N-CSRS 1 filing717.htm PRIMARY DOCUMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES


Investment Company Act file number   811-06440


Fidelity Aberdeen Street Trust

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, MA 02210

 (Address of principal executive offices)       (Zip code)


Cynthia Lo Bessette, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

March 31



Date of reporting period:

September 30, 2020


Item 1.

Reports to Stockholders







Fidelity Freedom® Index Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065



Semi-Annual Report

September 30, 2020

Fidelity Investments
See the inside front cover for important information about access to your fund’s shareholder reports.


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

Note to Shareholders

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

Fidelity Freedom® Index 2065 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


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

You may also call 1-800-835-5092 (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. © 2020 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Bond Index Fund 45.6 
Fidelity Series Treasury Bill Index Fund 22.5 
Fidelity Series Total Market Index Fund 11.3 
Fidelity Series Inflation-Protected Bond Index Fund 10.0 
Fidelity Series Global ex U.S. Index Fund 7.6 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 11.3% 
   International Equity Funds 7.6% 
   Bond Funds 48.6% 
   Inflation-Protected Bond Funds 10.0% 
   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 September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 11.3%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $69,886,274) 7,111,799 81,216,741 
International Equity Funds - 7.6%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $48,837,237) 4,344,984 54,399,199 
Bond Funds - 48.6%   
Fidelity Series Bond Index Fund (a) 30,190,711 328,474,941 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,085,596 21,544,205 
TOTAL BOND FUNDS   
(Cost $328,705,439)  350,019,146 
Inflation-Protected Bond Funds - 10.0%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $68,157,249) 6,753,827 72,265,950 
Short-Term Funds - 22.5%   
Fidelity Cash Central Fund 0.10% (b) 27,247 27,253 
Fidelity Series Treasury Bill Index Fund (a) 16,217,078 162,332,954 
TOTAL SHORT-TERM FUNDS   
(Cost $162,239,708)  162,360,207 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $677,825,907)  720,261,243 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (57,710) 
NET ASSETS - 100%  $720,203,533 

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 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 $10 
Total $10 

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 Bond Index Fund $255,629,952 $77,704,759 $10,639,008 $3,045,278 $(2,995) $5,782,233 $328,474,941 
Fidelity Series Global ex U.S. Index Fund 41,926,680 10,301,597 8,115,377 -- (269,963) 10,556,262 54,399,199 
Fidelity Series Inflation-Protected Bond Index Fund 55,922,222 14,898,403 2,295,601 51,266 59,394 3,681,532 72,265,950 
Fidelity Series Long-Term Treasury Bond Index Fund 16,874,437 5,967,459 678,204 488,432 (14,167) (605,320) 21,544,205 
Fidelity Series Total Market Index Fund 62,405,580 17,034,150 18,779,069 340,391 314,828 20,241,252 81,216,741 
Fidelity Series Treasury Bill Index Fund 126,104,162 41,938,652 5,305,993 548,775 (4,389) (399,478) 162,332,954 
Total $558,863,033 $167,845,020 $45,813,252 $4,474,142 $82,708 $39,256,481 $720,233,990 

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 September 30, 2020, 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:     
Domestic Equity Funds $81,216,741 $81,216,741 $-- $-- 
International Equity Funds 54,399,199 54,399,199 -- -- 
Bond Funds 422,285,096 422,285,096 -- -- 
Short-Term Funds 162,360,207 162,360,207 -- -- 
Total Investments in Securities: $720,261,243 $720,261,243 $-- $-- 

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


Fidelity Freedom® Index Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $27,253) $27,253  
Other affiliated issuers (cost $677,798,654) 720,233,990  
Total Investment in Securities (cost $677,825,907)  $720,261,243 
Cash  
Receivable for investments sold  458,401 
Receivable for fund shares sold  2,559,310 
Distributions receivable from Fidelity Central Funds  
Total assets  723,278,965 
Liabilities   
Payable for investments purchased $1,705,259  
Payable for fund shares redeemed 1,312,452  
Accrued management fee 57,721  
Total liabilities  3,075,432 
Net Assets  $720,203,533 
Net Assets consist of:   
Paid in capital  $677,503,890 
Total accumulated earnings (loss)  42,699,643 
Net Assets  $720,203,533 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($381,004,763 ÷ 30,835,009 shares)  $12.36 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($339,081,517 ÷ 27,478,673 shares)  $12.34 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($117,253 ÷ 9,507 shares)  $12.33 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,722,149 
Income from Fidelity Central Funds  10 
Total income  3,722,159 
Expenses   
Management fee $323,226  
Independent trustees' fees and expenses 859  
Total expenses  324,085 
Net investment income (loss)  3,398,074 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 109,794  
Capital gain distributions from underlying funds:   
Affiliated issuers 751,993  
Total net realized gain (loss)  861,787 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 39,256,481  
Total change in net unrealized appreciation (depreciation)  39,256,481 
Net gain (loss)  40,118,268 
Net increase (decrease) in net assets resulting from operations  $43,516,342 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,398,074 $9,278,014 
Net realized gain (loss) 861,787 27,218,832 
Change in net unrealized appreciation (depreciation) 39,256,481 (23,086,943) 
Net increase (decrease) in net assets resulting from operations 43,516,342 13,409,903 
Distributions to shareholders (5,017,241) (35,256,615) 
Share transactions - net increase (decrease) 122,885,898 227,317,964 
Total increase (decrease) in net assets 161,384,999 205,471,252 
Net Assets   
Beginning of period 558,818,534 353,347,282 
End of period $720,203,533 $558,818,534 

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


Financial Highlights

Fidelity Freedom Index Income Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.60 $11.98 $11.86 $11.63 $11.36 $11.52 
Income from Investment Operations       
Net investment income (loss)A .06 .24 .25 .20 .17 .16 
Net realized and unrealized gain (loss) .80 .23 .22 .27 .28 (.15) 
Total from investment operations .86 .47 .47 .47 .45 .01 
Distributions from net investment income (.07) (.24) (.25) (.19) (.17) (.16) 
Distributions from net realized gain (.03) (.62) (.10) (.04) (.01) (.01) 
Total distributions (.10) (.85) (.35) (.24)B (.18) (.17) 
Net asset value, end of period $12.36 $11.60 $11.98 $11.86 $11.63 $11.36 
Total ReturnC,D 7.42% 3.83% 4.09% 4.02% 4.02% .10% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .12%G .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .12% .12% .08% .07% 
Expenses net of all reductions .12%G .12% .12% .12% .08% .07% 
Net investment income (loss) 1.03%G 1.96% 2.15% 1.69% 1.48% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $381,005 $282,522 $167,641 $126,634 $118,421 $140,481 
Portfolio turnover rateH 14%G 67% 51% 17% 52% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index Income Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $11.59 $11.96 $11.84 $11.61 $11.35 $11.48 
Income from Investment Operations       
Net investment income (loss)B .06 .24 .26 .21 .18 .18 
Net realized and unrealized gain (loss) .79 .25 .22 .26 .27 (.15) 
Total from investment operations .85 .49 .48 .47 .45 .03 
Distributions from net investment income (.07) (.24) (.26) (.20) (.18) (.15) 
Distributions from net realized gain (.03) (.62) (.10) (.04) (.01) (.01) 
Total distributions (.10) (.86) (.36) (.24) (.19) (.16) 
Net asset value, end of period $12.34 $11.59 $11.96 $11.84 $11.61 $11.35 
Total ReturnC,D 7.36% 3.98% 4.16% 4.07% 4.00% .26% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .08%G .08% .10% .10% .09% .05%G 
Expenses net of fee waivers, if any .08%G .08% .06% .07% .03% .01%G 
Expenses net of all reductions .08%G .08% .06% .07% .03% .01%G 
Net investment income (loss) 1.07%G 2.00% 2.21% 1.74% 1.54% 2.12%G 
Supplemental Data       
Net assets, end of period (000 omitted) $339,082 $276,297 $185,706 $163,733 $145,993 $108,865 
Portfolio turnover rateH 14%G 67% 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index Income Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.07 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .26 
Total from investment operations .29 
Distributions from net investment income (.03) 
Distributions from net realized gain – 
Total distributions (.03) 
Net asset value, end of period $12.33 
Total ReturnC 2.37% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .06%F 
Expenses net of fee waivers, if any .06%F 
Expenses net of all reductions .06%F 
Net investment income (loss) .91%F 
Supplemental Data  
Net assets, end of period (000 omitted) $117 
Portfolio turnover rateG 14%F 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Bond Index Fund 43.8 
Fidelity Series Treasury Bill Index Fund 20.0 
Fidelity Series Total Market Index Fund 14.4 
Fidelity Series Global ex U.S. Index Fund 9.7 
Fidelity Series Inflation-Protected Bond Index Fund 9.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 14.4% 
   International Equity Funds 9.7% 
   Bond Funds 46.8% 
   Inflation-Protected Bond Funds 9.1% 
   Short-Term Funds 20.0% 


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

Fidelity Freedom® Index 2005 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 14.4%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $26,919,738) 2,767,440 31,604,161 
International Equity Funds - 9.7%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $18,689,072) 1,700,159 21,285,996 
Bond Funds - 46.8%   
Fidelity Series Bond Index Fund (a) 8,855,614 96,349,085 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 641,697 6,628,734 
TOTAL BOND FUNDS   
(Cost $96,296,229)  102,977,819 
Inflation-Protected Bond Funds - 9.1%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $18,756,340) 1,865,869 19,964,798 
Short-Term Funds - 20.0%   
Fidelity Cash Central Fund 0.10% (b) 10,386 10,388 
Fidelity Series Treasury Bill Index Fund (a) 4,406,066 44,104,717 
TOTAL SHORT-TERM FUNDS   
(Cost $44,079,641)  44,115,105 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $204,741,020)  219,947,879 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (18,093) 
NET ASSETS - 100%  $219,929,786 

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 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 $4 
Total $4 

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 Bond Index Fund $77,126,302 $28,283,047 $10,798,422 $927,317 $4,458 $1,733,700 $96,349,085 
Fidelity Series Global ex U.S. Index Fund 17,560,895 4,821,508 5,408,030 -- (110,183) 4,421,806 21,285,996 
Fidelity Series Inflation-Protected Bond Index Fund 15,832,193 5,156,526 2,096,049 14,655 48,563 1,023,565 19,964,798 
Fidelity Series Long-Term Treasury Bond Index Fund 5,342,082 2,175,413 695,978 153,500 2,997 (195,780) 6,628,734 
Fidelity Series Total Market Index Fund 26,103,926 7,593,883 10,628,400 139,950 376,427 8,158,325 31,604,161 
Fidelity Series Treasury Bill Index Fund 34,800,814 14,169,057 4,753,926 152,889 (5,354) (105,874) 44,104,717 
 $176,766,212 $62,199,434 $34,380,805 $1,388,311 $316,908 $15,035,742 $219,937,491 

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 September 30, 2020, 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:     
Domestic Equity Funds $31,604,161 $31,604,161 $-- $-- 
International Equity Funds 21,285,996 21,285,996 -- -- 
Bond Funds 122,942,617 122,942,617 -- -- 
Short-Term Funds 44,115,105 44,115,105 -- -- 
Total Investments in Securities: $219,947,879 $219,947,879 $-- $-- 

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


Fidelity Freedom® Index 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $10,388) $10,388  
Other affiliated issuers (cost $204,730,632) 219,937,491  
Total Investment in Securities (cost $204,741,020)  $219,947,879 
Cash  
Receivable for investments sold  301,060 
Receivable for fund shares sold  321,260 
Distributions receivable from Fidelity Central Funds  
Total assets  220,570,203 
Liabilities   
Payable for investments purchased $370,718  
Payable for fund shares redeemed 251,603  
Accrued management fee 18,096  
Total liabilities  640,417 
Net Assets  $219,929,786 
Net Assets consist of:   
Paid in capital  $203,672,129 
Total accumulated earnings (loss)  16,257,657 
Net Assets  $219,929,786 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($125,842,093 ÷ 9,242,338 shares)  $13.62 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($93,979,235 ÷ 6,899,893 shares)  $13.62 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($108,458 ÷ 7,962 shares)  $13.62 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,154,981 
Income from Fidelity Central Funds  
Total income  1,154,985 
Expenses   
Management fee $103,971  
Independent trustees' fees and expenses 273  
Total expenses before reductions 104,244  
Expense reductions (91)  
Total expenses after reductions  104,153 
Net investment income (loss)  1,050,832 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 327,214  
Capital gain distributions from underlying funds:   
Affiliated issuers 233,330  
Total net realized gain (loss)  560,544 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 15,035,742  
Total change in net unrealized appreciation (depreciation)  15,035,742 
Net gain (loss)  15,596,286 
Net increase (decrease) in net assets resulting from operations  $16,647,118 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,050,832 $3,080,525 
Net realized gain (loss) 560,544 13,724,282 
Change in net unrealized appreciation (depreciation) 15,035,742 (13,330,553) 
Net increase (decrease) in net assets resulting from operations 16,647,118 3,474,254 
Distributions to shareholders (1,188,121) (16,376,341) 
Share transactions - net increase (decrease) 27,718,362 58,822,728 
Total increase (decrease) in net assets 43,177,359 45,920,641 
Net Assets   
Beginning of period 176,752,427 130,831,786 
End of period $219,929,786 $176,752,427 

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


Financial Highlights

Fidelity Freedom Index 2005 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.58 $13.50 $13.36 $12.94 $12.45 $12.71 
Income from Investment Operations       
Net investment income (loss)A .07 .27 .29 .23 .20 .20 
Net realized and unrealized gain (loss) 1.05 .17 .26 .47 .52 (.25) 
Total from investment operations 1.12 .44 .55 .70 .72 (.05) 
Distributions from net investment income (.04) (.26) (.26) (.21) (.20) (.20) 
Distributions from net realized gain (.04) (1.10) (.14) (.07) (.03) B 
Total distributions (.08) (1.36) (.41)C (.28) (.23) (.21)C 
Net asset value, end of period $13.62 $12.58 $13.50 $13.36 $12.94 $12.45 
Total ReturnD,E 8.94% 2.91% 4.25% 5.41% 5.84% (.40)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .12% .12% .09% .07% 
Expenses net of all reductions .12%H .12% .12% .12% .09% .07% 
Net investment income (loss) 1.00%H 1.96% 2.16% 1.74% 1.60% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $125,842 $93,765 $66,875 $60,299 $43,767 $50,790 
Portfolio turnover rateI 33%H 83% 52% 26% 52% 28% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2005 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $12.58 $13.50 $13.36 $12.94 $12.45 $12.73 
Income from Investment Operations       
Net investment income (loss)B .07 .27 .30 .24 .21 .21 
Net realized and unrealized gain (loss) 1.05 .17 .25 .46 .52 (.30) 
Total from investment operations 1.12 .44 .55 .70 .73 (.09) 
Distributions from net investment income (.04) (.27) (.27) (.22) (.21) (.18) 
Distributions from net realized gain (.04) (1.10) (.14) (.07) (.03) C 
Total distributions (.08) (1.36)D (.41) (.28)D (.24) (.19)D 
Net asset value, end of period $13.62 $12.58 $13.50 $13.36 $12.94 $12.45 
Total ReturnE,F 8.95% 2.95% 4.31% 5.45% 5.90% (.73)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .06% .07% .03% .01%I 
Expenses net of all reductions .08%I .08% .06% .07% .03% .01%I 
Net investment income (loss) 1.04%I 2.00% 2.22% 1.79% 1.66% 2.28%I 
Supplemental Data       
Net assets, end of period (000 omitted) $93,979 $82,988 $63,956 $52,913 $46,992 $28,910 
Portfolio turnover rateJ 33%I 83% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2005 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.24 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .35 
Total from investment operations .38 
Net asset value, end of period $13.62 
Total ReturnC,D 2.87% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .88%G 
Supplemental Data  
Net assets, end of period (000 omitted) $108 
Portfolio turnover rateH 33%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Bond Index Fund 40.4 
Fidelity Series Total Market Index Fund 19.8 
Fidelity Series Treasury Bill Index Fund 15.9 
Fidelity Series Global ex U.S. Index Fund 13.3 
Fidelity Series Inflation-Protected Bond Index Fund 7.6 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 19.8% 
   International Equity Funds 13.3% 
   Bond Funds 43.4% 
   Inflation-Protected Bond Funds 7.6% 
   Short-Term Funds 15.9% 


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

Fidelity Freedom® Index 2010 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 19.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $133,086,814) 13,550,973 154,752,114 
International Equity Funds - 13.3%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $89,192,107) 8,279,083 103,654,119 
Bond Funds - 43.4%   
Fidelity Series Bond Index Fund (a) 28,916,350 314,609,887 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,284,641 23,600,346 
TOTAL BOND FUNDS   
(Cost $313,283,006)  338,210,233 
Inflation-Protected Bond Funds - 7.6%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $55,346,607) 5,528,577 59,155,770 
Short-Term Funds - 15.9%   
Fidelity Cash Central Fund 0.10% (b) 6,376 6,378 
Fidelity Series Treasury Bill Index Fund (a) 12,426,369 124,387,951 
TOTAL SHORT-TERM FUNDS   
(Cost $124,290,416)  124,394,329 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $715,198,950)  780,166,565 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (61,237) 
NET ASSETS - 100%  $780,105,328 

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 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 $3 
Total $3 

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 Bond Index Fund $271,732,748 $59,912,963 $23,198,118 $3,101,347 $36,942 $6,125,352 $314,609,887 
Fidelity Series Global ex U.S. Index Fund 92,008,968 10,319,464 20,459,536 -- (854,550) 22,639,773 103,654,119 
Fidelity Series Inflation-Protected Bond Index Fund 50,554,600 8,974,179 3,646,289 44,929 67,338 3,205,942 59,155,770 
Fidelity Series Long-Term Treasury Bond Index Fund 20,486,851 5,357,986 1,542,748 580,426 4,364 (706,107) 23,600,346 
Fidelity Series Total Market Index Fund 136,780,743 17,417,049 42,799,277 743,082 1,780,656 41,572,943 154,752,114 
Fidelity Series Treasury Bill Index Fund 105,390,371 27,500,353 8,169,636 448,559 (7,278) (325,859) 124,387,951 
 $676,954,281 $129,481,994 $99,815,604 $4,918,343 $1,027,472 $72,512,044 $780,160,187 

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 September 30, 2020, 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:     
Domestic Equity Funds $154,752,114 $154,752,114 $-- $-- 
International Equity Funds 103,654,119 103,654,119 -- -- 
Bond Funds 397,366,003 397,366,003 -- -- 
Short-Term Funds 124,394,329 124,394,329 -- -- 
Total Investments in Securities: $780,166,565 $780,166,565 $-- $-- 

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


Fidelity Freedom® Index 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $6,378) $6,378  
Other affiliated issuers (cost $715,192,572) 780,160,187  
Total Investment in Securities (cost $715,198,950)  $780,166,565 
Receivable for investments sold  2,034,392 
Receivable for fund shares sold  705,259 
Distributions receivable from Fidelity Central Funds  
Total assets  782,906,217 
Liabilities   
Payable for investments purchased $1,803,108  
Payable for fund shares redeemed 936,543  
Accrued management fee 61,238  
Total liabilities  2,800,889 
Net Assets  $780,105,328 
Net Assets consist of:   
Paid in capital  $711,609,000 
Total accumulated earnings (loss)  68,496,328 
Net Assets  $780,105,328 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($417,992,884 ÷ 30,682,238 shares)  $13.62 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($362,004,323 ÷ 26,563,964 shares)  $13.63 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($108,121 ÷ 7,931 shares)  $13.63 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $4,045,586 
Income from Fidelity Central Funds  
Total income  4,045,589 
Expenses   
Management fee $374,145  
Independent trustees' fees and expenses 1,021  
Total expenses  375,166 
Net investment income (loss)  3,670,423 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,033,300  
Capital gain distributions from underlying funds:   
Affiliated issuers 872,757  
Total net realized gain (loss)  1,906,057 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 72,512,044  
Total change in net unrealized appreciation (depreciation)  72,512,044 
Net gain (loss)  74,418,101 
Net increase (decrease) in net assets resulting from operations  $78,088,524 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,670,423 $12,560,351 
Net realized gain (loss) 1,906,057 88,993,318 
Change in net unrealized appreciation (depreciation) 72,512,044 (98,136,014) 
Net increase (decrease) in net assets resulting from operations 78,088,524 3,417,655 
Distributions to shareholders (5,508,624) (99,261,191) 
Share transactions - net increase (decrease) 30,623,800 208,593,558 
Total increase (decrease) in net assets 103,203,700 112,750,022 
Net Assets   
Beginning of period 676,901,628 564,151,606 
End of period $780,105,328 $676,901,628 

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


Financial Highlights

Fidelity Freedom Index 2010 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.33 $14.17 $14.25 $13.72 $13.03 $13.36 
Income from Investment Operations       
Net investment income (loss)A .06 .27 .30 .25 .23 .20 
Net realized and unrealized gain (loss) 1.33 .04B .29 .65 .71 (.30) 
Total from investment operations 1.39 .31 .59 .90 .94 (.10) 
Distributions from net investment income (.04) (.27) (.30) (.24) (.22) (.23) 
Distributions from net realized gain (.06) (1.88) (.37) (.14) (.02) C 
Total distributions (.10) (2.15) (.67) (.37)D (.25)D (.23) 
Net asset value, end of period $13.62 $12.33 $14.17 $14.25 $13.72 $13.03 
Total ReturnE,F 11.32% 1.34% 4.43% 6.62% 7.24% (.72)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .12%I .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .12% .12% .12% .09% .08% 
Expenses net of all reductions .12%I .12% .12% .12% .09% .08% 
Net investment income (loss) .96%I 1.93% 2.13% 1.77% 1.70% 1.52% 
Supplemental Data       
Net assets, end of period (000 omitted) $417,993 $353,955 $254,371 $239,660 $205,267 $232,187 
Portfolio turnover rateJ 27%I 83% 45% 22% 36% 22% 

 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2010 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $12.33 $14.17 $14.25 $13.73 $13.03 $13.43 
Income from Investment Operations       
Net investment income (loss)B .07 .28 .31 .26 .24 .27 
Net realized and unrealized gain (loss) 1.33 .04C .29 .64 .71 (.46) 
Total from investment operations 1.40 .32 .60 .90 .95 (.19) 
Distributions from net investment income (.04) (.28) (.31) (.24) (.23) (.21) 
Distributions from net realized gain (.06) (1.88) (.37) (.14) (.02) D 
Total distributions (.10) (2.16) (.68) (.38) (.25) (.21) 
Net asset value, end of period $13.63 $12.33 $14.17 $14.25 $13.73 $13.03 
Total ReturnE,F 11.41% 1.37% 4.49% 6.59% 7.39% (1.39)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .06% .07% .04% .02%I 
Expenses net of all reductions .08%I .08% .06% .07% .04% .02%I 
Net investment income (loss) 1.00%I 1.98% 2.19% 1.82% 1.75% 2.81%I 
Supplemental Data       
Net assets, end of period (000 omitted) $362,004 $322,946 $309,781 $319,248 $286,173 $215,392 
Portfolio turnover rateJ 27%I 83% 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 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 Amount represents less than $.005 per share.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2010 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.15 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .45 
Total from investment operations .48 
Net asset value, end of period $13.63 
Total ReturnC 3.65% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .06%F 
Expenses net of fee waivers, if any .06%F 
Expenses net of all reductions .06%F 
Net investment income (loss) .80%F 
Supplemental Data  
Net assets, end of period (000 omitted) $108 
Portfolio turnover rateG 27%F 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Bond Index Fund 36.6 
Fidelity Series Total Market Index Fund 25.3 
Fidelity Series Global ex U.S. Index Fund 17.0 
Fidelity Series Treasury Bill Index Fund 11.8 
Fidelity Series Inflation-Protected Bond Index Fund 6.3 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 25.3% 
   International Equity Funds 17.0% 
   Bond Funds 39.6% 
   Inflation-Protected Bond Funds 6.3% 
   Short-Term Funds 11.8% 


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

Fidelity Freedom® Index 2015 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 25.3%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $392,346,721) 39,800,129 454,517,478 
International Equity Funds - 17.0%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $268,976,685) 24,322,773 304,521,112 
Bond Funds - 39.6%   
Fidelity Series Bond Index Fund (a) 60,358,718 656,702,854 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 5,263,183 54,368,683 
TOTAL BOND FUNDS   
(Cost $658,395,146)  711,071,537 
Inflation-Protected Bond Funds - 6.3%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $106,403,431) 10,621,091 113,645,675 
Short-Term Funds - 11.8%   
Fidelity Cash Central Fund 0.10% (b) 1,828 1,828 
Fidelity Series Treasury Bill Index Fund (a) 21,125,248 211,463,731 
TOTAL SHORT-TERM FUNDS   
(Cost $211,294,172)  211,465,559 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,637,416,155)  1,795,221,361 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (141,423) 
NET ASSETS - 100%  $1,795,079,938 

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 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 $8 
Total $8 

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 Bond Index Fund $569,779,591 $125,739,155 $51,613,964 $6,491,269 $97,018 $12,701,054 $656,702,854 
Fidelity Series Global ex U.S. Index Fund 270,265,990 21,158,926 50,907,312 -- (1,631,026) 65,634,534 304,521,112 
Fidelity Series Inflation-Protected Bond Index Fund 97,440,517 17,400,266 7,489,472 86,291 129,977 6,164,387 113,645,675 
Fidelity Series Long-Term Treasury Bond Index Fund 47,428,737 12,322,339 3,745,092 1,336,023 42,344 (1,679,645) 54,368,683 
Fidelity Series Total Market Index Fund 401,548,581 40,725,570 114,838,629 2,167,747 5,933,270 121,148,686 454,517,478 
Fidelity Series Treasury Bill Index Fund 178,532,622 48,438,715 14,945,621 757,725 (8,106) (553,879) 211,463,731 
Total $1,564,996,038 $265,784,971 $243,540,090 $10,839,055 $4,563,477 $203,415,137 $1,795,219,533 

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 September 30, 2020, 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:     
Domestic Equity Funds $454,517,478 $454,517,478 $-- $-- 
International Equity Funds 304,521,112 304,521,112 -- -- 
Bond Funds 824,717,212 824,717,212 -- -- 
Short-Term Funds 211,465,559 211,465,559 -- -- 
Total Investments in Securities: $1,795,221,361 $1,795,221,361 $-- $-- 

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


Fidelity Freedom® Index 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $1,828) $1,828  
Other affiliated issuers (cost $1,637,414,327) 1,795,219,533  
Total Investment in Securities (cost $1,637,416,155)  $1,795,221,361 
Receivable for investments sold  4,992,436 
Receivable for fund shares sold  4,668,906 
Distributions receivable from Fidelity Central Funds  
Total assets  1,804,882,710 
Liabilities   
Payable for investments purchased $6,268,023  
Payable for fund shares redeemed 3,393,320  
Accrued management fee 141,429  
Total liabilities  9,802,772 
Net Assets  $1,795,079,938 
Net Assets consist of:   
Paid in capital  $1,629,115,782 
Total accumulated earnings (loss)  165,964,156 
Net Assets  $1,795,079,938 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,055,973,206 ÷ 73,402,885 shares)  $14.39 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($737,547,308 ÷ 51,290,228 shares)  $14.38 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,559,424 ÷ 108,414 shares)  $14.38 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $8,867,889 
Income from Fidelity Central Funds  
Total income  8,867,897 
Expenses   
Management fee $879,799  
Independent trustees' fees and expenses 2,366  
Total expenses before reductions 882,165  
Expense reductions (1)  
Total expenses after reductions  882,164 
Net investment income (loss)  7,985,733 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 4,563,477  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,971,166  
Total net realized gain (loss)  6,534,643 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 203,415,137  
Total change in net unrealized appreciation (depreciation)  203,415,137 
Net gain (loss)  209,949,780 
Net increase (decrease) in net assets resulting from operations  $217,935,513 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,985,733 $29,557,836 
Net realized gain (loss) 6,534,643 236,214,993 
Change in net unrealized appreciation (depreciation) 203,415,137 (283,049,557) 
Net increase (decrease) in net assets resulting from operations 217,935,513 (17,276,728) 
Distributions to shareholders (12,301,042) (261,095,790) 
Share transactions - net increase (decrease) 24,570,120 523,987,798 
Total increase (decrease) in net assets 230,204,591 245,615,280 
Net Assets   
Beginning of period 1,564,875,347 1,319,260,067 
End of period $1,795,079,938 $1,564,875,347 

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


Financial Highlights

Fidelity Freedom Index 2015 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.74 $15.09 $14.92 $14.11 $13.22 $13.62 
Income from Investment Operations       
Net investment income (loss)A .06 .29 .32 .27 .25 .23 
Net realized and unrealized gain (loss) 1.69 (.12) .33 .83 .89 (.38) 
Total from investment operations 1.75 .17 .65 1.10 1.14 (.15) 
Distributions from net investment income (.04) (.29) (.31) (.25) (.24) (.25) 
Distributions from net realized gain (.06) (2.23) (.17) (.04) (.01) B 
Total distributions (.10) (2.52) (.48) (.29) (.25) (.25) 
Net asset value, end of period $14.39 $12.74 $15.09 $14.92 $14.11 $13.22 
Total ReturnC,D 13.79% (.17)% 4.55% 7.82% 8.71% (1.10)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .12%G .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .12% .12% .10% .08% 
Expenses net of all reductions .12%G .12% .12% .12% .10% .08% 
Net investment income (loss) .90%G 1.93% 2.12% 1.81% 1.80% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,055,973 $887,110 $721,922 $637,221 $516,456 $577,905 
Portfolio turnover rateH 28%G 87% 36% 17% 29% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2015 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $12.73 $15.08 $14.92 $14.10 $13.21 $13.72 
Income from Investment Operations       
Net investment income (loss)B .07 .30 .33 .27 .25 .28 
Net realized and unrealized gain (loss) 1.68 (.12) .31 .85 .90 (.56) 
Total from investment operations 1.75 .18 .64 1.12 1.15 (.28) 
Distributions from net investment income (.04) (.29) (.32) (.26) (.25) (.23) 
Distributions from net realized gain (.06) (2.23) (.17) (.04) (.01) C 
Total distributions (.10) (2.53) (.48)D (.30) (.26) (.23) 
Net asset value, end of period $14.38 $12.73 $15.08 $14.92 $14.10 $13.21 
Total ReturnE,F 13.82% (.15)% 4.55% 7.94% 8.79% (2.03)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .06% .07% .04% .02%I 
Expenses net of all reductions .08%I .08% .06% .07% .04% .02%I 
Net investment income (loss) .94%I 1.97% 2.18% 1.86% 1.85% 2.84%I 
Supplemental Data       
Net assets, end of period (000 omitted) $737,547 $677,766 $597,338 $560,428 $520,752 $330,221 
Portfolio turnover rateJ 28%I 87% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2015 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $13.77 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .58 
Total from investment operations .61 
Net asset value, end of period $14.38 
Total ReturnC,D 4.43% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .73%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,559 
Portfolio turnover rateH 28%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Bond Index Fund 33.0 
Fidelity Series Total Market Index Fund 30.5 
Fidelity Series Global ex U.S. Index Fund 20.4 
Fidelity Series Treasury Bill Index Fund 8.0 
Fidelity Series Inflation-Protected Bond Index Fund 5.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 30.5% 
   International Equity Funds 20.4% 
   Bond Funds 36.0% 
   Inflation-Protected Bond Funds 5.1% 
   Short-Term Funds 8.0% 


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

Fidelity Freedom® Index 2020 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 30.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $1,641,898,471) 166,048,573 1,896,274,707 
International Equity Funds - 20.4%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,156,469,630) 101,459,667 1,270,275,036 
Bond Funds - 36.0%   
Fidelity Series Bond Index Fund (a) 188,503,533 2,050,918,443 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 18,226,145 188,276,080 
TOTAL BOND FUNDS   
(Cost $2,075,531,833)  2,239,194,523 
Inflation-Protected Bond Funds - 5.1%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $294,203,555) 29,570,520 316,404,562 
Short-Term Funds - 8.0%   
Fidelity Cash Central Fund 0.10% (b) 8,004 8,006 
Fidelity Series Treasury Bill Index Fund (a) 49,733,290 497,830,236 
TOTAL SHORT-TERM FUNDS   
(Cost $497,454,437)  497,838,242 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $5,665,557,926)  6,219,987,070 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (459,199) 
NET ASSETS - 100%  $6,219,527,871 

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 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 $3 
Total $3 

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 Bond Index Fund $1,732,759,702 $410,599,613 $131,300,968 $19,891,739 $213,638 $38,646,458 $2,050,918,443 
Fidelity Series Global ex U.S. Index Fund 1,084,026,871 77,771,411 148,467,644 -- (4,986,494) 261,930,892 1,270,275,036 
Fidelity Series Inflation-Protected Bond Index Fund 262,939,106 52,574,868 16,146,057 233,971 191,095 16,845,550 316,404,562 
Fidelity Series Long-Term Treasury Bond Index Fund 159,563,920 45,349,506 11,163,035 4,511,506 178,618 (5,652,929) 188,276,080 
Fidelity Series Total Market Index Fund 1,610,508,398 151,664,211 376,703,274 8,705,383 15,106,225 495,699,147 1,896,274,707 
Fidelity Series Treasury Bill Index Fund 408,468,808 118,961,071 28,302,122 1,748,482 (12,770) (1,284,751) 497,830,236 
 $5,258,266,805 $856,920,680 $712,083,100 $35,091,081 $10,690,312 $806,184,367 $6,219,979,064 

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 September 30, 2020, 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:     
Domestic Equity Funds $1,896,274,707 $1,896,274,707 $-- $-- 
International Equity Funds 1,270,275,036 1,270,275,036 -- -- 
Bond Funds 2,555,599,085 2,555,599,085 -- -- 
Short-Term Funds 497,838,242 497,838,242 -- -- 
Total Investments in Securities: $6,219,987,070 $6,219,987,070 $-- $-- 

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


Fidelity Freedom® Index 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $8,006) $8,006  
Other affiliated issuers (cost $5,665,549,920) 6,219,979,064  
Total Investment in Securities (cost $5,665,557,926)  $6,219,987,070 
Cash  
Receivable for investments sold  22,977,398 
Receivable for fund shares sold  13,757,983 
Distributions receivable from Fidelity Central Funds  
Total assets  6,256,722,454 
Liabilities   
Payable for investments purchased $25,488,014  
Payable for fund shares redeemed 11,247,368  
Accrued management fee 459,201  
Total liabilities  37,194,583 
Net Assets  $6,219,527,871 
Net Assets consist of:   
Paid in capital  $5,648,567,669 
Total accumulated earnings (loss)  570,960,202 
Net Assets  $6,219,527,871 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,080,045,686 ÷ 199,311,423 shares)  $15.45 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,137,899,676 ÷ 203,102,217 shares)  $15.45 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,582,509 ÷ 102,416 shares)  $15.45 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $28,537,647 
Income from Fidelity Central Funds  
Total income  28,537,650 
Expenses   
Management fee $2,879,498  
Independent trustees' fees and expenses 8,022  
Total expenses before reductions 2,887,520  
Expense reductions (2)  
Total expenses after reductions  2,887,518 
Net investment income (loss)  25,650,132 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 10,690,312  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,553,434  
Total net realized gain (loss)  17,243,746 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 806,184,367  
Total change in net unrealized appreciation (depreciation)  806,184,367 
Net gain (loss)  823,428,113 
Net increase (decrease) in net assets resulting from operations  $849,078,245 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,650,132 $100,716,061 
Net realized gain (loss) 17,243,746 774,216,027 
Change in net unrealized appreciation (depreciation) 806,184,367 (1,021,004,486) 
Net increase (decrease) in net assets resulting from operations 849,078,245 (146,072,398) 
Distributions to shareholders (40,358,702) (862,509,646) 
Share transactions - net increase (decrease) 152,924,308 1,766,341,135 
Total increase (decrease) in net assets 961,643,851 757,759,091 
Net Assets   
Beginning of period 5,257,884,020 4,500,124,929 
End of period $6,219,527,871 $5,257,884,020 

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


Financial Highlights

Fidelity Freedom Index 2020 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $13.41 $16.01 $15.69 $14.70 $13.65 $14.10 
Income from Investment Operations       
Net investment income (loss)A .06 .31 .33 .29 .27 .23 
Net realized and unrealized gain (loss) 2.08 (.31) .36 .99 1.04 (.42) 
Total from investment operations 2.14 B .69 1.28 1.31 (.19) 
Distributions from net investment income (.03) (.30) (.32) (.27) (.25) (.26) 
Distributions from net realized gain (.07) (2.30) (.05) (.02) (.01) B 
Total distributions (.10) (2.60) (.37) (.29) (.26) (.26) 
Net asset value, end of period $15.45 $13.41 $16.01 $15.69 $14.70 $13.65 
Total ReturnC,D 16.04% (1.62)% 4.59% 8.72% 9.68% (1.34)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .12%G .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%G .12% .11% .12% .10% .08% 
Net investment income (loss) .85%G 1.92% 2.12% 1.86% 1.88% 1.69% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,080,046 $2,544,746 $1,971,676 $1,638,441 $1,295,896 $1,410,489 
Portfolio turnover rateH 24%G 87% 26% 11% 20% 16% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2020 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $13.41 $16.01 $15.69 $14.70 $13.65 $14.24 
Income from Investment Operations       
Net investment income (loss)B .07 .31 .34 .30 .27 .32 
Net realized and unrealized gain (loss) 2.07 (.31) .36 .99 1.05 (.67) 
Total from investment operations 2.14 C .70 1.29 1.32 (.35) 
Distributions from net investment income (.04) (.31) (.33) (.28) (.26) (.24) 
Distributions from net realized gain (.07) (2.30) (.05) (.02) (.01) C 
Total distributions (.10)D (2.60)D (.38) (.30) (.27) (.24) 
Net asset value, end of period $15.45 $13.41 $16.01 $15.69 $14.70 $13.65 
Total ReturnE,F 16.06% (1.57)% 4.65% 8.77% 9.75% (2.42)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .06% .07% .05% .02%I 
Expenses net of all reductions .08%I .08% .06% .07% .05% .02%I 
Net investment income (loss) .89%I 1.96% 2.18% 1.91% 1.93% 3.12%I 
Supplemental Data       
Net assets, end of period (000 omitted) $3,137,900 $2,713,138 $2,528,449 $2,304,112 $1,994,180 $1,249,900 
Portfolio turnover rateJ 24%I 87% 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 distributions per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2020 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.69 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) .74 
Total from investment operations .76 
Net asset value, end of period $15.45 
Total ReturnC,D 5.17% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .63%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,583 
Portfolio turnover rateH 24%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 34.4 
Fidelity Series Bond Index Fund 30.4 
Fidelity Series Global ex U.S. Index Fund 23.1 
Fidelity Series Treasury Bill Index Fund 4.8 
Fidelity Series Inflation-Protected Bond Index Fund 4.3 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 34.4% 
   International Equity Funds 23.1% 
   Bond Funds 33.4% 
   Inflation-Protected Bond Funds 4.3% 
   Short-Term Funds 4.8% 


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

Fidelity Freedom® Index 2025 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 34.4%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $2,428,412,253) 244,861,317 2,796,316,241 
International Equity Funds - 23.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,761,052,521) 149,824,319 1,875,800,478 
Bond Funds - 33.4%   
Fidelity Series Bond Index Fund (a) 227,424,942 2,474,383,374 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 23,825,410 246,116,484 
TOTAL BOND FUNDS   
(Cost $2,540,630,383)  2,720,499,858 
Inflation-Protected Bond Funds - 4.3%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $327,119,565) 32,797,639 350,934,735 
Short-Term Funds - 4.8%   
Fidelity Cash Central Fund 0.10% (b) 11,080 11,083 
Fidelity Series Treasury Bill Index Fund (a) 38,921,000 389,599,212 
TOTAL SHORT-TERM FUNDS   
(Cost $389,350,883)  389,610,295 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $7,446,565,605)  8,133,161,607 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (602,819) 
NET ASSETS - 100%  $8,132,558,788 

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 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 $4 
Total $4 

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 Bond Index Fund $1,948,277,810 $614,892,971 $132,582,686 $23,204,212 $(65,349) $43,860,628 $2,474,383,374 
Fidelity Series Global ex U.S. Index Fund 1,490,810,954 187,779,530 164,207,463 -- (2,800,309) 364,217,766 1,875,800,478 
Fidelity Series Inflation-Protected Bond Index Fund 272,628,331 75,247,077 15,113,350 249,575 310,398 17,862,279 350,934,735 
Fidelity Series Long-Term Treasury Bond Index Fund 194,739,531 70,525,943 12,298,109 5,593,800 88,704 (6,939,585) 246,116,484 
Fidelity Series Total Market Index Fund 2,215,132,125 331,776,518 468,804,378 11,998,812 6,294,053 711,917,923 2,796,316,241 
Fidelity Series Treasury Bill Index Fund 289,167,151 117,992,376 16,622,594 1,276,309 (8,240) (929,481) 389,599,212 
 $6,410,755,902 $1,398,214,415 $809,628,580 $42,322,708 $3,819,257 $1,129,989,530 $8,133,150,524 

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 September 30, 2020, 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:     
Domestic Equity Funds $2,796,316,241 $2,796,316,241 $-- $-- 
International Equity Funds 1,875,800,478 1,875,800,478 -- -- 
Bond Funds 3,071,434,593 3,071,434,593 -- -- 
Short-Term Funds 389,610,295 389,610,295 -- -- 
Total Investments in Securities: $8,133,161,607 $8,133,161,607 $-- $-- 

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


Fidelity Freedom® Index 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $11,083) $11,083  
Other affiliated issuers (cost $7,446,554,522) 8,133,150,524  
Total Investment in Securities (cost $7,446,565,605)  $8,133,161,607 
Cash  
Receivable for investments sold  26,396,526 
Receivable for fund shares sold  24,399,646 
Distributions receivable from Fidelity Central Funds  
Total assets  8,183,957,783 
Liabilities   
Payable for investments purchased $40,043,218  
Payable for fund shares redeemed 10,752,952  
Accrued management fee 602,825  
Total liabilities  51,398,995 
Net Assets  $8,132,558,788 
Net Assets consist of:   
Paid in capital  $7,432,633,788 
Total accumulated earnings (loss)  699,925,000 
Net Assets  $8,132,558,788 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($4,389,893,282 ÷ 257,254,602 shares)  $17.06 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,741,825,574 ÷ 219,189,807 shares)  $17.07 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($839,932 ÷ 49,206 shares)  $17.07 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $34,446,559 
Income from Fidelity Central Funds  
Total income  34,446,563 
Expenses   
Management fee $3,717,924  
Independent trustees' fees and expenses 10,016  
Total expenses before reductions 3,727,940  
Expense reductions (1)  
Total expenses after reductions  3,727,939 
Net investment income (loss)  30,718,624 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 3,819,257  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,876,149  
Total net realized gain (loss)  11,695,406 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,129,989,530  
Total change in net unrealized appreciation (depreciation)  1,129,989,530 
Net gain (loss)  1,141,684,936 
Net increase (decrease) in net assets resulting from operations  $1,172,403,560 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $30,718,624 $114,917,394 
Net realized gain (loss) 11,695,406 731,279,832 
Change in net unrealized appreciation (depreciation) 1,129,989,530 (1,147,151,072) 
Net increase (decrease) in net assets resulting from operations 1,172,403,560 (300,953,846) 
Distributions to shareholders (42,984,503) (827,608,471) 
Share transactions - net increase (decrease) 592,851,799 2,775,845,410 
Total increase (decrease) in net assets 1,722,270,856 1,647,283,093 
Net Assets   
Beginning of period 6,410,287,932 4,763,004,839 
End of period $8,132,558,788 $6,410,287,932 

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


Financial Highlights

Fidelity Freedom Index 2025 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.57 $17.05 $16.67 $15.50 $14.27 $14.80 
Income from Investment Operations       
Net investment income (loss)A .07 .33 .36 .31 .29 .27 
Net realized and unrealized gain (loss) 2.52 (.54) .38 1.17 1.22 (.52) 
Total from investment operations 2.59 (.21) .74 1.48 1.51 (.25) 
Distributions from net investment income (.03) (.31) (.34) (.29) (.27) (.27) 
Distributions from net realized gain (.07) (1.96) (.03) (.02) (.01) B 
Total distributions (.10) (2.27) (.36)C (.31) (.28) (.28)C 
Net asset value, end of period $17.06 $14.57 $17.05 $16.67 $15.50 $14.27 
Total ReturnD,E 17.81% (2.75)% 4.64% 9.53% 10.67% (1.72)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%H .12% .11% .12% .10% .08% 
Net investment income (loss) .80%H 1.93% 2.13% 1.91% 1.97% 1.84% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,389,893 $3,443,936 $2,382,206 $1,761,022 $1,227,802 $1,179,785 
Portfolio turnover rateI 22%H 82% 19% 9% 18% 17% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2025 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $14.57 $17.05 $16.67 $15.50 $14.27 $15.00 
Income from Investment Operations       
Net investment income (loss)B .07 .34 .37 .32 .30 .33 
Net realized and unrealized gain (loss) 2.53 (.54) .38 1.17 1.22 (.79) 
Total from investment operations 2.60 (.20) .75 1.49 1.52 (.46) 
Distributions from net investment income (.03) (.32) (.34) (.30) (.28) (.27) 
Distributions from net realized gain (.07) (1.96) (.03) (.02) (.01) C 
Total distributions (.10) (2.28) (.37) (.32) (.29) (.27) 
Net asset value, end of period $17.07 $14.57 $17.05 $16.67 $15.50 $14.27 
Total ReturnD,E 17.89% (2.71)% 4.70% 9.58% 10.74% (3.07)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .08%H .08% .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .08%H .08% .05% .07% .05% .02%H 
Expenses net of all reductions .08%H .08% .05% .07% .05% .02%H 
Net investment income (loss) .84%H 1.97% 2.19% 1.96% 2.02% 3.08%H 
Supplemental Data       
Net assets, end of period (000 omitted) $3,741,826 $2,966,352 $2,380,799 $1,856,410 $1,456,538 $792,922 
Portfolio turnover rateI 22%H 82% 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2025 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.14 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) .90 
Total from investment operations .93 
Net asset value, end of period $17.07 
Total ReturnC,D 5.76% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .59%G 
Supplemental Data  
Net assets, end of period (000 omitted) $840 
Portfolio turnover rateH 22%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2030 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 39.4 
Fidelity Series Bond Index Fund 27.1 
Fidelity Series Global ex U.S. Index Fund 26.4 
Fidelity Series Inflation-Protected Bond Index Fund 3.6 
Fidelity Series Long-Term Treasury Bond Index Fund 3.1 
Fidelity Series Treasury Bill Index Fund 0.4 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 39.4% 
   International Equity Funds 26.4% 
   Bond Funds 30.2% 
   Inflation-Protected Bond Funds 3.6% 
   Short-Term Funds 0.4% 


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

Fidelity Freedom® Index 2030 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 39.4%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $3,297,872,223) 331,861,149 3,789,854,320 
International Equity Funds - 26.4%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $2,394,275,811) 202,985,587 2,541,379,552 
Bond Funds - 30.2%   
Fidelity Series Bond Index Fund (a) 239,727,877 2,608,239,304 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 28,296,423 292,302,054 
TOTAL BOND FUNDS   
(Cost $2,710,580,841)  2,900,541,358 
Inflation-Protected Bond Funds - 3.6%   
Fidelity Series Inflation-Protected Bond Index Fund (a)   
(Cost $323,671,013) 32,146,552 343,968,103 
Short-Term Funds - 0.4%   
Fidelity Cash Central Fund 0.10% (b) 16,096 16,099 
Fidelity Series Treasury Bill Index Fund (a) 4,338,313 43,426,509 
TOTAL SHORT-TERM FUNDS   
(Cost $43,442,608)  43,442,608 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $8,769,842,496)  9,619,185,941 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (680,344) 
NET ASSETS - 100%  $9,618,505,597 

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 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 $6 
Total $6 

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 Bond Index Fund $2,006,678,546 $694,091,207 $137,547,717 $24,189,209 $(62,344) $45,079,612 $2,608,239,304 
Fidelity Series Global ex U.S. Index Fund 2,022,394,320 241,522,119 213,874,102 -- (5,784,625) 497,121,840 2,541,379,552 
Fidelity Series Inflation-Protected Bond Index Fund 233,219,272 108,158,231 14,176,127 229,086 (6,121) 16,772,848 343,968,103 
Fidelity Series Long-Term Treasury Bond Index Fund 228,669,467 86,314,098 14,652,101 6,561,248 337,605 (8,367,015) 292,302,054 
Fidelity Series Total Market Index Fund 3,004,594,636 391,881,594 581,654,522 16,253,809 8,964,331 966,068,281 3,789,854,320 
Fidelity Series Treasury Bill Index Fund -- 44,273,210 846,701 5,660 -- -- 43,426,509 
 $7,495,556,241 $1,566,240,459 $962,751,270 $47,239,012 $3,448,846 $1,516,675,566 $9,619,169,842 

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 September 30, 2020, 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:     
Domestic Equity Funds $3,789,854,320 $3,789,854,320 $-- $-- 
International Equity Funds 2,541,379,552 2,541,379,552 -- -- 
Bond Funds 3,244,509,461 3,244,509,461 -- -- 
Short-Term Funds 43,442,608 43,442,608 -- -- 
Total Investments in Securities: $9,619,185,941 $9,619,185,941 $-- $-- 

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


Fidelity Freedom® Index 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $16,099) $16,099  
Other affiliated issuers (cost $8,769,826,397) 9,619,169,842  
Total Investment in Securities (cost $8,769,842,496)  $9,619,185,941 
Cash  
Receivable for investments sold  32,327,393 
Receivable for fund shares sold  25,653,445 
Distributions receivable from Fidelity Central Funds  
Total assets  9,677,166,784 
Liabilities   
Payable for investments purchased $46,024,312  
Payable for fund shares redeemed 11,956,524  
Accrued management fee 680,351  
Total liabilities  58,661,187 
Net Assets  $9,618,505,597 
Net Assets consist of:   
Paid in capital  $8,749,774,152 
Total accumulated earnings (loss)  868,731,445 
Net Assets  $9,618,505,597 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($4,646,104,691 ÷ 263,461,654 shares)  $17.63 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($4,971,145,921 ÷ 281,825,270 shares)  $17.64 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,254,985 ÷ 71,141 shares)  $17.64 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $38,312,347 
Income from Fidelity Central Funds  
Total income  38,312,353 
Expenses   
Management fee $4,279,586  
Independent trustees' fees and expenses 11,801  
Total expenses before reductions 4,291,387  
Expense reductions (3)  
Total expenses after reductions  4,291,384 
Net investment income (loss)  34,020,969 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 3,448,846  
Capital gain distributions from underlying funds:   
Affiliated issuers 8,926,665  
Total net realized gain (loss)  12,375,511 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,516,675,566  
Total change in net unrealized appreciation (depreciation)  1,516,675,566 
Net gain (loss)  1,529,051,077 
Net increase (decrease) in net assets resulting from operations  $1,563,072,046 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $34,020,969 $137,012,879 
Net realized gain (loss) 12,375,511 1,056,140,498 
Change in net unrealized appreciation (depreciation) 1,516,675,566 (1,674,382,215) 
Net increase (decrease) in net assets resulting from operations 1,563,072,046 (481,228,838) 
Distributions to shareholders (48,328,958) (1,169,499,813) 
Share transactions - net increase (decrease) 608,719,504 3,375,705,070 
Total increase (decrease) in net assets 2,123,462,592 1,724,976,419 
Net Assets   
Beginning of period 7,495,043,005 5,770,066,586 
End of period $9,618,505,597 $7,495,043,005 

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


Financial Highlights

Fidelity Freedom Index 2030 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.73 $17.99 $17.57 $16.07 $14.49 $15.15 
Income from Investment Operations       
Net investment income (loss)A .06 .34 .38 .33 .31 .26 
Net realized and unrealized gain (loss) 2.93 (.74) .41 1.50 1.57 (.63) 
Total from investment operations 2.99 (.40) .79 1.83 1.88 (.37) 
Distributions from net investment income (.03) (.33) (.36) (.31) (.29) (.29) 
Distributions from net realized gain (.07) (2.53) (.01) (.01) (.01) B 
Total distributions (.09)C (2.86) (.37) (.33)C (.30) (.29) 
Net asset value, end of period $17.63 $14.73 $17.99 $17.57 $16.07 $14.49 
Total ReturnD,E 20.39% (4.38)% 4.71% 11.35% 13.07% (2.44)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%H .12% .11% .12% .10% .08% 
Net investment income (loss) .74%H 1.92% 2.14% 1.92% 2.03% 1.75% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,646,105 $3,610,892 $2,500,479 $1,856,566 $1,333,880 $1,315,200 
Portfolio turnover rateI 22%H 85% 14% 9% 13% 13% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2030 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $14.73 $18.00 $17.57 $16.07 $14.49 $15.44 
Income from Investment Operations       
Net investment income (loss)B .07 .35 .39 .34 .32 .38 
Net realized and unrealized gain (loss) 2.94 (.75) .42 1.49 1.57 (1.04) 
Total from investment operations 3.01 (.40) .81 1.83 1.89 (.66) 
Distributions from net investment income (.03) (.34) (.37) (.32) (.30) (.29) 
Distributions from net realized gain (.07) (2.53) (.01) (.01) (.01) C 
Total distributions (.10) (2.87) (.38) (.33) (.31) (.29) 
Net asset value, end of period $17.64 $14.73 $18.00 $17.57 $16.07 $14.49 
Total ReturnD,E 20.47% (4.40)% 4.82% 11.39% 13.13% (4.28)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .08%H .08% .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .08%H .08% .05% .07% .05% .02%H 
Expenses net of all reductions .08%H .08% .05% .07% .05% .02%H 
Net investment income (loss) .78%H 1.96% 2.20% 1.97% 2.08% 3.54%H 
Supplemental Data       
Net assets, end of period (000 omitted) $4,971,146 $3,884,151 $3,269,588 $2,642,936 $2,025,502 $1,165,165 
Portfolio turnover rateI 22%H 85% 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2030 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $16.56 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) 1.06 
Total from investment operations 1.08 
Net asset value, end of period $17.64 
Total ReturnC,D 6.52% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .53%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,255 
Portfolio turnover rateH 22%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2035 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 48.4 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 16.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 48.4% 
   International Equity Funds 32.5% 
   Bond Funds 19.1% 


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

Fidelity Freedom® Index 2035 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 48.4%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $3,043,435,575) 305,272,216 3,486,208,708 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $2,229,726,632) 186,630,941 2,336,619,378 
Bond Funds - 19.1%   
Fidelity Series Bond Index Fund (a) 106,097,462 1,154,340,388 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 21,128,570 218,258,131 
TOTAL BOND FUNDS   
(Cost $1,287,450,173)  1,372,598,519 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $13,410) 13,408 13,410 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,560,625,790)  7,195,440,015 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (499,437) 
NET ASSETS - 100%  $7,194,940,578 

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 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 $5 
Total $5 

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 Bond Index Fund $804,682,448 $383,061,040 $51,338,378 $10,143,866 $(829) $17,936,107 $1,154,340,388 
Fidelity Series Global ex U.S. Index Fund 1,766,350,334 271,563,133 137,182,617 -- (3,034,404) 438,922,932 2,336,619,378 
Fidelity Series Long-Term Treasury Bond Index Fund 164,771,244 71,827,760 12,522,069 4,748,491 357,485 (6,176,289) 218,258,131 
Fidelity Series Total Market Index Fund 2,621,604,249 401,097,215 399,670,418 14,182,125 (2,974,217) 866,151,879 3,486,208,708 
 $5,357,408,275 $1,127,549,148 $600,713,482 $29,074,482 $(5,651,965) $1,316,834,629 $7,195,426,605 

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 September 30, 2020, 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:     
Domestic Equity Funds $3,486,208,708 $3,486,208,708 $-- $-- 
International Equity Funds 2,336,619,378 2,336,619,378 -- -- 
Bond Funds 1,372,598,519 1,372,598,519 -- -- 
Short-Term Funds 13,410 13,410 -- -- 
Total Investments in Securities: $7,195,440,015 $7,195,440,015 $-- $-- 

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


Fidelity Freedom® Index 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $13,410) $13,410  
Other affiliated issuers (cost $6,560,612,380) 7,195,426,605  
Total Investment in Securities (cost $6,560,625,790)  $7,195,440,015 
Cash  
Receivable for investments sold  15,438,388 
Receivable for fund shares sold  21,823,011 
Distributions receivable from Fidelity Central Funds  
Total assets  7,232,701,418 
Liabilities   
Payable for investments purchased $29,589,500  
Payable for fund shares redeemed 7,671,898  
Accrued management fee 499,442  
Total liabilities  37,760,840 
Net Assets  $7,194,940,578 
Net Assets consist of:   
Paid in capital  $6,560,697,354 
Total accumulated earnings (loss)  634,243,224 
Net Assets  $7,194,940,578 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,762,560,702 ÷ 199,916,401 shares)  $18.82 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,431,399,058 ÷ 182,234,102 shares)  $18.83 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($980,818 ÷ 52,080 shares)  $18.83 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $21,902,658 
Income from Fidelity Central Funds  
Total income  21,902,663 
Expenses   
Management fee $3,188,505  
Independent trustees' fees and expenses 8,606  
Total expenses before reductions 3,197,111  
Expense reductions (1)  
Total expenses after reductions  3,197,110 
Net investment income (loss)  18,705,553 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (5,651,965)  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,171,824  
Total net realized gain (loss)  1,519,859 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,316,834,629  
Total change in net unrealized appreciation (depreciation)  1,316,834,629 
Net gain (loss)  1,318,354,488 
Net increase (decrease) in net assets resulting from operations  $1,337,060,041 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $18,705,553 $95,902,909 
Net realized gain (loss) 1,519,859 746,932,782 
Change in net unrealized appreciation (depreciation) 1,316,834,629 (1,379,836,593) 
Net increase (decrease) in net assets resulting from operations 1,337,060,041 (537,000,902) 
Distributions to shareholders (26,122,526) (832,182,362) 
Share transactions - net increase (decrease) 526,952,479 2,708,059,203 
Total increase (decrease) in net assets 1,837,889,994 1,338,875,939 
Net Assets   
Beginning of period 5,357,050,584 4,018,174,645 
End of period $7,194,940,578 $5,357,050,584 

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


Financial Highlights

Fidelity Freedom Index 2035 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $15.20 $19.07 $18.63 $16.79 $14.91 $15.67 
Income from Investment Operations       
Net investment income (loss)A .05 .36 .39 .34 .32 .27 
Net realized and unrealized gain (loss) 3.64 (1.26) .43 1.84 1.87 (.73) 
Total from investment operations 3.69 (.90) .82 2.18 2.19 (.46) 
Distributions from net investment income (.01) (.33) (.37) (.32) (.30) (.30) 
Distributions from net realized gain (.06) (2.64) (.01) (.02) (.01) B 
Total distributions (.07) (2.97) (.38) (.34) (.31) (.30) 
Net asset value, end of period $18.82 $15.20 $19.07 $18.63 $16.79 $14.91 
Total ReturnC,D 24.35% (7.39)% 4.63% 12.96% 14.81% (2.93)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .12%G .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%G .12% .11% .12% .10% .08% 
Net investment income (loss) .55%G 1.87% 2.08% 1.89% 2.02% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,762,561 $2,844,302 $2,003,135 $1,390,826 $936,458 $880,845 
Portfolio turnover rateH 19%G 80% 10% 7% 13% 11% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2035 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $15.21 $19.08 $18.64 $16.80 $14.92 $16.03 
Income from Investment Operations       
Net investment income (loss)B .05 .37 .40 .35 .33 .39 
Net realized and unrealized gain (loss) 3.64 (1.26) .43 1.84 1.87 (1.20) 
Total from investment operations 3.69 (.89) .83 2.19 2.20 (.81) 
Distributions from net investment income (.02) (.34) (.38) (.33) (.31) (.30) 
Distributions from net realized gain (.06) (2.64) (.01) (.02) (.01) C 
Total distributions (.07)D (2.98) (.39) (.35) (.32) (.30) 
Net asset value, end of period $18.83 $15.21 $19.08 $18.64 $16.80 $14.92 
Total ReturnE,F 24.35% (7.33)% 4.69% 13.00% 14.87% (5.04)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .05% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .05% .01%I 
Net investment income (loss) .59%I 1.92% 2.14% 1.94% 2.07% 3.53%I 
Supplemental Data       
Net assets, end of period (000 omitted) $3,431,399 $2,512,748 $2,015,039 $1,522,603 $1,130,096 $581,231 
Portfolio turnover rateJ 19%I 80% 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 distributions per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2035 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.48 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) 1.34 
Total from investment operations 1.35 
Net asset value, end of period $18.83 
Total ReturnC,D 7.72% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .30%G 
Supplemental Data  
Net assets, end of period (000 omitted) $981 
Portfolio turnover rateH 19%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2040 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2040 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $3,392,582,941) 339,352,120 3,875,401,209 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $2,478,218,380) 207,475,749 2,597,596,380 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 46,710,464 508,209,845 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 21,153,621 218,516,901 
TOTAL BOND FUNDS   
(Cost $671,321,815)  726,726,746 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $14,315) 14,312 14,315 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,542,137,451)  7,199,738,650 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (472,270) 
NET ASSETS - 100%  $7,199,266,380 

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 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 $5 
Total $5 

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 Bond Index Fund $377,706,341 $150,970,293 $28,860,355 $4,608,954 $39,263 $8,354,303 $508,209,845 
Fidelity Series Global ex U.S. Index Fund 1,902,639,827 355,183,516 132,095,769 -- (3,511,216) 475,380,022 2,597,596,380 
Fidelity Series Long-Term Treasury Bond Index Fund 162,230,894 74,321,206 12,243,643 4,682,659 402,771 (6,194,327) 218,516,901 
Fidelity Series Total Market Index Fund 2,824,362,277 443,780,877 326,572,929 15,255,487 (9,887,958) 943,718,942 3,875,401,209 
Total $5,266,939,339 $1,024,255,892 $499,772,696 $24,547,100 $(12,957,140) $1,421,258,940 $7,199,724,335 

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 September 30, 2020, 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:     
Domestic Equity Funds $3,875,401,209 $3,875,401,209 $-- $-- 
International Equity Funds 2,597,596,380 2,597,596,380 -- -- 
Bond Funds 726,726,746 726,726,746 -- -- 
Short-Term Funds 14,315 14,315 -- -- 
Total Investments in Securities: $7,199,738,650 $7,199,738,650 $-- $-- 

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


Fidelity Freedom® Index 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $14,315) $14,315  
Other affiliated issuers (cost $6,542,123,136) 7,199,724,335  
Total Investment in Securities (cost $6,542,137,451)  $7,199,738,650 
Cash  
Receivable for investments sold  19,393,131 
Receivable for fund shares sold  23,366,621 
Distributions receivable from Fidelity Central Funds  
Total assets  7,242,498,407 
Liabilities   
Payable for investments purchased $36,766,408  
Payable for fund shares redeemed 5,993,343  
Accrued management fee 472,276  
Total liabilities  43,232,027 
Net Assets  $7,199,266,380 
Net Assets consist of:   
Paid in capital  $6,551,616,518 
Total accumulated earnings (loss)  647,649,862 
Net Assets  $7,199,266,380 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,256,745,354 ÷ 174,949,516 shares)  $18.62 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,939,403,494 ÷ 211,638,387 shares)  $18.61 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($3,117,532 ÷ 167,506 shares)  $18.61 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $17,096,913 
Income from Fidelity Central Funds  
Total income  17,096,918 
Expenses   
Management fee $3,060,720  
Independent trustees' fees and expenses 8,509  
Total expenses before reductions 3,069,229  
Expense reductions (1)  
Total expenses after reductions  3,069,228 
Net investment income (loss)  14,027,690 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (12,957,140)  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,450,187  
Total net realized gain (loss)  (5,506,953) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,421,258,940  
Total change in net unrealized appreciation (depreciation)  1,421,258,940 
Net gain (loss)  1,415,751,987 
Net increase (decrease) in net assets resulting from operations  $1,429,779,677 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,027,690 $94,224,108 
Net realized gain (loss) (5,506,953) 847,119,448 
Change in net unrealized appreciation (depreciation) 1,421,258,940 (1,557,654,334) 
Net increase (decrease) in net assets resulting from operations 1,429,779,677 (616,310,778) 
Distributions to shareholders (23,356,311) (928,689,470) 
Share transactions - net increase (decrease) 526,230,899 2,675,344,924 
Total increase (decrease) in net assets 1,932,654,265 1,130,344,676 
Net Assets   
Beginning of period 5,266,612,115 4,136,267,439 
End of period $7,199,266,380 $5,266,612,115 

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


Financial Highlights

Fidelity Freedom Index 2040 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.77 $19.19 $18.77 $16.90 $15.00 $15.76 
Income from Investment Operations       
Net investment income (loss)A .04 .35 .39 .34 .32 .26 
Net realized and unrealized gain (loss) 3.87 (1.43) .42 1.87 1.90 (.72) 
Total from investment operations 3.91 (1.08) .81 2.21 2.22 (.46) 
Distributions from net investment income (.01) (.33) (.38) (.33) (.31) (.30) 
Distributions from net realized gain (.06) (3.00) (.01) (.02) (.01) B 
Total distributions (.06)C (3.34) (.39) (.34)C (.32) (.30) 
Net asset value, end of period $18.62 $14.77 $19.19 $18.77 $16.90 $15.00 
Total ReturnD,E 26.56% (8.93)% 4.56% 13.08% 14.90% (2.91)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%H .12% .11% .12% .10% .08% 
Net investment income (loss) .41%H 1.82% 2.06% 1.87% 2.02% 1.70% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,256,745 $2,405,077 $1,731,927 $1,281,722 $900,067 $910,880 
Portfolio turnover rateI 16%H 78% 10% 6% 13% 9% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2040 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $14.77 $19.19 $18.77 $16.89 $15.00 $16.12 
Income from Investment Operations       
Net investment income (loss)B .04 .36 .40 .35 .33 .41 
Net realized and unrealized gain (loss) 3.87 (1.43) .42 1.88 1.89 (1.22) 
Total from investment operations 3.91 (1.07) .82 2.23 2.22 (.81) 
Distributions from net investment income (.01) (.34) (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.06) (3.00) (.01) (.02) (.01) C 
Total distributions (.07) (3.35) (.40) (.35)D (.33) (.31)D 
Net asset value, end of period $18.61 $14.77 $19.19 $18.77 $16.89 $15.00 
Total ReturnE,F 26.50% (8.89)% 4.61% 13.20% 14.90% (5.06)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .05% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .05% .01%I 
Net investment income (loss) .45%I 1.86% 2.12% 1.92% 2.07% 3.69%I 
Supplemental Data       
Net assets, end of period (000 omitted) $3,939,403 $2,861,535 $2,404,340 $1,929,498 $1,438,010 $830,093 
Portfolio turnover rateJ 16%I 78% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2040 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.16 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) 1.44 
Total from investment operations 1.45 
Net asset value, end of period $18.61 
Total ReturnC,D 8.45% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .14%G 
Supplemental Data  
Net assets, end of period (000 omitted) $3,118 
Portfolio turnover rateH 16%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2045 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $2,465,175,777) 246,212,518 2,811,746,951 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,806,715,861) 150,530,760 1,884,645,119 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 33,889,729 368,720,254 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 15,347,498 158,539,652 
TOTAL BOND FUNDS   
(Cost $488,970,213)  527,259,906 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $6,762) 6,761 6,762 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,760,868,613)  5,223,658,738 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (344,308) 
NET ASSETS - 100%  $5,223,314,430 

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 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 $3 
Total $3 

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 Bond Index Fund $265,381,678 $115,601,536 $18,150,054 $3,281,799 $16,238 $5,870,856 $368,720,254 
Fidelity Series Global ex U.S. Index Fund 1,336,844,056 295,358,791 81,177,454 -- (2,581,986) 336,201,712 1,884,645,119 
Fidelity Series Long-Term Treasury Bond Index Fund 113,985,596 56,361,439 7,686,766 3,312,207 242,808 (4,363,425) 158,539,652 
Fidelity Series Total Market Index Fund 1,984,476,206 382,360,309 215,894,838 10,739,787 (9,590,047) 670,395,321 2,811,746,951 
Total $3,700,687,536 $849,682,075 $322,909,112 $17,333,793 $(11,912,987) $1,008,104,464 $5,223,651,976 

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 September 30, 2020, 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:     
Domestic Equity Funds $2,811,746,951 $2,811,746,951 $-- $-- 
International Equity Funds 1,884,645,119 1,884,645,119 -- -- 
Bond Funds 527,259,906 527,259,906 -- -- 
Short-Term Funds 6,762 6,762 -- -- 
Total Investments in Securities: $5,223,658,738 $5,223,658,738 $-- $-- 

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


Fidelity Freedom® Index 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $6,762) $6,762  
Other affiliated issuers (cost $4,760,861,851) 5,223,651,976  
Total Investment in Securities (cost $4,760,868,613)  $5,223,658,738 
Cash  3,113 
Receivable for investments sold  12,282,235 
Receivable for fund shares sold  20,709,478 
Distributions receivable from Fidelity Central Funds  
Total assets  5,256,653,565 
Liabilities   
Payable for investments purchased $28,581,407  
Payable for fund shares redeemed 4,410,305  
Accrued management fee 347,423  
Total liabilities  33,339,135 
Net Assets  $5,223,314,430 
Net Assets consist of:   
Paid in capital  $4,767,204,118 
Total accumulated earnings (loss)  456,110,312 
Net Assets  $5,223,314,430 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,503,430,240 ÷ 129,676,374 shares)  $19.31 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,718,129,915 ÷ 140,732,154 shares)  $19.31 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,754,275 ÷ 90,816 shares)  $19.32 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $12,088,873 
Income from Fidelity Central Funds  
Total income  12,088,876 
Expenses   
Management fee $2,209,987  
Independent trustees' fees and expenses 6,017  
Total expenses  2,216,004 
Net investment income (loss)  9,872,872 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (11,912,987)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,244,920  
Total net realized gain (loss)  (6,668,067) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,008,104,464  
Total change in net unrealized appreciation (depreciation)  1,008,104,464 
Net gain (loss)  1,001,436,397 
Net increase (decrease) in net assets resulting from operations  $1,011,309,269 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $9,872,872 $64,532,418 
Net realized gain (loss) (6,668,067) 484,430,417 
Change in net unrealized appreciation (depreciation) 1,008,104,464 (986,442,740) 
Net increase (decrease) in net assets resulting from operations 1,011,309,269 (437,479,905) 
Distributions to shareholders (15,178,439) (537,813,779) 
Share transactions - net increase (decrease) 526,729,546 1,985,672,707 
Total increase (decrease) in net assets 1,522,860,376 1,010,379,023 
Net Assets   
Beginning of period 3,700,454,054 2,690,075,031 
End of period $5,223,314,430 $3,700,454,054 

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


Financial Highlights

Fidelity Freedom Index 2045 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $15.31 $19.33 $18.91 $17.04 $15.13 $15.89 
Income from Investment Operations       
Net investment income (loss)A .04 .36 .39 .35 .33 .28 
Net realized and unrealized gain (loss) 4.02 (1.56) .43 1.88 1.90 (.74) 
Total from investment operations 4.06 (1.20) .82 2.23 2.23 (.46) 
Distributions from net investment income (.01) (.33) (.38) (.33) (.31) (.30) 
Distributions from net realized gain (.06) (2.49) (.02) (.03) (.01) B 
Total distributions (.06)C (2.82) (.40) (.36) (.32) (.30) 
Net asset value, end of period $19.31 $15.31 $19.33 $18.91 $17.04 $15.13 
Total ReturnD,E 26.58% (8.96)% 4.58% 13.08% 14.87% (2.88)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%H .12% .11% .12% .10% .08% 
Net investment income (loss) .41%H 1.85% 2.06% 1.89% 2.04% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,503,430 $1,810,294 $1,244,020 $872,779 $583,893 $542,581 
Portfolio turnover rateI 14%H 77% 10% 6% 15% 8% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2045 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $15.32 $19.33 $18.92 $17.04 $15.13 $16.26 
Income from Investment Operations       
Net investment income (loss)B .04 .37 .40 .36 .34 .40 
Net realized and unrealized gain (loss) 4.01 (1.55) .42 1.89 1.90 (1.22) 
Total from investment operations 4.05 (1.18) .82 2.25 2.24 (.82) 
Distributions from net investment income (.01) (.34) (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.06) (2.49) (.02) (.03) (.01) C 
Total distributions (.06)D (2.83) (.41) (.37) (.33) (.31)D 
Net asset value, end of period $19.31 $15.32 $19.33 $18.92 $17.04 $15.13 
Total ReturnE,F 26.51% (8.88)% 4.58% 13.20% 14.94% (5.08)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .05% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .05% .01%I 
Net investment income (loss) .45%I 1.89% 2.11% 1.94% 2.09% 3.56%I 
Supplemental Data       
Net assets, end of period (000 omitted) $2,718,130 $1,890,160 $1,446,055 $1,062,443 $743,645 $386,977 
Portfolio turnover rateJ 14%I 77% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2045 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.81 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) 1.50 
Total from investment operations 1.51 
Net asset value, end of period $19.32 
Total ReturnC 8.48% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .06%F 
Expenses net of fee waivers, if any .06%F 
Expenses net of all reductions .06%F 
Net investment income (loss) .14%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,754 
Portfolio turnover rateG 14%F 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2050 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2050 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $2,237,868,437) 223,565,173 2,553,114,280 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $1,637,348,982) 136,684,539 1,711,290,428 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 30,772,418 334,803,913 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 13,935,776 143,956,565 
TOTAL BOND FUNDS   
(Cost $444,241,731)  478,760,478 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $7,655) 7,653 7,655 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,319,466,805)  4,743,172,841 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (310,359) 
NET ASSETS - 100%  $4,742,862,482 

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 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 $4 
Total $4 

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 Bond Index Fund $239,541,482 $104,816,737 $14,892,955 $2,979,699 $5,775 $5,332,874 $334,803,913 
Fidelity Series Global ex U.S. Index Fund 1,206,691,413 267,886,426 66,417,233 -- (3,537,864) 306,667,686 1,711,290,428 
Fidelity Series Long-Term Treasury Bond Index Fund 102,886,807 51,114,292 6,295,241 3,000,814 193,091 (3,942,384) 143,956,565 
Fidelity Series Total Market Index Fund 1,791,279,644 345,079,855 183,192,545 9,715,671 (9,662,147) 609,609,473 2,553,114,280 
Total $3,340,399,346 $768,897,310 $270,797,974 $15,696,184 $(13,001,145) $917,667,649 $4,743,165,186 

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 September 30, 2020, 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:     
Domestic Equity Funds $2,553,114,280 $2,553,114,280 $-- $-- 
International Equity Funds 1,711,290,428 1,711,290,428 -- -- 
Bond Funds 478,760,478 478,760,478 -- -- 
Short-Term Funds 7,655 7,655 -- -- 
Total Investments in Securities: $4,743,172,841 $4,743,172,841 $-- $-- 

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


Fidelity Freedom® Index 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $7,655) $7,655  
Other affiliated issuers (cost $4,319,459,150) 4,743,165,186  
Total Investment in Securities (cost $4,319,466,805)  $4,743,172,841 
Cash  1,134 
Receivable for investments sold  11,116,296 
Receivable for fund shares sold  17,869,475 
Distributions receivable from Fidelity Central Funds  
Total assets  4,772,159,747 
Liabilities   
Payable for investments purchased $25,709,742  
Payable for fund shares redeemed 3,276,029  
Accrued management fee 311,494  
Total liabilities  29,297,265 
Net Assets  $4,742,862,482 
Net Assets consist of:   
Paid in capital  $4,327,594,074 
Total accumulated earnings (loss)  415,268,408 
Net Assets  $4,742,862,482 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,156,985,226 ÷ 111,497,873 shares)  $19.35 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,584,326,478 ÷ 133,578,783 shares)  $19.35 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,550,778 ÷ 80,147 shares)  $19.35 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $10,951,379 
Income from Fidelity Central Funds  
Total income  10,951,383 
Expenses   
Management fee $1,983,956  
Independent trustees' fees and expenses 5,455  
Total expenses  1,989,411 
Net investment income (loss)  8,961,972 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (13,001,145)  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,744,805  
Total net realized gain (loss)  (8,256,340) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 917,667,649  
Total change in net unrealized appreciation (depreciation)  917,667,649 
Net gain (loss)  909,411,309 
Net increase (decrease) in net assets resulting from operations  $918,373,281 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $8,961,972 $57,893,231 
Net realized gain (loss) (8,256,340) 442,865,384 
Change in net unrealized appreciation (depreciation) 917,667,649 (897,221,134) 
Net increase (decrease) in net assets resulting from operations 918,373,281 (396,462,519) 
Distributions to shareholders (13,774,747) (488,861,326) 
Share transactions - net increase (decrease) 498,071,899 1,799,394,306 
Total increase (decrease) in net assets 1,402,670,433 914,070,461 
Net Assets   
Beginning of period 3,340,192,049 2,426,121,588 
End of period $4,742,862,482 $3,340,192,049 

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


Financial Highlights

Fidelity Freedom Index 2050 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $15.34 $19.41 $19.00 $17.14 $15.24 $16.01 
Income from Investment Operations       
Net investment income (loss)A .04 .36 .39 .35 .33 .28 
Net realized and unrealized gain (loss) 4.03 (1.55) .42 1.90 1.91 (.74) 
Total from investment operations 4.07 (1.19) .81 2.25 2.24 (.46) 
Distributions from net investment income (.01) (.34) (.38) (.33) (.33) (.30) 
Distributions from net realized gain (.06) (2.54) (.02) (.06) (.01) B 
Total distributions (.06)C (2.88) (.40) (.39) (.34) (.31) 
Net asset value, end of period $19.35 $15.34 $19.41 $19.00 $17.14 $15.24 
Total ReturnD,E 26.60% (8.95)% 4.53% 13.15% 14.82% (2.92)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .12%H .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%H .12% .11% .12% .10% .08% 
Net investment income (loss) .40%H 1.84% 2.06% 1.89% 2.06% 1.80% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,156,985 $1,524,955 $1,049,434 $739,919 $513,543 $486,444 
Portfolio turnover rateI 13%H 77% 12% 6% 19% 7% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2050 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $15.34 $19.41 $19.00 $17.14 $15.24 $16.37 
Income from Investment Operations       
Net investment income (loss)B .04 .37 .40 .36 .34 .38 
Net realized and unrealized gain (loss) 4.03 (1.55) .42 1.90 1.91 (1.20) 
Total from investment operations 4.07 (1.18) .82 2.26 2.25 (.82) 
Distributions from net investment income (.01) (.34) (.39) (.34) (.34) (.30) 
Distributions from net realized gain (.06) (2.54) (.02) (.06) (.01) C 
Total distributions (.06)D (2.89) (.41) (.40) (.35) (.31)D 
Net asset value, end of period $19.35 $15.34 $19.41 $19.00 $17.14 $15.24 
Total ReturnE,F 26.60% (8.91)% 4.59% 13.20% 14.88% (5.04)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .05% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .05% .01%I 
Net investment income (loss) .44%I 1.89% 2.11% 1.94% 2.11% 3.40%I 
Supplemental Data       
Net assets, end of period (000 omitted) $2,584,326 $1,815,237 $1,376,687 $1,063,718 $722,781 $434,989 
Portfolio turnover rateJ 13%I 77% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2050 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $17.84 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) 1.50 
Total from investment operations 1.51 
Net asset value, end of period $19.35 
Total ReturnC 8.46% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .06%F 
Expenses net of fee waivers, if any .06%F 
Expenses net of all reductions .06%F 
Net investment income (loss) .14%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,551 
Portfolio turnover rateG 13%F 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2055 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2055 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $1,123,053,232) 111,889,908 1,277,782,751 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $822,597,762) 68,407,846 856,466,229 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 15,400,847 167,561,218 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 6,974,513 72,046,721 
TOTAL BOND FUNDS   
(Cost $223,662,622)  239,607,939 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $3,872) 3,872 3,872 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,169,317,488)  2,373,860,791 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (161,851) 
NET ASSETS - 100%  $2,373,698,940 

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 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 $1 
Total $1 

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 Bond Index Fund $113,320,540 $58,537,311 $6,838,139 $1,457,413 $(6,723) $2,548,229 $167,561,218 
Fidelity Series Global ex U.S. Index Fund 570,867,244 166,923,861 28,118,987 -- (2,579,841) 149,373,952 856,466,229 
Fidelity Series Long-Term Treasury Bond Index Fund 48,672,910 28,082,018 2,888,885 1,443,359 62,969 (1,882,291) 72,046,721 
Fidelity Series Total Market Index Fund 847,430,888 224,211,774 84,414,380 4,617,203 (5,451,188) 296,005,657 1,277,782,751 
Total $1,580,291,582 $477,754,964 $122,260,391 $7,517,975 $(7,974,783) $446,045,547 $2,373,856,919 

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 September 30, 2020, 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:     
Domestic Equity Funds $1,277,782,751 $1,277,782,751 $-- $-- 
International Equity Funds 856,466,229 856,466,229 -- -- 
Bond Funds 239,607,939 239,607,939 -- -- 
Short-Term Funds 3,872 3,872 -- -- 
Total Investments in Securities: $2,373,860,791 $2,373,860,791 $-- $-- 

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


Fidelity Freedom® Index 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $3,872) $3,872  
Other affiliated issuers (cost $2,169,313,616) 2,373,856,919  
Total Investment in Securities (cost $2,169,317,488)  $2,373,860,791 
Cash  
Receivable for investments sold  5,450,631 
Receivable for fund shares sold  9,650,358 
Total assets  2,388,961,781 
Liabilities   
Payable for investments purchased $13,005,224  
Payable for fund shares redeemed 2,095,764  
Accrued management fee 161,853  
Total liabilities  15,262,841 
Net Assets  $2,373,698,940 
Net Assets consist of:   
Paid in capital  $2,173,871,418 
Total accumulated earnings (loss)  199,827,522 
Net Assets  $2,373,698,940 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,264,297,011 ÷ 79,594,668 shares)  $15.88 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,107,720,905 ÷ 69,659,967 shares)  $15.90 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($1,681,024 ÷ 105,725 shares)  $15.90 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $5,263,079 
Income from Fidelity Central Funds  
Total income  5,263,080 
Expenses   
Management fee $1,006,181  
Independent trustees' fees and expenses 2,634  
Total expenses before reductions 1,008,815  
Expense reductions (3)  
Total expenses after reductions  1,008,812 
Net investment income (loss)  4,254,268 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (7,974,783)  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,254,896  
Total net realized gain (loss)  (5,719,887) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 446,045,547  
Total change in net unrealized appreciation (depreciation)  446,045,547 
Net gain (loss)  440,325,660 
Net increase (decrease) in net assets resulting from operations  $444,579,928 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,254,268 $25,497,925 
Net realized gain (loss) (5,719,887) 140,432,381 
Change in net unrealized appreciation (depreciation) 446,045,547 (361,589,048) 
Net increase (decrease) in net assets resulting from operations 444,579,928 (195,658,742) 
Distributions to shareholders (5,699,580) (160,934,870) 
Share transactions - net increase (decrease) 354,630,468 910,128,176 
Total increase (decrease) in net assets 793,510,816 553,534,564 
Net Assets   
Beginning of period 1,580,188,124 1,026,653,560 
End of period $2,373,698,940 $1,580,188,124 

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


Financial Highlights

Fidelity Freedom Index 2055 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.59 $15.33 $15.01 $13.53 $12.06 $12.71 
Income from Investment Operations       
Net investment income (loss)A .03 .28 .31 .28 .28 .25 
Net realized and unrealized gain (loss) 3.30 (1.33) .34 1.49 1.50 (.63) 
Total from investment operations 3.33 (1.05) .65 1.77 1.78 (.38) 
Distributions from net investment income B (.26) (.30) (.26) (.29) (.24)C 
Distributions from net realized gain (.04) (1.42) (.03) (.04) (.02) (.01)C 
Tax return of capital – – – – – (.02) 
Total distributions (.04) (1.69)D (.33) (.29)D (.31) (.27) 
Net asset value, end of period $15.88 $12.59 $15.33 $15.01 $13.53 $12.06 
Total ReturnE,F 26.51% (8.94)% 4.57% 13.09% 14.90% (2.96)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .12%I .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .12% .11% .12% .10% .08% 
Expenses net of all reductions .12%I .12% .11% .12% .10% .08% 
Net investment income (loss) .40%I 1.83% 2.06% 1.90% 2.18% 2.03% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,264,297 $867,162 $510,460 $305,192 $181,697 $150,332 
Portfolio turnover rateJ 12%I 74% 11% 6% 33% 7% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

 D Total distributions per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2055 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $12.61 $15.34 $15.02 $13.54 $12.06 $13.00 
Income from Investment Operations       
Net investment income (loss)B .03 .29 .32 .29 .28 .23 
Net realized and unrealized gain (loss) 3.31 (1.33) .34 1.49 1.51 (.89) 
Total from investment operations 3.34 (1.04) .66 1.78 1.79 (.66) 
Distributions from net investment income (.01) (.27) (.30) (.26) (.29) (.25)C 
Distributions from net realized gain (.04) (1.42) (.03) (.04) (.02) (.01)C 
Tax return of capital – – – – – (.02) 
Total distributions (.05) (1.69) (.34)D (.30) (.31) (.28) 
Net asset value, end of period $15.90 $12.61 $15.34 $15.02 $13.54 $12.06 
Total ReturnE,F 26.50% (8.85)% 4.61% 13.13% 14.98% (5.11)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .05% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .05% .01%I 
Net investment income (loss) .44%I 1.87% 2.12% 1.95% 2.23% 2.63%I 
Supplemental Data       
Net assets, end of period (000 omitted) $1,107,721 $713,027 $516,194 $342,884 $210,752 $135,214 
Portfolio turnover rateJ 12%I 74% 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2055 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $14.66 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) 1.23 
Total from investment operations 1.24 
Net asset value, end of period $15.90 
Total ReturnC,D 8.46% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .14%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,681 
Portfolio turnover rateH 12%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2060 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


Fidelity Freedom® Index 2060 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $431,589,441) 42,787,436 488,632,525 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $316,359,171) 26,159,500 327,516,943 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 5,889,297 64,075,550 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,667,053 27,550,653 
TOTAL BOND FUNDS   
(Cost $86,215,798)  91,626,203 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $834,164,410)  907,775,671 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (61,159) 
NET ASSETS - 100%  $907,714,512 

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 $1 
Total $1 

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 Bond Index Fund $40,467,977 $24,921,866 $2,218,676 $539,164 $(1,296) $905,679 $64,075,550 
Fidelity Series Global ex U.S. Index Fund 203,868,588 78,152,634 8,076,076 -- (861,383) 54,433,180 327,516,943 
Fidelity Series Long-Term Treasury Bond Index Fund 17,381,604 11,779,419 938,107 522,990 25,305 (697,568) 27,550,653 
Fidelity Series Total Market Index Fund 302,636,903 106,993,304 27,051,257 1,647,289 (1,993,677) 108,047,252 488,632,525 
Total $564,355,072 $221,847,223 $38,284,116 $2,709,443 $(2,831,051) $162,688,543 $907,775,671 

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 September 30, 2020, 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:     
Domestic Equity Funds $488,632,525 $488,632,525 $-- $-- 
International Equity Funds 327,516,943 327,516,943 -- -- 
Bond Funds 91,626,203 91,626,203 -- -- 
Total Investments in Securities: $907,775,671 $907,775,671 $-- $-- 

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


Fidelity Freedom® Index 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $834,164,410) $907,775,671  
Total Investment in Securities (cost $834,164,410)  $907,775,671 
Cash  1,302 
Receivable for investments sold  1,796,079 
Receivable for fund shares sold  4,222,380 
Total assets  913,795,432 
Liabilities   
Payable for investments purchased $5,390,342  
Payable for fund shares redeemed 628,116  
Accrued management fee 62,462  
Total liabilities  6,080,920 
Net Assets  $907,714,512 
Net Assets consist of:   
Paid in capital  $835,901,963 
Total accumulated earnings (loss)  71,812,549 
Net Assets  $907,714,512 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($496,839,705 ÷ 36,957,241 shares)  $13.44 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($410,570,350 ÷ 30,513,861 shares)  $13.46 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($304,457 ÷ 22,620 shares)  $13.46 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,904,960 
Income from Fidelity Central Funds  
Total income  1,904,961 
Expenses   
Management fee $375,822  
Independent trustees' fees and expenses 961  
Total expenses  376,783 
Net investment income (loss)  1,528,178 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (2,831,051)  
Capital gain distributions from underlying funds:   
Affiliated issuers 804,483  
Total net realized gain (loss)  (2,026,568) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 162,688,543  
Total change in net unrealized appreciation (depreciation)  162,688,543 
Net gain (loss)  160,661,975 
Net increase (decrease) in net assets resulting from operations  $162,190,153 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,528,178 $8,519,881 
Net realized gain (loss) (2,026,568) 28,558,173 
Change in net unrealized appreciation (depreciation) 162,688,543 (110,266,776) 
Net increase (decrease) in net assets resulting from operations 162,190,153 (73,188,722) 
Distributions to shareholders (1,811,405) (35,361,701) 
Share transactions - net increase (decrease) 183,018,185 374,298,933 
Total increase (decrease) in net assets 343,396,933 265,748,510 
Net Assets   
Beginning of period 564,317,579 298,569,069 
End of period $907,714,512 $564,317,579 

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


Financial Highlights

Fidelity Freedom Index 2060 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.65 $12.49 $12.23 $11.04 $9.85 $10.33 
Income from Investment Operations       
Net investment income (loss)A .02 .24 .26 .24 .25 .25 
Net realized and unrealized gain (loss) 2.80 (1.19) .27 1.21 1.19 (.55) 
Total from investment operations 2.82 (.95) .53 1.45 1.44 (.30) 
Distributions from net investment income B (.21) (.24) (.20) (.22) (.18) 
Distributions from net realized gain (.03) (.68) (.03) (.06) (.03) B 
Total distributions (.03) (.89) (.27) (.26) (.25) (.18) 
Net asset value, end of period $13.44 $10.65 $12.49 $12.23 $11.04 $9.85 
Total ReturnC,D 26.53% (8.95)% 4.54% 13.17% 14.80% (2.94)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .12%G .12% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .11% .12% .11% .08% 
Expenses net of all reductions .12%G .12% .11% .12% .11% .08% 
Net investment income (loss) .38%G 1.85% 2.13% 1.97% 2.41% 2.57% 
Supplemental Data       
Net assets, end of period (000 omitted) $496,840 $323,054 $160,477 $82,123 $38,013 $16,979 
Portfolio turnover rateH 10%G 67% 15% 7% 41% 8% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2060 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 A 
Selected Per–Share Data       
Net asset value, beginning of period $10.66 $12.50 $12.23 $11.05 $9.85 $10.56 
Income from Investment Operations       
Net investment income (loss)B .03 .24 .27 .24 .26 .13 
Net realized and unrealized gain (loss) 2.80 (1.19) .27 1.21 1.19 (.66) 
Total from investment operations 2.83 (.95) .54 1.45 1.45 (.53) 
Distributions from net investment income (.01) (.21) (.24) (.21) (.22) (.18) 
Distributions from net realized gain (.03) (.68) (.03) (.06) (.03) C 
Total distributions (.03)D (.89) (.27) (.27) (.25) (.18) 
Net asset value, end of period $13.46 $10.66 $12.50 $12.23 $11.05 $9.85 
Total ReturnE,F 26.63% (8.93)% 4.66% 13.12% 14.93% (5.05)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .08% .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .08%I .08% .05% .07% .06% .01%I 
Expenses net of all reductions .08%I .08% .05% .07% .06% .01%I 
Net investment income (loss) .42%I 1.90% 2.19% 2.02% 2.47% 1.80%I 
Supplemental Data       
Net assets, end of period (000 omitted) $410,570 $241,263 $138,092 $73,658 $28,478 $9,543 
Portfolio turnover rateJ 10%I 67% 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 distributions per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2060 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $12.41 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) 1.05 
Total from investment operations 1.05 
Net asset value, end of period $13.46 
Total ReturnD 8.46% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .14%G 
Supplemental Data  
Net assets, end of period (000 omitted) $304 
Portfolio turnover rateH 10%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom® Index 2065 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.8 
Fidelity Series Global ex U.S. Index Fund 36.1 
Fidelity Series Bond Index Fund 7.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 0.10% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.8% 
   International Equity Funds 36.1% 
   Bond Funds 10.1% 


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

Fidelity Freedom® Index 2065 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.8%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)   
(Cost $30,018,468) 2,910,722 33,240,449 
International Equity Funds - 36.1%   
Fidelity Series Global ex U.S. Index Fund (a)   
(Cost $21,257,500) 1,779,552 22,279,989 
Bond Funds - 10.1%   
Fidelity Series Bond Index Fund (a) 400,616 4,358,704 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 181,424 1,874,107 
TOTAL BOND FUNDS   
(Cost $6,086,962)  6,232,811 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 0.10% (b)   
(Cost $226) 226 226 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $57,363,156)  61,753,475 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (4,260) 
NET ASSETS - 100%  $61,749,215 

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 are available on the SEC's website or upon request.

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 Bond Index Fund $1,811,096 $2,787,636 $280,741 $31,196 $(427) $41,140 $4,358,704 
Fidelity Series Global ex U.S. Index Fund 9,125,477 11,526,825 1,232,750 -- (98,062) 2,958,499 22,279,989 
Fidelity Series Long-Term Treasury Bond Index Fund 777,901 1,253,983 118,330 26,631 (1,344) (38,103) 1,874,107 
Fidelity Series Total Market Index Fund 13,546,305 16,694,284 2,638,296 75,258 (138,659) 5,776,815 33,240,449 
Total $25,260,779 $32,262,728 $4,270,117 $133,085 $(238,492) $8,738,351 $61,753,249 

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 September 30, 2020, 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:     
Domestic Equity Funds $33,240,449 $33,240,449 $-- $-- 
International Equity Funds 22,279,989 22,279,989 -- -- 
Bond Funds 6,232,811 6,232,811 -- -- 
Short-Term Funds 226 226 -- -- 
Total Investments in Securities: $61,753,475 $61,753,475 $-- $-- 

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


Fidelity Freedom® Index 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $226) $226  
Other affiliated issuers (cost $57,362,930) 61,753,249  
Total Investment in Securities (cost $57,363,156)  $61,753,475 
Cash  
Receivable for investments sold  67,197 
Receivable for fund shares sold  369,609 
Total assets  62,190,282 
Liabilities   
Payable for investments purchased $407,873  
Payable for fund shares redeemed 28,934  
Accrued management fee 4,260  
Total liabilities  441,067 
Net Assets  $61,749,215 
Net Assets consist of:   
Paid in capital  $57,528,741 
Total accumulated earnings (loss)  4,220,474 
Net Assets  $61,749,215 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($33,486,707 ÷ 3,091,208 shares)  $10.83 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($28,086,687 ÷ 2,591,931 shares)  $10.84 
Premier Class:   
Net Asset Value, offering price and redemption price per share ($175,821 ÷ 16,227 shares)  $10.84 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $96,335 
Expenses   
Management fee $21,777  
Independent trustees' fees and expenses 50  
Total expenses  21,827 
Net investment income (loss)  74,508 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (238,492)  
Capital gain distributions from underlying funds:   
Affiliated issuers 36,750  
Total net realized gain (loss)  (201,742) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 8,738,351  
Total change in net unrealized appreciation (depreciation)  8,738,351 
Net gain (loss)  8,536,609 
Net increase (decrease) in net assets resulting from operations  $8,611,117 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) For the period
June 28, 2019 (commencement of operations) to March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $74,508 $260,150 
Net realized gain (loss) (201,742) 144,613 
Change in net unrealized appreciation (depreciation) 8,738,351 (4,348,032) 
Net increase (decrease) in net assets resulting from operations 8,611,117 (3,943,269) 
Distributions to shareholders (163,300) (284,073) 
Share transactions - net increase (decrease) 28,042,132 29,486,608 
Total increase (decrease) in net assets 36,489,949 25,259,266 
Net Assets   
Beginning of period 25,259,266 – 
End of period $61,749,215 $25,259,266 

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


Financial Highlights

Fidelity Freedom Index 2065 Fund Investor Class

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.60 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .25 
Net realized and unrealized gain (loss) 2.25 (1.43) 
Total from investment operations 2.27 (1.18) 
Distributions from net investment income C (.19) 
Distributions from net realized gain (.04) (.02) 
Total distributions (.04) (.22)D 
Net asset value, end of period $10.83 $8.60 
Total ReturnE 26.52% (12.24)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .12%H .12%H 
Expenses net of fee waivers, if any .12%H .12%H 
Expenses net of all reductions .12%H .12%H 
Net investment income (loss) .32%H 3.25%H 
Supplemental Data   
Net assets, end of period (000 omitted) $33,487 $15,363 
Portfolio turnover rateI 19%H 103%H 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2065 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.60 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .25 
Net realized and unrealized gain (loss) 2.27 (1.43) 
Total from investment operations 2.29 (1.18) 
Distributions from net investment income C (.19) 
Distributions from net realized gain (.04) (.02) 
Total distributions (.05)D (.22)D 
Net asset value, end of period $10.84 $8.60 
Total ReturnE 26.65% (12.23)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .08%H .08%H 
Expenses net of fee waivers, if any .08%H .08%H 
Expenses net of all reductions .08%H .08%H 
Net investment income (loss) .36%H 3.29%H 
Supplemental Data   
Net assets, end of period (000 omitted) $28,087 $9,896 
Portfolio turnover rateI 19%H 103%H 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom Index 2065 Fund Premier Class

 Six months ended (Unaudited) September 30, 
 2020 A 
Selected Per–Share Data  
Net asset value, beginning of period $9.99 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) .85 
Total from investment operations .85 
Net asset value, end of period $10.84 
Total ReturnD 8.51% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .06%G 
Expenses net of fee waivers, if any .06%G 
Expenses net of all reductions .06%G 
Net investment income (loss) .13%G 
Supplemental Data  
Net assets, end of period (000 omitted) $176 
Portfolio turnover rateH 19%G 

 A For the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2020

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, Fidelity Freedom Index 2060 Fund and Fidelity Freedom Index 2065 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 Investor Class, Institutional Premium Class and Premier Class shares, each of which has equal rights as to assets and voting privileges. Premier Class commenced sale of shares on June 24, 2020. 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 the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.

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 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 – Investment 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 open-end mutual 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 any underlying mutual funds or exchange-traded funds (ETFs) are recorded on the ex-dividend date.

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

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

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are 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 mutual funds or exchange-traded funds (ETFs), foreign currency transactions 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 $679,504,804 $41,649,298 $(892,859) $40,756,439 
Fidelity Freedom Index 2005 Fund 205,248,998 14,881,582 (182,701) 14,698,881 
Fidelity Freedom Index 2010 Fund 717,257,781 63,366,811 (458,027) 62,908,784 
Fidelity Freedom Index 2015 Fund 1,642,060,212 154,073,926 (912,777) 153,161,149 
Fidelity Freedom Index 2020 Fund 5,680,513,254 547,135,848 (7,662,032) 539,473,816 
Fidelity Freedom Index 2025 Fund 7,485,428,673 677,141,673 (29,408,739) 647,732,934 
Fidelity Freedom Index 2030 Fund 8,805,545,018 840,565,577 (26,924,654) 813,640,923 
Fidelity Freedom Index 2035 Fund 6,593,229,411 634,274,116 (32,063,512) 602,210,604 
Fidelity Freedom Index 2040 Fund 6,572,748,453 658,249,891 (31,259,694) 626,990,197 
Fidelity Freedom Index 2045 Fund 4,783,283,642 463,712,701 (23,337,605) 440,375,096 
Fidelity Freedom Index 2050 Fund 4,342,779,869 421,474,342 (21,081,370) 400,392,972 
Fidelity Freedom Index 2055 Fund 2,181,108,744 204,962,519 (12,210,472) 192,752,047 
Fidelity Freedom Index 2060 Fund 838,412,651 74,341,047 (4,978,027) 69,363,020 
Fidelity Freedom Index 2065 Fund 57,639,524 4,503,302 (389,351) 4,113,951 

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 167,845,020 45,813,252 
Fidelity Freedom Index 2005 Fund 62,199,434 34,380,805 
Fidelity Freedom Index 2010 Fund 129,481,994 99,815,604 
Fidelity Freedom Index 2015 Fund 265,784,971 243,540,090 
Fidelity Freedom Index 2020 Fund 856,920,680 712,083,100 
Fidelity Freedom Index 2025 Fund 1,398,214,415 809,628,580 
Fidelity Freedom Index 2030 Fund 1,566,240,459 962,751,270 
Fidelity Freedom Index 2035 Fund 1,127,549,148 600,713,482 
Fidelity Freedom Index 2040 Fund 1,024,255,892 499,772,696 
Fidelity Freedom Index 2045 Fund 849,682,075 322,909,112 
Fidelity Freedom Index 2050 Fund 768,897,310 270,797,974 
Fidelity Freedom Index 2055 Fund 477,754,964 122,260,391 
Fidelity Freedom Index 2060 Fund 221,847,223 38,284,116 
Fidelity Freedom Index 2065 Fund 32,262,728 4,270,117 

5. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) provides the Funds with investment management related services. Under the management contract, Investor Class, Institutional Premium Class and Premier Class of each Fund pays an all-inclusive monthly management fee at an annual rate of .12%, .08% and .06% of class-level average net assets, respectively. Under the management contract, each Fund's investment adviser pays all ordinary operating expenses of the Fund, except fees and expenses of the independent Trustees and certain miscellaneous expenses such as interest expense. In addition, under the expense contract, total expenses, including acquired fund fees and expenses, are limited to an annual rate of .12%, .08% and .06% of class-level average net assets for Investor Class, Institutional Premium Class and Premier Class, respectively, with certain exceptions.

Interfund Trades. 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 Total Market Index Fund and Fidelity U.S. Bond Index Fund, ("selected Underlying Funds") for investments and cash and non-taxable exchanges of those investments and cash for shares of Fidelity Series Total Market Index Fund and Fidelity Series Bond Index 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 Funds 
Fidelity Freedom Index Income Fund $218,412,508 $25,101,668 
Fidelity Freedom Index 2005 Fund 81,970,344 12,946,773 
Fidelity Freedom Index 2010 Fund 373,843,569 85,091,106 
Fidelity Freedom Index 2015 Fund 909,878,073 226,937,658 
Fidelity Freedom Index 2020 Fund 3,206,030,369 747,888,141 
Fidelity Freedom Index 2025 Fund 3,543,130,352 702,315,933 
Fidelity Freedom Index 2030 Fund 4,481,892,247 1,012,873,985 
Fidelity Freedom Index 2035 Fund 3,025,684,861 718,735,210 
Fidelity Freedom Index 2040 Fund 3,050,323,715 814,304,613 
Fidelity Freedom Index 2045 Fund 1,992,194,336 460,669,562 
Fidelity Freedom Index 2050 Fund 1,795,538,416 419,886,749 
Fidelity Freedom Index 2055 Fund 764,549,977 130,909,463 
Fidelity Freedom Index 2060 Fund 228,003,007 25,706,405 

Other. During the period, the investment adviser reimbursed certain Funds for certain losses, which are included in Net Realized Gain (Loss) in each Fund's accompanying Statement of Operations, as follows:

Fidelity Freedom Index Income Fund $27,086 
Fidelity Freedom Index 2005 Fund 10,306 
Fidelity Freedom Index 2010 Fund 5,828 

6. Expense Reductions.

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

 Custodian credits 
Fidelity Freedom Index 2005 Fund $91 
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 2055 Fund 

7. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2020(a) 
Year ended
March 31, 2020 
Fidelity Freedom Index Income Fund   
Distributions to shareholders   
Investor Class $2,521,592 $17,666,253 
Institutional Premium Class 2,495,431 17,590,362 
Premier Class 218 – 
Total $5,017,241 $35,256,615 
Fidelity Freedom Index 2005 Fund   
Distributions to shareholders   
Investor Class $637,467 $8,860,842 
Institutional Premium Class 550,654 7,515,499 
Total $1,188,121 $16,376,341 
Fidelity Freedom Index 2010 Fund   
Distributions to shareholders   
Investor Class $2,893,159 $50,445,337 
Institutional Premium Class 2,615,465 48,815,854 
Total $5,508,624 $99,261,191 
Fidelity Freedom Index 2015 Fund   
Distributions to shareholders   
Investor Class $6,921,408 $150,081,688 
Institutional Premium Class 5,379,634 111,014,102 
Total $12,301,042 $261,095,790 
Fidelity Freedom Index 2020 Fund   
Distributions to shareholders   
Investor Class $19,292,717 $417,629,721 
Institutional Premium Class 21,065,985 444,879,925 
Total $40,358,702 $862,509,646 
Fidelity Freedom Index 2025 Fund   
Distributions to shareholders   
Investor Class $22,916,611 $444,095,411 
Institutional Premium Class 20,067,892 383,513,060 
Total $42,984,503 $827,608,471 
Fidelity Freedom Index 2030 Fund   
Distributions to shareholders   
Investor Class $22,864,187 $560,258,274 
Institutional Premium Class 25,464,771 609,241,539 
Total $48,328,958 $1,169,499,813 
Fidelity Freedom Index 2035 Fund   
Distributions to shareholders   
Investor Class $13,636,887 $439,847,190 
Institutional Premium Class 12,485,639 392,335,172 
Total $26,122,526 $832,182,362 
Fidelity Freedom Index 2040 Fund   
Distributions to shareholders   
Investor Class $10,539,206 $416,481,373 
Institutional Premium Class 12,817,105 512,208,097 
Total $23,356,311 $928,689,470 
Fidelity Freedom Index 2045 Fund   
Distributions to shareholders   
Investor Class $7,366,508 $259,811,525 
Institutional Premium Class 7,811,931 278,002,254 
Total $15,178,439 $537,813,779 
Fidelity Freedom Index 2050 Fund   
Distributions to shareholders   
Investor Class $6,279,327 $219,556,646 
Institutional Premium Class 7,495,420 269,304,680 
Total $13,774,747 $488,861,326 
Fidelity Freedom Index 2055 Fund   
Distributions to shareholders   
Investor Class $3,041,563 $88,522,571 
Institutional Premium Class 2,658,017 72,412,299 
Total $5,699,580 $160,934,870 
Fidelity Freedom Index 2060 Fund   
Distributions to shareholders   
Investor Class $1,001,083 $20,175,405 
Institutional Premium Class 810,322 15,186,296 
Total $1,811,405 $35,361,701 
Fidelity Freedom Index 2065 Fund   
Distributions to shareholders   
Investor Class $90,887 $180,525(b) 
Institutional Premium Class 72,413 103,548(b) 
Total $163,300 $284,073(b) 

 (a) Distributions for Premier Class are for the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 (b) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 
 Six months ended September 30, 2020 (a) Year ended March 31, 2020 Six months ended September 30, 2020 (a) Year ended March 31, 2020 
Fidelity Freedom Index Income Fund     
Investor Class     
Shares sold 11,395,237 18,120,724 $138,447,702 $219,403,823 
Reinvestment of distributions 208,381 1,469,229 2,494,220 17,534,254 
Shares redeemed (5,121,045) (9,233,820) (62,058,936) (111,322,254) 
Net increase (decrease) 6,482,573 10,356,133 $78,882,986 $125,615,823 
Institutional Premium Class     
Shares sold 7,946,180 13,649,257 $96,510,558 $166,135,867 
Reinvestment of distributions 208,856 1,476,450 2,495,417 17,590,362 
Shares redeemed (4,524,525) (6,800,570) (55,118,142) (82,024,088) 
Net increase (decrease) 3,630,511 8,325,137 $43,887,833 $101,702,141 
Premier Class     
Shares sold 9,769 – $118,336 $– 
Reinvestment of distributions 18 – 218 – 
Shares redeemed (280) – (3,475) – 
Net increase (decrease) 9,507 – $115,079 $– 
Fidelity Freedom Index 2005 Fund     
Investor Class     
Shares sold 3,055,268 4,924,110 $40,690,244 $66,250,577 
Reinvestment of distributions 48,881 671,288 633,003 8,777,977 
Shares redeemed (1,315,702) (3,094,720) (17,430,834) (41,136,366) 
Net increase (decrease) 1,788,447 2,500,678 $23,892,413 $33,892,188 
Institutional Premium Class     
Shares sold 2,668,949 3,424,758 $35,565,182 $46,049,333 
Reinvestment of distributions 42,522 574,632 550,654 7,515,499 
Shares redeemed (2,407,394) (2,139,680) (32,395,474) (28,634,292) 
Net increase (decrease) 304,077 1,859,710 $3,720,362 $24,930,540 
Premier Class     
Shares sold 7,962 – $105,587 $– 
Net increase (decrease) 7,962 – $105,587 $– 
Fidelity Freedom Index 2010 Fund     
Investor Class     
Shares sold 6,886,691 15,052,440 $91,314,654 $211,651,492 
Reinvestment of distributions 224,848 3,817,404 2,875,812 50,115,867 
Shares redeemed (5,132,413) (8,117,951) (67,894,942) (111,527,911) 
Net increase (decrease) 1,979,126 10,751,893 $26,295,524 $150,239,448 
Institutional Premium Class     
Shares sold 4,781,603 8,143,448 $63,411,341 $114,584,658 
Reinvestment of distributions 204,332 3,716,766 2,615,443 48,815,854 
Shares redeemed (4,605,320) (7,536,761) (61,802,987) (105,046,402) 
Net increase (decrease) 380,615 4,323,453 $4,223,797 $58,354,110 
Premier Class     
Shares sold 7,931 – $104,479 $– 
Net increase (decrease) 7,931 – $104,479 $– 
Fidelity Freedom Index 2015 Fund     
Investor Class     
Shares sold 14,735,638 32,650,717 $205,130,203 $488,524,806 
Reinvestment of distributions 515,634 10,761,105 6,878,552 149,342,418 
Shares redeemed (11,499,747) (21,601,220) (159,646,779) (311,808,556) 
Net increase (decrease) 3,751,525 21,810,602 $52,361,976 $326,058,668 
Institutional Premium Class     
Shares sold 8,656,068 19,750,349 $120,723,341 $295,971,928 
Reinvestment of distributions 403,574 7,998,029 5,379,634 111,014,102 
Shares redeemed (11,009,303) (14,110,815) (155,481,699) (209,056,900) 
Net increase (decrease) (1,949,661) 13,637,563 $(29,378,724) $197,929,130 
Premier Class     
Shares sold 108,414 – $1,586,868 $– 
Net increase (decrease) 108,414 – $1,586,868 $– 
Fidelity Freedom Index 2020 Fund     
Investor Class     
Shares sold 42,410,156 102,815,807 $631,910,920 $1,641,767,048 
Reinvestment of distributions 1,354,016 27,838,228 19,186,405 415,616,368 
Shares redeemed (34,212,455) (64,016,969) (505,614,991) (984,924,209) 
Net increase (decrease) 9,551,717 66,637,066 $145,482,334 $1,072,459,207 
Institutional Premium Class     
Shares sold 36,139,526 68,537,330 $539,765,257 $1,095,334,629 
Reinvestment of distributions 1,487,711 29,811,951 21,065,985 444,879,925 
Shares redeemed (36,899,998) (53,905,551) (554,974,698) (846,332,626) 
Net increase (decrease) 727,239 44,443,730 $5,856,544 $693,881,928 
Premier Class     
Shares sold 102,815 – $1,591,595 $– 
Shares redeemed (399) – (6,165) – 
Net increase (decrease) 102,416 – $1,585,430 $– 
Fidelity Freedom Index 2025 Fund     
Investor Class     
Shares sold 60,537,109 129,762,256 $990,941,858 $2,229,728,790 
Reinvestment of distributions 1,470,564 26,833,336 22,808,438 442,284,847 
Shares redeemed (41,198,272) (59,889,712) (667,825,267) (991,693,745) 
Net increase (decrease) 20,809,401 96,705,880 $345,925,029 $1,680,319,892 
Institutional Premium Class     
Shares sold 48,519,562 79,710,153 $797,386,312 $1,368,255,120 
Reinvestment of distributions 1,293,850 23,265,479 20,067,618 383,508,004 
Shares redeemed (34,226,954) (39,002,808) (571,362,234) (656,237,606) 
Net increase (decrease) 15,586,458 63,972,824 $246,091,696 $1,095,525,518 
Premier Class     
Shares sold 49,206 – $835,074 $– 
Net increase (decrease) 49,206 – $835,074 $– 
Fidelity Freedom Index 2030 Fund     
Investor Class     
Shares sold 57,184,230 131,157,768 $961,450,083 $2,360,809,797 
Reinvestment of distributions 1,438,667 32,671,366 22,774,095 558,493,424 
Shares redeemed (40,308,068) (57,645,518) (670,309,701) (996,847,484) 
Net increase (decrease) 18,314,829 106,183,616 $313,914,477 $1,922,455,737 
Institutional Premium Class     
Shares sold 54,582,234 87,060,673 $920,276,752 $1,564,921,464 
Reinvestment of distributions 1,607,621 35,635,273 25,464,710 609,241,539 
Shares redeemed (38,018,577) (40,732,758) (652,202,099) (720,913,670) 
Net increase (decrease) 18,171,278 81,963,188 $293,539,363 $1,453,249,333 
Premier Class     
Shares sold 71,142 – $1,265,683 $– 
Shares redeemed (1) – (19) – 
Net increase (decrease) 71,141 – $1,265,664 $– 
Fidelity Freedom Index 2035 Fund     
Investor Class     
Shares sold 42,750,565 100,117,537 $760,768,151 $1,909,862,090 
Reinvestment of distributions 817,770 23,788,624 13,566,808 437,257,451 
Shares redeemed (30,739,439) (41,863,894) (541,291,483) (767,948,063) 
Net increase (decrease) 12,828,896 82,042,267 $233,043,476 $1,579,171,478 
Institutional Premium Class     
Shares sold 40,897,200 64,780,160 $729,992,825 $1,236,729,019 
Reinvestment of distributions 752,144 21,343,218 12,485,583 392,335,171 
Shares redeemed (24,628,772) (26,541,395) (449,540,227) (500,176,465) 
Net increase (decrease) 17,020,572 59,581,983 $292,938,181 $1,128,887,725 
Premier Class     
Shares sold 52,080 – $970,822 $– 
Net increase (decrease) 52,080 – $970,822 $– 
Fidelity Freedom Index 2040 Fund     
Investor Class     
Shares sold 38,247,820 83,553,714 $669,256,358 $1,588,674,345 
Reinvestment of distributions 646,931 22,780,078 10,506,167 415,500,499 
Shares redeemed (26,789,731) (33,736,635) (461,647,982) (621,941,422) 
Net increase (decrease) 12,105,020 72,597,157 $218,114,543 $1,382,233,422 
Institutional Premium Class     
Shares sold 41,430,314 68,827,317 $728,428,512 $1,316,598,156 
Reinvestment of distributions 789,226 28,080,522 12,817,028 512,208,096 
Shares redeemed (24,373,901) (28,428,229) (436,279,851) (535,694,750) 
Net increase (decrease) 17,845,639 68,479,610 $304,965,689 $1,293,111,502 
Premier Class     
Shares sold 167,506 – $3,150,667 $– 
Net increase (decrease) 167,506 – $3,150,667 $– 
Fidelity Freedom Index 2045 Fund     
Investor Class     
Shares sold 30,370,370 63,421,127 $550,316,718 $1,226,419,370 
Reinvestment of distributions 436,598 13,723,152 7,356,685 259,452,300 
Shares redeemed (19,359,922) (23,283,486) (345,856,036) (439,883,432) 
Net increase (decrease) 11,447,046 53,860,793 $211,817,367 $1,045,988,238 
Institutional Premium Class     
Shares sold 32,055,973 53,748,851 $587,099,372 $1,045,817,692 
Reinvestment of distributions 463,594 14,696,143 7,811,555 278,002,254 
Shares redeemed (15,192,451) (19,843,917) (281,758,768) (384,135,477) 
Net increase (decrease) 17,327,116 48,601,077 $313,152,159 $939,684,469 
Premier Class     
Shares sold 90,816 – $1,760,020 $– 
Net increase (decrease) 90,816 – $1,760,020 $– 
Fidelity Freedom Index 2050 Fund     
Investor Class     
Shares sold 27,997,440 53,145,751 $506,074,836 $1,033,288,905 
Reinvestment of distributions 371,361 11,562,991 6,268,578 219,075,876 
Shares redeemed (16,259,389) (19,380,962) (291,204,721) (370,970,702) 
Net increase (decrease) 12,109,412 45,327,780 $221,138,693 $881,394,079 
Institutional Premium Class     
Shares sold 29,389,427 52,529,880 $537,205,587 $1,026,003,180 
Reinvestment of distributions 444,040 14,213,900 7,495,390 269,304,680 
Shares redeemed (14,570,793) (19,354,064) (269,352,036) (377,307,633) 
Net increase (decrease) 15,262,674 47,389,716 $275,348,941 $918,000,227 
Premier Class     
Shares sold 80,786 – $1,596,447 $– 
Shares redeemed (639) – (12,182) – 
Net increase (decrease) 80,147 – $1,584,265 $– 
Fidelity Freedom Index 2055 Fund     
Investor Class     
Shares sold 22,848,349 42,884,949 $337,311,390 $666,320,479 
Reinvestment of distributions 218,990 5,686,429 3,035,197 88,362,601 
Shares redeemed (12,344,599) (12,997,316) (181,033,538) (199,707,499) 
Net increase (decrease) 10,722,740 35,574,062 $159,313,049 $554,975,581 
Institutional Premium Class     
Shares sold 20,135,329 28,059,146 $301,227,158 $435,730,475 
Reinvestment of distributions 191,637 4,654,087 2,658,011 72,412,299 
Shares redeemed (7,233,638) (9,792,532) (110,292,828) (152,990,179) 
Net increase (decrease) 13,093,328 22,920,701 $193,592,341 $355,152,595 
Premier Class     
Shares sold 105,725 – $1,725,078 $– 
Net increase (decrease) 105,725 – $1,725,078 $– 
Fidelity Freedom Index 2060 Fund     
Investor Class     
Shares sold 12,135,420 22,506,868 $152,045,324 $288,991,465 
Reinvestment of distributions 84,785 1,529,667 994,532 20,098,123 
Shares redeemed (5,590,050) (6,557,512) (69,567,644) (83,505,195) 
Net increase (decrease) 6,630,155 17,479,023 $83,472,212 $225,584,393 
Institutional Premium Class     
Shares sold 11,319,288 14,972,083 $143,367,371 $192,006,294 
Reinvestment of distributions 69,022 1,154,934 810,322 15,184,958 
Shares redeemed (3,502,652) (4,548,333) (44,928,116) (58,476,712) 
Net increase (decrease) 7,885,658 11,578,684 $99,249,577 $148,714,540 
Premier Class     
Shares sold 22,620 – $296,396 $– 
Net increase (decrease) 22,620 – $296,396 $– 
Fidelity Freedom Index 2065 Fund     
Investor Class     
Shares sold 2,108,604 2,682,829(b) $21,623,755 $27,307,154(b) 
Reinvestment of distributions 9,610 16,987(b) 90,815 180,404(b) 
Shares redeemed (813,255) (913,567)(b) (8,211,186) (9,606,396)(b) 
Net increase (decrease) 1,304,959 1,786,249(b) $13,503,384 $17,881,162(b) 
Institutional Premium Class     
Shares sold 1,923,923 1,235,896(b) $19,352,917 $12,464,580(b) 
Reinvestment of distributions 7,659 9,750(b) 72,374 103,548(b) 
Shares redeemed (490,031) (95,266)(b) (5,055,861) (962,682)(b) 
Net increase (decrease) 1,441,551 1,150,380(b) $14,369,430 $11,605,446(b) 
Premier Class     
Shares sold 16,227 – $169,318 $– 
Net increase (decrease) 16,227 – $169,318 $– 

 (a) Share transactions for Premier Class are for the period June 24, 2020 (commencement of sale of shares) to September 30, 2020.

 (b) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 underlying mutual 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 mutual 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 following underlying mutual funds.

Fund Fidelity Freedom Index 2020 Fund Fidelity Freedom Index 2025 Fund Fidelity Freedom Index 2030 Fund Fidelity Freedom Index 2035 Fund Fidelity Freedom Index 2040 Fund Fidelity Freedom Index 2045 Fund Fidelity Freedom Index 2050 Fund 
Fidelity Series Bond Index Fund  16%  19%  20% 
Fidelity Series Global ex U.S. Index Fund  11%  15%  14%  15%  11%  10% 
Fidelity Series Treasury Bill Index Fund  20%  15% 
Fidelity Series Total Market Index Fund  11%  15%  14%  15%  11%  10% 

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

Fund % of shares held 
Fidelity Series Bond Index Fund 85% 
Fidelity Series Global ex U.S. Index Fund 93% 
Fidelity Series Long-Term Treasury Bond Index Fund 23% 
Fidelity Series Treasury Bill Index Fund 58% 
Fidelity Series Total Market Index Fund 93% 

10. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include 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 a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2020 to September 30, 2020) for Investor Class and Institutional Premium Class and for the period (June 24, 2020 to September 30, 2020) for Premier Class. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2020 to September 30, 2020).

Actual Expenses

The first line of the accompanying table 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/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
 
Ending
Account Value
September 30, 2020 
Expenses Paid
During Period
 
Fidelity Freedom Index Income Fund     
Investor Class .12%    
Actual  $1,000.00 $1,074.20 $.62-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,073.60 $.42-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,023.70 $.16-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2005 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,089.40 $.63-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,089.50 $.42-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,028.70 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2010 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,113.20 $.64-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,114.10 $.42-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,036.50 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2015 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,137.90 $.64-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,138.20 $.43-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,044.30 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2020 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,160.40 $.65-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,160.60 $.43-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,051.70 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2025 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,178.10 $.66-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,178.90 $.44-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,057.60 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2030 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,203.90 $.66-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,204.70 $.44-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,065.20 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2035 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,243.50 $.67-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,243.50 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,077.20 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2040 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,265.60 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,265.00 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,084.50 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2045 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,265.80 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,265.10 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,084.80 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2050 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,266.00 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,266.00 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,084.60 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2055 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,265.10 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,265.00 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,084.60 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2060 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,265.30 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,266.30 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,084.60 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 
Fidelity Freedom Index 2065 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,265.20 $.68-B 
Hypothetical-C  $1,000.00 $1,024.47 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,266.50 $.45-B 
Hypothetical-C  $1,000.00 $1,024.67 $.41-D 
Premier Class .06%    
Actual  $1,000.00 $1,085.10 $.17-B 
Hypothetical-C  $1,000.00 $1,024.77 $.30-D 

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

 B Actual Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period) for Investor Class and Institutional Premium Class and multiplied by 99/365 (to reflect the period June 24, 2020 to September 30, 2020) for Premier Class. The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index Funds

At its May 2020 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the amended and restated management contract (the Amended Advisory Contract) with Fidelity Management & Research Company LLC (FMR) for each of the Fidelity Freedom Index funds to add the fee schedule for the new Premier Class of each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board noted that it previously received and considered materials relating to the nature, extent and quality of services provided by FMR, including the resources dedicated to investment management and support services, shareholder and administrative services, the benefits to shareholders of investment in a large fund family, and each fund's performance in connection with the annual renewal of each fund's current management contract (though the Board did not assign significant weight to the Freedom Index 2065 Fund as it had only recently commenced operations). At its September 2019 meeting, the Board concluded that the nature, extent and quality of the services provided to each fund under the existing management contract should benefit the fund's shareholders. The Board further noted that approval of the Amended Advisory Contract would not change each fund's investment processes, the level or nature of services provided, the resources and personnel allocated, trading and compliance operations, or any fees or expenses paid by the funds. The Board concluded that the nature, extent, and quality of services to be provided to each fund under the Amended Contract will continue to benefit the fund's shareholders.

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

Based on competitive mapped group data provided to the Board, the Board noted that the proposed management fee rate of the new Premier Class for each of the funds would rank below the median of its competitor funds. The Board considered that, under the contractual arrangements for the new Premier Class, the "class-level" management fee covers most expenses of the top-level fund and underlying funds, rather than just management services. For the total expense ratio, based on the same competitive mapped group data referenced above, the Board noted that the proposed total net expenses (including acquired fund fees and expenses for competitor funds) for the new Premier Class of each fund would rank below median as well. The Board further noted that the Amended Advisory Contracts would not result in changes to the nature, extent, and quality of the services provided to each fund.

Based on its review, the Board concluded that the management fee and the projected total expense ratio of the new Premier class for each fund were reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered that it previously reviewed information regarding the revenues earned, the expenses incurred by Fidelity in providing services to each fund (and the Series Funds in which each fund invests) and the level of Fidelity's profitability. At its September 2019 meeting, the Board concluded that it was satisfied that the profitability of Fidelity in connection with the operation of each fund was not excessive.

Economies of Scale.  The Board considered that it previously received and reviewed information regarding whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is a potential realization of any further economies of scale and that it concluded, at its September 2019 meeting, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity. The Board will continue to review economies of scale in connection with future renewals of the Amended Advisory Contract.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the Amended Advisory Contract for each of the funds should be approved.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index Funds

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

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

At its September 2020 meeting, the Board unanimously determined to renew each fund's Advisory Contract. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services provided by and the profits realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and are realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that, effective June 1, 2019, each fund had implemented a new fee structure whereby it pays an all-inclusive management fee that covers all operating expenses of the fund, subject to certain exceptions, and varies by class (unified fee) and the underlying Fidelity funds in which the fund invests (Series Funds) no longer pay expenses, with certain limited exceptions. The Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds previously formed a joint ad hoc committee to review the responsibilities of each board related to the consideration of the renewal of the Advisory Contracts for the funds, other funds that invest substantially all of their assets in Series Funds, and the Series Funds. The Board's deliberations were informed by the conclusions of such committee.

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

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

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the funds notwithstanding the severe disruptions caused by the COVID-19 pandemic.

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

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

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

Investment Performance (for each fund except Freedom Index® 2065 Fund).  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

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

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

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods. Due to the characteristics of the funds, no peer group performance information was considered by the Board. The Independent Trustees recognize that shareholders who are not investing through a tax-advantaged retirement account also consider tax consequences in evaluating performance.

Investment Performance (for Freedom Index® 2065 Fund).  The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. As the fund recently commenced operations, the Board did not believe that it was appropriate to assign significant weight to its limited investment performance.

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

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

Management Fee.  The Board noted that each fund's Advisory Contract, which imposes a class-level management fee that covers all operating expenses of the top-level fund and underlying funds, subject to certain exceptions, rather than just management services, went into effect on June 1, 2019, after receiving Board approval. The Board noted that the new pricing structure reduced the total expense ratio of Investor Class by 2 basis points and kept the total expense ratio of Institutional Premium Class at 8 basis points. The Board also noted that the new pricing structure provides for less fluctuation in fund expenses. As a result, the Board did not consider competitive management fee comparisons for prior years, when each fund did not pay a top-level management fee.

The Board considered two proprietary management fee comparisons. The group of Lipper funds used by the Board for management fee comparisons is referred to as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, also was considered by the Board. The information considered by the Board reflected the funds' fee structure effective June 1, 2019, as if it was in effect for the entire year.

The Board compared each fund's class-level management fee rate for the current fiscal year relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's class-level management fee rate ranks equal to or below the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's unified fee arrangement covers all operating expenses of the fund, subject to certain exceptions, and that the fee structures of the majority of peer funds do not include top-level management fees, similar to the fee structure in place for each fund prior to June 1, 2019. The Board also noted that the funds' total expense comparisons, which include the expenses of the Series Funds, facilitate better comparisons with funds and classes that use different expense structures and that, when compared to the total expenses of their load-type competitors, including acquired fund fees and expenses, all classes of the funds rank below their respective load types.

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

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's class-level management fee rate under the Advisory Contracts. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the unified fee arrangement. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2019. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the total expense ratio of each class of each fund ranked below the competitive median for 2019.

The Board considered that current contractual arrangements for the fund oblige FMR to pay all "class-level" expenses of each of Investor Class, Institutional Premium Class, and Premier Class of each fund to the extent necessary to limit total operating expenses, with certain exceptions, as follows: 0.12%, 0.08%, and 0.06%. These contractual arrangements may not be amended to increase the fees or expenses payable except by a vote of a majority of the Board.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and the Series Funds in which each fund invests and in servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

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

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund, including the conclusions of the PFOB Committee, and was satisfied that the profitability was not excessive.

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

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

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation agreements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and outflows from actively managed equity funds; and (viii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

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





Fidelity Investments

FRX-SANN-1120
1.899267.110




Fidelity Freedom® Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065

















Semi-Annual Report

September 30, 2020

Fidelity Investments
See the inside front cover for important information about access to your fund’s shareholder reports.


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

Note to Shareholders

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

Fidelity Freedom® 2065 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


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

You may also call 1-800-544-8544 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. © 2020 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Fidelity Freedom® Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 38.5 
Fidelity Series Government Money Market Fund 0.16% 19.0 
Fidelity Series Inflation-Protected Bond Index Fund 12.0 
Fidelity Series Emerging Markets Opportunities Fund 6.3 
Fidelity Series Short-Term Credit Fund 4.7 
Fidelity Series Commodity Strategy Fund 2.4 
Fidelity Series Long-Term Treasury Bond Index Fund 2.3 
Fidelity Series International Growth Fund 1.5 
Fidelity Series Overseas Fund 1.5 
Fidelity Series International Value Fund 1.4 
 89.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 8.9% 
   International Equity Funds 12.3% 
   Bond Funds 54.7% 
   Short-Term Funds 24.1% 


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

Fidelity Freedom® Income Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 10/22/20 to 12/10/20 (a)   
(Cost $1,169,794) 1,170,000 1,169,817 
 Shares Value 
Domestic Equity Funds - 8.9%   
Fidelity Series All-Sector Equity Fund (b) 802,860 $8,550,458 
Fidelity Series Blue Chip Growth Fund (b) 825,860 13,634,947 
Fidelity Series Commodity Strategy Fund (b) 19,200,928 79,875,862 
Fidelity Series Growth Company Fund (b) 1,472,558 38,595,748 
Fidelity Series Intrinsic Opportunities Fund (b) 2,177,668 34,450,708 
Fidelity Series Large Cap Stock Fund (b) 1,739,184 24,626,842 
Fidelity Series Large Cap Value Index Fund (b) 918,543 10,655,103 
Fidelity Series Opportunistic Insights Fund (b) 919,476 19,888,275 
Fidelity Series Small Cap Discovery Fund (b) 340,127 3,438,682 
Fidelity Series Small Cap Opportunities Fund (b) 913,022 11,650,155 
Fidelity Series Stock Selector Large Cap Value Fund (b) 2,282,649 25,109,138 
Fidelity Series Value Discovery Fund (b) 1,552,052 19,183,362 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $232,428,389)  289,659,280 
International Equity Funds - 12.3%   
Fidelity Series Canada Fund (b) 1,550,966 15,866,378 
Fidelity Series Emerging Markets Fund (b) 2,371,118 22,359,646 
Fidelity Series Emerging Markets Opportunities Fund (b) 9,873,549 207,147,051 
Fidelity Series International Growth Fund (b) 2,536,134 47,628,592 
Fidelity Series International Small Cap Fund (b) 813,691 14,483,703 
Fidelity Series International Value Fund (b) 5,428,377 46,792,613 
Fidelity Series Overseas Fund (b) 4,229,723 47,288,301 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $312,605,220)  401,566,284 
Bond Funds - 54.7%   
Fidelity Series Emerging Markets Debt Fund (b) 2,378,630 21,550,384 
Fidelity Series Floating Rate High Income Fund (b) 438,625 3,881,827 
Fidelity Series High Income Fund (b) 2,470,652 22,532,345 
Fidelity Series Inflation-Protected Bond Index Fund (b) 36,514,429 390,704,390 
Fidelity Series International Credit Fund (b) 212,172 2,208,714 
Fidelity Series Investment Grade Bond Fund (b) 102,548,878 1,255,198,264 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 7,204,468 74,422,156 
Fidelity Series Real Estate Income Fund (b) 1,460,271 14,573,506 
TOTAL BOND FUNDS   
(Cost $1,597,778,275)  1,785,071,586 
Short-Term Funds - 24.1%   
Fidelity Cash Central Fund 0.10% (c) 11,362,607 11,364,880 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 619,914,457 619,914,457 
Fidelity Series Short-Term Credit Fund (b) 15,101,657 154,791,983 
TOTAL SHORT-TERM FUNDS   
(Cost $781,779,046)  786,071,320 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,925,760,724)  3,263,538,287 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (143,920) 
NET ASSETS - 100%  $3,263,394,367 

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) 30 Dec. 2020 $2,779,800 $(14,660) $(14,659) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 12 Dec. 2020 2,011,200 (13,130) (13,130) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2020 380,975 (78) (78) 
TOTAL SOLD     (13,208) 
TOTAL FUTURES CONTRACTS     $(27,867) 

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 0.1%

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 $1,169,817.

