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,  2019


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, 2019

Fidelity Investments



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

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. © 2019 FMR LLC. All rights reserved.



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

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

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

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Index Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % 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 12.1 
Fidelity Series Inflation-Protected Bond Index Fund 10.0 
Fidelity Series Global ex U.S. Index Fund 6.8 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 12.1% 
   International Equity Funds 6.8% 
   Bond Funds 48.6% 
   Inflation-Protected Bond Funds 10.0% 
   Short-Term Funds 22.5% 


Fidelity Freedom® Index Income Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 12.1%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $55,606,325) 5,587,124 56,653,442 
International Equity Funds - 6.8%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $28,401,744) 2,570,380 31,795,606 
Bond Funds - 48.6%   
Fidelity Series Bond Index Fund (b) 20,395,094 212,516,881 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,397,605 13,990,030 
TOTAL BOND FUNDS   
(Cost $217,027,394)  226,506,911 
Inflation-Protected Bond Funds - 10.0%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $46,176,088) 4,620,109 46,570,696 
Short-Term Funds - 22.5%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $104,881,590) 10,490,817 104,908,170 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $452,093,141)  466,434,825 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (37,755) 
NET ASSETS - 100%  $466,397,070 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $215,765,825 $10,746,737 $2,215,085 $2,659 $7,495,134 $212,516,881 
Fidelity Series Global ex U.S. Index Fund 20,110,090 12,682,727 1,450,175 -- (3,794) 456,758 31,795,606 
Fidelity Series Inflation-Protected Bond Index Fund 35,147,725 12,435,008 2,175,777 80,852 (163,787) 1,327,527 46,570,696 
Fidelity Series Long-Term Treasury Bond Index Fund 10,750,841 3,757,075 2,084,751 163,978 71,889 1,494,976 13,990,030 
Fidelity Series Total Market Index Fund -- 65,799,741 10,208,067 -- 14,652 1,047,116 56,653,442 
Fidelity Series Treasury Bill Index Fund 79,322,502 29,706,447 4,223,675 1,007,837 (904) 103,800 104,908,170 
Fidelity Total Market Index Fund Class F 46,997,134 2,867,178 51,473,180 223,856 24,412,010 (22,803,142) -- 
Fidelity U.S. Bond Index Fund Class F 161,045,339 8,884,649 169,604,151 367,358 720,446 (1,046,283) -- 
 $353,373,631 $351,898,650 $251,966,513 $4,058,966 $25,053,171 $(11,924,114) $466,434,825 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $452,093,141) $466,434,825  
Total Investment in Securities (cost $452,093,141)  $466,434,825 
Cash  19 
Receivable for investments sold  1,734,937 
Receivable for fund shares sold  509,998 
Total assets  468,679,779 
Liabilities   
Payable for investments purchased $2,165,239  
Payable for fund shares redeemed 79,719  
Accrued management fee 37,751  
Total liabilities  2,282,709 
Net Assets  $466,397,070 
Net Assets consist of:   
Paid in capital  $427,323,990 
Total accumulated earnings (loss)  39,073,080 
Net Assets  $466,397,070 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($243,482,470 ÷ 19,683,863 shares)  $12.37 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($222,914,600 ÷ 18,044,635 shares)  $12.35 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,982,336 
Expenses   
Management fee $141,360  
Transfer agent fees 77,284  
Independent trustees' fees and expenses 770  
Total expenses before reductions 219,414  
Expense reductions (16,163)  
Total expenses after reductions  203,251 
Net investment income (loss)  3,779,085 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 25,053,171  
Capital gain distributions from underlying funds:   
Affiliated issuers 76,630  
Total net realized gain (loss)  25,129,801 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (11,924,114)  
Total change in net unrealized appreciation (depreciation)  (11,924,114) 
Net gain (loss)  13,205,687 
Net increase (decrease) in net assets resulting from operations  $16,984,772 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,779,085 $7,023,485 
Net realized gain (loss) 25,129,801 2,934,205 
Change in net unrealized appreciation (depreciation) (11,924,114) 3,898,727 
Net increase (decrease) in net assets resulting from operations 16,984,772 13,856,417 
Distributions to shareholders (3,958,926) (9,588,519) 
Share transactions - net increase (decrease) 100,023,942 58,712,635 
Total increase (decrease) in net assets 113,049,788 62,980,533 
Net Assets   
Beginning of period 353,347,282 290,366,749 
End of period $466,397,070 $353,347,282 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.98 $11.86 $11.63 $11.36 $11.52 $11.32 
Income from Investment Operations       
Net investment income (loss)A .11 .25 .20 .17 .16 .17 
Net realized and unrealized gain (loss) .40 .22 .27 .28 (.15) .26 
Total from investment operations .51 .47 .47 .45 .01 .43 
Distributions from net investment income (.11) (.25) (.19) (.17) (.16) (.16) 
Distributions from net realized gain (.01) (.10) (.04) (.01) (.01) (.07) 
Total distributions (.12) (.35) (.24)B (.18) (.17) (.23) 
Net asset value, end of period $12.37 $11.98 $11.86 $11.63 $11.36 $11.52 
Total ReturnC,D 4.27% 4.09% 4.02% 4.02% .10% 3.83% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .13%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .12% .12% .08% .07% .08% 
Expenses net of all reductions .12%G .12% .12% .08% .07% .08% 
Net investment income (loss) 1.84%G 2.15% 1.69% 1.48% 1.39% 1.49% 
Supplemental Data       
Net assets, end of period (000 omitted) $243,482 $167,641 $126,634 $118,421 $140,481 $244,260 
Portfolio turnover rateF 125%G 51% 17% 52% 22% 20%H 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.24 per share is comprised of distributions from net investment income of $.192 and distributions from net realized gain of $.043 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Freedom Index Income Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $11.96 $11.84 $11.61 $11.35 $11.48 
Income from Investment Operations      
Net investment income (loss)B .11 .26 .21 .18 .18 
Net realized and unrealized gain (loss) .40 .22 .26 .27 (.15) 
Total from investment operations .51 .48 .47 .45 .03 
Distributions from net investment income (.12) (.26) (.20) (.18) (.15) 
Distributions from net realized gain (.01) (.10) (.04) (.01) (.01) 
Total distributions (.12)C (.36) (.24) (.19) (.16) 
Net asset value, end of period $12.35 $11.96 $11.84 $11.61 $11.35 
Total ReturnD,E 4.31% 4.16% 4.07% 4.00% .26% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .08%H .06% .07% .03% .01%H 
Expenses net of all reductions .08%H .06% .07% .03% .01%H 
Net investment income (loss) 1.89%H 2.21% 1.74% 1.54% 2.12%H 
Supplemental Data      
Net assets, end of period (000 omitted) $222,915 $185,706 $163,733 $145,993 $108,865 
Portfolio turnover rateG 125%H 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 distributions of $.12 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.008 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Bond Index Fund 43.1 
Fidelity Series Treasury Bill Index Fund 19.2 
Fidelity Series Total Market Index Fund 16.6 
Fidelity Series Global ex U.S. Index Fund 9.3 
Fidelity Series Inflation-Protected Bond Index Fund 8.8 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 16.6% 
   International Equity Funds 9.3% 
   Bond Funds 46.1% 
   Inflation-Protected Bond Funds 8.8% 
   Short-Term Funds 19.2% 


Fidelity Freedom® Index 2005 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 16.6%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $25,368,688) 2,552,173 25,879,036 
International Equity Funds - 9.3%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $13,029,852) 1,177,260 14,562,704 
Bond Funds - 46.1%   
Fidelity Series Bond Index Fund (b) 6,450,805 67,217,391 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 468,167 4,686,350 
TOTAL BOND FUNDS   
(Cost $68,750,942)  71,903,741 
Inflation-Protected Bond Funds - 8.8%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $13,555,149) 1,358,590 13,694,590 
Short-Term Funds - 19.2%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $29,897,233) 2,990,282 29,902,824 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $150,601,864)  155,942,895 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (12,557) 
NET ASSETS - 100%  $155,930,338 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $70,573,306 $5,813,324 $723,694 $(815) $2,458,224 $67,217,391 
Fidelity Series Global ex U.S. Index Fund 10,573,328 4,865,061 1,113,773 -- 12,918 225,170 14,562,704 
Fidelity Series Inflation-Protected Bond Index Fund 11,202,177 3,084,142 946,803 24,527 2,904 352,170 13,694,590 
Fidelity Series Long-Term Treasury Bond Index Fund 3,983,556 1,065,803 898,868 57,147 26,779 509,080 4,686,350 
Fidelity Series Total Market Index Fund -- 31,229,824 5,886,000 -- 24,864 510,348 25,879,036 
Fidelity Series Treasury Bill Index Fund 24,507,215 7,294,443 1,927,890 296,842 586 28,470 29,902,824 
Fidelity Total Market Index Fund Class F 24,629,144 534,965 25,988,339 114,008 12,787,715 (11,963,485) -- 
Fidelity U.S. Bond Index Fund Class F 55,946,192 928,761 56,757,106 123,654 162,769 (280,616) -- 
Total $130,841,612 $119,576,305 $99,332,103 $1,339,872 $13,017,720 $(8,160,639) $155,942,895 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $150,601,864) $155,942,895  
Total Investment in Securities (cost $150,601,864)  $155,942,895 
Cash  
Receivable for investments sold  640,105 
Receivable for fund shares sold  1,839,568 
Total assets  158,422,571 
Liabilities   
Payable for investments purchased $2,440,714  
Payable for fund shares redeemed 38,962  
Accrued management fee 12,557  
Total liabilities  2,492,233 
Net Assets  $155,930,338 
Net Assets consist of:   
Paid in capital  $136,773,810 
Total accumulated earnings (loss)  19,156,528 
Net Assets  $155,930,338 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($83,452,642 ÷ 5,950,543 shares)  $14.02 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($72,477,696 ÷ 5,166,503 shares)  $14.03 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,300,845 
Expenses   
Management fee $48,900  
Transfer agent fees 27,723  
Independent trustees' fees and expenses 275  
Total expenses before reductions 76,898  
Expense reductions (5,905)  
Total expenses after reductions  70,993 
Net investment income (loss)  1,229,852 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 13,017,720  
Capital gain distributions from underlying funds:   
Affiliated issuers 39,027  
Total net realized gain (loss)  13,056,747 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (8,160,639)  
Total change in net unrealized appreciation (depreciation)  (8,160,639) 
Net gain (loss)  4,896,108 
Net increase (decrease) in net assets resulting from operations  $6,125,960 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,229,852 $2,560,903 
Net realized gain (loss) 13,056,747 1,388,778 
Change in net unrealized appreciation (depreciation) (8,160,639) 1,346,484 
Net increase (decrease) in net assets resulting from operations 6,125,960 5,296,165 
Distributions to shareholders (670,179) (3,609,349) 
Share transactions - net increase (decrease) 19,642,771 15,933,338 
Total increase (decrease) in net assets 25,098,552 17,620,154 
Net Assets   
Beginning of period 130,831,786 113,211,632 
End of period $155,930,338 $130,831,786 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.50 $13.36 $12.94 $12.45 $12.71 $12.50 
Income from Investment Operations       
Net investment income (loss)A .12 .29 .23 .20 .20 .21 
Net realized and unrealized gain (loss) .47 .26 .47 .52 (.25) .39 
Total from investment operations .59 .55 .70 .72 (.05) .60 
Distributions from net investment income (.06) (.26) (.21) (.20) (.20) (.33) 
Distributions from net realized gain (.01) (.14) (.07) (.03) B (.06) 
Total distributions (.07) (.41)C (.28) (.23) (.21)D (.39) 
Net asset value, end of period $14.02 $13.50 $13.36 $12.94 $12.45 $12.71 
Total ReturnE,F 4.37% 4.25% 5.41% 5.84% (.40)% 4.87% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .13%I .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .12% .12% .09% .07% .08% 
Expenses net of all reductions .12%I .12% .12% .09% .07% .08% 
Net investment income (loss) 1.72%I 2.16% 1.74% 1.60% 1.58% 1.65% 
Supplemental Data       
Net assets, end of period (000 omitted) $83,453 $66,875 $60,299 $43,767 $50,790 $74,516 
Portfolio turnover rateH 140%I 52% 26% 52% 28% 22% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.41 per share is comprised of distributions from net investment income of $.264 and distributions from net realized gain of $.142 per share.

 D Total distributions of $.21 per share is comprised of distributions from net investment income of $.203 and distributions from net realized gain of $.004 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom Index 2005 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $13.50 $13.36 $12.94 $12.45 $12.73 
Income from Investment Operations      
Net investment income (loss)B .12 .30 .24 .21 .21 
Net realized and unrealized gain (loss) .48 .25 .46 .52 (.30) 
Total from investment operations .60 .55 .70 .73 (.09) 
Distributions from net investment income (.06) (.27) (.22) (.21) (.18) 
Distributions from net realized gain (.01) (.14) (.07) (.03) C 
Total distributions (.07) (.41) (.28)D (.24) (.19)E 
Net asset value, end of period $14.03 $13.50 $13.36 $12.94 $12.45 
Total ReturnF,G 4.46% 4.31% 5.45% 5.90% (.73)% 
Ratios to Average Net AssetsH,I      
Expenses before reductions .09%J .10% .10% .09% .05%J 
Expenses net of fee waivers, if any .08%J .06% .07% .03% .01%J 
Expenses net of all reductions .08%J .06% .07% .03% .01%J 
Net investment income (loss) 1.77%J 2.22% 1.79% 1.66% 2.28%J 
Supplemental Data      
Net assets, end of period (000 omitted) $72,478 $63,956 $52,913 $46,992 $28,910 
Portfolio turnover rateI 140%J 52% 26% 52% 28% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.28 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.066 per share.

 E Total distributions of $.19 per share is comprised of distributions from net investment income of $.181 and distributions from net realized gain of $.004 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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


Fidelity Freedom® Index 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Bond Index Fund 39.6 
Fidelity Series Total Market Index Fund 22.5 
Fidelity Series Treasury Bill Index Fund 15.0 
Fidelity Series Global ex U.S. Index Fund 12.6 
Fidelity Series Inflation-Protected Bond Index Fund 7.3 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 22.5% 
   International Equity Funds 12.6% 
   Bond Funds 42.6% 
   Inflation-Protected Bond Funds 7.3% 
   Short-Term Funds 15.0% 


Fidelity Freedom® Index 2010 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 22.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $138,853,322) 13,939,938 141,350,974 
International Equity Funds - 12.6%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $68,553,082) 6,430,055 79,539,783 
Bond Funds - 42.6%   
Fidelity Series Bond Index Fund (b) 23,907,038 249,111,335 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,891,629 18,935,205 
TOTAL BOND FUNDS   
(Cost $255,593,049)  268,046,540 
Inflation-Protected Bond Funds - 7.3%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $45,440,336) 4,563,145 45,996,497 
Short-Term Funds - 15.0%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $94,713,199) 9,473,074 94,730,738 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $603,152,988)  629,664,532 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (49,425) 
NET ASSETS - 100%  $629,615,107 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $256,970,135 $17,553,940 $2,809,213 $90,362 $9,604,778 $249,111,335 
Fidelity Series Global ex U.S. Index Fund 60,989,749 20,780,269 3,394,363 -- (9,647) 1,173,775 79,539,783 
Fidelity Series Inflation-Protected Bond Index Fund 40,209,406 6,519,983 2,016,349 86,801 26,276 1,257,181 45,996,497 
Fidelity Series Long-Term Treasury Bond Index Fund 17,192,727 2,751,859 3,321,099 242,886 246,188 2,065,530 18,935,205 
Fidelity Series Total Market Index Fund -- 166,969,687 28,278,929 -- 162,564 2,497,652 141,350,974 
Fidelity Series Treasury Bill Index Fund 82,388,494 15,793,694 3,547,044 988,933 44 95,550 94,730,738 
Fidelity Total Market Index Fund Class F 142,397,568 3,193,596 150,374,603 659,972 84,437,199 (79,653,760) -- 
Fidelity U.S. Bond Index Fund Class F 221,012,303 3,821,796 224,373,229 490,671 659,877 (1,120,747) -- 
Total $564,190,247 $476,801,019 $432,859,556 $5,278,476 $85,612,863 $(64,080,041) $629,664,532 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $603,152,988) $629,664,532  
Total Investment in Securities (cost $603,152,988)  $629,664,532 
Cash  29 
Receivable for investments sold  4,305,300 
Receivable for fund shares sold  1,630,540 
Total assets  635,600,401 
Liabilities   
Payable for investments purchased $5,853,218  
Payable for fund shares redeemed 82,625  
Accrued management fee 49,451  
Total liabilities  5,985,294 
Net Assets  $629,615,107 
Net Assets consist of:   
Paid in capital  $514,419,310 
Total accumulated earnings (loss)  115,195,797 
Net Assets  $629,615,107 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($308,706,250 ÷ 20,958,667 shares)  $14.73 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($320,908,857 ÷ 21,781,800 shares)  $14.73 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $5,052,556 
Expenses   
Management fee $199,814  
Transfer agent fees 118,251  
Independent trustees' fees and expenses 1,176  
Total expenses before reductions 319,241  
Expense reductions (27,065)  
Total expenses after reductions  292,176 
Net investment income (loss)  4,760,380 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 85,612,863  
Capital gain distributions from underlying funds:   
Affiliated issuers 225,920  
Total net realized gain (loss)  85,838,783 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (64,080,041)  
Total change in net unrealized appreciation (depreciation)  (64,080,041) 
Net gain (loss)  21,758,742 
Net increase (decrease) in net assets resulting from operations  $26,519,122 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,760,380 $12,005,508 
Net realized gain (loss) 85,838,783 13,050,615 
Change in net unrealized appreciation (depreciation) (64,080,041) (978,730) 
Net increase (decrease) in net assets resulting from operations 26,519,122 24,077,393 
Distributions to shareholders (3,083,289) (25,813,763) 
Share transactions - net increase (decrease) 42,027,668 6,980,109 
Total increase (decrease) in net assets 65,463,501 5,243,739 
Net Assets   
Beginning of period 564,151,606 558,907,867 
End of period $629,615,107 $564,151,606 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.17 $14.25 $13.72 $13.03 $13.36 $13.08 
Income from Investment Operations       
Net investment income (loss)A .11 .30 .25 .23 .20 .23 
Net realized and unrealized gain (loss) .53 .29 .65 .71 (.30) .46 
Total from investment operations .64 .59 .90 .94 (.10) .69 
Distributions from net investment income (.05) (.30) (.24) (.22) (.23) (.35) 
Distributions from net realized gain (.03) (.37) (.14) (.02) B (.05) 
Total distributions (.08) (.67) (.37)C (.25)D (.23) (.41)E 
Net asset value, end of period $14.73 $14.17 $14.25 $13.72 $13.03 $13.36 
Total ReturnF,G 4.50% 4.43% 6.62% 7.24% (.72)% 5.36% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .13%J .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%J .12% .12% .09% .08% .08% 
Expenses net of all reductions .12%J .12% .12% .09% .08% .08% 
Net investment income (loss) 1.56%J 2.13% 1.77% 1.70% 1.52% 1.72% 
Supplemental Data       
Net assets, end of period (000 omitted) $308,706 $254,371 $239,660 $205,267 $232,187 $480,861 
Portfolio turnover rateI 145%J 45% 22% 36% 22% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.37 per share is comprised of distributions from net investment income of $.235 and distributions from net realized gain of $.137 per share.

 D Total distributions of $.25 per share is comprised of distributions from net investment income of $.221 and distributions from net realized gain of $.024 per share.

 E Total distributions of $.41 per share is comprised of distributions from net investment income of $.353 and distributions from net realized gain of $.055 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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


Fidelity Freedom Index 2010 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $14.17 $14.25 $13.73 $13.03 $13.43 
Income from Investment Operations      
Net investment income (loss)B .12 .31 .26 .24 .27 
Net realized and unrealized gain (loss) .52 .29 .64 .71 (.46) 
Total from investment operations .64 .60 .90 .95 (.19) 
Distributions from net investment income (.05) (.31) (.24) (.23) (.21) 
Distributions from net realized gain (.03) (.37) (.14) (.02) C 
Total distributions (.08) (.68) (.38) (.25) (.21) 
Net asset value, end of period $14.73 $14.17 $14.25 $13.73 $13.03 
Total ReturnD,E 4.51% 4.49% 6.59% 7.39% (1.39)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .08%H .06% .07% .04% .02%H 
Expenses net of all reductions .08%H .06% .07% .04% .02%H 
Net investment income (loss) 1.61%H 2.19% 1.82% 1.75% 2.81%H 
Supplemental Data      
Net assets, end of period (000 omitted) $320,909 $309,781 $319,248 $286,173 $215,392 
Portfolio turnover rateG 145%H 45% 22% 36% 22% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2015 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Bond Index Fund 35.8 
Fidelity Series Total Market Index Fund 28.3 
Fidelity Series Global ex U.S. Index Fund 15.9 
Fidelity Series Treasury Bill Index Fund 10.9 
Fidelity Series Inflation-Protected Bond Index Fund 6.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 28.3% 
   International Equity Funds 15.9% 
   Bond Funds 38.8% 
   Inflation-Protected Bond Funds 6.1% 
   Short-Term Funds 10.9% 


Fidelity Freedom® Index 2015 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 28.3%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $407,176,624) 40,849,695 414,215,907 
International Equity Funds - 15.9%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $206,861,457) 18,871,508 233,440,558 
Bond Funds - 38.8%   
Fidelity Series Bond Index Fund (b) 50,257,152 523,679,523 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 4,397,598 44,019,958 
TOTAL BOND FUNDS   
(Cost $541,105,381)  567,699,481 
Inflation-Protected Bond Funds - 6.1%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $87,777,134) 8,792,099 88,624,361 
Short-Term Funds - 10.9%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $159,331,296) 15,935,900 159,359,003 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,402,251,892)  1,463,339,310 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (118,100) 
NET ASSETS - 100%  $1,463,221,210 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $545,075,983 $41,687,020 $5,868,962 $264,685 $20,025,875 $523,679,523 
Fidelity Series Global ex U.S. Index Fund 178,708,770 61,598,042 10,203,332 -- 95,801 3,241,277 233,440,558 
Fidelity Series Inflation-Protected Bond Index Fund 77,589,300 13,025,415 4,448,920 166,231 77,954 2,380,612 88,624,361 
Fidelity Series Long-Term Treasury Bond Index Fund 40,310,575 6,693,886 8,341,993 562,368 651,536 4,705,954 44,019,958 
Fidelity Series Total Market Index Fund -- 485,489,227 78,715,800 -- 403,197 7,039,283 414,215,907 
Fidelity Series Treasury Bill Index Fund 137,794,811 27,981,241 6,573,731 1,646,455 (1,769) 158,451 159,359,003 
Fidelity Total Market Index Fund Class F 417,999,393 8,117,252 440,157,037 1,944,170 226,412,635 (212,372,243) -- 
Fidelity U.S. Bond Index Fund Class F 466,952,280 6,733,341 472,702,192 1,036,407 547,988 (1,531,417) -- 
Total $1,319,355,129 $1,154,714,387 $1,062,830,025 $11,224,593 $228,452,027 $(176,352,208) $1,463,339,310 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $1,402,251,892) $1,463,339,310  
Total Investment in Securities (cost $1,402,251,892)  $1,463,339,310 
Cash  43 
Receivable for investments sold  12,191,426 
Receivable for fund shares sold  3,590,862 
Total assets  1,479,121,641 
Liabilities   
Payable for investments purchased $14,471,872  
Payable for fund shares redeemed 1,310,398  
Accrued management fee 118,161  
Total liabilities  15,900,431 
Net Assets  $1,463,221,210 
Net Assets consist of:   
Paid in capital  $1,168,394,254 
Total accumulated earnings (loss)  294,826,956 
Net Assets  $1,463,221,210 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($857,361,939 ÷ 54,588,815 shares)  $15.71 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($605,859,271 ÷ 38,588,545 shares)  $15.70 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $10,559,068 
Expenses   
Management fee $478,656  
Transfer agent fees 285,297  
Independent trustees' fees and expenses 2,732  
Total expenses before reductions 766,685  
Expense reductions (62,509)  
Total expenses after reductions  704,176 
Net investment income (loss)  9,854,892 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 228,452,027  
Capital gain distributions from underlying funds:   
Affiliated issuers 665,525  
Total net realized gain (loss)  229,117,552 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (176,352,208)  
Total change in net unrealized appreciation (depreciation)  (176,352,208) 
Net gain (loss)  52,765,344 
Net increase (decrease) in net assets resulting from operations  $62,620,236 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $9,854,892 $26,923,666 
Net realized gain (loss) 229,117,552 14,861,172 
Change in net unrealized appreciation (depreciation) (176,352,208) 16,015,397 
Net increase (decrease) in net assets resulting from operations 62,620,236 57,800,235 
Distributions to shareholders (6,495,483) (39,581,607) 
Share transactions - net increase (decrease) 87,836,390 103,392,576 
Total increase (decrease) in net assets 143,961,143 121,611,204 
Net Assets   
Beginning of period 1,319,260,067 1,197,648,863 
End of period $1,463,221,210 $1,319,260,067 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $15.09 $14.92 $14.11 $13.22 $13.62 $13.31 
Income from Investment Operations       
Net investment income (loss)A .11 .32 .27 .25 .23 .25 
Net realized and unrealized gain (loss) .58 .33 .83 .89 (.38) .52 
Total from investment operations .69 .65 1.10 1.14 (.15) .77 
Distributions from net investment income (.05) (.31) (.25) (.24) (.25) (.41) 
Distributions from net realized gain (.03) (.17) (.04) (.01) B (.05) 
Total distributions (.07)C (.48) (.29) (.25) (.25) (.46) 
Net asset value, end of period $15.71 $15.09 $14.92 $14.11 $13.22 $13.62 
Total ReturnD,E 4.61% 4.55% 7.82% 8.71% (1.10)% 5.87% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .13%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .12% .12% .10% .08% .08% 
Expenses net of all reductions .12%H .12% .12% .10% .08% .08% 
Net investment income (loss) 1.40%H 2.12% 1.81% 1.80% 1.70% 1.86% 
Supplemental Data       
Net assets, end of period (000 omitted) $857,362 $721,922 $637,221 $516,456 $577,905 $910,801 
Portfolio turnover rateG 153%H 36% 17% 29% 22% 19% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.07 per share is comprised of distributions from net investment income of $.046 and distributions from net realized gain of $.027 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom Index 2015 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $15.08 $14.92 $14.10 $13.21 $13.72 
Income from Investment Operations      
Net investment income (loss)B .11 .33 .27 .25 .28 
Net realized and unrealized gain (loss) .59 .31 .85 .90 (.56) 
Total from investment operations .70 .64 1.12 1.15 (.28) 
Distributions from net investment income (.05) (.32) (.26) (.25) (.23) 
Distributions from net realized gain (.03) (.17) (.04) (.01) C 
Total distributions (.08) (.48)D (.30) (.26) (.23) 
Net asset value, end of period $15.70 $15.08 $14.92 $14.10 $13.21 
Total ReturnE,F 4.63% 4.55% 7.94% 8.79% (2.03)% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .09%I .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .07%I .06% .07% .04% .02%I 
Expenses net of all reductions .07%I .06% .07% .04% .02%I 
Net investment income (loss) 1.45%I 2.18% 1.86% 1.85% 2.84%I 
Supplemental Data      
Net assets, end of period (000 omitted) $605,859 $597,338 $560,428 $520,752 $330,221 
Portfolio turnover rateH 153%I 36% 17% 29% 22% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.48 per share is comprised of distributions from net investment income of $.315 and distributions from net realized gain of $.169 per share..

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom® Index 2020 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 33.4 
Fidelity Series Bond Index Fund 32.4 
Fidelity Series Global ex U.S. Index Fund 18.9 
Fidelity Series Treasury Bill Index Fund 7.4 
Fidelity Series Inflation-Protected Bond Index Fund 4.9 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 33.4% 
   International Equity Funds 18.9% 
   Bond Funds 35.4% 
   Inflation-Protected Bond Funds 4.9% 
   Short-Term Funds 7.4% 


Fidelity Freedom® Index 2020 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 33.4%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $1,667,265,760) 167,139,127 1,694,790,746 
International Equity Funds - 18.9%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $871,589,161) 77,224,931 955,272,399 
Bond Funds - 35.4%   
Fidelity Series Bond Index Fund (b) 157,647,995 1,642,692,106 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 15,227,319 152,425,459 
TOTAL BOND FUNDS   
(Cost $1,710,738,397)  1,795,117,565 
Inflation-Protected Bond Funds - 4.9%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $243,313,633) 24,557,788 247,542,504 
Short-Term Funds - 7.4%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $372,884,188) 37,295,728 372,957,276 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,865,791,139)  5,065,680,490 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (387,204) 
NET ASSETS - 100%  $5,065,293,286 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $1,689,573,704 $109,670,212 $18,179,439 $967,121 $61,821,493 $1,642,692,106 
Fidelity Series Global ex U.S. Index Fund 713,058,609 254,102,596 24,803,567 -- (325,998) 13,240,759 955,272,399 
Fidelity Series Inflation-Protected Bond Index Fund 214,423,927 35,606,996 9,255,281 458,459 216,187 6,550,675 247,542,504 
Fidelity Series Long-Term Treasury Bond Index Fund 137,955,533 23,977,696 27,819,901 1,915,614 2,194,404 16,117,727 152,425,459 
Fidelity Series Total Market Index Fund -- 1,925,367,324 259,343,629 -- 1,242,065 27,524,986 1,694,790,746 
Fidelity Series Treasury Bill Index Fund 315,202,799 66,482,695 9,090,666 3,776,695 (7,267) 369,715 372,957,276 
Fidelity Total Market Index Fund Class F 1,671,452,164 26,928,856 1,754,387,573 7,732,418 749,801,413 (693,794,860) -- 
Fidelity U.S. Bond Index Fund Class F 1,448,324,317 13,693,663 1,458,966,574 3,196,183 (1,860,999) (1,190,407) -- 
Total $4,500,417,349 $4,035,733,530 $3,653,337,403 $35,258,808 $752,226,926 $(569,359,912) $5,065,680,490 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $4,865,791,139) $5,065,680,490  
Total Investment in Securities (cost $4,865,791,139)  $5,065,680,490 
Cash  159 
Receivable for investments sold  43,097,248 
Receivable for fund shares sold  10,474,012 
Total assets  5,119,251,909 
Liabilities   
Payable for investments purchased $51,641,543  
Payable for fund shares redeemed 1,929,809  
Accrued management fee 387,271  
Total liabilities  53,958,623 
Net Assets  $5,065,293,286 
Net Assets consist of:   
Paid in capital  $4,095,565,089 
Total accumulated earnings (loss)  969,728,197 
Net Assets  $5,065,293,286 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,471,564,900 ÷ 148,029,856 shares)  $16.70 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,593,728,386 ÷ 155,368,926 shares)  $16.69 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $32,611,862 
Expenses   
Management fee $1,565,366  
Transfer agent fees 930,151  
Independent trustees' fees and expenses 9,292  
Total expenses before reductions 2,504,809  
Expense reductions (225,463)  
Total expenses after reductions  2,279,346 
Net investment income (loss)  30,332,516 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 752,226,926  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,646,946  
Total net realized gain (loss)  754,873,872 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (569,359,912)  
Total change in net unrealized appreciation (depreciation)  (569,359,912) 
Net gain (loss)  185,513,960 
Net increase (decrease) in net assets resulting from operations  $215,846,476 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $30,332,516 $89,510,245 
Net realized gain (loss) 754,873,872 18,440,976 
Change in net unrealized appreciation (depreciation) (569,359,912) 89,536,443 
Net increase (decrease) in net assets resulting from operations 215,846,476 197,487,664 
Distributions to shareholders (16,940,983) (98,529,776) 
Share transactions - net increase (decrease) 366,262,864 458,613,878 
Total increase (decrease) in net assets 565,168,357 557,571,766 
Net Assets   
Beginning of period 4,500,124,929 3,942,553,163 
End of period $5,065,293,286 $4,500,124,929 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $16.01 $15.69 $14.70 $13.65 $14.10 $13.72 
Income from Investment Operations       
Net investment income (loss)A .10 .33 .29 .27 .23 .26 
Net realized and unrealized gain (loss) .65 .36 .99 1.04 (.42) .57 
Total from investment operations .75 .69 1.28 1.31 (.19) .83 
Distributions from net investment income (.04) (.32) (.27) (.25) (.26) (.41) 
Distributions from net realized gain (.02) (.05) (.02) (.01) B (.04) 
Total distributions (.06) (.37) (.29) (.26) (.26) (.45) 
Net asset value, end of period $16.70 $16.01 $15.69 $14.70 $13.65 $14.10 
Total ReturnC,D 4.69% 4.59% 8.72% 9.68% (1.34)% 6.18% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .13%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%G .11% .12% .10% .08% .08% 
Net investment income (loss) 1.26%G 2.12% 1.86% 1.88% 1.69% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,471,565 $1,971,676 $1,638,441 $1,295,896 $1,410,489 $2,458,061 
Portfolio turnover rateF 154%G 26% 11% 20% 16% 16% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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


Fidelity Freedom Index 2020 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $16.01 $15.69 $14.70 $13.65 $14.24 
Income from Investment Operations      
Net investment income (loss)B .11 .34 .30 .27 .32 
Net realized and unrealized gain (loss) .63 .36 .99 1.05 (.67) 
Total from investment operations .74 .70 1.29 1.32 (.35) 
Distributions from net investment income (.04) (.33) (.28) (.26) (.24) 
Distributions from net realized gain (.02) (.05) (.02) (.01) C 
Total distributions (.06) (.38) (.30) (.27) (.24) 
Net asset value, end of period $16.69 $16.01 $15.69 $14.70 $13.65 
Total ReturnD,E 4.64% 4.65% 8.77% 9.75% (2.42)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .07%H .06% .07% .05% .02%H 
Expenses net of all reductions .07%H .06% .07% .05% .02%H 
Net investment income (loss) 1.30%H 2.18% 1.91% 1.93% 3.12%H 
Supplemental Data      
Net assets, end of period (000 omitted) $2,593,728 $2,528,449 $2,304,112 $1,994,180 $1,249,900 
Portfolio turnover rateG 154%H 26% 11% 20% 16% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2025 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 37.7 
Fidelity Series Bond Index Fund 29.9 
Fidelity Series Global ex U.S. Index Fund 21.2 
Fidelity Series Inflation-Protected Bond Index Fund 4.1 
Fidelity Series Treasury Bill Index Fund 4.1 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 37.7% 
   International Equity Funds 21.2% 
   Bond Funds 32.9% 
   Inflation-Protected Bond Funds 4.1% 
   Short-Term Funds 4.1% 


Fidelity Freedom® Index 2025 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 37.7%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $2,109,551,837) 211,571,072 2,145,330,670 
International Equity Funds - 21.2%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $1,134,225,287) 97,787,479 1,209,631,119 
Bond Funds - 32.9%   
Fidelity Series Bond Index Fund (b) 163,287,442 1,701,455,143 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 17,133,920 171,510,535 
TOTAL BOND FUNDS   
(Cost $1,785,926,677)  1,872,965,678 
Inflation-Protected Bond Funds - 4.1%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $230,133,459) 23,386,204 235,732,933 
Short-Term Funds - 4.1%   
Fidelity Series Treasury Bill Index Fund (b)   
(Cost $234,848,796) 23,491,696 234,916,962 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $5,494,686,056)  5,698,577,362 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (441,693) 
NET ASSETS - 100%  $5,698,135,669 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $1,744,774,346 $106,282,012 $18,351,549 $867,397 $62,095,412 $1,701,455,143 
Fidelity Series Global ex U.S. Index Fund 847,725,401 369,131,878 23,049,854 -- (479,497) 16,303,191 1,209,631,119 
Fidelity Series Inflation-Protected Bond Index Fund 191,336,468 45,145,125 6,933,599 423,137 223,328 5,961,611 235,732,933 
Fidelity Series Long-Term Treasury Bond Index Fund 146,312,082 35,215,641 30,131,716 2,092,509 2,043,270 18,071,258 171,510,535 
Fidelity Series Total Market Index Fund -- 2,400,052,412 291,301,409 -- 800,836 35,778,831 2,145,330,670 
Fidelity Series Treasury Bill Index Fund 178,749,152 57,857,097 1,918,296 2,248,436 (2,122) 231,131 234,916,962 
Fidelity Total Market Index Fund Class F 1,988,014,399 53,017,727 2,107,976,344 9,260,137 701,188,004 (634,243,786) -- 
Fidelity U.S. Bond Index Fund Class F 1,411,184,110 27,342,296 1,435,599,777 3,135,458 1,137,257 (4,063,886) -- 
Total $4,763,321,612 $4,732,536,522 $4,003,193,007 $35,511,226 $705,778,473 $(499,866,238) $5,698,577,362 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $5,494,686,056) $5,698,577,362  
Total Investment in Securities (cost $5,494,686,056)  $5,698,577,362 
Cash  120 
Receivable for investments sold  50,070,694 
Receivable for fund shares sold  16,591,674 
Total assets  5,765,239,850 
Liabilities   
Payable for investments purchased $62,062,076  
Payable for fund shares redeemed 4,600,407  
Accrued management fee 441,698  
Total liabilities  67,104,181 
Net Assets  $5,698,135,669 
Net Assets consist of:   
Paid in capital  $4,777,496,419 
Total accumulated earnings (loss)  920,639,250 
Net Assets  $5,698,135,669 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,076,586,310 ÷ 172,971,451 shares)  $17.79 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,621,549,359 ÷ 147,342,905 shares)  $17.79 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $32,341,314 
Expenses   
Management fee $1,765,690  
Transfer agent fees 1,021,123  
Independent trustees' fees and expenses 10,022  
Total expenses before reductions 2,796,835  
Expense reductions (240,194)  
Total expenses after reductions  2,556,641 
Net investment income (loss)  29,784,673 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 705,778,473  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,169,912  
Total net realized gain (loss)  708,948,385 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (499,866,238)  
Total change in net unrealized appreciation (depreciation)  (499,866,238) 
Net gain (loss)  209,082,147 
Net increase (decrease) in net assets resulting from operations  $238,866,820 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $29,784,673 $89,107,725 
Net realized gain (loss) 708,948,385 4,986,619 
Change in net unrealized appreciation (depreciation) (499,866,238) 112,586,973 
Net increase (decrease) in net assets resulting from operations 238,866,820 206,681,317 
Distributions to shareholders (17,295,830) (91,659,489) 
Share transactions - net increase (decrease) 713,559,840 1,030,551,053 
Total increase (decrease) in net assets 935,130,830 1,145,572,881 
Net Assets   
Beginning of period 4,763,004,839 3,617,431,958 
End of period $5,698,135,669 $4,763,004,839 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $17.05 $16.67 $15.50 $14.27 $14.80 $14.36 
Income from Investment Operations       
Net investment income (loss)A .10 .36 .31 .29 .27 .30 
Net realized and unrealized gain (loss) .70 .38 1.17 1.22 (.52) .65 
Total from investment operations .80 .74 1.48 1.51 (.25) .95 
Distributions from net investment income (.04) (.34) (.29) (.27) (.27) (.48)B 
Distributions from net realized gain (.02) (.03) (.02) (.01) C (.03)B 
Total distributions (.06) (.36)D (.31) (.28) (.28)E (.51) 
Net asset value, end of period $17.79 $17.05 $16.67 $15.50 $14.27 $14.80 
Total ReturnF,G 4.71% 4.64% 9.53% 10.67% (1.72)% 6.73% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .13%J .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%J .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%J .11% .12% .10% .08% .08% 
Net investment income (loss) 1.13%J 2.13% 1.91% 1.97% 1.84% 2.03% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,076,586 $2,382,206 $1,761,022 $1,227,802 $1,179,785 $1,723,943 
Portfolio turnover rateI 155%J 19% 9% 18% 17% 15% 

 A Calculated based on average shares outstanding during the period.

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

 C Amount represents less than $.005 per share.

 D Total distributions of $.36 per share is comprised of distributions from net investment income of $.027 and distributions from net realized gain of $.335 per share.

 E Total distributions of $.28 per share is comprised of distributions from net investment income of $.272 and distributions from net realized gain of $.003 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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


Fidelity Freedom Index 2025 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $17.05 $16.67 $15.50 $14.27 $15.00 
Income from Investment Operations      
Net investment income (loss)B .10 .37 .32 .30 .33 
Net realized and unrealized gain (loss) .70 .38 1.17 1.22 (.79) 
Total from investment operations .80 .75 1.49 1.52 (.46) 
Distributions from net investment income (.04) (.34) (.30) (.28) (.27) 
Distributions from net realized gain (.02) (.03) (.02) (.01) C 
Total distributions (.06) (.37) (.32) (.29) (.27) 
Net asset value, end of period $17.79 $17.05 $16.67 $15.50 $14.27 
Total ReturnD,E 4.72% 4.70% 9.58% 10.74% (3.07)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .07% .05% .02%H 
Expenses net of all reductions .07%H .05% .07% .05% .02%H 
Net investment income (loss) 1.17%H 2.19% 1.96% 2.02% 3.08%H 
Supplemental Data      
Net assets, end of period (000 omitted) $2,621,549 $2,380,799 $1,856,410 $1,456,538 $792,922 
Portfolio turnover rateG 155%H 19% 9% 18% 17% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2030 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 44.1 
Fidelity Series Bond Index Fund 25.8 
Fidelity Series Global ex U.S. Index Fund 24.9 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Series Inflation-Protected Bond Index Fund 2.2 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 44.1% 
   International Equity Funds 24.9% 
   Bond Funds 28.8% 
   Inflation-Protected Bond Funds 2.2% 


Fidelity Freedom® Index 2030 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 44.1%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $2,965,302,705) 297,143,186 3,013,031,904 
International Equity Funds - 24.9%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $1,598,620,798) 137,270,450 1,698,035,473 
Bond Funds - 28.8%   
Fidelity Series Bond Index Fund (b) 168,866,534 1,759,589,285 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 20,512,277 205,327,889 
TOTAL BOND FUNDS   
(Cost $1,870,475,552)  1,964,917,174 
Inflation-Protected Bond Funds - 2.2%   
Fidelity Series Inflation-Protected Bond Index Fund (b)   
(Cost $145,257,207) 14,770,220 148,883,816 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $6,579,656,262)  6,824,868,367 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (508,686) 
NET ASSETS - 100%  $6,824,359,681 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $1,811,336,667 $116,860,657 $18,967,060 $980,234 $64,133,041 $1,759,589,285 
Fidelity Series Global ex U.S. Index Fund 1,220,284,176 484,282,114 28,071,235 -- 35,054 21,505,364 1,698,035,473 
Fidelity Series Inflation-Protected Bond Index Fund 73,250,907 73,452,157 617,803 205,877 10,434 2,788,121 148,883,816 
Fidelity Series Long-Term Treasury Bond Index Fund 178,089,695 39,977,691 37,039,313 2,532,522 2,416,001 21,883,815 205,327,889 
Fidelity Series Total Market Index Fund -- 3,379,650,212 416,089,479 -- 1,741,971 47,729,200 3,013,031,904 
Fidelity Total Market Index Fund Class F 2,855,473,703 65,833,276 3,017,352,960 13,289,740 1,008,806,272 (912,760,291) -- 
Fidelity U.S. Bond Index Fund Class F 1,443,318,609 25,926,231 1,466,234,111 3,206,973 4,106,510 (7,117,239) -- 
Total $5,770,417,090 $5,880,458,348 $5,082,265,558 $38,202,172 $1,018,096,476 $(761,837,989) $6,824,868,367 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $6,579,656,262) $6,824,868,367  
Total Investment in Securities (cost $6,579,656,262)  $6,824,868,367 
Cash  157 
Receivable for investments sold  68,513,808 
Receivable for fund shares sold  19,568,252 
Total assets  6,912,950,584 
Liabilities   
Payable for investments purchased $83,525,580  
Payable for fund shares redeemed 4,556,514  
Accrued management fee 508,809  
Total liabilities  88,590,903 
Net Assets  $6,824,359,681 
Net Assets consist of:   
Paid in capital  $5,546,775,539 
Total accumulated earnings (loss)  1,277,584,142 
Net Assets  $6,824,359,681 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,244,150,437 ÷ 172,657,236 shares)  $18.79 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($3,580,209,244 ÷ 190,502,412 shares)  $18.79 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $33,652,854 
Expenses   
Management fee $2,065,941  
Transfer agent fees 1,205,615  
Independent trustees' fees and expenses 12,132  
Total expenses before reductions 3,283,688  
Expense reductions (306,174)  
Total expenses after reductions  2,977,514 
Net investment income (loss)  30,675,340 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,018,096,476  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,549,318  
Total net realized gain (loss)  1,022,645,794 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (761,837,989)  
Total change in net unrealized appreciation (depreciation)  (761,837,989) 
Net gain (loss)  260,807,805 
Net increase (decrease) in net assets resulting from operations  $291,483,145 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $30,675,340 $109,387,499 
Net realized gain (loss) 1,022,645,794 4,016,749 
Change in net unrealized appreciation (depreciation) (761,837,989) 141,239,142 
Net increase (decrease) in net assets resulting from operations 291,483,145 254,643,390 
Distributions to shareholders (18,616,011) (109,066,308) 
Share transactions - net increase (decrease) 781,425,961 1,124,986,747 
Total increase (decrease) in net assets 1,054,293,095 1,270,563,829 
Net Assets   
Beginning of period 5,770,066,586 4,499,502,757 
End of period $6,824,359,681 $5,770,066,586 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $17.99 $17.57 $16.07 $14.49 $15.15 $14.62 
Income from Investment Operations       
Net investment income (loss)A .09 .38 .33 .31 .26 .30 
Net realized and unrealized gain (loss) .77 .41 1.50 1.57 (.63) .73 
Total from investment operations .86 .79 1.83 1.88 (.37) 1.03 
Distributions from net investment income (.03) (.36) (.31) (.29) (.29) (.48) 
Distributions from net realized gain (.03) (.01) (.01) (.01) B (.02) 
Total distributions (.06) (.37) (.33)C (.30) (.29) (.50) 
Net asset value, end of period $18.79 $17.99 $17.57 $16.07 $14.49 $15.15 
Total ReturnD,E 4.77% 4.71% 11.35% 13.07% (2.44)% 7.16% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .13%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%H .11% .12% .10% .08% .08% 
Net investment income (loss) .95%H 2.14% 1.92% 2.03% 1.75% 1.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,244,150 $2,500,479 $1,856,566 $1,333,880 $1,315,200 $2,224,676 
Portfolio turnover rateG 163%H 14% 9% 13% 13% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.33 per share is comprised of distributions from net investment income of $.311 and distributions from net realized gain of $.014 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom Index 2030 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $18.00 $17.57 $16.07 $14.49 $15.44 
Income from Investment Operations      
Net investment income (loss)B .09 .39 .34 .32 .38 
Net realized and unrealized gain (loss) .76 .42 1.49 1.57 (1.04) 
Total from investment operations .85 .81 1.83 1.89 (.66) 
Distributions from net investment income (.03) (.37) (.32) (.30) (.29) 
Distributions from net realized gain (.03) (.01) (.01) (.01) C 
Total distributions (.06) (.38) (.33) (.31) (.29) 
Net asset value, end of period $18.79 $18.00 $17.57 $16.07 $14.49 
Total ReturnD,E 4.72% 4.82% 11.39% 13.13% (4.28)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .07% .05% .02%H 
Expenses net of all reductions .07%H .05% .07% .05% .02%H 
Net investment income (loss) 1.00%H 2.20% 1.97% 2.08% 3.54%H 
Supplemental Data      
Net assets, end of period (000 omitted) $3,580,209 $3,269,588 $2,642,936 $2,025,502 $1,165,165 
Portfolio turnover rateG 163%H 14% 9% 13% 13% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2035 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 53.3 
Fidelity Series Global ex U.S. Index Fund 30.1 
Fidelity Series Bond Index Fund 13.6 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 53.3% 
   International Equity Funds 30.1% 
   Bond Funds 16.6% 


Fidelity Freedom® Index 2035 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 53.3%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $2,535,860,442) 254,088,909 2,576,461,539 
International Equity Funds - 30.1%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $1,383,367,231) 117,432,597 1,452,641,223 
Bond Funds - 16.6%   
Fidelity Series Bond Index Fund (b) 62,909,678 655,518,847 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 14,505,712 145,202,176 
TOTAL BOND FUNDS   
(Cost $756,631,287)  800,721,023 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,675,858,960)  4,829,823,785 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (364,181) 
NET ASSETS - 100%  $4,829,459,604 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $674,905,769 $42,574,852 $6,794,529 $283,016 $22,904,914 $655,518,847 
Fidelity Series Global ex U.S. Index Fund 1,017,909,745 449,680,158 32,768,706 -- 869,708 16,950,318 1,452,641,223 
Fidelity Series Long-Term Treasury Bond Index Fund 123,408,346 35,222,049 30,667,609 1,775,483 1,953,461 15,285,929 145,202,176 
Fidelity Series Total Market Index Fund -- 2,873,087,813 337,821,061 -- 593,691 40,601,096 2,576,461,539 
Fidelity Total Market Index Fund Class F 2,382,058,169 59,829,667 2,522,058,867 11,097,558 716,663,994 (636,492,963) -- 
Fidelity U.S. Bond Index Fund Class F 495,055,418 9,902,689 503,929,068 1,100,652 2,071,619 (3,100,658) -- 
 $4,018,431,678 $4,102,628,145 $3,469,820,163 $20,768,222 $722,435,489 $(543,851,364) $4,829,823,785 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $4,675,858,960) $4,829,823,785  
Total Investment in Securities (cost $4,675,858,960)  $4,829,823,785 
Cash  53 
Receivable for investments sold  46,658,633 
Receivable for fund shares sold  15,275,204 
Total assets  4,891,757,675 
Liabilities   
Payable for investments purchased $57,041,510  
Payable for fund shares redeemed 4,892,371  
Accrued management fee 364,190  
Total liabilities  62,298,071 
Net Assets  $4,829,459,604 
Net Assets consist of:   
Paid in capital  $3,951,377,754 
Total accumulated earnings (loss)  878,081,850 
Net Assets  $4,829,459,604 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,611,314,242 ÷ 131,356,189 shares)  $19.88 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,218,145,362 ÷ 111,529,859 shares)  $19.89 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $16,969,327 
Expenses   
Management fee $1,488,197  
Transfer agent fees 862,996  
Independent trustees' fees and expenses 8,482  
Total expenses before reductions 2,359,675  
Expense reductions (212,429)  
Total expenses after reductions  2,147,246 
Net investment income (loss)  14,822,081 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 722,435,489  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,798,895  
Total net realized gain (loss)  726,234,384 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (543,851,364)  
Total change in net unrealized appreciation (depreciation)  (543,851,364) 
Net gain (loss)  182,383,020 
Net increase (decrease) in net assets resulting from operations  $197,205,101 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,822,081 $71,499,617 
Net realized gain (loss) 726,234,384 558,854 
Change in net unrealized appreciation (depreciation) (543,851,364) 100,533,319 
Net increase (decrease) in net assets resulting from operations 197,205,101 172,591,790 
Distributions to shareholders (11,612,185) (71,688,773) 
Share transactions - net increase (decrease) 625,692,043 1,003,843,494 
Total increase (decrease) in net assets 811,284,959 1,104,746,511 
Net Assets   
Beginning of period 4,018,174,645 2,913,428,134 
End of period $4,829,459,604 $4,018,174,645 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $19.07 $18.63 $16.79 $14.91 $15.67 $15.11 
Income from Investment Operations       
Net investment income (loss)A .06 .39 .34 .32 .27 .31 
Net realized and unrealized gain (loss) .80 .43 1.84 1.87 (.73) .77 
Total from investment operations .86 .82 2.18 2.19 (.46) 1.08 
Distributions from net investment income (.01) (.37) (.32) (.30) (.30) (.51) 
Distributions from net realized gain (.04) (.01) (.02) (.01) B (.01) 
Total distributions (.05) (.38) (.34) (.31) (.30) (.52) 
Net asset value, end of period $19.88 $19.07 $18.63 $16.79 $14.91 $15.67 
Total ReturnC,D 4.53% 4.63% 12.96% 14.81% (2.93)% 7.25% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .13%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%G .11% .12% .10% .08% .08% 
Net investment income (loss) .65%G 2.08% 1.89% 2.02% 1.79% 2.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,611,314 $2,003,135 $1,390,826 $936,458 $880,845 $1,282,091 
Portfolio turnover rateF 159%G 10% 7% 13% 11% 13% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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


Fidelity Freedom Index 2035 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $19.08 $18.64 $16.80 $14.92 $16.03 
Income from Investment Operations      
Net investment income (loss)B .07 .40 .35 .33 .39 
Net realized and unrealized gain (loss) .80 .43 1.84 1.87 (1.20) 
Total from investment operations .87 .83 2.19 2.20 (.81) 
Distributions from net investment income (.02) (.38) (.33) (.31) (.30) 
Distributions from net realized gain (.04) (.01) (.02) (.01) C 
Total distributions (.06) (.39) (.35) (.32) (.30) 
Net asset value, end of period $19.89 $19.08 $18.64 $16.80 $14.92 
Total ReturnD,E 4.55% 4.69% 13.00% 14.87% (5.04)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .09%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .07% .05% .01%H 
Expenses net of all reductions .07%H .05% .07% .05% .01%H 
Net investment income (loss) .70%H 2.14% 1.94% 2.07% 3.53%H 
Supplemental Data      
Net assets, end of period (000 omitted) $2,218,145 $2,015,039 $1,522,603 $1,130,096 $581,231 
Portfolio turnover rateG 159%H 10% 7% 13% 11% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom® Index 2040 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


Fidelity Freedom® Index 2040 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $2,750,833,932) 275,504,204 2,793,612,632 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $1,496,632,193) 127,364,393 1,575,497,541 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 32,698,697 340,720,425 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 14,588,784 146,033,728 
TOTAL BOND FUNDS   
(Cost $452,726,076)  486,754,153 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $4,700,192,201)  4,855,864,326 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (351,028) 
NET ASSETS - 100%  $4,855,513,298 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $364,219,824 $36,523,332 $3,761,169 $370,779 $12,653,154 $340,720,425 
Fidelity Series Global ex U.S. Index Fund 1,114,129,989 468,660,431 25,804,754 -- 467,896 18,043,979 1,575,497,541 
Fidelity Series Long-Term Treasury Bond Index Fund 125,679,631 35,260,603 32,639,807 1,813,698 2,284,467 15,448,834 146,033,728 
Fidelity Series Total Market Index Fund -- 3,064,042,118 313,561,230 -- 353,043 42,778,701 2,793,612,632 
Fidelity Total Market Index Fund Class F 2,605,710,296 61,756,840 2,755,146,454 12,134,341 813,831,679 (726,152,361) -- 
Fidelity U.S. Bond Index Fund Class F 290,996,773 5,385,436 295,775,227 646,982 489,793 (1,096,775) -- 
 $4,136,516,689 $3,999,325,252 $3,459,450,804 $18,356,190 $817,797,657 $(638,324,468) $4,855,864,326 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $4,700,192,201) $4,855,864,326  
Total Investment in Securities (cost $4,700,192,201)  $4,855,864,326 
Cash  57 
Receivable for investments sold  38,914,812 
Receivable for fund shares sold  13,699,677 
Total assets  4,908,478,872 
Liabilities   
Payable for investments purchased $49,742,865  
Payable for fund shares redeemed 2,871,650  
Accrued management fee 351,059  
Total liabilities  52,965,574 
Net Assets  $4,855,513,298 
Net Assets consist of:   
Paid in capital  $3,882,373,656 
Total accumulated earnings (loss)  973,139,642 
Net Assets  $4,855,513,298 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($2,229,728,758 ÷ 111,491,624 shares)  $20.00 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,625,784,540 ÷ 131,307,183 shares)  $20.00 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $14,202,386 
Expenses   
Management fee $1,460,665  
Transfer agent fees 861,819  
Independent trustees' fees and expenses 8,709  
Total expenses before reductions 2,331,193  
Expense reductions (226,432)  
Total expenses after reductions  2,104,761 
Net investment income (loss)  12,097,625 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 817,797,657  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,153,804  
Total net realized gain (loss)  821,951,461 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (638,324,468)  
Total change in net unrealized appreciation (depreciation)  (638,324,468) 
Net gain (loss)  183,626,993 
Net increase (decrease) in net assets resulting from operations  $195,724,618 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $12,097,625 $74,829,098 
Net realized gain (loss) 821,951,461 (1,090,576) 
Change in net unrealized appreciation (depreciation) (638,324,468) 100,356,874 
Net increase (decrease) in net assets resulting from operations 195,724,618 174,095,396 
Distributions to shareholders (8,811,691) (76,331,747) 
Share transactions - net increase (decrease) 532,332,932 827,283,554 
Total increase (decrease) in net assets 719,245,859 925,047,203 
Net Assets   
Beginning of period 4,136,267,439 3,211,220,236 
End of period $4,855,513,298 $4,136,267,439 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $19.19 $18.77 $16.90 $15.00 $15.76 $15.18 
Income from Investment Operations       
Net investment income (loss)A .05 .39 .34 .32 .26 .31 
Net realized and unrealized gain (loss) .80 .42 1.87 1.90 (.72) .78 
Total from investment operations .85 .81 2.21 2.22 (.46) 1.09 
Distributions from net investment income (.01) (.38) (.33) (.31) (.30) (.50) 
Distributions from net realized gain (.03) (.01) (.02) (.01) B B 
Total distributions (.04) (.39) (.34)C (.32) (.30) (.51)D 
Net asset value, end of period $20.00 $19.19 $18.77 $16.90 $15.00 $15.76 
Total ReturnE,F 4.43% 4.56% 13.08% 14.90% (2.91)% 7.27% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .13%I .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%I .11% .12% .10% .08% .08% 
Net investment income (loss) .51%I 2.06% 1.87% 2.02% 1.70% 1.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,229,729 $1,731,927 $1,281,722 $900,067 $910,880 $1,511,298 
Portfolio turnover rateH 155%I 10% 6% 13% 9% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.34 per share is comprised of distributions from net investment income of $.327 and distributions from net realized gain of $.017 per share.

 D Total distributions of $.51 per share is comprised of distributions from net investment income of $.502 and distributions from net realized gain of $.003 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom Index 2040 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $19.19 $18.77 $16.89 $15.00 $16.12 
Income from Investment Operations      
Net investment income (loss)B .05 .40 .35 .33 .41 
Net realized and unrealized gain (loss) .80 .42 1.88 1.89 (1.22) 
Total from investment operations .85 .82 2.23 2.22 (.81) 
Distributions from net investment income (.01) (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.03) (.01) (.02) (.01) C 
Total distributions (.04) (.40) (.35)D (.33) (.31)E 
Net asset value, end of period $20.00 $19.19 $18.77 $16.89 $15.00 
Total ReturnF,G 4.44% 4.61% 13.20% 14.90% (5.06)% 
Ratios to Average Net AssetsH,I      
Expenses before reductions .08%J .10% .10% .09% .05%J 
Expenses net of fee waivers, if any .07%J .05% .07% .05% .01%J 
Expenses net of all reductions .07%J .05% .07% .05% .01%J 
Net investment income (loss) .56%J 2.12% 1.92% 2.07% 3.69%J 
Supplemental Data      
Net assets, end of period (000 omitted) $2,625,785 $2,404,340 $1,929,498 $1,438,010 $830,093 
Portfolio turnover rateI 155%J 10% 6% 13% 9% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.35 per share is comprised of distributions from net investment income of $.335 and distributions from net realized gain of $.017 per share.

 E Total distributions of $.31 per share is comprised of distributions from net investment income of $.309 and distributions from net realized gain of $.003 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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


Fidelity Freedom® Index 2045 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


Fidelity Freedom® Index 2045 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $1,825,328,536) 182,883,611 1,854,439,820 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $1,000,670,348) 84,546,431 1,045,839,349 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 21,706,203 226,178,640 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 9,684,410 96,940,947 
TOTAL BOND FUNDS   
(Cost $300,748,334)  323,119,587 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,126,747,218)  3,223,398,756 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (238,818) 
NET ASSETS - 100%  $3,223,159,938 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $242,173,902 $24,490,188 $2,467,642 $206,034 $8,288,892 $226,178,640 
Fidelity Series Global ex U.S. Index Fund 724,592,198 338,090,137 29,412,201 -- 744,210 11,825,005 1,045,839,349 
Fidelity Series Long-Term Treasury Bond Index Fund 81,736,319 25,400,790 21,781,436 1,188,729 1,383,949 10,201,325 96,940,947 
Fidelity Series Total Market Index Fund -- 2,053,852,773 228,805,394 -- 281,156 29,111,285 1,854,439,820 
Fidelity Total Market Index Fund Class F 1,694,661,859 47,502,518 1,799,323,277 7,920,628 460,424,275 (403,265,375) -- 
Fidelity U.S. Bond Index Fund Class F 189,252,294 4,299,458 193,158,993 422,281 245,236 (637,995) -- 
Total $2,690,242,670 $2,711,319,578 $2,296,971,489 $11,999,280 $463,284,860 $(344,476,863) $3,223,398,756 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $3,126,747,218) $3,223,398,756  
Total Investment in Securities (cost $3,126,747,218)  $3,223,398,756 
Cash  16 
Receivable for investments sold  22,942,458 
Receivable for fund shares sold  11,687,039 
Total assets  3,258,028,269 
Liabilities   
Payable for investments purchased $32,348,171  
Payable for fund shares redeemed 2,281,342  
Accrued management fee 238,818  
Total liabilities  34,868,331 
Net Assets  $3,223,159,938 
Net Assets consist of:   
Paid in capital  $2,664,347,292 
Total accumulated earnings (loss)  558,812,646 
Net Assets  $3,223,159,938 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,638,222,346 ÷ 81,343,265 shares)  $20.14 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,584,937,592 ÷ 78,671,791 shares)  $20.15 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $9,287,906 
Expenses   
Management fee $980,682  
Transfer agent fees 570,458  
Independent trustees' fees and expenses 5,680  
Total expenses before reductions 1,556,820  
Expense reductions (145,020)  
Total expenses after reductions  1,411,800 
Net investment income (loss)  7,876,106 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 463,284,860  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,711,374  
Total net realized gain (loss)  465,996,234 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (344,476,863)  
Total change in net unrealized appreciation (depreciation)  (344,476,863) 
Net gain (loss)  121,519,371 
Net increase (decrease) in net assets resulting from operations  $129,395,477 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,876,106 $46,867,991 
Net realized gain (loss) 465,996,234 (1,593,500) 
Change in net unrealized appreciation (depreciation) (344,476,863) 67,996,700 
Net increase (decrease) in net assets resulting from operations 129,395,477 113,271,191 
Distributions to shareholders (5,855,997) (48,855,589) 
Share transactions - net increase (decrease) 409,545,427 690,437,422 
Total increase (decrease) in net assets 533,084,907 754,853,024 
Net Assets   
Beginning of period 2,690,075,031 1,935,222,007 
End of period $3,223,159,938 $2,690,075,031 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $19.33 $18.91 $17.04 $15.13 $15.89 $15.32 
Income from Investment Operations       
Net investment income (loss)A .05 .39 .35 .33 .28 .32 
Net realized and unrealized gain (loss) .80 .43 1.88 1.90 (.74) .77 
Total from investment operations .85 .82 2.23 2.23 (.46) 1.09 
Distributions from net investment income (.01) (.38) (.33) (.31) (.30) (.51) 
Distributions from net realized gain (.03) (.02) (.03) (.01) B (.01) 
Total distributions (.04) (.40) (.36) (.32) (.30) (.52) 
Net asset value, end of period $20.14 $19.33 $18.91 $17.04 $15.13 $15.89 
Total ReturnC,D 4.40% 4.58% 13.08% 14.87% (2.88)% 7.22% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .13%G .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%G .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%G .11% .12% .10% .08% .08% 
Net investment income (loss) .51%G 2.06% 1.89% 2.04% 1.79% 2.04% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,638,222 $1,244,020 $872,779 $583,893 $542,581 $750,330 
Portfolio turnover rateF 157%G 10% 6% 15% 8% 12% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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


Fidelity Freedom Index 2045 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $19.33 $18.92 $17.04 $15.13 $16.26 
Income from Investment Operations      
Net investment income (loss)B .06 .40 .36 .34 .40 
Net realized and unrealized gain (loss) .80 .42 1.89 1.90 (1.22) 
Total from investment operations .86 .82 2.25 2.24 (.82) 
Distributions from net investment income (.01) (.39) (.34) (.32) (.30) 
Distributions from net realized gain (.03) (.02) (.03) (.01) C 
Total distributions (.04) (.41) (.37) (.33) (.31)D 
Net asset value, end of period $20.15 $19.33 $18.92 $17.04 $15.13 
Total ReturnE,F 4.47% 4.58% 13.20% 14.94% (5.08)% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .08%I .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .07% .05% .01%I 
Expenses net of all reductions .07%I .05% .07% .05% .01%I 
Net investment income (loss) .56%I 2.11% 1.94% 2.09% 3.56%I 
Supplemental Data      
Net assets, end of period (000 omitted) $1,584,938 $1,446,055 $1,062,443 $743,645 $386,977 
Portfolio turnover rateH 157%I 10% 6% 15% 8% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.303 and distributions from net realized gain of $.003 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom® Index 2050 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


Fidelity Freedom® Index 2050 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $1,628,271,281) 163,107,052 1,653,905,506 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $891,305,126) 75,403,650 932,743,150 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 19,359,115 201,721,976 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 8,637,232 86,458,692 
TOTAL BOND FUNDS   
(Cost $268,092,895)  288,180,668 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,787,669,302)  2,874,829,324 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (210,907) 
NET ASSETS - 100%  $2,874,618,417 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $216,943,518 $22,863,086 $2,217,040 $193,791 $7,447,753 $201,721,976 
Fidelity Series Global ex U.S. Index Fund 653,494,014 297,686,947 29,617,756 -- 789,867 10,390,078 932,743,150 
Fidelity Series Long-Term Treasury Bond Index Fund 73,715,553 22,221,972 19,897,605 1,068,581 1,273,397 9,145,375 86,458,692 
Fidelity Series Total Market Index Fund -- 1,838,619,282 210,696,644 -- 348,643 25,634,225 1,653,905,506 
Fidelity Total Market Index Fund Class F 1,528,377,784 41,861,178 1,621,776,156 7,139,732 420,068,353 (368,531,159) -- 
Fidelity U.S. Bond Index Fund Class F 170,681,400 3,772,256 174,098,944 380,681 (168,941) (185,771) -- 
 $2,426,268,751 $2,421,105,153 $2,078,950,191 $10,806,034 $422,505,110 $(316,099,499) $2,874,829,324 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $2,787,669,302) $2,874,829,324  
Total Investment in Securities (cost $2,787,669,302)  $2,874,829,324 
Cash  18 
Receivable for investments sold  20,825,447 
Receivable for fund shares sold  9,644,601 
Total assets  2,905,299,390 
Liabilities   
Payable for investments purchased $28,560,827  
Payable for fund shares redeemed 1,909,240  
Accrued management fee 210,906  
Total liabilities  30,680,973 
Net Assets  $2,874,618,417 
Net Assets consist of:   
Paid in capital  $2,367,604,838 
Total accumulated earnings (loss)  507,013,579 
Net Assets  $2,874,618,417 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,372,254,081 ÷ 67,828,294 shares)  $20.23 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,502,364,336 ÷ 74,257,569 shares)  $20.23 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $8,361,975 
Expenses   
Management fee $868,782  
Transfer agent fees 507,884  
Independent trustees' fees and expenses 5,109  
Total expenses before reductions 1,381,775  
Expense reductions (131,987)  
Total expenses after reductions  1,249,788 
Net investment income (loss)  7,112,187 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 422,505,110  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,444,059  
Total net realized gain (loss)  424,949,169 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (316,099,499)  
Total change in net unrealized appreciation (depreciation)  (316,099,499) 
Net gain (loss)  108,849,670 
Net increase (decrease) in net assets resulting from operations  $115,961,857 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,112,187 $42,710,321 
Net realized gain (loss) 424,949,169 (1,531,738) 
Change in net unrealized appreciation (depreciation) (316,099,499) 59,733,399 
Net increase (decrease) in net assets resulting from operations 115,961,857 100,911,982 
Distributions to shareholders (4,941,997) (44,851,696) 
Share transactions - net increase (decrease) 337,476,969 566,423,597 
Total increase (decrease) in net assets 448,496,829 622,483,883 
Net Assets   
Beginning of period 2,426,121,588 1,803,637,705 
End of period $2,874,618,417 $2,426,121,588 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $19.41 $19.00 $17.14 $15.24 $16.01 $15.42 
Income from Investment Operations       
Net investment income (loss)A .05 .39 .35 .33 .28 .32 
Net realized and unrealized gain (loss) .81 .42 1.90 1.91 (.74) .78 
Total from investment operations .86 .81 2.25 2.24 (.46) 1.10 
Distributions from net investment income (.01) (.38) (.33) (.33) (.30) (.50) 
Distributions from net realized gain (.03) (.02) (.06) (.01) B (.01) 
Total distributions (.04) (.40) (.39) (.34) (.31)C (.51) 
Net asset value, end of period $20.23 $19.41 $19.00 $17.14 $15.24 $16.01 
Total ReturnD,E 4.43% 4.53% 13.15% 14.82% (2.92)% 7.25% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .13%H .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%H .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%H .11% .12% .10% .08% .08% 
Net investment income (loss) .51%H 2.06% 1.89% 2.06% 1.80% 2.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,372,254 $1,049,434 $739,919 $513,543 $486,444 $729,639 
Portfolio turnover rateG 158%H 12% 6% 19% 7% 10% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.31 per share is comprised of distributions from net investment income of $.302 and distributions from net realized gain of $.003 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom Index 2050 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $19.41 $19.00 $17.14 $15.24 $16.37 
Income from Investment Operations      
Net investment income (loss)B .06 .40 .36 .34 .38 
Net realized and unrealized gain (loss) .80 .42 1.90 1.91 (1.20) 
Total from investment operations .86 .82 2.26 2.25 (.82) 
Distributions from net investment income (.01) (.39) (.34) (.34) (.30) 
Distributions from net realized gain (.03) (.02) (.06) (.01) C 
Total distributions (.04) (.41) (.40) (.35) (.31)D 
Net asset value, end of period $20.23 $19.41 $19.00 $17.14 $15.24 
Total ReturnE,F 4.44% 4.59% 13.20% 14.88% (5.04)% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .08%I .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .07% .05% .01%I 
Expenses net of all reductions .07%I .05% .07% .05% .01%I 
Net investment income (loss) .56%I 2.11% 1.94% 2.11% 3.40%I 
Supplemental Data      
Net assets, end of period (000 omitted) $1,502,364 $1,376,687 $1,063,718 $722,781 $434,989 
Portfolio turnover rateH 158%I 12% 6% 19% 7% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.304 and distributions from net realized gain of $.003 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom® Index 2055 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


Fidelity Freedom® Index 2055 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $748,203,612) 75,022,607 760,729,234 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $415,010,386) 34,682,851 429,026,873 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 8,904,309 92,782,903 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 3,972,730 39,767,032 
TOTAL BOND FUNDS   
(Cost $123,682,580)  132,549,935 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,286,896,578)  1,322,306,042 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (99,760) 
NET ASSETS - 100%  $1,322,206,282 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $99,411,226 $9,970,819 $981,845 $60,044 $3,282,452 $92,782,903 
Fidelity Series Global ex U.S. Index Fund 276,538,524 159,736,008 12,366,016 -- 474,179 4,644,178 429,026,873 
Fidelity Series Long-Term Treasury Bond Index Fund 31,193,457 12,772,582 8,785,089 470,055 499,728 4,086,354 39,767,032 
Fidelity Series Total Market Index Fund -- 836,525,565 88,231,263 -- (90,691) 12,525,623 760,729,234 
Fidelity Total Market Index Fund Class F 646,760,920 21,939,793 690,542,652 3,024,749 130,696,018 (108,854,079) -- 
Fidelity U.S. Bond Index Fund Class F 72,226,028 2,050,368 74,127,839 161,389 213,311 (361,868) -- 
 $1,026,718,929 $1,132,435,542 $884,023,678 $4,638,038 $131,852,589 $(84,677,340) $1,322,306,042 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $1,286,896,578) $1,322,306,042  
Total Investment in Securities (cost $1,286,896,578)  $1,322,306,042 
Cash  
Receivable for investments sold  8,986,161 
Receivable for fund shares sold  5,567,223 
Total assets  1,336,859,427 
Liabilities   
Payable for investments purchased $13,618,962  
Payable for fund shares redeemed 934,444  
Accrued management fee 99,739  
Total liabilities  14,653,145 
Net Assets  $1,322,206,282 
Net Assets consist of:   
Paid in capital  $1,155,755,820 
Total accumulated earnings (loss)  166,450,462 
Net Assets  $1,322,206,282 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($720,671,790 ÷ 45,115,881 shares)  $15.97 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($601,534,492 ÷ 37,624,416 shares)  $15.99 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,602,612 
Expenses   
Management fee $397,620  
Transfer agent fees 222,472  
Independent trustees' fees and expenses 2,213  
Total expenses before reductions 622,305  
Expense reductions (55,257)  
Total expenses after reductions  567,048 
Net investment income (loss)  3,035,564 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 131,852,589  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,035,426  
Total net realized gain (loss)  132,888,015 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (84,677,340)  
Total change in net unrealized appreciation (depreciation)  (84,677,340) 
Net gain (loss)  48,210,675 
Net increase (decrease) in net assets resulting from operations  $51,246,239 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,035,564 $16,877,772 
Net realized gain (loss) 132,888,015 (1,110,906) 
Change in net unrealized appreciation (depreciation) (84,677,340) 26,766,998 
Net increase (decrease) in net assets resulting from operations 51,246,239 42,533,864 
Distributions to shareholders (2,336,563) (18,251,363) 
Share transactions - net increase (decrease) 246,643,046 354,294,793 
Total increase (decrease) in net assets 295,552,722 378,577,294 
Net Assets   
Beginning of period 1,026,653,560 648,076,266 
End of period $1,322,206,282 $1,026,653,560 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $15.33 $15.01 $13.53 $12.06 $12.71 $12.07 
Income from Investment Operations       
Net investment income (loss)A .04 .31 .28 .28 .25 .26 
Net realized and unrealized gain (loss) .63 .34 1.49 1.50 (.63) .62 
Total from investment operations .67 .65 1.77 1.78 (.38) .88 
Distributions from net investment income B (.30) (.26) (.29) (.24)C (.24) 
Distributions from net realized gain (.03) (.03) (.04) (.02) (.01)C – 
Tax return of capital – – – – (.02) – 
Total distributions (.03) (.33) (.29)D (.31) (.27) (.24) 
Net asset value, end of period $15.97 $15.33 $15.01 $13.53 $12.06 $12.71 
Total ReturnE,F 4.40% 4.57% 13.09% 14.90% (2.96)% 7.27% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .13%I .15% .15% .15% .15% .15% 
Expenses net of fee waivers, if any .12%I .11% .12% .10% .08% .08% 
Expenses net of all reductions .12%I .11% .12% .10% .08% .08% 
Net investment income (loss) .50%I 2.06% 1.90% 2.18% 2.03% 2.10% 
Supplemental Data       
Net assets, end of period (000 omitted) $720,672 $510,460 $305,192 $181,697 $150,332 $183,117 
Portfolio turnover rateH 152%I 11% 6% 33% 7% 8% 

 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 of $.29 per share is comprised of distributions from net investment income of $.255 and distributions from net realized gain of $.036 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom Index 2055 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $15.34 $15.02 $13.54 $12.06 $13.00 
Income from Investment Operations      
Net investment income (loss)B .04 .32 .29 .28 .23 
Net realized and unrealized gain (loss) .65 .34 1.49 1.51 (.89) 
Total from investment operations .69 .66 1.78 1.79 (.66) 
Distributions from net investment income (.01) (.30) (.26) (.29) (.25)C 
Distributions from net realized gain (.03) (.03) (.04) (.02) (.01)C 
Tax return of capital – – – – (.02) 
Total distributions (.04) (.34)D (.30) (.31) (.28) 
Net asset value, end of period $15.99 $15.34 $15.02 $13.54 $12.06 
Total ReturnE,F 4.47% 4.61% 13.13% 14.98% (5.11)% 
Ratios to Average Net AssetsG,H      
Expenses before reductions .08%I .10% .10% .09% .05%I 
Expenses net of fee waivers, if any .07%I .05% .07% .05% .01%I 
Expenses net of all reductions .07%I .05% .07% .05% .01%I 
Net investment income (loss) .54%I 2.12% 1.95% 2.23% 2.63%I 
Supplemental Data      
Net assets, end of period (000 omitted) $601,534 $516,194 $342,884 $210,752 $135,214 
Portfolio turnover rateH 152%I 11% 6% 33% 7% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

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

 D Total distributions of $.34 per share is comprised of distributions from net investment income of $.302 and distributions from net realized gain of $.033 per share.

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

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

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

 H Amount does not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Freedom® Index 2060 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


Fidelity Freedom® Index 2060 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $246,698,796) 24,748,841 250,953,249 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $138,634,190) 11,441,413 141,530,275 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 2,937,294 30,606,606 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,310,500 13,118,108 
TOTAL BOND FUNDS   
(Cost $40,949,893)  43,724,714 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $426,282,879)  436,208,238 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (32,875) 
NET ASSETS - 100%  $436,175,363 

Legend

 (a) Non-income producing

 (b) Affiliated Fund

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $32,290,580 $2,722,402 $307,590 $14,132 $1,024,296 $30,606,606 
Fidelity Series Global ex U.S. Index Fund 80,422,864 61,877,000 2,330,440 -- 86,773 1,474,078 141,530,275 
Fidelity Series Long-Term Treasury Bond Index Fund 9,071,274 5,202,801 2,596,666 146,022 136,739 1,303,960 13,118,108 
Fidelity Series Total Market Index Fund -- 270,033,933 23,187,182 -- (147,955) 4,254,453 250,953,249 
Fidelity Total Market Index Fund Class F 188,090,302 11,414,751 205,934,595 892,541 25,578,880 (19,149,338) -- 
Fidelity U.S. Bond Index Fund Class F 21,004,026 1,141,848 22,104,189 47,741 129,899 (171,584) -- 
 $298,588,466 $381,960,913 $258,875,474 $1,393,894 $25,798,468 $(11,264,135) $436,208,238 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $426,282,879) $436,208,238  
Total Investment in Securities (cost $426,282,879)  $436,208,238 
Cash  
Receivable for investments sold  2,842,246 
Receivable for fund shares sold  2,240,580 
Total assets  441,291,065 
Liabilities   
Payable for investments purchased $4,608,063  
Payable for fund shares redeemed 474,774  
Accrued management fee 32,865  
Total liabilities  5,115,702 
Net Assets  $436,175,363 
Net Assets consist of:   
Paid in capital  $401,166,807 
Total accumulated earnings (loss)  35,008,556 
Net Assets  $436,175,363 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($249,070,803 ÷ 19,138,932 shares)  $13.01 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($187,104,560 ÷ 14,366,815 shares)  $13.02 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,088,361 
Expenses   
Management fee $127,477  
Transfer agent fees 67,662  
Independent trustees' fees and expenses 671  
Total expenses before reductions 195,810  
Expense reductions (16,277)  
Total expenses after reductions  179,533 
Net investment income (loss)  908,828 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 25,798,468  
Capital gain distributions from underlying funds:   
Affiliated issuers 305,533  
Total net realized gain (loss)  26,104,001 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (11,264,135)  
Total change in net unrealized appreciation (depreciation)  (11,264,135) 
Net gain (loss)  14,839,866 
Net increase (decrease) in net assets resulting from operations  $15,748,694 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $908,828 $4,641,573 
Net realized gain (loss) 26,104,001 (896,441) 
Change in net unrealized appreciation (depreciation) (11,264,135) 7,479,986 
Net increase (decrease) in net assets resulting from operations 15,748,694 11,225,118 
Distributions to shareholders (724,363) (4,993,298) 
Share transactions - net increase (decrease) 122,581,963 136,556,276 
Total increase (decrease) in net assets 137,606,294 142,788,096 
Net Assets   
Beginning of period 298,569,069 155,780,973 
End of period $436,175,363 $298,569,069 

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,     
 2019 2019 2018 2017 2016 2015 A 
Selected Per–Share Data       
Net asset value, beginning of period $12.49 $12.23 $11.04 $9.85 $10.33 $10.00 
Income from Investment Operations       
Net investment income (loss)B .03 .26 .24 .25 .25 .09 
Net realized and unrealized gain (loss) .52 .27 1.21 1.19 (.55) .40 
Total from investment operations .55 .53 1.45 1.44 (.30) .49 
Distributions from net investment income C (.24) (.20) (.22) (.18) (.16) 
Distributions from net realized gain (.03) (.03) (.06) (.03) C C 
Total distributions (.03) (.27) (.26) (.25) (.18) (.16) 
Net asset value, end of period $13.01 $12.49 $12.23 $11.04 $9.85 $10.33 
Total ReturnD,E 4.39% 4.54% 13.17% 14.80% (2.94)% 4.90% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .13%H .15% .15% .15% .15% .15%H 
Expenses net of fee waivers, if any .12%H .11% .12% .11% .08% .09%H 
Expenses net of all reductions .12%H .11% .12% .11% .08% .09%H 
Net investment income (loss) .48%H 2.13% 1.97% 2.41% 2.57% 1.35%H 
Supplemental Data       
Net assets, end of period (000 omitted) $249,071 $160,477 $82,123 $38,013 $16,979 $3,660 
Portfolio turnover rateG 143%H 15% 7% 41% 8% 33%H 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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


Fidelity Freedom Index 2060 Fund Institutional Premium Class

 Six months ended (Unaudited) September 30, Years endedMarch 31,    
 2019 2019 2018 2017 2016 A 
Selected Per–Share Data      
Net asset value, beginning of period $12.50 $12.23 $11.05 $9.85 $10.56 
Income from Investment Operations      
Net investment income (loss)B .03 .27 .24 .26 .13 
Net realized and unrealized gain (loss) .52 .27 1.21 1.19 (.66) 
Total from investment operations .55 .54 1.45 1.45 (.53) 
Distributions from net investment income C (.24) (.21) (.22) (.18) 
Distributions from net realized gain (.03) (.03) (.06) (.03) C 
Total distributions (.03) (.27) (.27) (.25) (.18) 
Net asset value, end of period $13.02 $12.50 $12.23 $11.05 $9.85 
Total ReturnD,E 4.40% 4.66% 13.12% 14.93% (5.05)% 
Ratios to Average Net AssetsF,G      
Expenses before reductions .08%H .10% .10% .09% .05%H 
Expenses net of fee waivers, if any .07%H .05% .07% .06% .01%H 
Expenses net of all reductions .07%H .05% .07% .06% .01%H 
Net investment income (loss) .53%H 2.19% 2.02% 2.47% 1.80%H 
Supplemental Data      
Net assets, end of period (000 omitted) $187,105 $138,092 $73,658 $28,478 $9,543 
Portfolio turnover rateG 143%H 15% 7% 41% 8% 

 A For the period June 24, 2015 (commencement of sale of shares) to March 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 2019

 % of fund's net assets 
Fidelity Series Total Market Index Fund 57.5 
Fidelity Series Global ex U.S. Index Fund 32.5 
Fidelity Series Bond Index Fund 7.0 
Fidelity Series Long-Term Treasury Bond Index Fund 3.0 
Fidelity Cash Central Fund 1.96% 0.0 
 100.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 57.5% 
   International Equity Funds 32.5% 
   Bond Funds 10.0% 


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

Fidelity Freedom® Index 2065 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 57.5%   
 Shares Value 
Fidelity Series Total Market Index Fund (a)(b)   
(Cost $1,045,751) 103,972 1,054,281 
International Equity Funds - 32.5%   
Fidelity Series Global ex U.S. Index Fund (b)   
(Cost $596,907) 48,069 594,617 
Bond Funds - 10.0%   
Fidelity Series Bond Index Fund (b) 12,337 128,550 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,504 55,098 
TOTAL BOND FUNDS   
(Cost $179,614)  183,648 
Short-Term Funds - 0.0%   
Fidelity Cash Central Fund 1.96% (c)   
(Cost $197) 197 197 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,822,469)  1,832,743 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (132) 
NET ASSETS - 100%  $1,832,611 

Legend

 (a) Non-income producing

 (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.

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 198 
Total $198 

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(a) Sales Proceeds(a) Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Series Bond Index Fund $-- $130,127 $2,966 $598 $1 $1,388 $128,550 
Fidelity Series Global ex U.S. Index Fund -- 597,409 471 -- (31) (2,290) 594,617 
Fidelity Series Long-Term Treasury Bond Index Fund -- 57,036 4,638 243 54 2,646 55,098 
Fidelity Series Total Market Index Fund -- 1,074,664 28,684 -- (229) 8,530 1,054,281 
 $-- $1,859,236 $36,759 $841 $(205) $10,274 $1,832,546 

 (a) Includes the value of shares purchased or redeemed through in-kind transactions, if applicable.

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

Investment Valuation

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

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


Fidelity Freedom® Index 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $197) $197  
Other affiliated issuers (cost $1,822,272) 1,832,546  
Total Investment in Securities (cost $1,822,469)  $1,832,743 
Cash  
Receivable for investments sold  5,246 
Receivable for fund shares sold  19,217 
Total assets  1,857,207 
Liabilities   
Payable for investments purchased $24,463  
Accrued management fee 133  
Total liabilities  24,596 
Net Assets  $1,832,611 
Net Assets consist of:   
Paid in capital  $1,821,827 
Total accumulated earnings (loss)  10,784 
Net Assets  $1,832,611 
Net Asset Value and Maximum Offering Price   
Investor Class:   
Net Asset Value, offering price and redemption price per share ($1,329,528 ÷ 132,154 shares)  $10.06 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($503,083 ÷ 50,000 shares)  $10.06 

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


Statement of Operations

  For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $841 
Income from Fidelity Central Funds  198 
Total income  1,039 
Expenses   
Management fee $323  
Independent trustees' fees and expenses  
Total expenses  324 
Net investment income (loss)  715 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (205)  
Total net realized gain (loss)  (205) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 10,274  
Total change in net unrealized appreciation (depreciation)  10,274 
Net gain (loss)  10,069 
Net increase (decrease) in net assets resulting from operations  $10,784 

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


Statement of Changes in Net Assets

 For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $715 
Net realized gain (loss) (205) 
Change in net unrealized appreciation (depreciation) 10,274 
Net increase (decrease) in net assets resulting from operations 10,784 
Share transactions - net increase (decrease) 1,821,827 
Total increase (decrease) in net assets 1,832,611 
Net Assets  
Beginning of period – 
End of period $1,832,611 

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) .05 
Total from investment operations .06 
Net asset value, end of period $10.06 
Total ReturnC .60% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .12%F 
Expenses net of fee waivers, if any .12%F 
Expenses net of all reductions .12%F 
Net investment income (loss) .21%F 
Supplemental Data  
Net assets, end of period (000 omitted) $1,330 
Portfolio turnover rateE 3%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) .05 
Total from investment operations .06 
Net asset value, end of period $10.06 
Total ReturnC .60% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .08%F 
Expenses net of fee waivers, if any .08%F 
Expenses net of all reductions .08%F 
Net investment income (loss) .25%F 
Supplemental Data  
Net assets, end of period (000 omitted) $503 
Portfolio turnover rateE 3%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2019

1. Organization.

Fidelity Freedom Index Income Fund, Fidelity Freedom Index 2005 Fund, Fidelity Freedom Index 2010 Fund, Fidelity Freedom Index 2015 Fund, Fidelity Freedom Index 2020 Fund, Fidelity Freedom Index 2025 Fund, Fidelity Freedom Index 2030 Fund, Fidelity Freedom Index 2035 Fund, Fidelity Freedom Index 2040 Fund, Fidelity Freedom Index 2045 Fund, Fidelity Freedom Index 2050 Fund, Fidelity Freedom Index 2055 Fund, 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. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). Each Fund offers Investor Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class.

2. Investments in Fidelity Central Funds.

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

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date 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 – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

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

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

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

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

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

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

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

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

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds, capital loss carryforwards and losses deferred due to wash sales.

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

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Freedom Index Income Fund $452,673,577 $14,664,715 $(903,467) $13,761,248 
Fidelity Freedom Index 2005 Fund 150,783,787 5,355,281 (196,173) 5,159,108 
Fidelity Freedom Index 2010 Fund 603,835,913 26,415,837 (587,218) 25,828,619 
Fidelity Freedom Index 2015 Fund 1,404,674,272 59,931,382 (1,266,344) 58,665,038 
Fidelity Freedom Index 2020 Fund 4,873,560,544 196,870,557 (4,750,611) 192,119,946 
Fidelity Freedom Index 2025 Fund 5,504,425,448 204,685,769 (10,533,855) 194,151,914 
Fidelity Freedom Index 2030 Fund 6,589,047,118 249,212,893 (13,391,644) 235,821,249 
Fidelity Freedom Index 2035 Fund 4,684,422,853 161,250,082 (15,849,150) 145,400,932 
Fidelity Freedom Index 2040 Fund 4,711,177,903 161,645,595 (16,959,172) 144,686,423 
Fidelity Freedom Index 2045 Fund 3,133,758,077 101,952,597 (12,311,918) 89,640,679 
Fidelity Freedom Index 2050 Fund 2,795,406,074 90,341,350 (10,918,100) 79,423,250 
Fidelity Freedom Index 2055 Fund 1,289,674,191 38,446,012 (5,814,161) 32,631,851 
Fidelity Freedom Index 2060 Fund 427,402,551 11,106,599 (2,300,912) 8,805,687 
Fidelity Freedom Index 2065 Fund 1,822,610 19,188 (9,055) 10,133 

4. Purchases and Sales of Investments.

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

 Purchases ($) Sales ($) 
Fidelity Freedom Index Income Fund 351,898,650 251,966,513 
Fidelity Freedom Index 2005 Fund 119,576,305 99,332,103 
Fidelity Freedom Index 2010 Fund 476,801,019 432,859,556 
Fidelity Freedom Index 2015 Fund 1,154,714,387 1,062,830,025 
Fidelity Freedom Index 2020 Fund 4,035,733,530 3,653,337,403 
Fidelity Freedom Index 2025 Fund 4,732,536,522 4,003,193,007 
Fidelity Freedom Index 2030 Fund 5,880,458,348 5,082,265,558 
Fidelity Freedom Index 2035 Fund 4,102,628,145 3,469,820,163 
Fidelity Freedom Index 2040 Fund 3,999,325,252 3,459,450,804 
Fidelity Freedom Index 2045 Fund 2,711,319,578 2,296,971,489 
Fidelity Freedom Index 2050 Fund 2,421,105,153 2,078,950,191 
Fidelity Freedom Index 2055 Fund 1,132,435,542 884,023,678 
Fidelity Freedom Index 2060 Fund 381,960,913 258,875,474 
Fidelity Freedom Index 2065 Fund 1,859,236 36,759 

5. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. FMR Co., Inc. (the investment adviser), an affiliate of FMR, provides the Funds with investment management related services. Effective June 1, 2019, under the management contract, Investor Class and Institutional Premium Class of each Fund pays an all-inclusive monthly management fee at an annual rate of .12% and .08% of class-level average net assets, respectively. Under the management contract, each Fund's investment adviser 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, effective June 1, 2019, under the expense contract, total expenses, including acquired fund fees and expenses, are limited to an annual rate of .12% and .08% of class-level average net assets for Investor Class and Institutional Premium Class, respectively, with certain exceptions.

Prior to June 1, 2019, the Funds did not pay any fees for investment management related services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc., (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives an asset-based fee of .15% and .10% of class-level average net assets for each Investor Class and Institutional Premium Class, respectively. Effective June 1, 2019, transfer agent fees are paid by the investment adviser and not by the Funds. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, transfer agent fees for each applicable class were as follows:

 Amount 
Fidelity Freedom Index Income Fund  
Investor Class $46,611 
Institutional Premium Class 30,673 
 $77,284 
Fidelity Freedom Index 2005 Fund  
Investor Class $16,998 
Institutional Premium Class 10,725 
 $27,723 
Fidelity Freedom Index 2010 Fund  
Investor Class $66,389 
Institutional Premium Class 51,862 
 $118,251 
Fidelity Freedom Index 2015 Fund  
Investor Class $186,197 
Institutional Premium Class 99,100 
 $285,297 
Fidelity Freedom Index 2020 Fund  
Investor Class $511,828 
Institutional Premium Class 418,323 
 $930,151 
Fidelity Freedom Index 2025 Fund  
Investor Class $624,268 
Institutional Premium Class 396,855 
 $1,021,123 
Fidelity Freedom Index 2030 Fund  
Investor Class $657,476 
Institutional Premium Class 548,139 
 $1,205,615 
Fidelity Freedom Index 2035 Fund  
Investor Class $526,442 
Institutional Premium Class 336,554 
 $862,996 
Fidelity Freedom Index 2040 Fund  
Investor Class $456,024 
Institutional Premium Class 405,795 
 $861,819 
Fidelity Freedom Index 2045 Fund  
Investor Class $327,859 
Institutional Premium Class 242,599 
 $570,458 
Fidelity Freedom Index 2050 Fund  
Investor Class $276,577 
Institutional Premium Class 231,307 
 $507,884 
Fidelity Freedom Index 2055 Fund  
Investor Class $134,287 
Institutional Premium Class 88,185 
 $222,472 
Fidelity Freedom Index 2060 Fund  
Investor Class $43,535 
Institutional Premium Class 24,127 
 $67,662 

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

Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity 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. Net realized gain (loss) on the redemptions of the selected Underlying Funds in connection with the reallocation is included in the accompanying Statements of Operations as "Net realized gain (loss) on Affiliated issuers."

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 

6. Expense Reductions.

FMR contractually agreed to reimburse expenses of each class of each Fund to the extent annual operating expenses, including acquired fund fees and expenses, exceeded certain levels of class-level average net assets as noted in the table below. Effective June 1, 2019, the expense limitations were discontinued. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, were excluded from this reimbursement.

The following classes of each applicable Fund were in reimbursement during the period April 1, 2019 through May 31, 2019:

 Expense Limitations Reimbursement 
Fidelity Freedom Index Income Fund   
Investor Class .14% $6,589 
Institutional Premium Class .08% 9,574 
Fidelity Freedom Index 2005 Fund   
Investor Class .14% $2,482 
Institutional Premium Class .08% 3,422 
Fidelity Freedom Index 2010 Fund   
Investor Class .14% $10,076 
Institutional Premium Class .08% 16,989 
Fidelity Freedom Index 2015 Fund   
Investor Class .14% $29,249 
Institutional Premium Class .08% 33,260 
Fidelity Freedom Index 2020 Fund   
Investor Class .14% $82,498 
Institutional Premium Class .08% 142,965 
Fidelity Freedom Index 2025 Fund   
Investor Class .14% $102,640 
Institutional Premium Class .08% 137,554 
Fidelity Freedom Index 2030 Fund   
Investor Class .14% $111,695 
Institutional Premium Class .08% 194,477 
Fidelity Freedom Index 2035 Fund   
Investor Class .14% $91,268 
Institutional Premium Class .08% 121,161 
Fidelity Freedom Index 2040 Fund   
Investor Class .14% $79,608 
Institutional Premium Class .08% 146,823 
Fidelity Freedom Index 2045 Fund   
Investor Class .14% $57,239 
Institutional Premium Class .08% 87,781 
Fidelity Freedom Index 2050 Fund   
Investor Class .14% $48,289 
Institutional Premium Class .08% 83,698 
Fidelity Freedom Index 2055 Fund   
Investor Class .14% $23,396 
Institutional Premium Class .08% 31,861 
Fidelity Freedom Index 2060 Fund   
Investor Class .14% $7,571 
Institutional Premium Class .08% 8,706 

In addition, 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 $1 
Fidelity Freedom Index 2030 Fund 
Fidelity Freedom Index 2040 Fund 

7. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2019 
Year ended
March 31, 2019 
Fidelity Freedom Index Income Fund   
Distributions to shareholders   
Investor Class $2,020,191 $4,309,033 
Institutional Premium Class 1,938,735 5,279,486 
Total $3,958,926 $9,588,519 
Fidelity Freedom Index 2005 Fund   
Distributions to shareholders   
Investor Class $338,452 $1,825,871 
Institutional Premium Class 331,727 1,783,478 
Total $670,179 $3,609,349 
Fidelity Freedom Index 2010 Fund   
Distributions to shareholders   
Investor Class $1,426,028 $11,154,439 
Institutional Premium Class 1,657,261 14,659,324 
Total $3,083,289 $25,813,763 
Fidelity Freedom Index 2015 Fund   
Distributions to shareholders   
Investor Class $3,600,504 $20,834,219 
Institutional Premium Class 2,894,979 18,747,388 
Total $6,495,483 $39,581,607 
Fidelity Freedom Index 2020 Fund   
Distributions to shareholders   
Investor Class $7,575,760 $41,266,067 
Institutional Premium Class 9,365,223 57,263,709 
Total $16,940,983 $98,529,776 
Fidelity Freedom Index 2025 Fund   
Distributions to shareholders   
Investor Class $8,845,970 $43,728,986 
Institutional Premium Class 8,449,860 47,930,503 
Total $17,295,830 $91,659,489 
Fidelity Freedom Index 2030 Fund   
Distributions to shareholders   
Investor Class $8,223,484 $45,602,939 
Institutional Premium Class 10,392,527 63,463,369 
Total $18,616,011 $109,066,308 
Fidelity Freedom Index 2035 Fund   
Distributions to shareholders   
Investor Class $5,856,602 $34,567,942 
Institutional Premium Class 5,755,583 37,120,831 
Total $11,612,185 $71,688,773 
Fidelity Freedom Index 2040 Fund   
Distributions to shareholders   
Investor Class $3,711,231 $31,350,412 
Institutional Premium Class 5,100,460 44,981,335 
Total $8,811,691 $76,331,747 
Fidelity Freedom Index 2045 Fund   
Distributions to shareholders   
Investor Class $2,713,799 $22,205,976 
Institutional Premium Class 3,142,198 26,649,613 
Total $5,855,997 $48,855,589 
Fidelity Freedom Index 2050 Fund   
Distributions to shareholders   
Investor Class $2,167,709 $19,232,468 
Institutional Premium Class 2,774,288 25,619,228 
Total $4,941,997 $44,851,696 
Fidelity Freedom Index 2055 Fund   
Distributions to shareholders   
Investor Class $1,165,871 $8,724,993 
Institutional Premium Class 1,170,692 9,526,370 
Total $2,336,563 $18,251,363 
Fidelity Freedom Index 2060 Fund   
Distributions to shareholders   
Investor Class $397,869 $2,638,488 
Institutional Premium Class 326,494 2,354,810 
Total $724,363 $4,993,298 

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, 2019 Year ended March 31, 2019 Six months ended September 30, 2019 Year ended March 31, 2019 
Fidelity Freedom Index Income Fund     
Investor Class     
Shares sold 7,685,139 7,035,250 $93,322,407 $82,758,749 
Reinvestment of distributions 165,003 366,694 2,006,664 4,269,683 
Shares redeemed (2,162,582) (4,086,293) (26,251,782) (48,160,938) 
Net increase (decrease) 5,687,560 3,315,651 $69,077,289 $38,867,494 
Institutional Premium Class     
Shares sold 4,617,014 5,886,820 $56,372,987 $69,374,216 
Reinvestment of distributions 159,664 453,713 1,938,735 5,279,486 
Shares redeemed (2,255,068) (4,643,305) (27,365,069) (54,808,561) 
Net increase (decrease) 2,521,610 1,697,228 $30,946,653 $19,845,141 
Fidelity Freedom Index 2005 Fund     
Investor Class     
Shares sold 1,845,590 2,253,310 $25,344,241 $29,947,370 
Reinvestment of distributions 24,910 140,272 336,280 1,803,843 
Shares redeemed (873,170) (1,953,826) (12,036,098) (26,057,217) 
Net increase (decrease) 997,330 439,756 $13,644,423 $5,693,996 
Institutional Premium Class     
Shares sold 1,046,542 1,620,499 $14,466,486 $21,540,891 
Reinvestment of distributions 24,572 138,724 331,727 1,783,478 
Shares redeemed (640,717) (983,108) (8,799,865) (13,085,027) 
Net increase (decrease) 430,397 776,115 $5,998,348 $10,239,342 
Fidelity Freedom Index 2010 Fund     
Investor Class     
Shares sold 5,193,786 5,771,585 $74,840,279 $81,505,254 
Reinvestment of distributions 99,885 823,634 1,416,368 11,068,928 
Shares redeemed (2,286,223) (5,457,456) (33,059,545) (77,073,023) 
Net increase (decrease) 3,007,448 1,137,763 $43,197,102 $15,501,159 
Institutional Premium Class     
Shares sold 2,331,895 4,337,444 $33,709,272 $61,124,398 
Reinvestment of distributions 116,873 1,090,496 1,657,261 14,659,324 
Shares redeemed (2,526,864) (5,965,314) (36,535,967) (84,304,772) 
Net increase (decrease) (78,096) (537,374) $(1,169,434) $(8,521,050) 
Fidelity Freedom Index 2015 Fund     
Investor Class     
Shares sold 12,645,384 17,774,428 $194,614,156 $264,687,745 
Reinvestment of distributions 237,095 1,473,364 3,584,882 20,768,001 
Shares redeemed (6,134,422) (14,106,234) (94,505,460) (210,347,643) 
Net increase (decrease) 6,748,057 5,141,558 $103,693,578 $75,108,103 
Institutional Premium Class     
Shares sold 4,713,382 12,287,250 $72,352,954 $182,433,555 
Reinvestment of distributions 191,594 1,330,071 2,894,979 18,747,388 
Shares redeemed (5,918,757) (11,585,083) (91,105,121) (172,896,470) 
Net increase (decrease) (1,013,781) 2,032,238 $(15,857,188) $28,284,473 
Fidelity Freedom Index 2020 Fund     
Investor Class     
Shares sold 40,806,981 50,193,972 $668,804,262 $787,934,660 
Reinvestment of distributions 468,712 2,768,771 7,536,882 41,081,740 
Shares redeemed (16,368,477) (34,254,076) (268,259,766) (536,638,542) 
Net increase (decrease) 24,907,216 18,708,667 $408,081,378 $292,377,858 
Institutional Premium Class     
Shares sold 18,455,979 47,876,632 $302,151,891 $749,518,480 
Reinvestment of distributions 582,777 3,856,922 9,365,222 57,263,709 
Shares redeemed (21,601,078) (40,690,617) (353,335,627) (640,546,169) 
Net increase (decrease) (2,562,322) 11,042,937 $(41,818,514) $166,236,020 
Fidelity Freedom Index 2025 Fund     
Investor Class     
Shares sold 48,754,587 61,472,271 $850,133,980 $1,025,488,901 
Reinvestment of distributions 514,849 2,779,801 8,819,371 43,582,590 
Shares redeemed (16,037,306) (30,179,744) (279,527,182) (503,791,920) 
Net increase (decrease) 33,232,130 34,072,328 $579,426,169 $565,279,571 
Institutional Premium Class     
Shares sold 22,894,678 50,063,202 $399,224,944 $833,661,681 
Reinvestment of distributions 493,278 3,055,412 8,449,859 47,930,503 
Shares redeemed (15,675,576) (24,864,319) (273,541,132) (416,320,702) 
Net increase (decrease) 7,712,380 28,254,295 $134,133,671 $465,271,482 
Fidelity Freedom Index 2030 Fund     
Investor Class     
Shares sold 48,738,214 61,247,727 $898,038,124 $1,075,752,581 
Reinvestment of distributions 452,900 2,781,424 8,202,025 45,475,945 
Shares redeemed (15,497,087) (30,759,454) (285,779,511) (535,990,755) 
Net increase (decrease) 33,694,027 33,269,697 $620,460,638 $585,237,771 
Institutional Premium Class     
Shares sold 25,380,140 52,465,628 $467,077,654 $920,277,350 
Reinvestment of distributions 573,856 3,878,934 10,392,527 63,463,369 
Shares redeemed (17,142,388) (25,113,110) (316,504,858) (443,991,743) 
Net increase (decrease) 8,811,608 31,231,452 $160,965,323 $539,748,976 
Fidelity Freedom Index 2035 Fund     
Investor Class     
Shares sold 37,485,938 48,198,907 $731,081,914 $898,339,757 
Reinvestment of distributions 302,812 2,015,651 5,823,067 34,341,782 
Shares redeemed (11,477,799) (19,821,822) (224,133,580) (368,557,433) 
Net increase (decrease) 26,310,951 30,392,736 $512,771,401 $564,124,106 
Institutional Premium Class     
Shares sold 17,609,138 35,972,492 $342,818,322 $669,708,444 
Reinvestment of distributions 299,147 2,175,524 5,755,582 37,120,831 
Shares redeemed (12,009,973) (14,215,858) (235,653,262) (267,109,887) 
Net increase (decrease) 5,898,312 23,932,158 $112,920,642 $439,719,388 
Fidelity Freedom Index 2040 Fund     
Investor Class     
Shares sold 30,704,952 41,329,948 $602,692,195 $774,688,756 
Reinvestment of distributions 191,029 1,827,516 3,702,135 31,275,666 
Shares redeemed (9,651,696) (21,182,507) (189,757,436) (393,490,190) 
Net increase (decrease) 21,244,285 21,974,957 $416,636,894 $412,474,232 
Institutional Premium Class     
Shares sold 18,144,675 37,037,978 $355,620,033 $694,294,350 
Reinvestment of distributions 263,318 2,626,265 5,100,461 44,981,335 
Shares redeemed (12,413,948) (17,159,339) (245,024,456) (324,466,363) 
Net increase (decrease) 5,994,045 22,504,904 $115,696,038 $414,809,322 
Fidelity Freedom Index 2045 Fund     
Investor Class     
Shares sold 23,699,634 31,102,330 $468,090,755 $587,084,685 
Reinvestment of distributions 138,898 1,281,792 2,709,906 22,141,391 
Shares redeemed (6,863,802) (14,162,066) (135,814,514) (266,043,441) 
Net increase (decrease) 16,974,730 18,222,056 $334,986,147 $343,182,635 
Institutional Premium Class     
Shares sold 13,610,309 27,665,080 $268,820,341 $521,974,540 
Reinvestment of distributions 160,973 1,540,297 3,142,197 26,649,613 
Shares redeemed (9,903,452) (10,564,473) (197,403,258) (201,369,366) 
Net increase (decrease) 3,867,830 18,640,904 $74,559,280 $347,254,787 
Fidelity Freedom Index 2050 Fund     
Investor Class     
Shares sold 19,890,964 27,266,599 $394,870,331 $515,705,720 
Reinvestment of distributions 110,342 1,103,518 2,162,705 19,161,115 
Shares redeemed (6,233,693) (13,249,805) (123,855,840) (247,155,684) 
Net increase (decrease) 13,767,613 15,120,312 $273,177,196 $287,711,151 
Institutional Premium Class     
Shares sold 12,801,543 26,474,364 $253,993,378 $502,180,707 
Reinvestment of distributions 141,545 1,473,866 2,774,288 25,619,228 
Shares redeemed (9,611,912) (13,013,944) (192,467,893) (249,087,489) 
Net increase (decrease) 3,331,176 14,934,286 $64,299,773 $278,712,446 
Fidelity Freedom Index 2055 Fund     
Investor Class     
Shares sold 16,061,096 19,363,119 $251,777,786 $289,383,068 
Reinvestment of distributions 75,182 633,759 1,163,811 8,717,335 
Shares redeemed (4,318,263) (7,026,163) (67,676,540) (104,209,605) 
Net increase (decrease) 11,818,015 12,970,715 $185,265,057 $193,890,798 
Institutional Premium Class     
Shares sold 9,032,379 15,924,100 $141,456,438 $238,583,757 
Reinvestment of distributions 75,577 691,027 1,170,692 9,526,370 
Shares redeemed (5,129,478) (5,791,641) (81,249,141) (87,706,132) 
Net increase (decrease) 3,978,478 10,823,486 $61,377,989 $160,403,995 
Fidelity Freedom Index 2060 Fund     
Investor Class     
Shares sold 8,377,641 9,205,501 $107,122,183 $112,467,080 
Reinvestment of distributions 31,478 234,999 396,929 2,633,167 
Shares redeemed (2,118,250) (3,307,359) (26,979,647) (39,824,298) 
Net increase (decrease) 6,290,869 6,133,141 $80,539,465 $75,275,949 
Institutional Premium Class     
Shares sold 5,348,862 7,592,609 $68,208,727 $92,988,816 
Reinvestment of distributions 25,871 209,909 326,494 2,354,810 
Shares redeemed (2,057,437) (2,773,756) (26,492,723) (34,063,299) 
Net increase (decrease) 3,317,296 5,028,762 $42,042,498 $61,280,327 
Fidelity Freedom Index 2065 Fund(a)     
Investor Class     
Shares sold 132,167 – $1,321,953 $– 
Shares redeemed (13) – (130) – 
Net increase (decrease) 132,154 – $1,321,823 $– 
Institutional Premium Class     
Shares sold 50,000 – $500,004 $– 
Net increase (decrease) 50,000 – $500,004 $– 

 (a) For the period June 28, 2019 (commencement of operations) to September 30, 2019.

9. Other.

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

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

Fund Fidelity Freedom Index 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 Series Bond Index Fund 17% 18% 18% – – – 
Fidelity Series Global ex U.S. Index Fund – 12% 17% 15% 16% 11% 
Fidelity Series Treasury Bill Index Fund 21% 13% – – – – 
Fidelity Series Total Market Index Fund – 12% 17% 15% 16% 11% 

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

Fund % of shares held 
Fidelity Series Bond Index Fund 81% 
Fidelity Series Global ex U.S. Index Fund  100% 
Fidelity Series Treasury Bill Index Fund 57% 
Fidelity Series Total Market Index Fund  100% 

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 Index 2065 Fund 55% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2019 to September 30, 2019) for each fund, with the exception of Fidelity Freedom Index 2065 and for the period (June 28, 2019 to September 30, 2019) for Fidelity Freedom Index 2065. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2019 to September 30, 2019).

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

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

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2019 
Expenses Paid
During Period 
Fidelity Freedom Index Income Fund     
Investor Class .12%    
Actual  $1,000.00 $1,042.70 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,043.10 $.41-B 
Hypothetical-C  $1,000.00 $1,024.60 $.40-D 
Fidelity Freedom Index 2005 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,043.70 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,044.60 $.41-B 
Hypothetical-C  $1,000.00 $1,024.60 $.40-D 
Fidelity Freedom Index 2010 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,045.00 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,045.10 $.41-B 
Hypothetical-C  $1,000.00 $1,024.60 $.40-D 
Fidelity Freedom Index 2015 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,046.10 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,046.30 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2020 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,046.90 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,046.40 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2025 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,047.10 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,047.20 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2030 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,047.70 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,047.20 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2035 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,045.30 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,045.50 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2040 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,044.30 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,044.40 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2045 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,044.00 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,044.70 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2050 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,044.30 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,044.40 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2055 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,044.00 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,044.70 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2060 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,043.90 $.61-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .07%    
Actual  $1,000.00 $1,044.00 $.36-B 
Hypothetical-C  $1,000.00 $1,024.65 $.35-D 
Fidelity Freedom Index 2065 Fund     
Investor Class .12%    
Actual  $1,000.00 $1,006.00 $.31-B 
Hypothetical-C  $1,000.00 $1,024.40 $.61-D 
Institutional Premium Class .08%    
Actual  $1,000.00 $1,006.00 $.21-B 
Hypothetical-C  $1,000.00 $1,024.60 $.40-D 

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

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period) for each fund, with the exception of Fidelity Freedom Index 2065 and multiplied by 95/366 (to reflect the period June 28, 2019 to September 30, 2019) for Fidelity Freedom Index 2065. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), 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 2019 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 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.

Approval of Amended and Restated Advisory Contracts. At its September 2019 meeting, the Board also unanimously determined to approve amended and restated management contracts (Amended and Restated Contracts) in connection with an upcoming consolidation of certain of Fidelity's advisory businesses. The Board considered that, on or about January 1, 2020, FMRC expects to merge with and into FMR and, after the merger, FMR expects to redomicile as a Delaware limited liability company. The Board noted that the Amended and Restated Contracts will reflect the replacement of FMRC with FMR and will take effect upon the completion of the merger. The Board noted that references to FMR in the Amended and Restated Contracts would be updated to reflect FMR's new form of organization and domicile. The Board also noted Fidelity's assurance that neither the planned consolidation nor the Amended and Restated Contracts will change the 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.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the 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.

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 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 and index funds; (vii) lowering expense caps for certain existing funds and classes, and converting certain voluntary expense caps to contractual caps, to reduce expenses borne by shareholders; (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) and a peer group of funds with similar objectives (peer group), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

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

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

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.

With respect to Freedom Index® 2065 Fund, the Board considered that it received and reviewed information regarding the fund's management fee rate and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the approval of the management contract in January 2019. The Board noted that, because the fund did not commence operations until June 2019, no new competitive management fee and expense information was considered by the Board.

Management Fee.  The Board noted that each fund's current Advisory Contract, which imposes a class-level management fee that covers most expenses of the top-level fund and underlying funds, rather than just management services, went into effect on June 1, 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 the fund did not pay a top-level management fee.

The Board considered two proprietary management fee comparisons for 2018 shown in basis points (BP) in the charts below, which reflect the funds' fee structure effective June 1, 2019, as if it was in effect for 2018. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s and the number of funds in the Total Mapped Group are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and was considered by the Board.

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


Fidelity Freedom Index Income Fund


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 2018. 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 2018. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2019. The Board further considered that the total expense ratio for each fund ranks below median.

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

Total Expense Ratio.  In its review of the total expense ratio of each class of each fund, the Board considered the fund's current class-level management fee rate under the current Advisory Contract. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the 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 current total expense ratio of each class of each fund compared to the median total expenses for competitor funds (including expenses of underlying funds) based on competitive data for 2018. 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 2018.

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 (except Freedom Index® 2065 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.

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

The Board also reviewed Fidelity's non-fund businesses and potential 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 noted that changes to fall-out benefits year-over-year reflect business developments at Fidelity's various businesses. The Board considered that a joint ad hoc committee created by it and the boards of other Fidelity funds had recently been established, and meets periodically, to evaluate potential fall-out benefits. The Board noted that the committee was expected to, among other things: (i) discuss the legal framework surrounding potential fall-out benefits; (ii) review the Board's responsibilities and approach to potential fall-out benefits; and (iii) review practices employed by competitor funds regarding the review of potential fall-out benefits. The Board noted that it would consider the committee's findings in connection with future consideration of contract renewals.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund 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 practices of certain sub-advisers regarding their receipt of research from broker-dealers that execute the funds' portfolio transactions; (vi) the terms of Fidelity's voluntary expense limitation agreements; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the impact on fund profitability of recent changes in total net assets for Fidelity's money market funds, anticipated changes to the competitive landscape for money market funds, and the level of investor comfort with gates, fees, and floating NAVs; (xi) the funds' share class structures and distribution channels; and (xii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

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

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Index 2065 Fund

On January 17, 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees’ counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity’s staffing as it relates to the fund, including the backgrounds of investment personnel of FMRC, and also considered the fund’s investment objective, strategies, and related investment philosophy. 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 the fund.

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

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

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

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund’s Advisory Contract. The Board considered FMRC’s strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

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

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered the fund’s proposed class-level management fee rate, which will cover most expenses of the top-level fund and underlying funds. In reviewing the Advisory Contract, the Board also considered the projected total expense ratio of each class of the fund. The Board noted that the fund’s proposed management fee rate ranks equal to the median of its competitor funds.

Based on its review, the Board concluded that the management fee and the projected total expense ratio of each class of the fund’s management fee and projected total expense ratio 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 fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund’s Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the Series Funds in which the fund invests and servicing the fund’s shareholders.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It is noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors that pay top-level management fees, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.

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 the fund’s Advisory Contract should be approved.





Fidelity Investments

FRX-SANN-1119
1.899267.109




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

















Semi-Annual Report

September 30, 2019

Fidelity Investments



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

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. © 2019 FMR LLC. All rights reserved.



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

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

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

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 38.5 
Fidelity Series Government Money Market Fund 2.07% 18.7 
Fidelity Series Inflation-Protected Bond Index Fund 11.9 
Fidelity Series Short-Term Credit Fund 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.0 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Long-Term Treasury Bond Index Fund 2.6 
Fidelity Series International Growth Fund 2.4 
Fidelity Series International Value Fund 2.2 
Fidelity Series Intrinsic Opportunities Fund 1.2 
 89.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 10.6% 
   International Equity Funds 10.7% 
   Bond Funds 55.2% 
   Short-Term Funds 23.5% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.93% to 1.95% 11/29/19 to 12/5/19(a)   
(Cost $1,534,980) 1,540,000 1,535,333 
 Shares Value 
Domestic Equity Funds - 10.6%   
Fidelity Series All-Sector Equity Fund (b) 981,893 $9,946,572 
Fidelity Series Blue Chip Growth Fund (b) 1,276,507 17,015,844 
Fidelity Series Commodity Strategy Fund (b) 25,640,479 117,689,798 
Fidelity Series Growth Company Fund (b) 1,997,428 34,275,872 
Fidelity Series Intrinsic Opportunities Fund (b) 2,712,180 42,391,373 
Fidelity Series Large Cap Stock Fund (b) 2,642,117 38,284,269 
Fidelity Series Large Cap Value Index Fund (b) 819,661 10,704,771 
Fidelity Series Opportunistic Insights Fund (b) 1,048,613 18,896,000 
Fidelity Series Small Cap Discovery Fund (b) 441,618 5,007,953 
Fidelity Series Small Cap Opportunities Fund (b) 1,223,115 15,741,487 
Fidelity Series Stock Selector Large Cap Value Fund (b) 2,336,338 29,134,135 
Fidelity Series Value Discovery Fund (b) 1,644,818 21,399,083 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $297,142,833)  360,487,157 
International Equity Funds - 10.7%   
Fidelity Series Canada Fund (b) 845,505 9,359,742 
Fidelity Series Emerging Markets Fund (b) 1,449,266 13,347,743 
Fidelity Series Emerging Markets Opportunities Fund (b) 7,317,758 135,963,941 
Fidelity Series International Growth Fund (b) 5,075,940 83,093,143 
Fidelity Series International Small Cap Fund (b) 1,205,923 19,463,593 
Fidelity Series International Value Fund (b) 8,101,028 76,959,770 
Fidelity Series Overseas Fund (b) 2,794,631 27,722,739 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $298,503,632)  365,910,671 
Bond Funds - 55.2%   
Fidelity Series Emerging Markets Debt Fund (b) 2,673,781 25,133,541 
Fidelity Series Floating Rate High Income Fund (b) 477,958 4,440,227 
Fidelity Series High Income Fund (b) 2,627,245 24,958,828 
Fidelity Series Inflation-Protected Bond Index Fund (b) 40,295,344 406,177,067 
Fidelity Series International Credit Fund (b) 199,366 2,087,367 
Fidelity Series Investment Grade Bond Fund (b) 112,942,043 1,310,127,701 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 8,734,955 87,436,896 
Fidelity Series Real Estate Income Fund (b) 1,546,234 17,333,288 
TOTAL BOND FUNDS   
(Cost $1,770,952,657)  1,877,694,915 
Short-Term Funds - 23.5%   
Fidelity Cash Central Fund 1.96% (c) 4,631,879 4,632,805 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 634,981,879 634,981,879 
Fidelity Series Short-Term Credit Fund (b) 15,788,020 159,143,238 
TOTAL SHORT-TERM FUNDS   
(Cost $797,002,871)  798,757,922 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $3,165,136,973)  3,404,385,998 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,118,345) 
NET ASSETS - 100%  $3,403,267,653 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 56 Dec. 2019 $8,339,800 $(56,551) $(56,551) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 119 Dec. 2019 5,961,305 (175,213) (175,213) 
TOTAL PURCHASED     (231,764) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 104 Dec. 2019 9,871,680 41,807 41,807 
TOTAL FUTURES CONTRACTS     $(189,957) 

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

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

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 $1,501,433.

 (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 $42,583 
Total $42,583 

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 $10,318,814 $657,652 $1,560,488 $-- $149,245 $381,349 $9,946,572 
Fidelity Series Blue Chip Growth Fund 22,182,241 1,992,469 5,700,999 1,763,664 1,597,659 (3,055,526) 17,015,844 
Fidelity Series Canada Fund 6,782,976 2,319,338 366,773 -- 2,382 621,819 9,359,742 
Fidelity Series Commodity Strategy Fund 78,042,984 49,702,378 5,819,854 1,054,904 (522,929) (3,712,781) 117,689,798 
Fidelity Series Emerging Markets Debt Fund 25,629,199 1,050,637 1,043,464 759,760 (13,539) (489,292) 25,133,541 
Fidelity Series Emerging Markets Fund 12,258,731 2,275,207 459,434 -- (4,292) (722,469) 13,347,743 
Fidelity Series Emerging Markets Opportunities Fund 114,538,710 27,409,204 6,570,296 -- 211,646 374,677 135,963,941 
Fidelity Series Floating Rate High Income Fund 4,460,729 193,148 223,446 130,819 (5,099) 14,895 4,440,227 
Fidelity Series Government Money Market Fund 2.07% 600,538,386 65,310,059 30,866,566 7,254,422 -- -- 634,981,879 
Fidelity Series Growth Company Fund 43,711,719 461,650 10,716,168 -- 3,382,974 (2,564,303) 34,275,872 
Fidelity Series High Income Fund 29,587,852 1,116,157 6,025,908 822,344 260,602 20,125 24,958,828 
Fidelity Series Inflation-Protected Bond Index Fund 443,884,166 15,622,059 67,179,191 888,771 171,997 13,678,036 406,177,067 
Fidelity Series International Credit Fund 1,946,138 37,998 -- 25,864 -- 103,231 2,087,367 
Fidelity Series International Growth Fund 79,536,330 969,096 3,506,562 -- 154,689 5,939,590 83,093,143 
Fidelity Series International Small Cap Fund 19,317,262 231,299 837,617 -- (17,644) 770,293 19,463,593 
Fidelity Series International Value Fund 76,114,541 2,378,301 3,142,534 -- (71,969) 1,681,431 76,959,770 
Fidelity Series Intrinsic Opportunities Fund 53,136,678 4,141,392 12,650,571 1,726,646 2,414,332 (4,650,458) 42,391,373 
Fidelity Series Investment Grade Bond Fund 1,265,729,572 57,368,027 59,549,876 19,805,620 (297,020) 46,876,998 1,310,127,701 
Fidelity Series Large Cap Stock Fund 46,058,050 3,537,216 11,103,893 1,852,897 1,556,398 (1,763,502) 38,284,269 
Fidelity Series Large Cap Value Index Fund 13,176,613 208,868 3,323,934 -- 657,413 (14,189) 10,704,771 
Fidelity Series Long-Term Treasury Bond Index Fund 153,967,657 3,358,966 85,509,666 1,852,958 7,180,801 8,439,138 87,436,896 
Fidelity Series Opportunistic Insights Fund 23,344,444 250,912 5,539,637 -- 1,959,102 (1,118,821) 18,896,000 
Fidelity Series Overseas Fund -- 27,408,655 -- -- -- 314,084 27,722,739 
Fidelity Series Real Estate Income Fund 16,745,875 827,656 700,267 632,245 9,228 450,796 17,333,288 
Fidelity Series Short-Term Credit Fund 150,905,338 14,345,258 7,764,537 2,098,656 491 1,656,688 159,143,238 
Fidelity Series Small Cap Discovery Fund 6,192,282 193,703 1,512,354 127,335 165,745 (31,423) 5,007,953 
Fidelity Series Small Cap Opportunities Fund 18,448,340 1,408,521 3,506,570 970,676 902,112 (1,510,916) 15,741,487 
Fidelity Series Stock Selector Large Cap Value Fund 35,698,360 1,097,920 9,547,918 -- 1,351,678 534,095 29,134,135 
Fidelity Series Value Discovery Fund 25,022,092 834,019 5,423,602 -- 1,004,598 (38,024) 21,399,083 
 $3,377,276,079 $286,707,765 $350,152,125 $41,767,581 $22,200,600 $62,185,541 $3,398,217,860 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $1,535,333 $-- $1,535,333 $-- 
Domestic Equity Funds 360,487,157 360,487,157 -- -- 
International Equity Funds 365,910,671 365,910,671 -- -- 
Bond Funds 1,877,694,915 1,877,694,915 -- -- 
Short-Term Funds 798,757,922 798,757,922 -- -- 
Total Investments in Securities: $3,404,385,998 $3,402,850,665 $1,535,333 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $41,807 $41,807 $-- $-- 
Total Assets $41,807 $41,807 $-- $-- 
Liabilities     
Futures Contracts $(231,764) $(231,764) $-- $-- 
Total Liabilities $(231,764) $(231,764) $-- $-- 
Total Derivative Instruments: $(189,957) $(189,957) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $41,807 $(231,764) 
Total Equity Risk 41,807 (231,764) 
Total Value of Derivatives $41,807 $(231,764) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,534,980) 
$1,535,333  
Fidelity Central Funds (cost $4,632,799) 4,632,805  
Other affiliated issuers (cost $3,158,969,194) 3,398,217,860  
Total Investment in Securities (cost $3,165,136,973)  $3,404,385,998 
Cash  153 
Receivable for investments sold  19,903,739 
Receivable for fund shares sold  2,397,722 
Distributions receivable from Fidelity Central Funds  6,100 
Receivable for daily variation margin on futures contracts  140,169 
Total assets  3,426,833,881 
Liabilities   
Payable for investments purchased $12,714,824  
Payable for fund shares redeemed 9,596,042  
Accrued management fee 1,255,362  
Total liabilities  23,566,228 
Net Assets  $3,403,267,653 
Net Assets consist of:   
Paid in capital  $3,134,762,620 
Total accumulated earnings (loss)  268,505,033 
Net Assets  $3,403,267,653 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom Income Fund:   
Net Asset Value, offering price and redemption price per share ($1,998,240,405 ÷ 171,118,862 shares)  $11.68 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,222,797,831 ÷ 104,869,780 shares)  $11.66 
Class K6:   
Net Asset Value, offering price and redemption price per share ($182,229,417 ÷ 15,632,522 shares)  $11.66 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $36,909,677 
Interest  12,460 
Income from Fidelity Central Funds  42,583 
Total income  36,964,720 
Expenses   
Management fee $7,463,925  
Independent trustees' fees and expenses 6,780  
Total expenses before reductions 7,470,705  
Expense reductions (15)  
Total expenses after reductions  7,470,690 
Net investment income (loss)  29,494,030 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 721  
Affiliated issuers 22,200,600  
Futures contracts 2,081,247  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,857,904  
Total net realized gain (loss)  29,140,472 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 297  
Affiliated issuers 62,185,541  
Futures contracts 189,671  
Total change in net unrealized appreciation (depreciation)  62,375,509 
Net gain (loss)  91,515,981 
Net increase (decrease) in net assets resulting from operations  $121,010,011 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $29,494,030 $71,396,925 
Net realized gain (loss) 29,140,472 94,239,848 
Change in net unrealized appreciation (depreciation) 62,375,509 (64,771,569) 
Net increase (decrease) in net assets resulting from operations 121,010,011 100,865,204 
Distributions to shareholders (50,926,544) (178,193,341) 
Share transactions - net increase (decrease) (49,035,857) (260,021,875) 
Total increase (decrease) in net assets 21,047,610 (337,350,012) 
Net Assets   
Beginning of period 3,382,220,043 3,719,570,055 
End of period $3,403,267,653 $3,382,220,043 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.44 $11.69 $11.57 $11.26 $11.75 $11.86 
Income from Investment Operations       
Net investment income (loss)A .10 .23 .18 .19 .21 .21 
Net realized and unrealized gain (loss) .31 .11 .38 .49 (.27) .28 
Total from investment operations .41 .34 .56 .68 (.06) .49 
Distributions from net investment income (.09) (.23) (.19) (.20)B (.21) (.20) 
Distributions from net realized gain (.08) (.36) (.25) (.17)B (.22) (.40) 
Total distributions (.17) (.59) (.44) (.37) (.43) (.60) 
Net asset value, end of period $11.68 $11.44 $11.69 $11.57 $11.26 $11.75 
Total ReturnC,D 3.64% 3.08% 4.86% 6.16% (.45)% 4.31% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .47%G .46%H .39% - %I - %I - %I 
Expenses net of fee waivers, if any .47%G .46%H .39% -% -% -% 
Expenses net of all reductions .47%G .46%H .39% -% -% -% 
Net investment income (loss) 1.72%G 2.02% 1.57% 1.70% 1.86% 1.77% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,998,240 $1,978,263 $2,111,741 $2,137,752 $2,184,994 $2,483,848 
Portfolio turnover rateF 17%G 22% 17%J 31% 20% 26%J 

 A Calculated based on average shares outstanding during the period.

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

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

 I Amount represents less than .005%.

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

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


Fidelity Freedom Income Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.42 $11.68 $11.76 
Income from Investment Operations    
Net investment income (loss)B .10 .24 .19 
Net realized and unrealized gain (loss) .32 .09 .05 
Total from investment operations .42 .33 .24 
Distributions from net investment income (.10) (.24) (.16) 
Distributions from net realized gain (.08) (.36) (.17) 
Total distributions (.18) (.59)C (.32)D 
Net asset value, end of period $11.66 $11.42 $11.68 
Total ReturnE,F 3.68% 3.04% 2.06% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .42%I .41%J .42%I 
Expenses net of fee waivers, if any .42%I .41%J .42%I 
Expenses net of all reductions .42%I .41%J .42%I 
Net investment income (loss) 1.77%I 2.07% 2.32%I 
Supplemental Data    
Net assets, end of period (000 omitted) $1,222,798 $1,236,535 $1,568,576 
Portfolio turnover rateH 17%I 22% 17%K 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom Income Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.42 $11.68 $11.68 
Income from Investment Operations    
Net investment income (loss)B .10 .24 .18 
Net realized and unrealized gain (loss) .32 .11 .15 
Total from investment operations .42 .35 .33 
Distributions from net investment income (.10) (.25) (.17) 
Distributions from net realized gain (.08) (.36) (.17) 
Total distributions (.18) (.61) (.33)C 
Net asset value, end of period $11.66 $11.42 $11.68 
Total ReturnD,E 3.71% 3.16% 2.86% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .37%H .37% .37%H 
Expenses net of fee waivers, if any .37%H .37% .37%H 
Expenses net of all reductions .37%H .37% .37%H 
Net investment income (loss) 1.82%H 2.12% 1.91%H 
Supplemental Data    
Net assets, end of period (000 omitted) $182,229 $167,422 $39,253 
Portfolio turnover rateG 17%H 22% 17%I 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Freedom® 2005 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 36.0 
Fidelity Series Government Money Market Fund 2.07% 15.9 
Fidelity Series Inflation-Protected Bond Index Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 4.5 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series International Growth Fund 3.2 
Fidelity Series International Value Fund 3.0 
Fidelity Series Long-Term Treasury Bond Index Fund 2.6 
Fidelity Series Intrinsic Opportunities Fund 2.1 
 85.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.2% 
   International Equity Funds 13.3% 
   Bond Funds 51.4% 
   Short-Term Funds 20.1% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.95% 11/29/19 to 12/26/19(a)   
(Cost $398,690) 400,000 398,779 
 Shares Value 
Domestic Equity Funds - 15.2%   
Fidelity Series All-Sector Equity Fund (b) 469,545 $4,756,493 
Fidelity Series Blue Chip Growth Fund (b) 606,932 8,090,407 
Fidelity Series Commodity Strategy Fund (b) 7,396,426 33,949,597 
Fidelity Series Growth Company Fund (b) 960,111 16,475,501 
Fidelity Series Intrinsic Opportunities Fund (b) 1,296,950 20,271,321 
Fidelity Series Large Cap Stock Fund (b) 1,247,544 18,076,919 
Fidelity Series Large Cap Value Index Fund (b) 391,947 5,118,834 
Fidelity Series Opportunistic Insights Fund (b) 499,629 9,003,312 
Fidelity Series Small Cap Discovery Fund (b) 211,169 2,394,655 
Fidelity Series Small Cap Opportunities Fund (b) 565,099 7,272,826 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,117,179 13,931,220 
Fidelity Series Value Discovery Fund (b) 774,893 10,081,354 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $123,410,998)  149,422,439 
International Equity Funds - 13.3%   
Fidelity Series Canada Fund (b) 319,122 3,532,675 
Fidelity Series Emerging Markets Fund (b) 470,553 4,333,790 
Fidelity Series Emerging Markets Opportunities Fund (b) 2,398,696 44,567,769 
Fidelity Series International Growth Fund (b) 1,889,850 30,936,840 
Fidelity Series International Small Cap Fund (b) 431,921 6,971,199 
Fidelity Series International Value Fund (b) 3,126,793 29,704,537 
Fidelity Series Overseas Fund (b) 1,028,156 10,199,305 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $108,474,065)  130,246,115 
Bond Funds - 51.4%   
Fidelity Series Emerging Markets Debt Fund (b) 747,500 7,026,499 
Fidelity Series Floating Rate High Income Fund (b) 183,524 1,704,939 
Fidelity Series High Income Fund (b) 759,198 7,212,380 
Fidelity Series Inflation-Protected Bond Index Fund (b) 10,412,430 104,957,293 
Fidelity Series International Credit Fund (b) 54,306 568,581 
Fidelity Series Investment Grade Bond Fund (b) 30,431,109 353,000,867 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,519,693 25,222,129 
Fidelity Series Real Estate Income Fund (b) 443,733 4,974,251 
TOTAL BOND FUNDS   
(Cost $489,888,826)  504,666,939 
Short-Term Funds - 20.1%   
Fidelity Cash Central Fund 1.96% (c) 1,326,150 1,326,416 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 156,284,659 156,284,659 
Fidelity Series Short-Term Credit Fund (b) 3,900,498 39,317,018 
TOTAL SHORT-TERM FUNDS   
(Cost $196,545,044)  196,928,093 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $918,717,623)  981,662,365 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (324,474) 
NET ASSETS - 100%  $981,337,891 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $744,625 $2,717 $2,717 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 47 Dec. 2019 2,354,465 (75,574) (75,574) 
TOTAL PURCHASED     (72,857) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 34 Dec. 2019 3,227,280 11,818 11,818 
TOTAL FUTURES CONTRACTS     $(61,039) 

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

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

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 $398,779.

