 $558,907,867 
Other Information   
Undistributed net investment income end of period  $1,607,760 

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


Financial Highlights

Fidelity Freedom Index 2010 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.25 $13.72 $13.03 $13.36 $13.08 
Income from Investment Operations      
Net investment income (loss)A .30 .25 .23 .20 .23 
Net realized and unrealized gain (loss) .29 .65 .71 (.30) .46 
Total from investment operations .59 .90 .94 (.10) .69 
Distributions from net investment income (.30) (.24) (.22) (.23) (.35) 
Distributions from net realized gain (.37) (.14) (.02) B (.05) 
Total distributions (.67) (.37)C (.25)D (.23) (.41)E 
Net asset value, end of period $14.17 $14.25 $13.72 $13.03 $13.36 
Total ReturnF 4.43% 6.62% 7.24% (.72)% 5.36% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12% .12% .09% .08% .08% 
Expenses net of all reductions .12% .12% .09% .08% .08% 
Net investment income (loss) 2.13% 1.77% 1.70% 1.52% 1.72% 
Supplemental Data      
Net assets, end of period (000 omitted) $254,371 $239,660 $205,267 $232,187 $480,861 
Portfolio turnover rateH 45% 22% 36% 22% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.37 per share is comprised of distributions from net investment income of $.235 and distributions from net realized gain of $.137 per share.

 D 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.

 E 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.

 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.

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


Fidelity Freedom Index 2010 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.25 $13.73 $13.03 $13.43 
Income from Investment Operations     
Net investment income (loss)B .31 .26 .24 .27 
Net realized and unrealized gain (loss) .29 .64 .71 (.46) 
Total from investment operations .60 .90 .95 (.19) 
Distributions from net investment income (.31) (.24) (.23) (.21) 
Distributions from net realized gain (.37) (.14) (.02) C 
Total distributions (.68) (.38) (.25) (.21) 
Net asset value, end of period $14.17 $14.25 $13.73 $13.03 
Total ReturnD,E 4.49% 6.59% 7.39% (1.39)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .06% .07% .04% .02%H 
Expenses net of all reductions .06% .07% .04% .02%H 
Net investment income (loss) 2.19% 1.82% 1.75% 2.81%H 
Supplemental Data     
Net assets, end of period (000 omitted) $309,781 $319,248 $286,173 $215,392 
Portfolio turnover rateG 45% 22% 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 March 31, 2019

 % of fund's net assets 
Fidelity U.S. Bond Index Fund Class F 35.4 
Fidelity Total Market Index Fund Class F 31.7 
Fidelity Series Global ex U.S. Index Fund 13.5 
Fidelity Series Treasury Bill Index Fund 10.4 
Fidelity Series Inflation-Protected Bond Index Fund 5.9 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 31.7% 
   International Equity Funds 13.5% 
   Bond Funds 38.5% 
   Inflation-Protected Bond Funds 5.9% 
   Short-Term Funds 10.4% 


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

Fidelity Freedom® Index 2015 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 31.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $205,627,150) 5,191,249 417,999,393 
International Equity Funds - 13.5%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $155,370,946) 14,624,286 178,708,770 
Bond Funds - 38.5%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 4,544,597 40,310,575 
Fidelity U.S. Bond Index Fund Class F (a) 40,498,897 466,952,280 
TOTAL BOND FUNDS   
(Cost $503,869,168)  507,262,855 
Inflation-Protected Bond Funds - 5.9%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $79,122,685) 7,933,466 77,589,300 
Short-Term Funds - 10.4%   
Fidelity Cash Central Fund, 2.48% (b) 13 13 
Fidelity Series Treasury Bill Index Fund (a) 13,793,274 137,794,811 
TOTAL SHORT-TERM FUNDS   
(Cost $137,925,567)  137,794,824 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,081,915,516)  1,319,355,142 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (95,075) 
NET ASSETS - 100%  $1,319,260,067 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $37 
Total $37 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $13,941,549 $815,494 $14,465,739 $-- $370,610 $(661,914) $-- 
Fidelity Series Global ex U.S. Index Fund 181,915,405 44,518,228 35,507,423 4,520,754 (515,537) (11,701,903) 178,708,770 
Fidelity Series Government Money Market Fund 2.5% 159,390,236 13,574,275 172,964,511 1,192,251 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 41,930,197 43,818,028 8,653,438 1,324,878 (79,149) 573,662 77,589,300 
Fidelity Series Long-Term Treasury Bond Index Fund -- 44,414,381 5,962,036 743,467 (4,041) 1,862,271 40,310,575 
Fidelity Series Treasury Bill Index Fund -- 150,872,379 12,942,632 2,001,900 (4,192) (130,744) 137,794,811 
Fidelity Total Market Index Fund Class F 412,852,646 105,243,672 130,582,020 9,096,126 13,812,804 16,672,291 417,999,393 
Fidelity U.S. Bond Index Fund Class F 387,717,936 142,233,147 70,879,751 11,952,417 (1,520,786) 9,401,734 466,952,280 
 $1,197,747,969 $545,489,604 $451,957,550 $30,831,793 $12,059,709 $16,015,397 $1,319,355,129 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $13) $13  
Other affiliated issuers (cost $1,081,915,503) 1,319,355,129  
Total Investment in Securities (cost $1,081,915,516)  $1,319,355,142 
Cash  30 
Receivable for investments sold  2,039,226 
Receivable for fund shares sold  1,287,710 
Receivable from investment adviser for expense reductions  42,878 
Total assets  1,322,724,986 
Liabilities   
Payable for investments purchased $2,112,910  
Payable for fund shares redeemed 1,213,465  
Transfer agent fees payable  138,544  
Total liabilities  3,464,919 
Net Assets  $1,319,260,067 
Net Assets consist of:   
Paid in capital  $1,080,557,864 
Total distributable earnings (loss)  238,702,203 
Net Assets  $1,319,260,067 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($721,922,090 ÷ 47,840,758 shares)  $15.09 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($597,337,977 ÷ 39,602,326 shares)  $15.08 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $28,030,330 
Income from Fidelity Central Funds  37 
Total income  28,030,367 
Expenses   
Transfer agent fees $1,583,007  
Independent trustees' fees and expenses 5,845  
Total expenses before reductions 1,588,852  
Expense reductions (482,151)  
Total expenses after reductions  1,106,701 
Net investment income (loss)  26,923,666 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 12,059,709  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,801,463  
Total net realized gain (loss)  14,861,172 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 16,015,397  
Total change in net unrealized appreciation (depreciation)  16,015,397 
Net gain (loss)  30,876,569 
Net increase (decrease) in net assets resulting from operations  $57,800,235 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $26,923,666 $20,647,350 
Net realized gain (loss) 14,861,172 2,325,860 
Change in net unrealized appreciation (depreciation) 16,015,397 59,059,272 
Net increase (decrease) in net assets resulting from operations 57,800,235 82,032,482 
Distributions to shareholders (39,581,607) – 
Distributions to shareholders from net investment income – (19,558,222) 
Distributions to shareholders from net realized gain – (3,080,301) 
Total distributions (39,581,607) (22,638,523) 
Share transactions - net increase (decrease) 103,392,576 101,046,987 
Total increase (decrease) in net assets 121,611,204 160,440,946 
Net Assets   
Beginning of period 1,197,648,863 1,037,207,917 
End of period $1,319,260,067 $1,197,648,863 
Other Information   
Undistributed net investment income end of period  $2,842,220 

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


Financial Highlights

Fidelity Freedom Index 2015 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $14.92 $14.11 $13.22 $13.62 $13.31 
Income from Investment Operations      
Net investment income (loss)A .32 .27 .25 .23 .25 
Net realized and unrealized gain (loss) .33 .83 .89 (.38) .52 
Total from investment operations .65 1.10 1.14 (.15) .77 
Distributions from net investment income (.31) (.25) (.24) (.25) (.41) 
Distributions from net realized gain (.17) (.04) (.01) B (.05) 
Total distributions (.48) (.29) (.25) (.25) (.46) 
Net asset value, end of period $15.09 $14.92 $14.11 $13.22 $13.62 
Total ReturnC 4.55% 7.82% 8.71% (1.10)% 5.87% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12% .12% .10% .08% .08% 
Expenses net of all reductions .12% .12% .10% .08% .08% 
Net investment income (loss) 2.12% 1.81% 1.80% 1.70% 1.86% 
Supplemental Data      
Net assets, end of period (000 omitted) $721,922 $637,221 $516,456 $577,905 $910,801 
Portfolio turnover rateE 36% 17% 29% 22% 19% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount does not include the portfolio activity of any Underlying Funds.

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


Fidelity Freedom Index 2015 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.92 $14.10 $13.21 $13.72 
Income from Investment Operations     
Net investment income (loss)B .33 .27 .25 .28 
Net realized and unrealized gain (loss) .31 .85 .90 (.56) 
Total from investment operations .64 1.12 1.15 (.28) 
Distributions from net investment income (.32) (.26) (.25) (.23) 
Distributions from net realized gain (.17) (.04) (.01) C 
Total distributions (.48)D (.30) (.26) (.23) 
Net asset value, end of period $15.08 $14.92 $14.10 $13.21 
Total ReturnE,F 4.55% 7.94% 8.79% (2.03)% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .06% .07% .04% .02%I 
Expenses net of all reductions .06% .07% .04% .02%I 
Net investment income (loss) 2.18% 1.86% 1.85% 2.84%I 
Supplemental Data     
Net assets, end of period (000 omitted) $597,338 $560,428 $520,752 $330,221 
Portfolio turnover rateH 36% 17% 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 distributions of $.48 per share is comprised of distributions from net investment income of $.315 and distributions from net realized gain of $.169 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 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 37.1 
Fidelity U.S. Bond Index Fund Class F 32.2 
Fidelity Series Global ex U.S. Index Fund 15.8 
Fidelity Series Treasury Bill Index Fund 7.0 
Fidelity Series Inflation-Protected Bond Index Fund 4.8 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.1% 
   International Equity Funds 15.8% 
   Bond Funds 35.3% 
   Inflation-Protected Bond Funds 4.8% 
   Short-Term Funds 7.0% 


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

Fidelity Freedom® Index 2020 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 37.1%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $977,657,303) 20,758,224 1,671,452,164 
International Equity Funds - 15.8%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $642,616,130) 58,351,768 713,058,609 
Bond Funds - 35.3%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 15,553,048 137,955,533 
Fidelity U.S. Bond Index Fund Class F (a) 125,613,557 1,448,324,317 
TOTAL BOND FUNDS   
(Cost $1,578,649,495)  1,586,279,850 
Inflation-Protected Bond Funds - 4.8%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $216,745,731) 21,924,737 214,423,927 
Short-Term Funds - 7.0%   
Fidelity Cash Central Fund, 2.48% (b) 
Fidelity Series Treasury Bill Index Fund (a) 31,551,832 315,202,799 
TOTAL SHORT-TERM FUNDS   
(Cost $315,499,428)  315,202,800 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,731,168,087)  4,500,417,350 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (292,421) 
NET ASSETS - 100%  $4,500,124,929 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $160 
Total $160 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $47,482,685 $2,113,609 $48,633,352 $-- $1,293,723 $(2,256,665) $-- 
Fidelity Series Global ex U.S. Index Fund 678,623,098 158,901,926 78,193,338 17,582,157 (1,551,472) (44,721,605) 713,058,609 
Fidelity Series Government Money Market Fund 2.5% 366,497,885 25,183,237 391,681,122 2,706,667 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 106,069,446 124,631,238 17,605,812 3,599,790 (611,487) 1,940,542 214,423,927 
Fidelity Series Long-Term Treasury Bond Index Fund -- 148,610,064 16,986,041 2,480,809 (108,437) 6,439,947 137,955,533 
Fidelity Series Treasury Bill Index Fund -- 336,928,665 21,421,841 4,484,447 (7,398) (296,627) 315,202,799 
Fidelity Total Market Index Fund Class F 1,544,841,749 360,418,757 347,904,949 35,131,418 14,787,379 99,309,228 1,671,452,164 
Fidelity U.S. Bond Index Fund Class F 1,199,342,406 402,987,403 178,161,996 36,458,214 (4,965,119) 29,121,623 1,448,324,317 
 $3,942,857,269 $1,559,774,899 $1,100,588,451 $102,443,502 $8,837,189 $89,536,443 $4,500,417,349 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $1) $1  
Other affiliated issuers (cost $3,731,168,086) 4,500,417,349  
Total Investment in Securities (cost $3,731,168,087)  $4,500,417,350 
Cash  158 
Receivable for investments sold  3,066,213 
Receivable for fund shares sold  5,160,404 
Receivable from investment adviser for expense reductions  156,951 
Total assets  4,508,801,076 
Liabilities   
Payable for investments purchased $5,755,285  
Payable for fund shares redeemed 2,469,751  
Transfer agent fees payable 451,111  
Total liabilities  8,676,147 
Net Assets  $4,500,124,929 
Net Assets consist of:   
Paid in capital  $3,729,302,225 
Total distributable earnings (loss)  770,822,704 
Net Assets  $4,500,124,929 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,971,676,075 ÷ 123,122,640 shares)  $16.01 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,528,448,854 ÷ 157,931,248 shares)  $16.01 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $92,839,715 
Income from Fidelity Central Funds  160 
Total income  92,839,875 
Expenses   
Transfer agent fees $5,020,215  
Independent trustees' fees and expenses 19,329  
Total expenses before reductions 5,039,544  
Expense reductions (1,709,914)  
Total expenses after reductions  3,329,630 
Net investment income (loss)  89,510,245 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 8,837,189  
Capital gain distributions from underlying funds:   
Affiliated issuers 9,603,787  
Total net realized gain (loss)  18,440,976 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 89,536,443  
Total change in net unrealized appreciation (depreciation)  89,536,443 
Net gain (loss)  107,977,419 
Net increase (decrease) in net assets resulting from operations  $197,487,664 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $89,510,245 $69,254,977 
Net realized gain (loss) 18,440,976 6,838,412 
Change in net unrealized appreciation (depreciation) 89,536,443 219,825,684 
Net increase (decrease) in net assets resulting from operations 197,487,664 295,919,073 
Distributions to shareholders (98,529,776) – 
Distributions to shareholders from net investment income – (66,426,677) 
Distributions to shareholders from net realized gain – (5,015,590) 
Total distributions (98,529,776) (71,442,267) 
Share transactions - net increase (decrease) 458,613,878 428,000,426 
Total increase (decrease) in net assets 557,571,766 652,477,232 
Net Assets   
Beginning of period 3,942,553,163 3,290,075,931 
End of period $4,500,124,929 $3,942,553,163 
Other Information   
Undistributed net investment income end of period  $8,069,799 

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


Financial Highlights

Fidelity Freedom Index 2020 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.69 $14.70 $13.65 $14.10 $13.72 
Income from Investment Operations      
Net investment income (loss)A .33 .29 .27 .23 .26 
Net realized and unrealized gain (loss) .36 .99 1.04 (.42) .57 
Total from investment operations .69 1.28 1.31 (.19) .83 
Distributions from net investment income (.32) (.27) (.25) (.26) (.41) 
Distributions from net realized gain (.05) (.02) (.01) B (.04) 
Total distributions (.37) (.29) (.26) (.26) (.45) 
Net asset value, end of period $16.01 $15.69 $14.70 $13.65 $14.10 
Total ReturnC 4.59% 8.72% 9.68% (1.34)% 6.18% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.12% 1.86% 1.88% 1.69% 1.90% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,971,676 $1,638,441 $1,295,896 $1,410,489 $2,458,061 
Portfolio turnover rateE 26% 11% 20% 16% 16% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount does not include the portfolio activity of any Underlying Funds.

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


Fidelity Freedom Index 2020 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $15.69 $14.70 $13.65 $14.24 
Income from Investment Operations     
Net investment income (loss)B .34 .30 .27 .32 
Net realized and unrealized gain (loss) .36 .99 1.05 (.67) 
Total from investment operations .70 1.29 1.32 (.35) 
Distributions from net investment income (.33) (.28) (.26) (.24) 
Distributions from net realized gain (.05) (.02) (.01) C 
Total distributions (.38) (.30) (.27) (.24) 
Net asset value, end of period $16.01 $15.69 $14.70 $13.65 
Total ReturnD,E 4.65% 8.77% 9.75% (2.42)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .06% .07% .05% .02%H 
Expenses net of all reductions .06% .07% .05% .02%H 
Net investment income (loss) 2.18% 1.91% 1.93% 3.12%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,528,449 $2,304,112 $1,994,180 $1,249,900 
Portfolio turnover rateG 26% 11% 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 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 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 41.7 
Fidelity U.S. Bond Index Fund Class F 29.6 
Fidelity Series Global ex U.S. Index Fund 17.8 
Fidelity Series Inflation-Protected Bond Index Fund 4.0 
Fidelity Series Treasury Bill Index Fund 3.8 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 41.7% 
   International Equity Funds 17.8% 
   Bond Funds 32.7% 
   Inflation-Protected Bond Funds 4.0% 
   Short-Term Funds 3.8% 


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

Fidelity Freedom® Index 2025 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 41.7%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,353,770,613) 24,689,697 1,988,014,399 
International Equity Funds - 17.8%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $788,622,759) 69,371,964 847,725,401 
Bond Funds - 32.7%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 16,495,161 146,312,082 
Fidelity U.S. Bond Index Fund Class F (a) 122,392,377 1,411,184,110 
TOTAL BOND FUNDS   
(Cost $1,546,559,975)  1,557,496,192 
Inflation-Protected Bond Funds - 4.0%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $191,698,605) 19,564,056 191,336,468 
Short-Term Funds - 3.8%   
Fidelity Cash Central Fund, 2.48% (b) 24 24 
Fidelity Series Treasury Bill Index Fund (a) 17,892,808 178,749,152 
TOTAL SHORT-TERM FUNDS   
(Cost $178,912,140)  178,749,176 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,059,564,092)  4,763,321,636 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (316,797) 
NET ASSETS - 100%  $4,763,004,839 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $97 
Total $97 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $46,124,245 $3,949,789 $49,023,505 $-- $1,040,826 $(2,091,355) $-- 
Fidelity Series Global ex U.S. Index Fund 685,349,266 263,616,523 52,328,891 19,979,911 (2,204,514) (46,706,983) 847,725,401 
Fidelity Series Government Money Market Fund 2.5% 213,104,497 24,410,358 237,514,855 1,594,819 -- -- -- 
Fidelity Series Inflation-Protected Bond Index Fund 67,903,098 135,875,367 13,615,842 3,063,470 (577,386) 1,751,231 191,336,468 
Fidelity Series Long-Term Treasury Bond Index Fund -- 156,651,755 17,108,338 2,517,512 (103,667) 6,872,332 146,312,082 
Fidelity Series Treasury Bill Index Fund -- 187,039,820 8,124,577 2,410,728 (3,126) (162,965) 178,749,152 
Fidelity Total Market Index Fund Class F 1,561,728,775 579,267,466 278,190,635 39,309,532 1,297,584 123,911,209 1,988,014,399 
Fidelity U.S. Bond Index Fund Class F 1,043,505,486 490,175,659 146,993,414 33,668,795 (4,517,125) 29,013,504 1,411,184,110 
 $3,617,715,367 $1,840,986,737 $802,900,057 $102,544,767 $(5,067,408) $112,586,973 $4,763,321,612 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $24) $24  
Other affiliated issuers (cost $4,059,564,068) 4,763,321,612  
Total Investment in Securities (cost $4,059,564,092)  $4,763,321,636 
Cash  96 
Receivable for investments sold  811,520 
Receivable for fund shares sold  10,684,390 
Receivable from investment adviser for expense reductions  169,981 
Total assets  4,774,987,623 
Liabilities   
Payable for investments purchased $8,895,660  
Payable for fund shares redeemed 2,599,210  
Transfer agent fees payable 487,914  
Total liabilities  11,982,784 
Net Assets  $4,763,004,839 
Net Assets consist of:   
Paid in capital  $4,063,936,579 
Total distributable earnings (loss)  699,068,260 
Net Assets  $4,763,004,839 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,382,205,838 ÷ 139,739,321 shares)  $17.05 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,380,799,001 ÷ 139,630,525 shares)  $17.05 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $92,490,740 
Income from Fidelity Central Funds  97 
Total income  92,490,837 
Expenses   
Transfer agent fees $5,116,486  
Independent trustees' fees and expenses 18,867  
Total expenses before reductions 5,135,353  
Expense reductions (1,752,241)  
Total expenses after reductions  3,383,112 
Net investment income (loss)  89,107,725 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (5,067,408)  
Capital gain distributions from underlying funds:   
Affiliated issuers 10,054,027  
Total net realized gain (loss)  4,986,619 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 112,586,973  
Total change in net unrealized appreciation (depreciation)  112,586,973 
Net gain (loss)  117,573,592 
Net increase (decrease) in net assets resulting from operations  $206,681,317 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $89,107,725 $61,864,354 
Net realized gain (loss) 4,986,619 8,148,696 
Change in net unrealized appreciation (depreciation) 112,586,973 204,023,909 
Net increase (decrease) in net assets resulting from operations 206,681,317 274,036,959 
Distributions to shareholders (91,659,489) – 
Distributions to shareholders from net investment income – (59,481,033) 
Distributions to shareholders from net realized gain – (3,473,804) 
Total distributions (91,659,489) (62,954,837) 
Share transactions - net increase (decrease) 1,030,551,053 722,009,775 
Total increase (decrease) in net assets 1,145,572,881 933,091,897 
Net Assets   
Beginning of period 3,617,431,958 2,684,340,061 
End of period $4,763,004,839 $3,617,431,958 
Other Information   
Undistributed net investment income end of period  $6,368,015 

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


Financial Highlights

Fidelity Freedom Index 2025 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $16.67 $15.50 $14.27 $14.80 $14.36 
Income from Investment Operations      
Net investment income (loss)A .36 .31 .29 .27 .30 
Net realized and unrealized gain (loss) .38 1.17 1.22 (.52) .65 
Total from investment operations .74 1.48 1.51 (.25) .95 
Distributions from net investment income (.34) (.29) (.27) (.27) (.48)B 
Distributions from net realized gain (.03) (.02) (.01) C (.03)B 
Total distributions (.36)D (.31) (.28) (.28)E (.51) 
Net asset value, end of period $17.05 $16.67 $15.50 $14.27 $14.80 
Total ReturnF 4.64% 9.53% 10.67% (1.72)% 6.73% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.13% 1.91% 1.97% 1.84% 2.03% 
Supplemental Data      
Net assets, end of period (000 omitted) $2,382,206 $1,761,022 $1,227,802 $1,179,785 $1,723,943 
Portfolio turnover rateH 19% 9% 18% 17% 15% 

 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 $.36 per share is comprised of distributions from net investment income of $.027 and distributions from net realized gain of $.335 per share.

 E 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.

 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.

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


Fidelity Freedom Index 2025 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $16.67 $15.50 $14.27 $15.00 
Income from Investment Operations     
Net investment income (loss)B .37 .32 .30 .33 
Net realized and unrealized gain (loss) .38 1.17 1.22 (.79) 
Total from investment operations .75 1.49 1.52 (.46) 
Distributions from net investment income (.34) (.30) (.28) (.27) 
Distributions from net realized gain (.03) (.02) (.01) C 
Total distributions (.37) (.32) (.29) (.27) 
Net asset value, end of period $17.05 $16.67 $15.50 $14.27 
Total ReturnD,E 4.70% 9.58% 10.74% (3.07)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .05% .07% .05% .02%H 
Expenses net of all reductions .05% .07% .05% .02%H 
Net investment income (loss) 2.19% 1.96% 2.02% 3.08%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,380,799 $1,856,410 $1,456,538 $792,922 
Portfolio turnover rateG 19% 9% 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 March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 49.5 
Fidelity U.S. Bond Index Fund Class F 25.0 
Fidelity Series Global ex U.S. Index Fund 21.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Series Inflation-Protected Bond Index Fund 1.3 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 49.5% 
   International Equity Funds 21.1% 
   Bond Funds 28.1% 
   Inflation-Protected Bond Funds 1.3% 


Fidelity Freedom® Index 2030 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 49.5%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,942,713,412) 35,462,912 2,855,473,703 
International Equity Funds - 21.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,142,374,865) 99,859,589 1,220,284,176 
Bond Funds - 28.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 20,077,756 178,089,695 
Fidelity U.S. Bond Index Fund Class F (a) 125,179,411 1,443,318,609 
TOTAL BOND FUNDS   
(Cost $1,605,866,301)  1,621,408,304 
Inflation-Protected Bond Funds - 1.3%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $72,412,418) 7,489,868 73,250,907 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,763,366,996)  5,770,417,090 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (350,504) 
NET ASSETS - 100%  $5,770,066,586 

Legend

 (a) Affiliated Fund

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $156 
Total $156 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $59,460,652 $3,907,202 $62,061,527 $-- $1,392,663 $(2,698,990) $-- 
Fidelity Series Global ex U.S. Index Fund 1,016,892,451 349,219,073 72,008,373 29,213,228 (2,839,557) (70,979,418) 1,220,284,176 
Fidelity Series Inflation-Protected Bond Index Fund 47,485,726 60,993,525 36,225,849 690,416 (974,409) 1,971,914 73,250,907 
Fidelity Series Long-Term Treasury Bond Index Fund -- 190,589,087 20,725,170 3,062,294 (198,988) 8,424,766 178,089,695 
Fidelity Total Market Index Fund Class F 2,318,668,430 709,177,146 346,842,738 57,601,169 748,873 173,721,992 2,855,473,703 
Fidelity U.S. Bond Index Fund Class F 1,057,327,370 520,995,967 160,177,404 34,145,187 (5,626,202) 30,798,878 1,443,318,609 
 $4,499,834,629 $1,834,882,000 $698,041,061 $124,712,294 $(7,497,620) $141,239,142 $5,770,417,090 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $4,763,366,996) $5,770,417,090  
Total Investment in Securities (cost $4,763,366,996)  $5,770,417,090 
Cash  157 
Receivable for investments sold  5,488,571 
Receivable for fund shares sold  8,531,865 
Receivable from investment adviser for expense reductions  222,793 
Total assets  5,784,660,476 
Liabilities   
Payable for investments purchased $12,545,430  
Payable for fund shares redeemed 1,473,941  
Transfer agent fees payable 574,519  
Total liabilities  14,593,890 
Net Assets  $5,770,066,586 
Net Assets consist of:   
Paid in capital  $4,765,349,578 
Total distributable earnings (loss)  1,004,717,008 
Net Assets  $5,770,066,586 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,500,478,726 ÷ 138,963,209 shares)  $17.99 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,269,587,860 ÷ 181,690,804 shares)  $18.00 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $113,197,925 
Income from Fidelity Central Funds  156 
Total income  113,198,081 
Expenses   
Transfer agent fees $6,077,373  
Independent trustees' fees and expenses 23,077  
Total expenses before reductions 6,100,450  
Expense reductions (2,289,868)  
Total expenses after reductions  3,810,582 
Net investment income (loss)  109,387,499 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (7,497,620)  
Capital gain distributions from underlying funds:   
Affiliated issuers 11,514,369  
Total net realized gain (loss)  4,016,749 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 141,239,142  
Total change in net unrealized appreciation (depreciation)  141,239,142 
Net gain (loss)  145,255,891 
Net increase (decrease) in net assets resulting from operations  $254,643,390 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $109,387,499 $77,497,934 
Net realized gain (loss) 4,016,749 10,848,890 
Change in net unrealized appreciation (depreciation) 141,239,142 315,081,052 
Net increase (decrease) in net assets resulting from operations 254,643,390 403,427,876 
Distributions to shareholders (109,066,308) – 
Distributions to shareholders from net investment income – (75,072,440) 
Distributions to shareholders from net realized gain – (3,357,942) 
Total distributions (109,066,308) (78,430,382) 
Share transactions - net increase (decrease) 1,124,986,747 815,123,759 
Total increase (decrease) in net assets 1,270,563,829 1,140,121,253 
Net Assets   
Beginning of period 4,499,502,757 3,359,381,504 
End of period $5,770,066,586 $4,499,502,757 
Other Information   
Undistributed net investment income end of period  $5,848,579 

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


Financial Highlights

Fidelity Freedom Index 2030 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $17.57 $16.07 $14.49 $15.15 $14.62 
Income from Investment Operations      
Net investment income (loss)A .38 .33 .31 .26 .30 
Net realized and unrealized gain (loss) .41 1.50 1.57 (.63) .73 
Total from investment operations .79 1.83 1.88 (.37) 1.03 
Distributions from net investment income (.36) (.31) (.29) (.29) (.48) 
Distributions from net realized gain (.01) (.01) (.01) B (.02) 
Total distributions (.37) (.33)C (.30) (.29) (.50) 
Net asset value, end of period $17.99 $17.57 $16.07 $14.49 $15.15 
Total ReturnD 4.71% 11.35% 13.07% (2.44)% 7.16% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.14% 1.92% 2.03% 1.75% 1.99% 
Supplemental Data      
Net assets, end of period (000 omitted) $2,500,479 $1,856,566 $1,333,880 $1,315,200 $2,224,676 
Portfolio turnover rateF 14% 9% 13% 13% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.33 per share is comprised of distributions from net investment income of $.311 and distributions from net realized gain of $.014 per share.

 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.

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


Fidelity Freedom Index 2030 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $17.57 $16.07 $14.49 $15.44 
Income from Investment Operations     
Net investment income (loss)B .39 .34 .32 .38 
Net realized and unrealized gain (loss) .42 1.49 1.57 (1.04) 
Total from investment operations .81 1.83 1.89 (.66) 
Distributions from net investment income (.37) (.32) (.30) (.29) 
Distributions from net realized gain (.01) (.01) (.01) C 
Total distributions (.38) (.33) (.31) (.29) 
Net asset value, end of period $18.00 $17.57 $16.07 $14.49 
Total ReturnD,E 4.82% 11.39% 13.13% (4.28)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .05% .07% .05% .02%H 
Expenses net of all reductions .05% .07% .05% .02%H 
Net investment income (loss) 2.20% 1.97% 2.08% 3.54%H 
Supplemental Data     
Net assets, end of period (000 omitted) $3,269,588 $2,642,936 $2,025,502 $1,165,165 
Portfolio turnover rateG 14% 9% 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 March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 59.3 
Fidelity Series Global ex U.S. Index Fund 25.3 
Fidelity U.S. Bond Index Fund Class F 12.3 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 59.3% 
   International Equity Funds 25.3% 
   Bond Funds 15.4% 


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

Fidelity Freedom® Index 2035 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 59.3%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,745,565,207) 29,583,435 2,382,058,169 
International Equity Funds - 25.3%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $965,586,071) 83,298,670 1,017,909,745 
Bond Funds - 15.4%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 13,913,004 123,408,346 
Fidelity U.S. Bond Index Fund Class F (a) 42,936,289 495,055,418 
TOTAL BOND FUNDS   
(Cost $609,464,211)  618,463,764 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund, 2.48% (b)   
(Cost $3) 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,320,615,492)  4,018,431,681 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (257,036) 
NET ASSETS - 100%  $4,018,174,645 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $49 
Total $49 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $39,049,622 $3,503,344 $41,680,814 $-- $851,714 $(1,723,866) $-- 
Fidelity Series Global ex U.S. Index Fund 763,524,116 355,116,738 42,755,385 23,623,053 (4,710,660) (53,265,064) 1,017,909,745 
Fidelity Series Inflation-Protected Bond Index Fund 6,235,479 1,625,131 7,899,562 8,031 (44,589) 83,541 -- 
Fidelity Series Long-Term Treasury Bond Index Fund -- 135,528,201 17,837,795 2,082,070 (180,954) 5,898,894 123,408,346 
Fidelity Total Market Index Fund Class F 1,745,523,415 658,630,262 158,912,850 46,125,362 (2,236,234) 139,053,576 2,382,058,169 
Fidelity U.S. Bond Index Fund Class F 359,317,454 212,290,496 85,078,873 11,189,664 (1,959,897) 10,486,238 495,055,418 
 $2,913,650,086 $1,366,694,172 $354,165,279 $83,028,180 $(8,280,620) $100,533,319 $4,018,431,678 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $3) $3  
Other affiliated issuers (cost $3,320,615,489) 4,018,431,678  
Total Investment in Securities (cost $3,320,615,492)  $4,018,431,681 
Cash  50 
Receivable for investments sold  3,723,289 
Receivable for fund shares sold  7,695,864 
Receivable from investment adviser for expense reductions  152,762 
Total assets  4,030,003,646 
Liabilities   
Payable for investments purchased $10,128,249  
Payable for fund shares redeemed 1,290,179  
Transfer agent fees payable 410,573  
Total liabilities  11,829,001 
Net Assets  $4,018,174,645 
Net Assets consist of:   
Paid in capital  $3,325,685,711 
Total distributable earnings (loss)  692,488,934 
Net Assets  $4,018,174,645 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,003,135,388 ÷ 105,045,238 shares)  $19.07 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,015,039,257 ÷ 105,631,547 shares)  $19.08 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $74,188,706 
Income from Fidelity Central Funds  49 
Total income  74,188,755 
Expenses   
Transfer agent fees $4,202,054  
Independent trustees' fees and expenses 15,423  
Total expenses before reductions 4,217,477  
Expense reductions (1,528,339)  
Total expenses after reductions  2,689,138 
Net investment income (loss)  71,499,617 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (8,280,620)  
Capital gain distributions from underlying funds:   
Affiliated issuers 8,839,474  
Total net realized gain (loss)  558,854 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 100,533,319  
Total change in net unrealized appreciation (depreciation)  100,533,319 
Net gain (loss)  101,092,173 
Net increase (decrease) in net assets resulting from operations  $172,591,790 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $71,499,617 $48,018,384 
Net realized gain (loss) 558,854 7,779,322 
Change in net unrealized appreciation (depreciation) 100,533,319 230,704,670 
Net increase (decrease) in net assets resulting from operations 172,591,790 286,502,376 
Distributions to shareholders (71,688,773) – 
Distributions to shareholders from net investment income – (46,982,742) 
Distributions to shareholders from net realized gain – (2,454,277) 
Total distributions (71,688,773) (49,437,019) 
Share transactions - net increase (decrease) 1,003,843,494 609,809,287 
Total increase (decrease) in net assets 1,104,746,511 846,874,644 
Net Assets   
Beginning of period 2,913,428,134 2,066,553,490 
End of period $4,018,174,645 $2,913,428,134 
Other Information   
Undistributed net investment income end of period  $1,397,272 

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


Financial Highlights

Fidelity Freedom Index 2035 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $18.63 $16.79 $14.91 $15.67 $15.11 
Income from Investment Operations      
Net investment income (loss)A .39 .34 .32 .27 .31 
Net realized and unrealized gain (loss) .43 1.84 1.87 (.73) .77 
Total from investment operations .82 2.18 2.19 (.46) 1.08 
Distributions from net investment income (.37) (.32) (.30) (.30) (.51) 
Distributions from net realized gain (.01) (.02) (.01) B (.01) 
Total distributions (.38) (.34) (.31) (.30) (.52) 
Net asset value, end of period $19.07 $18.63 $16.79 $14.91 $15.67 
Total ReturnC 4.63% 12.96% 14.81% (2.93)% 7.25% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.08% 1.89% 2.02% 1.79% 2.02% 
Supplemental Data      
Net assets, end of period (000 omitted) $2,003,135 $1,390,826 $936,458 $880,845 $1,282,091 
Portfolio turnover rateE 10% 7% 13% 11% 13% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount does not include the portfolio activity of any Underlying Funds.

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


Fidelity Freedom Index 2035 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $18.64 $16.80 $14.92 $16.03 
Income from Investment Operations     
Net investment income (loss)B .40 .35 .33 .39 
Net realized and unrealized gain (loss) .43 1.84 1.87 (1.20) 
Total from investment operations .83 2.19 2.20 (.81) 
Distributions from net investment income (.38) (.33) (.31) (.30) 
Distributions from net realized gain (.01) (.02) (.01) C 
Total distributions (.39) (.35) (.32) (.30) 
Net asset value, end of period $19.08 $18.64 $16.80 $14.92 
Total ReturnD,E 4.69% 13.00% 14.87% (5.04)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .05% .07% .05% .01%H 
Expenses net of all reductions .05% .07% .05% .01%H 
Net investment income (loss) 2.14% 1.94% 2.07% 3.53%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,015,039 $1,522,603 $1,130,096 $581,231 
Portfolio turnover rateG 10% 7% 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 March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 63.0 
Fidelity Series Global ex U.S. Index Fund 26.9 
Fidelity U.S. Bond Index Fund Class F 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 63.0% 
   International Equity Funds 26.9% 
   Bond Funds 10.1% 


Fidelity Freedom® Index 2040 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 63.0%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,879,557,936) 32,361,032 2,605,710,296 
International Equity Funds - 26.9%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,053,308,620) 91,172,667 1,114,129,989 
Bond Funds - 10.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 14,169,068 125,679,631 
Fidelity U.S. Bond Index Fund Class F (a) 25,238,228 290,996,773 
TOTAL BOND FUNDS   
(Cost $409,653,540)  416,676,404 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,342,520,096)  4,136,516,689 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (249,250) 
NET ASSETS - 100%  $4,136,267,439 

Legend

 (a) Affiliated Fund

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $50 
Total $50 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $43,562,265 $2,375,024 $44,984,770 $-- $980,541 $(1,933,060) $-- 
Fidelity Series Global ex U.S. Index Fund 866,105,013 360,782,216 46,673,803 26,079,334 (5,746,474) (60,336,963) 1,114,129,989 
Fidelity Series Long-Term Treasury Bond Index Fund -- 139,946,872 20,179,574 2,180,970 (13,756) 5,926,089 125,679,631 
Fidelity Total Market Index Fund Class F 1,981,539,621 591,069,031 113,469,650 51,103,342 (1,951,235) 148,522,529 2,605,710,296 
Fidelity U.S. Bond Index Fund Class F 320,248,391 96,423,007 129,727,011 7,917,278 (4,125,893) 8,178,279 290,996,773 
 $3,211,455,290 $1,190,596,150 $355,034,808 $87,280,924 $(10,856,817) $100,356,874 $4,136,516,689 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $3,342,520,096) $4,136,516,689  
Total Investment in Securities (cost $3,342,520,096)  $4,136,516,689 
Cash  58 
Receivable for investments sold  2,736,968 
Receivable for fund shares sold  8,378,222 
Receivable from investment adviser for expense reductions  160,296 
Total assets  4,147,792,233 
Liabilities   
Payable for investments purchased $8,977,087  
Payable for fund shares redeemed 2,138,412  
Transfer agent fees payable  409,295  
Total liabilities  11,524,794 
Net Assets  $4,136,267,439 
Net Assets consist of:   
Paid in capital  $3,350,040,724 
Total distributable earnings (loss)  786,226,715 
Net Assets  $4,136,267,439 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,731,927,342 ÷ 90,247,339 shares)  $19.19 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,404,340,097 ÷ 125,313,138 shares)  $19.19 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $77,514,683 
Income from Fidelity Central Funds  50 
Total income  77,514,733 
Expenses   
Transfer agent fees $4,305,259  
Independent trustees' fees and expenses 16,416  
Total expenses before reductions 4,321,675  
Expense reductions (1,636,040)  
Total expenses after reductions  2,685,635 
Net investment income (loss)  74,829,098 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (10,856,817)  
Capital gain distributions from underlying funds:   
Affiliated issuers 9,766,241  
Total net realized gain (loss)  (1,090,576) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 100,356,874  
Total change in net unrealized appreciation (depreciation)  100,356,874 
Net gain (loss)  99,266,298 
Net increase (decrease) in net assets resulting from operations  $174,095,396 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $74,829,098 $53,073,570 
Net realized gain (loss) (1,090,576) 7,407,962 
Change in net unrealized appreciation (depreciation) 100,356,874 263,292,142 
Net increase (decrease) in net assets resulting from operations 174,095,396 323,773,674 
Distributions to shareholders (76,331,747) – 
Distributions to shareholders from net investment income – (52,237,907) 
Distributions to shareholders from net realized gain – (2,681,758) 
Total distributions (76,331,747) (54,919,665) 
Share transactions - net increase (decrease) 827,283,554 604,288,654 
Total increase (decrease) in net assets 925,047,203 873,142,663 
Net Assets   
Beginning of period 3,211,220,236 2,338,077,573 
End of period $4,136,267,439 $3,211,220,236 
Other Information   
Undistributed net investment income end of period  $1,209,633 

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


Financial Highlights

Fidelity Freedom Index 2040 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $18.77 $16.90 $15.00 $15.76 $15.18 
Income from Investment Operations      
Net investment income (loss)A .39 .34 .32 .26 .31 
Net realized and unrealized gain (loss) .42 1.87 1.90 (.72) .78 
Total from investment operations .81 2.21 2.22 (.46) 1.09 
Distributions from net investment income (.38) (.33) (.31) (.30) (.50) 
Distributions from net realized gain (.01) (.02) (.01) B B 
Total distributions (.39) (.34)C (.32) (.30) (.51)D 
Net asset value, end of period $19.19 $18.77 $16.90 $15.00 $15.76 
Total ReturnE 4.56% 13.08% 14.90% (2.91)% 7.27% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.06% 1.87% 2.02% 1.70% 1.99% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,731,927 $1,281,722 $900,067 $910,880 $1,511,298 
Portfolio turnover rateG 10% 6% 13% 9% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.34 per share is comprised of distributions from net investment income of $.327 and distributions from net realized gain of $.017 per share.

 D 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.

 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.

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


Fidelity Freedom Index 2040 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $18.77 $16.89 $15.00 $16.12 
Income from Investment Operations     
Net investment income (loss)B .40 .35 .33 .41 
Net realized and unrealized gain (loss) .42 1.88 1.89 (1.22) 
Total from investment operations .82 2.23 2.22 (.81) 
Distributions from net investment income (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.01) (.02) (.01) C 
Total distributions (.40) (.35)D (.33) (.31)E 
Net asset value, end of period $19.19 $18.77 $16.89 $15.00 
Total ReturnF,G 4.61% 13.20% 14.90% (5.06)% 
Ratios to Average Net AssetsH,I     
Expenses before reductions .10% .10% .09% .05%J 
Expenses net of fee waivers, if any .05% .07% .05% .01%J 
Expenses net of all reductions .05% .07% .05% .01%J 
Net investment income (loss) 2.12% 1.92% 2.07% 3.69%J 
Supplemental Data     
Net assets, end of period (000 omitted) $2,404,340 $1,929,498 $1,438,010 $830,093 
Portfolio turnover rateI 10% 6% 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 $.35 per share is comprised of distributions from net investment income of $.335 and distributions from net realized gain of $.017 per share.

 E Total distributions of $.31 per share is comprised of distributions from net investment income of $.309 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 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 63.0 
Fidelity Series Global ex U.S. Index Fund 26.9 
Fidelity U.S. Bond Index Fund Class F 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 63.0% 
   International Equity Funds 26.9% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2045 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 63.0%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,291,396,484) 21,046,471 1,694,661,859 
International Equity Funds - 26.9%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $691,248,202) 59,295,597 724,592,198 
Bond Funds - 10.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 9,214,918 81,736,319 
Fidelity U.S. Bond Index Fund Class F (a) 16,413,902 189,252,294 
TOTAL BOND FUNDS   
(Cost $266,469,583)  270,988,613 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund, 2.48% (b)   
(Cost $5) 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,249,114,274)  2,690,242,675 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (167,644) 
NET ASSETS - 100%  $2,690,075,031 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $11 
Total $11 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $26,255,219 $2,109,606 $27,762,394 $-- $538,574 $(1,141,005) $-- 
Fidelity Series Global ex U.S. Index Fund 521,952,944 273,693,459 30,993,160 16,414,384 (4,178,445) (35,882,600) 724,592,198 
Fidelity Series Long-Term Treasury Bond Index Fund -- 90,869,831 12,983,889 1,383,835 (30,659) 3,881,036 81,736,319 
Fidelity Total Market Index Fund Class F 1,194,165,689 486,305,313 80,134,015 31,992,381 (1,609,710) 95,934,582 1,694,661,859 
Fidelity U.S. Bond Index Fund Class F 192,994,166 73,601,867 80,094,733 4,963,429 (2,453,693) 5,204,687 189,252,294 
 $1,935,368,018 $926,580,076 $231,968,191 $54,754,029 $(7,733,933) $67,996,700 $2,690,242,670 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $5) $5  
Other affiliated issuers (cost $2,249,114,269) 2,690,242,670  
Total Investment in Securities (cost $2,249,114,274)  $2,690,242,675 
Cash  11 
Receivable for investments sold  1,711,736 
Receivable for fund shares sold  7,318,348 
Receivable from investment adviser for expense reductions  102,790 
Total assets  2,699,375,560 
Liabilities   
Payable for investments purchased $8,051,247  
Payable for fund shares redeemed 979,005  
Transfer agent fees payable  270,277  
Total liabilities  9,300,529 
Net Assets  $2,690,075,031 
Net Assets consist of:   
Paid in capital  $2,254,801,865 
Total distributable earnings (loss)  435,273,166 
Net Assets  $2,690,075,031 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,244,020,080 ÷ 64,368,535 shares)  $19.33 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,446,054,951 ÷ 74,803,961 shares)  $19.33 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $48,613,596 
Income from Fidelity Central Funds  11 
Total income  48,613,607 
Expenses   
Transfer agent fees $2,755,336  
Independent trustees' fees and expenses 10,220  
Total expenses before reductions 2,765,556  
Expense reductions (1,019,940)  
Total expenses after reductions  1,745,616 
Net investment income (loss)  46,867,991 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (7,733,933)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,140,433  
Total net realized gain (loss)  (1,593,500) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 67,996,700  
Total change in net unrealized appreciation (depreciation)  67,996,700 
Net gain (loss)  66,403,200 
Net increase (decrease) in net assets resulting from operations  $113,271,191 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $46,867,991 $31,416,724 
Net realized gain (loss) (1,593,500) 4,978,956 
Change in net unrealized appreciation (depreciation) 67,996,700 152,405,983 
Net increase (decrease) in net assets resulting from operations 113,271,191 188,801,663 
Distributions to shareholders (48,855,589) – 
Distributions to shareholders from net investment income – (31,021,585) 
Distributions to shareholders from net realized gain – (2,702,847) 
Total distributions (48,855,589) (33,724,432) 
Share transactions - net increase (decrease) 690,437,422 452,606,471 
Total increase (decrease) in net assets 754,853,024 607,683,702 
Net Assets   
Beginning of period 1,935,222,007 1,327,538,305 
End of period $2,690,075,031 $1,935,222,007 
Other Information   
Undistributed net investment income end of period  $771,366 

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


Financial Highlights

Fidelity Freedom Index 2045 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $18.91 $17.04 $15.13 $15.89 $15.32 
Income from Investment Operations      
Net investment income (loss)A .39 .35 .33 .28 .32 
Net realized and unrealized gain (loss) .43 1.88 1.90 (.74) .77 
Total from investment operations .82 2.23 2.23 (.46) 1.09 
Distributions from net investment income (.38) (.33) (.31) (.30) (.51) 
Distributions from net realized gain (.02) (.03) (.01) B (.01) 
Total distributions (.40) (.36) (.32) (.30) (.52) 
Net asset value, end of period $19.33 $18.91 $17.04 $15.13 $15.89 
Total ReturnC 4.58% 13.08% 14.87% (2.88)% 7.22% 
Ratios to Average Net AssetsD,E      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.06% 1.89% 2.04% 1.79% 2.04% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,244,020 $872,779 $583,893 $542,581 $750,330 
Portfolio turnover rateE 10% 6% 15% 8% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 E Amount does not include the portfolio activity of any Underlying Funds.

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


Fidelity Freedom Index 2045 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $18.92 $17.04 $15.13 $16.26 
Income from Investment Operations     
Net investment income (loss)B .40 .36 .34 .40 
Net realized and unrealized gain (loss) .42 1.89 1.90 (1.22) 
Total from investment operations .82 2.25 2.24 (.82) 
Distributions from net investment income (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.02) (.03) (.01) C 
Total distributions (.41) (.37) (.33) (.31)D 
Net asset value, end of period $19.33 $18.92 $17.04 $15.13 
Total ReturnE,F 4.58% 13.20% 14.94% (5.08)% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .05% .07% .05% .01%I 
Expenses net of all reductions .05% .07% .05% .01%I 
Net investment income (loss) 2.11% 1.94% 2.09% 3.56%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,446,055 $1,062,443 $743,645 $386,977 
Portfolio turnover rateH 10% 6% 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 March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 63.0 
Fidelity Series Global ex U.S. Index Fund 26.9 
Fidelity U.S. Bond Index Fund Class F 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Cash Central Fund, 2.48% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 63.0% 
   International Equity Funds 26.9% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2050 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 63.0%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $1,159,846,625) 18,981,344 1,528,377,784 
International Equity Funds - 26.9%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $622,446,068) 53,477,415 653,494,014 
Bond Funds - 10.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 8,310,660 73,715,553 
Fidelity U.S. Bond Index Fund Class F (a) 14,803,244 170,681,400 
TOTAL BOND FUNDS   
(Cost $240,716,537)  244,396,953 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund, 2.48% (b)   
(Cost $5) 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,023,009,235)  2,426,268,756 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (147,168) 
NET ASSETS - 100%  $2,426,121,588 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $13 
Total $13 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $24,471,106 $1,837,036 $25,765,641 $-- $519,266 $(1,061,767) $-- 
Fidelity Series Global ex U.S. Index Fund 486,461,725 242,348,146 38,166,652 14,911,347 (3,814,638) (33,334,567) 653,494,014 
Fidelity Series Long-Term Treasury Bond Index Fund -- 82,436,887 12,176,091 1,256,220 (39,887) 3,494,644 73,715,553 
Fidelity Total Market Index Fund Class F 1,112,966,999 417,309,043 86,337,130 29,154,638 (1,609,398) 86,048,270 1,528,377,784 
Fidelity U.S. Bond Index Fund Class F 179,870,698 64,878,210 76,482,523 4,523,238 (2,171,804) 4,586,819 170,681,400 
 $1,803,770,528 $808,809,322 $238,928,037 $49,845,443 $(7,116,461) $59,733,399 $2,426,268,751 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $5) $5  
Other affiliated issuers (cost $2,023,009,230) 2,426,268,751  
Total Investment in Securities (cost $2,023,009,235)  $2,426,268,756 
Cash  13 
Receivable for investments sold  1,522,642 
Receivable for fund shares sold  7,761,134 
Receivable from investment adviser for expense reductions  93,145 
Total assets  2,435,645,690 
Liabilities   
Payable for investments purchased $7,956,714  
Payable for fund shares redeemed 1,327,216  
Transfer agent fees payable  240,172  
Total liabilities  9,524,102 
Net Assets  $2,426,121,588 
Net Assets consist of:   
Paid in capital  $2,030,127,869 
Total distributable earnings (loss)  395,993,719 
Net Assets  $2,426,121,588 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,049,434,405 ÷ 54,060,681 shares)  $19.41 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,376,687,183 ÷ 70,926,393 shares)  $19.41 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $44,260,720 
Income from Fidelity Central Funds  13 
Total income  44,260,733 
Expenses   
Transfer agent fees $2,475,331  
Independent trustees' fees and expenses 9,347  
Total expenses before reductions 2,484,678  
Expense reductions (934,266)  
Total expenses after reductions  1,550,412 
Net investment income (loss)  42,710,321 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (7,116,461)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,584,723  
Total net realized gain (loss)  (1,531,738) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 59,733,399  
Total change in net unrealized appreciation (depreciation)  59,733,399 
Net gain (loss)  58,201,661 
Net increase (decrease) in net assets resulting from operations  $100,911,982 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $42,710,321 $29,220,103 
Net realized gain (loss) (1,531,738) 5,119,528 
Change in net unrealized appreciation (depreciation) 59,733,399 140,888,470 
Net increase (decrease) in net assets resulting from operations 100,911,982 175,228,101 
Distributions to shareholders (44,851,696) – 
Distributions to shareholders from net investment income – (28,745,530) 
Distributions to shareholders from net realized gain – (4,868,444) 
Total distributions (44,851,696) (33,613,974) 
Share transactions - net increase (decrease) 566,423,597 425,700,354 
Total increase (decrease) in net assets 622,483,883 567,314,481 
Net Assets   
Beginning of period 1,803,637,705 1,236,323,224 
End of period $2,426,121,588 $1,803,637,705 
Other Information   
Undistributed net investment income end of period  $760,359 

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


Financial Highlights

Fidelity Freedom Index 2050 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $19.00 $17.14 $15.24 $16.01 $15.42 
Income from Investment Operations      
Net investment income (loss)A .39 .35 .33 .28 .32 
Net realized and unrealized gain (loss) .42 1.90 1.91 (.74) .78 
Total from investment operations .81 2.25 2.24 (.46) 1.10 
Distributions from net investment income (.38) (.33) (.33) (.30) (.50) 
Distributions from net realized gain (.02) (.06) (.01) B (.01) 
Total distributions (.40) (.39) (.34) (.31)C (.51) 
Net asset value, end of period $19.41 $19.00 $17.14 $15.24 $16.01 
Total ReturnD 4.53% 13.15% 14.82% (2.92)% 7.25% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.06% 1.89% 2.06% 1.80% 2.02% 
Supplemental Data      
Net assets, end of period (000 omitted) $1,049,434 $739,919 $513,543 $486,444 $729,639 
Portfolio turnover rateF 12% 6% 19% 7% 10% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C 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.

 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.

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


Fidelity Freedom Index 2050 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $19.00 $17.14 $15.24 $16.37 
Income from Investment Operations     
Net investment income (loss)B .40 .36 .34 .38 
Net realized and unrealized gain (loss) .42 1.90 1.91 (1.20) 
Total from investment operations .82 2.26 2.25 (.82) 
Distributions from net investment income (.39) (.34) (.34) (.30) 
Distributions from net realized gain (.02) (.06) (.01) C 
Total distributions (.41) (.40) (.35) (.31)D 
Net asset value, end of period $19.41 $19.00 $17.14 $15.24 
Total ReturnE,F 4.59% 13.20% 14.88% (5.04)% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .05% .07% .05% .01%I 
Expenses net of all reductions .05% .07% .05% .01%I 
Net investment income (loss) 2.11% 1.94% 2.11% 3.40%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,376,687 $1,063,718 $722,781 $434,989 
Portfolio turnover rateH 12% 6% 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 $.31 per share is comprised of distributions from net investment income of $.304 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 2055 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 63.0 
Fidelity Series Global ex U.S. Index Fund 26.9 
Fidelity U.S. Bond Index Fund Class F 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 63.0% 
   International Equity Funds 26.9% 
   Bond Funds 10.1% 


Fidelity Freedom® Index 2055 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 63.0%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $537,906,839) 8,032,302 646,760,920 
International Equity Funds - 26.9%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $267,166,216) 22,629,994 276,538,524 
Bond Funds - 10.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 3,516,737 31,193,457 
Fidelity U.S. Bond Index Fund Class F (a) 6,264,183 72,226,028 
TOTAL BOND FUNDS   
(Cost $101,559,070)  103,419,485 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $906,632,125)  1,026,718,929 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (65,369) 
NET ASSETS - 100%  $1,026,653,560 

Legend

 (a) Affiliated Fund

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $8,795,629 $1,150,518 $9,727,525 $-- $145,158 $(363,780) $-- 
Fidelity Series Global ex U.S. Index Fund 174,792,866 127,580,110 12,287,053 5,955,811 (1,738,162) (11,809,237) 276,538,524 
Fidelity Series Long-Term Treasury Bond Index Fund -- 34,762,615 5,042,859 506,312 (24,847) 1,498,548 31,193,457 
Fidelity Total Market Index Fund Class F 399,908,097 247,494,139 35,250,361 11,498,775 (1,051,763) 35,660,808 646,760,920 
Fidelity U.S. Bond Index Fund Class F 64,628,593 35,270,166 28,788,108 1,777,184 (665,282) 1,780,659 72,226,028 
 $648,125,185 $446,257,548 $91,095,906 $19,738,082 $(3,334,896) $26,766,998 $1,026,718,929 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $906,632,125) $1,026,718,929  
Total Investment in Securities (cost $906,632,125)  $1,026,718,929 
Cash  
Receivable for investments sold  616,118 
Receivable for fund shares sold  4,357,012 
Receivable from investment adviser for expense reductions  38,562 
Total assets  1,031,730,622 
Liabilities   
Payable for investments purchased $4,312,731  
Payable for fund shares redeemed 660,449  
Transfer agent fees payable  103,882  
Total liabilities  5,077,062 
Net Assets  $1,026,653,560 
Net Assets consist of:   
Paid in capital  $909,112,774 
Total distributable earnings (loss)  117,540,786 
Net Assets  $1,026,653,560 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($510,460,044 ÷ 33,297,866 shares)  $15.33 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($516,193,516 ÷ 33,645,938 shares)  $15.34 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $17,514,092 
Expenses   
Transfer agent fees $998,277  
Independent trustees' fees and expenses 3,616  
Total expenses before reductions 1,001,893  
Expense reductions (365,573)  
Total expenses after reductions  636,320 
Net investment income (loss)  16,877,772 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (3,334,896)  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,223,990  
Total net realized gain (loss)  (1,110,906) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 26,766,998  
Total change in net unrealized appreciation (depreciation)  26,766,998 
Net gain (loss)  25,656,092 
Net increase (decrease) in net assets resulting from operations  $42,533,864 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $16,877,772 $10,044,680 
Net realized gain (loss) (1,110,906) 2,291,231 
Change in net unrealized appreciation (depreciation) 26,766,998 46,016,533 
Net increase (decrease) in net assets resulting from operations 42,533,864 58,352,444 
Distributions to shareholders (18,251,363) – 
Distributions to shareholders from net investment income – (9,831,029) 
Distributions to shareholders from net realized gain – (1,192,955) 
Total distributions (18,251,363) (11,023,984) 
Share transactions - net increase (decrease) 354,294,793 208,298,327 
Total increase (decrease) in net assets 378,577,294 255,626,787 
Net Assets   
Beginning of period 648,076,266 392,449,479 
End of period $1,026,653,560 $648,076,266 
Other Information   
Undistributed net investment income end of period  $218,367 

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


Financial Highlights

Fidelity Freedom Index 2055 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 
Selected Per–Share Data      
Net asset value, beginning of period $15.01 $13.53 $12.06 $12.71 $12.07 
Income from Investment Operations      
Net investment income (loss)A .31 .28 .28 .25 .26 
Net realized and unrealized gain (loss) .34 1.49 1.50 (.63) .62 
Total from investment operations .65 1.77 1.78 (.38) .88 
Distributions from net investment income (.30) (.26) (.29) (.24)B (.24) 
Distributions from net realized gain (.03) (.04) (.02) (.01)B – 
Tax return of capital – – – (.02) – 
Total distributions (.33) (.29)C (.31) (.27) (.24) 
Net asset value, end of period $15.33 $15.01 $13.53 $12.06 $12.71 
Total ReturnD 4.57% 13.09% 14.90% (2.96)% 7.27% 
Ratios to Average Net AssetsE,F      
Expenses before reductions .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .11% .12% .10% .08% .08% 
Expenses net of all reductions .11% .12% .10% .08% .08% 
Net investment income (loss) 2.06% 1.90% 2.18% 2.03% 2.10% 
Supplemental Data      
Net assets, end of period (000 omitted) $510,460 $305,192 $181,697 $150,332 $183,117 
Portfolio turnover rateF 11% 6% 33% 7% 8% 

 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 $.29 per share is comprised of distributions from net investment income of $.255 and distributions from net realized gain of $.036 per share.

 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.

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


Fidelity Freedom Index 2055 Fund Institutional Premium Class

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $15.02 $13.54 $12.06 $13.00 
Income from Investment Operations     
Net investment income (loss)B .32 .29 .28 .23 
Net realized and unrealized gain (loss) .34 1.49 1.51 (.89) 
Total from investment operations .66 1.78 1.79 (.66) 
Distributions from net investment income (.30) (.26) (.29) (.25)C 
Distributions from net realized gain (.03) (.04) (.02) (.01)C 
Tax return of capital – – – (.02) 
Total distributions (.34)D (.30) (.31) (.28) 
Net asset value, end of period $15.34 $15.02 $13.54 $12.06 
Total ReturnE,F 4.61% 13.13% 14.98% (5.11)% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .05% .07% .05% .01%I 
Expenses net of all reductions .05% .07% .05% .01%I 
Net investment income (loss) 2.12% 1.95% 2.23% 2.63%I 
Supplemental Data     
Net assets, end of period (000 omitted) $516,194 $342,884 $210,752 $135,214 
Portfolio turnover rateH 11% 6% 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 The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.