 (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 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 $7,206 
Total $7,206 

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 All-Sector Equity Fund $6,494,951 $102,443 $343,657 $-- $12,627 $2,284,094 $8,550,458 
Fidelity Series Blue Chip Growth Fund 11,105,865 3,737,467 4,437,519 3,557,336 350,390 2,878,744 13,634,947 
Fidelity Series Canada Fund 11,827,329 2,959,476 2,227,557 -- (296,427) 3,603,557 15,866,378 
Fidelity Series Commodity Strategy Fund 102,478,570 2,264,563 35,567,095 342,127 (9,980,786) 20,680,610 79,875,862 
Fidelity Series Emerging Markets Debt Fund 19,329,709 819,510 968,859 561,228 35,146 2,334,878 21,550,384 
Fidelity Series Emerging Markets Fund 12,565,775 6,744,053 2,137,331 -- (18,504) 5,205,653 22,359,646 
Fidelity Series Emerging Markets Opportunities Fund 120,401,548 62,866,773 27,406,289 -- 1,956,128 49,328,891 207,147,051 
Fidelity Series Floating Rate High Income Fund 3,609,083 148,316 234,401 85,829 (18,520) 377,349 3,881,827 
Fidelity Series Government Money Market Fund 0.16% 649,056,601 52,998,462 82,140,606 753,619 -- -- 619,914,457 
Fidelity Series Growth Company Fund 24,466,624 404,121 2,432,906 -- 1,170,944 14,986,965 38,595,748 
Fidelity Series High Income Fund 20,608,019 921,023 1,172,008 608,584 (29,070) 2,204,381 22,532,345 
Fidelity Series Inflation-Protected Bond Index Fund 376,040,169 18,962,118 27,035,919 311,888 287,762 22,450,260 390,704,390 
Fidelity Series International Credit Fund 1,998,296 31,055 -- 31,056 -- 179,363 2,208,714 
Fidelity Series International Growth Fund 62,652,637 1,033,776 30,529,563 -- 11,558,862 2,912,880 47,628,592 
Fidelity Series International Small Cap Fund 15,102,598 176,190 4,975,046 -- 885,767 3,294,194 14,483,703 
Fidelity Series International Value Fund 52,704,333 1,481,330 16,850,247 -- (1,686,278) 11,143,475 46,792,613 
Fidelity Series Intrinsic Opportunities Fund 22,167,449 7,805,548 1,385,637 444,451 90,351 5,772,997 34,450,708 
Fidelity Series Investment Grade Bond Fund 1,201,348,763 63,248,588 81,607,127 16,089,202 926,399 71,281,641 1,255,198,264 
Fidelity Series Large Cap Stock Fund 19,031,854 3,425,275 1,218,948 785,077 141,981 3,246,680 24,626,842 
Fidelity Series Large Cap Value Index Fund 5,327,585 6,077,890 1,563,738 -- (58,302) 871,668 10,655,103 
Fidelity Series Long-Term Treasury Bond Index Fund 78,105,731 8,956,189 10,319,668 1,971,461 1,442,515 (3,762,611) 74,422,156 
Fidelity Series Opportunistic Insights Fund 14,481,203 207,828 691,204 -- 219,763 5,670,685 19,888,275 
Fidelity Series Overseas Fund 47,455,129 6,856,272 20,472,786 -- (1,107,365) 14,557,051 47,288,301 
Fidelity Series Real Estate Income Fund 12,389,359 660,921 734,654 464,931 (64,731) 2,322,611 14,573,506 
Fidelity Series Short-Term Credit Fund 148,318,154 1,706,496 769,580 1,683,836 (9,055) 5,545,968 154,791,983 
Fidelity Series Small Cap Discovery Fund 2,485,329 250,787 175,090 9,289 (11,454) 889,110 3,438,682 
Fidelity Series Small Cap Opportunities Fund 7,816,087 2,343,502 703,059 70,297 63,337 2,130,288 11,650,155 
Fidelity Series Stock Selector Large Cap Value Fund 14,482,220 12,571,618 4,954,545 -- (217,831) 3,227,676 25,109,138 
Fidelity Series Value Discovery Fund 10,290,283 9,669,385 3,214,984 -- (131,847) 2,570,525 19,183,362 
 $3,074,141,253 $279,430,975 $366,270,023 $27,770,211 $5,511,802 $258,189,583 $3,251,003,590 

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 September 30, 2020, 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 $1,169,817 $-- $1,169,817 $-- 
Domestic Equity Funds 289,659,280 289,659,280 -- -- 
International Equity Funds 401,566,284 401,566,284 -- -- 
Bond Funds 1,785,071,586 1,785,071,586 -- -- 
Short-Term Funds 786,071,320 786,071,320 -- -- 
Total Investments in Securities: $3,263,538,287 $3,262,368,470 $1,169,817 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(27,867) $(27,867) $-- $-- 
Total Liabilities $(27,867) $(27,867) $-- $-- 
Total Derivative Instruments: $(27,867) $(27,867) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(27,867) 
Total Equity Risk (27,867) 
Total Value of Derivatives $0 $(27,867) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,169,794) 
$1,169,817  
Fidelity Central Funds (cost $11,365,369) 11,364,880  
Other affiliated issuers (cost $2,913,225,561) 3,251,003,590  
Total Investment in Securities (cost $2,925,760,724)  $3,263,538,287 
Receivable for investments sold  27,678,148 
Receivable for fund shares sold  957,066 
Distributions receivable from Fidelity Central Funds  1,060 
Total assets  3,292,174,561 
Liabilities   
Payable for investments purchased $24,486,699  
Payable for fund shares redeemed 2,997,132  
Accrued management fee 1,208,976  
Payable for daily variation margin on futures contracts 87,387  
Total liabilities  28,780,194 
Net Assets  $3,263,394,367 
Net Assets consist of:   
Paid in capital  $2,918,135,760 
Total accumulated earnings (loss)  345,258,607 
Net Assets  $3,263,394,367 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($1,959,363,071 ÷ 163,565,319 shares)  $11.98 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,083,198,407 ÷ 90,580,185 shares)  $11.96 
Class K6:   
Net Asset Value, offering price and redemption price per share ($220,832,889 ÷ 18,472,518 shares)  $11.95 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $22,190,517 
Interest  2,314 
Income from Fidelity Central Funds  7,206 
Total income  22,200,037 
Expenses   
Management fee $7,092,983  
Independent trustees' fees and expenses 4,478  
Total expenses before reductions 7,097,461  
Expense reductions (131)  
Total expenses after reductions  7,097,330 
Net investment income (loss)  15,102,707 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (605)  
Other affiliated issuers 5,511,802  
Futures contracts (750,174)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,579,694  
Total net realized gain (loss)  10,340,717 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,297)  
Fidelity Central Funds (530)  
Other affiliated issuers 258,189,583  
Futures contracts (27,867)  
Total change in net unrealized appreciation (depreciation)  258,159,889 
Net gain (loss)  268,500,606 
Net increase (decrease) in net assets resulting from operations  $283,603,313 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $15,102,707 $64,598,171 
Net realized gain (loss) 10,340,717 74,358,386 
Change in net unrealized appreciation (depreciation) 258,159,889 (97,093,752) 
Net increase (decrease) in net assets resulting from operations 283,603,313 41,862,805 
Distributions to shareholders (56,048,579) (122,580,496) 
Share transactions - net increase (decrease) (51,467,828) (214,194,891) 
Total increase (decrease) in net assets 176,086,906 (294,912,582) 
Net Assets   
Beginning of period 3,087,307,461 3,382,220,043 
End of period $3,263,394,367 $3,087,307,461 

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


Financial Highlights

Fidelity Freedom Income Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.15 $11.44 $11.69 $11.57 $11.26 $11.75 
Income from Investment Operations       
Net investment income (loss)A .05 .22 .23 .18 .19 .21 
Net realized and unrealized gain (loss) .98 (.09) .11 .38 .49 (.27) 
Total from investment operations 1.03 .13 .34 .56 .68 (.06) 
Distributions from net investment income (.06) (.23) (.23) (.19) (.20)B (.21) 
Distributions from net realized gain (.15) (.20) (.36) (.25) (.17)B (.22) 
Total distributions (.20)C (.42)C (.59) (.44) (.37) (.43) 
Net asset value, end of period $11.98 $11.15 $11.44 $11.69 $11.57 $11.26 
Total ReturnD,E 9.36% 1.05% 3.08% 4.86% 6.16% (.45)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .47%H .47% .46%I .39% - %J - %J 
Expenses net of fee waivers, if any .47%H .47% .46%I .39% -% -% 
Expenses net of all reductions .47%H .47% .46%I .39% -% -% 
Net investment income (loss) .92%H 1.90% 2.02% 1.57% 1.70% 1.86% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,959,363 $1,839,153 $1,978,263 $2,111,741 $2,137,752 $2,184,994 
Portfolio turnover rateK 17%H 17% 22% 17%L 31% 20% 

 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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Income Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.13 $11.42 $11.68 $11.76 
Income from Investment Operations     
Net investment income (loss)B .06 .23 .24 .19 
Net realized and unrealized gain (loss) .98 (.09) .09 .05 
Total from investment operations 1.04 .14 .33 .24 
Distributions from net investment income (.06) (.23) (.24) (.16) 
Distributions from net realized gain (.15) (.20) (.36) (.17) 
Total distributions (.21) (.43) (.59)C (.32)C 
Net asset value, end of period $11.96 $11.13 $11.42 $11.68 
Total ReturnD,E 9.42% 1.12% 3.04% 2.06% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .42%H .41% .41%I .42%H 
Expenses net of fee waivers, if any .42%H .41% .41%I .42%H 
Expenses net of all reductions .42%H .41% .41%I .42%H 
Net investment income (loss) .97%H 1.95% 2.07% 2.32%H 
Supplemental Data     
Net assets, end of period (000 omitted) $1,083,198 $1,048,404 $1,236,535 $1,568,576 
Portfolio turnover rateJ 17%H 17% 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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.13 $11.42 $11.68 $11.68 
Income from Investment Operations     
Net investment income (loss)B .06 .23 .24 .18 
Net realized and unrealized gain (loss) .97 (.08) .11 .15 
Total from investment operations 1.03 .15 .35 .33 
Distributions from net investment income (.06) (.24) (.25) (.17) 
Distributions from net realized gain (.15) (.20) (.36) (.17) 
Total distributions (.21) (.44) (.61) (.33)C 
Net asset value, end of period $11.95 $11.13 $11.42 $11.68 
Total ReturnD,E 9.35% 1.18% 3.16% 2.86% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .37%H .37% .37% .37%H 
Expenses net of fee waivers, if any .37%H .37% .37% .37%H 
Expenses net of all reductions .37%H .37% .37% .37%H 
Net investment income (loss) 1.02%H 2.00% 2.12% 1.91%H 
Supplemental Data     
Net assets, end of period (000 omitted) $220,833 $199,750 $167,422 $39,253 
Portfolio turnover rateI 17%H 17% 22% 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 Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 36.7 
Fidelity Series Government Money Market Fund 0.16% 17.2 
Fidelity Series Inflation-Protected Bond Index Fund 11.1 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Commodity Strategy Fund 2.4 
Fidelity Series Long-Term Treasury Bond Index Fund 2.3 
Fidelity Series International Growth Fund 1.9 
Fidelity Series Overseas Fund 1.9 
Fidelity Series International Value Fund 1.8 
 86.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 12.1% 
   International Equity Funds 14.4% 
   Bond Funds 52.0% 
   Short-Term Funds 21.4% 
   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 September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.09% to 0.11% 11/5/20 to 12/3/20 (a)   
(Cost $1,219,787) 1,220,000 1,219,790 
 Shares Value 
Domestic Equity Funds - 12.1%   
Fidelity Series All-Sector Equity Fund (b) 398,816 $4,247,387 
Fidelity Series Blue Chip Growth Fund (b) 392,481 6,479,862 
Fidelity Series Commodity Strategy Fund (b) 6,092,288 25,343,916 
Fidelity Series Growth Company Fund (b) 631,002 16,538,563 
Fidelity Series Intrinsic Opportunities Fund (b) 1,046,277 16,552,109 
Fidelity Series Large Cap Stock Fund (b) 969,530 13,728,546 
Fidelity Series Large Cap Value Index Fund (b) 437,154 5,070,990 
Fidelity Series Opportunistic Insights Fund (b) 456,515 9,874,414 
Fidelity Series Small Cap Discovery Fund (b) 176,775 1,787,195 
Fidelity Series Small Cap Opportunities Fund (b) 445,500 5,684,585 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,086,305 11,949,352 
Fidelity Series Value Discovery Fund (b) 738,590 9,128,974 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $99,731,755)  126,385,893 
International Equity Funds - 14.4%   
Fidelity Series Canada Fund (b) 638,565 6,532,517 
Fidelity Series Emerging Markets Fund (b) 829,187 7,819,234 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,417,910 71,707,762 
Fidelity Series International Growth Fund (b) 1,043,787 19,602,319 
Fidelity Series International Small Cap Fund (b) 334,843 5,960,203 
Fidelity Series International Value Fund (b) 2,207,116 19,025,342 
Fidelity Series Overseas Fund (b) 1,740,896 19,463,217 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $118,729,044)  150,110,594 
Bond Funds - 52.0%   
Fidelity Series Emerging Markets Debt Fund (b) 749,898 6,794,074 
Fidelity Series Floating Rate High Income Fund (b) 185,073 1,637,895 
Fidelity Series High Income Fund (b) 795,695 7,256,738 
Fidelity Series Inflation-Protected Bond Index Fund (b) 10,809,525 115,661,914 
Fidelity Series International Credit Fund (b) 57,794 601,635 
Fidelity Series Investment Grade Bond Fund (b) 31,312,845 383,269,229 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,307,682 23,838,357 
Fidelity Series Real Estate Income Fund (b) 464,539 4,636,095 
TOTAL BOND FUNDS   
(Cost $504,564,286)  543,695,937 
Short-Term Funds - 21.4%   
Fidelity Cash Central Fund 0.10% (c) 2,337,457 2,337,925 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 180,172,130 180,172,130 
Fidelity Series Short-Term Credit Fund (b) 4,063,811 41,654,066 
TOTAL SHORT-TERM FUNDS   
(Cost $223,087,039)  224,164,121 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $947,331,911)  1,045,576,335 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (16,733) 
NET ASSETS - 100%  $1,045,559,602 

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) Dec. 2020 $741,280 $(7,639) $(7,638) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2020 272,125 (112) (112) 
TOTAL PURCHASED     (7,750) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 13 Dec. 2020 2,178,800 (14,224) (14,224) 
TOTAL FUTURES CONTRACTS     $(21,974) 

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 0.2%

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 $894,847.

 (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 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 $2,042 
Total $2,042 

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 All-Sector Equity Fund $3,341,429 $167,742 $409,894 $-- $(60,468) $1,208,578 $4,247,387 
Fidelity Series Blue Chip Growth Fund 5,848,737 1,736,850 3,117,652 1,443,750 1,083,882 928,045 6,479,862 
Fidelity Series Canada Fund 4,425,852 1,461,686 659,494 -- (55,281) 1,359,754 6,532,517 
Fidelity Series Commodity Strategy Fund 31,075,670 1,192,118 10,289,160 109,015 (4,630,943) 7,996,231 25,343,916 
Fidelity Series Emerging Markets Debt Fund 5,874,966 456,155 268,028 173,911 5,809 725,172 6,794,074 
Fidelity Series Emerging Markets Fund 4,422,703 2,326,076 732,419 -- (6,763) 1,809,637 7,819,234 
Fidelity Series Emerging Markets Opportunities Fund 41,341,535 21,528,169 8,935,488 -- 470,390 17,303,156 71,707,762 
Fidelity Series Floating Rate High Income Fund 1,452,141 103,718 64,845 35,433 (1,185) 148,066 1,637,895 
Fidelity Series Government Money Market Fund 0.16% 175,058,964 28,692,010 23,578,844 208,709 -- -- 180,172,130 
Fidelity Series Growth Company Fund 12,367,976 650,497 4,750,472 -- 2,508,648 5,761,914 16,538,563 
Fidelity Series High Income Fund 6,364,947 533,608 324,228 192,184 1,321 681,090 7,256,738 
Fidelity Series Inflation-Protected Bond Index Fund 104,045,608 11,447,428 6,300,850 88,698 55,873 6,413,855 115,661,914 
Fidelity Series International Credit Fund 544,319 8,459 -- 8,459 -- 48,857 601,635 
Fidelity Series International Growth Fund 24,530,106 830,474 11,542,246 -- 3,681,097 2,102,888 19,602,319 
Fidelity Series International Small Cap Fund 5,821,515 254,806 1,793,154 -- 249,871 1,427,165 5,960,203 
Fidelity Series International Value Fund 20,154,683 1,100,580 6,036,563 -- (944,051) 4,750,693 19,025,342 
Fidelity Series Intrinsic Opportunities Fund 12,720,680 1,334,287 648,255 225,635 22,828 3,122,569 16,552,109 
Fidelity Series Investment Grade Bond Fund 347,158,396 39,323,101 24,304,716 4,767,206 (10,175) 21,102,623 383,269,229 
Fidelity Series Large Cap Stock Fund 11,191,527 1,085,910 566,086 474,629 11,149 2,006,046 13,728,546 
Fidelity Series Large Cap Value Index Fund 3,132,969 1,972,430 597,959 -- (20,189) 583,739 5,070,990 
Fidelity Series Long-Term Treasury Bond Index Fund 23,764,173 3,989,730 3,191,374 607,362 425,528 (1,149,700) 23,838,357 
Fidelity Series Opportunistic Insights Fund 6,975,934 341,979 316,619 -- 14,439 2,858,681 9,874,414 
Fidelity Series Overseas Fund 18,649,964 2,816,858 7,371,486 -- (397,245) 5,765,126 19,463,217 
Fidelity Series Real Estate Income Fund 3,778,313 359,746 203,181 145,789 1,450 699,767 4,636,095 
Fidelity Series Short-Term Credit Fund 39,788,012 619,584 243,800 453,096 (1,721) 1,491,991 41,654,066 
Fidelity Series Small Cap Discovery Fund 1,388,092 80,925 167,447 4,992 3,638 481,987 1,787,195 
Fidelity Series Small Cap Opportunities Fund 4,596,747 286,668 344,783 34,037 (4,745) 1,150,698 5,684,585 
Fidelity Series Stock Selector Large Cap Value Fund 8,517,312 3,641,950 1,972,393 -- (77,469) 1,839,952 11,949,352 
Fidelity Series Value Discovery Fund 6,051,852 2,898,650 1,245,092 -- (41,432) 1,464,996 9,128,974 
 $934,385,122 $131,242,194 $119,976,528 $8,972,905 $2,284,256 $94,083,576 $1,042,018,620 

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 September 30, 2020, 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 $1,219,790 $-- $1,219,790 $-- 
Domestic Equity Funds 126,385,893 126,385,893 -- -- 
International Equity Funds 150,110,594 150,110,594 -- -- 
Bond Funds 543,695,937 543,695,937 -- -- 
Short-Term Funds 224,164,121 224,164,121 -- -- 
Total Investments in Securities: $1,045,576,335 $1,044,356,545 $1,219,790 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(21,974) $(21,974) $-- $-- 
Total Liabilities $(21,974) $(21,974) $-- $-- 
Total Derivative Instruments: $(21,974) $(21,974) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(21,974) 
Total Equity Risk (21,974) 
Total Value of Derivatives $0 $(21,974) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,219,787) 
$1,219,790  
Fidelity Central Funds (cost $2,337,925) 2,337,925  
Other affiliated issuers (cost $943,774,199) 1,042,018,620  
Total Investment in Securities (cost $947,331,911)  $1,045,576,335 
Cash  35,141 
Receivable for investments sold  10,151,038 
Receivable for fund shares sold  1,050,379 
Distributions receivable from Fidelity Central Funds  218 
Total assets  1,056,813,111 
Liabilities   
Payable for investments purchased $10,243,560  
Payable for fund shares redeemed 593,602  
Accrued management fee 382,470  
Payable for daily variation margin on futures contracts 33,877  
Total liabilities  11,253,509 
Net Assets  $1,045,559,602 
Net Assets consist of:   
Paid in capital  $941,840,486 
Total accumulated earnings (loss)  103,719,116 
Net Assets  $1,045,559,602 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($585,394,043 ÷ 45,916,801 shares)  $12.75 
Class K:   
Net Asset Value, offering price and redemption price per share ($375,915,264 ÷ 29,531,705 shares)  $12.73 
Class K6:   
Net Asset Value, offering price and redemption price per share ($84,250,295 ÷ 6,630,992 shares)  $12.71 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $6,783,228 
Interest  1,042 
Income from Fidelity Central Funds  2,042 
Total income  6,786,312 
Expenses   
Management fee $2,212,601  
Independent trustees' fees and expenses 1,382  
Total expenses before reductions 2,213,983  
Expense reductions (102)  
Total expenses after reductions  2,213,881 
Net investment income (loss)  4,572,431 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (272)  
Other affiliated issuers 2,284,256  
Futures contracts (372,017)  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,189,677  
Total net realized gain (loss)  4,101,644 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (685)  
Fidelity Central Funds (42)  
Other affiliated issuers 94,083,576  
Futures contracts (21,974)  
Total change in net unrealized appreciation (depreciation)  94,060,875 
Net gain (loss)  98,162,519 
Net increase (decrease) in net assets resulting from operations  $102,734,950 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,572,431 $18,665,641 
Net realized gain (loss) 4,101,644 25,639,455 
Change in net unrealized appreciation (depreciation) 94,060,875 (42,129,928) 
Net increase (decrease) in net assets resulting from operations 102,734,950 2,175,168 
Distributions to shareholders (15,998,424) (44,000,478) 
Share transactions - net increase (decrease) 20,502,958 18,264,976 
Total increase (decrease) in net assets 107,239,484 (23,560,334) 
Net Assets   
Beginning of period 938,320,118 961,880,452 
End of period $1,045,559,602 $938,320,118 

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


Financial Highlights

Fidelity Freedom 2005 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.68 $12.20 $12.50 $12.20 $11.66 $12.24 
Income from Investment Operations       
Net investment income (loss)A .05 .23 .24 .19 .20 .22 
Net realized and unrealized gain (loss) 1.22 (.19) .11 .59 .71 (.34) 
Total from investment operations 1.27 .04 .35 .78 .91 (.12) 
Distributions from net investment income (.03) (.24) (.24) (.18) (.22)B (.22) 
Distributions from net realized gain (.17) (.31) (.41) (.30) (.15)B (.23) 
Total distributions (.20) (.56)C (.65) (.48) (.37) (.46)C 
Net asset value, end of period $12.75 $11.68 $12.20 $12.50 $12.20 $11.66 
Total ReturnD,E 10.97% .12% 3.03% 6.43% 7.91% (1.01)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .46%H,I .47% .48% .41% - %J - %J 
Expenses net of fee waivers, if any .46%H,I .47% .48% .41% -% -% 
Expenses net of all reductions .46%H,I .47% .48% .41% -% -% 
Net investment income (loss) .88%H 1.89% 1.98% 1.52% 1.70% 1.87% 
Supplemental Data       
Net assets, end of period (000 omitted) $585,394 $530,872 $563,036 $590,056 $583,754 $580,726 
Portfolio turnover rateK 24%H 24% 26% 23%L 31% 22% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.66 $12.18 $12.49 $12.48 
Income from Investment Operations     
Net investment income (loss)B .06 .24 .25 .21 
Net realized and unrealized gain (loss) 1.21 (.19) .10 .15 
Total from investment operations 1.27 .05 .35 .36 
Distributions from net investment income (.04) (.25) (.24) (.16) 
Distributions from net realized gain (.17) (.31) (.41) (.19) 
Total distributions (.20)C (.57)C (.66)C (.35) 
Net asset value, end of period $12.73 $11.66 $12.18 $12.49 
Total ReturnD,E 11.02% .18% 3.00% 2.89% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .41%H,I .42% .43% .44%H 
Expenses net of fee waivers, if any .41%H,I .42% .43% .44%H 
Expenses net of all reductions .41%H,I .42% .43% .44%H 
Net investment income (loss) .93%H 1.94% 2.03% 2.37%H 
Supplemental Data     
Net assets, end of period (000 omitted) $375,915 $338,902 $357,174 $422,622 
Portfolio turnover rateJ 24%H 24% 26% 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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.64 $12.17 $12.49 $12.36 
Income from Investment Operations     
Net investment income (loss)B .06 .25 .25 .20 
Net realized and unrealized gain (loss) 1.21 (.20) .11 .29 
Total from investment operations 1.27 .05 .36 .49 
Distributions from net investment income (.04) (.27) (.27) (.16) 
Distributions from net realized gain (.17) (.31) (.41) (.19) 
Total distributions (.20)C (.58) (.68) (.36)C 
Net asset value, end of period $12.71 $11.64 $12.17 $12.49 
Total ReturnD,E 11.05% .22% 3.15% 3.92% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .36%H,I .37% .38%I .38%H 
Expenses net of fee waivers, if any .36%H,I .37% .38%I .38%H 
Expenses net of all reductions .36%H,I .37% .38%I .38%H 
Net investment income (loss) .98%H 1.99% 2.08% 1.93%H 
Supplemental Data     
Net assets, end of period (000 omitted) $84,250 $68,546 $41,670 $9,983 
Portfolio turnover rateJ 24%H 24% 26% 23%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 Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 33.1 
Fidelity Series Government Money Market Fund 0.16% 13.5 
Fidelity Series Inflation-Protected Bond Index Fund 9.6 
Fidelity Series Emerging Markets Opportunities Fund 7.7 
Fidelity Series Short-Term Credit Fund 3.3 
Fidelity Series Intrinsic Opportunities Fund 2.6 
Fidelity Series International Growth Fund 2.6 
Fidelity Series Overseas Fund 2.6 
Fidelity Series International Value Fund 2.5 
Fidelity Series Commodity Strategy Fund 2.5 
 80.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 18.0% 
   International Equity Funds 18.0% 
   Bond Funds 46.9% 
   Short-Term Funds 17.0% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2010 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 (a)   
(Cost $4,979,097) 4,980,000 4,979,129 
 Shares Value 
Domestic Equity Funds - 18.0%   
Fidelity Series All-Sector Equity Fund (b) 3,411,827 $36,335,960 
Fidelity Series Blue Chip Growth Fund (b) 3,179,777 52,498,124 
Fidelity Series Commodity Strategy Fund (b) 32,661,732 135,872,807 
Fidelity Series Growth Company Fund (b) 5,111,454 133,971,216 
Fidelity Series Intrinsic Opportunities Fund (b) 8,853,039 140,055,080 
Fidelity Series Large Cap Stock Fund (b) 8,205,702 116,192,742 
Fidelity Series Large Cap Value Index Fund (b) 3,543,555 41,105,238 
Fidelity Series Opportunistic Insights Fund (b) 3,600,716 77,883,484 
Fidelity Series Small Cap Discovery Fund (b) 1,432,910 14,486,720 
Fidelity Series Small Cap Opportunities Fund (b) 3,749,260 47,840,561 
Fidelity Series Stock Selector Large Cap Value Fund (b) 8,804,412 96,848,527 
Fidelity Series Value Discovery Fund (b) 5,985,904 73,985,774 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $725,138,277)  967,076,233 
International Equity Funds - 18.0%   
Fidelity Series Canada Fund (b) 4,587,672 46,931,886 
Fidelity Series Emerging Markets Fund (b) 5,000,478 47,154,507 
Fidelity Series Emerging Markets Opportunities Fund (b) 19,873,722 416,950,691 
Fidelity Series International Growth Fund (b) 7,392,075 138,823,176 
Fidelity Series International Small Cap Fund (b) 2,414,741 42,982,387 
Fidelity Series International Value Fund (b) 15,927,919 137,298,661 
Fidelity Series Overseas Fund (b) 12,399,263 138,623,760 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $750,532,480)  968,765,068 
Bond Funds - 46.9%   
Fidelity Series Emerging Markets Debt Fund (b) 3,777,114 34,220,655 
Fidelity Series Floating Rate High Income Fund (b) 815,665 7,218,639 
Fidelity Series High Income Fund (b) 4,025,981 36,716,944 
Fidelity Series Inflation-Protected Bond Index Fund (b) 48,000,081 513,600,866 
Fidelity Series International Credit Fund (b) 388,912 4,048,572 
Fidelity Series Investment Grade Bond Fund (b) 145,570,272 1,781,780,131 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 11,860,669 122,520,711 
Fidelity Series Real Estate Income Fund (b) 2,330,416 23,257,547 
TOTAL BOND FUNDS   
(Cost $2,333,130,209)  2,523,364,065 
Short-Term Funds - 17.0%   
Fidelity Cash Central Fund 0.10% (c) 10,886,218 10,888,395 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 723,111,016 723,111,016 
Fidelity Series Short-Term Credit Fund (b) 17,444,009 178,801,088 
TOTAL SHORT-TERM FUNDS   
(Cost $908,088,242)  912,800,499 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,721,868,305)  5,376,984,994 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (451,958) 
NET ASSETS - 100%  $5,376,533,036 

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) 170 Dec. 2020 $28,492,000 $(186,002) $(186,002) 

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

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 $4,979,129.

 (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 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 $9,378 
Total $9,378 

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 All-Sector Equity Fund $28,032,741 $72,553 $1,646,510 $-- $(189,621) $10,066,797 $36,335,960 
Fidelity Series Blue Chip Growth Fund 51,035,732 10,943,814 29,572,510 10,809,425 14,593,469 5,497,619 52,498,124 
Fidelity Series Canada Fund 33,241,204 9,220,573 4,922,894 -- (384,219) 9,777,222 46,931,886 
Fidelity Series Commodity Strategy Fund 164,179,523 868,187 46,597,126 589,153 (17,956,468) 35,378,691 135,872,807 
Fidelity Series Emerging Markets Debt Fund 31,151,273 975,378 1,734,697 900,519 (13,802) 3,842,503 34,220,655 
Fidelity Series Emerging Markets Fund 27,945,598 11,551,802 3,372,425 -- 1,325 11,028,207 47,154,507 
Fidelity Series Emerging Markets Opportunities Fund 262,352,741 93,780,792 47,769,779 -- 3,120,960 105,465,977 416,950,691 
Fidelity Series Floating Rate High Income Fund 6,783,903 179,213 419,684 161,104 (43,951) 719,158 7,218,639 
Fidelity Series Government Money Market Fund 0.16% 768,710,755 92,619,979 138,219,718 869,124 -- -- 723,111,016 
Fidelity Series Growth Company Fund 106,586,738 207,266 42,535,363 -- 25,554,823 44,157,752 133,971,216 
Fidelity Series High Income Fund 34,118,548 1,093,616 2,098,425 1,003,060 (3,604) 3,606,809 36,716,944 
Fidelity Series Inflation-Protected Bond Index Fund 474,487,500 44,910,199 35,099,386 401,462 435,251 28,867,302 513,600,866 
Fidelity Series International Credit Fund 3,662,875 56,926 -- 56,926 -- 328,771 4,048,572 
Fidelity Series International Growth Fund 171,093,288 1,892,979 74,903,053 -- 27,918,050 12,821,912 138,823,176 
Fidelity Series International Small Cap Fund 39,888,556 286,333 9,034,767 -- 1,641,261 10,201,004 42,982,387 
Fidelity Series International Value Fund 142,840,532 3,305,973 35,957,715 -- (6,188,593) 33,298,464 137,298,661 
Fidelity Series Intrinsic Opportunities Fund 116,681,353 2,224,282 6,855,524 1,924,054 1,478,853 26,526,116 140,055,080 
Fidelity Series Investment Grade Bond Fund 1,671,514,483 159,785,747 149,822,584 22,584,562 542,026 99,760,459 1,781,780,131 
Fidelity Series Large Cap Stock Fund 102,370,926 4,453,109 8,896,824 4,193,149 1,120,481 17,145,050 116,192,742 
Fidelity Series Large Cap Value Index Fund 28,049,838 11,016,498 3,262,787 -- (72,025) 5,373,714 41,105,238 
Fidelity Series Long-Term Treasury Bond Index Fund 123,188,090 21,172,164 18,051,058 3,206,734 1,636,656 (5,425,141) 122,520,711 
Fidelity Series Opportunistic Insights Fund 57,705,687 149,923 3,336,238 -- 1,526,576 21,837,536 77,883,484 
Fidelity Series Overseas Fund 134,768,955 11,488,279 45,631,503 -- (2,950,795) 40,948,824 138,623,760 
Fidelity Series Real Estate Income Fund 20,106,049 804,394 1,315,005 747,653 (64,548) 3,726,657 23,257,547 
Fidelity Series Short-Term Credit Fund 171,248,199 1,945,325 789,827 1,945,097 (8,270) 6,405,661 178,801,088 
Fidelity Series Small Cap Discovery Fund 11,404,842 72,160 912,404 40,051 (57,227) 3,979,349 14,486,720 
Fidelity Series Small Cap Opportunities Fund 39,828,055 395,869 2,471,018 288,818 237,489 9,850,166 47,840,561 
Fidelity Series Stock Selector Large Cap Value Fund 74,967,864 16,612,803 10,653,032 -- (425,513) 16,346,405 96,848,527 
Fidelity Series Value Discovery Fund 55,416,843 12,277,324 6,476,922 -- (158,824) 12,927,353 73,985,774 
 $4,953,362,691 $514,363,460 $732,358,778 $49,720,891 $51,289,760 $574,460,337 $5,361,117,470 

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 September 30, 2020, 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 $4,979,129 $-- $4,979,129 $-- 
Domestic Equity Funds 967,076,233 967,076,233 -- -- 
International Equity Funds 968,765,068 968,765,068 -- -- 
Bond Funds 2,523,364,065 2,523,364,065 -- -- 
Short-Term Funds 912,800,499 912,800,499 -- -- 
Total Investments in Securities: $5,376,984,994 $5,372,005,865 $4,979,129 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(186,002) $(186,002) $-- $-- 
Total Liabilities $(186,002) $(186,002) $-- $-- 
Total Derivative Instruments: $(186,002) $(186,002) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(186,002) 
Total Equity Risk (186,002) 
Total Value of Derivatives $0 $(186,002) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $4,979,097) 
$4,979,129  
Fidelity Central Funds (cost $10,888,186) 10,888,395  
Other affiliated issuers (cost $4,706,001,022) 5,361,117,470  
Total Investment in Securities (cost $4,721,868,305)  $5,376,984,994 
Receivable for investments sold  58,818,591 
Receivable for fund shares sold  2,054,941 
Distributions receivable from Fidelity Central Funds  972 
Other receivables  96,313 
Total assets  5,437,955,811 
Liabilities   
Payable for investments purchased $53,206,778  
Payable for fund shares redeemed 5,582,780  
Accrued management fee 2,187,901  
Payable for daily variation margin on futures contracts 349,005  
Other payables and accrued expenses 96,311  
Total liabilities  61,422,775 
Net Assets  $5,376,533,036 
Net Assets consist of:   
Paid in capital  $4,646,663,211 
Total accumulated earnings (loss)  729,869,825 
Net Assets  $5,376,533,036 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($3,591,869,985 ÷ 226,876,365 shares)  $15.83 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,499,697,429 ÷ 94,774,531 shares)  $15.82 
Class K6:   
Net Asset Value, offering price and redemption price per share ($284,965,622 ÷ 18,067,028 shares)  $15.77 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $34,069,345 
Interest  6,574 
Income from Fidelity Central Funds  9,378 
Total income  34,085,297 
Expenses   
Management fee $12,806,927  
Independent trustees' fees and expenses 7,323  
Total expenses before reductions 12,814,250  
Expense reductions (69)  
Total expenses after reductions  12,814,181 
Net investment income (loss)  21,271,116 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (1,308)  
Other affiliated issuers 51,289,760  
Futures contracts (4,792,257)  
Capital gain distributions from underlying funds:   
Affiliated issuers 15,651,546  
Total net realized gain (loss)  62,147,741 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (4,087)  
Fidelity Central Funds (297)  
Other affiliated issuers 574,460,337  
Futures contracts (186,002)  
Total change in net unrealized appreciation (depreciation)  574,269,951 
Net gain (loss)  636,417,692 
Net increase (decrease) in net assets resulting from operations  $657,688,808 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $21,271,116 $105,841,028 
Net realized gain (loss) 62,147,741 239,313,376 
Change in net unrealized appreciation (depreciation) 574,269,951 (382,969,895) 
Net increase (decrease) in net assets resulting from operations 657,688,808 (37,815,491) 
Distributions to shareholders (127,195,274) (326,178,030) 
Share transactions - net increase (decrease) (127,715,069) (509,728,586) 
Total increase (decrease) in net assets 402,778,465 (873,722,107) 
Net Assets   
Beginning of period 4,973,754,571 5,847,476,678 
End of period $5,376,533,036 $4,973,754,571 

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


Financial Highlights

Fidelity Freedom 2010 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.31 $15.35 $15.98 $15.56 $14.75 $15.75 
Income from Investment Operations       
Net investment income (loss)A .06 .29 .29 .24 .26 .28 
Net realized and unrealized gain (loss) 1.83 (.43) .12 .95 1.08 (.50) 
Total from investment operations 1.89 (.14) .41 1.19 1.34 (.22) 
Distributions from net investment income (.03) (.31) (.30) (.23) (.26) (.29) 
Distributions from net realized gain (.34) (.60) (.74) (.54) (.26) (.49) 
Total distributions (.37) (.90)B (1.04) (.77) (.53)B (.78) 
Net asset value, end of period $15.83 $14.31 $15.35 $15.98 $15.56 $14.75 
Total ReturnC,D 13.41% (1.25)% 2.89% 7.74% 9.27% (1.42)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .51%G .52% .52%H .44% - %I - %I 
Expenses net of fee waivers, if any .51%G .52% .52%H .44% -% -% 
Expenses net of all reductions .51%G .52% .52%H .44% -% -% 
Net investment income (loss) .78%G 1.84% 1.90% 1.47% 1.69% 1.86% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,591,870 $3,284,758 $3,724,077 $4,038,370 $4,137,360 $4,271,151 
Portfolio turnover rateJ 20%G 18% 20% 19%K 23% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount represents less than .005%.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2010 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.30 $15.34 $15.97 $15.96 
Income from Investment Operations     
Net investment income (loss)B .06 .30 .30 .27 
Net realized and unrealized gain (loss) 1.83 (.43) .12 .31 
Total from investment operations 1.89 (.13) .42 .58 
Distributions from net investment income (.04) (.31) (.31) (.22) 
Distributions from net realized gain (.34) (.60) (.74) (.35) 
Total distributions (.37)C (.91) (1.05) (.57) 
Net asset value, end of period $15.82 $14.30 $15.34 $15.97 
Total ReturnD,E 13.44% (1.21)% 2.95% 3.59% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .45%H .45% .46% .47%H 
Expenses net of fee waivers, if any .45%H .45% .46% .47%H 
Expenses net of all reductions .45%H .45% .46% .47%H 
Net investment income (loss) .84%H 1.91% 1.96% 2.42%H 
Supplemental Data     
Net assets, end of period (000 omitted) $1,499,697 $1,431,597 $1,909,779 $2,396,182 
Portfolio turnover rateI 20%H 18% 20% 19%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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 J The portfolio turnover rate does not include the assets acquired in the merger.

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


Fidelity Freedom 2010 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.25 $15.30 $15.97 $15.77 
Income from Investment Operations     
Net investment income (loss)B .07 .30 .31 .27 
Net realized and unrealized gain (loss) 1.83 (.42) .11 .50 
Total from investment operations 1.90 (.12) .42 .77 
Distributions from net investment income (.04) (.34) (.35) (.22) 
Distributions from net realized gain (.34) (.60) (.74) (.35) 
Total distributions (.38) (.93)C (1.09) (.57) 
Net asset value, end of period $15.77 $14.25 $15.30 $15.97 
Total ReturnD,E 13.52% (1.14)% 2.96% 4.89% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .38%H .39% .39% .40%H 
Expenses net of fee waivers, if any .38%H .39% .39% .40%H 
Expenses net of all reductions .38%H .39% .39% .40%H 
Net investment income (loss) .90%H 1.97% 2.03% 2.07%H 
Supplemental Data     
Net assets, end of period (000 omitted) $284,966 $257,400 $213,620 $59,797 
Portfolio turnover rateI 20%H 18% 20% 19%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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 29.4 
Fidelity Series Government Money Market Fund 0.16% 10.1 
Fidelity Series Emerging Markets Opportunities Fund 8.8 
Fidelity Series Inflation-Protected Bond Index Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 3.6 
Fidelity Series Growth Company Fund 3.4 
Fidelity Series International Growth Fund 3.3 
Fidelity Series Overseas Fund 3.3 
Fidelity Series International Value Fund 3.2 
Fidelity Series Large Cap Stock Fund 3.0 
 76.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.6% 
   International Equity Funds 21.7% 
   Bond Funds 41.9% 
   Short-Term Funds 12.7% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2015 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $7,338,672) 7,340,000 7,338,714 
 Shares Value 
Domestic Equity Funds - 23.6%   
Fidelity Series All-Sector Equity Fund (b) 6,792,223 $72,337,178 
Fidelity Series Blue Chip Growth Fund (b) 6,394,239 105,568,887 
Fidelity Series Commodity Strategy Fund (b) 48,106,227 200,121,906 
Fidelity Series Growth Company Fund (b) 10,180,019 266,818,308 
Fidelity Series Intrinsic Opportunities Fund (b) 17,868,961 282,686,955 
Fidelity Series Large Cap Stock Fund (b) 16,501,487 233,661,054 
Fidelity Series Large Cap Value Index Fund (b) 7,125,225 82,652,615 
Fidelity Series Opportunistic Insights Fund (b) 7,129,596 154,213,162 
Fidelity Series Small Cap Discovery Fund (b) 2,881,288 29,129,818 
Fidelity Series Small Cap Opportunities Fund (b) 7,548,316 96,316,513 
Fidelity Series Stock Selector Large Cap Value Fund (b) 17,701,323 194,714,551 
Fidelity Series Value Discovery Fund (b) 12,035,939 148,764,205 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,376,926,328)  1,866,985,152 
International Equity Funds - 21.7%   
Fidelity Series Canada Fund (b) 8,606,388 88,043,352 
Fidelity Series Emerging Markets Fund (b) 8,238,250 77,686,695 
Fidelity Series Emerging Markets Opportunities Fund (b) 33,116,741 694,789,223 
Fidelity Series International Growth Fund (b) 13,867,299 260,427,869 
Fidelity Series International Small Cap Fund (b) 4,518,509 80,429,457 
Fidelity Series International Value Fund (b) 29,903,008 257,763,932 
Fidelity Series Overseas Fund (b) 23,260,499 260,052,378 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,335,142,861)  1,719,192,906 
Bond Funds - 41.9%   
Fidelity Series Emerging Markets Debt Fund (b) 5,439,368 49,280,677 
Fidelity Series Floating Rate High Income Fund (b) 1,122,421 9,933,427 
Fidelity Series High Income Fund (b) 5,886,575 53,685,565 
Fidelity Series Inflation-Protected Bond Index Fund (b) 61,264,353 655,528,581 
Fidelity Series International Credit Fund (b) 591,361 6,156,070 
Fidelity Series Investment Grade Bond Fund (b) 190,056,928 2,326,296,801 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 17,451,461 180,273,596 
Fidelity Series Real Estate Income Fund (b) 3,284,192 32,776,238 
TOTAL BOND FUNDS   
(Cost $3,039,086,478)  3,313,930,955 
Short-Term Funds - 12.7%   
Fidelity Cash Central Fund 0.10% (c) 10,762,766 10,764,919 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 799,151,082 799,151,082 
Fidelity Series Short-Term Credit Fund (b) 19,280,049 197,620,504 
TOTAL SHORT-TERM FUNDS   
(Cost $1,002,414,432)  1,007,536,505 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,760,908,771)  7,914,984,232 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (630,368) 
NET ASSETS - 100%  $7,914,353,864 

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) 305 Dec. 2020 $51,118,000 $(333,710) $(333,710) 

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 $7,338,714.

 (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 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 $10,843 
Total $10,843 

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 All-Sector Equity Fund $56,547,292 $258,427 $4,284,833 $-- $(84,601) $19,900,893 $72,337,178 
Fidelity Series Blue Chip Growth Fund 102,390,731 22,219,638 57,585,470 21,751,996 27,422,085 11,121,903 105,568,887 
Fidelity Series Canada Fund 65,763,814 13,416,140 8,569,722 -- (626,734) 18,059,854 88,043,352 
Fidelity Series Commodity Strategy Fund 238,815,009 1,659,821 65,838,079 878,453 (24,347,164) 49,832,319 200,121,906 
Fidelity Series Emerging Markets Debt Fund 45,488,852 1,498,297 3,274,562 1,304,583 (10,756) 5,578,846 49,280,677 
Fidelity Series Emerging Markets Fund 47,604,094 17,334,582 6,233,433 -- 100,272 18,881,180 77,686,695 
Fidelity Series Emerging Markets Opportunities Fund 455,428,436 138,298,211 80,302,818 -- 4,505,243 176,860,151 694,789,223 
Fidelity Series Floating Rate High Income Fund 9,513,559 270,418 792,232 223,552 (94,441) 1,036,123 9,933,427 
Fidelity Series Government Money Market Fund 0.16% 889,239,670 130,034,208 220,122,796 967,662 -- -- 799,151,082 
Fidelity Series Growth Company Fund 213,036,213 362,508 84,497,429 -- 50,257,665 87,659,351 266,818,308 
Fidelity Series High Income Fund 50,612,414 1,709,969 3,961,169 1,475,632 (225,453) 5,549,804 53,685,565 
Fidelity Series Inflation-Protected Bond Index Fund 607,324,717 72,656,174 61,815,249 510,808 521,408 36,841,531 655,528,581 
Fidelity Series International Credit Fund 5,569,597 86,558 -- 86,559 -- 499,915 6,156,070 
Fidelity Series International Growth Fund 308,550,153 3,847,044 126,707,957 -- 46,971,493 27,767,136 260,427,869 
Fidelity Series International Small Cap Fund 72,749,871 916,741 15,189,841 -- 2,807,189 19,145,497 80,429,457 
Fidelity Series International Value Fund 263,255,626 7,563,162 63,399,038 -- (5,912,901) 56,257,083 257,763,932 
Fidelity Series Intrinsic Opportunities Fund 238,528,707 4,948,427 17,795,096 3,883,446 3,582,673 53,422,244 282,686,955 
Fidelity Series Investment Grade Bond Fund 2,164,644,980 264,812,136 233,144,874 29,366,256 1,377,502 128,607,057 2,326,296,801 
Fidelity Series Large Cap Stock Fund 205,286,549 13,178,092 21,768,308 8,493,971 913,343 36,051,378 233,661,054 
Fidelity Series Large Cap Value Index Fund 56,345,334 22,095,807 6,573,253 -- (86,277) 10,871,004 82,652,615 
Fidelity Series Long-Term Treasury Bond Index Fund 185,243,180 35,283,276 34,871,130 4,698,654 3,787,118 (9,168,848) 180,273,596 
Fidelity Series Opportunistic Insights Fund 115,784,325 534,535 8,705,592 -- 3,889,782 42,710,112 154,213,162 
Fidelity Series Overseas Fund 252,740,831 15,628,903 78,605,313 -- (5,761,418) 76,049,375 260,052,378 
Fidelity Series Real Estate Income Fund 28,831,604 1,205,041 2,482,808 1,057,714 (122,776) 5,345,177 32,776,238 
Fidelity Series Short-Term Credit Fund 189,382,610 2,149,981 984,344 2,149,975 (9,582) 7,081,839 197,620,504 
Fidelity Series Small Cap Discovery Fund 22,832,454 412,549 1,991,645 80,304 (128,115) 8,004,575 29,129,818 
Fidelity Series Small Cap Opportunities Fund 79,771,188 3,687,595 7,828,218 590,164 939,337 19,746,611 96,316,513 
Fidelity Series Stock Selector Large Cap Value Fund 150,151,660 29,381,927 17,948,169 -- (386,163) 33,515,296 194,714,551 
Fidelity Series Value Discovery Fund 112,117,914 22,901,778 12,474,743 -- (130,354) 26,349,610 148,764,205 
 $7,233,551,384 $828,351,945 $1,247,748,121 $77,519,729 $109,148,375 $973,577,016 $7,896,880,599 

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 September 30, 2020, 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 $7,338,714 $-- $7,338,714 $-- 
Domestic Equity Funds 1,866,985,152 1,866,985,152 -- -- 
International Equity Funds 1,719,192,906 1,719,192,906 -- -- 
Bond Funds 3,313,930,955 3,313,930,955 -- -- 
Short-Term Funds 1,007,536,505 1,007,536,505 -- -- 
Total Investments in Securities: $7,914,984,232 $7,907,645,518 $7,338,714 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(333,710) $(333,710) $-- $-- 
Total Liabilities $(333,710) $(333,710) $-- $-- 
Total Derivative Instruments: $(333,710) $(333,710) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(333,710) 
Total Equity Risk (333,710) 
Total Value of Derivatives $0 $(333,710) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $7,338,672) 
$7,338,714  
Fidelity Central Funds (cost $10,764,576) 10,764,919  
Other affiliated issuers (cost $6,742,805,523) 7,896,880,599  
Total Investment in Securities (cost $6,760,908,771)  $7,914,984,232 
Receivable for investments sold  86,922,982 
Receivable for fund shares sold  2,794,494 
Distributions receivable from Fidelity Central Funds  927 
Total assets  8,004,702,635 
Liabilities   
Payable for investments purchased $82,638,356  
Payable for fund shares redeemed 3,820,708  
Accrued management fee 3,421,175  
Payable for daily variation margin on futures contracts 468,532  
Total liabilities  90,348,771 
Net Assets  $7,914,353,864 
Net Assets consist of:   
Paid in capital  $6,620,962,208 
Total accumulated earnings (loss)  1,293,391,656 
Net Assets  $7,914,353,864 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($4,592,547,980 ÷ 354,157,724 shares)  $12.97 
Class K:   
Net Asset Value, offering price and redemption price per share ($2,651,521,442 ÷ 204,714,056 shares)  $12.95 
Class K6:   
Net Asset Value, offering price and redemption price per share ($670,284,442 ÷ 51,876,471 shares)  $12.92 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $47,469,166 
Interest  10,481 
Income from Fidelity Central Funds  10,843 
Total income  47,490,490 
Expenses   
Management fee $20,011,452  
Independent trustees' fees and expenses 10,767  
Total expenses before reductions 20,022,219  
Expense reductions (89)  
Total expenses after reductions  20,022,130 
Net investment income (loss)  27,468,360 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (1,585)  
Other affiliated issuers 109,148,375  
Futures contracts (8,704,835)  
Capital gain distributions from underlying funds:   
Affiliated issuers 30,050,563  
Total net realized gain (loss)  130,492,518 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (6,485)  
Fidelity Central Funds (473)  
Other affiliated issuers 973,577,016  
Futures contracts (333,710)  
Total change in net unrealized appreciation (depreciation)  973,236,348 
Net gain (loss)  1,103,728,866 
Net increase (decrease) in net assets resulting from operations  $1,131,197,226 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $27,468,360 $156,027,399 
Net realized gain (loss) 130,492,518 432,413,126 
Change in net unrealized appreciation (depreciation) 973,236,348 (752,576,562) 
Net increase (decrease) in net assets resulting from operations 1,131,197,226 (164,136,037) 
Distributions to shareholders (228,684,440) (571,740,150) 
Share transactions - net increase (decrease) (248,225,028) (910,583,607) 
Total increase (decrease) in net assets 654,287,758 (1,646,459,794) 
Net Assets   
Beginning of period 7,260,066,106 8,906,525,900 
End of period $7,914,353,864 $7,260,066,106 

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


Financial Highlights

Fidelity Freedom 2015 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.53 $12.68 $13.33 $12.82 $12.03 $12.92 
Income from Investment Operations       
Net investment income (loss)A .04 .23 .23 .19 .21 .23 
Net realized and unrealized gain (loss) 1.77 (.52) .08 .97 1.04 (.46) 
Total from investment operations 1.81 (.29) .31 1.16 1.25 (.23) 
Distributions from net investment income (.02) (.24) (.24) (.19) (.21) (.23) 
Distributions from net realized gain (.35) (.62) (.73) (.46) (.24) (.43) 
Total distributions (.37) (.86) (.96)B (.65) (.46)B (.66) 
Net asset value, end of period $12.97 $11.53 $12.68 $13.33 $12.82 $12.03 
Total ReturnC,D 15.99% (2.80)% 2.74% 9.15% 10.63% (1.83)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .55%G .56% .57% .48% - %H - %H 
Expenses net of fee waivers, if any .55%G .56% .57% .48% -% -% 
Expenses net of all reductions .55%G .56% .57% .48% -% -% 
Net investment income (loss) .67%G 1.80% 1.82% 1.40% 1.69% 1.87% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,592,548 $4,174,065 $4,946,449 $5,380,580 $5,327,313 $5,354,142 
Portfolio turnover rateI 21%G 21% 19% 23%J 21% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount represents less than .005%.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2015 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.52 $12.66 $13.31 $13.21 
Income from Investment Operations     
Net investment income (loss)B .05 .24 .24 .22 
Net realized and unrealized gain (loss) 1.75 (.51) .08 .34 
Total from investment operations 1.80 (.27) .32 .56 
Distributions from net investment income (.02) (.25) (.25) (.18) 
Distributions from net realized gain (.35) (.62) (.73) (.29) 
Total distributions (.37) (.87) (.97)C (.46)C 
Net asset value, end of period $12.95 $11.52 $12.66 $13.31 
Total ReturnD,E 15.93% (2.67)% 2.80% 4.25% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .48%H .49% .50% .51%H,I 
Expenses net of fee waivers, if any .48%H .49% .50% .51%H,I 
Expenses net of all reductions .48%H .49% .50% .51%H,I 
Net investment income (loss) .74%H 1.87% 1.89% 2.39%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,651,521 $2,524,326 $3,471,921 $4,624,065 
Portfolio turnover rateJ 21%H 21% 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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.49 $12.64 $13.32 $13.03 
Income from Investment Operations     
Net investment income (loss)B .05 .25 .25 .21 
Net realized and unrealized gain (loss) 1.75 (.51) .08 .55 
Total from investment operations 1.80 (.26) .33 .76 
Distributions from net investment income (.03) (.27) (.28) (.18) 
Distributions from net realized gain (.35) (.62) (.73) (.29) 
Total distributions (.37)C (.89) (1.01) (.47) 
Net asset value, end of period $12.92 $11.49 $12.64 $13.32 
Total ReturnD,E 16.02% (2.61)% 2.87% 5.80% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .40%H .41% .41% .42%H 
Expenses net of fee waivers, if any .40%H .41% .41% .42%H 
Expenses net of all reductions .40%H .41% .41% .42%H 
Net investment income (loss) .82%H 1.95% 1.97% 1.88%H 
Supplemental Data     
Net assets, end of period (000 omitted) $670,284 $561,675 $488,156 $114,268 
Portfolio turnover rateI 21%H 21% 19% 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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 J The portfolio turnover rate does not include the assets acquired in the merger.

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


Fidelity Freedom® 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 25.8 
Fidelity Series Emerging Markets Opportunities Fund 9.6 
Fidelity Series Government Money Market Fund 0.16% 7.2 
Fidelity Series Inflation-Protected Bond Index Fund 7.0 
Fidelity Series Intrinsic Opportunities Fund 4.4 
Fidelity Series Growth Company Fund 4.2 
Fidelity Series International Growth Fund 4.0 
Fidelity Series Overseas Fund 4.0 
Fidelity Series International Value Fund 3.9 
Fidelity Series Large Cap Stock Fund 3.7 
 73.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.7% 
   International Equity Funds 25.1% 
   Bond Funds 37.0% 
   Short-Term Funds 9.1% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2020 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $20,406,144) 20,410,000 20,406,370 
 Shares Value 
Domestic Equity Funds - 28.7%   
Fidelity Series All-Sector Equity Fund (b) 26,062,542 $277,566,071 
Fidelity Series Blue Chip Growth Fund (b) 25,034,541 413,320,265 
Fidelity Series Commodity Strategy Fund (b) 150,325,193 625,352,804 
Fidelity Series Growth Company Fund (b) 39,886,674 1,045,429,731 
Fidelity Series Intrinsic Opportunities Fund (b) 69,277,861 1,095,975,763 
Fidelity Series Large Cap Stock Fund (b) 64,603,203 914,781,354 
Fidelity Series Large Cap Value Index Fund (b) 27,893,851 323,568,675 
Fidelity Series Opportunistic Insights Fund (b) 27,418,979 593,072,507 
Fidelity Series Small Cap Discovery Fund (b) 10,975,328 110,960,570 
Fidelity Series Small Cap Opportunities Fund (b) 29,127,392 371,665,524 
Fidelity Series Stock Selector Large Cap Value Fund (b) 69,297,124 762,268,366 
Fidelity Series Value Discovery Fund (b) 47,117,505 582,372,365 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,297,854,145)  7,116,333,995 
International Equity Funds - 25.1%   
Fidelity Series Canada Fund (b) 32,362,079 331,064,066 
Fidelity Series Emerging Markets Fund (b) 28,332,922 267,179,453 
Fidelity Series Emerging Markets Opportunities Fund (b) 113,755,622 2,386,592,952 
Fidelity Series International Growth Fund (b) 52,145,745 979,297,090 
Fidelity Series International Small Cap Fund (b) 16,964,272 301,964,049 
Fidelity Series International Value Fund (b) 112,502,706 969,773,323 
Fidelity Series Overseas Fund (b) 87,467,805 977,890,061 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,902,431,962)  6,213,760,994 
Bond Funds - 37.0%   
Fidelity Series Emerging Markets Debt Fund (b) 16,660,422 150,943,424 
Fidelity Series Floating Rate High Income Fund (b) 3,225,541 28,546,040 
Fidelity Series High Income Fund (b) 18,317,029 167,051,301 
Fidelity Series Inflation-Protected Bond Index Fund (b) 162,672,754 1,740,598,467 
Fidelity Series International Credit Fund (b) 2,008,279 20,906,183 
Fidelity Series Investment Grade Bond Fund (b) 521,190,842 6,379,375,898 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 54,541,409 563,412,758 
Fidelity Series Real Estate Income Fund (b) 10,350,222 103,295,213 
TOTAL BOND FUNDS   
(Cost $8,457,807,653)  9,154,129,284 
Short-Term Funds - 9.1%   
Fidelity Cash Central Fund 0.10% (c) 33,086,586 33,093,203 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 1,771,613,198 1,771,613,198 
Fidelity Series Short-Term Credit Fund (b) 42,703,585 437,711,749 
TOTAL SHORT-TERM FUNDS   
(Cost $2,231,146,258)  2,242,418,150 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $20,909,646,162)  24,747,048,793 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,180,000) 
NET ASSETS - 100%  $24,744,868,793 

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) 172 Dec. 2020 $15,937,520 $(401) $(401) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 954 Dec. 2020 159,890,400 (1,043,800) (1,043,800) 
TOTAL FUTURES CONTRACTS     $(1,044,201) 

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 0.6%

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 $20,406,370.

 (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 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 $31,341 
Total $31,341 

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 All-Sector Equity Fund $222,157,681 $105,608 $21,832,650 $-- $(472,813) $77,608,245 $277,566,071 
Fidelity Series Blue Chip Growth Fund 401,275,081 85,399,671 219,824,554 85,342,516 102,762,183 43,707,884 413,320,265 
Fidelity Series Canada Fund 248,557,602 40,775,168 22,107,628 -- (1,814,924) 65,653,848 331,064,066 
Fidelity Series Commodity Strategy Fund 750,476,816 4,017,883 208,960,112 2,715,977 (75,200,326) 155,018,543 625,352,804 
Fidelity Series Emerging Markets Debt Fund 141,311,043 4,093,549 11,748,499 4,030,480 (653,351) 17,940,682 150,943,424 
Fidelity Series Emerging Markets Fund 167,501,987 56,842,826 23,395,006 -- 265,764 65,963,882 267,179,453 
Fidelity Series Emerging Markets Opportunities Fund 1,611,797,769 429,438,837 282,702,639 -- 22,139,334 605,919,651 2,386,592,952 
Fidelity Series Floating Rate High Income Fund 27,965,717 666,319 2,842,376 651,063 (365,188) 3,121,568 28,546,040 
Fidelity Series Government Money Market Fund 0.16% 2,093,461,675 360,330,445 682,178,922 2,204,688 -- -- 1,771,613,198 
Fidelity Series Growth Company Fund 832,687,196 21,527 319,923,027 -- 188,448,968 344,195,067 1,045,429,731 
Fidelity Series High Income Fund 159,771,045 4,709,258 14,211,901 4,632,958 (684,835) 17,467,734 167,051,301 
Fidelity Series Inflation-Protected Bond Index Fund 1,621,478,041 223,742,445 203,822,108 1,355,118 1,586,710 97,613,379 1,740,598,467 
Fidelity Series International Credit Fund 18,914,504 293,955 -- 293,956 -- 1,697,724 20,906,183 
Fidelity Series International Growth Fund 1,133,838,427 9,493,431 441,312,279 -- 151,859,972 125,417,539 979,297,090 
Fidelity Series International Small Cap Fund 263,405,367 403,008 43,261,712 -- 8,152,469 73,264,917 301,964,049 
Fidelity Series International Value Fund 968,459,791 34,637,230 221,327,262 -- (31,879,111) 219,882,675 969,773,323 
Fidelity Series Intrinsic Opportunities Fund 946,427,431 15,516,834 90,484,762 15,076,739 2,018,006 222,498,254 1,095,975,763 
Fidelity Series Investment Grade Bond Fund 5,933,297,925 828,643,002 739,323,690 80,705,095 1,094,877 355,663,784 6,379,375,898 
Fidelity Series Large Cap Stock Fund 799,693,788 56,036,139 87,691,228 33,219,092 5,239,801 141,502,854 914,781,354 
Fidelity Series Large Cap Value Index Fund 219,571,867 85,618,812 24,548,123 -- (1,005,446) 43,931,565 323,568,675 
Fidelity Series Long-Term Treasury Bond Index Fund 584,777,693 120,403,319 125,261,005 14,635,602 13,836,050 (30,343,299) 563,412,758 
Fidelity Series Opportunistic Insights Fund 451,089,896 217,225 39,174,211 -- 18,701,670 162,237,927 593,072,507 
Fidelity Series Overseas Fund 938,368,150 38,357,687 259,637,953 -- (17,613,188) 278,415,365 977,890,061 
Fidelity Series Real Estate Income Fund 92,134,606 3,406,696 8,908,442 3,356,564 (738,457) 17,400,810 103,295,213 
Fidelity Series Short-Term Credit Fund 419,604,884 4,763,359 2,319,078 4,761,865 (6,637) 15,669,221 437,711,749 
Fidelity Series Small Cap Discovery Fund 89,019,997 356,591 8,845,608 309,668 (608,054) 31,037,644 110,960,570 
Fidelity Series Small Cap Opportunities Fund 311,295,228 9,397,737 28,818,594 2,247,206 1,546,746 78,244,407 371,665,524 
Fidelity Series Stock Selector Large Cap Value Fund 585,596,818 113,896,053 67,583,835 -- (914,149) 131,273,479 762,268,366 
Fidelity Series Value Discovery Fund 436,835,697 86,880,696 45,615,605 -- (616,946) 104,888,523 582,372,365 
 $22,470,773,722 $2,618,465,310 $4,247,662,809 $255,538,587 $385,079,125 $3,466,893,872 $24,693,549,220 

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 September 30, 2020, 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 $20,406,370 $-- $20,406,370 $-- 
Domestic Equity Funds 7,116,333,995 7,116,333,995 -- -- 
International Equity Funds 6,213,760,994 6,213,760,994 -- -- 
Bond Funds 9,154,129,284 9,154,129,284 -- -- 
Short-Term Funds 2,242,418,150 2,242,418,150 -- -- 
Total Investments in Securities: $24,747,048,793 $24,726,642,423 $20,406,370 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,044,201) $(1,044,201) $-- $-- 
Total Liabilities $(1,044,201) $(1,044,201) $-- $-- 
Total Derivative Instruments: $(1,044,201) $(1,044,201) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,044,201) 
Total Equity Risk (1,044,201) 
Total Value of Derivatives $0 $(1,044,201) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $20,406,144) 
$20,406,370  
Fidelity Central Funds (cost $33,092,342) 33,093,203  
Other affiliated issuers (cost $20,856,147,676) 24,693,549,220  
Total Investment in Securities (cost $20,909,646,162)  $24,747,048,793 
Receivable for investments sold  254,968,566 
Receivable for fund shares sold  11,864,982 
Distributions receivable from Fidelity Central Funds  2,862 
Other receivables  260,173 
Total assets  25,014,145,376 
Liabilities   
Payable for investments purchased $235,031,096  
Payable for fund shares redeemed 21,050,500  
Accrued management fee 11,321,045  
Payable for daily variation margin on futures contracts 1,613,775  
Other payables and accrued expenses 260,167  
Total liabilities  269,276,583 
Net Assets  $24,744,868,793 
Net Assets consist of:   
Paid in capital  $20,414,484,142 
Total accumulated earnings (loss)  4,330,384,651 
Net Assets  $24,744,868,793 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($11,817,140,506 ÷ 725,004,643 shares)  $16.30 
Class K:   
Net Asset Value, offering price and redemption price per share ($10,524,080,904 ÷ 646,162,289 shares)  $16.29 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,403,647,383 ÷ 147,909,659 shares)  $16.25 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $140,861,917 
Interest  26,159 
Income from Fidelity Central Funds  31,341 
Total income  140,919,417 
Expenses   
Management fee $66,228,219  
Independent trustees' fees and expenses 33,663  
Total expenses before reductions 66,261,882  
Expense reductions (131)  
Total expenses after reductions  66,261,751 
Net investment income (loss)  74,657,666 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (5,286)  
Other affiliated issuers 385,079,125  
Futures contracts (25,687,207)  
Capital gain distributions from underlying funds:   
Affiliated issuers 114,676,670  
Total net realized gain (loss)  474,063,302 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (13,436)  
Fidelity Central Funds (1,220)  
Other affiliated issuers 3,466,893,872  
Futures contracts (1,044,201)  
Total change in net unrealized appreciation (depreciation)  3,465,835,015 
Net gain (loss)  3,939,898,317 
Net increase (decrease) in net assets resulting from operations  $4,014,555,983 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $74,657,666 $485,104,275 
Net realized gain (loss) 474,063,302 1,259,186,387 
Change in net unrealized appreciation (depreciation) 3,465,835,015 (2,580,993,899) 
Net increase (decrease) in net assets resulting from operations 4,014,555,983 (836,703,237) 
Distributions to shareholders (711,013,958) (1,779,102,780) 
Share transactions - net increase (decrease) (1,107,511,259) (2,571,249,276) 
Total increase (decrease) in net assets 2,196,030,766 (5,187,055,293) 
Net Assets   
Beginning of period 22,548,838,027 27,735,893,320 
End of period $24,744,868,793 $22,548,838,027 

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


Financial Highlights

Fidelity Freedom 2020 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.21 $15.83 $16.51 $15.70 $14.63 $15.76 
Income from Investment Operations       
Net investment income (loss)A .04 .28 .28 .22 .25 .28 
Net realized and unrealized gain (loss) 2.50 (.84) .10 1.34 1.40 (.60) 
Total from investment operations 2.54 (.56) .38 1.56 1.65 (.32) 
Distributions from net investment income (.02) (.30) (.28) (.22) (.26) (.28) 
Distributions from net realized gain (.44) (.76) (.78) (.52) (.32) (.53) 
Total distributions (.45)B (1.06) (1.06) (.75)B (.58) (.81) 
Net asset value, end of period $16.30 $14.21 $15.83 $16.51 $15.70 $14.63 
Total ReturnC,D 18.25% (4.15)% 2.66% 10.01% 11.57% (2.10)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .59%G .60% .61% .52% - %H - %H 
Expenses net of fee waivers, if any .59%G .60% .61% .52% -% -% 
Expenses net of all reductions .59%G .60% .61% .52% -% -% 
Net investment income (loss) .56%G 1.76% 1.76% 1.34% 1.69% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $11,817,140 $10,620,621 $12,395,049 $12,916,078 $12,279,240 $11,732,980 
Portfolio turnover rateI 22%G 23% 19% 21%J 19% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount represents less than .005%.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 J The portfolio turnover rate does not include the assets acquired in the merger.

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


Fidelity Freedom 2020 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.20 $15.81 $16.49 $16.24 
Income from Investment Operations     
Net investment income (loss)B .05 .29 .29 .27 
Net realized and unrealized gain (loss) 2.50 (.83) .10 .50 
Total from investment operations 2.55 (.54) .39 .77 
Distributions from net investment income (.02) (.31) (.29) (.21) 
Distributions from net realized gain (.44) (.76) (.78) (.31) 
Total distributions (.46) (1.07) (1.07) (.52) 
Net asset value, end of period $16.29 $14.20 $15.81 $16.49 
Total ReturnC,D 18.29% (4.04)% 2.73% 4.73% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .52%G .52% .53% .54%G 
Expenses net of fee waivers, if any .52%G .52% .53% .54%G 
Expenses net of all reductions .52%G .52% .53% .54%G 
Net investment income (loss) .64%G 1.84% 1.84% 2.34%G 
Supplemental Data     
Net assets, end of period (000 omitted) $10,524,081 $9,840,293 $13,509,101 $16,611,072 
Portfolio turnover rateH 22%G 23% 19% 21%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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 I The portfolio turnover rate does not include the assets acquired in the merger.

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


Fidelity Freedom 2020 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.16 $15.78 $16.50 $16.00 
Income from Investment Operations     
Net investment income (loss)B .06 .31 .30 .24 
Net realized and unrealized gain (loss) 2.49 (.83) .10 .79 
Total from investment operations 2.55 (.52) .40 1.03 
Distributions from net investment income (.03) (.34) (.34) (.22) 
Distributions from net realized gain (.44) (.76) (.78) (.31) 
Total distributions (.46)C (1.10) (1.12) (.53) 
Net asset value, end of period $16.25 $14.16 $15.78 $16.50 
Total ReturnD,E 18.37% (3.96)% 2.80% 6.40% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .42%H .43% .43% .44%H 
Expenses net of fee waivers, if any .42%H .43% .43% .44%H 
Expenses net of all reductions .42%H .43% .43% .44%H 
Net investment income (loss) .73%H 1.93% 1.94% 1.79%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,403,647 $2,087,924 $1,831,743 $474,981 
Portfolio turnover rateI 22%H 23% 19% 21%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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.2 
Fidelity Series Emerging Markets Opportunities Fund 10.3 
Fidelity Series Inflation-Protected Bond Index Fund 6.3 
Fidelity Series Intrinsic Opportunities Fund 5.1 
Fidelity Series Growth Company Fund 4.9 
Fidelity Series Government Money Market Fund 0.16% 4.8 
Fidelity Series International Growth Fund 4.5 
Fidelity Series Overseas Fund 4.4 
Fidelity Series International Value Fund 4.4 
Fidelity Series Large Cap Stock Fund 4.3 
 72.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.6% 
   International Equity Funds 27.7% 
   Bond Funds 33.6% 
   Short-Term Funds 6.0% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2025 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $27,924,786) 27,930,000 27,925,036 
 Shares Value 
Domestic Equity Funds - 32.6%   
Fidelity Series All-Sector Equity Fund (b) 33,849,500 $360,497,177 
Fidelity Series Blue Chip Growth Fund (b) 32,658,461 539,191,183 
Fidelity Series Commodity Strategy Fund (b) 166,240,968 691,562,425 
Fidelity Series Growth Company Fund (b) 52,174,744 1,367,500,040 
Fidelity Series Intrinsic Opportunities Fund (b) 89,907,199 1,422,331,891 
Fidelity Series Large Cap Stock Fund (b) 84,272,494 1,193,298,512 
Fidelity Series Large Cap Value Index Fund (b) 36,386,904 422,088,086 
Fidelity Series Opportunistic Insights Fund (b) 35,594,036 769,899,007 
Fidelity Series Small Cap Discovery Fund (b) 14,359,192 145,171,429 
Fidelity Series Small Cap Opportunities Fund (b) 37,805,859 482,402,756 
Fidelity Series Stock Selector Large Cap Value Fund (b) 90,395,414 994,349,549 
Fidelity Series Value Discovery Fund (b) 61,462,967 759,682,267 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $7,064,964,656)  9,147,974,322 
International Equity Funds - 27.7%   
Fidelity Series Canada Fund (b) 41,040,800 419,847,382 
Fidelity Series Emerging Markets Fund (b) 34,313,253 323,573,977 
Fidelity Series Emerging Markets Opportunities Fund (b) 137,648,346 2,887,862,307 
Fidelity Series International Growth Fund (b) 66,575,443 1,250,286,821 
Fidelity Series International Small Cap Fund (b) 21,516,105 382,986,667 
Fidelity Series International Value Fund (b) 143,420,693 1,236,286,374 
Fidelity Series Overseas Fund (b) 111,672,059 1,248,493,622 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,300,564,447)  7,749,337,150 
Bond Funds - 33.6%   
Fidelity Series Emerging Markets Debt Fund (b) 18,577,883 168,315,617 
Fidelity Series Floating Rate High Income Fund (b) 3,521,636 31,166,477 
Fidelity Series High Income Fund (b) 20,837,163 190,034,931 
Fidelity Series Inflation-Protected Bond Index Fund (b) 164,135,669 1,756,251,660 
Fidelity Series International Credit Fund (b) 1,726,089 17,968,587 
Fidelity Series Investment Grade Bond Fund (b) 532,003,470 6,511,722,473 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 61,767,689 638,060,228 
Fidelity Series Real Estate Income Fund (b) 11,562,255 115,391,300 
TOTAL BOND FUNDS   
(Cost $8,767,807,899)  9,428,911,273 
Short-Term Funds - 6.0%   
Fidelity Cash Central Fund 0.10% (c) 31,296,426 31,302,686 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 1,353,693,095 1,353,693,095 
Fidelity Series Short-Term Credit Fund (b) 28,836,441 295,573,518 
TOTAL SHORT-TERM FUNDS   
(Cost $1,673,065,797)  1,680,569,299 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $23,834,327,585)  28,034,717,080 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,569,735) 
NET ASSETS - 100%  $28,033,147,345 

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) 321 Dec. 2020 $29,743,860 $(110,698) $(110,698) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 559 Dec. 2020 30,423,575 (12,482) (12,482) 
TOTAL PURCHASED     (123,180) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 1,151 Dec. 2020 192,907,600 (1,259,344) (1,259,344) 
TOTAL FUTURES CONTRACTS     $(1,382,524) 

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 0.7%

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 $27,925,036.

 (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 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 $33,275 
Total $33,275 

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 All-Sector Equity Fund $278,497,907 $1,228,118 $17,120,939 $-- $(1,727,807) $99,619,898 $360,497,177 
Fidelity Series Blue Chip Growth Fund 503,166,574 112,750,420 256,713,189 111,134,276 118,564,583 61,422,795 539,191,183 
Fidelity Series Canada Fund 305,536,416 48,480,294 10,821,492 -- (594,575) 77,246,739 419,847,382 
Fidelity Series Commodity Strategy Fund 813,387,775 10,917,301 221,556,100 2,989,561 (92,298,791) 181,112,240 691,562,425 
Fidelity Series Emerging Markets Debt Fund 152,149,526 5,132,825 7,718,972 4,411,073 (115,838) 18,868,076 168,315,617 
Fidelity Series Emerging Markets Fund 197,869,090 65,931,578 18,567,522 -- 148,155 78,192,676 323,573,977 
Fidelity Series Emerging Markets Opportunities Fund 1,907,368,420 494,690,591 254,943,443 -- 9,125,921 731,620,818 2,887,862,307 
Fidelity Series Floating Rate High Income Fund 29,249,471 869,103 1,867,492 694,488 (169,614) 3,085,009 31,166,477 
Fidelity Series Government Money Market Fund 0.16% 1,608,157,933 387,642,220 642,107,058 1,654,636 -- -- 1,353,693,095 
Fidelity Series Growth Company Fund 1,045,601,982 3,516,579 350,527,304 -- 202,638,938 466,269,845 1,367,500,040 
Fidelity Series High Income Fund 174,793,716 6,034,786 9,337,469 5,161,697 (277,736) 18,821,634 190,034,931 
Fidelity Series Inflation-Protected Bond Index Fund 1,564,983,539 258,318,444 164,414,253 1,329,251 922,573 96,441,357 1,756,251,660 
Fidelity Series International Credit Fund 16,256,765 252,651 -- 252,651 -- 1,459,171 17,968,587 
Fidelity Series International Growth Fund 1,366,267,212 13,478,211 470,939,469 -- 131,637,613 209,843,254 1,250,286,821 
Fidelity Series International Small Cap Fund 317,352,794 1,374,427 37,084,474 -- 4,422,906 96,921,014 382,986,667 
Fidelity Series International Value Fund 1,172,297,947 43,873,597 211,648,264 -- (36,543,827) 268,306,921 1,236,286,374 
Fidelity Series Intrinsic Opportunities Fund 1,186,447,102 24,568,018 72,787,263 19,481,905 (3,269,537) 287,373,571 1,422,331,891 
Fidelity Series Investment Grade Bond Fund 5,763,712,548 980,098,613 581,878,538 80,260,959 (957,209) 350,747,059 6,511,722,473 
Fidelity Series Large Cap Stock Fund 1,006,415,403 72,066,714 70,460,796 42,621,822 2,427,547 182,849,644 1,193,298,512 
Fidelity Series Large Cap Value Index Fund 276,213,383 107,834,908 17,540,363 -- (1,033,400) 56,613,558 422,088,086 
Fidelity Series Long-Term Treasury Bond Index Fund 624,897,761 145,694,962 114,372,695 15,944,723 12,756,344 (30,916,144) 638,060,228 
Fidelity Series Opportunistic Insights Fund 566,775,854 2,776,228 29,664,278 -- 11,301,217 218,709,986 769,899,007 
Fidelity Series Overseas Fund 1,139,056,795 35,256,365 245,750,621 -- (16,760,604) 336,691,687 1,248,493,622 
Fidelity Series Real Estate Income Fund 98,916,856 4,242,879 5,851,487 3,695,737 (697,379) 18,780,431 115,391,300 
Fidelity Series Short-Term Credit Fund 282,038,735 3,446,905 480,005 3,214,882 (7,009) 10,574,892 295,573,518 
Fidelity Series Small Cap Discovery Fund 112,176,883 1,023,455 6,732,773 395,880 (463,764) 39,167,628 145,171,429 
Fidelity Series Small Cap Opportunities Fund 391,999,124 10,525,695 21,023,494 2,903,283 (267,914) 101,169,345 482,402,756 
Fidelity Series Stock Selector Large Cap Value Fund 737,278,105 140,283,403 50,021,607 -- (2,100,887) 168,910,535 994,349,549 
Fidelity Series Value Discovery Fund 549,452,739 109,803,419 32,606,463 -- (427,632) 133,460,204 759,682,267 
 $24,188,318,355 $3,092,112,709 $3,924,537,823 $296,146,824 $336,232,274 $4,283,363,843 $27,975,489,358 

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 September 30, 2020, 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 $27,925,036 $-- $27,925,036 $-- 
Domestic Equity Funds 9,147,974,322 9,147,974,322 -- -- 
International Equity Funds 7,749,337,150 7,749,337,150 -- -- 
Bond Funds 9,428,911,273 9,428,911,273 -- -- 
Short-Term Funds 1,680,569,299 1,680,569,299 -- -- 
Total Investments in Securities: $28,034,717,080 $28,006,792,044 $27,925,036 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,382,524) $(1,382,524) $-- $-- 
Total Liabilities $(1,382,524) $(1,382,524) $-- $-- 
Total Derivative Instruments: $(1,382,524) $(1,382,524) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,382,524) 
Total Equity Risk (1,382,524) 
Total Value of Derivatives $0 $(1,382,524) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $27,924,786) 
$27,925,036  
Fidelity Central Funds (cost $31,301,590) 31,302,686  
Other affiliated issuers (cost $23,775,101,209) 27,975,489,358  
Total Investment in Securities (cost $23,834,327,585)  $28,034,717,080 
Receivable for investments sold  273,587,740 
Receivable for fund shares sold  21,051,593 
Distributions receivable from Fidelity Central Funds  2,747 
Total assets  28,329,359,160 
Liabilities   
Payable for investments purchased $259,417,395  
Payable for fund shares redeemed 22,444,330  
Accrued management fee 13,436,705  
Payable for daily variation margin on futures contracts 913,385  
Total liabilities  296,211,815 
Net Assets  $28,033,147,345 
Net Assets consist of:   
Paid in capital  $23,383,621,856 
Total accumulated earnings (loss)  4,649,525,489 
Net Assets  $28,033,147,345 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($11,498,335,359 ÷ 795,704,665 shares)  $14.45 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,992,122,779 ÷ 900,277,049 shares)  $14.43 
Class K6:   
Net Asset Value, offering price and redemption price per share ($3,542,689,207 ÷ 245,810,712 shares)  $14.41 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $149,857,258 
Interest  32,190 
Income from Fidelity Central Funds  33,275 
Total income  149,922,723 
Expenses   
Management fee $77,180,997  
Independent trustees' fees and expenses 36,833  
Total expenses before reductions 77,217,830  
Expense reductions (21)  
Total expenses after reductions  77,217,809 
Net investment income (loss)  72,704,914 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (5,441)  
Other affiliated issuers 336,232,274  
Futures contracts (25,885,185)  
Capital gain distributions from underlying funds:   
Affiliated issuers 146,289,566  
Total net realized gain (loss)  456,631,214 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (16,982)  
Fidelity Central Funds (1,501)  
Other affiliated issuers 4,283,363,843  
Futures contracts (1,382,524)  
Total change in net unrealized appreciation (depreciation)  4,281,962,836 
Net gain (loss)  4,738,594,050 
Net increase (decrease) in net assets resulting from operations  $4,811,298,964 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $72,704,914 $490,730,931 
Net realized gain (loss) 456,631,214 1,078,998,161 
Change in net unrealized appreciation (depreciation) 4,281,962,836 (2,874,172,467) 
Net increase (decrease) in net assets resulting from operations 4,811,298,964 (1,304,443,375) 
Distributions to shareholders (644,167,078) (1,719,438,532) 
Share transactions - net increase (decrease) (407,288,453) 156,027,250 
Total increase (decrease) in net assets 3,759,843,433 (2,867,854,657) 
Net Assets   
Beginning of period 24,273,303,912 27,141,158,569 
End of period $28,033,147,345 $24,273,303,912 

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


Financial Highlights

Fidelity Freedom 2025 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.34 $13.84 $14.35 $13.50 $12.49 $13.51 
Income from Investment Operations       
Net investment income (loss)A .03 .24 .24 .18 .21 .22 
Net realized and unrealized gain (loss) 2.41 (.87) .08 1.26 1.30 (.54) 
Total from investment operations 2.44 (.63) .32 1.44 1.51 (.32) 
Distributions from net investment income (.01) (.25) (.23) (.18) (.21) (.23) 
Distributions from net realized gain (.32) (.63) (.59) (.41) (.29) (.47) 
Total distributions (.33) (.87)B (.83)B (.59) (.50) (.70) 
Net asset value, end of period $14.45 $12.34 $13.84 $14.35 $13.50 $12.49 
Total ReturnC,D 20.07% (5.17)% 2.53% 10.81% 12.46% (2.50)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .63%G .64% .65% .56%H - %I - %I 
Expenses net of fee waivers, if any .63%G .64% .65% .56%H -% -% 
Expenses net of all reductions .63%G .64% .65% .56%H -% -% 
Net investment income (loss) .48%G 1.72% 1.70% 1.28% 1.66% 1.75% 
Supplemental Data       
Net assets, end of period (000 omitted) $11,498,335 $9,905,175 $10,953,002 $10,923,217 $9,764,547 $8,717,568 
Portfolio turnover rateJ 23%G 29% 19% 18%K 19% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount represents less than .005%.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2025 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.32 $13.82 $14.33 $14.02 
Income from Investment Operations     
Net investment income (loss)B .04 .25 .25 .23 
Net realized and unrealized gain (loss) 2.40 (.87) .08 .50 
Total from investment operations 2.44 (.62) .33 .73 
Distributions from net investment income (.01) (.26) (.24) (.18) 
Distributions from net realized gain (.32) (.63) (.59) (.24) 
Total distributions (.33) (.88)C (.84)C (.42) 
Net asset value, end of period $14.43 $12.32 $13.82 $14.33 
Total ReturnD,E 20.13% (5.11)% 2.61% 5.18% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .55%H .56% .57% .58%H,I 
Expenses net of fee waivers, if any .55%H .56% .57% .58%H,I 
Expenses net of all reductions .55%H .56% .57% .58%H,I 
Net investment income (loss) .56%H 1.81% 1.79% 2.28%H 
Supplemental Data     
Net assets, end of period (000 omitted) $12,992,123 $11,470,984 $13,768,298 $15,743,238 
Portfolio turnover rateJ 23%H 29% 19% 18%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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2025 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.30 $13.81 $14.35 $13.80 
Income from Investment Operations     
Net investment income (loss)B .05 .27 .26 .21 
Net realized and unrealized gain (loss) 2.40 (.87) .08 .76 
Total from investment operations 2.45 (.60) .34 .97 
Distributions from net investment income (.02) (.28) (.29) (.19) 
Distributions from net realized gain (.32) (.63) (.59) (.24) 
Total distributions (.34) (.91) (.88) (.42)C 
Net asset value, end of period $14.41 $12.30 $13.81 $14.35 
Total ReturnD,E 20.21% (5.02)% 2.73% 7.02% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .44%H .45% .45% .46%H,I 
Expenses net of fee waivers, if any .44%H .45% .45% .46%H,I 
Expenses net of all reductions .44%H .45% .45% .46%H,I 
Net investment income (loss) .67%H 1.92% 1.90% 1.78%H 
Supplemental Data     
Net assets, end of period (000 omitted) $3,542,689 $2,897,146 $2,419,859 $625,475 
Portfolio turnover rateJ 23%H 29% 19% 18%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 Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2030 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 19.9 
Fidelity Series Emerging Markets Opportunities Fund 11.2 
Fidelity Series Intrinsic Opportunities Fund 5.9 
Fidelity Series Growth Company Fund 5.7 
Fidelity Series Inflation-Protected Bond Index Fund 5.5 
Fidelity Series International Growth Fund 5.1 
Fidelity Series Overseas Fund 5.1 
Fidelity Series International Value Fund 5.1 
Fidelity Series Large Cap Stock Fund 5.0 
Fidelity Series Stock Selector Large Cap Value Fund 4.1 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.8% 
   International Equity Funds 31.0% 
   Bond Funds 29.5% 
   Short-Term Funds 1.6% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2030 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $41,582,298) 41,590,000 41,582,638 
 Shares Value 
Domestic Equity Funds - 37.8%   
Fidelity Series All-Sector Equity Fund (b) 47,736,069 $508,389,134 
Fidelity Series Blue Chip Growth Fund (b) 46,037,154 760,073,406 
Fidelity Series Commodity Strategy Fund (b) 199,504,512 829,938,769 
Fidelity Series Growth Company Fund (b) 73,855,465 1,935,751,727 
Fidelity Series Intrinsic Opportunities Fund (b) 126,558,217 2,002,150,996 
Fidelity Series Large Cap Stock Fund (b) 118,785,045 1,681,996,243 
Fidelity Series Large Cap Value Index Fund (b) 50,838,031 589,721,163 
Fidelity Series Opportunistic Insights Fund (b) 51,087,242 1,105,017,037 
Fidelity Series Small Cap Discovery Fund (b) 20,660,196 208,874,585 
Fidelity Series Small Cap Opportunities Fund (b) 54,110,380 690,448,446 
Fidelity Series Stock Selector Large Cap Value Fund (b) 127,418,174 1,401,599,913 
Fidelity Series Value Discovery Fund (b) 86,634,900 1,070,807,364 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,826,181,945)  12,784,768,783 
International Equity Funds - 31.0%   
Fidelity Series Canada Fund (b) 56,723,798 580,284,458 
Fidelity Series Emerging Markets Fund (b) 44,749,780 421,990,422 
Fidelity Series Emerging Markets Opportunities Fund (b) 180,349,244 3,783,727,135 
Fidelity Series International Growth Fund (b) 91,803,851 1,724,076,326 
Fidelity Series International Small Cap Fund (b) 29,923,930 532,645,958 
Fidelity Series International Value Fund (b) 198,234,372 1,708,780,286 
Fidelity Series Overseas Fund (b) 153,988,460 1,721,590,980 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $8,592,493,224)  10,473,095,565 
Bond Funds - 29.5%   
Fidelity Series Emerging Markets Debt Fund (b) 21,907,659 198,483,393 
Fidelity Series Floating Rate High Income Fund (b) 4,163,915 36,850,644 
Fidelity Series High Income Fund (b) 25,059,876 228,546,073 
Fidelity Series Inflation-Protected Bond Index Fund (b) 174,214,590 1,864,096,112 
Fidelity Series International Credit Fund (b) 1,690,062 17,593,550 
Fidelity Series Investment Grade Bond Fund (b) 549,719,668 6,728,568,736 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 74,455,437 769,124,667 
Fidelity Series Real Estate Income Fund (b) 13,549,505 135,224,055 
TOTAL BOND FUNDS   
(Cost $9,304,472,101)  9,978,487,230 
Short-Term Funds - 1.6%   
Fidelity Cash Central Fund 0.10% (c) 47,126,571 47,135,997 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 416,652,322 416,652,322 
Fidelity Series Short-Term Credit Fund (b) 5,446,378 55,825,370 
TOTAL SHORT-TERM FUNDS   
(Cost $517,581,752)  519,613,689 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $28,282,311,320)  33,797,547,905 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,232,319) 
NET ASSETS - 100%  $33,795,315,586 

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) 418 Dec. 2020 $38,731,880 $(752,979) $(752,979) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 583 Dec. 2020 31,729,775 (13,018) (13,018) 
TOTAL PURCHASED     (795,997) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 1,780 Dec. 2020 298,328,000 (1,947,552) (1,947,552) 
TOTAL FUTURES CONTRACTS     $(2,713,549) 

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 0.9%

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 $41,582,638.

 (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 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 $48,357 
Total $48,357 

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 All-Sector Equity Fund $393,967,790 $1,990,159 $25,591,303 $-- $(4,116,146) $142,138,634 $508,389,134 
Fidelity Series Blue Chip Growth Fund 716,855,106 160,367,096 368,629,253 157,271,744 165,778,194 85,702,263 760,073,406 
Fidelity Series Canada Fund 411,006,158 78,843,765 14,832,374 -- (1,471,976) 106,738,885 580,284,458 
Fidelity Series Commodity Strategy Fund 967,436,715 13,792,044 256,881,932 3,586,623 (115,591,728) 221,183,670 829,938,769 
Fidelity Series Emerging Markets Debt Fund 178,867,660 6,082,490 8,541,495 5,195,557 117,876 21,956,862 198,483,393 
Fidelity Series Emerging Markets Fund 262,115,431 80,000,401 21,477,202 -- 60,599 101,291,193 421,990,422 
Fidelity Series Emerging Markets Opportunities Fund 2,490,261,251 603,539,713 275,031,152 -- 7,528,856 957,428,467 3,783,727,135 
Fidelity Series Floating Rate High Income Fund 34,443,433 1,034,423 2,066,490 819,843 (139,449) 3,578,727 36,850,644 
Fidelity Series Government Money Market Fund 0.16% 880,988,473 296,692,385 761,028,536 666,072 -- -- 416,652,322 
Fidelity Series Growth Company Fund 1,488,543,420 6,995,500 492,991,439 -- 276,241,111 656,963,135 1,935,751,727 
Fidelity Series High Income Fund 209,352,196 7,270,476 10,332,455 6,197,571 (100,839) 22,356,695 228,546,073 
Fidelity Series Inflation-Protected Bond Index Fund 1,497,526,674 398,616,818 130,485,984 1,337,010 688,236 97,750,368 1,864,096,112 
Fidelity Series International Credit Fund 15,917,457 247,378 -- 247,378 -- 1,428,715 17,593,550 
Fidelity Series International Growth Fund 1,838,239,891 7,354,391 586,863,864 -- 165,386,777 299,959,131 1,724,076,326 
Fidelity Series International Small Cap Fund 427,359,835 2,085,982 34,503,878 -- 2,644,327 135,059,692 532,645,958 
Fidelity Series International Value Fund 1,593,300,623 49,306,251 251,978,704 -- (50,927,028) 369,079,144 1,708,780,286 
Fidelity Series Intrinsic Opportunities Fund 1,664,194,036 35,416,820 98,038,992 27,593,896 (9,089,659) 409,668,791 2,002,150,996 
Fidelity Series Investment Grade Bond Fund 5,712,460,309 1,208,872,513 542,758,514 81,204,749 271,643 349,722,785 6,728,568,736 
Fidelity Series Large Cap Stock Fund 1,439,947,985 66,631,585 83,357,394 59,553,451 (50,119) 258,824,186 1,681,996,243 
Fidelity Series Large Cap Value Index Fund 395,293,959 135,203,281 22,359,046 -- (1,573,637) 83,156,606 589,721,163 
Fidelity Series Long-Term Treasury Bond Index Fund 717,667,010 157,826,790 84,188,500 18,802,380 10,918,337 (33,098,970) 769,124,667 
Fidelity Series Opportunistic Insights Fund 810,250,181 4,045,290 38,758,352 -- 11,798,148 317,681,770 1,105,017,037 
Fidelity Series Overseas Fund 1,540,968,330 25,810,741 280,358,702 -- (15,909,368) 451,079,979 1,721,590,980 
Fidelity Series Real Estate Income Fund 115,537,176 5,000,569 6,475,649 4,327,571 (710,509) 21,872,468 135,224,055 
Fidelity Series Short-Term Credit Fund 53,273,544 730,574 174,856 607,197 (919) 1,997,027 55,825,370 
Fidelity Series Small Cap Discovery Fund 160,684,589 1,482,324 8,839,047 568,606 (584,842) 56,131,561 208,874,585 
Fidelity Series Small Cap Opportunities Fund 561,149,981 14,230,368 28,659,532 4,153,802 (858,410) 144,586,039 690,448,446 
Fidelity Series Stock Selector Large Cap Value Fund 1,055,251,278 171,100,642 62,927,967 -- (3,821,691) 241,997,651 1,401,599,913 
Fidelity Series Value Discovery Fund 786,111,272 137,064,846 41,973,817 -- (3,069,520) 192,674,583 1,070,807,364 
 $28,418,971,763 $3,677,635,615 $4,540,106,429 $372,133,450 $433,418,264 $5,718,910,057 $33,708,829,270 

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 September 30, 2020, 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 $41,582,638 $-- $41,582,638 $-- 
Domestic Equity Funds 12,784,768,783 12,784,768,783 -- -- 
International Equity Funds 10,473,095,565 10,473,095,565 -- -- 
Bond Funds 9,978,487,230 9,978,487,230 -- -- 
Short-Term Funds 519,613,689 519,613,689 -- -- 
Total Investments in Securities: $33,797,547,905 $33,755,965,267 $41,582,638 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(2,713,549) $(2,713,549) $-- $-- 
Total Liabilities $(2,713,549) $(2,713,549) $-- $-- 
Total Derivative Instruments: $(2,713,549) $(2,713,549) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(2,713,549) 
Total Equity Risk (2,713,549) 
Total Value of Derivatives $0 $(2,713,549) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $41,582,298) 
$41,582,638  
Fidelity Central Funds (cost $47,134,891) 47,135,997  
Other affiliated issuers (cost $28,193,594,131) 33,708,829,270  
Total Investment in Securities (cost $28,282,311,320)  $33,797,547,905 
Receivable for investments sold  223,340,756 
Receivable for fund shares sold  22,582,700 
Distributions receivable from Fidelity Central Funds  4,219 
Other receivables  242,856 
Total assets  34,043,718,436 
Liabilities   
Payable for investments purchased $209,641,618  
Payable for fund shares redeemed 19,846,910  
Accrued management fee 17,260,732  
Payable for daily variation margin on futures contracts 1,410,735  
Other payables and accrued expenses 242,855  
Total liabilities  248,402,850 
Net Assets  $33,795,315,586 
Net Assets consist of:   
Paid in capital  $27,679,933,198 
Total accumulated earnings (loss)  6,115,382,388 
Net Assets  $33,795,315,586 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($14,016,011,263 ÷ 784,925,782 shares)  $17.86 
Class K:   
Net Asset Value, offering price and redemption price per share ($15,754,243,994 ÷ 882,940,380 shares)  $17.84 
Class K6:   
Net Asset Value, offering price and redemption price per share ($4,025,060,329 ÷ 225,940,836 shares)  $17.81 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $168,747,468 
Interest  39,004 
Income from Fidelity Central Funds  48,357 
Total income  168,834,829 
Expenses   
Management fee $98,404,352  
Independent trustees' fees and expenses 43,782  
Total expenses before reductions 98,448,134  
Expense reductions (25)  
Total expenses after reductions  98,448,109 
Net investment income (loss)  70,386,720 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (7,440)  
Other affiliated issuers 433,418,264  
Futures contracts (25,835,492)  
Capital gain distributions from underlying funds:   
Affiliated issuers 203,385,982  
Total net realized gain (loss)  610,961,314 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (19,340)  
Fidelity Central Funds (2,186)  
Other affiliated issuers 5,718,910,057  
Futures contracts (2,713,549)  
Total change in net unrealized appreciation (depreciation)  5,716,174,982 
Net gain (loss)  6,327,136,296 
Net increase (decrease) in net assets resulting from operations  $6,397,523,016 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $70,386,720 $569,540,942 
Net realized gain (loss) 610,961,314 1,520,300,325 
Change in net unrealized appreciation (depreciation) 5,716,174,982 (4,097,996,425) 
Net increase (decrease) in net assets resulting from operations 6,397,523,016 (2,008,155,158) 
Distributions to shareholders (879,384,147) (2,275,634,739) 
Share transactions - net increase (decrease) (256,908,719) 747,107,607 
Total increase (decrease) in net assets 5,261,230,150 (3,536,682,290) 
Net Assets   
Beginning of period 28,534,085,436 32,070,767,726 
End of period $33,795,315,586 $28,534,085,436 

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


Financial Highlights

Fidelity Freedom 2030 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $14.98 $17.20 $18.00 $16.72 $15.20 $16.62 
Income from Investment Operations       
Net investment income (loss)A .03 .29 .28 .21 .25 .25 
Net realized and unrealized gain (loss) 3.31 (1.30) .07 1.90 1.90 (.75) 
Total from investment operations 3.34 (1.01) .35 2.11 2.15 (.50) 
Distributions from net investment income B (.30) (.28) (.22) (.25) (.26) 
Distributions from net realized gain (.46) (.92) (.87) (.61) (.38) (.67) 
Total distributions (.46) (1.21)C (1.15) (.83) (.63) (.92)C 
Net asset value, end of period $17.86 $14.98 $17.20 $18.00 $16.72 $15.20 
Total ReturnD,E 22.72% (6.69)% 2.32% 12.78% 14.58% (3.17)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .68%H .69% .69%I .59% - %J - %J 
Expenses net of fee waivers, if any .68%H .69% .69%I .59% -% -% 
Expenses net of all reductions .68%H .69% .69%I .59% -% -% 
Net investment income (loss) .37%H 1.68% 1.61% 1.20% 1.57% 1.59% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,016,011 $11,724,021 $12,905,055 $12,684,794 $11,305,668 $10,150,137 
Portfolio turnover rateK 23%H 31% 18% 18%L 17% 16% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2030 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.97 $17.18 $17.98 $17.47 
Income from Investment Operations     
Net investment income (loss)B .04 .30 .30 .28 
Net realized and unrealized gain (loss) 3.30 (1.29) .06 .81 
Total from investment operations 3.34 (.99) .36 1.09 
Distributions from net investment income (.01) (.31) (.29) (.24) 
Distributions from net realized gain (.46) (.92) (.87) (.35) 
Total distributions (.47) (1.22)C (1.16) (.58)C 
Net asset value, end of period $17.84 $14.97 $17.18 $17.98 
Total ReturnD,E 22.70% (6.57)% 2.40% 6.24% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .59%H .59% .60% .62%H,I 
Expenses net of fee waivers, if any .59%H .59% .60% .62%H,I 
Expenses net of all reductions .59%H .59% .60% .62%H,I 
Net investment income (loss) .46%H 1.77% 1.70% 2.23%H 
Supplemental Data     
Net assets, end of period (000 omitted) $15,754,244 $13,601,568 $16,527,856 $18,414,961 
Portfolio turnover rateJ 23%H 31% 18% 18%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 per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2030 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $14.94 $17.17 $18.00 $17.15 
Income from Investment Operations     
Net investment income (loss)B .05 .33 .31 .26 
Net realized and unrealized gain (loss) 3.29 (1.30) .08 1.18 
Total from investment operations 3.34 (.97) .39 1.44 
Distributions from net investment income (.01) (.34) (.33) (.24) 
Distributions from net realized gain (.46) (.92) (.89) (.35) 
Total distributions (.47) (1.26) (1.22) (.59) 
Net asset value, end of period $17.81 $14.94 $17.17 $18.00 
Total ReturnC,D 22.79% (6.52)% 2.57% 8.35% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .46%G .47% .47% .48%G,H 
Expenses net of fee waivers, if any .46%G .47% .47% .48%G,H 
Expenses net of all reductions .46%G .47% .47% .48%G,H 
Net investment income (loss) .58%G 1.90% 1.83% 1.76%G 
Supplemental Data     
Net assets, end of period (000 omitted) $4,025,060 $3,208,497 $2,637,856 $821,874 
Portfolio turnover rateI 23%G 31% 18% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 12.9 
Fidelity Series Investment Grade Bond Fund 8.9 
Fidelity Series Intrinsic Opportunities Fund 7.3 
Fidelity Series Growth Company Fund 7.2 
Fidelity Series International Growth Fund 6.3 
Fidelity Series Large Cap Stock Fund 6.3 
Fidelity Series Overseas Fund 6.3 
Fidelity Series International Value Fund 6.2 
Fidelity Series Stock Selector Large Cap Value Fund 5.1 
Fidelity Series Opportunistic Insights Fund 4.0 
 70.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 46.4% 
   International Equity Funds 37.1% 
   Bond Funds 15.0% 
   Short-Term Funds 1.4% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2035 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $24,605,368) 24,610,000 24,605,611 
 Shares Value 
Domestic Equity Funds - 46.4%   
Fidelity Series All-Sector Equity Fund (b) 42,141,483 $448,806,791 
Fidelity Series Blue Chip Growth Fund (b) 41,452,053 684,373,395 
Fidelity Series Commodity Strategy Fund (b) 143,177,340 595,617,734 
Fidelity Series Growth Company Fund (b) 66,614,196 1,745,958,069 
Fidelity Series Intrinsic Opportunities Fund (b) 111,774,514 1,768,272,812 
Fidelity Series Large Cap Stock Fund (b) 106,711,517 1,511,035,079 
Fidelity Series Large Cap Value Index Fund (b) 44,206,354 512,793,708 
Fidelity Series Opportunistic Insights Fund (b) 44,387,944 960,111,225 
Fidelity Series Small Cap Discovery Fund (b) 18,479,152 186,824,222 
Fidelity Series Small Cap Opportunities Fund (b) 48,124,299 614,066,052 
Fidelity Series Stock Selector Large Cap Value Fund (b) 112,615,108 1,238,766,192 
Fidelity Series Value Discovery Fund (b) 76,031,981 939,755,280 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,813,742,711)  11,206,380,559 
International Equity Funds - 37.1%   
Fidelity Series Canada Fund (b) 49,923,622 510,718,654 
Fidelity Series Emerging Markets Fund (b) 36,344,723 342,730,735 
Fidelity Series Emerging Markets Opportunities Fund (b) 148,608,093 3,117,797,781 
Fidelity Series International Growth Fund (b) 80,503,370 1,511,853,292 
Fidelity Series International Small Cap Fund (b) 26,029,514 463,325,348 
Fidelity Series International Value Fund (b) 174,049,381 1,500,305,668 
Fidelity Series Overseas Fund (b) 135,032,732 1,509,665,946 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $7,500,089,829)  8,956,397,424 
Bond Funds - 15.0%   
Fidelity Series Emerging Markets Debt Fund (b) 15,177,614 137,509,181 
Fidelity Series Floating Rate High Income Fund (b) 2,974,295 26,322,510 
Fidelity Series High Income Fund (b) 17,933,383 163,552,454 
Fidelity Series Inflation-Protected Bond Index Fund (b) 44,393,610 475,011,626 
Fidelity Series International Credit Fund (b) 1,125,486 11,716,308 
Fidelity Series Investment Grade Bond Fund (b) 175,556,697 2,148,813,976 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 53,139,917 548,935,342 
Fidelity Series Real Estate Income Fund (b) 9,495,980 94,769,881 
TOTAL BOND FUNDS   
(Cost $3,403,085,202)  3,606,631,278 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (c) 48,313,649 48,323,312 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 257,081,999 257,081,999 
Fidelity Series Short-Term Credit Fund (b) 3,970,835 40,701,062 
TOTAL SHORT-TERM FUNDS   
(Cost $344,694,038)  346,106,373 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $20,086,217,148)  24,140,121,245 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,361,976) 
NET ASSETS - 100%  $24,138,759,269 

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) 434 Dec. 2020 $40,214,440 $(519,891) $(519,891) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 607 Dec. 2020 101,733,200 (664,137) (664,137) 
TOTAL FUTURES CONTRACTS     $(1,184,028) 

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 $24,605,611.

 (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 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 $38,144 
Total $38,144 

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 All-Sector Equity Fund $349,648,749 $3,230,490 $26,101,980 $-- $(4,958,650) $126,988,182 $448,806,791 
Fidelity Series Blue Chip Growth Fund 633,808,007 149,069,215 315,613,795 143,993,463 134,015,804 83,094,164 684,373,395 
Fidelity Series Canada Fund 346,122,519 91,211,660 15,968,375 -- (1,254,493) 90,607,343 510,718,654 
Fidelity Series Commodity Strategy Fund 644,799,085 22,054,695 145,861,146 2,572,153 (47,910,129) 122,535,229 595,617,734 
Fidelity Series Emerging Markets Debt Fund 123,242,762 4,761,276 5,730,266 3,590,173 (143,287) 15,378,696 137,509,181 
Fidelity Series Emerging Markets Fund 212,833,728 65,349,714 16,340,143 -- (75,684) 80,963,120 342,730,735 
Fidelity Series Emerging Markets Opportunities Fund 2,000,663,934 495,466,391 148,407,580 -- 9,338,669 760,736,367 3,117,797,781 
Fidelity Series Floating Rate High Income Fund 24,399,593 866,614 1,386,354 583,284 (26,051) 2,468,708 26,322,510 
Fidelity Series Government Money Market Fund 0.16% 578,212,175 179,573,237 500,703,413 458,782 -- -- 257,081,999 
Fidelity Series Growth Company Fund 1,320,805,016 11,149,639 406,161,216 -- 211,651,089 608,513,541 1,745,958,069 
Fidelity Series High Income Fund 148,793,218 5,837,345 6,931,775 4,420,685 (120,912) 15,974,578 163,552,454 
Fidelity Series Inflation-Protected Bond Index Fund 408,458,648 87,439,536 46,355,330 349,232 294,561 25,174,211 475,011,626 
Fidelity Series International Credit Fund 10,600,125 164,739 -- 164,740 -- 951,444 11,716,308 
Fidelity Series International Growth Fund 1,518,337,992 11,722,819 412,139,380 -- 82,748,757 311,183,104 1,511,853,292 
Fidelity Series International Small Cap Fund 360,973,191 5,332,341 20,466,937 -- (194,199) 117,680,952 463,325,348 
Fidelity Series International Value Fund 1,344,248,001 40,028,516 155,525,356 -- (34,676,029) 306,230,536 1,500,305,668 
Fidelity Series Intrinsic Opportunities Fund 1,447,923,507 37,955,440 67,355,173 24,197,606 (7,015,990) 356,765,028 1,768,272,812 
Fidelity Series Investment Grade Bond Fund 1,615,012,011 612,267,373 176,990,783 23,832,690 (880,014) 99,405,389 2,148,813,976 
Fidelity Series Large Cap Stock Fund 1,276,467,283 64,801,381 59,265,309 52,789,410 (3,065,469) 232,097,193 1,511,035,079 
Fidelity Series Large Cap Value Index Fund 350,723,921 108,749,613 18,890,726 -- (1,262,094) 73,472,994 512,793,708 
Fidelity Series Long-Term Treasury Bond Index Fund 467,880,223 134,388,016 37,693,498 13,077,874 1,496,509 (17,135,908) 548,935,342 
Fidelity Series Opportunistic Insights Fund 717,817,047 6,581,638 52,006,054 -- 3,385,267 284,333,327 960,111,225 
Fidelity Series Overseas Fund 1,236,233,166 69,525,065 161,923,125 -- (7,305,940) 373,136,780 1,509,665,946 
Fidelity Series Real Estate Income Fund 80,430,397 3,913,418 4,343,952 3,025,605 (397,726) 15,167,744 94,769,881 
Fidelity Series Short-Term Credit Fund 38,699,571 605,850 59,035 442,631 (253) 1,454,929 40,701,062 
Fidelity Series Small Cap Discovery Fund 142,603,303 2,023,897 7,262,902 506,710 (635,983) 50,095,907 186,824,222 
Fidelity Series Small Cap Opportunities Fund 498,073,814 8,859,807 20,597,725 3,691,715 (1,116,707) 128,846,863 614,066,052 
Fidelity Series Stock Selector Large Cap Value Fund 936,560,982 131,394,322 40,640,118 -- (1,564,431) 213,015,437 1,238,766,192 
Fidelity Series Value Discovery Fund 697,006,295 108,655,277 35,216,402 -- (2,059,044) 171,369,154 939,755,280 
 $19,531,378,263 $2,462,979,324 $2,905,937,848 $277,696,753 $328,267,571 $4,650,505,012 $24,067,192,322 

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 September 30, 2020, 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 $24,605,611 $-- $24,605,611 $-- 
Domestic Equity Funds 11,206,380,559 11,206,380,559 -- -- 
International Equity Funds 8,956,397,424 8,956,397,424 -- -- 
Bond Funds 3,606,631,278 3,606,631,278 -- -- 
Short-Term Funds 346,106,373 346,106,373 -- -- 
Total Investments in Securities: $24,140,121,245 $24,115,515,634 $24,605,611 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,184,028) $(1,184,028) $-- $-- 
Total Liabilities $(1,184,028) $(1,184,028) $-- $-- 
Total Derivative Instruments: $(1,184,028) $(1,184,028) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,184,028) 
Total Equity Risk (1,184,028) 
Total Value of Derivatives $0 $(1,184,028) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $24,605,368) 
$24,605,611  
Fidelity Central Funds (cost $48,322,949) 48,323,312  
Other affiliated issuers (cost $20,013,288,831) 24,067,192,322  
Total Investment in Securities (cost $20,086,217,148)  $24,140,121,245 
Receivable for investments sold  155,800,067 
Receivable for fund shares sold  21,438,395 
Distributions receivable from Fidelity Central Funds  4,406 
Total assets  24,317,364,113 
Liabilities   
Payable for investments purchased $144,330,043  
Payable for fund shares redeemed 20,615,803  
Accrued management fee 12,920,066  
Payable for daily variation margin on futures contracts 738,932  
Total liabilities  178,604,844 
Net Assets  $24,138,759,269 
Net Assets consist of:   
Paid in capital  $19,627,026,549 
Total accumulated earnings (loss)  4,511,732,720 
Net Assets  $24,138,759,269 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($9,173,979,491 ÷ 612,007,038 shares)  $14.99 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,601,248,814 ÷ 774,879,912 shares)  $14.97 
Class K6:   
Net Asset Value, offering price and redemption price per share ($3,363,530,964 ÷ 224,901,402 shares)  $14.96 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $95,352,764 
Interest  41,211 
Income from Fidelity Central Funds  38,144 
Total income  95,432,119 
Expenses   
Management fee $72,832,525  
Independent trustees' fees and expenses 30,641  
Total expenses before reductions 72,863,166  
Expense reductions (49)  
Total expenses after reductions  72,863,117 
Net investment income (loss)  22,569,002 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (5,842)  
Other affiliated issuers 328,267,571  
Futures contracts (16,211,655)  
Capital gain distributions from underlying funds:   
Affiliated issuers 182,343,989  
Total net realized gain (loss)  494,394,063 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (25,229)  
Fidelity Central Funds (2,051)  
Other affiliated issuers 4,650,505,012  
Futures contracts (1,184,028)  
Total change in net unrealized appreciation (depreciation)  4,649,293,704 
Net gain (loss)  5,143,687,767 
Net increase (decrease) in net assets resulting from operations  $5,166,256,769 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $22,569,002 $374,514,876 
Net realized gain (loss) 494,394,063 1,022,450,167 
Change in net unrealized appreciation (depreciation) 4,649,293,704 (3,404,610,611) 
Net increase (decrease) in net assets resulting from operations 5,166,256,769 (2,007,645,568) 
Distributions to shareholders (634,416,236) (1,589,726,158) 
Share transactions - net increase (decrease) (28,188,534) 1,105,568,240 
Total increase (decrease) in net assets 4,503,651,999 (2,491,803,486) 
Net Assets   
Beginning of period 19,635,107,270 22,126,910,756 
End of period $24,138,759,269 $19,635,107,270 

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


Financial Highlights

Fidelity Freedom 2035 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.21 $14.42 $15.20 $13.88 $12.46 $13.67 
Income from Investment Operations       
Net investment income (loss)A .01 .23 .21 .16 .19 .19 
Net realized and unrealized gain (loss) 3.16 (1.42) .01 1.81 1.75 (.65) 
Total from investment operations 3.17 (1.19) .22 1.97 1.94 (.46) 
Distributions from net investment income – (.23) (.22) (.17) (.18) (.20) 
Distributions from net realized gain (.39) (.79) (.78) (.47) (.34) (.55) 
Total distributions (.39) (1.02) (1.00) (.65)B (.52) (.75) 
Net asset value, end of period $14.99 $12.21 $14.42 $15.20 $13.88 $12.46 
Total ReturnC,D 26.49% (9.25)% 1.85% 14.32% 16.09% (3.59)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .72%G .73% .74% .63%H - %I - %I 
Expenses net of fee waivers, if any .72%G .73% .74% .63%H -% -% 
Expenses net of all reductions .72%G .73% .74% .63%H -% -% 
Net investment income (loss) .12%G 1.57% 1.41% 1.06% 1.45% 1.48% 
Supplemental Data       
Net assets, end of period (000 omitted) $9,173,979 $7,408,043 $8,247,886 $8,050,659 $6,889,828 $5,961,088 
Portfolio turnover rateJ 22%G 31% 18% 17%K 16% 15% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount represents less than .005%.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2035 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.19 $14.40 $15.18 $14.60 
Income from Investment Operations     
Net investment income (loss)B .02 .24 .22 .22 
Net realized and unrealized gain (loss) 3.16 (1.42) .01 .82 
Total from investment operations 3.18 (1.18) .23 1.04 
Distributions from net investment income – (.24) (.23) (.19) 
Distributions from net realized gain (.40) (.79) (.78) (.26) 
Total distributions (.40) (1.03) (1.01) (.46)C 
Net asset value, end of period $14.97 $12.19 $14.40 $15.18 
Total ReturnD,E 26.56% (9.19)% 1.95% 7.09% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .62%H .63% .64% .65%H,I 
Expenses net of fee waivers, if any .62%H .63% .64% .65%H,I 
Expenses net of all reductions .62%H .63% .64% .65%H,I 
Net investment income (loss) .22%H 1.67% 1.51% 2.07%H 
Supplemental Data     
Net assets, end of period (000 omitted) $11,601,249 $9,620,448 $11,661,819 $12,979,898 
Portfolio turnover rateJ 22%H 31% 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 Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2035 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.17 $14.39 $15.20 $14.30 
Income from Investment Operations     
Net investment income (loss)B .03 .26 .24 .20 
Net realized and unrealized gain (loss) 3.16 (1.42) .01 1.16 
Total from investment operations 3.19 (1.16) .25 1.36 
Distributions from net investment income – (.26) (.27) (.20) 
Distributions from net realized gain (.40) (.80) (.79) (.26) 
Total distributions (.40) (1.06) (1.06) (.46) 
Net asset value, end of period $14.96 $12.17 $14.39 $15.20 
Total ReturnC,D 26.74% (9.08)% 2.10% 9.50% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .48%G .49% .49% .50%G,H 
Expenses net of fee waivers, if any .48%G .49% .49% .50%G,H 
Expenses net of all reductions .48%G .49% .49% .50%G,H 
Net investment income (loss) .36%G 1.82% 1.65% 1.61%G 
Supplemental Data     
Net assets, end of period (000 omitted) $3,363,531 $2,606,617 $2,217,206 $712,276 
Portfolio turnover rateI 22%G 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 8.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Value Discovery Fund 4.3 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2040 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $28,424,502) 28,430,000 28,424,859 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 46,511,256 $495,344,881 
Fidelity Series Blue Chip Growth Fund (b) 47,472,495 783,770,900 
Fidelity Series Commodity Strategy Fund (b) 144,975,021 603,096,088 
Fidelity Series Growth Company Fund (b) 76,726,848 2,011,010,691 
Fidelity Series Intrinsic Opportunities Fund (b) 122,985,508 1,945,630,736 
Fidelity Series Large Cap Stock Fund (b) 118,759,786 1,681,638,564 
Fidelity Series Large Cap Value Index Fund (b) 48,751,388 565,516,106 
Fidelity Series Opportunistic Insights Fund (b) 48,653,578 1,052,376,895 
Fidelity Series Small Cap Discovery Fund (b) 20,816,240 210,452,187 
Fidelity Series Small Cap Opportunities Fund (b) 53,262,298 679,626,917 
Fidelity Series Stock Selector Large Cap Value Fund (b) 125,763,080 1,383,393,883 
Fidelity Series Value Discovery Fund (b) 84,449,221 1,043,792,368 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,723,991,796)  12,455,650,216 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 55,361,490 566,348,044 
Fidelity Series Emerging Markets Fund (b) 39,456,217 372,072,126 
Fidelity Series Emerging Markets Opportunities Fund (b) 160,479,675 3,366,863,590 
Fidelity Series International Growth Fund (b) 89,377,612 1,678,511,562 
Fidelity Series International Small Cap Fund (b) 28,852,299 513,570,919 
Fidelity Series International Value Fund (b) 193,162,035 1,665,056,740 
Fidelity Series Overseas Fund (b) 149,918,648 1,676,090,486 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $8,276,351,321)  9,838,513,467 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 14,941,850 135,373,162 
Fidelity Series Floating Rate High Income Fund (b) 2,957,938 26,177,754 
Fidelity Series High Income Fund (b) 17,899,135 163,240,108 
Fidelity Series Inflation-Protected Bond Index Fund (b) 44,406,431 475,148,810 
Fidelity Series International Credit Fund (b) 1,094,112 11,389,701 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 52,585,826 543,211,585 
Fidelity Series Real Estate Income Fund (b) 9,611,043 95,918,206 
TOTAL BOND FUNDS   
(Cost $1,376,955,966)  1,450,459,326 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 50,824,323 50,834,488 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 279,921,821 279,921,821 
Fidelity Series Short-Term Credit Fund (b) 4,004,212 41,043,174 
TOTAL SHORT-TERM FUNDS   
(Cost $370,584,991)  371,799,483 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $19,776,308,576)  24,144,847,351 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,620,355) 
NET ASSETS - 100%  $24,143,226,996 

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) 560 Dec. 2020 $51,889,600 $(988,975) $(988,975) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 269 Dec. 2020 45,084,400 (294,321) (294,321) 
TOTAL FUTURES CONTRACTS     $(1,283,296) 

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 0.2%

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 $28,424,859.

 (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 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 $37,340 
Total $37,340 

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 All-Sector Equity Fund $379,844,160 $3,303,171 $21,691,255 $-- $(1,609,880) $135,498,685 $495,344,881 
Fidelity Series Blue Chip Growth Fund 694,320,587 183,884,118 309,906,004 178,298,370 94,424,587 121,047,612 783,770,900 
Fidelity Series Canada Fund 378,931,606 101,341,317 12,012,269 -- (1,228,834) 99,316,224 566,348,044 
Fidelity Series Commodity Strategy Fund 646,206,631 28,982,683 145,791,042 2,580,064 (51,448,853) 125,146,669 603,096,088 
Fidelity Series Emerging Markets Debt Fund 121,561,538 4,609,217 5,803,326 3,536,323 (96,537) 15,102,270 135,373,162 
Fidelity Series Emerging Markets Fund 226,559,024 75,551,474 15,445,300 -- (108,177) 85,515,105 372,072,126 
Fidelity Series Emerging Markets Opportunities Fund 2,128,703,375 524,516,946 101,166,443 -- 6,274,396 808,535,316 3,366,863,590 
Fidelity Series Floating Rate High Income Fund 24,311,225 839,911 1,404,030 580,339 (34,577) 2,465,225 26,177,754 
Fidelity Series Government Money Market Fund 0.16% 579,793,482 190,397,878 490,269,539 471,130 -- -- 279,921,821 
Fidelity Series Growth Company Fund 1,429,457,131 12,357,278 324,413,841 -- 168,259,143 725,350,980 2,011,010,691 
Fidelity Series High Income Fund 148,721,571 5,711,428 7,020,153 4,413,573 (51,146) 15,878,408 163,240,108 
Fidelity Series Inflation-Protected Bond Index Fund 413,241,334 94,858,377 58,473,159 347,208 146,546 25,375,712 475,148,810 
Fidelity Series International Credit Fund 10,304,633 160,147 -- 160,147 -- 924,921 11,389,701 
Fidelity Series International Growth Fund 1,620,917,039 10,579,503 382,208,320 -- 81,244,585 347,978,755 1,678,511,562 
Fidelity Series International Small Cap Fund 387,510,225 21,408,641 22,936,229 -- (391,843) 127,980,125 513,570,919 
Fidelity Series International Value Fund 1,449,691,547 48,304,394 126,103,976 -- (24,953,406) 318,118,181 1,665,056,740 
Fidelity Series Intrinsic Opportunities Fund 1,586,816,675 51,395,917 76,144,180 26,569,886 (6,715,159) 390,277,483 1,945,630,736 
Fidelity Series Large Cap Stock Fund 1,407,477,972 99,922,389 75,910,041 57,717,804 (6,719,209) 256,867,453 1,681,638,564 
Fidelity Series Large Cap Value Index Fund 386,286,675 121,619,245 21,229,826 -- (1,478,800) 80,318,812 565,516,106 
Fidelity Series Long-Term Treasury Bond Index Fund 471,792,052 133,289,835 46,464,694 12,756,537 5,362,798 (20,768,406) 543,211,585 
Fidelity Series Opportunistic Insights Fund 786,510,852 6,722,099 56,032,929 -- 3,906,681 311,270,192 1,052,376,895 
Fidelity Series Overseas Fund 1,343,371,459 80,534,426 148,054,672 -- (5,673,804) 405,913,077 1,676,090,486 
Fidelity Series Real Estate Income Fund 81,495,734 3,874,998 4,399,305 3,061,665 (380,885) 15,327,664 95,918,206 
Fidelity Series Short-Term Credit Fund 39,141,971 543,844 110,741 446,448 1,081 1,467,019 41,043,174 
Fidelity Series Small Cap Discovery Fund 157,396,268 4,836,111 7,185,701 570,407 4,283 55,401,226 210,452,187 
Fidelity Series Small Cap Opportunities Fund 548,656,569 13,375,793 23,436,792 4,083,639 (730,164) 141,761,511 679,626,917 
Fidelity Series Stock Selector Large Cap Value Fund 1,032,007,516 164,354,659 45,947,713 -- (1,038,130) 234,017,551 1,383,393,883 
Fidelity Series Value Discovery Fund 768,337,156 134,236,429 43,408,833 -- (3,481,348) 188,108,964 1,043,792,368 
 $19,249,366,007 $2,121,512,228 $2,572,970,313 $295,593,540 $253,483,348 $5,014,196,734 $24,065,588,004 

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 September 30, 2020, 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 $28,424,859 $-- $28,424,859 $-- 
Domestic Equity Funds 12,455,650,216 12,455,650,216 -- -- 
International Equity Funds 9,838,513,467 9,838,513,467 -- -- 
Bond Funds 1,450,459,326 1,450,459,326 -- -- 
Short-Term Funds 371,799,483 371,799,483 -- -- 
Total Investments in Securities: $24,144,847,351 $24,116,422,492 $28,424,859 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,283,296) $(1,283,296) $-- $-- 
Total Liabilities $(1,283,296) $(1,283,296) $-- $-- 
Total Derivative Instruments: $(1,283,296) $(1,283,296) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,283,296) 
Total Equity Risk (1,283,296) 
Total Value of Derivatives $0 $(1,283,296) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $28,424,502) 
$28,424,859  
Fidelity Central Funds (cost $50,834,071) 50,834,488  
Other affiliated issuers (cost $19,697,050,003) 24,065,588,004  
Total Investment in Securities (cost $19,776,308,576)  $24,144,847,351 
Receivable for investments sold  222,549,966 
Receivable for fund shares sold  19,566,470 
Distributions receivable from Fidelity Central Funds  4,703 
Total assets  24,386,968,490 
Liabilities   
Payable for investments purchased $216,495,339  
Payable for fund shares redeemed 12,862,705  
Accrued management fee 13,395,973  
Payable for daily variation margin on futures contracts 987,477  
Total liabilities  243,741,494 
Net Assets  $24,143,226,996 
Net Assets consist of:   
Paid in capital  $19,374,652,966 
Total accumulated earnings (loss)  4,768,574,030 
Net Assets  $24,143,226,996 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($9,292,313,419 ÷ 887,417,439 shares)  $10.47 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,707,132,813 ÷ 1,118,346,306 shares)  $10.47 
Class K6:   
Net Asset Value, offering price and redemption price per share ($3,143,780,764 ÷ 301,113,178 shares)  $10.44 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $76,802,743 
Interest  40,258 
Income from Fidelity Central Funds  37,340 
Total income  76,880,341 
Expenses   
Management fee $75,163,132  
Independent trustees' fees and expenses 30,405  
Total expenses before reductions 75,193,537  
Expense reductions (39)  
Total expenses after reductions  75,193,498 
Net investment income (loss)  1,686,843 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (5,777)  
Other affiliated issuers 253,483,348  
Futures contracts (7,313,817)  
Capital gain distributions from underlying funds:   
Affiliated issuers 218,790,797  
Total net realized gain (loss)  464,954,551 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (23,024)  
Fidelity Central Funds (2,428)  
Other affiliated issuers 5,014,196,734  
Futures contracts (2,625,315)  
Total change in net unrealized appreciation (depreciation)  5,011,545,967 
Net gain (loss)  5,476,500,518 
Net increase (decrease) in net assets resulting from operations  $5,478,187,361 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,686,843 $363,684,658 
Net realized gain (loss) 464,954,551 988,510,700 
Change in net unrealized appreciation (depreciation) 5,011,545,967 (3,657,548,277) 
Net increase (decrease) in net assets resulting from operations 5,478,187,361 (2,305,352,919) 
Distributions to shareholders (645,014,091) (1,587,988,996) 
Share transactions - net increase (decrease) (42,901,886) 811,338,784 
Total increase (decrease) in net assets 4,790,271,384 (3,082,003,131) 
Net Assets   
Beginning of period 19,352,955,612 22,434,958,743 
End of period $24,143,226,996 $19,352,955,612 

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


Financial Highlights

Fidelity Freedom 2040 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $8.40 $10.09 $10.67 $9.74 $8.75 $9.63 
Income from Investment Operations       
Net investment income (loss)A B .15 .14 .11 .13 .13 
Net realized and unrealized gain (loss) 2.35 (1.13) B 1.29 1.24 (.46) 
Total from investment operations 2.35 (.98) .14 1.40 1.37 (.33) 
Distributions from net investment income – (.16) (.15) (.12) (.13) (.14) 
Distributions from net realized gain (.28) (.55) (.57) (.35) (.24) (.41) 
Total distributions (.28) (.71) (.72) (.47) (.38)C (.55) 
Net asset value, end of period $10.47 $8.40 $10.09 $10.67 $9.74 $8.75 
Total ReturnD,E 28.52% (10.80)% 1.79% 14.52% 16.14% (3.62)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .75% .63%I - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .75% .63%I -% -% 
Expenses net of all reductions .75%H .75% .75% .63%I -% -% 
Net investment income (loss) (.07)%H 1.52% 1.36% 1.04% 1.44% 1.47% 
Supplemental Data       
Net assets, end of period (000 omitted) $9,292,313 $7,378,482 $8,404,848 $8,285,660 $7,264,459 $6,388,566 
Portfolio turnover rateK 19%H 28% 17% 16%L 15% 16% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2040 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.39 $10.08 $10.66 $10.25 
Income from Investment Operations     
Net investment income (loss)B C .16 .15 .15 
Net realized and unrealized gain (loss) 2.36 (1.13) C .59 
Total from investment operations 2.36 (.97) .15 .74 
Distributions from net investment income – (.17) (.16) (.14) 
Distributions from net realized gain (.28) (.55) (.57) (.19) 
Total distributions (.28) (.72) (.73) (.33) 
Net asset value, end of period $10.47 $8.39 $10.08 $10.66 
Total ReturnD,E 28.70% (10.76)% 1.87% 7.21% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .64%H .64% .64% .65%H,I 
Expenses net of fee waivers, if any .64%H .64% .64% .65%H,I 
Expenses net of all reductions .64%H .64% .64% .65%H,I 
Net investment income (loss) .04%H 1.62% 1.46% 2.06%H 
Supplemental Data     
Net assets, end of period (000 omitted) $11,707,133 $9,581,184 $11,994,623 $13,434,642 
Portfolio turnover rateJ 19%H 28% 17% 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 returns for periods of less than one year are not annualized.

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2040 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.37 $10.06 $10.66 $10.03 
Income from Investment Operations     
Net investment income (loss)B .01 .18 .16 .13 
Net realized and unrealized gain (loss) 2.35 (1.13) .01 .83 
Total from investment operations 2.36 (.95) .17 .96 
Distributions from net investment income – (.18) (.19) (.14) 
Distributions from net realized gain (.29) (.56) (.58) (.19) 
Total distributions (.29) (.74) (.77) (.33) 
Net asset value, end of period $10.44 $8.37 $10.06 $10.66 
Total ReturnC,D 28.72% (10.58)% 2.06% 9.60% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .49%G .49% .50%H .50%G,H 
Expenses net of fee waivers, if any .49%G .49% .50%H .50%G,H 
Expenses net of all reductions .49%G .49% .50%H .50%G,H 
Net investment income (loss) .19%G 1.77% 1.61% 1.55%G 
Supplemental Data     
Net assets, end of period (000 omitted) $3,143,781 $2,393,289 $2,035,487 $652,451 
Portfolio turnover rateI 19%G 28% 17% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 8.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Value Discovery Fund 4.3 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2045 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $18,426,440) 18,430,000 18,426,668 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 30,245,343 $322,112,905 
Fidelity Series Blue Chip Growth Fund (b) 30,898,457 510,133,526 
Fidelity Series Commodity Strategy Fund (b) 94,413,701 392,760,997 
Fidelity Series Growth Company Fund (b) 49,929,515 1,308,652,597 
Fidelity Series Intrinsic Opportunities Fund (b) 80,023,146 1,265,966,173 
Fidelity Series Large Cap Stock Fund (b) 77,285,462 1,094,362,142 
Fidelity Series Large Cap Value Index Fund (b) 31,735,849 368,135,851 
Fidelity Series Opportunistic Insights Fund (b) 31,632,086 684,202,030 
Fidelity Series Small Cap Discovery Fund (b) 13,537,522 136,864,346 
Fidelity Series Small Cap Opportunities Fund (b) 34,669,325 442,380,584 
Fidelity Series Stock Selector Large Cap Value Fund (b) 81,845,870 900,304,565 
Fidelity Series Value Discovery Fund (b) 54,962,576 679,337,443 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,508,059,257)  8,105,213,159 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 36,029,669 368,583,511 
Fidelity Series Emerging Markets Fund (b) 25,691,273 242,268,708 
Fidelity Series Emerging Markets Opportunities Fund (b) 104,427,419 2,190,887,252 
Fidelity Series International Growth Fund (b) 58,155,476 1,092,159,838 
Fidelity Series International Small Cap Fund (b) 18,773,359 334,165,794 
Fidelity Series International Value Fund (b) 125,694,237 1,083,484,323 
Fidelity Series Overseas Fund (b) 97,547,850 1,090,584,967 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,448,353,857)  6,402,134,393 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 9,731,018 88,163,019 
Fidelity Series Floating Rate High Income Fund (b) 1,953,797 17,291,104 
Fidelity Series High Income Fund (b) 11,657,338 106,314,927 
Fidelity Series Inflation-Protected Bond Index Fund (b) 28,899,275 309,222,239 
Fidelity Series International Credit Fund (b) 650,968 6,776,574 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 34,249,448 353,796,800 
Fidelity Series Real Estate Income Fund (b) 6,188,666 61,762,885 
TOTAL BOND FUNDS   
(Cost $895,293,213)  943,327,548 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 32,052,583 32,058,994 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 182,304,231 182,304,231 
Fidelity Series Short-Term Credit Fund (b) 2,623,271 26,888,530 
TOTAL SHORT-TERM FUNDS   
(Cost $240,449,556)  241,251,755 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $13,110,582,323)  15,710,353,523 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,046,614) 
NET ASSETS - 100%  $15,709,306,909 

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) 363 Dec. 2020 $33,635,580 $(641,041) $(641,041) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 177 Dec. 2020 29,665,200 (193,661) (193,661) 
TOTAL FUTURES CONTRACTS     $(834,702) 

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 0.2%

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 $18,426,668.

 (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 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 $23,681 
Total $23,681 

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 All-Sector Equity Fund $243,345,740 $4,922,066 $12,349,904 $-- $(320,617) $86,515,620 $322,112,905 
Fidelity Series Blue Chip Growth Fund 444,840,786 123,927,529 196,484,250 115,803,542 52,462,021 85,387,440 510,133,526 
Fidelity Series Canada Fund 242,577,568 69,573,100 6,667,136 -- (701,304) 63,801,283 368,583,511 
Fidelity Series Commodity Strategy Fund 414,290,973 23,054,928 92,154,696 1,675,953 (30,674,699) 78,244,491 392,760,997 
Fidelity Series Emerging Markets Debt Fund 77,901,194 3,893,149 3,278,387 2,282,806 17,327 9,629,736 88,163,019 
Fidelity Series Emerging Markets Fund 145,255,562 50,539,317 8,573,634 -- (88,943) 55,136,406 242,268,708 
Fidelity Series Emerging Markets Opportunities Fund 1,364,681,176 355,738,631 54,411,064 -- 1,520,643 523,357,866 2,190,887,252 
Fidelity Series Floating Rate High Income Fund 15,733,939 768,656 793,157 379,058 (8,595) 1,590,261 17,291,104 
Fidelity Series Government Money Market Fund 0.16% 371,430,307 125,545,212 314,671,288 303,728 -- -- 182,304,231 
Fidelity Series Growth Company Fund 915,811,783 18,215,636 201,081,651 -- 70,340,476 505,366,353 1,308,652,597 
Fidelity Series High Income Fund 95,298,373 4,797,065 3,965,792 2,849,068 29,450 10,155,831 106,314,927 
Fidelity Series Inflation-Protected Bond Index Fund 264,863,387 64,003,115 36,098,934 223,847 55,389 16,399,282 309,222,239 
Fidelity Series International Credit Fund 6,130,987 95,283 -- 95,284 -- 550,304 6,776,574 
Fidelity Series International Growth Fund 1,038,755,116 15,654,116 238,852,902 -- 37,602,895 239,000,613 1,092,159,838 
Fidelity Series International Small Cap Fund 248,399,296 16,778,595 13,278,194 -- (68,439) 82,334,536 334,165,794 
Fidelity Series International Value Fund 929,267,144 41,519,865 75,851,794 -- (15,668,975) 204,218,083 1,083,484,323 
Fidelity Series Intrinsic Opportunities Fund 1,016,845,055 45,370,072 43,038,014 17,259,292 (1,101,173) 247,890,233 1,265,966,173 
Fidelity Series Large Cap Stock Fund 902,062,631 74,862,743 43,300,036 37,373,400 (2,595,399) 163,332,203 1,094,362,142 
Fidelity Series Large Cap Value Index Fund 247,604,152 81,789,727 11,983,939 -- (763,064) 51,488,975 368,135,851 
Fidelity Series Long-Term Treasury Bond Index Fund 302,380,590 89,714,102 28,366,916 8,203,610 3,426,619 (13,357,595) 353,796,800 
Fidelity Series Opportunistic Insights Fund 503,882,073 10,019,631 32,646,586 -- 274,949 202,671,963 684,202,030 
Fidelity Series Overseas Fund 861,115,277 61,595,733 89,867,986 -- (3,563,819) 261,305,762 1,090,584,967 
Fidelity Series Real Estate Income Fund 51,566,409 3,179,675 2,485,261 1,958,899 (177,423) 9,679,485 61,762,885 
Fidelity Series Short-Term Credit Fund 25,486,982 450,704 9,955 292,395 102 960,697 26,888,530 
Fidelity Series Small Cap Discovery Fund 100,982,202 4,103,530 3,847,375 367,288 (84,385) 35,710,374 136,864,346 
Fidelity Series Small Cap Opportunities Fund 351,735,840 12,449,567 12,550,477 2,652,821 469,759 90,275,895 442,380,584 
Fidelity Series Stock Selector Large Cap Value Fund 661,521,596 113,614,336 24,719,452 -- (383,546) 150,271,631 900,304,565 
Fidelity Series Value Discovery Fund 492,395,896 92,542,883 24,494,864 -- (1,498,715) 120,392,243 679,337,443 
 $12,336,162,034 $1,508,718,966 $1,575,823,644 $191,720,991 $108,500,534 $3,282,309,971 $15,659,867,861 

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 September 30, 2020, 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 $18,426,668 $-- $18,426,668 $-- 
Domestic Equity Funds 8,105,213,159 8,105,213,159 -- -- 
International Equity Funds 6,402,134,393 6,402,134,393 -- -- 
Bond Funds 943,327,548 943,327,548 -- -- 
Short-Term Funds 241,251,755 241,251,755 -- -- 
Total Investments in Securities: $15,710,353,523 $15,691,926,855 $18,426,668 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(834,702) $(834,702) $-- $-- 
Total Liabilities $(834,702) $(834,702) $-- $-- 
Total Derivative Instruments: $(834,702) $(834,702) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(834,702) 
Total Equity Risk (834,702) 
Total Value of Derivatives $0 $(834,702) 

 (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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $18,426,440) 
$18,426,668  
Fidelity Central Funds (cost $32,058,715) 32,058,994  
Other affiliated issuers (cost $13,060,097,168) 15,659,867,861  
Total Investment in Securities (cost $13,110,582,323)  $15,710,353,523 
Receivable for investments sold  142,555,795 
Receivable for fund shares sold  18,565,450 
Distributions receivable from Fidelity Central Funds  2,965 
Total assets  15,871,477,733 
Liabilities   
Payable for investments purchased $143,458,783  
Payable for fund shares redeemed 9,502,838  
Accrued management fee 8,571,073  
Payable for daily variation margin on futures contracts 638,130  
Total liabilities  162,170,824 
Net Assets  $15,709,306,909 
Net Assets consist of:   
Paid in capital  $12,921,083,091 
Total accumulated earnings (loss)  2,788,223,818 
Net Assets  $15,709,306,909 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($5,041,600,537 ÷ 422,865,520 shares)  $11.92 
Class K:   
Net Asset Value, offering price and redemption price per share ($8,251,818,590 ÷ 692,833,804 shares)  $11.91 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,415,887,782 ÷ 203,290,829 shares)  $11.88 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $49,754,561 
Interest  25,817 
Income from Fidelity Central Funds  23,681 
Total income  49,804,059 
Expenses   
Management fee $47,798,618  
Independent trustees' fees and expenses 19,550  
Total expenses before reductions 47,818,168  
Expense reductions (37)  
Total expenses after reductions  47,818,131 
Net investment income (loss)  1,985,928 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (3,797)  
Other affiliated issuers 108,500,534  
Futures contracts (4,770,052)  
Capital gain distributions from underlying funds:   
Affiliated issuers 141,966,430  
Total net realized gain (loss)  245,693,115 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (14,733)  
Fidelity Central Funds (1,518)  
Other affiliated issuers 3,282,309,971  
Futures contracts (1,719,984)  
Total change in net unrealized appreciation (depreciation)  3,280,573,736 
Net gain (loss)  3,526,266,851 
Net increase (decrease) in net assets resulting from operations  $3,528,252,779 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,985,928 $229,304,423 
Net realized gain (loss) 245,693,115 573,467,194 
Change in net unrealized appreciation (depreciation) 3,280,573,736 (2,298,016,057) 
Net increase (decrease) in net assets resulting from operations 3,528,252,779 (1,495,244,440) 
Distributions to shareholders (390,928,748) (967,465,826) 
Share transactions - net increase (decrease) 169,614,320 1,051,585,785 
Total increase (decrease) in net assets 3,306,938,351 (1,411,124,481) 
Net Assets   
Beginning of period 12,402,368,558 13,813,493,039 
End of period $15,709,306,909 $12,402,368,558 

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


Financial Highlights

Fidelity Freedom 2045 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.54 $11.44 $12.09 $11.00 $9.89 $10.84 
Income from Investment Operations       
Net investment income (loss)A B .17 .16 .12 .15 .15 
Net realized and unrealized gain (loss) 2.68 (1.29) (.01) 1.46 1.39 (.52) 
Total from investment operations 2.68 (1.12) .15 1.58 1.54 (.37) 
Distributions from net investment income – (.18) (.17) (.13) (.15) (.16) 
Distributions from net realized gain (.30) (.61) (.63) (.35) (.28) (.43) 
Total distributions (.30) (.78)C (.80) (.49)C (.43) (.58)C 
Net asset value, end of period $11.92 $9.54 $11.44 $12.09 $11.00 $9.89 
Total ReturnD,E 28.59% (10.80)% 1.72% 14.48% 16.08% (3.59)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .75% .63%I - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .75% .63%I -% -% 
Expenses net of all reductions .75%H .75% .75% .63%I -% -% 
Net investment income (loss) (.07)%H 1.52% 1.37% 1.04% 1.45% 1.48% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,041,601 $3,945,874 $4,345,914 $4,144,152 $3,496,184 $2,912,972 
Portfolio turnover rateK 21%H 28% 18% 17%L 15% 17% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.53 $11.43 $12.08 $11.59 
Income from Investment Operations     
Net investment income (loss)B C .18 .17 .17 
Net realized and unrealized gain (loss) 2.68 (1.29) (.01) .67 
Total from investment operations 2.68 (1.11) .16 .84 
Distributions from net investment income – (.19) (.18) (.15) 
Distributions from net realized gain (.30) (.61) (.63) (.19) 
Total distributions (.30) (.79)D (.81) (.35)D 
Net asset value, end of period $11.91 $9.53 $11.43 $12.08 
Total ReturnE,F 28.66% (10.74)% 1.83% 7.21% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .64%I .64% .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .64% .65%I,J 
Expenses net of all reductions .64%I .64% .64% .65%I,J 
Net investment income (loss) .04%I 1.62% 1.47% 2.05%I 
Supplemental Data     
Net assets, end of period (000 omitted) $8,251,819 $6,636,812 $7,982,073 $8,748,416 
Portfolio turnover rateK 21%I 28% 18% 17%L 

 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

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

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.51 $11.41 $12.09 $11.34 
Income from Investment Operations     
Net investment income (loss)B .01 .20 .18 .14 
Net realized and unrealized gain (loss) 2.67 (1.28) (.01) .96 
Total from investment operations 2.68 (1.08) .17 1.10 
Distributions from net investment income – (.20) (.21) (.16) 
Distributions from net realized gain (.31) (.61) (.64) (.19) 
Total distributions (.31) (.82)C (.85) (.35) 
Net asset value, end of period $11.88 $9.51 $11.41 $12.09 
Total ReturnD,E 28.69% (10.57)% 1.95% 9.70% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .49%H .49% .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .49% .50%I .50%H,I 
Expenses net of all reductions .49%H .49% .50%I .50%H,I 
Net investment income (loss) .19%H 1.77% 1.62% 1.45%H 
Supplemental Data     
Net assets, end of period (000 omitted) $2,415,888 $1,819,682 $1,485,505 $412,758 
Portfolio turnover rateJ 21%H 28% 18% 17%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 Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 8.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Value Discovery Fund 4.3 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2050 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $16,196,871) 16,200,000 16,197,071 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 26,623,166 $283,536,715 
Fidelity Series Blue Chip Growth Fund (b) 27,208,131 449,206,248 
Fidelity Series Commodity Strategy Fund (b) 83,152,060 345,912,570 
Fidelity Series Growth Company Fund (b) 43,963,010 1,152,270,502 
Fidelity Series Intrinsic Opportunities Fund (b) 70,457,472 1,114,637,203 
Fidelity Series Large Cap Stock Fund (b) 68,050,902 963,600,769 
Fidelity Series Large Cap Value Index Fund (b) 27,947,047 324,185,750 
Fidelity Series Opportunistic Insights Fund (b) 27,840,909 602,198,869 
Fidelity Series Small Cap Discovery Fund (b) 11,920,470 120,515,949 
Fidelity Series Small Cap Opportunities Fund (b) 30,529,338 389,554,354 
Fidelity Series Stock Selector Large Cap Value Fund (b) 72,067,352 792,740,869 
Fidelity Series Value Discovery Fund (b) 48,397,070 598,187,787 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,778,946,458)  7,136,547,585 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 31,724,029 324,536,821 
Fidelity Series Emerging Markets Fund (b) 22,625,594 213,359,347 
Fidelity Series Emerging Markets Opportunities Fund (b) 91,946,945 1,929,046,902 
Fidelity Series International Growth Fund (b) 51,203,748 961,606,384 
Fidelity Series International Small Cap Fund (b) 16,529,585 294,226,617 
Fidelity Series International Value Fund (b) 110,671,057 953,984,515 
Fidelity Series Overseas Fund (b) 85,887,363 960,220,714 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,812,082,007)  5,636,981,300 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 8,571,709 77,659,680 
Fidelity Series Floating Rate High Income Fund (b) 1,730,757 15,317,204 
Fidelity Series High Income Fund (b) 10,268,593 93,649,566 
Fidelity Series Inflation-Protected Bond Index Fund (b) 25,446,153 272,273,840 
Fidelity Series International Credit Fund (b) 550,360 5,729,250 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 30,165,118 311,605,669 
Fidelity Series Real Estate Income Fund (b) 5,462,068 54,511,437 
TOTAL BOND FUNDS   
(Cost $788,598,165)  830,746,646 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 27,638,166 27,643,693 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 160,556,705 160,556,705 
Fidelity Series Short-Term Credit Fund (b) 2,314,916 23,727,891 
TOTAL SHORT-TERM FUNDS   
(Cost $211,216,785)  211,928,289 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $11,607,040,286)  13,832,400,891 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (916,496) 
NET ASSETS - 100%  $13,831,484,395 

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) 319 Dec. 2020 $29,558,540 $(563,278) $(563,278) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 157 Dec. 2020 26,313,200 (171,778) (171,778) 
TOTAL FUTURES CONTRACTS     $(735,056) 

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 0.2%

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 $16,197,071.