 (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 $27,175 
Total $27,175 

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 $5,167,025 $207,893 $884,139 $-- $(75,561) $341,275 $4,756,493 
Fidelity Series Blue Chip Growth Fund 10,714,747 1,207,389 3,116,280 833,309 752,313 (1,467,762) 8,090,407 
Fidelity Series Canada Fund 2,942,173 545,069 191,174 -- 1,146 235,461 3,532,675 
Fidelity Series Commodity Strategy Fund 22,210,604 14,923,057 1,962,177 298,739 (131,009) (1,090,878) 33,949,597 
Fidelity Series Emerging Markets Debt Fund 7,076,150 503,902 415,380 209,924 (2,566) (135,607) 7,026,499 
Fidelity Series Emerging Markets Fund 4,370,696 468,506 242,855 -- (1,888) (260,669) 4,333,790 
Fidelity Series Emerging Markets Opportunities Fund 40,831,027 7,124,439 3,560,211 -- 196,982 (24,468) 44,567,769 
Fidelity Series Floating Rate High Income Fund 1,677,604 112,532 88,807 49,536 (1,223) 4,833 1,704,939 
Fidelity Series Government Money Market Fund 2.07% 142,976,866 22,757,342 9,449,549 1,746,402 -- -- 156,284,659 
Fidelity Series Growth Company Fund 19,862,990 757,648 4,511,107 -- 1,324,807 (958,837) 16,475,501 
Fidelity Series High Income Fund 8,434,501 520,409 1,822,977 234,663 (77,078) 157,525 7,212,380 
Fidelity Series Inflation-Protected Bond Index Fund 108,580,484 8,648,678 15,648,492 219,694 (762,971) 4,139,594 104,957,293 
Fidelity Series International Credit Fund 530,111 10,356 -- 7,045 -- 28,114 568,581 
Fidelity Series International Growth Fund 29,240,204 1,282,946 1,833,212 -- 159,490 2,087,412 30,936,840 
Fidelity Series International Small Cap Fund 6,883,875 302,573 485,727 -- 30,114 240,364 6,971,199 
Fidelity Series International Value Fund 29,262,318 1,621,989 1,833,212 -- (64,291) 717,733 29,704,537 
Fidelity Series Intrinsic Opportunities Fund 24,327,265 2,152,876 5,158,426 826,384 657,958 (1,708,352) 20,271,321 
Fidelity Series Investment Grade Bond Fund 329,002,771 30,374,831 18,703,384 5,229,859 (29,085) 12,355,734 353,000,867 
Fidelity Series Large Cap Stock Fund 21,133,601 1,842,602 4,803,656 868,368 586,703 (682,331) 18,076,919 
Fidelity Series Large Cap Value Index Fund 6,166,714 228,335 1,573,190 -- 234,396 62,579 5,118,834 
Fidelity Series Long-Term Treasury Bond Index Fund 45,403,111 1,886,847 26,642,788 545,740 2,118,195 2,456,764 25,222,129 
Fidelity Series Opportunistic Insights Fund 10,857,111 407,850 2,650,736 -- 944,483 (555,396) 9,003,312 
Fidelity Series Overseas Fund -- 10,121,385 -- -- -- 77,920 10,199,305 
Fidelity Series Real Estate Income Fund 4,744,981 377,030 278,319 179,599 275 130,284 4,974,251 
Fidelity Series Short-Term Credit Fund 35,315,067 5,958,754 2,350,699 498,935 168 393,728 39,317,018 
Fidelity Series Small Cap Discovery Fund 3,063,684 166,824 908,267 59,529 98,181 (25,767) 2,394,655 
Fidelity Series Small Cap Opportunities Fund 8,926,958 851,002 2,229,251 457,307 168,276 (444,159) 7,272,826 
Fidelity Series Stock Selector Large Cap Value Fund 16,188,284 695,488 3,827,551 -- 557,638 317,361 13,931,220 
Fidelity Series Value Discovery Fund 11,572,732 587,661 2,533,256 -- 278,136 176,081 10,081,354 
 $957,463,654 $116,646,213 $117,704,822 $12,265,033 $6,963,589 $16,568,536 $979,937,170 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $398,779 $-- $398,779 $-- 
Domestic Equity Funds 149,422,439 149,422,439 -- -- 
International Equity Funds 130,246,115 130,246,115 -- -- 
Bond Funds 504,666,939 504,666,939 -- -- 
Short-Term Funds 196,928,093 196,928,093 -- -- 
Total Investments in Securities: $981,662,365 $981,263,586 $398,779 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $14,535 $14,535 $-- $-- 
Total Assets $14,535 $14,535 $-- $-- 
Liabilities     
Futures Contracts $(75,574) $(75,574) $-- $-- 
Total Liabilities $(75,574) $(75,574) $-- $-- 
Total Derivative Instruments: $(61,039) $(61,039) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $14,535 $(75,574) 
Total Equity Risk 14,535 (75,574) 
Total Value of Derivatives $14,535 $(75,574) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $398,690) 
$398,779  
Fidelity Central Funds (cost $1,326,416) 1,326,416  
Other affiliated issuers (cost $916,992,517) 979,937,170  
Total Investment in Securities (cost $918,717,623)  $981,662,365 
Cash  57 
Receivable for investments sold  5,982,848 
Receivable for fund shares sold  1,009,413 
Distributions receivable from Fidelity Central Funds  1,827 
Receivable for daily variation margin on futures contracts  40,139 
Total assets  988,696,649 
Liabilities   
Payable for investments purchased $3,200,001  
Payable for fund shares redeemed 3,792,283  
Accrued management fee 366,474  
Total liabilities  7,358,758 
Net Assets  $981,337,891 
Net Assets consist of:   
Paid in capital  $903,440,472 
Total accumulated earnings (loss)  77,897,419 
Net Assets  $981,337,891 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($571,509,851 ÷ 45,953,062 shares)  $12.44 
Class K:   
Net Asset Value, offering price and redemption price per share ($352,909,011 ÷ 28,412,177 shares)  $12.42 
Class K6:   
Net Asset Value, offering price and redemption price per share ($56,919,029 ÷ 4,588,554 shares)  $12.40 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $9,994,783 
Interest  4,750 
Income from Fidelity Central Funds  27,175 
Total income  10,026,708 
Expenses   
Management fee $2,166,705  
Independent trustees' fees and expenses 1,930  
Total expenses before reductions 2,168,635  
Expense reductions (35)  
Total expenses after reductions  2,168,600 
Net investment income (loss)  7,858,108 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 268  
Affiliated issuers 6,963,589  
Futures contracts 816,345  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,270,250  
Total net realized gain (loss)  10,050,452 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 64  
Affiliated issuers 16,568,536  
Futures contracts 23,600  
Total change in net unrealized appreciation (depreciation)  16,592,200 
Net gain (loss)  26,642,652 
Net increase (decrease) in net assets resulting from operations  $34,500,760 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $7,858,108 $19,610,253 
Net realized gain (loss) 10,050,452 30,025,260 
Change in net unrealized appreciation (depreciation) 16,592,200 (21,224,856) 
Net increase (decrease) in net assets resulting from operations 34,500,760 28,410,657 
Distributions to shareholders (15,411,239) (51,673,028) 
Share transactions - net increase (decrease) 367,918 (37,517,008) 
Total increase (decrease) in net assets 19,457,439 (60,779,379) 
Net Assets   
Beginning of period 961,880,452 1,022,659,831 
End of period $981,337,891 $961,880,452 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.20 $12.50 $12.20 $11.66 $12.24 $12.01 
Income from Investment Operations       
Net investment income (loss)A .10 .24 .19 .20 .22 .22 
Net realized and unrealized gain (loss) .34 .11 .59 .71 (.34) .40 
Total from investment operations .44 .35 .78 .91 (.12) .62 
Distributions from net investment income (.04) (.24) (.18) (.22)B (.22) (.23) 
Distributions from net realized gain (.15) (.41) (.30) (.15)B (.23) (.17) 
Total distributions (.20)C (.65) (.48) (.37) (.46)D (.39)E 
Net asset value, end of period $12.44 $12.20 $12.50 $12.20 $11.66 $12.24 
Total ReturnF,G 3.64% 3.03% 6.43% 7.91% (1.01)% 5.26% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .47%J .48% .41% - %K - %K - %K 
Expenses net of fee waivers, if any .47%J .48% .41% -% -% -% 
Expenses net of all reductions .47%J .48% .41% -% -% -% 
Net investment income (loss) 1.61%J 1.98% 1.52% 1.70% 1.87% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $571,510 $563,036 $590,056 $583,754 $580,726 $639,723 
Portfolio turnover rateI 24%J 26% 23%L 31% 22% 23% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.20 per share is comprised of distributions from net investment income of $.043 and distributions from net realized gain of $.154 per share.

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.223 and distributions from net realized gain of $.234 per share.

 E Total distributions of $.39 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.168 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

 K Amount represents less than .005%.

 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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.18 $12.49 $12.48 
Income from Investment Operations    
Net investment income (loss)B .10 .25 .21 
Net realized and unrealized gain (loss) .34 .10 .15 
Total from investment operations .44 .35 .36 
Distributions from net investment income (.04) (.24) (.16) 
Distributions from net realized gain (.15) (.41) (.19) 
Total distributions (.20)C (.66)D (.35) 
Net asset value, end of period $12.42 $12.18 $12.49 
Total ReturnE,F 3.65% 3.00% 2.89% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .42%I .43% .44%I 
Expenses net of fee waivers, if any .42%I .43% .44%I 
Expenses net of all reductions .42%I .43% .44%I 
Net investment income (loss) 1.66%I 2.03% 2.37%I 
Supplemental Data    
Net assets, end of period (000 omitted) $352,909 $357,174 $422,622 
Portfolio turnover rateH 24%I 26% 23%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.20 per share is comprised of distributions from net investment income of $.044 and distributions from net realized gain of $.154 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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


Fidelity Freedom 2005 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.17 $12.49 $12.36 
Income from Investment Operations    
Net investment income (loss)B .10 .25 .20 
Net realized and unrealized gain (loss) .33 .11 .29 
Total from investment operations .43 .36 .49 
Distributions from net investment income (.05) (.27) (.16) 
Distributions from net realized gain (.15) (.41) (.19) 
Total distributions (.20) (.68) (.36)C 
Net asset value, end of period $12.40 $12.17 $12.49 
Total ReturnD,E 3.61% 3.15% 3.92% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .37%H .38%I .38%H 
Expenses net of fee waivers, if any .37%H .38%I .38%H 
Expenses net of all reductions .37%H .38%I .38%H 
Net investment income (loss) 1.71%H 2.08% 1.93%H 
Supplemental Data    
Net assets, end of period (000 omitted) $56,919 $41,670 $9,983 
Portfolio turnover rateG 24%H 26% 23%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.36 per share is comprised of distributions from net investment income of $.164 and distributions from net realized gain of $.192 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom® 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 32.5 
Fidelity Series Government Money Market Fund 2.07% 12.6 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Emerging Markets Opportunities Fund 5.3 
Fidelity Series International Growth Fund 4.1 
Fidelity Series International Value Fund 3.9 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Short-Term Credit Fund 3.2 
Fidelity Series Intrinsic Opportunities Fund 3.1 
Fidelity Series Large Cap Stock Fund 2.7 
 80.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 21.1% 
   International Equity Funds 16.6% 
   Bond Funds 46.4% 
   Short-Term Funds 15.9% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.93% to 1.95% 11/29/19 to 12/5/19(a)   
(Cost $2,591,453) 2,600,000 2,592,060 
 Shares Value 
Domestic Equity Funds - 21.1%   
Fidelity Series All-Sector Equity Fund (b) 4,039,562 $40,920,766 
Fidelity Series Blue Chip Growth Fund (b) 5,293,408 70,561,127 
Fidelity Series Commodity Strategy Fund (b) 43,059,280 197,642,097 
Fidelity Series Growth Company Fund (b) 8,413,721 144,379,452 
Fidelity Series Intrinsic Opportunities Fund (b) 11,257,070 175,948,003 
Fidelity Series Large Cap Stock Fund (b) 10,807,944 156,607,115 
Fidelity Series Large Cap Value Index Fund (b) 3,365,588 43,954,586 
Fidelity Series Opportunistic Insights Fund (b) 4,360,929 78,583,946 
Fidelity Series Small Cap Discovery Fund (b) 1,852,789 21,010,626 
Fidelity Series Small Cap Opportunities Fund (b) 4,958,551 63,816,557 
Fidelity Series Stock Selector Large Cap Value Fund (b) 9,890,800 123,338,274 
Fidelity Series Value Discovery Fund (b) 6,630,903 86,268,048 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $936,651,014)  1,203,030,597 
International Equity Funds - 16.6%   
Fidelity Series Canada Fund (b) 2,404,799 26,621,130 
Fidelity Series Emerging Markets Fund (b) 3,373,436 31,069,344 
Fidelity Series Emerging Markets Opportunities Fund (b) 16,390,422 304,534,046 
Fidelity Series International Growth Fund (b) 14,444,095 236,449,831 
Fidelity Series International Small Cap Fund (b) 3,066,043 49,485,938 
Fidelity Series International Value Fund (b) 23,574,738 223,960,014 
Fidelity Series Overseas Fund (b) 7,445,181 73,856,198 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $767,633,365)  945,976,501 
Bond Funds - 46.4%   
Fidelity Series Emerging Markets Debt Fund (b) 4,401,669 41,375,686 
Fidelity Series Floating Rate High Income Fund (b) 904,190 8,399,921 
Fidelity Series High Income Fund (b) 4,423,242 42,020,803 
Fidelity Series Inflation-Protected Bond Index Fund (b) 52,269,530 526,876,862 
Fidelity Series International Credit Fund (b) 365,439 3,826,142 
Fidelity Series Investment Grade Bond Fund (b) 159,810,082 1,853,796,954 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 14,670,044 146,847,138 
Fidelity Series Real Estate Income Fund (b) 2,550,932 28,595,944 
TOTAL BOND FUNDS   
(Cost $2,569,905,117)  2,651,739,450 
Short-Term Funds - 15.9%   
Fidelity Cash Central Fund 1.96% (c) 7,991,045 7,992,643 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 719,593,538 719,593,538 
Fidelity Series Short-Term Credit Fund (b) 17,987,472 181,313,722 
TOTAL SHORT-TERM FUNDS   
(Cost $907,124,392)  908,899,903 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $5,183,905,341)  5,712,238,511 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,114,863) 
NET ASSETS - 100%  $5,710,123,648 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 37 Dec. 2019 $5,510,225 $13,326 $13,326 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 236 Dec. 2019 11,822,420 (384,796) (384,796) 
TOTAL PURCHASED     (371,470) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 180 Dec. 2019 17,085,600 90,595 90,595 
TOTAL FUTURES CONTRACTS     $(280,875) 

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

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

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,367,725.

 (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 $143,005 
Total $143,005 

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 $45,616,618 $194,077 $7,183,222 $-- $(768,642) $3,061,935 $40,920,766 
Fidelity Series Blue Chip Growth Fund 92,661,846 7,456,986 23,177,440 7,341,110 6,828,567 (13,208,832) 70,561,127 
Fidelity Series Canada Fund 23,728,118 2,509,931 1,436,679 -- 6,067 1,813,693 26,621,130 
Fidelity Series Commodity Strategy Fund 135,724,053 82,032,728 12,779,548 1,749,041 (1,911,999) (5,423,137) 197,642,097 
Fidelity Series Emerging Markets Debt Fund 43,440,644 1,326,524 2,559,560 1,267,997 (108,542) (723,380) 41,375,686 
Fidelity Series Emerging Markets Fund 32,201,584 2,638,457 1,828,529 -- (23,405) (1,918,763) 31,069,344 
Fidelity Series Emerging Markets Opportunities Fund 301,024,642 25,849,085 23,205,398 -- 1,299,572 (433,855) 304,534,046 
Fidelity Series Floating Rate High Income Fund 8,664,785 263,227 547,455 250,687 (25,195) 44,559 8,399,921 
Fidelity Series Government Money Market Fund 2.07% 684,837,287 92,439,146 57,682,895 8,272,487 -- -- 719,593,538 
Fidelity Series Growth Company Fund 175,844,462 232,623 34,867,004 -- 11,412,891 (8,243,520) 144,379,452 
Fidelity Series High Income Fund 52,080,265 1,469,041 12,011,695 1,403,907 (130,402) 613,594 42,020,803 
Fidelity Series Inflation-Protected Bond Index Fund 538,516,576 26,827,174 54,938,270 1,083,711 955,069 15,516,313 526,876,862 
Fidelity Series International Credit Fund 3,567,269 47,409 -- 47,408 -- 211,464 3,826,142 
Fidelity Series International Growth Fund 233,013,226 330,728 14,540,719 -- 2,418,083 15,228,513 236,449,831 
Fidelity Series International Small Cap Fund 54,710,672 79,160 7,435,790 -- 1,049,030 1,082,866 49,485,938 
Fidelity Series International Value Fund 226,433,481 6,857,562 14,400,847 -- (368,250) 5,438,068 223,960,014 
Fidelity Series Intrinsic Opportunities Fund 215,566,356 10,071,238 40,324,600 7,318,239 8,666,673 (18,031,664) 175,948,003 
Fidelity Series Investment Grade Bond Fund 1,785,031,439 114,545,666 111,996,429 28,034,151 (462,786) 66,679,064 1,853,796,954 
Fidelity Series Large Cap Stock Fund 187,152,281 8,581,214 38,138,537 7,753,714 5,623,514 (6,611,357) 156,607,115 
Fidelity Series Large Cap Value Index Fund 54,085,176 69,990 12,767,128 -- 2,411,641 154,907 43,954,586 
Fidelity Series Long-Term Treasury Bond Index Fund 287,564,333 3,704,605 172,984,720 3,403,788 14,593,665 13,969,255 146,847,138 
Fidelity Series Opportunistic Insights Fund 95,785,417 126,704 20,676,678 -- 8,213,958 (4,865,455) 78,583,946 
Fidelity Series Overseas Fund -- 73,132,964 -- -- -- 723,234 73,856,198 
Fidelity Series Real Estate Income Fund 28,448,829 1,092,651 1,716,893 1,053,124 102,111 669,246 28,595,944 
Fidelity Series Short-Term Credit Fund 168,841,907 23,517,458 12,920,645 2,361,402 4,770 1,870,232 181,313,722 
Fidelity Series Small Cap Discovery Fund 26,806,607 558,689 6,952,686 525,395 815,227 (217,211) 21,010,626 
Fidelity Series Small Cap Opportunities Fund 77,189,894 4,642,174 15,467,971 4,023,660 3,238,411 (5,785,951) 63,816,557 
Fidelity Series Stock Selector Large Cap Value Fund 143,188,341 330,451 27,834,474 -- 4,740,740 2,913,216 123,338,274 
Fidelity Series Value Discovery Fund 102,153,762 1,105,051 20,945,217 -- 4,273,568 (319,116) 86,268,048 
 $5,823,879,870 $492,032,713 $751,321,029 $75,889,821 $72,854,336 $64,207,918 $5,701,653,808 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $2,592,060 $-- $2,592,060 $-- 
Domestic Equity Funds 1,203,030,597 1,203,030,597 -- -- 
International Equity Funds 945,976,501 945,976,501 -- -- 
Bond Funds 2,651,739,450 2,651,739,450 -- -- 
Short-Term Funds 908,899,903 908,899,903 -- -- 
Total Investments in Securities: $5,712,238,511 $5,709,646,451 $2,592,060 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $103,921 $103,921 $-- $-- 
Total Assets $103,921 $103,921 $-- $-- 
Liabilities     
Futures Contracts $(384,796) $(384,796) $-- $-- 
Total Liabilities $(384,796) $(384,796) $-- $-- 
Total Derivative Instruments: $(280,875) $(280,875) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $103,921 $(384,796) 
Total Equity Risk 103,921 (384,796) 
Total Value of Derivatives $103,921 $(384,796) 

 (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 Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $2,591,453) 
$2,592,060  
Fidelity Central Funds (cost $7,992,433) 7,992,643  
Other affiliated issuers (cost $5,173,321,455) 5,701,653,808  
Total Investment in Securities (cost $5,183,905,341)  $5,712,238,511 
Cash  910 
Receivable for investments sold  40,635,649 
Receivable for fund shares sold  3,279,550 
Distributions receivable from Fidelity Central Funds  11,005 
Receivable for daily variation margin on futures contracts  230,718 
Other receivables  82,123 
Total assets  5,756,478,466 
Liabilities   
Payable for investments purchased $28,010,498  
Payable for fund shares redeemed 15,909,236  
Accrued management fee 2,352,961  
Other payables and accrued expenses 82,123  
Total liabilities  46,354,818 
Net Assets  $5,710,123,648 
Net Assets consist of:   
Paid in capital  $5,052,581,886 
Total accumulated earnings (loss)  657,541,762 
Net Assets  $5,710,123,648 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($3,694,635,859 ÷ 236,873,431 shares)  $15.60 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,775,792,857 ÷ 113,930,723 shares)  $15.59 
Class K6:   
Net Asset Value, offering price and redemption price per share ($239,694,932 ÷ 15,413,150 shares)  $15.55 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $55,926,951 
Interest  27,160 
Income from Fidelity Central Funds  143,005 
Total income  56,097,116 
Expenses   
Management fee $14,135,001  
Independent trustees' fees and expenses 12,585  
Total expenses before reductions 14,147,586  
Expense reductions (2)  
Total expenses after reductions  14,147,584 
Net investment income (loss)  41,949,532 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,361  
Fidelity Central Funds 85  
Other affiliated issuers 72,854,336  
Futures contracts 5,853,911  
Capital gain distributions from underlying funds:   
Affiliated issuers 19,962,870  
Total net realized gain (loss)  98,675,563 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 484  
Fidelity Central Funds (85)  
Other affiliated issuers 64,207,918  
Futures contracts 213,347  
Total change in net unrealized appreciation (depreciation)  64,421,664 
Net gain (loss)  163,097,227 
Net increase (decrease) in net assets resulting from operations  $205,046,759 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $41,949,532 $117,478,879 
Net realized gain (loss) 98,675,563 248,006,914 
Change in net unrealized appreciation (depreciation) 64,421,664 (201,329,715) 
Net increase (decrease) in net assets resulting from operations 205,046,759 164,156,078 
Distributions to shareholders (110,874,810) (403,378,051) 
Share transactions - net increase (decrease) (231,524,979) (407,651,367) 
Total increase (decrease) in net assets (137,353,030) (646,873,340) 
Net Assets   
Beginning of period 5,847,476,678 6,494,350,018 
End of period $5,710,123,648 $5,847,476,678 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $15.35 $15.98 $15.56 $14.75 $15.75 $15.51 
Income from Investment Operations       
Net investment income (loss)A .11 .29 .24 .26 .28 .28 
Net realized and unrealized gain (loss) .44 .12 .95 1.08 (.50) .62 
Total from investment operations .55 .41 1.19 1.34 (.22) .90 
Distributions from net investment income (.05) (.30) (.23) (.26) (.29) (.29) 
Distributions from net realized gain (.25) (.74) (.54) (.26) (.49) (.36) 
Total distributions (.30) (1.04) (.77) (.53)B (.78) (.66)C 
Net asset value, end of period $15.60 $15.35 $15.98 $15.56 $14.75 $15.75 
Total ReturnD,E 3.62% 2.89% 7.74% 9.27% (1.42)% 5.91% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .52%H .52%I .44% - %J - %J - %J 
Expenses net of fee waivers, if any .52%H .52%I .44% -% -% -% 
Expenses net of all reductions .52%H .52%I .44% -% -% -% 
Net investment income (loss) 1.43%H 1.90% 1.47% 1.69% 1.86% 1.81% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,694,636 $3,724,077 $4,038,370 $4,137,360 $4,271,151 $4,940,590 
Portfolio turnover rateG 17%H 20% 19%K 23% 17% 18% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.53 per share is comprised of distributions from net investment income of $.262 and distributions from net realized gain of $.264 per share.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.294 and distributions from net realized gain of $.361 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 J Amount represents less than .005%.

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

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


Fidelity Freedom 2010 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $15.34 $15.97 $15.96 
Income from Investment Operations    
Net investment income (loss)B .12 .30 .27 
Net realized and unrealized gain (loss) .43 .12 .31 
Total from investment operations .55 .42 .58 
Distributions from net investment income (.05) (.31) (.22) 
Distributions from net realized gain (.25) (.74) (.35) 
Total distributions (.30) (1.05) (.57) 
Net asset value, end of period $15.59 $15.34 $15.97 
Total ReturnC,D 3.64% 2.95% 3.59% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .45%G .46% .47%G 
Expenses net of fee waivers, if any .45%G .46% .47%G 
Expenses net of all reductions .45%G .46% .47%G 
Net investment income (loss) 1.49%G 1.96% 2.42%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,775,793 $1,909,779 $2,396,182 
Portfolio turnover rateF 17%G 20% 19%H 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Freedom 2010 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $15.30 $15.97 $15.77 
Income from Investment Operations    
Net investment income (loss)B .12 .31 .27 
Net realized and unrealized gain (loss) .43 .11 .50 
Total from investment operations .55 .42 .77 
Distributions from net investment income (.05) (.35) (.22) 
Distributions from net realized gain (.25) (.74) (.35) 
Total distributions (.30) (1.09) (.57) 
Net asset value, end of period $15.55 $15.30 $15.97 
Total ReturnC,D 3.68% 2.96% 4.89% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .39%G .39% .40%G 
Expenses net of fee waivers, if any .39%G .39% .40%G 
Expenses net of all reductions .39%G .39% .40%G 
Net investment income (loss) 1.56%G 2.03% 2.07%G 
Supplemental Data    
Net assets, end of period (000 omitted) $239,695 $213,620 $59,797 
Portfolio turnover rateF 17%G 20% 19%H 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 28.6 
Fidelity Series Government Money Market Fund 2.07% 9.3 
Fidelity Series Inflation-Protected Bond Index Fund 8.0 
Fidelity Series Emerging Markets Opportunities Fund 6.1 
Fidelity Series International Growth Fund 5.1 
Fidelity Series International Value Fund 4.9 
Fidelity Series Intrinsic Opportunities Fund 4.1 
Fidelity Series Large Cap Stock Fund 3.6 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Growth Company Fund 3.4 
 76.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 26.9% 
   International Equity Funds 20.0% 
   Bond Funds 41.3% 
   Short-Term Funds 11.8% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.95% 11/29/19 to 12/26/19(a)   
(Cost $4,096,045) 4,110,000 4,096,952 
 Shares Value 
Domestic Equity Funds - 26.9%   
Fidelity Series All-Sector Equity Fund (b) 7,922,039 $80,250,259 
Fidelity Series Blue Chip Growth Fund (b) 10,541,060 140,512,325 
Fidelity Series Commodity Strategy Fund (b) 64,070,231 294,082,362 
Fidelity Series Growth Company Fund (b) 16,762,448 287,643,613 
Fidelity Series Intrinsic Opportunities Fund (b) 22,247,243 347,724,407 
Fidelity Series Large Cap Stock Fund (b) 21,353,633 309,414,139 
Fidelity Series Large Cap Value Index Fund (b) 6,605,273 86,264,868 
Fidelity Series Opportunistic Insights Fund (b) 8,684,693 156,498,160 
Fidelity Series Small Cap Discovery Fund (b) 3,810,023 43,205,657 
Fidelity Series Small Cap Opportunities Fund (b) 9,859,677 126,894,043 
Fidelity Series Stock Selector Large Cap Value Fund (b) 19,489,965 243,039,859 
Fidelity Series Value Discovery Fund (b) 13,072,789 170,076,988 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,754,326,574)  2,285,606,680 
International Equity Funds - 20.0%   
Fidelity Series Canada Fund (b) 4,398,682 48,693,415 
Fidelity Series Emerging Markets Fund (b) 5,777,869 53,214,174 
Fidelity Series Emerging Markets Opportunities Fund (b) 27,865,385 517,738,845 
Fidelity Series International Growth Fund (b) 26,419,216 432,482,563 
Fidelity Series International Small Cap Fund (b) 5,574,544 89,973,145 
Fidelity Series International Value Fund (b) 43,838,327 416,464,103 
Fidelity Series Overseas Fund (b) 13,751,461 136,414,496 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,366,237,611)  1,694,980,741 
Bond Funds - 41.3%   
Fidelity Series Emerging Markets Debt Fund (b) 6,270,445 58,942,181 
Fidelity Series Floating Rate High Income Fund (b) 1,281,177 11,902,132 
Fidelity Series High Income Fund (b) 6,591,618 62,620,367 
Fidelity Series Inflation-Protected Bond Index Fund (b) 67,239,683 677,776,005 
Fidelity Series International Credit Fund (b) 555,669 5,817,854 
Fidelity Series Investment Grade Bond Fund (b) 209,782,774 2,433,480,179 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 21,818,002 218,398,203 
Fidelity Series Real Estate Income Fund (b) 3,685,992 41,319,965 
TOTAL BOND FUNDS   
(Cost $3,372,217,367)  3,510,256,886 
Short-Term Funds - 11.8%   
Fidelity Cash Central Fund 1.96% (c) 10,894,579 10,896,758 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 789,919,672 789,919,672 
Fidelity Series Short-Term Credit Fund (b) 19,810,035 199,685,155 
TOTAL SHORT-TERM FUNDS   
(Cost $998,606,951)  1,000,501,585 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $7,495,484,548)  8,495,442,844 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (3,458,545) 
NET ASSETS - 100%  $8,491,984,299 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 63 Dec. 2019 $9,382,275 $33,918 $33,918 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 411 Dec. 2019 20,589,045 (675,859) (675,859) 
TOTAL PURCHASED     (641,941) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 365 Dec. 2019 34,645,800 195,680 195,680 
TOTAL FUTURES CONTRACTS     $(446,261) 

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

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

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 $4,096,952.

 (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 $220,214 
Total $220,214 

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 $94,056,484 $199,882 $18,677,412 $-- $(1,013,638) $5,684,943 $80,250,259 
Fidelity Series Blue Chip Growth Fund  183,528,111 14,975,772 45,243,358 14,615,938 13,231,706 (25,979,906) 140,512,325 
Fidelity Series Canada Fund 45,145,985 4,033,256 3,837,484 -- 6,410 3,345,248 48,693,415 
Fidelity Series Commodity Strategy Fund 207,571,372 123,166,612 25,555,302 2,625,502 (1,243,148) (9,857,172) 294,082,362 
Fidelity Series Emerging Markets Debt Fund 63,513,876 1,957,545 5,346,696 1,823,553 (258,968) (923,576) 58,942,181 
Fidelity Series Emerging Markets Fund 53,706,289 7,201,890 4,476,312 -- (43,424) (3,174,269) 53,214,174 
Fidelity Series Emerging Markets Opportunities Fund 519,509,226 41,756,675 44,892,080 -- 2,951,869 (1,586,845) 517,738,845 
Fidelity Series Floating Rate High Income Fund 12,627,967 387,584 1,141,798 358,872 (64,203) 92,582 11,902,132 
Fidelity Series Government Money Market Fund 2.07% 793,686,618 116,426,029 120,192,975 9,492,754 -- -- 789,919,672 
Fidelity Series Growth Company Fund 351,438,450 727,600 70,776,575 -- 23,348,140 (17,094,002) 287,643,613 
Fidelity Series High Income Fund 80,221,715 2,234,801 20,565,623 2,109,871 499,477 229,997 62,620,367 
Fidelity Series Inflation-Protected Bond Index Fund 638,539,715 72,150,980 52,104,692 1,284,719 (315,394) 19,505,396 677,776,005 
Fidelity Series International Credit Fund 5,424,223 72,088 -- 72,087 -- 321,543 5,817,854 
Fidelity Series International Growth Fund 436,087,002 919,320 37,175,678 -- 8,105,498 24,546,421 432,482,563 
Fidelity Series International Small Cap Fund 102,394,552 1,298,695 17,669,958 -- 2,793,863 1,155,993 89,973,145 
Fidelity Series International Value Fund 419,512,342 23,871,744 36,665,995 -- (26,425) 9,772,437 416,464,103 
Fidelity Series Intrinsic Opportunities Fund 431,252,852 18,332,047 83,192,329 14,576,253 6,048,627 (24,716,790) 347,724,407 
Fidelity Series Investment Grade Bond Fund 2,379,972,366 180,944,532 214,788,933 36,962,959 (550,100) 87,902,314 2,433,480,179 
Fidelity Series Large Cap Stock Fund 374,248,483 16,239,901 79,025,556 15,457,254 10,530,159 (12,578,848) 309,414,139 
Fidelity Series Large Cap Value Index Fund 107,332,626 217,949 26,365,942 -- 4,170,373 909,862 86,264,868 
Fidelity Series Long-Term Treasury Bond Index Fund 446,683,024 6,087,675 278,299,222 5,210,085 23,440,574 20,486,152 218,398,203 
Fidelity Series Opportunistic Insights Fund 190,978,515 393,411 41,492,252 -- 16,395,246 (9,776,760) 156,498,160 
Fidelity Series Overseas Fund -- 135,178,756 -- -- -- 1,235,740 136,414,496 
Fidelity Series Real Estate Income Fund 42,156,219 1,618,739 3,586,166 1,528,084 255,033 876,140 41,319,965 
Fidelity Series Short-Term Credit Fund 196,087,723 25,044,278 23,613,532 2,702,436 29,342 2,137,344 199,685,155 
Fidelity Series Small Cap Discovery Fund 52,229,192 1,150,347 11,267,451 1,044,800 1,248,633 (155,064) 43,205,657 
Fidelity Series Small Cap Opportunities Fund 152,816,524 8,694,452 29,465,424 8,009,468 5,163,650 (10,315,159) 126,894,043 
Fidelity Series Stock Selector Large Cap Value Fund 286,066,304 593,042 58,771,736 -- 9,935,678 5,216,571 243,039,859 
Fidelity Series Value Discovery Fund 203,757,103 1,413,230 42,928,894 -- 8,911,197 (1,075,648) 170,076,988 
 $8,870,544,858 $807,288,832 $1,397,119,375 $117,874,635 $133,550,175 $66,184,644 $8,480,449,134 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $4,096,952 $-- $4,096,952 $-- 
Domestic Equity Funds 2,285,606,680 2,285,606,680 -- -- 
International Equity Funds 1,694,980,741 1,694,980,741 -- -- 
Bond Funds 3,510,256,886 3,510,256,886 -- -- 
Short-Term Funds 1,000,501,585 1,000,501,585 -- -- 
Total Investments in Securities: $8,495,442,844 $8,491,345,892 $4,096,952 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $229,598 $229,598 $-- $-- 
Total Assets $229,598 $229,598 $-- $-- 
Liabilities     
Futures Contracts $(675,859) $(675,859) $-- $-- 
Total Liabilities $(675,859) $(675,859) $-- $-- 
Total Derivative Instruments: $(446,261) $(446,261) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $229,598 $(675,859) 
Total Equity Risk 229,598 (675,859) 
Total Value of Derivatives $229,598 $(675,859) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $4,096,045) 
$4,096,952  
Fidelity Central Funds (cost $10,896,415) 10,896,758  
Other affiliated issuers (cost $7,480,492,088) 8,480,449,134  
Total Investment in Securities (cost $7,495,484,548)  $8,495,442,844 
Receivable for investments sold  54,552,338 
Receivable for fund shares sold  9,933,029 
Distributions receivable from Fidelity Central Funds  15,152 
Receivable for daily variation margin on futures contracts  260,192 
Other receivables  1,271 
Total assets  8,560,204,826 
Liabilities   
Payable for investments purchased $31,453,728  
Payable for fund shares redeemed 33,034,415  
Accrued management fee 3,732,384  
Total liabilities  68,220,527 
Net Assets  $8,491,984,299 
Net Assets consist of:   
Paid in capital  $7,270,210,204 
Total accumulated earnings (loss)  1,221,774,095 
Net Assets  $8,491,984,299 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($4,852,381,122 ÷ 378,739,312 shares)  $12.81 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,075,934,756 ÷ 240,360,785 shares)  $12.80 
Class K6:   
Net Asset Value, offering price and redemption price per share ($563,668,421 ÷ 44,118,845 shares)  $12.78 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $78,242,843 
Interest  37,741 
Income from Fidelity Central Funds  220,214 
Total income  78,500,798 
Expenses   
Management fee $22,614,752  
Independent trustees' fees and expenses 17,527  
Total expenses before reductions 22,632,279  
Expense reductions (194)  
Total expenses after reductions  22,632,085 
Net investment income (loss)  55,868,713 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 6,085  
Fidelity Central Funds 51  
Other affiliated issuers 133,550,175  
Futures contracts 9,211,556  
Capital gain distributions from underlying funds:   
Affiliated issuers 39,631,792  
Total net realized gain (loss)  182,399,659 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 782  
Fidelity Central Funds (51)  
Other affiliated issuers 66,184,644  
Futures contracts 244,695  
Total change in net unrealized appreciation (depreciation)  66,430,070 
Net gain (loss)  248,829,729 
Net increase (decrease) in net assets resulting from operations  $304,698,442 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $55,868,713 $173,895,387 
Net realized gain (loss) 182,399,659 467,426,440 
Change in net unrealized appreciation (depreciation) 66,430,070 (398,422,463) 
Net increase (decrease) in net assets resulting from operations 304,698,442 242,899,364 
Distributions to shareholders (209,679,405) (689,733,866) 
Share transactions - net increase (decrease) (509,560,638) (765,552,717) 
Total increase (decrease) in net assets (414,541,601) (1,212,387,219) 
Net Assets   
Beginning of period 8,906,525,900 10,118,913,119 
End of period $8,491,984,299 $8,906,525,900 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.68 $13.33 $12.82 $12.03 $12.92 $12.91 
Income from Investment Operations       
Net investment income (loss)A .08 .23 .19 .21 .23 .23 
Net realized and unrealized gain (loss) .36 .08 .97 1.04 (.46) .57 
Total from investment operations .44 .31 1.16 1.25 (.23) .80 
Distributions from net investment income (.03) (.24) (.19) (.21) (.23) (.25) 
Distributions from net realized gain (.28) (.73) (.46) (.24) (.43) (.54) 
Total distributions (.31) (.96)B (.65) (.46)C (.66) (.79) 
Net asset value, end of period $12.81 $12.68 $13.33 $12.82 $12.03 $12.92 
Total ReturnD,E 3.52% 2.74% 9.15% 10.63% (1.83)% 6.42% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .56%H .57% .48% - %I - %I - %I 
Expenses net of fee waivers, if any .56%H .57% .48% -% -% -% 
Expenses net of all reductions .56%H .57% .48% -% -% -% 
Net investment income (loss) 1.26%H 1.82% 1.40% 1.69% 1.87% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,852,381 $4,946,449 $5,380,580 $5,327,313 $5,354,142 $6,056,161 
Portfolio turnover rateG 19%H 19% 23%J 21% 17% 18% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.214 and distributions from net realized gain of $.243 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount represents less than .005%.

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

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


Fidelity Freedom 2015 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.66 $13.31 $13.21 
Income from Investment Operations    
Net investment income (loss)B .08 .24 .22 
Net realized and unrealized gain (loss) .37 .08 .34 
Total from investment operations .45 .32 .56 
Distributions from net investment income (.03) (.25) (.18) 
Distributions from net realized gain (.28) (.73) (.29) 
Total distributions (.31) (.97)C (.46)D 
Net asset value, end of period $12.80 $12.66 $13.31 
Total ReturnE,F 3.61% 2.80% 4.25% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .49%I .50% .51%I,J 
Expenses net of fee waivers, if any .49%I .50% .51%I,J 
Expenses net of all reductions .49%I .50% .51%I,J 
Net investment income (loss) 1.33%I 1.89% 2.39%I 
Supplemental Data    
Net assets, end of period (000 omitted) $3,075,935 $3,471,921 $4,624,065 
Portfolio turnover rateH 19%I 19% 23%K 

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

 B Calculated based on average shares outstanding during the period.

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

 D Total distributions of $.46 per share is comprised of distributions from net investment income of $.176 and distributions from net realized gain of $.288 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom 2015 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.64 $13.32 $13.03 
Income from Investment Operations    
Net investment income (loss)B .09 .25 .21 
Net realized and unrealized gain (loss) .36 .08 .55 
Total from investment operations .45 .33 .76 
Distributions from net investment income (.04) (.28) (.18) 
Distributions from net realized gain (.28) (.73) (.29) 
Total distributions (.31)C (1.01) (.47) 
Net asset value, end of period $12.78 $12.64 $13.32 
Total ReturnD,E 3.66% 2.87% 5.80% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .41%H .41% .42%H 
Expenses net of fee waivers, if any .41%H .41% .42%H 
Expenses net of all reductions .41%H .41% .42%H 
Net investment income (loss) 1.41%H 1.97% 1.88%H 
Supplemental Data    
Net assets, end of period (000 omitted) $563,668 $488,156 $114,268 
Portfolio turnover rateG 19%H 19% 23%I 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.31 per share is comprised of distributions from net investment income of $.035 and distributions from net realized gain of $.278 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 25.3 
Fidelity Series Inflation-Protected Bond Index Fund 6.8 
Fidelity Series Emerging Markets Opportunities Fund 6.7 
Fidelity Series Government Money Market Fund 2.07% 6.6 
Fidelity Series International Growth Fund 5.9 
Fidelity Series International Value Fund 5.8 
Fidelity Series Intrinsic Opportunities Fund 5.0 
Fidelity Series Large Cap Stock Fund 4.5 
Fidelity Series Growth Company Fund 4.1 
Fidelity Series Stock Selector Large Cap Value Fund 3.5 
 74.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.1% 
   International Equity Funds 22.9% 
   Bond Funds 36.7% 
   Short-Term Funds 8.3% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.98% 10/31/19 to 12/26/19(a)   
(Cost $14,950,408) 15,010,000 14,952,973 
 Shares Value 
Domestic Equity Funds - 32.1%   
Fidelity Series All-Sector Equity Fund (b) 30,607,366 $310,052,614 
Fidelity Series Blue Chip Growth Fund (b) 40,843,831 544,448,263 
Fidelity Series Commodity Strategy Fund (b) 203,460,500 933,883,696 
Fidelity Series Growth Company Fund (b) 64,969,813 1,114,881,993 
Fidelity Series Intrinsic Opportunities Fund (b) 86,062,295 1,345,153,665 
Fidelity Series Large Cap Stock Fund (b) 82,600,853 1,196,886,367 
Fidelity Series Large Cap Value Index Fund (b) 25,522,666 333,326,018 
Fidelity Series Opportunistic Insights Fund (b) 33,652,611 606,420,056 
Fidelity Series Small Cap Discovery Fund (b) 14,552,337 165,023,498 
Fidelity Series Small Cap Opportunities Fund (b) 38,171,510 491,267,332 
Fidelity Series Stock Selector Large Cap Value Fund (b) 75,527,014 941,821,861 
Fidelity Series Value Discovery Fund (b) 50,551,228 657,671,482 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,792,220,209)  8,640,836,845 
International Equity Funds - 22.9%   
Fidelity Series Canada Fund (b) 16,786,343 185,824,814 
Fidelity Series Emerging Markets Fund (b) 21,398,976 197,084,573 
Fidelity Series Emerging Markets Opportunities Fund (b) 97,598,470 1,813,379,563 
Fidelity Series International Growth Fund (b) 97,228,839 1,591,636,090 
Fidelity Series International Small Cap Fund (b) 20,701,938 334,129,275 
Fidelity Series International Value Fund (b) 163,537,125 1,553,602,689 
Fidelity Series Overseas Fund (b) 50,471,664 500,678,903 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,092,666,955)  6,176,335,907 
Bond Funds - 36.7%   
Fidelity Series Emerging Markets Debt Fund (b) 19,177,949 180,272,717 
Fidelity Series Floating Rate High Income Fund (b) 3,829,088 35,572,226 
Fidelity Series High Income Fund (b) 20,978,029 199,291,271 
Fidelity Series Inflation-Protected Bond Index Fund (b) 182,294,581 1,837,529,381 
Fidelity Series International Credit Fund (b) 1,887,067 19,757,590 
Fidelity Series Investment Grade Bond Fund (b) 587,209,925 6,811,635,132 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 67,572,289 676,398,608 
Fidelity Series Real Estate Income Fund (b) 11,855,868 132,904,277 
TOTAL BOND FUNDS   
(Cost $9,569,735,620)  9,893,361,202 
Short-Term Funds - 8.3%   
Fidelity Cash Central Fund 1.96% (c) 23,787,447 23,792,205 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 1,772,871,452 1,772,871,452 
Fidelity Series Short-Term Credit Fund (b) 44,044,379 443,967,338 
TOTAL SHORT-TERM FUNDS   
(Cost $2,236,404,246)  2,240,630,995 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $23,705,977,438)  26,966,117,922 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (11,787,139) 
NET ASSETS - 100%  $26,954,330,783 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 210 Dec. 2019 $31,274,250 $112,956 $112,956 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,440 Dec. 2019 72,136,800 (1,663,235) (1,663,235) 
TOTAL PURCHASED     (1,550,279) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 1,414 Dec. 2019 134,216,880 962,499 962,499 
TOTAL FUTURES CONTRACTS     $(587,780) 

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

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

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 $14,952,973.

 (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 $593,009 
Total $593,009 

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 $348,985,894 $1,736,567 $58,130,783 $-- $(4,852,535) $22,313,471 $310,052,614 
Fidelity Series Blue Chip Growth Fund 678,440,644 58,395,170 142,300,278 56,547,946 34,457,575 (84,544,848) 544,448,263 
Fidelity Series Canada Fund 162,535,812 21,706,342 10,781,477 -- (7,582) 12,371,719 185,824,814 
Fidelity Series Commodity Strategy Fund 648,066,793 383,869,094 62,958,603 8,390,992 (6,767,435) (28,326,153) 933,883,696 
Fidelity Series Emerging Markets Debt Fund 191,013,165 6,107,155 13,232,216 5,529,638 (522,141) (3,093,246) 180,272,717 
Fidelity Series Emerging Markets Fund 190,493,230 29,803,932 12,058,805 -- (15,083) (11,138,701) 197,084,573 
Fidelity Series Emerging Markets Opportunities Fund 1,780,054,457 138,946,377 112,298,112 -- 7,444,756 (767,915) 1,813,379,563 
Fidelity Series Floating Rate High Income Fund 37,128,969 1,187,146 2,825,678 1,063,400 (126,886) 208,675 35,572,226 
Fidelity Series Government Money Market Fund 2.07% 1,841,889,984 335,992,002 405,010,534 22,304,540 -- -- 1,772,871,452 
Fidelity Series Growth Company Fund 1,319,414,474 3,734,311 231,249,048 -- 67,112,881 (44,130,625) 1,114,881,993 
Fidelity Series High Income Fund 251,669,491 7,101,310 61,775,799 6,652,639 (648,341) 2,944,610 199,291,271 
Fidelity Series Inflation-Protected Bond Index Fund 1,462,674,190 423,347,606 93,354,891 3,012,355 (1,624,150) 46,486,626 1,837,529,381 
Fidelity Series International Credit Fund 18,420,811 244,810 -- 244,810 -- 1,091,969 19,757,590 
Fidelity Series International Growth Fund 1,574,757,886 4,611,990 106,387,356 -- 13,817,260 104,836,310 1,591,636,090 
Fidelity Series International Small Cap Fund 371,427,916 1,093,926 52,781,495 -- 6,305,550 8,083,378 334,129,275 
Fidelity Series International Value Fund 1,499,633,233 122,933,873 105,039,879 -- (3,653,806) 39,729,268 1,553,602,689 
Fidelity Series Intrinsic Opportunities Fund 1,617,546,617 66,019,128 266,604,231 56,417,439 (13,291,880) (58,515,969) 1,345,153,665 
Fidelity Series Investment Grade Bond Fund 6,517,070,943 549,678,823 497,165,629 102,411,202 (2,306,214) 244,357,209 6,811,635,132 
Fidelity Series Large Cap Stock Fund 1,398,688,050 63,164,232 256,206,664 59,167,668 15,422,932 (24,182,183) 1,196,886,367 
Fidelity Series Large Cap Value Index Fund 403,711,107 1,117,734 90,803,553 -- 11,186,701 8,114,029 333,326,018 
Fidelity Series Long-Term Treasury Bond Index Fund 1,420,887,415 28,193,873 913,691,519 16,758,181 78,008,327 63,000,512 676,398,608 
Fidelity Series Opportunistic Insights Fund 713,668,349 2,026,671 133,706,203 -- 45,637,343 (21,206,104) 606,420,056 
Fidelity Series Overseas Fund -- 496,619,042 -- -- -- 4,059,861 500,678,903 
Fidelity Series Real Estate Income Fund 132,913,632 5,276,461 8,876,409 4,887,594 203,474 3,387,119 132,904,277 
Fidelity Series Short-Term Credit Fund 464,921,807 61,076,008 87,165,254 6,444,137 206,046 4,928,731 443,967,338 
Fidelity Series Small Cap Discovery Fund 190,664,833 4,499,698 33,992,437 3,964,777 3,554,925 296,479 165,023,498 
Fidelity Series Small Cap Opportunities Fund 565,288,705 32,631,440 85,999,521 30,986,337 2,374,253 (23,027,545) 491,267,332 
Fidelity Series Stock Selector Large Cap Value Fund 1,073,557,659 3,050,309 192,352,110 -- 22,589,216 34,976,787 941,821,861 
Fidelity Series Value Discovery Fund 764,752,346 3,292,983 140,183,827 -- 26,153,835 3,656,145 657,671,482 
 $27,640,278,412 $2,857,458,013 $4,176,932,311 $384,783,655 $300,659,021 $305,909,609 $26,927,372,744 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $14,952,973 $-- $14,952,973 $-- 
Domestic Equity Funds 8,640,836,845 8,640,836,845 -- -- 
International Equity Funds 6,176,335,907 6,176,335,907 -- -- 
Bond Funds 9,893,361,202 9,893,361,202 -- -- 
Short-Term Funds 2,240,630,995 2,240,630,995 -- -- 
Total Investments in Securities: $26,966,117,922 $26,951,164,949 $14,952,973 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $1,075,455 $1,075,455 $-- $-- 
Total Assets $1,075,455 $1,075,455 $-- $-- 
Liabilities     
Futures Contracts $(1,663,235) $(1,663,235) $-- $-- 
Total Liabilities $(1,663,235) $(1,663,235) $-- $-- 
Total Derivative Instruments: $(587,780) $(587,780) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,075,455 $(1,663,235) 
Total Equity Risk 1,075,455 (1,663,235) 
Total Value of Derivatives $1,075,455 $(1,663,235) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $14,950,408) 
$14,952,973  
Fidelity Central Funds (cost $23,791,343) 23,792,205  
Other affiliated issuers (cost $23,667,235,687) 26,927,372,744  
Total Investment in Securities (cost $23,705,977,438)  $26,966,117,922 
Receivable for investments sold  153,323,441 
Receivable for fund shares sold  36,642,410 
Distributions receivable from Fidelity Central Funds  44,033 
Receivable for daily variation margin on futures contracts  642,353 
Other receivables  215,131 
Total assets  27,156,985,290 
Liabilities   
Payable for investments purchased $103,561,865  
Payable for fund shares redeemed 86,412,405  
Accrued management fee 12,472,447  
Other payables and accrued expenses 207,790  
Total liabilities  202,654,507 
Net Assets  $26,954,330,783 
Net Assets consist of:   
Paid in capital  $23,102,497,290 
Total accumulated earnings (loss)  3,851,833,493 
Net Assets  $26,954,330,783 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($12,368,150,363 ÷ 776,054,328 shares)  $15.94 
Class K:   
Net Asset Value, offering price and redemption price per share ($12,475,913,439 ÷ 783,474,363 shares)  $15.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,110,266,981 ÷ 132,718,613 shares)  $15.90 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $231,898,454 
Interest  112,613 
Income from Fidelity Central Funds  593,009 
Total income  232,604,076 
Expenses   
Management fee $74,989,274  
Independent trustees' fees and expenses 56,412  
Total expenses  75,045,686 
Net investment income (loss)  157,558,390 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 35,143  
Fidelity Central Funds 778  
Other affiliated issuers 300,659,021  
Futures contracts 25,123,349  
Capital gain distributions from underlying funds:   
Affiliated issuers 152,885,201  
Total net realized gain (loss)  478,703,492 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 2,196  
Fidelity Central Funds (778)  
Other affiliated issuers 305,909,609  
Futures contracts 2,124,363  
Total change in net unrealized appreciation (depreciation)  308,035,390 
Net gain (loss)  786,738,882 
Net increase (decrease) in net assets resulting from operations  $944,297,272 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $157,558,390 $515,832,189 
Net realized gain (loss) 478,703,492 1,353,901,114 
Change in net unrealized appreciation (depreciation) 308,035,390 (1,142,451,116) 
Net increase (decrease) in net assets resulting from operations 944,297,272 727,282,187 
Distributions to shareholders (735,112,422) (1,867,405,063) 
Share transactions - net increase (decrease) (990,747,387) (1,126,115,350) 
Total increase (decrease) in net assets (781,562,537) (2,266,238,226) 
Net Assets   
Beginning of period 27,735,893,320 30,002,131,546 
End of period $26,954,330,783 $27,735,893,320 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $15.83 $16.51 $15.70 $14.63 $15.76 $15.81 
Income from Investment Operations       
Net investment income (loss)A .09 .28 .22 .25 .28 .28 
Net realized and unrealized gain (loss) .45 .10 1.34 1.40 (.60) .73 
Total from investment operations .54 .38 1.56 1.65 (.32) 1.01 
Distributions from net investment income (.03) (.28) (.22) (.26) (.28) (.29) 
Distributions from net realized gain (.40) (.78) (.52) (.32) (.53) (.77) 
Total distributions (.43) (1.06) (.75)B (.58) (.81) (1.06) 
Net asset value, end of period $15.94 $15.83 $16.51 $15.70 $14.63 $15.76 
Total ReturnC,D 3.48% 2.66% 10.01% 11.57% (2.10)% 6.71% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .60%G .61% .52% - %H - %H - %H 
Expenses net of fee waivers, if any .60%G .61% .52% -% -% -% 
Expenses net of all reductions .60%G .61% .52% -% -% -% 
Net investment income (loss) 1.11%G 1.76% 1.34% 1.69% 1.83% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $12,368,150 $12,395,049 $12,916,078 $12,279,240 $11,732,980 $12,868,898 
Portfolio turnover rateF 21%G 19% 21%I 19% 17% 17% 

 A Calculated based on average shares outstanding during the period.

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

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

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

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


Fidelity Freedom 2020 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $15.81 $16.49 $16.24 
Income from Investment Operations    
Net investment income (loss)B .09 .29 .27 
Net realized and unrealized gain (loss) .45 .10 .50 
Total from investment operations .54 .39 .77 
Distributions from net investment income (.03) (.29) (.21) 
Distributions from net realized gain (.40) (.78) (.31) 
Total distributions (.43) (1.07) (.52) 
Net asset value, end of period $15.92 $15.81 $16.49 
Total ReturnC,D 3.50% 2.73% 4.73% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .52%G .53% .54%G 
Expenses net of fee waivers, if any .52%G .53% .54%G 
Expenses net of all reductions .52%G .53% .54%G 
Net investment income (loss) 1.19%G 1.84% 2.34%G 
Supplemental Data    
Net assets, end of period (000 omitted) $12,475,913 $13,509,101 $16,611,072 
Portfolio turnover rateF 21%G 19% 21%H 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Freedom 2020 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $15.78 $16.50 $16.00 
Income from Investment Operations    
Net investment income (loss)B .10 .30 .24 
Net realized and unrealized gain (loss) .46 .10 .79 
Total from investment operations .56 .40 1.03 
Distributions from net investment income (.04) (.34) (.22) 
Distributions from net realized gain (.40) (.78) (.31) 
Total distributions (.44) (1.12) (.53) 
Net asset value, end of period $15.90 $15.78 $16.50 
Total ReturnC,D 3.61% 2.80% 6.40% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .43%G .43% .44%G 
Expenses net of fee waivers, if any .43%G .43% .44%G 
Expenses net of all reductions .43%G .43% .44%G 
Net investment income (loss) 1.28%G 1.94% 1.79%G 
Supplemental Data    
Net assets, end of period (000 omitted) $2,110,267 $1,831,743 $474,981 
Portfolio turnover rateF 21%G 19% 21%H 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 22.7 
Fidelity Series Emerging Markets Opportunities Fund 7.3 
Fidelity Series International Growth Fund 6.6 
Fidelity Series International Value Fund 6.4 
Fidelity Series Inflation-Protected Bond Index Fund 6.1 
Fidelity Series Intrinsic Opportunities Fund 5.7 
Fidelity Series Large Cap Stock Fund 5.1 
Fidelity Series Growth Company Fund 4.7 
Fidelity Series Stock Selector Large Cap Value Fund 4.0 
Fidelity Series Government Money Market Fund 2.07% 4.0 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 36.2% 
   International Equity Funds 25.3% 
   Bond Funds 33.4% 
   Short-Term Funds 5.0% 
   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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.98% 10/31/19 to 12/26/19(a)   
(Cost $15,308,103) 15,370,000 15,310,930 
 Shares Value 
Domestic Equity Funds - 36.2%   
Fidelity Series All-Sector Equity Fund (b) 35,614,401 $360,773,880 
Fidelity Series Blue Chip Growth Fund (b) 47,977,327 639,537,768 
Fidelity Series Commodity Strategy Fund (b) 207,426,888 952,089,415 
Fidelity Series Growth Company Fund (b) 75,925,437 1,302,880,505 
Fidelity Series Intrinsic Opportunities Fund (b) 100,448,739 1,570,013,791 
Fidelity Series Large Cap Stock Fund (b) 96,397,776 1,396,803,776 
Fidelity Series Large Cap Value Index Fund (b) 29,705,616 387,955,348 
Fidelity Series Opportunistic Insights Fund (b) 39,619,530 713,943,924 
Fidelity Series Small Cap Discovery Fund (b) 17,044,660 193,286,444 
Fidelity Series Small Cap Opportunities Fund (b) 44,481,019 572,470,719 
Fidelity Series Stock Selector Large Cap Value Fund (b) 88,118,170 1,098,833,575 
Fidelity Series Value Discovery Fund (b) 58,944,975 766,874,121 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $8,078,807,186)  9,955,463,266 
International Equity Funds - 25.3%   
Fidelity Series Canada Fund (b) 18,911,577 209,351,160 
Fidelity Series Emerging Markets Fund (b) 23,139,775 213,117,325 
Fidelity Series Emerging Markets Opportunities Fund (b) 108,624,531 2,018,243,791 
Fidelity Series International Growth Fund (b) 110,118,731 1,802,643,620 
Fidelity Series International Small Cap Fund (b) 23,671,386 382,056,168 
Fidelity Series International Value Fund (b) 186,240,506 1,769,284,803 
Fidelity Series Overseas Fund (b) 57,488,873 570,289,622 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $5,941,193,019)  6,964,986,489 
Bond Funds - 33.4%   
Fidelity Series Emerging Markets Debt Fund (b) 18,836,095 177,059,292 
Fidelity Series Floating Rate High Income Fund (b) 3,714,182 34,504,749 
Fidelity Series High Income Fund (b) 21,427,511 203,561,355 
Fidelity Series Inflation-Protected Bond Index Fund (b) 165,263,493 1,665,856,014 
Fidelity Series International Credit Fund (b) 1,621,909 16,981,386 
Fidelity Series Investment Grade Bond Fund (b) 538,549,846 6,247,178,219 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 68,521,800 685,903,215 
Fidelity Series Real Estate Income Fund (b) 11,934,680 133,787,764 
TOTAL BOND FUNDS   
(Cost $8,875,298,576)  9,164,831,994 
Short-Term Funds - 5.0%   
Fidelity Cash Central Fund 1.96% (c) 14,332,056 14,334,922 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 1,093,278,207 1,093,278,207 
Fidelity Series Short-Term Credit Fund (b) 27,165,101 273,824,219 
TOTAL SHORT-TERM FUNDS   
(Cost $1,378,817,809)  1,381,437,348 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $24,289,424,693)  27,482,030,027 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (12,815,825) 
NET ASSETS - 100%  $27,469,214,202 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 217 Dec. 2019 $32,316,725 $116,709 $116,709 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 1,225 Dec. 2019 61,366,375 (1,756,984) (1,756,984) 
TOTAL PURCHASED     1,640,275 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 1,557 Dec. 2019 147,790,440 836,293 836,293 
TOTAL FUTURES CONTRACTS     $(803,982) 

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

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

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 $15,310,930.

 (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 Central Fund $557,945 
Total $557,945 

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 $391,721,273 $7,065,937 $57,959,787 $-- $(5,220,716) $25,167,173 $360,773,880 
Fidelity Series Blue Chip Growth Fund 762,997,010 78,922,418 142,596,775 66,473,863 19,832,018 (79,616,903) 639,537,768 
Fidelity Series Canada Fund 178,381,825 24,426,353 7,120,539 -- 160,379 13,503,142 209,351,160 
Fidelity Series Commodity Strategy Fund 632,744,139 396,314,994 41,778,821 8,503,886 (6,460,543) (28,730,354) 952,089,415 
Fidelity Series Emerging Markets Debt Fund 180,112,714 8,778,247 8,304,870 5,315,991 (183,514) (3,343,285) 177,059,292 
Fidelity Series Emerging Markets Fund 200,574,206 32,512,415 7,727,110 -- 35,318 (12,277,504) 213,117,325 
Fidelity Series Emerging Markets Opportunities Fund 1,873,296,174 204,673,561 64,915,416 -- 390,333 4,799,139 2,018,243,791 
Fidelity Series Floating Rate High Income Fund 34,457,552 1,749,527 1,774,771 1,007,623 (35,287) 107,728 34,504,749 
Fidelity Series Government Money Market Fund 2.07% 1,250,842,921 306,885,728 464,450,442 15,298,338 -- -- 1,093,278,207 
Fidelity Series Growth Company Fund 1,486,349,840 24,868,382 234,069,677 -- 44,219,862 (18,487,902) 1,302,880,505 
Fidelity Series High Income Fund 245,154,766 9,985,409 53,862,475 6,656,091 (1,493,132) 3,776,787 203,561,355 
Fidelity Series Inflation-Protected Bond Index Fund 1,133,196,586 542,843,788 45,619,515 2,430,803 27,597 35,407,558 1,665,856,014 
Fidelity Series International Credit Fund 15,832,442 210,411 -- 210,411 -- 938,533 16,981,386 
Fidelity Series International Growth Fund 1,714,984,815 30,784,656 74,231,965 -- 2,053,033 129,053,081 1,802,643,620 
Fidelity Series International Small Cap Fund 403,488,467 7,360,712 44,638,103 -- 3,072,243 12,772,849 382,056,168 
Fidelity Series International Value Fund 1,632,751,682 170,633,953 74,231,965 -- (852,620) 40,983,753 1,769,284,803 
Fidelity Series Intrinsic Opportunities Fund 1,784,050,814 97,330,533 228,001,320 66,309,350 (15,433,234) (67,933,002) 1,570,013,791 
Fidelity Series Investment Grade Bond Fund 5,407,899,151 908,224,685 272,861,265 87,745,873 1,564,887 202,350,761 6,247,178,219 
Fidelity Series Large Cap Stock Fund 1,574,414,204 95,125,028 262,661,591 68,325,099 1,463,487 (11,537,352) 1,396,803,776 
Fidelity Series Large Cap Value Index Fund 456,005,541 7,624,922 98,064,306 -- 8,443,885 13,945,306 387,955,348 
Fidelity Series Long-Term Treasury Bond Index Fund 1,528,090,035 60,738,410 1,064,250,952 18,346,369 102,225,471 59,100,251 685,903,215 
Fidelity Series Opportunistic Insights Fund 803,162,629 13,661,008 130,103,718 -- 26,801,618 422,387 713,943,924 
Fidelity Series Overseas Fund -- 566,279,281 -- -- -- 4,010,341 570,289,622 
Fidelity Series Real Estate Income Fund 128,653,194 7,184,570 5,570,882 4,859,724 42,764 3,478,118 133,787,764 
Fidelity Series Short-Term Credit Fund 314,070,382 58,449,232 102,299,570 4,413,480 485,263 3,118,912 273,824,219 
Fidelity Series Small Cap Discovery Fund 214,273,735 8,225,983 33,653,179 4,602,539 2,236,363 2,203,542 193,286,444 
Fidelity Series Small Cap Opportunities Fund 636,751,550 47,501,776 87,170,252 36,426,749 (1,376,782) (23,235,573) 572,470,719 
Fidelity Series Stock Selector Large Cap Value Fund 1,210,086,884 20,732,230 198,397,134 -- (445,943) 66,857,538 1,098,833,575 
Fidelity Series Value Discovery Fund 859,540,695 14,715,213 141,701,387 -- 12,441,136 21,878,464 766,874,121 
 $27,053,885,226 $3,753,809,362 $3,948,017,787 $396,926,189 $193,993,886 $398,713,488 $27,452,384,175 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $15,310,930 $-- $15,310,930 $-- 
Domestic Equity Funds 9,955,463,266 9,955,463,266 -- -- 
International Equity Funds 6,964,986,489 6,964,986,489 -- -- 
Bond Funds 9,164,831,994 9,164,831,994 -- -- 
Short-Term Funds 1,381,437,348 1,381,437,348 -- -- 
Total Investments in Securities: $27,482,030,027 $27,466,719,097 $15,310,930 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $953,002 $953,002 $-- $-- 
Total Assets $953,002 $953,002 $-- $-- 
Liabilities     
Futures Contracts $(1,756,984) $(1,756,984) $-- $-- 
Total Liabilities $(1,756,984) $(1,756,984) $-- $-- 
Total Derivative Instruments: $(803,982) $(803,982) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $953,002 $(1,756,984) 
Total Equity Risk 953,002 (1,756,984) 
Total Value of Derivatives $953,002 $(1,756,984) 

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

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


Fidelity Freedom® 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $15,308,103) 
$15,310,930  
Fidelity Central Funds (cost $14,333,788) 14,334,922  
Other affiliated issuers (cost $24,259,782,802) 27,452,384,175  
Total Investment in Securities (cost $24,289,424,693)  $27,482,030,027 
Receivable for investments sold  195,423,016 
Receivable for fund shares sold  34,901,843 
Distributions receivable from Fidelity Central Funds  35,484 
Receivable for daily variation margin on futures contracts  529,232 
Other receivables  7,540 
Total assets  27,712,927,142 
Liabilities   
Payable for investments purchased $133,762,300  
Payable for fund shares redeemed 96,570,891  
Accrued management fee 13,379,749  
Total liabilities  243,712,940 
Net Assets  $27,469,214,202 
Net Assets consist of:   
Paid in capital  $23,812,825,548 
Total accumulated earnings (loss)  3,656,388,654 
Net Assets  $27,469,214,202 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($11,251,732,944 ÷ 809,320,025 shares)  $13.90 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,397,394,111 ÷ 964,917,172 shares)  $13.88 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,820,087,147 ÷ 203,256,879 shares)  $13.87 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $217,898,680 
Interest  109,301 
Income from Fidelity Central Funds  557,945 
Total income  218,565,926 
Expenses   
Management fee $79,080,858  
Independent trustees' fees and expenses 54,365  
Total expenses before reductions 79,135,223  
Expense reductions (2)  
Total expenses after reductions  79,135,221 
Net investment income (loss)  139,430,705 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 36,099  
Fidelity Central Funds 195  
Other affiliated issuers 193,993,886  
Futures contracts 24,536,950  
Capital gain distributions from underlying funds:   
Affiliated issuers 179,027,509  
Total net realized gain (loss)  397,594,639 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 2,469  
Fidelity Central Funds (196)  
Other affiliated issuers 398,713,488  
Futures contracts 1,868,989  
Total change in net unrealized appreciation (depreciation)  400,584,750 
Net gain (loss)  798,179,389 
Net increase (decrease) in net assets resulting from operations  $937,610,094 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $139,430,705 $472,781,005 
Net realized gain (loss) 397,594,639 1,239,430,815 
Change in net unrealized appreciation (depreciation) 400,584,750 (1,032,742,303) 
Net increase (decrease) in net assets resulting from operations 937,610,094 679,469,517 
Distributions to shareholders (787,496,763) (1,583,201,037) 
Share transactions - net increase (decrease) 177,942,302 752,961,440 
Total increase (decrease) in net assets 328,055,633 (150,770,080) 
Net Assets   
Beginning of period 27,141,158,569 27,291,928,649 
End of period $27,469,214,202 $27,141,158,569 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.84 $14.35 $13.50 $12.49 $13.51 $13.49 
Income from Investment Operations       
Net investment income (loss)A .07 .24 .18 .21 .22 .24 
Net realized and unrealized gain (loss) .40 .08 1.26 1.30 (.54) .69 
Total from investment operations .47 .32 1.44 1.51 (.32) .93 
Distributions from net investment income (.02) (.23) (.18) (.21) (.23) (.25) 
Distributions from net realized gain (.39) (.59) (.41) (.29) (.47) (.66) 
Total distributions (.41) (.83)B (.59) (.50) (.70) (.91) 
Net asset value, end of period $13.90 $13.84 $14.35 $13.50 $12.49 $13.51 
Total ReturnC,D 3.46% 2.53% 10.81% 12.46% (2.50)% 7.23% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .64%G .65% .56%H - %I - %I - %I 
Expenses net of fee waivers, if any .64%G .65% .56%H -% -% -% 
Expenses net of all reductions .64%G .65% .56%H -% -% -% 
Net investment income (loss) .97%G 1.70% 1.28% 1.66% 1.75% 1.81% 
Supplemental Data       
Net assets, end of period (000 omitted) $11,251,733 $10,953,002 $10,923,217 $9,764,547 $8,717,568 $9,054,681 
Portfolio turnover rateF 28%G 19% 18%J 19% 17% 19% 

 A Calculated based on average shares outstanding during the period.

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

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

 I Amount represents less than .005%.

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

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


Fidelity Freedom 2025 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.82 $14.33 $14.02 
Income from Investment Operations    
Net investment income (loss)B .07 .25 .23 
Net realized and unrealized gain (loss) .40 .08 .50 
Total from investment operations .47 .33 .73 
Distributions from net investment income (.02) (.24) (.18) 
Distributions from net realized gain (.39) (.59) (.24) 
Total distributions (.41) (.84)C (.42) 
Net asset value, end of period $13.88 $13.82 $14.33 
Total ReturnD,E 3.48% 2.61% 5.18% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .56%H .57% .58%H,I 
Expenses net of fee waivers, if any .56%H .57% .58%H,I 
Expenses net of all reductions .56%H .57% .58%H,I 
Net investment income (loss) 1.05%H 1.79% 2.28%H 
Supplemental Data    
Net assets, end of period (000 omitted) $13,397,394 $13,768,298 $15,743,238 
Portfolio turnover rateG 28%H 19% 18%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.84 per share is comprised of distributions from net investment income of $.244 and distributions from net realized gain of $.591 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom 2025 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.81 $14.35 $13.80 
Income from Investment Operations    
Net investment income (loss)B .08 .26 .21 
Net realized and unrealized gain (loss) .40 .08 .76 
Total from investment operations .48 .34 .97 
Distributions from net investment income (.03) (.29) (.19) 
Distributions from net realized gain (.39) (.59) (.24) 
Total distributions (.42) (.88) (.42)C 
Net asset value, end of period $13.87 $13.81 $14.35 
Total ReturnD,E 3.53% 2.73% 7.02% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .45%H .45% .46%H,I 
Expenses net of fee waivers, if any .45%H .45% .46%H,I 
Expenses net of all reductions .45%H .45% .46%H,I 
Net investment income (loss) 1.16%H 1.90% 1.78%H 
Supplemental Data    
Net assets, end of period (000 omitted) $2,820,087 $2,419,859 $625,475 
Portfolio turnover rateG 28%H 19% 18%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.42 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.235 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom® 2030 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 18.8 
Fidelity Series Emerging Markets Opportunities Fund 8.3 
Fidelity Series International Growth Fund 7.6 
Fidelity Series International Value Fund 7.5 
Fidelity Series Intrinsic Opportunities Fund 6.8 
Fidelity Series Large Cap Stock Fund 6.0 
Fidelity Series Growth Company Fund 5.6 
Fidelity Series Stock Selector Large Cap Value Fund 4.8 
Fidelity Series Inflation-Protected Bond Index Fund 4.0 
Fidelity Series Commodity Strategy Fund 3.5 
 72.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 42.5% 
   International Equity Funds 29.1% 
   Bond Funds 27.3% 
   Short-Term Funds 1.0% 
   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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.95% 11/29/19 to 12/26/19(a)   
(Cost $18,522,445) 18,600,000 18,524,769 
 Shares Value 
Domestic Equity Funds - 42.5%   
Fidelity Series All-Sector Equity Fund (b) 50,377,076 $510,319,783 
Fidelity Series Blue Chip Growth Fund (b) 67,852,588 904,474,999 
Fidelity Series Commodity Strategy Fund (b) 246,288,674 1,130,465,015 
Fidelity Series Growth Company Fund (b) 107,396,637 1,842,926,286 
Fidelity Series Intrinsic Opportunities Fund (b) 142,084,609 2,220,782,439 
Fidelity Series Large Cap Stock Fund (b) 136,353,964 1,975,768,937 
Fidelity Series Large Cap Value Index Fund (b) 42,019,694 548,777,207 
Fidelity Series Opportunistic Insights Fund (b) 56,036,546 1,009,778,555 
Fidelity Series Small Cap Discovery Fund (b) 24,108,393 273,389,177 
Fidelity Series Small Cap Opportunities Fund (b) 62,915,515 809,722,677 
Fidelity Series Stock Selector Large Cap Value Fund (b) 124,641,547 1,554,280,094 
Fidelity Series Value Discovery Fund (b) 83,377,536 1,084,741,746 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $11,217,038,107)  13,865,426,915 
International Equity Funds - 29.1%   
Fidelity Series Canada Fund (b) 26,014,968 287,985,690 
Fidelity Series Emerging Markets Fund (b) 32,002,683 294,744,712 
Fidelity Series Emerging Markets Opportunities Fund (b) 145,226,503 2,698,308,429 
Fidelity Series International Growth Fund (b) 150,719,067 2,467,271,132 
Fidelity Series International Small Cap Fund (b) 32,570,162 525,682,419 
Fidelity Series International Value Fund (b) 257,295,873 2,444,310,793 
Fidelity Series Overseas Fund (b) 77,248,091 766,301,066 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $8,175,155,309)  9,484,604,241 
Bond Funds - 27.3%   
Fidelity Series Emerging Markets Debt Fund (b) 21,796,383 204,885,998 
Fidelity Series Floating Rate High Income Fund (b) 4,345,448 40,369,213 
Fidelity Series High Income Fund (b) 25,510,335 242,348,186 
Fidelity Series Inflation-Protected Bond Index Fund (b) 129,757,131 1,307,951,885 
Fidelity Series International Credit Fund (b) 1,588,057 16,626,954 
Fidelity Series Investment Grade Bond Fund (b) 527,213,435 6,115,675,851 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 82,295,632 823,779,280 
Fidelity Series Real Estate Income Fund (b) 13,865,679 155,434,256 
TOTAL BOND FUNDS   
(Cost $8,596,589,353)  8,907,071,623 
Short-Term Funds - 1.0%   
Fidelity Cash Central Fund 1.96% (c) 15,557,053 15,560,165 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 254,191,917 254,191,917 
Fidelity Series Short-Term Credit Fund (b) 6,704,617 67,582,541 
TOTAL SHORT-TERM FUNDS   
(Cost $336,079,852)  337,334,623 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $28,343,385,066)  32,612,962,171 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (16,215,296) 
NET ASSETS - 100%  $32,596,746,875 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 685 Dec. 2019 $102,013,625 $246,258 $246,258 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 811 Dec. 2019 40,627,045 (1,362,385) (1,362,385) 
TOTAL PURCHASED     (1,116,127) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 1,821 Dec. 2019 172,849,320 1,000,102 1,000,102 
TOTAL FUTURES CONTRACTS     $(116,025) 

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

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

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 $18,524,769.

 (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 $976,480 
Total $976,480 

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 Series All-Sector Equity Fund $568,895,313 $10,578,861 $98,230,290 $-- $(8,406,280) $37,482,179 $510,319,783 
Fidelity Series Blue Chip Growth Fund 1,120,692,859 113,785,970 245,574,405 94,976,145 36,520,972 (120,950,397) 904,474,999 
Fidelity Series Canada Fund 246,541,489 31,314,327 8,650,208 -- 134,045 18,646,037 287,985,690 
Fidelity Series Commodity Strategy Fund 739,272,528 479,675,643 46,090,508 10,037,418 (2,833,555) (39,559,093) 1,130,465,015 
Fidelity Series Emerging Markets Debt Fund 207,468,099 10,489,283 8,984,103 6,136,098 (362,843) (3,724,438) 204,885,998 
Fidelity Series Emerging Markets Fund 269,124,514 50,822,737 8,715,253 -- 149,119 (16,636,405) 294,744,712 
Fidelity Series Emerging Markets Opportunities Fund 2,512,377,212 264,362,055 83,554,047 -- 1,461,176 3,662,033 2,698,308,429 
Fidelity Series Floating Rate High Income Fund 40,096,639 2,108,365 1,919,722 1,175,552 (40,114) 124,045 40,369,213 
Fidelity Series Government Money Market Fund 2.07% 422,775,907 276,994,982 445,578,972 5,333,864 -- -- 254,191,917 
Fidelity Series Growth Company Fund 2,110,792,706 38,031,929 343,426,489 -- 77,255,430 (39,727,290) 1,842,926,286 
Fidelity Series High Income Fund 281,389,335 12,226,783 53,946,225 7,902,807 (1,065,992) 3,744,285 242,348,186 
Fidelity Series Inflation-Protected Bond Index Fund 441,372,517 870,200,028 20,640,613 1,288,576 (68,740) 17,088,693 1,307,951,885 
Fidelity Series International Credit Fund 15,501,991 206,019 -- 206,019 -- 918,944 16,626,954 
Fidelity Series International Growth Fund 2,336,954,122 45,149,216 93,735,805 -- 8,906,974 169,996,625 2,467,271,132 
Fidelity Series International Small Cap Fund 547,732,479 10,696,800 54,176,394 -- 2,738,360 18,691,174 525,682,419 
Fidelity Series International Value Fund 2,268,195,348 215,696,567 93,735,805 -- (755,642) 54,910,325 2,444,310,793 
Fidelity Series Intrinsic Opportunities Fund 2,534,376,344 140,030,322 333,424,610 94,890,404 (22,614,522) (97,585,095) 2,220,782,439 
Fidelity Series Investment Grade Bond Fund 4,929,657,050 1,199,584,273 203,015,922 82,083,096 1,666,433 187,784,017 6,115,675,851 
Fidelity Series Large Cap Stock Fund 2,247,464,693 137,374,110 394,440,575 97,793,362 (1,141,492) (13,487,799) 1,975,768,937 
Fidelity Series Large Cap Value Index Fund 636,942,117 11,143,581 131,391,199 -- 14,892,415 17,190,293 548,777,207 
Fidelity Series Long-Term Treasury Bond Index Fund 1,846,175,629 74,836,932 1,295,547,081 22,142,405 128,991,892 69,321,908 823,779,280 
Fidelity Series Opportunistic Insights Fund 1,141,745,148 20,150,578 190,666,562 -- 41,194,235 (2,644,844) 1,009,778,555 
Fidelity Series Overseas Fund -- 762,681,265 -- -- -- 3,619,801 766,301,066 
Fidelity Series Real Estate Income Fund 148,832,289 8,556,909 6,036,207 5,633,940 25,236 4,056,029 155,434,256 
Fidelity Series Short-Term Credit Fund 105,745,071 40,467,124 79,965,374 1,498,393 600,166 735,554 67,582,541 
Fidelity Series Small Cap Discovery Fund 308,039,361 11,864,944 52,574,348 6,528,856 3,501,986 2,557,234 273,389,177 
Fidelity Series Small Cap Opportunities Fund 939,358,907 68,061,806 162,173,125 52,025,542 (3,731,575) (31,793,336) 809,722,677 
Fidelity Series Stock Selector Large Cap Value Fund 1,715,319,843 30,365,875 285,740,321 -- (1,845,439) 96,180,136 1,554,280,094 
Fidelity Series Value Discovery Fund 1,218,720,153 21,452,397 203,623,974 -- 17,257,677 30,935,493 1,084,741,746 
 $31,901,559,663 $4,958,909,681 $4,945,558,137 $489,652,477 $292,429,922 $371,536,108 $32,578,877,237 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $18,524,769 $-- $18,524,769 $-- 
Domestic Equity Funds 13,865,426,915 13,865,426,915 -- -- 
International Equity Funds 9,484,604,241 9,484,604,241 -- -- 
Bond Funds 8,907,071,623 8,907,071,623 -- -- 
Short-Term Funds 337,334,623 337,334,623 -- -- 
Total Investments in Securities: $32,612,962,171 $32,594,437,402 $18,524,769 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $1,246,360 $1,246,360 $-- $-- 
Total Assets $1,246,360 $1,246,360 $-- $-- 
Liabilities     
Futures Contracts $(1,362,385) $(1,362,385) $-- $-- 
Total Liabilities $(1,362,385) $(1,362,385) $-- $-- 
Total Derivative Instruments: $(116,025) $(116,025) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,246,360 $(1,362,385) 
Total Equity Risk 1,246,360 (1,362,385) 
Total Value of Derivatives $1,246,360 $(1,362,385) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $18,522,445) 
$18,524,769  
Fidelity Central Funds (cost $15,559,059) 15,560,165  
Other affiliated issuers (cost $28,309,303,562) 32,578,877,237  
Total Investment in Securities (cost $28,343,385,066)  $32,612,962,171 
Receivable for investments sold  324,581,695 
Receivable for fund shares sold  36,009,808 
Distributions receivable from Fidelity Central Funds  40,805 
Receivable for daily variation margin on futures contracts  618,029 
Other receivables  195,438 
Total assets  32,974,407,946 
Liabilities   
Payable for investments purchased $277,983,297  
Payable for fund shares redeemed 82,613,214  
Accrued management fee 16,880,489  
Other payables and accrued expenses 184,071  
Total liabilities  377,661,071 
Net Assets  $32,596,746,875 
Net Assets consist of:   
Paid in capital  $27,711,176,624 
Total accumulated earnings (loss)  4,885,570,251 
Net Assets  $32,596,746,875 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($13,315,198,677 ÷ 774,900,656 shares)  $17.18 
Class K:   
Net Asset Value, offering price and redemption price per share ($16,194,277,499 ÷ 943,279,142 shares)  $17.17 
Class K6:   
Net Asset Value, offering price and redemption price per share ($3,087,270,699 ÷ 179,981,911 shares)  $17.15 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $234,008,667 
Interest  169,419 
Income from Fidelity Central Funds  976,480 
Total income  235,154,566 
Expenses   
Management fee $99,677,718  
Independent trustees' fees and expenses 65,368  
Total expenses  99,743,086 
Net investment income (loss)  135,411,480 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 54,483  
Affiliated issuers 292,429,922  
Futures contracts 25,755,289  
Capital gain distributions from underlying funds:   
Affiliated issuers 255,643,810  
Total net realized gain (loss)  573,883,504 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,210  
Fidelity Central Funds  
Other affiliated issuers 371,536,108  
Futures contracts 3,579,282  
Total change in net unrealized appreciation (depreciation)  375,116,601 
Net gain (loss)  949,000,105 
Net increase (decrease) in net assets resulting from operations  $1,084,411,585 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $135,411,480 $528,081,542 
Net realized gain (loss) 573,883,504 1,730,364,661 
Change in net unrealized appreciation (depreciation) 375,116,601 (1,511,568,639) 
Net increase (decrease) in net assets resulting from operations 1,084,411,585 746,877,564 
Distributions to shareholders (1,079,874,604) (2,065,119,501) 
Share transactions - net increase (decrease) 521,442,168 1,467,380,800 
Total increase (decrease) in net assets 525,979,149 149,138,863 
Net Assets   
Beginning of period 32,070,767,726 31,921,628,863 
End of period $32,596,746,875 $32,070,767,726 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $17.20 $18.00 $16.72 $15.20 $16.62 $16.47 
Income from Investment Operations       
Net investment income (loss)A .07 .28 .21 .25 .25 .27 
Net realized and unrealized gain (loss) .50 .07 1.90 1.90 (.75) .95 
Total from investment operations .57 .35 2.11 2.15 (.50) 1.22 
Distributions from net investment income (.01) (.28) (.22) (.25) (.26) (.28) 
Distributions from net realized gain (.58) (.87) (.61) (.38) (.67) (.79) 
Total distributions (.59) (1.15) (.83) (.63) (.92)B (1.07) 
Net asset value, end of period $17.18 $17.20 $18.00 $16.72 $15.20 $16.62 
Total ReturnC,D 3.38% 2.32% 12.78% 14.58% (3.17)% 7.76% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .69%G .69%H .59% - %I - %I - %I 
Expenses net of fee waivers, if any .69%G .69%H .59% -% -% -% 
Expenses net of all reductions .69%G .69%H .59% -% -% -% 
Net investment income (loss) .78%G 1.61% 1.20% 1.57% 1.59% 1.68% 
Supplemental Data       
Net assets, end of period (000 omitted) $13,315,199 $12,905,055 $12,684,794 $11,305,668 $10,150,137 $10,883,658 
Portfolio turnover rateF 31%G 18% 18%J 17% 16% 17% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.92 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.665 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

 I Amount represents less than .005%.

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

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


Fidelity Freedom 2030 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $17.18 $17.98 $17.47 
Income from Investment Operations    
Net investment income (loss)B .07 .30 .28 
Net realized and unrealized gain (loss) .51 .06 .81 
Total from investment operations .58 .36 1.09 
Distributions from net investment income (.01) (.29) (.24) 
Distributions from net realized gain (.58) (.87) (.35) 
Total distributions (.59) (1.16) (.58)C 
Net asset value, end of period $17.17 $17.18 $17.98 
Total ReturnD,E 3.46% 2.40% 6.24% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .59%H .60% .62%H,I 
Expenses net of fee waivers, if any .59%H .60% .62%H,I 
Expenses net of all reductions .59%H .60% .62%H,I 
Net investment income (loss) .87%H 1.70% 2.23%H 
Supplemental Data    
Net assets, end of period (000 omitted) $16,194,277 $16,527,856 $18,414,961 
Portfolio turnover rateG 31%H 18% 18%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.237 and distributions from net realized gain of $.345 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom 2030 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $17.17 $18.00 $17.15 
Income from Investment Operations    
Net investment income (loss)B .08 .31 .26 
Net realized and unrealized gain (loss) .50 .08 1.18 
Total from investment operations .58 .39 1.44 
Distributions from net investment income (.02) (.33) (.24) 
Distributions from net realized gain (.58) (.89) (.35) 
Total distributions (.60) (1.22) (.59) 
Net asset value, end of period $17.15 $17.17 $18.00 
Total ReturnC,D 3.45% 2.57% 8.35% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .47%G .47% .48%G,H 
Expenses net of fee waivers, if any .47%G .47% .48%G,H 
Expenses net of all reductions .47%G .47% .48%G,H 
Net investment income (loss) 1.00%G 1.83% 1.76%G 
Supplemental Data    
Net assets, end of period (000 omitted) $3,087,271 $2,637,856 $821,874 
Portfolio turnover rateF 31%G 18% 18%I 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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

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


Fidelity Freedom® 2035 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 9.5 
Fidelity Series International Growth Fund 9.1 
Fidelity Series International Value Fund 8.9 
Fidelity Series Intrinsic Opportunities Fund 8.5 
Fidelity Series Large Cap Stock Fund 7.5 
Fidelity Series Growth Company Fund 7.0 
Fidelity Series Investment Grade Bond Fund 6.5 
Fidelity Series Stock Selector Large Cap Value Fund 5.9 
Fidelity Series Value Discovery Fund 4.1 
Fidelity Series Opportunistic Insights Fund 3.8 
 70.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.9% 
   International Equity Funds 34.1% 
   Bond Funds 13.1% 
   Short-Term Funds 0.9% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities) * (0.1)% 


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

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

Fidelity Freedom® 2035 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 2.09% 10/17/19 to 12/26/19(a)   
(Cost $12,925,093) 12,970,000 12,927,494 
 Shares Value 
Domestic Equity Funds - 51.9%   
Fidelity Series All-Sector Equity Fund (b) 43,239,700 $438,018,163 
Fidelity Series Blue Chip Growth Fund (b) 58,082,628 774,241,434 
Fidelity Series Commodity Strategy Fund (b) 170,077,998 780,658,012 
Fidelity Series Growth Company Fund (b) 91,586,327 1,571,621,363 
Fidelity Series Intrinsic Opportunities Fund (b) 121,665,567 1,901,632,810 
Fidelity Series Large Cap Stock Fund (b) 116,768,216 1,691,971,448 
Fidelity Series Large Cap Value Index Fund (b) 36,058,569 470,924,908 
Fidelity Series Opportunistic Insights Fund (b) 47,698,572 859,528,271 
Fidelity Series Small Cap Discovery Fund (b) 20,675,739 234,462,878 
Fidelity Series Small Cap Opportunities Fund (b) 53,942,451 694,239,342 
Fidelity Series Stock Selector Large Cap Value Fund (b) 106,759,333 1,331,288,884 
Fidelity Series Value Discovery Fund (b) 71,447,467 929,531,546 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $9,671,334,388)  11,678,119,059 
International Equity Funds - 34.1%   
Fidelity Series Canada Fund (b) 21,138,020 233,997,881 
Fidelity Series Emerging Markets Fund (b) 25,199,073 232,083,459 
Fidelity Series Emerging Markets Opportunities Fund (b) 114,807,842 2,133,129,699 
Fidelity Series International Growth Fund (b) 124,629,720 2,040,188,512 
Fidelity Series International Small Cap Fund (b) 26,872,614 433,723,985 
Fidelity Series International Value Fund (b) 209,437,830 1,989,659,381 
Fidelity Series Overseas Fund (b) 62,048,936 615,525,448 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $6,724,185,500)  7,678,308,365 
Bond Funds - 13.1%   
Fidelity Series Emerging Markets Debt Fund (b) 14,791,562 139,040,687 
Fidelity Series Floating Rate High Income Fund (b) 2,994,121 27,815,383 
Fidelity Series High Income Fund (b) 17,716,264 168,304,506 
Fidelity Series Inflation-Protected Bond Index Fund (b) 44,934,991 452,944,710 
Fidelity Series International Credit Fund (b) 1,057,556 11,072,610 
Fidelity Series Investment Grade Bond Fund (b) 126,200,353 1,463,924,097 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 56,469,659 565,261,284 
Fidelity Series Real Estate Income Fund (b) 9,435,861 105,776,001 
TOTAL BOND FUNDS   
(Cost $2,813,911,184)  2,934,139,278 
Short-Term Funds - 0.9%   
Fidelity Cash Central Fund 1.96% (c) 10,983,332 10,985,529 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 150,035,246 150,035,246 
Fidelity Series Short-Term Credit Fund (b) 3,728,477 37,583,053 
TOTAL SHORT-TERM FUNDS   
(Cost $197,872,081)  198,603,828 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $19,420,228,246)  22,502,098,024 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (11,810,367) 
NET ASSETS - 100%  $22,490,287,657 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 122 Dec. 2019 $18,168,850 $65,935 $65,935 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 630 Dec. 2019 31,559,850 (1,061,183) (1,061,183) 
TOTAL PURCHASED     (995,248) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 1,097 Dec. 2019 104,127,240 665,104 665,104 
TOTAL FUTURES CONTRACTS     $(330,144) 

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 0.5%

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 $12,927,494.

 (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 $540,110 
Total $540,110 

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 $485,736,145 $12,170,977 $84,662,014 $-- $(9,123,565) $33,896,620 $438,018,163 
Fidelity Series Blue Chip Growth Fund 922,243,872 101,450,651 177,845,965 79,979,328 17,549,609 (89,156,733) 774,241,434 
Fidelity Series Canada Fund 200,641,560 25,864,348 7,757,241 -- 7,681 15,241,533 233,997,881 
Fidelity Series Commodity Strategy Fund 508,842,899 342,246,092 41,490,254 6,884,636 (8,324,969) (20,615,756) 780,658,012 
Fidelity Series Emerging Markets Debt Fund 140,335,409 8,323,738 6,857,032 4,151,296 (259,850) (2,501,578) 139,040,687 
Fidelity Series Emerging Markets Fund 208,782,053 43,670,771 7,467,155 -- 45,895 (12,948,105) 232,083,459 
Fidelity Series Emerging Markets Opportunities Fund 1,948,882,881 247,725,230 66,968,925 -- (2,196,207) 5,686,720 2,133,129,699 
Fidelity Series Floating Rate High Income Fund 27,521,732 1,701,355 1,464,610 807,268 (15,895) 72,801 27,815,383 
Fidelity Series Government Money Market Fund 2.07% 291,474,846 148,523,924 289,963,524 3,688,995 -- -- 150,035,246 
Fidelity Series Growth Company Fund 1,769,244,706 42,493,234 269,907,782 -- 38,367,174 (8,575,969) 1,571,621,363 
Fidelity Series High Income Fund 187,845,665 9,635,789 31,009,574 5,470,834 (888,282) 2,720,908 168,304,506 
Fidelity Series Inflation-Protected Bond Index Fund 64,395,273 389,936,361 3,633,149 183,973 21,186 2,225,039 452,944,710 
Fidelity Series International Credit Fund 10,323,448 137,197 -- 137,197 -- 611,965 11,072,610 
Fidelity Series International Growth Fund 1,926,163,794 51,386,856 84,919,064 -- 1,783,943 145,772,983 2,040,188,512 
Fidelity Series International Small Cap Fund 449,065,197 12,233,256 45,122,394 -- (1,293,698) 18,841,624 433,723,985 
Fidelity Series International Value Fund 1,844,057,802 187,408,485 84,919,064 -- (2,757,575) 45,869,733 1,989,659,381 
Fidelity Series Intrinsic Opportunities Fund 2,140,495,992 132,813,996 269,840,586 80,414,058 (22,356,061) (79,480,531) 1,901,632,810 
Fidelity Series Investment Grade Bond Fund 595,460,824 862,008,579 20,491,497 13,430,882 51,048 26,895,143 1,463,924,097 
Fidelity Series Large Cap Stock Fund 1,888,940,826 128,601,588 312,007,848 82,776,060 (4,264,164) (9,298,954) 1,691,971,448 
Fidelity Series Large Cap Value Index Fund 536,295,348 12,618,715 104,724,599 -- 7,808,473 18,926,971 470,924,908 
Fidelity Series Long-Term Treasury Bond Index Fund 1,272,759,684 64,563,055 911,037,130 15,288,860 91,859,025 47,116,650 565,261,284 
Fidelity Series Opportunistic Insights Fund 960,212,537 22,704,161 155,261,015 -- 14,875,105 16,997,483 859,528,271 
Fidelity Series Overseas Fund -- 613,002,794 -- -- -- 2,522,654 615,525,448 
Fidelity Series Real Estate Income Fund 100,983,265 6,630,434 4,604,568 3,829,036 21,721 2,745,149 105,776,001 
Fidelity Series Short-Term Credit Fund 72,902,460 28,691,538 64,954,619 995,480 538,578 405,096 37,583,053 
Fidelity Series Small Cap Discovery Fund 250,035,864 11,689,182 31,844,431 5,458,205 (1,016,992) 5,599,255 234,462,878 
Fidelity Series Small Cap Opportunities Fund 769,168,220 62,991,020 107,368,238 44,123,444 (4,201,548) (26,350,112) 694,239,342 
Fidelity Series Stock Selector Large Cap Value Fund 1,441,977,127 35,222,246 224,939,521 -- (6,828,237) 85,857,269 1,331,288,884 
Fidelity Series Value Discovery Fund 1,021,224,899 25,112,941 157,021,371 -- (1,924,316) 42,139,393 929,531,546 
 $22,036,014,328 $3,631,558,513 $3,568,083,170 $347,619,552 $107,478,079 $271,217,251 $22,478,185,001 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $12,927,494 $-- $12,927,494 $-- 
Domestic Equity Funds 11,678,119,059 11,678,119,059 -- -- 
International Equity Funds 7,678,308,365 7,678,308,365 -- -- 
Bond Funds 2,934,139,278 2,934,139,278 -- -- 
Short-Term Funds 198,603,828 198,603,828 -- -- 
Total Investments in Securities: $22,502,098,024 $22,489,170,530 $12,927,494 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $731,039 $731,039 $-- $-- 
Total Assets $731,039 $731,039 $-- $-- 
Liabilities     
Futures Contracts $(1,061,183) $(1,061,183) $-- $-- 
Total Liabilities $(1,061,183) $(1,061,183) $-- $-- 
Total Derivative Instruments: $(330,144) $(330,144) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $731,039 $(1,061,183) 
Total Equity Risk 731,039 (1,061,183) 
Total Value of Derivatives $731,039 $(1,061,183) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $12,925,093) 
$12,927,494  
Fidelity Central Funds (cost $10,984,625) 10,985,529  
Other affiliated issuers (cost $19,396,318,528) 22,478,185,001  
Total Investment in Securities (cost $19,420,228,246)  $22,502,098,024 
Receivable for investments sold  167,597,281 
Receivable for fund shares sold  28,883,384 
Distributions receivable from Fidelity Central Funds  28,078 
Receivable for daily variation margin on futures contracts  383,029 
Other receivables  21,560 
Total assets  22,699,011,356 
Liabilities   
Payable for investments purchased $130,162,096  
Payable for fund shares redeemed 66,318,815  
Accrued management fee 12,242,788  
Total liabilities  208,723,699 
Net Assets  $22,490,287,657 
Net Assets consist of:   
Paid in capital  $19,090,042,408 
Total accumulated earnings (loss)  3,400,245,249 
Net Assets  $22,490,287,657 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($8,559,423,382 ÷ 599,065,732 shares)  $14.29 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,373,897,263 ÷ 797,091,681 shares)  $14.27 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,556,967,012 ÷ 179,278,127 shares)  $14.26 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $131,650,730 
Interest  94,168 
Income from Fidelity Central Funds  540,110 
Total income  132,285,008 
Expenses   
Management fee $72,205,369  
Independent trustees' fees and expenses 44,394  
Total expenses before reductions 72,249,763  
Expense reductions (3)  
Total expenses after reductions  72,249,760 
Net investment income (loss)  60,035,248 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 103,270  
Affiliated issuers 107,478,079  
Futures contracts 14,548,013  
Capital gain distributions from underlying funds:   
Affiliated issuers 215,968,822  
Total net realized gain (loss)  338,098,184 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,976  
Affiliated issuers 271,217,251  
Futures contracts 2,283,431  
Total change in net unrealized appreciation (depreciation)  273,502,658 
Net gain (loss)  611,600,842 
Net increase (decrease) in net assets resulting from operations  $671,636,090 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $60,035,248 $321,409,355 
Net realized gain (loss) 338,098,184 1,362,873,563 
Change in net unrealized appreciation (depreciation) 273,502,658 (1,260,260,336) 
Net increase (decrease) in net assets resulting from operations 671,636,090 424,022,582 
Distributions to shareholders (848,654,469) (1,465,758,420) 
Share transactions - net increase (decrease) 540,395,280 1,425,813,293 
Total increase (decrease) in net assets 363,376,901 384,077,455 
Net Assets   
Beginning of period 22,126,910,756 21,742,833,301 
End of period $22,490,287,657 $22,126,910,756 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.42 $15.20 $13.88 $12.46 $13.67 $13.62 
Income from Investment Operations       
Net investment income (loss)A .03 .21 .16 .19 .19 .22 
Net realized and unrealized gain (loss) .40 .01 1.81 1.75 (.65) .80 
Total from investment operations .43 .22 1.97 1.94 (.46) 1.02 
Distributions from net investment income – (.22) (.17) (.18) (.20) (.23) 
Distributions from net realized gain (.56) (.78) (.47) (.34) (.55) (.75) 
Total distributions (.56) (1.00) (.65)B (.52) (.75) (.97)C 
Net asset value, end of period $14.29 $14.42 $15.20 $13.88 $12.46 $13.67 
Total ReturnD,E 3.07% 1.85% 14.32% 16.09% (3.59)% 7.90% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .73%H .74% .63%I - %J - %J - %J 
Expenses net of fee waivers, if any .73%H .74% .63%I -% -% -% 
Expenses net of all reductions .73%H .74% .63%I -% -% -% 
Net investment income (loss) .46%H 1.41% 1.06% 1.45% 1.48% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,559,423 $8,247,886 $8,050,659 $6,889,828 $5,961,088 $6,289,345 
Portfolio turnover rateG 32%H 18% 17%K 16% 15% 18%K 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.65 per share is comprised of distributions from net investment income of $.171 and distributions from net realized gain of $.474 per share.

 C Total distributions of $.97 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $.746 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 J Amount represents less than .005%.

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

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


Fidelity Freedom 2035 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.40 $15.18 $14.60 
Income from Investment Operations    
Net investment income (loss)B .04 .22 .22 
Net realized and unrealized gain (loss) .39 .01 .82 
Total from investment operations .43 .23 1.04 
Distributions from net investment income – (.23) (.19) 
Distributions from net realized gain (.56) (.78) (.26) 
Total distributions (.56) (1.01) (.46)C 
Net asset value, end of period $14.27 $14.40 $15.18 
Total ReturnD,E 3.09% 1.95% 7.09% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .63%H .64% .65%H,I 
Expenses net of fee waivers, if any .63%H .64% .65%H,I 
Expenses net of all reductions .63%H .64% .65%H,I 
Net investment income (loss) .56%H 1.51% 2.07%H 
Supplemental Data    
Net assets, end of period (000 omitted) $11,373,897 $11,661,819 $12,979,898 
Portfolio turnover rateG 32%H 18% 17%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.264 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom 2035 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.39 $15.20 $14.30 
Income from Investment Operations    
Net investment income (loss)B .05 .24 .20 
Net realized and unrealized gain (loss) .39 .01 1.16 
Total from investment operations .44 .25 1.36 
Distributions from net investment income – (.27) (.20) 
Distributions from net realized gain (.57) (.79) (.26) 
Total distributions (.57) (1.06) (.46) 
Net asset value, end of period $14.26 $14.39 $15.20 
Total ReturnC,D 3.15% 2.10% 9.50% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .49%G .49% .50%G,H 
Expenses net of fee waivers, if any .49%G .49% .50%G,H 
Expenses net of all reductions .49%G .49% .50%G,H 
Net investment income (loss) .71%G 1.65% 1.61%G 
Supplemental Data    
Net assets, end of period (000 omitted) $2,556,967 $2,217,206 $712,276 
Portfolio turnover rateF 32%G 18% 17%I 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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

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


Fidelity Freedom® 2040 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.8 
Fidelity Series International Value Fund 9.5 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Opportunistic Insights Fund 4.1 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Freedom® 2040 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $17,073,812) 17,110,000 17,077,027 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Series All-Sector Equity Fund (b) 47,094,711 $477,069,423 
Fidelity Series Blue Chip Growth Fund (b) 63,058,892 840,575,034 
Fidelity Series Commodity Strategy Fund (b) 173,380,384 795,815,965 
Fidelity Series Growth Company Fund (b) 99,809,716 1,712,734,718 
Fidelity Series Intrinsic Opportunities Fund (b) 131,993,082 2,063,051,868 
Fidelity Series Large Cap Stock Fund (b) 126,698,861 1,835,866,497 
Fidelity Series Large Cap Value Index Fund (b) 39,259,740 512,732,211 
Fidelity Series Opportunistic Insights Fund (b) 51,873,092 934,753,121 
Fidelity Series Small Cap Discovery Fund (b) 22,429,507 254,350,614 
Fidelity Series Small Cap Opportunities Fund (b) 58,639,363 754,688,602 
Fidelity Series Stock Selector Large Cap Value Fund (b) 115,881,577 1,445,043,269 
Fidelity Series Value Discovery Fund (b) 77,608,415 1,009,685,484 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $10,436,228,624)  12,636,366,806 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 22,789,456 252,279,280 
Fidelity Series Emerging Markets Fund (b) 27,636,324 254,530,547 
Fidelity Series Emerging Markets Opportunities Fund (b) 122,585,900 2,277,646,024 
Fidelity Series International Growth Fund (b) 134,934,341 2,208,875,168 
Fidelity Series International Small Cap Fund (b) 28,677,009 462,846,924 
Fidelity Series International Value Fund (b) 225,514,932 2,142,391,854 
Fidelity Series Overseas Fund (b) 64,833,608 643,149,396 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $7,220,140,706)  8,241,719,193 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 14,934,850 140,387,591 
Fidelity Series Floating Rate High Income Fund (b) 3,008,274 27,946,862 
Fidelity Series High Income Fund (b) 18,082,983 171,788,337 
Fidelity Series Inflation-Protected Bond Index Fund (b) 36,330,441 366,210,840 
Fidelity Series International Credit Fund (b) 1,028,075 10,763,947 
Fidelity Series Investment Grade Bond Fund (b) 2,334,243 27,077,218 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 58,168,247 582,264,150 
Fidelity Series Real Estate Income Fund (b) 9,622,253 107,865,454 
TOTAL BOND FUNDS   
(Cost $1,350,895,766)  1,434,304,399 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 9,525,810 9,527,715 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 223,552,637 223,552,637 
Fidelity Series Short-Term Credit Fund (b) 5,555,787 56,002,335 
TOTAL SHORT-TERM FUNDS   
(Cost $288,485,742)  289,082,687 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $19,312,824,650)  22,618,550,112 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (12,220,935) 
NET ASSETS - 100%  $22,606,329,177 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 486 Dec. 2019 $72,377,550 $259,637 $259,637 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 340 Dec. 2019 17,032,300 (573,727) (573,727) 
TOTAL PURCHASED     (314,090) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 970 Dec. 2019 92,072,400 700,171 700,171 
TOTAL FUTURES CONTRACTS     $386,081 

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

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

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 $13,264,484.

 (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 $367,071 
Total $367,071 

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 Series All-Sector Equity Fund $558,080,270 $11,099,033 $118,544,372 $-- $(18,002,468) $44,436,960 $477,069,423 
Fidelity Series Blue Chip Growth Fund 991,489,200 106,420,067 176,376,653 86,949,603 9,802,053 (90,759,633) 840,575,034 
Fidelity Series Canada Fund 213,797,940 30,276,817 8,210,510 -- 102,346 16,312,687 252,279,280 
Fidelity Series Commodity Strategy Fund 558,323,357 292,474,285 25,221,316 7,015,070 (6,551,153) (23,209,208) 795,815,965 
Fidelity Series Emerging Markets Debt Fund 142,580,650 7,764,637 7,169,581 4,205,787 (396,175) (2,391,940) 140,387,591 
Fidelity Series Emerging Markets Fund 219,264,240 56,207,067 7,743,063 -- (241) (13,197,456) 254,530,547 
Fidelity Series Emerging Markets Opportunities Fund 2,050,312,796 292,140,634 69,707,712 -- (4,499,952) 9,400,258 2,277,646,024 
Fidelity Series Floating Rate High Income Fund 27,844,283 1,576,707 1,532,029 814,104 (39,254) 97,155 27,946,862 
Fidelity Series Government Money Market Fund 2.07% 161,417,474 192,719,091 130,583,928 2,398,559 -- -- 223,552,637 
Fidelity Series Growth Company Fund 1,996,496,748 39,282,031 353,256,888 -- 31,354,111 (1,141,284) 1,712,734,718 
Fidelity Series High Income Fund 238,590,013 9,216,746 78,065,747 5,637,460 (2,456,256) 4,503,581 171,788,337 
Fidelity Series Inflation-Protected Bond Index Fund 65,297,368 303,096,217 3,494,356 187,281 12,207 1,299,404 366,210,840 
Fidelity Series International Credit Fund 10,035,669 133,373 -- 133,373 -- 594,905 10,763,947 
Fidelity Series International Growth Fund 2,096,368,378 46,661,110 94,563,612 -- (399,123) 160,808,415 2,208,875,168 
Fidelity Series International Small Cap Fund 484,368,989 11,100,555 51,522,878 -- (3,312,931) 22,213,189 462,846,924 
Fidelity Series International Value Fund 1,960,768,572 212,331,772 76,698,951 -- (2,364,277) 48,354,738 2,142,391,854 
Fidelity Series Intrinsic Opportunities Fund 2,243,098,529 158,017,459 228,590,586 87,801,261 (16,468,371) (93,005,163) 2,063,051,868 
Fidelity Series Investment Grade Bond Fund 137,434,757 57,062,246 174,738,802 2,467,002 6,896,496 422,521 27,077,218 
Fidelity Series Large Cap Stock Fund 2,005,791,811 134,075,755 288,303,482 89,880,025 (3,070,076) (12,627,511) 1,835,866,497 
Fidelity Series Large Cap Value Index Fund 566,054,815 12,467,789 94,720,721 -- 7,139,974 21,790,354 512,732,211 
Fidelity Series Long-Term Treasury Bond Index Fund 802,726,823 53,350,041 354,972,774 9,419,928 23,847,203 57,312,857 582,264,150 
Fidelity Series Opportunistic Insights Fund 1,032,896,974 21,384,144 152,607,001 -- 10,705,668 22,373,336 934,753,121 
Fidelity Series Overseas Fund -- 640,771,602 -- -- -- 2,377,794 643,149,396 
Fidelity Series Real Estate Income Fund 103,544,954 6,304,025 4,814,242 3,914,470 2,420 2,828,297 107,865,454 
Fidelity Series Short-Term Credit Fund 44,562,312 24,779,190 13,871,404 657,923 32,869 499,368 56,002,335 
Fidelity Series Small Cap Discovery Fund 260,466,275 14,953,860 26,140,271 5,790,329 (876,148) 5,946,898 254,350,614 
Fidelity Series Small Cap Opportunities Fund 818,974,463 66,399,432 97,589,247 48,113,520 (4,013,252) (29,082,794) 754,688,602 
Fidelity Series Stock Selector Large Cap Value Fund 1,535,896,694 32,614,749 208,408,575 -- (5,516,925) 90,457,326 1,445,043,269 
Fidelity Series Value Discovery Fund 1,075,865,209 24,101,659 134,042,817 -- (1,806,124) 45,567,557 1,009,685,484 
 $22,402,349,563 $2,858,782,093 $2,981,491,518 $355,385,695 $20,122,621 $292,182,611 $22,591,945,370 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $17,077,027 $-- $17,077,027 $-- 
Domestic Equity Funds 12,636,366,806 12,636,366,806 -- -- 
International Equity Funds 8,241,719,193 8,241,719,193 -- -- 
Bond Funds 1,434,304,399 1,434,304,399 -- -- 
Short-Term Funds 289,082,687 289,082,687 -- -- 
Total Investments in Securities: $22,618,550,112 $22,601,473,085 $17,077,027 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $959,808 $959,808 $-- $-- 
Total Assets $959,808 $959,808 $-- $-- 
Liabilities     
Futures Contracts $(573,727) $(573,727) $-- $-- 
Total Liabilities $(573,727) $(573,727) $-- $-- 
Total Derivative Instruments: $386,081 $386,081 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $959,808 $(573,727) 
Total Equity Risk 959,808 (573,727) 
Total Value of Derivatives $959,808 $(573,727) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $17,073,812) 
$17,077,027  
Fidelity Central Funds (cost $9,527,298) 9,527,715  
Other affiliated issuers (cost $19,286,223,540) 22,591,945,370  
Total Investment in Securities (cost $19,312,824,650)  $22,618,550,112 
Receivable for investments sold  183,319,753 
Receivable for fund shares sold  25,660,494 
Distributions receivable from Fidelity Central Funds  16,063 
Receivable for daily variation margin on futures contracts  366,977 
Other receivables  22,719 
Total assets  22,827,936,118 
Liabilities   
Payable for investments purchased $146,500,196  
Payable for fund shares redeemed 62,479,532  
Accrued management fee 12,627,213  
Total liabilities  221,606,941 
Net Assets  $22,606,329,177 
Net Assets consist of:   
Paid in capital  $19,082,440,404 
Total accumulated earnings (loss)  3,523,888,773 
Net Assets  $22,606,329,177 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($8,643,607,086 ÷ 870,224,274 shares)  $9.93 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,618,670,280 ÷ 1,170,334,664 shares)  $9.93 
Class K6:   
Net Asset Value, offering price and redemption price per share ($2,344,051,811 ÷ 236,552,324 shares)  $9.91 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $120,236,153 
Interest  108,227 
Income from Fidelity Central Funds  367,071 
Total income  120,711,451 
Expenses   
Management fee $74,730,840  
Independent trustees' fees and expenses 44,925  
Total expenses before reductions 74,775,765  
Expense reductions (2)  
Total expenses after reductions  74,775,763 
Net investment income (loss)  45,935,688 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 109,358  
Affiliated issuers 20,122,621  
Futures contracts 15,570,167  
Capital gain distributions from underlying funds:   
Affiliated issuers 235,149,542  
Total net realized gain (loss)  270,951,688 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 3,203  
Affiliated issuers 292,182,611  
Futures contracts 667,940  
Total change in net unrealized appreciation (depreciation)  292,853,754 
Net gain (loss)  563,805,442 
Net increase (decrease) in net assets resulting from operations  $609,741,130 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $45,935,688 $318,162,186 
Net realized gain (loss) 270,951,688 1,461,230,192 
Change in net unrealized appreciation (depreciation) 292,853,754 (1,375,577,416) 
Net increase (decrease) in net assets resulting from operations 609,741,130 403,814,962 
Distributions to shareholders (914,594,745) (1,543,664,947) 
Share transactions - net increase (decrease) 476,224,049 1,202,056,606 
Total increase (decrease) in net assets 171,370,434 62,206,621 
Net Assets   
Beginning of period 22,434,958,743 22,372,752,122 
End of period $22,606,329,177 $22,434,958,743 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $10.09 $10.67 $9.74 $8.75 $9.63 $9.62 
Income from Investment Operations       
Net investment income (loss)A .02 .14 .11 .13 .13 .15 
Net realized and unrealized gain (loss) .24 B 1.29 1.24 (.46) .57 
Total from investment operations .26 .14 1.40 1.37 (.33) .72 
Distributions from net investment income – (.15) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.42) (.57) (.35) (.24) (.41) (.55) 
Total distributions (.42) (.72) (.47) (.38)C (.55) (.71) 
Net asset value, end of period $9.93 $10.09 $10.67 $9.74 $8.75 $9.63 
Total ReturnD,E 2.62% 1.79% 14.52% 16.14% (3.62)% 7.86% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .63%I - %J - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .63%I -% -% -% 
Expenses net of all reductions .75%H .75% .63%I -% -% -% 
Net investment income (loss) .33%H 1.36% 1.04% 1.44% 1.47% 1.61% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,643,607 $8,404,848 $8,285,660 $7,264,459 $6,388,566 $6,901,191 
Portfolio turnover rateF 26%H 17% 16%K 15% 16% 17% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.38 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.244 per share.

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

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

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

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

 H Annualized

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

 J Amount represents less than .005%.

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

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


Fidelity Freedom 2040 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.08 $10.66 $10.25 
Income from Investment Operations    
Net investment income (loss)B .02 .15 .15 
Net realized and unrealized gain (loss) .25 C .59 
Total from investment operations .27 .15 .74 
Distributions from net investment income – (.16) (.14) 
Distributions from net realized gain (.42) (.57) (.19) 
Total distributions (.42) (.73) (.33) 
Net asset value, end of period $9.93 $10.08 $10.66 
Total ReturnD,E 2.74% 1.87% 7.21% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .64%H .64% .65%H,I 
Expenses net of fee waivers, if any .64%H .64% .65%H,I 
Expenses net of all reductions .64%H .64% .65%H,I 
Net investment income (loss) .43%H 1.46% 2.06%H 
Supplemental Data    
Net assets, end of period (000 omitted) $11,618,670 $11,994,623 $13,434,642 
Portfolio turnover rateF 26%H 17% 16%J 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

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

 H Annualized

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

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

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


Fidelity Freedom 2040 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.06 $10.66 $10.03 
Income from Investment Operations    
Net investment income (loss)B .03 .16 .13 
Net realized and unrealized gain (loss) .24 .01 .83 
Total from investment operations .27 .17 .96 
Distributions from net investment income – (.19) (.14) 
Distributions from net realized gain (.42) (.58) (.19) 
Total distributions (.42) (.77) (.33) 
Net asset value, end of period $9.91 $10.06 $10.66 
Total ReturnC,D 2.80% 2.06% 9.60% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .49%G .50%H .50%G,H 
Expenses net of fee waivers, if any .49%G .50%H .50%G,H 
Expenses net of all reductions .49%G .50%H .50%G,H 
Net investment income (loss) .58%G 1.61% 1.55%G 
Supplemental Data    
Net assets, end of period (000 omitted) $2,344,052 $2,035,487 $652,451 
Portfolio turnover rateE 26%G 17% 16%I 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Annualized

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

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

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


Fidelity Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.8 
Fidelity Series International Value Fund 9.5 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Opportunistic Insights Fund 4.1 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Freedom® 2045 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $9,788,927) 9,810,000 9,790,751 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Series All-Sector Equity Fund (b) 29,374,760 $297,566,322 
Fidelity Series Blue Chip Growth Fund (b) 39,315,012 524,069,117 
Fidelity Series Commodity Strategy Fund (b) 108,069,894 496,040,815 
Fidelity Series Growth Company Fund (b) 62,232,405 1,067,908,071 
Fidelity Series Intrinsic Opportunities Fund (b) 82,297,004 1,286,302,179 
Fidelity Series Large Cap Stock Fund (b) 78,997,186 1,144,669,223 
Fidelity Series Large Cap Value Index Fund (b) 24,487,035 319,800,673 
Fidelity Series Opportunistic Insights Fund (b) 32,341,390 582,791,854 
Fidelity Series Small Cap Discovery Fund (b) 13,988,357 158,627,966 
Fidelity Series Small Cap Opportunities Fund (b) 36,569,166 470,645,167 
Fidelity Series Stock Selector Large Cap Value Fund (b) 72,255,019 901,020,091 
Fidelity Series Value Discovery Fund (b) 48,394,343 629,610,399 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $6,682,716,541)  7,879,051,877 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 14,207,368 157,275,569 
Fidelity Series Emerging Markets Fund (b) 17,228,774 158,677,012 
Fidelity Series Emerging Markets Opportunities Fund (b) 76,421,260 1,419,907,018 
Fidelity Series International Growth Fund (b) 84,008,145 1,375,213,335 
Fidelity Series International Small Cap Fund (b) 17,969,614 290,029,570 
Fidelity Series International Value Fund (b) 140,598,682 1,335,687,474 
Fidelity Series Overseas Fund (b) 40,497,556 401,735,751 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $4,570,137,095)  5,138,525,729 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 9,186,486 86,352,972 
Fidelity Series Floating Rate High Income Fund (b) 1,880,761 17,472,273 
Fidelity Series High Income Fund (b) 11,233,275 106,716,116 
Fidelity Series Inflation-Protected Bond Index Fund (b) 22,773,678 229,558,673 
Fidelity Series International Credit Fund (b) 611,678 6,404,267 
Fidelity Series Investment Grade Bond Fund (b) 1,463,481 16,976,374 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 36,263,026 362,992,886 
Fidelity Series Real Estate Income Fund (b) 5,916,942 66,328,923 
TOTAL BOND FUNDS   
(Cost $839,919,235)  892,802,484 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 6,398,309 6,399,589 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 139,361,346 139,361,346 
Fidelity Series Short-Term Credit Fund (b) 3,463,455 34,911,630 
TOTAL SHORT-TERM FUNDS   
(Cost $180,289,816)  180,672,565 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $12,282,851,614)  14,100,843,406 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (7,494,147) 
NET ASSETS - 100%  $14,093,349,259 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 294 Dec. 2019 $43,783,950 $157,082 $157,082 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 212 Dec. 2019 10,620,140 (357,819) (357,819) 
TOTAL PURCHASED     (200,737) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 609 Dec. 2019 57,806,280 435,652 435,652 
TOTAL FUTURES CONTRACTS     $234,915 

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

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

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 $8,267,468.

 (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 $228,108 
Total $228,108 

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 $342,759,111 $12,319,003 $73,786,178 $-- $(12,918,067) $29,192,453 $297,566,322 
Fidelity Series Blue Chip Growth Fund 609,617,828 75,723,751 110,934,866 54,121,385 3,735,795 (54,073,391) 524,069,117 
Fidelity Series Canada Fund 131,549,368 21,202,842 5,629,880 -- 9,696 10,143,543 157,275,569 
Fidelity Series Commodity Strategy Fund 343,713,396 188,163,578 17,352,083 4,366,040 (4,639,970) (13,844,106) 496,040,815 
Fidelity Series Emerging Markets Debt Fund 86,506,877 6,514,236 4,961,742 2,564,187 (189,651) (1,516,748) 86,352,972 
Fidelity Series Emerging Markets Fund 134,858,698 37,273,318 5,317,006 -- (14,259) (8,123,739) 158,677,012 
Fidelity Series Emerging Markets Opportunities Fund 1,260,766,325 203,799,630 47,861,004 -- (2,586,085) 5,788,152 1,419,907,018 
Fidelity Series Floating Rate High Income Fund 17,147,554 1,350,581 1,060,288 504,146 (25,639) 60,065 17,472,273 
Fidelity Series Government Money Market Fund 2.07% 99,322,094 123,440,493 83,401,241 1,485,698 -- -- 139,361,346 
Fidelity Series Growth Company Fund 1,229,628,037 43,582,177 224,054,513 -- 8,612,585 10,139,785 1,067,908,071 
Fidelity Series High Income Fund 146,721,391 7,374,608 48,640,748 3,475,490 (1,236,770) 2,497,635 106,716,116 
Fidelity Series Inflation-Protected Bond Index Fund 40,175,190 191,014,801 2,434,354 116,198 8,869 794,167 229,558,673 
Fidelity Series International Credit Fund 5,970,961 79,353 -- 79,353 -- 353,953 6,404,267 
Fidelity Series International Growth Fund 1,289,865,390 51,785,530 65,430,859 -- (943,507) 99,936,781 1,375,213,335 
Fidelity Series International Small Cap Fund 298,008,728 12,204,379 31,844,989 -- (1,610,709) 13,272,161 290,029,570 
Fidelity Series International Value Fund 1,206,453,222 157,331,906 56,762,671 -- (2,707,533) 31,372,550 1,335,687,474 
Fidelity Series Intrinsic Opportunities Fund 1,389,389,164 111,652,561 146,893,443 54,649,391 (9,694,615) (58,151,488) 1,286,302,179 
Fidelity Series Investment Grade Bond Fund 83,636,826 36,985,674 108,212,445 1,531,557 4,903,667 (337,348) 16,976,374 
Fidelity Series Large Cap Stock Fund 1,237,134,113 102,891,066 185,539,379 55,631,978 (3,471,961) (6,344,616) 1,144,669,223 
Fidelity Series Large Cap Value Index Fund 348,639,288 13,787,487 60,554,836 -- 2,646,806 15,281,928 319,800,673 
Fidelity Series Long-Term Treasury Bond Index Fund 493,870,168 42,582,446 223,970,402 5,836,100 14,615,199 35,895,475 362,992,886 
Fidelity Series Opportunistic Insights Fund 636,667,857 23,933,156 97,960,770 -- 3,353,206 16,798,405 582,791,854 
Fidelity Series Overseas Fund -- 400,260,118 -- -- -- 1,475,633 401,735,751 
Fidelity Series Real Estate Income Fund 62,889,620 5,048,400 3,331,638 2,396,296 (2,834) 1,725,375 66,328,923 
Fidelity Series Short-Term Credit Fund 27,367,758 15,841,489 8,626,844 406,971 19,910 309,317 34,911,630 
Fidelity Series Small Cap Discovery Fund 160,041,128 12,182,186 16,756,607 3,570,766 (821,904) 3,983,163 158,627,966 
Fidelity Series Small Cap Opportunities Fund 504,022,058 49,977,745 62,675,087 29,947,994 (2,669,036) (18,010,513) 470,645,167 
Fidelity Series Stock Selector Large Cap Value Fund 945,203,894 36,233,647 132,925,414 -- (2,183,572) 54,691,536 901,020,091 
Fidelity Series Value Discovery Fund 662,160,913 26,494,662 86,141,856 -- (1,095,847) 28,192,527 629,610,399 
 $13,794,086,957 $2,011,030,823 $1,913,061,143 $220,683,550 $(8,906,226) $201,502,655 $14,084,653,066 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $9,790,751 $-- $9,790,751 $-- 
Domestic Equity Funds 7,879,051,877 7,879,051,877 -- -- 
International Equity Funds 5,138,525,729 5,138,525,729 -- -- 
Bond Funds 892,802,484 892,802,484 -- -- 
Short-Term Funds 180,672,565 180,672,565 -- -- 
Total Investments in Securities: $14,100,843,406 $14,091,052,655 $9,790,751 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $592,734 $592,734 $-- $-- 
Total Assets $592,734 $592,734 $-- $-- 
Liabilities     
Futures Contracts $(357,819) $(357,819) $-- $-- 
Total Liabilities $(357,819) $(357,819) $-- $-- 
Total Derivative Instruments: $234,915 $234,915 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $592,734 $(357,819) 
Total Equity Risk 592,734 (357,819) 
Total Value of Derivatives $592,734 $(357,819) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $9,788,927) 
$9,790,751  
Fidelity Central Funds (cost $6,399,270) 6,399,589  
Other affiliated issuers (cost $12,266,663,417) 14,084,653,066  
Total Investment in Securities (cost $12,282,851,614)  $14,100,843,406 
Receivable for investments sold  116,065,417 
Receivable for fund shares sold  23,663,272 
Distributions receivable from Fidelity Central Funds  11,527 
Receivable for daily variation margin on futures contracts  233,142 
Other receivables  13,757 
Total assets  14,240,830,521 
Liabilities   
Payable for investments purchased $90,183,354  
Payable for fund shares redeemed 49,545,781  
Accrued management fee 7,752,127  
Total liabilities  147,481,262 
Net Assets  $14,093,349,259 
Net Assets consist of:   
Paid in capital  $12,162,926,628 
Total accumulated earnings (loss)  1,930,422,631 
Net Assets  $14,093,349,259 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($4,542,283,302 ÷ 402,934,160 shares)  $11.27 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,786,176,778 ÷ 691,412,022 shares)  $11.26 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,764,889,179 ÷ 156,962,385 shares)  $11.24 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $74,465,276 
Interest  58,780 
Income from Fidelity Central Funds  228,108 
Total income  74,752,164 
Expenses   
Management fee $45,593,012  
Independent trustees' fees and expenses 27,721  
Total expenses  45,620,733 
Net investment income (loss)  29,131,431 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 88,947  
Affiliated issuers (8,906,226)  
Futures contracts 8,635,511  
Capital gain distributions from underlying funds:   
Affiliated issuers 146,218,274  
Total net realized gain (loss)  146,036,506 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,817  
Affiliated issuers 201,502,655  
Futures contracts 343,416  
Total change in net unrealized appreciation (depreciation)  201,847,888 
Net gain (loss)  347,884,394 
Net increase (decrease) in net assets resulting from operations  $377,015,825 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $29,131,431 $194,707,824 
Net realized gain (loss) 146,036,506 887,454,912 
Change in net unrealized appreciation (depreciation) 201,847,888 (831,779,207) 
Net increase (decrease) in net assets resulting from operations 377,015,825 250,383,529 
Distributions to shareholders (560,203,081) (922,311,809) 
Share transactions - net increase (decrease) 463,043,476 1,180,095,049 
Total increase (decrease) in net assets 279,856,220 508,166,769 
Net Assets   
Beginning of period 13,813,493,039 13,305,326,270 
End of period $14,093,349,259 $13,813,493,039 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.44 $12.09 $11.00 $9.89 $10.84 $11.09 
Income from Investment Operations       
Net investment income (loss)A .02 .16 .12 .15 .15 .17 
Net realized and unrealized gain (loss) .28 (.01)B 1.46 1.39 (.52) .64 
Total from investment operations .30 .15 1.58 1.54 (.37) .81 
Distributions from net investment income – (.17) (.13) (.15) (.16) (.18) 
Distributions from net realized gain (.47) (.63) (.35) (.28) (.43) (.89) 
Total distributions (.47) (.80) (.49)C (.43) (.58)D (1.06)E 
Net asset value, end of period $11.27 $11.44 $12.09 $11.00 $9.89 $10.84 
Total ReturnF,G 2.69% 1.72% 14.48% 16.08% (3.59)% 7.93% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .75%J .75% .63%K - %L - %L - %L 
Expenses net of fee waivers, if any .75%J .75% .63%K -% -% -% 
Expenses net of all reductions .75%J .75% .63%K -% -% -% 
Net investment income (loss) .33%J 1.37% 1.04% 1.45% 1.48% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,542,283 $4,345,914 $4,144,152 $3,496,184 $2,912,972 $2,993,926 
Portfolio turnover rateI 28%J 18% 17%M 15% 17% 21% 

 A Calculated based on average shares outstanding during the period.

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

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

 D Total distributions of $.58 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.427 per share.

 E Total distributions of $1.06 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.886 per share.

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

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

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

 I Amounts do not include the activities of Underlying Funds.

 J Annualized

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

 L Amount represents less than .005%.