 D Total distributions of $.34 per share is comprised of distributions from net investment income of $.302 and distributions from net realized gain of $.033 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 2060 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Total Market Index Fund Class F 63.0 
Fidelity Series Global ex U.S. Index Fund 26.9 
Fidelity U.S. Bond Index Fund Class F 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 63.0% 
   International Equity Funds 26.9% 
   Bond Funds 10.1% 


Fidelity Freedom® Index 2060 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 63.0%   
 Shares Value 
Fidelity Total Market Index Fund Class F (a)   
(Cost $168,940,963) 2,335,945 188,090,302 
International Equity Funds - 26.9%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $79,000,857) 6,581,249 80,422,864 
Bond Funds - 10.1%   
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,022,692 9,071,274 
Fidelity U.S. Bond Index Fund Class F (a) 1,821,685 21,004,026 
TOTAL BOND FUNDS   
(Cost $29,457,152)  30,075,300 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $277,398,972)  298,588,466 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (19,397) 
NET ASSETS - 100%  $298,569,069 

Legend

 (a) Affiliated Fund

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,116,181 $477,917 $2,536,314 $-- $18,526 $(76,310) $-- 
Fidelity Series Global ex U.S. Index Fund 42,014,997 47,598,282 5,715,104 1,665,252 (778,544) (2,696,767) 80,422,864 
Fidelity Series Long-Term Treasury Bond Index Fund -- 10,224,731 1,591,410 139,541 (8,611) 446,564 9,071,274 
Fidelity Total Market Index Fund Class F 96,127,986 97,138,953 13,885,571 3,159,676 (600,012) 9,308,946 188,090,302 
Fidelity U.S. Bond Index Fund Class F 15,533,738 13,407,205 8,287,235 472,063 (147,235) 497,553 21,004,026 
 $155,792,902 $168,847,088 $32,015,634 $5,436,532 $(1,515,876) $7,479,986 $298,588,466 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $277,398,972) $298,588,466  
Total Investment in Securities (cost $277,398,972)  $298,588,466 
Cash  
Receivable for investments sold  168,687 
Receivable for fund shares sold  1,537,118 
Receivable from investment adviser for expense reductions  10,915 
Total assets  300,305,187 
Liabilities   
Payable for investments purchased $1,617,022  
Payable for fund shares redeemed 88,804  
Transfer agent fees payable  30,292  
Total liabilities  1,736,118 
Net Assets  $298,569,069 
Net Assets consist of:   
Paid in capital  $278,584,844 
Total distributable earnings (loss)  19,984,225 
Net Assets  $298,569,069 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($160,476,912 ÷ 12,848,063 shares)  $12.49 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($138,092,157 ÷ 11,049,519 shares)  $12.50 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $4,817,097 
Expenses   
Transfer agent fees $271,590  
Independent trustees' fees and expenses 945  
Total expenses before reductions 272,535  
Expense reductions (97,011)  
Total expenses after reductions  175,524 
Net investment income (loss)  4,641,573 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (1,515,876)  
Capital gain distributions from underlying funds:   
Affiliated issuers 619,435  
Total net realized gain (loss)  (896,441) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 7,479,986  
Total change in net unrealized appreciation (depreciation)  7,479,986 
Net gain (loss)  6,583,545 
Net increase (decrease) in net assets resulting from operations  $11,225,118 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 Year ended March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,641,573 $2,139,283 
Net realized gain (loss) (896,441) 506,757 
Change in net unrealized appreciation (depreciation) 7,479,986 8,422,450 
Net increase (decrease) in net assets resulting from operations 11,225,118 11,068,490 
Distributions to shareholders (4,993,298) – 
Distributions to shareholders from net investment income – (2,099,984) 
Distributions to shareholders from net realized gain – (422,478) 
Total distributions (4,993,298) (2,522,462) 
Share transactions - net increase (decrease) 136,556,276 80,743,596 
Total increase (decrease) in net assets 142,788,096 89,289,624 
Net Assets   
Beginning of period 155,780,973 66,491,349 
End of period $298,569,069 $155,780,973 
Other Information   
Undistributed net investment income end of period  $50,902 

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


Financial Highlights

Fidelity Freedom Index 2060 Fund Investor Class

Years ended March 31, 2019 2018 2017 2016 2015 A 
Selected Per–Share Data      
Net asset value, beginning of period $12.23 $11.04 $9.85 $10.33 $10.00 
Income from Investment Operations      
Net investment income (loss)B .26 .24 .25 .25 .09 
Net realized and unrealized gain (loss) .27 1.21 1.19 (.55) .40 
Total from investment operations .53 1.45 1.44 (.30) .49 
Distributions from net investment income (.24) (.20) (.22) (.18) (.16) 
Distributions from net realized gain (.03) (.06) (.03) C C 
Total distributions (.27) (.26) (.25) (.18) (.16) 
Net asset value, end of period $12.49 $12.23 $11.04 $9.85 $10.33 
Total ReturnD,E 4.54% 13.17% 14.80% (2.94)% 4.90% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .15% .15% .15% .15% .15%H 
Expenses net of fee waivers, if any .11% .12% .11% .08% .09%H 
Expenses net of all reductions .11% .12% .11% .08% .09%H 
Net investment income (loss) 2.13% 1.97% 2.41% 2.57% 1.35%H 
Supplemental Data      
Net assets, end of period (000 omitted) $160,477 $82,123 $38,013 $16,979 $3,660 
Portfolio turnover rateG 15% 7% 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

Years ended March 31, 2019 2018 2017 2016 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.23 $11.05 $9.85 $10.56 
Income from Investment Operations     
Net investment income (loss)B .27 .24 .26 .13 
Net realized and unrealized gain (loss) .27 1.21 1.19 (.66) 
Total from investment operations .54 1.45 1.45 (.53) 
Distributions from net investment income (.24) (.21) (.22) (.18) 
Distributions from net realized gain (.03) (.06) (.03) C 
Total distributions (.27) (.27) (.25) (.18) 
Net asset value, end of period $12.50 $12.23 $11.05 $9.85 
Total ReturnD,E 4.66% 13.12% 14.93% (5.05)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .05% .07% .06% .01%H 
Expenses net of all reductions .05% .07% .06% .01%H 
Net investment income (loss) 2.19% 2.02% 2.47% 1.80%H 
Supplemental Data     
Net assets, end of period (000 omitted) $138,092 $73,658 $28,478 $9,543 
Portfolio turnover rateG 15% 7% 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 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.


Notes to Financial Statements

For the period ended March 31, 2019

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. Investments in Fidelity Central Funds.

The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. 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. As of March 31, 2019, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. 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 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 and losses deferred due to wash sales.

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 $328,157,191 $27,578,306 $(2,361,862) $25,216,444 
Fidelity Freedom Index 2005 Fund 117,790,885 13,747,919 (697,192) 13,050,727 
Fidelity Freedom Index 2010 Fund 475,427,210 91,268,255 (2,505,213) 88,763,042 
Fidelity Freedom Index 2015 Fund 1,087,019,008 238,295,576 (5,959,442) 232,336,134 
Fidelity Freedom Index 2020 Fund 3,745,936,743 774,608,075 (20,127,468) 754,480,607 
Fidelity Freedom Index 2025 Fund 4,081,134,156 708,337,592 (26,150,112) 682,187,480 
Fidelity Freedom Index 2030 Fund 4,783,615,305 1,012,341,921 (25,540,136) 986,801,785 
Fidelity Freedom Index 2035 Fund 3,337,089,196 703,013,987 (21,671,502) 681,342,485 
Fidelity Freedom Index 2040 Fund 3,358,766,514 799,943,896 (22,193,721) 777,750,175 
Fidelity Freedom Index 2045 Fund 2,260,500,113 445,929,800 (16,187,238) 429,742,562 
Fidelity Freedom Index 2050 Fund 2,035,015,564 406,052,364 (14,799,172) 391,253,192 
Fidelity Freedom Index 2055 Fund 911,421,164 122,770,532 (7,472,767) 115,297,765 
Fidelity Freedom Index 2060 Fund 279,271,478 22,383,548 (3,066,560) 19,316,988 

The tax-based components of distributable earnings as of period end were as follows for each Fund:

 Undistributed ordinary income Undistributed long-term capital gain Net unrealized appreciation (depreciation) on securities and other investments 
Fidelity Freedom Index Income Fund $692,709 $138,081 $25,216,444 
Fidelity Freedom Index 2005 Fund 577,883 72,137 13,050,727 
Fidelity Freedom Index 2010 Fund 2,946,100 50,824 88,763,042 
Fidelity Freedom Index 2015 Fund 5,785,572 580,497 232,336,134 
Fidelity Freedom Index 2020 Fund 14,652,867 1,689,229 754,480,607 
Fidelity Freedom Index 2025 Fund 12,059,439 4,821,343 682,190,480 
Fidelity Freedom Index 2030 Fund 11,203,029 6,712,194 986,801,785 
Fidelity Freedom Index 2035 Fund 4,557,828 6,588,621 681,342,485 
Fidelity Freedom Index 2040 Fund 3,537,072 4,939,470 777,750,175 
Fidelity Freedom Index 2045 Fund 2,250,913 3,279,692 429,742,562 
Fidelity Freedom Index 2050 Fund 2,030,734 2,709,793 391,253,192 
Fidelity Freedom Index 2055 Fund 790,418 1,452,603 115,297,765 
Fidelity Freedom Index 2060 Fund 216,454 450,782 19,316,988 

The tax character of distributions paid was as follows:

March 31, 2019    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Freedom Index Income Fund $7,541,272 $2,047,247 $9,588,519 
Fidelity Freedom Index 2005 Fund 2,547,247 1,062,102 3,609,349 
Fidelity Freedom Index 2010 Fund 12,477,743 13,336,020 25,813,763 
Fidelity Freedom Index 2015 Fund 27,521,935 12,059,672 39,581,607 
Fidelity Freedom Index 2020 Fund 91,695,043 6,834,734 98,529,777 
Fidelity Freedom Index 2025 Fund 90,147,932 1,511,557 91,659,489 
Fidelity Freedom Index 2030 Fund 108,481,070 585,238 109,066,308 
Fidelity Freedom Index 2035 Fund 70,562,163 1,126,610 71,688,773 
Fidelity Freedom Index 2040 Fund 74,410,280 1,921,467 76,331,747 
Fidelity Freedom Index 2045 Fund 46,624,232 2,231,357 48,855,589 
Fidelity Freedom Index 2050 Fund 42,530,297 2,321,399 44,851,696 
Fidelity Freedom Index 2055 Fund 16,743,275 1,508,088 18,251,363 
Fidelity Freedom Index 2060 Fund 4,599,275 394,023 4,993,298 

March 31, 2018    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Freedom Index Income Fund $5,050,685 $515,181 $5,565,866 
Fidelity Freedom Index 2005 Fund 1,855,707 282,835 2,138,542 
Fidelity Freedom Index 2010 Fund 9,944,923 3,828,148 13,773,071 
Fidelity Freedom Index 2015 Fund 21,105,181 1,533,342 22,638,523 
Fidelity Freedom Index 2020 Fund 71,442,267 – 71,442,267 
Fidelity Freedom Index 2025 Fund 62,954,837 – 62,954,837 
Fidelity Freedom Index 2030 Fund 78,430,382 – 78,430,382 
Fidelity Freedom Index 2035 Fund 49,437,019 – 49,437,019 
Fidelity Freedom Index 2040 Fund 54,919,665 – 54,919,665 
Fidelity Freedom Index 2045 Fund 32,605,887 1,118,545 33,724,432 
Fidelity Freedom Index 2050 Fund 30,214,079 3,399,895 33,613,974 
Fidelity Freedom Index 2055 Fund 10,659,719 364,265 11,023,984 
Fidelity Freedom Index 2060 Fund 2,290,162 232,300 2,522,462 

New Rule Issuance. During August 2018, the U.S. Securities and Exchange Commission issued Final Rule Release No. 33-10532, Disclosure Update and Simplification. This Final Rule includes amendments specific to registered investment companies that are intended to eliminate overlap in disclosure requirements between Regulation S-X and GAAP. In accordance with these amendments, certain line-items in the Funds' financial statements have been combined or removed for the current period as outlined in the table below.

Financial Statement Current Line-Item Presentation (As Applicable) Prior Line-Item Presentation (As Applicable) 
Statement of Assets and Liabilities Total distributable earnings (loss) Undistributed/Distributions in excess of/Accumulated net investment income (loss)
Accumulated/Undistributed net realized gain (loss)
Net unrealized appreciation (depreciation) 
Statement of Changes in Net Assets N/A - removed Undistributed/Distributions in excess of/Accumulated net investment income (loss) end of period 
Statement of Changes in Net Assets Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 
Distributions to Shareholders Note to Financial Statements Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Freedom Index Income Fund 221,497,511 164,683,360 
Fidelity Freedom Index 2005 Fund 76,064,288 60,928,179 
Fidelity Freedom Index 2010 Fund 250,129,959 255,781,111 
Fidelity Freedom Index 2015 Fund 545,489,604 451,957,550 
Fidelity Freedom Index 2020 Fund 1,559,774,899 1,100,588,451 
Fidelity Freedom Index 2025 Fund 1,840,986,737 802,900,057 
Fidelity Freedom Index 2030 Fund 1,834,882,000 698,041,061 
Fidelity Freedom Index 2035 Fund 1,366,694,172 354,165,279 
Fidelity Freedom Index 2040 Fund 1,190,596,150 355,034,808 
Fidelity Freedom Index 2045 Fund 926,580,076 231,968,191 
Fidelity Freedom Index 2050 Fund 808,809,322 238,928,037 
Fidelity Freedom Index 2055 Fund 446,257,548 91,095,906 
Fidelity Freedom Index 2060 Fund 168,847,088 32,015,634 

5. 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.

The Board of Trustees (Board) approved an amended and restated management contract for each Fund effective June 1, 2019. Under the management contract, Investor Class and Institutional Premium Class of each Fund will pay a monthly management fee at an annual rate of .12% and .08% of class-level average net assets, respectively. Under the management contract, each Fund's investment adviser will pay all ordinary operating expenses of the Fund, except fees and expenses of the independent Trustees and certain miscellaneous expenses such as interest, including commitment fees. In addition, the Board approved an expense contract for each class of each Fund effective June 1, 2019. Under the expense contract, total expenses, including acquired fund fees and expenses, will be limited to an annual rate of .12% and .08% of class-level average net assets for Investor Class and Institutional Premium Class, respectively, with certain exceptions.

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 $220,016 
Institutional Premium Class 174,825 
 $394,841 
Fidelity Freedom Index 2005 Fund  
Investor Class $91,158 
Institutional Premium Class 56,521 
 $147,679 
Fidelity Freedom Index 2010 Fund  
Investor Class $356,468 
Institutional Premium Class 316,729 
 $673,197 
Fidelity Freedom Index 2015 Fund  
Investor Class $993,066 
Institutional Premium Class 589,941 
 $1,583,007 
Fidelity Freedom Index 2020 Fund  
Investor Class $2,605,280 
Institutional Premium Class 2,414,935 
 $5,020,215 
Fidelity Freedom Index 2025 Fund  
Investor Class $2,971,761 
Institutional Premium Class 2,144,725 
 $5,116,486 
Fidelity Freedom Index 2030 Fund  
Investor Class $3,151,603 
Institutional Premium Class 2,925,770 
 $6,077,373 
Fidelity Freedom Index 2035 Fund  
Investor Class $2,439,346 
Institutional Premium Class 1,762,708 
 $4,202,054 
Fidelity Freedom Index 2040 Fund  
Investor Class $2,186,401 
Institutional Premium Class 2,118,858 
 $4,305,259 
Fidelity Freedom Index 2045 Fund  
Investor Class $1,524,519 
Institutional Premium Class 1,230,817 
 $2,755,336 
Fidelity Freedom Index 2050 Fund  
Investor Class $1,286,945 
Institutional Premium Class 1,188,386 
 $2,475,331 
Fidelity Freedom Index 2055 Fund  
Investor Class $571,043 
Institutional Premium Class 427,234 
 $998,277 
Fidelity Freedom Index 2060 Fund  
Investor Class $166,621 
Institutional Premium Class 104,969 
 $271,590 

Effective June 1, 2019, transfer agent fees will be paid by the investment adviser and not by the Funds.

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

6. Expense Reductions.

FMR contractually agreed to reimburse each class of each Fund to the extent annual operating expenses, including acquired fund fees and expenses, exceeded certain levels of class-level average net assets as noted in the table below. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement.

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

 Expense Limitations(a) Reimbursement 
Fidelity Freedom Index Income Fund   
Investor Class .14% $41,718 
Institutional Premium Class .08% 64,221 
Fidelity Freedom Index 2005 Fund   
Investor Class .14% $18,455 
Institutional Premium Class .08% 21,936 
Fidelity Freedom Index 2010 Fund   
Investor Class .14% $76,922 
Institutional Premium Class .08% 128,897 
Fidelity Freedom Index 2015 Fund   
Investor Class .14% $229,021 
Institutional Premium Class .08% 253,130 
Fidelity Freedom Index 2020 Fund   
Investor Class .14% $631,193 
Institutional Premium Class .08% 1,078,721 
Fidelity Freedom Index 2025 Fund   
Investor Class .14% $754,399 
Institutional Premium Class .08% 997,841 
Fidelity Freedom Index 2030 Fund   
Investor Class .14% $854,399 
Institutional Premium Class .08% 1,435,409 
Fidelity Freedom Index 2035 Fund   
Investor Class .14% $662,001 
Institutional Premium Class .08% 866,338 
Fidelity Freedom Index 2040 Fund   
Investor Class .14% $594,277 
Institutional Premium Class .08% 1,041,763 
Fidelity Freedom Index 2045 Fund   
Investor Class .14% $414,175 
Institutional Premium Class .08% 605,765 
Fidelity Freedom Index 2050 Fund   
Investor Class .14% $349,698 
Institutional Premium Class .08% 584,568 
Fidelity Freedom Index 2055 Fund   
Investor Class .14% $155,065 
Institutional Premium Class .08% 210,504 
Fidelity Freedom Index 2060 Fund   
Investor Class .14% $45,157 
Institutional Premium Class .08% 51,854 

 (a) Percentages represent expense limitations effective June 1, 2018. Prior to June 1, 2018, the expense limitations for each Fund were .15% and .10% for Investor Class and Institutional Premium Class, respectively.

Effective June 1, 2019, the expense limitations will be discontinued.

In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

 Custody expense reduction 
Fidelity Freedom Index 2025 Fund $1 
Fidelity Freedom Index 2030 Fund 60 
Fidelity Freedom Index 2055 Fund 

7. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Year ended
March 31, 2019 
Year ended
March 31, 2018 
Fidelity Freedom Index Income Fund   
Distributions to shareholders   
Investor Class $4,309,033 $– 
Investor Class 5,279,486 – 
Total $9,588,519 $– 
From net investment income   
Investor Class $– $2,060,275 
Institutional Premium Class – 2,513,304 
Total $– $4,573,579 
From net realized gain   
Investor Class $– $452,238 
Institutional Premium Class – 540,049 
Total $– $992,287 
Fidelity Freedom Index 2005 Fund   
Distributions to shareholders   
Investor Class $1,825,871 $– 
Institutional Premium Class 1,783,478 – 
Total $3,609,349 $– 
From net investment income   
Investor Class $– $858,233 
Institutional Premium Class – 799,727 
Total $– $1,657,960 
From net realized gain   
Investor Class $– $239,716 
Institutional Premium Class – 240,866 
Total $– $480,582 
Fidelity Freedom Index 2010 Fund   
Distributions to shareholders   
Investor Class $11,154,439 $– 
Institutional Premium Class 14,659,324 – 
Total $25,813,763 $– 
From net investment income   
Investor Class $– $3,926,080 
Institutional Premium Class – 4,951,809 
Total $– $8,877,889 
From net realized gain   
Investor Class $– $2,079,285 
Institutional Premium Class – 2,815,897 
Total $– $4,895,182 
Fidelity Freedom Index 2015 Fund   
Distributions to shareholders   
Investor Class $20,834,219 $– 
Institutional Premium Class 18,747,388 – 
Total $39,581,607 $– 
From net investment income   
Investor Class $– $10,274,814 
Institutional Premium Class – 9,283,408 
Total $– $19,558,222 
From net realized gain   
Investor Class $– $1,601,066 
Institutional Premium Class – 1,479,235 
Total $– $3,080,301 
Fidelity Freedom Index 2020 Fund   
Distributions to shareholders   
Investor Class $41,266,067 $– 
Institutional Premium Class 57,263,709 – 
Total $98,529,776 $– 
From net investment income   
Investor Class $– $27,914,520 
Institutional Premium Class – 38,512,157 
Total $– $66,426,677 
From net realized gain   
Investor Class $– $2,119,394 
Institutional Premium Class – 2,896,196 
Total $– $5,015,590 
Fidelity Freedom Index 2025 Fund   
Distributions to shareholders   
Investor Class $43,728,986 $– 
Institutional Premium Class 47,930,503 – 
Total $91,659,489 $– 
From net investment income   
Investor Class $– $28,811,409 
Institutional Premium Class – 30,669,624 
Total $– $59,481,033 
From net realized gain   
Investor Class $– $1,710,263 
Institutional Premium Class – 1,763,541 
Total $– $3,473,804 
Fidelity Freedom Index 2030 Fund   
Distributions to shareholders   
Investor Class $45,602,939 $– 
Institutional Premium Class 63,463,369 – 
Total $109,066,308 $– 
From net investment income   
Investor Class $– $31,367,417 
Institutional Premium Class – 43,705,023 
Total $– $75,072,440 
From net realized gain   
Investor Class $– $1,424,508 
Institutional Premium Class – 1,933,434 
Total $– $3,357,942 
Fidelity Freedom Index 2035 Fund   
Distributions to shareholders   
Investor Class $34,567,942 $– 
Institutional Premium Class 37,120,831 – 
Total $71,688,773 $– 
From net investment income   
Investor Class $– $22,129,663 
Institutional Premium Class – 24,853,079 
Total $– $46,982,742 
From net realized gain   
Investor Class $– $1,171,326 
Institutional Premium Class – 1,282,951 
Total $– $2,454,277 
Fidelity Freedom Index 2040 Fund   
Distributions to shareholders   
Investor Class $31,350,412 $– 
Institutional Premium Class 44,981,335 – 
Total $76,331,747 $– 
From net investment income   
Investor Class $– $20,714,478 
Institutional Premium Class – 31,523,429 
Total $– $52,237,907 
From net realized gain   
Investor Class $– $1,079,123 
Institutional Premium Class – 1,602,635 
Total $– $2,681,758 
Fidelity Freedom Index 2045 Fund   
Distributions to shareholders   
Investor Class $22,205,976 $– 
Institutional Premium Class 26,649,613 – 
Total $48,855,589 $– 
From net investment income   
Investor Class $– $13,778,964 
Institutional Premium Class – 17,242,621 
Total $– $31,021,585 
From net realized gain   
Investor Class $– $1,210,582 
Institutional Premium Class – 1,492,265 
Total $– $2,702,847 
Fidelity Freedom Index 2050 Fund   
Distributions to shareholders   
Investor Class $19,232,468 $– 
Institutional Premium Class 25,619,228 – 
Total $44,851,696 $– 
From net investment income   
Investor Class $– $11,874,898 
Institutional Premium Class – 16,870,632 
Total $– $28,745,530 
From net realized gain   
Investor Class $– $2,042,020 
Institutional Premium Class – 2,826,424 
Total $– $4,868,444 
Fidelity Freedom Index 2055 Fund   
Distributions to shareholders   
Investor Class $8,724,993 $– 
Institutional Premium Class 9,526,370 – 
Total $18,251,363 $– 
From net investment income   
Investor Class $– $4,545,026 
Institutional Premium Class – 5,286,003 
Total $– $9,831,029 
From net realized gain   
Investor Class $– $559,064 
Institutional Premium Class – 633,891 
Total $– $1,192,955 
Fidelity Freedom Index 2060 Fund   
Distributions to shareholders   
Investor Class $2,638,488 $– 
Institutional Premium Class 2,354,810 – 
Total $4,993,298 $– 
From net investment income   
Investor Class $– $1,127,154 
Institutional Premium Class – 972,830 
Total $– $2,099,984 
From net realized gain   
Investor Class $– $237,021 
Institutional Premium Class – 185,457 
Total $– $422,478 

8. 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 
 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 
Fidelity Freedom Index Income Fund     
Investor Class     
Shares sold 7,035,250 5,270,832 $82,758,749 $62,606,215 
Reinvestment of distributions 366,694 211,431 4,269,683 2,504,402 
Shares redeemed (4,086,293) (4,985,581) (48,160,938) (59,164,225) 
Net increase (decrease) 3,315,651 496,682 $38,867,494 $5,946,392 
Institutional Premium Class     
Shares sold 5,886,820 4,123,153 $69,374,216 $48,941,669 
Reinvestment of distributions 453,713 258,152 5,279,486 3,053,353 
Shares redeemed (4,643,305) (3,126,138) (54,808,561) (37,038,010) 
Net increase (decrease) 1,697,228 1,255,167 $19,845,141 $14,957,012 
Fidelity Freedom Index 2005 Fund     
Investor Class     
Shares sold 2,253,310 2,605,617 $29,947,370 $34,897,679 
Reinvestment of distributions 140,272 80,794 1,803,843 1,077,418 
Shares redeemed (1,953,826) (1,555,080) (26,057,217) (20,723,954) 
Net increase (decrease) 439,756 1,131,331 $5,693,996 $15,251,143 
Institutional Premium Class     
Shares sold 1,620,499 1,311,524 $21,540,891 $17,485,786 
Reinvestment of distributions 138,724 78,133 1,783,478 1,040,593 
Shares redeemed (983,108) (1,061,065) (13,085,027) (14,160,597) 
Net increase (decrease) 776,115 328,592 $10,239,342 $4,365,782 
Fidelity Freedom Index 2010 Fund     
Investor Class     
Shares sold 5,771,585 9,097,238 $81,505,254 $129,602,976 
Reinvestment of distributions 823,634 422,300 11,068,928 5,966,009 
Shares redeemed (5,457,456) (7,662,358) (77,073,023) (108,947,096) 
Net increase (decrease) 1,137,763 1,857,180 $15,501,159 $26,621,889 
Institutional Premium Class     
Shares sold 4,337,444 6,289,496 $61,124,398 $89,722,927 
Reinvestment of distributions 1,090,496 550,590 14,659,324 7,767,705 
Shares redeemed (5,965,314) (5,293,191) (84,304,772) (75,105,289) 
Net increase (decrease) (537,374) 1,546,895 $(8,521,050) $22,385,343 
Fidelity Freedom Index 2015 Fund     
Investor Class     
Shares sold 17,774,428 18,789,509 $264,687,745 $278,514,171 
Reinvestment of distributions 1,473,364 793,802 20,768,001 11,845,144 
Shares redeemed (14,106,234) (13,485,936) (210,347,643) (199,624,180) 
Net increase (decrease) 5,141,558 6,097,375 $75,108,103 $90,735,135 
Institutional Premium Class     
Shares sold 12,287,250 9,699,686 $182,433,555 $143,909,496 
Reinvestment of distributions 1,330,071 722,091 18,747,388 10,762,643 
Shares redeemed (11,585,083) (9,775,693) (172,896,470) (144,360,287) 
Net increase (decrease) 2,032,238 646,084 $28,284,473 $10,311,852 
Fidelity Freedom Index 2020 Fund     
Investor Class     
Shares sold 50,193,972 46,676,293 $787,934,660 $724,366,488 
Reinvestment of distributions 2,768,771 1,900,549 41,081,740 29,918,887 
Shares redeemed (34,254,076) (32,303,403) (536,638,542) (503,035,813) 
Net increase (decrease) 18,708,667 16,273,439 $292,377,858 $251,249,562 
Institutional Premium Class     
Shares sold 47,876,632 35,691,973 $749,518,480 $555,197,499 
Reinvestment of distributions 3,856,922 2,634,326 57,263,709 41,408,353 
Shares redeemed (40,690,617) (27,129,181) (640,546,169) (419,854,988) 
Net increase (decrease) 11,042,937 11,197,118 $166,236,020 $176,750,864 
Fidelity Freedom Index 2025 Fund     
Investor Class     
Shares sold 61,472,271 50,306,958 $1,025,488,901 $827,693,491 
Reinvestment of distributions 2,779,801 1,818,856 43,582,590 30,448,676 
Shares redeemed (30,179,744) (25,680,740) (503,791,920) (423,486,960) 
Net increase (decrease) 34,072,328 26,445,074 $565,279,571 $434,655,207 
Institutional Premium Class     
Shares sold 50,063,202 28,457,247 $833,661,681 $468,684,110 
Reinvestment of distributions 3,055,412 1,938,990 47,930,503 32,433,165 
Shares redeemed (24,864,319) (12,997,440) (416,320,702) (213,762,707) 
Net increase (decrease) 28,254,295 17,398,797 $465,271,482 $287,354,568 
Fidelity Freedom Index 2030 Fund     
Investor Class     
Shares sold 61,247,727 48,151,518 $1,075,752,581 $833,049,685 
Reinvestment of distributions 2,781,424 1,853,302 45,475,945 32,734,769 
Shares redeemed (30,759,454) (27,332,469) (535,990,755) (475,495,111) 
Net increase (decrease) 33,269,697 22,672,351 $585,237,771 $390,289,343 
Institutional Premium Class     
Shares sold 52,465,628 36,473,271 $920,277,350 $631,777,090 
Reinvestment of distributions 3,878,934 2,585,746 63,463,369 45,638,457 
Shares redeemed (25,113,110) (14,679,369) (443,991,743) (252,581,131) 
Net increase (decrease) 31,231,452 24,379,648 $539,748,976 $424,834,416 
Fidelity Freedom Index 2035 Fund     
Investor Class     
Shares sold 48,198,907 35,873,441 $898,339,757 $655,085,363 
Reinvestment of distributions 2,015,651 1,238,632 34,341,782 23,270,096 
Shares redeemed (19,821,822) (18,227,142) (368,557,433) (332,963,701) 
Net increase (decrease) 30,392,736 18,884,931 $564,124,106 $345,391,758 
Institutional Premium Class     
Shares sold 35,972,492 21,221,516 $669,708,444 $386,744,447 
Reinvestment of distributions 2,175,524 1,391,995 37,120,831 26,136,030 
Shares redeemed (14,215,858) (8,196,588) (267,109,887) (148,462,948) 
Net increase (decrease) 23,932,158 14,416,923 $439,719,388 $264,417,529 
Fidelity Freedom Index 2040 Fund     
Investor Class     
Shares sold 41,329,948 31,885,175 $774,688,756 $587,361,959 
Reinvestment of distributions 1,827,516 1,150,478 31,275,666 21,773,814 
Shares redeemed (21,182,507) (18,031,620) (393,490,190) (332,440,351) 
Net increase (decrease) 21,974,957 15,004,033 $412,474,232 $276,695,422 
Institutional Premium Class     
Shares sold 37,037,978 26,478,063 $694,294,350 $486,695,318 
Reinvestment of distributions 2,626,265 1,752,195 44,981,335 33,126,064 
Shares redeemed (17,159,339) (10,558,906) (324,466,363) (192,228,150) 
Net increase (decrease) 22,504,904 17,671,352 $414,809,322 $327,593,232 
Fidelity Freedom Index 2045 Fund     
Investor Class     
Shares sold 31,102,330 22,795,428 $587,084,685 $422,432,733 
Reinvestment of distributions 1,281,792 787,814 22,141,391 14,967,831 
Shares redeemed (14,162,066) (11,711,569) (266,043,441) (217,232,633) 
Net increase (decrease) 18,222,056 11,871,673 $343,182,635 $220,167,931 
Institutional Premium Class     
Shares sold 27,665,080 16,857,917 $521,974,540 $311,218,678 
Reinvestment of distributions 1,540,297 986,800 26,649,613 18,734,886 
Shares redeemed (10,564,473) (5,325,846) (201,369,366) (97,515,024) 
Net increase (decrease) 18,640,904 12,518,871 $347,254,787 $232,438,540 
Fidelity Freedom Index 2050 Fund     
Investor Class     
Shares sold 27,266,599 19,485,896 $515,705,720 $362,838,945 
Reinvestment of distributions 1,103,518 733,407 19,161,115 13,906,968 
Shares redeemed (13,249,805) (11,232,335) (247,155,684) (209,630,208) 
Net increase (decrease) 15,120,312 8,986,968 $287,711,151 $167,115,705 
Institutional Premium Class     
Shares sold 26,474,364 19,205,023 $502,180,707 $357,353,233 
Reinvestment of distributions 1,473,866 1,038,931 25,619,228 19,697,056 
Shares redeemed (13,013,944) (6,421,264) (249,087,489) (118,465,640) 
Net increase (decrease) 14,934,286 13,822,690 $278,712,446 $258,584,649 
Fidelity Freedom Index 2055 Fund     
Investor Class     
Shares sold 19,363,119 11,734,275 $289,383,068 $172,500,761 
Reinvestment of distributions 633,759 338,818 8,717,335 5,101,760 
Shares redeemed (7,026,163) (5,176,289) (104,209,605) (76,127,408) 
Net increase (decrease) 12,970,715 6,896,804 $193,890,798 $101,475,113 
Institutional Premium Class     
Shares sold 15,924,100 9,594,512 $238,583,757 $140,660,073 
Reinvestment of distributions 691,027 393,287 9,526,370 5,919,894 
Shares redeemed (5,791,641) (2,733,034) (87,706,132) (39,756,753) 
Net increase (decrease) 10,823,486 7,254,765 $160,403,995 $106,823,214 
Fidelity Freedom Index 2060 Fund     
Investor Class     
Shares sold 9,205,501 4,872,076 $112,467,080 $58,667,848 
Reinvestment of distributions 234,999 111,693 2,633,167 1,361,004 
Shares redeemed (3,307,359) (1,710,846) (39,824,298) (20,585,300) 
Net increase (decrease) 6,133,141 3,272,923 $75,275,949 $39,443,552 
Institutional Premium Class     
Shares sold 7,592,609 4,305,772 $92,988,816 $51,680,005 
Reinvestment of distributions 209,909 94,964 2,354,810 1,158,287 
Shares redeemed (2,773,756) (957,866) (34,063,299) (11,538,248) 
Net increase (decrease) 5,028,762 3,442,870 $61,280,327 $41,300,044 

9. 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 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 Series Global ex U.S. Index Fund 10% 12% 18% 15% 16% 
Fidelity Series Treasury Bill Index Fund 17% 38% 22%  -% -% -% 

Fund Fidelity Freedom Index 2045 Fund 
Fidelity Series Global ex U.S. Index Fund 10% 
Fidelity Series Treasury Bill Index Fund – 

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 Treasury Bill Index Fund  99% 
Fidelity Series Global ex U.S. Index Fund  100% 
Fidelity Total Market Index Fund  26% 

Subsequent to period end, the investment adviser reallocated investments of certain Funds. This involved a taxable redemption of certain Funds' interest in Fidelity Total Market Index Fund Class F and Fidelity U.S. Bond Index Fund Class F in-kind for investments, including accrued interest, and cash and a non-taxable exchange of those investments and cash for shares of Fidelity Series Total Market Index Fund and Fidelity Series Bond Index Fund. As a result of this redemption, the Funds' ownership of Fidelity Total Market Index Fund Class F and Fidelity U.S. Bond Index Fund Class F was reduced to 0%.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Aberdeen Street Trust and the Shareholders of 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:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statements of assets and liabilities of 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"), each a fund of Fidelity Aberdeen Street Trust, including the schedules of investments, as of March 31, 2019, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended for the Funds, except Fidelity Freedom Index 2060 Fund; the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the four years in the period then ended and for the period from August 5, 2014 to March 31, 2015 for the Fidelity Freedom Index 2060 Fund; and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2019, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended (or for the period mentioned above), in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of March 31, 2019, by correspondence with the custodians and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

May 17, 2019


We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance.  If the interests of a fund and an underlying Fidelity® fund were to diverge, a conflict of interest could arise and affect how the Trustees and Members of the Advisory Board fulfill their fiduciary duties to the affected funds.  FMRC has structured the funds to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, FMRC, the Trustees, and Members of the Advisory Board would take reasonable steps to minimize and, if possible, eliminate the conflict.  Each of the Trustees oversees 260 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

Each fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-835-5092 (plan accounts) or 1-800-544-8544 (all other accounts).

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-present) and Chairman and Director of FMR (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds. Ms. McAuliffe previously served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company). Earlier roles at FIL included Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo. Ms. McAuliffe also was the Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe is also a director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Previously, Ms. Acton served as a Member of the Advisory Board of certain Fidelity® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). She is the President of First to Four LLC (leadership and mentoring services, 2012-present). She also serves as a member of the Board of Directors and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor, and aerospace systems, 2013-present), Board of Directors and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and Board of Directors of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a Member of the Advisory Board of certain Fidelity® funds (2018), a member of the Board of Directors and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board of Directors, Chair of the Nomination and Governance Committee and member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Board of Directors of the Army Historical Foundation (2015-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present) and a member of the Board of Trustees of Florida Institute of Technology (2015-present) and ThanksUSA (military family education non-profit, 2014-present).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. He serves on the board of directors for Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-present) and K12 Inc. (technology-based education company, 2012-present). Previously, Mr. Engler served as interim president of Michigan State University (2018-2019), a Member of the Advisory Board of certain Fidelity® funds (2014-2016), president of the Business Roundtable (2011-2017), a trustee of The Munder Funds (2003-2014), president and CEO of the National Association of Manufacturers (2004-2011), member of the Board of Trustees of the Annie E. Casey Foundation (2004-2015), and as governor of Michigan (1991-2003). He is a past chairman of the National Governors Association.

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Mr. Gartland is Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007), and Chase Manhattan Bank (1975-1978).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity® funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation plc (diversified power management, 2009-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds and on the Board of Directors of IKON Office Solutions, Inc. (1999-2008), AGL Resources, Inc. (holding company, 2002-2016), and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity® funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company (pipeline and tanker operations). Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Santa Catalina Island Company (real estate, 2009-present). Ms. Knowles is a Member of the Investment Company Institute Board of Governors and a Member of the Governing Council of the Independent Directors Council (2014-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002). Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Mr. Murray is Vice Chairman (2013-present) of Meijer, Inc. (regional retail chain). Previously, Mr. Murray served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Chief Executive Officer (2013-2016) and President (2006-2013) of Meijer, Inc. Mr. Murray serves as a member of the Board of Directors and Nuclear Review and Public Policy and Responsibility Committees of DTE Energy Company (diversified energy company, 2009-present). Mr. Murray also serves as a member of the Board of Directors of Spectrum Health (not-for-profit health system, 2015-present). Mr. Murray previously served as President of Grand Valley State University (2001-2006), Treasurer for the State of Michigan (1999-2001), Vice President of Finance and Administration for Michigan State University (1998-1999), and a member of the Board of Directors and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray is also a director or trustee of many community and professional organizations.

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Elizabeth Paige Baumann (1968)

Year of Election or Appointment: 2017

Anti-Money Laundering (AML) Officer

Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2018

Secretary and Chief Legal Officer (CLO)

Mr. Coffey also serves as Secretary and CLO of other funds. Mr. Coffey serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-present); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-present). He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Assistant Secretary of certain funds (2009-2018) and as Vice President and Associate General Counsel of FMR LLC (2005-2009).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Adrien E. Deberghes (1967)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Deberghes also serves as an officer of other funds. He serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm, 2016-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as President and Treasurer of certain Fidelity® funds (2013-2018). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). Previously, Mr. Deberghes served in other fund officer roles.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Assistant Treasurer of certain Fidelity® funds (2016-2018). 

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight, serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

John B. McGinty, Jr. (1962)

Year of Election or Appointment: 2016

Chief Compliance Officer

Mr. McGinty also serves as Chief Compliance Officer of other funds. Mr. McGinty is Senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2016-present). Mr. McGinty previously served as Vice President, Senior Attorney at Eaton Vance Management (investment management firm, 2015-2016), and prior to Eaton Vance as global CCO for all firm operations and registered investment companies at GMO LLC (investment management firm, 2009-2015). Before joining GMO LLC, Mr. McGinty served as Senior Vice President, Deputy General Counsel for Fidelity Investments (2007-2009).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2015

Assistant Secretary

Mr. Pogorelec also serves as Assistant Secretary of other funds. Mr. Pogorelec serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2006-present).

Nancy D. Prior (1967)

Year of Election or Appointment: 2014

Vice President

Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President Fixed Income, High Income/Emerging Market Debt and Multi Asset Class Strategies of FIAM LLC (2018-present), President (2016-present) and Director (2014-present) of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm), President, Fixed Income (2014-present), and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Vice Chairman of FIAM LLC (investment adviser firm, 2014-2018), a Director of FMR Investment Management (UK) Limited (investment adviser firm, 2015-2018), President Multi-Asset Class Strategies of FMR's Global Asset Allocation Division (2017-2018), Vice President of Fidelity's Money Market Funds (2012-2014), President, Money Market and Short Duration Bond Group of Fidelity Management & Research (FMR) (investment adviser firm, 2013-2014), President, Money Market Group of FMR (2011-2013), Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of certain Fidelity® funds (2008-2009).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2018) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.

Marc L. Spector (1972)

Year of Election or Appointment: 2016

Deputy Treasurer

Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche (accounting firm, 2005-2013).

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).

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 (October 1, 2018 to March 31, 2019).

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
October 1, 2018 
Ending
Account Value
March 31, 2019 
Expenses Paid
During Period-B
October 1, 2018
to March 31, 2019 
Fidelity Freedom Index Income Fund     
Investor Class .12%    
Actual  $1,000.00 $1,026.30 $.61 
Hypothetical-C  $1,000.00 $1,024.33 $.61 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,026.00 $.30 
Hypothetical-C  $1,000.00 $1,024.63 $.30 
Fidelity Freedom Index 2005 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,021.70 $.60 
Hypothetical-C  $1,000.00 $1,024.33 $.61 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,021.40 $.30 
Hypothetical-C  $1,000.00 $1,024.63 $.30 
Fidelity Freedom Index 2010 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,017.40 $.60 
Hypothetical-C  $1,000.00 $1,024.33 $.61 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,017.10 $.30 
Hypothetical-C  $1,000.00 $1,024.63 $.30 
Fidelity Freedom Index 2015 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,012.50 $.60 
Hypothetical-C  $1,000.00 $1,024.33 $.61 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,012.90 $.30 
Hypothetical-C  $1,000.00 $1,024.63 $.30 
Fidelity Freedom Index 2020 Fund     
Investor Class .11%    
Actual  $1,000.00 $1,008.50 $.55 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $1,009.50 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2025 Fund     
Investor Class .11%    
Actual  $1,000.00 $1,005.40 $.55 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $1,005.90 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2030 Fund     
Investor Class .11%    
Actual  $1,000.00 $998.50 $.55 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $999.40 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2035 Fund     
Investor Class .11%    
Actual  $1,000.00 $989.00 $.55 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $989.40 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2040 Fund     
Investor Class .11%    
Actual  $1,000.00 $985.70 $.54 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $986.60 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2045 Fund     
Investor Class .11%    
Actual  $1,000.00 $986.30 $.54 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $986.20 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2050 Fund     
Investor Class .11%    
Actual  $1,000.00 $985.50 $.54 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $986.40 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2055 Fund     
Investor Class .11%    
Actual  $1,000.00 $985.90 $.54 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $986.30 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 
Fidelity Freedom Index 2060 Fund     
Investor Class .11%    
Actual  $1,000.00 $986.10 $.54 
Hypothetical-C  $1,000.00 $1,024.38 $.56 
Institutional Premium Class .05%    
Actual  $1,000.00 $986.40 $.25 
Hypothetical-C  $1,000.00 $1,024.68 $.25 

 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 182/ 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

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:

 Pay Date Record Date Dividends Capital Gains 
Fidelity Freedom Index Income Fund     
Investor Class 05/06/19 05/03/19 $0.021 $0.008 
Institutional Premium Class 05/06/19 05/03/19 $0.022 $0.008 
Fidelity Freedom Index 2005 Fund     
Investor Class 05/13/19 05/10/19 $0.055 $0.013 
Institutional Premium Class 05/13/19 05/10/19 $0.057 $0.013 
Fidelity Freedom Index 2010 Fund     
Investor Class 05/13/19 05/10/19 $0.048 $0.027 
Institutional Premium Class 05/13/19 05/10/19 $0.049 $0.027 
Fidelity Freedom Index 2015 Fund     
Investor Class 05/13/19 05/10/19 $0.046 $0.027 
Institutional Premium Class 05/13/19 05/10/19 $0.048 $0.027 
Fidelity Freedom Index 2020 Fund     
Investor Class 05/13/19 05/10/19 $0.041 $0.018 
Institutional Premium Class 05/13/19 05/10/19 $0.043 $0.018 
Fidelity Freedom Index 2025 Fund     
Investor Class 05/13/19 05/10/19 $0.036 $0.024 
Institutional Premium Class 05/13/19 05/10/19 $0.038 $0.024 
Fidelity Freedom Index 2030 Fund     
Investor Class 05/13/19 05/10/19 $0.028 $0.028 
Institutional Premium Class 05/13/19 05/10/19 $0.030 $0.028 
Fidelity Freedom Index 2035 Fund     
Investor Class 05/13/19 05/10/19 $0.013 $0.040 
Institutional Premium Class 05/13/19 05/10/19 $0.016 $0.040 
Fidelity Freedom Index 2040 Fund     
Investor Class 05/13/19 05/10/19 $0.006 $0.033 
Institutional Premium Class 05/13/19 05/10/19 $0.008 $0.033 
Fidelity Freedom Index 2045 Fund     
Investor Class 05/13/19 05/10/19 $0.006 $0.034 
Institutional Premium Class 05/13/19 05/10/19 $0.009 $0.034 
Fidelity Freedom Index 2050 Fund     
Investor Class 05/13/19 05/10/19 $0.006 $0.032 
Institutional Premium Class 05/13/19 05/10/19 $0.008 $0.032 
Fidelity Freedom Index 2055 Fund     
Investor Class 05/13/19 05/10/19 $0.004 $0.029 
Institutional Premium Class 05/13/19 05/10/19 $0.006 $0.029 
Fidelity Freedom Index 2060 Fund     
Investor Class 05/13/19 05/10/19 $0.003 $0.025 
Institutional Premium Class 05/13/19 05/10/19 $0.004 $0.025 

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2019, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Freedom Index Income Fund $ 2,185,327 
Fidelity Freedom Index 2005 Fund $ 1,134,239 
Fidelity Freedom Index 2010 Fund $ 11,275,532 
Fidelity Freedom Index 2015 Fund $ 12,640,169 
Fidelity Freedom Index 2020 Fund $ 8,523,963 
Fidelity Freedom Index 2025 Fund $ 6,332,899 
Fidelity Freedom Index 2030 Fund $ 7,297,432 
Fidelity Freedom Index 2035 Fund $ 7,681,935 
Fidelity Freedom Index 2040 Fund $ 4,939,470 
Fidelity Freedom Index 2045 Fund $ 3,279,692 
Fidelity Freedom Index 2050 Fund $ 2,741,834 
Fidelity Freedom Index 2055 Fund $ 1,465,366 
Fidelity Freedom Index 2060 Fund $ 453,995 

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax:

Fidelity Freedom Index Income Fund 43.92% 
Fidelity Freedom Index 2005 Fund 34.13% 
Fidelity Freedom Index 2010 Fund 30.04% 
Fidelity Freedom Index 2015 Fund 27.27% 
Fidelity Freedom Index 2020 Fund 21.62% 
Fidelity Freedom Index 2025 Fund 18.22% 
Fidelity Freedom Index 2030 Fund 11.71% 
Fidelity Freedom Index 2035 Fund 6.80% 
Fidelity Freedom Index 2040 Fund 5.38% 
Fidelity Freedom Index 2045 Fund 5.41% 
Fidelity Freedom Index 2050 Fund 5.40% 
Fidelity Freedom Index 2055 Fund 5.43% 
Fidelity Freedom Index 2060 Fund 5.32% 

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:

 Investor Class Institutional Premium Class 
Fidelity Freedom Index Income Fund   
April 2018  0%  0% 
May 2018 12% 12% 
June 2018 12% 12% 
July 2018 12% 12% 
August 2018 12% 12% 
September 2018 13% 12% 
October 2018 13% 12% 
November 2018 13% 12% 
December 2018 13% 12% 
February 2019  0%  0% 
March 2019  0%  0% 
Fidelity Freedom Index 2005 Fund   
May 2018 1% 1% 
December 2018 19% 18% 
Fidelity Freedom Index 2010 Fund   
May 2018 1% 1% 
December 2018 24% 23% 
Fidelity Freedom Index 2015 Fund   
May 2018 2% 2% 
December 2018 29% 28% 
Fidelity Freedom Index 2020 Fund   
May 2018 2% 2% 
December 2018 33% 32% 
Fidelity Freedom Index 2025 Fund   
May 2018 3% 3% 
December 2018 37% 36% 
Fidelity Freedom Index 2030 Fund   
May 2018 4% 4% 
December 2018 44% 43% 
Fidelity Freedom Index 2035 Fund   
May 2018 12% 9% 
December 2018 52% 51% 
Fidelity Freedom Index 2040 Fund   
May 2018 15% 12% 
December 2018 55% 54% 
Fidelity Freedom Index 2045 Fund   
May 2018 16% 12% 
December 2018 55% 54% 
Fidelity Freedom Index 2050 Fund   
May 2018 9% 7% 
December 2018 55% 54% 
Fidelity Freedom Index 2055 Fund   
May 2018 14% 10% 
December 2018 55% 54% 
Fidelity Freedom Index 2060 Fund   
May 2018 19% 16% 
December 2018 54% 54% 

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code:

 Investor Class Institutional Premium Class 
Fidelity Freedom Index Income Fund   
April 2018  0%  0% 
May 2018 19% 19% 
June 2018 20% 20% 
July 2018 20% 20% 
August 2018 20% 20% 
September 2018 20% 19% 
October 2018 21% 19% 
November 2018 21% 19% 
December 2018 20% 20% 
February 2019  0%  0% 
March 2019  0%  0% 
Fidelity Freedom Index 2005 Fund   
May 2018 2% 2% 
December 2018 38% 37% 
Fidelity Freedom Index 2010 Fund   
May 2018 2% 2% 
December 2018 44% 43% 
Fidelity Freedom Index 2015 Fund   
May 2018 3% 3% 
December 2018 50% 49% 
Fidelity Freedom Index 2020 Fund   
May 2018 3% 3% 
December 2018 55% 54% 
Fidelity Freedom Index 2025 Fund   
May 2018 5% 5% 
December 2018 60% 59% 
Fidelity Freedom Index 2030 Fund   
May 2018 7% 7% 
December 2018 70% 69% 
Fidelity Freedom Index 2035 Fund   
May 2018 19% 14% 
December 2018 84% 82% 
Fidelity Freedom Index 2040 Fund   
May 2018 25% 20% 
December 2018 87% 86% 
Fidelity Freedom Index 2045 Fund   
May 2018 26% 19% 
December 2018 88% 86% 
Fidelity Freedom Index 2050 Fund   
May 2018 15% 12% 
December 2018 87% 86% 
Fidelity Freedom Index 2055 Fund   
May 2018 23% 17% 
December 2018 87% 86% 
Fidelity Freedom Index 2060 Fund   
May 2018 31% 26% 
December 2018 88% 87% 

The funds will notify shareholders in January 2020 of amounts for use in preparing 2019 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index Funds

In January 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the amended and restated management contract (Amended Advisory Contract) between FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), and each fund to add a management fee payable by each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a range of information.

The Board noted that, under each fund's current management contract (Current Advisory Contract), the funds do not pay a management fee to FMRC. Instead, the Board noted, each fund currently indirectly incurs a portion of the management fee and other expenses of each underlying fund in which each fund invests (Underlying Funds) and that such expenses are currently reflected in each fund's expense ratio as acquired fund fees and expenses. The Board considered that, under each fund's Amended Advisory Contract, each class of each fund will pay a monthly management fee to FMRC at an annual rate for the class.

The Board considered that the increase in each fund's management fee under the Amended Advisory Contract will result in the fund's management fee rate ranking equal to the median of the management fee rates of its competitor funds based on the competitive mapped group data provided to the Board in July 2018 in connection with the annual renewal of advisory contracts. However, the Board further considered that the increase in management fees will be offset by a decrease in each fund's acquired fund fees and expenses as a result of allocations to new Underlying Funds and fee reductions for certain existing Underlying Funds under amended management contracts, sub-advisory agreements, transfer agent agreements, and pricing and bookkeeping agreements (collectively, the Amended Underlying Fund Arrangements). The Board noted that, once the Amended Underlying Fund Arrangements take effect, the Underlying Funds will no longer pay any operating expenses, except 12b-1 fees, interest and taxes, independent trustee expenses, custodian fees, expenses related to proxy solicitations and extraordinary expenses (such as litigation expenses), and thus the funds' acquired fund fees and expenses will be significantly reduced. The Board also noted that each class's management fee under the Amended Advisory Contract will be set at or below the existing "capped" total expense level provided by separate contractual arrangements and that, as a result, the total expenses incurred by shareholders of each class of each fund under the Amended Advisory Contract will be equal to or less than the total expenses that each class of each fund would have paid under the current pricing structure. The Board also noted that, once the Amended Underlying Fund Arrangements take effect, the funds' total expenses are expected to be more predictable because all the Underlying Funds will be priced similarly and, thus, the funds' investment decisions will not result in shifting expense levels.

The Board considered that the approval of each Amended Advisory Contract would not result in any changes in (i) the investment process or strategies employed in the management of each fund's assets; (ii) the nature, extent or quality of services provided to each fund; or (iii) the day-to-day management of each fund and the personnel primarily responsible for such management. The Board considered that, like the Current Advisory Contracts, the Amended Advisory Contracts provide that FMRC or an affiliate undertakes to pay all operating expenses of the funds, except 12b-1 fees, Independent Trustee expenses, interest, taxes, expenses related to proxy solicitation, and extraordinary expenses (such as litigation expenses).

In connection with its consideration of future renewals of each fund's management contract, the Board will consider, among other things,: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for each class of the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that each fund's management fee structure is fair and reasonable, and that each fund's Amended Advisory Contract should be approved.





Fidelity Investments

FRX-ANN-0519
1.899264.109




Fidelity Flex℠ Freedom Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060
















Annual Report

March 31, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Performance

Management's Discussion of Fund Performance

Fidelity Flex℠ Freedom Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex℠ Freedom 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions


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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom Income Fund 3.63% 3.75% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom Income Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,689Fidelity Flex℠ Freedom Income Fund

$10,406Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Flex℠ Freedom 2005 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2005 Fund 3.43% 4.27% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2005 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,787Fidelity Flex℠ Freedom 2005 Fund

$10,406Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Flex℠ Freedom 2010 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2010 Fund 3.40% 4.75% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2010 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,877Fidelity Flex℠ Freedom 2010 Fund

$10,406Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Flex℠ Freedom 2015 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2015 Fund 3.37% 5.23% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2015 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500® Index performed over the same period.


Period Ending Values

$10,967Fidelity Flex℠ Freedom 2015 Fund

$10,406Bloomberg Barclays U.S. Aggregate Bond Index

$12,068S&P 500® Index

Going forward, the fund’s performance will be compared to the Bloomberg Barclays U.S. Aggregate Bond Index, rather than the S&P 500® Index. The Bloomberg Barclays U.S. Aggregate Bond Index more closely represents the fund’s investment strategy, as fixed-income and short-term funds currently represent the majority of the fund’s assets.



Fidelity Flex℠ Freedom 2020 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2020 Fund 3.28% 5.52% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2020 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,022Fidelity Flex℠ Freedom 2020 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2025 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2025 Fund 3.28% 5.80% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2025 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,076Fidelity Flex℠ Freedom 2025 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2030 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2030 Fund 3.09% 6.45% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2030 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,199Fidelity Flex℠ Freedom 2030 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2035 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2035 Fund 2.75% 6.87% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2035 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,279Fidelity Flex℠ Freedom 2035 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2040 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2040 Fund 2.57% 6.83% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2040 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,271Fidelity Flex℠ Freedom 2040 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2045 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2045 Fund 2.55% 6.83% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2045 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,271Fidelity Flex℠ Freedom 2045 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2050 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2050 Fund 2.55% 6.82% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2050 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,269Fidelity Flex℠ Freedom 2050 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2055 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2055 Fund 2.56% 6.83% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2055 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,271Fidelity Flex℠ Freedom 2055 Fund

$12,068S&P 500® Index

Fidelity Flex℠ Freedom 2060 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended March 31, 2019 Past 1 year Life of FundA 
Fidelity Flex℠ Freedom 2060 Fund 2.55% 6.82% 

 A Fund commenced operations on June 8, 2017.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Flex℠ Freedom 2060 Fund on June 8, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$11,269Fidelity Flex℠ Freedom 2060 Fund

$12,068S&P 500® Index

Management's Discussion of Fund Performance

Market Recap:  The global economy remained in expansion for the 12 months ending March 31, 2019, but growth was less synchronous and uneven. Many major economies progressed toward more-advanced stages of the business cycle. Financial markets responded favorably to the U.S. Federal Reserve’s shift away from its monetary tightening bias in the first quarter of 2019. Most economic indicators remained tepid, although China displayed some initial signs of stabilizing activity, and stepped up the pace of fiscal and monetary stimulus in the first quarter. Against this backdrop, the MSCI World ex USA Index of non-U.S. equity markets returned -2.91% for the year. Much of the negative impact came in the volatile fourth quarter of 2018, when the index returned -13%, followed by a sharp rebound to begin 2019. Among regions in the index, stocks in resource-rich Canada gained 4%, benefiting from rising crude-oil prices early and late in the period, while Asia Pacific ex Japan (+4%) was aided by stabilizing returns in Hong Kong, which rose 8%. Conversely, stocks in Japan (-8%), emerging markets (0%) and Europe ex U.K. (-4%) lagged. Results at home were markedly better. The U.S. equity bellwether S&P 500® index rose 9.50%. Nine of 11 sectors in the S&P 500® had a positive return. Three defensive sectors stood out: real estate (+21%), utilities (+19%) and health care (+15%). Conversely, some economically sensitive sectors struggled, with financials (-5%) faring worst. The small-cap-oriented Russell 2000® Index gained 2.05% for the 12 months. Commodities also lagged, as evidenced by the -5.25% result of the Bloomberg Barclays Commodity Index Total Return. U.S. investment-grade bonds gained 4.48%, according to the Bloomberg Barclays U.S. Aggregate Bond Index, largely driven by surging returns for credit-sensitive sectors. U.S. corporate bonds increased 4.89%, according to the Bloomberg Barclays Credit Bond Index. Elsewhere, securitized sectors fared well, led by commercial mortgage-backed securities (+5.43%). Agency bonds and Treasury Inflation-Protected Securities (TIPS) lagged, as measured by the 3.73% return of the Bloomberg Barclays Agency Bond Index and the 2.70% advance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index (Series-L), respectively.