 (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 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 $20,471 
Total $20,471 

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 All-Sector Equity Fund $212,103,452 $6,299,677 $10,312,800 $-- $415,786 $75,030,600 $283,536,715 
Fidelity Series Blue Chip Growth Fund 387,768,085 112,623,342 171,522,755 101,779,614 40,818,225 79,519,351 449,206,248 
Fidelity Series Canada Fund 211,216,958 63,675,775 5,584,112 -- (541,314) 55,769,514 324,536,821 
Fidelity Series Commodity Strategy Fund 361,223,795 23,149,490 80,190,271 1,472,681 (25,187,786) 66,917,342 345,912,570 
Fidelity Series Emerging Markets Debt Fund 67,912,785 4,047,566 2,738,408 2,000,961 31,217 8,406,520 77,659,680 
Fidelity Series Emerging Markets Fund 126,658,976 45,667,134 7,193,056 -- (94,812) 48,321,105 213,359,347 
Fidelity Series Emerging Markets Opportunities Fund 1,189,836,247 324,962,352 45,456,464 -- 1,007,281 458,697,486 1,929,046,902 
Fidelity Series Floating Rate High Income Fund 13,761,959 828,900 662,517 333,754 (16,636) 1,405,498 15,317,204 
Fidelity Series Government Money Market Fund 0.16% 323,644,870 111,963,717 275,051,882 265,836 -- -- 160,556,705 
Fidelity Series Growth Company Fund 798,291,591 23,940,288 174,121,219 -- 51,294,501 452,865,341 1,152,270,502 
Fidelity Series High Income Fund 83,078,313 4,973,083 3,312,590 2,497,352 4,471 8,906,289 93,649,566 
Fidelity Series Inflation-Protected Bond Index Fund 230,909,234 58,171,970 31,221,196 196,051 44,620 14,369,212 272,273,840 
Fidelity Series International Credit Fund 5,183,439 80,557 -- 80,557 -- 465,254 5,729,250 
Fidelity Series International Growth Fund 905,643,982 20,447,755 206,645,978 -- 30,378,428 211,782,197 961,606,384 
Fidelity Series International Small Cap Fund 216,595,635 16,486,034 11,041,905 -- 180,951 72,005,902 294,226,617 
Fidelity Series International Value Fund 810,228,607 43,565,646 64,805,880 -- (12,668,991) 177,665,133 953,984,515 
Fidelity Series Intrinsic Opportunities Fund 886,446,859 48,235,170 35,938,277 15,164,944 115,665 215,777,786 1,114,637,203 
Fidelity Series Large Cap Stock Fund 786,415,802 73,131,807 36,466,704 32,812,505 (1,509,327) 142,029,191 963,600,769 
Fidelity Series Large Cap Value Index Fund 215,875,500 73,882,089 9,941,347 -- (526,262) 44,895,770 324,185,750 
Fidelity Series Long-Term Treasury Bond Index Fund 263,615,483 81,039,874 24,354,080 7,168,961 2,989,498 (11,685,106) 311,605,669 
Fidelity Series Opportunistic Insights Fund 439,233,571 12,811,634 27,534,841 -- (71,842) 177,760,347 602,198,869 
Fidelity Series Overseas Fund 750,810,782 60,549,767 76,798,811 -- (2,909,020) 228,567,996 960,220,714 
Fidelity Series Real Estate Income Fund 44,989,175 3,273,139 2,075,890 1,721,681 (158,121) 8,483,134 54,511,437 
Fidelity Series Short-Term Credit Fund 22,423,945 472,779 16,082 257,976 (247) 847,496 23,727,891 
Fidelity Series Small Cap Discovery Fund 88,053,848 4,483,707 3,187,274 321,741 (21,834) 31,187,502 120,515,949 
Fidelity Series Small Cap Opportunities Fund 306,736,837 13,807,785 10,400,421 2,331,121 236,334 79,173,819 389,554,354 
Fidelity Series Stock Selector Large Cap Value Fund 576,799,170 105,095,353 20,262,451 -- (621,175) 131,729,972 792,740,869 
Fidelity Series Value Discovery Fund 429,258,511 85,301,107 20,400,258 -- (729,024) 104,757,451 598,187,787 
 $10,754,717,411 $1,422,967,497 $1,357,237,469 $168,405,735 $82,460,586 $2,885,652,102 $13,788,560,127 

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 September 30, 2020, 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 $16,197,071 $-- $16,197,071 $-- 
Domestic Equity Funds 7,136,547,585 7,136,547,585 -- -- 
International Equity Funds 5,636,981,300 5,636,981,300 -- -- 
Bond Funds 830,746,646 830,746,646 -- -- 
Short-Term Funds 211,928,289 211,928,289 -- -- 
Total Investments in Securities: $13,832,400,891 $13,816,203,820 $16,197,071 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(735,056) $(735,056) $-- $-- 
Total Liabilities $(735,056) $(735,056) $-- $-- 
Total Derivative Instruments: $(735,056) $(735,056) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(735,056) 
Total Equity Risk (735,056) 
Total Value of Derivatives $0 $(735,056) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Consolidated Schedule of Investments. In the Consolidated 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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $16,196,871) 
$16,197,071  
Fidelity Central Funds (cost $27,643,451) 27,643,693  
Other affiliated issuers (cost $11,563,199,964) 13,788,560,127  
Total Investment in Securities (cost $11,607,040,286)  $13,832,400,891 
Receivable for investments sold  124,129,707 
Receivable for fund shares sold  16,985,552 
Distributions receivable from Fidelity Central Funds  2,555 
Total assets  13,973,518,705 
Liabilities   
Payable for investments purchased $125,443,699  
Payable for fund shares redeemed 8,489,530  
Accrued management fee 7,541,067  
Payable for daily variation margin on futures contracts 560,014  
Total liabilities  142,034,310 
Net Assets  $13,831,484,395 
Net Assets consist of:   
Paid in capital  $11,458,592,451 
Total accumulated earnings (loss)  2,372,891,944 
Net Assets  $13,831,484,395 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($4,326,857,146 ÷ 360,406,022 shares)  $12.01 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,494,783,917 ÷ 624,866,748 shares)  $11.99 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,009,843,332 ÷ 167,679,091 shares)  $11.99 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $43,686,931 
Interest  22,497 
Income from Fidelity Central Funds  20,471 
Total income  43,729,899 
Expenses   
Management fee $41,947,135  
Independent trustees' fees and expenses 17,095  
Total expenses before reductions 41,964,230  
Expense reductions (45)  
Total expenses after reductions  41,964,185 
Net investment income (loss)  1,765,714 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (3,303)  
Other affiliated issuers 82,460,586  
Futures contracts (4,126,222)  
Capital gain distributions from underlying funds:   
Affiliated issuers 124,718,804  
Total net realized gain (loss)  203,049,865 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (12,792)  
Fidelity Central Funds (1,317)  
Other affiliated issuers 2,885,652,102  
Futures contracts (1,513,202)  
Total change in net unrealized appreciation (depreciation)  2,884,124,791 
Net gain (loss)  3,087,174,656 
Net increase (decrease) in net assets resulting from operations  $3,088,940,370 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,765,714 $199,756,859 
Net realized gain (loss) 203,049,865 497,850,675 
Change in net unrealized appreciation (depreciation) 2,884,124,791 (1,997,122,237) 
Net increase (decrease) in net assets resulting from operations 3,088,940,370 (1,299,514,703) 
Distributions to shareholders (339,719,710) (831,785,387) 
Share transactions - net increase (decrease) 270,017,992 1,096,985,996 
Total increase (decrease) in net assets 3,019,238,652 (1,034,314,094) 
Net Assets   
Beginning of period 10,812,245,743 11,846,559,837 
End of period $13,831,484,395 $10,812,245,743 

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


Financial Highlights

Fidelity Freedom 2050 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.61 $11.52 $12.16 $11.05 $9.93 $10.90 
Income from Investment Operations       
Net investment income (loss)A B .18 .16 .12 .15 .15 
Net realized and unrealized gain (loss) 2.70 (1.30) B 1.48 1.40 (.52) 
Total from investment operations 2.70 (1.12) .16 1.60 1.55 (.37) 
Distributions from net investment income – (.18) (.17) (.14) (.15) (.16) 
Distributions from net realized gain (.30) (.60) (.63) (.35) (.28) (.44) 
Total distributions (.30) (.79)C (.80) (.49) (.43) (.60) 
Net asset value, end of period $12.01 $9.61 $11.52 $12.16 $11.05 $9.93 
Total ReturnD,E 28.63% (10.80)% 1.73% 14.59% 16.11% (3.65)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .75% .63%I - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .75% .63%I -% -% 
Expenses net of all reductions .75%H .75% .75% .63%I -% -% 
Net investment income (loss) (.06)%H 1.53% 1.37% 1.04% 1.45% 1.49% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,326,857 $3,373,190 $3,679,538 $3,452,997 $2,884,830 $2,363,381 
Portfolio turnover rateK 21%H 27% 18% 16%L 15% 17% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2050 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.60 $11.50 $12.14 $11.65 
Income from Investment Operations     
Net investment income (loss)B C .19 .17 .17 
Net realized and unrealized gain (loss) 2.69 (1.29) C .67 
Total from investment operations 2.69 (1.10) .17 .84 
Distributions from net investment income – (.19) (.18) (.15) 
Distributions from net realized gain (.30) (.61) (.63) (.19) 
Total distributions (.30) (.80) (.81) (.35)D 
Net asset value, end of period $11.99 $9.60 $11.50 $12.14 
Total ReturnE,F 28.55% (10.66)% 1.82% 7.18% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .64%I .64% .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .64% .65%I,J 
Expenses net of all reductions .64%I .64% .64% .65%I,J 
Net investment income (loss) .04%I 1.63% 1.48% 2.04%I 
Supplemental Data     
Net assets, end of period (000 omitted) $7,494,784 $5,952,708 $6,982,416 $7,475,339 
Portfolio turnover rateK 21%I 27% 18% 16%L 

 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

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

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2050 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.59 $11.49 $12.15 $11.40 
Income from Investment Operations     
Net investment income (loss)B .01 .20 .19 .14 
Net realized and unrealized gain (loss) 2.69 (1.28) (.01) .96 
Total from investment operations 2.70 (1.08) .18 1.10 
Distributions from net investment income – (.21) (.21) (.16) 
Distributions from net realized gain (.30) (.61) (.63) (.19) 
Total distributions (.30) (.82) (.84) (.35) 
Net asset value, end of period $11.99 $9.59 $11.49 $12.15 
Total ReturnC,D 28.72% (10.49)% 1.96% 9.65% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .49%G .49% .50%H .50%G,H 
Expenses net of fee waivers, if any .49%G .49% .50%H .50%G,H 
Expenses net of all reductions .49%G .49% .50%H .50%G,H 
Net investment income (loss) .19%G 1.78% 1.62% 1.42%G 
Supplemental Data     
Net assets, end of period (000 omitted) $2,009,843 $1,486,348 $1,184,606 $327,591 
Portfolio turnover rateI 21%G 27% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 8.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Value Discovery Fund 4.3 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2055 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $7,968,463) 7,970,000 7,968,560 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 13,139,793 $139,938,796 
Fidelity Series Blue Chip Growth Fund (b) 13,442,485 221,935,420 
Fidelity Series Commodity Strategy Fund (b) 41,101,830 170,983,611 
Fidelity Series Growth Company Fund (b) 21,716,605 569,192,221 
Fidelity Series Intrinsic Opportunities Fund (b) 34,801,037 550,552,398 
Fidelity Series Large Cap Stock Fund (b) 33,617,036 476,017,224 
Fidelity Series Large Cap Value Index Fund (b) 13,809,792 160,193,587 
Fidelity Series Opportunistic Insights Fund (b) 13,738,539 297,164,599 
Fidelity Series Small Cap Discovery Fund (b) 5,894,027 59,588,614 
Fidelity Series Small Cap Opportunities Fund (b) 15,084,512 192,478,378 
Fidelity Series Stock Selector Large Cap Value Fund (b) 35,602,379 391,626,173 
Fidelity Series Value Discovery Fund (b) 23,910,345 295,531,870 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $3,111,149,138)  3,525,202,891 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 15,669,846 160,302,526 
Fidelity Series Emerging Markets Fund (b) 11,182,208 105,448,217 
Fidelity Series Emerging Markets Opportunities Fund (b) 45,418,206 952,873,956 
Fidelity Series International Growth Fund (b) 25,291,099 474,966,839 
Fidelity Series International Small Cap Fund (b) 8,164,283 145,324,230 
Fidelity Series International Value Fund (b) 54,664,302 471,206,282 
Fidelity Series Overseas Fund (b) 42,422,385 474,282,270 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,477,628,767)  2,784,404,320 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 4,238,064 38,396,856 
Fidelity Series Floating Rate High Income Fund (b) 881,913 7,804,927 
Fidelity Series High Income Fund (b) 5,077,685 46,308,488 
Fidelity Series Inflation-Protected Bond Index Fund (b) 12,577,939 134,583,945 
Fidelity Series International Credit Fund (b) 185,969 1,935,936 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 14,911,851 154,039,417 
Fidelity Series Real Estate Income Fund (b) 2,758,480 27,529,634 
TOTAL BOND FUNDS   
(Cost $389,744,356)  410,599,203 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 12,900,750 12,903,331 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 79,248,529 79,248,529 
Fidelity Series Short-Term Credit Fund (b) 1,161,350 11,903,838 
TOTAL SHORT-TERM FUNDS   
(Cost $103,687,500)  104,055,698 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,090,178,224)  6,832,230,672 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (449,760) 
NET ASSETS - 100%  $6,831,780,912 

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) 158 Dec. 2020 $14,640,280 $(279,053) $(279,053) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 78 Dec. 2020 13,072,800 (85,342) (85,342) 
TOTAL FUTURES CONTRACTS     $(364,395) 

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 0.2%

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 $7,968,560.

 (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 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 $9,659 
Total $9,659 

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 All-Sector Equity Fund $102,538,772 $5,869,130 $5,245,090 $-- $366,550 $36,409,434 $139,938,796 
Fidelity Series Blue Chip Growth Fund 187,507,223 60,245,191 84,059,268 50,119,527 12,978,886 45,263,388 221,935,420 
Fidelity Series Canada Fund 102,272,824 34,036,715 2,945,459 -- (341,048) 27,279,494 160,302,526 
Fidelity Series Commodity Strategy Fund 174,824,429 15,340,840 39,613,479 725,010 (11,107,027) 31,538,848 170,983,611 
Fidelity Series Emerging Markets Debt Fund 32,851,788 2,878,422 1,439,150 978,423 16,478 4,089,318 38,396,856 
Fidelity Series Emerging Markets Fund 61,312,985 24,095,562 3,514,036 -- (40,818) 23,594,524 105,448,217 
Fidelity Series Emerging Markets Opportunities Fund 575,818,721 175,991,944 23,305,479 -- 775,151 223,593,618 952,873,956 
Fidelity Series Floating Rate High Income Fund 6,830,635 627,485 348,181 167,809 (10,240) 705,228 7,804,927 
Fidelity Series Government Money Market Fund 0.16% 156,431,430 57,503,690 134,686,591 129,558 -- -- 79,248,529 
Fidelity Series Growth Company Fund 385,995,184 22,313,491 85,127,564 -- 14,908,976 231,102,134 569,192,221 
Fidelity Series High Income Fund 40,185,395 3,519,625 1,740,907 1,221,240 (11,819) 4,356,194 46,308,488 
Fidelity Series Inflation-Protected Bond Index Fund 111,702,784 31,347,076 15,502,844 95,712 14,673 7,022,256 134,583,945 
Fidelity Series International Credit Fund 1,751,504 27,221 -- 27,221 -- 157,211 1,935,936 
Fidelity Series International Growth Fund 438,016,794 19,324,184 100,573,260 -- 2,851,119 115,348,002 474,966,839 
Fidelity Series International Small Cap Fund 104,814,991 11,127,353 5,808,710 -- 208,162 34,982,434 145,324,230 
Fidelity Series International Value Fund 392,001,352 30,933,505 32,031,112 -- (4,266,990) 84,569,527 471,206,282 
Fidelity Series Intrinsic Opportunities Fund 428,771,865 35,538,913 18,883,390 7,464,864 (211,483) 105,336,493 550,552,398 
Fidelity Series Large Cap Stock Fund 380,465,209 45,989,264 18,804,164 16,075,463 (860,984) 69,227,899 476,017,224 
Fidelity Series Large Cap Value Index Fund 104,497,485 39,314,142 5,238,543 -- (395,582) 22,016,085 160,193,587 
Fidelity Series Long-Term Treasury Bond Index Fund 127,521,685 42,992,519 12,245,275 3,486,663 1,421,470 (5,650,982) 154,039,417 
Fidelity Series Opportunistic Insights Fund 212,381,565 11,927,650 13,798,861 -- (245,024) 86,899,269 297,164,599 
Fidelity Series Overseas Fund 363,239,177 37,574,295 36,631,166 -- (1,243,662) 111,343,626 474,282,270 
Fidelity Series Real Estate Income Fund 22,180,819 2,302,472 1,090,967 862,152 (124,851) 4,262,161 27,529,634 
Fidelity Series Short-Term Credit Fund 11,112,065 370,422 2,643 129,342 (44) 424,038 11,903,838 
Fidelity Series Small Cap Discovery Fund 42,663,266 3,323,082 1,565,949 156,900 (38,501) 15,206,716 59,588,614 
Fidelity Series Small Cap Opportunities Fund 148,454,980 10,954,936 5,620,408 1,147,610 (147,690) 38,836,560 192,478,378 
Fidelity Series Stock Selector Large Cap Value Fund 279,158,612 59,442,909 10,823,203 -- (527,218) 64,375,073 391,626,173 
Fidelity Series Value Discovery Fund 207,654,815 47,667,735 10,499,327 -- (557,889) 51,266,536 295,531,870 
 $5,202,958,354 $832,579,773 $671,145,026 $82,787,494 $13,410,595 $1,433,555,084 $6,811,358,781 

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 September 30, 2020, 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 $7,968,560 $-- $7,968,560 $-- 
Domestic Equity Funds 3,525,202,891 3,525,202,891 -- -- 
International Equity Funds 2,784,404,320 2,784,404,320 -- -- 
Bond Funds 410,599,203 410,599,203 -- -- 
Short-Term Funds 104,055,698 104,055,698 -- -- 
Total Investments in Securities: $6,832,230,672 $6,824,262,112 $7,968,560 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(364,395) $(364,395) $-- $-- 
Total Liabilities $(364,395) $(364,395) $-- $-- 
Total Derivative Instruments: $(364,395) $(364,395) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(364,395) 
Total Equity Risk (364,395) 
Total Value of Derivatives $0 $(364,395) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Consolidated Schedule of Investments. In the Consolidated 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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $7,968,463) 
$7,968,560  
Fidelity Central Funds (cost $12,903,211) 12,903,331  
Other affiliated issuers (cost $6,069,306,550) 6,811,358,781  
Total Investment in Securities (cost $6,090,178,224)  $6,832,230,672 
Receivable for investments sold  60,792,274 
Receivable for fund shares sold  11,682,975 
Distributions receivable from Fidelity Central Funds  1,191 
Total assets  6,904,707,112 
Liabilities   
Payable for investments purchased $64,719,222  
Payable for fund shares redeemed 4,237,200  
Accrued management fee 3,695,084  
Payable for daily variation margin on futures contracts 274,694  
Total liabilities  72,926,200 
Net Assets  $6,831,780,912 
Net Assets consist of:   
Paid in capital  $6,060,310,739 
Total accumulated earnings (loss)  771,470,173 
Net Assets  $6,831,780,912 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,977,075,293 ÷ 144,139,274 shares)  $13.72 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,810,752,459 ÷ 277,893,074 shares)  $13.71 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,043,953,160 ÷ 76,181,963 shares)  $13.70 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $21,454,698 
Interest  10,848 
Income from Fidelity Central Funds  9,659 
Total income  21,475,205 
Expenses   
Management fee $20,413,107  
Independent trustees' fees and expenses 8,313  
Total expenses before reductions 20,421,420  
Expense reductions (65)  
Total expenses after reductions  20,421,355 
Net investment income (loss)  1,053,850 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (1,601)  
Other affiliated issuers 13,410,595  
Futures contracts (2,040,178)  
Capital gain distributions from underlying funds:   
Affiliated issuers 61,332,796  
Total net realized gain (loss)  72,701,612 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (6,126)  
Fidelity Central Funds (613)  
Other affiliated issuers 1,433,555,084  
Futures contracts (747,829)  
Total change in net unrealized appreciation (depreciation)  1,432,800,516 
Net gain (loss)  1,505,502,128 
Net increase (decrease) in net assets resulting from operations  $1,506,555,978 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,053,850 $92,538,767 
Net realized gain (loss) 72,701,612 213,853,629 
Change in net unrealized appreciation (depreciation) 1,432,800,516 (957,737,314) 
Net increase (decrease) in net assets resulting from operations 1,506,555,978 (651,344,918) 
Distributions to shareholders (151,874,380) (364,707,384) 
Share transactions - net increase (decrease) 246,581,278 1,076,025,735 
Total increase (decrease) in net assets 1,601,262,876 59,973,433 
Net Assets   
Beginning of period 5,230,518,036 5,170,544,603 
End of period $6,831,780,912 $5,230,518,036 

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


Financial Highlights

Fidelity Freedom 2055 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.95 $13.10 $13.70 $12.41 $11.08 $12.06 
Income from Investment Operations       
Net investment income (loss)A B .20 .19 .14 .17 .17 
Net realized and unrealized gain (loss) 3.09 (1.49) B 1.64 1.57 (.59) 
Total from investment operations 3.09 (1.29) .19 1.78 1.74 (.42) 
Distributions from net investment income – (.20) (.19) (.15) (.16) (.17) 
Distributions from net realized gain (.32) (.66) (.60) (.34) (.25) (.39) 
Total distributions (.32) (.86) (.79) (.49) (.41) (.56) 
Net asset value, end of period $13.72 $10.95 $13.10 $13.70 $12.41 $11.08 
Total ReturnC,D 28.66% (10.85)% 1.73% 14.49% 16.17% (3.69)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .75% .64%H - %I - %I 
Expenses net of fee waivers, if any .75%G .75% .75% .64%H -% -% 
Expenses net of all reductions .75%G .75% .75% .64%H -% -% 
Net investment income (loss) (.06)%G 1.54% 1.40% 1.06% 1.46% 1.51% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,977,075 $1,500,450 $1,490,393 $1,265,311 $922,284 $649,621 
Portfolio turnover rateJ 22%G 25% 18% 15%K 18% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount represents less than .005%.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2055 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.95 $13.09 $13.69 $13.11 
Income from Investment Operations     
Net investment income (loss)B C .21 .20 .19 
Net realized and unrealized gain (loss) 3.08 (1.48) C .76 
Total from investment operations 3.08 (1.27) .20 .95 
Distributions from net investment income – (.21) (.20) (.17) 
Distributions from net realized gain (.32) (.66) (.60) (.20) 
Total distributions (.32) (.87) (.80) (.37) 
Net asset value, end of period $13.71 $10.95 $13.09 $13.69 
Total ReturnD,E 28.57% (10.70)% 1.84% 7.26% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .64%H .64% .64% .65%H,I 
Expenses net of fee waivers, if any .64%H .64% .64% .65%H,I 
Expenses net of all reductions .64%H .64% .64% .65%H,I 
Net investment income (loss) .04%H 1.64% 1.50% 2.01%H 
Supplemental Data     
Net assets, end of period (000 omitted) $3,810,752 $2,984,272 $3,138,528 $2,992,599 
Portfolio turnover rateJ 22%H 25% 18% 15%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 returns for periods of less than one year are not annualized.

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2055 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.93 $13.08 $13.70 $12.83 
Income from Investment Operations     
Net investment income (loss)B .01 .23 .21 .16 
Net realized and unrealized gain (loss) 3.08 (1.48) C 1.09 
Total from investment operations 3.09 (1.25) .21 1.25 
Distributions from net investment income – (.23) (.23) (.17) 
Distributions from net realized gain (.32) (.67) (.60) (.20) 
Total distributions (.32) (.90) (.83) (.38)D 
Net asset value, end of period $13.70 $10.93 $13.08 $13.70 
Total ReturnE,F 28.72% (10.61)% 1.97% 9.70% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .49%I .49% .50%J .50%I,J 
Expenses net of fee waivers, if any .49%I .49% .50%J .50%I,J 
Expenses net of all reductions .49%I .49% .50%J .50%I,J 
Net investment income (loss) .19%I 1.79% 1.65% 1.43%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,043,953 $745,795 $541,624 $135,481 
Portfolio turnover rateK 22%I 25% 18% 15%L 

 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

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

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.3 
Fidelity Series Intrinsic Opportunities Fund 8.1 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.7 
Fidelity Series Opportunistic Insights Fund 4.3 
Fidelity Series Value Discovery Fund 4.3 
 72.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2060 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $2,639,493) 2,640,000 2,639,523 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 4,402,855 $46,890,406 
Fidelity Series Blue Chip Growth Fund (b) 4,518,427 74,599,230 
Fidelity Series Commodity Strategy Fund (b) 13,825,834 57,515,471 
Fidelity Series Growth Company Fund (b) 7,295,656 191,219,140 
Fidelity Series Intrinsic Opportunities Fund (b) 11,687,883 184,902,310 
Fidelity Series Large Cap Stock Fund (b) 11,294,936 159,936,289 
Fidelity Series Large Cap Value Index Fund (b) 4,643,877 53,868,976 
Fidelity Series Opportunistic Insights Fund (b) 4,599,020 99,476,797 
Fidelity Series Small Cap Discovery Fund (b) 1,985,838 20,076,820 
Fidelity Series Small Cap Opportunities Fund (b) 5,071,307 64,709,883 
Fidelity Series Stock Selector Large Cap Value Fund (b) 11,963,185 131,595,040 
Fidelity Series Value Discovery Fund (b) 8,035,820 99,322,730 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,101,198,081)  1,184,113,092 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 5,264,821 53,859,116 
Fidelity Series Emerging Markets Fund (b) 3,760,366 35,460,253 
Fidelity Series Emerging Markets Opportunities Fund (b) 15,255,713 320,064,862 
Fidelity Series International Growth Fund (b) 8,493,973 159,516,808 
Fidelity Series International Small Cap Fund (b) 2,742,012 48,807,816 
Fidelity Series International Value Fund (b) 18,361,606 158,277,043 
Fidelity Series Overseas Fund (b) 14,247,515 159,287,219 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $854,519,239)  935,273,117 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 1,430,286 12,958,388 
Fidelity Series Floating Rate High Income Fund (b) 315,633 2,793,349 
Fidelity Series High Income Fund (b) 1,713,245 15,624,790 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,232,828 45,291,260 
Fidelity Series International Credit Fund (b) 27,278 283,965 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,016,941 51,824,999 
Fidelity Series Real Estate Income Fund (b) 951,701 9,497,975 
TOTAL BOND FUNDS   
(Cost $131,380,799)  138,274,726 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 3,589,339 3,590,057 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 26,745,035 26,745,035 
Fidelity Series Short-Term Credit Fund (b) 386,338 3,959,961 
TOTAL SHORT-TERM FUNDS   
(Cost $34,169,181)  34,295,053 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,123,906,793)  2,294,595,511 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (147,782) 
NET ASSETS - 100%  $2,294,447,729 

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) 53 Dec. 2020 $4,910,980 $(93,618) $(93,618) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 27 Dec. 2020 4,525,200 (29,542) (29,542) 
TOTAL FUTURES CONTRACTS     $(123,160) 

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 0.2%

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 $2,639,523.

 (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 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 $2,790 
Total $2,790 

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 All-Sector Equity Fund $31,611,245 $4,751,921 $1,171,314 $-- $72,106 $11,626,448 $46,890,406 
Fidelity Series Blue Chip Growth Fund 57,857,745 24,750,201 25,900,204 16,712,995 2,120,464 15,771,024 74,599,230 
Fidelity Series Canada Fund 31,737,865 14,256,492 715,072 -- (85,398) 8,665,229 53,859,116 
Fidelity Series Commodity Strategy Fund 54,009,017 8,792,465 11,875,822 241,577 (3,092,704) 9,682,515 57,515,471 
Fidelity Series Emerging Markets Debt Fund 10,149,712 1,849,248 338,125 316,373 (607) 1,298,160 12,958,388 
Fidelity Series Emerging Markets Fund 18,962,022 9,887,562 924,193 -- (22,917) 7,557,779 35,460,253 
Fidelity Series Emerging Markets Opportunities Fund 177,933,485 76,409,450 5,917,727 -- 209,369 71,430,285 320,064,862 
Fidelity Series Floating Rate High Income Fund 2,214,978 428,115 81,804 57,259 (4,027) 236,087 2,793,349 
Fidelity Series Government Money Market Fund 0.16% 48,201,151 21,042,634 42,498,750 41,427 -- -- 26,745,035 
Fidelity Series Growth Company Fund 119,069,908 18,219,355 24,671,657 -- 1,095,025 77,506,509 191,219,140 
Fidelity Series High Income Fund 12,409,675 2,249,041 409,022 394,757 11,479 1,363,617 15,624,790 
Fidelity Series Inflation-Protected Bond Index Fund 34,500,453 12,981,566 4,446,233 30,687 2,061 2,253,413 45,291,260 
Fidelity Series International Credit Fund 256,913 3,992 -- 3,993 -- 23,060 283,965 
Fidelity Series International Growth Fund 135,174,776 16,183,165 29,545,779 -- (14,521) 37,719,167 159,516,808 
Fidelity Series International Small Cap Fund 32,381,643 6,462,784 1,332,205 -- 62,164 11,233,430 48,807,816 
Fidelity Series International Value Fund 121,040,970 20,036,252 8,232,818 -- (136,765) 25,569,404 158,277,043 
Fidelity Series Intrinsic Opportunities Fund 132,374,559 23,627,992 4,429,783 2,487,287 238,169 33,091,373 184,902,310 
Fidelity Series Large Cap Stock Fund 117,522,100 25,512,305 4,546,895 5,281,381 (119,799) 21,568,578 159,936,289 
Fidelity Series Large Cap Value Index Fund 32,282,005 15,999,135 1,246,260 -- (102,015) 6,936,111 53,868,976 
Fidelity Series Long-Term Treasury Bond Index Fund 39,383,216 17,222,258 3,417,816 1,098,892 454,960 (1,817,619) 51,824,999 
Fidelity Series Opportunistic Insights Fund 65,527,077 9,671,265 3,338,113 -- (136,748) 27,753,316 99,476,797 
Fidelity Series Overseas Fund 112,154,305 22,432,620 10,434,164 -- (318,116) 35,452,574 159,287,219 
Fidelity Series Real Estate Income Fund 6,964,826 1,450,962 256,320 288,944 (32,657) 1,371,164 9,497,975 
Fidelity Series Short-Term Credit Fund 3,614,277 208,325 3,099 42,977 (82) 140,540 3,959,961 
Fidelity Series Small Cap Discovery Fund 13,227,659 2,462,572 412,015 50,122 (7,170) 4,805,774 20,076,820 
Fidelity Series Small Cap Opportunities Fund 45,909,405 7,882,244 1,345,495 382,523 (10,209) 12,273,938 64,709,883 
Fidelity Series Stock Selector Large Cap Value Fund 86,302,866 27,756,343 2,665,588 -- (126,431) 20,327,850 131,595,040 
Fidelity Series Value Discovery Fund 64,128,138 21,586,262 2,490,468 -- (87,342) 16,186,140 99,322,730 
 $1,606,901,991 $414,116,526 $192,646,741 $27,431,194 $(31,711) $460,025,866 $2,288,365,931 

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 September 30, 2020, 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 $2,639,523 $-- $2,639,523 $-- 
Domestic Equity Funds 1,184,113,092 1,184,113,092 -- -- 
International Equity Funds 935,273,117 935,273,117 -- -- 
Bond Funds 138,274,726 138,274,726 -- -- 
Short-Term Funds 34,295,053 34,295,053 -- -- 
Total Investments in Securities: $2,294,595,511 $2,291,955,988 $2,639,523 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(123,160) $(123,160) $-- $-- 
Total Liabilities $(123,160) $(123,160) $-- $-- 
Total Derivative Instruments: $(123,160) $(123,160) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(123,160) 
Total Equity Risk (123,160) 
Total Value of Derivatives $0 $(123,160) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Consolidated Schedule of Investments. In the Consolidated 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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,639,493) 
$2,639,523  
Fidelity Central Funds (cost $3,590,019) 3,590,057  
Other affiliated issuers (cost $2,117,677,281) 2,288,365,931  
Total Investment in Securities (cost $2,123,906,793)  $2,294,595,511 
Receivable for investments sold  19,478,018 
Receivable for fund shares sold  5,585,019 
Distributions receivable from Fidelity Central Funds  329 
Total assets  2,319,658,877 
Liabilities   
Payable for investments purchased $22,242,120  
Payable for fund shares redeemed 1,647,626  
Accrued management fee 1,231,984  
Payable for daily variation margin on futures contracts 89,418  
Total liabilities  25,211,148 
Net Assets  $2,294,447,729 
Net Assets consist of:   
Paid in capital  $2,118,300,658 
Total accumulated earnings (loss)  176,147,071 
Net Assets  $2,294,447,729 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($639,512,624 ÷ 51,643,496 shares)  $12.38 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,309,826,668 ÷ 105,841,500 shares)  $12.38 
Class K6:   
Net Asset Value, offering price and redemption price per share ($345,108,437 ÷ 27,888,793 shares)  $12.37 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $7,077,402 
Interest  3,312 
Income from Fidelity Central Funds  2,790 
Total income  7,083,504 
Expenses   
Management fee $6,596,499  
Independent trustees' fees and expenses 2,634  
Total expenses before reductions 6,599,133  
Expense reductions (84)  
Total expenses after reductions  6,599,049 
Net investment income (loss)  484,455 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Fidelity Central Funds (490)  
Other affiliated issuers (31,711)  
Futures contracts (657,409)  
Capital gain distributions from underlying funds:   
Affiliated issuers 20,353,792  
Total net realized gain (loss)  19,664,182 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,830)  
Fidelity Central Funds (176)  
Other affiliated issuers 460,025,866  
Futures contracts (252,851)  
Total change in net unrealized appreciation (depreciation)  459,771,009 
Net gain (loss)  479,435,191 
Net increase (decrease) in net assets resulting from operations  $479,919,646 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $484,455 $26,724,215 
Net realized gain (loss) 19,664,182 59,495,234 
Change in net unrealized appreciation (depreciation) 459,771,009 (296,150,113) 
Net increase (decrease) in net assets resulting from operations 479,919,646 (209,930,664) 
Distributions to shareholders (44,166,512) (94,869,567) 
Share transactions - net increase (decrease) 243,448,265 631,151,652 
Total increase (decrease) in net assets 679,201,399 326,351,421 
Net Assets   
Beginning of period 1,615,246,330 1,288,894,909 
End of period $2,294,447,729 $1,615,246,330 

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


Financial Highlights

Fidelity Freedom 2060 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.87 $11.76 $12.20 $11.01 $9.78 $10.45 
Income from Investment Operations       
Net investment income (loss)A B .19 .17 .13 .16 .16 
Net realized and unrealized gain (loss) 2.77 (1.34) .01 1.46 1.37 (.53) 
Total from investment operations 2.77 (1.15) .18 1.59 1.53 (.37) 
Distributions from net investment income – (.19) (.16) (.13) (.13) (.12) 
Distributions from net realized gain (.26) (.55) (.45) (.26) (.17) (.17) 
Total distributions (.26) (.74) (.62)C (.40)C (.30) (.30)C 
Net asset value, end of period $12.38 $9.87 $11.76 $12.20 $11.01 $9.78 
Total ReturnD,E 28.49% (10.80)% 1.78% 14.50% 16.01% (3.67)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .75% .66%I - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .75% .66%I -% -% 
Expenses net of all reductions .75%H .75% .75% .66%I -% -% 
Net investment income (loss) (.05)%H 1.59% 1.46% 1.09% 1.54% 1.67% 
Supplemental Data       
Net assets, end of period (000 omitted) $639,513 $451,002 $367,472 $241,896 $116,155 $47,019 
Portfolio turnover rateK 19%H 25% 16% 11%L 21% 31% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 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 Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.86 $11.74 $12.19 $11.65 
Income from Investment Operations     
Net investment income (loss)B C .20 .19 .16 
Net realized and unrealized gain (loss) 2.78 (1.34) (.01) .68 
Total from investment operations 2.78 (1.14) .18 .84 
Distributions from net investment income – (.19) (.17) (.15) 
Distributions from net realized gain (.26) (.55) (.45) (.15) 
Total distributions (.26) (.74) (.63)D (.30) 
Net asset value, end of period $12.38 $9.86 $11.74 $12.19 
Total ReturnE,F 28.66% (10.66)% 1.80% 7.19% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .64%I .64% .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .64% .65%I,J 
Expenses net of all reductions .64%I .64% .64% .65%I,J 
Net investment income (loss) .05%I 1.69% 1.57% 1.92%I 
Supplemental Data     
Net assets, end of period (000 omitted) $1,309,827 $933,551 $784,848 $549,158 
Portfolio turnover rateK 19%I 25% 16% 11%L 

 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 per share do not sum due to rounding.

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

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

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

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

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.85 $11.75 $12.20 $11.40 
Income from Investment Operations     
Net investment income (loss)B .01 .22 .20 .14 
Net realized and unrealized gain (loss) 2.78 (1.35) C .96 
Total from investment operations 2.79 (1.13) .20 1.10 
Distributions from net investment income – (.21) (.20) (.15) 
Distributions from net realized gain (.27) (.56) (.45) (.15) 
Total distributions (.27) (.77) (.65) (.30) 
Net asset value, end of period $12.37 $9.85 $11.75 $12.20 
Total ReturnD,E 28.74% (10.65)% 2.05% 9.65% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .49%H .49% .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .49% .50%I .50%H,I 
Expenses net of all reductions .49%H .49% .50%I .50%H,I 
Net investment income (loss) .20%H 1.84% 1.71% 1.44%H 
Supplemental Data     
Net assets, end of period (000 omitted) $345,108 $230,693 $136,574 $26,888 
Portfolio turnover rateJ 19%H 25% 16% 11%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 returns for periods of less than one year are not annualized.

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

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

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2065 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Growth Company Fund 8.4 
Fidelity Series Intrinsic Opportunities Fund 8.0 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Stock Selector Large Cap Value Fund 5.8 
Fidelity Series Value Discovery Fund 4.3 
Fidelity Series Opportunistic Insights Fund 4.1 
 72.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 


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

Fidelity Freedom® 2065 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $89,983) 90,000 89,984 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Series All-Sector Equity Fund (b) 179,198 $1,908,461 
Fidelity Series Blue Chip Growth Fund (b) 189,793 3,133,481 
Fidelity Series Commodity Strategy Fund (b) 577,834 2,403,790 
Fidelity Series Growth Company Fund (b) 304,547 7,982,180 
Fidelity Series Intrinsic Opportunities Fund (b) 486,260 7,692,629 
Fidelity Series Large Cap Stock Fund (b) 472,024 6,683,866 
Fidelity Series Large Cap Value Index Fund (b) 195,799 2,271,271 
Fidelity Series Opportunistic Insights Fund (b) 181,899 3,934,484 
Fidelity Series Small Cap Discovery Fund (b) 85,553 864,939 
Fidelity Series Small Cap Opportunities Fund (b) 214,818 2,741,083 
Fidelity Series Stock Selector Large Cap Value Fund (b) 500,445 5,504,894 
Fidelity Series Value Discovery Fund (b) 336,762 4,162,383 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $45,813,547)  49,283,461 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 219,321 2,243,653 
Fidelity Series Emerging Markets Fund (b) 157,035 1,480,845 
Fidelity Series Emerging Markets Opportunities Fund (b) 634,981 13,321,894 
Fidelity Series International Growth Fund (b) 353,404 6,636,923 
Fidelity Series International Small Cap Fund (b) 114,143 2,031,750 
Fidelity Series International Value Fund (b) 764,182 6,587,245 
Fidelity Series Overseas Fund (b) 592,788 6,627,373 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $35,964,035)  38,929,683 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (b) 61,679 558,811 
Fidelity Series Floating Rate High Income Fund (b) 14,994 132,700 
Fidelity Series High Income Fund (b) 72,897 664,824 
Fidelity Series Inflation-Protected Bond Index Fund (b) 177,130 1,895,286 
Fidelity Series International Credit Fund (b) 4,319 44,963 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 209,817 2,167,410 
Fidelity Series Real Estate Income Fund (b) 41,660 415,765 
TOTAL BOND FUNDS   
(Cost $5,728,638)  5,879,759 
Short-Term Funds - 1.3%   
Fidelity Series Government Money Market Fund 0.16% (b)(c) 1,131,371 1,131,371 
Fidelity Series Short-Term Credit Fund (b) 15,323 157,059 
TOTAL SHORT-TERM FUNDS   
(Cost $1,286,369)  1,288,430 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $88,882,572)  95,471,317 
NET OTHER ASSETS (LIABILITIES) - 0.0%  13,031 
NET ASSETS - 100%  $95,484,348 

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) Dec. 2020 $185,320 $(3,590) $(3,590) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 167,600 (1,094) (1,094) 
TOTAL FUTURES CONTRACTS     $(4,684) 

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 0.2%

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 $89,984.

 (b) Affiliated Fund

 (c) 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 All-Sector Equity Fund $770,740 $831,537 $49,304 $-- $279 $355,209 $1,908,461 
Fidelity Series Blue Chip Growth Fund 1,358,432 2,115,958 728,981 684,220 (69,419) 457,491 3,133,481 
Fidelity Series Canada Fund 805,631 1,230,452 56,038 -- (5,386) 268,994 2,243,653 
Fidelity Series Commodity Strategy Fund 1,367,541 1,182,302 364,218 9,622 (37,230) 255,395 2,403,790 
Fidelity Series Emerging Markets Debt Fund 256,863 278,152 15,112 10,928 (762) 39,670 558,811 
Fidelity Series Emerging Markets Fund 483,010 795,325 39,323 -- (2,420) 244,253 1,480,845 
Fidelity Series Emerging Markets Opportunities Fund 4,457,914 6,936,476 323,752 -- (9,714) 2,260,970 13,321,894 
Fidelity Series Floating Rate High Income Fund 61,682 66,829 3,656 2,179 (62) 7,907 132,700 
Fidelity Series Government Money Market Fund 0.16% 1,376,575 1,244,972 1,490,176 1,367 -- -- 1,131,371 
Fidelity Series Growth Company Fund 2,774,005 3,218,439 464,038 -- 15,206 2,438,568 7,982,180 
Fidelity Series High Income Fund 305,753 336,639 18,281 13,384 (302) 41,015 664,824 
Fidelity Series Inflation-Protected Bond Index Fund 838,992 1,056,093 72,387 995 124 72,464 1,895,286 
Fidelity Series International Credit Fund 21,744 21,967 1,219 416 (18) 2,489 44,963 
Fidelity Series International Growth Fund 3,291,556 2,904,228 736,657 -- 287 1,177,509 6,636,923 
Fidelity Series International Small Cap Fund 794,912 942,432 64,696 -- (1,308) 360,410 2,031,750 
Fidelity Series International Value Fund 3,006,424 3,048,781 216,470 -- (12,585) 761,095 6,587,245 
Fidelity Series Intrinsic Opportunities Fund 3,247,083 3,649,011 197,536 99,082 (5,445) 999,516 7,692,629 
Fidelity Series Large Cap Stock Fund 2,891,456 3,381,760 183,608 191,837 (9,966) 604,224 6,683,866 
Fidelity Series Large Cap Value Index Fund 788,891 1,346,115 57,409 -- (4,549) 198,223 2,271,271 
Fidelity Series Long-Term Treasury Bond Index Fund 961,232 1,337,402 84,049 32,039 (1,102) (46,073) 2,167,410 
Fidelity Series Opportunistic Insights Fund 1,498,051 1,715,462 97,733 -- 6,418 812,286 3,934,484 
Fidelity Series Overseas Fund 2,892,263 3,013,568 386,302 -- (2,025) 1,109,869 6,627,373 
Fidelity Series Real Estate Income Fund 172,497 213,513 11,456 10,939 (998) 42,209 415,765 
Fidelity Series Short-Term Credit Fund 149,735 1,708 -- 1,699 -- 5,616 157,059 
Fidelity Series Small Cap Discovery Fund 346,457 396,808 31,229 1,743 (1,285) 154,188 864,939 
Fidelity Series Small Cap Opportunities Fund 1,161,992 1,277,516 71,254 15,543 (2,466) 375,295 2,741,083 
Fidelity Series Stock Selector Large Cap Value Fund 2,188,378 2,856,795 141,431 -- (11,141) 612,293 5,504,894 
Fidelity Series Value Discovery Fund 1,544,072 2,246,045 106,127 -- (4,908) 483,301 4,162,383 
 $39,813,881 $47,646,285 $6,012,442 $1,075,993 $(160,777) $14,094,386 $95,381,333 

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 September 30, 2020, 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 $89,984 $-- $89,984 $-- 
Domestic Equity Funds 49,283,461 49,283,461 -- -- 
International Equity Funds 38,929,683 38,929,683 -- -- 
Bond Funds 5,879,759 5,879,759 -- -- 
Short-Term Funds 1,288,430 1,288,430 -- -- 
Total Investments in Securities: $95,471,317 $95,381,333 $89,984 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(4,684) $(4,684) $-- $-- 
Total Liabilities $(4,684) $(4,684) $-- $-- 
Total Derivative Instruments: $(4,684) $(4,684) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(4,684) 
Total Equity Risk (4,684) 
Total Value of Derivatives $0 $(4,684) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Consolidated Schedule of Investments. In the Consolidated 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 Total accumulated earnings (loss).

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


Fidelity Freedom® 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $89,983) 
$89,984  
Affiliated issuers (cost $88,792,589) 95,381,333  
Total Investment in Securities (cost $88,882,572)  $95,471,317 
Cash  16,631 
Receivable for investments sold  635,236 
Receivable for fund shares sold  484,201 
Total assets  96,607,385 
Liabilities   
Payable for investments purchased $1,027,316  
Payable for fund shares redeemed 44,793  
Accrued management fee 49,696  
Payable for daily variation margin on futures contracts 1,232  
Total liabilities  1,123,037 
Net Assets  $95,484,348 
Net Assets consist of:   
Paid in capital  $88,432,015 
Total accumulated earnings (loss)  7,052,333 
Net Assets  $95,484,348 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2065 Fund:   
Net Asset Value, offering price and redemption price per share ($30,514,623 ÷ 2,806,171 shares)  $10.87 
Class K:   
Net Asset Value, offering price and redemption price per share ($49,059,973 ÷ 4,510,114 shares)  $10.88 
Class K6:   
Net Asset Value, offering price and redemption price per share ($15,909,752 ÷ 1,460,582 shares)  $10.89 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $267,736 
Interest  36 
Total income  267,772 
Expenses   
Management fee $225,427  
Independent trustees' fees and expenses 79  
Total expenses  225,506 
Net investment income (loss)  42,266 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (160,777)  
Futures contracts 4,676  
Capital gain distributions from underlying funds:   
Affiliated issuers 808,257  
Total net realized gain (loss)  652,156 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers  
Affiliated issuers 14,094,386  
Futures contracts (4,684)  
Total change in net unrealized appreciation (depreciation)  14,089,703 
Net gain (loss)  14,741,859 
Net increase (decrease) in net assets resulting from operations  $14,784,125 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) For the period
June 28, 2019 (commencement of operations) to March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $42,266 $183,327 
Net realized gain (loss) 652,156 229,886 
Change in net unrealized appreciation (depreciation) 14,089,703 (7,505,642) 
Net increase (decrease) in net assets resulting from operations 14,784,125 (7,092,429) 
Distributions to shareholders (376,843) (262,520) 
Share transactions - net increase (decrease) 41,264,054 47,167,961 
Total increase (decrease) in net assets 55,671,336 39,813,012 
Net Assets   
Beginning of period 39,813,012 – 
End of period $95,484,348 $39,813,012 

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


Financial Highlights

Fidelity Freedom 2065 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .13 
Net realized and unrealized gain (loss) 2.41 (1.46) 
Total from investment operations 2.41 (1.33) 
Distributions from net investment income – (.12) 
Distributions from net realized gain (.06) (.03) 
Total distributions (.06) (.15) 
Net asset value, end of period $10.87 $8.52 
Total ReturnD 28.43% (13.60)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .75%G .76%G,H 
Expenses net of fee waivers, if any .75%G .76%G,H 
Expenses net of all reductions .75%G .76%G,H 
Net investment income (loss) .03%G 1.71%G 
Supplemental Data   
Net assets, end of period (000 omitted) $30,515 $13,332 
Portfolio turnover rateI 17%G 33%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

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

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Fidelity Freedom 2065 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .13 
Net realized and unrealized gain (loss) 2.42 (1.45) 
Total from investment operations 2.43 (1.32) 
Distributions from net investment income – (.13) 
Distributions from net realized gain (.07) (.03) 
Total distributions (.07) (.16) 
Net asset value, end of period $10.88 $8.52 
Total ReturnC 28.59% (13.55)% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .64%F .65%F,G 
Expenses net of fee waivers, if any .64%F .65%F,G 
Expenses net of all reductions .64%F .65%F,G 
Net investment income (loss) .13%F 1.81%F 
Supplemental Data   
Net assets, end of period (000 omitted) $49,060 $20,387 
Portfolio turnover rateH 17%F 33%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

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

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


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


Fidelity Freedom 2065 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.53 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .15 
Net realized and unrealized gain (loss) 2.42 (1.46) 
Total from investment operations 2.43 (1.31) 
Distributions from net investment income – (.13) 
Distributions from net realized gain (.07) (.03) 
Total distributions (.07) (.16) 
Net asset value, end of period $10.89 $8.53 
Total ReturnC 28.59% (13.43)% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .49%F .50%F,G 
Expenses net of fee waivers, if any .49%F .50%F,G 
Expenses net of all reductions .49%F .50%F,G 
Net investment income (loss) .28%F 1.97%F 
Supplemental Data   
Net assets, end of period (000 omitted) $15,910 $6,094 
Portfolio turnover rateH 17%F 33%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

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

 D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

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

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2020

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, Fidelity Freedom 2060 Fund and Fidelity Freedom 2065 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.

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 the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.

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 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 – Investment 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 open-end mutual 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. The aggregate value of investments by input level as of September 30, 2020 is included at the end of each Fund's Schedule of Investments.

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. Income and capital gain distributions from any underlying mutual funds or exchange-traded funds (ETFs) 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 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 any underlying mutual funds or exchange-traded funds (ETFs). Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of any underlying mutual funds or exchange-traded funds (ETFs) expenses through the impact of these expenses on each underlying mutual fund's or exchange-traded fund's (ETFs) 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 $96,313 
Fidelity Freedom 2020 Fund 260,173 
Fidelity Freedom 2030 Fund 242,856 

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

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are 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 $2,927,701,104 $350,882,746 $(15,073,430) $335,809,316 
Fidelity Freedom 2005 Fund 949,049,828 102,334,547 (5,830,014) 96,504,533 
Fidelity Freedom 2010 Fund 4,726,068,847 681,512,758 (30,782,613) 650,730,145 
Fidelity Freedom 2015 Fund 6,768,985,650 1,192,829,091 (47,164,219) 1,145,664,872 
Fidelity Freedom 2020 Fund 20,932,952,383 3,981,340,457 (168,288,248) 3,813,052,209 
Fidelity Freedom 2025 Fund 23,869,221,959 4,442,744,506 (278,631,909) 4,164,112,597 
Fidelity Freedom 2030 Fund 28,324,195,266 5,835,915,699 (365,276,609) 5,470,639,090 
Fidelity Freedom 2035 Fund 20,116,566,198 4,405,509,842 (383,138,823) 4,022,371,019 
Fidelity Freedom 2040 Fund 19,816,962,680 4,748,348,472 (421,747,097) 4,326,601,375 
Fidelity Freedom 2045 Fund 13,146,672,642 2,885,301,854 (322,455,675) 2,562,846,179 
Fidelity Freedom 2050 Fund 11,647,646,373 2,481,718,602 (297,699,140) 2,184,019,462 
Fidelity Freedom 2055 Fund 6,126,778,133 926,611,684 (221,523,540) 705,088,144 
Fidelity Freedom 2060 Fund 2,137,866,268 238,034,790 (81,428,707) 156,606,083 
Fidelity Freedom 2065 Fund 89,169,761 8,279,749 (1,982,877) 6,296,872 

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 risk:

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.
 

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.

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, other than short-term securities, and U.S. government securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Freedom Income Fund 279,430,975 366,270,023 
Fidelity Freedom 2005 Fund 131,242,194 119,976,528 
Fidelity Freedom 2010 Fund 514,363,460 732,358,778 
Fidelity Freedom 2015 Fund 828,351,945 1,247,748,121 
Fidelity Freedom 2020 Fund 2,618,465,310 4,247,662,809 
Fidelity Freedom 2025 Fund 3,092,112,709 3,924,537,823 
Fidelity Freedom 2030 Fund 3,677,635,615 4,540,106,429 
Fidelity Freedom 2035 Fund 2,462,979,324 2,905,937,848 
Fidelity Freedom 2040 Fund 2,121,512,228 2,572,970,313 
Fidelity Freedom 2045 Fund 1,508,718,966 1,575,823,644 
Fidelity Freedom 2050 Fund 1,422,967,497 1,357,237,469 
Fidelity Freedom 2055 Fund 832,579,773 671,145,026 
Fidelity Freedom 2060 Fund 414,116,526 192,646,741 
Fidelity Freedom 2065 Fund 47,646,285 6,012,442 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) 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 fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. For each Fund, with the exception of Fidelity Freedom 2065 Fund, the management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees. 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, K6) 
Fidelity Freedom Income Fund .465% .415% 
Fidelity Freedom 2005 Fund .465% .415% 
Fidelity Freedom 2010 Fund .508% .448% 
Fidelity Freedom 2015 Fund .550% .482% 
Fidelity Freedom 2020 Fund .593% .517% 
Fidelity Freedom 2025 Fund .635% .552% 
Fidelity Freedom 2030 Fund .678% .587% 
Fidelity Freedom 2035 Fund .720% .622% 
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% 
Fidelity Freedom 2065 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 .365% 
Fidelity Freedom 2010 Fund .384% 
Fidelity Freedom 2015 Fund .404% 
Fidelity Freedom 2020 Fund .423% 
Fidelity Freedom 2025 Fund .443% 
Fidelity Freedom 2030 Fund .462% 
Fidelity Freedom 2035 Fund .481% 
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% 
Fidelity Freedom 2065 Fund .493% 

Interfund Trades. 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, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's or class' expenses. All of the applicable expense reductions are noted in the table below.

 Custodian credits 
Fidelity Freedom Income Fund $131 
Fidelity Freedom 2005 Fund 102 
Fidelity Freedom 2010 Fund 69 
Fidelity Freedom 2015 Fund 89 
Fidelity Freedom 2020 Fund 131 
Fidelity Freedom 2025 Fund 21 
Fidelity Freedom 2030 Fund 25 
Fidelity Freedom 2035 Fund 49 
Fidelity Freedom 2040 Fund 39 
Fidelity Freedom 2045 Fund 37 
Fidelity Freedom 2050 Fund 45 
Fidelity Freedom 2055 Fund 65 
Fidelity Freedom 2060 Fund 84 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2020 
Year ended
March 31, 2020 
Fidelity Freedom Income Fund   
Distributions to shareholders   
Fidelity Freedom Income Fund $33,121,904 $72,007,586 
Class K 19,132,822 43,479,313 
Class K6 3,793,853 7,093,597 
Total $56,048,579 $122,580,496 
Fidelity Freedom 2005 Fund   
Distributions to shareholders   
Fidelity Freedom 2005 Fund $8,975,746 $25,491,635 
Class K 5,881,199 15,775,254 
Class K6 1,141,479 2,733,589 
Total $15,998,424 $44,000,478 
Fidelity Freedom 2010 Fund   
Distributions to shareholders   
Fidelity Freedom 2010 Fund $83,871,302 $211,793,549 
Class K 36,629,504 99,095,225 
Class K6 6,694,468 15,289,256 
Total $127,195,274 $326,178,030 
Fidelity Freedom 2015 Fund   
Distributions to shareholders   
Fidelity Freedom 2015 Fund $131,717,998 $324,113,832 
Class K 78,933,288 207,703,580 
Class K6 18,033,154 39,922,738 
Total $228,684,440 $571,740,150 
Fidelity Freedom 2020 Fund   
Distributions to shareholders   
Fidelity Freedom 2020 Fund $335,269,246 $815,401,294 
Class K 308,458,077 815,964,865 
Class K6 67,286,635 147,736,621 
Total $711,013,958 $1,779,102,780 
Fidelity Freedom 2025 Fund   
Distributions to shareholders   
Fidelity Freedom 2025 Fund $262,042,350 $697,439,181 
Class K 303,300,457 836,842,165 
Class K6 78,824,271 185,157,186 
Total $644,167,078 $1,719,438,532 
Fidelity Freedom 2030 Fund   
Distributions to shareholders   
Fidelity Freedom 2030 Fund $362,047,058 $923,094,479 
Class K 415,909,316 1,123,248,324 
Class K6 101,427,773 229,291,936 
Total $879,384,147 $2,275,634,739 
Fidelity Freedom 2035 Fund   
Distributions to shareholders   
Fidelity Freedom 2035 Fund $239,069,708 $596,847,384 
Class K 309,107,127 803,187,819 
Class K6 86,239,401 189,690,955 
Total $634,416,236 $1,589,726,158 
Fidelity Freedom 2040 Fund   
Distributions to shareholders   
Fidelity Freedom 2040 Fund $245,748,506 $600,503,686 
Class K 317,136,977 813,339,526 
Class K6 82,128,608 174,145,784 
Total $645,014,091 $1,587,988,996 
Fidelity Freedom 2045 Fund   
Distributions to shareholders   
Fidelity Freedom 2045 Fund $124,010,118 $306,477,247 
Class K 207,935,690 534,743,331 
Class K6 58,982,940 126,245,248 
Total $390,928,748 $967,465,826 
Fidelity Freedom 2050 Fund   
Distributions to shareholders   
Fidelity Freedom 2050 Fund $106,402,996 $258,697,557 
Class K 186,160,778 471,956,025 
Class K6 47,155,936 101,131,805 
Total $339,719,710 $831,785,387 
Fidelity Freedom 2055 Fund   
Distributions to shareholders   
Fidelity Freedom 2055 Fund $43,959,042 $104,523,244 
Class K 86,082,879 214,235,275 
Class K6 21,832,459 45,948,865 
Total $151,874,380 $364,707,384 
Fidelity Freedom 2060 Fund   
Distributions to shareholders   
Fidelity Freedom 2060 Fund $12,193,167 $26,492,028 
Class K 25,545,097 56,366,020 
Class K6 6,428,248 12,011,519 
Total $44,166,512 $94,869,567 
Fidelity Freedom 2065 Fund(a)   
Distributions to shareholders   
Fidelity Freedom 2065 Fund $112,923 $95,175 
Class K 197,644 124,339 
Class K6 66,276 43,006 
Total $376,843 $262,520 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 
 Six months ended September 30, 2020 Year endedMarch 31, 2020 Six months ended September 30, 2020 Year endedMarch 31, 2020 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 12,559,874 26,121,699 $146,962,568 $303,147,512 
Reinvestment of distributions 2,836,691 6,066,578 32,368,761 70,508,362 
Shares redeemed (16,738,585) (40,236,864) (195,245,035) (463,467,479) 
Net increase (decrease) (1,342,020) (8,048,587) $(15,913,706) $(89,811,605) 
Class K     
Shares sold 11,819,472 28,729,451 $137,909,404 $331,959,653 
Reinvestment of distributions 1,678,130 3,749,746 19,131,295 43,479,313 
Shares redeemed (17,073,110) (46,581,593) (198,593,205) (538,605,858) 
Net increase (decrease) (3,575,508) (14,102,396) $(41,552,506) $(163,166,892) 
Class K6     
Shares sold 3,556,475 8,831,116 $41,707,687 $102,603,019 
Reinvestment of distributions 332,834 611,102 3,793,853 7,093,596 
Shares redeemed (3,362,984) (6,158,367) (39,503,156) (70,913,009) 
Net increase (decrease) 526,325 3,283,851 $5,998,384 $38,783,606 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 3,834,843 8,912,259 $47,426,609 $109,473,280 
Reinvestment of distributions 742,378 2,045,322 8,856,559 25,171,128 
Shares redeemed (4,103,818) (11,674,623) (50,738,661) (143,427,976) 
Net increase (decrease) 473,403 (717,042) $5,544,507 $(8,783,568) 
Class K     
Shares sold 6,412,858 13,255,967 $78,904,132 $161,507,060 
Reinvestment of distributions 493,803 1,283,723 5,881,199 15,775,254 
Shares redeemed (6,429,818) (14,809,527) (79,087,991) (180,732,126) 
Net increase (decrease) 476,843 (269,837) $5,697,340 $(3,449,812) 
Class K6     
Shares sold 1,949,247 4,347,669 $24,033,737 $53,376,611 
Reinvestment of distributions 96,084 222,358 1,141,479 2,733,589 
Shares redeemed (1,302,663) (2,107,046) (15,914,105) (25,611,844) 
Net increase (decrease) 742,668 2,462,981 $9,261,111 $30,498,356 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 7,826,660 20,894,956 $119,841,634 $322,067,009 
Reinvestment of distributions 5,605,721 13,467,359 82,011,710 207,961,251 
Shares redeemed (16,140,357) (47,396,893) (246,656,948) (727,176,694) 
Net increase (decrease) (2,707,976) (13,034,578) $(44,803,604) $(197,148,434) 
Class K     
Shares sold 7,337,198 17,657,853 $111,811,360 $272,197,498 
Reinvestment of distributions 2,507,153 6,430,073 36,629,504 99,095,226 
Shares redeemed (15,195,191) (48,490,077) (230,923,457) (748,211,975) 
Net increase (decrease) (5,350,840) (24,402,151) $(82,482,593) $(376,919,251) 
Class K6     
Shares sold 2,862,124 8,749,864 $43,986,434 $135,382,945 
Reinvestment of distributions 459,785 992,761 6,694,468 15,289,256 
Shares redeemed (3,315,108) (5,642,318) (51,109,774) (86,333,102) 
Net increase (decrease) 6,801 4,100,307 $(428,872) $64,339,099 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 16,653,319 44,976,552 $207,090,227 $571,738,724 
Reinvestment of distributions 10,991,826 25,205,665 130,033,295 320,413,116 
Shares redeemed (35,373,679) (98,458,775) (439,904,041) (1,239,718,173) 
Net increase (decrease) (7,728,534) (28,276,558) $(102,780,519) $(347,566,333) 
Class K     
Shares sold 12,951,415 38,083,926 $160,653,894 $483,359,504 
Reinvestment of distributions 6,677,943 16,367,820 78,933,288 207,703,581 
Shares redeemed (34,057,333) (109,548,479) (421,183,617) (1,386,895,050) 
Net increase (decrease) (14,427,975) (55,096,733) $(181,596,435) $(695,831,965) 
Class K6     
Shares sold 8,984,842 23,243,423 $112,067,222 $296,603,521 
Reinvestment of distributions 1,530,828 3,148,572 18,033,154 39,922,738 
Shares redeemed (7,517,128) (16,133,607) (93,948,450) (203,711,568) 
Net increase (decrease) 2,998,542 10,258,388 $36,151,926 $132,814,691 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 50,527,808 139,690,923 $784,668,765 $2,216,584,182 
Reinvestment of distributions 22,522,404 50,724,965 331,079,344 806,638,619 
Shares redeemed (95,382,158) (226,315,748) (1,485,367,949) (3,555,625,580) 
Net increase (decrease) (22,331,946) (35,899,860) $(369,619,840) $(532,402,779) 
Class K     
Shares sold 48,133,093 132,922,791 $744,610,860 $2,101,196,756 
Reinvestment of distributions 20,997,827 51,419,484 308,458,077 815,964,865 
Shares redeemed (116,025,870) (345,835,663) (1,795,552,394) (5,463,952,542) 
Net increase (decrease) (46,894,950) (161,493,388) $(742,483,457) $(2,546,790,921) 
Class K6     
Shares sold 21,109,962 63,944,114 $329,713,766 $1,017,603,052 
Reinvestment of distributions 4,592,944 9,303,329 67,286,635 147,736,622 
Shares redeemed (25,193,526) (41,894,795) (392,408,363) (657,395,250) 
Net increase (decrease) 509,380 31,352,648 $4,592,038 $507,944,424 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 64,507,807 168,609,148 $881,900,994 $2,342,236,834 
Reinvestment of distributions 20,091,576 49,663,947 259,583,155 692,028,162 
Shares redeemed (91,556,564) (206,991,868) (1,255,351,633) (2,840,042,775) 
Net increase (decrease) (6,957,181) 11,281,227 $(113,867,484) $194,222,221 
Class K     
Shares sold 81,042,627 209,650,490 $1,106,398,423 $2,907,198,345 
Reinvestment of distributions 23,511,663 60,178,720 303,300,457 836,842,165 
Shares redeemed (135,200,826) (335,238,445) (1,839,848,573) (4,630,919,320) 
Net increase (decrease) (30,646,536) (65,409,235) $(430,149,693) $(886,878,810) 
Class K6     
Shares sold 35,159,981 98,473,970 $482,950,708 $1,371,151,544 
Reinvestment of distributions 6,119,897 13,293,101 78,824,271 185,157,186 
Shares redeemed (30,924,242) (51,551,759) (425,046,255) (707,624,891) 
Net increase (decrease) 10,355,636 60,215,312 $136,728,724 $848,683,839 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 55,541,775 134,513,465 $926,727,369 $2,312,057,494 
Reinvestment of distributions 22,717,378 52,952,294 358,480,219 914,971,406 
Shares redeemed (75,735,355) (155,274,636) (1,277,387,601) (2,638,655,453) 
Net increase (decrease) 2,523,798 32,191,123 $7,819,987 $588,373,447 
Class K     
Shares sold 72,215,610 176,534,632 $1,211,740,807 $3,029,214,168 
Reinvestment of distributions 26,390,186 65,114,314 415,909,316 1,123,248,324 
Shares redeemed (124,271,809) (294,936,006) (2,076,188,887) (5,062,227,218) 
Net increase (decrease) (25,666,013) (53,287,060) $(448,538,764) $(909,764,726) 
Class K6     
Shares sold 29,272,094 84,825,844 $495,670,002 $1,468,459,704 
Reinvestment of distributions 6,448,047 13,260,008 101,427,773 229,291,937 
Shares redeemed (24,480,023) (37,055,380) (413,287,717) (629,252,755) 
Net increase (decrease) 11,240,118 61,030,472 $183,810,058 $1,068,498,886 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 47,368,974 113,741,577 $658,462,380 $1,630,766,349 
Reinvestment of distributions 18,233,461 40,976,204 237,217,321 592,915,749 
Shares redeemed (60,526,163) (119,576,927) (847,503,016) (1,699,632,448) 
Net increase (decrease) 5,076,272 35,140,854 $48,176,685 $524,049,650 
Class K     
Shares sold 71,358,465 168,867,390 $992,298,580 $2,419,916,667 
Reinvestment of distributions 23,795,776 55,644,661 309,107,127 803,187,819 
Shares redeemed (109,601,300) (244,892,441) (1,521,673,049) (3,518,499,555) 
Net increase (decrease) (14,447,059) (20,380,390) $(220,267,342) $(295,395,069) 
Class K6     
Shares sold 29,447,357 83,491,582 $413,102,617 $1,205,269,478 
Reinvestment of distributions 6,649,144 13,100,559 86,239,401 189,690,955 
Shares redeemed (25,334,457) (36,490,371) (355,439,895) (518,046,774) 
Net increase (decrease) 10,762,044 60,101,770 $143,902,123 $876,913,659 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 63,081,265 148,207,317 $608,579,459 $1,480,583,200 
Reinvestment of distributions 26,995,067 58,986,229 243,225,567 594,906,221 
Shares redeemed (81,384,246) (161,849,253) (791,678,302) (1,606,161,212) 
Net increase (decrease) 8,692,086 45,344,293 $60,126,724 $469,328,209 
Class K     
Shares sold 94,470,326 228,513,475 $913,358,263 $2,280,569,001 
Reinvestment of distributions 35,237,442 80,764,580 317,136,977 813,339,526 
Shares redeemed (153,050,759) (357,963,845) (1,473,625,705) (3,601,591,470) 
Net increase (decrease) (23,342,991) (48,685,790) $(243,130,465) $(507,682,943) 
Class K6     
Shares sold 38,084,159 115,285,916 $372,267,170 $1,161,910,139 
Reinvestment of distributions 9,155,921 17,249,575 82,128,608 174,145,784 
Shares redeemed (32,098,929) (48,956,074) (314,293,923) (486,362,405) 
Net increase (decrease) 15,141,151 83,579,417 $140,101,855 $849,693,518 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 40,107,965 92,834,825 $442,706,501 $1,052,711,401 
Reinvestment of distributions 11,976,973 26,536,232 122,763,971 303,790,239 
Shares redeemed (42,706,331) (85,651,233) (473,206,864) (969,131,560) 
Net increase (decrease) 9,378,607 33,719,824 $92,263,608 $387,370,080 
Class K     
Shares sold 70,178,516 169,535,052 $771,941,540 $1,924,827,353 
Reinvestment of distributions 20,306,220 46,786,003 207,935,690 534,743,331 
Shares redeemed (93,966,505) (218,505,191) (1,030,670,202) (2,496,482,111) 
Net increase (decrease) (3,481,769) (2,184,136) $(50,792,972) $(36,911,427) 
Class K6     
Shares sold 27,824,426 83,338,110 $309,468,604 $949,921,676 
Reinvestment of distributions 5,776,977 11,022,557 58,982,940 126,245,247 
Shares redeemed (21,668,683) (33,203,180) (240,307,860) (375,039,791) 
Net increase (decrease) 11,932,720 61,157,487 $128,143,684 $701,127,132 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 37,715,340 86,803,107 $418,974,886 $990,290,176 
Reinvestment of distributions 10,156,990 22,134,695 104,920,791 255,338,403 
Shares redeemed (38,470,003) (77,352,469) (429,101,594) (882,546,280) 
Net increase (decrease) 9,402,327 31,585,333 $94,794,083 $363,082,299 
Class K     
Shares sold 70,712,325 164,631,759 $783,227,187 $1,876,495,556 
Reinvestment of distributions 18,056,332 40,989,580 186,160,778 471,956,025 
Shares redeemed (84,200,172) (192,383,993) (933,298,146) (2,214,961,322) 
Net increase (decrease) 4,568,485 13,237,346 $36,089,819 $133,490,259 
Class K6     
Shares sold 25,619,995 69,709,805 $287,432,646 $800,271,011 
Reinvestment of distributions 4,578,246 8,752,663 47,155,936 101,131,805 
Shares redeemed (17,587,562) (26,451,258) (195,454,492) (300,989,378) 
Net increase (decrease) 12,610,679 52,011,210 $139,134,090 $600,413,438 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 21,685,907 49,395,268 $274,905,485 $643,035,222 
Reinvestment of distributions 3,654,676 7,798,392 43,125,174 102,625,840 
Shares redeemed (18,172,750) (34,001,316) (231,184,781) (442,574,631) 
Net increase (decrease) 7,167,833 23,192,344 $86,845,878 $303,086,431 
Class K     
Shares sold 42,333,527 98,294,050 $536,263,038 $1,279,899,187 
Reinvestment of distributions 7,301,347 16,294,147 86,082,879 214,235,276 
Shares redeemed (44,369,548) (81,781,810) (563,584,855) (1,071,944,342) 
Net increase (decrease) 5,265,326 32,806,387 $58,761,062 $422,190,121 
Class K6     
Shares sold 14,814,775 35,389,462 $189,787,659 $461,897,087 
Reinvestment of distributions 1,854,924 3,484,682 21,832,459 45,948,865 
Shares redeemed (8,716,507) (12,065,028) (110,645,780) (157,096,769) 
Net increase (decrease) 7,953,192 26,809,116 $100,974,338 $350,749,183 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 12,041,804 24,715,754 $138,737,760 $289,885,103 
Reinvestment of distributions 1,108,939 2,154,814 11,810,200 25,699,575 
Shares redeemed (7,217,694) (12,415,399) (82,890,597) (146,323,853) 
Net increase (decrease) 5,933,049 14,455,169 $67,657,363 $169,260,825 
Class K     
Shares sold 25,495,813 52,717,569 $291,577,904 $617,142,995 
Reinvestment of distributions 2,400,855 4,733,025 25,545,097 56,366,020 
Shares redeemed (16,754,124) (29,579,858) (192,639,062) (350,106,972) 
Net increase (decrease) 11,142,544 27,870,736 $124,483,939 $323,402,043 
Class K6     
Shares sold 7,396,313 15,209,903 $85,529,921 $178,501,702 
Reinvestment of distributions 604,727 1,003,574 6,428,248 12,011,519 
Shares redeemed (3,523,910) (4,429,681) (40,651,206) (52,024,437) 
Net increase (decrease) 4,477,130 11,783,796 $51,306,963 $138,488,784 
Fidelity Freedom 2065 Fund(a)     
Fidelity Freedom 2065 Fund     
Shares sold 1,740,003 1,748,380 $17,844,873 $17,740,722 
Reinvestment of distributions 12,035 8,870 112,526 95,175 
Shares redeemed (510,731) (192,386) (5,276,915) (1,889,544) 
Net increase (decrease) 1,241,307 1,564,864 $12,680,484 $15,946,353 
Class K     
Shares sold 3,285,951 3,185,241 $33,082,487 $31,981,556 
Reinvestment of distributions 21,138 11,588 197,644 124,339 
Shares redeemed (1,189,532) (804,272) (12,097,562) (8,000,885) 
Net increase (decrease) 2,117,557 2,392,557 $21,182,569 $24,105,010 
Class K6     
Shares sold 1,039,153 770,120 $10,372,080 $7,618,052 
Reinvestment of distributions 7,081 4,004 66,276 43,007 
Shares redeemed (300,177) (59,599) (3,037,355) (544,461) 
Net increase (decrease) 746,057 714,525 $7,401,001 $7,116,598 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 underlying mutual 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 mutual funds' 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 following underlying mutual funds.

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

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

Fund % of shares held 
Fidelity Series Small Cap Opportunities Fund 83% 
Fidelity Series Investment Grade Bond Fund 78% 
Fidelity Series All-Sector Equity Fund 86% 
Fidelity Series Emerging Markets Opportunities Fund 84% 
Fidelity Series Inflation-Protected Bond Index Fund 67% 
Fidelity Series High Income Fund 82% 
Fidelity Series Floating Rate High Income Fund 80% 
Fidelity Series Real Estate Income Fund 82% 
Fidelity Series Commodity Strategy Fund 82% 
Fidelity Series International Growth Fund 85% 
Fidelity Series International Value Fund 85% 
Fidelity Series International Small Cap Fund 85% 
Fidelity Series Emerging Markets Debt Fund 81% 
Fidelity Series Value Discovery Fund 81% 
Fidelity Series Intrinsic Opportunities Fund 97% 
Fidelity Series Large Cap Stock Fund 82% 
Fidelity Series Opportunistic Insights Fund 86% 
Fidelity Series Stock Selector Large Cap Value Fund 87% 
Fidelity Series Growth Company Fund 97% 
Fidelity Series Blue Chip Growth Fund 87% 
Fidelity Series Large Cap Value Index Fund 77% 
Fidelity Series Small Cap Discovery Fund 97% 
Fidelity Series Short-Term Credit Fund 63% 
Fidelity Series Government Money Market Fund 65% 
Fidelity Series Long-Term Treasury Bond Index Fund 61% 
Fidelity Series International Credit Fund 91% 
Fidelity Series Canada Fund 85% 
Fidelity Series Emerging Markets Fund 84% 
Fidelity Series Overseas Fund 85% 

11. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include 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 a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2020 to September 30, 2020).

Actual Expenses

The first line of the accompanying table 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/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
April 1, 2020 
Ending
Account Value
September 30, 2020 
Expenses Paid
During Period-B
April 1, 2020
to September 30, 2020 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .47%    
Actual  $1,000.00 $1,093.60 $2.47 
Hypothetical-C  $1,000.00 $1,022.71 $2.38 
Class K .42%    
Actual  $1,000.00 $1,094.20 $2.20 
Hypothetical-C  $1,000.00 $1,022.96 $2.13 
Class K6 .37%    
Actual  $1,000.00 $1,093.50 $1.94 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .46%    
Actual  $1,000.00 $1,109.70 $2.43 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class K .41%    
Actual  $1,000.00 $1,110.20 $2.17 
Hypothetical-C  $1,000.00 $1,023.01 $2.08 
Class K6 .36%    
Actual  $1,000.00 $1,110.50 $1.90 
Hypothetical-C  $1,000.00 $1,023.26 $1.83 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .51%    
Actual  $1,000.00 $1,134.10 $2.73 
Hypothetical-C  $1,000.00 $1,022.51 $2.59 
Class K .45%    
Actual  $1,000.00 $1,134.40 $2.41 
Hypothetical-C  $1,000.00 $1,022.81 $2.28 
Class K6 .38%    
Actual  $1,000.00 $1,135.20 $2.03 
Hypothetical-C  $1,000.00 $1,023.16 $1.93 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .55%    
Actual  $1,000.00 $1,159.90 $2.98 
Hypothetical-C  $1,000.00 $1,022.31 $2.79 
Class K .48%    
Actual  $1,000.00 $1,159.30 $2.60 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Class K6 .40%    
Actual  $1,000.00 $1,160.20 $2.17 
Hypothetical-C  $1,000.00 $1,023.06 $2.03 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .59%    
Actual  $1,000.00 $1,182.50 $3.23 
Hypothetical-C  $1,000.00 $1,022.11 $2.99 
Class K .52%    
Actual  $1,000.00 $1,182.90 $2.85 
Hypothetical-C  $1,000.00 $1,022.46 $2.64 
Class K6 .42%    
Actual  $1,000.00 $1,183.70 $2.30 
Hypothetical-C  $1,000.00 $1,022.96 $2.13 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .63%    
Actual  $1,000.00 $1,200.70 $3.48 
Hypothetical-C  $1,000.00 $1,021.91 $3.19 
Class K .55%    
Actual  $1,000.00 $1,201.30 $3.04 
Hypothetical-C  $1,000.00 $1,022.31 $2.79 
Class K6 .44%    
Actual  $1,000.00 $1,202.10 $2.43 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .68%    
Actual  $1,000.00 $1,227.20 $3.80 
Hypothetical-C  $1,000.00 $1,021.66 $3.45 
Class K .59%    
Actual  $1,000.00 $1,227.00 $3.29 
Hypothetical-C  $1,000.00 $1,022.11 $2.99 
Class K6 .46%    
Actual  $1,000.00 $1,227.90 $2.57 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .72%    
Actual  $1,000.00 $1,264.90 $4.09 
Hypothetical-C  $1,000.00 $1,021.46 $3.65 
Class K .62%    
Actual  $1,000.00 $1,265.60 $3.52 
Hypothetical-C  $1,000.00 $1,021.96 $3.14 
Class K6 .48%    
Actual  $1,000.00 $1,267.40 $2.73 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .75%    
Actual  $1,000.00 $1,285.20 $4.30 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,287.00 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,287.20 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .75%    
Actual  $1,000.00 $1,285.90 $4.30 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,286.60 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,286.90 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .75%    
Actual  $1,000.00 $1,286.30 $4.30 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,285.50 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,287.20 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .75%    
Actual  $1,000.00 $1,286.60 $4.30 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,285.70 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,287.20 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .75%    
Actual  $1,000.00 $1,284.90 $4.30 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,286.60 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,287.40 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Freedom 2065 Fund     
Fidelity Freedom 2065 Fund .75%    
Actual  $1,000.00 $1,284.30 $4.29 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class K .64%    
Actual  $1,000.00 $1,285.90 $3.67 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class K6 .49%    
Actual  $1,000.00 $1,285.90 $2.81 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 

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

 B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Funds

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

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

At its September 2020 meeting, the Board unanimously determined to renew each fund's Advisory Contract. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services provided by and the profits realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and are realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that each fund pays an all-inclusive management fee that covers all operating expenses of the fund, subject to certain exceptions, and varies by class (unified fee) and the underlying Fidelity funds in which the fund invests (Series Funds) do not pay expenses, with certain limited exceptions. The Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds previously formed a joint ad hoc committee to review the responsibilities of each board related to the consideration of the renewal of the Advisory Contracts for the funds, other funds that invest substantially all of their assets in Series Funds, and the Series Funds. The Board's deliberations were informed by the conclusions of such committee.

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

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

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the funds notwithstanding the severe disruptions caused by the COVID-19 pandemic.

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

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

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

Investment Performance (for each fund except Freedom 2065 Fund).  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions that occur at Board meetings throughout the year with representatives of the investment adviser about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more appropriate securities market indices, including a customized blended index that reflects the respective weights of the fund's asset classes (each a benchmark index). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance. For Freedom 2005 Fund, Freedom 2025 Fund, Freedom 2035 Fund, Freedom 2040 Fund, Freedom 2045 Fund, Freedom 2055 Fund, and Freedom Income Fund, each fund underperformed its benchmark and peers for the one- and three-year periods ended May 31, 2020, for Freedom 2060 Fund, the fund underperformed its benchmark for the one- and three-year periods ended January 31, 2020, and for Freedom 2050 Fund, the fund underperformed its benchmark for the one- and three-year periods ended September 30, 2019, and as a result, the Board continues to engage in discussions with FMR about the steps it is taking to address the fund's performance.

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

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods. Due to the characteristics of the funds, no peer group performance information was considered by the Board. The Independent Trustees recognize that shareholders who are not investing through a tax-advantaged retirement account also consider tax consequences in evaluating performance.

Investment Performance (for Freedom 2065 Fund).  The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. As the fund recently commenced operations, the Board did not believe that it was appropriate to assign significant weight to its limited investment performance.

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

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

Management Fee.  The Board considered two proprietary management fee comparisons. The group of Lipper funds used by the Board for management fee comparisons is referred to as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, also was considered by the Board.

The Board compared each fund's class-level management fee rate for the current fiscal year relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's unified fee arrangement covers non-management expenses and that the fee structures of the majority of peer funds do not include top-level management fees, similar to the fee structure in place for each fund prior to June 1, 2017. The Board also noted that the primary comparisons for the funds are against active and passive competitor target date funds. The Board also noted that the funds' total expense comparisons, which include the expenses of the Series Funds, facilitate better comparisons with funds and classes that use different expense structures and that, when compared to the total expenses of their load-type competitors, including acquired fund fees and expenses, all classes of the funds rank below their respective load types.

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

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's class-level management fee rate under the Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the unified fee arrangement. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2019. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that each fund offers multiple classes and that the multiple structures are intended to offer pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes of each fund vary primarily due to differences in transfer agent fees. The Board considered that, in general, various factors can affect total expense ratios.

The Board noted that the total expense ratio of the retail class (including expenses of the Series Funds): (i) ranked below the competitive median for 2019 for Freedom 2005 Fund, Freedom 2010 Fund, Freedom 2015 Fund, Freedom 2030 Fund, Freedom 2035 Fund, and Freedom Income Fund; (ii) ranked equal to the competitive median for 2019 for Freedom 2020 Fund; and (iii) ranked above the competitive median for 2019 for Freedom 2025 Fund, Freedom 2040 Fund, Freedom 2045 Fund, Freedom 2050 Fund, Freedom 2055 Fund, Freedom 2060 Fund, and Freedom 2065 Fund. The Board noted that, for each fund for which the total expense ratio of the retail class was above the competitive median, the class was above the competitive median because a number of competitor target date funds are classified by Lipper as active, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products, the total expense ratio of the retail class of each such fund is equal to or below median.

The Board noted that the total expense ratio of Class K (including expenses of the Series Funds): (i) ranked below the competitive median for 2019 for Freedom 2005 Fund, Freedom 2010 Fund, Freedom 2015 Fund, Freedom 2020 Fund, and Freedom Income Fund; and (ii) ranked above the competitive median for 2019 for Freedom 2025 Fund, Freedom 2030 Fund, Freedom 2035 Fund, Freedom 2040 Fund, Freedom 2045 Fund, Freedom 2050 Fund, Freedom 2055 Fund, Freedom 2060 Fund, and Freedom 2065 Fund. The Board noted that, for each fund for which the total expense ratio of Class K was above the competitive median, the class was above the competitive median because a number of competitor target date funds are classified by Lipper as active, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products, the total expense ratio of each such fund is equal to or below median.

The Board noted that the total expense ratio of Class K6 (including expenses of the Series Funds) of each fund ranked below the competitive median for 2019.

The Board considered that current contractual arrangements for the fund oblige FMR to pay all "class-level" expenses of Class K6 of each fund to the extent necessary to limit total operating expenses, with certain exceptions, to an amount specified in the applicable expense contract. These contractual arrangements may not be amended to increase the fees or expenses payable by Class K6 of a fund except by a vote of a majority of the Board of Trustees and by a vote of a majority of the outstanding voting securities of Class K6 of the applicable fund.

In considering the total expense ratio of Class K of Fidelity Freedom 2030 Fund, the Board also considered an alternative ASPG competitive analysis that focused on competitors most similar in size to the class. The Board noted that the alternative analysis excluded performance fees and 12b-1 fees from the competitive comparisons. The Board noted that, under this alternative competitive analysis, the total expense ratio of Class K of Fidelity Freedom 2030 Fund ranked above the competitive median for 2019. The Board noted that direct comparisons of the Fidelity Freedom Funds were difficult given the wide dispersion in strategic and active allocation among competitors and that lower-priced competitors in Class K's ASPG generally have lower fees due to lower equity and/or international allocations.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and the Series Funds in which each fund invests and in servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

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

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund, including the conclusions of the PFOB Committee, and was satisfied that the profitability was not excessive.

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

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

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation agreements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and outflows from actively managed equity funds; and (viii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

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





Fidelity Investments

FF-SANN-1120
1.537284.123




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



Semi-Annual Report

September 30, 2020

Fidelity Investments
See the inside front cover for important information about access to your fund’s shareholder reports.


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

Note to Shareholders

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

Fidelity Advisor Freedom® 2065 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


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

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

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

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

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2020 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Fidelity Advisor Freedom® Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 38.5 
Fidelity Series Government Money Market Fund 0.16% 19.1 
Fidelity Series Inflation-Protected Bond Index Fund 12.0 
Fidelity Series Emerging Markets Opportunities Fund 6.3 
Fidelity Series Short-Term Credit Fund 4.6 
Fidelity Series Commodity Strategy Fund 2.5 
Fidelity Series Long-Term Treasury Bond Index Fund 2.3 
Fidelity Series International Growth Fund 1.5 
Fidelity Series Overseas Fund 1.5 
Fidelity Series International Value Fund 1.4 
 89.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 8.9% 
   International Equity Funds 12.3% 
   Bond Funds 54.7% 
   Short-Term Funds 24.0% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® Income Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $189,961) 190,000 189,964 
 Shares Value 
Domestic Equity Funds - 8.9%   
Fidelity Advisor Series Equity Growth Fund (b) 105,024 $1,910,383 
Fidelity Advisor Series Growth Opportunities Fund (b) 71,637 1,317,408 
Fidelity Advisor Series Small Cap Fund (b) 77,767 865,547 
Fidelity Series All-Sector Equity Fund (b) 77,366 823,947 
Fidelity Series Commodity Strategy Fund (b) 1,404,876 5,844,284 
Fidelity Series Large Cap Stock Fund (b) 213,684 3,025,772 
Fidelity Series Large Cap Value Index Fund (b) 28,166 326,730 
Fidelity Series Opportunistic Insights Fund (b) 82,138 1,776,644 
Fidelity Series Small Cap Opportunities Fund (b) 83,469 1,065,070 
Fidelity Series Stock Selector Large Cap Value Fund (b) 174,780 1,922,583 
Fidelity Series Value Discovery Fund (b) 159,119 1,966,708 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $17,887,939)  20,845,076 
International Equity Funds - 12.3%   
Fidelity Series Canada Fund (b) 113,505 1,161,160 
Fidelity Series Emerging Markets Fund (b) 174,739 1,647,789 
Fidelity Series Emerging Markets Opportunities Fund (b) 696,511 14,612,811 
Fidelity Series International Growth Fund (b) 182,905 3,434,963 
Fidelity Series International Small Cap Fund (b) 60,016 1,068,289 
Fidelity Series International Value Fund (b) 391,129 3,371,536 
Fidelity Series Overseas Fund (b) 306,640 3,428,234 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $22,402,420)  28,724,782 
Bond Funds - 54.7%   
Fidelity Series Emerging Markets Debt Fund (b) 169,940 1,539,658 
Fidelity Series Floating Rate High Income Fund (b) 40,488 358,315 
Fidelity Series High Income Fund (b) 177,506 1,618,852 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,609,677 27,923,541 
Fidelity Series International Credit Fund (b) 12,719 132,405 
Fidelity Series Investment Grade Bond Fund (b) 7,329,391 89,711,747 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 514,806 5,317,944 
Fidelity Series Real Estate Income Fund (b) 104,973 1,047,631 
TOTAL BOND FUNDS   
(Cost $114,825,927)  127,650,093 
Short-Term Funds - 24.0%   
Fidelity Cash Central Fund 0.10% (c) 602,573 602,693 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 44,443,914 44,443,914 
Fidelity Series Short-Term Credit Fund (b) 1,051,888 10,781,856 
TOTAL SHORT-TERM FUNDS   
(Cost $55,501,825)  55,828,463 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $210,808,072)  233,238,378 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (47,204) 
NET ASSETS - 100%  $233,191,174 

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) Dec. 2020 $167,600 $(1,094) $(1,094) 

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

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 $189,964.

 (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 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 $480 
Total $480 

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 $1,456,870 $612,817 $905,958 $-- $181,311 $565,343 $1,910,383 
Fidelity Advisor Series Growth Opportunities Fund 680,454 743,297 715,846 -- 108,079 501,424 1,317,408 
Fidelity Advisor Series Small Cap Fund 496,538 444,359 258,047 -- 1,110 181,587 865,547 
Fidelity Series All-Sector Equity Fund 612,895 304,527 322,489 -- 14,085 214,929 823,947 
Fidelity Series Canada Fund 807,963 301,464 182,587 -- (19,176) 253,496 1,161,160 
Fidelity Series Commodity Strategy Fund 7,094,346 510,072 2,517,543 25,362 (1,119,711) 1,877,120 5,844,284 
Fidelity Series Emerging Markets Debt Fund 1,336,326 158,520 122,598 39,847 2,569 164,841 1,539,658 
Fidelity Series Emerging Markets Fund 870,605 562,594 154,740 -- 2,446 366,884 1,647,789 
Fidelity Series Emerging Markets Opportunities Fund 8,297,125 4,998,668 2,319,640 -- 121,743 3,514,915 14,612,811 
Fidelity Series Floating Rate High Income Fund 318,977 36,551 29,661 7,840 442 32,006 358,315 
Fidelity Series Government Money Market Fund 0.16% 44,857,683 8,797,402 9,211,171 52,205 -- -- 44,443,914 
Fidelity Series High Income Fund 1,426,045 186,974 148,304 43,419 2,803 151,334 1,618,852 
Fidelity Series Inflation-Protected Bond Index Fund 26,028,896 3,045,923 2,763,741 22,074 23,105 1,589,358 27,923,541 
Fidelity Series International Credit Fund 119,792 1,861 -- 1,862 -- 10,752 132,405 
Fidelity Series International Growth Fund 4,340,763 317,587 2,245,708 -- 736,962 285,359 3,434,963 
Fidelity Series International Small Cap Fund 1,041,709 84,140 353,840 -- 30,297 265,983 1,068,289 
Fidelity Series International Value Fund 3,622,634 336,516 1,251,883 -- (97,526) 761,795 3,371,536 
Fidelity Series Investment Grade Bond Fund 83,054,476 9,616,116 8,041,525 1,143,008 40,394 5,042,286 89,711,747 
Fidelity Series Large Cap Stock Fund 1,779,891 1,747,824 724,287 123,145 (38,312) 260,656 3,025,772 
Fidelity Series Large Cap Value Index Fund 189,580 136,698 44,920 -- 1,181 44,191 326,730 
Fidelity Series Long-Term Treasury Bond Index Fund 5,399,057 1,028,266 943,757 138,558 86,909 (252,531) 5,317,944 
Fidelity Series Opportunistic Insights Fund 1,409,926 511,997 782,660 -- 162,376 475,005 1,776,644 
Fidelity Series Overseas Fund 3,280,261 701,722 1,501,404 -- (81,008) 1,028,663 3,428,234 
Fidelity Series Real Estate Income Fund 856,974 123,195 92,951 33,219 (282) 160,695 1,047,631 
Fidelity Series Short-Term Credit Fund 10,251,480 194,581 50,076 117,288 403 385,468 10,781,856 
Fidelity Series Small Cap Opportunities Fund 620,453 575,568 304,887 7,684 3,198 170,738 1,065,070 
Fidelity Series Stock Selector Large Cap Value Fund 1,140,351 741,160 257,658 -- 2,742 295,988 1,922,583 
Fidelity Series Value Discovery Fund 1,128,277 877,582 327,744 -- (8,439) 297,032 1,966,708 
 $212,520,347 $37,697,981 $36,575,625 $1,755,511 $157,701 $18,645,317 $232,445,721 

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 September 30, 2020, 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 and Net Other Assets $189,964 $-- $189,964 $-- 
Domestic Equity Funds 20,845,076 20,845,076 -- -- 
International Equity Funds 28,724,782 28,724,782 -- -- 
Bond Funds 127,650,093 127,650,093 -- -- 
Short-Term Funds 55,828,463 55,828,463 -- -- 
Total Investments in Securities: $233,238,378 $233,048,414 $189,964 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,094) $(1,094) $-- $-- 
Total Liabilities $(1,094) $(1,094) $-- $-- 
Total Derivative Instruments: $(1,094) $(1,094) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,094) 
Total Equity Risk (1,094) 
Total Value of Derivatives $0 $(1,094) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $189,961) 
$189,964  
Fidelity Central Funds (cost $602,709) 602,693  
Other affiliated issuers (cost $210,015,402) 232,445,721  
Total Investment in Securities (cost $210,808,072)  $233,238,378 
Cash  8,640 
Receivable for investments sold  3,950,514 
Receivable for fund shares sold  90,476 
Distributions receivable from Fidelity Central Funds  54 
Total assets  237,288,062 
Liabilities   
Payable for investments purchased $3,064,484  
Payable for fund shares redeemed 891,752  
Accrued management fee 88,993  
Distribution and service plan fees payable 36,961  
Payable for daily variation margin on futures contracts 14,698  
Total liabilities  4,096,888 
Net Assets  $233,191,174 
Net Assets consist of:   
Paid in capital  $211,137,298 
Total accumulated earnings (loss)  22,053,876 
Net Assets  $233,191,174 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($67,195,272 ÷ 5,957,251 shares)(a)  $11.28 
Maximum offering price per share (100/94.25 of $11.28)  $11.97 
Class M:   
Net Asset Value and redemption price per share ($38,955,033 ÷ 3,457,482 shares)(a)  $11.27 
Maximum offering price per share (100/96.50 of $11.27)  $11.68 
Class C:   
Net Asset Value and offering price per share ($8,166,568 ÷ 726,395 shares)(a)  $11.24 
Class I:   
Net Asset Value, offering price and redemption price per share ($89,078,569 ÷ 7,870,065 shares)  $11.32 
Class Z:   
Net Asset Value, offering price and redemption price per share ($8,492,364 ÷ 751,003 shares)  $11.31 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($21,303,368 ÷ 1,883,964 shares)  $11.31 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,567,183 
Interest  257 
Income from Fidelity Central Funds  480 
Total income  1,567,920 
Expenses   
Management fee $518,976  
Distribution and service plan fees 217,165  
Independent trustees' fees and expenses 315  
Total expenses before reductions 736,456  
Expense reductions (244)  
Total expenses after reductions  736,212 
Net investment income (loss)  831,708 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (2)  
Fidelity Central Funds (56)  
Other affiliated issuers 157,701  
Futures contracts (193,490)  
Capital gain distributions from underlying funds:   
Affiliated issuers 188,328  
Total net realized gain (loss)  152,481 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (133)  
Fidelity Central Funds (19)  
Other affiliated issuers 18,645,317  
Futures contracts (1,094)  
Total change in net unrealized appreciation (depreciation)  18,644,071 
Net gain (loss)  18,796,552 
Net increase (decrease) in net assets resulting from operations  $19,628,260 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $831,708 $3,882,218 
Net realized gain (loss) 152,481 4,761,960 
Change in net unrealized appreciation (depreciation) 18,644,071 (6,103,407) 
Net increase (decrease) in net assets resulting from operations 19,628,260 2,540,771 
Distributions to shareholders (3,470,965) (8,121,516) 
Share transactions - net increase (decrease) 3,572,189 (6,510,541) 
Total increase (decrease) in net assets 19,729,484 (12,091,286) 
Net Assets   
Beginning of period 213,461,690 225,552,976 
End of period $233,191,174 $213,461,690 

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


Financial Highlights

Fidelity Advisor Freedom Income Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.50 $10.76 $11.01 $10.94 $10.64 $11.07 
Income from Investment Operations       
Net investment income (loss)A .04 .18 .20 .15 .16 .18 
Net realized and unrealized gain (loss) .91 (.06)B .12 .34 .44 (.25) 
Total from investment operations .95 .12 .32 .49 .60 (.07) 
Distributions from net investment income (.04) (.18) (.19) (.15) (.16)C (.18) 
Distributions from net realized gain (.13) (.20) (.38) (.26) (.14)C (.19) 
Total distributions (.17) (.38) (.57) (.42)D (.30) (.36)D 
Net asset value, end of period $11.28 $10.50 $10.76 $11.01 $10.94 $10.64 
Total ReturnE,F,G 9.09% 1.04%B 3.14% 4.47% 5.74% (.59)% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .71%J,K .72% .71%K .63% .25% .25% 
Expenses net of fee waivers, if any .71%J,K .72% .71%K .63% .25% .25% 
Expenses net of all reductions .71%J,K .72% .71%K .63% .25% .25% 
Net investment income (loss) .66%J 1.64% 1.84% 1.38% 1.47% 1.63% 
Supplemental Data       
Net assets, end of period (000 omitted) $67,195 $61,807 $69,817 $76,141 $87,983 $99,211 
Portfolio turnover rateI 32%J 25% 36% 21% 38% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 0.93%.

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

 D Total distributions per share do not sum due to rounding.

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

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

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

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Advisor Freedom Income Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.49 $10.74 $11.00 $10.93 $10.62 $11.06 
Income from Investment Operations       
Net investment income (loss)A .02 .15 .17 .13 .13 .15 
Net realized and unrealized gain (loss) .91 (.04)B .12 .33 .45 (.25) 
Total from investment operations .93 .11 .29 .46 .58 (.10) 
Distributions from net investment income (.03) (.16) (.17) (.13) (.13)C (.15) 
Distributions from net realized gain (.13) (.20) (.38) (.26) (.14)C (.19) 
Total distributions (.15)D (.36) (.55) (.39) (.27) (.34) 
Net asset value, end of period $11.27 $10.49 $10.74 $11.00 $10.93 $10.62 
Total ReturnE,F,G 8.96% .90%B 2.78% 4.22% 5.56% (.93)% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .96%J,K .97% .96%K .89% .50% .50% 
Expenses net of fee waivers, if any .96%J,K .97% .96%K .89% .50% .50% 
Expenses net of all reductions .96%J,K .97% .96%K .89% .50% .50% 
Net investment income (loss) .41%J 1.39% 1.59% 1.13% 1.22% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $38,955 $36,147 $38,059 $38,204 $38,513 $42,887 
Portfolio turnover rateI 32%J 25% 36% 21% 38% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 0.79%.

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

 D Total distributions per share do not sum due to rounding.

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

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

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

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Advisor Freedom Income Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.47 $10.73 $10.98 $10.91 $10.61 $11.04 
Income from Investment Operations       
Net investment income (loss)A (.01) .10 .12 .07 .08 .09 
Net realized and unrealized gain (loss) .91 (.06)B .12 .33 .44 (.24) 
Total from investment operations .90 .04 .24 .40 .52 (.15) 
Distributions from net investment income C (.10) (.11) (.07) (.08)D (.10) 
Distributions from net realized gain (.13) (.20) (.38) (.26) (.14)D (.19) 
Total distributions (.13) (.30) (.49) (.33) (.22) (.28)E 
Net asset value, end of period $11.24 $10.47 $10.73 $10.98 $10.91 $10.61 
Total ReturnF,G,H 8.65% .30%B 2.35% 3.69% 4.99% (1.35)% 
Ratios to Average Net AssetsI,J       
Expenses before reductions 1.46%K,L 1.46%L 1.46%L 1.39% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.46%K,L 1.46%L 1.46%L 1.39% 1.00% 1.00% 
Expenses net of all reductions 1.46%K,L 1.46%L 1.46%L 1.39% 1.00% 1.00% 
Net investment income (loss) (.09)%K .89% 1.09% .63% .72% .88% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,167 $7,918 $8,915 $13,727 $14,434 $14,712 
Portfolio turnover rateJ 32%K 25% 36% 21% 38% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 0.19%.

 C Amount represents less than $.005 per share.

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

 E Total distributions per share do not sum due to rounding.

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

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

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

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 K Annualized

 L 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.53 $10.79 $11.05 $10.98 $10.67 $11.10 
Income from Investment Operations       
Net investment income (loss)A .05 .21 .23 .18 .19 .20 
Net realized and unrealized gain (loss) .92 (.06)B .11 .33 .45 (.24) 
Total from investment operations .97 .15 .34 .51 .64 (.04) 
Distributions from net investment income (.05) (.21) (.22) (.18) (.19)C (.20) 
Distributions from net realized gain (.13) (.20) (.38) (.26) (.14)C (.19) 
Total distributions (.18) (.41) (.60) (.44) (.33) (.39) 
Net asset value, end of period $11.32 $10.53 $10.79 $11.05 $10.98 $10.67 
Total ReturnD,E 9.29% 1.30%B 3.30% 4.70% 6.07% (.34)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .46%H,I .47% .46%I .39% - %J - %J 
Expenses net of fee waivers, if any .46%H,I .47% .46%I .39% -% -% 
Expenses net of all reductions .46%H,I .47% .46%I .39% -% -% 
Net investment income (loss) .91%H 1.89% 2.09% 1.63% 1.72% 1.88% 
Supplemental Data       
Net assets, end of period (000 omitted) $89,079 $83,215 $82,975 $83,723 $81,839 $83,497 
Portfolio turnover rateG 32%H 25% 36% 21% 38% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 1.19%.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom Income Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.53 $10.79 $10.91 
Income from Investment Operations    
Net investment income (loss)B .05 .21 .24 
Net realized and unrealized gain (loss) .92 (.05)C .01 
Total from investment operations .97 .16 .25 
Distributions from net investment income (.06) (.22) (.15) 
Distributions from net realized gain (.13) (.20) (.22) 
Total distributions (.19) (.42) (.37) 
Net asset value, end of period $11.31 $10.53 $10.79 
Total ReturnD,E 9.26% 1.36%C 2.47% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .41%H,I .42% .42%H 
Expenses net of fee waivers, if any .41%H,I .42% .42%H 
Expenses net of all reductions .41%H,I .42% .42%H 
Net investment income (loss) .96%H 1.94% 4.60%H 
Supplemental Data    
Net assets, end of period (000 omitted) $8,492 $3,128 $765 
Portfolio turnover rateG 32%H 25% 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 Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 1.25%.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Income Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.52 $10.78 $11.04 $11.09 
Income from Investment Operations     
Net investment income (loss)B .06 .22 .23 .27 
Net realized and unrealized gain (loss) .92 (.06)C .13 .03 
Total from investment operations .98 .16 .36 .30 
Distributions from net investment income (.06) (.22) (.24) (.16) 
Distributions from net realized gain (.13) (.20) (.38) (.19) 
Total distributions (.19) (.42) (.62) (.35) 
Net asset value, end of period $11.31 $10.52 $10.78 $11.04 
Total ReturnD,E 9.36% 1.38%C 3.48% 2.69% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .37%H .36%I .37% .37%H 
Expenses net of fee waivers, if any .37%H .36%I .37% .37%H 
Expenses net of all reductions .36%H .36%I .37% .37%H 
Net investment income (loss) 1.01%H 1.99% 2.19% 2.92%H 
Supplemental Data     
Net assets, end of period (000 omitted) $21,303 $21,248 $25,022 $1,693 
Portfolio turnover rateG 32%H 25% 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 Amount includes a gain realized from an operational error which amounted to $0.01 per share. Excluding this gain, the total return would have been 1.27%.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 36.7 
Fidelity Series Government Money Market Fund 0.16% 17.1 
Fidelity Series Inflation-Protected Bond Index Fund 11.1 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series Short-Term Credit Fund 4.1 
Fidelity Series Commodity Strategy Fund 2.4 
Fidelity Series Long-Term Treasury Bond Index Fund 2.3 
Fidelity Series Large Cap Stock Fund 1.9 
Fidelity Series International Growth Fund 1.9 
Fidelity Series Overseas Fund 1.9 
 86.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 12.0% 
   International Equity Funds 14.4% 
   Bond Funds 52.0% 
   Short-Term Funds 21.5% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2005 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $159,968) 160,000 159,970 
 Shares Value 
Domestic Equity Funds - 12.0%   
Fidelity Advisor Series Equity Growth Fund (b) 108,779 $1,978,693 
Fidelity Advisor Series Growth Opportunities Fund (b) 74,194 1,364,424 
Fidelity Advisor Series Small Cap Fund (b) 80,531 896,311 
Fidelity Series All-Sector Equity Fund (b) 80,109 853,159 
Fidelity Series Commodity Strategy Fund (b) 951,913 3,959,958 
Fidelity Series Large Cap Stock Fund (b) 221,273 3,133,228 
Fidelity Series Large Cap Value Index Fund (b) 29,173 338,412 
Fidelity Series Opportunistic Insights Fund (b) 85,053 1,839,704 
Fidelity Series Small Cap Opportunities Fund (b) 86,443 1,103,019 
Fidelity Series Stock Selector Large Cap Value Fund (b) 181,032 1,991,351 
Fidelity Series Value Discovery Fund (b) 164,769 2,036,542 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $15,849,055)  19,494,801 
International Equity Funds - 14.4%   
Fidelity Series Canada Fund (b) 99,352 1,016,374 
Fidelity Series Emerging Markets Fund (b) 129,870 1,224,677 
Fidelity Series Emerging Markets Opportunities Fund (b) 531,836 11,157,923 
Fidelity Series International Growth Fund (b) 162,365 3,049,210 
Fidelity Series International Small Cap Fund (b) 53,072 944,677 
Fidelity Series International Value Fund (b) 343,337 2,959,567 
Fidelity Series Overseas Fund (b) 270,799 3,027,532 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $17,723,288)  23,379,960 
Bond Funds - 52.0%   
Fidelity Series Emerging Markets Debt Fund (b) 116,959 1,059,653 
Fidelity Series Floating Rate High Income Fund (b) 28,837 255,203 
Fidelity Series High Income Fund (b) 122,804 1,119,970 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,680,953 17,986,201 
Fidelity Series International Credit Fund (b) 12,088 125,836 
Fidelity Series Investment Grade Bond Fund (b) 4,869,523 59,602,962 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 358,806 3,706,466 
Fidelity Series Real Estate Income Fund (b) 73,292 731,453 
TOTAL BOND FUNDS   
(Cost $76,170,573)  84,587,744 
Short-Term Funds - 21.5%   
Fidelity Cash Central Fund 0.10% (c) 454,090 454,181 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 27,816,639 27,816,639 
Fidelity Series Short-Term Credit Fund (b) 653,235 6,695,663 
TOTAL SHORT-TERM FUNDS   
(Cost $34,773,188)  34,966,483 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $144,676,072)  162,588,958 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (36,425) 
NET ASSETS - 100%  $162,552,533 

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) Dec. 2020 $92,660 $(2) $(2) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 167,600 (1,094) (1,094) 
TOTAL FUTURES CONTRACTS     $(1,096) 

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 0.1%

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 $159,970.

 (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 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 $350 
Total $350 

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 $1,666,180 $363,089 $859,193 $-- $256,217 $552,400 $1,978,693 
Fidelity Advisor Series Growth Opportunities Fund 923,185 444,818 671,652 -- 129,174 538,899 1,364,424 
Fidelity Advisor Series Small Cap Fund 678,094 249,884 249,229 -- (2,835) 220,397 896,311 
Fidelity Series All-Sector Equity Fund 722,384 180,031 310,466 -- 11,774 249,436 853,159 
Fidelity Series Canada Fund 712,048 243,974 152,190 -- (14,342) 226,884 1,016,374 
Fidelity Series Commodity Strategy Fund 4,987,475 222,800 1,790,494 16,954 (485,782) 1,025,959 3,959,958 
Fidelity Series Emerging Markets Debt Fund 943,028 77,444 79,027 27,740 (859) 119,067 1,059,653 
Fidelity Series Emerging Markets Fund 707,859 380,319 153,782 -- 74 290,207 1,224,677 
Fidelity Series Emerging Markets Opportunities Fund 6,640,525 3,447,999 1,789,286 -- 145,872 2,712,813 11,157,923 
Fidelity Series Floating Rate High Income Fund 233,060 17,672 19,119 5,647 (436) 24,026 255,203 
Fidelity Series Government Money Market Fund 0.16% 28,109,999 6,058,173 6,351,533 32,486 -- -- 27,816,639 
Fidelity Series High Income Fund 1,015,645 90,559 95,597 30,433 1,345 108,018 1,119,970 
Fidelity Series Inflation-Protected Bond Index Fund 16,675,121 1,905,316 1,628,879 14,181 11,309 1,023,334 17,986,201 
Fidelity Series International Credit Fund 113,848 1,769 -- 1,769 -- 10,219 125,836 
Fidelity Series International Growth Fund 3,899,704 179,074 1,953,983 -- 779,828 144,587 3,049,210 
Fidelity Series International Small Cap Fund 931,403 45,583 301,042 -- 58,909 209,824 944,677 
Fidelity Series International Value Fund 3,221,518 196,256 1,072,501 -- (49,553) 663,847 2,959,567 
Fidelity Series Investment Grade Bond Fund 55,741,096 6,331,738 5,862,935 760,059 38,970 3,354,093 59,602,962 
Fidelity Series Large Cap Stock Fund 2,430,531 992,982 680,994 125,727 (34,350) 425,059 3,133,228 
Fidelity Series Large Cap Value Index Fund 258,890 75,178 52,293 -- 2,246 54,391 338,412 
Fidelity Series Long-Term Treasury Bond Index Fund 3,817,340 717,577 711,641 97,238 66,872 (183,682) 3,706,466 
Fidelity Series Opportunistic Insights Fund 1,586,370 323,846 756,317 -- 230,270 455,535 1,839,704 
Fidelity Series Overseas Fund 3,004,872 483,002 1,323,556 -- (55,102) 918,316 3,027,532 
Fidelity Series Real Estate Income Fund 615,792 61,003 59,924 23,308 517 114,065 731,453 
Fidelity Series Short-Term Credit Fund 6,376,386 116,219 36,343 72,822 315 239,086 6,695,663 
Fidelity Series Small Cap Opportunities Fund 847,281 339,820 292,430 7,705 6,778 201,570 1,103,019 
Fidelity Series Stock Selector Large Cap Value Fund 1,557,195 389,402 305,277 -- (7,275) 357,306 1,991,351 
Fidelity Series Value Discovery Fund 1,540,712 407,644 294,462 -- (4,789) 387,437 2,036,542 
 $149,957,541 $24,343,171 $27,854,145 $1,216,069 $1,085,147 $14,443,093 $161,974,807 

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 September 30, 2020, 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 and Net Other Assets $159,970 $-- $159,970 $-- 
Domestic Equity Funds 19,494,801 19,494,801 -- -- 
International Equity Funds 23,379,960 23,379,960 -- -- 
Bond Funds 84,587,744 84,587,744 -- -- 
Short-Term Funds 34,966,483 34,966,483 -- -- 
Total Investments in Securities: $162,588,958 $162,428,988 $159,970 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,096) $(1,096) $-- $-- 
Total Liabilities $(1,096) $(1,096) $-- $-- 
Total Derivative Instruments: $(1,096) $(1,096) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(1,096) 
Total Equity Risk (1,096) 
Total Value of Derivatives $0 $(1,096) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $159,968) 
$159,970  
Fidelity Central Funds (cost $454,187) 454,181  
Other affiliated issuers (cost $144,061,917) 161,974,807  
Total Investment in Securities (cost $144,676,072)  $162,588,958 
Cash  7,995 
Receivable for investments sold  2,949,034 
Receivable for fund shares sold  47,453 
Distributions receivable from Fidelity Central Funds  41 
Total assets  165,593,481 
Liabilities   
Payable for investments purchased $2,766,930  
Payable for fund shares redeemed 172,333  
Accrued management fee 62,614  
Distribution and service plan fees payable 27,013  
Payable for daily variation margin on futures contracts 12,058  
Total liabilities  3,040,948 
Net Assets  $162,552,533 
Net Assets consist of:   
Paid in capital  $143,477,774 
Total accumulated earnings (loss)  19,074,759 
Net Assets  $162,552,533 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($79,650,135 ÷ 6,781,415 shares)(a)  $11.75 
Maximum offering price per share (100/94.25 of $11.75)  $12.47 
Class M:   
Net Asset Value and redemption price per share ($21,702,203 ÷ 1,851,277 shares)(a)  $11.72 
Maximum offering price per share (100/96.50 of $11.72)  $12.15 
Class C:   
Net Asset Value and offering price per share ($1,723,371 ÷ 146,913 shares)(a)  $11.73 
Class I:   
Net Asset Value, offering price and redemption price per share ($52,102,312 ÷ 4,399,104 shares)  $11.84 
Class Z:   
Net Asset Value, offering price and redemption price per share ($3,644,216 ÷ 309,243 shares)  $11.78 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($3,730,296 ÷ 315,801 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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,061,186 
Interest  236 
Income from Fidelity Central Funds  350 
Total income  1,061,772 
Expenses   
Management fee $370,518  
Distribution and service plan fees 161,995  
Independent trustees' fees and expenses 222  
Total expenses before reductions 532,735  
Expense reductions (239)  
Total expenses after reductions  532,496 
Net investment income (loss)  529,276 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (40)  
Other affiliated issuers 1,085,147  
Futures contracts (99,492)  
Capital gain distributions from underlying funds:   
Affiliated issuers 154,883  
Total net realized gain (loss)  1,140,499 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (138)  
Fidelity Central Funds (13)  
Other affiliated issuers 14,443,093  
Futures contracts (1,096)  
Total change in net unrealized appreciation (depreciation)  14,441,846 
Net gain (loss)  15,582,345 
Net increase (decrease) in net assets resulting from operations  $16,111,621 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $529,276 $2,749,654 
Net realized gain (loss) 1,140,499 5,537,873 
Change in net unrealized appreciation (depreciation) 14,441,846 (7,583,822) 
Net increase (decrease) in net assets resulting from operations 16,111,621 703,705 
Distributions to shareholders (3,413,641) (7,692,057) 
Share transactions - net increase (decrease) (783,292) (6,776,446) 
Total increase (decrease) in net assets 11,914,688 (13,764,798) 
Net Assets   
Beginning of period 150,637,845 164,402,643 
End of period $162,552,533 $150,637,845 

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


Financial Highlights

Fidelity Advisor Freedom 2005 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.85 $11.36 $11.92 $11.84 $11.44 $12.10 
Income from Investment Operations       
Net investment income (loss)A .03 .19 .21 .16 .17 .19 
Net realized and unrealized gain (loss) 1.11 (.16) .14 .53 .67 (.34) 
Total from investment operations 1.14 .03 .35 .69 .84 (.15) 
Distributions from net investment income (.02) (.20) (.22) (.17) (.19)B (.20) 
Distributions from net realized gain (.22) (.34) (.68) (.44) (.25)B (.32) 
Total distributions (.24) (.54) (.91)C (.61) (.44) (.51)C 
Net asset value, end of period $11.75 $10.85 $11.36 $11.92 $11.84 $11.44 
Total ReturnD,E,F 10.69% .04% 3.24% 5.87% 7.55% (1.23)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .71%I,J .72% .73% .66% .25% .25% 
Expenses net of fee waivers, if any .71%I,J .72% .73% .66% .25% .25% 
Expenses net of all reductions .71%I,J .72% .73% .66% .25% .25% 
Net investment income (loss) .61%I 1.62% 1.80% 1.34% 1.46% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $79,650 $74,103 $86,981 $101,642 $118,902 $134,262 
Portfolio turnover rateH 31%I 28% 28% 20% 32% 30% 

 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 per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.83 $11.35 $11.91 $11.83 $11.43 $12.09 
Income from Investment Operations       
Net investment income (loss)A .02 .16 .18 .13 .14 .16 
Net realized and unrealized gain (loss) 1.11 (.17) .14 .53 .67 (.33) 
Total from investment operations 1.13 (.01) .32 .66 .81 (.17) 
Distributions from net investment income (.02) (.17) (.19) (.14) (.16)B (.17) 
Distributions from net realized gain (.22) (.34) (.68) (.44) (.25)B (.32) 
Total distributions (.24) (.51) (.88)C (.58) (.41) (.49) 
Net asset value, end of period $11.72 $10.83 $11.35 $11.91 $11.83 $11.43 
Total ReturnD,E,F 10.54% (.31)% 2.98% 5.64% 7.29% (1.45)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .96%I,J .97% .98% .91% .50% .50% 
Expenses net of fee waivers, if any .96%I,J .97% .98% .91% .50% .50% 
Expenses net of all reductions .96%I,J .97% .98% .91% .50% .50% 
Net investment income (loss) .36%I 1.37% 1.55% 1.08% 1.21% 1.37% 
Supplemental Data       
Net assets, end of period (000 omitted) $21,702 $22,480 $24,132 $25,730 $27,091 $29,347 
Portfolio turnover rateH 31%I 28% 28% 20% 32% 30% 

 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 per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.85 $11.35 $11.91 $11.81 $11.41 $12.06 
Income from Investment Operations       
Net investment income (loss)A (.01) .10 .12 .07 .08 .10 
Net realized and unrealized gain (loss) 1.11 (.16) .13 .54 .67 (.33) 
Total from investment operations 1.10 (.06) .25 .61 .75 (.23) 
Distributions from net investment income – (.10) (.12) (.07) (.10)B (.10) 
Distributions from net realized gain (.22) (.34) (.68) (.44) (.25)B (.32) 
Total distributions (.22) (.44) (.81)C (.51) (.35) (.42) 
Net asset value, end of period $11.73 $10.85 $11.35 $11.91 $11.81 $11.41 
Total ReturnD,E,F 10.26% (.70)% 2.35% 5.21% 6.75% (1.98)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.46%I,J 1.47% 1.48% 1.41% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.46%I,J 1.47% 1.48% 1.41% 1.00% 1.00% 
Expenses net of all reductions 1.46%I,J 1.47% 1.48% 1.41% 1.00% 1.00% 
Net investment income (loss) (.14)%I .87% 1.05% .58% .71% .87% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,723 $1,642 $2,302 $5,867 $5,623 $6,200 
Portfolio turnover rateH 31%I 28% 28% 20% 32% 30% 

 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 per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.93 $11.45 $12.00 $11.92 $11.51 $12.18 
Income from Investment Operations       
Net investment income (loss)A .05 .22 .24 .19 .20 .22 
Net realized and unrealized gain (loss) 1.11 (.17) .14 .54 .68 (.34) 
Total from investment operations 1.16 .05 .38 .73 .88 (.12) 
Distributions from net investment income (.03) (.23) (.25) (.20) (.22)B (.23) 
Distributions from net realized gain (.22) (.34) (.68) (.44) (.25)B (.32) 
Total distributions (.25) (.57) (.93) (.65)C (.47) (.55) 
Net asset value, end of period $11.84 $10.93 $11.45 $12.00 $11.92 $11.51 
Total ReturnD,E 10.79% .21% 3.53% 6.13% 7.87% (1.04)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .46%H,I .47% .48% .41% - %J - %J 
Expenses net of fee waivers, if any .46%H,I .47% .48% .41% -% -% 
Expenses net of all reductions .46%H,I .47% .48% .41% -% -% 
Net investment income (loss) .86%H 1.87% 2.05% 1.58% 1.71% 1.87% 
Supplemental Data       
Net assets, end of period (000 omitted) $52,102 $46,911 $49,013 $59,386 $58,940 $61,440 
Portfolio turnover rateG 31%H 28% 28% 20% 32% 30% 

 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2005 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.88 $11.41 $11.84 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .20 
Net realized and unrealized gain (loss) 1.11 (.16) .01 
Total from investment operations 1.16 .06 .21 
Distributions from net investment income (.03) (.25) (.26) 
Distributions from net realized gain (.22) (.34) (.39) 
Total distributions (.26)C (.59) (.64)C 
Net asset value, end of period $11.78 $10.88 $11.41 
Total ReturnD,E 10.78% .32% 2.09% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .41%H,I .42% .43%H 
Expenses net of fee waivers, if any .41%H,I .42% .43%H 
Expenses net of all reductions .41%H,I .42% .43%H 
Net investment income (loss) .91%H 1.92% 3.58%H 
Supplemental Data    
Net assets, end of period (000 omitted) $3,644 $2,851 $126 
Portfolio turnover rateG 31%H 28% 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2005 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.90 $11.42 $12.00 $12.04 
Income from Investment Operations     
Net investment income (loss)B .06 .23 .25 .13 
Net realized and unrealized gain (loss) 1.11 (.16) .13 .33 
Total from investment operations 1.17 .07 .38 .46 
Distributions from net investment income (.04) (.25) (.28) (.19) 
Distributions from net realized gain (.22) (.34) (.68) (.31) 
Total distributions (.26) (.59) (.96) (.50) 
Net asset value, end of period $11.81 $10.90 $11.42 $12.00 
Total ReturnC,D 10.86% .35% 3.53% 3.78% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .36%G,H .37% .37% .39%G,H 
Expenses net of fee waivers, if any .36%G,H .37% .37% .39%G,H 
Expenses net of all reductions .36%G,H .37% .37% .39%G,H 
Net investment income (loss) .96%G 1.97% 2.16% 1.30%G 
Supplemental Data     
Net assets, end of period (000 omitted) $3,730 $2,652 $1,849 $1,408 
Portfolio turnover rateF 31%G 28% 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 33.1 
Fidelity Series Government Money Market Fund 0.16% 13.7 
Fidelity Series Inflation-Protected Bond Index Fund 9.6 
Fidelity Series Emerging Markets Opportunities Fund 7.9 
Fidelity Series Short-Term Credit Fund 3.4 
Fidelity Series Large Cap Stock Fund 3.0 
Fidelity Series International Growth Fund 2.6 
Fidelity Series Overseas Fund 2.6 
Fidelity Series International Value Fund 2.5 
Fidelity Series Commodity Strategy Fund 2.5 
 80.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 17.5% 
   International Equity Funds 18.1% 
   Bond Funds 47.0% 
   Short-Term Funds 17.3% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2010 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.13% 10/1/20 to 12/10/20 (a)   
(Cost $459,917) 460,000 459,920 
 Shares Value 
Domestic Equity Funds - 17.5%   
Fidelity Advisor Series Equity Growth Fund (b) 398,089 $7,241,246 
Fidelity Advisor Series Growth Opportunities Fund (b) 271,521 4,993,269 
Fidelity Advisor Series Small Cap Fund (b) 294,627 3,279,193 
Fidelity Series All-Sector Equity Fund (b) 293,019 3,120,657 
Fidelity Series Commodity Strategy Fund (b) 2,232,836 9,288,596 
Fidelity Series Large Cap Stock Fund (b) 809,443 11,461,719 
Fidelity Series Large Cap Value Index Fund (b) 106,750 1,238,302 
Fidelity Series Opportunistic Insights Fund (b) 311,124 6,729,613 
Fidelity Series Small Cap Opportunities Fund (b) 316,302 4,036,014 
Fidelity Series Stock Selector Large Cap Value Fund (b) 662,423 7,286,654 
Fidelity Series Value Discovery Fund (b) 602,904 7,451,889 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $52,718,123)  66,127,152 
International Equity Funds - 18.1%   
Fidelity Series Canada Fund (b) 317,836 3,251,458 
Fidelity Series Emerging Markets Fund (b) 342,984 3,234,343 
Fidelity Series Emerging Markets Opportunities Fund (b) 1,420,576 29,803,684 
Fidelity Series International Growth Fund (b) 518,842 9,743,859 
Fidelity Series International Small Cap Fund (b) 167,494 2,981,386 
Fidelity Series International Value Fund (b) 1,102,465 9,503,249 
Fidelity Series Overseas Fund (b) 866,780 9,690,596 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $52,408,592)  68,208,575 
Bond Funds - 47.0%   
Fidelity Series Emerging Markets Debt Fund (b) 265,691 2,407,163 
Fidelity Series Floating Rate High Income Fund (b) 65,573 580,320 
Fidelity Series High Income Fund (b) 281,775 2,569,785 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,369,100 36,049,369 
Fidelity Series International Credit Fund (b) 29,050 302,414 
Fidelity Series Investment Grade Bond Fund (b) 10,217,883 125,066,885 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 832,507 8,599,794 
Fidelity Series Real Estate Income Fund (b) 167,948 1,676,121 
TOTAL BOND FUNDS   
(Cost $158,743,901)  177,251,851 
Short-Term Funds - 17.3%   
Fidelity Cash Central Fund 0.10% (c) 630,607 630,734 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 51,844,395 51,844,395 
Fidelity Series Short-Term Credit Fund (b) 1,254,658 12,860,247 
TOTAL SHORT-TERM FUNDS   
(Cost $64,971,488)  65,335,376 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $329,302,021)  377,382,874 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (94,836) 
NET ASSETS - 100%  $377,288,038 

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) Dec. 2020 $277,980 $(3,592) $(3,592) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 502,800 (3,282) (3,282) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2020 163,275 (38) (38) 
TOTAL SOLD FUTURES     (3,320) 
TOTAL FUTURES CONTRACTS     $(6,912) 

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 0.2%

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 $459,920.

 (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 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 $614 
Total $614 

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 $6,264,325 $764,260 $2,737,211 $-- $934,051 $2,015,821 $7,241,246 
Fidelity Advisor Series Growth Opportunities Fund 4,026,665 499,417 2,157,014 -- 607,900 2,016,301 4,993,269 
Fidelity Advisor Series Small Cap Fund 2,624,666 496,469 688,278 -- 6,014 840,322 3,279,193 
Fidelity Series All-Sector Equity Fund 2,711,534 296,140 852,415 -- 32,316 933,082 3,120,657 
Fidelity Series Canada Fund 2,402,013 643,290 476,245 -- (50,137) 732,537 3,251,458 
Fidelity Series Commodity Strategy Fund 11,808,962 345,479 4,123,829 39,990 (1,378,183) 2,636,167 9,288,596 
Fidelity Series Emerging Markets Debt Fund 2,241,239 114,649 223,659 64,217 (9,113) 284,047 2,407,163 
Fidelity Series Emerging Markets Fund 2,012,232 880,237 451,965 -- 5,433 788,406 3,234,343 
Fidelity Series Emerging Markets Opportunities Fund 18,880,425 7,822,108 4,663,877 -- 340,463 7,424,565 29,803,684 
Fidelity Series Floating Rate High Income Fund 554,048 25,286 54,110 13,085 (5,047) 60,143 580,320 
Fidelity Series Government Money Market Fund 0.16% 55,390,390 9,845,570 13,391,565 61,351 -- -- 51,844,395 
Fidelity Series High Income Fund 2,450,021 132,297 270,555 71,293 (12,458) 270,480 2,569,785 
Fidelity Series Inflation-Protected Bond Index Fund 34,161,217 3,459,942 3,667,093 28,694 40,063 2,055,240 36,049,369 
Fidelity Series International Credit Fund 273,603 4,253 -- 4,252 -- 24,558 302,414 
Fidelity Series International Growth Fund 12,314,668 306,011 5,791,863 -- 2,300,680 614,363 9,743,859 
Fidelity Series International Small Cap Fund 2,856,785 73,105 791,559 -- 186,579 656,476 2,981,386 
Fidelity Series International Value Fund 10,235,775 399,735 3,079,105 -- (225,807) 2,172,651 9,503,249 
Fidelity Series Investment Grade Bond Fund 120,300,564 12,106,643 14,538,232 1,610,095 142,690 7,055,220 125,066,885 
Fidelity Series Large Cap Stock Fund 9,974,978 1,742,802 1,961,189 438,254 (51,717) 1,756,845 11,461,719 
Fidelity Series Large Cap Value Index Fund 1,034,971 165,695 181,004 -- 9,617 209,023 1,238,302 
Fidelity Series Long-Term Treasury Bond Index Fund 8,956,676 1,575,955 1,660,396 230,101 142,472 (414,913) 8,599,794 
Fidelity Series Opportunistic Insights Fund 5,859,080 791,616 2,371,327 -- 832,302 1,617,942 6,729,613 
Fidelity Series Overseas Fund 9,748,961 995,965 3,777,652 -- (191,877) 2,915,199 9,690,596 
Fidelity Series Real Estate Income Fund 1,483,346 92,632 169,569 54,380 (5,574) 275,286 1,676,121 
Fidelity Series Short-Term Credit Fund 12,315,697 156,113 71,917 139,915 (475) 460,829 12,860,247 
Fidelity Series Small Cap Opportunities Fund 3,303,061 701,339 795,072 26,974 15,301 811,385 4,036,014 
Fidelity Series Stock Selector Large Cap Value Fund 6,161,235 806,460 1,064,430 -- (18,442) 1,401,831 7,286,654 
Fidelity Series Value Discovery Fund 6,324,174 679,726 1,069,332 -- 26,728 1,490,593 7,451,889 
 $356,671,311 $45,923,194 $71,080,463 $2,782,601 $3,673,779 $41,104,399 $376,292,220 

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 September 30, 2020, 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 and Net Other Assets $459,920 $-- $459,920 $-- 
Domestic Equity Funds 66,127,152 66,127,152 -- -- 
International Equity Funds 68,208,575 68,208,575 -- -- 
Bond Funds 177,251,851 177,251,851 -- -- 
Short-Term Funds 65,335,376 65,335,376 -- -- 
Total Investments in Securities: $377,382,874 $376,922,954 $459,920 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(6,912) $(6,912) $-- $-- 
Total Liabilities $(6,912) $(6,912) $-- $-- 
Total Derivative Instruments: $(6,912) $(6,912) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(6,912) 
Total Equity Risk (6,912) 
Total Value of Derivatives $0 $(6,912) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $459,917) 
$459,920  
Fidelity Central Funds (cost $630,734) 630,734  
Other affiliated issuers (cost $328,211,370) 376,292,220  
Total Investment in Securities (cost $329,302,021)  $377,382,874 
Cash  22,070 
Receivable for investments sold  7,522,897 
Receivable for fund shares sold  60,643 
Distributions receivable from Fidelity Central Funds  56 
Total assets  384,988,540 
Liabilities   
Payable for investments purchased $7,025,010  
Payable for fund shares redeemed 409,528  
Accrued management fee 160,105  
Distribution and service plan fees payable 70,921  
Payable for daily variation margin on futures contracts 34,938  
Total liabilities  7,700,502 
Net Assets  $377,288,038 
Net Assets consist of:   
Paid in capital  $325,466,121 
Total accumulated earnings (loss)  51,821,917 
Net Assets  $377,288,038 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($168,649,102 ÷ 13,976,191 shares)(a)  $12.07 
Maximum offering price per share (100/94.25 of $12.07)  $12.81 
Class M:   
Net Asset Value and redemption price per share ($67,977,637 ÷ 5,665,200 shares)(a)  $12.00 
Maximum offering price per share (100/96.50 of $12.00)  $12.44 
Class C:   
Net Asset Value and offering price per share ($8,164,167 ÷ 684,418 shares)(a)  $11.93 
Class I:   
Net Asset Value, offering price and redemption price per share ($115,330,876 ÷ 9,514,152 shares)  $12.12 
Class Z:   
Net Asset Value, offering price and redemption price per share ($6,927,828 ÷ 574,747 shares)  $12.05 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($10,238,428 ÷ 846,631 shares)  $12.09 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,334,023 
Interest  504 
Income from Fidelity Central Funds  614 
Total income  2,335,141 
Expenses   
Management fee $948,894  
Distribution and service plan fees 423,986  
Independent trustees' fees and expenses 524  
Total expenses before reductions 1,373,404  
Expense reductions (212)  
Total expenses after reductions  1,373,192 
Net investment income (loss)  961,949 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (3)  
Fidelity Central Funds (77)  
Other affiliated issuers 3,673,779  
Futures contracts (350,084)  
Capital gain distributions from underlying funds:   
Affiliated issuers 448,578  
Total net realized gain (loss)  3,772,193 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (282)  
Fidelity Central Funds (24)  
Other affiliated issuers 41,104,399  
Futures contracts (6,912)  
Total change in net unrealized appreciation (depreciation)  41,097,181 
Net gain (loss)  44,869,374 
Net increase (decrease) in net assets resulting from operations  $45,831,323 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $961,949 $6,470,502 
Net realized gain (loss) 3,772,193 17,783,346 
Change in net unrealized appreciation (depreciation) 41,097,181 (27,373,649) 
Net increase (decrease) in net assets resulting from operations 45,831,323 (3,119,801) 
Distributions to shareholders (10,147,427) (23,327,353) 
Share transactions - net increase (decrease) (16,420,209) (35,324,647) 
Total increase (decrease) in net assets 19,263,687 (61,771,801) 
Net Assets   
Beginning of period 358,024,351 419,796,152 
End of period $377,288,038 $358,024,351 

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


Financial Highlights

Fidelity Advisor Freedom 2010 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.97 $11.78 $12.42 $12.34 $11.87 $12.72 
Income from Investment Operations       
Net investment income (loss)A .03 .19 .21 .16 .18 .20 
Net realized and unrealized gain (loss) 1.39 (.31) .15 .72 .84 (.41) 
Total from investment operations 1.42 (.12) .36 .88 1.02 (.21) 
Distributions from net investment income (.02) (.20) (.21) (.17) (.19) (.21) 
Distributions from net realized gain (.30) (.49) (.79) (.62) (.36) (.44) 
Total distributions (.32) (.69) (1.00) (.80)B (.55) (.64)B 
Net asset value, end of period $12.07 $10.97 $11.78 $12.42 $12.34 $11.87 
Total ReturnC,D,E 13.13% (1.39)% 3.28% 7.18% 8.87% (1.67)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .76%H .77% .77%I .69% .25% .25% 
Expenses net of fee waivers, if any .76%H .77% .77%I .69% .25% .25% 
Expenses net of all reductions .76%H .77% .77%I .69% .25% .25% 
Net investment income (loss) .48%H 1.56% 1.75% 1.29% 1.45% 1.63% 
Supplemental Data       
Net assets, end of period (000 omitted) $168,649 $162,920 $198,633 $230,553 $263,496 $328,232 
Portfolio turnover rateG 25%H 23% 24% 20% 26% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.92 $11.73 $12.37 $12.30 $11.83 $12.68 
Income from Investment Operations       
Net investment income (loss)A .01 .15 .18 .13 .14 .17 
Net realized and unrealized gain (loss) 1.38 (.30) .15 .71 .85 (.41) 
Total from investment operations 1.39 (.15) .33 .84 .99 (.24) 
Distributions from net investment income (.01) (.17) (.18) (.15) (.16) (.18) 
Distributions from net realized gain (.30) (.49) (.79) (.62) (.36) (.44) 
Total distributions (.31) (.66) (.97) (.77) (.52) (.61)B 
Net asset value, end of period $12.00 $10.92 $11.73 $12.37 $12.30 $11.83 
Total ReturnC,D,E 12.92% (1.63)% 3.06% 6.89% 8.63% (1.92)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.01%H 1.02% 1.02%I .94% .50% .50% 
Expenses net of fee waivers, if any 1.01%H 1.02% 1.02%I .94% .50% .50% 
Expenses net of all reductions 1.01%H 1.02% 1.02%I .94% .50% .50% 
Net investment income (loss) .23%H 1.31% 1.50% 1.03% 1.20% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $67,978 $64,750 $71,679 $77,068 $83,881 $92,543 
Portfolio turnover rateG 25%H 23% 24% 20% 26% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.87 $11.66 $12.29 $12.22 $11.76 $12.60 
Income from Investment Operations       
Net investment income (loss)A (.02) .10 .12 .07 .08 .11 
Net realized and unrealized gain (loss) 1.37 (.30) .14 .70 .84 (.40) 
Total from investment operations 1.35 (.20) .26 .77 .92 (.29) 
Distributions from net investment income – (.10) (.11) (.08) (.10) (.11) 
Distributions from net realized gain (.29) (.49) (.78) (.62) (.36) (.44) 
Total distributions (.29) (.59) (.89) (.70) (.46) (.55) 
Net asset value, end of period $11.93 $10.87 $11.66 $12.29 $12.22 $11.76 
Total ReturnB,C,D 12.62% (2.02)% 2.45% 6.37% 8.07% (2.39)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.51%G 1.51%H 1.52%H 1.44% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.51%G 1.51%H 1.52%H 1.44% 1.00% 1.00% 
Expenses net of all reductions 1.51%G 1.51%H 1.52%H 1.44% 1.00% 1.00% 
Net investment income (loss) (.27)%G .81% 1.00% .54% .70% .88% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,164 $8,343 $10,765 $26,227 $29,290 $30,150 
Portfolio turnover rateF 25%G 23% 24% 20% 26% 21% 

 A Calculated based on average shares outstanding during the period.