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

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


Fidelity Freedom 2045 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.43 $12.08 $11.59 
Income from Investment Operations    
Net investment income (loss)B .02 .17 .17 
Net realized and unrealized gain (loss) .28 (.01)C .67 
Total from investment operations .30 .16 .84 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.47) (.63) (.19) 
Total distributions (.47) (.81) (.35)D 
Net asset value, end of period $11.26 $11.43 $12.08 
Total ReturnE,F 2.71% 1.83% 7.21% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .64%I .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .65%I,J 
Expenses net of all reductions .64%I .64% .65%I,J 
Net investment income (loss) .44%I 1.47% 2.05%I 
Supplemental Data    
Net assets, end of period (000 omitted) $7,786,177 $7,982,073 $8,748,416 
Portfolio turnover rateH 28%I 18% 17%K 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom 2045 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.41 $12.09 $11.34 
Income from Investment Operations    
Net investment income (loss)B .03 .18 .14 
Net realized and unrealized gain (loss) .28 (.01)C .96 
Total from investment operations .31 .17 1.10 
Distributions from net investment income – (.21) (.16) 
Distributions from net realized gain (.48) (.64) (.19) 
Total distributions (.48) (.85) (.35) 
Net asset value, end of period $11.24 $11.41 $12.09 
Total ReturnD,E 2.78% 1.95% 9.70% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .49%H .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .50%I .50%H,I 
Expenses net of all reductions .49%H .50%I .50%H,I 
Net investment income (loss) .59%H 1.62% 1.45%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,764,889 $1,485,505 $412,758 
Portfolio turnover rateG 28%H 18% 17%J 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom® 2050 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Opportunistic Insights Fund 4.1 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Freedom® 2050 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $8,401,849) 8,420,000 8,403,415 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Series All-Sector Equity Fund (b) 25,502,134 $258,336,612 
Fidelity Series Blue Chip Growth Fund (b) 34,131,312 454,970,386 
Fidelity Series Commodity Strategy Fund (b) 93,815,799 430,614,519 
Fidelity Series Growth Company Fund (b) 54,025,922 927,084,830 
Fidelity Series Intrinsic Opportunities Fund (b) 71,444,337 1,116,674,992 
Fidelity Series Large Cap Stock Fund (b) 68,580,091 993,725,524 
Fidelity Series Large Cap Value Index Fund (b) 21,258,692 277,638,511 
Fidelity Series Opportunistic Insights Fund (b) 28,077,379 505,954,365 
Fidelity Series Small Cap Discovery Fund (b) 12,144,005 137,713,012 
Fidelity Series Small Cap Opportunities Fund (b) 31,747,318 408,587,980 
Fidelity Series Stock Selector Large Cap Value Fund (b) 62,727,898 782,216,894 
Fidelity Series Value Discovery Fund (b) 42,013,359 546,593,797 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $5,851,593,675)  6,840,111,422 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 12,333,607 136,533,029 
Fidelity Series Emerging Markets Fund (b) 14,956,549 137,749,814 
Fidelity Series Emerging Markets Opportunities Fund (b) 66,341,914 1,232,632,755 
Fidelity Series International Growth Fund (b) 72,867,412 1,192,839,536 
Fidelity Series International Small Cap Fund (b) 15,632,883 252,314,739 
Fidelity Series International Value Fund (b) 122,077,706 1,159,738,207 
Fidelity Series Overseas Fund (b) 35,214,181 349,324,675 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,985,698,048)  4,461,132,755 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 7,965,331 74,874,112 
Fidelity Series Floating Rate High Income Fund (b) 1,637,202 15,209,611 
Fidelity Series High Income Fund (b) 9,750,809 92,632,684 
Fidelity Series Inflation-Protected Bond Index Fund (b) 19,771,610 199,297,830 
Fidelity Series International Credit Fund (b) 517,143 5,414,483 
Fidelity Series Investment Grade Bond Fund (b) 1,272,568 14,761,786 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 31,480,719 315,122,002 
Fidelity Series Real Estate Income Fund (b) 5,140,787 57,628,228 
TOTAL BOND FUNDS   
(Cost $728,698,047)  774,940,736 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 5,560,042 5,561,154 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 121,007,639 121,007,639 
Fidelity Series Short-Term Credit Fund (b) 3,007,198 30,312,554 
TOTAL SHORT-TERM FUNDS   
(Cost $156,547,226)  156,881,347 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $10,730,938,845)  12,241,469,675 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (6,521,821) 
NET ASSETS - 100%  $12,234,947,854 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 254 Dec. 2019 $37,826,950 $135,714 $135,714 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 185 Dec. 2019 9,267,575 (312,276) (312,276) 
TOTAL PURCHASED     (176,562) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 529 Dec. 2019 50,212,680 378,035 378,035 
TOTAL FUTURES CONTRACTS     $201,473 

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

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

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 $7,209,428.

 (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 $194,588 
Total $194,588 

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 $293,843,071 $12,789,345 $62,279,000 $-- $(11,004,152) $24,987,348 $258,336,612 
Fidelity Series Blue Chip Growth Fund 523,099,724 69,312,600 93,672,663 46,981,884 3,076,792 (46,846,067) 454,970,386 
Fidelity Series Canada Fund 112,771,368 19,534,987 4,536,103 -- 2,615 8,760,162 136,533,029 
Fidelity Series Commodity Strategy Fund 294,705,502 165,931,606 14,009,751 3,789,821 (3,035,801) (12,977,037) 430,614,519 
Fidelity Series Emerging Markets Debt Fund 73,982,269 6,304,678 3,933,733 2,212,918 (91,662) (1,387,440) 74,874,112 
Fidelity Series Emerging Markets Fund 115,587,225 33,373,029 4,177,143 -- (24,939) (7,008,358) 137,749,814 
Fidelity Series Emerging Markets Opportunities Fund 1,080,449,482 187,084,982 37,611,652 -- (1,699,621) 4,409,564 1,232,632,755 
Fidelity Series Floating Rate High Income Fund 14,706,825 1,313,456 839,903 436,653 (15,246) 44,479 15,209,611 
Fidelity Series Government Money Market Fund 2.07% 85,102,014 108,160,408 72,254,783 1,284,721 -- -- 121,007,639 
Fidelity Series Growth Company Fund 1,054,638,147 44,913,288 188,586,697 -- 4,474,530 11,645,562 927,084,830 
Fidelity Series High Income Fund 125,628,953 7,116,855 41,198,749 3,004,738 (1,155,395) 2,241,020 92,632,684 
Fidelity Series Inflation-Protected Bond Index Fund 34,435,748 166,226,760 2,087,364 100,588 3,293 719,393 199,297,830 
Fidelity Series International Credit Fund 5,048,144 98,881 -- 67,089 -- 267,458 5,414,483 
Fidelity Series International Growth Fund 1,105,776,441 53,676,313 51,944,806 -- (813,763) 86,145,351 1,192,839,536 
Fidelity Series International Small Cap Fund 255,452,528 12,629,179 25,802,278 -- (1,390,673) 11,425,983 252,314,739 
Fidelity Series International Value Fund 1,034,233,769 145,344,922 44,520,891 -- (1,605,543) 26,285,950 1,159,738,207 
Fidelity Series Intrinsic Opportunities Fund 1,195,816,331 105,281,786 125,593,016 47,438,448 (9,191,205) (49,638,904) 1,116,674,992 
Fidelity Series Investment Grade Bond Fund 71,212,556 33,386,182 93,796,967 1,325,302 3,744,456 215,559 14,761,786 
Fidelity Series Large Cap Stock Fund 1,059,859,617 97,237,657 154,755,684 48,124,871 (2,696,173) (5,919,893) 993,725,524 
Fidelity Series Large Cap Value Index Fund 298,797,673 14,213,860 50,852,953 -- 1,786,377 13,693,554 277,638,511 
Fidelity Series Long-Term Treasury Bond Index Fund 423,345,503 40,275,038 192,283,241 5,045,403 12,591,966 31,192,736 315,122,002 
Fidelity Series Opportunistic Insights Fund 546,327,032 24,856,455 82,426,511 -- 2,575,155 14,622,234 505,954,365 
Fidelity Series Overseas Fund -- 348,045,129 -- -- -- 1,279,546 349,324,675 
Fidelity Series Real Estate Income Fund 53,957,596 4,824,203 2,641,605 2,076,969 (10,172) 1,498,206 57,628,228 
Fidelity Series Short-Term Credit Fund 23,391,782 13,893,700 7,257,550 351,790 16,785 267,837 30,312,554 
Fidelity Series Small Cap Discovery Fund 137,433,557 11,545,493 14,001,191 3,087,647 (632,008) 3,367,161 137,713,012 
Fidelity Series Small Cap Opportunities Fund 432,416,223 46,682,718 52,481,720 25,997,389 (1,993,485) (16,035,756) 408,587,980 
Fidelity Series Stock Selector Large Cap Value Fund 810,324,088 37,677,967 111,063,700 -- (477,163) 45,755,702 782,216,894 
Fidelity Series Value Discovery Fund 567,694,681 27,441,700 71,939,710 -- (430,682) 23,827,808 546,593,797 
 $11,830,037,849 $1,839,173,177 $1,606,549,364 $191,326,231 $(7,995,714) $172,839,158 $12,227,505,106 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $8,403,415 $-- $8,403,415 $-- 
Domestic Equity Funds 6,840,111,422 6,840,111,422 -- -- 
International Equity Funds 4,461,132,755 4,461,132,755 -- -- 
Bond Funds 774,940,736 774,940,736 -- -- 
Short-Term Funds 156,881,347 156,881,347 -- -- 
Total Investments in Securities: $12,241,469,675 $12,233,066,260 $8,403,415 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $513,749 $513,749 $-- $-- 
Total Assets $513,749 $513,749 $-- $-- 
Liabilities     
Futures Contracts $(312,276) $(312,276) $-- $-- 
Total Liabilities $(312,276) $(312,276) $-- $-- 
Total Derivative Instruments: $201,473 $201,473 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $513,749 $(312,276) 
Total Equity Risk 513,749 (312,276) 
Total Value of Derivatives $513,749 $(312,276) 

 (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® 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $8,401,849) 
$8,403,415  
Fidelity Central Funds (cost $5,560,868) 5,561,154  
Other affiliated issuers (cost $10,716,976,128) 12,227,505,106  
Total Investment in Securities (cost $10,730,938,845)  $12,241,469,675 
Receivable for investments sold  107,495,801 
Receivable for fund shares sold  20,266,132 
Distributions receivable from Fidelity Central Funds  10,119 
Receivable for daily variation margin on futures contracts  197,313 
Other receivables  11,736 
Total assets  12,369,450,776 
Liabilities   
Payable for investments purchased $77,133,028  
Payable for fund shares redeemed 50,632,795  
Accrued management fee 6,737,099  
Total liabilities  134,502,922 
Net Assets  $12,234,947,854 
Net Assets consist of:   
Paid in capital  $10,633,502,536 
Total accumulated earnings (loss)  1,601,445,318 
Net Assets  $12,234,947,854 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($3,852,937,543 ÷ 339,373,637 shares)  $11.35 
Class K:   
Net Asset Value, offering price and redemption price per share ($6,968,241,978 ÷ 614,539,015 shares)  $11.34 
Class K6:   
Net Asset Value, offering price and redemption price per share ($1,413,768,333 ÷ 124,738,040 shares)  $11.33 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $64,468,875 
Interest  50,464 
Income from Fidelity Central Funds  194,588 
Total income  64,713,927 
Expenses   
Management fee $39,463,899  
Independent trustees' fees and expenses 23,896  
Total expenses  39,487,795 
Net investment income (loss)  25,226,132 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 33,177  
Affiliated issuers (7,995,714)  
Futures contracts 7,345,599  
Capital gain distributions from underlying funds:   
Affiliated issuers 126,857,356  
Total net realized gain (loss)  126,240,418 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,561  
Affiliated issuers 172,839,158  
Futures contracts 268,589  
Total change in net unrealized appreciation (depreciation)  173,109,308 
Net gain (loss)  299,349,726 
Net increase (decrease) in net assets resulting from operations  $324,575,858 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,226,132 $166,099,822 
Net realized gain (loss) 126,240,418 744,254,777 
Change in net unrealized appreciation (depreciation) 173,109,308 (693,755,744) 
Net increase (decrease) in net assets resulting from operations 324,575,858 216,598,855 
Distributions to shareholders (478,101,914) (772,525,632) 
Share transactions - net increase (decrease) 541,914,073 1,146,558,939 
Total increase (decrease) in net assets 388,388,017 590,632,162 
Net Assets   
Beginning of period 11,846,559,837 11,255,927,675 
End of period $12,234,947,854 $11,846,559,837 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.52 $12.16 $11.05 $9.93 $10.90 $11.15 
Income from Investment Operations       
Net investment income (loss)A .02 .16 .12 .15 .15 .17 
Net realized and unrealized gain (loss) .28 B 1.48 1.40 (.52) .65 
Total from investment operations .30 .16 1.60 1.55 (.37) .82 
Distributions from net investment income – (.17) (.14) (.15) (.16) (.18) 
Distributions from net realized gain (.47) (.63) (.35) (.28) (.44) (.89) 
Total distributions (.47) (.80) (.49) (.43) (.60) (1.07) 
Net asset value, end of period $11.35 $11.52 $12.16 $11.05 $9.93 $10.90 
Total ReturnC,D 2.66% 1.73% 14.59% 16.11% (3.65)% 7.91% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .63%H - %I - %I - %I 
Expenses net of fee waivers, if any .75%G .75% .63%H -% -% -% 
Expenses net of all reductions .75%G .75% .63%H -% -% -% 
Net investment income (loss) .33%G 1.37% 1.04% 1.45% 1.49% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,852,938 $3,679,538 $3,452,997 $2,884,830 $2,363,381 $2,375,308 
Portfolio turnover rateF 27%G 18% 16%J 15% 17% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

 I Amount represents less than .005%.

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

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


Fidelity Freedom 2050 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.50 $12.14 $11.65 
Income from Investment Operations    
Net investment income (loss)B .02 .17 .17 
Net realized and unrealized gain (loss) .29 C .67 
Total from investment operations .31 .17 .84 
Distributions from net investment income – (.18) (.15) 
Distributions from net realized gain (.47) (.63) (.19) 
Total distributions (.47) (.81) (.35)D 
Net asset value, end of period $11.34 $11.50 $12.14 
Total ReturnE,F 2.77% 1.82% 7.18% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .64%I .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .65%I,J 
Expenses net of all reductions .64%I .64% .65%I,J 
Net investment income (loss) .44%I 1.48% 2.04%I 
Supplemental Data    
Net assets, end of period (000 omitted) $6,968,242 $6,982,416 $7,475,339 
Portfolio turnover rateH 27%I 18% 16%K 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.35 per share is comprised of distributions from net investment income of $.154 and distributions from net realized gain of $.194 per share.

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom 2050 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.49 $12.15 $11.40 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .14 
Net realized and unrealized gain (loss) .29 (.01)C .96 
Total from investment operations .32 .18 1.10 
Distributions from net investment income – (.21) (.16) 
Distributions from net realized gain (.48) (.63) (.19) 
Total distributions (.48) (.84) (.35) 
Net asset value, end of period $11.33 $11.49 $12.15 
Total ReturnD,E 2.82% 1.96% 9.65% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .49%H .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .50%I .50%H,I 
Expenses net of all reductions .49%H .50%I .50%H,I 
Net investment income (loss) .59%H 1.62% 1.42%H 
Supplemental Data    
Net assets, end of period (000 omitted) $1,413,768 $1,184,606 $327,591 
Portfolio turnover rateG 27%H 18% 16%J 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 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, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Opportunistic Insights Fund 4.1 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Freedom® 2055 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $3,741,878) 3,750,000 3,742,571 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Series All-Sector Equity Fund (b) 11,725,035 $118,774,605 
Fidelity Series Blue Chip Growth Fund (b) 15,682,032 209,041,488 
Fidelity Series Commodity Strategy Fund (b) 43,089,708 197,781,758 
Fidelity Series Growth Company Fund (b) 24,823,525 425,971,681 
Fidelity Series Intrinsic Opportunities Fund (b) 32,825,326 513,059,846 
Fidelity Series Large Cap Stock Fund (b) 31,510,182 456,582,537 
Fidelity Series Large Cap Value Index Fund (b) 9,773,506 127,641,984 
Fidelity Series Opportunistic Insights Fund (b) 12,900,956 232,475,226 
Fidelity Series Small Cap Discovery Fund (b) 5,579,045 63,266,366 
Fidelity Series Small Cap Opportunities Fund (b) 14,591,668 187,794,762 
Fidelity Series Stock Selector Large Cap Value Fund (b) 28,788,323 358,990,389 
Fidelity Series Value Discovery Fund (b) 19,307,542 251,191,126 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,940,795,176)  3,142,571,768 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 5,665,645 62,718,692 
Fidelity Series Emerging Markets Fund (b) 6,870,039 63,273,061 
Fidelity Series Emerging Markets Opportunities Fund (b) 30,472,752 566,183,740 
Fidelity Series International Growth Fund (b) 33,372,691 546,310,958 
Fidelity Series International Small Cap Fund (b) 7,244,542 116,926,915 
Fidelity Series International Value Fund (b) 56,111,049 533,054,963 
Fidelity Series Overseas Fund (b) 16,229,626 160,997,895 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $1,932,421,043)  2,049,466,224 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 3,596,243 33,804,685 
Fidelity Series Floating Rate High Income Fund (b) 762,485 7,083,483 
Fidelity Series High Income Fund (b) 4,462,313 42,391,973 
Fidelity Series Inflation-Protected Bond Index Fund (b) 9,098,440 91,712,280 
Fidelity Series International Credit Fund(b) 174,744 1,829,575 
Fidelity Series Investment Grade Bond Fund (b) 597,178 6,927,264 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 14,460,521 144,749,818 
Fidelity Series Real Estate Income Fund (b) 2,402,966 26,937,250 
TOTAL BOND FUNDS   
(Cost $333,756,520)  355,436,328 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 2,553,751 2,554,262 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 55,584,761 55,584,761 
Fidelity Series Short-Term Credit Fund (b) 1,381,407 13,924,583 
TOTAL SHORT-TERM FUNDS   
(Cost $71,895,427)  72,063,606 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $5,282,610,044)  5,623,280,497 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,971,076) 
NET ASSETS - 100%  $5,620,309,421 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 113 Dec. 2019 $16,828,525 $60,379 $60,379 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 85 Dec. 2019 4,258,075 (143,518) (143,518) 
TOTAL PURCHASED     (83,139) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 244 Dec. 2019 23,160,480 173,848 173,848 
TOTAL FUTURES CONTRACTS     $90,709 

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

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

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 $3,307,005.

 (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 $81,021 
Total $81,021 

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 $126,040,895 $10,595,471 $24,104,854 $-- $(3,172,298) $9,415,391 $118,774,605 
Fidelity Series Blue Chip Growth Fund 228,647,841 39,945,649 39,356,020 21,505,866 319,182 (20,515,164) 209,041,488 
Fidelity Series Canada Fund 49,210,225 11,127,460 1,542,342 -- 13,868 3,909,481 62,718,692 
Fidelity Series Commodity Strategy Fund 128,618,659 81,135,473 4,738,694 1,734,456 (196,909) (7,036,771) 197,781,758 
Fidelity Series Emerging Markets Debt Fund 31,485,741 4,375,675 1,391,676 973,465 3,847 (668,902) 33,804,685 
Fidelity Series Emerging Markets Fund 50,365,991 17,354,795 1,302,346 -- (6,395) (3,138,984) 63,273,061 
Fidelity Series Emerging Markets Opportunities Fund 470,525,029 106,166,840 11,722,603 -- (24,596) 1,239,070 566,183,740 
Fidelity Series Floating Rate High Income Fund 6,441,396 927,055 296,949 198,010 (21) 12,002 7,083,483 
Fidelity Series Government Money Market Fund 2.07% 37,109,170 50,981,527 32,505,936 578,106 -- -- 55,584,761 
Fidelity Series Growth Company Fund 460,565,852 37,051,337 78,646,316 -- (370,401) 7,371,209 425,971,681 
Fidelity Series High Income Fund 54,731,749 4,790,503 17,611,990 1,345,211 (655,490) 1,137,201 42,391,973 
Fidelity Series Inflation-Protected Bond Index Fund 15,013,794 77,280,648 885,487 45,494 2,560 300,765 91,712,280 
Fidelity Series International Credit Fund 1,705,788 22,669 -- 22,670 -- 101,118 1,829,575 
Fidelity Series International Growth Fund 482,103,791 44,652,134 18,425,420 -- 622,797 37,357,656 546,310,958 
Fidelity Series International Small Cap Fund 111,391,005 10,620,466 9,546,307 -- (507,877) 4,969,628 116,926,915 
Fidelity Series International Value Fund 451,195,414 87,326,321 16,583,663 -- 128,370 10,988,521 533,054,963 
Fidelity Series Intrinsic Opportunities Fund 526,194,265 69,057,207 55,457,838 21,711,557 (4,280,007) (22,453,781) 513,059,846 
Fidelity Series Investment Grade Bond Fund 30,273,003 17,227,019 42,373,598 597,319 1,692,003 108,837 6,927,264 
Fidelity Series Large Cap Stock Fund 463,557,362 61,985,672 64,810,112 21,703,480 (818,513) (3,331,872) 456,582,537 
Fidelity Series Large Cap Value Index Fund 130,877,508 11,738,443 21,924,791 -- 500,256 6,450,568 127,641,984 
Fidelity Series Long-Term Treasury Bond Index Fund 184,594,050 25,733,814 85,477,699 2,268,221 5,381,671 14,517,982 144,749,818 
Fidelity Series Opportunistic Insights Fund 238,979,253 20,576,058 34,437,468 -- 305,893 7,051,490 232,475,226 
Fidelity Series Overseas Fund -- 160,396,140 -- -- -- 601,755 160,997,895 
Fidelity Series Real Estate Income Fund 23,953,808 3,241,943 933,893 957,656 5,686 669,706 26,937,250 
Fidelity Series Short-Term Credit Fund 10,173,937 6,685,148 3,062,399 158,181 6,755 121,142 13,924,583 
Fidelity Series Small Cap Discovery Fund 60,105,304 7,574,137 5,655,872 1,383,746 (183,196) 1,425,993 63,266,366 
Fidelity Series Small Cap Opportunities Fund 188,990,474 28,997,033 21,804,393 11,900,097 (607,195) (7,781,157) 187,794,762 
Fidelity Series Stock Selector Large Cap Value Fund 353,379,470 31,087,636 45,720,358 -- (295,287) 20,538,928 358,990,389 
Fidelity Series Value Discovery Fund 247,639,583 22,579,045 29,522,552 -- (23,173) 10,518,223 251,191,126 
 $5,163,870,357 $1,051,233,318 $669,841,576 $87,083,535 $(2,158,470) $73,880,035 $5,616,983,664 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $3,742,571 $-- $3,742,571 $-- 
Domestic Equity Funds 3,142,571,768 3,142,571,768 -- -- 
International Equity Funds 2,049,466,224 2,049,466,224 -- -- 
Bond Funds 355,436,328 355,436,328 -- -- 
Short-Term Funds 72,063,606 72,063,606 -- -- 
Total Investments in Securities: $5,623,280,497 $5,619,537,926 $3,742,571 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $234,227 $234,227 $-- $-- 
Total Assets $234,227 $234,227 $-- $-- 
Liabilities     
Futures Contracts $(143,518) $(143,518) $-- $-- 
Total Liabilities $(143,518) $(143,518) $-- $-- 
Total Derivative Instruments: $90,709 $90,709 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $234,227 $(143,518) 
Total Equity Risk 234,227 (143,518) 
Total Value of Derivatives $234,227 $(143,518) 

 (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® 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $3,741,878) 
$3,742,571  
Fidelity Central Funds (cost $2,554,113) 2,554,262  
Other affiliated issuers (cost $5,276,314,053) 5,616,983,664  
Total Investment in Securities (cost $5,282,610,044)  $5,623,280,497 
Receivable for investments sold  54,386,918 
Receivable for fund shares sold  13,445,405 
Distributions receivable from Fidelity Central Funds  4,781 
Receivable for daily variation margin on futures contracts  91,836 
Other receivables  4,814 
Total assets  5,691,214,251 
Liabilities   
Payable for investments purchased $34,124,324  
Payable for fund shares redeemed 33,708,113  
Accrued management fee 3,072,393  
Total liabilities  70,904,830 
Net Assets  $5,620,309,421 
Net Assets consist of:   
Paid in capital  $5,246,403,938 
Total accumulated earnings (loss)  373,905,483 
Net Assets  $5,620,309,421 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($1,645,938,929 ÷ 127,277,685 shares)  $12.93 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,306,918,838 ÷ 255,870,550 shares)  $12.92 
Class K6:   
Net Asset Value, offering price and redemption price per share ($667,451,654 ÷ 51,680,205 shares)  $12.92 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $29,149,967 
Interest  22,460 
Income from Fidelity Central Funds  81,021 
Total income  29,253,448 
Expenses   
Management fee $17,651,838  
Independent trustees' fees and expenses 10,611  
Total expenses before reductions 17,662,449  
Expense reductions (14)  
Total expenses after reductions  17,662,435 
Net investment income (loss)  11,591,013 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 23,047  
Affiliated issuers (2,158,470)  
Futures contracts 2,799,311  
Capital gain distributions from underlying funds:   
Affiliated issuers 57,933,568  
Total net realized gain (loss)  58,597,456 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 691  
Affiliated issuers 73,880,035  
Futures contracts 255,585  
Total change in net unrealized appreciation (depreciation)  74,136,311 
Net gain (loss)  132,733,767 
Net increase (decrease) in net assets resulting from operations  $144,324,780 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $11,591,013 $70,258,957 
Net realized gain (loss) 58,597,456 281,144,900 
Change in net unrealized appreciation (depreciation) 74,136,311 (256,701,285) 
Net increase (decrease) in net assets resulting from operations 144,324,780 94,702,572 
Distributions to shareholders (203,260,039) (280,535,469) 
Share transactions - net increase (decrease) 508,700,077 962,985,488 
Total increase (decrease) in net assets 449,764,818 777,152,591 
Net Assets   
Beginning of period 5,170,544,603 4,393,392,012 
End of period $5,620,309,421 $5,170,544,603 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.10 $13.70 $12.41 $11.08 $12.06 $11.73 
Income from Investment Operations       
Net investment income (loss)A .02 .19 .14 .17 .17 .19 
Net realized and unrealized gain (loss) .32 B 1.64 1.57 (.59) .72 
Total from investment operations .34 .19 1.78 1.74 (.42) .91 
Distributions from net investment income – (.19) (.15) (.16) (.17) (.18) 
Distributions from net realized gain (.51) (.60) (.34) (.25) (.39) (.39) 
Total distributions (.51) (.79) (.49) (.41) (.56) (.58)C 
Net asset value, end of period $12.93 $13.10 $13.70 $12.41 $11.08 $12.06 
Total ReturnD,E 2.66% 1.73% 14.49% 16.17% (3.69)% 7.98% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .64%I - %J - %J - %J 
Expenses net of fee waivers, if any .75%H .75% .64%I -% -% -% 
Expenses net of all reductions .75%H .75% .64%I -% -% -% 
Net investment income (loss) .34%H 1.40% 1.06% 1.46% 1.51% 1.64% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,645,939 $1,490,393 $1,265,311 $922,284 $649,621 $527,231 
Portfolio turnover rateG 25%H 18% 15%K 18% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.58 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.394 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 J Amount represents less than .005%.

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

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


Fidelity Freedom 2055 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.09 $13.69 $13.11 
Income from Investment Operations    
Net investment income (loss)B .03 .20 .19 
Net realized and unrealized gain (loss) .31 C .76 
Total from investment operations .34 .20 .95 
Distributions from net investment income – (.20) (.17) 
Distributions from net realized gain (.51) (.60) (.20) 
Total distributions (.51) (.80) (.37) 
Net asset value, end of period $12.92 $13.09 $13.69 
Total ReturnD,E 2.68% 1.84% 7.26% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .64%H .64% .65%H,I 
Expenses net of fee waivers, if any .64%H .64% .65%H,I 
Expenses net of all reductions .64%H .64% .65%H,I 
Net investment income (loss) .44%H 1.50% 2.01%H 
Supplemental Data    
Net assets, end of period (000 omitted) $3,306,919 $3,138,528 $2,992,599 
Portfolio turnover rateG 25%H 18% 15%J 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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

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


Fidelity Freedom 2055 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.08 $13.70 $12.83 
Income from Investment Operations    
Net investment income (loss)B .04 .21 .16 
Net realized and unrealized gain (loss) .32 C 1.09 
Total from investment operations .36 .21 1.25 
Distributions from net investment income – (.23) (.17) 
Distributions from net realized gain (.52) (.60) (.20) 
Total distributions (.52) (.83) (.38)D 
Net asset value, end of period $12.92 $13.08 $13.70 
Total ReturnE,F 2.83% 1.97% 9.70% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .49%I .50%J .50%I,J 
Expenses net of fee waivers, if any .49%I .50%J .50%I,J 
Expenses net of all reductions .49%I .50%J .50%I,J 
Net investment income (loss) .59%I 1.65% 1.43%I 
Supplemental Data    
Net assets, end of period (000 omitted) $667,452 $541,624 $135,481 
Portfolio turnover rateH 25%I 18% 15%K 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.5 
Fidelity Series Opportunistic Insights Fund 4.1 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Freedom® 2060 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $1,027,740) 1,030,000 1,027,932 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Series All-Sector Equity Fund (b) 3,306,100 $33,490,790 
Fidelity Series Blue Chip Growth Fund (b) 4,414,984 58,851,734 
Fidelity Series Commodity Strategy Fund (b) 12,127,014 55,662,993 
Fidelity Series Growth Company Fund (b) 6,990,614 119,958,942 
Fidelity Series Intrinsic Opportunities Fund (b) 9,243,169 144,470,728 
Fidelity Series Large Cap Stock Fund (b) 8,873,186 128,572,463 
Fidelity Series Large Cap Value Index Fund(b) 2,755,408 35,985,635 
Fidelity Series Opportunistic Insights Fund (b) 3,632,355 65,455,043 
Fidelity Series Small Cap Discovery Fund (b) 1,531,765 17,370,219 
Fidelity Series Small Cap Opportunities Fund (b) 4,111,592 52,916,190 
Fidelity Series Stock Selector Large Cap Value Fund (b) 8,102,954 101,043,833 
Fidelity Series Value Discovery Fund (b) 5,438,792 70,758,685 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $879,898,378)  884,537,255 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 1,594,864 17,655,146 
Fidelity Series Emerging Markets Fund (b) 1,933,488 17,807,429 
Fidelity Series Emerging Markets Opportunities Fund (b) 8,576,294 159,347,540 
Fidelity Series International Growth Fund (b) 9,330,212 152,735,576 
Fidelity Series International Small Cap Fund (b) 2,066,401 33,351,719 
Fidelity Series International Value Fund (b) 15,820,461 150,294,382 
Fidelity Series Overseas Fund (b) 4,595,389 45,586,256 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $561,466,462)  576,778,048 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 1,017,704 9,566,421 
Fidelity Series Floating Rate High Income Fund (b) 222,503 2,067,057 
Fidelity Series High Income Fund (b) 1,264,415 12,011,945 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,558,863 25,793,338 
Fidelity Series International Credit Fund (b) 25,632 268,364 
Fidelity Series Investment Grade Bond Fund (b) 167,297 1,940,642 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 4,069,866 40,739,355 
Fidelity Series Real Estate Income Fund (b) 687,780 7,710,019 
TOTAL BOND FUNDS   
(Cost $93,752,430)  100,097,141 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 722,783 722,927 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 15,634,036 15,634,036 
Fidelity Series Short-Term Credit Fund (b) 388,550 3,916,580 
TOTAL SHORT-TERM FUNDS   
(Cost $20,221,208)  20,273,543 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,556,366,218)  1,582,713,919 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (829,561) 
NET ASSETS - 100%  $1,581,884,358 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 32 Dec. 2019 $4,765,600 $17,111 $17,111 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 24 Dec. 2019 1,202,280 (40,510) (40,510) 
TOTAL PURCHASED     (23,399) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 68 Dec. 2019 6,454,560 48,163 48,163 
TOTAL FUTURES CONTRACTS     $24,764 

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

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

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 $930,015.

 (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 $20,430 
Total $20,430 

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 $29,947,285 $6,385,351 $4,484,986 $-- $(432,971) $2,076,111 $33,490,790 
Fidelity Series Blue Chip Growth Fund 57,192,555 17,113,273 9,633,080 5,996,651 (42,463) (5,778,551) 58,851,734 
Fidelity Series Canada Fund 12,292,894 4,674,614 347,972 -- 4,441 1,031,169 17,655,146 
Fidelity Series Commodity Strategy Fund 32,110,355 26,552,359 1,074,628 483,493 (8,252) (1,916,841) 55,662,993 
Fidelity Series Emerging Markets Debt Fund 7,740,612 2,283,723 271,331 257,763 (8,955) (177,628) 9,566,421 
Fidelity Series Emerging Markets Fund 12,552,754 6,360,215 279,227 -- (3,720) (822,593) 17,807,429 
Fidelity Series Emerging Markets Opportunities Fund 117,006,846 44,524,121 2,514,678 -- 91,603 239,648 159,347,540 
Fidelity Series Floating Rate High Income Fund 1,634,093 488,231 57,774 54,098 (233) 2,740 2,067,057 
Fidelity Series Government Money Market Fund 2.07% 9,263,487 15,056,465 8,685,916 153,830 -- -- 15,634,036 
Fidelity Series Growth Company Fund 115,099,886 22,137,089 18,943,527 -- (371,748) 2,037,242 119,958,942 
Fidelity Series High Income Fund 13,628,652 2,450,637 4,193,594 360,442 (83,386) 209,636 12,011,945 
Fidelity Series Inflation-Protected Bond Index Fund 3,747,611 22,190,793 220,987 12,288 192 75,729 25,793,338 
Fidelity Series International Credit Fund 250,207 3,325 -- 3,325 -- 14,832 268,364 
Fidelity Series International Growth Fund 119,833,004 26,612,327 3,579,345 -- 75,948 9,793,642 152,735,576 
Fidelity Series International Small Cap Fund 27,790,262 6,333,939 1,936,199 -- (142,055) 1,305,772 33,351,719 
Fidelity Series International Value Fund 112,865,444 38,045,327 3,579,345 -- (70,870) 3,033,826 150,294,382 
Fidelity Series Intrinsic Opportunities Fund 130,197,996 34,001,151 12,443,490 6,054,193 (1,450,012) (5,834,917) 144,470,728 
Fidelity Series Investment Grade Bond Fund 7,682,189 5,448,477 11,671,103 158,534 452,786 28,293 1,940,642 
Fidelity Series Large Cap Stock Fund 116,163,701 29,690,921 16,051,140 5,834,029 (419,845) (811,174) 128,572,463 
Fidelity Series Large Cap Value Index Fund 32,720,731 6,874,331 5,458,991 -- 27,634 1,821,930 35,985,635 
Fidelity Series Long-Term Treasury Bond Index Fund 46,093,036 11,415,466 22,113,049 600,111 1,381,311 3,962,591 40,739,355 
Fidelity Series Opportunistic Insights Fund 59,941,148 12,165,864 8,397,602 -- (124,815) 1,870,448 65,455,043 
Fidelity Series Overseas Fund -- 45,405,672 -- -- -- 180,584 45,586,256 
Fidelity Series Real Estate Income Fund 6,087,554 1,625,105 182,059 264,838 1,115 178,304 7,710,019 
Fidelity Series Short-Term Credit Fund 2,549,041 2,106,035 772,492 42,253 1,286 32,710 3,916,580 
Fidelity Series Small Cap Discovery Fund 15,230,898 3,664,060 1,867,120 367,719 (103,140) 445,521 17,370,219 
Fidelity Series Small Cap Opportunities Fund 47,492,096 13,266,355 5,417,307 3,317,999 (249,050) (2,175,904) 52,916,190 
Fidelity Series Stock Selector Large Cap Value Fund 88,184,549 18,369,192 10,872,572 -- (240,642) 5,603,306 101,043,833 
Fidelity Series Value Discovery Fund 61,913,982 13,213,505 7,166,375 -- (143,727) 2,941,300 70,758,685 
 $1,287,212,868 $438,457,923 $162,215,889 $23,961,566 $(1,859,568) $19,367,726 $1,580,963,060 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $1,027,932 $-- $1,027,932 $-- 
Domestic Equity Funds 884,537,255 884,537,255 -- -- 
International Equity Funds 576,778,048 576,778,048 -- -- 
Bond Funds 100,097,141 100,097,141 -- -- 
Short-Term Funds 20,273,543 20,273,543 -- -- 
Total Investments in Securities: $1,582,713,919 $1,581,685,987 $1,027,932 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $65,274 $65,274 $-- $-- 
Total Assets $65,274 $65,274 $-- $-- 
Liabilities     
Futures Contracts $(40,510) $(40,510) $-- $-- 
Total Liabilities $(40,510) $(40,510) $-- $-- 
Total Derivative Instruments: $24,764 $24,764 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $65,274 $(40,510) 
Total Equity Risk 65,274 (40,510) 
Total Value of Derivatives $65,274 $(40,510) 

 (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® 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,027,740) 
$1,027,932  
Fidelity Central Funds (cost $722,888) 722,927  
Other affiliated issuers (cost $1,554,615,590) 1,580,963,060  
Total Investment in Securities (cost $1,556,366,218)  $1,582,713,919 
Receivable for investments sold  15,405,428 
Receivable for fund shares sold  5,715,875 
Distributions receivable from Fidelity Central Funds  1,306 
Receivable for daily variation margin on futures contracts  25,320 
Other receivables  1,001 
Total assets  1,603,862,849 
Liabilities   
Payable for investments purchased $9,557,716  
Payable for fund shares redeemed 11,563,655  
Accrued management fee 857,120  
Total liabilities  21,978,491 
Net Assets  $1,581,884,358 
Net Assets consist of:   
Paid in capital  $1,545,320,053 
Total accumulated earnings (loss)  36,564,305 
Net Assets  $1,581,884,358 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($447,435,756 ÷ 38,375,203 shares)  $11.66 
Class K:   
Net Asset Value, offering price and redemption price per share ($951,845,193 ÷ 81,701,012 shares)  $11.65 
Class K6:   
Net Asset Value, offering price and redemption price per share ($182,603,409 ÷ 15,668,565 shares)  $11.65 

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $7,896,571 
Interest  5,919 
Income from Fidelity Central Funds  20,430 
Total income  7,922,920 
Expenses   
Management fee $4,689,839  
Independent trustees' fees and expenses 2,744  
Total expenses before reductions 4,692,583  
Expense reductions (24)  
Total expenses after reductions  4,692,559 
Net investment income (loss)  3,230,361 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,885  
Affiliated issuers (1,859,568)  
Futures contracts 697,281  
Capital gain distributions from underlying funds:   
Affiliated issuers 16,064,995  
Total net realized gain (loss)  14,907,593 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 191  
Affiliated issuers 19,367,726  
Futures contracts 59,886  
Total change in net unrealized appreciation (depreciation)  19,427,803 
Net gain (loss)  34,335,396 
Net increase (decrease) in net assets resulting from operations  $37,565,757 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,230,361 $15,717,482 
Net realized gain (loss) 14,907,593 59,347,062 
Change in net unrealized appreciation (depreciation) 19,427,803 (50,294,411) 
Net increase (decrease) in net assets resulting from operations 37,565,757 24,770,133 
Distributions to shareholders (46,195,619) (52,942,972) 
Share transactions - net increase (decrease) 301,619,311 499,126,039 
Total increase (decrease) in net assets 292,989,449 470,953,200 
Net Assets   
Beginning of period 1,288,894,909 817,941,709 
End of period $1,581,884,358 $1,288,894,909 

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,     
 2019 2019 2018 2017 2016 2015A 
Selected Per–Share Data       
Net asset value, beginning of period $11.76 $12.20 $11.01 $9.78 $10.45 $10.00 
Income from Investment Operations       
Net investment income (loss)B .02 .17 .13 .16 .16 .10 
Net realized and unrealized gain (loss) .29 .01 1.46 1.37 (.53) .52 
Total from investment operations .31 .18 1.59 1.53 (.37) .62 
Distributions from net investment income – (.16) (.13) (.13) (.12) (.10) 
Distributions from net realized gain (.41) (.45) (.26) (.17) (.17) (.07) 
Total distributions (.41) (.62)C (.40)D (.30) (.30)E (.17) 
Net asset value, end of period $11.66 $11.76 $12.20 $11.01 $9.78 $10.45 
Total ReturnF,G 2.66% 1.78% 14.50% 16.01% (3.67)% 6.22% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .75%J .75% .66%K - %L - %L - %J,L 
Expenses net of fee waivers, if any .75%J .75% .66%K -% -% - %J 
Expenses net of all reductions .75%J .75% .66%K -% -% - %J 
Net investment income (loss) .36%J 1.46% 1.09% 1.54% 1.67% 1.54%J 
Supplemental Data       
Net assets, end of period (000 omitted) $447,436 $367,472 $241,896 $116,155 $47,019 $8,968 
Portfolio turnover rateI 23%J 16% 11%M 21% 31% 28%J 

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

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.62 per share is comprised of distributions from net investment income of $.161 and distributions from net realized gain of $.454 per share.

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

 E Total distributions of $.30 per share is comprised of distributions from net investment income of $.121 and distributions from net realized gain of $.174 per share.

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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

 L Amount represents less than .005%.

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

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


Fidelity Freedom 2060 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.74 $12.19 $11.65 
Income from Investment Operations    
Net investment income (loss)B .03 .19 .16 
Net realized and unrealized gain (loss) .29 (.01)C .68 
Total from investment operations .32 .18 .84 
Distributions from net investment income – (.17) (.15) 
Distributions from net realized gain (.41) (.45) (.15) 
Total distributions (.41) (.63)D (.30) 
Net asset value, end of period $11.65 $11.74 $12.19 
Total ReturnE,F 2.77% 1.80% 7.19% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .64%I .64% .65%I,J 
Expenses net of fee waivers, if any .64%I .64% .65%I,J 
Expenses net of all reductions .64%I .64% .65%I,J 
Net investment income (loss) .46%I 1.57% 1.92%I 
Supplemental Data    
Net assets, end of period (000 omitted) $951,845 $784,848 $549,158 
Portfolio turnover rateH 23%I 16% 11%K 

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

 B Calculated based on average shares outstanding during the period.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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

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


Fidelity Freedom 2060 Fund Class K6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.75 $12.20 $11.40 
Income from Investment Operations    
Net investment income (loss)B .04 .20 .14 
Net realized and unrealized gain (loss) .27 C .96 
Total from investment operations .31 .20 1.10 
Distributions from net investment income – (.20) (.15) 
Distributions from net realized gain (.41) (.45) (.15) 
Total distributions (.41) (.65) (.30) 
Net asset value, end of period $11.65 $11.75 $12.20 
Total ReturnD,E 2.74% 2.05% 9.65% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .49%H .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .50%I .50%H,I 
Expenses net of all reductions .49%H .50%I .50%H,I 
Net investment income (loss) .61%H 1.71% 1.44%H 
Supplemental Data    
Net assets, end of period (000 omitted) $182,603 $136,574 $26,888 
Portfolio turnover rateG 23%H 16% 11%J 

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

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 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® 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, 2019

 % of fund's net assets 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Value Fund 9.4 
Fidelity Series International Growth Fund 9.4 
Fidelity Series Intrinsic Opportunities Fund 9.1 
Fidelity Series Large Cap Stock Fund 8.1 
Fidelity Series Growth Company Fund 7.6 
Fidelity Series Stock Selector Large Cap Value Fund 6.4 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Opportunistic Insights Fund 4.2 
Fidelity Series Blue Chip Growth Fund 3.7 
 72.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.3% 
   Bond Funds 6.4% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series All-Sector Equity Fund (a) 6,021 $60,998 
Fidelity Series Blue Chip Growth Fund (a) 7,710 102,781 
Fidelity Series Commodity Strategy Fund (a) 21,102 96,856 
Fidelity Series Growth Company Fund (a) 12,180 209,017 
Fidelity Series Intrinsic Opportunities Fund (a) 16,128 252,087 
Fidelity Series Large Cap Stock Fund (a) 15,464 224,077 
Fidelity Series Large Cap Value Index Fund (a) 4,775 62,364 
Fidelity Series Opportunistic Insights Fund (a) 6,355 114,512 
Fidelity Series Small Cap Discovery Fund (a) 2,701 30,629 
Fidelity Series Small Cap Opportunities Fund (a) 7,133 91,805 
Fidelity Series Stock Selector Large Cap Value Fund (a) 14,112 175,972 
Fidelity Series Value Discovery Fund (a) 9,751 126,860 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,571,209)  1,547,958 
International Equity Funds - 36.3%   
Fidelity Series Canada Fund (a) 2,822 31,244 
Fidelity Series Emerging Markets Fund (a) 3,367 31,013 
Fidelity Series Emerging Markets Opportunities Fund (a) 14,956 277,881 
Fidelity Series International Growth Fund (a) 15,769 258,132 
Fidelity Series International Small Cap Fund (a) 3,818 61,617 
Fidelity Series International Value Fund (a) 27,308 259,425 
Fidelity Series Overseas Fund (a) 8,365 82,984 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $997,834)  1,002,296 
Bond Funds - 6.4%   
Fidelity Series Emerging Markets Debt Fund (a) 1,940 18,239 
Fidelity Series Floating Rate High Income Fund (a) 426 3,959 
Fidelity Series High Income Fund (a) 2,208 20,980 
Fidelity Series Inflation-Protected Bond Index Fund (a) 4,521 45,574 
Fidelity Series International Credit Fund (a) 100 1,052 
Fidelity Series Investment Grade Bond Fund (a) 271 3,146 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 7,063 70,698 
Fidelity Series Real Estate Income Fund (a) 1,183 13,260 
TOTAL BOND FUNDS   
(Cost $173,968)  176,908 
Short-Term Funds - 1.2%   
Fidelity Cash Central Fund 1.96% (b) 197 197 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 26,432 26,432 
Fidelity Series Short-Term Credit Fund (a) 658 6,631 
TOTAL SHORT-TERM FUNDS   
(Cost $33,243)  33,260 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,776,254)  2,760,422 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1,284) 
NET ASSETS - 100%  $2,759,138 

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 $198 
Total $198 

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 $-- $62,638 $2,318 $-- $(35) $713 $60,998 
Fidelity Series Blue Chip Growth Fund -- 117,627 3,661 8,553 (153) (11,032) 102,781 
Fidelity Series Canada Fund -- 31,161 459 -- (12) 554 31,244 
Fidelity Series Commodity Strategy Fund -- 99,296 834 683 (41) (1,565) 96,856 
Fidelity Series Emerging Markets Debt Fund -- 18,770 166 170 (2) (363) 18,239 
Fidelity Series Emerging Markets Fund -- 31,673 256 -- (16) (388) 31,013 
Fidelity Series Emerging Markets Opportunities Fund -- 281,648 2,411 -- (160) (1,196) 277,881 
Fidelity Series Floating Rate High Income Fund -- 3,996 36 36 -- (1) 3,959 
Fidelity Series Government Money Market Fund 2.07% -- 35,749 9,317 99 -- -- 26,432 
Fidelity Series Growth Company Fund -- 219,488 8,494 -- (243) (1,734) 209,017 
Fidelity Series High Income Fund -- 21,122 178 230 (2) 38 20,980 
Fidelity Series Inflation-Protected Bond Index Fund -- 45,699 83 11 -- (42) 45,574 
Fidelity Series International Credit Fund -- 1,048 12 -- 16 1,052 
Fidelity Series International Growth Fund -- 260,278 4,819 -- (115) 2,788 258,132 
Fidelity Series International Small Cap Fund -- 62,923 1,806 -- (24) 524 61,617 
Fidelity Series International Value Fund -- 262,557 4,438 -- (169) 1,475 259,425 
Fidelity Series Intrinsic Opportunities Fund -- 270,683 10,799 8,523 (440) (7,357) 252,087 
Fidelity Series Investment Grade Bond Fund -- 20,198 17,324 84 217 55 3,146 
Fidelity Series Large Cap Stock Fund -- 237,295 10,732 5,213 (263) (2,223) 224,077 
Fidelity Series Large Cap Value Index Fund -- 65,707 4,500 -- (35) 1,192 62,364 
Fidelity Series Long-Term Treasury Bond Index Fund -- 80,736 12,968 311 (252) 3,182 70,698 
Fidelity Series Opportunistic Insights Fund -- 122,149 5,224 -- (155) (2,258) 114,512 
Fidelity Series Overseas Fund -- 82,726 429 -- (20) 707 82,984 
Fidelity Series Real Estate Income Fund -- 13,317 113 238 -- 56 13,260 
Fidelity Series Short-Term Credit Fund -- 7,769 1,152 30 (2) 16 6,631 
Fidelity Series Small Cap Discovery Fund -- 31,098 1,289 -- (5) 825 30,629 
Fidelity Series Small Cap Opportunities Fund -- 99,818 2,908 4,664 (40) (5,065) 91,805 
Fidelity Series Stock Selector Large Cap Value Fund -- 178,734 6,070 -- (57) 3,365 175,972 
Fidelity Series Value Discovery Fund -- 129,054 4,019 -- (61) 1,886 126,860 
 $-- $2,894,957 $116,815 $28,846 $(2,085) $(15,832) $2,760,225 

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

Investment Valuation

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

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


Fidelity Freedom® 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $197) $197  
Other affiliated issuers (cost $2,776,057) 2,760,225  
Total Investment in Securities (cost $2,776,254)  $2,760,422 
Cash  
Receivable for investments sold  9,957 
Receivable for fund shares sold  49,197 
Total assets  2,819,577 
Liabilities   
Payable for investments purchased $59,154  
Accrued management fee 1,285  
Total liabilities  60,439 
Net Assets  $2,759,138 
Net Assets consist of:   
Paid in capital  $2,751,051 
Total accumulated earnings (loss)  8,087 
Net Assets  $2,759,138 
Net Asset Value and Maximum Offering Price   
Fidelity Freedom 2065 Fund:   
Net Asset Value, offering price and redemption price per share ($2,095,293 ÷ 210,515 shares)  $9.95 
Class K:   
Net Asset Value, offering price and redemption price per share ($331,859 ÷ 33,333 shares)  $9.96 
Class K6:   
Net Asset Value, offering price and redemption price per share ($331,986 ÷ 33,333 shares)  $9.96 

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


Statement of Operations

  For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $7,557 
Income from Fidelity Central Funds  198 
Total income  7,755 
Expenses   
Management fee $3,039  
Independent trustees' fees and expenses  
Total expenses  3,040 
Net investment income (loss)  4,715 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (2,085)  
Capital gain distributions from underlying funds:   
Affiliated issuers 21,289  
Total net realized gain (loss)  19,204 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (15,832)  
Total change in net unrealized appreciation (depreciation)  (15,832) 
Net gain (loss)  3,372 
Net increase (decrease) in net assets resulting from operations  $8,087 

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


Statement of Changes in Net Assets

 For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $4,715 
Net realized gain (loss) 19,204 
Change in net unrealized appreciation (depreciation) (15,832) 
Net increase (decrease) in net assets resulting from operations 8,087 
Share transactions - net increase (decrease) 2,751,051 
Total increase (decrease) in net assets 2,759,138 
Net Assets  
Beginning of period – 
End of period $2,759,138 

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


Financial Highlights

Fidelity Freedom 2065 Fund

 Six months ended (Unaudited) September 30, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.07)C 
Total from investment operations (.05) 
Net asset value, end of period $9.95 
Total ReturnD (.50)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .75%G 
Expenses net of fee waivers, if any .75%G 
Expenses net of all reductions .75%G 
Net investment income (loss) .99%G 
Supplemental Data  
Net assets, end of period (000 omitted) $2,095 
Portfolio turnover rateF 6%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount not annualized.

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


Fidelity Freedom 2065 Fund Class K

 Six months ended (Unaudited) September 30, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) (.07)C 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnD (.40)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .64%G 
Expenses net of fee waivers, if any .64%G 
Expenses net of all reductions .64%G 
Net investment income (loss) 1.09%G 
Supplemental Data  
Net assets, end of period (000 omitted) $332 
Portfolio turnover rateF 6%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount not annualized.

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


Fidelity Freedom 2065 Fund Class K6

 Six months ended (Unaudited) September 30, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .03 
Net realized and unrealized gain (loss) (.07)C 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnD (.40)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .49%G 
Expenses net of fee waivers, if any .49%G 
Expenses net of all reductions .49%G 
Net investment income (loss) 1.24%G 
Supplemental Data  
Net assets, end of period (000 omitted) $332 
Portfolio turnover rateF 6%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount not annualized.

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


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2019

1. Organization.

Fidelity Freedom Income Fund, Fidelity Freedom 2005 Fund, Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund, 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. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

2. Investments in Fidelity Central Funds.

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

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date 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 – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by the each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

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

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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

The aggregate value of investments by input level as of September 30, 2019 is included at the end of each applicable Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date. Distributions from the Underlying Funds that are deemed to be return of capital are recorded as a reduction of cost of investments. Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

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

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for certain Funds, certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in each Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees presented below are included in each accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Fidelity Freedom 2010 Fund $82,123 
Fidelity Freedom 2020 Fund 207,790 
Fidelity Freedom 2030 Fund 184,071 

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 $3,169,227,174 $249,917,498 $(14,948,631) $234,968,867 
Fidelity Freedom 2005 Fund 920,970,847 67,600,997 (6,970,518) 60,630,479 
Fidelity Freedom 2010 Fund 5,189,665,379 552,384,041 (30,091,784) 522,292,257 
Fidelity Freedom 2015 Fund 7,505,097,762 1,024,854,059 (34,955,238) 989,898,821 
Fidelity Freedom 2020 Fund 23,740,415,377 3,366,944,256 (141,829,491) 3,225,114,765 
Fidelity Freedom 2025 Fund 24,328,126,919 3,382,064,531 (228,965,405) 3,153,099,126 
Fidelity Freedom 2030 Fund 28,395,838,484 4,528,991,783 (311,984,121) 4,217,007,662 
Fidelity Freedom 2035 Fund 19,458,659,935 3,343,160,032 (300,052,087) 3,043,107,945 
Fidelity Freedom 2040 Fund 19,370,887,606 3,581,431,341 (333,382,754) 3,248,048,587 
Fidelity Freedom 2045 Fund 12,324,429,288 1,999,015,015 (222,365,982) 1,776,649,033 
Fidelity Freedom 2050 Fund 10,772,776,543 1,670,133,437 (201,238,832) 1,468,894,605 
Fidelity Freedom 2055 Fund 5,307,018,632 457,517,236 (141,164,662) 316,352,574 
Fidelity Freedom 2060 Fund 1,563,873,190 69,717,789 (50,852,296) 18,865,493 
Fidelity Freedom 2065 Fund 2,778,018 27,240 (44,836) (17,596) 

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

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

4. Derivative Instruments.

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

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

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

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

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties.

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

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

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Freedom Income Fund   
Equity Risk   
Futures Contracts $2,011,415 $283,741 
Total Equity Risk $2,011,415 $283,741 
Interest Rate Risk   
Futures Contracts $69,832 $(94,070) 
Total Interest Rate Risk 69,832 (94,070) 
Totals $2,081,247 $189,671 
Fidelity Freedom 2005 Fund   
Equity Risk   
Futures Contracts $735,115 $92,313 
Total Equity Risk $735,115 $92,313 
Interest Rate Risk   
Futures Contracts $81,230 $(68,713) 
Total Interest Rate Risk 81,230 (68,713) 
Totals $816,345 $23,600 
Fidelity Freedom 2010 Fund   
Equity Risk   
Futures Contracts $5,281,503 $698,515 
Total Equity Risk $5,281,503 $698,515 
Interest Rate Risk   
Futures Contracts $572,408 $(485,168) 
Total Interest Rate Risk 572,408 (485,168) 
Totals $5,853,911 $213,347 
Fidelity Freedom 2015 Fund   
Equity Risk   
Futures Contracts $8,194,037 $1,100,898 
Total Equity Risk $8,194,037 $1,100,898 
Interest Rate Risk   
Futures Contracts $1,017,519 $(856,203) 
Total Interest Rate Risk 1,017,519 (856,203) 
Totals $9,211,556 $244,695 
Fidelity Freedom 2020 Fund   
Equity Risk   
Futures Contracts $21,895,463 $4,836,394 
Total Equity Risk $21,895,463 $4,836,394 
Interest Rate Risk   
Futures Contracts $3,227,886 $(2,712,031) 
Total Interest Rate Risk 3,227,886 (2,712,031) 
Totals $25,123,349 $2,124,363 
Fidelity Freedom 2025 Fund   
Equity Risk   
Futures Contracts $21,255,121 $4,637,480 
Total Equity Risk $21,255,121 $4,637,480 
Interest Rate Risk   
Futures Contracts $3,281,829 $(2,768,491) 
Total Interest Rate Risk 3,281,829 (2,768,491) 
Totals $24,536,950 $1,868,989 
Fidelity Freedom 2030 Fund   
Equity Risk   
Futures Contracts $22,248,408 $6,475,567 
Total Equity Risk $22,248,408 $6,475,567 
Interest Rate Risk   
Futures Contracts $3,506,881 $(2,896,285) 
Total Interest Rate Risk 3,506,881 (2,896,285) 
Totals $25,755,289 $3,579,282 
Fidelity Freedom 2035 Fund   
Equity Risk   
Futures Contracts $11,724,770 $4,655,386 
Total Equity Risk $11,724,770 $4,655,386 
Interest Rate Risk   
Futures Contracts $2,823,243 $(2,371,955) 
Total Interest Rate Risk 2,823,243 (2,371,955) 
Totals $14,548,013 $2,283,431 
Fidelity Freedom 2040 Fund   
Equity Risk   
Futures Contracts $14,368,048 $1,690,371 
Total Equity Risk $14,368,048 $1,690,371 
Interest Rate Risk   
Futures Contracts $1,202,119 $(1,022,431) 
Total Interest Rate Risk 1,202,119 (1,022,431) 
Totals $15,570,167 $667,940 
Fidelity Freedom 2045 Fund   
Equity Risk   
Futures Contracts $7,867,094 $994,035 
Total Equity Risk $7,867,094 $994,035 
Interest Rate Risk   
Futures Contracts $768,417 $(650,619) 
Total Interest Rate Risk 768,417 (650,619) 
Totals $8,635,511 $343,416 
Fidelity Freedom 2050 Fund   
Equity Risk   
Futures Contracts $6,683,704 $828,649 
Total Equity Risk $6,683,704 $828,649 
Interest Rate Risk   
Futures Contracts $661,895 $(560,060) 
Total Interest Rate Risk 661,895 (560,060) 
Totals $7,345,599 $268,589 
Fidelity Freedom 2055 Fund   
Equity Risk   
Futures Contracts $2,501,446 $509,664 
Total Equity Risk $2,501,446 $509,664 
Interest Rate Risk   
Futures Contracts $297,865 $(254,079) 
Total Interest Rate Risk 297,865 (254,079) 
Totals $2,799,311 $255,585 
Fidelity Freedom 2060 Fund   
Equity Risk   
Futures Contracts $621,198 $126,230 
Total Equity Risk $621,198 $126,230 
Interest Rate Risk   
Futures Contracts $76,083 $(66,344) 
Total Interest Rate Risk 76,083 (66,344) 
Totals $697,281 $59,886 

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

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

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

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

5. Purchases and Sales of Investments.

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

 Purchases ($) Sales ($) 
Fidelity Freedom Income Fund 286,707,765 350,152,125 
Fidelity Freedom 2005 Fund 116,646,213 117,704,822 
Fidelity Freedom 2010 Fund 492,032,713 751,321,029 
Fidelity Freedom 2015 Fund 807,288,832 1,397,119,375 
Fidelity Freedom 2020 Fund 2,857,458,013 4,176,932,311 
Fidelity Freedom 2025 Fund 3,753,809,362 3,948,017,787 
Fidelity Freedom 2030 Fund 4,958,909,681 4,945,558,137 
Fidelity Freedom 2035 Fund 3,631,558,513 3,568,083,170 
Fidelity Freedom 2040 Fund 2,858,782,093 2,981,491,518 
Fidelity Freedom 2045 Fund 2,011,030,823 1,913,061,143 
Fidelity Freedom 2050 Fund 1,839,173,177 1,606,549,364 
Fidelity Freedom 2055 Fund 1,051,233,318 669,841,576 
Fidelity Freedom 2060 Fund 438,457,923 162,215,889 
Fidelity Freedom 2065 Fund 2,894,957 116,815 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, 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 .474% .422% 
Fidelity Freedom 2010 Fund .516% .454% 
Fidelity Freedom 2015 Fund .559% .489% 
Fidelity Freedom 2020 Fund .601% .524% 
Fidelity Freedom 2025 Fund .644% .559% 
Fidelity Freedom 2030 Fund .686% .594% 
Fidelity Freedom 2035 Fund .729% .629% 
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 .369% 
Fidelity Freedom 2010 Fund .388% 
Fidelity Freedom 2015 Fund .408% 
Fidelity Freedom 2020 Fund .427% 
Fidelity Freedom 2025 Fund .446% 
Fidelity Freedom 2030 Fund .466% 
Fidelity Freedom 2035 Fund .485% 
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. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Expense Reductions.

Through arrangements with each applicable Fund's custodian, 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 $15 
Fidelity Freedom 2005 Fund 35 
Fidelity Freedom 2010 Fund 
Fidelity Freedom 2015 Fund 194 
Fidelity Freedom 2025 Fund 
Fidelity Freedom 2035 Fund 
Fidelity Freedom 2040 Fund 
Fidelity Freedom 2055 Fund 14 
Fidelity Freedom 2060 Fund 24 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2019 
Year ended
March 31, 2019 
Fidelity Freedom Income Fund   
Distributions to shareholders   
Fidelity Freedom Income Fund $29,640,131 $102,717,403 
Class K 18,605,149 70,626,011 
Class K6 2,681,264 4,849,927 
Total $50,926,544 $178,193,341 
Fidelity Freedom 2005 Fund   
Distributions to shareholders   
Fidelity Freedom 2005 Fund $9,094,558 $29,853,841 
Class K 5,559,518 20,287,074 
Class K6 757,163 1,532,113 
Total $15,411,239 $51,673,028 
Fidelity Freedom 2010 Fund   
Distributions to shareholders   
Fidelity Freedom 2010 Fund $71,015,891 $253,919,287 
Class K 35,426,327 139,656,036 
Class K6 4,432,592 9,802,728 
Total $110,874,810 $403,378,051 
Fidelity Freedom 2015 Fund   
Distributions to shareholders   
Fidelity Freedom 2015 Fund $118,287,286 $377,354,021 
Class K 78,657,744 287,986,155 
Class K6 12,734,375 24,393,690 
Total $209,679,405 $689,733,866 
Fidelity Freedom 2020 Fund   
Distributions to shareholders   
Fidelity Freedom 2020 Fund $333,081,109 $826,399,967 
Class K 348,671,855 956,998,176 
Class K6 53,359,458 84,006,920 
Total $735,112,422 $1,867,405,063 
Fidelity Freedom 2025 Fund   
Distributions to shareholders   
Fidelity Freedom 2025 Fund $321,818,215 $643,389,684 
Class K 389,595,382 845,201,451 
Class K6 76,083,166 94,609,902 
Total $787,496,763 $1,583,201,037 
Fidelity Freedom 2030 Fund   
Distributions to shareholders   
Fidelity Freedom 2030 Fund $439,342,572 $832,766,884 
Class K 543,939,215 1,115,314,992 
Class K6 96,592,817 117,037,625 
Total $1,079,874,604 $2,065,119,501 
Fidelity Freedom 2035 Fund   
Distributions to shareholders   
Fidelity Freedom 2035 Fund $320,651,900 $550,912,169 
Class K 435,705,099 813,680,040 
Class K6 92,297,470 101,166,211 
Total $848,654,469 $1,465,758,420 
Fidelity Freedom 2040 Fund   
Distributions to shareholders   
Fidelity Freedom 2040 Fund $347,592,875 $581,170,903 
Class K 475,877,479 864,717,475 
Class K6 91,124,391 97,776,569 
Total $914,594,745 $1,543,664,947 
Fidelity Freedom 2045 Fund   
Distributions to shareholders   
Fidelity Freedom 2045 Fund $179,170,493 $293,629,110 
Class K 314,018,173 563,596,638 
Class K6 67,014,415 65,086,061 
Total $560,203,081 $922,311,809 
Fidelity Freedom 2050 Fund   
Distributions to shareholders   
Fidelity Freedom 2050 Fund $150,218,734 $241,462,546 
Class K 274,922,153 478,387,408 
Class K6 52,961,027 52,675,678 
Total $478,101,914 $772,525,632 
Fidelity Freedom 2055 Fund   
Distributions to shareholders   
Fidelity Freedom 2055 Fund $58,870,035 $81,845,595 
Class K 121,097,701 178,822,212 
Class K6 23,292,303 19,867,662 
Total $203,260,039 $280,535,469 
Fidelity Freedom 2060 Fund   
Distributions to shareholders   
Fidelity Freedom 2060 Fund $13,077,050 $15,371,631 
Class K 27,961,062 33,767,760 
Class K6 5,157,507 3,803,581 
Total $46,195,619 $52,942,972 

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, 2019 Year ended March 31, 2019 Six months ended September 30, 2019 Year ended March 31, 2019 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund     
Shares sold 10,670,743 25,058,541 $123,111,980 $286,757,008 
Reinvestment of distributions 2,531,856 8,973,666 29,042,317 100,623,614 
Shares redeemed (15,039,663) (41,698,472) (173,526,062) (476,864,729) 
Net increase (decrease) (1,837,064) (7,666,265) $(21,371,765) $(89,484,107) 
Class K     
Shares sold 12,224,420 24,707,642 $140,953,391 $282,292,785 
Reinvestment of distributions 1,624,360 6,301,112 18,605,149 70,626,011 
Shares redeemed (17,237,089) (57,099,968) (198,382,052) (651,962,576) 
Net increase (decrease) (3,388,309) (26,091,214) $(38,823,512) $(299,043,780) 
Class K6     
Shares sold 3,252,070 13,449,555 $37,458,995 $152,953,366 
Reinvestment of distributions 234,108 436,212 2,681,264 4,849,927 
Shares redeemed (2,515,998) (2,583,945) (28,980,839) (29,297,281) 
Net increase (decrease) 970,180 11,301,822 $11,159,420 $128,506,012 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund     
Shares sold 3,890,474 8,707,889 $47,652,122 $105,898,952 
Reinvestment of distributions 746,636 2,498,926 8,989,489 29,581,031 
Shares redeemed (4,844,488) (12,238,570) (59,543,829) (149,557,798) 
Net increase (decrease) (207,378) (1,031,755) $(2,902,218) $(14,077,815) 
Class K     
Shares sold 4,818,179 9,255,304 $59,233,849 $113,037,972 
Reinvestment of distributions 462,522 1,716,365 5,559,518 20,287,074 
Shares redeemed (6,193,223) (15,495,358) (75,769,756) (188,855,616) 
Net increase (decrease) (912,522) (4,523,689) $(10,976,389) $(55,530,570) 
Class K6     
Shares sold 1,739,414 3,528,841 $21,319,889 $42,992,307 
Reinvestment of distributions 63,097 131,530 757,163 1,532,113 
Shares redeemed (639,300) (1,034,182) (7,830,527) (12,433,043) 
Net increase (decrease) 1,163,211 2,626,189 $14,246,525 $32,091,377 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund     
Shares sold 9,496,238 22,137,663 $146,130,112 $343,265,947 
Reinvestment of distributions 4,620,906 16,784,206 69,868,107 250,047,842 
Shares redeemed (19,862,632) (48,968,002) (306,261,955) (758,581,263) 
Net increase (decrease) (5,745,488) (10,046,133) $(90,263,736) $(165,267,474) 
Class K     
Shares sold 7,934,175 18,984,925 $122,164,451 $293,919,487 
Reinvestment of distributions 2,346,115 9,374,907 35,426,327 139,656,036 
Shares redeemed (20,877,089) (53,900,418) (321,238,484) (833,905,445) 
Net increase (decrease) (10,596,799) (25,540,586) $(163,647,706) $(400,329,922) 
Class K6     
Shares sold 3,469,672 12,241,190 $53,494,413 $189,424,821 
Reinvestment of distributions 294,134 670,199 4,432,592 9,802,728 
Shares redeemed (2,310,576) (2,696,778) (35,540,542) (41,281,520) 
Net increase (decrease) 1,453,230 10,214,611 $22,386,463 $157,946,029 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund     
Shares sold 21,655,086 68,644,548 $274,124,068 $886,402,243 
Reinvestment of distributions 9,413,002 30,420,107 117,003,624 373,367,843 
Shares redeemed (42,491,592) (112,629,257) (539,367,398) (1,453,808,319) 
Net increase (decrease) (11,423,504) (13,564,602) $(148,239,706) $(194,038,233) 
Class K     
Shares sold 18,359,457 48,472,774 $232,555,106 $623,037,344 
Reinvestment of distributions 6,333,152 23,474,505 78,657,744 287,986,155 
Shares redeemed (58,570,588) (145,174,941) (742,464,152) (1,869,172,103) 
Net increase (decrease) (33,877,979) (73,227,662) $(431,251,302) $(958,148,604) 
Class K6     
Shares sold 11,224,743 35,938,671 $142,614,272 $463,016,828 
Reinvestment of distributions 1,027,795 2,034,205 12,734,375 24,393,690 
Shares redeemed (6,753,234) (7,934,238) (85,418,277) (100,776,398) 
Net increase (decrease) 5,499,304 30,038,638 $69,930,370 $386,634,120 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund     
Shares sold 70,207,454 174,048,484 $1,107,061,930 $2,786,786,989 
Reinvestment of distributions 21,275,782 53,655,013 329,561,857 818,525,498 
Shares redeemed (98,665,357) (226,928,918) (1,559,701,587) (3,635,996,707) 
Net increase (decrease) (7,182,121) 774,579 $(123,077,800) $(30,684,220) 
Class K     
Shares sold 67,851,263 159,909,895 $1,071,254,441 $2,553,281,316 
Reinvestment of distributions 22,538,581 62,766,863 348,671,855 956,998,176 
Shares redeemed (161,466,108) (375,652,943) (2,551,171,743) (6,006,032,882) 
Net increase (decrease) (71,076,264) (152,976,185) $(1,131,245,447) $(2,495,753,390) 
Class K6     
Shares sold 30,004,469 99,609,081 $475,003,486 $1,599,046,170 
Reinvestment of distributions 3,455,921 5,641,608 53,359,458 84,006,920 
Shares redeemed (16,789,408) (17,989,116) (264,787,084) (282,730,830) 
Net increase (decrease) 16,670,982 87,261,573 $263,575,860 $1,400,322,260 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund     
Shares sold 80,373,776 190,997,403 $1,106,537,645 $2,665,870,688 
Reinvestment of distributions 23,623,943 48,080,617 319,395,717 639,002,472 
Shares redeemed (86,058,313) (208,942,009) (1,187,691,934) (2,921,895,528) 
Net increase (decrease) 17,939,406 30,136,011 $238,241,428 $382,977,632 
Class K     
Shares sold 98,414,287 219,109,631 $1,355,740,766 $3,047,407,947 
Reinvestment of distributions 28,858,917 63,709,142 389,595,382 845,201,451 
Shares redeemed (158,688,852) (385,355,828) (2,191,479,376) (5,360,718,475) 
Net increase (decrease) (31,415,648) (102,537,055) $(446,143,228) $(1,468,109,077) 
Class K6     
Shares sold 43,342,413 143,847,621 $598,751,958 $2,010,911,795 
Reinvestment of distributions 5,644,152 7,306,902 76,083,166 94,609,902 
Shares redeemed (20,969,450) (19,510,064) (288,991,022) (267,428,812) 
Net increase (decrease) 28,017,115 131,644,459 $385,844,102 $1,838,092,885 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund     
Shares sold 64,046,715 150,298,688 $1,091,342,366 $2,620,161,152 
Reinvestment of distributions 26,018,308 50,125,929 435,546,463 826,346,269 
Shares redeemed (65,375,228) (154,952,069) (1,117,045,546) (2,709,471,936) 
Net increase (decrease) 24,689,795 45,472,548 $409,843,283 $737,035,485 
Class K     
Shares sold 83,510,419 187,359,164 $1,425,208,609 $3,255,368,824 
Reinvestment of distributions 32,532,250 67,704,007 543,939,215 1,115,314,992 
Shares redeemed (134,656,980) (317,489,316) (2,306,190,207) (5,520,962,244) 
Net increase (decrease) (18,614,311) (62,426,145) $(337,042,383) $(1,150,278,428) 
Class K6     
Shares sold 36,626,866 114,242,961 $627,062,328 $1,995,309,716 
Reinvestment of distributions 5,784,001 7,297,869 96,592,817 117,037,625 
Shares redeemed (16,099,202) (13,537,858) (275,013,877) (231,723,598) 
Net increase (decrease) 26,311,665 108,002,972 $448,641,268 $1,880,623,743 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund     
Shares sold 54,278,331 138,496,945 $771,738,004 $2,037,156,074 
Reinvestment of distributions 22,773,748 39,740,764 318,604,734 547,688,796 
Shares redeemed (49,776,259) (136,013,816) (709,509,047) (2,013,190,111) 
Net increase (decrease) 27,275,820 42,223,893 $380,833,691 $571,654,759 
Class K     
Shares sold 78,063,479 185,251,656 $1,111,138,497 $2,714,632,551 
Reinvestment of distributions 31,210,967 59,222,839 435,705,099 813,680,040 
Shares redeemed (121,890,126) (289,910,315) (1,745,807,785) (4,248,047,149) 
Net increase (decrease) (12,615,680) (45,435,820) $(198,964,189) $(719,734,558) 
Class K6     
Shares sold 36,294,829 112,638,479 $518,196,040 $1,660,559,280 
Reinvestment of distributions 6,616,306 7,583,919 92,297,470 101,166,211 
Shares redeemed (17,670,596) (13,041,070) (251,967,732) (187,832,399) 
Net increase (decrease) 25,240,539 107,181,328 $358,525,778 $1,573,893,092 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund     
Shares sold 71,002,922 182,072,693 $703,572,611 $1,878,923,853 
Reinvestment of distributions 35,281,753 59,905,740 344,349,907 576,239,377 
Shares redeemed (69,441,461) (185,049,244) (689,626,642) (1,921,335,739) 
Net increase (decrease) 36,843,214 56,929,189 $358,295,876 $533,827,491 
Class K     
Shares sold 109,390,465 258,792,906 $1,085,664,044 $2,655,852,866 
Reinvestment of distributions 48,807,947 90,012,951 475,877,479 864,717,475 
Shares redeemed (178,238,835) (418,657,133) (1,782,091,573) (4,307,896,378) 
Net increase (decrease) (20,040,423) (69,851,276) $(220,550,050) $(787,326,037) 
Class K6     
Shares sold 50,569,452 146,798,962 $503,164,023 $1,520,211,796 
Reinvestment of distributions 9,365,302 10,519,511 91,124,391 97,776,569 
Shares redeemed (25,775,040) (16,104,067) (255,810,191) (162,433,213) 
Net increase (decrease) 34,159,714 141,214,406 $338,478,223 $1,455,555,152 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund     
Shares sold 45,168,374 119,195,819 $507,409,184 $1,394,706,563 
Reinvestment of distributions 16,032,161 26,703,997 177,636,334 291,331,809 
Shares redeemed (38,033,464) (108,800,376) (428,298,638) (1,284,013,422) 
Net increase (decrease) 23,167,071 37,099,440 $256,746,880 $402,024,950 
Class K     
Shares sold 79,264,949 183,374,163 $892,426,177 $2,134,406,191 
Reinvestment of distributions 28,392,240 51,875,559 314,018,173 563,596,638 
Shares redeemed (114,744,876) (261,085,998) (1,301,603,545) (3,037,292,345) 
Net increase (decrease) (7,087,687) (25,836,276) $(95,159,195) $(339,289,516) 
Class K6     
Shares sold 38,304,114 99,663,304 $432,880,518 $1,164,218,713 
Reinvestment of distributions 6,070,146 6,200,558 67,014,415 65,086,061 
Shares redeemed (17,612,497) (9,815,182) (198,439,142) (111,945,159) 
Net increase (decrease) 26,761,763 96,048,680 $301,455,791 $1,117,359,615 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund     
Shares sold 42,511,148 104,143,856 $481,112,730 $1,224,783,503 
Reinvestment of distributions 13,288,725 21,745,643 148,302,170 238,582,101 
Shares redeemed (35,844,598) (90,449,638) (406,633,806) (1,071,655,417) 
Net increase (decrease) 19,955,275 35,439,861 $222,781,094 $391,710,187 
Class K     
Shares sold 78,530,938 175,911,537 $890,355,613 $2,056,748,125 
Reinvestment of distributions 24,678,829 43,756,458 274,922,153 478,387,408 
Shares redeemed (95,731,669) (228,313,958) (1,092,035,233) (2,677,330,866) 
Net increase (decrease) 7,478,098 (8,645,963) $73,242,533 $(142,195,333) 
Class K6     
Shares sold 30,735,347 80,095,292 $349,828,930 $947,863,380 
Reinvestment of distributions 4,758,403 4,987,171 52,961,027 52,675,678 
Shares redeemed (13,812,912) (8,983,925) (156,899,511) (103,494,973) 
Net increase (decrease) 21,680,838 76,098,538 $245,890,446 $897,044,085 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund     
Shares sold 23,455,227 53,445,059 $302,447,334 $709,023,239 
Reinvestment of distributions 4,549,988 6,462,035 57,830,345 80,509,228 
Shares redeemed (14,506,627) (38,484,032) (187,337,815) (514,580,553) 
Net increase (decrease) 13,498,588 21,423,062 $172,939,864 $274,951,914 
Class K     
Shares sold 45,478,254 98,682,302 $587,699,196 $1,305,321,274 
Reinvestment of distributions 9,535,252 14,422,538 121,097,701 178,822,212 
Shares redeemed (38,964,317) (91,913,657) (505,152,681) (1,217,064,799) 
Net increase (decrease) 16,049,189 21,191,183 $203,644,216 $267,078,687 
Class K6     
Shares sold 14,579,300 33,803,827 $188,451,729 $452,490,356 
Reinvestment of distributions 1,836,932 1,656,647 23,292,303 19,867,662 
Shares redeemed (6,155,682) (3,933,170) (79,628,035) (51,403,131) 
Net increase (decrease) 10,260,550 31,527,304 $132,115,997 $420,954,887 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund     
Shares sold 11,344,818 20,107,238 $131,925,369 $237,700,369 
Reinvestment of distributions 1,107,519 1,350,122 12,692,172 14,977,346 
Shares redeemed (5,332,412) (10,024,630) (62,166,182) (119,574,619) 
Net increase (decrease) 7,119,925 11,432,730 $82,451,359 $133,103,096 
Class K     
Shares sold 24,469,490 43,960,200 $284,610,037 $518,763,344 
Reinvestment of distributions 2,444,149 3,063,146 27,961,062 33,767,760 
Shares redeemed (12,040,847) (25,243,734) (140,274,616) (298,055,315) 
Net increase (decrease) 14,872,792 21,779,612 $172,296,483 $254,475,789 
Class K6     
Shares sold 5,640,799 10,340,589 $65,629,887 $122,533,903 
Reinvestment of distributions 450,831 354,539 5,157,507 3,803,581 
Shares redeemed (2,050,932) (1,270,778) (23,915,925) (14,790,330) 
Net increase (decrease) 4,040,698 9,424,350 $46,871,469 $111,547,154 
Fidelity Freedom 2065 Fund(a)     
Fidelity Freedom 2065 Fund     
Shares sold 214,325 – $2,121,472 $– 
Shares redeemed (3,810– (37,081– 
Net increase (decrease) 210,515 – $2,084,391 $– 
Class K     
Shares sold 33,333 – $333,330 $– 
Net increase (decrease) 33,333 – $333,330 $– 
Class K6     
Shares sold 33,333 – $333,330 $– 
Net increase (decrease) 33,333 – $333,330 $– 

 (a) For the period June 28, 2019 (commencement of operations) to September 30, 2019.

10. Other.

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

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

 Fidelity Freedom 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 Series Small Cap Opportunities Fund – – – 11% 15% 13% 14% – 
Fidelity Series Investment Grade Bond Fund – – 20% 18% 18% – – – 
Fidelity Series All-Sector Equity Fund – – – 10% 15% 13% 14% – 
Fidelity Series Emerging Markets Opportunities Fund – – 11% 12% 16% 12% 13% – 
Fidelity Series Inflation-Protected Bond Index Fund – – 19% 17% 13% – – – 
Fidelity Series High Income Fund – – 13% 13% 16% 11% 11% – 
Fidelity Series Floating Rate High Income Fund – – 13% 13% 15% 11% 11% – 
Fidelity Series Real Estate Income Fund – – 13% 13% 16% 11% 11% – 
Fidelity Series Commodity Strategy Fund – – 13% 13% 16% 11% 11% – 
Fidelity Series International Growth Fund – – 10% 11% 16% 13% 14% – 
Fidelity Series International Value Fund – – 10% 11% 16% 13% 14% – 
Fidelity Series International Small Cap Fund – – – 11% 16% 13% 14% – 
Fidelity Series Emerging Markets Debt Fund – – 14% 13% 15% 10% 11% – 
Fidelity Series Value Discovery Fund – – – 10% 15% 13% 14% – 
Fidelity Series Intrinsic Opportunities Fund – – 10% 12% 17% 15% 16% – 
Fidelity Series Large Cap Stock Fund – – – 11% 15% 13% 14% – 
Fidelity Series Opportunistic Insights Fund – – – 11% 15% 13% 14% – 
Fidelity Series Stock Selector Large Cap Value Fund – – – 11% 16% 13% 15% – 
Fidelity Series Growth Company Fund – – 11% 12% 17% 15% 16% 10% 
Fidelity Series Blue Chip Growth Fund – – – 12% 16% 14% 15% – 
Fidelity Series Large Cap Value Index Fund – – – – 14% 12% 13% – 
Fidelity Series Small Cap Discovery Fund – – 11% 12% 17% 15% 16% 10% 
Fidelity Series Short-Term Credit Fund 11% 12% 26% 16% – 2% – – 
Fidelity Series Government Money Market Fund 11% 12% 26% 16% – 2% – – 
Fidelity Series Long-Term Treasury Bond Index Fund – – 10% 11% 13% 9% – – 
Fidelity Series International Credit Fund – – 18% 15% 15% – – – 
Fidelity Series Canada Fund – – 10% 11% 16% 13% 14% – 
Fidelity Series Emerging Markets Fund – – 10% 11% 16% 12% 14% – 
Fidelity Series Overseas Fund – – 10% 12% 16% 13% 13% – 

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

Fund % of shares held 
Fidelity Series Small Cap Opportunities Fund 87% 
Fidelity Series Investment Grade Bond Fund 79% 
Fidelity Series All-Sector Equity Fund 85% 
Fidelity Series Emerging Markets Opportunities Fund 89% 
Fidelity Series Inflation-Protected Bond Index Fund 80% 
Fidelity Series High Income Fund 89% 
Fidelity Series Floating Rate High Income Fund 89% 
Fidelity Series Real Estate Income Fund 89% 
Fidelity Series Commodity Strategy Fund 89% 
Fidelity Series International Growth Fund 89% 
Fidelity Series International Value Fund 89% 
Fidelity Series International Small Cap Fund 89% 
Fidelity Series Emerging Markets Debt Fund 89% 
Fidelity Series Value Discovery Fund 84% 
Fidelity Series Intrinsic Opportunities Fund 98% 
Fidelity Series Large Cap Stock Fund 86% 
Fidelity Series Opportunistic Insights Fund 88% 
Fidelity Series Stock Selector Large Cap Value Fund 90% 
Fidelity Series Growth Company Fund 100% 
Fidelity Series Blue Chip Growth Fund 93% 
Fidelity Series Large Cap Value Index Fund 80% 
Fidelity Series Small Cap Discovery Fund 100% 
Fidelity Series Short-Term Credit Fund 90% 
Fidelity Series Government Money Market Fund 91% 
Fidelity Series Long-Term Treasury Bond Index Fund 72% 
Fidelity Series International Credit Fund 91% 
Fidelity Series Canada Fund 89% 
Fidelity Series Emerging Markets Fund 89% 
Fidelity Series Overseas Fund 89% 

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 2065 Fund 37% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2019 to September 30, 2019) for each fund, with the exception of Fidelity Freedom 2065 and for the period (June 28, 2019 to September 30, 2019) for Fidelity Freedom 2065. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2019 to September 30, 2019).

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

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

 Annualized
Expense Ratio-A 
Beginning
Account Value 
Ending
Account Value
September 30, 2019 
Expenses Paid
During Period 
Fidelity Freedom Income Fund     
Fidelity Freedom Income Fund .47%    
Actual  $1,000.00 $1,036.40 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K .42%    
Actual  $1,000.00 $1,036.80 $2.14-B 
Hypothetical-C  $1,000.00 $1,022.90 $2.12-D 
Class K6 .37%    
Actual  $1,000.00 $1,037.10 $1.88-B 
Hypothetical-C  $1,000.00 $1,023.15 $1.87-D 
Fidelity Freedom 2005 Fund     
Fidelity Freedom 2005 Fund .47%    
Actual  $1,000.00 $1,036.40 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K .42%    
Actual  $1,000.00 $1,036.50 $2.14-B 
Hypothetical-C  $1,000.00 $1,022.90 $2.12-D 
Class K6 .37%    
Actual  $1,000.00 $1,036.10 $1.88-B 
Hypothetical-C  $1,000.00 $1,023.15 $1.87-D 
Fidelity Freedom 2010 Fund     
Fidelity Freedom 2010 Fund .52%    
Actual  $1,000.00 $1,036.20 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class K .45%    
Actual  $1,000.00 $1,036.40 $2.29-B 
Hypothetical-C  $1,000.00 $1,022.75 $2.28-D 
Class K6 .39%    
Actual  $1,000.00 $1,036.80 $1.99-B 
Hypothetical-C  $1,000.00 $1,023.05 $1.97-D 
Fidelity Freedom 2015 Fund     
Fidelity Freedom 2015 Fund .56%    
Actual  $1,000.00 $1,035.20 $2.85-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class K .49%    
Actual  $1,000.00 $1,036.10 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Class K6 .41%    
Actual  $1,000.00 $1,036.60 $2.09-B 
Hypothetical-C  $1,000.00 $1,022.95 $2.07-D 
Fidelity Freedom 2020 Fund     
Fidelity Freedom 2020 Fund .60%    
Actual  $1,000.00 $1,034.80 $3.05-B 
Hypothetical-C  $1,000.00 $1,022.00 $3.03-D 
Class K .52%    
Actual  $1,000.00 $1,035.00 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class K6 .43%    
Actual  $1,000.00 $1,036.10 $2.19-B 
Hypothetical-C  $1,000.00 $1,022.85 $2.17-D 
Fidelity Freedom 2025 Fund     
Fidelity Freedom 2025 Fund .64%    
Actual  $1,000.00 $1,034.60 $3.26-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K .56%    
Actual  $1,000.00 $1,034.80 $2.85-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class K6 .45%    
Actual  $1,000.00 $1,035.30 $2.29-B 
Hypothetical-C  $1,000.00 $1,022.75 $2.28-D 
Fidelity Freedom 2030 Fund     
Fidelity Freedom 2030 Fund .69%    
Actual  $1,000.00 $1,033.80 $3.51-B 
Hypothetical-C  $1,000.00 $1,021.55 $3.49-D 
Class K .59%    
Actual  $1,000.00 $1,034.60 $3.00-B 
Hypothetical-C  $1,000.00 $1,022.05 $2.98-D 
Class K6 .47%    
Actual  $1,000.00 $1,034.50 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Fidelity Freedom 2035 Fund     
Fidelity Freedom 2035 Fund .73%    
Actual  $1,000.00 $1,030.70 $3.71-B 
Hypothetical-C  $1,000.00 $1,021.35 $3.69-D 
Class K .63%    
Actual  $1,000.00 $1,030.90 $3.20-B 
Hypothetical-C  $1,000.00 $1,021.85 $3.18-D 
Class K6 .49%    
Actual  $1,000.00 $1,031.50 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2040 Fund     
Fidelity Freedom 2040 Fund .75%    
Actual  $1,000.00 $1,026.20 $3.80-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $1,027.40 $3.24-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $1,028.00 $2.48-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2045 Fund     
Fidelity Freedom 2045 Fund .75%    
Actual  $1,000.00 $1,026.90 $3.80-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $1,027.10 $3.24-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $1,027.80 $2.48-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2050 Fund     
Fidelity Freedom 2050 Fund .75%    
Actual  $1,000.00 $1,026.60 $3.80-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $1,027.70 $3.24-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $1,028.20 $2.48-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2055 Fund     
Fidelity Freedom 2055 Fund .75%    
Actual  $1,000.00 $1,026.60 $3.80-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $1,026.80 $3.24-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $1,028.30 $2.48-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2060 Fund     
Fidelity Freedom 2060 Fund .75%    
Actual  $1,000.00 $1,026.60 $3.80-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $1,027.70 $3.24-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $1,027.40 $2.48-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Fidelity Freedom 2065 Fund     
Fidelity Freedom 2065 Fund .75%    
Actual  $1,000.00 $995.00 $1.94-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class K .64%    
Actual  $1,000.00 $996.00 $1.66-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class K6 .49%    
Actual  $1,000.00 $996.00 $1.27-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 

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

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period) for each fund, with the exception of Fidelity Freedom 2065 and multiplied by 95/366 (to reflect the period June 28, 2019 to September 30, 2019) for Fidelity Freedom 2065. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), 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 2019 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, 2017, 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. Following the implementation of these changes, the Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds 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.

Approval of Amended and Restated Advisory Contracts. At its September 2019 meeting, the Board also unanimously determined to approve amended and restated management contracts (Amended and Restated Contracts) in connection with an upcoming consolidation of certain of Fidelity's advisory businesses. The Board considered that, on or about January 1, 2020, FMRC expects to merge with and into FMR and, after the merger, FMR expects to redomicile as a Delaware limited liability company. The Board noted that the Amended and Restated Contracts will replace FMRC with FMR and will take effect upon the completion of the merger. The Board noted that references to FMR in the Amended and Restated Contracts would be updated to reflect FMR's new form of organization and domicile. The Board also approved amendments that clarify 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. The Board also noted Fidelity's assurance that neither the planned consolidation nor the Amended and Restated Contracts will change the investment processes, the level or nature of services provided, the resources and personnel allocated, trading and compliance operations, or any fees paid by the funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the 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.

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 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 and index funds; (vii) lowering expense caps for certain existing funds and classes, and converting certain voluntary expense caps to contractual caps, to reduce expenses borne by shareholders; (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) and a peer group of funds with similar objectives (peer group), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

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

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

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.

With respect to Freedom 2065 Fund, the Board considered that it received and reviewed information regarding the fund's management fee rate and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the approval of the management contract in January 2019. The Board noted that, because the fund did not commence operations until June 2019, no new competitive management fee and expense information was considered by the Board.

Management Fee.  The Board considered two proprietary management fee comparisons for the 12-month periods shown in basis points (BP) in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s and the number of funds in the Total Mapped Group are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and was considered by the Board. The Board considered that the charts below reflect the funds' fee structure effective June 1, 2017, as if it was in effect for the entire year.

Fidelity Freedom 2005 Fund


Fidelity Freedom 2010 Fund


Fidelity Freedom 2015 Fund


Fidelity Freedom 2020 Fund


Fidelity Freedom 2025 Fund


Fidelity Freedom 2030 Fund


Fidelity Freedom 2035 Fund


Fidelity Freedom 2040 Fund


Fidelity Freedom 2045 Fund


Fidelity Freedom 2050 Fund


Fidelity Freedom 2055 Fund


Fidelity Freedom 2060 Fund


Fidelity Freedom Income Fund


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 2018. 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 2018. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board 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 the funds' total expense ratio comparisons to competitors generally were more favorable.

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 2018. 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 2018 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 2018 for Freedom 2040 Fund, Freedom 2045 Fund, Freedom 2050 Fund, Freedom 2055 Fund, and Freedom 2060 Fund; and (iii) ranked above the competitive median for 2018 for Freedom 2020 Fund and Freedom 2025 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 Freedom 2020 Fund ranks below the competitive median and, when compared to other no-load classes, the total expense ratio of the retail class of Freedom 2025 Fund is 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 2018 for Freedom 2005 Fund, Freedom 2010 Fund, Freedom 2015 Fund, Freedom 2020 Fund, Freedom 2025 Fund, Freedom 2030 Fund, and Freedom Income Fund; (ii) ranked equal to the competitive median for 2018 for Freedom 2035 Fund; and (iii) ranked above the competitive median for 2018 for Freedom 2040 Fund, Freedom 2045 Fund, Freedom 2050 Fund, Freedom 2055 Fund, and Freedom 2060 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 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 2018.

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.

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 (except Freedom 2065 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.

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

The Board also reviewed Fidelity's non-fund businesses and potential 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 noted that changes to fall-out benefits year-over-year reflect business developments at Fidelity's various businesses. The Board considered that a joint ad hoc committee created by it and the boards of other Fidelity funds had recently been established, and meets periodically, to evaluate potential fall-out benefits. The Board noted that the committee was expected to, among other things: (i) discuss the legal framework surrounding potential fall-out benefits; (ii) review the Board's responsibilities and approach to potential fall-out benefits; and (iii) review practices employed by competitor funds regarding the review of potential fall-out benefits. The Board noted that it would consider the committee's findings in connection with future consideration of contract renewals.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund 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 practices of certain sub-advisers regarding their receipt of research from broker-dealers that execute the funds' portfolio transactions; (vi) the terms of Fidelity's voluntary expense limitation agreements; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the impact on fund profitability of recent changes in total net assets for Fidelity's money market funds, anticipated changes to the competitive landscape for money market funds, and the level of investor comfort with gates, fees, and floating NAVs; (xi) the funds' share class structures and distribution channels; and (xii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

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

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom 2065 Fund

On January 17, 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees’ counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity’s staffing as it relates to the fund, including the backgrounds of investment personnel of FMRC, and also considered the fund’s investment objective, strategies, and related investment philosophy. 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 the fund.

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

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

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

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund’s Advisory Contract. The Board considered FMRC’s strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

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

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered the fund’s proposed class-level management fee rate, which will cover most expenses of the top-level fund and underlying funds. In reviewing the Advisory Contract, the Board also considered the projected total expense ratio of each class of the fund. The Board noted that the fund’s proposed management fee rate ranks above the median of its competitor funds because the majority of such competitor funds do not have top-level management fees. The Board also considered that the projected total expense ratio of each class (including expenses of the underlying Series funds) of the fund is equal to or below the median those funds and classes used by the Board for management fee comparisons that have a similar sales load structure.

The Board considered that the proposed contractual arrangements for the fund oblige FMR to pay all “class-level” expenses of Class K6 of the 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 the fund except by a vote of a majority of the Board of Trustees of the fund.

Based on its review, the Board concluded that the management fee and the projected total expense ratio of each class of the fund’s management fee and projected total expense ratio 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 fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund’s Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the Series Funds in which the fund invests and servicing the fund’s shareholders.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It is noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors that pay top-level management fees, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.

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 the fund’s Advisory Contract should be approved.





Fidelity Investments

FF-SANN-1119
1.537284.122




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



Semi-Annual Report

September 30, 2019

Fidelity Investments



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

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. © 2019 FMR LLC. All rights reserved.



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

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

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

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Advisor Freedom® Income Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 38.5 
Fidelity Series Government Money Market Fund 2.07% 18.7 
Fidelity Series Inflation-Protected Bond Index Fund 11.9 
Fidelity Series Short-Term Credit Fund 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.0 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Long-Term Treasury Bond Index Fund 2.6 
Fidelity Series International Growth Fund 2.4 
Fidelity Series International Value Fund 2.2 
Fidelity Series Large Cap Stock Fund 1.5 
 90.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 10.6% 
   International Equity Funds 10.7% 
   Bond Funds 55.2% 
   Short-Term Funds 23.5% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.0%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.93% to 1.95% 11/29/19 to 12/5/19(a)   
(Cost $109,642) 110,000 109,667 
 Shares Value 
Domestic Equity Funds - 10.6%   
Fidelity Advisor Series Equity Growth Fund (b) 131,450 $1,899,459 
Fidelity Advisor Series Growth Opportunities Fund (b) 84,996 1,235,839 
Fidelity Advisor Series Small Cap Fund (b) 85,234 935,019 
Fidelity Series All-Sector Equity Fund (b) 90,840 920,210 
Fidelity Series Commodity Strategy Fund (b) 1,703,297 7,818,131 
Fidelity Series Large Cap Stock Fund (b) 231,961 3,361,117 
Fidelity Series Large Cap Value Index Fund (b) 28,031 366,083 
Fidelity Series Opportunistic Insights Fund (b) 97,255 1,752,538 
Fidelity Series Small Cap Opportunities Fund (b) 93,303 1,200,808 
Fidelity Series Stock Selector Large Cap Value Fund (b) 176,793 2,204,612 
Fidelity Series Value Discovery Fund (b) 171,078 2,225,722 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $20,952,510)  23,919,538 
International Equity Funds - 10.7%   
Fidelity Series Canada Fund (b) 56,179 621,897 
Fidelity Series Emerging Markets Fund (b) 95,698 881,380 
Fidelity Series Emerging Markets Opportunities Fund (b) 485,829 9,026,699 
Fidelity Series International Growth Fund (b) 336,611 5,510,329 
Fidelity Series International Small Cap Fund (b) 79,845 1,288,695 
Fidelity Series International Value Fund (b) 537,813 5,109,227 
Fidelity Series Overseas Fund (b) 185,958 1,844,701 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $19,822,735)  24,282,928 
Bond Funds - 55.2%   
Fidelity Series Emerging Markets Debt Fund (b) 177,861 1,671,896 
Fidelity Series Floating Rate High Income Fund (b) 39,907 370,737 
Fidelity Series High Income Fund (b) 174,287 1,655,722 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,677,052 26,984,679 
Fidelity Series International Credit Fund (b) 11,951 125,131 
Fidelity Series Investment Grade Bond Fund (b) 7,501,976 87,022,916 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 580,274 5,808,546 
Fidelity Series Real Estate Income Fund (b) 102,972 1,154,317 
TOTAL BOND FUNDS   
(Cost $117,736,975)  124,793,944 
Short-Term Funds - 23.5%   
Fidelity Cash Central Fund 1.96% (c) 323,616 323,681 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 42,175,399 42,175,399 
Fidelity Series Short-Term Credit Fund (b) 1,048,818 10,572,084 
TOTAL SHORT-TERM FUNDS   
(Cost $52,923,005)  53,071,164 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $211,544,867)  226,177,241 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (108,346) 
NET ASSETS - 100%  $226,068,895 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $595,700 $(6,971) $(6,971) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2019 400,760 (13,319) (13,319) 
TOTAL PURCHASED     (20,290) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) Dec. 2019 569,520 3,040 3,040 
TOTAL FUTURES CONTRACTS     $(17,250) 

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

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

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 $109,667.

 (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 $2,962 
Total $2,962 

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

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $2,450,563 $93,330 $740,221  $-- $186,416  $(90,629) $1,899,459 
Fidelity Advisor Series Growth Opportunities Fund 1,688,943 61,568  541,600  -- 162,164  (135,236) 1,235,839 
Fidelity Advisor Series Small Cap Fund 1,088,957 61,608  265,174  -- 17,034  32,594 935,019 
Fidelity Series All-Sector Equity Fund 989,640 60,583  179,816  -- 14,319  35,484 920,210 
Fidelity Series Canada Fund 463,666 167,682  51,173  -- 49  41,673 621,897 
Fidelity Series Commodity Strategy Fund 5,210,189 3,584,115  689,072  69,878 (95,678 ) (191,423) 7,818,131 
Fidelity Series Emerging Markets Debt Fund 1,713,377 131,966  139,496  51,197  (448) (33,503) 1,671,896 
Fidelity Series Emerging Markets Fund 816,980 187,467  73,237  -- (2,524 ) (47,306) 881,380 
Fidelity Series Emerging Markets Opportunities Fund 7,625,209 2,112,678  744,522  -- (7,029 ) 40,363 9,026,699 
Fidelity Series Floating Rate High Income Fund 371,523 28,338  29,871  11,031  (478 ) 1,225 370,737 
Fidelity Series Government Money Market Fund 2.07% 40,063,769 5,963,524  3,851,894  488,325  -- -- 42,175,399 
Fidelity Series High Income Fund 1,979,688 139,017  481,540  55,332  4,556  14,001 1,655,722 
Fidelity Series Inflation-Protected Bond Index Fund 29,612,624 2,276,028  5,842,438  59,842 63,821  874,644 26,984,679 
Fidelity Series International Credit Fund 116,665 1,550 -- 1,550 -- 6,916 125,131 
Fidelity Series International Growth Fund 5,299,749 269,309  465,554  -- 11,226  395,599 5,510,329 
Fidelity Series International Small Cap Fund 1,285,533 64,311  110,440  -- (2,132 ) 51,423 1,288,695 
Fidelity Series International Value Fund 5,092,008 379,713  465,554  -- (8,498 ) 111,558  5,109,227 
Fidelity Series Investment Grade Bond Fund 84,271,921 7,308,096  7,716,870  1,332,694  52,022  3,107,747  87,022,916 
Fidelity Series Large Cap Stock Fund 4,132,298 456,488  1,203,254  168,874 113,484  (137,899) 3,361,117 
Fidelity Series Large Cap Value Index Fund 458,775 17,866  132,949  -- 22,866  (475) 366,083 
Fidelity Series Long-Term Treasury Bond Index Fund 10,268,926 553,668  6,074,638  124,725  538,028  522,562 5,808,546 
Fidelity Series Opportunistic Insights Fund 2,237,855 87,044  653,657  -- 137,163  (55,867) 1,752,538 
Fidelity Series Overseas Fund -- 1,823,286  -- -- -- 21,415 1,844,701 
Fidelity Series Real Estate Income Fund 1,120,004 97,020  94,132  42,258 1,528  29,897 1,154,317 
Fidelity Series Short-Term Credit Fund 10,063,420 1,344,395  947,951  141,205  791  111,429 10,572,084 
Fidelity Series Small Cap Opportunities Fund 1,396,674 152,261  300,648  73,691 59,036  (106,515) 1,200,808 
Fidelity Series Stock Selector Large Cap Value Fund 2,729,219 165,794  833,116  -- 47,538  95,177 2,204,612 
Fidelity Series Value Discovery Fund 2,677,903 189,665  743,013  -- 81,317  19,850 2,225,722 
Total $225,226,078 $27,778,370  $33,371,830  $2,620,602  $1,396,571  $4,714,704 $225,743,893 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $109,667 $-- $109,667 $-- 
Domestic Equity Funds 23,919,538 23,919,538 -- -- 
International Equity Funds 24,282,928 24,282,928 -- -- 
Bond Funds 124,793,944 124,793,944 -- -- 
Short-Term Funds 53,071,164 53,071,164 -- -- 
Total Investments in Securities: $226,177,241 $226,067,574 $109,667 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $3,040 $3,040 $-- $-- 
Total Assets $3,040 $3,040 $-- $-- 
Liabilities     
Futures Contracts $(20,290) $(20,290) $-- $-- 
Total Liabilities $(20,290) $(20,290) $-- $-- 
Total Derivative Instruments: $(17,250) $(17,250) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $3,040 $(20,290) 
Total Equity Risk 3,040 (20,290) 
Total Value of Derivatives $3,040 $(20,290) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $109,642) 
$109,667  
Fidelity Central Funds (cost $323,681) 323,681  
Other affiliated issuers (cost $211,111,544) 225,743,893  
Total Investment in Securities (cost $211,544,867)  $226,177,241 
Cash  5,891 
Receivable for investments sold  1,611,659 
Receivable for fund shares sold  73,756 
Distributions receivable from Fidelity Central Funds  431 
Receivable for daily variation margin on futures contracts  9,436 
Total assets  227,878,414 
Liabilities   
Payable for investments purchased $645,618  
Payable for fund shares redeemed 1,039,799  
Accrued management fee 86,017  
Distribution and service plan fees payable 38,085  
Total liabilities  1,809,519 
Net Assets  $226,068,895 
Net Assets consist of:   
Paid in capital  $209,879,912 
Total accumulated earnings (loss)  16,188,983 
Net Assets  $226,068,895 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($69,386,182 ÷ 6,314,768 shares)(a)  $10.99 
Maximum offering price per share (100/94.25 of $10.99)  $11.66 
Class M:   
Net Asset Value and redemption price per share ($40,787,343 ÷ 3,716,248 shares)(a)  $10.98 
Maximum offering price per share (100/96.50 of $10.98)  $11.38 
Class C:   
Net Asset Value and offering price per share ($8,095,641 ÷ 738,597 shares)(a)  $10.96 
Class I:   
Net Asset Value, offering price and redemption price per share ($83,420,458 ÷ 7,566,453 shares)  $11.03 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,701,588 ÷ 245,222 shares)  $11.02 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($21,677,683 ÷ 1,968,592 shares)  $11.01 

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

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


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,451,740 
Interest  886 
Income from Fidelity Central Funds  2,962 
Total income  2,455,588 
Expenses   
Management fee $515,271  
Distribution and service plan fees 227,274  
Independent trustees' fees and expenses 456  
Total expenses before reductions 743,001  
Expense reductions (128)  
Total expenses after reductions  742,873 
Net investment income (loss)  1,712,715 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 173  
Affiliated issuers 1,396,571  
Futures contracts 144,547  
Net gain from Affiliate 256,414  
Capital gain distributions from underlying funds:   
Affiliated issuers 168,862  
Total net realized gain (loss)  1,966,567 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 22  
Affiliated issuers 4,714,704  
Futures contracts 11,850  
Total change in net unrealized appreciation (depreciation)  4,726,576 
Net gain (loss)  6,693,143 
Net increase (decrease) in net assets resulting from operations  $8,405,858 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,712,715 $4,198,410 
Net realized gain (loss) 1,966,567 6,375,083 
Change in net unrealized appreciation (depreciation) 4,726,576 (3,697,575) 
Net increase (decrease) in net assets resulting from operations 8,405,858 6,875,918 
Distributions to shareholders (3,694,202) (11,867,536) 
Share transactions - net increase (decrease) (4,195,737) 17,057,074 
Total increase (decrease) in net assets 515,919 12,065,456 
Net Assets   
Beginning of period 225,552,976 213,487,520 
End of period $226,068,895 $225,552,976 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $10.76 $11.01 $10.94 $10.64 $11.07 $11.20 
Income from Investment Operations       
Net investment income (loss)A .08 .20 .15 .16 .18 .16 
Net realized and unrealized gain (loss) .32B .12 .34 .44 (.25) .24 
Total from investment operations .40 .32 .49 .60 (.07) .40 
Distributions from net investment income (.08) (.19) (.15) (.16)C (.18) (.17) 
Distributions from net realized gain (.10) (.38) (.26) (.14)C (.19) (.36) 
Total distributions (.17)D (.57) (.42)E (.30) (.36)F (.53) 
Net asset value, end of period $10.99 $10.76 $11.01 $10.94 $10.64 $11.07 
Total ReturnG,H,I 3.78%B 3.14% 4.47% 5.74% (.59)% 3.65% 
Ratios to Average Net AssetsJ,K       
Expenses before reductions .72%L .71%M .63% .25% .25% .25% 
Expenses net of fee waivers, if any .72%L .71%M .63% .25% .25% .25% 
Expenses net of all reductions .71%L .71%M .63% .25% .25% .25% 
Net investment income (loss) 1.44%L 1.84% 1.38% 1.47% 1.63% 1.48% 
Supplemental Data       
Net assets, end of period (000 omitted) $69,386 $69,817 $76,141 $87,983 $99,211 $124,755 
Portfolio turnover rateK 24%L 36% 21% 38% 30% 38% 

 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 3.67%.

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

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.097 per share.

 E Total distributions of $.42 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.263 per share.

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

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

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

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

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

 K Amounts do not include the activity of Underlying Funds.

 L Annualized

 M 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $10.74 $11.00 $10.93 $10.62 $11.06 $11.19 
Income from Investment Operations       
Net investment income (loss)A .06 .17 .13 .13 .15 .14 
Net realized and unrealized gain (loss) .34B .12 .33 .45 (.25) .23 
Total from investment operations .40 .29 .46 .58 (.10) .37 
Distributions from net investment income (.06) (.17) (.13) (.13)C (.15) (.14) 
Distributions from net realized gain (.10) (.38) (.26) (.14)C (.19) (.36) 
Total distributions (.16) (.55) (.39) (.27) (.34) (.50) 
Net asset value, end of period $10.98 $10.74 $11.00 $10.93 $10.62 $11.06 
Total ReturnD,E,F 3.76%B 2.78% 4.22% 5.56% (.93)% 3.39% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .96%I,J .96%J .89% .50% .50% .50% 
Expenses net of fee waivers, if any .96%I,J .96%J .89% .50% .50% .50% 
Expenses net of all reductions .96%I,J .96%J .89% .50% .50% .50% 
Net investment income (loss) 1.19%I 1.59% 1.13% 1.22% 1.38% 1.23% 
Supplemental Data       
Net assets, end of period (000 omitted) $40,787 $38,059 $38,204 $38,513 $42,887 $47,804 
Portfolio turnover rateH 24%I 36% 21% 38% 30% 38% 

 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 3.64%.

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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


Fidelity Advisor Freedom Income Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $10.73 $10.98 $10.91 $10.61 $11.04 $11.17 
Income from Investment Operations       
Net investment income (loss)A .04 .12 .07 .08 .09 .08 
Net realized and unrealized gain (loss) .32B .12 .33 .44 (.24) .24 
Total from investment operations .36 .24 .40 .52 (.15) .32 
Distributions from net investment income (.03) (.11) (.07) (.08)C (.10) (.09) 
Distributions from net realized gain (.10) (.38) (.26) (.14)C (.19) (.36) 
Total distributions (.13) (.49) (.33) (.22) (.28)D (.45) 
Net asset value, end of period $10.96 $10.73 $10.98 $10.91 $10.61 $11.04 
Total ReturnE,F,G 3.36%B 2.35% 3.69% 4.99% (1.35)% 2.90% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.46%J,K 1.46%K 1.39% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.46%J,K 1.46%K 1.39% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.46%J,K 1.46%K 1.39% 1.00% 1.00% 1.00% 
Net investment income (loss) .70%J 1.09% .63% .72% .88% .73% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,096 $8,915 $13,727 $14,434 $14,712 $15,780 
Portfolio turnover rateI 24%J 36% 21% 38% 30% 38% 

 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 3.25%.

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

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

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

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

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

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

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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

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


Fidelity Advisor Freedom Income Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $10.79 $11.05 $10.98 $10.67 $11.10 $11.23 
Income from Investment Operations       
Net investment income (loss)A .09 .23 .18 .19 .20 .19 
Net realized and unrealized gain (loss) .34B .11 .33 .45 (.24) .24 
Total from investment operations .43 .34 .51 .64 (.04) .43 
Distributions from net investment income (.09) (.22) (.18) (.19)C (.20) (.19) 
Distributions from net realized gain (.10) (.38) (.26) (.14)C (.19) (.36) 
Total distributions (.19) (.60) (.44) (.33) (.39) (.56)D 
Net asset value, end of period $11.03 $10.79 $11.05 $10.98 $10.67 $11.10 
Total ReturnE,F 3.99%B 3.30% 4.70% 6.07% (.34)% 3.89% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .47%I .46%J .39% - %K - %K - %K 
Expenses net of fee waivers, if any .47%I .46%J .39% -% -% -% 
Expenses net of all reductions .47%I .46%J .39% -% -% -% 
Net investment income (loss) 1.69%I 2.09% 1.63% 1.72% 1.88% 1.73% 
Supplemental Data       
Net assets, end of period (000 omitted) $83,420 $82,975 $83,723 $81,839 $83,497 $83,253 
Portfolio turnover rateH 24%I 36% 21% 38% 30% 38% 

 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 3.87%.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

 K 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.79 $10.91 
Income from Investment Operations   
Net investment income (loss)B .09 .24 
Net realized and unrealized gain (loss) .33C .01 
Total from investment operations .42 .25 
Distributions from net investment income (.09) (.15) 
Distributions from net realized gain (.10) (.22) 
Total distributions (.19) (.37) 
Net asset value, end of period $11.02 $10.79 
Total ReturnD,E 3.94%C 2.47% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .42%H .42%H 
Expenses net of fee waivers, if any .42%H .42%H 
Expenses net of all reductions .42%H .42%H 
Net investment income (loss) 1.74%H 4.60%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,702 $765 
Portfolio turnover rateG 24%H 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 $0.02 per share. Excluding this gain, the total return would have been 3.80%.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.78 $11.04 $11.09 
Income from Investment Operations    
Net investment income (loss)B .10 .23 .27 
Net realized and unrealized gain (loss) .32C .13 .03 
Total from investment operations .42 .36 .30 
Distributions from net investment income (.09) (.24) (.16) 
Distributions from net realized gain (.10) (.38) (.19) 
Total distributions (.19) (.62) (.35) 
Net asset value, end of period $11.01 $10.78 $11.04 
Total ReturnD,E 3.95%C 3.48% 2.69% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .36%H,I .37% .37%H 
Expenses net of fee waivers, if any .36%H,I .37% .37%H 
Expenses net of all reductions .36%H,I .37% .37%H 
Net investment income (loss) 1.79%H 2.19% 2.92%H 
Supplemental Data    
Net assets, end of period (000 omitted) $21,678 $25,022 $1,693 
Portfolio turnover rateG 24%H 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 3.85%.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 36.0 
Fidelity Series Government Money Market Fund 2.07% 15.9 
Fidelity Series Inflation-Protected Bond Index Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 4.5 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Commodity Strategy Fund 3.4 
Fidelity Series International Growth Fund 3.2 
Fidelity Series International Value Fund 3.0 
Fidelity Series Long-Term Treasury Bond Index Fund 2.6 
Fidelity Series Large Cap Stock Fund 2.5 
 85.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.2% 
   International Equity Funds 13.2% 
   Bond Funds 51.5% 
   Short-Term Funds 20.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Advisor Freedom® 2005 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.93% to 2.03% 10/31/19 to 12/5/19(a)   
(Cost $99,692) 100,000 99,714 
 Shares Value 
Domestic Equity Funds - 15.2%   
Fidelity Advisor Series Equity Growth Fund (b) 160,695 $2,322,040 
Fidelity Advisor Series Growth Opportunities Fund (b) 102,975 1,497,263 
Fidelity Advisor Series Small Cap Fund (b) 106,327 1,166,411 
Fidelity Series All-Sector Equity Fund (b) 107,206 1,085,995 
Fidelity Series Commodity Strategy Fund (b) 1,259,334 5,780,343 
Fidelity Series Large Cap Stock Fund (b) 284,199 4,118,044 
Fidelity Series Large Cap Value Index Fund (b) 35,213 459,887 
Fidelity Series Opportunistic Insights Fund (b) 118,747 2,139,820 
Fidelity Series Small Cap Opportunities Fund (b) 112,620 1,449,423 
Fidelity Series Stock Selector Large Cap Value Fund (b) 216,588 2,700,847 
Fidelity Series Value Discovery Fund (b) 208,940 2,718,308 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $21,162,129)  25,438,381 
International Equity Funds - 13.2%   
Fidelity Series Canada Fund (b) 54,303 601,133 
Fidelity Series Emerging Markets Fund (b) 78,922 726,875 
Fidelity Series Emerging Markets Opportunities Fund (b) 408,445 7,588,909 
Fidelity Series International Growth Fund (b) 330,539 5,410,925 
Fidelity Series International Small Cap Fund (b) 70,812 1,142,898 
Fidelity Series International Value Fund (b) 523,026 4,968,746 
Fidelity Series Overseas Fund (b) 165,093 1,637,722 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $17,177,012)  22,077,208 
Bond Funds - 51.5%   
Fidelity Series Emerging Markets Debt Fund (b) 136,275 1,280,989 
Fidelity Series Floating Rate High Income Fund (b) 30,590 284,180 
Fidelity Series High Income Fund (b) 128,903 1,224,578 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,772,304 17,864,828 
Fidelity Series International Credit Fund (b) 11,358 118,923 
Fidelity Series Investment Grade Bond Fund (b) 5,180,427 60,092,952 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 429,012 4,294,405 
Fidelity Series Real Estate Income Fund (b) 76,492 857,471 
TOTAL BOND FUNDS   
(Cost $81,310,577)  86,018,326 
Short-Term Funds - 20.1%   
Fidelity Cash Central Fund 1.96% (c) 216,303 216,346 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 26,586,386 26,586,386 
Fidelity Series Short-Term Credit Fund (b) 664,919 6,702,385 
TOTAL SHORT-TERM FUNDS   
(Cost $33,421,672)  33,505,117 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $153,171,082)  167,138,746 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (88,134) 
NET ASSETS - 100%  $167,050,612 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $148,925 $560 $560 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2019 400,760 (13,529) (13,529) 
TOTAL PURCHASED     (12,969) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) Dec. 2019 474,600 2,157 2,158 
TOTAL FUTURES CONTRACTS     $(10,811) 

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

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

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 $99,714.

 (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 $2,710 
Total $2,710 

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

Affiliated Underlying Funds

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

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor Series Equity Growth Fund $2,870,805 $153,285 $815,186 $-- $204,859 $(91,723) $2,322,040 
Fidelity Advisor Series Growth Opportunities Fund 1,941,632 102,084 575,057 -- 160,101 (131,497) 1,497,263 
Fidelity Advisor Series Small Cap Fund 1,316,124 86,390 297,221 -- 18,615 42,503 1,166,411 
Fidelity Series All-Sector Equity Fund 1,208,342 83,356 266,924 -- 8,767 52,454 1,085,995 
Fidelity Series Canada Fund 491,028 115,564 46,054 -- (16) 40,611 601,133 
Fidelity Series Commodity Strategy Fund 3,777,399 2,632,879 413,886 51,317 (4,496) (211,553) 5,780,343 
Fidelity Series Emerging Markets Debt Fund 1,296,523 106,642 96,126 39,256 (417) (25,633) 1,280,989 
Fidelity Series Emerging Markets Fund 747,394 85,543 59,006 -- (1,837) (45,219) 726,875 
Fidelity Series Emerging Markets Opportunities Fund 6,978,846 1,240,353 649,538 -- 26,124 (6,876) 7,588,909 
Fidelity Series Floating Rate High Income Fund 281,244 22,900 20,520 8,460 (75) 631 284,180 
Fidelity Series Government Money Market Fund 2.07% 24,410,293 4,261,510 2,085,417 305,344 -- -- 26,586,386 
Fidelity Series High Income Fund 1,422,298 112,872 324,253 40,947 6,491 7,170 1,224,578 
Fidelity Series Inflation-Protected Bond Index Fund 18,540,350 1,860,799 3,135,356 38,476 51,271 547,764 17,864,828 
Fidelity Series International Credit Fund 110,876 1,474 -- 1,474 -- 6,573 118,923 
Fidelity Series International Growth Fund 5,140,697 294,166 423,075 -- 50,677 348,460 5,410,925 
Fidelity Series International Small Cap Fund 1,214,064 70,837 189,452 -- 17,031 30,418 1,142,898 
Fidelity Series International Value Fund 4,966,505 294,165 395,230 -- 1,963 101,343 4,968,746 
Fidelity Series Investment Grade Bond Fund 56,274,393 5,719,540 4,081,263 914,599 27,328 2,152,954 60,092,952 
Fidelity Series Large Cap Stock Fund 4,904,833 538,441 1,296,105 206,215 133,463 (162,588) 4,118,044 
Fidelity Series Large Cap Value Index Fund 563,882 28,793 159,306 -- 27,899 (1,381) 459,887 
Fidelity Series Long-Term Treasury Bond Index Fund 7,760,695 448,600 4,729,847 95,553 433,762 381,195 4,294,405 
Fidelity Series Opportunistic Insights Fund 2,678,749 142,980 780,123 -- 275,872 (177,658) 2,139,820 
Fidelity Series Overseas Fund -- 1,615,160 -- -- -- 22,562 1,637,722 
Fidelity Series Real Estate Income Fund 821,696 76,809 64,298 31,566 624 22,640 857,471 
Fidelity Series Short-Term Credit Fund 6,045,818 1,114,040 527,265 87,430 854 68,938 6,702,385 
Fidelity Series Small Cap Opportunities Fund 1,690,691 206,595 391,114 89,443 122,139 (178,888) 1,449,423 
Fidelity Series Stock Selector Large Cap Value Fund 3,223,692 204,934 900,369 -- 86,239 86,351 2,700,847 
Fidelity Series Value Discovery Fund 3,185,718 234,084 825,130 -- 108,502 15,134 2,718,308 
 $163,864,587 $21,854,795 $23,547,121 $1,910,080 $1,755,740 $2,894,685 $166,822,686 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments and Net Other Assets $99,714 $-- $99,714 $-- 
Domestic Equity Funds 25,438,381 25,438,381 -- -- 
International Equity Funds 22,077,208 22,077,208 -- -- 
Bond Funds 86,018,326 86,018,326 -- -- 
Short-Term Funds 33,505,117 33,505,117 -- -- 
Total Investments in Securities: $167,138,746 $167,039,032 $99,714 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $2,718 $2,718 $-- $-- 
Total Assets $2,718 $2,718 $-- $-- 
Liabilities     
Futures Contracts $(13,529) $(13,529) $-- $-- 
Total Liabilities $(13,529) $(13,529) $-- $-- 
Total Derivative Instruments: $(10,811) $(10,811) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $2,718 $(13,529) 
Total Equity Risk 2,718 (13,529) 
Total Value of Derivatives $2,718 $(13,529) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $99,692) 
$99,714  
Fidelity Central Funds (cost $216,346) 216,346  
Other affiliated issuers (cost $152,855,044) 166,822,686  
Total Investment in Securities (cost $153,171,082)  $167,138,746 
Cash  51 
Receivable for investments sold  919,004 
Receivable for fund shares sold  61,585 
Distributions receivable from Fidelity Central Funds  295 
Receivable for daily variation margin on futures contracts  7,312 
Total assets  168,126,993 
Liabilities   
Payable for investments purchased $617,097  
Payable for fund shares redeemed 363,494  
Accrued management fee 66,060  
Distribution and service plan fees payable 29,730  
Total liabilities  1,076,381 
Net Assets  $167,050,612 
Net Assets consist of:   
Paid in capital  $150,227,942 
Total accumulated earnings (loss)  16,822,670 
Net Assets  $167,050,612 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($85,696,679 ÷ 7,392,705 shares)(a)  $11.59 
Maximum offering price per share (100/94.25 of $11.59)  $12.30 
Class M:   
Net Asset Value and redemption price per share ($24,587,688 ÷ 2,125,170 shares)(a)  $11.57 
Maximum offering price per share (100/96.50 of $11.57)  $11.99 
Class C:   
Net Asset Value and offering price per share ($1,757,269 ÷ 151,809 shares)(a)  $11.58 
Class I:   
Net Asset Value, offering price and redemption price per share ($51,045,666 ÷ 4,367,196 shares)  $11.69 
Class Z:   
Net Asset Value, offering price and redemption price per share ($2,088,803 ÷ 179,453 shares)  $11.64 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($1,874,507 ÷ 160,706 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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,708,541 
Interest  761 
Income from Fidelity Central Funds  2,710 
Total income  1,712,012 
Expenses   
Management fee $397,443  
Distribution and service plan fees 181,435  
Independent trustees' fees and expenses 337  
Total expenses before reductions 579,215  
Expense reductions (124)  
Total expenses after reductions  579,091 
Net investment income (loss)  1,132,921 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 241  
Affiliated issuers 1,755,740  
Futures contracts 129,124  
Capital gain distributions from underlying funds:   
Affiliated issuers 201,539  
Total net realized gain (loss)  2,086,644 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 20  
Affiliated issuers 2,894,685  
Futures contracts 8,382  
Total change in net unrealized appreciation (depreciation)  2,903,087 
Net gain (loss)  4,989,731 
Net increase (decrease) in net assets resulting from operations  $6,122,652 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,132,921 $3,298,681 
Net realized gain (loss) 2,086,644 7,782,821 
Change in net unrealized appreciation (depreciation) 2,903,087 (6,171,302) 
Net increase (decrease) in net assets resulting from operations 6,122,652 4,910,200 
Distributions to shareholders (2,665,112) (13,484,722) 
Share transactions - net increase (decrease) (809,571) (21,054,341) 
Total increase (decrease) in net assets 2,647,969 (29,628,863) 
Net Assets   
Beginning of period 164,402,643 194,031,506 
End of period $167,050,612 $164,402,643 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.36 $11.92 $11.84 $11.44 $12.10 $12.17 
Income from Investment Operations       
Net investment income (loss)A .07 .21 .16 .17 .19 .19 
Net realized and unrealized gain (loss) .34 .14 .53 .67 (.34) .36 
Total from investment operations .41 .35 .69 .84 (.15) .55 
Distributions from net investment income (.03) (.22) (.17) (.19)B (.20) (.19) 
Distributions from net realized gain (.15) (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.18) (.91)C (.61) (.44) (.51)D (.62)E 
Net asset value, end of period $11.59 $11.36 $11.92 $11.84 $11.44 $12.10 
Total ReturnF,G,H 3.67% 3.24% 5.87% 7.55% (1.23)% 4.60% 
Ratios to Average Net AssetsI,J       
Expenses before reductions .72%K .73% .66% .25% .25% .25% 
Expenses net of fee waivers, if any .72%K .73% .66% .25% .25% .25% 
Expenses net of all reductions .72%K .73% .66% .25% .25% .25% 
Net investment income (loss) 1.31%K 1.80% 1.34% 1.46% 1.62% 1.54% 
Supplemental Data       
Net assets, end of period (000 omitted) $85,697 $86,981 $101,642 $118,902 $134,262 $162,069 
Portfolio turnover rateJ 26%K 28% 20% 32% 30% 29% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.91 per share is comprised of distributions from net investment income of $.222 and distributions from net realized gain of $.683 per share.

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

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

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

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

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

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

 J Amounts do not include the activity of Underlying Funds.

 K Annualized

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


Fidelity Advisor Freedom 2005 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.35 $11.91 $11.83 $11.43 $12.09 $12.16 
Income from Investment Operations       
Net investment income (loss)A .06 .18 .13 .14 .16 .16 
Net realized and unrealized gain (loss) .33 .14 .53 .67 (.33) .35 
Total from investment operations .39 .32 .66 .81 (.17) .51 
Distributions from net investment income (.02) (.19) (.14) (.16)B (.17) (.16) 
Distributions from net realized gain (.15) (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.17) (.88)C (.58) (.41) (.49) (.58) 
Net asset value, end of period $11.57 $11.35 $11.91 $11.83 $11.43 $12.09 
Total ReturnD,E,F 3.51% 2.98% 5.64% 7.29% (1.45)% 4.33% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .97%I .98% .91% .50% .50% .50% 
Expenses net of fee waivers, if any .97%I .98% .91% .50% .50% .50% 
Expenses net of all reductions .97%I .98% .91% .50% .50% .50% 
Net investment income (loss) 1.06%I 1.55% 1.08% 1.21% 1.37% 1.29% 
Supplemental Data       
Net assets, end of period (000 omitted) $24,588 $24,132 $25,730 $27,091 $29,347 $29,246 
Portfolio turnover rateH 26%I 28% 20% 32% 30% 29% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.88 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.683 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Advisor Freedom 2005 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.35 $11.91 $11.81 $11.41 $12.06 $12.14 
Income from Investment Operations       
Net investment income (loss)A .03 .12 .07 .08 .10 .10 
Net realized and unrealized gain (loss) .35 .13 .54 .67 (.33) .34 
Total from investment operations .38 .25 .61 .75 (.23) .44 
Distributions from net investment income – (.12) (.07) (.10)B (.10) (.10) 
Distributions from net realized gain (.15) (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.15) (.81)C (.51) (.35) (.42) (.52) 
Net asset value, end of period $11.58 $11.35 $11.91 $11.81 $11.41 $12.06 
Total ReturnD,E,F 3.38% 2.35% 5.21% 6.75% (1.98)% 3.73% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.47%I 1.48% 1.41% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.47%I 1.48% 1.41% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.47%I 1.48% 1.41% 1.00% 1.00% 1.00% 
Net investment income (loss) .57%I 1.05% .58% .71% .87% .79% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,757 $2,302 $5,867 $5,623 $6,200 $7,410 
Portfolio turnover rateH 26%I 28% 20% 32% 30% 29% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.81 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.683 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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


Fidelity Advisor Freedom 2005 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.45 $12.00 $11.92 $11.51 $12.18 $12.25 
Income from Investment Operations       
Net investment income (loss)A .09 .24 .19 .20 .22 .22 
Net realized and unrealized gain (loss) .34 .14 .54 .68 (.34) .36 
Total from investment operations .43 .38 .73 .88 (.12) .58 
Distributions from net investment income (.04) (.25) (.20) (.22)B (.23) (.23) 
Distributions from net realized gain (.15) (.68) (.44) (.25)B (.32) (.42) 
Total distributions (.19) (.93) (.65)C (.47) (.55) (.65) 
Net asset value, end of period $11.69 $11.45 $12.00 $11.92 $11.51 $12.18 
Total ReturnD,E 3.78% 3.53% 6.13% 7.87% (1.04)% 4.85% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .47%H .48% .41% - %I - %I - %I 
Expenses net of fee waivers, if any .47%H .48% .41% -% -% -% 
Expenses net of all reductions .47%H .48% .41% -% -% -% 
Net investment income (loss) 1.56%H 2.05% 1.58% 1.71% 1.87% 1.79% 
Supplemental Data       
Net assets, end of period (000 omitted) $51,046 $49,013 $59,386 $58,940 $61,440 $66,255 
Portfolio turnover rateG 26%H 28% 20% 32% 30% 29% 

 A Calculated based on average shares outstanding during the period.

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

 C Total distributions of $.65 per share is comprised of distributions from net investment income of $.203 and distributions from net realized gain of $.443 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount represents less than .005%.

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


Fidelity Advisor Freedom 2005 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.41 $11.84 
Income from Investment Operations   
Net investment income (loss)B .09 .20 
Net realized and unrealized gain (loss) .34 .01 
Total from investment operations .43 .21 
Distributions from net investment income (.05) (.26) 
Distributions from net realized gain (.15) (.39) 
Total distributions (.20) (.64)C 
Net asset value, end of period $11.64 $11.41 
Total ReturnD,E 3.83% 2.09% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .42%H .43%H 
Expenses net of fee waivers, if any .42%H .43%H 
Expenses net of all reductions .42%H .43%H 
Net investment income (loss) 1.61%H 3.58%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,089 $126 
Portfolio turnover rateG 26%H 28% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.64 per share is comprised of distributions from net investment income of $.256 and distributions from net realized gain of $.385 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.42 $12.00 $12.04 
Income from Investment Operations    
Net investment income (loss)B .10 .25 .13 
Net realized and unrealized gain (loss) .33 .13 .33 
Total from investment operations .43 .38 .46 
Distributions from net investment income (.04) (.28) (.19) 
Distributions from net realized gain (.15) (.68) (.31) 
Total distributions (.19) (.96) (.50) 
Net asset value, end of period $11.66 $11.42 $12.00 
Total ReturnC,D 3.83% 3.53% 3.78% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .37%G .37% .39%G,H 
Expenses net of fee waivers, if any .37%G .37% .39%G,H 
Expenses net of all reductions .37%G .37% .39%G,H 
Net investment income (loss) 1.66%G 2.16% 1.30%G 
Supplemental Data    
Net assets, end of period (000 omitted) $1,875 $1,849 $1,408 
Portfolio turnover rateF 26%G 28% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

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

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

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

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Advisor Freedom® 2010 Fund

Investment Summary (Unaudited)

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

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 32.5 
Fidelity Series Government Money Market Fund 2.07% 12.6 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Emerging Markets Opportunities Fund 5.3 
Fidelity Series International Growth Fund 4.2 
Fidelity Series International Value Fund 3.9 
Fidelity Series Large Cap Stock Fund 3.7 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Short-Term Credit Fund 3.2 
Fidelity Series Long-Term Treasury Bond Index Fund 2.6 
 80.7 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 21.1% 
   International Equity Funds 16.5% 
   Bond Funds 46.5% 
   Short-Term Funds 15.9% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Advisor Freedom® 2010 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.93% to 1.98% 10/31/19 to 12/5/19(a)   
(Cost $219,330) 220,000 219,379 
 Shares Value 
Domestic Equity Funds - 21.1%   
Fidelity Advisor Series Equity Growth Fund (b) 593,326 $8,573,562 
Fidelity Advisor Series Growth Opportunities Fund (b) 379,513 5,518,120 
Fidelity Advisor Series Small Cap Fund (b) 373,744 4,099,974 
Fidelity Series All-Sector Equity Fund (b) 394,904 4,000,374 
Fidelity Series Commodity Strategy Fund (b) 3,081,926 14,146,042 
Fidelity Series Large Cap Stock Fund (b) 1,047,789 15,182,465 
Fidelity Series Large Cap Value Index Fund (b) 127,790 1,668,932 
Fidelity Series Opportunistic Insights Fund (b) 438,328 7,898,678 
Fidelity Series Small Cap Opportunities Fund (b) 410,626 5,284,756 
Fidelity Series Stock Selector Large Cap Value Fund (b) 794,702 9,909,934 
Fidelity Series Value Discovery Fund (b) 753,267 9,799,998 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $70,673,905)  86,082,835 
International Equity Funds - 16.5%   
Fidelity Series Canada Fund (b) 172,075 1,904,865 
Fidelity Series Emerging Markets Fund (b) 241,203 2,221,484 
Fidelity Series Emerging Markets Opportunities Fund (b) 1,172,067 21,777,003 
Fidelity Series International Growth Fund (b) 1,042,383 17,063,813 
Fidelity Series International Small Cap Fund (b) 218,604 3,528,261 
Fidelity Series International Value Fund (b) 1,692,951 16,083,038 
Fidelity Series Overseas Fund (b) 490,045 4,861,248 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $53,313,047)  67,439,712 
Bond Funds - 46.5%   
Fidelity Series Emerging Markets Debt Fund (b) 327,793 3,081,257 
Fidelity Series Floating Rate High Income Fund (b) 75,193 698,543 
Fidelity Series High Income Fund (b) 315,477 2,997,028 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,740,209 37,701,308 
Fidelity Series International Credit Fund (b) 27,297 285,799 
Fidelity Series Investment Grade Bond Fund (b) 11,436,309 132,661,191 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,049,987 10,510,372 
Fidelity Series Real Estate Income Fund (b) 186,756 2,093,532 
TOTAL BOND FUNDS   
(Cost $178,865,417)  190,029,030 
Short-Term Funds - 15.9%   
Fidelity Cash Central Fund 1.96% (c) 592,556 592,674 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 51,484,485 51,484,485 
Fidelity Series Short-Term Credit Fund (b) 1,286,983 12,972,788 
TOTAL SHORT-TERM FUNDS   
(Cost $64,898,435)  65,049,947 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $367,970,134)  408,820,903 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (234,739) 
NET ASSETS - 100%  $408,586,164 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $446,775 $(2,879) $(2,879) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 17 Dec. 2019 851,615 (28,664) (28,664) 
TOTAL PURCHASED     (31,543) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 10 Dec. 2019 949,200 6,929 6,929 
TOTAL FUTURES CONTRACTS     $(24,614) 

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

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

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 $219,379.