Comments from Co-Portfolio Managers Andrew Dierdorf and Brett Sumsion:  For the fiscal year ending March 31, 2019, shares of each Fidelity Flex Freedom® Fund posted a gain, ranging from 3.63% for Fidelity Flex Freedom Income Fund to 2.55% for Fidelity Flex Freedom 2060 Fund. Each Fund lagged its respective Composite index by roughly 1 to 2 percentage points. Both underlying investment performance and top-down active asset allocation were responsible for the Funds' underperformance of Composites. In terms of investment performance, returns among underlying U.S. equity funds detracted most. Most notable was an investment in Fidelity Series Intrinsic Opportunities Fund, which trailed its benchmark, the Russell 3000® Index, by nearly 10 percentage points the past year because the manager's value-oriented investment style was out of favor. To a lesser extent, the Funds' overall exposure to non-U.S. equities also hurt relative performance, as returns here lagged the -4.04% return of the MSCI All Country World ex U.S.A. Index, the Composites' benchmark for the asset class. Conversely, the performance of the Funds' underlying investment-grade bond investments added value versus Composites. From an active asset allocation perspective, non-Composite exposure to commodities held back the Funds' results most. Overweighting emerging-markets funds also detracted, as did underweighting U.S. equities – one of the better-performing asset classes. Intra-asset allocation decisions – investments made within the major asset classes (equities and fixed-income) – also had a negative influence on the Funds’ relative results. In particular, allocations within U.S. equities and non U.S.-equities proved disappointing the past year.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Notes to Shareholders:  At its May 2018 meeting, the Board of Trustees approved incremental updates to the glide path and strategic asset allocation of Fidelity Flex Freedom Funds, adding U.S. Treasury Inflation-Protected Securities and long-term U.S. Treasury bonds, and slightly reducing the equity and short-term debt allocations for shorter-dated Funds. These updates have been fully implemented. At its May 2019 meeting, the Board of Trustees approved adjusting the equity composition of the strategic asset allocation from 70%/30% to 60%/40% for U.S./non-U.S. equities.

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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 37.4 
Fidelity Series Government Money Market Fund 2.50% 17.8 
Fidelity Series Inflation-Protected Bond Index Fund 13.3 
Fidelity Series Long-Term Treasury Bond Index Fund 4.5 
Fidelity Series Short-Term Credit Fund 4.5 
Fidelity Series Emerging Markets Opportunities Fund 3.2 
Fidelity Series Commodity Strategy Fund 3.0 
Fidelity Series International Growth Fund 2.3 
Fidelity Series International Value Fund 2.3 
Fidelity Series Intrinsic Opportunities Fund 1.5 
 89.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 11.3% 
   International Equity Funds 9.0% 
   Bond Funds 57.4% 
   Short-Term Funds 22.3% 


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

Fidelity Flex℠ Freedom Income Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 11.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 37 $354 
Fidelity Series Blue Chip Growth Fund (a) 44 649 
Fidelity Series Commodity Strategy Fund (a) 669 3,191 
Fidelity Series Growth Company Fund (a) 77 1,298 
Fidelity Series Intrinsic Opportunities Fund (a) 97 1,595 
Fidelity Series Large Cap Stock Fund (a) 94 1,380 
Fidelity Series Large Cap Value Index Fund (a) 31 386 
Fidelity Series Opportunistic Insights Fund (a) 40 698 
Fidelity Series Small Cap Discovery Fund (a) 17 187 
Fidelity Series Small Cap Opportunities Fund (a) 43 573 
Fidelity Series Stock Selector Large Cap Value Fund (a) 89 1,051 
Fidelity Series Value Discovery Fund (a) 60 743 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,329)  12,105 
International Equity Funds - 9.0%   
Fidelity Series Canada Fund (a) 26 267 
Fidelity Series Emerging Markets Fund (a) 39 379 
Fidelity Series Emerging Markets Opportunities Fund (a) 185 3,431 
Fidelity Series International Growth Fund (a) 164 2,489 
Fidelity Series International Small Cap Fund (a) 38 597 
Fidelity Series International Value Fund (a) 266 2,473 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $9,919)  9,636 
Bond Funds - 57.4%   
Fidelity Series Emerging Markets Debt Fund (a) 78 750 
Fidelity Series Floating Rate High Income Fund (a) 17 161 
Fidelity Series High Income Fund (a) 86 805 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,455 14,228 
Fidelity Series International Credit Fund (a) 54 
Fidelity Series Investment Grade Bond Fund (a) 3,569 39,905 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 547 4,854 
Fidelity Series Real Estate Income Fund (a) 46 501 
TOTAL BOND FUNDS   
(Cost $61,475)  61,258 
Short-Term Funds - 22.3%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 19,073 19,073 
Fidelity Series Short-Term Credit Fund (a) 478 4,769 
TOTAL SHORT-TERM FUNDS   
(Cost $23,846)  23,842 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $107,569)  106,841 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2) 
NET ASSETS - 100%  $106,839 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $443 $-- $460 $-- $48 $(31) $-- 
Fidelity Series All-Sector Equity Fund 849 136 617 88 (21) 354 
Fidelity Series Blue Chip Growth Fund 878 195 483 88 42 17 649 
Fidelity Series Canada Fund 259 90 90 -- 267 
Fidelity Series Commodity Strategy Fund 2,193 1,599 349 133 (3) (249) 3,191 
Fidelity Series Emerging Markets Debt Fund 782 170 164 46 (14) (24) 750 
Fidelity Series Emerging Markets Fund -- 384 10 -- 379 
Fidelity Series Emerging Markets Opportunities Fund 3,179 1,636 931 276 (5) (448) 3,431 
Fidelity Series Floating Rate High Income Fund 250 26 108 16 (3) (4) 161 
Fidelity Series Government Money Market Fund 2.50% 23,960 3,597 8,484 438 -- -- 19,073 
Fidelity Series Growth Company Fund 1,755 418 908 145 89 (56) 1,298 
Fidelity Series High Income Fund 1,552 98 827 93 (23) 805 
Fidelity Series Inflation-Protected Bond Index Fund 3,913 10,286 37 247 (1) 67 14,228 
Fidelity Series International Credit Fund 38 16 -- -- -- 54 
Fidelity Series International Growth Fund 2,691 854 941 158 (1) (114) 2,489 
Fidelity Series International Small Cap Fund 668 223 200 52 (2) (92) 597 
Fidelity Series International Value Fund 2,640 674 544 86 (4) (293) 2,473 
Fidelity Series Intrinsic Opportunities Fund 2,156 309 751 130 60 (179) 1,595 
Fidelity Series Investment Grade Bond Fund 39,273 2,308 2,251 1,277 (42) 617 39,905 
Fidelity Series Large Cap Stock Fund 1,920 373 901 159 39 (51) 1,380 
Fidelity Series Large Cap Value Index Fund 550 71 248 18 12 386 
Fidelity Series Long-Term Treasury Bond Index Fund 2,147 3,453 942 108 (41) 237 4,854 
Fidelity Series Opportunistic Insights Fund 962 159 458 61 30 698 
Fidelity Series Real Estate Equity Fund 173 189 (9) 17 -- 
Fidelity Series Real Estate Income Fund 472 46 26 37 (1) 10 501 
Fidelity Series Short-Term Credit Fund 5,864 626 1,774 133 (21) 74 4,769 
Fidelity Series Small Cap Discovery Fund 262 51 110 28 (17) 187 
Fidelity Series Small Cap Opportunities Fund 799 155 376 68 13 (18) 573 
Fidelity Series Stock Selector Large Cap Value Fund 1,499 190 621 92 (18) 1,051 
Fidelity Series Value Discovery Fund 1,065 138 453 46 (11) 743 
Total $103,192 $28,289 $24,253 $4,036 $176 $(563) $106,841 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $107,569) $106,841  
Total Investment in Securities (cost $107,569)  $106,841 
Receivable for investments sold  1,001 
Total assets  107,842 
Liabilities   
Payable for investments purchased $1,003  
Total liabilities  1,003 
Net Assets  $106,839 
Net Assets consist of:   
Paid in capital  $106,723 
Total distributable earnings (loss)  116 
Net Assets, for 10,678 shares outstanding  $106,839 
Net Asset Value, offering price and redemption price per share ($106,839 ÷ 10,678 shares)  $10.01 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,606 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,605 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 176  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,430  
Total net realized gain (loss)  1,606 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (563)  
Total change in net unrealized appreciation (depreciation)  (563) 
Net gain (loss)  1,043 
Net increase (decrease) in net assets resulting from operations  $3,648 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,605 $1,843 
Net realized gain (loss) 1,606 1,513 
Change in net unrealized appreciation (depreciation) (563) (165) 
Net increase (decrease) in net assets resulting from operations 3,648 3,191 
Distributions to shareholders (4,468) – 
Distributions to shareholders from net investment income – (1,651) 
Distributions to shareholders from net realized gain – (604) 
Total distributions (4,468) (2,255) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 4,468 2,255 
Net increase (decrease) in net assets resulting from share transactions 4,468 102,255 
Total increase (decrease) in net assets 3,648 103,191 
Net Assets   
Beginning of period 103,191 – 
End of period $106,839 $103,191 
Other Information   
Undistributed net investment income end of period  $192 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 456 222 
Net increase (decrease) 456 10,222 

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


Financial Highlights

Fidelity Flex Freedom Income Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .25 .18 
Net realized and unrealized gain (loss) .10 .13 
Total from investment operations .35 .31 
Distributions from net investment income (.25) (.16) 
Distributions from net realized gain (.18) (.06) 
Total distributions (.43) (.22) 
Net asset value, end of period $10.01 $10.09 
Total ReturnC 3.63% 3.14% 
Ratios to Average Net AssetsD,E   
Expenses before reductions - %F - %G 
Expenses net of fee waivers, if any - %F - %G 
Expenses net of all reductions - %F - %G 
Net investment income (loss) 2.51% 2.21%G 
Supplemental Data   
Net assets, end of period (000 omitted) $107 $103 
Portfolio turnover rateD 23% 10%G 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 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 Amount represents less than .005%.

 G 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 34.5 
Fidelity Series Government Money Market Fund 2.50% 14.9 
Fidelity Series Inflation-Protected Bond Index Fund 11.5 
Fidelity Series Long-Term Treasury Bond Index Fund 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.0 
Fidelity Series Short-Term Credit Fund 3.7 
Fidelity Series International Growth Fund 3.1 
Fidelity Series International Value Fund 3.1 
Fidelity Series Commodity Strategy Fund 3.0 
Fidelity Series Intrinsic Opportunities Fund 2.5 
 85.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.9% 
   International Equity Funds 11.6% 
   Bond Funds 52.9% 
   Short-Term Funds 18.6% 


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

Fidelity Flex℠ Freedom 2005 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 16.9%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 62 $599 
Fidelity Series Blue Chip Growth Fund (a) 73 1,076 
Fidelity Series Commodity Strategy Fund (a) 675 3,221 
Fidelity Series Growth Company Fund (a) 129 2,181 
Fidelity Series Intrinsic Opportunities Fund (a) 163 2,679 
Fidelity Series Large Cap Stock Fund (a) 159 2,323 
Fidelity Series Large Cap Value Index Fund (a) 52 649 
Fidelity Series Opportunistic Insights Fund (a) 67 1,173 
Fidelity Series Small Cap Discovery Fund (a) 28 313 
Fidelity Series Small Cap Opportunities Fund (a) 72 963 
Fidelity Series Stock Selector Large Cap Value Fund (a) 150 1,768 
Fidelity Series Value Discovery Fund (a) 100 1,253 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $18,493)  18,198 
International Equity Funds - 11.6%   
Fidelity Series Canada Fund (a) 35 357 
Fidelity Series Emerging Markets Fund (a) 49 475 
Fidelity Series Emerging Markets Opportunities Fund (a) 232 4,295 
Fidelity Series International Growth Fund (a) 219 3,325 
Fidelity Series International Small Cap Fund (a) 51 797 
Fidelity Series International Value Fund (a) 355 3,303 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $12,950)  12,552 
Bond Funds - 52.9%   
Fidelity Series Emerging Markets Debt Fund (a) 79 757 
Fidelity Series Floating Rate High Income Fund (a) 17 162 
Fidelity Series High Income Fund (a) 86 812 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,268 12,403 
Fidelity Series International Credit Fund (a) 55 
Fidelity Series Investment Grade Bond Fund (a) 3,331 37,236 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 573 5,082 
Fidelity Series Real Estate Income Fund (a) 46 506 
TOTAL BOND FUNDS   
(Cost $57,198)  57,013 
Short-Term Funds - 18.6%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 16,087 16,087 
Fidelity Series Short-Term Credit Fund (a) 403 4,023 
TOTAL SHORT-TERM FUNDS   
(Cost $20,110)  20,110 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $108,751)  107,873 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $107,873 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $668 $-- $690 $-- $68 $(46) $-- 
Fidelity Series All-Sector Equity Fund 1,281 217 856 153 (49) 599 
Fidelity Series Blue Chip Growth Fund 1,338 285 625 148 46 32 1,076 
Fidelity Series Canada Fund 351 96 99 -- 357 
Fidelity Series Commodity Strategy Fund 2,201 1,544 261 140 (7) (256) 3,221 
Fidelity Series Emerging Markets Debt Fund 772 161 138 45 (12) (26) 757 
Fidelity Series Emerging Markets Fund -- 495 26 (1) 475 
Fidelity Series Emerging Markets Opportunities Fund 4,172 1,836 1,096 349 (32) (585) 4,295 
Fidelity Series Floating Rate High Income Fund 250 18 99 16 (3) (4) 162 
Fidelity Series Government Money Market Fund 2.50% 19,357 3,640 6,910 363 -- -- 16,087 
Fidelity Series Growth Company Fund 2,647 640 1,135 241 94 (65) 2,181 
Fidelity Series High Income Fund 1,555 100 824 95 (24) 812 
Fidelity Series Inflation-Protected Bond Index Fund 3,511 8,871 37 213 (1) 59 12,403 
Fidelity Series International Credit Fund 51 -- -- -- 55 
Fidelity Series International Growth Fund 3,624 880 1,012 217 (3) (164) 3,325 
Fidelity Series International Small Cap Fund 900 258 228 73 (4) (129) 797 
Fidelity Series International Value Fund 3,575 612 482 118 (4) (398) 3,303 
Fidelity Series Intrinsic Opportunities Fund 3,236 437 773 220 54 (275) 2,679 
Fidelity Series Investment Grade Bond Fund 36,345 2,575 2,218 1,182 (44) 578 37,236 
Fidelity Series Large Cap Stock Fund 2,895 555 1,087 261 35 (75) 2,323 
Fidelity Series Large Cap Value Index Fund 830 92 290 31 14 649 
Fidelity Series Long-Term Treasury Bond Index Fund 2,293 3,543 958 115 (35) 239 5,082 
Fidelity Series Opportunistic Insights Fund 1,451 249 563 106 29 1,173 
Fidelity Series Real Estate Equity Fund 261 272 (17) 25 -- 
Fidelity Series Real Estate Income Fund 485 41 29 37 (1) 10 506 
Fidelity Series Short-Term Credit Fund 4,728 751 1,500 110 (17) 61 4,023 
Fidelity Series Small Cap Discovery Fund 395 77 131 44 (1) (27) 313 
Fidelity Series Small Cap Opportunities Fund 1,205 246 464 115 (31) 963 
Fidelity Series Stock Selector Large Cap Value Fund 2,260 280 733 154 (5) (34) 1,768 
Fidelity Series Value Discovery Fund 1,606 189 521 78 (22) 1,253 
Total $104,243 $28,695 $24,057 $4,639 $143 $(1,151) $107,873 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $108,751) $107,873  
Total Investment in Securities (cost $108,751)  $107,873 
Receivable for investments sold  1,014 
Total assets  108,887 
Liabilities   
Payable for investments purchased $1,014  
Total liabilities  1,014 
Net Assets  $107,873 
Net Assets consist of:   
Paid in capital  $107,239 
Total distributable earnings (loss)  634 
Net Assets, for 10,734 shares outstanding  $107,873 
Net Asset Value, offering price and redemption price per share ($107,873 ÷ 10,734 shares)  $10.05 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,603 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,602 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 143  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,036  
Total net realized gain (loss)  2,179 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (1,151)  
Total change in net unrealized appreciation (depreciation)  (1,151) 
Net gain (loss)  1,028 
Net increase (decrease) in net assets resulting from operations  $3,630 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,602 $1,856 
Net realized gain (loss) 2,179 2,114 
Change in net unrealized appreciation (depreciation) (1,151) 273 
Net increase (decrease) in net assets resulting from operations 3,630 4,243 
Distributions to shareholders (5,040) – 
Distributions to shareholders from net investment income – (1,400) 
Distributions to shareholders from net realized gain – (800) 
Total distributions (5,040) (2,200) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 5,040 2,200 
Net increase (decrease) in net assets resulting from share transactions 5,040 102,200 
Total increase (decrease) in net assets 3,630 104,243 
Net Assets   
Beginning of period 104,243 – 
End of period $107,873 $104,243 
Other Information   
Undistributed net investment income end of period  $456 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 519 215 
Net increase (decrease) 519 10,215 

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


Financial Highlights

Fidelity Flex Freedom 2005 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.21 $10.00 
Income from Investment Operations   
Net investment income (loss)B .25 .18 
Net realized and unrealized gain (loss) .08 .25 
Total from investment operations .33 .43 
Distributions from net investment income (.25) (.14) 
Distributions from net realized gain (.24) (.08) 
Total distributions (.49) (.22) 
Net asset value, end of period $10.05 $10.21 
Total ReturnC 3.43% 4.29% 
Ratios to Average Net AssetsD,E   
Expenses before reductions - %F - %G 
Expenses net of fee waivers, if any - %F - %G 
Expenses net of all reductions - %F - %G 
Net investment income (loss) 2.49% 2.21%G 
Supplemental Data   
Net assets, end of period (000 omitted) $108 $104 
Portfolio turnover rateD 23% 13%G 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 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 Amount represents less than .005%.

 G 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 30.9 
Fidelity Series Government Money Market Fund 2.50% 11.8 
Fidelity Series Inflation-Protected Bond Index Fund 9.4 
Fidelity Series Long-Term Treasury Bond Index Fund 4.9 
Fidelity Series Emerging Markets Opportunities Fund 4.9 
Fidelity Series International Growth Fund 4.0 
Fidelity Series International Value Fund 3.9 
Fidelity Series Intrinsic Opportunities Fund 3.6 
Fidelity Series Large Cap Stock Fund 3.1 
Fidelity Series Commodity Strategy Fund 3.0 
 79.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.3% 
   International Equity Funds 14.6% 
   Bond Funds 47.4% 
   Short-Term Funds 14.7% 


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

Fidelity Flex℠ Freedom 2010 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 23.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 91 $881 
Fidelity Series Blue Chip Growth Fund (a) 108 1,587 
Fidelity Series Commodity Strategy Fund (a) 681 3,246 
Fidelity Series Growth Company Fund (a) 190 3,217 
Fidelity Series Intrinsic Opportunities Fund (a) 240 3,953 
Fidelity Series Large Cap Stock Fund (a) 234 3,426 
Fidelity Series Large Cap Value Index Fund (a) 77 956 
Fidelity Series Opportunistic Insights Fund (a) 99 1,730 
Fidelity Series Small Cap Discovery Fund (a) 42 463 
Fidelity Series Small Cap Opportunities Fund (a) 106 1,420 
Fidelity Series Stock Selector Large Cap Value Fund (a) 221 2,610 
Fidelity Series Value Discovery Fund (a) 148 1,848 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $25,701)  25,337 
International Equity Funds - 14.6%   
Fidelity Series Canada Fund (a) 45 461 
Fidelity Series Emerging Markets Fund (a) 60 584 
Fidelity Series Emerging Markets Opportunities Fund (a) 285 5,285 
Fidelity Series International Growth Fund (a) 283 4,296 
Fidelity Series International Small Cap Fund (a) 66 1,030 
Fidelity Series International Value Fund (a) 459 4,268 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $16,448)  15,924 
Bond Funds - 47.4%   
Fidelity Series Emerging Markets Debt Fund (a) 80 762 
Fidelity Series Floating Rate High Income Fund (a) 18 163 
Fidelity Series High Income Fund (a) 87 819 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,046 10,235 
Fidelity Series International Credit Fund (a) 56 
Fidelity Series Investment Grade Bond Fund (a) 3,008 33,629 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 602 5,340 
Fidelity Series Real Estate Income Fund (a) 47 510 
TOTAL BOND FUNDS   
(Cost $51,661)  51,514 
Short-Term Funds - 14.7%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 12,791 12,791 
Fidelity Series Short-Term Credit Fund (a) 321 3,198 
TOTAL SHORT-TERM FUNDS   
(Cost $15,989)  15,989 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $109,799)  108,764 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $108,764 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $884 $-- $917 $-- $94 $(61) $-- 
Fidelity Series All-Sector Equity Fund 1,696 308 1,064 212 (68) 881 
Fidelity Series Blue Chip Growth Fund 1,753 392 648 213 39 51 1,587 
Fidelity Series Canada Fund 439 123 111 10 (3) 13 461 
Fidelity Series Commodity Strategy Fund 2,222 1,521 226 144 (7) (264) 3,246 
Fidelity Series Emerging Markets Debt Fund 762 181 144 45 (12) (25) 762 
Fidelity Series Emerging Markets Fund -- 606 30 (1) 584 
Fidelity Series Emerging Markets Opportunities Fund 5,149 2,112 1,202 427 (43) (731) 5,285 
Fidelity Series Floating Rate High Income Fund 250 28 109 16 (2) (4) 163 
Fidelity Series Government Money Market Fund 2.50% 15,228 3,464 5,901 289 -- -- 12,791 
Fidelity Series Growth Company Fund 3,506 898 1,202 348 80 (65) 3,217 
Fidelity Series High Income Fund 1,558 96 815 96 (25) 819 
Fidelity Series Inflation-Protected Bond Index Fund 2,900 7,430 141 176 (4) 50 10,235 
Fidelity Series International Credit Fund 51 -- -- -- 56 
Fidelity Series International Growth Fund 4,533 968 988 278 (7) (210) 4,296 
Fidelity Series International Small Cap Fund 1,127 267 192 94 (5) (167) 1,030 
Fidelity Series International Value Fund 4,474 771 461 152 (8) (508) 4,268 
Fidelity Series Intrinsic Opportunities Fund 4,286 763 761 317 39 (374) 3,953 
Fidelity Series Investment Grade Bond Fund 33,239 2,668 2,751 1,066 (56) 529 33,629 
Fidelity Series Large Cap Stock Fund 3,919 786 1,212 367 31 (98) 3,426 
Fidelity Series Large Cap Value Index Fund 1,099 137 301 45 13 956 
Fidelity Series Long-Term Treasury Bond Index Fund 2,246 3,643 766 122 (25) 242 5,340 
Fidelity Series Opportunistic Insights Fund 1,922 347 585 147 26 20 1,730 
Fidelity Series Real Estate Equity Fund 342 354 (23) 33 -- 
Fidelity Series Real Estate Income Fund 474 57 31 37 (1) 11 510 
Fidelity Series Short-Term Credit Fund 3,833 585 1,255 88 (14) 49 3,198 
Fidelity Series Small Cap Discovery Fund 523 113 133 61 (4) (36) 463 
Fidelity Series Small Cap Opportunities Fund 1,620 357 508 166 (50) 1,420 
Fidelity Series Stock Selector Large Cap Value Fund 2,994 435 749 225 (7) (63) 2,610 
Fidelity Series Value Discovery Fund 2,128 287 532 113 -- (35) 1,848 
Total $105,157 $29,350 $24,089 $5,262 $85 $(1,739) $108,764 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $109,799) $108,764  
Total Investment in Securities (cost $109,799)  $108,764 
Receivable for investments sold  1,108 
Total assets  109,872 
Liabilities   
Payable for investments purchased $1,108  
Total liabilities  1,108 
Net Assets  $108,764 
Net Assets consist of:   
Paid in capital  $107,920 
Total distributable earnings (loss)  844 
Net Assets, for 10,802 shares outstanding  $108,764 
Net Asset Value, offering price and redemption price per share ($108,764 ÷ 10,802 shares)  $10.07 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,594 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,593 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 85  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,668  
Total net realized gain (loss)  2,753 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (1,739)  
Total change in net unrealized appreciation (depreciation)  (1,739) 
Net gain (loss)  1,014 
Net increase (decrease) in net assets resulting from operations  $3,607 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,593 $1,868 
Net realized gain (loss) 2,753 2,585 
Change in net unrealized appreciation (depreciation) (1,739) 704 
Net increase (decrease) in net assets resulting from operations 3,607 5,157 
Distributions to shareholders (5,511) – 
Distributions to shareholders from net investment income – (1,460) 
Distributions to shareholders from net realized gain – (950) 
Total distributions (5,511) (2,410) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 5,511 2,410 
Net increase (decrease) in net assets resulting from share transactions 5,511 102,410 
Total increase (decrease) in net assets 3,607 105,157 
Net Assets   
Beginning of period 105,157 – 
End of period $108,764 $105,157 
Other Information   
Undistributed net investment income end of period  $408 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 568 234 
Net increase (decrease) 568 10,234 

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


Financial Highlights

Fidelity Flex Freedom 2010 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.28 $10.00 
Income from Investment Operations   
Net investment income (loss)B .25 .19 
Net realized and unrealized gain (loss) .07 .33 
Total from investment operations .32 .52 
Distributions from net investment income (.25) (.15) 
Distributions from net realized gain (.29) (.10) 
Total distributions (.53)C (.24)D 
Net asset value, end of period $10.07 $10.28 
Total ReturnE 3.40% 5.20% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.46% 2.22%I 
Supplemental Data   
Net assets, end of period (000 omitted) $109 $105 
Portfolio turnover rateF 23% 13%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.53 per share is comprised of distributions from net investment income of $.246 and distributions from net realized gain of $.286 per share.

 D Total distributions of $.24 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.095 per share.

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

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

 G 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.

 H Amount represents less than .005%.

 I 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 27.1 
Fidelity Series Government Money Market Fund 2.50% 9.0 
Fidelity Series Inflation-Protected Bond Index Fund 7.4 
Fidelity Series Emerging Markets Opportunities Fund 5.5 
Fidelity Series Long-Term Treasury Bond Index Fund 5.0 
Fidelity Series International Growth Fund 4.8 
Fidelity Series International Value Fund 4.8 
Fidelity Series Intrinsic Opportunities Fund 4.8 
Fidelity Series Large Cap Stock Fund 4.1 
Fidelity Series Growth Company Fund 3.9 
 76.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.8% 
   International Equity Funds 17.4% 
   Bond Funds 41.6% 
   Short-Term Funds 11.2% 


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

Fidelity Flex℠ Freedom 2015 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 29.8%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 122 $1,172 
Fidelity Series Blue Chip Growth Fund (a) 143 2,112 
Fidelity Series Commodity Strategy Fund (a) 686 3,270 
Fidelity Series Growth Company Fund (a) 253 4,276 
Fidelity Series Intrinsic Opportunities Fund (a) 319 5,248 
Fidelity Series Large Cap Stock Fund (a) 310 4,537 
Fidelity Series Large Cap Value Index Fund (a) 102 1,269 
Fidelity Series Opportunistic Insights Fund (a) 131 2,297 
Fidelity Series Small Cap Discovery Fund (a) 55 615 
Fidelity Series Small Cap Opportunities Fund (a) 140 1,888 
Fidelity Series Stock Selector Large Cap Value Fund (a) 294 3,465 
Fidelity Series Value Discovery Fund (a) 196 2,451 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $33,081)  32,600 
International Equity Funds - 17.4%   
Fidelity Series Canada Fund (a) 55 567 
Fidelity Series Emerging Markets Fund (a) 69 671 
Fidelity Series Emerging Markets Opportunities Fund (a) 328 6,070 
Fidelity Series International Growth Fund (a) 348 5,284 
Fidelity Series International Small Cap Fund (a) 82 1,267 
Fidelity Series International Value Fund (a) 565 5,250 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $19,779)  19,109 
Bond Funds - 41.6%   
Fidelity Series Emerging Markets Debt Fund (a) 80 768 
Fidelity Series Floating Rate High Income Fund (a) 18 165 
Fidelity Series High Income Fund (a) 88 825 
Fidelity Series Inflation-Protected Bond Index Fund (a) 825 8,072 
Fidelity Series International Credit Fund (a) 57 
Fidelity Series Investment Grade Bond Fund (a) 2,659 29,732 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 619 5,489 
Fidelity Series Real Estate Income Fund (a) 47 514 
TOTAL BOND FUNDS   
(Cost $45,722)  45,622 
Short-Term Funds - 11.2%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 9,832 9,832 
Fidelity Series Short-Term Credit Fund (a) 247 2,458 
TOTAL SHORT-TERM FUNDS   
(Cost $12,290)  12,290 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $110,872)  109,621 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $109,620 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $1,112 $-- $1,151 $-- $116 $(77) $-- 
Fidelity Series All-Sector Equity Fund 2,132 428 1,284 292 17 (121) 1,172 
Fidelity Series Blue Chip Growth Fund 2,204 500 699 279 36 71 2,112 
Fidelity Series Canada Fund 532 139 115 12 (1) 12 567 
Fidelity Series Commodity Strategy Fund 2,252 1,499 202 147 (8) (271) 3,270 
Fidelity Series Emerging Markets Debt Fund 741 180 117 44 (10) (26) 768 
Fidelity Series Emerging Markets Fund -- 690 28 (1) 10 671 
Fidelity Series Emerging Markets Opportunities Fund 5,947 2,240 1,222 488 (48) (847) 6,070 
Fidelity Series Floating Rate High Income Fund 250 34 114 14 (1) (4) 165 
Fidelity Series Government Money Market Fund 2.50% 11,499 3,387 5,054 222 -- -- 9,832 
Fidelity Series Growth Company Fund 4,439 1,173 1,341 454 72 (67) 4,276 
Fidelity Series High Income Fund 1,550 104 808 98 (26) 825 
Fidelity Series Inflation-Protected Bond Index Fund 2,090 6,191 243 139 (6) 40 8,072 
Fidelity Series International Credit Fund 51 -- -- -- 57 
Fidelity Series International Growth Fund 5,462 1,099 1,006 341 (9) (262) 5,284 
Fidelity Series International Small Cap Fund 1,365 316 202 116 (5) (207) 1,267 
Fidelity Series International Value Fund 5,419 914 448 187 (3) (632) 5,250 
Fidelity Series Intrinsic Opportunities Fund 5,389 964 655 415 30 (480) 5,248 
Fidelity Series Investment Grade Bond Fund 29,661 2,710 3,049 945 (67) 477 29,732 
Fidelity Series Large Cap Stock Fund 4,974 954 1,292 476 26 (125) 4,537 
Fidelity Series Large Cap Value Index Fund 1,382 179 317 59 13 12 1,269 
Fidelity Series Long-Term Treasury Bond Index Fund 2,362 3,776 870 126 (28) 249 5,489 
Fidelity Series Opportunistic Insights Fund 2,416 453 608 200 20 16 2,297 
Fidelity Series Real Estate Equity Fund 426 441 (30) 41 -- 
Fidelity Series Real Estate Income Fund 475 61 32 37 (1) 11 514 
Fidelity Series Short-Term Credit Fund 2,821 648 1,039 67 (9) 37 2,458 
Fidelity Series Small Cap Discovery Fund 657 152 137 81 (6) (51) 615 
Fidelity Series Small Cap Opportunities Fund 2,007 458 508 215 (6) (63) 1,888 
Fidelity Series Stock Selector Large Cap Value Fund 3,764 600 800 294 (9) (90) 3,465 
Fidelity Series Value Discovery Fund 2,674 356 528 148 (1) (50) 2,451 
Total $106,053 $30,215 $24,310 $5,905 $55 $(2,392) $109,621 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $110,872) $109,621  
Total Investment in Securities (cost $110,872)  $109,621 
Receivable for investments sold  1,215 
Total assets  110,836 
Liabilities   
Payable for investments purchased $1,216  
Total liabilities  1,216 
Net Assets  $109,620 
Net Assets consist of:   
Paid in capital  $108,594 
Total distributable earnings (loss)  1,026 
Net Assets, for 10,868 shares outstanding  $109,620 
Net Asset Value, offering price and redemption price per share ($109,620 ÷ 10,868 shares)  $10.09 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,583 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,582 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 55  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,322  
Total net realized gain (loss)  3,377 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (2,392)  
Total change in net unrealized appreciation (depreciation)  (2,392) 
Net gain (loss)  985 
Net increase (decrease) in net assets resulting from operations  $3,567 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,582 $1,876 
Net realized gain (loss) 3,377 3,036 
Change in net unrealized appreciation (depreciation) (2,392) 1,141 
Net increase (decrease) in net assets resulting from operations 3,567 6,053 
Distributions to shareholders (5,994) – 
Distributions to shareholders from net investment income – (1,520) 
Distributions to shareholders from net realized gain – (1,080) 
Total distributions (5,994) (2,600) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 5,994 2,600 
Net increase (decrease) in net assets resulting from share transactions 5,994 102,600 
Total increase (decrease) in net assets 3,567 106,053 
Net Assets   
Beginning of period 106,053 – 
End of period $109,620 $106,053 
Other Information   
Undistributed net investment income end of period  $356 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 618 250 
Net increase (decrease) 618 10,250 

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


Financial Highlights

Fidelity Flex Freedom 2015 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.35 $10.00 
Income from Investment Operations   
Net investment income (loss)B .24 .19 
Net realized and unrealized gain (loss) .08 .42 
Total from investment operations .32 .61 
Distributions from net investment income (.24) (.15) 
Distributions from net realized gain (.33) (.11) 
Total distributions (.58)C (.26) 
Net asset value, end of period $10.09 $10.35 
Total ReturnD 3.37% 6.09% 
Ratios to Average Net AssetsE,F   
Expenses before reductions - %G - %H 
Expenses net of fee waivers, if any - %G - %H 
Expenses net of all reductions - %G - %H 
Net investment income (loss) 2.43% 2.21%H 
Supplemental Data   
Net assets, end of period (000 omitted) $110 $106 
Portfolio turnover rateE 23% 14%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.244 and distributions from net realized gain of $.333 per share.

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

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

 F 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.

 G Amount represents less than .005%.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.9 
Fidelity Series Government Money Market Fund 2.50% 6.7 
Fidelity Series Emerging Markets Opportunities Fund 6.1 
Fidelity Series Intrinsic Opportunities Fund 5.7 
Fidelity Series International Growth Fund 5.6 
Fidelity Series International Value Fund 5.5 
Fidelity Series Inflation-Protected Bond Index Fund 5.4 
Fidelity Series Long-Term Treasury Bond Index Fund 5.1 
Fidelity Series Large Cap Stock Fund 5.0 
Fidelity Series Growth Company Fund 4.7 
 73.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 35.2% 
   International Equity Funds 19.8% 
   Bond Funds 36.6% 
   Short-Term Funds 8.4% 


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

Fidelity Flex℠ Freedom 2020 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 35.2%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 147 $1,415 
Fidelity Series Blue Chip Growth Fund (a) 174 2,561 
Fidelity Series Commodity Strategy Fund (a) 689 3,285 
Fidelity Series Growth Company Fund (a) 306 5,179 
Fidelity Series Intrinsic Opportunities Fund (a) 386 6,350 
Fidelity Series Large Cap Stock Fund (a) 375 5,488 
Fidelity Series Large Cap Value Index Fund (a) 124 1,534 
Fidelity Series Opportunistic Insights Fund (a) 160 2,791 
Fidelity Series Small Cap Discovery Fund (a) 66 734 
Fidelity Series Small Cap Opportunities Fund (a) 169 2,281 
Fidelity Series Stock Selector Large Cap Value Fund (a) 355 4,193 
Fidelity Series Value Discovery Fund (a) 237 2,964 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $39,339)  38,775 
International Equity Funds - 19.8%   
Fidelity Series Canada Fund (a) 64 657 
Fidelity Series Emerging Markets Fund (a) 76 746 
Fidelity Series Emerging Markets Opportunities Fund (a) 365 6,759 
Fidelity Series International Growth Fund (a) 403 6,126 
Fidelity Series International Small Cap Fund (a) 95 1,469 
Fidelity Series International Value Fund (a) 654 6,086 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $22,628)  21,843 
Bond Funds - 36.6%   
Fidelity Series Emerging Markets Debt Fund (a) 80 770 
Fidelity Series Floating Rate High Income Fund (a) 18 163 
Fidelity Series High Income Fund (a) 88 829 
Fidelity Series Inflation-Protected Bond Index Fund (a) 613 5,994 
Fidelity Series International Credit Fund (a) 69 
Fidelity Series Investment Grade Bond Fund (a) 2,356 26,338 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 636 5,638 
Fidelity Series Real Estate Income Fund (a) 47 516 
TOTAL BOND FUNDS   
(Cost $40,386)  40,317 
Short-Term Funds - 8.4%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 7,418 7,418 
Fidelity Series Short-Term Credit Fund (a) 186 1,855 
TOTAL SHORT-TERM FUNDS   
(Cost $9,272)  9,273 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $111,625)  110,208 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $110,208 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $1,284 $3 $1,328 $-- $130 $(89) $-- 
Fidelity Series All-Sector Equity Fund 2,464 472 1,410 336 23 (134) 1,415 
Fidelity Series Blue Chip Growth Fund 2,547 632 735 334 27 90 2,561 
Fidelity Series Canada Fund 602 160 116 14 -- 11 657 
Fidelity Series Commodity Strategy Fund 2,267 1,512 214 147 (8) (272) 3,285 
Fidelity Series Emerging Markets Debt Fund 741 163 99 43 (8) (27) 770 
Fidelity Series Emerging Markets Fund -- 751 14 -- 746 
Fidelity Series Emerging Markets Opportunities Fund 6,573 2,509 1,324 540 (56) (943) 6,759 
Fidelity Series Floating Rate High Income Fund 250 16 98 14 (1) (4) 163 
Fidelity Series Government Money Market Fund 2.50% 8,790 3,201 4,573 170 -- -- 7,418 
Fidelity Series Growth Company Fund 5,134 1,405 1,331 553 49 (78) 5,179 
Fidelity Series High Income Fund 1,550 100 799 99 (27) 829 
Fidelity Series Inflation-Protected Bond Index Fund 1,236 4,914 179 102 (4) 27 5,994 
Fidelity Series International Credit Fund 51 18 -- -- -- 69 
Fidelity Series International Growth Fund 6,164 1,154 875 394 (14) (303) 6,126 
Fidelity Series International Small Cap Fund 1,544 345 176 134 (5) (239) 1,469 
Fidelity Series International Value Fund 6,138 1,050 375 214 (1) (726) 6,086 
Fidelity Series Intrinsic Opportunities Fund 6,227 1,255 587 493 14 (559) 6,350 
Fidelity Series Investment Grade Bond Fund 26,901 2,477 3,394 847 (85) 439 26,338 
Fidelity Series Large Cap Stock Fund 5,804 1,098 1,287 565 22 (149) 5,488 
Fidelity Series Large Cap Value Index Fund 1,597 208 299 71 11 17 1,534 
Fidelity Series Long-Term Treasury Bond Index Fund 2,388 3,872 850 131 (24) 252 5,638 
Fidelity Series Opportunistic Insights Fund 2,791 566 605 238 17 22 2,791 
Fidelity Series Real Estate Equity Fund 487 36 540 (31) 48 -- 
Fidelity Series Real Estate Income Fund 485 40 18 37 (1) 10 516 
Fidelity Series Short-Term Credit Fund 2,154 582 902 51 (8) 29 1,855 
Fidelity Series Small Cap Discovery Fund 760 164 122 95 (8) (60) 734 
Fidelity Series Small Cap Opportunities Fund 2,319 565 505 259 (12) (86) 2,281 
Fidelity Series Stock Selector Large Cap Value Fund 4,349 585 619 351 (9) (113) 4,193 
Fidelity Series Value Discovery Fund 3,090 403 464 177 -- (65) 2,964 
Total $106,687 $30,256 $23,838 $6,420 $(9) $(2,888) $110,208 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $111,625) $110,208  
Total Investment in Securities (cost $111,625)  $110,208 
Receivable for investments sold  1,396 
Total assets  111,604 
Liabilities   
Payable for investments purchased $1,396  
Total liabilities  1,396 
Net Assets  $110,208 
Net Assets consist of:   
Paid in capital  $109,039 
Total distributable earnings (loss)  1,169 
Net Assets, for 10,913 shares outstanding  $110,208 
Net Asset Value, offering price and redemption price per share ($110,208 ÷ 10,913 shares)  $10.10 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,577 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,576 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (9)  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,843  
Total net realized gain (loss)  3,834 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (2,888)  
Total change in net unrealized appreciation (depreciation)  (2,888) 
Net gain (loss)  946 
Net increase (decrease) in net assets resulting from operations  $3,522 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,576 $1,888 
Net realized gain (loss) 3,834 3,327 
Change in net unrealized appreciation (depreciation) (2,888) 1,471 
Net increase (decrease) in net assets resulting from operations 3,522 6,686 
Distributions to shareholders (6,307) – 
Distributions to shareholders from net investment income – (1,570) 
Distributions to shareholders from net realized gain – (1,160) 
Total distributions (6,307) (2,730) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 6,307 2,730 
Net increase (decrease) in net assets resulting from share transactions 6,307 102,730 
Total increase (decrease) in net assets 3,522 106,686 
Net Assets   
Beginning of period 106,686 – 
End of period $110,208 $106,686 
Other Information   
Undistributed net investment income end of period  $317 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 651 262 
Net increase (decrease) 651 10,262 

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


Financial Highlights

Fidelity Flex Freedom 2020 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.40 $10.00 
Income from Investment Operations   
Net investment income (loss)B .24 .19 
Net realized and unrealized gain (loss) .07 .48 
Total from investment operations .31 .67 
Distributions from net investment income (.24) (.16) 
Distributions from net realized gain (.36) (.12) 
Total distributions (.61)C (.27)D 
Net asset value, end of period $10.10 $10.40 
Total ReturnE 3.28% 6.72% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.41% 2.22%I 
Supplemental Data   
Net assets, end of period (000 omitted) $110 $107 
Portfolio turnover rateF 22% 14%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.61 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.363 per share.

 D Total distributions of $.27 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.116 per share.

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

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

 G 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.

 H Amount represents less than .005%.

 I 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 20.3 
Fidelity Series Emerging Markets Opportunities Fund 6.6 
Fidelity Series Intrinsic Opportunities Fund 6.6 
Fidelity Series International Growth Fund 6.2 
Fidelity Series International Value Fund 6.1 
Fidelity Series Large Cap Stock Fund 5.7 
Fidelity Series Long-Term Treasury Bond Index Fund 5.6 
Fidelity Series Growth Company Fund 5.4 
Fidelity Series Government Money Market Fund 2.50% 4.6 
Fidelity Series Stock Selector Large Cap Value Fund 4.4 
 71.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 40.0% 
   International Equity Funds 21.8% 
   Bond Funds 32.4% 
   Short-Term Funds 5.8% 


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

Fidelity Flex℠ Freedom 2025 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 40.0%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 170 $1,637 
Fidelity Series Blue Chip Growth Fund (a) 200 2,947 
Fidelity Series Commodity Strategy Fund (a) 692 3,301 
Fidelity Series Growth Company Fund (a) 353 5,970 
Fidelity Series Intrinsic Opportunities Fund (a) 446 7,331 
Fidelity Series Large Cap Stock Fund (a) 434 6,355 
Fidelity Series Large Cap Value Index Fund (a) 143 1,773 
Fidelity Series Opportunistic Insights Fund (a) 184 3,212 
Fidelity Series Small Cap Discovery Fund (a) 76 847 
Fidelity Series Small Cap Opportunities Fund (a) 196 2,637 
Fidelity Series Stock Selector Large Cap Value Fund (a) 410 4,841 
Fidelity Series Value Discovery Fund (a) 274 3,423 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $44,968)  44,274 
International Equity Funds - 21.8%   
Fidelity Series Canada Fund (a) 71 734 
Fidelity Series Emerging Markets Fund (a) 83 810 
Fidelity Series Emerging Markets Opportunities Fund (a) 396 7,333 
Fidelity Series International Growth Fund (a) 451 6,847 
Fidelity Series International Small Cap Fund (a) 106 1,642 
Fidelity Series International Value Fund (a) 731 6,801 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $25,064)  24,167 
Bond Funds - 32.4%   
Fidelity Series Emerging Markets Debt Fund (a) 81 774 
Fidelity Series Floating Rate High Income Fund (a) 18 164 
Fidelity Series High Income Fund (a) 89 833 
Fidelity Series Inflation-Protected Bond Index Fund (a) 492 4,810 
Fidelity Series International Credit Fund (a) 69 
Fidelity Series Investment Grade Bond Fund (a) 2,015 22,523 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 702 6,228 
Fidelity Series Real Estate Income Fund (a) 48 519 
TOTAL BOND FUNDS   
(Cost $35,934)  35,920 
Short-Term Funds - 5.8%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 5,119 5,119 
Fidelity Series Short-Term Credit Fund (a) 128 1,280 
TOTAL SHORT-TERM FUNDS   
(Cost $6,398)  6,399 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $112,364)  110,760 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $110,761 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $1,446 $-- $1,496 $-- $150 $(100) $-- 
Fidelity Series All-Sector Equity Fund 2,774 553 1,535 401 30 (185) 1,637 
Fidelity Series Blue Chip Growth Fund 2,867 646 688 384 19 103 2,947 
Fidelity Series Canada Fund 665 179 121 16 (2) 13 734 
Fidelity Series Commodity Strategy Fund 2,284 1,517 216 150 (11) (273) 3,301 
Fidelity Series Emerging Markets Debt Fund 731 160 82 43 (7) (28) 774 
Fidelity Series Emerging Markets Fund -- 825 24 (1) 10 810 
Fidelity Series Emerging Markets Opportunities Fund 7,122 2,619 1,320 584 (63) (1,025) 7,333 
Fidelity Series Floating Rate High Income Fund 250 18 99 14 (1) (4) 164 
Fidelity Series Government Money Market Fund 2.50% 6,818 2,632 4,331 122 -- -- 5,119 
Fidelity Series Growth Company Fund 5,867 1,563 1,412 635 42 (90) 5,970 
Fidelity Series High Income Fund 1,540 99 784 99 (27) 833 
Fidelity Series Inflation-Protected Bond Index Fund 877 4,032 117 81 (3) 21 4,810 
Fidelity Series International Credit Fund 51 18 -- -- -- 69 
Fidelity Series International Growth Fund 6,786 1,099 684 438 (16) (338) 6,847 
Fidelity Series International Small Cap Fund 1,693 325 104 149 (3) (269) 1,642 
Fidelity Series International Value Fund 6,778 1,156 322 240 (815) 6,801 
Fidelity Series Intrinsic Opportunities Fund 6,932 1,514 474 568 -- (641) 7,331 
Fidelity Series Investment Grade Bond Fund 23,448 2,340 3,568 721 (78) 381 22,523 
Fidelity Series Large Cap Stock Fund 6,472 1,199 1,160 647 16 (172) 6,355 
Fidelity Series Large Cap Value Index Fund 1,797 218 271 82 10 19 1,773 
Fidelity Series Long-Term Treasury Bond Index Fund 2,390 4,531 951 147 (30) 288 6,228 
Fidelity Series Opportunistic Insights Fund 3,142 585 544 276 20 3,212 
Fidelity Series Real Estate Equity Fund 543 45 607 (34) 53 -- 
Fidelity Series Real Estate Income Fund 475 51 16 37 -- 519 
Fidelity Series Short-Term Credit Fund 1,699 420 854 37 (8) 23 1,280 
Fidelity Series Small Cap Discovery Fund 855 175 110 107 (7) (66) 847 
Fidelity Series Small Cap Opportunities Fund 2,611 636 490 299 (17) (103) 2,637 
Fidelity Series Stock Selector Large Cap Value Fund 4,896 664 567 405 (12) (140) 4,841 
Fidelity Series Value Discovery Fund 3,479 405 381 203 (2) (78) 3,423 
Total $107,288 $30,224 $23,328 $6,897 $(42) $(3,382) $110,760 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $112,364) $110,760  
Total Investment in Securities (cost $112,364)  $110,760 
Receivable for investments sold  1,513 
Total assets  112,273 
Liabilities   
Payable for investments purchased $1,512  
Total liabilities  1,512 
Net Assets  $110,761 
Net Assets consist of:   
Paid in capital  $109,461 
Total distributable earnings (loss)  1,300 
Net Assets, for 10,955 shares outstanding  $110,761 
Net Asset Value, offering price and redemption price per share ($110,761 ÷ 10,955 shares)  $10.11 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,554 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,553 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (42)  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,343  
Total net realized gain (loss)  4,301 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (3,382)  
Total change in net unrealized appreciation (depreciation)  (3,382) 
Net gain (loss)  919 
Net increase (decrease) in net assets resulting from operations  $3,472 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,553 $1,878 
Net realized gain (loss) 4,301 3,633 
Change in net unrealized appreciation (depreciation) (3,382) 1,778 
Net increase (decrease) in net assets resulting from operations 3,472 7,289 
Distributions to shareholders (6,609) – 
Distributions to shareholders from net investment income – (1,600) 
Distributions to shareholders from net realized gain – (1,250) 
Total distributions (6,609) (2,850) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 6,609 2,850 
Net increase (decrease) in net assets resulting from share transactions 6,609 102,850 
Total increase (decrease) in net assets 3,472 107,289 
Net Assets   
Beginning of period 107,289 – 
End of period $110,761 $107,289 
Other Information   
Undistributed net investment income end of period  $278 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 683 272 
Net increase (decrease) 683 10,272 

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


Financial Highlights

Fidelity Flex Freedom 2025 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.44 $10.00 
Income from Investment Operations   
Net investment income (loss)B .24 .19 
Net realized and unrealized gain (loss) .06 .54 
Total from investment operations .30 .73 
Distributions from net investment income (.24) (.16) 
Distributions from net realized gain (.39) (.13) 
Total distributions (.63) (.29) 
Net asset value, end of period $10.11 $10.44 
Total ReturnC 3.28% 7.24% 
Ratios to Average Net AssetsD,E   
Expenses before reductions - %F - %G 
Expenses net of fee waivers, if any - %F - %G 
Expenses net of all reductions - %F - %G 
Net investment income (loss) 2.37% 2.20%G 
Supplemental Data   
Net assets, end of period (000 omitted) $111 $107 
Portfolio turnover rateD 22% 14%G 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 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 Amount represents less than .005%.

 G 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 15.8 
Fidelity Series Intrinsic Opportunities Fund 8.0 
Fidelity Series Emerging Markets Opportunities Fund 7.5 
Fidelity Series International Growth Fund 7.2 
Fidelity Series International Value Fund 7.2 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series Growth Company Fund 6.5 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Series Stock Selector Large Cap Value Fund 5.3 
Fidelity Series Value Discovery Fund 3.8 
 74.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 47.8% 
   International Equity Funds 25.2% 
   Bond Funds 25.3% 
   Short-Term Funds 1.7% 


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

Fidelity Flex℠ Freedom 2030 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 47.8%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 208 $2,003 
Fidelity Series Blue Chip Growth Fund (a) 245 3,608 
Fidelity Series Commodity Strategy Fund (a) 700 3,337 
Fidelity Series Growth Company Fund (a) 433 7,314 
Fidelity Series Intrinsic Opportunities Fund (a) 546 8,986 
Fidelity Series Large Cap Stock Fund (a) 532 7,794 
Fidelity Series Large Cap Value Index Fund (a) 175 2,173 
Fidelity Series Opportunistic Insights Fund (a) 225 3,933 
Fidelity Series Small Cap Discovery Fund (a) 95 1,054 
Fidelity Series Small Cap Opportunities Fund (a) 240 3,228 
Fidelity Series Stock Selector Large Cap Value Fund (a) 502 5,922 
Fidelity Series Value Discovery Fund (a) 337 4,207 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $54,470)  53,559 
International Equity Funds - 25.2%   
Fidelity Series Canada Fund (a) 84 868 
Fidelity Series Emerging Markets Fund (a) 95 927 
Fidelity Series Emerging Markets Opportunities Fund (a) 452 8,384 
Fidelity Series International Growth Fund (a) 533 8,091 
Fidelity Series International Small Cap Fund (a) 125 1,941 
Fidelity Series International Value Fund (a) 864 8,038 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $29,336)  28,249 
Bond Funds - 25.3%   
Fidelity Series Emerging Markets Debt Fund (a) 82 784 
Fidelity Series Floating Rate High Income Fund (a) 18 168 
Fidelity Series High Income Fund (a) 90 842 
Fidelity Series Inflation-Protected Bond Index Fund (a) 183 1,794 
Fidelity Series International Credit Fund (a) 59 
Fidelity Series Investment Grade Bond Fund (a) 1,584 17,708 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 726 6,438 
Fidelity Series Real Estate Income Fund (a) 48 524 
TOTAL BOND FUNDS   
(Cost $28,232)  28,317 
Short-Term Funds - 1.7%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 1,475 1,475 
Fidelity Series Short-Term Credit Fund (a) 37 369 
TOTAL SHORT-TERM FUNDS   
(Cost $1,840)  1,844 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $113,878)  111,969 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $111,969 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $1,787 $-- $1,841 $-- $178 $(124) $-- 
Fidelity Series All-Sector Equity Fund 3,427 624 1,853 495 40 (235) 2,003 
Fidelity Series Blue Chip Growth Fund 3,543 701 777 475 22 119 3,608 
Fidelity Series Canada Fund 802 214 160 19 (1) 13 868 
Fidelity Series Commodity Strategy Fund 2,300 1,551 225 152 (12) (277) 3,337 
Fidelity Series Emerging Markets Debt Fund 720 165 66 43 (6) (29) 784 
Fidelity Series Emerging Markets Fund -- 955 37 (2) 11 927 
Fidelity Series Emerging Markets Opportunities Fund 8,381 2,891 1,606 670 (57) (1,225) 8,384 
Fidelity Series Floating Rate High Income Fund 239 22 88 14 (1) (4) 168 
Fidelity Series Government Money Market Fund 2.50% 1,625 2,048 2,198 39 -- -- 1,475 
Fidelity Series Growth Company Fund 7,220 1,745 1,566 781 34 (119) 7,314 
Fidelity Series High Income Fund 1,519 99 755 98 (25) 842 
Fidelity Series Inflation-Protected Bond Index Fund 840 1,275 344 18 (4) 27 1,794 
Fidelity Series International Credit Fund 51 -- -- -- 59 
Fidelity Series International Growth Fund 8,098 1,217 791 519 (26) (407) 8,091 
Fidelity Series International Small Cap Fund 2,021 393 144 177 (2) (327) 1,941 
Fidelity Series International Value Fund 8,176 1,298 471 285 (970) 8,038 
Fidelity Series Intrinsic Opportunities Fund 8,600 1,752 562 708 (7) (797) 8,986 
Fidelity Series Investment Grade Bond Fund 16,810 2,800 2,150 546 (59) 307 17,708 
Fidelity Series Large Cap Stock Fund 7,747 1,373 1,110 801 (220) 7,794 
Fidelity Series Large Cap Value Index Fund 2,221 213 293 101 23 2,173 
Fidelity Series Long-Term Treasury Bond Index Fund 2,462 4,858 1,140 153 (43) 301 6,438 
Fidelity Series Opportunistic Insights Fund 3,883 639 620 339 22 3,933 
Fidelity Series Real Estate Equity Fund 666 699 (40) 65 -- 
Fidelity Series Real Estate Income Fund 475 45 36 -- 10 524 
Fidelity Series Short-Term Credit Fund 345 512 493 12 (3) 369 
Fidelity Series Small Cap Discovery Fund 1,056 205 109 132 (11) (87) 1,054 
Fidelity Series Small Cap Opportunities Fund 3,227 724 566 371 (22) (135) 3,228 
Fidelity Series Stock Selector Large Cap Value Fund 6,050 771 703 499 (14) (182) 5,922 
Fidelity Series Value Discovery Fund 4,300 447 436 250 (2) (102) 4,207 
Total $108,591 $29,553 $21,809 $7,747 $(36) $(4,330) $111,969 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $113,878) $111,969  
Total Investment in Securities (cost $113,878)  $111,969 
Receivable for investments sold  1,593 
Total assets  113,562 
Liabilities   
Payable for investments purchased $1,593  
Total liabilities  1,593 
Net Assets  $111,969 
Net Assets consist of:   
Paid in capital  $110,466 
Total distributable earnings (loss)  1,503 
Net Assets, for 11,055 shares outstanding  $111,969 
Net Asset Value, offering price and redemption price per share ($111,969 ÷ 11,055 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,534 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,533 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (36)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,213  
Total net realized gain (loss)  5,177 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (4,330)  
Total change in net unrealized appreciation (depreciation)  (4,330) 
Net gain (loss)  847 
Net increase (decrease) in net assets resulting from operations  $3,380 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,533 $1,849 
Net realized gain (loss) 5,177 4,320 
Change in net unrealized appreciation (depreciation) (4,330) 2,421 
Net increase (decrease) in net assets resulting from operations 3,380 8,590 
Distributions to shareholders (7,326) – 
Distributions to shareholders from net investment income – (1,650) 
Distributions to shareholders from net realized gain – (1,490) 
Total distributions (7,326) (3,140) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,325 3,140 
Net increase (decrease) in net assets resulting from share transactions 7,325 103,140 
Total increase (decrease) in net assets 3,379 108,590 
Net Assets   
Beginning of period 108,590 – 
End of period $111,969 $108,590 
Other Information   
Undistributed net investment income end of period  $199 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 758 297 
Net increase (decrease) 758 10,297 

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


Financial Highlights

Fidelity Flex Freedom 2030 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.55 $10.00 
Income from Investment Operations   
Net investment income (loss)B .24 .18 
Net realized and unrealized gain (loss) .04 .68 
Total from investment operations .28 .86 
Distributions from net investment income (.24) (.17) 
Distributions from net realized gain (.46) (.15) 
Total distributions (.70) (.31)C 
Net asset value, end of period $10.13 $10.55 
Total ReturnD 3.09% 8.63% 
Ratios to Average Net AssetsE,F   
Expenses before reductions - %G - %H 
Expenses net of fee waivers, if any - %G - %H 
Expenses net of all reductions - %G - %H 
Net investment income (loss) 2.32% 2.15%H 
Supplemental Data   
Net assets, end of period (000 omitted) $112 $109 
Portfolio turnover rateE 20% 15%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.31 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.149 per share.

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

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

 F 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.