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

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

 D 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.02 $11.82 $12.47 $12.40 $11.92 $12.77 
Income from Investment Operations       
Net investment income (loss)A .04 .22 .24 .19 .21 .23 
Net realized and unrealized gain (loss) 1.38 (.30) .14 .72 .85 (.40) 
Total from investment operations 1.42 (.08) .38 .91 1.06 (.17) 
Distributions from net investment income (.03) (.23) (.25) (.21) (.22) (.24) 
Distributions from net realized gain (.30) (.49) (.79) (.62) (.36) (.44) 
Total distributions (.32)B (.72) (1.03)B (.84)B (.58) (.68) 
Net asset value, end of period $12.12 $11.02 $11.82 $12.47 $12.40 $11.92 
Total ReturnC,D 13.15% (1.04)% 3.50% 7.39% 9.22% (1.40)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .51%G .52% .52%H .45% - %I - %I 
Expenses net of fee waivers, if any .51%G .52% .52%H .45% -% -% 
Expenses net of all reductions .51%G .52% .52%H .45% -% -% 
Net investment income (loss) .73%G 1.81% 2.00% 1.53% 1.70% 1.88% 
Supplemental Data       
Net assets, end of period (000 omitted) $115,331 $107,764 $131,896 $137,019 $131,216 $143,715 
Portfolio turnover rateF 25%G 23% 24% 20% 26% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2010 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.95 $11.78 $12.30 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .27 
Net realized and unrealized gain (loss) 1.38 (.30) (.11)C 
Total from investment operations 1.43 (.08) .16 
Distributions from net investment income (.03) (.26) (.26) 
Distributions from net realized gain (.30) (.49) (.42) 
Total distributions (.33) (.75) (.68) 
Net asset value, end of period $12.05 $10.95 $11.78 
Total ReturnD,E 13.25% (1.05)% 1.65% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .45%H .46%I .47%H,I 
Expenses net of fee waivers, if any .45%H .46%I .47%H,I 
Expenses net of all reductions .45%H .46%I .47%H,I 
Net investment income (loss) .79%H 1.87% 4.58%H 
Supplemental Data    
Net assets, end of period (000 omitted) $6,928 $5,895 $257 
Portfolio turnover rateG 25%H 23% 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.99 $11.81 $12.47 $12.50 
Income from Investment Operations     
Net investment income (loss)B .05 .23 .25 .05 
Net realized and unrealized gain (loss) 1.38 (.31) .15 .53 
Total from investment operations 1.43 (.08) .40 .58 
Distributions from net investment income (.03) (.26) (.27) (.20) 
Distributions from net realized gain (.30) (.49) (.79) (.42) 
Total distributions (.33) (.74)C (1.06) (.61)C 
Net asset value, end of period $12.09 $10.99 $11.81 $12.47 
Total ReturnD,E 13.24% (1.01)% 3.66% 4.62% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .38%H .39% .39% .41%H,I 
Expenses net of fee waivers, if any .38%H .39% .39% .41%H,I 
Expenses net of all reductions .38%H .39% .39% .41%H,I 
Net investment income (loss) .86%H 1.94% 2.13% .45%H 
Supplemental Data     
Net assets, end of period (000 omitted) $10,238 $8,352 $6,566 $4,744 
Portfolio turnover rateG 25%H 23% 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 29.4 
Fidelity Series Government Money Market Fund 0.16% 10.5 
Fidelity Series Emerging Markets Opportunities Fund 8.9 
Fidelity Series Inflation-Protected Bond Index Fund 8.3 
Fidelity Series Large Cap Stock Fund 4.2 
Fidelity Series International Growth Fund 3.3 
Fidelity Series Overseas Fund 3.3 
Fidelity Series International Value Fund 3.2 
Fidelity Series Value Discovery Fund 2.7 
Fidelity Series Stock Selector Large Cap Value Fund 2.6 
 76.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 21.8% 
   Bond Funds 41.9% 
   Short-Term Funds 13.1% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2015 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $1,059,804) 1,060,000 1,059,812 
 Shares Value 
Domestic Equity Funds - 23.1%   
Fidelity Advisor Series Equity Growth Fund (b) 1,192,485 $21,691,306 
Fidelity Advisor Series Growth Opportunities Fund (b) 813,349 14,957,483 
Fidelity Advisor Series Small Cap Fund (b) 882,414 9,821,264 
Fidelity Series All-Sector Equity Fund (b) 877,480 9,345,161 
Fidelity Series Commodity Strategy Fund (b) 4,929,483 20,506,650 
Fidelity Series Large Cap Stock Fund (b) 2,424,126 34,325,620 
Fidelity Series Large Cap Value Index Fund (b) 319,749 3,709,091 
Fidelity Series Opportunistic Insights Fund (b) 931,740 20,153,528 
Fidelity Series Small Cap Opportunities Fund (b) 947,404 12,088,878 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,984,107 21,825,175 
Fidelity Series Value Discovery Fund (b) 1,805,827 22,320,017 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $147,901,410)  190,744,173 
International Equity Funds - 21.8%   
Fidelity Series Canada Fund (b) 890,681 9,111,667 
Fidelity Series Emerging Markets Fund (b) 848,610 8,002,397 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,504,068 73,515,337 
Fidelity Series International Growth Fund (b) 1,449,894 27,229,000 
Fidelity Series International Small Cap Fund (b) 468,057 8,331,419 
Fidelity Series International Value Fund (b) 3,104,124 26,757,546 
Fidelity Series Overseas Fund (b) 2,428,573 27,151,449 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $135,912,839)  180,098,815 
Bond Funds - 41.9%   
Fidelity Series Emerging Markets Debt Fund (b) 569,813 5,162,508 
Fidelity Series Floating Rate High Income Fund (b) 134,845 1,193,378 
Fidelity Series High Income Fund (b) 612,011 5,581,539 
Fidelity Series Inflation-Protected Bond Index Fund (b) 6,405,554 68,539,429 
Fidelity Series International Credit Fund (b) 69,145 719,796 
Fidelity Series Investment Grade Bond Fund (b) 19,872,083 243,234,288 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,824,811 18,850,296 
Fidelity Series Real Estate Income Fund (b) 364,462 3,637,329 
TOTAL BOND FUNDS   
(Cost $309,678,234)  346,918,563 
Short-Term Funds - 13.1%   
Fidelity Cash Central Fund 0.10% (c) 999,357 999,557 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 86,718,344 86,718,344 
Fidelity Series Short-Term Credit Fund (b) 2,048,187 20,993,918 
TOTAL SHORT-TERM FUNDS   
(Cost $108,134,276)  108,711,819 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $702,686,563)  827,533,182 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (252,556) 
NET ASSETS - 100%  $827,280,626 

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) Dec. 2020 $741,280 $(7,639) $(7,639) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 1,508,400 (9,847) (9,847) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 11 Dec. 2020 598,675 (133) (133) 
TOTAL SOLD FUTURES     (9,980) 
TOTAL FUTURES CONTRACTS     $(17,619) 

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 $1,059,812.

 (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 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 $1,071 
Total $1,071  

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 $18,613,188 $1,562,707 $7,153,831 $-- $2,596,238 $6,073,004 $21,691,306 
Fidelity Advisor Series Growth Opportunities Fund 11,961,675 996,324 5,789,040 -- 1,750,050 6,038,474 14,957,483 
Fidelity Advisor Series Small Cap Fund 7,746,259 1,181,161 1,646,284 -- 41,262 2,498,866 9,821,264 
Fidelity Series All-Sector Equity Fund 8,082,906 555,515 2,147,072 -- 74,831 2,778,981 9,345,161 
Fidelity Series Canada Fund 7,054,379 1,318,950 1,135,365 -- (114,309) 1,988,012 9,111,667 
Fidelity Series Commodity Strategy Fund 25,490,366 570,502 8,299,604 87,350 (2,836,609) 5,581,995 20,506,650 
Fidelity Series Emerging Markets Debt Fund 4,845,097 189,365 466,850 138,181 (5,897) 600,793 5,162,508 
Fidelity Series Emerging Markets Fund 5,076,354 1,894,762 999,406 -- 18,335 2,012,352 8,002,397 
Fidelity Series Emerging Markets Opportunities Fund 48,639,256 16,771,202 11,171,715 -- 815,356 18,461,238 73,515,337 
Fidelity Series Floating Rate High Income Fund 1,152,720 39,433 112,947 27,051 (12,445) 126,617 1,193,378 
Fidelity Series Government Money Market Fund 0.16% 95,067,836 17,993,810 26,343,302 102,345 -- -- 86,718,344 
Fidelity Series High Income Fund 5,365,266 217,294 564,738 155,377 (19,392) 583,109 5,581,539 
Fidelity Series Inflation-Protected Bond Index Fund 64,845,221 7,724,106 7,997,372 54,238 91,165 3,876,309 68,539,429 
Fidelity Series International Credit Fund 651,223 10,121 -- 10,121 -- 58,452 719,796 
Fidelity Series International Growth Fund 32,877,456 371,729 13,962,687 -- 5,883,770 2,058,732 27,229,000 
Fidelity Series International Small Cap Fund 7,756,858 90,019 1,837,209 -- 453,764 1,867,987 8,331,419 
Fidelity Series International Value Fund 27,998,648 858,042 7,487,168 -- (419,297) 5,807,321 26,757,546 
Fidelity Series Investment Grade Bond Fund 230,747,222 28,782,856 30,154,592 3,109,979 222,385 13,636,417 243,234,288 
Fidelity Series Large Cap Stock Fund 29,644,912 3,932,468 4,487,915 1,266,348 (40,934) 5,277,089 34,325,620 
Fidelity Series Large Cap Value Index Fund 3,068,567 467,854 474,891 -- 26,649 620,912 3,709,091 
Fidelity Series Long-Term Treasury Bond Index Fund 19,818,002 3,555,970 3,946,771 498,223 421,588 (998,493) 18,850,296 
Fidelity Series Opportunistic Insights Fund 17,410,024 1,711,948 6,168,657 -- 2,311,740 4,888,473 20,153,528 
Fidelity Series Overseas Fund 27,048,067 1,600,567 8,988,309 -- (547,023) 8,038,147 27,151,449 
Fidelity Series Real Estate Income Fund 3,245,495 156,841 353,996 117,946 (13,254) 602,243 3,637,329 
Fidelity Series Short-Term Credit Fund 20,155,281 229,518 142,116 228,397 (605) 751,840 20,993,918 
Fidelity Series Small Cap Opportunities Fund 9,794,269 1,665,198 1,877,437 77,527 64,091 2,442,757 12,088,878 
Fidelity Series Stock Selector Large Cap Value Fund 18,271,386 2,145,833 2,790,389 -- 58,611 4,139,734 21,825,175 
Fidelity Series Value Discovery Fund 18,974,502 1,533,709 2,799,417 -- 144,390 4,466,833 22,320,017 
 $771,402,435 $98,127,804 $159,299,080 $5,873,083 $10,964,460 $104,278,194 $825,473,813 

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 September 30, 2020, 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 and Net Other Assets $1,059,812 $-- $1,059,812 $-- 
Domestic Equity Funds 190,744,173 190,744,173 -- -- 
International Equity Funds 180,098,815 180,098,815 -- -- 
Bond Funds 346,918,563 346,918,563 -- -- 
Short-Term Funds 108,711,819 108,711,819 -- -- 
Total Investments in Securities: $827,533,182 $826,473,370 $1,059,812 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(17,619) $(17,619) $-- $-- 
Total Liabilities $(17,619) $(17,619) $-- $-- 
Total Derivative Instruments: $(17,619) $(17,619) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(17,619) 
Total Equity Risk (17,619) 
Total Value of Derivatives $0 $(17,619) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,059,804) 
$1,059,812  
Fidelity Central Funds (cost $999,555) 999,557  
Other affiliated issuers (cost $700,627,204) 825,473,813  
Total Investment in Securities (cost $702,686,563)  $827,533,182 
Receivable for investments sold  15,923,219 
Receivable for fund shares sold  451,212 
Distributions receivable from Fidelity Central Funds  82 
Total assets  843,907,695 
Liabilities   
Payable for investments purchased $15,610,175  
Payable for fund shares redeemed 404,446  
Accrued management fee 377,829  
Distribution and service plan fees payable 153,858  
Payable for daily variation margin on futures contracts 80,761  
Total liabilities  16,627,069 
Net Assets  $827,280,626 
Net Assets consist of:   
Paid in capital  $691,746,341 
Total accumulated earnings (loss)  135,534,285 
Net Assets  $827,280,626 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($382,687,034 ÷ 32,128,330 shares)(a)  $11.91 
Maximum offering price per share (100/94.25 of $11.91)  $12.64 
Class M:   
Net Asset Value and redemption price per share ($132,999,461 ÷ 11,205,163 shares)(a)  $11.87 
Maximum offering price per share (100/96.50 of $11.87)  $12.30 
Class C:   
Net Asset Value and offering price per share ($21,326,310 ÷ 1,810,198 shares)(a)  $11.78 
Class I:   
Net Asset Value, offering price and redemption price per share ($251,959,702 ÷ 20,947,438 shares)  $12.03 
Class Z:   
Net Asset Value, offering price and redemption price per share ($17,580,889 ÷ 1,471,342 shares)  $11.95 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($20,727,230 ÷ 1,727,766 shares)  $12.00 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $4,719,664 
Interest  1,130 
Income from Fidelity Central Funds  1,071 
Total income  4,721,865 
Expenses   
Management fee $2,242,439  
Distribution and service plan fees 911,899  
Independent trustees' fees and expenses 1,145  
Total expenses before reductions 3,155,483  
Expense reductions (186)  
Total expenses after reductions  3,155,297 
Net investment income (loss)  1,566,568 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (148)  
Other affiliated issuers 10,964,460  
Futures contracts (710,733)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,153,419  
Total net realized gain (loss)  11,407,002 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (651)  
Fidelity Central Funds (57)  
Other affiliated issuers 104,278,194  
Futures contracts (17,619)  
Total change in net unrealized appreciation (depreciation)  104,259,867 
Net gain (loss)  115,666,869 
Net increase (decrease) in net assets resulting from operations  $117,233,437 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,566,568 $14,279,200 
Net realized gain (loss) 11,407,002 52,137,476 
Change in net unrealized appreciation (depreciation) 104,259,867 (82,226,893) 
Net increase (decrease) in net assets resulting from operations 117,233,437 (15,810,217) 
Distributions to shareholders (29,804,522) (63,470,497) 
Share transactions - net increase (decrease) (34,088,373) (129,306,462) 
Total increase (decrease) in net assets 53,340,542 (208,587,176) 
Net Assets   
Beginning of period 773,940,084 982,527,260 
End of period $827,280,626 $773,940,084 

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


Financial Highlights

Fidelity Advisor Freedom 2015 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.71 $11.79 $12.59 $12.43 $11.81 $12.70 
Income from Investment Operations       
Net investment income (loss)A .02 .18 .21 .16 .18 .20 
Net realized and unrealized gain (loss) 1.60 (.44) .14 .87 .99 (.45) 
Total from investment operations 1.62 (.26) .35 1.03 1.17 (.25) 
Distributions from net investment income (.01) (.19) (.21) (.18) (.19) (.21) 
Distributions from net realized gain (.41) (.62) (.94) (.70) (.36) (.43) 
Total distributions (.42) (.82)B (1.15) (.87)B (.55) (.64) 
Net asset value, end of period $11.91 $10.71 $11.79 $12.59 $12.43 $11.81 
Total ReturnC,D,E 15.48% (2.77)% 3.26% 8.42% 10.23% (2.07)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .80%H .81% .82% .72% .25% .25% 
Expenses net of fee waivers, if any .80%H .81% .82% .72% .25% .25% 
Expenses net of all reductions .80%H .81% .82% .72% .25% .25% 
Net investment income (loss) .35%H 1.50% 1.71% 1.22% 1.46% 1.64% 
Supplemental Data       
Net assets, end of period (000 omitted) $382,687 $360,371 $476,763 $551,179 $653,982 $739,929 
Portfolio turnover rateG 24%H 22% 21% 19% 22% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2015 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.68 $11.76 $12.56 $12.41 $11.79 $12.68 
Income from Investment Operations       
Net investment income (loss)A .01 .15 .17 .12 .15 .17 
Net realized and unrealized gain (loss) 1.59 (.44) .15 .87 .99 (.45) 
Total from investment operations 1.60 (.29) .32 .99 1.14 (.28) 
Distributions from net investment income (.01) (.16) (.18) (.15) (.16) (.18) 
Distributions from net realized gain (.41) (.62) (.94) (.70) (.36) (.43) 
Total distributions (.41)B (.79)B (1.12) (.84)B (.52) (.61) 
Net asset value, end of period $11.87 $10.68 $11.76 $12.56 $12.41 $11.79 
Total ReturnC,D,E 15.35% (3.00)% 3.01% 8.10% 9.98% (2.32)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.05%H 1.06% 1.07% .98% .50% .50% 
Expenses net of fee waivers, if any 1.05%H 1.06% 1.07% .98% .50% .50% 
Expenses net of all reductions 1.05%H 1.06% 1.07% .98% .50% .50% 
Net investment income (loss) .10%H 1.25% 1.45% .96% 1.21% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $132,999 $123,857 $152,212 $167,835 $178,795 $190,018 
Portfolio turnover rateG 24%H 22% 21% 19% 22% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2015 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.62 $11.69 $12.47 $12.32 $11.72 $12.60 
Income from Investment Operations       
Net investment income (loss)A (.02) .09 .11 .06 .08 .11 
Net realized and unrealized gain (loss) 1.58 (.44) .16 .86 .98 (.45) 
Total from investment operations 1.56 (.35) .27 .92 1.06 (.34) 
Distributions from net investment income – (.09) (.13) (.08) (.10) (.11) 
Distributions from net realized gain (.40) (.62) (.93) (.70) (.36) (.43) 
Total distributions (.40) (.72)B (1.05)B (.77)B (.46) (.54) 
Net asset value, end of period $11.78 $10.62 $11.69 $12.47 $12.32 $11.72 
Total ReturnC,D,E 14.99% (3.48)% 2.60% 7.57% 9.33% (2.76)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.55%H 1.56% 1.57% 1.48% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.55%H 1.56% 1.57% 1.48% 1.00% 1.00% 
Expenses net of all reductions 1.55%H 1.55% 1.57% 1.48% 1.00% 1.00% 
Net investment income (loss) (.40)%H .76% .96% .47% .71% .89% 
Supplemental Data       
Net assets, end of period (000 omitted) $21,326 $20,129 $31,274 $54,730 $61,332 $63,443 
Portfolio turnover rateG 24%H 22% 21% 19% 22% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2015 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.81 $11.89 $12.69 $12.53 $11.90 $12.79 
Income from Investment Operations       
Net investment income (loss)A .03 .21 .24 .19 .21 .23 
Net realized and unrealized gain (loss) 1.62 (.44) .14 .88 1.00 (.45) 
Total from investment operations 1.65 (.23) .38 1.07 1.21 (.22) 
Distributions from net investment income (.02) (.22) (.24) (.21) (.22) (.24) 
Distributions from net realized gain (.41) (.62) (.94) (.70) (.36) (.43) 
Total distributions (.43) (.85)B (1.18) (.91) (.58) (.67) 
Net asset value, end of period $12.03 $10.81 $11.89 $12.69 $12.53 $11.90 
Total ReturnC,D 15.61% (2.50)% 3.55% 8.66% 10.53% (1.80)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .55%G .56% .57% .48% - %H - %H 
Expenses net of fee waivers, if any .55%G .56% .57% .48% -% -% 
Expenses net of all reductions .55%G .56% .57% .48% -% -% 
Net investment income (loss) .60%G 1.75% 1.95% 1.46% 1.71% 1.89% 
Supplemental Data       
Net assets, end of period (000 omitted) $251,960 $238,048 $304,221 $324,189 $317,539 $361,722 
Portfolio turnover rateF 24%G 22% 21% 19% 22% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Advisor Freedom 2015 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.74 $11.85 $12.50 
Income from Investment Operations    
Net investment income (loss)B .04 .22 .27 
Net realized and unrealized gain (loss) 1.60 (.45) (.17)C 
Total from investment operations 1.64 (.23) .10 
Distributions from net investment income (.02) (.26) (.27) 
Distributions from net realized gain (.41) (.62) (.48) 
Total distributions (.43) (.88) (.75) 
Net asset value, end of period $11.95 $10.74 $11.85 
Total ReturnD,E 15.64% (2.48)% 1.29% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .48%H .49% .51%H,I 
Expenses net of fee waivers, if any .48%H .49% .51%H,I 
Expenses net of all reductions .48%H .49% .51%H,I 
Net investment income (loss) .67%H 1.82% 4.73%H 
Supplemental Data    
Net assets, end of period (000 omitted) $17,581 $16,135 $1,522 
Portfolio turnover rateG 24%H 22% 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.78 $11.87 $12.67 $12.66 
Income from Investment Operations     
Net investment income (loss)B .04 .23 .25 .18 
Net realized and unrealized gain (loss) 1.61 (.45) .16 .51 
Total from investment operations 1.65 (.22) .41 .69 
Distributions from net investment income (.02) (.25) (.27) (.21) 
Distributions from net realized gain (.41) (.62) (.94) (.47) 
Total distributions (.43) (.87) (1.21) (.68) 
Net asset value, end of period $12.00 $10.78 $11.87 $12.67 
Total ReturnC,D 15.69% (2.40)% 3.81% 5.42% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .40%G .41% .41% .43%G,H 
Expenses net of fee waivers, if any .40%G .41% .41% .43%G,H 
Expenses net of all reductions .40%G .41% .41% .43%G,H 
Net investment income (loss) .74%G 1.90% 2.11% 1.75% 
Supplemental Data     
Net assets, end of period (000 omitted) $20,727 $15,400 $16,536 $12,903 
Portfolio turnover rateF 24%G 22% 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 25.8 
Fidelity Series Emerging Markets Opportunities Fund 9.8 
Fidelity Series Government Money Market Fund 0.16% 7.5 
Fidelity Series Inflation-Protected Bond Index Fund 7.0 
Fidelity Series Large Cap Stock Fund 5.2 
Fidelity Series International Growth Fund 4.0 
Fidelity Series Overseas Fund 4.0 
Fidelity Series International Value Fund 3.9 
Fidelity Series Value Discovery Fund 3.4 
Fidelity Series Stock Selector Large Cap Value Fund 3.3 
 73.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.3% 
   International Equity Funds 25.3% 
   Bond Funds 37.0% 
   Short-Term Funds 9.3% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2020 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $2,719,498) 2,720,000 2,719,516 
 Shares Value 
Domestic Equity Funds - 28.3%   
Fidelity Advisor Series Equity Growth Fund (b) 3,690,642 $67,132,786 
Fidelity Advisor Series Growth Opportunities Fund (b) 2,517,233 46,291,920 
Fidelity Advisor Series Small Cap Fund (b) 2,730,610 30,391,687 
Fidelity Series All-Sector Equity Fund (b) 2,715,097 28,915,787 
Fidelity Series Commodity Strategy Fund (b) 12,305,230 51,189,758 
Fidelity Series Large Cap Stock Fund (b) 7,501,059 106,214,991 
Fidelity Series Large Cap Value Index Fund (b) 989,513 11,478,352 
Fidelity Series Opportunistic Insights Fund (b) 2,883,085 62,361,128 
Fidelity Series Small Cap Opportunities Fund (b) 2,931,905 37,411,112 
Fidelity Series Stock Selector Large Cap Value Fund (b) 6,140,073 67,540,806 
Fidelity Series Value Discovery Fund (b) 5,588,280 69,071,146 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $452,425,016)  577,999,473 
International Equity Funds - 25.3%   
Fidelity Series Canada Fund (b) 2,651,435 27,124,184 
Fidelity Series Emerging Markets Fund (b) 2,346,228 22,124,928 
Fidelity Series Emerging Markets Opportunities Fund (b) 9,565,825 200,691,017 
Fidelity Series International Growth Fund (b) 4,309,855 80,939,078 
Fidelity Series International Small Cap Fund (b) 1,391,330 24,765,672 
Fidelity Series International Value Fund (b) 9,293,176 80,107,173 
Fidelity Series Overseas Fund (b) 7,229,251 80,823,028 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $400,123,295)  516,575,080 
Bond Funds - 37.0%   
Fidelity Series Emerging Markets Debt Fund (b) 1,379,947 12,502,324 
Fidelity Series Floating Rate High Income Fund (b) 272,460 2,411,268 
Fidelity Series High Income Fund (b) 1,511,072 13,780,979 
Fidelity Series Inflation-Protected Bond Index Fund (b) 13,445,001 143,861,515 
Fidelity Series International Credit Fund (b) 148,616 1,547,090 
Fidelity Series Investment Grade Bond Fund (b) 43,077,956 527,274,184 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 4,508,452 46,572,307 
Fidelity Series Real Estate Income Fund (b) 873,652 8,719,049 
TOTAL BOND FUNDS   
(Cost $690,524,935)  756,668,716 
Short-Term Funds - 9.3%   
Fidelity Cash Central Fund 0.10% (c) 1,656,196 1,656,527 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 153,313,386 153,313,386 
Fidelity Series Short-Term Credit Fund (b) 3,557,062 36,459,888 
TOTAL SHORT-TERM FUNDS   
(Cost $190,421,123)  191,429,801 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,736,213,867)  2,045,392,586 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (527,436) 
NET ASSETS - 100%  $2,044,865,150 

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) 19 Dec. 2020 $1,760,540 $(14,634) $(14,634) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 23 Dec. 2020 3,854,800 (25,165) (25,165) 
TOTAL FUTURES CONTRACTS     $(39,799) 

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 0.2%

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 $2,719,516.

 (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 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 $2,287 
Total $2,287 

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 $56,424,775 $4,775,913 $20,471,878 $-- $7,317,222 $19,086,754 $67,132,786 
Fidelity Advisor Series Growth Opportunities Fund 36,258,544 2,357,425 16,177,744 -- 5,161,967 18,691,728 46,291,920 
Fidelity Advisor Series Small Cap Fund 23,472,121 3,181,085 4,023,374 -- 121,039 7,640,816 30,391,687 
Fidelity Series All-Sector Equity Fund 24,957,973 1,641,502 6,405,110 -- 92,179 8,629,243 28,915,787 
Fidelity Series Canada Fund 20,817,784 3,168,897 2,218,421 -- (207,092) 5,563,016 27,124,184 
Fidelity Series Commodity Strategy Fund 62,195,061 1,701,692 19,467,629 217,674 (6,606,186) 13,366,820 51,189,758 
Fidelity Series Emerging Markets Debt Fund 11,703,842 417,563 1,068,173 336,410 (42,983) 1,492,075 12,502,324 
Fidelity Series Emerging Markets Fund 13,887,141 5,097,322 2,405,962 -- 21,710 5,524,717 22,124,928 
Fidelity Series Emerging Markets Opportunities Fund 133,928,919 40,989,885 26,700,931 -- 2,148,492 50,324,652 200,691,017 
Fidelity Series Floating Rate High Income Fund 2,359,894 75,117 258,428 55,485 (30,439) 265,124 2,411,268 
Fidelity Series Government Money Market Fund 0.16% 174,487,580 37,704,884 58,879,078 183,648 -- -- 153,313,386 
Fidelity Series High Income Fund 13,191,722 483,767 1,292,145 385,599 (111,948) 1,509,583 13,780,979 
Fidelity Series Inflation-Protected Bond Index Fund 134,709,885 17,885,310 17,032,873 113,198 138,934 8,160,259 143,861,515 
Fidelity Series International Credit Fund 1,399,702 21,754 -- 21,753 -- 125,634 1,547,090 
Fidelity Series International Growth Fund 93,842,946 907,625 36,962,011 -- 14,609,945 8,540,573 80,939,078 
Fidelity Series International Small Cap Fund 21,811,936 156,160 3,998,552 -- 985,668 5,810,460 24,765,672 
Fidelity Series International Value Fund 79,959,397 3,384,601 19,012,073 -- (1,534,190) 17,309,438 80,107,173 
Fidelity Series Investment Grade Bond Fund 492,021,965 69,219,734 63,772,601 6,735,221 249,751 29,555,335 527,274,184 
Fidelity Series Large Cap Stock Fund 90,315,569 9,602,149 10,313,372 3,844,590 308,584 16,302,061 106,214,991 
Fidelity Series Large Cap Value Index Fund 9,382,282 1,350,216 1,244,710 -- 72,207 1,918,357 11,478,352 
Fidelity Series Long-Term Treasury Bond Index Fund 48,519,393 9,069,537 9,629,139 1,216,454 1,134,637 (2,522,121) 46,572,307 
Fidelity Series Opportunistic Insights Fund 52,779,092 4,387,869 16,716,715 -- 6,439,188 15,471,694 62,361,128 
Fidelity Series Overseas Fund 78,348,582 2,872,244 22,186,501 -- (1,374,562) 23,163,265 80,823,028 
Fidelity Series Real Estate Income Fund 7,762,552 346,254 809,844 284,635 (25,939) 1,446,026 8,719,049 
Fidelity Series Short-Term Credit Fund 34,871,879 523,356 240,227 396,634 (981) 1,305,861 36,459,888 
Fidelity Series Small Cap Opportunities Fund 29,675,940 4,542,922 4,485,480 234,582 45,390 7,632,340 37,411,112 
Fidelity Series Stock Selector Large Cap Value Fund 56,594,104 5,288,755 7,290,789 -- 165,226 12,783,510 67,540,806 
Fidelity Series Value Discovery Fund 57,853,881 4,029,467 7,291,486 -- 721,098 13,758,186 69,071,146 
 $1,863,534,461 $235,183,005 $380,355,246 $14,025,883 $29,798,917 $292,855,406 $2,041,016,543 

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 September 30, 2020, 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 and Net Other Assets $2,719,516 $-- $2,719,516 $-- 
Domestic Equity Funds 577,999,473 577,999,473 -- -- 
International Equity Funds 516,575,080 516,575,080 -- -- 
Bond Funds 756,668,716 756,668,716 -- -- 
Short-Term Funds 191,429,801 191,429,801 -- -- 
Total Investments in Securities: $2,045,392,586 $2,042,673,070 $2,719,516 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(39,799) $(39,799) $-- $-- 
Total Liabilities $(39,799) $(39,799) $-- $-- 
Total Derivative Instruments: $(39,799) $(39,799) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(39,799) 
Total Equity Risk (39,799) 
Total Value of Derivatives $0 $(39,799) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,719,498) 
$2,719,516  
Fidelity Central Funds (cost $1,656,527) 1,656,527  
Other affiliated issuers (cost $1,731,837,842) 2,041,016,543  
Total Investment in Securities (cost $1,736,213,867)  $2,045,392,586 
Receivable for investments sold  38,079,408 
Receivable for fund shares sold  1,223,564 
Distributions receivable from Fidelity Central Funds  135 
Total assets  2,084,695,693 
Liabilities   
Payable for investments purchased $35,021,797  
Payable for fund shares redeemed 3,329,629  
Accrued management fee 1,008,281  
Distribution and service plan fees payable 350,914  
Payable for daily variation margin on futures contracts 119,922  
Total liabilities  39,830,543 
Net Assets  $2,044,865,150 
Net Assets consist of:   
Paid in capital  $1,708,330,035 
Total accumulated earnings (loss)  336,535,115 
Net Assets  $2,044,865,150 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($865,716,685 ÷ 65,726,714 shares)(a)  $13.17 
Maximum offering price per share (100/94.25 of $13.17)  $13.97 
Class M:   
Net Asset Value and redemption price per share ($301,852,958 ÷ 22,946,396 shares)(a)  $13.15 
Maximum offering price per share (100/96.50 of $13.15)  $13.63 
Class C:   
Net Asset Value and offering price per share ($50,320,592 ÷ 3,867,890 shares)(a)  $13.01 
Class I:   
Net Asset Value, offering price and redemption price per share ($715,864,916 ÷ 53,845,299 shares)  $13.29 
Class Z:   
Net Asset Value, offering price and redemption price per share ($39,921,116 ÷ 3,023,284 shares)  $13.20 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($71,188,883 ÷ 5,372,362 shares)  $13.25 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $10,777,009 
Interest  2,946 
Income from Fidelity Central Funds  2,287 
Total income  10,782,242 
Expenses   
Management fee $5,950,257  
Distribution and service plan fees 2,073,364  
Independent trustees' fees and expenses 2,812  
Total expenses before reductions 8,026,433  
Expense reductions (163)  
Total expenses after reductions  8,026,270 
Net investment income (loss)  2,755,972 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (381)  
Other affiliated issuers 29,798,917  
Futures contracts (2,041,932)  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,248,874  
Total net realized gain (loss)  31,005,480 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,697)  
Fidelity Central Funds (101)  
Other affiliated issuers 292,855,406  
Futures contracts (39,799)  
Total change in net unrealized appreciation (depreciation)  292,813,809 
Net gain (loss)  323,819,289 
Net increase (decrease) in net assets resulting from operations  $326,575,261 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,755,972 $33,685,728 
Net realized gain (loss) 31,005,480 119,576,285 
Change in net unrealized appreciation (depreciation) 292,813,809 (223,185,697) 
Net increase (decrease) in net assets resulting from operations 326,575,261 (69,923,684) 
Distributions to shareholders (75,196,423) (150,473,417) 
Share transactions - net increase (decrease) (75,993,401) (200,998,401) 
Total increase (decrease) in net assets 175,385,437 (421,395,502) 
Net Assets   
Beginning of period 1,869,479,713 2,290,875,215 
End of period $2,044,865,150 $1,869,479,713 

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


Financial Highlights

Fidelity Advisor Freedom 2020 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.63 $12.97 $13.71 $13.31 $12.51 $13.44 
Income from Investment Operations       
Net investment income (loss)A .01 .19 .22 .16 .19 .21 
Net realized and unrealized gain (loss) 2.00 (.65) .18 1.05 1.16 (.51) 
Total from investment operations 2.01 (.46) .40 1.21 1.35 (.30) 
Distributions from net investment income (.01) (.20) (.22) (.18) (.19) (.21) 
Distributions from net realized gain (.47) (.68) (.92) (.62) (.36) (.41) 
Total distributions (.47)B (.88) (1.14) (.81)B (.55) (.63)B 
Net asset value, end of period $13.17 $11.63 $12.97 $13.71 $13.31 $12.51 
Total ReturnC,D,E 17.71% (4.15)% 3.40% 9.15% 11.17% (2.35)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .84%H .85% .86% .76% .25% .25% 
Expenses net of fee waivers, if any .84%H .85% .86% .76% .25% .25% 
Expenses net of all reductions .84%H .85% .86% .76% .25% .25% 
Net investment income (loss) .22%H 1.46% 1.68% 1.18% 1.46% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $865,717 $800,330 $1,038,299 $1,196,128 $1,315,261 $1,442,826 
Portfolio turnover rateG 23%H 25% 22% 20% 19% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2020 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.62 $12.96 $13.71 $13.30 $12.51 $13.44 
Income from Investment Operations       
Net investment income (loss)A – .16 .19 .13 .15 .18 
Net realized and unrealized gain (loss) 1.99 (.65) .17 1.05 1.16 (.52) 
Total from investment operations 1.99 (.49) .36 1.18 1.31 (.34) 
Distributions from net investment income – (.17) (.19) (.15) (.16) (.18) 
Distributions from net realized gain (.46) (.68) (.92) (.62) (.36) (.41) 
Total distributions (.46) (.85) (1.11) (.77) (.52) (.59) 
Net asset value, end of period $13.15 $11.62 $12.96 $13.71 $13.30 $12.51 
Total ReturnB,C,D 17.55% (4.38)% 3.07% 8.97% 10.81% (2.59)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.09%G 1.10% 1.11% 1.01% .50% .50% 
Expenses net of fee waivers, if any 1.09%G 1.10% 1.11% 1.01% .50% .50% 
Expenses net of all reductions 1.09%G 1.10% 1.11% 1.01% .50% .50% 
Net investment income (loss) (.03)%G 1.21% 1.43% .92% 1.21% 1.37% 
Supplemental Data       
Net assets, end of period (000 omitted) $301,853 $277,496 $345,810 $374,470 $396,330 $394,406 
Portfolio turnover rateF 23%G 25% 22% 20% 19% 20% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

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


Fidelity Advisor Freedom 2020 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.52 $12.86 $13.60 $13.20 $12.42 $13.35 
Income from Investment Operations       
Net investment income (loss)A (.03) .09 .12 .06 .09 .11 
Net realized and unrealized gain (loss) 1.97 (.64) .17 1.05 1.15 (.51) 
Total from investment operations 1.94 (.55) .29 1.11 1.24 (.40) 
Distributions from net investment income – (.11) (.14) (.09) (.10) (.12) 
Distributions from net realized gain (.45) (.68) (.90) (.62) (.36) (.41) 
Total distributions (.45) (.79) (1.03)B (.71) (.46) (.53) 
Net asset value, end of period $13.01 $11.52 $12.86 $13.60 $13.20 $12.42 
Total ReturnC,D,E 17.25% (4.81)% 2.55% 8.45% 10.26% (3.11)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.59%H 1.60% 1.61% 1.52% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.59%H 1.60% 1.61% 1.52% 1.00% 1.00% 
Expenses net of all reductions 1.59%H 1.60% 1.61% 1.52% 1.00% 1.00% 
Net investment income (loss) (.53)%H .71% .93% .42% .71% .87% 
Supplemental Data       
Net assets, end of period (000 omitted) $50,321 $46,563 $63,123 $98,878 $101,268 $105,128 
Portfolio turnover rateG 23%H 25% 22% 20% 19% 20% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2020 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.73 $13.07 $13.82 $13.41 $12.61 $13.54 
Income from Investment Operations       
Net investment income (loss)A .03 .22 .26 .20 .22 .24 
Net realized and unrealized gain (loss) 2.01 (.65) .17 1.05 1.16 (.51) 
Total from investment operations 2.04 (.43) .43 1.25 1.38 (.27) 
Distributions from net investment income (.01) (.23) (.26) (.22) (.22) (.25) 
Distributions from net realized gain (.47) (.68) (.92) (.62) (.36) (.41) 
Total distributions (.48) (.91) (1.18) (.84) (.58) (.66) 
Net asset value, end of period $13.29 $11.73 $13.07 $13.82 $13.41 $12.61 
Total ReturnB,C 17.81% (3.87)% 3.61% 9.45% 11.36% (2.07)% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .59%F .60% .61% .52% - %G - %G 
Expenses net of fee waivers, if any .59%F .60% .61% .52% -% -% 
Expenses net of all reductions .59%F .60% .61% .52% -% -% 
Net investment income (loss) .47%F 1.71% 1.92% 1.42% 1.71% 1.87% 
Supplemental Data       
Net assets, end of period (000 omitted) $715,865 $654,422 $795,372 $803,562 $743,042 $767,908 
Portfolio turnover rateE 23%F 25% 22% 20% 19% 20% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 F Annualized

 G Amount represents less than .005%.

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


Fidelity Advisor Freedom 2020 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.65 $13.02 $13.69 
Income from Investment Operations    
Net investment income (loss)B .03 .23 .21 
Net realized and unrealized gain (loss) 2.00 (.64) (.15)C 
Total from investment operations 2.03 (.41) .06 
Distributions from net investment income (.02) (.28) (.30) 
Distributions from net realized gain (.47) (.68) (.43) 
Total distributions (.48)D (.96) (.73) 
Net asset value, end of period $13.20 $11.65 $13.02 
Total ReturnE,F 17.89% (3.82)% .91% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .52%I .53%J .54%I,J 
Expenses net of fee waivers, if any .52%I .53%J .54%I,J 
Expenses net of all reductions .52%I .53%J .54%I,J 
Net investment income (loss) .54%I 1.78% 3.41%I 
Supplemental Data    
Net assets, end of period (000 omitted) $39,921 $33,172 $2,585 
Portfolio turnover rateH 23%I 25% 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 per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2020 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.69 $13.04 $13.81 $13.62 
Income from Investment Operations     
Net investment income (loss)B .04 .25 .28 .08 
Net realized and unrealized gain (loss) 2.01 (.65) .17 .75 
Total from investment operations 2.05 (.40) .45 .83 
Distributions from net investment income (.02) (.27) (.30) (.23) 
Distributions from net realized gain (.47) (.68) (.92) (.41) 
Total distributions (.49) (.95) (1.22) (.64) 
Net asset value, end of period $13.25 $11.69 $13.04 $13.81 
Total ReturnC,D 17.95% (3.72)% 3.76% 6.08% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .42%G .43% .43% .45%G,H 
Expenses net of fee waivers, if any .42%G .43% .43% .45%G,H 
Expenses net of all reductions .42%G .43% .43% .45%G,H 
Net investment income (loss) .64%G 1.88% 2.10% .71%G 
Supplemental Data     
Net assets, end of period (000 omitted) $71,189 $57,497 $45,686 $29,132 
Portfolio turnover rateF 23%G 25% 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 23.2 
Fidelity Series Emerging Markets Opportunities Fund 10.5 
Fidelity Series Inflation-Protected Bond Index Fund 6.3 
Fidelity Series Large Cap Stock Fund 6.0 
Fidelity Series Government Money Market Fund 0.16% 5.0 
Fidelity Series International Growth Fund 4.5 
Fidelity Series Overseas Fund 4.4 
Fidelity Series International Value Fund 4.4 
Fidelity Series Value Discovery Fund 3.9 
Fidelity Series Stock Selector Large Cap Value Fund 3.8 
 72.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.2% 
   International Equity Funds 27.9% 
   Bond Funds 33.6% 
   Short-Term Funds 6.2% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2025 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.09% to 0.11% 11/12/20 to 12/10/20 (a)   
(Cost $3,659,322) 3,660,000 3,659,352 
 Shares Value 
Domestic Equity Funds - 32.2%   
Fidelity Advisor Series Equity Growth Fund (b) 5,873,933 $106,846,833 
Fidelity Advisor Series Growth Opportunities Fund (b) 4,006,362 73,677,006 
Fidelity Advisor Series Small Cap Fund (b) 4,345,664 48,367,235 
Fidelity Series All-Sector Equity Fund (b) 4,320,754 46,016,027 
Fidelity Series Commodity Strategy Fund (b) 17,044,937 70,906,936 
Fidelity Series Large Cap Stock Fund (b) 11,937,281 169,031,904 
Fidelity Series Large Cap Value Index Fund (b) 1,574,785 18,267,504 
Fidelity Series Opportunistic Insights Fund (b) 4,588,110 99,240,815 
Fidelity Series Small Cap Opportunities Fund (b) 4,666,107 59,539,524 
Fidelity Series Stock Selector Large Cap Value Fund (b) 9,771,847 107,490,320 
Fidelity Series Value Discovery Fund (b) 8,893,664 109,925,683 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $714,349,787)  909,309,787 
International Equity Funds - 27.9%   
Fidelity Series Canada Fund (b) 4,132,193 42,272,331 
Fidelity Series Emerging Markets Fund (b) 3,484,799 32,861,650 
Fidelity Series Emerging Markets Opportunities Fund (b) 14,165,179 297,185,454 
Fidelity Series International Growth Fund (b) 6,713,246 126,074,752 
Fidelity Series International Small Cap Fund (b) 2,181,688 38,834,052 
Fidelity Series International Value Fund (b) 14,477,880 124,799,322 
Fidelity Series Overseas Fund (b) 11,260,603 125,893,540 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $623,407,727)  787,921,101 
Bond Funds - 33.6%   
Fidelity Series Emerging Markets Debt Fund (b) 1,876,671 17,002,643 
Fidelity Series Floating Rate High Income Fund (b) 380,192 3,364,700 
Fidelity Series High Income Fund (b) 2,092,180 19,080,684 
Fidelity Series Inflation-Protected Bond Index Fund (b) 16,550,930 177,094,954 
Fidelity Series International Credit Fund (b) 172,300 1,793,648 
Fidelity Series Investment Grade Bond Fund (b) 53,647,067 656,640,099 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 6,229,965 64,355,535 
Fidelity Series Real Estate Income Fund (b) 1,174,893 11,725,433 
TOTAL BOND FUNDS   
(Cost $877,267,508)  951,057,696 
Short-Term Funds - 6.2%   
Fidelity Cash Central Fund 0.10% (c) 2,535,088 2,535,595 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 142,294,585 142,294,585 
Fidelity Series Short-Term Credit Fund (b) 2,945,768 30,194,119 
TOTAL SHORT-TERM FUNDS   
(Cost $174,197,846)  175,024,299 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,392,882,190)  2,826,972,235 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (675,907) 
NET ASSETS - 100%  $2,826,296,328 

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) 29 Dec. 2020 $2,687,140 $(18,243) $(18,243) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 33 Dec. 2020 5,530,800 (36,106) (36,106) 
TOTAL FUTURES CONTRACTS     $(54,349) 

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 0.2%

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 $3,659,352.

 (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 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 $3,269 
Total $3,269 

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 $87,460,082 $7,672,634 $29,335,648 $-- $9,582,978 $31,466,787 $106,846,833 
Fidelity Advisor Series Growth Opportunities Fund 56,215,023 3,554,424 23,234,295 -- 7,378,843 29,763,011 73,677,006 
Fidelity Advisor Series Small Cap Fund 36,379,080 4,590,134 4,749,014 -- 177,842 11,969,193 48,367,235 
Fidelity Series All-Sector Equity Fund 38,592,517 2,427,419 8,580,837 -- 153,666 13,423,262 46,016,027 
Fidelity Series Canada Fund 31,394,529 4,821,652 1,919,035 -- (185,272) 8,160,457 42,272,331 
Fidelity Series Commodity Strategy Fund 83,246,186 2,966,687 24,477,105 300,654 (10,532,466) 19,703,634 70,906,936 
Fidelity Series Emerging Markets Debt Fund 15,537,834 648,562 1,117,708 452,093 (62,417) 1,996,372 17,002,643 
Fidelity Series Emerging Markets Fund 20,237,886 7,352,530 2,791,819 -- 31,046 8,032,007 32,861,650 
Fidelity Series Emerging Markets Opportunities Fund 195,001,160 56,988,210 30,934,795 -- 2,074,356 74,056,523 297,185,454 
Fidelity Series Floating Rate High Income Fund 3,191,164 123,737 270,413 76,204 (24,219) 344,431 3,364,700 
Fidelity Series Government Money Market Fund 0.16% 164,696,706 47,761,767 70,163,888 168,922 -- -- 142,294,585 
Fidelity Series High Income Fund 17,771,699 764,317 1,352,067 526,652 (64,623) 1,961,358 19,080,684 
Fidelity Series Inflation-Protected Bond Index Fund 160,441,556 23,712,332 17,075,151 136,332 174,461 9,841,756 177,094,954 
Fidelity Series International Credit Fund 1,622,771 25,221 -- 25,220 -- 145,656 1,793,648 
Fidelity Series International Growth Fund 139,525,213 1,213,155 49,704,506 -- 18,034,947 17,005,943 126,074,752 
Fidelity Series International Small Cap Fund 32,315,563 377,165 4,218,910 -- 867,529 9,492,705 38,834,052 
Fidelity Series International Value Fund 119,395,743 5,980,510 24,479,678 -- (2,941,794) 26,844,541 124,799,322 
Fidelity Series Investment Grade Bond Fund 589,096,992 97,477,736 65,895,231 8,224,022 (121,439) 36,082,041 656,640,099 
Fidelity Series Large Cap Stock Fund 140,947,103 12,954,080 10,626,533 6,007,909 168,018 25,589,236 169,031,904 
Fidelity Series Large Cap Value Index Fund 14,557,841 2,123,779 1,521,346 -- 87,441 3,019,789 18,267,504 
Fidelity Series Long-Term Treasury Bond Index Fund 64,449,359 12,351,559 10,554,489 1,628,671 1,454,262 (3,345,156) 64,355,535 
Fidelity Series Opportunistic Insights Fund 81,798,486 6,862,429 23,505,378 -- 8,771,896 25,313,382 99,240,815 
Fidelity Series Overseas Fund 116,949,455 3,727,297 27,702,594 -- (1,643,828) 34,563,210 125,893,540 
Fidelity Series Real Estate Income Fund 10,167,652 528,741 847,378 379,721 (70,303) 1,946,721 11,725,433 
Fidelity Series Short-Term Credit Fund 28,820,302 423,357 129,650 328,432 (1,823) 1,081,933 30,194,119 
Fidelity Series Small Cap Opportunities Fund 46,096,898 6,518,214 5,094,236 367,546 4,368 12,014,280 59,539,524 
Fidelity Series Stock Selector Large Cap Value Fund 88,686,437 7,395,331 8,861,964 -- 367,731 19,902,785 107,490,320 
Fidelity Series Value Discovery Fund 89,619,864 6,705,583 8,874,659 -- 676,782 21,798,113 109,925,683 
 $2,474,215,101 $328,048,562 $458,018,327 $18,622,378 $34,357,982 $442,173,970 $2,820,777,288 

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 September 30, 2020, 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 and Net Other Assets $3,659,352 $-- $3,659,352 $-- 
Domestic Equity Funds 909,309,787 909,309,787 -- -- 
International Equity Funds 787,921,101 787,921,101 -- -- 
Bond Funds 951,057,696 951,057,696 -- -- 
Short-Term Funds 175,024,299 175,024,299 -- -- 
Total Investments in Securities: $2,826,972,235 $2,823,312,883 $3,659,352 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(54,349) $(54,349) $-- $-- 
Total Liabilities $(54,349) $(54,349) $-- $-- 
Total Derivative Instruments: $(54,349) $(54,349) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(54,349) 
Total Equity Risk (54,349) 
Total Value of Derivatives $0 $(54,349) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $3,659,322) 
$3,659,352  
Fidelity Central Funds (cost $2,535,595) 2,535,595  
Other affiliated issuers (cost $2,386,687,273) 2,820,777,288  
Total Investment in Securities (cost $2,392,882,190)  $2,826,972,235 
Receivable for investments sold  47,495,280 
Receivable for fund shares sold  1,396,630 
Distributions receivable from Fidelity Central Funds  212 
Total assets  2,875,864,357 
Liabilities   
Payable for investments purchased $43,883,469  
Payable for fund shares redeemed 3,585,764  
Accrued management fee 1,488,819  
Distribution and service plan fees payable 465,754  
Payable for daily variation margin on futures contracts 144,223  
Total liabilities  49,568,029 
Net Assets  $2,826,296,328 
Net Assets consist of:   
Paid in capital  $2,364,299,740 
Total accumulated earnings (loss)  461,996,588 
Net Assets  $2,826,296,328 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,185,457,649 ÷ 89,057,779 shares)(a)  $13.31 
Maximum offering price per share (100/94.25 of $13.31)  $14.12 
Class M:   
Net Asset Value and redemption price per share ($402,392,198 ÷ 30,202,418 shares)(a)  $13.32 
Maximum offering price per share (100/96.50 of $13.32)  $13.80 
Class C:   
Net Asset Value and offering price per share ($57,125,402 ÷ 4,382,822 shares)(a)  $13.03 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,031,916,339 ÷ 76,714,228 shares)  $13.45 
Class Z:   
Net Asset Value, offering price and redemption price per share ($45,393,379 ÷ 3,399,116 shares)  $13.35 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($104,011,361 ÷ 7,757,034 shares)  $13.41 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $13,781,874 
Interest  3,175 
Income from Fidelity Central Funds  3,269 
Total income  13,788,318 
Expenses   
Management fee $8,659,546  
Distribution and service plan fees 2,719,970  
Independent trustees' fees and expenses 3,786  
Total expenses before reductions 11,383,302  
Expense reductions (139)  
Total expenses after reductions  11,383,163 
Net investment income (loss)  2,405,155 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (521)  
Other affiliated issuers 34,357,982  
Futures contracts (2,584,048)  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,840,504  
Total net realized gain (loss)  36,613,922 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,478)  
Fidelity Central Funds (187)  
Other affiliated issuers 442,173,970  
Futures contracts (54,349)  
Total change in net unrealized appreciation (depreciation)  442,117,956 
Net gain (loss)  478,731,878 
Net increase (decrease) in net assets resulting from operations  $481,137,033 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,405,155 $42,568,074 
Net realized gain (loss) 36,613,922 137,576,481 
Change in net unrealized appreciation (depreciation) 442,117,956 (306,768,217) 
Net increase (decrease) in net assets resulting from operations 481,137,033 (126,623,662) 
Distributions to shareholders (93,712,140) (191,668,113) 
Share transactions - net increase (decrease) (43,538,472) (102,512,436) 
Total increase (decrease) in net assets 343,886,421 (420,804,211) 
Net Assets   
Beginning of period 2,482,409,907 2,903,214,118 
End of period $2,826,296,328 $2,482,409,907 

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


Financial Highlights

Fidelity Advisor Freedom 2025 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.55 $12.99 $13.74 $13.16 $12.29 $13.25 
Income from Investment Operations       
Net investment income (loss)A .01 .18 .21 .15 .18 .19 
Net realized and unrealized gain (loss) 2.19 (.76) .18 1.15 1.24 (.54) 
Total from investment operations 2.20 (.58) .39 1.30 1.42 (.35) 
Distributions from net investment income – (.19) (.21) (.17) (.18) (.20) 
Distributions from net realized gain (.44) (.67) (.93) (.55) (.37) (.42) 
Total distributions (.44) (.86) (1.14) (.72) (.55) (.61)B 
Net asset value, end of period $13.31 $11.55 $12.99 $13.74 $13.16 $12.29 
Total ReturnC,D,E 19.44% (5.09)% 3.34% 9.96% 12.00% (2.72)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .88%H,I .89% .90% .80% .25% .25% 
Expenses net of fee waivers, if any .88%H,I .89% .90% .80% .25% .25% 
Expenses net of all reductions .88%H,I .89% .90% .80% .25% .25% 
Net investment income (loss) .11%H 1.40% 1.62% 1.11% 1.43% 1.53% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,185,458 $1,043,442 $1,304,020 $1,435,987 $1,503,384 $1,543,665 
Portfolio turnover rateG 24%H 29% 24% 23% 20% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2025 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.57 $13.01 $13.76 $13.18 $12.31 $13.27 
Income from Investment Operations       
Net investment income (loss)A (.01) .15 .18 .12 .15 .16 
Net realized and unrealized gain (loss) 2.19 (.76) .18 1.15 1.24 (.54) 
Total from investment operations 2.18 (.61) .36 1.27 1.39 (.38) 
Distributions from net investment income – (.16) (.19) (.14) (.15) (.16) 
Distributions from net realized gain (.43) (.67) (.92) (.55) (.37) (.42) 
Total distributions (.43) (.83) (1.11) (.69) (.52) (.58) 
Net asset value, end of period $13.32 $11.57 $13.01 $13.76 $13.18 $12.31 
Total ReturnB,C,D 19.27% (5.31)% 3.09% 9.69% 11.70% (2.95)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.13%G,H 1.14% 1.15% 1.05% .50% .50% 
Expenses net of fee waivers, if any 1.13%G,H 1.14% 1.15% 1.05% .50% .50% 
Expenses net of all reductions 1.13%G,H 1.14% 1.15% 1.05% .50% .50% 
Net investment income (loss) (.14)%G 1.15% 1.37% .86% 1.18% 1.28% 
Supplemental Data       
Net assets, end of period (000 omitted) $402,392 $362,131 $423,584 $432,227 $418,713 $399,088 
Portfolio turnover rateF 24%G 29% 24% 23% 20% 24% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.35 $12.80 $13.54 $12.98 $12.14 $13.09 
Income from Investment Operations       
Net investment income (loss)A (.04) .08 .11 .05 .08 .10 
Net realized and unrealized gain (loss) 2.15 (.75) .18 1.13 1.23 (.53) 
Total from investment operations 2.11 (.67) .29 1.18 1.31 (.43) 
Distributions from net investment income – (.11) (.13) (.08) (.10) (.11) 
Distributions from net realized gain (.43) (.66) (.91) (.54) (.37) (.41) 
Total distributions (.43) (.78)B (1.03)B (.62) (.47) (.52) 
Net asset value, end of period $13.03 $11.35 $12.80 $13.54 $12.98 $12.14 
Total ReturnC,D,E 19.02% (5.85)% 2.59% 9.14% 11.13% (3.40)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.63%H,I 1.64% 1.65% 1.55% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.63%H,I 1.64% 1.65% 1.55% 1.00% 1.00% 
Expenses net of all reductions 1.63%H,I 1.64% 1.65% 1.55% 1.00% 1.00% 
Net investment income (loss) (.64)%H .65% .87% .36% .68% .78% 
Supplemental Data       
Net assets, end of period (000 omitted) $57,125 $51,559 $64,691 $97,691 $97,994 $91,941 
Portfolio turnover rateG 24%H 29% 24% 23% 20% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.66 $13.11 $13.86 $13.27 $12.39 $13.35 
Income from Investment Operations       
Net investment income (loss)A .02 .22 .25 .19 .21 .23 
Net realized and unrealized gain (loss) 2.22 (.77) .18 1.16 1.26 (.54) 
Total from investment operations 2.24 (.55) .43 1.35 1.47 (.31) 
Distributions from net investment income (.01) (.22) (.25) (.21) (.21) (.23) 
Distributions from net realized gain (.44) (.67) (.93) (.55) (.37) (.42) 
Total distributions (.45) (.90)B (1.18) (.76) (.59)B (.65) 
Net asset value, end of period $13.45 $11.66 $13.11 $13.86 $13.27 $12.39 
Total ReturnC,D 19.61% (4.89)% 3.63% 10.26% 12.26% (2.44)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .63%G,H .64% .65% .56% - %I - %I 
Expenses net of fee waivers, if any .63%G,H .64% .65% .56% -% -% 
Expenses net of all reductions .63%G,H .64% .65% .56% -% -% 
Net investment income (loss) .36%G 1.65% 1.87% 1.35% 1.68% 1.78% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,031,916 $911,020 $1,051,420 $1,018,536 $879,740 $870,772 
Portfolio turnover rateF 24%G 29% 24% 23% 20% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2025 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.58 $13.05 $13.78 
Income from Investment Operations    
Net investment income (loss)B .03 .23 .03 
Net realized and unrealized gain (loss) 2.19 (.76) (.02)C 
Total from investment operations 2.22 (.53) .01 
Distributions from net investment income (.01) (.27) (.30) 
Distributions from net realized gain (.44) (.67) (.44) 
Total distributions (.45) (.94) (.74) 
Net asset value, end of period $13.35 $11.58 $13.05 
Total ReturnD,E 19.61% (4.77)% .56% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .55%H .56% .56%H 
Expenses net of fee waivers, if any .55%H .56% .56%H 
Expenses net of all reductions .55%H .56% .56%H 
Net investment income (loss) .45%H 1.74% .43%H 
Supplemental Data    
Net assets, end of period (000 omitted) $45,393 $36,620 $3,396 
Portfolio turnover rateG 24%H 29% 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2025 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.62 $13.08 $13.85 $13.53 
Income from Investment Operations     
Net investment income (loss)B .04 .24 .27 .10 
Net realized and unrealized gain (loss) 2.20 (.77) .18 .80 
Total from investment operations 2.24 (.53) .45 .90 
Distributions from net investment income (.01) (.26) (.29) (.22) 
Distributions from net realized gain (.44) (.67) (.93) (.36) 
Total distributions (.45) (.93) (1.22) (.58) 
Net asset value, end of period $13.41 $11.62 $13.08 $13.85 
Total ReturnC,D 19.75% (4.72)% 3.85% 6.61% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .44%G .45% .45% .47%G,H 
Expenses net of fee waivers, if any .44%G .45% .45% .47%G,H 
Expenses net of all reductions .44%G .45% .45% .47%G,H 
Net investment income (loss) .55%G 1.85% 2.07% .89%G 
Supplemental Data     
Net assets, end of period (000 omitted) $104,011 $77,638 $56,103 $24,926 
Portfolio turnover rateF 24%G 29% 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 19.9 
Fidelity Series Emerging Markets Opportunities Fund 11.4 
Fidelity Series Large Cap Stock Fund 7.0 
Fidelity Series Inflation-Protected Bond Index Fund 5.5 
Fidelity Series International Growth Fund 5.1 
Fidelity Series Overseas Fund 5.1 
Fidelity Series International Value Fund 5.0 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Stock Selector Large Cap Value Fund 4.4 
Fidelity Advisor Series Equity Growth Fund 4.4 
 72.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.2% 
   International Equity Funds 31.2% 
   Bond Funds 29.5% 
   Short-Term Funds 2.0% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2030 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $4,039,240) 4,040,000 4,039,277 
 Shares Value 
Domestic Equity Funds - 37.2%   
Fidelity Advisor Series Equity Growth Fund (b) 7,401,916 $134,640,854 
Fidelity Advisor Series Growth Opportunities Fund (b) 5,048,505 92,842,003 
Fidelity Advisor Series Small Cap Fund (b) 5,475,776 60,945,389 
Fidelity Series All-Sector Equity Fund (b) 5,444,258 57,981,352 
Fidelity Series Commodity Strategy Fund (b) 18,406,317 76,570,277 
Fidelity Series Large Cap Stock Fund (b) 15,041,466 212,987,157 
Fidelity Series Large Cap Value Index Fund (b) 1,984,391 23,018,940 
Fidelity Series Opportunistic Insights Fund (b) 5,781,158 125,046,439 
Fidelity Series Small Cap Opportunities Fund (b) 5,879,609 75,023,814 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,313,287 135,446,156 
Fidelity Series Value Discovery Fund (b) 11,206,761 138,515,563 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $894,621,843)  1,133,017,944 
International Equity Funds - 31.2%   
Fidelity Series Canada Fund (b) 5,120,270 52,380,367 
Fidelity Series Emerging Markets Fund (b) 4,084,294 38,514,889 
Fidelity Series Emerging Markets Opportunities Fund (b) 16,558,783 347,403,274 
Fidelity Series International Growth Fund (b) 8,275,250 155,409,191 
Fidelity Series International Small Cap Fund (b) 2,703,076 48,114,762 
Fidelity Series International Value Fund (b) 17,848,096 153,850,583 
Fidelity Series Overseas Fund (b) 13,880,546 155,184,509 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $762,265,391)  950,857,575 
Bond Funds - 29.5%   
Fidelity Series Emerging Markets Debt Fund (b) 1,987,065 18,002,807 
Fidelity Series Floating Rate High Income Fund (b) 392,780 3,476,102 
Fidelity Series High Income Fund (b) 2,252,657 20,544,233 
Fidelity Series Inflation-Protected Bond Index Fund (b) 15,672,561 167,696,405 
Fidelity Series International Credit Fund (b) 168,935 1,758,613 
Fidelity Series Investment Grade Bond Fund (b) 49,553,436 606,534,060 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 6,680,106 69,005,495 
Fidelity Series Real Estate Income Fund (b) 1,225,708 12,232,569 
TOTAL BOND FUNDS   
(Cost $833,281,514)  899,250,284 
Short-Term Funds - 2.0%   
Fidelity Cash Central Fund 0.10% (c) 3,311,452 3,312,114 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 51,116,807 51,116,807 
Fidelity Series Short-Term Credit Fund (b) 486,893 4,990,653 
TOTAL SHORT-TERM FUNDS   
(Cost $59,232,461)  59,419,574 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,553,440,449)  3,046,584,654 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (733,186) 
NET ASSETS - 100%  $3,045,851,468 

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) 38 Dec. 2020 $3,521,080 $(18,264) $(18,264) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 37 Dec. 2020 6,201,200 (40,483) (40,483) 
TOTAL FUTURES CONTRACTS     $(58,747) 

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 0.2%

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 $4,039,277.

 (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 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 $3,827 
Total $3,827 

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 $111,240,654 $8,513,255 $36,722,051 $-- $11,435,371 $40,173,625 $134,640,854 
Fidelity Advisor Series Growth Opportunities Fund 71,520,474 4,041,672 29,306,340 -- 8,711,915 37,874,282 92,842,003 
Fidelity Advisor Series Small Cap Fund 46,344,617 4,359,464 5,181,106 -- 232,112 15,190,302 60,945,389 
Fidelity Series All-Sector Equity Fund 48,155,332 2,114,105 9,354,487 -- 332,662 16,733,740 57,981,352 
Fidelity Series Canada Fund 37,606,265 7,422,262 2,394,035 -- (220,660) 9,966,535 52,380,367 
Fidelity Series Commodity Strategy Fund 87,773,356 3,399,856 24,315,877 324,363 (11,193,050) 20,905,992 76,570,277 
Fidelity Series Emerging Markets Debt Fund 16,302,221 699,390 1,036,057 477,019 (20,953) 2,058,206 18,002,807 
Fidelity Series Emerging Markets Fund 23,842,722 8,047,890 2,720,762 -- (377) 9,345,416 38,514,889 
Fidelity Series Emerging Markets Opportunities Fund 226,796,283 62,269,091 30,156,800 -- 1,779,138 86,715,562 347,403,274 
Fidelity Series Floating Rate High Income Fund 3,265,544 132,270 250,659 78,470 (20,370) 349,317 3,476,102 
Fidelity Series Government Money Market Fund 0.16% 81,086,548 43,656,979 73,626,720 60,049 -- -- 51,116,807 
Fidelity Series High Income Fund 18,933,845 833,619 1,253,295 564,624 (52,630) 2,082,694 20,544,233 
Fidelity Series Inflation-Protected Bond Index Fund 137,094,285 34,724,618 13,171,119 122,413 105,050 8,943,571 167,696,405 
Fidelity Series International Credit Fund 1,591,074 24,728 -- 24,727 -- 142,811 1,758,613 
Fidelity Series International Growth Fund 166,883,436 1,868,126 55,954,875 -- 19,110,480 23,502,024 155,409,191 
Fidelity Series International Small Cap Fund 38,534,871 549,789 3,527,371 -- 624,462 11,933,011 48,114,762 
Fidelity Series International Value Fund 144,449,251 6,613,529 26,458,333 -- (3,481,798) 32,727,934 153,850,583 
Fidelity Series Investment Grade Bond Fund 519,669,402 107,631,780 52,850,620 7,424,328 (93,530) 32,177,028 606,534,060 
Fidelity Series Large Cap Stock Fund 177,471,890 14,755,715 11,543,959 7,509,221 (1,440) 32,304,951 212,987,157 
Fidelity Series Large Cap Value Index Fund 18,531,443 2,250,409 1,706,493 -- 83,588 3,859,993 23,018,940 
Fidelity Series Long-Term Treasury Bond Index Fund 66,315,452 13,557,801 8,839,292 1,713,281 1,230,771 (3,259,237) 69,005,495 
Fidelity Series Opportunistic Insights Fund 104,031,816 8,159,041 30,030,873 -- 11,081,217 31,805,238 125,046,439 
Fidelity Series Overseas Fund 141,056,710 3,589,033 29,434,136 -- (1,401,635) 41,374,537 155,184,509 
Fidelity Series Real Estate Income Fund 10,506,176 563,214 785,501 394,541 (51,163) 1,999,843 12,232,569 
Fidelity Series Short-Term Credit Fund 4,719,175 130,841 37,886 54,273 85 178,438 4,990,653 
Fidelity Series Small Cap Opportunities Fund 58,673,187 6,634,608 5,416,627 459,699 (5,156) 15,137,802 75,023,814 
Fidelity Series Stock Selector Large Cap Value Fund 109,453,601 10,684,059 9,992,418 -- 19,320 25,281,594 135,446,156 
Fidelity Series Value Discovery Fund 113,582,046 6,769,112 9,961,189 -- 187,442 27,938,152 138,515,563 
 $2,585,431,676 $363,996,256 $476,028,881 $19,207,008 $38,390,851 $527,443,361 $3,039,233,263 

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 September 30, 2020, 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 and Net Other Assets $4,039,277 $-- $4,039,277 $-- 
Domestic Equity Funds 1,133,017,944 1,133,017,944 -- -- 
International Equity Funds 950,857,575 950,857,575 -- -- 
Bond Funds 899,250,284 899,250,284 -- -- 
Short-Term Funds 59,419,574 59,419,574 -- -- 
Total Investments in Securities: $3,046,584,654 $3,042,545,377 $4,039,277 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(58,747) $(58,747) $-- $-- 
Total Liabilities $(58,747) $(58,747) $-- $-- 
Total Derivative Instruments: $(58,747) $(58,747) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(58,747) 
Total Equity Risk (58,747) 
Total Value of Derivatives $0 $(58,747) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $4,039,240) 
$4,039,277  
Fidelity Central Funds (cost $3,312,061) 3,312,114  
Other affiliated issuers (cost $2,546,089,148) 3,039,233,263  
Total Investment in Securities (cost $2,553,440,449)  $3,046,584,654 
Receivable for investments sold  50,082,725 
Receivable for fund shares sold  1,549,852 
Distributions receivable from Fidelity Central Funds  281 
Total assets  3,098,217,512 
Liabilities   
Payable for investments purchased $45,956,719  
Payable for fund shares redeemed 4,048,211  
Accrued management fee 1,709,088  
Distribution and service plan fees payable 497,409  
Payable for daily variation margin on futures contracts 154,617  
Total liabilities  52,366,044 
Net Assets  $3,045,851,468 
Net Assets consist of:   
Paid in capital  $2,522,571,091 
Total accumulated earnings (loss)  523,280,377 
Net Assets  $3,045,851,468 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,209,516,544 ÷ 84,464,163 shares)(a)  $14.32 
Maximum offering price per share (100/94.25 of $14.32)  $15.19 
Class M:   
Net Asset Value and redemption price per share ($454,443,710 ÷ 31,967,279 shares)(a)  $14.22 
Maximum offering price per share (100/96.50 of $14.22)  $14.74 
Class C:   
Net Asset Value and offering price per share ($64,833,682 ÷ 4,644,673 shares)(a)  $13.96 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,151,301,885 ÷ 79,844,818 shares)  $14.42 
Class Z:   
Net Asset Value, offering price and redemption price per share ($50,219,811 ÷ 3,507,297 shares)  $14.32 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($115,535,836 ÷ 8,038,254 shares)  $14.37 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $13,433,860 
Interest  3,082 
Income from Fidelity Central Funds  3,827 
Total income  13,440,769 
Expenses   
Management fee $9,861,812  
Distribution and service plan fees 2,871,923  
Independent trustees' fees and expenses 4,012  
Total expenses before reductions 12,737,747  
Expense reductions (105)  
Total expenses after reductions  12,737,642 
Net investment income (loss)  703,127 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (617)  
Other affiliated issuers 38,390,851  
Futures contracts (2,531,182)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,773,148  
Total net realized gain (loss)  41,632,204 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,191)  
Fidelity Central Funds (208)  
Other affiliated issuers 527,443,361  
Futures contracts (58,747)  
Total change in net unrealized appreciation (depreciation)  527,383,215 
Net gain (loss)  569,015,419 
Net increase (decrease) in net assets resulting from operations  $569,718,546 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $703,127 $42,712,126 
Net realized gain (loss) 41,632,204 151,887,327 
Change in net unrealized appreciation (depreciation) 527,383,215 (372,090,482) 
Net increase (decrease) in net assets resulting from operations 569,718,546 (177,491,029) 
Distributions to shareholders (108,598,246) (210,658,751) 
Share transactions - net increase (decrease) (9,969,429) 10,421,348 
Total increase (decrease) in net assets 451,150,871 (377,728,432) 
Net Assets   
Beginning of period 2,594,700,597 2,972,429,029 
End of period $3,045,851,468 $2,594,700,597 

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


Financial Highlights

Fidelity Advisor Freedom 2030 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.21 $14.01 $14.95 $14.12 $12.99 $14.13 
Income from Investment Operations       
Net investment income (loss)A B .19 .23 .15 .18 .19 
Net realized and unrealized gain (loss) 2.62 (1.01) .19 1.50 1.57 (.64) 
Total from investment operations 2.62 (.82) .42 1.65 1.75 (.45) 
Distributions from net investment income – (.19) (.24) (.16) (.18) (.19) 
Distributions from net realized gain (.51) (.79) (1.13) (.66) (.44) (.50) 
Total distributions (.51) (.98) (1.36)C (.82) (.62) (.69) 
Net asset value, end of period $14.32 $12.21 $14.01 $14.95 $14.12 $12.99 
Total ReturnD,E,F 21.97% (6.61)% 3.43% 11.80% 14.02% (3.36)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .93%I .94% .94%J .84% .25% .25% 
Expenses net of fee waivers, if any .93%I .94% .94%J .84% .25% .25% 
Expenses net of all reductions .93%I .94% .94%J .84% .25% .25% 
Net investment income (loss) (.02)%I 1.35% 1.57% .99% 1.34% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,209,517 $1,041,706 $1,279,896 $1,374,112 $1,414,388 $1,409,909 
Portfolio turnover rateH 25%I 33% 22% 25% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.13 $13.93 $14.88 $14.06 $12.94 $14.09 
Income from Investment Operations       
Net investment income (loss)A (.02) .15 .19 .11 .15 .15 
Net realized and unrealized gain (loss) 2.61 (1.00) .19 1.50 1.56 (.64) 
Total from investment operations 2.59 (.85) .38 1.61 1.71 (.49) 
Distributions from net investment income – (.17) (.21) (.13) (.15) (.16) 
Distributions from net realized gain (.50) (.78) (1.12) (.66) (.44) (.50) 
Total distributions (.50) (.95) (1.33) (.79) (.59) (.66) 
Net asset value, end of period $14.22 $12.13 $13.93 $14.88 $14.06 $12.94 
Total ReturnB,C,D 21.88% (6.84)% 3.12% 11.53% 13.74% (3.67)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.18%G 1.19% 1.19%H 1.09% .50% .50% 
Expenses net of fee waivers, if any 1.18%G 1.19% 1.19%H 1.09% .50% .50% 
Expenses net of all reductions 1.18%G 1.19% 1.19%H 1.09% .50% .50% 
Net investment income (loss) (.27)%G 1.10% 1.32% .74% 1.09% 1.14% 
Supplemental Data       
Net assets, end of period (000 omitted) $454,444 $391,371 $453,917 $452,750 $442,505 $423,312 
Portfolio turnover rateF 25%G 33% 22% 25% 18% 22% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.95 $13.75 $14.71 $13.92 $12.83 $13.97 
Income from Investment Operations       
Net investment income (loss)A (.05) .08 .12 .03 .08 .08 
Net realized and unrealized gain (loss) 2.56 (.98) .18 1.48 1.55 (.63) 
Total from investment operations 2.51 (.90) .30 1.51 1.63 (.55) 
Distributions from net investment income – (.12) (.15) (.07) (.10) (.11) 
Distributions from net realized gain (.50) (.78) (1.11) (.65) (.44) (.48) 
Total distributions (.50) (.90) (1.26) (.72) (.54) (.59) 
Net asset value, end of period $13.96 $11.95 $13.75 $14.71 $13.92 $12.83 
Total ReturnB,C,D 21.50% (7.25)% 2.57% 10.97% 13.21% (4.10)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.68%G 1.69% 1.69%H 1.59% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.68%G 1.69% 1.69%H 1.59% 1.00% 1.00% 
Expenses net of all reductions 1.68%G 1.69% 1.69%H 1.59% 1.00% 1.00% 
Net investment income (loss) (.77)%G .60% .82% .24% .59% .64% 
Supplemental Data       
Net assets, end of period (000 omitted) $64,834 $55,554 $66,505 $96,199 $94,517 $87,691 
Portfolio turnover rateF 25%G 33% 22% 25% 18% 22% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.29 $14.09 $15.04 $14.21 $13.06 $14.21 
Income from Investment Operations       
Net investment income (loss)A .02 .23 .26 .18 .21 .22 
Net realized and unrealized gain (loss) 2.63 (1.01) .19 1.51 1.59 (.65) 
Total from investment operations 2.65 (.78) .45 1.69 1.80 (.43) 
Distributions from net investment income – (.22) (.27) (.21) (.21) (.23) 
Distributions from net realized gain (.52) (.80) (1.14) (.66) (.44) (.50) 
Total distributions (.52) (1.02) (1.40)B (.86)B (.65) (.72)B 
Net asset value, end of period $14.42 $12.29 $14.09 $15.04 $14.21 $13.06 
Total ReturnC,D 22.09% (6.32)% 3.65% 12.04% 14.38% (3.16)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .68%G .69% .69%H .60% - %I - %I 
Expenses net of fee waivers, if any .68%G .69% .69%H .60% -% -% 
Expenses net of all reductions .68%G .69% .69%H .60% -% -% 
Net investment income (loss) .23%G 1.60% 1.82% 1.23% 1.59% 1.64% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,151,302 $984,341 $1,108,684 $1,043,420 $871,845 $861,408 
Portfolio turnover rateF 25%G 33% 22% 25% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2030 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.20 $14.03 $14.99 
Income from Investment Operations    
Net investment income (loss)B .02 .24 .04 
Net realized and unrealized gain (loss) 2.62 (1.01) (.15)C 
Total from investment operations 2.64 (.77) (.11) 
Distributions from net investment income – (.25) (.33) 
Distributions from net realized gain (.52) (.82) (.53) 
Total distributions (.52) (1.06)D (.85)D 
Net asset value, end of period $14.32 $12.20 $14.03 
Total ReturnE,F 22.22% (6.28)% (.09)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .59%I .60%J .60%I 
Expenses net of fee waivers, if any .59%I .60%J .60%I 
Expenses net of all reductions .59%I .60%J .60%I 
Net investment income (loss) .32%I 1.69% .65%I 
Supplemental Data    
Net assets, end of period (000 omitted) $50,220 $38,041 $2,948 
Portfolio turnover rateH 25%I 33% 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 per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2030 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.24 $14.05 $15.03 $14.53 
Income from Investment Operations     
Net investment income (loss)B .03 .26 .29 .16 
Net realized and unrealized gain (loss) 2.63 (1.01) .19 .99 
Total from investment operations 2.66 (.75) .48 1.15 
Distributions from net investment income – (.25) (.30) (.23) 
Distributions from net realized gain (.53) (.81) (1.15) (.42) 
Total distributions (.53) (1.06) (1.46)C (.65) 
Net asset value, end of period $14.37 $12.24 $14.05 $15.03 
Total ReturnD,E 22.26% (6.16)% 3.84% 7.90% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .46%H .47% .47% .49%H,I 
Expenses net of fee waivers, if any .46%H .47% .47% .49%H,I 
Expenses net of all reductions .46%H .47% .47% .49%H,I 
Net investment income (loss) .45%H 1.82% 2.05% 1.29%H 
Supplemental Data     
Net assets, end of period (000 omitted) $115,536 $83,686 $60,480 $26,854 
Portfolio turnover rateG 25%H 33% 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.0 
Fidelity Series Investment Grade Bond Fund 8.9 
Fidelity Series Large Cap Stock Fund 8.8 
Fidelity Series International Growth Fund 6.3 
Fidelity Series Overseas Fund 6.3 
Fidelity Series International Value Fund 6.2 
Fidelity Series Value Discovery Fund 5.7 
Fidelity Series Stock Selector Large Cap Value Fund 5.6 
Fidelity Advisor Series Equity Growth Fund 5.6 
Fidelity Series Opportunistic Insights Fund 5.2 
 71.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 46.2% 
   International Equity Funds 37.2% 
   Bond Funds 15.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2035 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $2,489,494) 2,490,000 2,489,538 
 Shares Value 
Domestic Equity Funds - 46.2%   
Fidelity Advisor Series Equity Growth Fund (b) 7,699,079 $140,046,246 
Fidelity Advisor Series Growth Opportunities Fund (b) 5,251,150 96,568,651 
Fidelity Advisor Series Small Cap Fund (b) 5,694,785 63,382,961 
Fidelity Series All-Sector Equity Fund (b) 5,661,496 60,294,937 
Fidelity Series Commodity Strategy Fund (b) 15,154,173 63,041,362 
Fidelity Series Large Cap Stock Fund (b) 15,642,594 221,499,128 
Fidelity Series Large Cap Value Index Fund (b) 2,063,802 23,940,102 
Fidelity Series Opportunistic Insights Fund (b) 6,012,006 130,039,699 
Fidelity Series Small Cap Opportunities Fund (b) 6,115,128 78,029,039 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,806,026 140,866,284 
Fidelity Series Value Discovery Fund (b) 11,655,070 144,056,671 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $929,137,568)  1,161,765,080 
International Equity Funds - 37.2%   
Fidelity Series Canada Fund (b) 5,188,241 53,075,711 
Fidelity Series Emerging Markets Fund (b) 3,839,430 36,205,829 
Fidelity Series Emerging Markets Opportunities Fund (b) 15,579,898 326,866,259 
Fidelity Series International Growth Fund (b) 8,383,911 157,449,855 
Fidelity Series International Small Cap Fund(b) 2,733,282 48,652,425 
Fidelity Series International Value Fund (b) 18,092,243 155,955,136 
Fidelity Series Overseas Fund (b) 14,062,747 157,221,516 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $763,249,447)  935,426,731 
Bond Funds - 15.0%   
Fidelity Series Emerging Markets Debt Fund (b) 1,583,266 14,344,393 
Fidelity Series Floating Rate High Income Fund (b) 304,208 2,692,245 
Fidelity Series High Income Fund (b) 1,862,385 16,984,953 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,675,170 50,024,318 
Fidelity Series International Credit Fund (b) 133,351 1,388,183 
Fidelity Series Investment Grade Bond Fund (b) 18,293,818 223,916,337 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,533,487 57,160,925 
Fidelity Series Real Estate Income Fund (b) 988,279 9,863,021 
TOTAL BOND FUNDS   
(Cost $354,154,283)  376,374,375 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 4,416,248 4,417,131 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 29,487,927 29,487,927 
Fidelity Series Short-Term Credit Fund (b) 406,170 4,163,245 
TOTAL SHORT-TERM FUNDS   
(Cost $37,911,087)  38,068,303 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,086,941,879)  2,514,124,027 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (558,188) 
NET ASSETS - 100%  $2,513,565,839 

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) 46 Dec. 2020 $4,262,360 $(29,287) $(29,287) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 28 Dec. 2020 4,692,800 (30,636) (30,636) 
TOTAL FUTURES CONTRACTS     $(59,923) 

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 0.2%

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 $2,489,538.

 (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 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 $3,531 
Total $3,531 

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 $114,522,055 $9,517,481 $36,695,356 $-- $9,722,091 $42,979,975 $140,046,246 
Fidelity Advisor Series Growth Opportunities Fund 73,638,931 5,614,763 30,201,400 -- 7,686,309 39,830,048 96,568,651 
Fidelity Advisor Series Small Cap Fund 47,751,941 3,599,402 3,707,248 -- 65,409 15,673,457 63,382,961 
Fidelity Series All-Sector Equity Fund 49,590,654 2,818,040 9,492,118 -- 82,821 17,295,540 60,294,937 
Fidelity Series Canada Fund 37,024,368 8,975,967 2,477,390 -- (140,059) 9,692,825 53,075,711 
Fidelity Series Commodity Strategy Fund 68,352,483 3,548,432 16,864,196 269,368 (6,094,819) 14,099,462 63,041,362 
Fidelity Series Emerging Markets Debt Fund 12,981,935 589,107 854,415 380,950 (5,430) 1,633,196 14,344,393 
Fidelity Series Emerging Markets Fund 22,484,870 7,573,896 2,485,345 -- 87,308 8,545,100 36,205,829 
Fidelity Series Emerging Markets Opportunities Fund 211,577,730 54,872,268 21,638,192 -- 1,406,290 80,648,163 326,866,259 
Fidelity Series Floating Rate High Income Fund 2,531,893 111,388 206,713 61,028 (15,085) 270,762 2,692,245 
Fidelity Series Government Money Market Fund 0.16% 61,123,470 26,912,771 58,548,314 45,874 -- -- 29,487,927 
Fidelity Series High Income Fund 15,619,822 719,224 1,033,567 467,422 (4,982) 1,684,456 16,984,953 
Fidelity Series Inflation-Protected Bond Index Fund 43,283,139 9,837,360 5,838,183 37,378 34,259 2,707,743 50,024,318 
Fidelity Series International Credit Fund 1,255,935 19,518 -- 19,519 -- 112,730 1,388,183 
Fidelity Series International Growth Fund 159,525,947 1,999,255 45,908,242 -- 14,063,093 27,769,802 157,449,855 
Fidelity Series International Small Cap Fund 37,872,465 819,544 2,528,536 -- 296,062 12,192,890 48,652,425 
Fidelity Series International Value Fund 141,256,185 5,680,975 20,006,574 -- (2,653,182) 31,677,732 155,955,136 
Fidelity Series Investment Grade Bond Fund 170,446,727 64,686,237 21,707,326 2,532,561 (118,644) 10,609,343 223,916,337 
Fidelity Series Large Cap Stock Fund 182,782,284 17,566,844 12,113,308 7,684,830 (283,581) 33,546,889 221,499,128 
Fidelity Series Large Cap Value Index Fund 19,088,826 2,209,550 1,423,933 -- 39,184 4,026,475 23,940,102 
Fidelity Series Long-Term Treasury Bond Index Fund 49,540,814 14,867,910 5,594,127 1,386,306 203,673 (1,857,345) 57,160,925 
Fidelity Series Opportunistic Insights Fund 107,095,088 9,774,966 30,444,848 -- 5,795,832 37,818,661 130,039,699 
Fidelity Series Overseas Fund 131,293,945 7,907,145 21,036,587 -- (593,822) 39,650,835 157,221,516 
Fidelity Series Real Estate Income Fund 8,460,420 476,527 647,804 318,628 (54,871) 1,628,749 9,863,021 
Fidelity Series Short-Term Credit Fund 3,966,069 82,579 34,527 45,291 283 148,841 4,163,245 
Fidelity Series Small Cap Opportunities Fund 60,434,430 6,006,189 4,274,754 466,357 208,704 15,654,470 78,029,039 
Fidelity Series Stock Selector Large Cap Value Fund 112,755,143 10,399,290 8,318,320 -- (337,246) 26,367,417 140,866,284 
Fidelity Series Value Discovery Fund 116,977,516 8,134,152 10,222,743 -- 107,705 29,060,041 144,056,671 
 $2,063,235,085 $285,320,780 $374,304,066 $13,715,512 $29,497,302 $503,468,257 $2,507,217,358 

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 September 30, 2020, 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 and Net Other Assets $2,489,538 $-- $2,489,538 $-- 
Domestic Equity Funds 1,161,765,080 1,161,765,080 -- -- 
International Equity Funds 935,426,731 935,426,731 -- -- 
Bond Funds 376,374,375 376,374,375 -- -- 
Short-Term Funds 38,068,303 38,068,303 -- -- 
Total Investments in Securities: $2,514,124,027 $2,511,634,489 $2,489,538 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(59,923) $(59,923) $-- $-- 
Total Liabilities $(59,923) $(59,923) $-- $-- 
Total Derivative Instruments: $(59,923) $(59,923) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(59,923) 
Total Equity Risk (59,923) 
Total Value of Derivatives $0 $(59,923) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,489,494) 
$2,489,538  
Fidelity Central Funds (cost $4,417,085) 4,417,131  
Other affiliated issuers (cost $2,080,035,300) 2,507,217,358  
Total Investment in Securities (cost $2,086,941,879)  $2,514,124,027 
Receivable for investments sold  31,665,725 
Receivable for fund shares sold  4,077,568 
Distributions receivable from Fidelity Central Funds  394 
Total assets  2,549,867,714 
Liabilities   
Payable for investments purchased $31,580,890  
Payable for fund shares redeemed 2,736,520  
Accrued management fee 1,497,161  
Distribution and service plan fees payable 401,796  
Payable for daily variation margin on futures contracts 85,508  
Total liabilities  36,301,875 
Net Assets  $2,513,565,839 
Net Assets consist of:   
Paid in capital  $2,068,166,770 
Total accumulated earnings (loss)  445,399,069 
Net Assets  $2,513,565,839 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($988,425,163 ÷ 71,634,627 shares)(a)  $13.80 
Maximum offering price per share (100/94.25 of $13.80)  $14.64 
Class M:   
Net Asset Value and redemption price per share ($372,102,341 ÷ 27,331,856 shares)(a)  $13.61 
Maximum offering price per share (100/96.50 of $13.61)  $14.10 
Class C:   
Net Asset Value and offering price per share ($45,716,551 ÷ 3,441,913 shares)(a)  $13.28 
Class I:   
Net Asset Value, offering price and redemption price per share ($973,188,343 ÷ 69,837,723 shares)  $13.93 
Class Z:   
Net Asset Value, offering price and redemption price per share ($39,398,258 ÷ 2,848,192 shares)  $13.83 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($94,735,183 ÷ 6,804,868 shares)  $13.92 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $8,059,961 
Interest  4,462 
Income from Fidelity Central Funds  3,531 
Total income  8,067,954 
Expenses   
Management fee $8,577,265  
Distribution and service plan fees 2,300,286  
Independent trustees' fees and expenses 3,262  
Total expenses before reductions 10,880,813  
Expense reductions (133)  
Total expenses after reductions  10,880,680 
Net investment income (loss)  (2,812,726) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Fidelity Central Funds (528)  
Other affiliated issuers 29,497,302  
Futures contracts (2,081,334)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,655,551  
Total net realized gain (loss)  33,070,996 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (2,515)  
Fidelity Central Funds (270)  
Other affiliated issuers 503,468,257  
Futures contracts (59,923)  
Total change in net unrealized appreciation (depreciation)  503,405,549 
Net gain (loss)  536,476,545 
Net increase (decrease) in net assets resulting from operations  $533,663,819 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,812,726) $31,975,045 
Net realized gain (loss) 33,070,996 132,014,511 
Change in net unrealized appreciation (depreciation) 503,405,549 (370,503,771) 
Net increase (decrease) in net assets resulting from operations 533,663,819 (206,514,215) 
Distributions to shareholders (95,454,938) (182,189,273) 
Share transactions - net increase (decrease) 2,032,928 69,691,167 
Total increase (decrease) in net assets 440,241,809 (319,012,321) 
Net Assets   
Beginning of period 2,073,324,030 2,392,336,351 
End of period $2,513,565,839 $2,073,324,030 

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


Financial Highlights

Fidelity Advisor Freedom 2035 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.46 $13.58 $14.65 $13.61 $12.37 $13.51 
Income from Investment Operations       
Net investment income (loss)A (.02) .17 .20 .12 .16 .16 
Net realized and unrealized gain (loss) 2.89 (1.28) .16 1.67 1.68 (.66) 
Total from investment operations 2.87 (1.11) .36 1.79 1.84 (.50) 
Distributions from net investment income – (.17) (.22) (.14) (.16) (.17) 
Distributions from net realized gain (.53) (.85) (1.22) (.61) (.44) (.47) 
Total distributions (.53) (1.01)B (1.43)B (.75) (.60) (.64) 
Net asset value, end of period $13.80 $11.46 $13.58 $14.65 $13.61 $12.37 
Total ReturnC,D,E 25.70% (9.15)% 3.19% 13.26% 15.51% (3.92)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .97%H .98% .99% .87% .25% .25% 
Expenses net of fee waivers, if any .97%H .98% .99% .87% .25% .25% 
Expenses net of all reductions .97%H .98% .99% .87% .25% .25% 
Net investment income (loss) (.30)%H 1.23% 1.40% .80% 1.22% 1.28% 
Supplemental Data       
Net assets, end of period (000 omitted) $988,425 $824,792 $1,026,416 $1,082,982 $1,117,175 $1,094,459 
Portfolio turnover rateG 24%H 33% 23% 23% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.33 $13.44 $14.53 $13.51 $12.29 $13.42 
Income from Investment Operations       
Net investment income (loss)A (.04) .13 .16 .08 .12 .13 
Net realized and unrealized gain (loss) 2.85 (1.26) .16 1.66 1.68 (.65) 
Total from investment operations 2.81 (1.13) .32 1.74 1.80 (.52) 
Distributions from net investment income – (.14) (.19) (.12) (.14) (.14) 
Distributions from net realized gain (.53) (.84) (1.22) (.60) (.44) (.46) 
Total distributions (.53) (.98) (1.41) (.72) (.58) (.61)B 
Net asset value, end of period $13.61 $11.33 $13.44 $14.53 $13.51 $12.29 
Total ReturnC,D,E 25.46% (9.36)% 2.89% 12.98% 15.24% (4.08)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.22%H 1.23% 1.24% 1.13% .50% .50% 
Expenses net of fee waivers, if any 1.22%H 1.23% 1.24% 1.13% .50% .50% 
Expenses net of all reductions 1.22%H 1.23% 1.24% 1.13% .50% .50% 
Net investment income (loss) (.55)%H .98% 1.15% .55% .97% 1.03% 
Supplemental Data       
Net assets, end of period (000 omitted) $372,102 $310,544 $366,074 $364,455 $336,939 $299,952 
Portfolio turnover rateG 24%H 33% 23% 23% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2035 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.09 $13.20 $14.29 $13.32 $12.14 $13.27 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .09 .01 .06 .07 
Net realized and unrealized gain (loss) 2.79 (1.23) .17 1.62 1.65 (.65) 
Total from investment operations 2.72 (1.17) .26 1.63 1.71 (.58) 
Distributions from net investment income – (.10) (.13) (.07) (.09) (.10) 
Distributions from net realized gain (.53) (.84) (1.22) (.60) (.44) (.45) 
Total distributions (.53) (.94) (1.35) (.66)B (.53) (.55) 
Net asset value, end of period $13.28 $11.09 $13.20 $14.29 $13.32 $12.14 
Total ReturnC,D,E 25.19% (9.84)% 2.39% 12.40% 14.69% (4.58)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.72%H 1.73% 1.73%I 1.63% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.72%H 1.73% 1.73%I 1.63% 1.00% 1.00% 
Expenses net of all reductions 1.72%H 1.73% 1.73%I 1.63% 1.00% 1.00% 
Net investment income (loss) (1.05)%H .48% .65% .05% .47% .53% 
Supplemental Data       
Net assets, end of period (000 omitted) $45,717 $37,642 $44,302 $65,519 $61,581 $54,813 
Portfolio turnover rateG 24%H 33% 23% 23% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.56 $13.69 $14.75 $13.71 $12.45 $13.59 
Income from Investment Operations       
Net investment income (loss)A B .20 .23 .15 .19 .20 
Net realized and unrealized gain (loss) 2.90 (1.28) .17 1.68 1.70 (.67) 
Total from investment operations 2.90 (1.08) .40 1.83 1.89 (.47) 
Distributions from net investment income – (.20) (.25) (.17) (.19) (.20) 
Distributions from net realized gain (.53) (.85) (1.22) (.62) (.44) (.47) 
Total distributions (.53) (1.05) (1.46)C (.79) (.63) (.67) 
Net asset value, end of period $13.93 $11.56 $13.69 $14.75 $13.71 $12.45 
Total ReturnD,E 25.74% (8.91)% 3.47% 13.50% 15.79% (3.63)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .72%H .73% .74% .64% - %I - %I 
Expenses net of fee waivers, if any .72%H .73% .74% .64% -% -% 
Expenses net of all reductions .72%H .73% .74% .64% -% -% 
Net investment income (loss) (.05)%H 1.48% 1.65% 1.04% 1.47% 1.53% 
Supplemental Data       
Net assets, end of period (000 omitted) $973,188 $808,586 $907,369 $867,707 $689,261 $684,976 
Portfolio turnover rateG 24%H 33% 23% 23% 18% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Advisor Freedom 2035 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.47 $13.63 $14.78 
Income from Investment Operations    
Net investment income (loss)B C .21 .07 
Net realized and unrealized gain (loss) 2.89 (1.27) (.32)D 
Total from investment operations 2.89 (1.06) (.25) 
Distributions from net investment income – (.22) (.31) 
Distributions from net realized gain (.53) (.88) (.59) 
Total distributions (.53) (1.10) (.90) 
Net asset value, end of period $13.83 $11.47 $13.63 
Total ReturnE,F 25.86% (8.87)% (.96)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .62%I .63% .63%I,J 
Expenses net of fee waivers, if any .62%I .63% .63%I,J 
Expenses net of all reductions .62%I .63% .63%I,J 
Net investment income (loss) .05%I 1.58% 1.01%I 
Supplemental Data    
Net assets, end of period (000 omitted) $39,398 $27,968 $2,821 
Portfolio turnover rateH 24%I 33% 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 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2035 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.53 $13.67 $14.75 $14.07 
Income from Investment Operations     
Net investment income (loss)B .01 .23 .26 .12 
Net realized and unrealized gain (loss) 2.91 (1.28) .16 1.15 
Total from investment operations 2.92 (1.05) .42 1.27 
Distributions from net investment income – (.23) (.29) (.22) 
Distributions from net realized gain (.53) (.86) (1.22) (.38) 
Total distributions (.53) (1.09) (1.50)C (.59)C 
Net asset value, end of period $13.92 $11.53 $13.67 $14.75 
Total ReturnD,E 25.99% (8.74)% 3.65% 9.03% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .48%H .49% .49% .51%H,I 
Expenses net of fee waivers, if any .48%H .49% .49% .51%H,I 
Expenses net of all reductions .48%H .49% .49% .51%H,I 
Net investment income (loss) .19%H 1.73% 1.90% .97%H 
Supplemental Data     
Net assets, end of period (000 omitted) $94,735 $63,792 $45,355 $15,784 
Portfolio turnover rateG 24%H 33% 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.9 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.2 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.5% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.6% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2040 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $2,039,572) 2,040,000 2,039,614 
 Shares Value 
Domestic Equity Funds - 51.5%   
Fidelity Advisor Series Equity Growth Fund (b) 7,716,567 $140,364,356 
Fidelity Advisor Series Growth Opportunities Fund (b) 5,263,808 96,801,436 
Fidelity Advisor Series Small Cap Fund (b) 5,706,224 63,510,273 
Fidelity Series All-Sector Equity Fund (b) 5,672,482 60,411,930 
Fidelity Series Commodity Strategy Fund (b) 13,421,077 55,831,679 
Fidelity Series Large Cap Stock Fund (b) 15,673,038 221,930,214 
Fidelity Series Large Cap Value Index Fund (b) 2,067,961 23,988,351 
Fidelity Series Opportunistic Insights Fund (b) 6,023,807 130,294,938 
Fidelity Series Small Cap Opportunities Fund (b) 6,127,613 78,188,337 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,831,816 141,149,973 
Fidelity Series Value Discovery Fund (b) 11,678,417 144,345,229 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $930,805,249)  1,156,816,716 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 5,155,428 52,740,024 
Fidelity Series Emerging Markets Fund (b) 3,655,898 34,475,120 
Fidelity Series Emerging Markets Opportunities Fund (b) 14,915,260 312,922,153 
Fidelity Series International Growth Fund (b) 8,309,084 156,044,596 
Fidelity Series International Small Cap Fund (b) 2,714,726 48,322,132 
Fidelity Series International Value Fund (b) 17,902,398 154,318,669 
Fidelity Series Overseas Fund (b) 13,937,211 155,818,019 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $746,924,944)  914,640,713 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 1,390,621 12,599,022 
Fidelity Series Floating Rate High Income Fund (b) 269,987 2,389,382 
Fidelity Series High Income Fund (b) 1,664,314 15,178,540 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,172,462 44,645,344 
Fidelity Series International Credit Fund (b) 121,449 1,264,285 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 4,938,503 51,014,731 
Fidelity Series Real Estate Income Fund (b) 881,529 8,797,656 
TOTAL BOND FUNDS   
(Cost $128,837,721)  135,888,960 
Short-Term Funds - 1.6%   
Fidelity Cash Central Fund 0.10% (c) 5,715,281 5,716,424 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 25,767,167 25,767,167 
Fidelity Series Short-Term Credit Fund (b) 373,875 3,832,224 
TOTAL SHORT-TERM FUNDS   
(Cost $35,201,341)  35,315,815 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,843,808,827)  2,244,701,818 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (497,148) 
NET ASSETS - 100%  $2,244,204,670 

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) 51 Dec. 2020 $4,725,660 $(73,269) $(73,269) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 22 Dec. 2020 3,687,200 (24,071) (24,071) 
TOTAL FUTURES CONTRACTS     $(97,340) 

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 0.2%

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 $2,039,614.

 (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 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 $3,821 
Total $3,821 

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 $111,787,301 $8,478,094 $31,600,112 $-- $7,860,785 $43,838,288 $140,364,356 
Fidelity Advisor Series Growth Opportunities Fund 72,165,135 5,506,328 27,502,262 -- 6,763,915 39,868,320 96,801,436 
Fidelity Advisor Series Small Cap Fund 47,411,627 4,446,718 4,061,246 -- 183,287 15,529,887 63,510,273 
Fidelity Series All-Sector Equity Fund 49,019,389 2,380,910 8,219,166 -- 91,168 17,139,629 60,411,930 
Fidelity Series Canada Fund 36,517,491 8,602,899 1,800,511 -- (151,289) 9,571,434 52,740,024 
Fidelity Series Commodity Strategy Fund 61,144,816 2,647,250 15,050,231 241,300 (4,771,234) 11,861,078 55,831,679 
Fidelity Series Emerging Markets Debt Fund 11,524,764 537,973 909,269 336,968 (22,969) 1,468,523 12,599,022 
Fidelity Series Emerging Markets Fund 21,546,915 7,160,150 2,415,523 -- 71,835 8,111,743 34,475,120 
Fidelity Series Emerging Markets Opportunities Fund 201,828,268 50,947,853 18,033,638 -- 1,635,183 76,544,487 312,922,153 
Fidelity Series Floating Rate High Income Fund 2,276,439 103,254 219,984 54,624 (19,362) 249,035 2,389,382 
Fidelity Series Government Money Market Fund 0.16% 54,976,567 21,563,691 50,773,091 42,609 -- -- 25,767,167 
Fidelity Series High Income Fund 14,099,100 663,553 1,099,922 420,401 (4,719) 1,520,528 15,178,540 
Fidelity Series Inflation-Protected Bond Index Fund 39,223,353 9,132,715 6,151,229 33,227 28,254 2,412,251 44,645,344 
Fidelity Series International Credit Fund 1,143,840 17,776 -- 17,777 -- 102,669 1,264,285 
Fidelity Series International Growth Fund 153,159,489 2,244,859 40,338,636 -- 12,531,184 28,447,700 156,044,596 
Fidelity Series International Small Cap Fund 36,561,752 2,060,035 2,503,455 -- 161,190 12,042,610 48,322,132 
Fidelity Series International Value Fund 136,792,247 4,866,760 15,596,246 -- (1,917,167) 30,173,075 154,318,669 
Fidelity Series Large Cap Stock Fund 181,421,377 24,175,593 16,296,008 7,533,505 (925,814) 33,555,066 221,930,214 
Fidelity Series Large Cap Value Index Fund 18,950,160 2,528,053 1,533,301 -- (43,741) 4,087,180 23,988,351 
Fidelity Series Long-Term Treasury Bond Index Fund 44,773,408 14,222,570 6,513,612 1,221,234 439,261 (1,906,896) 51,014,731 
Fidelity Series Opportunistic Insights Fund 105,708,070 9,709,066 28,211,908 -- 4,712,095 38,377,615 130,294,938 
Fidelity Series Overseas Fund 128,171,335 8,518,510 19,236,123 -- (445,444) 38,809,741 155,818,019 
Fidelity Series Real Estate Income Fund 7,628,885 437,842 689,335 285,416 (61,388) 1,481,652 8,797,656 
Fidelity Series Short-Term Credit Fund 3,614,913 103,985 23,798 41,674 137 136,987 3,832,224 
Fidelity Series Small Cap Opportunities Fund 59,995,194 7,496,104 5,040,120 457,578 71,208 15,665,951 78,188,337 
Fidelity Series Stock Selector Large Cap Value Fund 111,931,839 12,426,132 9,064,959 -- (475,780) 26,332,741 141,149,973 
Fidelity Series Value Discovery Fund 115,753,339 10,742,238 10,888,370 -- (45,472) 28,783,494 144,345,229 
 $1,829,127,013 $221,720,911 $323,772,055 $10,686,313 $25,665,123 $484,204,788 $2,236,945,780 

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 September 30, 2020, 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 and Net Other Assets $2,039,614 $-- $2,039,614 $-- 
Domestic Equity Funds 1,156,816,716 1,156,816,716 -- -- 
International Equity Funds 914,640,713 914,640,713 -- -- 
Bond Funds 135,888,960 135,888,960 -- -- 
Short-Term Funds 35,315,815 35,315,815 -- -- 
Total Investments in Securities: $2,244,701,818 $2,242,662,204 $2,039,614 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(97,340) $(97,340) $-- $-- 
Total Liabilities $(97,340) $(97,340) $-- $-- 
Total Derivative Instruments: $(97,340) $(97,340) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(97,340) 
Total Equity Risk (97,340) 
Total Value of Derivatives $0 $(97,340) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,039,572) 
$2,039,614  
Fidelity Central Funds (cost $5,716,417) 5,716,424  
Other affiliated issuers (cost $1,836,052,838) 2,236,945,780  
Total Investment in Securities (cost $1,843,808,827)  $2,244,701,818 
Receivable for investments sold  33,472,976 
Receivable for fund shares sold  1,789,186 
Distributions receivable from Fidelity Central Funds  526 
Total assets  2,279,964,506 
Liabilities   
Payable for investments purchased $29,537,330  
Payable for fund shares redeemed 4,403,378  
Accrued management fee 1,387,250  
Distribution and service plan fees payable 371,213  
Payable for daily variation margin on futures contracts 60,665  
Total liabilities  35,759,836 
Net Assets  $2,244,204,670 
Net Assets consist of:   
Paid in capital  $1,830,619,729 
Total accumulated earnings (loss)  413,584,941 
Net Assets  $2,244,204,670 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($880,952,629 ÷ 59,742,041 shares)(a)  $14.75 
Maximum offering price per share (100/94.25 of $14.75)  $15.65 
Class M:   
Net Asset Value and redemption price per share ($343,424,172 ÷ 23,478,229 shares)(a)  $14.63 
Maximum offering price per share (100/96.50 of $14.63)  $15.16 
Class C:   
Net Asset Value and offering price per share ($50,184,247 ÷ 3,528,762 shares)(a)  $14.22 
Class I:   
Net Asset Value, offering price and redemption price per share ($856,425,826 ÷ 57,562,271 shares)  $14.88 
Class Z:   
Net Asset Value, offering price and redemption price per share ($30,528,566 ÷ 2,067,015 shares)  $14.77 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($82,689,230 ÷ 5,566,332 shares)  $14.86 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $5,235,155 
Interest  4,008 
Income from Fidelity Central Funds  3,821 
Total income  5,242,984 
Expenses   
Management fee $7,942,746  
Distribution and service plan fees 2,120,684  
Independent trustees' fees and expenses 2,909  
Total expenses before reductions 10,066,339  
Expense reductions (135)  
Total expenses after reductions  10,066,204 
Net investment income (loss)  (4,823,220) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 166,501  
Fidelity Central Funds (554)  
Other affiliated issuers 25,665,123  
Futures contracts (1,134,396)  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,451,158  
Total net realized gain (loss)  30,147,832 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (2,199)  
Fidelity Central Funds (244)  
Other affiliated issuers 484,204,788  
Futures contracts (286,850)  
Total change in net unrealized appreciation (depreciation)  483,915,495 
Net gain (loss)  514,063,327 
Net increase (decrease) in net assets resulting from operations  $509,240,107 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(4,823,220) $27,110,497 
Net realized gain (loss) 30,147,832 113,009,419 
Change in net unrealized appreciation (depreciation) 483,915,495 (355,921,145) 
Net increase (decrease) in net assets resulting from operations 509,240,107 (215,801,229) 
Distributions to shareholders (88,386,127) (160,006,087) 
Share transactions - net increase (decrease) (15,849,364) 41,090,450 
Total increase (decrease) in net assets 405,004,616 (334,716,866) 
Net Assets   
Beginning of period 1,839,200,054 2,173,916,920 
End of period $2,244,204,670 $1,839,200,054 

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


Financial Highlights

Fidelity Advisor Freedom 2040 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.08 $14.52 $15.69 $14.57 $13.25 $14.49 
Income from Investment Operations       
Net investment income (loss)A (.04) .17 .21 .12 .17 .17 
Net realized and unrealized gain (loss) 3.29 (1.55) .15 1.81 1.80 (.69) 
Total from investment operations 3.25 (1.38) .36 1.93 1.97 (.52) 
Distributions from net investment income – (.17) (.23) (.15) (.17) (.18) 
Distributions from net realized gain (.58) (.88) (1.31) (.66) (.48) (.54) 
Total distributions (.58) (1.06)B (1.53)B (.81) (.65) (.72) 
Net asset value, end of period $14.75 $12.08 $14.52 $15.69 $14.57 $13.25 
Total ReturnC,D,E 27.66% (10.59)% 3.04% 13.42% 15.53% (3.82)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H 1.00% .99%I .87% .25% .25% 
Expenses net of fee waivers, if any 1.00%H 1.00% .99%I .87% .25% .25% 
Expenses net of all reductions 1.00%H 1.00% .99%I .87% .25% .25% 
Net investment income (loss) (.51)%H 1.17% 1.37% .78% 1.22% 1.27% 
Supplemental Data       
Net assets, end of period (000 omitted) $880,953 $729,343 $916,426 $948,970 $965,401 $950,816 
Portfolio turnover rateG 21%H 31% 21% 23% 18% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.00 $14.44 $15.62 $14.52 $13.21 $14.45 
Income from Investment Operations       
Net investment income (loss)A (.05) .13 .17 .08 .13 .14 
Net realized and unrealized gain (loss) 3.26 (1.55) .16 1.80 1.81 (.70) 
Total from investment operations 3.21 (1.42) .33 1.88 1.94 (.56) 
Distributions from net investment income – (.15) (.20) (.12) (.15) (.15) 
Distributions from net realized gain (.58) (.88) (1.31) (.66) (.48) (.53) 
Total distributions (.58) (1.02)B (1.51) (.78) (.63) (.68) 
Net asset value, end of period $14.63 $12.00 $14.44 $15.62 $14.52 $13.21 
Total ReturnC,D,E 27.51% (10.84)% 2.82% 13.11% 15.26% (4.07)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.25%H 1.25% 1.25% 1.13% .50% .50% 
Expenses net of fee waivers, if any 1.25%H 1.25% 1.25% 1.13% .50% .50% 
Expenses net of all reductions 1.25%H 1.25% 1.25% 1.13% .50% .50% 
Net investment income (loss) (.76)%H .92% 1.12% .53% .97% 1.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $343,424 $286,126 $356,107 $343,164 $324,990 $310,107 
Portfolio turnover rateG 21%H 31% 21% 23% 18% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2040 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $11.71 $14.14 $15.32 $14.28 $13.02 $14.27 
Income from Investment Operations       
Net investment income (loss)A (.08) .06 .09 B .06 .07 
Net realized and unrealized gain (loss) 3.17 (1.52) .18 1.77 1.78 (.70) 
Total from investment operations 3.09 (1.46) .27 1.77 1.84 (.63) 
Distributions from net investment income – (.09) (.14) (.07) (.10) (.10) 
Distributions from net realized gain (.58) (.88) (1.31) (.66) (.48) (.52) 
Total distributions (.58) (.97) (1.45) (.73) (.58) (.62) 
Net asset value, end of period $14.22 $11.71 $14.14 $15.32 $14.28 $13.02 
Total ReturnC,D,E 27.15% (11.31)% 2.37% 12.52% 14.70% (4.63)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.74%H,I 1.75% 1.74%I 1.63% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%H,I 1.75% 1.74%I 1.63% 1.00% 1.00% 
Expenses net of all reductions 1.74%H,I 1.75% 1.74%I 1.63% 1.00% 1.00% 
Net investment income (loss) (1.26)%H .42% .62% .03% .48% .52% 
Supplemental Data       
Net assets, end of period (000 omitted) $50,184 $41,153 $53,715 $84,365 $79,480 $73,036 
Portfolio turnover rateG 21%H 31% 21% 23% 18% 21% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $12.17 $14.62 $15.78 $14.65 $13.32 $14.57 
Income from Investment Operations       
Net investment income (loss)A (.02) .21 .24 .16 .20 .21 
Net realized and unrealized gain (loss) 3.31 (1.57) .16 1.83 1.82 (.71) 
Total from investment operations 3.29 (1.36) .40 1.99 2.02 (.50) 
Distributions from net investment income – (.20) (.26) (.19) (.20) (.22) 
Distributions from net realized gain (.58) (.89) (1.31) (.67) (.49) (.54) 
Total distributions (.58) (1.09) (1.56)B (.86) (.69) (.75)B 
Net asset value, end of period $14.88 $12.17 $14.62 $15.78 $14.65 $13.32 
Total ReturnC,D 27.79% (10.35)% 3.31% 13.74% 15.82% (3.62)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .75% .63% - %H - %H 
Expenses net of fee waivers, if any .75%G .75% .75% .63% -% -% 
Expenses net of all reductions .75%G .75% .75% .63% -% -% 
Net investment income (loss) (.26)%G 1.42% 1.62% 1.02% 1.47% 1.52% 
Supplemental Data       
Net assets, end of period (000 omitted) $856,426 $705,362 $805,102 $790,667 $649,934 $629,599 
Portfolio turnover rateF 21%G 31% 21% 23% 18% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Advisor Freedom 2040 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.08 $14.56 $15.85 
Income from Investment Operations    
Net investment income (loss)B (.01) .22 .36 
Net realized and unrealized gain (loss) 3.28 (1.55) (.69)C 
Total from investment operations 3.27 (1.33) (.33) 
Distributions from net investment income – (.23) (.33) 
Distributions from net realized gain (.58) (.91) (.63) 
Total distributions (.58) (1.15)D (.96) 
Net asset value, end of period $14.77 $12.08 $14.56 
Total ReturnE,F 27.83% (10.31)% (1.30)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .64%I .65%J .65%I,J 
Expenses net of fee waivers, if any .64%I .65%J .65%I,J 
Expenses net of all reductions .64%I .65%J .65%I,J 
Net investment income (loss) (.16)%I 1.52% 5.06%I 
Supplemental Data    
Net assets, end of period (000 omitted) $30,529 $20,000 $1,501 
Portfolio turnover rateH 21%I 31% 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 distributions per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $12.13 $14.60 $15.76 $15.04 
Income from Investment Operations     
Net investment income (loss)B C .24 .28 .18 
Net realized and unrealized gain (loss) 3.31 (1.57) .17 1.20 
Total from investment operations 3.31 (1.33) .45 1.38 
Distributions from net investment income – (.24) (.30) (.23) 
Distributions from net realized gain (.58) (.90) (1.31) (.42) 
Total distributions (.58) (1.14) (1.61) (.66)D 
Net asset value, end of period $14.86 $12.13 $14.60 $15.76 
Total ReturnE,F 28.05% (10.24)% 3.64% 9.12% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .49%I .49% .49% .51%I,J 
Expenses net of fee waivers, if any .49%I .49% .49% .51%I,J 
Expenses net of all reductions .49%I .49% .49% .51%I,J 
Net investment income (loss) (.01)%I 1.67% 1.87% 1.39%I 
Supplemental Data     
Net assets, end of period (000 omitted) $82,689 $57,216 $41,066 $11,861 
Portfolio turnover rateH 21%I 31% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.9 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.2 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.5% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.6% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2045 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $1,409,705) 1,410,000 1,409,734 
 Shares Value 
Domestic Equity Funds - 51.5%   
Fidelity Advisor Series Equity Growth Fund (b) 5,264,813 $95,766,942 
Fidelity Advisor Series Growth Opportunities Fund (b) 3,591,361 66,045,122 
Fidelity Advisor Series Small Cap Fund (b) 3,893,201 43,331,330 
Fidelity Series All-Sector Equity Fund (b) 3,870,183 41,217,452 
Fidelity Series Commodity Strategy Fund (b) 9,166,098 38,130,966 
Fidelity Series Large Cap Stock Fund (b) 10,693,288 151,416,953 
Fidelity Series Large Cap Value Index Fund (b) 1,410,913 16,366,596 
Fidelity Series Opportunistic Insights Fund (b) 4,109,887 88,896,862 
Fidelity Series Small Cap Opportunities Fund (b) 4,180,699 53,345,723 
Fidelity Series Stock Selector Large Cap Value Fund (b) 8,754,800 96,302,801 
Fidelity Series Value Discovery Fund (b) 7,967,867 98,482,834 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $653,560,484)  789,303,581 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 3,516,550 35,974,303 
Fidelity Series Emerging Markets Fund (b) 2,496,356 23,540,640 
Fidelity Series Emerging Markets Opportunities Fund (b) 10,177,180 213,517,234 
Fidelity Series International Growth Fund (b) 5,669,065 106,465,034 
Fidelity Series International Small Cap Fund (b) 1,851,674 32,959,790 
Fidelity Series International Value Fund (b) 12,216,381 105,305,207 
Fidelity Series Overseas Fund (b) 9,508,982 106,310,422 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $520,242,102)  624,072,630 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 949,901 8,606,105 
Fidelity Series Floating Rate High Income Fund (b) 187,360 1,658,135 
Fidelity Series High Income Fund (b) 1,135,663 10,357,243 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,846,758 30,460,309 
Fidelity Series International Credit Fund (b) 73,170 761,697 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 3,369,421 34,806,121 
Fidelity Series Real Estate Income Fund (b) 600,700 5,994,983 
TOTAL BOND FUNDS   
(Cost $87,945,570)  92,644,593 
Short-Term Funds - 1.6%   
Fidelity Cash Central Fund 0.10% (c) 3,790,718 3,791,476 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 17,598,379 17,598,379 
Fidelity Series Short-Term Credit Fund (b) 257,097 2,635,246 
TOTAL SHORT-TERM FUNDS   
(Cost $23,945,739)  24,025,101 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,287,103,600)  1,531,455,639 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (274,522) 
NET ASSETS - 100%  $1,531,181,117 

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) 34 Dec. 2020 $3,150,440 $(49,779) $(49,779) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 15 Dec. 2020 2,514,000 (16,412) (16,412) 
TOTAL FUTURES CONTRACTS     $(66,191) 

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 0.2%

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 $1,409,734.

 (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 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 $2,577 
Total $2,577 

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 $75,607,075 $6,608,920 $21,636,872 $-- $4,711,491 $30,476,328 $95,766,942 
Fidelity Advisor Series Growth Opportunities Fund 48,812,389 4,318,392 18,826,628 -- 4,596,918 27,144,051 66,045,122 
Fidelity Advisor Series Small Cap Fund 32,087,950 3,412,065 2,848,425 -- 141,961 10,537,779 43,331,330 
Fidelity Series All-Sector Equity Fund 33,154,194 1,979,856 5,640,187 -- (64,574) 11,788,163 41,217,452 
Fidelity Series Canada Fund 24,582,543 6,192,295 1,202,343 -- (82,454) 6,484,262 35,974,303 
Fidelity Series Commodity Strategy Fund 41,372,338 2,254,504 10,341,316 164,659 (3,116,755) 7,962,195 38,130,966 
Fidelity Series Emerging Markets Debt Fund 7,803,484 452,958 633,747 229,840 14,216 969,194 8,606,105 
Fidelity Series Emerging Markets Fund 14,581,407 5,111,942 1,724,557 -- 11,178 5,560,670 23,540,640 
Fidelity Series Emerging Markets Opportunities Fund 136,554,263 36,796,660 13,037,410 -- 750,878 52,452,843 213,517,234 
Fidelity Series Floating Rate High Income Fund 1,561,377 91,794 153,325 37,815 (3,828) 162,117 1,658,135 
Fidelity Series Government Money Market Fund 0.16% 37,187,479 14,828,036 34,417,136 29,042 -- -- 17,598,379 
Fidelity Series High Income Fund 9,537,674 556,411 766,630 286,511 6,726 1,023,062 10,357,243 
Fidelity Series Inflation-Protected Bond Index Fund 26,536,334 6,508,129 4,247,341 22,616 17,131 1,646,056 30,460,309 
Fidelity Series International Credit Fund 689,132 10,710 -- 10,710 -- 61,855 761,697 
Fidelity Series International Growth Fund 103,711,518 2,448,447 27,582,393 -- 5,961,813 21,925,649 106,465,034 
Fidelity Series International Small Cap Fund 24,772,817 1,567,599 1,687,706 -- 86,543 8,220,537 32,959,790 
Fidelity Series International Value Fund 92,670,000 4,076,757 10,656,697 -- (1,477,631) 20,692,778 105,305,207 
Fidelity Series Large Cap Stock Fund 122,724,451 17,970,452 11,415,554 5,158,619 (335,081) 22,472,685 151,416,953 
Fidelity Series Large Cap Value Index Fund 12,769,836 1,922,525 1,064,773 -- (22,783) 2,761,791 16,366,596 
Fidelity Series Long-Term Treasury Bond Index Fund 30,290,447 9,809,730 4,293,983 828,585 296,033 (1,296,106) 34,806,121 
Fidelity Series Opportunistic Insights Fund 71,492,194 7,386,468 19,325,172 -- 2,473,016 26,870,356 88,896,862 
Fidelity Series Overseas Fund 86,562,100 6,971,031 13,308,064 -- (256,799) 26,342,154 106,310,422 
Fidelity Series Real Estate Income Fund 5,147,913 363,546 480,460 194,370 (17,979) 981,963 5,994,983 
Fidelity Series Short-Term Credit Fund 2,483,455 71,827 14,297 28,655 112 94,149 2,635,246 
Fidelity Series Small Cap Opportunities Fund 40,625,599 5,550,807 3,524,189 312,206 19,374 10,674,132 53,345,723 
Fidelity Series Stock Selector Large Cap Value Fund 75,740,241 9,284,227 6,282,302 -- (389,355) 17,949,990 96,302,801 
Fidelity Series Value Discovery Fund 78,303,780 8,222,230 7,568,223 -- (44,183) 19,569,230 98,482,834 
 $1,237,361,990 $164,768,318 $222,679,730 $7,303,628 $13,275,968 $333,527,883 $1,526,254,429 

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 September 30, 2020, 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 and Net Other Assets $1,409,734 $-- $1,409,734 $-- 
Domestic Equity Funds 789,303,581 789,303,581 -- -- 
International Equity Funds 624,072,630 624,072,630 -- -- 
Bond Funds 92,644,593 92,644,593 -- -- 
Short-Term Funds 24,025,101 24,025,101 -- -- 
Total Investments in Securities: $1,531,455,639 $1,530,045,905 $1,409,734 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(66,191) $(66,191) $-- $-- 
Total Liabilities $(66,191) $(66,191) $-- $-- 
Total Derivative Instruments: $(66,191) $(66,191) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(66,191) 
Total Equity Risk (66,191) 
Total Value of Derivatives $0 $(66,191) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,409,704) 
$1,409,734  
Fidelity Central Funds (cost $3,791,472) 3,791,476  
Other affiliated issuers (cost $1,281,902,424) 1,526,254,429  
Total Investment in Securities (cost $1,287,103,600)  $1,531,455,639 
Cash  43,230 
Receivable for investments sold  22,988,460 
Receivable for fund shares sold  1,314,457 
Distributions receivable from Fidelity Central Funds  352 
Total assets  1,555,802,138 
Liabilities   
Payable for investments purchased $20,098,424  
Payable for fund shares redeemed 3,306,460  
Accrued management fee 943,201  
Distribution and service plan fees payable 231,939  
Payable for daily variation margin on futures contracts 40,997  
Total liabilities  24,621,021 
Net Assets  $1,531,181,117 
Net Assets consist of:   
Paid in capital  $1,282,527,539 
Total accumulated earnings (loss)  248,653,578 
Net Assets  $1,531,181,117 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($559,125,487 ÷ 48,330,738 shares)(a)  $11.57 
Maximum offering price per share (100/94.25 of $11.57)  $12.28 
Class M:   
Net Asset Value and redemption price per share ($217,584,156 ÷ 19,032,305 shares)(a)  $11.43 
Maximum offering price per share (100/96.50 of $11.43)  $11.84 
Class C:   
Net Asset Value and offering price per share ($28,229,933 ÷ 2,519,310 shares)(a)  $11.21 
Class I:   
Net Asset Value, offering price and redemption price per share ($631,163,550 ÷ 54,068,634 shares)  $11.67 
Class Z:   
Net Asset Value, offering price and redemption price per share ($24,153,768 ÷ 2,084,452 shares)  $11.59 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($70,924,223 ÷ 6,081,253 shares)  $11.66 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,577,171 
Interest  2,716 
Income from Fidelity Central Funds  2,577 
Total income  3,582,464 
Expenses   
Management fee $5,399,639  
Distribution and service plan fees 1,319,885  
Independent trustees' fees and expenses 1,976  
Total expenses before reductions 6,721,500  
Expense reductions (197)  
Total expenses after reductions  6,721,303 
Net investment income (loss)  (3,138,839) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 103,793  
Fidelity Central Funds (377)  
Other affiliated issuers 13,275,968  
Futures contracts (761,377)  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,726,457  
Total net realized gain (loss)  16,344,464 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,481)  
Fidelity Central Funds (169)  
Other affiliated issuers 333,527,883  
Futures contracts (192,788)  
Total change in net unrealized appreciation (depreciation)  333,333,445 
Net gain (loss)  349,677,909 
Net increase (decrease) in net assets resulting from operations  $346,539,070 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(3,138,839) $18,561,322 
Net realized gain (loss) 16,344,464 70,946,497 
Change in net unrealized appreciation (depreciation) 333,333,445 (236,020,508) 
Net increase (decrease) in net assets resulting from operations 346,539,070 (146,512,689) 
Distributions to shareholders (53,982,456) (102,870,591) 
Share transactions - net increase (decrease) (5,571,741) 99,889,190 
Total increase (decrease) in net assets 286,984,873 (149,494,090) 
Net Assets   
Beginning of period 1,244,196,244 1,393,690,334 
End of period $1,531,181,117 $1,244,196,244 

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


Financial Highlights

Fidelity Advisor Freedom 2045 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.43 $11.33 $12.21 $11.26 $10.23 $11.15 
Income from Investment Operations       
Net investment income (loss)A (.03) .13 .16 .10 .13 .13 
Net realized and unrealized gain (loss) 2.58 (1.22) .13 1.40 1.39 (.54) 
Total from investment operations 2.55 (1.09) .29 1.50 1.52 (.41) 
Distributions from net investment income – (.14) (.18) (.12) (.13) (.14) 
Distributions from net realized gain (.41) (.67) (.99) (.43) (.36) (.37) 
Total distributions (.41) (.81) (1.17) (.55) (.49) (.51) 
Net asset value, end of period $11.57 $9.43 $11.33 $12.21 $11.26 $10.23 
Total ReturnB,C,D 27.70% (10.68)% 3.13% 13.44% 15.50% (3.85)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.00%G 1.00% .99%H .87% .25% .25% 
Expenses net of fee waivers, if any 1.00%G 1.00% .99%H .87% .25% .25% 
Expenses net of all reductions 1.00%G 1.00% .99%H .87% .25% .25% 
Net investment income (loss) (.51)%G 1.19% 1.38% .79% 1.22% 1.27% 
Supplemental Data       
Net assets, end of period (000 omitted) $559,125 $456,849 $547,563 $566,474 $556,090 $531,510 
Portfolio turnover rateF 23%G 30% 22% 21% 22% 26% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.34 $11.22 $12.12 $11.19 $10.17 $11.09 
Income from Investment Operations       
Net investment income (loss)A (.04) .10 .13 .06 .10 .11 
Net realized and unrealized gain (loss) 2.54 (1.20) .12 1.39 1.39 (.54) 
Total from investment operations 2.50 (1.10) .25 1.45 1.49 (.43) 
Distributions from net investment income – (.12) (.16) (.10) (.11) (.12) 
Distributions from net realized gain (.41) (.67) (.99) (.43) (.36) (.37) 
Total distributions (.41) (.78)B (1.15) (.52)B (.47) (.49) 
Net asset value, end of period $11.43 $9.34 $11.22 $12.12 $11.19 $10.17 
Total ReturnC,D,E 27.43% (10.80)% 2.79% 13.12% 15.29% (4.10)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.25%H 1.25% 1.24%I 1.13% .50% .50% 
Expenses net of fee waivers, if any 1.25%H 1.25% 1.24%I 1.13% .50% .50% 
Expenses net of all reductions 1.25%H 1.25% 1.24%I 1.13% .50% .50% 
Net investment income (loss) (.76)%H .94% 1.13% .54% .97% 1.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $217,584 $181,179 $210,625 $207,442 $186,200 $158,557 
Portfolio turnover rateG 23%H 30% 22% 21% 22% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.18 $11.07 $11.98 $11.08 $10.09 $11.01 
Income from Investment Operations       
Net investment income (loss)A (.07) .05 .07 B .05 .05 
Net realized and unrealized gain (loss) 2.51 (1.20) .13 1.38 1.38 (.53) 
Total from investment operations 2.44 (1.15) .20 1.38 1.43 (.48) 
Distributions from net investment income – (.08) (.12) (.05) (.08) (.08) 
Distributions from net realized gain (.41) (.67) (.99) (.43) (.36) (.36) 
Total distributions (.41) (.74)C (1.11) (.48) (.44) (.44) 
Net asset value, end of period $11.21 $9.18 $11.07 $11.98 $11.08 $10.09 
Total ReturnD,E,F 27.24% (11.32)% 2.29% 12.59% 14.71% (4.59)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Expenses net of all reductions 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Net investment income (loss) (1.26)%I .44% .63% .04% .47% .53% 
Supplemental Data       
Net assets, end of period (000 omitted) $28,230 $22,256 $25,383 $30,549 $27,491 $23,423 
Portfolio turnover rateH 23%I 30% 22% 21% 22% 26% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.50 $11.41 $12.29 $11.33 $10.28 $11.21 
Income from Investment Operations       
Net investment income (loss)A (.01) .16 .19 .12 .16 .16 
Net realized and unrealized gain (loss) 2.59 (1.23) .13 1.42 1.40 (.55) 
Total from investment operations 2.58 (1.07) .32 1.54 1.56 (.39) 
Distributions from net investment income – (.16) (.20) (.14) (.15) (.17) 
Distributions from net realized gain (.41) (.68) (.99) (.44) (.36) (.37) 
Total distributions (.41) (.84) (1.20)B (.58) (.51) (.54) 
Net asset value, end of period $11.67 $9.50 $11.41 $12.29 $11.33 $10.28 
Total ReturnC,D 27.81% (10.46)% 3.34% 13.77% 15.83% (3.66)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .75% .64% - %H - %H 
Expenses net of fee waivers, if any .75%G .75% .75% .64% -% -% 
Expenses net of all reductions .75%G .75% .75% .64% -% -% 
Net investment income (loss) (.26)%G 1.44% 1.63% 1.03% 1.47% 1.52% 
Supplemental Data       
Net assets, end of period (000 omitted) $631,164 $522,314 $577,252 $543,170 $420,967 $390,675 
Portfolio turnover rateF 23%G 30% 22% 21% 22% 26% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Advisor Freedom 2045 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.43 $11.35 $12.36 
Income from Investment Operations    
Net investment income (loss)B (.01) .17 .20 
Net realized and unrealized gain (loss) 2.58 (1.22) (.46) 
Total from investment operations 2.57 (1.05) (.26) 
Distributions from net investment income – (.18) (.26) 
Distributions from net realized gain (.41) (.69) (.49) 
Total distributions (.41) (.87) (.75) 
Net asset value, end of period $11.59 $9.43 $11.35 
Total ReturnC,D 27.92% (10.33)% (1.33)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .64%G .65%H .64%G 
Expenses net of fee waivers, if any .64%G .65%H .64%G 
Expenses net of all reductions .64%G .65%H .64%G 
Net investment income (loss) (.16)%G 1.54% 3.71%G 
Supplemental Data    
Net assets, end of period (000 omitted) $24,154 $16,800 $1,376 
Portfolio turnover rateF 23%G 30% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2045 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.48 $11.39 $12.28 $11.65 
Income from Investment Operations     
Net investment income (loss)B C .19 .22 .15 
Net realized and unrealized gain (loss) 2.59 (1.23) .12 .92 
Total from investment operations 2.59 (1.04) .34 1.07 
Distributions from net investment income – (.19) (.24) (.18) 
Distributions from net realized gain (.41) (.69) (.99) (.26) 
Total distributions (.41) (.87)D (1.23) (.44) 
Net asset value, end of period $11.66 $9.48 $11.39 $12.28 
Total ReturnE,F 27.98% (10.22)% 3.58% 9.15% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .49%I .49% .50%J .51%I,J 
Expenses net of fee waivers, if any .49%I .49% .50%J .51%I,J 
Expenses net of all reductions .49%I .49% .50%J .51%I,J 
Net investment income (loss) (.01)%I 1.70% 1.88% 1.50%I 
Supplemental Data     
Net assets, end of period (000 omitted) $70,924 $44,798 $31,493 $9,112 
Portfolio turnover rateH 23%I 30% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2050 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.9 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.2 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.5% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.6% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2050 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $1,139,761) 1,140,000 1,139,785 
 Shares Value 
Domestic Equity Funds - 51.5%   
Fidelity Advisor Series Equity Growth Fund (b) 4,339,074 $78,927,765 
Fidelity Advisor Series Growth Opportunities Fund (b) 2,959,871 54,432,027 
Fidelity Advisor Series Small Cap Fund (b) 3,208,647 35,712,240 
Fidelity Series All-Sector Equity Fund (b) 3,189,670 33,969,988 
Fidelity Series Commodity Strategy Fund (b) 7,563,563 31,464,422 
Fidelity Series Large Cap Stock Fund (b) 8,813,072 124,793,105 
Fidelity Series Large Cap Value Index Fund (b) 1,162,829 13,488,816 
Fidelity Series Opportunistic Insights Fund (b) 3,387,210 73,265,342 
Fidelity Series Small Cap Opportunities Fund (b) 3,445,596 43,965,800 
Fidelity Series Stock Selector Large Cap Value Fund (b) 7,215,418 79,369,595 
Fidelity Series Value Discovery Fund (b) 6,566,857 81,166,355 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $542,397,397)  650,555,455 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 2,898,323 29,649,844 
Fidelity Series Emerging Markets Fund (b) 2,059,446 19,420,575 
Fidelity Series Emerging Markets Opportunities Fund (b) 8,388,616 175,993,159 
Fidelity Series International Growth Fund (b) 4,672,242 87,744,708 
Fidelity Series International Small Cap Fund (b) 1,526,051 27,163,705 
Fidelity Series International Value Fund (b) 10,068,265 86,788,443 
Fidelity Series Overseas Fund (b) 7,836,966 87,617,283 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $430,065,757)  514,377,717 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 783,425 7,097,831 
Fidelity Series Floating Rate High Income Fund (b) 155,101 1,372,640 
Fidelity Series High Income Fund (b) 936,955 8,545,033 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,346,199 25,104,329 
Fidelity Series International Credit Fund (b) 57,504 598,612 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,776,952 28,685,916 
Fidelity Series Real Estate Income Fund (b) 497,552 4,965,566 
TOTAL BOND FUNDS   
(Cost $72,542,141)  76,369,927 
Short-Term Funds - 1.6%   
Fidelity Cash Central Fund 0.10% (c) 3,018,765 3,019,369 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 14,517,821 14,517,821 
Fidelity Series Short-Term Credit Fund (b) 214,228 2,195,835 
TOTAL SHORT-TERM FUNDS   
(Cost $19,666,167)  19,733,025 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,065,811,223)  1,262,175,909 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (224,384) 
NET ASSETS - 100%  $1,261,951,525 

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) 28 Dec. 2020 $2,594,480 $(40,450) $(40,450) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 12 Dec. 2020 2,011,200 (13,130) (13,130) 
TOTAL FUTURES CONTRACTS     $(53,580) 

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 0.2%

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 $1,139,785.