 (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 $6,973 
Total $6,973 

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 $10,589,589 $207,870 $2,629,600 $-- $723,951 $(318,248) $8,573,562 
Fidelity Advisor Series Growth Opportunities Fund 7,119,050 137,526 1,834,539 -- 568,979 (472,896) 5,518,120 
Fidelity Advisor Series Small Cap Fund 4,811,119 123,594 1,052,788 -- 75,882 142,167 4,099,974 
Fidelity Series All-Sector Equity Fund 4,851,607 126,382 1,217,338 -- (1,508) 241,231 4,000,374 
Fidelity Series Canada Fund 1,734,835 194,278 154,663 -- (20) 130,435 1,904,865 
Fidelity Series Commodity Strategy Fund 9,678,863 6,244,604 1,242,571 125,310 (37,951) (496,903) 14,146,042 
Fidelity Series Emerging Markets Debt Fund 3,245,175 157,104 258,609 95,454 (7,579) (54,834) 3,081,257 
Fidelity Series Emerging Markets Fund 2,308,362 257,957 202,394 -- (4,511) (137,930) 2,221,484 
Fidelity Series Emerging Markets Opportunities Fund 21,744,347 2,214,508 2,227,122 -- 135,860 (90,590) 21,777,003 
Fidelity Series Floating Rate High Income Fund 718,068 34,220 55,302 21,008 (2,518) 4,075 698,543 
Fidelity Series Government Money Market Fund 2.07% 49,067,687 7,744,171 5,327,373 598,806 -- -- 51,484,485 
Fidelity Series High Income Fund 3,675,571 163,722 875,833 101,191 (44,172) 77,740 2,997,028 
Fidelity Series Inflation-Protected Bond Index Fund 38,597,841 2,891,186 4,990,642 78,508 31,775 1,171,148 37,701,308 
Fidelity Series International Credit Fund 266,462 3,541 -- 3,541 -- 15,796 285,799 
Fidelity Series International Growth Fund 16,910,342 346,599 1,472,159 -- 211,366 1,067,665 17,063,813 
Fidelity Series International Small Cap Fund 3,943,868 201,760 769,569 -- 100,545 51,657 3,528,261 
Fidelity Series International Value Fund 16,245,843 778,231 1,294,045 -- (1,470) 354,479 16,083,038 
Fidelity Series Investment Grade Bond Fund 128,120,489 12,604,647 12,886,961 2,029,710 73,280 4,749,736 132,661,191 
Fidelity Series Large Cap Stock Fund 18,186,395 1,201,208 4,091,534 758,964 501,526 (615,130) 15,182,465 
Fidelity Series Large Cap Value Index Fund 2,037,509 39,175 502,861 -- 99,133 (4,024) 1,668,932 
Fidelity Series Long-Term Treasury Bond Index Fund 20,645,323 641,858 12,858,326 246,640 1,120,950 960,567 10,510,372 
Fidelity Series Opportunistic Insights Fund 9,874,029 193,920 2,519,889 -- 769,877 (419,259) 7,898,678 
Fidelity Series Overseas Fund -- 4,798,445 -- -- -- 62,803 4,861,248 
Fidelity Series Real Estate Income Fund 2,090,573 118,777 173,408 77,347 9,223 48,367 2,093,532 
Fidelity Series Short-Term Credit Fund 12,149,751 1,907,966 1,221,607 171,186 2,073 134,605 12,972,788 
Fidelity Series Small Cap Opportunities Fund 6,170,773 511,060 1,177,956 330,377 305,842 (524,963) 5,284,756 
Fidelity Series Stock Selector Large Cap Value Fund 11,908,348 260,210 2,886,346 -- 304,765 322,957 9,909,934 
Fidelity Series Value Discovery Fund 11,766,870 373,498 2,790,168 -- 393,327 56,471 9,799,998 
 $418,458,689 $44,478,017 $66,713,603 $4,638,042 $5,328,625 $6,457,122 $408,008,850 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $219,379 $-- $219,379 $-- 
Domestic Equity Funds 86,082,835 86,082,835 -- -- 
International Equity Funds 67,439,712 67,439,712 -- -- 
Bond Funds 190,029,030 190,029,030 -- -- 
Short-Term Funds 65,049,947 65,049,947 -- -- 
Total Investments in Securities: $408,820,903 $408,601,524 $219,379 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $6,929 $6,929 $-- $-- 
Total Assets $6,929 $6,929 $-- $-- 
Liabilities     
Futures Contracts $(31,543) $(31,543) $-- $-- 
Total Liabilities $(31,543) $(31,543) $-- $-- 
Total Derivative Instruments: $(24,614) $(24,614) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $6,929 $(31,543) 
Total Equity Risk 6,929 (31,543) 
Total Value of Derivatives $6,929 $(31,543) 

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

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


Fidelity Advisor Freedom® 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $219,330) 
$219,379  
Fidelity Central Funds (cost $592,674) 592,674  
Other affiliated issuers (cost $367,158,130) 408,008,850  
Total Investment in Securities (cost $367,970,134)  $408,820,903 
Cash  171 
Receivable for investments sold  2,920,208 
Receivable for fund shares sold  162,260 
Distributions receivable from Fidelity Central Funds  792 
Receivable for daily variation margin on futures contracts  17,924 
Total assets  411,922,258 
Liabilities   
Payable for investments purchased $2,060,501  
Payable for fund shares redeemed 1,021,019  
Accrued management fee 175,918  
Distribution and service plan fees payable 78,656  
Total liabilities  3,336,094 
Net Assets  $408,586,164 
Net Assets consist of:   
Paid in capital  $360,079,777 
Total accumulated earnings (loss)  48,506,387 
Net Assets  $408,586,164 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($189,031,442 ÷ 15,825,517 shares)(a)  $11.94 
Maximum offering price per share (100/94.25 of $11.94)  $12.67 
Class M:   
Net Asset Value and redemption price per share ($72,204,023 ÷ 6,076,280 shares)(a)  $11.88 
Maximum offering price per share (100/96.50 of $11.88)  $12.31 
Class C:   
Net Asset Value and offering price per share ($10,220,574 ÷ 865,428 shares)(a)  $11.81 
Class I:   
Net Asset Value, offering price and redemption price per share ($124,610,559 ÷ 10,384,963 shares)  $12.00 
Class Z:   
Net Asset Value, offering price and redemption price per share ($5,025,665 ÷ 420,655 shares)  $11.95 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($7,493,901 ÷ 625,366 shares)  $11.98 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,904,785 
Interest  1,957 
Income from Fidelity Central Funds  6,973 
Total income  3,913,715 
Expenses   
Management fee $1,069,188  
Distribution and service plan fees 477,752  
Independent trustees' fees and expenses 841  
Total expenses before reductions 1,547,781  
Expense reductions (124)  
Total expenses after reductions  1,547,657 
Net investment income (loss)  2,366,058 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 807  
Affiliated issuers 5,328,625  
Futures contracts 385,464  
Capital gain distributions from underlying funds:   
Affiliated issuers 733,257  
Total net realized gain (loss)  6,448,153 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 42  
Affiliated issuers 6,457,122  
Futures contracts 18,582  
Total change in net unrealized appreciation (depreciation)  6,475,746 
Net gain (loss)  12,923,899 
Net increase (decrease) in net assets resulting from operations  $15,289,957 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,366,058 $7,773,009 
Net realized gain (loss) 6,448,153 22,985,277 
Change in net unrealized appreciation (depreciation) 6,475,746 (17,343,507) 
Net increase (decrease) in net assets resulting from operations 15,289,957 13,414,779 
Distributions to shareholders (9,368,746) (36,141,003) 
Share transactions - net increase (decrease) (17,131,199) (33,088,521) 
Total increase (decrease) in net assets (11,209,988) (55,814,745) 
Net Assets   
Beginning of period 419,796,152 475,610,897 
End of period $408,586,164 $419,796,152 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.78 $12.42 $12.34 $11.87 $12.72 $12.91 
Income from Investment Operations       
Net investment income (loss)A .07 .21 .16 .18 .20 .20 
Net realized and unrealized gain (loss) .36 .15 .72 .84 (.41) .44 
Total from investment operations .43 .36 .88 1.02 (.21) .64 
Distributions from net investment income (.03) (.21) (.17) (.19) (.21) (.22) 
Distributions from net realized gain (.24) (.79) (.62) (.36) (.44) (.61) 
Total distributions (.27) (1.00) (.80)B (.55) (.64)C (.83) 
Net asset value, end of period $11.94 $11.78 $12.42 $12.34 $11.87 $12.72 
Total ReturnD,E,F 3.68% 3.28% 7.18% 8.87% (1.67)% 5.08% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .77%I .77%J .69% .25% .25% .25% 
Expenses net of fee waivers, if any .77%I .77%J .69% .25% .25% .25% 
Expenses net of all reductions .77%I .77%J .69% .25% .25% .25% 
Net investment income (loss) 1.11%I 1.75% 1.29% 1.45% 1.63% 1.55% 
Supplemental Data       
Net assets, end of period (000 omitted) $189,031 $198,633 $230,553 $263,496 $328,232 $431,498 
Portfolio turnover rateH 21%I 24% 20% 26% 21% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.80 per share is comprised of distributions from net investment income of $.173 and distributions from net realized gain of $.624 per share.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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


Fidelity Advisor Freedom 2010 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.73 $12.37 $12.30 $11.83 $12.68 $12.87 
Income from Investment Operations       
Net investment income (loss)A .05 .18 .13 .14 .17 .17 
Net realized and unrealized gain (loss) .36 .15 .71 .85 (.41) .43 
Total from investment operations .41 .33 .84 .99 (.24) .60 
Distributions from net investment income (.02) (.18) (.15) (.16) (.18) (.18) 
Distributions from net realized gain (.24) (.79) (.62) (.36) (.44) (.61) 
Total distributions (.26) (.97) (.77) (.52) (.61)B (.79) 
Net asset value, end of period $11.88 $11.73 $12.37 $12.30 $11.83 $12.68 
Total ReturnC,D,E 3.54% 3.06% 6.89% 8.63% (1.92)% 4.81% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.02%H 1.02%I .94% .50% .50% .50% 
Expenses net of fee waivers, if any 1.02%H 1.02%I .94% .50% .50% .50% 
Expenses net of all reductions 1.02%H 1.02%I .94% .50% .50% .50% 
Net investment income (loss) .86%H 1.50% 1.03% 1.20% 1.38% 1.30% 
Supplemental Data       
Net assets, end of period (000 omitted) $72,204 $71,679 $77,068 $83,881 $92,543 $106,189 
Portfolio turnover rateG 21%H 24% 20% 26% 21% 22% 

 A Calculated based on average shares outstanding during the period.

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

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Advisor Freedom 2010 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.66 $12.29 $12.22 $11.76 $12.60 $12.79 
Income from Investment Operations       
Net investment income (loss)A .02 .12 .07 .08 .11 .10 
Net realized and unrealized gain (loss) .37 .14 .70 .84 (.40) .44 
Total from investment operations .39 .26 .77 .92 (.29) .54 
Distributions from net investment income – (.11) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.24) (.78) (.62) (.36) (.44) (.61) 
Total distributions (.24) (.89) (.70) (.46) (.55) (.73) 
Net asset value, end of period $11.81 $11.66 $12.29 $12.22 $11.76 $12.60 
Total ReturnB,C,D 3.39% 2.45% 6.37% 8.07% (2.39)% 4.33% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.51%G,H 1.52%H 1.44% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.51%G,H 1.52%H 1.44% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.51%G,H 1.52%H 1.44% 1.00% 1.00% 1.00% 
Net investment income (loss) .37%G 1.00% .54% .70% .88% .80% 
Supplemental Data       
Net assets, end of period (000 omitted) $10,221 $10,765 $26,227 $29,290 $30,150 $34,839 
Portfolio turnover rateF 21%G 24% 20% 26% 21% 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Advisor Freedom 2010 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.82 $12.47 $12.40 $11.92 $12.77 $12.96 
Income from Investment Operations       
Net investment income (loss)A .08 .24 .19 .21 .23 .23 
Net realized and unrealized gain (loss) .37 .14 .72 .85 (.40) .44 
Total from investment operations .45 .38 .91 1.06 (.17) .67 
Distributions from net investment income (.03) (.25) (.21) (.22) (.24) (.25) 
Distributions from net realized gain (.24) (.79) (.62) (.36) (.44) (.61) 
Total distributions (.27) (1.03)B (.84)C (.58) (.68) (.86) 
Net asset value, end of period $12.00 $11.82 $12.47 $12.40 $11.92 $12.77 
Total ReturnD,E 3.90% 3.50% 7.39% 9.22% (1.40)% 5.34% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .52%H .52%I .45% - %J - %J - %J 
Expenses net of fee waivers, if any .52%H .52%I .45% -% -% -% 
Expenses net of all reductions .52%H .52%I .45% -% -% -% 
Net investment income (loss) 1.36%H 2.00% 1.53% 1.70% 1.88% 1.80% 
Supplemental Data       
Net assets, end of period (000 omitted) $124,611 $131,896 $137,019 $131,216 $143,715 $158,071 
Portfolio turnover rateG 21%H 24% 20% 26% 21% 22% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.03 per share is comprised of distributions from net investment income of $.245 and distributions from net realized gain of $.788 per share.

 C Total distributions of $.84 per share is comprised of distributions from net investment income of $.212 and distributions from net realized gain of $.624 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

 J 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.78 $12.30 
Income from Investment Operations   
Net investment income (loss)B .08 .27 
Net realized and unrealized gain (loss) .38 (.11)C 
Total from investment operations .46 .16 
Distributions from net investment income (.05) (.26) 
Distributions from net realized gain (.24) (.42) 
Total distributions (.29) (.68) 
Net asset value, end of period $11.95 $11.78 
Total ReturnD,E 3.95% 1.65% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .46%H,I .47%H,I 
Expenses net of fee waivers, if any .46%H,I .47%H,I 
Expenses net of all reductions .46%H,I .47%H,I 
Net investment income (loss) 1.42%H 4.58%H 
Supplemental Data   
Net assets, end of period (000 omitted) $5,026 $257 
Portfolio turnover rateG 21%H 24% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Advisor Freedom 2010 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.81 $12.47 $12.50 
Income from Investment Operations    
Net investment income (loss)B .09 .25 .05 
Net realized and unrealized gain (loss) .36 .15 .53 
Total from investment operations .45 .40 .58 
Distributions from net investment income (.04) (.27) (.20) 
Distributions from net realized gain (.24) (.79) (.42) 
Total distributions (.28) (1.06) (.61)C 
Net asset value, end of period $11.98 $11.81 $12.47 
Total ReturnD,E 3.86% 3.66% 4.62% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .39%H .39% .41%H,I 
Expenses net of fee waivers, if any .39%H .39% .41%H,I 
Expenses net of all reductions .39%H .39% .41%H,I 
Net investment income (loss) 1.49%H 2.13% .45%H 
Supplemental Data    
Net assets, end of period (000 omitted) $7,494 $6,566 $4,744 
Portfolio turnover rateG 21%H 24% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.61 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.416 per share.

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 28.7 
Fidelity Series Government Money Market Fund 2.07% 9.3 
Fidelity Series Inflation-Protected Bond Index Fund 8.0 
Fidelity Series Emerging Markets Opportunities Fund 6.1 
Fidelity Series International Growth Fund 5.1 
Fidelity Series Large Cap Stock Fund 5.0 
Fidelity Series International Value Fund 4.9 
Fidelity Series Commodity Strategy Fund 3.5 
Fidelity Series Stock Selector Large Cap Value Fund 3.2 
Fidelity Series Value Discovery Fund 3.2 
 77.0 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 26.9% 
   International Equity Funds 19.9% 
   Bond Funds 41.4% 
   Short-Term Funds 11.8% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Advisor Freedom® 2015 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.95% 11/29/19 to 12/26/19(a)   
(Cost $438,538) 440,000 438,637 
 Shares Value 
Domestic Equity Funds - 26.9%   
Fidelity Advisor Series Equity Growth Fund (b) 1,817,522 $26,263,190 
Fidelity Advisor Series Growth Opportunities Fund (b) 1,165,500 16,946,371 
Fidelity Advisor Series Small Cap Fund (b) 1,137,446 12,477,786 
Fidelity Series All-Sector Equity Fund (b) 1,201,844 12,174,683 
Fidelity Series Commodity Strategy Fund (b) 7,070,576 32,453,946 
Fidelity Series Large Cap Stock Fund (b) 3,197,302 46,328,911 
Fidelity Series Large Cap Value Index Fund (b) 386,922 5,053,201 
Fidelity Series Opportunistic Insights Fund (b) 1,346,255 24,259,514 
Fidelity Series Small Cap Opportunities Fund (b) 1,250,761 16,097,294 
Fidelity Series Stock Selector Large Cap Value Fund (b) 2,423,879 30,225,766 
Fidelity Series Value Discovery Fund (b) 2,297,425 29,889,495 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $202,596,809)  252,170,157 
International Equity Funds - 19.9%   
Fidelity Series Canada Fund (b) 485,182 5,370,967 
Fidelity Series Emerging Markets Fund (b) 636,582 5,862,918 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,073,050 57,097,260 
Fidelity Series International Growth Fund (b) 2,926,469 47,906,297 
Fidelity Series International Small Cap Fund (b) 614,641 9,920,305 
Fidelity Series International Value Fund (b) 4,847,094 46,047,390 
Fidelity Series Overseas Fund (b) 1,434,785 14,233,066 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $144,755,786)  186,438,203 
Bond Funds - 41.4%   
Fidelity Series Emerging Markets Debt Fund (b) 726,013 6,824,526 
Fidelity Series Floating Rate High Income Fund (b) 158,483 1,472,310 
Fidelity Series High Income Fund (b) 724,337 6,881,202 
Fidelity Series Inflation-Protected Bond Index Fund (b) 7,417,999 74,773,427 
Fidelity Series International Credit Fund (b) 64,971 680,250 
Fidelity Series Investment Grade Bond Fund (b) 23,147,940 268,516,101 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 2,407,903 24,103,111 
Fidelity Series Real Estate Income Fund (b) 426,586 4,782,027 
TOTAL BOND FUNDS   
(Cost $364,564,739)  388,032,954 
Short-Term Funds - 11.8%   
Fidelity Cash Central Fund 1.96% (c) 1,290,645 1,290,903 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 87,240,035 87,240,035 
Fidelity Series Short-Term Credit Fund (b) 2,175,088 21,924,884 
TOTAL SHORT-TERM FUNDS   
(Cost $110,212,836)  110,455,822 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $822,568,708)  937,535,773 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (584,733) 
NET ASSETS - 100%  $936,951,040 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $1,191,400 $(6,408) $(6,408) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 46 Dec. 2019 2,304,370 (76,655) (76,655) 
TOTAL PURCHASED     (83,063) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 34 Dec. 2019 3,227,280 22,315 22,315 
TOTAL FUTURES CONTRACTS     $(60,748) 

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

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

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 $438,637.

 (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 $16,714 
Total $16,714 

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 $32,546,778 $257,713 $7,776,821 $-- $2,213,755 $(978,235) $26,263,190 
Fidelity Advisor Series Growth Opportunities Fund 21,848,910 169,925 5,361,129 -- 1,736,618 (1,447,953) 16,946,371 
Fidelity Advisor Series Small Cap Fund 14,730,372 124,962 3,042,364 -- 236,317 428,499 12,477,786 
Fidelity Series All-Sector Equity Fund 14,439,639 143,905 3,121,229 -- 1,133 711,235 12,174,683 
Fidelity Series Canada Fund 5,061,159 431,779 493,038 -- 1,597 369,470 5,370,967 
Fidelity Series Commodity Strategy Fund 22,709,877 14,014,277 3,023,759 289,902 (151,250) (1,095,199) 32,453,946 
Fidelity Series Emerging Markets Debt Fund 7,351,000 271,906 657,426 213,275 (30,693) (110,261) 6,824,526 
Fidelity Series Emerging Markets Fund 6,122,573 685,608 573,558 -- (12,211) (359,494) 5,862,918 
Fidelity Series Emerging Markets Opportunities Fund 57,560,785 4,553,151 5,126,835 -- 329,408 (219,249) 57,097,260 
Fidelity Series Floating Rate High Income Fund 1,551,611 57,285 140,079 44,721 (8,148) 11,641 1,472,310 
Fidelity Series Government Money Market Fund 2.07% 87,309,321 14,328,488 14,397,774 1,058,068 -- -- 87,240,035 
Fidelity Series High Income Fund 8,655,724 296,421 2,149,686 234,015 (43,696) 122,439 6,881,202 
Fidelity Series Inflation-Protected Bond Index Fund 70,248,640 9,068,964 6,688,026 143,216 24,913 2,118,936 74,773,427 
Fidelity Series International Credit Fund 634,225 8,429 -- 8,429 -- 37,596 680,250 
Fidelity Series International Growth Fund 48,417,041 404,622 4,549,997 -- 1,249,212 2,385,419 47,906,297 
Fidelity Series International Small Cap Fund 11,290,776 479,185 2,284,454 -- 400,246 34,552 9,920,305 
Fidelity Series International Value Fund 46,313,712 2,773,265 4,098,878 -- 120,010 939,281 46,047,390 
Fidelity Series Investment Grade Bond Fund 262,356,116 23,295,149 26,902,588 4,120,872 84,159 9,683,265 268,516,101 
Fidelity Series Large Cap Stock Fund 55,960,959 2,790,577 12,075,469 2,341,342 1,141,018 (1,488,174) 46,328,911 
Fidelity Series Large Cap Value Index Fund 6,321,235 48,497 1,609,160 -- 332,428 (39,799) 5,053,201 
Fidelity Series Long-Term Treasury Bond Index Fund 49,275,645 982,187 31,070,383 581,306 2,751,538 2,164,124 24,103,111 
Fidelity Series Opportunistic Insights Fund 30,342,218 240,319 7,386,807 -- 2,318,343 (1,254,559) 24,259,514 
Fidelity Series Overseas Fund -- 14,073,064 -- -- -- 160,002 14,233,066 
Fidelity Series Real Estate Income Fund 4,873,522 217,462 441,390 177,964 26,847 105,586 4,782,027 
Fidelity Series Short-Term Credit Fund 21,687,199 2,925,388 2,929,882 301,256 6,585 235,594 21,924,884 
Fidelity Series Small Cap Opportunities Fund 18,858,008 1,247,120 3,329,345 1,017,174 901,889 (1,580,378) 16,097,294 
Fidelity Series Stock Selector Large Cap Value Fund 36,612,014 291,625 8,610,610 -- 966,144 966,593 30,225,766 
Fidelity Series Value Discovery Fund 36,176,450 537,234 8,206,455 -- 1,218,102 164,164 29,889,495 
 $979,255,509 $94,718,507 $166,047,142 $10,531,540 $15,814,264 $12,065,095 $935,806,233 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $438,637 $-- $438,637 $-- 
Domestic Equity Funds 252,170,157 252,170,157 -- -- 
International Equity Funds 186,438,203 186,438,203 -- -- 
Bond Funds 388,032,954 388,032,954 -- -- 
Short-Term Funds 110,455,822 110,455,822 -- -- 
Total Investments in Securities: $937,535,773 $937,097,136 $438,637 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $22,315 $22,315 $-- $-- 
Total Assets $22,315 $22,315 $-- $-- 
Liabilities     
Futures Contracts $(83,063) $(83,063) $-- $-- 
Total Liabilities $(83,063) $(83,063) $-- $-- 
Total Derivative Instruments: $(60,748) $(60,748) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $22,315 $(83,063) 
Total Equity Risk 22,315 (83,063) 
Total Value of Derivatives $22,315 $(83,063) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $438,538) 
$438,637  
Fidelity Central Funds (cost $1,290,900) 1,290,903  
Other affiliated issuers (cost $820,839,270) 935,806,233  
Total Investment in Securities (cost $822,568,708)  $937,535,773 
Cash  521 
Receivable for investments sold  8,121,662 
Receivable for fund shares sold  337,849 
Distributions receivable from Fidelity Central Funds  1,758 
Receivable for daily variation margin on futures contracts  31,688 
Total assets  946,029,251 
Liabilities   
Payable for investments purchased $2,547,564  
Payable for fund shares redeemed 5,911,976  
Accrued management fee 438,924  
Distribution and service plan fees payable 179,747  
Total liabilities  9,078,211 
Net Assets  $936,951,040 
Net Assets consist of:   
Paid in capital  $800,723,844 
Total accumulated earnings (loss)  136,227,196 
Net Assets  $936,951,040 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($447,470,291 ÷ 37,613,929 shares)(a)  $11.90 
Maximum offering price per share (100/94.25 of $11.90)  $12.63 
Class M:   
Net Asset Value and redemption price per share ($148,765,022 ÷ 12,543,468 shares)(a)  $11.86 
Maximum offering price per share (100/96.50 of $11.86)  $12.29 
Class C:   
Net Asset Value and offering price per share ($26,894,221 ÷ 2,286,570 shares)(a)  $11.76 
Class I:   
Net Asset Value, offering price and redemption price per share ($280,078,880 ÷ 23,324,762 shares)  $12.01 
Class Z:   
Net Asset Value, offering price and redemption price per share ($15,918,273 ÷ 1,332,182 shares)  $11.95 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($17,824,353 ÷ 1,487,587 shares)  $11.98 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $8,280,844 
Interest  4,453 
Income from Fidelity Central Funds  16,714 
Total income  8,302,011 
Expenses   
Management fee $2,674,416  
Distribution and service plan fees 1,102,230  
Independent trustees' fees and expenses 1,949  
Total expenses before reductions 3,778,595  
Expense reductions (219)  
Total expenses after reductions  3,778,376 
Net investment income (loss)  4,523,635 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,507  
Affiliated issuers 15,814,264  
Futures contracts 919,680  
Capital gain distributions from underlying funds:   
Affiliated issuers 2,250,696  
Total net realized gain (loss)  18,987,147 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 77  
Fidelity Central Funds  
Other affiliated issuers 12,065,095  
Futures contracts 45,118  
Total change in net unrealized appreciation (depreciation)  12,110,291 
Net gain (loss)  31,097,438 
Net increase (decrease) in net assets resulting from operations  $35,621,073 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $4,523,635 $17,744,669 
Net realized gain (loss) 18,987,147 64,175,175 
Change in net unrealized appreciation (depreciation) 12,110,291 (49,925,939) 
Net increase (decrease) in net assets resulting from operations 35,621,073 31,993,905 
Distributions to shareholders (26,779,962) (96,090,230) 
Share transactions - net increase (decrease) (54,417,331) (64,212,519) 
Total increase (decrease) in net assets (45,576,220) (128,308,844) 
Net Assets   
Beginning of period 982,527,260 1,110,836,104 
End of period $936,951,040 $982,527,260 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.79 $12.59 $12.43 $11.81 $12.70 $12.87 
Income from Investment Operations       
Net investment income (loss)A .05 .21 .16 .18 .20 .20 
Net realized and unrealized gain (loss) .39 .14 .87 .99 (.45) .49 
Total from investment operations .44 .35 1.03 1.17 (.25) .69 
Distributions from net investment income (.02) (.21) (.18) (.19) (.21) (.21) 
Distributions from net realized gain (.31) (.94) (.70) (.36) (.43) (.64) 
Total distributions (.33) (1.15) (.87)B (.55) (.64) (.86)C 
Net asset value, end of period $11.90 $11.79 $12.59 $12.43 $11.81 $12.70 
Total ReturnD,E,F 3.81% 3.26% 8.42% 10.23% (2.07)% 5.51% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .81%I .82% .72% .25% .25% .25% 
Expenses net of fee waivers, if any .81%I .82% .72% .25% .25% .25% 
Expenses net of all reductions .81%I .82% .72% .25% .25% .25% 
Net investment income (loss) .91%I 1.71% 1.22% 1.46% 1.64% 1.58% 
Supplemental Data       
Net assets, end of period (000 omitted) $447,470 $476,763 $551,179 $653,982 $739,929 $967,164 
Portfolio turnover rateH 20%I 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.87 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.699 per share.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.76 $12.56 $12.41 $11.79 $12.68 $12.85 
Income from Investment Operations       
Net investment income (loss)A .04 .17 .12 .15 .17 .17 
Net realized and unrealized gain (loss) .38 .15 .87 .99 (.45) .48 
Total from investment operations .42 .32 .99 1.14 (.28) .65 
Distributions from net investment income (.01) (.18) (.15) (.16) (.18) (.18) 
Distributions from net realized gain (.31) (.94) (.70) (.36) (.43) (.64) 
Total distributions (.32) (1.12) (.84)B (.52) (.61) (.82) 
Net asset value, end of period $11.86 $11.76 $12.56 $12.41 $11.79 $12.68 
Total ReturnC,D,E 3.66% 3.01% 8.10% 9.98% (2.32)% 5.26% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.06%H 1.07% .98% .50% .50% .50% 
Expenses net of fee waivers, if any 1.06%H 1.07% .98% .50% .50% .50% 
Expenses net of all reductions 1.06%H 1.07% .98% .50% .50% .50% 
Net investment income (loss) .66%H 1.45% .96% 1.21% 1.39% 1.33% 
Supplemental Data       
Net assets, end of period (000 omitted) $148,765 $152,212 $167,835 $178,795 $190,018 $208,468 
Portfolio turnover rateG 20%H 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.84 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.699 per share.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.69 $12.47 $12.32 $11.72 $12.60 $12.77 
Income from Investment Operations       
Net investment income (loss)A .01 .11 .06 .08 .11 .11 
Net realized and unrealized gain (loss) .37 .16 .86 .98 (.45) .48 
Total from investment operations .38 .27 .92 1.06 (.34) .59 
Distributions from net investment income – (.13) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.31) (.93) (.70) (.36) (.43) (.64) 
Total distributions (.31) (1.05)B (.77)C (.46) (.54) (.76) 
Net asset value, end of period $11.76 $11.69 $12.47 $12.32 $11.72 $12.60 
Total ReturnD,E,F 3.32% 2.60% 7.57% 9.33% (2.76)% 4.75% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.55%I,J 1.57% 1.48% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.55%I,J 1.57% 1.48% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.55%I,J 1.57% 1.48% 1.00% 1.00% 1.00% 
Net investment income (loss) .17%I .96% .47% .71% .89% .83% 
Supplemental Data       
Net assets, end of period (000 omitted) $26,894 $31,274 $54,730 $61,332 $63,443 $72,725 
Portfolio turnover rateH 20%I 21% 19% 22% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.05 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.926 per share.

 C Total distributions of $.77 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.699 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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

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


Fidelity Advisor Freedom 2015 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.89 $12.69 $12.53 $11.90 $12.79 $12.96 
Income from Investment Operations       
Net investment income (loss)A .07 .24 .19 .21 .23 .24 
Net realized and unrealized gain (loss) .39 .14 .88 1.00 (.45) .48 
Total from investment operations .46 .38 1.07 1.21 (.22) .72 
Distributions from net investment income (.03) (.24) (.21) (.22) (.24) (.25) 
Distributions from net realized gain (.31) (.94) (.70) (.36) (.43) (.64) 
Total distributions (.34) (1.18) (.91) (.58) (.67) (.89) 
Net asset value, end of period $12.01 $11.89 $12.69 $12.53 $11.90 $12.79 
Total ReturnB,C 3.92% 3.55% 8.66% 10.53% (1.80)% 5.74% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .56%F .57% .48% - %G - %G - %G 
Expenses net of fee waivers, if any .56%F .57% .48% -% -% -% 
Expenses net of all reductions .56%F .57% .48% -% -% -% 
Net investment income (loss) 1.16%F 1.95% 1.46% 1.71% 1.89% 1.83% 
Supplemental Data       
Net assets, end of period (000 omitted) $280,079 $304,221 $324,189 $317,539 $361,722 $425,176 
Portfolio turnover rateE 20%F 21% 19% 22% 20% 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount represents less than .005%.

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


Fidelity Advisor Freedom 2015 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.85 $12.50 
Income from Investment Operations   
Net investment income (loss)B .07 .27 
Net realized and unrealized gain (loss) .38 (.17)C 
Total from investment operations .45 .10 
Distributions from net investment income (.04) (.27) 
Distributions from net realized gain (.31) (.48) 
Total distributions (.35) (.75) 
Net asset value, end of period $11.95 $11.85 
Total ReturnD,E 3.88% 1.29% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .49%H .51%H,I 
Expenses net of fee waivers, if any .49%H .51%H,I 
Expenses net of all reductions .49%H .51%H,I 
Net investment income (loss) 1.23%H 4.73%H 
Supplemental Data   
Net assets, end of period (000 omitted) $15,918 $1,522 
Portfolio turnover rateG 20%H 21% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

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

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

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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

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


Fidelity Advisor Freedom 2015 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.87 $12.67 $12.66 
Income from Investment Operations    
Net investment income (loss)B .08 .25 .18 
Net realized and unrealized gain (loss) .37 .16 .51 
Total from investment operations .45 .41 .69 
Distributions from net investment income (.03) (.27) (.21) 
Distributions from net realized gain (.31) (.94) (.47) 
Total distributions (.34) (1.21) (.68) 
Net asset value, end of period $11.98 $11.87 $12.67 
Total ReturnC,D 3.89% 3.81% 5.42% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .41%G .41% .43%G,H 
Expenses net of fee waivers, if any .41%G .41% .43%G,H 
Expenses net of all reductions .41%G .41% .43%G,H 
Net investment income (loss) 1.31%G 2.11% 1.75%G 
Supplemental Data    
Net assets, end of period (000 omitted) $17,824 $16,536 $12,903 
Portfolio turnover rateF 20%G 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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

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


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 25.3 
Fidelity Series Inflation-Protected Bond Index Fund 6.8 
Fidelity Series Emerging Markets Opportunities Fund 6.7 
Fidelity Series Government Money Market Fund 2.07% 6.6 
Fidelity Series Large Cap Stock Fund 6.0 
Fidelity Series International Growth Fund 5.9 
Fidelity Series International Value Fund 5.8 
Fidelity Series Stock Selector Large Cap Value Fund 3.9 
Fidelity Series Value Discovery Fund 3.9 
Fidelity Series Commodity Strategy Fund 3.5 
 74.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.1% 
   International Equity Funds 22.9% 
   Bond Funds 36.7% 
   Short-Term Funds 8.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


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

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

Fidelity Advisor Freedom® 2020 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 2.09% 10/17/19 to 12/26/19(a)   
(Cost $1,206,011) 1,210,000 1,206,210 
 Shares Value 
Domestic Equity Funds - 32.1%   
Fidelity Advisor Series Equity Growth Fund (b) 5,268,176 $76,125,147 
Fidelity Advisor Series Growth Opportunities Fund (b) 3,388,243 49,265,051 
Fidelity Advisor Series Small Cap Fund (b) 3,295,131 36,147,585 
Fidelity Series All-Sector Equity Fund (b) 3,481,595 35,268,559 
Fidelity Series Commodity Strategy Fund (b) 16,825,638 77,229,680 
Fidelity Series Large Cap Stock Fund (b) 9,269,498 134,315,019 
Fidelity Series Large Cap Value Index Fund (b) 1,119,309 14,618,175 
Fidelity Series Opportunistic Insights Fund (b) 3,913,497 70,521,210 
Fidelity Series Small Cap Opportunities Fund (b) 3,624,338 46,645,234 
Fidelity Series Stock Selector Large Cap Value Fund (b) 7,025,901 87,612,983 
Fidelity Series Value Discovery Fund (b) 6,659,401 86,638,813 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $578,200,714)  714,387,456 
International Equity Funds - 22.9%   
Fidelity Series Canada Fund (b) 1,398,097 15,476,934 
Fidelity Series Emerging Markets Fund (b) 1,748,672 16,105,272 
Fidelity Series Emerging Markets Opportunities Fund (b) 8,085,807 150,234,291 
Fidelity Series International Growth Fund (b) 7,955,718 130,235,100 
Fidelity Series International Small Cap Fund (b) 1,787,769 28,854,594 
Fidelity Series International Value Fund (b) 13,544,143 128,669,361 
Fidelity Series Overseas Fund (b) 4,068,868 40,363,171 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $406,236,209)  509,938,723 
Bond Funds - 36.7%   
Fidelity Series Emerging Markets Debt Fund (b) 1,642,348 15,438,070 
Fidelity Series Floating Rate High Income Fund (b) 321,205 2,983,998 
Fidelity Series High Income Fund (b) 1,726,593 16,402,631 
Fidelity Series Inflation-Protected Bond Index Fund (b) 15,088,331 152,090,379 
Fidelity Series International Credit Fund (b) 139,646 1,462,092 
Fidelity Series Investment Grade Bond Fund (b) 48,570,186 563,414,155 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,604,639 56,102,436 
Fidelity Series Real Estate Income Fund (b) 994,810 11,151,818 
TOTAL BOND FUNDS   
(Cost $783,240,733)  819,045,579 
Short-Term Funds - 8.3%   
Fidelity Cash Central Fund 1.96% (c) 2,145,540 2,145,970 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 146,611,543 146,611,543 
Fidelity Series Short-Term Credit Fund (b) 3,642,567 36,717,078 
TOTAL SHORT-TERM FUNDS   
(Cost $185,055,531)  185,474,591 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,953,939,198)  2,230,052,559 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,441,323) 
NET ASSETS - 100%  $2,228,611,236 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 20 Dec. 2019 $2,978,500 $9,069 $9,069 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 117 Dec. 2019 5,861,115 (130,773) (130,773) 
TOTAL PURCHASED     (121,704) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 106 Dec. 2019 10,061,520 83,260 83,260 
TOTAL FUTURES CONTRACTS     $(38,444) 

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

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

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 $1,206,210.

 (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 $38,963 
Total $38,963 

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 $92,384,310 $783,363  $20,574,116  $-- $5,551,288  $(2,019,698) $76,125,147 
Fidelity Advisor Series Growth Opportunities Fund 62,361,675 517,387  14,434,657  -- 4,672,676  (3,852,030) 49,265,051 
Fidelity Advisor Series Small Cap Fund 40,941,178 570,219  7,225,217  -- 540,297  1,321,108 36,147,585 
Fidelity Series All-Sector Equity Fund 40,929,825 358,304  8,061,857  -- 25,899  2,016,388 35,268,559 
Fidelity Series Canada Fund 13,486,729 2,019,840 1,058,055  -- (1,507) 1,029,927 15,476,934 
Fidelity Series Commodity Strategy Fund 53,472,213 32,770,715  6,053,468  696,479 (444,797 ) (2,514,983) 77,229,680 
Fidelity Series Emerging Markets Debt Fund 16,371,811 625,678  1,244,159  479,332  (61,212 ) (254,048) 15,438,070 
Fidelity Series Emerging Markets Fund 15,695,656 2,563,368  1,207,014  -- (18,155 ) (928,583) 16,105,272 
Fidelity Series Emerging Markets Opportunities Fund 147,559,925 12,829,121  10,607,161  -- 300,294  152,112 150,234,291 
Fidelity Series Floating Rate High Income Fund 3,120,379 121,807  265,074  90,448  (14,573 ) 21,459 2,983,998 
Fidelity Series Government Money Market Fund 2.07% 152,159,909 29,760,986 35,309,352  1,866,584  -- -- 146,611,543 
Fidelity Series High Income Fund 20,745,261 708,852  5,237,928  553,442  (281,034 ) 467,480 16,402,631 
Fidelity Series Inflation-Protected Bond Index Fund 120,170,173 37,399,504  9,250,967  251,900  22,365  3,749,304 152,090,379 
Fidelity Series International Credit Fund 1,363,168 18,117  -- 18,116 -- 80,807 1,462,092 
Fidelity Series International Growth Fund 129,324,278 1,165,311  10,039,854  -- 2,232,631  7,552,734 130,235,100 
Fidelity Series International Small Cap Fund 30,519,298 283,743  3,115,050  -- 299,724  866,879 28,854,594 
Fidelity Series International Value Fund 123,662,826 11,290,837  9,215,089  -- 109,225  2,821,562 128,669,361 
Fidelity Series Investment Grade Bond Fund 538,214,733 55,182,090 50,306,959  8,563,857  86,795  20,237,496 563,414,155 
Fidelity Series Large Cap Stock Fund 154,945,821 7,841,611  27,319,241  6,702,599 (894,595 ) (258,577) 134,315,019 
Fidelity Series Large Cap Value Index Fund 17,496,625 147,332  3,857,881  -- 800,892  31,207 14,618,175 
Fidelity Series Long-Term Treasury Bond Index Fund 117,354,568 3,355,039 76,522,286  1,404,995  6,895,938 5,019,177 56,102,436 
Fidelity Series Opportunistic Insights Fund 85,777,692 730,862  19,005,266  -- 4,563,675  (1,545,753) 70,521,210 
Fidelity Series Overseas Fund -- 40,025,360  -- -- -- 337,811 40,363,171 
Fidelity Series Real Estate Income Fund 11,168,017 510,956  833,776  412,643 50,136  256,485 11,151,818 
Fidelity Series Short-Term Credit Fund 38,320,567 5,528,556 7,562,275  538,516  27,409  402,821 36,717,078 
Fidelity Series Small Cap Opportunities Fund 52,642,198 3,424,786  7,411,581  2,949,495  1,182,694  (3,192,863) 46,645,234 
Fidelity Series Stock Selector Large Cap Value Fund 102,275,559 887,854  21,014,721  -- 2,012,936  3,451,355 87,612,983 
Fidelity Series Value Discovery Fund 100,321,739 1,163,308  18,752,991  -- 2,759,022  1,147,735 86,638,813 
Total $2,282,786,133 $252,584,906 $375,485,995  $24,528,406  $30,418,023 $36,397,312 $2,226,700,379 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,206,210 $-- $1,206,210 $-- 
Domestic Equity Funds 714,387,456 714,387,456 -- -- 
International Equity Funds 509,938,723 509,938,723 -- -- 
Bond Funds 819,045,579 819,045,579 -- -- 
Short-Term Funds 185,474,591 185,474,591 -- -- 
Total Investments in Securities: $2,230,052,559 $2,228,846,349 $1,206,210 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $92,329 $92,329 $-- $-- 
Total Assets $92,329 $92,329 $-- $-- 
Liabilities     
Futures Contracts $(130,773) $(130,773) $-- $-- 
Total Liabilities $(130,773) $(130,773) $-- $-- 
Total Derivative Instruments: $(38,444) $(38,444) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $92,329 $(130,773) 
Total Equity Risk 92,329 (130,773) 
Total Value of Derivatives $92,329 $(130,773) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,206,011) 
$1,206,210  
Fidelity Central Funds (cost $2,145,970) 2,145,970  
Other affiliated issuers (cost $1,950,587,217) 2,226,700,379  
Total Investment in Securities (cost $1,953,939,198)  $2,230,052,559 
Receivable for investments sold  17,251,156 
Receivable for fund shares sold  1,015,361 
Distributions receivable from Fidelity Central Funds  3,757 
Receivable for daily variation margin on futures contracts  56,888 
Other receivables  1,413 
Total assets  2,248,381,134 
Liabilities   
Payable for investments purchased $6,935,343  
Payable for fund shares redeemed 11,320,734  
Accrued management fee 1,117,928  
Distribution and service plan fees payable 395,893  
Total liabilities  19,769,898 
Net Assets  $2,228,611,236 
Net Assets consist of:   
Paid in capital  $1,910,624,143 
Total accumulated earnings (loss)  317,987,093 
Net Assets  $2,228,611,236 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($994,228,043 ÷ 76,312,929 shares)(a)  $13.03 
Maximum offering price per share (100/94.25 of $13.03)  $13.82 
Class M:   
Net Asset Value and redemption price per share ($333,227,614 ÷ 25,608,919 shares)(a)  $13.01 
Maximum offering price per share (100/96.50 of $13.01)  $13.48 
Class C:   
Net Asset Value and offering price per share ($55,775,704 ÷ 4,330,037 shares)(a)  $12.88 
Class I:   
Net Asset Value, offering price and redemption price per share ($767,012,347 ÷ 58,346,446 shares)  $13.15 
Class Z:   
Net Asset Value, offering price and redemption price per share ($24,880,941 ÷ 1,902,289 shares)  $13.08 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($53,486,587 ÷ 4,079,116 shares)  $13.11 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $18,049,269 
Interest  9,691 
Income from Fidelity Central Funds  38,963 
Total income  18,097,923 
Expenses   
Management fee $6,777,926  
Distribution and service plan fees 2,432,071  
Independent trustees' fees and expenses 4,586  
Total expenses before reductions 9,214,583  
Expense reductions (293)  
Total expenses after reductions  9,214,290 
Net investment income (loss)  8,883,633 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 6,764  
Affiliated issuers 30,418,023  
Futures contracts 1,903,767  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,479,137  
Total net realized gain (loss)  38,807,691 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 174  
Affiliated issuers 36,397,312  
Futures contracts 166,623  
Total change in net unrealized appreciation (depreciation)  36,564,109 
Net gain (loss)  75,371,800 
Net increase (decrease) in net assets resulting from operations  $84,255,433 

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


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $8,883,633 $40,560,631 
Net realized gain (loss) 38,807,691 143,877,520 
Change in net unrealized appreciation (depreciation) 36,564,109 (108,671,834) 
Net increase (decrease) in net assets resulting from operations 84,255,433 75,766,317 
Distributions to shareholders (71,821,718) (202,406,934) 
Share transactions - net increase (decrease) (74,697,694) (84,654,253) 
Total increase (decrease) in net assets (62,263,979) (211,294,870) 
Net Assets   
Beginning of period 2,290,875,215 2,502,170,085 
End of period $2,228,611,236 $2,290,875,215 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.97 $13.71 $13.31 $12.51 $13.44 $13.54 
Income from Investment Operations       
Net investment income (loss)A .05 .22 .16 .19 .21 .22 
Net realized and unrealized gain (loss) .42 .18 1.05 1.16 (.51) .55 
Total from investment operations .47 .40 1.21 1.35 (.30) .77 
Distributions from net investment income (.01) (.22) (.18) (.19) (.21) (.23) 
Distributions from net realized gain (.40) (.92) (.62) (.36) (.41) (.64) 
Total distributions (.41) (1.14) (.81)B (.55) (.63)C (.87) 
Net asset value, end of period $13.03 $12.97 $13.71 $13.31 $12.51 $13.44 
Total ReturnD,E,F 3.73% 3.40% 9.15% 11.17% (2.35)% 5.82% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .85%I .86% .76% .25% .25% .25% 
Expenses net of fee waivers, if any .85%I .86% .76% .25% .25% .25% 
Expenses net of all reductions .85%I .86% .76% .25% .25% .25% 
Net investment income (loss) .74%I 1.68% 1.18% 1.46% 1.62% 1.59% 
Supplemental Data       
Net assets, end of period (000 omitted) $994,228 $1,038,299 $1,196,128 $1,315,261 $1,442,826 $1,775,399 
Portfolio turnover rateH 22%I 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.81 per share is comprised of distributions from net investment income of $.184 and distributions from net realized gain of $.621 per share.

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

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.96 $13.71 $13.30 $12.51 $13.44 $13.54 
Income from Investment Operations       
Net investment income (loss)A .03 .19 .13 .15 .18 .18 
Net realized and unrealized gain (loss) .42 .17 1.05 1.16 (.52) .55 
Total from investment operations .45 .36 1.18 1.31 (.34) .73 
Distributions from net investment income B (.19) (.15) (.16) (.18) (.19) 
Distributions from net realized gain (.40) (.92) (.62) (.36) (.41) (.64) 
Total distributions (.40) (1.11) (.77) (.52) (.59) (.83) 
Net asset value, end of period $13.01 $12.96 $13.71 $13.30 $12.51 $13.44 
Total ReturnC,D,E 3.59% 3.07% 8.97% 10.81% (2.59)% 5.56% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.10%H 1.11% 1.01% .50% .50% .50% 
Expenses net of fee waivers, if any 1.10%H 1.11% 1.01% .50% .50% .50% 
Expenses net of all reductions 1.10%H 1.11% 1.01% .50% .50% .50% 
Net investment income (loss) .49%H 1.43% .92% 1.21% 1.37% 1.34% 
Supplemental Data       
Net assets, end of period (000 omitted) $333,228 $345,810 $374,470 $396,330 $394,406 $440,674 
Portfolio turnover rateG 22%H 22% 20% 19% 20% 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 sales charges.

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

 G Amounts do not include the activity of Underlying Funds.

 H 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.86 $13.60 $13.20 $12.42 $13.35 $13.45 
Income from Investment Operations       
Net investment income (loss)A B .12 .06 .09 .11 .11 
Net realized and unrealized gain (loss) .42 .17 1.05 1.15 (.51) .55 
Total from investment operations .42 .29 1.11 1.24 (.40) .66 
Distributions from net investment income – (.14) (.09) (.10) (.12) (.12) 
Distributions from net realized gain (.40) (.90) (.62) (.36) (.41) (.64) 
Total distributions (.40) (1.03)C (.71) (.46) (.53) (.76) 
Net asset value, end of period $12.88 $12.86 $13.60 $13.20 $12.42 $13.35 
Total ReturnD,E,F 3.36% 2.55% 8.45% 10.26% (3.11)% 5.07% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.60%I 1.61% 1.52% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.60%I 1.61% 1.52% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.60%I 1.61% 1.52% 1.00% 1.00% 1.00% 
Net investment income (loss) (.01)%I .93% .42% .71% .87% .84% 
Supplemental Data       
Net assets, end of period (000 omitted) $55,776 $63,123 $98,878 $101,268 $105,128 $112,535 
Portfolio turnover rateH 22%I 22% 20% 19% 20% 21% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $1.03 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.895 per share.

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

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

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

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

 H Amounts do not include the activity of Underlying Funds.

 I 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.07 $13.82 $13.41 $12.61 $13.54 $13.63 
Income from Investment Operations       
Net investment income (loss)A .06 .26 .20 .22 .24 .25 
Net realized and unrealized gain (loss) .44 .17 1.05 1.16 (.51) .56 
Total from investment operations .50 .43 1.25 1.38 (.27) .81 
Distributions from net investment income (.02) (.26) (.22) (.22) (.25) (.26) 
Distributions from net realized gain (.40) (.92) (.62) (.36) (.41) (.64) 
Total distributions (.42) (1.18) (.84) (.58) (.66) (.90) 
Net asset value, end of period $13.15 $13.07 $13.82 $13.41 $12.61 $13.54 
Total ReturnB,C 3.92% 3.61% 9.45% 11.36% (2.07)% 6.13% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .60%F .61% .52% - %G - %G - %G 
Expenses net of fee waivers, if any .60%F .61% .52% -% -% -% 
Expenses net of all reductions .60%F .61% .52% -% -% -% 
Net investment income (loss) .99%F 1.92% 1.42% 1.71% 1.87% 1.84% 
Supplemental Data       
Net assets, end of period (000 omitted) $767,012 $795,372 $803,562 $743,042 $767,908 $836,880 
Portfolio turnover rateE 22%F 22% 20% 19% 20% 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 Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.02 $13.69 
Income from Investment Operations   
Net investment income (loss)B .07 .21 
Net realized and unrealized gain (loss) .43 (.15)C 
Total from investment operations .50 .06 
Distributions from net investment income (.04) (.30) 
Distributions from net realized gain (.40) (.43) 
Total distributions (.44) (.73) 
Net asset value, end of period $13.08 $13.02 
Total ReturnD,E 3.93% .91% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .52%H .54%H,I 
Expenses net of fee waivers, if any .52%H .54%H,I 
Expenses net of all reductions .52%H .54%H,I 
Net investment income (loss) 1.07%H 3.41%H 
Supplemental Data   
Net assets, end of period (000 omitted) $24,881 $2,585 
Portfolio turnover rateG 22%H 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

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

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

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2020 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.04 $13.81 $13.62 
Income from Investment Operations    
Net investment income (loss)B .08 .28 .08 
Net realized and unrealized gain (loss) .42 .17 .75 
Total from investment operations .50 .45 .83 
Distributions from net investment income (.03) (.30) (.23) 
Distributions from net realized gain (.40) (.92) (.41) 
Total distributions (.43) (1.22) (.64) 
Net asset value, end of period $13.11 $13.04 $13.81 
Total ReturnC,D 3.91% 3.76% 6.08% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .43%G .43% .45%G,H 
Expenses net of fee waivers, if any .43%G .43% .45%G,H 
Expenses net of all reductions .43%G .43% .45%G,H 
Net investment income (loss) 1.16%G 2.10% .71%G 
Supplemental Data    
Net assets, end of period (000 omitted) $53,487 $45,686 $29,132 
Portfolio turnover rateF 22%G 22% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 22.7 
Fidelity Series Emerging Markets Opportunities Fund 7.3 
Fidelity Series Large Cap Stock Fund 6.9 
Fidelity Series International Growth Fund 6.5 
Fidelity Series International Value Fund 6.5 
Fidelity Series Inflation-Protected Bond Index Fund 6.1 
Fidelity Series Stock Selector Large Cap Value Fund 4.5 
Fidelity Series Value Discovery Fund 4.4 
Fidelity Series Government Money Market Fund 2.07% 4.0 
Fidelity Advisor Series Equity Growth Fund 3.9 
 72.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 36.2% 
   International Equity Funds 25.4% 
   Bond Funds 33.4% 
   Short-Term Funds 5.0% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2025 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 2.09% 10/17/19 to 12/26/19(a)   
(Cost $1,643,386) 1,650,000 1,643,677 
 Shares Value 
Domestic Equity Funds - 36.2%   
Fidelity Advisor Series Equity Growth Fund (b) 7,890,949 $114,024,211 
Fidelity Advisor Series Growth Opportunities Fund (b) 5,133,685 74,643,778 
Fidelity Advisor Series Small Cap Fund (b) 4,926,063 54,038,914 
Fidelity Series All-Sector Equity Fund (b) 5,203,948 52,715,992 
Fidelity Series Commodity Strategy Fund (b) 22,036,871 101,149,236 
Fidelity Series Large Cap Stock Fund (b) 13,896,427 201,359,229 
Fidelity Series Large Cap Value Index Fund (b) 1,663,263 21,722,211 
Fidelity Series Opportunistic Insights Fund (b) 5,928,256 106,827,167 
Fidelity Series Small Cap Opportunities Fund (b) 5,422,310 69,785,131 
Fidelity Series Stock Selector Large Cap Value Fund (b) 10,527,180 131,273,932 
Fidelity Series Value Discovery Fund (b) 9,977,658 129,809,335 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $866,066,286)  1,057,349,136 
International Equity Funds - 25.4%   
Fidelity Series Canada Fund (b) 2,042,642 22,612,046 
Fidelity Series Emerging Markets Fund (b) 2,446,351 22,530,894 
Fidelity Series Emerging Markets Opportunities Fund (b) 11,534,415 214,309,437 
Fidelity Series International Growth Fund (b) 11,552,765 189,118,758 
Fidelity Series International Small Cap Fund (b) 2,609,544 42,118,040 
Fidelity Series International Value Fund (b) 19,838,798 188,468,581 
Fidelity Series Overseas Fund (b) 6,117,259 60,683,209 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $607,293,584)  739,840,965 
Bond Funds - 33.4%   
Fidelity Series Emerging Markets Debt Fund (b) 2,075,991 19,514,311 
Fidelity Series Floating Rate High Income Fund (b) 421,448 3,915,253 
Fidelity Series High Income Fund (b) 2,264,440 21,512,179 
Fidelity Series Inflation-Protected Bond Index Fund (b) 17,529,471 176,697,072 
Fidelity Series International Credit Fund (b) 161,901 1,695,104 
Fidelity Series Investment Grade Bond Fund (b) 57,197,758 663,493,990 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 7,254,920 72,621,752 
Fidelity Series Real Estate Income Fund (b) 1,272,592 14,265,757 
TOTAL BOND FUNDS   
(Cost $937,777,817)  973,715,418 
Short-Term Funds - 5.0%   
Fidelity Cash Central Fund 1.96% (c) 1,737,754 1,738,102 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 116,152,540 116,152,540 
Fidelity Series Short-Term Credit Fund (b) 2,886,003 29,090,910 
TOTAL SHORT-TERM FUNDS   
(Cost $146,653,680)  146,981,552 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,559,434,753)  2,919,530,748 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,890,643) 
NET ASSETS - 100%  $2,917,640,105 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 26 Dec. 2019 $3,872,050 $13,976 $13,976 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 133 Dec. 2019 6,662,635 (190,366) (190,366) 
TOTAL PURCHASED     (176,390) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 168 Dec. 2019 15,946,560 89,633 89,633 
TOTAL FUTURES CONTRACTS     $(86,757) 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.5%

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 $1,643,677.

 (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 $47,798 
Total $47,798 

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 $133,889,507 $1,994,717 $26,944,552 $-- $6,252,223 $(1,167,684) $114,024,211 
Fidelity Advisor Series Growth Opportunities Fund 92,236,051 1,370,115 20,113,504 -- 6,294,472 (5,143,356) 74,643,778 
Fidelity Advisor Series Small Cap Fund 59,558,327 1,531,477 9,772,179 -- 666,648 2,054,641 54,038,914 
Fidelity Series All-Sector Equity Fund 60,005,061 904,782 11,207,906 -- (328,700) 3,342,755 52,715,992 
Fidelity Series Canada Fund 19,112,491 3,074,280 1,044,472 -- (1,406) 1,471,153 22,612,046 
Fidelity Series Commodity Strategy Fund 67,813,381 42,954,777 5,762,146 907,176 (647,342) (3,209,434) 101,149,236 
Fidelity Series Emerging Markets Debt Fund 20,071,618 934,143 1,091,827 596,704 (5,864) (393,759) 19,514,311 
Fidelity Series Emerging Markets Fund 21,387,953 3,602,899 1,123,184 -- (28,207) (1,308,567) 22,530,894 
Fidelity Series Emerging Markets Opportunities Fund 200,497,526 22,907,781 9,429,542 -- (427,249) 760,921 214,309,437 
Fidelity Series Floating Rate High Income Fund 3,950,579 188,858 232,446 116,552 (2,690) 10,952 3,915,253 
Fidelity Series Government Money Market Fund 2.07% 133,487,839 34,359,837 51,695,136 1,652,959 -- -- 116,152,540 
Fidelity Series High Income Fund 26,316,404 1,068,387 6,110,584 714,214 (205,373) 443,345 21,512,179 
Fidelity Series Inflation-Protected Bond Index Fund 120,920,595 58,807,653 6,891,069 262,455 34,835 3,825,058 176,697,072 
Fidelity Series International Credit Fund 1,580,415 21,003 -- 21,003 -- 93,686 1,695,104 
Fidelity Series International Growth Fund 182,036,344 2,993,328 9,798,335 -- 775,925 13,111,496 189,118,758 
Fidelity Series International Small Cap Fund 43,024,293 722,287 3,282,648 -- 190,072 1,464,036 42,118,040 
Fidelity Series International Value Fund 173,983,022 18,602,704 8,302,906 -- (25,006) 4,210,767 188,468,581 
Fidelity Series Investment Grade Bond Fund 578,541,563 106,494,787 43,668,369 9,468,353 609 22,125,400 663,493,990 
Fidelity Series Large Cap Stock Fund 224,696,763 13,507,170 34,983,636 9,989,017 (1,305,684) (555,384) 201,359,229 
Fidelity Series Large Cap Value Index Fund 24,894,526 367,101 4,763,003 -- 860,846 362,741 21,722,211 
Fidelity Series Long-Term Treasury Bond Index Fund 163,441,825 7,441,570 115,880,406 1,985,437 11,584,501 6,034,262 72,621,752 
Fidelity Series Opportunistic Insights Fund 124,294,179 1,861,906 23,606,329 -- 1,713,982 2,563,429 106,827,167 
Fidelity Series Overseas Fund -- 60,258,765 -- -- -- 424,444 60,683,209 
Fidelity Series Real Estate Income Fund 13,863,553 749,334 731,740 522,769 12,399 372,211 14,265,757 
Fidelity Series Short-Term Credit Fund 33,592,360 6,374,153 11,265,679 475,527 67,475 322,601 29,090,910 
Fidelity Series Small Cap Opportunities Fund 76,888,547 5,653,555 9,651,851 4,455,865 (229,694) (2,875,426) 69,785,131 
Fidelity Series Stock Selector Large Cap Value Fund 148,034,308 2,301,354 27,093,064 -- (89,211) 8,120,545 131,273,932 
Fidelity Series Value Discovery Fund 145,224,728 2,193,508 23,353,182 -- 1,043,793 4,700,488 129,809,335 
 $2,893,343,758 $403,242,231 $467,799,695 $31,168,031 $26,201,354 $61,161,321 $2,916,148,969 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,643,677 $-- $1,643,677 $-- 
Domestic Equity Funds 1,057,349,136 1,057,349,136 -- -- 
International Equity Funds 739,840,965 739,840,965 -- -- 
Bond Funds 973,715,418 973,715,418 -- -- 
Short-Term Funds 146,981,552 146,981,552 -- -- 
Total Investments in Securities: $2,919,530,748 $2,917,887,071 $1,643,677 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $103,609 $103,609 $-- $-- 
Total Assets $103,609 $103,609 $-- $-- 
Liabilities     
Futures Contracts $(190,366) $(190,366) $-- $-- 
Total Liabilities $(190,366) $(190,366) $-- $-- 
Total Derivative Instruments: $(86,757) $(86,757) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $103,609 $(190,366) 
Total Equity Risk 103,609 (190,366) 
Total Value of Derivatives $103,609 $(190,366) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,643,386) 
$1,643,677  
Fidelity Central Funds (cost $1,738,071) 1,738,102  
Other affiliated issuers (cost $2,556,053,296) 2,916,148,969  
Total Investment in Securities (cost $2,559,434,753)  $2,919,530,748 
Receivable for investments sold  25,032,272 
Receivable for fund shares sold  2,947,978 
Distributions receivable from Fidelity Central Funds  3,989 
Receivable for daily variation margin on futures contracts  57,085 
Other receivables  1,963 
Total assets  2,947,574,035 
Liabilities   
Payable for investments purchased $12,846,621  
Payable for fund shares redeemed 15,026,002  
Accrued management fee 1,564,415  
Distribution and service plan fees payable 496,892  
Total liabilities  29,933,930 
Net Assets  $2,917,640,105 
Net Assets consist of:   
Paid in capital  $2,517,810,843 
Total accumulated earnings (loss)  399,829,262 
Net Assets  $2,917,640,105 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,282,869,771 ÷ 98,580,968 shares)(a)  $13.01 
Maximum offering price per share (100/94.25 of $13.01)  $13.80 
Class M:   
Net Asset Value and redemption price per share ($425,967,866 ÷ 32,693,553 shares)(a)  $13.03 
Maximum offering price per share (100/96.50 of $13.03)  $13.50 
Class C:   
Net Asset Value and offering price per share ($60,106,059 ÷ 4,703,401 shares)(a)  $12.78 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,051,729,829 ÷ 80,005,094 shares)  $13.15 
Class Z:   
Net Asset Value, offering price and redemption price per share ($27,490,378 ÷ 2,102,927 shares)  $13.07 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($69,476,202 ÷ 5,299,334 shares)  $13.11 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $21,442,290 
Interest  12,047 
Income from Fidelity Central Funds  47,798 
Total income  21,502,135 
Expenses   
Management fee $9,360,909  
Distribution and service plan fees 3,005,437  
Independent trustees' fees and expenses 5,861  
Total expenses before reductions 12,372,207  
Expense reductions (36)  
Total expenses after reductions  12,372,171 
Net investment income (loss)  9,129,964 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 9,399  
Affiliated issuers 26,201,354  
Futures contracts 2,321,231  
Capital gain distributions from underlying funds:   
Affiliated issuers 9,725,741  
Total net realized gain (loss)  38,257,725 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 239  
Fidelity Central Funds (1)  
Other affiliated issuers 61,161,321  
Futures contracts 161,722  
Total change in net unrealized appreciation (depreciation)  61,323,281 
Net gain (loss)  99,581,006 
Net increase (decrease) in net assets resulting from operations  $108,710,970 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $9,129,964 $48,268,541 
Net realized gain (loss) 38,257,725 193,007,928 
Change in net unrealized appreciation (depreciation) 61,323,281 (144,992,172) 
Net increase (decrease) in net assets resulting from operations 108,710,970 96,284,297 
Distributions to shareholders (101,745,177) (246,718,993) 
Share transactions - net increase (decrease) 7,460,194 44,282,154 
Total increase (decrease) in net assets 14,425,987 (106,152,542) 
Net Assets   
Beginning of period 2,903,214,118 3,009,366,660 
End of period $2,917,640,105 $2,903,214,118 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.99 $13.74 $13.16 $12.29 $13.25 $13.33 
Income from Investment Operations       
Net investment income (loss)A .04 .21 .15 .18 .19 .21 
Net realized and unrealized gain (loss) .44 .18 1.15 1.24 (.54) .60 
Total from investment operations .48 .39 1.30 1.42 (.35) .81 
Distributions from net investment income B (.21) (.17) (.18) (.20) (.22) 
Distributions from net realized gain (.45) (.93) (.55) (.37) (.42) (.67) 
Total distributions (.46)C (1.14) (.72) (.55) (.61)D (.89) 
Net asset value, end of period $13.01 $12.99 $13.74 $13.16 $12.29 $13.25 
Total ReturnE,F,G 3.78% 3.34% 9.96% 12.00% (2.72)% 6.26% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .89%J .90% .80% .25% .25% .25% 
Expenses net of fee waivers, if any .89%J .90% .80% .25% .25% .25% 
Expenses net of all reductions .89%J .90% .80% .25% .25% .25% 
Net investment income (loss) .57%J 1.62% 1.11% 1.43% 1.53% 1.55% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,282,870 $1,304,020 $1,435,987 $1,503,384 $1,543,665 $1,853,121 
Portfolio turnover rateI 28%J 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.004 and distributions from net realized gain of $.453 per share.

 D Total distributions of $.61 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.419 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.01 $13.76 $13.18 $12.31 $13.27 $13.35 
Income from Investment Operations       
Net investment income (loss)A .02 .18 .12 .15 .16 .17 
Net realized and unrealized gain (loss) .45 .18 1.15 1.24 (.54) .61 
Total from investment operations .47 .36 1.27 1.39 (.38) .78 
Distributions from net investment income – (.19) (.14) (.15) (.16) (.19) 
Distributions from net realized gain (.45) (.92) (.55) (.37) (.42) (.67) 
Total distributions (.45) (1.11) (.69) (.52) (.58) (.86) 
Net asset value, end of period $13.03 $13.01 $13.76 $13.18 $12.31 $13.27 
Total ReturnB,C,D 3.70% 3.09% 9.69% 11.70% (2.95)% 6.00% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.14%G 1.15% 1.05% .50% .50% .50% 
Expenses net of fee waivers, if any 1.14%G 1.15% 1.05% .50% .50% .50% 
Expenses net of all reductions 1.14%G 1.15% 1.05% .50% .50% .50% 
Net investment income (loss) .32%G 1.37% .86% 1.18% 1.28% 1.30% 
Supplemental Data       
Net assets, end of period (000 omitted) $425,968 $423,584 $432,227 $418,713 $399,088 $405,224 
Portfolio turnover rateF 28%G 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Total returns do not include the effect of the sales charges.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.80 $13.54 $12.98 $12.14 $13.09 $13.19 
Income from Investment Operations       
Net investment income (loss)A (.01) .11 .05 .08 .10 .11 
Net realized and unrealized gain (loss) .44 .18 1.13 1.23 (.53) .59 
Total from investment operations .43 .29 1.18 1.31 (.43) .70 
Distributions from net investment income – (.13) (.08) (.10) (.11) (.12) 
Distributions from net realized gain (.45) (.91) (.54) (.37) (.41) (.67) 
Total distributions (.45) (1.03)B (.62) (.47) (.52) (.80)C 
Net asset value, end of period $12.78 $12.80 $13.54 $12.98 $12.14 $13.09 
Total ReturnD,E,F 3.41% 2.59% 9.14% 11.13% (3.40)% 5.42% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.64%I 1.65% 1.55% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.64%I 1.65% 1.55% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.64%I 1.65% 1.55% 1.00% 1.00% 1.00% 
Net investment income (loss) (.17)%I .87% .36% .68% .78% .80% 
Supplemental Data       
Net assets, end of period (000 omitted) $60,106 $64,691 $97,691 $97,994 $91,941 $94,878 
Portfolio turnover rateH 28%I 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.03 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.905 per share.

 C Total distributions of $.80 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.672 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.11 $13.86 $13.27 $12.39 $13.35 $13.43 
Income from Investment Operations       
Net investment income (loss)A .05 .25 .19 .21 .23 .24 
Net realized and unrealized gain (loss) .45 .18 1.16 1.26 (.54) .60 
Total from investment operations .50 .43 1.35 1.47 (.31) .84 
Distributions from net investment income (.01) (.25) (.21) (.21) (.23) (.25) 
Distributions from net realized gain (.45) (.93) (.55) (.37) (.42) (.67) 
Total distributions (.46) (1.18) (.76) (.59)B (.65) (.92) 
Net asset value, end of period $13.15 $13.11 $13.86 $13.27 $12.39 $13.35 
Total ReturnC,D 3.95% 3.63% 10.26% 12.26% (2.44)% 6.48% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .64%G .65% .56% - %H - %H - %H 
Expenses net of fee waivers, if any .64%G .65% .56% -% -% -% 
Expenses net of all reductions .64%G .65% .56% -% -% -% 
Net investment income (loss) .82%G 1.87% 1.35% 1.68% 1.78% 1.80% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,051,730 $1,051,420 $1,018,536 $879,740 $870,772 $838,616 
Portfolio turnover rateF 28%G 24% 23% 20% 24% 23% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.59 per share is comprised of distributions from net investment income of $.212 and distributions from net realized gain of $.373 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2025 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.05 $13.78 
Income from Investment Operations   
Net investment income (loss)B .06 .03 
Net realized and unrealized gain (loss) .44 (.02)C 
Total from investment operations .50 .01 
Distributions from net investment income (.03) (.30) 
Distributions from net realized gain (.45) (.44) 
Total distributions (.48) (.74) 
Net asset value, end of period $13.07 $13.05 
Total ReturnD,E 3.97% .56% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .56%H .56%H 
Expenses net of fee waivers, if any .56%H .56%H 
Expenses net of all reductions .56%H .56%H 
Net investment income (loss) .91%H .43%H 
Supplemental Data   
Net assets, end of period (000 omitted) $27,490 $3,396 
Portfolio turnover rateG 28%H 24% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.08 $13.85 $13.53 
Income from Investment Operations    
Net investment income (loss)B .07 .27 .10 
Net realized and unrealized gain (loss) .43 .18 .80 
Total from investment operations .50 .45 .90 
Distributions from net investment income (.02) (.29) (.22) 
Distributions from net realized gain (.45) (.93) (.36) 
Total distributions (.47) (1.22) (.58) 
Net asset value, end of period $13.11 $13.08 $13.85 
Total ReturnC,D 3.96% 3.85% 6.61% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .45%G .45% .47%G,H 
Expenses net of fee waivers, if any .45%G .45% .47%G,H 
Expenses net of all reductions .45%G .45% .47%G,H 
Net investment income (loss) 1.02%G 2.07% .89%G 
Supplemental Data    
Net assets, end of period (000 omitted) $69,476 $56,103 $24,926 
Portfolio turnover rateF 28%G 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 18.8 
Fidelity Series Emerging Markets Opportunities Fund 8.3 
Fidelity Series Large Cap Stock Fund 8.2 
Fidelity Series International Growth Fund 7.6 
Fidelity Series International Value Fund 7.5 
Fidelity Series Stock Selector Large Cap Value Fund 5.4 
Fidelity Series Value Discovery Fund 5.3 
Fidelity Advisor Series Equity Growth Fund 4.7 
Fidelity Series Opportunistic Insights Fund 4.4 
Fidelity Series Inflation-Protected Bond Index Fund 4.0 
 74.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 42.5% 
   International Equity Funds 29.1% 
   Bond Funds 27.3% 
   Short-Term Funds 1.1% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2030 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 1.95% 11/29/19 to 12/26/19(a)   
(Cost $1,713,381) 1,720,000 1,713,763 
 Shares Value 
Domestic Equity Funds - 42.5%   
Fidelity Advisor Series Equity Growth Fund (b) 9,747,254 $140,847,818 
Fidelity Advisor Series Growth Opportunities Fund (b) 6,348,618 92,308,910 
Fidelity Advisor Series Small Cap Fund (b) 6,084,353 66,745,358 
Fidelity Series All-Sector Equity Fund (b) 6,427,813 65,113,743 
Fidelity Series Commodity Strategy Fund (b) 22,852,935 104,894,972 
Fidelity Series Large Cap Stock Fund (b) 17,167,361 248,755,056 
Fidelity Series Large Cap Value Index Fund (b) 2,054,021 26,825,513 
Fidelity Series Opportunistic Insights Fund (b) 7,322,619 131,953,588 
Fidelity Series Small Cap Opportunities Fund (b) 6,697,892 86,201,875 
Fidelity Series Stock Selector Large Cap Value Fund (b) 13,004,624 162,167,663 
Fidelity Series Value Discovery Fund (b) 12,326,207 160,363,956 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,059,719,096)  1,286,178,452 
International Equity Funds - 29.1%   
Fidelity Series Canada Fund (b) 2,374,243 26,282,869 
Fidelity Series Emerging Markets Fund (b) 2,957,951 27,242,725 
Fidelity Series Emerging Markets Opportunities Fund (b) 13,469,846 250,269,732 
Fidelity Series International Growth Fund (b) 14,004,364 229,251,445 
Fidelity Series International Small Cap Fund (b) 3,089,864 49,870,400 
Fidelity Series International Value Fund (b) 23,861,902 226,688,070 
Fidelity Series Overseas Fund (b) 7,121,050 70,640,820 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $733,312,504)  880,246,061 
Bond Funds - 27.3%   
Fidelity Series Emerging Markets Debt Fund (b) 2,074,833 19,503,429 
Fidelity Series Floating Rate High Income Fund (b) 420,584 3,907,221 
Fidelity Series High Income Fund (b) 2,352,885 22,352,403 
Fidelity Series Inflation-Protected Bond Index Fund (b) 12,021,942 121,181,177 
Fidelity Series International Credit Fund (b) 158,739 1,661,994 
Fidelity Series Investment Grade Bond Fund (b) 48,904,225 567,289,018 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 7,615,188 76,228,035 
Fidelity Series Real Estate Income Fund (b) 1,286,270 14,419,089 
TOTAL BOND FUNDS   
(Cost $794,260,929)  826,542,366 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund 1.96% (c) 1,779,446 1,779,802 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 23,389,964 23,389,964 
Fidelity Series Short-Term Credit Fund (b) 622,529 6,275,090 
TOTAL SHORT-TERM FUNDS   
(Cost $31,320,959)  31,444,856 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,620,326,869)  3,026,125,498 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (2,175,102) 
NET ASSETS - 100%  $3,023,950,396 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 67 Dec. 2019 $9,977,975 $15,557 $15,557 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 78 Dec. 2019 3,907,410 (131,212) (131,212) 
TOTAL PURCHASED     (115,655) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 172 Dec. 2019 16,326,240 96,694 96,694 
TOTAL FUTURES CONTRACTS     $(18,961) 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

The notional amount of futures sold as a percentage of Net Assets is 0.5%

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 $1,713,763.

 (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 $57,084 
Total $57,084 

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 $164,060,070 $3,522,504 $32,948,693 $-- $6,470,190 $(256,253) $140,847,818 
Fidelity Advisor Series Growth Opportunities Fund 109,846,006 2,370,664 21,168,691 -- 6,317,296 (5,056,365) 92,308,910 
Fidelity Advisor Series Small Cap Fund 73,914,014 1,988,864 12,582,878 -- 999,252 2,426,106 66,745,358 
Fidelity Series All-Sector Equity Fund 72,450,297 1,685,810 12,694,363 -- 84,852 3,587,147 65,113,743 
Fidelity Series Canada Fund 22,832,798 2,761,411 1,044,243 -- (3,202) 1,736,105 26,282,869 
Fidelity Series Commodity Strategy Fund 68,895,139 45,162,462 5,159,129 937,460 (792,751) (3,210,749) 104,894,972 
Fidelity Series Emerging Markets Debt Fund 19,834,842 1,097,246 1,031,004 593,278 (9,505) (388,150) 19,503,429 
Fidelity Series Emerging Markets Fund 24,520,099 5,207,086 937,626 -- (24,660) (1,522,174) 27,242,725 
Fidelity Series Emerging Markets Opportunities Fund 231,889,100 27,008,189 8,857,938 -- (303,688) 534,069 250,269,732 
Fidelity Series Floating Rate High Income Fund 3,894,582 223,650 219,092 115,658 (3,507) 11,588 3,907,221 
Fidelity Series Government Money Market Fund 2.07% 39,180,732 24,821,059 40,611,827 500,208 -- -- 23,389,964 
Fidelity Series High Income Fund 26,491,659 1,252,805 5,636,737 738,271 (149,605) 394,281 22,352,403 
Fidelity Series Inflation-Protected Bond Index Fund 41,305,577 81,237,978 3,009,128 122,326 414 1,646,336 121,181,177 
Fidelity Series International Credit Fund 1,549,545 20,593 -- 20,593 -- 91,856 1,661,994 
Fidelity Series International Growth Fund 218,093,372 5,218,385  10,797,311 -- 1,073,064 15,663,935 229,251,445 
Fidelity Series International Small Cap Fund 50,929,926 1,239,920 4,268,272 -- 229,508 1,739,318 49,870,400 
Fidelity Series International Value Fund 209,358,613 21,059,953 8,639,721 -- (49,190) 4,958,415 226,688,070 
Fidelity Series Investment Grade Bond Fund 457,229,674 121,044,148  28,874,329 7,713,739 345,348 17,544,177 567,289,018 
Fidelity Series Large Cap Stock Fund 282,754,506 18,750,421 50,718,764 12,458,317 (1,521,547) (509,560) 248,755,056 
Fidelity Series Large Cap Value Index Fund 31,405,664 685,955 6,795,209 -- 1,149,699 379,404 26,825,513 
Fidelity Series Long-Term Treasury Bond Index Fund 171,081,450 9,327,247 123,107,970 2,088,820 12,498,407 6,428,901 76,228,035 
Fidelity Series Opportunistic Insights Fund 152,892,141 3,313,050 29,352,477 -- 796,349 4,304,525 131,953,588 
Fidelity Series Overseas Fund -- 70,303,635 -- -- -- 337,185 70,640,820 
Fidelity Series Real Estate Income Fund 13,861,248 865,786 693,519 527,411 4,934 380,640 14,419,089 
Fidelity Series Short-Term Credit Fund 9,799,575 3,814,689  7,465,554 140,484 61,146 65,234 6,275,090 
Fidelity Series Small Cap Opportunities Fund 95,596,558 7,745,655 13,297,452 5,572,430 (470,097) (3,372,789) 86,201,875 
Fidelity Series Stock Selector Large Cap Value Fund 184,673,503 4,076,001 36,575,517 -- (2,020,494) 12,014,170 162,167,663 
Fidelity Series Value Discovery Fund 181,556,710 4,058,840 32,311,204 -- (678,509) 7,738,119 160,363,956 
 $2,959,897,400 $469,864,006 $498,798,648 $31,528,995 $24,003,704 $67,665,471 $3,022,631,933 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,713,763 $-- $1,713,763 $-- 
Domestic Equity Funds 1,286,178,452 1,286,178,452 -- -- 
International Equity Funds 880,246,061 880,246,061 -- -- 
Bond Funds 826,542,366 826,542,366 -- -- 
Short-Term Funds 31,444,856 31,444,856 -- -- 
Total Investments in Securities: $3,026,125,498 $3,024,411,735 $1,713,763 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $112,251 $112,251 $-- $-- 
Total Assets $112,251 $112,251 $-- $-- 
Liabilities     
Futures Contracts $(131,212) $(131,212) $-- $-- 
Total Liabilities $(131,212) $(131,212) $-- $-- 
Total Derivative Instruments: $(18,961) $(18,961) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $112,251 $(131,212) 
Total Equity Risk 112,251 (131,212) 
Total Value of Derivatives $112,251 $(131,212) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,713,381) 
$1,713,763  
Fidelity Central Funds (cost $1,779,749) 1,779,802  
Other affiliated issuers (cost $2,616,833,739) 3,022,631,933  
Total Investment in Securities (cost $2,620,326,869)  $3,026,125,498 
Receivable for investments sold  38,202,400 
Receivable for fund shares sold  2,417,577 
Distributions receivable from Fidelity Central Funds  3,989 
Receivable for daily variation margin on futures contracts  56,107 
Other receivables  2,445 
Total assets  3,066,808,016 
Liabilities   
Payable for investments purchased $22,638,174  
Payable for fund shares redeemed 17,980,002  
Accrued management fee 1,727,286  
Distribution and service plan fees payable 512,158  
Total liabilities  42,857,620 
Net Assets  $3,023,950,396 
Net Assets consist of:   
Paid in capital  $2,584,966,956 
Total accumulated earnings (loss)  438,983,440 
Net Assets  $3,023,950,396 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,274,143,571 ÷ 91,407,626 shares)(a)  $13.94 
Maximum offering price per share (100/94.25 of $13.94)  $14.79 
Class M:   
Net Asset Value and redemption price per share ($457,637,583 ÷ 33,042,404 shares)(a)  $13.85 
Maximum offering price per share (100/96.50 of $13.85)  $14.35 
Class C:   
Net Asset Value and offering price per share ($64,277,960 ÷ 4,715,752 shares)(a)  $13.63 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,121,058,807 ÷ 79,875,474 shares)  $14.04 
Class Z:   
Net Asset Value, offering price and redemption price per share ($31,783,740 ÷ 2,277,104 shares)  $13.96 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($75,048,735 ÷ 5,361,575 shares)  $14.00 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $19,424,092 
Interest  14,440 
Income from Fidelity Central Funds  57,084 
Total income  19,495,616 
Expenses   
Management fee $10,275,088  
Distribution and service plan fees 3,082,921  
Independent trustees' fees and expenses 6,031  
Total expenses before reductions 13,364,040  
Expense reductions (113)  
Total expenses after reductions  13,363,927 
Net investment income (loss)  6,131,689 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 11,702  
Affiliated issuers 24,003,704  
Futures contracts 2,009,436  
Capital gain distributions from underlying funds:   
Affiliated issuers 12,104,903  
Total net realized gain (loss)  38,129,745 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 294  
Affiliated issuers 67,665,471  
Futures contracts 321,178  
Total change in net unrealized appreciation (depreciation)  67,986,943 
Net gain (loss)  106,116,688 
Net increase (decrease) in net assets resulting from operations  $112,248,377 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,131,689 $47,515,441 
Net realized gain (loss) 38,129,745 225,901,124 
Change in net unrealized appreciation (depreciation) 67,986,943 (173,882,296) 
Net increase (decrease) in net assets resulting from operations 112,248,377 99,534,269 
Distributions to shareholders (123,574,637) (274,553,385) 
Share transactions - net increase (decrease) 62,847,627 154,113,608 
Total increase (decrease) in net assets 51,521,367 (20,905,508) 
Net Assets   
Beginning of period 2,972,429,029 2,993,334,537 
End of period $3,023,950,396 $2,972,429,029 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.01 $14.95 $14.12 $12.99 $14.13 $14.15 
Income from Investment Operations       
Net investment income (loss)A .02 .23 .15 .18 .19 .20 
Net realized and unrealized gain (loss) .49 .19 1.50 1.57 (.64) .70 
Total from investment operations .51 .42 1.65 1.75 (.45) .90 
Distributions from net investment income – (.24) (.16) (.18) (.19) (.21) 
Distributions from net realized gain (.58) (1.13) (.66) (.44) (.50) (.71) 
Total distributions (.58) (1.36)B (.82) (.62) (.69) (.92) 
Net asset value, end of period $13.94 $14.01 $14.95 $14.12 $12.99 $14.13 
Total ReturnC,D,E 3.77% 3.43% 11.80% 14.02% (3.36)% 6.54% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .94%H .94%I .84% .25% .25% .25% 
Expenses net of fee waivers, if any .94%H .94%I .84% .25% .25% .25% 
Expenses net of all reductions .94%H .94%I .84% .25% .25% .25% 
Net investment income (loss) .35%H 1.57% .99% 1.34% 1.39% 1.42% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,274,144 $1,279,896 $1,374,112 $1,414,388 $1,409,909 $1,704,036 
Portfolio turnover rateG 31%H 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.36 per share is comprised of distributions from net investment income of $.235 and distributions from net realized gain of $1.127 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.93 $14.88 $14.06 $12.94 $14.09 $14.10 
Income from Investment Operations       
Net investment income (loss)A .01 .19 .11 .15 .15 .17 
Net realized and unrealized gain (loss) .49 .19 1.50 1.56 (.64) .71 
Total from investment operations .50 .38 1.61 1.71 (.49) .88 
Distributions from net investment income – (.21) (.13) (.15) (.16) (.18) 
Distributions from net realized gain (.58) (1.12) (.66) (.44) (.50) (.71) 
Total distributions (.58) (1.33) (.79) (.59) (.66) (.89) 
Net asset value, end of period $13.85 $13.93 $14.88 $14.06 $12.94 $14.09 
Total ReturnB,C,D 3.67% 3.12% 11.53% 13.74% (3.67)% 6.37% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.19%G 1.19%H 1.09% .50% .50% .50% 
Expenses net of fee waivers, if any 1.19%G 1.19%H 1.09% .50% .50% .50% 
Expenses net of all reductions 1.19%G 1.19%H 1.09% .50% .50% .50% 
Net investment income (loss) .10%G 1.32% .74% 1.09% 1.14% 1.17% 
Supplemental Data       
Net assets, end of period (000 omitted) $457,638 $453,917 $452,750 $442,505 $423,312 $453,137 
Portfolio turnover rateF 31%G 22% 25% 18% 22% 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.75 $14.71 $13.92 $12.83 $13.97 $14.00 
Income from Investment Operations       
Net investment income (loss)A (.03) .12 .03 .08 .08 .09 
Net realized and unrealized gain (loss) .49 .18 1.48 1.55 (.63) .70 
Total from investment operations .46 .30 1.51 1.63 (.55) .79 
Distributions from net investment income – (.15) (.07) (.10) (.11) (.12) 
Distributions from net realized gain (.58) (1.11) (.65) (.44) (.48) (.70) 
Total distributions (.58) (1.26) (.72) (.54) (.59) (.82) 
Net asset value, end of period $13.63 $13.75 $14.71 $13.92 $12.83 $13.97 
Total ReturnB,C,D 3.42% 2.57% 10.97% 13.21% (4.10)% 5.76% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.68%G,H 1.69%H 1.59% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.68%G,H 1.69%H 1.59% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.68%G,H 1.69%H 1.59% 1.00% 1.00% 1.00% 
Net investment income (loss) (.39)%G .82% .24% .59% .64% .67% 
Supplemental Data       
Net assets, end of period (000 omitted) $64,278 $66,505 $96,199 $94,517 $87,691 $91,154 
Portfolio turnover rateF 31%G 22% 25% 18% 22% 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 contingent deferred sales charge.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.09 $15.04 $14.21 $13.06 $14.21 $14.22 
Income from Investment Operations       
Net investment income (loss)A .04 .26 .18 .21 .22 .24 
Net realized and unrealized gain (loss) .50 .19 1.51 1.59 (.65) .71 
Total from investment operations .54 .45 1.69 1.80 (.43) .95 
Distributions from net investment income – (.27) (.21) (.21) (.23) (.25) 
Distributions from net realized gain (.59) (1.14) (.66) (.44) (.50) (.71) 
Total distributions (.59) (1.40)B (.86)C (.65) (.72)D (.96) 
Net asset value, end of period $14.04 $14.09 $15.04 $14.21 $13.06 $14.21 
Total ReturnE,F 3.96% 3.65% 12.04% 14.38% (3.16)% 6.85% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .69%I .69%J .60% - %K - %K - %K 
Expenses net of fee waivers, if any .69%I .69%J .60% -% -% -% 
Expenses net of all reductions .69%I .69%J .60% -% -% -% 
Net investment income (loss) .60%I 1.82% 1.23% 1.59% 1.64% 1.67% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,121,059 $1,108,684 $1,043,420 $871,845 $861,408 $919,561 
Portfolio turnover rateH 31%I 22% 25% 18% 22% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.40 per share is comprised of distributions from net investment income of $.266 and distributions from net realized gain of $1.137 per share.

 C Total distributions of $.86 per share is comprised of distributions from net investment income of $.205 and distributions from net realized gain of $.656 per share.

 D Total distributions of $.72 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.499 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 K 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $14.03 $14.99 
Income from Investment Operations   
Net investment income (loss)B .05 .04 
Net realized and unrealized gain (loss) .49 (.15)C 
Total from investment operations .54 (.11) 
Distributions from net investment income – (.33) 
Distributions from net realized gain (.61) (.53) 
Total distributions (.61) (.85)D 
Net asset value, end of period $13.96 $14.03 
Total ReturnE,F 3.99% (.09)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .60%I,J .60%I 
Expenses net of fee waivers, if any .60%I,J .60%I 
Expenses net of all reductions .60%I,J .60%I 
Net investment income (loss) .69%I .65%I 
Supplemental Data   
Net assets, end of period (000 omitted) $31,784 $2,948 
Portfolio turnover rateH 31%I 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.85 per share is comprised of distributions from net investment income of $.327 and distributions from net realized gain of $.527 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2030 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.05 $15.03 $14.53 
Income from Investment Operations    
Net investment income (loss)B .06 .29 .16 
Net realized and unrealized gain (loss) .49 .19 .99 
Total from investment operations .55 .48 1.15 
Distributions from net investment income – (.30) (.23) 
Distributions from net realized gain (.60) (1.15) (.42) 
Total distributions (.60) (1.46)C (.65) 
Net asset value, end of period $14.00 $14.05 $15.03 
Total ReturnD,E 4.04% 3.84% 7.90% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .47%H .47% .49%H,I 
Expenses net of fee waivers, if any .47%H .47% .49%H,I 
Expenses net of all reductions .47%H .47% .49%H,I 
Net investment income (loss) .82%H 2.05% 1.29%H 
Supplemental Data    
Net assets, end of period (000 omitted) $75,049 $60,480 $26,854 
Portfolio turnover rateG 31%H 22% 25% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.46 per share is comprised of distributions from net investment income of $.301 and distributions from net realized gain of $1.154 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 10.2 
Fidelity Series Emerging Markets Opportunities Fund 9.5 
Fidelity Series International Growth Fund 9.1 
Fidelity Series International Value Fund 8.9 
Fidelity Series Stock Selector Large Cap Value Fund 6.7 
Fidelity Series Value Discovery Fund 6.6 
Fidelity Series Investment Grade Bond Fund 6.5 
Fidelity Advisor Series Equity Growth Fund 5.8 
Fidelity Series Opportunistic Insights Fund 5.4 
Fidelity Advisor Series Growth Opportunities Fund 3.7 
 72.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.9% 
   International Equity Funds 34.2% 
   Bond Funds 13.0% 
   Short-Term Funds 0.9% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2035 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $1,416,983) 1,420,000 1,417,236 
 Shares Value 
Domestic Equity Funds - 51.9%   
Fidelity Advisor Series Equity Growth Fund (b) 9,830,670 $142,053,175 
Fidelity Advisor Series Growth Opportunities Fund (b) 6,339,636 92,178,311 
Fidelity Advisor Series Small Cap Fund (b) 6,145,782 67,419,227 
Fidelity Series All-Sector Equity Fund (b) 6,492,982 65,773,908 
Fidelity Series Commodity Strategy Fund (b) 18,572,028 85,245,609 
Fidelity Series Large Cap Stock Fund (b) 17,301,036 250,692,012 
Fidelity Series Large Cap Value Index Fund (b) 2,084,091 27,218,223 
Fidelity Series Opportunistic Insights Fund (b) 7,338,175 132,233,919 
Fidelity Series Small Cap Opportunities Fund (b) 6,747,624 86,841,919 
Fidelity Series Stock Selector Large Cap Value Fund (b) 13,111,533 163,500,821 
Fidelity Series Value Discovery Fund (b) 12,427,806 161,685,752 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,069,503,635)  1,274,842,876 
International Equity Funds - 34.2%   
Fidelity Series Canada Fund (b) 2,308,144 25,551,156 
Fidelity Series Emerging Markets Fund (b) 2,745,810 25,288,909 
Fidelity Series Emerging Markets Opportunities Fund (b) 12,534,019 232,882,067 
Fidelity Series International Growth Fund (b) 13,574,015 222,206,630 
Fidelity Series International Small Cap Fund (b) 2,979,342 48,086,587 
Fidelity Series International Value Fund (b) 22,866,508 217,231,829 
Fidelity Series Overseas Fund (b) 6,775,391 67,211,882 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $709,960,659)  838,459,060 
Bond Funds - 13.0%   
Fidelity Series Emerging Markets Debt Fund (b) 1,621,625 15,243,272 
Fidelity Series Floating Rate High Income Fund (b) 323,386 3,004,251 
Fidelity Series High Income Fund (b) 1,921,394 18,253,245 
Fidelity Series Inflation-Protected Bond Index Fund (b) 4,892,675 49,318,163 
Fidelity Series International Credit Fund (b) 125,302 1,311,916 
Fidelity Series Investment Grade Bond Fund (b) 13,772,359 159,759,370 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 6,155,732 61,618,874 
Fidelity Series Real Estate Income Fund (b) 1,026,465 11,506,676 
TOTAL BOND FUNDS   
(Cost $306,474,496)  320,015,767 
Short-Term Funds - 0.9%   
Fidelity Cash Central Fund 1.96% (c) 1,820,659 1,821,023 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 16,383,685 16,383,685 
Fidelity Series Short-Term Credit Fund (b) 407,181 4,104,383 
TOTAL SHORT-TERM FUNDS   
(Cost $22,219,440)  22,309,091 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $2,109,575,213)  2,457,044,030 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,794,794) 
NET ASSETS - 100%  $2,455,249,236 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 17 Dec. 2019 $2,531,725 $9,159 $9,159 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 69 Dec. 2019 3,456,555 (116,326) (116,326) 
TOTAL PURCHASED     (107,167) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 121 Dec. 2019 11,485,320 78,656 78,656 
TOTAL FUTURES CONTRACTS     $(28,511) 

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 0.5%

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 $1,417,236.

 (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 $39,827 
Total $39,827 

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 $163,199,101 $4,373,752 $31,608,046 $-- $3,941,567 $2,146,801 $142,053,175 
Fidelity Advisor Series Growth Opportunities Fund 113,155,881 2,816,424 25,133,600 -- 7,464,794 (6,125,188) 92,178,311 
Fidelity Advisor Series Small Cap Fund 73,364,029 2,092,178 11,413,393 -- 11,141 3,365,272 67,419,227 
Fidelity Series All-Sector Equity Fund 72,167,804 1,932,466 11,911,805 -- (21,838) 3,607,281 65,773,908 
Fidelity Series Canada Fund 21,627,882 3,193,628 929,947 -- 6,279 1,653,314 25,551,156 
Fidelity Series Commodity Strategy Fund 55,243,606 38,052,414 4,782,269 756,116 (513,732) (2,754,410) 85,245,609 
Fidelity Series Emerging Markets Debt Fund 15,328,974 950,871 725,439 460,397 (6,272) (304,862) 15,243,272 
Fidelity Series Emerging Markets Fund 22,456,421 5,073,974 815,432 -- (23,370) (1,402,684) 25,288,909 
Fidelity Series Emerging Markets Opportunities Fund 209,692,371 30,393,785 7,358,143 -- (62,000) 216,054 232,882,067 
Fidelity Series Floating Rate High Income Fund 2,958,818 193,356 154,054 88,256 (535) 6,666 3,004,251 
Fidelity Series Government Money Market Fund 2.07% 31,508,841 17,004,998 32,130,154 405,347 -- -- 16,383,685 
Fidelity Series High Income Fund 21,041,620 1,103,644 4,088,090 598,609 (62,756) 258,827 18,253,245 
Fidelity Series Inflation-Protected Bond Index Fund 6,935,494 42,741,579 606,166 20,186 (1,134) 248,390 49,318,163 
Fidelity Series International Credit Fund 1,223,153 16,256 -- 16,256 -- 72,507 1,311,916 
Fidelity Series International Growth Fund 209,106,186 6,025,632 9,007,776 -- 140,739 15,941,849 222,206,630 
Fidelity Series International Small Cap Fund 48,579,447 1,452,979 3,827,539 -- 5,859 1,875,841 48,086,587 
Fidelity Series International Value Fund 198,463,196 21,580,691 7,389,797 -- 571 4,577,168 217,231,829 
Fidelity Series Investment Grade Bond Fund 65,120,663 95,063,078 3,421,363 1,481,786 14,296 2,982,696 159,759,370 
Fidelity Series Large Cap Stock Fund 272,585,994 19,955,913 39,430,493 12,347,453 (1,240,525) (1,178,877) 250,692,012 
Fidelity Series Large Cap Value Index Fund 29,582,499 821,263 4,667,804 -- 587,725 894,540 27,218,223 
Fidelity Series Long-Term Treasury Bond Index Fund 137,577,206 9,589,122 101,096,432 1,691,542 10,612,241 4,936,737 61,618,874 
Fidelity Series Opportunistic Insights Fund 151,567,911 3,981,057 28,276,783 -- (441,057) 5,402,791 132,233,919 
Fidelity Series Overseas Fund -- 66,925,547 -- -- -- 286,335 67,211,882 
Fidelity Series Real Estate Income Fund 10,940,922 748,159 487,222 418,854 996 303,821 11,506,676 
Fidelity Series Short-Term Credit Fund 7,880,473 3,166,581 7,046,772 109,919 66,834 37,267 4,104,383 
Fidelity Series Small Cap Opportunities Fund 93,833,213 8,133,264 11,242,512 5,577,238 (512,564) (3,369,482) 86,841,919 
Fidelity Series Stock Selector Large Cap Value Fund 176,878,931 4,969,377 27,916,731 -- (1,821,204) 11,390,448 163,500,821 
Fidelity Series Value Discovery Fund 172,669,131 4,966,167 22,919,297 -- (918,156) 7,887,907 161,685,752 
 $2,384,689,767 $397,318,155 $398,387,059 $23,971,959 $17,227,899 $52,957,009 $2,453,805,771 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,417,236 $-- $1,417,236 $-- 
Domestic Equity Funds 1,274,842,876 1,274,842,876 -- -- 
International Equity Funds 838,459,060 838,459,060 -- -- 
Bond Funds 320,015,767 320,015,767 -- -- 
Short-Term Funds 22,309,091 22,309,091 -- -- 
Total Investments in Securities: $2,457,044,030 $2,455,626,794 $1,417,236 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $87,815 $87,815 $-- $-- 
Total Assets $87,815 $87,815 $-- $-- 
Liabilities     
Futures Contracts $(116,326) $(116,326) $-- $-- 
Total Liabilities $(116,326) $(116,326) $-- $-- 
Total Derivative Instruments: $(28,511) $(28,511) $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $87,815 $(116,326) 
Total Equity Risk 87,815 (116,326) 
Total Value of Derivatives $87,815 $(116,326) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,416,983) 
$1,417,236  
Fidelity Central Funds (cost $1,820,964) 1,821,023  
Other affiliated issuers (cost $2,106,337,266) 2,453,805,771  
Total Investment in Securities (cost $2,109,575,213)  $2,457,044,030 
Receivable for investments sold  24,603,350 
Receivable for fund shares sold  2,001,743 
Distributions receivable from Fidelity Central Funds  3,053 
Receivable for daily variation margin on futures contracts  44,022 
Other receivables  2,329 
Total assets  2,483,698,527 
Liabilities   
Payable for investments purchased $13,331,993  
Payable for fund shares redeemed 13,219,283  
Accrued management fee 1,490,904  
Distribution and service plan fees payable 407,111  
Total liabilities  28,449,291 
Net Assets  $2,455,249,236 
Net Assets consist of:   
Paid in capital  $2,089,851,171 
Total accumulated earnings (loss)  365,398,065 
Net Assets  $2,455,249,236 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,013,096,123 ÷ 75,611,152 shares)(a)  $13.40 
Maximum offering price per share (100/94.25 of $13.40)  $14.22 
Class M:   
Net Asset Value and redemption price per share ($375,661,554 ÷ 28,365,565 shares)(a)  $13.24 
Maximum offering price per share (100/96.50 of $13.24)  $13.72 
Class C:   
Net Asset Value and offering price per share ($43,584,458 ÷ 3,362,725 shares)(a)  $12.96 
Class I:   
Net Asset Value, offering price and redemption price per share ($945,156,734 ÷ 69,918,713 shares)  $13.52 
Class Z:   
Net Asset Value, offering price and redemption price per share ($21,882,349 ÷ 1,628,677 shares)  $13.44 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($55,868,018 ÷ 4,139,920 shares)  $13.49 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $11,908,546 
Interest  11,414 
Income from Fidelity Central Funds  39,827 
Total income  11,959,787 
Expenses   
Management fee $8,827,155  
Distribution and service plan fees 2,447,132  
Independent trustees' fees and expenses 4,861  
Total expenses before reductions 11,279,148  
Expense reductions (14)  
Total expenses after reductions  11,279,134 
Net investment income (loss)  680,653 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 11,155  
Affiliated issuers 17,227,899  
Futures contracts 1,062,127  
Capital gain distributions from underlying funds:   
Affiliated issuers 12,063,413  
Total net realized gain (loss)  30,364,594 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 225  
Fidelity Central Funds (1)  
Other affiliated issuers 52,957,009  
Futures contracts 262,626  
Total change in net unrealized appreciation (depreciation)  53,219,859 
Net gain (loss)  83,584,453 
Net increase (decrease) in net assets resulting from operations  $84,265,106 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $680,653 $34,166,177 
Net realized gain (loss) 30,364,594 207,304,831 
Change in net unrealized appreciation (depreciation) 53,219,859 (165,515,407) 
Net increase (decrease) in net assets resulting from operations 84,265,106 75,955,601 
Distributions to shareholders (114,760,437) (237,149,030) 
Share transactions - net increase (decrease) 93,408,216 157,081,350 
Total increase (decrease) in net assets 62,912,885 (4,112,079) 
Net Assets   
Beginning of period 2,392,336,351 2,396,448,430 
End of period $2,455,249,236 $2,392,336,351 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.58 $14.65 $13.61 $12.37 $13.51 $13.54 
Income from Investment Operations       
Net investment income (loss)A – .20 .12 .16 .16 .19 
Net realized and unrealized gain (loss) .47 .16 1.67 1.68 (.66) .71 
Total from investment operations .47 .36 1.79 1.84 (.50) .90 
Distributions from net investment income – (.22) (.14) (.16) (.17) (.19) 
Distributions from net realized gain (.65) (1.22) (.61) (.44) (.47) (.73) 
Total distributions (.65) (1.43)B (.75) (.60) (.64) (.93)C 
Net asset value, end of period $13.40 $13.58 $14.65 $13.61 $12.37 $13.51 
Total ReturnD,E,F 3.57% 3.19% 13.26% 15.51% (3.92)% 6.81% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .98%I .99% .87% .25% .25% .25% 
Expenses net of fee waivers, if any .98%I .99% .87% .25% .25% .25% 
Expenses net of all reductions .98%I .99% .87% .25% .25% .25% 
Net investment income (loss) - %I 1.40% .80% 1.22% 1.28% 1.36% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,013,096 $1,026,416 $1,082,982 $1,117,175 $1,094,459 $1,313,452 
Portfolio turnover rateH 33%I 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.43 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $1.218 per share.

 C Total distributions of $.93 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.733 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.44 $14.53 $13.51 $12.29 $13.42 $13.46 
Income from Investment Operations       
Net investment income (loss)A (.02) .16 .08 .12 .13 .15 
Net realized and unrealized gain (loss) .46 .16 1.66 1.68 (.65) .71 
Total from investment operations .44 .32 1.74 1.80 (.52) .86 
Distributions from net investment income – (.19) (.12) (.14) (.14) (.16) 
Distributions from net realized gain (.64) (1.22) (.60) (.44) (.46) (.73) 
Total distributions (.64) (1.41) (.72) (.58) (.61)B (.90)C 
Net asset value, end of period $13.24 $13.44 $14.53 $13.51 $12.29 $13.42 
Total ReturnD,E,F 3.41% 2.89% 12.98% 15.24% (4.08)% 6.52% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.23%I 1.24% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.23%I 1.24% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.23%I 1.24% 1.13% .50% .50% .50% 
Net investment income (loss) (.25)%I 1.15% .55% .97% 1.03% 1.11% 
Supplemental Data       
Net assets, end of period (000 omitted) $375,662 $366,074 $364,455 $336,939 $299,952 $303,711 
Portfolio turnover rateH 33%I 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.61 per share is comprised of distributions from net investment income of $.143 and distributions from net realized gain of $.464 per share.

 C Total distributions of $.90 per share is comprised of distributions from net investment income of $.162 and distributions from net realized gain of $.733 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.20 $14.29 $13.32 $12.14 $13.27 $13.32 
Income from Investment Operations       
Net investment income (loss)A (.05) .09 .01 .06 .07 .08 
Net realized and unrealized gain (loss) .45 .17 1.62 1.65 (.65) .70 
Total from investment operations .40 .26 1.63 1.71 (.58) .78 
Distributions from net investment income – (.13) (.07) (.09) (.10) (.11) 
Distributions from net realized gain (.64) (1.22) (.60) (.44) (.45) (.72) 
Total distributions (.64) (1.35) (.66)B (.53) (.55) (.83) 
Net asset value, end of period $12.96 $13.20 $14.29 $13.32 $12.14 $13.27 
Total ReturnC,D,E 3.16% 2.39% 12.40% 14.69% (4.58)% 6.01% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.73%H 1.73%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.73%H 1.73%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.73%H 1.73%I 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) (.75)%H .65% .05% .47% .53% .61% 
Supplemental Data       
Net assets, end of period (000 omitted) $43,584 $44,302 $65,519 $61,581 $54,813 $56,318 
Portfolio turnover rateG 33%H 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.66 per share is comprised of distributions from net investment income of $.066 and distributions from net realized gain of $.598 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $13.69 $14.75 $13.71 $12.45 $13.59 $13.61 
Income from Investment Operations       
Net investment income (loss)A .02 .23 .15 .19 .20 .22 
Net realized and unrealized gain (loss) .47 .17 1.68 1.70 (.67) .72 
Total from investment operations .49 .40 1.83 1.89 (.47) .94 
Distributions from net investment income – (.25) (.17) (.19) (.20) (.23) 
Distributions from net realized gain (.66) (1.22) (.62) (.44) (.47) (.73) 
Total distributions (.66) (1.46)B (.79) (.63) (.67) (.96) 
Net asset value, end of period $13.52 $13.69 $14.75 $13.71 $12.45 $13.59 
Total ReturnC,D 3.68% 3.47% 13.50% 15.79% (3.63)% 7.11% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .73%G .74% .64% - %H - %H - %H 
Expenses net of fee waivers, if any .73%G .74% .64% -% -% -% 
Expenses net of all reductions .73%G .74% .64% -% -% -% 
Net investment income (loss) .25%G 1.65% 1.04% 1.47% 1.53% 1.61% 
Supplemental Data       
Net assets, end of period (000 omitted) $945,157 $907,369 $867,707 $689,261 $684,976 $710,667 
Portfolio turnover rateF 33%G 23% 23% 18% 22% 25% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.46 per share is comprised of distributions from net investment income of $.245 and distributions from net realized gain of $1.218 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $13.63 $14.78 
Income from Investment Operations   
Net investment income (loss)B .02 .07 
Net realized and unrealized gain (loss) .47 (.32)C 
Total from investment operations .49 (.25) 
Distributions from net investment income – (.31) 
Distributions from net realized gain (.68) (.59) 
Total distributions (.68) (.90) 
Net asset value, end of period $13.44 $13.63 
Total ReturnD,E 3.72% (.96)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .63%H .63%H,I 
Expenses net of fee waivers, if any .63%H .63%H,I 
Expenses net of all reductions .63%H .63%H,I 
Net investment income (loss) .35%H 1.01%H 
Supplemental Data   
Net assets, end of period (000 omitted) $21,882 $2,821 
Portfolio turnover rateG 33%H 23% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2035 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $13.67 $14.75 $14.07 
Income from Investment Operations    
Net investment income (loss)B .03 .26 .12 
Net realized and unrealized gain (loss) .46 .16 1.15 
Total from investment operations .49 .42 1.27 
Distributions from net investment income – (.29) (.22) 
Distributions from net realized gain (.67) (1.22) (.38) 
Total distributions (.67) (1.50)C (.59)D 
Net asset value, end of period $13.49 $13.67 $14.75 
Total ReturnE,F 3.69% 3.65% 9.03% 
Ratios to Average Net AssetsG,H    
Expenses before reductions .49%I .49% .51%I,J 
Expenses net of fee waivers, if any .49%I .49% .51%I,J 
Expenses net of all reductions .49%I .49% .51%I,J 
Net investment income (loss) .49%I 1.90% .97%I 
Supplemental Data    
Net assets, end of period (000 omitted) $55,868 $45,355 $15,784 
Portfolio turnover rateH 33%I 23% 23% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.50 per share is comprised of distributions from net investment income of $.285 and distributions from net realized gain of $1.218 per share.

 D Total distributions of $.59 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $.378 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.1 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2040 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $1,386,691) 1,390,000 1,386,953 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Advisor Series Equity Growth Fund (b) 9,483,903 $137,042,397 
Fidelity Advisor Series Growth Opportunities Fund (b) 6,100,442 88,700,426 
Fidelity Advisor Series Small Cap Fund (b) 5,947,164 65,240,391 
Fidelity Series All-Sector Equity Fund (b) 6,284,655 63,663,557 
Fidelity Series Commodity Strategy Fund (b) 16,793,458 77,081,974 
Fidelity Series Large Cap Stock Fund (b) 16,670,869 241,560,895 
Fidelity Series Large Cap Value Index Fund (b) 2,034,660 26,572,660 
Fidelity Series Opportunistic Insights Fund (b) 7,081,993 127,617,507 
Fidelity Series Small Cap Opportunities Fund (b) 6,534,026 84,092,912 
Fidelity Series Stock Selector Large Cap Value Fund (b) 12,644,986 157,682,970 
Fidelity Series Value Discovery Fund (b) 11,985,653 155,933,346 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $1,032,652,234)  1,225,189,035 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 2,209,883 24,463,409 
Fidelity Series Emerging Markets Fund (b) 2,679,371 24,677,011 
Fidelity Series Emerging Markets Opportunities Fund (b) 11,884,661 220,816,995 
Fidelity Series International Growth Fund (b) 12,936,250 211,766,408 
Fidelity Series International Small Cap Fund (b) 2,847,788 45,963,293 
Fidelity Series International Value Fund (b) 21,940,300 208,432,853 
Fidelity Series Overseas Fund (b) 6,359,087 63,082,145 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $676,189,589)  799,202,114 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 1,464,507 13,766,365 
Fidelity Series Floating Rate High Income Fund (b) 288,021 2,675,711 
Fidelity Series High Income Fund (b) 1,756,289 16,684,749 
Fidelity Series Inflation-Protected Bond Index Fund (b) 3,491,100 35,190,292 
Fidelity Series International Credit Fund (b) 114,119 1,194,825 
Fidelity Series Investment Grade Bond Fund (b) 229,960 2,667,538 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 5,639,567 56,452,063 
Fidelity Series Real Estate Income Fund (b) 918,188 10,292,887 
TOTAL BOND FUNDS   
(Cost $130,804,006)  138,924,430 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 878,246 878,421 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 21,699,597 21,699,597 
Fidelity Series Short-Term Credit Fund (b) 539,277 5,435,910 
TOTAL SHORT-TERM FUNDS   
(Cost $27,955,215)  28,013,928 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,868,987,735)  2,192,716,460 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,679,650) 
NET ASSETS - 100%  $2,191,036,810 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 46 Dec. 2019 $6,850,550 $21,217 $21,217 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 31 Dec. 2019 1,552,945 (52,318) (52,318) 
TOTAL PURCHASED     (31,101) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 97 Dec. 2019 9,207,240 75,063 75,063 
TOTAL FUTURES CONTRACTS     $43,962 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,319,007.

 (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 $40,776 
Total $40,776 

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 $156,278,837 $3,253,017  $28,113,479  $-- $2,531,332  $3,092,690 $137,042,397 
Fidelity Advisor Series Growth Opportunities Fund 114,631,108 2,147,931  29,406,020  -- 8,894,429  (7,567,022) 88,700,426 
Fidelity Advisor Series Small Cap Fund 69,937,130 3,050,258  10,938,399  -- (328,757 ) 3,520,159 65,240,391 
Fidelity Series All-Sector Equity Fund 72,438,183 1,488,978  13,762,882  -- (1,109,403 ) 4,608,681 63,663,557 
Fidelity Series Canada Fund 20,405,806 3,457,480  994,510  -- 4,044  1,590,589 24,463,409 
Fidelity Series Commodity Strategy Fund 53,957,733 29,333,869  3,194,619  683,778 (252,483 ) (2,762,526) 77,081,974 
Fidelity Series Emerging Markets Debt Fund 14,076,429 759,649  790,585  418,849  (7,482 ) (271,646) 13,766,365 
Fidelity Series Emerging Markets Fund 21,170,601 5,672,486  865,930  -- (18,859 ) (1,281,287) 24,677,011 
Fidelity Series Emerging Markets Opportunities Fund 197,465,452 30,769,858  7,810,324  -- (63,918 ) 455,927 220,816,995 
Fidelity Series Floating Rate High Income Fund 2,685,794 152,298  168,105  79,270  (1,449 ) 7,173 2,675,711 
Fidelity Series Government Money Market Fund 2.07% 15,575,950 20,561,789  14,438,142  234,486  -- -- 21,699,597 
Fidelity Series High Income Fund 22,986,815 906,056  7,405,677  554,886  (257,566 ) 455,121 16,684,749 
Fidelity Series Inflation-Protected Bond Index Fund 6,304,555 29,334,869  579,043  18,278  (591 ) 130,502 35,190,292 
Fidelity Series International Credit Fund 1,113,984 14,805  -- 14,805  -- 66,036 1,194,825 
Fidelity Series International Growth Fund 202,291,154 4,471,020 10,491,554  -- 58,297  15,437,491 211,766,408 
Fidelity Series International Small Cap Fund 46,512,254 1,067,489  3,416,111  -- (187,154 ) 1,986,815 45,963,293 
Fidelity Series International Value Fund 189,282,195 23,515,993  8,867,722  -- 6,897  4,495,490 208,432,853 
Fidelity Series Investment Grade Bond Fund 13,911,189 5,391,744  17,376,988  248,086  787,364  (45,771) 2,667,538 
Fidelity Series Large Cap Stock Fund 259,544,447 17,591,397  33,183,748  11,917,367  (1,241,970 ) (1,149,231) 241,560,895 
Fidelity Series Large Cap Value Index Fund 28,377,759 624,233  3,863,431  -- 302,443  1,131,656 26,572,660 
Fidelity Series Long-Term Treasury Bond Index Fund 77,492,172 7,174,922 36,306,774  926,352  2,467,939 5,623,804 56,452,063 
Fidelity Series Opportunistic Insights Fund 145,108,638 3,000,006 25,039,913  -- (740,728 ) 5,289,504 127,617,507 
Fidelity Series Overseas Fund -- 62,860,087  -- -- -- 222,058 63,082,145 
Fidelity Series Real Estate Income Fund 9,943,579 605,273  530,888  376,458  (7,769 ) 282,692 10,292,887 
Fidelity Series Short-Term Credit Fund 4,253,155 2,453,727 1,323,113  64,256  4,054  48,087 5,435,910 
Fidelity Series Small Cap Opportunities Fund 89,604,022 8,485,712  10,172,044  5,386,035  (485,342 ) (3,339,436) 84,092,912 
Fidelity Series Stock Selector Large Cap Value Fund 169,664,183 3,616,956  24,971,265  -- (1,901,625 ) 11,274,721 157,682,970 
Fidelity Series Value Discovery Fund 165,725,099 3,576,876  20,093,943  -- (895,790 ) 7,621,104 155,933,346 
Total $2,170,738,223 $275,338,778 $314,105,209  $20,922,906  $7,555,913 $50,923,381 $2,190,451,086 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $1,386,953 $-- $1,386,953 $-- 
Domestic Equity Funds 1,225,189,035 1,225,189,035 -- -- 
International Equity Funds 799,202,114 799,202,114 -- -- 
Bond Funds 138,924,430 138,924,430 -- -- 
Short-Term Funds 28,013,928 28,013,928 -- -- 
Total Investments in Securities: $2,192,716,460 $2,191,329,507 $1,386,953 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $96,280 $96,280 $-- $-- 
Total Assets $96,280 $96,280 $-- $-- 
Liabilities     
Futures Contracts $(52,318) $(52,318) $-- $-- 
Total Liabilities $(52,318) $(52,318) $-- $-- 
Total Derivative Instruments: $43,962 $43,962 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $96,280 $(52,318) 
Total Equity Risk 96,280 (52,318) 
Total Value of Derivatives $96,280 $(52,318) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,386,691) 
$1,386,953  
Fidelity Central Funds (cost $878,414) 878,421  
Other affiliated issuers (cost $1,866,722,630) 2,190,451,086  
Total Investment in Securities (cost $1,868,987,735)  $2,192,716,460 
Receivable for investments sold  23,744,348 
Receivable for fund shares sold  1,591,519 
Distributions receivable from Fidelity Central Funds  1,969 
Receivable for daily variation margin on futures contracts  33,888 
Other receivables  1,518 
Total assets  2,218,089,702 
Liabilities   
Payable for investments purchased $13,351,683  
Payable for fund shares redeemed 11,959,867  
Accrued management fee 1,363,781  
Distribution and service plan fees payable 377,561  
Total liabilities  27,052,892 
Net Assets  $2,191,036,810 
Net Assets consist of:   
Paid in capital  $1,860,869,468 
Total accumulated earnings (loss)  330,167,342 
Net Assets  $2,191,036,810 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($894,391,652 ÷ 62,739,998 shares)(a)  $14.26 
Maximum offering price per share (100/94.25 of $14.26)  $15.13 
Class M:   
Net Asset Value and redemption price per share ($350,287,849 ÷ 24,740,410 shares)(a)  $14.16 
Maximum offering price per share (100/96.50 of $14.16)  $14.67 
Class C:   
Net Asset Value and offering price per share ($50,299,350 ÷ 3,642,399 shares)(a)  $13.81 
Class I:   
Net Asset Value, offering price and redemption price per share ($828,566,921 ÷ 57,663,740 shares)  $14.37 
Class Z:   
Net Asset Value, offering price and redemption price per share ($16,524,066 ÷ 1,156,899 shares)  $14.28 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($50,966,972 ÷ 3,554,880 shares)  $14.34 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $9,265,617 
Interest  8,263 
Income from Fidelity Central Funds  40,776 
Total income  9,314,656 
Expenses   
Management fee $8,129,800  
Distribution and service plan fees 2,292,011  
Independent trustees' fees and expenses 4,394  
Total expenses before reductions 10,426,205  
Expense reductions (120)  
Total expenses after reductions  10,426,085 
Net investment income (loss)  (1,111,429) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 7,265  
Affiliated issuers 7,555,913  
Futures contracts 991,782  
Capital gain distributions from underlying funds:   
Affiliated issuers 11,657,289  
Total net realized gain (loss)  20,212,249 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 262  
Affiliated issuers 50,923,381  
Futures contracts 47,743  
Total change in net unrealized appreciation (depreciation)  50,971,386 
Net gain (loss)  71,183,635 
Net increase (decrease) in net assets resulting from operations  $70,072,206 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(1,111,429) $30,230,649 
Net realized gain (loss) 20,212,249 192,872,187 
Change in net unrealized appreciation (depreciation) 50,971,386 (155,465,799) 
Net increase (decrease) in net assets resulting from operations 70,072,206 67,637,037 
Distributions to shareholders (108,442,849) (214,667,735) 
Share transactions - net increase (decrease) 55,490,533 141,920,324 
Total increase (decrease) in net assets 17,119,890 (5,110,374) 
Net Assets   
Beginning of period 2,173,916,920 2,179,027,294 
End of period $2,191,036,810 $2,173,916,920 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.52 $15.69 $14.57 $13.25 $14.49 $14.51 
Income from Investment Operations       
Net investment income (loss)A (.01) .21 .12 .17 .17 .20 
Net realized and unrealized gain (loss) .48 .15 1.81 1.80 (.69) .76 
Total from investment operations .47 .36 1.93 1.97 (.52) .96 
Distributions from net investment income – (.23) (.15) (.17) (.18) (.21) 
Distributions from net realized gain (.73) (1.31) (.66) (.48) (.54) (.77) 
Total distributions (.73) (1.53)B (.81) (.65) (.72) (.98) 
Net asset value, end of period $14.26 $14.52 $15.69 $14.57 $13.25 $14.49 
Total ReturnC,D,E 3.31% 3.04% 13.42% 15.53% (3.82)% 6.76% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H .99%I .87% .25% .25% .25% 
Expenses net of fee waivers, if any 1.00%H .99%I .87% .25% .25% .25% 
Expenses net of all reductions 1.00%H .99%I .87% .25% .25% .25% 
Net investment income (loss) (.15)%H 1.37% .78% 1.22% 1.27% 1.35% 
Supplemental Data       
Net assets, end of period (000 omitted) $894,392 $916,426 $948,970 $965,401 $950,816 $1,154,277 
Portfolio turnover rateG 25%H 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.53 per share is comprised of distributions from net investment income of $.226 and distributions from net realized gain of $1.308 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.44 $15.62 $14.52 $13.21 $14.45 $14.47 
Income from Investment Operations       
Net investment income (loss)A (.03) .17 .08 .13 .14 .16 
Net realized and unrealized gain (loss) .47 .16 1.80 1.81 (.70) .76 
Total from investment operations .44 .33 1.88 1.94 (.56) .92 
Distributions from net investment income – (.20) (.12) (.15) (.15) (.17) 
Distributions from net realized gain (.72) (1.31) (.66) (.48) (.53) (.77) 
Total distributions (.72) (1.51) (.78) (.63) (.68) (.94) 
Net asset value, end of period $14.16 $14.44 $15.62 $14.52 $13.21 $14.45 
Total ReturnB,C,D 3.14% 2.82% 13.11% 15.26% (4.07)% 6.51% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.25%G 1.25% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25%G 1.25% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.25%G 1.25% 1.13% .50% .50% .50% 
Net investment income (loss) (.40)%G 1.12% .53% .97% 1.02% 1.10% 
Supplemental Data       
Net assets, end of period (000 omitted) $350,288 $356,107 $343,164 $324,990 $310,107 $333,069 
Portfolio turnover rateF 25%G 21% 23% 18% 21% 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.14 $15.32 $14.28 $13.02 $14.27 $14.30 
Income from Investment Operations       
Net investment income (loss)A (.06) .09 B .06 .07 .09 
Net realized and unrealized gain (loss) .45 .18 1.77 1.78 (.70) .75 
Total from investment operations .39 .27 1.77 1.84 (.63) .84 
Distributions from net investment income – (.14) (.07) (.10) (.10) (.12) 
Distributions from net realized gain (.72) (1.31) (.66) (.48) (.52) (.75) 
Total distributions (.72) (1.45) (.73) (.58) (.62) (.87) 
Net asset value, end of period $13.81 $14.14 $15.32 $14.28 $13.02 $14.27 
Total ReturnC,D,E 2.84% 2.37% 12.52% 14.70% (4.63)% 6.01% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.74%H,I 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%H,I 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%H,I 1.74%I 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) (.89)%H .62% .03% .48% .52% .60% 
Supplemental Data       
Net assets, end of period (000 omitted) $50,299 $53,715 $84,365 $79,480 $73,036 $77,130 
Portfolio turnover rateG 25%H 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $14.62 $15.78 $14.65 $13.32 $14.57 $14.59 
Income from Investment Operations       
Net investment income (loss)A .01 .24 .16 .20 .21 .23 
Net realized and unrealized gain (loss) .47 .16 1.83 1.82 (.71) .76 
Total from investment operations .48 .40 1.99 2.02 (.50) .99 
Distributions from net investment income – (.26) (.19) (.20) (.22) (.24) 
Distributions from net realized gain (.73) (1.31) (.67) (.49) (.54) (.77) 
Total distributions (.73) (1.56)B (.86) (.69) (.75)C (1.01) 
Net asset value, end of period $14.37 $14.62 $15.78 $14.65 $13.32 $14.57 
Total ReturnD,E 3.42% 3.31% 13.74% 15.82% (3.62)% 6.99% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .63% - %I - %I - %I 
Expenses net of fee waivers, if any .75%H .75% .63% -% -% -% 
Expenses net of all reductions .75%H .75% .63% -% -% -% 
Net investment income (loss) .10%H 1.62% 1.02% 1.47% 1.52% 1.60% 
Supplemental Data       
Net assets, end of period (000 omitted) $828,567 $805,102 $790,667 $649,934 $629,599 $688,278 
Portfolio turnover rateG 25%H 21% 23% 18% 21% 24% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.56 per share is comprised of distributions from net investment income of $.256 and distributions from net realized gain of $1.308 per share.

 C Total distributions of $.75 per share is comprised of distributions from net investment income of $.216 and distributions from net realized gain of $.535 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount represents less than .005%.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $14.56 $15.85 
Income from Investment Operations   
Net investment income (loss)B .01 .36 
Net realized and unrealized gain (loss) .47 (.69)C 
Total from investment operations .48 (.33) 
Distributions from net investment income – (.33) 
Distributions from net realized gain (.76) (.63) 
Total distributions (.76) (.96) 
Net asset value, end of period $14.28 $14.56 
Total ReturnD,E 3.38% (1.30)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64%H .65%H,I 
Expenses net of fee waivers, if any .64%H .65%H,I 
Expenses net of all reductions .64%H .65%H,I 
Net investment income (loss) .20%H 5.06%H 
Supplemental Data   
Net assets, end of period (000 omitted) $16,524 $1,501 
Portfolio turnover rateG 25%H 21% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2040 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $14.60 $15.76 $15.04 
Income from Investment Operations    
Net investment income (loss)B .03 .28 .18 
Net realized and unrealized gain (loss) .46 .17 1.20 
Total from investment operations .49 .45 1.38 
Distributions from net investment income – (.30) (.23) 
Distributions from net realized gain (.75) (1.31) (.42) 
Total distributions (.75) (1.61) (.66)C 
Net asset value, end of period $14.34 $14.60 $15.76 
Total ReturnD,E 3.44% 3.64% 9.12% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .49%H .49% .51%H,I 
Expenses net of fee waivers, if any .49%H .49% .51%H,I 
Expenses net of all reductions .49%H .49% .51%H,I 
Net investment income (loss) .35%H 1.87% 1.39%H 
Supplemental Data    
Net assets, end of period (000 omitted) $50,967 $41,066 $11,861 
Portfolio turnover rateG 25%H 21% 23% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.66 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.421 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.1 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2045 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $917,849) 920,000 918,021 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Advisor Series Equity Growth Fund (b) 6,307,179 $91,138,741 
Fidelity Advisor Series Growth Opportunities Fund (b) 4,056,606 58,983,051 
Fidelity Advisor Series Small Cap Fund (b) 3,956,493 43,402,731 
Fidelity Series All-Sector Equity Fund (b) 4,180,913 42,352,645 
Fidelity Series Commodity Strategy Fund (b) 11,164,654 51,245,763 
Fidelity Series Large Cap Stock Fund (b) 11,085,284 160,625,759 
Fidelity Series Large Cap Value Index Fund (b) 1,354,832 17,694,100 
Fidelity Series Opportunistic Insights Fund (b) 4,709,396 84,863,314 
Fidelity Series Small Cap Opportunities Fund (b) 4,333,418 55,771,094 
Fidelity Series Stock Selector Large Cap Value Fund (b) 8,409,005 104,860,294 
Fidelity Series Value Discovery Fund (b) 7,970,568 103,697,085 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $706,323,932)  814,634,577 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 1,469,206 16,264,105 
Fidelity Series Emerging Markets Fund (b) 1,781,321 16,405,967 
Fidelity Series Emerging Markets Opportunities Fund (b) 7,901,279 146,805,767 
Fidelity Series International Growth Fund (b) 8,590,026 140,618,730 
Fidelity Series International Small Cap Fund (b) 1,897,874 30,631,694 
Fidelity Series International Value Fund (b) 14,593,872 138,641,789 
Fidelity Series Overseas Fund (b) 4,225,721 41,919,150 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $463,929,135)  531,287,202 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 962,831 9,050,609 
Fidelity Series Floating Rate High Income Fund (b) 193,322 1,795,964 
Fidelity Series High Income Fund (b) 1,170,730 11,121,935 
Fidelity Series Inflation-Protected Bond Index Fund (b) 2,329,823 23,484,614 
Fidelity Series International Credit Fund (b) 68,753 719,849 
Fidelity Series Investment Grade Bond Fund (b) 154,578 1,793,105 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 3,749,318 37,530,674 
Fidelity Series Real Estate Income Fund (b) 608,627 6,822,713 
TOTAL BOND FUNDS   
(Cost $86,961,797)  92,319,463 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 567,045 567,158 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 14,422,924 14,422,924 
Fidelity Series Short-Term Credit Fund (b) 358,443 3,613,107 
TOTAL SHORT-TERM FUNDS   
(Cost $18,563,852)  18,603,189 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,276,696,565)  1,457,762,452 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (1,057,118) 
NET ASSETS - 100%  $1,456,705,334 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 30 Dec. 2019 $4,467,750 $14,333 $14,333 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 21 Dec. 2019 1,051,995 (35,459) (35,459) 
TOTAL PURCHASED     (21,126) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 64 Dec. 2019 6,074,880 49,727 49,727 
TOTAL FUTURES CONTRACTS     $28,601 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

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 $871,160.