 G Amount represents less than .005%.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 9.8 
Fidelity Series International Growth Fund 8.5 
Fidelity Series International Value Fund 8.5 
Fidelity Series Emerging Markets Opportunities Fund 8.5 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Growth Company Fund 7.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Opportunistic Insights Fund 4.3 
 72.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.6% 
   International Equity Funds 29.4% 
   Bond Funds 11.3% 
   Short-Term Funds 1.7% 


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

Fidelity Flex℠ Freedom 2035 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 57.6%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 255 $2,455 
Fidelity Series Blue Chip Growth Fund (a) 300 4,428 
Fidelity Series Commodity Strategy Fund (a) 704 3,359 
Fidelity Series Growth Company Fund (a) 530 8,966 
Fidelity Series Intrinsic Opportunities Fund (a) 670 11,016 
Fidelity Series Large Cap Stock Fund (a) 652 9,550 
Fidelity Series Large Cap Value Index Fund (a) 215 2,669 
Fidelity Series Opportunistic Insights Fund (a) 276 4,822 
Fidelity Series Small Cap Discovery Fund (a) 117 1,296 
Fidelity Series Small Cap Opportunities Fund (a) 294 3,958 
Fidelity Series Stock Selector Large Cap Value Fund (a) 616 7,274 
Fidelity Series Value Discovery Fund (a) 411 5,137 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,162)  64,930 
International Equity Funds - 29.4%   
Fidelity Series Canada Fund (a) 100 1,034 
Fidelity Series Emerging Markets Fund (a) 108 1,056 
Fidelity Series Emerging Markets Opportunities Fund (a) 515 9,551 
Fidelity Series International Growth Fund (a) 634 9,635 
Fidelity Series International Small Cap Fund (a) 149 2,311 
Fidelity Series International Value Fund (a) 1,029 9,573 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $34,485)  33,160 
Bond Funds - 11.3%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 848 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 338 
Fidelity Series International Credit Fund (a) 48 
Fidelity Series Investment Grade Bond Fund (a) 321 3,587 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 731 6,480 
Fidelity Series Real Estate Income Fund (a) 48 529 
TOTAL BOND FUNDS   
(Cost $12,603)  12,788 
Short-Term Funds - 1.7%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 1,485 1,485 
Fidelity Series Short-Term Credit Fund (a) 37 372 
TOTAL SHORT-TERM FUNDS   
(Cost $1,855)  1,857 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,105)  112,735 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,736 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,123 $-- $2,195 $-- $218 $(146) $-- 
Fidelity Series All-Sector Equity Fund 4,071 695 2,068 599 59 (302) 2,455 
Fidelity Series Blue Chip Growth Fund 4,208 942 864 588 -- 142 4,428 
Fidelity Series Canada Fund 938 230 147 22 (3) 16 1,034 
Fidelity Series Commodity Strategy Fund 2,284 1,634 265 155 (17) (277) 3,359 
Fidelity Series Emerging Markets Debt Fund 710 207 95 42 (6) (27) 789 
Fidelity Series Emerging Markets Fund -- 1,091 43 (3) 11 1,056 
Fidelity Series Emerging Markets Opportunities Fund 9,789 3,368 2,122 759 (45) (1,439) 9,551 
Fidelity Series Floating Rate High Income Fund 239 27 89 14 (1) (7) 169 
Fidelity Series Government Money Market Fund 2.50% 1,785 1,519 1,819 38 -- -- 1,485 
Fidelity Series Growth Company Fund 8,679 1,996 1,575 948 (143) 8,966 
Fidelity Series High Income Fund 1,509 98 738 98 (24) 848 
Fidelity Series Inflation-Protected Bond Index Fund 881 70 621 (8) 16 338 
Fidelity Series International Credit Fund 52 -- -- 48 
Fidelity Series International Growth Fund 9,425 1,675 936 615 (35) (494) 9,635 
Fidelity Series International Small Cap Fund 2,352 440 89 210 (1) (391) 2,311 
Fidelity Series International Value Fund 9,564 1,669 504 338 (3) (1,153) 9,573 
Fidelity Series Intrinsic Opportunities Fund 10,294 2,254 537 863 (23) (972) 11,016 
Fidelity Series Investment Grade Bond Fund 3,132 2,341 1,942 88 (55) 111 3,587 
Fidelity Series Large Cap Stock Fund 9,204 1,619 990 967 (2) (281) 9,550 
Fidelity Series Large Cap Value Index Fund 2,636 233 232 123 29 2,669 
Fidelity Series Long-Term Treasury Bond Index Fund 2,455 5,070 1,297 156 (46) 298 6,480 
Fidelity Series Opportunistic Insights Fund 4,611 701 524 405 31 4,822 
Fidelity Series Real Estate Equity Fund 786 65 885 (42) 76 -- 
Fidelity Series Real Estate Income Fund 465 60 36 -- 10 529 
Fidelity Series Short-Term Credit Fund 349 388 370 11 (2) 372 
Fidelity Series Small Cap Discovery Fund 1,238 255 74 159 (9) (114) 1,296 
Fidelity Series Small Cap Opportunities Fund 3,810 838 482 452 (25) (183) 3,958 
Fidelity Series Stock Selector Large Cap Value Fund 7,097 1,021 587 608 (8) (249) 7,274 
Fidelity Series Value Discovery Fund 5,065 536 324 304 (4) (136) 5,137 
Total $109,751 $31,044 $22,426 $8,619 $(70) $(5,564) $112,735 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,105) $112,735  
Total Investment in Securities (cost $115,105)  $112,735 
Receivable for investments sold  1,683 
Total assets  114,418 
Liabilities   
Payable for investments purchased $1,682  
Total liabilities  1,682 
Net Assets  $112,736 
Net Assets consist of:   
Paid in capital  $111,059 
Total distributable earnings (loss)  1,677 
Net Assets, for 11,112 shares outstanding  $112,736 
Net Asset Value, offering price and redemption price per share ($112,736 ÷ 11,112 shares)  $10.15 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,380 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,379 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (70)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,239  
Total net realized gain (loss)  6,169 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (5,564)  
Total change in net unrealized appreciation (depreciation)  (5,564) 
Net gain (loss)  605 
Net increase (decrease) in net assets resulting from operations  $2,984 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,379 $1,753 
Net realized gain (loss) 6,169 4,805 
Change in net unrealized appreciation (depreciation) (5,564) 3,194 
Net increase (decrease) in net assets resulting from operations 2,984 9,752 
Distributions to shareholders (7,779) – 
Distributions to shareholders from net investment income – (1,640) 
Distributions to shareholders from net realized gain – (1,640) 
Total distributions (7,779) (3,280) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,779 3,280 
Net increase (decrease) in net assets resulting from share transactions 7,779 103,280 
Total increase (decrease) in net assets 2,984 109,752 
Net Assets   
Beginning of period 109,752 – 
End of period $112,736 $109,752 
Other Information   
Undistributed net investment income end of period  $113 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 805 307 
Net increase (decrease) 805 10,307 

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


Financial Highlights

Fidelity Flex Freedom 2035 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.65 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) .02 .81 
Total from investment operations .24 .98 
Distributions from net investment income (.22) (.16) 
Distributions from net realized gain (.52) (.16) 
Total distributions (.74) (.33)C 
Net asset value, end of period $10.15 $10.65 
Total ReturnD 2.75% 9.77% 
Ratios to Average Net AssetsE,F   
Expenses before reductions - %G - %H 
Expenses net of fee waivers, if any - %G - %H 
Expenses net of all reductions - %G - %H 
Net investment income (loss) 2.16% 2.02%H 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateF 20% 14%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.33 per share is comprised of distributions from net investment income of $.164 and distributions from net realized gain of $.164 per share.

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

 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 Amounts do not include the activity of the Underlying Funds.

 G Amount represents less than .005%.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.4 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series International Growth Fund 9.0 
Fidelity Series International Value Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.5 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.9 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.2 
 75.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 31.0% 
   Bond Funds 6.8% 
   Short-Term Funds 0.9% 


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

Fidelity Flex℠ Freedom 2040 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 272 $2,621 
Fidelity Series Blue Chip Growth Fund (a) 320 4,723 
Fidelity Series Commodity Strategy Fund (a) 704 3,356 
Fidelity Series Growth Company Fund (a) 566 9,575 
Fidelity Series Intrinsic Opportunities Fund (a) 715 11,763 
Fidelity Series Large Cap Stock Fund (a) 696 10,196 
Fidelity Series Large Cap Value Index Fund (a) 229 2,844 
Fidelity Series Opportunistic Insights Fund (a) 295 5,149 
Fidelity Series Small Cap Discovery Fund (a) 124 1,377 
Fidelity Series Small Cap Opportunities Fund (a) 314 4,226 
Fidelity Series Stock Selector Large Cap Value Fund (a) 658 7,766 
Fidelity Series Value Discovery Fund (a) 440 5,500 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,486)  69,096 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (a) 106 1,094 
Fidelity Series Emerging Markets Fund (a) 113 1,103 
Fidelity Series Emerging Markets Opportunities Fund (a) 538 9,972 
Fidelity Series International Growth Fund (a) 671 10,196 
Fidelity Series International Small Cap Fund (a) 157 2,446 
Fidelity Series International Value Fund (a) 1,089 10,129 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,361)  34,940 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 847 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 337 
Fidelity Series International Credit Fund (a) 48 
Fidelity Series Investment Grade Bond Fund (a) 86 957 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449 3,984 
Fidelity Series Real Estate Income Fund (a) 48 528 
TOTAL BOND FUNDS   
(Cost $7,617)  7,659 
Short-Term Funds - 0.9%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 783 783 
Fidelity Series Short-Term Credit Fund (a) 20 196 
TOTAL SHORT-TERM FUNDS   
(Cost $977)  979 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,441)  112,674 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,674 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,185 $-- $2,280 $-- $246 $(151) $-- 
Fidelity Series All-Sector Equity Fund 4,191 781 2,089 636 75 (337) 2,621 
Fidelity Series Blue Chip Growth Fund 4,332 1,054 810 609 (8) 155 4,723 
Fidelity Series Canada Fund 964 262 147 22 (4) 19 1,094 
Fidelity Series Commodity Strategy Fund 2,285 1,802 421 164 (35) (275) 3,356 
Fidelity Series Emerging Markets Debt Fund 710 166 53 42 (4) (30) 789 
Fidelity Series Emerging Markets Fund -- 1,136 42 (3) 12 1,103 
Fidelity Series Emerging Markets Opportunities Fund 9,958 3,624 2,081 786 (66) (1,463) 9,972 
Fidelity Series Floating Rate High Income Fund 239 17 82 14 (1) (4) 169 
Fidelity Series Government Money Market Fund 2.50% 1,770 2,073 3,060 27 -- -- 783 
Fidelity Series Growth Company Fund 8,882 2,167 1,324 1,003 (13) (137) 9,575 
Fidelity Series High Income Fund 1,530 96 759 97 (24) 847 
Fidelity Series Inflation-Protected Bond Index Fund 906 112 686 (12) 17 337 
Fidelity Series International Credit Fund 34 14 -- -- -- 48 
Fidelity Series International Growth Fund 9,706 1,865 808 650 (28) (539) 10,196 
Fidelity Series International Small Cap Fund 2,422 548 115 220 (3) (406) 2,446 
Fidelity Series International Value Fund 9,825 1,934 419 353 (2) (1,209) 10,129 
Fidelity Series Intrinsic Opportunities Fund 10,607 2,730 518 904 (20) (1,036) 11,763 
Fidelity Series Investment Grade Bond Fund 523 615 201 20 (3) 23 957 
Fidelity Series Large Cap Stock Fund 9,473 1,871 834 1,015 (12) (302) 10,196 
Fidelity Series Large Cap Value Index Fund 2,707 330 223 130 (1) 31 2,844 
Fidelity Series Long-Term Treasury Bond Index Fund 2,486 2,997 1,650 108 (40) 191 3,984 
Fidelity Series Opportunistic Insights Fund 4,882 806 567 430 (1) 29 5,149 
Fidelity Series Real Estate Equity Fund 801 83 920 13 (42) 78 -- 
Fidelity Series Real Estate Income Fund 465 61 37 -- 528 
Fidelity Series Short-Term Credit Fund 349 566 722 (3) 196 
Fidelity Series Small Cap Discovery Fund 1,292 313 98 167 (9) (121) 1,377 
Fidelity Series Small Cap Opportunities Fund 3,899 1,000 449 472 (24) (200) 4,226 
Fidelity Series Stock Selector Large Cap Value Fund 7,276 1,328 555 641 (9) (274) 7,766 
Fidelity Series Value Discovery Fund 5,185 870 401 321 (8) (146) 5,500 
Total $109,884 $31,221 $22,321 $8,901 $(54) $(6,056) $112,674 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,441) $112,674  
Total Investment in Securities (cost $115,441)  $112,674 
Receivable for investments sold  1,861 
Total assets  114,535 
Liabilities   
Payable for investments purchased $1,861  
Total liabilities  1,861 
Net Assets  $112,674 
Net Assets consist of:   
Paid in capital  $111,176 
Total distributable earnings (loss)  1,498 
Net Assets, for 11,127 shares outstanding  $112,674 
Net Asset Value, offering price and redemption price per share ($112,674 ÷ 11,127 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,346 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,345 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (54)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,555  
Total net realized gain (loss)  6,501 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (6,056)  
Total change in net unrealized appreciation (depreciation)  (6,056) 
Net gain (loss)  445 
Net increase (decrease) in net assets resulting from operations  $2,790 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,345 $1,742 
Net realized gain (loss) 6,501 4,853 
Change in net unrealized appreciation (depreciation) (6,056) 3,289 
Net increase (decrease) in net assets resulting from operations 2,790 9,884 
Distributions to shareholders (7,876) – 
Distributions to shareholders from net investment income – (1,650) 
Distributions to shareholders from net realized gain – (1,650) 
Total distributions (7,876) (3,300) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,876 3,300 
Net increase (decrease) in net assets resulting from share transactions 7,876 103,300 
Total increase (decrease) in net assets 2,790 109,884 
Net Assets   
Beginning of period 109,884 – 
End of period $112,674 $109,884 
Other Information   
Undistributed net investment income end of period  $92 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 818 309 
Net increase (decrease) 818 10,309 

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


Financial Highlights

Fidelity Flex Freedom 2040 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) C .82 
Total from investment operations .22 .99 
Distributions from net investment income (.22) (.17) 
Distributions from net realized gain (.53) (.17) 
Total distributions (.75) (.33)D 
Net asset value, end of period $10.13 $10.66 
Total ReturnE 2.57% 9.89% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.13% 2.01%I 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateG 20% 13%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.33 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.165 per share.

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

 F 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.

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

 H Amount represents less than .005%.

 I 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.4 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series International Growth Fund 9.0 
Fidelity Series International Value Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.5 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.9 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.2 
 75.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 31.0% 
   Bond Funds 6.8% 
   Short-Term Funds 0.9% 


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

Fidelity Flex℠ Freedom 2045 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 272 $2,621 
Fidelity Series Blue Chip Growth Fund (a) 321 4,733 
Fidelity Series Commodity Strategy Fund (a) 704 3,356 
Fidelity Series Growth Company Fund (a) 566 9,575 
Fidelity Series Intrinsic Opportunities Fund (a) 715 11,764 
Fidelity Series Large Cap Stock Fund (a) 696 10,197 
Fidelity Series Large Cap Value Index Fund (a) 229 2,845 
Fidelity Series Opportunistic Insights Fund (a) 295 5,159 
Fidelity Series Small Cap Discovery Fund (a) 124 1,379 
Fidelity Series Small Cap Opportunities Fund (a) 314 4,227 
Fidelity Series Stock Selector Large Cap Value Fund (a) 657 7,748 
Fidelity Series Value Discovery Fund (a) 440 5,501 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,481)  69,105 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (a) 106 1,094 
Fidelity Series Emerging Markets Fund (a) 113 1,103 
Fidelity Series Emerging Markets Opportunities Fund (a) 538 9,973 
Fidelity Series International Growth Fund (a) 671 10,197 
Fidelity Series International Small Cap Fund (a) 157 2,446 
Fidelity Series International Value Fund (a) 1,089 10,131 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,367)  34,944 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 848 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 337 
Fidelity Series International Credit Fund (a) 48 
Fidelity Series Investment Grade Bond Fund (a) 86 957 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449 3,985 
Fidelity Series Real Estate Income Fund (a) 48 528 
TOTAL BOND FUNDS   
(Cost $7,618)  7,661 
Short-Term Funds - 0.9%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 783 783 
Fidelity Series Short-Term Credit Fund (a) 20 196 
TOTAL SHORT-TERM FUNDS   
(Cost $977)  979 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,443)  112,689 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,691 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,185 $-- $2,282 $-- $248 $(151) $-- 
Fidelity Series All-Sector Equity Fund 4,192 776 2,084 635 76 (339) 2,621 
Fidelity Series Blue Chip Growth Fund 4,333 975 726 607 (10) 161 4,733 
Fidelity Series Canada Fund 964 261 145 22 (4) 18 1,094 
Fidelity Series Commodity Strategy Fund 2,288 1,794 419 164 (35) (272) 3,356 
Fidelity Series Emerging Markets Debt Fund 700 164 42 41 (3) (30) 789 
Fidelity Series Emerging Markets Fund -- 1,136 42 (3) 12 1,103 
Fidelity Series Emerging Markets Opportunities Fund 9,968 3,614 2,080 786 (64) (1,465) 9,973 
Fidelity Series Floating Rate High Income Fund 250 16 92 15 (1) (4) 169 
Fidelity Series Government Money Market Fund 2.50% 1,767 2,114 3,098 27 -- -- 783 
Fidelity Series Growth Company Fund 9,195 2,165 1,634 1,004 (155) 9,575 
Fidelity Series High Income Fund 1,519 98 749 97 (24) 848 
Fidelity Series Inflation-Protected Bond Index Fund 907 106 681 (12) 17 337 
Fidelity Series International Credit Fund 34 14 -- -- -- 48 
Fidelity Series International Growth Fund 9,708 1,873 818 650 (27) (539) 10,197 
Fidelity Series International Small Cap Fund 2,422 556 122 221 (3) (407) 2,446 
Fidelity Series International Value Fund 9,827 1,946 431 353 (2) (1,209) 10,131 
Fidelity Series Intrinsic Opportunities Fund 10,448 2,894 517 904 (20) (1,041) 11,764 
Fidelity Series Investment Grade Bond Fund 524 611 198 20 (3) 23 957 
Fidelity Series Large Cap Stock Fund 9,478 1,849 819 1,015 (10) (301) 10,197 
Fidelity Series Large Cap Value Index Fund 2,717 334 236 130 (2) 32 2,845 
Fidelity Series Long-Term Treasury Bond Index Fund 2,487 2,985 1,637 108 (42) 192 3,985 
Fidelity Series Opportunistic Insights Fund 4,748 887 489 436 (9) 22 5,159 
Fidelity Series Real Estate Equity Fund 783 100 920 13 (39) 76 -- 
Fidelity Series Real Estate Income Fund 465 60 36 -- 10 528 
Fidelity Series Short-Term Credit Fund 349 574 730 (3) 196 
Fidelity Series Small Cap Discovery Fund 1,267 364 127 166 (9) (116) 1,379 
Fidelity Series Small Cap Opportunities Fund 3,900 991 438 472 (24) (202) 4,227 
Fidelity Series Stock Selector Large Cap Value Fund 7,305 1,277 551 641 (13) (270) 7,748 
Fidelity Series Value Discovery Fund 5,174 890 408 321 (8) (147) 5,501 
Total $109,904 $31,424 $22,522 $8,905 $(42) $(6,075) $112,689 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,443) $112,689  
Total Investment in Securities (cost $115,443)  $112,689 
Receivable for investments sold  1,808 
Total assets  114,497 
Liabilities   
Payable for investments purchased $1,806  
Total liabilities  1,806 
Net Assets  $112,691 
Net Assets consist of:   
Paid in capital  $111,176 
Total distributable earnings (loss)  1,515 
Net Assets, for 11,127 shares outstanding  $112,691 
Net Asset Value, offering price and redemption price per share ($112,691 ÷ 11,127 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,346 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,345 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (42)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,559  
Total net realized gain (loss)  6,517 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (6,075)  
Total change in net unrealized appreciation (depreciation)  (6,075) 
Net gain (loss)  442 
Net increase (decrease) in net assets resulting from operations  $2,787 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,345 $1,740 
Net realized gain (loss) 6,517 4,843 
Change in net unrealized appreciation (depreciation) (6,075) 3,321 
Net increase (decrease) in net assets resulting from operations 2,787 9,904 
Distributions to shareholders (7,856) – 
Distributions to shareholders from net investment income – (1,660) 
Distributions to shareholders from net realized gain – (1,660) 
Total distributions (7,856) (3,320) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,856 3,320 
Net increase (decrease) in net assets resulting from share transactions 7,856 103,320 
Total increase (decrease) in net assets 2,787 109,904 
Net Assets   
Beginning of period 109,904 – 
End of period $112,691 $109,904 
Other Information   
Undistributed net investment income end of period  $80 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 816 311 
Net increase (decrease) 816 10,311 

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


Financial Highlights

Fidelity Flex Freedom 2045 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) C .82 
Total from investment operations .22 .99 
Distributions from net investment income (.22) (.17) 
Distributions from net realized gain (.53) (.17) 
Total distributions (.75) (.33)D 
Net asset value, end of period $10.13 $10.66 
Total ReturnE 2.55% 9.91% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.13% 2.00%I 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateG 20% 13%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.33 per share is comprised of distributions from net investment income of $.166 and distributions from net realized gain of $.166 per share.

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

 F 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.

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

 H Amount represents less than .005%.

 I 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.4 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series International Growth Fund 9.0 
Fidelity Series International Value Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.5 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.9 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.2 
 75.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 31.0% 
   Bond Funds 6.8% 
   Short-Term Funds 0.9% 


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

Fidelity Flex℠ Freedom 2050 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 272 $2,621 
Fidelity Series Blue Chip Growth Fund (a) 320 4,724 
Fidelity Series Commodity Strategy Fund (a) 704 3,356 
Fidelity Series Growth Company Fund (a) 566 9,575 
Fidelity Series Intrinsic Opportunities Fund (a) 715 11,762 
Fidelity Series Large Cap Stock Fund (a) 696 10,196 
Fidelity Series Large Cap Value Index Fund (a) 229 2,845 
Fidelity Series Opportunistic Insights Fund (a) 295 5,149 
Fidelity Series Small Cap Discovery Fund (a) 124 1,377 
Fidelity Series Small Cap Opportunities Fund (a) 314 4,226 
Fidelity Series Stock Selector Large Cap Value Fund (a) 658 7,766 
Fidelity Series Value Discovery Fund (a) 440 5,500 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,468)  69,097 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (a) 106 1,094 
Fidelity Series Emerging Markets Fund (a) 113 1,103 
Fidelity Series Emerging Markets Opportunities Fund (a) 538 9,972 
Fidelity Series International Growth Fund (a) 671 10,196 
Fidelity Series International Small Cap Fund (a) 157 2,446 
Fidelity Series International Value Fund (a) 1,089 10,130 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,369)  34,941 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 847 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 337 
Fidelity Series International Credit Fund (a) 48 
Fidelity Series Investment Grade Bond Fund (a) 86 957 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449 3,984 
Fidelity Series Real Estate Income Fund (a) 48 528 
TOTAL BOND FUNDS   
(Cost $7,620)  7,659 
Short-Term Funds - 0.9%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 783 783 
Fidelity Series Short-Term Credit Fund (a) 20 196 
TOTAL SHORT-TERM FUNDS   
(Cost $977)  979 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,434)  112,676 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,676 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,186 $-- $2,281 $-- $244 $(149) $-- 
Fidelity Series All-Sector Equity Fund 4,192 777 2,082 636 72 (338) 2,621 
Fidelity Series Blue Chip Growth Fund 4,332 1,054 809 609 (7) 154 4,724 
Fidelity Series Canada Fund 947 246 113 22 (3) 17 1,094 
Fidelity Series Commodity Strategy Fund 2,285 1,799 418 164 (35) (275) 3,356 
Fidelity Series Emerging Markets Debt Fund 700 164 42 41 (3) (30) 789 
Fidelity Series Emerging Markets Fund -- 1,136 42 (3) 12 1,103 
Fidelity Series Emerging Markets Opportunities Fund 9,967 3,594 2,060 786 (63) (1,466) 9,972 
Fidelity Series Floating Rate High Income Fund 250 16 92 15 (1) (4) 169 
Fidelity Series Government Money Market Fund 2.50% 1,761 2,129 3,107 27 -- -- 783 
Fidelity Series Growth Company Fund 9,024 2,166 1,457 1,003 (15) (143) 9,575 
Fidelity Series High Income Fund 1,519 97 749 97 (24) 847 
Fidelity Series Inflation-Protected Bond Index Fund 907 110 686 (11) 17 337 
Fidelity Series International Credit Fund 34 14 -- -- -- 48 
Fidelity Series International Growth Fund 9,706 1,891 836 649 (26) (539) 10,196 
Fidelity Series International Small Cap Fund 2,422 522 88 220 (1) (409) 2,446 
Fidelity Series International Value Fund 9,852 1,943 453 354 (2) (1,210) 10,130 
Fidelity Series Intrinsic Opportunities Fund 10,562 2,775 517 904 (20) (1,038) 11,762 
Fidelity Series Investment Grade Bond Fund 524 606 193 20 (3) 23 957 
Fidelity Series Large Cap Stock Fund 9,477 1,899 869 1,015 (9) (302) 10,196 
Fidelity Series Large Cap Value Index Fund 2,699 351 235 130 (1) 31 2,845 
Fidelity Series Long-Term Treasury Bond Index Fund 2,486 2,977 1,629 108 (39) 189 3,984 
Fidelity Series Opportunistic Insights Fund 4,748 814 439 429 (5) 31 5,149 
Fidelity Series Real Estate Equity Fund 801 75 912 13 (42) 78 -- 
Fidelity Series Real Estate Income Fund 465 60 36 -- 10 528 
Fidelity Series Short-Term Credit Fund 349 581 737 (3) 196 
Fidelity Series Small Cap Discovery Fund 1,292 310 96 167 (9) (120) 1,377 
Fidelity Series Small Cap Opportunities Fund 3,947 976 478 472 (19) (200) 4,226 
Fidelity Series Stock Selector Large Cap Value Fund 7,400 1,188 542 641 (16) (264) 7,766 
Fidelity Series Value Discovery Fund 5,060 1,003 406 322 (7) (150) 5,500 
Total $109,894 $31,273 $22,375 $8,900 $(51) $(6,065) $112,676 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,434) $112,676  
Total Investment in Securities (cost $115,434)  $112,676 
Receivable for investments sold  1,814 
Total assets  114,490 
Liabilities   
Payable for investments purchased $1,814  
Total liabilities  1,814 
Net Assets  $112,676 
Net Assets consist of:   
Paid in capital  $111,156 
Total distributable earnings (loss)  1,520 
Net Assets, for 11,125 shares outstanding  $112,676 
Net Asset Value, offering price and redemption price per share ($112,676 ÷ 11,125 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,345 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,344 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (51)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,555  
Total net realized gain (loss)  6,504 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (6,065)  
Total change in net unrealized appreciation (depreciation)  (6,065) 
Net gain (loss)  439 
Net increase (decrease) in net assets resulting from operations  $2,783 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,344 $1,740 
Net realized gain (loss) 6,504 4,846 
Change in net unrealized appreciation (depreciation) (6,065) 3,307 
Net increase (decrease) in net assets resulting from operations 2,783 9,893 
Distributions to shareholders (7,855) – 
Distributions to shareholders from net investment income – (1,660) 
Distributions to shareholders from net realized gain – (1,640) 
Total distributions (7,855) (3,300) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,855 3,300 
Net increase (decrease) in net assets resulting from share transactions 7,855 103,300 
Total increase (decrease) in net assets 2,783 109,893 
Net Assets   
Beginning of period 109,893 – 
End of period $112,676 $109,893 
Other Information   
Undistributed net investment income end of period  $80 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 816 309 
Net increase (decrease) 816 10,309 

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


Financial Highlights

Fidelity Flex Freedom 2050 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) C .82 
Total from investment operations .22 .99 
Distributions from net investment income (.22) (.17) 
Distributions from net realized gain (.53) (.16) 
Total distributions (.75) (.33) 
Net asset value, end of period $10.13 $10.66 
Total ReturnD 2.55% 9.89% 
Ratios to Average Net AssetsE,F   
Expenses before reductions - %G - %H 
Expenses net of fee waivers, if any - %G - %H 
Expenses net of all reductions - %G - %H 
Net investment income (loss) 2.13% 2.00%H 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateE 20% 13%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 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 Amounts do not include the activity of the Underlying Funds.

 F 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.

 G Amount represents less than .005%.

 H 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.4 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series International Growth Fund 9.0 
Fidelity Series International Value Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.5 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.9 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.2 
 75.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 31.0% 
   Bond Funds 6.8% 
   Short-Term Funds 0.9% 


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

Fidelity Flex℠ Freedom 2055 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 272 $2,621 
Fidelity Series Blue Chip Growth Fund (a) 320 4,724 
Fidelity Series Commodity Strategy Fund (a) 704 3,356 
Fidelity Series Growth Company Fund (a) 566 9,575 
Fidelity Series Intrinsic Opportunities Fund (a) 715 11,763 
Fidelity Series Large Cap Stock Fund (a) 697 10,208 
Fidelity Series Large Cap Value Index Fund (a) 229 2,845 
Fidelity Series Opportunistic Insights Fund (a) 295 5,160 
Fidelity Series Small Cap Discovery Fund (a) 124 1,377 
Fidelity Series Small Cap Opportunities Fund (a) 315 4,238 
Fidelity Series Stock Selector Large Cap Value Fund (a) 656 7,736 
Fidelity Series Value Discovery Fund (a) 440 5,501 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,489)  69,104 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (a) 106 1,094 
Fidelity Series Emerging Markets Fund (a) 113 1,103 
Fidelity Series Emerging Markets Opportunities Fund (a) 538 9,975 
Fidelity Series International Growth Fund (a) 671 10,198 
Fidelity Series International Small Cap Fund (a) 157 2,446 
Fidelity Series International Value Fund (a) 1,089 10,131 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,371)  34,947 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 849 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 339 
Fidelity Series International Credit Fund (a) 36 
Fidelity Series Investment Grade Bond Fund (a) 86 958 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449 3,987 
Fidelity Series Real Estate Income Fund (a) 49 530 
TOTAL BOND FUNDS   
(Cost $7,617)  7,657 
Short-Term Funds - 0.9%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 784 784 
Fidelity Series Short-Term Credit Fund (a) 20 197 
TOTAL SHORT-TERM FUNDS   
(Cost $979)  981 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,456)  112,689 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,691 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,186 $-- $2,282 $-- $245 $(149) $-- 
Fidelity Series All-Sector Equity Fund 4,192 781 2,090 633 75 (337) 2,621 
Fidelity Series Blue Chip Growth Fund 4,332 990 750 606 (6) 158 4,724 
Fidelity Series Canada Fund 964 246 131 22 (4) 19 1,094 
Fidelity Series Commodity Strategy Fund 2,289 1,795 418 164 (35) (275) 3,356 
Fidelity Series Emerging Markets Debt Fund 690 162 30 41 (2) (31) 789 
Fidelity Series Emerging Markets Fund -- 1,135 43 (3) 14 1,103 
Fidelity Series Emerging Markets Opportunities Fund 9,972 3,581 2,049 786 (62) (1,467) 9,975 
Fidelity Series Floating Rate High Income Fund 250 15 91 15 (1) (4) 169 
Fidelity Series Government Money Market Fund 2.50% 1,759 2,200 3,175 28 -- -- 784 
Fidelity Series Growth Company Fund 9,180 2,195 1,648 1,004 (153) 9,575 
Fidelity Series High Income Fund 1,519 97 747 97 (24) 849 
Fidelity Series Inflation-Protected Bond Index Fund 910 120 697 (11) 17 339 
Fidelity Series International Credit Fund 34 -- -- -- 36 
Fidelity Series International Growth Fund 9,708 1,885 830 650 (26) (539) 10,198 
Fidelity Series International Small Cap Fund 2,422 536 102 221 (2) (408) 2,446 
Fidelity Series International Value Fund 9,834 1,958 449 354 (3) (1,209) 10,131 
Fidelity Series Intrinsic Opportunities Fund 10,472 2,906 553 904 (21) (1,041) 11,763 
Fidelity Series Investment Grade Bond Fund 524 609 195 20 (3) 23 958 
Fidelity Series Large Cap Stock Fund 9,478 1,913 862 1,018 (8) (313) 10,208 
Fidelity Series Large Cap Value Index Fund 2,717 337 239 130 (2) 32 2,845 
Fidelity Series Long-Term Treasury Bond Index Fund 2,489 2,904 1,556 108 (39) 189 3,987 
Fidelity Series Opportunistic Insights Fund 4,749 829 441 430 (6) 29 5,160 
Fidelity Series Real Estate Equity Fund 783 100 920 13 (39) 76 -- 
Fidelity Series Real Estate Income Fund 465 64 37 -- 530 
Fidelity Series Short-Term Credit Fund 350 595 751 (3) 197 
Fidelity Series Small Cap Discovery Fund 1,267 339 100 165 (9) (120) 1,377 
Fidelity Series Small Cap Opportunities Fund 3,900 1,006 449 472 (17) (202) 4,238 
Fidelity Series Stock Selector Large Cap Value Fund 7,305 1,276 562 641 (14) (269) 7,736 
Fidelity Series Value Discovery Fund 5,166 903 412 322 (8) (148) 5,501 
Total $109,906 $31,479 $22,580 $8,901 $(27) $(6,089) $112,689 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,456) $112,689  
Total Investment in Securities (cost $115,456)  $112,689 
Receivable for investments sold  1,829 
Total assets  114,518 
Liabilities   
Payable for investments purchased $1,827  
Total liabilities  1,827 
Net Assets  $112,691 
Net Assets consist of:   
Paid in capital  $111,177 
Total distributable earnings (loss)  1,514 
Net Assets, for 11,127 shares outstanding  $112,691 
Net Asset Value, offering price and redemption price per share ($112,691 ÷ 11,127 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,347 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,346 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (27)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,554  
Total net realized gain (loss)  6,527 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (6,089)  
Total change in net unrealized appreciation (depreciation)  (6,089) 
Net gain (loss)  438 
Net increase (decrease) in net assets resulting from operations  $2,784 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,346 $1,740 
Net realized gain (loss) 6,527 4,845 
Change in net unrealized appreciation (depreciation) (6,089) 3,322 
Net increase (decrease) in net assets resulting from operations 2,784 9,907 
Distributions to shareholders (7,866) – 
Distributions to shareholders from net investment income – (1,660) 
Distributions to shareholders from net realized gain – (1,650) 
Total distributions (7,866) (3,310) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,866 3,310 
Net increase (decrease) in net assets resulting from share transactions 7,866 103,310 
Total increase (decrease) in net assets 2,784 109,907 
Net Assets   
Beginning of period 109,907 – 
End of period $112,691 $109,907 
Other Information   
Undistributed net investment income end of period  $80 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 817 310 
Net increase (decrease) 817 10,310 

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


Financial Highlights

Fidelity Flex Freedom 2055 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) C .82 
Total from investment operations .22 .99 
Distributions from net investment income (.22) (.17) 
Distributions from net realized gain (.53) (.17) 
Total distributions (.75) (.33)D 
Net asset value, end of period $10.13 $10.66 
Total ReturnE 2.56% 9.90% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.13% 2.00%I 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateF 20% 13%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.33 per share is comprised of distributions from net investment income of $.166 and distributions from net realized gain of $.165 per share.

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

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

 G 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.

 H Amount represents less than .005%.

 I 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 March 31, 2019

 % of fund's net assets 
Fidelity Series Intrinsic Opportunities Fund 10.4 
Fidelity Series Large Cap Stock Fund 9.0 
Fidelity Series International Growth Fund 9.0 
Fidelity Series International Value Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Growth Company Fund 8.5 
Fidelity Series Stock Selector Large Cap Value Fund 6.9 
Fidelity Series Value Discovery Fund 4.9 
Fidelity Series Opportunistic Insights Fund 4.6 
Fidelity Series Blue Chip Growth Fund 4.2 
 75.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 61.3% 
   International Equity Funds 31.0% 
   Bond Funds 6.8% 
   Short-Term Funds 0.9% 


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

Fidelity Flex℠ Freedom 2060 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 61.3%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 272 $2,621 
Fidelity Series Blue Chip Growth Fund (a) 321 4,733 
Fidelity Series Commodity Strategy Fund (a) 704 3,356 
Fidelity Series Growth Company Fund (a) 566 9,574 
Fidelity Series Intrinsic Opportunities Fund (a) 715 11,763 
Fidelity Series Large Cap Stock Fund (a) 696 10,197 
Fidelity Series Large Cap Value Index Fund (a) 229 2,845 
Fidelity Series Opportunistic Insights Fund (a) 295 5,159 
Fidelity Series Small Cap Discovery Fund (a) 124 1,379 
Fidelity Series Small Cap Opportunities Fund (a) 314 4,226 
Fidelity Series Stock Selector Large Cap Value Fund (a) 657 7,748 
Fidelity Series Value Discovery Fund (a) 440 5,501 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,470)  69,102 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (a) 106 1,092 
Fidelity Series Emerging Markets Fund (a) 113 1,103 
Fidelity Series Emerging Markets Opportunities Fund (a) 538 9,975 
Fidelity Series International Growth Fund (a) 671 10,197 
Fidelity Series International Small Cap Fund (a) 158 2,451 
Fidelity Series International Value Fund (a) 1,089 10,128 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,372)  34,946 
Bond Funds - 6.8%   
Fidelity Series Emerging Markets Debt Fund (a) 82 789 
Fidelity Series Floating Rate High Income Fund (a) 18 169 
Fidelity Series High Income Fund (a) 90 849 
Fidelity Series Inflation-Protected Bond Index Fund (a) 35 339 
Fidelity Series International Credit Fund (a) 36 
Fidelity Series Investment Grade Bond Fund (a) 86 958 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 449 3,986 
Fidelity Series Real Estate Income Fund (a) 49 530 
TOTAL BOND FUNDS   
(Cost $7,617)  7,656 
Short-Term Funds - 0.9%   
Fidelity Series Government Money Market Fund 2.50% (a)(b) 784 784 
Fidelity Series Short-Term Credit Fund (a) 20 197 
TOTAL SHORT-TERM FUNDS   
(Cost $979)  981 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $115,438)  112,685 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $112,684 

Legend

 (a) Affiliated Fund

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

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

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 $2,207 $-- $2,303 $-- $245 $(149) $-- 
Fidelity Series All-Sector Equity Fund 4,192 792 2,089 639 70 (344) 2,621 
Fidelity Series Blue Chip Growth Fund 4,333 963 715 609 (7) 159 4,733 
Fidelity Series Canada Fund 964 250 135 23 (3) 16 1,092 
Fidelity Series Commodity Strategy Fund 2,301 1,782 417 164 (35) (275) 3,356 
Fidelity Series Emerging Markets Debt Fund 648 189 16 40 (1) (31) 789 
Fidelity Series Emerging Markets Fund -- 1,137 43 (3) 12 1,103 
Fidelity Series Emerging Markets Opportunities Fund 9,996 3,560 2,056 786 (56) (1,469) 9,975 
Fidelity Series Floating Rate High Income Fund 239 37 102 14 (1) (4) 169 
Fidelity Series Government Money Market Fund 2.50% 1,758 2,016 2,990 28 -- -- 784 
Fidelity Series Growth Company Fund 9,193 2,206 1,668 1,004 (7) (150) 9,574 
Fidelity Series High Income Fund 1,519 97 747 97 (24) 849 
Fidelity Series Inflation-Protected Bond Index Fund 914 115 696 (11) 17 339 
Fidelity Series International Credit Fund 49 15 -- -- 36 
Fidelity Series International Growth Fund 9,708 1,863 813 648 (29) (532) 10,197 
Fidelity Series International Small Cap Fund 2,422 507 67 221 (414) 2,451 
Fidelity Series International Value Fund 9,827 1,943 431 353 (1) (1,210) 10,128 
Fidelity Series Intrinsic Opportunities Fund 10,528 2,853 558 905 (20) (1,040) 11,763 
Fidelity Series Investment Grade Bond Fund 524 604 190 20 (3) 23 958 
Fidelity Series Large Cap Stock Fund 9,478 1,891 863 1,015 (8) (301) 10,197 
Fidelity Series Large Cap Value Index Fund 2,699 347 231 130 (1) 31 2,845 
Fidelity Series Long-Term Treasury Bond Index Fund 2,493 2,754 1,410 108 (39) 188 3,986 
Fidelity Series Opportunistic Insights Fund 4,749 910 513 436 (9) 22 5,159 
Fidelity Series Real Estate Equity Fund 805 78 920 13 (41) 78 -- 
Fidelity Series Real Estate Income Fund 465 71 15 37 -- 530 
Fidelity Series Short-Term Credit Fund 350 546 702 (3) 197 
Fidelity Series Small Cap Discovery Fund 1,267 349 108 166 (8) (121) 1,379 
Fidelity Series Small Cap Opportunities Fund 3,900 983 434 472 (24) (199) 4,226 
Fidelity Series Stock Selector Large Cap Value Fund 7,305 1,261 535 641 (14) (269) 7,748 
Fidelity Series Value Discovery Fund 5,072 981 395 322 (8) (149) 5,501 
Total $109,905 $31,087 $22,177 $8,911 $(38) $(6,092) $112,685 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $115,438) $112,685  
Total Investment in Securities (cost $115,438)  $112,685 
Receivable for investments sold  1,800 
Total assets  114,485 
Liabilities   
Payable for investments purchased $1,801  
Total liabilities  1,801 
Net Assets  $112,684 
Net Assets consist of:   
Paid in capital  $111,154 
Total distributable earnings (loss)  1,530 
Net Assets, for 11,125 shares outstanding  $112,684 
Net Asset Value, offering price and redemption price per share ($112,684 ÷ 11,125 shares)  $10.13 

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


Statement of Operations

  Year ended March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $2,346 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  2,345 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (38)  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,565  
Total net realized gain (loss)  6,527 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (6,092)  
Total change in net unrealized appreciation (depreciation)  (6,092) 
Net gain (loss)  435 
Net increase (decrease) in net assets resulting from operations  $2,780 

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


Statement of Changes in Net Assets

 Year ended March 31, 2019 For the period
June 8, 2017 (commencement of operations) to March 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,345 $1,740 
Net realized gain (loss) 6,527 4,826 
Change in net unrealized appreciation (depreciation) (6,092) 3,339 
Net increase (decrease) in net assets resulting from operations 2,780 9,905 
Distributions to shareholders (7,855) – 
Distributions to shareholders from net investment income – (1,650) 
Distributions to shareholders from net realized gain – (1,650) 
Total distributions (7,855) (3,300) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 7,854 3,300 
Net increase (decrease) in net assets resulting from share transactions 7,854 103,300 
Total increase (decrease) in net assets 2,779 109,905 
Net Assets   
Beginning of period 109,905 – 
End of period $112,684 $109,905 
Other Information   
Undistributed net investment income end of period  $90 
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 816 309 
Net increase (decrease) 816 10,309 

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


Financial Highlights

Fidelity Flex Freedom 2060 Fund

   
Years ended March 31, 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B .22 .17 
Net realized and unrealized gain (loss) C .82 
Total from investment operations .22 .99 
Distributions from net investment income (.22) (.17) 
Distributions from net realized gain (.53) (.17) 
Total distributions (.75) (.33)D 
Net asset value, end of period $10.13 $10.66 
Total ReturnE 2.55% 9.89% 
Ratios to Average Net AssetsF,G   
Expenses before reductions - %H - %I 
Expenses net of fee waivers, if any - %H - %I 
Expenses net of all reductions - %H - %I 
Net investment income (loss) 2.13% 2.00%I 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $110 
Portfolio turnover rateG 20% 13%I 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.33 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.165 per share.

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

 F 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.

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

 H Amount represents less than .005%.

 I Annualized

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


Notes to Financial Statements

For the period ended March 31, 2019

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). Certain Underlying Funds incurred name changes since their most recent shareholder report. The names of the Underlying Funds are those in effect at period end.

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. As of March 31, 2019, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. 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.

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 for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Flex Freedom Income Fund $107,611 $532 $(1,302) $(770) 
Fidelity Flex Freedom 2005 Fund 108,798 692 (1,617) (925) 
Fidelity Flex Freedom 2010 Fund 109,854 870 (1,960) (1,090) 
Fidelity Flex Freedom 2015 Fund 110,924 1,034 (2,337) (1,303) 
Fidelity Flex Freedom 2020 Fund 111,688 1,151 (2,631) (1,480) 
Fidelity Flex Freedom 2025 Fund 112,433 1,273 (2,946) (1,673) 
Fidelity Flex Freedom 2030 Fund 113,982 1,436 (3,449) (2,013) 
Fidelity Flex Freedom 2035 Fund 115,234 1,601 (4,100) (2,499) 
Fidelity Flex Freedom 2040 Fund 115,604 1,507 (4,437) (2,930) 
Fidelity Flex Freedom 2045 Fund 115,616 1,501 (4,428) (2,927) 
Fidelity Flex Freedom 2050 Fund 115,583 1,514 (4,421) (2,907) 
Fidelity Flex Freedom 2055 Fund 115,617 1,498 (4,426) (2,928) 
Fidelity Flex Freedom 2060 Fund 115,602 1,498 (4,415) (2,917) 

The tax-based components of distributable earnings as of period end were as follows for each Fund:

 Undistributed ordinary income Undistributed long-term capital gain Net unrealized appreciation (depreciation) on securities and other investments 
Fidelity Flex Freedom Income Fund $212 $674 $(770) 
Fidelity Flex Freedom 2005 Fund 488 1,070 (925) 
Fidelity Flex Freedom 2010 Fund 446 1,487 (1,090) 
Fidelity Flex Freedom 2015 Fund 385 1,943 (1,303) 
Fidelity Flex Freedom 2020 Fund 344 2,306 (1,480) 
Fidelity Flex Freedom 2025 Fund 291 2,683 (1,673) 
Fidelity Flex Freedom 2030 Fund 224 3,466 (2,013) 
Fidelity Flex Freedom 2035 Fund 117 4,225 (2,499) 
Fidelity Flex Freedom 2040 Fund 82 4,467 (2,930) 
Fidelity Flex Freedom 2045 Fund 80 4,458 (2,927) 
Fidelity Flex Freedom 2050 Fund 79 4,471 (2,907) 
Fidelity Flex Freedom 2055 Fund 82 4,463 (2,928) 
Fidelity Flex Freedom 2060 Fund 81 4,470 (2,917) 

Certain of the Funds intend to elect to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to March 31, 2019. Loss deferrals were as follows:

 Capital losses 
Fidelity Flex Freedom 2030 Fund $(173) 
Fidelity Flex Freedom 2035 Fund (166) 
Fidelity Flex Freedom 2040 Fund (121) 
Fidelity Flex Freedom 2045 Fund (97) 
Fidelity Flex Freedom 2050 Fund (122) 
Fidelity Flex Freedom 2055 Fund (103) 
Fidelity Flex Freedom 2060 Fund (103) 

The tax character of distributions paid was as follows:

March 31, 2019    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Flex Freedom Income Fund $3,186 $1,282 $4,468 
Fidelity Flex Freedom 2005 Fund 3,260 1,780 5,040 
Fidelity Flex Freedom 2010 Fund 3,283 2,228 5,511 
Fidelity Flex Freedom 2015 Fund 3,306 2,688 5,994 
Fidelity Flex Freedom 2020 Fund 3,294 3,013 6,307 
Fidelity Flex Freedom 2025 Fund 3,291 3,318 6,609 
Fidelity Flex Freedom 2030 Fund 3,363 3,963 7,326 
Fidelity Flex Freedom 2035 Fund 3,218 4,561 7,779 
Fidelity Flex Freedom 2040 Fund 3,199 4,677 7,876 
Fidelity Flex Freedom 2045 Fund 3,147 4,709 7,856 
Fidelity Flex Freedom 2050 Fund 3,189 4,666 7,855 
Fidelity Flex Freedom 2055 Fund 3,168 4,698 7,866 
Fidelity Flex Freedom 2060 Fund 3,168 4,687 7,855 

March 31, 2018(a)    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Flex Freedom Income Fund $1,973 $282 $2,255 
Fidelity Flex Freedom 2005 Fund 1,800 400 2,200 
Fidelity Flex Freedom 2010 Fund 1,900 510 2,410 
Fidelity Flex Freedom 2015 Fund 1,980 620 2,600 
Fidelity Flex Freedom 2020 Fund 2,030 700 2,730 
Fidelity Flex Freedom 2025 Fund 2,080 770 2,850 
Fidelity Flex Freedom 2030 Fund 2,200 940 3,140 
Fidelity Flex Freedom 2035 Fund 2,210 1,070 3,280 
Fidelity Flex Freedom 2040 Fund 2,210 1,090 3,300 
Fidelity Flex Freedom 2045 Fund 2,230 1,090 3,320 
Fidelity Flex Freedom 2050 Fund 2,210 1,090 3,300 
Fidelity Flex Freedom 2055 Fund 2,220 1,090 3,310 
Fidelity Flex Freedom 2060 Fund 2,210 1,090 3,300 

 (a) For the period June 8, 2017 (commencement of operations) to March 31, 2018.

New Rule Issuance. During August 2018, the U.S. Securities and Exchange Commission issued Final Rule Release No. 33-10532, Disclosure Update and Simplification. This Final Rule includes amendments specific to registered investment companies that are intended to eliminate overlap in disclosure requirements between Regulation S-X and GAAP. In accordance with these amendments, certain line-items in the Funds' financial statements have been combined or removed for the current period as outlined in the table below.

Financial Statement Current Line-Item Presentation (As Applicable) Prior Line-Item Presentation (As Applicable) 
Statement of Assets and Liabilities Total distributable earnings (loss) Undistributed/Distributions in excess of/Accumulated net investment income (loss)
Accumulated/Undistributed net realized gain (loss)
Net unrealized appreciation (depreciation) 
Statement of Changes in Net Assets N/A - removed Undistributed/Distributions in excess of/Accumulated net investment income (loss) end of period 
Statement of Changes in Net Assets Distributions to shareholders Distributions to shareholders from net investment income
Distributions to shareholders from net realized gain 

3. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Flex Freedom Income Fund 28,289 24,253 
Fidelity Flex Freedom 2005 Fund 28,695 24,057 
Fidelity Flex Freedom 2010 Fund 29,350 24,089 
Fidelity Flex Freedom 2015 Fund 30,215 24,310 
Fidelity Flex Freedom 2020 Fund 30,256 23,838 
Fidelity Flex Freedom 2025 Fund 30,224 23,328 
Fidelity Flex Freedom 2030 Fund 29,553 21,809 
Fidelity Flex Freedom 2035 Fund 31,044 22,426 
Fidelity Flex Freedom 2040 Fund 31,221 22,321 
Fidelity Flex Freedom 2045 Fund 31,424 22,522 
Fidelity Flex Freedom 2050 Fund 31,273 22,375 
Fidelity Flex Freedom 2055 Fund 31,479 22,580 
Fidelity Flex Freedom 2060 Fund 31,087 22,177 

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.

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

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 

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Aberdeen Street Trust and Shareholders of 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund and Fidelity Flex Freedom 2060 Fund:

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund and Fidelity Flex Freedom 2060 Fund (thirteen of the funds constituting Fidelity Aberdeen Street Trust, hereafter collectively referred to as the “Funds”) as of March 31, 2019, the related statements of operations for the year ended March 31, 2019 and the statements of changes in net assets and the financial highlights for the year ended March 31, 2019 and for the period June 8, 2017 (commencement of operations) through March 31, 2018, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2019, the results of each of their operations for the year ended March 31, 2019, and the changes in their net assets and each of the financial highlights for the year ended March 31, 2019 and for the period June 8, 2017 (commencement of operations) through March 31, 2018 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2019 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinions.

PricewaterhouseCoopers LLP

Boston, Massachusetts

May 17, 2019



We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance.  If the interests of a fund and an underlying Fidelity® fund were to diverge, a conflict of interest could arise and affect how the Trustees and Members of the Advisory Board fulfill their fiduciary duties to the affected funds.  FMRC has structured the funds to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, FMRC, the Trustees, and Members of the Advisory Board would take reasonable steps to minimize and, if possible, eliminate the conflict.  Each of the Trustees oversees 264 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

Each fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-835-5092.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-present) and Chairman and Director of FMR (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds. Ms. McAuliffe previously served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company). Earlier roles at FIL included Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo. Ms. McAuliffe also was the Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe is also a director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Previously, Ms. Acton served as a Member of the Advisory Board of certain Fidelity® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). She is the President of First to Four LLC (leadership and mentoring services, 2012-present). She also serves as a member of the Board of Directors and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor, and aerospace systems, 2013-present), Board of Directors and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and Board of Directors of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a Member of the Advisory Board of certain Fidelity® funds (2018), a member of the Board of Directors and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board of Directors, Chair of the Nomination and Governance Committee and member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Board of Directors of the Army Historical Foundation (2015-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present) and a member of the Board of Trustees of Florida Institute of Technology (2015-present) and ThanksUSA (military family education non-profit, 2014-present).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. He serves on the board of directors for Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-present) and K12 Inc. (technology-based education company, 2012-present). Previously, Mr. Engler served as interim president of Michigan State University (2018-2019), a Member of the Advisory Board of certain Fidelity® funds (2014-2016), president of the Business Roundtable (2011-2017), a trustee of The Munder Funds (2003-2014), president and CEO of the National Association of Manufacturers (2004-2011), member of the Board of Trustees of the Annie E. Casey Foundation (2004-2015), and as governor of Michigan (1991-2003). He is a past chairman of the National Governors Association.

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Mr. Gartland is Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007), and Chase Manhattan Bank (1975-1978).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity® funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation plc (diversified power management, 2009-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds and on the Board of Directors of IKON Office Solutions, Inc. (1999-2008), AGL Resources, Inc. (holding company, 2002-2016), and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity® funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company (pipeline and tanker operations). Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Santa Catalina Island Company (real estate, 2009-present). Ms. Knowles is a Member of the Investment Company Institute Board of Governors and a Member of the Governing Council of the Independent Directors Council (2014-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002). Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Mr. Murray is Vice Chairman (2013-present) of Meijer, Inc. (regional retail chain). Previously, Mr. Murray served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Chief Executive Officer (2013-2016) and President (2006-2013) of Meijer, Inc. Mr. Murray serves as a member of the Board of Directors and Nuclear Review and Public Policy and Responsibility Committees of DTE Energy Company (diversified energy company, 2009-present). Mr. Murray also serves as a member of the Board of Directors of Spectrum Health (not-for-profit health system, 2015-present). Mr. Murray previously served as President of Grand Valley State University (2001-2006), Treasurer for the State of Michigan (1999-2001), Vice President of Finance and Administration for Michigan State University (1998-1999), and a member of the Board of Directors and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray is also a director or trustee of many community and professional organizations.

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Elizabeth Paige Baumann (1968)

Year of Election or Appointment: 2017

Anti-Money Laundering (AML) Officer

Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2018

Secretary and Chief Legal Officer (CLO)

Mr. Coffey also serves as Secretary and CLO of other funds. Mr. Coffey serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-present); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-present). He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Assistant Secretary of certain funds (2009-2018) and as Vice President and Associate General Counsel of FMR LLC (2005-2009).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Adrien E. Deberghes (1967)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Deberghes also serves as an officer of other funds. He serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm, 2016-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as President and Treasurer of certain Fidelity® funds (2013-2018). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). Previously, Mr. Deberghes served in other fund officer roles.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Assistant Treasurer of certain Fidelity® funds (2016-2018). 

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight, serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

John B. McGinty, Jr. (1962)

Year of Election or Appointment: 2016

Chief Compliance Officer

Mr. McGinty also serves as Chief Compliance Officer of other funds. Mr. McGinty is Senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2016-present). Mr. McGinty previously served as Vice President, Senior Attorney at Eaton Vance Management (investment management firm, 2015-2016), and prior to Eaton Vance as global CCO for all firm operations and registered investment companies at GMO LLC (investment management firm, 2009-2015). Before joining GMO LLC, Mr. McGinty served as Senior Vice President, Deputy General Counsel for Fidelity Investments (2007-2009).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2015

Assistant Secretary

Mr. Pogorelec also serves as Assistant Secretary of other funds. Mr. Pogorelec serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2006-present).

Nancy D. Prior (1967)

Year of Election or Appointment: 2014

Vice President

Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President Fixed Income, High Income/Emerging Market Debt and Multi Asset Class Strategies of FIAM LLC (2018-present), President (2016-present) and Director (2014-present) of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm), President, Fixed Income (2014-present), and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Vice Chairman of FIAM LLC (investment adviser firm, 2014-2018), a Director of FMR Investment Management (UK) Limited (investment adviser firm, 2015-2018), President Multi-Asset Class Strategies of FMR's Global Asset Allocation Division (2017-2018), Vice President of Fidelity's Money Market Funds (2012-2014), President, Money Market and Short Duration Bond Group of Fidelity Management & Research (FMR) (investment adviser firm, 2013-2014), President, Money Market Group of FMR (2011-2013), Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of certain Fidelity® funds (2008-2009).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2018) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.

Marc L. Spector (1972)

Year of Election or Appointment: 2016

Deputy Treasurer

Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche (accounting firm, 2005-2013).

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs 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 Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2018 to March 31, 2019).

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.

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.

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,B Beginning
Account Value
October 1, 2018 
Ending
Account Value
March 31, 2019 
Expenses Paid
During Period-
October 1, 2018
to March 31, 2019C,D 
Fidelity Flex Freedom Income Fund - %    
Actual  $1,000.00 $1,025.50 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2005 Fund - %    
Actual  $1,000.00 $1,019.70 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2010 Fund - %    
Actual  $1,000.00 $1,014.80 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2015 Fund - %    
Actual  $1,000.00 $1,009.20 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2020 Fund - %    
Actual  $1,000.00 $1,004.10 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2025 Fund - %    
Actual  $1,000.00 $999.80 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2030 Fund - %    
Actual  $1,000.00 $992.20 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2035 Fund - %    
Actual  $1,000.00 981.70 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2040 Fund - %    
Actual  $1,000.00 $977.10 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2045 Fund - %    
Actual  $1,000.00 $977.40 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2050 Fund - %    
Actual  $1,000.00 $977.00 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2055 Fund - %    
Actual  $1,000.00 $977.40 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 
Fidelity Flex Freedom 2060 Fund - %    
Actual  $1,000.00 $977.20 $- 
Hypothetical-E  $1,000.00 $1,024.93 $- 

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

 B Amounts represent less than .005%.

 C Expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period).

 D Amount represents less than $.005.

 E 5% return per year before expenses

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities, and dividends derived from net investment income:

 Pay Date Record Date Dividends Capital Gains 
Fidelity Flex Freedom Income Fund 05/06/19 05/03/19 $0.018 $0.065 
Fidelity Flex Freedom 2005 Fund 05/13/19 05/10/19 $0.046 $0.101 
Fidelity Flex Freedom 2010 Fund 05/13/19 05/10/19 $0.042 $0.138 
Fidelity Flex Freedom 2015 Fund 05/13/19 05/10/19 $0.036 $0.180 
Fidelity Flex Freedom 2020 Fund 05/13/19 05/10/19 $0.032 $0.212 
Fidelity Flex Freedom 2025 Fund 05/13/19 05/10/19 $0.027 $0.246 
Fidelity Flex Freedom 2030 Fund 05/13/19 05/10/19 $0.021 $0.314 
Fidelity Flex Freedom 2035 Fund 05/13/19 05/10/19 $0.011 $0.381 
Fidelity Flex Freedom 2040 Fund 05/13/19 05/10/19 $0.008 $0.402 
Fidelity Flex Freedom 2045 Fund 05/13/19 05/10/19 $0.008 $0.401 
Fidelity Flex Freedom 2050 Fund 05/13/19 05/10/19 $0.008 $0.403 
Fidelity Flex Freedom 2055 Fund 05/13/19 05/10/19 $0.008 $0.402 
Fidelity Flex Freedom 2060 Fund 05/13/19 05/10/19 $0.008 $0.403 

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2019, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Flex Freedom Income Fund $1,276 
Fidelity Flex Freedom 2005 Fund $1,839 
Fidelity Flex Freedom 2010 Fund $2,405 
Fidelity Flex Freedom 2015 Fund $3,010 
Fidelity Flex Freedom 2020 Fund $3,471 
Fidelity Flex Freedom 2025 Fund $3,927 
Fidelity Flex Freedom 2030 Fund $4,909 
Fidelity Flex Freedom 2035 Fund $5,828 
Fidelity Flex Freedom 2040 Fund $6,121 
Fidelity Flex Freedom 2045 Fund $6,128 
Fidelity Flex Freedom 2050 Fund $6,114 
Fidelity Flex Freedom 2055 Fund $6,129 
Fidelity Flex Freedom 2060 Fund $6,123 

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax:

Fidelity Flex Freedom Income Fund 17.63% 
Fidelity Flex Freedom 2005 Fund 14.29% 
Fidelity Flex Freedom 2010 Fund 11.52% 
Fidelity Flex Freedom 2015 Fund 9.23% 
Fidelity Flex Freedom 2020 Fund 7.62% 
Fidelity Flex Freedom 2025 Fund 6.61% 
Fidelity Flex Freedom 2030 Fund 4.63% 
Fidelity Flex Freedom 2035 Fund 2.82% 
Fidelity Flex Freedom 2040 Fund 2.04% 
Fidelity Flex Freedom 2045 Fund 2.04% 
Fidelity Flex Freedom 2050 Fund 2.04% 
Fidelity Flex Freedom 2055 Fund 2.04% 
Fidelity Flex Freedom 2060 Fund 2.04% 

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:

Fidelity Flex Freedom Income Fund  
April 2018 0% 
May 2018 2% 
June 2018 5% 
July 2018 5% 
August 2018 5% 
September 2018 5% 
October 2018 5% 
November 2018 5% 
December 2018 5% 
February 2019 1% 
March 2019 1% 
Fidelity Flex Freedom 2005 Fund  
May 2018 1% 
December 2018 8% 
Fidelity Flex Freedom 2010 Fund  
May 2018 1% 
December 2018 11% 
Fidelity Flex Freedom 2015 Fund  
May 2018 1% 
December 2018 14% 
Fidelity Flex Freedom 2020 Fund  
May 2018 1% 
December 2018 17% 
Fidelity Flex Freedom 2025 Fund  
May 2018 2% 
December 2018 19% 
Fidelity Flex Freedom 2030 Fund  
May 2018 2% 
December 2018 22% 
Fidelity Flex Freedom 2035 Fund  
May 2018 4% 
December 2018 26% 
Fidelity Flex Freedom 2040 Fund  
May 2018 5% 
December 2018 27% 
Fidelity Flex Freedom 2045 Fund  
May 2018 6% 
December 2018 27% 
Fidelity Flex Freedom 2050 Fund  
May 2018 5% 
December 2018 27% 
Fidelity Flex Freedom 2055 Fund  
May 2018 5% 
December 2018 27% 
Fidelity Flex Freedom 2060 Fund  
May 2018 5% 
December 2018 27% 

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

Fidelity Flex Freedom Income Fund  
April 2018 0% 
May 2018 5% 
June 2018 13% 
July 2018 13% 
August 2018 13% 
September 2018 13% 
October 2018 13% 
November 2018 13% 
December 2018 13% 
February 2019 1% 
March 2019 1% 
Fidelity Flex Freedom 2005 Fund  
May 2018 1% 
December 2018 19% 
Fidelity Flex Freedom 2010 Fund  
May 2018 1% 
December 2018 25% 
Fidelity Flex Freedom 2015 Fund  
May 2018 2% 
December 2018 31% 
Fidelity Flex Freedom 2020 Fund  
May 2018 2% 
December 2018 36% 
Fidelity Flex Freedom 2025 Fund  
May 2018 3% 
December 2018 40% 
Fidelity Flex Freedom 2030 Fund  
May 2018 4% 
December 2018 45% 
Fidelity Flex Freedom 2035 Fund  
May 2018 6% 
December 2018 53% 
Fidelity Flex Freedom 2040 Fund  
May 2018 6% 
December 2018 55% 
Fidelity Flex Freedom 2045 Fund  
May 2018 9% 
December 2018 55% 
Fidelity Flex Freedom 2050 Fund  
May 2018 4% 
December 2018 55% 
Fidelity Flex Freedom 2055 Fund  
May 2018 6% 
December 2018 55% 
Fidelity Flex Freedom 2060 Fund  
May 2018 6% 
December 2018 55% 

The funds will notify shareholders in January 2020 of amounts for use in preparing 2019 income tax returns.