 (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 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 $2,041 
Total $2,041 

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 $61,058,917 $6,024,962 $16,809,737 $-- $3,195,667 $25,457,956 $78,927,765 
Fidelity Advisor Series Growth Opportunities Fund 39,418,229 3,947,202 14,789,841 -- 3,548,749 22,307,688 54,432,027 
Fidelity Advisor Series Small Cap Fund 25,945,611 3,008,390 1,942,251 -- 79,653 8,620,837 35,712,240 
Fidelity Series All-Sector Equity Fund 26,774,286 1,891,094 4,241,748 -- 66,475 9,479,881 33,969,988 
Fidelity Series Canada Fund 19,809,649 5,419,225 789,541 -- (62,881) 5,273,392 29,649,844 
Fidelity Series Commodity Strategy Fund 33,420,668 2,130,624 8,039,008 135,451 (2,349,136) 6,301,274 31,464,422 
Fidelity Series Emerging Markets Debt Fund 6,301,127 435,507 437,927 187,605 11,169 787,955 7,097,831 
Fidelity Series Emerging Markets Fund 11,780,841 4,265,196 1,168,889 -- 15,541 4,527,886 19,420,575 
Fidelity Series Emerging Markets Opportunities Fund 110,296,509 30,796,348 8,461,133 -- 531,674 42,829,761 175,993,159 
Fidelity Series Floating Rate High Income Fund 1,258,928 90,872 105,950 30,896 (5,359) 134,149 1,372,640 
Fidelity Series Government Money Market Fund 0.16% 30,012,201 12,353,098 27,847,478 23,635 -- -- 14,517,821 
Fidelity Series High Income Fund 7,703,311 533,812 529,750 233,930 (1,056) 838,716 8,545,033 
Fidelity Series Inflation-Protected Bond Index Fund 21,431,412 5,423,265 3,104,891 18,437 14,279 1,340,264 25,104,329 
Fidelity Series International Credit Fund 541,583 8,418 -- 8,417 -- 48,611 598,612 
Fidelity Series International Growth Fund 83,827,283 2,753,014 21,566,337 -- 4,159,811 18,570,937 87,744,708 
Fidelity Series International Small Cap Fund 20,028,601 1,413,504 1,055,845 -- 62,512 6,714,933 27,163,705 
Fidelity Series International Value Fund 74,915,069 3,977,000 7,740,807 -- (909,131) 16,546,312 86,788,443 
Fidelity Series Large Cap Stock Fund 99,130,398 15,610,587 7,935,153 4,222,332 (69,543) 18,056,816 124,793,105 
Fidelity Series Large Cap Value Index Fund 10,314,647 1,684,602 739,821 -- (10,754) 2,240,142 13,488,816 
Fidelity Series Long-Term Treasury Bond Index Fund 24,463,695 8,280,862 3,242,618 673,254 227,073 (1,043,096) 28,685,916 
Fidelity Series Opportunistic Insights Fund 57,733,234 6,616,772 14,975,132 -- 1,702,445 22,188,023 73,265,342 
Fidelity Series Overseas Fund 69,834,679 6,539,983 10,003,254 -- (215,718) 21,461,593 87,617,283 
Fidelity Series Real Estate Income Fund 4,163,039 347,875 331,979 159,948 (29,729) 816,360 4,965,566 
Fidelity Series Short-Term Credit Fund 2,033,962 86,134 2,556 23,858 (11) 78,306 2,195,835 
Fidelity Series Small Cap Opportunities Fund 32,800,494 4,894,719 2,432,573 256,903 (24,003) 8,727,163 43,965,800 
Fidelity Series Stock Selector Large Cap Value Fund 61,188,399 8,253,464 4,366,792 -- (279,355) 14,573,879 79,369,595 
Fidelity Series Value Discovery Fund 63,247,581 7,351,731 5,329,967 -- 25,590 15,871,420 81,166,355 
 $999,434,353 $144,138,260 $167,990,978 $5,974,666 $9,683,962 $272,751,158 $1,258,016,755 

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 September 30, 2020, 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 and Net Other Assets $1,139,785 $-- $1,139,785 $-- 
Domestic Equity Funds 650,555,455 650,555,455 -- -- 
International Equity Funds 514,377,717 514,377,717 -- -- 
Bond Funds 76,369,927 76,369,927 -- -- 
Short-Term Funds 19,733,025 19,733,025 -- -- 
Total Investments in Securities: $1,262,175,909 $1,261,036,124 $1,139,785 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(53,580) $(53,580) $-- $-- 
Total Liabilities $(53,580) $(53,580) $-- $-- 
Total Derivative Instruments: $(53,580) $(53,580) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(53,580) 
Total Equity Risk (53,580) 
Total Value of Derivatives $0 $(53,580) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,139,762) 
$1,139,785  
Fidelity Central Funds (cost $3,019,368) 3,019,369  
Other affiliated issuers (cost $1,061,652,093) 1,258,016,755  
Total Investment in Securities (cost $1,065,811,223)  $1,262,175,909 
Cash  34,930 
Receivable for investments sold  19,028,492 
Receivable for fund shares sold  1,266,931 
Distributions receivable from Fidelity Central Funds  280 
Total assets  1,282,506,542 
Liabilities   
Payable for investments purchased $16,534,024  
Payable for fund shares redeemed 3,020,907  
Accrued management fee 777,108  
Distribution and service plan fees payable 189,865  
Payable for daily variation margin on futures contracts 33,113  
Total liabilities  20,555,017 
Net Assets  $1,261,951,525 
Net Assets consist of:   
Paid in capital  $1,063,490,990 
Total accumulated earnings (loss)  198,460,535 
Net Assets  $1,261,951,525 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($450,351,308 ÷ 38,983,963 shares)(a)  $11.55 
Maximum offering price per share (100/94.25 of $11.55)  $12.25 
Class M:   
Net Asset Value and redemption price per share ($172,327,016 ÷ 15,043,971 shares)(a)  $11.45 
Maximum offering price per share (100/96.50 of $11.45)  $11.87 
Class C:   
Net Asset Value and offering price per share ($27,649,939 ÷ 2,459,104 shares)(a)  $11.24 
Class I:   
Net Asset Value, offering price and redemption price per share ($538,264,245 ÷ 46,175,972 shares)  $11.66 
Class Z:   
Net Asset Value, offering price and redemption price per share ($16,965,442 ÷ 1,464,909 shares)  $11.58 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($56,393,575 ÷ 4,842,429 shares)  $11.65 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,928,679 
Interest  2,213 
Income from Fidelity Central Funds  2,041 
Total income  2,932,933 
Expenses   
Management fee $4,413,784  
Distribution and service plan fees 1,075,390  
Independent trustees' fees and expenses 1,606  
Total expenses before reductions 5,490,780  
Expense reductions (194)  
Total expenses after reductions  5,490,586 
Net investment income (loss)  (2,557,653) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 90,316  
Fidelity Central Funds (297)  
Other affiliated issuers 9,683,962  
Futures contracts (630,909)  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,045,987  
Total net realized gain (loss)  12,189,059 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,205)  
Fidelity Central Funds (136)  
Other affiliated issuers 272,751,158  
Futures contracts (163,261)  
Total change in net unrealized appreciation (depreciation)  272,586,556 
Net gain (loss)  284,775,615 
Net increase (decrease) in net assets resulting from operations  $282,217,962 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(2,557,653) $15,055,161 
Net realized gain (loss) 12,189,059 58,144,227 
Change in net unrealized appreciation (depreciation) 272,586,556 (189,911,558) 
Net increase (decrease) in net assets resulting from operations 282,217,962 (116,712,170) 
Distributions to shareholders (44,639,739) (82,439,055) 
Share transactions - net increase (decrease) 19,440,745 76,677,887 
Total increase (decrease) in net assets 257,018,968 (122,473,338) 
Net Assets   
Beginning of period 1,004,932,557 1,127,405,895 
End of period $1,261,951,525 $1,004,932,557 

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


Financial Highlights

Fidelity Advisor Freedom 2050 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.43 $11.31 $12.17 $11.20 $10.16 $11.06 
Income from Investment Operations       
Net investment income (loss)A (.03) .13 .16 .09 .13 .13 
Net realized and unrealized gain (loss) 2.57 (1.21) .13 1.40 1.39 (.53) 
Total from investment operations 2.54 (1.08) .29 1.49 1.52 (.40) 
Distributions from net investment income – (.14) (.18) (.12) (.13) (.14) 
Distributions from net realized gain (.42) (.66) (.97) (.40) (.34) (.36) 
Total distributions (.42) (.80) (1.15) (.52) (.48)B (.50) 
Net asset value, end of period $11.55 $9.43 $11.31 $12.17 $11.20 $10.16 
Total ReturnC,D,E 27.57% (10.58)% 3.08% 13.42% 15.52% (3.84)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H 1.00% .99%I .88% .25% .25% 
Expenses net of fee waivers, if any 1.00%H 1.00% .99%I .88% .25% .25% 
Expenses net of all reductions 1.00%H 1.00% .99%I .88% .25% .25% 
Net investment income (loss) (.51)%H 1.20% 1.38% .79% 1.22% 1.28% 
Supplemental Data       
Net assets, end of period (000 omitted) $450,351 $358,407 $417,583 $418,313 $396,373 $363,199 
Portfolio turnover rateG 24%H 32% 23% 20% 25% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.36 $11.24 $12.11 $11.15 $10.12 $11.02 
Income from Investment Operations       
Net investment income (loss)A (.04) .11 .13 .06 .10 .11 
Net realized and unrealized gain (loss) 2.55 (1.22) .13 1.39 1.38 (.54) 
Total from investment operations 2.51 (1.11) .26 1.45 1.48 (.43) 
Distributions from net investment income – (.11) (.16) (.10) (.11) (.12) 
Distributions from net realized gain (.42) (.65) (.97) (.40) (.34) (.36) 
Total distributions (.42) (.77)B (1.13) (.49)B (.45) (.47)B 
Net asset value, end of period $11.45 $9.36 $11.24 $12.11 $11.15 $10.12 
Total ReturnC,D,E 27.45% (10.88)% 2.83% 13.16% 15.22% (4.08)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.25%H 1.25% 1.25% 1.13% .50% .50% 
Expenses net of fee waivers, if any 1.25%H 1.25% 1.25% 1.13% .50% .50% 
Expenses net of all reductions 1.24%H 1.25% 1.25% 1.13% .50% .50% 
Net investment income (loss) (.76)%H .95% 1.13% .54% .97% 1.04% 
Supplemental Data       
Net assets, end of period (000 omitted) $172,327 $143,526 $172,974 $166,634 $147,601 $127,842 
Portfolio turnover rateG 24%H 32% 23% 20% 25% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2050 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.22 $11.10 $11.98 $11.05 $10.04 $10.95 
Income from Investment Operations       
Net investment income (loss)A (.07) .05 .07 B .05 .06 
Net realized and unrealized gain (loss) 2.51 (1.20) .14 1.38 1.37 (.55) 
Total from investment operations 2.44 (1.15) .21 1.38 1.42 (.49) 
Distributions from net investment income – (.07) (.11) (.06) (.08) (.08) 
Distributions from net realized gain (.42) (.65) (.97) (.39) (.34) (.34) 
Total distributions (.42) (.73)C (1.09)C (.45) (.41)C (.42) 
Net asset value, end of period $11.24 $9.22 $11.10 $11.98 $11.05 $10.04 
Total ReturnD,E,F 27.10% (11.32)% 2.34% 12.59% 14.73% (4.67)% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Expenses net of all reductions 1.74%I,J 1.75% 1.74%J 1.63% 1.00% 1.00% 
Net investment income (loss) (1.26)%I .45% .63% .04% .47% .54% 
Supplemental Data       
Net assets, end of period (000 omitted) $27,650 $21,457 $26,139 $32,763 $28,268 $24,460 
Portfolio turnover rateH 24%I 32% 23% 20% 25% 24% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions per share do not sum due to rounding.

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

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.50 $11.39 $12.25 $11.27 $10.22 $11.13 
Income from Investment Operations       
Net investment income (loss)A (.01) .16 .19 .12 .16 .16 
Net realized and unrealized gain (loss) 2.59 (1.22) .12 1.41 1.39 (.55) 
Total from investment operations 2.58 (1.06) .31 1.53 1.55 (.39) 
Distributions from net investment income – (.16) (.20) (.14) (.15) (.16) 
Distributions from net realized gain (.42) (.67) (.97) (.41) (.35) (.36) 
Total distributions (.42) (.83) (1.17) (.55) (.50) (.52) 
Net asset value, end of period $11.66 $9.50 $11.39 $12.25 $11.27 $10.22 
Total ReturnB,C 27.80% (10.37)% 3.30% 13.74% 15.81% (3.65)% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .75%F .75% .75% .64% - %G - %G 
Expenses net of fee waivers, if any .75%F .75% .75% .64% -% -% 
Expenses net of all reductions .75%F .75% .75% .64% -% -% 
Net investment income (loss) (.26)%F 1.45% 1.63% 1.03% 1.47% 1.53% 
Supplemental Data       
Net assets, end of period (000 omitted) $538,264 $436,294 $488,167 $466,677 $357,398 $320,449 
Portfolio turnover rateE 24%F 32% 23% 20% 25% 24% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 F Annualized

 G Amount represents less than .005%.

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


Fidelity Advisor Freedom 2050 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.43 $11.34 $12.34 
Income from Investment Operations    
Net investment income (loss)B (.01) .17 .28 
Net realized and unrealized gain (loss) 2.58 (1.22) (.54) 
Total from investment operations 2.57 (1.05) (.26) 
Distributions from net investment income – (.18) (.25) 
Distributions from net realized gain (.42) (.68) (.49) 
Total distributions (.42) (.86) (.74) 
Net asset value, end of period $11.58 $9.43 $11.34 
Total ReturnC,D 27.90% (10.33)% (1.34)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .64%G .65%H .65%G,H 
Expenses net of fee waivers, if any .64%G .65%H .65%G,H 
Expenses net of all reductions .64%G .65%H .65%G,H 
Net investment income (loss) (.15)%G 1.55% 5.18%G 
Supplemental Data    
Net assets, end of period (000 omitted) $16,965 $11,414 $650 
Portfolio turnover rateF 24%G 32% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2050 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.48 $11.37 $12.24 $11.59 
Income from Investment Operations     
Net investment income (loss)B C .19 .22 .23 
Net realized and unrealized gain (loss) 2.59 (1.22) .12 .83 
Total from investment operations 2.59 (1.03) .34 1.06 
Distributions from net investment income – (.18) (.24) (.17) 
Distributions from net realized gain (.42) (.68) (.97) (.24) 
Total distributions (.42) (.86) (1.21) (.41) 
Net asset value, end of period $11.65 $9.48 $11.37 $12.24 
Total ReturnD,E 27.97% (10.14)% 3.55% 9.15% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .49%H .49% .50%I .51%H,I 
Expenses net of fee waivers, if any .49%H .49% .50%I .51%H,I 
Expenses net of all reductions .49%H .49% .50%I .51%H,I 
Net investment income (loss) - %H,J 1.70% 1.88% 2.27%H 
Supplemental Data     
Net assets, end of period (000 omitted) $56,394 $33,835 $21,893 $5,410 
Portfolio turnover rateG 24%H 32% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom® 2055 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.2 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.5% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.6% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2055 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $619,869) 620,000 619,882 
 Shares Value 
Domestic Equity Funds - 51.5%   
Fidelity Advisor Series Equity Growth Fund (b) 2,611,699 $47,506,798 
Fidelity Advisor Series Growth Opportunities Fund (b) 1,781,553 32,762,768 
Fidelity Advisor Series Small Cap Fund (b) 1,931,296 21,495,323 
Fidelity Series All-Sector Equity Fund (b) 1,919,863 20,446,545 
Fidelity Series Commodity Strategy Fund (b) 4,565,967 18,994,421 
Fidelity Series Large Cap Stock Fund (b) 5,304,639 75,113,684 
Fidelity Series Large Cap Value Index Fund (b) 699,911 8,118,966 
Fidelity Series Opportunistic Insights Fund (b) 2,038,745 44,098,044 
Fidelity Series Small Cap Opportunities Fund (b) 2,073,924 26,463,276 
Fidelity Series Stock Selector Large Cap Value Fund (b) 4,342,978 47,772,758 
Fidelity Series Value Discovery Fund (b) 3,952,608 48,854,236 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $353,065,203)  391,626,819 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 1,744,258 17,843,758 
Fidelity Series Emerging Markets Fund (b) 1,242,552 11,717,263 
Fidelity Series Emerging Markets Opportunities Fund (b) 5,050,439 105,958,202 
Fidelity Series International Growth Fund (b) 2,812,243 52,813,929 
Fidelity Series International Small Cap Fund (b) 918,261 16,345,040 
Fidelity Series International Value Fund (b) 6,061,038 52,246,151 
Fidelity Series Overseas Fund (b) 4,717,109 52,737,276 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $272,415,219)  309,661,619 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 473,438 4,289,349 
Fidelity Series Floating Rate High Income Fund (b) 95,355 843,889 
Fidelity Series High Income Fund (b) 565,180 5,154,441 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,412,189 15,110,421 
Fidelity Series International Credit Fund (b) 26,263 273,401 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,671,463 17,266,210 
Fidelity Series Real Estate Income Fund (b) 301,611 3,010,073 
TOTAL BOND FUNDS   
(Cost $43,522,544)  45,947,784 
Short-Term Funds - 1.6%   
Fidelity Cash Central Fund 0.10% (c) 1,725,835 1,726,180 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 8,788,988 8,788,988 
Fidelity Series Short-Term Credit Fund (b) 129,496 1,327,330 
TOTAL SHORT-TERM FUNDS   
(Cost $11,799,985)  11,842,498 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $681,422,820)  759,698,602 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (121,634) 
NET ASSETS - 100%  $759,576,968 

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) 16 Dec. 2020 $1,482,560 $(11,137) $(11,137) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 1,173,200 (7,659) (7,659) 
TOTAL FUTURES CONTRACTS     $(18,796) 

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 0.2%

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 $619,882.

 (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 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 $1,146 
Total $1,146 

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 $35,430,218 $4,613,869 $9,347,953 $-- $1,215,126 $15,595,538 $47,506,798 
Fidelity Advisor Series Growth Opportunities Fund 22,869,943 3,056,935 8,343,936 -- 1,802,136 13,377,690 32,762,768 
Fidelity Advisor Series Small Cap Fund 15,070,858 2,301,862 973,734 -- 40,487 5,055,850 21,495,323 
Fidelity Series All-Sector Equity Fund 15,543,866 1,584,649 2,281,530 -- (321,438) 5,920,998 20,446,545 
Fidelity Series Canada Fund 11,495,621 3,674,009 380,497 -- (36,611) 3,091,236 17,843,758 
Fidelity Series Commodity Strategy Fund 19,435,487 1,814,181 4,583,004 81,218 (1,169,560) 3,497,317 18,994,421 
Fidelity Series Emerging Markets Debt Fund 3,666,378 372,697 217,048 110,920 6,590 460,732 4,289,349 
Fidelity Series Emerging Markets Fund 6,848,582 2,812,806 613,767 -- 2,907 2,666,735 11,717,263 
Fidelity Series Emerging Markets Opportunities Fund 64,104,304 20,751,250 4,339,382 -- 68,921 25,373,109 105,958,202 
Fidelity Series Floating Rate High Income Fund 738,252 81,810 52,511 18,478 (926) 77,264 843,889 
Fidelity Series Government Money Market Fund 0.16% 17,416,116 7,651,894 16,279,022 13,892 -- -- 8,788,988 
Fidelity Series High Income Fund 4,472,076 454,684 262,558 138,020 (233) 490,472 5,154,441 
Fidelity Series Inflation-Protected Bond Index Fund 12,449,254 3,575,045 1,710,762 10,846 8,711 788,173 15,110,421 
Fidelity Series International Credit Fund 247,355 3,844 -- 3,844 -- 22,202 273,401 
Fidelity Series International Growth Fund 48,743,741 2,903,157 12,182,042 -- 988,651 12,360,422 52,813,929 
Fidelity Series International Small Cap Fund 11,650,965 1,242,266 535,685 -- 34,860 3,952,634 16,345,040 
Fidelity Series International Value Fund 43,608,174 3,567,437 4,073,885 -- (238,990) 9,383,415 52,246,151 
Fidelity Series Large Cap Stock Fund 57,573,265 10,974,314 3,926,225 2,507,099 (88,060) 10,580,390 75,113,684 
Fidelity Series Large Cap Value Index Fund 6,016,237 1,162,471 368,994 -- (12,333) 1,321,585 8,118,966 
Fidelity Series Long-Term Treasury Bond Index Fund 14,209,861 5,360,766 1,821,610 394,152 125,781 (608,588) 17,266,210 
Fidelity Series Opportunistic Insights Fund 33,504,927 4,900,026 8,324,241 -- 788,344 13,228,988 44,098,044 
Fidelity Series Overseas Fund 40,426,611 5,239,761 5,387,616 -- (126,341) 12,584,861 52,737,276 
Fidelity Series Real Estate Income Fund 2,419,316 293,786 164,537 95,342 (9,410) 470,918 3,010,073 
Fidelity Series Short-Term Credit Fund 1,224,166 57,839 2,033 14,422 (37) 47,395 1,327,330 
Fidelity Series Small Cap Opportunities Fund 19,062,767 3,510,174 1,204,616 154,125 4,149 5,090,802 26,463,276 
Fidelity Series Stock Selector Large Cap Value Fund 35,558,943 6,021,173 2,180,302 -- (102,138) 8,475,082 47,772,758 
Fidelity Series Value Discovery Fund 36,731,477 5,511,176 2,700,738 -- (15,772) 9,328,093 48,854,236 
 $580,518,760 $103,493,881 $92,258,228 $3,542,358 $2,964,814 $162,633,313 $757,352,540 

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 September 30, 2020, 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 and Net Other Assets $619,882 $-- $619,882 $-- 
Domestic Equity Funds 391,626,819 391,626,819 -- -- 
International Equity Funds 309,661,619 309,661,619 -- -- 
Bond Funds 45,947,784 45,947,784 -- -- 
Short-Term Funds 11,842,498 11,842,498 -- -- 
Total Investments in Securities: $759,698,602 $759,078,720 $619,882 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(18,796) $(18,796) $-- $-- 
Total Liabilities $(18,796) $(18,796) $-- $-- 
Total Derivative Instruments: $(18,796) $(18,796) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(18,796) 
Total Equity Risk (18,796) 
Total Value of Derivatives $0 $(18,796) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $619,870) 
$619,882  
Fidelity Central Funds (cost $1,726,180) 1,726,180  
Other affiliated issuers (cost $679,076,770) 757,352,540  
Total Investment in Securities (cost $681,422,820)  $759,698,602 
Cash  20,970 
Receivable for investments sold  10,971,344 
Receivable for fund shares sold  1,065,977 
Distributions receivable from Fidelity Central Funds  159 
Total assets  771,757,052 
Liabilities   
Payable for investments purchased $9,998,679  
Payable for fund shares redeemed 1,594,643  
Accrued management fee 465,657  
Distribution and service plan fees payable 105,024  
Payable for daily variation margin on futures contracts 16,081  
Total liabilities  12,180,084 
Net Assets  $759,576,968 
Net Assets consist of:   
Paid in capital  $683,704,849 
Total accumulated earnings (loss)  75,872,119 
Net Assets  $759,576,968 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($256,681,721 ÷ 19,869,495 shares)(a)  $12.92 
Maximum offering price per share (100/94.25 of $12.92)  $13.71 
Class M:   
Net Asset Value and redemption price per share ($95,968,768 ÷ 7,491,058 shares)(a)  $12.81 
Maximum offering price per share (100/96.50 of $12.81)  $13.27 
Class C:   
Net Asset Value and offering price per share ($13,737,553 ÷ 1,083,608 shares)(a)  $12.68 
Class I:   
Net Asset Value, offering price and redemption price per share ($347,030,617 ÷ 26,707,065 shares)  $12.99 
Class Z:   
Net Asset Value, offering price and redemption price per share ($9,010,236 ÷ 698,243 shares)  $12.90 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($37,148,073 ÷ 2,861,349 shares)  $12.98 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,738,309 
Interest  1,246 
Income from Fidelity Central Funds  1,146 
Total income  1,740,701 
Expenses   
Management fee $2,601,624  
Distribution and service plan fees 581,739  
Independent trustees' fees and expenses 939  
Total expenses before reductions 3,184,302  
Expense reductions (206)  
Total expenses after reductions  3,184,096 
Net investment income (loss)  (1,443,395) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 44,484  
Fidelity Central Funds (171)  
Other affiliated issuers 2,964,814  
Futures contracts (385,879)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,804,049  
Total net realized gain (loss)  4,427,297 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (673)  
Fidelity Central Funds (82)  
Other affiliated issuers 162,633,313  
Futures contracts (76,843)  
Total change in net unrealized appreciation (depreciation)  162,555,715 
Net gain (loss)  166,983,012 
Net increase (decrease) in net assets resulting from operations  $165,539,617 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,443,395) $9,029,338 
Net realized gain (loss) 4,427,297 31,945,278 
Change in net unrealized appreciation (depreciation) 162,555,715 (106,103,640) 
Net increase (decrease) in net assets resulting from operations 165,539,617 (65,129,024) 
Distributions to shareholders (25,237,584) (44,853,483) 
Share transactions - net increase (decrease) 35,607,261 64,611,189 
Total increase (decrease) in net assets 175,909,294 (45,371,318) 
Net Assets   
Beginning of period 583,667,674 629,038,992 
End of period $759,576,968 $583,667,674 

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


Financial Highlights

Fidelity Advisor Freedom 2055 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.53 $12.58 $13.37 $12.19 $11.02 $11.92 
Income from Investment Operations       
Net investment income (loss)A (.03) .15 .18 .11 .14 .15 
Net realized and unrealized gain (loss) 2.87 (1.36) .15 1.51 1.51 (.59) 
Total from investment operations 2.84 (1.21) .33 1.62 1.65 (.44) 
Distributions from net investment income – (.15) (.19) (.13) (.14) (.14) 
Distributions from net realized gain (.45) (.69) (.93) (.32) (.34) (.31) 
Total distributions (.45) (.84) (1.12) (.44)B (.48) (.46)B 
Net asset value, end of period $12.92 $10.53 $12.58 $13.37 $12.19 $11.02 
Total ReturnC,D,E 27.62% (10.57)% 3.08% 13.40% 15.49% (3.89)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H 1.00% .99% .88% .25% .25% 
Expenses net of fee waivers, if any 1.00%H 1.00% .99% .88% .25% .25% 
Expenses net of all reductions 1.00%H 1.00% .99% .88% .25% .25% 
Net investment income (loss) (.51)%H 1.23% 1.41% .81% 1.24% 1.31% 
Supplemental Data       
Net assets, end of period (000 omitted) $256,682 $196,016 $212,428 $209,824 $170,352 $130,309 
Portfolio turnover rateG 26%H 35% 27% 18% 24% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

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


Fidelity Advisor Freedom 2055 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.46 $12.51 $13.31 $12.14 $10.98 $11.88 
Income from Investment Operations       
Net investment income (loss)A (.05) .12 .15 .07 .11 .12 
Net realized and unrealized gain (loss) 2.85 (1.36) .15 1.52 1.51 (.59) 
Total from investment operations 2.80 (1.24) .30 1.59 1.62 (.47) 
Distributions from net investment income – (.13) (.18) (.11) (.12) (.12) 
Distributions from net realized gain (.45) (.68) (.93) (.31) (.34) (.31) 
Total distributions (.45) (.81) (1.10)B (.42) (.46) (.43) 
Net asset value, end of period $12.81 $10.46 $12.51 $13.31 $12.14 $10.98 
Total ReturnC,D,E 27.42% (10.83)% 2.86% 13.15% 15.27% (4.11)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.24%H,I 1.25% 1.25% 1.14% .50% .50% 
Expenses net of fee waivers, if any 1.24%H,I 1.25% 1.25% 1.14% .50% .50% 
Expenses net of all reductions 1.24%H,I 1.25% 1.25% 1.14% .50% .50% 
Net investment income (loss) (.75)%H .98% 1.16% .56% .99% 1.06% 
Supplemental Data       
Net assets, end of period (000 omitted) $95,969 $74,904 $83,858 $73,101 $58,052 $41,956 
Portfolio turnover rateG 26%H 35% 27% 18% 24% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2055 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.38 $12.44 $13.26 $12.11 $10.98 $11.88 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .08 .01 .06 .06 
Net realized and unrealized gain (loss) 2.82 (1.36) .16 1.51 1.49 (.58) 
Total from investment operations 2.75 (1.30) .24 1.52 1.55 (.52) 
Distributions from net investment income – (.09) (.13) (.06) (.08) (.08) 
Distributions from net realized gain (.45) (.68) (.93) (.31) (.34) (.30) 
Total distributions (.45) (.76)B (1.06) (.37) (.42) (.38) 
Net asset value, end of period $12.68 $10.38 $12.44 $13.26 $12.11 $10.98 
Total ReturnC,D,E 27.14% (11.29)% 2.32% 12.62% 14.62% (4.53)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.74%H,I 1.75% 1.74% 1.64% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%H,I 1.75% 1.74% 1.64% 1.00% 1.00% 
Expenses net of all reductions 1.74%H,I 1.75% 1.74% 1.64% 1.00% 1.00% 
Net investment income (loss) (1.25)%H .48% .66% .05% .49% .56% 
Supplemental Data       
Net assets, end of period (000 omitted) $13,738 $9,928 $10,991 $10,685 $8,529 $5,671 
Portfolio turnover rateG 26%H 35% 27% 18% 24% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

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

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $10.57 $12.64 $13.43 $12.24 $11.06 $11.96 
Income from Investment Operations       
Net investment income (loss)A (.02) .19 .21 .14 .17 .18 
Net realized and unrealized gain (loss) 2.89 (1.39) .15 1.53 1.51 (.60) 
Total from investment operations 2.87 (1.20) .36 1.67 1.68 (.42) 
Distributions from net investment income – (.18) (.22) (.16) (.16) (.17) 
Distributions from net realized gain (.45) (.70) (.93) (.32) (.34) (.31) 
Total distributions (.45) (.87)B (1.15) (.48) (.50) (.48) 
Net asset value, end of period $12.99 $10.57 $12.64 $13.43 $12.24 $11.06 
Total ReturnC,D 27.80% (10.45)% 3.34% 13.74% 15.81% (3.64)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G,H .75% .75% .64% - %I - %I 
Expenses net of fee waivers, if any .75%G,H .75% .75% .64% -% -% 
Expenses net of all reductions .75%G,H .75% .75% .64% -% -% 
Net investment income (loss) (.26)%G 1.48% 1.66% 1.05% 1.49% 1.56% 
Supplemental Data       
Net assets, end of period (000 omitted) $347,031 $273,147 $308,366 $249,432 $165,720 $119,597 
Portfolio turnover rateF 26%G 35% 27% 18% 24% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 Amount represents less than .005%.

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


Fidelity Advisor Freedom 2055 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.50 $12.58 $13.57 
Income from Investment Operations    
Net investment income (loss)B (.01) .20 .38 
Net realized and unrealized gain (loss) 2.86 (1.36) (.65) 
Total from investment operations 2.85 (1.16) (.27) 
Distributions from net investment income – (.20) (.28) 
Distributions from net realized gain (.45) (.71) (.43) 
Total distributions (.45) (.92)C (.72)C 
Net asset value, end of period $12.90 $10.50 $12.58 
Total ReturnD,E 27.80% (10.28)% (1.35)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .64%H .65% .65%H,I 
Expenses net of fee waivers, if any .64%H .65% .65%H,I 
Expenses net of all reductions .64%H .65% .65%H,I 
Net investment income (loss) (.15)%H 1.58% 6.29%H 
Supplemental Data    
Net assets, end of period (000 omitted) $9,010 $5,767 $428 
Portfolio turnover rateG 26%H 35% 27%H 

 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2055 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $10.55 $12.62 $13.42 $12.63 
Income from Investment Operations     
Net investment income (loss)B C .22 .24 .47 
Net realized and unrealized gain (loss) 2.88 (1.38) .15 .69 
Total from investment operations 2.88 (1.16) .39 1.16 
Distributions from net investment income – (.21) (.26) (.19) 
Distributions from net realized gain (.45) (.71) (.93) (.18) 
Total distributions (.45) (.91)D (1.19) (.37) 
Net asset value, end of period $12.98 $10.55 $12.62 $13.42 
Total ReturnE,F 27.96% (10.22)% 3.59% 9.16% 
Ratios to Average Net AssetsG,H     
Expenses before reductions .49%I .49% .50% .50%I,J 
Expenses net of fee waivers, if any .49%I .49% .50% .50%I,J 
Expenses net of all reductions .49%I .49% .50% .50%I,J 
Net investment income (loss) - %I,K 1.73% 1.91% 4.26%I 
Supplemental Data     
Net assets, end of period (000 omitted) $37,148 $23,906 $12,968 $3,116 
Portfolio turnover rateH 26%I 35% 27% 18%I 

 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

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

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

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 I Annualized

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

 K Amount represents less than .005%.

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


Fidelity Advisor Freedom® 2060 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.0% 
   Short-Term Funds 1.5% 
   Short-Term Investments 0.1% 


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

Fidelity Advisor Freedom® 2060 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.11% 12/3/20 to 12/10/20 (a)   
(Cost $249,948) 250,000 249,953 
 Shares Value 
Domestic Equity Funds - 51.6%   
Fidelity Advisor Series Equity Growth Fund (b) 906,365 $16,486,780 
Fidelity Advisor Series Growth Opportunities Fund (b) 618,271 11,370,006 
Fidelity Advisor Series Small Cap Fund (b) 670,237 7,459,734 
Fidelity Series All-Sector Equity Fund (b) 666,266 7,095,737 
Fidelity Series Commodity Strategy Fund (b) 1,591,489 6,620,594 
Fidelity Series Large Cap Stock Fund (b) 1,840,931 26,067,585 
Fidelity Series Large Cap Value Index Fund (b) 242,897 2,817,605 
Fidelity Series Opportunistic Insights Fund (b) 707,516 15,303,571 
Fidelity Series Small Cap Opportunities Fund (b) 719,736 9,183,831 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,507,185 16,579,031 
Fidelity Series Value Discovery Fund (b) 1,371,711 16,954,353 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $127,774,632)  135,938,827 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (b) 605,618 6,195,468 
Fidelity Series Emerging Markets Fund (b) 432,740 4,080,734 
Fidelity Series Emerging Markets Opportunities Fund (b) 1,753,377 36,785,853 
Fidelity Series International Growth Fund (b) 975,959 18,328,507 
Fidelity Series International Small Cap Fund (b) 318,708 5,673,008 
Fidelity Series International Value Fund (b) 2,103,007 18,127,922 
Fidelity Series Overseas Fund (b) 1,637,024 18,301,931 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $97,669,390)  107,493,423 
Bond Funds - 6.0%   
Fidelity Series Emerging Markets Debt Fund (b) 164,796 1,493,054 
Fidelity Series Floating Rate High Income Fund (b) 35,956 318,209 
Fidelity Series High Income Fund (b) 196,841 1,795,189 
Fidelity Series Inflation-Protected Bond Index Fund (b) 490,086 5,243,920 
Fidelity Series International Credit Fund (b) 3,495 36,383 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 580,065 5,992,076 
Fidelity Series Real Estate Income Fund (b) 108,828 1,086,100 
TOTAL BOND FUNDS   
(Cost $15,128,251)  15,964,931 
Short-Term Funds - 1.5%   
Fidelity Cash Central Fund 0.10% (c) 463,421 463,513 
Fidelity Series Government Money Market Fund 0.16% (b)(d) 3,077,853 3,077,853 
Fidelity Series Short-Term Credit Fund (b) 45,039 461,648 
TOTAL SHORT-TERM FUNDS   
(Cost $3,987,967)  4,003,014 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $244,810,188)  263,650,148 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (38,616) 
NET ASSETS - 100%  $263,611,532 

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) Dec. 2020 $463,300 $(5,617) $(5,617) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2020 502,800 (3,282) (3,282) 
TOTAL FUTURES CONTRACTS     $(8,899) 

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 0.2%

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 $249,953.

 (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 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 $336 
Total $336 

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 $11,321,317 $2,718,826 $3,159,704 $-- $239,512 $5,366,829 $16,486,780 
Fidelity Advisor Series Growth Opportunities Fund 7,305,630 1,824,323 2,827,785 -- 368,011 4,699,827 11,370,006 
Fidelity Advisor Series Small Cap Fund 4,827,166 1,313,105 373,405 -- 5,188 1,687,680 7,459,734 
Fidelity Series All-Sector Equity Fund 4,968,557 1,044,352 781,984 -- (67,865) 1,932,677 7,095,737 
Fidelity Series Canada Fund 3,708,429 1,550,738 82,173 -- (7,683) 1,026,157 6,195,468 
Fidelity Series Commodity Strategy Fund 6,216,251 1,166,440 1,552,491 27,914 (316,885) 1,107,279 6,620,594 
Fidelity Series Emerging Markets Debt Fund 1,172,125 248,658 82,218 37,355 (1,743) 156,232 1,493,054 
Fidelity Series Emerging Markets Fund 2,196,379 1,223,484 232,194 -- 891 892,174 4,080,734 
Fidelity Series Emerging Markets Opportunities Fund 20,506,511 9,526,358 1,732,945 -- 84,223 8,401,706 36,785,853 
Fidelity Series Floating Rate High Income Fund 253,138 57,829 19,891 6,708 (638) 27,771 318,209 
Fidelity Series Government Money Market Fund 0.16% 5,554,313 2,956,799 5,433,259 4,636 -- -- 3,077,853 
Fidelity Series High Income Fund 1,430,114 302,120 99,457 46,512 (1,084) 163,496 1,795,189 
Fidelity Series Inflation-Protected Bond Index Fund 3,980,302 1,562,225 565,506 3,626 1,929 264,970 5,243,920 
Fidelity Series International Credit Fund 32,917 511 -- 512 -- 2,955 36,383 
Fidelity Series International Growth Fund 15,539,738 2,327,087 3,983,640 -- 54,749 4,390,573 18,328,507 
Fidelity Series International Small Cap Fund 3,716,187 763,764 135,724 -- 12,737 1,316,044 5,673,008 
Fidelity Series International Value Fund 13,958,416 2,534,591 1,389,772 -- 31,774 2,992,913 18,127,922 
Fidelity Series Large Cap Stock Fund 18,416,531 5,637,022 1,428,240 862,881 (83,471) 3,525,743 26,067,585 
Fidelity Series Large Cap Value Index Fund 1,917,689 608,737 141,006 -- (9,541) 441,726 2,817,605 
Fidelity Series Long-Term Treasury Bond Index Fund 4,543,154 2,134,653 522,740 129,367 37,455 (200,446) 5,992,076 
Fidelity Series Opportunistic Insights Fund 10,707,192 2,738,945 2,823,230 -- 175,791 4,504,873 15,303,571 
Fidelity Series Overseas Fund 12,942,340 3,093,641 1,892,448 -- (23,180) 4,181,578 18,301,931 
Fidelity Series Real Estate Income Fund 796,485 193,703 62,327 33,523 (4,277) 162,516 1,086,100 
Fidelity Series Short-Term Credit Fund 409,257 36,411 419 4,982 (5) 16,404 461,648 
Fidelity Series Small Cap Opportunities Fund 6,102,355 1,854,535 461,939 52,986 (15,849) 1,704,729 9,183,831 
Fidelity Series Stock Selector Large Cap Value Fund 11,382,253 3,257,694 830,383 -- (72,102) 2,841,569 16,579,031 
Fidelity Series Value Discovery Fund 11,746,321 3,095,597 972,028 -- (21,648) 3,106,111 16,954,353 
 $185,651,067 $53,772,148 $31,586,908 $1,211,002 $386,289 $54,714,086 $262,936,682 

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 September 30, 2020, 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 and Net Other Assets $249,953 $-- $249,953 $-- 
Domestic Equity Funds 135,938,827 135,938,827 -- -- 
International Equity Funds 107,493,423 107,493,423 -- -- 
Bond Funds 15,964,931 15,964,931 -- -- 
Short-Term Funds 4,003,014 4,003,014 -- -- 
Total Investments in Securities: $263,650,148 $263,400,195 $249,953 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(8,899) $(8,899) $-- $-- 
Total Liabilities $(8,899) $(8,899) $-- $-- 
Total Derivative Instruments: $(8,899) $(8,899) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of September 30, 2020. 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 $(8,899) 
Total Equity Risk (8,899) 
Total Value of Derivatives $0 $(8,899) 

 (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 Total accumulated earnings (loss).

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


Fidelity Advisor Freedom® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $249,949) 
$249,953  
Fidelity Central Funds (cost $463,513) 463,513  
Other affiliated issuers (cost $244,096,726) 262,936,682  
Total Investment in Securities (cost $244,810,188)  $263,650,148 
Cash  7,081 
Receivable for investments sold  3,700,332 
Receivable for fund shares sold  522,885 
Distributions receivable from Fidelity Central Funds  41 
Total assets  267,880,487 
Liabilities   
Payable for investments purchased $3,438,812  
Payable for fund shares redeemed 632,594  
Accrued management fee 160,582  
Distribution and service plan fees payable 36,967  
Total liabilities  4,268,955 
Net Assets  $263,611,532 
Net Assets consist of:   
Paid in capital  $246,926,574 
Total accumulated earnings (loss)  16,684,958 
Net Assets  $263,611,532 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($93,745,309 ÷ 8,015,247 shares)(a)  $11.70 
Maximum offering price per share (100/94.25 of $11.70)  $12.41 
Class M:   
Net Asset Value and redemption price per share ($30,934,589 ÷ 2,653,243 shares)(a)  $11.66 
Maximum offering price per share (100/96.50 of $11.66)  $12.08 
Class C:   
Net Asset Value and offering price per share ($5,678,032 ÷ 489,120 shares)(a)  $11.61 
Class I:   
Net Asset Value, offering price and redemption price per share ($118,675,143 ÷ 10,090,166 shares)  $11.76 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,450,007 ÷ 209,292 shares)  $11.71 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($12,128,452 ÷ 1,031,165 shares)  $11.76 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $595,152 
Interest  406 
Income from Fidelity Central Funds  336 
Total income  595,894 
Expenses   
Management fee $878,987  
Distribution and service plan fees 198,123  
Independent trustees' fees and expenses 311  
Total expenses before reductions 1,077,421  
Expense reductions (93)  
Total expenses after reductions  1,077,328 
Net investment income (loss)  (481,434) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 13,513  
Fidelity Central Funds (55)  
Other affiliated issuers 386,289  
Futures contracts (145,920)  
Capital gain distributions from underlying funds:   
Affiliated issuers 615,850  
Total net realized gain (loss)  869,677 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (211)  
Fidelity Central Funds (25)  
Other affiliated issuers 54,714,086  
Futures contracts (33,887)  
Total change in net unrealized appreciation (depreciation)  54,679,963 
Net gain (loss)  55,549,640 
Net increase (decrease) in net assets resulting from operations  $55,068,206 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(481,434) $2,519,151 
Net realized gain (loss) 869,677 8,617,852 
Change in net unrealized appreciation (depreciation) 54,679,963 (34,949,643) 
Net increase (decrease) in net assets resulting from operations 55,068,206 (23,812,640) 
Distributions to shareholders (7,472,902) (11,164,327) 
Share transactions - net increase (decrease) 29,357,776 71,887,699 
Total increase (decrease) in net assets 76,953,080 36,910,732 
Net Assets   
Beginning of period 186,658,452 149,747,720 
End of period $263,611,532 $186,658,452 

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


Financial Highlights

Fidelity Advisor Freedom 2060 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.49 $11.31 $11.86 $10.76 $9.62 $10.34 
Income from Investment Operations       
Net investment income (loss)A (.03) .14 .17 .10 .13 .12 
Net realized and unrealized gain (loss) 2.60 (1.24) .13 1.34 1.33 (.51) 
Total from investment operations 2.57 (1.10) .30 1.44 1.46 (.39) 
Distributions from net investment income – (.14) (.17) (.11) (.12) (.11) 
Distributions from net realized gain (.36) (.58) (.68) (.23) (.20) (.22) 
Total distributions (.36) (.72) (.85) (.34) (.32) (.33) 
Net asset value, end of period $11.70 $9.49 $11.31 $11.86 $10.76 $9.62 
Total ReturnB,C,D 27.69% (10.65)% 3.09% 13.44% 15.55% (3.89)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .99%G,H 1.00% 1.00% .91% .25% .25% 
Expenses net of fee waivers, if any .99%G,H 1.00% 1.00% .91% .25% .25% 
Expenses net of all reductions .99%G,H 1.00% 1.00% .91% .25% .25% 
Net investment income (loss) (.50)%G 1.25% 1.48% .84% 1.30% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $93,745 $65,792 $55,732 $37,880 $18,482 $9,058 
Portfolio turnover rateF 27%G 31% 27% 16% 32% 64% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.47 $11.29 $11.85 $10.77 $9.63 $10.33 
Income from Investment Operations       
Net investment income (loss)A (.04) .11 .14 .07 .11 .10 
Net realized and unrealized gain (loss) 2.59 (1.23) .14 1.33 1.33 (.51) 
Total from investment operations 2.55 (1.12) .28 1.40 1.44 (.41) 
Distributions from net investment income – (.12) (.16) (.10) (.10) (.08) 
Distributions from net realized gain (.36) (.58) (.68) (.22) (.20) (.21) 
Total distributions (.36) (.70) (.84) (.32) (.30) (.29) 
Net asset value, end of period $11.66 $9.47 $11.29 $11.85 $10.77 $9.63 
Total ReturnB,C,D 27.54% (10.87)% 2.82% 13.04% 15.29% (4.09)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.24%G,H 1.25% 1.25% 1.16% .50% .50% 
Expenses net of fee waivers, if any 1.24%G,H 1.25% 1.25% 1.16% .50% .50% 
Expenses net of all reductions 1.24%G,H 1.25% 1.25% 1.16% .50% .50% 
Net investment income (loss) (.75)%G 1.00% 1.23% .59% 1.05% 1.04% 
Supplemental Data       
Net assets, end of period (000 omitted) $30,935 $21,680 $19,070 $12,628 $5,719 $3,189 
Portfolio turnover rateF 27%G 31% 27% 16% 32% 64% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2060 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.46 $11.29 $11.87 $10.81 $9.68 $10.31 
Income from Investment Operations       
Net investment income (loss)A (.07) .06 .08 .01 .06 .05 
Net realized and unrealized gain (loss) 2.58 (1.24) .14 1.34 1.33 (.51) 
Total from investment operations 2.51 (1.18) .22 1.35 1.39 (.46) 
Distributions from net investment income – (.08) (.12) (.07) (.06) – 
Distributions from net realized gain (.36) (.57) (.68) (.22) (.20) (.17) 
Total distributions (.36) (.65) (.80) (.29) (.26) (.17) 
Net asset value, end of period $11.61 $9.46 $11.29 $11.87 $10.81 $9.68 
Total ReturnB,C,D 27.13% (11.27)% 2.33% 12.53% 14.65% (4.60)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.74%G,H 1.75% 1.75% 1.66% 1.00% .99% 
Expenses net of fee waivers, if any 1.74%G,H 1.75% 1.75% 1.66% 1.00% .99% 
Expenses net of all reductions 1.74%G,H 1.75% 1.75% 1.66% 1.00% .99% 
Net investment income (loss) (1.25)%G .50% .72% .09% .55% .55% 
Supplemental Data       
Net assets, end of period (000 omitted) $5,678 $4,022 $3,723 $2,604 $1,209 $1,292 
Portfolio turnover rateF 27%G 31% 27% 16% 32% 64% 

 A Calculated based on average shares outstanding during the period.

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

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

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

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2060 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2020 2020 2019 2018 2017 2016 
Selected Per–Share Data       
Net asset value, beginning of period $9.54 $11.36 $11.90 $10.80 $9.65 $10.35 
Income from Investment Operations       
Net investment income (loss)A (.01) .17 .20 .13 .16 .15 
Net realized and unrealized gain (loss) 2.60 (1.24) .13 1.33 1.33 (.50) 
Total from investment operations 2.59 (1.07) .33 1.46 1.49 (.35) 
Distributions from net investment income – (.16) (.20) (.13) (.13) (.12) 
Distributions from net realized gain (.37) (.59) (.68) (.23) (.20) (.23) 
Total distributions (.37) (.75) (.87)B (.36) (.34)B (.35) 
Net asset value, end of period $11.76 $9.54 $11.36 $11.90 $10.80 $9.65 
Total ReturnC,D 27.70% (10.38)% 3.38% 13.63% 15.82% (3.54)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .75% .66% - %H - %H 
Expenses net of fee waivers, if any .75%G .75% .75% .66% -% -% 
Expenses net of all reductions .74%G .75% .75% .66% -% -% 
Net investment income (loss) (.25)%G 1.50% 1.73% 1.09% 1.55% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $118,675 $87,182 $68,445 $43,513 $18,162 $5,845 
Portfolio turnover rateF 27%G 31% 27% 16% 32% 64% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Advisor Freedom 2060 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.49 $11.32 $12.10 
Income from Investment Operations    
Net investment income (loss)B (.01) .18 .23 
Net realized and unrealized gain (loss) 2.60 (1.23) (.46)C 
Total from investment operations 2.59 (1.05) (.23) 
Distributions from net investment income – (.18) (.24) 
Distributions from net realized gain (.37) (.60) (.31) 
Total distributions (.37) (.78) (.55) 
Net asset value, end of period $11.71 $9.49 $11.32 
Total ReturnD,E 27.90% (10.32)% (1.34)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .64%H .65%I .64%H,I 
Expenses net of fee waivers, if any .64%H .65%I .64%H,I 
Expenses net of all reductions .64%H .65%I .64%H,I 
Net investment income (loss) (.14)%H 1.60% 4.28%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,450 $1,514 $284 
Portfolio turnover rateG 27%H 31% 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.53 $11.36 $11.90 $11.16 
Income from Investment Operations     
Net investment income (loss)B – .20 .23 .33 
Net realized and unrealized gain (loss) 2.60 (1.25) .13 .69 
Total from investment operations 2.60 (1.05) .36 1.02 
Distributions from net investment income – (.19) (.22) (.16) 
Distributions from net realized gain (.37) (.60) (.68) (.13) 
Total distributions (.37) (.78)C (.90) (.28)C 
Net asset value, end of period $11.76 $9.53 $11.36 $11.90 
Total ReturnD,E 27.95% (10.24)% 3.63% 9.14% 
Ratios to Average Net AssetsF,G     
Expenses before reductions .49%H .50%I .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .50%I .50%I .50%H,I 
Expenses net of all reductions .49%H .50%I .50%I .50%H,I 
Net investment income (loss) .01%H 1.75% 1.98% 3.41%H 
Supplemental Data     
Net assets, end of period (000 omitted) $12,128 $6,468 $2,493 $802 
Portfolio turnover rateG 27%H 31% 27% 16%H 

 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 per share do not sum due to rounding.

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

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

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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® 2065 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Large Cap Stock Fund 9.9 
Fidelity Series International Growth Fund 7.0 
Fidelity Series Overseas Fund 6.9 
Fidelity Series International Value Fund 6.9 
Fidelity Series Value Discovery Fund 6.4 
Fidelity Series Stock Selector Large Cap Value Fund 6.3 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.3 
 73.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Advisor Freedom® 2065 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 39,654 $721,302 
Fidelity Advisor Series Growth Opportunities Fund (a) 27,047 497,397 
Fidelity Advisor Series Small Cap Fund (a) 29,331 326,458 
Fidelity Series All-Sector Equity Fund (a) 29,148 310,428 
Fidelity Series Commodity Strategy Fund (a) 69,935 290,931 
Fidelity Series Large Cap Stock Fund (a) 80,576 1,140,962 
Fidelity Series Large Cap Value Index Fund (a) 10,630 123,308 
Fidelity Series Opportunistic Insights Fund (a) 30,939 669,213 
Fidelity Series Small Cap Opportunities Fund (a) 31,499 401,929 
Fidelity Series Stock Selector Large Cap Value Fund (a) 65,957 725,530 
Fidelity Series Value Discovery Fund (a) 60,029 741,962 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,514,284)  5,949,420 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 26,527 271,369 
Fidelity Series Emerging Markets Fund (a) 19,007 179,236 
Fidelity Series Emerging Markets Opportunities Fund (a) 76,760 1,610,421 
Fidelity Series International Growth Fund (a) 42,724 802,349 
Fidelity Series International Small Cap Fund (a) 13,975 248,752 
Fidelity Series International Value Fund (a) 92,397 796,460 
Fidelity Series Overseas Fund (a) 71,663 801,198 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,319,167)  4,709,785 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 7,517 68,102 
Fidelity Series Floating Rate High Income Fund (a) 1,805 15,973 
Fidelity Series High Income Fund (a) 8,785 80,122 
Fidelity Series Inflation-Protected Bond Index Fund (a) 21,831 233,589 
Fidelity Series International Credit Fund (a) 497 5,174 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 25,784 266,344 
Fidelity Series Real Estate Income Fund (a) 4,966 49,560 
TOTAL BOND FUNDS   
(Cost $697,120)  718,864 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (b) 195 195 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 135,294 135,294 
Fidelity Series Short-Term Credit Fund (a) 2,435 24,955 
TOTAL SHORT-TERM FUNDS   
(Cost $160,100)  160,444 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $10,690,671)  11,538,513 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,754) 
NET ASSETS - 100%  $11,536,759 

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 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 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. [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.]

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 $339,223 $300,115 $109,523 $-- $2,419 $189,068 $721,302 
Fidelity Advisor Series Growth Opportunities Fund 223,605 203,854 104,760 -- 4,341 170,357 497,397 
Fidelity Advisor Series Small Cap Fund 159,728 142,420 35,291 -- (3,280) 62,881 326,458 
Fidelity Series All-Sector Equity Fund 154,360 128,481 37,091 -- (464) 65,142 310,428 
Fidelity Series Canada Fund 126,311 134,588 25,771 -- (4,544) 40,785 271,369 
Fidelity Series Commodity Strategy Fund 201,905 132,449 72,269 1,185 (6,293) 35,139 290,931 
Fidelity Series Emerging Markets Debt Fund 38,924 30,347 6,422 1,430 (650) 5,903 68,102 
Fidelity Series Emerging Markets Fund 72,011 90,090 14,920 -- (1,433) 33,488 179,236 
Fidelity Series Emerging Markets Opportunities Fund 666,838 782,165 136,557 -- (12,117) 310,092 1,610,421 
Fidelity Series Floating Rate High Income Fund 9,197 7,277 1,554 281 (84) 1,137 15,973 
Fidelity Series Government Money Market Fund 0.16% 204,105 135,708 204,519 200 -- -- 135,294 
Fidelity Series High Income Fund 45,654 36,710 7,768 1,729 (154) 5,680 80,122 
Fidelity Series Inflation-Protected Bond Index Fund 125,650 122,493 24,334 132 45 9,735 233,589 
Fidelity Series International Credit Fund 2,999 2,386 518 54 (17) 324 5,174 
Fidelity Series International Growth Fund 492,638 322,063 168,496 -- 621 155,523 802,349 
Fidelity Series International Small Cap Fund 118,950 102,709 20,181 -- 15 47,259 248,752 
Fidelity Series International Value Fund 444,926 350,236 99,328 -- (11,491) 112,117 796,460 
Fidelity Series Large Cap Stock Fund 586,850 561,553 118,801 35,042 (6,755) 118,115 1,140,962 
Fidelity Series Large Cap Value Index Fund 60,178 60,318 11,318 -- (1,148) 15,278 123,308 
Fidelity Series Long-Term Treasury Bond Index Fund 143,957 162,459 33,913 4,510 (635) (5,524) 266,344 
Fidelity Series Opportunistic Insights Fund 316,634 303,325 109,573 -- 2,488 156,339 669,213 
Fidelity Series Overseas Fund 432,031 342,820 119,617 -- (8,785) 154,749 801,198 
Fidelity Series Real Estate Income Fund 25,680 23,257 4,868 1,336 (907) 6,398 49,560 
Fidelity Series Short-Term Credit Fund 23,791 272 -- 270 -- 892 24,955 
Fidelity Series Small Cap Opportunities Fund 200,839 182,664 39,953 2,312 (4,029) 62,408 401,929 
Fidelity Series Stock Selector Large Cap Value Fund 373,687 337,318 80,412 -- (7,705) 102,642 725,530 
Fidelity Series Value Discovery Fund 369,715 340,347 73,908 -- (5,882) 111,690 741,962 
 $5,960,386 $5,338,424 $1,661,665 $48,481 $(66,444) $1,967,617 $11,538,318 

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 September 30, 2020, 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:     
Domestic Equity Funds $5,949,420 $5,949,420 $-- $-- 
International Equity Funds 4,709,785 4,709,785 -- -- 
Bond Funds 718,864 718,864 -- -- 
Short-Term Funds 160,444 160,444 -- -- 
Total Investments in Securities: $11,538,513 $11,538,513 $-- $-- 

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


Fidelity Advisor Freedom® 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $195) $195  
Other affiliated issuers (cost $10,690,476) 11,538,318  
Total Investment in Securities (cost $10,690,671)  $11,538,513 
Cash  
Receivable for investments sold  49,508 
Receivable for fund shares sold  198,013 
Total assets  11,786,038 
Liabilities   
Payable for investments purchased $223,994  
Payable for fund shares redeemed 17,066  
Accrued management fee 6,784  
Distribution and service plan fees payable 1,435  
Total liabilities  249,279 
Net Assets  $11,536,759 
Net Assets consist of:   
Paid in capital  $10,782,887 
Total accumulated earnings (loss)  753,872 
Net Assets  $11,536,759 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($4,831,998 ÷ 453,433 shares)(a)  $10.66 
Maximum offering price per share (100/94.25 of $10.66)  $11.31 
Class M:   
Net Asset Value and redemption price per share ($649,367 ÷ 61,013 shares)(a)  $10.64 
Maximum offering price per share (100/96.50 of $10.64)  $11.03 
Class C:   
Net Asset Value and offering price per share ($264,116 ÷ 24,905 shares)(a)  $10.60 
Class I:   
Net Asset Value, offering price and redemption price per share ($4,862,993 ÷ 455,262 shares)  $10.68 
Class Z:   
Net Asset Value, offering price and redemption price per share ($287,627 ÷ 26,872 shares)  $10.70 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($640,658 ÷ 59,797 shares)  $10.71 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $24,039 
Expenses   
Management fee $32,444  
Distribution and service plan fees 6,790  
Independent trustees' fees and expenses 11  
Total expenses  39,245 
Net investment income (loss)  (15,206) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  
Affiliated issuers (66,444)  
Capital gain distributions from underlying funds:   
Affiliated issuers 24,442  
Total net realized gain (loss)  (41,998) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,967,617  
Total change in net unrealized appreciation (depreciation)  1,967,617 
Net gain (loss)  1,925,619 
Net increase (decrease) in net assets resulting from operations  $1,910,413 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) For the period
June 28, 2019 (commencement of operations) to March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(15,206) $32,838 
Net realized gain (loss) (41,998) 85,456 
Change in net unrealized appreciation (depreciation) 1,967,617 (1,119,775) 
Net increase (decrease) in net assets resulting from operations 1,910,413 (1,001,481) 
Distributions to shareholders (100,896) (54,165) 
Share transactions - net increase (decrease) 3,767,407 7,015,481 
Total increase (decrease) in net assets 5,576,924 5,959,835 
Net Assets   
Beginning of period 5,959,835 – 
End of period $11,536,759 $5,959,835 

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


Financial Highlights

Fidelity Advisor Freedom 2065 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.47 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.02) .12 
Net realized and unrealized gain (loss) 2.34 (1.48) 
Total from investment operations 2.32 (1.36) 
Distributions from net investment income – (.13) 
Distributions from net realized gain (.13) (.04) 
Total distributions (.13) (.17) 
Net asset value, end of period $10.66 $8.47 
Total ReturnC,D 27.58% (13.92)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .99%G,H 1.01%G,H 
Expenses net of fee waivers, if any .99%G,H 1.01%G,H 
Expenses net of all reductions .99%G,H 1.01%G,H 
Net investment income (loss) (.46)%G 1.60%G 
Supplemental Data   
Net assets, end of period (000 omitted) $4,832 $1,980 
Portfolio turnover rateF 37%G 33%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2065 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.47 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.04) .10 
Net realized and unrealized gain (loss) 2.33 (1.47) 
Total from investment operations 2.29 (1.37) 
Distributions from net investment income – (.11) 
Distributions from net realized gain (.12) (.04) 
Total distributions (.12) (.16)C 
Net asset value, end of period $10.64 $8.47 
Total ReturnD,E 27.28% (14.05)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.24%H,I 1.25%H 
Expenses net of fee waivers, if any 1.24%H,I 1.25%H 
Expenses net of all reductions 1.24%H,I 1.25%H 
Net investment income (loss) (.71)%H 1.35%H 
Supplemental Data   
Net assets, end of period (000 omitted) $649 $332 
Portfolio turnover rateG 37%H 33%H 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2065 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.46 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.06) .06 
Net realized and unrealized gain (loss) 2.32 (1.47) 
Total from investment operations 2.26 (1.41) 
Distributions from net investment income – (.09) 
Distributions from net realized gain (.12) (.04) 
Total distributions (.12) (.13) 
Net asset value, end of period $10.60 $8.46 
Total ReturnC,D 26.96% (14.38)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions 1.74%G,H 1.75%G 
Expenses net of fee waivers, if any 1.74%G,H 1.75%G 
Expenses net of all reductions 1.74%G,H 1.75%G 
Net investment income (loss) (1.21)%G .86%G 
Supplemental Data   
Net assets, end of period (000 omitted) $264 $183 
Portfolio turnover rateF 37%G 33%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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 2065 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.48 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .14 
Net realized and unrealized gain (loss) 2.34 (1.48) 
Total from investment operations 2.33 (1.34) 
Distributions from net investment income – (.14) 
Distributions from net realized gain (.13) (.04) 
Total distributions (.13) (.18) 
Net asset value, end of period $10.68 $8.48 
Total ReturnC 27.71% (13.78)% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .75%F .75%F 
Expenses net of fee waivers, if any .75%F .75%F 
Expenses net of all reductions .75%F .75%F 
Net investment income (loss) (.21)%F 1.85%F 
Supplemental Data   
Net assets, end of period (000 omitted) $4,863 $2,383 
Portfolio turnover rateE 37%F 33%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 F Annualized

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


Fidelity Advisor Freedom 2065 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.49 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .15 
Net realized and unrealized gain (loss) 2.34 (1.48) 
Total from investment operations 2.33 (1.33) 
Distributions from net investment income – (.14) 
Distributions from net realized gain (.12) (.04) 
Total distributions (.12) (.18) 
Net asset value, end of period $10.70 $8.49 
Total ReturnC 27.69% (13.68)% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .64%F .64%F 
Expenses net of fee waivers, if any .64%F .64%F 
Expenses net of all reductions .64%F .64%F 
Net investment income (loss) (.10)%F 1.96%F 
Supplemental Data   
Net assets, end of period (000 omitted) $288 $176 
Portfolio turnover rateE 37%F 33%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 F Annualized

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


Fidelity Advisor Freedom 2065 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.50 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .15 
Net realized and unrealized gain (loss) 2.34 (1.47) 
Total from investment operations 2.34 (1.32) 
Distributions from net investment income – (.14) 
Distributions from net realized gain (.13) (.04) 
Total distributions (.13) (.18) 
Net asset value, end of period $10.71 $8.50 
Total ReturnD 27.79% (13.58)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .49%G .50%G,H 
Expenses net of fee waivers, if any .49%G .50%G,H 
Expenses net of all reductions .49%G .50%G,H 
Net investment income (loss) .04%G 2.11%G 
Supplemental Data   
Net assets, end of period (000 omitted) $641 $905 
Portfolio turnover rateF 37%G 33%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2020

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, Fidelity Advisor Freedom 2060 Fund and Fidelity Advisor Freedom 2065 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. 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.

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 the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.

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 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 – Investment 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 open-end mutual 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. The aggregate value of investments by input level as of September 30, 2020 is included at the end of each Fund's Schedule of Investments.

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. Income and capital gain distributions from any underlying mutual funds or exchange-traded funds (ETFs) 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 any underlying mutual funds or exchange-traded funds (ETFs). Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of any underlying mutual funds or exchange-traded funds (ETFs) expenses through the impact of these expenses on each underlying mutual fund's or exchange-traded fund's (ETFs) NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

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

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are 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 mutual funds or exchange-traded funds (ETFs), 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) 
Fidelity Advisor Freedom Income Fund $211,014,360 $23,389,711 $(1,166,787) $22,222,924 
Fidelity Advisor Freedom 2005 Fund 144,890,391 18,492,029 (794,558) 17,697,471 
Fidelity Advisor Freedom 2010 Fund 329,778,936 49,565,697 (1,968,671) 47,597,026 
Fidelity Advisor Freedom 2015 Fund 703,805,996 128,065,498 (4,355,931) 123,709,567 
Fidelity Advisor Freedom 2020 Fund 1,738,747,086 318,607,262 (12,001,561) 306,605,701 
Fidelity Advisor Freedom 2025 Fund 2,395,273,426 450,598,908 (18,954,448) 431,644,460 
Fidelity Advisor Freedom 2030 Fund 2,557,619,197 514,276,047 (25,369,337) 488,906,710 
Fidelity Advisor Freedom 2035 Fund 2,091,430,947 454,743,424 (32,110,267) 422,633,157 
Fidelity Advisor Freedom 2040 Fund 1,848,299,855 428,619,419 (32,314,796) 396,304,623 
Fidelity Advisor Freedom 2045 Fund 1,291,441,053 271,693,726 (31,745,331) 239,948,395 
Fidelity Advisor Freedom 2050 Fund 1,069,906,157 220,399,734 (28,183,562) 192,216,172 
Fidelity Advisor Freedom 2055 Fund 685,609,934 100,844,972 (26,775,100) 74,069,872 
Fidelity Advisor Freedom 2060 Fund 247,105,781 27,082,043 (10,546,575) 16,535,468 
Fidelity Advisor Freedom 2065 Fund 10,798,466 986,084 (246,037) 740,047 

Certain of the Funds elected to defer to the next fiscal year ordinary losses recognized during the period January 1, 2020 to March 31, 2020. Loss deferrals were as follows:

 Ordinary losses 
Fidelity Advisor Freedom 2035 Fund $(1,529,880) 
Fidelity Advisor Freedom 2040 Fund (2,598,441) 
Fidelity Advisor Freedom 2045 Fund (815,646) 
Fidelity Advisor Freedom 2050 Fund (268,998) 
Fidelity Advisor Freedom 2055 Fund (103,617) 

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 risk:

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.
 

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.

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, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Advisor Freedom Income Fund 37,697,981 36,575,625 
Fidelity Advisor Freedom 2005 Fund 24,343,171 27,854,145 
Fidelity Advisor Freedom 2010 Fund 45,923,194 71,080,463 
Fidelity Advisor Freedom 2015 Fund 98,127,804 159,299,080 
Fidelity Advisor Freedom 2020 Fund 235,183,005 380,355,246 
Fidelity Advisor Freedom 2025 Fund 328,048,562 458,018,327 
Fidelity Advisor Freedom 2030 Fund 363,996,256 476,028,881 
Fidelity Advisor Freedom 2035 Fund 285,320,780 374,304,066 
Fidelity Advisor Freedom 2040 Fund 221,720,911 323,772,055 
Fidelity Advisor Freedom 2045 Fund 164,768,318 222,679,730 
Fidelity Advisor Freedom 2050 Fund 144,138,260 167,990,978 
Fidelity Advisor Freedom 2055 Fund 103,493,881 92,258,228 
Fidelity Advisor Freedom 2060 Fund 53,772,148 31,586,908 
Fidelity Advisor Freedom 2065 Fund 5,338,424 1,661,665 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) 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 each Fund, with the exception of Fidelity Advisor Freedom 2065 Fund, the management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees. 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 .465% .415% 
Fidelity Advisor Freedom 2010 Fund .508% .448% 
Fidelity Advisor Freedom 2015 Fund .550% .482% 
Fidelity Advisor Freedom 2020 Fund .593% .517% 
Fidelity Advisor Freedom 2025 Fund .635% .552% 
Fidelity Advisor Freedom 2030 Fund .678% .587% 
Fidelity Advisor Freedom 2035 Fund .720% .622% 
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% 
Fidelity Advisor Freedom 2065 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 .365% 
Fidelity Advisor Freedom 2010 Fund .384% 
Fidelity Advisor Freedom 2015 Fund .404% 
Fidelity Advisor Freedom 2020 Fund .423% 
Fidelity Advisor Freedom 2025 Fund .443% 
Fidelity Advisor Freedom 2030 Fund .462% 
Fidelity Advisor Freedom 2035 Fund .481% 
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% 
Fidelity Advisor Freedom 2065 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 Company LLC (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 Advisor Freedom Income Fund     
Class A -% .25% $81,944 $1,929 
Class M .25% .25% 95,624 267 
Class C .75% .25% 39,597 6,346 
   $217,165 $8,542 
Fidelity Advisor Freedom 2005 Fund     
Class A -% .25% $97,858 $3,373 
Class M .25% .25% 55,600 763 
Class C .75% .25% 8,537 876 
   $161,995 $5,012 
Fidelity Advisor Freedom 2010 Fund     
Class A -% .25% $212,626 $11,991 
Class M .25% .25% 169,238 3,005 
Class C .75% .25% 42,115 2,006 
   $423,979 $17,002 
Fidelity Advisor Freedom 2015 Fund     
Class A -% .25% $475,812 $16,404 
Class M .25% .25% 328,678 3,864 
Class C .75% .25% 107,403 8,776 
   $911,893 $29,044 
Fidelity Advisor Freedom 2020 Fund     
Class A -% .25% $1,077,226 $37,808 
Class M .25% .25% 746,534 4,809 
Class C .75% .25% 249,591 26,118 
   $2,073,351 $68,735 
Fidelity Advisor Freedom 2025 Fund     
Class A -% .25% $1,444,129 $39,646 
Class M .25% .25% 994,636 7,095 
Class C .75% .25% 281,185 41,569 
   $2,719,950 $88,310 
Fidelity Advisor Freedom 2030 Fund     
Class A -% .25% $1,467,261 $39,311 
Class M .25% .25% 1,094,293 9,633 
Class C .75% .25% 310,344 41,235 
   $2,871,898 $90,179 
Fidelity Advisor Freedom 2035 Fund     
Class A -% .25% $1,186,448 $31,301 
Class M .25% .25% 896,363 4,235 
Class C .75% .25% 217,475 36,376 
   $2,300,286 $71,912 
Fidelity Advisor Freedom 2040 Fund     
Class A -% .25% $1,056,036 $28,109 
Class M .25% .25% 825,722 4,048 
Class C .75% .25% 238,897 28,514 
   $2,120,655 $60,671 
Fidelity Advisor Freedom 2045 Fund     
Class A -% .25% $666,716 $19,620 
Class M .25% .25% 520,508 2,978 
Class C .75% .25% 132,661 21,694 
   $1,319,885 $44,292 
Fidelity Advisor Freedom 2050 Fund     
Class A -% .25% $531,428 $14,335 
Class M .25% .25% 414,691 2,299 
Class C .75% .25% 129,271 22,713 
   $1,075,390 $39,347 
Fidelity Advisor Freedom 2055 Fund     
Class A -% .25% $296,360 $6,990 
Class M .25% .25% 223,610 723 
Class C .75% .25% 61,769 13,296 
   $581,739 $21,009 
Fidelity Advisor Freedom 2060 Fund     
Class A -% .25% $104,222 $3,112 
Class M .25% .25% 68,505 13 
Class C .75% .25% 25,396 8,234 
   $198,123 $11,359 
Fidelity Advisor Freedom 2065 Fund     
Class A -% .25% $4,342 $240 
Class M .25% .25% 1,276 422 
Class C .75% .25% 1,172 1,168 
   $6,790 $1,830 

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 Advisor Freedom Income Fund  
Class A $4,357 
Class M 338 
Class C(a) 1,043 
 $5,738 
Fidelity Advisor Freedom 2005 Fund  
Class A $3,296 
Class M 327 
Class C(a) 851 
 $4,474 
Fidelity Advisor Freedom 2010 Fund  
Class A $3,068 
Class M 465 
Class C(a) 354 
 $3,887 
Fidelity Advisor Freedom 2015 Fund  
Class A $4,866 
Class M 344 
Class C(a) 158 
 $5,368 
Fidelity Advisor Freedom 2020 Fund  
Class A $13,067 
Class M 6,116 
Class C(a) 2,150 
 $21,333 
Fidelity Advisor Freedom 2025 Fund  
Class A $36,899 
Class M 8,658 
Class C(a) 6,747 
 $52,304 
Fidelity Advisor Freedom 2030 Fund  
Class A $39,852 
Class M 11,158 
Class C(a) 3,499 
 $54,509 
Fidelity Advisor Freedom 2035 Fund  
Class A $30,919 
Class M 9,861 
Class C(a) 3,511 
 $44,291 
Fidelity Advisor Freedom 2040 Fund  
Class A $34,707 
Class M 8,825 
Class C(a) 2,668 
 $46,200 
Fidelity Advisor Freedom 2045 Fund  
Class A $25,139 
Class M 6,302 
Class C(a) 1,322 
 $32,763 
Fidelity Advisor Freedom 2050 Fund  
Class A $29,572 
Class M 6,018 
Class C(a) 1,447 
 $37,037 
Fidelity Advisor Freedom 2055 Fund  
Class A $19,757 
Class M 4,436 
Class C(a) 1,189 
 $25,382 
Fidelity Advisor Freedom 2060 Fund  
Class A $11,487 
Class M 2,072 
Class C(a) 775 
 $14,334 
Fidelity Advisor Freedom 2065 Fund  
Class A $1,996 
Class M 118 
 $2,114 

 (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. 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.

Other. During the period, the investment adviser reimbursed the Funds for certain losses, which are included in Net Realized Gain (Loss) in each Fund's accompanying Statement of Operations, as follows:

 Amount 
Fidelity Advisor Freedom 2040 Fund $166,798 
Fidelity Advisor Freedom 2045 Fund 103,796 
Fidelity Advisor Freedom 2050 Fund 90,316 
Fidelity Advisor Freedom 2055 Fund 44,484 
Fidelity Advisor Freedom 2060 Fund 13,480 

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 each applicable Fund's or class' expenses. All of the applicable expense reductions are noted in the table below.

 Custodian credits 
Fidelity Advisor Freedom Income Fund $244 
Fidelity Advisor Freedom 2005 Fund 239 
Fidelity Advisor Freedom 2010 Fund 212 
Fidelity Advisor Freedom 2015 Fund 186 
Fidelity Advisor Freedom 2020 Fund 163 
Fidelity Advisor Freedom 2025 Fund 139 
Fidelity Advisor Freedom 2030 Fund 105 
Fidelity Advisor Freedom 2035 Fund 133 
Fidelity Advisor Freedom 2040 Fund 135 
Fidelity Advisor Freedom 2045 Fund 197 
Fidelity Advisor Freedom 2050 Fund 194 
Fidelity Advisor Freedom 2055 Fund 206 
Fidelity Advisor Freedom 2060 Fund 93 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2020 
Year ended
March 31, 2020 
Fidelity Advisor Freedom Income Fund   
Distributions to shareholders   
Class A $970,711 $2,423,973 
Class M 523,090 1,282,366 
Class C 94,102 224,542 
Class I 1,453,849 3,187,584 
Class Z 67,689 83,117 
Class Z6 361,524 919,934 
Total $3,470,965 $8,121,516 
Fidelity Advisor Freedom 2005 Fund   
Distributions to shareholders   
Class A $1,678,254 $3,926,643 
Class M 479,995 1,036,707 
Class C 33,309 72,965 
Class I 1,092,693 2,453,070 
Class Z 66,933 95,869 
Class Z6 62,457 106,803 
Total $3,413,641 $7,692,057 
Fidelity Advisor Freedom 2010 Fund   
Distributions to shareholders   
Class A $4,616,734 $10,723,120 
Class M 1,778,636 3,931,541 
Class C 219,790 507,619 
Class I 3,102,743 7,362,100 
Class Z 170,638 279,212 
Class Z6 258,886 523,761 
Total $10,147,427 $23,327,353 
Fidelity Advisor Freedom 2015 Fund   
Distributions to shareholders   
Class A $13,893,967 $30,206,562 
Class M 4,749,811 9,667,183 
Class C 745,916 1,619,054 
Class I 9,238,605 19,784,592 
Class Z 597,821 950,751 
Class Z6 578,402 1,242,355 
Total $29,804,522 $63,470,497 
Fidelity Advisor Freedom 2020 Fund   
Distributions to shareholders   
Class A $32,144,798 $66,525,410 
Class M 10,813,981 21,770,194 
Class C 1,784,413 3,483,167 
Class I 26,695,082 53,090,515 
Class Z 1,342,006 1,673,674 
Class Z6 2,416,143 3,930,457 
Total $75,196,423 $150,473,417 
Fidelity Advisor Freedom 2025 Fund   
Distributions to shareholders   
Class A $39,084,509 $83,960,534 
Class M 13,399,996 26,603,535 
Class C 1,929,437 3,684,828 
Class I 34,740,512 70,900,166 
Class Z 1,444,106 1,699,890 
Class Z6 3,113,580 4,819,160 
Total $93,712,140 $191,668,113 
Fidelity Advisor Freedom 2030 Fund   
Distributions to shareholders   
Class A $43,296,783 $87,803,333 
Class M 16,104,865 31,097,792 
Class C 2,263,519 4,193,696 
Class I 41,671,339 80,313,250 
Class Z 1,642,068 1,759,031 
Class Z6 3,619,672 5,491,649 
Total $108,598,246 $210,658,751 
Fidelity Advisor Freedom 2035 Fund   
Distributions to shareholders   
Class A $37,761,913 $75,561,562 
Class M 14,482,911 26,999,735 
Class C 1,785,219 3,076,003 
Class I 37,170,931 70,940,899 
Class Z 1,285,679 1,304,695 
Class Z6 2,968,285 4,306,379 
Total $95,454,938 $182,189,273 
Fidelity Advisor Freedom 2040 Fund   
Distributions to shareholders   
Class A $34,943,735 $65,818,691 
Class M 13,823,805 24,948,228 
Class C 2,033,089 3,509,869 
Class I 33,865,094 61,089,389 
Class Z 950,790 789,261 
Class Z6 2,769,614 3,850,649 
Total $88,386,127 $160,006,087 
Fidelity Advisor Freedom 2045 Fund   
Distributions to shareholders   
Class A $19,759,842 $38,958,921 
Class M 7,910,733 14,899,798 
Class C 996,936 1,718,304 
Class I 22,615,029 43,814,200 
Class Z 732,793 640,990 
Class Z6 1,967,123 2,838,378 
Total $53,982,456 $102,870,591 
Fidelity Advisor Freedom 2050 Fund   
Distributions to shareholders   
Class A $15,943,654 $29,698,088 
Class M 6,362,824 11,795,835 
Class C 979,953 1,660,794 
Class I 19,342,644 36,991,678 
Class Z 496,451 361,923 
Class Z6 1,514,213 1,930,737 
Total $44,639,739 $82,439,055 
Fidelity Advisor Freedom 2055 Fund   
Distributions to shareholders   
Class A $8,500,695 $14,501,911 
Class M 3,236,491 5,537,976 
Class C 437,951 686,009 
Class I 11,780,864 22,820,123 
Class Z 258,356 182,309 
Class Z6 1,023,227 1,125,155 
Total $25,237,584 $44,853,483 
Fidelity Advisor Freedom 2060 Fund   
Distributions to shareholders   
Class A $2,591,840 $3,975,561 
Class M 856,255 1,289,398 
Class C 158,245 231,466 
Class I 3,515,246 5,368,074 
Class Z 61,063 48,289 
Class Z6 290,253 251,539 
Total $7,472,902 $11,164,327 
Fidelity Advisor Freedom 2065 Fund(a)   
Distributions to shareholders   
Class A $35,977 $16,986 
Class M 5,346 3,436 
Class C 2,732 2,276 
Class I 41,306 23,019 
Class Z 2,661 3,116 
Class Z6 12,874 5,332 
Total $100,896 $54,165 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 
 Six months ended September 30, 2020 Year ended March 31, 2020 Six months ended September 30, 2020 Year ended March 31, 2020 
Fidelity Advisor Freedom Income Fund     
Class A     
Shares sold 760,435 1,474,305 $8,367,026 $16,054,996 
Reinvestment of distributions 88,380 217,652 949,448 2,374,345 
Shares redeemed (778,568) (2,296,205) (8,552,029) (24,989,979) 
Net increase (decrease) 70,247 (604,248) $764,445 $(6,560,638) 
Class M     
Shares sold 386,721 1,045,095 $4,249,333 $11,406,267 
Reinvestment of distributions 48,062 115,197 514,934 1,255,169 
Shares redeemed (424,164) (1,255,464) (4,660,488) (13,615,186) 
Net increase (decrease) 10,619 (95,172) $103,779 $(953,750) 
Class C     
Shares sold 79,538 148,130 $884,462 $1,625,978 
Reinvestment of distributions 8,175 19,450 87,035 211,662 
Shares redeemed (117,698) (242,456) (1,294,411) (2,631,225) 
Net increase (decrease) (29,985) (74,876) $(322,914) $(793,585) 
Class I     
Shares sold 1,410,563 2,861,021 $15,536,197 $31,331,217 
Reinvestment of distributions 131,637 285,448 1,421,388 3,126,751 
Shares redeemed (1,571,801) (2,935,596) (17,527,965) (31,912,962) 
Net increase (decrease) (29,601) 210,873 $(570,380) $2,545,006 
Class Z     
Shares sold 651,202 349,390 $7,295,544 $3,804,519 
Reinvestment of distributions 5,391 7,553 58,354 83,116 
Shares redeemed (202,719) (130,745) (2,290,603) (1,438,486) 
Net increase (decrease) 453,874 226,198 $5,063,295 $2,449,149 
Class Z6     
Shares sold 385,120 213,312 $4,232,242 $2,437,545 
Reinvestment of distributions 33,523 59,710 361,524 663,526 
Shares redeemed (553,613) (575,524) (6,059,802) (6,297,794) 
Net increase (decrease) (134,970) (302,502) $(1,466,036) $(3,196,723) 
Fidelity Advisor Freedom 2005 Fund     
Class A     
Shares sold 609,644 2,126,648 $6,987,752 $24,477,847 
Reinvestment of distributions 147,697 333,117 1,626,130 3,811,456 
Shares redeemed (806,375) (3,285,468) (9,249,159) (37,868,950) 
Net increase (decrease) (49,034) (825,703) $(635,277) $(9,579,647) 
Class M     
Shares sold 239,490 675,503 $2,738,209 $7,757,805 
Reinvestment of distributions 43,573 90,492 479,302 1,035,277 
Shares redeemed (506,708) (818,053) (5,763,183) (9,258,163) 
Net increase (decrease) (223,645) (52,058) $(2,545,672) $(465,081) 
Class C     
Shares sold 6,470 27,850 $73,353 $321,622 
Reinvestment of distributions 2,801 5,945 30,891 68,180 
Shares redeemed (13,647) (85,228) (156,088) (967,289) 
Net increase (decrease) (4,376) (51,433) $(51,844) $(577,487) 
Class I     
Shares sold 758,304 1,895,410 $8,664,583 $21,602,810 
Reinvestment of distributions 97,997 212,052 1,086,791 2,447,375 
Shares redeemed (748,286) (2,098,573) (8,680,891) (24,092,280) 
Net increase (decrease) 108,015 8,889 $1,070,483 $(42,095) 
Class Z     
Shares sold 85,195 330,618 $990,635 $3,792,311 
Reinvestment of distributions 6,068 8,317 66,933 95,869 
Shares redeemed (44,060) (87,924) (518,257) (996,354) 
Net increase (decrease) 47,203 251,011 $539,311 $2,891,826 
Class Z6     
Shares sold 103,118 215,744 $1,199,500 $2,504,485 
Reinvestment of distributions 5,647 9,274 62,457 106,802 
Shares redeemed (36,239) (143,631) (422,250) (1,615,249) 
Net increase (decrease) 72,526 81,387 $839,707 $996,038 
Fidelity Advisor Freedom 2010 Fund     
Class A     
Shares sold 891,812 2,653,509 $10,419,549 $31,374,639 
Reinvestment of distributions 406,922 895,022 4,545,303 10,562,784 
Shares redeemed (2,169,285) (5,564,975) (25,345,031) (65,684,572) 
Net increase (decrease) (870,551) (2,016,444) $(10,380,179) $(23,747,149) 
Class M     
Shares sold 357,120 1,039,036 $4,148,979 $12,253,878 
Reinvestment of distributions 159,500 333,353 1,773,640 3,920,662 
Shares redeemed (781,411) (1,555,210) (9,086,098) (18,091,595) 
Net increase (decrease) (264,791) (182,821) $(3,163,479) $(1,917,055) 
Class C     
Shares sold 14,690 104,548 $171,104 $1,225,693 
Reinvestment of distributions 19,236 42,133 213,139 493,186 
Shares redeemed (117,267) (301,798) (1,351,091) (3,480,292) 
Net increase (decrease) (83,341) (155,117) $(966,848) $(1,761,413) 
Class I     
Shares sold 948,712 2,389,125 $11,102,177 $28,347,243 
Reinvestment of distributions 270,759 606,022 3,035,204 7,181,497 
Shares redeemed (1,487,535) (4,367,927) (17,542,645) (51,980,482) 
Net increase (decrease) (268,064) (1,372,780) $(3,405,264) $(16,451,742) 
Class Z     
Shares sold 71,362 555,656 $826,315 $6,535,070 
Reinvestment of distributions 15,148 23,193 168,900 275,209 
Shares redeemed (49,858) (62,574) (581,885) (732,555) 
Net increase (decrease) 36,652 516,275 $413,330 $6,077,724 
Class Z6     
Shares sold 223,607 391,370 $2,681,339 $4,701,985 
Reinvestment of distributions 23,156 44,154 258,886 523,761 
Shares redeemed (160,196) (231,568) (1,857,994) (2,750,758) 
Net increase (decrease) 86,567 203,956 $1,082,231 $2,474,988 
Fidelity Advisor Freedom 2015 Fund     
Class A     
Shares sold 1,649,522 4,402,418 $18,884,685 $52,165,534 
Reinvestment of distributions 1,262,272 2,543,008 13,758,765 29,945,413 
Shares redeemed (4,428,930) (13,727,846) (50,697,814) (161,245,372) 
Net increase (decrease) (1,517,136) (6,782,420) $(18,054,364) $(79,134,425) 
Class M     
Shares sold 531,340 1,450,657 $6,126,161 $17,063,991 
Reinvestment of distributions 434,812 817,435 4,726,404 9,607,065 
Shares redeemed (1,356,976) (3,610,651) (15,517,913) (42,260,524) 
Net increase (decrease) (390,824) (1,342,559) $(4,665,348) $(15,589,468) 
Class C     
Shares sold 72,527 175,415 $826,382 $2,043,567 
Reinvestment of distributions 68,510 137,152 740,592 1,599,094 
Shares redeemed (227,140) (1,092,284) (2,599,135) (12,767,811) 
Net increase (decrease) (86,103) (779,717) $(1,032,161) $(9,125,150) 
Class I     
Shares sold 1,813,491 5,287,109 $20,973,250 $62,997,820 
Reinvestment of distributions 829,130 1,636,083 9,112,144 19,437,229 
Shares redeemed (3,723,258) (10,477,798) (43,519,890) (124,546,232) 
Net increase (decrease) (1,080,637) (3,554,606) $(13,434,496) $(42,111,183) 
Class Z     
Shares sold 290,824 1,597,817 $3,368,693 $18,810,995 
Reinvestment of distributions 52,631 75,903 574,735 904,608 
Shares redeemed (374,954) (299,339) (4,315,866) (3,522,651) 
Net increase (decrease) (31,499) 1,374,381 $(372,438) $16,192,952 
Class Z6     
Shares sold 466,937 683,392 $5,380,310 $8,108,663 
Reinvestment of distributions 52,121 102,968 571,247 1,220,747 
Shares redeemed (220,426) (750,829) (2,481,123) (8,868,598) 
Net increase (decrease) 298,632 35,531 $3,470,434 $460,812 
Fidelity Advisor Freedom 2020 Fund     
Class A     
Shares sold 4,531,042 12,498,182 $56,622,129 $162,411,933 
Reinvestment of distributions 2,660,056 5,079,983 31,707,866 65,809,040 
Shares redeemed (10,274,202) (28,851,632) (129,451,823) (371,420,567) 
Net increase (decrease) (3,083,104) (11,273,467) $(41,121,828) $(143,199,594) 
Class M     
Shares sold 1,538,270 4,286,801 $19,392,874 $55,583,047 
Reinvestment of distributions 903,042 1,671,581 10,755,227 21,651,546 
Shares redeemed (3,370,841) (8,770,608) (42,531,092) (112,935,739) 
Net increase (decrease) (929,529) (2,812,226) $(12,382,991) $(35,701,146) 
Class C     
Shares sold 272,791 552,093 $3,377,772 $7,120,558 
Reinvestment of distributions 148,123 265,912 1,749,338 3,410,332 
Shares redeemed (595,746) (1,684,099) (7,401,728) (21,619,753) 
Net increase (decrease) (174,832) (866,094) $(2,274,618) $(11,088,863) 
Class I     
Shares sold 6,222,538 15,187,982 $78,714,801 $198,644,077 
Reinvestment of distributions 2,188,717 3,997,350 26,308,377 52,236,295 
Shares redeemed (10,356,172) (24,252,070) (133,030,894) (315,446,604) 
Net increase (decrease) (1,944,917) (5,066,738) $(28,007,716) $(64,566,232) 
Class Z     
Shares sold 360,658 2,921,609 $4,521,489 $38,182,521 
Reinvestment of distributions 110,652 124,275 1,320,077 1,629,425 
Shares redeemed (294,677) (397,746) (3,715,241) (5,086,628) 
Net increase (decrease) 176,633 2,648,138 $2,126,325 $34,725,318 
Class Z6     
Shares sold 1,212,745 2,133,469 $15,462,441 $27,982,829 
Reinvestment of distributions 199,479 298,986 2,387,769 3,907,905 
Shares redeemed (958,414) (1,017,958) (12,182,783) (13,058,618) 
Net increase (decrease) 453,810 1,414,497 $5,667,427 $18,832,116 
Fidelity Advisor Freedom 2025 Fund     
Class A     
Shares sold 7,896,389 17,315,893 $100,100,580 $225,669,707 
Reinvestment of distributions 3,256,916 6,441,432 38,887,577 83,564,674 
Shares redeemed (12,460,409) (33,768,087) (158,729,751) (434,599,449) 
Net increase (decrease) (1,307,104) (10,010,762) $(19,741,594) $(125,365,068) 
Class M     
Shares sold 2,241,408 5,595,595 $28,414,050 $72,849,182 
Reinvestment of distributions 1,113,404 2,029,720 13,316,311 26,386,492 
Shares redeemed (4,458,521) (8,866,357) (57,074,974) (115,146,507) 
Net increase (decrease) (1,103,709) (1,241,042) $(15,344,613) $(15,910,833) 
Class C     
Shares sold 284,445 782,061 $3,563,154 $9,966,650 
Reinvestment of distributions 162,008 284,019 1,900,355 3,620,205 
Shares redeemed (605,185) (1,578,414) (7,572,555) (19,998,108) 
Net increase (decrease) (158,732) (512,334) $(2,109,046) $(6,411,253) 
Class I     
Shares sold 8,954,692 23,304,850 $114,646,576 $306,164,622 
Reinvestment of distributions 2,828,780 5,301,356 34,115,092 69,500,571 
Shares redeemed (13,203,867) (30,671,243) (171,078,894) (400,738,293) 
Net increase (decrease) (1,420,395) (2,065,037) $(22,317,226) $(25,073,100) 
Class Z     
Shares sold 454,492 3,394,075 $5,694,837 $44,603,333 
Reinvestment of distributions 120,633 128,889 1,442,770 1,697,164 
Shares redeemed (339,054) (620,071) (4,320,551) (7,982,193) 
Net increase (decrease) 236,071 2,902,893 $2,817,056 $38,318,304 
Class Z6     
Shares sold 1,853,279 3,497,762 $23,438,040 $46,291,426 
Reinvestment of distributions 258,418 376,735 3,103,597 4,935,899 
Shares redeemed (1,036,291) (1,482,373) (13,384,686) (19,297,811) 
Net increase (decrease) 1,075,406 2,392,124 $13,156,951 $31,929,514 
Fidelity Advisor Freedom 2030 Fund     
Class A     
Shares sold 7,055,340 16,206,403 $95,548,665 $226,539,374 
Reinvestment of distributions 3,382,952 6,265,438 42,963,484 87,212,669 
Shares redeemed (11,284,440) (28,547,452) (154,383,480) (393,579,788) 
Net increase (decrease) (846,148) (6,075,611) $(15,871,331) $(79,827,745) 
Class M     
Shares sold 2,566,459 6,485,892 $34,567,055 $90,170,952 
Reinvestment of distributions 1,265,889 2,224,684 15,975,521 30,795,975 
Shares redeemed (4,119,910) (9,040,278) (55,476,191) (124,863,441) 
Net increase (decrease) (287,562) (329,702) $(4,933,615) $(3,896,514) 
Class C     
Shares sold 311,149 808,317 $4,124,399 $11,113,474 
Reinvestment of distributions 180,353 303,489 2,238,186 4,134,298 
Shares redeemed (496,537) (1,298,218) (6,543,266) (17,796,138) 
Net increase (decrease) (5,035) (186,412) $(180,681) $(2,548,366) 
Class I     
Shares sold 9,749,296 22,989,540 $132,724,755 $322,959,549 
Reinvestment of distributions 3,172,199 5,564,283 40,508,983 78,045,729 
Shares redeemed (13,191,803) (27,132,171) (183,504,571) (380,597,580) 
Net increase (decrease) (270,308) 1,421,652 $(10,270,833) $20,407,698 
Class Z     
Shares sold 535,910 3,216,856 $7,179,444 $44,863,622 
Reinvestment of distributions 129,187 124,056 1,638,094 1,756,540 
Shares redeemed (275,081) (433,722) (3,734,066) (6,132,293) 
Net increase (decrease) 390,016 2,907,190 $5,083,472 $40,487,869 
Class Z6     
Shares sold 1,700,826 3,290,469 $23,326,440 $46,464,736 
Reinvestment of distributions 284,343 391,952 3,616,839 5,510,782 
Shares redeemed (782,062) (1,151,322) (10,739,720) (16,177,112) 
Net increase (decrease) 1,203,107 2,531,099 $16,203,559 $35,798,406 
Fidelity Advisor Freedom 2035 Fund     
Class A     
Shares sold 6,100,722 14,424,285 $78,928,740 $194,409,564 
Reinvestment of distributions 3,123,861 5,596,454 37,580,052 75,230,574 
Shares redeemed (9,552,033) (23,625,076) (125,095,661) (313,294,772) 
Net increase (decrease) (327,450) (3,604,337) $(8,586,869) $(43,654,634) 
Class M     
Shares sold 2,368,617 5,593,464 $30,401,323 $74,655,471 
Reinvestment of distributions 1,213,502 2,020,285 14,416,398 26,865,170 
Shares redeemed (3,662,208) (7,432,819) (47,585,426) (98,813,575) 
Net increase (decrease) (80,089) 180,930 $(2,767,705) $2,707,066 
Class C     
Shares sold 280,798 606,636 $3,506,284 $7,886,217 
Reinvestment of distributions 151,709 232,876 1,761,339 3,028,444 
Shares redeemed (384,451) (801,700) (4,815,625) (10,409,900) 
Net increase (decrease) 48,056 37,812 $451,998 $504,761 
Class I     
Shares sold 9,215,734 21,186,294 $119,696,321 $286,873,574 
Reinvestment of distributions 2,963,891 5,048,332 35,981,637 68,566,941 
Shares redeemed (12,310,852) (22,548,007) (164,307,395) (306,098,532) 
Net increase (decrease) (131,227) 3,686,619 $(8,629,437) $49,341,983 
Class Z     
Shares sold 506,089 2,554,133 $6,458,108 $34,771,823 
Reinvestment of distributions 105,927 94,727 1,275,359 1,301,007 
Shares redeemed (202,289) (417,420) (2,662,761) (5,727,643) 
Net increase (decrease) 409,727 2,231,440 $5,070,706 $30,345,187 
Class Z6     
Shares sold 1,642,788 3,053,093 $21,561,478 $41,768,708 
Reinvestment of distributions 245,088 323,069 2,968,018 4,397,759 
Shares redeemed (614,524) (1,162,043) (8,035,261) (15,719,663) 
Net increase (decrease) 1,273,352 2,214,119 $16,494,235 $30,446,804 
Fidelity Advisor Freedom 2040 Fund     
Class A     
Shares sold 5,561,808 11,840,045 $76,375,694 $170,207,574 
Reinvestment of distributions 2,724,991 4,564,793 34,716,383 65,435,695 
Shares redeemed (8,927,896) (19,121,121) (124,108,456) (270,072,619) 
Net increase (decrease) (641,097) (2,716,283) $(13,016,379) $(34,429,350) 
Class M     
Shares sold 1,904,755 4,528,005 $25,941,408 $64,920,774 
Reinvestment of distributions 1,085,039 1,738,651 13,725,741 24,738,913 
Shares redeemed (3,355,046) (7,082,606) (46,204,505) (101,386,761) 
Net increase (decrease) (365,252) (815,950) $(6,537,356) $(11,727,074) 
Class C     
Shares sold 201,688 466,099 $2,698,088 $6,525,727 
Reinvestment of distributions 163,923 251,909 2,019,534 3,492,400 
Shares redeemed (351,122) (1,003,555) (4,691,683) (14,109,320) 
Net increase (decrease) 14,489 (285,547) $25,939 $(4,091,193) 
Class I     
Shares sold 7,982,157 17,756,004 $110,216,662 $255,999,975 
Reinvestment of distributions 2,556,847 4,093,941 32,829,916 59,230,605 
Shares redeemed (10,947,522) (18,933,830) (156,339,536) (274,181,249) 
Net increase (decrease) (408,518) 2,916,115 $(13,292,958) $41,049,331 
Class Z     
Shares sold 488,424 1,724,653 $6,648,902 $24,792,851 
Reinvestment of distributions 74,322 52,962 946,862 781,656 
Shares redeemed (151,853) (224,624) (2,085,842) (3,265,403) 
Net increase (decrease) 410,893 1,552,991 $5,509,922 $22,309,104 
Class Z6     
Shares sold 1,269,946 2,387,707 $17,632,260 $34,943,439 
Reinvestment of distributions 216,117 269,193 2,768,453 3,906,074 
Shares redeemed (634,828) (755,102) (8,939,245) (10,869,881) 
Net increase (decrease) 851,235 1,901,798 $11,461,468 $27,979,632 
Fidelity Advisor Freedom 2045 Fund     
Class A     
Shares sold 5,572,965 12,576,422 $60,068,145 $141,507,919 
Reinvestment of distributions 1,972,190 3,477,587 19,721,912 38,917,915 
Shares redeemed (7,642,651) (15,971,998) (83,372,950) (177,041,754) 
Net increase (decrease) (97,496) 82,011 $(3,582,893) $3,384,080 
Class M     
Shares sold 2,021,132 4,672,530 $21,575,645 $51,891,372 
Reinvestment of distributions 798,513 1,342,659 7,897,293 14,870,122 
Shares redeemed (3,189,863) (5,380,024) (34,095,400) (59,627,514) 
Net increase (decrease) (370,218) 635,165 $(4,622,462) $7,133,980 
Class C     
Shares sold 236,014 458,819 $2,483,819 $5,033,171 
Reinvestment of distributions 102,202 157,375 992,384 1,711,388 
Shares redeemed (242,807) (485,675) (2,603,170) (5,287,165) 
Net increase (decrease) 95,409 130,519 $873,033 $1,457,394 
Class I     
Shares sold 8,426,120 20,017,077 $91,337,192 $225,404,118 
Reinvestment of distributions 2,153,773 3,724,249 21,710,029 42,082,532 
Shares redeemed (11,469,054) (19,394,240) (129,176,960) (220,868,936) 
Net increase (decrease) (889,161) 4,347,086 $(16,129,739) $46,617,714 
Class Z     
Shares sold 401,082 1,883,456 $4,278,754 $21,330,846 
Reinvestment of distributions 73,191 55,687 731,911 639,417 
Shares redeemed (170,953) (279,216) (1,865,402) (3,168,961) 
Net increase (decrease) 303,320 1,659,927 $3,145,263 $18,801,302 
Class Z6     
Shares sold 1,710,152 2,348,359 $18,826,404 $26,795,871 
Reinvestment of distributions 195,539 257,658 1,967,123 2,917,396 
Shares redeemed (547,979) (647,308) (6,048,470) (7,218,547) 
Net increase (decrease) 1,357,712 1,958,709 $14,745,057 $22,494,720 
Fidelity Advisor Freedom 2050 Fund     
Class A     
Shares sold 5,344,794 11,553,682 $57,434,553 $129,656,837 
Reinvestment of distributions 1,594,488 2,653,369 15,912,991 29,642,295 
Shares redeemed (5,974,491) (13,103,116) (65,248,932) (145,401,914) 
Net increase (decrease) 964,791 1,103,935 $8,098,612 $13,897,218 
Class M     
Shares sold 1,772,731 4,348,376 $18,970,953 $48,432,256 
Reinvestment of distributions 640,599 1,061,461 6,348,338 11,762,431 
Shares redeemed (2,699,908) (5,471,716) (29,146,189) (60,880,969) 
Net increase (decrease) (286,578) (61,879) $(3,826,898) $(686,282) 
Class C     
Shares sold 258,152 431,780 $2,720,110 $4,743,004 
Reinvestment of distributions 100,323 151,640 977,145 1,653,252 
Shares redeemed (226,821) (611,711) (2,435,955) (6,684,997) 
Net increase (decrease) 131,654 (28,291) $1,261,300 $(288,741) 
Class I     
Shares sold 7,569,638 17,804,353 $82,012,801 $200,570,042 
Reinvestment of distributions 1,843,169 3,151,534 18,542,283 35,564,424 
Shares redeemed (9,175,220) (17,873,584) (102,871,436) (204,260,577) 
Net increase (decrease) 237,587 3,082,303 $(2,316,352) $31,873,889 
Class Z     
Shares sold 340,622 1,300,654 $3,641,221 $14,723,895 
Reinvestment of distributions 49,675 31,303 496,258 361,863 
Shares redeemed (135,283) (179,414) (1,452,169) (2,046,070) 
Net increase (decrease) 255,014 1,152,543 $2,685,310 $13,039,688 
Class Z6     
Shares sold 1,488,831 2,118,577 $16,090,491 $24,102,651 
Reinvestment of distributions 150,796 178,369 1,513,989 2,013,088 
Shares redeemed (367,372) (651,542) (4,065,707) (7,273,624) 
Net increase (decrease) 1,272,255 1,645,404 $13,538,773 $18,842,115 
Fidelity Advisor Freedom 2055 Fund     
Class A     
Shares sold 3,592,144 7,425,778 $43,242,974 $93,033,169 
Reinvestment of distributions 759,221 1,162,536 8,472,909 14,475,535 
Shares redeemed (3,101,612) (6,849,196) (37,701,669) (85,650,199) 
Net increase (decrease) 1,249,753 1,739,118 $14,014,214 $21,858,505 
Class M     
Shares sold 1,176,022 2,558,602 $14,104,387 $31,817,231 
Reinvestment of distributions 291,645 447,013 3,231,425 5,524,763 
Shares redeemed (1,140,415) (2,546,903) (13,794,873) (31,732,087) 
Net increase (decrease) 327,252 458,712 $3,540,939 $5,609,907 
Class C     
Shares sold 136,127 219,568 $1,610,793 $2,704,771 
Reinvestment of distributions 39,795 56,069 437,352 686,005 
Shares redeemed (49,070) (202,713) (581,253) (2,497,024) 
Net increase (decrease) 126,852 72,924 $1,466,892 $893,752 
Class I     
Shares sold 4,940,621 12,405,149 $59,442,751 $155,504,060 
Reinvestment of distributions 983,584 1,715,370 11,035,813 21,518,680 
Shares redeemed (5,050,032) (12,690,451) (62,621,458) (163,071,693) 
Net increase (decrease) 874,173 1,430,068 $7,857,106 $13,951,047 
Class Z     
Shares sold 202,576 627,717 $2,399,141 $7,952,014 
Reinvestment of distributions 23,213 14,240 258,356 182,308 
Shares redeemed (76,901) (126,620) (936,306) (1,539,918) 
Net increase (decrease) 148,888 515,337 $1,721,191 $6,594,404 
Class Z6     
Shares sold 844,691 1,491,393 $10,091,727 $18,936,714 
Reinvestment of distributions 91,432 92,350 1,023,124 1,160,720 
Shares redeemed (340,331) (345,849) (4,107,932) (4,393,860) 
Net increase (decrease) 595,792 1,237,894 $7,006,919 $15,703,574 
Fidelity Advisor Freedom 2060 Fund     
Class A     
Shares sold 1,988,341 4,341,099 $21,744,608 $48,600,678 
Reinvestment of distributions 256,121 351,563 2,589,378 3,973,334 
Shares redeemed (1,160,419) (2,688,980) (12,818,955) (30,043,199) 
Net increase (decrease) 1,084,043 2,003,682 $11,515,031 $22,530,813 
Class M     
Shares sold 703,042 1,320,400 $7,664,004 $14,892,485 
Reinvestment of distributions 84,946 114,393 856,255 1,289,398 
Shares redeemed (422,888) (835,109) (4,624,995) (9,421,193) 
Net increase (decrease) 365,100 599,684 $3,895,264 $6,760,690 
Class C     
Shares sold 90,616 154,032 $969,086 $1,725,988 
Reinvestment of distributions 15,708 20,633 158,022 231,410 
Shares redeemed (42,483) (79,153) (455,037) (893,469) 
Net increase (decrease) 63,841 95,512 $672,071 $1,063,929 
Class I     
Shares sold 2,904,922 6,260,268 $31,624,056 $70,805,650 
Reinvestment of distributions 324,090 440,804 3,289,511 5,023,075 
Shares redeemed (2,281,712) (3,584,371) (25,922,332) (41,078,932) 
Net increase (decrease) 947,300 3,116,701 $8,991,235 $34,749,793 
Class Z     
Shares sold 72,434 184,538 $789,115 $2,099,627 
Reinvestment of distributions 6,046 4,169 61,063 48,196 
Shares redeemed (28,740) (54,214) (312,941) (614,581) 
Net increase (decrease) 49,740 134,493 $537,237 $1,533,242 
Class Z6     
Shares sold 440,572 573,547 $4,728,519 $6,528,282 
Reinvestment of distributions 28,625 22,373 290,253 256,501 
Shares redeemed (116,556) (136,889) (1,271,834) (1,535,551) 
Net increase (decrease) 352,641 459,031 $3,746,938 $5,249,232 
Fidelity Advisor Freedom 2065 Fund(a)     
Class A     
Shares sold 270,607 270,091 $2,688,929 $2,643,573 
Reinvestment of distributions 3,906 1,593 35,977 16,986 
Shares redeemed (54,826) (37,938) (547,998) (368,426) 
Net increase (decrease) 219,687 233,746 $2,176,908 $2,292,133 
Class M     
Shares sold 28,521 40,888 $283,310 $400,716 
Reinvestment of distributions 580 322 5,346 3,436 
Shares redeemed (7,315) (1,983) (75,800) (18,273) 
Net increase (decrease) 21,786 39,227 $212,856 $385,879 
Class C     
Shares sold 4,123 21,460 $40,979 $213,694 
Reinvestment of distributions 297 213 2,732 2,276 
Shares redeemed (1,187) (1) (12,359) (15) 
Net increase (decrease) 3,233 21,672 $31,352 $215,955 
Class I     
Shares sold 263,077 311,028 $2,615,824 $3,116,572 
Reinvestment of distributions 4,480 2,157 41,306 23,020 
Shares redeemed (93,262) (32,218) (958,734) (335,104) 
Net increase (decrease) 174,295 280,967 $1,698,396 $2,804,488 
Class Z     
Shares sold 6,732 20,936 $67,539 $207,081 
Reinvestment of distributions 288 292 2,661 3,116 
Shares redeemed (878) (498) (9,399) (4,717) 
Net increase (decrease) 6,142 20,730 $60,801 $205,480 
Class Z6     
Shares sold 19,431 106,399 $195,935 $1,110,643 
Reinvestment of distributions 1,393 499 12,874 5,331 
Shares redeemed (67,506) (419) (621,715) (4,427) 
Net increase (decrease) (46,682) 106,479 $(412,906) $1,111,547 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 mutual 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 mutual 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 following underlying mutual 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 11% 14% 15% 15% 10% 
Fidelity Advisor Series Growth Opportunities Fund 11% 14% 15% 15% 10% 
Fidelity Advisor Series Small Cap Fund 11% 14% 15% 15% 10% 

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

Fund % of shares held 
Fidelity Advisor Series Equity Growth Fund  91% 
Fidelity Advisor Series Growth Opportunities Fund  91% 
Fidelity Advisor Series Small Cap Fund  91% 

11. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include 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 a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2020 to September 30, 2020).

Actual Expenses

The first line of the accompanying table 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/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate 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
April 1, 2020 
Ending
Account Value
September 30, 2020 
Expenses Paid
During Period-B
April 1, 2020
to September 30, 2020 
Fidelity Advisor Freedom Income Fund     
Class A .71%    
Actual  $1,000.00 $1,090.90 $3.72 
Hypothetical-C  $1,000.00 $1,021.51 $3.60 
Class M .96%    
Actual  $1,000.00 $1,089.60 $5.03 
Hypothetical-C  $1,000.00 $1,020.26 $4.86 
Class C 1.46%    
Actual  $1,000.00 $1,086.50 $7.64 
Hypothetical-C  $1,000.00 $1,017.75 $7.39 
Class I .46%    
Actual  $1,000.00 $1,092.90 $2.41 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class Z .41%    
Actual  $1,000.00 $1,092.60 $2.15 
Hypothetical-C  $1,000.00 $1,023.01 $2.08 
Class Z6 .37%    
Actual  $1,000.00 $1,093.60 $1.94 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Fidelity Advisor Freedom 2005 Fund     
Class A .71%    
Actual  $1,000.00 $1,106.90 $3.75 
Hypothetical-C  $1,000.00 $1,021.51 $3.60 
Class M .96%    
Actual  $1,000.00 $1,105.40 $5.07 
Hypothetical-C  $1,000.00 $1,020.26 $4.86 
Class C 1.46%    
Actual  $1,000.00 $1,102.60 $7.70 
Hypothetical-C  $1,000.00 $1,017.75 $7.39 
Class I .46%    
Actual  $1,000.00 $1,107.90 $2.43 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class Z .41%    
Actual  $1,000.00 $1,107.80 $2.17 
Hypothetical-C  $1,000.00 $1,023.01 $2.08 
Class Z6 .36%    
Actual  $1,000.00 $1,108.60 $1.90 
Hypothetical-C  $1,000.00 $1,023.26 $1.83 
Fidelity Advisor Freedom 2010 Fund     
Class A .76%    
Actual  $1,000.00 $1,131.30 $4.06 
Hypothetical-C  $1,000.00 $1,021.26 $3.85 
Class M 1.01%    
Actual  $1,000.00 $1,129.20 $5.39 
Hypothetical-C  $1,000.00 $1,020.00 $5.11 
Class C 1.51%    
Actual  $1,000.00 $1,126.20 $8.05 
Hypothetical-C  $1,000.00 $1,017.50 $7.64 
Class I .51%    
Actual  $1,000.00 $1,131.50 $2.73 
Hypothetical-C  $1,000.00 $1,022.51 $2.59 
Class Z .45%    
Actual  $1,000.00 $1,132.50 $2.41 
Hypothetical-C  $1,000.00 $1,022.81 $2.28 
Class Z6 .38%    
Actual  $1,000.00 $1,132.40 $2.03 
Hypothetical-C  $1,000.00 $1,023.16 $1.93 
Fidelity Advisor Freedom 2015 Fund     
Class A .80%    
Actual  $1,000.00 $1,154.80 $4.32 
Hypothetical-C  $1,000.00 $1,021.06 $4.05 
Class M 1.05%    
Actual  $1,000.00 $1,153.50 $5.67 
Hypothetical-C  $1,000.00 $1,019.80 $5.32 
Class C 1.55%    
Actual  $1,000.00 $1,149.90 $8.35 
Hypothetical-C  $1,000.00 $1,017.30 $7.84 
Class I .55%    
Actual  $1,000.00 $1,156.10 $2.97 
Hypothetical-C  $1,000.00 $1,022.31 $2.79 
Class Z .48%    
Actual  $1,000.00 $1,156.40 $2.59 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Class Z6 .40%    
Actual  $1,000.00 $1,156.90 $2.16 
Hypothetical-C  $1,000.00 $1,023.06 $2.03 
Fidelity Advisor Freedom 2020 Fund     
Class A .84%    
Actual  $1,000.00 $1,177.10 $4.58 
Hypothetical-C  $1,000.00 $1,020.86 $4.26 
Class M 1.09%    
Actual  $1,000.00 $1,175.50 $5.94 
Hypothetical-C  $1,000.00 $1,019.60 $5.52 
Class C 1.59%    
Actual  $1,000.00 $1,172.50 $8.66 
Hypothetical-C  $1,000.00 $1,017.10 $8.04 
Class I .59%    
Actual  $1,000.00 $1,178.10 $3.22 
Hypothetical-C  $1,000.00 $1,022.11 $2.99 
Class Z .52%    
Actual  $1,000.00 $1,178.90 $2.84 
Hypothetical-C  $1,000.00 $1,022.46 $2.64 
Class Z6 .42%    
Actual  $1,000.00 $1,179.50 $2.29 
Hypothetical-C  $1,000.00 $1,022.96 $2.13 
Fidelity Advisor Freedom 2025 Fund     
Class A .88%    
Actual  $1,000.00 $1,194.40 $4.84 
Hypothetical-C  $1,000.00 $1,020.66 $4.46 
Class M 1.13%    
Actual  $1,000.00 $1,192.70 $6.21 
Hypothetical-C  $1,000.00 $1,019.40 $5.72 
Class C 1.63%    
Actual  $1,000.00 $1,190.20 $8.95 
Hypothetical-C  $1,000.00 $1,016.90 $8.24 
Class I .63%    
Actual  $1,000.00 $1,196.10 $3.47 
Hypothetical-C  $1,000.00 $1,021.91 $3.19 
Class Z .55%    
Actual  $1,000.00 $1,196.10 $3.03 
Hypothetical-C  $1,000.00 $1,022.31 $2.79 
Class Z6 .44%    
Actual  $1,000.00 $1,197.50 $2.42 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Fidelity Advisor Freedom 2030 Fund     
Class A .93%    
Actual  $1,000.00 $1,219.70 $5.17 
Hypothetical-C  $1,000.00 $1,020.41 $4.71 
Class M 1.18%    
Actual  $1,000.00 $1,218.80 $6.56 
Hypothetical-C  $1,000.00 $1,019.15 $5.97 
Class C 1.68%    
Actual  $1,000.00 $1,215.00 $9.33 
Hypothetical-C  $1,000.00 $1,016.65 $8.49 
Class I .68%    
Actual  $1,000.00 $1,220.90 $3.79 
Hypothetical-C  $1,000.00 $1,021.66 $3.45 
Class Z .59%    
Actual  $1,000.00 $1,222.20 $3.29 
Hypothetical-C  $1,000.00 $1,022.11 $2.99 
Class Z6 .46%    
Actual  $1,000.00 $1,222.60 $2.56 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Fidelity Advisor Freedom 2035 Fund     
Class A .97%    
Actual  $1,000.00 $1,257.00 $5.49 
Hypothetical-C  $1,000.00 $1,020.21 $4.91 
Class M 1.22%    
Actual  $1,000.00 $1,254.60 $6.90 
Hypothetical-C  $1,000.00 $1,018.95 $6.17 
Class C 1.72%    
Actual  $1,000.00 $1,251.90 $9.71 
Hypothetical-C  $1,000.00 $1,016.44 $8.69 
Class I .72%    
Actual  $1,000.00 $1,257.40 $4.07 
Hypothetical-C  $1,000.00 $1,021.46 $3.65 
Class Z .62%    
Actual  $1,000.00 $1,258.60 $3.51 
Hypothetical-C  $1,000.00 $1,021.96 $3.14 
Class Z6 .48%    
Actual  $1,000.00 $1,259.90 $2.72 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Fidelity Advisor Freedom 2040 Fund     
Class A 1.00%    
Actual  $1,000.00 $1,276.60 $5.71 
Hypothetical-C  $1,000.00 $1,020.05 $5.06 
Class M 1.25%    
Actual  $1,000.00 $1,275.10 $7.13 
Hypothetical-C  $1,000.00 $1,018.80 $6.33 
Class C 1.74%    
Actual  $1,000.00 $1,271.50 $9.91 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,277.90 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,278.30 $3.66 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,280.50 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Advisor Freedom 2045 Fund     
Class A 1.00%    
Actual  $1,000.00 $1,277.00 $5.71 
Hypothetical-C  $1,000.00 $1,020.05 $5.06 
Class M 1.25%    
Actual  $1,000.00 $1,274.30 $7.13 
Hypothetical-C  $1,000.00 $1,018.80 $6.33 
Class C 1.74%    
Actual  $1,000.00 $1,272.40 $9.91 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,278.10 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,279.20 $3.66 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,279.80 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Advisor Freedom 2050 Fund     
Class A 1.00%    
Actual  $1,000.00 $1,275.70 $5.70 
Hypothetical-C  $1,000.00 $1,020.05 $5.06 
Class M 1.25%    
Actual  $1,000.00 $1,274.50 $7.13 
Hypothetical-C  $1,000.00 $1,018.80 $6.33 
Class C 1.74%    
Actual  $1,000.00 $1,271.00 $9.91 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,278.00 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,279.00 $3.66 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,279.70 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Advisor Freedom 2055 Fund     
Class A 1.00%    
Actual  $1,000.00 $1,276.20 $5.71 
Hypothetical-C  $1,000.00 $1,020.05 $5.06 
Class M 1.24%    
Actual  $1,000.00 $1,274.20 $7.07 
Hypothetical-C  $1,000.00 $1,018.85 $6.28 
Class C 1.74%    
Actual  $1,000.00 $1,271.40 $9.91 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,278.00 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,278.00 $3.65 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,279.60 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Advisor Freedom 2060 Fund     
Class A .99%    
Actual  $1,000.00 $1,276.90 $5.65 
Hypothetical-C  $1,000.00 $1,020.10 $5.01 
Class M 1.24%    
Actual  $1,000.00 $1,275.40 $7.07 
Hypothetical-C  $1,000.00 $1,018.85 $6.28 
Class C 1.74%    
Actual  $1,000.00 $1,271.30 $9.91 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,277.00 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,279.00 $3.66 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,279.50 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Fidelity Advisor Freedom 2065 Fund     
Class A .99%    
Actual  $1,000.00 $1,275.80 $5.65 
Hypothetical-C  $1,000.00 $1,020.10 $5.01 
Class M 1.24%    
Actual  $1,000.00 $1,272.80 $7.06 
Hypothetical-C  $1,000.00 $1,018.85 $6.28 
Class C 1.74%    
Actual  $1,000.00 $1,269.60 $9.90 
Hypothetical-C  $1,000.00 $1,016.34 $8.80 
Class I .75%    
Actual  $1,000.00 $1,277.10 $4.28 
Hypothetical-C  $1,000.00 $1,021.31 $3.80 
Class Z .64%    
Actual  $1,000.00 $1,276.90 $3.65 
Hypothetical-C  $1,000.00 $1,021.86 $3.24 
Class Z6 .49%    
Actual  $1,000.00 $1,277.90 $2.80 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 

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

 B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom Funds

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

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

At its September 2020 meeting, the Board unanimously determined to renew each fund's Advisory Contract. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services provided by and the profits realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and are realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that each fund pays an all-inclusive management fee that covers all operating expenses of the fund, subject to certain exceptions, and varies by class (unified fee) and the underlying Fidelity funds in which the fund invests (Series Funds) do not pay expenses, with certain limited exceptions. The Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds previously formed a joint ad hoc committee to review the responsibilities of each board related to the consideration of the renewal of the Advisory Contracts for the funds, other funds that invest substantially all of their assets in Series Funds, and the Series Funds. The Board's deliberations were informed by the conclusions of such committee.

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

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

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the funds notwithstanding the severe disruptions caused by the COVID-19 pandemic.

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

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

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

Investment Performance (for each fund except Fidelity Advisor Freedom 2065 Fund).  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions that occur at Board meetings throughout the year with representatives of the investment adviser about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more appropriate securities market indices, including a customized blended index that reflects the respective weights of the fund's asset classes (each a benchmark index). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance. For Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2055 Fund, Fidelity Advisor Freedom 2060 Fund, and Fidelity Advisor Freedom Income Fund, each fund underperformed its benchmark for the one- and three-year periods ended May 31, 2020, and as a result, the Board continues to engage in discussions with FMR about the steps it is taking to address the fund's performance.

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

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods. Due to the characteristics of the funds, no peer group performance information was considered by the Board. The Independent Trustees recognize that shareholders who are not investing through a tax-advantaged retirement account also consider tax consequences in evaluating performance.

Investment Performance (for Fidelity Advisor Freedom 2065 Fund).  The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. As the fund recently commenced operations, the Board did not believe that it was appropriate to assign significant weight to its limited investment performance.

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

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

Management Fee.  The Board considered two proprietary management fee comparisons. The group of Lipper funds used by the Board for management fee comparisons is referred to as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, also was considered by the Board.

The Board compared each fund's class-level management fee rate for the current fiscal year relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's unified fee arrangement covers all operating expenses of the fund, subject to certain exceptions, and that the fee structures of the majority of peer funds do not include top-level management fees, similar to the fee structure in place for each fund prior to June 1, 2017. The Board also noted that the primary comparisons for the funds are against active and passive competitor target date funds. The Board also noted that the funds' total expense comparisons, which include the expenses of the Series Funds, facilitate better comparisons with funds and classes that use different expense structures and that, when compared to the total expenses of their load-type competitors, including acquired fund fees and expenses, all classes of the funds rank below their respective load types.

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

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's class-level management fee rate under the Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the unified fee arrangement. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2019. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

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

The Board noted that the total expense ratio of Class A (including expenses of the Series Funds): (i) ranked below the competitive median for 2019 for Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, and Fidelity Advisor Freedom Income Fund; and (ii) ranked above the competitive median for 2019 for Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, Fidelity Advisor Freedom 2060 Fund, and Fidelity Advisor Freedom 2065 Fund. The Board noted that for each fund for which the total expense ratio of Class A was above the competitive median, the class was above the competitive median because a number of competitor target date funds are classified by Lipper as active, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products and funds that do not have similar vintages, the total expense ratio of Class A of four funds is equal to or below median and the total expense ratio of Class A of each of the remaining funds is two to 12 basis points above median.

The Board noted that the total expense ratio of Class M of each fund (including expenses of the Series Funds) ranked above the competitive median for 2019. The Board noted that the total expense ratio of Class M was above the competitive median primarily because of higher 12b-1 fees on Class M as compared to most competitor funds. Class M has a higher 12b-1 fee, but a lower front-end sales charge, than traditionally priced front-end sales charge classes. The Board considered that Class M is primarily sold load-waived to retirement plans and intermediary wrap programs where its 0.50% 12b-1 fee is comparable to competing no-load, higher 12b-1 fee classes designed specifically for retirement plans and wrap programs. The Board noted that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products and funds that do not have similar vintages, and compared with funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of 11 funds is equal to or below median and the total expense ratio of Class M of three funds is two to four basis points above median.

The Board noted that the total expense ratio of Class C of each fund (including expenses of the Series Funds) ranked above the competitive median for 2019. The Board noted that the total expense ratio of Class C was above the competitive median primarily because of its 1.00% 12b-1 fee. The Board noted that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products, and compared with funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of six funds is equal to or below median and the total expense ratio of Class C of the remaining five funds is four to 14 basis points above median.

The Board noted that the total expense ratio of Class I (including expenses of the Series Funds): (i) ranked below the competitive median for 2019 for Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, and Fidelity Advisor Freedom Income Fund; and (ii) ranked above the competitive median for 2019 for Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, Fidelity Advisor Freedom 2060 Fund, and Fidelity Advisor Freedom 2065 Fund. The Board noted that, for each fund for which the total expense ratio of Class I was above the competitive median, the class was above the competitive median primarily because a number of competitor target date funds are classified by Lipper as active, even though their underlying holdings are primarily passive, and are not limited to no-load products. The Board also considered that Class I has no investment minimum, unlike most competitor funds. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products, and compared with no-load products, the total expense ratio of Class I of ten funds is equal to or below median and the total expense ratio of Class I of the remaining fund is one basis point above median.

The Board noted that the total expense ratio of Class Z (including expenses of the Series Funds): (i) ranked below the competitive median for 2019 for Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, and Fidelity Advisor Freedom Income Fund; and (ii) ranked above the competitive median for 2019 for Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, Fidelity Advisor Freedom 2060 Fund, and Fidelity Advisor Freedom 2065 Fund. The Board noted that, for each fund for which the total expense ratio of Class Z was above the competitive median, the class was above the competitive median because a number of competitor target date funds are classified by Lipper as active, even though their underlying holdings are primarily passive. The Board considered that, when the Total Mapped Group is adjusted to remove funds that invest primarily in passive products, the total expense ratio of Class Z of each such fund is equal to or below median.

The Board noted that the total expense ratio of Class Z6 (including expenses of the Series Funds) of each fund ranked below the competitive median for 2019.

The Board considered that current contractual arrangements for the fund oblige FMR to pay all "class-level" expenses of Class Z6 of each fund to the extent necessary to limit total operating expenses, with certain exceptions, to an amount specified in the applicable expense contract. These contractual arrangements may not be amended to increase the fees or expenses payable by Class Z6 of a fund except by a vote of a majority of the Board of Trustees (for each fund) and by a vote of a majority of the outstanding voting securities of Class Z6 of the applicable fund (for each fund, except Fidelity Advisor Freedom 2065 Fund).

In considering the total expense ratio of Class I of Fidelity Advisor Freedom 2030 Fund, the Board also considered an alternative ASPG competitive analysis that focused on competitors most similar in size to the class. The Board noted that the alternative analysis excluded performance fees and 12b-1 fees from the competitive comparisons. The Board noted that, under this alternative competitive analysis, the total expense ratio of Class I of Fidelity Advisor Freedom 2030 Fund ranked below the competitive median for 2019.

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and the Series Funds in which each fund invests and in servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

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

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund, including the conclusions of the PFOB Committee, and was satisfied that the profitability was not excessive.

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

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

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation agreements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and outflows from actively managed equity funds; and (viii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

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





Fidelity Investments

AFF-SANN-1120
1.792138.117




Fidelity Flex® Freedom Blend Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065

















Semi-Annual Report

September 30, 2020

Fidelity Investments
See the inside front cover for important information about access to your fund’s shareholder reports.