 (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 $25,710 
Total $25,710 

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 $100,225,825 $4,472,765 $17,174,854 $-- $1,030,141 $2,584,864 $91,138,741 
Fidelity Advisor Series Growth Opportunities Fund 73,434,142 2,865,410 18,102,936 -- 4,589,851 (3,803,416) 58,983,051 
Fidelity Advisor Series Small Cap Fund 44,897,186 3,220,359 6,787,198 -- (252,015) 2,324,399 43,402,731 
Fidelity Series All-Sector Equity Fund 46,439,012 2,075,064 8,429,155 -- (889,140) 3,156,864 42,352,645 
Fidelity Series Canada Fund 13,091,551 2,655,518 521,529 -- 3,424 1,035,141 16,264,105 
Fidelity Series Commodity Strategy Fund 34,584,614 20,340,121 1,713,039 452,923 (61,476) (1,904,457) 51,245,763 
Fidelity Series Emerging Markets Debt Fund 8,890,287 742,090 400,052 269,421 (2,642) (179,074) 9,050,609 
Fidelity Series Emerging Markets Fund 13,572,163 4,122,682 445,692 -- (11,966) (831,220) 16,405,967 
Fidelity Series Emerging Markets Opportunities Fund 126,572,242 24,005,734 4,035,525 -- (85,904) 349,220 146,805,767 
Fidelity Series Floating Rate High Income Fund 1,724,279 153,224 85,072 51,938 (162) 3,695 1,795,964 
Fidelity Series Government Money Market Fund 2.07% 9,971,816 13,837,963 9,386,855 152,965 -- -- 14,422,924 
Fidelity Series High Income Fund 14,702,301 855,718 4,564,249 362,877 (98,086) 226,251 11,121,935 
Fidelity Series Inflation-Protected Bond Index Fund 4,043,045 19,668,347 309,602 11,992 (637) 83,461 23,484,614 
Fidelity Series International Credit Fund 671,144 8,920 -- 8,919 -- 39,785 719,849 
Fidelity Series International Growth Fund 129,656,079 6,206,441 5,293,272 -- (44,410) 10,093,892 140,618,730 
Fidelity Series International Small Cap Fund 29,831,844 1,486,859 1,856,390 -- (90,102) 1,259,483 30,631,694 
Fidelity Series International Value Fund 121,377,539 18,536,492 4,215,369 -- 8,345 2,934,782 138,641,789 
Fidelity Series Investment Grade Bond Fund 9,070,281 3,583,574 11,344,776 161,919 670,554 (186,528) 1,793,105 
Fidelity Series Large Cap Stock Fund 166,383,723 15,600,600 19,776,470 7,786,256 (745,745) (836,349) 160,625,759 
Fidelity Series Large Cap Value Index Fund 18,194,605 861,412 2,298,261 -- 48,165 888,179 17,694,100 
Fidelity Series Long-Term Treasury Bond Index Fund 49,678,462 5,822,398 23,265,166 603,685 1,548,526 3,746,454 37,530,674 
Fidelity Series Opportunistic Insights Fund 93,065,012 4,049,869 15,139,040 -- (435,891) 3,323,364 84,863,314 
Fidelity Series Overseas Fund -- 41,770,365 -- -- -- 148,785 41,919,150 
Fidelity Series Real Estate Income Fund 6,350,088 563,891 268,671 246,539 (385) 177,790 6,822,713 
Fidelity Series Short-Term Credit Fund 2,713,873 1,654,820 789,565 41,970 2,225 31,754 3,613,107 
Fidelity Series Small Cap Opportunities Fund 57,500,174 7,150,564 6,320,539 3,568,592 (228,117) (2,330,988) 55,771,094 
Fidelity Series Stock Selector Large Cap Value Fund 108,781,667 5,091,466 15,129,328 -- (919,191) 7,035,680 104,860,294 
Fidelity Series Value Discovery Fund 106,250,097 4,987,975 11,934,250 -- (293,279) 4,686,542 103,697,085 
 $1,391,673,051 $216,390,641 $189,586,855 $13,719,996 $3,742,083 $34,058,353 $1,456,277,273 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $918,021 $-- $918,021 $-- 
Domestic Equity Funds 814,634,577 814,634,577 -- -- 
International Equity Funds 531,287,202 531,287,202 -- -- 
Bond Funds 92,319,463 92,319,463 -- -- 
Short-Term Funds 18,603,189 18,603,189 -- -- 
Total Investments in Securities: $1,457,762,452 $1,456,844,431 $918,021 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $64,060 $64,060 $-- $-- 
Total Assets $64,060 $64,060 $-- $-- 
Liabilities     
Futures Contracts $(35,459) $(35,459) $-- $-- 
Total Liabilities $(35,459) $(35,459) $-- $-- 
Total Derivative Instruments: $28,601 $28,601 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $64,060 $(35,459) 
Total Equity Risk 64,060 (35,459) 
Total Value of Derivatives $64,060 $(35,459) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $917,849) 
$918,021  
Fidelity Central Funds (cost $567,154) 567,158  
Other affiliated issuers (cost $1,275,211,562) 1,456,277,273  
Total Investment in Securities (cost $1,276,696,565)  $1,457,762,452 
Cash  982 
Receivable for investments sold  14,956,263 
Receivable for fund shares sold  1,607,986 
Distributions receivable from Fidelity Central Funds  1,286 
Receivable for daily variation margin on futures contracts  22,427 
Total assets  1,474,351,396 
Liabilities   
Payable for investments purchased $8,878,347  
Payable for fund shares redeemed 7,638,945  
Accrued management fee 902,534  
Distribution and service plan fees payable 226,236  
Total liabilities  17,646,062 
Net Assets  $1,456,705,334 
Net Assets consist of:   
Paid in capital  $1,274,758,516 
Total accumulated earnings (loss)  181,946,818 
Net Assets  $1,456,705,334 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($542,288,998 ÷ 48,742,925 shares)(a)  $11.13 
Maximum offering price per share (100/94.25 of $11.13)  $11.81 
Class M:   
Net Asset Value and redemption price per share ($216,705,087 ÷ 19,681,925 shares)(a)  $11.01 
Maximum offering price per share (100/96.50 of $11.01)  $11.41 
Class C:   
Net Asset Value and offering price per share ($25,920,942 ÷ 2,395,020 shares)(a)  $10.82 
Class I:   
Net Asset Value, offering price and redemption price per share ($620,792,914 ÷ 55,354,071 shares)  $11.21 
Class Z:   
Net Asset Value, offering price and redemption price per share ($12,993,241 ÷ 1,165,771 shares)  $11.15 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($38,004,152 ÷ 3,395,563 shares)  $11.19 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $6,041,349 
Interest  5,407 
Income from Fidelity Central Funds  25,710 
Total income  6,072,466 
Expenses   
Management fee $5,295,087  
Distribution and service plan fees 1,359,254  
Independent trustees' fees and expenses 2,842  
Total expenses before reductions 6,657,183  
Expense reductions (17)  
Total expenses after reductions  6,657,166 
Net investment income (loss)  (584,700) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 4,698  
Affiliated issuers 3,742,083  
Futures contracts 600,364  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,678,647  
Total net realized gain (loss)  12,025,792 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 172  
Affiliated issuers 34,058,353  
Futures contracts 63,052  
Total change in net unrealized appreciation (depreciation)  34,121,577 
Net gain (loss)  46,147,369 
Net increase (decrease) in net assets resulting from operations  $45,562,669 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(584,700) $19,594,942 
Net realized gain (loss) 12,025,792 121,110,883 
Change in net unrealized appreciation (depreciation) 34,121,577 (98,056,567) 
Net increase (decrease) in net assets resulting from operations 45,562,669 42,649,258 
Distributions to shareholders (69,095,907) (133,342,942) 
Share transactions - net increase (decrease) 86,548,238 127,638,941 
Total increase (decrease) in net assets 63,015,000 36,945,257 
Net Assets   
Beginning of period 1,393,690,334 1,356,745,077 
End of period $1,456,705,334 $1,393,690,334 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.33 $12.21 $11.26 $10.23 $11.15 $11.31 
Income from Investment Operations       
Net investment income (loss)A (.01) .16 .10 .13 .13 .15 
Net realized and unrealized gain (loss) .37 .13 1.40 1.39 (.54) .59 
Total from investment operations .36 .29 1.50 1.52 (.41) .74 
Distributions from net investment income – (.18) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.56) (.99) (.43) (.36) (.37) (.74) 
Total distributions (.56) (1.17) (.55) (.49) (.51) (.90) 
Net asset value, end of period $11.13 $11.33 $12.21 $11.26 $10.23 $11.15 
Total ReturnB,C,D 3.26% 3.13% 13.44% 15.50% (3.85)% 6.80% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.00%G .99%H .87% .25% .25% .25% 
Expenses net of fee waivers, if any 1.00%G .99%H .87% .25% .25% .25% 
Expenses net of all reductions 1.00%G .99%H .87% .25% .25% .25% 
Net investment income (loss) (.15)%G 1.38% .79% 1.22% 1.27% 1.37% 
Supplemental Data       
Net assets, end of period (000 omitted) $542,289 $547,563 $566,474 $556,090 $531,510 $623,734 
Portfolio turnover rateF 27%G 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Total returns do not include the effect of the sales charges.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.22 $12.12 $11.19 $10.17 $11.09 $11.26 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .06 .10 .11 .13 
Net realized and unrealized gain (loss) .36 .12 1.39 1.39 (.54) .57 
Total from investment operations .34 .25 1.45 1.49 (.43) .70 
Distributions from net investment income – (.16) (.10) (.11) (.12) (.13) 
Distributions from net realized gain (.55) (.99) (.43) (.36) (.37) (.74) 
Total distributions (.55) (1.15) (.52)B (.47) (.49) (.87) 
Net asset value, end of period $11.01 $11.22 $12.12 $11.19 $10.17 $11.09 
Total ReturnC,D,E 3.15% 2.79% 13.12% 15.29% (4.10)% 6.50% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.25%H 1.24%I 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25%H 1.24%I 1.13% .50% .50% .50% 
Expenses net of all reductions 1.25%H 1.24%I 1.13% .50% .50% .50% 
Net investment income (loss) (.40)%H 1.13% .54% .97% 1.02% 1.12% 
Supplemental Data       
Net assets, end of period (000 omitted) $216,705 $210,625 $207,442 $186,200 $158,557 $153,677 
Portfolio turnover rateG 27%H 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.52 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.428 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.07 $11.98 $11.08 $10.09 $11.01 $11.19 
Income from Investment Operations       
Net investment income (loss)A (.05) .07 B .05 .05 .07 
Net realized and unrealized gain (loss) .35 .13 1.38 1.38 (.53) .57 
Total from investment operations .30 .20 1.38 1.43 (.48) .64 
Distributions from net investment income – (.12) (.05) (.08) (.08) (.09) 
Distributions from net realized gain (.55) (.99) (.43) (.36) (.36) (.73) 
Total distributions (.55) (1.11) (.48) (.44) (.44) (.82) 
Net asset value, end of period $10.82 $11.07 $11.98 $11.08 $10.09 $11.01 
Total ReturnC,D,E 2.82% 2.29% 12.59% 14.71% (4.59)% 5.95% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.75%H 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.75%H 1.74%I 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.75%H 1.74%I 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) (.90)%H .63% .04% .47% .53% .62% 
Supplemental Data       
Net assets, end of period (000 omitted) $25,921 $25,383 $30,549 $27,491 $23,423 $22,493 
Portfolio turnover rateG 27%H 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.41 $12.29 $11.33 $10.28 $11.21 $11.37 
Income from Investment Operations       
Net investment income (loss)A .01 .19 .12 .16 .16 .18 
Net realized and unrealized gain (loss) .36 .13 1.42 1.40 (.55) .59 
Total from investment operations .37 .32 1.54 1.56 (.39) .77 
Distributions from net investment income – (.20) (.14) (.15) (.17) (.19) 
Distributions from net realized gain (.57) (.99) (.44) (.36) (.37) (.74) 
Total distributions (.57) (1.20)B (.58) (.51) (.54) (.93) 
Net asset value, end of period $11.21 $11.41 $12.29 $11.33 $10.28 $11.21 
Total ReturnC,D 3.30% 3.34% 13.77% 15.83% (3.66)% 7.03% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .75%G .75% .64% - %H - %H - %H 
Expenses net of fee waivers, if any .75%G .75% .64% -% -% -% 
Expenses net of all reductions .75%G .75% .64% -% -% -% 
Net investment income (loss) .10%G 1.63% 1.03% 1.47% 1.52% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $620,793 $577,252 $543,170 $420,967 $390,675 $400,667 
Portfolio turnover rateF 27%G 22% 21% 22% 26% 27% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.20 per share is comprised of distributions from net investment income of $.204 and distributions from net realized gain of $.993 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount represents less than .005%.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2045 Fund Class Z

 Six months ended (Unaudited) September 30, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.35 $12.36 
Income from Investment Operations   
Net investment income (loss)B .01 .20 
Net realized and unrealized gain (loss) .37 (.46)C 
Total from investment operations .38 (.26) 
Distributions from net investment income – (.26) 
Distributions from net realized gain (.58) (.49) 
Total distributions (.58) (.75) 
Net asset value, end of period $11.15 $11.35 
Total ReturnD,E 3.47% (1.33)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64%H .64%H 
Expenses net of fee waivers, if any .64%H .64%H 
Expenses net of all reductions .64%H .64%H 
Net investment income (loss) .20%H 3.71%H 
Supplemental Data   
Net assets, end of period (000 omitted) $12,993 $1,376 
Portfolio turnover rateG 27%H 22% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.39 $12.28 $11.65 
Income from Investment Operations    
Net investment income (loss)B .02 .22 .15 
Net realized and unrealized gain (loss) .35 .12 .92 
Total from investment operations .37 .34 1.07 
Distributions from net investment income – (.24) (.18) 
Distributions from net realized gain (.57) (.99) (.26) 
Total distributions (.57) (1.23) (.44) 
Net asset value, end of period $11.19 $11.39 $12.28 
Total ReturnC,D 3.38% 3.58% 9.15% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .49%G .50%H .51%G,H 
Expenses net of fee waivers, if any .49%G .50%H .51%G,H 
Expenses net of all reductions .49%G .50%H .51%G,H 
Net investment income (loss) .35%G 1.88% 1.50%G 
Supplemental Data    
Net assets, end of period (000 omitted) $38,004 $31,493 $9,112 
Portfolio turnover rateF 27%G 22% 21% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.1 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2050 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.09% 10/17/19 to 11/29/19(a)   
(Cost $738,289) 740,000 738,427 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Advisor Series Equity Growth Fund (b) 5,104,813 $73,764,544 
Fidelity Advisor Series Growth Opportunities Fund (b) 3,284,130 47,751,253 
Fidelity Advisor Series Small Cap Fund (b) 3,201,389 35,119,240 
Fidelity Series All-Sector Equity Fund (b) 3,382,874 34,268,512 
Fidelity Series Commodity Strategy Fund (b) 9,038,127 41,485,001 
Fidelity Series Large Cap Stock Fund (b) 8,972,971 130,018,346 
Fidelity Series Large Cap Value Index Fund (b) 1,095,384 14,305,711 
Fidelity Series Opportunistic Insights Fund (b) 3,812,562 68,702,359 
Fidelity Series Small Cap Opportunities Fund (b) 3,517,069 45,264,684 
Fidelity Series Stock Selector Large Cap Value Fund (b) 6,806,195 84,873,251 
Fidelity Series Value Discovery Fund (b) 6,451,231 83,930,516 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $575,100,992)  659,483,417 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 1,189,497 13,167,734 
Fidelity Series Emerging Markets Fund (b) 1,442,065 13,281,416 
Fidelity Series Emerging Markets Opportunities Fund (b) 6,396,481 118,846,609 
Fidelity Series International Growth Fund (b) 6,952,172 113,807,052 
Fidelity Series International Small Cap Fund (b) 1,539,410 24,846,081 
Fidelity Series International Value Fund (b) 11,814,090 112,233,855 
Fidelity Series Overseas Fund (b) 3,419,887 33,925,276 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $377,395,649)  430,108,023 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 776,507 7,299,170 
Fidelity Series Floating Rate High Income Fund (b) 156,479 1,453,688 
Fidelity Series High Income Fund (b) 946,899 8,995,537 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,889,083 19,041,953 
Fidelity Series International Credit Fund (b) 54,033 565,724 
Fidelity Series Investment Grade Bond Fund (b) 125,467 1,455,420 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 3,035,281 30,383,161 
Fidelity Series Real Estate Income Fund (b) 493,644 5,533,752 
TOTAL BOND FUNDS   
(Cost $70,446,791)  74,728,405 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 476,985 477,080 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 11,674,445 11,674,445 
Fidelity Series Short-Term Credit Fund (b) 290,134 2,924,547 
TOTAL SHORT-TERM FUNDS   
(Cost $15,043,607)  15,076,072 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,038,725,328)  1,180,134,344 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (844,293) 
NET ASSETS - 100%  $1,179,290,051 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 24 Dec. 2019 $3,574,200 $12,826 $12,826 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 17 Dec. 2019 851,615 (28,780) (28,780) 
TOTAL PURCHASED     (15,954) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 52 Dec. 2019 4,935,840 40,103 40,103 
TOTAL FUTURES CONTRACTS     $24,149 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

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 $717,489.

 (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 $20,742 
Total $20,742 

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 $81,090,981 $3,985,690 $14,227,637 $-- $809,783 $2,105,727 $73,764,544 
Fidelity Advisor Series Growth Opportunities Fund 59,408,997 2,544,217 14,828,871 -- 3,354,940 (2,728,030) 47,751,253 
Fidelity Advisor Series Small Cap Fund 36,325,479 2,577,204 5,456,329 -- (180,237) 1,853,123 35,119,240 
Fidelity Series All-Sector Equity Fund 37,575,763 1,839,455 6,976,387 -- (649,389) 2,479,070 34,268,512 
Fidelity Series Canada Fund 10,594,107 2,137,695 403,256 -- 2,605 836,583 13,167,734 
Fidelity Series Commodity Strategy Fund 27,993,656 16,467,076 1,381,892 366,652 (53,232) (1,540,607) 41,485,001 
Fidelity Series Emerging Markets Debt Fund 7,163,841 638,963 355,845 217,422 (1,708) (146,081) 7,299,170 
Fidelity Series Emerging Markets Fund 10,979,648 3,341,227 353,804 -- (8,904) (676,751) 13,281,416 
Fidelity Series Emerging Markets Opportunities Fund 102,421,835 19,417,565 3,190,877 -- (33,540) 231,626 118,846,609 
Fidelity Series Floating Rate High Income Fund 1,394,196 132,394 75,708 42,064 (95) 2,901 1,453,688 
Fidelity Series Government Money Market Fund 2.07% 8,078,560 11,184,234 7,588,349 123,945 -- -- 11,674,445 
Fidelity Series High Income Fund 11,909,642 732,185 3,750,010 293,631 (115,579) 219,299 8,995,537 
Fidelity Series Inflation-Protected Bond Index Fund 3,269,858 15,940,183 235,547 9,710 358 67,101 19,041,953 
Fidelity Series International Credit Fund 527,447 7,010 -- 7,010 -- 31,267 565,724 
Fidelity Series International Growth Fund 104,879,771 5,524,917 4,726,432 -- 2,481 8,126,315 113,807,052 
Fidelity Series International Small Cap Fund 24,135,150 1,307,113 1,540,993 -- (87,264) 1,032,075 24,846,081 
Fidelity Series International Value Fund 98,172,520 15,463,229 3,771,142 -- (59,423) 2,428,671 112,233,855 
Fidelity Series Investment Grade Bond Fund 7,243,540 3,014,563 9,195,864 131,108 412,852 (19,671) 1,455,420 
Fidelity Series Large Cap Stock Fund 134,589,392 13,175,011 16,427,830 6,319,768 (451,756) (866,471) 130,018,346 
Fidelity Series Large Cap Value Index Fund 14,718,574 758,356 1,927,734 -- 38,654 717,861 14,305,711 
Fidelity Series Long-Term Treasury Bond Index Fund 40,183,907 4,890,218 18,991,257 489,032 1,287,233 3,013,060 30,383,161 
Fidelity Series Opportunistic Insights Fund 75,302,800 3,595,557 12,520,322 -- (361,533) 2,685,857 68,702,359 
Fidelity Series Overseas Fund -- 33,805,528 -- -- -- 119,748 33,925,276 
Fidelity Series Real Estate Income Fund 5,145,657 482,928 238,941 199,898 (4,519) 148,627 5,533,752 
Fidelity Series Short-Term Credit Fund 2,207,545 1,361,122 671,724 34,028 1,954 25,650 2,924,547 
Fidelity Series Small Cap Opportunities Fund 46,520,436 5,761,478 4,936,695 2,888,367 (183,576) (1,896,959) 45,264,684 
Fidelity Series Stock Selector Large Cap Value Fund 87,997,014 4,447,963 12,507,663 -- (790,205) 5,726,142 84,873,251 
Fidelity Series Value Discovery Fund 85,952,601 4,378,635 9,941,728 -- (225,652) 3,766,660 83,930,516 
 $1,125,782,917 $178,911,716 $156,222,837 $11,122,635 $2,704,248 $27,742,793 $1,178,918,837 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $738,427 $-- $738,427 $-- 
Domestic Equity Funds 659,483,417 659,483,417 -- -- 
International Equity Funds 430,108,023 430,108,023 -- -- 
Bond Funds 74,728,405 74,728,405 -- -- 
Short-Term Funds 15,076,072 15,076,072 -- -- 
Total Investments in Securities: $1,180,134,344 $1,179,395,917 $738,427 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $52,929 $52,929 $-- $-- 
Total Assets $52,929 $52,929 $-- $-- 
Liabilities     
Futures Contracts $(28,780) $(28,780) $-- $-- 
Total Liabilities $(28,780) $(28,780) $-- $-- 
Total Derivative Instruments: $24,149 $24,149 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $52,929 $(28,780) 
Total Equity Risk 52,929 (28,780) 
Total Value of Derivatives $52,929 $(28,780) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $738,289) 
$738,427  
Fidelity Central Funds (cost $477,080) 477,080  
Other affiliated issuers (cost $1,037,509,959) 1,178,918,837  
Total Investment in Securities (cost $1,038,725,328)  $1,180,134,344 
Cash  802 
Receivable for investments sold  12,089,706 
Receivable for fund shares sold  1,515,683 
Distributions receivable from Fidelity Central Funds  1,055 
Receivable for daily variation margin on futures contracts  18,227 
Total assets  1,193,759,817 
Liabilities   
Payable for investments purchased $7,327,626  
Payable for fund shares redeemed 6,228,528  
Accrued management fee 731,413  
Distribution and service plan fees payable 182,199  
Total liabilities  14,469,766 
Net Assets  $1,179,290,051 
Net Assets consist of:   
Paid in capital  $1,038,329,965 
Total accumulated earnings (loss)  140,960,086 
Net Assets  $1,179,290,051 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($419,347,658 ÷ 37,738,928 shares)(a)  $11.11 
Maximum offering price per share (100/94.25 of $11.11)  $11.79 
Class M:   
Net Asset Value and redemption price per share ($174,449,669 ÷ 15,815,476 shares)(a)  $11.03 
Maximum offering price per share (100/96.50 of $11.03)  $11.43 
Class C:   
Net Asset Value and offering price per share ($25,240,351 ÷ 2,325,000 shares)(a)  $10.86 
Class I:   
Net Asset Value, offering price and redemption price per share ($524,583,989 ÷ 46,832,327 shares)  $11.20 
Class Z:   
Net Asset Value, offering price and redemption price per share ($8,578,684 ÷ 769,868 shares)  $11.14 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($27,089,700 ÷ 2,424,485 shares)  $11.17 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $4,893,135 
Interest  4,403 
Income from Fidelity Central Funds  20,742 
Total income  4,918,280 
Expenses   
Management fee $4,294,651  
Distribution and service plan fees 1,094,989  
Independent trustees' fees and expenses 2,301  
Total expenses before reductions 5,391,941  
Expense reductions (14)  
Total expenses after reductions  5,391,927 
Net investment income (loss)  (473,647) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 3,834  
Affiliated issuers 2,704,248  
Futures contracts 480,588  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,229,500  
Total net realized gain (loss)  9,418,170 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 138  
Affiliated issuers 27,742,793  
Futures contracts 54,126  
Total change in net unrealized appreciation (depreciation)  27,797,057 
Net gain (loss)  37,215,227 
Net increase (decrease) in net assets resulting from operations  $36,741,580 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(473,647) $15,894,378 
Net realized gain (loss) 9,418,170 96,181,596 
Change in net unrealized appreciation (depreciation) 27,797,057 (77,826,137) 
Net increase (decrease) in net assets resulting from operations 36,741,580 34,249,837 
Distributions to shareholders (55,814,910) (105,626,516) 
Share transactions - net increase (decrease) 70,957,486 108,985,768 
Total increase (decrease) in net assets 51,884,156 37,609,089 
Net Assets   
Beginning of period 1,127,405,895 1,089,796,806 
End of period $1,179,290,051 $1,127,405,895 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.31 $12.17 $11.20 $10.16 $11.06 $11.24 
Income from Investment Operations       
Net investment income (loss)A (.01) .16 .09 .13 .13 .15 
Net realized and unrealized gain (loss) .37 .13 1.40 1.39 (.53) .58 
Total from investment operations .36 .29 1.49 1.52 (.40) .73 
Distributions from net investment income – (.18) (.12) (.13) (.14) (.16) 
Distributions from net realized gain (.56) (.97) (.40) (.34) (.36) (.76) 
Total distributions (.56) (1.15) (.52) (.48)B (.50) (.91)C 
Net asset value, end of period $11.11 $11.31 $12.17 $11.20 $10.16 $11.06 
Total ReturnD,E,F 3.26% 3.08% 13.42% 15.52% (3.84)% 6.77% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.00%I .99%J .88% .25% .25% .25% 
Expenses net of fee waivers, if any 1.00%I .99%J .88% .25% .25% .25% 
Expenses net of all reductions 1.00%I .99%J .88% .25% .25% .25% 
Net investment income (loss) (.15)%I 1.38% .79% 1.22% 1.28% 1.37% 
Supplemental Data       
Net assets, end of period (000 omitted) $419,348 $417,583 $418,313 $396,373 $363,199 $415,103 
Portfolio turnover rateH 27%I 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.48 per share is comprised of distributions from net investment income of $.131 and distributions from net realized gain of $.344 per share.

 C Total distributions of $.91 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.755 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.24 $12.11 $11.15 $10.12 $11.02 $11.20 
Income from Investment Operations       
Net investment income (loss)A (.02) .13 .06 .10 .11 .12 
Net realized and unrealized gain (loss) .36 .13 1.39 1.38 (.54) .58 
Total from investment operations .34 .26 1.45 1.48 (.43) .70 
Distributions from net investment income – (.16) (.10) (.11) (.12) (.13) 
Distributions from net realized gain (.55) (.97) (.40) (.34) (.36) (.76) 
Total distributions (.55) (1.13) (.49)B (.45) (.47)C (.88)D 
Net asset value, end of period $11.03 $11.24 $12.11 $11.15 $10.12 $11.02 
Total ReturnE,F,G 3.10% 2.83% 13.16% 15.22% (4.08)% 6.54% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.25%J 1.25% 1.13% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25%J 1.25% 1.13% .50% .50% .50% 
Expenses net of all reductions 1.25%J 1.25% 1.13% .50% .50% .50% 
Net investment income (loss) (.40)%J 1.13% .54% .97% 1.04% 1.12% 
Supplemental Data       
Net assets, end of period (000 omitted) $174,450 $172,974 $166,634 $147,601 $127,842 $126,987 
Portfolio turnover rateI 27%J 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.49 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.398 per share.

 C Total distributions of $.47 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.355 per share.

 D Total distributions of $.88 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.755 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J 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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.10 $11.98 $11.05 $10.04 $10.95 $11.14 
Income from Investment Operations       
Net investment income (loss)A (.05) .07 B .05 .06 .07 
Net realized and unrealized gain (loss) .36 .14 1.38 1.37 (.55) .57 
Total from investment operations .31 .21 1.38 1.42 (.49) .64 
Distributions from net investment income – (.11) (.06) (.08) (.08) (.09) 
Distributions from net realized gain (.55) (.97) (.39) (.34) (.34) (.74) 
Total distributions (.55) (1.09)C (.45) (.41)D (.42) (.83) 
Net asset value, end of period $10.86 $11.10 $11.98 $11.05 $10.04 $10.95 
Total ReturnE,F,G 2.86% 2.34% 12.59% 14.73% (4.67)% 6.01% 
Ratios to Average Net AssetsH,I       
Expenses before reductions 1.74%J,K 1.74%K 1.63% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.74%J,K 1.74%K 1.63% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.74%J,K 1.74%K 1.63% 1.00% 1.00% 1.00% 
Net investment income (loss) (.90)%J .63% .04% .47% .54% .63% 
Supplemental Data       
Net assets, end of period (000 omitted) $25,240 $26,139 $32,763 $28,268 $24,460 $24,652 
Portfolio turnover rateI 27%J 23% 20% 25% 24% 30% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total distributions of $1.09 per share is comprised of distributions from net investment income of $.113 and distributions from net realized gain of $.972 per share.

 D Total distributions of $.41 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.339 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Total returns do not include the effect of the contingent deferred sales charge.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

 K On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $11.39 $12.25 $11.27 $10.22 $11.13 $11.30 
Income from Investment Operations       
Net investment income (loss)A .01 .19 .12 .16 .16 .18 
Net realized and unrealized gain (loss) .36 .12 1.41 1.39 (.55) .59 
Total from investment operations .37 .31 1.53 1.55 (.39) .77 
Distributions from net investment income – (.20) (.14) (.15) (.16) (.18) 
Distributions from net realized gain (.56) (.97) (.41) (.35) (.36) (.76) 
Total distributions (.56) (1.17) (.55) (.50) (.52) (.94) 
Net asset value, end of period $11.20 $11.39 $12.25 $11.27 $10.22 $11.13 
Total ReturnB,C 3.38% 3.30% 13.74% 15.81% (3.65)% 7.10% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .75%F .75% .64% - %G - %G - %G 
Expenses net of fee waivers, if any .75%F .75% .64% -% -% -% 
Expenses net of all reductions .75%F .75% .64% -% -% -% 
Net investment income (loss) .10%F 1.63% 1.03% 1.47% 1.53% 1.62% 
Supplemental Data       
Net assets, end of period (000 omitted) $524,584 $488,167 $466,677 $357,398 $320,449 $303,017 
Portfolio turnover rateE 27%F 23% 20% 25% 24% 30% 

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.34 $12.34 
Income from Investment Operations   
Net investment income (loss)B .01 .28 
Net realized and unrealized gain (loss) .37 (.54)C 
Total from investment operations .38 (.26) 
Distributions from net investment income – (.25) 
Distributions from net realized gain (.58) (.49) 
Total distributions (.58) (.74) 
Net asset value, end of period $11.14 $11.34 
Total ReturnD,E 3.41% (1.34)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64%H .65%H,I 
Expenses net of fee waivers, if any .64%H .65%H,I 
Expenses net of all reductions .64%H .65%H,I 
Net investment income (loss) .20%H 5.18%H 
Supplemental Data   
Net assets, end of period (000 omitted) $8,579 $650 
Portfolio turnover rateG 27%H 23% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2050 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.37 $12.24 $11.59 
Income from Investment Operations    
Net investment income (loss)B .02 .22 .23 
Net realized and unrealized gain (loss) .35 .12 .83 
Total from investment operations .37 .34 1.06 
Distributions from net investment income – (.24) (.17) 
Distributions from net realized gain (.57) (.97) (.24) 
Total distributions (.57) (1.21) (.41) 
Net asset value, end of period $11.17 $11.37 $12.24 
Total ReturnC,D 3.36% 3.55% 9.15% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .49%G .50%H .51%G,H 
Expenses net of fee waivers, if any .49%G .50%H .51%G,H 
Expenses net of all reductions .49%G .50%H .51%G,H 
Net investment income (loss) .35%G 1.88% 2.27%G 
Supplemental Data    
Net assets, end of period (000 omitted) $27,090 $21,893 $5,410 
Portfolio turnover rateF 27%G 23% 20% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.7 
Fidelity Series International Value Fund 9.5 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.1 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2055 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.94% to 2.08% 10/17/19 to 11/29/19(a)   
(Cost $418,790) 420,000 418,878 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Advisor Series Equity Growth Fund (b) 2,977,042 $43,018,254 
Fidelity Advisor Series Growth Opportunities Fund (b) 1,914,997 27,844,056 
Fidelity Advisor Series Small Cap Fund (b) 1,868,239 20,494,579 
Fidelity Series All-Sector Equity Fund (b) 1,973,926 19,995,870 
Fidelity Series Commodity Strategy Fund (b) 5,268,488 24,182,362 
Fidelity Series Large Cap Stock Fund (b) 5,231,718 75,807,598 
Fidelity Series Large Cap Value Index Fund (b) 635,796 8,303,489 
Fidelity Series Opportunistic Insights Fund (b) 2,223,133 40,060,865 
Fidelity Series Small Cap Opportunities Fund (b) 2,051,697 26,405,341 
Fidelity Series Stock Selector Large Cap Value Fund (b) 3,968,867 49,491,766 
Fidelity Series Value Discovery Fund (b) 3,762,016 48,943,824 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $363,582,493)  384,548,004 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 693,355 7,675,439 
Fidelity Series Emerging Markets Fund (b) 840,554 7,741,501 
Fidelity Series Emerging Markets Opportunities Fund (b) 3,728,408 69,273,815 
Fidelity Series International Growth Fund (b) 4,045,841 66,230,421 
Fidelity Series International Small Cap Fund (b) 899,836 14,523,356 
Fidelity Series International Value Fund (b) 6,893,425 65,487,542 
Fidelity Series Overseas Fund (b) 1,993,433 19,774,859 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $235,365,150)  250,706,933 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 440,072 4,136,678 
Fidelity Series Floating Rate High Income Fund (b) 92,409 858,477 
Fidelity Series High Income Fund (b) 545,734 5,184,474 
Fidelity Series Inflation-Protected Bond Index Fund (b) 1,108,262 11,171,281 
Fidelity Series International Credit Fund (b) 24,678 258,380 
Fidelity Series Investment Grade Bond Fund (b) 76,709 889,825 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 1,769,189 17,709,581 
Fidelity Series Real Estate Income Fund (b) 288,307 3,231,926 
TOTAL BOND FUNDS   
(Cost $40,822,969)  43,440,622 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 277,999 278,054 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 6,801,442 6,801,442 
Fidelity Series Short-Term Credit Fund (b) 169,029 1,703,815 
TOTAL SHORT-TERM FUNDS   
(Cost $8,762,762)  8,783,311 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $648,952,164)  687,897,748 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (481,940) 
NET ASSETS - 100%  $687,415,808 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 13 Dec. 2019 $1,936,025 $6,945 $6,945 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 10 Dec. 2019 500,950 (16,878) (16,878) 
TOTAL PURCHASED     (9,933) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 30 Dec. 2019 2,847,600 23,538 23,538 
TOTAL FUTURES CONTRACTS     $13,605 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

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 $416,884.

 (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 $12,475 
Total $12,475 

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 $45,302,936 $3,774,975 $7,701,299 $-- $137,706 $1,503,936 $43,018,254 
Fidelity Advisor Series Growth Opportunities Fund 33,095,188 2,471,262 8,053,063 -- 771,902 (441,233) 27,844,056 
Fidelity Advisor Series Small Cap Fund 20,365,537 2,153,264 2,976,406 -- (116,461) 1,068,645 20,494,579 
Fidelity Series All-Sector Equity Fund 20,964,257 1,713,290 3,718,231 -- (609,487) 1,646,041 19,995,870 
Fidelity Series Canada Fund 5,930,475 1,473,134 205,586 -- 2,315 475,101 7,675,439 
Fidelity Series Commodity Strategy Fund 15,655,481 10,160,145 725,395 212,716 (14,930) (892,939) 24,182,362 
Fidelity Series Emerging Markets Debt Fund 3,859,937 531,335 170,911 120,353 (1,910) (81,773) 4,136,678 
Fidelity Series Emerging Markets Fund 6,119,139 2,199,136 185,459 -- (8,972) (382,343) 7,741,501 
Fidelity Series Emerging Markets Opportunities Fund 57,109,129 13,736,823 1,678,212 -- (27,401) 133,476 69,273,815 
Fidelity Series Floating Rate High Income Fund 780,983 112,304 36,266 24,237 (60) 1,516 858,477 
Fidelity Series Government Money Market Fund 2.07% 4,523,020 6,575,030 4,296,608 70,963 -- -- 6,801,442 
Fidelity Series High Income Fund 6,674,782 596,107 2,144,784 165,894 (86,776) 145,145 5,184,474 
Fidelity Series Inflation-Protected Bond Index Fund 1,824,747 9,471,009 162,361 5,583 1,123 36,763 11,171,281 
Fidelity Series International Credit Fund 240,898 3,202 -- 3,202 -- 14,280 258,380 
Fidelity Series International Growth Fund 58,492,128 5,396,051 2,266,326 -- (7,763) 4,616,331 66,230,421 
Fidelity Series International Small Cap Fund 13,484,922 1,289,676 786,301 -- (40,601) 575,660 14,523,356 
Fidelity Series International Value Fund 54,811,158 11,121,119 1,788,001 -- (15,586) 1,358,852 65,487,542 
Fidelity Series Investment Grade Bond Fund 3,708,923 2,211,835 5,256,982 74,552 210,243 15,806 889,825 
Fidelity Series Large Cap Stock Fund 75,072,540 10,139,836 8,621,481 3,626,499 (285,009) (498,288) 75,807,598 
Fidelity Series Large Cap Value Index Fund 8,213,907 720,775 1,062,226 -- 18,963 412,070 8,303,489 
Fidelity Series Long-Term Treasury Bond Index Fund 22,426,236 3,571,228 10,759,489 279,049 736,870 1,734,736 17,709,581 
Fidelity Series Opportunistic Insights Fund 42,072,080 3,440,000 6,741,473 -- (234,931) 1,525,189 40,060,865 
Fidelity Series Overseas Fund -- 19,704,390 -- -- -- 70,469 19,774,859 
Fidelity Series Real Estate Income Fund 2,873,463 391,175 114,697 115,235 2,017 79,968 3,231,926 
Fidelity Series Short-Term Credit Fund 1,246,968 835,756 394,676 19,469 1,119 14,648 1,703,815 
Fidelity Series Small Cap Opportunities Fund 26,045,702 4,183,830 2,603,685 1,676,166 (65,862) (1,154,644) 26,405,341 
Fidelity Series Stock Selector Large Cap Value Fund 49,107,421 4,289,637 6,717,256 -- (220,414) 3,032,378 49,491,766 
Fidelity Series Value Discovery Fund 47,948,861 4,170,670 5,195,646 -- (90,620) 2,110,559 48,943,824 
 $627,950,818 $126,436,994 $84,362,820 $6,393,918 $55,475 $17,120,349 $687,200,816 

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, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $418,878 $-- $418,878 $-- 
Domestic Equity Funds 384,548,004 384,548,004 -- -- 
International Equity Funds 250,706,933 250,706,933 -- -- 
Bond Funds 43,440,622 43,440,622 -- -- 
Short-Term Funds 8,783,311 8,783,311 -- -- 
Total Investments in Securities: $687,897,748 $687,478,870 $418,878 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $30,483 $30,483 $-- $-- 
Total Assets $30,483 $30,483 $-- $-- 
Liabilities     
Futures Contracts $(16,878) $(16,878) $-- $-- 
Total Liabilities $(16,878) $(16,878) $-- $-- 
Total Derivative Instruments: $13,605 $13,605 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $30,483 $(16,878) 
Total Equity Risk 30,483 (16,878) 
Total Value of Derivatives $30,483 $(16,878) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $418,790) 
$418,878  
Fidelity Central Funds (cost $278,054) 278,054  
Other affiliated issuers (cost $648,255,320) 687,200,816  
Total Investment in Securities (cost $648,952,164)  $687,897,748 
Cash  465 
Receivable for investments sold  6,157,363 
Receivable for fund shares sold  1,240,791 
Distributions receivable from Fidelity Central Funds  589 
Receivable for daily variation margin on futures contracts  10,259 
Total assets  695,307,215 
Liabilities   
Payable for investments purchased $4,301,331  
Payable for fund shares redeemed 3,073,458  
Accrued management fee 424,340  
Distribution and service plan fees payable 92,278  
Total liabilities  7,891,407 
Net Assets  $687,415,808 
Net Assets consist of:   
Paid in capital  $651,399,779 
Total accumulated earnings (loss)  36,016,029 
Net Assets  $687,415,808 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($221,447,504 ÷ 17,880,849 shares)(a)  $12.38 
Maximum offering price per share (100/94.25 of $12.38)  $13.14 
Class M:   
Net Asset Value and redemption price per share ($87,480,685 ÷ 7,114,489 shares)(a)  $12.30 
Maximum offering price per share (100/96.50 of $12.30)  $12.75 
Class C:   
Net Asset Value and offering price per share ($11,093,662 ÷ 909,677 shares)(a)  $12.20 
Class I:   
Net Asset Value, offering price and redemption price per share ($346,680,895 ÷ 27,851,930 shares)  $12.45 
Class Z:   
Net Asset Value, offering price and redemption price per share ($3,742,023 ÷ 302,323 shares)  $12.38 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($16,971,039 ÷ 1,366,215 shares)  $12.42 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,789,576 
Interest  2,697 
Income from Fidelity Central Funds  12,475 
Total income  2,804,748 
Expenses   
Management fee $2,452,478  
Distribution and service plan fees 546,937  
Independent trustees' fees and expenses 1,301  
Total expenses before reductions 3,000,716  
Expense reductions (54)  
Total expenses after reductions  3,000,662 
Net investment income (loss)  (195,914) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,225  
Affiliated issuers 55,475  
Futures contracts 248,594  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,604,342  
Total net realized gain (loss)  3,910,636 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 78  
Affiliated issuers 17,120,349  
Futures contracts 33,851  
Total change in net unrealized appreciation (depreciation)  17,154,278 
Net gain (loss)  21,064,914 
Net increase (decrease) in net assets resulting from operations  $20,869,000 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(195,914) $8,808,490 
Net realized gain (loss) 3,910,636 46,472,911 
Change in net unrealized appreciation (depreciation) 17,154,278 (36,732,486) 
Net increase (decrease) in net assets resulting from operations 20,869,000 18,548,915 
Distributions to shareholders (30,405,565) (49,941,562) 
Share transactions - net increase (decrease) 67,913,381 114,273,357 
Total increase (decrease) in net assets 58,376,816 82,880,710 
Net Assets   
Beginning of period 629,038,992 546,158,282 
End of period $687,415,808 $629,038,992 

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,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.58 $13.37 $12.19 $11.02 $11.92 $11.71 
Income from Investment Operations       
Net investment income (loss)A (.01) .18 .11 .14 .15 .16 
Net realized and unrealized gain (loss) .41 .15 1.51 1.51 (.59) .62 
Total from investment operations .40 .33 1.62 1.65 (.44) .78 
Distributions from net investment income – (.19) (.13) (.14) (.14) (.15) 
Distributions from net realized gain (.60) (.93) (.32) (.34) (.31) (.42) 
Total distributions (.60) (1.12) (.44)B (.48) (.46)C (.57) 
Net asset value, end of period $12.38 $12.58 $13.37 $12.19 $11.02 $11.92 
Total ReturnD,E,F 3.25% 3.08% 13.40% 15.49% (3.89)% 6.85% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.00%I .99%J .88% .25% .25% .25% 
Expenses net of fee waivers, if any 1.00%I .99%J .88% .25% .25% .25% 
Expenses net of all reductions 1.00%I .99%J .88% .25% .25% .25% 
Net investment income (loss) (.15)%I 1.41% .81% 1.24% 1.31% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $221,448 $212,428 $209,824 $170,352 $130,309 $115,666 
Portfolio turnover rateH 26%I 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.44 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.317 per share.

 C Total distributions of $.46 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.314 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.51 $13.31 $12.14 $10.98 $11.88 $11.68 
Income from Investment Operations       
Net investment income (loss)A (.02) .15 .07 .11 .12 .13 
Net realized and unrealized gain (loss) .40 .15 1.52 1.51 (.59) .62 
Total from investment operations .38 .30 1.59 1.62 (.47) .75 
Distributions from net investment income – (.18) (.11) (.12) (.12) (.13) 
Distributions from net realized gain (.59) (.93) (.31) (.34) (.31) (.42) 
Total distributions (.59) (1.10)B (.42) (.46) (.43) (.55) 
Net asset value, end of period $12.30 $12.51 $13.31 $12.14 $10.98 $11.88 
Total ReturnC,D,E 3.13% 2.86% 13.15% 15.27% (4.11)% 6.55% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.25%H 1.25% 1.14% .50% .50% .50% 
Expenses net of fee waivers, if any 1.25%H 1.25% 1.14% .50% .50% .50% 
Expenses net of all reductions 1.25%H 1.25% 1.14% .50% .50% .50% 
Net investment income (loss) (.40)%H 1.16% .56% .99% 1.06% 1.14% 
Supplemental Data       
Net assets, end of period (000 omitted) $87,481 $83,858 $73,101 $58,052 $41,956 $33,436 
Portfolio turnover rateG 26%H 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $1.10 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.927 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.44 $13.26 $12.11 $10.98 $11.88 $11.69 
Income from Investment Operations       
Net investment income (loss)A (.06) .08 .01 .06 .06 .08 
Net realized and unrealized gain (loss) .41 .16 1.51 1.49 (.58) .61 
Total from investment operations .35 .24 1.52 1.55 (.52) .69 
Distributions from net investment income – (.13) (.06) (.08) (.08) (.09) 
Distributions from net realized gain (.59) (.93) (.31) (.34) (.30) (.41) 
Total distributions (.59) (1.06) (.37) (.42) (.38) (.50) 
Net asset value, end of period $12.20 $12.44 $13.26 $12.11 $10.98 $11.88 
Total ReturnB,C,D 2.87% 2.32% 12.62% 14.62% (4.53)% 6.01% 
Ratios to Average Net AssetsE,F       
Expenses before reductions 1.75%G 1.74%H 1.64% 1.00% 1.00% 1.00% 
Expenses net of fee waivers, if any 1.75%G 1.74%H 1.64% 1.00% 1.00% 1.00% 
Expenses net of all reductions 1.75%G 1.74%H 1.64% 1.00% 1.00% 1.00% 
Net investment income (loss) (.90)%G .66% .05% .49% .56% .65% 
Supplemental Data       
Net assets, end of period (000 omitted) $11,094 $10,991 $10,685 $8,529 $5,671 $4,180 
Portfolio turnover rateF 26%G 27% 18% 24% 24% 29% 

 A Calculated based on average shares outstanding during the period.

 B Total returns for periods of less than one year are not annualized.

 C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 D Total returns do not include the effect of the contingent deferred sales charge.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 
Selected Per–Share Data       
Net asset value, beginning of period $12.64 $13.43 $12.24 $11.06 $11.96 $11.74 
Income from Investment Operations       
Net investment income (loss)A .01 .21 .14 .17 .18 .19 
Net realized and unrealized gain (loss) .40 .15 1.53 1.51 (.60) .63 
Total from investment operations .41 .36 1.67 1.68 (.42) .82 
Distributions from net investment income – (.22) (.16) (.16) (.17) (.18) 
Distributions from net realized gain (.60) (.93) (.32) (.34) (.31) (.42) 
Total distributions (.60) (1.15) (.48) (.50) (.48) (.60) 
Net asset value, end of period $12.45 $12.64 $13.43 $12.24 $11.06 $11.96 
Total ReturnB,C 3.38% 3.34% 13.74% 15.81% (3.64)% 7.15% 
Ratios to Average Net AssetsD,E       
Expenses before reductions .75%F .75% .64% - %G - %G - %G 
Expenses net of fee waivers, if any .75%F .75% .64% -% -% -% 
Expenses net of all reductions .75%F .75% .64% -% -% -% 
Net investment income (loss) .10%F 1.66% 1.05% 1.49% 1.56% 1.64% 
Supplemental Data       
Net assets, end of period (000 omitted) $346,681 $308,366 $249,432 $165,720 $119,597 $87,769 
Portfolio turnover rateE 26%F 27% 18% 24% 24% 29% 

 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $12.58 $13.57 
Income from Investment Operations   
Net investment income (loss)B .01 .38 
Net realized and unrealized gain (loss) .41 (.65)C 
Total from investment operations .42 (.27) 
Distributions from net investment income – (.28) 
Distributions from net realized gain (.62) (.43) 
Total distributions (.62) (.72)D 
Net asset value, end of period $12.38 $12.58 
Total ReturnE,F 3.46% (1.35)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .64%I .65%I,J 
Expenses net of fee waivers, if any .64%I .65%I,J 
Expenses net of all reductions .64%I .65%I,J 
Net investment income (loss) .20%I 6.29%I 
Supplemental Data   
Net assets, end of period (000 omitted) $3,742 $428 
Portfolio turnover rateH 26%I 27% 

 A For the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.72 per share is comprised of distributions from net investment income of $.281 and distributions from net realized gain of $.434 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2055 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $12.62 $13.42 $12.63 
Income from Investment Operations    
Net investment income (loss)B .02 .24 .47 
Net realized and unrealized gain (loss) .39 .15 .69 
Total from investment operations .41 .39 1.16 
Distributions from net investment income – (.26) (.19) 
Distributions from net realized gain (.61) (.93) (.18) 
Total distributions (.61) (1.19) (.37) 
Net asset value, end of period $12.42 $12.62 $13.42 
Total ReturnC,D 3.37% 3.59% 9.16% 
Ratios to Average Net AssetsE,F    
Expenses before reductions .49%G .50%H .50%G,H 
Expenses net of fee waivers, if any .49%G .50%H .50%G,H 
Expenses net of all reductions .49%G .50%H .50%G,H 
Net investment income (loss) .35%G 1.91% 4.26%G 
Supplemental Data    
Net assets, end of period (000 omitted) $16,971 $12,968 $3,116 
Portfolio turnover rateF 26%G 27% 18% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Growth Fund 9.6 
Fidelity Series International Value Fund 9.6 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.1 
Fidelity Advisor Series Equity Growth Fund 6.3 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 55.9% 
   International Equity Funds 36.5% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
   Short-Term Investments 0.1% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2060 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

U.S. Treasury Obligations - 0.1%   
 Principal Amount Value 
U.S. Treasury Bills, yield at date of purchase 1.82% to 2.08% 10/17/19 to 12/26/19(a)   
(Cost $119,649) 120,000 119,672 
 Shares Value 
Domestic Equity Funds - 55.9%   
Fidelity Advisor Series Equity Growth Fund (b) 820,443 $11,855,407 
Fidelity Advisor Series Growth Opportunities Fund (b) 528,002 7,677,147 
Fidelity Advisor Series Small Cap Fund (b) 514,805 5,647,406 
Fidelity Series All-Sector Equity Fund (b) 543,949 5,510,205 
Fidelity Series Commodity Strategy Fund (b) 1,451,661 6,663,124 
Fidelity Series Large Cap Stock Fund (b) 1,441,820 20,891,977 
Fidelity Series Large Cap Value Index Fund (b) 175,220 2,288,370 
Fidelity Series Opportunistic Insights Fund (b) 613,009 11,046,424 
Fidelity Series Small Cap Opportunities Fund (b) 565,386 7,276,518 
Fidelity Series Stock Selector Large Cap Value Fund (b) 1,093,750 13,639,062 
Fidelity Series Value Discovery Fund (b) 1,036,742 13,488,020 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $105,257,084)  105,983,660 
International Equity Funds - 36.5%   
Fidelity Series Canada Fund (b) 191,101 2,115,489 
Fidelity Series Emerging Markets Fund (b) 231,641 2,133,410 
Fidelity Series Emerging Markets Opportunities Fund (b) 1,027,488 19,090,724 
Fidelity Series International Growth Fund (b) 1,109,816 18,167,694 
Fidelity Series International Small Cap Fund (b) 249,941 4,034,042 
Fidelity Series International Value Fund (b) 1,901,018 18,059,673 
Fidelity Series Overseas Fund (b) 552,245 5,478,269 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $67,156,085)  69,079,301 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (b) 120,565 1,133,310 
Fidelity Series Floating Rate High Income Fund (b) 26,434 245,569 
Fidelity Series High Income Fund (b) 149,934 1,424,372 
Fidelity Series Inflation-Protected Bond Index Fund (b) 307,159 3,096,160 
Fidelity Series International Credit Fund (b) 3,284 34,384 
Fidelity Series Investment Grade Bond Fund (b) 21,314 247,246 
Fidelity Series Long-Term Treasury Bond Index Fund (b) 487,558 4,880,459 
Fidelity Series Real Estate Income Fund (b) 81,354 911,975 
TOTAL BOND FUNDS   
(Cost $11,221,105)  11,973,475 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (c) 66,848 66,861 
Fidelity Series Government Money Market Fund 2.07% (b)(d) 1,873,121 1,873,121 
Fidelity Series Short-Term Credit Fund (b) 46,551 469,231 
TOTAL SHORT-TERM FUNDS   
(Cost $2,403,147)  2,409,213 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $186,157,070)  189,565,321 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (136,319) 
NET ASSETS - 100%  $189,429,002 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) Dec. 2019 $595,700 $2,157 $2,157 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) Dec. 2019 150,285 (5,052) (5,052) 
TOTAL PURCHASED     (2,895) 
Sold      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) Dec. 2019 759,360 5,928 5,928 
TOTAL FUTURES CONTRACTS     $3,033 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

The notional amount of futures sold as a percentage of Net Assets is 0.4%

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 $119,672.

 (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 $2,826 
Total $2,826 

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 $10,807,476 $2,533,762 $1,883,349 $-- $(69) $397,587 $11,855,407 
Fidelity Advisor Series Growth Opportunities Fund 7,827,409 1,647,372 1,849,685 -- 16,757 35,294 7,677,147 
Fidelity Advisor Series Small Cap Fund 4,893,239 1,256,437 745,189 -- (31,736) 274,655 5,647,406 
Fidelity Series All-Sector Equity Fund 4,970,143 1,154,718 874,676 -- (47,649) 307,669 5,510,205 
Fidelity Series Canada Fund 1,414,595 625,742 46,813 -- (263) 122,228 2,115,489 
Fidelity Series Commodity Strategy Fund 3,728,027 3,352,369 183,575 57,851 (4,914) (228,783) 6,663,124 
Fidelity Series Emerging Markets Debt Fund 890,104 302,580 36,758 30,378 (496) (22,120) 1,133,310 
Fidelity Series Emerging Markets Fund 1,454,460 819,098 41,225 -- (3,026) (95,897) 2,133,410 
Fidelity Series Emerging Markets Opportunities Fund 13,552,589 5,878,605 371,848 -- (3,255) 34,633 19,090,724 
Fidelity Series Floating Rate High Income Fund 188,363 64,720 7,781 6,392 261 245,569 
Fidelity Series Government Money Market Fund 2.07% 1,076,148 1,899,741 1,102,768 18,269 -- -- 1,873,121 
Fidelity Series High Income Fund 1,586,541 326,011 502,785 42,548 (11,348) 25,953 1,424,372 
Fidelity Series Inflation-Protected Bond Index Fund 434,037 2,689,944 36,821 1,465 115 8,885 3,096,160 
Fidelity Series International Credit Fund 32,058 426 -- 426 -- 1,900 34,384 
Fidelity Series International Growth Fund 13,921,466 3,577,477 491,084 -- 16,124 1,143,711 18,167,694 
Fidelity Series International Small Cap Fund 3,214,565 849,799 165,186 -- 1,652 133,212 4,034,042 
Fidelity Series International Value Fund 13,068,231 5,083,518 438,335 -- (9,251) 355,510 18,059,673 
Fidelity Series Investment Grade Bond Fund 856,998 732,848 1,401,243 19,101 55,151 3,492 247,246 
Fidelity Series Large Cap Stock Fund 17,896,860 5,320,480 2,111,204 944,242 (74,708) (139,451) 20,891,977 
Fidelity Series Large Cap Value Index Fund 1,956,244 483,097 262,562 -- 2,319 109,272 2,288,370 
Fidelity Series Long-Term Treasury Bond Index Fund 5,345,055 1,603,102 2,712,119 71,448 167,791 476,630 4,880,459 
Fidelity Series Opportunistic Insights Fund 10,027,695 2,332,381 1,606,882 -- (52,310) 345,540 11,046,424 
Fidelity Series Overseas Fund -- 5,456,857 -- -- -- 21,412 5,478,269 
Fidelity Series Real Estate Income Fund 701,595 213,945 24,687 31,181 463 20,659 911,975 
Fidelity Series Short-Term Credit Fund 296,330 262,165 93,321 5,036 191 3,866 469,231 
Fidelity Series Small Cap Opportunities Fund 6,242,123 1,987,741 611,259 456,075 (10,432) (331,655) 7,276,518 
Fidelity Series Stock Selector Large Cap Value Fund 11,694,360 2,856,560 1,635,680 -- (37,985) 761,807 13,639,062 
Fidelity Series Value Discovery Fund 11,424,896 2,810,912 1,271,049 -- (3,455) 526,716 13,488,020 
 $149,501,607 $56,122,407 $20,507,884 $1,684,412 $(30,328) $4,292,986 $189,378,788 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2019, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Other Short-Term Investments $119,672 $-- $119,672 $-- 
Domestic Equity Funds 105,983,660 105,983,660 -- -- 
International Equity Funds 69,079,301 69,079,301 -- -- 
Bond Funds 11,973,475 11,973,475 -- -- 
Short-Term Funds 2,409,213 2,409,213 -- -- 
Total Investments in Securities: $189,565,321 $189,445,649 $119,672 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $8,085 $8,085 $-- $-- 
Total Assets $8,085 $8,085 $-- $-- 
Liabilities     
Futures Contracts $(5,052) $(5,052) $-- $-- 
Total Liabilities $(5,052) $(5,052) $-- $-- 
Total Derivative Instruments: $3,033 $3,033 $-- $-- 

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, 2019. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $8,085 $(5,052) 
Total Equity Risk 8,085 (5,052) 
Total Value of Derivatives $8,085 $(5,052) 

 (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, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $119,649) 
$119,672  
Fidelity Central Funds (cost $66,861) 66,861  
Other affiliated issuers (cost $185,970,560) 189,378,788  
Total Investment in Securities (cost $186,157,070)  $189,565,321 
Cash  102 
Receivable for investments sold  1,595,116 
Receivable for fund shares sold  609,791 
Distributions receivable from Fidelity Central Funds  155 
Receivable for daily variation margin on futures contracts  2,383 
Total assets  191,772,868 
Liabilities   
Payable for investments purchased $1,199,045  
Payable for fund shares redeemed 1,002,335  
Accrued management fee 115,729  
Distribution and service plan fees payable 26,757  
Total liabilities  2,343,866 
Net Assets  $189,429,002 
Net Assets consist of:   
Paid in capital  $186,936,402 
Total accumulated earnings (loss)  2,492,600 
Net Assets  $189,429,002 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($67,254,497 ÷ 6,015,402 shares)(a)  $11.18 
Maximum offering price per share (100/94.25 of $11.18)  $11.86 
Class M:   
Net Asset Value and redemption price per share ($22,855,051 ÷ 2,048,526 shares)(a)  $11.16 
Maximum offering price per share (100/96.50 of $11.16)  $11.56 
Class C:   
Net Asset Value and offering price per share ($4,109,618 ÷ 369,264 shares)(a)  $11.13 
Class I:   
Net Asset Value, offering price and redemption price per share ($90,099,081 ÷ 8,017,582 shares)  $11.24 
Class Z:   
Net Asset Value, offering price and redemption price per share ($959,490 ÷ 85,675 shares)  $11.20 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($4,151,265 ÷ 369,340 shares)  $11.24 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $718,067 
Interest  699 
Income from Fidelity Central Funds  2,826 
Total income  721,592 
Expenses   
Management fee $631,385  
Distribution and service plan fees 150,257  
Independent trustees' fees and expenses 325  
Total expenses before reductions 781,967  
Expense reductions (40)  
Total expenses after reductions  781,927 
Net investment income (loss)  (60,335) 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 479  
Affiliated issuers (30,328)  
Futures contracts 41,796  
Capital gain distributions from underlying funds:   
Affiliated issuers 966,345  
Total net realized gain (loss)  978,292 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 21  
Affiliated issuers 4,292,986  
Futures contracts 17,536  
Total change in net unrealized appreciation (depreciation)  4,310,543 
Net gain (loss)  5,288,835 
Net increase (decrease) in net assets resulting from operations  $5,228,500 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $(60,335) $1,896,856 
Net realized gain (loss) 978,292 9,063,496 
Change in net unrealized appreciation (depreciation) 4,310,543 (6,613,719) 
Net increase (decrease) in net assets resulting from operations 5,228,500 4,346,633 
Distributions to shareholders (6,802,521) (8,781,108) 
Share transactions - net increase (decrease) 41,255,303 56,756,059 
Total increase (decrease) in net assets 39,681,282 52,321,584 
Net Assets   
Beginning of period 149,747,720 97,426,136 
End of period $189,429,002 $149,747,720 

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,     
 2019 2019 2018 2017 2016 2015 A 
Selected Per–Share Data       
Net asset value, beginning of period $11.31 $11.86 $10.76 $9.62 $10.34 $10.00 
Income from Investment Operations       
Net investment income (loss)B (.01) .17 .10 .13 .12 .15 
Net realized and unrealized gain (loss) .37 .13 1.34 1.33 (.51) .37 
Total from investment operations .36 .30 1.44 1.46 (.39) .52 
Distributions from net investment income – (.17) (.11) (.12) (.11) (.10) 
Distributions from net realized gain (.49) (.68) (.23) (.20) (.22) (.08) 
Total distributions (.49) (.85) (.34) (.32) (.33) (.18) 
Net asset value, end of period $11.18 $11.31 $11.86 $10.76 $9.62 $10.34 
Total ReturnC,D,E 3.25% 3.09% 13.44% 15.55% (3.89)% 5.24% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.00%H 1.00% .91% .25% .25% .25%H 
Expenses net of fee waivers, if any 1.00%H 1.00% .91% .25% .25% .25%H 
Expenses net of all reductions 1.00%H 1.00% .91% .25% .25% .25%H 
Net investment income (loss) (.15)%H 1.48% .84% 1.30% 1.29% 2.24%H 
Supplemental Data       
Net assets, end of period (000 omitted) $67,254 $55,732 $37,880 $18,482 $9,058 $2,267 
Portfolio turnover rateG 24%H 27% 16% 32% 64% 47%H 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 A 
Selected Per–Share Data       
Net asset value, beginning of period $11.29 $11.85 $10.77 $9.63 $10.33 $10.00 
Income from Investment Operations       
Net investment income (loss)B (.02) .14 .07 .11 .10 .13 
Net realized and unrealized gain (loss) .37 .14 1.33 1.33 (.51) .38 
Total from investment operations .35 .28 1.40 1.44 (.41) .51 
Distributions from net investment income – (.16) (.10) (.10) (.08) (.09) 
Distributions from net realized gain (.48) (.68) (.22) (.20) (.21) (.08) 
Total distributions (.48) (.84) (.32) (.30) (.29) (.18)C 
Net asset value, end of period $11.16 $11.29 $11.85 $10.77 $9.63 $10.33 
Total ReturnD,E,F 3.19% 2.82% 13.04% 15.29% (4.09)% 5.07% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.25%I 1.25% 1.16% .50% .50% .51%I,J 
Expenses net of fee waivers, if any 1.25%I 1.25% 1.16% .50% .50% .51%I,J 
Expenses net of all reductions 1.25%I 1.25% 1.16% .50% .50% .51%I,J 
Net investment income (loss) (.40)%I 1.23% .59% 1.05% 1.04% 1.98%I 
Supplemental Data       
Net assets, end of period (000 omitted) $22,855 $19,070 $12,628 $5,719 $3,189 $2,062 
Portfolio turnover rateH 24%I 27% 16% 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.094 and distributions from net realized gain of $.081 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 A 
Selected Per–Share Data       
Net asset value, beginning of period $11.29 $11.87 $10.81 $9.68 $10.31 $10.00 
Income from Investment Operations       
Net investment income (loss)B (.05) .08 .01 .06 .05 .10 
Net realized and unrealized gain (loss) .37 .14 1.34 1.33 (.51) .38 
Total from investment operations .32 .22 1.35 1.39 (.46) .48 
Distributions from net investment income – (.12) (.07) (.06) – (.08) 
Distributions from net realized gain (.48) (.68) (.22) (.20) (.17) (.08) 
Total distributions (.48) (.80) (.29) (.26) (.17) (.17)C 
Net asset value, end of period $11.13 $11.29 $11.87 $10.81 $9.68 $10.31 
Total ReturnD,E,F 2.88% 2.33% 12.53% 14.65% (4.60)% 4.77% 
Ratios to Average Net AssetsG,H       
Expenses before reductions 1.75%I 1.75% 1.66% 1.00% .99% 1.02%I,J 
Expenses net of fee waivers, if any 1.75%I 1.75% 1.66% 1.00% .99% 1.02%I,J 
Expenses net of all reductions 1.75%I 1.75% 1.66% 1.00% .99% 1.02%I,J 
Net investment income (loss) (.90)%I .72% .09% .55% .55% 1.47%I 
Supplemental Data       
Net assets, end of period (000 omitted) $4,110 $3,723 $2,604 $1,209 $1,292 $1,322 
Portfolio turnover rateH 24%I 27% 16% 32% 64% 47%I 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.081 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31,     
 2019 2019 2018 2017 2016 2015 A 
Selected Per–Share Data       
Net asset value, beginning of period $11.36 $11.90 $10.80 $9.65 $10.35 $10.00 
Income from Investment Operations       
Net investment income (loss)B .01 .20 .13 .16 .15 .17 
Net realized and unrealized gain (loss) .36 .13 1.33 1.33 (.50) .37 
Total from investment operations .37 .33 1.46 1.49 (.35) .54 
Distributions from net investment income – (.20) (.13) (.13) (.12) (.10) 
Distributions from net realized gain (.49) (.68) (.23) (.20) (.23) (.08) 
Total distributions (.49) (.87)C (.36) (.34)D (.35) (.19)E 
Net asset value, end of period $11.24 $11.36 $11.90 $10.80 $9.65 $10.35 
Total ReturnF,G 3.38% 3.38% 13.63% 15.82% (3.54)% 5.38% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .75%J .75% .66% - %K - %K - %J,K 
Expenses net of fee waivers, if any .75%J .75% .66% -% -% - %J 
Expenses net of all reductions .75%J .75% .66% -% -% - %J 
Net investment income (loss) .10%J 1.73% 1.09% 1.55% 1.54% 2.49%J 
Supplemental Data       
Net assets, end of period (000 omitted) $90,099 $68,445 $43,513 $18,162 $5,845 $399 
Portfolio turnover rateI 24%J 27% 16% 32% 64% 47%J 

 A For the period August 5, 2014 (commencement of operations) to March 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.87 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.679 per share.

 D Total distributions of $.34 per share is comprised of distributions from net investment income of $.132 and distributions from net realized gain of $.204 per share.

 E Total distributions of $.19 per share is comprised of distributions from net investment income of $.104 and distributions from net realized gain of $.081 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

 K 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, Year endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.32 $12.10 
Income from Investment Operations   
Net investment income (loss)B .01 .23 
Net realized and unrealized gain (loss) .37 (.46)C 
Total from investment operations .38 (.23) 
Distributions from net investment income – (.24) 
Distributions from net realized gain (.50) (.31) 
Total distributions (.50) (.55) 
Net asset value, end of period $11.20 $11.32 
Total ReturnD,E 3.45% (1.34)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .64%H .64%H,I 
Expenses net of fee waivers, if any .64%H .64%H,I 
Expenses net of all reductions .64%H .64%H,I 
Net investment income (loss) .20%H 4.28%H 
Supplemental Data   
Net assets, end of period (000 omitted) $959 $284 
Portfolio turnover rateG 24%H 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom 2060 Fund Class Z6

 Six months ended (Unaudited) September 30, Years endedMarch 31,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $11.36 $11.90 $11.16 
Income from Investment Operations    
Net investment income (loss)B .02 .23 .33 
Net realized and unrealized gain (loss) .36 .13 .69 
Total from investment operations .38 .36 1.02 
Distributions from net investment income – (.22) (.16) 
Distributions from net realized gain (.50) (.68) (.13) 
Total distributions (.50) (.90) (.28)C 
Net asset value, end of period $11.24 $11.36 $11.90 
Total ReturnD,E 3.44% 3.63% 9.14% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .49%H .50%I .50%H,I 
Expenses net of fee waivers, if any .49%H .50%I .50%H,I 
Expenses net of all reductions .49%H .50%I .50%H,I 
Net investment income (loss) .35%H 1.98% 3.41%H 
Supplemental Data    
Net assets, end of period (000 omitted) $4,151 $2,493 $802 
Portfolio turnover rateG 24%H 27% 16% 

 A For the period June 6, 2017 (commencement of sale of shares) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.28 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.127 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Stock Fund 11.0 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series International Value Fund 9.5 
Fidelity Series International Growth Fund 9.4 
Fidelity Series Stock Selector Large Cap Value Fund 7.2 
Fidelity Series Value Discovery Fund 7.2 
Fidelity Advisor Series Equity Growth Fund 6.2 
Fidelity Series Opportunistic Insights Fund 5.8 
Fidelity Advisor Series Growth Opportunities Fund 4.1 
Fidelity Series Small Cap Opportunities Fund 3.8 
 74.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.3% 
 Net Other Assets (Liabilities)* (0.1)% 


 * Net Other Assets (Liabilities) are not included in the pie chart

Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Advisor Freedom® 2065 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Advisor Series Equity Growth Fund (a) 4,487 $64,838 
Fidelity Advisor Series Growth Opportunities Fund (a) 2,923 42,502 
Fidelity Advisor Series Small Cap Fund (a) 2,968 32,562 
Fidelity Series All-Sector Equity Fund (a) 3,059 30,990 
Fidelity Series Commodity Strategy Fund (a) 7,987 36,662 
Fidelity Series Large Cap Stock Fund (a) 7,903 114,516 
Fidelity Series Large Cap Value Index Fund (a) 946 12,350 
Fidelity Series Opportunistic Insights Fund (a) 3,371 60,741 
Fidelity Series Small Cap Opportunities Fund (a) 3,083 39,684 
Fidelity Series Stock Selector Large Cap Value Fund (a) 5,987 74,656 
Fidelity Series Value Discovery Fund (a) 5,724 74,465 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $592,385)  583,966 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 1,067 11,815 
Fidelity Series Emerging Markets Fund (a) 1,273 11,725 
Fidelity Series Emerging Markets Opportunities Fund (a) 5,647 104,925 
Fidelity Series International Growth Fund (a) 5,986 97,988 
Fidelity Series International Small Cap Fund (a) 1,439 23,229 
Fidelity Series International Value Fund (a) 10,383 98,639 
Fidelity Series Overseas Fund (a) 3,095 30,701 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $381,937)  379,022 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 665 6,248 
Fidelity Series Floating Rate High Income Fund (a) 149 1,383 
Fidelity Series High Income Fund (a) 825 7,841 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,651 16,643 
Fidelity Series International Credit Fund (a) 22 228 
Fidelity Series Investment Grade Bond Fund (a) 133 1,541 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,680 26,824 
Fidelity Series Real Estate Income Fund (a) 452 5,068 
TOTAL BOND FUNDS   
(Cost $64,164)  65,776 
Short-Term Funds - 1.3%   
Fidelity Cash Central Fund 1.96% (b) 197 197 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 10,295 10,295 
Fidelity Series Short-Term Credit Fund (a) 256 2,577 
TOTAL SHORT-TERM FUNDS   
(Cost $13,063)  13,069 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,051,549)  1,041,833 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (840) 
NET ASSETS - 100%  $1,040,993 

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 $198 
Total $198 

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,

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 $-- $72,471 $7,076 $-- $(7) $(550) $64,838 
Fidelity Advisor Series Growth Opportunities Fund -- 46,624 2,779 -- 39 (1,382) 42,502 
Fidelity Advisor Series Small Cap Fund -- 34,115 1,535 -- (25) 32,562 
Fidelity Series All-Sector Equity Fund -- 32,434 1,788 -- 17 327 30,990 
Fidelity Series Canada Fund -- 11,752 114 -- (1) 178 11,815 
Fidelity Series Commodity Strategy Fund -- 37,661 63 321 (2) (934) 36,662 
Fidelity Series Emerging Markets Debt Fund -- 6,464 13 89 -- (203) 6,248 
Fidelity Series Emerging Markets Fund -- 12,194 58 -- (2) (409) 11,725 
Fidelity Series Emerging Markets Opportunities Fund -- 107,638 361 -- (7) (2,345) 104,925 
Fidelity Series Floating Rate High Income Fund -- 1,387 19 -- (1) 1,383 
Fidelity Series Government Money Market Fund 2.07% -- 14,209 3,914 59 -- -- 10,295 
Fidelity Series High Income Fund -- 7,869 14 130 -- (14) 7,841 
Fidelity Series Inflation-Protected Bond Index Fund -- 16,675 22 -- (10) 16,643 
Fidelity Series International Credit Fund -- 223 -- 228 
Fidelity Series International Growth Fund -- 101,176 3,788 -- 599 97,988 
Fidelity Series International Small Cap Fund -- 24,410 1,129 -- (6) (46) 23,229 
Fidelity Series International Value Fund -- 100,348 656 -- (11) (1,042) 98,639 
Fidelity Series Investment Grade Bond Fund -- 9,076 7,688 52 131 22 1,541 
Fidelity Series Large Cap Stock Fund -- 127,433 9,277 4,645 (169) (3,471) 114,516 
Fidelity Series Large Cap Value Index Fund -- 13,451 1,289 -- 11 177 12,350 
Fidelity Series Long-Term Treasury Bond Index Fund -- 34,833 9,874 181 103 1,762 26,824 
Fidelity Series Opportunistic Insights Fund -- 67,447 5,079 -- (39) (1,588) 60,741 
Fidelity Series Overseas Fund -- 30,587 35 -- (1) 150 30,701 
Fidelity Series Real Estate Income Fund -- 5,027 114 -- 50 5,068 
Fidelity Series Short-Term Credit Fund -- 3,717 1,147 16 2,577 
Fidelity Series Small Cap Opportunities Fund -- 45,099 2,260 2,510 (72) (3,083) 39,684 
Fidelity Series Stock Selector Large Cap Value Fund -- 79,797 6,241 -- 35 1,065 74,656 
Fidelity Series Value Discovery Fund -- 78,969 5,598 -- 49 1,045 74,465 
 $-- $1,123,086 $71,811 $8,142 $77 $(9,716) $1,041,636 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Advisor Freedom® 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $197) $197  
Other affiliated issuers (cost $1,051,352) 1,041,636  
Total Investment in Securities (cost $1,051,549)  $1,041,833 
Cash  
Receivable for investments sold  12,336 
Total assets  1,054,170 
Liabilities   
Payable for investments purchased $12,336  
Accrued management fee 594  
Distribution and service plan fees payable 247  
Total liabilities  13,177 
Net Assets  $1,040,993 
Net Assets consist of:   
Paid in capital  $1,044,800 
Total accumulated earnings (loss)  (3,807) 
Net Assets  $1,040,993 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($191,520 ÷ 19,244 shares)(a)  $9.95 
Maximum offering price per share (100/94.25 of $9.95)  $10.56 
Class M:   
Net Asset Value and redemption price per share ($166,536 ÷ 16,744 shares)(a)  $9.95 
Maximum offering price per share (100/96.50 of $9.95)  $10.31 
Class C:   
Net Asset Value and offering price per share ($166,173 ÷ 16,729 shares)(a)  $9.93 
Class I:   
Net Asset Value, offering price and redemption price per share ($184,675 ÷ 18,544 shares)  $9.96 
Class Z:   
Net Asset Value, offering price and redemption price per share ($166,013 ÷ 16,666 shares)  $9.96 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($166,076 ÷ 16,666 shares)  $9.96 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,756 
Income from Fidelity Central Funds  198 
Total income  2,954 
Expenses   
Management fee $1,765  
Distribution and service plan fees 742  
Independent trustees' fees and expenses  
Total expenses  2,508 
Net investment income (loss)  446 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 77  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,386  
Total net realized gain (loss)  5,463 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (9,716)  
Total change in net unrealized appreciation (depreciation)  (9,716) 
Net gain (loss)  (4,253) 
Net increase (decrease) in net assets resulting from operations  $(3,807) 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $446 
Net realized gain (loss) 5,463 
Change in net unrealized appreciation (depreciation) (9,716) 
Net increase (decrease) in net assets resulting from operations (3,807) 
Share transactions - net increase (decrease) 1,044,800 
Total increase (decrease) in net assets 1,040,993 
Net Assets  
Beginning of period – 
End of period $1,040,993 

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.05) 
Total from investment operations (.05) 
Net asset value, end of period $9.95 
Total ReturnD,E (.50)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.00%H 
Expenses net of fee waivers, if any 1.00%H 
Expenses net of all reductions 1.00%H 
Net investment income (loss) .15%H 
Supplemental Data  
Net assets, end of period (000 omitted) $192 
Portfolio turnover rateG 7%I 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.05) 
Total from investment operations (.05) 
Net asset value, end of period $9.95 
Total ReturnD,E (.50)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.25%H 
Expenses net of fee waivers, if any 1.25%H 
Expenses net of all reductions 1.25%H 
Net investment income (loss) (.09)%H 
Supplemental Data  
Net assets, end of period (000 omitted) $167 
Portfolio turnover rateG 7%I 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.06) 
Total from investment operations (.07) 
Net asset value, end of period $9.93 
Total ReturnC,D (.70)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions 1.74%G,H 
Expenses net of fee waivers, if any 1.74%G,H 
Expenses net of all reductions 1.74%G,H 
Net investment income (loss) (.59)%G 
Supplemental Data  
Net assets, end of period (000 omitted) $166 
Portfolio turnover rateF 7%I 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns do not include the effect of the contingent deferred sales charge.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

 I Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.05) 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnC (.40)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .75%F 
Expenses net of fee waivers, if any .75%F 
Expenses net of all reductions .75%F 
Net investment income (loss) .40%F 
Supplemental Data  
Net assets, end of period (000 omitted) $185 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not 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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.05) 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnC (.40)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .64%F 
Expenses net of fee waivers, if any .64%F 
Expenses net of all reductions .64%F 
Net investment income (loss) .51%F 
Supplemental Data  
Net assets, end of period (000 omitted) $166 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not 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, 
 2019A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.06) 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnC (.40)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .49%F 
Expenses net of fee waivers, if any .49%F 
Expenses net of all reductions .49%F 
Net investment income (loss) .66%F 
Supplemental Data  
Net assets, end of period (000 omitted) $166 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2019

1. Organization.

Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, 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. Each Fund commenced sale of Class Z shares on October 2, 2018, except for Fidelity Advisor Freedom 2065 Fund. Effective March 1, 2019, Class C shares will automatically convert to Class A shares after a holding period of ten years from the initial date of purchase, with certain exceptions. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date 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 – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by the each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. 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 and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Advisor Freedom Income $212,078,623 $15,687,253 $(1,605,885) $14,081,368 
Advisor Freedom 2005 153,332,846 14,459,170 (664,081) 13,795,089 
Advisor Freedom 2010 368,722,762 41,986,819 (1,913,292) 40,073,527 
Advisor Freedom 2015 823,932,990 117,822,443 (4,280,408) 113,542,035 
Advisor Freedom 2020 1,957,279,101 283,088,566 (10,353,552) 272,735,014 
Advisor Freedom 2025 2,563,542,123 376,356,712 (20,454,844) 355,901,868 
Advisor Freedom 2030 2,626,132,082 424,745,503 (24,771,048) 399,974,455 
Advisor Freedom 2035 2,114,418,919 369,880,647 (27,284,047) 342,596,600 
Advisor Freedom 2040 1,874,317,019 343,832,552 (25,389,149) 318,443,403 
Advisor Freedom 2045 1,282,880,014 198,047,113 (23,136,074) 174,911,039 
Advisor Freedom 2050 1,043,975,304 155,693,061 (19,509,872) 136,183,189 
Advisor Freedom 2055 653,137,567 54,518,328 (19,744,542) 34,773,786 
Advisor Freedom 2060 187,639,173 8,714,056 (6,784,875) 1,929,181 
Advisor Freedom 2065 1,051,729 6,140 (16,036) (9,896) 

Certain of the Funds elected to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to December 31, 2018. Loss deferrals were as follows:

 Capital losses 
Advisor Freedom 2020 $ 621,115 

Certain of the Funds elected to defer to the next fiscal year ordinary losses recognized during the period January 1, 2019 to March 31, 2019. Loss deferrals were as follows:

 Ordinary Losses 
Advisor Freedom 2030 $698,073 
Advisor Freedom 2035 3,293,429 
Advisor Freedom 2040 3,803,893 
Advisor Freedom 2045 2,333,328 
Advisor Freedom 2050 1,896,738 
Advisor Freedom 2055 1,000,074 
Advisor Freedom 2060 232,619 

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.
 
Interest Rate Risk Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates. 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Advisor Freedom Income   
Equity Risk   
Futures Contracts $141,135 $16,407 
Total Equity Risk 141,135 16,407 
Interest Rate Risk   
Futures Contracts 3,412 (4,557) 
Total Interest Rate Risk 3,412 (4,557) 
Totals $144,547 $11,850 
Advisor Freedom 2005   
Equity Risk   
Futures Contracts $122,704 $14,257 
Total Equity Risk 122,704 14,257 
Interest Rate Risk   
Futures Contracts 6,420 (5,875) 
Total Interest Rate Risk 6,420 (5,875) 
Totals $129,124 $8,382 
Advisor Freedom 2010   
Equity Risk   
Futures Contracts $353,368 $49,881 
Total Equity Risk 353,368 49,881 
Interest Rate Risk   
Futures Contracts 32,096 (31,299) 
Total Interest Rate Risk 32,096 (31,299) 
Totals $385,464 $18,582 
Advisor Freedom 2015   
Equity Risk   
Futures Contracts $821,662 $131,757 
Total Equity Risk 821,662 131,757 
Interest Rate Risk   
Futures Contracts 98,018 (86,639) 
Total Interest Rate Risk 98,018 (86,639) 
Totals $919,680 $45,118 
Advisor Freedom 2020   
Equity Risk   
Futures Contracts $1,650,544 $382,673 
Total Equity Risk 1,650,544 382,673 
Interest Rate Risk   
Futures Contracts 253,223 (216,050) 
Total Interest Rate Risk 253,223 (216,050) 
Totals $1,903,767 $166,623 
Advisor Freedom 2025   
Equity Risk   
Futures Contracts $1,974,237 $456,163 
Total Equity Risk 1,974,237 456,163 
Interest Rate Risk   
Futures Contracts 346,994 (294,441) 
Total Interest Rate Risk 346,994 (294,441) 
Totals $2,321,231 $161,722 
Advisor Freedom 2030   
Equity Risk   
Futures Contracts $1,698,938 $579,721 
Total Equity Risk 1,698,938 579,721 
Interest Rate Risk   
Futures Contracts 310,498 (258,543) 
Total Interest Rate Risk 310,498 (258,543) 
Totals $2,009,436 $321,178 
Advisor Freedom 2035   
Equity Risk   
Futures Contracts $758,755 $519,829 
Total Equity Risk 758,755 519,829 
Interest Rate Risk   
Futures Contracts 303,372 (257,203) 
Total Interest Rate Risk 303,372 (257,203) 
Totals $1,062,127 $262,626 
Advisor Freedom 2040   
Equity Risk   
Futures Contracts $885,867 $137,909 
Total Equity Risk 885,867 137,909 
Interest Rate Risk   
Futures Contracts 105,915 (90,166) 
Total Interest Rate Risk 105,915 (90,166) 
Totals $991,782 $47,743 
Advisor Freedom 2045   
Equity Risk   
Futures Contracts $535,751 $117,814 
Total Equity Risk 535,751 117,814 
Interest Rate Risk   
Futures Contracts 64,613 (54,762) 
Total Interest Rate Risk 64,613 (54,762) 
Totals $600,364 $63,052 
Advisor Freedom 2050   
Equity Risk   
Futures Contracts $430,088 $99,209 
Total Equity Risk 430,088 99,209 
Interest Rate Risk   
Futures Contracts 50,500 (45,083) 
Total Interest Rate Risk 50,500 (45,083) 
Totals $480,588 $54,126 
Advisor Freedom 2055   
Equity Risk   
Futures Contracts $219,122 $61,696 
Total Equity Risk 219,122 61,696 
Interest Rate Risk   
Futures Contracts 29,472 (27,845) 
Total Interest Rate Risk 29,472 (27,845) 
Totals $248,594 $33,851 
Advisor Freedom 2060   
Equity Risk   
Futures Contracts $41,796 $17,536 
Total Equity Risk 41,796 17,536 
Totals $41,796 $17,536 

A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

5. Purchases and Sales of Investments.

Purchases and sales of securities (including the Underlying Fund shares), other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Advisor Freedom Income 27,778,370 33,371,830 
Advisor Freedom 2005 21,854,795 23,547,121 
Advisor Freedom 2010 44,478,017 66,713,603 
Advisor Freedom 2015 94,718,507 166,047,142 
Advisor Freedom 2020 252,584,906 375,485,995 
Advisor Freedom 2025 403,242,231 467,799,695 
Advisor Freedom 2030 469,864,006 498,798,648 
Advisor Freedom 2035 397,318,155 398,387,059 
Advisor Freedom 2040 275,338,778 314,105,209 
Advisor Freedom 2045 216,390,641 189,586,855 
Advisor Freedom 2050 178,911,716 156,222,837 
Advisor Freedom 2055 126,436,994 84,362,820 
Advisor Freedom 2060 56,122,407 20,507,884 
Advisor Freedom 2065 1,123,086 71,811 

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, 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 .474% .422% 
Fidelity Advisor Freedom 2010 Fund .516% .454% 
Fidelity Advisor Freedom 2015 Fund .559% .489% 
Fidelity Advisor Freedom 2020 Fund .601% .524% 
Fidelity Advisor Freedom 2025 Fund .644% .559% 
Fidelity Advisor Freedom 2030 Fund .686% .594% 
Fidelity Advisor Freedom 2035 Fund .729% .629% 
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 .369% 
Fidelity Advisor Freedom 2010 Fund .388% 
Fidelity Advisor Freedom 2015 Fund .408% 
Fidelity Advisor Freedom 2020 Fund .427% 
Fidelity Advisor Freedom 2025 Fund .446% 
Fidelity Advisor Freedom 2030 Fund .466% 
Fidelity Advisor Freedom 2035 Fund .485% 
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 Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of each Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

 Distribution Fee Service Fee Total Fees Retained by FDC 
Advisor Freedom Income     
Class A -% .25% $86,691 $1,933 
Class M .25% .25% 99,888 – 
Class C .75% .25% 40,695 3,975 
   $227,274 $5,908 
Advisor Freedom 2005     
Class A -% .25% $110,028 $3,675 
Class M .25% .25% 61,664 403 
Class C .75% .25% 9,743 1,011 
   $181,435 $5,089 
Advisor Freedom 2010     
Class A -% .25% $243,270 $12,185 
Class M .25% .25% 181,926 1,716 
Class C .75% .25% 52,556 3,796 
   $477,752 $17,697 
Advisor Freedom 2015     
Class A -% .25% $581,950 $20,550 
Class M .25% .25% 375,952 1,775 
Class C .75% .25% 144,328 10,477 
   $1,102,230 $32,802 
Advisor Freedom 2020     
Class A -% .25% $1,280,426 $46,763 
Class M .25% .25% 857,218 5,019 
Class C .75% .25% 294,427 35,094 
   $2,432,071 $86,876 
Advisor Freedom 2025     
Class A -% .25% $1,631,888 $58,388 
Class M .25% .25% 1,064,992 1,873 
Class C .75% .25% 308,557 39,543 
   $3,005,437 $99,804 
Advisor Freedom 2030     
Class A -% .25% $1,612,850 $51,171 
Class M .25% .25% 1,146,028 1,578 
Class C .75% .25% 324,043 43,553 
   $3,082,921 $96,302 
Advisor Freedom 2035     
Class A -% .25% $1,293,709 $41,511 
Class M .25% .25% 934,191 – 
Class C .75% .25% 219,232 32,428 
   $2,447,132 $73,939 
Advisor Freedom 2040     
Class A -% .25% $1,147,663 $36,681 
Class M .25% .25% 887,504 321 
Class C .75% .25% 256,844 31,094 
   $2,292,011 $68,096 
Advisor Freedom 2045     
Class A -% .25% $691,033 $20,758 
Class M .25% .25% 539,780 124 
Class C .75% .25% 128,441 20,830 
   $1,359,254 $41,712 
Advisor Freedom 2050     
Class A -% .25% $530,855 $14,758 
Class M .25% .25% 436,238 395 
Class C .75% .25% 127,896 21,655 
   $1,094,989 $36,808 
Advisor Freedom 2055     
Class A -% .25% $275,292 $7,095 
Class M .25% .25% 216,034 – 
Class C .75% .25% 55,611 11,506 
   $546,937 $18,601 
Advisor Freedom 2060     
Class A -% .25% $78,225 $2,260 
Class M .25% .25% 52,244 – 
Class C .75% .25% 19,788 7,730 
   $150,257 $9,990 
Advisor Freedom 2065     
Class A -% .25% $111 $105 
Class M .25% .25% 210 210 
Class C .75% .25% 421 421 
   $742 $736 

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class M shares, some of which is paid to financial intermediaries for selling shares of each Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.

For the period, sales charge amounts retained by FDC were as follows:

 Retained by FDC 
Advisor Freedom Income  
Class A $2,612 
Class M 1,248 
Class C(a) 499 
 $4,359 
Advisor Freedom 2005  
Class A $1,235 
Class M 141 
Class C(a) 294 
 $1,670 
Advisor Freedom 2010  
Class A $1,300 
Class M 586 
Class C(a) 605 
 $2,491 
Advisor Freedom 2015  
Class A $7,287 
Class M 2,397 
Class C(a) 1,143 
 $10,827 
Advisor Freedom 2020  
Class A $22,520 
Class M 9,144 
Class C(a) 5,445 
 $37,109 
Advisor Freedom 2025  
Class A $38,980 
Class M 12,999 
Class C(a) 3,853 
 $55,832 
Advisor Freedom 2030  
Class A $41,967 
Class M 14,436 
Class C(a) 2,785 
 $59,188 
Advisor Freedom 2035  
Class A $42,065 
Class M 14,601 
Class C(a) 2,994 
 $59,660 
Advisor Freedom 2040  
Class A $38,649 
Class M 10,920 
Class C(a) 3,503 
 $53,072 
Advisor Freedom 2045  
Class A $28,013 
Class M 8,220 
Class C(a) 2,455 
 $38,688 
Advisor Freedom 2050  
Class A $31,736 
Class M 6,618 
Class C(a) 2,756 
 $41,110 
Advisor Freedom 2055  
Class A $19,247 
Class M 5,176 
Class C(a) 1,979 
 $26,402 
Advisor Freedom 2060  
Class A $11,329 
Class M 2,095 
Class C(a) 552 
 $13,976 

 (a) When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Other. During the period, the Advisor Freedom Income Fund realized a gain of $256,414 from an operational error which is included in Net gain from Affiliate in the accompanying Statement of Operations. In addition, each Fund in the below table recorded a receivable from an operational error which is included in Receivable for fund shares sold in the accompanying Statement of Assets and Liabilities. Amounts were as follows for each Fund:

  
Advisor Freedom 2020 $15,066 
Advisor Freedom 2025 108,567 
Advisor Freedom 2030 1,867 
Advisor Freedom 2035 53,806 
Advisor Freedom 2040 24,606 
Advisor Freedom 2045 46,937 
Advisor Freedom 2050 49,305 
Advisor Freedom 2055 23,354 
Advisor Freedom 2060 3,539 

7. Expense Reductions.

Through arrangements with each applicable Fund's custodian and each class' transfer agent, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's or class' expenses. All of the applicable expense reductions are noted in the table below.

 Custodian credits Transfer Agent credits 
Advisor Freedom Income $128 $– 
Advisor Freedom 2005 124 – 
Advisor Freedom 2010 57 – 
Advisor Freedom 2010 - Class C – 67 
Advisor Freedom 2015 29 – 
Advisor Freedom 2015 - Class C – 190 
Advisor Freedom 2020 12 – 
Advisor Freedom 2020 - Class C – 281 
Advisor Freedom 2025 – 
Advisor Freedom 2025 - Class C – 28 
Advisor Freedom 2030 20 – 
Advisor Freedom 2030 - Class C – 93 
Advisor Freedom 2035 14 – 
Advisor Freedom 2040 16 – 
Advisor Freedom 2040 - Class C – 104 
Advisor Freedom 2045 17 – 
Advisor Freedom 2050 14 – 
Advisor Freedom 2055 54 – 
Advisor Freedom 2060 40 – 

8. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2019 
Year ended
March 31, 2019(a) 
Advisor Freedom Income   
Distributions to shareholders   
Class A $1,187,996 $3,719,592 
Class M 637,318 1,910,164 
Class C 105,697 554,170 
Class I 1,516,053 4,702,881 
Class Z 26,292 24,313 
Class Z6 220,846 956,416 
Total $3,694,202 $11,867,536 
Advisor Freedom 2005   
Distributions to shareholders   
Class A $1,407,783 $7,049,550 
Class M 365,277 1,813,526 
Class C 25,976 357,920 
Class I 813,941 4,121,296 
Class Z 20,326 5,414 
Class Z6 31,809 137,016 
Total $2,665,112 $13,484,722 
Advisor Freedom 2010   
Distributions to shareholders   
Class A $4,418,101 $16,675,337 
Class M 1,568,379 5,904,302 
Class C 216,952 1,674,171 
Class I 2,952,869 11,374,349 
Class Z 53,856 12,443 
Class Z6 158,589 500,401 
Total $9,368,746 $36,141,003 
Advisor Freedom 2015   
Distributions to shareholders   
Class A $12,985,881 $46,432,815 
Class M 4,090,765 14,273,744 
Class C 777,390 4,341,088 
Class I 8,284,815 29,585,610 
Class Z 154,914 51,261 
Class Z6 486,197 1,405,712 
Total $26,779,962 $96,090,230 
Advisor Freedom 2020   
Distributions to shareholders   
Class A $32,502,920 $92,940,211 
Class M 10,710,628 29,603,011 
Class C 1,838,903 7,197,787 
Class I 24,809,305 69,167,552 
Class Z 443,854 47,484 
Class Z6 1,516,108 3,450,889 
Total $71,821,718 $202,406,934 
Advisor Freedom 2025   
Distributions to shareholders   
Class A $45,479,899 $113,159,727 
Class M 14,535,422 34,967,109 
Class C 2,159,138 6,974,801 
Class I 36,791,946 87,942,916 
Class Z 545,207 22,710 
Class Z6 2,233,565 3,651,730 
Total $101,745,177 $246,718,993 
Advisor Freedom 2030   
Distributions to shareholders   
Class A $52,814,773 $120,850,924 
Class M 18,831,034 40,810,071 
Class C 2,661,369 8,147,415 
Class I 45,997,098 100,237,223 
Class Z 588,401 24,278 
Class Z6 2,681,962 4,483,474 
Total $123,574,637 $274,553,385 
Advisor Freedom 2035   
Distributions to shareholders   
Class A $48,869,307 $103,682,962 
Class M 17,508,469 35,751,347 
Class C 2,099,752 5,966,150 
Class I 43,400,922 88,150,440 
Class Z 492,915 16,723 
Class Z6 2,389,072 3,581,408 
Total $114,760,437 $237,149,030 
Advisor Freedom 2040   
Distributions to shareholders   
Class A $45,511,077 $90,574,926 
Class M 17,597,533 34,055,844 
Class C 2,611,703 7,700,684 
Class I 40,179,476 79,158,942 
Class Z 264,950 42,878 
Class Z6 2,278,110 3,134,461 
Total $108,442,849 $214,667,735 
Advisor Freedom 2045   
Distributions to shareholders   
Class A $26,860,362 $53,425,416 
Class M 10,485,154 19,988,683 
Class C 1,256,942 2,861,435 
Class I 28,538,859 54,655,664 
Class Z 242,482 23,397 
Class Z6 1,712,108 2,388,347 
Total $69,095,907 $133,342,942 
Advisor Freedom 2050   
Distributions to shareholders   
Class A $20,547,843 $38,880,173 
Class M 8,415,067 15,954,954 
Class C 1,242,804 2,996,255 
Class I 24,279,872 46,138,730 
Class Z 107,897 18,714 
Class Z6 1,221,427 1,637,690 
Total $55,814,910 $105,626,516 
Advisor Freedom 2055   
Distributions to shareholders   
Class A $10,130,863 $16,991,913 
Class M 3,974,364 6,421,567 
Class C 521,083 910,713 
Class I 15,021,651 24,818,868 
Class Z 63,479 11,382 
Class Z6 694,125 787,119 
Total $30,405,565 $49,941,562 
Advisor Freedom 2060   
Distributions to shareholders   
Class A $2,509,968 $3,183,825 
Class M 841,438 1,092,888 
Class C 162,286 216,286 
Class I 3,144,377 4,135,890 
Class Z 17,650 6,659 
Class Z6 126,802 145,560 
Total $6,802,521 $8,781,108 

 (a) Distributions for Class Z are for the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

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, 2019 Year ended March 31, 2019(a) Six months ended September 30, 2019 Year ended March 31, 2019(a) 
Advisor Freedom Income     
Class A     
Shares sold 634,864 1,932,113 $6,891,268 $20,788,935 
Reinvestment of distributions 101,100 346,490 1,087,680 3,653,146 
Shares redeemed (912,448) (2,702,121) (9,876,127) (29,102,868) 
Net increase (decrease) (176,484) (423,518) $(1,897,179) $(4,660,787) 
Class M     
Shares sold 535,768 1,307,353 $5,806,200 $13,973,167 
Reinvestment of distributions 53,835 178,770 578,400 1,881,149 
Shares redeemed (415,390) (1,417,023) (4,496,565) (15,158,255) 
Net increase (decrease) 174,213 69,100 $1,888,035 $696,061 
Class C     
Shares sold 64,656 138,607 $704,344 $1,478,943 
Reinvestment of distributions 8,672 50,236 92,914 527,327 
Shares redeemed (165,987) (607,897) (1,794,463) (6,510,741) 
Net increase (decrease) (92,659) (419,054) $(997,205) $(4,504,471) 
Class I     
Shares sold 1,075,179 2,858,444 $11,715,904 $30,911,890 
Reinvestment of distributions 129,325 439,528 1,397,104 4,646,792 
Shares redeemed (1,326,844) (3,187,993) (14,410,723) (34,275,486) 
Net increase (decrease) (122,340) 109,979 $(1,297,715) $1,283,196 
Class Z     
Shares sold 252,272 81,771 $2,727,222 $875,601 
Reinvestment of distributions 2,163 2,344 23,453 24,280 
Shares redeemed (80,144) (13,184) (875,985) (140,510) 
Net increase (decrease) 174,291 70,931 $1,874,690 $759,371 
Class Z6     
Shares sold (145,214) 2,433,234 $(1,511,566) $26,352,197 
Reinvestment of distributions 17,533 91,446 196,283 956,416 
Shares redeemed (225,163) (356,549) (2,451,080) (3,824,909) 
Net increase (decrease) (352,844) 2,168,131 $(3,766,363) $23,483,704 
Advisor Freedom 2005     
Class A     
Shares sold 760,358 1,475,181 $8,708,375 $16,997,499 
Reinvestment of distributions 122,014 618,999 1,368,997 6,866,741 
Shares redeemed (1,145,819) (2,961,826) (13,129,782) (34,157,876) 
Net increase (decrease) (263,447) (867,646) $(3,052,410) $(10,293,636) 
Class M     
Shares sold 295,974 412,017 $3,380,296 $4,683,960 
Reinvestment of distributions 32,542 163,481 364,793 1,809,977 
Shares redeemed (330,326) (609,077) (3,783,881) (6,974,256) 
Net increase (decrease) (1,810) (33,579) $(38,792) $(480,319) 
Class C     
Shares sold 8,133 30,697 $92,960 $351,080 
Reinvestment of distributions 2,168 31,426 24,368 349,478 
Shares redeemed (61,214) (352,196) (700,357) (3,967,909) 
Net increase (decrease) (50,913) (290,073) $(583,029) $(3,267,351) 
Class I     
Shares sold 961,045 1,492,131 $11,059,641 $17,428,926 
Reinvestment of distributions 71,863 367,693 812,766 4,111,616 
Shares redeemed (947,912) (2,525,114) (10,902,098) (29,193,012) 
Net increase (decrease) 84,996 (665,290) $970,309 $(7,652,470) 
Class Z     
Shares sold 172,222 10,528 $1,955,289 $123,421 
Reinvestment of distributions 1,805 501 20,326 5,414 
Shares redeemed (5,603) – (65,149) – 
Net increase (decrease) 168,424 11,029 $1,910,466 $128,835 
Class Z6     
Shares sold 17,657 74,161 $204,063 $859,219 
Reinvestment of distributions 2,820 12,363 31,809 137,016 
Shares redeemed (21,659) (41,986) (251,987) (485,635) 
Net increase (decrease) (1,182) 44,538 $(16,115) $510,600 
Advisor Freedom 2010     
Class A     
Shares sold 1,159,971 2,690,577 $13,694,507 $31,929,407 
Reinvestment of distributions 376,576 1,436,145 4,356,988 16,485,373 
Shares redeemed (2,574,216) (5,824,809) (30,308,521) (69,776,556) 
Net increase (decrease) (1,037,669) (1,698,087) $(12,257,026) $(21,361,776) 
Class M     
Shares sold 451,235 1,145,538 $5,292,649 $13,545,715 
Reinvestment of distributions 135,644 515,771 1,563,975 5,885,548 
Shares redeemed (623,411) (1,777,323) (7,335,182) (21,042,403) 
Net increase (decrease) (36,532) (116,014) $(478,558) $(1,611,140) 
Class C     
Shares sold 82,501 68,555 $968,411 $803,764 
Reinvestment of distributions 18,384 144,087 211,053 1,644,281 
Shares redeemed (158,333) (1,423,730) (1,857,335) (16,650,264) 
Net increase (decrease) (57,448) (1,211,088) $(677,871) $(14,202,219) 
Class I     
Shares sold 1,093,216 2,366,556 $12,986,591 $28,480,238 
Reinvestment of distributions 248,279 970,317 2,885,014 11,136,673 
Shares redeemed (2,111,528) (3,168,660) (25,050,212) (37,874,643) 
Net increase (decrease) (770,033) 168,213 $(9,178,607) $1,742,268 
Class Z     
Shares sold 426,706 21,020 $4,976,941 $252,219 
Reinvestment of distributions 4,527 800 52,328 8,827 
Shares redeemed (32,398) – (385,438) – 
Net increase (decrease) 398,835 21,820 $4,643,831 $261,046 
Class Z6     
Shares sold 85,662 319,785 $1,016,744 $3,838,728 
Reinvestment of distributions 13,672 43,970 158,589 500,401 
Shares redeemed (30,076) (188,166) (358,301) (2,255,829) 
Net increase (decrease) 69,258 175,589 $817,032 $2,083,300 
Advisor Freedom 2015     
Class A     
Shares sold 2,217,248 5,818,830 $26,187,339 $69,623,803 
Reinvestment of distributions 1,116,548 4,011,128 12,884,957 46,053,900 
Shares redeemed (6,147,753) (13,197,358) (72,457,339) (158,962,664) 
Net increase (decrease) (2,813,957) (3,367,400) $(33,385,043) $(43,284,961) 
Class M     
Shares sold 837,279 1,948,078 $9,835,690 $23,381,501 
Reinvestment of distributions 353,508 1,241,019 4,072,408 14,204,206 
Shares redeemed (1,585,865) (3,615,691) (18,610,563) (43,427,448) 
Net increase (decrease) (395,078) (426,594) $(4,702,465) $(5,841,741) 
Class C     
Shares sold 92,950 392,253 $1,084,691 $4,640,240 
Reinvestment of distributions 67,196 377,469 768,720 4,306,006 
Shares redeemed (549,594) (2,481,857) (6,431,119) (29,080,495) 
Net increase (decrease) (389,448) (1,712,135) $(4,577,708) $(20,134,249) 
Class I     
Shares sold 2,742,583 5,358,142 $32,626,849 $65,110,459 
Reinvestment of distributions 699,838 2,526,473 8,146,110 29,153,863 
Shares redeemed (5,700,340) (7,852,844) (67,727,540) (95,159,360) 
Net increase (decrease) (2,257,919) 31,771 $(26,954,581) $(895,038) 
Class Z     
Shares sold 1,234,981 131,064 $14,454,557 $1,551,650 
Reinvestment of distributions 11,781 2,691 136,422 29,547 
Shares redeemed (43,040) (5,295) (511,022) (61,244) 
Net increase (decrease) 1,203,722 128,460 $14,079,957 $1,519,953 
Class Z6     
Shares sold 242,754 645,794 $2,897,354 $7,810,668 
Reinvestment of distributions 41,097 120,773 477,060 1,385,371 
Shares redeemed (189,867) (391,082) (2,251,905) (4,772,522) 
Net increase (decrease) 93,984 375,485 $1,122,509 $4,423,517 
Advisor Freedom 2020     
Class A     
Shares sold 6,169,546 14,374,598 $79,839,353 $188,194,286 
Reinvestment of distributions 2,543,489 7,326,361 32,175,132 92,026,831 
Shares redeemed (12,483,391) (28,842,898) (161,003,226) (379,068,425) 
Net increase (decrease) (3,770,356) (7,141,939) $(48,988,741) $(98,847,308) 
Class M     
Shares sold 2,308,066 4,760,483 $29,838,436 $62,516,929 
Reinvestment of distributions 841,989 2,344,315 10,651,162 29,405,054 
Shares redeemed (4,229,287) (7,737,157) (54,675,465) (101,425,179) 
Net increase (decrease) (1,079,232) (632,359) $(14,185,867) $(9,503,196) 
Class C     
Shares sold 256,461 811,582 $3,283,117 $10,584,311 
Reinvestment of distributions 143,650 567,909 1,801,377 7,092,063 
Shares redeemed (978,890) (3,742,948) (12,599,357) (48,138,778) 
Net increase (decrease) (578,779) (2,363,457) $(7,514,863) $(30,462,404) 
Class I     
Shares sold 7,513,397 16,111,430 $97,823,464 $213,422,542 
Reinvestment of distributions 1,915,244 5,400,494 24,419,358 68,110,509 
Shares redeemed (11,939,149) (18,792,750) (155,601,111) (248,342,793) 
Net increase (decrease) (2,510,508) 2,719,174 $(33,358,289) $33,190,258 
Class Z     
Shares sold 1,765,730 201,565 $22,807,898 $2,595,947 
Reinvestment of distributions 33,402 1,318 423,540 15,774 
Shares redeemed (95,356) (4,370) (1,246,383) (54,839) 
Net increase (decrease) 1,703,776 198,513 $21,985,055 $2,556,882 
Class Z6     
Shares sold 720,002 2,070,697 $9,304,734 $27,540,182 
Reinvestment of distributions 117,630 272,668 1,494,058 3,417,063 
Shares redeemed (262,571) (949,502) (3,433,781) (12,545,730) 
Net increase (decrease) 575,061 1,393,863 $7,365,011 $18,411,515 
Advisor Freedom 2025     
Class A     
Shares sold 8,979,935 18,576,216 $116,196,233 $243,899,864 
Reinvestment of distributions 3,581,474 8,991,273 45,269,830 112,666,699 
Shares redeemed (14,356,086) (31,708,950) (184,890,534) (417,958,164) 
Net increase (decrease) (1,794,677) (4,141,461) $(23,424,471) $(61,391,601) 
Class M     
Shares sold 2,704,181 6,367,361 $35,078,000 $83,840,691 
Reinvestment of distributions 1,136,463 2,765,989 14,398,981 34,652,392 
Shares redeemed (3,694,260) (7,990,398) (47,841,920) (105,125,123) 
Net increase (decrease) 146,384 1,142,952 $1,635,061 $13,367,960 
Class C     
Shares sold 411,445 751,967 $5,234,058 $9,756,669 
Reinvestment of distributions 170,274 554,184 2,119,915 6,878,431 
Shares redeemed (932,206) (3,466,811) (11,868,416) (44,462,125) 
Net increase (decrease) (350,487) (2,160,660) $(4,514,443) $(27,827,025) 
Class I     
Shares sold 11,598,553 21,160,572 $151,148,202 $281,515,024 
Reinvestment of distributions 2,827,671 6,845,479 36,081,088 86,240,671 
Shares redeemed (14,620,790) (21,285,533) (190,556,567) (283,862,119) 
Net increase (decrease) (194,566) 6,720,518 $(3,327,277) $83,893,576 
Class Z     
Shares sold 1,926,931 267,841 $24,937,345 $3,462,110 
Reinvestment of distributions 42,782 1,558 542,482 18,554 
Shares redeemed (126,938) (9,247) (1,650,562) (120,151) 
Net increase (decrease) 1,842,775 260,152 $23,829,265 $3,360,513 
Class Z6     
Shares sold 1,242,954 3,145,643 $16,333,227 $41,844,748 
Reinvestment of distributions 175,292 292,525 2,224,469 3,639,110 
Shares redeemed (408,416) (948,177) (5,295,637) (12,605,127) 
Net increase (decrease) 1,009,830 2,489,991 $13,262,059 $32,878,731 
Advisor Freedom 2030     
Class A     
Shares sold 8,309,769 17,980,070 $115,414,208 $255,271,834 
Reinvestment of distributions 3,868,250 8,905,505 52,453,437 120,053,170 
Shares redeemed (12,156,315) (27,387,212) (167,824,883) (390,712,550) 
Net increase (decrease) 21,704 (501,637) $42,762 $(15,387,546) 
Class M     
Shares sold 3,179,467 6,524,933 $43,930,263 $92,422,241 
Reinvestment of distributions 1,380,616 3,014,113 18,624,510 40,374,345 
Shares redeemed (4,102,222) (7,375,731) (56,418,990) (104,478,572) 
Net increase (decrease) 457,861 2,163,315 $6,135,783 $28,318,014 
Class C     
Shares sold 381,450 961,504 $5,193,634 $13,418,893 
Reinvestment of distributions 197,096 606,734 2,621,391 8,059,733 
Shares redeemed (698,914) (3,271,986) (9,604,901) (45,021,964) 
Net increase (decrease) (120,368) (1,703,748) $(1,789,876) $(23,543,338) 
Class I     
Shares sold 11,173,484 22,457,609 $155,389,385 $320,953,527 
Reinvestment of distributions 3,278,202 7,225,475 44,714,681 97,542,752 
Shares redeemed (13,269,686) (20,355,587) (184,575,445) (292,815,292) 
Net increase (decrease) 1,182,000 9,327,497 $15,528,621 $125,680,987 
Class Z     
Shares sold 2,097,263 221,132 $28,729,069 $3,080,674 
Reinvestment of distributions 43,258 1,735 586,572 21,946 
Shares redeemed (73,508) (12,776) (1,028,487) (178,243) 
Net increase (decrease) 2,067,013 210,091 $28,287,154 $2,924,377 
Class Z6     
Shares sold 1,195,885 2,749,987 $16,658,233 $39,767,415 
Reinvestment of distributions 197,072 336,470 2,679,188 4,480,080 
Shares redeemed (335,430) (569,263) (4,694,238) (8,126,381) 
Net increase (decrease) 1,057,527 2,517,194 $14,643,183 $36,121,114 
Advisor Freedom 2035     
Class A     
Shares sold 7,096,770 15,577,255 $95,172,108 $215,880,275 
Reinvestment of distributions 3,717,385 7,931,975 48,660,537 103,250,766 
Shares redeemed (10,769,417) (21,845,142) (143,115,734) (304,538,618) 
Net increase (decrease) 44,738 1,664,088 $716,911 $14,592,423 
Class M     
Shares sold 3,048,084 6,158,292 $40,436,366 $84,742,679 
Reinvestment of distributions 1,344,827 2,758,614 17,415,506 35,538,297 
Shares redeemed (3,258,361) (6,770,016) (43,052,077) (92,881,274) 
Net increase (decrease) 1,134,550 2,146,890 $14,799,795 $27,399,702 
Class C     
Shares sold 268,001 661,692 $3,481,364 $8,898,073 
Reinvestment of distributions 162,693 462,267 2,066,231 5,899,592 
Shares redeemed (424,014) (2,352,914) (5,548,526) (31,185,700) 
Net increase (decrease) 6,680 (1,228,955) $(931) $(16,388,035) 
Class I     
Shares sold 11,399,544 19,561,819 $153,014,356 $274,193,535 
Reinvestment of distributions 3,180,930 6,540,915 41,956,463 85,477,034 
Shares redeemed (10,944,092) (18,631,854) (147,032,674) (262,614,157) 
Net increase (decrease) 3,636,382 7,470,880 $47,938,145 $97,056,412 
Class Z     
Shares sold 1,436,301 206,821 $19,099,408 $2,804,466 
Reinvestment of distributions 37,317 1,049 489,227 12,715 
Shares redeemed (51,966) (845) (703,813) (10,694) 
Net increase (decrease) 1,421,652 207,025 $18,884,822 $2,806,487 
Class Z6     
Shares sold 1,059,117 2,477,161 $14,340,197 $35,081,126 
Reinvestment of distributions 181,702 279,162 2,388,942 3,580,829 
Shares redeemed (418,296) (509,353) (5,659,665) (7,047,594) 
Net increase (decrease) 822,523 2,246,970 $11,069,474 $31,614,361 
Advisor Freedom 2040     
Class A     
Shares sold 5,662,079 13,508,451 $81,022,366 $199,404,291 
Reinvestment of distributions 3,237,036 6,486,862 45,253,784 90,120,681 
Shares redeemed (9,258,538) (17,392,234) (130,982,609) (259,736,681) 
Net increase (decrease) (359,423) 2,603,079 $(4,706,459) $29,788,291 
Class M     
Shares sold 2,191,543 5,365,211 $31,129,603 $79,122,210 
Reinvestment of distributions 1,255,822 2,447,376 17,443,368 33,775,381 
Shares redeemed (3,366,386) (5,123,803) (47,833,435) (76,072,511) 
Net increase (decrease) 80,979 2,688,784 $739,536 $36,825,080 
Class C     
Shares sold 233,969 593,503 $3,242,577 $8,629,433 
Reinvestment of distributions 191,337 563,167 2,598,356 7,669,773 
Shares redeemed (582,727) (2,861,996) (8,135,011) (40,626,069) 
Net increase (decrease) (157,421) (1,705,326) $(2,294,078) $(24,326,863) 
Class I     
Shares sold 9,364,342 16,023,155 $133,727,018 $239,554,969 
Reinvestment of distributions 2,769,666 5,518,800 38,969,204 76,957,491 
Shares redeemed (9,524,942) (16,596,129) (136,427,787) (249,372,401) 
Net increase (decrease) 2,609,066 4,945,826 $36,268,435 $67,140,059 
Class Z     
Shares sold 1,141,939 114,448 $16,076,754 $1,663,715 
Reinvestment of distributions 18,595 2,846 259,958 36,681 
Shares redeemed (106,766) (14,163) (1,531,850) (199,531) 
Net increase (decrease) 1,053,768 103,131 $14,804,862 $1,500,865 
Class Z6     
Shares sold 863,749 2,108,972 $12,455,701 $32,016,553 
Reinvestment of distributions 162,344 228,914 2,276,616 3,132,498 
Shares redeemed (284,512) (277,137) (4,054,080) (4,156,159) 
Net increase (decrease) 741,581 2,060,749 $10,678,237 $30,992,892 
Advisor Freedom 2045     
Class A     
Shares sold 5,983,958 12,635,987 $66,649,570 $146,031,787 
Reinvestment of distributions 2,459,425 4,937,864 26,832,326 53,389,530 
Shares redeemed (8,046,681) (15,619,333) (88,720,227) (181,788,398) 
Net increase (decrease) 396,702 1,954,518 $4,761,669 $17,632,919 
Class M     
Shares sold 2,351,188 4,970,917 $26,013,207 $56,988,809 
Reinvestment of distributions 967,941 1,860,679 10,463,440 19,919,722 
Shares redeemed (2,404,562) (5,181,765) (26,354,766) (59,325,065) 
Net increase (decrease) 914,567 1,649,831 $10,121,881 $17,583,466 
Class C     
Shares sold 244,415 458,481 $2,662,690 $5,224,727 
Reinvestment of distributions 117,678 268,698 1,252,099 2,852,475 
Shares redeemed (260,455) (984,683) (2,837,024) (10,921,440) 
Net increase (decrease) 101,638 (257,504) $1,077,765 $(2,844,238) 
Class I     
Shares sold 10,993,180 16,922,941 $122,381,339 $197,386,314 
Reinvestment of distributions 2,497,154 4,868,513 27,418,746 52,766,313 
Shares redeemed (8,746,972) (15,394,337) (97,795,616) (179,991,531) 
Net increase (decrease) 4,743,362 6,397,117 $52,004,469 $70,161,096 
Class Z     
Shares sold 1,091,803 129,714 $12,021,351 $1,476,927 
Reinvestment of distributions 22,140 2,238 241,542 22,487 
Shares redeemed (69,377) (10,747) (778,097) (113,514) 
Net increase (decrease) 1,044,566 121,205 $11,484,796 $1,385,900 
Class Z6     
Shares sold 679,594 2,107,413 $7,692,039 $24,953,608 
Reinvestment of distributions 156,201 224,047 1,708,021 2,383,471 
Shares redeemed (205,064) (308,731) (2,302,402) (3,617,281) 
Net increase (decrease) 630,731 2,022,729 $7,097,658 $23,719,798 
Advisor Freedom 2050     
Class A     
Shares sold 5,421,574 11,521,746 $60,394,843 $132,970,720 
Reinvestment of distributions 1,883,168 3,597,274 20,507,696 38,813,519 
Shares redeemed (6,481,051) (12,570,491) (71,455,408) (146,649,559) 
Net increase (decrease) 823,691 2,548,529 $9,447,131 $25,134,680 
Class M     
Shares sold 2,110,844 4,564,698 $23,338,156 $52,383,074 
Reinvestment of distributions 775,466 1,479,768 8,390,549 15,848,909 
Shares redeemed (2,463,262) (4,414,543) (27,149,658) (50,603,396) 
Net increase (decrease) 423,048 1,629,923 $4,579,047 $17,628,587 
Class C     
Shares sold 224,168 475,264 $2,444,431 $5,411,651 
Reinvestment of distributions 115,744 281,386 1,236,147 2,991,669 
Shares redeemed (370,653) (1,136,298) (4,073,597) (12,643,583) 
Net increase (decrease) (30,741) (379,648) $(393,019) $(4,240,263) 
Class I     
Shares sold 9,313,979 15,773,850 $103,668,909 $183,903,268 
Reinvestment of distributions 2,128,752 4,125,443 23,352,408 44,635,052 
Shares redeemed (7,466,486) (15,152,813) (83,210,012) (176,066,479) 
Net increase (decrease) 3,976,245 4,746,480 $43,811,305 $52,471,841 
Class Z     
Shares sold 758,722 55,866 $8,374,617 $642,437 
Reinvestment of distributions 9,890 1,864 107,897 18,714 
Shares redeemed (56,096) (378) (632,013) (4,188) 
Net increase (decrease) 712,516 57,352 $7,850,501 $656,963 
Class Z6     
Shares sold 594,291 1,578,089 $6,741,838 $18,585,296 
Reinvestment of distributions 111,760 154,167 1,219,784 1,636,405 
Shares redeemed (206,336) (249,597) (2,299,101) (2,887,741) 
Net increase (decrease) 499,715 1,482,659 $5,662,521 $17,333,960 
Advisor Freedom 2055     
Class A     
Shares sold 3,451,045 7,405,861 $42,774,213 $94,792,637 
Reinvestment of distributions 833,131 1,417,723 10,114,206 16,974,227 
Shares redeemed (3,283,951) (7,631,599) (40,333,250) (98,796,720) 
Net increase (decrease) 1,000,225 1,191,985 $12,555,169 $12,970,144 
Class M     
Shares sold 1,250,409 2,614,120 $15,405,357 $33,190,301 
Reinvestment of distributions 328,374 538,926 3,963,470 6,411,358 
Shares redeemed (1,169,388) (1,939,650) (14,378,537) (24,671,431) 
Net increase (decrease) 409,395 1,213,396 $4,990,290 $14,930,228 
Class C     
Shares sold 106,378 271,244 $1,302,155 $3,412,171 
Reinvestment of distributions 43,460 76,657 521,083 910,546 
Shares redeemed (123,993) (270,006) (1,521,378) (3,363,512) 
Net increase (decrease) 25,845 77,895 $301,860 $959,205 
Class I     
Shares sold 6,484,029 12,655,914 $80,411,516 $163,216,802 
Reinvestment of distributions 1,162,333 1,969,656 14,168,837 23,537,468 
Shares redeemed (4,197,256) (8,801,212) (52,014,022) (111,998,695) 
Net increase (decrease) 3,449,106 5,824,358 $42,566,331 $74,755,575 
Class Z     
Shares sold 289,702 35,699 $3,555,277 $454,001 
Reinvestment of distributions 5,238 1,022 63,479 11,382 
Shares redeemed (26,635) (2,703) (331,815) (33,886) 
Net increase (decrease) 268,305 34,018 $3,286,941 $431,497 
Class Z6     
Shares sold 383,984 861,230 $4,792,308 $11,149,348 
Reinvestment of distributions 56,939 67,158 691,177 786,682 
Shares redeemed (102,371) (133,007) (1,270,695) (1,709,322) 
Net increase (decrease) 338,552 795,381 $4,212,790 $10,226,708 
Advisor Freedom 2060     
Class A     
Shares sold 1,947,488 3,282,040 $21,755,828 $37,368,210 
Reinvestment of distributions 228,905 299,518 2,508,804 3,182,787 
Shares redeemed (1,088,513) (1,847,915) (12,068,489) (21,083,392) 
Net increase (decrease) 1,087,880 1,733,643 $12,196,143 $19,467,605 
Class M     
Shares sold 614,839 1,171,715 $6,864,735 $13,350,367 
Reinvestment of distributions 76,844 102,745 841,438 1,092,888 
Shares redeemed (331,616) (651,352) (3,705,078) (7,395,540) 
Net increase (decrease) 360,067 623,108 $4,001,095 $7,047,715 
Class C     
Shares sold 73,077 200,839 $815,262 $2,286,734 
Reinvestment of distributions 14,831 20,307 162,247 216,263 
Shares redeemed (48,411) (110,667) (544,608) (1,249,222) 
Net increase (decrease) 39,497 110,479 $432,901 $1,253,775 
Class I     
Shares sold 3,055,093 4,677,855 $34,179,949 $53,503,953 
Reinvestment of distributions 267,515 369,553 2,945,339 3,936,080 
Shares redeemed (1,331,191) (2,677,596) (14,858,036) (30,477,647) 
Net increase (decrease) 1,991,417 2,369,812 $22,267,252 $26,962,386 
Class Z     
Shares sold 71,096 24,691 $794,931 $283,518 
Reinvestment of distributions 1,600 665 17,557 6,659 
Shares redeemed (12,080) (297) (135,953) (3,251) 
Net increase (decrease) 60,616 25,059 $676,535 $286,926 
Class Z6     
Shares sold 172,702 222,835 $1,937,151 $2,572,083 
Reinvestment of distributions 11,546 13,174 126,801 139,481 
Shares redeemed (34,401) (83,912) (382,575) (973,912) 
Net increase (decrease) 149,847 152,097 $1,681,377 $1,737,652 
Advisor Freedom 2065(b)     
Class A     
Shares sold 19,254 – $191,820 $– 
Shares redeemed (10) – (105) – 
Net increase (decrease) 19,244 – $191,715 $– 
Class M     
Shares sold 16,756 – $167,549 $– 
Shares redeemed (12) – (120) – 
Net increase (decrease) 16,744 – $167,429 $– 
Class C     
Shares sold 16,730 – $167,286 $– 
Shares redeemed (1) – (15) – 
Net increase (decrease) 16,729 – $167,271 $– 
Class I     
Shares sold 18,556 – $185,182 $– 
Shares redeemed (12) – (117) – 
Net increase (decrease) 18,544 – $185,065 $– 
Class Z     
Shares sold 16,666 – $166,660 $– 
Net increase (decrease) 16,666 – $166,660 $– 
Class Z6     
Shares sold 16,666 – $166,660 $– 
Net increase (decrease) 16,666 – $166,660 $– 

 (a) Share transactions for Class Z are for the period October 2, 2018 (commencement of sale of shares) to March 31, 2019.

 (b) For the period June 28, 2019 (commencement of operations) to September 30, 2019.

10. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Advisor Freedom 2025 Fund Fidelity Advisor Freedom 2030 Fund Fidelity Advisor Freedom 2035 Fund Fidelity Advisor Freedom 2040 Fund Fidelity Advisor Freedom 2045 Fund 
Fidelity Advisor Series Equity Growth Fund 13% 16% 16% 16% 10% 
Fidelity Advisor Series Growth Opportunities Fund 13% 16% 16% 16% 10% 
Fidelity Advisor Series Small Cap Fund 12% 15% 16% 15% – 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Advisor Series Equity Growth Fund  98% 
Fidelity Advisor Series Growth Opportunities Fund  100% 
Fidelity Advisor Series Small Cap Fund  95% 

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 Advisor Freedom 2065 Fund  96% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The 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, 2019 to September 30, 2019) for each fund, with the exception of Fidelity Advisor Freedom 2065 and for the period (June 28, 2019 to September 30, 2019) for Fidelity Advisor Freedom 2065. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2019 to September 30, 2019).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2019 
Expenses Paid
During Period 
Advisor Freedom Income     
Class A .72%    
Actual  $1,000.00 $1,037.80 $3.67-B 
Hypothetical-C  $1,000.00 $1,021.40 $3.64-D 
Class M .96%    
Actual  $1,000.00 $1,037.60 $4.89-B 
Hypothetical-C  $1,000.00 $1,020.20 $4.85-D 
Class C 1.46%    
Actual  $1,000.00 $1,033.60 $7.42-B 
Hypothetical-C  $1,000.00 $1,017.70 $7.36-D 
Class I .47%    
Actual  $1,000.00 $1,039.90 $2.40-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class Z .42%    
Actual  $1,000.00 $1,039.40 $2.14-B 
Hypothetical-C  $1,000.00 $1,022.90 $2.12-D 
Class Z6 .36%    
Actual  $1,000.00 $1,039.50 $1.84-B 
Hypothetical-C  $1,000.00 $1,023.20 $1.82-D 
Advisor Freedom 2005     
Class A .72%    
Actual  $1,000.00 $1,036.70 $3.67-B 
Hypothetical-C  $1,000.00 $1,021.40 $3.64-D 
Class M .97%    
Actual  $1,000.00 $1,035.10 $4.94-B 
Hypothetical-C  $1,000.00 $1,020.15 $4.90-D 
Class C 1.47%    
Actual  $1,000.00 $1,033.80 $7.47-B 
Hypothetical-C  $1,000.00 $1,017.65 $7.41-D 
Class I .47%    
Actual  $1,000.00 $1,037.80 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class Z .42%    
Actual  $1,000.00 $1,038.30 $2.14-B 
Hypothetical-C  $1,000.00 $1,022.90 $2.12-D 
Class Z6 .37%    
Actual  $1,000.00 $1,038.30 $1.89-B 
Hypothetical-C  $1,000.00 $1,023.15 $1.87-D 
Advisor Freedom 2010     
Class A .77%    
Actual  $1,000.00 $1,036.80 $3.92-B 
Hypothetical-C  $1,000.00 $1,021.15 $3.89-D 
Class M 1.02%    
Actual  $1,000.00 $1,035.40 $5.19-B 
Hypothetical-C  $1,000.00 $1,019.90 $5.15-D 
Class C 1.51%    
Actual  $1,000.00 $1,033.90 $7.68-B 
Hypothetical-C  $1,000.00 $1,017.45 $7.62-D 
Class I .52%    
Actual  $1,000.00 $1,039.00 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class Z .46%    
Actual  $1,000.00 $1,039.50 $2.35-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class Z6 .39%    
Actual  $1,000.00 $1,038.60 $1.99-B 
Hypothetical-C  $1,000.00 $1,023.05 $1.97-D 
Advisor Freedom 2015     
Class A .81%    
Actual  $1,000.00 $1,038.10 $4.13-B 
Hypothetical-C  $1,000.00 $1,020.95 $4.09-D 
Class M 1.06%    
Actual  $1,000.00 $1,036.60 $5.40-B 
Hypothetical-C  $1,000.00 $1,019.70 $5.35-D 
Class C 1.55%    
Actual  $1,000.00 $1,033.20 $7.88-B 
Hypothetical-C  $1,000.00 $1,017.25 $7.82-D 
Class I .56%    
Actual  $1,000.00 $1,039.20 $2.85-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class Z .49%    
Actual  $1,000.00 $1,038.80 $2.50-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Class Z6 .41%    
Actual  $1,000.00 $1,038.90 $2.09-B 
Hypothetical-C  $1,000.00 $1,022.95 $2.07-D 
Advisor Freedom 2020     
Class A .85%    
Actual  $1,000.00 $1,037.30 $4.33-B 
Hypothetical-C  $1,000.00 $1,020.75 $4.29-D 
Class M 1.10%    
Actual  $1,000.00 $1,035.90 $5.60-B 
Hypothetical-C  $1,000.00 $1,019.50 $5.55-D 
Class C 1.60%    
Actual  $1,000.00 $1,033.60 $8.13-B 
Hypothetical-C  $1,000.00 $1,017.00 $8.07-D 
Class I .60%    
Actual  $1,000.00 $1,039.20 $3.06-B 
Hypothetical-C  $1,000.00 $1,022.00 $3.03-D 
Class Z .52%    
Actual  $1,000.00 $1,039.30 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class Z6 .43%    
Actual  $1,000.00 $1,039.10 $2.19-B 
Hypothetical-C  $1,000.00 $1,022.85 $2.17-D 
Advisor Freedom 2025     
Class A .89%    
Actual  $1,000.00 $1,037.80 $4.53-B 
Hypothetical-C  $1,000.00 $1,020.55 $4.50-D 
Class M 1.14%    
Actual  $1,000.00 $1,037.00 $5.81-B 
Hypothetical-C  $1,000.00 $1,019.30 $5.76-D 
Class C 1.64%    
Actual  $1,000.00 $1,034.10 $8.34-B 
Hypothetical-C  $1,000.00 $1,016.80 $8.27-D 
Class I .64%    
Actual  $1,000.00 $1,039.50 $3.26-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z .56%    
Actual  $1,000.00 $1,039.70 $2.86-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class Z6 .45%    
Actual  $1,000.00 $1,039.60 $2.29-B 
Hypothetical-C  $1,000.00 $1,022.75 $2.28-D 
Advisor Freedom 2030     
Class A .94%    
Actual  $1,000.00 $1,037.70 $4.79-B 
Hypothetical-C  $1,000.00 $1,020.30 $4.75-D 
Class M 1.19%    
Actual  $1,000.00 $1,036.70 $6.06-B 
Hypothetical-C  $1,000.00 $1,019.05 $6.01-D 
Class C 1.68%    
Actual  $1,000.00 $1,034.20 $8.54-B 
Hypothetical-C  $1,000.00 $1,016.60 $8.47-D 
Class I .69%    
Actual  $1,000.00 $1,039.60 $3.52-B 
Hypothetical-C  $1,000.00 $1,021.55 $3.49-D 
Class Z .60%    
Actual  $1,000.00 $1,039.90 $3.06-B 
Hypothetical-C  $1,000.00 $1,022.00 $3.03-D 
Class Z6 .47%    
Actual  $1,000.00 $1,040.40 $2.40-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Advisor Freedom 2035     
Class A .98%    
Actual  $1,000.00 $1,035.70 $4.99-B 
Hypothetical-C  $1,000.00 $1,020.10 $4.95-D 
Class M 1.23%    
Actual  $1,000.00 $1,034.10 $6.25-B 
Hypothetical-C  $1,000.00 $1,018.85 $6.21-D 
Class C 1.73%    
Actual  $1,000.00 $1,031.60 $8.79-B 
Hypothetical-C  $1,000.00 $1,016.35 $8.72-D 
Class I .73%    
Actual  $1,000.00 $1,036.80 $3.72-B 
Hypothetical-C  $1,000.00 $1,021.35 $3.69-D 
Class Z .63%    
Actual  $1,000.00 $1,037.20 $3.21-B 
Hypothetical-C  $1,000.00 $1,021.85 $3.18-D 
Class Z6 .49%    
Actual  $1,000.00 $1,036.90 $2.50-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2040     
Class A 1.00%    
Actual  $1,000.00 $1,033.10 $5.08-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $1,031.40 $6.35-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.74%    
Actual  $1,000.00 $1,028.40 $8.82-B 
Hypothetical-C  $1,000.00 $1,016.30 $8.77-D 
Class I .75%    
Actual  $1,000.00 $1,034.20 $3.81-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $1,033.80 $3.25-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $1,034.40 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2045     
Class A 1.00%    
Actual  $1,000.00 $1,032.60 $5.08-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $1,031.50 $6.35-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.75%    
Actual  $1,000.00 $1,028.20 $8.87-B 
Hypothetical-C  $1,000.00 $1,016.25 $8.82-D 
Class I .75%    
Actual  $1,000.00 $1,033.00 $3.81-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $1,034.70 $3.26-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $1,033.80 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2050     
Class A 1.00%    
Actual  $1,000.00 $1,032.60 $5.08-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $1,031.00 $6.35-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.74%    
Actual  $1,000.00 $1,028.60 $8.82-B 
Hypothetical-C  $1,000.00 $1,016.30 $8.77-D 
Class I .75%    
Actual  $1,000.00 $1,033.80 $3.81-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $1,034.10 $3.25-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $1,033.60 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2055     
Class A 1.00%    
Actual  $1,000.00 $1,032.50 $5.08-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $1,031.30 $6.35-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.75%    
Actual  $1,000.00 $1,028.70 $8.88-B 
Hypothetical-C  $1,000.00 $1,016.25 $8.82-D 
Class I .75%    
Actual  $1,000.00 $1,033.80 $3.81-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $1,034.60 $3.26-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $1,033.70 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2060     
Class A 1.00%    
Actual  $1,000.00 $1,032.50 $5.08-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $1,031.90 $6.35-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.75%    
Actual  $1,000.00 $1,028.80 $8.88-B 
Hypothetical-C  $1,000.00 $1,016.25 $8.82-D 
Class I .75%    
Actual  $1,000.00 $1,033.80 $3.81-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $1,034.50 $3.26-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $1,034.40 $2.49-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Advisor Freedom 2065     
Class A 1.00%    
Actual  $1,000.00 $995.00 $2.59-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class M 1.25%    
Actual  $1,000.00 $995.00 $3.24-B 
Hypothetical-C  $1,000.00 $1,018.75 $6.31-D 
Class C 1.74%    
Actual  $1,000.00 $993.00 $4.50-B 
Hypothetical-C  $1,000.00 $1,016.30 $8.77-D 
Class I .75%    
Actual  $1,000.00 $996.00 $1.94-B 
Hypothetical-C  $1,000.00 $1,021.25 $3.79-D 
Class Z .64%    
Actual  $1,000.00 $996.00 $1.66-B 
Hypothetical-C  $1,000.00 $1,021.80 $3.23-D 
Class Z6 .49%    
Actual  $1,000.00 $996.00 $1.27-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period) for each fund, with the exception of Fidelity Advisor Freedom 2065 and multiplied by 95/366 (to reflect the period June 28, 2019 to September 30, 2019) for Fidelity Advisor Freedom 2065. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), 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 2019 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, 2017, 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. Following the implementation of these changes, the Board and the board of other funds that invest their assets in Series Funds and the boards of the Series Funds 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.