Fidelity Investments

XFC-ANN-0519
1.9884226.101




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



Annual Report

March 31, 2019

Includes Fidelity and Fidelity Advisor share classes




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Performance

Management's Discussion of Fund Performance

Fidelity Freedom® Blend Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Freedom® Blend 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions


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 if you’re an individual investing directly with Fidelity, call 1-800-835-5092 if you’re a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you’re an advisor or invest through one 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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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® Blend Income Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend Income Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend Income Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,204Fidelity Freedom® Blend Income Fund

$10,395Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Blend 2005 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2005 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2005 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,180Fidelity Freedom® Blend 2005 Fund

$10,395Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Blend 2010 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2010 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2010 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,137Fidelity Freedom® Blend 2010 Fund

$10,395Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Blend 2015 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2015 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2015 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Bloomberg Barclays U.S. Aggregate Bond Index performed over the same period.


Period Ending Values

$10,102Fidelity Freedom® Blend 2015 Fund

$10,395Bloomberg Barclays U.S. Aggregate Bond Index

Fidelity Freedom® Blend 2020 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2020 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2020 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$10,063Fidelity Freedom® Blend 2020 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2025 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2025 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2025 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$10,042Fidelity Freedom® Blend 2025 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2030 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2030 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2030 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,974Fidelity Freedom® Blend 2030 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2035 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2035 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2035 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,904Fidelity Freedom® Blend 2035 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2040 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2040 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2040 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,865Fidelity Freedom® Blend 2040 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2045 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2045 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2045 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,869Fidelity Freedom® Blend 2045 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2050 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2050 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2050 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,861Fidelity Freedom® Blend 2050 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2055 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2055 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2055 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,865Fidelity Freedom® Blend 2055 Fund

$9,884S&P 500® Index

Fidelity Freedom® Blend 2060 Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average annual total returns for Fidelity Freedom® Blend 2060 Fund will be reported once the fund is a year old.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Freedom® Blend 2060 Fund, a class of the fund, on August 31, 2018, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.


Period Ending Values

$9,873Fidelity Freedom® Blend 2060 Fund

$9,884S&P 500® Index

Management's Discussion of Fund Performance

Market Recap:  The global economy remained in expansion for the 12 months ending March 31, 2019, but growth was less synchronous and uneven. Many major economies progressed toward more-advanced stages of the business cycle. Financial markets responded favorably to the U.S. Federal Reserve’s shift away from its monetary tightening bias in the first quarter of 2019. Most economic indicators remained tepid, although China displayed some initial signs of stabilizing activity, and stepped up the pace of fiscal and monetary stimulus in the first quarter. Against this backdrop, the MSCI World ex USA Index of non-U.S. equity markets returned -2.91% for the year. Much of the negative impact came in the volatile fourth quarter of 2018, when the index returned -13%, followed by a sharp rebound to begin 2019. Among regions in the index, stocks in resource-rich Canada gained 4%, benefiting from rising crude-oil prices early and late in the period, while Asia Pacific ex Japan (+4%) was aided by stabilizing returns in Hong Kong, which rose 8%. Conversely, stocks in Japan (-8%), emerging markets (0%) and Europe ex U.K. (-4%) lagged. Results at home were markedly better. The U.S. equity bellwether S&P 500® index rose 9.50%. Nine of 11 sectors in the S&P 500® had a positive return. Three defensive sectors stood out: real estate (+21%), utilities (+19%) and health care (+15%). Conversely, some economically sensitive sectors struggled, with financials (-5%) faring worst. The small-cap-oriented Russell 2000® Index gained 2.05% for the 12 months. Commodities also lagged, as evidenced by the -5.25% result of the Bloomberg Barclays Commodity Index Total Return. U.S. investment-grade bonds gained 4.48%, according to the Bloomberg Barclays U.S. Aggregate Bond Index, largely driven by surging returns for credit-sensitive sectors. U.S. corporate bonds increased 4.89%, according to the Bloomberg Barclays Credit Bond Index. Elsewhere, securitized sectors fared well, led by commercial mortgage-backed securities (+5.43%). Agency bonds and Treasury Inflation-Protected Securities (TIPS) lagged, as measured by the 3.73% return of the Bloomberg Barclays U.S. Agency Bond Index and the 2.70% advance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index (Series-L), respectively.

Comments from Co-Portfolio Managers Andrew Dierdorf and Brett Sumsion:  From inception on August 31, 2018, through March 31, 2019, returns for the Funds' share classes (excluding sales charges, if applicable) ranged from roughly 2% for the more-income-oriented Freedom Blend Funds – earmarked for investors with a shorter retirement-savings horizon – to about -1% for the more-equity-oriented Funds, suited to investors with a longer retirement-savings horizon. All of the Funds performed roughly in line with their respective Composite indexes for the 12 months. Underlying investment performance contributed most to the Funds' performance versus Composites. Specifically, returns in emerging-markets equities outperformed. Most notably was the strong outperformance of an investment in Fidelity® Series Emerging Markets Opportunities Fund, which outperformed the MSCI Emerging Markets Index. The Funds' overall U.S. equity exposure also outperformed Composites, led by strong relative results for Fidelity® Series Small Cap Opportunities Fund and Fidelity® Series Blue Chip Growth Fund. Conversely, investments in underlying non-U.S. developed-market equities lagged. Active asset allocation had a slightly negative influence on the Funds' relative performance overall. In particular, the Funds' underweighting in U.S. investment-grade bonds detracted, as the benchmark Bloomberg Barclays U.S. Aggregate Bond Index advanced 3.95% for the period. A non-Composite allocation to weak-performing commodities also held back the Funds' relative results; here, an investment in Fidelity® Series Commodity Strategy Fund trailed its benchmark. Intra-asset allocation decisions – investments made within the major asset classes (equities and fixed-income) – had a modestly negative influence on the Funds’ relative results, particularly among non-U.S. equities, where an allocation to Fidelity® Series International Small Cap Fund lagged the returns for other international asset categories.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Note to Shareholders:  At its May 2019 meeting, the Board of Trustees approved adjusting the equity composition of the strategic asset allocation of Freedom Blend Funds from 70%/30% to 60%/40% for U.S./non-U.S. equities.

Fidelity Freedom® Blend Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 13.5 
Fidelity Series Inflation-Protected Bond Index Fund 13.3 
Fidelity Series Investment Grade Bond Fund 11.2 
Fidelity Series Government Bond Index Fund 10.6 
Fidelity Series Investment Grade Securitized Fund 7.9 
Fidelity Series Corporate Bond Fund 7.7 
Fidelity Series Long-Term Treasury Bond Index Fund 4.7 
Fidelity Series Government Money Market Fund 2.5% 4.5 
Fidelity Series Short-Term Credit Fund 4.5 
Fidelity Series Emerging Markets Opportunities Fund 3.2 
 81.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 10.8% 
   International Equity Funds 8.9% 
   Bond Funds 57.8% 
   Short-Term Funds 22.5% 


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

Fidelity Freedom® Blend Income Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 10.8%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,223 $47,541 
Fidelity Series Commodity Strategy Fund (a) 14,259 68,015 
Fidelity Series Large Cap Growth Index Fund (a) 3,692 37,212 
Fidelity Series Large Cap Stock Fund (a) 2,530 37,058 
Fidelity Series Large Cap Value Index Fund (a) 5,588 69,344 
Fidelity Series Small Cap Opportunities Fund (a) 1,372 18,461 
Fidelity Series Value Discovery Fund (a) 1,758 21,956 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $285,214)  299,587 
International Equity Funds - 8.9%   
Fidelity Series Canada Fund (a) 664 6,848 
Fidelity Series Emerging Markets Fund (a) 997 9,756 
Fidelity Series Emerging Markets Opportunities Fund (a) 4,771 88,405 
Fidelity Series International Growth Fund (a) 3,757 57,069 
Fidelity Series International Index Fund (a) 1,523 14,959 
Fidelity Series International Small Cap Fund (a) 964 14,971 
Fidelity Series International Value Fund (a) 6,072 56,471 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $234,945)  248,479 
Bond Funds - 57.8%   
Fidelity Series Corporate Bond Fund (a) 21,017 213,324 
Fidelity Series Emerging Markets Debt Fund (a) 2,033 19,496 
Fidelity Series Floating Rate High Income Fund (a) 445 4,126 
Fidelity Series Government Bond Index Fund (a) 28,695 293,262 
Fidelity Series High Income Fund (a) 3,251 30,561 
Fidelity Series Inflation-Protected Bond Index Fund (a) 37,828 369,954 
Fidelity Series Investment Grade Bond Fund (a) 27,881 311,706 
Fidelity Series Investment Grade Securitized Fund (a) 21,588 219,982 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 14,598 129,480 
Fidelity Series Real Estate Income Fund (a) 1,201 13,102 
TOTAL BOND FUNDS   
(Cost $1,564,747)  1,604,993 
Short-Term Funds - 22.5%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 125,285 125,285 
Fidelity Series Short-Term Credit Fund (a) 12,426 123,884 
Fidelity Series Treasury Bill Index Fund (a) 37,557 375,199 
TOTAL SHORT-TERM FUNDS   
(Cost $623,418)  624,417 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,708,324)  2,777,476 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (838) 
NET ASSETS - 100%  $2,776,638 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $59,139 $13,888 $2,358 $(1,470) $3,760 $47,541 
Fidelity Series Canada Fund -- 8,139 1,724 71 (73) 506 6,848 
Fidelity Series Commodity Strategy Fund -- 79,342 10,840 1,304 (494) 68,015 
Fidelity Series Corporate Bond Fund -- 243,386 37,345 3,320 (110) 7,393 213,324 
Fidelity Series Emerging Markets Debt Fund -- 21,918 2,966 393 535 19,496 
Fidelity Series Emerging Markets Fund -- 11,221 1,982 19 (50) 567 9,756 
Fidelity Series Emerging Markets Opportunities Fund -- 104,615 21,972 3,408 (932) 6,694 88,405 
Fidelity Series Floating Rate High Income Fund -- 6,004 1,851 153 (40) 13 4,126 
Fidelity Series Government Bond Index Fund -- 337,666 50,385 2,954 11 5,970 293,262 
Fidelity Series Government Money Market Fund 2.5% -- 146,394 21,109 1,128 -- -- 125,285 
Fidelity Series High Income Fund -- 41,289 11,530 913 (200) 1,002 30,561 
Fidelity Series Inflation-Protected Bond Index Fund -- 424,761 60,134 3,348 (570) 5,897 369,954 
Fidelity Series International Growth Fund -- 68,756 14,553 1,770 (688) 3,554 57,069 
Fidelity Series International Index Fund -- 17,703 3,468 41 (99) 823 14,959 
Fidelity Series International Small Cap Fund -- 18,569 3,685 660 (281) 368 14,971 
Fidelity Series International Value Fund -- 67,040 10,898 973 (693) 1,022 56,471 
Fidelity Series Investment Grade Bond Fund -- 356,357 52,856 4,147 (51) 8,256 311,706 
Fidelity Series Investment Grade Securitized Fund -- 257,747 42,117 2,783 79 4,273 219,982 
Fidelity Series Large Cap Growth Index Fund -- 44,764 10,656 94 (457) 3,561 37,212 
Fidelity Series Large Cap Stock Fund -- 46,042 10,494 721 (470) 1,980 37,058 
Fidelity Series Large Cap Value Index Fund -- 86,145 19,475 1,826 (683) 3,357 69,344 
Fidelity Series Long-Term Treasury Bond Index Fund -- 143,918 20,914 1,409 6,475 129,480 
Fidelity Series Real Estate Income Fund -- 14,944 2,228 340 (46) 432 13,102 
Fidelity Series Short-Term Credit Fund -- 145,648 23,103 1,330 28 1,311 123,884 
Fidelity Series Small Cap Opportunities Fund -- 23,628 5,639 826 (623) 1,095 18,461 
Fidelity Series Treasury Bill Index Fund -- 439,299 63,774 3,883 (14) (312) 375,199 
Fidelity Series Value Discovery Fund -- 27,285 5,650 655 (292) 613 21,956 
 $-- $3,241,719 $525,236 $40,827 $(8,208) $69,152 $2,777,427 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend Income Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $2,708,275) 2,777,427  
Total Investment in Securities (cost $2,708,324)  $2,777,476 
Cash  147 
Receivable for investments sold  11,271 
Receivable for fund shares sold  698 
Total assets  2,789,592 
Liabilities   
Payable for investments purchased $11,957  
Accrued management fee 776  
Distribution and service plan fees payable 221  
Total liabilities  12,954 
Net Assets  $2,776,638 
Net Assets consist of:   
Paid in capital  $2,704,345 
Total distributable earnings (loss)  72,293 
Net Assets  $2,776,638 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($107,003 ÷ 10,664 shares)  $10.03 
Maximum offering price per share (100/94.25 of $10.03)  $10.64 
Class M:   
Net Asset Value and redemption price per share ($101,796 ÷ 10,146 shares)  $10.03 
Maximum offering price per share (100/96.50 of $10.03)  $10.39 
Class C:   
Net Asset Value and offering price per share ($123,194 ÷ 12,302 shares)(a)  $10.01 
Fidelity Freedom Blend Income Fund:   
Net Asset Value, offering price and redemption price per share ($378,362 ÷ 37,707 shares)  $10.03 
Class K:   
Net Asset Value, offering price and redemption price per share ($102,155 ÷ 10,179 shares)  $10.04 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,657,663 ÷ 165,179 shares)  $10.04 
Class I:   
Net Asset Value, offering price and redemption price per share ($102,095 ÷ 10,173 shares)  $10.04 
Class Z:   
Net Asset Value, offering price and redemption price per share ($102,155 ÷ 10,179 shares)  $10.04 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($102,215 ÷ 10,182 shares)  $10.04 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $27,877 
Income from Fidelity Central Funds  195 
Total income  28,072 
Expenses   
Management fee $3,812  
Distribution and service plan fees 1,263  
Independent trustees' fees and expenses  
Total expenses  5,079 
Net investment income (loss)  22,993 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (8,208)  
Capital gain distributions from underlying funds:   
Affiliated issuers 12,950  
Total net realized gain (loss)  4,742 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 69,152  
Total change in net unrealized appreciation (depreciation)  69,152 
Net gain (loss)  73,894 
Net increase (decrease) in net assets resulting from operations  $96,887 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $22,993 
Net realized gain (loss) 4,742 
Change in net unrealized appreciation (depreciation) 69,152 
Net increase (decrease) in net assets resulting from operations 96,887 
Distributions to shareholders (24,594) 
Total distributions (24,594) 
Share transactions - net increase (decrease) 2,704,345 
Total increase (decrease) in net assets 2,776,638 
Net Assets  
Beginning of period – 
End of period $2,776,638 

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


Financial Highlights

Fidelity Freedom Blend Income Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .08 
Total from investment operations .19 
Distributions from net investment income (.11) 
Distributions from net realized gain (.05) 
Total distributions (.16) 
Net asset value, end of period $10.03 
Total ReturnC,D 1.91% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .71%G 
Expenses net of fee waivers, if any .71%G 
Expenses net of all reductions .71%G 
Net investment income (loss) 1.95%G 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateF 48%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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.

 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 Freedom Blend Income Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .07 
Total from investment operations .17 
Distributions from net investment income (.09) 
Distributions from net realized gain (.05) 
Total distributions (.14) 
Net asset value, end of period $10.03 
Total ReturnC,D 1.76% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .96%G 
Expenses net of fee waivers, if any .96%G 
Expenses net of all reductions .96%G 
Net investment income (loss) 1.70%G 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateF 48%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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.

 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 Freedom Blend Income Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) .07 
Total from investment operations .14 
Distributions from net investment income (.08) 
Distributions from net realized gain (.05) 
Total distributions (.13) 
Net asset value, end of period $10.01 
Total ReturnC,D 1.45% 
Ratios to Average Net AssetsE,F  
Expenses before reductions 1.47%G,H 
Expenses net of fee waivers, if any 1.47%G,H 
Expenses net of all reductions 1.47%G,H 
Net investment income (loss) 1.19%G 
Supplemental Data  
Net assets, end of period (000 omitted) $123 
Portfolio turnover rateF 48%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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.

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

 G Annualized

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

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


Fidelity Freedom Blend Income Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .07 
Total from investment operations .20 
Distributions from net investment income (.12) 
Distributions from net realized gain (.05) 
Total distributions (.17) 
Net asset value, end of period $10.03 
Total ReturnC 2.04% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .46%F 
Expenses net of fee waivers, if any .46%F 
Expenses net of all reductions .46%F 
Net investment income (loss) 2.20%F 
Supplemental Data  
Net assets, end of period (000 omitted) $378 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend Income Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .08 
Total from investment operations .21 
Distributions from net investment income (.12) 
Distributions from net realized gain (.05) 
Total distributions (.17) 
Net asset value, end of period $10.04 
Total ReturnC 2.20% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .36%F 
Expenses net of fee waivers, if any .36%F 
Expenses net of all reductions .36%F 
Net investment income (loss) 2.30%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend Income Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .14 
Net realized and unrealized gain (loss) .08 
Total from investment operations .22 
Distributions from net investment income (.13) 
Distributions from net realized gain (.05) 
Total distributions (.18) 
Net asset value, end of period $10.04 
Total ReturnC 2.24% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .26%F 
Expenses net of fee waivers, if any .26%F 
Expenses net of all reductions .26%F 
Net investment income (loss) 2.39%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,658 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend Income Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .08 
Total from investment operations .21 
Distributions from net investment income (.12) 
Distributions from net realized gain (.05) 
Total distributions (.17) 
Net asset value, end of period $10.04 
Total ReturnC 2.14% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .46%F 
Expenses net of fee waivers, if any .46%F 
Expenses net of all reductions .46%F 
Net investment income (loss) 2.20%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend Income Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .08 
Total from investment operations .21 
Distributions from net investment income (.12) 
Distributions from net realized gain (.05) 
Total distributions (.17) 
Net asset value, end of period $10.04 
Total ReturnC 2.20% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .36%F 
Expenses net of fee waivers, if any .36%F 
Expenses net of all reductions .36%F 
Net investment income (loss) 2.30%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend Income Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .14 
Net realized and unrealized gain (loss) .08 
Total from investment operations .22 
Distributions from net investment income (.13) 
Distributions from net realized gain (.05) 
Total distributions (.18) 
Net asset value, end of period $10.04 
Total ReturnC 2.23% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .26%F 
Expenses net of fee waivers, if any .26%F 
Expenses net of all reductions .26%F 
Net investment income (loss) 2.40%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateE 48%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom® Blend 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Inflation-Protected Bond Index Fund 11.5 
Fidelity Series Treasury Bill Index Fund 11.2 
Fidelity Series Investment Grade Bond Fund 10.4 
Fidelity Series Government Bond Index Fund 9.8 
Fidelity Series Investment Grade Securitized Fund 7.3 
Fidelity Series Corporate Bond Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 4.8 
Fidelity Series Large Cap Value Index Fund 4.2 
Fidelity Series Emerging Markets Opportunities Fund 4.0 
Fidelity Series Short-Term Credit Fund 3.8 
 74.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.3% 
   International Equity Funds 11.6% 
   Bond Funds 53.3% 
   Short-Term Funds 18.8% 


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

Fidelity Freedom® Blend 2005 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 16.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 4,046 $59,683 
Fidelity Series Commodity Strategy Fund (a) 10,228 48,785 
Fidelity Series Large Cap Growth Index Fund (a) 4,637 46,743 
Fidelity Series Large Cap Stock Fund (a) 3,166 46,379 
Fidelity Series Large Cap Value Index Fund (a) 6,998 86,849 
Fidelity Series Small Cap Opportunities Fund (a) 1,721 23,168 
Fidelity Series Value Discovery Fund (a) 2,200 27,479 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $327,126)  339,086 
International Equity Funds - 11.6%   
Fidelity Series Canada Fund (a) 670 6,903 
Fidelity Series Emerging Markets Fund (a) 933 9,131 
Fidelity Series Emerging Markets Opportunities Fund (a) 4,466 82,753 
Fidelity Series International Growth Fund (a) 3,749 56,952 
Fidelity Series International Index Fund (a) 1,530 15,023 
Fidelity Series International Small Cap Fund (a) 968 15,035 
Fidelity Series International Value Fund (a) 6,084 56,584 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $233,553)  242,381 
Bond Funds - 53.3%   
Fidelity Series Corporate Bond Fund (a) 14,592 148,104 
Fidelity Series Emerging Markets Debt Fund (a) 1,526 14,638 
Fidelity Series Floating Rate High Income Fund (a) 334 3,100 
Fidelity Series Government Bond Index Fund (a) 19,906 203,437 
Fidelity Series High Income Fund (a) 2,440 22,938 
Fidelity Series Inflation-Protected Bond Index Fund (a) 24,532 239,920 
Fidelity Series Investment Grade Bond Fund (a) 19,365 216,506 
Fidelity Series Investment Grade Securitized Fund (a) 14,990 152,751 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 11,406 101,171 
Fidelity Series Real Estate Income Fund (a) 902 9,842 
TOTAL BOND FUNDS   
(Cost $1,088,064)  1,112,407 
Short-Term Funds - 18.8%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 78,685 78,685 
Fidelity Series Short-Term Credit Fund (a) 7,935 79,112 
Fidelity Series Treasury Bill Index Fund (a) 23,479 234,552 
TOTAL SHORT-TERM FUNDS   
(Cost $391,838)  392,398 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,040,581)  2,086,272 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (580) 
NET ASSETS - 100%  $2,085,692 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $66,521 $7,976 $3,550 $(1,296) $2,434 $59,683 
Fidelity Series Canada Fund -- 7,159 593 65 (43) 380 6,903 
Fidelity Series Commodity Strategy Fund -- 51,099 1,662 1,241 (87) (565) 48,785 
Fidelity Series Corporate Bond Fund -- 147,265 3,573 2,272 (15) 4,427 148,104 
Fidelity Series Emerging Markets Debt Fund -- 14,589 327 294 374 14,638 
Fidelity Series Emerging Markets Fund -- 9,193 416 16 (15) 369 9,131 
Fidelity Series Emerging Markets Opportunities Fund -- 85,613 7,053 2,901 (429) 4,622 82,753 
Fidelity Series Floating Rate High Income Fund -- 4,045 925 114 (26) 3,100 
Fidelity Series Government Bond Index Fund -- 204,708 4,916 2,020 (57) 3,702 203,437 
Fidelity Series Government Money Market Fund 2.5% -- 79,828 1,143 693 -- -- 78,685 
Fidelity Series High Income Fund -- 26,909 4,481 674 (89) 599 22,938 
Fidelity Series Inflation-Protected Bond Index Fund -- 239,551 2,600 2,020 (34) 3,003 239,920 
Fidelity Series International Growth Fund -- 60,473 5,590 1,622 (561) 2,630 56,952 
Fidelity Series International Index Fund -- 15,520 1,035 38 (59) 597 15,023 
Fidelity Series International Small Cap Fund -- 16,318 1,221 609 (189) 127 15,035 
Fidelity Series International Value Fund -- 58,969 2,279 888 (209) 103 56,584 
Fidelity Series Investment Grade Bond Fund -- 215,267 3,763 2,804 (20) 5,022 216,506 
Fidelity Series Investment Grade Securitized Fund -- 156,280 6,159 1,893 (16) 2,646 152,751 
Fidelity Series Large Cap Growth Index Fund -- 49,786 6,295 108 (398) 3,650 46,743 
Fidelity Series Large Cap Stock Fund -- 50,954 6,113 848 (477) 2,015 46,379 
Fidelity Series Large Cap Value Index Fund -- 95,130 11,049 2,115 (601) 3,369 86,849 
Fidelity Series Long-Term Treasury Bond Index Fund -- 97,919 1,039 1,086 (42) 4,333 101,171 
Fidelity Series Real Estate Income Fund -- 9,759 143 271 (5) 231 9,842 
Fidelity Series Short-Term Credit Fund -- 79,429 1,083 815 (3) 769 79,112 
Fidelity Series Small Cap Opportunities Fund -- 26,350 3,134 1,212 (606) 558 23,168 
Fidelity Series Treasury Bill Index Fund -- 239,855 5,092 2,382 (2) (209) 234,552 
Fidelity Series Value Discovery Fund -- 30,098 2,886 745 (232) 499 27,479 
 $-- $2,138,587 $92,546 $33,296 $(5,509) $45,691 $2,086,223 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $2,040,532) 2,086,223  
Total Investment in Securities (cost $2,040,581)  $2,086,272 
Cash  147 
Receivable for investments sold  7,401 
Receivable for fund shares sold  471 
Total assets  2,094,291 
Liabilities   
Payable for investments purchased $7,872  
Accrued management fee 562  
Distribution and service plan fees payable 165  
Total liabilities  8,599 
Net Assets  $2,085,692 
Net Assets consist of:   
Paid in capital  $2,031,524 
Total distributable earnings (loss)  54,168 
Net Assets  $2,085,692 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($187,159 ÷ 18,735 shares)  $9.99 
Maximum offering price per share (100/94.25 of $9.99)  $10.60 
Class M:   
Net Asset Value and redemption price per share ($101,468 ÷ 10,153 shares)  $9.99 
Maximum offering price per share (100/96.50 of $9.99)  $10.35 
Class C:   
Net Asset Value and offering price per share ($101,172 ÷ 10,135 shares)(a)  $9.98 
Fidelity Freedom Blend 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($111,173 ÷ 11,110 shares)  $10.01 
Class K:   
Net Asset Value, offering price and redemption price per share ($101,826 ÷ 10,173 shares)  $10.01 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,177,415 ÷ 117,613 shares)  $10.01 
Class I:   
Net Asset Value, offering price and redemption price per share ($101,767 ÷ 10,170 shares)  $10.01 
Class Z:   
Net Asset Value, offering price and redemption price per share ($101,826 ÷ 10,173 shares)  $10.01 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($101,886 ÷ 10,176 shares)  $10.01 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $20,228 
Income from Fidelity Central Funds  195 
Total income  20,423 
Expenses   
Management fee $2,807  
Distribution and service plan fees 1,068  
Independent trustees' fees and expenses  
Total expenses  3,878 
Net investment income (loss)  16,545 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (5,509)  
Capital gain distributions from underlying funds:   
Affiliated issuers 13,068  
Total net realized gain (loss)  7,559 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 45,691  
Total change in net unrealized appreciation (depreciation)  45,691 
Net gain (loss)  53,250 
Net increase (decrease) in net assets resulting from operations  $69,795 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $16,545 
Net realized gain (loss) 7,559 
Change in net unrealized appreciation (depreciation) 45,691 
Net increase (decrease) in net assets resulting from operations 69,795 
Distributions to shareholders (15,628) 
Total distributions (15,628) 
Share transactions - net increase (decrease) 2,031,525 
Total increase (decrease) in net assets 2,085,692 
Net Assets  
Beginning of period – 
End of period $2,085,692 

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


Financial Highlights

Fidelity Freedom Blend 2005 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) .04 
Total from investment operations .15 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.16)C 
Net asset value, end of period $9.99 
Total ReturnD,E 1.62% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .71%H 
Expenses net of fee waivers, if any .71%H 
Expenses net of all reductions .71%H 
Net investment income (loss) 1.88%H 
Supplemental Data  
Net assets, end of period (000 omitted) $187 
Portfolio turnover rateG 11%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.097 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 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 Freedom Blend 2005 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .05 
Total from investment operations .14 
Distributions from net investment income (.08) 
Distributions from net realized gain (.07) 
Total distributions (.15) 
Net asset value, end of period $9.99 
Total ReturnC,D 1.43% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .96%G 
Expenses net of fee waivers, if any .96%G 
Expenses net of all reductions .96%G 
Net investment income (loss) 1.63%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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.

 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 Freedom Blend 2005 Fund Class C

  
Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
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 (.06) 
Distributions from net realized gain (.07) 
Total distributions (.13) 
Net asset value, end of period $9.98 
Total ReturnC,D 1.15% 
Ratios to Average Net AssetsE,F  
Expenses before reductions 1.46%G 
Expenses net of fee waivers, if any 1.46%G 
Expenses net of all reductions 1.46%G 
Net investment income (loss) 1.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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.

 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 Freedom Blend 2005 Fund

  
Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .05 
Total from investment operations .17 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.16)C 
Net asset value, end of period $10.01 
Total ReturnD 1.80% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .46%G 
Expenses net of fee waivers, if any .46%G 
Expenses net of all reductions .46%G 
Net investment income (loss) 2.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.066 per share.

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

 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. 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.

 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 Freedom Blend 2005 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .04 
Total from investment operations .17 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.16)C 
Net asset value, end of period $10.01 
Total ReturnD 1.83% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .36%G 
Expenses net of fee waivers, if any .36%G 
Expenses net of all reductions .36%G 
Net investment income (loss) 2.23%G 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.066 per share.

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

 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. 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.

 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 Freedom Blend 2005 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .05 
Total from investment operations .18 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.17) 
Net asset value, end of period $10.01 
Total ReturnC 1.86% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .26%F 
Expenses net of fee waivers, if any .26%F 
Expenses net of all reductions .26%F 
Net investment income (loss) 2.32%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,177 
Portfolio turnover rateE 11%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2005 Fund Class I

  
Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .05 
Total from investment operations .17 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.16)C 
Net asset value, end of period $10.01 
Total ReturnD 1.80% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .46%G 
Expenses net of fee waivers, if any .46%G 
Expenses net of all reductions .46%G 
Net investment income (loss) 2.13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.066 per share.

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

 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. 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.

 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 Freedom Blend 2005 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .04 
Total from investment operations .17 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.16)C 
Net asset value, end of period $10.01 
Total ReturnD 1.83% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .36%G 
Expenses net of fee waivers, if any .36%G 
Expenses net of all reductions .36%G 
Net investment income (loss) 2.23%G 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.066 per share.

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

 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. 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.

 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 Freedom Blend 2005 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .05 
Total from investment operations .18 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.17) 
Net asset value, end of period $10.01 
Total ReturnC 1.86% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .26%F 
Expenses net of fee waivers, if any .26%F 
Expenses net of all reductions .26%F 
Net investment income (loss) 2.33%F 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateE 11%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom® Blend 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Inflation-Protected Bond Index Fund 9.4 
Fidelity Series Investment Grade Bond Fund 9.3 
Fidelity Series Treasury Bill Index Fund 8.9 
Fidelity Series Government Bond Index Fund 8.7 
Fidelity Series Investment Grade Securitized Fund 6.6 
Fidelity Series Corporate Bond Fund 6.4 
Fidelity Series Large Cap Value Index Fund 6.1 
Fidelity Series Long-Term Treasury Bond Index Fund 5.0 
Fidelity Series Emerging Markets Opportunities Fund 4.9 
Fidelity Series Blue Chip Growth Fund 4.2 
 69.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 22.7% 
   International Equity Funds 14.6% 
   Bond Funds 47.8% 
   Short-Term Funds 14.9% 


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

Fidelity Freedom® Blend 2010 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 22.7%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 7,479 $110,318 
Fidelity Series Commodity Strategy Fund (a) 13,067 62,328 
Fidelity Series Large Cap Growth Index Fund (a) 8,568 86,369 
Fidelity Series Large Cap Stock Fund (a) 5,869 85,985 
Fidelity Series Large Cap Value Index Fund (a) 12,975 161,014 
Fidelity Series Small Cap Opportunities Fund (a) 3,191 42,953 
Fidelity Series Value Discovery Fund (a) 4,079 50,945 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $558,467)  599,912 
International Equity Funds - 14.6%   
Fidelity Series Canada Fund (a) 1,067 11,003 
Fidelity Series Emerging Markets Fund (a) 1,442 14,121 
Fidelity Series Emerging Markets Opportunities Fund (a) 6,906 127,972 
Fidelity Series International Growth Fund (a) 6,089 92,485 
Fidelity Series International Index Fund (a) 2,465 24,205 
Fidelity Series International Small Cap Fund (a) 1,554 24,137 
Fidelity Series International Value Fund (a) 9,811 91,246 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $360,091)  385,169 
Bond Funds - 47.8%   
Fidelity Series Corporate Bond Fund (a) 16,588 168,370 
Fidelity Series Emerging Markets Debt Fund (a) 1,934 18,543 
Fidelity Series Floating Rate High Income Fund (a) 424 3,929 
Fidelity Series Government Bond Index Fund (a) 22,618 231,155 
Fidelity Series High Income Fund (a) 3,037 28,548 
Fidelity Series Inflation-Protected Bond Index Fund (a) 25,443 248,837 
Fidelity Series Investment Grade Bond Fund (a) 22,015 246,122 
Fidelity Series Investment Grade Securitized Fund (a) 17,041 173,652 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 15,046 133,456 
Fidelity Series Real Estate Income Fund (a) 1,143 12,475 
TOTAL BOND FUNDS   
(Cost $1,233,242)  1,265,087 
Short-Term Funds - 14.9%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 79,094 79,094 
Fidelity Series Short-Term Credit Fund (a) 7,976 79,524 
Fidelity Series Treasury Bill Index Fund (a) 23,532 235,082 
TOTAL SHORT-TERM FUNDS   
(Cost $393,155)  393,749 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,544,955)  2,643,917 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (734) 
NET ASSETS - 100%  $2,643,183 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $153,447 $47,296 $5,148 $(6,353) $10,520 $110,318 
Fidelity Series Canada Fund -- 14,765 4,264 92 (175) 677 11,003 
Fidelity Series Commodity Strategy Fund -- 81,183 18,288 1,241 (1,515) 948 62,328 
Fidelity Series Corporate Bond Fund -- 219,946 56,954 2,323 (242) 5,620 168,370 
Fidelity Series Emerging Markets Debt Fund -- 23,460 5,345 337 55 373 18,543 
Fidelity Series Emerging Markets Fund -- 18,526 5,059 22 (155) 809 14,121 
Fidelity Series Emerging Markets Opportunities Fund -- 170,161 49,495 3,983 (2,693) 9,999 127,972 
Fidelity Series Floating Rate High Income Fund -- 6,146 2,189 127 (57) 29 3,929 
Fidelity Series Government Bond Index Fund -- 305,197 78,318 2,068 (108) 4,384 231,155 
Fidelity Series Government Money Market Fund 2.5% -- 105,480 26,386 631 -- -- 79,094 
Fidelity Series High Income Fund -- 44,845 16,905 771 (290) 898 28,548 
Fidelity Series Inflation-Protected Bond Index Fund -- 326,880 81,723 1,738 (1,248) 4,928 248,837 
Fidelity Series International Growth Fund -- 125,949 37,225 2,343 (3,453) 7,214 92,485 
Fidelity Series International Index Fund -- 32,546 9,269 53 (455) 1,383 24,205 
Fidelity Series International Small Cap Fund -- 33,611 9,601 880 (1,234) 1,361 24,137 
Fidelity Series International Value Fund -- 123,715 32,615 1,289 (3,489) 3,635 91,246 
Fidelity Series Investment Grade Bond Fund -- 322,415 82,245 2,880 (5) 5,957 246,122 
Fidelity Series Investment Grade Securitized Fund -- 232,629 62,086 1,940 132 2,977 173,652 
Fidelity Series Large Cap Growth Index Fund -- 116,626 36,831 171 (2,007) 8,581 86,369 
Fidelity Series Large Cap Stock Fund -- 118,694 35,842 1,356 (2,967) 6,100 85,985 
Fidelity Series Large Cap Value Index Fund -- 222,334 66,529 3,560 (4,113) 9,322 161,014 
Fidelity Series Long-Term Treasury Bond Index Fund -- 170,498 43,012 1,295 (216) 6,186 133,456 
Fidelity Series Real Estate Income Fund -- 16,257 4,110 300 (165) 493 12,475 
Fidelity Series Short-Term Credit Fund -- 105,053 26,333 740 29 775 79,524 
Fidelity Series Small Cap Opportunities Fund -- 60,851 18,531 1,768 (2,933) 3,566 42,953 
Fidelity Series Treasury Bill Index Fund -- 316,711 81,434 2,173 (14) (181) 235,082 
Fidelity Series Value Discovery Fund -- 70,368 19,978 1,210 (1,853) 2,408 50,945 
 $-- $3,538,293 $957,863 $40,439 $(35,524) $98,962 $2,643,868 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $2,544,906) 2,643,868  
Total Investment in Securities (cost $2,544,955)  $2,643,917 
Cash  147 
Receivable for investments sold  9,914 
Receivable for fund shares sold  25 
Total assets  2,654,003 
Liabilities   
Payable for investments purchased $9,940  
Accrued management fee 710  
Distribution and service plan fees payable 170  
Total liabilities  10,820 
Net Assets  $2,643,183 
Net Assets consist of:   
Paid in capital  $2,562,028 
Total distributable earnings (loss)  81,155 
Net Assets  $2,643,183 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($165,881 ÷ 16,711 shares)  $9.93 
Maximum offering price per share (100/94.25 of $9.93)  $10.54 
Class M:   
Net Asset Value and redemption price per share ($126,040 ÷ 12,702 shares)  $9.92 
Maximum offering price per share (100/96.50 of $9.92)  $10.28 
Class C:   
Net Asset Value and offering price per share ($100,766 ÷ 10,162 shares)(a)  $9.92 
Fidelity Freedom Blend 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($147,912 ÷ 14,883 shares)  $9.94 
Class K:   
Net Asset Value, offering price and redemption price per share ($101,419 ÷ 10,199 shares)  $9.94 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,696,909 ÷ 170,627 shares)  $9.95 
Class I:   
Net Asset Value, offering price and redemption price per share ($101,359 ÷ 10,196 shares)  $9.94 
Class Z:   
Net Asset Value, offering price and redemption price per share ($101,419 ÷ 10,199 shares)  $9.94 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($101,478 ÷ 10,203 shares)  $9.95 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $22,661 
Income from Fidelity Central Funds  195 
Total income  22,856 
Expenses   
Management fee $3,243  
Distribution and service plan fees 1,094  
Independent trustees' fees and expenses  
Total expenses  4,340 
Net investment income (loss)  18,516 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (35,524)  
Capital gain distributions from underlying funds:   
Affiliated issuers 17,778  
Total net realized gain (loss)  (17,746) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 98,962  
Total change in net unrealized appreciation (depreciation)  98,962 
Net gain (loss)  81,216 
Net increase (decrease) in net assets resulting from operations  $99,732 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $18,516 
Net realized gain (loss) (17,746) 
Change in net unrealized appreciation (depreciation) 98,962 
Net increase (decrease) in net assets resulting from operations 99,732 
Distributions to shareholders (18,577) 
Total distributions (18,577) 
Share transactions - net increase (decrease) 2,562,028 
Total increase (decrease) in net assets 2,643,183 
Net Assets  
Beginning of period – 
End of period $2,643,183 

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


Financial Highlights

Fidelity Freedom Blend 2010 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) .01 
Total from investment operations .11 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.18)C 
Net asset value, end of period $9.93 
Total ReturnD,E 1.24% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .72%H 
Expenses net of fee waivers, if any .72%H 
Expenses net of all reductions .72%H 
Net investment income (loss) 1.81%H 
Supplemental Data  
Net assets, end of period (000 omitted) $166 
Portfolio turnover rateG 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 $.106 and distributions from net realized gain of $.076 per share.

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

 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 Freedom Blend 2010 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) C 
Total from investment operations .09 
Distributions from net investment income (.10) 
Distributions from net realized gain (.08) 
Total distributions (.17)D 
Net asset value, end of period $9.92 
Total ReturnE,F 1.03% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .97%I 
Expenses net of fee waivers, if any .97%I 
Expenses net of all reductions .97%I 
Net investment income (loss) 1.56%I 
Supplemental Data  
Net assets, end of period (000 omitted) $126 
Portfolio turnover rateH 98%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.076 per share.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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

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


Fidelity Freedom Blend 2010 Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .01 
Total from investment operations .07 
Distributions from net investment income (.08) 
Distributions from net realized gain (.08) 
Total distributions (.15)C 
Net asset value, end of period $9.92 
Total ReturnD,E .81% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.47%H 
Expenses net of fee waivers, if any 1.47%H 
Expenses net of all reductions 1.47%H 
Net investment income (loss) 1.06%H 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateG 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.076 per share.

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

 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. 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 Freedom Blend 2010 Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .01 
Total from investment operations .13 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.94 
Total ReturnC 1.37% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .47%F 
Expenses net of fee waivers, if any .47%F 
Expenses net of all reductions .47%F 
Net investment income (loss) 2.06%F 
Supplemental Data  
Net assets, end of period (000 omitted) $148 
Portfolio turnover rateE 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2010 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .01 
Total from investment operations .13 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.94 
Total ReturnC 1.38% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .37%F 
Expenses net of fee waivers, if any .37%F 
Expenses net of all reductions .37%F 
Net investment income (loss) 2.16%F 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateE 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2010 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .01 
Total from investment operations .14 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.95 
Total ReturnC 1.52% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .28%F,G 
Expenses net of fee waivers, if any .28%F,G 
Expenses net of all reductions .28%F,G 
Net investment income (loss) 2.26%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,697 
Portfolio turnover rateE 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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

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


Fidelity Freedom Blend 2010 Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) C 
Total from investment operations .12 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.18)D 
Net asset value, end of period $9.94 
Total ReturnE 1.35% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .47%H 
Expenses net of fee waivers, if any .47%H 
Expenses net of all reductions .47%H 
Net investment income (loss) 2.06%H 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateG 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.18 per share is comprised of distributions from net investment income of $.107 and distributions from net realized gain of $.076 per share.

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

 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 Freedom Blend 2010 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .12 
Net realized and unrealized gain (loss) .01 
Total from investment operations .13 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.94 
Total ReturnC 1.38% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .37%F 
Expenses net of fee waivers, if any .37%F 
Expenses net of all reductions .37%F 
Net investment income (loss) 2.16%F 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateE 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2010 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .13 
Net realized and unrealized gain (loss) .01 
Total from investment operations .14 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.95 
Total ReturnC 1.52% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .27%F 
Expenses net of fee waivers, if any .27%F 
Expenses net of all reductions .27%F 
Net investment income (loss) 2.26%F 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateE 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom® Blend 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 8.2 
Fidelity Series Large Cap Value Index Fund 8.0 
Fidelity Series Government Bond Index Fund 7.7 
Fidelity Series Inflation-Protected Bond Index Fund 7.4 
Fidelity Series Treasury Bill Index Fund 6.8 
Fidelity Series Investment Grade Securitized Fund 5.7 
Fidelity Series Corporate Bond Fund 5.6 
Fidelity Series Emerging Markets Opportunities Fund 5.5 
Fidelity Series Blue Chip Growth Fund 5.5 
Fidelity Series Long-Term Treasury Bond Index Fund 5.1 
 65.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 29.2% 
   International Equity Funds 17.3% 
   Bond Funds 42.1% 
   Short-Term Funds 11.4% 


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

Fidelity Freedom® Blend 2015 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 29.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 35,272 $520,264 
Fidelity Series Commodity Strategy Fund (a) 47,032 224,343 
Fidelity Series Large Cap Growth Index Fund (a) 40,400 407,232 
Fidelity Series Large Cap Stock Fund (a) 27,715 406,025 
Fidelity Series Large Cap Value Index Fund (a) 61,266 760,313 
Fidelity Series Small Cap Opportunities Fund (a) 15,069 202,824 
Fidelity Series Value Discovery Fund (a) 19,260 240,563 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,551,487)  2,761,564 
International Equity Funds - 17.3%   
Fidelity Series Canada Fund (a) 4,651 47,956 
Fidelity Series Emerging Markets Fund (a) 5,898 57,738 
Fidelity Series Emerging Markets Opportunities Fund (a) 28,244 523,357 
Fidelity Series International Growth Fund (a) 26,641 404,676 
Fidelity Series International Index Fund (a) 10,796 106,013 
Fidelity Series International Small Cap Fund (a) 6,795 105,521 
Fidelity Series International Value Fund (a) 42,756 397,626 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,529,941)  1,642,887 
Bond Funds - 42.1%   
Fidelity Series Corporate Bond Fund (a) 52,191 529,736 
Fidelity Series Emerging Markets Debt Fund (a) 6,930 66,460 
Fidelity Series Floating Rate High Income Fund (a) 1,520 14,094 
Fidelity Series Government Bond Index Fund (a) 71,119 726,831 
Fidelity Series High Income Fund (a) 10,966 103,077 
Fidelity Series Inflation-Protected Bond Index Fund (a) 71,376 698,054 
Fidelity Series Investment Grade Bond Fund (a) 69,250 774,219 
Fidelity Series Investment Grade Securitized Fund (a) 53,616 546,344 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 54,861 486,619 
Fidelity Series Real Estate Income Fund (a) 4,098 44,713 
TOTAL BOND FUNDS   
(Cost $3,889,458)  3,990,147 
Short-Term Funds - 11.4%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 218,048 218,048 
Fidelity Series Short-Term Credit Fund (a) 21,985 219,186 
Fidelity Series Treasury Bill Index Fund (a) 64,680 646,150 
TOTAL SHORT-TERM FUNDS   
(Cost $1,081,733)  1,083,433 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $9,052,619)  9,478,031 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,457) 
NET ASSETS - 100%  $9,475,574 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $571,144 $97,591 $7,096 $(5,829) $52,540 $520,264 
Fidelity Series Canada Fund -- 52,570 7,743 139 (204) 3,333 47,956 
Fidelity Series Commodity Strategy Fund -- 243,629 22,065 1,287 (1,436) 4,215 224,343 
Fidelity Series Corporate Bond Fund -- 578,153 66,008 5,171 (98) 17,689 529,736 
Fidelity Series Emerging Markets Debt Fund -- 71,540 6,296 854 22 1,194 66,460 
Fidelity Series Emerging Markets Fund -- 61,617 7,222 30 (75) 3,418 57,738 
Fidelity Series Emerging Markets Opportunities Fund -- 559,935 77,238 5,489 (1,181) 41,841 523,357 
Fidelity Series Floating Rate High Income Fund -- 16,686 2,680 265 (56) 144 14,094 
Fidelity Series Government Bond Index Fund -- 799,928 85,536 4,633 (20) 12,459 726,831 
Fidelity Series Government Money Market Fund 2.5% -- 243,423 25,375 1,273 -- -- 218,048 
Fidelity Series High Income Fund -- 132,646 33,022 1,873 (127) 3,580 103,077 
Fidelity Series Inflation-Protected Bond Index Fund -- 763,960 79,455 2,087 (664) 14,213 698,054 
Fidelity Series International Growth Fund -- 442,124 68,427 3,458 (2,881) 33,860 404,676 
Fidelity Series International Index Fund -- 115,683 15,825 80 (324) 6,479 106,013 
Fidelity Series International Small Cap Fund -- 117,156 17,106 1,298 (1,144) 6,615 105,521 
Fidelity Series International Value Fund -- 438,761 55,365 1,899 (3,170) 17,400 397,626 
Fidelity Series Investment Grade Bond Fund -- 849,541 94,116 6,349 103 18,691 774,219 
Fidelity Series Investment Grade Securitized Fund -- 610,743 73,602 4,404 90 9,113 546,344 
Fidelity Series Large Cap Growth Index Fund -- 441,317 74,610 277 (1,276) 41,801 407,232 
Fidelity Series Large Cap Stock Fund -- 446,990 68,811 2,095 (3,629) 31,475 406,025 
Fidelity Series Large Cap Value Index Fund -- 839,578 122,427 8,766 (5,828) 48,990 760,313 
Fidelity Series Long-Term Treasury Bond Index Fund -- 522,050 57,073 3,363 (100) 21,742 486,619 
Fidelity Series Real Estate Income Fund -- 48,096 5,092 494 (155) 1,864 44,713 
Fidelity Series Short-Term Credit Fund -- 242,392 25,358 1,447 15 2,137 219,186 
Fidelity Series Small Cap Opportunities Fund -- 224,955 37,969 2,471 (3,033) 18,871 202,824 
Fidelity Series Treasury Bill Index Fund -- 731,378 84,750 4,536 (41) (437) 646,150 
Fidelity Series Value Discovery Fund -- 265,258 34,725 1,910 (2,155) 12,185 240,563 
 $-- $10,431,253 $1,345,487 $73,044 $(33,196) $425,412 $9,477,982 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $9,052,570) 9,477,982  
Total Investment in Securities (cost $9,052,619)  $9,478,031 
Cash  147 
Receivable for investments sold  45,251 
Receivable for fund shares sold  1,525 
Total assets  9,524,954 
Liabilities   
Payable for investments purchased $33,369  
Payable for fund shares redeemed 13,353  
Accrued management fee 2,423  
Distribution and service plan fees payable 235  
Total liabilities  49,380 
Net Assets  $9,475,574 
Net Assets consist of:   
Paid in capital  $9,042,296 
Total distributable earnings (loss)  433,278 
Net Assets  $9,475,574 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($194,646 ÷ 19,644 shares)  $9.91 
Maximum offering price per share (100/94.25 of $9.91)  $10.51 
Class M:   
Net Asset Value and redemption price per share ($100,701 ÷ 10,168 shares)  $9.90 
Maximum offering price per share (100/96.50 of $9.90)  $10.26 
Class C:   
Net Asset Value and offering price per share ($144,357 ÷ 14,629 shares)(a)  $9.87 
Fidelity Freedom Blend 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($467,636 ÷ 47,200 shares)  $9.91 
Class K:   
Net Asset Value, offering price and redemption price per share ($101,055 ÷ 10,189 shares)  $9.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($8,164,014 ÷ 823,147 shares)  $9.92 
Class I:   
Net Asset Value, offering price and redemption price per share ($100,996 ÷ 10,186 shares)  $9.92 
Class Z:   
Net Asset Value, offering price and redemption price per share ($101,055 ÷ 10,189 shares)  $9.92 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($101,114 ÷ 10,193 shares)  $9.92 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $45,588 
Income from Fidelity Central Funds  195 
Total income  45,783 
Expenses   
Management fee $7,867  
Distribution and service plan fees 1,350  
Independent trustees' fees and expenses  
Total expenses  9,223 
Net investment income (loss)  36,560 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (33,196)  
Capital gain distributions from underlying funds:   
Affiliated issuers 27,456  
Total net realized gain (loss)  (5,740) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 425,412  
Total change in net unrealized appreciation (depreciation)  425,412 
Net gain (loss)  419,672 
Net increase (decrease) in net assets resulting from operations  $456,232 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $36,560 
Net realized gain (loss) (5,740) 
Change in net unrealized appreciation (depreciation) 425,412 
Net increase (decrease) in net assets resulting from operations 456,232 
Distributions to shareholders (22,954) 
Total distributions (22,954) 
Share transactions - net increase (decrease) 9,042,296 
Total increase (decrease) in net assets 9,475,574 
Net Assets  
Beginning of period – 
End of period $9,475,574 

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


Financial Highlights

Fidelity Freedom Blend 2015 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) C 
Total from investment operations .07 
Distributions from net investment income (.09) 
Distributions from net realized gain (.07) 
Total distributions (.16) 
Net asset value, end of period $9.91 
Total ReturnD,E .85% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .74%H 
Expenses net of fee waivers, if any .74%H 
Expenses net of all reductions .74%H 
Net investment income (loss) 1.24%H 
Supplemental Data  
Net assets, end of period (000 omitted) $195 
Portfolio turnover rateG 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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 Freedom Blend 2015 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) C 
Total from investment operations .06 
Distributions from net investment income (.09) 
Distributions from net realized gain (.07) 
Total distributions (.16) 
Net asset value, end of period $9.90 
Total ReturnD,E .67% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .99%H 
Expenses net of fee waivers, if any .99%H 
Expenses net of all reductions .99%H 
Net investment income (loss) .99%H 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateG 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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 Freedom Blend 2015 Fund Class C

Year ended March 31, 2019 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) C 
Total from investment operations .03 
Distributions from net investment income (.09) 
Distributions from net realized gain (.07) 
Total distributions (.16) 
Net asset value, end of period $9.87 
Total ReturnD,E .43% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.50%H,I 
Expenses net of fee waivers, if any 1.50%H,I 
Expenses net of all reductions 1.50%H,I 
Net investment income (loss) .48%H 
Supplemental Data  
Net assets, end of period (000 omitted) $144 
Portfolio turnover rateG 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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

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

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


Fidelity Freedom Blend 2015 Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .01 
Total from investment operations .09 
Distributions from net investment income (.11) 
Distributions from net realized gain (.07) 
Total distributions (.18) 
Net asset value, end of period $9.91 
Total ReturnC 1.02% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .49%F 
Expenses net of fee waivers, if any .49%F 
Expenses net of all reductions .49%F 
Net investment income (loss) 1.49%F 
Supplemental Data  
Net assets, end of period (000 omitted) $468 
Portfolio turnover rateE 52%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2015 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) C 
Total from investment operations .09 
Distributions from net investment income (.11) 
Distributions from net realized gain (.07) 
Total distributions (.17)D 
Net asset value, end of period $9.92 
Total ReturnE 1.07% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .39%H 
Expenses net of fee waivers, if any .39%H 
Expenses net of all reductions .39%H 
Net investment income (loss) 1.59%H 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateG 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.069 per share.

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

 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 Freedom Blend 2015 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) .01 
Total from investment operations .10 
Distributions from net investment income (.11) 
Distributions from net realized gain (.07) 
Total distributions (.18) 
Net asset value, end of period $9.92 
Total ReturnC 1.12% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .30%F,G 
Expenses net of fee waivers, if any .30%F,G 
Expenses net of all reductions .30%F,G 
Net investment income (loss) 1.68%F 
Supplemental Data  
Net assets, end of period (000 omitted) $8,164 
Portfolio turnover rateE 52%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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

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


Fidelity Freedom Blend 2015 Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) .01 
Total from investment operations .09 
Distributions from net investment income (.10) 
Distributions from net realized gain (.07) 
Total distributions (.17) 
Net asset value, end of period $9.92 
Total ReturnC 1.04% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .49%F 
Expenses net of fee waivers, if any .49%F 
Expenses net of all reductions .49%F 
Net investment income (loss) 1.49%F 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateE 52%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 F Annualized

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


Fidelity Freedom Blend 2015 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) C 
Total from investment operations .09 
Distributions from net investment income (.11) 
Distributions from net realized gain (.07) 
Total distributions (.17)D 
Net asset value, end of period $9.92 
Total ReturnE 1.07% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .39%H 
Expenses net of fee waivers, if any .39%H 
Expenses net of all reductions .39%H 
Net investment income (loss) 1.59%H 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateG 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.069 per share.