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

Note to Shareholders

Fidelity Flex® Freedom Blend Income Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2005 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2010 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2015 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2020 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2025 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2030 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2035 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2040 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2045 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2050 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2055 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2060 Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity Flex® Freedom Blend 2065 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


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

You may also call 1-800-544-3455 (for managed account clients) or 1-800-835-5092 (for retirement plan participants) 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. © 2020 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 15.2 
Fidelity Series Inflation-Protected Bond Index Fund 12.0 
Fidelity Series Investment Grade Bond Fund 11.5 
Fidelity Series Government Bond Index Fund 10.4 
Fidelity Series Corporate Bond Fund 8.7 
Fidelity Series Investment Grade Securitized Fund 7.9 
Fidelity Series Emerging Markets Opportunities Fund 6.4 
Fidelity Series Short-Term Credit Fund 4.6 
Fidelity Series Government Money Market Fund 0.16% 4.0 
Fidelity Series Commodity Strategy Fund 2.5 
 83.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 9.0% 
   International Equity Funds 12.5% 
   Bond Funds 54.7% 
   Short-Term Funds 23.8% 


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

Fidelity Flex® Freedom Blend Income Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 9.0%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 104 $1,719 
Fidelity Series Commodity Strategy Fund (a) 721 3,001 
Fidelity Series Large Cap Growth Index Fund (a) 78 1,105 
Fidelity Series Large Cap Stock Fund (a) 83 1,181 
Fidelity Series Large Cap Value Index Fund (a) 193 2,243 
Fidelity Series Small Cap Opportunities Fund (a) 44 564 
Fidelity Series Value Discovery Fund (a) 66 814 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,445)  10,627 
International Equity Funds - 12.5%   
Fidelity Series Canada Fund (a) 58 591 
Fidelity Series Emerging Markets Fund (a) 90 846 
Fidelity Series Emerging Markets Opportunities Fund (a) 362 7,598 
Fidelity Series International Growth Fund (a) 82 1,539 
Fidelity Series International Index Fund (a) 64 634 
Fidelity Series International Small Cap Fund (a) 30 541 
Fidelity Series International Value Fund (a) 176 1,514 
Fidelity Series Overseas Fund (a) 137 1,533 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $13,212)  14,796 
Bond Funds - 54.7%   
Fidelity Series Corporate Bond Fund (a) 915 10,296 
Fidelity Series Emerging Markets Debt Fund (a) 87 790 
Fidelity Series Floating Rate High Income Fund (a) 19 165 
Fidelity Series Government Bond Index Fund (a) 1,094 12,306 
Fidelity Series High Income Fund (a) 93 851 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,329 14,220 
Fidelity Series International Credit Fund (a) 62 
Fidelity Series Investment Grade Bond Fund (a) 1,119 13,696 
Fidelity Series Investment Grade Securitized Fund (a) 875 9,332 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 263 2,720 
Fidelity Series Real Estate Income Fund (a) 51 505 
TOTAL BOND FUNDS   
(Cost $60,972)  64,943 
Short-Term Funds - 23.8%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 4,803 4,803 
Fidelity Series Short-Term Credit Fund (a) 534 5,472 
Fidelity Series Treasury Bill Index Fund (a) 1,799 18,004 
TOTAL SHORT-TERM FUNDS   
(Cost $28,122)  28,279 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $112,751)  118,645 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $118,645 

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 Blue Chip Growth Fund $890 $987 $495 $334 $60 $277 $1,719 
Fidelity Series Canada Fund 576 95 209 -- (41) 170 591 
Fidelity Series Commodity Strategy Fund 3,707 141 1,232 12 (333) 718 3,001 
Fidelity Series Corporate Bond Fund 8,355 1,268 244 149 (9) 926 10,296 
Fidelity Series Emerging Markets Debt Fund 685 20 -- 20 -- 85 790 
Fidelity Series Emerging Markets Fund 452 290 96 -- (8) 208 846 
Fidelity Series Emerging Markets Opportunities Fund 4,491 2,359 1,105 -- 23 1,830 7,598 
Fidelity Series Floating Rate High Income Fund 146 -- -- 15 165 
Fidelity Series Government Bond Index Fund 13,027 688 1,368 93 67 (108) 12,306 
Fidelity Series Government Money Market Fund 0.16% 5,568 1,775 2,540 -- -- 4,803 
Fidelity Series High Income Fund 748 23 -- 23 -- 80 851 
Fidelity Series Inflation-Protected Bond Index Fund 13,187 400 187 11 816 14,220 
Fidelity Series International Credit Fund 56 -- -- 62 
Fidelity Series International Growth Fund 1,755 81 733 -- 53 383 1,539 
Fidelity Series International Index Fund 643 88 229 -- (30) 162 634 
Fidelity Series International Small Cap Fund 508 12 135 -- (11) 167 541 
Fidelity Series International Value Fund 1,734 105 642 -- (188) 505 1,514 
Fidelity Series Investment Grade Bond Fund 12,723 556 362 173 778 13,696 
Fidelity Series Investment Grade Securitized Fund 8,863 761 400 58 104 9,332 
Fidelity Series Large Cap Growth Index Fund 619 422 272 18 22 314 1,105 
Fidelity Series Large Cap Stock Fund 640 589 177 41 (6) 135 1,181 
Fidelity Series Large Cap Value Index Fund 1,226 1,015 279 -- (30) 311 2,243 
Fidelity Series Long-Term Treasury Bond Index Fund 2,700 372 270 71 30 (112) 2,720 
Fidelity Series Overseas Fund 1,676 181 767 -- (7) 450 1,533 
Fidelity Series Real Estate Income Fund 412 16 -- 16 -- 77 505 
Fidelity Series Short-Term Credit Fund 5,217 59 -- 59 -- 196 5,472 
Fidelity Series Small Cap Opportunities Fund 296 278 107 (13) 110 564 
Fidelity Series Treasury Bill Index Fund 17,984 74 -- 71 -- (54) 18,004 
Fidelity Series Value Discovery Fund 355 436 85 -- (2) 110 814 
 $109,239 $13,096 $11,934 $1,163 $(414) $8,658 $118,645 

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 September 30, 2020, 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:     
Domestic Equity Funds $10,627 $10,627 $-- $-- 
International Equity Funds 14,796 14,796 -- -- 
Bond Funds 64,943 64,943 -- -- 
Short-Term Funds 28,279 28,279 -- -- 
Total Investments in Securities: $118,645 $118,645 $-- $-- 

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


Fidelity Flex® Freedom Blend Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $112,751) $118,645  
Total Investment in Securities (cost $112,751)  $118,645 
Receivable for investments sold  608 
Total assets  119,253 
Liabilities   
Payable for investments purchased $608  
Total liabilities  608 
Net Assets  $118,645 
Net Assets consist of:   
Paid in capital  $112,728 
Total accumulated earnings (loss)  5,917 
Net Assets  $118,645 
Net Asset Value, offering price and redemption price per share ($118,645 ÷ 11,270 shares)  $10.53 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $704 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  703 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (414)  
Capital gain distributions from underlying funds:   
Affiliated issuers 459  
Total net realized gain (loss)  45 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 8,658  
Total change in net unrealized appreciation (depreciation)  8,658 
Net gain (loss)  8,703 
Net increase (decrease) in net assets resulting from operations  $9,406 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $703 $2,560 
Net realized gain (loss) 45 1,876 
Change in net unrealized appreciation (depreciation) 8,658 (2,036) 
Net increase (decrease) in net assets resulting from operations 9,406 2,400 
Distributions to shareholders (1,165) (4,839) 
Share transactions   
Reinvestment of distributions 1,165 4,839 
Net increase (decrease) in net assets resulting from share transactions 1,165 4,839 
Total increase (decrease) in net assets 9,406 2,400 
Net Assets   
Beginning of period 109,239 106,839 
End of period $118,645 $109,239 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 115 477 
Net increase (decrease) 115 477 

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


Financial Highlights

Fidelity Flex Freedom Blend Income Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.79 $10.01 $10.09 $10.00 
Income from Investment Operations     
Net investment income (loss)B .06 .23 .25 .18 
Net realized and unrealized gain (loss) .78 C .10 .13 
Total from investment operations .84 .23 .35 .31 
Distributions from net investment income (.06) (.24) (.25) (.16) 
Distributions from net realized gain (.04) (.21) (.18) (.06) 
Total distributions (.10) (.45) (.43) (.22) 
Net asset value, end of period $10.53 $9.79 $10.01 $10.09 
Total ReturnD 8.67% 2.17% 3.63% 3.14% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) 1.22%G 2.31% 2.51% 2.21%G 
Supplemental Data     
Net assets, end of period (000 omitted) $119 $109 $107 $103 
Portfolio turnover rateF 21%G 63% 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 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 13.4 
Fidelity Series Inflation-Protected Bond Index Fund 11.1 
Fidelity Series Investment Grade Bond Fund 11.0 
Fidelity Series Government Bond Index Fund 9.9 
Fidelity Series Corporate Bond Fund 8.3 
Fidelity Series Investment Grade Securitized Fund 7.5 
Fidelity Series Emerging Markets Opportunities Fund 7.0 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Government Money Market Fund 0.16% 4.0 
Fidelity Series Large Cap Value Index Fund 2.8 
 79.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 12.1% 
   International Equity Funds 14.5% 
   Bond Funds 52.0% 
   Short-Term Funds 21.4% 


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

Fidelity Flex® Freedom Blend 2005 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 12.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 155 $2,565 
Fidelity Series Commodity Strategy Fund (a) 732 3,044 
Fidelity Series Large Cap Growth Index Fund (a) 118 1,685 
Fidelity Series Large Cap Stock Fund (a) 126 1,787 
Fidelity Series Large Cap Value Index Fund (a) 291 3,380 
Fidelity Series Small Cap Opportunities Fund (a) 67 851 
Fidelity Series Value Discovery Fund (a) 99 1,227 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $14,311)  14,539 
International Equity Funds - 14.5%   
Fidelity Series Canada Fund (a) 73 752 
Fidelity Series Emerging Markets Fund (a) 99 932 
Fidelity Series Emerging Markets Opportunities Fund (a) 399 8,375 
Fidelity Series International Growth Fund (a) 106 1,984 
Fidelity Series International Index Fund (a) 82 816 
Fidelity Series International Small Cap Fund (a) 40 711 
Fidelity Series International Value Fund (a) 228 1,962 
Fidelity Series Overseas Fund (a) 177 1,981 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $15,788)  17,513 
Bond Funds - 52.0%   
Fidelity Series Corporate Bond Fund (a) 885 9,955 
Fidelity Series Emerging Markets Debt Fund (a) 87 790 
Fidelity Series Floating Rate High Income Fund (a) 19 167 
Fidelity Series Government Bond Index Fund (a) 1,058 11,898 
Fidelity Series High Income Fund (a) 94 859 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,246 13,334 
Fidelity Series International Credit Fund (a) 63 
Fidelity Series Investment Grade Bond Fund (a) 1,082 13,242 
Fidelity Series Investment Grade Securitized Fund (a) 846 9,024 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 267 2,763 
Fidelity Series Real Estate Income Fund (a) 51 511 
TOTAL BOND FUNDS   
(Cost $58,860)  62,606 
Short-Term Funds - 21.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 4,755 4,755 
Fidelity Series Short-Term Credit Fund (a) 471 4,830 
Fidelity Series Treasury Bill Index Fund (a) 1,610 16,118 
TOTAL SHORT-TERM FUNDS   
(Cost $25,569)  25,703 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $114,528)  120,361 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $120,362 

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 Blue Chip Growth Fund $1,723 $1,025 $793 $508 $157 $453 $2,565 
Fidelity Series Canada Fund 721 96 232 -- (35) 202 752 
Fidelity Series Commodity Strategy Fund 3,707 133 1,190 13 (308) 702 3,044 
Fidelity Series Corporate Bond Fund 7,918 1,437 269 142 (10) 879 9,955 
Fidelity Series Emerging Markets Debt Fund 685 20 -- 20 -- 85 790 
Fidelity Series Emerging Markets Fund 522 291 104 -- (9) 232 932 
Fidelity Series Emerging Markets Opportunities Fund 5,153 2,328 1,178 -- 27 2,045 8,375 
Fidelity Series Floating Rate High Income Fund 148 -- -- 15 167 
Fidelity Series Government Bond Index Fund 12,258 765 1,085 89 51 (91) 11,898 
Fidelity Series Government Money Market Fund 0.16% 4,900 2,286 2,431 -- -- 4,755 
Fidelity Series High Income Fund 755 23 -- 23 -- 81 859 
Fidelity Series Inflation-Protected Bond Index Fund 12,031 712 164 10 753 13,334 
Fidelity Series International Credit Fund 57 -- -- 63 
Fidelity Series International Growth Fund 2,316 87 991 -- 69 503 1,984 
Fidelity Series International Index Fund 827 82 261 -- (31) 199 816 
Fidelity Series International Small Cap Fund 653 14 155 -- (11) 210 711 
Fidelity Series International Value Fund 2,200 96 739 -- (171) 576 1,962 
Fidelity Series Investment Grade Bond Fund 12,029 888 413 165 735 13,242 
Fidelity Series Investment Grade Securitized Fund 8,330 944 352 55 99 9,024 
Fidelity Series Large Cap Growth Index Fund 1,249 315 445 30 59 507 1,685 
Fidelity Series Large Cap Stock Fund 1,294 511 262 64 (6) 250 1,787 
Fidelity Series Large Cap Value Index Fund 2,438 845 419 -- (38) 554 3,380 
Fidelity Series Long-Term Treasury Bond Index Fund 2,711 412 277 71 34 (117) 2,763 
Fidelity Series Overseas Fund 2,115 234 935 -- (5) 572 1,981 
Fidelity Series Real Estate Income Fund 417 17 -- 16 -- 77 511 
Fidelity Series Short-Term Credit Fund 4,605 52 -- 52 -- 173 4,830 
Fidelity Series Small Cap Opportunities Fund 624 226 171 (20) 192 851 
Fidelity Series Treasury Bill Index Fund 16,102 64 -- 64 -- (48) 16,118 
Fidelity Series Value Discovery Fund 739 417 124 -- (4) 199 1,227 
 $109,227 $14,325 $12,990 $1,337 $(243) $10,042 $120,361 

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 September 30, 2020, 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:     
Domestic Equity Funds $14,539 $14,539 $-- $-- 
International Equity Funds 17,513 17,513 -- -- 
Bond Funds 62,606 62,606 -- -- 
Short-Term Funds 25,703 25,703 -- -- 
Total Investments in Securities: $120,361 $120,361 $-- $-- 

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


Fidelity Flex® Freedom Blend 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $114,528) $120,361  
Total Investment in Securities (cost $114,528)  $120,361 
Receivable for investments sold  549 
Total assets  120,910 
Liabilities   
Payable for investments purchased $548  
Total liabilities  548 
Net Assets  $120,362 
Net Assets consist of:   
Paid in capital  $113,677 
Total accumulated earnings (loss)  6,685 
Net Assets  $120,362 
Net Asset Value, offering price and redemption price per share ($120,362 ÷ 11,370 shares)  $10.59 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $687 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  686 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (243)  
Capital gain distributions from underlying funds:   
Affiliated issuers 650  
Total net realized gain (loss)  407 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 10,042  
Total change in net unrealized appreciation (depreciation)  10,042 
Net gain (loss)  10,449 
Net increase (decrease) in net assets resulting from operations  $11,135 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $686 $2,591 
Net realized gain (loss) 407 2,094 
Change in net unrealized appreciation (depreciation) 10,042 (3,331) 
Net increase (decrease) in net assets resulting from operations 11,135 1,354 
Distributions to shareholders (1,048) (5,390) 
Share transactions   
Reinvestment of distributions 1,048 5,390 
Net increase (decrease) in net assets resulting from share transactions 1,048 5,390 
Total increase (decrease) in net assets 11,135 1,354 
Net Assets   
Beginning of period 109,227 107,873 
End of period $120,362 $109,227 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 105 531 
Net increase (decrease) 105 531 

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


Financial Highlights

Fidelity Flex Freedom Blend 2005 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.70 $10.05 $10.21 $10.00 
Income from Investment Operations     
Net investment income (loss)B .06 .24 .25 .18 
Net realized and unrealized gain (loss) .92 (.09) .08 .25 
Total from investment operations .98 .15 .33 .43 
Distributions from net investment income (.04) (.25) (.25) (.14) 
Distributions from net realized gain (.06) (.25) (.24) (.08) 
Total distributions (.09)C (.50) (.49) (.22) 
Net asset value, end of period $10.59 $9.70 $10.05 $10.21 
Total ReturnD 10.20% 1.29% 3.43% 4.29% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) 1.18%G 2.31% 2.49% 2.21%G 
Supplemental Data     
Net assets, end of period (000 omitted) $120 $109 $108 $104 
Portfolio turnover rateF 22%G 65% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 10.9 
Fidelity Series Investment Grade Bond Fund 10.0 
Fidelity Series Inflation-Protected Bond Index Fund 9.6 
Fidelity Series Government Bond Index Fund 8.9 
Fidelity Series Emerging Markets Opportunities Fund 7.9 
Fidelity Series Corporate Bond Fund 7.5 
Fidelity Series Investment Grade Securitized Fund 6.8 
Fidelity Series Large Cap Value Index Fund 4.4 
Fidelity Series Blue Chip Growth Fund 3.4 
Fidelity Series Short-Term Credit Fund 3.2 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 17.6% 
   International Equity Funds 18.2% 
   Bond Funds 47.0% 
   Short-Term Funds 17.2% 


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

Fidelity Flex® Freedom Blend 2010 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 17.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 249 $4,104 
Fidelity Series Commodity Strategy Fund (a) 743 3,089 
Fidelity Series Large Cap Growth Index Fund (a) 190 2,699 
Fidelity Series Large Cap Stock Fund (a) 202 2,861 
Fidelity Series Large Cap Value Index Fund (a) 466 5,411 
Fidelity Series Small Cap Opportunities Fund (a) 107 1,362 
Fidelity Series Value Discovery Fund (a) 159 1,964 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $21,126)  21,490 
International Equity Funds - 18.2%   
Fidelity Series Canada Fund (a) 104 1,067 
Fidelity Series Emerging Markets Fund (a) 115 1,080 
Fidelity Series Emerging Markets Opportunities Fund (a) 462 9,702 
Fidelity Series International Growth Fund (a) 148 2,773 
Fidelity Series International Index Fund (a) 114 1,133 
Fidelity Series International Small Cap Fund (a) 56 994 
Fidelity Series International Value Fund (a) 317 2,737 
Fidelity Series Overseas Fund (a) 249 2,786 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $20,286)  22,272 
Bond Funds - 47.0%   
Fidelity Series Corporate Bond Fund (a) 812 9,138 
Fidelity Series Emerging Markets Debt Fund (a) 87 785 
Fidelity Series Floating Rate High Income Fund (a) 19 169 
Fidelity Series Government Bond Index Fund (a) 971 10,921 
Fidelity Series High Income Fund (a) 95 869 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,093 11,694 
Fidelity Series International Credit Fund (a) 63 
Fidelity Series Investment Grade Bond Fund (a) 993 12,155 
Fidelity Series Investment Grade Securitized Fund (a) 776 8,283 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 272 2,805 
Fidelity Series Real Estate Income Fund (a) 52 516 
TOTAL BOND FUNDS   
(Cost $54,040)  57,398 
Short-Term Funds - 17.2%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 3,804 3,804 
Fidelity Series Short-Term Credit Fund (a) 381 3,903 
Fidelity Series Treasury Bill Index Fund (a) 1,333 13,346 
TOTAL SHORT-TERM FUNDS   
(Cost $20,944)  21,053 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $116,396)  122,213 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $122,212 

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 Blue Chip Growth Fund $2,958 $1,329 $1,190 $814 $270 $737 $4,104 
Fidelity Series Canada Fund 978 156 292 -- (55) 280 1,067 
Fidelity Series Commodity Strategy Fund 3,680 136 1,122 13 (271) 666 3,089 
Fidelity Series Corporate Bond Fund 7,095 1,566 305 129 (9) 791 9,138 
Fidelity Series Emerging Markets Debt Fund 680 20 -- 20 -- 85 785 
Fidelity Series Emerging Markets Fund 621 288 88 -- (7) 266 1,080 
Fidelity Series Emerging Markets Opportunities Fund 6,114 2,308 1,122 -- 27 2,375 9,702 
Fidelity Series Floating Rate High Income Fund 150 -- -- 15 169 
Fidelity Series Government Bond Index Fund 10,982 959 983 80 39 (76) 10,921 
Fidelity Series Government Money Market Fund 0.16% 3,890 2,412 2,498 -- -- 3,804 
Fidelity Series High Income Fund 764 23 -- 23 -- 82 869 
Fidelity Series Inflation-Protected Bond Index Fund 10,317 896 173 652 11,694 
Fidelity Series International Credit Fund 57 -- -- 63 
Fidelity Series International Growth Fund 3,022 152 1,163 -- 74 688 2,773 
Fidelity Series International Index Fund 1,089 97 279 -- (30) 256 1,133 
Fidelity Series International Small Cap Fund 893 12 185 -- (14) 288 994 
Fidelity Series International Value Fund 2,876 104 785 -- (227) 769 2,737 
Fidelity Series Investment Grade Bond Fund 10,748 1,167 426 150 663 12,155 
Fidelity Series Investment Grade Securitized Fund 7,464 1,079 352 50 90 8,283 
Fidelity Series Large Cap Growth Index Fund 2,184 344 766 49 117 820 2,699 
Fidelity Series Large Cap Stock Fund 2,266 501 319 101 (12) 425 2,861 
Fidelity Series Large Cap Value Index Fund 4,232 853 549 -- (39) 914 5,411 
Fidelity Series Long-Term Treasury Bond Index Fund 2,692 478 283 71 36 (118) 2,805 
Fidelity Series Overseas Fund 2,801 290 1,063 -- (3) 761 2,786 
Fidelity Series Real Estate Income Fund 422 16 -- 16 -- 78 516 
Fidelity Series Short-Term Credit Fund 3,721 42 -- 42 -- 140 3,903 
Fidelity Series Small Cap Opportunities Fund 1,112 221 251 (34) 314 1,362 
Fidelity Series Treasury Bill Index Fund 13,332 54 -- 53 -- (40) 13,346 
Fidelity Series Value Discovery Fund 1,310 502 179 -- (10) 341 1,964 
 $108,450 $16,010 $14,373 $1,637 $(141) $12,267 $122,213 

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 September 30, 2020, 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:     
Domestic Equity Funds $21,490 $21,490 $-- $-- 
International Equity Funds 22,272 22,272 -- -- 
Bond Funds 57,398 57,398 -- -- 
Short-Term Funds 21,053 21,053 -- -- 
Total Investments in Securities: $122,213 $122,213 $-- $-- 

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


Fidelity Flex® Freedom Blend 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $116,396) $122,213  
Total Investment in Securities (cost $116,396)  $122,213 
Receivable for investments sold  699 
Total assets  122,912 
Liabilities   
Payable for investments purchased $700  
Total liabilities  700 
Net Assets  $122,212 
Net Assets consist of:   
Paid in capital  $115,210 
Total accumulated earnings (loss)  7,002 
Net Assets  $122,212 
Net Asset Value, offering price and redemption price per share ($122,212 ÷ 11,522 shares)  $10.61 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $649 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  648 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (141)  
Capital gain distributions from underlying funds:   
Affiliated issuers 988  
Total net realized gain (loss)  847 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 12,267  
Total change in net unrealized appreciation (depreciation)  12,267 
Net gain (loss)  13,114 
Net increase (decrease) in net assets resulting from operations  $13,762 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $648 $2,627 
Net realized gain (loss) 847 2,474 
Change in net unrealized appreciation (depreciation) 12,267 (5,415) 
Net increase (decrease) in net assets resulting from operations 13,762 (314) 
Distributions to shareholders (1,332) (5,958) 
Share transactions   
Reinvestment of distributions 1,332 5,958 
Net increase (decrease) in net assets resulting from share transactions 1,332 5,958 
Total increase (decrease) in net assets 13,762 (314) 
Net Assets   
Beginning of period 108,450 108,764 
End of period $122,212 $108,450 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 135 585 
Net increase (decrease) 135 585 

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


Financial Highlights

Fidelity Flex Freedom Blend 2010 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.52 $10.07 $10.28 $10.00 
Income from Investment Operations     
Net investment income (loss)B .06 .24 .25 .19 
Net realized and unrealized gain (loss) 1.15 (.24) .07 .33 
Total from investment operations 1.21 C .32 .52 
Distributions from net investment income (.03) (.25) (.25) (.15) 
Distributions from net realized gain (.08) (.30) (.29) (.10) 
Total distributions (.12)D (.55) (.53)D (.24)D 
Net asset value, end of period $10.61 $9.52 $10.07 $10.28 
Total ReturnE 12.77% (.34)% 3.40% 5.20% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) 1.10%H 2.32% 2.46% 2.22%H 
Supplemental Data     
Net assets, end of period (000 omitted) $122 $108 $109 $105 
Portfolio turnover rateG 24%H 65% 23% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 8.9 
Fidelity Series Investment Grade Bond Fund 8.8 
Fidelity Series Treasury Bill Index Fund 8.5 
Fidelity Series Inflation-Protected Bond Index Fund 8.3 
Fidelity Series Government Bond Index Fund 7.9 
Fidelity Series Corporate Bond Fund 6.6 
Fidelity Series Large Cap Value Index Fund 6.1 
Fidelity Series Investment Grade Securitized Fund 6.0 
Fidelity Series Blue Chip Growth Fund 4.6 
Fidelity Series Large Cap Stock Fund 3.2 
 68.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 21.9% 
   Bond Funds 41.9% 
   Short-Term Funds 13.1% 


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

Fidelity Flex® Freedom Blend 2015 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 345 $5,699 
Fidelity Series Commodity Strategy Fund (a) 753 3,133 
Fidelity Series Large Cap Growth Index Fund (a) 262 3,731 
Fidelity Series Large Cap Stock Fund (a) 280 3,965 
Fidelity Series Large Cap Value Index Fund (a) 647 7,500 
Fidelity Series Small Cap Opportunities Fund (a) 148 1,887 
Fidelity Series Value Discovery Fund (a) 220 2,723 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $28,109)  28,638 
International Equity Funds - 21.9%   
Fidelity Series Canada Fund (a) 135 1,379 
Fidelity Series Emerging Markets Fund (a) 130 1,229 
Fidelity Series Emerging Markets Opportunities Fund (a) 527 11,048 
Fidelity Series International Growth Fund (a) 191 3,585 
Fidelity Series International Index Fund (a) 149 1,480 
Fidelity Series International Small Cap Fund (a) 72 1,286 
Fidelity Series International Value Fund (a) 411 3,543 
Fidelity Series Overseas Fund (a) 320 3,580 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $24,862)  27,130 
Bond Funds - 41.9%   
Fidelity Series Corporate Bond Fund (a) 731 8,224 
Fidelity Series Emerging Markets Debt Fund (a) 86 779 
Fidelity Series Floating Rate High Income Fund (a) 19 171 
Fidelity Series Government Bond Index Fund (a) 874 9,829 
Fidelity Series High Income Fund (a) 96 878 
Fidelity Series Inflation-Protected Bond Index Fund (a) 962 10,294 
Fidelity Series International Credit Fund (a) 64 
Fidelity Series Investment Grade Bond Fund (a) 894 10,939 
Fidelity Series Investment Grade Securitized Fund (a) 699 7,455 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 276 2,849 
Fidelity Series Real Estate Income Fund (a) 52 520 
TOTAL BOND FUNDS   
(Cost $49,033)  52,002 
Short-Term Funds - 13.1%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 2,775 2,775 
Fidelity Series Short-Term Credit Fund (a) 287 2,940 
Fidelity Series Treasury Bill Index Fund (a) 1,050 10,508 
TOTAL SHORT-TERM FUNDS   
(Cost $16,141)  16,223 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $118,145)  123,993 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $123,995 

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 Blue Chip Growth Fund $4,171 $1,599 $1,466 $1,129 $363 $1,032 $5,699 
Fidelity Series Canada Fund 1,238 157 298 -- (53) 335 1,379 
Fidelity Series Commodity Strategy Fund 3,651 137 1,050 13 (250) 645 3,133 
Fidelity Series Corporate Bond Fund 6,240 1,603 309 115 (8) 698 8,224 
Fidelity Series Emerging Markets Debt Fund 675 20 -- 20 -- 84 779 
Fidelity Series Emerging Markets Fund 727 283 75 -- (5) 299 1,229 
Fidelity Series Emerging Markets Opportunities Fund 7,032 2,323 1,044 -- 19 2,718 11,048 
Fidelity Series Floating Rate High Income Fund 151 -- -- 15 171 
Fidelity Series Government Bond Index Fund 9,656 1,192 985 72 29 (63) 9,829 
Fidelity Series Government Money Market Fund 0.16% 3,003 2,301 2,529 -- -- 2,775 
Fidelity Series High Income Fund 772 23 -- 23 -- 83 878 
Fidelity Series Inflation-Protected Bond Index Fund 8,907 1,030 212 568 10,294 
Fidelity Series International Credit Fund 58 -- -- 64 
Fidelity Series International Growth Fund 3,711 179 1,275 -- 90 880 3,585 
Fidelity Series International Index Fund 1,359 103 265 -- (30) 313 1,480 
Fidelity Series International Small Cap Fund 1,096 21 168 -- (15) 352 1,286 
Fidelity Series International Value Fund 3,542 136 817 -- (159) 841 3,543 
Fidelity Series Investment Grade Bond Fund 9,410 1,339 399 134 588 10,939 
Fidelity Series Investment Grade Securitized Fund 6,566 1,208 400 45 79 7,455 
Fidelity Series Large Cap Growth Index Fund 3,099 356 1,017 68 163 1,130 3,731 
Fidelity Series Large Cap Stock Fund 3,217 600 438 139 (17) 603 3,965 
Fidelity Series Large Cap Value Index Fund 5,990 952 671 -- (54) 1,283 7,500 
Fidelity Series Long-Term Treasury Bond Index Fund 2,684 530 284 71 38 (119) 2,849 
Fidelity Series Overseas Fund 3,473 346 1,182 -- (17) 960 3,580 
Fidelity Series Real Estate Income Fund 425 16 -- 16 -- 79 520 
Fidelity Series Short-Term Credit Fund 2,803 32 -- 32 -- 105 2,940 
Fidelity Series Small Cap Opportunities Fund 1,589 229 330 11 (45) 444 1,887 
Fidelity Series Treasury Bill Index Fund 10,499 40 -- 41 -- (31) 10,508 
Fidelity Series Value Discovery Fund 1,867 623 228 -- (13) 474 2,723 
 $107,611 $17,384 $15,442 $1,945 $40 $14,400 $123,993 

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 September 30, 2020, 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:     
Domestic Equity Funds $28,638 $28,638 $-- $-- 
International Equity Funds 27,130 27,130 -- -- 
Bond Funds 52,002 52,002 -- -- 
Short-Term Funds 16,223 16,223 -- -- 
Total Investments in Securities: $123,993 $123,993 $-- $-- 

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


Fidelity Flex® Freedom Blend 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $118,145) $123,993  
Total Investment in Securities (cost $118,145)  $123,993 
Receivable for investments sold  795 
Total assets  124,788 
Liabilities   
Payable for investments purchased $793  
Total liabilities  793 
Net Assets  $123,995 
Net Assets consist of:   
Paid in capital  $116,498 
Total accumulated earnings (loss)  7,497 
Net Assets  $123,995 
Net Asset Value, offering price and redemption price per share ($123,995 ÷ 11,649 shares)  $10.64 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $618 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  617 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 40  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,327  
Total net realized gain (loss)  1,367 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 14,400  
Total change in net unrealized appreciation (depreciation)  14,400 
Net gain (loss)  15,767 
Net increase (decrease) in net assets resulting from operations  $16,384 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $617 $2,667 
Net realized gain (loss) 1,367 2,625 
Change in net unrealized appreciation (depreciation) 14,400 (7,301) 
Net increase (decrease) in net assets resulting from operations 16,384 (2,009) 
Distributions to shareholders (1,415) (6,490) 
Share transactions   
Reinvestment of distributions 1,415 6,490 
Net increase (decrease) in net assets resulting from share transactions 1,415 6,490 
Total increase (decrease) in net assets 16,384 (2,009) 
Net Assets   
Beginning of period 107,611 109,620 
End of period $123,995 $107,611 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 145 636 
Net increase (decrease) 145 636 

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


Financial Highlights

Fidelity Flex Freedom Blend 2015 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.35 $10.09 $10.35 $10.00 
Income from Investment Operations     
Net investment income (loss)B .05 .24 .24 .19 
Net realized and unrealized gain (loss) 1.36 (.39) .08 .42 
Total from investment operations 1.41 (.15) .32 .61 
Distributions from net investment income (.03) (.25) (.24) (.15) 
Distributions from net realized gain (.09) (.34) (.33) (.11) 
Total distributions (.12) (.59) (.58)C (.26) 
Net asset value, end of period $10.64 $9.35 $10.09 $10.35 
Total ReturnD 15.23% (1.91)% 3.37% 6.09% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) 1.04%G 2.34% 2.43% 2.21%G 
Supplemental Data     
Net assets, end of period (000 omitted) $124 $108 $110 $106 
Portfolio turnover rateF 26%G 66% 23% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 9.8 
Fidelity Series Investment Grade Bond Fund 7.7 
Fidelity Series Large Cap Value Index Fund 7.5 
Fidelity Series Inflation-Protected Bond Index Fund 7.1 
Fidelity Series Government Bond Index Fund 7.0 
Fidelity Series Treasury Bill Index Fund 6.4 
Fidelity Series Corporate Bond Fund 5.8 
Fidelity Series Blue Chip Growth Fund 5.8 
Fidelity Series Investment Grade Securitized Fund 5.3 
Fidelity Series Large Cap Stock Fund 4.0 
 66.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.3% 
   International Equity Funds 25.3% 
   Bond Funds 37.1% 
   Short-Term Funds 9.3% 


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

Fidelity Flex® Freedom Blend 2020 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 28.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 441 $7,278 
Fidelity Series Commodity Strategy Fund (a) 761 3,167 
Fidelity Series Large Cap Growth Index Fund (a) 331 4,710 
Fidelity Series Large Cap Stock Fund (a) 354 5,020 
Fidelity Series Large Cap Value Index Fund (a) 814 9,445 
Fidelity Series Small Cap Opportunities Fund (a) 187 2,389 
Fidelity Series Value Discovery Fund (a) 279 3,447 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $34,761)  35,456 
International Equity Funds - 25.3%   
Fidelity Series Canada Fund (a) 164 1,677 
Fidelity Series Emerging Markets Fund (a) 145 1,371 
Fidelity Series Emerging Markets Opportunities Fund (a) 587 12,313 
Fidelity Series International Growth Fund (a) 232 4,359 
Fidelity Series International Index Fund (a) 181 1,799 
Fidelity Series International Small Cap Fund (a) 87 1,547 
Fidelity Series International Value Fund (a) 502 4,324 
Fidelity Series Overseas Fund (a) 389 4,353 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $29,306)  31,743 
Bond Funds - 37.1%   
Fidelity Series Corporate Bond Fund (a) 648 7,294 
Fidelity Series Emerging Markets Debt Fund (a) 85 772 
Fidelity Series Floating Rate High Income Fund (a) 19 171 
Fidelity Series Government Bond Index Fund (a) 775 8,717 
Fidelity Series High Income Fund (a) 97 882 
Fidelity Series Inflation-Protected Bond Index Fund (a) 827 8,845 
Fidelity Series International Credit Fund (a) 78 
Fidelity Series Investment Grade Bond Fund (a) 793 9,702 
Fidelity Series Investment Grade Securitized Fund (a) 620 6,612 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 279 2,882 
Fidelity Series Real Estate Income Fund (a) 52 521 
TOTAL BOND FUNDS   
(Cost $43,888)  46,476 
Short-Term Funds - 9.3%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 1,584 1,584 
Fidelity Series Short-Term Credit Fund (a) 203 2,083 
Fidelity Series Treasury Bill Index Fund (a) 801 8,020 
TOTAL SHORT-TERM FUNDS   
(Cost $11,628)  11,687 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $119,583)  125,362 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $125,361 

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 Blue Chip Growth Fund $5,247 $2,119 $1,822 $1,431 $422 $1,312 $7,278 
Fidelity Series Canada Fund 1,442 132 226 -- (29) 358 1,677 
Fidelity Series Commodity Strategy Fund 3,618 158 1,004 13 (227) 622 3,167 
Fidelity Series Corporate Bond Fund 5,456 1,538 306 102 (7) 613 7,294 
Fidelity Series Emerging Markets Debt Fund 668 21 -- 20 -- 83 772 
Fidelity Series Emerging Markets Fund 816 287 55 -- (3) 326 1,371 
Fidelity Series Emerging Markets Opportunities Fund 7,822 2,390 931 -- 15 3,017 12,313 
Fidelity Series Floating Rate High Income Fund 151 -- -- 15 171 
Fidelity Series Government Bond Index Fund 8,442 1,177 872 63 22 (52) 8,717 
Fidelity Series Government Money Market Fund 0.16% 2,285 1,894 2,595 -- -- 1,584 
Fidelity Series High Income Fund 775 24 -- 23 -- 83 882 
Fidelity Series Inflation-Protected Bond Index Fund 7,541 1,057 238 483 8,845 
Fidelity Series International Credit Fund 70 -- -- 78 
Fidelity Series International Growth Fund 4,328 255 1,370 -- 87 1,059 4,359 
Fidelity Series International Index Fund 1,602 145 284 -- (25) 361 1,799 
Fidelity Series International Small Cap Fund 1,271 18 145 -- (11) 414 1,547 
Fidelity Series International Value Fund 4,131 284 905 -- (131) 945 4,324 
Fidelity Series Investment Grade Bond Fund 8,185 1,475 474 118 514 9,702 
Fidelity Series Investment Grade Securitized Fund 5,743 1,171 373 39 69 6,612 
Fidelity Series Large Cap Growth Index Fund 3,908 361 1,173 86 189 1,425 4,710 
Fidelity Series Large Cap Stock Fund 4,057 615 391 174 (14) 753 5,020 
Fidelity Series Large Cap Value Index Fund 7,546 1,002 655 -- (62) 1,614 9,445 
Fidelity Series Long-Term Treasury Bond Index Fund 2,673 579 288 70 39 (121) 2,882 
Fidelity Series Overseas Fund 4,061 403 1,229 -- (78) 1,196 4,353 
Fidelity Series Real Estate Income Fund 425 17 -- 16 -- 79 521 
Fidelity Series Short-Term Credit Fund 1,986 23 -- 23 -- 74 2,083 
Fidelity Series Small Cap Opportunities Fund 2,010 234 348 14 (56) 549 2,389 
Fidelity Series Treasury Bill Index Fund 8,013 31 -- 32 -- (24) 8,020 
Fidelity Series Value Discovery Fund 2,359 714 209 -- (14) 597 3,447 
 $106,631 $18,131 $15,893 $2,238 $123 $16,370 $125,362 

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 September 30, 2020, 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:     
Domestic Equity Funds $35,456 $35,456 $-- $-- 
International Equity Funds 31,743 31,743 -- -- 
Bond Funds 46,476 46,476 -- -- 
Short-Term Funds 11,687 11,687 -- -- 
Total Investments in Securities: $125,362 $125,362 $-- $-- 

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


Fidelity Flex® Freedom Blend 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $119,583) $125,362  
Total Investment in Securities (cost $119,583)  $125,362 
Receivable for investments sold  934 
Total assets  126,296 
Liabilities   
Payable for investments purchased $935  
Total liabilities  935 
Net Assets  $125,361 
Net Assets consist of:   
Paid in capital  $117,584 
Total accumulated earnings (loss)  7,777 
Net Assets  $125,361 
Net Asset Value, offering price and redemption price per share ($125,361 ÷ 11,759 shares)  $10.66 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $586 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  585 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 123  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,652  
Total net realized gain (loss)  1,775 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 16,370  
Total change in net unrealized appreciation (depreciation)  16,370 
Net gain (loss)  18,145 
Net increase (decrease) in net assets resulting from operations  $18,730 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $585 $2,697 
Net realized gain (loss) 1,775 2,900 
Change in net unrealized appreciation (depreciation) 16,370 (9,174) 
Net increase (decrease) in net assets resulting from operations 18,730 (3,577) 
Distributions to shareholders (1,588) (6,956) 
Share transactions   
Reinvestment of distributions 1,588 6,956 
Net increase (decrease) in net assets resulting from share transactions 1,588 6,956 
Total increase (decrease) in net assets 18,730 (3,577) 
Net Assets   
Beginning of period 106,631 110,208 
End of period $125,361 $106,631 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 165 681 
Net increase (decrease) 165 681 

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


Financial Highlights

Fidelity Flex Freedom Blend 2020 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.20 $10.10 $10.40 $10.00 
Income from Investment Operations     
Net investment income (loss)B .05 .24 .24 .19 
Net realized and unrealized gain (loss) 1.55 (.51) .07 .48 
Total from investment operations 1.60 (.27) .31 .67 
Distributions from net investment income (.03) (.25) (.24) (.16) 
Distributions from net realized gain (.11) (.38) (.36) (.12) 
Total distributions (.14) (.63) (.61)C (.27)C 
Net asset value, end of period $10.66 $9.20 $10.10 $10.40 
Total ReturnD 17.52% (3.23)% 3.28% 6.72% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) .98%G 2.35% 2.41% 2.22%G 
Supplemental Data     
Net assets, end of period (000 omitted) $125 $107 $110 $107 
Portfolio turnover rateF 27%G 67% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.5 
Fidelity Series Large Cap Value Index Fund 8.7 
Fidelity Series Investment Grade Bond Fund 7.0 
Fidelity Series Blue Chip Growth Fund 6.6 
Fidelity Series Inflation-Protected Bond Index Fund 6.3 
Fidelity Series Government Bond Index Fund 6.3 
Fidelity Series Corporate Bond Fund 5.2 
Fidelity Series Investment Grade Securitized Fund 4.8 
Fidelity Series Large Cap Stock Fund 4.6 
Fidelity Series Treasury Bill Index Fund 4.6 
 64.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.2% 
   International Equity Funds 27.9% 
   Bond Funds 33.8% 
   Short-Term Funds 6.1% 


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

Fidelity Flex® Freedom Blend 2025 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 32.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 508 $8,385 
Fidelity Series Commodity Strategy Fund (a) 768 3,197 
Fidelity Series Large Cap Growth Index Fund (a) 386 5,497 
Fidelity Series Large Cap Stock Fund (a) 412 5,837 
Fidelity Series Large Cap Value Index Fund (a) 952 11,041 
Fidelity Series Small Cap Opportunities Fund (a) 218 2,778 
Fidelity Series Value Discovery Fund (a) 324 4,008 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $39,953)  40,743 
International Equity Funds - 27.9%   
Fidelity Series Canada Fund (a) 187 1,908 
Fidelity Series Emerging Markets Fund (a) 157 1,483 
Fidelity Series Emerging Markets Opportunities Fund (a) 635 13,320 
Fidelity Series International Growth Fund (a) 264 4,961 
Fidelity Series International Index Fund (a) 206 2,047 
Fidelity Series International Small Cap Fund (a) 99 1,768 
Fidelity Series International Value Fund (a) 570 4,914 
Fidelity Series Overseas Fund (a) 443 4,954 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $32,755)  35,355 
Bond Funds - 33.8%   
Fidelity Series Corporate Bond Fund (a) 590 6,639 
Fidelity Series Emerging Markets Debt Fund (a) 85 767 
Fidelity Series Floating Rate High Income Fund (a) 19 172 
Fidelity Series Government Bond Index Fund (a) 705 7,934 
Fidelity Series High Income Fund (a) 97 886 
Fidelity Series Inflation-Protected Bond Index Fund (a) 744 7,962 
Fidelity Series International Credit Fund (a) 79 
Fidelity Series Investment Grade Bond Fund (a) 721 8,829 
Fidelity Series Investment Grade Securitized Fund (a) 564 6,018 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 282 2,913 
Fidelity Series Real Estate Income Fund (a) 52 523 
TOTAL BOND FUNDS   
(Cost $40,407)  42,722 
Short-Term Funds - 6.1%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 704 704 
Fidelity Series Short-Term Credit Fund (a) 126 1,291 
Fidelity Series Treasury Bill Index Fund (a) 578 5,783 
TOTAL SHORT-TERM FUNDS   
(Cost $7,742)  7,778 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $120,857)  126,598 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $126,598 

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 Blue Chip Growth Fund $6,087 $2,341 $2,047 $1,664 $476 $1,528 $8,385 
Fidelity Series Canada Fund 1,639 178 281 -- (51) 423 1,908 
Fidelity Series Commodity Strategy Fund 3,596 156 951 13 (200) 596 3,197 
Fidelity Series Corporate Bond Fund 4,894 1,530 328 92 (8) 551 6,639 
Fidelity Series Emerging Markets Debt Fund 664 20 -- 20 -- 83 767 
Fidelity Series Emerging Markets Fund 879 314 56 -- (2) 348 1,483 
Fidelity Series Emerging Markets Opportunities Fund 8,438 2,454 841 -- 16 3,253 13,320 
Fidelity Series Floating Rate High Income Fund 153 -- -- 15 172 
Fidelity Series Government Bond Index Fund 7,568 1,305 911 57 17 (45) 7,934 
Fidelity Series Government Money Market Fund 0.16% 1,764 1,519 2,579 -- -- 704 
Fidelity Series High Income Fund 779 23 -- 23 -- 84 886 
Fidelity Series Inflation-Protected Bond Index Fund 6,733 1,075 280 432 7,962 
Fidelity Series International Credit Fund 71 -- -- 79 
Fidelity Series International Growth Fund 4,785 245 1,352 -- 90 1,193 4,961 
Fidelity Series International Index Fund 1,797 112 239 -- (24) 401 2,047 
Fidelity Series International Small Cap Fund 1,413 28 127 -- (10) 464 1,768 
Fidelity Series International Value Fund 4,587 282 865 -- (105) 1,015 4,914 
Fidelity Series Investment Grade Bond Fund 7,300 1,457 393 106 463 8,829 
Fidelity Series Investment Grade Securitized Fund 5,153 1,188 387 35 62 6,018 
Fidelity Series Large Cap Growth Index Fund 4,544 408 1,326 100 200 1,671 5,497 
Fidelity Series Large Cap Stock Fund 4,708 734 461 202 (8) 864 5,837 
Fidelity Series Large Cap Value Index Fund 8,756 1,134 654 -- (66) 1,871 11,041 
Fidelity Series Long-Term Treasury Bond Index Fund 2,680 625 311 70 44 (125) 2,913 
Fidelity Series Overseas Fund 4,490 441 1,238 -- (68) 1,329 4,954 
Fidelity Series Real Estate Income Fund 427 17 -- 17 -- 79 523 
Fidelity Series Short-Term Credit Fund 1,231 14 -- 14 -- 46 1,291 
Fidelity Series Small Cap Opportunities Fund 2,333 246 375 17 (61) 635 2,778 
Fidelity Series Treasury Bill Index Fund 5,777 23 -- 23 -- (17) 5,783 
Fidelity Series Value Discovery Fund 2,738 790 198 -- (9) 687 4,008 
 $105,984 $18,665 $16,200 $2,465 $237 $17,912 126,598 

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 September 30, 2020, 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:     
Domestic Equity Funds $40,743 $40,743 $-- $-- 
International Equity Funds 35,355 35,355 -- -- 
Bond Funds 42,722 42,722 -- -- 
Short-Term Funds 7,778 7,778 -- -- 
Total Investments in Securities: $126,598 $126,598 $-- $-- 

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


Fidelity Flex® Freedom Blend 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $120,857) $126,598  
Total Investment in Securities (cost $120,857)  $126,598 
Receivable for investments sold  881 
Total assets  127,479 
Liabilities   
Payable for investments purchased $881  
Total liabilities  881 
Net Assets  $126,598 
Net Assets consist of:   
Paid in capital  $118,533 
Total accumulated earnings (loss)  8,065 
Net Assets  $126,598 
Net Asset Value, offering price and redemption price per share ($126,598 ÷ 11,853 shares)  $10.68 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $563 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  562 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 237  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,902  
Total net realized gain (loss)  2,139 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 17,912  
Total change in net unrealized appreciation (depreciation)  17,912 
Net gain (loss)  20,051 
Net increase (decrease) in net assets resulting from operations  $20,613 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $562 $2,718 
Net realized gain (loss) 2,139 3,073 
Change in net unrealized appreciation (depreciation) 17,912 (10,567) 
Net increase (decrease) in net assets resulting from operations 20,613 (4,776) 
Distributions to shareholders (1,647) (7,426) 
Share transactions   
Reinvestment of distributions 1,647 7,426 
Net increase (decrease) in net assets resulting from share transactions 1,647 7,426 
Total increase (decrease) in net assets 20,613 (4,776) 
Net Assets   
Beginning of period 105,985 110,761 
End of period $126,598 $105,985 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 172 726 
Net increase (decrease) 172 726 

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


Financial Highlights

Fidelity Flex Freedom Blend 2025 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.07 $10.11 $10.44 $10.00 
Income from Investment Operations     
Net investment income (loss)B .05 .24 .24 .19 
Net realized and unrealized gain (loss) 1.70 (.61) .06 .54 
Total from investment operations 1.75 (.37) .30 .73 
Distributions from net investment income (.02) (.24) (.24) (.16) 
Distributions from net realized gain (.12) (.42) (.39) (.13) 
Total distributions (.14) (.67)C (.63) (.29) 
Net asset value, end of period $10.68 $9.07 $10.11 $10.44 
Total ReturnD 19.49% (4.34)% 3.28% 7.24% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) .94%G 2.35% 2.37% 2.20%G 
Supplemental Data     
Net assets, end of period (000 omitted) $127 $106 $111 $107 
Portfolio turnover rateF 27%G 68% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 11.4 
Fidelity Series Large Cap Value Index Fund 10.2 
Fidelity Series Blue Chip Growth Fund 7.7 
Fidelity Series Investment Grade Bond Fund 6.0 
Fidelity Series Inflation-Protected Bond Index Fund 5.5 
Fidelity Series Large Cap Stock Fund 5.4 
Fidelity Series Government Bond Index Fund 5.4 
Fidelity Series Large Cap Growth Index Fund 5.1 
Fidelity Series Corporate Bond Fund 4.5 
Fidelity Series International Growth Fund 4.5 
 65.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.2% 
   International Equity Funds 31.3% 
   Bond Funds 29.7% 
   Short-Term Funds 1.8% 


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

Fidelity Flex® Freedom Blend 2030 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 37.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 602 $9,944 
Fidelity Series Commodity Strategy Fund (a) 781 3,248 
Fidelity Series Large Cap Growth Index Fund (a) 460 6,554 
Fidelity Series Large Cap Stock Fund (a) 490 6,937 
Fidelity Series Large Cap Value Index Fund (a) 1,131 13,121 
Fidelity Series Small Cap Opportunities Fund (a) 259 3,302 
Fidelity Series Value Discovery Fund (a) 385 4,763 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $46,982)  47,869 
International Equity Funds - 31.3%   
Fidelity Series Canada Fund (a) 217 2,219 
Fidelity Series Emerging Markets Fund (a) 173 1,635 
Fidelity Series Emerging Markets Opportunities Fund (a) 700 14,677 
Fidelity Series International Growth Fund (a) 307 5,767 
Fidelity Series International Index Fund (a) 239 2,380 
Fidelity Series International Small Cap Fund (a) 116 2,059 
Fidelity Series International Value Fund (a) 663 5,718 
Fidelity Series Overseas Fund (a) 515 5,759 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $37,496)  40,214 
Bond Funds - 29.7%   
Fidelity Series Corporate Bond Fund (a) 514 5,788 
Fidelity Series Emerging Markets Debt Fund (a) 86 776 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series Government Bond Index Fund (a) 615 6,916 
Fidelity Series High Income Fund (a) 98 895 
Fidelity Series Inflation-Protected Bond Index Fund (a) 668 7,143 
Fidelity Series International Credit Fund (a) 67 
Fidelity Series Investment Grade Bond Fund (a) 629 7,696 
Fidelity Series Investment Grade Securitized Fund (a) 492 5,247 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 288 2,974 
Fidelity Series Real Estate Income Fund (a) 53 529 
TOTAL BOND FUNDS   
(Cost $36,231)  38,207 
Short-Term Funds - 1.8%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 611 611 
Fidelity Series Short-Term Credit Fund (a) 21 211 
Fidelity Series Treasury Bill Index Fund (a) 156 1,561 
TOTAL SHORT-TERM FUNDS   
(Cost $2,376)  2,383 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $123,085)  128,673 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $128,673 

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 Blue Chip Growth Fund $7,273 $2,769 $2,492 $1,984 $553 $1,841 $9,944 
Fidelity Series Canada Fund 1,868 234 315 -- (49) 481 2,219 
Fidelity Series Commodity Strategy Fund 3,578 162 891 14 (217) 616 3,248 
Fidelity Series Corporate Bond Fund 4,132 1,530 332 79 (7) 465 5,788 
Fidelity Series Emerging Markets Debt Fund 672 20 -- 20 -- 84 776 
Fidelity Series Emerging Markets Fund 993 312 54 -- (3) 387 1,635 
Fidelity Series Emerging Markets Opportunities Fund 9,262 2,554 742 -- 22 3,581 14,677 
Fidelity Series Floating Rate High Income Fund 156 -- -- 16 176 
Fidelity Series Government Bond Index Fund 6,382 1,352 794 49 12 (36) 6,916 
Fidelity Series Government Money Market Fund 0.16% 1,109 932 1,430 -- -- 611 
Fidelity Series High Income Fund 787 24 -- 24 -- 84 895 
Fidelity Series Inflation-Protected Bond Index Fund 5,548 1,554 332 371 7,143 
Fidelity Series International Credit Fund 60 -- -- 67 
Fidelity Series International Growth Fund 5,450 325 1,487 -- 95 1,384 5,767 
Fidelity Series International Index Fund 2,084 52 190 -- (19) 453 2,380 
Fidelity Series International Small Cap Fund 1,651 32 149 -- (14) 539 2,059 
Fidelity Series International Value Fund 5,206 304 846 -- (180) 1,234 5,718 
Fidelity Series Investment Grade Bond Fund 6,090 1,673 459 91 388 7,696 
Fidelity Series Investment Grade Securitized Fund 4,353 1,216 376 30 52 5,247 
Fidelity Series Large Cap Growth Index Fund 5,455 460 1,591 119 246 1,984 6,554 
Fidelity Series Large Cap Stock Fund 5,613 855 550 240 (2) 1,021 6,937 
Fidelity Series Large Cap Value Index Fund 10,463 1,224 726 -- (80) 2,240 13,121 
Fidelity Series Long-Term Treasury Bond Index Fund 2,709 692 346 70 51 (132) 2,974 
Fidelity Series Overseas Fund 5,116 497 1,305 -- (74) 1,525 5,759 
Fidelity Series Real Estate Income Fund 432 17 -- 17 -- 80 529 
Fidelity Series Short-Term Credit Fund 202 -- -- 211 
Fidelity Series Small Cap Opportunities Fund 2,775 148 304 20 (53) 736 3,302 
Fidelity Series Treasury Bill Index Fund 2,720 10 1,160 10 (3) (6) 1,561 
Fidelity Series Value Discovery Fund 3,258 890 195 -- (14) 824 4,763 
 $105,397 $19,845 $17,066 $2,780 $272 $20,225 $128,673 

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 September 30, 2020, 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:     
Domestic Equity Funds $47,869 $47,869 $-- $-- 
International Equity Funds 40,214 40,214 -- -- 
Bond Funds 38,207 38,207 -- -- 
Short-Term Funds 2,383 2,383 -- -- 
Total Investments in Securities: $128,673 $128,673 $-- $-- 

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


Fidelity Flex® Freedom Blend 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $123,085) $128,673  
Total Investment in Securities (cost $123,085)  $128,673 
Receivable for investments sold  863 
Total assets  129,536 
Liabilities   
Payable for investments purchased $863  
Total liabilities  863 
Net Assets  $128,673 
Net Assets consist of:   
Paid in capital  $120,502 
Total accumulated earnings (loss)  8,171 
Net Assets  $128,673 
Net Asset Value, offering price and redemption price per share ($128,673 ÷ 12,054 shares)  $10.67 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $534 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  533 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 272  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,246  
Total net realized gain (loss)  2,518 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 20,225  
Total change in net unrealized appreciation (depreciation)  20,225 
Net gain (loss)  22,743 
Net increase (decrease) in net assets resulting from operations  $23,276 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $533 $2,766 
Net realized gain (loss) 2,518 3,390 
Change in net unrealized appreciation (depreciation) 20,225 (12,728) 
Net increase (decrease) in net assets resulting from operations 23,276 (6,572) 
Distributions to shareholders (1,990) (8,047) 
Share transactions   
Reinvestment of distributions 1,990 8,047 
Net increase (decrease) in net assets resulting from share transactions 1,990 8,047 
Total increase (decrease) in net assets 23,276 (6,572) 
Net Assets   
Beginning of period 105,397 111,969 
End of period $128,673 $105,397 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 211 788 
Net increase (decrease) 211 788 

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


Financial Highlights

Fidelity Flex Freedom Blend 2030 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.90 $10.13 $10.55 $10.00 
Income from Investment Operations     
Net investment income (loss)B .04 .24 .24 .18 
Net realized and unrealized gain (loss) 1.90 (.75) .04 .68 
Total from investment operations 1.94 (.51) .28 .86 
Distributions from net investment income (.02) (.24) (.24) (.17) 
Distributions from net realized gain (.15) (.47) (.46) (.15) 
Total distributions (.17) (.72)C (.70) (.31)C 
Net asset value, end of period $10.67 $8.90 $10.13 $10.55 
Total ReturnD 22.02% (5.88)% 3.09% 8.63% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) .88%G 2.36% 2.32% 2.15%G 
Supplemental Data     
Net assets, end of period (000 omitted) $129 $105 $112 $109 
Portfolio turnover rateF 28%G 68% 20% 15%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.0 
Fidelity Series Large Cap Value Index Fund 12.8 
Fidelity Series Blue Chip Growth Fund 9.9 
Fidelity Series Large Cap Stock Fund 6.8 
Fidelity Series Large Cap Growth Index Fund 6.4 
Fidelity Series International Growth Fund 5.5 
Fidelity Series Overseas Fund 5.5 
Fidelity Series International Value Fund 5.5 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Small Cap Opportunities Fund 3.2 
 73.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 46.2% 
   International Equity Funds 37.2% 
   Bond Funds 15.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2035 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 46.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 775 $12,791 
Fidelity Series Commodity Strategy Fund (a) 787 3,275 
Fidelity Series Large Cap Growth Index Fund (a) 581 8,277 
Fidelity Series Large Cap Stock Fund (a) 623 8,822 
Fidelity Series Large Cap Value Index Fund (a) 1,438 16,686 
Fidelity Series Small Cap Opportunities Fund (a) 329 4,198 
Fidelity Series Value Discovery Fund (a) 483 5,969 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $58,972)  60,018 
International Equity Funds - 37.2%   
Fidelity Series Canada Fund (a) 269 2,749 
Fidelity Series Emerging Markets Fund (a) 199 1,880 
Fidelity Series Emerging Markets Opportunities Fund (a) 805 16,890 
Fidelity Series International Growth Fund (a) 380 7,145 
Fidelity Series International Index Fund (a) 297 2,949 
Fidelity Series International Small Cap Fund (a) 141 2,517 
Fidelity Series International Value Fund (a) 823 7,091 
Fidelity Series Overseas Fund (a) 638 7,134 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $45,412)  48,355 
Bond Funds - 15.2%   
Fidelity Series Corporate Bond Fund (a) 233 2,617 
Fidelity Series Emerging Markets Debt Fund (a) 88 800 
Fidelity Series Floating Rate High Income Fund (a) 20 178 
Fidelity Series Government Bond Index Fund (a) 278 3,126 
Fidelity Series High Income Fund (a) 99 899 
Fidelity Series Inflation-Protected Bond Index Fund (a) 245 2,620 
Fidelity Series International Credit Fund (a) 54 
Fidelity Series Investment Grade Bond Fund (a) 284 3,478 
Fidelity Series Investment Grade Securitized Fund (a) 222 2,373 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 289 2,988 
Fidelity Series Real Estate Income Fund (a) 53 533 
TOTAL BOND FUNDS   
(Cost $18,789)  19,666 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 137 137 
Fidelity Series Short-Term Credit Fund (a) 21 214 
Fidelity Series Treasury Bill Index Fund (a) 144 1,444 
TOTAL SHORT-TERM FUNDS   
(Cost $1,787)  1,795 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $124,960)  129,834 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,834 

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 Blue Chip Growth Fund $9,008 $3,572 $2,710 $2,530 $580 $2,341 $12,791 
Fidelity Series Canada Fund 2,303 207 281 -- (45) 565 2,749 
Fidelity Series Commodity Strategy Fund 3,496 220 838 14 (160) 557 3,275 
Fidelity Series Corporate Bond Fund 1,695 1,056 315 33 (4) 185 2,617 
Fidelity Series Emerging Markets Debt Fund 693 21 -- 20 -- 86 800 
Fidelity Series Emerging Markets Fund 1,148 338 41 -- (2) 437 1,880 
Fidelity Series Emerging Markets Opportunities Fund 10,559 2,708 474 -- 4,092 16,890 
Fidelity Series Floating Rate High Income Fund 158 -- -- 16 178 
Fidelity Series Government Bond Index Fund 2,650 966 479 20 13 (24) 3,126 
Fidelity Series Government Money Market Fund 0.16% 1,016 563 1,442 -- -- 137 
Fidelity Series High Income Fund 790 24 -- 24 -- 85 899 
Fidelity Series Inflation-Protected Bond Index Fund 2,292 455 269 140 2,620 
Fidelity Series International Credit Fund 49 -- -- 54 
Fidelity Series International Growth Fund 6,404 388 1,432 -- 98 1,687 7,145 
Fidelity Series International Index Fund 2,503 100 178 -- (17) 541 2,949 
Fidelity Series International Small Cap Fund 1,889 52 45 -- (4) 625 2,517 
Fidelity Series International Value Fund 5,979 439 597 -- (125) 1,395 7,091 
Fidelity Series Investment Grade Bond Fund 2,360 1,268 307 38 153 3,478 
Fidelity Series Investment Grade Securitized Fund 1,809 920 377 12 19 2,373 
Fidelity Series Large Cap Growth Index Fund 6,710 480 1,686 150 278 2,495 8,277 
Fidelity Series Large Cap Stock Fund 6,970 924 334 303 (5) 1,267 8,822 
Fidelity Series Large Cap Value Index Fund 12,953 1,477 435 -- (73) 2,764 16,686 
Fidelity Series Long-Term Treasury Bond Index Fund 2,562 795 287 69 30 (112) 2,988 
Fidelity Series Overseas Fund 6,112 561 1,282 -- (75) 1,818 7,134 
Fidelity Series Real Estate Income Fund 435 17 -- 17 -- 81 533 
Fidelity Series Short-Term Credit Fund 204 -- -- 214 
Fidelity Series Small Cap Opportunities Fund 3,453 201 313 25 (46) 903 4,198 
Fidelity Series Treasury Bill Index Fund 2,719 10 1,276 10 (4) (5) 1,444 
Fidelity Series Value Discovery Fund 4,051 1,017 115 -- (4) 1,020 $5,969 
 $102,970 $18,786 $15,513 $3,275 $448 $23,143 $129,834 

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 September 30, 2020, 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:     
Domestic Equity Funds $60,018 $60,018 $-- $-- 
International Equity Funds 48,355 48,355 -- -- 
Bond Funds 19,666 19,666 -- -- 
Short-Term Funds 1,795 1,795 -- -- 
Total Investments in Securities: $129,834 $129,834 $-- $-- 

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


Fidelity Flex® Freedom Blend 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $124,960) $129,834  
Total Investment in Securities (cost $124,960)  $129,834 
Receivable for investments sold  691 
Total assets  130,525 
Liabilities   
Payable for investments purchased $691  
Total liabilities  691 
Net Assets  $129,834 
Net Assets consist of:   
Paid in capital  $121,724 
Total accumulated earnings (loss)  8,110 
Net Assets  $129,834 
Net Asset Value, offering price and redemption price per share ($129,834 ÷ 12,178 shares)  $10.66 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $431 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  430 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 448  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,844  
Total net realized gain (loss)  3,292 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 23,143  
Total change in net unrealized appreciation (depreciation)  23,143 
Net gain (loss)  26,435 
Net increase (decrease) in net assets resulting from operations  $26,865 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $430 $2,740 
Net realized gain (loss) 3,292 3,393 
Change in net unrealized appreciation (depreciation) 23,143 (15,899) 
Net increase (decrease) in net assets resulting from operations 26,865 (9,766) 
Distributions to shareholders (2,069) (8,597) 
Share transactions   
Reinvestment of distributions 2,068 8,597 
Net increase (decrease) in net assets resulting from share transactions 2,068 8,597 
Total increase (decrease) in net assets 26,864 (9,766) 
Net Assets   
Beginning of period 102,970 112,736 
End of period $129,834 $102,970 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 223 843 
Net increase (decrease) 223 843 

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


Financial Highlights

Fidelity Flex Freedom Blend 2035 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.61 $10.15 $10.65 $10.00 
Income from Investment Operations     
Net investment income (loss)B .04 .24 .22 .17 
Net realized and unrealized gain (loss) 2.18 (1.02) .02 .81 
Total from investment operations 2.22 (.78) .24 .98 
Distributions from net investment income (.01) (.24) (.22) (.16) 
Distributions from net realized gain (.16) (.52) (.52) (.16) 
Total distributions (.17) (.76) (.74) (.33)C 
Net asset value, end of period $10.66 $8.61 $10.15 $10.65 
Total ReturnD 26.12% (8.74)% 2.75% 9.77% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G,H - %H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %H - %G 
Expenses net of all reductions - %G,H - %H - %H - %G 
Net investment income (loss) .71%G 2.32% 2.16% 2.02%G 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $103 $113 $110 
Portfolio turnover rateF 26%G 65% 20% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 G Annualized

 H Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.3 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2040 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 869 $14,342 
Fidelity Series Commodity Strategy Fund (a) 786 3,270 
Fidelity Series Large Cap Growth Index Fund (a) 653 9,301 
Fidelity Series Large Cap Stock Fund (a) 699 9,891 
Fidelity Series Large Cap Value Index Fund (a) 1,602 18,590 
Fidelity Series Small Cap Opportunities Fund (a) 369 4,707 
Fidelity Series Value Discovery Fund (a) 549 6,791 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $65,669)  66,892 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 298 3,050 
Fidelity Series Emerging Markets Fund (a) 214 2,015 
Fidelity Series Emerging Markets Opportunities Fund (a) 863 18,102 
Fidelity Series International Growth Fund (a) 422 7,924 
Fidelity Series International Index Fund (a) 329 3,272 
Fidelity Series International Small Cap Fund (a) 157 2,792 
Fidelity Series International Value Fund (a) 912 7,865 
Fidelity Series Overseas Fund (a) 708 7,912 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $49,842)  52,932 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 88 796 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series High Income Fund (a) 97 883 
Fidelity Series Inflation-Protected Bond Index Fund (a) 246 2,631 
Fidelity Series International Credit Fund (a) 54 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 290 2,998 
Fidelity Series Real Estate Income Fund (a) 53 530 
TOTAL BOND FUNDS   
(Cost $7,742)  8,068 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 153 153 
Fidelity Series Short-Term Credit Fund (a) 21 214 
Fidelity Series Treasury Bill Index Fund (a) 144 1,439 
TOTAL SHORT-TERM FUNDS   
(Cost $1,798)  1,806 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $125,051)  129,698 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,698 

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 Blue Chip Growth Fund $9,836 $3,913 $2,555 $2,849 $535 $2,613 $14,342 
Fidelity Series Canada Fund 2,317 368 194 -- (33) 592 3,050 
Fidelity Series Commodity Strategy Fund 3,433 194 748 14 (182) 573 3,270 
Fidelity Series Emerging Markets Debt Fund 702 21 13 20 (2) 88 796 
Fidelity Series Emerging Markets Fund 1,220 367 32 -- (2) 462 2,015 
Fidelity Series Emerging Markets Opportunities Fund 11,225 2,786 235 -- 4,325 18,102 
Fidelity Series Floating Rate High Income Fund 157 -- -- 16 176 
Fidelity Series Government Money Market Fund 0.16% 958 597 1,402 -- -- 153 
Fidelity Series High Income Fund 776 24 -- 23 -- 83 883 
Fidelity Series Inflation-Protected Bond Index Fund 2,307 499 314 -- 139 2,631 
Fidelity Series International Credit Fund 49 -- -- 54 
Fidelity Series International Growth Fund 6,847 471 1,317 -- 59 1,864 7,924 
Fidelity Series International Index Fund 2,700 151 149 -- (13) 583 3,272 
Fidelity Series International Small Cap Fund 2,052 84 24 -- (2) 682 2,792 
Fidelity Series International Value Fund 6,618 453 586 -- (101) 1,481 7,865 
Fidelity Series Large Cap Growth Index Fund 7,400 429 1,567 165 246 2,793 9,301 
Fidelity Series Large Cap Stock Fund 7,687 1,069 252 338 (3) 1,390 9,891 
Fidelity Series Large Cap Value Index Fund 14,213 1,841 416 -- (46) 2,998 18,590 
Fidelity Series Long-Term Treasury Bond Index Fund 2,583 880 384 68 41 (122) 2,998 
Fidelity Series Overseas Fund 6,558 569 1,101 -- (59) 1,945 7,912 
Fidelity Series Real Estate Income Fund 433 17 -- 17 -- 80 530 
Fidelity Series Short-Term Credit Fund 204 -- -- 214 
Fidelity Series Small Cap Opportunities Fund 3,607 487 305 28 (45) 963 4,707 
Fidelity Series Treasury Bill Index Fund 2,708 10 1,270 10 (4) (5) 1,439 
Fidelity Series Value Discovery Fund 4,499 1,209 41 -- -- 1,124 6,791 
 $101,089 $16,445 $12,905 $3,542 $390 $24,679 $129,698 

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 September 30, 2020, 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:     
Domestic Equity Funds $66,892 $66,892 $-- $-- 
International Equity Funds 52,932 52,932 -- -- 
Bond Funds 8,068 8,068 -- -- 
Short-Term Funds 1,806 1,806 -- -- 
Total Investments in Securities: $129,698 $129,698 $-- $-- 

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


Fidelity Flex® Freedom Blend 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $125,051) $129,698  
Total Investment in Securities (cost $125,051)  $129,698 
Receivable for investments sold  711 
Total assets  130,409 
Liabilities   
Payable for investments purchased $711  
Total liabilities  711 
Net Assets  $129,698 
Net Assets consist of:   
Paid in capital  $121,605 
Total accumulated earnings (loss)  8,093 
Net Assets  $129,698 
Net Asset Value, offering price and redemption price per share ($129,698 ÷ 12,174 shares)  $10.65 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $354 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  353 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 390  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,188  
Total net realized gain (loss)  3,578 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,679  
Total change in net unrealized appreciation (depreciation)  24,679 
Net gain (loss)  28,257 
Net increase (decrease) in net assets resulting from operations  $28,610 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $353 $2,705 
Net realized gain (loss) 3,578 2,975 
Change in net unrealized appreciation (depreciation) 24,679 (17,265) 
Net increase (decrease) in net assets resulting from operations 28,610 (11,585) 
Distributions to shareholders (2,009) (8,422) 
Share transactions   
Reinvestment of distributions 2,008 8,422 
Net increase (decrease) in net assets resulting from share transactions 2,008 8,422 
Total increase (decrease) in net assets 28,609 (11,585) 
Net Assets   
Beginning of period 101,089 112,674 
End of period $129,698 $101,089 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 219 828 
Net increase (decrease) 219 828 

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


Financial Highlights

Fidelity Flex Freedom Blend 2040 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.46 $10.13 $10.66 $10.00 
Income from Investment Operations     
Net investment income (loss)B .03 .23 .22 .17 
Net realized and unrealized gain (loss) 2.33 (1.16) C .82 
Total from investment operations 2.36 (.93) .22 .99 
Distributions from net investment income (.01) (.24) (.22) (.17) 
Distributions from net realized gain (.16) (.51) (.53) (.17) 
Total distributions (.17) (.74)D (.75) (.33)D 
Net asset value, end of period $10.65 $8.46 $10.13 $10.66 
Total ReturnE 28.20% (10.27)% 2.57% 9.89% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) .59%H 2.30% 2.13% 2.01%H 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $101 $113 $110 
Portfolio turnover rateG 22%H 61% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.0 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.3 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2045 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 867 $14,308 
Fidelity Series Commodity Strategy Fund (a) 786 3,270 
Fidelity Series Large Cap Growth Index Fund (a) 661 9,415 
Fidelity Series Large Cap Stock Fund (a) 696 9,857 
Fidelity Series Large Cap Value Index Fund (a) 1,602 18,591 
Fidelity Series Small Cap Opportunities Fund (a) 368 4,695 
Fidelity Series Value Discovery Fund (a) 547 6,758 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $65,640)  66,894 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 298 3,051 
Fidelity Series Emerging Markets Fund (a) 214 2,015 
Fidelity Series Emerging Markets Opportunities Fund (a) 863 18,102 
Fidelity Series International Growth Fund (a) 422 7,924 
Fidelity Series International Index Fund (a) 329 3,272 
Fidelity Series International Small Cap Fund (a) 157 2,792 
Fidelity Series International Value Fund (a) 912 7,865 
Fidelity Series Overseas Fund (a) 708 7,913 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $49,810)  52,934 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 88 796 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series High Income Fund (a) 97 883 
Fidelity Series Inflation-Protected Bond Index Fund (a) 246 2,631 
Fidelity Series International Credit Fund (a) 54 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 290 2,999 
Fidelity Series Real Estate Income Fund (a) 53 529 
TOTAL BOND FUNDS   
(Cost $7,741)  8,068 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 153 153 
Fidelity Series Short-Term Credit Fund (a) 21 214 
Fidelity Series Treasury Bill Index Fund (a) 144 1,440 
TOTAL SHORT-TERM FUNDS   
(Cost $1,799)  1,807 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $124,990)  129,703 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,703 

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 Blue Chip Growth Fund $9,836 $3,957 $2,635 $2,849 $526 $2,624 $14,308 
Fidelity Series Canada Fund 2,431 265 208 -- (30) 593 3,051 
Fidelity Series Commodity Strategy Fund 3,433 193 747 14 (183) 574 3,270 
Fidelity Series Emerging Markets Debt Fund 698 21 20 (2) 88 796 
Fidelity Series Emerging Markets Fund 1,220 367 32 -- (2) 462 2,015 
Fidelity Series Emerging Markets Opportunities Fund 11,227 2,794 244 -- -- 4,325 18,102 
Fidelity Series Floating Rate High Income Fund 157 -- -- 16 176 
Fidelity Series Government Money Market Fund 0.16% 957 597 1,401 -- -- 153 
Fidelity Series High Income Fund 776 24 -- 23 -- 83 883 
Fidelity Series Inflation-Protected Bond Index Fund 2,308 498 314 -- 139 2,631 
Fidelity Series International Credit Fund 49 -- -- 54 
Fidelity Series International Growth Fund 6,838 481 1,314 -- 66 1,853 7,924 
Fidelity Series International Index Fund 2,700 170 168 -- (17) 587 3,272 
Fidelity Series International Small Cap Fund 2,018 110 13 -- (1) 678 2,792 
Fidelity Series International Value Fund 6,577 600 699 -- (118) 1,505 7,865 
Fidelity Series Large Cap Growth Index Fund 7,401 391 1,417 165 219 2,821 9,415 
Fidelity Series Large Cap Stock Fund 7,687 1,131 352 337 (3) 1,394 9,857 
Fidelity Series Large Cap Value Index Fund 14,215 1,839 415 -- (49) 3,001 18,591 
Fidelity Series Long-Term Treasury Bond Index Fund 2,583 882 385 68 41 (122) 2,999 
Fidelity Series Overseas Fund 6,538 589 1,094 -- (57) 1,937 7,913 
Fidelity Series Real Estate Income Fund 432 17 -- 17 -- 80 529 
Fidelity Series Short-Term Credit Fund 204 -- -- 214 
Fidelity Series Small Cap Opportunities Fund 3,608 478 306 28 (46) 961 4,695 
Fidelity Series Treasury Bill Index Fund 2,708 11 1,270 10 (4) (5) 1,440 
Fidelity Series Value Discovery Fund 4,499 1,175 33 -- (1) 1,118 6,758 
 $101,100 $16,596 $13,056 $3,541 $339 $24,724 $129,703 

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 September 30, 2020, 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:     
Domestic Equity Funds $66,894 $66,894 $-- $-- 
International Equity Funds 52,934 52,934 -- -- 
Bond Funds 8,068 8,068 -- -- 
Short-Term Funds 1,807 1,807 -- -- 
Total Investments in Securities: $129,703 $129,703 $-- $-- 

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


Fidelity Flex® Freedom Blend 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $124,990) $129,703  
Total Investment in Securities (cost $124,990)  $129,703 
Receivable for investments sold  597 
Total assets  130,300 
Liabilities   
Payable for investments purchased $597  
Total liabilities  597 
Net Assets  $129,703 
Net Assets consist of:   
Paid in capital  $121,607 
Total accumulated earnings (loss)  8,096 
Net Assets  $129,703 
Net Asset Value, offering price and redemption price per share ($129,703 ÷ 12,174 shares)  $10.65 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $352 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  351 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 339  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,189  
Total net realized gain (loss)  3,528 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,724  
Total change in net unrealized appreciation (depreciation)  24,724 
Net gain (loss)  28,252 
Net increase (decrease) in net assets resulting from operations  $28,603 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $351 $2,704 
Net realized gain (loss) 3,528 2,962 
Change in net unrealized appreciation (depreciation) 24,724 (17,257) 
Net increase (decrease) in net assets resulting from operations 28,603 (11,591) 
Distributions to shareholders (1,997) (8,434) 
Share transactions   
Reinvestment of distributions 1,997 8,434 
Net increase (decrease) in net assets resulting from share transactions 1,997 8,434 
Total increase (decrease) in net assets 28,603 (11,591) 
Net Assets   
Beginning of period 101,100 112,691 
End of period $129,703 $101,100 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 218 829 
Net increase (decrease) 218 829 

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


Financial Highlights

Fidelity Flex Freedom Blend 2045 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.46 $10.13 $10.66 $10.00 
Income from Investment Operations     
Net investment income (loss)B .03 .23 .22 .17 
Net realized and unrealized gain (loss) 2.33 (1.16) C .82 
Total from investment operations 2.36 (.93) .22 .99 
Distributions from net investment income (.01) (.23) (.22) (.17) 
Distributions from net realized gain (.16) (.51) (.53) (.17) 
Total distributions (.17) (.74) (.75) (.33)D 
Net asset value, end of period $10.65 $8.46 $10.13 $10.66 
Total ReturnE 28.18% (10.26)% 2.55% 9.91% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) .58%H 2.30% 2.13% 2.00%H 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $101 $113 $110 
Portfolio turnover rateG 22%H 61% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.3 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2050 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 869 $14,339 
Fidelity Series Commodity Strategy Fund (a) 786 3,270 
Fidelity Series Large Cap Growth Index Fund (a) 653 9,300 
Fidelity Series Large Cap Stock Fund (a) 698 9,889 
Fidelity Series Large Cap Value Index Fund (a) 1,602 18,587 
Fidelity Series Small Cap Opportunities Fund (a) 369 4,706 
Fidelity Series Value Discovery Fund (a) 549 6,790 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $65,628)  66,881 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 298 3,050 
Fidelity Series Emerging Markets Fund (a) 214 2,014 
Fidelity Series Emerging Markets Opportunities Fund (a) 863 18,099 
Fidelity Series International Growth Fund (a) 422 7,923 
Fidelity Series International Index Fund (a) 329 3,271 
Fidelity Series International Small Cap Fund (a) 157 2,791 
Fidelity Series International Value Fund (a) 912 7,864 
Fidelity Series Overseas Fund (a) 708 7,911 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $49,821)  52,923 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 88 796 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series High Income Fund (a) 97 883 
Fidelity Series Inflation-Protected Bond Index Fund (a) 246 2,630 
Fidelity Series International Credit Fund (a) 54 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 290 2,998 
Fidelity Series Real Estate Income Fund (a) 53 531 
TOTAL BOND FUNDS   
(Cost $7,741)  8,068 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 153 153 
Fidelity Series Short-Term Credit Fund (a) 21 214 
Fidelity Series Treasury Bill Index Fund (a) 144 1,439 
TOTAL SHORT-TERM FUNDS   
(Cost $1,797)  1,806 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $124,987)  129,678 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,678 

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 Blue Chip Growth Fund $9,835 $4,039 $2,665 $2,850 $514 $2,616 $14,339 
Fidelity Series Canada Fund 2,357 362 231 -- (35) 597 3,050 
Fidelity Series Commodity Strategy Fund 3,432 195 748 14 (181) 572 3,270 
Fidelity Series Emerging Markets Debt Fund 698 20 20 (2) 88 796 
Fidelity Series Emerging Markets Fund 1,220 366 31 -- (2) 461 2,014 
Fidelity Series Emerging Markets Opportunities Fund 11,225 2,802 254 -- (1) 4,327 18,099 
Fidelity Series Floating Rate High Income Fund 157 -- -- 16 176 
Fidelity Series Government Money Market Fund 0.16% 958 596 1,401 -- -- 153 
Fidelity Series High Income Fund 776 24 -- 23 -- 83 883 
Fidelity Series Inflation-Protected Bond Index Fund 2,307 499 315 -- 139 2,630 
Fidelity Series International Credit Fund 49 -- -- 54 
Fidelity Series International Growth Fund 6,837 553 1,389 -- 69 1,853 7,923 
Fidelity Series International Index Fund 2,700 146 145 -- (13) 583 3,271 
Fidelity Series International Small Cap Fund 2,052 102 42 -- (3) 682 2,791 
Fidelity Series International Value Fund 6,541 521 581 -- (103) 1,486 7,864 
Fidelity Series Large Cap Growth Index Fund 7,400 461 1,605 165 251 2,793 9,300 
Fidelity Series Large Cap Stock Fund 7,686 1,175 363 337 (5) 1,396 9,889 
Fidelity Series Large Cap Value Index Fund 14,209 1,839 412 -- (49) 3,000 18,587 
Fidelity Series Long-Term Treasury Bond Index Fund 2,583 881 385 68 41 (122) 2,998 
Fidelity Series Overseas Fund 6,609 541 1,121 -- (59) 1,941 7,911 
Fidelity Series Real Estate Income Fund 434 17 -- 17 -- 80 531 
Fidelity Series Short-Term Credit Fund 204 -- -- 214 
Fidelity Series Small Cap Opportunities Fund 3,608 665 487 28 (73) 993 4,706 
Fidelity Series Treasury Bill Index Fund 2,708 10 1,270 10 (4) (5) 1,439 
Fidelity Series Value Discovery Fund 4,499 1,247 74 -- 1,116 6,790 
 $101,084 $17,067 $13,527 $3,542 $347 $24,707 $129,678 

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

The following is a summary of the inputs used, as of September 30, 2020, 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:     
Domestic Equity Funds $66,881 $66,881 $-- $-- 
International Equity Funds 52,923 52,923 -- -- 
Bond Funds 8,068 8,068 -- -- 
Short-Term Funds 1,806 1,806 -- -- 
Total Investments in Securities: $129,678 $129,678 $-- $-- 

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


Fidelity Flex® Freedom Blend 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $124,987) $129,678  
Total Investment in Securities (cost $124,987)  $129,678 
Receivable for investments sold  712 
Total assets  130,390 
Liabilities   
Payable for investments purchased $712  
Total liabilities  712 
Net Assets  $129,678 
Net Assets consist of:   
Paid in capital  $121,595 
Total accumulated earnings (loss)  8,083 
Net Assets  $129,678 
Net Asset Value, offering price and redemption price per share ($129,678 ÷ 12,173 shares)  $10.65 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $354 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  353 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 347  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,188  
Total net realized gain (loss)  3,535 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,707  
Total change in net unrealized appreciation (depreciation)  24,707 
Net gain (loss)  28,242 
Net increase (decrease) in net assets resulting from operations  $28,595 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $353 $2,705 
Net realized gain (loss) 3,535 2,961 
Change in net unrealized appreciation (depreciation) 24,707 (17,258) 
Net increase (decrease) in net assets resulting from operations 28,595 (11,592) 
Distributions to shareholders (1,997) (8,443) 
Share transactions   
Reinvestment of distributions 1,996 8,443 
Net increase (decrease) in net assets resulting from share transactions 1,996 8,443 
Total increase (decrease) in net assets 28,594 (11,592) 
Net Assets   
Beginning of period 101,084 112,676 
End of period $129,678 $101,084 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 218 830 
Net increase (decrease) 218 830 

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


Financial Highlights

Fidelity Flex Freedom Blend 2050 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.46 $10.13 $10.66 $10.00 
Income from Investment Operations     
Net investment income (loss)B .03 .23 .22 .17 
Net realized and unrealized gain (loss) 2.33 (1.15) C .82 
Total from investment operations 2.36 (.92) .22 .99 
Distributions from net investment income (.01) (.23) (.22) (.17) 
Distributions from net realized gain (.16) (.51) (.53) (.16) 
Total distributions (.17) (.75)D (.75) (.33) 
Net asset value, end of period $10.65 $8.46 $10.13 $10.66 
Total ReturnE 28.18% (10.25)% 2.55% 9.89% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) .59%H 2.30% 2.13% 2.00%H 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $101 $113 $110 
Portfolio turnover rateG 23%H 61% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2055 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 869 $14,345 
Fidelity Series Commodity Strategy Fund (a) 786 3,271 
Fidelity Series Large Cap Growth Index Fund (a) 653 9,294 
Fidelity Series Large Cap Stock Fund (a) 699 9,894 
Fidelity Series Large Cap Value Index Fund (a) 1,613 18,715 
Fidelity Series Small Cap Opportunities Fund (a) 369 4,708 
Fidelity Series Value Discovery Fund (a) 541 6,683 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $65,709)  66,910 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 298 3,052 
Fidelity Series Emerging Markets Fund (a) 214 2,015 
Fidelity Series Emerging Markets Opportunities Fund (a) 863 18,107 
Fidelity Series International Growth Fund (a) 422 7,927 
Fidelity Series International Index Fund (a) 329 3,273 
Fidelity Series International Small Cap Fund (a) 157 2,792 
Fidelity Series International Value Fund (a) 913 7,868 
Fidelity Series Overseas Fund (a) 708 7,915 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $49,835)  52,949 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 88 796 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series High Income Fund (a) 97 883 
Fidelity Series Inflation-Protected Bond Index Fund (a) 246 2,635 
Fidelity Series International Credit Fund (a) 41 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 291 3,003 
Fidelity Series Real Estate Income Fund (a) 53 530 
TOTAL BOND FUNDS   
(Cost $7,739)  8,064 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 151 151 
Fidelity Series Short-Term Credit Fund (a) 21 214 
Fidelity Series Treasury Bill Index Fund (a) 144 1,445 
TOTAL SHORT-TERM FUNDS   
(Cost $1,802)  1,810 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $125,085)  129,733 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,733 

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 Blue Chip Growth Fund $9,837 $3,920 $2,566 $2,847 $530 $2,624 $14,345 
Fidelity Series Canada Fund 2,519 219 253 -- (45) 612 3,052 
Fidelity Series Commodity Strategy Fund 3,433 190 743 14 (183) 574 3,271 
Fidelity Series Emerging Markets Debt Fund 705 21 16 20 (3) 89 796 
Fidelity Series Emerging Markets Fund 1,221 379 45 -- (3) 463 2,015 
Fidelity Series Emerging Markets Opportunities Fund 11,230 2,792 244 -- (1) 4,330 18,107 
Fidelity Series Floating Rate High Income Fund 157 -- -- 16 176 
Fidelity Series Government Money Market Fund 0.16% 957 596 1,402 -- -- 151 
Fidelity Series High Income Fund 777 23 -- 23 -- 83 883 
Fidelity Series Inflation-Protected Bond Index Fund 2,308 494 306 -- 139 2,635 
Fidelity Series International Credit Fund 37 -- -- 41 
Fidelity Series International Growth Fund 6,827 517 1,337 -- 67 1,853 7,927 
Fidelity Series International Index Fund 2,704 148 149 -- (12) 582 3,273 
Fidelity Series International Small Cap Fund 2,017 110 11 -- (1) 677 2,792 
Fidelity Series International Value Fund 6,451 726 696 -- (115) 1,502 7,868 
Fidelity Series Large Cap Growth Index Fund 7,401 499 1,652 165 255 2,791 9,294 
Fidelity Series Large Cap Stock Fund 7,688 1,071 252 337 (2) 1,389 9,894 
Fidelity Series Large Cap Value Index Fund 14,212 1,955 405 -- (48) 3,001 18,715 
Fidelity Series Long-Term Treasury Bond Index Fund 2,584 882 382 68 41 (122) 3,003 
Fidelity Series Overseas Fund 6,598 474 1,035 -- (54) 1,932 7,915 
Fidelity Series Real Estate Income Fund 433 17 -- 17 -- 80 530 
Fidelity Series Short-Term Credit Fund 204 -- -- 214 
Fidelity Series Small Cap Opportunities Fund 3,609 485 305 28 (44) 963 4,708 
Fidelity Series Treasury Bill Index Fund 2,710 10 1,266 10 (4) (5) 1,445 
Fidelity Series Value Discovery Fund 4,500 1,100 31 -- -- 1,114 6,683 
 $101,119 $16,634 $13,096 $3,539 $378 $24,698 $129,733 

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 September 30, 2020, 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:     
Domestic Equity Funds $66,910 $66,910 $-- $-- 
International Equity Funds 52,949 52,949 -- -- 
Bond Funds 8,064 8,064 -- -- 
Short-Term Funds 1,810 1,810 -- -- 
Total Investments in Securities: $129,733 $129,733 $-- $-- 

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


Fidelity Flex® Freedom Blend 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $125,085) $129,733  
Total Investment in Securities (cost $125,085)  $129,733 
Receivable for investments sold  697 
Total assets  130,430 
Liabilities   
Payable for investments purchased $697  
Total liabilities  697 
Net Assets  $129,733 
Net Assets consist of:   
Paid in capital  $121,680 
Total accumulated earnings (loss)  8,053 
Net Assets  $129,733 
Net Asset Value, offering price and redemption price per share ($129,733 ÷ 12,182 shares)  $10.65 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $352 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  351 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 378  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,187  
Total net realized gain (loss)  3,565 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,698  
Total change in net unrealized appreciation (depreciation)  24,698 
Net gain (loss)  28,263 
Net increase (decrease) in net assets resulting from operations  $28,614 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $351 $2,705 
Net realized gain (loss) 3,565 3,006 
Change in net unrealized appreciation (depreciation) 24,698 (17,283) 
Net increase (decrease) in net assets resulting from operations 28,614 (11,572) 
Distributions to shareholders (2,045) (8,457) 
Share transactions   
Reinvestment of distributions 2,045 8,457 
Net increase (decrease) in net assets resulting from share transactions 2,045 8,457 
Total increase (decrease) in net assets 28,614 (11,572) 
Net Assets   
Beginning of period 101,119 112,691 
End of period $129,733 $101,119 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 223 832 
Net increase (decrease) 223 832 

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


Financial Highlights

Fidelity Flex Freedom Blend 2055 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.46 $10.13 $10.66 $10.00 
Income from Investment Operations     
Net investment income (loss)B .03 .23 .22 .17 
Net realized and unrealized gain (loss) 2.33 (1.15) C .82 
Total from investment operations 2.36 (.92) .22 .99 
Distributions from net investment income (.01) (.24) (.22) (.17) 
Distributions from net realized gain (.17) (.51) (.53) (.17) 
Total distributions (.17)D (.75) (.75) (.33)D 
Net asset value, end of period $10.65 $8.46 $10.13 $10.66 
Total ReturnE 28.24% (10.24)% 2.56% 9.90% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) .58%H 2.30% 2.13% 2.00%H 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $101 $113 $110 
Portfolio turnover rateG 22%H 61% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® 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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2060 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 869 $14,344 
Fidelity Series Commodity Strategy Fund (a) 786 3,271 
Fidelity Series Large Cap Growth Index Fund (a) 653 9,293 
Fidelity Series Large Cap Stock Fund (a) 699 9,892 
Fidelity Series Large Cap Value Index Fund (a) 1,613 18,710 
Fidelity Series Small Cap Opportunities Fund (a) 369 4,708 
Fidelity Series Value Discovery Fund (a) 541 6,683 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $65,668)  66,901 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 298 3,052 
Fidelity Series Emerging Markets Fund (a) 214 2,015 
Fidelity Series Emerging Markets Opportunities Fund (a) 863 18,105 
Fidelity Series International Growth Fund (a) 422 7,926 
Fidelity Series International Index Fund (a) 329 3,273 
Fidelity Series International Small Cap Fund (a) 157 2,792 
Fidelity Series International Value Fund (a) 913 7,867 
Fidelity Series Overseas Fund (a) 708 7,914 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $49,899)  52,944 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 88 796 
Fidelity Series Floating Rate High Income Fund (a) 20 176 
Fidelity Series High Income Fund (a) 97 883 
Fidelity Series Inflation-Protected Bond Index Fund (a) 246 2,635 
Fidelity Series International Credit Fund (a) 41 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 291 3,002 
Fidelity Series Real Estate Income Fund (a) 53 530 
TOTAL BOND FUNDS   
(Cost $7,737)  8,063 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 153 153 
Fidelity Series Short-Term Credit Fund (a) 21 215 
Fidelity Series Treasury Bill Index Fund (a) 144 1,443 
TOTAL SHORT-TERM FUNDS   
(Cost $1,802)  1,811 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $125,106)  129,719 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $129,719 

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 Blue Chip Growth Fund $9,838 $4,114 $2,747 $2,850 $522 $2,617 $14,344 
Fidelity Series Canada Fund 2,457 233 201 -- (25) 588 3,052 
Fidelity Series Commodity Strategy Fund 3,433 192 744 14 (170) 560 3,271 
Fidelity Series Emerging Markets Debt Fund 705 21 16 20 (3) 89 796 
Fidelity Series Emerging Markets Fund 1,221 379 45 -- (3) 463 2,015 
Fidelity Series Emerging Markets Opportunities Fund 11,231 2,791 244 -- -- 4,327 18,105 
Fidelity Series Floating Rate High Income Fund 157 -- -- 16 176 
Fidelity Series Government Money Market Fund 0.16% 956 600 1,403 -- -- 153 
Fidelity Series High Income Fund 777 23 -- 23 -- 83 883 
Fidelity Series Inflation-Protected Bond Index Fund 2,308 493 306 -- 140 2,635 
Fidelity Series International Credit Fund 37 -- -- 41 
Fidelity Series International Growth Fund 6,825 361 1,192 -- 80 1,852 7,926 
Fidelity Series International Index Fund 2,704 147 148 -- (11) 581 3,273 
Fidelity Series International Small Cap Fund 2,017 116 17 -- (1) 677 2,792 
Fidelity Series International Value Fund 6,511 549 570 -- (68) 1,445 7,867 
Fidelity Series Large Cap Growth Index Fund 7,402 387 1,538 165 251 2,791 9,293 
Fidelity Series Large Cap Stock Fund 7,689 1,166 354 337 (5) 1,396 9,892 
Fidelity Series Large Cap Value Index Fund 14,214 1,950 406 -- (47) 2,999 18,710 
Fidelity Series Long-Term Treasury Bond Index Fund 2,584 880 382 68 42 (122) 3,002 
Fidelity Series Overseas Fund 6,598 574 1,132 -- (53) 1,927 7,914 
Fidelity Series Real Estate Income Fund 433 17 -- 17 -- 80 530 
Fidelity Series Short-Term Credit Fund 205 -- -- 215 
Fidelity Series Small Cap Opportunities Fund 3,610 665 487 28 (74) 994 4,708 
Fidelity Series Treasury Bill Index Fund 2,710 10 1,268 10 (4) (5) 1,443 
Fidelity Series Value Discovery Fund 4,500 1,139 73 -- 1,115 6,683 
 $101,122 $16,813 $13,273 $3,542 $433 $24,624 $129,719 

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 September 30, 2020, 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:     
Domestic Equity Funds $66,901 $66,901 $-- $-- 
International Equity Funds 52,944 52,944 -- -- 
Bond Funds 8,063 8,063 -- -- 
Short-Term Funds 1,811 1,811 -- -- 
Total Investments in Securities: $129,719 $129,719 $-- $-- 

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


Fidelity Flex® Freedom Blend 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $125,106) $129,719  
Total Investment in Securities (cost $125,106)  $129,719 
Receivable for investments sold  697 
Total assets  130,416 
Liabilities   
Payable for investments purchased $697  
Total liabilities  697 
Net Assets  $129,719 
Net Assets consist of:   
Paid in capital  $121,665 
Total accumulated earnings (loss)  8,054 
Net Assets  $129,719 
Net Asset Value, offering price and redemption price per share ($129,719 ÷ 12,182 shares)  $10.65 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $355 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  354 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 433  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,187  
Total net realized gain (loss)  3,620 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,624  
Total change in net unrealized appreciation (depreciation)  24,624 
Net gain (loss)  28,244 
Net increase (decrease) in net assets resulting from operations  $28,598 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $354 $2,709 
Net realized gain (loss) 3,620 2,987 
Change in net unrealized appreciation (depreciation) 24,624 (17,258) 
Net increase (decrease) in net assets resulting from operations 28,598 (11,562) 
Distributions to shareholders (2,057) (8,455) 
Share transactions   
Reinvestment of distributions 2,056 8,455 
Net increase (decrease) in net assets resulting from share transactions 2,056 8,455 
Total increase (decrease) in net assets 28,597 (11,562) 
Net Assets   
Beginning of period 101,122 112,684 
End of period $129,719 $101,122 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 225 832 
Net increase (decrease) 225 832 

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


Financial Highlights

Fidelity Flex Freedom Blend 2060 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,   
 2020 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $8.46 $10.13 $10.66 $10.00 
Income from Investment Operations     
Net investment income (loss)B .03 .23 .22 .17 
Net realized and unrealized gain (loss) 2.33 (1.15) C .82 
Total from investment operations 2.36 (.92) .22 .99 
Distributions from net investment income (.01) (.24) (.22) (.17) 
Distributions from net realized gain (.17) (.51) (.53) (.17) 
Total distributions (.17)D (.75) (.75) (.33)D 
Net asset value, end of period $10.65 $8.46 $10.13 $10.66 
Total ReturnE 28.25% (10.24)% 2.55% 9.89% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H,I - %I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %I - %H 
Expenses net of all reductions - %H,I - %I - %I - %H 
Net investment income (loss) .59%H 2.30% 2.13% 2.00%H 
Supplemental Data     
Net assets, end of period (000 omitted) $130 $101 $113 $110 
Portfolio turnover rateG 22%H 62% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Flex® Freedom Blend 2065 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.2 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.2 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


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

Fidelity Flex® Freedom Blend 2065 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 746 $12,324 
Fidelity Series Commodity Strategy Fund (a) 676 2,810 
Fidelity Series Large Cap Growth Index Fund (a) 561 7,984 
Fidelity Series Large Cap Stock Fund (a) 600 8,500 
Fidelity Series Large Cap Value Index Fund (a) 1,386 16,077 
Fidelity Series Small Cap Opportunities Fund (a) 317 4,045 
Fidelity Series Value Discovery Fund (a) 465 5,742 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $56,520)  57,482 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 256 2,622 
Fidelity Series Emerging Markets Fund (a) 184 1,731 
Fidelity Series Emerging Markets Opportunities Fund (a) 741 15,556 
Fidelity Series International Growth Fund (a) 363 6,810 
Fidelity Series International Index Fund (a) 283 2,812 
Fidelity Series International Small Cap Fund (a) 135 2,399 
Fidelity Series International Value Fund (a) 784 6,759 
Fidelity Series Overseas Fund (a) 608 6,800 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,812)  45,489 
Bond Funds - 6.2%   
Fidelity Series Emerging Markets Debt Fund (a) 75 684 
Fidelity Series Floating Rate High Income Fund (a) 17 152 
Fidelity Series High Income Fund (a) 83 759 
Fidelity Series Inflation-Protected Bond Index Fund (a) 212 2,263 
Fidelity Series International Credit Fund (a) 33 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 250 2,579 
Fidelity Series Real Estate Income Fund (a) 46 459 
TOTAL BOND FUNDS   
(Cost $6,722)  6,929 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (b) 19 19 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 131 131 
Fidelity Series Short-Term Credit Fund (a) 18 184 
Fidelity Series Treasury Bill Index Fund (a) 124 1,240 
TOTAL SHORT-TERM FUNDS   
(Cost $1,570)  1,574 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $107,624)  111,474 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $111,474 

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 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 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 $8,452 $3,330 $2,163 $2,447 $352 $2,353 $12,324 
Fidelity Series Canada Fund 2,017 321 197 -- (41) 522 2,622 
Fidelity Series Commodity Strategy Fund 2,950 163 639 12 (135) 471 2,810 
Fidelity Series Emerging Markets Debt Fund 603 18 11 17 (2) 76 684 
Fidelity Series Emerging Markets Fund 1,048 327 39 -- (1) 396 1,731 
Fidelity Series Emerging Markets Opportunities Fund 9,645 2,403 209 -- (7) 3,724 15,556 
Fidelity Series Floating Rate High Income Fund 135 -- -- 14 152 
Fidelity Series Government Money Market Fund 0.16% 823 515 1,207 -- -- 131 
Fidelity Series High Income Fund 667 20 -- 20 -- 72 759 
Fidelity Series Inflation-Protected Bond Index Fund 1,983 422 262 -- 120 2,263 
Fidelity Series International Credit Fund 30 -- -- -- -- 33 
Fidelity Series International Growth Fund 5,875 460 1,174 -- 12 1,637 6,810 
Fidelity Series International Index Fund 2,319 127 124 -- (10) 500 2,812 
Fidelity Series International Small Cap Fund 1,735 97 14 -- -- 581 2,399 
Fidelity Series International Value Fund 5,654 511 601 -- (85) 1,280 6,759 
Fidelity Series Large Cap Growth Index Fund 6,359 405 1,398 142 220 2,398 7,984 
Fidelity Series Large Cap Stock Fund 6,606 1,011 312 290 (5) 1,200 8,500 
Fidelity Series Large Cap Value Index Fund 12,214 1,671 345 -- (39) 2,576 16,077 
Fidelity Series Long-Term Treasury Bond Index Fund 2,220 758 329 59 23 (93) 2,579 
Fidelity Series Overseas Fund 5,690 456 964 -- (52) 1,670 6,800 
Fidelity Series Real Estate Income Fund 375 14 -- 14 -- 70 459 
Fidelity Series Short-Term Credit Fund 175 -- -- 184 
Fidelity Series Small Cap Opportunities Fund 3,104 413 261 24 (49) 838 4,045 
Fidelity Series Treasury Bill Index Fund 2,327 1,088 (3) (5) 1,240 
Fidelity Series Value Discovery Fund 3,866 946 26 -- (1) 957 5,742 
 $86,872 $14,402 $11,363 $3,040 $177 $21,367 $111,455 

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 September 30, 2020, 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:     
Domestic Equity Funds $57,482 $57,482 $-- $-- 
International Equity Funds 45,489 45,489 -- -- 
Bond Funds 6,929 6,929 -- -- 
Short-Term Funds 1,574 1,574 -- -- 
Total Investments in Securities: $111,474 $111,474 $-- $-- 

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


Fidelity Flex® Freedom Blend 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $19) $19  
Other affiliated issuers (cost $107,605) 111,455  
Total Investment in Securities (cost $107,624)  $111,474 
Receivable for investments sold  600 
Total assets  112,074 
Liabilities   
Payable for investments purchased $600  
Total liabilities  600 
Net Assets  $111,474 
Net Assets consist of:   
Paid in capital  $104,784 
Total accumulated earnings (loss)  6,690 
Net Assets  $111,474 
Net Asset Value, offering price and redemption price per share ($111,474 ÷ 10,473 shares)  $10.64 

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $302 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  301 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 177  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,738  
Total net realized gain (loss)  2,915 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 21,367  
Total change in net unrealized appreciation (depreciation)  21,367 
Net gain (loss)  24,282 
Net increase (decrease) in net assets resulting from operations  $24,583 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) For the period
June 28, 2019 (commencement of operations) to March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $301 $2,211 
Net realized gain (loss) 2,915 2,197 
Change in net unrealized appreciation (depreciation) 21,367 (17,517) 
Net increase (decrease) in net assets resulting from operations 24,583 (13,109) 
Distributions to shareholders (1,404) (3,380) 
Share transactions   
Proceeds from sales of shares – 100,000 
Reinvestment of distributions 1,404 3,380 
Net increase (decrease) in net assets resulting from share transactions 1,404 103,380 
Total increase (decrease) in net assets 24,583 86,891 
Net Assets   
Beginning of period 86,891 – 
End of period $111,474 $86,891 
Other Information   
Shares   
Sold – 10,000 
Issued in reinvestment of distributions 153 320 
Net increase (decrease) 153 10,320 

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


Financial Highlights

Fidelity Flex Freedom Blend 2065 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.42 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .22 
Net realized and unrealized gain (loss) 2.33 (1.46) 
Total from investment operations 2.36 (1.24) 
Distributions from net investment income (.01) (.22) 
Distributions from net realized gain (.13) (.12) 
Total distributions (.14) (.34) 
Net asset value, end of period $10.64 $8.42 
Total ReturnC 28.24% (13.10)% 
Ratios to Average Net AssetsD,E   
Expenses before reductionsF - %G - %G 
Expenses net of fee waivers, if anyF - %G - %G 
Expenses net of all reductionsF - %G - %G 
Net investment income (loss) .58%G 2.88%G 
Supplemental Data   
Net assets, end of period (000 omitted) $111 $87 
Portfolio turnover rateE 22%G 208%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 F Amount represents less than .005%.

 G Annualized

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


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2020

1. Organization.

Fidelity Flex Freedom Blend Income Fund, Fidelity Flex Freedom Blend 2005 Fund, Fidelity Flex Freedom Blend 2010 Fund, Fidelity Flex Freedom Blend 2015 Fund, Fidelity Flex Freedom Blend 2020 Fund, Fidelity Flex Freedom Blend 2025 Fund, Fidelity Flex Freedom Blend 2030 Fund, Fidelity Flex Freedom Blend 2035 Fund, Fidelity Flex Freedom Blend 2040 Fund, Fidelity Flex Freedom Blend 2045 Fund, Fidelity Flex Freedom Blend 2050 Fund, Fidelity Flex Freedom Blend 2055 Fund, Fidelity Flex Freedom Blend 2060 Fund and Fidelity Flex Freedom Blend 2065 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 and advisory programs offered by Fidelity. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds.

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 the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.

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 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 – Investment 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 open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. The aggregate value of investments by input level as of September 30, 2020 is included at the end of each 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. Income and capital gain distributions from any underlying mutual funds or exchange-traded funds (ETFs) 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 any underlying mutual funds or exchange-traded funds (ETFs). Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of any underlying mutual funds or exchange-traded funds (ETFs) expenses through the impact of these expenses on each underlying mutual fund's or exchange-traded fund's (ETFs) NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

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

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

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

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 Blend Income Fund $113,068 $6,591 $(1,014) $5,577 
Fidelity Flex Freedom Blend 2005 Fund 114,844 6,878 (1,361) 5,517 
Fidelity Flex Freedom Blend 2010 Fund 116,759 7,332 (1,878) 5,454 
Fidelity Flex Freedom Blend 2015 Fund 118,507 7,929 (2,443) 5,486 
Fidelity Flex Freedom Blend 2020 Fund 119,941 8,367 (2,946) 5,421 
Fidelity Flex Freedom Blend 2025 Fund 121,195 8,766 (3,363) 5,403 
Fidelity Flex Freedom Blend 2030 Fund 123,544 9,034 (3,905) 5,129 
Fidelity Flex Freedom Blend 2035 Fund 125,487 9,321 (4,974) 4,347 
Fidelity Flex Freedom Blend 2040 Fund 125,607 9,494 (5,403) 4,091 
Fidelity Flex Freedom Blend 2045 Fund 125,535 9,556 (5,388) 4,168 
Fidelity Flex Freedom Blend 2050 Fund 125,586 9,479 (5,387) 4,092 
Fidelity Flex Freedom Blend 2055 Fund 125,627 9,441 (5,335) 4,106 
Fidelity Flex Freedom Blend 2060 Fund 125,660 9,406 (5,347) 4,059 
Fidelity Flex Freedom Blend 2065 Fund 108,066 7,586 (4,178) 3,408 

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 Flex Freedom Blend Income Fund 13,096 11,934 
Fidelity Flex Freedom Blend 2005 Fund 14,325 12,990 
Fidelity Flex Freedom Blend 2010 Fund 16,010 14,373 
Fidelity Flex Freedom Blend 2015 Fund 17,384 15,442 
Fidelity Flex Freedom Blend 2020 Fund 18,131 15,893 
Fidelity Flex Freedom Blend 2025 Fund 18,665 16,200 
Fidelity Flex Freedom Blend 2030 Fund 19,845 17,066 
Fidelity Flex Freedom Blend 2035 Fund 18,786 15,513 
Fidelity Flex Freedom Blend 2040 Fund 16,445 12,905 
Fidelity Flex Freedom Blend 2045 Fund 16,596 13,056 
Fidelity Flex Freedom Blend 2050 Fund 17,067 13,527 
Fidelity Flex Freedom Blend 2055 Fund 16,634 13,096 
Fidelity Flex Freedom Blend 2060 Fund 16,813 13,273 
Fidelity Flex Freedom Blend 2065 Fund 14,402 11,363 

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) 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. 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. 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 Blend Income Fund 100% 
Fidelity Flex Freedom Blend 2005 Fund 100% 
Fidelity Flex Freedom Blend 2010 Fund 100% 
Fidelity Flex Freedom Blend 2015 Fund 100% 
Fidelity Flex Freedom Blend 2020 Fund 100% 
Fidelity Flex Freedom Blend 2025 Fund 100% 
Fidelity Flex Freedom Blend 2030 Fund 100% 
Fidelity Flex Freedom Blend 2035 Fund 100% 
Fidelity Flex Freedom Blend 2040 Fund 100% 
Fidelity Flex Freedom Blend 2045 Fund 100% 
Fidelity Flex Freedom Blend 2050 Fund 100% 
Fidelity Flex Freedom Blend 2055 Fund 100% 
Fidelity Flex Freedom Blend 2060 Fund 100% 
Fidelity Flex Freedom Blend 2065 Fund 100% 

7. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include 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 a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2020 to September 30, 2020).

Actual Expenses

The first line of the accompanying table 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/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate 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,B Beginning
Account Value
April 1, 2020 
Ending
Account Value
September 30, 2020 
Expenses Paid
During Period
April 1, 2020
to September 30, 2020-C,D 
Fidelity Flex Freedom Blend Income Fund - %    
Actual  $1,000.00 $1,086.70 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2005 Fund - %    
Actual  $1,000.00 $1,102.00 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2010 Fund - %    
Actual  $1,000.00 $1,127.70 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2015 Fund - %    
Actual  $1,000.00 $1,152.30 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2020 Fund - %    
Actual  $1,000.00 $1,175.20 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2025 Fund - %    
Actual  $1,000.00 $1,194.90 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2030 Fund - %    
Actual  $1,000.00 $1,220.20 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2035 Fund - %    
Actual  $1,000.00 $1,261.20 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2040 Fund - %    
Actual  $1,000.00 $1,282.00 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2045 Fund - %    
Actual  $1,000.00 $1,281.80 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2050 Fund - %    
Actual  $1,000.00 $1,281.80 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2055 Fund - %    
Actual  $1,000.00 $1,282.40 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2060 Fund - %    
Actual  $1,000.00 $1,282.50 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 
Fidelity Flex Freedom Blend 2065 Fund - %    
Actual  $1,000.00 $1,282.40 $- 
Hypothetical-E  $1,000.00 $1,025.07 $- 

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

 B Amount represents less than .005%.

 C Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 D Amount represents less than $.005.

 E 5% return per year before expenses

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Flex Freedom Blend Funds

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

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

At its September 2020 meeting, the Board unanimously determined to renew each fund's Advisory Contract. In considering whether to renew the Advisory Contract for each fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and the fact that no fee is payable under the management contract was fair and reasonable.

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

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the funds notwithstanding the severe disruptions caused by the COVID-19 pandemic.

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

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

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

Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. The Board reviewed the absolute investment performance of each fund, as well as each fund's relative investment performance.

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

Competitiveness of Management Fee and Total Expense Ratio.  The Board noted that each fund is available exclusively through certain Fidelity fee-based accounts and advisory programs. The Board considered that each fund does not pay FMR a management fee for investment advisory services, but that FMR is indirectly compensated for its services out of Fidelity fee-based account and advisory program fees. The Board also noted that FMR or an affiliate undertakes to pay all operating expenses of each fund, except Independent Trustee fees and expenses, proxy and shareholder meeting expenses, interest, taxes, and extraordinary expenses (such as litigation expenses). The Board further noted that each fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable.

Based on its review, the Board considered that each fund does not pay a management fee and concluded that each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

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

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

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.

The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the funds were not relevant to the renewal of the Advisory Contracts because the funds pay no advisory fees and FMR or an affiliate bears all expenses of the funds, with limited exceptions.

Economies of Scale.  The Board concluded that because the funds pay no advisory fees and FMR or an affiliate bears all expenses of the funds with certain limited exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew the funds' Advisory Contracts.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation agreements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and outflows from actively managed equity funds; and (viii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

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





Fidelity Investments

XFC-SANN-1120
1.9884227.103




Fidelity Freedom® Blend Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065



Semi-Annual Report

September 30, 2020

Includes Fidelity and Fidelity Advisor share classes

Fidelity Investments
See the inside front cover for important information about access to your fund’s shareholder reports.


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

Note to Shareholders

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

Fidelity Freedom® Blend 2065 Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


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

You may also call 1-800-544-8544 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. © 2020 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 13.2 
Fidelity Series Inflation-Protected Bond Index Fund 12.0 
Fidelity Series Investment Grade Bond Fund 11.5 
Fidelity Series Government Bond Index Fund 10.4 
Fidelity Series Corporate Bond Fund 8.7 
Fidelity Series Investment Grade Securitized Fund 7.9 
Fidelity Series Government Money Market Fund 0.16% 6.6 
Fidelity Series Emerging Markets Opportunities Fund 6.4 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Commodity Strategy Fund 2.5 
 83.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 9.0% 
   International Equity Funds 12.5% 
   Bond Funds 54.7% 
   Short-Term Funds 23.8% 


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

Fidelity Freedom® Blend Income Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 9.0%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 48,343 $798,139 
Fidelity Series Commodity Strategy Fund (a) 334,862 1,393,024 
Fidelity Series Large Cap Growth Index Fund (a) 35,883 510,975 
Fidelity Series Large Cap Stock Fund (a) 38,878 550,513 
Fidelity Series Large Cap Value Index Fund (a) 89,759 1,041,209 
Fidelity Series Small Cap Opportunities Fund (a) 20,537 262,057 
Fidelity Series Value Discovery Fund (a) 30,579 377,954 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $4,768,971)  4,933,871 
International Equity Funds - 12.5%   
Fidelity Series Canada Fund (a) 26,731 273,462 
Fidelity Series Emerging Markets Fund (a) 41,623 392,505 
Fidelity Series Emerging Markets Opportunities Fund (a) 168,118 3,527,115 
Fidelity Series International Growth Fund (a) 37,962 712,927 
Fidelity Series International Index Fund (a) 29,523 293,463 
Fidelity Series International Small Cap Fund (a) 14,112 251,200 
Fidelity Series International Value Fund (a) 82,017 706,987 
Fidelity Series Overseas Fund (a) 63,606 711,115 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,110,109)  6,868,774 
Bond Funds - 54.7%   
Fidelity Series Corporate Bond Fund (a) 425,417 4,785,937 
Fidelity Series Emerging Markets Debt Fund (a) 40,192 364,136 
Fidelity Series Floating Rate High Income Fund (a) 8,838 78,216 
Fidelity Series Government Bond Index Fund (a) 508,484 5,720,449 
Fidelity Series High Income Fund (a) 43,807 399,518 
Fidelity Series Inflation-Protected Bond Index Fund (a) 616,919 6,601,038 
Fidelity Series Investment Grade Bond Fund (a) 520,132 6,366,421 
Fidelity Series Investment Grade Securitized Fund (a) 406,568 4,338,084 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 122,139 1,261,700 
Fidelity Series Real Estate Income Fund (a) 23,784 237,368 
TOTAL BOND FUNDS   
(Cost $28,332,294)  30,152,867 
Short-Term Funds - 23.8%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 3,641,207 3,641,207 
Fidelity Series Short-Term Credit Fund (a) 214,264 2,196,205 
Fidelity Series Treasury Bill Index Fund (a) 728,273 7,290,016 
TOTAL SHORT-TERM FUNDS   
(Cost $13,073,721)  13,127,477 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $52,285,095)  55,082,989 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,004) 
NET ASSETS - 100%  $55,081,985 

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 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 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 $355,531 $576,239 $268,051 $150,284 $27,591 $106,829 $798,139 
Fidelity Series Canada Fund 235,871 99,113 115,625 -- (17,592) 71,695 273,462 
Fidelity Series Commodity Strategy Fund 1,480,023 433,281 686,688 5,594 (79,240) 245,648 1,393,024 
Fidelity Series Corporate Bond Fund 3,341,347 1,649,111 582,514 64,518 5,285 372,708 4,785,937 
Fidelity Series Emerging Markets Debt Fund 273,292 100,431 45,119 8,709 (441) 35,973 364,136 
Fidelity Series Emerging Markets Fund 181,052 208,620 81,534 -- (3,222) 87,589 392,505 
Fidelity Series Emerging Markets Opportunities Fund 1,794,359 1,780,365 827,161 -- 13,657 765,895 3,527,115 
Fidelity Series Floating Rate High Income Fund 59,053 23,756 10,916 1,566 (75) 6,398 78,216 
Fidelity Series Government Bond Index Fund 5,206,475 1,674,506 1,142,564 40,057 285 (18,253) 5,720,449 
Fidelity Series Government Money Market Fund 0.16% 2,245,847 3,963,108 2,567,748 3,243 -- -- 3,641,207 
Fidelity Series High Income Fund 299,437 120,767 54,579 9,812 (288) 34,181 399,518 
Fidelity Series Inflation-Protected Bond Index Fund 5,263,372 1,874,604 884,800 4,766 2,665 345,197 6,601,038 
Fidelity Series International Growth Fund 697,239 228,512 397,111 -- 12,627 171,660 712,927 
Fidelity Series International Index Fund 252,292 119,008 132,863 -- (9,855) 64,881 293,463 
Fidelity Series International Small Cap Fund 201,686 67,706 84,031 -- (414) 66,253 251,200 
Fidelity Series International Value Fund 689,032 249,625 362,875 -- (30,879) 162,084 706,987 
Fidelity Series Investment Grade Bond Fund 5,083,603 1,862,189 902,633 74,703 4,395 318,867 6,366,421 
Fidelity Series Investment Grade Securitized Fund 3,543,334 1,338,412 589,288 24,822 (47) 45,673 4,338,084 
Fidelity Series Large Cap Growth Index Fund 247,587 273,187 152,260 7,470 8,891 133,570 510,975 
Fidelity Series Large Cap Stock Fund 255,848 371,840 129,909 18,432 (35) 52,769 550,513 
Fidelity Series Large Cap Value Index Fund 489,718 639,080 204,951 -- 5,825 111,537 1,041,209 
Fidelity Series Long-Term Treasury Bond Index Fund 1,076,791 427,557 207,629 29,665 (75) (34,944) 1,261,700 
Fidelity Series Overseas Fund 677,636 261,274 413,774 -- (5,767) 191,746 711,115 
Fidelity Series Real Estate Income Fund 162,999 76,509 34,206 6,974 (1,001) 33,067 237,368 
Fidelity Series Short-Term Credit Fund 2,093,791 23,888 -- 23,887 -- 78,526 2,196,205 
Fidelity Series Small Cap Opportunities Fund 118,432 169,094 66,551 1,484 (2,632) 43,714 262,057 
Fidelity Series Treasury Bill Index Fund 7,146,861 220,561 55,655 28,807 (38) (21,713) 7,290,016 
Fidelity Series Value Discovery Fund 142,099 263,471 73,187 -- (710) 46,281 377,954 
 43,614,607 19,095,814 11,074,222 504,793 (71,090) 3,517,831 55,082,940 

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

The following is a summary of the inputs used, as of September 30, 2020, 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:     
Domestic Equity Funds $4,933,871 $4,933,871 $-- $-- 
International Equity Funds 6,868,774 6,868,774 -- -- 
Bond Funds 30,152,867 30,152,867 -- -- 
Short-Term Funds 13,127,477 13,127,477 -- -- 
Total Investments in Securities: $55,082,989 $55,082,989 $-- $-- 

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


Fidelity Freedom® Blend Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $52,285,046) 55,082,940  
Total Investment in Securities (cost $52,285,095)  $55,082,989 
Cash  275 
Receivable for investments sold  18,123 
Receivable for fund shares sold  789,893 
Total assets  55,891,280 
Liabilities   
Payable for investments purchased $795,482  
Payable for fund shares redeemed 273  
Accrued management fee 12,885  
Distribution and service plan fees payable 655  
Total liabilities  809,295 
Net Assets  $55,081,985 
Net Assets consist of:   
Paid in capital  $52,269,328 
Total accumulated earnings (loss)  2,812,657 
Net Assets  $55,081,985 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,406,107 ÷ 131,008 shares)(a)  $10.73 
Maximum offering price per share (100/94.25 of $10.73)  $11.38 
Class M:   
Net Asset Value and redemption price per share ($180,385 ÷ 16,797 shares)(a)  $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 ($759,697 ÷ 71,063 shares)(a)  $10.69 
Fidelity Freedom Blend Income Fund:   
Net Asset Value, offering price and redemption price per share ($3,684,487 ÷ 343,039 shares)  $10.74 
Class K:   
Net Asset Value, offering price and redemption price per share ($408,225 ÷ 37,989 shares)  $10.75 
Class K6:   
Net Asset Value, offering price and redemption price per share ($46,811,221 ÷ 4,354,880 shares)  $10.75 
Class I:   
Net Asset Value, offering price and redemption price per share ($670,217 ÷ 62,366 shares)  $10.75 
Class Z:   
Net Asset Value, offering price and redemption price per share ($1,043,412 ÷ 97,103 shares)  $10.75 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($118,234 ÷ 10,993 shares)  $10.76 

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

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


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $298,293 
Expenses   
Management fee $70,547  
Distribution and service plan fees 3,127  
Independent trustees' fees and expenses 66  
Total expenses before reductions 73,740  
Expense reductions (4)  
Total expenses after reductions  73,736 
Net investment income (loss)  224,557 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (71,090)  
Capital gain distributions from underlying funds:   
Affiliated issuers 206,500  
Total net realized gain (loss)  135,410 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 3,517,831  
Total change in net unrealized appreciation (depreciation)  3,517,831 
Net gain (loss)  3,653,241 
Net increase (decrease) in net assets resulting from operations  $3,877,798 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $224,557 $654,391 
Net realized gain (loss) 135,410 216,863 
Change in net unrealized appreciation (depreciation) 3,517,831 (789,089) 
Net increase (decrease) in net assets resulting from operations 3,877,798 82,165 
Distributions to shareholders (381,304) (838,295) 
Share transactions - net increase (decrease) 7,971,443 41,593,540 
Total increase (decrease) in net assets 11,467,937 40,837,410 
Net Assets   
Beginning of period 43,614,048 2,776,638 
End of period $55,081,985 $43,614,048 

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


Financial Highlights

Fidelity Freedom Blend Income Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.98 $10.03 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .16 .11 
Net realized and unrealized gain (loss) .78 .01C .08 
Total from investment operations .81 .17 .19 
Distributions from net investment income (.03) (.15) (.11) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.06) (.22) (.16) 
Net asset value, end of period $10.73 $9.98 $10.03 
Total ReturnD,E 8.18% 1.60% 1.91% 
Ratios to Average Net AssetsF    
Expenses before reductions .71%G .71% .71%G 
Expenses net of fee waivers, if any .71%G .71% .71%G 
Expenses net of all reductions .71%G .71% .71%G 
Net investment income (loss) .49%G 1.55% 1.95%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,406 $699 $107 
Portfolio turnover rateH 45%G 44% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.98 $10.03 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .13 .10 
Net realized and unrealized gain (loss) .79 .01C .07 
Total from investment operations .80 .14 .17 
Distributions from net investment income (.01) (.12) (.09) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.04) (.19) (.14) 
Net asset value, end of period $10.74 $9.98 $10.03 
Total ReturnD,E,F 8.08% 1.35% 1.76% 
Ratios to Average Net AssetsG    
Expenses before reductions .96%H .96% .96%H 
Expenses net of fee waivers, if any .96%H .96% .96%H 
Expenses net of all reductions .95%H .96% .96%H 
Net investment income (loss) .25%H 1.30% 1.70%H 
Supplemental Data    
Net assets, end of period (000 omitted) $180 $156 $102 
Portfolio turnover rateI 45%H 44% 48%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.95 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .08 .07 
Net realized and unrealized gain (loss) .78 .01C .07 
Total from investment operations .77 .09 .14 
Distributions from net investment income D (.08) (.08) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.03) (.15) (.13) 
Net asset value, end of period $10.69 $9.95 $10.01 
Total ReturnE,F 7.80% .85% 1.45% 
Ratios to Average Net AssetsG    
Expenses before reductions 1.46%H 1.46% 1.47%H,I 
Expenses net of fee waivers, if any 1.46%H 1.46% 1.47%H,I 
Expenses net of all reductions 1.46%H 1.46% 1.47%H,I 
Net investment income (loss) (.26)%H .81% 1.19%H 
Supplemental Data    
Net assets, end of period (000 omitted) $760 $228 $123 
Portfolio turnover rateJ 45%H 44% 48%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 Amount represents less than $.005 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.98 $10.03 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .18 .13 
Net realized and unrealized gain (loss) .79 .01C .07 
Total from investment operations .83 .19 .20 
Distributions from net investment income (.04) (.17) (.12) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.07) (.24) (.17) 
Net asset value, end of period $10.74 $9.98 $10.03 
Total ReturnD 8.38% 1.83% 2.04% 
Ratios to Average Net AssetsE    
Expenses before reductions .46%F .46% .46%F 
Expenses net of fee waivers, if any .46%F .46% .46%F 
Expenses net of all reductions .46%F .46% .46%F 
Net investment income (loss) .74%F 1.80% 2.20%F 
Supplemental Data    
Net assets, end of period (000 omitted) $3,684 $2,729 $378 
Portfolio turnover rateG 45%F 44% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.99 $10.04 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .13 
Net realized and unrealized gain (loss) .80 C .08 
Total from investment operations .84 .20 .21 
Distributions from net investment income (.04) (.18) (.12) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.08)D (.25) (.17) 
Net asset value, end of period $10.75 $9.99 $10.04 
Total ReturnE 8.41% 1.90% 2.20% 
Ratios to Average Net AssetsF    
Expenses before reductions .36%G .36% .36%G 
Expenses net of fee waivers, if any .36%G .36% .36%G 
Expenses net of all reductions .36%G .36% .36%G 
Net investment income (loss) .84%G 1.90% 2.30%G 
Supplemental Data    
Net assets, end of period (000 omitted) $408 $404 $102 
Portfolio turnover rateH 45%G 44% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.99 $10.04 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .21 .14 
Net realized and unrealized gain (loss) .79 C .08 
Total from investment operations .84 .21 .22 
Distributions from net investment income (.05) (.19) (.13) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.08) (.26) (.18) 
Net asset value, end of period $10.75 $9.99 $10.04 
Total ReturnD 8.48% 1.97% 2.24% 
Ratios to Average Net AssetsE    
Expenses before reductions .26%F .26% .26%F 
Expenses net of fee waivers, if any .26%F .26% .26%F 
Expenses net of all reductions .26%F .26% .26%F 
Net investment income (loss) .94%F 2.00% 2.39%F 
Supplemental Data    
Net assets, end of period (000 omitted) $46,811 $38,898 $1,658 
Portfolio turnover rateG 45%F 44% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.99 $10.04 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .19 .13 
Net realized and unrealized gain (loss) .80 (.01) .08 
Total from investment operations .84 .18 .21 
Distributions from net investment income (.04) (.17) (.12) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.08)C (.23)C (.17) 
Net asset value, end of period $10.75 $9.99 $10.04 
Total ReturnD 8.40% 1.76% 2.14% 
Ratios to Average Net AssetsE    
Expenses before reductions .46%F .46% .46%F 
Expenses net of fee waivers, if any .46%F .46% .46%F 
Expenses net of all reductions .46%F .46% .46%F 
Net investment income (loss) .74%F 1.80% 2.20%F 
Supplemental Data    
Net assets, end of period (000 omitted) $670 $242 $102 
Portfolio turnover rateG 45%F 44% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.99 $10.04 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .13 
Net realized and unrealized gain (loss) .80 (.01) .08 
Total from investment operations .84 .19 .21 
Distributions from net investment income (.05) (.18) (.12) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.08) (.24)C (.17) 
Net asset value, end of period $10.75 $9.99 $10.04 
Total ReturnD 8.46% 1.86% 2.20% 
Ratios to Average Net AssetsE    
Expenses before reductions .37%F,G .36% .36%F 
Expenses net of fee waivers, if any .37%F,G .36% .36%F 
Expenses net of all reductions .37%F,G .36% .36%F 
Net investment income (loss) .83%F 1.90% 2.30%F 
Supplemental Data    
Net assets, end of period (000 omitted) $1,043 $104 $102 
Portfolio turnover rateH 45%F 44% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.00 $10.04 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .21 .14 
Net realized and unrealized gain (loss) .79 C .08 
Total from investment operations .84 .21 .22 
Distributions from net investment income (.05) (.18) (.13) 
Distributions from net realized gain (.03) (.07) (.05) 
Total distributions (.08) (.25) (.18) 
Net asset value, end of period $10.76 $10.00 $10.04 
Total ReturnD 8.46% 2.04% 2.23% 
Ratios to Average Net AssetsE    
Expenses before reductions .26%F .26% .26%F 
Expenses net of fee waivers, if any .26%F .26% .26%F 
Expenses net of all reductions .26%F .26% .26%F 
Net investment income (loss) .94%F 2.00% 2.40%F 
Supplemental Data    
Net assets, end of period (000 omitted) $118 $154 $102 
Portfolio turnover rateG 45%F 44% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Inflation-Protected Bond Index Fund 11.1 
Fidelity Series Investment Grade Bond Fund 11.0 
Fidelity Series Treasury Bill Index Fund 10.7 
Fidelity Series Government Bond Index Fund 9.9 
Fidelity Series Corporate Bond Fund 8.3 
Fidelity Series Investment Grade Securitized Fund 7.5 
Fidelity Series Government Money Market Fund 0.16% 7.5 
Fidelity Series Emerging Markets Opportunities Fund 7.0 
Fidelity Series Short-Term Credit Fund 3.2 
Fidelity Series Large Cap Value Index Fund 2.8 
 79.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 12.1% 
   International Equity Funds 14.5% 
   Bond Funds 52.0% 
   Short-Term Funds 21.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2005 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 12.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 27,575 $455,257 
Fidelity Series Commodity Strategy Fund (a) 128,545 534,749 
Fidelity Series Large Cap Growth Index Fund (a) 20,468 291,463 
Fidelity Series Large Cap Stock Fund (a) 22,173 313,970 
Fidelity Series Large Cap Value Index Fund (a) 51,195 593,868 
Fidelity Series Small Cap Opportunities Fund (a) 11,711 149,431 
Fidelity Series Value Discovery Fund (a) 17,442 215,587 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,454,979)  2,554,325 
International Equity Funds - 14.5%   
Fidelity Series Canada Fund (a) 13,079 133,794 
Fidelity Series Emerging Markets Fund (a) 17,366 163,766 
Fidelity Series Emerging Markets Opportunities Fund (a) 70,136 1,471,463 
Fidelity Series International Growth Fund (a) 18,557 348,494 
Fidelity Series International Index Fund (a) 14,371 142,848 
Fidelity Series International Small Cap Fund (a) 6,990 124,430 
Fidelity Series International Value Fund (a) 39,963 344,485 
Fidelity Series Overseas Fund (a) 31,126 347,994 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,770,403)  3,077,274 
Bond Funds - 52.0%   
Fidelity Series Corporate Bond Fund (a) 155,660 1,751,174 
Fidelity Series Emerging Markets Debt Fund (a) 15,139 137,162 
Fidelity Series Floating Rate High Income Fund (a) 3,375 29,867 
Fidelity Series Government Bond Index Fund (a) 186,050 2,093,059 
Fidelity Series High Income Fund (a) 16,676 152,086 
Fidelity Series Inflation-Protected Bond Index Fund (a) 218,895 2,342,172 
Fidelity Series Investment Grade Bond Fund (a) 190,312 2,329,416 
Fidelity Series Investment Grade Securitized Fund (a) 148,768 1,587,357 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 46,947 484,964 
Fidelity Series Real Estate Income Fund (a) 9,152 91,338 
TOTAL BOND FUNDS   
(Cost $10,348,080)  10,998,595 
Short-Term Funds - 21.4%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 1,577,311 1,577,311 
Fidelity Series Short-Term Credit Fund (a) 65,572 672,110 
Fidelity Series Treasury Bill Index Fund (a) 226,374 2,265,999 
TOTAL SHORT-TERM FUNDS   
(Cost $4,496,419)  4,515,469 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $20,069,881)  21,145,663 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (379) 
NET ASSETS - 100%  $21,145,284 

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 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 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 $234,125 $287,508 $147,365 $88,910 $14,564 $66,425 $455,257 
Fidelity Series Canada Fund 107,781 45,294 43,514 -- (5,738) 29,971 133,794 
Fidelity Series Commodity Strategy Fund 503,406 179,494 207,510 2,206 (24,514) 83,873 534,749 
Fidelity Series Corporate Bond Fund 1,078,330 667,109 120,052 22,444 2,060 123,727 1,751,174 
Fidelity Series Emerging Markets Debt Fund 92,988 40,839 8,884 3,148 345 11,874 137,162 
Fidelity Series Emerging Markets Fund 70,351 83,904 24,484 -- 1,291 32,704 163,766 
Fidelity Series Emerging Markets Opportunities Fund 700,881 694,233 237,164 -- 15,289 298,224 1,471,463 
Fidelity Series Floating Rate High Income Fund 20,111 9,690 2,149 572 95 2,120 29,867 
Fidelity Series Government Bond Index Fund 1,666,476 709,303 276,987 13,863 4,014 (9,747) 2,093,059 
Fidelity Series Government Money Market Fund 0.16% 651,371 1,587,907 661,967 1,213 -- -- 1,577,311 
Fidelity Series High Income Fund 101,928 49,171 10,746 3,577 438 11,295 152,086 
Fidelity Series Inflation-Protected Bond Index Fund 1,634,575 753,958 161,389 1,573 500 114,528 2,342,172 
Fidelity Series International Growth Fund 312,968 108,361 158,352 -- 7,899 77,618 348,494 
Fidelity Series International Index Fund 101,586 62,942 46,821 -- (630) 25,771 142,848 
Fidelity Series International Small Cap Fund 87,392 32,033 24,849 -- 2,102 27,752 124,430 
Fidelity Series International Value Fund 295,735 114,940 125,259 -- (1,218) 60,287 344,485 
Fidelity Series Investment Grade Bond Fund 1,636,524 770,649 186,120 25,881 1,453 106,910 2,329,416 
Fidelity Series Investment Grade Securitized Fund 1,132,511 567,897 128,279 8,539 494 14,734 1,587,357 
Fidelity Series Large Cap Growth Index Fund 169,793 123,729 87,828 4,618 5,294 80,475 291,463 
Fidelity Series Large Cap Stock Fund 175,820 158,455 54,244 10,444 3,115 30,824 313,970 
Fidelity Series Large Cap Value Index Fund 331,392 283,575 94,681 -- 5,210 68,372 593,868 
Fidelity Series Long-Term Treasury Bond Index Fund 368,589 196,866 68,754 10,363 3,579 (15,316) 484,964 
Fidelity Series Overseas Fund 295,600 118,419 150,160 -- 1,941 82,194 347,994 
Fidelity Series Real Estate Income Fund 55,473 31,204 6,734 2,632 506 10,889 91,338 
Fidelity Series Short-Term Credit Fund 640,769 7,309 -- 7,310 -- 24,032 672,110 
Fidelity Series Small Cap Opportunities Fund 84,852 73,234 33,408 877 (212) 24,965 149,431 
Fidelity Series Treasury Bill Index Fund 2,186,416 87,925 1,618 8,940 (2) (6,722) 2,265,999 
Fidelity Series Value Discovery Fund 100,501 116,872 30,028 -- 891 27,351 215,587 
 14,838,244 7,962,820 3,099,346 217,110 38,766 1,405,130 21,145,614 

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 September 30, 2020, 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:     
Domestic Equity Funds $2,554,325 $2,554,325 $-- $-- 
International Equity Funds 3,077,274 3,077,274 -- -- 
Bond Funds 10,998,595 10,998,595 -- -- 
Short-Term Funds 4,515,469 4,515,469 -- -- 
Total Investments in Securities: $21,145,663 $21,145,663 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $20,069,832) 21,145,614  
Total Investment in Securities (cost $20,069,881)  $21,145,663 
Cash  193 
Receivable for investments sold  97,447 
Receivable for fund shares sold  6,944 
Total assets  21,250,247 
Liabilities   
Payable for investments purchased $99,544  
Payable for fund shares redeemed  
Accrued management fee 5,084  
Distribution and service plan fees payable 333  
Total liabilities  104,963 
Net Assets  $21,145,284 
Net Assets consist of:   
Paid in capital  $19,978,765 
Total accumulated earnings (loss)  1,166,519 
Net Assets  $21,145,284 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($306,153 ÷ 28,501 shares)(a)  $10.74 
Maximum offering price per share (100/94.25 of $10.74)  $11.40 
Class M:   
Net Asset Value and redemption price per share ($129,318 ÷ 12,036 shares)(a)  $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 ($251,215 ÷ 23,554 shares)(a)  $10.67 
Fidelity Freedom Blend 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($1,594,694 ÷ 148,122 shares)  $10.77 
Class K:   
Net Asset Value, offering price and redemption price per share ($567,746 ÷ 52,674 shares)  $10.78 
Class K6:   
Net Asset Value, offering price and redemption price per share ($17,207,602 ÷ 1,595,773 shares)  $10.78 
Class I:   
Net Asset Value, offering price and redemption price per share ($726,611 ÷ 67,512 shares)  $10.76 
Class Z:   
Net Asset Value, offering price and redemption price per share ($242,651 ÷ 22,497 shares)  $10.79 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($119,294 ÷ 11,053 shares)  $10.79 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $106,181 
Expenses   
Management fee $26,740  
Distribution and service plan fees 2,059  
Independent trustees' fees and expenses 24  
Total expenses  28,823 
Net investment income (loss)  77,358 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 38,766  
Capital gain distributions from underlying funds:   
Affiliated issuers 110,929  
Total net realized gain (loss)  149,695 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,405,130  
Total change in net unrealized appreciation (depreciation)  1,405,130 
Net gain (loss)  1,554,825 
Net increase (decrease) in net assets resulting from operations  $1,632,183 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $77,358 $262,828 
Net realized gain (loss) 149,695 68,151 
Change in net unrealized appreciation (depreciation) 1,405,130 (375,039) 
Net increase (decrease) in net assets resulting from operations 1,632,183 (44,060) 
Distributions to shareholders (121,042) (354,729) 
Share transactions - net increase (decrease) 4,796,122 13,151,118 
Total increase (decrease) in net assets 6,307,263 12,752,329 
Net Assets   
Beginning of period 14,838,021 2,085,692 
End of period $21,145,284 $14,838,021 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2005 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.85 $9.99 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .16 .11 
Net realized and unrealized gain (loss) .94 (.08) .04 
Total from investment operations .96 .08 .15 
Distributions from net investment income (.02) (.13) (.10) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.07) (.22) (.16)C 
Net asset value, end of period $10.74 $9.85 $9.99 
Total ReturnD,E 9.76% .68% 1.62% 
Ratios to Average Net AssetsF    
Expenses before reductions .71%G .71% .71%G 
Expenses net of fee waivers, if any .71%G .71% .71%G 
Expenses net of all reductions .71%G .71% .71%G 
Net investment income (loss) .45%G 1.56% 1.88%G 
Supplemental Data    
Net assets, end of period (000 omitted) $306 $263 $187 
Portfolio turnover rateH 34%G 64% 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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.85 $9.99 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .13 .09 
Net realized and unrealized gain (loss) .93 (.07) .05 
Total from investment operations .94 .06 .14 
Distributions from net investment income (.01) (.11) (.08) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.05)C (.20) (.15) 
Net asset value, end of period $10.74 $9.85 $9.99 
Total ReturnD,E 9.62% .45% 1.43% 
Ratios to Average Net AssetsF    
Expenses before reductions .96%G .96% .96%G 
Expenses net of fee waivers, if any .96%G .96% .96%G 
Expenses net of all reductions .96%G .96% .96%G 
Net investment income (loss) .20%G 1.31% 1.63%G 
Supplemental Data    
Net assets, end of period (000 omitted) $129 $108 $101 
Portfolio turnover rateH 34%G 64% 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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.81 $9.98 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .08 .06 
Net realized and unrealized gain (loss) .94 (.08) .05 
Total from investment operations .92 – .11 
Distributions from net investment income (.01) (.08) (.06) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.06) (.17) (.13) 
Net asset value, end of period $10.67 $9.81 $9.98 
Total ReturnC,D 9.44% (.07)% 1.15% 
Ratios to Average Net AssetsE    
Expenses before reductions 1.46%F 1.46% 1.46%F 
Expenses net of fee waivers, if any 1.46%F 1.46% 1.46%F 
Expenses net of all reductions 1.46%F 1.46% 1.46%F 
Net investment income (loss) (.30)%F .81% 1.13%F 
Supplemental Data    
Net assets, end of period (000 omitted) $251 $256 $101 
Portfolio turnover rateG 34%F 64% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.87 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .19 .12 
Net realized and unrealized gain (loss) .93 (.08) .05 
Total from investment operations .97 .11 .17 
Distributions from net investment income (.03) (.15) (.10) 
Distributions from net realized gain (.05) (.10) (.07) 
Total distributions (.07)C (.25) (.16)C 
Net asset value, end of period $10.77 $9.87 $10.01 
Total ReturnD 9.92% .94% 1.80% 
Ratios to Average Net AssetsE    
Expenses before reductions .46%F .46% .46%F 
Expenses net of fee waivers, if any .46%F .46% .46%F 
Expenses net of all reductions .46%F .46% .46%F 
Net investment income (loss) .70%F 1.81% 2.13%F 
Supplemental Data    
Net assets, end of period (000 omitted) $1,595 $1,126 $111 
Portfolio turnover rateG 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.88 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .13 
Net realized and unrealized gain (loss) .94 (.08) .04 
Total from investment operations .98 .12 .17 
Distributions from net investment income (.03) (.16) (.10) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.08) (.25) (.16)C 
Net asset value, end of period $10.78 $9.88 $10.01 
Total ReturnD 9.95% 1.06% 1.83% 
Ratios to Average Net AssetsE    
Expenses before reductions .37%F,G .36% .36%F 
Expenses net of fee waivers, if any .37%F,G .36% .36%F 
Expenses net of all reductions .37%F,G .36% .36%F 
Net investment income (loss) .79%F 1.91% 2.23%F 
Supplemental Data    
Net assets, end of period (000 omitted) $568 $178 $102 
Portfolio turnover rateH 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual-rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.88 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .21 .13 
Net realized and unrealized gain (loss) .93 (.08) .05 
Total from investment operations .98 .13 .18 
Distributions from net investment income (.03) (.17) (.10) 
Distributions from net realized gain (.05) (.10) (.07) 
Total distributions (.08) (.26)C (.17) 
Net asset value, end of period $10.78 $9.88 $10.01 
Total ReturnD 9.96% 1.19% 1.86% 
Ratios to Average Net AssetsE    
Expenses before reductions .26%F .26% .26%F 
Expenses net of fee waivers, if any .26%F .26% .26%F 
Expenses net of all reductions .26%F .26% .26%F 
Net investment income (loss) .90%F 2.01% 2.32%F 
Supplemental Data    
Net assets, end of period (000 omitted) $17,208 $12,005 $1,177 
Portfolio turnover rateG 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.86 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .19 .12 
Net realized and unrealized gain (loss) .93 (.09) .05 
Total from investment operations .97 .10 .17 
Distributions from net investment income (.03) (.16) (.10) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.07)C (.25) (.16)C 
Net asset value, end of period $10.76 $9.86 $10.01 
Total ReturnD 9.92% .86% 1.80% 
Ratios to Average Net AssetsE    
Expenses before reductions .46%F .46% .46%F 
Expenses net of fee waivers, if any .46%F .46% .46%F 
Expenses net of all reductions .46%F .46% .46%F 
Net investment income (loss) .70%F 1.81% 2.13%F 
Supplemental Data    
Net assets, end of period (000 omitted) $727 $691 $102 
Portfolio turnover rateG 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.88 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .13 
Net realized and unrealized gain (loss) .95 (.09) .04 
Total from investment operations .99 .11 .17 
Distributions from net investment income (.03) (.15) (.10) 
Distributions from net realized gain (.05) (.09) (.07) 
Total distributions (.08) (.24) (.16)C 
Net asset value, end of period $10.79 $9.88 $10.01 
Total ReturnD 10.03% 1.01% 1.83% 
Ratios to Average Net AssetsE    
Expenses before reductions .36%F .36% .36%F 
Expenses net of fee waivers, if any .36%F .36% .36%F 
Expenses net of all reductions .36%F .36% .36%F 
Net investment income (loss) .80%F 1.91% 2.23%F 
Supplemental Data    
Net assets, end of period (000 omitted) $243 $103 $102 
Portfolio turnover rateG 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2005 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.88 $10.01 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .21 .13 
Net realized and unrealized gain (loss) .94 (.09) .05 
Total from investment operations .99 .12 .18 
Distributions from net investment income (.03) (.16) (.10) 
Distributions from net realized gain (.05) (.10) (.07) 
Total distributions (.08) (.25)C (.17) 
Net asset value, end of period $10.79 $9.88 $10.01 
Total ReturnD 10.05% 1.11% 1.86% 
Ratios to Average Net AssetsE    
Expenses before reductions .26%F .26% .26%F 
Expenses net of fee waivers, if any .26%F .26% .26%F 
Expenses net of all reductions .26%F .26% .26%F 
Net investment income (loss) .90%F 2.01% 2.33%F 
Supplemental Data    
Net assets, end of period (000 omitted) $119 $107 $102 
Portfolio turnover rateG 34%F 64% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 10.0 
Fidelity Series Inflation-Protected Bond Index Fund 9.6 
Fidelity Series Treasury Bill Index Fund 9.4 
Fidelity Series Government Bond Index Fund 9.0 
Fidelity Series Emerging Markets Opportunities Fund 7.9 
Fidelity Series Corporate Bond Fund 7.5 
Fidelity Series Investment Grade Securitized Fund 6.8 
Fidelity Series Government Money Market Fund 0.16% 5.0 
Fidelity Series Large Cap Value Index Fund 4.4 
Fidelity Series Blue Chip Growth Fund 3.4 
 73.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 17.6% 
   International Equity Funds 18.2% 
   Bond Funds 47.0% 
   Short-Term Funds 17.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2010 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 17.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 158,391 $2,615,031 
Fidelity Series Commodity Strategy Fund (a) 468,157 1,947,535 
Fidelity Series Large Cap Growth Index Fund (a) 117,570 1,674,193 
Fidelity Series Large Cap Stock Fund (a) 127,366 1,803,498 
Fidelity Series Large Cap Value Index Fund (a) 294,077 3,411,297 
Fidelity Series Small Cap Opportunities Fund (a) 67,270 858,366 
Fidelity Series Value Discovery Fund (a) 100,192 1,238,373 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $13,081,135)  13,548,293 
International Equity Funds - 18.2%   
Fidelity Series Canada Fund (a) 65,684 671,945 
Fidelity Series Emerging Markets Fund (a) 72,186 680,716 
Fidelity Series Emerging Markets Opportunities Fund (a) 291,535 6,116,404 
Fidelity Series International Growth Fund (a) 93,070 1,747,857 
Fidelity Series International Index Fund (a) 72,288 718,542 
Fidelity Series International Small Cap Fund (a) 35,227 627,047 
Fidelity Series International Value Fund (a) 200,947 1,732,165 
Fidelity Series Overseas Fund (a) 156,113 1,745,346 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $12,739,540)  14,040,022 
Bond Funds - 47.0%   
Fidelity Series Corporate Bond Fund (a) 512,844 5,769,495 
Fidelity Series Emerging Markets Debt Fund (a) 54,290 491,863 
Fidelity Series Floating Rate High Income Fund (a) 12,162 107,632 
Fidelity Series Government Bond Index Fund (a) 612,936 6,895,527 
Fidelity Series High Income Fund (a) 60,151 548,575 
Fidelity Series Inflation-Protected Bond Index Fund (a) 689,020 7,372,514 
Fidelity Series Investment Grade Bond Fund (a) 626,980 7,674,237 
Fidelity Series Investment Grade Securitized Fund (a) 490,136 5,229,756 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 171,237 1,768,878 
Fidelity Series Real Estate Income Fund (a) 32,522 324,567 
TOTAL BOND FUNDS   
(Cost $33,993,382)  36,183,044 
Short-Term Funds - 17.2%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 3,896,229 3,896,229 
Fidelity Series Short-Term Credit Fund (a) 211,308 2,165,908 
Fidelity Series Treasury Bill Index Fund (a) 720,331 7,210,510 
TOTAL SHORT-TERM FUNDS   
(Cost $13,214,637)  13,272,696 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $73,028,694)  77,044,055 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,079) 
NET ASSETS - 100%  $77,042,976 