Approval of Amended and Restated Advisory Contracts. At its September 2019 meeting, the Board also unanimously determined to approve amended and restated management contracts (Amended and Restated Contracts) in connection with an upcoming consolidation of certain of Fidelity's advisory businesses. The Board considered that, on or about January 1, 2020, FMRC expects to merge with and into FMR and, after the merger, FMR expects to redomicile as a Delaware limited liability company. The Board noted that the Amended and Restated Contracts will reflect the replacement of FMRC with FMR and will take effect upon the completion of the merger. The Board noted that references to FMR in the Amended and Restated Contracts would be updated to reflect FMR's new form of organization and domicile. The Board also approved amendments that clarify 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. The Board also noted Fidelity's assurance that neither the planned consolidation nor the Amended and Restated Contracts will change the 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.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the 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.

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 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 and index funds; (vii) lowering expense caps for certain existing funds and classes, and converting certain voluntary expense caps to contractual caps, to reduce expenses borne by shareholders; (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) and a peer group of funds with similar objectives (peer group), if any. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and discussed with the investment adviser the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses, including acquired fund fees and expenses, if any) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one- and three-year periods for Fidelity Advisor Freedom 2060 Fund).

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.

With respect to Fidelity Advisor Freedom 2065 Fund, the Board considered that it received and reviewed information regarding the fund's management fee rate and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the approval of the management contract in January 2019. The Board noted that, because the fund did not commence operations until June 2019, no new competitive management fee and expense information was considered by the Board.

Management Fee.  The Board considered two proprietary management fee comparisons for the 12-month periods shown in basis points (BP) in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s and the number of funds in the Total Mapped Group are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and was considered by the Board. The Board considered that the charts below reflect the funds' fee structure effective June 1, 2017, as if it was in effect for the entire year.

Fidelity Advisor Freedom 2005 Fund


Fidelity Advisor Freedom 2010 Fund


Fidelity Advisor Freedom 2015 Fund


Fidelity Advisor Freedom 2020 Fund


Fidelity Advisor Freedom 2025 Fund


Fidelity Advisor Freedom 2030 Fund


Fidelity Advisor Freedom 2035 Fund


Fidelity Advisor Freedom 2040 Fund


Fidelity Advisor Freedom 2045 Fund


Fidelity Advisor Freedom 2050 Fund


Fidelity Advisor Freedom 2055 Fund


Fidelity Advisor Freedom 2060 Fund


Fidelity Advisor Freedom Income Fund


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 2018. 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 2018. The Board noted that the majority of peer funds do not have top-level management fees, similar to the funds' fee structure prior to June 1, 2017.

The Board 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 the funds' total expense ratio comparisons to competitors generally were more favorable.

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 2018. 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 2018 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; (ii) ranked equal to the competitive median for 2018 for Fidelity Advisor Freedom 2025 Fund and Fidelity Advisor Freedom 2030 Fund; and (iii) ranked above the competitive median for 2018 for Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, and Fidelity Advisor Freedom 2060. 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, the total expense ratio of Class A of each such fund is below 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 2018. 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 compared with funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of certain funds is below median and the total expense ratio of Class M of the remaining funds is above median.

The Board noted that the total expense ratio of Class C (including expenses of the Series Funds): (i) ranked equal to the competitive median for 2018 for Fidelity Advisor Freedom 2005 Fund and Fidelity Advisor Freedom Income Fund; and (ii) ranked above the competitive median for 2018 for all other funds. 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 compared with competitor funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of certain funds is below median and the total expense ratio of Class C of the remaining funds is above 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 2018 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 2018 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, and Fidelity Advisor Freedom 2060 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 is limited to no-load products and, for certain funds, classes with similar vintages. 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, the total expense ratio of Class I of each such fund is below 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 2018 for Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, and Fidelity Advisor Freedom Income Fund; (ii) ranked equal to the competitive median for 2018 for Fidelity Advisor Freedom 2035 Fund; and (iii) ranked above the competitive median for 2018 for Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund, and Fidelity Advisor Freedom 2060 Fund. The 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 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 2018.

The Board considered supplemental information that compared the funds to competitor funds with less than 75% passive holdings and noted that, with these adjustments, the majority of classes and 91% of assets had total expenses that were below the competitive median.

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 and by a vote of a majority of the outstanding voting securities of Class Z6 of the applicable 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 (except Fidelity Advisor Freedom 2065 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.

PricewaterhouseCoopers LLP (PwC), auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential 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 noted that changes to fall-out benefits year-over-year reflect business developments at Fidelity's various businesses. The Board considered that a joint ad hoc committee created by it and the boards of other Fidelity funds had recently been established, and meets periodically, to evaluate potential fall-out benefits. The Board noted that the committee was expected to, among other things: (i) discuss the legal framework surrounding potential fall-out benefits; (ii) review the Board's responsibilities and approach to potential fall-out benefits; and (iii) review practices employed by competitor funds regarding the review of potential fall-out benefits. The Board noted that it would consider the committee's findings in connection with future consideration of contract renewals.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund 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 practices of certain sub-advisers regarding their receipt of research from broker-dealers that execute the funds' portfolio transactions; (vi) the terms of Fidelity's voluntary expense limitation agreements; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the impact on fund profitability of recent changes in total net assets for Fidelity's money market funds, anticipated changes to the competitive landscape for money market funds, and the level of investor comfort with gates, fees, and floating NAVs; (xi) the funds' share class structures and distribution channels; and (xii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable, and that each fund's Advisory Contract should be renewed and each fund's Amended and Restated Contract should be approved.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom 2065 Fund

On January 17, 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees’ counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity’s staffing as it relates to the fund, including the backgrounds of investment personnel of FMRC, and also considered the fund’s investment objective, strategies, and related investment philosophy. 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 the fund.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity’s investment staff, including its size, education, experience, and resources, as well as Fidelity’s approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity’s global investment organization. The Board also noted that Fidelity’s analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity’s investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity’s risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund’s Advisory Contract. The Board considered FMRC’s strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contract should benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered the fund’s proposed class-level management fee rate, which will cover most expenses of the top-level fund and underlying funds. In reviewing the Advisory Contract, the Board also considered the projected total expense ratio of each class of the fund. The Board noted that the fund’s proposed management fee rate ranks above the median of its competitor funds because the majority of such competitor funds do not have top-level management fees. The Board also considered that the projected total expense ratio of each of Class Z and Class Z6 (including expenses of the underlying Series funds) of the fund is below the median those funds and classes used by the Board for management fee comparisons that have a similar sales load structure, and that the projected total expense ratio of each of Class A, Class M, Class C, and Class I ranked above the competitive median. The Board noted that a number of competitor target date funds are classified as active, even though their underlying holdings are primarily passive. The Board considered that, when the competitive group of funds and classes is adjusted to remove funds that invest primarily in passive products, the total expense ratio of Class A and Class I of the fund ranks below the competitive median. The Board also considered that the total expense ratio of each of Class M and Class C was above the competitive median primarily because of higher 12b-1 fees as compared to most competitor funds.

The Board considered that the proposed contractual arrangements for the fund oblige FMR to pay all “class-level” expenses of Class Z6 of the 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 the fund except by a vote of a majority of the Board of Trustees of the fund.

Based on its review, the Board concluded that the management fee and the projected total expense ratio of each class of the fund’s management fee and projected total expense ratio 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 fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund’s Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the Series Funds in which the fund invests and servicing the fund’s shareholders.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It is noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors that pay top-level management fees, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.

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 the fund’s Advisory Contract should be approved.





Fidelity Investments

AFF-SANN-1119
1.792138.116




Fidelity Flex℠ Freedom Blend Funds (formerly Fidelity Flex℠ Freedom Funds) - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065



Semi-Annual Report

September 30, 2019

Fidelity Investments



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

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. © 2019 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Flex℠ Freedom 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, 2019

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 14.0 
Fidelity Series Inflation-Protected Bond Index Fund 11.9 
Fidelity Series Investment Grade Bond Fund 11.6 
Fidelity Series Government Bond Index Fund 11.1 
Fidelity Series Corporate Bond Fund 8.0 
Fidelity Series Investment Grade Securitized Fund 7.9 
Fidelity Series Government Money Market Fund 2.07% 4.7 
Fidelity Series Short-Term Credit Fund 4.6 
Fidelity Series Emerging Markets Opportunities Fund 4.1 
Fidelity Series Commodity Strategy Fund 3.4 
 81.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 10.8% 
   International Equity Funds 10.6% 
   Bond Funds 55.3% 
   Short-Term Funds 23.3% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 10.8%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 123 $1,646 
Fidelity Series Commodity Strategy Fund (a) 840 3,857 
Fidelity Series Large Cap Growth Index Fund (a) 124 1,323 
Fidelity Series Large Cap Stock Fund (a) 90 1,305 
Fidelity Series Large Cap Value Index Fund (a) 188 2,450 
Fidelity Series Small Cap Opportunities Fund (a) 50 648 
Fidelity Series Value Discovery Fund (a) 60 776 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $12,360)  12,005 
International Equity Funds - 10.6%   
Fidelity Series Canada Fund (a) 28 310 
Fidelity Series Emerging Markets Fund (a) 55 503 
Fidelity Series Emerging Markets Opportunities Fund (a) 242 4,499 
Fidelity Series International Growth Fund (a) 125 2,049 
Fidelity Series International Index Fund (a) 67 674 
Fidelity Series International Small Cap Fund (a) 38 609 
Fidelity Series International Value Fund (a) 216 2,055 
Fidelity Series Overseas Fund (a) 106 1,049 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $11,707)  11,748 
Bond Funds - 55.3%   
Fidelity Series Corporate Bond Fund (a) 826 8,870 
Fidelity Series Emerging Markets Debt Fund (a) 81 765 
Fidelity Series Floating Rate High Income Fund (a) 18 164 
Fidelity Series Government Bond Index Fund (a) 1,153 12,278 
Fidelity Series High Income Fund (a) 88 835 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,313 13,232 
Fidelity Series International Credit Fund (a) 58 
Fidelity Series Investment Grade Bond Fund (a) 1,112 12,903 
Fidelity Series Investment Grade Securitized Fund (a) 845 8,796 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 287 2,871 
Fidelity Series Real Estate Income Fund (a) 48 535 
TOTAL BOND FUNDS   
(Cost $60,038)  61,307 
Short-Term Funds - 23.3%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 5,200 5,200 
Fidelity Series Short-Term Credit Fund (a) 515 5,186 
Fidelity Series Treasury Bill Index Fund (a) 1,552 15,518 
TOTAL SHORT-TERM FUNDS   
(Cost $25,853)  25,904 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $109,958)  110,964 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $110,963 

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 All-Sector Equity Fund $354 $49 $426 $-- $(46) $69 $-- 
Fidelity Series Blue Chip Growth Fund 649 1,275 197 58 (89) 1,646 
Fidelity Series Canada Fund 267 38 17 -- 21 310 
Fidelity Series Commodity Strategy Fund 3,191 818 10 34 (1) (141) 3,857 
Fidelity Series Corporate Bond Fund -- 8,847 -- -- 23 8,870 
Fidelity Series Emerging Markets Debt Fund 750 30 -- 23 -- (15) 765 
Fidelity Series Emerging Markets Fund 379 152 -- -- (23) 503 
Fidelity Series Emerging Markets Opportunities Fund 3,431 1,138 95 -- 24 4,499 
Fidelity Series Floating Rate High Income Fund 161 -- -- 164 
Fidelity Series Government Bond Index Fund -- 12,232 -- -- 46 12,278 
Fidelity Series Government Money Market Fund 2.07% 19,073 1,730 15,603 227 -- -- 5,200 
Fidelity Series Growth Company Fund 1,298 29 1,379 -- 123 (71) -- 
Fidelity Series High Income Fund 805 28 27 -- 835 
Fidelity Series Inflation-Protected Bond Index Fund 14,228 244 1,688 29 39 409 13,232 
Fidelity Series International Credit Fund 54 -- -- 58 
Fidelity Series International Growth Fund 2,489 200 849 -- 52 157 2,049 
Fidelity Series International Index Fund -- 680 -- -- -- (6) 674 
Fidelity Series International Small Cap Fund 597 10 22 -- -- 24 609 
Fidelity Series International Value Fund 2,473 331 821 -- (54) 126 2,055 
Fidelity Series Intrinsic Opportunities Fund 1,595 178 1,717 58 (96) 40 -- 
Fidelity Series Investment Grade Bond Fund 39,905 1,591 30,045 619 739 713 12,903 
Fidelity Series Investment Grade Securitized Fund -- 8,788 -- -- 8,796 
Fidelity Series Large Cap Growth Index Fund -- 1,383 50 -- -- (10) 1,323 
Fidelity Series Large Cap Stock Fund 1,380 184 248 60 (1) (10) 1,305 
Fidelity Series Large Cap Value Index Fund 386 2,257 204 -- 2,450 
Fidelity Series Long-Term Treasury Bond Index Fund 4,854 192 2,687 60 238 274 2,871 
Fidelity Series Opportunistic Insights Fund 698 17 750 -- 45 (10) -- 
Fidelity Series Overseas Fund -- 1,044 -- -- -- 1,049 
Fidelity Series Real Estate Income Fund 501 20 -- 19 -- 14 535 
Fidelity Series Short-Term Credit Fund 4,769 387 24 68 -- 54 5,186 
Fidelity Series Small Cap Discovery Fund 187 14 205 -- -- 
Fidelity Series Small Cap Opportunities Fund 573 181 83 32 (3) (20) 648 
Fidelity Series Stock Selector Large Cap Value Fund 1,051 95 1,209 -- (3) 66 -- 
Fidelity Series Treasury Bill Index Fund -- 15,518 -- -- -- 15,518 
Fidelity Series Value Discovery Fund 743 102 99 -- (1) 31 776 
 $106,841 $59,787 $58,441 $1,348 $1,043 $1,734 $110,964 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $109,958) $110,964  
Total Investment in Securities (cost $109,958)  $110,964 
Receivable for investments sold  897 
Total assets  111,861 
Liabilities   
Payable to custodian bank $29  
Payable for investments purchased 869  
Total liabilities  898 
Net Assets  $110,963 
Net Assets consist of:   
Paid in capital  $108,538 
Total accumulated earnings (loss)  2,425 
Net Assets, for 10,859 shares outstanding  $110,963 
Net Asset Value, offering price and redemption price per share ($110,963 ÷ 10,859 shares)  $10.22 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,188 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  1,187 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,043  
Capital gain distributions from underlying funds:   
Affiliated issuers 160  
Total net realized gain (loss)  1,203 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,734  
Total change in net unrealized appreciation (depreciation)  1,734 
Net gain (loss)  2,937 
Net increase (decrease) in net assets resulting from operations  $4,124 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,187 $2,605 
Net realized gain (loss) 1,203 1,606 
Change in net unrealized appreciation (depreciation) 1,734 (563) 
Net increase (decrease) in net assets resulting from operations 4,124 3,648 
Distributions to shareholders (1,815) (4,468) 
Share transactions   
Reinvestment of distributions 1,815 4,468 
Net increase (decrease) in net assets resulting from share transactions 1,815 4,468 
Total increase (decrease) in net assets 4,124 3,648 
Net Assets   
Beginning of period 106,839 103,191 
End of period $110,963 $106,839 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 181 456 
Net increase (decrease) 181 456 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.01 $10.09 $10.00 
Income from Investment Operations    
Net investment income (loss)B .11 .25 .18 
Net realized and unrealized gain (loss) .27 .10 .13 
Total from investment operations .38 .35 .31 
Distributions from net investment income (.10) (.25) (.16) 
Distributions from net realized gain (.07) (.18) (.06) 
Total distributions (.17) (.43) (.22) 
Net asset value, end of period $10.22 $10.01 $10.09 
Total ReturnC 3.83% 3.63% 3.14% 
Ratios to Average Net AssetsD,E    
Expenses before reductions - %F,G - %G - %F 
Expenses net of fee waivers, if any - %F,G - %G - %F 
Expenses net of all reductions - %F,G - %G - %F 
Net investment income (loss) 2.18%F 2.51% 2.21%F 
Supplemental Data    
Net assets, end of period (000 omitted) $111 $107 $103 
Portfolio turnover rateE 107%F 23% 10%F 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of the Underlying Funds.

 F Annualized

 G 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, 2019

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 12.0 
Fidelity Series Investment Grade Bond Fund 10.9 
Fidelity Series Inflation-Protected Bond Index Fund 10.7 
Fidelity Series Government Bond Index Fund 10.4 
Fidelity Series Corporate Bond Fund 7.5 
Fidelity Series Investment Grade Securitized Fund 7.4 
Fidelity Series Emerging Markets Opportunities Fund 4.7 
Fidelity Series Government Money Market Fund 2.07% 4.0 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Large Cap Value Index Fund 3.6 
 75.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.3% 
   International Equity Funds 13.1% 
   Bond Funds 51.6% 
   Short-Term Funds 20.0% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 15.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 203 $2,708 
Fidelity Series Commodity Strategy Fund (a) 850 3,900 
Fidelity Series Large Cap Growth Index Fund (a) 197 2,111 
Fidelity Series Large Cap Stock Fund (a) 146 2,115 
Fidelity Series Large Cap Value Index Fund (a) 304 3,972 
Fidelity Series Small Cap Opportunities Fund (a) 82 1,051 
Fidelity Series Value Discovery Fund (a) 97 1,258 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $17,530)  17,115 
International Equity Funds - 13.1%   
Fidelity Series Canada Fund (a) 37 409 
Fidelity Series Emerging Markets Fund (a) 63 581 
Fidelity Series Emerging Markets Opportunities Fund (a) 280 5,203 
Fidelity Series International Growth Fund (a) 165 2,706 
Fidelity Series International Index Fund (a) 88 890 
Fidelity Series International Small Cap Fund (a) 50 803 
Fidelity Series International Value Fund (a) 286 2,714 
Fidelity Series Overseas Fund (a) 140 1,384 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $14,671)  14,690 
Bond Funds - 51.6%   
Fidelity Series Corporate Bond Fund (a) 781 8,385 
Fidelity Series Emerging Markets Debt Fund (a) 82 773 
Fidelity Series Floating Rate High Income Fund (a) 18 167 
Fidelity Series Government Bond Index Fund (a) 1,090 11,606 
Fidelity Series High Income Fund (a) 89 844 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,188 11,971 
Fidelity Series International Credit Fund (a) 59 
Fidelity Series Investment Grade Bond Fund (a) 1,051 12,197 
Fidelity Series Investment Grade Securitized Fund (a) 799 8,315 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 292 2,919 
Fidelity Series Real Estate Income Fund (a) 48 542 
TOTAL BOND FUNDS   
(Cost $56,566)  57,778 
Short-Term Funds - 20.0%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 4,509 4,509 
Fidelity Series Short-Term Credit Fund (a) 446 4,498 
Fidelity Series Treasury Bill Index Fund (a) 1,346 13,454 
TOTAL SHORT-TERM FUNDS   
(Cost $22,422)  22,461 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $111,189)  112,044 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,044 

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 All-Sector Equity Fund $599 $57 $694 $-- $(83) $121 $-- 
Fidelity Series Blue Chip Growth Fund 1,076 2,038 270 97 14 (150) 2,708 
Fidelity Series Canada Fund 357 37 12 -- -- 27 409 
Fidelity Series Commodity Strategy Fund 3,221 823 -- 34 -- (144) 3,900 
Fidelity Series Corporate Bond Fund -- 8,362 -- -- 23 8,385 
Fidelity Series Emerging Markets Debt Fund 757 33 23 -- (15) 773 
Fidelity Series Emerging Markets Fund 475 140 -- -- (29) 581 
Fidelity Series Emerging Markets Opportunities Fund 4,295 986 99 -- 16 5,203 
Fidelity Series Floating Rate High Income Fund 162 -- -- 167 
Fidelity Series Government Bond Index Fund -- 11,563 -- -- 43 11,606 
Fidelity Series Government Money Market Fund 2.07% 16,087 1,879 13,457 194 -- -- 4,509 
Fidelity Series Growth Company Fund 2,181 36 2,303 -- 212 (126) -- 
Fidelity Series High Income Fund 812 27 28 844 
Fidelity Series Inflation-Protected Bond Index Fund 12,403 395 1,219 25 27 365 11,971 
Fidelity Series International Credit Fund 55 -- -- 59 
Fidelity Series International Growth Fund 3,325 241 1,138 -- 70 208 2,706 
Fidelity Series International Index Fund -- 898 -- -- -- (8) 890 
Fidelity Series International Small Cap Fund 797 33 -- (1) 32 803 
Fidelity Series International Value Fund 3,303 321 1,003 -- (72) 165 2,714 
Fidelity Series Intrinsic Opportunities Fund 2,679 209 2,794 96 (161) 67 -- 
Fidelity Series Investment Grade Bond Fund 37,236 2,038 28,440 580 695 668 12,197 
Fidelity Series Investment Grade Securitized Fund -- 8,307 -- -- 8,315 
Fidelity Series Large Cap Growth Index Fund -- 2,247 119 -- (1) (16) 2,111 
Fidelity Series Large Cap Stock Fund 2,323 254 449 100 (14) 2,115 
Fidelity Series Large Cap Value Index Fund 649 3,652 349 -- 15 3,972 
Fidelity Series Long-Term Treasury Bond Index Fund 5,082 215 2,914 63 260 276 2,919 
Fidelity Series Opportunistic Insights Fund 1,173 36 1,271 -- 75 (13) -- 
Fidelity Series Overseas Fund -- 1,378 -- -- -- 1,384 
Fidelity Series Real Estate Income Fund 506 22 -- 20 -- 14 542 
Fidelity Series Short-Term Credit Fund 4,023 468 39 58 -- 46 4,498 
Fidelity Series Small Cap Discovery Fund 313 15 335 -- 
Fidelity Series Small Cap Opportunities Fund 963 295 168 53 (9) (30) 1,051 
Fidelity Series Stock Selector Large Cap Value Fund 1,768 85 1,958 -- (1) 106 -- 
Fidelity Series Treasury Bill Index Fund -- 13,454 -- -- -- 13,454 
Fidelity Series Value Discovery Fund 1,253 154 199 -- (4) 54 1,258 
 $107,873 $60,680 $59,276 $1,405 $1,034 $1,733 $112,044 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $111,189) $112,044  
Total Investment in Securities (cost $111,189)  $112,044 
Receivable for investments sold  1,142 
Total assets  113,186 
Liabilities   
Payable to custodian bank $62  
Payable for investments purchased 1,080  
Total liabilities  1,142 
Net Assets  $112,044 
Net Assets consist of:   
Paid in capital  $108,817 
Total accumulated earnings (loss)  3,227 
Net Assets, for 10,893 shares outstanding  $112,044 
Net Asset Value, offering price and redemption price per share ($112,044 ÷ 10,893 shares)  $10.29 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,141 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  1,140 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,034  
Capital gain distributions from underlying funds:   
Affiliated issuers 264  
Total net realized gain (loss)  1,298 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,733  
Total change in net unrealized appreciation (depreciation)  1,733 
Net gain (loss)  3,031 
Net increase (decrease) in net assets resulting from operations  $4,171 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,140 $2,602 
Net realized gain (loss) 1,298 2,179 
Change in net unrealized appreciation (depreciation) 1,733 (1,151) 
Net increase (decrease) in net assets resulting from operations 4,171 3,630 
Distributions to shareholders (1,578) (5,040) 
Share transactions   
Reinvestment of distributions 1,578 5,040 
Net increase (decrease) in net assets resulting from share transactions 1,578 5,040 
Total increase (decrease) in net assets 4,171 3,630 
Net Assets   
Beginning of period 107,873 104,243 
End of period $112,044 $107,873 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 159 519 
Net increase (decrease) 159 519 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.05 $10.21 $10.00 
Income from Investment Operations    
Net investment income (loss)B .11 .25 .18 
Net realized and unrealized gain (loss) .28 .08 .25 
Total from investment operations .39 .33 .43 
Distributions from net investment income (.05) (.25) (.14) 
Distributions from net realized gain (.10) (.24) (.08) 
Total distributions (.15) (.49) (.22) 
Net asset value, end of period $10.29 $10.05 $10.21 
Total ReturnC 3.90% 3.43% 4.29% 
Ratios to Average Net AssetsD,E    
Expenses before reductions - %F,G - %G - %F 
Expenses net of fee waivers, if any - %F,G - %G - %F 
Expenses net of all reductions - %F,G - %G - %F 
Net investment income (loss) 2.07%F 2.49% 2.21%F 
Supplemental Data    
Net assets, end of period (000 omitted) $112 $108 $104 
Portfolio turnover rateE 108%F 23% 13%F 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of the Underlying Funds.

 F Annualized

 G 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 9.8 
Fidelity Series Treasury Bill Index Fund 9.5 
Fidelity Series Government Bond Index Fund 9.3 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Corporate Bond Fund 6.8 
Fidelity Series Investment Grade Securitized Fund 6.7 
Fidelity Series Emerging Markets Opportunities Fund 5.4 
Fidelity Series Large Cap Value Index Fund 5.3 
Fidelity Series Blue Chip Growth Fund 3.6 
Fidelity Series Commodity Strategy Fund 3.5 
 69.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 21.1% 
   International Equity Funds 16.4% 
   Bond Funds 46.6% 
   Short-Term Funds 15.9% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 21.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 302 $4,025 
Fidelity Series Commodity Strategy Fund (a) 858 3,937 
Fidelity Series Large Cap Growth Index Fund (a) 298 3,184 
Fidelity Series Large Cap Stock Fund (a) 220 3,190 
Fidelity Series Large Cap Value Index Fund (a) 459 5,991 
Fidelity Series Small Cap Opportunities Fund (a) 126 1,618 
Fidelity Series Value Discovery Fund (a) 146 1,897 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $24,348)  23,842 
International Equity Funds - 16.4%   
Fidelity Series Canada Fund (a) 49 541 
Fidelity Series Emerging Markets Fund (a) 74 683 
Fidelity Series Emerging Markets Opportunities Fund (a) 329 6,114 
Fidelity Series International Growth Fund (a) 218 3,573 
Fidelity Series International Index Fund (a) 117 1,175 
Fidelity Series International Small Cap Fund (a) 66 1,061 
Fidelity Series International Value Fund (a) 377 3,583 
Fidelity Series Overseas Fund (a) 184 1,828 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $18,551)  18,558 
Bond Funds - 46.6%   
Fidelity Series Corporate Bond Fund (a) 710 7,624 
Fidelity Series Emerging Markets Debt Fund (a) 83 779 
Fidelity Series Floating Rate High Income Fund (a) 18 168 
Fidelity Series Government Bond Index Fund (a) 991 10,554 
Fidelity Series High Income Fund (a) 90 853 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,033 10,412 
Fidelity Series International Credit Fund (a) 60 
Fidelity Series Investment Grade Bond Fund (a) 956 11,093 
Fidelity Series Investment Grade Securitized Fund (a) 726 7,561 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 293 2,937 
Fidelity Series Real Estate Income Fund (a) 49 547 
TOTAL BOND FUNDS   
(Cost $51,463)  52,588 
Short-Term Funds - 15.9%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 3,608 3,608 
Fidelity Series Short-Term Credit Fund (a) 357 3,599 
Fidelity Series Treasury Bill Index Fund (a) 1,077 10,767 
TOTAL SHORT-TERM FUNDS   
(Cost $17,941)  17,974 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $112,303)  112,962 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $112,963 

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 All-Sector Equity Fund $881 $62 $999 $-- $(108) $164 $-- 
Fidelity Series Blue Chip Growth Fund 1,587 3,020 379 147 15 (218) 4,025 
Fidelity Series Canada Fund 461 69 26 -- 36 541 
Fidelity Series Commodity Strategy Fund 3,246 837 -- 34 -- (146) 3,937 
Fidelity Series Corporate Bond Fund -- 7,603 -- -- 21 7,624 
Fidelity Series Emerging Markets Debt Fund 762 37 23 -- (16) 779 
Fidelity Series Emerging Markets Fund 584 139 -- (36) 683 
Fidelity Series Emerging Markets Opportunities Fund 5,285 911 109 -- 22 6,114 
Fidelity Series Floating Rate High Income Fund 163 -- -- -- 168 
Fidelity Series Government Bond Index Fund -- 10,515 -- -- 39 10,554 
Fidelity Series Government Money Market Fund 2.07% 12,791 1,626 10,809 155 -- -- 3,608 
Fidelity Series Growth Company Fund 3,217 53 3,399 -- 317 (188) -- 
Fidelity Series High Income Fund 819 27 28 -- 853 
Fidelity Series Inflation-Protected Bond Index Fund 10,235 439 581 21 310 10,412 
Fidelity Series International Credit Fund 56 -- -- 60 
Fidelity Series International Growth Fund 4,296 314 1,395 -- 86 272 3,573 
Fidelity Series International Index Fund -- 1,185 -- -- -- (10) 1,175 
Fidelity Series International Small Cap Fund 1,030 28 37 -- (1) 41 1,061 
Fidelity Series International Value Fund 4,268 416 1,220 -- (83) 202 3,583 
Fidelity Series Intrinsic Opportunities Fund 3,953 251 4,063 146 (240) 99 -- 
Fidelity Series Investment Grade Bond Fund 33,629 2,182 25,955 525 630 607 11,093 
Fidelity Series Investment Grade Securitized Fund -- 7,554 -- -- 7,561 
Fidelity Series Large Cap Growth Index Fund -- 3,363 154 -- (1) (24) 3,184 
Fidelity Series Large Cap Stock Fund 3,426 340 555 150 (23) 3,190 
Fidelity Series Large Cap Value Index Fund 956 5,433 427 -- 23 5,991 
Fidelity Series Long-Term Treasury Bond Index Fund 5,340 243 3,209 66 287 276 2,937 
Fidelity Series Opportunistic Insights Fund 1,730 27 1,845 -- 116 (28) -- 
Fidelity Series Overseas Fund -- 1,823 -- -- -- 1,828 
Fidelity Series Real Estate Income Fund 510 24 20 -- 14 547 
Fidelity Series Short-Term Credit Fund 3,198 402 38 46 -- 37 3,599 
Fidelity Series Small Cap Discovery Fund 463 15 489 10 10 -- 
Fidelity Series Small Cap Opportunities Fund 1,420 432 175 80 (6) (53) 1,618 
Fidelity Series Stock Selector Large Cap Value Fund 2,610 103 2,870 -- (2) 159 -- 
Fidelity Series Treasury Bill Index Fund -- 10,767 -- -- -- 10,767 
Fidelity Series Value Discovery Fund 1,848 252 277 -- (6) 80 1,897 
 $108,764 $60,498 $59,023 $1,477 $1,029 $1,694 $112,962 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $112,303) $112,962  
Total Investment in Securities (cost $112,303)  $112,962 
Receivable for investments sold  1,255 
Total assets  114,217 
Liabilities   
Payable for investments purchased $1,254  
Total liabilities  1,254 
Net Assets  $112,963 
Net Assets consist of:   
Paid in capital  $109,864 
Total accumulated earnings (loss)  3,099 
Net Assets, for 10,998 shares outstanding  $112,963 
Net Asset Value, offering price and redemption price per share ($112,963 ÷ 10,998 shares)  $10.27 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,080 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  1,079 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,029  
Capital gain distributions from underlying funds:   
Affiliated issuers 397  
Total net realized gain (loss)  1,426 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,694  
Total change in net unrealized appreciation (depreciation)  1,694 
Net gain (loss)  3,120 
Net increase (decrease) in net assets resulting from operations  $4,199 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,079 $2,593 
Net realized gain (loss) 1,426 2,753 
Change in net unrealized appreciation (depreciation) 1,694 (1,739) 
Net increase (decrease) in net assets resulting from operations 4,199 3,607 
Distributions to shareholders (1,944) (5,511) 
Share transactions   
Reinvestment of distributions 1,944 5,511 
Net increase (decrease) in net assets resulting from share transactions 1,944 5,511 
Total increase (decrease) in net assets 4,199 3,607 
Net Assets   
Beginning of period 108,764 105,157 
End of period $112,963 $108,764 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 196 568 
Net increase (decrease) 196 568 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.07 $10.28 $10.00 
Income from Investment Operations    
Net investment income (loss)B .10 .25 .19 
Net realized and unrealized gain (loss) .28 .07 .33 
Total from investment operations .38 .32 .52 
Distributions from net investment income (.04) (.25) (.15) 
Distributions from net realized gain (.14) (.29) (.10) 
Total distributions (.18) (.53)C (.24)D 
Net asset value, end of period $10.27 $10.07 $10.28 
Total ReturnE 3.83% 3.40% 5.20% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.94%H 2.46% 2.22%H 
Supplemental Data    
Net assets, end of period (000 omitted) $113 $109 $105 
Portfolio turnover rateG 106%H 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 Total distributions of $.53 per share is comprised of distributions from net investment income of $.246 and distributions from net realized gain of $.286 per share.

 D Total distributions of $.24 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.095 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H 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, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 8.7 
Fidelity Series Government Bond Index Fund 8.3 
Fidelity Series Inflation-Protected Bond Index Fund 8.0 
Fidelity Series Large Cap Value Index Fund 7.1 
Fidelity Series Treasury Bill Index Fund 7.0 
Fidelity Series Emerging Markets Opportunities Fund 6.2 
Fidelity Series Corporate Bond Fund 6.0 
Fidelity Series Investment Grade Securitized Fund 5.9 
Fidelity Series Blue Chip Growth Fund 4.7 
Fidelity Series International Value Fund 3.9 
 65.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 26.9% 
   International Equity Funds 19.8% 
   Bond Funds 41.5% 
   Short-Term Funds 11.8% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 26.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 405 $5,402 
Fidelity Series Commodity Strategy Fund (a) 865 3,972 
Fidelity Series Large Cap Growth Index Fund (a) 400 4,273 
Fidelity Series Large Cap Stock Fund (a) 298 4,313 
Fidelity Series Large Cap Value Index Fund (a) 616 8,040 
Fidelity Series Small Cap Opportunities Fund (a) 165 2,127 
Fidelity Series Value Discovery Fund (a) 196 2,546 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $31,265)  30,673 
International Equity Funds - 19.8%   
Fidelity Series Canada Fund (a) 61 674 
Fidelity Series Emerging Markets Fund (a) 86 788 
Fidelity Series Emerging Markets Opportunities Fund (a) 380 7,057 
Fidelity Series International Growth Fund (a) 272 4,453 
Fidelity Series International Index Fund (a) 145 1,465 
Fidelity Series International Small Cap Fund (a) 82 1,322 
Fidelity Series International Value Fund (a) 470 4,466 
Fidelity Series Overseas Fund (a) 230 2,278 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $22,514)  22,503 
Bond Funds - 41.5%   
Fidelity Series Corporate Bond Fund (a) 632 6,792 
Fidelity Series Emerging Markets Debt Fund (a) 84 785 
Fidelity Series Floating Rate High Income Fund (a) 18 170 
Fidelity Series Government Bond Index Fund (a) 883 9,402 
Fidelity Series High Income Fund (a) 91 862 
Fidelity Series Inflation-Protected Bond Index Fund (a) 900 9,075 
Fidelity Series International Credit Fund (a) 61 
Fidelity Series Investment Grade Bond Fund (a) 852 9,878 
Fidelity Series Investment Grade Securitized Fund (a) 647 6,736 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 295 2,958 
Fidelity Series Real Estate Income Fund (a) 49 552 
TOTAL BOND FUNDS   
(Cost $46,245)  47,271 
Short-Term Funds - 11.8%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 2,686 2,686 
Fidelity Series Short-Term Credit Fund (a) 266 2,679 
Fidelity Series Treasury Bill Index Fund (a) 801 8,013 
TOTAL SHORT-TERM FUNDS   
(Cost $13,349)  13,378 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $113,373)  113,825 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $113,825 

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 All-Sector Equity Fund $1,172 $65 $1,311 $-- $(168) $242 $-- 
Fidelity Series Blue Chip Growth Fund 2,112 3,953 386 197 17 (294) 5,402 
Fidelity Series Canada Fund 567 78 14 -- -- 43 674 
Fidelity Series Commodity Strategy Fund 3,270 851 35 -- (148) 3,972 
Fidelity Series Corporate Bond Fund -- 6,773 -- -- 19 6,792 
Fidelity Series Emerging Markets Debt Fund 768 40 24 (1) (15) 785 
Fidelity Series Emerging Markets Fund 671 168 10 -- -- (41) 788 
Fidelity Series Emerging Markets Opportunities Fund 6,070 1,053 94 -- 27 7,057 
Fidelity Series Floating Rate High Income Fund 165 -- -- -- 170 
Fidelity Series Government Bond Index Fund -- 9,368 -- -- 34 9,402 
Fidelity Series Government Money Market Fund 2.07% 9,832 1,357 8,503 119 -- -- 2,686 
Fidelity Series Growth Company Fund 4,276 58 4,504 -- 422 (252) -- 
Fidelity Series High Income Fund 825 28 -- 28 -- 862 
Fidelity Series Inflation-Protected Bond Index Fund 8,072 879 126 17 -- 250 9,075 
Fidelity Series International Credit Fund 57 -- -- 61 
Fidelity Series International Growth Fund 5,284 391 1,662 -- 103 337 4,453 
Fidelity Series International Index Fund -- 1,478 -- -- -- (13) 1,465 
Fidelity Series International Small Cap Fund 1,267 115 109 -- (5) 54 1,322 
Fidelity Series International Value Fund 5,250 512 1,442 -- (97) 243 4,466 
Fidelity Series Intrinsic Opportunities Fund 5,248 278 5,338 196 (322) 134 -- 
Fidelity Series Investment Grade Bond Fund 29,732 2,244 23,194 465 557 539 9,878 
Fidelity Series Investment Grade Securitized Fund -- 6,730 -- -- 6,736 
Fidelity Series Large Cap Growth Index Fund -- 4,486 180 -- (1) (32) 4,273 
Fidelity Series Large Cap Stock Fund 4,537 401 597 203 (32) 4,313 
Fidelity Series Large Cap Value Index Fund 1,269 7,225 492 -- 32 8,040 
Fidelity Series Long-Term Treasury Bond Index Fund 5,489 269 3,389 68 319 270 2,958 
Fidelity Series Opportunistic Insights Fund 2,297 27 2,440 -- 142 (26) -- 
Fidelity Series Overseas Fund -- 2,270 -- -- -- 2,278 
Fidelity Series Real Estate Income Fund 514 26 20 -- 14 552 
Fidelity Series Short-Term Credit Fund 2,458 346 155 35 28 2,679 
Fidelity Series Small Cap Discovery Fund 615 15 644 14 (3) 17 -- 
Fidelity Series Small Cap Opportunities Fund 1,888 568 249 108 (12) (68) 2,127 
Fidelity Series Stock Selector Large Cap Value Fund 3,465 42 3,711 -- (7) 211 -- 
Fidelity Series Treasury Bill Index Fund -- 8,013 -- -- -- 8,013 
Fidelity Series Value Discovery Fund 2,451 281 285 -- (5) 104 2,546 
 $109,621 $60,394 $58,845 $1,551 $952 $1,703 $113,825 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $113,373) $113,825  
Total Investment in Securities (cost $113,373)  $113,825 
Receivable for investments sold  1,329 
Total assets  115,154 
Liabilities   
Payable to custodian bank $149  
Payable for investments purchased 1,180  
Total liabilities  1,329 
Net Assets  $113,825 
Net Assets consist of:   
Paid in capital  $110,942 
Total accumulated earnings (loss)  2,883 
Net Assets, for 11,104 shares outstanding  $113,825 
Net Asset Value, offering price and redemption price per share ($113,825 ÷ 11,104 shares)  $10.25 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,020 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  1,019 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 952  
Capital gain distributions from underlying funds:   
Affiliated issuers 531  
Total net realized gain (loss)  1,483 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,703  
Total change in net unrealized appreciation (depreciation)  1,703 
Net gain (loss)  3,186 
Net increase (decrease) in net assets resulting from operations  $4,205 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,019 $2,582 
Net realized gain (loss) 1,483 3,377 
Change in net unrealized appreciation (depreciation) 1,703 (2,392) 
Net increase (decrease) in net assets resulting from operations 4,205 3,567 
Distributions to shareholders (2,348) (5,994) 
Share transactions   
Reinvestment of distributions 2,348 5,994 
Net increase (decrease) in net assets resulting from share transactions 2,348 5,994 
Total increase (decrease) in net assets 4,205 3,567 
Net Assets   
Beginning of period 109,620 106,053 
End of period $113,825 $109,620 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 236 618 
Net increase (decrease) 236 618 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.09 $10.35 $10.00 
Income from Investment Operations    
Net investment income (loss)B .09 .24 .19 
Net realized and unrealized gain (loss) .29 .08 .42 
Total from investment operations .38 .32 .61 
Distributions from net investment income (.04) (.24) (.15) 
Distributions from net realized gain (.18) (.33) (.11) 
Total distributions (.22) (.58)C (.26) 
Net asset value, end of period $10.25 $10.09 $10.35 
Total ReturnD 3.80% 3.37% 6.09% 
Ratios to Average Net AssetsE,F    
Expenses before reductions - %G,H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %G 
Expenses net of all reductions - %G,H - %H - %G 
Net investment income (loss) 1.82%G 2.43% 2.21%G 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $110 $106 
Portfolio turnover rateF 105%G 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 of $.58 per share is comprised of distributions from net investment income of $.244 and distributions from net realized gain of $.333 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of the Underlying Funds.

 G 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 8.6 
Fidelity Series Investment Grade Bond Fund 7.7 
Fidelity Series Government Bond Index Fund 7.3 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series Inflation-Protected Bond Index Fund 6.8 
Fidelity Series Blue Chip Growth Fund 5.8 
Fidelity Series Corporate Bond Fund 5.3 
Fidelity Series Investment Grade Securitized Fund 5.2 
Fidelity Series Treasury Bill Index Fund 4.9 
Fidelity Series Large Cap Stock Fund 4.6 
 63.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.1% 
   International Equity Funds 22.7% 
   Bond Funds 37.0% 
   Short-Term Funds 8.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 32.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 498 $6,644 
Fidelity Series Commodity Strategy Fund (a) 868 3,986 
Fidelity Series Large Cap Growth Index Fund (a) 490 5,236 
Fidelity Series Large Cap Stock Fund (a) 362 5,246 
Fidelity Series Large Cap Value Index Fund (a) 754 9,854 
Fidelity Series Small Cap Opportunities Fund (a) 203 2,607 
Fidelity Series Value Discovery Fund (a) 240 3,120 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $37,366)  36,693 
International Equity Funds - 22.7%   
Fidelity Series Canada Fund (a) 71 791 
Fidelity Series Emerging Markets Fund (a) 96 880 
Fidelity Series Emerging Markets Opportunities Fund (a) 424 7,870 
Fidelity Series International Growth Fund (a) 319 5,229 
Fidelity Series International Index Fund (a) 171 1,720 
Fidelity Series International Small Cap Fund (a) 96 1,552 
Fidelity Series International Value Fund (a) 552 5,243 
Fidelity Series Overseas Fund (a) 270 2,675 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $25,987)  25,960 
Bond Funds - 37.0%   
Fidelity Series Corporate Bond Fund (a) 561 6,030 
Fidelity Series Emerging Markets Debt Fund (a) 84 786 
Fidelity Series Floating Rate High Income Fund (a) 18 170 
Fidelity Series Government Bond Index Fund (a) 784 8,347 
Fidelity Series High Income Fund (a) 91 866 
Fidelity Series Inflation-Protected Bond Index Fund (a) 774 7,804 
Fidelity Series International Credit Fund (a) 74 
Fidelity Series Investment Grade Bond Fund (a) 756 8,771 
Fidelity Series Investment Grade Securitized Fund (a) 574 5,980 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 296 2,966 
Fidelity Series Real Estate Income Fund (a) 49 552 
TOTAL BOND FUNDS   
(Cost $41,420)  42,346 
Short-Term Funds - 8.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 1,888 1,888 
Fidelity Series Short-Term Credit Fund (a) 187 1,883 
Fidelity Series Treasury Bill Index Fund (a) 563 5,633 
TOTAL SHORT-TERM FUNDS   
(Cost $9,383)  9,404 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $114,156)  114,403 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (1) 
NET ASSETS - 100%  $114,402 

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 All-Sector Equity Fund $1,415 $43 $1,545 $-- $(187) $274 $-- 
Fidelity Series Blue Chip Growth Fund 2,561 4,892 479 239 30 (360) 6,644 
Fidelity Series Canada Fund 657 97 13 -- -- 50 791 
Fidelity Series Commodity Strategy Fund 3,285 872 23 35 (2) (146) 3,986 
Fidelity Series Corporate Bond Fund -- 6,014 -- -- 16 6,030 
Fidelity Series Emerging Markets Debt Fund 770 42 10 23 (1) (15) 786 
Fidelity Series Emerging Markets Fund 746 182 -- -- (47) 880 
Fidelity Series Emerging Markets Opportunities Fund 6,759 1,170 85 -- -- 26 7,870 
Fidelity Series Floating Rate High Income Fund 163 -- -- -- 170 
Fidelity Series Government Bond Index Fund -- 8,316 -- -- 31 8,347 
Fidelity Series Government Money Market Fund 2.07% 7,418 1,188 6,718 90 -- -- 1,888 
Fidelity Series Growth Company Fund 5,179 117 5,504 -- 497 (289) -- 
Fidelity Series High Income Fund 829 30 28 -- 866 
Fidelity Series Inflation-Protected Bond Index Fund 5,994 1,741 119 13 -- 188 7,804 
Fidelity Series International Credit Fund 69 -- -- 74 
Fidelity Series International Growth Fund 6,126 455 1,862 -- 116 394 5,229 
Fidelity Series International Index Fund -- 1,735 -- -- -- (15) 1,720 
Fidelity Series International Small Cap Fund 1,469 145 118 -- (6) 62 1,552 
Fidelity Series International Value Fund 6,086 585 1,597 -- (107) 276 5,243 
Fidelity Series Intrinsic Opportunities Fund 6,350 293 6,409 242 (396) 162 -- 
Fidelity Series Investment Grade Bond Fund 26,338 2,148 20,683 412 490 478 8,771 
Fidelity Series Investment Grade Securitized Fund -- 5,974 -- -- 5,980 
Fidelity Series Large Cap Growth Index Fund -- 5,489 212 -- (2) (39) 5,236 
Fidelity Series Large Cap Stock Fund 5,488 480 682 246 (2) (38) 5,246 
Fidelity Series Large Cap Value Index Fund 1,534 8,830 557 -- 39 9,854 
Fidelity Series Long-Term Treasury Bond Index Fund 5,638 289 3,561 70 331 269 2,966 
Fidelity Series Opportunistic Insights Fund 2,791 32 2,963 -- 174 (34) -- 
Fidelity Series Overseas Fund -- 2,664 -- -- -- 11 2,675 
Fidelity Series Real Estate Income Fund 516 26 20 -- 15 552 
Fidelity Series Short-Term Credit Fund 1,855 297 290 27 20 1,883 
Fidelity Series Small Cap Discovery Fund 734 16 767 16 (4) 21 -- 
Fidelity Series Small Cap Opportunities Fund 2,281 708 284 132 (14) (84) 2,607 
Fidelity Series Stock Selector Large Cap Value Fund 4,193 80 4,525 -- (2) 254 -- 
Fidelity Series Treasury Bill Index Fund -- 5,633 -- -- -- 5,633 
Fidelity Series Value Discovery Fund 2,964 356 320 -- (6) 126 3,120 
 $110,208 $60,947 $59,334 $1,613 $918 $1,664 $114,403 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $114,156) $114,403  
Total Investment in Securities (cost $114,156)  $114,403 
Receivable for investments sold  1,273 
Total assets  115,676 
Liabilities   
Payable to custodian bank $88  
Payable for investments purchased 1,186  
Total liabilities  1,274 
Net Assets  $114,402 
Net Assets consist of:   
Paid in capital  $111,702 
Total accumulated earnings (loss)  2,700 
Net Assets, for 11,181 shares outstanding  $114,402 
Net Asset Value, offering price and redemption price per share ($114,402 ÷ 11,181 shares)  $10.23 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $966 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  965 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 918  
Capital gain distributions from underlying funds:   
Affiliated issuers 647  
Total net realized gain (loss)  1,565 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,664  
Total change in net unrealized appreciation (depreciation)  1,664 
Net gain (loss)  3,229 
Net increase (decrease) in net assets resulting from operations  $4,194 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $965 $2,576 
Net realized gain (loss) 1,565 3,834 
Change in net unrealized appreciation (depreciation) 1,664 (2,888) 
Net increase (decrease) in net assets resulting from operations 4,194 3,522 
Distributions to shareholders (2,663) (6,307) 
Share transactions   
Reinvestment of distributions 2,663 6,307 
Net increase (decrease) in net assets resulting from share transactions 2,663 6,307 
Total increase (decrease) in net assets 4,194 3,522 
Net Assets   
Beginning of period 110,208 106,686 
End of period $114,402 $110,208 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 268 651 
Net increase (decrease) 268 651 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.10 $10.40 $10.00 
Income from Investment Operations    
Net investment income (loss)B .09 .24 .19 
Net realized and unrealized gain (loss) .28 .07 .48 
Total from investment operations .37 .31 .67 
Distributions from net investment income (.03) (.24) (.16) 
Distributions from net realized gain (.21) (.36) (.12) 
Total distributions (.24) (.61)C (.27)D 
Net asset value, end of period $10.23 $10.10 $10.40 
Total ReturnE 3.78% 3.28% 6.72% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.71%H 2.41% 2.22%H 
Supplemental Data    
Net assets, end of period (000 omitted) $114 $110 $107 
Portfolio turnover rateG 105%H 22% 14%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.61 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.363 per share.

 D Total distributions of $.27 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.116 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of the Underlying Funds.

 H Annualized

 I 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 9.9 
Fidelity Series Emerging Markets Opportunities Fund 7.5 
Fidelity Series Investment Grade Bond Fund 6.9 
Fidelity Series Blue Chip Growth Fund 6.6 
Fidelity Series Government Bond Index Fund 6.6 
Fidelity Series Inflation-Protected Bond Index Fund 6.1 
Fidelity Series Large Cap Stock Fund 5.3 
Fidelity Series Large Cap Growth Index Fund 5.2 
Fidelity Series International Value Fund 5.1 
Fidelity Series International Growth Fund 5.1 
 64.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 36.2% 
   International Equity Funds 25.1% 
   Bond Funds 33.7% 
   Short-Term Funds 5.0% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 36.2%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 572 $7,629 
Fidelity Series Commodity Strategy Fund (a) 875 4,018 
Fidelity Series Large Cap Growth Index Fund (a) 564 6,034 
Fidelity Series Large Cap Stock Fund (a) 417 6,045 
Fidelity Series Large Cap Value Index Fund (a) 869 11,352 
Fidelity Series Small Cap Opportunities Fund (a) 236 3,037 
Fidelity Series Value Discovery Fund (a) 276 3,595 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $42,465)  41,710 
International Equity Funds - 25.1%   
Fidelity Series Canada Fund (a) 80 889 
Fidelity Series Emerging Markets Fund (a) 104 956 
Fidelity Series Emerging Markets Opportunities Fund (a) 460 8,551 
Fidelity Series International Growth Fund (a) 359 5,873 
Fidelity Series International Index Fund (a) 192 1,932 
Fidelity Series International Small Cap Fund (a) 108 1,744 
Fidelity Series International Value Fund (a) 620 5,890 
Fidelity Series Overseas Fund (a) 303 3,005 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $28,888)  28,840 
Bond Funds - 33.7%   
Fidelity Series Corporate Bond Fund (a) 507 5,449 
Fidelity Series Emerging Markets Debt Fund (a) 84 790 
Fidelity Series Floating Rate High Income Fund (a) 18 171 
Fidelity Series Government Bond Index Fund (a) 708 7,543 
Fidelity Series High Income Fund (a) 92 870 
Fidelity Series Inflation-Protected Bond Index Fund (a) 693 6,990 
Fidelity Series International Credit Fund (a) 74 
Fidelity Series Investment Grade Bond Fund (a) 683 7,926 
Fidelity Series Investment Grade Securitized Fund (a) 519 5,404 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 295 2,958 
Fidelity Series Real Estate Income Fund (a) 49 555 
TOTAL BOND FUNDS   
(Cost $37,886)  38,730 
Short-Term Funds - 5.0%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 1,148 1,148 
Fidelity Series Short-Term Credit Fund (a) 114 1,145 
Fidelity Series Treasury Bill Index Fund (a) 343 3,426 
TOTAL SHORT-TERM FUNDS   
(Cost $5,705)  5,719 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $114,944)  114,999 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $115,001 

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 All-Sector Equity Fund $1,637 $25 $1,763 $-- $(242) $343 $-- 
Fidelity Series Blue Chip Growth Fund 2,947 5,617 547 280 26 (414) 7,629 
Fidelity Series Canada Fund 734 111 12 -- -- 56 889 
Fidelity Series Commodity Strategy Fund 3,301 886 20 36 (1) (148) 4,018 
Fidelity Series Corporate Bond Fund -- 5,434 -- -- 15 5,449 
Fidelity Series Emerging Markets Debt Fund 774 43 11 24 (1) (15) 790 
Fidelity Series Emerging Markets Fund 810 197 -- -- -- (51) 956 
Fidelity Series Emerging Markets Opportunities Fund 7,333 1,258 66 -- -- 26 8,551 
Fidelity Series Floating Rate High Income Fund 164 -- -- -- 171 
Fidelity Series Government Bond Index Fund -- 7,515 -- -- 28 7,543 
Fidelity Series Government Money Market Fund 2.07% 5,119 1,054 5,025 62 -- -- 1,148 
Fidelity Series Growth Company Fund 5,970 116 6,325 -- 567 (328) -- 
Fidelity Series High Income Fund 833 32 28 -- 870 
Fidelity Series Inflation-Protected Bond Index Fund 4,810 2,134 105 10 -- 151 6,990 
Fidelity Series International Credit Fund 69 -- -- 74 
Fidelity Series International Growth Fund 6,847 458 2,001 -- 125 444 5,873 
Fidelity Series International Index Fund -- 1,949 -- -- -- (17) 1,932 
Fidelity Series International Small Cap Fund 1,642 167 129 -- (8) 72 1,744 
Fidelity Series International Value Fund 6,801 598 1,697 -- (119) 307 5,890 
Fidelity Series Intrinsic Opportunities Fund 7,331 426 7,485 284 (474) 202 -- 
Fidelity Series Investment Grade Bond Fund 22,523 3,267 18,683 355 399 420 7,926 
Fidelity Series Investment Grade Securitized Fund -- 5,399 -- -- 5,404 
Fidelity Series Large Cap Growth Index Fund -- 6,329 248 -- (2) (45) 6,034 
Fidelity Series Large Cap Stock Fund 6,355 470 732 285 (2) (46) 6,045 
Fidelity Series Large Cap Value Index Fund 1,773 10,148 624 -- 46 11,352 
Fidelity Series Long-Term Treasury Bond Index Fund 6,228 374 4,340 77 472 224 2,958 
Fidelity Series Opportunistic Insights Fund 3,212 30 3,405 -- 197 (34) -- 
Fidelity Series Overseas Fund -- 2,994 -- -- -- 11 3,005 
Fidelity Series Real Estate Income Fund 519 27 20 -- 15 555 
Fidelity Series Short-Term Credit Fund 1,280 268 419 18 13 1,145 
Fidelity Series Small Cap Discovery Fund 847 19 884 19 (4) 22 -- 
Fidelity Series Small Cap Opportunities Fund 2,637 828 314 152 (14) (100) 3,037 
Fidelity Series Stock Selector Large Cap Value Fund 4,841 37 5,167 -- (10) 299 -- 
Fidelity Series Treasury Bill Index Fund -- 3,426 -- -- -- 3,426 
Fidelity Series Value Discovery Fund 3,423 396 363 -- (6) 145 3,595 
Total $110,760 $62,040 $60,375 $1,667 $915 $1,659 $114,999 

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

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $114,944) $114,999  
Total Investment in Securities (cost $114,944)  $114,999 
Receivable for investments sold  1,317 
Total assets  116,316 
Liabilities   
Payable to custodian bank $48  
Payable for investments purchased 1,267  
Total liabilities  1,315 
Net Assets  $115,001 
Net Assets consist of:   
Paid in capital  $112,452 
Total accumulated earnings (loss)  2,549 
Net Assets, for 11,257 shares outstanding  $115,001 
Net Asset Value, offering price and redemption price per share ($115,001 ÷ 11,257 shares)  $10.22 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $915 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  914 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 915  
Capital gain distributions from underlying funds:   
Affiliated issuers 752  
Total net realized gain (loss)  1,667 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,659  
Total change in net unrealized appreciation (depreciation)  1,659 
Net gain (loss)  3,326 
Net increase (decrease) in net assets resulting from operations  $4,240 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $914 $2,553 
Net realized gain (loss) 1,667 4,301 
Change in net unrealized appreciation (depreciation) 1,659 (3,382) 
Net increase (decrease) in net assets resulting from operations 4,240 3,472 
Distributions to shareholders (2,991) (6,609) 
Share transactions   
Reinvestment of distributions 2,991 6,609 
Net increase (decrease) in net assets resulting from share transactions 2,991 6,609 
Total increase (decrease) in net assets 4,240 3,472 
Net Assets   
Beginning of period 110,761 107,289 
End of period $115,001 $110,761 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 302 683 
Net increase (decrease) 302 683 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.11 $10.44 $10.00 
Income from Investment Operations    
Net investment income (loss)B .08 .24 .19 
Net realized and unrealized gain (loss) .30 .06 .54 
Total from investment operations .38 .30 .73 
Distributions from net investment income (.03) (.24) (.16) 
Distributions from net realized gain (.25) (.39) (.13) 
Total distributions (.27)C (.63) (.29) 
Net asset value, end of period $10.22 $10.11 $10.44 
Total ReturnD 3.87% 3.28% 7.24% 
Ratios to Average Net AssetsE,F    
Expenses before reductions - %G,H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %G 
Expenses net of all reductions - %G,H - %H - %G 
Net investment income (loss) 1.62%G 2.37% 2.20%G 
Supplemental Data    
Net assets, end of period (000 omitted) $115 $111 $107 
Portfolio turnover rateF 107%G 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 of $.27 per share is comprised of distributions from net investment income of $.027 and distributions from net realized gain of $.246 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 11.8 
Fidelity Series Emerging Markets Opportunities Fund 8.3 
Fidelity Series Blue Chip Growth Fund 7.9 
Fidelity Series Large Cap Stock Fund 6.3 
Fidelity Series Large Cap Growth Index Fund 6.3 
Fidelity Series International Value Fund 6.0 
Fidelity Series International Growth Fund 5.9 
Fidelity Series Investment Grade Bond Fund 5.7 
Fidelity Series Government Bond Index Fund 5.4 
Fidelity Series Inflation-Protected Bond Index Fund 4.0 
 67.6 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 42.7% 
   International Equity Funds 28.8% 
   Bond Funds 27.5% 
   Short-Term Funds 1.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Flex℠ Freedom Blend 2030 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 42.7%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 689 $9,188 
Fidelity Series Commodity Strategy Fund (a) 887 4,072 
Fidelity Series Large Cap Growth Index Fund (a) 680 7,268 
Fidelity Series Large Cap Stock Fund (a) 506 7,331 
Fidelity Series Large Cap Value Index Fund (a) 1,047 13,674 
Fidelity Series Small Cap Opportunities Fund (a) 291 3,747 
Fidelity Series Value Discovery Fund (a) 333 4,331 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $50,513)  49,611 
International Equity Funds - 28.8%   
Fidelity Series Canada Fund (a) 94 1,044 
Fidelity Series Emerging Markets Fund (a) 117 1,078 
Fidelity Series Emerging Markets Opportunities Fund (a) 519 9,644 
Fidelity Series International Growth Fund (a) 421 6,897 
Fidelity Series International Index Fund (a) 225 2,268 
Fidelity Series International Small Cap Fund (a) 127 2,048 
Fidelity Series International Value Fund (a) 728 6,917 
Fidelity Series Overseas Fund (a) 356 3,529 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $33,491)  33,425 
Bond Funds - 27.5%   
Fidelity Series Corporate Bond Fund (a) 421 4,525 
Fidelity Series Emerging Markets Debt Fund (a) 85 799 
Fidelity Series Floating Rate High Income Fund (a) 19 175 
Fidelity Series Government Bond Index Fund (a) 588 6,264 
Fidelity Series High Income Fund (a) 92 879 
Fidelity Series Inflation-Protected Bond Index Fund (a) 462 4,658 
Fidelity Series International Credit Fund (a) 63 
Fidelity Series Investment Grade Bond Fund (a) 567 6,581 
Fidelity Series Investment Grade Securitized Fund (a) 431 4,488 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,991 
Fidelity Series Real Estate Income Fund (a) 50 561 
TOTAL BOND FUNDS   
(Cost $31,230)  31,984 
Short-Term Funds - 1.0%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 241 241 
Fidelity Series Short-Term Credit Fund (a) 24 240 
Fidelity Series Treasury Bill Index Fund (a) 72 719 
TOTAL SHORT-TERM FUNDS   
(Cost $1,196)  1,200 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $116,430)  116,220 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,220 

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 All-Sector Equity Fund $2,003 $65 $2,194 $-- $(303) $429 $-- 
Fidelity Series Blue Chip Growth Fund 3,608 6,787 731 337 21 (497) 9,188 
Fidelity Series Canada Fund 868 137 29 -- 67 1,044 
Fidelity Series Commodity Strategy Fund 3,337 922 34 36 (4) (149) 4,072 
Fidelity Series Corporate Bond Fund -- 4,513 -- -- 12 4,525 
Fidelity Series Emerging Markets Debt Fund 784 47 16 24 (1) (15) 799 
Fidelity Series Emerging Markets Fund 927 209 -- -- -- (58) 1,078 
Fidelity Series Emerging Markets Opportunities Fund 8,384 1,294 64 -- 28 9,644 
Fidelity Series Floating Rate High Income Fund 168 -- -- -- 175 
Fidelity Series Government Bond Index Fund -- 6,241 -- -- 23 6,264 
Fidelity Series Government Money Market Fund 2.07% 1,475 651 1,885 18 -- -- 241 
Fidelity Series Growth Company Fund 7,314 25 7,625 -- 680 (394) -- 
Fidelity Series High Income Fund 842 37 29 -- 879 
Fidelity Series Inflation-Protected Bond Index Fund 1,794 2,799 -- -- 65 4,658 
Fidelity Series International Credit Fund 59 -- -- 63 
Fidelity Series International Growth Fund 8,091 531 2,393 -- 150 518 6,897 
Fidelity Series International Index Fund -- 2,288 -- -- -- (20) 2,268 
Fidelity Series International Small Cap Fund 1,941 189 156 -- (13) 87 2,048 
Fidelity Series International Value Fund 8,038 923 2,269 -- (168) 393 6,917 
Fidelity Series Intrinsic Opportunities Fund 8,986 480 9,135 343 (587) 256 -- 
Fidelity Series Investment Grade Bond Fund 17,708 3,592 15,369 284 313 337 6,581 
Fidelity Series Investment Grade Securitized Fund -- 4,484 -- -- 4,488 
Fidelity Series Large Cap Growth Index Fund -- 7,650 326 -- (2) (54) 7,268 
Fidelity Series Large Cap Stock Fund 7,794 547 953 349 (2) (55) 7,331 
Fidelity Series Large Cap Value Index Fund 2,173 12,242 806 -- 10 55 13,674 
Fidelity Series Long-Term Treasury Bond Index Fund 6,438 459 4,641 80 521 214 2,991 
Fidelity Series Opportunistic Insights Fund 3,933 43 4,175 -- 238 (39) -- 
Fidelity Series Overseas Fund -- 3,525 -- -- -- 3,529 
Fidelity Series Real Estate Income Fund 524 31 20 -- 15 561 
Fidelity Series Short-Term Credit Fund 369 181 315 240 
Fidelity Series Small Cap Discovery Fund 1,054 23 1,099 23 (10) 32 -- 
Fidelity Series Small Cap Opportunities Fund 3,228 954 292 187 (12) (131) 3,747 
Fidelity Series Stock Selector Large Cap Value Fund 5,922 19 6,290 -- (30) 379 -- 
Fidelity Series Treasury Bill Index Fund -- 719 -- -- -- -- 719 
Fidelity Series Value Discovery Fund 4,207 469 515 -- (10) 180 4,331 
Total $111,969 $63,084 $61,330 $1,755 $798 $1,699 $116,220 

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

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $116,430) $116,220  
Total Investment in Securities (cost $116,430)  $116,220 
Receivable for investments sold  1,853 
Total assets  118,073 
Liabilities   
Payable to custodian bank $200  
Payable for investments purchased 1,653  
Total liabilities  1,853 
Net Assets  $116,220 
Net Assets consist of:   
Paid in capital  $114,169 
Total accumulated earnings (loss)  2,051 
Net Assets, for 11,430 shares outstanding  $116,220 
Net Asset Value, offering price and redemption price per share ($116,220 ÷ 11,430 shares)  $10.17 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $841 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  840 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 798  
Capital gain distributions from underlying funds:   
Affiliated issuers 914  
Total net realized gain (loss)  1,712 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,699  
Total change in net unrealized appreciation (depreciation)  1,699 
Net gain (loss)  3,411 
Net increase (decrease) in net assets resulting from operations  $4,251 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $840 $2,533 
Net realized gain (loss) 1,712 5,177 
Change in net unrealized appreciation (depreciation) 1,699 (4,330) 
Net increase (decrease) in net assets resulting from operations 4,251 3,380 
Distributions to shareholders (3,703) (7,326) 
Share transactions   
Reinvestment of distributions 3,703 7,325 
Net increase (decrease) in net assets resulting from share transactions 3,703 7,325 
Total increase (decrease) in net assets 4,251 3,379 
Net Assets   
Beginning of period 111,969 108,590 
End of period $116,220 $111,969 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 375 758 
Net increase (decrease) 375 758 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.55 $10.00 
Income from Investment Operations    
Net investment income (loss)B .07 .24 .18 
Net realized and unrealized gain (loss) .31 .04 .68 
Total from investment operations .38 .28 .86 
Distributions from net investment income (.02) (.24) (.17) 
Distributions from net realized gain (.31) (.46) (.15) 
Total distributions (.34)C (.70) (.31)D 
Net asset value, end of period $10.17 $10.13 $10.55 
Total ReturnE 3.80% 3.09% 8.63% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.47%H 2.32% 2.15%H 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $112 $109 
Portfolio turnover rateG 107%H 20% 15%H 

 A For the period June 8, 2017 (commencement of operations) to March 31, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.34 per share is comprised of distributions from net investment income of $.021 and distributions from net realized gain of $.314 per share.

 D Total distributions of $.31 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.149 per share

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds

 H Annualized

 I 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.6 
Fidelity Series Blue Chip Growth Fund 9.8 
Fidelity Series Emerging Markets Opportunities Fund 9.5 
Fidelity Series Large Cap Stock Fund 7.8 
Fidelity Series Large Cap Growth Index Fund 7.7 
Fidelity Series International Value Fund 7.1 
Fidelity Series International Growth Fund 7.1 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Small Cap Opportunities Fund 3.9 
Fidelity Series Overseas Fund 3.7 
 75.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.9% 
   International Equity Funds 34.0% 
   Bond Funds 13.3% 
   Short-Term Funds 0.8% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 858 $11,439 
Fidelity Series Commodity Strategy Fund (a) 882 4,047 
Fidelity Series Large Cap Growth Index Fund (a) 846 9,047 
Fidelity Series Large Cap Stock Fund (a) 626 9,064 
Fidelity Series Large Cap Value Index Fund (a) 1,303 17,022 
Fidelity Series Small Cap Opportunities Fund (a) 350 4,504 
Fidelity Series Value Discovery Fund (a) 414 5,390 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $61,591)  60,513 
International Equity Funds - 34.0%   
Fidelity Series Canada Fund (a) 113 1,256 
Fidelity Series Emerging Markets Fund (a) 135 1,240 
Fidelity Series Emerging Markets Opportunities Fund (a) 597 11,095 
Fidelity Series International Growth Fund (a) 507 8,299 
Fidelity Series International Index Fund (a) 271 2,729 
Fidelity Series International Small Cap Fund (a) 153 2,464 
Fidelity Series International Value Fund (a) 876 8,322 
Fidelity Series Overseas Fund (a) 428 4,246 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $39,782)  39,651 
Bond Funds - 13.3%   
Fidelity Series Corporate Bond Fund (a) 148 1,587 
Fidelity Series Emerging Markets Debt Fund (a) 85 803 
Fidelity Series Floating Rate High Income Fund (a) 19 177 
Fidelity Series Government Bond Index Fund (a) 206 2,197 
Fidelity Series High Income Fund (a) 93 884 
Fidelity Series Inflation-Protected Bond Index Fund (a) 233 2,348 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Investment Grade Bond Fund (a) 199 2,307 
Fidelity Series Investment Grade Securitized Fund (a) 151 1,574 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 300 3,004 
Fidelity Series Real Estate Income Fund (a) 50 565 
TOTAL BOND FUNDS   
(Cost $14,989)  15,497 
Short-Term Funds - 0.8%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 195 195 
Fidelity Series Short-Term Credit Fund (a) 19 195 
Fidelity Series Treasury Bill Index Fund (a) 58 582 
TOTAL SHORT-TERM FUNDS   
(Cost $968)  972 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,330)  116,633 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,634 

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 All-Sector Equity Fund $2,455 $6 $2,608 $-- $(386) $533 $-- 
Fidelity Series Blue Chip Growth Fund 4,428 8,348 756 414 35 (616) 11,439 
Fidelity Series Canada Fund 1,034 166 24 -- 79 1,256 
Fidelity Series Commodity Strategy Fund 3,359 986 143 36 (11) (144) 4,047 
Fidelity Series Corporate Bond Fund -- 1,583 -- -- 1,587 
Fidelity Series Emerging Markets Debt Fund 789 51 21 24 (1) (15) 803 
Fidelity Series Emerging Markets Fund 1,056 252 -- -- -- (68) 1,240 
Fidelity Series Emerging Markets Opportunities Fund 9,551 1,528 13 -- 28 11,095 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 177 
Fidelity Series Government Bond Index Fund -- 2,189 -- -- 2,197 
Fidelity Series Government Money Market Fund 2.07% 1,485 633 1,923 18 -- -- 195 
Fidelity Series Growth Company Fund 8,966 56 9,369 -- 816 (469) -- 
Fidelity Series High Income Fund 848 40 13 29 -- 884 
Fidelity Series Inflation-Protected Bond Index Fund 338 1,998 -- -- 12 2,348 
Fidelity Series International Credit Fund 48 -- -- 51 
Fidelity Series International Growth Fund 9,635 630 2,759 -- 171 622 8,299 
Fidelity Series International Index Fund -- 2,753 -- -- -- (24) 2,729 
Fidelity Series International Small Cap Fund 2,311 240 175 -- (18) 106 2,464 
Fidelity Series International Value Fund 9,573 1,106 2,625 -- (181) 449 8,322 
Fidelity Series Intrinsic Opportunities Fund 11,016 585 11,184 422 (778) 361 -- 
Fidelity Series Investment Grade Bond Fund 3,587 3,524 4,937 68 59 74 2,307 
Fidelity Series Investment Grade Securitized Fund -- 1,573 -- -- 1,574 
Fidelity Series Large Cap Growth Index Fund -- 9,409 292 -- (2) (68) 9,047 
Fidelity Series Large Cap Stock Fund 9,550 656 1,064 431 (12) (66) 9,064 
Fidelity Series Large Cap Value Index Fund 2,669 15,043 771 -- 13 68 17,022 
Fidelity Series Long-Term Treasury Bond Index Fund 6,480 496 4,715 80 530 213 3,004 
Fidelity Series Opportunistic Insights Fund 4,822 52 5,115 -- 292 (51) -- 
Fidelity Series Overseas Fund -- 4,247 -- -- -- (1) 4,246 
Fidelity Series Real Estate Income Fund 529 32 11 20 -- 15 565 
Fidelity Series Short-Term Credit Fund 372 139 321 195 
Fidelity Series Small Cap Discovery Fund 1,296 28 1,353 28 (22) 51 -- 
Fidelity Series Small Cap Opportunities Fund 3,958 1,183 459 230 (33) (145) 4,504 
Fidelity Series Stock Selector Large Cap Value Fund 7,274 -- 7,701 -- (56) 483 -- 
Fidelity Series Treasury Bill Index Fund -- 587 -- -- -- 582 
Fidelity Series Value Discovery Fund 5,137 582 538 -- (10) 219 5,390 
Total $112,735 $60,709 $58,895 $1,815 $411 $1,673 $116,633 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,330) $116,633  
Total Investment in Securities (cost $117,330)  $116,633 
Receivable for investments sold  1,573 
Total assets  118,206 
Liabilities   
Payable for investments purchased $1,572  
Total liabilities  1,572 
Net Assets  $116,634 
Net Assets consist of:   
Paid in capital  $115,415 
Total accumulated earnings (loss)  1,219 
Net Assets, for 11,554 shares outstanding  $116,634 
Net Asset Value, offering price and redemption price per share ($116,634 ÷ 11,554 shares)  $10.09 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $691 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  690 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 411  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,124  
Total net realized gain (loss)  1,535 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,673  
Total change in net unrealized appreciation (depreciation)  1,673 
Net gain (loss)  3,208 
Net increase (decrease) in net assets resulting from operations  $3,898 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $690 $2,379 
Net realized gain (loss) 1,535 6,169 
Change in net unrealized appreciation (depreciation) 1,673 (5,564) 
Net increase (decrease) in net assets resulting from operations 3,898 2,984 
Distributions to shareholders (4,356) (7,779) 
Share transactions   
Reinvestment of distributions 4,356 7,779 
Net increase (decrease) in net assets resulting from share transactions 4,356 7,779 
Total increase (decrease) in net assets 3,898 2,984 
Net Assets   
Beginning of period 112,736 109,752 
End of period $116,634 $112,736 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 442 805 
Net increase (decrease) 442 805 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.15 $10.65 $10.00 
Income from Investment Operations    
Net investment income (loss)B .06 .22 .17 
Net realized and unrealized gain (loss) .27 .02 .81 
Total from investment operations .33 .24 .98 
Distributions from net investment income (.01) (.22) (.16) 
Distributions from net realized gain (.38) (.52) (.16) 
Total distributions (.39) (.74) (.33)C 
Net asset value, end of period $10.09 $10.15 $10.65 
Total ReturnD 3.37% 2.75% 9.77% 
Ratios to Average Net AssetsE,F    
Expenses before reductions - %G,H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %G 
Expenses net of all reductions - %G,H - %H - %G 
Net investment income (loss) 1.20%G 2.16% 2.02%G 
Supplemental Data    
Net assets, end of period (000 omitted) $117 $113 $110 
Portfolio turnover rateF 103%G 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 of $.33 per share is comprised of distributions from net investment income of $.164 and distributions from net realized gain of $.164 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.7 
Fidelity Series Blue Chip Growth Fund 10.8 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 942 $12,552 
Fidelity Series Commodity Strategy Fund (a) 890 4,085 
Fidelity Series Large Cap Growth Index Fund (a) 909 9,719 
Fidelity Series Large Cap Stock Fund (a) 686 9,939 
Fidelity Series Large Cap Value Index Fund (a) 1,400 18,287 
Fidelity Series Small Cap Opportunities Fund (a) 376 4,838 
Fidelity Series Value Discovery Fund (a) 445 5,791 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,356)  65,211 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 122 1,346 
Fidelity Series Emerging Markets Fund (a) 142 1,308 
Fidelity Series Emerging Markets Opportunities Fund (a) 630 11,704 
Fidelity Series International Growth Fund (a) 543 8,893 
Fidelity Series International Index Fund (a) 290 2,925 
Fidelity Series International Small Cap Fund (a) 164 2,640 
Fidelity Series International Value Fund (a) 939 8,918 
Fidelity Series Overseas Fund (a) 459 4,550 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,442)  42,284 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 85 800 
Fidelity Series Floating Rate High Income Fund (a) 19 177 
Fidelity Series High Income Fund (a) 93 880 
Fidelity Series Inflation-Protected Bond Index Fund (a) 181 1,824 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,992 
Fidelity Series Real Estate Income Fund (a) 50 562 
TOTAL BOND FUNDS   
(Cost $6,936)  7,286 
Short-Term Funds - 1.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 288 288 
Fidelity Series Short-Term Credit Fund (a) 29 288 
Fidelity Series Treasury Bill Index Fund (a) 86 860 
TOTAL SHORT-TERM FUNDS   
(Cost $1,431)  1,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,165)  116,217 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,218 

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 All-Sector Equity Fund $2,621 $68 $2,854 $-- $(410) $575 $-- 
Fidelity Series Blue Chip Growth Fund 4,723 8,919 460 446 40 (670) 12,552 
Fidelity Series Canada Fund 1,094 172 -- -- 84 1,346 
Fidelity Series Commodity Strategy Fund 3,356 981 96 36 (12) (144) 4,085 
Fidelity Series Emerging Markets Debt Fund 789 53 25 24 (2) (15) 800 
Fidelity Series Emerging Markets Fund 1,103 274 -- -- -- (69) 1,308 
Fidelity Series Emerging Markets Opportunities Fund 9,972 1,707 -- -- -- 25 11,704 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 177 
Fidelity Series Government Money Market Fund 2.07% 783 573 1,068 11 -- -- 288 
Fidelity Series Growth Company Fund 9,575 43 9,991 -- 862 (489) -- 
Fidelity Series High Income Fund 847 42 18 29 -- 880 
Fidelity Series Inflation-Protected Bond Index Fund 337 1,487 -- 1,824 
Fidelity Series International Credit Fund 48 -- -- 51 
Fidelity Series International Growth Fund 10,196 701 2,844 -- 159 681 8,893 
Fidelity Series International Index Fund -- 2,950 -- -- -- (25) 2,925 
Fidelity Series International Small Cap Fund 2,446 271 171 -- (15) 109 2,640 
Fidelity Series International Value Fund 10,129 1,021 2,508 -- (182) 458 8,918 
Fidelity Series Intrinsic Opportunities Fund 11,763 700 12,014 455 (881) 432 -- 
Fidelity Series Investment Grade Bond Fund 957 97 1,094 13 51 (11) -- 
Fidelity Series Large Cap Growth Index Fund -- 10,138 343 -- (3) (73) 9,719 
Fidelity Series Large Cap Stock Fund 10,196 809 976 463 (20) (70) 9,939 
Fidelity Series Large Cap Value Index Fund 2,844 16,233 876 -- 11 75 18,287 
Fidelity Series Long-Term Treasury Bond Index Fund 3,984 416 1,836 49 127 301 2,992 
Fidelity Series Opportunistic Insights Fund 5,149 60 5,465 -- 306 (50) -- 
Fidelity Series Overseas Fund -- 4,548 -- -- -- 4,550 
Fidelity Series Real Estate Income Fund 528 34 15 20 -- 15 562 
Fidelity Series Short-Term Credit Fund 196 155 65 -- 288 
Fidelity Series Small Cap Discovery Fund 1,377 30 1,434 30 (30) 57 -- 
Fidelity Series Small Cap Opportunities Fund 4,226 1,267 462 248 (39) (154) 4,838 
Fidelity Series Stock Selector Large Cap Value Fund 7,766 -- 8,227 -- (56) 517 -- 
Fidelity Series Treasury Bill Index Fund -- 860 -- -- -- -- 860 
Fidelity Series Value Discovery Fund 5,500 648 580 -- (14) 237 5,791 
Total $112,674 $55,265 $53,433 $1,834 $(108) $1,819 $116,217 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,165) $116,217  
Total Investment in Securities (cost $117,165)  $116,217 
Receivable for investments sold  1,422 
Total assets  117,639 
Liabilities   
Payable to custodian bank $87  
Payable for investments purchased 1,334  
Total liabilities  1,421 
Net Assets  $116,218 
Net Assets consist of:   
Paid in capital  $115,738 
Total accumulated earnings (loss)  480 
Net Assets, for 11,592 shares outstanding  $116,218 
Net Asset Value, offering price and redemption price per share ($116,218 ÷ 11,592 shares)  $10.03 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $624 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  623 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (108)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,210  
Total net realized gain (loss)  1,102 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,819  
Total change in net unrealized appreciation (depreciation)  1,819 
Net gain (loss)  2,921 
Net increase (decrease) in net assets resulting from operations  $3,544 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $623 $2,345 
Net realized gain (loss) 1,102 6,501 
Change in net unrealized appreciation (depreciation) 1,819 (6,056) 
Net increase (decrease) in net assets resulting from operations 3,544 2,790 
Distributions to shareholders (4,562) (7,876) 
Share transactions   
Reinvestment of distributions 4,562 7,876 
Net increase (decrease) in net assets resulting from share transactions 4,562 7,876 
Total increase (decrease) in net assets 3,544 2,790 
Net Assets   
Beginning of period 112,674 109,884 
End of period $116,218 $112,674 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 465 818 
Net increase (decrease) 465 818 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .17 
Net realized and unrealized gain (loss) .26 C .82 
Total from investment operations .31 .22 .99 
Distributions from net investment income (.01) (.22) (.17) 
Distributions from net realized gain (.40) (.53) (.17) 
Total distributions (.41) (.75) (.33)D 
Net asset value, end of period $10.03 $10.13 $10.66 
Total ReturnE 3.15% 2.57% 9.89% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.08%H 2.13% 2.01%H 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $113 $110 
Portfolio turnover rateG 93%H 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 of $.33 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.165 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Growth Index Fund 8.6 
Fidelity Series Large Cap Stock Fund 8.4 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 922 $12,290 
Fidelity Series Commodity Strategy Fund (a) 890 4,086 
Fidelity Series Large Cap Growth Index Fund (a) 941 10,064 
Fidelity Series Large Cap Stock Fund (a) 672 9,739 
Fidelity Series Large Cap Value Index Fund (a) 1,410 18,413 
Fidelity Series Small Cap Opportunities Fund (a) 376 4,839 
Fidelity Series Value Discovery Fund (a) 445 5,792 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,356)  65,223 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 122 1,346 
Fidelity Series Emerging Markets Fund (a) 142 1,308 
Fidelity Series Emerging Markets Opportunities Fund (a) 630 11,706 
Fidelity Series International Growth Fund (a) 543 8,894 
Fidelity Series International Index Fund (a) 290 2,925 
Fidelity Series International Small Cap Fund (a) 164 2,641 
Fidelity Series International Value Fund (a) 939 8,919 
Fidelity Series Overseas Fund (a) 459 4,550 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,448)  42,289 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 85 799 
Fidelity Series Floating Rate High Income Fund (a) 19 178 
Fidelity Series High Income Fund (a) 93 879 
Fidelity Series Inflation-Protected Bond Index Fund (a) 181 1,826 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,993 
Fidelity Series Real Estate Income Fund (a) 50 561 
TOTAL BOND FUNDS   
(Cost $6,933)  7,287 
Short-Term Funds - 1.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 288 288 
Fidelity Series Short-Term Credit Fund (a) 29 288 
Fidelity Series Treasury Bill Index Fund (a) 86 860 
TOTAL SHORT-TERM FUNDS   
(Cost $1,431)  1,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,168)  116,235 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,239 

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 All-Sector Equity Fund $2,621 $6 $2,786 $-- $(418) $577 $-- 
Fidelity Series Blue Chip Growth Fund 4,733 8,920 734 447 39 (668) 12,290 
Fidelity Series Canada Fund 1,094 173 -- -- 84 1,346 
Fidelity Series Commodity Strategy Fund 3,356 981 96 36 (12) (143) 4,086 
Fidelity Series Emerging Markets Debt Fund 789 53 27 24 (2) (14) 799 
Fidelity Series Emerging Markets Fund 1,103 275 -- -- -- (70) 1,308 
Fidelity Series Emerging Markets Opportunities Fund 9,973 1,706 -- -- -- 27 11,706 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 178 
Fidelity Series Government Money Market Fund 2.07% 783 574 1,069 11 -- -- 288 
Fidelity Series Growth Company Fund 9,575 -- 9,950 -- 866 (491) -- 
Fidelity Series High Income Fund 848 42 19 29 (1) 879 
Fidelity Series Inflation-Protected Bond Index Fund 337 1,488 -- 1,826 
Fidelity Series International Credit Fund 48 -- -- 51 
Fidelity Series International Growth Fund 10,197 701 2,844 -- 159 681 8,894 
Fidelity Series International Index Fund -- 2,950 -- -- -- (25) 2,925 
Fidelity Series International Small Cap Fund 2,446 271 170 -- (15) 109 2,641 
Fidelity Series International Value Fund 10,131 1,020 2,508 -- (182) 458 8,919 
Fidelity Series Intrinsic Opportunities Fund 11,764 689 12,003 456 (867) 417 -- 
Fidelity Series Investment Grade Bond Fund 957 98 1,095 13 51 (11) -- 
Fidelity Series Large Cap Growth Index Fund -- 10,139 -- -- -- (75) 10,064 
Fidelity Series Large Cap Stock Fund 10,197 808 1,180 462 (25) (61) 9,739 
Fidelity Series Large Cap Value Index Fund 2,845 16,214 731 -- 76 18,413 
Fidelity Series Long-Term Treasury Bond Index Fund 3,985 416 1,837 49 127 302 2,993 
Fidelity Series Opportunistic Insights Fund 5,159 88 5,505 -- 301 (43) -- 
Fidelity Series Overseas Fund -- 4,548 -- -- -- 4,550 
Fidelity Series Real Estate Income Fund 528 34 16 20 -- 15 561 
Fidelity Series Short-Term Credit Fund 196 155 65 -- 288 
Fidelity Series Small Cap Discovery Fund 1,379 30 1,439 30 (21) 51 -- 
Fidelity Series Small Cap Opportunities Fund 4,227 1,270 466 248 (38) (154) 4,839 
Fidelity Series Stock Selector Large Cap Value Fund 7,748 -- 8,204 -- (63) 519 -- 
Fidelity Series Treasury Bill Index Fund -- 860 -- -- -- -- 860 
Fidelity Series Value Discovery Fund 5,501 649 580 -- (15) 237 5,792 
Total $112,689 $55,167 $53,335 $1,835 $(107) $1,821 $116,235 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,168) $116,235  
Total Investment in Securities (cost $117,168)  $116,235 
Receivable for investments sold  1,588 
Total assets  117,823 
Liabilities   
Payable to custodian bank $254  
Payable for investments purchased 1,330  
Total liabilities  1,584 
Net Assets  $116,239 
Net Assets consist of:   
Paid in capital  $115,727 
Total accumulated earnings (loss)  512 
Net Assets, for 11,590 shares outstanding  $116,239 
Net Asset Value, offering price and redemption price per share ($116,239 ÷ 11,590 shares)  $10.03 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $624 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  623 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (107)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,211  
Total net realized gain (loss)  1,104 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,821  
Total change in net unrealized appreciation (depreciation)  1,821 
Net gain (loss)  2,925 
Net increase (decrease) in net assets resulting from operations  $3,548 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $623 $2,345 
Net realized gain (loss) 1,104 6,517 
Change in net unrealized appreciation (depreciation) 1,821 (6,075) 
Net increase (decrease) in net assets resulting from operations 3,548 2,787 
Distributions to shareholders (4,551) (7,856) 
Share transactions   
Reinvestment of distributions 4,551 7,856 
Net increase (decrease) in net assets resulting from share transactions 4,551 7,856 
Total increase (decrease) in net assets 3,548 2,787 
Net Assets   
Beginning of period 112,691 109,904 
End of period $116,239 $112,691 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 463 816 
Net increase (decrease) 463 816 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .17 
Net realized and unrealized gain (loss) .26 C .82 
Total from investment operations .31 .22 .99 
Distributions from net investment income (.01) (.22) (.17) 
Distributions from net realized gain (.40) (.53) (.17) 
Total distributions (.41) (.75) (.33)D 
Net asset value, end of period $10.03 $10.13 $10.66 
Total ReturnE 3.14% 2.55% 9.91% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.08%H 2.13% 2.00%H 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $113 $110 
Portfolio turnover rate G 93%H 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 of $.33 per share is comprised of distributions from net investment income of $.166 and distributions from net realized gain of $.166 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.7 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.6 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.1 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 922 $12,288 
Fidelity Series Commodity Strategy Fund (a) 890 4,085 
Fidelity Series Large Cap Growth Index Fund (a) 909 9,719 
Fidelity Series Large Cap Stock Fund (a) 689 9,987 
Fidelity Series Large Cap Value Index Fund (a) 1,400 18,286 
Fidelity Series Small Cap Opportunities Fund (a) 379 4,881 
Fidelity Series Value Discovery Fund (a) 458 5,962 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,357)  65,208 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 122 1,346 
Fidelity Series Emerging Markets Fund (a) 142 1,308 
Fidelity Series Emerging Markets Opportunities Fund (a) 630 11,704 
Fidelity Series International Growth Fund (a) 543 8,893 
Fidelity Series International Index Fund (a) 290 2,925 
Fidelity Series International Small Cap Fund (a) 164 2,640 
Fidelity Series International Value Fund (a) 939 8,918 
Fidelity Series Overseas Fund (a) 459 4,550 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,445)  42,284 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 85 801 
Fidelity Series Floating Rate High Income Fund (a) 19 177 
Fidelity Series High Income Fund (a) 93 881 
Fidelity Series Inflation-Protected Bond Index Fund (a) 181 1,824 
Fidelity Series International Credit Fund (a) 51 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,992 
Fidelity Series Real Estate Income Fund (a) 50 563 
TOTAL BOND FUNDS   
(Cost $6,936)  7,289 
Short-Term Funds - 1.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 288 288 
Fidelity Series Short-Term Credit Fund (a) 29 288 
Fidelity Series Treasury Bill Index Fund (a) 86 860 
TOTAL SHORT-TERM FUNDS   
(Cost $1,431)  1,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,169)  116,217 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,217 

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 All-Sector Equity Fund $2,621 $-- $2,782 $-- $(415) $576 $-- 
Fidelity Series Blue Chip Growth Fund 4,724 8,909 713 451 28 (660) 12,288 
Fidelity Series Canada Fund 1,094 168 -- -- -- 84 1,346 
Fidelity Series Commodity Strategy Fund 3,356 980 95 36 (12) (144) 4,085 
Fidelity Series Emerging Markets Debt Fund 789 53 25 24 (1) (15) 801 
Fidelity Series Emerging Markets Fund 1,103 274 -- -- -- (69) 1,308 
Fidelity Series Emerging Markets Opportunities Fund 9,972 1,707 -- -- -- 25 11,704 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 177 
Fidelity Series Government Money Market Fund 2.07% 783 573 1,068 11 -- -- 288 
Fidelity Series Growth Company Fund 9,575 -- 9,956 -- 871 (490) -- 
Fidelity Series High Income Fund 847 42 16 29 (1) 881 
Fidelity Series Inflation-Protected Bond Index Fund 337 1,486 -- 1,824 
Fidelity Series International Credit Fund 48 -- -- 51 
Fidelity Series International Growth Fund 10,196 701 2,844 -- 158 682 8,893 
Fidelity Series International Index Fund -- 2,950 -- -- -- (25) 2,925 
Fidelity Series International Small Cap Fund 2,446 269 170 -- (15) 110 2,640 
Fidelity Series International Value Fund 10,130 1,020 2,508 -- (182) 458 8,918 
Fidelity Series Intrinsic Opportunities Fund 11,762 704 12,014 455 (863) 411 -- 
Fidelity Series Investment Grade Bond Fund 957 96 1,093 13 51 (11) -- 
Fidelity Series Large Cap Growth Index Fund -- 10,139 344 -- (3) (73) 9,719 
Fidelity Series Large Cap Stock Fund 10,196 807 924 462 (25) (67) 9,987 
Fidelity Series Large Cap Value Index Fund 2,845 16,232 876 -- 10 75 18,286 
Fidelity Series Long-Term Treasury Bond Index Fund 3,984 416 1,836 49 125 303 2,992 
Fidelity Series Opportunistic Insights Fund 5,149 90 5,495 -- 308 (52) -- 
Fidelity Series Overseas Fund -- 4,548 -- -- -- 4,550 
Fidelity Series Real Estate Income Fund 528 34 14 20 -- 15 563 
Fidelity Series Short-Term Credit Fund 196 157 67 -- 288 
Fidelity Series Small Cap Discovery Fund 1,377 31 1,435 30 (30) 57 -- 
Fidelity Series Small Cap Opportunities Fund 4,226 1,323 476 248 (34) (158) 4,881 
Fidelity Series Stock Selector Large Cap Value Fund 7,766 -- 8,226 -- (61) 521 -- 
Fidelity Series Treasury Bill Index Fund -- 860 -- -- -- -- 860 
Fidelity Series Value Discovery Fund 5,500 556 314 -- (11) 231 5,962 
Total $112,676 $55,134 $53,297 $1,838 $(102) $1,806 $116,217 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,169) $116,217  
Total Investment in Securities (cost $117,169)  $116,217 
Receivable for investments sold  1,336 
Total assets  117,553 
Liabilities   
Payable for investments purchased $1,336  
Total liabilities  1,336 
Net Assets  $116,217 
Net Assets consist of:   
Paid in capital  $115,728 
Total accumulated earnings (loss)  489 
Net Assets, for 11,591 shares outstanding  $116,217 
Net Asset Value, offering price and redemption price per share ($116,217 ÷ 11,591 shares)  $10.03 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $623 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  622 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (102)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,215  
Total net realized gain (loss)  1,113 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,806  
Total change in net unrealized appreciation (depreciation)  1,806 
Net gain (loss)  2,919 
Net increase (decrease) in net assets resulting from operations  $3,541 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $622 $2,344 
Net realized gain (loss) 1,113 6,504 
Change in net unrealized appreciation (depreciation) 1,806 (6,065) 
Net increase (decrease) in net assets resulting from operations 3,541 2,783 
Distributions to shareholders (4,572) (7,855) 
Share transactions   
Reinvestment of distributions 4,572 7,855 
Net increase (decrease) in net assets resulting from share transactions 4,572 7,855 
Total increase (decrease) in net assets 3,541 2,783 
Net Assets   
Beginning of period 112,676 109,893 
End of period $116,217 $112,676 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 466 816 
Net increase (decrease) 466 816 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .17 
Net realized and unrealized gain (loss) .26 C .82 
Total from investment operations .31 .22 .99 
Distributions from net investment income (.01) (.22) (.17) 
Distributions from net realized gain (.40) (.53) (.16) 
Total distributions (.41) (.75) (.33) 
Net asset value, end of period $10.03 $10.13 $10.66 
Total ReturnD 3.16% 2.55% 9.89% 
Ratios to Average Net AssetsE,F    
Expenses before reductions - %G,H - %H - %G 
Expenses net of fee waivers, if any - %G,H - %H - %G 
Expenses net of all reductions - %G,H - %H - %G 
Net investment income (loss) 1.08%G 2.13% 2.00%G 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $113 $110 
Portfolio turnover rateF 93%G 20% 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 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 Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Growth Index Fund 8.6 
Fidelity Series Large Cap Stock Fund 8.4 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 922 $12,289 
Fidelity Series Commodity Strategy Fund (a) 890 4,086 
Fidelity Series Large Cap Growth Index Fund (a) 941 10,064 
Fidelity Series Large Cap Stock Fund (a) 672 9,739 
Fidelity Series Large Cap Value Index Fund (a) 1,410 18,419 
Fidelity Series Small Cap Opportunities Fund (a) 376 4,838 
Fidelity Series Value Discovery Fund (a) 445 5,791 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,378)  65,226 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 122 1,346 
Fidelity Series Emerging Markets Fund (a) 142 1,308 
Fidelity Series Emerging Markets Opportunities Fund (a) 630 11,706 
Fidelity Series International Growth Fund (a) 543 8,894 
Fidelity Series International Index Fund (a) 290 2,925 
Fidelity Series International Small Cap Fund (a) 164 2,641 
Fidelity Series International Value Fund (a) 939 8,919 
Fidelity Series Overseas Fund (a) 459 4,550 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,448)  42,289 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 85 800 
Fidelity Series Floating Rate High Income Fund (a) 19 178 
Fidelity Series High Income Fund (a) 93 880 
Fidelity Series Inflation-Protected Bond Index Fund (a) 181 1,829 
Fidelity Series International Credit Fund (a) 38 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,993 
Fidelity Series Real Estate Income Fund (a) 50 562 
TOTAL BOND FUNDS   
(Cost $6,929)  7,280 
Short-Term Funds - 1.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 288 288 
Fidelity Series Short-Term Credit Fund (a) 29 288 
Fidelity Series Treasury Bill Index Fund (a) 86 860 
TOTAL SHORT-TERM FUNDS   
(Cost $1,431)  1,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,186)  116,231 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $116,234 

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 All-Sector Equity Fund $2,621 $4 $2,785 $-- $(415) $575 $-- 
Fidelity Series Blue Chip Growth Fund 4,724 8,865 664 451 30 (666) 12,289 
Fidelity Series Canada Fund 1,094 185 18 -- -- 85 1,346 
Fidelity Series Commodity Strategy Fund 3,356 979 93 36 (12) (144) 4,086 
Fidelity Series Emerging Markets Debt Fund 789 53 26 24 (2) (14) 800 
Fidelity Series Emerging Markets Fund 1,103 275 -- -- -- (70) 1,308 
Fidelity Series Emerging Markets Opportunities Fund 9,975 1,704 -- -- -- 27 11,706 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 178 
Fidelity Series Government Money Market Fund 2.07% 784 563 1,059 11 -- -- 288 
Fidelity Series Growth Company Fund 9,575 51 10,000 -- 865 (491) -- 
Fidelity Series High Income Fund 849 41 18 29 (1) 880 
Fidelity Series Inflation-Protected Bond Index Fund 339 1,487 -- 1,829 
Fidelity Series International Credit Fund 36 -- -- -- -- 38 
Fidelity Series International Growth Fund 10,198 700 2,845 -- 160 681 8,894 
Fidelity Series International Index Fund -- 2,950 -- -- -- (25) 2,925 
Fidelity Series International Small Cap Fund 2,446 271 170 -- (15) 109 2,641 
Fidelity Series International Value Fund 10,131 1,016 2,504 -- (182) 458 8,919 
Fidelity Series Intrinsic Opportunities Fund 11,763 683 11,998 456 (865) 417 -- 
Fidelity Series Investment Grade Bond Fund 958 95 1,094 13 52 (11) -- 
Fidelity Series Large Cap Growth Index Fund -- 10,139 -- -- -- (75) 10,064 
Fidelity Series Large Cap Stock Fund 10,208 753 1,134 463 (25) (63) 9,739 
Fidelity Series Large Cap Value Index Fund 2,845 16,235 747 -- 12 74 18,419 
Fidelity Series Long-Term Treasury Bond Index Fund 3,987 414 1,836 49 125 303 2,993 
Fidelity Series Opportunistic Insights Fund 5,160 71 5,488 -- 307 (50) -- 
Fidelity Series Overseas Fund -- 4,549 -- -- -- 4,550 
Fidelity Series Real Estate Income Fund 530 32 15 20 -- 15 562 
Fidelity Series Short-Term Credit Fund 197 162 73 -- 288 
Fidelity Series Small Cap Discovery Fund 1,377 30 1,437 30 (26) 56 -- 
Fidelity Series Small Cap Opportunities Fund 4,238 1,327 542 248 (33) (152) 4,838 
Fidelity Series Stock Selector Large Cap Value Fund 7,736 -- 8,186 -- (67) 517 -- 
Fidelity Series Treasury Bill Index Fund -- 860 -- -- -- -- 860 
Fidelity Series Value Discovery Fund 5,501 612 542 -- (15) 235 5,791 
Total $112,689 $55,115 $53,278 $1,839 $(107) $1,812 $116,231 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,186) $116,231  
Total Investment in Securities (cost $117,186)  $116,231 
Receivable for investments sold  1,579 
Total assets  117,810 
Liabilities   
Payable to custodian bank $250  
Payable for investments purchased 1,326  
Total liabilities  1,576 
Net Assets  $116,234 
Net Assets consist of:   
Paid in capital  $115,739 
Total accumulated earnings (loss)  495 
Net Assets, for 11,592 shares outstanding  $116,234 
Net Asset Value, offering price and redemption price per share ($116,234 ÷ 11,592 shares)  $10.03 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $624 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  623 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (107)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,215  
Total net realized gain (loss)  1,108 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,812  
Total change in net unrealized appreciation (depreciation)  1,812 
Net gain (loss)  2,920 
Net increase (decrease) in net assets resulting from operations  $3,543 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $623 $2,346 
Net realized gain (loss) 1,108 6,527 
Change in net unrealized appreciation (depreciation) 1,812 (6,089) 
Net increase (decrease) in net assets resulting from operations 3,543 2,784 
Distributions to shareholders (4,562) (7,866) 
Share transactions   
Reinvestment of distributions 4,562 7,866 
Net increase (decrease) in net assets resulting from share transactions 4,562 7,866 
Total increase (decrease) in net assets 3,543 2,784 
Net Assets   
Beginning of period 112,691 109,907 
End of period $116,234 $112,691 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 465 817 
Net increase (decrease) 465 817 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .17 
Net realized and unrealized gain (loss) .26 C .82 
Total from investment operations .31 .22 .99 
Distributions from net investment income (.01) (.22) (.17) 
Distributions from net realized gain (.40) (.53) (.17) 
Total distributions (.41) (.75) (.33)D 
Net asset value, end of period $10.03 $10.13 $10.66 
Total ReturnE 3.15% 2.56% 9.90% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.08%H 2.13% 2.00%H 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $113 $110 
Portfolio turnover rateG 93%H 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 of $.33 per share is comprised of distributions from net investment income of $.166 and distributions from net realized gain of $.165 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.7 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.6 
Fidelity Series Large Cap Growth Index Fund 8.5 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 922 $12,289 
Fidelity Series Commodity Strategy Fund (a) 890 4,086 
Fidelity Series Large Cap Growth Index Fund (a) 930 9,945 
Fidelity Series Large Cap Stock Fund (a) 689 9,988 
Fidelity Series Large Cap Value Index Fund (a) 1,400 18,288 
Fidelity Series Small Cap Opportunities Fund (a) 376 4,838 
Fidelity Series Value Discovery Fund (a) 445 5,791 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $66,365)  65,225 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 122 1,346 
Fidelity Series Emerging Markets Fund (a) 142 1,308 
Fidelity Series Emerging Markets Opportunities Fund (a) 630 11,705 
Fidelity Series International Growth Fund (a) 543 8,893 
Fidelity Series International Index Fund (a) 290 2,925 
Fidelity Series International Small Cap Fund (a) 164 2,641 
Fidelity Series International Value Fund (a) 939 8,918 
Fidelity Series Overseas Fund (a) 459 4,550 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $42,446)  42,286 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 85 799 
Fidelity Series Floating Rate High Income Fund (a) 19 177 
Fidelity Series High Income Fund (a) 93 880 
Fidelity Series Inflation-Protected Bond Index Fund (a) 181 1,829 
Fidelity Series International Credit Fund (a) 38 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 299 2,993 
Fidelity Series Real Estate Income Fund (a) 50 562 
TOTAL BOND FUNDS   
(Cost $6,926)  7,278 
Short-Term Funds - 1.2%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 288 288 
Fidelity Series Short-Term Credit Fund (a) 29 288 
Fidelity Series Treasury Bill Index Fund (a) 86 860 
TOTAL SHORT-TERM FUNDS   
(Cost $1,431)  1,436 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $117,168)  116,225 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (3) 
NET ASSETS - 100%  $116,222 

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 All-Sector Equity Fund $2,621 $-- $2,780 $-- $(423) $582 $-- 
Fidelity Series Blue Chip Growth Fund 4,733 8,854 663 453 30 (665) 12,289 
Fidelity Series Canada Fund 1,092 172 -- -- 84 1,346 
Fidelity Series Commodity Strategy Fund 3,356 979 94 36 (11) (144) 4,086 
Fidelity Series Emerging Markets Debt Fund 789 53 27 24 (2) (14) 799 
Fidelity Series Emerging Markets Fund 1,103 274 -- -- -- (69) 1,308 
Fidelity Series Emerging Markets Opportunities Fund 9,975 1,705 -- -- -- 25 11,705 
Fidelity Series Floating Rate High Income Fund 169 -- -- -- 177 
Fidelity Series Government Money Market Fund 2.07% 784 544 1,040 11 -- -- 288 
Fidelity Series Growth Company Fund 9,574 -- 9,948 -- 867 (493) -- 
Fidelity Series High Income Fund 849 41 19 29 (0) 880 
Fidelity Series Inflation-Protected Bond Index Fund 339 1,488 -- 1,829 
Fidelity Series International Credit Fund 36 -- -- -- -- 38 
Fidelity Series International Growth Fund 10,197 701 2,845 -- 161 679 8,893 
Fidelity Series International Index Fund -- 2,951 -- -- -- (26) 2,925 
Fidelity Series International Small Cap Fund 2,451 271 175 -- (20) 114 2,641 
Fidelity Series International Value Fund 10,128 1,018 2,504 -- (181) 457 8,918 
Fidelity Series Intrinsic Opportunities Fund 11,763 705 12,016 455 (861) 409 -- 
Fidelity Series Investment Grade Bond Fund 958 96 1,094 13 51 (11) -- 
Fidelity Series Large Cap Growth Index Fund -- 10,139 119 -- (1) (74) 9,945 
Fidelity Series Large Cap Stock Fund 10,197 809 929 463 (21) (68) 9,988 
Fidelity Series Large Cap Value Index Fund 2,845 16,234 876 -- 11 74 18,288 
Fidelity Series Long-Term Treasury Bond Index Fund 3,986 414 1,837 49 127 303 2,993 
Fidelity Series Opportunistic Insights Fund 5,159 60 5,476 -- 300 (43) -- 
Fidelity Series Overseas Fund -- 4,548 -- -- -- 4,550 
Fidelity Series Real Estate Income Fund 530 32 15 20 -- 15 562 
Fidelity Series Short-Term Credit Fund 197 217 128 -- 288 
Fidelity Series Small Cap Discovery Fund 1,379 34 1,443 30 (26) 56 -- 
Fidelity Series Small Cap Opportunities Fund 4,226 1,323 518 248 (39) (154) 4,838 
Fidelity Series Stock Selector Large Cap Value Fund 7,748 -- 8,203 -- (61) 516 -- 
Fidelity Series Treasury Bill Index Fund -- 860 -- -- -- -- 860 
Fidelity Series Value Discovery Fund 5,501 604 537 -- (12) 235 5,791 
Total $112,685 $55,134 $53,293 $1,840 $(111) $1,810 $116,225 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $117,168) $116,225  
Total Investment in Securities (cost $117,168)  $116,225 
Receivable for investments sold  1,870 
Total assets  118,095 
Liabilities   
Payable to custodian bank $506  
Payable for investments purchased 1,367  
Total liabilities  1,873 
Net Assets  $116,222 
Net Assets consist of:   
Paid in capital  $115,726 
Total accumulated earnings (loss)  496 
Net Assets, for 11,591 shares outstanding  $116,222 
Net Asset Value, offering price and redemption price per share ($116,222 ÷ 11,591 shares)  $10.03 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $624 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  623 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (111)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,216  
Total net realized gain (loss)  1,105 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,810  
Total change in net unrealized appreciation (depreciation)  1,810 
Net gain (loss)  2,915 
Net increase (decrease) in net assets resulting from operations  $3,538 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) Year ended March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $623 $2,345 
Net realized gain (loss) 1,105 6,527 
Change in net unrealized appreciation (depreciation) 1,810 (6,092) 
Net increase (decrease) in net assets resulting from operations 3,538 2,780 
Distributions to shareholders (4,572) (7,855) 
Share transactions   
Reinvestment of distributions 4,572 7,854 
Net increase (decrease) in net assets resulting from share transactions 4,572 7,854 
Total increase (decrease) in net assets 3,538 2,779 
Net Assets   
Beginning of period 112,684 109,905 
End of period $116,222 $112,684 
Other Information   
Shares   
Sold – – 
Issued in reinvestment of distributions 466 816 
Net increase (decrease) 466 816 

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,  
 2019 2019 2018 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.13 $10.66 $10.00 
Income from Investment Operations    
Net investment income (loss)B .05 .22 .17 
Net realized and unrealized gain (loss) .26 C .82 
Total from investment operations .31 .22 .99 
Distributions from net investment income (.01) (.22) (.17) 
Distributions from net realized gain (.40) (.53) (.17) 
Total distributions (.41) (.75) (.33)D 
Net asset value, end of period $10.03 $10.13 $10.66 
Total ReturnE 3.16% 2.55% 9.89% 
Ratios to Average Net AssetsF,G    
Expenses before reductions - %H,I - %I - %H 
Expenses net of fee waivers, if any - %H,I - %I - %H 
Expenses net of all reductions - %H,I - %I - %H 
Net investment income (loss) 1.08%H 2.13% 2.00%H 
Supplemental Data    
Net assets, end of period (000 omitted) $116 $113 $110 
Portfolio turnover rateG 93%H 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 of $.33 per share is comprised of distributions from net investment income of $.165 and distributions from net realized gain of $.165 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Growth Index Fund 8.6 
Fidelity Series Large Cap Stock Fund 8.4 
Fidelity Series International Value Fund 7.7 
Fidelity Series International Growth Fund 7.6 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 81.9 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.3% 
   Short-Term Funds 1.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 792 $10,553 
Fidelity Series Commodity Strategy Fund (a) 764 3,508 
Fidelity Series Large Cap Growth Index Fund (a) 808 8,642 
Fidelity Series Large Cap Stock Fund (a) 577 8,363 
Fidelity Series Large Cap Value Index Fund (a) 1,210 15,807 
Fidelity Series Small Cap Opportunities Fund (a) 323 4,155 
Fidelity Series Value Discovery Fund (a) 382 4,973 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $57,282)  56,001 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 104 1,156 
Fidelity Series Emerging Markets Fund (a) 122 1,123 
Fidelity Series Emerging Markets Opportunities Fund (a) 541 10,052 
Fidelity Series International Growth Fund (a) 467 7,637 
Fidelity Series International Index Fund (a) 249 2,512 
Fidelity Series International Small Cap Fund (a) 140 2,268 
Fidelity Series International Value Fund (a) 806 7,659 
Fidelity Series Overseas Fund (a) 394 3,907 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,616)  36,314 
Bond Funds - 6.3%   
Fidelity Series Emerging Markets Debt Fund (a) 73 686 
Fidelity Series Floating Rate High Income Fund (a) 16 152 
Fidelity Series High Income Fund (a) 80 761 
Fidelity Series Inflation-Protected Bond Index Fund (a) 156 1,572 
Fidelity Series International Credit Fund (a) 31 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 257 2,570 
Fidelity Series Real Estate Income Fund (a) 43 486 
TOTAL BOND FUNDS   
(Cost $6,091)  6,258 
Short-Term Funds - 1.2%   
Fidelity Cash Central Fund 1.96% (b) 20 20 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 247 247 
Fidelity Series Short-Term Credit Fund (a) 25 247 
Fidelity Series Treasury Bill Index Fund (a) 74 739 
TOTAL SHORT-TERM FUNDS   
(Cost $1,252)  1,253 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $101,241)  99,826 
NET OTHER ASSETS (LIABILITIES) - 0.0%  
NET ASSETS - 100%  $99,826 

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 20 
Total $20 

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 $-- $4,610 $4,653 $-- $43 $-- $-- 
Fidelity Series Blue Chip Growth Fund -- 15,700 4,465 388 (28) (654) 10,553 
Fidelity Series Canada Fund -- 2,180 1,040 -- -- 16 1,156 
Fidelity Series Commodity Strategy Fund -- 7,116 3,514 31 (11) (83) 3,508 
Fidelity Series Emerging Markets Debt Fund -- 1,410 700 10 -- (24) 686 
Fidelity Series Emerging Markets Fund -- 2,206 1,041 -- (2) (40) 1,123 
Fidelity Series Emerging Markets Opportunities Fund -- 19,697 9,389 -- -- (256) 10,052 
Fidelity Series Floating Rate High Income Fund -- 302 150 -- -- 152 
Fidelity Series Government Money Market Fund 2.07% -- 2,229 1,982 -- -- 247 
Fidelity Series Growth Company Fund -- 16,390 16,506 -- 116 -- -- 
Fidelity Series High Income Fund -- 1,513 750 13 (4) 761 
Fidelity Series Inflation-Protected Bond Index Fund -- 1,873 300 -- -- (1) 1,572 
Fidelity Series International Credit Fund -- 80 50 -- -- 31 
Fidelity Series International Growth Fund -- 18,886 11,317 -- 27 41 7,637 
Fidelity Series International Index Fund -- 2,534 -- -- -- (22) 2,512 
Fidelity Series International Small Cap Fund -- 4,463 2,181 -- (17) 2,268 
Fidelity Series International Value Fund -- 18,962 11,205 -- (48) (50) 7,659 
Fidelity Series Intrinsic Opportunities Fund -- 20,091 19,743 390 (348) -- -- 
Fidelity Series Investment Grade Bond Fund -- 1,664 1,680 16 -- -- 
Fidelity Series Large Cap Growth Index Fund -- 8,707 -- -- -- (65) 8,642 
Fidelity Series Large Cap Stock Fund -- 18,198 9,565 338 (8) (262) 8,363 
Fidelity Series Large Cap Value Index Fund -- 18,881 3,053 -- -- (21) 15,807 
Fidelity Series Long-Term Treasury Bond Index Fund -- 5,882 3,499 18 184 2,570 
Fidelity Series Opportunistic Insights Fund -- 9,072 9,034 -- (38) -- -- 
Fidelity Series Overseas Fund -- 5,315 1,410 -- (4) 3,907 
Fidelity Series Real Estate Income Fund -- 951 470 11 -- 486 
Fidelity Series Short-Term Credit Fund -- 574 328 -- 247 
Fidelity Series Small Cap Discovery Fund -- 2,310 2,338 -- 28 -- -- 
Fidelity Series Small Cap Opportunities Fund -- 8,273 3,830 212 (35) (253) 4,155 
Fidelity Series Stock Selector Large Cap Value Fund -- 13,440 13,546 -- 106 -- -- 
Fidelity Series Treasury Bill Index Fund -- 739 -- -- -- -- 739 
Fidelity Series Value Discovery Fund -- 10,076 5,160 -- -- 57 4,973 
Total $-- $244,324 $142,899 $1,426 $(204) $(1,415) $99,806 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Flex℠ Freedom Blend 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $20) $20  
Other affiliated issuers (cost $101,221) 99,806  
Total Investment in Securities (cost $101,241)  $99,826 
Receivable for investments sold  1,362 
Total assets  101,188 
Liabilities   
Payable to custodian bank $215  
Payable for investments purchased 1,147  
Total liabilities  1,362 
Net Assets  $99,826 
Net Assets consist of:   
Paid in capital  $100,000 
Total accumulated earnings (loss)  (174) 
Net Assets, for 10,000 shares outstanding  $99,826 
Net Asset Value, offering price and redemption price per share ($99,826 ÷ 10,000 shares)  $9.98 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $403 
Income from Fidelity Central Funds  20 
Total income  423 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  
Net investment income (loss)  422 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (204)  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,023  
Total net realized gain (loss)  819 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (1,415)  
Total change in net unrealized appreciation (depreciation)  (1,415) 
Net gain (loss)  (596) 
Net increase (decrease) in net assets resulting from operations  $(174) 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $422 
Net realized gain (loss) 819 
Change in net unrealized appreciation (depreciation) (1,415) 
Net increase (decrease) in net assets resulting from operations (174) 
Share transactions  
Proceeds from sales of shares 100,000 
Net increase (decrease) in net assets resulting from share transactions 100,000 
Total increase (decrease) in net assets 99,826 
Net Assets  
Beginning of period – 
End of period $99,826 
Other Information  
Shares  
Sold 10,000 
Net increase (decrease) 10,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex Freedom Blend 2065 Fund

 Six months ended (Unaudited) September 30, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .04 
Net realized and unrealized gain (loss) (.06) 
Total from investment operations (.02) 
Net asset value, end of period $9.98 
Total ReturnC (.20)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions - %F,G 
Expenses net of fee waivers, if any - %F,G 
Expenses net of all reductions - %F,G 
Net investment income (loss) 1.67% 
Supplemental Data  
Net assets, end of period (000 omitted) $100 
Portfolio turnover rateE 144%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 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 Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Amount represents less than .005%.

 G Annualized

 H Amount not annualized.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2019

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) (each formerly a Fidelity Flex Freedom Fund) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. The Funds are available only to certain fee-based accounts offered by Fidelity. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

2. Investments in Fidelity Central Funds.

The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date 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 – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

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 $109,991 $1,726 $(753) $973 
Fidelity Flex Freedom Blend 2005 Fund 111,222 1,778 (956) 822 
Fidelity Flex Freedom Blend 2010 Fund 112,340 1,823 (1,201) 622 
Fidelity Flex Freedom Blend 2015 Fund 113,407 1,866 (1,448) 418 
Fidelity Flex Freedom Blend 2020 Fund 114,197 1,864 (1,658) 206 
Fidelity Flex Freedom Blend 2025 Fund 114,993 1,864 (1,858) 
Fidelity Flex Freedom Blend 2030 Fund 116,519 1,875 (2,174) (299) 
Fidelity Flex Freedom Blend 2035 Fund 117,427 1,789 (2,583) (794) 
Fidelity Flex Freedom Blend 2040 Fund 117,295 1,710 (2,788) (1,078) 
Fidelity Flex Freedom Blend 2045 Fund 117,294 1,712 (2,771) (1,059) 
Fidelity Flex Freedom Blend 2050 Fund 117,293 1,710 (2,786) (1,076) 
Fidelity Flex Freedom Blend 2055 Fund 117,308 1,700 (2,777) (1,077) 
Fidelity Flex Freedom Blend 2060 Fund 117,296 1,705 (2,776) (1,071) 
Fidelity Flex Freedom Blend 2065 Fund 101,366 357 (1,897) (1,540) 

Certain of the Funds elected to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to March 31, 2019. Loss deferrals were as follows:

  Capital losses   
Fidelity Flex Freedom Blend 2030 Fund  $(173)   
Fidelity Flex Freedom Blend 2035 Fund  (166)   
Fidelity Flex Freedom Blend 2040 Fund  (121)   
Fidelity Flex Freedom Blend 2045 Fund  (97)   
Fidelity Flex Freedom Blend 2050 Fund  (122)   
Fidelity Flex Freedom Blend 2055 Fund  (103)   
Fidelity Flex Freedom Blend 2060 Fund  (103)   

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 59,787 58,441 
Fidelity Flex Freedom Blend 2005 Fund 60,680 59,276 
Fidelity Flex Freedom Blend 2010 Fund 60,498 59,023 
Fidelity Flex Freedom Blend 2015 Fund 60,394 58,845 
Fidelity Flex Freedom Blend 2020 Fund 60,947 59,334 
Fidelity Flex Freedom Blend 2025 Fund 62,040 60,375 
Fidelity Flex Freedom Blend 2030 Fund 63,084 61,330 
Fidelity Flex Freedom Blend 2035 Fund 60,709 58,895 
Fidelity Flex Freedom Blend 2040 Fund 55,265 53,433 
Fidelity Flex Freedom Blend 2045 Fund 55,167 53,335 
Fidelity Flex Freedom Blend 2050 Fund 55,134 53,297 
Fidelity Flex Freedom Blend 2055 Fund 55,115 53,278 
Fidelity Flex Freedom Blend 2060 Fund 55,134 53,293 
Fidelity Flex Freedom Blend 2065 Fund 244,324 142,899 

5. Fees and Other Transactions with Affiliates.

Management Fee. FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services and the Funds do not pay any fees for these services. Under the management contract, the investment adviser or an affiliate pays all other expenses of the Funds, excluding fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

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 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The 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, 2019 to September 30, 2019) for each fund, with the exception of Fidelity Flex Freedom Blend 2065 and for the period (June 28, 2019 to September 30, 2019) for Fidelity Flex Freedom Blend 2065. The hypothetical expense Example is based on an investment of $1,000 invested for one-half year period (April 1, 2019 to September 30, 2019).

Actual Expenses

The first line of the accompanying table for each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund’s annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each fund provides information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund’s annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A,B Beginning
Account Value 
Ending
Account Value
September 30, 2019 
Expenses Paid
During Period-C 
Fidelity Flex Freedom Blend Income Fund - %    
Actual  $1,000.00 $1,038.30 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2005 Fund - %    
Actual  $1,000.00 $1,039.00 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2010 Fund - %    
Actual  $1,000.00 $1,038.30 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2015 Fund - %    
Actual  $1,000.00 $1,038.00 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2020 Fund - %    
Actual  $1,000.00 $1,037.80 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2025 Fund - %    
Actual  $1,000.00 $1,038.70 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2030 Fund - %    
Actual  $1,000.00 $1,038.00 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2035 Fund - %    
Actual  $1,000.00 $1,033.70 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2040 Fund - %    
Actual  $1,000.00 $1,031.50 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2045 Fund - %    
Actual  $1,000.00 $1,031.40 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2050 Fund - %    
Actual  $1,000.00 $1,031.60 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2055 Fund - %    
Actual  $1,000.00 $1,031.50 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2060 Fund - %    
Actual  $1,000.00 $1,031.60 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 
Fidelity Flex Freedom Blend 2065 Fund - %    
Actual  $1,000.00 $998.00 $--D 
Hypothetical-E  $1,000.00 $1,025.00 $--F 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Amount represents less than .005%.

 C Amount represents less than $.005.

 D Actual expenses are equal to each Funds' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period for each fund), with the exception of Fidelity Flex Freedom Blend 2065 and multiplied by 95/366 (to reflect the period June 28, 2019 to September 30, 2019) for Fidelity Flex Freedom Blend 2065. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Funds' annualized expense ratio.

 E 5% return per year before expenses

 F Hypothetical expenses are equal to each Funds' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Funds' annualized expense ratio.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Flex Freedom Funds

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), 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 2019 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.

Approval of Amended and Restated Advisory Contracts. At its September 2019 meeting, the Board also unanimously determined to approve an amended and restated management contract for each fund (Amended and Restated Contracts) in connection with an upcoming consolidation of certain of Fidelity's advisory businesses. The Board considered that, on or about January 1, 2020, FMRC expects to merge with and into FMR and, after the merger, FMR expects to redomicile as a Delaware limited liability company. The Board noted that the Amended and Restated Contracts will reflect the replacement of FMRC with FMR and will take effect upon the completion of the merger. The Board noted that references to FMR in the Amended and Restated Contracts would be updated to reflect FMR's new form of organization and domicile. The Board also approved amendments that clarify 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. The Board also noted Fidelity's assurance that neither the planned consolidation nor the Amended and Restated Contracts will change the 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.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the 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.

Shareholder and Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping 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 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 and index funds; (vii) lowering expense caps for certain existing funds and classes, and converting certain voluntary expense caps to contractual caps, to reduce expenses borne by shareholders; (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. The Board considered the Investment Advisers' strength in fundamental, research-driven security selection, with which the Board is familiar through its supervision of other Fidelity funds.

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 to certain Fidelity fee-based programs. The Board considered that each fund does not pay FMRC a management fee for investment advisory services, but that FMRC is indirectly compensated for its services out of the program fees. The Board also noted that FMRC 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, brokerage expenses, and extraordinary expenses (such as litigation expenses).

Based on its review, the Board considered that each fund does not pay a management fee and concluded that the total expense ratio of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds.

PricewaterhouseCoopers LLP (PwC), auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential 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 noted that changes to fall-out benefits year-over-year reflect business developments at Fidelity's various businesses. The Board considered that a joint ad hoc committee created by it and the boards of other Fidelity funds had recently been established, and meets periodically, to evaluate potential fall-out benefits. The Board noted that the committee was expected to, among other things: (i) discuss the legal framework surrounding potential fall-out benefits; (ii) review the Board's responsibilities and approach to potential fall-out benefits; and (iii) review practices employed by competitor funds regarding the review of potential fall-out benefits. The Board noted that it would consider the committee's findings in connection with future consideration of contract renewals.

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 FMRC 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 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 practices of certain sub-advisers regarding their receipt of research from broker-dealers that execute the funds' portfolio transactions; (vi) the terms of Fidelity's voluntary expense limitation agreements; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the impact on fund profitability of recent changes in total net assets for Fidelity's money market funds, anticipated changes to the competitive landscape for money market funds, and the level of investor comfort with gates, fees, and floating NAVs; (xi) the funds' share class structures and distribution channels; and (xii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable, and that each fund's Advisory Contract should be renewed and each fund's Amended and Restated Contract should be approved.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Flex Freedom 2065 Fund

On January 17, 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees’ counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity’s staffing as it relates to the fund, including the backgrounds of investment personnel of FMRC, and also considered the fund’s investment objective, strategies, and related investment philosophy. 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 the fund.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity’s investment staff, including its size, education, experience, and resources, as well as Fidelity’s approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity’s global investment organization. The Board also noted that Fidelity’s analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity’s investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity’s risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund’s Advisory Contract. The Board considered FMRC’s strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contract should benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board noted that the fund is available exclusively to accounts offered through certain Fidelity fee-based programs. The Board considered that while the fund does not pay a management fee, FMRC is indirectly compensated for its services out of the account-based fee and that its compensation for advisory services will be the same regardless of variations in the account-based fee paid by investing accounts. The Board noted that FMRC or an affiliate pays all operating expenses, with certain limited exceptions, on behalf of the fund.

Based on its review, the Board concluded that the fund does not pay a management fee and concluded that the total expense ratio of the fund was reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.

Costs of the Services and Profitability.  The fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund’s Advisory Contract, the Board will consider the level of Fidelity’s profits in respect of all the Fidelity funds.

Economies of Scale.  The Board concluded that because the fund will pay no advisory fees and FMRC or an affiliate will bear all expenses of the fund, with certain limited exceptions, the realization of economies of scale was not a material factor in the Board’s decision to approve the fund’s 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 advisory fee arrangements are fair and reasonable, and that the fund’s Advisory Contract should be approved.