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

 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 Freedom Blend 2015 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) C 
Total from investment operations .10 
Distributions from net investment income (.11) 
Distributions from net realized gain (.07) 
Total distributions (.18) 
Net asset value, end of period $9.92 
Total ReturnD 1.12% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .29%G 
Expenses net of fee waivers, if any .29%G 
Expenses net of all reductions .29%G 
Net investment income (loss) 1.69%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 52%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 Freedom® Blend 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 9.7 
Fidelity Series Investment Grade Bond Fund 7.2 
Fidelity Series Government Bond Index Fund 6.8 
Fidelity Series Blue Chip Growth Fund 6.6 
Fidelity Series Emerging Markets Opportunities Fund 6.1 
Fidelity Series Inflation-Protected Bond Index Fund 5.4 
Fidelity Series Long-Term Treasury Bond Index Fund 5.3 
Fidelity Series Large Cap Growth Index Fund 5.2 
Fidelity Series Large Cap Stock Fund 5.1 
Fidelity Series Treasury Bill Index Fund 5.1 
 62.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 34.6% 
   International Equity Funds 19.7% 
   Bond Funds 37.1% 
   Short-Term Funds 8.6% 


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

Fidelity Freedom® Blend 2020 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 34.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 107,954 $1,592,321 
Fidelity Series Commodity Strategy Fund (a) 119,763 571,268 
Fidelity Series Large Cap Growth Index Fund (a) 123,646 1,246,354 
Fidelity Series Large Cap Stock Fund (a) 84,557 1,238,767 
Fidelity Series Large Cap Value Index Fund (a) 187,107 2,321,999 
Fidelity Series Small Cap Opportunities Fund (a) 45,829 616,858 
Fidelity Series Value Discovery Fund (a) 58,636 732,368 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $7,572,746)  8,319,935 
International Equity Funds - 19.7%   
Fidelity Series Canada Fund (a) 13,604 140,253 
Fidelity Series Emerging Markets Fund (a) 16,541 161,941 
Fidelity Series Emerging Markets Opportunities Fund (a) 79,187 1,467,329 
Fidelity Series International Growth Fund (a) 77,938 1,183,883 
Fidelity Series International Index Fund (a) 31,564 309,955 
Fidelity Series International Small Cap Fund (a) 19,862 308,451 
Fidelity Series International Value Fund (a) 124,976 1,162,276 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,352,137)  4,734,088 
Bond Funds - 37.1%   
Fidelity Series Corporate Bond Fund (a) 116,473 1,182,202 
Fidelity Series Emerging Markets Debt Fund (a) 17,573 168,522 
Fidelity Series Floating Rate High Income Fund (a) 3,899 36,143 
Fidelity Series Government Bond Index Fund (a) 159,414 1,629,215 
Fidelity Series High Income Fund (a) 28,515 268,041 
Fidelity Series Inflation-Protected Bond Index Fund (a) 133,762 1,308,189 
Fidelity Series Investment Grade Bond Fund (a) 154,542 1,727,776 
Fidelity Series Investment Grade Securitized Fund (a) 119,654 1,219,272 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 142,314 1,262,323 
Fidelity Series Real Estate Income Fund (a) 10,403 113,494 
TOTAL BOND FUNDS   
(Cost $8,677,341)  8,915,177 
Short-Term Funds - 8.6%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 420,634 420,634 
Fidelity Series Short-Term Credit Fund (a) 42,414 422,871 
Fidelity Series Treasury Bill Index Fund (a) 123,715 1,235,916 
TOTAL SHORT-TERM FUNDS   
(Cost $2,076,040)  2,079,470 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $22,678,264)  24,048,670 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (6,650) 
NET ASSETS - 100%  $24,042,020 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $1,800,164 $398,318 $8,801 $5,614 $184,861 $1,592,321 
Fidelity Series Canada Fund -- 160,221 32,578 181 773 11,837 140,253 
Fidelity Series Commodity Strategy Fund -- 648,799 91,137 1,294 (448) 14,054 571,268 
Fidelity Series Corporate Bond Fund -- 1,358,492 219,468 11,166 847 42,331 1,182,202 
Fidelity Series Emerging Markets Debt Fund -- 190,503 25,761 2,091 101 3,679 168,522 
Fidelity Series Emerging Markets Fund -- 180,704 29,721 38 616 10,342 161,941 
Fidelity Series Emerging Markets Opportunities Fund -- 1,645,663 319,927 6,890 5,344 136,249 1,467,329 
Fidelity Series Floating Rate High Income Fund -- 43,048 7,410 569 (10) 515 36,143 
Fidelity Series Government Bond Index Fund -- 1,861,315 258,902 10,029 (252) 27,054 1,629,215 
Fidelity Series Government Money Market Fund 2.5% -- 487,341 66,707 2,399 -- -- 420,634 
Fidelity Series High Income Fund -- 355,080 99,245 4,471 1,075 11,131 268,041 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,494,403 214,852 2,320 159 28,479 1,308,189 
Fidelity Series International Growth Fund -- 1,344,398 279,152 4,529 4,458 114,179 1,183,883 
Fidelity Series International Index Fund -- 353,281 66,481 105 1,114 22,041 309,955 
Fidelity Series International Small Cap Fund -- 355,206 70,463 1,701 280 23,428 308,451 
Fidelity Series International Value Fund -- 1,344,062 245,784 2,492 123 63,875 1,162,276 
Fidelity Series Investment Grade Bond Fund -- 1,983,397 300,263 13,541 747 43,895 1,727,776 
Fidelity Series Investment Grade Securitized Fund -- 1,418,649 219,976 9,559 369 20,230 1,219,272 
Fidelity Series Large Cap Growth Index Fund -- 1,399,748 307,146 375 8,350 145,402 1,246,354 
Fidelity Series Large Cap Stock Fund -- 1,415,448 293,008 2,824 5,406 110,921 1,238,767 
Fidelity Series Large Cap Value Index Fund -- 2,662,014 525,158 19,447 9,326 175,817 2,321,999 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,408,713 200,649 8,402 (865) 55,124 1,262,323 
Fidelity Series Real Estate Income Fund -- 128,726 20,744 853 114 5,398 113,494 
Fidelity Series Short-Term Credit Fund -- 485,157 66,672 2,678 95 4,291 422,871 
Fidelity Series Small Cap Opportunities Fund -- 705,911 161,437 3,089 2,634 69,750 616,858 
Fidelity Series Treasury Bill Index Fund -- 1,464,735 227,768 8,626 (190) (861) 1,235,916 
Fidelity Series Value Discovery Fund -- 838,575 153,326 2,598 735 46,384 732,368 
 $-- $27,533,753 $4,902,053 $131,068 $46,515 $1,370,406 $24,048,621 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $22,678,215) 24,048,621  
Total Investment in Securities (cost $22,678,264)  $24,048,670 
Cash  147 
Receivable for investments sold  93,032 
Receivable for fund shares sold  14,318 
Total assets  24,156,167 
Liabilities   
Payable for investments purchased $107,355  
Accrued management fee 6,246  
Distribution and service plan fees payable 546  
Total liabilities  114,147 
Net Assets  $24,042,020 
Net Assets consist of:   
Paid in capital  $22,542,143 
Total distributable earnings (loss)  1,499,877 
Net Assets  $24,042,020 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($894,033 ÷ 90,165 shares)  $9.92 
Maximum offering price per share (100/94.25 of $9.92)  $10.53 
Class M:   
Net Asset Value and redemption price per share ($106,521 ÷ 10,733 shares)  $9.92 
Maximum offering price per share (100/96.50 of $9.92)  $10.28 
Class C:   
Net Asset Value and offering price per share ($385,194 ÷ 38,919 shares)(a)  $9.90 
Fidelity Freedom Blend 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($1,168,454 ÷ 117,754 shares)  $9.92 
Class K:   
Net Asset Value, offering price and redemption price per share ($100,724 ÷ 10,134 shares)  $9.94 
Class K6:   
Net Asset Value, offering price and redemption price per share ($21,064,810 ÷ 2,119,219 shares)  $9.94 
Class I:   
Net Asset Value, offering price and redemption price per share ($120,777 ÷ 12,154 shares)  $9.94 
Class Z:   
Net Asset Value, offering price and redemption price per share ($100,724 ÷ 10,134 shares)  $9.94 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($100,783 ÷ 10,138 shares)  $9.94 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $89,633 
Income from Fidelity Central Funds  195 
Total income  89,828 
Expenses   
Management fee $19,197  
Distribution and service plan fees 1,806  
Independent trustees' fees and expenses 14  
Total expenses  21,017 
Net investment income (loss)  68,811 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 46,515  
Capital gain distributions from underlying funds:   
Affiliated issuers 41,435  
Total net realized gain (loss)  87,950 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,370,406  
Total change in net unrealized appreciation (depreciation)  1,370,406 
Net gain (loss)  1,458,356 
Net increase (decrease) in net assets resulting from operations  $1,527,167 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $68,811 
Net realized gain (loss) 87,950 
Change in net unrealized appreciation (depreciation) 1,370,406 
Net increase (decrease) in net assets resulting from operations 1,527,167 
Distributions to shareholders (27,290) 
Total distributions (27,290) 
Share transactions - net increase (decrease) 22,542,143 
Total increase (decrease) in net assets 24,042,020 
Net Assets  
Beginning of period – 
End of period $24,042,020 

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


Financial Highlights

Fidelity Freedom Blend 2020 Fund Class A

Year ended March 31, 2019 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) (.01)C 
Total from investment operations .04 
Distributions from net investment income (.07) 
Distributions from net realized gain (.05) 
Total distributions (.12) 
Net asset value, end of period $9.92 
Total ReturnD,E .55% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .77%H,I 
Expenses net of fee waivers, if any .77%H,I 
Expenses net of all reductions .77%H,I 
Net investment income (loss) .81%H 
Supplemental Data  
Net assets, end of period (000 omitted) $894 
Portfolio turnover rateG 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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

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

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


Fidelity Freedom Blend 2020 Fund Class M

Year ended March 31, 2019 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) (.01)C 
Total from investment operations .02 
Distributions from net investment income (.05) 
Distributions from net realized gain (.05) 
Total distributions (.10) 
Net asset value, end of period $9.92 
Total ReturnD,E .33% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.00%H 
Expenses net of fee waivers, if any 1.00%H 
Expenses net of all reductions 1.00%H 
Net investment income (loss) .58%H 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateG 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2020 Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) C 
Total from investment operations C 
Distributions from net investment income (.05) 
Distributions from net realized gain (.05) 
Total distributions (.10) 
Net asset value, end of period $9.90 
Total ReturnD,E .08% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.52%H,I 
Expenses net of fee waivers, if any 1.52%H,I 
Expenses net of all reductions 1.52%H,I 
Net investment income (loss) .06%H 
Supplemental Data  
Net assets, end of period (000 omitted) $385 
Portfolio turnover rateG 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 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. 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

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

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


Fidelity Freedom Blend 2020 Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.01)C 
Total from investment operations .05 
Distributions from net investment income (.08) 
Distributions from net realized gain (.05) 
Total distributions (.13) 
Net asset value, end of period $9.92 
Total ReturnD .63% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .50%G 
Expenses net of fee waivers, if any .50%G 
Expenses net of all reductions .50%G 
Net investment income (loss) 1.08%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,168 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2020 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) (.01)C 
Total from investment operations .06 
Distributions from net investment income (.07) 
Distributions from net realized gain (.05) 
Total distributions (.12) 
Net asset value, end of period $9.94 
Total ReturnD .73% 
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) 1.18%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2020 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) C 
Total from investment operations .07 
Distributions from net investment income (.08) 
Distributions from net realized gain (.05) 
Total distributions (.13) 
Net asset value, end of period $9.94 
Total ReturnD .77% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .31%G,H 
Expenses net of fee waivers, if any .31%G,H 
Expenses net of all reductions .31%G,H 
Net investment income (loss) 1.27%G 
Supplemental Data  
Net assets, end of period (000 omitted) $21,065 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

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


Fidelity Freedom Blend 2020 Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) C 
Total from investment operations .06 
Distributions from net investment income (.07) 
Distributions from net realized gain (.05) 
Total distributions (.12) 
Net asset value, end of period $9.94 
Total ReturnD .69% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .50%G 
Expenses net of fee waivers, if any .50%G 
Expenses net of all reductions .50%G 
Net investment income (loss) 1.08%G 
Supplemental Data  
Net assets, end of period (000 omitted) $121 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

 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 Freedom Blend 2020 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) (.01)C 
Total from investment operations .06 
Distributions from net investment income (.07) 
Distributions from net realized gain (.05) 
Total distributions (.12) 
Net asset value, end of period $9.94 
Total ReturnD .73% 
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) 1.18%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2020 Fund Class Z6

  
Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) C 
Total from investment operations .07 
Distributions from net investment income (.08) 
Distributions from net realized gain (.05) 
Total distributions (.13) 
Net asset value, end of period $9.94 
Total ReturnD .77% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .30%G 
Expenses net of fee waivers, if any .30%G 
Expenses net of all reductions .30%G 
Net investment income (loss) 1.28%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 Freedom® Blend 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 11.1 
Fidelity Series Blue Chip Growth Fund 7.6 
Fidelity Series Emerging Markets Opportunities Fund 6.6 
Fidelity Series Investment Grade Bond Fund 6.1 
Fidelity Series Large Cap Growth Index Fund 6.0 
Fidelity Series Large Cap Stock Fund 5.9 
Fidelity Series Government Bond Index Fund 5.8 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Series International Growth Fund 5.5 
Fidelity Series International Value Fund 5.4 
 65.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.4% 
   International Equity Funds 21.7% 
   Bond Funds 32.9% 
   Short-Term Funds 6.0% 


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

Fidelity Freedom® Blend 2025 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 39.4%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 227,151 $3,350,480 
Fidelity Series Commodity Strategy Fund (a) 218,537 1,042,420 
Fidelity Series Large Cap Growth Index Fund (a) 260,171 2,622,519 
Fidelity Series Large Cap Stock Fund (a) 178,064 2,608,633 
Fidelity Series Large Cap Value Index Fund (a) 393,917 4,888,512 
Fidelity Series Small Cap Opportunities Fund (a) 96,586 1,300,048 
Fidelity Series Value Discovery Fund (a) 123,546 1,543,092 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $15,957,362)  17,355,704 
International Equity Funds - 21.7%   
Fidelity Series Canada Fund (a) 27,726 285,856 
Fidelity Series Emerging Markets Fund (a) 32,781 320,929 
Fidelity Series Emerging Markets Opportunities Fund (a) 156,971 2,908,667 
Fidelity Series International Growth Fund (a) 158,818 2,412,440 
Fidelity Series International Index Fund (a) 64,322 631,642 
Fidelity Series International Small Cap Fund (a) 40,478 628,628 
Fidelity Series International Value Fund (a) 254,378 2,365,715 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $8,871,815)  9,553,877 
Bond Funds - 32.9%   
Fidelity Series Corporate Bond Fund (a) 181,967 1,846,960 
Fidelity Series Emerging Markets Debt Fund (a) 32,200 308,801 
Fidelity Series Floating Rate High Income Fund (a) 7,144 66,227 
Fidelity Series Government Bond Index Fund (a) 248,773 2,542,458 
Fidelity Series High Income Fund (a) 53,911 506,764 
Fidelity Series Inflation-Protected Bond Index Fund (a) 195,722 1,914,163 
Fidelity Series Investment Grade Bond Fund (a) 241,383 2,698,664 
Fidelity Series Investment Grade Securitized Fund (a) 186,933 1,904,845 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 283,845 2,517,705 
Fidelity Series Real Estate Income Fund (a) 19,070 208,057 
TOTAL BOND FUNDS   
(Cost $14,145,856)  14,514,644 
Short-Term Funds - 6.0%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 541,049 541,049 
Fidelity Series Short-Term Credit Fund (a) 54,553 543,898 
Fidelity Series Treasury Bill Index Fund (a) 157,110 1,569,529 
TOTAL SHORT-TERM FUNDS   
(Cost $2,650,478)  2,654,525 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $41,625,511)  44,078,750 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (11,891) 
NET ASSETS - 100%  $44,066,859 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $3,254,148 $248,692 $10,088 $(3,233) $348,257 $3,350,480 
Fidelity Series Canada Fund -- 285,566 20,202 204 (143) 20,635 285,856 
Fidelity Series Commodity Strategy Fund -- 1,046,735 24,830 1,288 (1,549) 22,064 1,042,420 
Fidelity Series Corporate Bond Fund -- 1,866,109 79,971 14,969 (130) 60,952 1,846,960 
Fidelity Series Emerging Markets Debt Fund -- 311,625 8,309 3,294 (4) 5,489 308,801 
Fidelity Series Emerging Markets Fund -- 313,120 10,106 42 (262) 18,177 320,929 
Fidelity Series Emerging Markets Opportunities Fund -- 2,827,407 152,711 7,693 (3,797) 237,768 2,908,667 
Fidelity Series Floating Rate High Income Fund -- 67,746 2,293 859 (52) 826 66,227 
Fidelity Series Government Bond Index Fund -- 2,584,316 81,210 13,456 24 39,328 2,542,458 
Fidelity Series Government Money Market Fund 2.5% -- 558,140 17,091 2,661 -- -- 541,049 
Fidelity Series High Income Fund -- 568,139 79,942 6,975 (235) 18,802 506,764 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,936,702 60,155 2,437 (394) 38,010 1,914,163 
Fidelity Series International Growth Fund -- 2,352,475 147,866 5,218 (1,825) 209,656 2,412,440 
Fidelity Series International Index Fund -- 621,649 29,577 118 (590) 40,160 631,642 
Fidelity Series International Small Cap Fund -- 622,946 35,286 1,958 (1,455) 42,423 628,628 
Fidelity Series International Value Fund -- 2,364,549 107,990 2,879 (4,087) 113,243 2,365,715 
Fidelity Series Investment Grade Bond Fund -- 2,745,425 109,980 18,099 (14) 63,233 2,698,664 
Fidelity Series Investment Grade Securitized Fund -- 1,972,613 96,723 12,846 (21) 28,976 1,904,845 
Fidelity Series Large Cap Growth Index Fund -- 2,534,764 188,196 434 (3,482) 279,433 2,622,519 
Fidelity Series Large Cap Stock Fund -- 2,563,790 158,596 3,339 (3,110) 206,549 2,608,633 
Fidelity Series Large Cap Value Index Fund -- 4,816,274 244,860 35,917 (10,540) 327,638 4,888,512 
Fidelity Series Long-Term Treasury Bond Index Fund -- 2,529,431 116,428 14,553 342 104,360 2,517,705 
Fidelity Series Real Estate Income Fund -- 205,887 6,508 1,337 (134) 8,812 208,057 
Fidelity Series Short-Term Credit Fund -- 555,908 17,091 2,957 5,074 543,898 
Fidelity Series Small Cap Opportunities Fund -- 1,275,480 101,675 3,543 (1,922) 128,165 1,300,048 
Fidelity Series Treasury Bill Index Fund -- 1,676,535 105,909 9,501 (70) (1,027) 1,569,529 
Fidelity Series Value Discovery Fund -- 1,523,705 63,083 3,081 (3,766) 86,236 1,543,092 
 $-- $43,981,184 $2,315,280 $179,746 $(40,442) $2,453,239 $44,078,701 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $41,625,462) 44,078,701  
Total Investment in Securities (cost $41,625,511)  $44,078,750 
Cash  147 
Receivable for investments sold  174,237 
Receivable for fund shares sold  17,172 
Total assets  44,270,306 
Liabilities   
Payable for investments purchased $191,409  
Payable for fund shares redeemed  
Accrued management fee 11,461  
Distribution and service plan fees payable 576  
Total liabilities  203,447 
Net Assets  $44,066,859 
Net Assets consist of:   
Paid in capital  $41,535,170 
Total distributable earnings (loss)  2,531,689 
Net Assets  $44,066,859 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($168,492 ÷ 17,156 shares)  $9.82 
Maximum offering price per share (100/94.25 of $9.82)  $10.42 
Class M:   
Net Asset Value and redemption price per share ($746,071 ÷ 75,989 shares)  $9.82 
Maximum offering price per share (100/96.50 of $9.82)  $10.18 
Class C:   
Net Asset Value and offering price per share ($298,211 ÷ 30,407 shares)(a)  $9.81 
Fidelity Freedom Blend 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($1,621,125 ÷ 165,059 shares)  $9.82 
Class K:   
Net Asset Value, offering price and redemption price per share ($100,509 ÷ 10,220 shares)  $9.83 
Class K6:   
Net Asset Value, offering price and redemption price per share ($40,827,895 ÷ 4,151,179 shares)  $9.84 
Class I:   
Net Asset Value, offering price and redemption price per share ($100,450 ÷ 10,217 shares)  $9.83 
Class Z:   
Net Asset Value, offering price and redemption price per share ($100,509 ÷ 10,220 shares)  $9.83 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($103,597 ÷ 10,531 shares)  $9.84 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $120,280 
Income from Fidelity Central Funds  195 
Total income  120,475 
Expenses   
Management fee $30,012  
Distribution and service plan fees 1,497  
Independent trustees' fees and expenses 20  
Total expenses  31,529 
Net investment income (loss)  88,946 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (40,442)  
Capital gain distributions from underlying funds:   
Affiliated issuers 59,466  
Total net realized gain (loss)  19,024 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 2,453,239  
Total change in net unrealized appreciation (depreciation)  2,453,239 
Net gain (loss)  2,472,263 
Net increase (decrease) in net assets resulting from operations  $2,561,209 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $88,946 
Net realized gain (loss) 19,024 
Change in net unrealized appreciation (depreciation) 2,453,239 
Net increase (decrease) in net assets resulting from operations 2,561,209 
Distributions to shareholders (29,520) 
Total distributions (29,520) 
Share transactions - net increase (decrease) 41,535,170 
Total increase (decrease) in net assets 44,066,859 
Net Assets  
Beginning of period – 
End of period $44,066,859 

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


Financial Highlights

Fidelity Freedom Blend 2025 Fund Class A

Year ended March 31, 2019 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) (.02)C 
Total from investment operations .01 
Distributions from net investment income (.11) 
Distributions from net realized gain (.08) 
Total distributions (.19) 
Net asset value, end of period $9.82 
Total ReturnD,E .29% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .76%H 
Expenses net of fee waivers, if any .76%H 
Expenses net of all reductions .76%H 
Net investment income (loss) .58%H 
Supplemental Data  
Net assets, end of period (000 omitted) $168 
Portfolio turnover rateG 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2025 Fund Class M

Year ended March 31, 2019 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) (.02)C 
Total from investment operations – 
Distributions from net investment income (.10) 
Distributions from net realized gain (.08) 
Total distributions (.18) 
Net asset value, end of period $9.82 
Total ReturnD,E .16% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.02%H,I 
Expenses net of fee waivers, if any 1.02%H,I 
Expenses net of all reductions 1.02%H,I 
Net investment income (loss) .32%H 
Supplemental Data  
Net assets, end of period (000 omitted) $746 
Portfolio turnover rateG 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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

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

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


Fidelity Freedom Blend 2025 Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.02)C 
Total from investment operations (.03) 
Distributions from net investment income (.09) 
Distributions from net realized gain (.08) 
Total distributions (.16)D 
Net asset value, end of period $9.81 
Total ReturnE,F (.12)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.51%I 
Expenses net of fee waivers, if any 1.51%I 
Expenses net of all reductions 1.51%I 
Net investment income (loss) (.17)%I 
Supplemental Data  
Net assets, end of period (000 omitted) $298 
Portfolio turnover rateH 23%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.16 per share is comprised of distributions from net investment income of $.085 and distributions from net realized gain of $.078 per share.

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

 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

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


Fidelity Freedom Blend 2025 Fund

Year ended March 31, 2019 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) (.03)C 
Total from investment operations .02 
Distributions from net investment income (.13) 
Distributions from net realized gain (.08) 
Total distributions (.20)D 
Net asset value, end of period $9.82 
Total ReturnE .42% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .52%H,I 
Expenses net of fee waivers, if any .52%H,I 
Expenses net of all reductions .52%H,I 
Net investment income (loss) .83%H 
Supplemental Data  
Net assets, end of period (000 omitted) $1,621 
Portfolio turnover rateG 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.20 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.078 per share.

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

 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

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

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


Fidelity Freedom Blend 2025 Fund Class K

Year ended March 31, 2019 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) (.02)C 
Total from investment operations .03 
Distributions from net investment income (.12) 
Distributions from net realized gain (.08) 
Total distributions (.20) 
Net asset value, end of period $9.83 
Total ReturnD .47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .41%G 
Expenses net of fee waivers, if any .41%G 
Expenses net of all reductions .41%G 
Net investment income (loss) .93%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2025 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.02)C 
Total from investment operations .04 
Distributions from net investment income (.12) 
Distributions from net realized gain (.08) 
Total distributions (.20) 
Net asset value, end of period $9.84 
Total ReturnD .60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .32%G,H 
Expenses net of fee waivers, if any .32%G,H 
Expenses net of all reductions .32%G,H 
Net investment income (loss) 1.02%G 
Supplemental Data  
Net assets, end of period (000 omitted) $40,828 
Portfolio turnover rateF 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2025 Fund Class I

Year ended March 31, 2019 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) (.02)C 
Total from investment operations .03 
Distributions from net investment income (.12) 
Distributions from net realized gain (.08) 
Total distributions (.20) 
Net asset value, end of period $9.83 
Total ReturnD .43% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .51%G 
Expenses net of fee waivers, if any .51%G 
Expenses net of all reductions .51%G 
Net investment income (loss) .83%G 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateF 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2025 Fund Class Z

Year ended March 31, 2019 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) (.02)C 
Total from investment operations .03 
Distributions from net investment income (.12) 
Distributions from net realized gain (.08) 
Total distributions (.20) 
Net asset value, end of period $9.83 
Total ReturnD .47% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .41%G 
Expenses net of fee waivers, if any .41%G 
Expenses net of all reductions .41%G 
Net investment income (loss) .93%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2025 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.02)C 
Total from investment operations .04 
Distributions from net investment income (.12) 
Distributions from net realized gain (.08) 
Total distributions (.20) 
Net asset value, end of period $9.84 
Total ReturnD .60% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .31%G 
Expenses net of fee waivers, if any .31%G 
Expenses net of all reductions .31%G 
Net investment income (loss) 1.03%G 
Supplemental Data  
Net assets, end of period (000 omitted) $104 
Portfolio turnover rateF 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2030 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 13.5 
Fidelity Series Blue Chip Growth Fund 9.2 
Fidelity Series Emerging Markets Opportunities Fund 7.5 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series Large Cap Stock Fund 7.2 
Fidelity Series International Growth Fund 6.4 
Fidelity Series International Value Fund 6.3 
Fidelity Series Long-Term Treasury Bond Index Fund 5.9 
Fidelity Series Investment Grade Bond Fund 4.7 
Fidelity Series Government Bond Index Fund 4.5 
 72.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 47.2% 
   International Equity Funds 25.1% 
   Bond Funds 25.8% 
   Short-Term Funds 1.9% 


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

Fidelity Freedom® Blend 2030 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 47.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 150,197 $2,215,402 
Fidelity Series Commodity Strategy Fund (a) 113,060 539,298 
Fidelity Series Large Cap Growth Index Fund (a) 172,196 1,735,738 
Fidelity Series Large Cap Stock Fund (a) 117,610 1,722,980 
Fidelity Series Large Cap Value Index Fund (a) 259,986 3,226,419 
Fidelity Series Small Cap Opportunities Fund (a) 63,945 860,698 
Fidelity Series Value Discovery Fund (a) 81,733 1,020,845 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,369,643)  11,321,380 
International Equity Funds - 25.1%   
Fidelity Series Canada Fund (a) 17,755 183,055 
Fidelity Series Emerging Markets Fund (a) 20,199 197,749 
Fidelity Series Emerging Markets Opportunities Fund (a) 96,687 1,791,612 
Fidelity Series International Growth Fund (a) 101,089 1,535,541 
Fidelity Series International Index Fund (a) 41,084 403,447 
Fidelity Series International Small Cap Fund (a) 25,878 401,884 
Fidelity Series International Value Fund (a) 163,121 1,517,027 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,588,154)  6,030,315 
Bond Funds - 25.8%   
Fidelity Series Corporate Bond Fund (a) 77,233 783,911 
Fidelity Series Emerging Markets Debt Fund (a) 17,518 167,998 
Fidelity Series Floating Rate High Income Fund (a) 3,887 36,030 
Fidelity Series Government Bond Index Fund (a) 105,084 1,073,956 
Fidelity Series High Income Fund (a) 29,802 280,135 
Fidelity Series Inflation-Protected Bond Index Fund (a) 36,883 360,714 
Fidelity Series Investment Grade Bond Fund (a) 102,154 1,142,086 
Fidelity Series Investment Grade Securitized Fund (a) 79,317 808,243 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 159,470 1,414,497 
Fidelity Series Real Estate Income Fund (a) 10,383 113,275 
TOTAL BOND FUNDS   
(Cost $6,018,079)  6,180,845 
Short-Term Funds - 1.9%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 99,943 99,943 
Fidelity Series Short-Term Credit Fund (a) 10,075 100,451 
Fidelity Series Treasury Bill Index Fund (a) 26,245 262,183 
TOTAL SHORT-TERM FUNDS   
(Cost $461,819)  462,626 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $22,437,695)  23,995,166 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (6,465) 
NET ASSETS - 100%  $23,988,701 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $2,176,859 $187,082 $11,358 $(9,398) $235,023 $2,215,402 
Fidelity Series Canada Fund -- 186,440 17,075 179 (421) 14,111 183,055 
Fidelity Series Commodity Strategy Fund -- 553,697 25,860 1,278 (1,578) 13,039 539,298 
Fidelity Series Corporate Bond Fund -- 808,110 49,561 6,507 71 25,291 783,911 
Fidelity Series Emerging Markets Debt Fund -- 172,834 8,029 1,862 (16) 3,209 167,998 
Fidelity Series Emerging Markets Fund -- 197,938 11,105 34 (127) 11,043 197,749 
Fidelity Series Emerging Markets Opportunities Fund -- 1,778,879 134,856 6,312 (2,617) 150,206 1,791,612 
Fidelity Series Floating Rate High Income Fund -- 37,990 2,399 499 (44) 483 36,030 
Fidelity Series Government Bond Index Fund -- 1,119,489 61,692 5,846 (99) 16,258 1,073,956 
Fidelity Series Government Money Market Fund 2.5% -- 105,627 5,684 511 -- -- 99,943 
Fidelity Series High Income Fund -- 315,712 45,942 3,960 (182) 10,547 280,135 
Fidelity Series Inflation-Protected Bond Index Fund -- 373,684 19,410 410 (15) 6,455 360,714 
Fidelity Series International Growth Fund -- 1,507,154 104,335 4,417 (5,370) 138,092 1,535,541 
Fidelity Series International Index Fund -- 406,179 28,179 103 (542) 25,989 403,447 
Fidelity Series International Small Cap Fund -- 401,611 25,496 1,659 (2,149) 27,918 401,884 
Fidelity Series International Value Fund -- 1,550,824 103,511 2,438 (5,088) 74,802 1,517,027 
Fidelity Series Investment Grade Bond Fund -- 1,188,645 72,818 7,868 58 26,201 1,142,086 
Fidelity Series Investment Grade Securitized Fund -- 853,824 57,511 5,569 (45) 11,975 808,243 
Fidelity Series Large Cap Growth Index Fund -- 1,691,442 139,367 391 (3,577) 187,240 1,735,738 
Fidelity Series Large Cap Stock Fund -- 1,710,217 124,971 3,033 (5,693) 143,427 1,722,980 
Fidelity Series Large Cap Value Index Fund -- 3,232,096 222,103 24,548 (8,386) 224,812 3,226,419 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,444,472 87,114 8,400 (321) 57,460 1,414,497 
Fidelity Series Real Estate Income Fund -- 114,802 6,289 794 (125) 4,887 113,275 
Fidelity Series Short-Term Credit Fund -- 105,320 5,800 570 928 100,451 
Fidelity Series Small Cap Opportunities Fund -- 847,415 70,130 3,909 (4,759) 88,172 860,698 
Fidelity Series Treasury Bill Index Fund -- 317,461 55,114 1,799 (43) (121) 262,183 
Fidelity Series Value Discovery Fund -- 1,030,634 65,931 2,705 (3,882) 60,024 1,020,845 
 $-- $24,229,355 $1,737,364 $106,959 $(54,345) $1,557,471 $23,995,117 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $22,437,646) 23,995,117  
Total Investment in Securities (cost $22,437,695)  $23,995,166 
Cash  146 
Receivable for investments sold  69,443 
Receivable for fund shares sold  16,177 
Total assets  24,080,932 
Liabilities   
Payable for investments purchased $84,502  
Payable for fund shares redeemed 1,113  
Accrued management fee 6,282  
Distribution and service plan fees payable 334  
Total liabilities  92,231 
Net Assets  $23,988,701 
Net Assets consist of:   
Paid in capital  $22,424,829 
Total distributable earnings (loss)  1,563,872 
Net Assets  $23,988,701 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($347,805 ÷ 35,918 shares)  $9.68 
Maximum offering price per share (100/94.25 of $9.68)  $10.27 
Class M:   
Net Asset Value and redemption price per share ($170,098 ÷ 17,572 shares)  $9.68 
Maximum offering price per share (100/96.50 of $9.68)  $10.03 
Class C:   
Net Asset Value and offering price per share ($259,470 ÷ 26,871 shares)(a)  $9.66 
Fidelity Freedom Blend 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($762,319 ÷ 78,679 shares)  $9.69 
Class K:   
Net Asset Value, offering price and redemption price per share ($99,804 ÷ 10,293 shares)  $9.70 
Class K6:   
Net Asset Value, offering price and redemption price per share ($21,781,426 ÷ 2,246,423 shares)  $9.70 
Class I:   
Net Asset Value, offering price and redemption price per share ($99,745 ÷ 10,290 shares)  $9.69 
Class Z:   
Net Asset Value, offering price and redemption price per share ($99,804 ÷ 10,293 shares)  $9.70 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($368,230 ÷ 37,977 shares)  $9.70 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $59,106 
Income from Fidelity Central Funds  195 
Total income  59,301 
Expenses   
Management fee $17,639  
Distribution and service plan fees 1,546  
Independent trustees' fees and expenses 12  
Total expenses  19,197 
Net investment income (loss)  40,104 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (54,345)  
Capital gain distributions from underlying funds:   
Affiliated issuers 47,853  
Total net realized gain (loss)  (6,492) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,557,471  
Total change in net unrealized appreciation (depreciation)  1,557,471 
Net gain (loss)  1,550,979 
Net increase (decrease) in net assets resulting from operations  $1,591,083 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $40,104 
Net realized gain (loss) (6,492) 
Change in net unrealized appreciation (depreciation) 1,557,471 
Net increase (decrease) in net assets resulting from operations 1,591,083 
Distributions to shareholders (27,211) 
Total distributions (27,211) 
Share transactions - net increase (decrease) 22,424,829 
Total increase (decrease) in net assets 23,988,701 
Net Assets  
Beginning of period – 
End of period $23,988,701 

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


Financial Highlights

Fidelity Freedom Blend 2030 Fund Class A

Year ended March 31, 2019 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) (.09)C 
Total from investment operations (.07) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.12) 
Total distributions (.25) 
Net asset value, end of period $9.68 
Total ReturnD,E (.45)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .78%H,I 
Expenses net of fee waivers, if any .78%H,I 
Expenses net of all reductions .78%H,I 
Net investment income (loss) .39%H 
Supplemental Data  
Net assets, end of period (000 omitted) $348 
Portfolio turnover rateG 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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

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

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


Fidelity Freedom Blend 2030 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.09)C 
Total from investment operations (.08) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.12) 
Total distributions (.24) 
Net asset value, end of period $9.68 
Total ReturnD,E (.56)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.02%H 
Expenses net of fee waivers, if any 1.02%H 
Expenses net of all reductions 1.02%H 
Net investment income (loss) .15%H 
Supplemental Data  
Net assets, end of period (000 omitted) $170 
Portfolio turnover rateG 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2030 Fund Class C

Year ended March 31, 2019 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) (.08)C 
Total from investment operations (.10) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.12) 
Total distributions (.24) 
Net asset value, end of period $9.66 
Total ReturnD,E (.81)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.52%H 
Expenses net of fee waivers, if any 1.52%H 
Expenses net of all reductions 1.52%H 
Net investment income (loss) (.35)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $259 
Portfolio turnover rateG 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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 Freedom Blend 2030 Fund

Year ended March 31, 2019 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) (.09)C 
Total from investment operations (.05) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.69 
Total ReturnD (.26)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .52%G 
Expenses net of fee waivers, if any .52%G 
Expenses net of all reductions .52%G 
Net investment income (loss) .65%G 
Supplemental Data  
Net assets, end of period (000 omitted) $762 
Portfolio turnover rateF 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2030 Fund Class K

Year ended March 31, 2019 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) (.08)C 
Total from investment operations (.04) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.70 
Total ReturnD (.15)% 
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) .75%G 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateF 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2030 Fund Class K6

Year ended March 31, 2019 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) (.09)C 
Total from investment operations (.04) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.70 
Total ReturnD (.11)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .33%G,H 
Expenses net of fee waivers, if any .33%G,H 
Expenses net of all reductions .33%G,H 
Net investment income (loss) .84%G 
Supplemental Data  
Net assets, end of period (000 omitted) $21,781 
Portfolio turnover rateF 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2030 Fund Class I

Year ended March 31, 2019 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) (.10)C 
Total from investment operations (.06) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.25)D 
Net asset value, end of period $9.69 
Total ReturnE (.29)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .52%H 
Expenses net of fee waivers, if any .52%H 
Expenses net of all reductions .52%H 
Net investment income (loss) .65%H 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateG 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.25 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.117 per share.

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

 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 Freedom Blend 2030 Fund Class Z

Year ended March 31, 2019 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) (.08)C 
Total from investment operations (.04) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.70 
Total ReturnD (.15)% 
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) .75%G 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateF 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2030 Fund Class Z6

Year ended March 31, 2019 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) (.09)C 
Total from investment operations (.04) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.70 
Total ReturnD (.11)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .32%G 
Expenses net of fee waivers, if any .32%G 
Expenses net of all reductions .32%G 
Net investment income (loss) .85%G 
Supplemental Data  
Net assets, end of period (000 omitted) $368 
Portfolio turnover rateF 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2035 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 16.4 
Fidelity Series Blue Chip Growth Fund 11.2 
Fidelity Series Large Cap Growth Index Fund 8.8 
Fidelity Series Large Cap Stock Fund 8.7 
Fidelity Series Emerging Markets Opportunities Fund 8.4 
Fidelity Series International Growth Fund 7.6 
Fidelity Series International Value Fund 7.5 
Fidelity Series Long-Term Treasury Bond Index Fund 5.7 
Fidelity Series Value Discovery Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 4.4 
 83.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.0% 
   International Equity Funds 29.3% 
   Bond Funds 11.8% 
   Short-Term Funds 1.9% 


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

Fidelity Freedom® Blend 2035 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 57.0%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 190,633 $2,811,838 
Fidelity Series Commodity Strategy Fund (a) 121,523 579,664 
Fidelity Series Large Cap Growth Index Fund (a) 218,466 2,202,137 
Fidelity Series Large Cap Stock Fund (a) 149,499 2,190,163 
Fidelity Series Large Cap Value Index Fund (a) 330,479 4,101,247 
Fidelity Series Small Cap Opportunities Fund (a) 81,283 1,094,072 
Fidelity Series Value Discovery Fund (a) 103,894 1,297,630 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $13,185,643)  14,276,751 
International Equity Funds - 29.3%   
Fidelity Series Canada Fund (a) 22,007 226,889 
Fidelity Series Emerging Markets Fund (a) 23,856 233,552 
Fidelity Series Emerging Markets Opportunities Fund (a) 114,306 2,118,088 
Fidelity Series International Growth Fund (a) 124,820 1,896,017 
Fidelity Series International Index Fund (a) 50,691 497,781 
Fidelity Series International Small Cap Fund (a) 32,000 496,953 
Fidelity Series International Value Fund (a) 201,613 1,875,003 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,861,387)  7,344,283 
Bond Funds - 11.8%   
Fidelity Series Corporate Bond Fund (a) 16,311 165,558 
Fidelity Series Emerging Markets Debt Fund (a) 18,285 175,349 
Fidelity Series Floating Rate High Income Fund (a) 4,054 37,584 
Fidelity Series Government Bond Index Fund (a) 22,454 229,478 
Fidelity Series High Income Fund (a) 30,941 290,850 
Fidelity Series Inflation-Protected Bond Index Fund (a) 7,677 75,084 
Fidelity Series Investment Grade Bond Fund (a) 21,713 242,753 
Fidelity Series Investment Grade Securitized Fund (a) 16,763 170,816 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 162,255 1,439,204 
Fidelity Series Real Estate Income Fund (a) 10,845 118,319 
TOTAL BOND FUNDS   
(Cost $2,853,860)  2,944,995 
Short-Term Funds - 1.9%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 104,467 104,467 
Fidelity Series Short-Term Credit Fund (a) 10,528 104,961 
Fidelity Series Treasury Bill Index Fund (a) 27,694 276,660 
TOTAL SHORT-TERM FUNDS   
(Cost $485,377)  486,137 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $23,386,267)  25,052,166 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (6,507) 
NET ASSETS - 100%  $25,045,659 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $2,700,841 $150,196 $14,448 $(13,758) $274,951 $2,811,838 
Fidelity Series Canada Fund -- 220,991 9,344 251 (582) 15,824 226,889 
Fidelity Series Commodity Strategy Fund -- 579,958 10,038 1,308 (554) 10,298 579,664 
Fidelity Series Corporate Bond Fund -- 163,408 2,549 1,165 4,697 165,558 
Fidelity Series Emerging Markets Debt Fund -- 174,890 2,562 1,824 (1) 3,022 175,349 
Fidelity Series Emerging Markets Fund -- 226,570 4,749 47 (68) 11,799 233,552 
Fidelity Series Emerging Markets Opportunities Fund -- 2,025,385 65,943 8,573 (3,701) 162,347 2,118,088 
Fidelity Series Floating Rate High Income Fund -- 38,361 1,168 500 (17) 408 37,584 
Fidelity Series Government Bond Index Fund -- 229,822 3,465 1,048 3,113 229,478 
Fidelity Series Government Money Market Fund 2.5% -- 106,985 2,518 500 -- -- 104,467 
Fidelity Series High Income Fund -- 318,416 37,295 3,889 (299) 10,028 290,850 
Fidelity Series Inflation-Protected Bond Index Fund -- 75,500 1,755 113 (7) 1,346 75,084 
Fidelity Series International Growth Fund -- 1,826,450 78,741 6,271 (6,814) 155,122 1,896,017 
Fidelity Series International Index Fund -- 483,181 13,580 146 (576) 28,756 497,781 
Fidelity Series International Small Cap Fund -- 484,473 15,615 2,355 (2,034) 30,129 496,953 
Fidelity Series International Value Fund -- 1,840,229 40,844 3,457 (3,301) 78,919 1,875,003 
Fidelity Series Investment Grade Bond Fund -- 241,532 3,691 1,410 4,907 242,753 
Fidelity Series Investment Grade Securitized Fund -- 171,492 2,904 1,002 2,225 170,816 
Fidelity Series Large Cap Growth Index Fund -- 2,097,532 108,686 569 (4,689) 217,980 2,202,137 
Fidelity Series Large Cap Stock Fund -- 2,110,475 78,033 4,400 (6,957) 164,678 2,190,163 
Fidelity Series Large Cap Value Index Fund -- 3,962,901 109,994 30,372 (6,090) 254,430 4,101,247 
Fidelity Series Long-Term Treasury Bond Index Fund -- 1,461,761 79,818 8,212 466 56,795 1,439,204 
Fidelity Series Real Estate Income Fund -- 116,191 2,401 801 (65) 4,594 118,319 
Fidelity Series Short-Term Credit Fund -- 106,571 2,506 559 -- 896 104,961 
Fidelity Series Small Cap Opportunities Fund -- 1,056,077 57,970 5,030 (7,387) 103,352 1,094,072 
Fidelity Series Treasury Bill Index Fund -- 321,371 44,537 1,751 (38) (136) 276,660 
Fidelity Series Value Discovery Fund -- 1,259,179 25,409 3,940 (1,559) 65,419 1,297,630 
 $-- $24,400,542 $956,311 $103,941 $(58,013) $1,665,899 $25,052,117 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $23,386,218) 25,052,117  
Total Investment in Securities (cost $23,386,267)  $25,052,166 
Cash  147 
Receivable for investments sold  148,898 
Receivable for fund shares sold  21,670 
Total assets  25,222,881 
Liabilities   
Payable for investments purchased $64,988  
Payable for fund shares redeemed 105,577  
Accrued management fee 6,345  
Distribution and service plan fees payable 312  
Total liabilities  177,222 
Net Assets  $25,045,659 
Net Assets consist of:   
Paid in capital  $23,386,607 
Total distributable earnings (loss)  1,659,052 
Net Assets  $25,045,659 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($357,498 ÷ 37,225 shares)  $9.60 
Maximum offering price per share (100/94.25 of $9.60)  $10.19 
Class M:   
Net Asset Value and redemption price per share ($177,465 ÷ 18,501 shares)  $9.59 
Maximum offering price per share (100/96.50 of $9.59)  $9.94 
Class C:   
Net Asset Value and offering price per share ($206,967 ÷ 21,584 shares)(a)  $9.59 
Fidelity Freedom Blend 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($984,394 ÷ 102,469 shares)  $9.61 
Class K:   
Net Asset Value, offering price and redemption price per share ($99,068 ÷ 10,305 shares)  $9.61 
Class K6:   
Net Asset Value, offering price and redemption price per share ($22,910,303 ÷ 2,382,806 shares)  $9.61 
Class I:   
Net Asset Value, offering price and redemption price per share ($107,541 ÷ 11,189 shares)  $9.61 
Class Z:   
Net Asset Value, offering price and redemption price per share ($103,297 ÷ 10,745 shares)  $9.61 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($99,126 ÷ 10,309 shares)  $9.62 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $43,097 
Income from Fidelity Central Funds  195 
Total income  43,292 
Expenses   
Management fee $17,932  
Distribution and service plan fees 1,313  
Independent trustees' fees and expenses 12  
Total expenses  19,257 
Net investment income (loss)  24,035 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (58,013)  
Capital gain distributions from underlying funds:   
Affiliated issuers 60,844  
Total net realized gain (loss)  2,831 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,665,899  
Total change in net unrealized appreciation (depreciation)  1,665,899 
Net gain (loss)  1,668,730 
Net increase (decrease) in net assets resulting from operations  $1,692,765 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $24,035 
Net realized gain (loss) 2,831 
Change in net unrealized appreciation (depreciation) 1,665,899 
Net increase (decrease) in net assets resulting from operations 1,692,765 
Distributions to shareholders (33,713) 
Total distributions (33,713) 
Share transactions - net increase (decrease) 23,386,607 
Total increase (decrease) in net assets 25,045,659 
Net Assets  
Beginning of period – 
End of period $25,045,659 

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


Financial Highlights

Fidelity Freedom Blend 2035 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.15)D 
Total from investment operations (.15) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.25)E 
Net asset value, end of period $9.60 
Total ReturnF,G (1.18)% 
Ratios to Average Net AssetsH,I  
Expenses before reductions .79%J,K 
Expenses net of fee waivers, if any .79%J,K 
Expenses net of all reductions .79%J,K 
Net investment income (loss) .09%J 
Supplemental Data  
Net assets, end of period (000 omitted) $357 
Portfolio turnover rateI 16%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total distributions of $.25 per share is comprised of distributions from net investment income of $.136 and distributions from net realized gain of $.116 per share.

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

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

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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.

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

 J Annualized

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

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


Fidelity Freedom Blend 2035 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.15)C 
Total from investment operations (.16) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.12) 
Total distributions (.25) 
Net asset value, end of period $9.59 
Total ReturnD,E (1.30)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.03%H 
Expenses net of fee waivers, if any 1.03%H 
Expenses net of all reductions 1.03%H 
Net investment income (loss) (.16)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $177 
Portfolio turnover rateG 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2035 Fund Class C

Year ended March 31, 2019 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) (.14)C 
Total from investment operations (.18) 
Distributions from net investment income (.11) 
Distributions from net realized gain (.12) 
Total distributions (.23) 
Net asset value, end of period $9.59 
Total ReturnD,E (1.56)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.54%H,I 
Expenses net of fee waivers, if any 1.54%H,I 
Expenses net of all reductions 1.54%H,I 
Net investment income (loss) (.67)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $207 
Portfolio turnover rateG 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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

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

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


Fidelity Freedom Blend 2035 Fund

Year ended March 31, 2019 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) (.15)C 
Total from investment operations (.13) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.12) 
Total distributions (.26)D 
Net asset value, end of period $9.61 
Total ReturnE (.96)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .53%H 
Expenses net of fee waivers, if any .53%H 
Expenses net of all reductions .53%H 
Net investment income (loss) .34%H 
Supplemental Data  
Net assets, end of period (000 omitted) $984 
Portfolio turnover rateG 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.116 per share.

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

 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 Freedom Blend 2035 Fund Class K

Year ended March 31, 2019 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) (.15)C 
Total from investment operations (.13) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.12) 
Total distributions (.26)D 
Net asset value, end of period $9.61 
Total ReturnE (.97)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .43%H 
Expenses net of fee waivers, if any .43%H 
Expenses net of all reductions .43%H 
Net investment income (loss) .44%H 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateG 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.116 per share.

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

 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 Freedom Blend 2035 Fund Class K6

Year ended March 31, 2019 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) (.15)C 
Total from investment operations (.12) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.12) 
Total distributions (.27) 
Net asset value, end of period $9.61 
Total ReturnD (.93)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G,H 
Expenses net of fee waivers, if any .34%G,H 
Expenses net of all reductions .34%G,H 
Net investment income (loss) .54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $22,910 
Portfolio turnover rateF 16%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2035 Fund Class I

Year ended March 31, 2019 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) (.15)C 
Total from investment operations (.13) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.12) 
Total distributions (.26) 
Net asset value, end of period $9.61 
Total ReturnD (1.01)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .53%G 
Expenses net of fee waivers, if any .53%G 
Expenses net of all reductions .53%G 
Net investment income (loss) .34%G 
Supplemental Data  
Net assets, end of period (000 omitted) $108 
Portfolio turnover rateF 16%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2035 Fund Class Z

Year ended March 31, 2019 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) (.15)C 
Total from investment operations (.13) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.12) 
Total distributions (.26)D 
Net asset value, end of period $9.61 
Total ReturnE (.97)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .43%H 
Expenses net of fee waivers, if any .43%H 
Expenses net of all reductions .43%H 
Net investment income (loss) .44%H 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateG 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.116 per share.

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

 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 Freedom Blend 2035 Fund Class Z6

Year ended March 31, 2019 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) (.14)C 
Total from investment operations (.11) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.12) 
Total distributions (.27) 
Net asset value, end of period $9.62 
Total ReturnD (.83)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .33%G 
Expenses net of fee waivers, if any .33%G 
Expenses net of all reductions .33%G 
Net investment income (loss) .54%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 16%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2040 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 17.5 
Fidelity Series Blue Chip Growth Fund 12.0 
Fidelity Series Large Cap Growth Index Fund 9.4 
Fidelity Series Large Cap Stock Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.0 
Fidelity Series International Value Fund 7.9 
Fidelity Series Value Discovery Fund 5.5 
Fidelity Series Small Cap Opportunities Fund 4.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.5 
 86.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 30.9% 
   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 Freedom® Blend 2040 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 60.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 135,464 $1,998,090 
Fidelity Series Commodity Strategy Fund (a) 87,161 415,759 
Fidelity Series Large Cap Growth Index Fund (a) 155,156 1,563,974 
Fidelity Series Large Cap Stock Fund (a) 106,441 1,559,358 
Fidelity Series Large Cap Value Index Fund (a) 235,297 2,920,032 
Fidelity Series Small Cap Opportunities Fund (a) 57,873 778,965 
Fidelity Series Value Discovery Fund (a) 73,971 923,901 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,317,379)  10,160,079 
International Equity Funds - 30.9%   
Fidelity Series Canada Fund (a) 15,443 159,217 
Fidelity Series Emerging Markets Fund (a) 16,612 162,633 
Fidelity Series Emerging Markets Opportunities Fund (a) 79,519 1,473,485 
Fidelity Series International Growth Fund (a) 88,077 1,337,893 
Fidelity Series International Index Fund (a) 35,743 350,998 
Fidelity Series International Small Cap Fund (a) 22,566 350,456 
Fidelity Series International Value Fund (a) 141,758 1,318,353 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,788,449)  5,153,035 
Bond Funds - 7.1%   
Fidelity Series Corporate Bond Fund (a) 3,021 30,666 
Fidelity Series Emerging Markets Debt Fund (a) 11,473 110,026 
Fidelity Series Floating Rate High Income Fund (a) 2,685 24,892 
Fidelity Series Government Bond Index Fund (a) 4,158 42,493 
Fidelity Series High Income Fund (a) 20,221 190,074 
Fidelity Series Inflation-Protected Bond Index Fund (a) 5,123 50,098 
Fidelity Series Investment Grade Bond Fund (a) 4,022 44,963 
Fidelity Series Investment Grade Securitized Fund (a) 3,105 31,635 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 66,527 590,091 
Fidelity Series Real Estate Income Fund (a) 7,160 78,110 
TOTAL BOND FUNDS   
(Cost $1,151,753)  1,193,048 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 43,149 43,149 
Fidelity Series Short-Term Credit Fund (a) 4,329 43,158 
Fidelity Series Treasury Bill Index Fund (a) 10,519 105,090 
TOTAL SHORT-TERM FUNDS   
(Cost $191,092)  191,446 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $15,448,673)  16,697,608 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (4,537) 
NET ASSETS - 100%  $16,693,071 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $1,902,833 $98,971 $13,837 $(18,517) $212,745 $1,998,090 
Fidelity Series Canada Fund -- 156,352 9,086 188 (541) 12,492 159,217 
Fidelity Series Commodity Strategy Fund -- 419,304 11,160 1,257 (676) 8,291 415,759 
Fidelity Series Corporate Bond Fund -- 34,757 5,175 275 16 1,068 30,666 
Fidelity Series Emerging Markets Debt Fund -- 110,625 2,935 1,304 2,335 110,026 
Fidelity Series Emerging Markets Fund -- 159,053 4,770 40 (209) 8,559 162,633 
Fidelity Series Emerging Markets Opportunities Fund -- 1,412,847 54,694 7,400 (4,486) 119,818 1,473,485 
Fidelity Series Floating Rate High Income Fund -- 25,816 1,237 354 (22) 335 24,892 
Fidelity Series Government Bond Index Fund -- 47,954 6,134 248 666 42,493 
Fidelity Series Government Money Market Fund 2.5% -- 45,110 1,961 225 -- -- 43,149 
Fidelity Series High Income Fund -- 212,243 29,377 2,799 (276) 7,484 190,074 
Fidelity Series Inflation-Protected Bond Index Fund -- 50,830 1,650 90 (20) 938 50,098 
Fidelity Series International Growth Fund -- 1,277,821 50,000 5,498 (6,398) 116,470 1,337,893 
Fidelity Series International Index Fund -- 340,451 10,760 110 (750) 22,057 350,998 
Fidelity Series International Small Cap Fund -- 340,277 10,475 2,066 (1,949) 22,603 350,456 
Fidelity Series International Value Fund -- 1,301,960 41,201 3,033 (4,993) 62,587 1,318,353 
Fidelity Series Investment Grade Bond Fund -- 51,006 7,167 332 12 1,112 44,963 
Fidelity Series Investment Grade Securitized Fund -- 36,555 5,415 235 489 31,635 
Fidelity Series Large Cap Growth Index Fund -- 1,474,947 71,172 434 (5,354) 165,553 1,563,974 
Fidelity Series Large Cap Stock Fund -- 1,495,244 56,098 3,879 (6,447) 126,659 1,559,358 
Fidelity Series Large Cap Value Index Fund -- 2,829,607 99,330 23,594 (6,646) 196,401 2,920,032 
Fidelity Series Long-Term Treasury Bond Index Fund -- 605,408 38,962 3,613 81 23,564 590,091 
Fidelity Series Real Estate Income Fund -- 77,990 3,069 610 (115) 3,304 78,110 
Fidelity Series Short-Term Credit Fund -- 44,933 2,165 252 (1) 391 43,158 
Fidelity Series Small Cap Opportunities Fund -- 748,823 41,891 4,728 (8,938) 80,971 778,965 
Fidelity Series Treasury Bill Index Fund -- 135,945 30,791 776 (27) (37) 105,090 
Fidelity Series Value Discovery Fund -- 904,079 29,224 3,473 (3,034) 52,080 923,901 
 $-- $16,242,770 $724,870 $80,650 $(69,276) $1,248,935 $16,697,559 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $15,448,624) 16,697,559  
Total Investment in Securities (cost $15,448,673)  $16,697,608 
Cash  147 
Receivable for investments sold  85,234 
Receivable for fund shares sold  19,356 
Total assets  16,802,345 
Liabilities   
Payable for investments purchased $101,443  
Payable for fund shares redeemed 3,079  
Accrued management fee 4,482  
Distribution and service plan fees payable 270  
Total liabilities  109,274 
Net Assets  $16,693,071 
Net Assets consist of:   
Paid in capital  $15,478,287 
Total distributable earnings (loss)  1,214,784 
Net Assets  $16,693,071 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($254,835 ÷ 26,698 shares)  $9.55 
Maximum offering price per share (100/94.25 of $9.55)  $10.13 
Class M:   
Net Asset Value and redemption price per share ($130,959 ÷ 13,713 shares)  $9.55 
Maximum offering price per share (100/96.50 of $9.55)  $9.90 
Class C:   
Net Asset Value and offering price per share ($207,966 ÷ 21,799 shares)(a)  $9.54 
Fidelity Freedom Blend 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($589,905 ÷ 61,740 shares)  $9.55 
Class K:   
Net Asset Value, offering price and redemption price per share ($98,762 ÷ 10,325 shares)  $9.57 
Class K6:   
Net Asset Value, offering price and redemption price per share ($14,955,612 ÷ 1,563,382 shares)  $9.57 
Class I:   
Net Asset Value, offering price and redemption price per share ($99,892 ÷ 10,446 shares)  $9.56 
Class Z:   
Net Asset Value, offering price and redemption price per share ($98,762 ÷ 10,325 shares)  $9.57 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($256,378 ÷ 26,801 shares)  $9.57 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $28,605 
Income from Fidelity Central Funds  195 
Total income  28,800 
Expenses   
Management fee $13,208  
Distribution and service plan fees 1,192  
Independent trustees' fees and expenses  
Total expenses  14,409 
Net investment income (loss)  14,391 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (69,276)  
Capital gain distributions from underlying funds:   
Affiliated issuers 52,045  
Total net realized gain (loss)  (17,231) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,248,935  
Total change in net unrealized appreciation (depreciation)  1,248,935 
Net gain (loss)  1,231,704 
Net increase (decrease) in net assets resulting from operations  $1,246,095 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $14,391 
Net realized gain (loss) (17,231) 
Change in net unrealized appreciation (depreciation) 1,248,935 
Net increase (decrease) in net assets resulting from operations 1,246,095 
Distributions to shareholders (31,311) 
Total distributions (31,311) 
Share transactions - net increase (decrease) 15,478,287 
Total increase (decrease) in net assets 16,693,071 
Net Assets  
Beginning of period – 
End of period $16,693,071 

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


Financial Highlights

Fidelity Freedom Blend 2040 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.17)D 
Total from investment operations (.17) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.55 
Total ReturnE,F (1.39)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .80%I,J 
Expenses net of fee waivers, if any .80%I,J 
Expenses net of all reductions .80%I,J 
Net investment income (loss) .01%I 
Supplemental Data  
Net assets, end of period (000 omitted) $255 
Portfolio turnover rateH 17%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 and expense amounts may cause ratios to differ from contractual rates.

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


Fidelity Freedom Blend 2040 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.18)C 
Total from investment operations (.19) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.14) 
Total distributions (.26) 
Net asset value, end of period $9.55 
Total ReturnD,E (1.59)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.04%H 
Expenses net of fee waivers, if any 1.04%H 
Expenses net of all reductions 1.04%H 
Net investment income (loss) (.23)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $131 
Portfolio turnover rateG 17%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2040 Fund Class C

Year ended March 31, 2019 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) (.18)C 
Total from investment operations (.22) 
Distributions from net investment income (.11) 
Distributions from net realized gain (.14) 
Total distributions (.24)D 
Net asset value, end of period $9.54 
Total ReturnE,F (1.88)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.55%I,J 
Expenses net of fee waivers, if any 1.55%I,J 
Expenses net of all reductions 1.55%I,J 
Net investment income (loss) (.74)%I 
Supplemental Data  
Net assets, end of period (000 omitted) $208 
Portfolio turnover rateH 17%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.24 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.136 per share.

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

 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 and expense amounts may cause ratios to differ from contractual rates.

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


Fidelity Freedom Blend 2040 Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.18)C 
Total from investment operations (.17) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.55 
Total ReturnD (1.35)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) .27%G 
Supplemental Data  
Net assets, end of period (000 omitted) $590 
Portfolio turnover rateF 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2040 Fund Class K

Year ended March 31, 2019 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) (.17)C 
Total from investment operations (.15) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.57 
Total ReturnD (1.19)% 
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) .37%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2040 Fund Class K6

Year ended March 31, 2019 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) (.17)C 
Total from investment operations (.15) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.57 
Total ReturnD (1.14)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .35%G,H 
Expenses net of fee waivers, if any .35%G,H 
Expenses net of all reductions .35%G,H 
Net investment income (loss) .46%G 
Supplemental Data  
Net assets, end of period (000 omitted) $14,956 
Portfolio turnover rateF 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2040 Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.18)C 
Total from investment operations (.17) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.27)D 
Net asset value, end of period $9.56 
Total ReturnE (1.33)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .54%H 
Expenses net of fee waivers, if any .54%H 
Expenses net of all reductions .54%H 
Net investment income (loss) .27%H 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateG 17%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.27 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.136 per share.