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 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 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 $1,583,767 $1,262,510 $766,391 $514,677 $94,386 $440,759 $2,615,031 
Fidelity Series Canada Fund 532,654 180,028 166,555 -- (16,791) 142,609 671,945 
Fidelity Series Commodity Strategy Fund 1,970,686 452,361 709,959 8,140 (96,935) 331,382 1,947,535 
Fidelity Series Corporate Bond Fund 3,803,180 1,891,930 358,656 77,054 2,828 430,213 5,769,495 
Fidelity Series Emerging Markets Debt Fund 364,007 103,692 22,840 11,839 320 46,684 491,863 
Fidelity Series Emerging Markets Fund 333,113 278,402 79,831 -- 1,568 147,464 680,716 
Fidelity Series Emerging Markets Opportunities Fund 3,278,590 2,360,248 897,080 -- 24,374 1,350,272 6,116,404 
Fidelity Series Floating Rate High Income Fund 80,173 24,397 5,526 2,173 43 8,545 107,632 
Fidelity Series Government Bond Index Fund 5,890,670 1,871,536 847,622 47,630 14,836 (33,893) 6,895,527 
Fidelity Series Government Money Market Fund 0.16% 2,009,286 3,842,225 1,955,282 3,384 -- -- 3,896,229 
Fidelity Series High Income Fund 405,538 124,709 27,628 13,596 286 45,670 548,575 
Fidelity Series Inflation-Protected Bond Index Fund 5,522,760 1,870,402 402,642 5,165 3,550 378,444 7,372,514 
Fidelity Series International Growth Fund 1,613,636 424,626 729,497 -- 16,226 422,866 1,747,857 
Fidelity Series International Index Fund 577,479 203,852 189,876 -- (11,099) 138,186 718,542 
Fidelity Series International Small Cap Fund 475,189 122,075 123,719 -- (1,513) 155,015 627,047 
Fidelity Series International Value Fund 1,538,771 450,854 559,175 -- (27,585) 329,300 1,732,165 
Fidelity Series Investment Grade Bond Fund 5,764,412 2,058,488 522,054 88,910 5,371 368,020 7,674,237 
Fidelity Series Investment Grade Securitized Fund 4,003,490 1,558,870 385,872 29,309 1,348 51,920 5,229,756 
Fidelity Series Large Cap Growth Index Fund 1,170,649 465,734 500,495 26,978 50,217 488,088 1,674,193 
Fidelity Series Large Cap Stock Fund 1,214,409 631,346 266,019 63,483 7,281 216,481 1,803,498 
Fidelity Series Large Cap Value Index Fund 2,267,339 1,104,100 449,391 -- 7,026 482,223 3,411,297 
Fidelity Series Long-Term Treasury Bond Index Fund 1,439,458 600,765 227,763 39,674 15,623 (59,205) 1,768,878 
Fidelity Series Overseas Fund 1,511,094 480,751 670,731 -- (23,798) 448,030 1,745,346 
Fidelity Series Real Estate Income Fund 219,579 79,305 17,316 9,670 147 42,852 324,567 
Fidelity Series Short-Term Credit Fund 2,064,907 23,558 -- 23,558 -- 77,443 2,165,908 
Fidelity Series Small Cap Opportunities Fund 596,490 280,052 175,643 5,088 (9,605) 167,072 858,366 
Fidelity Series Treasury Bill Index Fund 7,142,092 90,976 1,042 28,494 (2) (21,514) 7,210,510 
Fidelity Series Value Discovery Fund 702,241 505,166 153,826 -- 4,769 180,023 1,238,373 
 58,075,659 23,342,958 11,212,431 998,822 62,871 6,774,949 77,044,006 

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 September 30, 2020, 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:     
Domestic Equity Funds $13,548,293 $13,548,293 $-- $-- 
International Equity Funds 14,040,022 14,040,022 -- -- 
Bond Funds 36,183,044 36,183,044 -- -- 
Short-Term Funds 13,272,696 13,272,696 -- -- 
Total Investments in Securities: $77,044,055 $77,044,055 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $73,028,645) 77,044,006  
Total Investment in Securities (cost $73,028,694)  $77,044,055 
Cash  299 
Receivable for investments sold  473,618 
Receivable for fund shares sold  25,361 
Total assets  77,543,333 
Liabilities   
Payable for investments purchased $476,874  
Payable for fund shares redeemed 4,046  
Accrued management fee 18,960  
Distribution and service plan fees payable 477  
Total liabilities  500,357 
Net Assets  $77,042,976 
Net Assets consist of:   
Paid in capital  $72,483,708 
Total accumulated earnings (loss)  4,559,268 
Net Assets  $77,042,976 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($701,408 ÷ 65,364 shares)(a)  $10.73 
Maximum offering price per share (100/94.25 of $10.73)  $11.38 
Class M:   
Net Asset Value and redemption price per share ($354,891 ÷ 33,111 shares)(a)  $10.72 
Maximum offering price per share (100/96.50 of $10.72)  $11.11 
Class C:   
Net Asset Value and offering price per share ($218,311 ÷ 20,436 shares)(a)  $10.68 
Fidelity Freedom Blend 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($3,720,983 ÷ 346,119 shares)  $10.75 
Class K:   
Net Asset Value, offering price and redemption price per share ($6,896,253 ÷ 640,406 shares)  $10.77 
Class K6:   
Net Asset Value, offering price and redemption price per share ($63,276,967 ÷ 5,866,297 shares)  $10.79 
Class I:   
Net Asset Value, offering price and redemption price per share ($752,795 ÷ 69,966 shares)  $10.76 
Class Z:   
Net Asset Value, offering price and redemption price per share ($158,366 ÷ 14,681 shares)  $10.79 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($963,002 ÷ 89,216 shares)  $10.79 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $385,344 
Expenses   
Management fee $102,509  
Distribution and service plan fees 2,383  
Independent trustees' fees and expenses 92  
Total expenses before reductions 104,984  
Expense reductions (1)  
Total expenses after reductions  104,983 
Net investment income (loss)  280,361 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 62,871  
Capital gain distributions from underlying funds:   
Affiliated issuers 613,478  
Total net realized gain (loss)  676,349 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 6,774,949  
Total change in net unrealized appreciation (depreciation)  6,774,949 
Net gain (loss)  7,451,298 
Net increase (decrease) in net assets resulting from operations  $7,731,659 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $280,361 $1,041,232 
Net realized gain (loss) 676,349 574,311 
Change in net unrealized appreciation (depreciation) 6,774,949 (2,858,550) 
Net increase (decrease) in net assets resulting from operations 7,731,659 (1,243,007) 
Distributions to shareholders (566,464) (1,444,075) 
Share transactions - net increase (decrease) 11,802,546 58,119,134 
Total increase (decrease) in net assets 18,967,741 55,432,052 
Net Assets   
Beginning of period 58,075,235 2,643,183 
End of period $77,042,976 $58,075,235 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2010 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.65 $9.93 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .16 .10 
Net realized and unrealized gain (loss) 1.16 (.22) .01 
Total from investment operations 1.18 (.06) .11 
Distributions from net investment income (.03) (.12) (.11) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.10) (.22)C (.18)C 
Net asset value, end of period $10.73 $9.65 $9.93 
Total ReturnD,E,F 12.25% (.82)% 1.24% 
Ratios to Average Net AssetsG    
Expenses before reductions .72%H .72% .72%H 
Expenses net of fee waivers, if any .72%H .72% .72%H 
Expenses net of all reductions .72%H .72% .72%H 
Net investment income (loss) .38%H 1.60% 1.81%H 
Supplemental Data    
Net assets, end of period (000 omitted) $701 $190 $166 
Portfolio turnover rateI 33%H 42% 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 per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.63 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .14 .09 
Net realized and unrealized gain (loss) 1.16 (.23) C 
Total from investment operations 1.17 (.09) .09 
Distributions from net investment income (.01) (.11) (.10) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.08) (.20) (.17)D 
Net asset value, end of period $10.72 $9.63 $9.92 
Total ReturnE,F 12.20% (1.07)% 1.03% 
Ratios to Average Net AssetsG    
Expenses before reductions .97%H .97% .97%H 
Expenses net of fee waivers, if any .97%H .97% .97%H 
Expenses net of all reductions .97%H .97% .97%H 
Net investment income (loss) .14%H 1.35% 1.56%H 
Supplemental Data    
Net assets, end of period (000 omitted) $355 $259 $126 
Portfolio turnover rateI 33%H 42% 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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.61 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .09 .06 
Net realized and unrealized gain (loss) 1.15 (.23) .01 
Total from investment operations 1.13 (.14) .07 
Distributions from net investment income – (.07) (.08) 
Distributions from net realized gain (.06) (.09) (.08) 
Total distributions (.06) (.17)C (.15)C 
Net asset value, end of period $10.68 $9.61 $9.92 
Total ReturnD,E 11.81% (1.57)% .81% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.48%G,H 1.47% 1.47%G 
Expenses net of fee waivers, if any 1.48%G,H 1.47% 1.47%G 
Expenses net of all reductions 1.48%G,H 1.47% 1.47%G 
Net investment income (loss) (.37)%G .85% 1.06%G 
Supplemental Data    
Net assets, end of period (000 omitted) $218 $117 $101 
Portfolio turnover rateI 33%G 42% 98%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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual-rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.65 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .12 
Net realized and unrealized gain (loss) 1.16 (.23) .01 
Total from investment operations 1.19 (.04) .13 
Distributions from net investment income (.02) (.16) (.11) 
Distributions from net realized gain (.07) (.10) (.08) 
Total distributions (.09) (.25)C (.19) 
Net asset value, end of period $10.75 $9.65 $9.94 
Total ReturnD 12.40% (.56)% 1.37% 
Ratios to Average Net AssetsE    
Expenses before reductions .47%F .47% .47%F 
Expenses net of fee waivers, if any .47%F .47% .47%F 
Expenses net of all reductions .47%F .47% .47%F 
Net investment income (loss) .64%F 1.85% 2.06%F 
Supplemental Data    
Net assets, end of period (000 omitted) $3,721 $2,197 $148 
Portfolio turnover rateG 33%F 42% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.66 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .12 
Net realized and unrealized gain (loss) 1.16 (.22) .01 
Total from investment operations 1.20 (.02) .13 
Distributions from net investment income (.02) (.16) (.11) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.09) (.26)C (.19) 
Net asset value, end of period $10.77 $9.66 $9.94 
Total ReturnD 12.49% (.43)% 1.38% 
Ratios to Average Net AssetsE    
Expenses before reductions .37%F .37% .37%F 
Expenses net of fee waivers, if any .37%F .37% .37%F 
Expenses net of all reductions .37%F .37% .37%F 
Net investment income (loss) .74%F 1.95% 2.16%F 
Supplemental Data    
Net assets, end of period (000 omitted) $6,896 $6,317 $101 
Portfolio turnover rateG 33%F 42% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.67 $9.95 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .13 
Net realized and unrealized gain (loss) 1.17 (.23) .01 
Total from investment operations 1.21 (.02) .14 
Distributions from net investment income (.03) (.16) (.11) 
Distributions from net realized gain (.07) (.10) (.08) 
Total distributions (.09)C (.26) (.19) 
Net asset value, end of period $10.79 $9.67 $9.95 
Total ReturnD 12.62% (.44)% 1.52% 
Ratios to Average Net AssetsE    
Expenses before reductions .27%F .27% .28%F,G 
Expenses net of fee waivers, if any .27%F .27% .28%F,G 
Expenses net of all reductions .27%F .27% .28%F,G 
Net investment income (loss) .84%F 2.05% 2.26%F 
Supplemental Data    
Net assets, end of period (000 omitted) $63,277 $48,155 $1,697 
Portfolio turnover rateH 33%F 42% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.66 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .12 
Net realized and unrealized gain (loss) 1.16 (.22) C 
Total from investment operations 1.19 (.03) .12 
Distributions from net investment income (.02) (.15) (.11) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.09) (.25)D (.18)D 
Net asset value, end of period $10.76 $9.66 $9.94 
Total ReturnE 12.40% (.53)% 1.35% 
Ratios to Average Net AssetsF    
Expenses before reductions .47%G .47% .47%G 
Expenses net of fee waivers, if any .47%G .47% .47%G 
Expenses net of all reductions .47%G .47% .47%G 
Net investment income (loss) .63%G 1.85% 2.06%G 
Supplemental Data    
Net assets, end of period (000 omitted) $753 $453 $101 
Portfolio turnover rateH 33%G 42% 98%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.68 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .12 
Net realized and unrealized gain (loss) 1.16 (.22) .01 
Total from investment operations 1.20 (.02) .13 
Distributions from net investment income (.02) (.15) (.11) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.09) (.24) (.19) 
Net asset value, end of period $10.79 $9.68 $9.94 
Total ReturnC 12.48% (.40)% 1.38% 
Ratios to Average Net AssetsD    
Expenses before reductions .37%E .37% .37%E 
Expenses net of fee waivers, if any .37%E .37% .37%E 
Expenses net of all reductions .37%E .37% .37%E 
Net investment income (loss) .74%E 1.95% 2.16%E 
Supplemental Data    
Net assets, end of period (000 omitted) $158 $101 $101 
Portfolio turnover rateF 33%E 42% 98%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.68 $9.95 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .13 
Net realized and unrealized gain (loss) 1.17 (.23) .01 
Total from investment operations 1.21 (.02) .14 
Distributions from net investment income (.03) (.15) (.11) 
Distributions from net realized gain (.07) (.09) (.08) 
Total distributions (.10) (.25)C (.19) 
Net asset value, end of period $10.79 $9.68 $9.95 
Total ReturnD 12.52% (.43)% 1.52% 
Ratios to Average Net AssetsE    
Expenses before reductions .27%F .27% .27%F 
Expenses net of fee waivers, if any .27%F .27% .27%F 
Expenses net of all reductions .27%F .27% .27%F 
Net investment income (loss) .83%F 2.05% 2.26%F 
Supplemental Data    
Net assets, end of period (000 omitted) $963 $287 $101 
Portfolio turnover rateG 33%F 42% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 8.9 
Fidelity Series Investment Grade Bond Fund 8.8 
Fidelity Series Inflation-Protected Bond Index Fund 8.3 
Fidelity Series Government Bond Index Fund 8.0 
Fidelity Series Treasury Bill Index Fund 7.9 
Fidelity Series Corporate Bond Fund 6.7 
Fidelity Series Large Cap Value Index Fund 6.1 
Fidelity Series Investment Grade Securitized Fund 6.0 
Fidelity Series Blue Chip Growth Fund 4.6 
Fidelity Series Large Cap Stock Fund 3.2 
 68.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 23.1% 
   International Equity Funds 21.9% 
   Bond Funds 41.9% 
   Short-Term Funds 13.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2015 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 23.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 638,364 $10,539,390 
Fidelity Series Commodity Strategy Fund (a) 1,380,702 5,743,720 
Fidelity Series Large Cap Growth Index Fund (a) 473,824 6,747,260 
Fidelity Series Large Cap Stock Fund (a) 513,319 7,268,600 
Fidelity Series Large Cap Value Index Fund (a) 1,185,213 13,748,471 
Fidelity Series Small Cap Opportunities Fund (a) 271,115 3,459,427 
Fidelity Series Value Discovery Fund (a) 403,802 4,990,994 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $50,642,264)  52,497,862 
International Equity Funds - 21.9%   
Fidelity Series Canada Fund (a) 247,135 2,528,195 
Fidelity Series Emerging Markets Fund (a) 239,011 2,253,875 
Fidelity Series Emerging Markets Opportunities Fund (a) 965,274 20,251,445 
Fidelity Series International Growth Fund (a) 349,918 6,571,457 
Fidelity Series International Index Fund (a) 272,288 2,706,543 
Fidelity Series International Small Cap Fund (a) 131,912 2,348,042 
Fidelity Series International Value Fund (a) 756,071 6,517,332 
Fidelity Series Overseas Fund (a) 586,939 6,561,979 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $45,151,086)  49,738,868 
Bond Funds - 41.9%   
Fidelity Series Corporate Bond Fund (a) 1,342,531 15,103,474 
Fidelity Series Emerging Markets Debt Fund (a) 157,426 1,426,281 
Fidelity Series Floating Rate High Income Fund (a) 35,328 312,651 
Fidelity Series Government Bond Index Fund (a) 1,604,479 18,050,388 
Fidelity Series High Income Fund (a) 175,274 1,598,496 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,764,113 18,876,004 
Fidelity Series Investment Grade Bond Fund (a) 1,641,217 20,088,492 
Fidelity Series Investment Grade Securitized Fund (a) 1,283,134 13,691,045 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 506,104 5,228,055 
Fidelity Series Real Estate Income Fund (a) 94,548 943,589 
TOTAL BOND FUNDS   
(Cost $88,947,155)  95,318,475 
Short-Term Funds - 13.1%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 6,833,588 6,833,588 
Fidelity Series Short-Term Credit Fund (a) 491,714 5,040,070 
Fidelity Series Treasury Bill Index Fund (a) 1,785,381 17,871,665 
TOTAL SHORT-TERM FUNDS   
(Cost $29,600,420)  29,745,372 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $214,340,925)  227,300,577 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,809) 
NET ASSETS - 100%  $227,297,768 

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 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 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 $7,069,051 $4,248,126 $3,177,970 $2,071,880 $435,904 $1,964,279 $10,539,390 
Fidelity Series Canada Fund 2,104,725 480,966 546,443 -- (52,078) 541,025 2,528,195 
Fidelity Series Commodity Strategy Fund 6,188,649 942,735 2,096,660 24,077 (300,589) 1,009,585 5,743,720 
Fidelity Series Corporate Bond Fund 10,589,640 4,455,175 1,154,036 207,995 11,531 1,201,164 15,103,474 
Fidelity Series Emerging Markets Debt Fund 1,143,208 218,135 82,840 35,750 1,162 146,616 1,426,281 
Fidelity Series Emerging Markets Fund 1,241,776 725,806 236,226 -- (4,052) 526,571 2,253,875 
Fidelity Series Emerging Markets Opportunities Fund 11,928,317 6,291,128 2,810,746 -- 70,663 4,772,083 20,251,445 
Fidelity Series Floating Rate High Income Fund 255,132 50,734 20,042 6,608 204 26,623 312,651 
Fidelity Series Government Bond Index Fund 16,391,161 4,237,860 2,525,723 128,914 12,909 (65,819) 18,050,388 
Fidelity Series Government Money Market Fund 0.16% 5,029,221 8,051,877 6,247,510 7,066 -- -- 6,833,588 
Fidelity Series High Income Fund 1,292,857 262,062 100,209 41,434 1,474 142,312 1,598,496 
Fidelity Series Inflation-Protected Bond Index Fund 15,092,061 4,088,936 1,319,836 13,828 8,216 1,006,627 18,876,004 
Fidelity Series International Growth Fund 6,291,017 1,219,555 2,652,804 -- 144,274 1,569,415 6,571,457 
Fidelity Series International Index Fund 2,286,110 555,878 635,131 -- (44,003) 543,689 2,706,543 
Fidelity Series International Small Cap Fund 1,852,946 315,558 414,402 -- (942) 594,882 2,348,042 
Fidelity Series International Value Fund 6,000,464 1,218,585 1,900,221 -- (125,812) 1,324,316 6,517,332 
Fidelity Series Investment Grade Bond Fund 15,974,695 4,817,736 1,743,067 240,569 11,232 1,027,896 20,088,492 
Fidelity Series Investment Grade Securitized Fund 11,145,200 3,654,814 1,252,334 79,627 4,269 139,096 13,691,045 
Fidelity Series Large Cap Growth Index Fund 5,256,125 1,362,557 2,147,872 120,210 282,350 1,994,100 6,747,260 
Fidelity Series Large Cap Stock Fund 5,455,426 1,860,867 1,056,466 252,710 1,546 1,007,227 7,268,600 
Fidelity Series Large Cap Value Index Fund 10,154,836 3,266,659 1,810,462 -- (15,753) 2,153,191 13,748,471 
Fidelity Series Long-Term Treasury Bond Index Fund 4,545,328 1,567,884 750,267 123,248 53,155 (188,045) 5,228,055 
Fidelity Series Overseas Fund 5,912,166 1,423,456 2,436,458 -- (61,900) 1,724,715 6,561,979 
Fidelity Series Real Estate Income Fund 703,230 167,495 62,798 29,234 1,493 134,169 943,589 
Fidelity Series Short-Term Credit Fund 4,805,041 54,819 -- 54,819 -- 180,210 5,040,070 
Fidelity Series Small Cap Opportunities Fund 2,696,895 810,290 731,952 20,493 (66,197) 750,391 3,459,427 
Fidelity Series Treasury Bill Index Fund 17,797,466 219,574 91,948 70,652 (84) (53,343) 17,871,665 
Fidelity Series Value Discovery Fund 3,167,627 1,625,213 605,105 -- (18,492) 821,751 4,990,994 
 182,370,370 58,194,480 38,609,528 3,529,114 350,480 24,994,726 227,300,528 

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 September 30, 2020, 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:     
Domestic Equity Funds $52,497,862 $52,497,862 $-- $-- 
International Equity Funds 49,738,868 49,738,868 -- -- 
Bond Funds 95,318,475 95,318,475 -- -- 
Short-Term Funds 29,745,372 29,745,372 -- -- 
Total Investments in Securities: $227,300,577 $227,300,577 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $214,340,876) 227,300,528  
Total Investment in Securities (cost $214,340,925)  $227,300,577 
Cash  623 
Receivable for investments sold  1,917,420 
Receivable for fund shares sold  71,325 
Total assets  229,289,945 
Liabilities   
Payable for investments purchased $1,436,281  
Payable for fund shares redeemed 498,953  
Accrued management fee 56,184  
Distribution and service plan fees payable 759  
Total liabilities  1,992,177 
Net Assets  $227,297,768 
Net Assets consist of:   
Paid in capital  $211,649,998 
Total accumulated earnings (loss)  15,647,770 
Net Assets  $227,297,768 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($605,187 ÷ 56,442 shares)(a)  $10.72 
Maximum offering price per share (100/94.25 of $10.72)  $11.37 
Class M:   
Net Asset Value and redemption price per share ($122,892 ÷ 11,460 shares)(a)  $10.72 
Maximum offering price per share (100/96.50 of $10.72)  $11.11 
Class C:   
Net Asset Value and offering price per share ($695,176 ÷ 65,379 shares)(a)  $10.63 
Fidelity Freedom Blend 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($8,292,299 ÷ 772,431 shares)  $10.74 
Class K:   
Net Asset Value, offering price and redemption price per share ($5,197,232 ÷ 483,188 shares)  $10.76 
Class K6:   
Net Asset Value, offering price and redemption price per share ($205,268,825 ÷ 19,048,692 shares)  $10.78 
Class I:   
Net Asset Value, offering price and redemption price per share ($5,439,744 ÷ 506,849 shares)  $10.73 
Class Z:   
Net Asset Value, offering price and redemption price per share ($113,901 ÷ 10,571 shares)  $10.77 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,562,512 ÷ 145,068 shares)  $10.77 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,108,973 
Expenses   
Management fee $315,884  
Distribution and service plan fees 4,113  
Independent trustees' fees and expenses 284  
Total expenses  320,281 
Net investment income (loss)  788,692 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 350,480  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,420,141  
Total net realized gain (loss)  2,770,621 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 24,994,726  
Total change in net unrealized appreciation (depreciation)  24,994,726 
Net gain (loss)  27,765,347 
Net increase (decrease) in net assets resulting from operations  $28,554,039 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $788,692 $3,499,365 
Net realized gain (loss) 2,770,621 3,042,260 
Change in net unrealized appreciation (depreciation) 24,994,726 (12,460,486) 
Net increase (decrease) in net assets resulting from operations 28,554,039 (5,918,861) 
Distributions to shareholders (2,066,451) (5,354,235) 
Share transactions - net increase (decrease) 18,441,664 184,166,038 
Total increase (decrease) in net assets 44,929,252 172,892,942 
Net Assets   
Beginning of period 182,368,516 9,475,574 
End of period $227,297,768 $182,368,516 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2015 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.43 $9.91 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .16 .07 
Net realized and unrealized gain (loss) 1.37 (.37) C 
Total from investment operations 1.39 (.21) .07 
Distributions from net investment income (.02) (.15) (.09) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.10) (.27) (.16) 
Net asset value, end of period $10.72 $9.43 $9.91 
Total ReturnD,E 14.82% (2.38)% .85% 
Ratios to Average Net AssetsF    
Expenses before reductions .73%G .73% .74%G 
Expenses net of fee waivers, if any .73%G .73% .74%G 
Expenses net of all reductions .73%G .73% .74%G 
Net investment income (loss) .31%G 1.58% 1.24%G 
Supplemental Data    
Net assets, end of period (000 omitted) $605 $346 $195 
Portfolio turnover rateH 37%G 40% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.44 $9.90 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .14 .06 
Net realized and unrealized gain (loss) 1.37 (.36) C 
Total from investment operations 1.37 (.22) .06 
Distributions from net investment income C (.12) (.09) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.09)D (.24) (.16) 
Net asset value, end of period $10.72 $9.44 $9.90 
Total ReturnE,F 14.57% (2.50)% .67% 
Ratios to Average Net AssetsG    
Expenses before reductions .98%H .98% .99%H 
Expenses net of fee waivers, if any .98%H .98% .99%H 
Expenses net of all reductions .98%H .98% .99%H 
Net investment income (loss) .06%H 1.33% .99%H 
Supplemental Data    
Net assets, end of period (000 omitted) $123 $107 $101 
Portfolio turnover rateI 37%H 40% 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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.39 $9.87 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .08 .03 
Net realized and unrealized gain (loss) 1.35 (.36) C 
Total from investment operations 1.33 (.28) .03 
Distributions from net investment income (.01) (.08) (.09) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.09) (.20) (.16) 
Net asset value, end of period $10.63 $9.39 $9.87 
Total ReturnD,E 14.28% (3.04)% .43% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.48%G 1.48% 1.50%G,H 
Expenses net of fee waivers, if any 1.48%G 1.48% 1.50%G,H 
Expenses net of all reductions 1.48%G 1.48% 1.50%G,H 
Net investment income (loss) (.44)%G .83% .48%G 
Supplemental Data    
Net assets, end of period (000 omitted) $695 $467 $144 
Portfolio turnover rateI 37%G 40% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.44 $9.91 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .08 
Net realized and unrealized gain (loss) 1.37 (.37) .01 
Total from investment operations 1.40 (.18) .09 
Distributions from net investment income (.02) (.17) (.11) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.10) (.29) (.18) 
Net asset value, end of period $10.74 $9.44 $9.91 
Total ReturnC 14.96% (2.09)% 1.02% 
Ratios to Average Net AssetsD    
Expenses before reductions .48%E .49%F .49%E 
Expenses net of fee waivers, if any .48%E .49%F .49%E 
Expenses net of all reductions .48%E .49%F .49%E 
Net investment income (loss) .56%E 1.83% 1.49%E 
Supplemental Data    
Net assets, end of period (000 omitted) $8,292 $8,440 $468 
Portfolio turnover rateG 37%E 40% 52%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.45 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .09 
Net realized and unrealized gain (loss) 1.38 (.37) C 
Total from investment operations 1.41 (.17) .09 
Distributions from net investment income (.02) (.18) (.11) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.10) (.30) (.17)D 
Net asset value, end of period $10.76 $9.45 $9.92 
Total ReturnE 15.06% (2.03)% 1.07% 
Ratios to Average Net AssetsF    
Expenses before reductions .38%G .38% .39%G 
Expenses net of fee waivers, if any .38%G .38% .39%G 
Expenses net of all reductions .38%G .38% .39%G 
Net investment income (loss) .66%G 1.93% 1.59%G 
Supplemental Data    
Net assets, end of period (000 omitted) $5,197 $6,147 $101 
Portfolio turnover rateH 37%G 40% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.47 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .09 
Net realized and unrealized gain (loss) 1.38 (.37) .01 
Total from investment operations 1.42 (.16) .10 
Distributions from net investment income (.02) (.17) (.11) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.11)C (.29) (.18) 
Net asset value, end of period $10.78 $9.47 $9.92 
Total ReturnD 15.05% (1.86)% 1.12% 
Ratios to Average Net AssetsE    
Expenses before reductions .28%F .28% .30%F,G 
Expenses net of fee waivers, if any .28%F .28% .30%F,G 
Expenses net of all reductions .28%F .28% .30%F,G 
Net investment income (loss) .76%F 2.03% 1.68%F 
Supplemental Data    
Net assets, end of period (000 omitted) $205,269 $162,504 $8,164 
Portfolio turnover rateH 37%F 40% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.44 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .08 
Net realized and unrealized gain (loss) 1.36 (.37) .01 
Total from investment operations 1.39 (.18) .09 
Distributions from net investment income (.02) (.18) (.10) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.10) (.30) (.17) 
Net asset value, end of period $10.73 $9.44 $9.92 
Total ReturnC 14.87% (2.09)% 1.04% 
Ratios to Average Net AssetsD    
Expenses before reductions .48%E .48% .49%E 
Expenses net of fee waivers, if any .48%E .48% .49%E 
Expenses net of all reductions .48%E .48% .49%E 
Net investment income (loss) .56%E 1.83% 1.49%E 
Supplemental Data    
Net assets, end of period (000 omitted) $5,440 $3,592 $101 
Portfolio turnover rateF 37%E 40% 52%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.47 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .09 
Net realized and unrealized gain (loss) 1.37 (.37) C 
Total from investment operations 1.40 (.17) .09 
Distributions from net investment income (.02) (.16) (.11) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.10) (.28) (.17)D 
Net asset value, end of period $10.77 $9.47 $9.92 
Total ReturnE 14.92% (1.99)% 1.07% 
Ratios to Average Net AssetsF    
Expenses before reductions .38%G .38% .39%G 
Expenses net of fee waivers, if any .38%G .38% .39%G 
Expenses net of all reductions .38%G .38% .39%G 
Net investment income (loss) .66%G 1.93% 1.59%G 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $99 $101 
Portfolio turnover rateH 37%G 40% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.46 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .10 
Net realized and unrealized gain (loss) 1.38 (.37) C 
Total from investment operations 1.42 (.16) .10 
Distributions from net investment income (.03) (.18) (.11) 
Distributions from net realized gain (.08) (.12) (.07) 
Total distributions (.11) (.30) (.18) 
Net asset value, end of period $10.77 $9.46 $9.92 
Total ReturnD 15.11% (1.95)% 1.12% 
Ratios to Average Net AssetsE    
Expenses before reductions .28%F .28% .29%F 
Expenses net of fee waivers, if any .28%F .28% .29%F 
Expenses net of all reductions .28%F .28% .29%F 
Net investment income (loss) .76%F 2.03% 1.69%F 
Supplemental Data    
Net assets, end of period (000 omitted) $1,563 $667 $101 
Portfolio turnover rateG 37%F 40% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 9.8 
Fidelity Series Investment Grade Bond Fund 7.8 
Fidelity Series Large Cap Value Index Fund 7.6 
Fidelity Series Inflation-Protected Bond Index Fund 7.1 
Fidelity Series Government Bond Index Fund 7.0 
Fidelity Series Treasury Bill Index Fund 5.9 
Fidelity Series Corporate Bond Fund 5.8 
Fidelity Series Blue Chip Growth Fund 5.8 
Fidelity Series Investment Grade Securitized Fund 5.3 
Fidelity Series Large Cap Stock Fund 4.0 
 66.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.3% 
   International Equity Funds 25.3% 
   Bond Funds 37.1% 
   Short-Term Funds 9.3% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2020 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 28.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 2,417,841 $39,918,552 
Fidelity Series Commodity Strategy Fund (a) 4,174,869 17,367,457 
Fidelity Series Large Cap Growth Index Fund (a) 1,794,647 25,555,773 
Fidelity Series Large Cap Stock Fund (a) 1,944,258 27,530,690 
Fidelity Series Large Cap Value Index Fund (a) 4,489,123 52,073,824 
Fidelity Series Small Cap Opportunities Fund (a) 1,026,876 13,102,934 
Fidelity Series Value Discovery Fund (a) 1,529,449 18,903,984 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $187,320,868)  194,453,214 
International Equity Funds - 25.3%   
Fidelity Series Canada Fund (a) 899,754 9,204,482 
Fidelity Series Emerging Markets Fund (a) 797,274 7,518,290 
Fidelity Series Emerging Markets Opportunities Fund (a) 3,219,697 67,549,236 
Fidelity Series International Growth Fund (a) 1,273,356 23,913,629 
Fidelity Series International Index Fund (a) 992,590 9,866,345 
Fidelity Series International Small Cap Fund (a) 475,990 8,472,614 
Fidelity Series International Value Fund (a) 2,752,873 23,729,767 
Fidelity Series Overseas Fund (a) 2,135,881 23,879,149 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $158,268,002)  174,133,512 
Bond Funds - 37.1%   
Fidelity Series Corporate Bond Fund (a) 3,563,553 40,089,976 
Fidelity Series Emerging Markets Debt Fund (a) 467,299 4,233,729 
Fidelity Series Floating Rate High Income Fund (a) 106,100 938,986 
Fidelity Series Government Bond Index Fund (a) 4,258,642 47,909,718 
Fidelity Series High Income Fund (a) 526,830 4,804,689 
Fidelity Series Inflation-Protected Bond Index Fund (a) 4,536,102 48,536,292 
Fidelity Series Investment Grade Bond Fund (a) 4,356,064 53,318,225 
Fidelity Series Investment Grade Securitized Fund (a) 3,405,968 36,341,683 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,532,597 15,831,724 
Fidelity Series Real Estate Income Fund (a) 285,003 2,844,329 
TOTAL BOND FUNDS   
(Cost $238,230,023)  254,849,351 
Short-Term Funds - 9.3%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 13,338,843 13,338,843 
Fidelity Series Short-Term Credit Fund (a) 1,032,472 10,582,837 
Fidelity Series Treasury Bill Index Fund (a) 4,016,157 40,201,729 
TOTAL SHORT-TERM FUNDS   
(Cost $63,821,727)  64,123,409 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $647,640,620)  687,559,486 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (8,248) 
NET ASSETS - 100%  $687,551,238 

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 Blue Chip Growth Fund $26,012,694 $16,189,589 $11,188,295 $7,852,945 $1,576,661 $7,327,903 $39,918,552 
Fidelity Series Canada Fund 7,248,132 1,777,400 1,545,930 -- (163,350) 1,888,230 9,204,482 
Fidelity Series Commodity Strategy Fund 17,938,733 3,137,048 5,858,044 73,202 (780,145) 2,929,865 17,367,457 
Fidelity Series Corporate Bond Fund 27,094,612 12,911,902 3,082,059 549,971 21,506 3,144,015 40,089,976 
Fidelity Series Emerging Markets Debt Fund 3,314,311 695,203 214,887 106,221 1,616 437,486 4,233,729 
Fidelity Series Emerging Markets Fund 4,086,412 2,311,332 606,221 -- 2,549 1,724,218 7,518,290 
Fidelity Series Emerging Markets Opportunities Fund 38,817,674 20,404,970 7,757,524 -- 229,837 15,854,279 67,549,236 
Fidelity Series Floating Rate High Income Fund 748,391 162,379 51,988 19,884 322 79,882 938,986 
Fidelity Series Government Bond Index Fund 41,922,340 12,708,132 6,581,070 340,347 18,363 (158,047) 47,909,718 
Fidelity Series Government Money Market Fund 0.16% 11,006,228 19,592,565 17,259,950 15,207 -- -- 13,338,843 
Fidelity Series High Income Fund 3,797,208 837,304 259,945 124,825 1,498 428,624 4,804,689 
Fidelity Series Inflation-Protected Bond Index Fund 37,365,671 11,978,825 3,394,699 35,134 27,128 2,559,367 48,536,292 
Fidelity Series International Growth Fund 21,407,755 4,612,326 8,168,993 -- 460,355 5,602,186 23,913,629 
Fidelity Series International Index Fund 7,850,319 1,965,911 1,713,053 -- (111,322) 1,874,490 9,866,345 
Fidelity Series International Small Cap Fund 6,308,839 1,163,787 1,102,214 -- (10,611) 2,112,813 8,472,614 
Fidelity Series International Value Fund 20,489,878 4,747,483 5,741,585 -- (185,464) 4,419,455 23,729,767 
Fidelity Series Investment Grade Bond Fund 40,661,440 14,685,749 4,750,343 635,541 34,572 2,686,807 53,318,225 
Fidelity Series Investment Grade Securitized Fund 28,518,951 10,746,706 3,298,291 209,633 8,286 366,031 36,341,683 
Fidelity Series Large Cap Growth Index Fund 19,388,748 5,128,890 7,477,380 453,852 973,332 7,542,183 25,555,773 
Fidelity Series Large Cap Stock Fund 20,128,885 7,045,350 3,396,351 964,907 76,317 3,676,489 27,530,690 
Fidelity Series Large Cap Value Index Fund 37,421,552 12,552,490 5,894,707 -- (91,482) 8,085,971 52,073,824 
Fidelity Series Long-Term Treasury Bond Index Fund 13,229,317 5,157,866 2,159,964 363,648 153,826 (549,321) 15,831,724 
Fidelity Series Overseas Fund 20,238,998 5,240,302 7,489,957 -- (262,598) 6,152,404 23,879,149 
Fidelity Series Real Estate Income Fund 2,064,509 535,084 162,988 88,508 2,440 405,284 2,844,329 
Fidelity Series Short-Term Credit Fund 10,089,337 115,106 -- 115,106 -- 378,394 10,582,837 
Fidelity Series Small Cap Opportunities Fund 9,978,241 2,792,440 2,221,633 77,775 (196,144) 2,750,030 13,102,934 
Fidelity Series Treasury Bill Index Fund 39,804,187 715,459 197,822 158,898 (136) (119,959) 40,201,729 
Fidelity Series Value Discovery Fund 11,708,583 6,085,030 1,897,330 -- 45,690 2,962,011 18,903,984 
 528,641,945 185,996,628 113,473,223 12,185,604 1,833,046 84,561,090 687,559,486 

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 September 30, 2020, 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:     
Domestic Equity Funds $194,453,214 $194,453,214 $-- $-- 
International Equity Funds 174,133,512 174,133,512 -- -- 
Bond Funds 254,849,351 254,849,351 -- -- 
Short-Term Funds 64,123,409 64,123,409 -- -- 
Total Investments in Securities: $687,559,486 $687,559,486 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $647,640,620) $687,559,486  
Total Investment in Securities (cost $647,640,620)  $687,559,486 
Cash  1,460 
Receivable for investments sold  5,438,629 
Receivable for fund shares sold  1,326,368 
Total assets  694,325,943 
Liabilities   
Payable for investments purchased $5,392,625  
Payable for fund shares redeemed 1,205,802  
Accrued management fee 174,900  
Distribution and service plan fees payable 1,378  
Total liabilities  6,774,705 
Net Assets  $687,551,238 
Net Assets consist of:   
Paid in capital  $637,869,455 
Total accumulated earnings (loss)  49,681,783 
Net Assets  $687,551,238 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($2,328,386 ÷ 215,986 shares)(a)  $10.78 
Maximum offering price per share (100/94.25 of $10.78)  $11.44 
Class M:   
Net Asset Value and redemption price per share ($603,115 ÷ 56,005 shares)(a)  $10.77 
Maximum offering price per share (100/96.50 of $10.77)  $11.16 
Class C:   
Net Asset Value and offering price per share ($787,913 ÷ 73,563 shares)(a)  $10.71 
Fidelity Freedom Blend 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($25,975,975 ÷ 2,406,163 shares)  $10.80 
Class K:   
Net Asset Value, offering price and redemption price per share ($22,872,806 ÷ 2,114,670 shares)  $10.82 
Class K6:   
Net Asset Value, offering price and redemption price per share ($623,903,762 ÷ 57,556,964 shares)  $10.84 
Class I:   
Net Asset Value, offering price and redemption price per share ($7,777,745 ÷ 719,960 shares)  $10.80 
Class Z:   
Net Asset Value, offering price and redemption price per share ($141,793 ÷ 13,083 shares)  $10.84 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($3,159,743 ÷ 291,549 shares)  $10.84 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,163,391 
Expenses   
Management fee $973,936  
Distribution and service plan fees 6,716  
Independent trustees' fees and expenses 849  
Total expenses before reductions 981,501  
Expense reductions (122)  
Total expenses after reductions  981,379 
Net investment income (loss)  2,182,012 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,833,046  
Capital gain distributions from underlying funds:   
Affiliated issuers 9,022,213  
Total net realized gain (loss)  10,855,259 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 84,561,090  
Total change in net unrealized appreciation (depreciation)  84,561,090 
Net gain (loss)  95,416,349 
Net increase (decrease) in net assets resulting from operations  $97,598,361 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,182,012 $10,320,788 
Net realized gain (loss) 10,855,259 9,700,383 
Change in net unrealized appreciation (depreciation) 84,561,090 (46,012,630) 
Net increase (decrease) in net assets resulting from operations 97,598,361 (25,991,459) 
Distributions to shareholders (6,532,306) (16,892,690) 
Share transactions - net increase (decrease) 67,848,981 547,478,331 
Total increase (decrease) in net assets 158,915,036 504,594,182 
Net Assets   
Beginning of period 528,636,202 24,042,020 
End of period $687,551,238 $528,636,202 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2020 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.30 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .16 .05 
Net realized and unrealized gain (loss) 1.57 (.49) (.01) 
Total from investment operations 1.58 (.33) .04 
Distributions from net investment income C (.15) (.07) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.10) (.29) (.12) 
Net asset value, end of period $10.78 $9.30 $9.92 
Total ReturnD,E,F 17.09% (3.65)% .55% 
Ratios to Average Net AssetsG    
Expenses before reductions .74%H .75% .77%H,I 
Expenses net of fee waivers, if any .74%H .75% .77%H,I 
Expenses net of all reductions .74%H .75% .77%H,I 
Net investment income (loss) .25%H 1.57% .81%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,328 $1,422 $894 
Portfolio turnover rateJ 36%H 40% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.29 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .13 .03 
Net realized and unrealized gain (loss) 1.58 (.48) (.01) 
Total from investment operations 1.58 (.35) .02 
Distributions from net investment income – (.14) (.05) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.10) (.28) (.10) 
Net asset value, end of period $10.77 $9.29 $9.92 
Total ReturnD,E,F 17.06% (3.91)% .33% 
Ratios to Average Net AssetsG    
Expenses before reductions .99%H 1.00% 1.00%H 
Expenses net of fee waivers, if any .99%H 1.00% 1.00%H 
Expenses net of all reductions .99%H 1.00% 1.00%H 
Net investment income (loss) (.01)%H 1.32% .58%H 
Supplemental Data    
Net assets, end of period (000 omitted) $603 $267 $107 
Portfolio turnover rateI 36%H 40% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.26 $9.90 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .08 C 
Net realized and unrealized gain (loss) 1.56 (.49) C 
Total from investment operations 1.54 (.41) C 
Distributions from net investment income – (.09) (.05) 
Distributions from net realized gain (.09) (.14) (.05) 
Total distributions (.09) (.23) (.10) 
Net asset value, end of period $10.71 $9.26 $9.90 
Total ReturnD,E,F 16.75% (4.42)% .08% 
Ratios to Average Net AssetsG    
Expenses before reductions 1.49%H 1.50% 1.52%H,I 
Expenses net of fee waivers, if any 1.49%H 1.50% 1.52%H,I 
Expenses net of all reductions 1.46%H 1.50% 1.52%H,I 
Net investment income (loss) (.47)%H .82% .06%H 
Supplemental Data    
Net assets, end of period (000 omitted) $788 $413 $385 
Portfolio turnover rateJ 36%H 40% 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 would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.31 $9.92 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .18 .06 
Net realized and unrealized gain (loss) 1.57 (.48) (.01) 
Total from investment operations 1.60 (.30) .05 
Distributions from net investment income (.02) (.17) (.08) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)C (.31) (.13) 
Net asset value, end of period $10.80 $9.31 $9.92 
Total ReturnD,E 17.32% (3.38)% .63% 
Ratios to Average Net AssetsF    
Expenses before reductions .49%G .51%H .50%G 
Expenses net of fee waivers, if any .49%G .51%H .50%G 
Expenses net of all reductions .49%G .51%H .50%G 
Net investment income (loss) .50%G 1.81% 1.08%G 
Supplemental Data    
Net assets, end of period (000 omitted) $25,976 $19,124 $1,168 
Portfolio turnover rateI 36%G 40% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.32 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .07 
Net realized and unrealized gain (loss) 1.58 (.49) (.01) 
Total from investment operations 1.61 (.29) .06 
Distributions from net investment income (.02) (.19) (.07) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)C (.33) (.12) 
Net asset value, end of period $10.82 $9.32 $9.94 
Total ReturnD,E 17.40% (3.35)% .73% 
Ratios to Average Net AssetsF    
Expenses before reductions .39%G .40% .40%G 
Expenses net of fee waivers, if any .39%G .40% .40%G 
Expenses net of all reductions .39%G .40% .40%G 
Net investment income (loss) .60%G 1.92% 1.18%G 
Supplemental Data    
Net assets, end of period (000 omitted) $22,873 $23,420 $101 
Portfolio turnover rateH 36%G 40% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.34 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .07 
Net realized and unrealized gain (loss) 1.57 (.49) C 
Total from investment operations 1.61 (.28) .07 
Distributions from net investment income (.02) (.18) (.08) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)D (.32) (.13) 
Net asset value, end of period $10.84 $9.34 $9.94 
Total ReturnE,F 17.40% (3.21)% .77% 
Ratios to Average Net AssetsG    
Expenses before reductions .29%H .30% .31%H,I 
Expenses net of fee waivers, if any .29%H .30% .31%H,I 
Expenses net of all reductions .29%H .30% .31%H,I 
Net investment income (loss) .70%H 2.02% 1.27%H 
Supplemental Data    
Net assets, end of period (000 omitted) $623,904 $476,911 $21,065 
Portfolio turnover rateJ 36%H 40% 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 distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.31 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .06 
Net realized and unrealized gain (loss) 1.57 (.50) C 
Total from investment operations 1.60 (.31) .06 
Distributions from net investment income (.02) (.18) (.07) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)D (.32) (.12) 
Net asset value, end of period $10.80 $9.31 $9.94 
Total ReturnE,F 17.31% (3.50)% .69% 
Ratios to Average Net AssetsG    
Expenses before reductions .49%H .51%I .50%H 
Expenses net of fee waivers, if any .49%H .51%I .50%H 
Expenses net of all reductions .49%H .51%I .50%H 
Net investment income (loss) .50%H 1.81% 1.08%H 
Supplemental Data    
Net assets, end of period (000 omitted) $7,778 $5,169 $121 
Portfolio turnover rateJ 36%H 40% 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 distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.34 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .07 
Net realized and unrealized gain (loss) 1.58 (.50) (.01) 
Total from investment operations 1.61 (.30) .06 
Distributions from net investment income (.02) (.17) (.07) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)C (.30)C (.12) 
Net asset value, end of period $10.84 $9.34 $9.94 
Total ReturnD,E 17.37% (3.35)% .73% 
Ratios to Average Net AssetsF    
Expenses before reductions .39%G .40% .40%G 
Expenses net of fee waivers, if any .39%G .40% .40%G 
Expenses net of all reductions .39%G .40% .40%G 
Net investment income (loss) .60%G 1.92% 1.18%G 
Supplemental Data    
Net assets, end of period (000 omitted) $142 $121 $101 
Portfolio turnover rateH 36%G 40% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.34 $9.94 $10.00 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .07 
Net realized and unrealized gain (loss) 1.57 (.48) C 
Total from investment operations 1.61 (.28) .07 
Distributions from net investment income (.02) (.18) (.08) 
Distributions from net realized gain (.10) (.14) (.05) 
Total distributions (.11)D (.32) (.13) 
Net asset value, end of period $10.84 $9.34 $9.94 
Total ReturnE,F 17.38% (3.19)% .77% 
Ratios to Average Net AssetsG    
Expenses before reductions .29%H .31%I .30%H 
Expenses net of fee waivers, if any .29%H .31%I .30%H 
Expenses net of all reductions .29%H .31%I .30%H 
Net investment income (loss) .70%H 2.01% 1.28%H 
Supplemental Data    
Net assets, end of period (000 omitted) $3,160 $1,790 $101 
Portfolio turnover rateJ 36%H 40% 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 distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.5 
Fidelity Series Large Cap Value Index Fund 8.7 
Fidelity Series Investment Grade Bond Fund 7.0 
Fidelity Series Blue Chip Growth Fund 6.7 
Fidelity Series Inflation-Protected Bond Index Fund 6.3 
Fidelity Series Government Bond Index Fund 6.3 
Fidelity Series Corporate Bond Fund 5.2 
Fidelity Series Investment Grade Securitized Fund 4.8 
Fidelity Series Large Cap Stock Fund 4.6 
Fidelity Series Large Cap Growth Index Fund 4.3 
 64.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.2% 
   International Equity Funds 27.9% 
   Bond Funds 33.7% 
   Short-Term Funds 6.2% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2025 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 32.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,969,583 $65,537,809 
Fidelity Series Commodity Strategy Fund (a) 5,950,726 24,755,018 
Fidelity Series Large Cap Growth Index Fund (a) 2,946,414 41,956,937 
Fidelity Series Large Cap Stock Fund (a) 3,192,064 45,199,633 
Fidelity Series Large Cap Value Index Fund (a) 7,370,193 85,494,238 
Fidelity Series Small Cap Opportunities Fund (a) 1,685,894 21,512,011 
Fidelity Series Value Discovery Fund (a) 2,511,040 31,036,451 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $302,928,746)  315,492,097 
International Equity Funds - 27.9%   
Fidelity Series Canada Fund (a) 1,445,120 14,783,580 
Fidelity Series Emerging Markets Fund (a) 1,217,415 11,480,224 
Fidelity Series Emerging Markets Opportunities Fund (a) 4,916,388 103,145,822 
Fidelity Series International Growth Fund (a) 2,045,690 38,418,054 
Fidelity Series International Index Fund (a) 1,595,414 15,858,418 
Fidelity Series International Small Cap Fund (a) 764,208 13,602,894 
Fidelity Series International Value Fund (a) 4,423,234 38,128,277 
Fidelity Series Overseas Fund (a) 3,431,354 38,362,541 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $248,926,898)  273,779,810 
Bond Funds - 33.7%   
Fidelity Series Corporate Bond Fund (a) 4,579,598 51,520,473 
Fidelity Series Emerging Markets Debt Fund (a) 656,519 5,948,064 
Fidelity Series Floating Rate High Income Fund (a) 151,607 1,341,723 
Fidelity Series Government Bond Index Fund (a) 5,472,725 61,568,158 
Fidelity Series High Income Fund (a) 751,485 6,853,546 
Fidelity Series Inflation-Protected Bond Index Fund (a) 5,763,550 61,669,984 
Fidelity Series Investment Grade Bond Fund (a) 5,597,859 68,517,790 
Fidelity Series Investment Grade Securitized Fund (a) 4,377,173 46,704,439 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,185,178 22,572,894 
Fidelity Series Real Estate Income Fund (a) 409,623 4,088,037 
TOTAL BOND FUNDS   
(Cost $311,525,649)  330,785,108 
Short-Term Funds - 6.2%   
Fidelity Cash Central Fund 0.10% (b) 1,542 1,542 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 13,734,811 13,734,811 
Fidelity Series Short-Term Credit Fund (a) 836,250 8,571,565 
Fidelity Series Treasury Bill Index Fund (a) 3,789,727 37,935,165 
TOTAL SHORT-TERM FUNDS   
(Cost $60,016,311)  60,243,083 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $923,397,604)  980,300,098 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (14,733) 
NET ASSETS - 100%  $980,285,365 

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 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 $1 
Total $1 

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. $39,276,904 $28,680,522 $15,806,015 $12,912,979 $2,020,146 $11,366,252 $65,537,809 
Fidelity Series Canada Fund 10,389,447 3,478,764 1,677,033 -- (239,052) 2,831,454 14,783,580 
Fidelity Series Commodity Strategy Fund 23,200,992 5,550,274 6,954,517 104,648 (812,240) 3,770,509 24,755,018 
Fidelity Series Corporate Bond Fund 31,642,886 18,850,038 2,764,467 681,738 42,235 3,749,781 51,520,473 
Fidelity Series Emerging Markets Debt Fund 4,287,511 1,237,849 161,498 144,622 1,228 582,974 5,948,064 
Fidelity Series Emerging Markets Fund 5,717,669 3,890,394 640,979 -- 1,007 2,512,133 11,480,224 
Fidelity Series Emerging Markets Opportunities Fund 54,494,556 33,140,968 7,951,141 -- 92,197 23,369,242 103,145,822 
Fidelity Series Floating Rate High Income Fund 980,429 291,972 39,072 27,482 461 107,933 1,341,723 
Fidelity Series Government Bond Index Fund 48,924,364 19,714,220 6,902,643 420,641 16,545 (184,328) 61,568,158 
Fidelity Series Government Money Market Fund 0.16% 11,100,027 23,677,974 21,043,190 15,078 -- -- 13,734,811 
Fidelity Series High Income Fund 4,974,465 1,494,854 195,360 172,402 2,299 577,288 6,853,546 
Fidelity Series Inflation-Protected Bond Index Fund 43,423,368 18,367,049 3,264,037 42,679 26,419 3,117,185 61,669,984 
Fidelity Series International Growth Fund 30,898,510 9,170,029 10,855,673 -- 329,516 8,875,672 38,418,054 
Fidelity Series International Index Fund 11,486,700 3,673,797 1,964,336 -- (138,911) 2,801,168 15,858,418 
Fidelity Series International Small Cap Fund 9,110,460 2,441,642 1,153,477 -- 59,946 3,144,323 13,602,894 
Fidelity Series International Value Fund 29,741,178 9,061,413 7,034,606 -- (180,308) 6,540,600 38,128,277 
Fidelity Series Investment Grade Bond Fund 47,202,122 22,673,593 4,639,724 786,127 48,747 3,233,052 68,517,790 
Fidelity Series Investment Grade Securitized Fund 33,309,800 16,145,293 3,205,458 257,898 10,908 443,896 46,704,439 
Fidelity Series Large Cap Growth Index Fund 29,317,674 9,579,837 10,271,784 713,813 1,054,042 12,277,168 41,956,937 
Fidelity Series Large Cap Stock Fund 30,402,665 12,878,966 3,832,077 1,552,887 (50,108) 5,800,187 45,199,633 
Fidelity Series Large Cap Value Index Fund 56,512,480 23,113,541 6,532,177 -- 64,816 12,335,578 85,494,238 
Fidelity Series Long-Term Treasury Bond Index Fund 17,274,484 8,431,250 2,618,759 483,382 208,344 (722,425) 22,572,894 
Fidelity Series Overseas Fund 29,163,804 10,168,763 9,905,649 -- (487,194) 9,422,817 38,362,541 
Fidelity Series Real Estate Income Fund 2,704,880 953,492 122,425 124,755 539 551,551 4,088,037 
Fidelity Series Short-Term Credit Fund 8,171,855 93,230 -- 93,230 -- 306,480 8,571,565 
Fidelity Series Small Cap Opportunities Fund 15,075,941 4,985,134 2,508,391 127,995 (266,991) 4,226,318 21,512,011 
Fidelity Series Treasury Bill Index Fund 37,333,959 761,023 46,628 149,889 (72) (113,117) 37,935,165 
Fidelity Series Value Discovery Fund 17,686,922 10,617,445 1,940,973 -- 98,783 4,574,274 31,036,451 
 683,806,052 303,123,326 134,032,089 18,812,245 1,903,302 125,497,965 980,298,556 

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 September 30, 2020, 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:     
Domestic Equity Funds $315,492,097 $315,492,097 $-- $-- 
International Equity Funds 273,779,810 273,779,810 -- -- 
Bond Funds 330,785,108 330,785,108 -- -- 
Short-Term Funds 60,243,083 60,243,083 -- -- 
Total Investments in Securities: $980,300,098 $980,300,098 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $1,542) $1,542  
Other affiliated issuers (cost $923,396,062) 980,298,556  
Total Investment in Securities (cost $923,397,604)  $980,300,098 
Cash  
Receivable for investments sold  8,183,494 
Receivable for fund shares sold  664,561 
Total assets  989,148,154 
Liabilities   
Payable for investments purchased $7,730,004  
Payable for fund shares redeemed 864,469  
Accrued management fee 266,270  
Distribution and service plan fees payable 2,046  
Total liabilities  8,862,789 
Net Assets  $980,285,365 
Net Assets consist of:   
Paid in capital  $908,492,057 
Total accumulated earnings (loss)  71,793,308 
Net Assets  $980,285,365 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($2,869,249 ÷ 267,705 shares)(a)  $10.72 
Maximum offering price per share (100/94.25 of $10.72)  $11.37 
Class M:   
Net Asset Value and redemption price per share ($1,633,359 ÷ 151,889 shares)(a)  $10.75 
Maximum offering price per share (100/96.50 of $10.75)  $11.14 
Class C:   
Net Asset Value and offering price per share ($978,324 ÷ 91,973 shares)(a)  $10.64 
Fidelity Freedom Blend 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($29,815,137 ÷ 2,778,444 shares)  $10.73 
Class K:   
Net Asset Value, offering price and redemption price per share ($24,933,457 ÷ 2,319,338 shares)  $10.75 
Class K6:   
Net Asset Value, offering price and redemption price per share ($890,266,691 ÷ 82,651,056 shares)  $10.77 
Class I:   
Net Asset Value, offering price and redemption price per share ($24,719,315 ÷ 2,304,605 shares)  $10.73 
Class Z:   
Net Asset Value, offering price and redemption price per share ($114,562 ÷ 10,638 shares)  $10.77 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($4,955,271 ÷ 460,336 shares)  $10.76 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $4,189,590 
Income from Fidelity Central Funds  
Total income  4,189,591 
Expenses   
Management fee $1,433,344  
Distribution and service plan fees 10,019  
Independent trustees' fees and expenses 1,145  
Total expenses before reductions 1,444,508  
Expense reductions (9)  
Total expenses after reductions  1,444,499 
Net investment income (loss)  2,745,092 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,903,302  
Capital gain distributions from underlying funds:   
Affiliated issuers 14,622,655  
Total net realized gain (loss)  16,525,957 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 125,497,965  
Total change in net unrealized appreciation (depreciation)  125,497,965 
Net gain (loss)  142,023,922 
Net increase (decrease) in net assets resulting from operations  $144,769,014 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,745,092 $12,790,239 
Net realized gain (loss) 16,525,957 12,980,716 
Change in net unrealized appreciation (depreciation) 125,497,965 (71,048,710) 
Net increase (decrease) in net assets resulting from operations 144,769,014 (45,277,755) 
Distributions to shareholders (7,962,829) (22,266,810) 
Share transactions - net increase (decrease) 159,681,198 707,275,688 
Total increase (decrease) in net assets 296,487,383 639,731,123 
Net Assets   
Beginning of period 683,797,982 44,066,859 
End of period $980,285,365 $683,797,982 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2025 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.09 $9.82 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .16 .03 
Net realized and unrealized gain (loss) 1.71 (.58) (.02) 
Total from investment operations 1.72 (.42) .01 
Distributions from net investment income (.01) (.15) (.11) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.09)C (.31)C (.19) 
Net asset value, end of period $10.72 $9.09 $9.82 
Total ReturnD,E 19.06% (4.73)% .29% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .76%H .76% .76%H 
Expenses net of fee waivers, if any .76%H .76% .76%H 
Expenses net of all reductions .76%H .76% .76%H 
Net investment income (loss) .19%H 1.56% .58%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,869 $1,706 $168 
Portfolio turnover rateI 31%H 34% 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 Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.13 $9.82 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .13 .02 
Net realized and unrealized gain (loss) 1.71 (.58) (.02) 
Total from investment operations 1.71 (.45) – 
Distributions from net investment income – (.08) (.10) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.09) (.24)D (.18) 
Net asset value, end of period $10.75 $9.13 $9.82 
Total ReturnE,F 18.79% (4.94)% .16% 
Ratios to Average Net AssetsG,H    
Expenses before reductions 1.01%I 1.02%J 1.02%I,J 
Expenses net of fee waivers, if any 1.01%I 1.02%J 1.02%I,J 
Expenses net of all reductions 1.01%I 1.02%J 1.02%I,J 
Net investment income (loss) (.06)%I 1.31% .32%I 
Supplemental Data    
Net assets, end of period (000 omitted) $1,633 $886 $746 
Portfolio turnover rateK 31%I 34% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.05 $9.81 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.03) .08 (.01) 
Net realized and unrealized gain (loss) 1.70 (.58) (.02) 
Total from investment operations 1.67 (.50) (.03) 
Distributions from net investment income – (.11) (.09) 
Distributions from net realized gain (.08) (.15) (.08) 
Total distributions (.08) (.26) (.16)C 
Net asset value, end of period $10.64 $9.05 $9.81 
Total ReturnD,E,F 18.59% (5.45)% (.12)% 
Ratios to Average Net AssetsG,H    
Expenses before reductions 1.51%I 1.51% 1.51%I 
Expenses net of fee waivers, if any 1.51%I 1.51% 1.51%I 
Expenses net of all reductions 1.51%I 1.51% 1.51%I 
Net investment income (loss) (.56)%I .81% (.17)%I 
Supplemental Data    
Net assets, end of period (000 omitted) $978 $472 $298 
Portfolio turnover rateJ 31%I 34% 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 Total distributions per share do not sum due to rounding.

 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.10 $9.82 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .18 .05 
Net realized and unrealized gain (loss) 1.71 (.57) (.03) 
Total from investment operations 1.73 (.39) .02 
Distributions from net investment income (.01) (.17) (.13) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.10) (.33)C (.20)C 
Net asset value, end of period $10.73 $9.10 $9.82 
Total ReturnD 19.14% (4.45)% .42% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .51%G .52%H .52%G,H 
Expenses net of fee waivers, if any .51%G .52%H .52%G,H 
Expenses net of all reductions .51%G .52%H .52%G,H 
Net investment income (loss) .44%G 1.80% .83%G 
Supplemental Data    
Net assets, end of period (000 omitted) $29,815 $21,223 $1,621 
Portfolio turnover rateI 31%G 34% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.11 $9.83 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .05 
Net realized and unrealized gain (loss) 1.71 (.58) (.02) 
Total from investment operations 1.74 (.38) .03 
Distributions from net investment income (.01) (.18) (.12) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.10) (.34)C (.20) 
Net asset value, end of period $10.75 $9.11 $9.83 
Total ReturnD 19.20% (4.34)% .47% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .41%G .41% .41%G 
Expenses net of fee waivers, if any .41%G .41% .41%G 
Expenses net of all reductions .41%G .41% .41%G 
Net investment income (loss) .54%G 1.91% .93%G 
Supplemental Data    
Net assets, end of period (000 omitted) $24,933 $24,031 $101 
Portfolio turnover rateH 31%G 34% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.13 $9.84 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .21 .06 
Net realized and unrealized gain (loss) 1.71 (.59) (.02) 
Total from investment operations 1.74 (.38) .04 
Distributions from net investment income (.02) (.18) (.12) 
Distributions from net realized gain (.09) (.16) (.08) 
Total distributions (.10)C (.33)C (.20) 
Net asset value, end of period $10.77 $9.13 $9.84 
Total ReturnD 19.21% (4.28)% .60% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .31%G .31% .32%G,H 
Expenses net of fee waivers, if any .31%G .31% .32%G,H 
Expenses net of all reductions .31%G .31% .32%G,H 
Net investment income (loss) .64%G 2.01% 1.02%G 
Supplemental Data    
Net assets, end of period (000 omitted) $890,267 $623,940 $40,828 
Portfolio turnover rateI 31%G 34% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.10 $9.83 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .18 .05 
Net realized and unrealized gain (loss) 1.71 (.57) (.02) 
Total from investment operations 1.73 (.39) .03 
Distributions from net investment income (.02) (.18) (.12) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.10)C (.34)C (.20) 
Net asset value, end of period $10.73 $9.10 $9.83 
Total ReturnD 19.19% (4.46)% .43% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .51%G .51% .51%G 
Expenses net of fee waivers, if any .51%G .51% .51%G 
Expenses net of all reductions .51%G .51% .51%G 
Net investment income (loss) .44%G 1.81% .83%G 
Supplemental Data    
Net assets, end of period (000 omitted) $24,719 $7,685 $100 
Portfolio turnover rateH 31%G 34% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.13 $9.83 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .05 
Net realized and unrealized gain (loss) 1.71 (.58) (.02) 
Total from investment operations 1.74 (.38) .03 
Distributions from net investment income (.01) (.17) (.12) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.10) (.32) (.20) 
Net asset value, end of period $10.77 $9.13 $9.83 
Total ReturnC 19.17% (4.30)% .47% 
Ratios to Average Net AssetsD,E    
Expenses before reductions .41%F .41% .41%F 
Expenses net of fee waivers, if any .41%F .41% .41%F 
Expenses net of all reductions .41%F .41% .41%F 
Net investment income (loss) .54%F 1.91% .93%F 
Supplemental Data    
Net assets, end of period (000 omitted) $115 $96 $101 
Portfolio turnover rateG 31%F 34% 23%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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.12 $9.84 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .06 
Net realized and unrealized gain (loss) 1.71 (.58) (.02) 
Total from investment operations 1.74 (.38) .04 
Distributions from net investment income (.02) (.18) (.12) 
Distributions from net realized gain (.09) (.15) (.08) 
Total distributions (.10)C (.34)C (.20) 
Net asset value, end of period $10.76 $9.12 $9.84 
Total ReturnD 19.25% (4.35)% .60% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .31%G .32%H .31%G 
Expenses net of fee waivers, if any .31%G .32%H .31%G 
Expenses net of all reductions .31%G .32%H .31%G 
Net investment income (loss) .64%G 2.01% 1.03%G 
Supplemental Data    
Net assets, end of period (000 omitted) $4,955 $3,760 $104 
Portfolio turnover rateI 31%G 34% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 11.4 
Fidelity Series Large Cap Value Index Fund 10.2 
Fidelity Series Blue Chip Growth Fund 7.8 
Fidelity Series Investment Grade Bond Fund 6.0 
Fidelity Series Inflation-Protected Bond Index Fund 5.6 
Fidelity Series Large Cap Stock Fund 5.4 
Fidelity Series Government Bond Index Fund 5.4 
Fidelity Series Large Cap Growth Index Fund 5.0 
Fidelity Series Corporate Bond Fund 4.5 
Fidelity Series International Growth Fund 4.5 
 65.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.2% 
   International Equity Funds 31.3% 
   Bond Funds 29.7% 
   Short-Term Funds 1.8% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2030 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 37.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 4,670,673 $77,112,810 
Fidelity Series Commodity Strategy Fund (a) 5,986,123 24,902,271 
Fidelity Series Large Cap Growth Index Fund (a) 3,466,779 49,366,937 
Fidelity Series Large Cap Stock Fund (a) 3,755,831 53,182,566 
Fidelity Series Large Cap Value Index Fund (a) 8,671,860 100,593,572 
Fidelity Series Small Cap Opportunities Fund (a) 1,983,614 25,310,912 
Fidelity Series Value Discovery Fund (a) 2,954,537 36,518,077 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $352,290,557)  366,987,145 
International Equity Funds - 31.3%   
Fidelity Series Canada Fund (a) 1,663,605 17,018,683 
Fidelity Series Emerging Markets Fund (a) 1,328,404 12,526,846 
Fidelity Series Emerging Markets Opportunities Fund (a) 5,364,394 112,544,982 
Fidelity Series International Growth Fund (a) 2,354,718 44,221,607 
Fidelity Series International Index Fund (a) 1,836,545 18,255,255 
Fidelity Series International Small Cap Fund (a) 881,932 15,698,383 
Fidelity Series International Value Fund (a) 5,090,881 43,883,398 
Fidelity Series Overseas Fund (a) 3,949,674 44,157,351 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $281,275,581)  308,306,505 
Bond Funds - 29.7%   
Fidelity Series Corporate Bond Fund (a) 3,954,104 44,483,669 
Fidelity Series Emerging Markets Debt Fund (a) 658,782 5,968,569 
Fidelity Series Floating Rate High Income Fund (a) 151,167 1,337,831 
Fidelity Series Government Bond Index Fund (a) 4,724,690 53,152,764 
Fidelity Series High Income Fund (a) 750,938 6,848,554 
Fidelity Series Inflation-Protected Bond Index Fund (a) 5,117,614 54,758,472 
Fidelity Series Investment Grade Bond Fund (a) 4,832,420 59,148,825 
Fidelity Series Investment Grade Securitized Fund (a) 3,779,618 40,328,527 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,206,786 22,796,097 
Fidelity Series Real Estate Income Fund (a) 409,154 4,083,352 
TOTAL BOND FUNDS   
(Cost $277,341,875)  292,906,660 
Short-Term Funds - 1.8%   
Fidelity Cash Central Fund 0.10% (b) 1,208 1,208 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 5,095,339 5,095,339 
Fidelity Series Short-Term Credit Fund (a) 146,500 1,501,628 
Fidelity Series Treasury Bill Index Fund (a) 1,166,641 11,678,081 
TOTAL SHORT-TERM FUNDS   
(Cost $18,242,902)  18,276,256 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $929,150,915)  986,476,566 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (16,239) 
NET ASSETS - 100%  $986,460,327 

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 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 $1 
Total $1 

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 $46,431,602 $33,562,626 $18,636,557 $15,216,269 $2,287,392 $13,467,747 $77,112,810 
Fidelity Series Canada Fund 11,264,649 4,314,256 1,516,271 -- (154,219) 3,110,268 17,018,683 
Fidelity Series Commodity Strategy Fund 22,844,118 5,464,203 6,349,045 105,620 (862,192) 3,805,187 24,902,271 
Fidelity Series Corporate Bond Fund 26,442,962 17,455,583 2,575,394 577,192 36,107 3,124,411 44,483,669 
Fidelity Series Emerging Markets Debt Fund 4,304,484 1,224,930 145,121 144,954 207 584,069 5,968,569 
Fidelity Series Emerging Markets Fund 6,338,473 4,089,486 633,376 -- (5,562) 2,737,825 12,526,846 
Fidelity Series Emerging Markets Opportunities Fund 59,212,903 34,909,250 7,129,454 -- (17,753) 25,570,036 112,544,982 
Fidelity Series Floating Rate High Income Fund 976,777 288,643 35,110 27,359 62 107,459 1,337,831 
Fidelity Series Government Bond Index Fund 40,835,997 18,735,029 6,276,132 355,789 16,963 (159,093) 53,152,764 
Fidelity Series Government Money Market Fund 0.16% 6,946,249 12,004,684 13,855,594 5,404 -- -- 5,095,339 
Fidelity Series High Income Fund 4,969,414 1,478,442 175,549 172,020 134 576,113 6,848,554 
Fidelity Series Inflation-Protected Bond Index Fund 35,414,710 19,940,129 3,280,858 36,139 10,377 2,674,114 54,758,472 
Fidelity Series International Growth Fund 34,839,346 10,209,722 11,308,868 -- 279,145 10,202,262 44,221,607 
Fidelity Series International Index Fund 13,264,285 3,702,802 1,726,995 -- (140,028) 3,155,191 18,255,255 
Fidelity Series International Small Cap Fund 10,500,823 2,742,182 1,217,258 -- (8,355) 3,680,991 15,698,383 
Fidelity Series International Value Fund 33,590,402 9,816,066 6,733,767 -- (697,396) 7,908,093 43,883,398 
Fidelity Series Investment Grade Bond Fund 38,981,456 21,569,828 4,148,539 664,934 42,566 2,703,514 59,148,825 
Fidelity Series Investment Grade Securitized Fund 27,852,376 15,164,242 3,070,428 217,744 9,131 373,206 40,328,527 
Fidelity Series Large Cap Growth Index Fund 34,828,705 11,148,796 12,326,458 836,716 1,202,911 14,512,983 49,366,937 
Fidelity Series Large Cap Stock Fund 35,858,801 14,778,288 4,196,627 1,829,720 (198,878) 6,940,982 53,182,566 
Fidelity Series Large Cap Value Index Fund 66,802,413 25,873,017 6,671,763 -- (429,844) 15,019,749 100,593,572 
Fidelity Series Long-Term Treasury Bond Index Fund 17,290,919 8,651,447 2,649,753 478,648 234,387 (730,903) 22,796,097 
Fidelity Series Overseas Fund 32,981,347 11,184,856 10,167,775 -- (499,356) 10,658,279 44,157,351 
Fidelity Series Real Estate Income Fund 2,701,228 942,634 110,159 123,794 (1,798) 551,447 4,083,352 
Fidelity Series Short-Term Credit Fund 1,431,604 16,333 -- 16,333 -- 53,691 1,501,628 
Fidelity Series Small Cap Opportunities Fund 17,739,595 5,437,443 2,522,536 150,982 (380,211) 5,036,621 25,310,912 
Fidelity Series Treasury Bill Index Fund 17,358,861 388,305 6,012,713 67,672 (16,866) (39,506) 11,678,081 
Fidelity Series Value Discovery Fund 20,826,021 12,129,582 1,940,348 -- 6,098 5,496,724 36,518,077 
 672,830,520 307,222,804 135,412,448 21,027,289 713,022 141,121,460 986,475,358 

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 September 30, 2020, 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:     
Domestic Equity Funds $366,987,145 $366,987,145 $-- $-- 
International Equity Funds 308,306,505 308,306,505 -- -- 
Bond Funds 292,906,660 292,906,660 -- -- 
Short-Term Funds 18,276,256 18,276,256 -- -- 
Total Investments in Securities: $986,476,566 $986,476,566 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $1,208) $1,208  
Other affiliated issuers (cost $929,149,707) 986,475,358  
Total Investment in Securities (cost $929,150,915)  $986,476,566 
Cash  76 
Receivable for investments sold  7,941,706 
Receivable for fund shares sold  830,285 
Total assets  995,248,633 
Liabilities   
Payable for investments purchased $7,505,065  
Payable for fund shares redeemed 1,005,080  
Accrued management fee 274,940  
Distribution and service plan fees payable 3,221  
Total liabilities  8,788,306 
Net Assets  $986,460,327 
Net Assets consist of:   
Paid in capital  $912,151,374 
Total accumulated earnings (loss)  74,308,953 
Net Assets  $986,460,327 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($2,349,989 ÷ 221,597 shares)(a)  $10.60 
Maximum offering price per share (100/94.25 of $10.60)  $11.25 
Class M:   
Net Asset Value and redemption price per share ($1,423,747 ÷ 134,452 shares)(a)  $10.59 
Maximum offering price per share (100/96.50 of $10.59)  $10.97 
Class C:   
Net Asset Value and offering price per share ($2,169,172 ÷ 206,229 shares)(a)  $10.52 
Fidelity Freedom Blend 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($23,820,010 ÷ 2,241,745 shares)  $10.63 
Class K:   
Net Asset Value, offering price and redemption price per share ($24,714,329 ÷ 2,322,469 shares)  $10.64 
Class K6:   
Net Asset Value, offering price and redemption price per share ($903,091,138 ÷ 84,691,925 shares)  $10.66 
Class I:   
Net Asset Value, offering price and redemption price per share ($24,028,878 ÷ 2,261,329 shares)  $10.63 
Class Z:   
Net Asset Value, offering price and redemption price per share ($201,178 ÷ 18,874 shares)  $10.66 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($4,661,886 ÷ 437,242 shares)  $10.66 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,941,733 
Income from Fidelity Central Funds  
Total income  3,941,734 
Expenses   
Management fee $1,471,652  
Distribution and service plan fees 15,672  
Independent trustees' fees and expenses 1,136  
Total expenses before reductions 1,488,460  
Expense reductions (36)  
Total expenses after reductions  1,488,424 
Net investment income (loss)  2,453,310 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 713,022  
Capital gain distributions from underlying funds:   
Affiliated issuers 17,085,556  
Total net realized gain (loss)  17,798,578 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 141,121,460  
Total change in net unrealized appreciation (depreciation)  141,121,460 
Net gain (loss)  158,920,038 
Net increase (decrease) in net assets resulting from operations  $161,373,348 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,453,310 $12,382,383 
Net realized gain (loss) 17,798,578 15,476,861 
Change in net unrealized appreciation (depreciation) 141,121,460 (85,353,280) 
Net increase (decrease) in net assets resulting from operations 161,373,348 (57,494,036) 
Distributions to shareholders (8,278,044) (22,856,187) 
Share transactions - net increase (decrease) 160,543,056 729,183,489 
Total increase (decrease) in net assets 313,638,360 648,833,266 
Net Assets   
Beginning of period 672,821,967 23,988,701 
End of period $986,460,327 $672,821,967 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2030 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.81 $9.68 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .16 .02 
Net realized and unrealized gain (loss) 1.87 (.70) (.09) 
Total from investment operations 1.88 (.54) (.07) 
Distributions from net investment income – (.16) (.13) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.09) (.33) (.25) 
Net asset value, end of period $10.60 $8.81 $9.68 
Total ReturnC,D,E 21.51% (6.09)% (.45)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .77%H .77% .78%H,I 
Expenses net of fee waivers, if any .77%H .77% .78%H,I 
Expenses net of all reductions .77%H .77% .78%H,I 
Net investment income (loss) .12%H 1.56% .39%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,350 $1,516 $348 
Portfolio turnover rateJ 31%H 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.79 $9.68 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .13 .01 
Net realized and unrealized gain (loss) 1.89 (.70) (.09) 
Total from investment operations 1.88 (.57) (.08) 
Distributions from net investment income – (.15) (.12) 
Distributions from net realized gain (.08) (.17) (.12) 
Total distributions (.08) (.32) (.24) 
Net asset value, end of period $10.59 $8.79 $9.68 
Total ReturnC,D,E 21.53% (6.44)% (.56)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions 1.02%H 1.02% 1.02%H 
Expenses net of fee waivers, if any 1.02%H 1.02% 1.02%H 
Expenses net of all reductions 1.02%H 1.02% 1.02%H 
Net investment income (loss) (.13)%H 1.32% .15%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,424 $976 $170 
Portfolio turnover rateI 31%H 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.77 $9.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.03) .08 (.02) 
Net realized and unrealized gain (loss) 1.88 (.71) (.08) 
Total from investment operations 1.85 (.63) (.10) 
Distributions from net investment income (.01) (.09) (.12) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.26) (.24) 
Net asset value, end of period $10.52 $8.77 $9.66 
Total ReturnC,D,E 21.23% (6.94)% (.81)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions 1.53%H,I 1.51%I 1.52%H 
Expenses net of fee waivers, if any 1.53%H,I 1.51%I 1.52%H 
Expenses net of all reductions 1.52%H,I 1.51%I 1.52%H 
Net investment income (loss) (.63)%H .82% (.35)%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,169 $987 $259 
Portfolio turnover rateJ 31%H 31% 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 Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.82 $9.69 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .18 .04 
Net realized and unrealized gain (loss) 1.89 (.70) (.09) 
Total from investment operations 1.91 (.52) (.05) 
Distributions from net investment income (.01) (.18) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.35) (.26) 
Net asset value, end of period $10.63 $8.82 $9.69 
Total ReturnC,D 21.83% (5.94)% (.26)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .52%G .53%H .52%G 
Expenses net of fee waivers, if any .52%G .53%H .52%G 
Expenses net of all reductions .52%G .53%H .52%G 
Net investment income (loss) .37%G 1.81% .65%G 
Supplemental Data    
Net assets, end of period (000 omitted) $23,820 $17,917 $762 
Portfolio turnover rateI 31%G 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.83 $9.70 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .20 .04 
Net realized and unrealized gain (loss) 1.89 (.71) (.08) 
Total from investment operations 1.91 (.51) (.04) 
Distributions from net investment income (.01) (.19) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.36) (.26) 
Net asset value, end of period $10.64 $8.83 $9.70 
Total ReturnC,D 21.79% (5.86)% (.15)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .42%G .42% .42%G 
Expenses net of fee waivers, if any .42%G .42% .42%G 
Expenses net of all reductions .42%G .42% .42%G 
Net investment income (loss) .47%G 1.91% .75%G 
Supplemental Data    
Net assets, end of period (000 omitted) $24,714 $21,646 $100 
Portfolio turnover rateH 31%G 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.85 $9.70 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .05 
Net realized and unrealized gain (loss) 1.88 (.70) (.09) 
Total from investment operations 1.91 (.50) (.04) 
Distributions from net investment income (.01) (.18) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.35) (.26) 
Net asset value, end of period $10.66 $8.85 $9.70 
Total ReturnC,D 21.78% (5.71)% (.11)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .32%G .32% .33%G,H 
Expenses net of fee waivers, if any .32%G .32% .33%G,H 
Expenses net of all reductions .32%G .32% .33%G,H 
Net investment income (loss) .57%G 2.02% .84%G 
Supplemental Data    
Net assets, end of period (000 omitted) $903,091 $615,185 $21,781 
Portfolio turnover rateI 31%G 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.82 $9.69 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .18 .04 
Net realized and unrealized gain (loss) 1.89 (.70) (.10) 
Total from investment operations 1.91 (.52) (.06) 
Distributions from net investment income (.01) (.18) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.35) (.25)C 
Net asset value, end of period $10.63 $8.82 $9.69 
Total ReturnD,E 21.84% (5.92)% (.29)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .52%H .53%I .52%H 
Expenses net of fee waivers, if any .52%H .53%I .52%H 
Expenses net of all reductions .52%H .53%I .52%H 
Net investment income (loss) .37%H 1.81% .65%H 
Supplemental Data    
Net assets, end of period (000 omitted) $24,029 $10,530 $100 
Portfolio turnover rateJ 31%H 31% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.85 $9.70 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .19 .04 
Net realized and unrealized gain (loss) 1.89 (.70) (.08) 
Total from investment operations 1.91 (.51) (.04) 
Distributions from net investment income (.01) (.17) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.10) (.34) (.26) 
Net asset value, end of period $10.66 $8.85 $9.70 
Total ReturnC,D 21.78% (5.83)% (.15)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .42%G .42% .42%G 
Expenses net of fee waivers, if any .42%G .42% .42%G 
Expenses net of all reductions .42%G .42% .42%G 
Net investment income (loss) .47%G 1.92% .75%G 
Supplemental Data    
Net assets, end of period (000 omitted) $201 $141 $100 
Portfolio turnover rateH 31%G 31% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.85 $9.70 $10.00 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .05 
Net realized and unrealized gain (loss) 1.89 (.69) (.09) 
Total from investment operations 1.92 (.50) (.04) 
Distributions from net investment income (.01) (.18) (.14) 
Distributions from net realized gain (.09) (.17) (.12) 
Total distributions (.11)C (.35) (.26) 
Net asset value, end of period $10.66 $8.85 $9.70 
Total ReturnD,E 21.80% (5.72)% (.11)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .32%H .33%I .32%H 
Expenses net of fee waivers, if any .32%H .33%I .32%H 
Expenses net of all reductions .32%H .33%I .32%H 
Net investment income (loss) .57%H 2.01% .85%H 
Supplemental Data    
Net assets, end of period (000 omitted) $4,662 $3,925 $368 
Portfolio turnover rateJ 31%H 31% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 13.0 
Fidelity Series Large Cap Value Index Fund 12.9 
Fidelity Series Blue Chip Growth Fund 9.8 
Fidelity Series Large Cap Stock Fund 6.8 
Fidelity Series Large Cap Growth Index Fund 6.3 
Fidelity Series International Growth Fund 5.5 
Fidelity Series Overseas Fund 5.5 
Fidelity Series International Value Fund 5.5 
Fidelity Series Value Discovery Fund 4.7 
Fidelity Series Small Cap Opportunities Fund 3.2 
 73.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 46.2% 
   International Equity Funds 37.2% 
   Bond Funds 15.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2035 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 46.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 5,324,355 $87,905,093 
Fidelity Series Commodity Strategy Fund (a) 5,410,792 22,508,896 
Fidelity Series Large Cap Growth Index Fund (a) 3,951,945 56,275,695 
Fidelity Series Large Cap Stock Fund (a) 4,281,536 60,626,543 
Fidelity Series Large Cap Value Index Fund (a) 9,885,632 114,673,328 
Fidelity Series Small Cap Opportunities Fund (a) 2,261,212 28,853,070 
Fidelity Series Value Discovery Fund (a) 3,368,092 41,629,613 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $396,894,877)  412,472,238 
International Equity Funds - 37.2%   
Fidelity Series Canada Fund (a) 1,847,057 18,895,393 
Fidelity Series Emerging Markets Fund (a) 1,369,899 12,918,144 
Fidelity Series Emerging Markets Opportunities Fund (a) 5,532,435 116,070,491 
Fidelity Series International Growth Fund (a) 2,614,507 49,100,446 
Fidelity Series International Index Fund (a) 2,039,038 20,268,035 
Fidelity Series International Small Cap Fund (a) 971,586 17,294,228 
Fidelity Series International Value Fund (a) 5,653,612 48,734,135 
Fidelity Series Overseas Fund (a) 4,385,415 49,028,937 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $305,384,159)  332,309,809 
Bond Funds - 15.2%   
Fidelity Series Corporate Bond Fund (a) 1,607,373 18,082,947 
Fidelity Series Emerging Markets Debt Fund (a) 603,959 5,471,867 
Fidelity Series Floating Rate High Income Fund (a) 135,447 1,198,705 
Fidelity Series Government Bond Index Fund (a) 1,920,147 21,601,654 
Fidelity Series High Income Fund (a) 673,874 6,145,734 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,683,351 18,011,855 
Fidelity Series Investment Grade Bond Fund (a) 1,963,621 24,034,715 
Fidelity Series Investment Grade Securitized Fund (a) 1,536,695 16,396,531 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,988,564 20,541,866 
Fidelity Series Real Estate Income Fund (a) 365,606 3,648,749 
TOTAL BOND FUNDS   
(Cost $129,368,428)  135,134,623 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 1,299,897 1,299,897 
Fidelity Series Short-Term Credit Fund (a) 143,898 1,474,953 
Fidelity Series Treasury Bill Index Fund (a) 955,435 9,563,907 
TOTAL SHORT-TERM FUNDS   
(Cost $12,304,220)  12,338,806 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $843,951,684)  892,255,476 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (12,728) 
NET ASSETS - 100%  $892,242,748 

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 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 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 $53,605,125 $34,231,007 $17,722,149 $17,341,239 $2,390,502 $15,400,608 $87,905,093 
Fidelity Series Canada Fund 12,956,167 4,104,112 1,408,150 -- (142,974) 3,386,238 18,895,393 
Fidelity Series Commodity Strategy Fund 20,802,498 4,557,713 5,496,103 95,986 (698,621) 3,343,409 22,508,896 
Fidelity Series Corporate Bond Fund 10,151,361 8,747,159 1,964,209 218,273 (22,772) 1,171,408 18,082,947 
Fidelity Series Emerging Markets Debt Fund 4,120,323 909,200 105,336 134,233 1,689 545,991 5,471,867 
Fidelity Series Emerging Markets Fund 6,831,507 3,762,833 492,402 -- 887 2,815,319 12,918,144 
Fidelity Series Emerging Markets Opportunities Fund 62,858,766 31,341,342 4,564,950 -- 70,343 26,364,990 116,070,491 
Fidelity Series Floating Rate High Income Fund 913,185 212,237 25,484 24,746 365 98,402 1,198,705 
Fidelity Series Government Bond Index Fund 15,858,297 9,495,584 3,685,342 134,015 25,697 (92,582) 21,601,654 
Fidelity Series Government Money Market Fund 0.16% 5,905,521 7,075,217 11,680,841 4,141 -- -- 1,299,897 
Fidelity Series High Income Fund 4,649,299 1,093,217 127,423 155,757 1,933 528,708 6,145,734 
Fidelity Series Inflation-Protected Bond Index Fund 13,647,353 5,254,613 1,813,703 12,345 9,915 913,677 18,011,855 
Fidelity Series International Growth Fund 38,109,618 9,264,462 9,759,402 -- 224,347 11,261,421 49,100,446 
Fidelity Series International Index Fund 14,782,569 3,461,584 1,306,194 -- (58,596) 3,388,672 20,268,035 
Fidelity Series International Small Cap Fund 11,377,259 2,602,516 715,641 -- 49,271 3,980,823 17,294,228 
Fidelity Series International Value Fund 36,453,641 9,258,145 4,959,916 -- (285,190) 8,267,455 48,734,135 
Fidelity Series Investment Grade Bond Fund 14,136,106 11,251,053 2,352,613 250,207 38,187 961,982 24,034,715 
Fidelity Series Investment Grade Securitized Fund 10,828,640 7,759,597 2,331,117 81,825 4,618 134,793 16,396,531 
Fidelity Series Large Cap Growth Index Fund 39,935,026 10,763,423 12,218,419 959,484 1,272,502 16,523,163 56,275,695 
Fidelity Series Large Cap Stock Fund 41,481,954 14,610,005 3,216,571 2,074,329 (59,376) 7,810,531 60,626,543 
Fidelity Series Large Cap Value Index Fund 77,082,200 25,111,345 4,313,873 -- (152,829) 16,946,485 114,673,328 
Fidelity Series Long-Term Treasury Bond Index Fund 15,259,420 7,900,544 2,138,704 432,786 141,458 (620,852) 20,541,866 
Fidelity Series Overseas Fund 36,192,417 10,494,339 8,818,836 -- (442,080) 11,603,097 49,028,937 
Fidelity Series Real Estate Income Fund 2,526,561 698,931 79,875 111,433 1,029 502,103 3,648,749 
Fidelity Series Short-Term Credit Fund 1,406,173 16,042 -- 16,043 -- 52,738 1,474,953 
Fidelity Series Small Cap Opportunities Fund 20,553,439 5,312,536 2,333,356 172,046 (398,387) 5,718,838 28,853,070 
Fidelity Series Treasury Bill Index Fund 16,132,168 249,484 6,765,322 62,192 (18,452) (33,971) 9,563,907 
Fidelity Series Value Discovery Fund 24,115,610 12,229,785 1,086,118 -- (10,381) 6,380,717 41,629,613 
 612,672,203 241,768,025 111,482,049 22,281,080 1,943,085 147,354,163 892,255,427 

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

The following is a summary of the inputs used, as of September 30, 2020, 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:     
Domestic Equity Funds $412,472,238 $412,472,238 $-- $-- 
International Equity Funds 332,309,809 332,309,809 -- -- 
Bond Funds 135,134,623 135,134,623 -- -- 
Short-Term Funds 12,338,806 12,338,806 -- -- 
Total Investments in Securities: $892,255,476 $892,255,476 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $843,951,635) 892,255,427  
Total Investment in Securities (cost $843,951,684)  $892,255,476 
Cash  507 
Receivable for investments sold  5,328,896 
Receivable for fund shares sold  976,105 
Total assets  898,560,984 
Liabilities   
Payable for investments purchased $5,885,301  
Payable for fund shares redeemed 178,298  
Accrued management fee 253,473  
Distribution and service plan fees payable 1,164  
Total liabilities  6,318,236 
Net Assets  $892,242,748 
Net Assets consist of:   
Paid in capital  $825,158,883 
Total accumulated earnings (loss)  67,083,865 
Net Assets  $892,242,748 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,582,139 ÷ 150,512 shares)(a)  $10.51 
Maximum offering price per share (100/94.25 of $10.51)  $11.15 
Class M:   
Net Asset Value and redemption price per share ($498,253 ÷ 47,477 shares)(a)  $10.49 
Maximum offering price per share (100/96.50 of $10.49)  $10.87 
Class C:   
Net Asset Value and offering price per share ($842,917 ÷ 80,716 shares)(a)  $10.44 
Fidelity Freedom Blend 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($23,400,232 ÷ 2,221,975 shares)  $10.53 
Class K:   
Net Asset Value, offering price and redemption price per share ($17,211,452 ÷ 1,632,468 shares)  $10.54 
Class K6:   
Net Asset Value, offering price and redemption price per share ($832,891,737 ÷ 78,837,962 shares)  $10.56 
Class I:   
Net Asset Value, offering price and redemption price per share ($12,328,862 ÷ 1,171,301 shares)  $10.53 
Class Z:   
Net Asset Value, offering price and redemption price per share ($286,578 ÷ 27,159 shares)  $10.55 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($3,200,578 ÷ 303,139 shares)  $10.56 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,890,994 
Expenses   
Management fee $1,358,432  
Distribution and service plan fees 5,119  
Independent trustees' fees and expenses 1,030  
Total expenses before reductions 1,364,581  
Expense reductions (61)  
Total expenses after reductions  1,364,520 
Net investment income (loss)  1,526,474 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,943,085  
Capital gain distributions from underlying funds:   
Affiliated issuers 19,390,086  
Total net realized gain (loss)  21,333,171 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 147,354,163  
Total change in net unrealized appreciation (depreciation)  147,354,163 
Net gain (loss)  168,687,334 
Net increase (decrease) in net assets resulting from operations  $170,213,808 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,526,474 $11,474,916 
Net realized gain (loss) 21,333,171 16,132,295 
Change in net unrealized appreciation (depreciation) 147,354,163 (100,716,270) 
Net increase (decrease) in net assets resulting from operations 170,213,808 (73,109,059) 
Distributions to shareholders (8,636,201) (23,043,735) 
Share transactions - net increase (decrease) 118,000,903 683,771,373 
Total increase (decrease) in net assets 279,578,510 587,618,579 
Net Assets   
Beginning of period 612,664,238 25,045,659 
End of period $892,242,748 $612,664,238 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2035 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.46 $9.60 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .15 C 
Net realized and unrealized gain (loss) 2.15 (.94) (.15) 
Total from investment operations 2.15 (.79) (.15) 
Distributions from net investment income – (.17) (.14) 
Distributions from net realized gain (.10) (.19) (.12) 
Total distributions (.10) (.35)D (.25)D 
Net asset value, end of period $10.51 $8.46 $9.60 
Total ReturnE,F,G 25.64% (8.89)% (1.18)% 
Ratios to Average Net AssetsH    
Expenses before reductions .78%I .78% .79%I,J 
Expenses net of fee waivers, if any .78%I .78% .79%I,J 
Expenses net of all reductions .77%I .78% .79%I,J 
Net investment income (loss) (.05)%I 1.52% .09%I 
Supplemental Data    
Net assets, end of period (000 omitted) $1,582 $790 $357 
Portfolio turnover rateK 28%I 31% 16%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 per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.46 $9.59 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .13 (.01) 
Net realized and unrealized gain (loss) 2.15 (.94) (.15) 
Total from investment operations 2.13 (.81) (.16) 
Distributions from net investment income – (.14) (.13) 
Distributions from net realized gain (.10) (.19) (.12) 
Total distributions (.10) (.32)C (.25) 
Net asset value, end of period $10.49 $8.46 $9.59 
Total ReturnD,E 25.34% (9.06)% (1.30)% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.03%G 1.03% 1.03%G 
Expenses net of fee waivers, if any 1.03%G 1.03% 1.03%G 
Expenses net of all reductions 1.03%G 1.03% 1.03%G 
Net investment income (loss) (.31)%G 1.27% (.16)%G 
Supplemental Data    
Net assets, end of period (000 omitted) $498 $291 $177 
Portfolio turnover rateH 28%G 31% 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 Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.44 $9.59 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.04) .08 (.04) 
Net realized and unrealized gain (loss) 2.14 (.94) (.14) 
Total from investment operations 2.10 (.86) (.18) 
Distributions from net investment income – (.10) (.11) 
Distributions from net realized gain (.10) (.19) (.12) 
Total distributions (.10) (.29) (.23) 
Net asset value, end of period $10.44 $8.44 $9.59 
Total ReturnC,D 25.04% (9.54)% (1.56)% 
Ratios to Average Net AssetsE    
Expenses before reductions 1.54%F,G 1.53% 1.54%F,G 
Expenses net of fee waivers, if any 1.54%F,G 1.53% 1.54%F,G 
Expenses net of all reductions 1.54%F,G 1.53% 1.54%F,G 
Net investment income (loss) (.81)%F .77% (.67)%F 
Supplemental Data    
Net assets, end of period (000 omitted) $843 $274 $207 
Portfolio turnover rateH 28%F 31% 16%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.48 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .17 .02 
Net realized and unrealized gain (loss) 2.16 (.94) (.15) 
Total from investment operations 2.17 (.77) (.13) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.12) (.19) (.12) 
Total distributions (.12) (.36)C (.26)C 
Net asset value, end of period $10.53 $8.48 $9.61 
Total ReturnD 25.73% (8.68)% (.96)% 
Ratios to Average Net AssetsE    
Expenses before reductions .53%F .54%G .53%F 
Expenses net of fee waivers, if any .53%F .54%G .53%F 
Expenses net of all reductions .53%F .54%G .53%F 
Net investment income (loss) .19%F 1.76% .34%F 
Supplemental Data    
Net assets, end of period (000 omitted) $23,400 $14,672 $984 
Portfolio turnover rateH 28%F 31% 16%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.48 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .02 
Net realized and unrealized gain (loss) 2.16 (.94) (.15) 
Total from investment operations 2.17 (.75) (.13) 
Distributions from net investment income – (.19) (.15) 
Distributions from net realized gain (.11) (.19) (.12) 
Total distributions (.11) (.38) (.26)C 
Net asset value, end of period $10.54 $8.48 $9.61 
Total ReturnD 25.82% (8.56)% (.97)% 
Ratios to Average Net AssetsE    
Expenses before reductions .43%F .43% .43%F 
Expenses net of fee waivers, if any .43%F .43% .43%F 
Expenses net of all reductions .43%F .43% .43%F 
Net investment income (loss) .29%F 1.87% .44%F 
Supplemental Data    
Net assets, end of period (000 omitted) $17,211 $16,000 $99 
Portfolio turnover rateG 28%F 31% 16%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.50 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .20 .03 
Net realized and unrealized gain (loss) 2.16 (.94) (.15) 
Total from investment operations 2.18 (.74) (.12) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.12) (.19) (.12) 
Total distributions (.12) (.37) (.27) 
Net asset value, end of period $10.56 $8.50 $9.61 
Total ReturnC 25.80% (8.41)% (.93)% 
Ratios to Average Net AssetsD    
Expenses before reductions .33%E .33% .34%E,F 
Expenses net of fee waivers, if any .33%E .33% .34%E,F 
Expenses net of all reductions .33%E .33% .34%E,F 
Net investment income (loss) .39%E 1.97% .54%E 
Supplemental Data    
Net assets, end of period (000 omitted) $832,892 $572,455 $22,910 
Portfolio turnover rateG 28%E 31% 16%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.48 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .02 
Net realized and unrealized gain (loss) 2.16 (.94) (.15) 
Total from investment operations 2.17 (.76) (.13) 
Distributions from net investment income – (.19) (.14) 
Distributions from net realized gain (.12) (.19) (.12) 
Total distributions (.12) (.37)C (.26) 
Net asset value, end of period $10.53 $8.48 $9.61 
Total ReturnD 25.75% (8.60)% (1.01)% 
Ratios to Average Net AssetsE    
Expenses before reductions .53%F .54%G .53%F 
Expenses net of fee waivers, if any .53%F .54%G .53%F 
Expenses net of all reductions .53%F .54%G .53%F 
Net investment income (loss) .19%F 1.76% .34%F 
Supplemental Data    
Net assets, end of period (000 omitted) $12,329 $5,807 $108 
Portfolio turnover rateH 28%F 31% 16%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.49 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .02 
Net realized and unrealized gain (loss) 2.16 (.94) (.15) 
Total from investment operations 2.17 (.75) (.13) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.11) (.19) (.12) 
Total distributions (.11) (.37) (.26)C 
Net asset value, end of period $10.55 $8.49 $9.61 
Total ReturnD 25.79% (8.52)% (.97)% 
Ratios to Average Net AssetsE    
Expenses before reductions .43%F .43% .43%F 
Expenses net of fee waivers, if any .43%F .43% .43%F 
Expenses net of all reductions .43%F .43% .43%F 
Net investment income (loss) .29%F 1.87% .44%F 
Supplemental Data    
Net assets, end of period (000 omitted) $287 $228 $103 
Portfolio turnover rateG 28%F 31% 16%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.50 $9.62 $10.00 
Income from Investment Operations    
Net investment income (loss)B .02 .18 .03 
Net realized and unrealized gain (loss) 2.16 (.93) (.14) 
Total from investment operations 2.18 (.75) (.11) 
Distributions from net investment income – (.19) (.15) 
Distributions from net realized gain (.12) (.19) (.12) 
Total distributions (.12) (.37)C (.27) 
Net asset value, end of period $10.56 $8.50 $9.62 
Total ReturnD 25.85% (8.48)% (.83)% 
Ratios to Average Net AssetsE    
Expenses before reductions .33%F .34%G .33%F 
Expenses net of fee waivers, if any .33%F .34%G .33%F 
Expenses net of all reductions .33%F .34%G .33%F 
Net investment income (loss) .39%F 1.96% .54%F 
Supplemental Data    
Net assets, end of period (000 omitted) $3,201 $2,148 $99 
Portfolio turnover rateH 28%F 31% 16%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2040 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 5,287,052 $87,289,231 
Fidelity Series Commodity Strategy Fund (a) 4,784,512 19,903,570 
Fidelity Series Large Cap Growth Index Fund (a) 3,924,284 55,881,804 
Fidelity Series Large Cap Stock Fund (a) 4,251,483 60,201,001 
Fidelity Series Large Cap Value Index Fund (a) 9,816,144 113,867,268 
Fidelity Series Small Cap Opportunities Fund (a) 2,245,319 28,650,270 
Fidelity Series Value Discovery Fund (a) 3,344,388 41,336,641 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $392,236,096)  407,129,785 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 1,814,687 18,564,244 
Fidelity Series Emerging Markets Fund (a) 1,300,323 12,262,049 
Fidelity Series Emerging Markets Opportunities Fund (a) 5,251,439 110,175,200 
Fidelity Series International Growth Fund (a) 2,568,010 48,227,226 
Fidelity Series International Index Fund (a) 2,003,234 19,912,145 
Fidelity Series International Small Cap Fund (a) 954,589 16,991,692 
Fidelity Series International Value Fund (a) 5,553,041 47,867,209 
Fidelity Series Overseas Fund (a) 4,307,419 48,156,949 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $297,155,409)  322,156,714 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 8,173 91,944 
Fidelity Series Emerging Markets Debt Fund (a) 532,676 4,826,048 
Fidelity Series Floating Rate High Income Fund (a) 119,268 1,055,525 
Fidelity Series Government Bond Index Fund (a) 9,770 109,907 
Fidelity Series High Income Fund (a) 591,948 5,398,570 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,495,482 16,001,658 
Fidelity Series Investment Grade Bond Fund (a) 10,005 122,458 
Fidelity Series Investment Grade Securitized Fund (a) 7,812 83,350 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,765,600 18,238,647 
Fidelity Series Real Estate Income Fund (a) 321,146 3,205,041 
TOTAL BOND FUNDS   
(Cost $46,959,559)  49,133,148 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 1,168,073 1,168,073 
Fidelity Series Short-Term Credit Fund (a) 135,281 1,386,630 
Fidelity Series Treasury Bill Index Fund (a) 842,161 8,430,036 
TOTAL SHORT-TERM FUNDS   
(Cost $10,953,039)  10,984,739 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $747,304,103)  789,404,386 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (12,141) 
NET ASSETS - 100%  $789,392,245 

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 Blue Chip Growth Fund $53,295,544 $31,900,981 $15,260,259 $17,284,371 $2,055,103 $15,297,862 $87,289,231 
Fidelity Series Canada Fund 12,765,429 3,898,108 1,276,601 -- (138,098) 3,315,406 18,564,244 
Fidelity Series Commodity Strategy Fund 18,602,659 3,537,611 4,557,691 84,268 (763,586) 3,084,577 19,903,570 
Fidelity Series Corporate Bond Fund 164,811 33,659 112,602 1,158 (9,514) 15,590 91,944 
Fidelity Series Emerging Markets Debt Fund 3,735,342 698,010 100,321 119,616 1,387 491,630 4,826,048 
Fidelity Series Emerging Markets Fund 6,612,327 3,370,343 399,791 -- 3,655 2,675,515 12,262,049 
Fidelity Series Emerging Markets Opportunities Fund 60,871,006 27,251,248 3,022,969 -- 36,645 25,039,270 110,175,200 
Fidelity Series Floating Rate High Income Fund 829,033 161,974 24,271 22,039 261 88,528 1,055,525 
Fidelity Series Government Bond Index Fund 251,199 28,492 169,887 725 (152) 255 109,907 
Fidelity Series Government Money Market Fund 0.16% 5,078,540 6,091,393 10,001,860 3,686 -- -- 1,168,073 
Fidelity Series High Income Fund 4,206,121 837,991 121,356 138,319 1,353 474,461 5,398,570 
Fidelity Series Inflation-Protected Bond Index Fund 12,505,366 4,543,033 1,860,045 10,954 (9,157) 822,461 16,001,658 
Fidelity Series International Growth Fund 37,076,431 7,825,707 7,873,118 -- 272,298 10,925,908 48,227,226 
Fidelity Series International Index Fund 14,568,713 3,245,966 1,169,105 -- (49,998) 3,316,569 19,912,145 
Fidelity Series International Small Cap Fund 11,048,153 2,438,139 412,019 -- 42,067 3,875,352 16,991,692 
Fidelity Series International Value Fund 35,647,691 8,726,206 4,359,849 -- (146,081) 7,999,242 47,867,209 
Fidelity Series Investment Grade Bond Fund 248,523 37,618 168,983 1,356 (6,458) 11,758 122,458 
Fidelity Series Investment Grade Securitized Fund 172,200 28,253 117,768 442 663 83,350 
Fidelity Series Large Cap Growth Index Fund 39,786,276 9,153,022 10,541,626 958,928 1,219,380 16,264,752 55,881,804 
Fidelity Series Large Cap Stock Fund 41,404,147 13,987,390 2,916,861 2,051,386 (90,129) 7,816,454 60,201,001 
Fidelity Series Large Cap Value Index Fund 76,703,329 23,928,214 3,446,040 -- (95,543) 16,777,308 113,867,268 
Fidelity Series Long-Term Treasury Bond Index Fund 14,013,171 7,170,999 2,504,395 384,341 175,169 (616,297) 18,238,647 
Fidelity Series Overseas Fund 35,484,619 9,317,656 7,477,149 -- (369,994) 11,201,817 48,156,949 
Fidelity Series Real Estate Income Fund 2,292,455 537,551 76,068 99,072 765 450,338 3,205,041 
Fidelity Series Short-Term Credit Fund 1,321,969 15,081 -- 15,082 -- 49,580 1,386,630 
Fidelity Series Small Cap Opportunities Fund 20,518,813 4,978,399 2,108,233 171,122 (347,812) 5,609,103 28,650,270 
Fidelity Series Treasury Bill Index Fund 14,573,808 154,775 6,250,519 55,824 (17,819) (30,209) 8,430,036 
Fidelity Series Value Discovery Fund 24,063,777 11,726,729 783,818 -- 16,871 6,313,082 41,336,641 
 547,841,452 185,624,548 87,113,204 21,402,689 1,780,615 141,270,975 789,404,386 

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 September 30, 2020, 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:     
Domestic Equity Funds $407,129,785 $407,129,785 $-- $-- 
International Equity Funds 322,156,714 322,156,714 -- -- 
Bond Funds 49,133,148 49,133,148 -- -- 
Short-Term Funds 10,984,739 10,984,739 -- -- 
Total Investments in Securities: $789,404,386 $789,404,386 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $747,304,103) $789,404,386  
Total Investment in Securities (cost $747,304,103)  $789,404,386 
Cash  255 
Receivable for investments sold  5,072,892 
Receivable for fund shares sold  910,765 
Total assets  795,388,298 
Liabilities   
Payable for investments purchased $5,331,822  
Payable for fund shares redeemed 431,621  
Accrued management fee 231,210  
Distribution and service plan fees payable 1,400  
Total liabilities  5,996,053 
Net Assets  $789,392,245 
Net Assets consist of:   
Paid in capital  $728,691,458 
Total accumulated earnings (loss)  60,700,787 
Net Assets  $789,392,245 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,604,835 ÷ 153,566 shares)(a)  $10.45 
Maximum offering price per share (100/94.25 of $10.45)  $11.09 
Class M:   
Net Asset Value and redemption price per share ($578,196 ÷ 55,347 shares)(a)  $10.45 
Maximum offering price per share (100/96.50 of $10.45)  $10.83 
Class C:   
Net Asset Value and offering price per share ($1,003,235 ÷ 96,670 shares)(a)  $10.38 
Fidelity Freedom Blend 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($22,185,102 ÷ 2,116,819 shares)  $10.48 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,830,856 ÷ 1,317,590 shares)  $10.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($739,277,657 ÷ 70,277,856 shares)  $10.52 
Class I:   
Net Asset Value, offering price and redemption price per share ($9,102,262 ÷ 868,389 shares)  $10.48 
Class Z:   
Net Asset Value, offering price and redemption price per share ($113,581 ÷ 10,798 shares)  $10.52 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,696,521 ÷ 161,201 shares)  $10.52 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,117,199 
Expenses   
Management fee $1,242,297  
Distribution and service plan fees 6,256  
Independent trustees' fees and expenses 917  
Total expenses  1,249,470 
Net investment income (loss)  867,729 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,780,615  
Capital gain distributions from underlying funds:   
Affiliated issuers 19,285,490  
Total net realized gain (loss)  21,066,105 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 141,270,975  
Total change in net unrealized appreciation (depreciation)  141,270,975 
Net gain (loss)  162,337,080 
Net increase (decrease) in net assets resulting from operations  $163,204,809 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $867,729 $10,143,182 
Net realized gain (loss) 21,066,105 14,434,632 
Change in net unrealized appreciation (depreciation) 141,270,975 (100,419,627) 
Net increase (decrease) in net assets resulting from operations 163,204,809 (75,841,813) 
Distributions to shareholders (7,700,929) (20,176,064) 
Share transactions - net increase (decrease) 86,054,573 627,158,598 
Total increase (decrease) in net assets 241,558,453 531,140,721 
Net Assets   
Beginning of period 547,833,792 16,693,071 
End of period $789,392,245 $547,833,792 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2040 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.27 $9.55 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .15 C 
Net realized and unrealized gain (loss) 2.30 (1.09) (.17) 
Total from investment operations 2.29 (.94) (.17) 
Distributions from net investment income – (.17) (.14) 
Distributions from net realized gain (.11) (.17) (.14) 
Total distributions (.11) (.34) (.28) 
Net asset value, end of period $10.45 $8.27 $9.55 
Total ReturnD,E 27.86% (10.57)% (1.39)% 
Ratios to Average Net AssetsF    
Expenses before reductions .79%G .79% .80%G,H 
Expenses net of fee waivers, if any .79%G .79% .80%G,H 
Expenses net of all reductions .79%G .79% .80%G,H 
Net investment income (loss) (.19)%G 1.48% .01%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,605 $695 $255 
Portfolio turnover rateI 25%G 27% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.28 $9.55 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .12 (.01) 
Net realized and unrealized gain (loss) 2.29 (1.08) (.18) 
Total from investment operations 2.27 (.96) (.19) 
Distributions from net investment income – (.14) (.12) 
Distributions from net realized gain (.10) (.17) (.14) 
Total distributions (.10) (.31) (.26) 
Net asset value, end of period $10.45 $8.28 $9.55 
Total ReturnC,D 27.66% (10.74)% (1.59)% 
Ratios to Average Net AssetsE    
Expenses before reductions 1.04%F 1.04% 1.04%F 
Expenses net of fee waivers, if any 1.04%F 1.04% 1.04%F 
Expenses net of all reductions 1.04%F 1.04% 1.04%F 
Net investment income (loss) (.44)%F 1.23% (.23)%F 
Supplemental Data    
Net assets, end of period (000 omitted) $578 $318 $131 
Portfolio turnover rateG 25%F 27% 17%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.25 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.05) .07 (.04) 
Net realized and unrealized gain (loss) 2.28 (1.07) (.18) 
Total from investment operations 2.23 (1.00) (.22) 
Distributions from net investment income – (.12) (.11) 
Distributions from net realized gain (.10) (.17) (.14) 
Total distributions (.10) (.29) (.24)C 
Net asset value, end of period $10.38 $8.25 $9.54 
Total ReturnD,E 27.28% (11.10)% (1.88)% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.55%G,H 1.54% 1.55%G,H 
Expenses net of fee waivers, if any 1.55%G,H 1.54% 1.55%G,H 
Expenses net of all reductions 1.55%G,H 1.54% 1.55%G,H 
Net investment income (loss) (.95)%G .73% (.74)%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,003 $357 $208 
Portfolio turnover rateI 25%G 27% 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 Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.29 $9.55 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .16 .01 
Net realized and unrealized gain (loss) 2.30 (1.06) (.18) 
Total from investment operations 2.30 (.90) (.17) 
Distributions from net investment income – (.18) (.14) 
Distributions from net realized gain (.11) (.17) (.14) 
Total distributions (.11) (.36)D (.28) 
Net asset value, end of period $10.48 $8.29 $9.55 
Total ReturnE 27.99% (10.24)% (1.35)% 
Ratios to Average Net AssetsF    
Expenses before reductions .54%G .55%H .54%G 
Expenses net of fee waivers, if any .54%G .55%H .54%G 
Expenses net of all reductions .54%G .55%H .54%G 
Net investment income (loss) .06%G 1.72% .27%G 
Supplemental Data    
Net assets, end of period (000 omitted) $22,185 $15,147 $590 
Portfolio turnover rateI 25%G 27% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .02 
Net realized and unrealized gain (loss) 2.30 (1.08) (.17) 
Total from investment operations 2.31 (.90) (.15) 
Distributions from net investment income – (.19) (.14) 
Distributions from net realized gain (.11) (.17) (.14) 
Total distributions (.11) (.37)C (.28) 
Net asset value, end of period $10.50 $8.30 $9.57 
Total ReturnD 28.06% (10.22)% (1.19)% 
Ratios to Average Net AssetsE    
Expenses before reductions .44%F .44% .44%F 
Expenses net of fee waivers, if any .44%F .44% .44%F 
Expenses net of all reductions .44%F .44% .44%F 
Net investment income (loss) .16%F 1.83% .37%F 
Supplemental Data    
Net assets, end of period (000 omitted) $13,831 $15,212 $99 
Portfolio turnover rateG 25%F 27% 17%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .02 
Net realized and unrealized gain (loss) 2.30 (1.08) (.17) 
Total from investment operations 2.31 (.89) (.15) 
Distributions from net investment income – (.18) (.14) 
Distributions from net realized gain (.11) (.18) (.14) 
Total distributions (.11) (.36) (.28) 
Net asset value, end of period $10.52 $8.32 $9.57 
Total ReturnC 28.04% (10.07)% (1.14)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .34% .35%E,F 
Expenses net of fee waivers, if any .34%E .34% .35%E,F 
Expenses net of all reductions .34%E .34% .35%E,F 
Net investment income (loss) .26%E 1.93% .46%E 
Supplemental Data    
Net assets, end of period (000 omitted) $739,278 $510,439 $14,956 
Portfolio turnover rateG 25%E 27% 17%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.56 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .17 .01 
Net realized and unrealized gain (loss) 2.29 (1.07) (.18) 
Total from investment operations 2.29 (.90) (.17) 
Distributions from net investment income C (.19) (.14) 
Distributions from net realized gain (.11) (.17) (.14) 
Total distributions (.11) (.36) (.27)D 
Net asset value, end of period $10.48 $8.30 $9.56 
Total ReturnE 27.85% (10.17)% (1.33)% 
Ratios to Average Net AssetsF    
Expenses before reductions .54%G .55%H .54%G 
Expenses net of fee waivers, if any .54%G .55%H .54%G 
Expenses net of all reductions .54%G .55%H .54%G 
Net investment income (loss) .06%G 1.73% .27%G 
Supplemental Data    
Net assets, end of period (000 omitted) $9,102 $4,049 $100 
Portfolio turnover rateI 25%G 27% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .02 
Net realized and unrealized gain (loss) 2.30 (1.08) (.17) 
Total from investment operations 2.31 (.90) (.15) 
Distributions from net investment income – (.17) (.14) 
Distributions from net realized gain (.11) (.17) (.14) 
Total distributions (.11) (.35)C (.28) 
Net asset value, end of period $10.52 $8.32 $9.57 
Total ReturnD 27.98% (10.17)% (1.19)% 
Ratios to Average Net AssetsE    
Expenses before reductions .44%F .44% .44%F 
Expenses net of fee waivers, if any .44%F .44% .44%F 
Expenses net of all reductions .44%F .44% .44%F 
Net investment income (loss) .16%F 1.83% .37%F 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $89 $99 
Portfolio turnover rateG 25%F 27% 17%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .03 
Net realized and unrealized gain (loss) 2.31 (1.08) (.18) 
Total from investment operations 2.32 (.90) (.15) 
Distributions from net investment income – (.18) (.14) 
Distributions from net realized gain (.12) (.17) (.14) 
Total distributions (.12) (.35) (.28) 
Net asset value, end of period $10.52 $8.32 $9.57 
Total ReturnC 28.08% (10.14)% (1.14)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .35%F .34%E 
Expenses net of fee waivers, if any .34%E .35%F .34%E 
Expenses net of all reductions .34%E .35%F .34%E 
Net investment income (loss) .26%E 1.92% .47%E 
Supplemental Data    
Net assets, end of period (000 omitted) $1,697 $1,528 $256 
Portfolio turnover rateG 25%E 27% 17%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2045 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 4,517,493 $74,583,808 
Fidelity Series Commodity Strategy Fund (a) 4,088,093 17,006,467 
Fidelity Series Large Cap Growth Index Fund (a) 3,353,084 47,747,912 
Fidelity Series Large Cap Stock Fund (a) 3,632,654 51,438,380 
Fidelity Series Large Cap Value Index Fund (a) 8,387,343 97,293,173 
Fidelity Series Small Cap Opportunities Fund (a) 1,918,502 24,480,084 
Fidelity Series Value Discovery Fund (a) 2,857,589 35,319,805 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $335,084,726)  347,869,629 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 1,550,575 15,862,378 
Fidelity Series Emerging Markets Fund (a) 1,111,049 10,477,189 
Fidelity Series Emerging Markets Opportunities Fund (a) 4,487,044 94,138,183 
Fidelity Series International Growth Fund (a) 2,194,240 41,207,827 
Fidelity Series International Index Fund (a) 1,711,683 17,014,128 
Fidelity Series International Small Cap Fund (a) 815,573 14,517,192 
Fidelity Series International Value Fund (a) 4,744,813 40,900,290 
Fidelity Series Overseas Fund (a) 3,680,483 41,147,798 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $253,585,537)  275,264,985 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 6,979 78,518 
Fidelity Series Emerging Markets Debt Fund (a) 455,101 4,123,214 
Fidelity Series Floating Rate High Income Fund (a) 101,905 901,857 
Fidelity Series Government Bond Index Fund (a) 8,339 93,812 
Fidelity Series High Income Fund (a) 505,726 4,612,218 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,277,802 13,672,484 
Fidelity Series Investment Grade Bond Fund (a) 8,557 104,737 
Fidelity Series Investment Grade Securitized Fund (a) 6,673 71,203 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,508,606 15,583,896 
Fidelity Series Real Estate Income Fund (a) 274,527 2,739,783 
TOTAL BOND FUNDS   
(Cost $40,127,608)  41,981,722 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (b) 246 246 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 1,045,956 1,045,956 
Fidelity Series Short-Term Credit Fund (a) 113,544 1,163,826 
Fidelity Series Treasury Bill Index Fund (a) 716,883 7,175,997 
TOTAL SHORT-TERM FUNDS   
(Cost $9,359,310)  9,386,025 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $638,157,181)  674,502,361 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (10,886) 
NET ASSETS - 100%  $674,491,475 

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 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 $5 
Total $5 

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 $45,398,547 $27,416,106 $13,013,797 $14,750,405 $1,824,121 $12,958,831 $74,583,808 
Fidelity Series Canada Fund 10,877,362 3,337,810 1,072,321 -- (127,550) 2,847,077 15,862,378 
Fidelity Series Commodity Strategy Fund 15,847,876 3,016,514 3,830,584 71,909 (649,913) 2,622,574 17,006,467 
Fidelity Series Corporate Bond Fund 139,934 28,723 95,322 986 (8,057) 13,240 78,518 
Fidelity Series Emerging Markets Debt Fund 3,182,890 599,825 80,661 101,851 905 420,255 4,123,214 
Fidelity Series Emerging Markets Fund 5,633,587 2,887,964 330,312 -- 5,422 2,280,528 10,477,189 
Fidelity Series Emerging Markets Opportunities Fund 51,858,394 23,367,510 2,495,535 -- 66,217 21,341,597 94,138,183 
Fidelity Series Floating Rate High Income Fund 706,212 139,235 19,515 18,758 214 75,711 901,857 
Fidelity Series Government Bond Index Fund 213,162 24,335 143,757 617 (128) 200 93,812 
Fidelity Series Government Money Market Fund 0.16% 4,354,063 5,070,999 8,379,106 3,179 -- -- 1,045,956 
Fidelity Series High Income Fund 3,582,891 720,105 97,574 117,718 1,231 405,565 4,612,218 
Fidelity Series Inflation-Protected Bond Index Fund 10,644,373 3,884,713 1,547,877 9,329 (6,809) 698,084 13,672,484 
Fidelity Series International Growth Fund 31,568,620 6,670,586 6,595,265 -- 179,045 9,384,841 41,207,827 
Fidelity Series International Index Fund 12,407,656 2,805,057 995,584 -- (41,486) 2,838,485 17,014,128 
Fidelity Series International Small Cap Fund 9,400,796 2,102,885 331,033 -- 34,078 3,310,466 14,517,192 
Fidelity Series International Value Fund 30,343,617 7,508,537 3,688,724 -- (200,750) 6,937,610 40,900,290 
Fidelity Series Investment Grade Bond Fund 211,130 32,189 143,096 1,156 (5,469) 9,983 104,737 
Fidelity Series Investment Grade Securitized Fund 146,201 24,132 99,694 377 561 71,203 
Fidelity Series Large Cap Growth Index Fund 33,894,819 7,936,386 8,987,360 824,360 1,044,481 13,859,586 47,747,912 
Fidelity Series Large Cap Stock Fund 35,267,491 11,937,657 2,409,360 1,739,650 (57,148) 6,699,740 51,438,380 
Fidelity Series Large Cap Value Index Fund 65,339,354 20,407,001 2,765,278 -- (74,198) 14,386,294 97,293,173 
Fidelity Series Long-Term Treasury Bond Index Fund 11,941,249 6,140,695 2,110,749 327,607 143,363 (530,662) 15,583,896 
Fidelity Series Overseas Fund 30,281,498 7,966,594 6,354,925 -- (333,798) 9,588,429 41,147,798 
Fidelity Series Real Estate Income Fund 1,952,890 462,163 61,173 84,640 779 385,124 2,739,783 
Fidelity Series Short-Term Credit Fund 1,109,555 12,658 -- 12,659 -- 41,613 1,163,826 
Fidelity Series Small Cap Opportunities Fund 17,479,666 4,405,762 1,910,088 146,022 (320,725) 4,825,469 24,480,084 
Fidelity Series Treasury Bill Index Fund 12,403,593 151,588 5,338,218 47,576 (15,268) (25,698) 7,175,997 
Fidelity Series Value Discovery Fund 20,499,714 10,037,631 631,279 -- 17,763 5,395,976 35,319,805 
 466,687,140 159,095,360 73,528,187 18,258,799 1,476,323 120,771,479 674,502,115 

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 September 30, 2020, 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:     
Domestic Equity Funds $347,869,629 $347,869,629 $-- $-- 
International Equity Funds 275,264,985 275,264,985 -- -- 
Bond Funds 41,981,722 41,981,722 -- -- 
Short-Term Funds 9,386,025 9,386,025 -- -- 
Total Investments in Securities: $674,502,361 $674,502,361 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $246) $246  
Other affiliated issuers (cost $638,156,935) 674,502,115  
Total Investment in Securities (cost $638,157,181)  $674,502,361 
Cash  
Receivable for investments sold  4,229,347 
Receivable for fund shares sold  938,132 
Total assets  679,669,845 
Liabilities   
Payable for investments purchased $4,702,527  
Payable for fund shares redeemed 277,211  
Accrued management fee 197,126  
Distribution and service plan fees payable 1,506  
Total liabilities  5,178,370 
Net Assets  $674,491,475 
Net Assets consist of:   
Paid in capital  $622,418,088 
Total accumulated earnings (loss)  52,073,387 
Net Assets  $674,491,475 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,342,991 ÷ 128,332 shares)(a)  $10.46 
Maximum offering price per share (100/94.25 of $10.46)  $11.10 
Class M:   
Net Asset Value and redemption price per share ($1,405,098 ÷ 134,628 shares)(a)  $10.44 
Maximum offering price per share (100/96.50 of $10.44)  $10.82 
Class C:   
Net Asset Value and offering price per share ($774,384 ÷ 74,502 shares)(a)  $10.39 
Fidelity Freedom Blend 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($16,967,254 ÷ 1,617,834 shares)  $10.49 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,621,542 ÷ 1,202,260 shares)  $10.50 
Class K6:   
Net Asset Value, offering price and redemption price per share ($631,929,572 ÷ 60,052,942 shares)  $10.52 
Class I:   
Net Asset Value, offering price and redemption price per share ($7,948,897 ÷ 758,331 shares)  $10.48 
Class Z:   
Net Asset Value, offering price and redemption price per share ($122,208 ÷ 11,617 shares)  $10.52 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,379,529 ÷ 131,156 shares)  $10.52 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,802,604 
Income from Fidelity Central Funds  
Total income  1,802,609 
Expenses   
Management fee $1,056,778  
Distribution and service plan fees 7,199  
Independent trustees' fees and expenses 780  
Total expenses before reductions 1,064,757  
Expense reductions (1)  
Total expenses after reductions  1,064,756 
Net investment income (loss)  737,853 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,476,323  
Capital gain distributions from underlying funds:   
Affiliated issuers 16,456,195  
Total net realized gain (loss)  17,932,518 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 120,771,479  
Total change in net unrealized appreciation (depreciation)  120,771,479 
Net gain (loss)  138,703,997 
Net increase (decrease) in net assets resulting from operations  $139,441,850 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $737,853 $8,616,466 
Net realized gain (loss) 17,932,518 12,039,211 
Change in net unrealized appreciation (depreciation) 120,771,479 (84,989,975) 
Net increase (decrease) in net assets resulting from operations 139,441,850 (64,334,298) 
Distributions to shareholders (6,568,655) (17,037,978) 
Share transactions - net increase (decrease) 74,938,016 538,033,978 
Total increase (decrease) in net assets 207,811,211 456,661,702 
Net Assets   
Beginning of period 466,680,264 10,018,562 
End of period $674,491,475 $466,680,264 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2045 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.29 $9.55 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .15 .03 
Net realized and unrealized gain (loss) 2.29 (1.07) (.22) 
Total from investment operations 2.28 (.92) (.19) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.34) (.26) 
Net asset value, end of period $10.46 $8.29 $9.55 
Total ReturnC,D 27.64% (10.38)% (1.56)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .79%G .79% .79%G 
Expenses net of fee waivers, if any .79%G .79% .79%G 
Expenses net of all reductions .79%G .79% .79%G 
Net investment income (loss) (.19)%G 1.49% .64%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,343 $835 $253 
Portfolio turnover rateH 25%G 27% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.27 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .12 .02 
Net realized and unrealized gain (loss) 2.29 (1.08) (.22) 
Total from investment operations 2.27 (.96) (.20) 
Distributions from net investment income – (.14) (.15) 
Distributions from net realized gain (.10) (.17) (.11) 
Total distributions (.10) (.31) (.26) 
Net asset value, end of period $10.44 $8.27 $9.54 
Total ReturnC,D,E 27.70% (10.71)% (1.68)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions 1.04%H 1.05%I 1.04%H 
Expenses net of fee waivers, if any 1.04%H 1.05%I 1.04%H 
Expenses net of all reductions 1.04%H 1.05%I 1.04%H 
Net investment income (loss) (.44)%H 1.23% .39%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,405 $1,120 $160 
Portfolio turnover rateJ 25%H 27% 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 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.26 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.05) .07 (.01) 
Net realized and unrealized gain (loss) 2.28 (1.08) (.21)C 
Total from investment operations 2.23 (1.01) (.22) 
Distributions from net investment income – (.10) (.13) 
Distributions from net realized gain (.10) (.17) (.11) 
Total distributions (.10) (.27) (.24) 
Net asset value, end of period $10.39 $8.26 $9.54 
Total ReturnD,E 27.20% (11.14)% (1.91)% 
Ratios to Average Net AssetsF,G    
Expenses before reductions 1.55%H,I 1.54% 1.55%H,I 
Expenses net of fee waivers, if any 1.55%H,I 1.54% 1.55%H,I 
Expenses net of all reductions 1.55%H,I 1.54% 1.55%H,I 
Net investment income (loss) (.95)%H .74% (.12)%H 
Supplemental Data    
Net assets, end of period (000 omitted) $774 $261 $157 
Portfolio turnover rateJ 25%H 27% 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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.56 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .16 .05 
Net realized and unrealized gain (loss) 2.30 (1.07) (.22) 
Total from investment operations 2.30 (.91) (.17) 
Distributions from net investment income C (.18) (.16) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.35) (.27) 
Net asset value, end of period $10.49 $8.30 $9.56 
Total ReturnD 27.97% (10.29)% (1.31)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .54%G .56%H .55%G,H 
Expenses net of fee waivers, if any .54%G .56%H .55%G,H 
Expenses net of all reductions .54%G .56%H .55%G,H 
Net investment income (loss) .06%G 1.72% .88%G 
Supplemental Data    
Net assets, end of period (000 omitted) $16,967 $10,682 $748 
Portfolio turnover rateI 25%G 27% 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 Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.56 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .05 
Net realized and unrealized gain (loss) 2.30 (1.07) (.22) 
Total from investment operations 2.31 (.89) (.17) 
Distributions from net investment income – (.19) (.16) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.37)C (.27) 
Net asset value, end of period $10.50 $8.30 $9.56 
Total ReturnD 28.06% (10.14)% (1.35)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .44%G .44% .44%G 
Expenses net of fee waivers, if any .44%G .44% .44%G 
Expenses net of all reductions .44%G .44% .44%G 
Net investment income (loss) .16%G 1.84% .99%G 
Supplemental Data    
Net assets, end of period (000 omitted) $12,622 $13,473 $99 
Portfolio turnover rateH 25%G 27% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .06 
Net realized and unrealized gain (loss) 2.30 (1.08) (.22) 
Total from investment operations 2.31 (.89) (.16) 
Distributions from net investment income – (.18) (.16) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.36)C (.27) 
Net asset value, end of period $10.52 $8.32 $9.57 
Total ReturnD 28.03% (10.10)% (1.21)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .34%G .34% .35%G,H 
Expenses net of fee waivers, if any .34%G .34% .35%G,H 
Expenses net of all reductions .34%G .34% .35%G,H 
Net investment income (loss) .26%G 1.94% 1.08%G 
Supplemental Data    
Net assets, end of period (000 omitted) $631,930 $435,714 $8,306 
Portfolio turnover rateI 25%G 27% 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 Total distributions per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.56 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .17 .05 
Net realized and unrealized gain (loss) 2.29 (1.07) (.22) 
Total from investment operations 2.29 (.90) (.17) 
Distributions from net investment income – (.19) (.16) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.36) (.27) 
Net asset value, end of period $10.48 $8.30 $9.56 
Total ReturnD 27.85% (10.18)% (1.38)% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .54%G .55%H .54%G 
Expenses net of fee waivers, if any .54%G .55%H .54%G 
Expenses net of all reductions .54%G .55%H .54%G 
Net investment income (loss) .06%G 1.74% .89%G 
Supplemental Data    
Net assets, end of period (000 omitted) $7,949 $3,395 $99 
Portfolio turnover rateI 25%G 27% 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 Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.56 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .05 
Net realized and unrealized gain (loss) 2.30 (1.08) (.22) 
Total from investment operations 2.31 (.90) (.17) 
Distributions from net investment income – (.17) (.16) 
Distributions from net realized gain (.11) (.17) (.11) 
Total distributions (.11) (.34) (.27) 
Net asset value, end of period $10.52 $8.32 $9.56 
Total ReturnC 27.99% (10.10)% (1.35)% 
Ratios to Average Net AssetsD,E    
Expenses before reductions .44%F .44% .44%F 
Expenses net of fee waivers, if any .44%F .44% .44%F 
Expenses net of all reductions .44%F .44% .44%F 
Net investment income (loss) .16%F 1.84% .99%F 
Supplemental Data    
Net assets, end of period (000 omitted) $122 $92 $99 
Portfolio turnover rateG 25%F 27% 19%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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.57 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .06 
Net realized and unrealized gain (loss) 2.31 (1.07) (.22) 
Total from investment operations 2.32 (.89) (.16) 
Distributions from net investment income – (.19) (.16) 
Distributions from net realized gain (.12) (.17) (.11) 
Total distributions (.12) (.36) (.27) 
Net asset value, end of period $10.52 $8.32 $9.57 
Total ReturnC 28.09% (10.10)% (1.21)% 
Ratios to Average Net AssetsD,E    
Expenses before reductions .34%F .35%G .34%F 
Expenses net of fee waivers, if any .34%F .35%G .34%F 
Expenses net of all reductions .34%F .35%G .34%F 
Net investment income (loss) .26%F 1.94% 1.09%F 
Supplemental Data    
Net assets, end of period (000 omitted) $1,380 $1,108 $99 
Portfolio turnover rateH 25%F 27% 19%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 Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2050 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,656,857 $60,374,711 
Fidelity Series Commodity Strategy Fund (a) 3,309,255 13,766,502 
Fidelity Series Large Cap Growth Index Fund (a) 2,714,283 38,651,396 
Fidelity Series Large Cap Stock Fund (a) 2,940,592 41,638,784 
Fidelity Series Large Cap Value Index Fund (a) 6,789,459 78,757,728 
Fidelity Series Small Cap Opportunities Fund (a) 1,553,008 19,816,386 
Fidelity Series Value Discovery Fund (a) 2,313,185 28,590,969 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $270,032,230)  281,596,476 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 1,255,200 12,840,698 
Fidelity Series Emerging Markets Fund (a) 899,377 8,481,128 
Fidelity Series Emerging Markets Opportunities Fund (a) 3,632,195 76,203,444 
Fidelity Series International Growth Fund (a) 1,776,230 33,357,600 
Fidelity Series International Index Fund (a) 1,385,619 13,773,056 
Fidelity Series International Small Cap Fund (a) 660,183 11,751,256 
Fidelity Series International Value Fund (a) 3,840,925 33,108,776 
Fidelity Series Overseas Fund (a) 2,979,341 33,309,032 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $204,812,147)  222,824,990 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 5,648 63,538 
Fidelity Series Emerging Markets Debt Fund (a) 366,770 3,322,935 
Fidelity Series Floating Rate High Income Fund (a) 82,727 732,130 
Fidelity Series Government Bond Index Fund (a) 6,746 75,890 
Fidelity Series High Income Fund (a) 409,592 3,735,476 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,034,462 11,068,741 
Fidelity Series Investment Grade Bond Fund (a) 6,931 84,840 
Fidelity Series Investment Grade Securitized Fund (a) 5,401 57,630 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,221,302 12,616,053 
Fidelity Series Real Estate Income Fund (a) 222,903 2,224,572 
TOTAL BOND FUNDS   
(Cost $32,510,744)  33,981,805 
Short-Term Funds - 1.4%   
Fidelity Cash Central Fund 0.10% (b) 49 49 
Fidelity Series Government Money Market Fund 0.16% (a)(c) 904,729 904,729 
Fidelity Series Short-Term Credit Fund (a) 97,020 994,456 
Fidelity Series Treasury Bill Index Fund (a) 569,385 5,699,543 
TOTAL SHORT-TERM FUNDS   
(Cost $7,578,932)  7,598,777 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $514,934,053)  546,002,048 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (8,413) 
NET ASSETS - 100%  $545,993,635 