Fidelity Investments

XFC-SANN-1119
1.9884227.102




Fidelity Freedom® Blend Funds - Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060, 2065

















Semi-Annual Report

September 30, 2019

Includes Fidelity and Fidelity Advisor share classes

Fidelity Investments



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

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. © 2019 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity Freedom® Blend Income Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 14.0 
Fidelity Series Inflation-Protected Bond Index Fund 11.9 
Fidelity Series Investment Grade Bond Fund 11.6 
Fidelity Series Government Bond Index Fund 11.1 
Fidelity Series Corporate Bond Fund 8.0 
Fidelity Series Investment Grade Securitized Fund 7.9 
Fidelity Series Short-Term Credit Fund 4.7 
Fidelity Series Government Money Market Fund 2.07% 4.7 
Fidelity Series Emerging Markets Opportunities Fund 4.1 
Fidelity Series Commodity Strategy Fund 3.5 
 81.5 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 10.8% 
   International Equity Funds 10.6% 
   Bond Funds 55.2% 
   Short-Term Funds 23.4% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 10.8%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 40,627 $541,557 
Fidelity Series Commodity Strategy Fund (a) 282,328 1,295,886 
Fidelity Series Large Cap Growth Index Fund (a) 41,244 440,896 
Fidelity Series Large Cap Stock Fund (a) 30,475 441,590 
Fidelity Series Large Cap Value Index Fund (a) 63,204 825,448 
Fidelity Series Small Cap Opportunities Fund (a) 17,219 221,606 
Fidelity Series Value Discovery Fund (a) 20,297 264,062 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $4,068,119)  4,031,045 
International Equity Funds - 10.6%   
Fidelity Series Canada Fund (a) 9,293 102,878 
Fidelity Series Emerging Markets Fund (a) 18,360 169,097 
Fidelity Series Emerging Markets Opportunities Fund (a) 81,370 1,511,856 
Fidelity Series International Growth Fund (a) 43,177 706,805 
Fidelity Series International Index Fund (a) 22,071 222,258 
Fidelity Series International Small Cap Fund (a) 12,276 198,129 
Fidelity Series International Value Fund (a) 76,185 723,756 
Fidelity Series Overseas Fund (a) 31,012 307,637 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $3,885,053)  3,942,416 
Bond Funds - 55.2%   
Fidelity Series Corporate Bond Fund (a) 277,641 2,981,865 
Fidelity Series Emerging Markets Debt Fund (a) 27,186 255,550 
Fidelity Series Floating Rate High Income Fund (a) 5,948 55,254 
Fidelity Series Government Bond Index Fund (a) 387,295 4,124,696 
Fidelity Series High Income Fund (a) 29,425 279,534 
Fidelity Series Inflation-Protected Bond Index Fund (a) 440,622 4,441,467 
Fidelity Series Investment Grade Bond Fund (a) 371,652 4,311,162 
Fidelity Series Investment Grade Securitized Fund (a) 283,863 2,955,010 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 95,956 960,515 
Fidelity Series Real Estate Income Fund (a) 15,815 177,287 
TOTAL BOND FUNDS   
(Cost $19,855,227)  20,542,340 
Short-Term Funds - 23.4%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,737,218 1,737,218 
Fidelity Series Short-Term Credit Fund (a) 172,450 1,738,295 
Fidelity Series Treasury Bill Index Fund (a) 520,520 5,205,195 
TOTAL SHORT-TERM FUNDS   
(Cost $8,661,360)  8,680,757 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $36,469,759)  37,196,558 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (6,802) 
NET ASSETS - 100%  $37,189,756 

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 $47,541 $628,913 $89,519 $43,971 $51 $(45,429) $541,557 
Fidelity Series Canada Fund 6,848 98,266 6,318 -- (19) 4,101 102,878 
Fidelity Series Commodity Strategy Fund 68,015 1,327,462 58,153 9,110 (2,243) (39,195) 1,295,886 
Fidelity Series Corporate Bond Fund 213,324 2,801,905 158,320 38,232 259 124,697 2,981,865 
Fidelity Series Emerging Markets Debt Fund 19,496 254,035 13,361 5,600 (124) (4,496) 255,550 
Fidelity Series Emerging Markets Fund 9,756 173,139 7,193 -- (256) (6,349) 169,097 
Fidelity Series Emerging Markets Opportunities Fund 88,405 1,495,199 64,533 -- (1,761) (5,454) 1,511,856 
Fidelity Series Floating Rate High Income Fund 4,126 53,856 2,748 1,179 (32) 52 55,254 
Fidelity Series Government Bond Index Fund 293,262 3,952,193 253,317 33,409 900 131,658 4,124,696 
Fidelity Series Government Money Market Fund 2.07% 125,285 1,696,969 85,036 14,440 -- -- 1,737,218 
Fidelity Series High Income Fund 30,561 270,689 23,356 6,712 (45) 1,685 279,534 
Fidelity Series Inflation-Protected Bond Index Fund 369,954 4,625,781 669,024 7,083 5,657 109,099 4,441,467 
Fidelity Series International Growth Fund 57,069 742,855 130,722 -- 1,721 35,882 706,805 
Fidelity Series International Index Fund 14,959 216,652 12,069 -- (201) 2,917 222,258 
Fidelity Series International Small Cap Fund 14,971 192,853 13,153 -- (319) 3,777 198,129 
Fidelity Series International Value Fund 56,471 736,263 73,521 -- (1,866) 6,409 723,756 
Fidelity Series Investment Grade Bond Fund 311,706 4,115,015 238,454 47,246 403 122,492 4,311,162 
Fidelity Series Investment Grade Securitized Fund 219,982 2,847,614 162,539 30,838 217 49,736 2,955,010 
Fidelity Series Large Cap Growth Index Fund 37,212 459,074 71,904 427 541 15,973 440,896 
Fidelity Series Large Cap Stock Fund 37,058 473,685 61,893 15,818 (639) (6,621) 441,590 
Fidelity Series Large Cap Value Index Fund 69,344 840,338 110,499 -- 250 26,015 825,448 
Fidelity Series Long-Term Treasury Bond Index Fund 129,480 1,299,749 612,394 14,749 35,021 108,659 960,515 
Fidelity Series Overseas Fund -- 305,093 -- -- -- 2,544 307,637 
Fidelity Series Real Estate Income Fund 13,102 169,971 9,065 4,911 (3) 3,282 177,287 
Fidelity Series Short-Term Credit Fund 123,884 1,686,242 86,070 16,736 30 14,209 1,738,295 
Fidelity Series Small Cap Opportunities Fund 18,461 243,643 30,982 10,660 (438) (9,078) 221,606 
Fidelity Series Treasury Bill Index Fund 375,199 5,077,030 251,137 40,439 (91) 4,194 5,205,195 
Fidelity Series Value Discovery Fund 21,956 270,395 34,723 -- (454) 6,888 264,062 
 $2,777,427 $37,054,879 $3,330,003 $341,560 $36,559 $657,647 $37,196,509 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend Income Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $36,469,710) 37,196,509  
Total Investment in Securities (cost $36,469,759)  $37,196,558 
Cash  241 
Receivable for fund shares sold  7,942,525 
Total assets  45,139,324 
Liabilities   
Payable for investments purchased $7,892,688  
Payable for fund shares redeemed 49,836  
Accrued management fee 6,692  
Distribution and service plan fees payable 352  
Total liabilities  7,949,568 
Net Assets  $37,189,756 
Net Assets consist of:   
Paid in capital  $36,317,731 
Total accumulated earnings (loss)  872,025 
Net Assets  $37,189,756 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($400,695 ÷ 38,801 shares)(a)  $10.33 
Maximum offering price per share (100/94.25 of $10.33)  $10.96 
Class M:   
Net Asset Value and redemption price per share ($307,338 ÷ 29,761 shares)(a)  $10.33 
Maximum offering price per share (100/96.50 of $10.33)  $10.70 
Class C:   
Net Asset Value and offering price per share ($169,679 ÷ 16,469 shares)(a)  $10.30 
Fidelity Freedom Blend Income Fund:   
Net Asset Value, offering price and redemption price per share ($714,395 ÷ 69,126 shares)  $10.33 
Class K:   
Net Asset Value, offering price and redemption price per share ($132,565 ÷ 12,824 shares)  $10.34 
Class K6:   
Net Asset Value, offering price and redemption price per share ($35,141,145 ÷ 3,398,831 shares)  $10.34 
Class I:   
Net Asset Value, offering price and redemption price per share ($111,895 ÷ 10,823 shares)  $10.34 
Class Z:   
Net Asset Value, offering price and redemption price per share ($105,964 ÷ 10,249 shares)  $10.34 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($106,080 ÷ 10,255 shares)  $10.34 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $279,478 
Expenses   
Management fee $36,322  
Distribution and service plan fees 1,578  
Independent trustees' fees and expenses 41  
Total expenses  37,941 
Net investment income (loss)  241,537 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 36,653  
Capital gain distributions from underlying funds:   
Affiliated issuers 62,082  
Total net realized gain (loss)  98,735 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 657,647  
Total change in net unrealized appreciation (depreciation)  657,647 
Net gain (loss)  756,382 
Net increase (decrease) in net assets resulting from operations  $997,919 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $241,537 $22,993 
Net realized gain (loss) 98,735 4,742 
Change in net unrealized appreciation (depreciation) 657,647 69,152 
Net increase (decrease) in net assets resulting from operations 997,919 96,887 
Distributions to shareholders (198,187) (24,594) 
Share transactions - net increase (decrease) 33,613,386 2,704,345 
Total increase (decrease) in net assets 34,413,118 2,776,638 
Net Assets   
Beginning of period 2,776,638 – 
End of period $37,189,756 $2,776,638 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.03 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .11 
Net realized and unrealized gain (loss) .29 .08 
Total from investment operations .36 .19 
Distributions from net investment income (.06) (.11) 
Distributions from net realized gain C (.05) 
Total distributions (.06) (.16) 
Net asset value, end of period $10.33 $10.03 
Total ReturnD,E 3.60% 1.91% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .71%H .71%H 
Expenses net of fee waivers, if any .71%H .71%H 
Expenses net of all reductions .71%H .71%H 
Net investment income (loss) 1.37%H 1.95%H 
Supplemental Data   
Net assets, end of period (000 omitted) $401 $107 
Portfolio turnover rateG 27%H 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 Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.03 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .10 
Net realized and unrealized gain (loss) .29 .07 
Total from investment operations .35 .17 
Distributions from net investment income (.04) (.09) 
Distributions from net realized gain C (.05) 
Total distributions (.05)D (.14) 
Net asset value, end of period $10.33 $10.03 
Total ReturnE,F 3.47% 1.76% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .97%I .96%I 
Expenses net of fee waivers, if any .97%I .96%I 
Expenses net of all reductions .97%I .96%I 
Net investment income (loss) 1.11%I 1.70%I 
Supplemental Data   
Net assets, end of period (000 omitted) $307 $102 
Portfolio turnover rateH 27%I 48%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.05 per share is comprised of distributions from net investment income of $.043 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .07 
Net realized and unrealized gain (loss) .29 .07 
Total from investment operations .32 .14 
Distributions from net investment income (.02) (.08) 
Distributions from net realized gain C (.05) 
Total distributions (.03)D (.13) 
Net asset value, end of period $10.30 $10.01 
Total ReturnE,F 3.17% 1.45% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.46%I 1.47%I,J 
Expenses net of fee waivers, if any 1.46%I 1.47%I,J 
Expenses net of all reductions 1.46%I 1.47%I,J 
Net investment income (loss) .62%I 1.19%I 
Supplemental Data   
Net assets, end of period (000 omitted) $170 $123 
Portfolio turnover rateH 27%I 48%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.03 per share is comprised of distributions from net investment income of $.023 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend Income Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.03 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .29 .07 
Total from investment operations .37 .20 
Distributions from net investment income (.06) (.12) 
Distributions from net realized gain C (.05) 
Total distributions (.07)D (.17) 
Net asset value, end of period $10.33 $10.03 
Total ReturnE 3.67% 2.04% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .46%H .46%H 
Expenses net of fee waivers, if any .46%H .46%H 
Expenses net of all reductions .46%H .46%H 
Net investment income (loss) 1.62%H 2.20%H 
Supplemental Data   
Net assets, end of period (000 omitted) $714 $378 
Portfolio turnover rateG 27%H 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 Amount represents less than $.005 per share.

 D Total distributions of $.07 per share is comprised of distributions from net investment income of $.063 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.04 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .13 
Net realized and unrealized gain (loss) .28 .08 
Total from investment operations .37 .21 
Distributions from net investment income (.07) (.12) 
Distributions from net realized gain C (.05) 
Total distributions (.07) (.17) 
Net asset value, end of period $10.34 $10.04 
Total ReturnD 3.71% 2.20% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .36%G .36%G 
Expenses net of fee waivers, if any .36%G .36%G 
Expenses net of all reductions .36%G .36%G 
Net investment income (loss) 1.72%G 2.30%G 
Supplemental Data   
Net assets, end of period (000 omitted) $133 $102 
Portfolio turnover rateF 27%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.04 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .14 
Net realized and unrealized gain (loss) .29 .08 
Total from investment operations .38 .22 
Distributions from net investment income (.07) (.13) 
Distributions from net realized gain C (.05) 
Total distributions (.08)D (.18) 
Net asset value, end of period $10.34 $10.04 
Total ReturnE 3.75% 2.24% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .26%H .26%H 
Expenses net of fee waivers, if any .26%H .26%H 
Expenses net of all reductions .26%H .26%H 
Net investment income (loss) 1.82%H 2.39%H 
Supplemental Data   
Net assets, end of period (000 omitted) $35,141 $1,658 
Portfolio turnover rateG 27%H 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 Amount represents less than $.005 per share.

 D Total distributions of $.08 per share is comprised of distributions from net investment income of $.071 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.04 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .29 .08 
Total from investment operations .37 .21 
Distributions from net investment income (.06) (.12) 
Distributions from net realized gain C (.05) 
Total distributions (.07)D (.17) 
Net asset value, end of period $10.34 $10.04 
Total ReturnE 3.65% 2.14% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .46%H .46%H 
Expenses net of fee waivers, if any .46%H .46%H 
Expenses net of all reductions .46%H .46%H 
Net investment income (loss) 1.62%H 2.20%H 
Supplemental Data   
Net assets, end of period (000 omitted) $112 $102 
Portfolio turnover rateG 27%H 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 Amount represents less than $.005 per share.

 D Total distributions of $.07 per share is comprised of distributions from net investment income of $.061 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.04 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .13 
Net realized and unrealized gain (loss) .28 .08 
Total from investment operations .37 .21 
Distributions from net investment income (.07) (.12) 
Distributions from net realized gain C (.05) 
Total distributions (.07) (.17) 
Net asset value, end of period $10.34 $10.04 
Total ReturnD 3.70% 2.20% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .36%G .36%G 
Expenses net of fee waivers, if any .36%G .36%G 
Expenses net of all reductions .36%G .36%G 
Net investment income (loss) 1.72%G 2.30%G 
Supplemental Data   
Net assets, end of period (000 omitted) $106 $102 
Portfolio turnover rateF 27%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.04 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .14 
Net realized and unrealized gain (loss) .28 .08 
Total from investment operations .37 .22 
Distributions from net investment income (.07) (.13) 
Distributions from net realized gain C (.05) 
Total distributions (.07) (.18) 
Net asset value, end of period $10.34 $10.04 
Total ReturnD 3.73% 2.23% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .26%G .26%G 
Expenses net of fee waivers, if any .26%G .26%G 
Expenses net of all reductions .26%G .26%G 
Net investment income (loss) 1.82%G 2.40%G 
Supplemental Data   
Net assets, end of period (000 omitted) $106 $102 
Portfolio turnover rateF 27%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2005 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Treasury Bill Index Fund 12.0 
Fidelity Series Investment Grade Bond Fund 10.9 
Fidelity Series Inflation-Protected Bond Index Fund 10.7 
Fidelity Series Government Bond Index Fund 10.4 
Fidelity Series Corporate Bond Fund 7.5 
Fidelity Series Investment Grade Securitized Fund 7.4 
Fidelity Series Emerging Markets Opportunities Fund 4.6 
Fidelity Series Short-Term Credit Fund 4.0 
Fidelity Series Government Money Market Fund 2.07% 4.0 
Fidelity Series Large Cap Value Index Fund 3.6 
 75.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 15.3% 
   International Equity Funds 13.1% 
   Bond Funds 51.6% 
   Short-Term Funds 20.0% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 15.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 28,164 $375,424 
Fidelity Series Commodity Strategy Fund (a) 118,953 545,993 
Fidelity Series Large Cap Growth Index Fund (a) 27,709 296,212 
Fidelity Series Large Cap Stock Fund (a) 20,474 296,666 
Fidelity Series Large Cap Value Index Fund (a) 42,577 556,062 
Fidelity Series Small Cap Opportunities Fund (a) 11,488 147,856 
Fidelity Series Value Discovery Fund (a) 13,578 176,654 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $2,399,084)  2,394,867 
International Equity Funds - 13.1%   
Fidelity Series Canada Fund (a) 5,142 56,918 
Fidelity Series Emerging Markets Fund (a) 8,829 81,317 
Fidelity Series Emerging Markets Opportunities Fund (a) 39,235 728,985 
Fidelity Series International Growth Fund (a) 23,698 387,940 
Fidelity Series International Index Fund (a) 12,244 123,294 
Fidelity Series International Small Cap Fund (a) 6,767 109,221 
Fidelity Series International Value Fund (a) 41,790 397,006 
Fidelity Series Overseas Fund (a) 17,245 171,066 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $2,015,808)  2,055,747 
Bond Funds - 51.6%   
Fidelity Series Corporate Bond Fund (a) 109,456 1,175,553 
Fidelity Series Emerging Markets Debt Fund (a) 11,460 107,725 
Fidelity Series Floating Rate High Income Fund (a) 2,508 23,301 
Fidelity Series Government Bond Index Fund (a) 152,675 1,625,988 
Fidelity Series High Income Fund (a) 12,387 117,677 
Fidelity Series Inflation-Protected Bond Index Fund (a) 166,396 1,677,269 
Fidelity Series Investment Grade Bond Fund (a) 146,482 1,699,187 
Fidelity Series Investment Grade Securitized Fund (a) 111,888 1,164,754 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 40,665 407,052 
Fidelity Series Real Estate Income Fund (a) 6,641 74,443 
TOTAL BOND FUNDS   
(Cost $7,808,077)  8,072,949 
Short-Term Funds - 20.0%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 627,917 627,917 
Fidelity Series Short-Term Credit Fund (a) 62,362 628,608 
Fidelity Series Treasury Bill Index Fund (a) 188,287 1,882,866 
TOTAL SHORT-TERM FUNDS   
(Cost $3,132,692)  3,139,440 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $15,355,661)  15,663,003 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (2,965) 
NET ASSETS - 100%  $15,660,038 

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 $59,683 $443,379 $99,454 $29,866 $1,581 $(29,765) $375,424 
Fidelity Series Canada Fund 6,903 54,560 7,063 -- 75 2,443 56,918 
Fidelity Series Commodity Strategy Fund 48,785 570,018 56,016 3,682 (2,368) (14,426) 545,993 
Fidelity Series Corporate Bond Fund 148,104 1,112,690 133,227 15,079 1,815 46,171 1,175,553 
Fidelity Series Emerging Markets Debt Fund 14,638 107,437 12,702 2,379 31 (1,679) 107,725 
Fidelity Series Emerging Markets Fund 9,131 83,339 8,088 -- (170) (2,895) 81,317 
Fidelity Series Emerging Markets Opportunities Fund 82,753 719,352 72,166 -- (93) (861) 728,985 
Fidelity Series Floating Rate High Income Fund 3,100 22,737 2,564 502 (20) 48 23,301 
Fidelity Series Government Bond Index Fund 203,437 1,572,119 198,855 13,190 1,430 47,857 1,625,988 
Fidelity Series Government Money Market Fund 2.07% 78,685 613,807 64,575 5,189 -- -- 627,917 
Fidelity Series High Income Fund 22,938 114,021 20,116 2,849 (44) 878 117,677 
Fidelity Series Inflation-Protected Bond Index Fund 239,920 1,716,030 320,458 2,625 2,688 39,089 1,677,269 
Fidelity Series International Growth Fund 56,952 410,945 103,168 -- 2,893 20,318 387,940 
Fidelity Series International Index Fund 15,023 120,516 14,281 -- 10 2,026 123,294 
Fidelity Series International Small Cap Fund 15,035 106,882 15,152 -- (341) 2,797 109,221 
Fidelity Series International Value Fund 56,584 417,978 82,221 -- (1,311) 5,976 397,006 
Fidelity Series Investment Grade Bond Fund 216,506 1,634,026 198,247 18,644 1,713 45,189 1,699,187 
Fidelity Series Investment Grade Securitized Fund 152,751 1,129,875 137,167 12,166 890 18,405 1,164,754 
Fidelity Series Large Cap Growth Index Fund 46,743 315,243 79,067 310 2,500 10,793 296,212 
Fidelity Series Large Cap Stock Fund 46,379 324,507 71,495 10,568 109 (2,834) 296,666 
Fidelity Series Large Cap Value Index Fund 86,849 583,457 135,510 -- 1,873 19,393 556,062 
Fidelity Series Long-Term Treasury Bond Index Fund 101,171 568,590 322,121 6,547 16,208 43,204 407,052 
Fidelity Series Overseas Fund -- 169,757 -- -- -- 1,309 171,066 
Fidelity Series Real Estate Income Fund 9,842 71,791 8,574 2,057 16 1,368 74,443 
Fidelity Series Short-Term Credit Fund 79,112 613,119 68,592 5,995 211 4,758 628,608 
Fidelity Series Small Cap Opportunities Fund 23,168 160,801 30,682 7,328 (590) (4,841) 147,856 
Fidelity Series Treasury Bill Index Fund 234,552 1,848,665 201,647 14,613 (133) 1,429 1,882,866 
Fidelity Series Value Discovery Fund 27,479 184,945 41,202 -- (69) 5,501 176,654 
 $2,086,223 $15,790,586 $2,504,410 $153,589 $28,904 $261,651 $15,662,954 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2005 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $15,355,612) 15,662,954  
Total Investment in Securities (cost $15,355,661)  $15,663,003 
Cash  179 
Receivable for fund shares sold  3,395,233 
Total assets  19,058,415 
Liabilities   
Payable for investments purchased $3,391,087  
Payable for fund shares redeemed 4,149  
Accrued management fee 2,955  
Distribution and service plan fees payable 186  
Total liabilities  3,398,377 
Net Assets  $15,660,038 
Net Assets consist of:   
Paid in capital  $15,195,205 
Total accumulated earnings (loss)  464,833 
Net Assets  $15,660,038 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($256,303 ÷ 24,763 shares)(a)  $10.35 
Maximum offering price per share (100/94.25 of $10.35)  $10.98 
Class M:   
Net Asset Value and redemption price per share ($105,036 ÷ 10,157 shares)(a)  $10.34 
Maximum offering price per share (100/96.50 of $10.34)  $10.72 
Class C:   
Net Asset Value and offering price per share ($131,066 ÷ 12,721 shares)(a)  $10.30 
Fidelity Freedom Blend 2005 Fund:   
Net Asset Value, offering price and redemption price per share ($1,032,662 ÷ 99,589 shares)  $10.37 
Class K:   
Net Asset Value, offering price and redemption price per share ($105,723 ÷ 10,180 shares)  $10.39 
Class K6:   
Net Asset Value, offering price and redemption price per share ($13,317,247 ÷ 1,282,513 shares)  $10.38 
Class I:   
Net Asset Value, offering price and redemption price per share ($500,439 ÷ 48,212 shares)  $10.38 
Class Z:   
Net Asset Value, offering price and redemption price per share ($105,723 ÷ 10,180 shares)  $10.39 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($105,839 ÷ 10,185 shares)  $10.39 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $112,007 
Expenses   
Management fee $16,440  
Distribution and service plan fees 1,066  
Independent trustees' fees and expenses 18  
Total expenses  17,524 
Net investment income (loss)  94,483 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 28,936  
Capital gain distributions from underlying funds:   
Affiliated issuers 41,582  
Total net realized gain (loss)  70,518 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 261,651  
Total change in net unrealized appreciation (depreciation)  261,651 
Net gain (loss)  332,169 
Net increase (decrease) in net assets resulting from operations  $426,652 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $94,483 $16,545 
Net realized gain (loss) 70,518 7,559 
Change in net unrealized appreciation (depreciation) 261,651 45,691 
Net increase (decrease) in net assets resulting from operations 426,652 69,795 
Distributions to shareholders (15,987) (15,628) 
Share transactions - net increase (decrease) 13,163,681 2,031,525 
Total increase (decrease) in net assets 13,574,346 2,085,692 
Net Assets   
Beginning of period 2,085,692 – 
End of period $15,660,038 $2,085,692 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.99 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .11 
Net realized and unrealized gain (loss) .30 .04 
Total from investment operations .36 .15 
Distributions from net investment income – (.10) 
Distributions from net realized gain C (.07) 
Total distributions C (.16)D 
Net asset value, end of period $10.35 $9.99 
Total ReturnE,F 3.65% 1.62% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .71%I .71%I 
Expenses net of fee waivers, if any .71%I .71%I 
Expenses net of all reductions .71%I .71%I 
Net investment income (loss) 1.25%I 1.88%I 
Supplemental Data   
Net assets, end of period (000 omitted) $256 $187 
Portfolio turnover rateH 47%I 11%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.16 per share is comprised of distributions from net investment income of $.097 and distributions from net realized gain of $.066 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.99 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .09 
Net realized and unrealized gain (loss) .30 .05 
Total from investment operations .35 .14 
Distributions from net investment income – (.08) 
Distributions from net realized gain C (.07) 
Total distributions C (.15) 
Net asset value, end of period $10.34 $9.99 
Total ReturnD,E 3.54% 1.43% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .96%H .96%H 
Expenses net of fee waivers, if any .96%H .96%H 
Expenses net of all reductions .96%H .96%H 
Net investment income (loss) 1.00%H 1.63%H 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $101 
Portfolio turnover rateG 47%H 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 Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.98 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .06 
Net realized and unrealized gain (loss) .29 .05 
Total from investment operations .32 .11 
Distributions from net investment income – (.06) 
Distributions from net realized gain C (.07) 
Total distributions C (.13) 
Net asset value, end of period $10.30 $9.98 
Total ReturnD,E 3.25% 1.15% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.46%H 1.46%H 
Expenses net of fee waivers, if any 1.46%H 1.46%H 
Expenses net of all reductions 1.46%H 1.46%H 
Net investment income (loss) .50%H 1.13%H 
Supplemental Data   
Net assets, end of period (000 omitted) $131 $101 
Portfolio turnover rateG 47%H 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 Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .12 
Net realized and unrealized gain (loss) .30 .05 
Total from investment operations .38 .17 
Distributions from net investment income (.01) (.10) 
Distributions from net realized gain (.01) (.07) 
Total distributions (.02) (.16)C 
Net asset value, end of period $10.37 $10.01 
Total ReturnD 3.75% 1.80% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .46%G .46%G 
Expenses net of fee waivers, if any .46%G .46%G 
Expenses net of all reductions .46%G .46%G 
Net investment income (loss) 1.50%G 2.13%G 
Supplemental Data   
Net assets, end of period (000 omitted) $1,033 $111 
Portfolio turnover rateF 47%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.066 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .31 .04 
Total from investment operations .39 .17 
Distributions from net investment income – (.10) 
Distributions from net realized gain (.01) (.07) 
Total distributions (.01) (.16)C 
Net asset value, end of period $10.39 $10.01 
Total ReturnD 3.87% 1.83% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .36%G .36%G 
Expenses net of fee waivers, if any .36%G .36%G 
Expenses net of all reductions .36%G .36%G 
Net investment income (loss) 1.60%G 2.23%G 
Supplemental Data   
Net assets, end of period (000 omitted) $106 $102 
Portfolio turnover rateF 47%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.066 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .13 
Net realized and unrealized gain (loss) .30 .05 
Total from investment operations .39 .18 
Distributions from net investment income (.01) (.10) 
Distributions from net realized gain (.01) (.07) 
Total distributions (.02) (.17) 
Net asset value, end of period $10.38 $10.01 
Total ReturnC 3.85% 1.86% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .26%F .26%F 
Expenses net of fee waivers, if any .26%F .26%F 
Expenses net of all reductions .26%F .26%F 
Net investment income (loss) 1.70%F 2.32%F 
Supplemental Data   
Net assets, end of period (000 omitted) $13,317 $1,177 
Portfolio turnover rateE 47%F 11%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .12 
Net realized and unrealized gain (loss) .30 .05 
Total from investment operations .37 .17 
Distributions from net investment income – (.10) 
Distributions from net realized gain C (.07) 
Total distributions C (.16)D 
Net asset value, end of period $10.38 $10.01 
Total ReturnE 3.74% 1.80% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .47%H .46%H 
Expenses net of fee waivers, if any .47%H .46%H 
Expenses net of all reductions .47%H .46%H 
Net investment income (loss) 1.49%H 2.13%H 
Supplemental Data   
Net assets, end of period (000 omitted) $500 $102 
Portfolio turnover rateG 47%H 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 Amount represents less than $.005 per share.

 D Total distributions of $.16 per share is comprised of distributions from net investment income of $.095 and distributions from net realized gain of $.066 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .31 .04 
Total from investment operations .39 .17 
Distributions from net investment income – (.10) 
Distributions from net realized gain (.01) (.07) 
Total distributions (.01) (.16)C 
Net asset value, end of period $10.39 $10.01 
Total ReturnD 3.87% 1.83% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .36%G .36%G 
Expenses net of fee waivers, if any .36%G .36%G 
Expenses net of all reductions .36%G .36%G 
Net investment income (loss) 1.60%G 2.23%G 
Supplemental Data   
Net assets, end of period (000 omitted) $106 $102 
Portfolio turnover rateF 47%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.16 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.066 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.01 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .13 
Net realized and unrealized gain (loss) .30 .05 
Total from investment operations .39 .18 
Distributions from net investment income C (.10) 
Distributions from net realized gain (.01) (.07) 
Total distributions (.01) (.17) 
Net asset value, end of period $10.39 $10.01 
Total ReturnD 3.89% 1.86% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .26%G .26%G 
Expenses net of fee waivers, if any .26%G .26%G 
Expenses net of all reductions .26%G .26%G 
Net investment income (loss) 1.70%G 2.33%G 
Supplemental Data   
Net assets, end of period (000 omitted) $106 $102 
Portfolio turnover rateF 47%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2010 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 9.8 
Fidelity Series Treasury Bill Index Fund 9.5 
Fidelity Series Government Bond Index Fund 9.4 
Fidelity Series Inflation-Protected Bond Index Fund 9.2 
Fidelity Series Corporate Bond Fund 6.8 
Fidelity Series Investment Grade Securitized Fund 6.7 
Fidelity Series Emerging Markets Opportunities Fund 5.4 
Fidelity Series Large Cap Value Index Fund 5.3 
Fidelity Series Blue Chip Growth Fund 3.6 
Fidelity Series Commodity Strategy Fund 3.5 
 69.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 21.1% 
   International Equity Funds 16.5% 
   Bond Funds 46.5% 
   Short-Term Funds 15.9% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2010 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 21.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 148,765 $1,983,037 
Fidelity Series Commodity Strategy Fund (a) 420,970 1,932,250 
Fidelity Series Large Cap Growth Index Fund (a) 146,384 1,564,848 
Fidelity Series Large Cap Stock Fund (a) 108,162 1,567,267 
Fidelity Series Large Cap Value Index Fund (a) 225,039 2,939,006 
Fidelity Series Small Cap Opportunities Fund (a) 60,651 780,579 
Fidelity Series Value Discovery Fund (a) 71,709 932,936 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $11,782,591)  11,699,923 
International Equity Funds - 16.5%   
Fidelity Series Canada Fund (a) 23,480 259,922 
Fidelity Series Emerging Markets Fund (a) 36,424 335,461 
Fidelity Series Emerging Markets Opportunities Fund (a) 161,577 3,002,108 
Fidelity Series International Growth Fund (a) 108,521 1,776,488 
Fidelity Series International Index Fund (a) 55,703 560,931 
Fidelity Series International Small Cap Fund (a) 30,896 498,661 
Fidelity Series International Value Fund (a) 191,696 1,821,115 
Fidelity Series Overseas Fund (a) 85,486 848,022 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $8,979,880)  9,102,708 
Bond Funds - 46.5%   
Fidelity Series Corporate Bond Fund (a) 348,939 3,747,600 
Fidelity Series Emerging Markets Debt Fund (a) 40,370 379,478 
Fidelity Series Floating Rate High Income Fund (a) 8,870 82,403 
Fidelity Series Government Bond Index Fund (a) 486,752 5,183,912 
Fidelity Series High Income Fund (a) 43,717 415,308 
Fidelity Series Inflation-Protected Bond Index Fund (a) 507,354 5,114,131 
Fidelity Series Investment Grade Bond Fund (a) 466,970 5,416,848 
Fidelity Series Investment Grade Securitized Fund (a) 356,727 3,713,527 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 143,739 1,438,823 
Fidelity Series Real Estate Income Fund (a) 23,435 262,705 
TOTAL BOND FUNDS   
(Cost $24,882,262)  25,754,735 
Short-Term Funds - 15.9%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,761,326 1,761,326 
Fidelity Series Short-Term Credit Fund (a) 174,929 1,763,286 
Fidelity Series Treasury Bill Index Fund (a) 528,125 5,281,250 
TOTAL SHORT-TERM FUNDS   
(Cost $8,786,484)  8,805,911 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $54,431,217)  55,363,277 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (10,171) 
NET ASSETS - 100%  $55,353,106 

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 $110,318 $2,418,705 $384,318 $161,677 $13,069 $(174,737) $1,983,037 
Fidelity Series Canada Fund 11,003 258,167 20,300 -- 274 10,778 259,922 
Fidelity Series Commodity Strategy Fund 62,328 2,036,267 101,601 13,291 (1,192) (63,552) 1,932,250 
Fidelity Series Corporate Bond Fund 168,370 3,683,159 266,065 49,793 114 162,022 3,747,600 
Fidelity Series Emerging Markets Debt Fund 18,543 395,989 28,567 8,749 (311) (6,176) 379,478 
Fidelity Series Emerging Markets Fund 14,121 357,120 20,463 -- (716) (14,601) 335,461 
Fidelity Series Emerging Markets Opportunities Fund 127,972 3,077,262 184,595 -- (1,348) (17,183) 3,002,108 
Fidelity Series Floating Rate High Income Fund 3,929 83,672 5,272 1,850 71 82,403 
Fidelity Series Government Bond Index Fund 231,155 5,209,245 426,778 43,562 1,081 169,209 5,183,912 
Fidelity Series Government Money Market Fund 2.07% 79,094 1,794,031 111,799 15,140 -- -- 1,761,326 
Fidelity Series High Income Fund 28,548 419,495 35,414 10,457 135 2,544 415,308 
Fidelity Series Inflation-Protected Bond Index Fund 248,837 5,284,973 547,284 7,976 4,959 122,646 5,114,131 
Fidelity Series International Growth Fund 92,485 1,951,345 369,880 -- 16,647 85,891 1,776,488 
Fidelity Series International Index Fund 24,205 568,654 39,505 -- 129 7,448 560,931 
Fidelity Series International Small Cap Fund 24,137 507,547 42,602 -- 513 9,066 498,661 
Fidelity Series International Value Fund 91,246 1,986,299 269,677 -- 1,977 11,270 1,821,115 
Fidelity Series Investment Grade Bond Fund 246,122 5,421,634 410,729 61,564 573 159,248 5,416,848 
Fidelity Series Investment Grade Securitized Fund 173,652 3,750,566 276,320 40,173 549 65,080 3,713,527 
Fidelity Series Large Cap Growth Index Fund 86,369 1,720,677 307,817 1,659 7,355 58,264 1,564,848 
Fidelity Series Large Cap Stock Fund 85,985 1,768,635 265,013 59,117 3,414 (25,754) 1,567,267 
Fidelity Series Large Cap Value Index Fund 161,014 3,168,990 494,916 -- 11,396 92,522 2,939,006 
Fidelity Series Long-Term Treasury Bond Index Fund 133,456 2,242,516 1,174,965 25,186 76,807 161,009 1,438,823 
Fidelity Series Overseas Fund -- 842,940 -- -- -- 5,082 848,022 
Fidelity Series Real Estate Income Fund 12,475 264,608 19,482 7,525 128 4,976 262,705 
Fidelity Series Short-Term Credit Fund 79,524 1,785,950 117,004 17,456 (42) 14,858 1,763,286 
Fidelity Series Small Cap Opportunities Fund 42,953 894,501 124,988 39,107 2,669 (34,556) 780,579 
Fidelity Series Treasury Bill Index Fund 235,082 5,380,508 338,302 42,581 (12) 3,974 5,281,250 
Fidelity Series Value Discovery Fund 50,945 1,007,057 151,509 -- 2,744 23,699 932,936 
 $2,643,868 $58,280,512 $6,535,165 $606,863 $140,915 $833,098 $55,363,228 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2010 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $54,431,168) 55,363,228  
Total Investment in Securities (cost $54,431,217)  $55,363,277 
Cash  256 
Receivable for fund shares sold  11,679,897 
Total assets  67,043,430 
Liabilities   
Payable for investments purchased $11,597,527  
Payable for fund shares redeemed 82,372  
Accrued management fee 10,226  
Distribution and service plan fees payable 199  
Total liabilities  11,690,324 
Net Assets  $55,353,106 
Net Assets consist of:   
Paid in capital  $53,778,746 
Total accumulated earnings (loss)  1,574,360 
Net Assets  $55,353,106 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($185,375 ÷ 18,007 shares)(a)  $10.29 
Maximum offering price per share (100/94.25 of $10.29)  $10.92 
Class M:   
Net Asset Value and redemption price per share ($177,557 ÷ 17,276 shares)(a)  $10.28 
Maximum offering price per share (100/96.50 of $10.28)  $10.65 
Class C:   
Net Asset Value and offering price per share ($104,107 ÷ 10,162 shares)(a)  $10.24 
Fidelity Freedom Blend 2010 Fund:   
Net Asset Value, offering price and redemption price per share ($836,975 ÷ 81,130 shares)  $10.32 
Class K:   
Net Asset Value, offering price and redemption price per share ($1,791,671 ÷ 173,452 shares)  $10.33 
Class K6:   
Net Asset Value, offering price and redemption price per share ($51,813,039 ÷ 5,015,599 shares)  $10.33 
Class I:   
Net Asset Value, offering price and redemption price per share ($233,549 ÷ 22,627 shares)  $10.32 
Class Z:   
Net Asset Value, offering price and redemption price per share ($105,359 ÷ 10,199 shares)  $10.33 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($105,474 ÷ 10,203 shares)  $10.34 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $381,578 
Expenses   
Management fee $57,969  
Distribution and service plan fees 1,167  
Independent trustees' fees and expenses 64  
Total expenses  59,200 
Net investment income (loss)  322,378 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 141,024  
Capital gain distributions from underlying funds:   
Affiliated issuers 225,285  
Total net realized gain (loss)  366,309 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 833,098  
Total change in net unrealized appreciation (depreciation)  833,098 
Net gain (loss)  1,199,407 
Net increase (decrease) in net assets resulting from operations  $1,521,785 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $322,378 $18,516 
Net realized gain (loss) 366,309 (17,746) 
Change in net unrealized appreciation (depreciation) 833,098 98,962 
Net increase (decrease) in net assets resulting from operations 1,521,785 99,732 
Distributions to shareholders (28,580) (18,577) 
Share transactions - net increase (decrease) 51,216,718 2,562,028 
Total increase (decrease) in net assets 52,709,923 2,643,183 
Net Assets   
Beginning of period 2,643,183 – 
End of period $55,353,106 $2,643,183 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.93 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .10 
Net realized and unrealized gain (loss) .30 .01 
Total from investment operations .36 .11 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.18)C 
Net asset value, end of period $10.29 $9.93 
Total ReturnD,E 3.63% 1.24% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .72%H .72%H 
Expenses net of fee waivers, if any .72%H .72%H 
Expenses net of all reductions .72%H .72%H 
Net investment income (loss) 1.09%H 1.81%H 
Supplemental Data   
Net assets, end of period (000 omitted) $185 $166 
Portfolio turnover rateG 34%H 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.18 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.076 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .09 
Net realized and unrealized gain (loss) .32 C 
Total from investment operations .36 .09 
Distributions from net investment income – (.10) 
Distributions from net realized gain – (.08) 
Total distributions – (.17)D 
Net asset value, end of period $10.28 $9.92 
Total ReturnE,F 3.63% 1.03% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .97%I .97%I 
Expenses net of fee waivers, if any .97%I .97%I 
Expenses net of all reductions .97%I .97%I 
Net investment income (loss) .85%I 1.56%I 
Supplemental Data   
Net assets, end of period (000 omitted) $178 $126 
Portfolio turnover rateH 34%I 98%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.076 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .06 
Net realized and unrealized gain (loss) .30 .01 
Total from investment operations .32 .07 
Distributions from net investment income – (.08) 
Distributions from net realized gain – (.08) 
Total distributions – (.15)C 
Net asset value, end of period $10.24 $9.92 
Total ReturnD,E 3.23% .81% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.47%H 1.47%H 
Expenses net of fee waivers, if any 1.47%H 1.47%H 
Expenses net of all reductions 1.47%H 1.47%H 
Net investment income (loss) .34%H 1.06%H 
Supplemental Data   
Net assets, end of period (000 omitted) $104 $101 
Portfolio turnover rateG 34%H 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.15 per share is comprised of distributions from net investment income of $.075 and distributions from net realized gain of $.076 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .12 
Net realized and unrealized gain (loss) .31 .01 
Total from investment operations .38 .13 
Distributions from net investment income – (.11) 
Distributions from net realized gain C (.08) 
Total distributions C (.19) 
Net asset value, end of period $10.32 $9.94 
Total ReturnD 3.86% 1.37% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .47%G .47%G 
Expenses net of fee waivers, if any .47%G .47%G 
Expenses net of all reductions .47%G .47%G 
Net investment income (loss) 1.35%G 2.06%G 
Supplemental Data   
Net assets, end of period (000 omitted) $837 $148 
Portfolio turnover rateF 34%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .12 
Net realized and unrealized gain (loss) .32 .01 
Total from investment operations .39 .13 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.19) 
Net asset value, end of period $10.33 $9.94 
Total ReturnC 3.92% 1.38% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .39%F .37%F 
Expenses net of fee waivers, if any .39%F .37%F 
Expenses net of all reductions .39%F .37%F 
Net investment income (loss) 1.43%F 2.16%F 
Supplemental Data   
Net assets, end of period (000 omitted) $1,792 $101 
Portfolio turnover rateE 34%F 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.95 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .31 .01 
Total from investment operations .39 .14 
Distributions from net investment income C (.11) 
Distributions from net realized gain (.01) (.08) 
Total distributions (.01) (.19) 
Net asset value, end of period $10.33 $9.95 
Total ReturnD 3.89% 1.52% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .27%G .28%G,H 
Expenses net of fee waivers, if any .27%G .28%G,H 
Expenses net of all reductions .27%G .28%G,H 
Net investment income (loss) 1.54%G 2.26%G 
Supplemental Data   
Net assets, end of period (000 omitted) $51,813 $1,697 
Portfolio turnover rateF 34%G 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 returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2010 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .12 
Net realized and unrealized gain (loss) .31 C 
Total from investment operations .38 .12 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.18)D 
Net asset value, end of period $10.32 $9.94 
Total ReturnE 3.82% 1.35% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .48%H .47%H 
Expenses net of fee waivers, if any .48%H .47%H 
Expenses net of all reductions .48%H .47%H 
Net investment income (loss) 1.34%H 2.06%H 
Supplemental Data   
Net assets, end of period (000 omitted) $234 $101 
Portfolio turnover rateG 34%H 98%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.18 per share is comprised of distributions from net investment income of $.107 and distributions from net realized gain of $.076 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .12 
Net realized and unrealized gain (loss) .32 .01 
Total from investment operations .39 .13 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.19) 
Net asset value, end of period $10.33 $9.94 
Total ReturnC 3.92% 1.38% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .37%F .37%F 
Expenses net of fee waivers, if any .37%F .37%F 
Expenses net of all reductions .37%F .37%F 
Net investment income (loss) 1.44%F 2.16%F 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $101 
Portfolio turnover rateE 34%F 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.95 $10.00 
Income from Investment Operations   
Net investment income (loss)B .08 .13 
Net realized and unrealized gain (loss) .31 .01 
Total from investment operations .39 .14 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.19) 
Net asset value, end of period $10.34 $9.95 
Total ReturnC 3.92% 1.52% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .27%F .27%F 
Expenses net of fee waivers, if any .27%F .27%F 
Expenses net of all reductions .27%F .27%F 
Net investment income (loss) 1.54%F 2.26%F 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $101 
Portfolio turnover rateE 34%F 98%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2015 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Investment Grade Bond Fund 8.7 
Fidelity Series Government Bond Index Fund 8.3 
Fidelity Series Inflation-Protected Bond Index Fund 8.0 
Fidelity Series Large Cap Value Index Fund 7.1 
Fidelity Series Treasury Bill Index Fund 7.0 
Fidelity Series Emerging Markets Opportunities Fund 6.2 
Fidelity Series Corporate Bond Fund 6.0 
Fidelity Series Investment Grade Securitized Fund 5.9 
Fidelity Series Blue Chip Growth Fund 4.8 
Fidelity Series International Value Fund 4.1 
 66.1 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 27.0% 
   International Equity Funds 19.8% 
   Bond Funds 41.5% 
   Short-Term Funds 11.7% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 27.0%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 662,079 $8,825,511 
Fidelity Series Commodity Strategy Fund (a) 1,410,484 6,474,121 
Fidelity Series Large Cap Growth Index Fund (a) 651,798 6,967,725 
Fidelity Series Large Cap Stock Fund (a) 481,684 6,979,606 
Fidelity Series Large Cap Value Index Fund (a) 1,002,688 13,095,106 
Fidelity Series Small Cap Opportunities Fund (a) 270,096 3,476,130 
Fidelity Series Value Discovery Fund (a) 319,280 4,153,827 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $50,233,147)  49,972,026 
International Equity Funds - 19.8%   
Fidelity Series Canada Fund (a) 96,448 1,067,682 
Fidelity Series Emerging Markets Fund (a) 139,590 1,285,619 
Fidelity Series Emerging Markets Opportunities Fund (a) 619,065 11,502,235 
Fidelity Series International Growth Fund (a) 453,891 7,430,189 
Fidelity Series International Index Fund (a) 229,004 2,306,071 
Fidelity Series International Small Cap Fund (a) 124,009 2,001,511 
Fidelity Series International Value Fund (a) 802,620 7,624,888 
Fidelity Series Overseas Fund (a) 346,379 3,436,078 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $36,058,726)  36,654,273 
Bond Funds - 41.5%   
Fidelity Series Corporate Bond Fund (a) 1,032,931 11,093,680 
Fidelity Series Emerging Markets Debt Fund (a) 134,594 1,265,186 
Fidelity Series Floating Rate High Income Fund (a) 29,587 274,864 
Fidelity Series Government Bond Index Fund (a) 1,440,581 15,342,185 
Fidelity Series High Income Fund (a) 146,061 1,387,580 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,467,707 14,794,483 
Fidelity Series Investment Grade Bond Fund (a) 1,382,130 16,032,711 
Fidelity Series Investment Grade Securitized Fund (a) 1,056,201 10,995,053 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 482,093 4,825,750 
Fidelity Series Real Estate Income Fund (a) 78,369 878,513 
TOTAL BOND FUNDS   
(Cost $74,100,674)  76,890,005 
Short-Term Funds - 11.7%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 4,354,418 4,354,418 
Fidelity Series Short-Term Credit Fund (a) 432,514 4,359,740 
Fidelity Series Treasury Bill Index Fund (a) 1,305,642 13,056,422 
TOTAL SHORT-TERM FUNDS   
(Cost $21,716,833)  21,770,629 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $182,109,380)  185,286,933 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (38,320) 
NET ASSETS - 100%  $185,248,613 

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 $520,264 $10,707,622 $1,596,976 $797,297 $23,397 $(828,796) $8,825,511 
Fidelity Series Canada Fund 47,956 1,052,016 81,332 -- 664 48,378 1,067,682 
Fidelity Series Commodity Strategy Fund 224,343 6,829,440 344,755 49,344 (2,507) (232,400) 6,474,121 
Fidelity Series Corporate Bond Fund 529,736 10,925,873 878,451 158,583 1,433 515,089 11,093,680 
Fidelity Series Emerging Markets Debt Fund 66,460 1,321,850 99,381 31,655 (868) (22,875) 1,265,186 
Fidelity Series Emerging Markets Fund 57,738 1,358,856 67,628 -- (1,579) (61,768) 1,285,619 
Fidelity Series Emerging Markets Opportunities Fund 523,357 11,655,869 596,466 -- (8,371) (72,154) 11,502,235 
Fidelity Series Floating Rate High Income Fund 14,094 279,535 19,049 6,689 277 274,864 
Fidelity Series Government Bond Index Fund 726,831 15,470,594 1,397,664 138,702 3,701 538,723 15,342,185 
Fidelity Series Government Money Market Fund 2.07% 218,048 4,602,348 465,978 41,966 -- -- 4,354,418 
Fidelity Series High Income Fund 103,077 1,402,082 127,399 37,852 (22) 9,842 1,387,580 
Fidelity Series Inflation-Protected Bond Index Fund 698,054 14,785,357 1,046,392 22,863 2,536 354,928 14,794,483 
Fidelity Series International Growth Fund 404,676 8,015,693 1,443,329 -- 49,326 403,823 7,430,189 
Fidelity Series International Index Fund 106,013 2,320,367 154,518 -- (332) 34,541 2,306,071 
Fidelity Series International Small Cap Fund 105,521 2,060,989 208,974 -- 2,025 41,950 2,001,511 
Fidelity Series International Value Fund 397,626 8,155,159 991,129 -- (433) 63,665 7,624,888 
Fidelity Series Investment Grade Bond Fund 774,219 16,063,257 1,313,594 196,010 2,754 506,075 16,032,711 
Fidelity Series Investment Grade Securitized Fund 546,344 11,140,672 900,528 127,924 1,838 206,727 10,995,053 
Fidelity Series Large Cap Growth Index Fund 407,232 7,529,765 1,282,202 7,916 29,203 283,727 6,967,725 
Fidelity Series Large Cap Stock Fund 406,025 7,762,319 1,079,211 285,411 7,073 (116,600) 6,979,606 
Fidelity Series Large Cap Value Index Fund 760,313 13,889,254 2,051,421 -- 30,917 466,043 13,095,106 
Fidelity Series Long-Term Treasury Bond Index Fund 486,619 8,199,705 4,755,961 93,029 333,828 561,559 4,825,750 
Fidelity Series Overseas Fund -- 3,411,913 -- -- -- 24,165 3,436,078 
Fidelity Series Real Estate Income Fund 44,713 882,950 67,618 27,286 168 18,300 878,513 
Fidelity Series Short-Term Credit Fund 219,186 4,574,845 475,934 48,224 819 40,824 4,359,740 
Fidelity Series Small Cap Opportunities Fund 202,824 3,944,301 512,694 193,223 6,331 (164,632) 3,476,130 
Fidelity Series Treasury Bill Index Fund 646,150 13,765,893 1,366,899 117,809 11,271 13,056,422 
Fidelity Series Value Discovery Fund 240,563 4,422,182 635,835 -- 5,458 121,459 4,153,827 
 $9,477,982 $196,530,706 $23,961,318 $2,381,783 $487,373 $2,752,141 $185,286,884 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2015 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $182,109,331) 185,286,884  
Total Investment in Securities (cost $182,109,380)  $185,286,933 
Cash  506 
Receivable for investments sold  13 
Receivable for fund shares sold  25,930,259 
Total assets  211,217,711 
Liabilities   
Payable for investments purchased $25,607,893  
Payable for fund shares redeemed 322,366  
Accrued management fee 38,589  
Distribution and service plan fees payable 250  
Total liabilities  25,969,098 
Net Assets  $185,248,613 
Net Assets consist of:   
Paid in capital  $179,484,409 
Total accumulated earnings (loss)  5,764,204 
Net Assets  $185,248,613 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($293,503 ÷ 28,568 shares)(a)  $10.27 
Maximum offering price per share (100/94.25 of $10.27)  $10.90 
Class M:   
Net Asset Value and redemption price per share ($112,274 ÷ 10,949 shares)(a)  $10.25 
Maximum offering price per share (100/96.50 of $10.25)  $10.62 
Class C:   
Net Asset Value and offering price per share ($178,610 ÷ 17,524 shares)(a)  $10.19 
Fidelity Freedom Blend 2015 Fund:   
Net Asset Value, offering price and redemption price per share ($3,422,641 ÷ 332,768 shares)  $10.29 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,132,944 ÷ 304,154 shares)  $10.30 
Class K6:   
Net Asset Value, offering price and redemption price per share ($177,191,973 ÷ 17,199,517 shares)  $10.30 
Class I:   
Net Asset Value, offering price and redemption price per share ($619,105 ÷ 60,150 shares)  $10.29 
Class Z:   
Net Asset Value, offering price and redemption price per share ($104,956 ÷ 10,189 shares)  $10.30 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($192,607 ÷ 18,685 shares)  $10.31 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,275,561 
Expenses   
Management fee $215,437  
Distribution and service plan fees 1,338  
Independent trustees' fees and expenses 232  
Total expenses  217,007 
Net investment income (loss)  1,058,554 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 487,731  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,106,222  
Total net realized gain (loss)  1,593,953 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 2,752,141  
Total change in net unrealized appreciation (depreciation)  2,752,141 
Net gain (loss)  4,346,094 
Net increase (decrease) in net assets resulting from operations  $5,404,648 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,058,554 $36,560 
Net realized gain (loss) 1,593,953 (5,740) 
Change in net unrealized appreciation (depreciation) 2,752,141 425,412 
Net increase (decrease) in net assets resulting from operations 5,404,648 456,232 
Distributions to shareholders (73,722) (22,954) 
Share transactions - net increase (decrease) 170,442,113 9,042,296 
Total increase (decrease) in net assets 175,773,039 9,475,574 
Net Assets   
Beginning of period 9,475,574 – 
End of period $185,248,613 $9,475,574 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.91 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .07 
Net realized and unrealized gain (loss) .31 C 
Total from investment operations .36 .07 
Distributions from net investment income – (.09) 
Distributions from net realized gain – (.07) 
Total distributions – (.16) 
Net asset value, end of period $10.27 $9.91 
Total ReturnD,E 3.63% .85% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .73%H .74%H 
Expenses net of fee waivers, if any .73%H .74%H 
Expenses net of all reductions .73%H .74%H 
Net investment income (loss) .94%H 1.24%H 
Supplemental Data   
Net assets, end of period (000 omitted) $294 $195 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.90 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .06 
Net realized and unrealized gain (loss) .31 C 
Total from investment operations .35 .06 
Distributions from net investment income – (.09) 
Distributions from net realized gain – (.07) 
Total distributions – (.16) 
Net asset value, end of period $10.25 $9.90 
Total ReturnD,E 3.54% .67% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .98%H .99%H 
Expenses net of fee waivers, if any .98%H .99%H 
Expenses net of all reductions .98%H .99%H 
Net investment income (loss) .69%H .99%H 
Supplemental Data   
Net assets, end of period (000 omitted) $112 $101 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.87 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .03 
Net realized and unrealized gain (loss) .31 C 
Total from investment operations .32 .03 
Distributions from net investment income – (.09) 
Distributions from net realized gain – (.07) 
Total distributions – (.16) 
Net asset value, end of period $10.19 $9.87 
Total ReturnD,E 3.24% .43% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.48%H 1.50%H,I 
Expenses net of fee waivers, if any 1.48%H 1.50%H,I 
Expenses net of all reductions 1.48%H 1.50%H,I 
Net investment income (loss) .19%H .48%H 
Supplemental Data   
Net assets, end of period (000 omitted) $179 $144 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2015 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.91 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .08 
Net realized and unrealized gain (loss) .32 .01 
Total from investment operations .38 .09 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.07) 
Total distributions – (.18) 
Net asset value, end of period $10.29 $9.91 
Total ReturnC 3.83% 1.02% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .48%F .49%F 
Expenses net of fee waivers, if any .48%F .49%F 
Expenses net of all reductions .48%F .49%F 
Net investment income (loss) 1.19%F 1.49%F 
Supplemental Data   
Net assets, end of period (000 omitted) $3,423 $468 
Portfolio turnover rateE 35%F 52%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .09 
Net realized and unrealized gain (loss) .32 C 
Total from investment operations .38 .09 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.07) 
Total distributions – (.17)D 
Net asset value, end of period $10.30 $9.92 
Total ReturnE 3.83% 1.07% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .40%H .39%H 
Expenses net of fee waivers, if any .40%H .39%H 
Expenses net of all reductions .40%H .39%H 
Net investment income (loss) 1.27%H 1.59%H 
Supplemental Data   
Net assets, end of period (000 omitted) $3,133 $101 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.069 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .09 
Net realized and unrealized gain (loss) .32 .01 
Total from investment operations .39 .10 
Distributions from net investment income C (.11) 
Distributions from net realized gain C (.07) 
Total distributions (.01)D (.18) 
Net asset value, end of period $10.30 $9.92 
Total ReturnE 3.88% 1.12% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .28%H .30%H 
Expenses net of fee waivers, if any .28%H .30%H 
Expenses net of all reductions .28%H .30%H 
Net investment income (loss) 1.39%H 1.68%H 
Supplemental Data   
Net assets, end of period (000 omitted) $177,192 $8,164 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.01 per share is comprised of distributions from net investment income of $.002 and distributions from net realized gain of $.003 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .08 
Net realized and unrealized gain (loss) .31 .01 
Total from investment operations .37 .09 
Distributions from net investment income – (.10) 
Distributions from net realized gain – (.07) 
Total distributions – (.17) 
Net asset value, end of period $10.29 $9.92 
Total ReturnC 3.73% 1.04% 
Ratios to Average Net AssetsD,E   
Expenses before reductions .49%F .49%F 
Expenses net of fee waivers, if any .49%F .49%F 
Expenses net of all reductions .49%F .49%F 
Net investment income (loss) 1.18%F 1.49%F 
Supplemental Data   
Net assets, end of period (000 omitted) $619 $101 
Portfolio turnover rateE 35%F 52%F 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .09 
Net realized and unrealized gain (loss) .31 C 
Total from investment operations .38 .09 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.07) 
Total distributions – (.17)D 
Net asset value, end of period $10.30 $9.92 
Total ReturnE 3.83% 1.07% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .38%H .39%H 
Expenses net of fee waivers, if any .38%H .39%H 
Expenses net of all reductions .38%H .39%H 
Net investment income (loss) 1.29%H 1.59%H 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $101 
Portfolio turnover rateG 35%H 52%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.17 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.069 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .10 
Net realized and unrealized gain (loss) .32 C 
Total from investment operations .39 .10 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.07) 
Total distributions – (.18) 
Net asset value, end of period $10.31 $9.92 
Total ReturnD 3.93% 1.12% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .28%G .29%G 
Expenses net of fee waivers, if any .28%G .29%G 
Expenses net of all reductions .28%G .29%G 
Net investment income (loss) 1.39%G 1.69%G 
Supplemental Data   
Net assets, end of period (000 omitted) $193 $101 
Portfolio turnover rateF 35%G 52%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2020 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 8.6 
Fidelity Series Investment Grade Bond Fund 7.7 
Fidelity Series Government Bond Index Fund 7.3 
Fidelity Series Emerging Markets Opportunities Fund 6.9 
Fidelity Series Inflation-Protected Bond Index Fund 6.8 
Fidelity Series Blue Chip Growth Fund 5.8 
Fidelity Series Corporate Bond Fund 5.3 
Fidelity Series Investment Grade Securitized Fund 5.2 
Fidelity Series Treasury Bill Index Fund 4.9 
Fidelity Series International Value Fund 4.9 
 63.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 32.1% 
   International Equity Funds 22.7% 
   Bond Funds 37.0% 
   Short-Term Funds 8.2% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 32.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 2,325,935 $31,004,710 
Fidelity Series Commodity Strategy Fund (a) 4,072,704 18,693,710 
Fidelity Series Large Cap Growth Index Fund (a) 2,290,504 24,485,489 
Fidelity Series Large Cap Stock Fund (a) 1,692,776 24,528,323 
Fidelity Series Large Cap Value Index Fund (a) 3,525,176 46,038,795 
Fidelity Series Small Cap Opportunities Fund (a) 948,592 12,208,374 
Fidelity Series Value Discovery Fund (a) 1,121,915 14,596,117 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $172,387,529)  171,555,518 
International Equity Funds - 22.7%   
Fidelity Series Canada Fund (a) 323,036 3,576,005 
Fidelity Series Emerging Markets Fund (a) 446,181 4,109,329 
Fidelity Series Emerging Markets Opportunities Fund (a) 1,980,636 36,800,216 
Fidelity Series International Growth Fund (a) 1,554,064 25,440,025 
Fidelity Series International Index Fund (a) 766,305 7,716,695 
Fidelity Series International Small Cap Fund (a) 403,855 6,518,226 
Fidelity Series International Value Fund (a) 2,747,647 26,102,642 
Fidelity Series Overseas Fund (a) 1,113,605 11,046,961 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $119,245,473)  121,310,099 
Bond Funds - 37.0%   
Fidelity Series Corporate Bond Fund (a) 2,632,003 28,267,717 
Fidelity Series Emerging Markets Debt Fund (a) 387,147 3,639,182 
Fidelity Series Floating Rate High Income Fund (a) 85,057 790,181 
Fidelity Series Government Bond Index Fund (a) 3,671,237 39,098,676 
Fidelity Series High Income Fund (a) 420,471 3,994,474 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,620,129 36,490,899 
Fidelity Series Investment Grade Bond Fund (a) 3,523,026 40,867,105 
Fidelity Series Investment Grade Securitized Fund (a) 2,691,560 28,019,144 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,388,162 13,895,501 
Fidelity Series Real Estate Income Fund (a) 225,679 2,529,865 
TOTAL BOND FUNDS   
(Cost $190,282,995)  197,592,744 
Short-Term Funds - 8.2%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 8,780,970 8,780,970 
Fidelity Series Short-Term Credit Fund (a) 872,269 8,792,475 
Fidelity Series Treasury Bill Index Fund (a) 2,633,400 26,333,996 
TOTAL SHORT-TERM FUNDS   
(Cost $43,789,328)  43,907,490 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $525,705,325)  534,365,851 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (121,415) 
NET ASSETS - 100%  $534,244,436 

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 $1,592,321 $37,507,541 $5,176,883 $2,868,478 $92,154 $(3,010,423) $31,004,710 
Fidelity Series Canada Fund 140,253 3,486,370 218,601 -- 1,213 166,770 3,576,005 
Fidelity Series Commodity Strategy Fund 571,268 19,694,319 861,048 148,254 (12,431) (698,398) 18,693,710 
Fidelity Series Corporate Bond Fund 1,182,202 27,753,915 2,038,008 418,946 7,008 1,362,600 28,267,717 
Fidelity Series Emerging Markets Debt Fund 168,522 3,810,125 268,668 94,806 (2,232) (68,565) 3,639,182 
Fidelity Series Emerging Markets Fund 161,941 4,344,038 182,140 -- (2,888) (211,622) 4,109,329 
Fidelity Series Emerging Markets Opportunities Fund 1,467,329 37,155,977 1,541,251 -- (13,827) (268,012) 36,800,216 
Fidelity Series Floating Rate High Income Fund 36,143 804,004 50,676 20,020 (69) 779 790,181 
Fidelity Series Government Bond Index Fund 1,629,215 39,356,069 3,330,841 366,395 18,065 1,426,168 39,098,676 
Fidelity Series Government Money Market Fund 2.07% 420,634 10,051,940 1,691,604 94,059 -- -- 8,780,970 
Fidelity Series High Income Fund 268,041 4,026,638 328,855 113,335 (782) 29,432 3,994,474 
Fidelity Series Inflation-Protected Bond Index Fund 1,308,189 36,385,347 2,007,787 51,250 8,109 797,041 36,490,899 
Fidelity Series International Growth Fund 1,183,883 26,589,709 3,892,128 -- 125,481 1,433,080 25,440,025 
Fidelity Series International Index Fund 309,955 7,695,582 403,813 -- (1,235) 116,206 7,716,695 
Fidelity Series International Small Cap Fund 308,451 6,837,646 775,858 -- 7,693 140,294 6,518,226 
Fidelity Series International Value Fund 1,162,276 27,106,314 2,372,669 -- (10,661) 217,382 26,102,642 
Fidelity Series Investment Grade Bond Fund 1,727,776 40,966,194 3,178,497 517,734 11,583 1,340,049 40,867,105 
Fidelity Series Investment Grade Securitized Fund 1,219,272 28,345,028 2,100,575 338,033 8,065 547,354 28,019,144 
Fidelity Series Large Cap Growth Index Fund 1,246,354 26,271,125 4,157,719 28,696 97,813 1,027,916 24,485,489 
Fidelity Series Large Cap Stock Fund 1,238,767 27,059,102 3,349,229 1,040,681 19,696 (440,013) 24,528,323 
Fidelity Series Large Cap Value Index Fund 2,321,999 48,583,269 6,640,184 -- 83,009 1,690,702 46,038,795 
Fidelity Series Long-Term Treasury Bond Index Fund 1,262,323 25,262,497 15,370,481 285,288 1,159,498 1,581,664 13,895,501 
Fidelity Series Overseas Fund -- 10,958,383 -- -- -- 88,578 11,046,961 
Fidelity Series Real Estate Income Fund 113,494 2,544,003 183,637 81,088 615 55,390 2,529,865 
Fidelity Series Short-Term Credit Fund 422,871 9,948,845 1,673,869 108,015 3,878 90,750 8,792,475 
Fidelity Series Small Cap Opportunities Fund 616,858 13,764,670 1,598,768 694,932 16,937 (591,323) 12,208,374 
Fidelity Series Treasury Bill Index Fund 1,235,916 29,980,703 4,908,556 264,194 1,950 23,983 26,333,996 
Fidelity Series Value Discovery Fund 732,368 15,301,678 1,896,844 -- 16,577 442,338 14,596,117 
 $24,048,621 $571,591,031 $70,199,189 $7,534,204 $1,635,219 $7,290,120 $534,365,802 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2020 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $525,705,276) 534,365,802  
Total Investment in Securities (cost $525,705,325)  $534,365,851 
Cash  1,102 
Receivable for investments sold  24 
Receivable for fund shares sold  58,375,844 
Total assets  592,742,821 
Liabilities   
Payable for investments purchased $58,060,615  
Payable for fund shares redeemed 315,228  
Accrued management fee 121,718  
Distribution and service plan fees payable 824  
Total liabilities  58,498,385 
Net Assets  $534,244,436 
Net Assets consist of:   
Paid in capital  $517,201,470 
Total accumulated earnings (loss)  17,042,966 
Net Assets  $534,244,436 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,281,257 ÷ 124,523 shares)(a)  $10.29 
Maximum offering price per share (100/94.25 of $10.29)  $10.92 
Class M:   
Net Asset Value and redemption price per share ($158,643 ÷ 15,426 shares)(a)  $10.28 
Maximum offering price per share (100/96.50 of $10.28)  $10.65 
Class C:   
Net Asset Value and offering price per share ($601,727 ÷ 58,809 shares)(a)  $10.23 
Fidelity Freedom Blend 2020 Fund:   
Net Asset Value, offering price and redemption price per share ($5,748,479 ÷ 557,644 shares)  $10.31 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,842,551 ÷ 759,238 shares)  $10.33 
Class K6:   
Net Asset Value, offering price and redemption price per share ($516,451,044 ÷ 49,983,515 shares)  $10.33 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,942,839 ÷ 188,210 shares)  $10.32 
Class Z:   
Net Asset Value, offering price and redemption price per share ($104,687 ÷ 10,134 shares)  $10.33 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($113,209 ÷ 10,951 shares)  $10.34 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,548,965 
Expenses   
Management fee $690,626  
Distribution and service plan fees 4,514  
Independent trustees' fees and expenses 696  
Total expenses  695,836 
Net investment income (loss)  2,853,129 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 1,636,174  
Capital gain distributions from underlying funds:   
Affiliated issuers 3,985,239  
Total net realized gain (loss)  5,621,413 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 7,290,120  
Total change in net unrealized appreciation (depreciation)  7,290,120 
Net gain (loss)  12,911,533 
Net increase (decrease) in net assets resulting from operations  $15,764,662 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,853,129 $68,811 
Net realized gain (loss) 5,621,413 87,950 
Change in net unrealized appreciation (depreciation) 7,290,120 1,370,406 
Net increase (decrease) in net assets resulting from operations 15,764,662 1,527,167 
Distributions to shareholders (221,573) (27,290) 
Share transactions - net increase (decrease) 494,659,327 22,542,143 
Total increase (decrease) in net assets 510,202,416 24,042,020 
Net Assets   
Beginning of period 24,042,020 – 
End of period $534,244,436 $24,042,020 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .05 
Net realized and unrealized gain (loss) .33 (.01)C 
Total from investment operations .37 .04 
Distributions from net investment income – (.07) 
Distributions from net realized gain – (.05) 
Total distributions – (.12) 
Net asset value, end of period $10.29 $9.92 
Total ReturnD,E 3.73% .55% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .74%H .77%H,I 
Expenses net of fee waivers, if any .74%H .77%H,I 
Expenses net of all reductions .74%H .77%H,I 
Net investment income (loss) .81%H .81%H 
Supplemental Data   
Net assets, end of period (000 omitted) $1,281 $894 
Portfolio turnover rateG 35%H 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .03 
Net realized and unrealized gain (loss) .33 (.01)C 
Total from investment operations .36 .02 
Distributions from net investment income – (.05) 
Distributions from net realized gain – (.05) 
Total distributions – (.10) 
Net asset value, end of period $10.28 $9.92 
Total ReturnD,E 3.63% .33% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.00%H 1.00%H 
Expenses net of fee waivers, if any 1.00%H 1.00%H 
Expenses net of all reductions 1.00%H 1.00%H 
Net investment income (loss) .56%H .58%H 
Supplemental Data   
Net assets, end of period (000 omitted) $159 $107 
Portfolio turnover rateG 35%H 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.90 $10.00 
Income from Investment Operations   
Net investment income (loss)B C C 
Net realized and unrealized gain (loss) .33 C 
Total from investment operations .33 C 
Distributions from net investment income – (.05) 
Distributions from net realized gain – (.05) 
Total distributions – (.10) 
Net asset value, end of period $10.23 $9.90 
Total ReturnD,E 3.33% .08% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.50%H 1.52%H,I 
Expenses net of fee waivers, if any 1.50%H 1.52%H,I 
Expenses net of all reductions 1.50%H 1.52%H,I 
Net investment income (loss) .05%H .06%H 
Supplemental Data   
Net assets, end of period (000 omitted) $602 $385 
Portfolio turnover rateG 35%H 78%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.92 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .06 
Net realized and unrealized gain (loss) .34 (.01)C 
Total from investment operations .39 .05 
Distributions from net investment income – (.08) 
Distributions from net realized gain – (.05) 
Total distributions – (.13) 
Net asset value, end of period $10.31 $9.92 
Total ReturnD 3.93% .63% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .50%G .50%G 
Expenses net of fee waivers, if any .50%G .50%G 
Expenses net of all reductions .50%G .50%G 
Net investment income (loss) 1.05%G 1.08%G 
Supplemental Data   
Net assets, end of period (000 omitted) $5,748 $1,168 
Portfolio turnover rateF 35%G 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .07 
Net realized and unrealized gain (loss) .34 (.01)C 
Total from investment operations .39 .06 
Distributions from net investment income – (.07) 
Distributions from net realized gain – (.05) 
Total distributions – (.12) 
Net asset value, end of period $10.33 $9.94 
Total ReturnD 3.92% .73% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .43%G .40%G 
Expenses net of fee waivers, if any .43%G .40%G 
Expenses net of all reductions .43%G .40%G 
Net investment income (loss) 1.13%G 1.18%G 
Supplemental Data   
Net assets, end of period (000 omitted) $7,843 $101 
Portfolio turnover rateF 35%G 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .07 
Net realized and unrealized gain (loss) .34 C 
Total from investment operations .40 .07 
Distributions from net investment income C (.08) 
Distributions from net realized gain C (.05) 
Total distributions (.01)D (.13) 
Net asset value, end of period $10.33 $9.94 
Total ReturnE 3.98% .77% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .30%H .31%H,I 
Expenses net of fee waivers, if any .30%H .31%H,I 
Expenses net of all reductions .30%H .31%H,I 
Net investment income (loss) 1.25%H 1.27%H 
Supplemental Data   
Net assets, end of period (000 omitted) $516,451 $21,065 
Portfolio turnover rateG 35%H 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 of $.01 per share is comprised of distributions from net investment income of $.001 and distributions from net realized gain of $.004 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2020 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .06 
Net realized and unrealized gain (loss) .33 C 
Total from investment operations .38 .06 
Distributions from net investment income – (.07) 
Distributions from net realized gain – (.05) 
Total distributions – (.12) 
Net asset value, end of period $10.32 $9.94 
Total ReturnD 3.82% .69% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .52%G .50%G 
Expenses net of fee waivers, if any .52%G .50%G 
Expenses net of all reductions .52%G .50%G 
Net investment income (loss) 1.03%G 1.08%G 
Supplemental Data   
Net assets, end of period (000 omitted) $1,943 $121 
Portfolio turnover rateF 35%G 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .07 
Net realized and unrealized gain (loss) .33 (.01)C 
Total from investment operations .39 .06 
Distributions from net investment income – (.07) 
Distributions from net realized gain – (.05) 
Total distributions – (.12) 
Net asset value, end of period $10.33 $9.94 
Total ReturnD 3.92% .73% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .40%G .40%G 
Expenses net of fee waivers, if any .40%G .40%G 
Expenses net of all reductions .40%G .40%G 
Net investment income (loss) 1.15%G 1.18%G 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $101 
Portfolio turnover rateF 35%G 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .07 
Net realized and unrealized gain (loss) .34 C 
Total from investment operations .40 .07 
Distributions from net investment income – (.08) 
Distributions from net realized gain – (.05) 
Total distributions – (.13) 
Net asset value, end of period $10.34 $9.94 
Total ReturnD 4.02% .77% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .30%G .30%G 
Expenses net of fee waivers, if any .30%G .30%G 
Expenses net of all reductions .30%G .30%G 
Net investment income (loss) 1.25%G 1.28%G 
Supplemental Data   
Net assets, end of period (000 omitted) $113 $101 
Portfolio turnover rateF 35%G 78%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2025 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 9.9 
Fidelity Series Emerging Markets Opportunities Fund 7.4 
Fidelity Series Investment Grade Bond Fund 6.9 
Fidelity Series Blue Chip Growth Fund 6.6 
Fidelity Series Government Bond Index Fund 6.6 
Fidelity Series Inflation-Protected Bond Index Fund 6.1 
Fidelity Series International Value Fund 5.4 
Fidelity Series International Growth Fund 5.3 
Fidelity Series Large Cap Stock Fund 5.3 
Fidelity Series Large Cap Growth Index Fund 5.3 
 64.8 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 36.3% 
   International Equity Funds 25.1% 
   Bond Funds 33.6% 
   Short-Term Funds 5.0% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2025 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 36.3%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,300,090 $43,990,205 
Fidelity Series Commodity Strategy Fund (a) 5,041,836 23,142,028 
Fidelity Series Large Cap Growth Index Fund (a) 3,250,750 34,750,513 
Fidelity Series Large Cap Stock Fund (a) 2,402,421 34,811,076 
Fidelity Series Large Cap Value Index Fund (a) 5,000,222 65,302,901 
Fidelity Series Small Cap Opportunities Fund (a) 1,347,496 17,342,279 
Fidelity Series Value Discovery Fund (a) 1,593,223 20,727,837 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $240,783,225)  240,066,839 
International Equity Funds - 25.1%   
Fidelity Series Canada Fund (a) 446,032 4,937,570 
Fidelity Series Emerging Markets Fund (a) 596,405 5,492,888 
Fidelity Series Emerging Markets Opportunities Fund (a) 2,648,000 49,199,845 
Fidelity Series International Growth Fund (a) 2,141,700 35,059,624 
Fidelity Series International Index Fund (a) 1,057,729 10,651,330 
Fidelity Series International Small Cap Fund (a) 555,599 8,967,365 
Fidelity Series International Value Fund (a) 3,788,171 35,987,622 
Fidelity Series Overseas Fund (a) 1,563,805 15,512,946 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $162,736,259)  165,809,190 
Bond Funds - 33.6%   
Fidelity Series Corporate Bond Fund (a) 2,927,474 31,441,071 
Fidelity Series Emerging Markets Debt Fund (a) 478,230 4,495,363 
Fidelity Series Floating Rate High Income Fund (a) 104,940 974,897 
Fidelity Series Government Bond Index Fund (a) 4,082,964 43,483,563 
Fidelity Series High Income Fund (a) 519,198 4,932,385 
Fidelity Series Inflation-Protected Bond Index Fund (a) 3,990,196 40,221,178 
Fidelity Series Investment Grade Bond Fund (a) 3,918,305 45,452,335 
Fidelity Series Investment Grade Securitized Fund (a) 2,993,370 31,160,980 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,696,932 16,986,285 
Fidelity Series Real Estate Income Fund (a) 278,641 3,123,565 
TOTAL BOND FUNDS   
(Cost $214,460,520)  222,271,622 
Short-Term Funds - 5.0%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 6,571,234 6,571,234 
Fidelity Series Short-Term Credit Fund (a) 652,778 6,580,007 
Fidelity Series Treasury Bill Index Fund (a) 1,971,391 19,713,908 
TOTAL SHORT-TERM FUNDS   
(Cost $32,775,122)  32,865,198 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $650,755,126)  661,012,849 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (154,792) 
NET ASSETS - 100%  $660,858,057 

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 $3,350,480 $50,812,997 $5,990,345 $4,087,532 $123,874 $(4,306,801) $43,990,205 
Fidelity Series Canada Fund 285,856 4,628,752 205,898 -- 14 228,846 4,937,570 
Fidelity Series Commodity Strategy Fund 1,042,420 23,665,613 699,565 182,674 (14,798) (851,642) 23,142,028 
Fidelity Series Corporate Bond Fund 1,846,960 29,899,528 1,708,369 437,539 8,204 1,394,748 31,441,071 
Fidelity Series Emerging Markets Debt Fund 308,801 4,519,409 247,280 115,155 (2,512) (83,055) 4,495,363 
Fidelity Series Emerging Markets Fund 320,929 5,593,148 141,494 -- (4,211) (275,484) 5,492,888 
Fidelity Series Emerging Markets Opportunities Fund 2,908,667 47,924,199 1,273,894 -- (21,762) (337,365) 49,199,845 
Fidelity Series Floating Rate High Income Fund 66,227 952,621 44,766 24,299 (153) 968 974,897 
Fidelity Series Government Bond Index Fund 2,542,458 42,358,782 2,890,776 382,478 20,663 1,452,436 43,483,563 
Fidelity Series Government Money Market Fund 2.07% 541,049 8,385,016 2,354,831 78,448 -- -- 6,571,234 
Fidelity Series High Income Fund 506,764 4,770,956 380,134 137,800 (1,286) 36,085 4,932,385 
Fidelity Series Inflation-Protected Bond Index Fund 1,914,163 39,051,667 1,520,520 50,462 6,668 769,200 40,221,178 
Fidelity Series International Growth Fund 2,412,440 34,955,780 4,418,761 -- 130,805 1,979,360 35,059,624 
Fidelity Series International Index Fund 631,642 10,207,530 347,243 -- (3,275) 162,676 10,651,330 
Fidelity Series International Small Cap Fund 628,628 8,976,692 841,964 -- 8,648 195,361 8,967,365 
Fidelity Series International Value Fund 2,365,715 35,656,204 2,332,800 -- (24,044) 322,547 35,987,622 
Fidelity Series Investment Grade Bond Fund 2,698,664 44,131,987 2,758,347 540,599 13,433 1,366,598 45,452,335 
Fidelity Series Investment Grade Securitized Fund 1,904,845 30,475,229 1,785,797 352,990 7,756 558,947 31,160,980 
Fidelity Series Large Cap Growth Index Fund 2,622,519 35,636,761 5,084,831 40,108 119,674 1,456,390 34,750,513 
Fidelity Series Large Cap Stock Fund 2,608,633 36,557,469 3,774,616 1,458,297 23,703 (604,113) 34,811,076 
Fidelity Series Large Cap Value Index Fund 4,888,512 65,439,018 7,538,429 -- 96,177 2,417,623 65,302,901 
Fidelity Series Long-Term Treasury Bond Index Fund 2,517,705 32,693,749 22,041,386 378,621 1,936,879 1,879,338 16,986,285 
Fidelity Series Overseas Fund -- 15,398,016 -- -- -- 114,930 15,512,946 
Fidelity Series Real Estate Income Fund 208,057 3,017,964 170,183 99,049 676 67,051 3,123,565 
Fidelity Series Short-Term Credit Fund 543,898 8,291,086 2,335,959 89,600 13,196 67,786 6,580,007 
Fidelity Series Small Cap Opportunities Fund 1,300,048 18,608,894 1,732,772 1,004,512 19,822 (853,713) 17,342,279 
Fidelity Series Treasury Bill Index Fund 1,569,529 24,998,729 6,877,250 220,165 4,656 18,244 19,713,908 
Fidelity Series Value Discovery Fund 1,543,092 20,601,445 2,063,295 -- 19,072 627,523 20,727,837 
 $44,078,701 $688,209,241 $81,561,505 $9,680,328 $2,481,879 $7,804,484 $661,012,800 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2025 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $650,755,077) 661,012,800  
Total Investment in Securities (cost $650,755,126)  $661,012,849 
Cash  1,153 
Receivable for investments sold  
Receivable for fund shares sold  69,828,484 
Total assets  730,842,494 
Liabilities   
Payable for investments purchased $68,885,680  
Payable for fund shares redeemed 942,804  
Accrued management fee 155,288  
Distribution and service plan fees payable 665  
Total liabilities  69,984,437 
Net Assets  $660,858,057 
Net Assets consist of:   
Paid in capital  $639,446,242 
Total accumulated earnings (loss)  21,411,815 
Net Assets  $660,858,057 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($1,305,131 ÷ 128,056 shares)(a)  $10.19 
Maximum offering price per share (100/94.25 of $10.19)  $10.81 
Class M:   
Net Asset Value and redemption price per share ($388,563 ÷ 38,178 shares)(a)  $10.18 
Maximum offering price per share (100/96.50 of $10.18)  $10.55 
Class C:   
Net Asset Value and offering price per share ($309,679 ÷ 30,538 shares)(a)  $10.14 
Fidelity Freedom Blend 2025 Fund:   
Net Asset Value, offering price and redemption price per share ($4,924,276 ÷ 482,447 shares)  $10.21 
Class K:   
Net Asset Value, offering price and redemption price per share ($13,466,542 ÷ 1,317,312 shares)  $10.22 
Class K6:   
Net Asset Value, offering price and redemption price per share ($636,563,649 ÷ 62,242,040 shares)  $10.23 
Class I:   
Net Asset Value, offering price and redemption price per share ($3,568,224 ÷ 349,315 shares)  $10.21 
Class Z:   
Net Asset Value, offering price and redemption price per share ($104,483 ÷ 10,220 shares)  $10.22 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($227,510 ÷ 22,237 shares)  $10.23 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $4,002,741 
Expenses   
Management fee $866,584  
Distribution and service plan fees 4,255  
Independent trustees' fees and expenses 851  
Total expenses  871,690 
Net investment income (loss)  3,131,051 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 2,482,885  
Capital gain distributions from underlying funds:   
Affiliated issuers 5,677,587  
Total net realized gain (loss)  8,160,472 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 7,804,484  
Total change in net unrealized appreciation (depreciation)  7,804,484 
Net gain (loss)  15,964,956 
Net increase (decrease) in net assets resulting from operations  $19,096,007 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,131,051 $88,946 
Net realized gain (loss) 8,160,472 19,024 
Change in net unrealized appreciation (depreciation) 7,804,484 2,453,239 
Net increase (decrease) in net assets resulting from operations 19,096,007 2,561,209 
Distributions to shareholders (215,881) (29,520) 
Share transactions - net increase (decrease) 597,911,072 41,535,170 
Total increase (decrease) in net assets 616,791,198 44,066,859 
Net Assets   
Beginning of period 44,066,859 – 
End of period $660,858,057 $44,066,859 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.82 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .03 
Net realized and unrealized gain (loss) .34 (.02)C 
Total from investment operations .37 .01 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.08) 
Total distributions – (.19) 
Net asset value, end of period $10.19 $9.82 
Total ReturnD,E 3.77% .29% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .76%H .76%H 
Expenses net of fee waivers, if any .76%H .76%H 
Expenses net of all reductions .76%H .76%H 
Net investment income (loss) .68%H .58%H 
Supplemental Data   
Net assets, end of period (000 omitted) $1,305 $168 
Portfolio turnover rateG 33%H 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.82 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .34 (.02)C 
Total from investment operations .36 – 
Distributions from net investment income – (.10) 
Distributions from net realized gain – (.08) 
Total distributions – (.18) 
Net asset value, end of period $10.18 $9.82 
Total ReturnD,E 3.67% .16% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.01%H 1.02%H,I 
Expenses net of fee waivers, if any 1.01%H 1.02%H,I 
Expenses net of all reductions 1.01%H 1.02%H,I 
Net investment income (loss) .43%H .32%H 
Supplemental Data   
Net assets, end of period (000 omitted) $389 $746 
Portfolio turnover rateG 33%H 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class C

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.81 $10.00 
Income from Investment Operations   
Net investment income (loss)B C (.01) 
Net realized and unrealized gain (loss) .33 (.02)D 
Total from investment operations .33 (.03) 
Distributions from net investment income – (.09) 
Distributions from net realized gain – (.08) 
Total distributions – (.16)E 
Net asset value, end of period $10.14 $9.81 
Total ReturnF,G 3.36% (.12)% 
Ratios to Average Net AssetsH,I   
Expenses before reductions 1.51%J 1.51%J 
Expenses net of fee waivers, if any 1.51%J 1.51%J 
Expenses net of all reductions 1.51%J 1.51%J 
Net investment income (loss) (.07)%J (.17)%J 
Supplemental Data   
Net assets, end of period (000 omitted) $310 $298 
Portfolio turnover rateI 33%J 23%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total distributions of $.16 per share is comprised of distributions from net investment income of $.085 and distributions from net realized gain of $.078 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns do not include the effect of the contingent deferred sales charge.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.82 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .05 
Net realized and unrealized gain (loss) .34 (.03)C 
Total from investment operations .39 .02 
Distributions from net investment income – (.13) 
Distributions from net realized gain – (.08) 
Total distributions – (.20)D 
Net asset value, end of period $10.21 $9.82 
Total ReturnE 3.97% .42% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .51%H .52%H,I 
Expenses net of fee waivers, if any .51%H .52%H,I 
Expenses net of all reductions .51%H .52%H,I 
Net investment income (loss) .93%H .83%H 
Supplemental Data   
Net assets, end of period (000 omitted) $4,924 $1,621 
Portfolio turnover rateG 33%H 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.20 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.078 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.83 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .05 
Net realized and unrealized gain (loss) .34 (.02)C 
Total from investment operations .39 .03 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.08) 
Total distributions – (.20) 
Net asset value, end of period $10.22 $9.83 
Total ReturnD 3.97% .47% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .44%G .41%G 
Expenses net of fee waivers, if any .44%G .41%G 
Expenses net of all reductions .44%G .41%G 
Net investment income (loss) 1.00%G .93%G 
Supplemental Data   
Net assets, end of period (000 omitted) $13,467 $101 
Portfolio turnover rateF 33%G 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.84 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .06 
Net realized and unrealized gain (loss) .33 (.02)C 
Total from investment operations .39 .04 
Distributions from net investment income D (.12) 
Distributions from net realized gain D (.08) 
Total distributions D (.20) 
Net asset value, end of period $10.23 $9.84 
Total ReturnE 4.01% .60% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .31%H .32%H,I 
Expenses net of fee waivers, if any .31%H .32%H,I 
Expenses net of all reductions .31%H .32%H,I 
Net investment income (loss) 1.13%H 1.02%H 
Supplemental Data   
Net assets, end of period (000 omitted) $636,564 $40,828 
Portfolio turnover rateG 33%H 23%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2025 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.83 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .05 
Net realized and unrealized gain (loss) .34 (.02)C 
Total from investment operations .38 .03 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.08) 
Total distributions – (.20) 
Net asset value, end of period $10.21 $9.83 
Total ReturnD 3.87% .43% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .54%G .51%G 
Expenses net of fee waivers, if any .54%G .51%G 
Expenses net of all reductions .54%G .51%G 
Net investment income (loss) .90%G .83%G 
Supplemental Data   
Net assets, end of period (000 omitted) $3,568 $100 
Portfolio turnover rateF 33%G 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.83 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .05 
Net realized and unrealized gain (loss) .34 (.02)C 
Total from investment operations .39 .03 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.08) 
Total distributions – (.20) 
Net asset value, end of period $10.22 $9.83 
Total ReturnD 3.97% .47% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .41%G .41%G 
Expenses net of fee waivers, if any .41%G .41%G 
Expenses net of all reductions .41%G .41%G 
Net investment income (loss) 1.03%G .93%G 
Supplemental Data   
Net assets, end of period (000 omitted) $104 $101 
Portfolio turnover rateF 33%G 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.84 $10.00 
Income from Investment Operations   
Net investment income (loss)B .06 .06 
Net realized and unrealized gain (loss) .33 (.02)C 
Total from investment operations .39 .04 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.08) 
Total distributions – (.20) 
Net asset value, end of period $10.23 $9.84 
Total ReturnD 3.96% .60% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .31%G .31%G 
Expenses net of fee waivers, if any .31%G .31%G 
Expenses net of all reductions .31%G .31%G 
Net investment income (loss) 1.13%G 1.03%G 
Supplemental Data   
Net assets, end of period (000 omitted) $228 $104 
Portfolio turnover rateF 33%G 23%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2030 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 11.8 
Fidelity Series Emerging Markets Opportunities Fund 8.3 
Fidelity Series Blue Chip Growth Fund 8.0 
Fidelity Series Large Cap Stock Fund 6.3 
Fidelity Series Large Cap Growth Index Fund 6.3 
Fidelity Series International Value Fund 6.3 
Fidelity Series International Growth Fund 6.1 
Fidelity Series Investment Grade Bond Fund 5.7 
Fidelity Series Government Bond Index Fund 5.4 
Fidelity Series Inflation-Protected Bond Index Fund 4.0 
 68.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 42.9% 
   International Equity Funds 28.8% 
   Bond Funds 27.5% 
   Short-Term Funds 0.8% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 42.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,799,623 $50,648,979 
Fidelity Series Commodity Strategy Fund (a) 4,843,949 22,233,728 
Fidelity Series Large Cap Growth Index Fund (a) 3,745,219 40,036,391 
Fidelity Series Large Cap Stock Fund (a) 2,767,873 40,106,477 
Fidelity Series Large Cap Value Index Fund (a) 5,754,170 75,149,465 
Fidelity Series Small Cap Opportunities Fund (a) 1,555,545 20,019,863 
Fidelity Series Value Discovery Fund (a) 1,838,160 23,914,462 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $273,525,785)  272,109,365 
International Equity Funds - 28.8%   
Fidelity Series Canada Fund (a) 499,753 5,532,262 
Fidelity Series Emerging Markets Fund (a) 638,728 5,882,682 
Fidelity Series Emerging Markets Opportunities Fund (a) 2,833,900 52,653,856 
Fidelity Series International Growth Fund (a) 2,370,978 38,812,913 
Fidelity Series International Index Fund (a) 1,181,926 11,901,991 
Fidelity Series International Small Cap Fund (a) 621,617 10,032,896 
Fidelity Series International Value Fund (a) 4,195,490 39,857,154 
Fidelity Series Overseas Fund (a) 1,786,313 17,720,229 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $179,324,153)  182,393,983 
Bond Funds - 27.5%   
Fidelity Series Corporate Bond Fund (a) 2,308,500 24,793,287 
Fidelity Series Emerging Markets Debt Fund (a) 457,308 4,298,693 
Fidelity Series Floating Rate High Income Fund (a) 100,010 929,091 
Fidelity Series Government Bond Index Fund (a) 3,219,977 34,292,755 
Fidelity Series High Income Fund (a) 496,647 4,718,151 
Fidelity Series Inflation-Protected Bond Index Fund (a) 2,537,445 25,577,445 
Fidelity Series Investment Grade Bond Fund (a) 3,090,293 35,847,397 
Fidelity Series Investment Grade Securitized Fund (a) 2,360,566 24,573,492 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,628,805 16,304,335 
Fidelity Series Real Estate Income Fund (a) 266,376 2,986,072 
TOTAL BOND FUNDS   
(Cost $168,421,084)  174,320,718 
Short-Term Funds - 0.8%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,063,657 1,063,657 
Fidelity Series Short-Term Credit Fund (a) 105,865 1,067,115 
Fidelity Series Treasury Bill Index Fund (a) 318,350 3,183,497 
TOTAL SHORT-TERM FUNDS   
(Cost $5,299,332)  5,314,318 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $626,570,354)  634,138,384 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (154,811) 
NET ASSETS - 100%  $633,983,573 

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 $2,215,402 $59,578,578 $6,253,455 $4,732,501 $135,612 $(5,027,158) $50,648,979 
Fidelity Series Canada Fund 183,055 5,250,799 156,197 -- 127 254,478 5,532,262 
Fidelity Series Commodity Strategy Fund 539,298 23,058,806 532,381 175,710 (16,075) (815,920) 22,233,728 
Fidelity Series Corporate Bond Fund 783,911 24,101,917 1,145,509 331,400 5,764 1,047,204 24,793,287 
Fidelity Series Emerging Markets Debt Fund 167,998 4,413,752 200,226 109,946 (2,212) (80,619) 4,298,693 
Fidelity Series Emerging Markets Fund 197,749 6,072,447 86,428 -- (2,402) (298,684) 5,882,682 
Fidelity Series Emerging Markets Opportunities Fund 1,791,612 52,029,275 778,238 -- (11,924) (376,869) 52,653,856 
Fidelity Series Floating Rate High Income Fund 36,030 930,139 37,790 23,136 (175) 887 929,091 
Fidelity Series Government Bond Index Fund 1,073,956 34,096,672 1,984,136 289,568 14,711 1,091,552 34,292,755 
Fidelity Series Government Money Market Fund 2.07% 99,943 2,573,331 1,609,617 21,666 -- -- 1,063,657 
Fidelity Series High Income Fund 280,135 4,658,394 253,102 131,523 (1,499) 34,223 4,718,151 
Fidelity Series Inflation-Protected Bond Index Fund 360,714 25,147,062 243,285 22,419 (191) 313,145 25,577,445 
Fidelity Series International Growth Fund 1,535,541 39,620,022 4,674,594 -- 136,383 2,195,561 38,812,913 
Fidelity Series International Index Fund 403,447 11,549,549 227,068 -- (1,799) 177,862 11,901,991 
Fidelity Series International Small Cap Fund 401,884 10,216,203 811,446 -- 7,891 218,364 10,032,896 
Fidelity Series International Value Fund 1,517,027 40,234,627 2,212,885 -- (28,426) 346,811 39,857,154 
Fidelity Series Investment Grade Bond Fund 1,142,086 35,581,417 1,911,534 409,377 9,504 1,025,924 35,847,397 
Fidelity Series Investment Grade Securitized Fund 808,243 24,547,069 1,207,495 267,291 5,610 420,065 24,573,492 
Fidelity Series Large Cap Growth Index Fund 1,735,738 42,030,316 5,520,238 45,985 121,261 1,669,314 40,036,391 
Fidelity Series Large Cap Stock Fund 1,722,980 42,938,358 3,865,263 1,685,366 17,030 (706,628) 40,106,477 
Fidelity Series Large Cap Value Index Fund 3,226,419 77,252,840 8,210,204 -- 98,592 2,781,818 75,149,465 
Fidelity Series Long-Term Treasury Bond Index Fund 1,414,497 33,115,007 22,042,796 369,257 1,996,446 1,821,181 16,304,335 
Fidelity Series Overseas Fund -- 17,610,084 -- -- -- 110,145 17,720,229 
Fidelity Series Real Estate Income Fund 113,275 2,948,719 140,012 95,112 785 63,305 2,986,072 
Fidelity Series Short-Term Credit Fund 100,451 2,546,825 1,604,331 23,770 12,967 11,203 1,067,115 
Fidelity Series Small Cap Opportunities Fund 860,698 21,899,925 1,763,447 1,163,236 17,633 (994,946) 20,019,863 
Fidelity Series Treasury Bill Index Fund 262,183 7,712,945 4,798,817 60,585 4,209 2,977 3,183,497 
Fidelity Series Value Discovery Fund 1,020,845 24,484,408 2,334,040 -- 17,885 725,364 23,914,462 
 $23,995,117 $676,199,486 $74,604,534 $9,957,848 $2,537,707 $6,010,559 $634,138,335 

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

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2030 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $626,570,305) 634,138,335  
Total Investment in Securities (cost $626,570,354)  $634,138,384 
Cash  956 
Receivable for fund shares sold  60,097,668 
Total assets  694,237,008 
Liabilities   
Payable for investments purchased $59,925,887  
Payable for fund shares redeemed 171,782  
Accrued management fee 155,018  
Distribution and service plan fees payable 748  
Total liabilities  60,253,435 
Net Assets  $633,983,573 
Net Assets consist of:   
Paid in capital  $614,926,905 
Total accumulated earnings (loss)  19,056,668 
Net Assets  $633,983,573 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($614,462 ÷ 61,094 shares)(a)  $10.06 
Maximum offering price per share (100/94.25 of $10.06)  $10.67 
Class M:   
Net Asset Value and redemption price per share ($502,629 ÷ 50,055 shares)(a)  $10.04 
Maximum offering price per share (100/96.50 of $10.04)  $10.40 
Class C:   
Net Asset Value and offering price per share ($506,923 ÷ 50,735 shares)(a)  $9.99 
Fidelity Freedom Blend 2030 Fund:   
Net Asset Value, offering price and redemption price per share ($2,031,828 ÷ 201,646 shares)  $10.08 
Class K:   
Net Asset Value, offering price and redemption price per share ($9,907,169 ÷ 982,187 shares)  $10.09 
Class K6:   
Net Asset Value, offering price and redemption price per share ($615,557,147 ÷ 61,002,933 shares)  $10.09 
Class I:   
Net Asset Value, offering price and redemption price per share ($4,335,549 ÷ 430,149 shares)  $10.08 
Class Z:   
Net Asset Value, offering price and redemption price per share ($111,215 ÷ 11,025 shares)  $10.09 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($416,651 ÷ 41,279 shares)  $10.09 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $3,388,360 
Expenses   
Management fee $853,438  
Distribution and service plan fees 3,695  
Independent trustees' fees and expenses 803  
Total expenses  857,936 
Net investment income (loss)  2,530,424 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 2,538,516  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,569,488  
Total net realized gain (loss)  9,108,004 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 6,010,559  
Total change in net unrealized appreciation (depreciation)  6,010,559 
Net gain (loss)  15,118,563 
Net increase (decrease) in net assets resulting from operations  $17,648,987 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,530,424 $40,104 
Net realized gain (loss) 9,108,004 (6,492) 
Change in net unrealized appreciation (depreciation) 6,010,559 1,557,471 
Net increase (decrease) in net assets resulting from operations 17,648,987 1,591,083 
Distributions to shareholders (156,191) (27,211) 
Share transactions - net increase (decrease) 592,502,076 22,424,829 
Total increase (decrease) in net assets 609,994,872 23,988,701 
Net Assets   
Beginning of period 23,988,701 – 
End of period $633,983,573 $23,988,701 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.68 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .36 (.09)C 
Total from investment operations .38 (.07) 
Distributions from net investment income – (.13) 
Distributions from net realized gain – (.12) 
Total distributions – (.25) 
Net asset value, end of period $10.06 $9.68 
Total ReturnD,E 3.93% (.45)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .77%H .78%H,I 
Expenses net of fee waivers, if any .77%H .78%H,I 
Expenses net of all reductions .77%H .78%H,I 
Net investment income (loss) .51%H .39%H 
Supplemental Data   
Net assets, end of period (000 omitted) $614 $348 
Portfolio turnover rateG 32%H 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.68 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .01 
Net realized and unrealized gain (loss) .35 (.09)C 
Total from investment operations .36 (.08) 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.12) 
Total distributions – (.24) 
Net asset value, end of period $10.04 $9.68 
Total ReturnD,E 3.72% (.56)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.02%H 1.02%H 
Expenses net of fee waivers, if any 1.02%H 1.02%H 
Expenses net of all reductions 1.02%H 1.02%H 
Net investment income (loss) .25%H .15%H 
Supplemental Data   
Net assets, end of period (000 omitted) $503 $170 
Portfolio turnover rateG 32%H 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.66 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) (.02) 
Net realized and unrealized gain (loss) .34 (.08)C 
Total from investment operations .33 (.10) 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.12) 
Total distributions – (.24) 
Net asset value, end of period $9.99 $9.66 
Total ReturnD,E 3.42% (.81)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.52%H 1.52%H 
Expenses net of fee waivers, if any 1.52%H 1.52%H 
Expenses net of all reductions 1.52%H 1.52%H 
Net investment income (loss) (.24)%H (.35)%H 
Supplemental Data   
Net assets, end of period (000 omitted) $507 $259 
Portfolio turnover rateG 32%H 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.69 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .04 
Net realized and unrealized gain (loss) .35 (.09)C 
Total from investment operations .39 (.05) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.26) 
Net asset value, end of period $10.08 $9.69 
Total ReturnD 4.02% (.26)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .52%G .52%G 
Expenses net of fee waivers, if any .52%G .52%G 
Expenses net of all reductions .52%G .52%G 
Net investment income (loss) .76%G .65%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,032 $762 
Portfolio turnover rateF 32%G 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.70 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .04 
Net realized and unrealized gain (loss) .35 (.08)C 
Total from investment operations .39 (.04) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.26) 
Net asset value, end of period $10.09 $9.70 
Total ReturnD 4.02% (.15)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .45%G .42%G 
Expenses net of fee waivers, if any .45%G .42%G 
Expenses net of all reductions .45%G .42%G 
Net investment income (loss) .83%G .75%G 
Supplemental Data   
Net assets, end of period (000 omitted) $9,907 $100 
Portfolio turnover rateF 32%G 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.70 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .05 
Net realized and unrealized gain (loss) .34 (.09)C 
Total from investment operations .39 (.04) 
Distributions from net investment income – (.14) 
Distributions from net realized gain D (.12) 
Total distributions D (.26) 
Net asset value, end of period $10.09 $9.70 
Total ReturnE 4.05% (.11)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .32%H .33%H,I 
Expenses net of fee waivers, if any .32%H .33%H,I 
Expenses net of all reductions .32%H .33%H,I 
Net investment income (loss) .96%H .84%H 
Supplemental Data   
Net assets, end of period (000 omitted) $615,557 $21,781 
Portfolio turnover rateG 32%H 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2030 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.69 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .04 
Net realized and unrealized gain (loss) .36 (.10)C 
Total from investment operations .39 (.06) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.25)D 
Net asset value, end of period $10.08 $9.69 
Total ReturnE 4.02% (.29)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .55%H .52%H 
Expenses net of fee waivers, if any .55%H .52%H 
Expenses net of all reductions .55%H .52%H 
Net investment income (loss) .72%H .65%H 
Supplemental Data   
Net assets, end of period (000 omitted) $4,336 $100 
Portfolio turnover rateG 32%H 29%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.25 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.117 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.70 $10.00 
Income from Investment Operations   
Net investment income (loss)B .04 .04 
Net realized and unrealized gain (loss) .35 (.08)C 
Total from investment operations .39 (.04) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.26) 
Net asset value, end of period $10.09 $9.70 
Total ReturnD 4.02% (.15)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .42%G .42%G 
Expenses net of fee waivers, if any .42%G .42%G 
Expenses net of all reductions .42%G .42%G 
Net investment income (loss) .85%G .75%G 
Supplemental Data   
Net assets, end of period (000 omitted) $111 $100 
Portfolio turnover rateF 32%G 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.70 $10.00 
Income from Investment Operations   
Net investment income (loss)B .05 .05 
Net realized and unrealized gain (loss) .34 (.09)C 
Total from investment operations .39 (.04) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.26) 
Net asset value, end of period $10.09 $9.70 
Total ReturnD 4.02% (.11)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .32%G .32%G 
Expenses net of fee waivers, if any .32%G .32%G 
Expenses net of all reductions .32%G .32%G 
Net investment income (loss) .96%G .85%G 
Supplemental Data   
Net assets, end of period (000 omitted) $417 $368 
Portfolio turnover rateF 32%G 29%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2035 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 14.6 
Fidelity Series Blue Chip Growth Fund 9.8 
Fidelity Series Emerging Markets Opportunities Fund 9.5 
Fidelity Series Large Cap Stock Fund 7.8 
Fidelity Series Large Cap Growth Index Fund 7.7 
Fidelity Series International Value Fund 7.5 
Fidelity Series International Growth Fund 7.3 
Fidelity Series Value Discovery Fund 4.6 
Fidelity Series Small Cap Opportunities Fund 3.9 
Fidelity Series Commodity Strategy Fund 3.5 
 76.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 51.9% 
   International Equity Funds 34.0% 
   Bond Funds 13.3% 
   Short-Term Funds 0.8% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 51.9%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 4,453,664 $59,367,344 
Fidelity Series Commodity Strategy Fund (a) 4,591,328 21,074,196 
Fidelity Series Large Cap Growth Index Fund (a) 4,386,424 46,890,878 
Fidelity Series Large Cap Stock Fund (a) 3,241,790 46,973,538 
Fidelity Series Large Cap Value Index Fund (a) 6,753,033 88,194,615 
Fidelity Series Small Cap Opportunities Fund (a) 1,815,041 23,359,581 
Fidelity Series Value Discovery Fund (a) 2,147,288 27,936,218 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $315,321,048)  313,796,370 
International Equity Funds - 34.0%   
Fidelity Series Canada Fund (a) 570,505 6,315,493 
Fidelity Series Emerging Markets Fund (a) 697,534 6,424,291 
Fidelity Series Emerging Markets Opportunities Fund (a) 3,096,182 57,527,054 
Fidelity Series International Growth Fund (a) 2,681,435 43,895,088 
Fidelity Series International Index Fund (a) 1,346,282 13,557,063 
Fidelity Series International Small Cap Fund (a) 726,232 11,721,391 
Fidelity Series International Value Fund (a) 4,746,424 45,091,028 
Fidelity Series Overseas Fund (a) 2,110,844 20,939,574 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $202,014,133)  205,470,982 
Bond Funds - 13.3%   
Fidelity Series Corporate Bond Fund (a) 772,903 8,300,977 
Fidelity Series Emerging Markets Debt Fund (a) 435,471 4,093,424 
Fidelity Series Floating Rate High Income Fund (a) 95,244 884,813 
Fidelity Series Government Bond Index Fund (a) 1,077,859 11,479,196 
Fidelity Series High Income Fund (a) 473,004 4,493,541 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,206,692 12,163,458 
Fidelity Series Investment Grade Bond Fund (a) 1,034,107 11,995,643 
Fidelity Series Investment Grade Securitized Fund (a) 790,076 8,224,686 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,553,884 15,554,381 
Fidelity Series Real Estate Income Fund (a) 253,717 2,844,170 
TOTAL BOND FUNDS   
(Cost $77,383,433)  80,034,289 
Short-Term Funds - 0.8%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,017,283 1,017,283 
Fidelity Series Short-Term Credit Fund (a) 101,250 1,020,597 
Fidelity Series Treasury Bill Index Fund (a) 304,538 3,045,376 
TOTAL SHORT-TERM FUNDS   
(Cost $5,068,846)  5,083,305 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $599,787,460)  604,384,946 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (154,285) 
NET ASSETS - 100%  $604,230,661 

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 $2,811,838 $68,986,084 $6,589,089 $5,601,082 $110,632 $(5,952,121) $59,367,344 
Fidelity Series Canada Fund 226,889 5,926,901 127,470 -- (58) 289,231 6,315,493 
Fidelity Series Commodity Strategy Fund 579,664 22,013,229 713,834 169,123 (26,291) (778,572) 21,074,196 
Fidelity Series Corporate Bond Fund 165,558 8,145,019 222,976 78,049 (130) 213,506 8,300,977 
Fidelity Series Emerging Markets Debt Fund 175,349 4,201,669 204,046 105,543 (2,052) (77,496) 4,093,424 
Fidelity Series Emerging Markets Fund 233,552 6,593,061 71,295 -- (1,809) (329,218) 6,424,291 
Fidelity Series Emerging Markets Opportunities Fund 2,118,088 56,493,806 642,314 -- (5,736) (436,790) 57,527,054 
Fidelity Series Floating Rate High Income Fund 37,584 885,386 38,805 22,209 (246) 894 884,813 
Fidelity Series Government Bond Index Fund 229,478 11,473,778 441,553 67,921 (365) 217,858 11,479,196 
Fidelity Series Government Money Market Fund 2.07% 104,467 2,479,201 1,566,385 20,824 -- -- 1,017,283 
Fidelity Series High Income Fund 290,850 4,429,601 257,814 126,252 (1,883) 32,787 4,493,541 
Fidelity Series Inflation-Protected Bond Index Fund 75,084 12,136,870 101,972 4,392 664 52,812 12,163,458 
Fidelity Series International Growth Fund 1,896,017 44,353,814 4,992,954 -- 125,580 2,512,631 43,895,088 
Fidelity Series International Index Fund 497,781 13,018,966 158,408 -- (1,087) 199,811 13,557,063 
Fidelity Series International Small Cap Fund 496,953 11,810,693 844,483 -- 5,097 253,131 11,721,391 
Fidelity Series International Value Fund 1,875,003 45,015,317 2,153,271 -- (31,322) 385,301 45,091,028 
Fidelity Series Investment Grade Bond Fund 242,753 12,011,082 464,048 96,236 165 205,691 11,995,643 
Fidelity Series Investment Grade Securitized Fund 170,816 8,248,014 278,862 62,843 83 84,635 8,224,686 
Fidelity Series Large Cap Growth Index Fund 2,202,137 48,680,402 6,067,170 53,728 121,192 1,954,317 46,890,878 
Fidelity Series Large Cap Stock Fund 2,190,163 49,751,311 4,132,900 1,986,310 (5,076) (829,960) 46,973,538 
Fidelity Series Large Cap Value Index Fund 4,101,247 89,627,070 8,884,970 -- 50,985 3,300,283 88,194,615 
Fidelity Series Long-Term Treasury Bond Index Fund 1,439,204 31,545,150 21,117,677 354,645 1,919,137 1,768,567 15,554,381 
Fidelity Series Overseas Fund -- 20,839,717 -- -- -- 99,857 20,939,574 
Fidelity Series Real Estate Income Fund 118,319 2,806,996 142,482 91,390 871 60,466 2,844,170 
Fidelity Series Short-Term Credit Fund 104,961 2,450,473 1,558,149 22,826 12,499 10,813 1,020,597 
Fidelity Series Small Cap Opportunities Fund 1,094,072 25,243,759 1,809,212 1,376,688 6,663 (1,175,701) 23,359,581 
Fidelity Series Treasury Bill Index Fund 276,660 7,429,719 4,667,938 58,252 4,049 2,886 3,045,376 
Fidelity Series Value Discovery Fund 1,297,630 28,273,546 2,498,777 -- (2,149) 865,968 27,936,218 
 $25,052,117 $644,870,634 $70,748,854 $10,298,313 $2,279,413 $2,931,587 $604,384,897 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2035 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $599,787,411) 604,384,897  
Total Investment in Securities (cost $599,787,460)  $604,384,946 
Cash  411 
Receivable for fund shares sold  52,134,883 
Total assets  656,520,240 
Liabilities   
Payable for investments purchased $52,015,667  
Payable for fund shares redeemed 119,217  
Accrued management fee 154,235  
Distribution and service plan fees payable 460  
Total liabilities  52,289,579 
Net Assets  $604,230,661 
Net Assets consist of:   
Paid in capital  $588,061,593 
Total accumulated earnings (loss)  16,169,068 
Net Assets  $604,230,661 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($640,652 ÷ 64,387 shares)(a)  $9.95 
Maximum offering price per share (100/94.25 of $9.95)  $10.56 
Class M:   
Net Asset Value and redemption price per share ($231,351 ÷ 23,308 shares)(a)  $9.93 
Maximum offering price per share (100/96.50 of $9.93)  $10.29 
Class C:   
Net Asset Value and offering price per share ($300,494 ÷ 30,360 shares)(a)  $9.90 
Fidelity Freedom Blend 2035 Fund:   
Net Asset Value, offering price and redemption price per share ($3,017,178 ÷ 302,756 shares)  $9.97 
Class K:   
Net Asset Value, offering price and redemption price per share ($11,897,579 ÷ 1,192,434 shares)  $9.98 
Class K6:   
Net Asset Value, offering price and redemption price per share ($584,838,522 ÷ 58,595,186 shares)  $9.98 
Class I:   
Net Asset Value, offering price and redemption price per share ($2,846,988 ÷ 285,553 shares)  $9.97 
Class Z:   
Net Asset Value, offering price and redemption price per share ($258,535 ÷ 25,911 shares)  $9.98 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($199,362 ÷ 19,967 shares)  $9.98 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,530,334 
Expenses   
Management fee $845,385  
Distribution and service plan fees 2,374  
Independent trustees' fees and expenses 770  
Total expenses  848,529 
Net investment income (loss)  1,681,805 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 2,279,678  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,767,979  
Total net realized gain (loss)  10,047,657 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 2,931,587  
Total change in net unrealized appreciation (depreciation)  2,931,587 
Net gain (loss)  12,979,244 
Net increase (decrease) in net assets resulting from operations  $14,661,049 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,681,805 $24,035 
Net realized gain (loss) 10,047,657 2,831 
Change in net unrealized appreciation (depreciation) 2,931,587 1,665,899 
Net increase (decrease) in net assets resulting from operations 14,661,049 1,692,765 
Distributions to shareholders (151,033) (33,713) 
Share transactions - net increase (decrease) 564,674,986 23,386,607 
Total increase (decrease) in net assets 579,185,002 25,045,659 
Net Assets   
Beginning of period 25,045,659 – 
End of period $604,230,661 $25,045,659 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.60 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 C 
Net realized and unrealized gain (loss) .34 (.15)D 
Total from investment operations .35 (.15) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.25)E 
Net asset value, end of period $9.95 $9.60 
Total ReturnF,G 3.65% (1.18)% 
Ratios to Average Net AssetsH,I   
Expenses before reductions .78%J .79%J,K 
Expenses net of fee waivers, if any .78%J .79%J,K 
Expenses net of all reductions .78%J .79%J,K 
Net investment income (loss) .21%J .09%J 
Supplemental Data   
Net assets, end of period (000 omitted) $641 $357 
Portfolio turnover rateI 31%J 16%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total distributions of $.25 per share is comprised of distributions from net investment income of $.136 and distributions from net realized gain of $.116 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

 K On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.59 $10.00 
Income from Investment Operations   
Net investment income (loss)B C (.01) 
Net realized and unrealized gain (loss) .34 (.15)D 
Total from investment operations .34 (.16) 
Distributions from net investment income – (.13) 
Distributions from net realized gain – (.12) 
Total distributions – (.25) 
Net asset value, end of period $9.93 $9.59 
Total ReturnE,F 3.55% (1.30)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.03%I 1.03%I 
Expenses net of fee waivers, if any 1.03%I 1.03%I 
Expenses net of all reductions 1.03%I 1.03%I 
Net investment income (loss) (.04)%I (.16)%I 
Supplemental Data   
Net assets, end of period (000 omitted) $231 $177 
Portfolio turnover rateH 31%I 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 The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.59 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) (.04) 
Net realized and unrealized gain (loss) .34 (.14)C 
Total from investment operations .31 (.18) 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.12) 
Total distributions – (.23) 
Net asset value, end of period $9.90 $9.59 
Total ReturnD,E 3.23% (1.56)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.53%H 1.54%H,I 
Expenses net of fee waivers, if any 1.53%H 1.54%H,I 
Expenses net of all reductions 1.53%H 1.54%H,I 
Net investment income (loss) (.54)%H (.67)%H 
Supplemental Data   
Net assets, end of period (000 omitted) $300 $207 
Portfolio turnover rateG 31%H 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.61 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .34 (.15)C 
Total from investment operations .36 (.13) 
Distributions from net investment income – (.15) 
Distributions from net realized gain – (.12) 
Total distributions – (.26)D 
Net asset value, end of period $9.97 $9.61 
Total ReturnE 3.75% (.96)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .53%H .53%H 
Expenses net of fee waivers, if any .53%H .53%H 
Expenses net of all reductions .53%H .53%H 
Net investment income (loss) .46%H .34%H 
Supplemental Data   
Net assets, end of period (000 omitted) $3,017 $984 
Portfolio turnover rateG 31%H 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.116 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.61 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .02 
Net realized and unrealized gain (loss) .34 (.15)C 
Total from investment operations .37 (.13) 
Distributions from net investment income – (.15) 
Distributions from net realized gain – (.12) 
Total distributions – (.26)D 
Net asset value, end of period $9.98 $9.61 
Total ReturnE 3.85% (.97)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .46%H .43%H 
Expenses net of fee waivers, if any .46%H .43%H 
Expenses net of all reductions .46%H .43%H 
Net investment income (loss) .53%H .44%H 
Supplemental Data   
Net assets, end of period (000 omitted) $11,898 $99 
Portfolio turnover rateG 31%H 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.116 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.61 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .03 
Net realized and unrealized gain (loss) .34 (.15)C 
Total from investment operations .37 (.12) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.12) 
Total distributions D (.27) 
Net asset value, end of period $9.98 $9.61 
Total ReturnE 3.88% (.93)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .33%H,I .34%H,I 
Expenses net of fee waivers, if any .33%H,I .34%H,I 
Expenses net of all reductions .33%H,I .34%H,I 
Net investment income (loss) .66%H .54%H 
Supplemental Data   
Net assets, end of period (000 omitted) $584,839 $22,910 
Portfolio turnover rateG 31%H 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2035 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.61 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .34 (.15)C 
Total from investment operations .36 (.13) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.12) 
Total distributions – (.26) 
Net asset value, end of period $9.97 $9.61 
Total ReturnD 3.75% (1.01)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .56%G .53%G 
Expenses net of fee waivers, if any .56%G .53%G 
Expenses net of all reductions .56%G .53%G 
Net investment income (loss) .43%G .34%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,847 $108 
Portfolio turnover rateF 31%G 16%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.61 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .02 
Net realized and unrealized gain (loss) .34 (.15)C 
Total from investment operations .37 (.13) 
Distributions from net investment income – (.15) 
Distributions from net realized gain – (.12) 
Total distributions – (.26)D 
Net asset value, end of period $9.98 $9.61 
Total ReturnE 3.85% (.97)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .43%H .43%H 
Expenses net of fee waivers, if any .43%H .43%H 
Expenses net of all reductions .43%H .43%H 
Net investment income (loss) .56%H .44%H 
Supplemental Data   
Net assets, end of period (000 omitted) $259 $103 
Portfolio turnover rateG 31%H 16%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.116 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.62 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .03 
Net realized and unrealized gain (loss) .33 (.14)C 
Total from investment operations .36 (.11) 
Distributions from net investment income – (.15) 
Distributions from net realized gain – (.12) 
Total distributions – (.27) 
Net asset value, end of period $9.98 $9.62 
Total ReturnD 3.74% (.83)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .33%G,H .33%G 
Expenses net of fee waivers, if any .33%G,H .33%G 
Expenses net of all reductions .33%G,H .33%G 
Net investment income (loss) .66%G .54%G 
Supplemental Data   
Net assets, end of period (000 omitted) $199 $99 
Portfolio turnover rateF 31%G 16%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2040 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 8.0 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.8 
 82.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2040 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 4,332,818 $57,756,459 
Fidelity Series Commodity Strategy Fund (a) 4,155,745 19,074,868 
Fidelity Series Large Cap Growth Index Fund (a) 4,272,251 45,670,367 
Fidelity Series Large Cap Stock Fund (a) 3,157,357 45,750,103 
Fidelity Series Large Cap Value Index Fund (a) 6,559,454 85,666,472 
Fidelity Series Small Cap Opportunities Fund (a) 1,777,315 22,874,041 
Fidelity Series Value Discovery Fund (a) 2,099,179 27,310,314 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $305,816,662)  304,102,624 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 548,921 6,076,561 
Fidelity Series Emerging Markets Fund (a) 662,804 6,104,422 
Fidelity Series Emerging Markets Opportunities Fund (a) 2,940,486 54,634,224 
Fidelity Series International Growth Fund (a) 2,576,740 42,181,231 
Fidelity Series International Index Fund (a) 1,294,585 13,036,469 
Fidelity Series International Small Cap Fund (a) 712,765 11,504,034 
Fidelity Series International Value Fund (a) 4,560,401 43,323,805 
Fidelity Series Overseas Fund (a) 2,056,133 20,396,839 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $194,121,973)  197,257,585 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 21,539 231,334 
Fidelity Series Emerging Markets Debt Fund (a) 390,965 3,675,069 
Fidelity Series Floating Rate High Income Fund (a) 85,505 794,345 
Fidelity Series Government Bond Index Fund (a) 14,765 157,244 
Fidelity Series High Income Fund (a) 424,658 4,034,247 
Fidelity Series Inflation-Protected Bond Index Fund (a) 873,092 8,800,772 
Fidelity Series Investment Grade Bond Fund (a) 13,000 150,801 
Fidelity Series Investment Grade Securitized Fund (a) 22,199 231,090 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,393,394 13,947,875 
Fidelity Series Real Estate Income Fund (a) 227,768 2,553,278 
TOTAL BOND FUNDS   
(Cost $32,938,399)  34,576,055 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,252,370 1,252,370 
Fidelity Series Short-Term Credit Fund (a) 124,469 1,254,649 
Fidelity Series Treasury Bill Index Fund (a) 375,032 3,750,323 
TOTAL SHORT-TERM FUNDS   
(Cost $6,243,343)  6,257,391 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $539,120,377)  542,193,655 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (141,811) 
NET ASSETS - 100%  $542,051,844 

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 $1,998,090 $67,433,216 $5,996,635 $5,424,098 $98,958 $(5,777,170) $57,756,459 
Fidelity Series Canada Fund 159,217 5,778,103 136,426 -- 91 275,576 6,076,561 
Fidelity Series Commodity Strategy Fund 415,759 20,022,046 632,571 152,702 (21,326) (709,040) 19,074,868 
Fidelity Series Corporate Bond Fund 30,666 1,006,168 860,914 13,852 42,332 13,082 231,334 
Fidelity Series Emerging Markets Debt Fund 110,026 3,853,457 216,604 95,421 (1,986) (69,824) 3,675,069 
Fidelity Series Emerging Markets Fund 162,633 6,346,158 93,926 -- (1,387) (309,056) 6,104,422 
Fidelity Series Emerging Markets Opportunities Fund 1,473,485 54,461,392 847,321 -- (6,244) (447,088) 54,634,224 
Fidelity Series Floating Rate High Income Fund 24,892 810,770 41,895 20,080 (209) 787 794,345 
Fidelity Series Government Bond Index Fund 42,493 1,505,447 1,453,495 11,838 56,101 6,698 157,244 
Fidelity Series Government Money Market Fund 2.07% 43,149 1,791,676 582,455 11,964 -- -- 1,252,370 
Fidelity Series High Income Fund 190,074 4,055,093 238,440 114,069 (1,918) 29,438 4,034,247 
Fidelity Series Inflation-Protected Bond Index Fund 50,098 8,822,922 102,104 3,937 701 29,155 8,800,772 
Fidelity Series International Growth Fund 1,337,893 43,033,992 4,712,983 -- 126,332 2,395,997 42,181,231 
Fidelity Series International Index Fund 350,998 12,717,470 218,063 -- (1,093) 187,157 13,036,469 
Fidelity Series International Small Cap Fund 350,456 11,738,590 828,497 -- 4,944 238,541 11,504,034 
Fidelity Series International Value Fund 1,318,353 43,769,981 2,081,628 -- (28,125) 345,224 43,323,805 
Fidelity Series Investment Grade Bond Fund 44,963 1,571,539 1,521,412 16,622 50,264 5,447 150,801 
Fidelity Series Investment Grade Securitized Fund 31,635 1,054,253 877,885 11,228 17,777 5,310 231,090 
Fidelity Series Large Cap Growth Index Fund 1,563,974 47,524,474 5,422,593 52,304 96,642 1,907,870 45,670,367 
Fidelity Series Large Cap Stock Fund 1,559,358 48,975,990 3,943,820 1,934,651 (8,204) (833,221) 45,750,103 
Fidelity Series Large Cap Value Index Fund 2,920,032 87,903,596 8,366,523 -- 47,795 3,161,572 85,666,472 
Fidelity Series Long-Term Treasury Bond Index Fund 590,091 18,963,505 7,551,024 194,918 423,911 1,521,392 13,947,875 
Fidelity Series Overseas Fund -- 20,312,159 -- -- -- 84,680 20,396,839 
Fidelity Series Real Estate Income Fund 78,110 2,570,007 150,606 82,118 891 54,876 2,553,278 
Fidelity Series Short-Term Credit Fund 43,158 1,367,112 166,944 13,245 224 11,099 1,254,649 
Fidelity Series Small Cap Opportunities Fund 778,965 24,921,709 1,688,656 1,327,573 3,488 (1,141,465) 22,874,041 
Fidelity Series Treasury Bill Index Fund 105,090 5,391,724 1,750,460 31,928 1,374 2,595 3,750,323 
Fidelity Series Value Discovery Fund 923,901 27,748,197 2,191,354 -- (5,141) 834,711 27,310,314 
 $16,697,559 $575,450,746 $52,675,234 $9,512,548 $896,192 $1,824,343 $542,193,606 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2040 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $539,120,328) 542,193,606  
Total Investment in Securities (cost $539,120,377)  $542,193,655 
Cash  170 
Receivable for investments sold  30,882 
Receivable for fund shares sold  49,081,089 
Total assets  591,305,796 
Liabilities   
Payable for investments purchased $49,077,842  
Payable for fund shares redeemed 34,130  
Accrued management fee 141,573  
Distribution and service plan fees payable 407  
Total liabilities  49,253,952 
Net Assets  $542,051,844 
Net Assets consist of:   
Paid in capital  $529,530,929 
Total accumulated earnings (loss)  12,520,915 
Net Assets  $542,051,844 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($430,883 ÷ 43,692 shares)(a)  $9.86 
Maximum offering price per share (100/94.25 of $9.86)  $10.46 
Class M:   
Net Asset Value and redemption price per share ($171,668 ÷ 17,420 shares)(a)  $9.85 
Maximum offering price per share (100/96.50 of $9.85)  $10.21 
Class C:   
Net Asset Value and offering price per share ($313,719 ÷ 31,946 shares)(a)  $9.82 
Fidelity Freedom Blend 2040 Fund:   
Net Asset Value, offering price and redemption price per share ($2,332,781 ÷ 236,013 shares)  $9.88 
Class K:   
Net Asset Value, offering price and redemption price per share ($8,760,128 ÷ 884,910 shares)  $9.90 
Class K6:   
Net Asset Value, offering price and redemption price per share ($527,677,718 ÷ 53,286,493 shares)  $9.90 
Class I:   
Net Asset Value, offering price and redemption price per share ($2,157,607 ÷ 218,115 shares)  $9.89 
Class Z:   
Net Asset Value, offering price and redemption price per share ($102,219 ÷ 10,325 shares)  $9.90 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($105,121 ÷ 10,612 shares)  $9.91 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,990,894 
Expenses   
Management fee $786,221  
Distribution and service plan fees 2,072  
Independent trustees' fees and expenses 695  
Total expenses  788,988 
Net investment income (loss)  1,201,906 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 896,215  
Capital gain distributions from underlying funds:   
Affiliated issuers 7,521,654  
Total net realized gain (loss)  8,417,869 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,824,343  
Total change in net unrealized appreciation (depreciation)  1,824,343 
Net gain (loss)  10,242,212 
Net increase (decrease) in net assets resulting from operations  $11,444,118 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,201,906 $14,391 
Net realized gain (loss) 8,417,869 (17,231) 
Change in net unrealized appreciation (depreciation) 1,824,343 1,248,935 
Net increase (decrease) in net assets resulting from operations 11,444,118 1,246,095 
Distributions to shareholders (137,987) (31,311) 
Share transactions - net increase (decrease) 514,052,642 15,478,287 
Total increase (decrease) in net assets 525,358,773 16,693,071 
Net Assets   
Beginning of period 16,693,071 – 
End of period $542,051,844 $16,693,071 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.55 $10.00 
Income from Investment Operations   
Net investment income (loss)B C C 
Net realized and unrealized gain (loss) .31 (.17)D 
Total from investment operations .31 (.17) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.28) 
Net asset value, end of period $9.86 $9.55 
Total ReturnE,F 3.25% (1.39)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .79%I .80%I,J 
Expenses net of fee waivers, if any .79%I .80%I,J 
Expenses net of all reductions .79%I .80%I,J 
Net investment income (loss) .07%I .01%I 
Supplemental Data   
Net assets, end of period (000 omitted) $431 $255 
Portfolio turnover rateH 26%I 17%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.55 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) (.01) 
Net realized and unrealized gain (loss) .31 (.18)C 
Total from investment operations .30 (.19) 
Distributions from net investment income – (.12) 
Distributions from net realized gain – (.14) 
Total distributions – (.26) 
Net asset value, end of period $9.85 $9.55 
Total ReturnD,E 3.14% (1.59)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.04%H 1.04%H 
Expenses net of fee waivers, if any 1.04%H 1.04%H 
Expenses net of all reductions 1.04%H 1.04%H 
Net investment income (loss) (.18)%H (.23)%H 
Supplemental Data   
Net assets, end of period (000 omitted) $172 $131 
Portfolio turnover rateG 26%H 17%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) (.04) 
Net realized and unrealized gain (loss) .31 (.18)C 
Total from investment operations .28 (.22) 
Distributions from net investment income – (.11) 
Distributions from net realized gain – (.14) 
Total distributions – (.24)D 
Net asset value, end of period $9.82 $9.54 
Total ReturnE,F 2.94% (1.88)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.54%I 1.55%I,J 
Expenses net of fee waivers, if any 1.54%I 1.55%I,J 
Expenses net of all reductions 1.54%I 1.55%I,J 
Net investment income (loss) (.68)%I (.74)%I 
Supplemental Data   
Net assets, end of period (000 omitted) $314 $208 
Portfolio turnover rateH 26%I 17%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.24 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.136 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.55 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .01 
Net realized and unrealized gain (loss) .31 (.18)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.28) 
Net asset value, end of period $9.88 $9.55 
Total ReturnD 3.46% (1.35)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .54%G .54%G 
Expenses net of fee waivers, if any .54%G .54%G 
Expenses net of all reductions .54%G .54%G 
Net investment income (loss) .32%G .27%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,333 $590 
Portfolio turnover rateF 26%G 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .31 (.17)C 
Total from investment operations .33 (.15) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.28) 
Net asset value, end of period $9.90 $9.57 
Total ReturnD 3.45% (1.19)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .47%G .44%G 
Expenses net of fee waivers, if any .47%G .44%G 
Expenses net of all reductions .47%G .44%G 
Net investment income (loss) .39%G .37%G 
Supplemental Data   
Net assets, end of period (000 omitted) $8,760 $99 
Portfolio turnover rateF 26%G 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .02 
Net realized and unrealized gain (loss) .30 (.17)C 
Total from investment operations .33 (.15) 
Distributions from net investment income – (.14) 
Distributions from net realized gain D (.14) 
Total distributions D (.28) 
Net asset value, end of period $9.90 $9.57 
Total ReturnE 3.48% (1.14)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .35%H,I 
Expenses net of fee waivers, if any .34%H .35%H,I 
Expenses net of all reductions .34%H .35%H,I 
Net investment income (loss) .52%H .46%H 
Supplemental Data   
Net assets, end of period (000 omitted) $527,678 $14,956 
Portfolio turnover rateG 26%H 17%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2040 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .01 
Net realized and unrealized gain (loss) .32 (.18)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.27)D 
Net asset value, end of period $9.89 $9.56 
Total ReturnE 3.45% (1.33)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .57%H .54%H 
Expenses net of fee waivers, if any .57%H .54%H 
Expenses net of all reductions .57%H .54%H 
Net investment income (loss) .30%H .27%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,158 $100 
Portfolio turnover rateG 26%H 17%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.27 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.136 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .02 
Net realized and unrealized gain (loss) .31 (.17)C 
Total from investment operations .33 (.15) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.28) 
Net asset value, end of period $9.90 $9.57 
Total ReturnD 3.45% (1.19)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .44%G .44%G 
Expenses net of fee waivers, if any .44%G .44%G 
Expenses net of all reductions .44%G .44%G 
Net investment income (loss) .42%G .37%G 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateF 26%G 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .03 
Net realized and unrealized gain (loss) .31 (.18)C 
Total from investment operations .34 (.15) 
Distributions from net investment income – (.14) 
Distributions from net realized gain – (.14) 
Total distributions – (.28) 
Net asset value, end of period $9.91 $9.57 
Total ReturnD 3.55% (1.14)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .34%G .34%G 
Expenses net of fee waivers, if any .34%G .34%G 
Expenses net of all reductions .34%G .34%G 
Net investment income (loss) .52%G .47%G 
Supplemental Data   
Net assets, end of period (000 omitted) $105 $256 
Portfolio turnover rateF 26%G 17%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2045 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 8.0 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.8 
 82.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2045 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 3,660,204 $48,790,525 
Fidelity Series Commodity Strategy Fund (a) 3,510,507 16,113,228 
Fidelity Series Large Cap Growth Index Fund (a) 3,609,000 38,580,205 
Fidelity Series Large Cap Stock Fund (a) 2,667,185 38,647,515 
Fidelity Series Large Cap Value Index Fund (a) 5,541,119 72,367,011 
Fidelity Series Small Cap Opportunities Fund (a) 1,501,390 19,322,885 
Fidelity Series Value Discovery Fund (a) 1,773,277 23,070,337 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $258,653,408)  256,891,706 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 463,715 5,133,320 
Fidelity Series Emerging Markets Fund (a) 559,910 5,156,770 
Fidelity Series Emerging Markets Opportunities Fund (a) 2,484,007 46,152,858 
Fidelity Series International Growth Fund (a) 2,176,125 35,623,174 
Fidelity Series International Index Fund (a) 1,093,615 11,012,703 
Fidelity Series International Small Cap Fund (a) 602,773 9,728,764 
Fidelity Series International Value Fund (a) 3,851,158 36,586,000 
Fidelity Series Overseas Fund (a) 1,738,017 17,241,125 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $164,122,175)  166,634,714 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 18,202 195,488 
Fidelity Series Emerging Markets Debt Fund (a) 330,306 3,104,877 
Fidelity Series Floating Rate High Income Fund (a) 72,229 671,010 
Fidelity Series Government Bond Index Fund (a) 12,490 133,017 
Fidelity Series High Income Fund (a) 358,730 3,407,938 
Fidelity Series Inflation-Protected Bond Index Fund (a) 737,642 7,435,428 
Fidelity Series Investment Grade Bond Fund (a) 11,006 127,669 
Fidelity Series Investment Grade Securitized Fund (a) 18,759 195,280 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 1,177,065 11,782,424 
Fidelity Series Real Estate Income Fund (a) 192,402 2,156,832 
TOTAL BOND FUNDS   
(Cost $27,836,466)  29,209,963 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 1,057,702 1,057,702 
Fidelity Series Short-Term Credit Fund (a) 105,122 1,059,627 
Fidelity Series Treasury Bill Index Fund (a) 316,734 3,167,342 
TOTAL SHORT-TERM FUNDS   
(Cost $5,272,954)  5,284,720 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $455,885,003)  458,021,103 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (119,693) 
NET ASSETS - 100%  $457,901,410 