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

 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 Freedom Blend 2040 Fund Class Z

Year ended March 31, 2019 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) (.17)C 
Total from investment operations (.15) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.57 
Total ReturnD (1.19)% 
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) .37%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2040 Fund Class Z6

Year ended March 31, 2019 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) (.18)C 
Total from investment operations (.15) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.14) 
Total distributions (.28) 
Net asset value, end of period $9.57 
Total ReturnD (1.14)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) .47%G 
Supplemental Data  
Net assets, end of period (000 omitted) $256 
Portfolio turnover rateF 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 17.5 
Fidelity Series Blue Chip Growth Fund 12.0 
Fidelity Series Large Cap Growth Index Fund 9.4 
Fidelity Series Large Cap Stock Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.0 
Fidelity Series International Value Fund 7.9 
Fidelity Series Value Discovery Fund 5.5 
Fidelity Series Small Cap Opportunities Fund 4.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.5 
 86.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 30.9% 
   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 Freedom® Blend 2045 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 60.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 81,300 $1,199,178 
Fidelity Series Commodity Strategy Fund (a) 52,302 249,482 
Fidelity Series Large Cap Growth Index Fund (a) 93,118 938,629 
Fidelity Series Large Cap Stock Fund (a) 63,882 935,872 
Fidelity Series Large Cap Value Index Fund (a) 141,218 1,752,511 
Fidelity Series Small Cap Opportunities Fund (a) 34,733 467,510 
Fidelity Series Value Discovery Fund (a) 44,395 554,496 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,721,136)  6,097,678 
International Equity Funds - 30.9%   
Fidelity Series Canada Fund (a) 9,281 95,692 
Fidelity Series Emerging Markets Fund (a) 9,971 97,619 
Fidelity Series Emerging Markets Opportunities Fund (a) 47,725 884,347 
Fidelity Series International Growth Fund (a) 52,861 802,954 
Fidelity Series International Index Fund (a) 21,457 210,707 
Fidelity Series International Small Cap Fund (a) 13,547 210,381 
Fidelity Series International Value Fund (a) 85,139 791,791 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,929,948)  3,093,491 
Bond Funds - 7.1%   
Fidelity Series Corporate Bond Fund (a) 1,814 18,407 
Fidelity Series Emerging Markets Debt Fund (a) 6,890 66,074 
Fidelity Series Floating Rate High Income Fund (a) 1,620 15,020 
Fidelity Series Government Bond Index Fund (a) 2,496 25,506 
Fidelity Series High Income Fund (a) 12,137 114,085 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,073 30,053 
Fidelity Series Investment Grade Bond Fund (a) 2,414 26,988 
Fidelity Series Investment Grade Securitized Fund (a) 1,863 18,989 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 39,923 354,119 
Fidelity Series Real Estate Income Fund (a) 4,297 46,880 
TOTAL BOND FUNDS   
(Cost $692,725)  716,121 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 24,914 24,914 
Fidelity Series Short-Term Credit Fund (a) 2,499 24,919 
Fidelity Series Treasury Bill Index Fund (a) 6,413 64,069 
TOTAL SHORT-TERM FUNDS   
(Cost $113,756)  113,951 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $9,457,565)  10,021,241 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,679) 
NET ASSETS - 100%  $10,018,562 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $1,177,425 $68,265 $16,034 $(7,508) $97,526 $1,199,178 
Fidelity Series Canada Fund -- 95,645 5,401 287 (324) 5,772 95,692 
Fidelity Series Commodity Strategy Fund -- 255,576 8,116 1,366 (433) 2,455 249,482 
Fidelity Series Corporate Bond Fund -- 20,865 3,060 165 599 18,407 
Fidelity Series Emerging Markets Debt Fund -- 66,732 1,898 826 (15) 1,255 66,074 
Fidelity Series Emerging Markets Fund -- 96,178 3,042 60 (59) 4,542 97,619 
Fidelity Series Emerging Markets Opportunities Fund -- 863,847 35,463 11,004 (1,731) 57,694 884,347 
Fidelity Series Floating Rate High Income Fund -- 16,140 1,209 254 (19) 108 15,020 
Fidelity Series Government Bond Index Fund -- 28,699 3,592 149 (3) 402 25,506 
Fidelity Series Government Money Market Fund 2.5% -- 27,144 2,230 140 -- -- 24,914 
Fidelity Series High Income Fund -- 128,991 18,145 1,832 (245) 3,484 114,085 
Fidelity Series Inflation-Protected Bond Index Fund -- 30,738 1,166 89 (12) 493 30,053 
Fidelity Series International Growth Fund -- 790,568 37,969 8,178 (2,369) 52,724 802,954 
Fidelity Series International Index Fund -- 207,610 7,008 167 (297) 10,402 210,707 
Fidelity Series International Small Cap Fund -- 211,160 8,594 3,074 (913) 8,728 210,381 
Fidelity Series International Value Fund -- 797,313 26,839 4,513 (2,364) 23,681 791,791 
Fidelity Series Investment Grade Bond Fund -- 30,564 4,209 203 (1) 634 26,988 
Fidelity Series Investment Grade Securitized Fund -- 21,883 3,182 141 (4) 292 18,989 
Fidelity Series Large Cap Growth Index Fund -- 908,675 49,058 657 (868) 79,880 938,629 
Fidelity Series Large Cap Stock Fund -- 926,157 42,793 5,633 (2,717) 55,225 935,872 
Fidelity Series Large Cap Value Index Fund -- 1,739,549 69,554 20,128 (4,877) 87,393 1,752,511 
Fidelity Series Long-Term Treasury Bond Index Fund -- 363,443 23,867 2,284 14,537 354,119 
Fidelity Series Real Estate Income Fund -- 47,144 1,809 511 (47) 1,592 46,880 
Fidelity Series Short-Term Credit Fund -- 27,040 2,343 160 (2) 224 24,919 
Fidelity Series Small Cap Opportunities Fund -- 466,183 28,991 5,598 (3,147) 33,465 467,510 
Fidelity Series Treasury Bill Index Fund -- 82,082 17,968 483 (16) (29) 64,069 
Fidelity Series Value Discovery Fund -- 555,830 20,057 5,170 (1,875) 20,598 554,496 
 $-- $9,983,181 $495,828 $89,106 $(29,837) $563,676 $10,021,192 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $9,457,516) 10,021,192  
Total Investment in Securities (cost $9,457,565)  $10,021,241 
Cash  147 
Receivable for investments sold  42,465 
Receivable for fund shares sold  32,362 
Total assets  10,096,215 
Liabilities   
Payable for investments purchased $74,732  
Accrued management fee 2,680  
Distribution and service plan fees payable 241  
Total liabilities  77,653 
Net Assets  $10,018,562 
Net Assets consist of:   
Paid in capital  $9,445,448 
Total distributable earnings (loss)  573,114 
Net Assets  $10,018,562 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($252,838 ÷ 26,465 shares)  $9.55 
Maximum offering price per share (100/94.25 of $9.55)  $10.13 
Class M:   
Net Asset Value and redemption price per share ($160,268 ÷ 16,796 shares)  $9.54 
Maximum offering price per share (100/96.50 of $9.54)  $9.89 
Class C:   
Net Asset Value and offering price per share ($156,579 ÷ 16,417 shares)(a)  $9.54 
Fidelity Freedom Blend 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($748,052 ÷ 78,289 shares)  $9.56 
Class K:   
Net Asset Value, offering price and redemption price per share ($98,697 ÷ 10,319 shares)  $9.56 
Class K6:   
Net Asset Value, offering price and redemption price per share ($8,306,037 ÷ 868,239 shares)  $9.57 
Class I:   
Net Asset Value, offering price and redemption price per share ($98,639 ÷ 10,316 shares)  $9.56 
Class Z:   
Net Asset Value, offering price and redemption price per share ($98,697 ÷ 10,319 shares)  $9.56 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($98,755 ÷ 10,323 shares)  $9.57 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $31,654 
Income from Fidelity Central Funds  195 
Total income  31,849 
Expenses   
Management fee $8,926  
Distribution and service plan fees 1,216  
Independent trustees' fees and expenses  
Total expenses  10,148 
Net investment income (loss)  21,701 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (29,837)  
Capital gain distributions from underlying funds:   
Affiliated issuers 57,452  
Total net realized gain (loss)  27,615 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 563,676  
Total change in net unrealized appreciation (depreciation)  563,676 
Net gain (loss)  591,291 
Net increase (decrease) in net assets resulting from operations  $612,992 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $21,701 
Net realized gain (loss) 27,615 
Change in net unrealized appreciation (depreciation) 563,676 
Net increase (decrease) in net assets resulting from operations 612,992 
Distributions to shareholders (39,877) 
Total distributions (39,877) 
Share transactions - net increase (decrease) 9,445,447 
Total increase (decrease) in net assets 10,018,562 
Net Assets  
Beginning of period – 
End of period $10,018,562 

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


Financial Highlights

Fidelity Freedom Blend 2045 Fund Class A

Year ended March 31, 2019 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) (.22)C 
Total from investment operations (.19) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.11) 
Total distributions (.26) 
Net asset value, end of period $9.55 
Total ReturnD,E (1.56)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .79%H 
Expenses net of fee waivers, if any .79%H 
Expenses net of all reductions .79%H 
Net investment income (loss) .64%H 
Supplemental Data  
Net assets, end of period (000 omitted) $253 
Portfolio turnover rateG 19%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2045 Fund Class M

Year ended March 31, 2019 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) (.22)C 
Total from investment operations (.20) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.11) 
Total distributions (.26) 
Net asset value, end of period $9.54 
Total ReturnD,E (1.68)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.04%H 
Expenses net of fee waivers, if any 1.04%H 
Expenses net of all reductions 1.04%H 
Net investment income (loss) .39%H 
Supplemental Data  
Net assets, end of period (000 omitted) $160 
Portfolio turnover rateG 19%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2045 Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.21)C 
Total from investment operations (.22) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.11) 
Total distributions (.24) 
Net asset value, end of period $9.54 
Total ReturnD,E (1.91)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.55%H,I 
Expenses net of fee waivers, if any 1.55%H,I 
Expenses net of all reductions 1.55%H,I 
Net investment income (loss) (.12)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $157 
Portfolio turnover rateG 19%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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

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

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


Fidelity Freedom Blend 2045 Fund

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.56 
Total ReturnD (1.31)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .55%G,H 
Expenses net of fee waivers, if any .55%G,H 
Expenses net of all reductions .55%G,H 
Net investment income (loss) .88%G 
Supplemental Data  
Net assets, end of period (000 omitted) $748 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

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

 G Annualized

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

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


Fidelity Freedom Blend 2045 Fund Class K

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.56 
Total ReturnD (1.35)% 
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) .99%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2045 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.57 
Total ReturnD (1.21)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .35%G,H 
Expenses net of fee waivers, if any .35%G,H 
Expenses net of all reductions .35%G,H 
Net investment income (loss) 1.08%G 
Supplemental Data  
Net assets, end of period (000 omitted) $8,306 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2045 Fund Class I

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.56 
Total ReturnD (1.38)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) .89%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2045 Fund Class Z

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.56 
Total ReturnD (1.35)% 
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) .99%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2045 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.11) 
Total distributions (.27) 
Net asset value, end of period $9.57 
Total ReturnD (1.21)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) 1.09%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 19%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2050 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 17.5 
Fidelity Series Blue Chip Growth Fund 12.0 
Fidelity Series Large Cap Growth Index Fund 9.4 
Fidelity Series Large Cap Stock Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.0 
Fidelity Series International Value Fund 7.9 
Fidelity Series Value Discovery Fund 5.5 
Fidelity Series Small Cap Opportunities Fund 4.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.5 
 86.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 30.9% 
   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 Freedom® Blend 2050 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 60.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 71,561 $1,055,521 
Fidelity Series Commodity Strategy Fund (a) 46,141 220,094 
Fidelity Series Large Cap Growth Index Fund (a) 81,963 826,189 
Fidelity Series Large Cap Stock Fund (a) 56,229 823,755 
Fidelity Series Large Cap Value Index Fund (a) 124,299 1,542,556 
Fidelity Series Small Cap Opportunities Fund (a) 30,572 411,502 
Fidelity Series Value Discovery Fund (a) 39,077 488,066 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,018,114)  5,367,683 
International Equity Funds - 30.9%   
Fidelity Series Canada Fund (a) 8,162 84,153 
Fidelity Series Emerging Markets Fund (a) 8,779 85,942 
Fidelity Series Emerging Markets Opportunities Fund (a) 42,023 778,683 
Fidelity Series International Growth Fund (a) 46,528 706,766 
Fidelity Series International Index Fund (a) 18,887 185,466 
Fidelity Series International Small Cap Fund (a) 11,901 184,820 
Fidelity Series International Value Fund (a) 74,961 697,133 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,570,408)  2,722,963 
Bond Funds - 7.1%   
Fidelity Series Corporate Bond Fund (a) 1,596 16,200 
Fidelity Series Emerging Markets Debt Fund (a) 6,020 57,727 
Fidelity Series Floating Rate High Income Fund (a) 1,418 13,148 
Fidelity Series Government Bond Index Fund (a) 2,196 22,448 
Fidelity Series High Income Fund (a) 10,681 100,406 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,705 26,459 
Fidelity Series Investment Grade Bond Fund (a) 2,125 23,752 
Fidelity Series Investment Grade Securitized Fund (a) 1,640 16,712 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 35,142 311,708 
Fidelity Series Real Estate Income Fund (a) 3,782 41,263 
TOTAL BOND FUNDS   
(Cost $609,354)  629,823 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 22,152 22,152 
Fidelity Series Short-Term Credit Fund (a) 2,222 22,157 
Fidelity Series Treasury Bill Index Fund (a) 5,598 55,928 
TOTAL SHORT-TERM FUNDS   
(Cost $100,112)  100,286 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $8,297,988)  8,820,755 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,401) 
NET ASSETS - 100%  $8,818,354 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $1,013,487 $38,304 $13,612 $(6,844) $87,182 $1,055,521 
Fidelity Series Canada Fund -- 82,774 3,574 187 (249) 5,202 84,153 
Fidelity Series Commodity Strategy Fund -- 221,747 3,963 1,235 (214) 2,524 220,094 
Fidelity Series Corporate Bond Fund -- 18,233 2,569 144 533 16,200 
Fidelity Series Emerging Markets Debt Fund -- 57,499 852 706 -- 1,080 57,727 
Fidelity Series Emerging Markets Fund -- 83,438 1,387 35 (30) 3,921 85,942 
Fidelity Series Emerging Markets Opportunities Fund -- 747,587 20,911 6,352 (1,333) 53,340 778,683 
Fidelity Series Floating Rate High Income Fund -- 13,982 937 205 (12) 115 13,148 
Fidelity Series Government Bond Index Fund -- 25,072 2,976 129 (1) 353 22,448 
Fidelity Series Government Money Market Fund 2.5% -- 23,566 1,414 120 -- -- 22,152 
Fidelity Series High Income Fund -- 111,706 14,304 1,535 (250) 3,254 100,406 
Fidelity Series Inflation-Protected Bond Index Fund -- 26,627 605 62 (7) 444 26,459 
Fidelity Series International Growth Fund -- 673,045 13,892 4,696 (1,495) 49,108 706,766 
Fidelity Series International Index Fund -- 179,904 3,620 109 (195) 9,377 185,466 
Fidelity Series International Small Cap Fund -- 179,781 3,051 1,764 (528) 8,618 184,820 
Fidelity Series International Value Fund -- 689,343 13,705 2,587 (1,494) 22,989 697,133 
Fidelity Series Investment Grade Bond Fund -- 26,697 3,506 175 -- 561 23,752 
Fidelity Series Investment Grade Securitized Fund -- 19,112 2,653 123 (4) 257 16,712 
Fidelity Series Large Cap Growth Index Fund -- 780,620 26,523 428 (1,536) 73,628 826,189 
Fidelity Series Large Cap Stock Fund -- 793,563 20,232 3,365 (1,885) 52,309 823,755 
Fidelity Series Large Cap Value Index Fund -- 1,499,674 37,059 14,562 (2,436) 82,377 1,542,556 
Fidelity Series Long-Term Treasury Bond Index Fund -- 316,166 16,869 1,951 (13) 12,424 311,708 
Fidelity Series Real Estate Income Fund -- 40,874 1,028 412 (31) 1,448 41,263 
Fidelity Series Short-Term Credit Fund -- 23,476 1,515 136 -- 196 22,157 
Fidelity Series Small Cap Opportunities Fund -- 396,620 13,116 4,656 (3,385) 31,383 411,502 
Fidelity Series Treasury Bill Index Fund -- 71,145 15,181 413 (14) (22) 55,928 
Fidelity Series Value Discovery Fund -- 478,738 9,956 2,972 (882) 20,166 488,066 
 $-- $8,594,476 $273,702 $62,671 $(22,835) $522,767 $8,820,706 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $8,297,939) 8,820,706  
Total Investment in Securities (cost $8,297,988)  $8,820,755 
Cash  146 
Receivable for investments sold  43,716 
Receivable for fund shares sold  14,339 
Total assets  8,878,956 
Liabilities   
Payable for investments purchased $58,058  
Accrued management fee 2,362  
Distribution and service plan fees payable 182  
Total liabilities  60,602 
Net Assets  $8,818,354 
Net Assets consist of:   
Paid in capital  $8,292,839 
Total distributable earnings (loss)  525,515 
Net Assets  $8,818,354 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($239,329 ÷ 25,162 shares)  $9.51 
Maximum offering price per share (100/94.25 of $9.51)  $10.09 
Class M:   
Net Asset Value and redemption price per share ($98,742 ÷ 10,386 shares)  $9.51 
Maximum offering price per share (100/96.50 of $9.51)  $9.85 
Class C:   
Net Asset Value and offering price per share ($137,201 ÷ 14,446 shares)(a)  $9.50 
Fidelity Freedom Blend 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($465,826 ÷ 48,960 shares)  $9.51 
Class K:   
Net Asset Value, offering price and redemption price per share ($98,718 ÷ 10,369 shares)  $9.52 
Class K6:   
Net Asset Value, offering price and redemption price per share ($7,479,606 ÷ 785,476 shares)  $9.52 
Class I:   
Net Asset Value, offering price and redemption price per share ($101,438 ÷ 10,658 shares)  $9.52 
Class Z:   
Net Asset Value, offering price and redemption price per share ($98,718 ÷ 10,369 shares)  $9.52 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($98,776 ÷ 10,373 shares)  $9.52 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $20,986 
Income from Fidelity Central Funds  195 
Total income  21,181 
Expenses   
Management fee $7,415  
Distribution and service plan fees 1,069  
Independent trustees' fees and expenses  
Total expenses  8,489 
Net investment income (loss)  12,692 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (22,835)  
Capital gain distributions from underlying funds:   
Affiliated issuers 41,685  
Total net realized gain (loss)  18,850 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 522,767  
Total change in net unrealized appreciation (depreciation)  522,767 
Net gain (loss)  541,617 
Net increase (decrease) in net assets resulting from operations  $554,309 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $12,692 
Net realized gain (loss) 18,850 
Change in net unrealized appreciation (depreciation) 522,767 
Net increase (decrease) in net assets resulting from operations 554,309 
Distributions to shareholders (28,794) 
Total distributions (28,794) 
Share transactions - net increase (decrease) 8,292,839 
Total increase (decrease) in net assets 8,818,354 
Net Assets  
Beginning of period – 
End of period $8,818,354 

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


Financial Highlights

Fidelity Freedom Blend 2050 Fund Class A

Year ended March 31, 2019 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) (.21)C 
Total from investment operations (.19) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.16) 
Total distributions (.30) 
Net asset value, end of period $9.51 
Total ReturnD,E (1.50)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .79%H 
Expenses net of fee waivers, if any .79%H 
Expenses net of all reductions .79%H 
Net investment income (loss) .31%H 
Supplemental Data  
Net assets, end of period (000 omitted) $239 
Portfolio turnover rateG 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2050 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.20)D 
Total from investment operations (.20) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.16) 
Total distributions (.29) 
Net asset value, end of period $9.51 
Total ReturnE,F (1.60)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.04%I 
Expenses net of fee waivers, if any 1.04%I 
Expenses net of all reductions 1.04%I 
Net investment income (loss) .07%I 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateH 12%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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

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


Fidelity Freedom Blend 2050 Fund Class C

Year ended March 31, 2019 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) (.20)C 
Total from investment operations (.22) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.16) 
Total distributions (.28) 
Net asset value, end of period $9.50 
Total ReturnD,E (1.89)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.54%H 
Expenses net of fee waivers, if any 1.54%H 
Expenses net of all reductions 1.54%H 
Net investment income (loss) (.43)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $137 
Portfolio turnover rateG 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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 Freedom Blend 2050 Fund

Year ended March 31, 2019 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) (.21)C 
Total from investment operations (.18) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.31) 
Net asset value, end of period $9.51 
Total ReturnD (1.39)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) .57%G 
Supplemental Data  
Net assets, end of period (000 omitted) $466 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2050 Fund Class K

Year ended March 31, 2019 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) (.21)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.31) 
Net asset value, end of period $9.52 
Total ReturnD (1.28)% 
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) .67%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2050 Fund Class K6

Year ended March 31, 2019 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) (.20)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.16) 
Total distributions (.32) 
Net asset value, end of period $9.52 
Total ReturnD (1.25)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .35%G,H 
Expenses net of fee waivers, if any .35%G,H 
Expenses net of all reductions .35%G,H 
Net investment income (loss) .76%G 
Supplemental Data  
Net assets, end of period (000 omitted) $7,480 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2050 Fund Class I

Year ended March 31, 2019 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) (.20)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.31) 
Net asset value, end of period $9.52 
Total ReturnD (1.32)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) .57%G 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2050 Fund Class Z

Year ended March 31, 2019 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) (.21)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.31) 
Net asset value, end of period $9.52 
Total ReturnD (1.28)% 
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) .67%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2050 Fund Class Z6

Year ended March 31, 2019 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) (.20)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.16) 
Total distributions (.32) 
Net asset value, end of period $9.52 
Total ReturnD (1.25)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) .77%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 12%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2055 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 17.5 
Fidelity Series Blue Chip Growth Fund 12.0 
Fidelity Series Large Cap Growth Index Fund 9.4 
Fidelity Series Large Cap Stock Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.0 
Fidelity Series International Value Fund 7.9 
Fidelity Series Value Discovery Fund 5.5 
Fidelity Series Small Cap Opportunities Fund 4.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.5 
 86.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 30.9% 
   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 Freedom® Blend 2055 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 60.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 41,353 $609,952 
Fidelity Series Commodity Strategy Fund (a) 26,594 126,853 
Fidelity Series Large Cap Growth Index Fund (a) 47,364 477,427 
Fidelity Series Large Cap Stock Fund (a) 32,493 476,023 
Fidelity Series Large Cap Value Index Fund (a) 71,829 891,399 
Fidelity Series Small Cap Opportunities Fund (a) 17,667 237,795 
Fidelity Series Value Discovery Fund (a) 22,581 282,039 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,927,057)  3,101,488 
International Equity Funds - 30.9%   
Fidelity Series Canada Fund (a) 4,721 48,676 
Fidelity Series Emerging Markets Fund (a) 5,072 49,653 
Fidelity Series Emerging Markets Opportunities Fund (a) 24,273 449,771 
Fidelity Series International Growth Fund (a) 26,887 408,416 
Fidelity Series International Index Fund (a) 10,913 107,171 
Fidelity Series International Small Cap Fund (a) 6,890 107,001 
Fidelity Series International Value Fund (a) 43,301 402,701 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,497,945)  1,573,389 
Bond Funds - 7.1%   
Fidelity Series Corporate Bond Fund (a) 922 9,362 
Fidelity Series Emerging Markets Debt Fund (a) 3,551 34,052 
Fidelity Series Floating Rate High Income Fund (a) 820 7,600 
Fidelity Series Government Bond Index Fund (a) 1,269 12,972 
Fidelity Series High Income Fund (a) 6,173 58,022 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,563 15,290 
Fidelity Series Investment Grade Bond Fund (a) 1,228 13,726 
Fidelity Series Investment Grade Securitized Fund (a) 948 9,657 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 20,306 180,119 
Fidelity Series Real Estate Income Fund (a) 2,208 24,092 
TOTAL BOND FUNDS   
(Cost $353,537)  364,892 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 12,441 12,441 
Fidelity Series Short-Term Credit Fund (a) 1,248 12,443 
Fidelity Series Treasury Bill Index Fund (a) 3,257 32,538 
TOTAL SHORT-TERM FUNDS   
(Cost $57,374)  57,471 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,835,913)  5,097,240 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,392) 
NET ASSETS - 100%  $5,095,848 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $601,150 $27,912 $13,533 $(5,008) $41,722 $609,952 
Fidelity Series Canada Fund -- 48,183 2,162 183 (156) 2,811 48,676 
Fidelity Series Commodity Strategy Fund -- 129,501 3,287 1,232 (204) 843 126,853 
Fidelity Series Corporate Bond Fund -- 10,607 1,544 89 -- 299 9,362 
Fidelity Series Emerging Markets Debt Fund -- 33,904 532 463 (1) 681 34,052 
Fidelity Series Emerging Markets Fund -- 48,520 867 34 (34) 2,034 49,653 
Fidelity Series Emerging Markets Opportunities Fund -- 435,302 12,498 6,196 (862) 27,829 449,771 
Fidelity Series Floating Rate High Income Fund -- 8,516 957 146 (15) 56 7,600 
Fidelity Series Government Bond Index Fund -- 14,581 1,805 80 (3) 199 12,972 
Fidelity Series Government Money Market Fund 2.5% -- 13,695 1,254 77 -- -- 12,441 
Fidelity Series High Income Fund -- 64,673 8,218 1,027 (159) 1,726 58,022 
Fidelity Series Inflation-Protected Bond Index Fund -- 15,510 444 53 (7) 231 15,290 
Fidelity Series International Growth Fund -- 399,714 14,427 4,581 (1,590) 24,719 408,416 
Fidelity Series International Index Fund -- 104,409 1,909 106 (120) 4,791 107,171 
Fidelity Series International Small Cap Fund -- 106,788 2,948 1,720 (505) 3,666 107,001 
Fidelity Series International Value Fund -- 401,455 7,606 2,524 (742) 9,594 402,701 
Fidelity Series Investment Grade Bond Fund -- 15,531 2,120 109 -- 315 13,726 
Fidelity Series Investment Grade Securitized Fund -- 11,121 1,605 76 (4) 145 9,657 
Fidelity Series Large Cap Growth Index Fund -- 458,975 19,328 418 (1,230) 39,010 477,427 
Fidelity Series Large Cap Stock Fund -- 468,012 16,915 3,291 (1,612) 26,538 476,023 
Fidelity Series Large Cap Value Index Fund -- 878,194 27,115 10,820 (1,624) 41,944 891,399 
Fidelity Series Long-Term Treasury Bond Index Fund -- 183,698 10,470 1,272 (69) 6,960 180,119 
Fidelity Series Real Estate Income Fund -- 23,784 417 328 (18) 743 24,092 
Fidelity Series Short-Term Credit Fund -- 13,642 1,309 89 -- 110 12,443 
Fidelity Series Small Cap Opportunities Fund -- 237,825 11,974 4,624 (2,936) 14,880 237,795 
Fidelity Series Treasury Bill Index Fund -- 41,404 8,845 264 (8) (13) 32,538 
Fidelity Series Value Discovery Fund -- 280,149 6,994 2,899 (610) 9,494 282,039 
 $-- $5,048,843 $195,462 $56,234 $(17,517) $261,327 $5,097,191 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $4,835,864) 5,097,191  
Total Investment in Securities (cost $4,835,913)  $5,097,240 
Cash  146 
Receivable for investments sold  23,570 
Receivable for fund shares sold  12,136 
Total assets  5,133,092 
Liabilities   
Payable for investments purchased $35,708  
Accrued management fee 1,378  
Distribution and service plan fees payable 158  
Total liabilities  37,244 
Net Assets  $5,095,848 
Net Assets consist of:   
Paid in capital  $4,830,061 
Total distributable earnings (loss)  265,787 
Net Assets  $5,095,848 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($151,032 ÷ 15,881 shares)  $9.51 
Maximum offering price per share (100/94.25 of $9.51)  $10.09 
Class M:   
Net Asset Value and redemption price per share ($101,276 ÷ 10,655 shares)  $9.51 
Maximum offering price per share (100/96.50 of $9.51)  $9.85 
Class C:   
Net Asset Value and offering price per share ($107,493 ÷ 11,322 shares)(a)  $9.49 
Fidelity Freedom Blend 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($320,021 ÷ 33,635 shares)  $9.51 
Class K:   
Net Asset Value, offering price and redemption price per share ($98,752 ÷ 10,375 shares)  $9.52 
Class K6:   
Net Asset Value, offering price and redemption price per share ($4,021,017 ÷ 422,363 shares)  $9.52 
Class I:   
Net Asset Value, offering price and redemption price per share ($98,695 ÷ 10,370 shares)  $9.52 
Class Z:   
Net Asset Value, offering price and redemption price per share ($98,752 ÷ 10,375 shares)  $9.52 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($98,810 ÷ 10,379 shares)  $9.52 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $18,351 
Income from Fidelity Central Funds  195 
Total income  18,546 
Expenses   
Management fee $4,998  
Distribution and service plan fees 996  
Independent trustees' fees and expenses  
Total expenses  5,998 
Net investment income (loss)  12,548 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (17,517)  
Capital gain distributions from underlying funds:   
Affiliated issuers 37,883  
Total net realized gain (loss)  20,366 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 261,327  
Total change in net unrealized appreciation (depreciation)  261,327 
Net gain (loss)  281,693 
Net increase (decrease) in net assets resulting from operations  $294,241 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $12,548 
Net realized gain (loss) 20,366 
Change in net unrealized appreciation (depreciation) 261,327 
Net increase (decrease) in net assets resulting from operations 294,241 
Distributions to shareholders (28,454) 
Total distributions (28,454) 
Share transactions - net increase (decrease) 4,830,061 
Total increase (decrease) in net assets 5,095,848 
Net Assets  
Beginning of period – 
End of period $5,095,848 

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


Financial Highlights

Fidelity Freedom Blend 2055 Fund Class A

Year ended March 31, 2019 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) (.22)C 
Total from investment operations (.18) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.16) 
Total distributions (.31)D 
Net asset value, end of period $9.51 
Total ReturnE,F (1.46)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .79%I 
Expenses net of fee waivers, if any .79%I 
Expenses net of all reductions .79%I 
Net investment income (loss) .70%I 
Supplemental Data  
Net assets, end of period (000 omitted) $151 
Portfolio turnover rateH 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.142 and distributions from net realized gain of $.164 per share.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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

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


Fidelity Freedom Blend 2055 Fund Class M

Year ended March 31, 2019 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) (.21)C 
Total from investment operations (.19) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.16) 
Total distributions (.30)D 
Net asset value, end of period $9.51 
Total ReturnE,F (1.55)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.04%I 
Expenses net of fee waivers, if any 1.04%I 
Expenses net of all reductions 1.04%I 
Net investment income (loss) .45%I 
Supplemental Data  
Net assets, end of period (000 omitted) $101 
Portfolio turnover rateH 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.30 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.164 per share.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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

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


Fidelity Freedom Blend 2055 Fund Class C

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.23)D 
Total from investment operations (.23) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.16) 
Total distributions (.28) 
Net asset value, end of period $9.49 
Total ReturnE,F (1.93)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.54%I 
Expenses net of fee waivers, if any 1.54%I 
Expenses net of all reductions 1.54%I 
Net investment income (loss) (.05)%I 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateH 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 F Total returns do not include the effect of the 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

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


Fidelity Freedom Blend 2055 Fund

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.32)D 
Net asset value, end of period $9.51 
Total ReturnE (1.35)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .54%H 
Expenses net of fee waivers, if any .54%H 
Expenses net of all reductions .54%H 
Net investment income (loss) .95%H 
Supplemental Data  
Net assets, end of period (000 omitted) $320 
Portfolio turnover rateG 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.32 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.164 per share.

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

 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 Freedom Blend 2055 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.32)D 
Net asset value, end of period $9.52 
Total ReturnE (1.23)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .44%H 
Expenses net of fee waivers, if any .44%H 
Expenses net of all reductions .44%H 
Net investment income (loss) 1.05%H 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateG 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.32 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.164 per share.

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

 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 Freedom Blend 2055 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.16) 
Total distributions (.32) 
Net asset value, end of period $9.52 
Total ReturnD (1.19)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .35%G,H 
Expenses net of fee waivers, if any .35%G,H 
Expenses net of all reductions .35%G,H 
Net investment income (loss) 1.15%G 
Supplemental Data  
Net assets, end of period (000 omitted) $4,021 
Portfolio turnover rateF 14%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

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

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


Fidelity Freedom Blend 2055 Fund Class I

Year ended March 31, 2019 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)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.31) 
Net asset value, end of period $9.52 
Total ReturnD (1.27)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) .95%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 14%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2055 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.16) 
Total distributions (.32)D 
Net asset value, end of period $9.52 
Total ReturnE (1.23)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .44%H 
Expenses net of fee waivers, if any .44%H 
Expenses net of all reductions .44%H 
Net investment income (loss) 1.05%H 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateG 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.32 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.164 per share.

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

 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 Freedom Blend 2055 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) (.22)C 
Total from investment operations (.16) 
Distributions from net investment income (.16) 
Distributions from net realized gain (.16) 
Total distributions (.32) 
Net asset value, end of period $9.52 
Total ReturnD (1.19)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) 1.15%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 14%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom® Blend 2060 Fund

Investment Summary (Unaudited)

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

Top Holdings as of March 31, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 17.5 
Fidelity Series Blue Chip Growth Fund 12.0 
Fidelity Series Large Cap Growth Index Fund 9.4 
Fidelity Series Large Cap Stock Fund 9.3 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series International Growth Fund 8.0 
Fidelity Series International Value Fund 7.9 
Fidelity Series Value Discovery Fund 5.5 
Fidelity Series Small Cap Opportunities Fund 4.7 
Fidelity Series Long-Term Treasury Bond Index Fund 3.5 
 86.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 60.9% 
   International Equity Funds 30.9% 
   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 Freedom® Blend 2060 Fund

Schedule of Investments March 31, 2019

Showing Percentage of Net Assets

Domestic Equity Funds - 60.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 21,200 $312,706 
Fidelity Series Commodity Strategy Fund (a) 13,547 64,618 
Fidelity Series Large Cap Growth Index Fund (a) 24,286 244,799 
Fidelity Series Large Cap Stock Fund (a) 16,644 243,833 
Fidelity Series Large Cap Value Index Fund (a) 36,793 456,600 
Fidelity Series Small Cap Opportunities Fund (a) 9,049 121,805 
Fidelity Series Value Discovery Fund (a) 11,567 144,469 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,555,251)  1,588,830 
International Equity Funds - 30.9%   
Fidelity Series Canada Fund (a) 2,417 24,916 
Fidelity Series Emerging Markets Fund (a) 2,598 25,432 
Fidelity Series Emerging Markets Opportunities Fund (a) 12,434 230,401 
Fidelity Series International Growth Fund (a) 13,772 209,203 
Fidelity Series International Index Fund (a) 5,590 54,893 
Fidelity Series International Small Cap Fund (a) 3,522 54,693 
Fidelity Series International Value Fund (a) 22,186 206,332 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $791,076)  805,870 
Bond Funds - 7.1%   
Fidelity Series Corporate Bond Fund (a) 473 4,796 
Fidelity Series Emerging Markets Debt Fund (a) 1,809 17,348 
Fidelity Series Floating Rate High Income Fund (a) 420 3,892 
Fidelity Series Government Bond Index Fund (a) 650 6,645 
Fidelity Series High Income Fund (a) 3,162 29,725 
Fidelity Series Inflation-Protected Bond Index Fund (a) 801 7,831 
Fidelity Series Investment Grade Bond Fund (a) 629 7,032 
Fidelity Series Investment Grade Securitized Fund (a) 486 4,947 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 10,402 92,266 
Fidelity Series Real Estate Income Fund (a) 1,131 12,341 
TOTAL BOND FUNDS   
(Cost $181,282)  186,823 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund, 2.48% (b) 49 49 
Fidelity Series Government Money Market Fund 2.5% (a)(c) 6,419 6,419 
Fidelity Series Short-Term Credit Fund (a) 644 6,420 
Fidelity Series Treasury Bill Index Fund (a) 1,659 16,578 
TOTAL SHORT-TERM FUNDS   
(Cost $29,418)  29,466 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,557,027)  2,610,989 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (882) 
NET ASSETS - 100%  $2,610,107 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

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

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $195 
Total $195 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Blue Chip Growth Fund $-- $319,604 $11,493 $14,041 $(1,806) $6,401 $312,706 
Fidelity Series Canada Fund -- 25,247 1,083 208 (68) 820 24,916 
Fidelity Series Commodity Strategy Fund -- 67,529 2,035 1,253 (82) (794) 64,618 
Fidelity Series Corporate Bond Fund -- 5,496 846 55 (2) 148 4,796 
Fidelity Series Emerging Markets Debt Fund -- 17,561 582 315 368 17,348 
Fidelity Series Emerging Markets Fund -- 25,029 337 39 (3) 743 25,432 
Fidelity Series Emerging Markets Opportunities Fund -- 228,553 6,477 7,112 (326) 8,651 230,401 
Fidelity Series Floating Rate High Income Fund -- 5,000 1,088 112 (18) (2) 3,892 
Fidelity Series Government Bond Index Fund -- 7,535 997 49 (3) 110 6,645 
Fidelity Series Government Money Market Fund 2.5% -- 7,072 653 51 -- -- 6,419 
Fidelity Series High Income Fund -- 33,501 4,191 727 (75) 490 29,725 
Fidelity Series Inflation-Protected Bond Index Fund -- 8,048 299 54 (3) 85 7,831 
Fidelity Series International Growth Fund -- 210,351 6,045 5,260 (475) 5,372 209,203 
Fidelity Series International Index Fund -- 54,364 762 121 (33) 1,324 54,893 
Fidelity Series International Small Cap Fund -- 56,549 1,145 1,975 (158) (553) 54,693 
Fidelity Series International Value Fund -- 211,273 3,069 2,898 (309) (1,563) 206,332 
Fidelity Series Investment Grade Bond Fund -- 8,039 1,167 68 (3) 163 7,032 
Fidelity Series Investment Grade Securitized Fund -- 5,760 888 46 (3) 78 4,947 
Fidelity Series Large Cap Growth Index Fund -- 239,369 7,233 477 (298) 12,961 244,799 
Fidelity Series Large Cap Stock Fund -- 246,830 7,706 3,744 (418) 5,127 243,833 
Fidelity Series Large Cap Value Index Fund -- 462,478 14,471 9,515 (439) 9,032 456,600 
Fidelity Series Long-Term Treasury Bond Index Fund -- 94,475 6,004 860 (71) 3,866 92,266 
Fidelity Series Real Estate Income Fund -- 12,445 328 294 (11) 235 12,341 
Fidelity Series Short-Term Credit Fund -- 7,043 679 60 (1) 57 6,420 
Fidelity Series Small Cap Opportunities Fund -- 127,731 5,312 4,828 (1,207) 593 121,805 
Fidelity Series Treasury Bill Index Fund -- 21,441 4,850 172 (4) (9) 16,578 
Fidelity Series Value Discovery Fund -- 148,513 4,167 3,329 (136) 259 144,469 
 $-- $2,656,836 $93,907 $57,663 $(5,951) $53,962 $2,610,940 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

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® Blend 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  March 31, 2019 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $2,556,978) 2,610,940  
Total Investment in Securities (cost $2,557,027)  $2,610,989 
Cash  147 
Receivable for investments sold  11,317 
Receivable for fund shares sold  7,292 
Total assets  2,629,745 
Liabilities   
Payable for investments purchased $18,609  
Accrued management fee 835  
Distribution and service plan fees payable 194  
Total liabilities  19,638 
Net Assets  $2,610,107 
Net Assets consist of:   
Paid in capital  $2,539,636 
Total distributable earnings (loss)  70,471 
Net Assets  $2,610,107 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($242,936 ÷ 25,482 shares)  $9.53 
Maximum offering price per share (100/94.25 of $9.53)  $10.11 
Class M:   
Net Asset Value and redemption price per share ($143,234 ÷ 15,031 shares)  $9.53 
Maximum offering price per share (100/96.50 of $9.53)  $9.88 
Class C:   
Net Asset Value and offering price per share ($107,077 ÷ 11,250 shares)(a)  $9.52 
Fidelity Freedom Blend 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($452,949 ÷ 47,503 shares)  $9.54 
Class K:   
Net Asset Value, offering price and redemption price per share ($98,743 ÷ 10,348 shares)  $9.54 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,260,982 ÷ 132,120 shares)  $9.54 
Class I:   
Net Asset Value, offering price and redemption price per share ($102,373 ÷ 10,731 shares)  $9.54 
Class Z:   
Net Asset Value, offering price and redemption price per share ($98,852 ÷ 10,359 shares)  $9.54 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($102,961 ÷ 10,788 shares)  $9.54 

 (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

  For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Investment Income   
Dividends:   
Affiliated issuers  $18,875 
Income from Fidelity Central Funds  195 
Total income  19,070 
Expenses   
Management fee $3,764  
Distribution and service plan fees 1,069  
Independent trustees' fees and expenses  
Total expenses  4,836 
Net investment income (loss)  14,234 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (5,951)  
Capital gain distributions from underlying funds:   
Affiliated issuers 38,788  
Total net realized gain (loss)  32,837 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 53,962  
Total change in net unrealized appreciation (depreciation)  53,962 
Net gain (loss)  86,799 
Net increase (decrease) in net assets resulting from operations  $101,033 

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


Statement of Changes in Net Assets

 For the period
August 31, 2018 (commencement of operations) to
March 31, 2019 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $14,234 
Net realized gain (loss) 32,837 
Change in net unrealized appreciation (depreciation) 53,962 
Net increase (decrease) in net assets resulting from operations 101,033 
Distributions to shareholders (30,562) 
Total distributions (30,562) 
Share transactions - net increase (decrease) 2,539,636 
Total increase (decrease) in net assets 2,610,107 
Net Assets  
Beginning of period – 
End of period $2,610,107 

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


Financial Highlights

Fidelity Freedom Blend 2060 Fund Class A

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .08 
Net realized and unrealized gain (loss) (.27)C 
Total from investment operations (.19) 
Distributions from net investment income (.14) 
Distributions from net realized gain (.15) 
Total distributions (.28)D 
Net asset value, end of period $9.53 
Total ReturnE,F (1.50)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions .80%I,J 
Expenses net of fee waivers, if any .80%I,J 
Expenses net of all reductions .80%I,J 
Net investment income (loss) 1.50%I 
Supplemental Data  
Net assets, end of period (000 omitted) $243 
Portfolio turnover rateH 11%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.28 per share is comprised of distributions from net investment income of $.139 and distributions from net realized gain of $.145 per share.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment 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 and expense amounts may cause ratios to differ from contractual rates.

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


Fidelity Freedom Blend 2060 Fund Class M

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .07 
Net realized and unrealized gain (loss) (.26)C 
Total from investment operations (.19) 
Distributions from net investment income (.13) 
Distributions from net realized gain (.15) 
Total distributions (.28) 
Net asset value, end of period $9.53 
Total ReturnD,E (1.59)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.04%H 
Expenses net of fee waivers, if any 1.04%H 
Expenses net of all reductions 1.04%H 
Net investment income (loss) 1.25%H 
Supplemental Data  
Net assets, end of period (000 omitted) $143 
Portfolio turnover rateG 11%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2060 Fund Class C

Year ended March 31, 2019 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)C 
Total from investment operations (.22) 
Distributions from net investment income (.12) 
Distributions from net realized gain (.15) 
Total distributions (.26)D 
Net asset value, end of period $9.52 
Total ReturnE,F (1.87)% 
Ratios to Average Net AssetsG,H  
Expenses before reductions 1.54%I 
Expenses net of fee waivers, if any 1.54%I 
Expenses net of all reductions 1.54%I 
Net investment income (loss) .76%I 
Supplemental Data  
Net assets, end of period (000 omitted) $107 
Portfolio turnover rateH 11%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.145 per share.

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

 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

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


Fidelity Freedom Blend 2060 Fund

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .09 
Net realized and unrealized gain (loss) (.25)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.30) 
Net asset value, end of period $9.54 
Total ReturnD (1.27)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .54%G 
Expenses net of fee waivers, if any .54%G 
Expenses net of all reductions .54%G 
Net investment income (loss) 1.75%G 
Supplemental Data  
Net assets, end of period (000 omitted) $453 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2060 Fund Class K

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) (.26)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.30) 
Net asset value, end of period $9.54 
Total ReturnD (1.28)% 
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) 1.85%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateE 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2060 Fund Class K6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) (.26)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.30) 
Net asset value, end of period $9.54 
Total ReturnD (1.24)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) 1.95%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,261 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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 Freedom Blend 2060 Fund Class I

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) (.27)C 
Total from investment operations (.17) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.29)D 
Net asset value, end of period $9.54 
Total ReturnE (1.31)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions .54%H 
Expenses net of fee waivers, if any .54%H 
Expenses net of all reductions .54%H 
Net investment income (loss) 1.75%H 
Supplemental Data  
Net assets, end of period (000 omitted) $102 
Portfolio turnover rateG 11%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.29 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.145 per share.

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

 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 Freedom Blend 2060 Fund Class Z

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .10 
Net realized and unrealized gain (loss) (.26)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.30) 
Net asset value, end of period $9.54 
Total ReturnD (1.28)% 
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) 1.86%G 
Supplemental Data  
Net assets, end of period (000 omitted) $99 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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. 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.

 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 Freedom Blend 2060 Fund Class Z6

Year ended March 31, 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .11 
Net realized and unrealized gain (loss) (.27)C 
Total from investment operations (.16) 
Distributions from net investment income (.15) 
Distributions from net realized gain (.15) 
Total distributions (.30) 
Net asset value, end of period $9.54 
Total ReturnD (1.24)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .34%G 
Expenses net of fee waivers, if any .34%G 
Expenses net of all reductions .34%G 
Net investment income (loss) 1.96%G 
Supplemental Data  
Net assets, end of period (000 omitted) $103 
Portfolio turnover rateF 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

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

 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.


Notes to Financial Statements

For the period ended March 31, 2019

1. Organization.

Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 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, Fidelity Freedom Blend, Class K, Class K6, Class I, Class Z 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. Effective March 1, 2019, Class C shares will automatically convert to Class A shares after a holding period of ten years from the initial date of purchase, with certain exceptions. 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). Certain Underlying Funds incurred name changes since their most recent shareholder report. The names of the Underlying Funds are those in effect at period end.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. 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. As of March 31, 2019, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. 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 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 for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Blend Income Fund $2,716,953 $73,628 $(13,105) $60,523 
Fidelity Freedom Blend 2005 Fund 2,046,039 59,176 (18,943) 40,233 
Fidelity Freedom Blend 2010 Fund 2,580,751 80,139 (16,973) 63,166 
Fidelity Freedom Blend 2015 Fund 9,087,056 413,146 (22,171) 390,975 
Fidelity Freedom Blend 2020 Fund 22,687,218 1,364,682 (3,230) 1,361,452 
Fidelity Freedom Blend 2025 Fund 41,667,757 2,423,577 (12,584) 2,410,993 
Fidelity Freedom Blend 2030 Fund 22,492,561 1,532,077 (29,472) 1,502,605 
Fidelity Freedom Blend 2035 Fund 23,444,909 1,660,768 (53,511) 1,607,257 
Fidelity Freedom Blend 2040 Fund 15,518,253 1,222,840 (43,485) 1,179,355 
Fidelity Freedom Blend 2045 Fund 9,487,508 616,466 (82,733) 533,733 
Fidelity Freedom Blend 2050 Fund 8,320,957 558,885 (59,087) 499,798 
Fidelity Freedom Blend 2055 Fund 4,853,462 303,142 (59,364) 243,778 
Fidelity Freedom Blend 2060 Fund 2,562,999 115,699 (67,709) 47,990 

The tax-based components of distributable earnings as of period end were as follows for each Fund:

 Undistributed ordinary income Undistributed long-term capital gain Net unrealized appreciation (depreciation) on securities and other investments 
Fidelity Freedom Blend Income Fund $7,721 $4,049 $60,523 
Fidelity Freedom Blend 2005 Fund 9,310 4,624 40,233 
Fidelity Freedom Blend 2010 Fund 20,261 – 63,166 
Fidelity Freedom Blend 2015 Fund 40,724 1,579 390,975 
Fidelity Freedom Blend 2020 Fund 134,250 4,175 1,361,452 
Fidelity Freedom Blend 2025 Fund 107,533 13,163 2,410,993 
Fidelity Freedom Blend 2030 Fund 53,138 8,130 1,502,605 
Fidelity Freedom Blend 2035 Fund 32,824 18,971 1,607,257 
Fidelity Freedom Blend 2040 Fund 24,562 10,867 1,179,355 
Fidelity Freedom Blend 2045 Fund 9,817 29,565 533,733 
Fidelity Freedom Blend 2050 Fund 6,820 18,898 499,798 
Fidelity Freedom Blend 2055 Fund 6,286 15,723 243,778 
Fidelity Freedom Blend 2060 Fund 1,250 21,231 47,990 

Certain of the Funds intend to elect to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to March 31, 2019. Loss deferrals were as follows:

 Capital losses 
Fidelity Freedom Blend 2010 Fund $(2,272) 

The tax character of distributions paid was as follows:

March 31, 2019(a)    
 Ordinary Income Long-term Capital Gains Total 
Fidelity Freedom Blend Income Fund $22,760 $1,834 $24,594 
Fidelity Freedom Blend 2005 Fund 12,566 3,062 15,628 
Fidelity Freedom Blend 2010 Fund 14,253 4,324 18,577 
Fidelity Freedom Blend 2015 Fund 17,733 5,221 22,954 
Fidelity Freedom Blend 2020 Fund 20,764 6,526 27,290 
Fidelity Freedom Blend 2025 Fund 22,001 7,519 29,520 
Fidelity Freedom Blend 2030 Fund 17,786 9,425 27,211 
Fidelity Freedom Blend 2035 Fund 23,081 10,632 33,713 
Fidelity Freedom Blend 2040 Fund 19,601 11,710 31,311 
Fidelity Freedom Blend 2045 Fund 27,675 12,202 39,877 
Fidelity Freedom Blend 2050 Fund 17,198 11,596 28,794 
Fidelity Freedom Blend 2055 Fund 16,884 11,570 28,454 
Fidelity Freedom Blend 2060 Fund 18,947 11,615 30,562 

 (a) For the period August 31, 2018 (commencement of operations) to March 31, 2019.

4. Purchases and Sales of Investments.

Purchases and sales of securities (including the Underlying Fund shares), other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Freedom Blend Income Fund 3,241,719 525,236 
Fidelity Freedom Blend 2005 Fund 2,138,587 92,546 
Fidelity Freedom Blend 2010 Fund 3,538,293 957,863 
Fidelity Freedom Blend 2015 Fund 10,431,253 1,345,487 
Fidelity Freedom Blend 2020 Fund 27,533,753 4,902,053 
Fidelity Freedom Blend 2025 Fund 43,981,184 2,315,280 
Fidelity Freedom Blend 2030 Fund 24,229,355 1,737,364 
Fidelity Freedom Blend 2035 Fund 24,400,542 956,311 
Fidelity Freedom Blend 2040 Fund 16,242,770 724,870 
Fidelity Freedom Blend 2045 Fund 9,983,181 495,828 
Fidelity Freedom Blend 2050 Fund 8,594,476 273,702 
Fidelity Freedom Blend 2055 Fund 5,048,843 195,462 
Fidelity Freedom Blend 2060 Fund 2,656,836 93,907 

5. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. 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. For the reporting period, 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, Fidelity Freedom Blend Class) Annual % of Class-Level Average Net Assets
(Classes K, K6, Z, Z6) 
Fidelity Freedom Blend Income Fund .46% .36% 
Fidelity Freedom Blend 2005 Fund .46% .36% 
Fidelity Freedom Blend 2010 Fund .47% .37% 
Fidelity Freedom Blend 2015 Fund .49% .39% 
Fidelity Freedom Blend 2020 Fund .50% .40% 
Fidelity Freedom Blend 2025 Fund .51% .41% 
Fidelity Freedom Blend 2030 Fund .52% .42% 
Fidelity Freedom Blend 2035 Fund .53% .43% 
Fidelity Freedom Blend 2040 Fund .54% .44% 
Fidelity Freedom Blend 2045 Fund .54% .44% 
Fidelity Freedom Blend 2050 Fund .54% .44% 
Fidelity Freedom Blend 2055 Fund .54% .44% 
Fidelity Freedom Blend 2060 Fund .54% .44% 

Under the expense contract, the investment adviser pays class-level expenses for Class K6 and Class Z6 of each Fund as necessary so that Class K6 and Class Z6 total expenses do not exceed certain amounts of Class K6 and Class Z6 average net assets, respectively, on an annual basis with certain exceptions, as noted in the following table:

  Annual % of Class-Level Average Net Assets (Class K6, Z6) 
Fidelity Freedom Blend Income Fund .26% 
Fidelity Freedom Blend 2005 Fund .26% 
Fidelity Freedom Blend 2010 Fund .27% 
Fidelity Freedom Blend 2015 Fund .29% 
Fidelity Freedom Blend 2020 Fund .30% 
Fidelity Freedom Blend 2025 Fund .31% 
Fidelity Freedom Blend 2030 Fund .32% 
Fidelity Freedom Blend 2035 Fund .33% 
Fidelity Freedom Blend 2040 Fund .34% 
Fidelity Freedom Blend 2045 Fund .34% 
Fidelity Freedom Blend 2050 Fund .34% 
Fidelity Freedom Blend 2055 Fund .34% 
Fidelity Freedom Blend 2060 Fund .34% 

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 
Fidelity Freedom Blend Income Fund     
Class A -% .25% $154 $96 
Class M .25% .25% 290 290 
Class C .75% .25% 819 572 
   $1,263 $958 
Fidelity Freedom Blend 2005 Fund     
Class A -% .25% $202 $144 
Class M .25% .25% 290 290 
Class C .75% .25% 576 576 
   $1,068 $1,010 
Fidelity Freedom Blend 2010 Fund     
Class A -% .25% $195 $119 
Class M .25% .25% 326 238 
Class C .75% .25% 573 573 
   $1,094 $930 
Fidelity Freedom Blend 2015 Fund     
Class A -% .25% $151 $142 
Class M .25% .25% 286 286 
Class C .75% .25% 913 648 
   $1,350 $1,076 
Fidelity Freedom Blend 2020 Fund     
Class A -% .25% $553 $126 
Class M .25% .25% 286 181 
Class C .75% .25% 967 628 
   $1,806 $935 
Fidelity Freedom Blend 2025 Fund     
Class A -% .25% $168 $91 
Class M .25% .25% 582 221 
Class C .75% .25% 747 591 
   $1,497 $903 
Fidelity Freedom Blend 2030 Fund     
Class A -% .25% $261 $139 
Class M .25% .25% 298 184 
Class C .75% .25% 987 607 
   $1,546 $930 
Fidelity Freedom Blend 2035 Fund     
Class A -% .25% $216 $18 
Class M .25% .25% 435 129 
Class C .75% .25% 662 581 
   $1,313 $728 
Fidelity Freedom Blend 2040 Fund     
Class A -% .25% $232 $89 
Class M .25% .25% 296 176 
Class C .75% .25% 664 567 
   $1,192 $832 
Fidelity Freedom Blend 2045 Fund     
Class A -% .25% $202 $139 
Class M .25% .25% 382 178 
Class C .75% .25% 632 379 
   $1,216 $696 
Fidelity Freedom Blend 2050 Fund     
Class A -% .25% $211 $89 
Class M .25% .25% 278 278 
Class C .75% .25% 580 580 
   $1,069 $947 
Fidelity Freedom Blend 2055 Fund     
Class A -% .25% $156 $124 
Class M .25% .25% 279 228 
Class C .75% .25% 561 561 
   $996 $913 
Fidelity Freedom Blend 2060 Fund     
Class A -% .25% $192 $75 
Class M .25% .25% 316 226 
Class C .75% .25% 561 561 
   $1,069 $862 

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 
Fidelity Freedom Blend Income Fund  
Class A $346 
 $346 
Fidelity Freedom Blend 2005 Fund  
Class A $2 
 $2 
Fidelity Freedom Blend 2015 Fund  
Class C(a) $9 
 $9 
Fidelity Freedom Blend 2020 Fund  
Class A $12 
Class M 46 
 $58 
Fidelity Freedom Blend 2025 Fund  
Class A $61 
Class M 57 
 $118 
Fidelity Freedom Blend 2030 Fund  
Class A $213 
Class M 
 $219 
Fidelity Freedom Blend 2035 Fund  
Class A $113 
Class M 28 
 $141 
Fidelity Freedom Blend 2040 Fund  
Class A $346 
Class M 196 
 $542 
Fidelity Freedom Blend 2045 Fund  
Class A $1,013 
Class M 1,769 
 $2,782 
Fidelity Freedom Blend 2050 Fund  
Class A $923 
Class M 
 $925 
Fidelity Freedom Blend 2055 Fund  
Class A $50 
Class M 16 
 $66 
Fidelity Freedom Blend 2060 Fund  
Class A $182 
Class M 51 
 $233 

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

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Year ended
March 31, 2019(a) 
Fidelity Freedom Blend Income Fund  
Distributions to shareholders  
Class A $1,681 
Class M 1,415 
Class C 2,260 
Fidelity Freedom Blend Income Fund 6,229 
Class K 1,739 
Class K6 6,084 
Class I 1,678 
Class Z 1,739 
Class Z6 1,769 
Total $24,594 
Fidelity Freedom Blend 2005 Fund  
Distributions to shareholders  
Class A $3,022 
Class M 1,450 
Class C 1,280 
Fidelity Freedom Blend 2005 Fund 1,646 
Class K 1,640 
Class K6 1,670 
Class I 1,610 
Class Z 1,640 
Class Z6 1,670 
Total $15,628 
Fidelity Freedom Blend 2010 Fund  
Distributions to shareholders  
Class A $2,983 
Class M 2,145 
Class C 1,510 
Fidelity Freedom Blend 2010 Fund 2,609 
Class K 1,860 
Class K6 1,890 
Class I 1,830 
Class Z 1,860 
Class Z6 1,890 
Total $18,577 
Fidelity Freedom Blend 2015 Fund  
Distributions to shareholders  
Class A $1,630 
Class M 1,550 
Class C 3,292 
Fidelity Freedom Blend 2015 Fund 7,732 
Class K 1,740 
Class K6 1,780 
Class I 1,710 
Class Z 1,740 
Class Z6 1,780 
Total $22,954 
Fidelity Freedom Blend 2020 Fund  
Distributions to shareholders  
Class A $3,550 
Class M 1,044 
Class C 1,516 
Fidelity Freedom Blend 2020 Fund 15,010 
Class K 1,230 
Class K6 1,260 
Class I 1,190 
Class Z 1,230 
Class Z6 1,260 
Total $27,290 
Fidelity Freedom Blend 2025 Fund  
Distributions to shareholders  
Class A $2,341 
Class M 1,801 
Class C 1,630 
Fidelity Freedom Blend 2025 Fund 13,758 
Class K 1,980 
Class K6 2,010 
Class I 1,950 
Class Z 1,980 
Class Z6 2,070 
Total $29,520 
Fidelity Freedom Blend 2030 Fund  
Distributions to shareholders  
Class A $3,141 
Class M 2,398 
Class C 4,285 
Fidelity Freedom Blend 2030 Fund 4,487 
Class K 2,570 
Class K6 2,610 
Class I 2,540 
Class Z 2,570 
Class Z6 2,610 
Total $27,211 
Fidelity Freedom Blend 2035 Fund  
Distributions to shareholders  
Class A $2,922 
Class M 4,429 
Class C 2,270 
Fidelity Freedom Blend 2035 Fund 10,992 
Class K 2,610 
Class K6 2,650 
Class I 2,580 
Class Z 2,610 
Class Z6 2,650 
Total $33,713 
Fidelity Freedom Blend 2040 Fund  
Distributions to shareholders  
Class A $5,605 
Class M 2,729 
Class C 2,427 
Fidelity Freedom Blend 2040 Fund 6,700 
Class K 2,760 
Class K6 2,800 
Class I 2,730 
Class Z 2,760 
Class Z6 2,800 
Total $31,311 
Fidelity Freedom Blend 2045 Fund  
Distributions to shareholders  
Class A $3,446 
Class M 4,165 
Class C 2,591 
Fidelity Freedom Blend 2045 Fund 16,095 
Class K 2,710 
Class K6 2,740 
Class I 2,680 
Class Z 2,710 
Class Z6 2,740 
Total $39,877 
Fidelity Freedom Blend 2050 Fund  
Distributions to shareholders  
Class A $3,316 
Class M 2,930 
Class C 2,770 
Fidelity Freedom Blend 2050 Fund 4,148 
Class K 3,120 
Class K6 3,150 
Class I 3,090 
Class Z 3,120 
Class Z6 3,150 
Total $28,794 
Fidelity Freedom Blend 2055 Fund  
Distributions to shareholders  
Class A $3,064 
Class M 2,982 
Class C 2,820 
Fidelity Freedom Blend 2055 Fund 3,718 
Class K 3,170 
Class K6 3,200 
Class I 3,130 
Class Z 3,170 
Class Z6 3,200 
Total $28,454 
Fidelity Freedom Blend 2060 Fund  
Distributions to shareholders  
Class A $2,862 
Class M 2,764 
Class C 2,612 
Fidelity Freedom Blend 2060 Fund 7,540 
Class K 2,950 
Class K6 2,980 
Class I 2,924 
Class Z 2,950 
Class Z6 2,980 
Total $30,562 

 (a) For the period August 31, 2018 (commencement of operations) to March 31, 2019.