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 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 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 $35,853,859 $22,958,539 $10,190,614 $11,925,585 $1,397,153 $10,355,774 $60,374,711 
Fidelity Series Canada Fund 8,592,715 2,870,999 805,098 -- (92,563) 2,274,645 12,840,698 
Fidelity Series Commodity Strategy Fund 12,516,653 2,691,629 3,032,184 58,140 (477,508) 2,067,912 13,766,502 
Fidelity Series Corporate Bond Fund 109,969 24,106 74,681 792 (6,305) 10,449 63,538 
Fidelity Series Emerging Markets Debt Fund 2,504,000 548,503 65,822 81,447 713 335,541 3,322,935 
Fidelity Series Emerging Markets Fund 4,450,181 2,457,518 262,981 -- 6,963 1,829,447 8,481,128 
Fidelity Series Emerging Markets Opportunities Fund 40,965,399 20,089,584 2,044,690 -- 82,303 17,110,848 76,203,444 
Fidelity Series Floating Rate High Income Fund 558,973 128,102 15,925 15,110 117 60,863 732,130 
Fidelity Series Government Bond Index Fund 167,351 20,973 112,482 495 (100) 148 75,890 
Fidelity Series Government Money Market Fund 0.16% 3,379,025 4,333,681 6,807,977 2,561 -- -- 904,729 
Fidelity Series High Income Fund 2,829,486 659,577 79,624 94,623 782 325,255 3,735,476 
Fidelity Series Inflation-Protected Bond Index Fund 8,398,507 3,301,085 1,185,023 7,438 (10,900) 565,072 11,068,741 
Fidelity Series International Growth Fund 24,938,580 5,792,745 5,049,269 -- 134,387 7,541,157 33,357,600 
Fidelity Series International Index Fund 9,816,743 2,445,557 736,741 -- (21,614) 2,269,111 13,773,056 
Fidelity Series International Small Cap Fund 7,433,165 1,889,452 256,548 -- 19,574 2,665,613 11,751,256 
Fidelity Series International Value Fund 23,967,588 6,555,301 2,820,415 -- (99,755) 5,506,057 33,108,776 
Fidelity Series Investment Grade Bond Fund 166,004 27,381 112,164 928 (4,277) 7,896 84,840 
Fidelity Series Investment Grade Securitized Fund 114,859 20,393 78,074 302 450 57,630 
Fidelity Series Large Cap Growth Index Fund 26,770,691 6,987,988 7,049,226 663,313 711,972 11,229,971 38,651,396 
Fidelity Series Large Cap Stock Fund 27,851,364 10,439,915 1,967,496 1,404,605 (27,193) 5,342,194 41,638,784 
Fidelity Series Large Cap Value Index Fund 51,603,703 17,980,280 2,297,686 -- (56,783) 11,528,214 78,757,728 
Fidelity Series Long-Term Treasury Bond Index Fund 9,437,840 5,155,604 1,665,906 261,097 65,191 (376,676) 12,616,053 
Fidelity Series Overseas Fund 23,880,282 6,939,464 4,934,475 -- (260,357) 7,684,118 33,309,032 
Fidelity Series Real Estate Income Fund 1,542,372 422,551 49,913 68,478 32 309,530 2,224,572 
Fidelity Series Short-Term Credit Fund 948,082 10,817 -- 10,816 -- 35,557 994,456 
Fidelity Series Small Cap Opportunities Fund 13,805,646 3,952,307 1,547,613 118,055 (251,643) 3,857,689 19,816,386 
Fidelity Series Treasury Bill Index Fund 9,784,765 149,966 4,202,805 37,666 (12,398) (19,985) 5,699,543 
Fidelity Series Value Discovery Fund 16,190,967 8,584,775 526,844 -- 16,588 4,325,483 28,590,969 
 368,578,769 137,438,792 57,972,276 14,751,451 1,114,381 96,842,333 546,001,999 

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 September 30, 2020, 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:     
Domestic Equity Funds $281,596,476 $281,596,476 $-- $-- 
International Equity Funds 222,824,990 222,824,990 -- -- 
Bond Funds 33,981,805 33,981,805 -- -- 
Short-Term Funds 7,598,777 7,598,777 -- -- 
Total Investments in Securities: $546,002,048 $546,002,048 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $514,934,004) 546,001,999  
Total Investment in Securities (cost $514,934,053)  $546,002,048 
Cash  186 
Receivable for investments sold  3,336,181 
Receivable for fund shares sold  1,104,620 
Total assets  550,443,035 
Liabilities   
Payable for investments purchased $4,002,103  
Payable for fund shares redeemed 286,612  
Accrued management fee 159,661  
Distribution and service plan fees payable 1,024  
Total liabilities  4,449,400 
Net Assets  $545,993,635 
Net Assets consist of:   
Paid in capital  $502,307,605 
Total accumulated earnings (loss)  43,686,030 
Net Assets  $545,993,635 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,282,430 ÷ 122,853 shares)(a)  $10.44 
Maximum offering price per share (100/94.25 of $10.44)  $11.08 
Class M:   
Net Asset Value and redemption price per share ($488,789 ÷ 46,973 shares)(a)  $10.41 
Maximum offering price per share (100/96.50 of $10.41)  $10.79 
Class C:   
Net Asset Value and offering price per share ($644,452 ÷ 62,334 shares)(a)  $10.34 
Fidelity Freedom Blend 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($16,132,510 ÷ 1,543,910 shares)  $10.45 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,288,993 ÷ 696,726 shares)  $10.46 
Class K6:   
Net Asset Value, offering price and redemption price per share ($511,739,552 ÷ 48,810,789 shares)  $10.48 
Class I:   
Net Asset Value, offering price and redemption price per share ($5,724,728 ÷ 547,859 shares)  $10.45 
Class Z:   
Net Asset Value, offering price and redemption price per share ($113,470 ÷ 10,823 shares)  $10.48 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($2,578,711 ÷ 245,996 shares)  $10.48 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,454,088 
Expenses   
Management fee $849,056  
Distribution and service plan fees 5,339  
Independent trustees' fees and expenses 621  
Total expenses before reductions 855,016  
Expense reductions (5)  
Total expenses after reductions  855,011 
Net investment income (loss)  599,077 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,114,381  
Capital gain distributions from underlying funds:   
Affiliated issuers 13,297,363  
Total net realized gain (loss)  14,411,744 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 96,842,333  
Total change in net unrealized appreciation (depreciation)  96,842,333 
Net gain (loss)  111,254,077 
Net increase (decrease) in net assets resulting from operations  $111,853,154 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $599,077 $6,431,323 
Net realized gain (loss) 14,411,744 8,604,244 
Change in net unrealized appreciation (depreciation) 96,842,333 (66,297,105) 
Net increase (decrease) in net assets resulting from operations 111,853,154 (51,261,538) 
Distributions to shareholders (4,931,027) (12,506,845) 
Share transactions - net increase (decrease) 70,485,091 423,536,446 
Total increase (decrease) in net assets 177,407,218 359,768,063 
Net Assets   
Beginning of period 368,586,417 8,818,354 
End of period $545,993,635 $368,586,417 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2050 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.26 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .15 .02 
Net realized and unrealized gain (loss) 2.29 (1.08) (.21) 
Total from investment operations 2.28 (.93) (.19) 
Distributions from net investment income – (.16) (.14) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.32) (.30) 
Net asset value, end of period $10.44 $8.26 $9.51 
Total ReturnC,D 27.77% (10.48)% (1.50)% 
Ratios to Average Net AssetsE    
Expenses before reductions .79%F .79% .79%F 
Expenses net of fee waivers, if any .79%F .79% .79%F 
Expenses net of all reductions .79%F .79% .79%F 
Net investment income (loss) (.19)%F 1.51% .31%F 
Supplemental Data    
Net assets, end of period (000 omitted) $1,282 $644 $239 
Portfolio turnover rateG 24%F 26% 12%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.24 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .12 C 
Net realized and unrealized gain (loss) 2.29 (1.08) (.20) 
Total from investment operations 2.27 (.96) (.20) 
Distributions from net investment income – (.14) (.13) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.31)D (.29) 
Net asset value, end of period $10.41 $8.24 $9.51 
Total ReturnE,F 27.70% (10.80)% (1.60)% 
Ratios to Average Net AssetsG    
Expenses before reductions 1.04%H 1.04% 1.04%H 
Expenses net of fee waivers, if any 1.04%H 1.04% 1.04%H 
Expenses net of all reductions 1.04%H 1.04% 1.04%H 
Net investment income (loss) (.44)%H 1.26% .07%H 
Supplemental Data    
Net assets, end of period (000 omitted) $489 $298 $99 
Portfolio turnover rateI 24%H 26% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.21 $9.50 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.05) .07 (.02) 
Net realized and unrealized gain (loss) 2.28 (1.08) (.20) 
Total from investment operations 2.23 (1.01) (.22) 
Distributions from net investment income – (.12) (.12) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.28) (.28) 
Net asset value, end of period $10.34 $8.21 $9.50 
Total ReturnC,D,E 27.31% (11.22)% (1.89)% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.54%G 1.54% 1.54%G 
Expenses net of fee waivers, if any 1.54%G 1.54% 1.54%G 
Expenses net of all reductions 1.54%G 1.54% 1.54%G 
Net investment income (loss) (.94)%G .76% (.43)%G 
Supplemental Data    
Net assets, end of period (000 omitted) $644 $449 $137 
Portfolio turnover rateH 24%G 26% 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 Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.26 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .16 .03 
Net realized and unrealized gain (loss) 2.30 (1.07) (.21) 
Total from investment operations 2.30 (.91) (.18) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.11) (.16) (.16) 
Total distributions (.11) (.34) (.31) 
Net asset value, end of period $10.45 $8.26 $9.51 
Total ReturnD 28.00% (10.29)% (1.39)% 
Ratios to Average Net AssetsE    
Expenses before reductions .54%F .56%G .54%F 
Expenses net of fee waivers, if any .54%F .56%G .54%F 
Expenses net of all reductions .54%F .56%G .54%F 
Net investment income (loss) .06%F 1.75% .57%F 
Supplemental Data    
Net assets, end of period (000 omitted) $16,133 $9,530 $466 
Portfolio turnover rateH 24%F 26% 12%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.27 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .04 
Net realized and unrealized gain (loss) 2.28 (1.09) (.21) 
Total from investment operations 2.29 (.90) (.17) 
Distributions from net investment income – (.19) (.15) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.35) (.31) 
Net asset value, end of period $10.46 $8.27 $9.52 
Total ReturnC 27.93% (10.17)% (1.28)% 
Ratios to Average Net AssetsD    
Expenses before reductions .44%E .44% .44%E 
Expenses net of fee waivers, if any .44%E .44% .44%E 
Expenses net of all reductions .44%E .44% .44%E 
Net investment income (loss) .16%E 1.86% .67%E 
Supplemental Data    
Net assets, end of period (000 omitted) $7,289 $8,346 $99 
Portfolio turnover rateF 24%E 26% 12%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.28 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .04 
Net realized and unrealized gain (loss) 2.30 (1.08) (.20) 
Total from investment operations 2.31 (.89) (.16) 
Distributions from net investment income – (.18) (.16) 
Distributions from net realized gain (.11) (.17) (.16) 
Total distributions (.11) (.35) (.32) 
Net asset value, end of period $10.48 $8.28 $9.52 
Total ReturnC 28.07% (10.13)% (1.25)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .34% .35%E,F 
Expenses net of fee waivers, if any .34%E .34% .35%E,F 
Expenses net of all reductions .34%E .34% .35%E,F 
Net investment income (loss) .26%E 1.96% .76%E 
Supplemental Data    
Net assets, end of period (000 omitted) $511,740 $344,082 $7,480 
Portfolio turnover rateG 24%E 26% 12%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.26 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .17 .03 
Net realized and unrealized gain (loss) 2.29 (1.08) (.20) 
Total from investment operations 2.29 (.91) (.17) 
Distributions from net investment income – (.19) (.15) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.35) (.31) 
Net asset value, end of period $10.45 $8.26 $9.52 
Total ReturnD 27.95% (10.32)% (1.32)% 
Ratios to Average Net AssetsE    
Expenses before reductions .54%F .54% .54%F 
Expenses net of fee waivers, if any .54%F .54% .54%F 
Expenses net of all reductions .54%F .54% .54%F 
Net investment income (loss) .06%F 1.76% .57%F 
Supplemental Data    
Net assets, end of period (000 omitted) $5,725 $3,181 $101 
Portfolio turnover rateG 24%F 26% 12%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.28 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .04 
Net realized and unrealized gain (loss) 2.29 (1.09) (.21) 
Total from investment operations 2.30 (.91) (.17) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.10) (.16) (.16) 
Total distributions (.10) (.33) (.31) 
Net asset value, end of period $10.48 $8.28 $9.52 
Total ReturnC 28.01% (10.24)% (1.28)% 
Ratios to Average Net AssetsD    
Expenses before reductions .44%E .44% .44%E 
Expenses net of fee waivers, if any .44%E .44% .44%E 
Expenses net of all reductions .44%E .44% .44%E 
Net investment income (loss) .16%E 1.86% .67%E 
Supplemental Data    
Net assets, end of period (000 omitted) $113 $89 $99 
Portfolio turnover rateF 24%E 26% 12%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.28 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .18 .04 
Net realized and unrealized gain (loss) 2.30 (1.08) (.20) 
Total from investment operations 2.31 (.90) (.16) 
Distributions from net investment income – (.18) (.16) 
Distributions from net realized gain (.11) (.16) (.16) 
Total distributions (.11) (.34) (.32) 
Net asset value, end of period $10.48 $8.28 $9.52 
Total ReturnC 28.11% (10.15)% (1.25)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .35%F .34%E 
Expenses net of fee waivers, if any .34%E .35%F .34%E 
Expenses net of all reductions .34%E .35%F .34%E 
Net investment income (loss) .26%E 1.95% .77%E 
Supplemental Data    
Net assets, end of period (000 omitted) $2,579 $1,968 $99 
Portfolio turnover rateG 24%E 26% 12%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2055 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 1,915,011 $31,616,835 
Fidelity Series Commodity Strategy Fund (a) 1,732,967 7,209,142 
Fidelity Series Large Cap Growth Index Fund (a) 1,421,410 20,240,876 
Fidelity Series Large Cap Stock Fund (a) 1,539,922 21,805,294 
Fidelity Series Large Cap Value Index Fund (a) 3,555,489 41,243,667 
Fidelity Series Small Cap Opportunities Fund (a) 813,280 10,377,453 
Fidelity Series Value Discovery Fund (a) 1,211,361 14,972,425 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $140,480,901)  147,465,692 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 657,343 6,724,619 
Fidelity Series Emerging Markets Fund (a) 470,977 4,441,317 
Fidelity Series Emerging Markets Opportunities Fund (a) 1,902,073 39,905,493 
Fidelity Series International Growth Fund (a) 930,189 17,468,943 
Fidelity Series International Index Fund (a) 725,646 7,212,921 
Fidelity Series International Small Cap Fund (a) 345,680 6,153,099 
Fidelity Series International Value Fund (a) 2,011,464 17,338,822 
Fidelity Series Overseas Fund (a) 1,560,246 17,443,547 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $106,890,573)  116,688,761 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 2,955 33,245 
Fidelity Series Emerging Markets Debt Fund (a) 190,112 1,722,410 
Fidelity Series Floating Rate High Income Fund (a) 43,684 386,603 
Fidelity Series Government Bond Index Fund (a) 3,527 39,675 
Fidelity Series High Income Fund (a) 214,940 1,960,250 
Fidelity Series Inflation-Protected Bond Index Fund (a) 541,739 5,796,610 
Fidelity Series Investment Grade Bond Fund (a) 3,636 44,507 
Fidelity Series Investment Grade Securitized Fund (a) 2,828 30,171 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 639,590 6,606,962 
Fidelity Series Real Estate Income Fund (a) 117,731 1,174,959 
TOTAL BOND FUNDS   
(Cost $17,094,119)  17,795,392 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 531,016 531,016 
Fidelity Series Short-Term Credit Fund (a) 55,458 568,445 
Fidelity Series Treasury Bill Index Fund (a) 287,712 2,879,996 
TOTAL SHORT-TERM FUNDS   
(Cost $3,971,115)  3,979,457 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $268,436,708)  285,929,302 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (4,314) 
NET ASSETS - 100%  $285,924,988 

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 Blue Chip Growth Fund $17,629,639 $13,421,819 $5,287,953 $6,217,447 $640,307 $5,213,023 $31,616,835 
Fidelity Series Canada Fund 4,240,298 1,757,828 383,838 -- (41,533) 1,151,864 6,724,619 
Fidelity Series Commodity Strategy Fund 6,154,116 1,718,548 1,484,603 30,313 (210,578) 1,031,659 7,209,142 
Fidelity Series Corporate Bond Fund 53,784 13,790 36,425 407 (3,077) 5,173 33,245 
Fidelity Series Emerging Markets Debt Fund 1,218,132 366,291 31,307 41,327 41 169,253 1,722,410 
Fidelity Series Emerging Markets Fund 2,188,485 1,446,382 131,767 -- 5,304 932,913 4,441,317 
Fidelity Series Emerging Markets Opportunities Fund 20,148,369 11,998,538 1,021,003 -- 62,728 8,716,861 39,905,493 
Fidelity Series Floating Rate High Income Fund 276,620 86,424 7,574 7,761 41 31,092 386,603 
Fidelity Series Government Bond Index Fund 81,727 12,672 54,740 254 (49) 65 39,675 
Fidelity Series Government Money Market Fund 0.16% 1,593,579 2,610,083 3,672,646 1,321 -- -- 531,016 
Fidelity Series High Income Fund 1,391,175 441,694 37,871 48,593 315 164,937 1,960,250 
Fidelity Series Inflation-Protected Bond Index Fund 4,124,271 1,945,403 556,117 3,797 (4,522) 287,575 5,796,610 
Fidelity Series International Growth Fund 12,262,644 3,711,173 2,418,517 -- 80,177 3,833,466 17,468,943 
Fidelity Series International Index Fund 4,826,634 1,595,232 352,947 -- (8,849) 1,152,851 7,212,921 
Fidelity Series International Small Cap Fund 3,637,021 1,262,604 113,240 -- 6,878 1,359,836 6,153,099 
Fidelity Series International Value Fund 11,761,177 4,192,813 1,359,721 -- (15,052) 2,759,605 17,338,822 
Fidelity Series Investment Grade Bond Fund 81,226 16,172 54,736 478 (2,086) 3,931 44,507 
Fidelity Series Investment Grade Securitized Fund 56,141 11,847 38,046 155 227 30,171 
Fidelity Series Large Cap Growth Index Fund 13,163,490 4,612,025 3,606,474 341,379 277,827 5,794,008 20,240,876 
Fidelity Series Large Cap Stock Fund 13,693,571 6,398,423 959,503 729,535 (9,996) 2,682,799 21,805,294 
Fidelity Series Large Cap Value Index Fund 25,373,711 11,193,096 1,111,281 -- (29,731) 5,817,872 41,243,667 
Fidelity Series Long-Term Treasury Bond Index Fund 4,648,520 2,950,876 835,293 130,944 (11,284) (145,857) 6,606,962 
Fidelity Series Overseas Fund 11,770,612 4,303,491 2,411,828 -- (142,940) 3,924,212 17,443,547 
Fidelity Series Real Estate Income Fund 758,851 282,112 23,745 35,757 (153) 157,894 1,174,959 
Fidelity Series Short-Term Credit Fund 541,937 6,183 -- 6,150 -- 20,325 568,445 
Fidelity Series Small Cap Opportunities Fund 6,788,869 2,537,232 768,595 61,545 (139,555) 1,959,502 10,377,453 
Fidelity Series Treasury Bill Index Fund 4,803,949 87,432 1,995,562 18,563 (6,213) (9,610) 2,879,996 
Fidelity Series Value Discovery Fund 7,961,607 5,066,308 251,427 -- 8,196 2,187,741 14,972,425 
 181,230,155 84,046,491 29,006,759 7,675,726 456,198 49,203,217 285,929,302 

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 September 30, 2020, 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:     
Domestic Equity Funds $147,465,692 $147,465,692 $-- $-- 
International Equity Funds 116,688,761 116,688,761 -- -- 
Bond Funds 17,795,392 17,795,392 -- -- 
Short-Term Funds 3,979,457 3,979,457 -- -- 
Total Investments in Securities: $285,929,302 $285,929,302 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $268,436,708) $285,929,302  
Total Investment in Securities (cost $268,436,708)  $285,929,302 
Cash  214 
Receivable for investments sold  1,607,151 
Receivable for fund shares sold  898,790 
Total assets  288,435,457 
Liabilities   
Payable for investments purchased $2,388,529  
Payable for fund shares redeemed 37,675  
Accrued management fee 83,708  
Distribution and service plan fees payable 557  
Total liabilities  2,510,469 
Net Assets  $285,924,988 
Net Assets consist of:   
Paid in capital  $262,135,631 
Total accumulated earnings (loss)  23,789,357 
Net Assets  $285,924,988 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($842,911 ÷ 80,468 shares)(a)  $10.48 
Maximum offering price per share (100/94.25 of $10.47)  $11.11 
Class M:   
Net Asset Value and redemption price per share ($432,296 ÷ 41,360 shares)(a)  $10.45 
Maximum offering price per share (100/96.50 of $10.45)  $10.83 
Class C:   
Net Asset Value and offering price per share ($251,865 ÷ 24,239 shares)(a)  $10.39 
Fidelity Freedom Blend 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($9,164,773 ÷ 872,750 shares)  $10.50 
Class K:   
Net Asset Value, offering price and redemption price per share ($4,672,993 ÷ 444,790 shares)  $10.51 
Class K6:   
Net Asset Value, offering price and redemption price per share ($266,116,863 ÷ 25,280,861 shares)  $10.53 
Class I:   
Net Asset Value, offering price and redemption price per share ($3,317,906 ÷ 316,117 shares)  $10.50 
Class Z:   
Net Asset Value, offering price and redemption price per share ($113,537 ÷ 10,786 shares)  $10.53 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,011,844 ÷ 96,146 shares)  $10.52 

 (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

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $753,460 
Expenses   
Management fee $438,145  
Distribution and service plan fees 2,748  
Independent trustees' fees and expenses 313  
Total expenses  441,206 
Net investment income (loss)  312,254 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 456,198  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,922,266  
Total net realized gain (loss)  7,378,464 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 49,203,217  
Total change in net unrealized appreciation (depreciation)  49,203,217 
Net gain (loss)  56,581,681 
Net increase (decrease) in net assets resulting from operations  $56,893,935 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $312,254 $2,761,863 
Net realized gain (loss) 7,378,464 3,031,085 
Change in net unrealized appreciation (depreciation) 49,203,217 (31,971,950) 
Net increase (decrease) in net assets resulting from operations 56,893,935 (26,179,002) 
Distributions to shareholders (2,085,875) (5,105,487) 
Share transactions - net increase (decrease) 49,889,218 207,416,351 
Total increase (decrease) in net assets 104,697,278 176,131,862 
Net Assets   
Beginning of period 181,227,710 5,095,848 
End of period $285,924,988 $181,227,710 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2055 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.27 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .16 .04 
Net realized and unrealized gain (loss) 2.31 (1.10) (.22) 
Total from investment operations 2.30 (.94) (.18) 
Distributions from net investment income – (.15) (.14) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.30)C (.31)C 
Net asset value, end of period $10.48 $8.27 $9.51 
Total ReturnD,E 27.92% (10.55)% (1.46)% 
Ratios to Average Net AssetsF    
Expenses before reductions .79%G .79% .79%G 
Expenses net of fee waivers, if any .79%G .79% .79%G 
Expenses net of all reductions .79%G .79% .79%G 
Net investment income (loss) (.19)%G 1.58% .70%G 
Supplemental Data    
Net assets, end of period (000 omitted) $843 $393 $151 
Portfolio turnover rateH 24%G 26% 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 Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.27 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .13 .02 
Net realized and unrealized gain (loss) 2.29 (1.09) (.21) 
Total from investment operations 2.27 (.96) (.19) 
Distributions from net investment income – (.13) (.13) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.28)C (.30)C 
Net asset value, end of period $10.45 $8.27 $9.51 
Total ReturnD,E 27.55% (10.73)% (1.55)% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.04%G 1.04% 1.04%G 
Expenses net of fee waivers, if any 1.04%G 1.04% 1.04%G 
Expenses net of all reductions 1.04%G 1.04% 1.04%G 
Net investment income (loss) (.44)%G 1.33% .45%G 
Supplemental Data    
Net assets, end of period (000 omitted) $432 $249 $101 
Portfolio turnover rateH 24%G 26% 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 Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).}

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.24 $9.49 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.05) .08 C 
Net realized and unrealized gain (loss) 2.29 (1.08) (.23) 
Total from investment operations 2.24 (1.00) (.23) 
Distributions from net investment income – (.10) (.12) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.25)D (.28) 
Net asset value, end of period $10.39 $8.24 $9.49 
Total ReturnE,F 27.29% (11.12)% (1.93)% 
Ratios to Average Net AssetsG    
Expenses before reductions 1.54%H 1.54% 1.54%H 
Expenses net of fee waivers, if any 1.54%H 1.54% 1.54%H 
Expenses net of all reductions 1.54%H 1.54% 1.54%H 
Net investment income (loss) (.94)%H .83% (.05)%H 
Supplemental Data    
Net assets, end of period (000 omitted) $252 $153 $107 
Portfolio turnover rateI 24%H 26% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Total returns 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.29 $9.51 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .17 .05 
Net realized and unrealized gain (loss) 2.30 (1.08) (.22) 
Total from investment operations 2.30 (.91) (.17) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.31) (.32)D 
Net asset value, end of period $10.50 $8.29 $9.51 
Total ReturnE 27.92% (10.22)% (1.35)% 
Ratios to Average Net AssetsF    
Expenses before reductions .54%G .56%H .54%G 
Expenses net of fee waivers, if any .54%G .56%H .54%G 
Expenses net of all reductions .54%G .56%H .54%G 
Net investment income (loss) .06%G 1.82% .95%G 
Supplemental Data    
Net assets, end of period (000 omitted) $9,165 $5,211 $320 
Portfolio turnover rateI 24%G 26% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.29 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .06 
Net realized and unrealized gain (loss) 2.30 (1.09) (.22) 
Total from investment operations 2.31 (.90) (.16) 
Distributions from net investment income – (.19) (.15) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.33) (.32)C 
Net asset value, end of period $10.51 $8.29 $9.52 
Total ReturnD 28.00% (10.17)% (1.23)% 
Ratios to Average Net AssetsE    
Expenses before reductions .44%F .44% .44%F 
Expenses net of fee waivers, if any .44%F .44% .44%F 
Expenses net of all reductions .44%F .44% .44%F 
Net investment income (loss) .16%F 1.93% 1.05%F 
Supplemental Data    
Net assets, end of period (000 omitted) $4,673 $4,757 $99 
Portfolio turnover rateG 24%F 26% 14%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .20 .06 
Net realized and unrealized gain (loss) 2.31 (1.10) (.22) 
Total from investment operations 2.32 (.90) (.16) 
Distributions from net investment income – (.18) (.16) 
Distributions from net realized gain (.09) (.15) (.16) 
Total distributions (.09) (.32)C (.32) 
Net asset value, end of period $10.53 $8.30 $9.52 
Total ReturnD 28.14% (10.11)% (1.19)% 
Ratios to Average Net AssetsE    
Expenses before reductions .34%F .34% .35%F,G 
Expenses net of fee waivers, if any .34%F .34% .35%F,G 
Expenses net of all reductions .34%F .34% .35%F,G 
Net investment income (loss) .26%F 2.03% 1.15%F 
Supplemental Data    
Net assets, end of period (000 omitted) $266,117 $167,831 $4,021 
Portfolio turnover rateH 24%F 26% 14%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.28 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .18 .05 
Net realized and unrealized gain (loss) 2.31 (1.10) (.22) 
Total from investment operations 2.31 (.92) (.17) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.32) (.31) 
Net asset value, end of period $10.50 $8.28 $9.52 
Total ReturnD 28.02% (10.32)% (1.27)% 
Ratios to Average Net AssetsE    
Expenses before reductions .54%F .54% .54%F 
Expenses net of fee waivers, if any .54%F .54% .54%F 
Expenses net of all reductions .54%F .54% .54%F 
Net investment income (loss) .06%F 1.83% .95%F 
Supplemental Data    
Net assets, end of period (000 omitted) $3,318 $1,851 $99 
Portfolio turnover rateG 24%F 26% 14%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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .06 
Net realized and unrealized gain (loss) 2.31 (1.10) (.22) 
Total from investment operations 2.32 (.91) (.16) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.31) (.32)C 
Net asset value, end of period $10.53 $8.30 $9.52 
Total ReturnD 28.09% (10.23)% (1.23)% 
Ratios to Average Net AssetsE    
Expenses before reductions .44%F .44% .44%F 
Expenses net of fee waivers, if any .44%F .44% .44%F 
Expenses net of all reductions .44%F .44% .44%F 
Net investment income (loss) .16%F 1.93% 1.05%F 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $89 $99 
Portfolio turnover rateG 24%F 26% 14%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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .19 .06 
Net realized and unrealized gain (loss) 2.30 (1.09) (.22) 
Total from investment operations 2.31 (.90) (.16) 
Distributions from net investment income – (.18) (.16) 
Distributions from net realized gain (.09) (.14) (.16) 
Total distributions (.09) (.32) (.32) 
Net asset value, end of period $10.52 $8.30 $9.52 
Total ReturnC 28.05% (10.11)% (1.19)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .35%F .34%E 
Expenses net of fee waivers, if any .34%E .35%F .34%E 
Expenses net of all reductions .34%E .35%F .34%E 
Net investment income (loss) .26%E 2.03% 1.15%E 
Supplemental Data    
Net assets, end of period (000 omitted) $1,012 $694 $99 
Portfolio turnover rateG 24%E 26% 14%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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 September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2060 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 598,977 $9,889,117 
Fidelity Series Commodity Strategy Fund (a) 542,034 2,254,861 
Fidelity Series Large Cap Growth Index Fund (a) 444,589 6,330,952 
Fidelity Series Large Cap Stock Fund (a) 481,657 6,820,269 
Fidelity Series Large Cap Value Index Fund (a) 1,112,087 12,900,216 
Fidelity Series Small Cap Opportunities Fund (a) 254,379 3,245,881 
Fidelity Series Value Discovery Fund (a) 378,889 4,683,073 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $43,582,575)  46,124,369 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 205,603 2,103,320 
Fidelity Series Emerging Markets Fund (a) 147,310 1,389,137 
Fidelity Series Emerging Markets Opportunities Fund (a) 594,923 12,481,481 
Fidelity Series International Growth Fund (a) 290,945 5,463,954 
Fidelity Series International Index Fund (a) 226,968 2,256,064 
Fidelity Series International Small Cap Fund (a) 108,114 1,924,428 
Fidelity Series International Value Fund (a) 629,155 5,423,315 
Fidelity Series Overseas Fund (a) 488,016 5,456,022 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $33,248,602)  36,497,721 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 923 10,385 
Fidelity Series Emerging Markets Debt Fund (a) 58,653 531,392 
Fidelity Series Floating Rate High Income Fund (a) 13,801 122,135 
Fidelity Series Government Bond Index Fund (a) 1,100 12,378 
Fidelity Series High Income Fund (a) 67,484 615,456 
Fidelity Series Inflation-Protected Bond Index Fund (a) 169,422 1,812,814 
Fidelity Series Investment Grade Bond Fund (a) 1,141 13,962 
Fidelity Series Investment Grade Securitized Fund (a) 884 9,434 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 200,029 2,066,297 
Fidelity Series Real Estate Income Fund (a) 37,311 372,367 
TOTAL BOND FUNDS   
(Cost $5,390,923)  5,566,620 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 217,426 217,426 
Fidelity Series Short-Term Credit Fund (a) 18,477 189,384 
Fidelity Series Treasury Bill Index Fund (a) 83,680 837,638 
TOTAL SHORT-TERM FUNDS   
(Cost $1,242,584)  1,244,448 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $83,464,684)  89,433,158 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,641) 
NET ASSETS - 100%  $89,431,517 

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 Blue Chip Growth Fund $4,978,324 $4,816,348 $1,565,904 $1,935,440 $120,425 $1,539,924 $9,889,117 
Fidelity Series Canada Fund 1,200,585 696,606 122,714 -- (10,400) 339,243 2,103,320 
Fidelity Series Commodity Strategy Fund 1,737,562 698,208 427,687 9,439 (48,509) 295,287 2,254,861 
Fidelity Series Corporate Bond Fund 14,954 4,843 10,025 123 (846) 1,459 10,385 
Fidelity Series Emerging Markets Debt Fund 338,404 154,228 10,232 12,244 59 48,933 531,392 
Fidelity Series Emerging Markets Fund 618,240 531,171 38,604 -- 1,252 277,078 1,389,137 
Fidelity Series Emerging Markets Opportunities Fund 5,692,038 4,474,283 293,659 -- 17,396 2,591,423 12,481,481 
Fidelity Series Floating Rate High Income Fund 78,644 36,718 2,476 2,356 23 9,226 122,135 
Fidelity Series Government Bond Index Fund 22,654 4,731 15,007 76 (13) 13 12,378 
Fidelity Series Government Money Market Fund 0.16% 428,307 934,937 1,145,818 415 -- -- 217,426 
Fidelity Series High Income Fund 392,767 186,401 12,378 14,646 96 48,570 615,456 
Fidelity Series Inflation-Protected Bond Index Fund 1,160,476 707,017 139,013 1,137 (744) 85,078 1,812,814 
Fidelity Series International Growth Fund 3,457,712 1,566,596 724,955 -- 21,582 1,143,019 5,463,954 
Fidelity Series International Index Fund 1,361,733 670,466 114,919 -- (3,776) 342,560 2,256,064 
Fidelity Series International Small Cap Fund 1,019,630 531,247 33,529 -- 2,125 404,955 1,924,428 
Fidelity Series International Value Fund 3,302,734 1,721,734 408,351 -- (10,399) 817,597 5,423,315 
Fidelity Series Investment Grade Bond Fund 22,620 5,882 15,087 145 (574) 1,121 13,962 
Fidelity Series Investment Grade Securitized Fund 15,595 4,230 10,459 46 67 9,434 
Fidelity Series Large Cap Growth Index Fund 3,717,336 1,898,552 1,087,789 102,555 61,686 1,741,167 6,330,952 
Fidelity Series Large Cap Stock Fund 3,865,673 2,471,970 297,287 223,021 1,545 778,368 6,820,269 
Fidelity Series Large Cap Value Index Fund 7,164,828 4,416,947 385,807 -- (10,060) 1,714,308 12,900,216 
Fidelity Series Long-Term Treasury Bond Index Fund 1,318,052 1,035,725 239,820 38,337 (3,453) (44,207) 2,066,297 
Fidelity Series Overseas Fund 3,353,354 1,719,593 741,195 -- (44,988) 1,169,258 5,456,022 
Fidelity Series Real Estate Income Fund 214,435 118,723 7,763 11,084 46,968 372,367 
Fidelity Series Short-Term Credit Fund 180,553 2,059 -- 2,049 -- 6,772 189,384 
Fidelity Series Small Cap Opportunities Fund 1,917,349 1,034,855 242,746 19,159 (42,912) 579,335 3,245,881 
Fidelity Series Treasury Bill Index Fund 1,350,828 43,244 551,951 5,301 (1,876) (2,607) 837,638 
Fidelity Series Value Discovery Fund 2,248,437 1,868,880 83,229 -- 1,744 647,241 4,683,073 
 51,173,824 32,356,194 8,728,404 2,377,573 49,388 14,582,156 89,433,158 

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 September 30, 2020, 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:     
Domestic Equity Funds $46,124,369 $46,124,369 $-- $-- 
International Equity Funds 36,497,721 36,497,721 -- -- 
Bond Funds 5,566,620 5,566,620 -- -- 
Short-Term Funds 1,244,448 1,244,448 -- -- 
Total Investments in Securities: $89,433,158 $89,433,158 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $83,464,684) $89,433,158  
Total Investment in Securities (cost $83,464,684)  $89,433,158 
Cash  203 
Receivable for investments sold  463,079 
Receivable for fund shares sold  436,072 
Total assets  90,332,512 
Liabilities   
Payable for investments purchased $834,074  
Payable for fund shares redeemed 39,555  
Accrued management fee 26,784  
Distribution and service plan fees payable 582  
Total liabilities  900,995 
Net Assets  $89,431,517 
Net Assets consist of:   
Paid in capital  $81,679,162 
Total accumulated earnings (loss)  7,752,355 
Net Assets  $89,431,517 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($945,110 ÷ 89,727 shares)(a)  $10.53 
Maximum offering price per share (100/94.25 of $10.53)  $11.17 
Class M:   
Net Asset Value and redemption price per share ($275,705 ÷ 26,243 shares)(a)  $10.51 
Maximum offering price per share (100/96.50 of $10.51)  $10.89 
Class C:   
Net Asset Value and offering price per share ($344,466 ÷ 33,003 shares)(a)  $10.44 
Fidelity Freedom Blend 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($4,375,362 ÷ 414,556 shares)  $10.55 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,365,733 ÷ 129,306 shares)  $10.56 
Class K6:   
Net Asset Value, offering price and redemption price per share ($79,751,190 ÷ 7,539,249 shares)  $10.58 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,680,386 ÷ 159,307 shares)  $10.55 
Class Z:   
Net Asset Value, offering price and redemption price per share ($114,003 ÷ 10,772 shares)  $10.58 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($579,562 ÷ 54,741 shares)  $10.59 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $230,503 
Expenses   
Management fee $135,414  
Distribution and service plan fees 2,964  
Independent trustees' fees and expenses 92  
Total expenses before reductions 138,470  
Expense reductions (1)  
Total expenses after reductions  138,469 
Net investment income (loss)  92,034 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 49,388  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,147,070  
Total net realized gain (loss)  2,196,458 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 14,582,156  
Total change in net unrealized appreciation (depreciation)  14,582,156 
Net gain (loss)  16,778,614 
Net increase (decrease) in net assets resulting from operations  $16,870,648 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) Year ended March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $92,034 $614,960 
Net realized gain (loss) 2,196,458 442,582 
Change in net unrealized appreciation (depreciation) 14,582,156 (8,667,644) 
Net increase (decrease) in net assets resulting from operations 16,870,648 (7,610,102) 
Distributions to shareholders (458,642) (1,132,008) 
Share transactions - net increase (decrease) 21,846,493 57,305,021 
Total increase (decrease) in net assets 38,258,499 48,562,911 
Net Assets   
Beginning of period 51,173,018 2,610,107 
End of period $89,431,517 $51,173,018 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2060 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.53 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.01) .16 .08 
Net realized and unrealized gain (loss) 2.31 (1.11) (.27) 
Total from investment operations 2.30 (.95) (.19) 
Distributions from net investment income – (.14) (.14) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.28) (.28)C 
Net asset value, end of period $10.53 $8.30 $9.53 
Total ReturnD,E,F 27.79% (10.54)% (1.50)% 
Ratios to Average Net AssetsG    
Expenses before reductions .79%H .79% .80%H,I 
Expenses net of fee waivers, if any .79%H .79% .80%H,I 
Expenses net of all reductions .79%H .79% .80%H,I 
Net investment income (loss) (.18)%H 1.62% 1.50%H 
Supplemental Data    
Net assets, end of period (000 omitted) $945 $493 $243 
Portfolio turnover rateJ 24%H 27% 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 per share do not sum due to rounding.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.29 $9.53 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.02) .14 .07 
Net realized and unrealized gain (loss) 2.31 (1.12) (.26) 
Total from investment operations 2.29 (.98) (.19) 
Distributions from net investment income – (.12) (.13) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.26) (.28) 
Net asset value, end of period $10.51 $8.29 $9.53 
Total ReturnC,D 27.70% (10.80)% (1.59)% 
Ratios to Average Net AssetsE    
Expenses before reductions 1.04%F 1.04% 1.04%F 
Expenses net of fee waivers, if any 1.04%F 1.04% 1.04%F 
Expenses net of all reductions 1.04%F 1.04% 1.04%F 
Net investment income (loss) (.43)%F 1.37% 1.25%F 
Supplemental Data    
Net assets, end of period (000 omitted) $276 $174 $143 
Portfolio turnover rateG 24%F 27% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.26 $9.52 $10.00 
Income from Investment Operations    
Net investment income (loss)B (.05) .09 .04 
Net realized and unrealized gain (loss) 2.30 (1.11) (.26) 
Total from investment operations 2.25 (1.02) (.22) 
Distributions from net investment income – (.10) (.12) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.24) (.26)C 
Net asset value, end of period $10.44 $8.26 $9.52 
Total ReturnD,E 27.32% (11.22)% (1.87)% 
Ratios to Average Net AssetsF    
Expenses before reductions 1.54%G 1.54% 1.54%G 
Expenses net of fee waivers, if any 1.54%G 1.54% 1.54%G 
Expenses net of all reductions 1.54%G 1.54% 1.54%G 
Net investment income (loss) (.93)%G .87% .76%G 
Supplemental Data    
Net assets, end of period (000 omitted) $344 $222 $107 
Portfolio turnover rateH 24%G 27% 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 per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.31 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .18 .09 
Net realized and unrealized gain (loss) 2.31 (1.11) (.25) 
Total from investment operations 2.31 (.93) (.16) 
Distributions from net investment income – (.16) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.30) (.30) 
Net asset value, end of period $10.55 $8.31 $9.54 
Total ReturnD 27.88% (10.35)% (1.27)% 
Ratios to Average Net AssetsE    
Expenses before reductions .54%F .55%G .54%F 
Expenses net of fee waivers, if any .54%F .55%G .54%F 
Expenses net of all reductions .54%F .55%G .54%F 
Net investment income (loss) .07%F 1.87% 1.75%F 
Supplemental Data    
Net assets, end of period (000 omitted) $4,375 $2,773 $453 
Portfolio turnover rateH 24%F 27% 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 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.31 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .20 .10 
Net realized and unrealized gain (loss) 2.31 (1.11) (.26) 
Total from investment operations 2.32 (.91) (.16) 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.32) (.30) 
Net asset value, end of period $10.56 $8.31 $9.54 
Total ReturnC 28.00% (10.22)% (1.28)% 
Ratios to Average Net AssetsD    
Expenses before reductions .44%E .44% .44%E 
Expenses net of fee waivers, if any .44%E .44% .44%E 
Expenses net of all reductions .44%E .44% .44%E 
Net investment income (loss) .17%E 1.97% 1.85%E 
Supplemental Data    
Net assets, end of period (000 omitted) $1,366 $1,307 $99 
Portfolio turnover rateF 24%E 27% 11%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.32 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .20 .10 
Net realized and unrealized gain (loss) 2.32 (1.10) (.26) 
Total from investment operations 2.33 (.90) (.16) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.32)C (.30) 
Net asset value, end of period $10.58 $8.32 $9.54 
Total ReturnD 28.13% (10.12)% (1.24)% 
Ratios to Average Net AssetsE    
Expenses before reductions .34%F .34% .34%F 
Expenses net of fee waivers, if any .34%F .34% .34%F 
Expenses net of all reductions .34%F .34% .34%F 
Net investment income (loss) .27%F 2.07% 1.95%F 
Supplemental Data    
Net assets, end of period (000 omitted) $79,751 $44,655 $1,261 
Portfolio turnover rateG 24%F 27% 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 distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.30 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B C .19 .10 
Net realized and unrealized gain (loss) 2.32 (1.12) (.27) 
Total from investment operations 2.32 (.93) (.17) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.31) (.29)D 
Net asset value, end of period $10.55 $8.30 $9.54 
Total ReturnE 28.03% (10.37)% (1.31)% 
Ratios to Average Net AssetsF    
Expenses before reductions .54%G .54% .54%G 
Expenses net of fee waivers, if any .54%G .54% .54%G 
Expenses net of all reductions .54%G .54% .54%G 
Net investment income (loss) .07%G 1.87% 1.75%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,680 $1,084 $102 
Portfolio turnover rateH 24%G 27% 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 Amount represents less than $.005 per share.

 D Total distributions per share do not sum due to rounding.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.33 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .20 .10 
Net realized and unrealized gain (loss) 2.31 (1.11) (.26) 
Total from investment operations 2.32 (.91) (.16) 
Distributions from net investment income – (.16) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.30) (.30) 
Net asset value, end of period $10.58 $8.33 $9.54 
Total ReturnC 27.93% (10.17)% (1.28)% 
Ratios to Average Net AssetsD    
Expenses before reductions .44%E .44% .44%E 
Expenses net of fee waivers, if any .44%E .44% .44%E 
Expenses net of all reductions .44%E .44% .44%E 
Net investment income (loss) .17%E 1.97% 1.86%E 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $89 $99 
Portfolio turnover rateF 24%E 27% 11%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2020 2020 2019 A 
Selected Per–Share Data    
Net asset value, beginning of period $8.33 $9.54 $10.00 
Income from Investment Operations    
Net investment income (loss)B .01 .20 .11 
Net realized and unrealized gain (loss) 2.32 (1.10) (.27) 
Total from investment operations 2.33 (.90) (.16) 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.07) (.14) (.15) 
Total distributions (.07) (.31) (.30) 
Net asset value, end of period $10.59 $8.33 $9.54 
Total ReturnC 28.11% (10.10)% (1.24)% 
Ratios to Average Net AssetsD    
Expenses before reductions .34%E .34% .34%E 
Expenses net of fee waivers, if any .34%E .34% .34%E 
Expenses net of all reductions .34%E .34% .34%E 
Net investment income (loss) .27%E 2.07% 1.96%E 
Supplemental Data    
Net assets, end of period (000 omitted) $580 $375 $103 
Portfolio turnover rateF 24%E 27% 11%E 

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2065 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2020

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.4 
Fidelity Series Emerging Markets Opportunities Fund 14.0 
Fidelity Series Blue Chip Growth Fund 11.1 
Fidelity Series Large Cap Stock Fund 7.6 
Fidelity Series Large Cap Growth Index Fund 7.1 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Overseas Fund 6.1 
Fidelity Series International Value Fund 6.1 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Series Small Cap Opportunities Fund 3.6 
 81.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.6% 
   International Equity Funds 40.8% 
   Bond Funds 6.2% 
   Short-Term Funds 1.4% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2065 Fund

Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.6%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 39,843 $657,812 
Fidelity Series Commodity Strategy Fund (a) 36,058 150,002 
Fidelity Series Large Cap Growth Index Fund (a) 29,584 421,280 
Fidelity Series Large Cap Stock Fund (a) 32,043 453,732 
Fidelity Series Large Cap Value Index Fund (a) 73,982 858,195 
Fidelity Series Small Cap Opportunities Fund (a) 16,924 215,944 
Fidelity Series Value Discovery Fund (a) 25,204 311,518 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,913,929)  3,068,483 
International Equity Funds - 40.8%   
Fidelity Series Canada Fund (a) 13,683 139,974 
Fidelity Series Emerging Markets Fund (a) 9,800 92,414 
Fidelity Series Emerging Markets Opportunities Fund (a) 39,578 830,350 
Fidelity Series International Growth Fund (a) 19,359 363,571 
Fidelity Series International Index Fund (a) 15,105 150,142 
Fidelity Series International Small Cap Fund (a) 7,190 127,980 
Fidelity Series International Value Fund (a) 41,851 360,754 
Fidelity Series Overseas Fund (a) 32,473 363,050 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,223,353)  2,428,235 
Bond Funds - 6.2%   
Fidelity Series Corporate Bond Fund (a) 59 663 
Fidelity Series Emerging Markets Debt Fund (a) 3,833 34,727 
Fidelity Series Floating Rate High Income Fund (a) 922 8,158 
Fidelity Series Government Bond Index Fund (a) 70 791 
Fidelity Series High Income Fund (a) 4,528 41,297 
Fidelity Series Inflation-Protected Bond Index Fund (a) 11,264 120,530 
Fidelity Series Investment Grade Bond Fund (a) 73 889 
Fidelity Series Investment Grade Securitized Fund (a) 56 602 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 13,306 137,452 
Fidelity Series Real Estate Income Fund (a) 2,552 25,464 
TOTAL BOND FUNDS   
(Cost $360,714)  370,573 
Short-Term Funds - 1.4%   
Fidelity Series Government Money Market Fund 0.16% (a)(b) 28,190 28,190 
Fidelity Series Short-Term Credit Fund (a) 605 6,198 
Fidelity Series Treasury Bill Index Fund (a) 4,827 48,319 
TOTAL SHORT-TERM FUNDS   
(Cost $82,657)  82,707 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $5,580,653)  5,949,998 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (267) 
NET ASSETS - 100%  $5,949,731 

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 Blue Chip Growth Fund $246,710 $513,235 $176,558 $126,132 $(57) $74,482 $657,812 
Fidelity Series Canada Fund 58,816 88,961 25,420 -- (1,823) 19,440 139,974 
Fidelity Series Commodity Strategy Fund 87,912 92,872 44,766 615 (1,831) 15,815 150,002 
Fidelity Series Corporate Bond Fund 668 379 414 (35) 65 663 
Fidelity Series Emerging Markets Debt Fund 16,137 22,004 5,839 689 (230) 2,655 34,727 
Fidelity Series Emerging Markets Fund 30,515 61,102 14,324 -- (242) 15,363 92,414 
Fidelity Series Emerging Markets Opportunities Fund 280,112 538,208 129,285 -- (6,517) 147,832 830,350 
Fidelity Series Floating Rate High Income Fund 3,787 5,293 1,413 135 (67) 558 8,158 
Fidelity Series Government Bond Index Fund 1,022 396 626 (1) -- 791 
Fidelity Series Government Money Market Fund 0.16% 31,125 94,112 97,047 36 -- -- 28,190 
Fidelity Series High Income Fund 19,212 26,631 7,064 845 (266) 2,784 41,297 
Fidelity Series Inflation-Protected Bond Index Fund 54,819 83,240 22,220 63 (55) 4,746 120,530 
Fidelity Series International Growth Fund 171,036 216,631 88,073 -- (956) 64,933 363,571 
Fidelity Series International Index Fund 67,715 92,169 27,890 -- (1,684) 19,832 150,142 
Fidelity Series International Small Cap Fund 51,927 73,061 19,834 -- 330 22,496 127,980 
Fidelity Series International Value Fund 165,447 227,616 74,079 -- (5,789) 47,559 360,754 
Fidelity Series Investment Grade Bond Fund 1,012 469 619 (24) 51 889 
Fidelity Series Investment Grade Securitized Fund 696 334 432 -- 602 
Fidelity Series Large Cap Growth Index Fund 183,258 258,402 120,339 5,642 3,691 96,268 421,280 
Fidelity Series Large Cap Stock Fund 191,426 302,291 78,933 14,236 (4,953) 43,901 453,732 
Fidelity Series Large Cap Value Index Fund 353,202 550,997 136,929 -- (13,038) 103,963 858,195 
Fidelity Series Long-Term Treasury Bond Index Fund 67,221 104,212 30,695 2,077 (628) (2,658) 137,452 
Fidelity Series Overseas Fund 164,074 224,684 86,538 -- (3,807) 64,637 363,050 
Fidelity Series Real Estate Income Fund 10,519 16,848 4,427 689 (429) 2,953 25,464 
Fidelity Series Short-Term Credit Fund 5,909 67 -- 67 -- 222 6,198 
Fidelity Series Small Cap Opportunities Fund 94,087 134,963 41,264 1,249 (2,982) 31,140 215,944 
Fidelity Series Treasury Bill Index Fund 59,792 232 11,527 233 (33) (145) 48,319 
Fidelity Series Value Discovery Fund 110,508 213,388 47,377 -- (3,305) 38,304 311,518 
 2,528,664 3,942,797 1,293,932 152,729 (44,731) 817,200 5,949,998 

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 September 30, 2020, 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:     
Domestic Equity Funds $3,068,483 $3,068,483 $-- $-- 
International Equity Funds 2,428,235 2,428,235 -- -- 
Bond Funds 370,573 370,573 -- -- 
Short-Term Funds 82,707 82,707 -- -- 
Total Investments in Securities: $5,949,998 $5,949,998 $-- $-- 

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2020 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $5,580,653) $5,949,998  
Total Investment in Securities (cost $5,580,653)  $5,949,998 
Cash  199 
Receivable for investments sold  14,636 
Receivable for fund shares sold  82,563 
Total assets  6,047,396 
Liabilities   
Payable for investments purchased $95,176  
Accrued management fee 2,115  
Distribution and service plan fees payable 374  
Total liabilities  97,665 
Net Assets  $5,949,731 
Net Assets consist of:   
Paid in capital  $5,498,287 
Total accumulated earnings (loss)  451,444 
Net Assets  $5,949,731 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($248,414 ÷ 23,218 shares)(a)  $10.70 
Maximum offering price per share (100/94.25 of $10.70)  $11.35 
Class M:   
Net Asset Value and redemption price per share ($264,161 ÷ 24,733 shares)(a)  $10.68 
Maximum offering price per share (100/96.50 of $10.68)  $11.07 
Class C:   
Net Asset Value and offering price per share ($274,427 ÷ 25,814 shares)(a)  $10.63 
Fidelity Freedom Blend 2065 Fund:   
Net Asset Value, offering price and redemption price per share ($1,034,944 ÷ 96,531 shares)  $10.72 
Class K:   
Net Asset Value, offering price and redemption price per share ($163,827 ÷ 15,258 shares)  $10.74 
Class K6:   
Net Asset Value, offering price and redemption price per share ($3,499,473 ÷ 326,005 shares)  $10.73 
Class I:   
Net Asset Value, offering price and redemption price per share ($216,594 ÷ 20,186 shares)  $10.73 
Class Z:   
Net Asset Value, offering price and redemption price per share ($123,378 ÷ 11,490 shares)  $10.74 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($124,513 ÷ 11,586 shares)  $10.75 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2020 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $14,245 
Expenses   
Management fee $9,187  
Distribution and service plan fees 1,872  
Independent trustees' fees and expenses  
Total expenses  11,064 
Net investment income (loss)  3,181 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (44,731)  
Capital gain distributions from underlying funds:   
Affiliated issuers 138,484  
Total net realized gain (loss)  93,753 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 817,200  
Total change in net unrealized appreciation (depreciation)  817,200 
Net gain (loss)  910,953 
Net increase (decrease) in net assets resulting from operations  $914,134 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2020 (Unaudited) For the period
June 28, 2019 (commencement of operations) to March 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,181 $21,707 
Net realized gain (loss) 93,753 24,775 
Change in net unrealized appreciation (depreciation) 817,200 (447,855) 
Net increase (decrease) in net assets resulting from operations 914,134 (401,373) 
Distributions to shareholders (18,320) (42,997) 
Share transactions - net increase (decrease) 2,525,297 2,972,990 
Total increase (decrease) in net assets 3,421,111 2,528,620 
Net Assets   
Beginning of period 2,528,620 – 
End of period $5,949,731 $2,528,620 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Freedom Blend 2065 Fund Class A

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.42 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .14 
Net realized and unrealized gain (loss) 2.34 (1.43) 
Total from investment operations 2.33 (1.29) 
Distributions from net investment income – (.16) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.29)C 
Net asset value, end of period $10.70 $8.42 
Total ReturnD,E 27.78% (13.48)% 
Ratios to Average Net AssetsF   
Expenses before reductions .79%G .79%G 
Expenses net of fee waivers, if any .79%G .79%G 
Expenses net of all reductions .79%G .79%G 
Net investment income (loss) (.14)%G 1.78%G 
Supplemental Data   
Net assets, end of period (000 omitted) $248 $154 
Portfolio turnover rateH 60%G 29%G 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.42 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.02) .12 
Net realized and unrealized gain (loss) 2.33 (1.42) 
Total from investment operations 2.31 (1.30) 
Distributions from net investment income – (.14) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.28) 
Net asset value, end of period $10.68 $8.42 
Total ReturnC,D 27.54% (13.60)% 
Ratios to Average Net AssetsE   
Expenses before reductions 1.04%F 1.05%F,G 
Expenses net of fee waivers, if any 1.04%F 1.05%F,G 
Expenses net of all reductions 1.04%F 1.05%F,G 
Net investment income (loss) (.39)%F 1.53%F 
Supplemental Data   
Net assets, end of period (000 omitted) $264 $165 
Portfolio turnover rateH 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.40 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.04) .08 
Net realized and unrealized gain (loss) 2.32 (1.42) 
Total from investment operations 2.28 (1.34) 
Distributions from net investment income – (.12) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.26) 
Net asset value, end of period $10.63 $8.40 
Total ReturnC,D 27.25% (13.94)% 
Ratios to Average Net AssetsE   
Expenses before reductions 1.54%F 1.55%F,G 
Expenses net of fee waivers, if any 1.54%F 1.55%F,G 
Expenses net of all reductions 1.54%F 1.55%F,G 
Net investment income (loss) (.89)%F 1.03%F 
Supplemental Data   
Net assets, end of period (000 omitted) $274 $156 
Portfolio turnover rateH 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.43 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .15 
Net realized and unrealized gain (loss) 2.33 (1.42) 
Total from investment operations 2.34 (1.27) 
Distributions from net investment income – (.17) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.30)C 
Net asset value, end of period $10.72 $8.43 
Total ReturnD 27.87% (13.28)% 
Ratios to Average Net AssetsE   
Expenses before reductions .54%F .54%F 
Expenses net of fee waivers, if any .54%F .54%F 
Expenses net of all reductions .54%F .54%F 
Net investment income (loss) .11%F 2.03%F 
Supplemental Data   
Net assets, end of period (000 omitted) $1,035 $423 
Portfolio turnover rateG 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.43 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .16 
Net realized and unrealized gain (loss) 2.35 (1.43) 
Total from investment operations 2.36 (1.27) 
Distributions from net investment income – (.17) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.30)C 
Net asset value, end of period $10.74 $8.43 
Total ReturnD 28.10% (13.30)% 
Ratios to Average Net AssetsE   
Expenses before reductions .44%F .44%F 
Expenses net of fee waivers, if any .44%F .44%F 
Expenses net of all reductions .44%F .44%F 
Net investment income (loss) .21%F 2.13%F 
Supplemental Data   
Net assets, end of period (000 omitted) $164 $118 
Portfolio turnover rateG 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.43 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .16 
Net realized and unrealized gain (loss) 2.33 (1.42) 
Total from investment operations 2.35 (1.26) 
Distributions from net investment income – (.18) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.31)C 
Net asset value, end of period $10.73 $8.43 
Total ReturnD 28.03% (13.20)% 
Ratios to Average Net AssetsE   
Expenses before reductions .34%F .34%F 
Expenses net of fee waivers, if any .34%F .34%F 
Expenses net of all reductions .34%F .34%F 
Net investment income (loss) .31%F 2.23%F 
Supplemental Data   
Net assets, end of period (000 omitted) $3,500 $1,084 
Portfolio turnover rateG 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.43 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .15 
Net realized and unrealized gain (loss) 2.34 (1.42) 
Total from investment operations 2.35 (1.27) 
Distributions from net investment income – (.16) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.30) 
Net asset value, end of period $10.73 $8.43 
Total ReturnC 27.99% (13.34)% 
Ratios to Average Net AssetsD   
Expenses before reductions .54%E .54%E 
Expenses net of fee waivers, if any .54%E .54%E 
Expenses net of all reductions .54%E .54%E 
Net investment income (loss) .11%E 2.03%E 
Supplemental Data   
Net assets, end of period (000 omitted) $217 $235 
Portfolio turnover rateF 60%E 29%E 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class Z

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.44 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .16 
Net realized and unrealized gain (loss) 2.34 (1.42) 
Total from investment operations 2.35 (1.26) 
Distributions from net investment income – (.17) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.30)C 
Net asset value, end of period $10.74 $8.44 
Total ReturnD 27.95% (13.20)% 
Ratios to Average Net AssetsE   
Expenses before reductions .44%F .44%F 
Expenses net of fee waivers, if any .44%F .44%F 
Expenses net of all reductions .44%F .44%F 
Net investment income (loss) .21%F 2.13%F 
Supplemental Data   
Net assets, end of period (000 omitted) $123 $96 
Portfolio turnover rateG 60%F 29%F 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 B Calculated based on average shares outstanding during the period.

 C Total distributions per share do not sum due to rounding.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 F Annualized

 G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2020 2020 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.44 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .17 
Net realized and unrealized gain (loss) 2.34 (1.42) 
Total from investment operations 2.36 (1.25) 
Distributions from net investment income – (.17) 
Distributions from net realized gain (.05) (.14) 
Total distributions (.05) (.31) 
Net asset value, end of period $10.75 $8.44 
Total ReturnC 28.07% (13.16)% 
Ratios to Average Net AssetsD   
Expenses before reductions .34%E .34%E 
Expenses net of fee waivers, if any .34%E .34%E 
Expenses net of all reductions .34%E .34%E 
Net investment income (loss) .31%E 2.24%E 
Supplemental Data   
Net assets, end of period (000 omitted) $125 $97 
Portfolio turnover rateF 60%E 29%E 

 A For the period June 28, 2019 (commencement of operations) to March 31, 2020.

 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, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 E Annualized

 F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2020

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, Fidelity Freedom Blend 2060 Fund and Fidelity Freedom Blend 2065 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. 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.

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 the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.

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 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 – Investment 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 open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. The aggregate value of investments by input level as of September 30, 2020 is included at the end of each 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. Income and capital gain distributions from any underlying mutual funds or exchange-traded funds (ETFs) 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 any underlying mutual funds or exchange-traded funds (ETFs). Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of any underlying mutual funds or exchange-traded funds (ETFs) expenses through the impact of these expenses on each underlying mutual fund's or exchange-traded fund's (ETFs) NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are 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 $52,469,140 $2,952,066 $(338,217) $2,613,849 
Fidelity Freedom Blend 2005 Fund 20,168,446 1,168,010 (190,793) 977,217 
Fidelity Freedom Blend 2010 Fund 73,318,760 4,572,996 (847,701) 3,725,295 
Fidelity Freedom Blend 2015 Fund 215,178,728 15,170,364 (3,048,515) 12,121,849 
Fidelity Freedom Blend 2020 Fund 650,469,793 48,034,730 (10,945,037) 37,089,693 
Fidelity Freedom Blend 2025 Fund 927,969,704 69,193,126 (16,862,732) 52,330,394 
Fidelity Freedom Blend 2030 Fund 934,523,705 71,496,521 (19,543,660) 51,952,861 
Fidelity Freedom Blend 2035 Fund 848,607,284 65,674,463 (22,026,271) 43,648,192 
Fidelity Freedom Blend 2040 Fund 750,929,966 59,747,089 (21,272,669) 38,474,420 
Fidelity Freedom Blend 2045 Fund 641,338,736 51,278,250 (18,114,625) 33,163,625 
Fidelity Freedom Blend 2050 Fund 517,499,751 42,319,390 (13,817,093) 28,502,297 
Fidelity Freedom Blend 2055 Fund 269,857,775 22,670,225 (6,598,698) 16,071,527 
Fidelity Freedom Blend 2060 Fund 83,939,111 7,318,986 (1,824,939) 5,494,047 
Fidelity Freedom Blend 2065 Fund 5,644,323 427,833 (122,158) 305,675 

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 Blend Income Fund 19,095,814 11,074,222 
Fidelity Freedom Blend 2005 Fund 7,962,820 3,099,346 
Fidelity Freedom Blend 2010 Fund 23,342,958 11,212,431 
Fidelity Freedom Blend 2015 Fund 58,194,480 38,609,528 
Fidelity Freedom Blend 2020 Fund 185,996,628 113,473,223 
Fidelity Freedom Blend 2025 Fund 303,123,326 134,032,089 
Fidelity Freedom Blend 2030 Fund 307,222,804 135,412,448 
Fidelity Freedom Blend 2035 Fund 241,768,025 111,482,049 
Fidelity Freedom Blend 2040 Fund 185,624,548 87,113,204 
Fidelity Freedom Blend 2045 Fund 159,095,360 73,528,187 
Fidelity Freedom Blend 2050 Fund 137,438,792 57,972,276 
Fidelity Freedom Blend 2055 Fund 84,046,491 29,006,759 
Fidelity Freedom Blend 2060 Fund 32,356,194 8,728,404 
Fidelity Freedom Blend 2065 Fund 3,942,797 1,293,932 

5. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) 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 .48% .38% 
Fidelity Freedom Blend 2020 Fund .49% .39% 
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% 
Fidelity Freedom Blend 2065 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 (Classes 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 .28% 
Fidelity Freedom Blend 2020 Fund .29% 
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% 
Fidelity Freedom Blend 2065 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 Company LLC (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% $1,396 $195 
Class M .25% .25% 434 232 
Class C .75% .25% 1,297 542 
   $3,127 $969 
Fidelity Freedom Blend 2005 Fund     
Class A -% .25% $360 $137 
Class M .25% .25% 308 271 
Class C .75% .25% 1,391 627 
   $2,059 $1,035 
Fidelity Freedom Blend 2010 Fund     
Class A -% .25% $782 $112 
Class M .25% .25% 816 269 
Class C .75% .25% 785 669 
   $2,383 $1,050 
Fidelity Freedom Blend 2015 Fund     
Class A -% .25% $680 $97 
Class M .25% .25% 294 270 
Class C .75% .25% 3,139 2,641 
   $4,113 $3,008 
Fidelity Freedom Blend 2020 Fund     
Class A -% .25% $2,439 $138 
Class M .25% .25% 952 330 
Class C .75% .25% 3,325 1,000 
   $6,716 $1,468 
Fidelity Freedom Blend 2025 Fund     
Class A -% .25% $2,696 $237 
Class M .25% .25% 3,218 214 
Class C .75% .25% 4,105 2,172 
   $10,019 $2,623 
Fidelity Freedom Blend 2030 Fund     
Class A -% .25% $2,499 $196 
Class M .25% .25% 3,116 356 
Class C .75% .25% 10,057 4,557 
   $15,672 $5,109 
Fidelity Freedom Blend 2035 Fund     
Class A -% .25% $1,550 $134 
Class M .25% .25% 926 254 
Class C .75% .25% 2,643 1,156 
   $5,119 $1,544 
Fidelity Freedom Blend 2040 Fund     
Class A -% .25% $1,544 $142 
Class M .25% .25% 1,140 237 
Class C .75% .25% 3,572 1,674 
   $6,256 $2,053 
Fidelity Freedom Blend 2045 Fund     
Class A -% .25% $1,427 $195 
Class M .25% .25% 3,172 248 
Class C .75% .25% 2,600 1,696 
   $7,199 $2,139 
Fidelity Freedom Blend 2050 Fund     
Class A -% .25% $1,248 $193 
Class M .25% .25% 1,010 246 
Class C .75% .25% 3,081 2,268 
   $5,339 $2,707 
Fidelity Freedom Blend 2055 Fund     
Class A -% .25% $797 $173 
Class M .25% .25% 884 313 
Class C .75% .25% 1,067 931 
   $2,748 $1,417 
Fidelity Freedom Blend 2060 Fund     
Class A -% .25% $898 $139 
Class M .25% .25% 570 263 
Class C .75% .25% 1,496 1,304 
   $2,964 $1,706 
Fidelity Freedom Blend 2065 Fund     
Class A -% .25% $263 $143 
Class M .25% .25% 562 283 
Class C .75% .25% 1,047 836 
   $1,872 $1,262 

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 $398 
Class M 20 
 $418 
Fidelity Freedom Blend 2005 Fund  
Class A $22 
 $22 
Fidelity Freedom Blend 2010 Fund  
Class A $16 
Class M 
 $17 
Fidelity Freedom Blend 2015 Fund  
Class A $9 
Class M 
 $13 
Fidelity Freedom Blend 2020 Fund  
Class A $363 
Class M 26 
Class C(a) 29 
 $418 
Fidelity Freedom Blend 2025 Fund  
Class A $2,907 
Class M 631 
Class C(a) 62 
 $3,600 
Fidelity Freedom Blend 2030 Fund  
Class A $1,518 
Class M 782 
Class C(a) 198 
 $2,498 
Fidelity Freedom Blend 2035 Fund  
Class A $1,412 
Class M 282 
Class C(a) 100 
 $1,794 
Fidelity Freedom Blend 2040 Fund  
Class A $2,121 
Class M 191 
Class C(a) 48 
 $2,360 
Fidelity Freedom Blend 2045 Fund  
Class A $1,696 
Class M 219 
Class C(a) 27 
 $1,942 
Fidelity Freedom Blend 2050 Fund  
Class A $1,944 
Class M 485 
Class C(a) 559 
 $2,988 
Fidelity Freedom Blend 2055 Fund  
Class A $995 
Class M 569 
 $1,564 
Fidelity Freedom Blend 2060 Fund  
Class A $1,115 
Class M 335 
Class C(a) 20 
 $1,470 
Fidelity Freedom Blend 2065 Fund  
Class M $87 
 $87 

 (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. 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.

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 each applicable Fund's or class' expenses. All of the applicable expense reductions are noted in the table below.

 Custodian credits Transfer Agent credits 
Fidelity Freedom Blend Income Fund   
Class M $ – $ 4 
 $ – $ 4 
Fidelity Freedom Blend 2010 Fund   
Class A $ – $ 1 
 $ – $ 1 
Fidelity Freedom Blend 2020 Fund   
Class A $ – $11 
Class C – 107 
Class K6 – 
 $4 $118 
Fidelity Freedom Blend 2025 Fund   
Class C $ – $9 
 $ – $9 
Fidelity Freedom Blend 2030 Fund   
Class M $ – $13
 
Class C – 20 
Class K6 – 
 $3 $33 
Fidelity Freedom Blend 2035 Fund   
Class A $ – $ 61 
 $ – $ 61 
Fidelity Freedom Blend 2045 Fund   
Class M $ – $ 1 
 $ – $ 1 
Fidelity Freedom Blend 2050 Fund   
Class C $ –  $5 
 $ –  $ 5 
Fidelity Freedom Blend 2060 Fund   
Class A $ –  $ 1 
 $ –  $ 1 

7. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2020 
Year ended
March 31, 2020 
Fidelity Freedom Blend Income Fund   
Distributions to shareholders   
Class A $5,748 $8,738 
Class M 728 5,134 
Class C 731 2,540 
Fidelity Freedom Blend Income Fund 23,199 32,325 
Class K 3,034 6,526 
Class K6 342,240 775,253 
Class I 2,270 2,636 
Class Z 2,179 2,493 
Class Z6 1,175 2,650 
Total $381,304 $838,295 
Fidelity Freedom Blend 2005 Fund   
Distributions to shareholders   
Class A $1,840 $5,423 
Class M 592 1,990 
Class C 1,674 2,254 
Fidelity Freedom Blend 2005 Fund 8,488 23,445 
Class K 1,407 3,270 
Class K6 99,961 300,610 
Class I 5,440 12,666 
Class Z 792 2,484 
Class Z6 848 2,587 
Total $121,042 $354,729 
Fidelity Freedom Blend 2010 Fund   
Distributions to shareholders   
Class A $6,341 $4,117 
Class M 2,365 3,946 
Class C 745 2,008 
Fidelity Freedom Blend 2010 Fund 23,021 36,055 
Class K 58,950 166,144 
Class K6 465,734 1,219,643 
Class I 5,493 7,112 
Class Z 949 2,428 
Class Z6 2,866 2,622 
Total $566,464 $1,444,075 
Fidelity Freedom Blend 2015 Fund   
Distributions to shareholders   
Class A $5,557 $10,755 
Class M 995 2,598 
Class C 4,927 3,226 
Fidelity Freedom Blend 2015 Fund 92,165 138,729 
Class K 67,225 159,590 
Class K6 1,837,151 4,932,297 
Class I 49,638 95,192 
Class Z 1,088 2,853 
Class Z6 7,705 8,995 
Total $2,066,451 $5,354,235 
Fidelity Freedom Blend 2020 Fund   
Distributions to shareholders   
Class A $15,578 $52,543 
Class M 2,552 4,631 
Class C 6,121 13,577 
Fidelity Freedom Blend 2020 Fund 227,006 229,606 
Class K 276,897 809,512 
Class K6 5,909,470 15,685,257 
Class I 71,813 88,111 
Class Z 1,437 3,071 
Class Z6 21,432 6,382 
Total $6,532,306 $16,892,690 
Fidelity Freedom Blend 2025 Fund   
Distributions to shareholders   
Class A $17,140 $40,279 
Class M 8,391 8,783 
Class C 5,839 11,457 
Fidelity Freedom Blend 2025 Fund 232,260 213,672 
Class K 259,770 799,085 
Class K6 7,186,707 21,003,005 
Class I 208,606 174,303 
Class Z 1,042 3,260 
Class Z6 43,074 12,966 
Total $7,962,829 $22,266,810 
Fidelity Freedom Blend 2030 Fund   
Distributions to shareholders   
Class A $16,410 $34,389 
Class M 9,320 19,154 
Class C 19,266 12,929 
Fidelity Freedom Blend 2030 Fund 194,428 162,703 
Class K 248,706 769,504 
Class K6 7,546,094 21,676,270 
Class I 194,987 159,079 
Class Z 1,942 3,704 
Class Z6 46,891 18,455 
Total $8,278,044 $22,856,187 
Fidelity Freedom Blend 2035 Fund   
Distributions to shareholders   
Class A $10,240 $32,283 
Class M 3,497 8,010 
Class C 4,249 8,722 
Fidelity Freedom Blend 2035 Fund 205,876 134,952 
Class K 206,030 598,323 
Class K6 8,042,871 22,128,385 
Class I 129,776 113,319 
Class Z 3,032 9,587 
Class Z6 30,630 10,154 
Total $8,636,201 $23,043,735 
Fidelity Freedom Blend 2040 Fund   
Distributions to shareholders   
Class A $10,050 $19,594 
Class M 4,130 5,585 
Class C 5,648 10,160 
Fidelity Freedom Blend 2040 Fund 207,677 121,223 
Class K 203,408 516,568 
Class K6 7,170,709 19,412,655 
Class I 76,892 81,386 
Class Z 1,173 3,583 
Class Z6 21,242 5,310 
Total $7,700,929 $20,176,064 
Fidelity Freedom Blend 2045 Fund   
Distributions to shareholders   
Class A $11,359 $27,494 
Class M 13,030 7,045 
Class C 3,571 6,265 
Fidelity Freedom Blend 2045 Fund 148,179 68,591 
Class K 180,799 461,012 
Class K6 6,127,549 16,369,836 
Class I 66,878 88,782 
Class Z 1,237 3,619 
Class Z6 16,053 5,334 
Total $6,568,655 $17,037,978 
Fidelity Freedom Blend 2050 Fund   
Distributions to shareholders   
Class A $8,056 $19,819 
Class M 3,632 8,625 
Class C 5,816 9,876 
Fidelity Freedom Blend 2050 Fund 128,193 60,239 
Class K 103,798 308,941 
Class K6 4,612,080 11,994,804 
Class I 41,900 96,721 
Class Z 1,102 3,453 
Class Z6 26,450 4,367 
Total $4,931,027 $12,506,845 
Fidelity Freedom Blend 2055 Fund   
Distributions to shareholders   
Class A $4,489 $11,061 
Class M 2,658 4,435 
Class C 1,654 4,029 
Fidelity Freedom Blend 2055 Fund 59,989 22,905 
Class K 51,362 153,497 
Class K6 1,936,039 4,851,114 
Class I 20,536 50,084 
Class Z 929 3,206 
Class Z6 8,219 5,156 
Total $2,085,875 $5,105,487 
Fidelity Freedom Blend 2060 Fund   
Distributions to shareholders   
Class A $4,154 $12,880 
Class M 1,460 4,107 
Class C 1,914 4,470 
Fidelity Freedom Blend 2060 Fund 24,386 29,908 
Class K 10,493 38,953 
Class K6 402,696 1,010,306 
Class I 9,268 25,016 
Class Z 706 3,118 
Class Z6 3,565 3,250 
Total $458,642 $1,132,008 
Fidelity Freedom Blend 2065 Fund   
Distributions to shareholders(a)   
Class A $1,059 $4,538 
Class M 1,058 3,736 
Class C 984 4,126 
Fidelity Freedom Blend 2065 Fund 3,054 7,111 
Class K 710 3,966 
Class K6 9,434 9,439 
Class I 850 3,337 
Class Z 583 3,344 
Class Z6 588 3,400 
Total $18,320 $42,997 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 
 Six months ended September 30, 2020 Year ended March 31, 2020 Six months ended September 30, 2020 Year ended March 31, 2020 
Fidelity Freedom Blend Income Fund     
Class A     
Shares sold 71,051 62,555 $741,302 $638,682 
Reinvestment of distributions 557 843 5,747 8,738 
Shares redeemed (10,671) (3,991) (113,899) (40,199) 
Net increase (decrease) 60,937 59,407 $633,150 $607,221 
Class M     
Shares sold 1,127 26,230 $11,446 $269,516 
Reinvestment of distributions 71 495 728 5,135 
Shares redeemed – (21,272) – (214,074) 
Net increase (decrease) 1,198 5,453 $12,174 $60,577 
Class C     
Shares sold 50,627 12,316 $538,333 $127,258 
Reinvestment of distributions 72 245 731 2,540 
Shares redeemed (2,513) (1,986) (25,791) (20,608) 
Net increase (decrease) 48,186 10,575 $513,273 $109,190 
Fidelity Freedom Blend Income Fund     
Shares sold 169,606 422,104 $1,775,221 $4,378,184 
Reinvestment of distributions 2,242 3,109 23,170 32,325 
Shares redeemed (102,196) (189,533) (1,086,408) (1,961,292) 
Net increase (decrease) 69,652 235,680 $711,983 $2,449,217 
Class K     
Shares sold 4,895 29,755 $51,299 $309,910 
Reinvestment of distributions 294 628 3,034 6,526 
Shares redeemed (7,649) (113) (79,615) (1,186) 
Net increase (decrease) (2,460) 30,270 $(25,282) $315,250 
Class K6     
Shares sold 1,253,980 4,799,951 $13,200,007 $48,890,496 
Reinvestment of distributions 33,083 74,806 342,240 775,252 
Shares redeemed (825,106) (1,147,013) (8,715,597) (11,817,975) 
Net increase (decrease) 461,957 3,727,744 $4,826,650 $37,847,773 
Class I     
Shares sold 39,771 15,112 $429,760 $157,824 
Reinvestment of distributions 218 254 2,270 2,636 
Shares redeemed (1,837) (1,325) (19,454) (13,883) 
Net increase (decrease) 38,152 14,041 $412,576 $146,577 
Class Z     
Shares sold 111,413 – $1,199,397 $– 
Reinvestment of distributions 90 241 940 2,493 
Shares redeemed (24,820) – (267,018) – 
Net increase (decrease) 86,683 241 $933,319 $2,493 
Class Z6     
Shares sold 444 5,361 $4,706 $56,499 
Reinvestment of distributions 114 256 1,174 2,650 
Shares redeemed (4,985) (379) (52,280) (3,907) 
Net increase (decrease) (4,427) 5,238 $(46,400) $55,242 
Fidelity Freedom Blend 2005 Fund     
Class A     
Shares sold 2,586 11,122 $27,084 $112,529 
Reinvestment of distributions 182 521 1,840 5,424 
Shares redeemed (934) (3,711) (9,610) (36,690) 
Net increase (decrease) 1,834 7,932 $19,314 $81,263 
Class M     
Shares sold 1,019 4,369 $10,282 $45,521 
Reinvestment of distributions 58 191 592 1,991 
Shares redeemed – (3,754) – (37,013) 
Net increase (decrease) 1,077 806 $10,874 $10,499 
Class C     
Shares sold 1,582 16,140 $16,190 $161,085 
Reinvestment of distributions 166 217 1,674 2,254 
Shares redeemed (4,267) (419) (45,827) (4,103) 
Net increase (decrease) (2,519) 15,938 $(27,963) $159,236 
Fidelity Freedom Blend 2005 Fund     
Shares sold 49,856 279,891 $532,044 $2,857,879 
Reinvestment of distributions 838 2,253 8,488 23,445 
Shares redeemed (16,726) (179,100) (177,585) (1,816,731) 
Net increase (decrease) 33,968 103,044 $362,947 $1,064,593 
Class K     
Shares sold 42,736 7,581 $459,114 $76,208 
Reinvestment of distributions 139 314 1,407 3,271 
Shares redeemed (8,248) (21) (85,903) (201) 
Net increase (decrease) 34,627 7,874 $374,618 $79,278 
Class K6     
Shares sold 554,798 1,882,369 $5,790,429 $19,120,279 
Reinvestment of distributions 9,858 28,850 99,961 300,610 
Shares redeemed (184,448) (813,267) (1,940,475) (8,297,598) 
Net increase (decrease) 380,208 1,097,952 $3,949,915 $11,123,291 
Class I     
Shares sold 12,629 61,852 $132,297 $643,522 
Reinvestment of distributions 537 1,215 5,440 12,666 
Shares redeemed (15,759) (3,132) (163,477) (32,974) 
Net increase (decrease) (2,593) 59,935 $(25,740) $623,214 
Class Z     
Shares sold 20,032 – $216,014 $– 
Reinvestment of distributions 78 238 791 2,484 
Shares redeemed (8,024) – (86,558) – 
Net increase (decrease) 12,086 238 $130,247 $2,484 
Class Z6     
Shares sold 99 448 $1,077 $4,680 
Reinvestment of distributions 84 248 848 2,587 
Shares redeemed (1) (1) (15) (7) 
Net increase (decrease) 182 695 $1,910 $7,260 
Fidelity Freedom Blend 2010 Fund     
Class A     
Shares sold 50,085 5,025 $498,669 $50,531 
Reinvestment of distributions 635 394 6,341 4,117 
Shares redeemed (5,028) (2,458) (51,945) (22,933) 
Net increase (decrease) 45,692 2,961 $453,065 $31,715 
Class M     
Shares sold 6,019 16,393 $60,693 $168,719 
Reinvestment of distributions 237 378 2,366 3,946 
Shares redeemed – (2,618) – (24,213) 
Net increase (decrease) 6,256 14,153 $63,059 $148,452 
Class C     
Shares sold 10,048 1,860 $105,444 $19,066 
Reinvestment of distributions 75 192 745 2,007 
Shares redeemed (1,901) – (18,825) – 
Net increase (decrease) 8,222 2,052 $87,364 $21,073 
Fidelity Freedom Blend 2010 Fund     
Shares sold 162,883 347,271 $1,683,742 $3,601,555 
Reinvestment of distributions 2,304 3,451 23,021 36,055 
Shares redeemed (46,780) (137,893) (488,737) (1,430,093) 
Net increase (decrease) 118,407 212,829 $1,218,026 $2,207,517 
Class K     
Shares sold 7,369 659,888 $77,043 $6,824,771 
Reinvestment of distributions 5,895 15,884 58,950 166,144 
Shares redeemed (26,765) (32,064) (275,420) (329,148) 
Net increase (decrease) (13,501) 643,708 $(139,427) $6,661,767 
Class K6     
Shares sold 1,385,338 6,005,660 $14,424,379 $60,620,115 
Reinvestment of distributions 46,527 116,622 465,734 1,219,643 
Shares redeemed (542,987) (1,315,490) (5,686,977) (13,382,189) 
Net increase (decrease) 888,878 4,806,792 $9,203,136 $48,457,569 
Class I     
Shares sold 30,589 37,258 $306,248 $387,686 
Reinvestment of distributions 549 680 5,493 7,112 
Shares redeemed (8,035) (1,271) (84,586) (13,355) 
Net increase (decrease) 23,103 36,667 $227,155 $381,443 
Class Z     
Shares sold 4,155 – $44,463 $– 
Reinvestment of distributions 95 232 949 2,427 
Net increase (decrease) 4,250 232 $45,412 $2,427 
Class Z6     
Shares sold 59,494 33,688 $643,600 $356,908 
Reinvestment of distributions 286 250 2,866 2,623 
Shares redeemed (168) (14,537) (1,710) (152,360) 
Net increase (decrease) 59,612 19,401 $644,756 $207,171 
Fidelity Freedom Blend 2015 Fund     
Class A     
Shares sold 21,990 28,250 $216,767 $293,223 
Reinvestment of distributions 565 837 5,557 8,766 
Shares redeemed (2,766) (12,078) (28,495) (114,023) 
Net increase (decrease) 19,789 17,009 $193,829 $187,966 
Class M     
Shares sold 60 889 $639 $9,027 
Reinvestment of distributions 101 248 995 2,598 
Shares redeemed (6) – (60) – 
Net increase (decrease) 155 1,137 $1,574 $11,625 
Class C     
Shares sold 15,173 36,356 $149,209 $359,968 
Reinvestment of distributions 503 309 4,926 3,226 
Shares redeemed (97) (1,494) (990) (15,824) 
Net increase (decrease) 15,579 35,171 $153,145 $347,370 
Fidelity Freedom Blend 2015 Fund     
Shares sold 307,461 1,342,090 $3,185,031 $13,848,094 
Reinvestment of distributions 9,355 13,245 92,146 138,673 
Shares redeemed (438,697) (508,223) (4,607,050) (5,227,808) 
Net increase (decrease) (121,881) 847,112 $(1,329,873) $8,758,959 
Class K     
Shares sold 47,631 807,937 $499,011 $8,362,163 
Reinvestment of distributions 6,818 15,228 67,225 159,590 
Shares redeemed (221,593) (183,022) (2,247,255) (1,891,984) 
Net increase (decrease) (167,144) 640,143 $(1,681,019) $6,629,769 
Class K6     
Shares sold 3,563,763 19,726,381 $36,511,287 $198,186,726 
Reinvestment of distributions 185,946 470,564 1,837,151 4,932,297 
Shares redeemed (1,867,758) (3,853,351) (19,312,619) (39,415,063) 
Net increase (decrease) 1,881,951 16,343,594 $19,035,819 $163,703,960 
Class I     
Shares sold 180,651 372,907 $1,832,871 $3,909,828 
Reinvestment of distributions 5,045 9,101 49,638 95,191 
Shares redeemed (59,488) (11,553) (631,983) (114,498) 
Net increase (decrease) 126,208 370,455 $1,250,526 $3,890,521 
Class Z     
Reinvestment of distributions 110 272 $1,088 $2,853 
Net increase (decrease) 110 272 $1,088 $2,853 
Class Z6     
Shares sold 98,389 77,326 $1,072,995 $792,258 
Reinvestment of distributions 781 858 7,705 8,996 
Shares redeemed (24,604) (17,875) (264,125) (168,239) 
Net increase (decrease) 74,566 60,309 $816,575 $633,015 
Fidelity Freedom Blend 2020 Fund     
Class A     
Shares sold 113,939 210,830 $1,182,927 $2,137,244 
Reinvestment of distributions 1,593 4,985 15,578 52,542 
Shares redeemed (52,475) (153,051) (559,018) (1,532,924) 
Net increase (decrease) 63,057 62,764 $639,487 $656,862 
Class M     
Shares sold 28,994 22,771 $305,945 $238,437 
Reinvestment of distributions 261 439 2,552 4,631 
Shares redeemed (1,947) (5,246) (18,834) (51,676) 
Net increase (decrease) 27,308 17,964 $289,663 $191,392 
Class C     
Shares sold 34,703 32,007 $348,920 $327,258 
Reinvestment of distributions 628 1,291 6,121 13,577 
Shares redeemed (6,316) (27,669) (65,560) (294,717) 
Net increase (decrease) 29,015 5,629 $289,481 $46,118 
Fidelity Freedom Blend 2020 Fund     
Shares sold 1,420,155 3,071,141 $14,921,079 $31,827,871 
Reinvestment of distributions 23,211 21,350 227,003 225,245 
Shares redeemed (1,091,595) (1,155,853) (11,502,233) (11,831,997) 
Net increase (decrease) 351,771 1,936,638 $3,645,849 $20,221,119 
Class K     
Shares sold 265,329 2,837,630 $2,804,362 $29,553,993 
Reinvestment of distributions 28,255 76,658 276,897 809,512 
Shares redeemed (691,475) (411,861) (7,011,735) (4,345,988) 
Net increase (decrease) (397,891) 2,502,427 $(3,930,476) $26,017,517 
Class K6     
Shares sold 12,062,207 58,938,931 $122,388,720 $593,707,590 
Reinvestment of distributions 601,779 1,483,753 5,909,469 15,685,257 
Shares redeemed (6,171,114) (11,477,811) (64,161,504) (117,101,198) 
Net increase (decrease) 6,492,872 48,944,873 $64,136,685 $492,291,649 
Class I     
Shares sold 248,682 589,216 $2,549,426 $6,185,794 
Reinvestment of distributions 7,335 8,344 71,812 88,112 
Shares redeemed (90,968) (54,803) (925,254) (521,841) 
Net increase (decrease) 165,049 542,757 $1,695,984 $5,752,065 
Class Z     
Shares sold – 2,526 $– $27,000 
Reinvestment of distributions 133 290 1,302 3,071 
Net increase (decrease) 133 2,816 $1,302 $30,071 
Class Z6     
Shares sold 104,846 447,539 $1,131,750 $4,712,064 
Reinvestment of distributions 2,183 603 21,432 6,382 
Shares redeemed (7,180) (266,580) (72,176) (2,446,908) 
Net increase (decrease) 99,849 181,562 $1,081,006 $2,271,538 
Fidelity Freedom Blend 2025 Fund     
Class A     
Shares sold 111,808 219,652 $1,137,927 $2,222,602 
Reinvestment of distributions 1,780 3,840 17,139 40,279 
Shares redeemed (33,456) (53,075) (318,665) (530,975) 
Net increase (decrease) 80,132 170,417 $836,401 $1,731,906 
Class M     
Shares sold 58,455 75,724 $599,426 $798,245 
Reinvestment of distributions 867 833 8,391 8,782 
Shares redeemed (4,449) (55,530) (45,640) (565,093) 
Net increase (decrease) 54,873 21,027 $562,177 $241,934 
Class C     
Shares sold 56,733 32,708 $563,804 $320,137 
Reinvestment of distributions 609 1,095 5,839 11,456 
Shares redeemed (17,538) (12,041) (178,528) (121,855) 
Net increase (decrease) 39,804 21,762 $391,115 $209,738 
Fidelity Freedom Blend 2025 Fund     
Shares sold 1,175,315 2,937,252 $11,987,959 $30,409,391 
Reinvestment of distributions 23,542 20,195 226,942 211,842 
Shares redeemed (752,544) (790,375) (7,522,167) (8,102,956) 
Net increase (decrease) 446,313 2,167,072 $4,692,734 $22,518,277 
Class K     
Shares sold 255,168 3,101,173 $2,649,069 $31,910,064 
Reinvestment of distributions 26,919 76,103 259,770 799,085 
Shares redeemed (600,644) (549,601) (6,046,256) (5,393,857) 
Net increase (decrease) (318,557) 2,627,675 $(3,137,417) $27,315,292 
Class K6     
Shares sold 19,739,506 70,458,538 $198,046,412 $703,260,058 
Reinvestment of distributions 743,196 1,997,769 7,186,707 21,003,005 
Shares redeemed (6,193,851) (8,245,281) (63,693,714) (81,859,127) 
Net increase (decrease) 14,288,851 64,211,026 $141,539,405 $642,403,936 
Class I     
Shares sold 1,631,627 909,969 $16,003,687 $9,435,701 
Reinvestment of distributions 21,662 16,616 208,606 174,302 
Shares redeemed (193,196) (92,290) (1,961,204) (947,828) 
Net increase (decrease) 1,460,093 834,295 $14,251,089 $8,662,175 
Class Z     
Reinvestment of distributions 108 310 $1,042 $3,260 
Net increase (decrease) 108 310 $1,042 $3,260 
Class Z6     
Shares sold 128,241 443,762 $1,396,519 $4,623,109 
Reinvestment of distributions 4,459 1,234 43,074 12,965 
Shares redeemed (84,547) (43,344) (894,941) (446,904) 
Net increase (decrease) 48,153 401,652 $544,652 $4,189,170 
Fidelity Freedom Blend 2030 Fund     
Class A     
Shares sold 118,080 222,484 $1,153,965 $2,218,980 
Reinvestment of distributions 1,744 3,300 16,410 34,389 
Shares redeemed (70,324) (89,605) (677,191) (829,687) 
Net increase (decrease) 49,500 136,179 $493,184 $1,423,682 
Class M     
Shares sold 26,676 212,482 $266,119 $2,218,002 
Reinvestment of distributions 990 1,840 9,320 19,154 
Shares redeemed (4,185) (120,923) (42,323) (1,251,910) 
Net increase (decrease) 23,481 93,399 $233,116 $985,246 
Class C     
Shares sold 158,172 96,524 $1,548,204 $852,234 
Reinvestment of distributions 2,056 1,243 19,266 12,929 
Shares redeemed (66,495) (12,142) (683,022) (123,032) 
Net increase (decrease) 93,733 85,625 $884,448 $742,131 
Fidelity Freedom Blend 2030 Fund     
Shares sold 698,845 2,219,255 $7,104,985 $22,724,146 
Reinvestment of distributions 20,630 15,582 194,335 162,525 
Shares redeemed (508,824) (282,422) (5,034,458) (2,812,945) 
Net increase (decrease) 210,651 1,952,415 $2,264,862 $20,073,726 
Class K     
Shares sold 283,569 2,663,047 $2,876,051 $26,975,778 
Reinvestment of distributions 26,374 73,778 248,706 769,504 
Shares redeemed (439,290) (295,302) (4,315,282) (2,979,983) 
Net increase (decrease) (129,347) 2,441,523 $(1,190,525) $24,765,299 
Class K6     
Shares sold 19,127,408 71,449,167 $188,227,278 $703,759,303 
Reinvestment of distributions 798,528 2,075,308 7,546,094 21,676,270 
Shares redeemed (4,784,727) (6,220,182) (48,420,176) (60,775,687) 
Net increase (decrease) 15,141,209 67,304,293 $147,353,196 $664,659,886 
Class I     
Shares sold 1,229,336 1,330,677 $12,125,444 $13,669,900 
Reinvestment of distributions 20,699 15,252 194,987 159,078 
Shares redeemed (182,211) (162,714) (1,825,685) (1,623,820) 
Net increase (decrease) 1,067,824 1,183,215 $10,494,746 $12,205,158 
Class Z     
Shares sold 2,759 5,262 $25,191 $55,731 
Reinvestment of distributions 205 355 1,942 3,705 
Net increase (decrease) 2,964 5,617 $27,133 $59,436 
Class Z6     
Shares sold 152,085 456,774 $1,632,258 $4,726,736 
Reinvestment of distributions 4,962 1,766 46,890 18,455 
Shares redeemed (163,466) (52,856) (1,696,252) (476,266) 
Net increase (decrease) (6,419) 405,684 $(17,104) $4,268,925 
Fidelity Freedom Blend 2035 Fund     
Class A     
Shares sold 68,215 74,994 $687,269 $759,705 
Reinvestment of distributions 1,118 3,098 10,240 32,283 
Shares redeemed (12,186) (21,952) (122,546) (212,265) 
Net increase (decrease) 57,147 56,140 $574,963 $579,723 
Class M     
Shares sold 12,822 35,509 $130,158 $361,165 
Reinvestment of distributions 382 769 3,497 8,010 
Shares redeemed (91) (20,415) (961) (213,271) 
Net increase (decrease) 13,113 15,863 $132,694 $155,904 
Class C     
Shares sold 53,029 11,572 $526,724 $114,935 
Reinvestment of distributions 466 838 4,249 8,721 
Shares redeemed (5,254) (1,519) (50,970) (15,601) 
Net increase (decrease) 48,241 10,891 $480,003 $108,055 
Fidelity Freedom Blend 2035 Fund     
Shares sold 650,895 1,936,875 $6,517,435 $19,814,978 
Reinvestment of distributions 22,415 12,930 205,546 134,860 
Shares redeemed (181,656) (321,953) (1,866,480) (3,252,705) 
Net increase (decrease) 491,654 1,627,852 $4,856,501 $16,697,133 
Class K     
Shares sold 200,713 1,894,188 $2,028,379 $18,850,169 
Reinvestment of distributions 22,468 57,311 206,030 598,323 
Shares redeemed (476,884) (75,633) (4,524,385) (760,821) 
Net increase (decrease) (253,703) 1,875,866 $(2,289,976) $18,687,671 
Class K6     
Shares sold 15,523,041 68,941,798 $150,131,811 $674,125,737 
Reinvestment of distributions 875,176 2,118,650 8,042,871 22,128,385 
Shares redeemed (4,921,660) (6,081,849) (48,885,491) (58,379,394) 
Net increase (decrease) 11,476,557 64,978,599 $109,289,191 $637,874,728 
Class I     
Shares sold 615,276 802,010 $5,632,357 $8,214,796 
Reinvestment of distributions 14,168 10,865 129,776 113,319 
Shares redeemed (143,320) (138,887) (1,333,390) (1,371,432) 
Net increase (decrease) 486,124 673,988 $4,428,743 $6,956,683 
Class Z     
Shares sold – 15,166 $– $152,875 
Reinvestment of distributions 330 918 3,032 9,587 
Net increase (decrease) 330 16,084 $3,032 $162,462 
Class Z6     
Shares sold 79,075 274,462 $817,397 $2,848,481 
Reinvestment of distributions 3,337 972 30,630 10,155 
Shares redeemed (32,046) (32,970) (322,275) (309,622) 
Net increase (decrease) 50,366 242,464 $525,752 $2,549,014 
Fidelity Freedom Blend 2040 Fund     
Class A     
Shares sold 72,866 60,630 $692,612 $596,550 
Reinvestment of distributions 1,115 1,884 10,050 19,594 
Shares redeemed (4,375) (5,252) (41,965) (54,714) 
Net increase (decrease) 69,606 57,262 $660,697 $561,430 
Class M     
Shares sold 16,543 38,917 $163,141 $406,464 
Reinvestment of distributions 458 536 4,130 5,585 
Shares redeemed (97) (14,723) (1,020) (138,164) 
Net increase (decrease) 16,904 24,730 $166,251 $273,885 
Class C     
Shares sold 62,676 24,274 $600,723 $235,367 
Reinvestment of distributions 630 978 5,648 10,160 
Shares redeemed (9,879) (3,808) (92,228) (38,081) 
Net increase (decrease) 53,427 21,444 $514,143 $207,446 
Fidelity Freedom Blend 2040 Fund     
Shares sold 453,343 1,965,272 $4,436,296 $20,064,811 
Reinvestment of distributions 22,995 11,629 207,647 121,169 
Shares redeemed (185,996) (212,164) (1,770,526) (2,040,180) 
Net increase (decrease) 290,342 1,764,737 $2,873,417 $18,145,800 
Class K     
Shares sold 183,247 1,855,388 $1,816,117 $18,520,673 
Reinvestment of distributions 22,501 49,527 203,408 516,568 
Shares redeemed (720,745) (82,653) (6,872,003) (837,026) 
Net increase (decrease) (514,997) 1,822,262 $(4,852,478) $18,200,215 
Class K6     
Shares sold 12,466,791 62,771,495 $118,803,764 $609,899,447 
Reinvestment of distributions 792,344 1,860,502 7,170,709 19,412,656 
Shares redeemed (4,353,570) (4,823,088) (42,768,558) (46,032,380) 
Net increase (decrease) 8,905,565 59,808,909 $83,205,915 $583,279,723 
Class I     
Shares sold 440,437 573,473 $4,295,292 $5,791,422 
Reinvestment of distributions 8,515 7,811 76,892 81,387 
Shares redeemed (68,730) (103,563) (664,942) (1,078,530) 
Net increase (decrease) 380,222 477,721 $3,707,242 $4,794,279 
Class Z     
Reinvestment of distributions 130 343 $1,173 3,583 
Net increase (decrease) 130 343 $1,173 $3,583 
Class Z6     
Shares sold 31,221 216,662 $319,521 $2,260,493 
Reinvestment of distributions 2,345 508 21,242 5,310 
Shares redeemed (55,887) (60,449) (562,550) (573,566) 
Net increase (decrease) (22,321) 156,721 $(221,787) $1,692,237 
Fidelity Freedom Blend 2045 Fund     
Class A     
Shares sold 38,917 82,028 $365,404 $819,225 
Reinvestment of distributions 1,259 2,639 11,359 27,494 
Shares redeemed (12,679) (10,297) (112,935) (103,421) 
Net increase (decrease) 27,497 74,370 $263,828 $743,298 
Class M     
Shares sold 9,871 121,324 $96,904 $1,272,405 
Reinvestment of distributions 1,446 677 13,030 7,045 
Shares redeemed (12,030) (3,456) (106,935) (34,441) 
Net increase (decrease) (713) 118,545 $2,999 $1,245,009 
Class C     
Shares sold 44,797 16,836 $441,250 $168,708 
Reinvestment of distributions 397 603 3,571 6,265 
Shares redeemed (2,257) (2,291) (22,094) (22,573) 
Net increase (decrease) 42,937 15,148 $422,727 $152,400 
Fidelity Freedom Blend 2045 Fund     
Shares sold 467,870 1,374,727 $4,573,707 $14,041,739 
Reinvestment of distributions 16,398 6,577 148,074 68,591 
Shares redeemed (153,477) (172,550) (1,453,136) (1,608,006) 
Net increase (decrease) 330,791 1,208,754 $3,268,645 $12,502,324 
Class K     
Shares sold 185,333 1,685,191 $1,819,691 $16,854,788 
Reinvestment of distributions 20,000 44,201 180,799 461,013 
Shares redeemed (625,883) (116,901) (5,951,524) (1,169,196) 
Net increase (decrease) (420,550) 1,612,491 $(3,951,034) $16,146,605 
Class K6     
Shares sold 10,520,548 53,576,395 $99,943,257 $520,549,509 
Reinvestment of distributions 676,330 1,567,387 6,127,549 16,369,837 
Shares redeemed (3,514,512) (3,641,445) (34,479,912) (34,923,157) 
Net increase (decrease) 7,682,366 51,502,337 $71,590,894 $501,996,189 
Class I     
Shares sold 362,983 414,698 $3,502,201 $4,173,178 
Reinvestment of distributions 7,406 8,521 66,878 88,783 
Shares redeemed (21,380) (24,213) (209,853) (250,866) 
Net increase (decrease) 349,009 399,006 $3,359,226 $4,011,095 
Class Z     
Shares sold 1,053 416 $10,322 $4,098 
Reinvestment of distributions 137 346 1,237 3,619 
Shares redeemed (654) – (6,806) – 
Net increase (decrease) 536 762 $4,753 $7,717 
Class Z6     
Shares sold 26,232 125,922 $262,682 $1,256,608 
Reinvestment of distributions 1,774 511 16,053 5,334 
Shares redeemed (30,054) (3,552) (302,757) (32,601) 
Net increase (decrease) (2,048) 122,881 $(24,022) $1,229,341 
Fidelity Freedom Blend 2050 Fund     
Class A     
Shares sold 49,081 60,808 $476,616 $577,409 
Reinvestment of distributions 895 1,893 8,056 19,643 
Shares redeemed (5,082) (9,904) (51,351) (98,042) 
Net increase (decrease) 44,894 52,797 $433,321 $499,010 
Class M     
Shares sold 10,739 30,577 $104,959 $298,706 
Reinvestment of distributions 404 832 3,632 8,625 
Shares redeemed (310) (5,655) (3,152) (56,777) 
Net increase (decrease) 10,833 25,754 $105,439 $250,554 
Class C     
Shares sold 27,477 43,888 $261,332 $419,403 
Reinvestment of distributions 651 955 5,816 9,876 
Shares redeemed (20,481) (4,602) (202,514) (44,442) 
Net increase (decrease) 7,647 40,241 $64,634 $384,837 
Fidelity Freedom Blend 2050 Fund     
Shares sold 549,946 1,196,246 $5,434,230 $12,158,738 
Reinvestment of distributions 14,244 5,804 128,193 60,239 
Shares redeemed (173,555) (97,735) (1,756,057) (961,160) 
Net increase (decrease) 390,635 1,104,315 $3,806,366 $11,257,817 
Class K     
Shares sold 139,397 1,085,097 $1,371,141 $10,766,293 
Reinvestment of distributions 11,520 29,763 103,798 308,941 
Shares redeemed (463,881) (115,539) (4,397,273) (1,168,292) 
Net increase (decrease) (312,964) 999,321 $(2,922,334) $9,906,942 
Class K6     
Shares sold 9,911,468 42,505,008 $93,562,501 $410,753,832 
Reinvestment of distributions 511,317 1,153,996 4,612,080 11,994,804 
Shares redeemed (3,151,146) (2,905,330) (30,931,706) (27,598,201) 
Net increase (decrease) 7,271,639 40,753,674 $67,242,875 $395,150,435 
Class I     
Shares sold 200,168 411,997 $2,056,433 $4,090,112 
Reinvestment of distributions 4,656 9,318 41,900 96,721 
Shares redeemed (42,038) (46,900) (424,501) (452,765) 
Net increase (decrease) 162,786 374,415 $1,673,832 $3,734,068 
Class Z     
Reinvestment of distributions 122 332 $1,102 $3,453 
Net increase (decrease) 122 332 $1,102 $3,453 
Class Z6     
Shares sold 34,755 229,013 $339,064 $2,363,808 
Reinvestment of distributions 2,932 420 26,450 4,366 
Shares redeemed (29,258) (2,239) (285,658) (18,844) 
Net increase (decrease) 8,429 227,194 $79,856 $2,349,330 
Fidelity Freedom Blend 2055 Fund     
Class A     
Shares sold 34,201 32,623 $334,614 $320,492 
Reinvestment of distributions 497 1,064 4,489 11,061 
Shares redeemed (1,719) (2,079) (17,136) (20,792) 
Net increase (decrease) 32,979 31,608 $321,967 $310,761 
Class M     
Shares sold 13,848 19,745 $131,593 $198,412 
Reinvestment of distributions 295 427 2,658 4,435 
Shares redeemed (2,880) (730) (26,561) (7,443) 
Net increase (decrease) 11,263 19,442 $107,690 $195,404 
Class C     
Shares sold 6,652 9,252 $63,352 $90,453 
Reinvestment of distributions 184 388 1,654 4,029 
Shares redeemed (1,220) (2,339) (11,957) (23,298) 
Net increase (decrease) 5,616 7,301 $53,049 $71,184 
Fidelity Freedom Blend 2055 Fund     
Shares sold 307,956 628,014 $3,007,793 $6,395,015 
Reinvestment of distributions 6,636 2,201 59,989 22,905 
Shares redeemed (70,447) (35,245) (702,996) (351,096) 
Net increase (decrease) 244,145 594,970 $2,364,786 $6,066,824 
Class K     
Shares sold 126,780 621,789 $1,255,064 $6,185,860 
Reinvestment of distributions 5,675 14,745 51,362 153,497 
Shares redeemed (261,815) (72,759) (2,499,899) (708,474) 
Net increase (decrease) (129,360) 563,775 $(1,193,473) $5,630,883 
Class K6     
Shares sold 6,683,279 20,720,008 $63,348,285 $200,342,623 
Reinvestment of distributions 213,691 465,881 1,936,039 4,851,113 
Shares redeemed (1,832,994) (1,391,367) (18,127,140) (12,921,590) 
Net increase (decrease) 5,063,976 19,794,522 $47,157,184 $192,272,146 
Class I     
Shares sold 115,109 238,393 $1,185,810 $2,364,256 
Reinvestment of distributions 2,272 4,816 20,536 50,084 
Shares redeemed (24,837) (30,006) (247,921) (304,125) 
Net increase (decrease) 92,544 213,203 $958,425 $2,110,215 
Class Z     
Reinvestment of distributions 103 308 $929 $3,207 
Net increase (decrease) 103 308 $929 $3,207 
Class Z6     
Shares sold 22,611 76,670 $220,371 $788,359 
Reinvestment of distributions 907 495 8,219 5,156 
Shares redeemed (10,935) (3,981) (109,929) (37,788) 
Net increase (decrease) 12,583 73,184 $118,661 $755,727 
Fidelity Freedom Blend 2060 Fund     
Class A     
Shares sold 31,280 37,225 $308,574 $363,717 
Reinvestment of distributions 457 1,237 4,154 12,881 
Shares redeemed (1,436) (4,518) (14,266) (46,270) 
Net increase (decrease) 30,301 33,944 $298,462 $330,328 
Class M     
Shares sold 7,339 9,936 $72,310 $99,900 
Reinvestment of distributions 161 395 1,460 4,107 
Shares redeemed (2,232) (4,387) (20,957) (42,552) 
Net increase (decrease) 5,268 5,944 $52,813 $61,455 
Class C     
Shares sold 8,747 16,593 $83,474 $164,497 
Reinvestment of distributions 212 431 1,914 4,470 
Shares redeemed (2,887) (1,343) (28,082) (13,597) 
Net increase (decrease) 6,072 15,681 $57,306 $155,370 
Fidelity Freedom Blend 2060 Fund     
Shares sold 114,466 301,091 $1,104,321 $3,009,069 
Reinvestment of distributions 2,683 2,870 24,386 29,908 
Shares redeemed (36,291) (17,766) (364,009) (175,374) 
Net increase (decrease) 80,858 286,195 $764,698 $2,863,603 
Class K     
Shares sold 41,234 159,219 $403,347 $1,575,376 
Reinvestment of distributions 1,154 3,732 10,493 38,953 
Shares redeemed (70,367) (16,014) (672,909) (160,325) 
Net increase (decrease) (27,979) 146,937 $(259,069) $1,454,004 
Class K6     
Shares sold 2,756,545 5,632,561 $26,304,420 $54,434,732 
Reinvestment of distributions 44,252 96,880 402,696 1,010,306 
Shares redeemed (627,363) (495,746) (6,153,231) (4,563,687) 
Net increase (decrease) 2,173,434 5,233,695 $20,553,885 $50,881,351 
Class I     
Shares sold 58,920 125,809 $597,454 $1,254,763 
Reinvestment of distributions 1,020 2,399 9,268 25,017 
Shares redeemed (31,178) (8,394) (318,322) (84,666) 
Net increase (decrease) 28,762 119,814 $288,400 $1,195,114 
Class Z     
Shares sold – 37 $– $370 
Reinvestment of distributions 77 299 706 3,118 
Net increase (decrease) 77 336 $706 $3,488 
Class Z6     
Shares sold 16,165 35,644 $155,504 $373,562 
Reinvestment of distributions 391 312 3,565 3,250 
Shares redeemed (6,860) (1,699) (69,777) (16,504) 
Net increase (decrease) 9,696 34,257 $89,292 $360,308 
Fidelity Freedom Blend 2065 Fund(a)     
Class A     
Shares sold 6,716 21,250 $65,639 $212,603 
Reinvestment of distributions 115 429 1,059 4,538 
Shares redeemed (1,925) (3,367) (54,240) (35,787) 
Net increase (decrease) 4,906 18,312 $12,458 $181,354 
Class M     
Shares sold 6,347 19,398 $63,157 $197,568 
Reinvestment of distributions 115 353 1,058 3,736 
Shares redeemed (1,380) (100) (14,556) (1,055) 
Net increase (decrease) 5,082 19,651 $49,659 $200,249 
Class C     
Shares sold 7,543 18,175 $77,339 $181,622 
Reinvestment of distributions 107 390 984 4,126 
Shares redeemed (398) (3) (4,064) (30) 
Net increase (decrease) 7,252 18,562 $74,259 $185,718 
Fidelity Freedom Blend 2065 Fund     
Shares sold 52,023 50,839 $518,094 $513,322 
Reinvestment of distributions 330 672 3,054 7,112 
Shares redeemed (5,975) (1,358) (72,754) (13,934) 
Net increase (decrease) 46,378 50,153 $448,394 $506,500 
Class K     
Shares sold 2,313 13,889 $23,200 $138,798 
Reinvestment of distributions 77 375 710 3,966 
Shares redeemed (1,101) (295) (13,598) (3,102) 
Net increase (decrease) 1,289 13,969 $10,312 $139,662 
Class K6     
Shares sold 270,929 130,843 $2,717,020 $1,290,645 
Reinvestment of distributions 1,021 892 9,434 9,439 
Shares redeemed (74,538) (3,142) (733,602) (29,862) 
Net increase (decrease) 197,412 128,593 $1,992,852 $1,270,222 
Class I     
Shares sold 25,041 27,553 $252,296 $256,437 
Reinvestment of distributions 92 315 850 3,337 
Shares redeemed (32,799) (16) (316,940) (166) 
Net increase (decrease) (7,666) 27,852 $(63,794) $259,608 
Class Z     
Shares sold – 11,111 $– $111,110 
Reinvestment of distributions 63 316 583 3,344 
Net increase (decrease) 63 11,427 $583 $114,454 
Class Z6     
Shares sold – 11,203 $– $111,823 
Reinvestment of distributions 64 321 588 3,400 
Shares redeemed (2) – (14) – 
Net increase (decrease) 62 11,524 $574 $115,223 

 (a) For the period June 28, 2019 (commencement of operations) to March 31, 2020.

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 underlying mutual 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 mutual 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 following underlying mutual funds.

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 Series Corporate Bond Fund 19% 25% 22% – – – – 
Fidelity Series Government Bond Index Fund 20% 26% 22% – – – – 
Fidelity Series Large Cap Growth Index Fund – 12% 14% 16% 15% 13% 11% 
Fidelity Series Investment Grade Securitized Fund 19% 25% 22% – – – – 
Fidelity Series International Index Fund – 12% 14% 15% 15% 13% 10% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following underlying mutual funds.

Fund % of shares held 
Fidelity Series Corporate Bond Fund 88% 
Fidelity Series Government Bond Index Fund 91% 
Fidelity Series Large Cap Growth Index Fund 97% 
Fidelity Series Investment Grade Securitized Fund 88% 
Fidelity Series International Index Fund 96% 

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 Fund:

 Affiliated % 
Fidelity Freedom Blend 2065 Fund 19% 

10. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include 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 a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2020 to September 30, 2020).

Actual Expenses

The first line of the accompanying table 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/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate 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
April 1, 2020 
Ending
Account Value
September 30, 2020 
Expenses Paid
During Period-B
April 1, 2020
to September 30, 2020 
Fidelity Freedom Blend Income Fund     
Class A .71%    
Actual  $1,000.00 $1,081.80 $3.71 
Hypothetical-C  $1,000.00 $1,021.51 $3.60 
Class M .96%    
Actual  $1,000.00 $1,080.80 $5.01 
Hypothetical-C  $1,000.00 $1,020.26 $4.86 
Class C 1.44%    
Actual  $1,000.00 $1,078.00 $7.50 
Hypothetical-C  $1,000.00 $1,017.85 $7.28 
Fidelity Freedom Blend Income Fund .46%    
Actual  $1,000.00 $1,083.80 $2.40 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class K .36%    
Actual  $1,000.00 $1,084.10 $1.88 
Hypothetical-C  $1,000.00 $1,023.26 $1.83 
Class K6 .26%    
Actual  $1,000.00 $1,084.80 $1.36 
Hypothetical-C  $1,000.00 $1,023.76 $1.32 
Class I .46%    
Actual  $1,000.00 $1,084.00 $2.40 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class Z .37%    
Actual  $1,000.00 $1,084.60 $1.93 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Class Z6 .26%    
Actual  $1,000.00 $1,084.60 $1.36 
Hypothetical-C  $1,000.00 $1,023.76 $1.32 
Fidelity Freedom Blend 2005 Fund     
Class A .71%    
Actual  $1,000.00 $1,097.60 $3.73 
Hypothetical-C  $1,000.00 $1,021.51 $3.60 
Class M .96%    
Actual  $1,000.00 $1,096.20 $5.04 
Hypothetical-C  $1,000.00 $1,020.26 $4.86 
Class C 1.46%    
Actual  $1,000.00 $1,094.40 $7.67 
Hypothetical-C  $1,000.00 $1,017.75 $7.39 
Fidelity Freedom Blend 2005 Fund .46%    
Actual  $1,000.00 $1,099.20 $2.42 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class K .37%    
Actual  $1,000.00 $1,099.50 $1.95 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Class K6 .26%    
Actual  $1,000.00 $1,099.60 $1.37 
Hypothetical-C  $1,000.00 $1,023.76 $1.32 
Class I .46%    
Actual  $1,000.00 $1,099.20 $2.42 
Hypothetical-C  $1,000.00 $1,022.76 $2.33 
Class Z .36%    
Actual  $1,000.00 $1,100.30 $1.90 
Hypothetical-C  $1,000.00 $1,023.26 $1.83 
Class Z6 .26%    
Actual  $1,000.00 $1,100.50 $1.37 
Hypothetical-C  $1,000.00 $1,023.76 $1.32 
Fidelity Freedom Blend 2010 Fund     
Class A .72%    
Actual  $1,000.00 $1,122.50 $3.83 
Hypothetical-C  $1,000.00 $1,021.46 $3.65 
Class M .97%    
Actual  $1,000.00 $1,122.00 $5.16 
Hypothetical-C  $1,000.00 $1,020.21 $4.91 
Class C 1.48%    
Actual  $1,000.00 $1,118.10 $7.86 
Hypothetical-C  $1,000.00 $1,017.65 $7.49 
Fidelity Freedom Blend 2010 Fund .47%    
Actual  $1,000.00 $1,124.00 $2.50 
Hypothetical-C  $1,000.00 $1,022.71 $2.38 
Class K .37%    
Actual  $1,000.00 $1,124.90 $1.97 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Class K6 .27%    
Actual  $1,000.00 $1,126.20 $1.44 
Hypothetical-C  $1,000.00 $1,023.71 $1.37 
Class I .47%    
Actual  $1,000.00 $1,124.00 $2.50 
Hypothetical-C  $1,000.00 $1,022.71 $2.38 
Class Z .37%    
Actual  $1,000.00 $1,124.80 $1.97 
Hypothetical-C  $1,000.00 $1,023.21 $1.88 
Class Z6 .27%    
Actual  $1,000.00 $1,125.20 $1.44 
Hypothetical-C  $1,000.00 $1,023.71 $1.37 
Fidelity Freedom Blend 2015 Fund     
Class A .73%    
Actual  $1,000.00 $1,148.20 $3.93 
Hypothetical-C  $1,000.00 $1,021.41 $3.70 
Class M .98%    
Actual  $1,000.00 $1,145.70 $5.27 
Hypothetical-C  $1,000.00 $1,020.16 $4.96 
Class C 1.48%    
Actual  $1,000.00 $1,142.80 $7.95 
Hypothetical-C  $1,000.00 $1,017.65 $7.49 
Fidelity Freedom Blend 2015 Fund .48%    
Actual  $1,000.00 $1,149.60 $2.59 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Class K .38%    
Actual  $1,000.00 $1,150.60 $2.05 
Hypothetical-C  $1,000.00 $1,023.16 $1.93 
Class K6 .28%    
Actual  $1,000.00 $1,150.50 $1.51 
Hypothetical-C  $1,000.00 $1,023.66 $1.42 
Class I .48%    
Actual  $1,000.00 $1,148.70 $2.59 
Hypothetical-C  $1,000.00 $1,022.66 $2.43 
Class Z .38%    
Actual  $1,000.00 $1,149.20 $2.05 
Hypothetical-C  $1,000.00 $1,023.16 $1.93 
Class Z6 .28%    
Actual  $1,000.00 $1,151.10 $1.51 
Hypothetical-C  $1,000.00 $1,023.66 $1.42 
Fidelity Freedom Blend 2020 Fund     
Class A .74%    
Actual  $1,000.00 $1,170.90 $4.03 
Hypothetical-C  $1,000.00 $1,021.36 $3.75 
Class M .99%    
Actual  $1,000.00 $1,170.60 $5.39 
Hypothetical-C  $1,000.00 $1,020.10 $5.01 
Class C 1.49%    
Actual  $1,000.00 $1,167.50 $8.10 
Hypothetical-C  $1,000.00 $1,017.60 $7.54 
Fidelity Freedom Blend 2020 Fund .49%    
Actual  $1,000.00 $1,173.20 $2.67 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Class K .39%    
Actual  $1,000.00 $1,174.00 $2.13 
Hypothetical-C  $1,000.00 $1,023.11 $1.98 
Class K6 .29%    
Actual  $1,000.00 $1,174.00 $1.58 
Hypothetical-C  $1,000.00 $1,023.61 $1.47 
Class I .49%    
Actual  $1,000.00 $1,173.10 $2.67 
Hypothetical-C  $1,000.00 $1,022.61 $2.48 
Class Z .39%    
Actual  $1,000.00 $1,173.70 $2.13 
Hypothetical-C  $1,000.00 $1,023.11 $1.98 
Class Z6 .29%    
Actual  $1,000.00 $1,173.80 $1.58 
Hypothetical-C  $1,000.00 $1,023.61 $1.47 
Fidelity Freedom Blend 2025 Fund     
Class A .76%    
Actual  $1,000.00 $1,190.60 $4.17 
Hypothetical-C  $1,000.00 $1,021.26 $3.85 
Class M 1.01%    
Actual  $1,000.00 $1,187.90 $5.54 
Hypothetical-C  $1,000.00 $1,020.00 $5.11 
Class C 1.51%    
Actual  $1,000.00 $1,185.90 $8.27 
Hypothetical-C  $1,000.00 $1,017.50 $7.64 
Fidelity Freedom Blend 2025 Fund .51%    
Actual  $1,000.00 $1,191.40 $2.80 
Hypothetical-C  $1,000.00 $1,022.51 $2.59 
Class K .41%    
Actual  $1,000.00 $1,192.00 $2.25 
Hypothetical-C  $1,000.00 $1,023.01 $2.08 
Class K6 .31%    
Actual  $1,000.00 $1,192.10 $1.70 
Hypothetical-C  $1,000.00 $1,023.51 $1.57 
Class I .51%    
Actual  $1,000.00 $1,191.90 $2.80 
Hypothetical-C  $1,000.00 $1,022.51 $2.59 
Class Z .41%    
Actual  $1,000.00 $1,191.70 $2.25 
Hypothetical-C  $1,000.00 $1,023.01 $2.08 
Class Z6 .31%    
Actual  $1,000.00 $1,192.50 $1.70 
Hypothetical-C  $1,000.00 $1,023.51 $1.57 
Fidelity Freedom Blend 2030 Fund     
Class A .77%    
Actual  $1,000.00 $1,215.10 $4.28 
Hypothetical-C  $1,000.00 $1,021.21 $3.90 
Class M 1.02%    
Actual  $1,000.00 $1,215.30 $5.66 
Hypothetical-C  $1,000.00 $1,019.95 $5.17 
Class C 1.53%    
Actual  $1,000.00 $1,212.30 $8.49 
Hypothetical-C  $1,000.00 $1,017.40 $7.74 
Fidelity Freedom Blend 2030 Fund .52%    
Actual  $1,000.00 $1,218.30 $2.89 
Hypothetical-C  $1,000.00 $1,022.46 $2.64 
Class K .42%    
Actual  $1,000.00 $1,217.90 $2.34 
Hypothetical-C  $1,000.00 $1,022.96 $2.13 
Class K6 .32%    
Actual  $1,000.00 $1,217.80 $1.78 
Hypothetical-C  $1,000.00 $1,023.46 $1.62 
Class I .52%    
Actual  $1,000.00 $1,218.40 $2.89 
Hypothetical-C  $1,000.00 $1,022.46 $2.64 
Class Z .42%    
Actual  $1,000.00 $1,217.80 $2.34 
Hypothetical-C  $1,000.00 $1,022.96 $2.13 
Class Z6 .32%    
Actual  $1,000.00 $1,218.00 $1.78 
Hypothetical-C  $1,000.00 $1,023.46 $1.62 
Fidelity Freedom Blend 2035 Fund     
Class A .78%    
Actual  $1,000.00 $1,256.40 $4.41 
Hypothetical-C  $1,000.00 $1,021.16 $3.95 
Class M 1.03%    
Actual  $1,000.00 $1,253.40 $5.82 
Hypothetical-C  $1,000.00 $1,019.90 $5.22 
Class C 1.54%    
Actual  $1,000.00 $1,250.40 $8.69 
Hypothetical-C  $1,000.00 $1,017.35 $7.79 
Fidelity Freedom Blend 2035 Fund .53%    
Actual  $1,000.00 $1,257.30 $3.00 
Hypothetical-C  $1,000.00 $1,022.41 $2.69 
Class K .43%    
Actual  $1,000.00 $1,258.20 $2.43 
Hypothetical-C  $1,000.00 $1,022.91 $2.18 
Class K6 .33%    
Actual  $1,000.00 $1,258.00 $1.87 
Hypothetical-C  $1,000.00 $1,023.41 $1.67 
Class I .53%    
Actual  $1,000.00 $1,257.50 $3.00 
Hypothetical-C  $1,000.00 $1,022.41 $2.69 
Class Z .43%    
Actual  $1,000.00 $1,257.90 $2.43 
Hypothetical-C  $1,000.00 $1,022.91 $2.18 
Class Z6 .33%    
Actual  $1,000.00 $1,258.50 $1.87 
Hypothetical-C  $1,000.00 $1,023.41 $1.67 
Fidelity Freedom Blend 2040 Fund     
Class A .79%    
Actual  $1,000.00 $1,278.60 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,276.60 $5.94 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.55%    
Actual  $1,000.00 $1,272.80 $8.83 
Hypothetical-C  $1,000.00 $1,017.30 $7.84 
Fidelity Freedom Blend 2040 Fund .54%    
Actual  $1,000.00 $1,279.90 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,280.60 $2.52 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,280.40 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,278.50 $3.08 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,279.80 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,280.80 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Fidelity Freedom Blend 2045 Fund     
Class A .79%    
Actual  $1,000.00 $1,276.40 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,277.00 $5.94 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.55%    
Actual  $1,000.00 $1,272.00 $8.83 
Hypothetical-C  $1,000.00 $1,017.30 $7.84 
Fidelity Freedom Blend 2045 Fund .54%    
Actual  $1,000.00 $1,279.70 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,280.60 $2.52 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,280.30 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,278.50 $3.08 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,279.90 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,280.90 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Fidelity Freedom Blend 2050 Fund     
Class A .79%    
Actual  $1,000.00 $1,277.70 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,277.00 $5.94 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.54%    
Actual  $1,000.00 $1,273.10 $8.78 
Hypothetical-C  $1,000.00 $1,017.35 $7.79 
Fidelity Freedom Blend 2050 Fund .54%    
Actual  $1,000.00 $1,280.00 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,279.30 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,280.70 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,279.50 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,280.10 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,281.10 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Fidelity Freedom Blend 2055 Fund     
Class A .79%    
Actual  $1,000.00 $1,279.20 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,275.50 $5.93 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.54%    
Actual  $1,000.00 $1,272.90 $8.77 
Hypothetical-C  $1,000.00 $1,017.35 $7.79 
Fidelity Freedom Blend 2055 Fund .54%    
Actual  $1,000.00 $1,279.20 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,280.00 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,281.40 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,280.20 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,280.90 $2.52 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,280.50 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Fidelity Freedom Blend 2060 Fund     
Class A .79%    
Actual  $1,000.00 $1,277.90 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,277.00 $5.94 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.54%    
Actual  $1,000.00 $1,273.20 $8.78 
Hypothetical-C  $1,000.00 $1,017.35 $7.79 
Fidelity Freedom Blend 2060 Fund .54%    
Actual  $1,000.00 $1,278.80 $3.08 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,280.00 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,281.30 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,280.30 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,279.30 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,281.10 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Fidelity Freedom Blend 2065 Fund     
Class A .79%    
Actual  $1,000.00 $1,277.80 $4.51 
Hypothetical-C  $1,000.00 $1,021.11 $4.00 
Class M 1.04%    
Actual  $1,000.00 $1,275.40 $5.93 
Hypothetical-C  $1,000.00 $1,019.85 $5.27 
Class C 1.54%    
Actual  $1,000.00 $1,272.50 $8.77 
Hypothetical-C  $1,000.00 $1,017.35 $7.79 
Fidelity Freedom Blend 2065 Fund .54%    
Actual  $1,000.00 $1,278.70 $3.08 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class K .44%    
Actual  $1,000.00 $1,281.00 $2.52 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class K6 .34%    
Actual  $1,000.00 $1,280.30 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 
Class I .54%    
Actual  $1,000.00 $1,279.90 $3.09 
Hypothetical-C  $1,000.00 $1,022.36 $2.74 
Class Z .44%    
Actual  $1,000.00 $1,279.50 $2.51 
Hypothetical-C  $1,000.00 $1,022.86 $2.23 
Class Z6 .34%    
Actual  $1,000.00 $1,280.70 $1.94 
Hypothetical-C  $1,000.00 $1,023.36 $1.72 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Blend Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) (the Advisory Contract) for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2020 meeting, the Board unanimously determined to renew each fund's Advisory Contract. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services provided by and the profits realized by Fidelity from its relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and are realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered that each fund pays an all-inclusive management fee that covers all operating expenses of the fund, subject to certain exceptions, and varies by class (unified fee) and the underlying Fidelity funds in which the fund invests (Series Funds) do not pay expenses, with certain limited exceptions. The Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds previously formed a joint ad hoc committee to review the responsibilities of each board related to the consideration of the renewal of the Advisory Contracts for the funds, other funds that invest substantially all of their assets in Series Funds, and the Series Funds. The Board's deliberations were informed by the conclusions of such committee.

In considering whether to renew the Advisory Contract for each fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contract was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMR, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the Series Funds. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the funds notwithstanding the severe disruptions caused by the COVID-19 pandemic.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family.  The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) reducing management fees and total expenses for certain target date funds or classes and index funds; (vii) lowering expenses for certain funds and classes by implementing or lowering expense caps; (viii) rationalizing product lines and gaining increased efficiencies from fund mergers, liquidations, and share class consolidations; (ix) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (x) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance (Except Freedom Blend 2065 Fund).  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions that occur at Board meetings throughout the year with representatives of the investment adviser about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for each fund for different time periods, measured against one or more appropriate securities market indices, including a customized blended index that reflects the respective weights of the fund's asset classes (each a benchmark index). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. The Independent Trustees generally give greater weight to fund performance over longer time periods than over shorter time periods. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-year period. Due to the characteristics of the funds, no peer group performance information was considered by the Board. The Independent Trustees recognize that shareholders who are not investing through a tax-advantaged retirement account also consider tax consequences in evaluating performance.

Investment Performance (for Freedom Blend 2065 Fund).  The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. As the fund recently commenced operations, the Board did not believe that it was appropriate to assign significant weight to its limited investment performance.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee.  The Board considered two proprietary management fee comparisons. The group of Lipper funds used by the Board for management fee comparisons is referred to as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, also was considered by the Board.

The Board compared each fund's class-level management fee rate for the current fiscal year relative to the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's class-level management fee rate ranks above the median of its competitor funds in the applicable Total Mapped Group based on competitive data for 2019. The Board noted that each fund's unified fee arrangement covers all operating expenses of the fund, subject to certain exceptions, and that the fee structures of the majority of peer funds do not include top-level management fees. The Board also noted that the primary comparisons for the funds are against active and passive competitor target date funds. The Board also noted that the funds' total expense comparisons, which include the expenses of the Series Funds, facilitate better comparisons with funds and classes that use different expense structures and that, when compared to the total expenses of their load-type competitors, including acquired fund fees and expenses, all classes of the funds rank below their respective load types.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's class-level management fee rate under the Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the unified fee arrangement. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund. As part of its review, the Board considered the total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2019. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that each fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes of each fund vary primarily by the level of their 12b-1 fees. The Board considered that, in general, various factors can affect total expense ratios.

The Board noted that the total expense ratio of Class A (including expenses of the Series Funds) for each fund ranked below the competitive median for 2019.

The Board noted that the total expense ratio of Class M of each fund (including expenses of the Series Funds) ranked above the competitive median for 2019. The Board noted that the total expense ratio of Class M was above the competitive median primarily because of higher 12b-1 fees on Class M as compared to most competitor funds. Class M has a higher 12b-1 fee, but a lower front-end sales charge, than traditionally priced front-end sales charge classes. The Board considered that Class M is primarily sold load-waived to retirement plans and intermediary wrap programs where its 0.50% 12b-1 fee is comparable to competing no-load, higher 12b-1 fee classes designed specifically for retirement plans and wrap programs. The Board noted that, when the Total Mapped Group is adjusted to include only those funds with between 25% and 75% active holdings and funds that do not have similar vintages, and compared with funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of each such fund is equal to or below median.

The Board noted that the total expense ratio of Class C (including expenses of the Series Funds) ranked below the competitive median for 2019 for Fidelity Freedom Blend 2005 Fund and Fidelity Freedom Blend Income Fund and ranked above the competitive median for 2019 for each other fund. The Board noted that, for each fund for which the total expense ratio of Class C was above the competitive median, the class was above the competitive median primarily because of its 1.00% 12b-1 fee. The Board noted that, when the Total Mapped Group is adjusted to include only those funds with between 25% and 75% active holdings, and compared with funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of each such fund is equal to or below median.

The Board noted that the total expense ratio of each of Class I, Class Z, Class Z6, the retail class, Class K, and Class K6 (including expenses of the Series Funds) of each fund ranked below the competitive median for 2019.

The Board considered that current contractual arrangements for the fund oblige FMR to pay all "class-level" expenses of each of Class Z6 and Class K6 of each fund to the extent necessary to limit total operating expenses, with certain exceptions, to an amount specified in the applicable expense contract. These contractual arrangements may not be amended to increase the fees or expenses payable except by a vote of a majority of the Board of Trustees (for each fund) and by a vote of a majority of the outstanding voting securities of the applicable class (for each fund, except Fidelity Freedom Blend 2065 Fund).

Fees Charged to Other Fidelity Clients.  The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and the Series Funds in which each fund invests and in servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund, including the conclusions of the PFOB Committee, and was satisfied that the profitability was not excessive.

Economies of Scale.  The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that, due to each fund's current contractual arrangements, its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation agreements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and outflows from actively managed equity funds; and (viii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable, and that each fund's Advisory Contract should be renewed.





Fidelity Investments

FBF-SANN-1120
1.9890345.102


Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 10.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Aberdeen Street Trusts Board of Trustees.


Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Aberdeen Street Trusts (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable



assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.


Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies


Not applicable.



Item 13.

Exhibits


(a)

(1)

Not applicable.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)


Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Aberdeen Street Trust



By:

/s/Laura M. Del Prato


Laura M. Del Prato


President and Treasurer



Date:

November 19, 2020


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:

November 19, 2020



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

November 19, 2020