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 $1,199,178 $57,107,476 $4,717,338 $4,573,281 $64,301 $(4,863,092) $48,790,525 
Fidelity Series Canada Fund 95,692 4,900,715 94,316 -- (377) 231,606 5,133,320 
Fidelity Series Commodity Strategy Fund 249,482 16,972,017 491,605 128,750 (19,359) (597,307) 16,113,228 
Fidelity Series Corporate Bond Fund 18,407 849,942 719,560 11,645 35,617 11,082 195,488 
Fidelity Series Emerging Markets Debt Fund 66,074 3,269,154 170,182 80,240 (1,590) (58,579) 3,104,877 
Fidelity Series Emerging Markets Fund 97,619 5,382,853 63,034 -- (1,474) (259,194) 5,156,770 
Fidelity Series Emerging Markets Opportunities Fund 884,347 46,212,160 568,073 -- (8,227) (367,349) 46,152,858 
Fidelity Series Floating Rate High Income Fund 15,020 688,238 32,694 16,884 (203) 649 671,010 
Fidelity Series Government Bond Index Fund 25,506 1,271,482 1,216,892 9,951 47,155 5,766 133,017 
Fidelity Series Government Money Market Fund 2.07% 24,914 1,518,710 485,922 10,056 -- -- 1,057,702 
Fidelity Series High Income Fund 114,085 3,442,594 171,827 95,913 (1,708) 24,794 3,407,938 
Fidelity Series Inflation-Protected Bond Index Fund 30,053 7,461,199 80,833 3,315 528 24,481 7,435,428 
Fidelity Series International Growth Fund 802,954 36,482,211 3,783,525 -- 99,959 2,021,575 35,623,174 
Fidelity Series International Index Fund 210,707 10,788,268 142,915 -- (1,420) 158,063 11,012,703 
Fidelity Series International Small Cap Fund 210,381 9,953,591 639,639 -- 2,784 201,647 9,728,764 
Fidelity Series International Value Fund 791,791 37,096,647 1,567,820 -- (25,344) 290,726 36,586,000 
Fidelity Series Investment Grade Bond Fund 26,988 1,327,549 1,273,803 13,973 42,277 4,658 127,669 
Fidelity Series Investment Grade Securitized Fund 18,989 890,654 733,810 9,441 14,938 4,509 195,280 
Fidelity Series Large Cap Growth Index Fund 938,629 40,345,253 4,386,911 44,097 79,513 1,603,721 38,580,205 
Fidelity Series Large Cap Stock Fund 935,872 41,547,957 3,128,184 1,626,392 (8,402) (699,728) 38,647,515 
Fidelity Series Large Cap Value Index Fund 1,752,511 74,555,666 6,641,218 -- 31,320 2,668,732 72,367,011 
Fidelity Series Long-Term Treasury Bond Index Fund 354,119 16,179,380 6,391,355 163,864 353,767 1,286,513 11,782,424 
Fidelity Series Overseas Fund -- 17,169,203 -- -- -- 71,922 17,241,125 
Fidelity Series Real Estate Income Fund 46,880 2,181,680 118,604 69,165 650 46,226 2,156,832 
Fidelity Series Short-Term Credit Fund 24,919 1,159,827 134,659 11,134 166 9,374 1,059,627 
Fidelity Series Small Cap Opportunities Fund 467,510 21,165,513 1,351,788 1,119,304 (1,543) (956,807) 19,322,885 
Fidelity Series Treasury Bill Index Fund 64,069 4,559,704 1,459,789 26,838 1,161 2,197 3,167,342 
Fidelity Series Value Discovery Fund 554,496 23,567,222 1,748,927 -- (8,693) 706,239 23,070,337 
 $10,021,192 $488,046,865 $42,315,223 $8,014,243 $695,796 $1,572,424 $458,021,054 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2045 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $455,884,954) 458,021,054  
Total Investment in Securities (cost $455,885,003)  $458,021,103 
Cash  166 
Receivable for investments sold  25,848 
Receivable for fund shares sold  41,895,972 
Total assets  499,943,089 
Liabilities   
Payable for investments purchased $41,839,452  
Payable for fund shares redeemed 82,368  
Accrued management fee 119,470  
Distribution and service plan fees payable 389  
Total liabilities  42,041,679 
Net Assets  $457,901,410 
Net Assets consist of:   
Paid in capital  $447,825,921 
Total accumulated earnings (loss)  10,075,489 
Net Assets  $457,901,410 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($604,653 ÷ 61,262 shares)(a)  $9.87 
Maximum offering price per share (100/94.25 of $9.87)  $10.47 
Class M:   
Net Asset Value and redemption price per share ($195,297 ÷ 19,837 shares)(a)  $9.85 
Maximum offering price per share (100/96.50 of $9.85)  $10.21 
Class C:   
Net Asset Value and offering price per share ($227,435 ÷ 23,170 shares)(a)  $9.82 
Fidelity Freedom Blend 2045 Fund:   
Net Asset Value, offering price and redemption price per share ($1,649,860 ÷ 166,936 shares)  $9.88 
Class K:   
Net Asset Value, offering price and redemption price per share ($7,777,336 ÷ 785,790 shares)  $9.90 
Class K6:   
Net Asset Value, offering price and redemption price per share ($445,150,514 ÷ 44,951,976 shares)  $9.90 
Class I:   
Net Asset Value, offering price and redemption price per share ($2,065,487 ÷ 208,844 shares)  $9.89 
Class Z:   
Net Asset Value, offering price and redemption price per share ($103,021 ÷ 10,408 shares)  $9.90 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($127,807 ÷ 12,903 shares)  $9.91 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,673,429 
Expenses   
Management fee $661,338  
Distribution and service plan fees 1,994  
Independent trustees' fees and expenses 583  
Total expenses  663,915 
Net investment income (loss)  1,009,514 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 695,814  
Capital gain distributions from underlying funds:   
Affiliated issuers 6,340,814  
Total net realized gain (loss)  7,036,628 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,572,424  
Total change in net unrealized appreciation (depreciation)  1,572,424 
Net gain (loss)  8,609,052 
Net increase (decrease) in net assets resulting from operations  $9,618,566 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,009,514 $21,701 
Net realized gain (loss) 7,036,628 27,615 
Change in net unrealized appreciation (depreciation) 1,572,424 563,676 
Net increase (decrease) in net assets resulting from operations 9,618,566 612,992 
Distributions to shareholders (116,191) (39,877) 
Share transactions - net increase (decrease) 438,380,473 9,445,447 
Total increase (decrease) in net assets 447,882,848 10,018,562 
Net Assets   
Beginning of period 10,018,562 – 
End of period $457,901,410 $10,018,562 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.55 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .03 
Net realized and unrealized gain (loss) .32 (.22)D 
Total from investment operations .32 (.19) 
Distributions from net investment income – (.15) 
Distributions from net realized gain C (.11) 
Total distributions C (.26) 
Net asset value, end of period $9.87 $9.55 
Total ReturnE,F 3.36% (1.56)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .79%I .79%I 
Expenses net of fee waivers, if any .79%I .79%I 
Expenses net of all reductions .79%I .79%I 
Net investment income (loss) .07%I .64%I 
Supplemental Data   
Net assets, end of period (000 omitted) $605 $253 
Portfolio turnover rateH 25%I 19%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .02 
Net realized and unrealized gain (loss) .32 (.22)C 
Total from investment operations .31 (.20) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.11) 
Total distributions D (.26) 
Net asset value, end of period $9.85 $9.54 
Total ReturnE,F 3.26% (1.68)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.04%I 1.04%I 
Expenses net of fee waivers, if any 1.04%I 1.04%I 
Expenses net of all reductions 1.04%I 1.04%I 
Net investment income (loss) (.18)%I .39%I 
Supplemental Data   
Net assets, end of period (000 omitted) $195 $160 
Portfolio turnover rateH 25%I 19%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D 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 sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) (.01) 
Net realized and unrealized gain (loss) .31 (.21)C 
Total from investment operations .28 (.22) 
Distributions from net investment income – (.13) 
Distributions from net realized gain D (.11) 
Total distributions D (.24) 
Net asset value, end of period $9.82 $9.54 
Total ReturnE,F 2.95% (1.91)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.54%I 1.55%I,J 
Expenses net of fee waivers, if any 1.54%I 1.55%I,J 
Expenses net of all reductions 1.54%I 1.55%I,J 
Net investment income (loss) (.68)%I (.12)%I 
Supplemental Data   
Net assets, end of period (000 omitted) $227 $157 
Portfolio turnover rateH 25%I 19%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

 J On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .05 
Net realized and unrealized gain (loss) .30 (.22)C 
Total from investment operations .32 (.17) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.88 $9.56 
Total ReturnE 3.36% (1.31)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .54%H .55%H,I 
Expenses net of fee waivers, if any .54%H .55%H,I 
Expenses net of all reductions .54%H .55%H,I 
Net investment income (loss) .32%H .88%H 
Supplemental Data   
Net assets, end of period (000 omitted) $1,650 $748 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class K

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .05 
Net realized and unrealized gain (loss) .32 (.22)C 
Total from investment operations .34 (.17) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.90 $9.56 
Total ReturnE 3.57% (1.35)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .47%H .44%H 
Expenses net of fee waivers, if any .47%H .44%H 
Expenses net of all reductions .47%H .44%H 
Net investment income (loss) .39%H .99%H 
Supplemental Data   
Net assets, end of period (000 omitted) $7,777 $99 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .06 
Net realized and unrealized gain (loss) .30 (.22)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.90 $9.57 
Total ReturnE 3.48% (1.21)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .35%H,I 
Expenses net of fee waivers, if any .34%H .35%H,I 
Expenses net of all reductions .34%H .35%H,I 
Net investment income (loss) .52%H 1.08%H 
Supplemental Data   
Net assets, end of period (000 omitted) $445,151 $8,306 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2045 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .05 
Net realized and unrealized gain (loss) .32 (.22)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.89 $9.56 
Total ReturnE 3.46% (1.38)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .57%H .54%H 
Expenses net of fee waivers, if any .57%H .54%H 
Expenses net of all reductions .57%H .54%H 
Net investment income (loss) .29%H .89%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,065 $99 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .05 
Net realized and unrealized gain (loss) .32 (.22)C 
Total from investment operations .34 (.17) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.90 $9.56 
Total ReturnE 3.57% (1.35)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .44%H .44%H 
Expenses net of fee waivers, if any .44%H .44%H 
Expenses net of all reductions .44%H .44%H 
Net investment income (loss) .42%H .99%H 
Supplemental Data   
Net assets, end of period (000 omitted) $103 $99 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.57 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .06 
Net realized and unrealized gain (loss) .31 (.22)C 
Total from investment operations .34 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.11) 
Total distributions D (.27) 
Net asset value, end of period $9.91 $9.57 
Total ReturnE 3.56% (1.21)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .34%H 
Expenses net of fee waivers, if any .34%H .34%H 
Expenses net of all reductions .34%H .34%H 
Net investment income (loss) .52%H 1.09%H 
Supplemental Data   
Net assets, end of period (000 omitted) $128 $99 
Portfolio turnover rateG 25%H 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 Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2050 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 8.0 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.8 
 82.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2050 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 2,737,531 $36,491,286 
Fidelity Series Commodity Strategy Fund (a) 2,623,866 12,043,543 
Fidelity Series Large Cap Growth Index Fund (a) 2,698,068 28,842,343 
Fidelity Series Large Cap Stock Fund (a) 1,993,858 28,891,006 
Fidelity Series Large Cap Value Index Fund (a) 4,142,266 54,097,992 
Fidelity Series Small Cap Opportunities Fund (a) 1,122,389 14,445,145 
Fidelity Series Value Discovery Fund (a) 1,325,406 17,243,538 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $193,234,090)  192,054,853 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 347,084 3,842,215 
Fidelity Series Emerging Markets Fund (a) 418,632 3,855,602 
Fidelity Series Emerging Markets Opportunities Fund (a) 1,857,337 34,509,330 
Fidelity Series International Growth Fund (a) 1,625,818 26,614,648 
Fidelity Series International Index Fund (a) 818,809 8,245,402 
Fidelity Series International Small Cap Fund (a) 451,713 7,290,649 
Fidelity Series International Value Fund (a) 2,874,792 27,310,523 
Fidelity Series Overseas Fund (a) 1,300,969 12,905,608 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $122,720,210)  124,573,977 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 13,285 142,681 
Fidelity Series Emerging Markets Debt Fund (a) 247,224 2,323,905 
Fidelity Series Floating Rate High Income Fund (a) 54,054 502,165 
Fidelity Series Government Bond Index Fund (a) 9,157 97,518 
Fidelity Series High Income Fund (a) 268,277 2,548,631 
Fidelity Series Inflation-Protected Bond Index Fund (a) 555,213 5,596,542 
Fidelity Series Investment Grade Bond Fund (a) 8,171 94,781 
Fidelity Series Investment Grade Securitized Fund (a) 13,692 142,530 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 879,708 8,805,873 
Fidelity Series Real Estate Income Fund (a) 143,840 1,612,448 
TOTAL BOND FUNDS   
(Cost $20,871,569)  21,867,074 
Short-Term Funds - 1.1%   
Fidelity Cash Central Fund 1.96% (b) 49 49 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 783,887 783,887 
Fidelity Series Short-Term Credit Fund (a) 77,905 785,283 
Fidelity Series Treasury Bill Index Fund (a) 234,637 2,346,372 
TOTAL SHORT-TERM FUNDS   
(Cost $3,907,019)  3,915,591 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $340,732,888)  342,411,495 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (86,931) 
NET ASSETS - 100%  $342,324,564 

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 $1,055,521 $42,377,081 $3,462,517 $3,307,598 $28,691 $(3,507,490) $36,491,286 
Fidelity Series Canada Fund 84,153 3,665,010 73,143 -- (103) 166,298 3,842,215 
Fidelity Series Commodity Strategy Fund 220,094 12,638,027 373,161 93,111 (13,848) (427,569) 12,043,543 
Fidelity Series Corporate Bond Fund 16,200 608,481 515,555 8,353 25,545 8,010 142,681 
Fidelity Series Emerging Markets Debt Fund 57,727 2,436,290 126,752 57,554 (1,184) (42,176) 2,323,905 
Fidelity Series Emerging Markets Fund 85,942 4,006,971 50,752 -- (805) (185,754) 3,855,602 
Fidelity Series Emerging Markets Opportunities Fund 778,683 34,455,006 457,352 -- (3,502) (263,505) 34,509,330 
Fidelity Series Floating Rate High Income Fund 13,148 513,174 24,448 12,111 (144) 435 502,165 
Fidelity Series Government Bond Index Fund 22,448 910,736 873,642 7,129 33,817 4,159 97,518 
Fidelity Series Government Money Market Fund 2.07% 22,152 1,111,865 350,130 7,219 -- -- 783,887 
Fidelity Series High Income Fund 100,406 2,566,763 135,030 68,832 (1,127) 17,619 2,548,631 
Fidelity Series Inflation-Protected Bond Index Fund 26,459 5,619,514 67,106 2,384 323 17,352 5,596,542 
Fidelity Series International Growth Fund 706,766 27,138,800 2,748,485 -- 57,612 1,459,955 26,614,648 
Fidelity Series International Index Fund 185,466 8,060,997 113,791 -- (563) 113,293 8,245,402 
Fidelity Series International Small Cap Fund 184,820 7,433,865 474,340 -- 21 146,283 7,290,649 
Fidelity Series International Value Fund 697,133 27,586,443 1,165,285 -- (20,295) 212,527 27,310,523 
Fidelity Series Investment Grade Bond Fund 23,752 952,394 915,005 10,011 30,287 3,353 94,781 
Fidelity Series Investment Grade Securitized Fund 16,712 638,763 526,872 6,765 10,674 3,253 142,530 
Fidelity Series Large Cap Growth Index Fund 826,189 30,045,402 3,231,984 31,499 45,126 1,157,610 28,842,343 
Fidelity Series Large Cap Stock Fund 823,755 30,911,395 2,336,624 1,168,712 (15,310) (492,210) 28,891,006 
Fidelity Series Large Cap Value Index Fund 1,542,556 55,478,417 4,865,927 -- 17,640 1,925,306 54,097,992 
Fidelity Series Long-Term Treasury Bond Index Fund 311,708 11,916,852 4,598,535 117,431 245,941 929,907 8,805,873 
Fidelity Series Overseas Fund -- 12,853,494 -- -- -- 52,114 12,905,608 
Fidelity Series Real Estate Income Fund 41,263 1,625,904 88,280 49,781 437 33,124 1,612,448 
Fidelity Series Short-Term Credit Fund 22,157 833,115 76,822 8,000 36 6,797 785,283 
Fidelity Series Small Cap Opportunities Fund 411,502 15,757,126 1,029,567 809,518 (2,466) (691,450) 14,445,145 
Fidelity Series Treasury Bill Index Fund 55,928 3,339,697 1,051,684 19,247 830 1,601 2,346,372 
Fidelity Series Value Discovery Fund 488,066 17,570,050 1,316,868 -- (4,708) 506,998 17,243,538 
 $8,820,706 $363,051,632 $31,049,657 $5,785,255 $432,925 $1,155,840 $342,411,446 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2050 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $49) $49  
Other affiliated issuers (cost $340,732,839) 342,411,446  
Total Investment in Securities (cost $340,732,888)  $342,411,495 
Cash  160 
Receivable for investments sold  863 
Receivable for fund shares sold  41,494,239 
Total assets  383,906,757 
Liabilities   
Payable for investments purchased $41,446,878  
Payable for fund shares redeemed 48,223  
Accrued management fee 86,602  
Distribution and service plan fees payable 490  
Total liabilities  41,582,193 
Net Assets  $342,324,564 
Net Assets consist of:   
Paid in capital  $334,985,949 
Total accumulated earnings (loss)  7,338,615 
Net Assets  $342,324,564 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($567,362 ÷ 57,773 shares)(a)  $9.82 
Maximum offering price per share (100/94.25 of $9.82)  $10.42 
Class M:   
Net Asset Value and redemption price per share ($257,192 ÷ 26,234 shares)(a)  $9.80 
Maximum offering price per share (100/96.50 of $9.80)  $10.16 
Class C:   
Net Asset Value and offering price per share ($323,925 ÷ 33,158 shares)(a)  $9.77 
Fidelity Freedom Blend 2050 Fund:   
Net Asset Value, offering price and redemption price per share ($1,285,430 ÷ 130,689 shares)  $9.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($5,619,585 ÷ 570,726 shares)  $9.85 
Class K6:   
Net Asset Value, offering price and redemption price per share ($331,632,967 ÷ 33,662,527 shares)  $9.85 
Class I:   
Net Asset Value, offering price and redemption price per share ($2,433,761 ÷ 247,358 shares)  $9.84 
Class Z:   
Net Asset Value, offering price and redemption price per share ($102,116 ÷ 10,370 shares)  $9.85 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($102,226 ÷ 10,374 shares)  $9.85 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $1,202,120 
Expenses   
Management fee $474,968  
Distribution and service plan fees 2,129  
Independent trustees' fees and expenses 418  
Total expenses  477,515 
Net investment income (loss)  724,605 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 432,937  
Capital gain distributions from underlying funds:   
Affiliated issuers 4,583,135  
Total net realized gain (loss)  5,016,072 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 1,155,840  
Total change in net unrealized appreciation (depreciation)  1,155,840 
Net gain (loss)  6,171,912 
Net increase (decrease) in net assets resulting from operations  $6,896,517 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $724,605 $12,692 
Net realized gain (loss) 5,016,072 18,850 
Change in net unrealized appreciation (depreciation) 1,155,840 522,767 
Net increase (decrease) in net assets resulting from operations 6,896,517 554,309 
Distributions to shareholders (83,417) (28,794) 
Share transactions - net increase (decrease) 326,693,110 8,292,839 
Total increase (decrease) in net assets 333,506,210 8,818,354 
Net Assets   
Beginning of period 8,818,354 – 
End of period $342,324,564 $8,818,354 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .02 
Net realized and unrealized gain (loss) .31 (.21)D 
Total from investment operations .31 (.19) 
Distributions from net investment income – (.14) 
Distributions from net realized gain C (.16) 
Total distributions C (.30) 
Net asset value, end of period $9.82 $9.51 
Total ReturnE,F 3.27% (1.50)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .79%I .79%I 
Expenses net of fee waivers, if any .79%I .79%I 
Expenses net of all reductions .79%I .79%I 
Net investment income (loss) .07%I .31%I 
Supplemental Data   
Net assets, end of period (000 omitted) $567 $239 
Portfolio turnover rateH 25%I 12%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) C 
Net realized and unrealized gain (loss) .30 (.20)D 
Total from investment operations .29 (.20) 
Distributions from net investment income – (.13) 
Distributions from net realized gain C (.16) 
Total distributions C (.29) 
Net asset value, end of period $9.80 $9.51 
Total ReturnE,F 3.06% (1.60)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.04%I 1.04%I 
Expenses net of fee waivers, if any 1.04%I 1.04%I 
Expenses net of all reductions 1.04%I 1.04%I 
Net investment income (loss) (.18)%I .07%I 
Supplemental Data   
Net assets, end of period (000 omitted) $257 $99 
Portfolio turnover rateH 25%I 12%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the sales charges.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.50 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) (.02) 
Net realized and unrealized gain (loss) .30 (.20)C 
Total from investment operations .27 (.22) 
Distributions from net investment income – (.12) 
Distributions from net realized gain D (.16) 
Total distributions D (.28) 
Net asset value, end of period $9.77 $9.50 
Total ReturnE,F 2.85% (1.89)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.54%I 1.54%I 
Expenses net of fee waivers, if any 1.54%I 1.54%I 
Expenses net of all reductions 1.54%I 1.54%I 
Net investment income (loss) (.68)%I (.43)%I 
Supplemental Data   
Net assets, end of period (000 omitted) $324 $137 
Portfolio turnover rateH 25%I 12%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C 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 by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .03 
Net realized and unrealized gain (loss) .31 (.21)C 
Total from investment operations .33 (.18) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.31) 
Net asset value, end of period $9.84 $9.51 
Total ReturnE 3.48% (1.39)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .54%H .54%H 
Expenses net of fee waivers, if any .54%H .54%H 
Expenses net of all reductions .54%H .54%H 
Net investment income (loss) .32%H .57%H 
Supplemental Data   
Net assets, end of period (000 omitted) $1,285 $466 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .04 
Net realized and unrealized gain (loss) .31 (.21)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.31) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.48% (1.28)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .47%H .44%H 
Expenses net of fee waivers, if any .47%H .44%H 
Expenses net of all reductions .47%H .44%H 
Net investment income (loss) .40%H .67%H 
Supplemental Data   
Net assets, end of period (000 omitted) $5,620 $99 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .04 
Net realized and unrealized gain (loss) .30 (.20)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.16) 
Total distributions D (.32) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.50% (1.25)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .35%H,I 
Expenses net of fee waivers, if any .34%H .35%H,I 
Expenses net of all reductions .34%H .35%H,I 
Net investment income (loss) .52%H .76%H 
Supplemental Data   
Net assets, end of period (000 omitted) $331,633 $7,480 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2050 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .03 
Net realized and unrealized gain (loss) .31 (.20)C 
Total from investment operations .32 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.31) 
Net asset value, end of period $9.84 $9.52 
Total ReturnE 3.37% (1.32)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .57%H .54%H 
Expenses net of fee waivers, if any .57%H .54%H 
Expenses net of all reductions .57%H .54%H 
Net investment income (loss) .29%H .57%H 
Supplemental Data   
Net assets, end of period (000 omitted) $2,434 $101 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .04 
Net realized and unrealized gain (loss) .31 (.21)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.31) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.48% (1.28)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .44%H .44%H 
Expenses net of fee waivers, if any .44%H .44%H 
Expenses net of all reductions .44%H .44%H 
Net investment income (loss) .42%H .67%H 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .04 
Net realized and unrealized gain (loss) .30 (.20)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.16) 
Total distributions D (.32) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.48% (1.25)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .34%H 
Expenses net of fee waivers, if any .34%H .34%H 
Expenses net of all reductions .34%H .34%H 
Net investment income (loss) .52%H .77%H 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateG 25%H 12%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2055 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 8.0 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.8 
 82.3 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2055 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 1,168,540 $15,576,642 
Fidelity Series Commodity Strategy Fund (a) 1,118,318 5,133,082 
Fidelity Series Large Cap Growth Index Fund (a) 1,150,493 12,298,768 
Fidelity Series Large Cap Stock Fund (a) 850,090 12,317,799 
Fidelity Series Large Cap Value Index Fund (a) 1,766,080 23,065,005 
Fidelity Series Small Cap Opportunities Fund (a) 478,552 6,158,958 
Fidelity Series Value Discovery Fund (a) 564,870 7,348,956 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $82,308,000)  81,899,210 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 148,496 1,643,856 
Fidelity Series Emerging Markets Fund (a) 178,560 1,644,537 
Fidelity Series Emerging Markets Opportunities Fund (a) 792,317 14,721,256 
Fidelity Series International Growth Fund (a) 691,959 11,327,363 
Fidelity Series International Index Fund (a) 350,644 3,530,983 
Fidelity Series International Small Cap Fund (a) 193,947 3,130,302 
Fidelity Series International Value Fund (a) 1,220,808 11,597,678 
Fidelity Series Overseas Fund (a) 556,773 5,523,193 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $52,369,657)  53,119,168 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 5,348 57,437 
Fidelity Series Emerging Markets Debt Fund (a) 105,773 994,266 
Fidelity Series Floating Rate High Income Fund (a) 23,115 214,739 
Fidelity Series Government Bond Index Fund (a) 3,743 39,859 
Fidelity Series High Income Fund (a) 114,512 1,087,864 
Fidelity Series Inflation-Protected Bond Index Fund (a) 240,554 2,424,787 
Fidelity Series Investment Grade Bond Fund (a) 3,454 40,069 
Fidelity Series Investment Grade Securitized Fund (a) 5,511 57,374 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 374,852 3,752,265 
Fidelity Series Real Estate Income Fund (a) 61,340 687,617 
TOTAL BOND FUNDS   
(Cost $8,965,396)  9,356,277 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 327,186 327,186 
Fidelity Series Short-Term Credit Fund (a) 32,514 327,738 
Fidelity Series Treasury Bill Index Fund (a) 97,830 978,295 
TOTAL SHORT-TERM FUNDS   
(Cost $1,629,922)  1,633,219 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $145,272,975)  146,007,874 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (33,952) 
NET ASSETS - 100%  $145,973,922 

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 $609,952 $17,618,517 $1,279,808 $1,287,592 $(766) $(1,371,253) $15,576,642 
Fidelity Series Canada Fund 48,676 1,559,934 28,029 -- (118) 63,393 1,643,856 
Fidelity Series Commodity Strategy Fund 126,853 5,307,085 137,397 36,228 (5,882) (157,577) 5,133,082 
Fidelity Series Corporate Bond Fund 9,362 230,328 194,740 3,110 9,352 3,135 57,437 
Fidelity Series Emerging Markets Debt Fund 34,052 1,024,488 47,856 21,525 (435) (15,983) 994,266 
Fidelity Series Emerging Markets Fund 49,653 1,683,506 20,316 -- (419) (67,887) 1,644,537 
Fidelity Series Emerging Markets Opportunities Fund 449,771 14,544,692 183,224 -- (1,675) (88,308) 14,721,256 
Fidelity Series Floating Rate High Income Fund 7,600 216,330 9,262 4,530 (65) 136 214,739 
Fidelity Series Government Bond Index Fund 12,972 342,006 329,304 2,652 12,565 1,620 39,859 
Fidelity Series Government Money Market Fund 2.07% 12,441 448,407 133,662 2,706 -- -- 327,186 
Fidelity Series High Income Fund 58,022 1,081,676 57,993 25,790 (417) 6,576 1,087,864 
Fidelity Series Inflation-Protected Bond Index Fund 15,290 2,425,293 21,957 904 130 6,031 2,424,787 
Fidelity Series International Growth Fund 408,416 11,373,219 1,018,989 -- 13,817 550,900 11,327,363 
Fidelity Series International Index Fund 107,171 3,424,994 45,575 -- (299) 44,692 3,530,983 
Fidelity Series International Small Cap Fund 107,001 3,145,552 177,994 -- (1,257) 57,000 3,130,302 
Fidelity Series International Value Fund 402,701 11,540,886 427,624 -- (11,147) 92,862 11,597,678 
Fidelity Series Investment Grade Bond Fund 13,726 359,383 345,557 3,725 11,216 1,301 40,069 
Fidelity Series Investment Grade Securitized Fund 9,657 240,531 197,985 2,521 3,906 1,265 57,374 
Fidelity Series Large Cap Growth Index Fund 477,427 12,592,613 1,216,792 11,683 3,621 441,899 12,298,768 
Fidelity Series Large Cap Stock Fund 476,023 12,851,935 825,811 438,157 (6,876) (177,472) 12,317,799 
Fidelity Series Large Cap Value Index Fund 891,399 23,205,119 1,777,542 -- (6,494) 752,523 23,065,005 
Fidelity Series Long-Term Treasury Bond Index Fund 180,119 4,805,176 1,670,544 43,746 74,295 363,219 3,752,265 
Fidelity Series Overseas Fund -- 5,501,781 -- -- -- 21,412 5,523,193 
Fidelity Series Real Estate Income Fund 24,092 684,561 33,342 19,021 81 12,225 687,617 
Fidelity Series Short-Term Credit Fund 12,443 337,088 24,330 3,012 (24) 2,561 327,738 
Fidelity Series Small Cap Opportunities Fund 237,795 6,572,551 379,534 315,053 (4,154) (267,700) 6,158,958 
Fidelity Series Treasury Bill Index Fund 32,538 1,347,709 402,890 7,189 301 637 978,295 
Fidelity Series Value Discovery Fund 282,039 7,351,271 476,931 -- (3,788) 196,365 7,348,956 
 $5,097,191 $151,816,631 $11,464,988 $2,229,144 $85,468 $473,572 $146,007,874 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2055 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $145,272,975) $146,007,874  
Total Investment in Securities (cost $145,272,975)  $146,007,874 
Cash  201 
Receivable for fund shares sold  28,207,365 
Total assets  174,215,440 
Liabilities   
Payable for investments purchased $28,181,594  
Payable for fund shares redeemed 25,770  
Accrued management fee 33,916  
Distribution and service plan fees payable 238  
Total liabilities  28,241,518 
Net Assets  $145,973,922 
Net Assets consist of:   
Paid in capital  $143,140,422 
Total accumulated earnings (loss)  2,833,500 
Net Assets  $145,973,922 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($307,501 ÷ 31,313 shares)(a)  $9.82 
Maximum offering price per share (100/94.25 of $9.82)  $10.42 
Class M:   
Net Asset Value and redemption price per share ($140,850 ÷ 14,369 shares)(a)  $9.80 
Maximum offering price per share (100/96.50 of $9.80)  $10.16 
Class C:   
Net Asset Value and offering price per share ($142,520 ÷ 14,591 shares)(a)  $9.77 
Fidelity Freedom Blend 2055 Fund:   
Net Asset Value, offering price and redemption price per share ($644,275 ÷ 65,496 shares)  $9.84 
Class K:   
Net Asset Value, offering price and redemption price per share ($3,048,933 ÷ 309,687 shares)  $9.85 
Class K6:   
Net Asset Value, offering price and redemption price per share ($140,095,680 ÷ 14,222,047 shares)  $9.85 
Class I:   
Net Asset Value, offering price and redemption price per share ($1,389,710 ÷ 141,245 shares)  $9.84 
Class Z:   
Net Asset Value, offering price and redemption price per share ($102,171 ÷ 10,377 shares)  $9.85 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($102,282 ÷ 10,381 shares)  $9.85 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $452,396 
Expenses   
Management fee $178,384  
Distribution and service plan fees 1,251  
Independent trustees' fees and expenses 156  
Total expenses  179,791 
Net investment income (loss)  272,605 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 85,472  
Capital gain distributions from underlying funds:   
Affiliated issuers 1,776,748  
Total net realized gain (loss)  1,862,220 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 473,572  
Total change in net unrealized appreciation (depreciation)  473,572 
Net gain (loss)  2,335,792 
Net increase (decrease) in net assets resulting from operations  $2,608,397 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $272,605 $12,548 
Net realized gain (loss) 1,862,220 20,366 
Change in net unrealized appreciation (depreciation) 473,572 261,327 
Net increase (decrease) in net assets resulting from operations 2,608,397 294,241 
Distributions to shareholders (40,684) (28,454) 
Share transactions - net increase (decrease) 138,310,361 4,830,061 
Total increase (decrease) in net assets 140,878,074 5,095,848 
Net Assets   
Beginning of period 5,095,848 – 
End of period $145,973,922 $5,095,848 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .04 
Net realized and unrealized gain (loss) .31 (.22)D 
Total from investment operations .31 (.18) 
Distributions from net investment income – (.14) 
Distributions from net realized gain C (.16) 
Total distributions C (.31)E 
Net asset value, end of period $9.82 $9.51 
Total ReturnF,G 3.28% (1.46)% 
Ratios to Average Net AssetsH,I   
Expenses before reductions .79%J .79%J 
Expenses net of fee waivers, if any .79%J .79%J 
Expenses net of all reductions .79%J .79%J 
Net investment income (loss) .08%J .70%J 
Supplemental Data   
Net assets, end of period (000 omitted) $308 $151 
Portfolio turnover rateI 24%J 14%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total distributions of $.31 per share is comprised of distributions from net investment income of $.142 and distributions from net realized gain of $.164 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .02 
Net realized and unrealized gain (loss) .30 (.21)C 
Total from investment operations .29 (.19) 
Distributions from net investment income – (.13) 
Distributions from net realized gain D (.16) 
Total distributions D (.30)E 
Net asset value, end of period $9.80 $9.51 
Total ReturnF,G 3.07% (1.55)% 
Ratios to Average Net AssetsH,I   
Expenses before reductions 1.04%J 1.04%J 
Expenses net of fee waivers, if any 1.04%J 1.04%J 
Expenses net of all reductions 1.04%J 1.04%J 
Net investment income (loss) (.17)%J .45%J 
Supplemental Data   
Net assets, end of period (000 omitted) $141 $101 
Portfolio turnover rateI 24%J 14%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C 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 distributions of $.30 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.164 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.49 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) C 
Net realized and unrealized gain (loss) .31 (.23)D 
Total from investment operations .28 (.23) 
Distributions from net investment income – (.12) 
Distributions from net realized gain C (.16) 
Total distributions C (.28) 
Net asset value, end of period $9.77 $9.49 
Total ReturnE,F 2.97% (1.93)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.54%I 1.54%I 
Expenses net of fee waivers, if any 1.54%I 1.54%I 
Expenses net of all reductions 1.54%I 1.54%I 
Net investment income (loss) (.67)%I (.05)%I 
Supplemental Data   
Net assets, end of period (000 omitted) $143 $107 
Portfolio turnover rateH 24%I 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.51 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .05 
Net realized and unrealized gain (loss) .31 (.22)C 
Total from investment operations .33 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.32)E 
Net asset value, end of period $9.84 $9.51 
Total ReturnF 3.49% (1.35)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .54%I .54%I 
Expenses net of fee waivers, if any .54%I .54%I 
Expenses net of all reductions .54%I .54%I 
Net investment income (loss) .33%I .95%I 
Supplemental Data   
Net assets, end of period (000 omitted) $644 $320 
Portfolio turnover rateH 24%I 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total distributions of $.32 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.164 per share.

 F Total returns for periods of less than one year are not annualized.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .06 
Net realized and unrealized gain (loss) .31 (.22)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.32)E 
Net asset value, end of period $9.85 $9.52 
Total ReturnF 3.49% (1.23)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .47%I .44%I 
Expenses net of fee waivers, if any .47%I .44%I 
Expenses net of all reductions .47%I .44%I 
Net investment income (loss) .40%I 1.05%I 
Supplemental Data   
Net assets, end of period (000 omitted) $3,049 $99 
Portfolio turnover rateH 24%I 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total distributions of $.32 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.164 per share.

 F Total returns for periods of less than one year are not annualized.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .06 
Net realized and unrealized gain (loss) .30 (.22)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.16) 
Total distributions D (.32) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.51% (1.19)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .35%H,I 
Expenses net of fee waivers, if any .34%H .35%H,I 
Expenses net of all reductions .34%H .35%H,I 
Net investment income (loss) .53%H 1.15%H 
Supplemental Data   
Net assets, end of period (000 omitted) $140,096 $4,021 
Portfolio turnover rateG 24%H 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2055 Fund Class I

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .01 .05 
Net realized and unrealized gain (loss) .31 (.22)C 
Total from investment operations .32 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.31) 
Net asset value, end of period $9.84 $9.52 
Total ReturnE 3.38% (1.27)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .57%H .54%H 
Expenses net of fee waivers, if any .57%H .54%H 
Expenses net of all reductions .57%H .54%H 
Net investment income (loss) .30%H .95%H 
Supplemental Data   
Net assets, end of period (000 omitted) $1,390 $99 
Portfolio turnover rateG 24%H 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .06 
Net realized and unrealized gain (loss) .31 (.22)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain D (.16) 
Total distributions D (.32)E 
Net asset value, end of period $9.85 $9.52 
Total ReturnF 3.49% (1.23)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .44%I .44%I 
Expenses net of fee waivers, if any .44%I .44%I 
Expenses net of all reductions .44%I .44%I 
Net investment income (loss) .43%I 1.05%I 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateH 24%I 14%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total distributions of $.32 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.164 per share.

 F Total returns for periods of less than one year are not annualized.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .06 
Net realized and unrealized gain (loss) .30 (.22)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.16) 
Distributions from net realized gain D (.16) 
Total distributions D (.32) 
Net asset value, end of period $9.85 $9.52 
Total ReturnE 3.49% (1.19)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .34%H .34%H 
Expenses net of fee waivers, if any .34%H .34%H 
Expenses net of all reductions .34%H .34%H 
Net investment income (loss) .53%H 1.15%H 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateG 24%H 14%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Top Holdings as of September 30, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.8 
Fidelity Series Blue Chip Growth Fund 10.7 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.5 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 7.9 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.8 
 82.2 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.1% 


Domestic Equity Funds category includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Fidelity Freedom® Blend 2060 Fund

Schedule of Investments September 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 257,627 $3,434,162 
Fidelity Series Commodity Strategy Fund (a) 246,275 1,130,402 
Fidelity Series Large Cap Growth Index Fund (a) 253,461 2,709,499 
Fidelity Series Large Cap Stock Fund (a) 187,263 2,713,435 
Fidelity Series Large Cap Value Index Fund (a) 389,043 5,080,899 
Fidelity Series Small Cap Opportunities Fund (a) 105,421 1,356,762 
Fidelity Series Value Discovery Fund (a) 124,398 1,618,424 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $18,105,495)  18,043,583 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 32,782 362,897 
Fidelity Series Emerging Markets Fund (a) 39,347 362,388 
Fidelity Series Emerging Markets Opportunities Fund (a) 174,610 3,244,250 
Fidelity Series International Growth Fund (a) 152,288 2,492,960 
Fidelity Series International Index Fund (a) 77,471 780,132 
Fidelity Series International Small Cap Fund (a) 42,899 692,397 
Fidelity Series International Value Fund (a) 268,241 2,548,292 
Fidelity Series Overseas Fund (a) 122,955 1,219,713 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $11,536,797)  11,703,029 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 1,151 12,362 
Fidelity Series Emerging Markets Debt Fund (a) 23,363 219,615 
Fidelity Series Floating Rate High Income Fund (a) 5,105 47,430 
Fidelity Series Government Bond Index Fund (a) 822 8,754 
Fidelity Series High Income Fund (a) 25,248 239,860 
Fidelity Series Inflation-Protected Bond Index Fund (a) 53,491 539,192 
Fidelity Series Investment Grade Bond Fund (a) 777 9,019 
Fidelity Series Investment Grade Securitized Fund (a) 1,186 12,347 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 82,542 826,244 
Fidelity Series Real Estate Income Fund (a) 13,513 151,486 
TOTAL BOND FUNDS   
(Cost $1,983,499)  2,066,309 
Short-Term Funds - 1.1%   
Fidelity Series Government Money Market Fund 2.07% (a)(b) 70,989 70,989 
Fidelity Series Short-Term Credit Fund (a) 7,054 71,103 
Fidelity Series Treasury Bill Index Fund (a) 21,209 212,091 
TOTAL SHORT-TERM FUNDS   
(Cost $353,510)  354,183 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $31,979,301)  32,167,104 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (7,359) 
NET ASSETS - 100%  $32,159,745 

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 $312,706 $3,671,756 $265,349 $264,267 $(6,336) $(278,615) $3,434,162 
Fidelity Series Canada Fund 24,916 333,343 8,061 -- (98) 12,797 362,897 
Fidelity Series Commodity Strategy Fund 64,618 1,131,033 34,318 7,431 (2,343) (28,588) 1,130,402 
Fidelity Series Corporate Bond Fund 4,796 43,225 38,055 597 1,756 640 12,362 
Fidelity Series Emerging Markets Debt Fund 17,348 215,928 10,422 4,154 (152) (3,087) 219,615 
Fidelity Series Emerging Markets Fund 25,432 355,783 6,254 -- (308) (12,265) 362,388 
Fidelity Series Emerging Markets Opportunities Fund 230,401 3,082,697 56,317 -- (1,479) (11,052) 3,244,250 
Fidelity Series Floating Rate High Income Fund 3,892 45,575 2,042 875 (26) 31 47,430 
Fidelity Series Government Bond Index Fund 6,645 63,730 64,341 507 2,414 306 8,754 
Fidelity Series Government Money Market Fund 2.07% 6,419 92,474 27,904 524 -- -- 70,989 
Fidelity Series High Income Fund 29,725 227,714 18,801 4,996 (188) 1,410 239,860 
Fidelity Series Inflation-Protected Bond Index Fund 7,831 537,995 7,674 178 23 1,017 539,192 
Fidelity Series International Growth Fund 209,203 2,385,064 210,602 -- (139) 109,434 2,492,960 
Fidelity Series International Index Fund 54,893 729,970 14,279 -- (249) 9,797 780,132 
Fidelity Series International Small Cap Fund 54,693 664,012 37,787 -- (2,028) 13,507 692,397 
Fidelity Series International Value Fund 206,332 2,415,337 93,615 -- (4,100) 24,338 2,548,292 
Fidelity Series Investment Grade Bond Fund 7,032 67,390 67,787 713 2,140 244 9,019 
Fidelity Series Investment Grade Securitized Fund 4,947 44,957 38,537 484 735 245 12,347 
Fidelity Series Large Cap Growth Index Fund 244,799 2,628,333 249,524 2,217 (687) 86,578 2,709,499 
Fidelity Series Large Cap Stock Fund 243,833 2,673,508 171,623 85,093 (5,603) (26,680) 2,713,435 
Fidelity Series Large Cap Value Index Fund 456,600 4,836,653 364,692 -- (6,196) 158,534 5,080,899 
Fidelity Series Long-Term Treasury Bond Index Fund 92,266 968,118 317,213 8,391 8,938 74,135 826,244 
Fidelity Series Overseas Fund -- 1,214,830 -- -- -- 4,883 1,219,713 
Fidelity Series Real Estate Income Fund 12,341 144,093 7,251 3,794 (23) 2,326 151,486 
Fidelity Series Short-Term Credit Fund 6,420 69,248 5,048 587 (2) 485 71,103 
Fidelity Series Small Cap Opportunities Fund 121,805 1,371,855 81,361 64,663 (5,581) (49,956) 1,356,762 
Fidelity Series Treasury Bill Index Fund 16,578 277,896 82,572 1,385 49 140 212,091 
Fidelity Series Value Discovery Fund 144,469 1,534,545 99,713 -- (4,114) 43,237 1,618,424 
 $2,610,940 $31,827,062 $2,381,142 $450,856 $(23,597) $133,841 $32,167,104 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2060 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Affiliated issuers (cost $31,979,301) $32,167,104  
Total Investment in Securities (cost $31,979,301)  $32,167,104 
Cash  197 
Receivable for fund shares sold  7,860,593 
Total assets  40,027,894 
Liabilities   
Payable for investments purchased $7,854,773  
Payable for fund shares redeemed 5,821  
Accrued management fee 7,277  
Distribution and service plan fees payable 278  
Total liabilities  7,868,149 
Net Assets  $32,159,745 
Net Assets consist of:   
Paid in capital  $31,591,797 
Total accumulated earnings (loss)  567,948 
Net Assets  $32,159,745 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($429,402 ÷ 43,674 shares)(a)  $9.83 
Maximum offering price per share (100/94.25 of $9.83)  $10.43 
Class M:   
Net Asset Value and redemption price per share ($139,636 ÷ 14,227 shares)(a)  $9.81 
Maximum offering price per share (100/96.50 of $9.81)  $10.17 
Class C:   
Net Asset Value and offering price per share ($172,659 ÷ 17,656 shares)(a)  $9.78 
Fidelity Freedom Blend 2060 Fund:   
Net Asset Value, offering price and redemption price per share ($866,691 ÷ 88,029 shares)  $9.85 
Class K:   
Net Asset Value, offering price and redemption price per share ($874,587 ÷ 88,726 shares)  $9.86 
Class K6:   
Net Asset Value, offering price and redemption price per share ($28,762,487 ÷ 2,916,720 shares)  $9.86 
Class I:   
Net Asset Value, offering price and redemption price per share ($709,587 ÷ 72,040 shares)  $9.85 
Class Z:   
Net Asset Value, offering price and redemption price per share ($102,460 ÷ 10,394 shares)  $9.86 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($102,236 ÷ 10,364 shares)  $9.86 

 (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, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $88,225 
Expenses   
Management fee $35,826  
Distribution and service plan fees 1,462  
Independent trustees' fees and expenses 30  
Total expenses  37,318 
Net investment income (loss)  50,907 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers (23,595)  
Capital gain distributions from underlying funds:   
Affiliated issuers 362,631  
Total net realized gain (loss)  339,036 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers 133,841  
Total change in net unrealized appreciation (depreciation)  133,841 
Net gain (loss)  472,877 
Net increase (decrease) in net assets resulting from operations  $523,784 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended September 30, 2019 (Unaudited) For the period
August 31, 2018 (commencement of operations) to March 31, 2019 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $50,907 $14,234 
Net realized gain (loss) 339,036 32,837 
Change in net unrealized appreciation (depreciation) 133,841 53,962 
Net increase (decrease) in net assets resulting from operations 523,784 101,033 
Distributions to shareholders (26,307) (30,562) 
Share transactions - net increase (decrease) 29,052,161 2,539,636 
Total increase (decrease) in net assets 29,549,638 2,610,107 
Net Assets   
Beginning of period 2,610,107 – 
End of period $32,159,745 $2,610,107 

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.53 $10.00 
Income from Investment Operations   
Net investment income (loss)B C .08 
Net realized and unrealized gain (loss) .31 (.27)D 
Total from investment operations .31 (.19) 
Distributions from net investment income – (.14) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.28)E 
Net asset value, end of period $9.83 $9.53 
Total ReturnF,G 3.27% (1.50)% 
Ratios to Average Net AssetsH,I   
Expenses before reductions .79%J .80%J,K 
Expenses net of fee waivers, if any .79%J .80%J,K 
Expenses net of all reductions .79%J .80%J,K 
Net investment income (loss) .09%J 1.50%J 
Supplemental Data   
Net assets, end of period (000 omitted) $429 $243 
Portfolio turnover rateI 25%J 11%J 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 E Total distributions of $.28 per share is comprised of distributions from net investment income of $.139 and distributions from net realized gain of $.145 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns do not include the effect of the sales charges.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 I Amounts do not include the activity of Underlying Funds.

 J Annualized

 K On certain classes, the size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2060 Fund Class M

 Six months ended (Unaudited) September 30, Years endedMarch 31, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.53 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.01) .07 
Net realized and unrealized gain (loss) .30 (.26)C 
Total from investment operations .29 (.19) 
Distributions from net investment income – (.13) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.28) 
Net asset value, end of period $9.81 $9.53 
Total ReturnD,E 3.06% (1.59)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions 1.04%H 1.04%H 
Expenses net of fee waivers, if any 1.04%H 1.04%H 
Expenses net of all reductions 1.04%H 1.04%H 
Net investment income (loss) (.16)%H 1.25%H 
Supplemental Data   
Net assets, end of period (000 omitted) $140 $143 
Portfolio turnover rateG 25%H 11%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.52 $10.00 
Income from Investment Operations   
Net investment income (loss)B (.03) .04 
Net realized and unrealized gain (loss) .30 (.26)C 
Total from investment operations .27 (.22) 
Distributions from net investment income – (.12) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.26)D 
Net asset value, end of period $9.78 $9.52 
Total ReturnE,F 2.85% (1.87)% 
Ratios to Average Net AssetsG,H   
Expenses before reductions 1.54%I 1.54%I 
Expenses net of fee waivers, if any 1.54%I 1.54%I 
Expenses net of all reductions 1.54%I 1.54%I 
Net investment income (loss) (.66)%I .76%I 
Supplemental Data   
Net assets, end of period (000 omitted) $173 $107 
Portfolio turnover rateH 25%I 11%I 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.145 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns do not include the effect of the contingent deferred sales charge.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 H Amounts do not include the activity of Underlying Funds.

 I Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .09 
Net realized and unrealized gain (loss) .30 (.25)C 
Total from investment operations .32 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.30) 
Net asset value, end of period $9.85 $9.54 
Total ReturnD 3.37% (1.27)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .54%G .54%G 
Expenses net of fee waivers, if any .54%G .54%G 
Expenses net of all reductions .54%G .54%G 
Net investment income (loss) .34%G 1.75%G 
Supplemental Data   
Net assets, end of period (000 omitted) $867 $453 
Portfolio turnover rateF 25%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .10 
Net realized and unrealized gain (loss) .31 (.26)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.30) 
Net asset value, end of period $9.86 $9.54 
Total ReturnD 3.47% (1.28)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .46%G .44%G 
Expenses net of fee waivers, if any .46%G .44%G 
Expenses net of all reductions .46%G .44%G 
Net investment income (loss) .42%G 1.85%G 
Supplemental Data   
Net assets, end of period (000 omitted) $875 $99 
Portfolio turnover rateF 25%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .10 
Net realized and unrealized gain (loss) .30 (.26)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.30) 
Net asset value, end of period $9.86 $9.54 
Total ReturnD 3.50% (1.24)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .34%G .34%G 
Expenses net of fee waivers, if any .34%G .34%G 
Expenses net of all reductions .34%G .34%G 
Net investment income (loss) .54%G 1.95%G 
Supplemental Data   
Net assets, end of period (000 omitted) $28,762 $1,261 
Portfolio turnover rateF 25%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .10 
Net realized and unrealized gain (loss) .30 (.27)C 
Total from investment operations .32 (.17) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.29)D 
Net asset value, end of period $9.85 $9.54 
Total ReturnE 3.37% (1.31)% 
Ratios to Average Net AssetsF,G   
Expenses before reductions .56%H .54%H 
Expenses net of fee waivers, if any .56%H .54%H 
Expenses net of all reductions .56%H .54%H 
Net investment income (loss) .32%H 1.75%H 
Supplemental Data   
Net assets, end of period (000 omitted) $710 $102 
Portfolio turnover rateG 25%H 11%H 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.29 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.145 per share.

 E Total returns for periods of less than one year are not annualized.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .02 .10 
Net realized and unrealized gain (loss) .31 (.26)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.30) 
Net asset value, end of period $9.86 $9.54 
Total ReturnD 3.47% (1.28)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .44%G .44%G 
Expenses net of fee waivers, if any .44%G .44%G 
Expenses net of all reductions .44%G .44%G 
Net investment income (loss) .44%G 1.86%G 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $99 
Portfolio turnover rateF 25%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 
 2019 2019 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.54 $10.00 
Income from Investment Operations   
Net investment income (loss)B .03 .11 
Net realized and unrealized gain (loss) .30 (.27)C 
Total from investment operations .33 (.16) 
Distributions from net investment income – (.15) 
Distributions from net realized gain (.01) (.15) 
Total distributions (.01) (.30) 
Net asset value, end of period $9.86 $9.54 
Total ReturnD 3.47% (1.24)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .34%G .34%G 
Expenses net of fee waivers, if any .34%G .34%G 
Expenses net of all reductions .34%G .34%G 
Net investment income (loss) .54%G 1.96%G 
Supplemental Data   
Net assets, end of period (000 omitted) $102 $103 
Portfolio turnover rateF 25%G 11%G 

 A For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total returns for periods of less than one year are not annualized.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

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, 2019

 % of fund's net assets 
Fidelity Series Large Cap Value Index Fund 15.7 
Fidelity Series Blue Chip Growth Fund 10.6 
Fidelity Series Emerging Markets Opportunities Fund 10.1 
Fidelity Series Large Cap Stock Fund 8.7 
Fidelity Series Large Cap Growth Index Fund 8.4 
Fidelity Series International Value Fund 8.0 
Fidelity Series International Growth Fund 7.8 
Fidelity Series Value Discovery Fund 5.0 
Fidelity Series Small Cap Opportunities Fund 4.2 
Fidelity Series Overseas Fund 3.9 
 82.4 

Asset Allocation (% of fund's net assets)

Period end 
   Domestic Equity Funds 56.1% 
   International Equity Funds 36.4% 
   Bond Funds 6.4% 
   Short-Term Funds 1.2% 
 Net Other Assets (Liabilities) (0.1)% 


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, 2019 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 56.1%   
 Shares Value 
Fidelity Series Blue Chip Growth Fund (a) 8,521 $113,582 
Fidelity Series Commodity Strategy Fund (a) 8,229 37,771 
Fidelity Series Large Cap Growth Index Fund (a) 8,402 89,818 
Fidelity Series Large Cap Stock Fund (a) 6,433 93,220 
Fidelity Series Large Cap Value Index Fund (a) 12,940 168,998 
Fidelity Series Small Cap Opportunities Fund (a) 3,474 44,712 
Fidelity Series Value Discovery Fund (a) 4,114 53,517 
TOTAL DOMESTIC EQUITY FUNDS   
(Cost $619,264)  601,618 
International Equity Funds - 36.4%   
Fidelity Series Canada Fund (a) 1,083 11,987 
Fidelity Series Emerging Markets Fund (a) 1,311 12,076 
Fidelity Series Emerging Markets Opportunities Fund (a) 5,816 108,062 
Fidelity Series International Growth Fund (a) 5,100 83,492 
Fidelity Series International Index Fund (a) 2,552 25,696 
Fidelity Series International Small Cap Fund (a) 1,327 21,425 
Fidelity Series International Value Fund (a) 9,042 85,899 
Fidelity Series Overseas Fund (a) 4,205 41,717 
TOTAL INTERNATIONAL EQUITY FUNDS   
(Cost $393,809)  390,354 
Bond Funds - 6.4%   
Fidelity Series Corporate Bond Fund (a) 28 295 
Fidelity Series Emerging Markets Debt Fund (a) 774 7,279 
Fidelity Series Floating Rate High Income Fund (a) 165 1,530 
Fidelity Series Government Bond Index Fund (a) 59 627 
Fidelity Series High Income Fund (a) 849 8,065 
Fidelity Series Inflation-Protected Bond Index Fund (a) 1,702 17,156 
Fidelity Series Investment Grade Bond Fund (a) 27 312 
Fidelity Series Investment Grade Securitized Fund (a) 29 299 
Fidelity Series Long-Term Treasury Bond Index Fund (a) 2,760 27,623 
Fidelity Series Real Estate Income Fund (a) 456 5,108 
TOTAL BOND FUNDS   
(Cost $66,657)  68,294 
Short-Term Funds - 1.2%   
Fidelity Cash Central Fund 1.96% (b) 197 197 
Fidelity Series Government Money Market Fund 2.07% (a)(c) 2,541 2,541 
Fidelity Series Short-Term Credit Fund (a) 253 2,546 
Fidelity Series Treasury Bill Index Fund (a) 762 7,619 
TOTAL SHORT-TERM FUNDS   
(Cost $12,889)  12,903 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,092,619)  1,073,169 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (581) 
NET ASSETS - 100%  $1,072,588 

Legend

 (a) Affiliated Fund

 (b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements 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 $198 
Total $198 

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 $-- $135,227 $6,977 $11,465 $(45) $(14,623) $113,582 
Fidelity Series Canada Fund -- 11,835 12 -- -- 164 11,987 
Fidelity Series Commodity Strategy Fund -- 38,801 40 322 (1) (989) 37,771 
Fidelity Series Corporate Bond Fund -- 1,962 1,724 13 51 295 
Fidelity Series Emerging Markets Debt Fund -- 7,525 103 -- (238) 7,279 
Fidelity Series Emerging Markets Fund -- 12,530 33 -- (1) (420) 12,076 
Fidelity Series Emerging Markets Opportunities Fund -- 110,722 111 -- (5) (2,544) 108,062 
Fidelity Series Floating Rate High Income Fund -- 1,534 21 -- (2) 1,530 
Fidelity Series Government Bond Index Fund -- 2,683 2,127 12 59 12 627 
Fidelity Series Government Money Market Fund 2.07% -- 3,638 1,097 15 -- -- 2,541 
Fidelity Series High Income Fund -- 8,089 131 -- (15) 8,065 
Fidelity Series Inflation-Protected Bond Index Fund -- 17,174 13 -- (5) 17,156 
Fidelity Series International Growth Fund -- 90,436 7,491 -- 77 470 83,492 
Fidelity Series International Index Fund -- 25,927 27 -- (1) (203) 25,696 
Fidelity Series International Small Cap Fund -- 22,681 1,157 -- (6) (93) 21,425 
Fidelity Series International Value Fund -- 90,135 3,149 -- (83) (1,004) 85,899 
Fidelity Series Investment Grade Bond Fund -- 2,828 2,553 17 32 312 
Fidelity Series Investment Grade Securitized Fund -- 1,964 1,683 10 16 299 
Fidelity Series Large Cap Growth Index Fund -- 98,556 10,032 -- 76 1,218 89,818 
Fidelity Series Large Cap Stock Fund -- 99,978 3,932 3,551 (24) (2,802) 93,220 
Fidelity Series Large Cap Value Index Fund -- 178,556 11,887 -- 22 2,307 168,998 
Fidelity Series Long-Term Treasury Bond Index Fund -- 35,697 9,989 180 93 1,822 27,623 
Fidelity Series Overseas Fund -- 41,570 28 -- (1) 176 41,717 
Fidelity Series Real Estate Income Fund -- 5,062 111 -- 51 5,108 
Fidelity Series Short-Term Credit Fund -- 2,887 350 17 -- 2,546 
Fidelity Series Small Cap Opportunities Fund -- 50,591 2,328 2,795 (69) (3,482) 44,712 
Fidelity Series Treasury Bill Index Fund -- 10,899 3,288 35 7,619 
Fidelity Series Value Discovery Fund -- 56,927 4,131 -- (2) 723 53,517 
  $1,166,414 $74,183 $18,803 $191 $(19,450) $1,072,972 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom® Blend 2065 Fund

Financial Statements

Statement of Assets and Liabilities

  September 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
 
  
Fidelity Central Funds (cost $197) $197  
Other affiliated issuers (cost $1,092,422) 1,072,972  
Total Investment in Securities (cost $1,092,619)  $1,073,169 
Cash  
Receivable for investments sold  11,942 
Receivable for fund shares sold  1,755 
Total assets  1,086,867 
Liabilities   
Payable for investments purchased $13,697  
Accrued management fee 419  
Distribution and service plan fees payable 163  
Total liabilities  14,279 
Net Assets  $1,072,588 
Net Assets consist of:   
Paid in capital  $1,074,568 
Total accumulated earnings (loss)  (1,980) 
Net Assets  $1,072,588 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($113,558 ÷ 11,383 shares)(a)  $9.98 
Maximum offering price per share (100/94.25 of $9.98)  $10.59 
Class M:   
Net Asset Value and redemption price per share ($111,035 ÷ 11,137 shares)(a)  $9.97 
Maximum offering price per share (100/96.50 of $9.97)  $10.33 
Class C:   
Net Asset Value and offering price per share ($111,529 ÷ 11,201 shares)(a)  $9.96 
Fidelity Freedom Blend 2065 Fund:   
Net Asset Value, offering price and redemption price per share ($167,608 ÷ 16,790 shares)  $9.98 
Class K:   
Net Asset Value, offering price and redemption price per share ($125,018 ÷ 12,520 shares)  $9.99 
Class K6:   
Net Asset Value, offering price and redemption price per share ($111,004 ÷ 11,114 shares)  $9.99 
Class I:   
Net Asset Value, offering price and redemption price per share ($110,917 ÷ 11,111 shares)  $9.98 
Class Z:   
Net Asset Value, offering price and redemption price per share ($110,945 ÷ 11,111 shares)  $9.99 
Class Z6:   
Net Asset Value, offering price and redemption price per share ($110,974 ÷ 11,111 shares)  $9.99 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Investment Income   
Dividends:   
Affiliated issuers  $2,925 
Income from Fidelity Central Funds  198 
Total income  3,123 
Expenses   
Management fee $1,229  
Distribution and service plan fees 492  
Independent trustees' fees and expenses  
Total expenses  1,722 
Net investment income (loss)  1,401 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Affiliated issuers 191  
Capital gain distributions from underlying funds:   
Affiliated issuers 15,878  
Total net realized gain (loss)  16,069 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Affiliated issuers (19,450)  
Total change in net unrealized appreciation (depreciation)  (19,450) 
Net gain (loss)  (3,381) 
Net increase (decrease) in net assets resulting from operations  $(1,980) 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
June 28, 2019 (commencement of operations) to
September 30, 2019 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $1,401 
Net realized gain (loss) 16,069 
Change in net unrealized appreciation (depreciation) (19,450) 
Net increase (decrease) in net assets resulting from operations (1,980) 
Share transactions - net increase (decrease) 1,074,568 
Total increase (decrease) in net assets 1,072,588 
Net Assets  
Beginning of period – 
End of period $1,072,588 

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .01 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.02) 
Net asset value, end of period $9.98 
Total ReturnC,D (.20)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions .79%G 
Expenses net of fee waivers, if any .79%G 
Expenses net of all reductions .79%G 
Net investment income (loss) .42%G 
Supplemental Data  
Net assets, end of period (000 omitted) $114 
Portfolio turnover rateF 7%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns do not include the effect of the sales charges.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B C 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.03) 
Net asset value, end of period $9.97 
Total ReturnD,E (.30)% 
Ratios to Average Net AssetsF,G  
Expenses before reductions 1.04%H 
Expenses net of fee waivers, if any 1.04%H 
Expenses net of all reductions 1.04%H 
Net investment income (loss) .17%H 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateG 7%I 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns do not include the effect of the sales charges.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 G Amounts do not include the activity of Underlying Funds.

 H Annualized

 I Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B (.01) 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.04) 
Net asset value, end of period $9.96 
Total ReturnC,D (.40)% 
Ratios to Average Net AssetsE,F  
Expenses before reductions 1.54%G 
Expenses net of fee waivers, if any 1.54%G 
Expenses net of all reductions 1.54%G 
Net investment income (loss) (.33)%G 
Supplemental Data  
Net assets, end of period (000 omitted) $112 
Portfolio turnover rateF 7%H 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns do not include the effect of the contingent deferred sales charge.

 E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 F Amounts do not include the activity of Underlying Funds.

 G Annualized

 H Amount not annualized.

See accompanying notes which are an integral part of the financial statements.


Fidelity Freedom Blend 2065 Fund

 Six months ended (Unaudited) September 30, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.04) 
Total from investment operations (.02) 
Net asset value, end of period $9.98 
Total ReturnC (.20)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .54%F 
Expenses net of fee waivers, if any .54%F 
Expenses net of all reductions .54%F 
Net investment income (loss) .67%F 
Supplemental Data  
Net assets, end of period (000 omitted) $168 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.01) 
Net asset value, end of period $9.99 
Total ReturnC (.10)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .44%F 
Expenses net of fee waivers, if any .44%F 
Expenses net of all reductions .44%F 
Net investment income (loss) .77%F 
Supplemental Data  
Net assets, end of period (000 omitted) $125 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.01) 
Net asset value, end of period $9.99 
Total ReturnC (.10)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .34%F 
Expenses net of fee waivers, if any .34%F 
Expenses net of all reductions .34%F 
Net investment income (loss) .87%F 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.04) 
Total from investment operations (.02) 
Net asset value, end of period $9.98 
Total ReturnC (.20)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .54%F 
Expenses net of fee waivers, if any .54%F 
Expenses net of all reductions .54%F 
Net investment income (loss) .67%F 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.01) 
Net asset value, end of period $9.99 
Total ReturnC (.10)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .44%F 
Expenses net of fee waivers, if any .44%F 
Expenses net of all reductions .44%F 
Net investment income (loss) .77%F 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

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, 
 2019 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .02 
Net realized and unrealized gain (loss) (.03) 
Total from investment operations (.01) 
Net asset value, end of period $9.99 
Total ReturnC (.10)% 
Ratios to Average Net AssetsD,E  
Expenses before reductions .34%F 
Expenses net of fee waivers, if any .34%F 
Expenses net of all reductions .34%F 
Net investment income (loss) .87%F 
Supplemental Data  
Net assets, end of period (000 omitted) $111 
Portfolio turnover rateE 7%G 

 A For the period June 28, 2019 (commencement of operations) to September 30, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

 E Amounts do not include the activity of Underlying Funds.

 F Annualized

 G Amount not annualized.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended September 30, 2019

1. Organization.

Fidelity Freedom Blend Income Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund, 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. Effective March 1, 2019, Class C shares will automatically convert to Class A shares after a holding period of ten years from the initial date of purchase, with certain exceptions. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date 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 – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income 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 $36,484,948 $845,490 $(133,880) $711,610 
Fidelity Freedom Blend 2005 Fund 15,365,110 369,984 (72,091) 297,893 
Fidelity Freedom Blend 2010 Fund 54,450,831 1,256,359 (343,913) 912,446 
Fidelity Freedom Blend 2015 Fund 182,138,803 4,656,536 (1,508,406) 3,148,130 
Fidelity Freedom Blend 2020 Fund 525,773,225 13,868,333 (5,275,707) 8,592,626 
Fidelity Freedom Blend 2025 Fund 650,868,859 17,436,776 (7,292,786) 10,143,990 
Fidelity Freedom Blend 2030 Fund 626,681,913 15,926,458 (8,469,987) 7,456,471 
Fidelity Freedom Blend 2035 Fund 599,916,210 14,223,895 (9,755,159) 4,468,736 
Fidelity Freedom Blend 2040 Fund 539,249,007 12,421,232 (9,476,584) 2,944,648 
Fidelity Freedom Blend 2045 Fund 455,998,294 10,053,558 (8,030,749) 2,022,809 
Fidelity Freedom Blend 2050 Fund 340,830,437 7,357,492 (5,776,434) 1,581,058 
Fidelity Freedom Blend 2055 Fund 145,343,956 2,924,874 (2,260,956) 663,918 
Fidelity Freedom Blend 2060 Fund 32,024,704 632,570 (490,170) 142,400 
Fidelity Freedom Blend 2065 Fund 1,092,760 7,388 (26,979) (19,591) 

Certain of the Funds elected to defer to the next fiscal year capital losses recognized during the period November 1, 2018 to March 31, 2019. Loss deferrals were as follows:

 Capital losses 
Fidelity Freedom Blend 2010 Fund (2,272) 

4. Purchases and Sales of Investments.

Purchases and sales of securities (including the Underlying Fund shares), other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Freedom Blend Income Fund 37,054,879 3,330,003 
Fidelity Freedom Blend 2005 Fund 15,790,586 2,504,410 
Fidelity Freedom Blend 2010 Fund 58,280,512 6,535,165 
Fidelity Freedom Blend 2015 Fund 196,530,706 23,961,318 
Fidelity Freedom Blend 2020 Fund 571,591,031 70,199,189 
Fidelity Freedom Blend 2025 Fund 688,209,241 81,561,505 
Fidelity Freedom Blend 2030 Fund 676,199,486 74,604,534 
Fidelity Freedom Blend 2035 Fund 644,870,634 70,748,854 
Fidelity Freedom Blend 2040 Fund 575,450,746 52,675,234 
Fidelity Freedom Blend 2045 Fund 488,046,865 42,315,223 
Fidelity Freedom Blend 2050 Fund 363,051,632 31,049,657 
Fidelity Freedom Blend 2055 Fund 151,816,631 11,464,988 
Fidelity Freedom Blend 2060 Fund 31,827,062 2,381,142 
Fidelity Freedom Blend 2065 Fund 1,166,414 74,183 

5. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. FMR Co., Inc. (the investment adviser), an affiliate of FMR, and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. For the reporting period, the total annual management fee rate for each Class of each Fund was as follows:

  Annual % of Class-Level Average Net Assets (Classes A, M, C, I, Fidelity Freedom Blend Class) Annual % of Class-Level Average Net Assets
(Classes K, K6, Z, Z6) 
Fidelity Freedom Blend Income Fund .46% .36% 
Fidelity Freedom Blend 2005 Fund .46% .36% 
Fidelity Freedom Blend 2010 Fund .47% .37% 
Fidelity Freedom Blend 2015 Fund .48% .38% 
Fidelity Freedom Blend 2020 Fund .50% .40% 
Fidelity Freedom Blend 2025 Fund .51% .41% 
Fidelity Freedom Blend 2030 Fund .52% .42% 
Fidelity Freedom Blend 2035 Fund .53% .43% 
Fidelity Freedom Blend 2040 Fund .54% .44% 
Fidelity Freedom Blend 2045 Fund .54% .44% 
Fidelity Freedom Blend 2050 Fund .54% .44% 
Fidelity Freedom Blend 2055 Fund .54% .44% 
Fidelity Freedom Blend 2060 Fund .54% .44% 
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 .30% 
Fidelity Freedom Blend 2025 Fund .31% 
Fidelity Freedom Blend 2030 Fund .32% 
Fidelity Freedom Blend 2035 Fund .33% 
Fidelity Freedom Blend 2040 Fund .34% 
Fidelity Freedom Blend 2045 Fund .34% 
Fidelity Freedom Blend 2050 Fund .34% 
Fidelity Freedom Blend 2055 Fund .34% 
Fidelity Freedom Blend 2060 Fund .34% 
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 Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of each Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

 Distribution Fee Service Fee Total Fees Retained by FDC 
Fidelity Freedom Blend Income Fund     
Class A -% .25% $387 $369 
Class M .25% .25% 476 253 
Class C .75% .25% 715 638 
   $1,578 $1,260 
Fidelity Freedom Blend 2005 Fund     
Class A -% .25% $271 $128 
Class M .25% .25% 258 258 
Class C .75% .25% 537 535 
   $1,066 $921 
Fidelity Freedom Blend 2010 Fund     
Class A -% .25% $220 $129 
Class M .25% .25% 434 256 
Class C .75% .25% 513 513 
   $1,167 $898 
Fidelity Freedom Blend 2015 Fund     
Class A -% .25% $315 $128 
Class M .25% .25% 270 257 
Class C .75% .25% 753 581 
   $1,338 $966 
Fidelity Freedom Blend 2020 Fund     
Class A -% .25% $1,555 $298 
Class M .25% .25% 303 255 
Class C .75% .25% 2,656 1,472 
   $4,514 $2,025 
Fidelity Freedom Blend 2025 Fund     
Class A -% .25% $1,088 $761 
Class M .25% .25% 1,628 260 
Class C .75% .25% 1,539 745 
   $4,255 $1,766 
Fidelity Freedom Blend 2030 Fund     
Class A -% .25% $626 $230 
Class M .25% .25% 822 346 
Class C .75% .25% 2,247 2,054 
   $3,695 $2,630 
Fidelity Freedom Blend 2035 Fund     
Class A -% .25% $628 $210 
Class M .25% .25% 518 251 
Class C .75% .25% 1,228 815 
   $2,374 $1,276 
Fidelity Freedom Blend 2040 Fund     
Class A -% .25% $431 $131 
Class M .25% .25% 396 248 
Class C .75% .25% 1,245 717 
   $2,072 $1,096 
Fidelity Freedom Blend 2045 Fund     
Class A -% .25% $600 $298 
Class M .25% .25% 434 252 
Class C .75% .25% 960 722 
   $1,994 $1,272 
Fidelity Freedom Blend 2050 Fund     
Class A -% .25% $584 $343 
Class M .25% .25% 478 247 
Class C .75% .25% 1,067 940 
   $2,129 $1,530 
Fidelity Freedom Blend 2055 Fund     
Class A -% .25% $293 $179 
Class M .25% .25% 318 267 
Class C .75% .25% 640 609 
   $1,251 $1,055 
Fidelity Freedom Blend 2060 Fund     
Class A -% .25% $447 $148 
Class M .25% .25% 332 251 
Class C .75% .25% 683 683 
   $1,462 $1,082 
Fidelity Freedom Blend 2065 Fund     
Class A -% .25% $70 $70 
Class M .25% .25% 140 140 
Class C .75% .25% 282 283 
   $492 $493 

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 $60 
 $60 
Fidelity Freedom Blend 2015 Fund  
Class A $156 
 $156 
Fidelity Freedom Blend 2020 Fund  
Class A $96 
Class M 55 
 $151 
Fidelity Freedom Blend 2025 Fund  
Class A $251 
Class M 103 
Class C(a) 249 
 $603 
Fidelity Freedom Blend 2030 Fund  
Class A $689 
Class M 988 
Class C(a) 88 
 $1,765 
Fidelity Freedom Blend 2035 Fund  
Class A $913 
Class M 320 
Class C(a) 
 $1,238 
Fidelity Freedom Blend 2040 Fund  
Class A $1,028 
Class M 130 
 $1,158 
Fidelity Freedom Blend 2045 Fund  
Class A $441 
Class M 162 
Class C(a) 14 
 $617 
Fidelity Freedom Blend 2050 Fund  
Class A $522 
Class M 332 
Class C(a) 72 
 $926 
Fidelity Freedom Blend 2055 Fund  
Class A $458 
Class M 272 
Class C(a) 23 
 $753 
Fidelity Freedom Blend 2060 Fund  
Class A $558 
Class M 119 
Class C(a) 10 
 $687 

 (a) When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

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:

Fidelity Freedom Blend Income Fund $94 
Fidelity Freedom Blend 2005 Fund 32 
Fidelity Freedom Blend 2010 Fund 109 
Fidelity Freedom Blend 2015 Fund 358 
Fidelity Freedom Blend 2020 Fund 955 
Fidelity Freedom Blend 2025 Fund 1,006 
Fidelity Freedom Blend 2030 Fund 809 
Fidelity Freedom Blend 2035 Fund 265 
Fidelity Freedom Blend 2040 Fund 23 
Fidelity Freedom Blend 2045 Fund 18 
Fidelity Freedom Blend 2050 Fund 12 
Fidelity Freedom Blend 2055 Fund 
Fidelity Freedom Blend 2060 Fund 

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
September 30, 2019 
Year ended
March 31, 2019(a) 
Fidelity Freedom Blend Income Fund   
Distributions to shareholders   
Class A $1,919 $1,681 
Class M 884 1,415 
Class C 379 2,260 
Fidelity Freedom Blend Income Fund 3,683 6,229 
Class K 766 1,739 
Class K6 188,424 6,084 
Class I 671 1,678 
Class Z 715 1,739 
Class Z6 746 1,769 
Total $198,187 $24,594 
Fidelity Freedom Blend 2005 Fund   
Distributions to shareholders   
Class A $75 $3,022 
Class M 41 1,450 
Class C 41 1,280 
Fidelity Freedom Blend 2005 Fund 1,291 1,646 
Class K 71 1,640 
Class K6 14,265 1,670 
Class I 41 1,610 
Class Z 71 1,640 
Class Z6 91 1,670 
Total $15,987 $15,628 
Fidelity Freedom Blend 2010 Fund   
Distributions to shareholders   
Class A $– $2,983 
Class M – 2,145 
Class C – 1,510 
Fidelity Freedom Blend 2010 Fund 188 2,609 
Class K – 1,860 
Class K6 28,392 1,890 
Class I – 1,830 
Class Z – 1,860 
Class Z6 – 1,890 
Total $28,580 $18,577 
Fidelity Freedom Blend 2015 Fund   
Distributions to shareholders   
Class A $– $1,630 
Class M – 1,550 
Class C – 3,292 
Fidelity Freedom Blend 2015 Fund – 7,732 
Class K – 1,740 
Class K6 73,722 1,780 
Class I – 1,710 
Class Z – 1,740 
Class Z6 – 1,780 
Total $73,722 $22,954 
Fidelity Freedom Blend 2020 Fund   
Distributions to shareholders   
Class A $– $3,550 
Class M – 1,044 
Class C – 1,516 
Fidelity Freedom Blend 2020 Fund – 15,010 
Class K – 1,230 
Class K6 221,573 1,260 
Class I – 1,190 
Class Z – 1,230 
Class Z6 – 1,260 
Total $221,573 $27,290 
Fidelity Freedom Blend 2025 Fund   
Distributions to shareholders   
Class A $– $2,341 
Class M – 1,801 
Class C – 1,630 
Fidelity Freedom Blend 2025 Fund – 13,758 
Class K – 1,980 
Class K6 215,881 2,010 
Class I – 1,950 
Class Z – 1,980 
Class Z6 – 2,070 
Total $215,881 $29,520 
Fidelity Freedom Blend 2030 Fund   
Distributions to shareholders   
Class A $– $3,141 
Class M – 2,398 
Class C – 4,285 
Fidelity Freedom Blend 2030 Fund – 4,487 
Class K – 2,570 
Class K6 156,191 2,610 
Class I – 2,540 
Class Z – 2,570 
Class Z6 – 2,610 
Total $156,191 $27,211 
Fidelity Freedom Blend 2035 Fund   
Distributions to shareholders   
Class A $– $2,922 
Class M – 4,429 
Class C – 2,270 
Fidelity Freedom Blend 2035 Fund – 10,992 
Class K – 2,610 
Class K6 151,033 2,650 
Class I – 2,580 
Class Z – 2,610 
Class Z6 – 2,650 
Total $151,033 $33,713 
Fidelity Freedom Blend 2040 Fund   
Distributions to shareholders   
Class A $– $5,605 
Class M – 2,729 
Class C – 2,427 
Fidelity Freedom Blend 2040 Fund – 6,700 
Class K – 2,760 
Class K6 137,987 2,800 
Class I – 2,730 
Class Z – 2,760 
Class Z6 – 2,800 
Total $137,987 $31,311 
Fidelity Freedom Blend 2045 Fund   
Distributions to shareholders   
Class A $29 $3,446 
Class M 17 4,165 
Class C 19 2,591 
Fidelity Freedom Blend 2045 Fund 85 16,095 
Class K 10 2,710 
Class K6 115,999 2,740 
Class I 10 2,680 
Class Z 10 2,710 
Class Z6 12 2,740 
Total $116,191 $39,877 
Fidelity Freedom Blend 2050 Fund   
Distributions to shareholders   
Class A $28 $3,316 
Class M 11 2,930 
Class C 15 2,770 
Fidelity Freedom Blend 2050 Fund 60 4,148 
Class K 10 3,120 
Class K6 83,262 3,150 
Class I 11 3,090 
Class Z 10 3,120 
Class Z6 10 3,150 
Total $83,417 $28,794 
Fidelity Freedom Blend 2055 Fund   
Distributions to shareholders   
Class A $38 $3,064 
Class M 26 2,982 
Class C 23 2,820 
Fidelity Freedom Blend 2055 Fund 74 3,718 
Class K 21 3,170 
Class K6 40,439 3,200 
Class I 21 3,130 
Class Z 21 3,170 
Class Z6 21 3,200 
Total $40,684 $28,454 
Fidelity Freedom Blend 2060 Fund   
Distributions to shareholders   
Class A $353 $2,862 
Class M 170 2,764 
Class C 147 2,612 
Fidelity Freedom Blend 2060 Fund 606 7,540 
Class K 114 2,950 
Class K6 24,565 2,980 
Class I 119 2,924 
Class Z 114 2,950 
Class Z6 119 2,980 
Total $26,307 $30,562 

 (a) For the period August 31, 2018 (commencement of operations) to March 31,2019.

7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended September 30, 2019 Year ended March 31, 2019(a) Six months ended September 30, 2019 Year ended March 31, 2019(a) 
Fidelity Freedom Blend Income Fund     
Class A     
Shares sold 28,460 10,990 $285,921 $109,675 
Reinvestment of distributions 188 173 1,919 1,681 
Shares redeemed (511) (499) (5,151) (5,000) 
Net increase (decrease) 28,137 10,664 $282,689 $106,356 
Class M     
Shares sold 21,039 10,000 $215,345 $100,000 
Reinvestment of distributions 86 146 884 1,415 
Shares redeemed (1,510) – (15,491) – 
Net increase (decrease) 19,615 10,146 $200,738 $101,415 
Class C     
Shares sold 4,137 18,568 $42,331 $183,283 
Reinvestment of distributions 37 234 379 2,260 
Shares redeemed (7) (6,500) (75) (65,000) 
Net increase (decrease) 4,167 12,302 $42,635 $120,543 
Fidelity Freedom Blend Income Fund     
Shares sold 37,688 70,586 $384,763 $691,454 
Reinvestment of distributions 360 608 3,683 5,886 
Shares redeemed (6,629) (33,487) (68,072) (327,744) 
Net increase (decrease) 31,419 37,707 $320,374 $369,596 
Class K     
Shares sold 2,570 10,000 $26,597 $100,000 
Reinvestment of distributions 75 179 766 1,739 
Net increase (decrease) 2,645 10,179 $27,363 $101,739 
Class K6     
Shares sold 3,419,718 168,319 $34,633,664 $1,629,815 
Reinvestment of distributions 18,443 620 188,424 6,084 
Shares redeemed (204,509) (3,760) (2,090,677) (36,389) 
Net increase (decrease) 3,233,652 165,179 $32,731,411 $1,599,510 
Class I     
Shares sold 584 10,000 $6,045 $100,000 
Reinvestment of distributions 66 173 671 1,678 
Net increase (decrease) 650 10,173 $6,716 $101,678 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 70 179 715 1,739 
Net increase (decrease) 70 10,179 $715 $101,739 
Class Z6     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 73 182 746 1,769 
Net increase (decrease) 73 10,182 $746 $101,769 
Fidelity Freedom Blend 2005 Fund     
Class A     
Shares sold 6,026 18,563 $61,235 $182,296 
Reinvestment of distributions 319 75 3,022 
Shares redeemed (5) (147) (49) (1,392) 
Net increase (decrease) 6,028 18,735 $61,261 $183,926 
Class M     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 153 41 1,450 
Net increase (decrease) 10,153 $41 $101,450 
Class C     
Shares sold 2,585 10,000 $26,482 $100,000 
Reinvestment of distributions 135 41 1,280 
Shares redeemed (3) – (30) – 
Net increase (decrease) 2,586 10,135 $26,493 $101,280 
Fidelity Freedom Blend 2005 Fund     
Shares sold 132,126 11,014 $1,331,162 $110,028 
Reinvestment of distributions 129 173 1,291 1,646 
Shares redeemed (43,776) (77) (441,386) (750) 
Net increase (decrease) 88,479 11,110 $891,067 $110,924 
Class K     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 173 71 1,640 
Net increase (decrease) 10,173 $71 $101,640 
Class K6     
Shares sold 1,424,593 117,462 $14,433,902 $1,125,955 
Reinvestment of distributions 1,422 176 14,265 1,670 
Shares redeemed (261,115) (25) (2,657,647) (241) 
Net increase (decrease) 1,164,900 117,613 $11,790,520 $1,127,384 
Class I     
Shares sold 38,038 10,051 $394,024 $100,500 
Reinvestment of distributions 170 41 1,610 
Shares redeemed – (51) – (499) 
Net increase (decrease) 38,042 10,170 $394,065 $101,611 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 173 71 1,640 
Net increase (decrease) 10,173 $71 $101,640 
Class Z6     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 176 91 1,670 
Net increase (decrease) 10,176 $91 $101,670 
Fidelity Freedom Blend 2010 Fund     
Class A     
Shares sold 1,296 16,826 $13,114 $166,073 
Reinvestment of distributions – 320 – 2,983 
Shares redeemed – (435) – (4,175) 
Net increase (decrease) 1,296 16,711 $13,114 $164,881 
Class M     
Shares sold 4,574 12,472 $45,600 $123,732 
Reinvestment of distributions – 230 – 2,145 
Net increase (decrease) 4,574 12,702 $45,600 $125,877 
Class C     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 162 – 1,510 
Net increase (decrease) – 10,162 $– $101,510 
Fidelity Freedom Blend 2010 Fund     
Shares sold 96,066 14,603 $978,990 $145,000 
Reinvestment of distributions 19 280 188 2,609 
Shares redeemed (29,838) – (307,561) – 
Net increase (decrease) 66,247 14,883 $671,617 $147,609 
Class K     
Shares sold 163,871 10,000 $1,684,632 $100,000 
Reinvestment of distributions – 199 – 1,860 
Shares redeemed (618) – (6,410) – 
Net increase (decrease) 163,253 10,199 $1,678,222 $101,860 
Class K6     
Shares sold 5,279,776 313,573 $53,096,177 $3,001,673 
Reinvestment of distributions 2,845 203 28,392 1,890 
Shares redeemed (437,649) (143,149) (4,444,065) (1,388,852) 
Net increase (decrease) 4,844,972 170,627 $48,680,504 $1,614,711 
Class I     
Shares sold 12,431 10,000 $127,661 $100,000 
Reinvestment of distributions – 196 – 1,830 
Net increase (decrease) 12,431 10,196 $127,661 $101,830 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 199 – 1,860 
Net increase (decrease) – 10,199 $– $101,860 
Class Z6     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 203 – 1,890 
Net increase (decrease) – 10,203 $– $101,890 
Fidelity Freedom Blend 2015 Fund     
Class A     
Shares sold 8,925 19,467 $89,943 $193,535 
Reinvestment of distributions – 177 – 1,630 
Shares redeemed (1) – (15) – 
Net increase (decrease) 8,924 19,644 $89,928 $195,165 
Class M     
Shares sold 781 10,000 $7,900 $100,000 
Reinvestment of distributions – 168 – 1,550 
Net increase (decrease) 781 10,168 $7,900 $101,550 
Class C     
Shares sold 2,948 23,897 $30,160 $230,277 
Reinvestment of distributions – 358 – 3,292 
Shares redeemed (53) (9,626) (545) (94,714) 
Net increase (decrease) 2,895 14,629 $29,615 $138,855 
Fidelity Freedom Blend 2015 Fund     
Shares sold 422,145 46,537 $4,291,474 $453,571 
Reinvestment of distributions – 839 – 7,732 
Shares redeemed (136,577) (176) (1,376,784) (1,698) 
Net increase (decrease) 285,568 47,200 $2,914,690 $459,605 
Class K     
Shares sold 400,630 10,000 $4,098,612 $100,000 
Reinvestment of distributions – 189 – 1,740 
Shares redeemed (106,665) – (1,101,842) – 
Net increase (decrease) 293,965 10,189 $2,996,770 $101,740 
Class K6     
Shares sold 17,990,399 935,723 $180,155,518 $8,831,932 
Reinvestment of distributions 7,402 193 73,722 1,780 
Shares redeemed (1,621,431) (112,769) (16,423,071) (1,093,561) 
Net increase (decrease) 16,376,370 823,147 $163,806,169 $7,740,151 
Class I     
Shares sold 49,964 10,000 $510,691 $100,000 
Reinvestment of distributions – 186 – 1,710 
Net increase (decrease) 49,964 10,186 $510,691 $101,710 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 189 – 1,740 
Net increase (decrease) – 10,189 $– $101,740 
Class Z6     
Shares sold 8,492 10,000 $86,350 $100,000 
Reinvestment of distributions – 193 – 1,780 
Net increase (decrease) 8,492 10,193 $86,350 $101,780 
Fidelity Freedom Blend 2020 Fund     
Class A     
Shares sold 134,631 90,623 $1,336,384 $866,540 
Reinvestment of distributions – 388 – 3,550 
Shares redeemed (100,273) (846) (988,301) (8,100) 
Net increase (decrease) 34,358 90,165 $348,083 $861,990 
Class M     
Shares sold 4,699 10,649 $48,058 $106,358 
Reinvestment of distributions – 114 – 1,044 
Shares redeemed (6) (30) (60) (281) 
Net increase (decrease) 4,693 10,733 $47,998 $107,121 
Class C     
Shares sold 19,903 38,753 $200,292 $379,766 
Reinvestment of distributions – 166 – 1,516 
Shares redeemed (13) – (135) – 
Net increase (decrease) 19,890 38,919 $200,157 $381,282 
Fidelity Freedom Blend 2020 Fund     
Shares sold 965,024 202,319 $9,815,686 $1,911,655 
Reinvestment of distributions – 1,642 – 15,010 
Shares redeemed (525,134) (86,207) (5,369,435) (829,813) 
Net increase (decrease) 439,890 117,754 $4,446,251 $1,096,852 
Class K     
Shares sold 751,747 10,000 $7,694,346 $100,000 
Reinvestment of distributions – 134 – 1,230 
Shares redeemed (2,643) – (27,330) – 
Net increase (decrease) 749,104 10,134 $7,667,016 $101,230 
Class K6     
Shares sold 52,169,428 2,552,418 $523,938,020 $23,902,190 
Reinvestment of distributions 22,157 138 221,573 1,260 
Shares redeemed (4,327,289) (433,337) (44,019,236) (4,233,776) 
Net increase (decrease) 47,864,296 2,119,219 $480,140,357 $19,669,674 
Class I     
Shares sold 176,456 12,024 $1,805,334 $120,000 
Reinvestment of distributions – 130 – 1,190 
Shares redeemed (400) – (4,129) – 
Net increase (decrease) 176,056 12,154 $1,801,205 $121,190 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 134 – 1,230 
Net increase (decrease) – 10,134 $– $101,230 
Class Z6     
Shares sold 813 16,287 $8,260 $161,553 
Reinvestment of distributions – 138 – 1,260 
Shares redeemed – (6,287) – (61,239) 
Net increase (decrease) 813 10,138 $8,260 $101,574 
Fidelity Freedom Blend 2025 Fund     
Class A     
Shares sold 155,086 18,014 $1,544,397 $175,792 
Reinvestment of distributions – 261 – 2,341 
Shares redeemed (44,186) (1,119) (440,856) (10,301) 
Net increase (decrease) 110,900 17,156 $1,103,541 $167,832 
Class M     
Shares sold 5,395 75,789 $53,483 $737,334 
Reinvestment of distributions – 200 – 1,801 
Shares redeemed (43,206) – (440,697) – 
Net increase (decrease) (37,811) 75,989 $(387,214) $739,135 
Class C     
Shares sold 10,689 31,302 $106,386 $305,603 
Reinvestment of distributions – 181 – 1,630 
Shares redeemed (10,558) (1,076) (106,397) (10,218) 
Net increase (decrease) 131 30,407 $(11) $297,015 
Fidelity Freedom Blend 2025 Fund     
Shares sold 613,170 195,169 $6,191,360 $1,876,769 
Reinvestment of distributions – 1,532 – 13,758 
Shares redeemed (295,782) (31,642) (2,985,414) (307,029) 
Net increase (decrease) 317,388 165,059 $3,205,946 $1,583,498 
Class K     
Shares sold 1,329,978 10,000 $13,456,935 $100,000 
Reinvestment of distributions – 220 – 1,980 
Shares redeemed (22,886) – (234,115) – 
Net increase (decrease) 1,307,092 10,220 $13,222,820 $101,980 
Class K6     
Shares sold 61,188,695 4,331,747 $608,450,716 $40,063,466 
Reinvestment of distributions 21,806 224 215,881 2,010 
Shares redeemed (3,119,640) (180,792) (31,444,305) (1,728,766) 
Net increase (decrease) 58,090,861 4,151,179 $577,222,292 $38,336,710 
Class I     
Shares sold 339,098 10,000 $3,425,479 $100,000 
Reinvestment of distributions – 217 – 1,950 
Net increase (decrease) 339,098 10,217 $3,425,479 $101,950 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 220 – 1,980 
Net increase (decrease) – 10,220 $– $101,980 
Class Z6     
Shares sold 11,706 10,301 $118,219 $103,000 
Reinvestment of distributions – 230 – 2,070 
Net increase (decrease) 11,706 10,531 $118,219 $105,070 
Fidelity Freedom Blend 2030 Fund     
Class A     
Shares sold 47,604 35,559 $465,238 $338,052 
Reinvestment of distributions – 359 – 3,141 
Shares redeemed (22,428) – (215,279) – 
Net increase (decrease) 25,176 35,918 $249,959 $341,193 
Class M     
Shares sold 34,504 19,237 $344,167 $188,421 
Reinvestment of distributions – 274 – 2,398 
Shares redeemed (2,021) (1,939) (20,342) (18,770) 
Net increase (decrease) 32,483 17,572 $323,825 $172,049 
Class C     
Shares sold 26,674 26,381 $261,988 $252,448 
Reinvestment of distributions – 490 – 4,285 
Shares redeemed (2,810) – (27,504) – 
Net increase (decrease) 23,864 26,871 $234,484 $256,733 
Fidelity Freedom Blend 2030 Fund     
Shares sold 216,013 88,686 $2,154,672 $846,378 
Reinvestment of distributions – 512 – 4,487 
Shares redeemed (93,046) (10,519) (929,370) (100,972) 
Net increase (decrease) 122,967 78,679 $1,225,302 $749,893 
Class K     
Shares sold 1,012,002 10,000 $10,072,973 $100,000 
Reinvestment of distributions – 293 – 2,570 
Shares redeemed (40,108) – (404,681) – 
Net increase (decrease) 971,894 10,293 $9,668,292 $102,570 
Class K6     
Shares sold 60,781,183 2,344,828 $596,730,214 $21,161,628 
Reinvestment of distributions 15,970 298 156,191 2,610 
Shares redeemed (2,040,643) (98,703) (20,297,595) (935,205) 
Net increase (decrease) 58,756,510 2,246,423 $576,588,810 $20,229,033 
Class I     
Shares sold 447,347 10,000 $4,446,953 $100,000 
Reinvestment of distributions – 290 – 2,540 
Shares redeemed (27,488) – (275,807) – 
Net increase (decrease) 419,859 10,290 $4,171,146 $102,540 
Class Z     
Shares sold 732 10,000 $7,400 $100,000 
Reinvestment of distributions – 293 – 2,570 
Net increase (decrease) 732 10,293 $7,400 $102,570 
Class Z6     
Shares sold 3,373 103,038 $33,572 $988,511 
Reinvestment of distributions – 298 – 2,610 
Shares redeemed (71) (65,359) (714) (622,873) 
Net increase (decrease) 3,302 37,977 $32,858 $368,248 
Fidelity Freedom Blend 2035 Fund     
Class A     
Shares sold 28,172 36,896 $276,677 $353,952 
Reinvestment of distributions – 341 – 2,922 
Shares redeemed (1,010) (12) (10,023) (103) 
Net increase (decrease) 27,162 37,225 $266,654 $356,771 
Class M     
Shares sold 4,899 17,984 $47,689 $173,296 
Reinvestment of distributions – 517 – 4,429 
Shares redeemed (92) – (923) – 
Net increase (decrease) 4,807 18,501 $46,766 $177,725 
Class C     
Shares sold 8,864 21,319 $87,779 $207,251 
Reinvestment of distributions – 265 – 2,270 
Shares redeemed (88) – (881) – 
Net increase (decrease) 8,776 21,584 $86,898 $209,521 
Fidelity Freedom Blend 2035 Fund     
Shares sold 276,651 122,967 $2,729,827 $1,168,626 
Reinvestment of distributions – 1,284 – 10,992 
Shares redeemed (76,364) (21,782) (750,678) (206,991) 
Net increase (decrease) 200,287 102,469 $1,979,149 $972,627 
Class K     
Shares sold 1,183,160 10,000 $11,585,457 $100,000 
Reinvestment of distributions – 305 – 2,610 
Shares redeemed (1,031) – (10,382) – 
Net increase (decrease) 1,182,129 10,305 $11,575,075 $102,610 
Class K6     
Shares sold 58,100,563 2,453,196 $566,390,797 $21,896,411 
Reinvestment of distributions 15,554 309 151,033 2,650 
Shares redeemed (1,903,737) (70,699) (18,756,259) (651,805) 
Net increase (decrease) 56,212,380 2,382,806 $547,785,571 $21,247,256 
Class I     
Shares sold 275,953 10,888 $2,702,586 $108,315 
Reinvestment of distributions – 301 – 2,580 
Shares redeemed (1,589) – (15,992) – 
Net increase (decrease) 274,364 11,189 $2,686,594 $110,895 
Class Z     
Shares sold 15,166 10,440 $152,875 $103,942 
Reinvestment of distributions – 305 – 2,610 
Net increase (decrease) 15,166 10,745 $152,875 $106,552 
Class Z6     
Shares sold 9,658 10,000 $95,404 $100,000 
Reinvestment of distributions – 309 – 2,650 
Net increase (decrease) 9,658 10,309 $95,404 $102,650 
Fidelity Freedom Blend 2040 Fund     
Class A     
Shares sold 17,410 26,037 $170,688 $245,967 
Reinvestment of distributions – 661 – 5,605 
Shares redeemed (416) – (4,039) – 
Net increase (decrease) 16,994 26,698 $166,649 $251,572 
Class M     
Shares sold 3,744 13,392 $36,666 $131,419 
Reinvestment of distributions – 321 – 2,729 
Shares redeemed (37) – (368) – 
Net increase (decrease) 3,707 13,713 $36,298 $134,148 
Class C     
Shares sold 10,216 21,513 $100,171 $208,602 
Reinvestment of distributions – 286 – 2,427 
Shares redeemed (69) – (685) – 
Net increase (decrease) 10,147 21,799 $99,486 $211,029 
Fidelity Freedom Blend 2040 Fund     
Shares sold 244,025 61,771 $2,364,176 $580,805 
Reinvestment of distributions – 790 – 6,700 
Shares redeemed (69,752) (821) (676,120) (7,718) 
Net increase (decrease) 174,273 61,740 $1,688,056 $579,787 
Class K     
Shares sold 876,975 10,000 $8,500,239 $100,000 
Reinvestment of distributions – 325 – 2,760 
Shares redeemed (2,390) – (23,716) – 
Net increase (decrease) 874,585 10,325 $8,476,523 $102,760 
Class K6     
Shares sold 53,484,938 1,662,001 $519,024,933 $14,644,554 
Reinvestment of distributions 14,270 330 137,987 2,800 
Shares redeemed (1,776,097) (98,949) (17,426,864) (913,258) 
Net increase (decrease) 51,723,111 1,563,382 $501,736,056 $13,734,096 
Class I     
Shares sold 208,874 10,124 $2,022,944 $101,151 
Reinvestment of distributions – 322 – 2,730 
Shares redeemed (1,205) – (11,985) – 
Net increase (decrease) 207,669 10,446 $2,010,959 $103,881 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions – 325 – 2,760 
Net increase (decrease) – 10,325 $– $102,760 
Class Z6     
Shares sold 907 26,471 $8,800 $255,454 
Reinvestment of distributions – 330 – 2,800 
Shares redeemed (17,096) – (170,185) – 
Net increase (decrease) (16,189) 26,801 $(161,385) $258,254 
Fidelity Freedom Blend 2045 Fund     
Class A     
Shares sold 39,985 26,122 $385,102 $253,006 
Reinvestment of distributions 406 29 3,445 
Shares redeemed (5,191) (63) (50,910) (600) 
Net increase (decrease) 34,797 26,465 $334,221 $255,851 
Class M     
Shares sold 3,707 16,576 $36,368 $160,743 
Reinvestment of distributions 491 17 4,165 
Shares redeemed (668) (271) (6,470) (2,560) 
Net increase (decrease) 3,041 16,796 $29,915 $162,348 
Class C     
Shares sold 7,288 16,112 $71,662 $157,390 
Reinvestment of distributions 305 19 2,591 
Shares redeemed (537) – (5,330) – 
Net increase (decrease) 6,753 16,417 $66,351 $159,981 
Fidelity Freedom Blend 2045 Fund     
Shares sold 118,703 93,536 $1,148,849 $873,152 
Reinvestment of distributions 1,896 85 16,095 
Shares redeemed (30,065) (17,143) (289,566) (148,361) 
Net increase (decrease) 88,647 78,289 $859,368 $740,886 
Class K     
Shares sold 777,172 10,000 $7,533,031 $100,000 
Reinvestment of distributions 10,000 10 2,710 
Shares redeemed (1,702) – (17,008) – 
Net increase (decrease) 775,471 10,319 $7,516,033 $102,710 
Class K6     
Shares sold 45,397,875 905,331 $440,496,308 $8,061,254 
Reinvestment of distributions 11,996 323 115,999 2,740 
Shares redeemed (1,326,134) (37,415) (12,986,881) (348,453) 
Net increase (decrease) 44,083,737 868,239 $427,625,426 $7,715,541 
Class I     
Shares sold 198,586 10,000 $1,923,276 $100,000 
Reinvestment of distributions 316 10 2,680 
Shares redeemed (59) – (588) – 
Net increase (decrease) 198,528 10,316 $1,922,698 $102,680 
Class Z     
Shares sold 88 10,000 $872 $100,000 
Reinvestment of distributions 319 10 2,710 
Net increase (decrease) 89 10,319 $882 $102,710 
Class Z6     
Shares sold 2,579 10,000 $25,567 $100,000 
Reinvestment of distributions 323 12 2,740 
Net increase (decrease) 2,580 10,323 $25,579 $102,740 
Fidelity Freedom Blend 2050 Fund     
Class A     
Shares sold 36,937 26,016 $353,409 $241,577 
Reinvestment of distributions 392 28 3,316 
Shares redeemed (4,329) (1,246) (41,812) (11,291) 
Net increase (decrease) 32,611 25,162 $311,625 $233,602 
Class M     
Shares sold 18,201 10,039 $175,115 $100,365 
Reinvestment of distributions 347 11 2,930 
Shares redeemed (2,354) – (23,040) – 
Net increase (decrease) 15,848 10,386 $152,086 $103,295 
Class C     
Shares sold 19,570 14,119 $191,557 $138,357 
Reinvestment of distributions 327 15 2,770 
Shares redeemed (860) – (8,175) – 
Net increase (decrease) 18,712 14,446 $183,397 $141,127 
Fidelity Freedom Blend 2050 Fund     
Shares sold 108,554 49,174 $1,049,335 $463,866 
Reinvestment of distributions 491 60 4,148 
Shares redeemed (26,831) (705) (259,003) (6,683) 
Net increase (decrease) 81,729 48,960 $790,392 $461,331 
Class K     
Shares sold 580,811 10,000 $5,601,640 $100,000 
Reinvestment of distributions 369 10 3,120 
Shares redeemed (20,455) – (201,962) – 
Net increase (decrease) 560,357 10,369 $5,399,688 $103,120 
Class K6     
Shares sold 33,940,747 812,830 $327,933,073 $7,194,569 
Reinvestment of distributions 8,655 373 83,262 3,150 
Shares redeemed (1,072,351) (27,727) (10,440,278) (259,318) 
Net increase (decrease) 32,877,051 785,476 $317,576,057 $6,938,401 
Class I     
Shares sold 241,580 10,292 $2,327,926 $102,603 
Reinvestment of distributions 366 11 3,090 
Shares redeemed (4,881) – (48,092) – 
Net increase (decrease) 236,700 10,658 $2,279,845 $105,693 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 369 10 3,120 
Net increase (decrease) 10,369 $10 $103,120 
Class Z6     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 373 10 3,150 
Net increase (decrease) 10,373 $10 $103,150 
Fidelity Freedom Blend 2055 Fund     
Class A     
Shares sold 15,572 15,518 $150,328 $150,503 
Reinvestment of distributions 363 38 3,064 
Shares redeemed (144) – (1,430) – 
Net increase (decrease) 15,432 15,881 $148,936 $153,567 
Class M     
Shares sold 3,763 10,302 $36,313 $102,820 
Reinvestment of distributions 353 26 2,982 
Shares redeemed (52) – (511) – 
Net increase (decrease) 3,714 10,655 $35,828 $105,802 
Class C     
Shares sold 3,581 10,988 $34,307 $109,225 
Reinvestment of distributions 334 23 2,820 
Shares redeemed (314) – (3,027) – 
Net increase (decrease) 3,269 11,322 $31,303 $112,045 
Fidelity Freedom Blend 2055 Fund     
Shares sold 38,109 33,559 $370,067 $320,437 
Reinvestment of distributions 440 74 3,718 
Shares redeemed (6,256) (364) (61,713) (3,396) 
Net increase (decrease) 31,861 33,635 $308,428 $320,759 
Class K     
Shares sold 306,822 10,000 $2,959,400 $100,000 
Reinvestment of distributions 375 21 3,170 
Shares redeemed (7,512) – (74,194) – 
Net increase (decrease) 299,312 10,375 $2,885,227 $103,170 
Class K6     
Shares sold 14,232,139 439,603 $137,857,231 $3,882,496 
Reinvestment of distributions 4,204 379 40,439 3,200 
Shares redeemed (436,659) (17,619) (4,257,051) (160,478) 
Net increase (decrease) 13,799,684 422,363 $133,640,619 $3,725,218 
Class I     
Shares sold 136,195 10,000 $1,312,571 $100,000 
Reinvestment of distributions 370 21 3,130 
Shares redeemed (5,322) – (52,614) – 
Net increase (decrease) 130,875 10,370 $1,259,978 $103,130 
Class Z     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 375 21 3,170 
Net increase (decrease) 10,375 $21 $103,170 
Class Z6     
Shares sold – 10,000 $– $100,000 
Reinvestment of distributions 379 21 3,200 
Net increase (decrease) 10,379 $21 $103,200 
Fidelity Freedom Blend 2060 Fund     
Class A     
Shares sold 18,318 25,144 $177,693 $239,656 
Reinvestment of distributions 37 338 353 2,862 
Shares redeemed (163) – (1,617) – 
Net increase (decrease) 18,192 25,482 $176,429 $242,518 
Class M     
Shares sold 2,867 14,705 $27,774 $142,596 
Reinvestment of distributions 18 326 170 2,764 
Shares redeemed (3,689) – (35,397) – 
Net increase (decrease) (804) 15,031 $(7,453) $145,360 
Class C     
Shares sold 6,606 10,942 $64,281 $108,820 
Reinvestment of distributions 15 308 147 2,612 
Shares redeemed (215) – (2,085) – 
Net increase (decrease) 6,406 11,250 $62,343 $111,432 
Fidelity Freedom Blend 2060 Fund     
Shares sold 42,892 47,789 $417,332 $448,564 
Reinvestment of distributions 63 890 606 7,540 
Shares redeemed (2,429) (1,176) (23,920) (11,123) 
Net increase (decrease) 40,526 47,503 $394,018 $444,981 
Class K     
Shares sold 79,590 10,000 $769,051 $100,000 
Reinvestment of distributions 12 348 114 2,950 
Shares redeemed (1,224) – (12,170) – 
Net increase (decrease) 78,378 10,348 $756,995 $102,950 
Class K6     
Shares sold 2,920,492 137,069 $28,404,221 $1,222,903 
Reinvestment of distributions 2,551 352 24,565 2,980 
Shares redeemed (138,443) (5,301) (1,347,301) (50,065) 
Net increase (decrease) 2,784,600 132,120 $27,081,485 $1,175,818 
Class I     
Shares sold 62,205 10,397 $600,603 $103,616 
Reinvestment of distributions 12 345 119 2,924 
Shares redeemed (908) (11) (8,721) (99) 
Net increase (decrease) 61,309 10,731 $592,001 $106,441 
Class Z     
Shares sold 23 10,011 $220 $100,100 
Reinvestment of distributions 12 348 114 2,950 
Net increase (decrease) 35 10,359 $334 $103,050 
Class Z6     
Shares sold – 10,436 $– $104,106 
Reinvestment of distributions 12 – 119 2,980 
Shares redeemed (436) – (4,110) – 
Net increase (decrease) (424) 10,788 $(3,991) $107,086 
Fidelity Freedom Blend 2065 Fund(b)     
Class A     
Shares sold 11,383 – $113,835 $– 
Net increase (decrease) 11,383 – $113,835 $– 
Class M     
Shares sold 11,140 – $111,397 $– 
Shares redeemed (3) – (30) – 
Net increase (decrease) 11,137 – $111,367 $– 
Class C     
Shares sold 11,204 – $112,014 $– 
Shares redeemed (3) – (30) – 
Net increase (decrease) 11,201 – $111,984 $– 
Fidelity Freedom Blend 2065 Fund     
Shares sold 16,792 – $168,009 $– 
Shares redeemed (2) – (20) – 
Net increase (decrease) 16,790 – $167,989 $– 
Class K     
Shares sold 12,520 – $124,923 $– 
Net increase (decrease) 12,520 – $124,923 $– 
Class K6     
Shares sold 11,114 – $111,140 $– 
Net increase (decrease) 11,114 – $111,140 $– 
Class I     
Shares sold 11,111 – $111,110 $– 
Net increase (decrease) 11,111 – $111,110 $– 
Class Z     
Shares sold 11,111 – $111,110 $– 
Net increase (decrease) 11,111 – $111,110 $– 
Class Z6     
Shares sold 11,111 – $111,110 $– 
Net increase (decrease) 11,111 – $111,110 $– 

 (a) For the period August 31, 2018 (commencement of operations) to March 31, 2019.

 (b) For the period June 28, 2019 (commencement of operations) to September 30, 2019.

8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund Fidelity Freedom Blend 2020 Fund Fidelity Freedom Blend 2025 Fund Fidelity Freedom Blend 2030 Fund Fidelity Freedom Blend 2035 Fund Fidelity Freedom Blend 2040 Fund Fidelity Freedom Blend 2045 Fund 
Fidelity Series Corporate Bond Fund  22% 25% 19% 
Fidelity Series Government Bond Index Fund  24% 27% 21% 
Fidelity Large Cap Growth Index Fund 12% 14% 16% 16% 13% 
Fidelity Investment Grade Securitized Fund  22% 25% 19% 
Fidelity International Index Fund 13% 14% 16% 15% 13% 

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund % of shares held 
Fidelity Series Corporate Bond Fund  88% 
Fidelity Series Government Bond Index Fund  96% 
Fidelity Large Cap Growth Index Fund  98% 
Fidelity Investment Grade Securitized Fund  88% 
Fidelity International Index Fund  99% 

At the end of the period the investment adviser or its affiliates were owners of record of more than 10% of the outstanding shares of the following Funds:

  Affiliated % 
Fidelity Freedom Blend 2065 Fund 93% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The 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, 2019 to September 30, 2019) for each fund, with the exception of Fidelity Freedom Blend 2065 and for the period (June 28, 2019 to September 30, 2019) for Fidelity Freedom Blend 2065. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2019 to September 30, 2019).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value 
Ending
Account Value
September 30, 2019 
Expenses Paid
During Period 
Fidelity Freedom Blend Income Fund     
Class A .71%    
Actual  $1,000.00 $1,036.00 $3.61-B 
Hypothetical-C  $1,000.00 $1,021.45 $3.59-D 
Class M .97%    
Actual  $1,000.00 $1,034.70 $4.93-B 
Hypothetical-C  $1,000.00 $1,020.15 $4.90-D 
Class C 1.46%    
Actual  $1,000.00 $1,031.70 $7.42-B 
Hypothetical-C  $1,000.00 1,017.70 $7.36-D 
Fidelity Freedom Blend Income Fund .46%    
Actual  $1,000.00 $1,036.70 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class K .36%    
Actual  $1,000.00 $1,037.10 $1.83-B 
Hypothetical-C  $1,000.00 $1,023.20 $1.82-D 
Class K6 .26%    
Actual  $1,000.00 $1,037.50 $1.32-B 
Hypothetical-C  $1,000.00 $1,023.70 $1.32-D 
Class I .46%    
Actual  $1,000.00 $1,036.50 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class Z .36%    
Actual  $1,000.00 $1,037.00 $1.83-B 
Hypothetical-C  $1,000.00 $1,023.20 $1.82-D 
Class Z6 .26%    
Actual  $1,000.00 $1,037.30 $1.32-B 
Hypothetical-C  $1,000.00 $1,023.70 $1.32-D 
Fidelity Freedom Blend 2005 Fund     
Class A .71%    
Actual  $1,000.00 $1,036.50 $3.61-B 
Hypothetical-C  $1,000.00 $1,021.45 $3.59-D 
Class M .96%    
Actual  $1,000.00 $1,035.40 $4.88-B 
Hypothetical-C  $1,000.00 $1,020.20 $4.85-D 
Class C 1.46%    
Actual  $1,000.00 $1,032.50 $7.42-B 
Hypothetical-C  $1,000.00 $1,017.70 $7.36-D 
Fidelity Freedom Blend 2005 Fund .46%    
Actual  $1,000.00 $1,037.50 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class K .36%    
Actual  $1,000.00 $1,038.70 $1.83-B 
Hypothetical-C  $1,000.00 $1,023.20 $1.82-D 
Class K6 .26%    
Actual  $1,000.00 $1,038.50 $1.33-B 
Hypothetical-C  $1,000.00 $1,023.70 $1.32-D 
Class I .47%    
Actual  $1,000.00 $1,037.40 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class Z .36%    
Actual  $1,000.00 $1,038.70 $1.83-B 
Hypothetical-C  $1,000.00 $1,023.20 $1.82-D 
Class Z6 .26%    
Actual  $1,000.00 $1,038.90 $1.33-B 
Hypothetical-C  $1,000.00 $1,023.70 $1.32-D 
Fidelity Freedom Blend 2010 Fund     
Class A .72%    
Actual  $1,000.00 $1,036.30 $3.67-B 
Hypothetical-C  $1,000.00 $1,021.40 $3.64-D 
Class M .97%    
Actual  $1,000.00 $1,036.30 $4.94-B 
Hypothetical-C  $1,000.00 $1,020.15 $4.90-D 
Class C 1.47%    
Actual  $1,000.00 $1,032.30 $7.47-B 
Hypothetical-C  $1,000.00 $1,017.65 $7.41-D 
Fidelity Freedom Blend 2010 Fund .47%    
Actual  $1,000.00 $1,038.60 $2.40-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K .39%    
Actual  $1,000.00 $1,039.20 $1.99-B 
Hypothetical-C  $1,000.00 $1,023.05 $1.97-D 
Class K6 .27%    
Actual  $1,000.00 $1,038.90 $1.38-B 
Hypothetical-C  $1,000.00 $1,023.65 $1.37-D 
Class I .48%    
Actual  $1,000.00 $1,038.20 $2.45-B 
Hypothetical-C  $1,000.00 $1,022.60 $2.43-D 
Class Z .37%    
Actual  $1,000.00 $1,039.20 $1.89-B 
Hypothetical-C  $1,000.00 $1,023.15 $1.87-D 
Class Z6 .27%    
Actual  $1,000.00 $1,039.20 $1.38-B 
Hypothetical-C  $1,000.00 $1,023.65 $1.37-D 
Fidelity Freedom Blend 2015 Fund     
Class A .73%    
Actual  $1,000.00 $1,036.30 $3.72-B 
Hypothetical-C  $1,000.00 $1,021.35 $3.69-D 
Class M .98%    
Actual  $1,000.00 $1,035.40 $4.99-B 
Hypothetical-C  $1,000.00 $1,020.10 $4.95-D 
Class C 1.48%    
Actual  $1,000.00 $1,032.40 $7.52-B 
Hypothetical-C  $1,000.00 $1,017.60 $7.47-D 
Fidelity Freedom Blend 2015 Fund .48%    
Actual  $1,000.00 $1,038.30 $2.45-B 
Hypothetical-C  $1,000.00 $1,022.60 $2.43-D 
Class K .40%    
Actual  $1,000.00 $1,038.30 $2.04-B 
Hypothetical-C  $1,000.00 $1,023.00 $2.02-D 
Class K6 .28%    
Actual  $1,000.00 $1,038.80 $1.43-B 
Hypothetical-C  $1,000.00 $1,023.60 $1.42-D 
Class I .49%    
Actual  $1,000.00 $1,037.30 $2.50-B 
Hypothetical-C  $1,000.00 $1,022.55 $2.48-D 
Class Z .38%    
Actual  $1,000.00 $1,038.30 $1.94-B 
Hypothetical-C  $1,000.00 $1,023.10 $1.92-D 
Class Z6 .28%    
Actual  $1,000.00 $1,039.30 $1.43-B 
Hypothetical-C  $1,000.00 $1,023.60 $1.42-D 
Fidelity Freedom Blend 2020 Fund     
Class A .74%    
Actual  $1,000.00 $1,037.30 $3.77-B 
Hypothetical-C  $1,000.00 $1,021.30 $3.74-D 
Class M 1.00%    
Actual  $1,000.00 $1,036.30 $5.09-B 
Hypothetical-C  $1,000.00 $1,020.00 $5.05-D 
Class C 1.50%    
Actual  $1,000.00 $1,033.30 $7.62-B 
Hypothetical-C  $1,000.00 $1,017.50 $7.57-D 
Fidelity Freedom Blend 2020 Fund .50%    
Actual  $1,000.00 $1,039.30 $2.55-B 
Hypothetical-C  $1,000.00 $1,022.50 $2.53-D 
Class K .43%    
Actual  $1,000.00 $1,039.20 $2.19-B 
Hypothetical-C  $1,000.00 $1,022.85 $2.17-D 
Class K6 .30%    
Actual  $1,000.00 $1,039.80 $1.53-B 
Hypothetical-C  $1,000.00 $1,023.50 $1.52-D 
Class I .52%    
Actual  $1,000.00 $1,038.20 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class Z .40%    
Actual  $1,000.00 $1,039.20 $2.04-B 
Hypothetical-C  $1,000.00 $1,023.00 $2.02-D 
Class Z6 .30%    
Actual  $1,000.00 $1,040.20 $1.53-B 
Hypothetical-C  $1,000.00 $1,023.50 $1.52-D 
Fidelity Freedom Blend 2025 Fund     
Class A .76%    
Actual  $1,000.00 $1,037.70 $3.87-B 
Hypothetical-C  $1,000.00 $1,021.20 $3.84-D 
Class M 1.01%    
Actual  $1,000.00 $1,036.70 $5.14-B 
Hypothetical-C  $1,000.00 $1,019.95 $5.10-D 
Class C 1.51%    
Actual  $1,000.00 $1,033.60 $7.68-B 
Hypothetical-C  $1,000.00 $1,017.45 $7.62-D 
Fidelity Freedom Blend 2025 Fund .51%    
Actual  $1,000.00 $1,039.70 $2.60-B 
Hypothetical-C  $1,000.00 $1,022.45 $2.58-D 
Class K .44%    
Actual  $1,000.00 $1,039.70 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class K6 .31%    
Actual  $1,000.00 $1,040.10 $1.58-B 
Hypothetical-C  $1,000.00 $1,023.45 $1.57-D 
Class I .54%    
Actual  $1,000.00 $1,038.70 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class Z .41%    
Actual  $1,000.00 $1,039.70 $2.09-B 
Hypothetical-C  $1,000.00 $1,022.95 $2.07-D 
Class Z6 .31%    
Actual  $1,000.00 $1,039.60 $1.58-B 
Hypothetical-C  $1,000.00 $1,023.45 $1.57-D 
Fidelity Freedom Blend 2030 Fund     
Class A .77%    
Actual  $1,000.00 $1,039.30 $3.93-B 
Hypothetical-C  $1,000.00 $1,021.15 $3.89-D 
Class M 1.02%    
Actual  $1,000.00 $1,037.20 $5.19-B 
Hypothetical-C  $1,000.00 $1,019.90 $5.15-D 
Class C 1.52%    
Actual  $1,000.00 $1,034.20 $7.73-B 
Hypothetical-C  $1,000.00 $1,017.40 $7.67-D 
Fidelity Freedom Blend 2030 Fund .52%    
Actual  $1,000.00 $1,040.20 $2.65-B 
Hypothetical-C  $1,000.00 $1,022.40 $2.63-D 
Class K .45%    
Actual  $1,000.00 $1,040.20 $2.30-B 
Hypothetical-C  $1,000.00 $1,022.75 $2.28-D 
Class K6 .32%    
Actual  $1,000.00 $1,040.50 $1.63-B 
Hypothetical-C  $1,000.00 $1,023.40 $1.62-D 
Class I .55%    
Actual  $1,000.00 $1,040.20 $2.81-B 
Hypothetical-C  $1,000.00 $1,022.25 $2.78-D 
Class Z .42%    
Actual  $1,000.00 $1,040.20 $2.14-B 
Hypothetical-C  $1,000.00 $1,022.90 $2.12-D 
Class Z6 .32%    
Actual  $1,000.00 $1,040.20 $1.63-B 
Hypothetical-C  $1,000.00 $1,023.40 $1.62-D 
Fidelity Freedom Blend 2035 Fund     
Class A .78%    
Actual  $1,000.00 $1,036.50 $3.97-B 
Hypothetical-C  $1,000.00 $1,021.10 $3.94-D 
Class M 1.03%    
Actual  $1,000.00 $1,035.50 $5.24-B 
Hypothetical-C  $1,000.00 $1,019.85 $5.20-D 
Class C 1.53%    
Actual  $1,000.00 $1,032.30 $7.77-B 
Hypothetical-C  $1,000.00 $1,017.35 $7.72-D 
Fidelity Freedom Blend 2035 Fund .53%    
Actual  $1,000.00 $1,037.50 $2.70-B 
Hypothetical-C  $1,000.00 $1,022.35 $2.68-D 
Class K .46%    
Actual  $1,000.00 $1,038.50 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class K6 .33%    
Actual  $1,000.00 $1,038.80 $1.68-B 
Hypothetical-C  $1,000.00 $1,023.35 $1.67-D 
Class I .56%    
Actual  $1,000.00 $1,037.50 $2.85-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class Z .43%    
Actual  $1,000.00 $1,038.50 $2.19-B 
Hypothetical-C  $1,000.00 $1,022.85 $2.17-D 
Class Z6 .33%    
Actual  $1,000.00 $1,037.40 $1.68-B 
Hypothetical-C  $1,000.00 $1,023.35 $1.67-D 
Fidelity Freedom Blend 2040 Fund     
Class A .79%    
Actual  $1,000.00 $1,032.50 $4.01-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $1,031.40 $5.28-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $1,029.40 $7.81-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2040 Fund .54%    
Actual  $1,000.00 $1,034.60 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .47%    
Actual  $1,000.00 $1,034.50 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K6 .34%    
Actual  $1,000.00 $1,034.80 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .57%    
Actual  $1,000.00 $1,034.50 $2.90-B 
Hypothetical-C  $1,000.00 $1,022.15 $2.88-D 
Class Z .44%    
Actual  $1,000.00 $1,034.50 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $1,035.50 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Fidelity Freedom Blend 2045 Fund     
Class A .79%    
Actual  $1,000.00 $1,033.60 $4.02-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $1,032.60 $5.28-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $1,029.50 $7.81-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2045 Fund .54%    
Actual  $1,000.00 $1,033.60 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .47%    
Actual  $1,000.00 $1,035.70 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K6 .34%    
Actual  $1,000.00 $1,034.80 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .57%    
Actual  $1,000.00 $1,034.60 $2.90-B 
Hypothetical-C  $1,000.00 $1,022.15 $2.88-D 
Class Z .44%    
Actual  $1,000.00 $1,035.70 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $1,035.60 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Fidelity Freedom Blend 2050 Fund     
Class A .79%    
Actual  $1,000.00 $1,032.70 $4.01-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $1,030.60 $5.28-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $1,028.50 $7.81-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2050 Fund .54%    
Actual  $1,000.00 $1,034.80 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .47%    
Actual  $1,000.00 $1,034.80 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K6 .34%    
Actual  $1,000.00 $1,035.00 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .57%    
Actual  $1,000.00 $1,033.70 $2.90-B 
Hypothetical-C  $1,000.00 $1,022.15 $2.88-D 
Class Z .44%    
Actual  $1,000.00 $1,034.80 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $1,034.80 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Fidelity Freedom Blend 2055 Fund     
Class A .79%    
Actual  $1,000.00 $1,032.80 $4.01-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $1,030.70 $5.28-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $1,029.70 $7.81-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2055 Fund .54%    
Actual  $1,000.00 $1,034.90 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .47%    
Actual  $1,000.00 $1,034.90 $2.39-B 
Hypothetical-C  $1,000.00 $1,022.65 $2.38-D 
Class K6 .34%    
Actual  $1,000.00 $1,035.10 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .57%    
Actual  $1,000.00 $1,033.80 $2.90-B 
Hypothetical-C  $1,000.00 $1,022.15 $2.88-D 
Class Z .44%    
Actual  $1,000.00 $1,034.90 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $1,034.90 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Fidelity Freedom Blend 2060 Fund     
Class A .79%    
Actual  $1,000.00 $1,032.70 $4.01-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $1,030.60 $5.28-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $1,028.50 $7.81-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2060 Fund .54%    
Actual  $1,000.00 $1,033.70 $2.75-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .46%    
Actual  $1,000.00 $1,034.70 $2.34-B 
Hypothetical-C  $1,000.00 $1,022.70 $2.33-D 
Class K6 .34%    
Actual  $1,000.00 $1,035.00 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .56%    
Actual  $1,000.00 $1,033.70 $2.85-B 
Hypothetical-C  $1,000.00 $1,022.20 $2.83-D 
Class Z .44%    
Actual  $1,000.00 $1,034.70 $2.24-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $1,034.70 $1.73-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Fidelity Freedom Blend 2065 Fund     
Class A .79%    
Actual  $1,000.00 $998.00 $2.05-B 
Hypothetical-C  $1,000.00 $1,021.05 $3.99-D 
Class M 1.04%    
Actual  $1,000.00 $997.00 $2.70-B 
Hypothetical-C  $1,000.00 $1,019.80 $5.25-D 
Class C 1.54%    
Actual  $1,000.00 $996.00 $3.99-B 
Hypothetical-C  $1,000.00 $1,017.30 $7.77-D 
Fidelity Freedom Blend 2065 Fund .54%    
Actual  $1,000.00 $998.00 $1.40-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class K .44%    
Actual  $1,000.00 $999.00 $1.14-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class K6 .34%    
Actual  $1,000.00 $999.00 $.88-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 
Class I .54%    
Actual  $1,000.00 $998.00 $1.40-B 
Hypothetical-C  $1,000.00 $1,022.30 $2.73-D 
Class Z .44%    
Actual  $1,000.00 $999.00 $1.14-B 
Hypothetical-C  $1,000.00 $1,022.80 $2.23-D 
Class Z6 .34%    
Actual  $1,000.00 $999.00 $.88-B 
Hypothetical-C  $1,000.00 $1,023.30 $1.72-D 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period) for each fund, with the exception of Fidelity Freedom Blend 2065 and multiplied by 95/366 (to reflect the period June 28, 2019 to September 30, 2019) for Fidelity Freedom Blend 2065. The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

 C 5% return per year before expenses

 D Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

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 (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR), for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts 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 2019 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.

Approval of Amended and Restated Advisory Contracts. At its September 2019 meeting, the Board also unanimously determined to approve amended and restated management contracts (Amended and Restated Contracts) in connection with an upcoming consolidation of certain of Fidelity's advisory businesses. The Board considered that, on or about January 1, 2020, FMRC expects to merge with and into FMR and, after the merger, FMR expects to redomicile as a Delaware limited liability company. The Board noted that the Amended and Restated Contracts will replace FMRC with FMR and will take effect upon the completion of the merger. The Board noted that references to FMR in the Amended and Restated Contracts would be updated to reflect FMR's new form of organization and domicile. The Board also approved amendments that clarify 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. The Board also noted Fidelity's assurance that neither the planned consolidation nor the Amended and Restated Contracts will change the investment processes, the level or nature of services provided, the resources and personnel allocated, trading and compliance operations, or any fees paid by the funds.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMRC, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the 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.

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 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 and index funds; (vii) lowering expense caps for certain existing funds and classes, and converting certain voluntary expense caps to contractual caps, to reduce expenses borne by shareholders; (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. As the funds recently commenced operations, the Board did not believe that it was appropriate to assign significant weight to their 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.

With respect to Freedom Blend 2065 Fund, the Board considered that it received and reviewed information regarding the fund's management fee rate and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the approval of the management contract in January 2019. The Board noted that, because the fund did not commence operations until June 2019, no new competitive management fee and expense information was considered by the Board.

Management Fee.  The Board considered two proprietary management fee comparisons for the period of the funds' operations shown in basis points (BP) in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG % and the number of funds in the Total Mapped Group are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and was considered by the Board.

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


Fidelity Freedom Blend Income Fund


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 2018. 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 2018. The Board noted that the majority of peer funds do not have 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 the funds' total expense ratio comparisons to competitors generally were more favorable.

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 2018. 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 2018.

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 2018. 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 compared with funds with a 0.50% 12b-1 fee, the total expense ratio of Class M of each such fund is below median.

The Board noted that the total expense ratio of Class C (including expenses of the Series Funds): (i) ranked below the competitive median for 2018 for Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, and Fidelity Freedom Blend Income Fund; (ii) ranked equal to the competitive median for 2018 for Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund, and Fidelity Freedom Blend 2060 Fund; and (iii) ranked above the competitive median for 2018 for Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, and Fidelity Freedom Blend 2025 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 compared with competitor funds that charge a 1.00% 12b-1 fee, the total expense ratio of Class C of each such fund is 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 2018.

The Board considered supplemental information that compared the funds to competitor funds with less than 75% passive holdings and noted that, with these adjustments, all classes and 100% of assets had total expenses that were below the competitive median.

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 and by a vote of a majority of the outstanding voting securities of Class Z6 of the applicable 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 (except Freedom Blend 2065 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.

PricewaterhouseCoopers LLP (PwC), auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of the fund profitability information and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential 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 noted that changes to fall-out benefits year-over-year reflect business developments at Fidelity's various businesses. The Board considered that a joint ad hoc committee created by it and the boards of other Fidelity funds had recently been established, and meets periodically, to evaluate potential fall-out benefits. The Board noted that the committee was expected to, among other things: (i) discuss the legal framework surrounding potential fall-out benefits; (ii) review the Board's responsibilities and approach to potential fall-out benefits; and (iii) review practices employed by competitor funds regarding the review of potential fall-out benefits. The Board noted that it would consider the committee's findings in connection with future consideration of contract renewals.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund 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 practices of certain sub-advisers regarding their receipt of research from broker-dealers that execute the funds' portfolio transactions; (vi) the terms of Fidelity's voluntary expense limitation agreements; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends, and the impact of the increased use of omnibus accounts; (ix) new developments in the retail and institutional marketplaces and the competitive positioning of the funds relative to other investment products and services; (x) the impact on fund profitability of recent changes in total net assets for Fidelity's money market funds, anticipated changes to the competitive landscape for money market funds, and the level of investor comfort with gates, fees, and floating NAVs; (xi) the funds' share class structures and distribution channels; and (xii) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain classes. In addition, the Board considered its discussions with Fidelity throughout the year regarding enhanced information security initiatives and the funds' fair valuation policies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable, and that each fund's Advisory Contract should be renewed and each fund's Amended and Restated Contract should be approved.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Freedom Blend 2065 Fund

On January 17, 2019, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with FMR Co., Inc. (FMRC), an affiliate of Fidelity Management & Research Company (FMR) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees’ counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity’s staffing as it relates to the fund, including the backgrounds of investment personnel of FMRC, and also considered the fund’s investment objective, strategies, and related investment philosophy. 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 the fund.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity’s investment staff, including its size, education, experience, and resources, as well as Fidelity’s approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity’s global investment organization. The Board also noted that Fidelity’s analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity’s investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity’s risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity under the Advisory Contract and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund’s Advisory Contract. The Board considered FMRC’s strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contract should benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered the fund’s proposed class-level management fee rate, which will cover most expenses of the top-level fund and underlying funds. In reviewing the Advisory Contract, the Board also considered the projected total expense ratio of each class of the fund. The Board noted that the fund’s proposed management fee rate ranks above the median of its competitor funds because the majority of such competitor funds do not have top-level management fees. The Board also considered that the projected total expense ratio of the each class except Class M and Class C (including expenses of the underlying Series funds) of the fund is below the median those funds and classes used by the Board for management fee comparisons that have a similar sales load structure, and that the projected total expense ratio of Class M and Class C ranked above the competitive median. The Board also considered that the total expense ratio of each of Class M and Class C was above the competitive median primarily because of higher 12b-1 fees as compared to most competitor funds.

The Board considered that the proposed contractual arrangements for the fund oblige FMR to pay all “class-level” expenses of Class K6 and Class Z6 of the 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 and Class Z6 of the fund except by a vote of a majority of the Board of Trustees of the fund.

Based on its review, the Board concluded that the management fee and the projected total expense ratio of each class of the fund’s management fee and projected total expense ratio 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 fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund’s Advisory Contract, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the Series Funds in which the fund invests and servicing the fund’s shareholders.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It is noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors that pay top-level management fees, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.

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 the fund’s Advisory Contract should be approved.





Fidelity Investments

FBF-SANN-1119
1.9890345.101



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 25, 2019


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Laura M. Del Prato


Laura M. Del Prato


President and Treasurer



Date:

November 25, 2019



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

November 25, 2019