7. Share Transactions.

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

 Shares Dollars 
 Year ended March 31, 2019 (a) Year ended March 31, 2019 (a) 
Fidelity Freedom Blend Income Fund   
Class A   
Shares sold 10,990 $109,675 
Reinvestment of distributions 173 1,681 
Shares redeemed (499) (5,000) 
Net increase (decrease) 10,664 $106,356 
Class M   
Shares sold 10,000 $100,000 
Reinvestment of distributions 146 1,415 
Net increase (decrease) 10,146 $101,415 
Class C   
Shares sold 18,568 $183,283 
Reinvestment of distributions 234 2,260 
Shares redeemed (6,500) (65,000) 
Net increase (decrease) 12,302 $120,543 
Fidelity Freedom Blend Income Fund   
Shares sold 70,586 $691,454 
Reinvestment of distributions 608 5,886 
Shares redeemed (33,487) (327,744) 
Net increase (decrease) 37,707 $369,596 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 179 1,739 
Net increase (decrease) 10,179 $101,739 
Class K6   
Shares sold 168,319 $1,629,815 
Reinvestment of distributions 620 6,084 
Shares redeemed (3,760) (36,389) 
Net increase (decrease) 165,179 $1,599,510 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 173 1,678 
Net increase (decrease) 10,173 $101,678 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 179 1,739 
Net increase (decrease) 10,179 $101,739 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 182 1,769 
Net increase (decrease) 10,182 $101,769 
Fidelity Freedom Blend 2005 Fund   
Class A   
Shares sold 18,563 $182,296 
Reinvestment of distributions 319 3,022 
Shares redeemed (147) (1,392) 
Net increase (decrease) 18,735 $183,926 
Class M   
Shares sold 10,000 $100,000 
Reinvestment of distributions 153 1,450 
Net increase (decrease) 10,153 $101,450 
Class C   
Shares sold 10,000 $100,000 
Reinvestment of distributions 135 1,280 
Net increase (decrease) 10,135 $101,280 
Fidelity Freedom Blend 2005 Fund   
Shares sold 11,014 $110,028 
Reinvestment of distributions 173 1,646 
Shares redeemed (77) (750) 
Net increase (decrease) 11,110 $110,924 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 173 1,640 
Net increase (decrease) 10,173 $101,640 
Class K6   
Shares sold 117,462 $1,125,955 
Reinvestment of distributions 176 1,670 
Shares redeemed (25) (241) 
Net increase (decrease) 117,613 $1,127,384 
Class I   
Shares sold 10,051 $100,500 
Reinvestment of distributions 170 1,610 
Shares redeemed (51) (499) 
Net increase (decrease) 10,170 $101,611 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 173 1,640 
Net increase (decrease) 10,173 $101,640 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 176 1,670 
Net increase (decrease) 10,176 $101,670 
Fidelity Freedom Blend 2010 Fund   
Class A   
Shares sold 16,826 $166,073 
Reinvestment of distributions 320 2,983 
Shares redeemed (435) (4,175) 
Net increase (decrease) 16,711 $164,881 
Class M   
Shares sold 12,472 $123,732 
Reinvestment of distributions 230 2,145 
Net increase (decrease) 12,702 $125,877 
Class C   
Shares sold 10,000 $100,000 
Reinvestment of distributions 162 1,510 
Net increase (decrease) 10,162 $101,510 
Fidelity Freedom Blend 2010 Fund   
Shares sold 14,603 $145,000 
Reinvestment of distributions 280 2,609 
Net increase (decrease) 14,883 $147,609 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 199 1,860 
Net increase (decrease) 10,199 $101,860 
Class K6   
Shares sold 313,573 $3,001,673 
Reinvestment of distributions 203 1,890 
Shares redeemed (143,149) (1,388,852) 
Net increase (decrease) 170,627 $1,614,711 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 196 1,830 
Net increase (decrease) 10,196 $101,830 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 199 1,860 
Net increase (decrease) 10,199 $101,860 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 203 1,890 
Net increase (decrease) 10,203 $101,890 
Fidelity Freedom Blend 2015 Fund   
Class A   
Shares sold 19,467 $193,535 
Reinvestment of distributions 177 1,630 
Net increase (decrease) 19,644 $195,165 
Class M   
Shares sold 10,000 $100,000 
Reinvestment of distributions 168 1,550 
Net increase (decrease) 10,168 $101,550 
Class C   
Shares sold 23,897 $230,277 
Reinvestment of distributions 358 3,292 
Shares redeemed (9,626) (94,714) 
Net increase (decrease) 14,629 $138,855 
Fidelity Freedom Blend 2015 Fund   
Shares sold 46,537 $453,571 
Reinvestment of distributions 839 7,732 
Shares redeemed (176) (1,698) 
Net increase (decrease) 47,200 $459,605 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 189 1,740 
Net increase (decrease) 10,189 $101,740 
Class K6   
Shares sold 935,723 $8,831,932 
Reinvestment of distributions 193 1,780 
Shares redeemed (112,769) (1,093,561) 
Net increase (decrease) 823,147 $7,740,151 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 186 1,710 
Net increase (decrease) 10,186 $101,710 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 189 1,740 
Net increase (decrease) 10,189 $101,740 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 193 1,780 
Net increase (decrease) 10,193 $101,780 
Fidelity Freedom Blend 2020 Fund   
Class A   
Shares sold 90,623 $866,540 
Reinvestment of distributions 388 3,550 
Shares redeemed (846) (8,100) 
Net increase (decrease) 90,165 $861,990 
Class M   
Shares sold 10,649 $106,358 
Reinvestment of distributions 114 1,044 
Shares redeemed (30) (281) 
Net increase (decrease) 10,733 $107,121 
Class C   
Shares sold 38,753 $379,766 
Reinvestment of distributions 166 1,516 
Net increase (decrease) 38,919 $381,282 
Fidelity Freedom Blend 2020 Fund   
Shares sold 202,319 $1,911,655 
Reinvestment of distributions 1,642 15,010 
Shares redeemed (86,207) (829,813) 
Net increase (decrease) 117,754 $1,096,852 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 134 1,230 
Net increase (decrease) 10,134 $101,230 
Class K6   
Shares sold 2,552,418 $23,902,190 
Reinvestment of distributions 138 1,260 
Shares redeemed (433,337) (4,233,776) 
Net increase (decrease) 2,119,219 $19,669,674 
Class I   
Shares sold 12,024 $120,000 
Reinvestment of distributions 130 1,190 
Net increase (decrease) 12,154 $121,190 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 134 1,230 
Net increase (decrease) 10,134 $101,230 
Class Z6   
Shares sold 16,287 $161,553 
Reinvestment of distributions 138 1,260 
Shares redeemed (6,287) (61,239) 
Net increase (decrease) 10,138 $101,574 
Fidelity Freedom Blend 2025 Fund   
Class A   
Shares sold 18,014 $175,792 
Reinvestment of distributions 261 2,341 
Shares redeemed (1,119) (10,301) 
Net increase (decrease) 17,156 $167,832 
Class M   
Shares sold 75,789 $737,334 
Reinvestment of distributions 200 1,801 
Net increase (decrease) 75,989 $739,135 
Class C   
Shares sold 31,302 $305,603 
Reinvestment of distributions 181 1,630 
Shares redeemed (1,076) (10,218) 
Net increase (decrease) 30,407 $297,015 
Fidelity Freedom Blend 2025 Fund   
Shares sold 195,169 $1,876,769 
Reinvestment of distributions 1,532 13,758 
Shares redeemed (31,642) (307,029) 
Net increase (decrease) 165,059 $1,583,498 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 220 1,980 
Net increase (decrease) 10,220 $101,980 
Class K6   
Shares sold 4,331,747 $40,063,466 
Reinvestment of distributions 224 2,010 
Shares redeemed (180,792) (1,728,766) 
Net increase (decrease) 4,151,179 $38,336,710 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 217 1,950 
Net increase (decrease) 10,217 $101,950 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 220 1,980 
Net increase (decrease) 10,220 $101,980 
Class Z6   
Shares sold 10,301 $103,000 
Reinvestment of distributions 230 2,070 
Net increase (decrease) 10,531 $105,070 
Fidelity Freedom Blend 2030 Fund   
Class A   
Shares sold 35,559 $338,052 
Reinvestment of distributions 359 3,141 
Net increase (decrease) 35,918 $341,193 
Class M   
Shares sold 19,237 $188,421 
Reinvestment of distributions 274 2,398 
Shares redeemed (1,939) (18,770) 
Net increase (decrease) 17,572 $172,049 
Class C   
Shares sold 26,381 $252,448 
Reinvestment of distributions 490 4,285 
Net increase (decrease) 26,871 $256,733 
Fidelity Freedom Blend 2030 Fund   
Shares sold 88,686 $846,378 
Reinvestment of distributions 512 4,487 
Shares redeemed (10,519) (100,972) 
Net increase (decrease) 78,679 $749,893 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 293 2,570 
Net increase (decrease) 10,293 $102,570 
Class K6   
Shares sold 2,344,828 $21,161,628 
Reinvestment of distributions 298 2,610 
Shares redeemed (98,703) (935,205) 
Net increase (decrease) 2,246,423 $20,229,033 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 290 2,540 
Net increase (decrease) 10,290 $102,540 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 293 2,570 
Net increase (decrease) 10,293 $102,570 
Class Z6   
Shares sold 103,038 $988,511 
Reinvestment of distributions 298 2,610 
Shares redeemed (65,359) (622,873) 
Net increase (decrease) 37,977 $368,248 
Fidelity Freedom Blend 2035 Fund   
Class A   
Shares sold 36,896 $353,952 
Reinvestment of distributions 341 2,922 
Shares redeemed (12) (103) 
Net increase (decrease) 37,225 $356,771 
Class M   
Shares sold 17,984 $173,296 
Reinvestment of distributions 517 4,429 
Net increase (decrease) 18,501 $177,725 
Class C   
Shares sold 21,319 $207,251 
Reinvestment of distributions 265 2,270 
Net increase (decrease) 21,584 $209,521 
Fidelity Freedom Blend 2035 Fund   
Shares sold 122,967 $1,168,626 
Reinvestment of distributions 1,284 10,992 
Shares redeemed (21,782) (206,991) 
Net increase (decrease) 102,469 $972,627 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 305 2,610 
Net increase (decrease) 10,305 $102,610 
Class K6   
Shares sold 2,453,196 $21,896,411 
Reinvestment of distributions 309 2,650 
Shares redeemed (70,699) (651,805) 
Net increase (decrease) 2,382,806 $21,247,256 
Class I   
Shares sold 10,888 $108,315 
Reinvestment of distributions 301 2,580 
Net increase (decrease) 11,189 $110,895 
Class Z   
Shares sold 10,440 $103,942 
Reinvestment of distributions 305 2,610 
Net increase (decrease) 10,745 $106,552 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 309 2,650 
Net increase (decrease) 10,309 $102,650 
Fidelity Freedom Blend 2040 Fund   
Class A   
Shares sold 26,037 $245,967 
Reinvestment of distributions 661 5,605 
Net increase (decrease) 26,698 $251,572 
Class M   
Shares sold 13,392 $131,419 
Reinvestment of distributions 321 2,729 
Net increase (decrease) 13,713 $134,148 
Class C   
Shares sold 21,513 $208,602 
Reinvestment of distributions 286 2,427 
Net increase (decrease) 21,799 $211,029 
Fidelity Freedom Blend 2040 Fund   
Shares sold 61,771 $580,805 
Reinvestment of distributions 790 6,700 
Shares redeemed (821) (7,718) 
Net increase (decrease) 61,740 $579,787 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 325 2,760 
Net increase (decrease) 10,325 $102,760 
Class K6   
Shares sold 1,662,001 $14,644,554 
Reinvestment of distributions 330 2,800 
Shares redeemed (98,949) (913,258) 
Net increase (decrease) 1,563,382 $13,734,096 
Class I   
Shares sold 10,124 $101,151 
Reinvestment of distributions 322 2,730 
Net increase (decrease) 10,446 $103,881 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 325 2,760 
Net increase (decrease) 10,325 $102,760 
Class Z6   
Shares sold 26,471 $255,454 
Reinvestment of distributions 330 2,800 
Net increase (decrease) 26,801 $258,254 
Fidelity Freedom Blend 2045 Fund   
Class A   
Shares sold 26,122 $253,005 
Reinvestment of distributions 406 3,446 
Shares redeemed (63) (600) 
Net increase (decrease) 26,465 $255,851 
Class M   
Shares sold 16,576 $160,743 
Reinvestment of distributions 491 4,165 
Shares redeemed (271) (2,560) 
Net increase (decrease) 16,796 $162,348 
Class C   
Shares sold 16,112 $157,390 
Reinvestment of distributions 305 2,591 
Net increase (decrease) 16,417 $159,981 
Fidelity Freedom Blend 2045 Fund   
Shares sold 93,536 $873,152 
Reinvestment of distributions 1,896 16,095 
Shares redeemed (17,143) (148,361) 
Net increase (decrease) 78,289 $740,886 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 319 2,710 
Net increase (decrease) 10,319 $102,710 
Class K6   
Shares sold 905,331 $8,061,254 
Reinvestment of distributions 323 2,740 
Shares redeemed (37,415) (348,453) 
Net increase (decrease) 868,239 $7,715,541 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 316 2,680 
Net increase (decrease) 10,316 $102,680 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 319 2,710 
Net increase (decrease) 10,319 $102,710 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 323 2,740 
Net increase (decrease) 10,323 $102,740 
Fidelity Freedom Blend 2050 Fund   
Class A   
Shares sold 26,016 $241,577 
Reinvestment of distributions 392 3,316 
Shares redeemed (1,246) (11,291) 
Net increase (decrease) 25,162 $233,602 
Class M   
Shares sold 10,039 $100,365 
Reinvestment of distributions 347 2,930 
Net increase (decrease) 10,386 $103,295 
Class C   
Shares sold 14,119 $138,357 
Reinvestment of distributions 327 2,770 
Net increase (decrease) 14,446 $141,127 
Fidelity Freedom Blend 2050 Fund   
Shares sold 49,174 $463,866 
Reinvestment of distributions 491 4,148 
Shares redeemed (705) (6,683) 
Net increase (decrease) 48,960 $461,331 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 369 3,120 
Net increase (decrease) 10,369 $103,120 
Class K6   
Shares sold 812,830 $7,194,569 
Reinvestment of distributions 373 3,150 
Shares redeemed (27,727) (259,318) 
Net increase (decrease) 785,476 $6,938,401 
Class I   
Shares sold 10,292 $102,603 
Reinvestment of distributions 366 3,090 
Net increase (decrease) 10,658 $105,693 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 369 3,120 
Net increase (decrease) 10,369 $103,120 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 373 3,150 
Net increase (decrease) 10,373 $103,150 
Fidelity Freedom Blend 2055 Fund   
Class A   
Shares sold 15,518 $150,503 
Reinvestment of distributions 363 3,064 
Net increase (decrease) 15,881 $153,567 
Class M   
Shares sold 10,302 $102,820 
Reinvestment of distributions 353 2,982 
Net increase (decrease) 10,655 $105,802 
Class C   
Shares sold 10,988 $109,225 
Reinvestment of distributions 334 2,820 
Net increase (decrease) 11,322 $112,045 
Fidelity Freedom Blend 2055 Fund   
Shares sold 33,559 $320,437 
Reinvestment of distributions 440 3,718 
Shares redeemed (364) (3,396) 
Net increase (decrease) 33,635 $320,759 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 375 3,170 
Net increase (decrease) 10,375 $103,170 
Class K6   
Shares sold 439,603 $3,882,496 
Reinvestment of distributions 379 3,200 
Shares redeemed (17,619) (160,478) 
Net increase (decrease) 422,363 $3,725,218 
Class I   
Shares sold 10,000 $100,000 
Reinvestment of distributions 370 3,130 
Net increase (decrease) 10,370 $103,130 
Class Z   
Shares sold 10,000 $100,000 
Reinvestment of distributions 375 3,170 
Net increase (decrease) 10,375 $103,170 
Class Z6   
Shares sold 10,000 $100,000 
Reinvestment of distributions 379 3,200 
Net increase (decrease) 10,379 $103,200 
Fidelity Freedom Blend 2060 Fund   
Class A   
Shares sold 25,144 $239,656 
Reinvestment of distributions 338 2,862 
Net increase (decrease) 25,482 $242,518 
Class M   
Shares sold 14,705 $142,596 
Reinvestment of distributions 326 2,764 
Net increase (decrease) 15,031 $145,360 
Class C   
Shares sold 10,942 $108,820 
Reinvestment of distributions 308 2,612 
Net increase (decrease) 11,250 $111,432 
Fidelity Freedom Blend 2060 Fund   
Shares sold 47,789 $448,564 
Reinvestment of distributions 890 7,540 
Shares redeemed (1,176) (11,123) 
Net increase (decrease) 47,503 $444,981 
Class K   
Shares sold 10,000 $100,000 
Reinvestment of distributions 348 2,950 
Net increase (decrease) 10,348 $102,950 
Class K6   
Shares sold 137,069 $1,222,903 
Reinvestment of distributions 352 2,980 
Shares redeemed (5,301) (50,065) 
Net increase (decrease) 132,120 $1,175,818 
Class I   
Shares sold 10,397 $103,616 
Reinvestment of distributions 345 2,924 
Shares redeemed (11) (99) 
Net increase (decrease) 10,731 $106,441 
Class Z   
Shares sold 10,011 $100,100 
Reinvestment of distributions 348 2,950 
Net increase (decrease) 10,359 $103,050 
Class Z6   
Shares sold 10,436 $104,106 
Reinvestment of distributions 352 2,980 
Net increase (decrease) 10,788 $107,086 

 (a) For the period August 31, 2018 (commencement of operations) to March 31, 2019.

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 Blend 2020 Fund Fidelity Freedom Blend 2025 Fund Fidelity Freedom Blend 2035 Fund 
Fidelity Series Corporate Bond Fund –% 10% –% 
Fidelity Series Government Bond Index Fund 14% 21% –% 
Fidelity Large Cap Growth Index Fund –% 15% 13% 
Fidelity Investment Grade Securitized Fund –% 10% –% 

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 Corporate Bond Fund 28% 
Fidelity Series Government Bond Index Fund 59% 
Fidelity Large Cap Growth Index Fund 71% 
Fidelity Investment Grade Securitized Fund 28% 
Fidelity International Index Fund 23% 

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 Freedom Blend Income Fund 33% 
Fidelity Freedom Blend 2005 Fund 44% 
Fidelity Freedom Blend 2010 Fund 35% 
Fidelity Freedom Blend 2055 Fund 17% 
Fidelity Freedom Blend 2060 Fund 34% 

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Aberdeen Street Trust and Shareholders of Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund , Fidelity Freedom Blend 2020 Fund , Fidelity Freedom Blend 2025 Fund , Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund , Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund:

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund , Fidelity Freedom Blend 2020 Fund , Fidelity Freedom Blend 2025 Fund , Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund , Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund (thirteen of the funds constituting Fidelity Aberdeen Street Trust, hereafter collectively referred to as the “Funds”) as of March 31, 2019, the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the period August 31, 2018 (commencement of operations) through March 31, 2019 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2019, and the results of each of their operations, changes in each of their net assets, and each of the financial highlights for the period August 31, 2018 (commencement of operations) through March 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2019 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinions.

PricewaterhouseCoopers LLP

Boston, Massachusetts

May 17, 2019



We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance.  If the interests of a fund and an underlying Fidelity® fund were to diverge, a conflict of interest could arise and affect how the Trustees and Members of the Advisory Board fulfill their fiduciary duties to the affected funds.  FMRC has structured the funds to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, FMRC, the Trustees, and Members of the Advisory Board would take reasonable steps to minimize and, if possible, eliminate the conflict.  Each of the Trustees oversees 264 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

Each fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544 if you’re an individual investing directly with Fidelity, call 1-800-835-5092 if you’re a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you’re an advisor or invest through one.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-present) and Chairman and Director of FMR (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds. Ms. McAuliffe previously served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company). Earlier roles at FIL included Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo. Ms. McAuliffe also was the Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe is also a director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Previously, Ms. Acton served as a Member of the Advisory Board of certain Fidelity® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). She is the President of First to Four LLC (leadership and mentoring services, 2012-present). She also serves as a member of the Board of Directors and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor, and aerospace systems, 2013-present), Board of Directors and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and Board of Directors of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a Member of the Advisory Board of certain Fidelity® funds (2018), a member of the Board of Directors and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board of Directors, Chair of the Nomination and Governance Committee and member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Board of Directors of the Army Historical Foundation (2015-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present) and a member of the Board of Trustees of Florida Institute of Technology (2015-present) and ThanksUSA (military family education non-profit, 2014-present).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. He serves on the board of directors for Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-present) and K12 Inc. (technology-based education company, 2012-present). Previously, Mr. Engler served as interim president of Michigan State University (2018-2019), a Member of the Advisory Board of certain Fidelity® funds (2014-2016), president of the Business Roundtable (2011-2017), a trustee of The Munder Funds (2003-2014), president and CEO of the National Association of Manufacturers (2004-2011), member of the Board of Trustees of the Annie E. Casey Foundation (2004-2015), and as governor of Michigan (1991-2003). He is a past chairman of the National Governors Association.

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Mr. Gartland is Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007), and Chase Manhattan Bank (1975-1978).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity® funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation plc (diversified power management, 2009-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds and on the Board of Directors of IKON Office Solutions, Inc. (1999-2008), AGL Resources, Inc. (holding company, 2002-2016), and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity® funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company (pipeline and tanker operations). Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Santa Catalina Island Company (real estate, 2009-present). Ms. Knowles is a Member of the Investment Company Institute Board of Governors and a Member of the Governing Council of the Independent Directors Council (2014-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002). Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Mr. Murray is Vice Chairman (2013-present) of Meijer, Inc. (regional retail chain). Previously, Mr. Murray served as a Member of the Advisory Board of certain Fidelity® funds (2016) and as Co-Chief Executive Officer (2013-2016) and President (2006-2013) of Meijer, Inc. Mr. Murray serves as a member of the Board of Directors and Nuclear Review and Public Policy and Responsibility Committees of DTE Energy Company (diversified energy company, 2009-present). Mr. Murray also serves as a member of the Board of Directors of Spectrum Health (not-for-profit health system, 2015-present). Mr. Murray previously served as President of Grand Valley State University (2001-2006), Treasurer for the State of Michigan (1999-2001), Vice President of Finance and Administration for Michigan State University (1998-1999), and a member of the Board of Directors and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray is also a director or trustee of many community and professional organizations.

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Elizabeth Paige Baumann (1968)

Year of Election or Appointment: 2017

Anti-Money Laundering (AML) Officer

Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2018

Secretary and Chief Legal Officer (CLO)

Mr. Coffey also serves as Secretary and CLO of other funds. Mr. Coffey serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-present); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-present). He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Assistant Secretary of certain funds (2009-2018) and as Vice President and Associate General Counsel of FMR LLC (2005-2009).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Adrien E. Deberghes (1967)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Deberghes also serves as an officer of other funds. He serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm, 2016-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as President and Treasurer of certain Fidelity® funds (2013-2018). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). Previously, Mr. Deberghes served in other fund officer roles.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Assistant Treasurer of certain Fidelity® funds (2016-2018). 

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight, serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

John B. McGinty, Jr. (1962)

Year of Election or Appointment: 2016

Chief Compliance Officer

Mr. McGinty also serves as Chief Compliance Officer of other funds. Mr. McGinty is Senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2016-present). Mr. McGinty previously served as Vice President, Senior Attorney at Eaton Vance Management (investment management firm, 2015-2016), and prior to Eaton Vance as global CCO for all firm operations and registered investment companies at GMO LLC (investment management firm, 2009-2015). Before joining GMO LLC, Mr. McGinty served as Senior Vice President, Deputy General Counsel for Fidelity Investments (2007-2009).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2015

Assistant Secretary

Mr. Pogorelec also serves as Assistant Secretary of other funds. Mr. Pogorelec serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2006-present).

Nancy D. Prior (1967)

Year of Election or Appointment: 2014

Vice President

Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President Fixed Income, High Income/Emerging Market Debt and Multi Asset Class Strategies of FIAM LLC (2018-present), President (2016-present) and Director (2014-present) of Fidelity Investments Money Management, Inc. (FIMM) (investment adviser firm), President, Fixed Income (2014-present), and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Vice Chairman of FIAM LLC (investment adviser firm, 2014-2018), a Director of FMR Investment Management (UK) Limited (investment adviser firm, 2015-2018), President Multi-Asset Class Strategies of FMR's Global Asset Allocation Division (2017-2018), Vice President of Fidelity's Money Market Funds (2012-2014), President, Money Market and Short Duration Bond Group of Fidelity Management & Research (FMR) (investment adviser firm, 2013-2014), President, Money Market Group of FMR (2011-2013), Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of certain Fidelity® funds (2008-2009).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2018) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.

Marc L. Spector (1972)

Year of Election or Appointment: 2016

Deputy Treasurer

Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche (accounting firm, 2005-2013).

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).

Shareholder Expense Example

As a shareholder of a 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 management fees, 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 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 (October 1, 2018 to March 31, 2019).

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
October 1, 2018 
Ending
Account Value
March 31, 2019 
Expenses Paid
During Period-B
October 1, 2018
to March 31, 2019 
Fidelity Freedom Blend Income Fund     
Class A .71%    
Actual  $1,000.00 $1,022.20 $3.58 
Hypothetical-C  $1,000.00 $1,021.39 $3.58 
Class M .96%    
Actual  $1,000.00 $1,021.70 $4.84 
Hypothetical-C  $1,000.00 $1,020.14 $4.84 
Class C 1.47%    
Actual  $1,000.00 $1,018.60 $7.40 
Hypothetical-C  $1,000.00 $1,017.60 $7.39 
Fidelity Freedom Blend Income Fund .46%    
Actual  $1,000.00 $1,023.50 $2.32 
Hypothetical-C  $1,000.00 $1,022.64 $2.32 
Class K .36%    
Actual  $1,000.00 $1,025.10 $1.82 
Hypothetical-C  $1,000.00 $1,023.14 $1.82 
Class K6 .27%    
Actual  $1,000.00 $1,025.50 $1.36 
Hypothetical-C  $1,000.00 $1,023.59 $1.36 
Class I .46%    
Actual  $1,000.00 $1,024.40 $2.32 
Hypothetical-C  $1,000.00 $1,022.64 $2.32 
Class Z .36%    
Actual  $1,000.00 $1,025.10 $1.82 
Hypothetical-C  $1,000.00 $1,023.14 $1.82 
Class Z6 .26%    
Actual  $1,000.00 $1,025.40 $1.31 
Hypothetical-C  $1,000.00 $1,023.64 $1.31 
Fidelity Freedom Blend 2005 Fund     
Class A .71%    
Actual  $1,000.00 $1,019.20 $3.57 
Hypothetical-C  $1,000.00 $1,021.39 $3.58 
Class M .96%    
Actual  $1,000.00 $1,017.30 $4.83 
Hypothetical-C  $1,000.00 $1,020.14 $4.84 
Class C 1.46%    
Actual  $1,000.00 $1,015.50 $7.34 
Hypothetical-C  $1,000.00 $1,017.65 $7.34 
Fidelity Freedom Blend 2005 Fund .46%    
Actual  $1,000.00 $1,021.00 $2.32 
Hypothetical-C  $1,000.00 $1,022.64 $2.32 
Class K .36%    
Actual  $1,000.00 $1,021.40 $1.81 
Hypothetical-C  $1,000.00 $1,023.14 $1.82 
Class K6 .27%    
Actual  $1,000.00 $1,021.70 $1.36 
Hypothetical-C  $1,000.00 $1,023.59 $1.36 
Class I .46%    
Actual  $1,000.00 $1,021.00 $2.32 
Hypothetical-C  $1,000.00 $1,022.64 $2.32 
Class Z .36%    
Actual  $1,000.00 $1,021.40 $1.81 
Hypothetical-C  $1,000.00 $1,023.14 $1.82 
Class Z6 .26%    
Actual  $1,000.00 $1,021.70 $1.31 
Hypothetical-C  $1,000.00 $1,023.64 $1.31 
Fidelity Freedom Blend 2010 Fund     
Class A .72%    
Actual  $1,000.00 $1,015.40 $3.62 
Hypothetical-C  $1,000.00 $1,021.34 $3.63 
Class M .97%    
Actual  $1,000.00 $1,013.30 $4.87 
Hypothetical-C  $1,000.00 $1,020.09 $4.89 
Class C 1.47%    
Actual  $1,000.00 $1,011.10 $7.37 
Hypothetical-C  $1,000.00 $1,017.60 $7.39 
Fidelity Freedom Blend 2010 Fund .47%    
Actual  $1,000.00 $1,015.70 $2.36 
Hypothetical-C  $1,000.00 $1,022.59 $2.37 
Class K .37%    
Actual  $1,000.00 $1,015.80 $1.86 
Hypothetical-C  $1,000.00 $1,023.09 $1.87 
Class K6 .28%    
Actual  $1,000.00 $1,017.20 $1.41 
Hypothetical-C  $1,000.00 $1,023.54 $1.41 
Class I .47%    
Actual  $1,000.00 $1,015.50 $2.36 
Hypothetical-C  $1,000.00 $1,022.59 $2.37 
Class Z .37%    
Actual  $1,000.00 $1,015.80 $1.86 
Hypothetical-C  $1,000.00 $1,023.09 $1.87 
Class Z6 .27%    
Actual  $1,000.00 $1,017.20 $1.36 
Hypothetical-C  $1,000.00 $1,023.59 $1.36 
Fidelity Freedom Blend 2015 Fund     
Class A .74%    
Actual  $1,000.00 $1,010.60 $3.71 
Hypothetical-C  $1,000.00 $1,021.24 $3.73 
Class M .99%    
Actual  $1,000.00 $1,008.70 $4.96 
Hypothetical-C  $1,000.00 $1,020.00 $4.99 
Class C 1.50%    
Actual  $1,000.00 $1,007.30 $7.51 
Hypothetical-C  $1,000.00 $1,017.45 $7.54 
Fidelity Freedom Blend 2015 Fund .49%    
Actual  $1,000.00 $1,012.20 $2.46 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Class K .39%    
Actual  $1,000.00 $1,012.80 $1.96 
Hypothetical-C  $1,000.00 $1,022.99 $1.97 
Class K6 .30%    
Actual  $1,000.00 $1,013.20 $1.51 
Hypothetical-C  $1,000.00 $1,023.44 $1.51 
Class I .49%    
Actual  $1,000.00 $1,012.40 $2.46 
Hypothetical-C  $1,000.00 $1,022.49 $2.47 
Class Z .39%    
Actual  $1,000.00 $1,012.80 $1.96 
Hypothetical-C  $1,000.00 $1,022.99 $1.97 
Class Z6 .29%    
Actual  $1,000.00 $1,013.20 $1.46 
Hypothetical-C  $1,000.00 $1,023.49 $1.46 
Fidelity Freedom Blend 2020 Fund     
Class A .77%    
Actual  $1,000.00 $1,007.50 $3.85 
Hypothetical-C  $1,000.00 $1,021.09 $3.88 
Class M 1.00%    
Actual  $1,000.00 $1,005.30 $5.00 
Hypothetical-C  $1,000.00 $1,019.95 $5.04 
Class C 1.52%    
Actual  $1,000.00 $1,002.80 $7.59 
Hypothetical-C  $1,000.00 $1,017.35 $7.64 
Fidelity Freedom Blend 2020 Fund .50%    
Actual  $1,000.00 $1,008.30 $2.50 
Hypothetical-C  $1,000.00 $1,022.44 $2.52 
Class K .40%    
Actual  $1,000.00 $1,008.40 $2.00 
Hypothetical-C  $1,000.00 $1,022.94 $2.02 
Class K6 .31%    
Actual  $1,000.00 $1,008.70 $1.55 
Hypothetical-C  $1,000.00 $1,023.39 $1.56 
Class I .50%    
Actual  $1,000.00 $1,008.90 $2.50 
Hypothetical-C  $1,000.00 $1,022.44 $2.52 
Class Z .40%    
Actual  $1,000.00 $1,008.40 $2.00 
Hypothetical-C  $1,000.00 $1,022.94 $2.02 
Class Z6 .30%    
Actual  $1,000.00 $1,008.70 $1.50 
Hypothetical-C  $1,000.00 $1,023.44 $1.51 
Fidelity Freedom Blend 2025 Fund     
Class A .76%    
Actual  $1,000.00 $1,004.90 $3.80 
Hypothetical-C  $1,000.00 $1,021.14 $3.83 
Class M 1.02%    
Actual  $1,000.00 $1,003.60 $5.10 
Hypothetical-C  $1,000.00 $1,019.85 $5.14 
Class C 1.51%    
Actual  $1,000.00 $1,000.80 $7.53 
Hypothetical-C  $1,000.00 $1,017.40 $7.59 
Fidelity Freedom Blend 2025 Fund .52%    
Actual  $1,000.00 $1,005.20 $2.60 
Hypothetical-C  $1,000.00 $1,022.34 $2.62 
Class K .41%    
Actual  $1,000.00 $1,005.70 $2.05 
Hypothetical-C  $1,000.00 $1,022.89 $2.07 
Class K6 .32%    
Actual  $1,000.00 $1,007.00 $1.60 
Hypothetical-C  $1,000.00 $1,023.34 $1.61 
Class I .51%    
Actual  $1,000.00 $1,005.30 $2.55 
Hypothetical-C  $1,000.00 $1,022.39 $2.57 
Class Z .41%    
Actual  $1,000.00 $1,005.70 $2.05 
Hypothetical-C  $1,000.00 $1,022.89 $2.07 
Class Z6 .31%    
Actual  $1,000.00 $1,007.00 $1.55 
Hypothetical-C  $1,000.00 $1,023.39 $1.56 
Fidelity Freedom Blend 2030 Fund     
Class A .78%    
Actual  $1,000.00 $996.50 $3.88 
Hypothetical-C  $1,000.00 $1,021.04 $3.93 
Class M 1.02%    
Actual  $1,000.00 $995.40 $5.07 
Hypothetical-C  $1,000.00 $1,019.85 $5.14 
Class C 1.52%    
Actual  $1,000.00 $993.90 $7.56 
Hypothetical-C  $1,000.00 $1,017.35 $7.64 
Fidelity Freedom Blend 2030 Fund .53%    
Actual  $1,000.00 $998.40 $2.64 
Hypothetical-C  $1,000.00 $1,022.29 $2.67 
Class K .42%    
Actual  $1,000.00 $999.50 $2.09 
Hypothetical-C  $1,000.00 $1,022.84 $2.12 
Class K6 .33%    
Actual  $1,000.00 $998.90 $1.64 
Hypothetical-C  $1,000.00 $1,023.29 $1.66 
Class I .52%    
Actual  $1,000.00 $998.10 $2.59 
Hypothetical-C  $1,000.00 $1,022.34 $2.62 
Class Z .42%    
Actual  $1,000.00 $999.50 $2.09 
Hypothetical-C  $1,000.00 $1,022.84 $2.12 
Class Z6 .32%    
Actual  $1,000.00 $998.90 $1.59 
Hypothetical-C  $1,000.00 $1,023.34 $1.61 
Fidelity Freedom Blend 2035 Fund     
Class A .79%    
Actual  $1,000.00 $988.20 $3.92 
Hypothetical-C  $1,000.00 $1,020.99 $3.98 
Class M 1.04%    
Actual  $1,000.00 $987.00 $5.15 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.54%    
Actual  $1,000.00 $985.40 $7.62 
Hypothetical-C  $1,000.00 $1,017.25 $7.75 
Fidelity Freedom Blend 2035 Fund .53%    
Actual  $1,000.00 $990.40 $2.63 
Hypothetical-C  $1,000.00 $1,022.29 $2.67 
Class K .43%    
Actual  $1,000.00 $990.30 $2.13 
Hypothetical-C  $1,000.00 $1,022.79 $2.17 
Class K6 .34%    
Actual  $1,000.00 $990.70 $1.69 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Class I .53%    
Actual  $1,000.00 $989.90 $2.63 
Hypothetical-C  $1,000.00 $1,022.29 $2.67 
Class Z .43%    
Actual  $1,000.00 $990.30 $2.13 
Hypothetical-C  $1,000.00 $1,022.79 $2.17 
Class Z6 .33%    
Actual  $1,000.00 $991.70 $1.64 
Hypothetical-C  $1,000.00 $1,023.29 $1.66 
Fidelity Freedom Blend 2040 Fund     
Class A .80%    
Actual  $1,000.00 $985.10 $3.96 
Hypothetical-C  $1,000.00 $1,020.94 $4.03 
Class M 1.04%    
Actual  $1,000.00 $983.20 $5.14 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.55%    
Actual  $1,000.00 $981.20 $7.66 
Hypothetical-C  $1,000.00 $1,017.20 $7.80 
Fidelity Freedom Blend 2040 Fund .54%    
Actual  $1,000.00 $985.50 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class K .44%    
Actual  $1,000.00 $987.10 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class K6 .35%    
Actual  $1,000.00 $987.60 $1.73 
Hypothetical-C  $1,000.00 $1,023.19 $1.77 
Class I .54%    
Actual  $1,000.00 $985.80 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class Z .44%    
Actual  $1,000.00 $987.10 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class Z6 .34%    
Actual  $1,000.00 $987.60 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Fidelity Freedom Blend 2045 Fund     
Class A .79%    
Actual  $1,000.00 $983.40 $3.91 
Hypothetical-C  $1,000.00 $1,020.99 $3.98 
Class M 1.04%    
Actual  $1,000.00 $982.20 $5.14 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.55%    
Actual  $1,000.00 $980.90 $7.65 
Hypothetical-C  $1,000.00 $1,017.20 $7.80 
Fidelity Freedom Blend 2045 Fund .55%    
Actual  $1,000.00 $985.90 $2.72 
Hypothetical-C  $1,000.00 $1,022.19 $2.77 
Class K .44%    
Actual  $1,000.00 $985.50 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class K6 .35%    
Actual  $1,000.00 $986.90 $1.73 
Hypothetical-C  $1,000.00 $1,023.19 $1.77 
Class I .54%    
Actual  $1,000.00 $985.20 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class Z .44%    
Actual  $1,000.00 $985.50 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class Z6 .34%    
Actual  $1,000.00 $986.90 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Fidelity Freedom Blend 2050 Fund     
Class A .80%    
Actual  $1,000.00 $984.00 $3.96 
Hypothetical-C  $1,000.00 $1,020.94 $4.03 
Class M 1.04%    
Actual  $1,000.00 $983.00 $5.14 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.53%    
Actual  $1,000.00 $981.10 $7.56 
Hypothetical-C  $1,000.00 $1,017.30 $7.70 
Fidelity Freedom Blend 2050 Fund .54%    
Actual  $1,000.00 $985.10 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class K .44%    
Actual  $1,000.00 $986.20 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class K6 .35%    
Actual  $1,000.00 $986.50 $1.73 
Hypothetical-C  $1,000.00 $1,023.19 $1.77 
Class I .54%    
Actual  $1,000.00 $985.80 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class Z .44%    
Actual  $1,000.00 $986.20 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class Z6 .34%    
Actual  $1,000.00 $986.50 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Fidelity Freedom Blend 2055 Fund     
Class A .79%    
Actual  $1,000.00 $984.50 $3.91 
Hypothetical-C  $1,000.00 $1,020.99 $3.98 
Class M 1.04%    
Actual  $1,000.00 $983.60 $5.14 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.54%    
Actual  $1,000.00 $980.70 $7.60 
Hypothetical-C  $1,000.00 $1,017.25 $7.75 
Fidelity Freedom Blend 2055 Fund .54%    
Actual  $1,000.00 $985.50 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class K .44%    
Actual  $1,000.00 $986.70 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class K6 .35%    
Actual  $1,000.00 $987.10 $1.73 
Hypothetical-C  $1,000.00 $1,023.19 $1.77 
Class I .54%    
Actual  $1,000.00 $986.30 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class Z .44%    
Actual  $1,000.00 $986.70 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class Z6 .34%    
Actual  $1,000.00 $987.10 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Fidelity Freedom Blend 2060 Fund     
Class A .80%    
Actual  $1,000.00 $984.00 $3.96 
Hypothetical-C  $1,000.00 $1,020.94 $4.03 
Class M 1.04%    
Actual  $1,000.00 $983.10 $5.14 
Hypothetical-C  $1,000.00 $1,019.75 $5.24 
Class C 1.54%    
Actual  $1,000.00 $981.30 $7.61 
Hypothetical-C  $1,000.00 $1,017.25 $7.75 
Fidelity Freedom Blend 2060 Fund .55%    
Actual  $1,000.00 $986.40 $2.72 
Hypothetical-C  $1,000.00 $1,022.19 $2.77 
Class K .44%    
Actual  $1,000.00 $986.20 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class K6 .34%    
Actual  $1,000.00 $986.60 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 
Class I .54%    
Actual  $1,000.00 $985.90 $2.67 
Hypothetical-C  $1,000.00 $1,022.24 $2.72 
Class Z .44%    
Actual  $1,000.00 $986.20 $2.18 
Hypothetical-C  $1,000.00 $1,022.74 $2.22 
Class Z6 .34%    
Actual  $1,000.00 $986.60 $1.68 
Hypothetical-C  $1,000.00 $1,023.24 $1.72 

 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 182/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:

 Pay Date Record Date Dividends Capital Gains 
Fidelity Freedom Blend Income Fund     
Class A 05/06/19 05/03/19 $0.005 $0.004 
Class M 05/06/19 05/03/19 $0.003 $0.004 
Class C 05/06/19 05/03/19 $0.000 $0.004 
Fidelity Freedom Blend Income Fund 05/06/19 05/03/19 $0.007 $0.004 
Class K 05/06/19 05/03/19 $0.008 $0.004 
Class K6 05/06/19 05/03/19 $0.009 $0.004 
Class I 05/06/19 05/03/19 $0.007 $0.004 
Class Z 05/06/19 05/03/19 $0.008 $0.004 
Class Z6 05/06/19 05/03/19 $0.008 $0.004 
Fidelity Freedom Blend 2005 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.004 
Class M 05/13/19 05/10/19 $0.000 $0.004 
Class C 05/13/19 05/10/19 $0.000 $0.004 
Fidelity Freedom Blend 2005 Fund 05/13/19 05/10/19 $0.007 $0.008 
Class K 05/13/19 05/10/19 $0.000 $0.007 
Class K6 05/13/19 05/10/18 $0.007 $0.008 
Class I 05/13/19 05/10/18 $0.000 $0.004 
Class Z 05/13/19 05/10/18 $0.000 $0.007 
Class Z6 05/13/19 05/10/18 $0.001 $0.008 
Fidelity Freedom Blend 2010 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2010 Fund 05/13/19 05/10/19 $0.000 $0.004 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.002 $0.005 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2015 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2015 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.002 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2020 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2020 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.001 $0.004 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2025 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2025 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.001 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2030 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2030 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.000 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2035 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2035 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.000 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2040 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.000 
Class M 05/13/19 05/10/19 $0.000 $0.000 
Class C 05/13/19 05/10/19 $0.000 $0.000 
Fidelity Freedom Blend 2040 Fund 05/13/19 05/10/19 $0.000 $0.000 
Class K 05/13/19 05/10/19 $0.000 $0.000 
Class K6 05/13/19 05/10/18 $0.000 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.000 
Class Z 05/13/19 05/10/18 $0.000 $0.000 
Class Z6 05/13/19 05/10/18 $0.000 $0.000 
Fidelity Freedom Blend 2045 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.001 
Class M 05/13/19 05/10/19 $0.000 $0.001 
Class C 05/13/19 05/10/19 $0.000 $0.001 
Fidelity Freedom Blend 2045 Fund 05/13/19 05/10/19 $0.000 $0.001 
Class K 05/13/19 05/10/19 $0.000 $0.001 
Class K6 05/13/19 05/10/18 $0.000 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.001 
Class Z 05/13/19 05/10/18 $0.000 $0.001 
Class Z6 05/13/19 05/10/18 $0.000 $0.001 
Fidelity Freedom Blend 2050 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.001 
Class M 05/13/19 05/10/19 $0.000 $0.001 
Class C 05/13/19 05/10/19 $0.000 $0.001 
Fidelity Freedom Blend 2050 Fund 05/13/19 05/10/19 $0.000 $0.001 
Class K 05/13/19 05/10/19 $0.000 $0.001 
Class K6 05/13/19 05/10/18 $0.000 $0.003 
Class I 05/13/19 05/10/18 $0.000 $0.001 
Class Z 05/13/19 05/10/18 $0.000 $0.001 
Class Z6 05/13/19 05/10/18 $0.000 $0.001 
Fidelity Freedom Blend 2055 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.002 
Class M 05/13/19 05/10/19 $0.000 $0.002 
Class C 05/13/19 05/10/19 $0.000 $0.002 
Fidelity Freedom Blend 2055 Fund 05/13/19 05/10/19 $0.000 $0.002 
Class K 05/13/19 05/10/19 $0.000 $0.002 
Class K6 05/13/19 05/10/18 $0.000 $0.004 
Class I 05/13/19 05/10/18 $0.000 $0.002 
Class Z 05/13/19 05/10/18 $0.000 $0.002 
Class Z6 05/13/19 05/10/18 $0.000 $0.002 
Fidelity Freedom Blend 2060 Fund     
Class A 05/13/19 05/10/19 $0.000 $0.011 
Class M 05/13/19 05/10/19 $0.000 $0.011 
Class C 05/13/19 05/10/19 $0.000 $0.011 
Fidelity Freedom Blend 2060 Fund 05/13/19 05/10/19 $0.000 $0.011 
Class K 05/13/19 05/10/19 $0.000 $0.011 
Class K6 05/13/19 05/10/18 $0.000 $0.014 
Class I 05/13/19 05/10/18 $0.000 $0.011 
Class Z 05/13/19 05/10/18 $0.000 $0.011 
Class Z6 05/13/19 05/10/18 $0.000 $0.011 

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2019, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Freedom Blend Income Fund $5,883 
Fidelity Freedom Blend 2005 Fund $7,686 
Fidelity Freedom Blend 2010 Fund $4,296 
Fidelity Freedom Blend 2015 Fund $6,801 
Fidelity Freedom Blend 2020 Fund $10,701 
Fidelity Freedom Blend 2025 Fund $20,683 
Fidelity Freedom Blend 2030 Fund $17,555 
Fidelity Freedom Blend 2035 Fund $29,604 
Fidelity Freedom Blend 2040 Fund $22,577 
Fidelity Freedom Blend 2045 Fund $41,767 
Fidelity Freedom Blend 2050 Fund $30,493 
Fidelity Freedom Blend 2055 Fund $27,293 
Fidelity Freedom Blend 2060 Fund $32,846 

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax:

  
Fidelity Freedom Blend Income Fund 32.55% 
Fidelity Freedom Blend 2005 Fund 26.37% 
Fidelity Freedom Blend 2010 Fund 21.22% 
Fidelity Freedom Blend 2015 Fund 23.28% 
Fidelity Freedom Blend 2020 Fund 25.91% 
Fidelity Freedom Blend 2025 Fund 25.54% 
Fidelity Freedom Blend 2030 Fund 18.03% 
Fidelity Freedom Blend 2035 Fund 11.67% 
Fidelity Freedom Blend 2040 Fund 6.67% 
Fidelity Freedom Blend 2045 Fund 4.11% 
Fidelity Freedom Blend 2050 Fund 4.98% 
Fidelity Freedom Blend 2055 Fund 3.93% 
Fidelity Freedom Blend 2060 Fund 2.90% 

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:

 Class A Class M Class C Fidelity Freedom Blend Class Class K Class K6 Class I Class Z Class Z6 
Fidelity Freedom Blend Income Fund          
October 2018 9% 10% 12% 9% 9% 9% 9% 9% 9% 
November 2018 13% 19% 0% 8% 8% 8% 8% 8% 8% 
December 2018 10% 10% 10% 9% 9% 9% 9% 9% 9% 
February 2019 2% 3% 7% 2% 2% 2% 2% 2% 2% 
March 2019 2% 3% 5% 2% 2% 2% 2% 2% 2% 
Fidelity Freedom Blend 2005 Fund          
December 2018 13% 15% 18% 13% 13% 13% 13% 13% 13% 
Fidelity Freedom Blend 2010 Fund          
December 2018 19% 20% 24% 18% 18% 18% 18% 18% 18% 
Fidelity Freedom Blend 2015 Fund          
December 2018 25% 27% 25% 22% 23% 22% 23% 23% 22% 
Fidelity Freedom Blend 2020 Fund          
December 2018 27% 35% 37% 25% 28% 27% 29% 28% 27% 
Fidelity Freedom Blend 2025 Fund          
December 2018 31% 34% 39% 29% 30% 29% 30% 30% 29% 
Fidelity Freedom Blend 2030 Fund          
December 2018 34% 36% 37% 32% 32% 32% 33% 32% 32% 
Fidelity Freedom Blend 2035 Fund          
December 2018 38% 39% 45% 36% 36% 35% 37% 36% 35% 
Fidelity Freedom Blend 2040 Fund          
December 2018 38% 42% 47% 37% 38% 37% 38% 38% 37% 
Fidelity Freedom Blend 2045 Fund          
December 2018 41% 41% 47% 38% 39% 38% 39% 39% 38% 
Fidelity Freedom Blend 2050 Fund          
December 2018 39% 41% 46% 37% 37% 37% 38% 37% 37% 
Fidelity Freedom Blend 2055 Fund          
December 2018 39% 41% 45% 37% 37% 36% 38% 37% 36% 
Fidelity Freedom Blend 2060 Fund          
December 2018 40% 42% 46% 37% 38% 37% 38% 38% 37% 

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

 Class A Class M Class C Fidelity Freedom Blend Class Class K Class K6 Class I Class Z Class Z6 
Fidelity Freedom Blend Income Fund          
October 2018 29% 32% 37% 27% 27% 27% 27% 27% 27% 
November 2018 39% 59% 0% 26% 26% 26% 26% 26% 26% 
December 2018 30% 32% 30% 28% 28% 27% 29% 28% 27% 
February 2019 3% 3% 7% 3% 2% 2% 2% 2% 2% 
March 2019 3% 3% 5% 2% 2% 2% 2% 2% 2% 
Fidelity Freedom Blend 2005 Fund          
December 2018 34% 40% 46% 35% 34% 33% 35% 34% 33% 
Fidelity Freedom Blend 2010 Fund          
December 2018 47% 50% 60% 46% 45% 44% 46% 45% 44% 
Fidelity Freedom Blend 2015 Fund          
December 2018 54% 58% 55% 49% 50% 49% 51% 50% 49% 
Fidelity Freedom Blend 2020 Fund          
December 2018 57% 73% 77% 53% 58% 56% 61% 58% 56% 
Fidelity Freedom Blend 2025 Fund          
December 2018 65% 71% 81% 60% 62% 61% 63% 62% 61% 
Fidelity Freedom Blend 2030 Fund          
December 2018 66% 70% 72% 63% 63% 61% 64% 63% 61% 
Fidelity Freedom Blend 2035 Fund          
December 2018 71% 72% 83% 67% 68% 66% 69% 68% 66% 
Fidelity Freedom Blend 2040 Fund          
December 2018 69% 77% 86% 68% 69% 68% 71% 69% 68% 
Fidelity Freedom Blend 2045 Fund          
December 2018 76% 76% 87% 71% 72% 71% 73% 72% 71% 
Fidelity Freedom Blend 2050 Fund          
December 2018 72% 76% 84% 68% 68% 67% 70% 68% 67% 
Fidelity Freedom Blend 2055 Fund          
December 2018 72% 75% 83% 69% 68% 67% 69% 68% 67% 
Fidelity Freedom Blend 2060 Fund          
December 2018 73% 77% 85% 69% 69% 68% 70% 69% 68% 

The funds will notify shareholders in January 2020 of amounts for use in preparing 2019 income tax returns.





Fidelity Investments

FBF-ANN-0519
1.9890344.100





Item 2.

Code of Ethics


As of the end of the period, March 31, 2019, Fidelity Aberdeen Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer.  A copy of the code of ethics is filed as an exhibit to this Form N-CSR.


Item 3.

Audit Committee Financial Expert


The Board of Trustees of the trust has determined that Elizabeth S. Acton is an audit committee financial expert, as defined in Item 3 of Form N-CSR.   Ms. Acton is independent for purposes of Item 3 of Form N-CSR.  


Item 4.  

Principal Accountant Fees and Services


Fees and Services


The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Advisor Freedom Income Fund,  Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, Fidelity Advisor Freedom 2060 Fund, Fidelity 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”):

 

Services Billed by Deloitte Entities


March 31, 2019 FeesA

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity Advisor Freedom Income Fund

 $27,000

$-

 $5,000    

$800

Fidelity Advisor Freedom 2005 Fund

$26,000

$-


$5,000    

$700

Fidelity Advisor Freedom 2010 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2015 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2020 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2025 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2030 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2035 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2040 Fund

$26,000

$-

$5,000    

$700

Fidelity Advisor Freedom 2045 Fund

 $27,000

$-

$5,000    

$800

Fidelity Advisor Freedom 2050 Fund

 $26,000

$-

 $5,000    

$700

Fidelity Advisor Freedom 2055 Fund

 $27,000

$-

$5,000    

$800

Fidelity Advisor Freedom 2060 Fund

 $27,000

$-

$5,000    

$800

Fidelity Freedom Index Income Fund

 $20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2005 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2010 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2015 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2020 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2025 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2030 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2035 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2040 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2045 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2050 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2055 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2060 Fund

 $20,000

$-

 $4,800    

$600




March 31, 2018 FeesA

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity Advisor Freedom Income Fund

 $25,000

$-

 $5,000    

$600

Fidelity Advisor Freedom 2005 Fund

$25,000

$-


$5,000    

$600

Fidelity Advisor Freedom 2010 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2015 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2020 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2025 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2030 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2035 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2040 Fund

$25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2045 Fund

 $25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2050 Fund

 $25,000

$-

 $5,000    

$600

Fidelity Advisor Freedom 2055 Fund

 $25,000

$-

$5,000    

$600

Fidelity Advisor Freedom 2060 Fund

 $25,000

$-

$5,000    

$600

Fidelity Freedom Index Income Fund

 $20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2005 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2010 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2015 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2020 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2025 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2030 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2035 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2040 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2045 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2050 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2055 Fund

$20,000

$-

 $4,800    

$600

Fidelity Freedom Index 2060 Fund

 $20,000

$-

 $4,800    

$600



A Amounts may reflect rounding.



The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund, Fidelity Flex Freedom 2060 Fund, 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, Fidelity Freedom 2060 Fund, Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund (the “Funds”):


Services Billed by PwC


March 31, 2019 FeesA,B

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity Flex Freedom Income Fund

 $19,000  

$1,500

$3,000    

$900

Fidelity Flex Freedom 2005 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2010 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2015 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2020 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2025 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2030 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2035 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2040 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2045 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2050 Fund

 $21,000  

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2055 Fund

$21,000

$1,700

$3,000    

$1,000

Fidelity Flex Freedom 2060 Fund

$21,000

$1,700

$3,000    

$1,000

Fidelity Freedom Income Fund

 $26,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2005 Fund

 $27,000  

$2,000


$2,400    

$1,200

Fidelity Freedom 2010 Fund

 $28,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2015 Fund

 $28,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2020 Fund

 $28,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2025 Fund

 $28,000  

$2,000

$2,400       

$1,200

Fidelity Freedom 2030 Fund

 $28,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2035 Fund

 $29,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2040 Fund

 $29,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2045 Fund

 $29,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2050 Fund

 $29,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2055 Fund

 $26,000  

$2,000

$2,400    

$1,200

Fidelity Freedom 2060 Fund

 $27,000  

$2,000

$2,400    

$1,200

Fidelity Freedom Blend Income Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2005 Fund

 $20,000  

$900


$2,400    

$500

Fidelity Freedom Blend 2010 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2015 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2020 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2025 Fund

 $20,000  

$900

$2,400       

$500

Fidelity Freedom Blend 2030 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2035 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2040 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2045 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2050 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2055 Fund

 $20,000  

$900

$2,400    

$500

Fidelity Freedom Blend 2060 Fund

 $20,000  

$900

$2,400    

$500



March 31, 2018 FeesA,B,C

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity Flex Freedom Income Fund

 $16,000  

$1,200

 $2,400   

$600

Fidelity Flex Freedom 2005 Fund

 $18,000  

$1,300

$2,400    

$700

Fidelity Flex Freedom 2010 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2015 Fund

 $18,000  

$1,300

$2,400       

$700

Fidelity Flex Freedom 2020 Fund

 $18,000  

$1,300

$2,400    

$700

Fidelity Flex Freedom 2025 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2030 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2035 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2040 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2045 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2050 Fund

 $18,000  

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2055 Fund

$18,000

$1,300

 $2,400    

$700

Fidelity Flex Freedom 2060 Fund

$18,000

$1,300

$2,400    

$700

Fidelity Freedom Income Fund

 $24,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2005 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2010 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2015 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2020 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2025 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2030 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2035 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2040 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2045 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2050 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2055 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom 2060 Fund

 $23,000  

$1,900

$2,400    

$1,000

Fidelity Freedom Blend Income Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2005 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2010 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2015 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2020 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2025 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2030 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2035 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2040 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2045 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2050 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2055 Fund

 $-  

$-

$-    

$-

Fidelity Freedom Blend 2060 Fund

 $-  

$-

$-    

$-



A Amounts may reflect rounding.

B Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund commenced operations on August 31, 2018.

C 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund and Fidelity Flex Freedom 2060 Fund commenced operations on June 8, 2017.



The following table presents fees billed by PwC and Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Funds and that are rendered on behalf of Fidelity Management & Research Company (“FMR”) and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Funds (“Fund Service Providers”):



Services Billed by Deloitte Entities



 

March 31, 2019A

March 31, 2018A

Audit-Related Fees

$290,000

$5,000

Tax Fees

$5,000

$20,000

All Other Fees

$-

$-


A Amounts may reflect rounding.




Services Billed by PwC



 

March 31, 2019A,B

March 31, 2018A,B,C

Audit-Related Fees

$7,775,000

$7,745,000

Tax Fees

$15,000

$15,000

All Other Fees

 $-

 $-


A Amounts may reflect rounding.

B May include amounts billed prior to the Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund’s commencement of operations.

C May include amounts billed prior to the 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund and Fidelity Flex Freedom 2060 Fund’s commencement of operations.



“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.


“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.


“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.  


Assurance services must be performed by an independent public accountant.


* * *


The aggregate non-audit fees billed by PwC and Deloitte Entities for services rendered to the Funds, FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Funds are as follows:


Billed By

March 31, 2019A,B

March 31, 2018A,B,C

Deloitte Entities

$890,000

$470,000

PwC

$10,350,000

$11,020,000



A Amounts may reflect rounding.

B May include amounts billed prior to the Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund and Fidelity Freedom Blend 2060 Fund’s commencement of operations.

C May include amounts billed prior to the 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 Flex Freedom 2045 Fund, Fidelity Flex Freedom 2050 Fund, Fidelity Flex Freedom 2055 Fund and Fidelity Flex Freedom 2060 Fund’s commencement of operations.



The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC and Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of PwC and Deloitte Entities in their  audits of the Funds, taking into account representations from PwC and Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding their independence from the Funds and their related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund Service Providers.


Audit Committee Pre-Approval Policies and Procedures

 

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.


The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.


All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.


Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.


Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)


There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Funds’ last two fiscal years relating to services provided to (i) the Funds or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Funds.


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 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 trust’s 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 trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.


Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies


Not applicable.



Item 13.

Exhibits


(a)

(1)

Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.

(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/Laura M. Del Prato

 

Laura M. Del Prato

 

President and Treasurer

 

 

Date:

May 24, 2019



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/Laura M. Del Prato

 

Laura M. Del Prato

 

President and Treasurer

 

 

Date:

May 24, 2019



By:

/s/John J. Burke III

 

John J. Burke III

 

Chief Financial Officer

 

 

Date:

May 24, 2019